Full text of Treasury Bulletin : February 1977
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Treasury Bulletin
February 1977
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
February 1977
I
CONTENTS
Article
- Treasury Financing Operations.............................................. .V
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations.................................... .......... .1
FFO-2.
Chart
FFO-3.
FFO-4.
FFO-5.
FFO-6 .
FFO-7.
FFO-3.
- Budget Receipts by Source.............................................. ..... 3
- Budget Receipts by Source............................................. ..... 5
- Budget Outlays by Agency.................................................. .6
- Undistributed Offsetting Receipts........................................... .7
- Budget Outlays by Function................................................. .8
- Investment Transactions of Government Accounts in Federal Securities (Net)......... .10
- Trust Funds Transactions....................................................11
- Selected Accrual Data Reported by Federal Agencies............................. .12
FEDERAL OBLIGATIONS
FO-1.
FO-2.
FO-3.
FO-4.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class.. 14
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object eiass.............................................................14
- Gross Obligations Incurred Outside the Federal Government by Department or Agency... .15
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months.............................................................. .16
ACCOUNT OF THE U.S. TREASURY
UST-1.
UST-2.
UST-3.
- Status of the Account of the U.S. Treasury.....................................17
- Analysis of Changes in Tax and Loan Account Balances........................... .18
- Gold Assets and Liabilities of the Treasury....................................19
MONETARY STATISTICS
MS-1.
- Currency and Coin in Circulation........................................... .20
FEDERAL DEBT
FD-1.
FD-2.
FD^3.
FD^-4.
FD-5.
FD-6 .
FD-7.
FD-8 .
FD-9.
FD-10.
-
Summary of Federal Debt................................................... .21
Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt... 21
Interest-Bearing Public Debt............................................... .22
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt... 22
Government Account Series...................................................23
Interest-Bearing Securities Issued by Government Agencies....................... .24
Participation Certificates................................................. .25
Debt Subject to Statutory Limitation........................................ .26
Status and Application of Statutory Limitation................................ .27
Treasury Holdings of Securities..............................................28
PUBLIC DEBT OPERATIONS
PD0-1.
PDO-2.
PD0-3 •
PD0-4.
PD0-5.
PDO-6 .
- Maturity Schedule of InterestsBearing Marketable Public Debt Securities........... ..30
- Offerings of Bills....................................................... ..31
- New Money Financing through Regular Weekly Treasury Bills....................... ..34
- Offerings of Public Marketable Securities................................... .
- Unmatured Marketable Securities Issued at a Premium or Discount................. 41
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities... ..45
II
Treasury Bulletin
CONTENTS
PDO-7.
PDO-8 .
PD0-9.
- Disposition of Public Marketable Securities...................................
- Foreign Series Securities............................. .....................
- Foreign Currency Series Securities..........................................
50
53
58
UNITED STATES SAVINGS BONDS
SB-1.
SB-2.
SB-3.
SB-4.
-
Sales and Redemptions by Series, Cumulative................................... 61
Sales and Redemptions by Periods, All Series Combined.......................... . 61
Sales and Redemptions by Periods, Series E through K...........................
62
Redemptions of Matured and Unrnatured Savings Bonds............................. 64
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods............................................
65
OWNERSHIP OF FEDERAL SECURITIES
0FS-1.
OFS-2.
- Distribution of Federal Securities..........................................
- Estimated Ownership of Public Debt Securities.................................
66
67
TREASURY SURVEY OF OWNERSHIP
TSO-1.
TSO-2.
TSO-3.
TS0-4.
TS0-5.
-
Summary of Federal Securities....................... .......................
Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution..
Interest-Bearing Marketable Public Debt Securities by Issue.....................
Securities Issued by Government Agencies.......... ...........................
Securities Issued by GovernmentsSponsored Agencies and D.C......................
68
69
69
71
71
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP
TSC-1.
TSC-2.
TSC-3.
TSC-4.
TSC-5.
- Summary of Interest-Bearing Public Debt Securities.............................
- Interest-Bearing Marketable Public Debt Securities
by type and Maturity Distribution..........................................
- Interest-Bearing Marketable Public Debt Securities by Issue................... .
- Securities Issued by Government*Agencies.......... **
.......................
- Securities Issued by Government-Sponsored Agencies and D.C...................... 1
72
72
73
75
75
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-l.
MQ-2.
MQ-3.
Chart
-
Treasury Bills........................................................ ...
Treasury Notes...........................................................
Treasury Bonds................;........................... ..............
Yields of Treasury Securities..............................................
76
76
77
78
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds..............
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds..............
79
80
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
IFS-2.
81
IFS-4.
IFS-5.
- U.S. Reserve Assets......................................................
- U.S. -Liquid and Nonlxquid Liabilities to Foreign Official .Institutions, ,and.Liquid
Liabilities to All Other Foreigners............................... ........ .
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area............................................ ...................
- Nonmarketable U.S. Treasury Bonds and Notes.................. ................
- U.S. Position*in the International Monetary Fund........................... .
XFS-6 .
- Weighted-Average of Exchange Rate Changes for the Dollar....................... „ 87
IFS-3.
83
84
85
86
February 19 j y
III
CONTENTS
CAPITAL MOVEMENTS
CM-II-1.
CM-II-2.
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
Short-Term Liabilities by Type of Foreign Holder................................
Short-Term Liabilities by Type of Liability.....................................
Short-Term Liabilities by Country.............................................
Short-Term Liabilities, by Type and Country.....................................
Short-Term Liabilities, Not Regularly Reported Separately.........................
Long-Term Liabilities by Type................................................
Long-Term Liabilities by Country..............................................
CLAIMS ON FOREIGNERS REPORTED BY BANKS
- Short-Term Claims by Type....................................................
- Short-Term Claims by Country.................................................
CM-II-3.
CM-II-4 .
CM-11*5.
CM-II-6 .
-
CM-I-1.
CM-1-2.
CM-1-3.
CM-1-4.
CM-1-5.
CM-1-6.
CM-1-7.
-
CM-III-1. CM-III-2. CM-III-3. CM-III-4. CM-IV-1.
CM-IV-2.
CM-IV-3.
CM-IV-4.
CM-IV-5.
CM-IV-6 .
CM-IV-7.
-
CM-V-1.
CM-V-2.
CM-V-3.
CM-V-4.
CM-V-5.
CM-V-6 .
CM-V-7.
CM-V-8 .
CM-V-9.
CM-V-10.
-
CM-VI-1. CM-VI-2. -
90
91
93
94.
95
96
97
98
99
Short-Term Claims, by Type and Country......................................... 100
Long-Term Claims by Type.................................................... 101
Long-Term Claims by Country.................................................. 102
Long-Term Claims, by Type and Country.......................................... 103
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
Liabilities by Type......................................................... 104
Short-Term Liabilities by Country......................................... .
105
Short-Term Liabilities,by Type and Country......................................106
Long-Term Liabilities, by Country.............................................107
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
Claims by Type............................................................. 108
Short-Term Claims by Country................................................. 109
Short-Term Claims, by Type and Country......................................... 110
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type.............. m
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country........... 111
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country.... 112
Long-Term Claims by Country.................................................. 113
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
Foreign Purchases and Sales of Long-Term Domestic Securities....................... 114
Foreign Purchases and Sales of Long-Term Foreign Securities........................114
Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country....... 115
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country..... 116
Net Foreign Transactions in Long-Term Domestic Bonds............................. 117
Net Foreign Transactions in Domestic Stocks by Country............................ 118
Net Foreign Transactions in Long-Term Foreign Bonds by Country..................... 119
Net Foreign Transactions in Foreign Stocks by Country............................. 120
Foreign Purchases and Sales of Long-Term Securities, Latest Date.................... 121
Foreign Purchases and Sales of Long-Term Securities, Latest Year.................... 122
FOREIGN CREDIT AND ‘DIBIT- BALANCES IN BROKERAGE ACCOUNTS
Foreign Credit Balances (Due to Foreigners)................................... . 123
Foreign Debit Balances (Due from Foreigners).................................... 124
Treasury Bulletin
IV
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
GA.-II-1.
FEDERAL CREDIT PROGRAMS
- Direct Sales and Repurchases of Loans........................................
Cumulative Table of Contents........................................................ .
Note:
Details of figures may not add to totals because of rounding.
125
126
V
February 1977
Treasury Financing Operations
Auction o f 2-Year Notes
On January 12 the Treasury announced that i t would auc
notes offered
were Treasury Notes
Tenders for the
notes o f
Series A-1984 were received
The
u n til 1 :3 0 p .m ., EST, February 3 , and totaled $4,754 m illion
o f Series L-1979, to be
of which $2,000 m illion was accepted at y ie ld s ranging from
tio n $2,500 m illion o f 2-year notes to raise new cash.
dated February 3 , 1977, due January 31, 1979, with in terest
7 .2 1 $ , price 10 0.21 7, up to 7 .2 7 $ , price 99 .892 .
payable semiannually on July 31 and January 31 in each year
tiv e tenders for $1 m illion or le s s were accepted in f u l l at
u n til maturity.
the average y ie ld o f accepted tenders, 7 .2 5 $ , price 100.000.
A coupon rate o f 5-7/6% was set a fte r the
determination as to which
b a s is ,
tenders were accepted on a yie ld
the average of which translated into an average ac
These totaled $680 m illio n .
Tenders fo r the bonds
EST, February 4 ,
cepted price close to 100.000.
m illion
Tenders for the
notes were
received u n til 1:3 0 p.m .,
EST, January 19, and totaled $5,523 m illio n , o f which $ 2 ,504m illion
was accepted
at y ie ld s
ranging from 5 .9 4 $ , price
9 9 .8 8 0 , up to 5 .9 9 $ , price 99 .7 8 7 .
Noncompetitive tenders
were received u n til 1:3 0 p .m .,
and totaled $2,351
was accepted
Noncompeti
m illion o f which $751
at y ie ld s ranging from 7 .5 8 $ ,
100.530, up to 7 .6 3 $ , price 99 .941 .
price
Noncompetitive tenders
for $1 m illion or le s s were accepted in f u l l at the average
y ie ld o f accepted tenders,
7 .6 3 $ , price 99 .941 .
These t o
taled $301 m illio n .
for $1 m illio n or le s s from any one bidder were accepted in
In addition to the amounts a llo tte d to the pu b lic, $1,300
f u l l at the average y ie ld o f accepted tenders, 5 .9 7 $ , price
99 .824 .
m illion of the notes o f Series G-1980,
These totaled $371 m illion .
and $881 m illion of
the notes o f Series A-1984 and $391 m illion o f the bonds were
In addition,
$335 m illion o f tenders were accepted at
the average price from
Federal Reserve Banks as agents for
foreign and international monetary authorities for new cash.
Tenders were
branches and
D. C.
received
at Federal
Reserve
banks and
at the Bureau o f the Public Debt, Washington,
a llo tted to Federal Reserve banks and Government accounts fo r
th eir own account in exchange for secu rities maturing Febru
ary 15, 1977, and $280 m illion o f the notes o f Series G-1980
to Federal Reserve Banks as agents for foreign and interna
tio n a l monetary authorities fo r new cash.
Bearer notes, with interest coupons attached, and notes
registered as to principal and interest were authorized to be
issued in denominations o f $5,000 ,
$10,000,
$100,000, and
$1 ,000 ,00 0.
or before February 15, 1977, in
secu rities maturing on or
before February 15, 1977,
available to the Treasury by that date.
On January 26 the Treasury announced that i t would s e l l
to the public at auction, under competitive and noncompeti
tiv e bidding, up to $3,000 m illion o f Treasury Notes o f Se
$2,000 m illion o f Treasury Notes o f Series A-
1984, and $750 m illion of Treasury Bonds o f 2002-2007.
These
issues were to refund $2,068 m illio n o f pu blicly held Treas
ury secu rities maturing February 15 and to raise new cash.
A coupon rate o f 6 -1 /2 $ was set on the notes o f Series
G-1980 a fte r the determination as to which tenders were ac
cepted on a y ie ld b a s is , the average o f which translated into
an average
cash,
which were to be accepted at par, or other funds immediately
February Refunding
rie s G-1980,
Payment for accepted tenders in a l l auctions was required
to be made or completed on
accepted price close to 100.000.
The notes o f
Series G-1980 w ill be dated February 15, 1977, due February
15, 1980, with interest payable semiannually on August 15 and
February 15 u n til maturity.
Tenders for the
notes o f Series G-1980
Tenders were received in a l l three auctions at Federal
Reserve banks and branches
Debt, Washington, D. C.
bonds,
and at the Bureau o f the Public
Bearer notes o f Series A-1984 and
with in terest coupons attached, and notes o f Series
A-1984 and bonds registered as to principal and in terest were
authorized to be issued in denominations o f $1 ,000 , $5 ,000 ,
$10,000, $100,000, and $ 1 ,0 0 0 ,0 0 0 .
The notes o f Series G-
1980 were to be issued in denominations o f $5 ,0 0 0 , $10,000,
$100,000, and $1 ,0 0 0 ,0 0 0 .
52-Week B ills
On January 26 tenders were invited fo r $2,930 m illio n ,
or thereabouts, o f
364-day Treasury b i l l s to be dated Feb
ruary 8 , 1977, and to mature February 7 , 1978.
opened on February 2 .
Tenders were
They totaled $5,734 m illio n , o f which
were received
$2,930 m illion was accepted, including $58 m illion o f noncom
u n til 1:3 0 p .m ., EST, February 1 , and totaled $5,886 m illion
p e titiv e tenders from the public and $745 m illion o f the b i l l s
o f which $3,004 m illion was accepted at y ie ld s ranging from
issued at the average price to Federal Reserve banks for them
6 .5 6 $ , price 99 .839 , up to 6 .6 4 $ , price 99•625.
Noncompeti-
selves and $175 m illion as agents o f foreign and internation
tiv e tenders fo r $1 m illion or le s s were accepted in f u l l at
a l monetary auth orities.
the average y ie ld o f accepted tenders, 6 .6 2 $ , price 99 .678 .
5.345$.
These totaled $736 m illio n .
turing February 8, 1977.
The average bank discount rate was
The issue was to refund $2,930 m illion o f b i l l s ma
VI
Treasury Bulletin
Treasury Financing Operations—Continued
13-Week and 26-Week B ills
Issues of regular weekly Treasury b i l l s in January t o
taled $23,900 m illio n .
These issues
were offered for cash
and in exchange for b i l l s maturing in the same amount.
There
ders over $10,000 must be in m ultiples o f $5 ,000 .
Payment
for the f u l l par amount o f 52-week b i l l s applied fo r must ac
company a l l tenders submitted fo r b i l l s to be maintained on
were two 13-week issues in the amount o f $2,500 m illion and
the book-entry records o f the Department o f the Treasury.
two 13-week issues o f $2,4-00 m illio n .
cash adjustment w ill be made.for the difference between the
There were three 2 6 -
week issues in the amount o f $3,500 m illion and one 26-week
par payment submitted and the actual issue price as
issue o f $3,600 m illio n .
mined in the auction.
Average rates for the new issues
deter
No deposit need accompany tenders from
incorporated banks and tru st companies and from responsible
are shown in the follow ing ta b le .
and recognized dealers in investment se c u r itie s ,
Annual average rate
(bank discount b asis)
Date o f issue
A
fo r b i l l s
to be maintained on the book-entry records o f Federal Reserve
Banks and Branches, or fo r d e fin itiv e b i l l s , where authorized.
A deposit o f 2 percent o f the par amount o f the b i l l s applied
13-week
1977
January
6
13
20
27
26-week
fo r mast accompany tenders fo r such b i l l s from others,
le s s an express guaranty o f payment by an incorporated bank
4.555
4.803
4.868
4.905
4.4 07
4.613
4.6 68
4.700
un
or tru st company accompanies the tenders.
Noncompetitive tenders (without stated p r ic e ), usually
fo r $500,000 or le s s from any one bidder, fo r each issue o f
13-week, 26-week, and 52-week b i l l s , are accepted in f u l l at
the average price o f accepted competitive bids fo r an issu e.
Payment fo r accepted tenders must be made or completed
on the date o f issu e, in cash or other immediately available
Treasury B i lls (Other than Short-dated b i l l s ’) - General
Treasury b i l l s are sold on a bid b a sis.
i s payable without in terest at maturity.
funds or in a lik e face amount o f Treasury b i l l s maturing on
The par amount
They are issued in
that date.
Payment fo r 13-week, 26-week, and 52-week b i l l s
may not be made by credit in Treasury tax and loan accounts.
bearer form only in the case o f a l l issues except 52-week b i l l s ,
in denominations
o f $10,000,
$15,000,
$500,000, and $1,000,000 (maturity value) .
$5 0,000, $100,000,
Foreign Series and Foreign Currency Series
Foreign series secu rities issued in January totaled $34-3
52-week issues of
b i l l s are issued in book entry form on the records o f either
m illio n , consisting o f one b i l l and one note.
the Federal Reserve Banks
fo r the month totaled $405 m illio n .
and Branches or o f the Treasury.
For a lim ited period o f tim e, d e fin itiv e b i l l s o f the 52-week
foreign series secu rities outstanding totaled
issues w ill be available only in the $100,000 denomination to
lio n .
investors who are able to show that they are required by law
to hold sec u rities in physical form.
(D etails are shown on page 57
There were no issues
r i t i e s in January.
o f foreign currency series secu
At the end o f January foreign cur
rency series secu rities outstanding totaled an equivalent o f
and from individuals at the Bureau o f the Public Debt, Wash
$1,520 m illion
ington.
(D etails are shown on page 60
Note:
Each tender must be fo r a minimum o f $10,000.
Ten
$20,689 mil
.)
Redemptions fo r the month totaled an e -
quivalent of $26 m illio n .
Tenders are received at Federal Reserve banks and branches
Redemptions
At the end o f January,
and were
a l l denominated
.)
D etails o f Treasury market financing operations are shown elsewhere in tab les on public debt operations.
in Swiss francs.
1
February 197 7
_____FEDERAL FISCAL OPERATIONS_____
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Budget receipts and outlays
Means of financing— net transactions
Borrowing from the public— Federal securities
fiscal year
or month
Net
receipts
1/
(1)
Net
outlays
2J
Surplus
or
deficit (1-2
(2)
Public
debt
securi
ties 2/
Agency
securi
ties
(5)
(6)
(7)
5,320
8,522
10,062
7,417
23,100
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,813
17,977
-1,094
760
1,746
826
62,000
-
178,833
184,548
196,588
211,425
231,876
246,526
268,392
324,601
365,610
94,473
411,243
439,967
-25,161
3,236
-2,845
-23,033
-23,227
-14,301
-3,460
-43,604
-65,605
-12,700
-57,198
-46,950
22,476
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
71,735
69,642
5,944
-10,150
-1,739
-347
-1,269
216
903
-1,069
-90
194
-1,388
-1,394
1975-Dec
1976-Jan....
Feb....
Mar....
Apr....
Ifey............
June...
July...
25,997r
25,634
20,845
20,431
33,34#
22,679
37,615
22,660
27,360
31,753
21,018
25,698
29,472
31,925r
30,725
29,833
29,054
32,476
9,850
7,757
9,465
6,620
-30r
33,083
31,891
-5,928r
-5,091
-8,987
-8,623
872
-5,731
7,048
-11,247
-2,211
757
-12,981
-7,385
-2,419
76,188
98,973
-22,785
Sept...
Oct....
Nov......
Dec....
Fiscal 1977
to date....
34,000
2,902
7,036
8,905
18,842
11,822
14,813
7,031
4,341
-3,514
8,346
12,748
5
-8
-139
353
-19
-5
-30
-393
-427
401
-1,925
-1,489
268
2,205
6,306
984
17,430
Other
3/
1968.......
1969.......
1970.......
1971.......
1972.......
1973.......
1974.......
1975.......
1977 (Est.)...
1978 (Est.)...
1975-Dec....
1976-Jan....
Feb....
Mar....
Apr....
May....
June...
July...
Aug...
Sept...
Oct......
Nov....
Dec......
Fiscal 1977
to date....
2,997
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
-159
95
285r
2,431
922
-1,813
2,076
-853
-3,476
1,358
-3,506
1,949
1,734
-3,077
1,107
-236
Footnotes on following page.
Total budget
financing
7-8-9-10
-11-12+13+14
(14)
(15)
(16)
25,161
-3,236
2,845
23,033
23,227
14,301
3,460
43,604
65,605
12,700
57,198
46,950
5,*962r
5,091
8,987
8,623
-872
5,731
-7,048
11,247
2,211
-757
12,981
7,385
2',419
6,785
7,544
9,291
10,117
11,785
13,854
10,473
539
22,785
Other
_
-302
-59
n.a.
n.a.
-1
1,971
3,532
64
-4,032
3,517
-3,383
-
41
-•*
-25
-26
-17
-192
6,682
-4,784
1,658
5,705
-5,371
-3,391
3,018
-5,744
-
(12)
2
8
-69
-405
13
30
-362
1,859
808
-1,536
-208
1,079
-1,264
91
647
-172
-385
n.a.
n.a.
538
644
802
-908
-988
50
525
1,121
1,024
764
n.a.
n.a.
1122?
-22
-184'
-231
319
-19
889
-24
94
59
-32
251
538
85
-489
-60
163
1,456
-1,215
322
564
258
351
154
49
285
157
491
Selected balances, end of period
Transactions
not applied to
year’s surplus
or deficit IQ/
367
10,407
—961
482
1,297
-208
-778
-8,897
-7,456
-2,179
-10,337
-8,625
-474**
-1,513
-968
-1,205
-284
-407
45
-1,088
-1,059
-31
2,590
-584
-1,467
Gold
tranche
drawing
rights
(11)
557
290
711
-8'
245
123
_
_
„
_
_
-1,570
7,246
2,579
n.a.
n.a.
-
General ac
count of the
U.S. Treasury
3/6/
Federal securities
U.S.
Treasury
Operating
cash
Public
debt
securities
Agency
securities
11/
1/
(13)
(10)
_
_
2,068
-3,380
7,820
8,972
7,320
1,398
4,109
3,847
5,964
8,733
3,279
4,386
6,738
4,581
5,905
-1,990
(9)
1,668
8 ,210r
Means of financing— net transactions— Con.
Fiscal year
or month
(8)
55,500
1,611
-65
498
-706
-6
-32
-9
9*760
4,114
8,782
1,373
8,420
-2
Special
drawing
rights
7/
3/
(4)
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
81,773
354,045
393,017
28,410
Total
4+5-6
U.S.
Treasury
operating
cash
Within general
account of the
U.S. Treasury
(3)
1968....... *
1969........
1970........
1971........
1972........
1973........
1974........
1975....... .
1976........
T.Q.......
1977 (Est.)...
1978 (Est.)...
30,567
33,906
29,571
30,996
Invest
ments of
Govern
ment ac
counts 4/
Cash and monetary assets (Deduct)
(17)
-
-
-
7,589
14,835
17,414
10,615r
11,987
12,051
8,019
11,536
8,153
14,835
10,051
11,709
17,414
12,043
8,652
11,670
-
11,670
-
-
(18)
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
706,436
776,078
(19)
(20)
576,649
584,405
593,871
600,490
601,973
610,672
620,432
624,546
633,328
634,701
637,603
644,639
653,543
10,935r
10,902
10,907
10,901
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
156,398
169,146
141,300
141,234
141,733
141,026
141,080
145,660
151,566
149,576
149,977
148,052
146,563
146,831
149,037
653,543
11,250
149,037
]
!
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
10,290
8,895
Investments
of Govern
ment accounts
Held by the
public
18+19-20
(21)
290,629
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
560,327
615,827
446,284r
454,072
463,045
470,365
471,763
475,872
479,719
485,683
494,417
497,696
502,713
509,451
515,757
515,757
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS*
Footnotes to Table FFO-1.
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based on the 1978 Budget of the U.S. Govern
ment, released January 17, 1977.
l/ For detail see Table FFO-2.
2/ For detail see Table FFO-3.
2/ As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the budget presentation.
y
For detail see Table FJFO-6.
5/ Current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance date basis
and are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FPO-IO in the October 1974
Bulletin.
,
6/ As of July 1974, balances shown under "Within general-'account of the
U.S. Treasury” are now presented in columns 9, 11, and 13.
2/ Represents holdings of special drawing rights, less certificates
issued to Federal Reserve banks.
8/ Represents activity of the International Monetary Fund.
2/ Includes: public debt accrued interest payable to the public, de
posit funds, miscellaneous asset and liability accounts, and as of
July 1974, the gold balance.
10/ Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassifi
cation 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
(Export-Import Bank since August 17, 1971, rural electrification and
telephone revolving fund since May 12, 1973, Postal Service fund
since July 1973, Federal Financing Bank since July 1974, housing
for the elderly or handicapped fund since August 22, 1974, and Pen
sion Benefit Guaranty Corporation since September 17, 1974).
11/ For detail, see Table FD-6.
n.a. Not available. r Revised.
* Less than $500,000.
Title V of the Congressional Budget Act of 1974 (Public Law 93-344)
changed the fiscal year from July 1 through June 30 to Oct. 1 through
Sept. 30, commencing with the fiscal year 1977 (Oct. 1, 1976, through
Sept. 30, 1977). The act also established a 3-month transitional
period from July 1 through Sept. 30, 1976, between fiscal years 1976
and 1977. Cumulative figures for the transition quarter are included
in tables FF0-1 through FF0-4, FF0-6; UST-1, UST-2; MS-1; FD-1 through
FD-8, FD-10; SB-2 through SB-4; SN-1; OFS-1; and GA-II-1.
February 297 7
3
__ FEDERAL FISCAL OPERATIONS*
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Fiscal year
or month
Income taxes
Net
budget
receipts
Individual
Withheld 1/
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977 (Est.)........
1978 (Est.)........^
Other
Refunds
9,527
10,191
13,240
14,522
14,143
21,866
23,952
34,013
27,367
958
35,207
42,095
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
81,773
354,045
393,017
57,301
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
153,107
185,700
20,951
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
35,197
27,612
25,997r
25,634
20,845
20,431
33,348
22,679
37,615
10,738
9,519
10,946
11,385
10,037
10,755
11,251
22,660
27,360
31,753
21,018
25,698
29,472
10,731
11,813
10,406
10,694
12,201
12,179
571
5,843
933
2,532
12,723
573
5,275
1,018
542
5,249
564
375
678
76,188
35,073
1,618
1975-Dec...........
1976-Jan...........
Feb...........
Mar...........
Apr......... .
May...........
June..........
July......... j
Aug...........
Oct...........
Nov...........
Dec.......... .
Fiscal 1977
to date...........
Corporation
Gross
Net
Net
income
taxes
Net
Refunds
29,897
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
9,809
62,281
65,102
1,232
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,677
6,192
28,665
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
56,604
58,910
6',884
1,771
1,203
6,485
6,727
1,396
10,391
1,885
1,111
6,812
1,874
1,185
7,838
354
218
7,512
5,171
490
549
267
142
163
41
194 |
li'200
15,276
7,778
5,272
15,248
6,157
16,037
11,201
12,088
15,513
11,095
12,535
12,663
6,530
1,553
781
5,863
6,119
1,016
10,000
554
846
486
205
689
6,259
1,027
699
7,633
17'730
16,829
8,560
11*135
21,367
7,172
26,036
12,714
12,776
21,771
12,122
13,234
20,296
398
36,293
10,897
1,538
9,359
45,652
68,726
87,249
90,412
86,230
94,737
103,246
118,952
122,386
131,603
38,801
153,097
171,217
109
86 .
4,100
8,646
'
422
621
607
380
391
372
422
1
.
97,390
123,927
123,241
113,015
126,903
139,398
157,571
163,007
173,011
47,261
209,701
230,127
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
Old-age, disability, and
hospital insurance
Gross
1968.............. 28,672
1969.............. 33,956
1970.............. 38,600
1971.............. 41,237
1972.............. 45,559
1973.............. 54,166
1974.............. 65,016
1975.............. 74,075
1976.............. 78,792
T.Q..............
21,475
1977 (Est.)........ 90,770
1978 (Est.)........ 104,269
1975-Dec..........
4,923 1
1976-Jan..........
5,748
Feb..........
8,313
Mar..........
5,929
Apr..... '....
7,932
May..........
9,288
June.........
6,555
July.........
5,917
Aug..........
9,045
Sept.........
6,513
Oct........
5,288
Nov...........
7,488
Dec..........
5,668
Fiscal 1977
to date.........
18,443
Footnotes at end of table.
Refunds
263
605
386
518
447
479
535
360
408
Net
-
28,409
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,329
103,767
4,923
5,748
8,313
5,929
7,932
9,288
6,147
5,917
9,045
6,513
5,288
7,488
5,668
-
18,443
-
441
502
_
-
408
-
-
-
Unemployment insurance
Net
employment
taxes and
contributions
Railroad retirement accounts
Gross
815
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,860
1,867
137
16
254
142
79
203
145
20
283
25
21
287
158
467 (
Refunds
Net
1
*
*
*
1
1
*
*
*
*
*
*
814
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,860
1,867
*
*
*
*
*
*
_■*
*
*
*
-*•
1
*
137
16
254
142
79
203
145
20
283
25
21
287
158
*
467
*
;
Gross
Refunds
Net
unemployment
insurance
29,224
34,236
39,133
41,699
46,120
54,876
65,892
75,204
79,909
21,803
<92,189
105,634
3,351
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704 1
11,552
15,102
6
7
6
8
13
19
26
33
32
6
38
56
3,346
3,328
3,464
3,674
4,357
6,051
6,837
6,771
8,054
2,698
11,514
5^060
5,765
8,567
6,071
8,011
9,491
6,292
‘5,937
9,328
6,538
5,308
7,775
5,826
111
224 1
694
140
962
2,945
248
726
1,824
154
504
1,206
-26
1
1
*
11
10
4
-6
3
1
2
1
1
1
110
223
693
129
952
2,940
254
723
1,822
503
1,205
-26
1,684
3
1,681
18,910
15,046
153
Treasury Bulletin
4
________ FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Source—Continued
(in millions of dollars)
Social insurance taxes and contributions - Continued
Net contributions for other
insurance and retirement
Fiscal year
or month
Federal
supple Federal
mentary employees
medical retirement
insurance
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q...........
1977 (Est.).....
1978 (Est.).....
1975- Dec........
1976-Jan........
Feb........
Mar........
Apr......... ,
May........
June.......
July.......
Sept.......
Oct........
Nov....
Dec........
Fiscal 1977
to date........
698
903
936
1,253
1,340
1,427
1,704
1,901
1,937
53?
2,180
2,374
Other
retirement
1,334
1,426
1,735
1,916
2,058
2,146
2,302
2,513 I
2,760 1
706
2,944
2,958
158
167
163
170
160
159
167
178
183
177
173
181
181
230
270
203
259
220
216
254
226
275
205
209
267
219
535
695
Excise taxes
Miscellaneous
Net
social
insurance
taxes and
contri
butions
Total
Gross
Refunds
Net
20
24
29
37
39
41
45
52
54
13
56
56
2,052
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,180
5,388
34,622
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,883
126,068
9,827
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
10,159
10,470
127
96
167
133
1,056
158
141
150
141
44
84
85
6
6
4
5
6
4
4
4
5
4
5
3
7
395
442
370
435
386
380
425
408
464
386
388
451
407
5,565
6,430
9,631
6,635
9,349
12,811
6,971
7,068
11,614
7,077
6,199
9,432
6,207
854r
766
965
832
877
746
896
886
829
849
803
831
943
13
14
9
28
-5
12
12
11
15
18
12
28
-3
15
1,246
Excise taxes -Continued
21,837
2,577
36
Airport and airway trust fund
Gross
9,700
10,585
10,352
10,510
9,506
9,836
9,743
9,400
ID,612
2,520
10,075
10,385
_
_
841r
751
957
804
882
734
884
875
814
831
791
803
946
2,540
Net
_
_
2
1
2
2
1
2
1
2
2
564
650
760
842
964
940
277
1,193
1,273
Customs duties
Estate and gift taxes
Refunds
563
649
758
840
962
938
277
1,191
1,271
82
87
75
82
81
33
94
92
90
96
93
111
94
1
-
82
87
75
82
81
53
94
92
89
96
93
111
94
298
1
298
1
*
*
*
*
_
_
_
1
Net miscellaneous receipts
Highway trust fund
Fiscal year
or month
Gross
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
T.Q..........
1977 (Est.)....
1978 (Est.)....
1975-Dec.......
1976-Jan.......
Feb.......
Ifer................
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
4,493
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,794
7,005
561
496
340
471
496
545
523
543
574
560
524
594
473
Fiscal 1977
to date......
1,590
Refunds
114
Net
Net
excise
taxes
Gross
Refunds
Net
Gross
Refunds
Net
Deposits of
earnings by
Federal
Reserve
banks
18
13
106
2
13
1
-9
-
4,379
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,660
6,857
561
496
323
458
390
543
511
543
573
560
524
603
473
14,079
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,926
18,513
l,484r
1,335
1,354
1,344
1,353
1,329
1,489
1,510
1,476
1,486
1,408
1,517
1,513
3,082
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
6,007
5,906
392
406
481
464
397
495
450
463
555
467
425
578
506
31
39
36
49
54
59
66
77
91
31
100
100
7
5
6
15
10
6
7
9
8
14
8
7
4
3,051
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
5,907
5,806
386
401
475
450
387
489
442
454
547
453
417
570
502
2,113
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
4,863
5,422
358
360
299
396
370
359
432.
399
404
440
358
404
420
75
68
64
66
107
120
110
106
134
31
150
160
11
12
11
12
13
10
11
10
10
11
12
12
8
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
4,713
5,262
347
348
288
384
357
349
412
461
250
493
453
503
473
478
487
502
511
490
503
501
-9
1,600
4,438
1,508
20
1,489
1,182
33
1,149
1,494
224
32
123
313
153
123
146
152
1
134
148
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates are based on the 1978 Budget of the U.S. Governs
ment, released January 17, 1977.
1/ Includes individual income taxes designated for the Presidential
election campaign fund. Prior to February 1974, these taxes were
included in "Other".
421
389
394
429
345
392
2,091
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
6,000
6,400
All
other
400
Total
247
158
325
380
426
523
935 2/
2,576 2/
112
915 ,
841 .
24
42
45
29
32
56
1,777
37
49
26
38
50
42
2,491
2,908
3,424
3,858
3,633
3,921
5,369
6,711
8,028
1,613
6,915
7,241
485
292
538
482
535
528
2,255
524
552
537
527
553
542
129
1,623
2/ Includes $442,615 thousand in fees for licenses to import petroleum
and petroleum products.
2/ Includes $1,670 million in fees for licenses to import petroleum and
petroleum products.
* Less than $500,000.
r Revised,
BUDGET RECEIPTS BY SOURCE
Fiscal Years 1968 -1977
$Bil.
1968
1970
1972
1974
1976 T.Q- 1977
1968
1970
1972
1974
1976 T.Q. 1977
1972
1974
1976 T.Q. 1977
60
-
Excise Taxes
Corporation Taxes
1968
1970
1972
1974
1976 T.Q. 1977
1968
1970
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government For actual amounts see preceding Table FFO-2
i/ Includes estate and gift taxes, customs duties, and miscellaneous receipts.
Treasury Bulletin
6
.FEDERAL FISCAL OPERATIONS.
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Fiscal year
or month
1968................
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
1977 (Est.)
1978 (Est.)
1975-Dec...
1976-Jan...
Feb...
Mar...
Apr...
May...
June..
Legis
lative
branch
255
277
340
384
487
540
625
726
779
225
1,016
1,102
72r
65
59
72
43
73
71
The
judi
ciary
91
109
128
142
173
183
205
284
325
85
398
440
41
22
53
1
29
29
58
July..
Aug...
Sept..
Oct...
Nov...
Dec...
67
50
109
53
99
77
36
27
23,
1
39
26
Fiscal 1977
to date....
229
66
Fiscal year
or month
July......
Aug.......
Sept......
Oct.......
Nov.......
Fiscal 1977
to date.......
28
31
36
47
55
49
75
93
79
16
81
72
6
8
5
9
16
Funds ap
propriated
to the
President
1/
4,913
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221
4,4.67
5,149
453r
-354
413
407
30?
670
468
568
591
730
844
1,061
’316
1,199
1,255
113r
105
55
78
67
42
30
233
50
34
116
58
80
254
5,732
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,774
14,590
1,059
993
749
895
1,056
718
1,234
945
985
1.072
1,019
14,573
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
42,000
44,600
5,697r
1,127
3,193
3,093
3,207
3,209
3,223
3,143
3,754
2,862
1,486
2,870
3,065
6,421
3,478
12,356
7.307
8,330
8.307
8,560
10,943
807
854
1,028
1,188
1,250
10,028
1,368
9,767
9,725
12,796
3,850
13,691
12,761
1,403:
1,373
1,309
535
1,455
1,583
1,248
887
511
-176
493
-223
-574
1,109
1,266
1,475
982
1,875
1,165
-304
4,021
Treasury
Department
Transpor
State
Depart tation
ment
Department Interest
2/
on the
Other
public
1/
debt 2/
424
437
448
Defense Department
Agricul Commerce
ture De
partment Depart
ment
Energy
Research
and
Devlp.
Admin.
4/
82 2,466
336 2,450
206 2,453
31 2,275
275 2,392
6,792 2,393
6,674 2,307
8,512 3,198
7,272 ■ 3,759
1,598 1,051
8,020 5,375
5,383' ~ 6,458
288
297
280
1,056
361
217
411
331
1,960
322
310
339
457
-194
1,342
233
336
203
52
482
267
1,873
225
342
-164
422
1,809
1,031
5,295
6,006
302
261
274
315
268
219
233
439
338
331
274
412
353
1,039
1,211
21,926
98,050
109,523
7,445r
7,272
6,792
m
6*951
7,622
7,246
6,826
7,855
7,244
7,820
8,305
201
General
Services
Adminis
tration
413
425
446
501
589
468
-276
-624
-92
3
176
263
88
-120
44
57
-127
26
71
-130*
101
32
-101
74
102
75
142
160
153
164
204
168
209
206
194
218
171
82,042
93,735
34,341
147,927
159,385
10,890
10,781
10,759
11,628
11,131
583
23,369
523
1,376
1,530
1,703
1,682
2,051
2,124
583
2,469
2,628
213
128
National
Aero
nautics
and
Space
Admin.
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,706
3,901
326
260
291
307
293
279
286
344
359
250
368
359
345
1,072
Housing &
Urban De Interior
velopment Depart
Department ment 2/
40,576
46,594
52,338
61,866
71,779
1,300
1,268
88,036
534
3,040
2,931
161
199
153
166
162
151
239
178
159
197
131
191
701
763
1,114
2,032
2,530
3,118
1,108
Civil
77,373
77,870
77.150
74,546
75.150
73,297
77,625
85,420
2,020
Environ
mental
Protection
Agency
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on the
1978 Budget of the U.S. Government, released January 17, 1977.
Note: Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts are
shown in this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
2/ Cumulative year to date figures may not add due to budget realignments.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Slrelf lands were shown as proprietary receipts from the public for
Military
1/
Health,
Education,
& Welfare
Department
Veterans
Adminis
tration
Justice
Depart
ment
3,272
3,475
4,356
7,923
10,033
8,639
8,966
17,649
2,242
25,742
551
5.905
2,436 23,468
2,445 19,619
215
2,285
2,367
189
2,172
172
2,498
iff
2,107
172
1 883
193
2,035
215
1,909
154]
2,215
181
1,782
199
1,459
19-r 1,738
2V.
1,931
430
515
640
916
1,180
1,531
1,797
2,067
4,140
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
1,397
7,673
8,722
l,010r
1,255
591
"443
st
ll,3lt
11,788
11,635
11,983
11,968
35,587
Other
independ
ent
agencies
1 / 5/
6,858
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
18,370
18,259
1,699
1,627
1,689
1,674
1,618
1,569
1,254
3*351
1,385
1,222
1,382
1,723
1,459
21,515
24,755
1,5l2r
1,031
1,071
1,310
1,748
1,578
1,437
2,101
1,280
2,146
3,613
1,575
1,596
4,564
6,909
7,337
4,890
7,246
8,879
9,886
11,449
12,945
17,255
18,286
5,527
Labor
Depart
ment
1,125
-134
406
110
39<
59C
1,100
765
608
5,128
Undistributed Offsetting
Receipts 2/ 6/
Rents and
Royalties
on the Outer
Continental
Shelf lands
Total
Other
-4,499
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
-1,255
178,833
184,548
196,588
211,425
231,875
246,526
268,392
324,601
365,610
94,473
CO
*\T
(
i-l
1
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..... :...
1975..........
1976..........
T.Q........
1977 (Est.)__
1978 (Est.)__
L975-Dec.......
1976-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
Executive
Office
of the
President
-289
-958
-71
-120
-353
-10,678
-3,644r
-1,063
-791
-1,078
-1,038
-953
-1,323
-1,072
-924
741
-365
-529
-3,854
411,243
439,967
31,925*
30,725
29,833
29,054
32,476
28,410
30,567
33,906
29,571
30,996
34,000
33,083
31,891
-544
-4,758
98,973
_
_
_
_
_
-2,428
-2,662
-1,311
-2,600
-3,100
-147
-378
-50
-736
-414
-495
-45
-64
the Interior Department. To conform with the FI 1976 Budget Document's
presentation, these amounts were reclassified and are now being <3hown
as undistributed offsetting receipts.
Reported on an accrual basis.
A/ Pursuant to Public Law 93-438, the activity for the Atomic Energy
Conttaifision other than nuclear regulatory and reactor safety research
was transferred to the Energy Besearch and Development Administration.
Includes the U.S. Postal Service.
For content see Table FFO-4.
Revised.
%
February 1977
7
Fir.nir.RAT. FISCAL OPERATIONS______________________________________
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Interest credited to certain Government accounts
Federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Depb.
Defense
Civil Service
Commission
Other
Federal Old-Age,
Civil Service
Disability, and
Retirement and
Hospital Insurance Disability Fund
Health, Education, and Welfare Department
Total
Soldiers' &
Airmen's
Home
Permanent
Fund
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
894
1,009
1,346
1,617
1,718
1,848
2,039
2,296
2,346
80
2,320
2,162
83
140
221
324
388
435
479
512
467
13
384
263
61
94
138
183
190
198
406
607
708
5
778
864
21
23*
12
17
29
43
77
104
104
4
118
180
1,004
6
56
17
56
25
987
217
1
9
4
3
5
200
326
3
2
2
2
2
359
1/
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1977 (Est.)......
1978 (Est.)......
510
611
728
727
742
816
911
1,082
1,138
294
1,170
1,310
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,918
2,080
592
2,219
2,228
5
6
8
8
9
10
652
980
1,024
99
1,203
1,132
1,825
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,592
4,670
3
3
3
3
3
3
4
7
6
1
6
6
1975-Dec........
1976-Jan........
Feb...... .
Mar........
Apr........
May........
82
103
105
104
106
107
108
146
201
151
208
168
165
181
97
102
95
85
87
92
175
271
147
158
205
178
306
371
309
361
322
320
739
321
374
290
292
352
308
2
July........
Aug........
Sept....... .
Oct........
Nov........
Dec........
77
68
53
47
49
49
449
50
1
48
48
60
38
1
2
6
56
17
37
69
961
1
9
4
2
11
173
Fiscal 1977 to date
264
542
146
952
2
1,067
187
|
!
2
2
_
.
2
47
1
1
2
1
1
44
1
1
2
1
2
47
1
1
2
/
366
372
49
Interest credited to certain Government accounts-—Continued
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
1968...........
1969...........
1970............
1971...........
1972...........
1973...........
1974...........
1975...........
1976....... ....
T.Q............
1977 (Est.)......
1978 (Est.)......
1975-Dec........
1976-Jan........
Feb........
Mar........
439
517
601
637
496
487
650
Transportation Veterans Administration
Department
National
Government
Service
Life
Life
Insurance
Insurance
Highway
Fund
Fund
Trust Fund
34
53
115
184
206
247
415
586
587
13
605
663
252
1
4
4
1
1
279
32
32
31
31
32
31
31
31
31
*
31
33
Dec.........
283
55
335
354
34
4
41
9
22
5
44
*
45
10
7
28
43
2
6
6
9
17
249
*
*
*
*
*
16
Fiscal 1977 to date
78
274
16
May........
June........
July........
Oct....... ..
,
16
*
*
*
*
*
15
Civil Service
Commission
Railroad
Civil Service Retirement
Board
Retirement and
Disability
Fund
211
225
245
271
292
309
338
368
398
8
433
475
187
40
1,114
181
191
215
251
258
262
257
274
246
16
235
235
87
1
19
2
2
91
1
2
6
1
205
3
65
4
8
42
1,302
1
12
2
6
13
91
206
1,351
109
2
7
*
1
*
192
Source: Monthly Treasury Statement of Receipts and Outlays,of the United
States Government.
Note: Budget estimates are based on the 1978 Budget of the U.S. Government, released January 17, 1977.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
706
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
2,760
3,182
1,095
3
65
4
i
Other
2/
Total
Rents and
royalties
on the Outer
Continental
Shelf lands
Grand
X
/"
\+n
vO
oG
Ln
L
2/
9
8
20
14
12
23
40
130
162
3
196
242
72r
670
278
673
620
463
-2,651
732
348
-1,077
1
2
92
95
2,674
3,099
3,936
4,765
5,089
5,452
6,574
7,690 .
7,800 4/
270
8,201
8,659
, 3,338r
692
483
718
716
633
584
751 '
550
-1,030
74
187
3,546
3,807
2,428
2,662
1,311
2,600
*3,100
147
378
50
736
414
495
45
I
4,499
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,393
13,778
3,790r
l i&
1,814
1,452
1,449
1,368
1,136
1,213
64
289
058
71
120
353
436
659
4,207
544
5,303
W
foreign service retirement and disability fund, and Airport and Airway
trust fund.
Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FT 1976 Budget Document's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a result, the
detail will not add to the Fiscal Year 1974 totals,
U Totals may not add due to budget reclassifications.
* Less than $500,000.
r Revised.
2/
00
Table FFO-5. - Budget Outlays by Function
t ;q ;
Fiscal year 1976
Function
National defense
Outlays........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
International affairs
Outlays........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
Generalscienoe. and technology
May
June
July
Aug.
Sept.
Oct.
8,892
-899
1
7,578
-439
-2
8,780
-639
-6
8,955
-1,497
5
7,808
-534
-6
7,994
7,136
8,134
7,462
7,268
8,338
-678
-2
7,659
567
-229
-18
320
275
-27
315
-15
-8
292
1,204
-95
-32
1,077
973
-69
-2
902
435
-40
-•*
207
-54
-*
395
152
360
-*•
360
348
-*
371
-*
403
-*
417
-•*
309
348
371
403
i1!
Jan.
Feb.
Mar.
8,568
-590
3
7,981
8,154
-1,241
2
6,995
-873
-2
6,120
8,403
-647
-3
7,752
Dec.
8,443
-843
4
7,604
8,321
-881
-6
7-,434
8,523
-952
4
7,575
25,287
-2,677
3
22,613
25,429
-1,689
3
23,743
577
-14
-25
539
312
-18
498
-26
294
472
1,387
-58
-25
1,305
1,352
-117
-14
1,221
431
-•*
400
418
1,249
-*
309
431
400
418
1,248
1,132
-1
1,131
1,142
-85
-*
1,461
-119
-1
1,342
-125
-1
3,945
-328
-2
2,948
-327
-1
378
-27
-*
324
-4
351
320
380r
_*
336
-*
415
-2
380r
336
413
379
--1
379
1,027*
-117
-*
831
-114
1,935
-102
-1
1,097
-163
_*
-•*
-•*
1,230
-300
-*
1,406
-93
*
1,290
-183
-1
1,475
-302
_*
9l0r
718
1,833
935
984
924
929
1,313
1,106
1,173
293r • 180
-153
48
14-Or
228
201
114
315
53
-8
-51
-*
44
1,837 '
-18
*
906
-6
1,819
431r
-14r
-40r
377r
422
l,466r
-1
Total..........................
1,464p
2,045r
-7r
*r
2,038r
249
Comparable
period
Cumulative fiscal
to date 1/ 1976
Nov.
525r
-87
-6r
431r
Proprietary receipts from the public....
Total..........................
Natural resources, environment, and
energg
Outlays........................
Proprietary receipts from the public,...
Intrabudgetary transactions.........
Total..........................
Agriculture
Outlays........................
Proprietary receipts from the public....
Total..........................
Commerce and transportation
Outlays.........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
Community and regional development
Outlays........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
Education, training, employment and social
services
Outlays........................
Proprietary receipts from the public....
Footnotes at end of table.
T&; 1977
Apr.
Dec.
6,915
!
1,057
-*
1,341
1,217
3,614
2,619
677
-47
630
728
-221
507
1,611
-352
1,259
818
-179
639
-51
274
-4
270
-236
55
-181
179
-80
99
132
-2
130
463
68
531
205
-83
122
-666
-6
1,615
-5
474
-8
1,244
-7
2,061
-5
659
-7
1,984
-6
2,241
-3
1,730
-4
999
-4
4,970
-12
5,244
-20
900
-672
1,610
466
1,238
2,056
651
1,977
2,237
1,726
995
4,958
5,224
484
-11
-9
460
-8
-3
574
-11
-35
-64
-6
553
-14
-8
421
421
285
-11
-4
270
520
-*
435
-10
-4
464
448
528
450
531
540
-13
-3
525
480
-12
-42
425
789
-30
-2
756
520
-14
-1
506
1,789
-56
-46
1,687
1,216
-37
-51
1,128
1,478
-1
1,532
-1
1,811
-2
1,608
-2
1,259
-1
1,740
-2
1,349
-1
1,474
-1
1,478
1,530
1,809
1,606
1,258
1,738
1,348
1,473
1,710
-1
1,709
1,564
-1
1,563
4,403
-3
4,400
3,943
-3
3,939
1,863
-1
1,862
1,130 ,
-1
1,128
I
8*
55
&
Jo*
&
Table FFO-5. - Budget Outlays by Function—Continued
$-
$
(In millions of dollars)
Fiscal year 1976
Si
F.Y. 1977
t :q :
Function
! Dec.
Health
Outlays..... ........... .....
Proprietary receipts from the public.
Intrabudgetary transactions.......
Total............... ........
Income security
Outlays....... .............. .
Proprietary receipts from the public.
Intrabudgetary transactions.......
Total........................
Yeterans benefits and services
Outlays............. .........
Proprietary receipts from the public.
Intrabudgetary transactions..........
Total........................
Lay enforcement and .justice
Outlays..... ............ .
Proprietary receipts from the public.
Intrabudgetary transactions.......
Total........................
Several, gpxeynment.
Outlays............. .........
Proprietary receipts from the public.
Intragudgetary transactions,......
Total................. .
Revenue sharing and general purpose
fiscal assistance '
Outlays............... .
Proprietary receipts from the public.
Intrabudgetary receipts...........
Total....... ............... .
Interest
Outlays......... .
Proprietary receipts from the public.
Intrabudgetary transactions.......
Total........................
Undistributed offsetting receipts....
Net Budget outlays...... .......
,
1
Jan.
Feb.
Mar.
3,020
-1
3,055
3,350
-2
1
3,610r
-258
2,761
-251
2,801
-258
3,093
ll,724r
11,402
11,769
12,189
_•*
4,563r
*r
-953
Apr.
May
June
3,186
-1
-239
2,946
2,498
-4
-247
2,247
3,134
-185
2,951
11,432
11,989
-450
10,982
-1,210
10,558
-900
11,884
-•*
-1,150
11,289
10,734
July
Aug.
Sept.
3,463
-3
-384
3,077
3,466
11,440
-*
-451
10,990
10,813
-■*
-1,439
10,550
10,813
10,955
2
1
-394
3,072
2,943
*
-100
2,843
11,131
Oct.
Nov.
Dec.
4,936
Comparable
period
Cumulative fiscal
to date 1/ 1976
3,629
-1
-376
3,251
3,410
-393
3,014
1
-866
-1,635
4,071
10,337
11,615
-*
-545
11,070
11,327
-*
-311
11,016
11,352
_■*
-819
10,533
34,294
-*
-1,675
32,618
33,384
-*
-2,241
31,143
4,974
-143
-2
11,975
-2
10,574
-33
-1,543
8,998
10,l83r
_■*
-449
10,953
l,750r
-42
_*
1,667
-41
-*
1,713
-17
-*
1,708
-48
-•*
1,671
-18
1,589
-34
_•*
1,293
-45
1,432
-65
1,431
1,262
-46
-39
1,438
-37
-*
1,737
-37
-*
1,508
-41
-*■
4,683
-116
1,708r
1,626
1,696
1,659
1,652
1,555
1,248
1,367
1,385.
1,223
1,401
1,699
1,467
4,567
4,830
344r
-1
343r
252
-*
252
271
-1
218
282
-*
282
281
-*
281
311
-1
310
323
-2
321
266
-27
303
-2
300
258
-*
301
-1
239
982
-2
-*■
979
881
-2
258
-1
300
436r
-28r
-10
-117
5
-19
-131
350
-2
-12
336
5,170
-50
-4,*262
358
213
-22
-10
181
383
-10
-11;
362
362
-39
-11
312
194
-10
-24
160
442
-28
-18
395
377
-33
-18
1,012
-72
-60
326
880
891
-26
-34
830
1,776
-*
1,776
111
Ill
137
-*
137
2,127
-15
2,112
590
-■*
590
130
-*•
-2
2,722
-15
-2
2,102
-40
-
127
2,705
2,062
3,745
-100
-347
3,298
-1,136
33,906
2,801
44
-14J
2,831
-1,213
29,571
1,386
-74
-57
1.256.
-217
2,755
-26
-87
2,642
-436
2,879
-80
-361
2,438
-659
6,305
-51
-229
6,025
-4,207
11,939
-157
-677
11,105
-5,303
10,764
-87
-250
10,427
-4,799
30,996
34,000
33,083
31,891
98,973
94,014
-1,541r
398r
269
“
21*’
346
-23
-22
408
-36
-22
301
349
144
5
-11
138
1,627
53
-1
53
16
-*
16
1,605
-*
1,605
96
_■*
96
3,179
-13
-353
2,813
-1,441
30,725
3,154
-5
-5
3,143
-841
29,833
3,436
-6
-23
3,407
-1,814
29,054
3,374
-12
-5
3,356
-1,452
32,476
3,256
-25
-11
3,220
-1,449
28,410
-175
297r
-*•
297
-1
-1
879
5,637r
-72
-178
5,387r
-3IW tiF
31,959r
o
ts
a
tn
0
$
f
398r
-r
398r
VO
1,627
37
-*
-5'
32
3,026
-120
-253
2,652
-1,368
30,567
3
a
1
w
GO
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Monthly totals may not add to cumulative due to budget reclassifications.
* Less than $500,000.
r Revised.
NO
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS,
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Housing and Urban Development Department
Fiscal year
or month
1968............
1969............
1970........... .
1971............
1972............
1973............
1974............
1975...........
1976............
T.Q...........
1977 (Est.).......
1978 (1st.).....
1975-Dec.........
1976-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
July........
Aug.........
Sept........
Oct.........
Nov.........
Dec.........
Fiscal 1977 to date
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust
Fund
Federal
Federal
Supple
Hospital
mentary
Insurance ' Medical
Trust Fund Insurance
Trust Fund
Government National
Federal Mortgage#Assn.
Housing
Other Adminis
Partici
tration pation
Other
Sales
Fund
1,584
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
-913
-1,738
-2,268
591
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
“1,936
66
87
590
693
377
-146
1,338
3,642
1,897
1,181
67
227
3,222
-197
77
-345
244
221
222
531
148
-148
14
892
1,064
*
*
*
-1
-*
*
_
*
-
-177
-843
999
1,041
-102
50
127
27
-123
463
-236
-13
316
-393
-291
365
67
-67
20
-13
-36
-55
-60
98
95
-180
80
73
451
_
698
1,871
-909
-1,252
1,349
-1,010
-1,794
-170
257
248
-217
-151
-74
4
-83
97
-254
-152
-72
-380
-349
28
-1,707
-701
-319
604
—696
197 0
197 1
197 2
-
59
61
63
67
71
116
Fiscal 1977 to date..
253
-66
130
45
2
_
-3
*
179
63
-62
23
50
184
79
35
-121
8
-128
-93
155
-43
*
122
29
14
20
29
26
30
27
42
*
85
55
36
46
44
18
*
_
224
5
86
83
62
272
178
111
215
25
296
303
1975-Dec.........
1976-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June...... .
July........
Aug.........
Sept.........
•Oct.........
Nov...... .
Dec.........
-1
1
1
1
*
1
-*
*
2
*1
3
-2
-
-589
-747
-5
1,380
1,201
353
-566
-920
56
40
-
878
1,058
593
183
522
403
-5
14
20
38
-5
56
30
-37
16
47
-5
54
-4
_
_
_
*
_
257
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,218
356
197 4
197 5
197 6
T.Q...........
1977 (Est.).......
1978 (Est.).....
*
-4
*
39
-*
2
3
*
*
38
-10
6
-6
-43
28
’
-
Veterans
Administration
National
Airport
Department Service
and
Highway
Life
In
Other
Airway
Trust Fund
surance
Trust Fund
Fund
,
_
-7
-8
-8
-6
-8
-4
1
12
29
2
-24
-19
_
Transportation
Department
1968............
151
160
470
465
-369
197
-202
299
184
223
261
27
-107
-357
135
165
131
128
109
31
63
200
118
Federal
Civil
Deposit
Service
Insurance
Commission Corpora
tion
Federal
Savings
and Loan
Insurance
Corpora
tion
Federal
Insurance
Adminis
tration
:
1
2
2
-5
3
-2
Postal
Service
1
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
300
3,900
1
1
1
1
1
1
1
-1,138
288
-37
-720
-19
2,719
-1,028
3
-
-256
1 026
-667
-32
565
-707
-
-174
1
-50
_
Railroad
Retire
ment
Board
47
46
258
313
328
180
438
537
225
404
470
-128
883
371
265
283
173
196
148
257
378
316
368
135
310
401
1,370
-280
-292
-90
125
599
-151
-920
23
15
2
-1
208
293
183
-12
-168
1
-1
-1
184
12
13
1
7
5
195
34
4
-21'
-1
-1
-2
34
3
-1
-1
-3
-2
38
891
-105
-176.
-97
-261
-284
6,127
-374
-66
-315
-322
-127
958
-8
124
197
-29
-25
71
21
-11
16
-133
24
90
-99
20
12
82
18
19
-9
22
42
80
13
12
111
30
-170
-21
698 j -269
-140
1?4
60
-139
-180
-283
287
-116
-415
1,212
389
-293
-202
-38
412
-329
1,517
-192
-170
220
245
-61
499
206
33
509
-8
1
-2
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates a^e based on the 1978 Budget of the
U.S. Government, released January 17, 1977.
Note: Figures may not add due to rounding.
* Less than $500,000.
15
154
1,592
*
*
*
1,146
938
2
5
9
15
8
7
-47
9
10
873
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,182
5,753
-646
684
Other
488
-
-2
Unemploy
Other ment Trust
Fund
-10
-3
32
28
14
1
6
5
-8
12
2
Labor Department
135
59
268
-9
-110
24
-60
-290
-246
-660
50
23
-33
_•*
_
_
7
-1
.
All
other
-21
-204
237
-145
26
67
110
165
2,030
-1,682
220
236
388
291
281
61
26
35
-78
59
-1,719
-20
52
73
-8
118
7
-
_1
-1
Total
5,320
8,522
10,062
7,417
8,420
11,821
14,813
7,031
4,341
-3,514
8,346
12,748
1,611
-65
408
-706
54
4,581
5,905
-1,990
401
-1 925
-1,489
268
2,205
984
Table FFO-7. - Trust Funds Transactions October 1, 1976 through December 31, 1976
§-
(In millions of dollars)
&
Receipts
Classification
Total in
trust
funds
Trust
Interfund
interfund Receipts
trust trans
and pro of
actions
funds
prietary
1/
receipts
1/
(2)
(1)
Outlays
O)
Unified
budget
receipts Total_in Trust
interattrib- ~ trust
fund
utable
funds _ trans
to trust
actions
funds
2/
(4)
(5)
(6)
(7)
_
Federal Old-Age and Survivors
General Revenue Sharing........
Military Assistance Advances....
Railroad Retirement........ .
Veterans Life Insurance....... .
All other trust funds.........
Total....................
(8)
Outlays Federal
of trust payments Federal
funds
employer
and con contri
tribu butions
tions
-36
_
-
-36
-
-21
146
1,700
1,953
1,225
931
3,424
120
149
37,332
-
-
3
-21
146
1,700
1,953
-1,308
931
3,424
2
37
34,558
298
1,600
467
1,684
10
23,747
_
_
705
1
14
744
87
274
359
783
222
54
8,142
-21
59
1,700
1,678
-1,308
572
2,641
-220
-17
26,417
_
_
-
36
_
_
87
274
359
783
222
54
8,142
-36
_
_
-
_
49
1,358
-
385
1,874
826
2,468
222
64
31,889
_
_
688
3
2,533
118
112
2,771
560
485
1,496
*
2,300
-
-25
226
1,520
2,296
535
710
-
1,545
2,070
*
1,545
2,070
385
1,874
2,533
826
2,468
340
176
34,663
25
-
2,081
2,781
-
-1,668
-713
-342
1,067
187
372
*
_
15,674
2,436
3,058
198
26
40
2,081
2,784
1,520
1,876
316
554
611
103
142
17,558
2,751
3,612
2,533
-
118
112
2,771
-
250
-
36
-
2,639
-
-
952
87
274
109
78
222
4
3,807
Excess of
receipts
or outlays
(-)
(16)
17,550
2,751
3,612
14,006
1,722
2,715
U
VO
^1
(15)
8
*
*
1,876
316
554
Total
Unified
budget
outlays
attrib
utable
to
trust
funds
(14)
(ID
15,882
2,038
3,269
3
Other
(10)
8
*
*
-
Interest
and pro
fits on
invest
ments in
Federal
securities
(12)
(9)
15,8Q0
2,038
3,269
Federal Supplementary Medical
Federal Employees Retirement....
Federal Employees Life and
Health Benefits.............
Federal Deposit Insurance
Corporation................
Interfund transactions
Propri
etary
receipts
from the
public
(13)
_
_
21
239
-1,700
-79
1,308
-106
-956
220
27 j
-2,669
-------- \
Source: Based on Monthly Treasury Statement of Receipts and Outlays of
the United States Government.
Note:
The memorandum section of various tables in the Federal Budgets
presents the trust fund receipt and outlay data on the same concept as
columns (3) and (9) above. Trust interfund transactions are payments
from one fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The intragovernmental transactions
are payments from Federal funds to trust funds, and vice versa, but
1/
7j
j/
ij
*
exclude $£>0 million in trust fund payments to Federal funds.
For content see columns 7 and 8.
For content see columns 10-13.
Includes net taxes and other receipts, mainly deposits by States and
Federal employee retirement contributions.
Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
Less than $500,000.
Ul
o
>
o
►d
w
5
HH
o
as
CO
Table FFO-8. - Selected Accrual Data Reported by Federal Agencies for Period Ended June 30, 1976
(In thousands of dollars)
Balances as of June 30, 1976
Transaction data
Net
cash
outlays
Total.............................
Off-Budget Federal Agencies:
Export-Import Bank .................. .
Federal Financing Bank .............. ....
Housing and Urban Development .......... .
Labor ........... ....... .......... .
Postal Service ..... ................ .
Rural Electrification Administration ........
Rural Telephone Bank ............. .......
Elimination of interagency receivables and
payables... ................ ..... .
Total......... *..................
Receivables
From the public
Agency
Legislative Branch .......... .............
The Judieiaiy... ............. .........
Executive Office of the President... ........
Funds Appropriated to the President:
International security assistance.....
International development assistance ..... .
Other.... ........... ............. .
Agricultural Department.... ............. .
Commerce Department ......... ......... ....
Defense Department-Military........ .......
Defense Department-Civil... ......... .... .
Health, Education, and Welfare Department ........
Housing and Urban Development Department .........
Interior Department.......... ...... .
Justice Department ............. ...........
Labor Department ........................
State Department ........... .
Transportation Department............
Treasury Department:
Interest an the public debt........ .
Other..... ............ ••••••.... .
Energy Research and Development Administration ..,
Environmental Protection Agency............ .
General Services Administration.......... .
National Aeronautics and Space Administration ....
Veterans Administration... ................
Other Independent Agencies ............. ....
Undistributed offsetting receipts:
Federal employer contributions to retirement funds
Interest on certain Government accounts ........
Rents and royalties an the Outer Continental
Shelf Lands.......... .
Elimination of interagency receivables and
payables........................ .....
Payables
Current fiscal year to date
Quarter ended June 30, 1976
188,028
116,312
18,487
152,692
535,586
187,863
3,226,519
552,082
22,729,991
520,892
32,935,128
552,211
508,034
559,782
6,260,249
139,436
3,007,837
Net
change
in re
ceivables
and payables
Accrued
expend
itures
Net
cash
outlays
—
-2,087
184
2,649
1^5,942
116,495
21,136
325,021
79,224
-148,031
-72,792
-4,233
222,768
8,596
-594,469
145,541
4,661
462,794
183,629
3,449,287
560,678
22,135,522
666,434
33,343,248
563,616
590,051
1,194,814
6,581,203
138,530
2,259,697
1,101,398
1,669,360
753,934
12,796,311
2,020,005
88,036,155
2,124,252
128,784,967
5,820,050
2,293,480
2,241,574
27,001,463
1,061,820
11,936,056
408,120
31,404
82,017
635,032
320,954
-90b
-748,140
Net
change
in re
ceivables
and payables
—
Accrued
expeitditures
-895
754
324,126
79,978
681,120
1,061,215
21,344
-1,382,489
95,084
-77,359
-26,935
27,776
-114,595
-842,474
420,278
1,552,469
710,790
11,282,132
1,995,739
89,097,370
2,145,596
127,402,477
5,915,133
2,216,121
2,214,639
27,029,239
947,226
11,093,583
912,522
-409,578
-18,689
-368,490
392,683
-33,624
176,035
318,517
37,063,211
6,862,679
3,740,336
2,749,255
300,541
3,635,879
18,590,871
18,604,465
-
-116,891
-43,144
-1,514,179
-
24,266
11,118,347
2,075,141
1,117,833
720,536
-29,798
858,102
4,441,580
4,763,152
-1,543,753
-472,551
-92,350
-8,671
151,287
108,565
-67,232
3,535,505
9,574,594
1,602,590
1,025,483
711,865
4,374,348
8,298,657
36,150,689
7,272,257
3,759,025
3,117,746
-92,142
3,669,502
18,414,835
18,285,947
-1,381,376
-3,584,567
-3,140
652,337
-1,384,515
-2,932,229
-4,241,856
-7,800,071
-11,333
1,038
-4,253,188
-7,799,033
-954,788
609
-954,179
-2,662,448
23,212
-2,639,236
121,490
966,668
To the
public
—
5I7W
103
2,953
1,181,917
239,687
47,567
1,074,648
355,774
7,283,560
340,078
8,714,220
757,334
260,128
844,302
947,563
132,074
787,604
3,949,744
167,227
1,045,863
23,939
479,004
560,413
1,678,137
2,976,772
-2, 626,460
-2,626,460
2,551,195
2,551,195
-99,244
91,236,048
364,697,607
-78,854
364,618,752
33,902,199
103,425
45,987
-6,804
670
149,412
-94,934
-3,456
-776
293,572
84,904
20,259
746,175
5,914,895
-14,506
-21,824
1,206,697
212,835
93,291
-7,433
206,365
159
-1,469
567,760
5,466
1,978
738,742
6,121,259
-14,347
-23,294
1,774,456
94,693
511,817
1,113
255
1,275,172
1,981,989
2,754,815
1,9a, 989
10,892,377
88,130
-4,126
-756
756,523
81,874
. 17,280
-20
-462,951
3,030
2,979
-988,180
-1,405,289
-
988,180
-539,19$
Accounts
receivable
....
---W
186
1,525
515,345
60,180
120,412
92,139
129,249
4,373,265
89,834
482,998
994,322
76,946
16,111
162,676
56,982
104,907
281,614
58,979
60,654
673
695,672
123,266
30,367
564,817
Advances
119,870
119,306
13,534
425,130
21,854
326,092
28,830
192,806
140,305
144,872
3,772
565,156
26,703
48,355
-180
590,942
247,234
3,250
87,644
140,598
53,686
591,723
105
1,321
667
577,010
7,857
606,478
30,518
117,848
327
77,012
377
47,702
813,684
134,936
From
other
agencies
(includes
advances)
144,189
46
764
1,289,405
22,328
707
136,861
92,765
4,211,730
88,926
2,285,647
691,659
142,046
303,894
31,003
117,221
123,766
106,464
10,621
139,620
34,329
22,913
32,215
174,879
905,771
1,145,381
286,357
49,430
643,017
103,178
113,944
426,219
13,101
153,328
151,258
91,335,292
-
To
other
agencies
-12,557,638
-9,112,4
218,301
95,269
43,806
1,094
203,631
50,146
1,276
6,630,979
3,944
6,947
6,106
88,714
2,683
2
16,015
98
-6,686,770
1,8$3,054
494,024
2,474
175
5,833,783
-6,330,554
352,557
16,017
Source: Bureau of Government Financial Operations.
Note: Figures on accrued expenditures are developed from reports submitted to the Department of the Treasury by Federal agencies. Accrued revenues resulting from the Government's sovereign authority,
e.g., income and various employment taxes, and customs collections are not included in this report. Cash outlays and accrued expenditures are offset by revenues of a proprietary nature, e.g., marketoriented revenues or revenues derived from activities operated as business-type enterprises. Figures reported by agencies on receivables and payables may differ to some extent with reports on budget
status (S.F. 133 to 0MB) and budget results (TFS-2108 to Treasury) due to conceptual differences, e.g., deferred charges and advances to consolidated working funds are reported as receivables for this
table and as liquidated obligations f<5r budget reports. For certain agencies submitting flasji reports on cash transactions, the net cash outlays shown above may not be totally consistent with
comparable data published in the Monthly Treasury Statement.
w
a
H
50
>
tr*
co
o
>
tr*
O
V
m
5HH
sCD
f
to
s*
February 197 7
13
.FEDERAL OBLIGATIONS,
"Obligations” axe the basis on which the use of funds
of categories which are based upon the nature of 'the trans
They are recorded
action without regard to its ultimate purpose. All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order, delivery, payment,
in current operations or in the construction of capital items.
is controlled in the Federal Government.
consumption— which
characterize the acquisition and use of resources.
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
another; in doing so, the "buying” agency records obligations,
bursement of money.
and the "performing" agency records reimbursements. In Table
FO-1, obligations that are incurred within the Government are
The obligations!, stage of Government transactions is a
strategic point in gauging the impact of the Government's
distinguished from those incurred outside the Government.
Tables FO-2, 3* and b show only those incurred outside.
operations on the national, economy, since it frequently rep
resents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the
private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President’s
Commission on Budget Concepts.
The August through December 1976 Obligations data are not included
in this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
14
Treasury Bulletin
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, July 31, 1976
_____________________(In millions of dollars)______________________________________
Gross obligations incurred
Object class
Outside
Within
Total
4,225
Personnel compensation.....
Personnel benefits........
Benefits for former personnel.
4,225
708
829
310
829
Contractual services and supplies
Travel and transportation of persons.
Transportation of things.........
Rent, communications, and utilities..
Printing and reproduction........
Other services.................
Supplies and materials...........
152
163
209
320
606
83
4,961
3,678
201
11
3,360
2,735
Acquisition, 9^.C3Bit.^agS£ts
Equipment..............
Lands and structures.....
Investments and loans....
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends...........
Refunds......................
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
1,388
325
404
1,351
22
426
15
1,365
1,712
20,212
11,836
2
3,107
125
1,058
4,166
125
17
108
90
125
788
15
5,254
56,391
20,214
11,836
698
15
Gross obligations incurred l/.
51,137
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.')
Gross obligations incurred (as above)......
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts..................
Net obligations incurred...............
56,391
-7,173
-12,207
37,011
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, July 31, 1976
____________ (In millions of dollars)_______
Major object class
Major function
Personal
services
and
benefits
Contractual
services and
supplies
Acquisition of capital assets
Equipment
Lands and
structures
Investments
and loans
_
National defense..................
International affairs..............
General science, space, and technology..
Natural resources, environment, and
energy........................
Agriculture......................
Commerce and transportation..........
Community and regional development....
Education, manpower, and social services
Health.........................
Income security....... ...........
Veterans benefits and services.......
Law enforcement and justice.........
General government................
General revenue sharing............
Interest........................
3,564
39
68
4,012
44
318
1,310
3
2
140
1
5
582
234
55
306
43
98
55
316
282
99
205
*
-
1,211
115
117
16
98
262
204
95
27
100
*
3
26
7
16
*
183
1
55
6
*
5
*
4
224
127
369
*
Total..........................
5,364
6,622
*
Less than $500,000.
_
Grants
and
fixed
charges
638
43
9,696
1,008
407
-1
-15
79
-17
*
-6
-
2,013
657
1,129
1,981
4,100
3,701
18,415
2,197
329
501
2,098
__ .2,904
729
51,137
4
5
1
1
_
_
_
_
_
-
-
7
1,393
403
1,351
35,280
3
22
13
Total
32
296
13
356
277
429
1,563
3,900
3,379
17,870
1,780
201
191
2,098
2,895
4
2
3
15
1
Other
_
_
8
*
*
_
£
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, July 31, 1976
?Si
(In millions of dollars)
Personnel services & benefits
Classification
Legislative Branch 2/......... .....
The Judiciary......................
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
Other.................
Agriculture Department:
Commodity Credit Corporation.
Other......................
Commerce Department...........
Defense Department:
Military:
Department of the Army.....
Department of the Navy.....
Department of the Air Force.
Defense agencies...........
Civil defense..............
Total military.............
Civil...........................
Health, Education, and Welfare
Department......................
Housing and Urban Development
Department:
Government National Mortgage
Association..................
Other.........................
Interior Department...............
Justice Department................
Labor Department..................
State Department..................
Transportation Department..........
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing..........
Other...........................
Energy Research & Development Admin.
Environmental Protection Agency....
General Services Administration....
National Aeronautics and Space
Administration...................
Veterans Administration............
Other independent agencies:
Small Business Administration....
Tennessee Valley Authority.......
Other...........................
Total.,
Benefits
Personnel Personnel for
compen
benefits former
sation
personnel
V
1
Travel and
trans
Transpor
portation tation of
of persons things
*
*
Sup
plies
and
mate
rials
*
*
*
*
*
*
*
*
*
*
1
1
1
*
20
*
*
1
1
23
16
2
*
226
1 ,0 78
136
517
393
372
Printing
Rent, com
Other
munications, and
ser
repro
and
duction vices
utilities
8
«
3
-
-
*
«
*
*
-
1
6
2
_
*
*
*
*
*
1
#
*
_
_
-
*
1
69
U-7
*
1
-
.Acquisition of
Contractual services and supplies
2
*
10
2
*
*
3
*
7
1
gross
Insurance
Lands Invest Grants,
Undistrib Obliga
Interest
obliga
Un
subsidies claims
ments
Equip and
and
Refunds uted U.S. tions in vouch tions
and con
and indem dividends
ment
struc and
obliga
curred
incurred
ered
tributions nities
tures loans
tions
abroad
1
*
_
*
_
*
_
*
-
_
_
_
_
“
-
“
-
-
-
-
-
-
4
•
*
_
_
*
_
-
73
^9
*
*
-
5
3
-
-
*
-1
_
325
257
7
-
_
-
100
*
_
_
_
_
3
1
3
*
6
8,284
_
91
88
423
2
*
90
-
*
-
113
10
607
547
-3
*
17
16
-
33
-
1.264
76
801
881
815
81
4
114
1
39
30
36
55
34
27
108
26
-
11
2
22
97
l
*
642
*
5
*
n
2,595
303
647
82
118
132
4
1.874
1.414
53
*
*
2
*
2
*
113
8
5
197
1
2
7
7
10
1
128
7
5
26
*
*
*
164
_*
1
*
*
5
5
*
4
48
1
1
2
*
1
1
6
11
3
3
*
*
157
5
7
2
1
*
*
*
_*
*
*
*
4
5
21
*
*
-
2
2
452
*
U I
1
1
81
24
-
-
-
_
_
15
-
8
67
5
10
3
37
-
-
12
6
*
*
14
-
3
14
-
1
*
-
1
-
-
-
279
4,293
757
41
-
6
-
-
5A59
116
1,433
36
136
1,929
224
7
*
*
2
6
6
*
-
-
1,654
314
242
2,357
26
*
*
6
20
-
399
68
2
5
-
*
-
-
-
-
-
-
-
-
—
*
*
*
7
-8
3
*
2
50
42
5
64
1
2
1
1
48
_
276
"
_
2
*
~
5
1
1
18
*
*
53
6
8
*
~
286
_*
#
11
15
4
24
283
*
935
*
15
2
3,360
_
_
109
4
7
1
*
*
6
4,225
310
829
152
163
201
*
-*
#
.
*
38
19
2
*
-
-
*
*
*
38
Off-budget Federal agencies 2/
Export-Import Bank of U. S....
1
Postal Service..............
420
2
Rural Electrification Administration
revolving funds............
*
Pension Benefit Guarantee
Corporation...............
1
Total Off-budget Federal
422
2
______ agencies...............
Source:
Reports on Obligations, Standard Jbrms 225, from agencies.
-
*
*
*
25
2
7
46
31
*
7
43
1
61
1,939
3,336
4
-
46
7
-
6
-
*
452
*
95
-
2
4
-*
-*
#
-
*
*
3
-
-
*
«
195
9,152
172
*
-
45
8
3
-
1
1
*
-
1
1
-
12
-
*
*
7
-
-
-33
-
-
-
-
77
*
3
-
21
16
91
-
13
432
313
8
-
15
358
“
12
*
4
3
-
-
2
1
_
_
3
-
-72
23
*
*
*
5
-
167
-
_
*
104
&
Grants and fixed charges
-
108
-
1,776
620
226
6
*
-
*
I
4
165
11
628
I
7
2,562
1,333
7
9,177
2
7
*
-
*
-
294
2,868
-
2,868
-
27
-
-
-
-
27
-
-
-
-
-
1,776
30
*
**•7
*
-
10,202
9,334
-
-
-
-
-
_
_
.
-
-
_
-
511
-
283
3
*
-
-
-
-
-
322
*
4
-
-
-
-
217
5
5
_
*
.
_
_
_
_
_
19
266
745
-
-
“
8
-
357
1,425
_
62
25
-1
1
7
-
1,792
125
17
698
15
51,137
-
_
6
_
*
27
_
_
73
2
24
*
*
588
*
748
2,735
1,388
404
1,350
2 0 .2 1 2
11,836
5
9
5
9
-4?o
-
-
*
12
1
-
-
-
-
510
-
-
-
-
-
94
-
-
-
-
-
-
-
94
*
_
*
*
*
_
_
*
_
_
_
_
19
2
5
9
5
9
Note:
Agency shifts are shown in this table beginning with the periods of such shifts. The amounts for the complete fiscal year are adjucted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government exqept
2/
2/
_
326
18
-
18
8
3,107
13
*
-
17
1,099
-389
698
15
1
216
for the Department of Defense and Transportation Department, U.S. Coast Guard.
Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
Export-Import Bank since August 17, 1971, rural electrification and telephone revolving fund and Rural Tel
ephone Bank since May 12, 1973, and Postal Service since July 1, 1973.
*
Less than $500,000.
'sO
"v|
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
os
___________________________ (In millions of dollars)__________________________
Fiscal year 1976
T.Q.
Object class
National defense:
Personal services and benefits:
Personnel ben efits..........................................
Benefits fo r former personnel....................
Contractual services and supplies:
Travel and transportation of p e rso n s....
Transportation o f th in gs..............................
Rent, comrmmications, and u t i l i t i e s ........
P rin tin g and reproduction............................
Other services.......... ...................................
Supplies and m aterials..................................
Acqu isition of ca p ita l assets:
Equipment............ ..............................................
Lands and structures......................................
Investments and loans...................................
Grants and fixe d charges:
Grants, subsidies, and c o n trib u tio n s ....
Insurance claims and indemnities..............
In te re st and dividends.............. ..................
Refunds.......... ..................................................
Other:
Undistributed U.S. o b lig a tio n s..................
Obligations incurred abroad...................... ..
Unvouchered.................................................
To ta l national defense..................................
Non-defense:
Personal services and benefits:
Personnel compensation...................... ..
Personnel ben efits.................... .....................
Benefits fo r former personnel....................
Contractual services and supplies:
Travel and transportation of persons. . . .
Transportation of t h in g s .... ......................
Rent, communications, and u t i l i t i e s . . . . .
P rin tin g and reproduction ..........................
Other services..........................................
Supplies and m aterials...................... ..
A cq u isitio n of ca p ita l assets:
Equipment......................................................... ..
Lands and structu res.................. ..................
Investment and loans.................. ................ ..
Grants and fixe d charges:
Grants, subsidies and con tribution s........
Insurance claims and indemnities............ ..
In te re st and dividends.................... ........... ..
Refunds...............................................................
Other:
Undistributed U.S. o b lig a tio n s ................
Obligations incurred abroad........................
Unvouchered........................................................
Less than $500,000.
Mar.
Apr.
Ju ly
2,392
189
565
4,559
816
434
2,613
303
2,837
287
556
81
138
163
10
1,711
1,540
18
294
118
9
1,035
1,270
186
-14
165
22
2,343
1,919
83
120
156
176
180
179
10
1,586
361
-
1,171
191
-
842
203
-
2,211
722
-
1,310
2
134
-4
21
4
-128
10
6
5
20
4
5
5
3
-3
-7
5
-5
5
68
7
12
4
9
21
1
551
9
10,244
*
385
7
7,949
1
476
7
10,006
2
613
9
642
-6
9,441
7
7,538
8
-2,203
9
11,250
4
627
7
9,696
8
552
1
11,034
1,393
19
372
1,682
-32
21
1,551
13
228
1,521
4
130
1,483
1
-1,344
1,634
6
3,550
1,612
7
181
1,263
6
254
68
33
100
29
954
417
65
33
128
35
703
350
44
118
42
1,353
441
64
62
-7
100
29
609
315
89
108
116
13
1,744
1^543
69
43
46
6
89
49
152
35
ij3 ii
$7(5
Jan.
2,463
192
-86
2,094
212
1,200
2,104
194
602
2,673
763
603
2,204
254
604
2,355
235
910
2,806
265
709
72
85
111
7
1,382
1,386
56
132
115
7
2,108
1,247
91
196
281
17
1,694
2,087
-16
1
2
-1
897
958
130
273
158
6
1,690
2,055
49
148
115
6
1,397
1,271
73
120
134
7
2,423
1,427
1,730
105
-
1,021
233
-
1,199
112
*
828
16
*
925
172
-
1,170
119
-
1,206
150
-
2
-23
3
*
3
12
-3
-13
10
89
1
17
12
28
3
4
3
-80
11
9
7
10
4
20
8
449
21
7,812
-3
569
8
8,237
-3
502
8
9,270
4
546
7
11,034
-7
546
-1
9,737
1,263
6
254
1,173
6
909
2,032
7
829
964
9
249
1,754
15
1,246
Oct.
2,837
287
556
2,424
286
589
2,329
27
681
176
180
179
10
2,642
2,218
34
189
145
6
2,283
1,424
1,160
150
8
45
3
21
&
552
1
89
49
152
89
32
62
11
1,343
6,341
1,260
19
-800
51
6
128
May
period
FT 1976
June
Bee.
Sept.
648
5
2,231
1,417
140
*
M B
1,160
150
8
45
3
270
10
78
14
1,135
326
172
287
1,015
11
-5
2,875
94
304
794
-88
164
1,144
373
192
704
110
29
358
121
178
2,019
97
440
843
904
6
817
-37
106
1,470
76
260
1,073
469
672
4,111
78
264
1,351
172
287
1,057
6,583
5,021
2,884
2,188
94
11,448
23,127
2,403
107
4,592
9,196
2,415
107
5,871
9,300
2,586
102
17,902
8,625
2,408
-29
6,488
11,327
2,827
296
4,002
13,357
2,556
135
4,502
23,217
2,728
111
12,589
12,145
2,621
110
5,911
10,767
2,460
102
16,787
1,037
2,369
109
20,205
11,824
3,104
116
2,249
85
-382
-169
18
-108
58
6
-87
57
8
385
249
11
-2,705
71
10
-86
50
10
-308
27
8
322
75
7
42,931
50,743
19,745
27,982
25,774
28,782
35,123
27,003
37,"245.... 1
24,429
32,378 '
-1,332
263
9
20,838
28,377"
623
25
16,195
25,932
595
59
12
33,390
’?2,83I
J i
1,422
2,249
85
587
54
1
14,987
26,021
*
Feb.
Nov.
Aug.
Ju ly
110
9
633
210
183
-2
1,638
995
"S3
483
877
-16
82
144
1,315
422
a
35,044
35,793
45,799
-1
35,005
4b,
13
71
8.
41.442
51,1^7 “
6,583
1,422
587
54
$
14.987
26,021 r
1
1
to
S.
February 197 7
17
____________________ ACCOUNT OF THE U.S. TREASURY______________________
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash o f the Treasury i s held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury’ s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt secu rities entered
As the balances in these accounts become depleted, they are
fo r th e ir own account as w ell as fo r the account o f th eir
restored by ca llin g in (tran sferrin g) funds from the tax and
customers.
The tax and loan account system permits the Treasury to
loan accounts with thousands o f commercial banks throughout
leave funds in banks and in the communities in which they arise
the country.
u n til such time as the Treasury needs the funds for i t s opera
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to a l l
tio n s .
In th is way the Treasury i s able to n eu tra lize the
banks whereby customers o f banks deposit with them tax pay
e ffe c t o f i t s fluctuating operations on bank reserves and the
ments and funds fo r the purchase o f Government s e c u r itie s .
economy.
A detailed description of the Treasury’ s depositary system-
In most cases the transaction involves merely the transfer o f
money from a customer ’ s account to the tax and loan account in
may be found in the Annual Report o f the Secretary o f the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(In millions of dollars)
End of
fiscal year
or month
Treasury operating balance 1/
Av*ailable funds :Ln
deinand accounts it:
Special
Total
Federal depositaries, Other
2/
Reserve Treasury tax deposi
taries 2/
banks
and loan
accounts
Funds in process
of collection
through:
Federal
Reserve
banks
Other
deposi
taries i j
Time deposits
and other
interestbearing
demand
accounts
Other
demand
accounts
5/
Coin
currency
and coinage
metal
Miscel
laneous
items
Gold
balance
86
104
121
111
112
111
109
107
107
106
_
-
6,694
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
_
_
_
_
_
“
7,867
9,591
13,321
13,214
8,834
12,803
9,316
16,065
11,167
12,751
18,597
14,237
9,944
13,288
15,002
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
197-4...........
1975...........
1976...........
T.Q...........
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,975
13,299
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,475
2,854
4,119
139
106
88
343
7
-
5,298
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
352
393
355
419
252
243
276
369
235
184
_
179
117
135
76
55
-18
190
158
218
187
54
41
19
35
70
195
-
768
553
277
441
471
586
602
752
1975-Mar........
1975-Dec........
1976-Jan........
Feb........
lifer........
4,271
7,286
10,077
10,350
7,145
9,808
6,746
11,975
8,741
10,794
13,299
10,239
6,766
10,393
11,397
2,142
1,159
1,899
1,682
864
1,723
1,407
2,854
1,314
907
4,119
1,799
1,891
1,277
1,292
220
7
7
7
7
7
7
7
-
6,633
8,452
11,982
12,039
8,016
11,537
8,159
14,836
10,054
11,702
17 ,a s
112,038
, 8,657
I11,670
'
12,688
161
162
183
168
147
450
163
235
135
118
184
168
218
70
214
97
52
153
89
56
152
56
55
-8
-14
-18
-18
-36
-34
-18
184
9
7
4
-296
-298
40
70
74
79
90
93
92
90
89
_
_
_
127
127
105 6/
1,188 6/
227
727
1,227
717
868
907
878
878
879
852
819
787
741
818
767
784
760
796
May........
June.......
July.......
Aug........
Sept.... .
Oct........
Nov........
Defe........
1977-Jan........
-
819
818
108
129
70
54
46
50
75
49
89
36
33
83
46
50
-3
-2
*
*
1
4
4
U
Balance in
account of
the U.S.
Treasury
1
Source: Bureau of Government Financial Operations.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2/ Will not agree with Daily Treasury Statement due to rounding.
4/ Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
"miscellaneous items" column.
2/ Represents demand deposits in National, Foreign, and other bank depositaries previously included in time deposits.
6/ Includes monetary assets in transit between Federal Reserve banks and
other depositaries.
2/ The free gold balance can be readily converted to available funds with
Federal Reserve banks,
* Less than $500,000.
18
Treasury Bulletin
APnnnMT OF THE U.S. TREASURY Table UST-2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
and
savings
notes 2/
1968....... :....
2“ 673
1969...........
2,599
1970........... * 2,573
1971........... . 2,844
1972...........
3,309
3,261
1973...........
3,095
1974............
3,366
1975...........
1976...........
3.676
910
T.Q.............
1974-Dec.........
1975-Mar........
1976-Jan........
Feb........
Mar........
Apr........
May.........
June.... .
July........
Sept........
Oct........
Dec........
1977-Jan........
247
299
351
336
361
349
336
299
315
318
277
280
283
309
355
Retire
ment
plan and
tax and
loss
bonds 2/
5
4
5
5
5
9
9
_
_
_
-
Tax
antici
pation
securities
Other
9,538 ~ ~~9,576
10,408
5,417
3,640
13,043
12,421
6,954
9,369
6,443
6,158
4,413
8,255
817
1,514
1,383
39 6(
Withheld,
excise
and cor
poration y
Income (by
special
arrange
ment) J5/
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
_
_
- j
-
-
20,857
21,526
15,718 '
17,296
22,239
22,202
17,860
26,543
17,613
18,474
22,370
17,032
17,730
24,300
-
-
-
18,583
_
_
During period
Taxes
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
y - Taxes eligible for credit consist of those deposited by taxpayers in
TotajL
credits
~ 112,J§3~
_
21,143
21,825
16,069
17,632
22,600
22,551
18,196
26,842
_
_
—
End of
period
High
_
-
_
With
drawals
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
17,928
18,792
22,647
17,312
18,013
24,609
18,938
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,456
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
4,113
4,525
6,929
<7,372
7,634
8,433
6,152
1,473
2,856
4,118
19,957
20,095
15,327
17,859
23,410
21,696
18,518
25,387
19,472
19,190
19,443
19,625
17,932
25,218
2,749
2,140
1,905
1,678
868
1,723
1,401
2,856
3,851
3,735
2,202 ,
2,963
3,233
2,690
2,789
4,260
1,312
914
4,118
1,805
1,886
1,277
18,924
1,291
2,519
2,912
4,456
2^319
2,627
4,229
2,891
Low
1,029
709
894
846
1,737
800
520
7
67
287
Average
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
2,097
1,392
371
64
249 1 1,311
1,137
1,959
457
1,410
232
1,058
1,501
693
351
1,793
290
1,200
287
1,469
341
2,066
610
1,519
300
1*534
335
1,519
1,402
305
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 1*>, 196S
and FUTA taxes beginning April 1970.
£/ Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
6/ Credits erroneously allowed in one Federal Reserve district.
February 197 7
19
ACCOUNT OF THE US. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets
End of calendar year or month
Gold liabilities l/
Ounces
1967...........................
1968...........................
1969...........................
1970...........................
1971...........................
1972...........................
1973...........................
1974...........................
1975...........................
1976-Jan.......................
Feb.......................
Mar..................... .
May.................. .....
Dec...................... .
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3*
273,954,660.5
275,968,413.1
274,705,260.3
274,704,195.4
274,703,190.0
274,703,190.0
274,699,560.6
274,697,206.6
274,695,995.8
11,982
10,367
10,367
10,732
10,132
11,567 2/,
11,652
11,5991/
11,599
11,599
11,599
11,598
11,598
11,598
11,870
10,256
10,256
10,623
10,019
10,303
11,460
11,652
11,599
11,599
11,599
11,599
11,598
11,598
11,598
274,695,995.7
274,696,062.3
274,685,167.8
274,685,167.8
274,679,167.8r
274,679,167.8
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
276,112,683.9
11,658
11,658
Source: Circulation Statement of United States Money through 1965;
Daily Treasury Statement thereafter.
1/ Consists of: Gold certificates (Series 1934) issued only to Feder
al Reserve hanks; gold certificates fund-Federal Reserve System;
gold deposited by and held for the International Monetary Fund from
September 19, 1965 through February 15, 1972; redemption fund for
Federal Reserve notes until March 18, 1968 when it was combined with
the gold certificate fund pursuant to P.L. 90-269, approved March
18, 1968, and gold reserve against U.S. notes until March 18, 1968
when it was transferred to the public debt also pursuant to P.L.
90-269.
2/ As of December 9, 1974, gold certificates have been issued to the
Federal Reserve against all of the gold owned by the United States
Government.
2/ Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million. Gold assets were valued at $38 per fine troy ounce unr-
Balance of gold in
U.S. Treasury account 2/
Dollars
10,410 2/
112
111
112
109
113
107
107
_
“
-
-
til October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
4/ Figures prior to December 1974 exclude gold held by the Exchange
Stabilization Fund. On December 9, 1974, Treasury acquired all gold
held by the Exchange Stabilization Fund in the amount of 2,019,751
fine troy ounces. See "International Financial Statistics," Table
IFS-1.
j>/ At the auction of January 6, 1975, bids ranging from $153 to $181
were accepted for delivery of 754,000 ounces. At the auction of
June 30, 1975 bids were accepted for delivery of 499,500 ounces at
the single price of $165,05 per ounce. Redemptions of Gold Certi
ficates have been made to the same extent as deliveries computed at
the official price.
r Revised.
20
Treasury Bulletin
_________ MONETARY STATISTICS_______
Table MS-1. - Currency and Coin in Circulation
(In millions of dollars except per capita figures)
End of
fiscal year
or month
1968.......................
1969.......................
1970.......................
1971.......................
1972.......................
1973.......................
1974.......................
1975.......................
1976.......................
1974-Dec....................
1975-Mar....................
1975-Dec....................
1976-Jan....................
Feb....................
Mar....................
Nov........ ...........
Currencies no longer issued
Federal
Reserve
bank
notes
National
bank
notes
Currencies presently
being issued 1/
Gold
certifi
cates '2/
Silver
certifi
cates
Federal
Reserve
notes 2/
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes y
Total
currencies
59
57
55
54
53
52
51
50
50
49
51
50
21
20
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
4
3
3
3
3
3
3
225
223
220
218
215
213
212
211
210
209
211
211
1
1
1
1
1
1
1
1
1
1
1
1
*
*
•*
*
*
*
*
*
*
*
•*
*
299
294
297
321
320
320
321
322
322
322
322
322
41,722
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
70,804
69,115
42,331
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
71,411
69,722
50
50
50
50
50
50
50
20
20
20
20
20
20
20
20
20
20
20
20
20
3
3
3
3
3
3
3
3
3
3
3
3
3
210
210
210
210
210
210
210
209
209
209
’ 209
209
209
1
1
1
1
1
1
1
1
1
1
1
1
1
*
•*
*
*
*
*
*
*
*
*
*
*
*
322
322
322
322
322
322
322
322
322
322
322
322
320
76,981
73,691
74,265
75,854
76,758
77,882
79,028
77,588
74,297
74,871
76,459
77,364
78,487
79,634
79,673
80,175
80,201
80,916
83,557
84,234
49
49
49
49
.49
49
79,069
79,571
79,597
80,313
82,954
83,631
Coin
End of
fiscal year
or month
Dollars
Fractional
coin
Total
Total Currency
and Coin in
circula
tion 5/
Currency and Coin in
circulation
per capita
(in dollars) 6/
T.Q........................
482
482
482
482
633
705
765
816
9a
951
4,827
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
5,309
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,244
9,348
47,640
50,936
54,351
58,393
62,201
67,771
73 833
81*196
88,877
89,548
224.55
250.65
265.39
282.03
297.84
322.11
-3/a //
380.06
413.17
415.37
1974-Dec....................
1975-Mar....... 1............
793
804
7,539
7,535
8,331
8,339
79,743
78,061
374.74
366:26
904
911
918
923
930
935
941
944
948
951
955
959
966
8,056
8,023
8,041
8,114
8,187
8,235
8,303
8,331
8,372
8,397
8,422
8,487
8,518
8,960
8,934
8,960
9,038
9,118
9,170
9,244
9,275
9,320
9,348
9,377
9,446
9,483
86,547
83,231
83,831
85,498
86,481
87,657
88,877
88,948
89,494
89,548
90,293
93,003
93,717 2/
403.60r
387.77
390.37
397.94
402.30
404.72
413.17
413.19
415.40
415.34
418.52r
430.83
433.84
1970.......................
1974.......................
1975.......................
1975-Dec.....................
1976-Jan.....................
Feb.....................
Mar.....................
May.....................
June....................
July....................
Sept....................
Oct.....................
Nov.....................
Source: Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
y
Issued on and after July 1, 1929.
5/ Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
7/ Highest amount to date.
* Less than $500,000.
r Revised.
February 197 7
21
in?.nir.i>AT. n B B T
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Total 1/
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
...............
1974-Dec...........
1975-Mar...........
1975-Dec...........
1976-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
July..........
Aug...........
SePt..........
Oct...........
Nov...........
369,769
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,285
645,748
503,987
520j687
587,584r
595,307
604,777
611,391
612,843
621,533
631,285
635,260
644,394
645,748
649,276
656,282
664,794
Public
debt
securi
ties i/
Securities held by:
The public 2/
Government accounts
Agency
securi
ties
24,399
14,249
12,510
12,163
10,894
11,109
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
12,012
10,943
10,853
11,047
620,432
634,701
492,664
509,659
576,649
584,405
593,871
600,490
601,973
610,672
11,323
11,028
10,935r
10,902
10,907
10,901
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
620,432
624,546
633,328
634,701
637,603
644,639
653,543
Total
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
143,184
140,403
141,300
141,234
141,733
141,026
141,080
145,660
151,566
149,576
149>977
148,052
146,563
146,831
149,037
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
Public
debt
securi
ties
Agency
securi
ties
76,138
84,815
95,170
3,001
2,846
2,553
2,251
102,888
111,460
2,100
123,385
1,996
138,206
1,988
145,283
149,611
146,105
1,942
1,955
1,947
141,207
138,458
139,343
139,279
139,776
139,067
139,122
143,704
149,611
1,976
1,944
1,956
1,956
1,957
1,959
1,958
1,956
1,955
1,950
1,949
1,947
1,946
1,940
1,938
147,626
148,028
146,105
144,617
144,891
147,098
Public
debt
securi
ties
Total
Agency
securi
ties
21,398
11,403
9,956
9,911
8,794
9,113
10,024
290,629
279,483
269,231
284,880
304,328
323,770
343,045
346,053
396,906
479,719
497,696
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
360,804
380,284
446,284r J
454,072
463,045
470^365
471*763
475^872
479,719
351,457
371,201
437,305
445,127
454,095
461,423
462,851
466,968
470,821
9,347
9,083
8,979r
8,946
8,950
8,942
8,912
8,904
8,898
485,683
494,417
497,696
502,713
509,451
515,757
476,920
485,300
488,596
492,986
499,748
506,445
8,764
9,117
268,080
9,001
8,898
9,100
9,100
9 726
9*703
9,312
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
r Revised.
ZJ Includes holdings of Federal Reserve Banks.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
End of
fiscal year
or month
Total
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
(Dollar amounts in millions)
Computed annual interest rate
Marketable issues
Nonmarketable
Total
Bills
Government
interestTreasury
Certifi
account
bearing
Federal
Notes
bonds
Other
lj
Total
cates
series jSj
public
Treasury 2J Financing
debt 1/
Bank
----97294"
----3
;
681—
---3.876—
----*7*39-5
.
V
11
'
4.757
4.499
3.722
5.668
3.979
4.555
5.232
6.508
4.891
3.762
6.420
4.327
5.235
5.986
7.340
5.557
4.608
5.375
4.516
3.759
6.519
5.210
5.141
4.018
4.636
5.475
6.312
4.188
5.099
5.093
5.138
5.880
6.412
4.393
5.872
6.129
6.591
6.430
4.755
6.529
7.030
8.416
5.374
6.560
5.387
7.058
5.339
6.614
6.352
6.253
6.533
5.452
6.789
7.352
5.654
5.819
6.436
_6.559
_
_
5.811
5.487
7.356
6.871
5.784
6.478
6.591
1968..............
344,401
351,729
1969..............
369,026
1970..............
396,289
1971..............
425,360
1972..............
1973.............. , 456,353
1974.............. . 473,238
532,122
1975..............
1976.............. , 619,254
633,560
15,404
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
1975-Mar........... . 508,581
1975-Dec..........
575,657
1976-Jan..........
581,861
Feb..........
592,874
Mar..........
599,224
Apr..........
600,927
May..........
608,077
June.........
619,254
July.........
623,580
Aug..........
632,291
633,560
S e p t.......................
Oct...............
635,062
Nov...............
643,643
Dec...............
652,457
652,980
32^541
37,336
37,287
37,878
38,081
38,081
6.459
6.551
6.470
6.449
6.415
38,601
6.407
6.436
6.445
6.474
6.478
6.469
6.457
6.312
6.281
39,494
39,828
40,578
40,683
40,730
41,212
40,845
40,687
6.382
6.757
6.776
6.666
6.625
6.568
6.518
6.551
6.559
6.555
6.589
6.591
6.572
6.532
6.418
6.374
7.052
6.548
6.275
6.068
5.935
5.792
5.796
5.819
5.770
5.754
5.784
5.724
5.629
5.387
5.276
Source: Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be p$id if each interest-bearing issue outstanding at the
end of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.The average annual rate is computed
by dividing the computed annual interest charge for the toxdl, or tor
any group of issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based on
_
-
_
-
-
-
-
-
-
-
-
_
-
-
6.960
7.270
7.274
7.347
7.323
7.324
7.377
7.352
7.350
7.387
7.356
7.359
7.326
7.279
7.265
5.083
5.533
5.537
5.581
5.586
5.591
5.649
5.654
5.677
5.799
5.811
5.814
5.867
5.872
5.877
5.368
5.412
5.399
5.097
5.126
5.432
5.444
5.452
5.472
5.459
5.487
5.554
5.679
5.551
5.548
6.560
6.770
6.713
6.727
6.708
6.702
6.700
6.789
6 .84I
6.880
6.871
6.858
6.832
6.565
6.564
the rate of effective yield for issues sold at premium or discount.
Prior to that date dt was based on the coupon rate for all issues.
1/ As of July 1974, includes Federal FinanoingBank.
g/ Excludes Federal Financing Bank.
2/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
4/ On United States savings bonds the rate to maturity is applied
against the amount outstanding.
j>/ As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.,
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts pre
viously shown as special issues.
22
Treasury Bulletin
_ _ _ _ _ _ _ _ FEDERAL DEBT_________
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Marketable
End of
fiscal year
or month
19b8........
1969........
1970........
1971........
1972........
1973........
1974........
1975........
1976........
T.Q........
1975-Mar....
1975-Dec.....
1976-Jan.....
Feb.....
Mar.....
Apr....
JMay......
June....
Aug.....
Sept....
Oct.....
1977-Jan.....
Total
interestbearing
public
debt
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
508,581
575,657
581,861
592,874
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
Total
Bills
1/
226', 992
64,440
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161,505
299,989
363,191
369,316
378,773
385,296
386,444
123,972
157,483
159,645
162,088
163,140
161,764
388,021
161,840
392,581 161,198
397,719 161,399
404,314 161,433
407,663 161,505
408,590 161,545
415,399 161,711
421,276 163,992
423,995 164,005
Nonmarketable
Certifi Treasury Treasury
cates
notes
bonds
:
-
-
_
_
-
-
-
-
Total
U.S.
savings
bonds
Invest
ment
series
. 71,073
78,946
93,489
104,807
113,419
117,840
128,419
150,257
191,758
206,319
91,U79
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
1JL7,tSU&
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
2,51b
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
141,915
167,077
171,110
177,576
183,143
185,757
186,473
191,758
197,204
202,979
206,319
207,275
212,986
216,669
219,474
208,592
34,103
212,466
38,631
38,562 ’ 212,544
39,110
214,100
213,928
39,014
38,922
214,484
39,708
220,056
39,626
226,673
225,861
39,115
39,902
227,977
225,897
39,839
226,472
39,769
40,702
228, 243
231,181
40,615
40,516
228,985
64,371
67,464
67,826
68,170
68,567
2,268
2,265
2,265
2,264
2,264
2,263
2,263
2,263
2,262
2,262
2,262
2,262
2,262
2,262
2,262
Source: Monthly Statement of the Public Debt of the United States.
1/ As of July 1974, includes Federal Financing Bank.
2 j Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September I964, sold to
foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962- April 1967; and
68,968
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
72,234
Depos
itary
series
30.
28
25
23
22
19
16
06
9
9
Foreign government
series
Foreign
Dollar
currency
denomi denomi
nated 2/ nated 2/
1,703
3,389
7,606
16,913
26,781
23,412
21,617
19,901
19,215
22,370
10
10
10
20,002
20,090
19,966
20,070
20,013
19,916
19,901
19,758
19,368
19,215
20,691
20,908
20,753
20,689
Other
u
2,001
17
*
9
9
9
9
9
9
9
9
8
8
Govern
ment
account
series
59,526 r 782
66,790
564
1,656
76,323
82,784
3,389
89,598
1,322
101,738
1,407
2,002
115,442
124,173
1,361
130,557
2,611
128,640
3,419
2,367
1,366
1,664
2,072
1,743
1,599
1,599
1,599
1.
116,812
119,^8^
1,599
1,599
1,599
1,599
1,599
1,599
1 *59?
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
119,0a
120,105
119,438
119,453
124,570
130,557
128,912
130,591
128,640
127,162
127,405
129,744
126,810
1,155
1,787
1,801
1,864
1,980
2,177
2,305
2,611
2,893
3,069
3,419
3,635
4,573
5,014
5,461
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
4/ As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
* Less than $500,000.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
End of
fiscal year
or month
Amount
outstanding
privately
held
Maturity classes
Within
1 year
66,746
69,311
76,443
74,803
79,509
84,041
87,150
115,677
150,296
153,302
100,298
108,508
1-5
years
52,295
50,182
57,035
58,557
57,157
54,139
50,103
65,852
90,578
94,845
54,206
61,203
5-10
years
Average length 1/
10 - 20
years
20 years
and over
21,850
18,078
8,286
14,503
16,033
16,385
14,197
15,385
24,169
31,247
6,110
6,097
7,876
6,357
6,358
8,741
9,930
8,857
8,087
7,939
12,670
12,337
8,272
7,645
6,922
4,564
3,481
4,611
6,652
7,262
13,512
14,772
8,709
9,168
4,274
4,079
2 yrs.
2 yrs.
9 mos.
8 mos.
5 mos.
4 yrs. 5 mos.
4 yrs. 2 mos.
3 yrs. 8 mos.
3 yrs. 6 mos.
3 yrs. 3 mos.
3 yrs. 1 mo.
2 yrs. 11 mos.
2 yrs. 8 mos.
2 yrs. 7 mos.
2yrs.
9 mos.
1974-Dec...........
1975-Mar...........
159,671
156,008
157,910
161,863
165,978
167,869
164,862
210,382
279,782
294,595
181,000
197,731
1975-^Dec...........
255,860
150,116
74,657
16,689
8,524
5,876
2 yrs.
1976-Jan...........
Feb............
Mar... ...... .
Apr...........
May............
June...........
July...........
Aug............
Sept...........
Oct............
259,831
270,625
276,434
275,520
278,929
279,782
289,044
293,627
294,595
296,211
307,309
307,820
152,077
151,875
154,258
153,4a
153,464
150,294
156,595
153,304
153,302
155,179
158,422
157,453
75,179
82,484
86,214
86,198
18,310
21,707
21,538
21,597
24,336
24,169
26,694
31,523
31,247
33,922
31,349
31,017
8,466
5,800
6,142
6,074
6,042
6,716
6,654
6,654
7,a8
7,262
7,419
8,345
8,209
2 yrs. 5 mos.
2 yrs. 6 mos.
2 yrs. 5 mos.
2 yrs. 5 mos.
2 yrs.' 7 mos.
2 yrs. 7 mos.
2 yrs. 6 mos.
2 yrs. 10 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
2 yrs. 10 mos.
2 yrs. 9 mos.
1968....... !......
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
86,242
90,578
91,042
93,396
94,845
91,795
101,684
103,742
Source: Office of Government Financing in the Office of the Secretary.
1/ Beginning with the September 1976 Treasury Bulletin the average length
8,a7
8,350
8,242
8,172
8,087
8,059
7,986
7,939
7,897
7,511
7,399
of the interest-bearing marketable public 3ebt is computed on that
part of the outstanding public debt privately held.
February 197 7
23
__________FEDERAL DEBT____________
Table FD-5. - Government Account Series
(In millions of dollars)
'
Federal
Federal
Exchange
employees
Stabilization Deposit
retirement
Insurance
Fund
funds
Corporation
Federal
disability
insurance
trust fund
Federal
Federal Home
Energy
Administration Loan Banks
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
End of
fiscal year
or month
Total
Airport and
Airway
trust fund
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
l.Q...........
59,526
66,790
76,323
82,784
89,559
101,738
115,442
124,173
130,557
128,640
_
878
1,936
2,529
2,712
722
1,242
1,424
2,934
2,364
1,451
1,512
1,529
174
120
74
156
274
263
436
1,367
2,692
3,429
1975-Mar........
1975-Dec........
1976-Jan........
Feb........
Mar........
Apr........
May........
June.......
1,651
2,201
2,256
2,292
2,338
2,382
Oct........
Nov........
Dec........
1977-Jan........
116,812
119,385
119,041
120,105
119,438
119,453
124,570
130,557
128,912
130,591
128,640
127,162
127,405
129,744
126,810
2,529
2,588
2,649
2,712
2,779
2,850
2,966
2,579
1,485
1,491
816
1,501
1,503
1,507
1,512
1,518
1,522
1,529
1,534
1,601
2,050
3,005
2,049
End of
fiscal year
or month
Federal Supp.
medical ins.
trust fund
Federal Sav
ings and Loan
Insurance
Corporation
Government
life insur
ance fund
Highway
trust fund
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
m.Q..........................
281
358
13
257
478
700
531
1,378
1,230
1,244
36
73
80
89
139
81
129
907
1,593
1,885
876
842
797
758
717
690
651
604
569
560
978
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
5,856
5,754
5,915
6,068
6,115
6,427
6,605
6,716
6,931
6.956
_
963
820
385
53
277
771
3,303
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715*
_
836
790
780
8,807
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345?
585
655
1,199
2,127
2,470
4,332
5,076
1975-Mar........
1975-Dec........
1976-Jan........
Feb........
Mar........
Apr........
1,449
1,442
1,375
1,394
1,381
1,345
1,290
1,230
1,328
1,424
1,244
1,324
1,397
1,848
714
J,165
1,177
1,473
1,491
1,510
1,571
1,593
1,635
1,873
1,885
1,898
2,009
2,039
2,076
602
594
593
572
568
564
560
569
567
563
560
556
552
562
8,677
8,693
8,756
8,694
8,717
8,767
8,951
9,030
9,065
8,944
8,952
8,824
8,731
8,885
9,055
6,548
6,929
6,917
6,748
6,749
6,748
6,747
6,931
6,943
6,956
6,956
6,963
6,968
7,162
207
294
665
525
584
300
588
277
561
359
771
2,288
2,118
2,296
2,063
2,758
2,545
2,276
2,501
2,362
2,184
2,074
3,375
3,081
3,044
2,715
2,522
2,743
2,682
845
873
935
934
904
879
880
799
808
805
780
787
739
816
5,540
981
1,268
1,250
530
511
3,231
2,203
1,948
3,011
2,345
2,313
2,878
2,171
1*963
3,437
3,500
3,801
3,992
3,998
4,276
4,332
4,608
5,108
5,076
5,134
5,382
5,283
2,469
783
1,245
5,143
Aug........
June.......
July.......
Aug........
Sept...... .
Oct........
Nov........
Dec........
1977-Jan........
1,854
2,400
558
35,525
40,333
39,607
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
_
1,712
_
152
52
199
44
62
*
_
-
1,259
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
19,221
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
1,079
1,832
1,956
2,354
2,352
2,327
2,671
2,692
2,770
3,562
3,429
3 453
3,658
3,559
31,105
35,451
35,290
35,064
34,907
34,635
34,361
40,383
40,095
39,928
39,607
39,278
39,077
40,073
7,639
7,041
6,823
6,672
6,598
6,602
6,519
6,616
6,362
6,210
6,138
5,758
5,410
5,437
_
1,201
1,485
1,690
1,704
1,717
1,715
1,712
1,738
-
_
_
-
9,259
10,450
10,348
10,398
10,525
10,552
10,429
10,892
10,656
10,643
10,959
10,566
10,276
10,641
34,195
32,772
31,929
32,927
32,232
32,929
34,800
33,891
32,639
33,988
32,978
31,184
31,014
31,270
3,657
39,850
5,254
10,378
30,145
Source: Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1974 title of this table was "Special Public Debt
Issues11.
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen’s group life insurance fund from August 1969-January
1973; employees health benefits fundbeginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
15,668
17,354
18,931
21,644
24,691
27,894
31,201
National
service life Postal
insurance
service fund
fund
7,223
Railroad
retirement
accounts
Treasury
deposit
funds
Unemployment
trust fund
Other
1/
302
414
484
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NOAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HUD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessments fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund, HEW; U.S. Naval
Academy Gift Fund; U.S. Naval Academy Museum Fund; War Risk Revolv
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman memorial schol
arship fund; Special Investment Account.
*
Less than $500,000.
Treasury Bulletin
24
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
1974-Dec..............
1975-Mar..............
1975-Dec..............
1976-Jan..... ........
Feb..............
Mar.............. .
June.............
July.............
rotal
amount
outstanding Family housing
y
and homeowners
assistance
Housing and Urban Development Department
Federal
National
Mortgage
Assoc. 2/
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
1,302
548
577
517
487
454
412
408
487
581
578
440
475
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
4,280
4,280
5,887
—
10,907
10,901
10,870
10,861
10,853
1,220
1,211
1,203
1,194
1,184
1,176
1,171
564
570
584
587
586
584
581
4,200
4,200
4,200
4,200
4,180
4,180
4,180
_
-
10,714
11,066
11,047
11,673
11,643
11,250
1,164
1,152
1,136
1,128
1,117
1,113
584
582
578
589
585
575
4,145
4,145
1,145
4,145
4,145
4,120
_
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
11,323
11,028
10,935r
10,902
1,951
1,863
1,775
1,683
1,588
1,484.
1,382
1,276
1,171
1,136
1,312
Secondary
market
operations
-
Postal
Service
Tennessee
Valley
Authority
Farm Credit Administration
Export-Import
Bank of the
United States
2,571
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,593
2,960
2,893
2,593
2,625r
2,593
2,593
2,593
2,593
2,593
2,593
2,593
2,960
2,960
3,585
3,568
3,366
Bank for
cooperatives
2/
Federal
intermedi
ate credit
banks 2/
1,230
-
3,779
—
_
-
_
Federal
Home Loan
Bank Board
(5
6
6
6
5
5
10
—
1
_
..
-
_
_
_
-
_
«
-
-
-
Memorandum - Interest-hearing
securities of non-Government agencies
Other independent
agencies - Continued
End of
fiscal year
or month
Other independent agencies
Other
3anks for
Federal home
sooperatives loan banks
2/
2/
Federal
intermediate
credit banks
2/
Federal
land
banks
Federal
National
Mortgage
Association
2/ 6/
District of
Columbia
Stadium
Fund
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
3,589
3,463
4,702
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19,011
23,441
22,615
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
8,589
8,810
5,319
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
16,566
12,653
13,252
8,076
13,165
14,996
18,560
21,087
25.232
28,237
29,863
30.685
28,167
28.232
20
20
20
20
20
20
20
20
20
?0
20
20
250
250
250
250
25.0
250
221
250
525
728
996
1,355
1,855
2,255
2,696
2.075
2.075
1,975
2,175
2,125
1975-Dec.,
1976-Jan.,
Feb.,
Mar.,
Apr.,
May.,
June,
250
250
250
250
250
250
250
2.075
2.075
2.075
2.075
2.075
2.075
2.075
2
2
2
2
2
2
3,655
3,833
3,880
3,808
3,917
3,343
3,694
20,950
20,907
19,990
19,960
19,964
19,360
19,390
9,254
9,317
9,364
9,557
9,931
9,078
10,298
15,000
15,469
15.346
15.346
16,060
16,060
16,060
29,963
29,809
29,759
30,021
30,147
29,804
29,863
20
20
20
20
20
20
20
July.
Aug..
Sept.
Oct..
Nov..
Dec..
250
250
250
250
250
250
1.975
1.975
1.975
1.975
1.975
1,825
2
2
2
2
2
2
3,745
3,919
3,901
4,023
4,207
4,330
19,352
19,163
19,111
19,172
18,856
18,861
10,595
10,687
10,791
10,712
10,669
10,494
16,566
29,845
30,429
30,685
30^656
30,413
30.565
20
20
20
20
20
_2Q_
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q....
1974-Dec.
1975-Mar.
Source: Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-448).
2/ Effective December 31, 1968, banks for cooperatives and Federal in
17,124
17.127
17.127
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
For details of securities outstanding, see Table TS0-5.
5/ Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
£/ Includes mortgage backed bonds beginning June 1970.
r Revised.
4/
25
February 1977
.FEDERAL DEBT
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Agriculture
Department
End of
fiscal year
or month
Retire Out
ments
standing
2,181
_
-
1968.............. .
1969..............
1970.............. 2,181
1971..............
1972..............
1973..............
1974.............. .
1975.............. .
1976.............. .
1975-Mar........... \
Oct.........
Retire Out
Sales
Sales ments
standing
3,250
570
2,183
533
1,330
1,814
369
321
1,493
268
1,226
618
608
42
576
327
249
249
_
_
252
252
"
"
Retire Out
ments standing
180
7,900
630
8,600
1,280
7,320
1,315
6,005
4,920
1,085
440
4,480
4,370
110
110
4,260
80
4,146
35
4,111
Out
Sales Retire
ments
standing
100
200
212
15
3
3
209
_
2
207
_
6
201
_
2
199
199
_
_
198
_
_
198
198
-
-
-
-
249
-
-
4,286
-
-
492
-
-
198
_
-
_
-
25
4’
,166
4,166
4,166
4,166
4,146
4,146
4,146
-
252
252
252
252
252
252
252
252
252
252
252
252
252
_
_
—
-
_
_
-
492
492
492
492
492
492
492
492
492
492
492
492
492
-
_
-
-
-
198
198
198
198
198
198
198
198
198
198
198
198
198
_
_
_
_
_
_
-
_
_
_
-
_
_
-
_
_
_
_
-
-
-
-
-
_
Retire Out
Sales ments
standing
525
1,125
1,166
225
184
401
765
_
80
685
168
517
24
493
493
_
_
492
_
492
492
-
-
_
_
July..........
Aug...........
Participation certificates issued by GNMA acting as trustee
Health, Education,
Farmers Home
and Welfare
Total
Administration 1/
Department 2/
Commodity Credit
Corporation
Sales
11975-Dec...........
1976-Jan...........
Feb...........
Export-Import Bank
of the United States
_
_
_
-
_
Dec...........
20
35
-
4,111
4,111
4,111
4,111
4,111
_
"
'
Participation certificates issued by GNMA acting as trustee - Continued
End of
fiscal year
or month
Housing and Urban Development Department
Office of Secretary 2/
1975-Mar...........
1975- ueo...........
1976-Jan...........
Feb...........
Mar...........
Apr...........
May..... .
June..........
July..........
Nov...... .
Dec...........
1,140
640
_
_
-
-
■
27
324
963
405
34
_
_
_
-
-
_
_
Government National
Mortgage Association
Out
Retire standing
Sales
ments
Sales
1^68..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
_
-
1,820
2,433
2,109
1,146
741
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
465
140
-
-
50
134
190
81
193
95
65
76
41
19
12
-
-
19
_
37
1,891
1,897
1,707
1,626
1,433
1,338
1,273
1,197
430
50
Retire Out
ments standing
70
203
225
91
206
41
1,140
1,122
1,208
1,150
1.150
1.150
1.150
1 i/n
1.140
1.140
1,122
1,122
1,122
1,122
1,122
1,085
Source: Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
y
Includes College Housing, Housing for the Elderly, and Public Facility
programs.
V Includes Special Assistance, and Management and Liquidating programs,
Veterans
Administration 2J
Small Business
Administration M
Retire Out
ments standing Sales
10
-
.
1,160
1,007
782
691
485
444
444
444
444
///
Retire Out
Sales Retire Out
Sales ments
standing
ments standing
590
260
60
79
136
99
107
243
45
30
40
16
444
-
-
-
-
444
444
-
444
444
444
444
444
~
-
13
-
-
“
11
16
-
m
-
”
444
444
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 2/
-
—
1,704
1,885
1,749
1,650
1,543
1,300
1,255
1,225
1,164
1,148
1,234
l',174
1.174
1.174
1.174
1.164
1.164
1.164
1,348
1.148
1.148
1.148
1.148
1.148
99
923
1,590
_
_
667
_
"
_
_
-
-
-
-
-
-
*
—
5/ Includes programs for Disaster Loans, and Business Loans and Invest. ments.
Includes Direct Loan and Loan Guaranty programs.
2/ In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest” and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
Q
“
Treasury Bulletin
26
■FEDERAL DEBT______________
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
Interest-bearing debt
subject to limitation
Debt outstanding sub
ject to limitation
Statutory
debt
limit
Total
Public debt
1/
Other debt
1/2/
Public debt
Non-interest-bearing debt
subject to limitation
Public debt
1/
Other debt
1968................
1969................
1970.............. .
1971................
1972...............
1973................
1974................
1975................
1976................
358,000
377,000
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
350,743
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
£>35,822
344,716
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
6,028
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
3,818
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
315
530
437
389
453
343
380
443
566
529
1975-Mar.............
1975-*Dec.............
1976-Jan.............
Feb.............
Mar.............
Apr.............
May........ .
June............
July............
531,000
595,000
595,000
595,000
627,000
627,000
627,000
636,000
636,000
636,000
636,000
682,000
682,000
682,000
682,000
510,602
577,754
585,515
594,996
601,619
603,100
611,798
621,556
625,673
634,453
635,822
638,735
645,767
654,662
655,029
508,979
576,035
583,792
593,257
599,877
601,360
610,059
619,820
1,623
1,719
1,723
1,739
1,742
1,740
1,739
1,736
1,739
1,737
1,733
1,744
1,740
1,730
508,581
575,657
581,861
592,874
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
1,623
1,718
1,723
1,739
1,742
1,740
1,739
1,736
1,736
1,737
1,733
1,744
1,740
1,730
398
379
1,931
384
653
433
1,982
566
354
424
529
1,929
385
475
316
Oct.............
Dec.........
1977-Jan.............
623,934
632,716
634,089
636,991
644,027
652,932
653,295
,
Source: Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1975. For a summaiy
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
1,734
,
652,979
]
1,734
;
Other debt
1/
2,209
825
825
825
825
825
825
_
-
I
_
_
_
_
_
_
_
-
-
Adjusted to exclude notes to IMF and other international lending or
ganizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
27
February 197 7
.FEDERAL DEBT.
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b), as amended,
provides that
the face amount
authority of that Act,
of obligations issued under
and the face amount
of obligations
guaranteed as to principal and interest by the United States,
shall not exceed
in the aggregate $400 billion outstanding
at any one time.s Public Law 94-334 provides that beginning
The Act of June 30, 1967
(Public Law 90-39)
provide-
that the face amount of beneficial interests and participations issued under
section 302 (c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
the fiscal
year 1968 and outstanding
added to the amount
at any time shall be
otherwise taken into account in deter-
on October 1, 1976, and ending on March 31, 1977, the public
mining whether the requirements of the above provisions are
debt limit shall be temporarily
met.
increased by $282 billion.
Part A. - Status Under Limitation January 31, 1977
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding................................................................................
Less amounts not subject to limit:
Treasury..........................................................................................
Federal Financing Bank...............................................................................
Total public debt subject to limit........................................................................
Other debt subject to limit:
Guaranteed debt of Government agencies.....................................................................
Specified participation certificates......................................................................
Total other debt subject to limit.........................................................................
Total debt subject to limit...............................................................................
Statutory debt limit....................................................................................
Balance of statutory debt limit............................................................................
$653,907
-
612
(*)
653,295
599
1,135
.... 1,734
655,029
682,000
26,971
Part B. - Application of Statutory Limitation January 31, 1977
(In millions of dollars)
Classifications
Interest-bearing debt:
Marketable:
Bills:
Treasury.......................................................................................
Notes:
Treasury.......................................................................................
Bonds:
Treasury.......................................................................................
Total marketable...................................................................................
Nonmarketable:
Depositary series...................................................................................
Foreign government series:
Dollar denominated.................................................................................
Foreign currency denominated.........................................................................
Government account series.............................................................................
Investment series...................................................................................
E.E.A. series.......................................................................................
State and local government series........ ..............................................................
United States individual retirement bonds.................................................................
United States retirement plan bonds.....................................................................
United States savings bonds............................................................................
United States savings notes............................................................................
Total nonmarketable..................................................................................
Total interest-bearing debt.............................................................................
Non-interest-bearing debt:
Matured debt.........................................................................................
Other..............................................................................................
Total non-interest-bearing debt..........................................................................
Total public debt outstanding.......... ................................ .................................. .
Source: MDnthly Statement of the Public Debt of the United States.
* $500 thousand or less.
Amount outstanding
$164,005
219,474
40,516
423,995
8
20,689
1,520
126,810
2,262
(*)
4,906
19
130
72,234
..... 406
228,985
652,980
208
..... 720
..... 928
653,907
28
Treasury Bulletin
FEDERAL DEBT
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
Total
Agency
for
Inter
national
Develop
ment 1/
Federal
Financing
Bank
Agriculture Department
Secretary:
Rural
Electri Farmers
fication Home
Adminis Adminis
tration
tration Programs
V
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974.............. .
1975..............
1976..............
1975-Mar.-..........
’1975-Dec..........
1976-Jan..........
Feb..........
Mar...........
Apr...........
May...........
June..........
Aug...........
Sept.........
Oct...........
Dec...........
27,040
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53,091
57,374
41,426
48,577
51,485
52,876
53,600
53,282
54,086
. 53,091
55,680
56,366
57,374
56,074
56,861
59,232
60,702
638
_
544
512
451
416
374
327
233
-
-
_
-
-
602
13,466
22,413
25,884
1,247
1,534
1,491
22,036
22,736
22,413
24,149
25,052
25,884
26,136
26,524
-
28,811
-
29,848
2,840
3,556
1,039
1,559
1,534
1,534
1,534
1,534
1,534
1,534
1,491
1,491
1,491
1,372 .
1,372
1,172
900
6,737
17,274
19,346
20,197
21,706
_
_
11,989
12,115
12,262
11,977
11,501
10,864
8,608
5,046
-
-
327
228
228
228
_
_
4,620
2,314
2,310
2,393
2,497
2,573
2,676
2,840
3,002
3,315
3,556
2,393
2,949
3,505
3,983
Govern
ment
National
Mortgage
Assn.
1968............. .
1969..............
1970............. .
1971............. .
1972............. .
1973.............
1974..............
1975............. .
1976............. .
T.Q...............
1,950
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5.907
1975-Mar.......... .
1975-uec..........
1976-Jan..........
Ssb..........
Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept...... .
Oct..........
Nov..........
Dec..........
1977-Jan..........
5,281
7,494
8,238
8,480
6*999
6,900
6,688
6,124
6,608
5,998
5,907
5,452
5,345
5,134
5,173
Other
6/
Helium
fund
10
94
15
110
10
140
207
251
252
252
252
251
252
223
665
1,641
2,462
3,677
4,666
4,878
3,234
4,382
4,382
4,382
4,463
4,463
4,666
4,666
4,838
4,838
4,878
4,878
4,878
4,878
4,964
252
251
251
251
251
251
251
251
251
251
252
252
252
252
252
2/
362
720
1,586
783
1,743
1,366
950
1,400
2,450
2,781
1,888
2,811
7,207
7,502
7,519
7,548
7,409
7,447
7,471
7,512
7,536
7,569
7,409
7,453
7,489
7,514
7,609
2,570
3,979
183
213
192
63
143
2,811
2,811
2,811
126
11
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
12,811
Ten
nessee
Valley
Author
ity
\
49
132
191
201
99
154
161
168
172
177
179
191
198
198
201
201
201
201
201
Office of the Secretary
Urban
College
renewal
Other
housing
fund
loans
V
1,454
1,583
1,416
1,391
1,606
1,610
2,545
1,482
1,717
1,867
2,457
207
11
73
1,482
1,482
1,682
1,682
1,682
1,682
1,717
1,717
1,792
1,867
54
11
1,892
1,892
1,892
1,892
Transpor
tation
Dept.
Rural
Telephone
Bank
Housing and Urban
Development Department
4,770
5,045
5,328
5,746
6,051
6,563
6,963
7,409
7,512
7,409
Housing and Urban Development
Department— Continued
Interior
Department
, End of
fiscal year
or month
ExportInrport
Bank of
the
United
States
Federal
Commodity
Home Loan Credit
Bank Board Corpo
ration
100
100
100
100
100
100
100
150
150
150
125
150
150
130
150
150
150
150
150
150
150
150
150
150
150
Saint
Lawrence
Seaway
Develop
ment
Corp.
129
133
133
130
127
123
121
120
118
118
120
118
118
118
118
118
118
118
118
118
118
117
117
116
116
U
181
94
7
7
~ 400
2,811
2,811
2,811
2,811
2,811
2,811
2,811
Veterans
Adminis
tration:
Direct
loan
program
170 ~
400
220
600
800
800
800
800
800
800
800
260
352
333
351
414
455
124
149
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
450
Under
Defense
Produc
tion
Act
of 1950
101
118
118
120
120
122
124
129
145
149
158
161
163
170
Other
3/
2/
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,854
2,032
1,996
2,010
2,010
2,014
2,015
2/
2/
2/
_
_
_
_
_
24
38
43
43
43
63
43
44
98
97
43
43
94
94
94
346
•2/A
98
97
97
_
-
97
97
96
97
97
29
February 197 7
.FEDERAL DEBT,
Footnotes to Table FD-10.
Source: Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances ‘
by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1975 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 354-357, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812815.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in ’’Other.'1
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
i j Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
5/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals Explo
ration Administration); and the Secretary of the Treasury through
# May 1964'.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NQAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 19
74; Federal Railroad Administration, rail service assistance, begin
ning January 1976, and regional rail reorganization, April, 1976.
3 / Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
Treasury Bulletin
30
.PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding January 31, 1977
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
Held by 2/
Description
Total
i/
1977
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
8#
6#
6-1/2%
1-1/2%
7-3/8%
6-7/8%
9%
6-3/4%
6-1/2%
7-1/2%
7-3/4%
8-1/4%
8-3/8%
1-1/2%
7-1/2%
7-3/4%
6-5/8%
7-1/4%
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
.
.
_
-
2/15/77-A
2/28/77-F
3/31/77-G
4/1/77-EA
4/30/77-H
5/15/77-C
5/15/77-D
5/31/77-1
6/30/77-J
7/31/77-K
8/15/77-B
8/31/77-L
9/30/77-M
lO/l/77-EO
10/31/77-N
ll/15/77-E
ll/30/77-Q
12/31/77-P
5,163
1,665
2,576
5
1,579
2,565
5,329
2,137
2,170
1,516
4,918
2,021
3,226
17
3,156
3,630
2,628
2,765
|47,066
3,102
165
523
99
611
2,996
179
260
59
1,640
121
51
167
1,236
81
277
11,567
2,061
1,500
2,053
5
1,480
1,954
2,333
1,958
1,910
1,457
3,278
1,900
3,175
17
2,989
2,394
2,547
2,488,
35,499
1/31/78-J
2/15/78-A
2/28/78-G
2,511
8,389
2,115
252
3,352
65
2,259
5,037
2,050
3,162
15
2,574
3,960
4,423
2,567
3,331
2,855
2,462
5,155
2,949
3,195
3
2,921
8,207
2,941
2,517
3,377
69,629
248
371
965
1,505
182
734
218
634
2,550
170
2,914
15
2,203
2,995
2,918
2,385
2,597
2,637
1,828
2,605
2,779
2,827
3
2,755
4,594
2,727
2,365
2,989
53,482
4,692
2
2,269
1,782
4,559
2,989
2,081
1
1,604
2,241
3,376
2,006
27,602
Total..
1978
Jan..
Feb..
Mar..
Apr..
May..
6-3/8%
6-1/4%
8%
Note _
6-3/4%
Note _
1-1/2%
Note 6-1/2%
7-1/8%
Note 7-7/8#. Note Note 7-1/8%
June.
July.
Aug..
6-7/8%
Sept.
Oct..
6-1/4%
1-1/2%
5-7/8%
6%
5-3/4%
Nov..
Dec..
Note
Note _
Note -
6-7/8%
8-3/4%
7-5/8%
6-5/8%
8-1/8#
5-1/4%
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
_
_
_
-
3/31/78-K
4/1/78-EA
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-C
8/15/78-E
8/31/78-Q
9/30/78-R
10/1/78-E0
10/31/78-S.
11/15/78-B
11/30/78-T
12/31/78-H
12/31/78-U
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
_
_
_
_
_
_
_
-
2/15/79-H
4/1/79-EA
5/15/79-D
6/30/79-E
8/15/79-A
8/15/79-J
9/30/79-F
10/1/79-E0
11/15/79-B
11/15/79-C
ll/15/79-K
12/31/79-G
Total..
1979
Feb.,
Apr.,
May.,
June,
Aug.,
Sept,
Oct.
Nov.,
Dec.
7%
1-1/2%
7-7/8%
7-3/4%
6-1/4%
6-7/8%
8-1/2$
1-1/2%
6-5/8%
7%
6-1/4%
7-1/2%
Total..
1980
Feb.
Mar.
Apr.
May.
June
Aug.
Sept
Oct.
Nov.
Dec.
4%
7-1/2?
1-1/2$
6-7/8$
7-5/8*
9$
6-7/8$
1-1/2$
3-1/2$
5-7/8$
Total.
Bond
Note
Note
Note
Note
*Tote
Note
Note
Bond
Note
_
_
_
_
-
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
2/15/80
3/31/80-C
4/1/80-EA
5/15/80-A
6/30/80-D
8/15/80-B
9/30/80-E
10/1/80-E0
11/15/80
12/31/80-F
2,506
2,069
2
7,265
2,185
4,296
2,141
3
1,758
2,692
24,917
368
166
3,613
214
152
388
16,147
1,708
_
496
79
1,784
814
212
1,132
440
176
92
6,933
Feb..
Apr..
May..
Aug..
Oct..
Nov..
1982
Feb..
May..
Aug..
Nov..
Held by 7 j Description
Total
7%
7-3/8%
Note 2/15/81-A
1,842
Note -/ 2/15/81-C 1/ 4,796
1-1/2# Note 4/1/81-EA
*
7-3/8% Note 5/15/&L-D
2,020
7%
Band 8/15/81
g07
7-5/8% Note 8/15/81-F 2,586
1-1/2% Note 10/1/81-E0
*
7-3/4% Note ll/l5/8l-B 4,477
7%
Note 11/15/81-G
2,543
Total..................
'
19,071
6-3/8%
6-1/8%
8%
8-1/8%
7-7/8%
Bond
Note
Note
Note
Note
* m %
5/15/82-A
8/15/82-B
11/15/82-C
Total..
1983
Feb..
June.
Nov..
1984
Aug...
1985
May...
3-1/4%
7%
Note
Bond Note -
6-3/8# Bond 3-1/4# Bond
4-1/4# Bond
2/15/83-A
6/15/78-83
11/15/83-B
8/15/84
5/15/85
U/15/775/15/85
Total..
1986
May.
Aug.
Nov.
1990
Feb.
May.
2,702
2,697
2,747
2,918
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
554
875
1,288
3,921
137
408
135
1.883
399
2,451
*
2,644
2,529
15,115
1,833
___14_
3,956
1,055
2,902
1,435
1,069
695
13,966
4,254
1,647
2,697
1,312
1,849
2,207
9,712
7,958
1,322
2,309
2,075
227
120
5.883
1,095
2,189
11,589
2,422
9,167
2,353
r— '---808
1,399
954
179
629
1,064
1,872
395
574
669
1,298
5,219
9,515
1,216
15,950
717
1,792
3,393
4,502
7,723
332
12,557
7-7/8# Note
8#
Note 6-1/8# Bond Total..
5/15/86-A
8/15/86-B
11/15/86
3-1/2# Bond
8-1/4# Bond Total..
2/15/90
2/15/90
3,059
1,247
4,306
893
316
1,209
2,166
931
3,097
8/15/87-92
3,016
1,128
1,888
2/15/88-93
2/15/93
8/15/88-93
190
627
1,914
2,731
53
209
1,290
1,552
137
418
624
1,179
4-1/8# Bond -
5/15/89-94
1,138
456
682
884
2,984
2
1,773
1,703
2,775
2,175
1,869
1
472
1,801
3,200
1,914
20,669
1992
Aug.... 4-1/4# Bond 1993
Feb.... 4#
Bond
6-3/4# Bond Aug.... 7-1/2# Bond -
Bond -
2/15/95
621
128
493
1,582
1,924
2
1,704
1,954
1,621
2,022
3
1,139
2,679
7%
Bond 3-1/2% Bond -
5/15/93-98
11/15/98
692
2,226
2,918
328
714
1,042
364
1,512
1,876
2,414
1,571
843
2,771
2,?65
5,036
492
928
1,420
2,279
1,337
3,616
1,575
693
4,498
2,221
1,231
990
924
145
_
5,561
231
2,675
119
619
13
10,287
Amount of maturities
Tear
and
month
of final
maturity
1/
14,630
Source:
Daily Treasury statement and Office of Government Financing
in the Office of the Secretary,
l/ For issue date of each security, see ’’Market Quotations on Treasury
Securities."
1994
May....
1995
Feb....
1998
May....
Nov....
3#
Total........
1999
May.... 8-1/2# Bond - 5/15/94-99
2000
Feb__ 7-7/8% Bond - 2/15/95-00
Aug.... 8-3/8# Bond - 8/15/95-00
Total.................
2001
Aug.... 8#
Bond - 8/15/96-01
2005
5/15/00-0^rHMsy*... 8-1/4# BeaS- —
2/ Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
2/ Treasury Notes, 7-3/8# Series C-1981 and 7-3/8# Series E-1981
consolidated effective Sept. 1, 1976.
* Less than $500,000.
February 1977
31
,PUBLIC DEBT OPERATIONS„
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of new issue
Amount of bids accepted
Issue date
Maturity
date
Number of
days to
maturity 1/
Amount of
bids
tendered
91
182
91
182
91
182
91
182
91
182
90
181
91
182
90
Total
Amount
On com
petitive
basis £/
On noncom
petitive
basis 2/
3.922.0
8.139.8
2.506.2
3.506.1
283.7
156.1
5.424.9
5.727.8
4.580.8
6.688.1
4,242.2
5.541.0
4.711.1
9,234.Or
4.811.9
6,875.0
5.627.8
7.022.3
4.527.0
6*530.6
2,407.9
3.507.0
2.403.0
3.401.5
2.503.8
3.501.3
2.604.6
3,710.4r
2.603.9
3.701.4
2.500.7
3.502.3
2.602.0
3*600.8
2,507.5r
3.505.7
2,305.7r
3.404.5
2,10$.2r
3.205.6
2.109.3
3.103.2
2,306.9r
3.403.0
91
182
91
182
91
182
91
182
5,499.4r
6,406.6
4,570.lr
7.368.1
4,559.9r
5.795.9
4.255.4
6.481.4
4 ,006 .Or
6.896.3
4.220.4
5.410.0
4.637.6
6.376.9
4.748.6
7,799.3
4,952.8
7.255.0
2.222.5
3.350.0
2.021.0
3.332.3
2.057.5
3,246.2
2.234.3
3.397.7
2.271.4
3.574.5
2.313.7
3,564.?
2.115.6
3,332.2
2,281.0
3.456.1
2.183.6
3.380.2
1.984.3
3.258.8
1.765.6
3.067.2
1.865.9
2.995.2
2.037.7
3,283.6
2.216.2
3.381.5
2.045.8
3.350.9
2.088.6
3.371.4
2,184.3
3,472.6
364
364
364
364
364
364
364
364
364
364
364
364
364
364
4,899.9
4,913.6
5.666.1
6.045.5
5.669.8
4.380.9
4.855.5
5,50A.0
4.934.2
6.454.3
5.248.5
5,376.1
6.939.3
7.053.6
3.068.7
2.930.4
3,104.9
3.202.7
3.335.5
2,921.4
2.611.6
2,901.6
2.952.6
2,917.3
3.095.1
3.401.7
3.504.6
2,,993.2
2.880.4
3.027.0
3.086.9
3.240.0
2.845.4
2.518.6
2.898.9
2.866.9
3.036.7
3,340.0
3.435.9
75.6
50.0
77.9
115.9
95.4
75.9
93.0
72.6
85.7
82.2
58.4
61.7
68.7
3.071.1
2.996.9
74.3
132
4.699.9
2.005.6
1.972.7
32.9
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
Regular weekly:
(13-week and 26-week)
1976- Oct.
7....
14....
21....
28....
Nov.
4....
12....
18....
26....
f1977-Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Feb.
May
Feb.
May
Feb,
May
Feb.
Mav
6
7
13
14
20
21
27
28
3
5
10
12
17
19
24
26
181
3
91
2
10
182
9
17
16
24
23
31
30
7
7
14
14
21
21
28
28
182
27.....
Mar.
June
Mar.
June
Mar.
June
Mar.
June
Mar.
June
Apr.
July
Apr.
July
Apr.
July
Apr.
July
13....
10....
9....
6....
4....
1....
29....
27....
24....
21....
19....
15....
14....
1977-Jan.
Feb.
Mar.
Apr.
May
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
11....
1978-Jan.
5
3
31
28
26
23
20
18
15
13
10
Short-dated:
1976-Dec.
10....
1977-Apr.
21
Dec.*
2.....
9....
16....
23....
30....
1977-Jan.
6....
13....
20....
91
91
182
91
182
91
182
2.506.4
3.504.0
2.410.7
3,500.6
2.401.5
3.503.0
2.506.9
3.595.9
386.9
174.7
345.6
155.3
269.5
103.6
333.2
135.8r
290.2
137.2
385.1
170.0
321.0
144.7
323.9r
125.4
321.4r
145.7
338.5r
138.4
243.4
108.0
269.2
119.4
290.3
122.6
364.9
149.6
313.0
131.6
322.6
123.3
2.505.0
3.501.7
2.513.8
3.402.6
2.401.0
5.409.7 A/
2.502.2
3.501.6
2.701.2
3,601.1
2.701.9
3.601.9
2.503.4
3.502.8
2.603.2
3*602.3
2,502.0
3.502.7
2,306.3
3.399.5
2,104.2
3.202.5
2,104.2
3.102.6
2,304.5r
3.402.0
2.506.2
3.506.5
2.407.9
3.503.3
2.403.0
3.501.5
2.503.8
3.606.3
31,754.lr
90,174*91*
31,648.1r
90,279*3r
31,650.2r
90,276.8r
31,651.8r
90,276.5*
31,555.3r
90,385.7r
31,457.3r
90,485.3r
31,454.6r
90,484.8r
31,453.5r
90i.483_.3r
31,459.Or
90,486.2r
31,458.4r
90,491.3r
31,458.4r
90,494.4r
31,463.5r
90,495.Or
31,465.9r
90,496.Or
31,466.1
90,493.5
'31,468.9
90.490.7
31.467.4
90,492.2
31.470.4
90.481.7
2.001.4
2.102.7
2.102.4
2.205.4
2.435.3
2.404.4
2.591.4
2,292.6
2,893.3
2.859.7
3,061.9
3.244.6
3,253.1
3.068.7
34.515.4
35,343.1
36.345.6
37.343.0
38.243.1
38.760.2
38.780.4
39.389.4
39.448.7
39.506.3
39.539.5
39.696.7
39,948.2
39.950.6
52-weeksi
1976-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977-Jan.
Footnotes at end of table.
11
8
8
2.835.1
2,005.6
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS _ _ _
Table PDO-2. - Offerings of Bills—Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Regular weekly:
( 13-week and 26-week)
lO*7A_nrvh.
7.............
14.............
21 .............
28.............
Nov.
4............ .
12 .............
26.............
Dec.
2 .............
9.............
16.............
23..............
30.............
1977-Jan.
6.............
13.............
20.............
27.............
52-weeks:
1976-Jan.
Feb.
Mar.
Apr.
May
June
July
A-ug.
Sept.
Oct.
Nov.
Dec.
1977—Jan.
13.......... .
10...............
9.............
6.............
4.............
1.............
29.............
27..*...........
24 ..1.......... ;
21.............
19.............
15.............
14.............
11.............
Short-dated:
Dee.
10............
98.714
Jr
i 97.338
k98.760
*98.787
97.517
"98.754
97.425
'98.771
97.457
'98.777
k97.464
"98.764
97.463
‘98.851
■ 97.646
'98.871
L97.691
| 98.892
[97.717
f 98.898
[97.721
f*98.921
[97.725
f 98.914
[ 97.738
[ 98.886
1 97.697
f 98.834
1 97.572
f 98.820
1 97.539
[ 98.812
1 97.52U
High
Equivalent average
rate jj/
Price per hundred Equivalent rate j>/
(Percent)
5.088
5.266
4.905
5.025
4.799
4.911
98.719
97.342 6/
98.765
97.474
98.795 2/
97.524 8/
98.761
97.436
98.776
97.461 2/
98.783
97.475
98.773
97.473
98.862...,
97.658 10/
f f i
4.862
4.892
5.044
4.890
5.018
iM
4.466
4.568
4.383
4.516
4.360
4.508
4.269
4.500
4.296
4.474
4.407
4.555
4.613
4.803
4.668
4.868
4.700
4.905
(Percent)
5.068
5.258
4.886
4.996
4.767
4.898
4.902
5.072
4.842
5.022
4.868
5.022
tU i
98.711
97.337
98.757
97.450
98.784
97.513
98.752
97.419
98.770
97.453
98.773
97.458
98.763
97.457
Equivalent rate 1/
(Percent)
5.099
5.267
4.917
5.044
4.811
4.919
m
4.866
5.038
4.908
5.056
4.894
5.030
4.620.
4.694
till
«
4.451
4.551
98.871
*07*7
f«Oo(
98.889
97.716
98.895
4.404
0*7
1fOc
y ( %*
/7A
4.466
4*?fP
4.395
4.518
4.371
J *»2A
4.?<o
4.233
4.288
4 .7x4
4.367
4.528
4.593
4.789
4.636
4.856
4.680
4.892
98.916
97.718
98.911
Q
»7 »700
7f.
98.881
97.691
98.833
97.568
98.818
97.537
98.810
97.516
94.327
94.342
93.903
94.143
94.265
93.593
'93.834
94.041
94.289
94.368
94.803
94.718
95.218
95.210
5.611
5.596
6.030
5.793
5.672
6.337
6.098
5.894
5.648
5.570
5.140
5.210
4.729
4.737
98.360
4.473
tm
4.352
4«4oU
4.261
1 j An
4.4ou
5.578
5.572
6.010
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
94.419
94.439
93.952
94.196
94.338
93.652
93.867
94.067
94.337
94.389
94.840
94.738
95.258
95.231 25/
5.520
5.500
5.982
5.740
5.600
6.278
6.066
5.868
5.601
5.549
5.103
5.190
4.690
4.717
98.369
4.449
98.379
r iO "\
4.4
j
Price per hundred
98.875
97.699
98.899
97<721
98.900
97.733
98.930
97.735
98.923 W
97.745 lg/
98.896 12/
97.711
98.839
97.579
98.828 14/
97.545 15/
98.817
97.527 1£/
94.360
94..366
93.923
94.155
94.292
93.621
93.851
9A.0A8
94.304
94.377
94.817
94..727
95.240
95.219
1
Footnotes on following page.
Low-
W
lg/
12/
20/
21/
22/
23/
24/
4.308
4.486
4.427
4.567
4.617
4.811
4.676
4.872
4.708
4.913
February 197 7
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source: Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26-weeks.
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-week tenders for $500,OCX) or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
U Includes maturing short-dated bills issued Dec. 10, 1976.
5/ Bank discount basis.
6/ Except $500,000 at 97.280, $1,000,000 at 97.375, $1,000,000 at 97.371,
and $1,000,000 at 97.364.
2/ Except $510,000 at 98.800.
g/ Except $600,000 at 97.528.
2/
10/
11/
12/
12/
14/
15/
16/
12/
18/
12/
20/
21/
22J
22/
2U
25/
r
Except $1,000,000 at 97.472.
Except $300,000 at 97.687 and $525,000 at 97.666.
Except $1,720,000 at 98.929 and $610,000 at 98.930.
Except $2,230,000 at 97.754.
Except $110,000 at 98.905 and $300,000 at 98.900.
Except $750,000 at 98.834.
Except $10,000,000 at 97.553.
Except $350,000 at 97.531.
Except $655,000 at 95.379.
Except $1,000,000 at 93.992.
Except $10,000 at 94.366 and $715,000 at 94.348.
Except $1,300,000 at 93.873.
Except $1,950,000 at 94.347.
Except $5,420,000 at 94.397.
Except $920,000 at 94.748 and $2,000,000 at 94.743.
Except $500,000 at 95.288.
Except $8,740,000 at 95.239 and $4,000,000 at 95.238.
Revised.
Treasury Bulletin
34
. PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury B illsi/
(Dollar amounts in millions)
Description of issue
Issue
date
1973-Jan.
4.
11..
18.,
25.,
May
17.
24.
31.
June
14.
21.
28.
July
5.
12
.
19.
26.
Aug.
2..
Nov.
15..
1974-May
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
1973-Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1974—Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Nov.
1974-Jan.
Feb.
May
5
5
12
12
19
19
26
26
16
15
23
23
30
29
13
13
91
182
91
182
91
182
91
182
91
182
91
183
91
182
91
Amount
of bids
accepted
$3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
$2,402
1,901
2,403
1,902
2,401
1,902
3,789
3,552
2,400
1,901
18
17
25
24
1
31
14
16
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
3,776
3,349
3,545
3,975
3.215
4,274
3.430
3,887
3,561
3,796
3,386
4,047
4,341
2,501
1,693
2,501
1.701
2.502
1.702
2.502
1,701
2,501
1.701
2.503
1.701
2,500
1.701
2,500
1.702
2,501
1,701
2,501
1.702
2,501
1,701
2.503
1,801
20
20
27
27
4
3
11
10
182
3,454
3.263
3,452
3,564
3,580
3.214
4,165
3,774
4,022
Average rate
of bids
accepted 2/
(Percent)
5.164
5.397
5.154
5.413
5.277
5.541
5.634
5.759
6.180
6.457
6.453
6.747
6.693
6.864
7.127
7-.172
7.265
7.255
7.229
7.299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.635
New money
increase, or
decrease (-)
$204
201
223
200
-111
-99
-100
-99
-104
-101
-101
-100
-103
-96
-100
8.381
110
Aug.
Nov.
15
14
91
182
3,670
3,227
2,601
1.902
8.023
8.031
200
23.
Aug.
Nov.
22
21
91
182
3,475
2,756
2.604
1,901
8.197
8.440
202
30.
Aug.
Nov.
29
29
91
183
3,723
3,474
2.604
1.903
7.984
8.205
206
5
5
91
3,578
3,383
3,693
3,792
5,054
4,261
3,925
3,017
4,117
3,171
4,014
3.430
2,602
1.904
2.603
1.903
2,601 2/
1,901
8.299
8.426
8.260
8.324
8.178
8.175
7.841
8.003
7.808
8.055
7.892
8.481
205
182
13.,
.,
20
27.,
5.,
.,
11
.,
18
25.,
Aug.
1973-Apr.
July
Apr.
July
Apr.
July
Apr.
July
Amount
of bids
tendered
16.
6.,
July
Number of
days to
maturity
Maturity
date
1.,
8.,
15.,
22 .,
29.,
Sept.
19.
26.
Footnotes at end of table.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
12
12
91
182
91
19
19
26
26
3
91
182
91
2
182
182
10
91
9
182
2.600 y
1.901
2.603 y
1.905
2,602 2/
1.904
2.602 y
21
91
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
4.264
3,651
3,981
20
182
2,986
2,002
29
27
5
92
182
6
182
3,721
3,481
3,746
3,853
2,803
2.004
2.806
2.005
4,607
3,072
4,038
3,241
2.503
1,802
2,500
17
16
24
23
31
30
7
6
14
13
91
182
91
182
91
182
91
182
91
182
91
19
91
20
182
26
27
182
91
1.901
2.602 y
1.901
2.601 y
1.902
2,656 y
2,007
2.805 y
2.004
2,807 y
1,800
203
202
198
204
195
7.702
7.876
7,603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
189
8.185
8.203
7.003
7.928
-197
205
106
359
408
407
401
404
-201
PUBLIC DEBT OPERATIONS.
PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^/-Continue
(Dollar amounts in millions)
ytion of issue
Number of
days to
maturity
Amount
of bids
tendered
9
10
16
17
23
24
30
1
6
8
13
15
20
22
27
29
6
5
13
12
3
3
10
10
17
17
24
24
1
31
8
7
15
14
22
21
29
28
5
4
12
11
19
18
26
25
3
2
10
9
17
16
24
23
31
30
7
6
14
13
21
20
91
182
91
182
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
3,132
3,301
28
28
91
183
Maturity
date
1975-Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
May
Feb.
May
Feb.
May
Feb.
May
Feb.
May
Mar.
June
Mar.
June
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
July
May
Aug.
May
Aug.
May
Aug.
May
Aug.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
4,169
2,958
4,747
3,249
3,369
3,459
3,412
3,307
4,497
3,856
3,877
3,690
4,110
3,342
3,393
3,819
5,474
3,814
3,755
3,705
4,442
4,416
4,724
4,915
4,088
3,582
4,085
4,191
4,244
5,044
4,107
3,743
4,096
4,653
3,468
3,822
3,797
4,768
4,511
5,523
4,303
4,533
4,014
3,599
4,598
4,331
5,045
4,361
4,881
4,729
4,094
4,066
4,423
5,479
4,412
4,831
6,426
4,831
4,503
5,542
5,057
4,820
Amount
of bids
accepted
2,702
2,003
2,703
2,003
2,703
2,004
2,705
1,998
2,704
2,100
2,802
2,104
2,800
2,105
2,802
2,102
2,804
2,104
2,802
2,102
2,705
2,201
2,704
2,304
2,603
2,206
2,603
2,202
2,600
2,301
2,702
2,401
2,701
2,499
2,704
2,503
2,702
2,550
2,701
2,501
2,602
2,502
2,503
2,502
2,502
2,601
2,703
2,700
2,701
2,801
2,704
2,702
2,702
2,701
2,701
2,701
2,802
2,801
2,805
2,801
2,803
2,801
2,802
2,803
Average rat
of bids
accepted 2/
(Percent)
6.697
7.364
7.723
7.398
7.525
7.398
7.892
7.766
7.880
7.856
7.604
7.552
7.535
7.428
7.328
7.369
7.524
7.564
7.173
6.911
7.113
7.101
6.698
6.681
6.678
6.646
6.370
6.373
5.606
5.825
5.668
5.736
5.800
5.800
5.408
5.483
5.456
5.675
5.638
5.742
5.622
5.655
5.376
5.473
5.543
5.669
5.562
5.785
6.021
6.352
5.539
5.843
5.653
6.067
5.717
6.158
5.356
5.481
5.183
5.481
5.115
5.412
5.206
5.469
:a.se,
sase I
201
201
202
200
247
199
197
198
198
190
196
202
205
201
294
392
394
405
446
394
496
599
702
805
795
799
797
804
801
801
795
801
Treasury Bulletin
36
.PUBLIC DEBT OPERATIONS.
Table PDO-3'. - New Money Financing through Regular Weekly Treasury Bills 1/ —Continued
(Dollar amounts in millions)
Description of issue
1975-June
5.,
12.
July
3.,
10.,
17.,
24.,
31.,
Aug.
7.,
14.,
21.
28.,
1975- Sept.
4.
11.,
18.,
25.
Oct.
2.,
9.
$5,616
3,898
4/578
4,258
3,811
3,608
4,465
4.505
5,453
6,560
4.505
5,550
5,136
5,262
$2,803
2.701
2,606
2,591
2.701
2.701
2,802
2.901
2,806'
2,905
2,802
2.901
2,904
2.902
91
182
91
183
91
182
92
182
91
182
5,594
5.506
5,306
5,671
4,735
5,918
4,448
6,246
5,368
6,876
91
182
91
182
92
182
4,748
6,245
5,068
4,469
4,608
5,613
3,002
3,002
3,001
3.101
3.103
3,202
3.103
3,202
3,105
3.203
2,903
3,202
2,736
2,920
2.702
2,805
20
19
28
26
4
4
11
11
18
18
26
25
2
1
8
8
92
182
91
182
4.155
5,762
3,684
5,341
3.001
3.103
3.104
3,190
6.547
6.981
6.238
6.571
91
182
92
182
4,125
4,609
4,860
5,072
4,635
4,853
4,992
5,067
5,322
5,270
.3,000
3,103
3,005
3.102
2,999
3.204
3,203
3,304
3.202
3.302
6.045
6.243
5*.886
6.156
5.685
5.974
5.602
5.792
5.279
5.483
5,669
5,492
6,400
6.155
3.203
3.401
3,231
3,412
5.472
5.795
5.521
5.933
5.258
5.505
5.079
5.284
6.008
6.262
6.204
6.509
6.044
6.343
6.246
6.627
6.318
6.719
6.455
6.864
6.349
6.809
6.453
7.000
6.594
7.085
6.382
6.866
6.389
6.889
6.445
6.901
6.315
6.824
$698
493
498
697
802
800
803
801
799
1,000
952
1,005
998
954r
704
702
690r
91
182
91
182
Jan.
Apr.
Feb.
May
Feb.
May
29
29
5
6
13
13
91
182
Feb.
May
Feb.
May
19
26
27
91
182
90
181
Mar.
June
Mar.
June
4
3
11
10
91
182
91
182
5,349
5,202
4,351
6,152
3.203
3.401
2,907
3.302
5.549
5.995
5.634
6.143
798
18.,
Mar.
June
18
17
91
182
4,451
4,767
2.702
3,099
5.491
5.914
764
26.,
Mar.
June
25
24
90
181
3,998
4,606
2,709
3,107
5.340
5.678
813
2.,
Apr.
July
Apr.
July
1
1
8
8
90
2,901
3,301
5,004
3.501
5.207
5.508
5.226
5.521
500
91
182
4,957
5,942
5,084
6,539
Apr.
July
Apr.
July
Apr.
July
15
15
22
22
29
29
91
182
91
182
91
182
5,783
5,457
4,588
5,488
4,774
5,844
2,992
3,403
3.001
3,393
3.102
3.502
4.827
5.066
4.782
5.046
4.763
5.051
490
30.
6.
13.
20.
28.
4.
11.,
1976-Jan.
91
182
91
182
91
183
91
182
91
182
91
182
91
182
15
15
22
23.
Dec.
'1975-Nov.
^1976-Feb.
1975-Nov.
1976-Feb.
1975-Nov.
1976-Feb.
1975-Nov.
1976-Feb.
1975-Dec.
i1976-Mar.
1975-Dec.
1976-Mar.
1975-Dec.
1976-War.
‘1975-Dec.
1976-Mar.
Jan.
Apr.
Jan.
Apr.
4
4
11
11
2
2
9
8
16
15
23
22
30
29
6
5
13
13
New money
increase, or
decrease (-)
Jan.
Apr.
Jan.
Apr.
16.
Nov.
Sept.
Dee.
Sept.
Dee.
Oct.
1976-Jan.
j1975-Oct.
11976-Jan.
1975-Oct.
1976-Jan.
1975-Oct.
1976-Jan.
1975-Oct.
1976-Jan.
Amount
of bids
accepted
Number of
days to
maturity
Maturity
date
Issue
date
Average rate
of bids
accepted 2/
(Percent)
Amount
of bids
tendered
8.
15.
22.
29.
Footnotes at end of table.
22
20
181
595
605
598
704
702
700
738
715
501
487
702
February 197 7
37
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Billsi/-Continued
________________________________ (Dollar amounts in millions)
Description of issue
Issue
date
1Q76-Feb.
5..
13..
Maturity
date
22.,
29..
May
6.,
13..
20..
27.,
June
3..
10.,
17.
24.
July
1.
8.
Amount
of bids
tendered
6
5
13
12
27
26
91
182
90
181
91
182
$4,5056,558
4,709
6,212
4,700
5,121
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
22
21
29
28
5
4
12
12
19
18
26
26
2
2
9
9
16
16
91
182
91
182
23
23
91
182
91
183
91
182
91
183
91
182
91
182
91
182
91
182
5,504
5,370
5,572
6,033
5,557
7,702
Sept.
Dec.
J
Oct.
S 1977-Jan.
30
30
7
6
91
182
91
182
f 1976-May
I
Aug.
r
May
Aug.
May
Aug.
26.,
Apr.
Number of
dajas to
maturity
r
v
^
*
J
(
r
\
|
\
|
\
j
\
f
\
f
t
f
\
Source: See Table FDO-2.
2/ Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on June 5, 1974 ($801 million).
2/ Equivalent average rate on bank discount basis.
2/ On June 11, 1974, the Treasury announced that the amount of bills
5,739
6,519
4,624
6,508
4,955
7,382
3,915
6,567
4,360
5,364
4,376
5,523
4,163
5,222
4,2557,809
Amount
of bids
accepted
$3,109
3,804
3,102
3.902
2.902
3,731
2,506
3,404
2,609
3.502
2.603
3,601
2.603
3,602
2.502
3.503
2,500
3,602
2.504
3,503
2,3093,3992.103
3,202
2,106
3.103
2,302
3,402
2.505
3.506
Average rate
of bids
accepted 2/
(Percent)
4.812
5.066
4.872
5,133
4.869
5.204
4.763
5.089
4.910
5.230
4.920
5.338
5.072
5.425
5.250
5.727
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
5.368
5.754
5.411
5.767
New money
increase, or
decrease (-)
\
$708
J
I
J
\
J
\
J
)
J
)
700
199
-193
-195
-209
J
)
-199
J
)
/
\
-205
J
-211
J
-295
\
-292
J
\
j
K
J
\
J
i
>
-291
-302
-200
-188
offered would be $200 million more than the amount maturing. It
stated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
6/20/74
7/23/74
7/24/74
8/1/74
8/6/74
8/7/74
8/8/74
8/21/74
8/28/74
7/2/74
7/30/74
7/30/74
8/7/74
8/15/74
8/15/74
8/15/74
8/27/74
9/4/74
Description of securities l/
8.256%
8.049%
7.836%
9.655%
9%
9%
8-1/2%
Bill
Bill
Bill
Bill
Note
Note
Bond
9.564% Bill
9.767% Bill
8.341% Bill
-
Note
Note
Bill
Note
Bill
Note
Note
Bond
Bill
Bill
Bill
Bill
Bill
Note
Note
Note
_
_
_
_
_
_
_
_
-
9/18/74
9/24/74
9/24/74
7/
10/16/74
10/23/74
10/29/74
11/6/74
11/7/74
9/30/74
10/1/74
10/22/74
11/6/74
11/4/74
11/15/74
11/15/74
8-1/4%
1-1/2%
7.629%
7-7/8%
7.933%
7-3/4%
7-3/4%
11/8/74
11/15/74
8-1/2%
11/L3/74
11A9/74
7.362%
11/20/74
12/3/74
12/4/74
12/5/74
7.426%
7.527%
7.521%
12A7/74
6.625%
7-1/4%
7-7/8%
11/21/74
li/26/74
12/11/74
12/23/74
12/30/74
1/2/7,
12/31/74
1/7/75
1/9/75
8%
1/8/75
1/14/75
6.378% Bill
1/28/75
1/29/75
1/30/75
2/5/75
2/18/75
2/18/75
2/18/75
2/11/75
7-1/8% Note
7-3/8% Note
7-7/8% Bond
2/19/75
3/3/75
5.313% Bill
Note
Note
\6%
(5-7/8%
3/5/75
3/11/75
3/11/75
3/13/75
3/18/75
3/20/75
4/1/75
7-3/4%
6%
' 6-1/2%
8-1/4%
7-1/8%
1-1/2%
4/8/75
4/15/75
4/30/75
3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/1/75
4/8/75
4/14/75
4/30/75
5/6/75
5/6/75
5/7/75
5/8/75
5/14/75
5/22/75
5/28/75
6/17/75
5/15/75
5/15/75
5/15/75
5/27/75
6/6/75
6/3/75
6/30/75
6/24/75
7/1/75
6/25/75
7/9/75
7/31/75
7-5/8%
8%
8-1/4%
6-3/4%
6-1/2%
5.803%
6-1/2%
6.292%
7-3/4%
2/
m T f5
J
5.637% Bill
6‘.475%
6.560%
7-3/8%
6.400%
Note
Note
Note
Bond
Note
Note
Bill
Bill
Note
Bill
7/17/75
7/24/75
7/29/75
7/29/75
8/15/75
7-1/2%
6.782%
7-7/8%
7/30/75
7/31/75
8/7/75
8/14/75
8/20/75
8/21/75
9/4/75
9/4/75
8/15/75
8/15/75
8/8/75
8/29/75
8/26/75
9/4/75
9/5/75
9/5/75
8-1/8%
8-3/8%
6.280%
8-1/4%
7.331%
8-1/2%
6.175%
6.156%
Note
Note
Bond
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
Note
Bond
Bill
Note
Bill
Note
Bill
Bill
9/16/75
9/17/75
9/24/75
2/
10/7/75
10/15/75
10/16/75
10/29/75
10/30/75
9/30/75
9/23/75
10/7/75
10/1/75
10/22/75
10/21/75
10/31/75
11/17/75
11/17/75
8-3/8%
7.338%
8%
1-1/2%
8-1/8%
6.600%
7-1/2%
7-7/8%
8-3/8%
Note
Bill
Note
Note
Note
Bill
Note
Note
Bond
Footnotes at end of table.
_
_
_
_
-
-
_
-
_
-
_
_
_
-
_
_
_
_
-
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Exchange
Cash
days) 2/
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. 5/
5/15/77-D
2y 9m
8/L5/80-B
6y
5/15/94-99 - Reopening
24y 9m
8/26/75
6/30/75
9/23/75
9/30/76-J
10/1/79-E0
10/21/75
5/15/79-D
6/19/75
ll/15/77-E
ll/15/81-B
5/15/94-99 - Reopening
11A8/75
4A6/75 Tax ant.
"Strip " of 5 Series
6/17/75 Tax ant.
12A6/75
12/31/76-K
5/l5/79-D-Reopening
3/31/76-H-Reopening
4/6/76
1/31/76
4/30/77-H
5/4/76
8/15/78-E
5/15/82-A
5/15/00-05
5/31/77-1
10/31/76-0
6/1/76
6/30/77-J
6/29/76
6/30/79-E
7/31/77-K
9/30/77-M
9/21/76
2/28/78-G
10/1/80-E0
12/31/78-H
10/19/76
10/31/77-N
_
2,936
2,461
2,935
4,934
-
1,803
2,003
-
1,803
364d
1,059
1,818
_
2,003
3,275
1,816
949
338
3,802
4,904
1,671
3,749
2,807
1,760
1,915
_
77
-
3,355
-
2,001
6,698
4,241
697'
400
150
_
3,263
3y
7y
364d
134d
(Average) 22d
194d
364d
2y
4y 4m
ly 3m
364d
3y 3m
6y
25y
2,481
2,284
364d
ly 6m
2y
364d
8m
2m
3,354
2,967
3,189
4,272
3,438
2,993
2,961
lm
8m
364d
292d
364d
3y 3m
75r
30y
2y
ly 5m
364d
2y
364d
2,898
3,796
J7I35
3,681
4,158
4,427
5,390
3,865
1,848
3,572
2,666
3,851
2,775
3,321
4y
5,384
2y
5,391
364d
2y 9m
7y
25y
18d
2y
364d
4y
lm
13d
20d
2y
364d
2y 5m
5y
2y 2m
2y
11/15/82-C
7y
8/15/95-2000-Reopening 24y 9m
400
205
24y 6m
2y
486
1,802
1,501
1,806
1,526
2,393
1,835
2,980
227d
7/27/76
5/15/78-F
8/15/82-B
8/15/95-2000
8/26/75 - Reopening
8/31/77-L
8/24/76
9/30/79-F
9/18/75 - Reopening
9/25/75 - Reopening
2,654
4,321
2,573
4,319
4,4a
3,788
1,060
3,254
3,580
2,274
3,860
4,403
4y 6m
6y
ly
2y
15y
ly
5y
For
cash
364d
5y
3/9/76
ll/15/81-B-Reopening
5/31/76-M
3/31/77-G
5/15/90
11/30/76-N
4/1/8O-EA
364d
299d
2y
1/13/76
5/15/78-D
2/15/81-C
2/15/95-2000
2/10/76
8/31/76-L
2/28/77-F
364d
244d
364d
44d
Amount issued ,2/
364d
4,591
5,657
3,670
1,978
6,669
4,956
7,121
4,362
3,000
3,236
6,899
6,133
3,906
3,331
3,858
4,719
4,461
2,246
1
-
2
2,300
1,233
850
-
-
1,372
902
313
-
1,016
1,501
2,570
1*766
603
2,002
2,251
1,001
1,256
2,001
2,205
1,253
756
1,768
752
2,103
1,662
1,665
2,102
1,762
1,580
2,576
1,247
1,507
2',205
1,586
1,579
2,435
2,855
1,514
754
2,137
1,579
2,404
2,170
2,591
1,782
1,516
2,293
_
-
3,051
2,017
801
1,000
2,021
2,893
2,081
849
700
33
3
384
150
3,192
2,858
2,115
2,517
3,062
3,156
2,517
1,001
_
In exchange
V
2,93^
2,461) 3 /
486J
-
Allot
ment
ratio
Jfl/
11 /
205 12/
22 /
1
1'949
05<R,
M //
338/
..
7720/
_
-
14 /
16/
17/
18/
21/
22/
22/
6971
400 )24/
150/
_
21/
26/
22/
28/
23/
-
_
_
_
2
_
_
2,300^
850/
-
20/
21/
22/
25/
22/
^8/
12/
MO/
U/
42/
-
12/
_
1,3?4 ,
902U2/
313
_
-
44/
33 JO/
3
1 5 0 j^
46 /
m/
£&/
49/
JO/
32/
12/
5A/
51/
12/
W
February 1977
39
________________PUBLIC DEBT OPERATIONS________________
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Period to final
Issue
date
Description of securities 1/
3/24/76
3/29/76
11/18/75
12/5/75
12/8/75
12/8/75
12/16/75
12/31/75
1/6/76
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2/17/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
6 .010$
5.822$
5.220$
5.140$
6.440$
7-1/4$
7-1/2$
5.578$
7-3/8$
6-3/8$
8$
5.572$
7$
8-1/4$
6-5/8$
6 .010$
7-1/2$
6-3/4$
1-1/2$
7-3/8$
5.781$
Bill Bill Bill Bill Bill Note Note Bill Note Note Note Bill Note Bond Note Bill Note Note Note Note Bill -
11/15/76
4/22/76 - Reopening
12/18/75 - Reopening
12/26/75 - Reopening
12/14/76
12/31/77-P
12/31/79-G
1/11/77
5/15/81-D
1/31/78-J
2/15/83-A 6/
2/8/77
2/15/79-H
5/15/2000-05 Reopening
11/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/1/81-EA
2/15/81-E
4/5/77
4/29/76
5/4/76
5/5/76
5/7/76
5/4/76
5/17/76
5/17/76
5/17/76
5.645$
6-1/2$
7-7/8$
7-7/8$
7-1/8$
6.309$
5.520$
7-5/8$
5/3/77
4/30/78-L
5/15/86-A
6/
2/15/95-2000-Reopening
5/31/78-M
5/31/77
6/17/76-Reopening
6/30/80-D
9/15/76
9/21/76 7/
9/28/76
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
6/1/76
6/1/76
6/8/76
6/10/76
6/20/76
6/30/76
7/9/76
7/27/76
7/30/76
8/16/76
8/16/76
8/16/76
8/24/76
8/31/76
10/1 '76
9/21/76
9/30/76
10/12/76
10/19/76
11/1/76
11/15/76
11/15/76
11/15/76
11/15/76
Bill Note Note Bond Note Bill Bill Note Bill Note Note Bill Note Note Note Bond Bill Note ^
Note Bill Note Note Bill Note Note Note Bond Bill -
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
11/30/76
12/7/76
12/10/76
12/14/76
12/31/76
1/06/77
1/11/77
2/03/77
2/15/77
2/08/77
2/15/77
2/15/77
11/13/75
12/2/75
12/5/75
12/5/75
12/10/75
12/16/75
12/22/75
1/7/76
1/13/76
l/H/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/76
1/
5/26/76
6/7/76
6/3/76
6/23/76
6/21/76
6/29/76
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
8/19/76
following page.
6.081$
6-7/8$
7-5/8$
5.739$
6-7/8$
6-7/8$
8$
8$
5.634$
6-5/8$
1-1/2$
5.561$
6-1/4$
7$
5.126$
5-7/8$
6-1/4$
7$
7-7/8$
5.201$
5-3/4$ Note 5-7/8$ Note 4 .448$ Bill -
4.708$
5-1/4$
6-1/8$
4.728$
5-7/8$
6-1/2$
5.345$
7-1/4$
7-5/8$
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
-
6/28/77
6/30/78-N
8/15/81-F
7/26/77
7/31/78-P
8/15/79-J
8/15/86-B 6/
8/15/1996-2001
8/23/77
8/31/78-Q
10/l/8r-E0
9/20/77
9/30/78-R
ll/15/81-G
10/18/77
10/31/78-S
11/15/79-K
11/15/83-B
2/15/95-2000-Reopening
11/15/77
11/30/78-T
12/31/80-F
4/21/77-Reopening
12/13/77
12/31/78-U
2/15/82-D
1/10/78
1/31/79-L
2/15/80-G
2/07/78
2/15/84-A
2/15/2002-07
Tno+nn*!
mo. uul j.+tr
ujr
Amount of sub
scriptions tendered
(years, months,
days) 2/
Cash
363d
139d
lOd
18d
364d
5,482
5,289
1,657
1,977
6,013
4,390
4,294
4,901
3,328
3,603
29,211
4,913
4,481
712
4,959
5,666
5,507
4,851
2y
4y
364d
5y 4m
2y
7y
364d
3y
29y 3m
ly 9m
364d
4y
2y
5y
4y 10-l/2m
2y
10y
23y 9m
2y
5,180
364d
6,046
364d
5,668
4,712
9,000
1,525
4,952
4,381
6,007
5,246
364d
9d
4y lm
364d
2y
5y lm
364d
2y
3y
L0y
I5j
364d
2y
5y
364d
2y
364d
2y
3y
7y
!3y 3m
365d
2y
4y lm
132d
364d
2y
5y lm
364d
2y
3y
364d
7y
<)0y
4,856
4,296
5,581
5,663
4,829
5,459p
24,369p
2,554P
4,934p
4,676p
6,404p
5,233p
4,177p
5,219p
4,352p
5,669p
6,469p
l,544p
5,370p
4,088p
5,621p
4,695p
6,688p
6,597p
5,318
7,053p
5,858p
6,I66p
5,734P
4,754p
2,351p
Exchange
Amount issued 2/
For
cash
In exchange
U
Allot
ment
ratio
3,245
-
212
2,002
602
601
3,253
2,553
2,006
3,069
212
2,020
1,939
1,600
215
97
*
2,508
6,019
2,930
3,092
402
2,628
3,lp5
2,069
3,065
2,628
1,939
692
700
*1,477
250
204
*
326
168
70
50
136
252
1,300
881
391
3,335
2,274
4,747
751
2,485
2,921
2,010
2,185
2,612
2,639
2,586
2,977
2,855
2,055p
7,982p
981p
2,953p
2,744p
2,867p
2,766p
2,515p
3,095p
2,753p
3,284p
2,235p
l,000p
3,396p
2,803p
2,692p
2,000p
3,253p
3,125p
2,697p
3,071p
2,839p
3,284p
2,930p
2,000p
751p
61/
62/
62/
1,600
215
64/
65/
66/
97
*
68/
62/
62/
3,203
300
472
117
82
52/
60/
300
472
117
82
20/
Zl/
32/
22/
W
692
25/
26/
700
1,477
250
22/
28/
22/
80/
204
*
81/
326
82/
82/
168
70
50
84/
85/
86/
82/
136
88/
82/
252
20/
21/
1,300
92/
92/
881
391
24/
25/
Treasury Bulletin
40
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-4.
Source:
Bureau of the Public Debt.
Note: All securities (except EA & EO notes), except those bearing footnote
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued is in addition to the amount of
original offerings.
4/ For securities exchanged for the new issues see Table PDO-7.
J/ Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Sold at fixed price by subscription.
7/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
2/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
2/ Prices accepted ranged from 101.28 (yield 8.48%) down to 100.86
(yield 8.65%) with the average at 101.00 (yield 8.59%).
10/ Prices accepted ranged from 101.50 (yield 8.67%) down to 101.01
(yield 8.78%) with the average at 101.15 (yield 8.75%).
11/ Prices accepted ranged from 99.76 (yield 8.52%) down to 98.00 (yield
8.70%) with the average at 98.70 (yield 8.63%).
12/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
13/ Yields accepted ranged from 8.39% (price 99.75) down to 8.20% (price
100.09) with the average at 8.34% (price 99.84).
14/ Yields accepted ranged from 7.93% (price 99.787) down to 7.78%
(price 100.349) with the average at 7.89% (price 99.937).
15/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
16/ Yields accepted ranged from 7.87% (price 99.685) down to 7.78%
(price 99.921) with the average at 7.85% (price 99.737).
17/ Yields accepted ranged from 7.86% (price 99.416) down to 7.75%
(price 100.000) with the average at 7.82% (price 99.628).
18/ Prices accepted ranged from 103.50 (yield 8.17%) down to 102.79
(yield 8.23%) with the average at 103.04 (yield 8.21%).
19/ Sale of a "strip" of Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
21/ Yields accepted ranged from 7.37% (price 99.781) down to 7.15%
(price 100.183) with the average at 7.32% (price 99.872).
22/ Prices accepted ranged from 102.20 (yield 7.27%) down to 101.80
(yield 7.37%) with the average at 101.95 (yield 7.33%).
23/ Prices accepted ranged from 100.91 (yield 7.18%) down to 100.80
(yield 7.27%) with the average at 100.84 (yield 7.24%).
24/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975.
25/ Yields accepted ranged from 7.17% (price 99.814) up to 7.23% (price
99.643) with the average at 7.21% (price 99.700).
26/ Yields accepted ranged from 7.40% (price 99.881) up to 7.52% (price
99.311) with the average at 7.49% (price 99.453).
27/ Yields accepted ranged from 7.89% (price 99.837) up to 7.96% (price
99.084) with the average at 7.95% (price 99.191).
28/ Yields accepted ranged from 5.88% (price 99.993) up to 5.98% (price
99.852) with the average at 5.94% (price 99.908).
29/ Yields accepted ranged from 5.97% (price 100.056) up to 6.12% (price
99.778) with the average at 6.09% (price 99.834).
20/ Prices accepted ranged from 101.51 (yield 7.45%) down to 101.07
(yield 7.54%) with the average at 101.21 (yield 7.51%).
31/ Yields accepted ranged from 5.90% (price 100.082) up to 6.01% (price
99.757) with the average at 5.98% (price 99.991).
32/ Yields accepted ranged from 6.40% (price 100.185) up to 6.60% (price
99.815) with the average at 6.51% (price 99.982).
22/ Yields accepted ranged from 8.15% (price 100.826) up to 8.37% (price
98.947) with the average at 8.31% (price 99.455).
34/ Yields accepted ranged from 6.95% (price 100.234) up to 7.19% (price
99.865) with the average at 7.15% (price 99.926).
25/ Yields accepted ranged from 7.37% (price 100.009) up to 7.45% (price
99.863) with the average at 7.43% (price 99.900).
36/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1975.
22/ Yields accepted ranged from 7.60% (price 100.001) up to 7.74% (price
99.604) with the average at 7.70% (price 99.717).
22/ Yields accepted ranged from 7.96% (price 100.212) up to 8.02% (price
99.894) with the average at 8.00% (price 100.000).
22/ Yields accepted ranged from 8.25% (price 100.000) up to 8.32% (price
99.232) with the average at 8.30% (price 99.450).
£0/ Yields accepted ranged from 6.79% (price 99.924) up to 6.92% (price
99.683) with the average at 6.86% (price 99.794).
41/ Yields accepted ranged from 6.38% (price 100.158) up to 6.58% (price
99.895) with the average at 6.54% (price 99.947).
42/ Yields accepted ranged from 6.50% (price 100.000) up to 6.69% (price
99.650) with the average at 6.61% (price 99.797).
43/ Yields accepted ranged from 7.74% (price 100.034) up to 7.85% (price
99.664) with the average at 7.83% (price 99.731).
44/ Yields accepted ranged from 7.49% (price 100.018) up to 7.53% (price
99.945) with the average at 7.52% (price 99.963).
45/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1975.
46/ Yields accepted ranged from 7.75% (price 100.233) up to 7.97% (price
99.695) with the average at 7.94% (price 99.768).
£Z/ Yields accepted ranged from 8.06% (price 100.343) up to 8.18% (price
99.711) with the average at 8.14% (price 99.921).
42/ Yields accepted ranged from 8.38% (price 99.948) up to 8.48% (price
98.917) with the average at 8.44% (price 99.327).
49/ Yields accepted ranged from 8.15% (price 100.180) up to 8.29% (price
99.926) with the average at 8.25% (price 99.998).
50/ Yields accepted ranged from 8.45% (price 100.145) up to 8.56% (price
99.773) with the average at 8.54% (price 99.840).
51/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
52/ Yields accepted ranged from 8.40% (price 99.955) up to 8.46% (price
99.847) with the average at 8.44% (price 99.883).
53/ Yields accepted ranged from 8.05% (price 99.893) up to 8.13% (price
99.722) with the average at 8.10% (price 99.786).
54/ Yields accepted ranged from 8.06% (price 101.121) up to 8.19% (price
99.761) with the average at 8.14% (price 99.899).
55/ Yields accepted ranged from 7.47% (price 100.055) up to 7.59% (price
99.836) with the average at 7.55% (price 99.909).
56/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing 11/15/75.
57/ Yields accepted ranged from 7.87% (price 100.027) up to 7.95% (price
99.603) with the average at 7.92% (price 99.762).
58/ Prices accepted ranged from 101.73 (yield 8.21%) down to 101.34
(yield 8.24%) with the average at 101.50 (yield 8.23%).
59/ Yields accepted ranged from 7.24% (price 100.018) up to 7.31% (price
99.890) with the average at 7.28% (price 99.945).
60/ Yields accepted ranged from 7.43% (price 100.238) up to 7.53% (price
99.898) with the average at 7.50% (price 100.000).
61/ Yields accepted ranged from 7.35% (price 100.108) up to 7.42% (price
99.806) with the average at 7.40% (price 99.892).
62/ Yields accepted ranged from 6.41% (price 99.935) up to 6.51% (price
99.751) with the average at 6.49% (price 99.788).
63/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00%).
64/ Yields accepted ranged from 7.00% (price 100.000) up to 7.09% (price
99.761) with the average at 7.05% (price 99.867).
65/ Prices accepted ranged from 102.14 (yield 8.05%) down to 101.42
(yield 8.12%) with the average at 101.75 (yield 8.09%).
66/ Yields accepted ranged from 6.57% (price 100.039) up to 6 .64% (price
99.925) with the average at 6.62% (price 99.957).
67/ Yields accepted ranged from 7.50% (price 99.990) up to 7.55% (price
99.818) with the average at 7.54% (price 99.853).
68/ Yields accepted ranged from 6.71% (price 100.074) up to 6.80% (price
99.908) with the average at 6.76% (price 99.982).
69/ Yields accepted ranged from 7.35% (price 100.101) up to 7.39% (price
99.940) with the average at 7.38% (price 99.980).
70/ Yields accepted ranged from 6.59% (price 99.837) up to 6.63% (price
99.765) with the average at 6.61% (price 99.801).
ZL/ All accepted subscriptions were awarded at the price of 100.00
, (yield 7.875%).
7 2 / Prices accepted ranged from 97.50 (yield 8.11%) to 96.36 (yield
8.22%) with the average at 96.73 (yield 8.19%).
73/ Yields accepted ranged from 7.08% (price 100.082) up to 7.19%
(price 99.881) with the average at 7.16% (price 99.936).
7 4 / Yields accepted ranged from 7.68% (price 99.796) up to 7.73%
(price 99.625) with the average at 7.73% (price 99.693).
75/ Yields accepted ranged from 6.96% (price 99 .844) up to 7.01%
(price 99.752) with the average at 6.99% (price 99.789).
76/ Yields accepted ranged from 7.60% (price 100.076) up to 7.64%
(price 99.909) with the average at 7.63% (price 99.951).
77/ Yields accepted ranged from 6.90% (price 99.953) up to 6.96% (price
99.843) with the average at 6.95% (price 99.861).
78/ Yields accepted ranged from 6.88% (price 99.987) up to 6.92% (price
99.880) with the average at 6.91% (price 99.907).
79/ All accepted subscriptions were awarded at the price of 100.00 (yield
8.00%).
80/ Yields accepted ranged from 7.98% (price 100.215) up to 8.03% (price
99.679) with the average at 8.01% (price 99.893).
ffl/ Yields accepted ranged from 6.59% (price 100.065) up to 6.69% (price
99.880) with the average at 6.67% (price 99.917).
82/ Yields accepted ranged from 6.27% (price 99.963) up to 6.32% (price
99.870) with the average at 6.30% (99.907).
83/ Yields accepted ranged from 7.02% (price 99.894) up to 7.10% (price
99.557) with the average at 7.08% (price 99.641).
84/ Yields accepted"ranged from 5.88% (price 99.991) up to 5.99% (price
99.787) with the average at 5.96% (price 99.842).
25/ Yields accepted ranged from 6.32% (price 99.811) up to 6.37% (price
99.677) with the average at 6 .36% (price 99.704).
86/ Yields accepted ranged from 7.00% (price 100.000) up to 7.02% (price
99.891) with the average also at 7.02%.
22/ Prices accepted ranged from 101.05 (yield 7.77%) down to 100.58
(yield 7.82%) with the average at 100.79 (yield 7.80%).
88/ Yields accepted ranged from 5.76% (price 99.981) up to 5.94% (price
99.647) with the average at 5.86% (price 99.795).
89/ Yields accepted ranged from 5.87# (price 100.007) up to 5.92% (price
99.829) with the average at 5.91% (price 99.864).
90/ Yields accepted ranged from 5.29% (price (99.925) up to 5.38% (price
99.757) with the average at 5.37% (price 99.775).
91/ Yields accepted ranged from 6.15% (price 99.872) up to 6.20% (price
99.656) with the average at 6.19% (price 99.699).
92/ Yields accepted ranged from 5.94% (price 99.880) up to 5.99% (price
99.787) with the average at 5.97% (price 99.824).
93/ Yields accepted ranged from 6.56% (price 99.839) up to 6 .64% (price
99.625) with the average at 6.62% (price 99.678).
94/ Yields accepted ranged from 7.21% (price 100.217) up to 7.27% (price
99.892) with the average at 7.25% (price 100.000).
95/ Yields accepted ranged from 7.58% (price 100.530) up to 7.63% (price
99.941) with the average also at 7.63%.
*
Less than $500,000.
p
Preliminary.
February 1977
41
PUBLIC DEBT OPERATIONS
mmm
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
financing
1977
6$
6-1/2$
7-3/8$
Note
Note
Note
2/28/77-F
3/31/77-G
4/30/77-H
3/3/75
3/31/75
4/30/75
6-7/8$
Note
5/15/77-C
2/15/74
9$
Note
5/15/77-D
8/15/74
6-3/4$
6-1/2$
7-1/2$
Note
Note
Note
5/31/77-1
6/30/77-J
7/31/77-K
5/27/75
6/30/75
7/31/75
8/15/70
7-3/4$
Note
8/15/77-B
8/15/73
8-1/4$
Note
8/31/77-L
8/29/75
Amount issued
(In millions)
$1,665
2,576
1,579
307
2,258
2,565
2,936
2,393
5,329
2,137
2,170
1,516
752
1,512
C
C
C
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
$99,834
99.982
99.900
100.51
100.51
6.09$
6.51
7.43
6.70
6.70
2/
2/
2/
7-3/4$
2/
101.00
101.00
8.59
8.59
5-5/8$
2/
99.794
99.797
99.963
99.75
99.75
6.86
§.61
7.52
7.80
7.80
2/
2/_
99.07
99.07
99.07
Note
-
2/15/74-C
Note
-
8/15/74-B
M
6-3/8$
4$
Note
Bond
8/15/70-D
8/15/70
7.92
7.92
7.92
8-1/8$
4$
2/
Note
Bond
/15/73-B
8/15/73
99.998
8.25
2/
99.883
99.883
8.44
8.44
2/
8-3/8
Note
9/30/75-0
99.909
7.55
2/
1,059
2,570
3,630
2,628
99.737
99.737
7.85
7.85
5-V4$
2/
99.957
6.62
2/
2,264
234
394
2,026
2,654
2,021
3,193
33
3,226
3,156
8-3/8$
Note
9/30/77-M
9/30/75
7-0/2$
Note
10/31/77-N
10/31/75
7-3/4$
Note
ll7l5/77-E
11/15/74
6-5/8$
Note
11/30/77-Q
3/3/76
7-1/4$
Note
12/31/77-P
12/31/75
212
2,553
2,765
99.945
99.945
7.52
7.52
7$
2/
1978
6-.3/8)6
Note
1/31/78-J
2/2/76
2,511
99.788
6.49
2/
2,115
97p
3,066p
3,162p
99.786
99.982
99.982
8.10
6.76
6.76
2/
8$
2/
300
2,274
2,574
578
118
3,264
3,960
1,372
3,051
4,423
99.801
99.801
6.61
6.61
5-3/4$
2/
Note
99.700
99.700
99.700
7.21
7.21
7.21
5-3/4$
5-7/8$
2/
Note
Note
99.768
99.768
7.94
7.94
5-7/8$
2/
Note
8/15/75-C
8)6
Note
2/28/78-G
10/7/75
<>-3/456
Note
3/31/78-K
3/31/76
6-1/2J6
Note
4/30/78-1
5/17/76
7-1/8$
Note
5/15/78-D
2/18/75
7-7/8$
Note
5/15/78-F
8/15/75
Note
-
11/15/74-A
Note
-
12/31/75-H
3/31/76-H
Note
5A5/76-E
-
2/15/75-A
2/15/75-E
,
7-1/8$
Note
5/31/78-M
6/1/76
82
2,485
2,567
99.936
99.936
7.16
7.16
6$
2/
Note
5/31/76-M
6-7/8$
Note
6/30/78-N
6/30/76
99.789
99.789
6.99
6.99
8-3/4$
2/
Note
6/30/76-1
6-7/8$
Note
7/31/78-P
7/30/76
692p
2,638p
3*331f>
2,855p
99.861
6.95
2/
8-3/4$
Note
8/15/78-C
5/15/74
345
100.07
100.07
100.07
8.73
8.73
8.73
7-1/4#
4-1/4$
2/
Note
Bond
5A5/74-D
5/15/74
99.717
99.717
7.70
7.70
6$
2/
Note
5/15/75-B
240
7-5/8$
Note
8/15/78-E
5/15/75
1,880
2,462
2,300
2,855
5,155
Treasury Bulletin
42
,PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities-'
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate____
Eligible securities exchanged
1978
6-5/8$
Note
8/31/78-Q
8/31/76
6-1/4$
Note
9/30/78-R
9/30/76
5-7/8$
Note
10/31/78-S
Note
II/15/78-B
11/15/71
5-3/4$
Note
ll/30/78-T
11/30/76
8-3/5$
Note
I2/3I/78-H
10/22/75
12/31/78-U
12/31/76
Note
2/15/79-H
f
/
\
2,921p
53T“
3,109
1,446
602
841
509
1,067
8,207
136p
2,803p
2,939p
2,517
5-7,
2/
Note
QQ.907
99.907
6.30
8-1/4$
Note
99.842
99.842
5.96
5.96
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8$
7-3/4$
4-3/4$
6-3/4$
5$
3-7/8$
4$
99.795
99.795
5.86
7-1/8$
5.86
2/
2/
6.30
2/
99.899
5.14
252p
3,124p
3^377p
99.775
99.775
5.37
5.37
368
99.867
99.867
99.867
7.05
7.05
7.05
6-1/4$
5-7/8$
2/
8/31/76-L
-
Q/30/76-J
Note
-
10/31/76-0
Note
Note
Note
Note
Note
Bond
Bond
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
-
II/3O/76-N
Note
12/31/76-K
Note
Note
2/15/76-A
2/15/76-F
2/17/76
11/6/74
1/7/75
1,016
1,253
99.937
101.95
7.89
7.52
2/
1,782
99.731
99.907
99.907
7.83
6.91
6.91
2/
7-1/2$
2/
Note
8/15/76-C
99.§40
99.40
99.40
8.54
27
4-7/8$
2/
Note
2/15/73-D
Bond
11/15/73
Note
5/15/79-D
7-3/4$
Bote
6/30/79-E
6-7/8$
Note
5/15/79-J
7/9/75
8/16/76
9/30/79-F
9/4/75
Note
326P
2,868p
6.67$
6.67
$ 99.917
99.917
1,232
3,092
,4,692 .
7-7/8$
8-1/'2$
r
(
11/1/76
6$
5-1/4$
$254P
2,895p__
6-5/8$
Note
ll/15/79-B
2/15/73
7$
Note
11/15/79-C
11/15/73
6-1/4$
Note
ll/15/79-K
11/15/76
12/31/79-G
L
700p
2,289p
2,989p
2 ,08l “
595
1,009
1,604
6.73
6.73
2/
100.88
100.88
6.82
6.82
4-1/8$
70p
3,306p
3,376p
99.704
99.704
6.36
6.36
6-1/4$
2/
1/6/76
2,006
100.00
7.51
2/
r 1/23/59
I 12/15/62
884
34
99.00
99.50
99.50
4.07
4.04
4.04
2/
3/17/76
34
2,069
99.853
99.29
99.29
99.29
7.54
7.00
7.00
7.00
99.693
101.15
101.15
7.71
8.75
8.75
99.799
99.567
6.93
5.91
2/
6.95
6.95
6.95
7-3/4$
4-1/8$
2/
220
2,021
2/
2,241
7-1/2$
1980
Note
4$
Bond
7-1/2$
Note
2/15/801/
3/31/80-C
2,636
6-7/8$
Note
5/15/80-A
5/15/73
7-5/8$
Note
6/30/80-D
6/10/76
9$
6-7/8$
5-7/8$
1981
2,585
2,043
7,265
2,185
2,461
Note
8/15/80-B
8/15/74
1,835
4,296
Note
Note
9/30/80-E
12/31/80-F
9/14/76
12/7/76
2^Ulp
2,697p
Note
2/15/81-A
2/15/74
302
25
7$
Footnotes at end of table.
{.
1,515
1,842
100.28
100.28
100.28
11/15/76-D
Series F&G savings bonds
2/
2/
7-3/4$
4-3/4$
2/
Note
Note
-
5/15/73-A
5/15/73-E
2/
5-5/8$
Note
8/15/74-B
Note
Bond
2/15/74-C
2/15/74
2/
2/
February 1977
43
PUBLIC DEBT OPERATIONS
PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operationsi-Continued
Description of securities
Amount issued
(In millions)
Date of
financing
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1981
$400
2/18/75
7-3/8%
Note
7-3/8%
7-5/8%
Note
Note
5/15/81-D
8/15/81-F
1,768
2,168
4/5/76
1/26/76
2,628
7/9/76
2,586
2,020
202
7%
Bond
8/15/81
8/15/71
7-3/4%
Note
11/15/81-B
f 11/15/74
3/19/75
1,7&
2,7l£
1,762
7%
1982
6-3/8%
6-1/8%
Note
11 '15''81-G
10/12/76
2,543p
505
8%
7-7/8%
2/15/82-D
5/15/72
1/6/77
Note
5/15/82-A
5/15/82
Note
Note
8/15/82-B
11/15/82-C
C
2,697p
1,233
1,514
2,747
t
8/15/75
11/17/75
f
11/15/76
I
5-3/4%
2/
99.980
99.892
7.38
7.40
2/
2/
99.951
99.20
99.20
99.20
7.63
7.11
7.11
7.11
2/
99.628
99.628
7.82
7.82
101.25
7.70
2/
99.641
100.60
7.08
6.34
2/
99.699
100.00
100.00
6.19
8.00
8.00
8-1/4%
4%
2/
Note
- 2/15/75-A
Note
Bond
8/15/71-F
8/15/71
Note
11/15/74-A
2/
Note
5/15/75-B
£/
902
2,017
2,918
99.921
99.921
8.14
8.14
5-7/8%
2/
Note
-
8/15/75-C
384
99.762
99.762
7.92
7.92
7%
2/
Note
-
11/15/75-D
99.891
99.891
7.02
7.02
2/
Note
-
11/15/76-D
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50'
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5%
4%
2-1/2%
6%
2-1/2%
5-3/4%
3-7/8%
5-3/4%
5-7/8%
2/
100.50
3.22
2/
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8%
7-3/4%
4-3/4%
6-3/4%
5%
3-7/8%
4%
2/
Note
Note
Note
Note
Note
Bond
Bond
101.00
101.00
101.00
4.19
4.19
4.19
4%
3-1/4%
Note
Note
2/
8/15/62-B
8/15/62-G
99.85
95.05
95.05
95.05
4.01
1/
8-1/8%
4%
2/
Note
Bond
8/15/73-B
8/15/73
4-1/8%
Bond
11/15/73
Note
Bond
2/15/74-C
2/15/74
2,518
2,902
11/15/83
7.49%
7.49
to to to
8-1/8%
2/15/82 l/t
Bond
Note
411
195
807
$99,453
99.453
50p
2,259p
6-1/4%
2,309!p
Bond
8/15/84
8/15/72
6-1/8%
Bond
Bond
5/15/85
11/15/86
6/3/58
1,135
11/15/71
1,216
1287
4-1/4%
1988
4%
Bond
Bond
8/15/87-921/
2/15/88-93
8/15/62
1/17/63
7-1/2%
Bond
8/15/88-93
11/15/73
2/15/74
252
93
333
500
925
136
302
438
10
240
301
551
Footnotes at end of table.
100.45
100.45
100.45
888
8/15/73
I
5
360
365
kk
3-1/4%
1986
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
2,353
mi
HM
88
6-3/8%
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
7.78
7.78
7.68
7.68
7.68
2/
7-3/4%
4-1/8%
2/
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
Treasury Bulletin
44
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Description of securities
1989
4-1/8$
1990
8-1/4$
1993
6-3/4$
7$
Date of
financing
Bond
5/15/89-94
4/18/63
$300
Bond
5/15/90
4/7/75
1,247
Bond
2/15/93
1/10/73
Bond
5/15/93-98
5/15/73
1994
5/15/74
8-1/2$ Bond
5/15/Q4-Q9
8/15/74
11/15/74
4.09$
Z/
99.455
8.31
2/
627
* 40
652
692
99.50
98.75
98.75
6.79
7.11
7.11
2/
7-3/4$
Z/
279
309
588
486
102.85
102.85
8.21
8.21
400
98.70
98.70
885
196
142
b03
103.04
103.04
1U3.04
Note
5/15/73-A
4-1/4$
2/
Bond
5/15/74
8.46
5-5/8$
Note
8/15/74-B
8.46
Z/
8.37
8.37
8.37
5-3/4$
3-7/8$
2/
Note
Bond
11/15/74-A
11/15/74
Bond
2/15/95-00
150
752
902
99.191
99.191
7.95
7.95
2/
5-3/4$
Note
2/15/75-A
5/17/76
117
750
868
96.73
96.73
8.19
8.19
6-1/2$
2/
Note
5/15/76-B
l,001p
313
801
1,114
100.79
99.327
99.327
7.80
8.44
8.44
2/
5-7/8$
Note
8/15/75-C
2/
Bond
150
1,001
1,151
101.50
101.50
8.33
8.33
7$
2/
Note
11/15/75-D
99.893
99.893
99.893
8.02
8.02
8.02
7-1/2$
6-1/2$
.Note
Note
8/15/76-C
8/15/76-G
220
630
754
1,604
99.450
99.450
99.450
8.30
Note
Note
5/15/75-F
5/15/75-B
215
402
617
101.75
101.75
Note
2/15/76-A
8/15/95-00
11/17/75
1996
8$
Eligible securities exchanged
2/18/75
L 11/15/76
8/15/75
.8-3/8$
$100.55
Effective
interest
rate
941
1995
7-7/8$
Average price
per hundred
Amount issued
(In millions)
Bond
8/15/96-01
8/16/76
342p
250p
Z/
l,575p
2000
5/15/75
8-1/4$ Bond
5/15/00-05
2/17/76
1/ Additional issue.
2/ Issued for cash.
^/ Treasury Notes, 7-3/8$ Series C-1981 and 7-3/8$ Series E-1981
*
p
8.30
5-7/8$
6$
8.30
2/
8.09
8.09
6-1/4$
2/
consolidated effective Sept. 1, 1976.
Less than $500,000.
Preliminary.
February 197 7
45
PUBLIC DEBT OPERATIONS
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description o£* securities
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C 8/
5/15/72-D
8/15/75-C
2/L5/78-A
8/15/72-E
11/15/74-A 8/
11/15/72-F
11/15/75-D
8/15/81
2/15/73-C
11/15/76-D
2/15/75-E
11/15/73-D
11/15/78-B
11/15/86
5/15/76-E
2/15/82
5/15/75-F
5/15/73-E
2/15/82 8/
2/L5/76-F
8/15/79-A
8/15/84
9/30/74-E
11/15/76-D 8/
12/31/74-F
2/15/93
8/I5/76-G
11/15/79-B
5/15/80-A
5/15/93-98
8/15/77-B 8/
8/15/88-93
9/30/75-G
12/31/75-H
11/15/79-C
8/15/88-93 8/
5A5/77-C
2/15/81-A
8/15/88-93 8/
3/31/76-H
C8-3/4% Note - 6/30/76-1
8-3/4% Note - 8/15/78-C
v.8-1/2% Bond - 5/15/94-99
f*9%
Note - 8/15/80-B
( 9%
Note - 5/15/77-D
18-1/2% Bond - 5/15/94-99 £/
8-1/4% Note - 9/30/76-J
7-7/8% Note - '5/1^/79-D
(7-3/4% Note - 11/15/77-E
<7-3/4% Note - 11/15/81-B
(8-1/2% Bond - 5/15/94-99 8/
7-1/4% Note - 12/31/76-K
7-7/8% Note - 5/15/79-4) 8/
8%
Note - 3/31/76-H 8/
(7-1/8% Note - 5/15/78-D
<7-3/8% Notev- 2/15/81-C
(7-7/8% Bond - 2/15/95-00
8/15/70 f 7-3/4% Note 17-3/4% Note 8/17/70 7-1/2% Note 11/L5/70 J 7-1/4% No-fie t 7-1/2% Note 11/16/70 6-3/4% Note 2/15/71 r 5-7/8% Note \ 6-1/4% Note Note 5/15/71 / 5%
^5-3/4% Note Note 6/29/71 6%
Note 8/15/71 f 7%
\ 7%
Bond 8/16/71 6-1/2% Note 9/8/71 6-1/4% Note 10/22/71 5-7/8% Note f4-7/8% Note 11/15/71 / 6%
Note V.6-1/8% Bond 2/15/72 f 5-3/4% Note 6-3/8% Bond 4/3/72 5-7/8% Note 5/15/72 f4-3/4% Note 6-3/8% Bond f5-7/8% Note 8/15/72 { 6-1/4% Note V,6-3/8% Bond Note 10/19/72 6%
11/15/72 6-1/4% Note 12/28/72 5-7/8% Note 6-3/4% Bond 1/10/73
2/15/73 f 6-1/2% Note \ 6-5/8% Note J
5/15/73 6-7/8% Note \ 7%
Bond 8/15/73 f7-3/4% Note \j-l/2% Bond 9/4/73 8-3/8% Note f*7%
Note Note 11/15/73 ( 7%
Vs7-l/2% Bond f6-7/8% Note Note 2/15/74 ( 7%
'*7-1/2% Bond Note 4/9/74 8%
5/15/74
8/15/74
9/30/74
11/6 /74
11/15/74
12/31/74
1/7/75
1/9/75
2/18/75
Footnotes at end of table.
1/
For
cash
3,1^0
2,037
_
_
2,285
_
195
2,514
1,283
2,045
2,768
24
66
1,776
1,279
505
41
2,060
3,0a
2,102
627
1,009
2,043
652
2,026
500
2,042
1,511
2,021
302
2,258
1,515
301
1,532
2,048
1,879
309
1,835
2,393
400
1,818
1,016
2,571
1,766
603
2,205
1,253
756
3,263
1,768
752
In
exchange
for
other
securi
ties
3,139
2,264
190
4,505
2,511
7,679
8,389
3,452
3,231
3,115
613
1,500
8,207
1,192
2,802
2,131
2,514
4,945
4,559
: 2,312
3,883
595
5,221
40
628
425
220
220
136
307
327
250
656
583
279
2,461
2,936
486
205
1,059
949
338
77
697
400
150
U.S. Gov
ernment
accounts Commer
cial
and
Federal banks
Reserve 1/
banks 2/
150
1,929
967
479
190
1,664
838
2,481
811
1,033
1,593
3,586
2,319
2,722
3,122
1,457
1,351
1,046
1,257
2,071
592
1,542
112
351
2,036
1,046
1,833
1,500
1,566
3,197
2,915
296
673
420
1,446
777
554
1,605
2,514
1,231
353
1,028
2,557
1,606
1,437
1,180
512
1,990
2,230
105
2,062
291
1,392
1,878
556
595
1,320
5,275
102
140
630
1,438
665
83
1,097
61
220
1,003
220
1,366
136
83
307
1,519
327
1,094
250
173
1,016
35
656
1,224
1,315
583
106
279
2,461
619
2,936
821
486
129
205
1,174
581
1,371
1,059
949
913
338
248
77
1,195
855
593
697
2,054
400
1,061
276
150
Individuals
U
166
74
656
292
94 1
119 '
235 '
431
138
246
19
130
210
57
15
9
15
240
31
85
221
15
6
15
84
166
82
9
24
6
40
71
23
111
14
183
34
188
Insur
1ance
<
compa
1nies
38
29
13
44
24
2
77
116
22
36
2
59
8
2
2
1
1
47
6
23
79
1
*
*
68
89
28
1
2
*
29
16
*
3
1
8
27
1
41
25
18
46
21
11
154
263
270
7
10
2
8
2
1
10
19
10
68
480
8
816
16
204
164
191
144
30
62
27
63
156
64
23
7
11
5
8
4
23
3
3
*
*
*
12
8
7
Mutual
savings
banks
'
38
22
43
37
10
4
34
90
13
26
3
35
9
5
1
1
4
33
1
26
29
4
*
*
33
44
7
1
3
3
6
5
*
2
*
4
6
*
1
7
8
10
10
1
2
14
*
*
1
6
1
*
*
10
6
13
State and local
Private governments 6/
]Dealers
Corpo pension Pension
1
and re- 1and re Other and
rations tirement
brokers
•tire
funds
2/
funds
]ment
funds
6
2
62
335
167
20
6
47
35
513
110
78
18
269
3
61
343
13
4
193
2
22
392
7
40
*
198
11
4
3
8
260
22
714
91
98
496
631
123
133
30
177
3
93
13
26
38
263
4
93
*
68
2
8
2
37
405
9
3
94
76
2
6
8
2
*
52
272
36
2
*
1
21
125
5
1
46
1
35
14
_
992
52
1
53
1,150
235
51
9
19
2
2
185
3
4
558
1
36
5
85
296
21
26
46
27
70
1
1
1
24
*
*
2
10
4
*
*
1
1
125
703
2
202 ,
79
3
6
100
275
43
24
7
405
33
31.
23
*
*
*
15
3
*
2
2
440
31
*
1
1
*
1
2
42
214
*
68
17
273
59
*
*
21
296
1
400
26
6
1
49
8
11
346
1
39
16
1
1
309
41
56
6
1
28
2
*
7
7
644
9
312
*
8
73
20
*
6
136
447
15
2
98
59
4
38
1
1
473
14
*
*
*
370
22
*
*
*
103
4
8
2
11
165
23
288
16
9
14
3
96
21
5
13
14
10
51
5
1
3
11
367
38
7
4
*
56
21
5
13
*
1
10
10
224
*
336
27
27
13
6
232
10
1
12
■*
647
5
13
29
1
673
9
9
4
1
2
18
294
4
676
1
2
7
39
*
*
350
10
1
1
93
3
578
1
11
72
29
1
10
484
23
94
356
7
11
3
14
All
other
2/
248
72
325
205
77
104
334
424
135
196
111
209
24
52
67
104
84
311
13
117
121
54
26
10
186
769
45
41
202
29
2
104
112
71
30
23
23
22
47
16
35
151
6
9
100
202
125
56
y*
636
5
29
5
286
9
3
223
11
2
340
17
42
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table PDO-6 - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/ —Continued
(In millions of dollars)
Issues
Date of
financ
ing
Description of securities
Note O/o/1n7c f 6$
3/3/
^ 5-7/8$ Note 3/19/75
7-3/4$ Note 6$
Note 3/25/75
6-1/2$ Note 3/31/75
8-1/4$ Bond 4/7/75
7-1/8$ Note 4/8/75
7-3/8$ Note 4/30/75
f7-5/8$ Note Note 5/15/75 { 8$
(8-1/4$ Bond 5/27/75
6-3/4$ Note 6-1/2$ Note 6/6/75
6-1/2$ Note 6/30/75
7/9/75
7-3/4$ Note 7-1/2$ Note 7/31/75
f7-7/8$ Note 8/15/75 / 8-1/8$ Note (8-3/8$ Bond 8/29/75
8-1/4$ Note 8-1/2$ Note 9/4/75
8-3/8$ Note 9/30/75
8$
Note 10/7/75
8-1/8$ Note 10/22/75
7-1/2$ Note 10/31/75
7-7/8$ Note 11/17/75 f
\8-3/8$ Bond 12/31/75
7-1/4$ Note 7-1/2$ Note 1/6/76
1/26/76
7-3/8$ Note 6-3/8$ Note 2/2/76
1*7$
Note 2/17/76 < 8$
Note [8-1/4$ Bond 6-5/8$ Note 3/3/76
7-1/2$ Note 3/17/76
3/31/76
6-3/4$ Note 4/5/76
7-3/8$ Note f6-1/2$ Note 5/17/76 / 7-7/8$ Note 1 7-7/8$ Bond -
2/28/77-F
8/31/76-L
11/15/81-B 8/
5/31/76-M
3/31/77-0
5/15/90
11/30/76-N
4/30/77-H
8/15/78-E
5/15/82-A
5/15/00-05
5/31/77-1
10/31/76-0
6/30/77-J
6/30/79-E
7/31/77-K
5/15/78-F
8/15/82-B
8/15/95-00
8/31/77-L
9/30/79-F
9/30/77-M
2/28/78-G
12/31/78-H
10/31/77-N
11/15/82-C
8/15/95-00 2/
12/31/77-P
12/31/79-G
5/15/81-D
1/31/78-J
2/15/79-H
2/15/83-A
5/15/00-05 8/
11/30/77-Q
3/31/80-C
3/31/78-K
2/15/81-C
4/30/78-L
5/15/86-A
2/15/95-00 8/
7-1/8$ Note - 5/31/78-m
7-5/8$ Note - 6/30/80-D
6-7/8$ Note - 6/30/78-N
7-5/8$ Note - 8/15/81-F
6-7/8$ Note - 7/31/78-P
^6-7/8$ Note - 8/15/79-J
Note - 8/15/86-B
8/16/76 ( 8$
1,8$
Bond - 8A5/96-01
8/31/76
6-5/8$ Note - 8/31/78-Q
6-7/8$ Note - 9/30/80-E
9/14/76
9/30/76
6-1/4$ Note - 9/30/78-R
10/12/76
7$
Note - 11/15/81-G
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
Footnotes at end of table.
Amount issued
In
exchange
For
for
cash
other
securi
ties
1,665
1,662
1,762
1,580
2,576
1,247
1,507
1,579
2,855
1,514
754
2,137
1,579
2,170
1,782
1,516
3,051
2,016
801
2,021
2,081
3,193
2,115
2,517
3,156
2,518
1,001
2,553
2,006
2,020
2,511
3,092
6,019
402
2,628
2,069
3,065
2,628
2,274
4,747
751
2,485
2,185
2,639
2,586
2,855
2,289
8,039
983
2,895
2,141
2,869
2,543
_
-
-
U.S. Gov
ernment
accounts Commer
and
cial
Federal banks
Reserve 2J
banks 2/
_
269
-
-
2,300
2,300
1,233
850
1,372
902
313
33
384
150
212
1,600
1,939
215
97
300
472
117
82
1,234
850
162
1,372
902
313
10
692
700
1,476
592
54
326
33
5
384
150
212
189
1,600
1,939
215
97
300
472
117
82
692
700
1,476
592
54
326
-
-
-
945
Indi
vidu
als
U
1,783
974
69
36
77
33
92
23
30
72
195
118
37
123
51
53
47
65
184
85
18
104
150
511
559
1,400
130
1,693
1,144
217
1,610
1,010
1,121
1,252
1,675
1,761
91
1,508
1,030
1,684
1,198
1,246
1,894
166
250
93
19
147
77
25
52
122
2,285
8
61
162
152
119
126
1,141
12
68
178
134
94
59
180
3,548
29
85
121
65
88
910
879
1,018
1,296
266
773
830
1,465
691
251
1,187
824
1,156
961
436
1,819
847
217
1,188
1,046
1,329
1,116
1,415
1,161
1,663
i;m
2,356
346
1,219
909
1,629
1,356
Allotments by investor classes
State and local
governments 6/
Dealers
Insur Mutual Corpo Private
pension
Pension
ance
and
sav
rations
and
re
compa ings
and re
tirement tire
Other brokers
nies
banks 1/
funds
funds
ment
funds
*
2
20
27
9
4
414
1
16
11
3
9
489
4
*
8
1
16
720
3
9
*
1
6
1
7
290
13
28
11
7
17
15
677
3
*
20
676
37
25
43
89
8
1
486
3
34
16
8
518
5
3
3
24
61
2
6
960
13
31
9
7
52
7
604
9
4
3
6
1
50
1
7
51
344
6
8
13
53
3
19
563
1
2
8
22
17
9
513
2
111
1
10
16
5
545
6
17
42
7
5
642
13
1
12
772
25
5
5
3
38
16
6
20
13
83
599
22
86
37
29
34
793
14
1
5
46
466
19
15
4
1
32
6
246
3
4
34
21
16
23
16
42
25
448
15
21
65
386
39
134
3
8
13
79
33
3
4
343
*
6
1
6
53
3
723
11
2
15
127
1
716
13
6
37
29
1,037
19
64
79
2
12
11
1
19
19
697
1
15
25
22
445
93
13
*
11
11
32
11
666
13
11
17
35
36
12
12
650
2
11
55
5
2
8
595
21
2
46
19
29
49
815
101
300
496
26
36
117
89
*
10
250
9
34
32
36
2
568
5
15
7
11
25
40
52
648
5
7
22
121
561
5
9
5
4
26
32
38
2
852
17
23
26
8
2
17
358
23
14
122
407
82
346
39
44
214
1
2
6
40
3
19
469
■*
506
158
42
5
3
13
*
16
10
588
32
19
31
632
12
78
8
1
6
19
101
22'
1,038
18
7
4
13
*
12
20
748
24
4
24
18
7
ITT
17
494“
n
126
39
179
672
168
71
344
479
12
22
40
5
13
3
*
116
7
35
673
2
62
770
12
20
12
26
3
33
18
1
70
5
471
11
7
21
7
829
14
24
44
44
All
other
U
175
183
49
211
161
68
172
100
113
18
6
162
132
109
42
192
273
69
10
393
294
236
94
195
328
10
4
182
175
101
340
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
235
5Q2
116
February 197 7
47
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/—Continued
__________________ (In millions of dollars)_____
Allotments by investor classes
Date of
financ
ing
11/1/76
11/15/76
11/30/76
12/07/76
12/31/76
1/06/77
Description of securities
5-7/8$ Note 6-1/4$ Note 7$
Note 7-7/8$ Bond 5-3/4$ Note 5-7/8$ Note 5-1/4$ Note 6-1/8$ Note -
10/31/78-S
11/15/79-K
11/15/83-B
2/15/95-00 8/
11/30/78-T
12/31/80-F
12/31/78-U
2/15/82-D
Amount issued
In
exchange
For
for
cash
other
securi
ties
2,823
3,306
2,259
1,001
2,805r
2,692
3,125
2,697
U.S. Gov
ernment
accounts Commer Indi
and
cial
vidu
Federal banks
als
Reserve 2/
U
banks 2/
70
50
70
50
136
136
252
252
1,307
1,227
906
313
1,176r
1,234
1,168
1,28lp
Source*
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of nonmarketable 2-3/4$ Treasury bonds. Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Includes trust companies and stock savings banks.
y
Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
46
67
140
31
34r
43
37
51p
Insur Mutual Corpo
ance
sav
compa ings rations
nies
banks 2/
5
11
22
4
9
3
6
23p
15
13
16
5
15r
18
14
74P
54
26
58
24
51r
33
43
72p
Private
pension
and re
tire
ment
funds
5
7
16
23
9
3
2
20p
State and local
governments 6/
Pension
and re
tire
ment
funds
2p
Other
funds
23
5
10
4
6
5
3
40p
Dealers
and
brokers
All
other
775
1,025
800
589
953
861
1,035
667p
587
923
286
8
552r
491
817
467p
2/
6/ Consists of trust, sinking, and investment funds of State and local
governments and their agencies.
2/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
* Less than $500,000.
p Preliminary.
r Revised.
Treasi
'th
.PUBLIC DEBT OPERATIONS,
Allotments by Investor Classes on Subscriptions for Public Marketable S
Part B. - Bills Other than Regular Weekly Series
(In millions of dollars)
Total amount issued
Average
rate
One-year
series
9-month
series 3/
Tax antic
ipation
series
Allotments by investor
52-week
series
(Percent)
4.723
4.918
5.040
5.178
5.346
5.529
5.223
5.318
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
6.880
6.948
6.342
7.452
6.897
8.306
7*887
500
1,201
501
1,803
500
1,801
501
1,802
2,510
1,800
1,804
1,801
1,790
1,802
1,800
1,801
1,802
2,017
1,805
1,802
1,804 £/
1,802
2,007
1,801
1,002 5/
2,000
1,803
1,802
1,802
1,516 %/
1,801
2,523 5/
1,801
1,802
1,802
1,802
1,806
1,502
1,803
1*,803
2,003
1,501 2/
2,002
2,251
1,256
2,001
2,001
2,103
2,102
Commer
cial
banks
Corpo
rations
2/
75
627
73
194
140
654
125
578
107
199
76
953
109
594
186
504
10
12
*
1
*
5
*
2
609
728
747
745
'760
715
500
625
727
_
421
639
615
600
808
728
871
757
669
567
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392
539
75
4
2
4
3
17
1
6
5
2
_
5
5
40
1
_
10
1
*
26
11
11
2,012
1,802
8.422
8.249
8.256
7.836
9.652
9.564
8.341
7.629
7.933
7.362
7.426
7.520
6.625
6.378
5.313
5.637
6.474
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
642
400
759
536
442
631
1,438
861
431
524
891
435
727
706
653
837
706
576
717
636
6
11
12
15
21
7
10
1
659
803
703
356
506
676
610
4
35
9
388
8
27
28
1
5.803
6.292
6.782
7.331
7.340
6.600
2,205
2,435
2,404
2,591
2,293
2,893
'2,860
3,062
600
695
640
385
723
695
599
495
555
289
808
1,085
1,080
37
54
79
10
10
82
36
147
6.010
6.440
5.578
5.572
6.010
3,245
3,253
3,069
2,930
3,105
708
790
806
587
795
1,152
979
717
891
1,083
19
12
47
99
6
6.400
684
.1
}her
135
26
187
47
116
140
30
86
8
4-55
1
177
222
138
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
2
215
3
315
346
305
208
135
1
150
145
in
114
305
40
213
439
326
241
279
515
389
590
522
429
591
515
422
631
844
556
567
250
February 197 7
49
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series—Continued
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
series 1/ ipation
series
52-week
series
(Percent)
A/e/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/31/77
1/10/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
Source: Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
509
718
441
796
748
597
802
859
777
881
855
Commer
cial
banks
1,447
1,435
782
332
841
1,042
455
932
545r
646
956
Corpo
rations
2/
154
70
60
2
40
27
12
17
87
54
40
Dealers
and
brokers
All
other 4/
395
528
1,137
1,095
1,034
951
1,356
802
1,425
698
584
501
387
314
336
292
485
568r
914
707
1,010
513
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
5/ Reopening of earlier issue.
42-week issue.
K Special issue.
i/
Less than $500,000.
r Revised.
U
Treasury Bulletin
50
_____________ PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Called or maturing securities 1/
Date ©f
refunding
or retire
ment
7/31/73
Issue
date
Description
[4.918% Bill
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Exchange
Cash
out
security
retire
standing
offered
ment
^5.223% Bill
-
7/31/73
7/31/73
7/31/72
7/31/72
1,201
501
l,20i\
50l)
8/15/73
( 8-3/8$ Note
L
4$ Bond
-
8/15/73-B
8/15/73
2/15/70
9/15/63
1,839
3,894
1,514\
3,l66j-
-
8/28/73
8/31/72
1,803
1,803
8/28/73
5.178$ Bill
9/19/73
9.803$ Bill
-
9/19/73
8/15/73
2,017
2,017 J/
9/25/73
5.529$ Bill
-
9/25/73
9/30/72
1,801
1,801
10/1/73
10/23/73
11/15/73
1-1/2$ Note
5.318$ Bill
4-1/8$ Bond
5.225$ Bill
5,337$ Bill
- 10/1/73-E0
10/23/73
11/15/73
11/20/73
12/18/73
10/1/68
10/31/72
7/22/64
11/30/72
12/31/72
30
1,802
4,336
1,802
1,800
30
1,802
3,760
1,802
1,800
1/ 15M
5.986$ Bill
-
1/15/74
1/31/73
1,804
1,804
2/12/74
6.050$ Bill
f 7-3/4$ Note
v.4-1/8$ Bond
-
2/12/74
2/15/74-C
2/15/74
2/28/73
8/15/70
1/15/65
1,801
2,960
2,466
1,801
2,621
1,902
6.616$ Bill
1-1/2$ Note
6.598$ Bill
f 6.765$ Bill
( 7.830$ Bill
1^7.452$ Bill
6.818$ Bill
_
-
3/12/74
4/1/74-EA
4/9/74
3/31/73
4/1/69
4/30/73
11/1/73
1,790
5/7/74
11/1/73
5/31/73
1,790
34
1,802
2,007
1,002
1,516
1,800
1,800
f 7-1/4$ Note
^4-1/4$ Bond
-
5/15/74-D
5/15/74
11/15/70
5/15/64
4,334
2,847
3,335
2,328
1,801
2,000
2,523
1,802
2,00d\
2/15/74
3/12/74
4A /7 4
4/9/74
4/19/74
5/7/74
5/15/74
6/4/74
6/21/74
7/2/74
4A 9/74
4A 9/74
4/19/74
H/l/73
7.235$ Bill
-
6/4/74
6/30/73
f7.790$ Bill
^8.306$ Bill
8.392$ Bill
-
6/21/74
6/21/74
7/2/74
11/30/73
11/30/73
7/31/73
Results of exvj.
Exchanged
Turned
in for
cash 2/
-
_
-
_
325 i
728 5//
:
-
-
-
-
-
-
576 6,/
*
I
-
342 2 /
542 & /
-
999 a '
519 m /
I
2,523)2/
-
-
_
-
-
1,802
-
7/30/74
.10/9/73
1,804
1,804
-
-
8/15/74-B
8/15/68
10/284
4,401
5,883 11,(
8/27/74
8.387$ Bill
-
8/27/74
8/28/73
1,804
1,804
-
9/20/74
9.652$ Bill
-
9/20/74
8/7/74
1,526
1,526 2/
-
, -
9/24/74
8.057$ Bill
-
9/24/74
9/25/73
1,802
1,802
-
-
9/30/74
6>$
-
9/30/74-E
10/19/72
2,060
1,855
11/15/74
13/19/74
12/17/74
12/31/74
1/14/75
2/15/75
2/11/75
3/11/75
W ?
4/8/75
4/16/75
5/6/75
- 10/22/74
10/23/73
1,802
1,802
-
^ 3-7/8$ Bond
11/15/67
12/2/57
3,238
1,071
2,204 1^
142 1^/
7.708$ Bill
6.880$ Bill
5-7/8$ Note
6.948$ Bill
f 5-3/4% Note
^5-7/8$ Note
- 11/19/74
- 12/17/74
- 12/31/74-F
- 1/14/75
- 2/15/75-A
- 2/15/75-E
11/20/73
12/18/73
12/28/72
5,442
1,213
1,801
1,803
6.342$ Bill
6.897$ Bill
8 .049$ Bill
1-1/2$ Note
7.887$ Bill
7.426$ Bill
8.442$. Bill
Footnotes at end of table.
2/11/75
3/11/75
- 3/31/75-FFB
_ 4A/75-EA
4/8/75
4/16/75
5/6/75 .
2,102
1,802
2/15/68
4,015
10/22/71
1,222
2/12/74
3/12/74
m
4/9/74
12/3/74
5/7/74
1,801
1,803
2,025
1,802
2,886
1,104
1,802
1,802
1,801
1,9CJ
1,801
1,501
1,801
2,251
USD?
1,801
2,2512/
1—802
-
205 12 /
- 11/15/74-A
- 11/15/74
1/15/74
-
1,801
7.702$ Bill
7.132$ Bill
-
1,514/
5-5/8$ Note
f 5-3/4% Note
-
34
1,802
2,00?}
1,002U /
7/30/74
10/22/74
_
-
8/15/74
Note
-
_
-
77 15 /
1,129 li/
118 17,/
-
-
Description of new
securities offered
(See also Table PD0-4)
February 197 7
51
.PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Called or maturing securities 1/
Date of
refunding
or retire
ment
5/15/75
6/3/75
6/17/75
7/1/75
7/29/75
8/15/75
8/26/75
8/26/75
9/18/75
9/23/75
9/25/75
9/30/75
10/1/75
10/23/75
13/15/75
11/18/75
12/16/75
12/18/75
12/26/75
12/31/75
3/33/76
3/33/76
2/10/76
2/15/76
2/15/76
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
6/29/76
6/30/76
7/27/76
8/15/76
8/15/76
8/24/76
8/31/76
9/21/76
9/30/76
10/1/76
10/19/76
10/31/76
11/15/76
11/15/76
11/30/76
12/14/76
12/31/76
l/il/77
2/0S/77
2/15/77
Description
(
6jg
Note
5-7/8$ Note
8.249$ Bill
7.520$ Bill
8.256$ Bill
7.836$ Bill
5-7/8$ Note
6.280$ Bill
9.564$ Bill
6.175$ Bill
8.341$ Bill
6.156$ Bill
8-3/8$ Note
1-1/2$ Note
7.629$ Bill
7$
Note
7.362$ Bill
6.625$ Bill
5.220$ Bill
5.140$ Bill
7$
Note
6.378$ Bill
6.560$ Bill
5.313$ Bill
6-3/4$ Note
5-7/8$ Note
5/15/75-B
■ 5/15/75-F
6/3/75
6/17/75
7/1/75
7/29/75
• 8/15/75-C
8/26/75
8/26/75
9/18/75
9/23/75
9/25/75
9/30/75-E
10/1/75-E0
10/23/75
•13/15/75-D
•11/18/75
-12/16/75
■12/18/75
-12/26/75
.12/31/75-H
. 1/13/76
. 3/31/76
. 2/10/76
•" 2/15/76-A
. 2/15/76-F
5.637$ Bill
8$
Note
1-1/2$ Note
6.474$ Bill
5.823$ Bill
4.834$ Bill
6.400$ Bill
6-1/2$ Note
5-3/4$ Note
6$
Note
5.803$ Bill
6.292$ Bill
8-3/4$ Note
6.782$ Bill
7-1/2$ Note
6-1/2$ Note
7.331$ Bill
5-7/8$ Note
7.340$ Bill
8-1/4$ Note
1-1/2$ Note
6.600$ Bill
6-1/2$ Note
6.010$ Bill
6-1/4$ Note
7-1/8$ Note
6.440$ Bill
r?-l/4$ Note
5.578$ Bill
5.572$ Bill
8$
Note
■ 3/9/76
• 3/31/76-H
• 4/1/76-EA.
• 4/6/76
■ 4/22/76
. 4/22/76
■ 5/4/76
■ 5/15/76-B
■ 5/15/76-E
- 5/31/76-m
. 6/1/76
• 6/29/76
• 6/30/76-1
. 7/27/76
• 8/15/76-C
- 8/15/76-G
- 8/24/76
- 8/31/76-L
. 9/21/76
- 9/30/76-J
■ 10/1/76-E0
■ 10/19/76
• 10/31/76-0
• 11/15/76
■ 11/15/76-D
• ll/30/76-N
. 12A4/76
. 12/31/76-K
• 1/11/77
■ 2/08/77
■ 2/15/77
Footnotes on following page.
Disposition offers
"by Treasury
Cash
Exchange
retire security
offered
ment
Issue
date
Amount
out
standing
5/15/68
4/3/72
6/4/74
12/5/74
7/2/74
7/30/74
2/15/71
8/8/75
8/27/74
9/5/75
9/24/74
9/5/75
8/24/73
10/1/70
6,760
7.679
1,802
1,256
1,802
1,806
7.679
1,000
1.803
2,597
7,459
1,802
1,256 2/
1,802
1,806
5,092
1,000
1.803
849
1.803
700
2,010
30
2,003
2,581
11/19/74
12/17/74
12/8/75
12/8/75
11/15/73
3/14/75
4/14/75
2/13/75
2/15/69
8/15/72
849
1.803
700
2,043
30
2,003
3,115
2,002
2,001
602
601
1,731
2,001
1,586
2,103
3,739
4,945
3/11/75
4/9/74
4/1/71
4/8/75
2,102
2,288
27
2,205
2,102
2,191
27
2.205
12/5/75
4/8/76
5/6/75
5/15/69
2/15/72
3/25/72
6/3/76
7/1/75
5/15/74
7/29/75
10/1/69
2/15/73
8/26/75
3/3/75
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
ll/l8/75
9/8/71
4/8/75
12/L6/76
12/31/74
1/13/75
2A0/76
2A5/70
2,002
2,503
2,435
2,697
2,802
1,580
2,404
2,591
2,703
2,293
4,194
3,883
2,893
1,662
2,860
2,023
11
3,062
1,579
3,245
4,325
1,507
3,253
2,282
3,069
2,930
5,163
2,002
2,503
2,435
2,336
2,274
1,498
2,404
10/22/74
8/15/71
2,002
2,001
602
601
1,519
2,001
1,586
2,103
1,165
3,713
2,591
2,011
2,293
3,434
2,216
2,893
1,458
2,860
1,697
11
3,062
1,481
3,245
4.205
1,507
3,253
2,282
3,069
2,930
5,163
4,163 18/
200 12 /
2,587 20/
33 23/
534 22/
212 22/
2,512 24/
1,232 25/
97 2§/
361 22/
528 2j8/
82 22/
692 20/
760 Jl/
1,667 32/
204 22/
326 .24/
98 .25/
120.26/
2,572 27/
Results of ex
change offers
Turned
Exchanged
in for
cash Z/
Description of new
securities offered
(See also Table PDO-4)
Treasury Bulletin
52
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Source: Bureau of the Public Debt.
3/ Original call and maturity dates are used.
2/ All bv investors other than Federal Reserve banks.
j/ Tax anticipation issue: for detail of offerings beginning August 1974,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" belowr.
4/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4$ notes of Series B-1977 and $92 million of 7-1/2$
bonds of 1988-93 issued August 15, 1973.
1/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4$ notes of Series B-1977 and $233 million of 7-3/2$
bonds of 1985-93 issued August 15, 1973.
6/ Exchanged by Federal Reserve banks and Government accounts for $220
million of 7$ notes of Series C-1979, $220 million of 7$ notes of
Series H-1975 and $136 million of 7-1/2$ bonds of 1988-93 issued
November 15, 1973.
2/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8$ notes of Series C-1977, $25 million of 7$ notes of
Series A-1981 issued Februaiy 15, 1974, and $10 million of 7-1/2$
bonds of 1988-93 issued February 28, 1974-.
£/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7$ notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2$ bonds of 1988-93 issued February 28, 1974.
jg/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4$ notes of Series 1-1976 and $343 million of 8-3/4$
notes of Series C-1978 issued May 15, 1974.
10/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4$ notes of Series C-1978 and $279 million of 8-1/2$
bonds of 1994-99 issued May 15, 1974.
U / Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9$ notes of Series D-1977, $2,461 million of 9$ notes of
Series B-1980 and $486 million of 8-1/2$ bonds of 1994-99 issued
August 15, 1974.
12/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4$
notes of Series J-1976 issued September 30, 1974.
13/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4$ notes of Series E-1977, $949 million of 7-3/4$ notes
of Series B-1981 and $196 million of 8-3/2$ bonds of 1994-99 issued
November 15, 1974.
11/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2$
bonds of 1994-99 issued November 15, 1974.
12/ Exchanged by Federal Reserve banks and Government accounts for 7-l/v?
notes of Series K-1976 issued December 31, 1974.
1§/ Exchanged by Federal Reserve banks and Government accounts for $692
million of 7-1/8$ notes of Series IKL978, $400 million of 7-3/8$
notes of Series C-1981 and $36 million of 7-7/8$ bonds of 1995-2000
issued Februaiy 18, 1975.
12/ Exchanged by Federal Reserve banks and Government accounts for $4
million of 7-1/8$ notes of Series IXL978 and $114 million of 7-7/8$
bonds of 1995-2000 issued Februaiy 18, 1975.
18/ Exchanged by Federal Reserve banks and Government accounts for $2,300
million of 7-5/8$ notes of Series E-1978, $1,233 million of 8$ notes
of Series A-1982 and $630 million of 8-1/4$ bonds of 2000-05 issued
May 15, 1975.
19/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4$
bonds of 2000-05 issued May 15, 1975.
20/ Exchanged by Federal Reserve banks and Government accounts for $1,372
million of 7-7/8$ notes of Series F-1978, $902 million of 8-1/8$ notes
of Series B-1982 and $313 million of 8-3/8$ bonds of 1995-2000 issued
August 15, 1975.
21/ Exchanged by Federal.Reserve banks and Government accounts for
8-3/8$ notes of Series M-1977 issued September 30, 1975.
Exchanged by Federal Reserve banks and Government accounts for $384
million of 7-7/8$ notes of Series C-1982 and $150 million of 8-3/8$
bonds of 1995-2000 issued November 17, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4$
notes of Series P-1977 issued December 31, 1975.
24/ Exchanged by Federal Reserve banks and Government accounts for
$368 million 7$ notes of Series H-1979, $1,939 million 8$ notes
of Series A-1983 and $215 million of 8-1/4$ bonds of 2000-05
issued February 17, 1976.
25/ Exchanged by Federal Reserve banks and Government accounts for
$1,232 million of 7$ notes of Series H-1979 issued February 17, 1976.
26/ Exchanged by Federal Reserve banks and Government
accounts for 6-3/4$ notes of Series K-1978 issued
March 31, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8$ notes of Series A-1986 issued 5/17/76 and $85 mil
lion of 7-7/8$ bonds of 1995-2000 issued May 17, 1976.
28/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2$ notes of Series L-1978 and $196 million of 7-7/8$
notes of Series A-1986, and $32 million of 7-7/8$ bonds of
1995-2000 issued May 17, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8$
notes of Series M-1978 issued June 1, 1976.
20/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8$
notes of Series N-1978 issued June 30, 1976.
Jl/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8$ notes of Series J-1979 and $60 million of 8$ notes
of Series B-1986.
22/ Exchanged by Federal Reserve banks and Government accounts for $1 417
million of 8$ notes of Series B-1986 and $250 million of 8$ bonds'of
1996-2001 issued August 16, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for $204
. million of 6-5/8$ notes of Series Q-1978 issued August 31, 1976
2a/ Exchanged by Federal Reserve banks and Government accounts for $326
. “illion of 6-1/4$ notes of Series R-1978 issued September 30, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8$
notes of Series S-1978 issued November 1, 1976.
J6/ Exchanged by Federal Reserve banks and Government accounts **or $70
million of 6-1/4$ notes of Series K-1979 and $50 million of"7$
notes of Series B-1983 issued November 15, 1976.
U J Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-l/2$ notes of Series G-1980, $881 million of 7-l/4$ notes
of Series A-1984 and $391 million of 7-5/8$ bonds of 2002-2007 issued
February 15, 1977.
Note: Information on retirement of tax anticipation issues referred to
in footnote 3, in millions of dollars:
Date of
retirement
Securities
Total
amount
retired
9/20/74
4/16/75
Bill
Bill
Bill
1,526
2,251
1,256
6/17/75
Redeemed
for
taxes
402
184
426
Redeemed
for
cash
1,124
2,067
830
February 197 7
53
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
______________(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Bills
1975-June.
Issue
date
Securities
/ Certificates of indebtedness
Interest
rate
(Percent)
6/05/75
6/19/75
12/04/75
12/02/74
12/06/74
3/03/75
3/03/75
3/12/75
3/13/75
3/13/75
3/18/75
3/19/75
3/19/75
3/19/75
3/27/75
4/01/75
4/01/75
4/02/75
4/07/75
4/07/75
• 4/08/75
4/29/75
i 5/06/75
\ 5/06/75
5/06/75
5/06/75
5/06/75
5/12/75
5/12/75
5/14/75
5/15/75
5/15/75
5/20/75
5/23/75
5/23/75
5/23/75
6/02/75
6/05/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/19/75
6/19/75
6/27/75
7/01/75
7/01/75
7/02/75
7/07/75
7/07/75
7/08/75
7/29/75
8/06/75
8/06/75
8/06/75
8/06/75
8/06/75
8/12/75
8/12/75
8/14/75
8/14/75
8/15/75
8/20/75
8/22/75
8/22/75
7.40
7.25
5.45
5.45
5.65
5.65
5.65
5.40
5.40
5.40
5.40
5.55
5.60
5.60
5.60
5.60
5.60
6.05
5.75
5.35
5.35
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
5.15
5.20
5.20
5.20
5.20
5.20
8/27/75
8/27/75
8/27/75
5.20
5.20
5.20
5.20
5.20
5.25
5.25
5.25
5.25
5.25
5.10
5.10
5.10
4.80
4.80
5.70
5.70
5/27/75
5/27/75
5/27/75
5/27/75
6/03/75
6/03/75
6/03/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/27/75
6/27/75
f
6/25/71
6/05/75
6/19/75
6/19/75
6/19/75
> 6/25/75
4/09/75
4/15/75
4/17/75
4/17/75
j\ 4/21/75
7/10/75
7/10/75
7/17/75
7/17/75
7/24/75
* 1/09/75
1/28/75
3/06/75
4/08/75
4/10/75
4/17/75
4/24/75
4/28/75
4/28/75
4/30/75
5/02/75
5/05/75
5/05/75
5/06/75
5/07/75
J
8/27/75
8/27/75
9/03/75
9/03/75
9/03/75
9/03/75
9/03/75
9/12/75
9/12/75
9/15/75
9/18/75
9/19/75
9/27/75
9/27/75
6/25/75
6/04/75
4/19/77
5/19/77
6/20/77
6/25/82
7/10/75
7/17/75
7/17/75
7/17/75
7/24/75
10/09/75
1/08/76
10/16/75
10/16/75
10/23/75
7/10/75
7/29/75
9/04/75
7/08/75
7/10/75
7/17/75
7/24/75
7/28/75
7/28/75
7/30/75
8/01/75
8/05/75
8/05/75
8/06/75
8/07/75
Amount
Issued
_
C 3/05/75
( 3/17/75
V. 6/05/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
Bills
Maturity
date
-
6.55
6.90
6.79
6.79
6.83
7.84
-
-
-
6.60
5.85
6.01
6.05
6.05
5.55
5.65
5.65
5.65
5.75
5.75
5.75
5.75
5.35
5.35
Retired
200
903
87
-
-
20
82
10
2
9
13
6
9
17
12
7
2
11
4
11
2
8
7
17
3
3
6
6
3
7
3
4
4
5
20
16
3
17
15
3
14
8
5
2
13
4
7
8
10
-
-
2
2
2
4
9
13
6
9
17
2
-
-
2
_
200
303
300
300
600
-
81
74
182
160
102
-
-
Total outstanding
end of month
600
-
80
447
182
182
126
-
79
80
500
8
4
7
25
16
12
26
7
51
22
23
9
\ 21,617
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Securities
Issue
date
C e rtific a te s o f indebtedness
Notes
B ills '
Aug.
Sept.
C e rtific a te s o f indebtedness
C e rtific a te s o f indebtedness
Notes
B ills
Oct.
( C e rtific a te s o f indebtedness
Notes
Interest
rate
(Percent)
5/09/75
5/09/75
5/12/75
5/12/75
5/13/75
5/15/75
5/15/75
5/20/75
5/20/75
5/20/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
6/12/75
6/13/75
6/18/75
6/19/75
7/10/75
7/10/75
7/17/75
7/24/75
7/29/75
7/29/75
8/07/75
8/08/75
8/08/75
8/12/75
8/12/75
8/13/75
8/15/75
8/14/75
8/20/75
8/20/75
8/20/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
9/12/75
9/12/75
9/18/75
9/19/75
10/10/75
10/10/75
10/16/75
10/24/75
10/28/75
1/27/76
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
7/07/71
7/14/71
7/07/75
7/14/75
7/17/75
5/15/75
8/14/75
3/06/75
5/05/75
5/07/75
5/14/75
5/14/75
5/14/75
5/14/75
5/14/75
6/13/75
6/13/75
6/13/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
7/07/75
7/14/75
7/07/82
7/14/82
7/18/77
8/14/75
11/13/75
9/04/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/15/75
9/15/75
9/15/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
6.75
6.70
5/23/74
8/28/75
8/28/75
3/5/75
3/6/75
9/4/75
4/24/75
4/30/75
7/10/75
7/17/75
7/17/75
7/24/75
7/29/75
10/09/75
10/09/75
10/16/75
10/16/75
10/23/75
10/30/75
8/28/75
9/30/76
10/31/76
9/4/75
9/4/75
9/5/77
10/23/75
10/30/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
1/08/76
4/08/76
3/15/76
3/15/76
3/22/76
3/29/76
8.30
8.25
6.50
7/17/75
7/24/75
7/29/75
10/17/75
10/24/75
10/17/75
10/24/75
10/28/75
3/16/76
3/23/76
6.05
6.25
6/27/74
7/25/74
10/02/75
10/02/75
10/02/75
10/30/75
10/30/75
10/02/75
10/30/75
13/30/76
12/33/76
2/28/77
3/31/77
4/30/77
8.40
8.10
5/07/75
1975-July.
Maturity
date
4
16
45
7
15
8.00
7.85
7.50
) 20,604
20
9
26
4
8
24
19
10
10
11
5.20
5.20
5.10
5.10
4.80
4.80
6.20
6.20
6.05
6.25
6.30
6.70
Total outstanding
end of month
Issued
9
9
13
9
17
7
25
40
40
200
200
200
200
447
227
230
500
55
40
15
70
6.01
5.75
5.35
5.20
5.20
5.20
20
10
5.20
35
5.10
2
5.10
1
5.20
5.10
6.45
6.45
6.35
6.35
6.35
6.35
6.35
2
55
40
15
70
35
20
10
300
75
75
200
5.55
7.85
82
200
248
80
81
160
182
102
40
41
43
161
185
7
25
40
6.30
6.05
5.90
7
25
300
275
6.00
100
100
100
6.50
7.375
125
150
7.125
7.25
19,869
55
February 1977
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month o f
a c t iv it y
8/14/75
11/13/75
11/13/75
2/13/76
-
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
11/05/75
11/07/75
11/14/75
11/14/75 .
11/14/75
11/14/75
11/14/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5.60
5.60
5.30
5.30
5.30
5.30
5.30
55
40
70
35
20
10
15
f . 8/22/74
11/28/75
\ 11/28/75
V. 11/28/75
11/28/75
6/30/77
7/31/77
10/31/77
8.90
6.50
7.50
7.50
100
100
100
r
)
3/05/75
6/05/75
12/04/75
12/04/75
12/16/75
12/04/75
3/04/76
6/03/76
-
10/17/75
10/24/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
1/16/76
1/23/76
2/13/76
2/13/76
_
6.05
5.90
5.60
5.60
5.30
5.30
5.30
5.30
5.30
6.05
5.90
5.60
5.60
5.30
6.05
5.90
5.30
5.18
9/19/74
12/16/75
12/18/75
12/18/75
8.35
7.30
7.125
7.625
7/10/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
1/29/76
12/18/75
12/16/77
5/15/78
8/15/78
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
7/29/75
12/02/75
12/02/75
1/27/76
1/23/76
2/05/76
6.70
5.90
5.60
10/24/74
1/29/76
0/29/76
1/29/76
1/29/76
10/31/77
8/15/78
11/15/78
f
[
(
B ills
C e rtific a te s o f indebtedness
B ills
J
\
f
/ C e rtific a te s of indebtedness
Notes
{
r
J
\
1
>
(
<
B ills
1976-Jan............................... ( C e rtific a te s o f indebtedness
^
)
<
Notes
Bills
Amount
M aturity
date
f
Notes
In te re st
rate
(percent)
Issue
date
Securities
r
J
\
I
<
V
11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
2/26/76
2/26/76
.
2/13/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
Issued
230
-
-
55
40
15
70
35
20
10
-
-
8
30
66
48
163
15
196
200
150
100
-
-
40
40
35
187
163
97
40
120
-
19,966
240
-
-
-
^
-
-
-
191684
-
-
-
>
-
40
47
-
Total outstanding
end o f month
s
_
233
-
7.80
7.50
7.625
6.00
Retired
-
50
50
150
40
236
40
60
60
200
87
7
25
55
40
10
20
35
70
15
8
10
200
74
41
185
161
96
40
80
f
V
-
-
40
20
25
175
-
_
233
40
40
120
-
“
“
>
20,002
56
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars
Month of
activity
Securities
1976-Feb.
Certificates of indebtedness
Mar.
Certificates of indebtedness
Bills
Apr.
Certificates of indebtedness
Notes
May.
Certificates of indebtedness
Bills
June.
\ Certificates of indebtedness
Notes
"Bills
July.
/Certificates of indebtedness
Issue
date
dollar amounts in millions)
Maturity
date
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
9/04/75
2/26/76
3/04/76
3/04/76
3/25/76
2/05/76
2/13/76
2/13/76
2/13/76
2/13/76
3/09/76
3/16/76
3/18/76
3/19/76
7/19/72
3/22/76
10/09/75
1/15/76
1/15/76
1/22/76
4/08/76
4/15/76
4/15/76
2/06/76
2/06/76
3/09/76
3/16/76
3/18/76
4/01/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
5/05/76
5/05/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
3/04/76
3/25/76
8/05/76
9/02/76
12/14/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
6/09/76
6/16/76
6/18/76
6/18/76
3/22/76
2/15/83
4/08/76
4/15/76
4/15/76
4/22/76
10/07/76
10/14/76
7/15/76
5/06/76
5/06/76
6/09/76
6/16/76
6/18/76
1/31/78
2-06-76
2-13-76
$-06-76
5-13-76
2-06-76
2-13-76
2-13-76
2-13-76
2-13-76
2-13-76
3-19-76
5-06-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
5-06-76
5-13-76
11-04-76
11-12-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
6—18—76
8—06—76
8-06-76
8-13-76
8-13-76
8-13-76
8-13-76
8-13-76
12/04/76
1/08/76
2/26/76
6/03/76
5/13/76
6/25/71
6/25/76
6/28/76
2/26/76
4/15/76
7/15/76
7/29/76
5/13/76
5/13/76
6/03/76
7/08/76
6/24/76
12/02/76
8/13/76
6/25/76
11/15/82
3/31/78
7/29/76
7/15/76
10/14/76
8/26/76
8/13/76
8/13/76
7/07/71
7/07/76
7/14/76
7/07/76
7/14/76
«
8/15/76
Interest
rate
(percent)
5.60
5.60
5.30
5.30
5.18
4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
Amount
Issued
Retired
42
48
163
15
196
Total outstanding
end of month
20,090
42
15
48
54
20
163
26
196
15
40
40
40
40
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
27
26
6
9
5
11
5.00
13
4
26
5.75
7.60
500
500
42
163
187
97
43
192
165
4.85
4.85
20
5.10
5.00
11
5.00
6.375
19
20,013
13
4
100
40
236
40
243
4.85
4.90
4.90
4.90
4.90
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
9
15
54
147
15
196
26
) 19,916
54
147
15
196
54
47
35
60
47
5.10
6.65
7.60
6.75
20
) 19,901
600
600
100
60
165
167
60
25
5.10
5.10
6.85
6.80
7.50
7.65
7.55
20
200
200
100
200
200
) 19,758
57
February 1977
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries—Continued
_____________ (Payable in U.S. dollars; dollar amounts in millions)
Monlh of
activity
1976-Aug.
Securities
Maturity
date
Interest
rate
(percent)
3/4/76
7/29/76
8/5/76
8/26/76
8/5/76
8/26/76
9/2/76
9/30/76
C e rtific a te s of indebtedness
5/13/76
5/13/76
5/13/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
11/12/76
11/12/76
8/28/75
8/28/75
10/2/75
10/2/75
8/6/76
8/9/76
8/9/76
8/10/76
3/04/76
8/05/76
9/02/76
9/02/76
9/02/76
9/30/76
8/13/76
8/13/76
9/21/76
9/24/76
3A 5/72
9/15/76
4/08/76
4/15/76
7/15/76
10/07/76
10/14/76
10/14/76
10/14/76
9/15/76
2/15/81
10/07/76
10/14/76
10/14/76
1/06/77
4/14/77
1/13/77
1/13/77
8/13/76
8/13/76
10/01/76
10/29/76
10/29/76
10/29/76
10/29/76
11/12/76
11/12/76
12/09/76
1/28/77
4/29/77
7/29/77
10/28/77
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
9 /30 /7 8
8/15/81
1/30/78
4/28/78
9/28/78
10/30/7 8
1/29/79
4/30/79
7/30/79
10/29/79
5/06/76
5/13/76
11/04/76
11/12/76
11/04/76
11/12/76
2/03/77
5/12/77
10/29/76
11/12/76
1/28/77
5.20
4.95
3/31/77
11/15/81
11/15/81
6.50
7.75
7.75
B ills
J C e rtific a te s of
indebtedness
Notes
B ills
C e rtific a te s of
indebtedness
Total outstanding
end of month
Issued
40
60
B ills
Notes
Sept.
Issue
date
20
60
82
15
196
5.10
5.10
5.10
5.20
5.20
62
211
75
75
8.25
6.50
7.125
7.25
100
100
40
20
60
10
25
158
2.50
7.375
19,215
160
43
192
167
43
197
169
169
5.20
5.20
5.10
4.95
5.25
5.35
5.50
15
196
200
143
144
144
144
20,691
Notes
B ills
C e rtific a te s of
indebtedness
Notes
B ills
6.25
7.625
5.70
5.80
5.95
6.00
6.05
6.15
6.20
6.25
400
100
96
96
96
96
48
48
48
48
40
243
40
250
10/30/75
11/04/76
11/12/76
3/25/76
6/03/76
12/02/76
12/09/76
12/14/76
12/28/76
12/14/76
12/02/76
6/02/77
3/10/77
4A 4/77
3/31/77
10/01/76
10/29/76
12/01/76
5/29/75
10/30/75
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
10/07/76
1/06/77
1/06/77
6/09/77
10/29/76
12/31/76
1/28/77
3/31/77
4.95
4.30
5/29/75
1/28/77
1/28/77
5/15/82
6.65
27
36
125
200
200
40
47
47
240
40
300
Dec.
20,753
C e rtific a te s of
indebtedness
Notes
B ills
1977-Jan.
20,908
C e rtific a te s o f indebtedness
Notes
Source: Bureau o f the Public Debt.
* Less than $500,000.
5.10
4.95
4.30
6.65
7.375
200
60
15
300
150
43
43
8.00
47
15
300
300
Treasury Bulletin
58
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in n&llions)
Amount
(Dollar equivalent)
Month of
activity
1972-July.
Aug..
Sept.
Securities
{
Issued
3.50
4.375
5.28
114
Certificates of indebtedness
Swiss francs
Swiss francs
2/4/72
8/4/72
8/4/72
2/2/73
3.625
4.25
57
Notes
Swiss francs
Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
j German marks
c Swiss francs
1 Swiss francs
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
francs
francs
francs
francs
8/6/71
8/19/71
U/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
29
32
j German marks
I Swiss francs
Swiss francs
Swiss francs
6/24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
285
26
francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
114
francs
francs
francs
francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
Swiss francs
Swiss francs
8/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
German marks
8/19/69
2/19/73
3.05
Swiss francs
Swiss francs
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
129
1/19/73
2/2/73
7/19/73
8/2/73
5.25
5.75
10
5
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
19
46
4
4
3
6
3
3
26
2
3
4
1/5/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
29
170
1/19/73
7/19/73
7/19/73
1/18/74
5.25
6.125
127
Notes
Notes
i
Certificates of indebtedness
Notes
Notes
Certificates of indebtedness 2/
Notes 2/
Apr.
Notes
C Swiss
J Swiss
\ Swiss
v.Swiss
I Swiss francs
C Swiss
/ Swiss
N Swiss
v.Swiss
f
(
|Swiss francs
tSwiss francs
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
f Swiss francs
) Swiss francs
\ Swiss francs
LSwiss francs
Certificates of indebtedness
Certificates of indebtedness
Aug.
Swiss francs
Swiss francs
(
1/17/72
11/1
28
2,001
153
57
1,850
28
31
1,852
153
275
26
1,710
33
43
1,713
57
1,561
154
111
1,578
1,743
25
148
124
j
1,746
2/2/73
8/2/73
5.75
62
Swiss francs
fSwiss francs
ISwiss francs
J Swiss francs
v Swiss francs
ISwiss francs
ISwiss francs
(jSwiss francs
8/27/71
5/18/72
5/30/72
8/2/73
8/20/73
8/27/73
8/30/73
8/27/73
8/20/73
8/30/73
11/1/74
11/20/74
11/27/74
11/29/74
5.67
4.77
4.55
8.70
8.25
8.125
8.20
391
37
383
1,758
172
1,586
64
38
400
38
3/3/72
10/2/73
2.051
Nov.
Notes
Swiss francs
r?
\Swiss francs
9/1/72
11/30/73
11/30/73
2/28/75
5.50
6.98
33
Swiss francs
Swiss francs
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
Footnotes-at end of table.
2,000
114
German marks
Notes
1,999
56
Notes
1974-tJan.
Total outstanding
end of month
76
Oct.
Certificates of indebtedness
Retired
111
7/21/72
1/19/73
7/3/72
1973-Jan.
July
Interest
rate
(percent)
1/21/72
7/21/72
7/3/67
Certificated of indebtedness
Mar..
Maturity
date
Swiss francs
Swiss francs
German marks
Notes
Feb.
Issue
date
Certificates of indebtedness
Notes
Oct.
** ..
Nov.
Payable
in —
(
(
Swiss francs
Swiss francs
32
}
586
127
1,588
65
67
February 197 7
59
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
Payable
in —
Securities
1974-Feb.
Notes
Mar.
Notes
Notes
1975-Jan.
Certificates of indebtedness
Notes
Amount
(Dollar equivalent)
\ Swiss francs
Swiss francs
t0 Swiss
J Swiss
S Swiss
v* Swiss
francs
francs
francs
francs
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
4-08-74
4—08—74
4-29-74
7-08-75
7-08-75
7-29-75
5.70
5.70
6.00
8.40
8.40
8.60
francs
francs
francs
francs
francs
francs
francs
francs
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
3-09-73
6-07-74
1-18-74
7-18-74
4-05-73
4-17-73
7-05-74
7-17-74
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
6-07-74
9-08-75
7-18-74
1-20-75
7-05-74
7-17-74
10-06-75
10-17-75
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
11-26-75
3-01-76
6.625
8.35
8.05
7.90
6.93
6.70
8.55
8.40
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
64
38
400
38
Swiss francs
Swiss francs
7/18/74
1/20/75
1/20/75
4/20/76
7.90
6.97
127
r Swiss
) Swiss
\ Swiss
V*Swiss
Swiss
Swiss
Swiss
; Swiss
Swiss
Swiss
Swiss
Swiss
29
170
64
38
400
38
127
Notes
r Swiss francs
V" Swiss francs
1/7/74
4/7/75
4/7/75
7/7/76
7.07
6788
67
May.
Notes
2/06/74
2/20/74
5/06/75
8/20/75
5/06/75
5/20/75
8/06/76
8/20/76
6.60
6.60
6.80
6.40
33
36
3/11/74
3/13/74
6/11/75
6/11/75
6/13/75
6/11/75
6/13/75
9/10/76
12/10/76
6/14/76
7.15
7.25
6.21
6.39
5.79
4/08/74
4/29/74
7/08/75
7/29/75
6/7/74
9/8/75
7/05/74
7/17/74
10/06/75
10/17/75
11/27/74
11/26/75
13/03/74
13/20/74
2/02/76
2/20/76
7/08/75
7/29/75
10/08/76
10/29/76
9/8/75
3/8/77
10/06/75
10/17/75
4/06/77
4/18/77
11/26/75
5/26/77
2/02/76
2/20/76
8/02/77
8/19/77
8.40
8.60
7.15
7.35
8.35
7.75
8.55
8.40
7.70
7.25
7.35
6.95
7.94
7.30
6.08
6.35
11/29/74
3/01/76
3/01/76
9/01/77
7.30
6.40
Sept.
Oct.
Notes
Nov.,
Notes
1976-Feb.
Notes
Mar.
Notes
Swiss francs
1.599
29
170
Apr.
Swiss francs
Swiss francs
Swiss francs
Swiss francs
'"Swiss francs
Swiss francs
rSwiss francs
J Swiss francs
\ Swiss francs
VSwiss francs
Swiss francs
^Swiss franc’
s
^Swiss francs
Swiss francs
Swiss francs
Swiss francs
1.599
127
33
Jaly,
1.599
127
6.98
6.10
I Swiss francs
< Swiss francs
J Swiss francs
Swiss francs
23
14
49
129
2/28/75
5/28/76
June.
1,597
129
11/30/73
2/28/75
C Swiss francs
311
29
24
15
50
f Swiss francs
i Swiss francs
{
1,589
318
30
Notes
francs
francs
francs
francs
32
35
33
36
Feb.
Swiss
Swiss
Swiss
Swiss
Total outstanding
end of month
Issued
5.40
5.25
6.60
6.60
Certificates of indebtedness
Notes
Interest
rate
(percent)
2/06/74
2/20/74
5/06/75
5/20/75
Notes
July.
Maturity
date
13/06/72
11/20/72
2/06/74
2/20/74
f Swiss francs
I Swiss francs
Apr.
June.
Issue
date
33
►
1,599
1.599
1.599
67
17599
33
36
1.599
318
30
148
170
30
1.599
38
50
38
50
129
1.599
29
170
1.599
400
1.599
64
38
1.599
38
1.599
129
29
170
400
64
38
38
1.599
60
Treasury Bulletin
_____________ PUBLIC DEBT OPERATIONS________________
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
1976-Apr.....
Securities
Notes
May.....
Notes
June.......
Notes
July....
Notes
Aug.....
Notes
Sept... ..
Oct.....
Nov.....
Dec.....
1977-Jan......
Notes
Notes
Notes
Notes
Notes
Payable
in —
f Swiss francs
\ Swiss francs
T Swiss francs
\ Swiss francs
f Swiss francs
\ Swiss francs
J Swiss francs
\ Swiss francs
f Swiss francs
) Swiss francs
\ Swiss francs
V Swiss francs
f Swiss francs
1 Swiss francs
J Swiss francs
1 Swiss francs
Issue
date
Maturity
date
1/20/75
4/20/76 #
2/28/75
5/28/76
6/13/75
6/14/76
4/07/75
7/07/76
5/6/75
5/20/75
8/6/76
8/20/76
4/20/76
10/20/77
5/28/76
11/28/77
6/14/76
12/14/77
7/07/76
1/06/78
8/6/76
8/20/76
2/6/78
2/20/78
Interest
rate
(percent)
6.97
6.10
6.10
*7
5.79
D. /P
6.88
6.70
6.80
6.40
6.50
6.35
6/11/75
9/10/76
7/08/7-5
10/8/76
9/10/76
3/10/78
10/8/76
4/07/78
7.15
5.95
francs
francs
francs
francs
francs
francs
7/29/75
10/29/76
6/13/75
6/11/75
9/08/75
12/10/76
10/29/76
4/28/78
12/10/76
12/10/76
3/08/77
6/09/78
7.35
5.80
6.39
6.39
7.75
5.25
Swiss francs
9/08/75
3/08/77
7.75
1 Swiss
V Swiss
Swiss
J Swiss
/ Swiss
| Swiss
Source: Bureau of the Public Debt.
1/ The principal amount of this note was increased $1 million to compen
sate for a lower interest cost than was anticipated when the' note was
-
Amount
(Dollar equivalent)
Issued
Retired
127
}
>,»»
33
“
30
/
J
)
J
j
1,599
1.599
^
1,599
}
1,599
127
67
33
36
Total outstanding
end of month
67
33
36
148
I48
1,599
38
38
50
^
1,599
50
_
137
20
150
20
26
1,579
^
1,546
1,520
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
61
February 197 7
UNITED STATES SAVINGS BONDS
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 1941,
interest yields,
sale since J,une 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
through April 30,
from May 1, 1941
Series
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
1941.
through April
Series J and K were sold from May 1, 1952
Details of the principal changes in issues,
September
through
May and
October 1961,
1970; and the Annual
June 1968,
the Treasury for fiscal years 1966 through
197p
4.
Table SB-1. - Sales and Redemptions by Series, Cumulative through, January 31, 197*7
(In millions of dollars)
Amount outstanding
Series
Series A-D 2/.,
Series E and H,
Series F and G,
Series J and K,
Total A-K... .
Sales 1/
Accrued
discount
Sales plus
accrued
discount
3,949
190,929
28,396
3,556
226,829
1,054
49,003
1,125
198
51,381
5,003
239,932
29,521
3,754
278,210
Redemptions 1/
Interestbearing debt
Matured
non-adnterestbearing debt
5,000
167,698
29,511
3,150
205,959
3
72,251
10
17
72,234
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
Redemptions 1/
Period
Fiscal years:
1935-67........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
Calendar.,jzears;
1935-66........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
Months:
1976-Jan.......
Feb__
lifer.......
Apr.......
May.......
June......
Aug.......
Sept......
Oct.....
Nov.......
Dec.......
1977-Jan.......
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interestbearing debt
Matured
non-interestbearing debt
170,678
4,739
4,550
4,449
5,082
5,940.
6,514
6,429
6,826
7,293
1,833
27,424
1,735
1,789
1,841
2,056
2,310
-2-,564
2-,'749
3,252
3,496
902
198,102
6,473
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
146,800
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
132,033
4,978
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
14,766
1,003
1,102
1,240
1,083
1,032
1,092
1,314
1,346
1,409
371
51,213
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
88
82
82
55
46
39
34
29
27
23
22
168,061
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
26,599
1,686
1,759
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
194,660
6,584
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
143,745
5,793
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
129,471
4,842
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
14,274
951
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
164
126
112
64
50
42
37
31
26
25
17
693
607
679
673
648
603
632
642
558
586
600
633
320
279
290
306
281
301
326
284
292
306
296
315
1,013
886
969
980
929
904
959
926
850
893
896
948
651
542
572
578
504
566
569
594
554
532
505
605
517
414
442
448
391
441
445
466
435
393
475
134
128
131
130
112
124
124
127
120
112
111
130
67,826
68,170
68,567
68,968
69,394
*69,733
70,428
71,079
70,752
71,113
71,506
71,853
25
25
25
25
24
23
22
23
22
21
21
17
677
345
1,022
641
504
137
72,234
17
Footnotes at end of Table SB-4.
420
1,040
and
Report of the Secretary of
62
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales %/
Accrued
discount
Sales plus
accured
discount
Total
Sales
price 2J
Amount outstanding
Accrued
discount j/
Interest-bearing
debt
Matured
non-interest
bearing debt
Series E and H Combined
Eissal. years;
1941-67...............
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
Calendar years:
1941-66...............
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976...... ..........
Months
1976-Jan..............
Feb..............
........ .....
Apr..............
May...............
June.............
July.............
Aug..............
Sept.............
Oct..............
Nov..... ...».....
Dec..............
1977-Jan..............
134,778
4,739
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
25,051
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
159,829
6,470
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
109,012
5,715
6,198
6 721
5 Z.16
5,331
5,581
6,675
6,517
6 539
1,715
96,457
L 73Q
5,112
*57,/A/
404
/
4,-33
5.5y4
I. 9Q/
L ZOO
5 361
5 172
5 130
i,-3?y
x
459
12,555
7/O
1 086
1^237
1,082
1,037
1,091
1L,.351JL/4
.
J-,-54?
1,409
50,817
Cl
51,711
;51,281
53,003
55.921
59,418
61.921
65,482
69.733
70.752
132,161
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
24,230
1,680
1,757
1,832
1,909
2,192
2,426
, 2,673
2,994
3,368
3,597
156,391
6,578
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
106,179
5,439
5,915
6,565
6,281
5,237
5 359
6*206
94 120
L *>1Q
5 391
5*060
19
n*?a
X
iC,U97
c
n1-Q7
71,017
1 173
1 991
L 917
L
4,-311
?xx
1,020
1-,
fUv4a
J
7
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71.853
693
607
679
673
320
279
290
306
281
1,013
886
969
648
603
632
301
642
284
292
558
586
600
633
677
326
306
296
315
980
929
904
959
926
850
893
896
948
1,022
4 898
J.,04
1,353
6*762
/1,Q7P
T
7<t
<5 £71
L Q*>Q
5,281
652
542
572
578
503
565
568
595
553
531
504
601
517
414
441
448
391
//I
///
*
******
467
z.33
4
?>
419
3Q3
/7P
13Z.
128
1.-?
31
X
X
19*2
19A
X
<£o
11 Q
119
•
IJ.C
mij.
x
19Q
67,826
68,170
68,567
68,968
69,394
69.733
70,428
71,079
70.752
71,113
71,506
71.853
641
504
137
72,234
1 9Aa
0c
17
<
I
1A
10
0
-?
397
140
6 290
1 48I
130
119
LJLc.
197
~
—
—
—
—
—
“
—
”
“
“
“
"
—
"
“
“
"
“
—
—
—
“
—
-
Series F, G. J. and K combined 4/
HscaJ- yeays:
1941-67...............
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
T.Q..................
Calendar years:
1941-66...............
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
Months;
1976-Jan.... ...........
Feb...............
Mar..........
Apt*....... ........
May........... .
June............. .
July.............. .
Aug...............
Sept.... .... .... .
Oct...............
Nov................
Dec............... .
1977-Jan...............
Footnotes at end of Table SB-4.
31,951
1,318
4
1
33,269
1
32 793
'266
140
27
8
6
5
5
31 *>9Z.
930
19Z.
9-/4
*
7
j
/
4j
j
4
31,951
1,315
6
2
*
33,266
39
*579
J
C.,?/c
31,322
*
218
7L
13
1a/
09
11
6
9
j
4
6
2
7
5
5
5
_
_
-
_
-
J
2
-
391
"
_
1.
J
*
*
*
“
1,250
32
23
9
2
4
8
6
0
c.
*
*
*
*
*
*
*
*
1
1
1
1
1
1
_
1
1
_
*
4
*
*
*
20
19
X
X
X
1
X
1
1
_
T
X
1
X
80
75
76
49
41
34
30
25
*
*
*
*
*
*
*
*
540
229
27
—
—
"
"
—
“
155
118
105
58
44
37
32
27
22
21
13
OO
Ol
<
cJL
Ol
cl
-
01
21
on
du
1Q
on
cU
TO
Id
Xo
n0
xo
13
3
*
-
13
63
February 197 7
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K-Continued
Period
Sales l/
Accrued
discount
Sales plus
accrued
discount
(In millions of dollars)
!
Redemptions 1/
Total
Sales
price 2/
Accrued
discount 2/
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Piscal years:
1941-67.V...
1968.....
196 9
197 0
i m .... .
197 2
197 3
197 4
197 5
197 6
T.Q......
Calendar years
1941-66...
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
Months:
1976-Ja n
Feb....
Mar....
Apr.
May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1977-Ja n
124,707
4,466
4,343
4,289
4,870
5,650
6,190
6,145
6.503
6,975
1,761
25,051
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
149,758
6,196
6,131
6,130
6,926
7,960
8,755
8,894
9,755
10,471
2,663
105,177
5,154
5,548
5,959
4,?59
4,972
5,209
6,156
6,063
6,114
1,611
92,622
4,178
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
12,555
976
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,622
196
I84
ao
231
292
338
310
310
326
80
42,959
43.805
44,205
44,167
45,902
48,598
51.806
54,234
57,617
122,276
4,574
4,452
4,221
4.503
5,218
5,922
5,988
6,524
6,729
7,245
24,230
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
146,506
6,255
6,209
6,052
6,412
7,411
8,348
8,661
9,518
10,097
10,841
102,599
4,941
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6,336
90,540
4,022
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
12,059
919
1,017
1,173
1,2a
1,020
1,049
1,234
1,353
1,331
1,481
1,510
207
191
180
228
249
329
319
310
326
327
42,398
43,504
659
577
649
643
620
584
608
615
537
566
576
611
320
279
290
306
281
301
326
284
292
306
296
315
979
856
939
949
901
884
934r
899r
829r
872
872
926
613
510
533
540
468
523
536
556
519
499
471
566
479
383
403
411
356
399
413
428
29
26
31
27
25
29
26
26
28
26
26
27
59,835
60,154
60,528
60,909
387
360
437
134
128
131
130
112
124
123
128
119
112
111
129
641
345
986
604
466
137
31
64,027
_
_
-
1,622
196
I84
ao
231
292
338"
310
310
326
80
7,858
7,766
7,506
7,114
7,101
7,323
7,612
7,686
^,86§
8.084
8.131
1,510
207
191
180
228
249
329
319
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8.177
7,991
8,016
8,039
8,059
8,077
8.084
8,103
8,116
8.131
8,146
8,163
8.177
8,207
400
61,648
62,621
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
1.3,676
61,316
61,648
62,325
62,964
62,6a
62,968
63,343
63,676
Series H
Fiscal years:
1952-67........
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......
Calendar years:
1952-66....
196 7
196 8
1970....
197 1
197 2
197 3
197 4
197 5
197 6
Monthsi
1976-Jan..
FeB..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov.,
Dec..
1977-Jan..
Footnotes at end of Table SB-4.
10,071
273
207
160
212
289
322
284
324
318
72
10,071
273
207
160
212
289
322
284
324
318
72
3,835
561
650
762
457
359
372
519
455
425
104
3,835
561
650
762
457
359
372
519
455
425
104
9,885
324
244
172
162
259
314
282
338
309
310
9,885
324
244
172
162
259
314
282
338
309
3,580
497
615
730
655
366
353
465
506
404
427
3,580
497
615
730
655
366
353
465
506
404
427
34
30
30
30
28
19
24
27
21
a
24
22
34
30
30
30
28
19
24
27
21
a
24
22
36
36
39
31
39
38
35
42
31
39
34
32
33
34
38
39
31
39
38
35
42
31
39
34
32
33
34
38
310
.
_
-
310
/
_
-
326
327
29
26
31
27
25
29
26
26
28
26
26
£7
31
64
Treasury Bulletin
____________________________________ UNITED STATES SAVINGS BONns_____________________________________
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unmatured
Matured
Period
Fiscal .years:
1951-61................
1962..................
1963..................
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976...................
T.Q...................
Calendar years:
1951-60................
1961...................
1962...................
1963...................
1964...................
1965...............;....
1966...................
1967...................
1968...................
1969...................
1970...................
1971..................
1972...................
1973..................
1974...................
1975..................
1976...................
Months:
1975-Dec...............
1976-Jan...............
Feb...............
Mar...............
Apr............. .
May...............
June...............
July...............
Aug...............
Oct...............
Nov...............
Dec...............
Total
Total
Series E
and H
Other
Total
Series E
and H
113,654
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
32,587
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
17,010
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
15,577
925 8/
657 2/
304
246
280
75,145
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
44,816
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
31,922
196
139
71,804
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
6,291
6,771
31,005
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
16,139
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
14,896 6/~7 ' 40,799
3,100
922
3,002
730 8/2/
426 2/
3,031
282
3,157
216
3,287
391
3,384
345
3,413
209
3,455
3,726
84
15
3,885
8
3,305
6
3,337
3,578
3
5
3,789
*
3,955
8
3,487
31,217
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
9,740
569
651
542
572
578
504
566
568
594
554
532
504
605
177
177
173
273
333
196
278
242
301
207
255
134
269
618
173
273
333
196
277
241
299
208
253
133
269
618
Source: Monthly Statement of the Public Debt of the U.S.; Office of Mar
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is
sue price, and redemptions and amounts outstanding at current redemp
tion value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, thay exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distri
bution of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
412
260
143
29
9
7
5
5
-1
4
3
*
*
*
*
*
*
1
1
-1
1
1
*
4
ij
5/
6/
2/
8/
2/
10/
*
392
478
268
239
382
226
324
268
386
299
398
235
-17
'
392
478
268
239
382
226
324
268
386
299
398
235
-17
Other
140
118
104
79
25
6
-
261
175
125
131
111
107
44
13
2
_
_
-
_
_
_
_
_
_
_
_
—
Unclassified
10/
9,890
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
-158
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
-
_
_
_
-
_
_
_
_
-
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4#
marketable bonds of 1978-83.
IncLudes exchanges of Series 1948 F and G bonds for 4-3/4# marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4# marketable bonds
of 1969.
Includes exchanges of Series i960 F and G bonds for 3-7/8# marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8#
marketable bonds of 1971 and 4# marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
February 197 7
65
.UNITED STATES SAVINGS NOTES.
demption
United States savings notes were on sale May 1, 1967
through June 30, 1970.
The notes were eligible for purchase
and information on investment yields of savings
notes appear in
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase o'f Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
fiscal years:
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
T.Q.............
Calendar years:
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
Months:
1976-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept........ .
Oct..........
Nov..........
Dec..........
1977-Jan..........
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
Amount
outstanding
1
201
326
323
11
*
*
*
2
-2
*
*
12
25
33
28
29
35
31
24
6
1
201
338
347
44
28
29
35
33
22
6
*
*
35
111
167
85
69
77
75
45
11
*
*
34
105
157
77
58
62
58
32
8
*
1
6
10
8
11
14
17
13
3
203
505
742
619
561
519
477
435
413
407
80
277
348
160
-3
*
*
*
*
*
5
18
31
31
28
29
39
25
24
80
281
366
191
27
28
29
39
25
24
*
7
76
154
124
71
74
82
53
42
*
7
72
145
116
62
60
66
40
29
*
3
8
9
9
13
16
14
13
80
354
644
682
584
540
496
453
424
406
*
*
-
2
2
2
2
2
2
4
4
-2
2
2
2
2
2
2
2
2
2
2
4
4
-2
2
2
2
2
3
4
5
3
5
3
4
3
4
1
1
5
2
2
3
4
2
4
2
3
2
3
1
1
3
1
1
1
1
1
2
1
1
1
1
*
*
2
1
423
421
418
417
414
413
413
413
407
409
409
406
406
-
Source: Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
2/
*
Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
Less than $500,000.
Treasury Bulletin
nWNBRSHTP OF FEDERAL SF.f!TTRTTTP.H
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
_______________________________ (In millions of dollars)_________________________________________________________
Interest-bearing public debt securities
End of
fiscal year
or month
Total
Federal
securities
outstanding
Held by U.S. Government accounts
371'978
367,969
383,428
410,292
438,154
469,251
487,081
5/4,131
631,285
645,748
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
1974-Dec.......................
1975-Mar.......................
504,031
520,702
1975-Dec.......................
1976-Jan.......................
Feb.......................
Mar.......................
Apr.......................
May.......................
June......................
July......................
Aug.......................
Sept......................
Oct.......................
587,584r
595,308
604,777
611,391
612,843
621,533
631,285
635,260
644,394
645,748
649,276
656,282
664,794
1976..........................
Dec.......................
Nonmarketable
Total
outstanding
Total
Marketable
Government
account series
1/
14,694
16,007
16,974
18,092
19,868
20,080
21,229
20,471
18,347
16,633
21,390
20,806
59,374
66,738
76,124
82,740
89,536
101,248
114,921
122,756
129,209
127,417
117,761
115,596
2,071
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2/055
2,055
2,056
2,056
52,230
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,/,27
491,561
508,581
76,138
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
141,207
138,458
575,657
581,861
592,874
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
139,343
139,279
139,776
139,067
139,122
143,704
149,611
147,626
148,028
146,105
144,617
144,891
147,098
19,392
19,691
19,151
19,104
19,104
18,563
18,347
17,993r
16,647r
16,633
16,636
I6,430r
16,483
117,896
117,533
118,570
117,908
117,963
123,086
129,209
127,577
129,326
127,417
125,926
126,406r
128,560
2,055
2,055
2,055
2,055
2,055
2,055
2,055
2,056
2,055
2,055
2,055
2,055
2,056
87,934
89,782
88,990
89,753
91,814
90,530
94,446
90,673
94,030
96,427
95,741
91,660
96,970
Interest- bearing public debt securities - Con.
Held by private investors
End of
fiscal year
or month
T.Q..........................
1974-Dec.......................
1975-Mar.......................
1975-Dec.......................
1976-Jan.......................
Feb.......................
Aug.......................
Nov................... .
Matured
public
debt
and debt
bearing
no interest
Total
outstanding
2/
Agency securities
Held by
U.S. Government
accounts and
Federal Reserve
banks
Marketable
Nonmarketable
216,032
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
269,854
288,705
159,668
156,006
157,911
161,863
165,978
167,869
164,862
210,386
279,788
294,603
181,000
197,765
56,363
56,814
58,231
66,020
76,566
90,078
89,686
91,704
95,409
96,425
88,853
90,940
3,178
1,991
1,893
1,841
1,901
1,788
1,822
1,067
1,179
1,142
1,104
1,078
24,399
14,249
12,510
12,163
10,894
11,109
12,021
10,943
10,853
11,047
11,367
11,042
3,001
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,193
2,099
348,380
352,800
364,108
370,404
369,991
373,843
375,197
385,281
390,233
391,028
394,704
407,092
408,388
255,865
259,843
270,632
276;439
275,526
278,928
279,788
289,053r
293,637r
294,603
296,213
307,309r
307,823
92,515
92,957
93,476
93,965
94,465
94,915
95,409
96,228r
"96,596r
96,425
98,491
99,783r
100,565
993
2,545
998
1,267
1,046
2,595
1,179
967
1,037
1,142
2,542
997
1,087
10,935r
10,902
10,907
10,901
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
2,128
2,216
2,222
2,224
2,233
2,224
2,223
2,218
2,222
2,222
2,214
2,209
2,184
Total
1968..........................
Other
2/ Change in heading reflects publication of the Monthly Statement of the
Public Debt of the U.S. on July 31, 1974.
2/ For detail, see Table FD-6.
r Revised.
Public
issues
held by
Federal
Reserve
banks
80,500
81,418
Held by
private
investors
21,398
11,403
9,956
9,911
8,724
8,953
9,869
8,757
8,630
tf,82*>
9,174
8,943
8,807r
8,686
8,685
8,677
8,637
8,637
8,630
8,496
8,844
8,825
9,459
9,433
9,^7
February 197 7
67
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
End of
month
Commer
Total
cial
privately banks
held
2J
1939-Dec..
1946-Feb..
Dec..
1950-June.,
Dec..
1951-June.,
Dec..,
1952-June.,
Dec..,
1953-June.
Dec..
1954-June.,
Dec..
1955-June.,
Dec..
1956-June.,
Dec..
1957-June.
Dec..
1958-June.
Dec..
1959-June.
Dec..
1960-June.
Dec..,
1961-June.
Dec..
1962-June.
Dec..
1963-June.
Dec..
1964-June.
Dec..
1965-June.
Dec..
1966-June.
Dec..
1967-June.
Dec..
1968-June.
Dec..
1969-June.
Dec..
1970-June.
Dec..
1971-June.
Dec..
1972-June.
Dec..
1973-June.
Dec..
1974-June.
Dec..
1975-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1976-Jan..
Feb..
Mar..
Apr.,
May..
June,
July...
Aug... .
Sept-. .
0c+,. ..
Nov....
Dec. p.
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
218.0
229.9
229.7
247.9
244.4
262.5
259.7
261.7
256.4
271.0
273.8
278.9
289.8
290.9
301.7
303.2
313.8
320.4
324.4
336.0
343.9
349.4
355.3
365.0
371.7
371.0
376.4
376.4
386.2
391.3
392.2
397.3
408.1
409.5
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
63.6
69.1^
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
54.6
56.5
61.8
64.1
67.7
69.0
71.8
74.8
78.3
79.3
82.2
85.1
86.0
87.2
91.9
91.7
91.6
91.8
94.0
92.5
93.3
94.8
99.8
102.5
Total
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
JL58.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
183.6
194.8
200.9
201.4
203.2
215.4
219.2
222.4
228.0
226.8
234.0
234.1
242.0
245.6
246.1
256.7
261.7
264.2
269.3
277.9
279.7
279.3
284.9
284.5
292.2
298.8
298.9
302.5
308.3
307.0
(Par values 2/ in billions of dollars)
Nonbank investors
Individuals 2/
Mutual
Savings bonds
Other
Insurance sav
Total
secu
ings
Series
Other
companies banks
E and H series 2/ rities
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
85.3
85.3
85.7
86.1
86.6
87.1
87.6
88.7
89.6
90.6
91.0
. 91.4
91.7
93.9
94.5
94.7
95.9
96.4
97.1
99.7
99.7
100.0
100.7
100.8
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
63.2
63.5
63.9
64.2
64.6
65.0
65.4
65.7
66.0
66.3
66.6
66.9
67.3
67.6
68.0
68.4
68.8
69.2
69.9
70.5
70.5
70.9
71.2
71.6
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
Source. Office of Government Financing in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
u
Consists
of the investments of foreign balances and international
1/
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
116.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
21.6
21.3
21.4
21.4
21.5
21.6
21.8
22.6
23.2
23.8
23.9
24.0
24.0
25.8
26.0
25.8
26.6
26.8
26.8
28.8
28.8
28.8
29.0
28.8
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
• 15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
6.3
6.3
6.6
6.8
7.1
7.1
7.4
7.5
7.7
7.9
8.8
9.3
10.0
10.1
10.4
10.3
10.4
10.5
11.1
11.6
11.6
12.1
12.2
12.3
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9*2
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
2.6
2.7
2.9
3.2
3.4
3.5
3.7
3.9
4.0
4.2
4.4
4.5
4.7
4.9
5.1
5.1
5.3
5.1
5.3
5.4
5.3
5.3
5.3
5.5
Corpora
tions 4/
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
11.3
11.4
12.0
12.5
13.7
13.2
16.2
16.0
15.0
17.5
20.0
20.2
21.2
23.2
23.0
23.8
26.0
25.0
27.0
27.8
25.7
24.7
24.2
25.5
State
and
local
govern
ments
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
30.0
30.5
29.7
29.8
29.8
29.6
31.3
31.2
32.2
33.8
33.9
33.8
34.6
36.4
37.8
37.7
37.6
39.5
37.2
38.7
39.1
41.5
42.1
41.6
Foreign
and inter
national
5/
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
*
14.8
20.6
32.7
46.9
50.0
55.3
60.2
55.5
57.7
58.8
61.5
64.6
65.0
64.9
66.8
66.0
66.7
67.3
65.5
66.9
66.1
66.5
68.3
69.6
68.1
70.2
71.0
69.8
72.8
74.6
74.6
?5.2
76.0
78.1
Other
investors
6/
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
22.3
21.6
26.1
23.6
26.6
27.6
29.1
31.1
32.2
35.8
37.5
38.6
38.9
39.9
40.8
37.4
38.7
38.2
41.9
40.9
42.9
43.6
47.7
43.2
accounts in the United States. Beginning with July 1974 the figures
exclude noninterest-bearing notes issued to the International Mone
tary Fund.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
Preliminary.
Treasury Bulletin
68
TREASURY SURVEY OF OWNERSHIP
DECEMBER 31, 1976
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
The similar proportion for corporations
Holdings by commercial banks distributed according to
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent.
published for June 30 and December 31.
these institutions.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table TSO-1.-Summary of Federal Securities
(Par values - in millions of dollars)
Classification
U.S. Govern
Total
Total
ment ac
amount
counts and private
outstand Federal
inves
ing 1/
Reserve
tors
banks
Held by private investors covered in Treasury Survey
State and local
Insurance companies
5,503
469
governments
486
commer mutual
449
186
314
439 fire, savings
savings 289
cial
loan corpo general pension
casualty, and
and
re
banks
banks
life
associa rations funds
and
tirement
2/
2/
tions
marine
funds
All
other
private
inves
tors j3/
Memorandum:
Held by
61,002
corporate
pension
trust
funds L j
Public debt issues:
-Interest -bearing public
Marketable.......... 421,276
Nonmarketable £/...... 231,181
Total interest-bearing
public debt securities. 652,457
Matured debt and debt
bearing no interest....
1,087
Total public debt
securities......... 653,544
Government agency issues:
Regular issues........
4,693
Participation
certificates 6/,.. *...
4,370
Total Govt, agency
securities covered in
Treasury Survey..... .
9,063
Nonsurveyed Govt, agency
securities...........
2,187
Total Govt, agency
securities 2/........
11,250
Total Federal securities... 664,794
Footnotes at end of Table TS0-5.
113,456
130,614
307,820
100,567
78,262
244,070
408,387
78,262
4,072
4,072
3,944
3,944
6,340
6,340
4,576 14,193
4,576 14,193
9,025
9,025
3,227
3,227
184,182
100,567
8,817
284,749
-
"
1,087
1,087
244,070
409,474
78,262
4,072
3,944
6,340
4,576 14,193
9,025
3,227
285,836
8,817
238
4,455
921
197
140
36
126
190
269
283
2,293 1
67
1,815
2,555
677
194
62
171
167
136
220
717
210
I
430
2,053
7,010
1,598
391
202
207
293
326
489
1,000
2,503
I
497
133
2,054
2,186
246,256
9,064
418,538
February 1977
69
_______________ TREASURY SURVEY OF OWNERSHIP______________
DECEMBER 31, 1976
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Pax values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/
Classification
Bv tvoe security!
Issued by U.S. Government:
Treasury bills........
163,992
Treasury notes........
216,669
Treasury bonds........
40,615
Total...............
421,276
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year.........
212,100
1 to 5 years.......... 1142,460
5 to 10 years......... ! 40,651
10 to 15 years........
10,612
15 to 20 years........
10,971
20 years and over.......
4,482
421,276
Total...............
Maturity classes (final
maturity):
Within 1 year.........
211,035
1 to 5 years.... .....
141,132
5 f.o 10 years.........
43,045
10 ,o 15 years........
4,333
15 to 20 years........
7,532
20 years and over......
14,200
Total...............
421,276
Footnotes at end of Table TS0-5.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,503
commer
cial
banks
2/
469
mutual
savings
banks
2/
* * fire,
casualty,
and
marine
289
life
Memorandum:
Held by
61,002
corporate
pension
trust
funds y
1,485
5,447
1,884
8,816
3,944
1,266
3,057
253
4,576
9,939
3,927
327
14,193
4,679
3,141
1,205
9,025
877
1,103
1,247
3,227
86,282
82,102
15,798
184,182
1,222
2,017
552
123
131
28
4,u7h
1,025
1,414
439
748
173
144
3,944
1,242
2,783
1,718
316
215
66
..67540
1,992
2,384
124
57
11
9
4,576
11,013
2,627
356
95
102
5,762
2,206
483
293
187
95
9,025
1,006
454
720
348
548
152
3,227
103,593
50,868
18,717
4,246
4,755
2,002
184,182
1,214
2,010
567
95
44
143
4,072
982
1,136
760
551
233
281
1,209
2,750
1,785
153
177
266
6,340
1,984
2,360
155
23
40
13
4,576
11,009
2,618
370
45
97
55
14,193
5,693
929
413
837
169
214
664
3,227
103,220
50,321
19,637
1,824
3,060
6,120
184,182
17,303
59,139
1,820
78,262
454
3,227
391
4,072
674
1,209
2,061
53,977
37,617
11,406
4,128
4,366
1,962
11374S6
31,268
40,091
6,136
259
483
24
78,2e>2
53,582
37,390
12,028
1,198
3,267
5,992
113,456
31,213
40,005
6,278
199
427
78,262
Held by
all
other
inves
tors 2/
790
4,596
954
6,340
41,728
55,169
16,560
113,456
140
486
savings
and loan
associa
tions
State and local
governments
186
314
449
pension
corpo general and re
rations funds
tirement
funds
3,944
14,193
2,130
628
135
200
239
9,025
1,994
3,324
1,699
180
1,314
305
' .878X6..
1,973
3,322
1,713
147
56
1,605
8,816
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Tj’eas^x.Mlls:
Regular weekly and annual
maturing:
Jan.
1977...,
Feb.
1977...
Mar.
1977...
Apr.
1977...,
May
1977...,
June
1977...
July
1977...
Aug.
1977...
Sept.
1977...,
1977...
Oct.
Nov..
1977...
Dec.
1977...
Total Treasury Bills.....
Treasury Notes:
1977-F__
6
Feb.
1977-A....
Feb.
8
1977-G__
6-1/2
Mar.
Apr.
1977-H__
7-3/8
May
1977-1__
6-3/4
May
1977-C__
6-7/8
1977-D....
May
9
June
1977-J....
6-1/2
July
1977-K....
7-1/2
1977-B..
..
Aug.
7-3/4
1977-L__
Aug.
8-1/4
Sept. 1977-M....
8-3/8
Footnotes at end of Table TS0-5.
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
governments
486
186
439 fire, savings 449
pension
casualty, and loan corpo 314
and
associa rations general and re
tirement
marine
tions
funds
funds
Insurance companies
5,503
commer
cial
banks
2/
469
mutual
savings
banks
2/
289
life
3
27
14
9
7
1
*
877
346
342
304
229
48
46
21
57
31
35
9
18
1,485
5
2
*
*
3
*
1
3
1
18
3
3
849
1,297
993
653
875
689
1,546
871
494
1,884
859
1,827
11
12
24
26
19
24
10
17
12
21
28
129
675
1,298
1,844
1,597
1,634
1,032
217
340
459
338
224
281
9,939
1,132
632
873
611
509
336
74
220
152
70
18
51
4,679
328
349
674
97
137
177
130
172
171
114
88
38
45
66
31
1,266
3
1
2
1
7
22
6
16
12
21
15
47
18
33
28
21
22
44
12
29
15
64
11
22
39
19
44
39
73
31
8
65
43
13
34
28
41
11
70
20
71
95
6
121
9
34
42
36
75
67
80
38
117
127
8
66
103
85
15
19
6,185
6,369
8,132
4,558
5,033
6,315
979
689
862
935
744
927
41,728
1,8482,976
2,797
2,292
2,902
2,310
411
309
188
251
583
435
17,303
95
118
63
40
40
22
27
22
9
4
6
9
454
172
200
98
74
75
14
11
28
2
1,665
5,163
2,576
1,579
2,137
2,565
5,329
2,170
1,516
4,918
2,021
3,226
165
3,102
555
84
178
631
3,031
260
84
1,685
120
48
437
606
762
685
738
890
696
690
677
1,098
875
1,152
32
26
41
37
55
35
14
50
78
57
48
44
-
Memorandum:
Held by
61,002
corporate
pension
trust
funds y
16,294
15,704
16,833
9,729
10,316
8,982
1,087
1,226
1,170
1,432
1,749
1,760
§6,282
182
166
101
90
64
35
48
24
37
19
13
10
790
27,008
27,949
31,058
19,125
20,773
19,232
2,977
2,953
2,917
3,095
3,402
3,505
163,992
Held by
all
other
inves
tors lJ
140
70
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, DECEMBER 31, 1976
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
Total
amount
outstand
ing y
Treasury. Notes (Con£inued)_:
7-1/2
Oct.
1977-N.....
6-5/8
Nov.
1977-Q.....
Nov
1977-E.....
7-3/4
Dec.
1977-P.....
7-1/4
Jan.
1978-J.....
6-3/8
Feb.
1978-A.....
6-1/4
8
Feb.
1978-G.....
Mar.
1978-K.....
6-3/4
6-1/2
Apr.
1978-L.....
May
1978-D.....
7-1/8
May
1978-M.....
7-1/8
7-7/8
May
1978-F.....
6-7/8
June
1978-N.....
6-7/8
July
1978-P.....
7-5/8
Aug.
1978-E.....
Aug.
1978-C.....
8-3/4
6-5/8
Aug.
1978-Q.....
Sept. 1978-R.....
6-1/4
5-7/8
1978-S.....
Oct.
Nov.
1978-T.....
5-3/4
6
Nov.
1978-B.....
Dec.
1978-U.....
5-1/4'
Dec.
8-1/8
1978-H.....
Feb.
1979-H.....
7
May
7-7/8
1979-D.....
June
1979-E.....
7-3/4
Aug.
1979-A.....
6-1/4
6-7/8
Aug.
1979-J.....
8-1/2
1979-F.....
Sept.
1979-K.....
Nov.
6-1/4
6-5/8
Nov.
1979-B.....
Nov.
1979-C.....
7
Dec.
1979-G.....
7-1/2
Mar.
7-1/2
1980-C.....
6-7/8
May
1980-A.....
1980-D.....
7-5/8
June
Aug.
1980-B.....
9
6-7/8
Sept. 1980-E.....
Dec.
1980-F.....
5-7/8
Feb.
1981-A.
7
7-3/8
Feb.
1981-C.....
1981-D.....
May
7-3/8
Aug.
1981-F.....
7-5/8
1981-G.....
Nov.
7
Nov.
1981-B.....
7-3/4
May
8
1982-A.....
Aug.
1982-B.....
8-1/8
7-7/8
Nov.
1982-C.....
8
Feb.
1983-A.....
Nov.
1983-B.....
7
May
7-7/8
1986-A.....
8
Aug.
1986-B.....
Exchange Series......... .
Total Treasury Notes........
Treasi^rx..Bonds:
May
1975-85.....
4-1/4
June
1978-83.....
3-1/4
Feb.
1980.......
4
1980.......
3-1/2
Nov.
Aug.
1981.......
7
Feb.
1982.......
6-3/8
Aug.
6-3/8
1984.......
May
1985.......
3-1/4
6-1/8
Nov.
1986.......
Aug.
1987-92.....
4-1/4
Feb.
4
1988-93......
7-1/2
Aug.
1988-93.....
May
4-1/8
1989-94.....
Feb.
3-1/2
1990.......
May
1990.......
8-1/4
Feb.
1993.......
6-3/4
May
1993-98.....
7
May
8-1/2
1994-99.....
Feb.
1995.......
3
7-7/8
Feb.
1995-2000...
8-3/8
Aug.
1995-2000...
8
Aug,
1996-2001., .,
1998.......
Nov.
3-1/2
May
2000-05.....
8-1/4
3,156
2,628
3,630
2,765
2,511
8,389
2,115
3,162
2,574
3,960
2,567
4,423
3,331
2,855
5,155
2,462
2,949
3,195
2,921
2,941
8,207
3,270
2,517
4,692
2,269
1,782
4,559
2,989
2,081
3,376
1,604
2,241
2,006
2,069
7,265
2,185
4,296
2,141
2,692
1,842
4,796
2,020
2,586
2,543
4,477
2,747
2,918
2,902
7,958
2,309
5,219
9,515
49
216,669
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
282
86
1,235
308
275
3,372
60
285
382
985
162
1,508
759
260
2,554
632
145
448
158
188
3,605
302
145
1,717
499
70
1,778
826
210
186
1,127
435
92
116
5,588
248
2,675
33
34
554
975
*
137
67
1,844
1,424
1,067
643
2,075
180
695
1,794
5,503
commer
cial
banks
2/
55,169
850
1,023
517
1,590
668
1,039
1,122
923
335
327
740
954
686
657
1,745
10
59,139
76
64
49
53
58
69
17
98
43
68
43
84
21
28
78
26
45
17
22
12
65
12
73
57
37
91
28
28
61
25
6
20
61
63
32
39
17
44
15
17
157
63
61
59
101
64
49
59
102
29
101
97
5
3,227
22
40
2
7
19
2
12
2
1
5
7
3
9
9
1
9
2
20
17
14
6
7
13
9
28
48
37
4
111
68
9
1,209
1,065
1,328
2,507
1,759
807
2,702
2,353
812
1,216
3,028
191
1,914
1,146
3,086
1,247
627
692
2,414
626
2,771
2,265
1,575
2,261
2,221
40,615
395
227
924
621
408
1,055
1,399
189
884
1,131
54
1,290
456
893
305
209
328
1,559
128
513
920
709
733
1,229
16,560
55
86
109
75
36
461
135
29
68
66
2
45
6
98
42
59
101
23
22
233
18
27
20
5
1,820
8
7
20
21
2
26
11
8
7
23
4
1
1
40
55
14
7
5
2
93
10
1
25
3
391
421,276
113,456
78,262
4,072
-
1,303
1,055
1,120
1,126
861
1,663
632
1,853
818
1,417
1,260
1,230
1,292
1,495
1,187
701
1,020
1,190
848
784
1,556
611
1,174
1,224
929
724
722
872
555
1,368
119
692
798
762
599
684
402
40
34
11
15
17
91
13
21
32
60
12
30
28
48
70
27
29
37
16
23
74
38
41
64
49
35
75
36
76
39
30
73
158
100
87
143
48
68
30
86
166
144
115
69
194
107
141
223
285
89
426
309
3
4,596
82
64
38
98
83
163
27
70
87
80
31
54
40
58
39
7
144
85
56
79
142
52
33
71
12
42
48
38
16
96
6
19
61
40
26
9
2
61
128
27
79
16
25
65
42
7
1
3
12
38
9
10
2
3,057
163
125
133
95
169
63
17
107
27
158
23
47
93
143
88
67
83
142
95
119
25
110
70
42
22
10
41
100
6
40
6
135
30
28
10
30
11
23
45
2
118
8
57
107
25
7
8
68
22
69
a
103
1
3,927
91
55
38
30
81
165
21
54
63
38
33
64
43
62
25
17
24
28
27
18
196
5
65
28
22
21
49
44
35
16
13
32
61
26
33
53
11
17
32
16
48
28
48
38
82
11
41
25
84
25
51
107
1
3,141
43
278
166
358
15
20
15
91
.9
110
46
8
33
510
41
19
14
9
17
67
35
11
128
16
2,061
34
33
92
56
4
78
31
24
5
111
5
14
33
66
88
5
3
25
9
35
68
69
17
48
8
24
57
39
3
11
6
27
1
21
6
5
9
40
37
*
14
23
*
3
4
11
5
30
26
18
14
26
11
33
3
8
7
*
327
69
76
234
108
5
37
77
12
12
126
1
16
16
121
14
12
13
13
30
36
82
73
22
76
41
34
27
1
8
1
10
*
136
10
10
22
61
108
24
21
129
11
184
118
60
10
1,205
3,944
6,340
14,193
9,025
42
46
41
27
10
50
16
22
3
37
9
28
1
5
18
27
1
1
*
1
133
-
954
Total Marketable Public Debt
Footnotes at end of Table TS0-5.
Memorandum:
State and local
Insurance companies 486
469
governments
savings 449
mutual
186
and loan corpo
savings
pension
439 fire, associa rations 314
289
banks
general and re
casualty, tions
life
2/
funds tirement
and
funds
marine
-
7
22
1
4
3
*
2
1
-
1
9
253
4,576'
2
4
5
2
1
26
1
3
3
14
2
7
5
2
20
1
2
-
5
-
14
_
1
15
5
12
4
6
42
20
*
5
1
8
1
11
5
13
-
4
16
23
1
24
26
24
64
92
74
29
126
291
-
1,103
Held by
all
other
inves
tors 2/
1,076
1,096
960
1,010
955
2,725
1,310
649
1,117
1,103
993
1,370
1,049
755
1,077
957
1,458
1,247
1,694
1,717
2,399
2,139
892
1,434
691
769
1,795
1,036
1,066
1,582
296
825
738
924
880
959
1,122
1,024
1,382
599
1,631
1,056
1,096
984
1,227
759
1,192
1,003
4,313
1,159
3,003
4,993
18
82,102
TJ0
1 A >y
tr
xieJLu
uy
61,002
corporate
pension
trust
funds y
48
48
10
45
29
37
39
79
66
107
65
124
103
70
87
35
43
104
13
9
25
6
70
67
29
66
15
99
96
47
5
31
95
67
30
88
21
40
12
51
167
156
128
56
174
122
279
232
430
38
670
531
8
__ 5>ML
142
373
547
829
416
333
992
655
421
227
1,301
53
525
543
1,248
576
266
177
638
372
1,605
1,006
690
1,246
757
21
2
13
6
2
11
13
1
9
9
5
33
4
14
124
10
9
127
4
555
394
210
4
305
1,247
15,798
1,884
3,227
184,182
8,816
71
February 197 7
.TREASURY SURVEY OF OWNERSHIP, DECEMBER 31, 1976.
Table TSO-4. - Securities Issued by Government Agencies
Type
Total
amount
outstand
ing 1/
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
486
5,503
469
U.S. Govern- commer mutual Insurance companies savings 449
corpo
289
439 fire, and loan rations
cial
savings
counts and banks
life
banks
casualty, associa
Federal
tions
and
y
y
Reserve
marine
banks
Export-Import Bank:
Issues to State & Local Govts.
(Mtg. Backed Bonds) 8/......
Participation Certificates... .
Total....................
Federal Housing Administration:
Debentures....... ....... .
Government National_Mortgage.
Association:
23
79
190
93
8
556
10
56
4
23
8
31
_
3
82
_
190
143
12
248
72
80
46
602
_
2
12
71
13
74
6
11
-
14
56
232
11
1,799
598
184
58
163
164
136
208
645
164
427
37
13
22
9
4
9
-
-
22
135
4
-
55
117
38
3
26
-
19
197
1,369
43
1,598
391
202
207
293
326
489
1,000
2,503
497
103
784
45
143
250
2,293
_
_
16
118
79
862
_
10
575
98
4,120
250
U.S. Postal Services:
1,825
Total Government Agency Securities
9,063
Memorandum:
Held by
61,002
corporate
pension
trust
funds y
19
1,900
Tennessee ValievJtothQEits:
State and local Held by
all
governments
3X4 , 186
general pension inves
funds and re tors y
tirement
funds
2,053
Table TSO-5. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
Issue
Banks fo r Cooperatives:
Debentures........................................ .
Faro C redit Banksi.
Discount Notes.................. ............. .
Farmers Home Adm inistration:
Insured Notes.................................. .
Federal Home Loan Banks:
Discount Notes.................. .
Bonds........................ ........................ .
FHLMC Mtg. Backed C e rtific a te s
&Bonds 10/............... ..
Issues to State and Local
Govts. 8/ 10/.............................. .
T o ta l.................................................. .
Federal Intermediate C redit Banks:
Debentures 5 / , ............................ ....
Federal Land Banks:
Bonds.................. .............................. .
Total
amount
outstand
ing 1/
Held by investors covered in Treasury Survey
469
Insurance companies 486
U.S. Govern commer
449
savings
mutual
ment ac
289
439 f ir e , and loan corpo
c ia l
savings
counts and banks
banks
lif e
casualty, associa rations
Federal
and * tion s
y
y
Reserve
marine
banks
5,503
State and lo c a l
governments
Held by
a ll
other
186
314
pension
general and re inves
funds
tirement to rs 2/
funds
Memorandum:
Held by
61,002
corporate
pension
tru s t
funds 4/
121
357
27
2,424
23
-
58
43
8
532
16
83
248
51
192
434
1,844
186
1
2
1
198
8
343
62
471
2
235
37
737
6
60
8,377
564
31
257
1
15
95
1,024
122
-
4,330
92
990
102
12
38
728
-
72
4
10
2
5,408
295
1,521
386
355
322
16,489
_
1,800
199
3,696
13
572
1,690
24
150
76
19
167
-
-
-
-
18,861
1,824
4,046
661
80
267
1,032
350
360
907
293
9,402
696
10,494
438
2,166
347
19
94
451
221
638
35
6,086
109
17,127
1,018
3,536
552
65
266
510
289
487
412
9,994
617
1,607
27,148
1,064
10
71
1,187
70
3
123
252
406
11
1
888
8
13
272
47
701
427
7
14,611
200
54
1,145
117
15
107
72
59
298
5,207
231
86
2,898
1
8
175
850
51
19
547
30,565
3,030
-
5,846
1,330
201
446
1,331
547
1,695
20
-
*
4
1
1
3
87,534
6,696
18,178
3,386
741
1,197
3,741
360
-
-
-
Federal National A rte a g a
Association:
Discount N o te s.................... ..
Debentures.................. ..................... .
C ap ital Debentures........................ .
Mtg. Backed Bonds.......................... .
Issues to State and Local
Govts................................................ .
T o ta l.............................................. .
D is t r ic t o f Columbia:
Stadium Bonds................................. .
To ta l Government Sponsored Agency
S e cu ritie s covered in su rvey.. . . ,
110
-
-
6
2
-
1/ Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
Excludes trust departments.
K
2/ Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
Consists of corporate pension trust funds and profit-sharing plans
which involve retirement benefits. The data are compiled from quar
terly reports by bank trustees who report total number of funds
administered and Public Debt and Agency Securities held. It is
estimated that these funds account for approximately 90 percent of
Federal Securities held by all corporate pension trust funds. Since
the data are not available each month, the regular monthly Survey
includes holdings by these funds under "Held by all ^the-r* private
5/
6/
7/
8/
2/
10/
*
2
-
-
540
-
1,630
*•
-
4,319
-
495
-
-
333
15,815
1,095
2
9
-
1,543
46,104
2,742
investors." The quarterly data are presented as supplemental
information in a memorandum column accompanying the Survey for each
reporting date, beginning with December 31, 1953.
Data on holdings of nonmarketable public debt were no longer collected
beginning with July 1974 Treasury Survey of Ownership.
Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
Includes matured securities outstanding on which interest has ceased*
Direct Placements with State and Local Governments with various
interest rates and maturity dates.
Includes securities issued for use as collateral for short-term
borrowings.
Obligation of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks.
Less than $500,000.
Treasury Bulletin
72
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1976.
The tables which follow report the security holdings of
Commercial bank ownership was first published in the May
those commercial banks included in the Treasury Survey of Own
1944 issue of the ’’Treasury Bulletin” based on the Survey date
ership by type of bank and by type of security.
for December 31, 1943.
The figures in
It has appeared at semiannually or
the columnar headings indicate the number of reportirg banks in
quarterly intervals since that time and is now being published
each class.
for the June 30 and December 31 Survey dates.
Table TSC-1. - Summary of Interest-Bearing Public Debt Securities
(Par values - in millions of dollars)
Held by
5,503
commercial
banks 1/
Classification
3,220
Federal Reserve member banks
Reserve city
member
banks
12
New York
City
9
Chicago
2,283
3,046
153
other
country
nonmember
banks
Interest-bearinff nubile debt securities:
Marketable.......... ............ .
Nonmarketable 2/.........................
78,262
64,960
10,736
4,013
23,895
26,316
13,301
Total interest-bearing public debt securities....
78,262
64,960
10,736
4,013
23,895
26,316
13,301
3,046
nonmember
banks
Footnotes at end of Table TSC-5.
Table TSC-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Federal Reserve member banks
Classification.
By type security:
Issued by U.S. Government:
Treasury bills......................
Treasury notes......................
Treasury bonds......................
Total............................
fiy mafrjri-ta.distribution:
Call classes (due or first becoming callable)
Within 1 year......................
1 to 5 years.......................
5 to 10 years......................
10 to 15 years......................
15 to 20 years......................
20 years and over...................
Total............................
Maturity classes (final maturity):
Within 1 year......................
1 to 5 years............. ...........
5 to 10 years.......... .............
10 to 15 years.............. .......
15 to 20 years......................
20 years and over........... ........
Total............................
Footnotes at end of Table TSC-5 .
Held by
5,503
commercial
banks 1/
12
New York
City
Chicago
17,303
59,139
1,820
78,262
15,022
48,472
64,960
2,565
7,942
229
10,736
31,268
6,136
26,149
33,385
4,781
6,447
801
259
483
24
78.262
414
18
64.960
194
____ 2_
10.736
4.013
26,102
33,306
4,908
127
381
3,280
6,446
803
6
14
188
2.295
1.532
184
1
1
1
64.960
10.736
4.013
40,091
31,213
40,005
6,278
140
199
427
78.262
2,283
Reserve city
3,220
member
banks
1,466
212
136
3,281
12
1,486
2,520
___ 8
4,013
2.295
1.532
184
2
1
153
other
country
7,753
15,611
531
3,218
23,895
26,316
13,301
11,583
10,577
1,477
91
158
____ 8__
23.895
8,991
14,830
2,319
107
61
____ 8_
5,119
6,706
1,355
47
69
____ 6__
13.301
11,554
10,550
1,533
54
46
157
23.895
8,973
14,778
2,389
2,281
10,667
354
26,316
66
76
35
26,316
5,111
6,699
1,369
13
63
___ 46_
13.301
February 197 7
73
_____________ TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31,
Table TSC-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Federal Reserve member banks
Issue
Treasury Bills:
Regular weekly and annual maturing:
Jan.
1977...................
Feb.
1977...................
Mar.
1977...................
Apr.
1977...................
May
1977...................
June
1977...................
July
1977...................
Aug.
1977...................
Sept.
1977...................
Oct.
1977...................
Nov.
1977...................
Dec.
1977...................
Total Treasury Bills........................
jreasmr,Joxes
6
Feb.
1977-F..................
8
Feb.
1977-A..................
6-1/2
Mar.
1977-G..................
7-3/8
Apr.
1977-H..................
May
1977-1..................
-6-3/4
6-7/8
May
1977-C..................
9
May
1977-D..................
6-1/2
June
1977-J..................
7-1/2
July
1977-K..................
Aug.
1977-B..................
7-3/4
Aug.
1977-L..................
8-1/4
Sept.
1977-M..................
8-3/8
7-1/2
Oct.
1977-N..................
6-5/8
Nov.
1977-Q..................
Nov.
1977-E..................
7-3/4
Dec.
1977-P..................
7-1/4
Jan.
1978-J..................
6-3/8
Feb.
1978-A..................
6-1/4
8
Feb.
1978-G..................
Mar.
1978-K..................
6-3/4
6-1/2
Apr.
1978-L..................
7-1/8
May
1978-D..................
7-1/8
M?y
1978-M..................
7-7/8
May
1978-F..................
6-7/8
June
1978-N..................
6-7/8
July
1978-P..................
7-5/8
Aug.
1978-E..................
Aug.
1978-C..................
8-3/4
6-5/8
1978-Q..................
Aug.
1978-R..................
Sept.
6-1/4
5-7/8
Oct.
1978-S..................
Nov.
1978-T..................
5-3/4
6
Nov.
1978-B..................
Dec.
1978-U..................
5-1/4
8-1/8
Dec.
1978-H..................
7
Feb.
1979-H..................
Footnotes at end of Table TSC-5.
Held by
5,503
commercial
banks l/
nonmember
banks
9
Chicago
13
38
72
366
696
126
6
2
11
20
109
28
1,486
658
1,861
1,544
929
813
1,141
164
100
73
51
192
225
7,753
440
290
140
110
47
90
50
65
3,218
496
357
355
287
311
192
46
56
57
26
60
37
2,281
*
1
21
56
7
17
50
*
17
18
126
152
55
287
127
190
251
100
141
247
183
234
286
571
330
286
362
406
383
165
566
223
497
399
172
404
522
269
104
290
408
282
258
284
168
348
359
200
315
315
352
323
333
271
314
289
499
340
407
478
427
514
379
277
801
206
935
352
587
328
578
268
347
545
329
309
378
299
211
828
126
358
549
85
208
96
121
206
210
159
189
124
275
157
204
181
180
220
215
137
403
103
218
143
217
140
258
146
98
211
183
145
197
87
90
415
59
200
227
1,353
2,619
2,442
2,005
2,591
2,118
365
253
131
225
522
398
15,022
1615
133
369
290
641
561
54
41
1
63
171
81
2,565
437
606
762
685
738
890
696
690
677
1,098
875
1,152
1,303
1,055
1,120
1,126
861
1,663
632
1,853
818
1,417
1,260
1,230
1,292
1,495
1,187
701
1,020
1,190
352
397
666
564
532
680
537
501
553
822
719
949
1,122
875
899
912
724
1,260
529
1,635
675
1,200
1,120
972
1,146
1,397
975
518
875
993
761
694
1,141
553
973
996
*
27
43
29
13
79
117
46
*
122
19
10
60
71
26
53
34
66
848
3,046
12
New York
City
1,848
2,976
2,797
2,292
2,902
2,310
411
309
188
251
583
435
17,303
784
1,556
611
1,174
1,224
2,283
Reserve city
3,220
member
banks
148
90
85
91
349
167
388
333
110
69
275
206
176
198
20
202
185
59
246
13
46
73
118
7
11
10
43
15
26
44
55
86
195
51
16
1
1
4
27
8
57
83
30
153
other
country
521
587
457
421
Treasury Bulletin
74
— TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1976
Table TSC-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par values - in millions of dollars)
Issue
Held by
5,503
commercial
banks 1/
Federal Reserve member banks
Reserve city
3,220
member
banks
12
New York
City
9
Chicago
2,283
3,046
country
nonmember
banks
281
139
3ha
361
110
161
154
409
265
254
201
153
other
Notes,,,(Continued).:
7-7/B
7-3/4
6-1/4
6-7/8
8-1/2
6-1/4
6-5/8
7
7-1/2
7-1/2
6-7/8
7-5/8
9
6-7/8
5-7/8
7
7-3/8
7-3/8
7-5/8
7
7-3/4
8
8-1/8
7-7/8
8
7
7-7/8
8
June
Aug.
Aug.
Sept.
Nov.
Nov.
Nov.
Dec.
Mar,
May
June
Aug.
Sept.
Dec.
Feb.
Feb.
May
Aug.
Nov.
Nov.
May
Aug.
Nov.
Feb.
Nov.
May
Aug.
1979-A...............
1979-J...............
1979-F...............
1979-K...............
1979-B...............
1979-C...............
1979-G...............
1980-C...............
1980-A...............
1980-D...............
1980-B...............
1980-E...............
1980-F...............
1981-A...............
1981-C...............
1981-D...... ........
198lr-F...............
1981-G...............
1981-B...............
1982-A......... .....
1982-B...............
1982-C...............
1983-A...............
1983-B...... .......
1986-A...............
1986-B...............
929
724
722
872
555
1,368
119
692
798
762
599
684
402
850
1,023
517
1,590
668
1,039
1,122
923
335
327
740
954
686
657
1,745
10
Total Treasury Notes.
Treasury, Bonds:
May
4-1/4
June
3-1/4
Feb.
4
3-1/2
Nov.
Aug.
Feb.
6-3/8
6-3/a
Aug.
May
3-1/4
6-1 /8
Nov,
Aug.
4-1/4
Feb.
4
7-1/2
Aug,
4-1/8
May
Feb.
3-1/2
May
St 1/4
Feb.
6-3/4
7
May
May
8-1/2
Feb.
3
7-7/8
Feb,
8-3/8
Aug.
8
Aug.
Nov.
3-1/2
May
8-1/4
Total Treasury Bonds,
59,139
1975-85..............
1978-83..............
198077.r.V.VT.T.........
198 0
198 1
1982................
1984................
1985................
1986.................
1987-92..............
1988-93..............
1988-93..............
1989-94........ .....
1990.... ...........
1990................
1993................
1993-98........... .
1994-99..............
1995................
1995-2000............
1995-2000............
1996-2001............
1998..... ...........
2000-05..............
Total marketable public debt securities.........
Footnotes at end of Table TSC-5.
55
86
109
75
36
461
135
29
7&>
570
5a
683
394
1,207
91
524
670
605
418
582
307
758
928
442
1,403
493
933
960
721
253
235
6a
685
534
514
1,427
7
48,472
47
80
92
65
25
335
105
22
68
66
2
51
45
45
101
33
5
91
36
33
98
23
21
22
233
18
27
20
5
1,820
18
199
17
27
15
3
1,466
78,262
64,960
6
98
42
59
2
44
45
2
52
13
516
76
26
*
127
41
133
240
86
230
8
11
2
19
44
155
35
143
44
378
413
53
629
117
265
130
70
3
31
76
31
137
154
365
7,942
4
44
27
*
18
5
5
130
8
230
*
1
8
9
*
1
1
2
*
39
20
99
47
38
10
*•
60
1
4
3
104
*
2,520
*
*
1
2
*
*
*
1
2
*
*
*
*
•*
5
*
*
-
-
-
1
*
3
1
328
69
298
331
284
252
203
251
139
205
ZL6
68
189
154
221
263
273
164
298
363
158
96
90
213
218
190
98
402
1
15,611
29
27
31
17
*
93
46
9
a
28
276
126
462
*
192
272
419
455
143
114
271
435
203
258
556
5
22,399
18
52
53
37
24
241
58
10
30
16
128
156
182
101
96
92
96
75
186
175
106
162
202
82
92
120
269
152
143
318
4
10,667
8
6
17
10
12
126
30
7
16
20
1
*
7
24
12
1
2
42
1
102
5
27
2
*
229
*
*
*
*
•*
*
*
*
8
*
90
10
*
8
*
531
10,736
4,013
23,895
26,316
1
168
1
42
24
17
5
13
17
7
2
*•
6
3
698
52
*
189
162
162
28
12
9
41
8
7
6
26
3
2
3
34
1
4
2
354
13,301
75
February 197 7
.TREASURY SURVEY OF OWNERSHIP, DECEMBER 31, 1976.
Table TSC-4. - Securities Issued by Government Agencies
(Par values - in m illio n s o f d o lla rs )
Federal Reserve member banks
Reserve city
Held by
5,503
commercial
banks l/
Issue
E xport-Im port Bank:
Debentures..........................................................
Issues to State and Local Govts. (Mtg.
Backed Bonds)..................
Participation Certificates........
Total.........................
Federal Housing Adm inistration:
Debentures..........................................................
Government N ational Mortgage Association:
P a rtic ip a tio n C e rtific a te s ........................
U.S. Postal Service:
Bonds..................................................................
Tennessee V a lie v A u th o rity:
Bonds........................................
Total Government agency securities covered
by Survey.........................
3,220
12
member
banks
9
Chicago
New York
City
3,046
153
other
country
2,283
nonmember
banks
784
656
82
68
295
211
128
79
862
65
720
82
68
50
345
14
226
14
142
71
46
9
2
36
24
480
29
273
177
119
6
2
4
6
14
17
631
455
306
13
9
55
37
18
1,598
1,292
137
68
Table TSC-5. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
________ (Par values - in m illio n s o f d o lla rs )
Federal Reserve member banks
Issue
Banks for Cooperatives:
Debentures;.......
Farm Credit Banks:
Discount Notes...
Farmers Home Administration:
Insured Notes..........
Federal Home Loan Banks:
Discount Notes.............
Bonds....................
FHLMC Mtg. Backed Certificates
and Bonds 2/ ..............
Issues to State and local govts.
Total.
Federal Intermediate Credit Banks:
Debentures.................
Federal Land Banks:
Bonds..........
Federal National Mortgage Association:
Discount Notes................
Debentures...................
Capital Debentures.............
Mtg. Backed Bonds..............
Issue to State and local govts....
Total.
District of Columbia:
Stadium Bonds....
Total Government sponsored agency
securities covered in survey ....
Held by
5,503
commercial
banks 1/
Reserve city
3,220
member
banks
•12
New York
City
9
Chicago
990
534
67
72
67
54
1,521
1,044
25
16
199
3,696
121
6
131
2
2,831
106
150
98
34
4,046
3,050
170
2,166
1,537
3,536
2,561
298
5,207
231
110
174
4,017
5,846
4,417
258
18,178
13,210
831
160
2/
*
142
2,283
nonmember
banks
319
457
14
5
227
776
477
17
856
95
1,739
78
865
21
44
52
108
894
1,878
995
104
6
426
1,001
630
153
10
722
1,675
976
5
2
232
21
60
3
23
1,188
16
144
2,538
65
125
1,190
71
44
1,228
2,866
1,429
3,639
8,529
4,968
66
1/ Includes trust companies and stock savings banks but excludes securities held in trust departments.
2/ Data on holdings of nomarketable public debt were no longer collected
beginning with July 1974 Treasury Survey of Ownership.
153
other
3,046
country
64
120
Obligations of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks,
Less than $500,000.
76
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 31, 1977.
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable secu
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Securities
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
$2,604
2,604
2,501
2,602
2,508
2,306
2,104
2,110
2,307
2.507
2,412
2,416
2.507
26-week
$3,699
3,803
3,603
3,602
3,602
3,405
3.103
3,105
3.404
3.506
3,508
3.402
3.501
3,710
3,702
3.502
3,601
3.506
3.405
3,202
3.103
3.403
3,505
3,501
3.507
3,596
Bank discount
Issue date
13-week
26-week
8/5/76
11/4/76
8/12/76
11/12/76
11/18/76- 8/19/76
8/26/76
11/26/76
9/2/76
12/2/76
9/9/76
12/9/76
9A6/76
12A6/76
9/23/76
12/23/76
9/30/76
12/30/76
10/7/76
1/6/77
1/13/77 10/14/77
1/20/77 10/21/76
1/27/77 10/28/76
11/4/76
11/12/76
11/18/76
11/26/76
12/2/76
12/9/76
12/16/76
12/23/76
12/30/76
1/6/77
1/13/77
1/20/77
1/27/77
Maturity
date
Bid
2/3/77
2/10/77
2/17/77
2/24/77
3/3/77
3A0/77
3A7/77
3/24/77
3/31/77
4/7/77
4/14/77
4/21/77
4/28/77
5/5/77
5A2/77
5/19/77
5/26/77
6/2/77
6/9/77
6/16/77
6/23/77
6/30/77
7/7/77
7A4/77
7/21/77
7/28/77
Change from
last month
Amount
outstanding
(millions)
52-week
2,930
3,105
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
+.39#
+.32
+.25
+.25
4*63#
4.60
4.57
4.57
4.55
4.57
4.58
4.58
4.59
4.68
4.68
4.72
4.72
4.79
4.80
4.83
+.21
+.22
+.23
+.23
+.25
+.28
+.25
+.27
+.25
+.29
+.30
*-.32
+.35
+.36
+.37
+.38
+.40
+.47
4.86
4.88
4.89
4.90
4.92
4.97
Amount
outstanding
(millions)
$ 2,005
Bank discount
Issue
date
52-week
Maturity
date
2/10/76
2/8/77
3/9/76
3/8/77
4/6/76
4/5/77
5/3/77
5/4/76
6/1/76
5/31/77
6/29/76
6/28/77
7/27/76
7/26/77
8/24/76
8/23/77
9/21/76
9/20/77
10/19/76 10/18/77
11/15/76 11/15/77
12/14/76 12/13/77
1/10/78
1/11/77
Special Issue
Issue
date
Maturity
date
12/10/76
4/21/77
Bid
Change from
last month
+.37#
+.23
+.27
+.30
+.34
+.45
4.63#
4.57
4.67
4.80
4.86
4.95
5.03
5.12
5.15
5.20
5.21
5.24
5.23
+.46
+.53
+.53
+.56
+.57
+.63
Bank discount
Bid
Change from
last month
4.72$
+.27$
5.00
5.01
5.02
5.02
Table MQ-2. - Treasury Notes
Price
Amount
outstanding
(millions)
$5,163
1,665
2,576
1,579
2,565
5,329
2,137
2,170
1,516
2,765
2,628
4,918
2,021
3,226
3,156
3,630
2,511
3,162
2,574
2,567
8,389
2,115
2,462
3,960
4,423
3,331
2,855
5,155
2,949
3,195
2,921
8,207
2,941
2,517
3,377
2,839
4,692
2,269
1,782
4,559
2,989
Description
8$
6
6-1/2
7-3/8
6-7/8
9
6-3/4
6-1/2
7-1/2
7-1/4
6-5/8
7-3/4
8-1/4
8-3/8
7-1/2
7-3/4
6-3/8
6-3/4
6-1/2
7-1/8
6-1/4
8
8-3/4
7-1/8
7-7/8
6-7/8
6-7/8
7-5/8
6-5/8
6-1/4
5-7/8
6
5-3/4
8-1/8
5-1/4
5-7/8
7
7-7/8
7-3/4
6-I/4
6-7/8
-
-
-
-
-
-
-
-
2/15/77-A
2/28/77-F
3/31/77-G
4/30/77-H
5/15/77-C
5/15/77-D
5/31/77-1
6/30/77-J
7/31/77-K
12/31/77-P
11/30/77-Q
8A5/77-B
8/31/77-L
9/30/77-M
10/31/77-N
II/I5/77-E
l/31/73-J
3/31/78-K
4/30/78-L
5/31/78-M
2/15/73-A
2/28/78-G
8/15/78-C
5A5/78-D
5/15/78-F
6/30/78-N
7/31/78-P
8/15/78-E
8/31/78-Q
9/30/73-R
10/31/78-S
11A5/78-B
II/3O/78-T
12/31/78-H
12/31/78-U
I/3I/79-L
2A5/79-H
5/15/79-D
6/30/79-E
8A5/79-A
8/15/79-J
Footnotes at end of Table MQ-3.
Bid
100.02
100.01
100.06
100.15
100.14
101.01
100.15
100.16
101.03
101.14
100.26
101.08
101.19
101.27
101.14
101.22
100.20
101.00
100.22
101.14
100.16
102.09
103.26
101.14
102.10
101.04
101.05
102.07
100.25
100.07
99.20
99.23
99.11
103.14
98.13
99.16
101.15
103.08
103.04
99.23
101.02
(Price decimals are 32ds)
Yield
Change
from last
month
-.09
-.04
-.08
-.12
-.11
-.13
-.11
-.12
-.15
-.27
-.24
-.19
-.19
-.21
-.20
-.22
-.26
-.30
-1.02
-1.04
-.26
-1.00
-1.13
-1.03
-1.06
-1.07
-1.07
-1.09
-1.08
-1.09
-1.09
-1.13
-1.12
-1.21
-1.13
-1.18
-1.26
-1.27
-1.20
-1.27
To
maturity
6.13$
5.44
5.20
5.32
5.24
5.22
5.23
5.23
5.24
5.61
5.61
5.36
5.40
5.50
5.50
5.53
5.72
5.85
5.92
5.98
5.75
5.78
6.12
5.95
5.98
6.03
6.06
6.09
6.10
6.11
6.10
6.17
6.13
6.19
6.15
6.14
6.22
6.33
6.33
6.37
6.41
Change
from last
month
+1.24$
+.56
+.63
+.66
+.58
+.29
+.55
+.55
+.52
+.75
+.76
+.68
+.58
+.60
+.59
+.61
+.73
+.73
+.80
+.77
+.72
+.74
+.78
+.77
+.79
+.81
+.77
+.75
+.77
+.77
+.76
+.81
+.79
+.80
+.80
+.76
+.76
+.75
+.68
+.75
Price range since first traded 1/
High
Issue
date
Price
114.08
2A 5/70
100.10
3/3/75
3/31/75
100.24
4/30/75
101.24
101.13
2A5/74
105.19
8A5/74
101.00
5/27/75
101.00
6/30/75
102.01
7/31/75
102.12
12/31/75
3/3/76
101.20
8/15/70
114.00
8/29/75
103.03
9/30/75
103.11
102.08
10/31/75
103.19
11/15/74
2/2/76
101.16
3/31/76
102.05
101.30
5/17/76
102.26
6/1/76
106.20
2A5/71
103.15
10/7/75
106.10
5A5/74
102.22
2/18/75
8/15/75
103.25
6/30/76
102.17
102.18
7/21/76
103.24
5/15/75
102.06
8/31/76
9/30/76
101.20
101.01
11/1/76
101.08
11/15/71
100.28
11/30/76
105.08
10/22/75
12/31/76
99.27
2/3/77
99.23
2A7/76
103.09
11/6/74 . 105.10
7/9/75 1 105.08
8/15/72
101.23
8/16/76
103.09
Date
3/22/71
4A4/76
4A5/76
1/30/76
2/21/75
2/21/75
4/14/76
12/03/76
1/29/76
12/3/76
12/3/76
4/21/76
1/12/76
1/12/76
12/07/76
2/21/75
12/7/76
12/3/76
12/3/76
12/3/76
3/22/71
12/3/76
2/5/75
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/10/76
12A0/76
12/3/76
12/10/76
12/3/76
12/27/76
1/21/77
12/2/76
12/2/76
12/3/76
12AO/76
12/10/76
Low
Price
98.08
97.03
97.18
93.23
94.29
99.31
97.17
97.00
98.18
100.02
99.08
97.04
99.26
99.31
100.02
98.30
98.20
99.00
98.17
99.18
92.06
99.12
99.24
96.27
93.16
99.22
99.29
97.26
99.28
99.22
99.17
90.10
99.10
100.07
93.10
99.10
98.23
98.04
97.16
90.04
99.27
Date
8/23/74
9/11/75
8A5/75
9/16/75
8/26/74
8/23/74
9/16/75
9/16/75
9/16/75
5/27/76
5/27/76
3/26/74
9A5/75
9A7/75
12/9/75
9/16/75
5/27/76
5/27/76
5/27/76
5/27/76
8/23/74
9/30/75
8/23/74
9/16/75
9A6/75
6/28/76
7/21/76
9/16/75
8/20/76
9/24/76
1/27/77
8/23/74
1/23/77
10/15/75
1/27/77
1/27/77
3/4/76
9A5/75
9/15/75
8/23/74
8/5/76
February 1977
77
.MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 31, 1977.
Table MQ-2. - Treasury Notes—Continued
(Price decimals are 32ds)
Yield
Price
Amount
outstanding
(millions)
$2,081
3,376
1,604
2,241
2,006
7,265
4,296
2,069
2,185
2,141
2,692
1,842
4,796
2,020
2,586
4,477
2,543
2,697
2,747
2,918
2,902
7,958
2,309
5,219
9,515
5
17
15
3
2
1
2
3
Change
from last
month
Description
Bid
8-1/2#
6-1/4
9/30/79-F
11/15/79-K
11/15/79-B
11/15/79-C
12/31/79-C
5/15/80-A
8/15/80-B
3/31/80-C
6/30/80-D
9/30/80-E
12/31/80-F
2/L5/81-A
2/15/81-C
5/15/81-D
8/15/81-F
ll/15/81-B
11A5/81-G
2/15/82-D
5/15/82-A
8/15/82-B
ll/15/82-C
2A5/83-A
11A5/83-B
5/15/86-A
8A5/86-B
4/1/77-EA
10/1/77-E0
4/1/78-EA.
10/1/78-E0
4/1/79-EA
10/1/79-EO
4/1/80-EA
10/1/80-E0
4/1/81-EA
10/1/81-E0
6- 5/8
7
7-1/2
6-7/8
9
7-1/2
7-5/8
6-7/8
5-7/8
7
7-3/8
7-3/8
7-5/8
7-3/4
7
6-1/8
8
8-1/8
7-7/8
8
7
7-7/8
8
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1- 1/2
1-1/2
-2.04
-2.04
-2.04
-2.04
-2.09
104.25
99.16
100.11
101.08
102.14
100.24
107.02
102.14
102.25
100.15
97.01
100.16
101.24
101.24
102.21
103.07
100.12
96.30
104.11
104.28
103.26
2.11
-
-2.16
2.11
-
-2.18
-2.23
-2.28
-3.00
3.02
-
-2.31
-3.04
-3.07
-3.09
-3.00
-3.05
-3.07
-3.08
-3.16
-3.30
-4.09
-4.10
104.12
99.13
103.08
104.08
98.26
96.24
94.18
91.30
87.24
87.18
85.10
83.10
.00
-.0 2
-.06
-.26
-2.26
+.04
-1.00
-1.00
-1.08
-1.04
81.00
78.22
To
maturity
Price range since first trade 1/
Change
from last
month
Issue
date
+.77#
+.82
9/4/75
11/15/76
2A5/73
11/15/73
1/6/76
5A5/73
8/15/74
3A7/76
6A0/76
8/31/76
11/30/76
2A5/74
2/18/75
1/26/76
7/9/76
11/15/74
10/12/76
1/6/77
5A5/75
8/15/75
11/17/75
2A7/76
11/L5/76
5/17/76
8A6/76
4A/72
10/1/72
4A/73
10/1/73
4A/74
10/1/74
4/1/75
10/1/75
4A/76
10A/76
6.51#
6.45
6.49
6.50
6.57
6.62
6.72
6.63
6.70
6.73
6.69
6.86
6.87
6.90
6.93
6.97
6.91
6.85
7.00
7.05
7.06
7.10
7.11
7.39
7.37
8.89
6.58
6.42
6.70
7.76
6.67
6.73
6.71
6.82
6.93
+ .81
+.80
+.81
+.77
+.70
+.77
+.79
+.82
+.85
+.83
+.83
+.77
+.77
+.75
+.79
+.71
+.67
+.66
+.65
+.67
+.72
+.61
+.60
+2.43
+.63
+.48
+.76
+3*70
+.09
+.50
+.44
+.48
+.41
High
Price
Date
107.18
101.28
102.26
103.22
105.04
103.12
110.06
105.04
105.23
103.19
100.11
103.28
105.08
105.06
106.10
106.30
104.10
99.30
108.04
108.20
107.05
108.08
104.04
107.20
108.20
98.26
96.24
94.18
91.30
87.24
87.18
85.10
83.10
81.00
78.22
12/2/76
12/10/76
12/10/76
12/10/76
12/02/76
12A0/76
12/10/76
12/2/76
12/2/76
12/2/76
12/3/76
11/26/76
12/2/76
11/26/76
12/2/76
12/2/76
11/26/76
12/31/76
12/3/76
12A0/76
12/3/76
12/3/76
12/10/76
12/30/76
12/30/76
1/31/77
1/31/77
1/31/77
1/31/77
1/31/77
1/31/77
1/31/77
1/31/77
1/31/77
1/31/77
Price
Date
90.23
99.08
91.02
92.16
99.14
91.16
100.21
99.11
100.05
99.24
97.00
91.14
95.06
98.11
100.00
96.12
99.23
96.26
97.01
97.20
98.12
100.15
99.04
99.06
101.01
80.02
80.16
79.16
77.20
75.12
73.04
74 .IO
72.00
74.16
76.20
9/16/75
1/27/77
8/23/74
8/23/74
5/27/76
8/23/74
8/23/74
5/27/76
6/4/76
9/9/76
1/27/77
8/23/74
9/1/75
5/27/76
7/1/76
9A6/75
9/30/76
a/26/77
9/16/75
9A5/75
12A0/75
5/27/76
1/27/77
5/21/76
8/5/76
4/28/72
10/31/72
9/30/74
9/30/74
9/30/74
10/31/74
4/30/75
10/1/75
5/28/76
10/1/76
Footnotes at end of Table MQ-3.
Table MQ-3. - Treasury Bonds
(Price decimals are 32d's)
$1,064
1,322
2,506
1,758
807
2,702
2,353
808
1,216
3,059
1,247
3,016
190
627
1,914
1,138
621
692
2,226
2,414
2,771
2,265
1,575
2,221
Description
4-V4*
3-1/4
4
3-1/2
7
6-3/8
6-3/8
3-1/4
6-1/8
3-1/2
8-1/4
4-1/4
4
6-3/4
7-1/2
4-1/8
3
7
3-1/2
8-1/2
7-7/8
8-3/8
8
8-1/4
-
-
-
-
-
Bid
81.22
5/15/75-85
80.12
6/15/78-83
2/15/80
93.04
90.00
11/15/80
100.30
8/15/81
98.02
2A5/82
97.04
8A5/84
77.02
5/15/85
95.10
11/15/86
2/15/90 ^/ 73.16
5/15/90 3 / 106.12
8/15/87-92 i/ 74.20
2/15/88-93 2/ 74.08
2/15/93 i/ 94.22
8A5/88-93 2/ 99.28
5/15/89-94 2/ 74.06
2A5/95 2/ 73.08
5A5/93-98 2/ 96.14
11/15/98 2/ 73.14
5/15/94-99 2/ 107.16
2/15/95-00 j1/ 102.06
8A5/95-00 j1/ 106.16
8/15/96-01 j1/ 103.10
5/15/00-05 j1/ 105.22
Price range since first traded 1/
Yield
Price
Amount
out
standing
(millions)
Change
from
last
month
To first
call or
maturity
2/
-4.16
-4.30
-1.30
-2.04
-3.02
-2.26
-2.22
-6.24
-3.04
-10.08
-4.25
-10.10
-10.26
- 3.30
- 4.12
-10.06
-10.12
- 2.30
-10.10
- 5.00
- 4.30
- 5.00
- 5.00
- 5.02
7.23#
7.14
6.53
6.52
6.76
6.84
6.87
6.94
6.79
6.55
7.48
6.95
6.63
7.32
7.51
6.66
5.33
7.33
5.63
7.79
7.67
7.77
7.70
7.75
1/ Beginning April 1953, prices are closing bid quotations in the over*" the-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued" prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
Change
from
last
month
+.82#
+1.10
+.78
+.72
+.76
+.66
+.46
+1.22
+.45
+1.33
+.53
+1.22
+1.23
+.43
+.45
+1.12
+1.01
+.28
+.94
+.43
+.44
+.43
+.43
+.41
Price
4A5/60
5/1/53
1/23/59
10/3/60
8A5/71
2/15/72
8A5/72
6/3/58
11/15/71
2/14/58
4/7/75
8/L5/62
1/17/63
1/10/73
8/15/73
4/18/63
2/15/55
5A5/73
10/3/60
5A5/74
2A8/75
«
5/15/75
Low
High
Issue
date
105.28
111.28
103.18
97.24
110.02
101.14
100.10
101.04
100.20
106.26
111.05
104.10
100.11
99.22
104.14
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
Date
Price
Date
5/5/61
8/4/54
5/21/61
5/21/61
11/15/71
3/9/72
12/3/76
6/11/58
11/5/71
4/21/58
12/31/76
12/26/62
1A6/63
1/4/73
9/28/73
8/28/63
6A8/55
9/28/73
5A2/61
12/31/76
12/31/76
12/31/76
12/31/76
12/31/76
66.30
5/26/70
5/26/70
12/29/69
5/24/70
9/18/74
8/28/74
8/27/74
5/26/70
9/29/74
5/26/70
9A2/75
5/26/70
5/26/70
8/26/74
8/26/74
8/26/74
5/26/70
8/26/74
62.02
71.04
66.24
93.16
86.16
87.12
61.08
85.04
59.20
97.00
63.00
62.18
82.18
89.16
61.26
59.20
84.04
59.20
97.02
91.22
96.04
99.30
95.00
5/26/70
8/26/74
9A6/75
8/10/76
9/15/75
2/ On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
j/ Included in the average yield of long term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
YIELDS OF TREASURY SECURITIES JANUARY 31,1977
Based on closing bid quotations
1977
PERCENT
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
PERCE
H
£>
C
O
H
>
H
HH
o
§
§
&
c!
3
xn
M
a
c
50
w
CO
CO
1
q
to
ts
1977
1978
1979
1980
198t
1982
1983
1984
1985
1986
1987
a-.
Note: The curve is fitted by eye and based only on the most actively traded issues. Market yields on coupon issues due in less than 3 months are .excluded.
79
February 197 7
AVERAGE YIELDS OF LONG -TERM BONDS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Treasury
bonds 1/
Period
S. I. A.
Aa new
corporate new Aa
bonds 2/ municipal
bonds 2/
S. I. A.
S. I. A. I
Treasury Aa new
new Aa
new Aa
1[ Treasury
municipal bonds 1/ corporate municipal 1I bonds 1/
bonds
2/
bonds 2/
bonds 2/ 1
Monthly series - averages of daily or weekly series
Treasury
bonds 1/
Aa new
corporate
bonds 2/
1966
Feb..........
Oct..........
Feb..........
Mar..........
Sept........ .
Period
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.18
5.16
5.39
5.28
5.40
5.23 1/
5.09
5.04
5.09
5.24
5.36
5.66
Treasury
bonds 1/
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
Aa new
corporate
bonds 2/
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 1/
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 5/
5.97
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5.62
S. I. A.
new Aa
municipal
bonds J/
1976
Aug. 6
13
20
27
6,81
6.88
6.82
6.79 U
8.63
8.61
8.58
8.54
5.80
6.33
6.10
n.a.
Sept. 3
10,
17,
24
6.76
6.73
6.70
6.66
8.51
8.44
8.29
8.25
5.95
5.75
5.83
5.91
1969
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1220
9.00
8.84
9.00
9.09
9.53
9.70
9.09
9.08
9.00
9.14
8.97
8.13
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
5.62
5.67
5.66
5.74
5.64
5.59
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.20
5.96 u
6.14
6.20
6.11
6.25
6.32
6.53
6.85 y
6.41
6.25
6.30
6.35
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
7.09 U
7.02
7.18
7.33 %/
7.30
7.22
6.93
6.77
5.59 U
5.59
5.70
5.69
5.51
5.63
1222
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
1252
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
197A
8.32
8.21
8.60
9.04
9.39
9.59
10.18
10.30
10.44
10.29
9.22
9.47
S. I. A.
new Aa
municipal
bonds 2/
Weekly series - average for weeks ending
Period
Oct, 1..,.
8....
15....
22__
29....
Nov. 5....
12....
19....
26....
Aa new
corporate
bonds 2/
Treasury
bonds 1/
6.69
6.64
6.61
6.65
6.70
6.69
6.71
6.62 2/
6.52
1/ Treasury bond yields are based on a composite of closing bid quotations
in the over-the-counter market. Series includes bonds on which the
interest income is subject to normal tax and surtax which are neither
due nor callable before 10 years. For bonds currently in series, see
Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protec
8.31
8.28
8.26
8.25
8.19
8.20
8.22
8.18
8.09
5.70
5.87
5.84
5.87
6.00
n.a.
5.99
5.94
n.a.
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
6.68 U
6.66
6.77 U
7.05
7.01
6.86
6.89
7.11 (J
7.28
7.29
7.21
7.17
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
6.93
6.92
6.88
6.73
7.01
6.92
6.85
6.82 U
6.70
6.65
6.62 5 /
6.38
5.19
5.25
5.42
5.61
5.89
5.92
6.75
6.55
6.64
6.33
6.33
6.86
6.68
Period
10__
21....
28....
Aa new
corporate
bonds 2/
1975
9.17
8.84
9.48
9.81
9.76
9.27
9.56
9.71
9.89
9.54
9.48
9.59
1976
8.97
8.71
8.73
6.86
9.00
8.90
8.76
8.59
8.37
8.25
8.17
7.90
1977
7.97
S. I. A.
new Aa
municipal
bonds 2/
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.79
6.67
6.62
6.32
6.17
6.34
5.97
6.38
6.39
6.36
6.01
5.87
5.91
5.97
5.41
5.55
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
6.43
6.37
6.40
6.39
6.37
6.42
6.62
6.72
6.88
8,00
7.90
7.94
7.91
7.74
7.69
7.99
8.09
8.09
5.60
5.40
5.42
5.23
n.a.
n.a.
5.38
5.75
5.52
tion. The value of 5 years call protection in that period ranged from
10 to 25 basis points.
Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
j j One or more new long-term bonds added to the average.
5/ An existing bond dropped from the average,
n.a. Not available.
2/
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE, AND MUNICIPAL BONDS
00
©
PERCENT
PERCENT
10.0
10.0
9.0
>
<
8.0
7.0
W
>
O
a
m
o
6.0
r
o
2
o
H
a
sj
5.0
Od
o
2
G
GO
4.0
s
3.0
Si
b3
Si
1967
1968
1969
1970
1971
1972
1973
1974
1975
* Change in Aa computation method effective June 1973. See footnote 2 following table AY-1.
1976
1977
&
81
February 197 7
INTERNATIONAL FINANCIAL STATISTICS.
The tab les in t h is section are designed to provide data
on United States reserve assets and l i a b i l i t i e s and other
s t a t i s t i c s related to the United States balance o f payments
and in tern ation al fin a n cia l p o sitio n .
A number o f changes
were introduced in the May 1967 and July 1972 issues o f the
B u lle tin to increase the usefulness o f t h is section .
Table IFS-1 shows the reserve a ssets o f the United S ta te s,
including i t s gold stock, sp ecia l drawing righ ts held in the
Sp ecial Drawing Account in the International Monetary Fund,
holdings o f c o n /e r tib le foreign currencies, and reserve po
s it io n in the International Monetary Fund.
Table IFS-2 brings together s t a t i s t i c s on l i a b i l i t i e s
to foreign o f f i c i a l in s titu tio n s , and liq u id l i a b i l i t i e s to
a l l other fo reign ers, which are used in the United States
balance-of-payments s t a t i s t i c s .
Table IFS-3 presents an area breakdown o f United States
l i a b i l i t i e s to o f f i c i a l in stitu tio n s o f foreign cou n tries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to o f f i c i a l in stitu tio n s o f foreign
countries.
Table IFS-5 se ts forth the fa cto rs which a ffe c t the
United States p o sitio n in the International Monetary Fund.
Table IFS-6 presents a measure o f weighted-average
changes in exchange rates between the United States d o lla r
and the currencies o f certain other countries.
Table IFS-1. - U.S. Reserve Assets
End of
calendar year
or month
1957.........................
1959.........................
1962.........................
1966.........................
1968.........................
1971.........................
1972.........................
1975.........................
1976-Jan....................
Feb....................
Mar....................
Apr....................
May....................
June...................
July...................
Aug....................
Sept...................
Oct................... .
Nov....................
Dec....................
1977-Jan....................
Footnotes on following page.
Total
reserve
assets
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964 1/
14,487
12,167 8/
13,151 _2/
14,378 10/
15,883
16,226
19,087 11/
16,622 11/
16,661 11/
16,941 11/
17,438 11/
17,958 11/
18,477 11/
18,246 11/
18,586 11/
18,945 11/
19,013 11/
19,416 11/
18,747 11/
19,087 11/
(In millions of dollars)
Gold stock l/
Total
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 £/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2/
11,652 10/
11,652
11,599
11,658
11,599
11,599
11,599
11,599
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,658
Treasury 2/
Special
drawing
rights 2/
Convertible
foreign
currencies L j
_
_
-
-
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 £/
13,159
11,982
10,367
10,367
10,732
10,132
10,410 2/
11,567 W
11,652
11,599
11,658
11,599
11,599
11,599
11,599
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
851
1,100
1,958 2/
2,166 10/
2,374
2,335
2,375 11/
2,376 11/
2,376 11/
2,351 11/
2,325 11/
2,309 11/
2,316 11/
2,318 11/
2,325 11/
2,357 H /
2,352 11/
2,365 11/
2,395 11/
11,658
2,375 11/
-
-
116
99
212
432
781
-
1,321
-
2,345
3,528
2,781 2/
629
276 g/
241
8
5
80
372
333
296
571
936
938
1,365
864
845
1,038
1,066
1,146
320
372
Reserve
position in
International
Monetary Fund 5/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
585
465 2/
552 10/
1,852
2,212
4,682 11/
2,314 11/
2,390 11/
2,420 11/
2,578 11/
3,113 11/
3,198 11/
3,466 11/
3,818 H /
3,952 11/
3,997 11/
4,307 11/
4,434 11/
4,682 11/
82
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS,
Footnotes to Table IFS-1.
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
2/ Prior to December 1974, excludes gold held by the Exchange Stabili
zation Fund. On December 9, 1974, the Treasury acquired all gold
held by the Exchange Stabilization Fund. See" Account of the U.S.
Treasury,” Table UST-3.
Includes initial allocation on January 1, 1970 of $867 million, second
1/
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
includes holdings of Treasury and Federal Reserve System.
3/ The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amountsrelated to the United States quota. See Table IFS-5.
6/ Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve posi
tion.
Includes gain of $67 million resulting from revaluation of the Ger
u
man mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
8/
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
1/
2/
10/
11/
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund.
Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar on October 18, 1973, consisting of
$1,165 million total gold stock, $1,157 million Treasury gold stock,
$217 million special drawing rights, and $54 million reserve position
in the International Monetary Fund.
Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted-average of exchange rates for the currencies of
16 member countries. The United States SDR holdings and reserve
position in the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDR 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U.S. total
(net)
in the IMF
reserves
1976-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977-Jan.
2,449
2,449
2,449
2,435
2,435
2,435
2,435
2,435
2,453
2,453
2,476
2,482
2,482
2,389
2,465
2,520
2,690
3,246
3,318
3,583
3,922
4,034
4,087
4,415
4,495
4,797
16,770
16,809
17,139
17,660
18,217
18,716
18,480
18,800
19,123
19,204
19,635
18,895
19,309
February 1977
83
_______ INTERNATIONAL FINANCIAL STATISTICS_______
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
End of
calendar
year or
month
1957..............
1958..............
1959..............
1960 10/...........
1961 10/...........
1962 10/...........
Total
15,825 2/
16,845 y
19,428
f 20,994
^ 21,027
J 22,853
\ 22,936
f 24,268
{ 24,268
1963 10/...........
f 26,433
\ 26,394
29,313
1964 10/........... /
\ 29;364
29,568
1965..............
31,144
1966 10/........... [f 31,019
,
1967 10/........... {f 35,819
35,667
/ 38,687
1968 20/ ........... \ 38,473
1969 10/........... / 45,755 11/
\ 45,914
/ 47,009
1970 10/........... \ 46,960
f 67,681
1971 10/ 32/......... { 67,808
1972..............
1973..............
1974 IQ/...........
1975..............
l°76p.............
1975-Dec...........
1976-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
July..........
Aug...........
Sept..........
Oct...........
Nov. p........
Dec. p........
82,861
92,490 ] £ /
/ 119,240
\ 119,163
126,558
151,037
126,558
128,152
131,792
129,528
136,659
138,994
135,204
139,170
138,745
200
200
500
800
800
800
800
800
800
800
800
800
800
834
1,011
1,011
1,033
1,033
1,030
1,030
1,019
1,019
566
566
544
544
-
_
-
-
_
-
1 4 0 ,7 8 8
_
143,711
144,677
151,037
_
_
-
Short
term
liabil
ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes 2/
7,917
8,665
9,154
10,212
10,212
10,940
10,940
11,997
11,963
n.a.
n.a.
966
866
876
890
890
751
751
14,459
12,467
12,467
14,425
15,790
13,224
13,220
15^786
13,066
15,825
14,840
12,484
12,539
14,895
18,201
14,034
14,027
18,194
17,407
11,318
17,340
11,318
15,975 21/11,054
15,998
11,077
23,786
19,333
23,775
19,333
51,209
39,679
39,018
50,651
Total
Liquid
liabilities
to nonmone
tary in
Short
Market ternation
term
able U.S. al and re
gional or
Gov11.
Total liabil
ganizations
ities
bonds
reported and notes 8/
by banks 2/ 1/
in U.S.
Liquid liabilities
to other foreigners
Official institutions 2/
Liquid
liabilities
to IMF
arising from
gold trans
actions l/
Nonmarket
able U.S.
Treasury
bonds and
notes 4/
Other
readily
market
able
liabil
ities
Liquid
liabil
ities
to
banks
6/
3/
_
_
_
-
3,472
3,520
4,678
4,818
4,818
5,404
5,484
5,346
5,346
n.a.
n.a.
2,940
2,773
2,780
2,871
2,873
3,013
3,013
1,217
1,183
1,125
1,125
1,105
860
860
908
908
529
462
346
346
306
295
1,955
1,955
766
9
766
9
158
1,283
158
1,283
120
1,534
583
913
583
913
1,807
1,452
1,452
1,807
3,219
2,341
3,219
2,341
3,070 11/ 1,505
3,070
1,505
3,452
695
3,452
695
9,431
144
144
9,534
5,817
5,817
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14,472
14,472
23,638
23,645
17,137
17,169
10,262
10,949
3,397
3,387
3,730
3,753
4,059
4,271
4,272
4,685
4,678
5,053
4,909
4,464
4,589
4,676
4,604
4,138
4,141
40,000
61,526
‘66,861 12/43,923
76,801
53,057
53,079
76^823
80,681
49,513
91,797
53,457
5,236
5,701
5,059
5;059
6,671
11,788
14,666
17,694
5,043
5,932
29,516
37,309
80,681
81,229
82,356
82,455
84,271
85,670
85,179
85,924
86,717
86,076
86,815
87,679
91,797
6,671
6,882
7,057
7,788
8,245
8,508
9,225
9,519
9,835
10,800
11,027
11,367
11,788
15,747
543
15,564 12/ 1,673
16,339
16;339
I ’M
4,521
19,976
20,648
5,904
4,521
19,976
20,051
4,809
20,051
4,819
20,051
5,119
20,151
5,339
20,151
5,423
20,251
5,689
5,780
20,151
19,801
5,832
5,816
19,803
5,895
20,876
5,965
21,131
20,648
5,904
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
12,948
12,914
49,513
49,487
50,429
49,497
50,536
51,588.
50,01450,474
51,249
49,657
49,017
49,216
53,457
Note: Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements11 section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Fed
erally-sponsore*d agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held ly other international and regional organs
izations.
l/ Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign pur
chases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and fundS^awaiting
investment obtained from proceeds of sales of gold by the Inter
national Monetary Fund to the United States to acquire income-earning
2/ Includes Bank for International Settlements and European Fund.
y Derived by applying reported transactions to benchmark data; break
down of transactions by -type of holder estimated 1960-1963.
Excludes notes issued to foreign official nonreserve agencies.
1 / Includes long-term liabilities reported by banks in the United
States and debt securities of U.S. Federally-sponsored agencies
and U.S. corporations.
6/ Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
200
200
7/
3 4,6 10
36,940
35,527
37,309
2,399
2,230
2,230
2,355
2,357
2,565
2,565
3,046
3,046
3,354
3,377
3,587
3,743
3,7/4
4,127
4,120
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,694
n.a.
n.a.
541
543
550
516
516
448
448
764
1,047
1,190
1,525
1,541
1,948
1,949
2,161
2,195
351
341
376
376
472
528
528
558
558
609
465
525
525
647
565
447
447
1,960
1,965
1,722
1,722
1,431
906
905
691
677
725
722
659
663
844
425
430
1,626
2,003
3.322
846
1,528
1,523
8,912
10,729
13,512
4,618
5,502
8,305
8,414
10,028
12,536
701
976
5,632
8,419
10,729
10,473
10,774
10,878
11,522
11,306
11,447
11,763
12,149
12,345
L2,326
13,245
L3,512
10,028
9,766
10,060
10,118
10,758
10,560
10,646
10,932
11,238
11,474
11,399
12,275
12,536
701
707
714
760
764
746
801
831
911
871
927
970
976
5,632
5,526
5,553
5,724
5,674
5,662
5,947
6,740
7,051
7,757
7,630
8,226
8,419
8,803
29,516
30,924
33,109
30,471
35,192
36,356
32,631
34,743
32,828
2,252
2,430
$ i
3.322
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Principally the International Bank for Reconstruction and Development,
the IntersAmerican Development Bank and the Asian Development Bank.
2/ Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
10/ 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.
11/ Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
12/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series far the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December 31,
1971, as follows: U.S. Treasury certificates, $7 million; nonmarket
able U.S. Treasury bonds and notes, $103 million.
12/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
n.a. Not available,
p Preliminary.
8/
84
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In millions of dollars)
End of
calendar year
or month
196 3
196 4
196 5
.
.
Western
Europe
14,425
15.786
15,825
8,508
9,325
8,826
7.771
7 .771
10.321
8,070
8,062
1,789
1,812
1,702
1,333
1^333
1,310
1,867
1,866
1,058
1,283
1,550
1,310
1*310
1,582
1.865
1.865
1,888
1*911
2,740
3,028
3,309
3,900
3^955
4,428
5,043
4,997
13,620
13*615
30,010
30,134
34,197
45,764 6/
44.328
44.328
45.676
45.819
2,951
2*951
3.980
3.980
4,279
3,853
3,662
3,662
3.132
3.406
m
m
45.676
3.132
4.448
3.416
3,645
3,663
3,600
3,590
3,578
3,410
3,212
3.417
3,389
2.406
3,406
3,552
3.377
3,779
3,852
3,827
4,104
4,000
4.378
4,286
4,092
4,089
4.847
1966 2/....,
1975..
1976p.
18,194
17,407
17,340
15,975
15*998
23.786
23^775
51,209
50,651
61,526
66,861 6/
76,801
76,823
80,681
91.797
1975-Dec..
80,681.
196 7
1968 2/ ___
1969 lA...
1970 1/....
1971 1/ £/•
1972__
1973....
1974 i/.
1976-Jan..
Feb..
Mar..
Apr..
May..
June.
July...
Aug....
Sept...
Oct__
Nov. p.
Dec. p.
Latin
American
Republics
Total
foreign
countries
81,229
82,356
82,455
84,271
85,670
85,179
85,924
86,717
86,076
06,815
87,679
91.797
1/
45,741
45,091
43,443
43,581
43,242
42,425
42.321
41,504
41,564
41,927
44,059
45.819
Note: Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations.
1/ Includes Panic for International Settlements and European Fund.
2/ Includes countries in Oceania , Eastern Europe and We'stern European
dependencies in Latin America.
2/ Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
1,414
1,429
1,733
2,544
4.419
4.419
4.448
4.847
Asia
m
14,519
13,823
17,577
10,887
18,604
18,626
22.545
34.097
22.545
23,811
25,493
26,942
28,659
30,092
29,927
30,994
32,629
32,427
33,436
33,860
34.097
Africa
154
160
194
278
278
250
259
248
m
407
407
415
415
777
788
3.161
3.161
2,983
1,843
Other
countries
2/
176
178
245
248
248
303
303
302
291
291
871
870
2,963
3,025
2.627
2.627
1.897
1.785
2,983
1.897
2,724
2,731
2,718
2,805
3,141
3,245
3,134
3,098
2,758
2,414
1,925
1,843
1,985
2,019
1,910
1,774
1,778
1,900
2,065
1,896
1,624
1,557
1,340
1.785
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
2/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries, are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
85
February 197 7
. INTERNATIONAL FINANCIAL STATISTTPS
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year of
month
1962...................
1963...................
1964...................
1965...................
1966...................
1967...................
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1975...................
1976...................
1976-Jan................
Feb................
Mar................
Apr.......... ......
May................
June...............
July...............
Aug................
Sept...............
Oct................
Nov................
Dec................
1977-Jan................
Total
Total
251
893
1,440
1.692
695
1,563
3,330
3,181 U
3,563
9,657 5/
15,872
15,669 6/
16,339
19,976
20,648
_
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
14,867
18,377
19,102
20,051
20,051
20,051
20,151
20,151
20,251
20,151
19,801
19,803
20,876
21,131
20,648
20,622
18,452
18,452
18,452
18,552
18,552
18,652
18,552
18,202
18,204
19,277
19,552
19,102
19,102
Belgium
,
-
32
32
32
32
20
_
_
-
Canada
1/
Denmark
_
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
-
_
5,000
11,315
11,670
12,327
16,277
16,879
_
-
16,277
16,277
16,277
16,277
16,277
16,277
16,277
16,277
16,279
16,779
17,179
16,879
16,879
20
-
2,175
2,175
2,175
2,275
2,275
2,375
2,275
1,925
1,925
1,925
1,800
1,650
1,650
Germany
Italy
' 2/
Korea
_
13
160
184
177
146
135
25
22
22
—
_
-
_
-
15
15
15
15
15
-
_
-
Sweden Switzer
Taiwan Thailand
land
_
25
25
25.
25
25
25
-
_
-
573
573 '
573
573
573
_
-
100
100
100
100
100
-
-
20
20
20
20
20
-
-
Payable in foreign currencies
End of
calendar
year or
month
1962...................
1963...................
1964...................
1965...................
1966...................
1967...................
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1975...................
1976...................
1976-Jan................
Feb................
Mar................
Apr................
May................
June...............
July...............
Aug................
Sept...............
Oct................
Nov................
Dec................
1977-Jan................
Total
251
730
1,086
1,208
342
1,047
1,638
1,750 U
1,083 #
1,827 5/
1,539
1,459 6/
1,472
1,599
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
Austria
Belgium
_
50
50
101
25
50
50
_
30
30
30
30
60
-
-
-
Note: For further information, see "Public Debt Operations," Tables
PDO-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through Octobey'1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
-
_
-
-
Germany
1/
275
679
602
50
601
1,051
1,084 U
542
612
306
_
_
_
-
Italy
200
200
-
125
125
125
226
125
_
_
_
_
_
_
-
Switzerland
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
Bank for
International
Settlements
_
70
93
-
_
_
_
_
_
_
-
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
i j Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
5/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IFS-1.
6/ Includes $15 million increase in March and $147 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
Treasury Bulletin
86
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5. - U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
other countries
with IMF
U.S. transactions with IMF
Calendar year
or month
1946-58.
1959....
1960....
1961....
1962....
1963....
1964....
1965....
1966....
1967....
1968....
1969....
1970....
1971....
1972__
1973....
1974....
1975__
1976....
1976-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1977-Jan..
Pay
ments of
sub
scrip- .
tion in
dollars
2,063
1,031
Net
gold
sales
by IMF
1/
Net
borrow
ings by
IMF 7 j
Trans
actions
in
foreign
currencies 3/
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
10
-47
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
-59
-219
-572
-116
99
-5
-87
-4
-7
-127
-15
-6
-146
-28
-8
-133
-6
-7
600
150
525
435
680
776
-84
1,155
IMF net
income
in
Purchases
dollars of
dollars I j
22
712 2/1
150
1,362
200
-133
392
Note: The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2J Represents net loans made to the IMF under the General Arrangements
to Borrow.
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only to the extent that the Fund1s holdings of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
y
Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
5/ Represents the United States gold tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund's
holdings of dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
amounts related to the United States quota. Also included are loans
to the IMF which are repayable on demand if needed.
-1,073
-442
-2,078
-87
-232
-429
-140
-280
-233
-111
-56
-285
-109
-513
Repur
chases
in
dollars
1,098
442
580
521
719
207
5
268
741
40
195
426
14
11
37
70
74
20
40
25
10
90
35
133
IMF holdings
of dollars at
end of period
Total
change
792
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
-106
-76
-54
-169
-556
-72
-265
-339
-112
-54
-328
-80
104
Amount
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3.587 '
5,693 2/
5,617 2/
5,562 2/
5,393 2/
4,836 2/
4,764 2/
4,500 2/
4,161 2/
4,049 2/
3,996 2/
3,668 9/
3.587 2J
3,691 V
Percent
of
U.S.
quota
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
70
69
69
67
60
59
56
51
50
49
45
44
46
U.S.
reserve
position
in IMF
at end of
period
1/
1,958
1.997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
585
465
552
1,852
2,212
4.434
2,314
2,390
2,420
2,578
3,113
3,198
3,466
3,818
3,952
3.997
4,307
4.434
4,682 10/
6/ Includes $259 million gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
2/ Includes $30 million of special drawing rights.
8/ Represents amount payable in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
2/ Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
Payable to
the U.S.
the IMF
1976-Ja n
9
*
Feb............ .
Mar.............
58
Apr.............
26
May.............
31
June............
8
July............
2
Aug.............
12
Sept............
20
Oct.............
8
Nov.............
15
Dec.............
34
1977-Ja n
5
10/ Includes valuation adjustments on net borrowings by the IMF due to
changes arising from fluctuations in the dollar value of the IMF's
unit of account (SDR), for each month as follows (in millions of
dollars):
Increase or
Decrease (-)
1977-Jan.
-4
*
Less than $500,000.
87
February 197 7
_____________INTERNATIONAL FINANCIAL STATISTICS_____________
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar 1/
Vis-a-Vis
Bad of calendar
year or month
Currencies of 46 main
trading countries 2/
-0.9
-4.8
-4.9
-9.6
-9.6
-4.6
-1.2
Currencies of
OECD countries 2/
-2.0
-8.2
-9.4
-14.6
-16.0
-10.9
-10.3
-4.9
-5.2
-4.5
-4.0
-3.4
-3.7
-3.8
-3.8
-2.4
—0.8
+0.5
-1.2
-11.4
-11.9
-11.2
-10.7
-10.1
-10.9
-11.1
-11.2
-11.8
-11.2
-8.7
-10.3
-9.6
1/ This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade. U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes,though such weights do not provide a full
measure of individual currencies’ relative importance in U.S. inter
national transactions because they take no account of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
(EQ1)
Em = Z(A$/£ci * Mi/ZMJ
Where:
E^ is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
A$/fci is the percent change in the dollar
cost of foreign currency i; and
Mj/SM is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
-0.1
(EQ2)
Ex - S(AfCi/$ * X-j/ZX)
Where:
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars;
Afcj[/$ is the percent change in the
foreign currency i cost of dollars; and
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 = [(Ejn * m/m+x)*(-l)] + [Ex * x/m+x]
Where:
m/m+x is U.S. imports as a proportion «
of its total trade with all*countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
£/ Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2/ The currencies of 46 IMF member countries which account for approximately
90# of U.S. total trade,
p Preliminary.
88
Treasury Bulletin
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193^, Execu
tive Order 10033 of February 8, 19^9 9 and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States • These statis
tics axe then consolidated, and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May 31, 1963. 1/
The present form of the published presentation of the
"Capital Movements” statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability* and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner” as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter1national and regional organizations, wherever located. The
term "foreigner” also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data axe reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical, breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions axe not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions axe reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international, or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe.”
”Short-term" refers to obligations payable on demand
or having an original maturity of one year or less. "Long
term” refers to obligations having an original maturity of
more than one yeax, and includes securities having no con
tractual maturity.
Reporting coverage
Reports axe required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branches, agencies, subsidiaries, and other af
filiates in the United States of foreign firms. Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, in
cluding the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
these categories. Twice a year they also report their short
term dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, non
banking concerns, report monthly their transactions in secur
ities with foreigners; the applicable exemption level is
$100,000.
Quarterly reports are filed by exporters, importers, in
dustrial and comnercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims are $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers axe reported quarterly; the exemption level ap
plicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the same statis
tical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment” of the Fund, however, axe included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
89
February 1977
.CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large noribanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics” section, Table IFS-U). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers aAd sellers of the" securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with Itoited
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969* transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Conmerce in its regular reports on the
United States balance of payments.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
90
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
(In millions of dollars)
Foreign countries
End of
calendar year
or month
Official institutions 1/
Total
short
term
liabili
ties
Total
14,383
15,367
17,261
18,701
20,015
20,098
21,958
21,958
22,877
f 25,467
International and regional
Banks and other foreigners
Payable in dollars
Payable
in
Total
Other
foreign
Banks
foreigners currencies
Total
IMF
gold
invest
ment z/
Non
monetary
interna
tional and
regional
2/
104
104
95
95
104
742
752
1,031
1,442
1,317
1,317
2,050
2,084
1,547
200
200
500
691 U
613 U
613 U
800
800
739 U
542
552
531
751
704
704
1,250
1,284
808
3,354
3,376
118
90
1,618
1,618
800
800
818
818
7,360
10,023
9,864
11,132
11,008
14,298
3,587
3,743
3,743
4,128
4,120
4,444
59
93
72
77
77
173
1,479
1,381
1,381
1,287
1,273
1,483
800
800
800
800
800
800
679
581
581
487
473
683
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
148
148
21,166
21,207
16,917
16,949
4,029
' 4,038
220
220
1,221
1,221
400
400
821
821
158
165 2/
171
127 y
13,954
14,643 6/
19,284
23,196
10,034
10,721 6/
14,340
17,224
3,692
3,694
4,618
5,503
228
228
325
469
1,772
1,767
1,413
1,955
400
400
-
1,372
1,367
1,413
1,955
52,930
52,952
49,513
53,457
127 K
127 s/
-
38,619
38,520
39,544
49,846
29,676
29,467
28,966
36,592
8,304
8,414
10,029
12,536
639
639
549
718
3,171
3,171
5,293
5,391
-
3,171
3,171
5,293
5,391
49,513
49,487
50,429
49,497
50,536
51,588
50,014
50,474
51,249
49,657
49,017
49,216
53,459
_
-
39,544
40,690
43,169
40,589
45,950
46,915
43,276
45,675
44,066
46,084
48,339
47,802
49,846
28,966
30,324
32,467
29,904
34,429
35,628
31,944
34,076
32,167
33,913
36,178
34,751
36,592
10,029
9,766
10,060
10,118
10,758
10,560
10,646
10,932
11,238
11,474
11,399
12,275
12,536
549
600
642
567
763
727
687
667
661
697
762
776
718
5,293
4,934
4,521
4,769
5,518
5,513
5,365
5,671
5,649
5,966
5,102
5,506
5,391
Total
Payable
in
dollars
Payable
in
foreign
currencies
13,641
14,615
16,231
17,260
18,699
18,781
19,908
19,874
21,330
7,917
8,665
9,154
10,212
10,940
10,940
11,997
11,963
12,467
7,917
8,665
9,154
10,212
10,893
10,893
11,949
11,915
12,437
46
46
48
48
30
5,724
5,950
7,076
7,047
7,759
7,841
7,9U
7,911
8,863
3,413
3,460
4,601
4,705
5,299
5,380
5,251
5,251
5,713
2,252
2,430
2,398
2,230
2,356
2,357
2,564
2,564
3,046
23,849
23,900
13,224
13,220
13,224
_
25,518
13,220
-
10,625
10,680
7,153
7,213
25,551
24,072
f 27,724
{ 27,599
26,343
26,219
29,370
29,232
30,234
13,066
12,484
12,539
14,034
14,027
11,318
13,066
11,968
12,022
13,882
13,876
10,855
517
517
152
152
463
11,006
13,859
13,680
15,337
15,205
18,916
40,199
38,631
38,786
11,054
11,077
10,851
10,874
202
202
1970 5/........
41,719
41,761
40,499
40,5a
19,333
19,333
19,184
19,185
1971 f/........
/ 55,404
55,428
60,697
69,074
53,632
53,661
59,284
67,119
39,521 .
39,679
39,018 6 ' 38,854 6/
40,000
39,829
43,796
43,923
f 94,847
94,771
94,350
108,694
91,676
91,600
89,057
103,303
53,057
53,079
49,513
53,457
94,350
95,rUL
98,119
94,855
102,004
104,016.
98,655
101,820
100,964
101,708
102,458
102,523
108,694
89,057
90,177
93,598
90,086
96,486
98,503.
93,290
96,149
95,315
95,742
97,356
97,018
103,303
49,513
49,487
50,429
49,497
50,536
51,588
50,014
50,474
51,249
49,657
49,017
49,216
53,457
1957...........
1958...........
1959...........
I960...........
1961 5/........
1962 5/........
1963...........
1964 5/..... ....
1965...........
1966 5/........
1967 5/........
1968...........
1969 1/ ........
1972...........
1973...........
1974 2/........
1975...........
1976 P.........
1975-Dec........
1976-Jan........
Feb........
Mar........
May-........
June......
Aug........ .
Sept........
Oct... .
Nov.p.......
Dec.p.........
f
t
J
^
J 30,657
^ 30,505
31,717
f 40,040
_
1/ Includes Bank for International Settlements and European Fund.
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ Principally the International .Bank-for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
i j In addition, IMF gold investment included investments in U.S. Government bonds and notes which amounted to $109 million at end I960, $187
million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
6/
2/
8/
p
59
59
77
U3
-
_
_
.
_
_
_
-
_
_
_
_
5,293
4,934
4,521
4,769
5,518
5,513
5,365
5,671
5,649
5,966
5,102
5,506
5,391
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date*
Data on the second line differ from those on the first line because
certain accounts previously classified as “official institutions” are
included with "banks" and a number of reporting banks are included in
the series for the first time.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchangerates as of
Dec. 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
91
February 197 7
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
(In millions of dollars)
Official institutions 1/
Banks and other foreigners
Payable in dollars
Payable in dollars
End of
calendar
year
or month
Total
foreigi
coun
tries
Deposits
Demand
Time
2/
U.S.
Treasury
bills anc
certifi
cates
Other
short
term
liabili
ties 2/
Payable
in
foreign
cur
rencies
Other foreigners
Deposits
Demand
Time
2/
195 7
195 8
1959....,
1960.
1961 2/.,
13,6a
14,615
16,231
17,260
il8,699
\18,781
1962 2/.,
196 3
1964 2/..
196 5
1966 2/.
1967 2/.
1968___
26,343
26*219
1
29,370
29,232
1969 2/.
30,234
1970 2/.
138,631
138,786
1971 2/ 1/. M0,499
Uo,541
1972....
/53,632
1973....
\53>61
1974 2/.
59,284
67,119
1975...
J91,676
197%....
\91,600
1975-Dec.
89.057
103.303
1976-Jan.
Feb.
89.057
Mar.
90,177
Apr.
93,593
May.
90,086
June
96,486
July
98,503
Aug.
93,290
Sept
96,149
Oct.
Nov. p 95,315
Dec. p 95,742
97,356
97,018
103.303
1/
2/
2/
4/
4,246
612
3,059
4,392
762
3,511
5,738
582
2,834
3,038
982
6,193
3.389
6,412 1,092
6^412 1,092
3.389
3,2£1
3^234
1,402
2,451
7,548 1,036
2,820
1.591
7.554 1.259
2,816
1.591
7.554 1.259
2,862
7,186 1,483
1,535
1,679
1,361
m
1,360
1^679
2,462
7,985 1,380
2.054
2,458
7,935 1,378
2.054
5,486 1,321
2,149
1,899
1,918
2,951
3.844 2,139
1,930
2,942
3.844 2,158
1,652
2.554 13.367 1,612
1,652
2.554 13.367 1,612
1,620
2,504 32,311 3,086
1,3274/ 2,0394/ 32,311 3,177
2,880 31,453 3,905
1.591
2,125
3,911 31,511 6,248
34.656 11,066
2,951
2*951
34.656 11,173
3.423 34.182 9.264
2.644
2.334 37.668 10,062
3.393
3.423 34,132 9.264
2.644
2,445
3,291 35,645 8,106
2,908 36,761 8,066
2,695
2.671
2,630 34,989 9,207
2,782
2,330 36.183 9,241
2,400 36,846 9,543
2,799
2,632
2,395 35,519 9,468
2,932
2,251 36,016 9,275
2,330
2,207 36,974 9,688
2,144 35,653 9,317
2,127 35,241 3,943
2.672
2,130 34,674 9,740
3.393
2.334 37.668 10,062
M
2,737
3,017
3,369
4,210
46
46
4,854
4,917
673
678
m
30
4,102
5,006
5,027
4.941
517
517
152
152
463
%’
Ml
7.933
7,763
10,374
202
16,745
16,756
202
12,376
148
148
12,385
7,047
158
165 1/ 3,399A
4,658
171
127 6/ 6.941
8,248
127
127
8,231
7.534
9,082
7.534
6,809
7,418
7,248
7,883
7,737
8,100
7,992
7.934
8,233
8,361
8,946
9,082
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
838
967
967
900
Other
U.S.
short
Treasury term
bills and liabili
certifi ties 2/
cates
158
518
312
131
492
740
76
419
402
43
420
43
33
83
68
704
142
1,039
1,077
142
1,406
113
m
1,142
1,142
1,273
1,988
1,999
1,326
129
129
30
20
20
14
1,354
14
350
8
3202/
405
5
11
529
1.942
232
232
1,910
335
1.942
2,388
169
1.942
335
369
1,979
2,036
275
2,268
214
2,310
134
151
2,084
154
1,884
2,275
155
2,206
162
2,578
176
223
2,291
2,001
174
2,388
169
j>/
6/
p
Deposits
Demand
Tine
2/
1,766
1,951
1,833
1,349
1.976
1.977
§:
1,493
1,523
1 J531
1,574
966
1,257
1*271
1,594
1.693
1.693
1,797
2,052
2,054
2,199
1,811
1,935
U.S.
Treasury
bills and
certifi
cates
278
306
295
148
149
149
116
116
119
72
72
87
24,102
25,656
21,806
23,654
21,865
22,909
25,303
23,631
24.953
Payable
in
foreign
cur
rencies
230
59
59
77
113
104
104
352
352
469
502
503
332
104
118
90
59
209
174
270
233
230
III
m
1,927
1,973
2,621
4,658
4,644
3,202
3,197
2,130
6,9954 /
9,272
9,743
19,254
19,094
19.155
24.953
19.155
21,168
22,737
20,175
Other
short
term
liabili
ties 2/
1,709
1,711
1,688
1*688
1,660
1,660
1,955
2,143
2.729
2.729
3.248
4.024
3.248
2,904
3,120
3,044
3,439
3,219
3,146
3,307
3,505
3,686
3,335
3,942
4.024
1,886
lj895
1,663
1,666
2,116
2,359
3,796
3,744
4,335
6.442
4,835
4,996
5,116
5,261
5,407
5,431
5,539
5,541
5,632
5,771
5,965
6,424
6.442
81
81
302
292
86
362
107
107
131
131
96
96
65
312
312
68
933
1,502
1 J664
1.604
1,364
1.604
1,588
1,532
1.538
1,551
1.538
1,626
1,751
1,747
1,759
1,824
1,700
1,864
277
277
342
205
342
277
293
276
361
372
335
333
353
259
274
209
205
274
271
481
77
77
173
226
226
223
228
325
469
639
639
549
718
549
600
642
567
763
727
687
667
661
697
762
776
718
deposits are included in "Other short-term liabilities"; certain
accounts previously classified as "official institutions" are in
cluded with " banks"; and a number or reporting banks are included in
the series for the first time.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
Preliminary.
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability-Continued
Part B - International and Regional Organizations
_____ (In millions of dollars’
)_____________________________
Nonmonetary international and regional organizations 2/
End of
calendar year
or month
195 7
195 8
195 9
196 0
1961.....
1962 5/__
196
196
196
196
3
4
5
6
1967 5/__
196 8
1969 5/....
197 0
197 1
197 2
197 3
1974 5/....
197 5
1976p....
1975-Dec...
1976-Jan...
Feb...
Mar...
Apr...
May...
June..
July..
Aug...
Sept..
Oct...
Nov. p
Dec. p
Total
international
and regional
742
752
1,031
1,442
1,317
2,050
2,084
1,547
1,618
1,479
1,381
1,287
1,273
1,483
1.413
1,221
1,772
1,767
1.413
1,955
3.171
3.171
5.293
5.391
5.293
4,934
4,521
4,769
5,518
5,513
5,365
5,671
5,649
5,966
5,102
5,506)
5.391
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
200
200
500
691 U
613 U
800
800
739 4/
800
800
800
800
800
800
800
400
400
400
1/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund
to the United States to acquire income-earning assets. Upon termintion of investment, the same quantity of gold was reacquired by the
International Monetary Fund.
7 j Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for International Settlements and European Fund. Includes differences between
cost value and face amount of securities in IMG gold investment
account ($14 million at end 1971).
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
Deposits
Time
50
209
76
219
354
540
568
U.S. Treasury
bills and
certificates
70
66
42
56
67
67
68
62
69
73
73
86
101
139
139
139
290
384
207
200
139
124
120
113
83
159
192
192
202
83
111
111
148
206
490
343
449
532
294
572
572,
215
231
170
212
178
178
394
244
211
211
211
326
296
497
497
2.554
2,701
139
114
118
130
140
91
258
483
379
331
256
287
290
148
217
162
192
193
185
160
192
148
151
164
199
206
2.554
2,498
2,435
2,495
2,739
2,876
2,236
3,129
3,475
4,031
3,196
3,604
2,701
Other
short-term
liabilities 6/
55
138
145
138
314
266
173
118
107
108
224
381
896
892
800
1,474
2.424
2.424
2.451 6/
2.194 6/
2.451 6/
2,104 6/
1,805 6/
1,952 6/
2,447
2,361 6/
2,711 £/
1,868 6/
1,649 £/
1,453 6/
1,486 6/
1,416 6/
2.194 6/
In addition, IMF gold investment included investments in U.S. Gov
ernment bonds and notes which amounted to $109 million at end i960,
$187 million at end 1961, and $61 million at end 1963.
1/ Data on the two lines 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.
6/ Includes liabilities payable in foreign currencies as follows
(in millions of dollars):
1975-De c
8
1976-Ja n
8
Feb... 12
Mar.... 5
Apr.... 5
May....5
June... 5
July... 6
Aug.... 8
Sept... 4
Oct....4
Nov.... 4
Dec.... 4
p Preliminary.
* Lee» thin $500,000,
93
February 197 7
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
1976
Calendar year
Country
Europe:
Austria.......... .
Belgium-Luxembourg...,
Denmark..........
Finland..........
France...........
Germany..........
Greece...........
Italy...........
Netherlands.......
Norway...........
Portugal.........
Spain...........
Sweden...........
Switzerland.......
Turkey...........
United Kingdom.....
Yugoslavia........
Other Western Europe.
U.S.S.R..........
Other Eastern Europe.
Total Europe......
Canada............
Latin America:
Argentina.
Brazil...
Chile....
Colombia.
Cuba...
Mexico...
Peru....................
Uruguay..................
Venezuela................
Other Latin American Republics.
Netherlands Antilles 2/.....
Other Latin America........
Total Latin America........
Asia:
China, People's Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong..............
India.................
Indonesia..............
Israel................
Japan.................
Korea.................
Philippines............
Thailand...............
Other Asia:
Middle East oil-exporting
countries 2/ .........
Other countries........
Total other Asia.......
Total Asia.
Africa:
Egypt..................
Morocco................
South Africa............
Zaire..................
Other Africa:
Oil-exporting countries i j .
Other countries........
Total other Africa......
Total Africa.
Other countries:
Australia....
All other....
Total other countries....
Total foreign countries.....
International and regional
International...........
European regional........
Latin American regional...
Asian regional..........
African regional........
Total international and regional
Grand total............
2/
1973
1975
1974 1/
161
1.483
659
165
3.483
13,227
389
1,404
2,886
965
534
305
1,885
3,377
98
6,148
86
3,352
22
110
40,742
607
2,506
369
266
4,287
9,420
248
2,617
3,234
607
2,506
369
266
4,287
9,429
248
2,577
3,234
1,040
1,040
310
382
1,138
9,986
152
7,559
183
4,073
82
206
48,668
3,627
July
Sept.
Aug.
412
335
1,946
317
415
Oct.
Nov. p
Dec. p
334
1,879
372
407
4,409
6,532
405
1,583
2,534
690
177
506
1,295
8,332
74
7,953
131
2,089
80
184
M67
4,033
332
2,085
416
378
4,642
5,418
378
2,884
2,694
740
206
478
1,420
8,846
88
147
2,628
84
204
42.586
3,944
348
2,268
373
419
4,875
5,964
403
3,206
2,813
785
239
565
1,693
9,473
166
10,004
188
2,681
51
. - 25jL
-46,762,
4,748
1,293
2,685
1,168
315
922
6
2,860
1,188
243
238
3,009
1,740
157
1,860
17,684
1,535
2,789
1,431
336
1,016
6
2,838
1,140
256
245
3,072
2,035
161
2,147
19,005
47
977
889
14,664
366
582
223
59
1,022
858
910
314
325
14,736
324
606
244
8,109
1,403
9,512
28,911
28.465
310
382
1,138
10,139
152
7,584
183
4,073
82
206
48,813
754
2,898
332
391
7,733
4,357
284
1,072
3,4H
996
195
426
2,286
8,514
118
6,886
126
2,970
40
__ 200
43,988
589
1,977
322
446
4,408
4,961
361
2,263
2,184
898
250
416
2,384
9,551
80
6,289
128
2,150
35
209
39,899
2,l3o
34
215
38,990
3,517
3,520
3„076
.3,995
3,790
924
852
860
158
247
7
1,296
282
135
120
1,468
884
71
359
7,664
1,448
1,034
276
305
7
1,770
488
272
147
3,413
1,316
158
519
12,038
886
1,054
1,034
276
305
7
1,770
510
272
165
3,413
1,316
158
589
11,754
1,147
1,827
1,227
317
417
6
2,078
1,099
244
172
3,289
1,494
129
1,507
14,954
1,407
4,838
1,308
301
762
6
2,110
1,050
235
219
2,747
1,790
135
2,057
18,964
1,510
3,006
1,200
303
772
7
2,301
1,387
239
226
3,092
1,703
149
1,723
17,619
1,437
2,628 I
1,132
325
767
6
2,348
912
236
244
3,208
1,750
147
2,34*
17,490
38
757
372
85
133
327
6,967
195
515
247
50
818
530
261
1,221
386
10,897
384
747
333
50
818
530
261
1,221
389
10,931
384
747
333
123
1,025
623
126
369
386
10,218
390
698
252
42
1,070
788
938
1,122
298
13,631
346
636
244
45
1,131
842
1,047
1,002
324
14,194
369
653
249
45
1,122
874
985
995
300
14,424
350
622
215
648
554
1,202
4,633
813
5,446
4,623
845
5,468
6,461
867
7,328
7,286*
1,122
8,408
7,198
1,276
8,474
10,839
21,073
21,130
21,539
27,522
8,127
1,376
9,503
29,360
28,406
7,741
1,540
9,281
29,745
35
11
114
87
103
38
130
84
103
38
130
84
343
68
169
63
236
60
123
45
200
107
164
36
186
80
165
37
213
85
183
45
171
72
132
64
333
88
143
35
521
287
2,814
383
3,197
3,551
2,239
492
2,731
3,373
2,443
567
3,010
3,473
2,368
593
2,961
3,469
2,075
533
2,608
3,076
1,732
524
2,256
2,782
I#321
537
1,858
1,056
2,814
383
3,197
3,551
2.296
1,113
587
1,700
2,299
3,131
59
3,190
67,119
2,742
___89_
2,831
91,676
2,742
89
2,831
91,600
2,014
114
2,128
2,185
111
2,296
1,964
122
1,711
114
1,824
1,645
119
1,763
1,486
112
1,598
1,911
108
2,019
89,057
96,149
95,315
95,742
97.356
1,627
7
272
50
2,900
25
202
43
1
5,064
7
187
1,955
2,900
25
202
43
1
3,171
3,171
5,293
5,383
5
176
81
25
5,671
5,285
10
168
162
24
5,649
5,613
12
154
162
24
5,966
69,074
94,847
94,771
94,350
101,820
100,964
101,708
Data in the two columns for this date differ because of .cJS&nges
in reporting coverage. Figures in the first column are comparable
in coverage to those shown for the preceding date; figures in the
second column are comparable to those shown for the following date.
Through December 31, 1975, Surinam included with Netherlands Antilles.
34
1
2/
4/
p
*
1,976
440
435
4,214
4,738
z ,m .
2,189
684
257
419
2,227
9,250
100
6,139
142
4,355
5,964
337
1,574
2,565
789
193
540
1,979
9,016
65
7,292
128
2,103
70
182
40.165
4,780
1,374
4,817
1,323
298
804
6
2,475
866
247
233
2,644
1,676
160
2,142
19,065
48
1,182
887
1,048
1,154
310
4,717
8
182
170
___24_
102,458
8,516
648
339
385
14,378
436
635
274
8,041
1,416
9,457
103,303
5,109
28
160
I84
23
5,506
5,055
22
102,523
108,694
26
5,391
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
Treasury Bulletin
94
__________________________ CAPITAL MOVEMENTS________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of December 31, 1976
Preliminary
(Position in millions of dollars)
Country
Eurone:
Austria................ .
Belgium-Luxembourg............
Denmark...... ............
Greece.....................
Italy......................
Netherlands.................
Norway........ ............
Portugal...................
Spain......................
Sweden........ ............
Turkey....... ..............
Yugoslavia......... .........
Other Western Europe....... .
Other Eastern Europe..........
Total Europe................
Canada......................
Latin America:
Argentina..................
Bahamas......... ...........
Brazil.....................
Chile......................
Colombia...................
Cuba......................
Mexico.....................
Panama....... ..............
Peru......................
Uruguay....................
Venezuela..................
Other Latin American Republics....
Netherlands Antilles..........
Other Latin America...........
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan).....
Hong Kong..................
India......................
Indonesia............. .
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand........... ........
Other Asia...................
Total Asia...... ...........
Africa:
Egypt......................
Morocco... ....... .........
South Africa..... ...........
Zaire......................
Other Africa................
Total Africa................
Other countries:
Australia............. *....
All other...................
Total other countries.........
Total foreign countries.........
International and regional:
International...............
European regional............
Latin American regional........
Asian regional...............
African regional.............
Total international and regional..
Grand total...................
Total
short
term
liabilities
348
2,268
373
419
4,875
5,964
403
3,206
2,813
785
239
565
1,693
9,473
166
10,004
188
2,681
51
254
46,767
4,74^ ’
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
Total
U.S.
Treasury
Deposits 1/ bills anti
certif
icates
4,735
5,734
345
3,057
2,664
737
177
399
1,671
8,581
160
9,140
184
2,659
51
228
43,633
3,983
68
348
120
108
823
821
187
741
393
233
157
324
261
1,435
157
1,460
137
654
45
166
8,635
321
157
1,117
215
2,998
4,621
60
1,638
1,961
482
2
*
1,152
2,679
594
13
246
1
17,936
1,504
256
245
3,072
2,035
161
2,147
19,005
648
2,514
1,225
147
729
1
774
518
116
67
1,923
1,136
58
1,761
11,617
195
201
568
133
177
1
354
57
106
45
719
577
23
637
3,793
57
7
5
_
231
_
*
8
_
395
133
1
3
841
47
977
889
648
339
385
14,378
436
635
274
9,457
28,465
40
796
455
619
324
347
14,167
420
507
242
8,854
26,772
28
419
137
67
70
233
754
224
274
66
980
3,252
333
88
143
35
1,700
2,299
325
84
118
30
1,540
2,098
141
84
88
22
647
982
1,911
108
2,019
1,856
91
1,946
178
36
214
1,567
27
1,593
103,303
90,049
17.197
37.837
1,535
2,789
1,431
336
1,016
6
2,838
1,140
334
2,032
344
401
5,055
22
133
155
26
5,391
5,046
22
129
155
25
5,377
374
22
77
10
2
485
108,694
95,426
17,682
Other 3/
Total
109
566
10
293
915
292
98
679
12
109
22
12
132
197
57
124
310
140
23
18
75
258
4,467
3
7,086
33
1,759
6
61
17,061
2,158
U.S.
Treasury
Deposits 3/ bills and Other 1/
certif
icates
*
6
*
_
2
12
*
9
7
2
*
*
*
33
*
46
•*
_
*
22
2
*
4
30
*
10
13
2
26
14
3
262
*
2
127
7
6
8
32
*
24
9
3
1
5
1
19
402
1
2
*
2
795
ioiT
108
_
*
_
19
373
155
5
20
9
3
2
_
134
245
9
30
13
62
17
62
612
6
73
*
*
*
_
1
*
•*
*
3
*
*
58
142
_
4
*
*
_
_
*
* 2/
5
_
5
9
6
*
2
76
3
14
*
219
334
*
*
1
10
_
*
24
_
•*
_
* 2/
*
1
_
*
_
20
21
*
2
_
*
1
1
2
7
1
8
1.864
718
_
_
_
4
1
45
62
160
20
873
6
756
5
22
1
7
2,762
609
12
80
19
11
126
155
57
106
120
41
36
146
18
578
6
308
3
20
1
5
1,848
472
118
36
396
2,306
652
14
321
*
419
453
11
21
810
426
34
1,122
6,984
880
202
206
189
287
5
2,062
622
139
178
1,146
900
103
328
7,246
875
180
196
186
285
5
1,921
360
130
148
1,131
838
79
255
6,589
*
2
*
*
*
_
7
18
_
_
2
*
7
10
45
258
77
451
96
4
9,710
89
1
146
4,293 2/
15,124
12
118
241
100
157
110
3,704
108
233
30
3,582
8,396
7
181
433
20
16
38
187
16
128
32
601
1,656
7
175
420
14
16
36
110
13
114
31
382
1,317
2
19
6
811 2/
839
182
1
10
1
82
276
8
3
23
6
160
199
7
3
23
6
178
111
28
139
49
16
65
48
15
63
-
-
J5,01,S«
2,665
_
8
5
23 _
2,701
40,538
2,007
_
44
139
2& 22L .
140
10.467_
Short-term
liabilities
payable
in
foreign
currencies
-
*
*
*
205..
_
_
2,190
9
*
1
*
1
10
9
*
1
*
1
10
-
7 37,205
12,546
10,477
205
_
_
_
*
■*
2
37
3
_
_
_
_
5
1,864
722
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
Z/ U.S. Treasury bills and certificates held in custody for the account of oil-exporting countries in "Other Asia" amd "Other Africa" amounted to
$4,589 million.
*
Less than $500,000.
February 1977
95
------------ --------------------------------------- CAPITAL MOVEMENTS_________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Calendar year
Country
1971
1972
1973
1974
Apr.
1975
Dec.
1975
Apr.
1976
Other Western Europe •
2
11
16
5
6
3
9
17
3
4
19
8
62
4
8
7
21
29
10
4
17
20
29
8
31
6
33
75
6
8
n.a.
n.a.
39
7
6
4
14
2
2
5
20
6
5
10
2
6
5
36
8
16
18
2
7
12
33
17
36
34
3
36
14
55
25
13
11
2
18
11
42
14
19
32
2
17
13
66
44
13
10
n.a.
3
10
65
28
55
62
87
92
114
121
76
132
8
27
58
41
61
22
1/
20
68
86
118
92
90
156
6
21
56
39
99
29
1/
17
96
118
128
122
129
219
22
35
88
69
127
46
1/
107
93
120
214
157
144
255
22
34
92
62
125
38
110
124
169
120
171
260
45
38
99
41
133
43
1/
131
104
69
149
n.a.
128
177
36
33
69
49
89
43
12
n.a.
124
4
36
2
244
4
109
3
116
7
375
3
100
8
610
8
170
9
1,304
5
n.a.
4
n.a.
5
10
5
2
3
46
23
16
33
35
4
159
3
25
72
2
3
4
2
55
54
11
59
77
5
135
1
22
9
12
2
6
3
62
53
16
105
141
13
88
1
18
21
65
4
22
3
119
63
25
91
245
14
126
1
19
50
49
4
30
5
180
92
22
118
215
13
70
4
41
54
31
4
39
2
117
77
28
74
256
13
62
2
54
n.a.
34
n.a.
20
2
n.a.
105
34
89
n.a.
9
33
2
Zambia...............................
11
1
8
2
9
23
6
2
1
6
9
3
13
57
1
10
6
23
30
6
2
3
11
10
7
28
79
1
20
10
23
42
8
2
3
12
7
6
22
95
3
18
7
31
39
22
2
4
11
19
13
22
76
4
13
11
32
33
14
3
14
21
23
38
18
60
2
23
62
19
53
10
1
12
30
29
22
78
70
n.a.
n.a.
n.a.
37
61
16
1
17
18
33
n.a.
n.a.
Other Countries •
New Zealand...........................
U.S. Tru&L Territory of the Pacific Islands....
23
13
30
12
39
11
47
11
36
11
42
11
29
n.a.
Malta...............................
Other Eastern Europe ?
Other Latin American Republics:
Bolivia................. ..............
123
Ecuador..............................
Haiti...............................
Jamaica.............. ............ .
Trinidad and Tobago.....................
Other Latin America ;
57
78
117
6
18
42
19
50
17
1/
10
H
French West Indies and French Guiana.... .
Other Asia.
3
32
1
19
Burma...............................
Cambodia.............. ..............
21
±1
31
Other Africa :
Tanzania.............................
Tunisia..............................
Note:
Data represent a partial breakdown of the anoints shown for the
corresponding dates for the "Other" geographical categories in the
regular monthly series in the Treasury Bulletin.
1/ Surinam included with Netherlands Antilles through December 1975.
2/ Bermuda included with Bahamas prfor to December-1972^
2/ Bangladesh included with Pakistanprior to April 1972.
n.a. Not available.
96
Treasury Bulletin
_______________________ CAPITAL MOVEMENTS_______________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by Type
(Millions of dollars)
Payable in dollars
Sid of
calendar year
or month
Total
long-term
liabilities
1957.....................
1958.....................
1959.....................
1960.....................
1961.....................
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
•
1968.....................
1969.....................
1970.....................
1971.....................
•
1973.....................
1974-.....................
1975.....................
1976p....................
1975-Dec..................
1976-Jan..................
Feb..................
lifer..................
Apr........... .......
July.................
Aug.........................................................................
Sept...... ......
Oct.................
Nov. p........ .... .
1/
2/
Foreign countries
Other
foreigners
Internationa!;
and regional
Total 1/
Official
institutions
10
2
1
7
2
7
69
310
513
1,494
f 2,546
^ 2,560
3,166
2,490
1,703
902
f 1,000
^ 1,018
1,462
1,285
1,812
2,382
10
2
1
7
2
7
28
204
203
988
1,858
1,863
2,389
1,600
913
437
417
417
700
464
1,395
2,099
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
1,807
1,807
2,341
1,505
695
144
93
93
310
124
931
1,329
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
15
15
8
55
165
237
*238
238
291
261
364
573
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
35
40
40
40
53
56
87
87
100
79
100
196
42
106
311
506
689
698
777
889
789
446
562
580
761
822
415
259
1,812
1,935
1,919
2,132
2,147
2,134
2,255
2,308
2,254
2,218
2,315
2,310
2,382
1,395
1,627
1,631
1,949
1,948
1,997
2,065
2,072
2,003
1,998
1,962
1,978
2,099
931
1,027
1,050
1,342
1,382
1,429
1,490
1,479
1,402
1,386
1,314
1,313
1,329
364
477
473
492
435
431
434
450
452
453
479
500
573
100
123
107
115
131
137
141
143
149
159
170
165
196
415
306
286
182
197
135
189
235
246
214
333
308
259
!
-................. i
Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
Banks
-
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
—
1
1
20
21
21
-
_
2
24
2
2
2
2
2
2
1
1
5
5
20
24
24
coverage to those shown for the preceding' date; figures on the second
line are comparable to those shown for the following date.
n.a. Not available,
p Preliminary.
97
February 197 7
.CAPITAL MOVEMENTS,
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
1976
Calendar year
Country
1972
Europe:
*
12
*
France...................
Italy....................
United Kingdom.............
Other countries:
Australia...... ..... .
All other.................
Total other countries........
Total foreign countries..... .
International and regional:
International....... .
European regional........ .
Latin American regional.........
Asian regional.............
Total international and regional
Grand total....... .......... .
1974
*
9
*
5
15
*
-
-
1
1
165
159
*
1
146
2
1
*
*
*
*
1975
6
28
July
8
8
27
*
13
214
*
1
2
1
2
*
*
*
*
*
2
1
1
1
*
*
*
3
*
*
1
2
*
59
*
66
261
*
213
470
1
8
8
226
19
1
2
1
53
55
1
2
1
2
6
1
58
5
28
44
2
2
*
*
28
19
*
1
*
*
9
4
4
3
136
1
*
-
1
*
507
26
.5J8 ..
29
4
48
5
3
52
5
90
5
12
2
2
2
463
26
*
470
26
_
*
470
26
3
62
5
3
28
5
4
31
5
4
32
5
2
1
1
1
1
4
17
13
*
*
25
4
*
15
117
4
19
4
19
13
*
*
25
5
*
15
125
*
*
*
*
*
489
28
*
91
*
*
*
*
*
*
*
5
2
11
*
92
*
140
1
2
10
*
89
*
115
1
*
99
*
1
2
10
132
-
6
5
*
*
3
*
16
*
*
3
*
*
1
6
2
*
*
330
23
12
*
*
26
4
*
15
122
132
*
2
11
*
2
2
1
2
4
4
19
23
*
*
25
4
*
15
151
18
23
*
*
25
4
*
15
152
4
23
27
*
*
25
4
*
45
_
_
_
_
_
2
1
11
1
11
*
*
*
*
*
*
*
*
*
1
11
1
12
1
11
*
*
X
*
*
*
10
313
*
3
*
*
3
*
15
*
125
*
*
66
*
39
*
-
6
*
2
*
29
*
_
15
309
*
Dec. p
3
*
2
15
*
*
24
3
*
14
*
*
*
10
-
*
310
1
6
*
*
312
3
27
*
_
24
4
7
*
18
*
*
22
Nov. p
Oct.
27
*
13
311
*
*
*
*
*
*
*
9
*
Sept.
8
1
1
Aug.
27
*
13
307
*
*
*
*
*
5
*
63
*
10
U.S.S.R..................
Other Eastern Europe........
Total Europe............ .
Canada........... .... .
L.atin America:
Argentina........ ........
Bahamas 1/.... ...... .
Brazil.............. .....
Chile....................
Colombia..................
Cuba................... .
Mexico................ .
Panama................. .
Peru.....................
Uruguay...................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles 2/\ .........
Other Latin America.........
Total Latin America.........
Asia:
China, People's Republic of
(China Mainland)..... .....
China, Republic of (Taiwan)...
Hong Kong............. .
India.................. .
Indonesia..... ....... .
Israel... ..... ........ .
Japan........... ........
Korea....... .... ........
Philippines........ .....
Thailand... ..............
Other Asia:
Middle East oil-exporting
countries 2/ ........... \
Other countries.......... (
Total other Asia.... .... J
Total Asia............ .
Africa:
Egypt....................
Morocco...... .............
South Africa..... ..........
i
Zaire............... .
Other Africa:
Oil-exporting countries i j m...
Other countries...... .....
Total other Africa............ J
Total Africa............. .
1973
230
2
1
4
*
*
1
1
1
1
1
5
1
1
1
1
5
3
*
1
2
*
*
*
1
2
*
*
1
1
7
*
17
7
*
3
7
*
*
*
3
1
7
*
3
1
1
94
4
98
894
1,448
1,286
3
2
2
s
J
{
17
33
71
82
*
*
*
*
*
*
I
_
f
<
1
1,369
1,340
2
1
1
1,449
1,465
1*370
1,388
1,341
102
896
902
1,381
1,288
1,313
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
**
*
*
*
*
*
*
*
*
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
1
1
1
1
1
1
1
*
*
*
*
*
*
1,397
7
*
7
*
7
439
7
700
464
496
551
652
-
-
-
53
31
580
1,018
98
112
761
1,462
63
107
822
1,285
1/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
1,316
1,251
53
1,304
1,324
*
1
\
1,239
51
1.290
1
1
1
1
1
1
2
351
*
10
54
415
1,812
1
1
1
1
*
*
1
1
*
*
*
*
1
1
1
1
1
2,073
2,008
2,003
.. l.tf?
2,003
49
*
125
61
235
31
*
135
*
105
*
63
*
130
66
130
130
130
66
246
54
214
130
68
333
308
259
2,308
2,254
2,218
2,315
2,310
2,382
50
*
ij
Includes Algeria, Gabon, Libya, and Nigeria.
*
p
Less than $500,000.
Preliminary,
.1 ...
73
2,123
98
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar
year
or month
Total
short
term
claims
Total
Total
197 3
197 4
197 5
1976p ....
f15,471
[15,676
20,723
39,056
50.240
68.782
2,052
2.344
2,407
3,135
4,177
4,234
4,606
5.344
6,810
7,333
7.158
7,243
7,399
7,433
8.158
8,182
8,261
9,063
9^165
10,192
12,328
12^377
14,625
14,830
20,061
37,859
48.910
67.160
1975-Dec..,
1976-Jan...
Feb..,
Mar..,
Apr..,
May..,
June.,
July.
Aug..,
Sept..
Oct...
Nov.p,
Dec.p,
50.240
51,584
54,184
53,586
55,700
57,622
57,965
59,332
58,016
60,317
60,986
64,190
68.782
48.910
50,318
52,752
52,260
54,220
56,203
56,370
57,875
56,474
58,661
59,283
62,385
67.160
195
195
195
196
7
8
9
0
.
.
.
.
1961 1/....
.
196 2
1963.... .
19641/....
1965 1/...,
1966 1/...,
1967 1/...,
196 8
.
19691/.,..,
.
197 0
1971 1/ 2/,
1972 l/...
1/
2/
13,170
l13*272
930
1,268
1,309
1,297
1,646
1,660
1,953
1,915
2,652
2,773
2,968
2,970
3,139
3,141
3,137
3,150
3,165
3,281
3,278
3,051
Official
insti
tutions
242
401
Banks
386
439
498
524
699
709
953
955
1,374
1,403
1.566
1.567
1.739
1.739
1,603
1,616
1,697
1,946
1,943
1,720
5,674
5,671
7,660
11,296
13.247
18,300
351
290
329
329
359
186
223
221
271
271
256
256
306
306
247
262
262
119
223
231
163
163
284
381
614
1.494
2,975
2,970
4,538
7,337
7.705
11,002
13.247
13,464
14,270
13,617
14,525
15,815
15,190
15,597
15,266
14,914
16,221
16,342
18,300
614
697
754
765
766
1,011
820
737
1,016
793
1,060
1,424
1.494
7.705
8,126.
8,735
$;043
8,809
9,537
9,130
9,670
9,059
,9,003
10,015
9,615
11,002
Payable in foreign currencies
Collec
tions
out
standing
Other
for
for
account of
eigners reporting
banlcs and
domestic
customers
303
423
421
428
516
460
482
605
618
694
700
622
686
642
832
774
1,007
1,055
1,150
1,135
1,268
1,130
1,272
1,132
1.367
1,143
1,288
1.145
1,228
1,511
1,552
1,228
1,221
1,733
1,954
1.073
2,015
1.073
1,212
2,389
2,475
1,667
2*475
1*658
3,269
2,535
3,276
2,538
4,307
2,838
5,637
3,579
5.467
4.927
5.947
5.803
4.927
4,642
4,781
4,809
4,951
5,267
5,240
5,189
5,191
5,118
5.146
5,303
5.803
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 'sh<?wn for the preceding date; figures on the sec
ond line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
5.467
5,311
5,191
5.367
5,325
5,379
5,517
5.542
5,495
5,746
5,586
5,731
5.947
p
Accept
ances
made for
account
of for
eigners
Other
short
term
claims
699
656
582
1,233
1,837
1,874
1,967
2,214
2,600
2,621
2,501
2,508
2,450
2,540
3.013
3.013
2,854
3,169
3,202
3,985
3,204
3,226
4,160
11,237
11.147
12.371
11.147
11,058
11,006
11,156
11,310
11,323
11,541
11,451
11,144
11,213
11,461
11,422
12.371
Total
147
198
192
460
543
543
495
384
543
552
601
624
803
422
474
492
492
420
443
420
464
425
425
450
509
658
516
670
516
766
610
842
1,107
1*679 i/ 895
2,478
846
846
2,657
662
3,935
1,196
9,689
19.049
1.329
1,622
30.542
19.049
20,485
22.285
22,120
23,060
23,686
24,123
25.285
24,568
26,789
26,015
28,890
30.542
1.329
1,266
1,432
1,326
1,480
1,419
1,595
1,457
1,542
1,656
1,704
i;ao5
1,622
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
Foreign
government
obligations
and
commercial
and
finance
paper
Other
shbrtterm
claims
132
181
178
222
342
343
309
343
342
336
325
329
240
241
287
287
336
352
352
352
549
548
441
441
428
669
656
1,039
157
182
187
54
68
70
70
74
70
40
84
89
92
119
173
223
223
119
289
301
84
42
77
102
95
96
110
110
63
67
73
79
74
166
174
174
182
182
115
238
372
498
656
721
764
798
955 885
954
850
903
1,029
1,052
1,084
1,039
301
263
241
145
156
141
158
132
143
120
102
85
84
372
282
427
383
369
393
484
475
496
507
550
635
498
15
16
15
238
200
200
186
of the U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-tern claims"; and a number of reporting
banks are included in the series for the first time,
Preliminary.
February 1977
__________ 1_______________________________ CAPITAL MOVEMENTS________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1976
Country
1972 1/
1973
1975
1974
July
Aug.
Sept.
Oct.
Nov. p
Dec. p
44
662
Europe:
Italy....................
11
21
147
48
108
384
46
621
673
589
64
345
348
119
8
120
8
120
59
118
330
59
118
330
321
321
29
255
108
69
19
207
156
125
29
255
108
69
19
207
164
125
6
6
10
849
997
1,459
22
20
22
20
10
41
49
2,911
1,897
41
49
3,067
1,914
379
476
649
52
379
519
649
52
15
352
49
128
1,471
436
49
370
122
311
35
316
133
72
23
222
153
176
46
131
6,255
2,776
1,100
929
414
1,203
7,577
12,381
86
22
22
25
46
44
3,970
1,955
176
4,718
38
27
103
108
8,987
2,817
71
16
249
167
237
180
335
15
2,580
133
432
70
644
251
74
53
302
97
374
81
5,435
45
42
69
147
10,003
3,027
300
20
196
68
24
472
50
24
562
68
617
266
78
57
239
143
442
77
5,167
40
50
53
125
9,487
3,050*
55
265
106
417
80
4,844
28
56
52
107
9,436
499
125
5,376
37
54
83
123
10,435
54
501
129
136
1,098
667
76
877
240
85
53
304
93
511
140
5,591
38
58
103
134
10,887
3,169
3,129
3,136
47
437
57
129
1,169
501
117
648
254
68
42
504
64
137
1,096
585
88
733
399
79
46
264
101
Latin America:
Chile....................
418
Venezuela.................
Other Latin American Republics..
Netherlands Antilles 2 / .... ..
Other Latin America.........
Total Latin America.........
Asia:
China, People's Republic of
China, Republic of (Taiwan)...
Indonesia.................
Japan...................
Korea....................
Philippines...............
Other Asia:
Middle East oil-exporting
countries i j ...........
Other countries..........
Total other Asia......... J
418
499
883
900
151
397
13
13
12
1,202
1,202
244
145
40
383
388
14
36
4,437
244
145
40
383
1,373
274
178
55
518
493
13
154
5,900
388
14
36
4,480
1
1
31
194
93
14
87
105
4,158
296
149
191
194
93
14
87
105
4,152
296
149
191
147
16
88
155
6,398
403
181
273
140
720
3,405
1,418
290
713
14
1,972
505
518
63
704
852
62
1,142
12,377
689
13
2,804
1,052
583
51
1,086
967
49
1,885
20,540
4
500
223
14
157
255
12,518
955
372
458
22
12
737
258
21
102
491
10,776
1,561
384
499
524
(
J
<
^
2,221
360
1,149
2,633
364
537
13
3,562
697
665
31
1,237
1,059
28
4,121
28,477
666
961
902
858
14,192
12,587
3,125
350
517
13
14,616
2,892
343
459
13
3,456
809
694
28
1,305
1,119
3,267
358
523
14
3,298
781
638
630
28
1,338
1,037
41
4,369
29,275
35
1,512
1,069
46
4,620
31,628
3,211
136
12,133
3,097
962
15,197
3,385
393
574
13
3,214
1,031
688
37
1,552
1,153
40
5,457
33,694
31
1,503
978
29
3,751
27,614
42
3,737
30,042
908
296
36
125
269
10,340
1,614
389
465
4
939
251
36
108
257
10,116
1,551
459
437
981
252
33
119
313
10,220
1,594
472
434
5
991
208
64
117
320
10,534
1,555
478
415
1,099
267
48
120
330
10,428
1 577
*495
414
836
838
1,674
721
553
1,274
765
647
1,412
1,082
653
1,735
1,312
330
441
771
1,208
780
665
1,445
684
1,149
11,532
2,773
352
501
13
3,559
778
86
141
1,447
563
79
928
307
85
65
431
267
472
158
6,064
45
56
97
1,112
4
3
3
996
361
41
76
554
10,992
1,720
560
418
731
2,043
300
300
392
5,589
5,584
8,224
16,226
16,057
15,898
15,832
15,695
16,099
16,515
17,763
21
4
143
21
4
143
13
35
5
129
61
111
18
329
98
101
9
545
34
117
18
698
24
115
15
695
24
114
17
691
23
106
8
772
14
109
14
748
25
133
13
767
29
115
184
299
855
231
308
539
1,228
185
269
454
1,310
268
278
546
1,395
176
312
488
1,332
215
267
482
1,382
213
284
49?
1,394
256
293
549
466
535
73
609
50,238
"" 1'
50,240
542
74
617
59,331
... 1 ■"
59,332
553
85
638
58,015
*
521
110
631
60,305~
12
60,317
558
103
661
60,98l”
5
60,986
502
123
625
64,184
6
Africa:
Other Africa:
Oil-exporting countries 5/....
Other countries-.........
Total other Africa........ J
TotaD Africa...............
Oj&er,countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
International,and regional.....
Grand total.................
124
304
118
299
291
40
330
15,468
3
15,471
291
40
330
15,674
3
15,676
158
388
/
j
<
^
243
43
286
20,723
.... 1.
99
565
39,055
*
20,723
39,056
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/
Through December 31, 1975, Surinam included with Netherlands Antilles.
U
58,016
6^,190
1,491
467
98
565
68,743
39
68,782
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
5/ Includes Algeria, Gabon, Libya, and Nigeria,
p Preliminary.
*
Less than $500,000.
Treasury Bulletin
100
fiAPTTAT. M O V F - M P . N T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of December 31, 1976
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Country
Europe:
Austria....... .
Belgium-Luxembourg... ......
TtenTna/r’
k’....... .
Finland................. .
France.... ............
Germany..................
Greece..................
Italy....................
Netherlands........ .......
Norway..................
Portugal....... ..........
Spain............. ......
Sweden................
Switzerland............ .
Turkey..... .............
United Kingdom..............
Yugoslavia........... .
Other Western Europe........
Total
short
term
claims
Foreign
banks and
Total official
insti
tutions
Total
Collections
outstanding
for account
of report
Other ingbanks
and domestic
customers
Short-term claims payable
in roreign currencies
Accept
ances
made for
account
of
foreign
ers
Other
Deposits of
reporting
banks
Total domestic
customers
with
foreigners
Foreign
government
obligations
and commer
cial and
finance
paper
Other
44
662
86
141
1,447
563
79
928
307
85
65
431
267
472
158
6,064
45
56
97
136
40
473
69
134
1,353
462
79
887
287
83
64
421
252
359
135
5,963
44
55
86
135
31
261
36
29
597
265
47
454
89
38
25
248
137
171
103
1,497
28
37
12
108
31
235
24
13
540
226
35
382
61
17
20
130
116
135
104
1,320
22
21
11
103
*
27
12
16
57
39
12
72
28
20
6
118
21
35
4
177
6
16
1
5
4
34
8
12
108
61
28
115
39
12
6
66
108
33
15
196
6
16
62
21
*
5
21
92
94
28
*
117
13
32
32
52
6
19
*
89
5
1
13
6
4
173
4
1
554
107
3
201
146
1
*
56
*
137
13
4,180
5
1
*
•*
4
189
17
7
94
101 ’
*
41
20
3
1
10
15
113
23
101
1
1
10
1
4
103
4
1
50
81
*
33
15
2
1
9
7
106
23
59
*
1
*
*
*
*
*
*
*
*
_
*■
*
*
_
_
*
*
_
*
_
_
_
-
*
86
13
6
44
21
*
8
4
*
*
*
9
7
*
42
*
*
10
•*
12,133
11,382
4,219
3,547
672
950
626^
5,588
751
498
*
252
3,097
2,790
761
320
441
56
147
1,827
307
165
81
61
Latin America:
962
Argentina...................
Bahamas
.... ....... 15,197
Brazil............ ..... . 3,385
Chile............ .......
393
ColomMa...... ...........
574
Cuba....................
13
Mexico......... ...... .
3,214
Panama..................
1,031
688
Peru........... ........
Uruguay..................
37
Venezuela...... .......... . 1,552
Other Latin American Republics. 1,153
40
Netherlands Antilles......
5,457
Other Latin America........ .
962
15,185
3,384
392
574
13
3,192
1,029
686
35
1,534
1,151
40
5,311
237
419
1,426
1,397
1,682
1,246
126
72
225
374
2,700
1,246
668
408
426
493
17
12
1,203
404
490
243
6
25
564
733 *
182
29
436
54
148
_
1,453
260
67
5
800
246
19
169
76
7
329
27
38
12
101
38
24
7
138
177
13
37
285
14
1,036
235
120
309
34
167
8
163
368
*
96
181
13,737
337
4
43
1
83
289
3
3
29
116
2
4,445
1
12
1
1
*
*
22
2
1
3
18
2
*
146
1
8
*
*
*
_
9
2
*
*
7
1
*
20
33,694
33,485
3,869
1,024
2,834
19,271
209
27
44
6
11
42'
84
66
37
12
139
*
53
116
9
11
18
2,936
21
28
64
316
843
SO
21
7
200
4,214
1,491
399
270
288
*
28
56
1
4
15
2,902
27
16
28
726
1
1
10
1
•*
1
300
*
*
*•
7
321
Other Eastern Europe........
Total Europe........ .
Canada................ ...
Total Latin America.........
Asia:
China, People’s Republic of
3
(China Mainland)... ...... .
996
China, Republic of (Taiwan)....
361
Hong Kong.......... ......
India...................
41
Indonesia............. .
76
Israel...... ............
554
Japan.................. .' 10,992
Korea...................
1,720
Philippines...............
560
Thailand..................
418
Other Asia........... ....
2,043
Total Asia................
Africa:
Sgypt...................
Morocco..................
South Africa.............. 1
Zaire...................
Other Africa..... ........
10,356
2
995
352
40
76 *
553
10,692
1,719
559
418 ■
2,036 ■
1
71
99
8
55
320
641
180
116
56
706 ,
6,486
1
44
54
3
27*1
557
114
79
44
567
17,763
17,441
2,252
1,785
467
3,573
7,813
3,804
133
13
767
29
549
124
12
756
29
548
58
4
258
13
255
54
4
74
12
151
4
*
183
*
104
4
6
70
1
150
60
3
425
15
120
3
*
3
23
1,470
587
296
292
231
623
29
9
1
11
*
1
21
'
2
*
4
1
*
*
*
12
*
1
1
11
1
*
124
49
3
157
1
*
4
1
*
1
296
*
*
*
5
_
_
*
*
1
6
■*
309
*
*
_
_
_
*
*
*
3
*
*
*
1
12
3
1
5
*
*
_
_
_
-
8
-
13
3
*
_
_
_
_
_
*
_
_
2
_
_
(
6
*
6
1
Total Africa......... ....
1,491
Other countries:
Australia........... ....
All other...............
467
98
456
62
96 < __ 23
14
10
48
14
77
37
306
22
10
14
11
2
8
2
_
*
Total other countries..... .
565
552
36
23
62
114
328
24
13
10
*
3
Total foreign countries.......
68,743
67,121
18,261
12,458
5,803
5,947
12,371
30,542 1,622
1,039
84
498
Infrernational and regional.....
39
39
39
39
*
_
_
_
_
68,782
67,160
18,300
12,497
5,803
5,947
30,542 1,622
1,039
84
Grand total.........
*
Less than $500,000.
*
12,371
498
February 197 7
101
___________________ _CAPITAL
MnVBMff.KTfi
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
Loans
Total
Total
1957..................
1958..................
1959..................
1960..................
1961..... ............
1962..................
1963-May 1/............
f
\
1963 1/...............
J
[
1964 1/...............
/
^
1965........... ......
1966..................
1967..................
1968..................
1969..................
1970........ .........
1971........ .........
1972 1/.. .............
1973..................
1974....... ...........
1975..................
1976 p ................
1975-Dec...............
1976-Jan...............
Feb...............
Mar,..............
Apr............. .
May...............
June........ *....
July..............
Aug...............
Sept...............
Oct...............
f
^
Official
institutions
Banks
Other
foreigners
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,314
3,694
4,231
5,374
6,273
5,374
5,430
5,460
5,592
5,611
5,692
5,626
5,667
6,014
6,176
6,209
6,272
6,273
1,174
1,362
1,545
1,698
2,034
2,160
2,293
2,379
2,837
3,030
3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
4,954
5,063
5,996
7,179
9,540
11,666
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,379
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
4,914
5,023
5,924
7,099
9,423
11,511
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,260
2,346
2,781
2,811
3,777
3,995
'4,211
3,915
3,635
3,158
2,806
2,698
3,345
4,539
'4,588
1 5,446
6,490
8,489
9,906
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
703
716
793
702
669
528
502
504
575
833
844
1,160
1,328
1,375
1,452
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
591
931
1,740
2,181
9,540
9,463
9,566
9,831
10,013
10,266
10,216
10,386
10,960
11,205
11,345
11,613
11,666
9,423
9,345
9,418
9,683
9,897
10,151
10,094
10,253
10,827
11,064
11,206
11,460
11,511
8,489
, 8,400
, 8,407
8,672
8,816
9,018
8,957
9,098
9,603
9,552
9,670
9;831
9,906
1,375
1,299
1,268
1,316
1,337
1,381
1,370
1,346
1,369
1,337
1,346
1,396
1,452
1,740
1,671
1,678
1,763
1,867
1,945
1,961
2,085
2,220
2,039
2,115
2,163
2,181
l/ 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.
n.a. Not available,
p
Preliminary,
*
Less than $500,000.
Other
long-term
claims
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33
33
54
217
195
288
297
247
274
394
426
352
300
375
435
478
609
934
1,605
934
945
1,012
1,011
1,081
1,133
1,138
1,155
1,224
1,512
1,536
1,629
1,605
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
2
2
*
1
9
18
15
16
18
25
22
40
40
72
80
116
156
116
118
148
149
116
115
121
133
133
142
139
154
156
102
Treasury Bulletin
____________________________________________CAPITAL MOVEMENTS.____________________________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
IS>72 1/
1976
July
Aug.
1973
1974
1975
Sept.
*
18
11
18
146
100
45
49
11
19
28
106
40
5
9
150
48
6
_
43
853
406
3
22
29
22
174
106
89
61
20
47
8
113
28
3
39
148
72
5
129
154
1,271
490
23
13
50
25
191
94
198
96
33
61
8
122
30
8
83
329
110
23
178
233
1,908
501
23
17
60
53
175
71
241
91
48
66
15
187
38
7
88
621
174
51
304
379
2,708
555
22
17
77
51
212
105
190
86
38
55
16
225
47
6
92
781
184
28
267
372
1 2,871
575
21
10
62
55
206
100
183
105
38
58
30
307
44
7
93
781
243
22
354
375
3,093
592
22
11
63
55
203
101
185
110
39
55
29
305
43
11
101
811
201
35
357
396
3,133
623
23
18
62
60
194
108
189
116
39
50
24
311
42
7
96
818
202
34
384
414
3,191
570
24
9
61
58
201
124
185
109
38
49
24
342
41
7
78
876
212
32
376
440
3,287
590
23
11
65
67
203
107
201
109
46
44
24
343
42
7
75
839
193
45
390
407
3,239
586
154
19
583
174
108
*
390
57
71
10
270
167
7
10
2,020
142
19
662
136
87
1
464
62
62
6
298
136
6
37
2,116
163
25
840
156
64
1
701
77
110
2
244
202
13
17
2,614
176
43
1,166
134
63
1
983
92
224
6
250
264
28
39
3,468
193
161
1,299
151
1
83
!
*
1,187
110
223
6
236
305
95
54
4,103
201
160
1,404
210
80
*
1,244
127
230
6
231
343
95
54
4,383
222
161
1,491
211
76
*
1,249
127
228
5
245
355
98
52
4,519
218
157
1,487
207
74
*
1,295
118
232
6
261
354
97
58
4,565
201
155
1,524
213
85
*
1,385
118
224
6
271
357
90
65
4,694
225
156
1,514
201
94
*
1,411
118
244
7
283
365
101
74
4,793
_
49
13
73
23
149
353
96
171
17
62
90
33
54
29
230
251
103
169
18
35
194
47
43
71
246
258
103
135
19
2
318
37
37
144
231
296
230
150
21
2
324
43
34
119
208
337
250
162
21
2
330
34
126
203
355
247
171
22
2
336
52
34
125
199
370
246
171
22
10
335
55
32
149
187
381
254
182
22
*
341
54
35
143
201
368
276
171
20
2
345
54
30
139
206
391
255
161
20
384
82
466
1,619
220
109
329
1,795
183
128
311
1,810
187
111
298
1,835
171
129
300
1,856
171
121
292
1,900
141
135
276
1,885
146
138
284
1,886
14
1
74
39
22
*
150
148
16
*
186
76
14
1
189
84
11
11
205
86
5
15
212
83
11
15
227
77
10
15
236
83
62
176
238
151
276
427
212
252
464
226
256
482
236
252
488
259
265
524
264
276
540
366
747
742
771
800
839
269
288
557
888
123
40
163
7.171
7
7,179
172
63
235
9,508
31
9,540
183
62
245
10,345
41
10,386
177
62
239
10.912
169
64
233
11,164
41
11,205
168
70
238
11.302
■ 43
11,345
159
67
226
155
78
234
11.622
44
OctJ
Nov. p
Dec. p
Europe:
France....................
Germany..................
Italy....................
Norway................. .
Portugal..................
Spain....................
Sweden...................
Switzerland...............
Turkey.......... .........
United Kingdom....... .
Yugoslavia...............
Other Western Europe........
*
18
11
16
146
100
44
4-9
11
19
28
102
48
5
9
145
48
6
43
849
406
Other Eastern Europe........
Total Europe...............
Canada........... ..........
Latin America:
Argentina.................
150
Bahamas 2/........ .
19
Brazil...................
577
Chile....................
174
Colombia..................
108
Cuba.....................
*
Mexico...................
383
Panama........ ...... ....
57
Peru.................. .
71
Uruguay..................
10
Venezuela.................
264
Other Latin American Republics..
167
Netherlands Antilles 2/.......
7
Other Latin America.........
10
Total Latin America..........
1,996
Asia:
China, People’s Republic of
_
(China Mainland)...........
China, Republic of (Taiwan)...
49
Hong Kong..................
4
India.....................
73
Indonesia.................
23
Israel...................
147
Japan......... ...........
319
Korea................
79
Philippines...............
163
Thailand........... .......
17
Other Asia:
Middle East oil-exporting
'v
countries 4/............
Other countries..........
Total other Asia......... 1 326
1,200
Total Asia...... .......
Africa:
*•
Egypt....................
3
Morocco..................
70
South Africa...............
35
Zaire....................
Other Africa:
Oil-exporting countries 5/....
Other countries*..........
148
Total other Africa........ /
(
J
\
326
1,271
543
1,582
*
3
70
36
16
2
88
31
I
r
J
158
219
355
Total Africa...............
257
267
Other countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
International and regional.....
Grand total.................
227
16
243
4,950
4
4,954
227
16
243
5,059
4
5,063
154
23
177
,5,992 ,
4
5,996
<
^
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
.
ij
48
10,960
-li.srn
44
11,613
884
11,666
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
3/ Includes Algeria, Gabon, Libya, and Nigeria.
* Less than $500,000.
p Preliminary.
February 197 7
103
f!APITAT. M O V E M E N T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of December 31, 1976
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe:
Austria.........................
Belgium-Iaixembourg................
Denmark.........................
Finland.........................
France.........................
Germany.........................
Greece.........................
Italy..........................
Netherlands......................
Norway.........................
Portugal........................
Spain..........................
Sweden.........................
Switzerland......................
Turkey.........................
United Kingdom...................
Yugoslavia......................
Other Western Europe...............
Total
long-term
claims
Total
Loans
Other
Long-term
claims
payable in
foreign
currencies
1
2
1
12
25
6
1
15
7
5
6
1
*
1
15
496
27
1
1
6
2
*
7
1
2,585
628
26
416
111
59
225
156
1,514
201
94
*
1,411
118
243
7
279
365
101
60
193
145
1,436
95
90
*
1,303
106
231
6
266
342
97
55
32
11
78
107
4
108
11
12
1
13
23
4
5
-
*
4
14
4,793
4,774
4,365
409
19
2
345
54
30
139
206
391
255
161
20
284
2
345
54
30
139
202
391
252
161
20
281
2
214
47
30
131
196
369
153
136
18
244
131
8
*
8
6
22
99
25
2
37
4
3
*
3
Total Asia......................
1,886
1,876
1,538
338
10
Africa:
3gypt..........................
Morocco.........................
South Africa.....................
Zaire..........................
Other Africa.....................
10
15
236
83
540
10
15
199
83
538
6
15
139
83
513
4
*
60
1
25
37
23
8
65
67
203
100
200
109
43
44
24
342
41
7
67
838
192
45
390
406
22
7
64
55
178
93
199
93
37
39
18
340
41
6
52
342
165
45
389
Other Eastern Europe...............
23
11
65
67
203
107
201
109
46
44
24
343
42
7
75
839
193
45
390
407
Total Europe.....................
3,239
3,213
Canada...........................
586
527
225
156
1,514
201
94
*
1,411
118
244
7
283
365
101
74
Latin America:
Argentina........ ..............
Bahamas............. .......... .
Chile..........................
Colombia........................
Cuba....... ....................
Panama.............. ...........
Other Latin American Republics.......
Netherlands Antilles.............. .
Other Latin America...............
Total Latin America................
Asia:
China, People's Republic of (China
Mainland)......................
China, Republic of (Taiwan).........
Hong Kong.......................
India..........................
Indonesia.......................
Israel.........................
Japan..........................
Korea..........................
Philippines......................
Thailand........................
Other Asia......................
401
-
2
1
1
*
8
1
1
-
1
-
*
*
-
-
1
Total Africa.....................
884
846
755
90
39
Other countries:
Australia.......................
All other.......................
155
78
152
78
144
78
9
1
3
-
Total other countries..............
234
231
222
9
3
Total foreign countries..............
11,622
11,467
9,881
1,586
156
International.and.regional............
Grand total.......................
*
Less than $500,000.
44
44
25
19
-
11,666
11,511
9,906
1,605
156
Treasury Bulletin
104
______________ :_________________ CAPITAL MOVEMENTS_______________________________
Section m - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
1957........ ...... .
566
491
428
62
75
1958...............
499
440
368
71
60
1959...............
664
581
512
69
83
574
424
437
61
70 J)
89
73 "I
76 J
91
I960 2 j .............
1961-Mar. _2/.........
.Timft £/. ............
r
(
596
485
507
f
674
691
583
600
510
525
f
756
778
673
684
563
572
111
113
83
94
833
678
569
109
155
C
778
817
626
665
527
551
99
114
/
151
f
798
805
637
644
508
513
129
130 J
161
775
626
479
148
148
763
725
622
585
471
441
151
144 j1
140
807
700
556
144
^
1
Dec..... .......
1962-June 2/.........
Dec. 2/.... .......
{
<
1963...............
1964-June
£/.............
f
\
Dec.......... .
1965 2/....... ......
f
943 ^
I 958 j
1966........... .....
1967 £/.......... .
600
210
1,419
1,089
827
262
329
f 1,784
< 1,815
1,371
1,386
1,027
1,039
343
347
414
428
2,737
1,608
1,225
382
1,129
1,786
2,124
2,677
2,704
2,763
3,119
3,414r
4,002r
5,927r
6,037r
6,010r
6,326r
6,301
6,335
1,399
1,654
2,181
2,229
2,301
2,635
2,948
3,290
5,017
5,178
5,393r
5,659r
5,663
5,696
387
471
496
475
463
484
466r
713r
910r
860r
617r
667r
638
639
1,725
2,304
3,102
3,159
3,138
3,540
3,603
3,886
3,889
4,225
4,277
4,092r
3,960
3,705
f
1971 1/ .............
1972 2J.............
1973...............
1974-Dec............
1975-Sept............
Dec.... .
1976-Mar-............
June............
Sept .p.....
136
\ 147
&lo
1968.. .............
1969 2/.............
1970...............
107
f
3,511
\ 4,428
5,780
f 5,863
< 5,901
f 6,659
< 7,017r
^ 7,889r
9,816r
10,262r
10,287r
10,418r
10,261
10,040
Note:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases only the figure comparable to that for the following date is
shown!
1/ Data are shown for calendar year ends and for most recent five
quarter
for which figures are available. Data are also shown
for earlier quarter ends when the reporting coverage changed,
2/ Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date, p Preliminary.
r Revised.
105
February 1977
------------------------------------------------------------------ CAPITAL MOVEMENTS-_____________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
( Position at end of period in millions of dollars)
Calendar year
1975
1976
Country
1972 1/
1971
Europe:
Austria............. .....
Belgium-Luxembourg..........
Denmark..................
Finland..................
France...................
Germany..................
Greece....... ............
Italy....................
Netherlands.......... ......
Norway...................
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*•
4
1.611
181
Spain...... ..............
Sweden...... .............
Switzerland...............
Turkey...................
United Kingdom.............
Yugoslavia.................
Other Western Europe........
U.S.S.R..................
Other Eastern Europe........
Total Europe......... .....
Canada..... ..............
Latin America:
Argentina.................
18
Bahamas^/.......... .......
289
Brazil...................
22
Chil*....................
14
Colombia..................
7
*
Cuba..... ...............
Mexico................
22
Panama...................
5
Peru.....................
7
Uruguay............... . ..
2
Venezuela.................
16
Other Latin American Republics..
32
Netherlands Antilles2 / .....
3
Other Latin America.........
5
Total Latin America.........
442
Asia:
China, People's Republic of
1
(China Mainland)...........
18
China, Republic of (Taiwan)...
11
Hong Kong.............. .
India....................
26
Indonesia.................
10
Israel.... ..............
10
Japan............... ....
173
Korea........ ............
13
Philippines...............
5
Thailand.......... ........
3
Other Asia................
141
Total Asia............
412
Africa:
Egypt....................
1
Morocco..................
1
South Africa..............
31
Zaire....................
1
Other Africa..............
34
Total Africa..............
67
Other countries:
Australia.......... .......
42
8
All other.................
Total other countries........ ____ 50_
Total foreign countries........
2,763
International and regional
*
Crand Total................
2,763
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
*
3
1.830
209
2
88
7 4
150
I62r
15
103
108r
14
4
77
13
105
4
1,118
7
2
•*
3
l,986r ,
215
1973
1974
Sept.
Dec.
Mar.
June
Sept. p
3
139
9
7
140r
232r
40
98
125
9
13
75
48
102
10
951
16
3
9
25
2,053r
263
20
524
24
16
203r
313
39
124r
117r
9
19
56r
41
138
8
1,256
40
5
48
16
3,0l6r
307
18
341
8
14
150
276
21
154r
153r
13
13
74r
53
167
22
966r
60
5
31
7
2,548
299
14
299
9
14
149r
149r
19
172r
114r
20
4
81r
29
130
25
996r
76
8
20
11
2,338
295
6
296
12
10
205r
152r
25
124r
162r
23
3
68r
25
159
14
928r
91
6
23
10
2,342r
316
13
233
12
7
159
228
29
115
170
22
3
51
24
213
20
845
108
7
10
16
2,284
373
16
181
13
21
185
256
28
126
141
24
5
36
35
239
16
806
113
8
19
14
2,282
332
36
277
96
14
17
•*
82
24
23
3
100
71
35
138
914
41
376
91
11
16
*
92
17
24
2
163
71r
58
214
l,177r
42
330
90
15
19
*
72
14
26
3
184
95
55
130
1,073
41
251
53
16
11
*
74
11
28
3
222
100
68
129
1,007
6
97
17r
7
137
29
295r
69
14
18
1,031
l,719r
5
llOr
23r
9
137
23
307r
53r
18
18
995
l,699r
8
124
28
10
133
28
290
62
18
11
1,038
1,749
7
129
33
11
146
26
275
83
28
23
1,263
2,024
37
8
100
6
245r
395r
30
7
113
7
351r
508r
22
32
88
12
377
532
25
42
65
24
281
437
1
19
323
35
18
8
1
27
8
5
6
17
35
10
7
519
19
396
35
9
7
1
26
18
4
7
17
39
10
4
593
24
428
64
12
9
*
46
13
15
2
36
51
6
22
728
38
374
118
22
14
*
60
28
14
2
49
83
26
101
929
33
297
116
13
14
*
81
19
19
2
56
69
76
142
936
32
28
12
7
12
12
149
20
15
5
117
410
32
26
12
7
15
19
225
21
16
5
102
480
42
34
41
14
14
25
295r
37
17
6
183
708r
17
92r
19
7
60
50
347r
75
25
10
536
l,237r
2
101
29
22
104
45
277r
63
15
8
908
l,573r
25
3
7
1
56
92
25
3
8
1
59
96
10
15
14
19
110
168
3
14
43
18
115
193
34
8
79
9
212
341
30
14
44
3,414r
71
12
82
4,002r
56
30
86
5,769r
52
21
73
5,770r
55
17
73
5,734**
47
18
65
6,108r
32
12
44
6,056
50
18
67
6,149
*
3,414r
*
4,002r
158
5,927r
267
^ 03.
?r
276
6,010r
219
""67326r
246
6,301
186
6,335.
47
13
60
3,H9
*■
3,119
1/ Data in two columns shown for this date differ because of changes in
reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
* Less than $500,000.
p Preliminary.
r Revised.
Treasury Bulletin
106
________________________________ CAPITAL MOVEMENTS_____________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of September 30, 1976
Preliminary
(Position in millions of dollars)
Country
Total
Short-term
liabilities
Payable in
dollars
Payable in
foreign
currencies
Europe:
Belgium-Luxembourg..........
Denmark..................
Finland..................
Germany..................
Greece...................
Italy....................
Netherlands...............
Norway...................
Spain....................
Sweden...................
Switzerland...............
Turkey...................
United Kingdom.............
Yugoslavia................
Other Western Europe........
Other Eastern Europe........
Total Europe...............
Canada......................
Latin America:
Argentina.................
Bahamas..................
Brazil...................
Chilp....................
Colombia .................
Cuba....................
Mexico...................
Panama...................
Peru.....................
Uruguay..................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles........
Other Latin America.........
Total Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India....................
Indonesia.................
Israel...................
Japan....................
Korea....................
Philippines...............
Thailand..................
Other Asia................
Total Asia................
Africa:
Egypt....................
Morocco..................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Other countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
International and regional-- ....
Grand total.............. .
*
Less than $500,000.
16
181
13
21
185
256
28
126
141
24
5
36
35
239
16
806
113
8
19
14
2,282
332
14
105
12
21
174
213
27
104
131
23
5
25
30
180
14
727
112
6
19
13
1,954
190
3
76
1
*
11
42
1
21
10
1
*
12
5
59
3
79
*
3
*
1
328
142
41
251
53
16
11
*
74
11
28
3
222
100
68
129
1,007
40
226
51
16
11
*
71
10
26
3
218
95
68
128
963
1
24
1
*
*
*
3
1
1
*
4
5
*
2
44
7
129
33
11
146
26
275
83
28
23
1,263
2,024
7
129
24
10
143
25
215
83
28
22
1,234
1,919
1
9
1
3
1
59
*
•*
1
30
105
25
42
65
24
281
437
25
41
63
22
268
419
*
1
2
2
12
17
50
18
67
6,149
186
48
16
64
5,510
186
2
1
3
639
-
6,335
5,696
639
_
February 197 7
107
_______________________________ CAPITAL MOVEMENTS________________________________
Section III * Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
1975
Calendar year
1976
Country
1972 1/
1971
Europe:
1973
1974
Sept.
*
175
36
*
31
392
8
150
219
2
*
4
5
572
*
1,112
*
*
*
2,706
104
1
266
29
*
24
474
1
144
2l8r
1
*
5
30
572
*
1,256
*
1
9
*
11
252
29
*
51
466'
1
91
210r
1
*
5
30
525
*
1,543
*
*
15
*
64
2
213
38
*
55
361
20
152
207
•*
*
3
5
573
*
983
*
*
2,613
94
3,0333?
110
314
1
250
1
1
*
1
11
3
1
2
4
64
1
340
1
343
1
1
*
1
11
1
1
2
4
18
1
385
1
471
1
1
1
3
4
*
*
1
7
5
9
505
*
*
*
_
5
?9
*
1
*
1
47
*
*
1
*
6
481
■*
5
*
1
495
*
*
1
*
*
6
490
*
5
*
1
503
*
*
*
*
*
*
*
*
*
*
261
a
Netherlands...............
Portugal .................
Canada,,.T__ T..............
IStfn America:
Chile....................
Colombia..................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles 2J......
81
553
19
201
164
*
4
5
3
455
866
*
*
2,652
73
1
280
1
1
*
1
14
*
*
2
3
10
*
*
254
43
*
78
348
20
152
236
*
*
3
*
475
*
949
*
*
2,560
Dec.
June
Mar.
*
190
29
*
49
425
1
71
214
■*
*
6
32
448
*
1,520
*
1
20
*
3,007
10
175
27
*
50
446
1
77
214r
1
*
6
31
466
*
l,601r
*
1
20
*
3,231r
145
10
199 v
27
*
58
506
1
87
202r
1
*
5
31
505
*
1,629
*
1
19
•*
3,280r
164
1
177
3
1
1
3
7
*
*
1
7
7r
7
216r
1
242
3
1
1
3
3
*
*
1
6
16r
9
286r
1
210
4
1
1
3
3
*
*
2
6
29r
9
269r
1
184
5
1
1
6
4
*
*
2
7
27r
11
248r
*
*
1
*
*
8
512
*
6
*
2
531
*
*
1
*
*
3
367
*
6
*
82
460
*
*
1
*
*
3
401
*
7
*
83
495
*
1
1
*
*
4
397
*
7
*
87
496
*
1
1
*
*
4
394
*
8
*
88
495
*
*
6
*
*
4
1
6
*
*
*
*
*
*
*
_
2
2
•*
*
*
*
1
2
*
*
*
*
2
2
65
*
66
4,225
-
66
*
66
4,277
-
65
*
65
64
*
4,092r
-
4,225
4,277
4,092r
3,128r
153
175
1
157
5
1
1
6
4
*
*
2
7
27
11
222
Sept. p
10
150
26
*
39
406
1
75
270
*
*
6
38
308
*
1,441
*
*
20
*
2.790
121
1
132
5
1
1
7
3
*
*
2
7
27
45
230
Asia:
China, People's Republic of
China, Republic of (Taiwan)...
India....................
Indonesia.................
Korea....................
Other Asia................
Africa:
„
Egypt....................
South Africa..............
Zaire....................
-
-
-
-
Total Africa..............
Q*her countries:
Australia.................
All other..................
Total other countries........
Total foreign countries........
International and regional
7
7
6
6
6
6
1
8
45
*
45
3,138
-
74
•*
32
*
74
3,540
-
1
*
2
3,603
-
33
3,886
*
64
*
65
3,889
-
Grand total ................
3,138
3,540
3,603
3,886
3,889-
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
1
*
1
1
*
*
388
*
8
*
87
489
2
64
3,960
3,960
*
1
1
*
■*
4
402
*
8
*
82
498
*
*
*
*
1
2
64
*
64
3,705
-
3,705
i.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
* Less than $500,000.
p Preliminary.
r Revised.
Treasury Bulletin
108
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1, - Claims by Type
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
Payable in foreign currencies
Total claims
Total
u
947
1957..............
Payable in
dollars
777
637
Long-term
claims
Deposits with banks Other short-term
abroad in reporter’s claims payable in
own name
foreign currencies
78
63
170
1958..... ........
943
720
568
88
63
223
1959...... *......
1,009
705
605
68
32
304
I960 2/...........
f 1,775
^1,859
1,432
1,505
824
875
58
71
549
560
344
354
1961-Mar. 2/........
f 1,633
\ 1,701
1,248
1,305
939
968
76
89
233
248
385
396
June 2/..... .
f 1,895
1,496
1,528
1,181
1,208
122
126
193
194
399
406
Sept. Z/.......
f 2,099
\ 2,117
1,646
1,664
1,323
1,340
131
132
192^1
192 J
453
Dec............
2,138
1,636
1,335
150
151
502
1962-June Z/........
f 2,443
1 2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
f 2,809
\ 2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
/ 2,929
^2,979
2,113
2,162
1,712
1,758
201
204
200 1
200 j
816
June Z/........
f 3,0481
2,282
1,877
222
183
Dec. ZJ........
f 2,854
2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
1964-June Z/........
f 3,297
^3,245
2,482
2,430
2,000
1,952
220
219
262 ''I
260 j
815
Dec. Z/........
f 3,738
^3,934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
f 3,565
^ 3,438
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
3,884
2,628
2,225
167
236
1,256
2,529
2,599
201
203
216
209
1,537
1,570
1963-Mar. ZJ........
1965 Z/...........
\ 1,934
^3,164;
1966..............
2,946
3,011
f
^
766
882
1967 Z / ............
f 4,483
{ 4,581
1968..............
5,572
3,783
3,173
368
241
1,790
f 5,925
^ 6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
4,160
3,579
234
348
2,950
5,185
5,000
5,723
6,294r
8,471r
ll,266r
ll,655r
12,172r
12,733r
13,889
4,535
4,467
5,074
5,643
7,584
10,241r
'10 ,340r
ll,025r
ll,688r
12,895
12,173
318
289
411
393
493
473
529
565
483
501
505
333
244
238
258r
394r
551r
786r
581r
562r
3,118
3,068
3,370
3,666
4,057
4,544
4,557r
4,959r
5,152r
5,008
4,958
1970..............
1971 ZJ............
1972 2 j ...........
1973..............
1974-Dec.. ........
1975-Sept... .......
Dec *..........
1976-Mar...........
June....... .
Sept. p........
f
8,^03
^ 8,068
f 9,094
V 9,960r
12,529r
15,809r
16,211r
17,131r
17,886r
18,897
18,178
13,221
Nat©: Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown*
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
493
543
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
p Preliminary.
r Revised.
109
February 197 7
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1971
1972 1/
1976
1975
1973
1974
Sept.
Dec.
Mar.
June
Sept. p
Europe:
Belgium-Luxembourg..........
Finland... ...............
Greece.....
Norway........... .......
Portugal..... .... ...... .
Spain............. .......
Sweden............. .
Switzerland............ .
Turkey...................
United Kingdom.............
Yugoslavia................
Other Western Europe........
Other Eastern Europe... .....
Canada.....................
Latin America:
Argentina..... .... ...... .
Bahamas 2/•••••••••••...... .
Chil°....................
Colombia.,.... ............
Cuba.....................
Mexico...................
Peru... .... ..... .......
Uruguay...... ............
Venezuela..................
Other Latin American Republics..
Netherlands Antilles
.....
Other Latin America.........
Total Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.... ..........
India....................
Indonesia..................
Israel...................
Philippines...............
Thailand..................
Other Asia.......... ......
Africa:
Egypt....................
Morocco..................
South Africa..............
Total Africa..............
Other countries:
Australia.................
All other............... ..
Total other countries....... .
Total foreign countries........
International and regional......
Grand Total.............. .
14
60
15
18
202
192
34
186
68
13
16
124
40
63
9
947
13
13
14
13
2,052
777
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
23
19
2,309
54
366
148
46
45
1
151
21
34
5
81
99
9
24
1,084
59
520
175
33
41
1
180
19
40
4
89
91
12
23
1,289
1
41
23
35
28
22
405
68
48
15
144
830
*
67
24
33
33
31
456
63
49
15
201
972
9
2
41
6
97
155
7
3
53
5
73
140
80
17
98
4,996
4
5,000
94
20
114
5,723
1
5,723
899
19
73
29
25
209
190r
35
187
8lr
16
19
153
57
82
48
l,213r
12
12
23
19
2,502r
960r
17
106
46
44
278r
280r
51
23Or
108r
18
49
242
71
102
25
l,545r
36
15
77
27
3,368r
l,235r
26
128
42
120
428r
335r
65
395r
143r
36
81
367r
89
136
26
l,847r
22
21
91
50
4,450r
l,613r
55
662
170
25
39
1
181
85
36
4
92
95
13
42
1,500
1,840
67
594
468
106
54
1
308
13244
5
193
199
20
147
2,336
*
65
36
33
48
31
508r
67
59
15
201
l,065r
11
121
48r
37
56
38
943r
104r
73
19
239
l,689r
17
138r
62r
37
92
44
l,230r
201
97r
24
384
2,326r
6
4
52
8
90
160
9
3
62
18
124
216
15
7
101
227
374
83
23
107
97
25
123
116
49
165
6,294**
1
6,294r*
8,471r
*
8,471r
47
626
232
34
40
1
238
61
47
5
134
140
13
222
24
15
131
24
114
304**
3l6r
56
379r
135r
48
39
315
100
220
31
l,778r
24
19
101
69
4,2l8r
2,084r
16
133
39
91
293r
355r
33
380r
I67r
41
44
407r
62
242
27
l,905r
36
14
150r
70
4,504r
2,109r
17
116
35
36
358r
305 r
41
406 r
176 r
58
45
516r
80
207
26
2,289r
30
18
106
80
4,946r
2,244r
17
193
30
138
365
360
47
335
147
52
22
432
84
270
31
2,609
28
14
96
75
5,344
2,211
21
195
26
139
418
489
56
357
141
43
28
335
62
254
23
2,370
30
17
81
79
5,162
2,224
48
883
475
27
47
1
331
86
37
4
156r
171
7
292
39
924
417
26
66
1
352
84
35
22
215
180
9
445
2,814
58
667
409
36
49
1
362r
92
41
4
178r
160
12
301
2,369r
2,564r
43
1,150
462
46
57
1
332
103
39
4
186
185
10
437
3,055
126r
63
l,26Qr
205r
93
20
532
2,627r
65
164
llOr
39
143**
54
l,130r
263r
96r
22
549
2,634**
35
100
66 t
60
158 r
42
l,l6lr
105r
106
20
640
2,493r
23
215
104
51
166
53
1,169
127
114
19
691
2,729
11
136
83
53
196
48
1,008
143
93
22
625
2,418
15
10
78
22
249r
374**
22
10
93
28
26lr
414r
22
10
78
28
213 r
351 r
28
12
86
30
235
391
36
9
78
33
267
422
79
102r
39
141r
97r
36
133r
101
56
157
113
67
180
12,171r
12,732 r
1~
12,733r
13,888
1
13,889
13,220
1
13,221
54
686
389
39
48
1
323
103
50
5
158
I65r
12
192
2,224**
45
152
84r
48
r
1/ Data on the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
ll,265r
*
ll,266r
48
127
11,654**
*
ll,655r
12,172r
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary,
* Less than $500,000.
r Revised.
Treasury Bulletin
110
_____________________________ CAPITAL MOVEMENTS_______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of September 30, 1976
Preliminary
(Position in millions of dollars)
Payable in foreign currencies
Country
Total
short-term
claims
Payable in
dollars
Deposits with banks
abroad in reporter's
own name
18
114
25
139
400
370
54
335
132
40
28
319
57
221
21
2,280
29
15
80
76
4,752
1,912
•*
72
1
*
4
104
1
5
2
2
*
10
3
20
1
61
1
•*
*
*
39
924
417
26
66
1
352
84
35
22
215
180
9
445
2,814
36
911
400
26
65
1
345
76
32
21
205
167
8
442
2,736
*
13
16
*
1
1
1
5
2
*
7
6
1
1
53
6
3
1
*
3
8
■*
1
25
11
136
83
53
196
48
1,008
143
93
22
625
2,418
11
134
76
48
192
47
860
141
91
21
599
2,218
*
*
1
4
1
*
61
*
1
*
14
83
*
2
6
1
3
1
88
2
1
1
12
116
36
9
78
33
267
422
34
7
70
26
249
385
1
*
2
2
8
12
1
2
6
5
10
25
113
67
180
13,220
1
13,221
104
65
169
12,172
1
12,173
4
*
5
2
7
543
Europe:
Other Western Europe........
Canada.....................
Latin America:
Chilp....................
Colombia .................
Panama...................
Other Latin American Republics..
Other Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India....................
Indonesia.................
Japan....................
Philippines...............
Africa:
Egypt....................
Morocco..................
South Africa...............
Total Africa...............
Other countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
International, and .regional.....
Grand total.................
*
Less than $500,000.
21
195
26
139
418
489
56
357
141
43
28
335
62
254
23
2,370
30
17
81
79
5,162
........ 2,224 .
287
65
4
505
505
Other short-term
claims payable in
foreign currencies
3
8
1
*
13
15
1
17
8
1
*
6
2
13
1
29
*
2
1
2
124
246
3
*
1
*
*
-
-
543
111
February 1977
.CAPITAL MOVEMENTS,
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United "States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
(In millions of dollars)____
Payable in foreign currencies
Payable in dollars
End of
calendar yespc
or month
Total
short-term
liquid
claims
Total
Demand
197 3
197 4
917
844
973
1,078
1.163
1,638
1,318
1,491
1,141
1,648
1,507
1,965
2,373 ,
3.164
3,357
197 5
3,791
691
625
805
901
985
1,306
1,068
1,222
847
1,295
1,205
1,615
1,966
2,625
2,660
3,035
3,791
4,224
4,426
4,437
4,968
5,204r
4,949r
5,185r
5,142r
4,750r
4,869
5,133
3,177
3,035
3,461
3,644
3,749
4,267
4,515r
4 ,316r
4,552
4,538r
4,075r
4,283
4,598
1965 2/..
196 6
1967 2/..
196 8
1969 2/..
197 0
1971 2/..
1972 2/..
1975-Nov..
Dec.,
1976-Jan..
Feb..
Mar.,
Apr.,
May.,
June,
July,
Aug.,
Sept,
Oct.
Nov.
Deposits
Deposits
Time
557
549
699
702
786
1,192
19
19
58
66
66
28
951
1,062
697
1,092
1,078
1,446
1,910
2,588
2,591
2,703
Short-term
investments 1/
Total
114
57
48
133
133
87
116
161
150
203
127
169
55
37
69
332
227
219
168
177
178
332
250
269
294
354
302
350
408
332
375
377
393
412
426
345
360r
419
370
391
387
Note:
Data represent the liquid assets abroad of large nonbanking
concerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand 01*having a contractual maturity of not more than one year
Short-term
investments 1/
Time
90
86
69
77
77
222
45
45
40
50
51
49
756
174
183
173
234
234
307
340
435
429
510
745
756
763
782
687
700
689
633r
633r
604
675r
586
535
461
510
474
447
435
433
452
433
431
377
447r
344
308
539
697
468
2,709
2,703
3,086
3,267
3,357
3,855
4,090r
3,971r
4,l92r
4,ll9r
3,705r
3,893
4,210
Demand
92
59
49
49
60
76
86
121
120
68
42
68
105
268
246
284
246
289
335
253
267
237
200r
203r
227
228
242
227
from the date on which the obligation was incurred by the foreigner.
2/ Data on the two lines shown for this date differ because of 'changes
in reporting coverage or classification. Figures on the first line
are comparable to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date,
r Revised.*
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollar^
Calendar year
1976
Country
1972 1/
A
l
J*1
21
France..................
Germany..................
Italy...................
Netherlands...... .........
Switzerland............ ...
United Kingdom............
702
Canada..................
Bahamas 2/...............
23
5
16
1973
34
25
13
17
1974
51
18
<•2
•2
10
10
July
1975
£.0
12
Q
*O 7
0
16
J
4
912
1,118
15
1 ^50
14
Ad
00
1,304
485
535
765
70(
1,153
459
562
589
391
546
Japan...................
132
137
306
398
All other countries 2/ ........
100
114
277
184
Total...................
1,965
2,373
3,164
3,357
2
21
2
21
7
6
12
Note: Data represent the liquid assets abroad of large nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
.are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
l/ Data in the two columns for this date differ because of changes in
reporting coverage. Figures in the first column are comparable in
255
3,791
Aug.
Sept.
l,397r
83
24
129
4
5
123
l,712r
1 356r
918
823
81
O
J.OUrL*
139
137
79
7
96
1
4
109
2,068r
j ( JlE
5,185r
78
7
67
2
6
120
2 ,082r
4<c.?r
5 1/ ?T*
Oct.
80
24
37
4
8
120
NcJv.
81
32
23
4
1,641
10
122
1,690
1,400
1,563
1,059
1,059
"I J
X40
116
135
358r
379
4, '-'UX'
4,869
J l J
5,133
coverage to those shown for the preceding date; figures ijn the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Includes the liquid claims of $500 thousand or more held by reporting
•concerns in any country not listed above,
r Revised.
Treasury Bulletin
112
____________________________ CAPITAL MOVEMENTS______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of November 30, 1976
(Position in millions of dollars)
Payable in dollars
Country
Total
short-term
liquid
claims
Total
Deposits
Payable in foreign currencies
Short-term
investments 1/
Total
67
1
8
4
8
22
50
67
1
8
4
8
22
48
2
178
Deposits
Short-term
investments 1/
Belgium-Luxembourg...........
France....................
Germany..................
Italy.....................
Netherlands................
Switzerland.................
United Kingdom..............
81
32
23
4
10
122
1,690
13
31
16
*
13
8
16
*
2
100
1,640
2
100
1,629
22
*
*
10
Canada....................
1,563
1,339
1,017
322
225
46
Bahamas...................
1,059
1,053
1,053
-
6
6
-
Japan.................. .
135
49
39
. io
85
40
46
All other countries 2/........
414
354
332
22
59
58
1
5,133
4,598
4,210
387
535
308
227
Total.....................
Note:
Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on foreigners
reported by nonbanking concerns in the United States that are included
in the series published in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
-
_
-
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner,
2 j Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
* Less than $500,000.
113
February 1977
_____________________________________________CAPITAL MOVEMENTS______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1976
1975
Country
1971
Europe:
Belgium-Luxembourg...........
France.......... ........ .
Germany................ .
Greece......... ..........
Italy....................
Netherlands........... .
Norway....................
Portugal .................
Spain....................
Sweden...................
Switzerland.......... .....
Turkey....................
United K^ngdoin..................
Yugoslavia................ .
U.S.S.R....... ...........
Other Eastern Europe.......
Canada............
Latin America:
Argentina....... .... .
Bahamas & .................
Brazil........ ...........
Chile*...............
Colombia,,............ .
Cuba...... ......... .
Mexico........ ...... .....
Panama............... .
Peru........ .......... .
Uruguay................ .
Venezuela............ .... .
Other Latin American Republics..
Netherlands Antilles 2u ,........
Other Latin America.........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland).........
China, Republic of (Taiwan).....
Hong Kong........ ........
India.... .... ....... .
Indonesia... ........... .
Israel............... ....
Japan......... .......... .
Korea........ ..... .... .
Philippines......... ......
Thailand............... .
Other Asia................
Total Asia..... ..........
Africa:
Egypt........... .
Morocco............ .
South Africa........... .
Zaire.....................
Other Africa... .......... .
Total Africa............. .
Ofrher.cQuniries:
Australia........... .....
All other.................
Total other countries........
Total foreign countries........
International and regional.....
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
5
1972 1/
2
4
7
6
22
7
53
54
343
25
13
70
34
28
15
163
16
11
*
7
1974
1973
7
7
7
6
26
7
43
&
28
16
65
34
29
27
191
16
13
*
5
Sept.
8
10
2
6
43
9
37
56
339
30
13
55
25
52
26
290
16
7
20
9
8
15
1
7
53
23
21
40
280
12
9
46
42
44
3
364
11
4
11
11
13
14
1
7
54
23r
16
43
273
7
7
40
39
59
5
366
4
3
1
15
989r
1,347
Dec.
12
20
*
6
57r
41r
Mar.
12
18
2
10
58r
3St
13
June
Sept. p
12
19
1
12
57
39
12
36
211
14
14
23
47
52
2
365
10
3
17
15
13
18
1
16
58
77
10
36
211
14
13
26
47
50
1
290
10
3
17
13
E
217
6
6
47
42
55
2
396
8
3
11
17
42
219
6
10
26
47
52
3
349
9
4
15
16
l,002r
1,426
949r
1,473
959
1.516
925
1.510
832
878
935
1,051
1,007
717
•833
1,141
1,172
1,290
66
4
174
217
34
9
60
29
28
4
30
225
*
7
59
8
I84
236
30
9
60
36
16
4
30
223
*
7
60
25
187
238
32
9
35
16
4
30
241
*
13
48
131
145
254
12
9
79
49
18
18
38
239
1
12
4*
19
187
435
13
9
153
112
19
18
154
217
3
1
34
7
177
313
15
9
228
116
24
18
145
220
22
5
38
8
171
315
18
9
216
115
26
18
459r
217
21
3
28
7
182
312
22
9
209
115
28
18
539r
278
21
4
35
37
I64
306
20
9
187
133
29
18
358
284
20
2
33
37
171
244
23
9
219
138
33
19
302
290
28
3
887
902
955
1,053
1,384
1,333
l,633r
1.770r
1.602
1.547
33
2
15
21
41
136
85
48
17
62
39
1
17
28
74
156
85
63
16
83
40
1
16
32
75
133
65
63
4
81
461
562
4
1
6
*
75
4
*
9
1
72
86
64
93
46
7
11
33
123
112
I64
83
6
94
*
56
3
9
20r
122
95
177
76
5
104
52
3
7
24r
122
90
197
78
5
91
53
4
5
23r
129
91
195
93
5
87
48
3
6
23
161
85
198
92
7
86
48
3
6
34
170
80
224
86
6
79
511
613
681
667r
669r
685r
709
736
4
*
2
1
78
4
*
22
2
87
3
1
17
8
98
4
1
21
10
119
•*
1
31
12
125
•*
*
36
11
166
*
1
21
11
130
3
*
23
11
144
87
87
115
127
154
168
214
163
181
77
5
100
5
29
5
32
17
29
20
82
3,065
2
105
3,366
49
4,054
4
4,057
49
4,538
42
19
61
35
19
55
35
21
56
34
19
53
33
19
52
< 3,068
4
3,370
..X4_
3,662
4
3,666
1/ Data on the two columns shewn for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
10
54
4
15
37
92
125
91
85
8
5
4,544
1
| 4,551r
6
4,557r
1
4,954r
6
4,959r
5,l46r
5.002
6
5,152r
6
5,008
_
6.22L
... L ,
4,958
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles,
*
p
r
Less than $500,000.
Preliminary.
Revised.
.
114
Treasury Bulletin
_____________________________ CAPITAL MOVEMENTS________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
or month
Total
1958.........
1959.........
I960.........
1961.........
1962.........
1963.........
1964.........
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976 p........
1975-Dec......
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
305
-472
1,995
8,089
439
1976-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
478
623
700
-33 8
238
1,205
810
729
1,315
1,019
576
734
Sept.....
Oct......
Nov.p.....
Dec.p.....
Marketable Treasury bonds and notes
Net foreign purchases
Foreign countries Inter
Gross
national foreign
Official Other
purchases
and
foreign regional
insti
tutions ers
-237
524
■98
-20
-207
369
36
-59
-20
95
56
-245
48
30
-380
51
-115
59
123
-41
1,661
-119
3,281
-22
465
5
-642
69
1,561
254
275
5,117
-10
187
210
176
731
457
263
717
7
6
46
)
294
316
964
227
340
421
4
-18
54
30
80
-39
56
43
6
Gross
foreign
sales
273
165
224
532
-521
302
-315
-151
-427
-121
-161
11
-25
130
57
-165
101
180
2,697
262
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,738
3,382
8,898
25,604
708
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
2,433
3,854
6,903
17,514
269
261
441
-77
-799
-7
434
486
333
390
736
193
307
1,056
1,207
1,421
1,639
892
1,704
1,757
2,776
2,651
2,691
4,021
3,789
578
584
721
1,977
654
499
947
2,047
1,336
1,672
3,444
3,055
1/ Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
Corporate and other
Bonds 1/
Ket
foreign
Gross
Gross
purchases Met
foreign foreign foreign
of
sorporate purchases purchases sales
and other
securities
361
17
-39
344
296
435
369
73
252
50
392
442
416
317
223
-99
308
60
-51
359
256
246
207
9
176
461
284
-173
38
637
-375
675
678
1,011
542
1,553
1,070
1,929
313
2,243
4,446
2,481
1,964
4,234
2,688
1,202
1,853
3,054
1,582
956
2,499
1,543
1,435
2,967
703
2,263
2,842
4,068
1,881
4,723
1,961
5,828
4,751
3,867
7,582
8,571
1,529
989
5,422
4,642
5,395
753
5,522
4,307
3,955
1,215
930
242
514
273
758
419
554
571
138
490
385
268
-5
143
-50
284
p
215
47
-31
160
22
236
153
179
-13
238
-2
10
747
409
387
570,
427
391
307
411
361
625
355
533
532
362
417
410
404
155
154
232
374
386
356
524
securities
Stocks
Net
Gross
foreign
foreign
purchases purchases
Gross
foreign
sales
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,790
540
4,669
2,740
689
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,767
7,636
15,347
18,188
1,380
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
7,096
10,678
15,448
691
543
372
585
411
115
254
232
88
9
^5
-49
275
2,091
2,098
2,144
1,695
1,212
1,432
1,595
1,050
1,124
1,226
977
1,544
1,548
1,726
1,559
1,284
1,097
1,178
1,363
962
1,116
1,321
1,025
1,269
Preliminary,
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Foreign bonds
Foreign stocks
Calendar year
or month
Net foreign
purchases
of foreign
securities
Net foreign
purchases
Gross foreign
purchases
Gross foreign
sales
Net foreign
purchases
Gross foreign
purchases
1958.................
1959.................
I960.................
1961.................
1962.................
1963.................
1964.................
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976 p...............
1975-Dec..............
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
-818
-2,034
-6,494
-8,818
-1,139
-1,026
-512
-562
—460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
-2,218
-6,305
-8,482
-1,190
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
1,036
2,383
4,932
282
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,686
2,581
2,441
2,621
2,932
2,467
3,254
8,687
13,414
1,471
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
184
-189
-336
51
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,907
1,541
1,913
148
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1,723
1,730
2,250
97
1976-Jan..............
Feb..............
-335
-1,205
-986
-382
-491
-576
-1,862
-489
-454
-369
-339
-1,145
-933
462
402
360
342
373
281
440
333
363
452
455
670
800
1,547
1,293
763
822
813
2,173
811
790
819
855
1,926
3
-60
-53
40
-42
-44
-129
-11
-27
-2
-2
-9
145
162
193
182
198
162
128
123
126
132
167
194
142
222
246
143
240
206
257
134
153
133
168
203
Oct............. ..
Nov.p....... .
p
Preliminary.
-422
-449
-532
-1,734
-478
-368
-402
-400
-1,265
-1,256
Gross foreign
sales
804
804
592
966
806
644
548
617
115
February 1977
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1976
Country
1976p
1975
1973
1974
*
1
*
1
1
*
_
*
242
24
4
*
*
-8
5
*
-1
5
4
*
*
16
-4
*
70
_
5
_
*
96
131
*
3
*
17
-3
206
*
*
10
39
*
*
25
26
-129
_
7
_
*
200
-317
*
*
*
*
*
*
*
3
2
*
1
7
*
*
*
*
*
*
*•
81
5
86
■*
*
*
*
20
1
*
*
*
*
78
*
101
*
*
*
60
-
-
Europe:
France...................
Germany,..................
Greece...................
Italy....................
Netherlands...............
*
*
5
-
*
150
-11
_
95
Spain....................
Sweden...................
Switzerland...............
Turkey...................
United Kingdom.............
Yugoslavia................
Other Western Europe.........
Other Eastern Europe........
Total Europe..............
Canada.....................
Laiin America:
Argentina.................
Bahamas.**............... .
Brazil...................
Chile....................
Colombia..................
Cuba.....................
Mexico...................
Panama....................
Peru.....................
Uruguay..................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles A/......
Other Latin America.........
Total Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India....................
Indonesia.................
Israel...................
Japan....................
Korea....................
Philippines...............
Thailand..................
Other Asia:
Middle East oil-exporting
countries 2 j............
Other countries..........
Total other Asia.........
Total Asia..............
Africa:
Egypt.........................
Morocco..................
South Africa...............
Zaire....................
Other Africa:
Oil-exporting countries 2 / . . . .
Total other Africa........
Total Africa...............
Other countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
iBiernaiional and regional
International.............
Latin American regional.....
Total international and regional
-
_
171
2
-
L
200
1,660
-
-1
*
*
*
*
J
\
>
J 25
-5
\
^
Nov. p
Dec. p
*
*
*
“
19
-41
18
-1
24
194
3
7
5 ,
17
-5
272
1
*
*
-85
206
*
122
114
*
-5
*
*
*
30
-12
_
_
_
38
1
*
*
*
*
-16
39
15
*
-1
*
*
-35
97
_
13
_
-2
_
290
49
*
1
*
2
-2
7
_
*
41
4
5
*
*
-50
24
29
13
228
-141
*
*
5
16
*
21
*
*
*
*
65
3
68
-
1
*
*
4
-24
1
-18
*
*
*
145
-4
2
-1
142
*
*
_
*
7
3
*
10
■*
-3
-1
*
41
_
78
~
-1
*
_
_
-506
*
*
-21
•*
-2
*
100
-10
•*
-
1,244
-139
*
1
*
”
1
-5
*
a
0
-43
5
112
t—... .
3,877
604
4,481
-854
Oct.
■*
-2
-1
-1
103
*
-227
31
*
-1
173
Sept.
*
*
11
20
-6
*
-1,054
_
•*
-
/
1 1,797
{
*
^ 1,797
}
Aug.
*
1
■*
18
52
549
*
10
*
-1
-583
-10
-21
77
I
July
3,954
j---- —.
-
-7
_
129
-4
¥t
*
-5
*
-4
-84
*
-93
5
2
-8
2
211
*
*
*
*
■
-1
-30
52
19
37
_
-
-
*
-124
-35
-
_
100
20
246
-3
243
235
228
117
345
98
40
138
630
39
669
286
183
315
228
543
668
256
142
374
”
*
-
-
-
-
2
-10
-
140
146
*
170
*
170
221
*
221
30
30
20
20
10
10
-
11
11
11
"
*
25
-6
170
221
30
20
10
-
*
-25
-
*
*
*■
“
-
*
-
-
-
*
470
-25
-573
*
1,814
-
*
396
-
-
-
-
925
283
383
427
96
5
250
56
-
-
-165
101
225
-44
180
305
-472
1,995
-185
20
1 5,392
h......
2,584
114
2,697
8,089
l/
2/
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
2/
p
Includes Algeria, Gabon, Libya, and Nigeria,
Preliminary.
*
Less than $500,000.
324
380
10
390
736
*
-
486
323
10
333
150
43
-
736
193
307
810
729
1,315
1,019
576
734
476
10
-
Treasury bulletin
116
CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1973
1974
Europe:
Portugal................ .
Other Eastern Europe........
Csffiada,
Latin America:
Argentina..................
Chilp........ ...........
Other Latin American Republics..
Netherlands Antilles 1/ ......
Asia:
China, People's Republic of
(China Mainland)........ .
China, Republic of (Taiwan)...
India............. ,......
Japan......... ............
Korea.....................
Total Asia............ ....
Africa:
Zaire......... ...........
Other Africa.... ......... .
Total Africa.............. .
Other countries:
All other......... .......
Total other countries........
Total foreign countries... ....
International and regional:
International......... ....
Latin American regional.........
Asian regional.............
Total international and regional
Grand total....... ..... ....
Note:
1975
*
7
*
1
2
3
*
*
1
5
*
1
235
34
423
71
5
789
582
*
10
*
1
•*
9
*
*
6
9
*
1
251
30
*
493
76
5
885
713
*
13
*
18
*
215
*
*
16
48
*
1
275
55
*
363
83
4
1,085
395
*
4
*
*
*
*
*
4
3
2
1
14
*
4
*
*
*
*
*
4
3
83
6
100
*
4
*
*
*
20
1
*
*
4
3
161
6
200
*
1
*
4,552
2
*
*
8
4,563
*
1
*
3,498
2
*
*
208
3,709
*
*
61
*
3,271
2
31
*
2,005
5,370
_
*
•*
*
152
151
*
_
*
*
322
321
*
_
157
158
Oct.
Dec. p ,
Nov. p
*
11
1
20
55
221
*
*
283
49
*
1
291
132
*
.68
*
9
1
19
54
323
*
*
283
49
*
1
275
171
*
383
*
9
1
18
78
518
*
*
282
49
*
1
240
268
*
396
*
13
1
25
83
534
*
*
283
49
*
1
242
267
*
403
*
14
1
17
85
746
*
■*
288
49
*
1
192
291
*
433
*
14
1
36
44
764
*
174
167
165
165
178
198
4
1,604
34i
4
1,733
337
4
2,024
386
4
2,064
390
4
2,293
2,329
250
256
*
4
*
*
*
*
4
*
*
*
*
4
*
*
*
*
5
■*
*
*
*
5
*
*
*
*
5
*
*
*
20
2
*
*
4
9
157
8
20
*
*
*
4
5
138
11
21
*
*
*■
4
9
113
12
21
*
*
*
149
4
115
11
21
*
-*
*
149
12
118
11
203
20
2
*
*
4
9
222
11
271
178
160
302
312
*
*
73
*
*
71
*
76
*
*
74
*
*
*
73
*
*
*
71
*
*
3,077
2
45
*
4,504
7,701
*
2,952
2
10
*
4,849
’7,8^3
*
3,052
2
10
20
5,392
8,552
*
3,093
2
10
98
5,531
8,808
*
2,587
2
10
78
6,200
*
2,687
*
10
78
6,486
8,950
9,323
*
*
•*
*
*
*
*
502
501
*
*
522
*
*
532
*
*
543
*
*
543
521
*
*
532
531
531
543
543
*
*
*
*
*
*
*
*
*
*
*
*
288
49
*
1
191
261
*
485
4
25
25
6,131
■*
*
5,557
*
*
*
*
•*
*
*
*
*
7,372
10,350
IQ 746
11,671
11,954
12,337
12,764
1
48
*
.97
53
*
322
9
*
1,065
3
*
1,388
13
*
1,768
23
*
2,504
23
*
2,655
66
*
2,905
123
*
49
150
331
1,068
1,401
1,791
2,528
2,721
3,028
6,179
5,708
7,702
12,148
13,462
14,482
15,058
15,792
Data represent estimated official and private holdings of marketable
Treasury securities with an original maturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971, and the
monthly transactions reports. Country detail may not add to the area
u!s.
Sept
Augi
July
1976
11,419- J
totals or to Grand total,
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
p Preliminary.
* Less than $500,000.
February 197 7
U7
CAPITAL MOVEMENTS,
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In millions of dollars; negative figures indicate net sale.s by foreigners on a net outflow of capital from the United States)
Calendar year
1976
Country
1973
Europe:
Austria........ .
Belgium-Luxembourg...
Denmark..........
Finland..........
France...........
Germany..........
Greece...........
Italy...........
Netherlands.... *..
Norway........ .
Portugal.... ....
Spain...........
Sweden.... ..... *
Switzerland.......
Turkey...........
United Kingdom....
Yugoslavia........
Other Western Europe.
U.S.S.R..........
Other Eastern Europe.
Total Europe......
Canada............
Latin America:
Argentina....
Bahamas .. ...... *..
Brazil...........
Chile............
Colombia.........
Cuba............
Mexico...........
Peru....................
Uruguay......... ........ .
Venezuela........... ......
Other Latin American Republics.
Netherlands Antilles 1/........
Other Latin America........
Total Latin America.... *...
Asia:
China, People’s Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong........... .
India.................
Indonesia..............
Israel........ ........
Japan..............
Korea.................
Philippines............
Thailand...............
Other Asia:
Middle East oil-exporting
countries 2/.........
Other countries........
Total other Asia.......
Total Asia.
Africa:
Egypt..................
Morocco................
South Africa............
Zaire.......... ..... .
Other Africa:
Oil-exporting countries 3/.
Other countries...... .
Total other Africa......
Total Africa.
Other countries:
Australia....
All other....
Total other countries....
Total foreign countries....
International and regional:
International........
European regional.....
Asian regional........
Latin American Regional..
Total international and regional
Grand total..............
I976p
1975
1974
4
11
6
1
201
-33
*
56
-19
57
*
3
28
333
-1
275
317
*
-1
-15
6
*
96
28
•*
-15
183
10
1
2
2
96
*
395
—48
*
6
-45
*
1
82
-6
*
-3
-16
34
*
1
*
117
■*
-52
1,242
49
741
45
106
128
July
-2
-24
-2
-10
39
-49
-3
-10
-29
2
*
2
5
158
*
23
*
-7
-
-14
*
-
*
1
1
96
2
-6
9
*
*
*•
11
20
*
3
*
3
34
2
1
*
-1
-2
*
5
6
•*
1
2
1
26
2
43
3
5
*
*
*
-1
9
■*
2
10
4
-3
1
31
*
8
*
•*
-1
580
*
*
*
-1
4
*
*
1
-264
*
*
*
*
6
*
*
*
-48
*
•*
*
2
*
*
*
-137
*
*
*
1,553
I 1,553
1,511
*
•*
*
f
*
588
892
632
*
•*
*
*
*
*
*
*
•*
*
10
*
10
1,934
10
*
10
1,472
27
*
-
-497
-
>
1
)
f
*
{
I
5
1
*
49
2
91
*
18
1
*
*
-1
■*
*
*
1
*
8
16
44
>
3
-1
*
*
10
-3
*
-1
4
*
*
*
35
*
3
*
*
*
2
*
*
*
1
2
*
1
1
*
1
-1
1... 7 "
16
94
Sept.
Aug.
-3
-14
*
*
4
-3
*
-1
-3
*
*
•*
10
16
23
*
_
29
9
*
*
*
•*
*
_
1
1
_
*
-1
*
-1
8
9
Oct.
*
_
-16
*
-2
*
*
-1
5
•*
*
-5
*
*
*
-1
-2
*
*
_
-7
-10
18
-1
*
-1
*
*
*
*
*
*
*
1
*
*
4
1
5
#
-1
5
-1
-3
*
-9
-1
*
*
-2
*
•*
*
*
*
-7
*
7
*
_
1
1
*
*
*
1
19
3
29
•*
-2
•*
*
5
4
*
3
3
*
*•
1
-1
-3
*
15
_
*
_
24
16
-1
1
*
*
7
1
—4
1
-20
*
*
*
1
13
1
1
2
_
*
_
1
-2
*
_
1
-1
6
-2
6
*
1
2
*
*
_
2
23
*
*
-3
1
-4
5
27
54
*
_
53
7
-
-
-
_
*
-1
*
*
-
*
_
*
*
-15
*
*
*
*
_
_
*
6
*
*
*
*
1
*
*
-4
_
*
*
*
*
*
*
*
-30
•*
•*
-
1,179
-26
1,153
1,019
104
-1
103
102
121
-1
120
126
18
*
18
156
-3
153
159
74
-3
71
69
-21
-14
-35
-65
1
■*
*
_
•*
_
-
*
*
_
-
*
-
1
_
*
*
-26
-26
-25
*
1
1
1
*
*
*
*
-19
-19
-19
-2
-2
-2
-2
-2
-2
-15
-15
-14
-21
*
-21
*
*
161
173
-2
*
-2
6
*
*
*•
..-JL-
*
*
-9
*
*
*
*
*
*
174
113
135
-71
-129
-115
3
-2
10
1,253
5
-43
-9
4
-
_
14
-1,030
1
1
2
6
-10
27
-483
-1,029
-38
-8
6
-4
64
1,961
989
753
1,215
153
179
-13
238
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
Dec. p
*
_
_
*
5
*
*
*
•*
1
1,782
-
Nov. p
United Arab Emirates (Trucial States).
1/ Includes Algeria, Gabon, Libya, and Nigeria,
p Preliminary.
* Less than $500,000.
15
-17
~
21
118
Treasury Bulletin
CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Taible CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
( In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Galendar year
Country
1976
197£p
July
Aug.
Sept.
1
-6
-1
1
72
-20
1
-3
-22
*
-1
-1
1
-58
5
*•
-1
-32
44
*
-16
*
1
28
-11
*
-2
-21
1
>
*
*
*
-11
*
12
*
*
*
-19
35
*
-20
1
*
23
-6
-5
2
-26
-3
-1
1
-55
*
29
*
-1
-60
5
-1
3
*
*
*
*
35
-4
1
-1
16
*
45
62
156
*
-1
*
*
1
5
*
*
■*
1
*
1
-4
3
•*
*
*
*
*
3
*
*
*
1
*
-24
-4
-24
1
87
*
*
2
22
*
2
*
*
5
54
*
7
-3
68
*
2
*
*
7
*
7
*
-2
*
*
*
f 1,640
1,782
1,803
-13
1,790
1,922
*•
*
*
*
1974
1975
2,104
99
-1
59
-5
*
203
39
7
-3
330
-10
3
-3
-1
36
-3
-377
*
' 8
*
*
281
-6
11
84
5
-1
262
251
10
*
359
4
-2
13
2
899
*
594
*
-1
*
*
2,491
361
2
'-40
-2
1
256
70
3
-4
-199
-8
-8
9
*
-104
1
338
*
16
1
332
314
*
-17
*
*
*
*
6
24
-1
1
-2
-3
-35
30
*
-45
*
*
*
*
17
5
*
2
3
*
-13
-2
4
-33
2
7
1
-1
1
*
6
15
■*
*
2
3
-22
-20
-7
•*
-1
23
*
-1
4
495
-2
1
-1
■*
*
-25
*
*
-2
-45
-1
*
*
60
577
361
288
\
29
{ 1,669
-1
*
-5
*
-9
*
*
*
19/3
France...................
Switzerland...............
United Kingdom.............
Yugoslavia................
Other Eastern Europe........
Total Europe...............
Canada.....................
Latin America:
Brazil...................
Chile....................
Colombia..................
Cuba.....................
Mexico...................
Panama...................
Peru.....................
Uruguay..................
Venezuela.................
Other Latin American Republics.*
Netherlands Antilles i f .....
Other Latin America.........
Total Latin America.........
Asia:
China, People’s Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India....................
Indonesia.................
Israel...................
Japan....................
Korea....................
Philippines...............
Thailand..................
Other Asia:
Middle East oil-exporting
countries 2/............
Other countries..........
Total other Asia......... J
Total Asia..............
Africa:
Egypt....................
Morocco..................
South Africa...............
Zaire....................
Other Africa:
Oil-exporting countries 2/ •••
Other countries...........
Total other Africa........
}
Total Africa...............
Other countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
fot.ernational and regional
International..............
European regional...........
Asian regional.............
African regional...........
Latin American regional......
Total International and regional
Grand total................. .
13
152
•*
*
439
2
18
45
339
11
9
11
*
686
3
366
6
6
_
*
.
-4
*
*
*•
2,781
8
1
*
-
9
2,790
3
-6
3
1
3
527
13
*
*
13
540
{
:
10
15
1
15
4,651
18
-
18
4,669
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2 j Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Nov. p
Dec. p
2
4
1
-1
37
24
•*
-3
-35
*
*
3
•*
-7
*
84
*
3
Ill
60
-2
-7
*
*
-12
-16
2
-1
-37
-14
*
2
1
-95
*
-72
-1
_
-251
18
-118
1
*•
1
*
*
*
*
■*
*
*
5
-1
7
-1
10
*
1
-1
*
*
_
1
2
*
*
4
1
-14
-11
-17
*
2
*
*
*
_
2
*
*
*
-2
-1
18
6
25
*
3
*
*
•*
2
-18
*
*
1
1
5
7
*
-4
*
*
*
-1
*
*
*
*
3
■*
*
*•
-4
*
*
*
*
*
-3
*
*■
*
29
■*
*
*
•*
*
-5
*
*
-1
-11
*
*
■*
_
*
12
*
*
-2
-1
*
*
*
209
-2
207
219
92
3
95
90
60
-3
57
56
126
1
127
154
64
-4
60
43
115
*
115
124
•*
*
1
■*
•*
*
*
*
*
*
*
*
■*
•*
*
*
*
*
*
*
*
*
*
*
*
*
*
1
6
7
7
*•
-2
-2
*
-3
-3
-3
*
-1
-1
-3
*
3
3
3
i i
-IS-4^- *
Europe:
Oct.
*
1
1
2
-3
-2
3
*
1
*
1
■*
-4
2,727
1
1
*
*
*
233
2
85
*
*
*
7
-99
-50
13
-2
3
2
-
-
4
_
-
2
-
4
-95
2
-49
-
_
*
13
2,740
-
*
-2
232
-4
-
-
-
-
-
-
3
88
2
9
/
2/ Includes Algeria, Gabon, Libya, and Nigeria.
p
Preliminary.
*
Less than $500,000.
-1
5
*
*
-25
-13
*
-3
-29
*
*
*
-4
—44
-5
*
2
_
_
-1
1
-14
-3
-17
28l
-6
_
-
_
_
-6
275
February 197 7
119
r> A T> rr A T. M n v B M B U T S
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
(In millions of dollars: negative figures indicate net sales bv fo
s&AHvif of capital from t.hft Tfriitftfl St.at.Bal1976
Calendar year
Country
1973
Europe:
Austria..........
Belgium-Luxembourg...
Denmark..........
Finland..........
France...........
Germany..........
Greece...........
Italy...........
Netherlands.......
Norway...........
Portugal.........
Spain...........
Sweden...........
Switzerland.......
Turkey...........
United Kingdom....
Yugoslavia.......
Other Western Europe.
U.S.S.R..........
Other Eastern Europe.
Total Europe......
Canada.....................
Latin America:
Argentina.
Brazil..................,
Chilp................................ .
Colombia................ .
Cuua.................... .
Mexico...................
Panama................. .
Peru...................
Uruguay.................
Venezuela...............
Other Latin American Republics
Netherlands Antilles 1/......
Other Latin America....... .
Total Latin America....... .
Asia:
China, People's Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong..............
India.................
Indonesia..............
Israel................
Japan.................
Korea.................
Philippines............
Thailand..............
Other Asia.............
Total Asia.
Africa:
Egypt.......
Morocco.....
South Africa...
Zaire.......
Other Africa...
Total Africa...
Other countries:
Australia....
All other....
Total other countries.....
Total foreign countries.....
International and regional-.
International........... .
European regional.........
Latin American regional... .
Asian regional.......... .
Total international and regional
Grand total.............. .
5
1976p
1975
1974
-52
16
6
1
-179
33
*
28
13
-199
-9
11
-47
-15
10
-55
-533
-16
*
-32
-5
-198
3
-17
17
4
*
31
1
-25
10
2
1
3
4
6
196
*
30
*
-1
1
-1
-1
-7
*
-107
*
-15
-12
-3
13
-721
-191
-1,526
-106
-3,082
-439
-5,097
28
-98
-33
1
-115
-3
1
1
3
-72
-56
2
-24
-30
2
-19
*
-7
-38
-2
*
11
2
3
1
-20
10
3
1
7
1
4
6
-108
-4
4
-177
-3
6
-12
Sept.
Nov. p
-36
-5
-3
-101
-6
-1
-10
1
34
-13
24
*
-29
7
-5
-346
-11
-6
-10
5
10
5
-5
2
-54
-119
-9
*
1
-3
-1
69
-15
-1
1
1
-1
42
1
34
24
-45
14
-14
-115
—48
1
-2
*
-102
-100
Dec. p
-2
-1
-1
-2
-1
-2
57
Oct.
-13
-3
-305
1
1
3
1
*•
-117
9
3
-10
1
2
2
35
6
22
66
43
76
15
14
1
30
5
46
4
-1
2
22
16
-1
-1
22
2
1
3
-4
13
8
~
14
2
•*
-375
-283
*
2
-432
-332
66
2
2
2
-360
8
-1
-98
-100
-15
-151
-38
1
4
4
1
*
-64
1
Aug.
2
1
548
*
1
30
4
-1
-7
__ 4_
-104
July
-364
-
-182
-244
-8
-8
-11
-24
-89
6
-8
5
-364
-1
-348
10
25
71
6£2
-673
-33
24
10
19
-75
-1
-354
16
6
-14
-10
-444
-199
__ 3
-197
-268
4
-1
34
10
28
14
8
8
36
-1,134
-2,158
-162
__ 7
-155
21
108
5
28
*
39
-98
-1
141
-993
-60
-2,218
-
4,112
-1,577
-345
-201
-70
-2,193
-6,305
-430
19
-411
-6,580
-911
-590
-227
-175
-1,902
8,482
1/ Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
10
-915
-412
17
-725
1
-95
-280
13
-100
9
-146
-456
-74
5
-75
-819
-1,734
-66
-478
17
-427
-87
-368
-132
* -529
-1,256
Treasury Bulletin
120
nAPTTAT. MflVBMBMTg
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1976
Calendar year
Country
1973
1974
1976p
1975
July
*
16
1
*
-33
-11
*
1
73
*
-1
1
*
-12
*
-188
*
*
-154
152
*
-4
*
*
-76
10
*
1
33
*
*
3
*
-19
*
-303
*
-1
-354
18
*
54
-100
-1
3
-1
*
*
_
2
-5
-1
*
1
*
-8
-2
-12
*
-2
*
*
*
_
4
5
*
*
*
*
1
4
11
*
-2
-7
*
*
_
2
1
*
*
2
1
-158
6
-156
*
*
-1
*
*
10
-1
*
*
*
*
3
-8
3
*
3
*
*
*
_
1
*
*
*
_
*
•*
*
*
19
*
*
-7
188
•*
-2
*
-5
193
-1
-1
*
*
3
512
-9
*
2
506
*
*
•*
*
3
-9
*
•*
8
1
*
23
*
*
-2
23
■*
1
*
13
58
*
1
*
*
-2
-20
*
-2
*
-1
*
4
-2
*
11
-1
Total Africa................
-3
3
10
All other.................
1
■*
1
177
1
*
1
184
*
*
*
-191
-2
*
-2
_
*
■*
1
1
4
4
176
184
-189
-336
-
Chil*....................
Colombia,........
Other Latin American Republics..
Netherlands Antilles l/.........
-1
-34
-10
*
-119
18
1
18
-137
-8
*
-1
5
-41
*
-87
*
1
-395
1
5
-1
-1
-24
29
*
-2
4
1
*
-1
-1
49
-7
-
.
-14
Asia:
China, People's Republic of
(China Mainland).........
India.......... ..........
Africa:
International.......... .....
Asian regional.............
Total international and regional
Grand total.................
Sept.
Oct.
Nov. p
Dec. p
1
Europe;
Canada.....................
Latin America:
Aug.
-
*
-45
-68
*
-3
•*
*
-18
-2
*
-1
-10
*
_
*
*
-10
-8
•*
_
-51
2
*
-3
•*
-14
1
*
*
-15
*
•*
*
*
-6
_
-4
_
*
_
-42
15
*
-3
*
*
-5
6
■*
*
-5
-8
*
*
■*
-2
_
-13
_
1
_
-30
4
*
*
-2
*
-2
6
*
22
1
*
*
*•
-1
*
-5
*
*
-1
3
*
*
-14
*
*
*
*
1
-
-18
-8
*
_
5
_
*
_
-24
13
*
-2
-1
*
*
__
*
*
_
*
*
*
*
*
-
4
*
*
*
*
*
*
*
*
*
*
*
-1
-1
-2
*
-1
-1
*
*
_
*
*
_
■*
*
*
*
1
■*
2
-18
_
13
_
*
21
*
*
*
3
37
_
-2
_
_
-1
-2
*
*
_
2
-2
3
*
20
*
*
2
25
_
5
*
■*
-6
*
2
1
*
1
■*
*
*
*
_
*
2
-1
*
*
*
*
•*
:
*
*
*
*
•*
—
*
*
12
-1
*
*
*
*
*
-5
*
•*
*
*
*
*
-11
-1
*
-1
-27
-1
-1
*
“
*
*
*
-2
-2
-9
-
-
_
“
-
-
-
_
-
-
_
-
-129
-11
-27
-2
-2
-9
*
•*
12
“
-5
“ -m™
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
* Less than $500,000.
p Preliminary,
-1
-3
*
*
-20
1
*
-2
-10
*
*
*
•*
-8
*
-4
4
-129
*
*
_
*
*
_
*
*
„
*
*•
*
*
*
1
*
*
_
_
_
_
5
*
*
*
*
*
*
*
*
February 197 7
121
___________________CAPITAL MOVEMENTS______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During December 1976 Preliminary
Country
___ _____________________ (In millions of dollars)______ _____________________
Gross purchases by foreigners
Gross sales by foreigners
Domestic securities
Foreign securities
Domestic securities
Foreign securities
Marketable
Corporate and
Marketable Corporate and
Total
Treasury
other
Total
Treasury
other
purchases
Bonds
Stocks sales
bonds and
Bonds
Stocks
notes
notes
Bonds Stocks
Bonds Stocks
Europe:
Austria.............. ......
Belgiura-Luxembourg... ........
Denmark....................
Finland...................
France.......... ...........
Germany.......... ..........
Greece................ .
Italy......................
Netherlands... ..............
Norway....... ..............
Portugal...................
Spain.....................
Sweden.....................
Switzerland..................
Turkey............ ...... .
United Kingdom... ....... .
Yugoslavia..................
Other Western Europe..........
Other Eastern Europe... ..... .
Total Europe............. .
Canada.......... .......... .
Latin America:
Argentina..................
Bahamas
Brazil.....................
Chile.....................
Colombia..... ..............
Cuba......... .............
Mexico..... ...............
Panama..... ...............
Peru.... ... ..............
Uruguay....................
Venezuela.'..................
Other Latin American Republics....
Other Latin America... .......
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).....
Hong Kong......... .........
India................... .
Indonesia...................
Israel................. .
Japan......................
Korea............ .........
Philippines.............. .
Thailand...................
Other Asia..................
Total Asia..................
Africa:
Egypt.....................
Morocco....................
South Africa........... ....
Zaire....................
Other Africa.... ...........
Total Africa.......... ......
Other countries:
Australia..................
All other..................
Total other countries.........
Total foreign countries.........
International and regional:
International...............
European regional.......... .
Latin American regional... ....
Asian regional...............
African regional.............
Total international and regional..
Grand total..................
*
Less than $500,000.
5
102
5
93
189
168
13
16
62
6
1
9
5
517
*
542
*
115
_
-
1,847
495
_
*
89
4
38
-
*
*
-
1
20
61
_
108
321
47
*
-
*
10
*
2
19
10
*
3
5
*
*
*
2
47
-
71
*
_
168
49
4
63
2
1
121
93
12
5
45
5
•*
7
2
331
*
231
*
6
930
227
1
28
3
1
37
23
*
7
8
1
1
1
*
110
_
159
*
380
120
•*
1
*
*
8
5
*
*
4
*
_
*
*
9
20
*
..
48
, 53
1,786
1,062
*
1
*
_
*
_
1
*
_
*
*
*
*
3
5
2
16
1
*
*
_
11
27
*
1
9
28
66
74
235
*
*
34
*
*
41
150
25
13
*
663
927
6
108
2
129
307
130
16
18
140
6
1
8
6
470
*
345
*
93
-
*
_
70
45
20
*
*
*
-
2
50
_
8
_
89
-
284
40
1
11
*
*
•*
6
7
*
1
6
2
48
74_
158
1
13
8
*
*
39
1
2
2
*
•*
_
3
24
*
*
1
3
12
6
54
*
1
45
*
*
6
243
15
17
*
1,033
1,361
*
_
_
100
15
10
_
*
2
_
*
*
1
_
*
655
781
209
213
*
1
34
*
*
1
20
*
1
*
157
214
_
*
6
_
_
4
38
_
6
*
12
67
*
4
_
_
*
83
*
*
_
*
1
*
2
*
9
11
*
*
1
*
_
*
1
*
*
1
*
5
6
*
_
3
3
_
*
_
*•
1
* ;
*
1
*
21
21
-
-
4
1
5
(2
1
3
627
*
*
20
3
23
-
194
4,054
-
43
*
*
_
_
2,774
74
75
3
27
11
1
1
_
13
34
*
2
8
42
70
100
310
-
_
_
_
_
-
32
7
*
_
6
1
8
-
*
*
*
4,032
i.ias
485
1,539
2,545
*
152
2,475
126
23
26
5
-
2
3
*
*
2
5
2
17
53
87
_
_
_
-
_
_
_
-
-
_
-
-
_
_
2,697
6,730
2,601
3,789
48
533
5
1,544
43
670
-
194
2,923
6,977
-
*
_
_
*
25
4
_
29
_
*
2
_
*
_
25
10
_
369
407
-
761
2,225
-
69
-
2,294
3,055
*
6
1
9
*
2
12
9
4
2
24
1
*
*
1
34
_
17
*
_
_
2
59
1
2
85
69
12
8
81
5
*
4
2
338
*
148
*
3
-
1
_
-
116
42
819
167
495
773
71
40
*
2
*
*
*
_
2
1
*
3
2
16
1
27
2
8
*
*
*
_
5
25
*
1
5
2
43
67
157
*
4
*
_
*
2
1
*
_
_
*
*
_
*
*
*
*
2
6
_
*
2
*
_
*
31
*
*
_
244
277
*
*
21
*
*
3
21
*
1
*
42
89
37
15
2
_
7
68
*
83
_
*
15
15
•*
*
*
*
4
4
_
_
1
1
*
_
1
_
1
2
2
18
3
21
-
*
*
479
1.258
1,353
203
40
5
11
499
74
_
_
_
_
_
-
_
45*
11
524 1,269
2
33
1
55
156
31
*
8
17
1
•*
4
1
41
145
_
4
1
•
*
•*
*
2
4
16
_
*
6
_
*
9
2
*
*
18
*
*
*
*
8
_
27
*
-
_
2
_
_
1
86
_
_
-
572
1,926
_
-
203
122
Treasury Bulletin
_____________________________________________CAPITAL MOVEMENTS_________ ______________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1975
(In millions of dollars)
Gross purchases by foreigners
Country
Domestic
Total
Marketable
purchases Treasury
bonds and
notes
securities
Gross sales by foreigners
Foreign securities
Corporate and
other
Bonds Stocks
Bonds
Stocks
Total
sales
Domestic
Marketable
Treasury
bonds and
notes
securities
Foreign securities
Corporate and
other
Bonds
Stocks
55
141
4
*
329
59
1
26
30
206
*
1
4
174
*
449
*
13
*
32
1
1
'123
55
1
5
79
*
*
3
2
76
_
297
Bonds Stocks
Europe:
Italy....................
Portugal..................
Sweden...................
Switzerland...............
United Kingdom.............
U.S.S.R..................
Canada.....................
Latin America:
Argentina.................
Bahamas
Chilp....................
Panama...................
Peru.....................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
66
855
31
98
1,501
1,513
49
248
1,029
147
14
70
138
4,816
3
5,081
*
72
9
78
1
2
160
103
2
32
85
56
*
4
13
310
*
1,836
2
_
*
15,730
18
5
1
93
48
233
*
*
43
40
*
*
93
45
498
39
_
*
1,154
2,962
77
-
29
131
11
4
6
*
144
162
8
10
95
31
985
434
45
1
*
*
*
*
399
2
2,050
449
*
*
*
-
2,695
33
579
19
1
1,044
1,001
46
159
776
43
12
59
23
3,966
2
1,978
*
29
_
•*
9,768
3
157
10
1
150
92
1
54
44
7
2
5
9
370
*
479
_
1
_
*
1,386
446
1,688
417
7
14
5
•*
*
6
95
*
2
11
5
66
6
16
101
6
1
4
*
72
55
1
6
45
17
441
386
6
5
*
3
1
-
-
2
36
*
*
99
85
*
3
82
1
*
2
*
126
_
290
_
1
_
727
99
793
21
80
1,363
999
38
225
659
268
14
53
107
3,529
2
4,645
*
91
*
1
12,986
953
16
_
*
2,590
334
5,972
394
319
1
10
*
*
*
4
3
»
*
3
1
10
28
60
21
193
17
2
4
294
138
2
6
52
16
1,023
462
*
*
*
26
•*
_
*
*
320
2
348
3
9
5
*
*
7
87
*
*
1
1
69
5
188
*
-
*
5
*
-
-
-
219
1.152
16
7
7
1
35
7
69
12
170
*
12
*
*
2
22
1
21
2
44
60
2
2
32
165
*
9
*
*
6
322
2
*
12
350
-..2*221
3
374
3
*
67
873
2
58
4
5,522
6,905
*
60
*
31
<2
46
*
1,837
1,976
*
*
1,760
1,796
2
274
*
*
15
438
*
7
1
1,881
_2,618
*
1
70
*
209
280
.
*
*
170
170
*
*
_
7
7
*
*
3
•*
27
. 31
*
*
_
4
4
*
66
_
*
67
*
*
58
•*
21
80
47
All other.................
8
Total other countries........
55
Total foreign countries........ 27,981
International and regional
...... .......
5,513
European regional...........
7
Latin American regional......
57
Asian regional.............
5
African regional...........
Total international and regional 5,582
Grand total................ '33362"
*
*
*
3,826
1
*
1
5,164
26
1
27
15,285
18
7
25
2,167
2
*
2
1,539
5,041
228
International
62
180
7
24
5
62
215
15,347
2,383
1
1
India....................
Japan....................
Philippines...............
Thailand..................
Other Asia................
Total Asia................
Africa:
Egypt....................
Morocco..................
South Africa...............
Zaire....................
Other Africa...............
Total Africa...............
Q;ther countries:
*
Less than $500,000.
-
-
31
5,072
87898
-
-
3
231
5^395
1,541
18
2
1
76
51
26
*
1
33
*
*
68
19
_
627
_
32
_
*
11
208
1
•*
437
1,419
3
24
3
124
2
2
79
109
1
34
101
22
*
2
13
193
*
1,888
22
495
14
2
781
749
35
159
417
39
23
46
21
3,067
2
1,384
*
30
*
*
*
7,278 1,492
14
95
5
2
3
_
66
41
1
5
44
15
463
406
1,159
3
77
*
*
*
_
194
9
1
1
5
*
4
27
321
10
7
*
/18
344
*
1
7
767
*
*
*
■*
257
2
16
40
315
2
70
*
*207
284
*
*
*
*
*
*
_
2
2
*
•*
3
*
18
21
193
1
194
24,036
*
*
12,012
7,875.
352
302
75
8,604.
*32,640
4,817
1
470
2,573
__
-
-
75
4,892
6,903
674
1,327 3,499 _
1
187
*
*
13
416
1
5
1
213
837
¥■
1
_
_
434 _
1
12
7
*
*
_
2
1
*
*
2
*
168
21
_
,
_
■*
9
*
*
4
331
2*
*•
4
349
*
*
_
55
_
1
56
*
*
|_3j382
180
11
■*
1
12
180
10,634 16,279
2
*
2
,r1,730
1,258
2
1,260
4,642
44 ‘1,757
352
225
_
75
__ 44 2,408
10,678 8,687
_
_
_
_
-
1,730
123
February 1977
CAPITAL MOVEMENTS.
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-1. - Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
1976
1975
Country
1972
1973
1974
Mar.
June
Sept.
1
21
*
*
47
22
*
24
10
2
*
5
1
90
*
57
*
1
_
*
281
*
13
*
*
20
16
1
12
9
1
*
9
1
78
*
54
*
1
_
*
27
26
1
13
10
2
*
8
1
105
*
38
*
1
_
249
27
1
10
*
*
28
22
3
10
7
2
*
7
*
86
*
37
*
1
_
*
*
10
•*
*
17
17
1
12
10
2
*
9
1
89
*
28
*
1
_
*
*
14
1
*
26
26
1
11
25
2
*
9
1
118
*
41
*
2
*
213
24
*
13
*
*
29
29
1
11
7
1
*
8
1
99
*
35
*
1
_
*
236
31
*
14
*
34
•*
10
*
*
29
23
1
13
8
1
*
7
1
92
*
57
*
1
_
*
242
28
213
23
197
16
279
29
43
3
9
*
•*
*
*
3
3
*
1
3
1
12
*
36
1
10
*
*
*
*
2
3
*
*
3
1
15
7
42
1
4
*
*
1
*
3
2
*
*
3
1
28
6
49
1
2
*
*
2
*
4
2
*
1
4
1
27
11
55
1
3
*
*
*
*
5
2
*
*
4
1
42
18
76
1
2
2
*
*
*
5
1
*
*
4
1
60
3
80
1
3
*
*
*
*
4
2
•*
•*
5
1
36
64
117
1
3
2
*
1
*
7
3
*
1
7
2
18
23
68
_
*
9
*
*
1
1
*
1
*
4
17
*
12
*
*
1
4
*
1
*
3
20
*
*
13
*
*
1
1
*
*
*
4
19
_
*
13
^ *
*
1
*
*
1
*
2
17
_
*
15
*
*
1
2
*
1
•*
5
24
_
*
18
*
*
1
4
*
1
■*
3
27
_
*
17
*
*
1
1
*
1
*
4
25
_
•*
22
*
*
1
1
*
5
*
4
33
_
*
20
*
*
1
2
*
2
*
4
30
*
*
*
*
1
1
*
*
*
*
*
1
*
*
*
*
*
1
*
*
1
•*
*
2
*
*
2
*
*
2
*
*
*
*
*
1
*
*
1
*
1
1
*
■*
*
*
1
1
*
*
*
*
3
4
1
*
1
*
*
*
372
372
*
•*
1
333
333
*
•*
1
306
*
306
1
*
1
349
*
*
1
380
380
1
*
1
343
343
1
*
1
364
364
1
*
1
1971
Dec.
Mar. p
Europe:
Belgium-Luxembourg..........
Italy....................
Netherlands...............
Norway...................
Spain............ .......
Switzerland................
United Kingdom.............
Other Eastern Europe........
Canada.....................
Latin America:
Chilp....................
Columbia.................
Panama...................
Other Latin American Republics..
Netherlands Antilles 2/......
Asia:
China, People’s Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India....................
Indonesia.................
Israel...................
Japan....................
Thailand..................
Africa:
Egypt....................
Morocco..................
South Africa...............
Zaire.......... -.........
Other Africa..............
0-frher cQU^ries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
.fii^ernati^a^ afldj^i,Qflal....
Grand total.................
*
14
*
■*
19
15
*
10
10
1
*
4
1
73
*
43
*
1
_
*
193
56
1
19
1
*
*•
*
4
2
*
1
2
3
10
*
311
311
1
!
-
349
¥■
410
1
411
Note: The reporting form covering this data series was discontinued with
accounts carried by foreigners.
the March 1976 report. Data represent the money credit balances (due
%/ Through December 31, 1972, Bermuda included with Bahamas,
to foreigners), that appeared on the books of reporting brokers and dealers g/ Through December 31, 1975, Surinam included with Netherlands Antilles,
in the United States, in accounts of foreigners with them, and in their
p Preliminary.
* Less than $500,000.
Treasury Bulletin
124
_______________________ CAPITAL MOVEMENTS______________________
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-2. - Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
1975
1976
Country
1971
Europe:
Belgium-Luxembourg......... .
Switzerland................
Yugoslavia... .......... .
Other Eastern Europe.........
Canada............. .... .
Latin .America:
Chile....................
Colombia........ .........
Cuba.... ........ ........
Mexico........... ....... .
Panama..».................
Peru.............. ...... .
Uruguay...... ..... .......
Other Latin American Republics..
Netherlands Antilles 2/.....
Other Latin America.........
Total Latin America...... .
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).....
Hong Kong........ ........
India...... ..............
Indonesia............. .
Israel...................
Japan....................
Korea... .................
Philippines... ........ .
Thailand... ........... .
Other Asia......... ........
Total Asia................
Afriea:
Egypt................. ......
Morocco...... ...........
South Africa...............
Zaire... .
Other Africa.......... .....
Total Africa...............
Other countries:
Australia..................
All other.............
Total other countries........
Total foreign countries..... .
In-frematiqnal and regional.....
Grand total............... .
*
6
*
*
18
23
1
9
12
*
*
5
1
42
*
37
*
1
*
155
54
1
21
1
*
*
*
5
4
*
*
4
1
1972
1973
*
11
■*
*
21
31
1
15
17
1
1
6
1
57
*
53
*
19
235
39
*
4
*
16
22
1
7
8
*
•*
5
1
35
*
29
1
129
30
Mar.
June
*
8
*
*
13
13
1
5
11
1
*
3
*
22
*
28
*
1
107
14
*
9
*
*
14
19
1
6
9
2
*
3
1
35
*
44
*
1
144
12
26
1
5
10
*
*
3
1
41
*
27
*
1
135
12
1
1
1
*
1
_
6
3
*
*
3
1
32
2
50
1
2
*
*•
1
_
5
4
*
*
3
1
37
2
56
1
3
1
*
1
_
7
7
*
*
4
1
11
8
42
1
1
1
*
1
_
7
3
*
*
3
2
38
2
58
*
20
*
*
1
3
*
1
*
5
30
*
29
*
*
1
9
*
1
*
9
50
*
12
*
*
12
1
*
*
2
*
*
*
1974
*
5
*
*
12
1±
1
4
8
*
*
3
*
21
*
26
1
93
IT”
1
3
1
*
2
8
5
*
*
4
2
42
22
92
2
6
2
*
2
_
6
4
*
*
4
2
17
16
60
*
31
*
*
1
6
*
2
*
10
51
*
35
*
*
1
5
*
5
*
10
56
_
*
37
*
*
1
5
*
4
*
11
59
*
1
*
1
1
*
*
1
*
*
1
*
*
1
*
*
1
*
*
1
*
1
2
*
*
*
1
*
1
*
*
*
1
*
1
1
•*
193
-
209
-
. 249
-
319
193
209
249
258
258
•*
52
55
-
*
59
*
*
3
5
*
*
1
5
73
-
-
*
40
*
*
3
4
*
1
*
4
53
*
25
*
*
1
4
*
*
-*
5
36
*
20
*
*
1
1
*
1
*
4
27
*
*
*
•*
*
1
*
1
*
1
2
*
*
1
314
-
314
-
1
*
1
405
405
*
*
1
1
1
1
1
231
-
231
Note: The reporting form covering this data series was discontinued with
the March 1976 report. Data represent the money debit balances (due
from foreigners), that appeared on the books of reporting brokers and
dealers in the United States, in accounts of foreigners with them, and
in their accounts carried by foreigners.
Mar. p
*
13
1
*
20
34
1
5
13
1
*
4
1
57
45
*
1
195
16
1
4
1
*
1
_
6
5
*
*
4
1
6
5
34
-
1/
2/
p
*
*
6
*
Dec.
*
14
*
13
26
1
7
12
*
*
3
*
46
*
30
*
1
155
17
3
15
1
*
1
*
10
6
*
*
6
2
12
•*
14
Sept.
¥■
13
_
-
319
1
333
_
333
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles,
Preliminary,
x.egg -t-.ha-n $500 000.
*
February 197 7
-
125
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
■
Section II - Federal Credit Programs
Table GA-II-1. - Direct Sales and Repurchases of Loans
(In millions of dollars)
Fiscal year
or month
Export-Import
Bank of the
United States
Total
Sales
Repur
chases
Sales
Repur
chases
1968........
1969........1970........'
1971........
1972........
1973........
1974... -...
1975........
1976........
T.Q........
1,070
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
2,759
213
428
842
305
781
330
1,141
1,559
1,281
422
1975-Dec'......
1976-Jan.....
Feb.....
Mar......
Apr........
May.....
June.......
July....
Aug.....
Sept.....
Oct.....
Nov......
Dec........
263
1,240
431
1,845
1,397
1,919
1,031
433
1,716
610
1,142
508
789
63
498
120
56
144
28
38
75
120
227
93
75
16
91
379
406
269
248
145
21
• 21
160
*
1
50
*
4
28
26
-
261
4
187
20
3
2
104
*
50
*•
50
2
-
Fiscal 1977 to
date........
2,439
_
Housing and Urban Development Department
Farmers Home
Administration
Sales
974
959
1,668
2,005
2,430
3,324
2,172
6,415
4,247
1,070
*
907
*
506
501
314
18
400
450
220
600
14
500
Repur
chases
174
405
569
287
574
284
1,105
1,524
1,148
414
61
496
68
52
91
26
34
73
117
224
93
71
12
176
1,114
'
%/ Includes college housing, elderly housing, and public facility loans.
* Less than $500,000.
184
Government
National MDrtgage Office of Secretary
Association
i/
Sales
Repur
chases
_
Sales
Repur
chases
_
-
-
-
-
-
_
-
-
-
-
-
2,300
1,501
1,232
6,963
1,592
-
263
332
261
1,339
879
1,493
910
33
1,265
294
540
482
210
- :
1,232
—
-
- '
-
—
.
_
_
_
_
_
_
-
Small Business
Administration
Sales
Repur
chases
*
*
_
30
_
_
_
_
_
-
15
6
*
2
1
3
3
*
*
*
*
-
Veterans
Administration
Sales
2
*
38
244
368
488
209
163
294
96
-
Repur
chases
24
17
12
12
19
25
30
32
29
*6v
-
_
*•
-
120
_
13
84
77
_
_
96
2
12
79
2
2
2
3
3
2
3
2
2
2
_
4
4
_
*
93
8
_
_
_
126
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
March 1976 through February 1977
page numbers
Issues and ;
1976
1977
Sections
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Article:
V
V
V
V
V
V
V
V
V
IV
V
V
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
10
11
10
11
10
11
10
11
12
10
11
12
10
11
12
10
11
12
...
12
10
11
12
13
10
11
...
...
10
11
...
...
10
11
12
...
16
...
...
13
14
Federal.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).......................
Selected accrual data reported by Federal agencies....
Detail of excise tax receipts.....................
Summary of internal revenue collections by States
and other areas..............................
Feder^..pb]lgatipns..............................
12
14
15
...
13
...
15
...
14
...
15
...
14
...
14
...
13
Account of
U.iS. Xrsasura;:
Status of the Account of the U.S. Treasury...........
Analysis of changes in tax and loan account balances...
Gold assets and liabilities of the Treasury..........
16
17
18
16
17
18
18
19
20
17
18
19
18
19
20
17
18
19
17
18
19
16
17
18
19
20
21
13
14
15
16
17
18
17
18
19
Currency and Coin in Circulation..................
19
19
21
20
21
20
20
19
22
16
19
20
20
20
22
21
22
21
21
20
23
17
20
21
20
21
20
21
22
23
21
22
22
23
21
22
21
22
20
21
23
24
17
18
20
21
21
22
21
22
21
22
23
24
22
23
23
24
22
23
22
23
21
22
24
25
18
19
21
22
22
23
23
24
25
26
23
24
25
26
25
26
27
28
24
25
26
27
25
26
27
28
24
25
26
27
24
25
26
27
23
24
25
26
26
27
28
29
20
21
22
23
23
24
25
26
24
25
26
27
27
27
29
28
29
28
28
27
30
24
27
28
...
29
...
31
••• •••
29
29
31
33
34
31
32
30
31
35
36
30
31
30
31
33
34
32
33
26
27
33
34
30
31
34
37
35
34
39
34
34
37
36
30
37
34
38
41
39
38
43
38
38
41
40
34
41
38
42
45
42
41
46
41
41
44
43
37
44
41
46
49
46
45
50
45
45
48
47
41
48
45
48
51
48
47
52
48
48
51
50
44
51
50
52
55
51
50
55
51
51
54
53
47
54
53
66
69
55
54
59
55
56
59
58
52
59
58
68
71
57
56
62
58
59
62
61
55
62
61
68
69
71
71
72
74
57
58
60
56
57
59
62
63
65
58
59
61
59
60
62
62
63
65
61
62
64
55
56
56
62
63
65
61
62
64
...
75
...
...
...
...
...
...
...
65
66
...
Federal debt:
Summary of Federal debt.........................
Computed interest charge and computed interest rate
on interest-bearing public debt..................
Interest-bearing public debt......................
Maturity distribution and average length of market
able interest-bearing public debt................
Government account series........................
Interest-bearing securities issued by Government
agencies...................................
Participation certificates.......................
Debt subject to statutory limitation...............
Status and application of statutory limitation........
Treasury holdings of securities issued by Government
corporation and other agencies..................
Description of securities of Government corporations
and other business-type activities held by the
Treasury...................................
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding......................
Offering of bills..............................
New money financing through regular weekly Treasury
bills......................................
Offerings of public marketable securities other than
regular weekly Treasury bills...................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations....
Allotments by investor classes on subscription for
public marketable securities....................
Disposition of public marketable securities other
than regular weekly Treasury bills...............
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.........
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries...................................
United States savings bonds:
Sales and redemptions by series, cumulative..........
Sales and redemptions by periods, all series
combined...................................
Sales and redemptions by periods, Series E through K...
Redemptions of matured and unmatured saving bonds.....
Sales and redemptions by denominations, Series E and
H combined.......... -........................
Sales by States, Series E and H combined............
...
29
... ...
127
February 1977
_ CUMULATIVE TABLE OF CONTENTS _
March 1976 through February 1977—Continued
Issues and page numbers
1976
Sections
1977
June
J u ly
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
61
60
66
62
63
66
67
59
66
65
77
78
79
62
63
64
61
62
63
67
68
69
64
65
66
67
68
69
68
69
70
67
68
69
...
...
...
...
...
...
60
61
62
...
63
64
65
73
...
...
66
67
68
72
83
85
87
89
72
74
71
73
77
79
80
82
71
73
73
75
74
76
66
68
73
75
76
78
86
90
75
74
80
83
74
76
77
69
76
79
87
91
76
75
81
84
75
77
78
70
77
80
Mar.
Apr.
May
72
76
73
74
75
United States savings notes:
.QmersMp of Federal
D is trib u tio n by classes of investors and types of
Estimated ownership by private in vesto rs................................
Treasury survev of ownership............................................................
Treasury survey - commercial bank ownership..............................
M^k§.t„guotatiQfts on,.Treasury sgcuyltiss,:
End-of-month closing quotations................................. .............. ,
Chart - Yield s o f Treasury s e c u ritie s ......................................
Average yie ld s of long-term bonds:
Average yie ld s of long-term Treasury, corporate, and
municipal bonds................................................................................
Chart - Average y ie ld s of long-term Treasury,
corporate, and municipal bonds....................................................
Exchange S ta b iliz a tio n Fund:
Balance sheet.....................................................................................
Income and expense............................................................................
National bank reports:
Operating Income and Expense, and dividends of National
Banks Calendar Year 1975........................
In te rn a tio n al fin a n c ia l s ta tis tic s :
U.S. reserve assets..........................................................................
U.S. liq u id and other l ia b ilit ie s to foreign
o f f ic ia l in s titu tio n s , and liq u id lia b i l i t i e s to a l l
other fo re igners.............................................................................
U.S. liq u id and other l ia b ilit ie s to o f f ic ia l
in s titu tio n s of foreign countries by area...........................
Nonmarketable U.S. Treasury bonds and notes issued
to o f f ic ia l in s titu tio n s of foreign countries....................
U.S. p o sitio n in the Intern atio n al Monetary Fund................
Weighted average o f exchange rate changes fo r the
...
...
92
93
...
...
82
83
...
...
78
79
...
...
78
79
...
76
80
79
71
80
81
77
81
80
72
81
83
87
78
82
81
73
82
84
88
94
77
77
84
85
89
95
78
78
85
86
76
90
96
79
79
86
91
92
97
98
80
81
80
81
87
88
88
89
79
80
83
84
82
83
74
75
83
84
85
86
93
99
82
82
89
90
81
85
84
76
85
87
96
102
85
85
92
93
84
88
87
79
88
90
Cap it almovfements:
L ia b ilit ie s to foreigners reported by banks in the
Claims on foreigners reported by banks in the United
104
110
93
93
100
101
92
96
95
87
96
98
110
116
99
99
106
107
98
102
101
93
102
104
114
120
103
103
110
111
102
106
105
97
106
108
120
129
126
135
109
118
109
118
116
125
117
126
108
117
112
121
111
120
103
112
112
121
114
123
Foreign currencies acauired bv the U.S. Government
without payment, of d o lla rs :
Foreign currency transactions, summary and country uses
Foreign currency transactions, U.S. uses and tru s t funds
...
138
139
...
...
...
...
...
...
123
124
...
...
...
Financial operations of GovemmenjL_agencie_s and ...funds,:
Government corporations and other business-type
a c t iv it ie s :
Statements of fin a n c ia l condition..........................................
Statements of income and retained earnings........................
135
...
121
...
•..
...
159
160
171
147
120
121
119
120
123
L ia b ilit ie s to foreigners by nonbanking
Claims on foreigners reported by nonbanking concerns
Transactions in long-term secu rities by foreigners
reported by banks and brokers in the United States..........
Foreign cre d it and debit balances in brokerage accounts
141
...
•••
...
114
115
123,
125
••♦
...
Federal credit programs:
D ire ct and guaranteed loans outstanding..............................
Tru st funds:
C i v il Service Retirement and D is a b ility F u n d ...............
Federal Old-age and Survivors Insurance Trust Fund........
Federal D is a b ility Insurance Tru st Fund..............................
Federal Hospital Insurance Trust Fund..................................
Federal Supplementary Medical Insurance Trust Fund........
Unemployment Trust Fund..............................................................
National Service L ife Insurance Fund....................................
Investments of specified tru s t accounts.'...........................
167
168
169
171
172
173
174
176
177
...
...
...
...
...
...
...
...
...
148
149
150
152
153
154
155
157
158
127
.. •
...
...
...
...
...
128
...
129
130
131
133
134
135
136
138
139
. •.
...
...
...
...
...
...
125
...
126
127
128
•••
•••
•♦•
130
131
132
133
135
136
...
...
•••
•••
...
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