Full text of Treasury Bulletin : January 1973

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

L
r

OCT

•

TMENT

January 1973

TT
•*
II

II

E
'^r"!:!!!:

!ll!!i!i

'HmhI

!!"

jiiiiuiinnniinnnniinn"^''iiN"'«":"::;
'•:''"-::-!Mi;!!:i';iil|iiii|

hii':'

'.-iT

:

r

r
II

II

The Treasury Bulletin

is for sale by the
Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $13.50 domestic, $17.00 foreign.
Single copy price varies.

January 1973
CONTENTS
Article

-

Treasury Financing Operations

y

FEDERAL FISCAL OPERATIONS
FFO-1.

-

FFO-2.

-

Chart

-

FFO-3.
FFO-4.

-

FFO-5.
FFO-6.

FFO-7.
FFO-8.

-

-

-

-

Summary

of Fiscal

-

1

Budget Receipts by Principal Sources
Budget Receipts by Principal Sources
Budget Outlays by Agencies

2
^

Undistributed Intrabudgetary Transactions

g
7
9

c

Budget Outlays by Major Function
Investment Transactions of Government Accounts in Federal Securities
Trust Funds Transactions
Loan Disbursements and Repayments, Net Lending, and

Loan Balances

FFO-9.

Operations

...

Federal Credit Programs
Detail of Excise Tax Receipts
of

10
12

13

FEDERAL OBLIGATIONS
FO-1.

-

FO-2.

-

Gross Obligations Incurred Within and Outside the Federal Government
by Object Class
Gross Obligations Incurred Outside the Federal Government

by Major Function and Major Object Class
FO-3.

-

15

Gross Obligations Incurred Outside the Federal Government

by Department or Agency
FO-4,

-

16

17

Gross Obligations Incurred Outside the Federal Government

Comparative Stateme:

t

by Months

18

ACCOUNT OF THE TREASURER

,

U.S.

•

Status of the Account of the Treasurer, U.S

20

TUS-2.
TUS-3.

21

-

TUS-4.

-

Analysis of Changes in Tax and Loan Account Balances
Summary of Cash Transactions through the Account of the Treasurer, U.S.
Gold Assets and Liabilities of the Treasury

TUS-1.

MONETARY
MS-1.

-

Money

22
22

STATISTICS

in Circulation

23

FEDERAL DEBT
FD-1.

-

FD-2.

-

Summary of Federal Debt
Computed Interest Charge

24
a^.d

Computed

on Interest-Bearing Public Debt

Interest Rate

24

Treasury Bulletin

//

CONTENTS
25

FD-4.

Interest-Bearing Public Debt
Maturity Distribution and Average Length of Marketable

FD-5.

Interest-Bearing Public Debt
Special Public Debt Issues

25
26
27
28
29
^^

FD-3.

Interest-Bearing Securities Issued by
Participation Certificates

FD-6.
FD-7.
FD-8.

Government Agencies

Debt Subject to Statutory Limitation
Status and Application of Statutory Limitation Limitation
Treasury Holdings of Securities

FD-9.
FD-10.

31

,

PUBLIC DEBT OPERATIONS
Maturity Schedule of Interest-Bearing Marketable
Public Debt Securities
Offerings of Treasury Bills

PDO-1.

PDO-2.
PDO-3.
PDO-4.
PDO-5.
PDO-6.

Financing through Regular Weekly Treasury Bills
Offerings of Public Marketable Securities
Unmatured Marketable Securities Issued at a Premium or Discount
Allotments by Investor Classes on Subscriptions for
Public Marketable Securities
Disposition of Public Marketable Securities
Foreign Series Securities
Foreign Currency Series Securities

32
33
35
38

New Money

PDO-7.
PDO-8.
PDO-9.

...

41

43
46
50
60

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

SB-1.

SB-2.
SB-3.

SB-4.

'

Redemptions

of

Matured and Unmatured Savings Bonds

62
62
63
35

UNITED STATES SAVINGS NOTES
Sales and Redemptions by Periods

SN-1.

66

OWNERSHIP OF FEDERAL SECURITIES
OFS-1
OFS-2.

•

'

Distributions of Federal Securities

Estimated Ownership of Public Debt Securities

67
68

TREASURY SURVEY OF OWNERSHIP
TSO-1.

'

Summary

of Federal Securities

69

III

January 1973
/

CONTENTS

^y

Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
Interest-Bearing Marketable Public Debt Securities

by Issue
Interest-Bearing Nonmarketable Public Debt Securities by Type
Securities Issued by Government Agencies
Securities Issued by Government-Sponsored Agencies and D.C

70
70
72
72
73

MARKET QUOTATIONS ON TREASURY SECURITIES
76
76
^^
78

Treasury Bills
Treasury Notes
Treasury Bonds
Yields of Treasury Securities

AVERAGE YIELDS OF LONG-TERM BONDS
Average Yields
Average Yields

of
of

Long-Term Treasury, Corporate and Municipal Bonds
Long-Term Treasury, Corporate and Municipal Bonds

79
80

EXCHANGE STABILIZATION FUND

0,0,^
Balance Sheet

81

-

-

Income and Expense

82

INTERNATIONAL FINANCIAL STATISTICS
-

-

-

U.S. Reserve Assets
U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions,

-

U.S. Net Monetary Gold Transactions with Foreign Countries

CAPITAL

MOVEMENTS BETWEEN

LIABILITIES
-

U.S.

AND FOREIGN COUNTRIES

TO FOREIGNERS REPORTED BY BANKS

Short-Term Liabilities by Type of Foreign Holder
Short-Term Liabilities by Type of Liability

-

-

Long-Term

-

Liabilities

by Type

-

U.S.

91

Short-Term Liabilities by Country
Short-Term Liabilities, by Type and Country
Short-Term Liabilities, Not Regularly Reported Separately

-

85
86
87
88

IMF

U.S. Position in the

-

84

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

-

83

92
94
95
96
97

Treasury Bulletin

ly
CONTENTS

go
CM-I-7.

Long-Term

-

Liabilities

by Country

CLAIMS ON FOREIGNERS REPORTED BY BANKS
CM-II-1.

-

CM-II-2.

-

CM-II-3.

-

CM-II-4.

-

CM-II-5.

-

CM-II-6.

-

-

U.S.

^^

Short-Term Claims by Type
Short-Term Claims by Country
Short-Term Claims, by Type and Country
Long-Term Claims by Type

100
101

j

102
103
104

Long-Term Claims by Country
Long-Term Claims, by Type and Country

LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING
Liabilities by Type
CM-III-1.
Short-Term Liabilities by Country
CM-III-2.
Short-Term Liabilities, by Type and Country
CM-III-3.
Long-Term Liabilities by Country
CM-III-4.

CONCERNS

-

U.S.

105
106
107
108

-

-

-

-

CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS
CM-IV-1.

-

CM-IV-2.

-

CM-IV-3.

-

CM-IV-4.

-

-

U.S.

Claims by Type

109

Short-Term Claims by Country
Short-Term Claims, by Type and Country
Short-Term Liquid Claims Reported by Large Nonbanking Concerns

HO
HI
112

by Type
CM-IV-5.
CM-IV-6.

CM-IV-7.

-

-

-

Short-Term Liquid Claims Reported by Large Nonbanking Concerns
by Country
Short-Term Liquid Claims Reported by Large Nonbanking Concerns,

112
113

by Type and Country
Long-Term Claims by Country

114

^

TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.

-

CM-V-2.
CM-V-3.

-

CM-V-4.

-

CM-V-5.
CM-V-6.
CM-V-7.

-

-

-

Foreign Purchases and Sales

of

Long-Term Domestic Securities

115

H^
Foreign Purchases and Sales of Long-Term Foreign Securities
116
Net Foreign Transactions in Marketable U.S. Government Bonds and Notes
Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes. 117
118
Net Foreign Transactions in Long-Term Domestic Bonds
119
Net Foreign Transactions in Domestic Stocks by Country
•

Net Foreign Transactions in Long-Term Foreign Bonds by Country
CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
CM-V-9.
Foreign Purchases and Sales of Long-Term Securities, Latest Date
Foreign Purchases and Sales of Long-Term Securities, Latest Year
CM-V-10.
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS

120

CM-VI-1.

-

CM-VI-2.

-

124
125

-

-

-

Foreign Credit Balances (Due to Foreigners)
Foreign Debit Balances (Due from Foreigners)

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
FEDERAL CREDIT PROGRAMS
GA-III-1.

-

Direct Sales and Repurchases of Loans

Cumulative Table
Note:

of

Contents

DetaiU of figures may not add

121

122
123

AND FUNDS
126
127

to totals

because of rounding.

11

January 1973
Treasury Financing Operations

Cash Offerings

interest coupons attached, and securities

registered as to

On December lA the Treasury announced that it would sell

principal and interest were authorized to be issued in denom-

to the public at auction under competitive and noncompetitive

inations of $1,000, $5,000, $10,000, $100,000 and $1,000,000.

bidding, $2.0 billion of 5-7/8^ Treasury Notes of Series F-1974

Commercial banks
dated December 28, 1972, and to

to be

mature December 31,

1974.

forth in such tenders.
Tenders

for the notes were

EST, December 20, 1972,

tenders for account of

Others than commercial banks were not

permitted to enter tenders except for their own account.

and totaled $5,690 million of which

$2,102 million was accepted

at prices ranging from 100.29,

yield 5.72^, down to 100.05,

tenders for

received until 1:30 p.m.,

could submit

their customers provided the names of the customers were set

yield 5.85$Z.

$200,000 or less

Tenders were received without deposit from commercial and
other banks for their own account. Federally-insured savings

Noncompetitive

were accepted in full at the

average price of accepted tenders, 100.09, yield 5.83^.

These

totaled $439 million.

and loan associations. States, political subdivisions or in-

strumentalities thereof, public pension

and retirement and

other public funds, international organizations in which the
United States holds membership, foreign central banks and for-

Payment for the notes was required to be made or completed
on or before December 28, 1972,

in cash or other funds immed-

iately available to the Treasury by that date.

Payment could

be made through Treasury tax and loan accounts.

eign States, dealers who make primary markets in Government
securities and report daily to

the Federal Reserve Bank of

New York their positions with respect to Government securities
and borrowings thereon,

and Government accounts.

Tenders

On December 27 the Treasury announced that it would sell

from others were required to be accompanied by payment of

to the public at auction under competitive and noncompetitive

percent of the face amount of notes or bonds applied for.

bidding, $625 million of 6-3/4^
be dated

Treasury Bonds of 1993, to

All bidders were

5

required to agree not to purchase or

January 10, 1973, and to mature February 15, 1993,

sell, or to make any agreements with respect to the purchase

and that all tenders accepted would be awarded at the price

or sale or other disposition of the notes bid for at a specif ic

of the lowest accepted tender.

rate or price, until after

This "uniform-price" method

1: 30 p.m.

,

EST, December 20, 1972.

of making awards provided an incentive to bid at prices suf-

The same type of agreement applied in the case of the bonds

ficiently

until 1:30 p.m., EST, January 4, 1973.

high to be sure

each bidder that

of awards,

if he bid at

while also assuring

a price within the range of

accepted prices he would be awarded bonds at the same price
as every other successful bidder.

Tenders for

the bonds were

EST, January 4, 1973,

loans, or

loans collateralized

in whole or in part by the

securities bid for, to cover the deposits required to be paid
received until 1:30 p.m.,

and totaled $1,749 million

of which

$627 million was accepted. Noncompetitive tenders for $250,000

or less were accepted in full and these totaled $81 million.
The price paid on all accepted tenders was the lowest price

accepted, 99.50, yield 6.79^.

Payment for

Commercial banks were prohibited from making unsecured

when tenders were entered, and they were required to make a
certification to that effect.

Other lenders were requested

to refrain from making such loans.

Regular Monthly Bills

On December 18 tenders were invited for $1,800 million,
or thereabouts, of 352-day Treasury bills to be dated Decem-

the bonds was required to be made or com-

ber 31, 1972, and to mature December 18, 1973.

This issue

pleted on or before January 10, 1973, in cash or other funds

was to refund $1,700 million of bills maturing December 31.

immediately available to the Treasury by that date.

Tenders were opened December 26.

Tenders were received in both auctions at Federal Reserve

Tenders received totaled $3,176 million, of which $1,800

banks and branches and at the Office of the Treasxirer of the

million was accepted, including $30 million of noncompetitive

United States in Washington, D. C.

tenders.

Bearer securities, with

The average bank discount rate was 5.^37 percent.

Treasury Bulletin

VI

Treasury Financing Operations

13-Week and 26-Week Bills
Issues of

regular weekly

totaled $17.2 billion,
bills.

Treasury bills

replacing $16.5 billion of maturing

There were four 91-day issues

four 182-day issues of $1.9 billion.

of $2.4 billion and

Average rates for the

new issues are shown in the following table.

13 -week

(Additional amount of
original maturity of

in December

-

(Continued)

January 1973
.FEDERAL FISCAL OPERATIONS.
Table FFO-1.

-

Summary

of Fiscal Operations

(In millions of dollars)

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.

-

Budget Receipts by Principal Sources
*

In millions or dollars')

Income taxes

Fiscal year
or month

Net
budget
receipts

Corporation
Withheld

1963
1964
1965
1966
1967
1968
1969
1970
1971
1972

106,560
112,662
116,833
130,856

1973 (Est.)

223,000

U9,

552

153,671
187,784
193,743
183^322
208,649

38,719
39,259
36,840
42,811
50, 521
57,301
70,182
77,416
76^490
83,200

1971 -Nov
Dec

I4,933r
17,213

7,234r
6,823

1972- Jan
Feb

17,596
15,239
15,237
24,534
17,275
25,589

6,627

15,207
18,213
22,183
16,748

7,052
8,175
7,305
7,187
8,425

87,089

38,14..

Mar
Apr
May
June
July
Aug
Sept
Oct
Nov

Fiscal 1973 to
date

U,738

7,581
7,783
6,599
8,141
8,020

Net
total

Other

U,269
15,331
16,820
18,486
18,350
20,951
27,258
26,236
24^262
25,679

264
379

4,3i8
682

5,400
5,893
4,869
5,851
7,845
9,527
10,191
13,240
14.522
14,143

Refunds

47, 538

22,33')

48,697
48,792
55,446

24.301
26,131
30,334
34,913
29,897
38,338
35,037
30j320
34,926

757
308
670
761
946
1,232
1,660
2,208
3,535
2,760

61, 526

68,726
87,249
90,412
86j230
94,737
95,500

69,167
72,139
74,253
35,519
95,497
97,390
123,927
123, 241
113,015
126,903

36,000

131,500

218
138

10,944
6,846
3,905
11,965
6,557
11,054

1,228
878
4,995
5,145
967
8,452

158
212
273
250
234
185

1,070
666
4,722
4,895

1,258
855
5,289
1,287
853

187
190
324

1,071
665

69

7,355
8,380
11,005
7,595
8,613

627

42,948

1

8,650
1,413
3,704
548
362

245
157

3,794
469
257

95
61

7,44 3r
7,096

Net total
income
taxes

21,579
23,493
25,461
30,073
33,971
28,665
36,678
32,829
26,785
32.166

730
5,064

55

106

1,416
5,200
3,284
2,997
670

1,32"3

Gross

Net
total

512

4,927

733

8.26"

7,955r
12,023
12,014
7,512
8,628
16,860
7,290
19,321

323
294

4,965
965
559

8,426
9,045
15,969
8,560
9,172

1.319

3.224

51,173

January 1973
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.

-

Budget Receipts by Principal Sources
(In millions of dollars)

-

(Continued)

Treasury Bulletin

4
.

FEDERAL FISCAL OPERATIONS

(A

e
o

«

is

E
goo

11
«™
O

QJ

X

(D

e/ji—
I

.

.

January 1973
.FEDERAL FISCAL OPERATIONS.
Table FFO-3.

-

Budget Outlays by Agencies

(In millions of dollars)

Defense Department
Fiscal year
or month

Legislative
Branch

1963

The
Judiciary

Executive
Office
of the

President

61

196-;

H8

1965
1966
1967
1968
1969
1970
1971
1972

162
181
240
255
277

Funds appropriated
to the
President

23
23
24

64
73

76
86

3,201
3,694
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269

26
28
28

91

Agriculture Department

Commerce
Department

Health,
Education,

Military

7,333
7,458
6,795
5,513
5,841
7,307
8,330
8,307
8,560
10,943
11,100

3,660
4,302
4,749
4,670
726
807
854
1,028
1,188
1,250
1,400

48,140
49,573
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
75,900

1,094
1,120

92
90

117
98
115
104

& Welfare
Department

1,103
1,130
1,211
1,278
1,310
1,300
1,268
1,211
1,376
1,530
1,800

6,386

20,249
21,695
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779

Housing &
Urban Development
Department

-333

Interior
Department

80,700

2,856
2,777
4,140
1,529
2,603
2,890
3,642
3,800

1,400

4,153
4,044
3,532
109
286
272
475
356
923
10,033
9,700

143
120

5,761
5,571

215
340

48

96
70

799

5,967
6,107
6,872
6,507
6,871
8,264

121
99
95
110
120
219

5,897
6,013
6,179
5,946
6,189
8,211

389
276
277
-75
449
433

5,456
6,013
6,271

513
623
358

-988
177

109
128

384
487

142
173

1973 (Est

500

200

1971-Nov.

30
50

13

241r

Dec.

17

387

1972-Jan.

44

13

Feb.
Mar.
Apr.

50

14

36

1,040
636
354

33
37

15
15
17

53

16

316
276
388
291
256
845

July

35

-8

Aug.

48
37

13
13

2,688
1,532
403
1,083
681

89
147
103

5,193
5,662

5,204

109
140
185

115
100

6,066
6,250

186
162

7,044
7,037

158
353

-309

6,386

554

28,375

782

31,820

2,006

May.
June

Sept,
Oct.,
Nov,

39
47

Fiscal 1973
to date.
.

36
47
55

4,000

15

298
257
300

17

367

H

97
440
588

1,213

73

5,979r

110
145

Labor
Department

300
b85
694
661
432
235
837
1,136
225
1,256
-1,500

283
665

3-40

31

Justice
Departs
ment

313
325
355
366
403
430
515
640
916
1,180

81

91
83

124

129
123
106

83

113

84
150

107

712

901
942
1,053
906
940
998

108
107
131

851

78

130
126

605
662

-1,034

602

3,526

9

799
609

.

Treasury Department

Fiscal year
or month

State

"Transpor-

Depart-

tation
Department

ment

1/
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972

,

1973 (Est.

1971-Nov.
Dec.

1972-Jan.
Feb.
Mar.
Apr.
May.

June

July
Aug.
Sept
Oct.,
Nov.,

Fiscal 1973 to
date

Atomic
Energy
Other

Commissior

Environ-

General
mental
Service!
Protection
Admin.
Agency

National
Aeronautics
& Space
Admin.

United
States
Postal
Service

Veterans
Administration

Other
independent
agencies

Undistribul^
ed intrabudgetary
transactions

Total

2/

ao
a9

719
742
785
793
5,428

424
437
448
468
568

5,732
5,970
6,417
7,247
7,531

9,895
10,666
11,346
12,014
13,391
14,573
16,588
19,304
20,959
21,849

600

8,200

23,100

7,500

2,400

1,500

100

2,552
4,171
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,200

43
58

688
693

1,800
1,855

131
-81

198
212

61

65
58

286
285

112
-5

818
893

601
793

-341r
-2,332

18,932r
17,484

34
27

599
479
529
488
549
662

1,874
1,771
1,811
1,813
1,794
1,856

18

183
202
210
201
211
330

65
55
63
62
59

44
36
73
42
42
62

259
276
310
238
270
292

107
171
131
117
38
416

1,020
861
1,042
926
970
906

560
460
704
665
613
837

-277
-385
-293
-308
-371
-2,402

19,469
18,764
20,32"

749
804
738
814
730

1,872
1,867
1,911
1,933
1,934

289
289
273

-59
189
49

882
855
831

651

-252

271
272

54
99

893
1,276

1,001
930
760
798

-409
-276
-276
-353

18,591
20,581
18,471
20,055
21,165

408
347
384

,

Interest
on public
debt 2/

51

44
37
10

116
53

43
70
50

333

3,835

9,517

-150
-114

82
336
206
31
275

2,758
2,763
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,392

701
763

425
446
501
589

87

a3
-327

85
89

138
125
13

-10
-3

80

-213
164

17

319
361
300
-242
131
413

53

184

146
199
171

43
83

101
89
54'

191
187

74
71

48
54

394

Source: See Table FFO-1.
Note:
Outlays consist of disbursements less proprietary receipts from the
public and certain intrabudgetary transactions. Above table has been
revised to reflect the elimination of the distinction between the loan
account and the expenditure accoxmt;
see note to Table FFO-1. Agency
shifts are shown in this table beginning with the period of such shifts
figures prior to the shifts have not been adjusted.

83

355

345

1/
2/

2/

^
r

1,393

770
578
805

5,499
5,660
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710

2,839
2,864
3,559
4,197

888
1,141
1,080
920
1,510
2,183
1,772
1,400

11,800

5,413
6,257
3,970
5,736
6,696
S,114
8,MD0

332

4,737

4,139

-2,644
-2,877
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,600

-1,565

111,311
118,584
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,875
250,000

18,

'.o-"

19,9tt
23,202

98,864

Figures prior to fiscal 1967 represent expenditures for the Federal
Aviation Agency.
Reported on an accrual basis.
For content see Table FFO-4.
Includes $700 million estimate for special allowances for pay raises
and contingencies.
Revised.
p
Preliminary.

V

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-4.

-

Undistributed Intrabudgetary Transactions
(

In millionE of dollarE

}

January 1973
.FEDERAL FISCAL OPERATIONS.

E U

O

QJ

>

8
.FEDERAL FISCAL OPERATIONS.
J-

•a

v
9
S

*^

a
o

O
a

o
u
O
s

'*»

o

09

3

o
T3
PQ

O
III

-s

»

u-\

. ..

January 1973
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.

Investment Transactions of Government Accounts in Federal Securities (Net)

-

milUnno

fTn
Hpalt.h.

Fiscal year
or month

Federal
Old-Age and
Survivors
Insurance
Trust Fund

FdiicntiOTi

Federal
Disability
Insurance
Trust Fund

-858

-129
-137
-263
-413

3,7a

296

-822
692

1963
1964
1965
1966
1967
1968
1969
1970
1971

-;58

1,584
2,898
3,953
1.274
1,827

,

1972

786
497

591
,

342

1,263
934

1973 (Est.)...

1971-Nov
Deo

-47
30

1972 -J an
Feb

-459
1,033

July
Aug
Sept
Oct
Nov
Fiscal 1973 to
date

Fiscal year
or month

531

1,613
-208

,

,

,

-90
1,523
-1,607
3.044
-557

2,3U

Transportation
Department

n.a.

n.a.

129

-104
312

-51

-119

116
112

33
-59

80
154
290

-155

4

-143

82

137

12

-7

Mar
Apr
May
June

87
590
693
377
-Hi,

479
-197
77
-345
244
221

Other

Federal
Housing
Administration

74

-1

1

-89

-1

-151

282

-612

91

44

National
Service
Life Insurance
Fund
-90
69

-4

117

124

1972-Jan..
Feb..
Mar,

9
272

3

4

66

-231
168
-236

-10
-103
-59

S4

15
-7

-83

2

-10
-1

-53

3

-1

-18

-225

138

18

1,375

228

7
12

2

659

-7
-2
-3

4

1.302
-255
-74
-30
-21

11

65
-39
328
-23

205

921

42

Nov.

Fiscal 1973 to
date

5

-5
1, 3''0

85
83
62

-86
75
19
-93
109

25

4
-1

-30

29

1,143
1,189
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123

n.a.

-1

6

40
-70
122
29
14
20

4
8

Source:
See Table FFCi-2.
Note:
Revised estimates were not available for this table.
*
Less than $500,000.

1,313
-143
-364

-1

830
-198
-233
332

-1

155

366

Other independent agencies

Civil
Service
Commission

-12
-24
6

-519
-136
-493
-342

-1

39

96

July.
Aug..
Sept.
Oct..

-1
-1

a

Dec.

106
227

32
59

9
-2

1971-Nov.

Apr.
May..
June.

-496

-2

-1

n.a.

1973 (Est.).

20

52
-51
-4

125
204
-109
224

-1,428

-3

-15
-221

-252
-391

83
165
-59
388
723
-589
-747

5

24
-17
14
-8
-10

n.a.

2

Treasury
Department

2

1

-202

22
62
55
15

United
States
Postal
Service

28
14

3
-3

32

-11
19
47

Veterans
Administration

Federal
Deposit
Insurance
Corporation

Federal
Savings
and Loan
Insurance
Corporation

161
183
180
227
238
258
313
328
180
438

269
244
208
204
212
255
283
173
195
I48

National
Credit
Union
Administration

Railroad
Retirement
Board

All
Other

1

-5

-7
*

6

69
149
154
173
135
59
268
-9

10

-110

n.a.

-3
27

Unemployment Trust
Fund

453
582
967
1,458
1,156
1,146
938
488
-1.747

-7

-23

n.a.

^^

-19
-9

62
470
465
-369
197

10

38

Other

tration

-161

28

-48
396

Adminis-

43
8

1

125

Federal
Insurance

100
-256
25
50

36
-2

71

Labor Department

n.a.

1,380
1,201

1972

Participation
Sales
Fund

36
138
-194
-129
45
135
165
131
128
109

242
-69
-344
-28
484
257
534
1,089
1.033
822

1971

Government National
Mortgage Assn.

26
68

Highway
Trust Fund
1953
1964
1965
1955
1967
1958
1969
1970

1

Housing and Urban Development Department

Federal
Supplementary
Medical
Insurance
Trust Fund

Federal
Hospital
Insurance
Trust Fund

1,121
1

f^f j^nll ar-q

and Wplfarp Denartment

-204
237
-151

1,428
2,864
2,330
3,244
9,035
5,320
8,522
10,062
7,417

16

8,420

32
51
-21

n.a.

112
674

51

35
68

61
215

74

-5

4

-171
-10
-58

-24
152

4

6

-160

43

25

-15

2

-6

4

795

15

1

4

45

-163
-42
-58

5

63

P
n.a.

14

1

4

44

2

160

Preliminary.
Not Available.
Revised.

Total

-17
24

26r

109r

1

1,313

4

-1,877
1,736
-586
-24

-1
1
1

3

5

2

29

-59

2
4
17

87

-330

31

3,498
2,347
1,403
2,655
-1,847
3,173
-617

4,767

Treasury Bulletin

10

.FEDERAL FISCAL OPERATIONS,

Si

S
>
o

M
9
O

t~
OS

s

"9
00

•

B
O
^4
u

-**

eo
CO

S
cd

te

C
9
fa
<!->

a
9

o
fa

January 1973

11

.FEDERAL FISCAL OPERATIONS.
Table FFO-8. Loan Disbursements and Repayments, Net
Lending, and Loan Balances of Federal Credit Programs
-

I/'

(In millions of dollars)

Fiscal Year 1973

November 30, 1972

Classification
Loan
Disbursements

Funds appropriated to the President:
Economic opportunity loans
Defense production act
Overseas Private Investment Corporation

Total

—

Farmers Home Administration

Rural Electrification Administration:
Rural telephone bank
Other
Other

Agriculture Department

Loan
Loan
Balances
DisburseEnd of
ments
Period

Loan
Repay-

50
5

10

Funds appropriated to the President,

—

Net
Lending

,

Rural housing insurance
Pelf-help housing land development
State iToral rehabilitation

—

Loan
Repayments

,

80

Farmers Home Administration:
Agriculture credit insurance
Direct loans
Emergency credi t
Rural development insurance

Total

Loan
Net
DisburseLending
ments

,

Agriculture Department:
Commodity Credit Corporation;
Storage facility and short-term export sales credits

Total

Loan
Repayments

Comparable Period
Fiscal Year 1972

Cumulative to date

i3

65

,

-1

65

172

149

223

1,001

358
59

114

244
-10

553
1,400

-15

-1

69
14

122

366
109
17

17

1

17

35

1

34

53
34

168

-33

200

838

17

821

1,535

278

33

ZH

215

1,074

3,575

1,263

14

214

227
128
66
751

,

,

,

,

6,224

,

,

,

1,173

4

362

70

292

1,674

10,818

1,655

10

440

24

4

5

364

1,310

1,370

Connnerce Department:

Economic Development Assistance:
Economic Development Administration
Promotion of Industry and Commerce:
Trade Adjustment Assistance
Maritime Administration:
Federal ship mortgage insurance
Other
National Oceanic and Atmospheric Administration
Total

—

Commerce Department

,

,

18
37

,

,

507

14

,

25

Defense Department:
Military':

Defense production g^jarantees

,

Civil:

Construction of power systems, Ryukyu Islands
Total

—

9

Defense Department

13

Health, Education, and V/elfare Department:

Health Services and Mental Health Administration
Office of Education:
Higher education activities
Student loans
Other

,

2

-3

470

12

10

57
20
28

Other

Total

—

Health, Education, and Welfare Department,

Housing end Urban Development Department:
Federal Housing Administration:
Federal Hoxising Administration fund
College hous Ing loans
Housing for the elderly or handicapped fund
Low- rent Public Housing Program

18

16

25

112
29

103

29

1,115
3,262

18
39

14
28

1

3

2

1

40

274

207

68

524
133

333

239

II

7

('"ontinvied on

14
4

following page)

1

.

;

Treasury Bulletin

12

FEDERAL FISCAL OPERATIONS,
Table FFO-8.

-

Loan Disbursements and Repayments, Net Lending,

and Loan Balances of Federal Credit Programs
(

(Continued)!/

-

In millions of dollars

Fiscal Year 1973

November 30, 1972

Classification

Loan
Disbursements

(Continued)
Housing and Urban Development Department:
Oovernjnent National Mortgage Association:
Special assistance functions
Management and liquidating functions fund
Participation sales fund
Housing management
Community development:
Urban renewal programs
Rehabilitation loan fund
Public facility loans

Total

—

Housing and Urban Development Department..

Loan
Repayments

Comparable Period
Fiscal Year 1972

Cumulative to date

Net

Lending

Loan
Loan
Disburse- Repayments
ments

^77
130

168
1

453
223

Lending

24
-«3

U

A63

7

16

225

237

431

12

1''2

1,514

306

—

Loan
Loan
Disburse- Repayments

112

Net
Lending

60
55
14
1

-1

330
21

207

123
21

390

1,157

52
-55

14
1

12

1

Interior Department:
Bureau of Reclamation
Other

Total

3,783
1,218
15

2

55

Loan
Balances
End of
Period

9_
624

266

164
58

Interior Department

11

Transportation Department

Treasury Department
-14

General Services Administration

United States Postal Service

Veterans Administration:
Direct loan program
Loan guaranty program
Government li f e insurance fund
National service life insurance
Other
Total

—

—

21
84
2

126
4

-61
-41
-2

1

47

35

12

-5

1

L.

Veterans Administration

Other independent agencies;
Loans to District of Columbia
Export- Import Bank of the United States
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation.
Interstate Coiranerce Commission
National Capital Planning Commission
Small Business Administration;
Business loan and investment fund
Disaster loan fund

Total

:o
-1

Loan Account

250

Qll
60

J.ISI

158

20

16
73
3

116
106
4

45

37

_!.

2

142

-100
-33
-2

266

-124

85

-40
42

16

103

27
1S6

15

928

392

Bureau of Accounts
This table contains the data formerly included in the loan
account classification, and last published in the June 1972
Preliminaiy Monthly Statement of Receipts and Expenditures of the
U.S. Government in Section B The Loan Account of Table III Budget
Receipts and Outlays, The loan balances presented in this table
are preliminary and may not agree with the later data published

Source :
Note:

—

SS

1,154
70

20

—

12

07

75

1,<:2

344

2Q

5

36

3,P

22
315

1,377
944

75

4

101

24

78

1.^46

3,887

3,096

;,54"

549

quarterly in Table GA-III-2-LoanE Outstanding.
1/ The loan account/expenditure account distinction was ditcontlnued in
fiscal 1972 pursuant to Offl Circular No. A-11, Revised, Dated June 12,
Data formerly classified in the "loan account" will be pub1972.
lished monthly in the Bulletin for ueets convenience while the
neeii ff"- such data is being assessed.
* Less than $500,000.
'

January 1973

13

.FEDERAL FISCAL OPERATIONS.
Table FFO-9.

Detail of Excise

-

Tax Receipts

(In thousands of dollars)

First Quarter of
fiscal year

Fiscal Year
Type of Tax

1972 1/

1973 1/

1970 1/

1971 1/

1972 1/

3,501,538
163,337
1,081,507

3,515,487
177,273
1,107,722

3,760,915
1,167,863

315,061

787,444
46,106
320,946

4,746,382

4,800,482

5,110,001

1,240,025

1,154,496

C igare tte s
Other 2/

56,834
2,036,101
1,277

54,775
2,149,527
2,282

54,173
2,151,158
1,942

13,416
511,446
359

12,306
384,965
418

Total tobacco taxes

2,094,212

2,206,585

2,207,273

525,221

397,689

3,741,160
95,474
681,320
563,223
497,138
94,099

933,178
20,168
192,366
588,091
206,410
24,126

977,937
25,330
223,382
-83,788
95,645
25,528

2,152

Alcohol taxes 2/
Distilled spirits
Wines
Beer

(July -Sept. 1971)

(July-Sept. 1972)

:

Total alcohol taxes

Tobacco taxes
Cigars

:

ia,223

885, 96: r
39,002r

2/

Documentary and certain other stamp taxes

^

68

Manufacturers' excise taxes
Gasol ine 5/
Lubricating oil , etc
Tires, tubes, and tread rubber 5/
Passenger automobiles, chassis, bodies, etc. 6/
Trucks and buses, chassis, bodies, etc. 5/6/7
Parts and accessories for automobiles, trucks, etc. T/*Radio and television sets, phonographs, components, etc,
8/
Refrigerators, freezers, air-conditioners, etc. 9/
Electric, gas, and oil appliances 3/
Pistols and revolvers
Phonograph records 8/
Musical instruments 8/
Sporting goods (other than fishing rods, creels, etc.) fi/
Fishing rods , creels , etc
;
Business and store machines 8/
Electric light bulbs and tubes 10/
Firearms (other than pistols and revolvers), shells and
cartridges
Mechanical pencils, pens, and lighters 8/
Matches 8/
:

Total manufacturers

'

exc ise taxes

Retailers' excise taxes
Furs 8/
Jewelry, etc . 8/
Luggage , etc . 8/
Toilet preparations 8/
Noncommercial aviation gasoline 11/.
^
Nonoonmeroial aviation fuel other than gasoline 12/
Diesel and special motor fuels 5/ 13/

3,430,076
87,510
614,795
1,753,327
659,986
84,069

3,547,678
88,185
593,377
1,695,112
625,290
84,078

-5

129
-10

8

-7

-41
7,563
-37
-25
-2

-16
1,916

13,023

3,428

4,281

-17

*

1

35,771

8,985

10,375
-24

-30
-94
6,697
-1

7,220
1

-30
-M-

13,924
-1

14,303
-12

32,806

29,484

5

1

-25

5

6,683,061

5,728,657

6,634,

l,978,629r

1,230,869

:

Total retailers

'

1

-

.

excise taxes

Miscellaneous excise taxes
Admissions to theaters, concerts, etc. 14/
Admissions to cabarets, roof gardens, etc, 14/
Club dues and initiation fees 15/
Telephone and teletypewriter exchange service 16/
Transportation of:
Persons by air 17/
Property by air 18/
Use of International air travel facilities 19/
Use of safe deposit boxes 20/
Coconut and other vegetable oils processed 21/
Sugar
Narcotics and marihuana. Including occupational taxes
22/
Coin-operated amusement devices - bowling alleys, pool
tables, etc. 20/
Coin-operated gaming devices
Wagering occupational tax
Wagers
Use tax on civil aircraft Zi/
Use tax on highway motor vehicles having a "taxable
gross weight" exceeding 26,000 pounds 5/
Adulterated butter and filled cheese (imported and
donestic), process or renovated butter and imported
oleomargarine ,.,.,....,,
Firearms transfer and occupational taxes
Interest equalization 24/
Fore ign insurance

-

26
82

154

-1

-69
4,753

8,833

2,250

3,152

n,a.

257,712

10,918
266,388

19,381
298,608

4,652
60,371

5,730
31,071

257,820

282,144

326,833

67,273r

89,955

-35
-36
206
1,469,562

-21
83
22

-IS
-51
-37

-19

-2

1,624,533

1,650,499

351,515

484,872

250,802

423,082
21,585
25,713

515,269
29,455
42,271

125,052
7,132
8,327

147,360
3,102
11,689

113,309

113,556

115,752

29,467

29,488

2,075

1,853

466

139

113

27

20
15,183
369
4,572
17,720

19

3

2

14,847
348
4,315
20,375

13,337
133
862
8,204

4,877
39
728
5,962

145,058

157,279

75,131

71,997

44
18,491
2,671

35
21,953
3,210

-

:

Footnotes at end of table.

-3

-4

2

14,256
570
4,063

135,086

13
91

85,906
8,614

2

4

122
60,118
9,579

161

(Continued on following page)

71,885
15,725

5

Treasury Bulletin

14

.FEDERAL FISCAL OPERATIONS.
Table FFO-9.

-

Detail of Excise

Tax Receipts

(In thousands of dollars)

-

(Continued)

.

15

January 1973
.FEDERAL OBLIGATIONS.

"Obligations" are

tlie

basis on which the use of funds is

controlled in the Federal r.overnment.

They are recorded at the

of categories which are based upon the nature of the trans-

action without regard to its ultimate purpose.

All payments

firm commitment to

for salaries and wages, for example, are reported as personnel

acquire goods or services and are the first of the four key

compensation, whether the personal services are used in current

point

events

at which the

— order,

Government makes a

delivery, payment, consumption

terize the acquisition and use of resources.

— which charac-

In general,

consist of orders placed, contracts awarded, services received,
and similar transactions requiring the disbursement of money

The obligational stage of Government transactions is a
strategic point in

gauging the impact of

the Government's

operations on the national economy, since it frequently represents for

business firms the

Government commitment

which

stimulates business investment, including Inventory purchases
and employment of labor.

Disbursements

months after the Government

itself

usually causes

may

not occur for

places its order but the order

immediate pressure

on the

private

economy.

Obligations are classified

operations or in the construction of capital items.

they

Federal agencies and firms
anotlier;

and

in doing so,

often do business with one

the"buying" agency records obligations,

the "performing"

agency records

In

ment are distinguished from those incxirred outside the Government.

Tables FO-2,

Obligation

3,

and

data for

i4

show only those incurred outside.
the administrative

budget

fund

accounts were first published in the September 1967 Treasury

Bulletin and

the trust fund accounts were

in the October 1967 Bulletin.

Bulletin, the data are on

first published

Beginning with the April 1968

the basis of the budget concepts

adopted pursuant to the recommendations

according to a uniform set

reimbursements.

Table FO-1, obligations that are incurred within the Govern-

Commission on Budget Concepts.

of the President's

)

Treasury Bulletin

16

.FEDERAL OBUGATIONS.
Table FO-1.

-

Gross Obligations Incurred Within and Outside the Federal Government by
Object Class.October 31,

1972^

(In millions of dollars

Gross obligations incurred

Object class
Within
Psrsonal services and benefits
I^raonnel compensation
Itersonnel benefits
Benefits for former personnel

Contractual services and supplies
Travel and transportation of persons
Transportation of things
Rent, communications, and utilities
Printing and reproduction
Other services
Supplies and materials

Acquisition of capital assets
Equipment
lands and structures
Investments and loans
Grants and fixed charges
Grants, subsidies, and contributions
Insurance claims and indemnities
Interest and dividends
Refunds

15,415
969
1,952

555
812
776
140
8,952
5,788

4,546
1,519
5,391

15,356
24,007
5,791
334

Other
Undistributed U.S. obligations
Obligations incurred abroad
Unvouchered

-2,693
2,266
23

Gross obligations incurred 2/.

92,358

Source:
Reports on Obligations, Standard Form 225, from agencies.
See footnote 2. Table FO-4.
For Federal Budget presentation a concept of "net obligations
2/
This concept eliminates transactions
incurred" is generally used.
within the Government and revenue and relitibursements from the public
by
Government agencies without approwhich by statute may be used
Summary figures on this basis
priation action by the Congress.
(This data is on the basis of Reports on Obligations
follow.
received from the agencies prior to reports submitted for Budget

1/

yssssasssssssssssKiVi

January 1973

17

.FEDERAL OBUGATIONS.

a
a
B
a
u
>

o

O
0)

•« <M

«

S;

(X.

5

«

I,

'O (1)
"» -Q

»

o

°o
h c
9 4)
U M
C <
CO

o

Ml

S

O
CO

o
t

o

a.

u
>>

Treasury Bulletin

18

.FEDERAL OBUGATIONS<l>

a
a
c
u
«
>
o

O
"a

u
0)

•o
1>
(X.

B
9)

O

•a

3

o

c
4)

S

—
0)

00
CO

a

£>

S

o Oo
CO
an

o

O
(X.

CO

January 1973

19

5f^

hn

X

u

o

Treasury Bulletin

20

ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Source and Availability of the Balance

in the

Treasurer's Account

The working cash of the Treasury is held mainly in

Treasury, banks are permitted to deposit in these accounts

Treasurer's accounts with Federal Reserve banks and branches.

proceeds from subscriptions to public debt securities entered

As the balances in these accounts become depleted, they are

for their own account as well as for the account of their

restored by calling in (transferring) funds from the tax and

customers.

loan accounts with thousands of commercial banks throughout

The tax and loan account system permits the Treasury to

leave funds in banks and in the ooraraunities in which they arise

the country.

Deposits to tax and loan accounts occur in the normal

until such time as the Treasury needs the funds for its operaIn this way the Treasury is able to neutralize the

course of business under a uniform procedure applicable to all

tions.

banks whereby customers of banks deposit with them tax pay-

effect of its fluctuating operations on bank reserves and the

ments and funds for the purchase of Government securities.

econon^.

In most cases the transaction involves merely the transfer of
money from a customer's account to the tax and loan account in
the same bank.

On occasions, to the extent authorized by the

Table TUS-1.

-

A detailed description of the Treasury's depositary system

may be found in the Annual Report of the Secretary of the

Treasury for 1955, pages 275-28^.

Status of the Account of the Treasurer of the United States

January 1973

21

.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table TUS-2.

-

Analysis of Changes in Tax and Loan Account Balances

I

...,
.

.

Treasury Bulletin

22

ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table TUS-3.

Summary

Cash Transactions through the Account
of the Treasurer of the United States
-

of

^In^ mllions of dollars)

Net cash transactions other than borrowing

Fiscal year
or month

Deposits and withdrawals (budget
and other accounts)
Cash
depO£it£

1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.

121,562
125,464

Ul,095

1971-Dec

.

1972- Jan.
Feb..
Mar..
Apr.
May.
June.
July.
Aug..
Sept.
Oct..
Nov.

Dec.
Fiscal 1973 to date

Cash withdrawals 1/

Excess of deposits,
or withdrawals (-)

113,477
124,047
126,395
142,191

-4,023
-2,485
-931
-1,095
-1,555
-19,495
243
-13,723
-23,393
-16,594

-21,590
-1,684
-12,167
-21,571
-22,226

163,036
165,086
201,735
209,924
205,961
228,285

184,581
201,491
223,648
229,353
244,880

20,014

19,088

926

-2,288

19, 711

21,378
22,741
18,978
17,622
22,213
21,103

-1,668

1,184
1,370
-2,174
109
-494
-2,421

16,940
18,038
24,178
20,115
26,583

164, 591

-5,801

-941
6,556
-2,098
5,480

16,410
19,511
23,301
17,550

21,801

-5,391

26,842
17,978
20,893

-7,330
5,324
-3,343

17,743
21,161

22,664
21,960

-4,921
-799

115,676

132,137

Total net
transactions

1,039
-1,491
-584
-1,075
654
-2,095
-1,928
1,556
1,322
-5,632

-16,461

Source:
Daily Treasury statement. Figures in the first four columns may
differ somewhat from those originally published in the daily Treasuiy
statement because of subsequent reclassification of certain transactions.

i/

Clearing
accounts

2,692
-475
-1,233
-42
-436
507

2/
•

Plus;
Net cash "borrcwing, or repayment of
borrowing (-)

-2,984
-3,975
-1,515
-2,171

4,670
2,395

-901

-3,747
20,525
2,094

Equals:

Treasurer's
account balance, increase, or decrease (-

22,466
23,625

1,686
-1,080
1,575
-203
-4,648
-1,065
409
1,912
895
1,399

-1,362

3,390

7,023

-484
-4,431
-3,115
6,665
-2,592
3,059

458
282
3,806
-1,966
-244
-2,457

-26
-4,150
691
4,700
-2,836
602

-5,391
-4,638
4,849
-4,577

4,049
480
232

-4,158

-4,963
-1,235

5,140
4,117

-15.954

16.746

3,089
1,968

U,079

-1,342
5,081

2,728

-1,849
176
2,882

as shown in the dally Treasury statements beginning January 2, 1963,
to exclude transactions of clearing accounts.
Previously Included under cash withdrawals. See footnote 1.
Less than $500,000.

Beginning with the February 1963 Bulletin, figures have been revised,

Table TUS-4.

-

Gold Assets and Liabilities of the Treasury
(

n millions of dollars)

End of calendar year or month

Gold assets 1/

Liabilities:
Gold certificates,
etc. 2/

1963
1964
1965
1966
1967
1968
1969
1970
1971

Balance of gold in
Treasurer' s account

15,513
15,388
13,733 i/
13,159
11,982
10, 367
10,367
10,732
10,132

15,231
13,626
13,041
11,870
10,256
10,256
10,623
10,019

120
157
107
118
112
111
112
109
113

1971-Dec.

10,132

10,019

113

1972-Jan.

10,132
9,588
9,588
9,588
10,410
10,410

10,019
9,475
9,475
9,475
10,303
10,303

113
113
113
113
107
107

10,410
10,410
10,410
10,410
10,410
10,410

10,303
10,303
10,303
10,303
10,303
10,303

107
107
107
107
107

Feb.

Mar.
Apr.
May.
June

July
Aug.

Sept
Oct.
Nov.

Dec,
Source:

1/
if

Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table IFS-1.
Ccwiprises gold certificates held by the public and in Federal Reserve
Banks, the gold certificates fund - Federal Reserve System, and gold
deposited hy and held for the International Monetary Fund. Prior to
March 1968 also includes (1) reserve of $156 million against United

107

States notes and through June 30, 1961, Treasury notes of 1890 and
(2) the redemption fund - Federal Reserve notes (Pursuant to P. L.
90-269 approved March 13, 1963, this fund was combined with gold
certificate fund - Federal Reserve System)
The United States payment of the $259 million increase in Its gold
subscription to the International Monetary Fund, authorized ly
P.L. 89-31, approved June 2, 1965 (70 Stat. 119) was made on June 30, 1965.

January 1973

23

.MONETARY STATISTICS.
Table MS-1.

-

Money

in Circulation

.

Treasury Bulletin

24

FEDERAL DEBT.
Table FD-1.

-

Summary

of Federal

Debt

(In millions of dollars)
Secxirities held Ly

Total outstanding

Government accounts

End of
fiscal year
or month

Public
debt
securities

Agency
SGcuritie£

313,983
320,344
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154

305,860
311,713
317,274
319,907
326,221
347,578
353,720
370,919
398,130
427,260

8,123
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894

401,648

389,158

12,489

425,3S2r
435,175

414,620
424,131

1972- Jan.
Feb.
Mar.
Apr.
May.
June

433,432
435,169
438,378
436,295
439,175
438,154

July

443,287
446,876
445,405
451,429
456,110

Total

1963
1964
1965
1966
1967
1968
1969
1970
1971
1972

,

,

1970-Dec

.

197mov.
Dec.

Aug.

Sept
Oct.,
Nov.

Public
debt
securities

Agency
securi-

825
825
825
825

254,461
257,553
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770

247,046
249,533
252,748
251,782
251,084
269,231
268,080
274,924
294,417
314,976

7,416
8,020
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794

2,594

825

301,138

291,242

9,895

104,747
106,045

2,406
2,422

825
825

317,404r
325,884

309,048
317,261

8,356r
8,622

106,589
108,325
107,739
107,715
111,213
113,559

104,447
106,164
105,532
105,534
109,055
111,460

2,142
2,161
2,207
2,180
2,158
2,100

825
825
825
825
825
825

326,018
326,019
329,814
327,755
327,137
323,770

317, 590

3U,976

8,428
8,977
8,827
8,810
9,105
8,794

114,962
117,618
115,771

112,785
115,410
113,548
116,709
116,125

2,177
2,208
2,224
2,235
2,201

825
825

327,499
328,433

318,773
319,205

8,726
9,229

825
825
825

328,809
331,660
336,958

319,574
322,413
327,297

9,235
9,248
9,661

Public
debt
securities

Agency
securities

56,345
59,210
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559

55,638
58,598
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460

707
611
469
468
2,010
3,001
2,846
2,553
2,251
2,100

3,176
3,581
3,455
3,810
3,328
2,209

99,685

97,091

10,762r
11,044

107,153
108,466

422,362
424,032
427,344
425,304
427,912
427, 260

10,570
11,137
11,034
10,991
11,263
10,894'

432,384
435,439
433,946
439,947
444,247

10,903
11,437

U,459
11,483
11.863

The public 2/

IMF & International
lending organizations

Total

U8,944
118,327

Source;
Daily Treasury statement and monthly statement of receipts and
outlays of the Government (Prior to fiscal 1973, monthly statement of
receipts aiid expenditures of the Cjovernment).
i/ Represents non- interest bearing public debt securities issued to the
International Monetary Fund, and prior to'FY 1967 to the International
Development Association, and the Inter-American Development Bank in

2/

1/'

317,042
320,987
318,945
318,032

ties

recognition of U.S. Government subscription commitments. Since J'one 1965
letters of credit have been issued in lieu of the special notes. All outstanding notes have been converted to letters of credit with the exception
of those for IMF.
Includes holdings of Federal Reserve banks.
Revised.

Table FD-2. Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)

25

January 1973
.FEDERAL DEBT,
Table FD-3.

-

Interest-Bearing Public Debt

Treasury Bulletin

2()

.FEDERAL DEBT.
Table FD-5.

-

Special Public Debt Issues

27

January 1973
.FEDERAL DEBTTable FD-6.

-

Interest-Bearing Securities Issued by Government Agencies

1/

28

I

.
.
,
.

January 1973

29

FEDERAL DEBT.
Table FD-8.

-

Debt Subject

to Statutory Limitation

fin millions of dollars)

Total outstanding subject to limtation

End of
fiscal year
or jBonth

Statutory
debt
limit

OX

Total

1963
1964
1965
1966
1967
1968
196?
1970
1971
1972

324,000
324,000
323,000
336,000
353,000
377,000
377,000
430,000
450,000

306,099
312,164
317,531
320,102
326,471
350,743
356,932
373,425
399,475
428,576

1970-Dee..

395,000

391,626

1971-Dec.

430, OOC

425,462

1972- Jan.

43C,aJC
430,000
450,000
450,000
450,000
450,000

424,192
425,358
428,667
426,623
429,230
428,576

450,000
450,000
450,000
450,000
465,000
465,000

433,704
436,760
435,270
4iH,272
445,571
450,618

30-^,

Feb.

Max..
Apr.
lfe7.

June.

July.
Aug..
Sept.
Oct..
Nov..

Dec.

Public debt
securities

305,492
311,351
316,991
319,641
325,959
346,925
353,034
370,283
397, 503
426,638

Interest bearing debt
subject to TlTOitation

Agency securities
Public debt
& debt of District
securities
of Columbia 1/

Agency
securit

debt and debt bearing no
interest sijbject to HmitatioiD

lifetijred

District of
Columbia 2/

Public debt
securities

3,538
3,995
3,878
4,210
3,673
2,524
1,355
1,262
1,2L4
1,278

313
590
462
512
3,819
3,847
3,137
1,972
1,939

307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360

792
569
441
492
3,798
3,827
3,117
1,952

20
20
20
20
20
20
20

1,919

20

3,097

387,252

3,076

423,506

1,955

422,308

1,936

20

1,198

422,233
423,408
426,720
424,681
427,283
426,638

1,954

421,090
422,090
425,536
423,535
426,108
425,360

1,934
1,931
1,927
1,922
1,921
1,919

20
20
20
20
20
20

1,317
1,184
1,145
1,181
1,278

431,761
434,817
433,324
439,325
443,626
443,677

1,943
1,943
1,946

430,577
433,572
432,127
438,136
442,420
447,298

1,923
1,923
1,926
1,927
1,925
1,921

20
20

1,951
1,947
1,942
1,941
1,939

1,947
1,945
1,941

Daily Treas-jry statement.
Source:
Note:
For debt subject to limitation for fiscal years 1940-1962, 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 1971. For a
summary of legislation on debt limitation under the Second Liberty

1/
2/

Agency
securitie

1,278

2C

20
20
20

1,U8

1,184
1,245
1,197
1,189
1,205
1.379

Bend Act and the amounts of limitation see Table 32 of the
Statistical Appendix.
Of $3,250 million in participation certificates subject to
limitation issued in fiscal 1968, $1,465 million are now o\itstanding.
District of Columbia Armory Board Stadium Bonds.
Less than $500,000.

Footnotes to Table FD-2

Soiuroe:

Bote:

On the basis of the daily Treasury statecKnt.
The computed ann\ial interest charge represents the amount of
interest that would be paid 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 anminl 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 con^nited annual interest charge. The average

2/

aimual interest rate Is ccmrputed by dlvidlikg tbe con^nted azamal
Interest charge for the total, or for any groizp of Issues, "by the
corresponding principal amoimt. Beginning vith data for December 31)
1958, the ccE^JUtation is based on the rate of effective yield for
iBEues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
Included in debt outstanding at face aanount, but discount value is
"used in con^niting '^nr^'^l interest charge and anmiai interest rate.
On United States savings bonds the rate to maturity is appHed against
the amount outstanding.

Treasury Bulletin

2Q
FF.DF.RAT.

Table FD-9.

-

Status and Application of Statutory Limitation

the Second Liberty Bond Act (31 U.S.C. 757b), as amended.
provides that the face amount of obligations issued under
obligations
authority of that Act, and the face amount of
guaranteed as to principal and interest by the United States,
outstanding
shall not exceed in the aggregate $/;00 billion
at any one time. Public Law 92-599 provides that beginning
on November 1, 1972, and ending on June 30, 1973, the public
debt limit shall be temporarily increased by $65 billion.

Part A.

DEBT

-

provides
The Act of June 30, 1967 (Public Law 90-39)
participathat the face amount of beneficial interests and
tions issued under section 302 (c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
be
the fiscal year 1968 and outstanding at any time shall
deteradded to the amount otherwise taken into account in
are
mining whether the requirements of the above provisions
met.

December

Status Under Limitation

31,

1972

^In mlll'ons of doll'^re;
statutoio' cebt limit established by the Second Liberty Pond Act.
(31 U.S.C. 757b)

~-.e

".:

Anounta outstanding subject to ilututory debt limitation:
U.S. Government securities issuea under the Second Liberty Bond Act,
Debt of U .S Government agencies
Participation certificates (12 U.S.C. 1717(c))

amendad

465,000

-^

448,677
476
1,465

.Tended

.

Total amount outstanding subject to statutory debt limitation

450,618
Balance issuable under limitation

Part B.

U,382

Application of Statutory Limitation

-

December

31,

1972

In millions of dollari:

Total

Classification

Public debt:
Interest-bearing debt:
marketable:
Public issues
Treasury bills
notes
Treasury
Treasury bonds

outstanding-

—

Total public issues

—

marketable

103,870
121,507
44, 133

269,509

—

nonmarketable:
Public issues
Certificates of indebtedness;
Foreign series
Fore ign currency series
Treasxuy notes:
Foreign series
Foreign currency series
Treasury bonds
Treasury certificates
Tress\:ry naves
U.S. savlnrs bonds
U .S . savings notes
U.S. retirement plan bonds
Depositarj' bonds
Treasury bonds, R.E.A. series
Treasury bonds , Investment series
Certificates of Indebtedness - State and local
Government series
Treasury notes - State and local Government series

Total public Issues

—

nonmarketable

Special Issues to Government agencies and trust funds
Total Interest-bearing debt

4,588
171
14,333
1,539
250
402
22
57,579
540
59
22
6
2 , 305
^

24_
;^.;'~:

,94f

'-.'i

/./:".298

Matured debt on which interest has ceased
Debt bearing no interest:
Special note of the United States:
tatemational Monetarj' Fund series
Mortgage Guaranty Insurance Company- Tax and Loss Bonds
U .S savings stamps
Excess profits tax refund bonds
U.S. notes
Deposits for retirement of national bank and Federal Reserve ba;* notes
Silver certi f icates
Other debt bearing no Interest

478
_,

,^
^y
^
-2,

.

72

2U
10
~'- -"

Total debt bearing no Interes t
Total public debt

iLa.T^f^

Debt of U.S. Government agencies:
Interest-bearing debt
Matured debt on which interest has ceased.

Total debt of U.S. Government agencies
Total public debt and debt of U.S. Government agencies

Deduct debt not subject to limitation
Add participation certificates
Total subject to limitation

Dally Treasury statement.
Source:
>
Less than $500,000.

476

"

"l^
'

-

^^

T^V
"'^

^=^=^=
-''•'''"

.

January 1973

51

FEDERAL DEBT.
Table FD-10.

-

Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies

Treasury Bulletin

32

.PUBLIC DEBT OPERATIONS,
Table PDO-1.

1/

-

Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and Annual Treasury Bills

Office of the Secretary.
For issue date of each security, see "Market Quotations on Treasury
Securities."

Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in confonnity
with the unified budget concept.

.

January 1973
.PUBLIC
Table PDO-2.

33

DEBT OPERATIONS
-

Offerings of Treasury Bills

(Amount in millio'^s of dollars)

Description of new issue
Issue date

Maturity
date

Number of
days to
maturity 1/

Amount of
bids
tendered

Amount of bids accepted
Total
amount

On competitive basis

On noncompetitive basis 2/

Amount
maturing on
issue date
of new
offering

Total
unmatured
issues outstanding after
new issues

Regular weekly:
and 26- week
f 13-week
7

1972- Dec.
1973-Mar.

8

91
182

3,657.8
3,682.9

2,422.5
1,801.2

2,270.4
1,732.9

152.2
68.3

2,301.4
1,800.3

30,028.7
46,822.0

U

1972- Dec.
1973-Mar.

15

91
182

4,391,5
3,391.9

2,302.2
1,800.8

2,097.9
1,714.7

204.3
86.1

2,300.5
1,800.7

30,030.3
46,822.1

21

"1972- Dec.
1973-Mar.

21
22

91
182

4,113.9
3,659,4

2,300.8
1,801.8

2,098.2
1,701.2

202.6
100.6

2,300.7
1,801.0

30,030.4
46,823.0

28

^1972- Dec.
1973-Mar.

28
29

91
182

4,247.0
3,551.7

2,300.6
1,800.6

2,112.4
1,711.7

188.2
88.9

2,300.4
1,804.9

30,030.6
46,818.7

Apr.

5

91
182

3,638.3
3,682.2

2,300.3
1,800,5

2,122.2
1,699.2

178.0
101,2

2,297.4
1,800,3

30,033.4
46,818.8

Jan;

11
12

91
182

3,804.2
4,070,2

2,301,9
1,802.2

2,139.0
1,713.0

162.9
89.2

2,300,9
1,800.8

30,034.5
46,820.2

18
19

91
182

4,111.1
3,762.9

2,280.6
1,800.3

2,087.2
1,687.7

193.4
112.6

2,300.5
1,800.9

30,014.6
46,819.6

Jan,

25

Aprl

26

91
182

3,741,6
3,653.1

2,300.8
1,800.7

2,131.0
1,712.6

169.8
88.1

2,301.2
1,800,5

30,014,1
46,819.8

I

1972- Sept.

Oct.

Jan,
5

12

Apr.
Jan,

19

Apr.

26
Hov.

2

.

9
16

24

30

Dec.

7

U
21
28

Tax anticipation:
1972-Nov.
24
Dec.

7

5

Feb.

1

91

May'

3

182

4,036.3
3,863.6

2,400.7
1,901.2

2,223.3
1,810.2

177.4
91.0

2,301.1
1,800.6

30,113.8
46,920.3

Feb.

8
10

91
182

3,885.6r
3,875.7

2,400. 7r

2,232.5

168. 2r

May

1,901.4

1,8U.3

87.0

2,299.1
1,800.4

30,215.4r
47,021.4

3,926w0

Feb.

15

May

17

91
182

3,906. 7r

2,402.3
1,901. 2r

2,232.2
1,808.7

170.1
92. 5r

2,301.1
1,800.6

47, 122. Or

Feb.

22
24

90
181

3,671.6r
3,806.6

2,401.5r
1,900.5

2,241.0
1,811.6

160. 5r
89. Or

2,301.8
1,800.9

30,416.3
47,221.6r

1

91
182

4,261,2
3,510. 8r

2,399.9

2,243.8
1,802.4

156.1

1,902. 7r

100. 3r

2,301.3
1,801.5

47,322. 9r

182

3,686.4
3,363.0

2,404.3
1,896.5

2,226.7
1,798.6

177.6
97.9

2,422.5
1,800.2

30749677
47,419.2

91
182

4,470.1
3,251.9

2,401.9
1,901.6

2,211.6
1,782.4

190.3
119.2

2,302.2
1,801.6

30,596.5
47,519.2

91
182

3,700.6
3,623.8

2,405.4
1,905.7

2,239.7
1,797.9

165.7
107.9

2,300.8
1,802.1

30,701.0
47,622.9

91
182

3,702.2
3,546.1

2,404.5
1,903.2

2,222.8
1,798.6

181.7
104.6

2,300.6
1,799.5

30,804.9
47,726.6

May
Mar.

May

31

91

Mar.
June
Mar.

June
Mar.

June
Mar.

June

30,316.8

30,514.9

Apr.

20

U7

6,366. 7r

2.012. 5r

1,659.5

352. 9r

2,012. 5r

June

22

199

5,179.1

2,509.8

2,124.2

385.6

4,522.3

30
31

274
366

1,488.4
2,289.5

501.3
1,200.5

486.3
1,171.3

15.0
29.2

500.4
1,201.2

1/1,406.

274
366

1,506.2
2,203.6

499.9
1,200.4

437.5
1,182.1

12.4
18.3

500.2
1,199.5

4,504.4
14,407.5

275
365

1,526.2
1,91?.

500.1
1,200.1

487.1
1,180.2

13.0
19.9

500.1
1,201.1

4,504.4
14.406.5

9-Month and One- Year
1971-Dec.

31

1972-Sept.
Dec.

4,504.8
Sk

1972-Jan.

31

Oct.
1973- Jan.

Feb.

29

1972-Nov.
1973-Feb.

Mar.

31

1972-Dec.
1973-Mar.

275
365

1,534.2
2,320.4

500.6
1,200.8

487.2
1,176.3

13.3
24.6

500.3
1,200.3

4,504.6
14,407.0

Apr.

30

Apr.
Jan.

365
275

2,454.9
1,467.6

1,199.8
499.9

1,171.7
484.0

28.1
15.9

1,200.5
501.1

14,406.3
4,503.4

28
31

273
365

1,615.3
2,150.2

500.6
1,200.2

489.5
1,180.0

11.0
20.2

500.3
1,200.8

4,503.7
14,405.7

31
30

274
365

1,282,4
1,961,2

501.1
1,201.2

489.2
1,171.2

11.9

30.1

500.5
1,200.3

4,504.4
14,406.6

273
365

1,525,7
2,849,8

500.2
1,201.0

484.1
1,169.8

16.x
31.1

500.2
1,202.5

4,504.4
14,405.1

273
362

1,911.4

Aug.

4,913.6

500.9
1,803.4

484.7
1,770.5

16.2
32.8

500.3
1,199.9

4,505.0
15,008.6

Sept.
June

360
271

4,U4.7
1,547.4

1,800.5
499.9

1,748:4
486.0

52.1
13.9

1,200.7
501.3

15,608.4
4,503.6

July

273

Oct.

357

1,811.0
3,342.5

500.5
1,802.5

487.8
1,773.3

12,8
29.2

499.9
1,200.3

4,504.3
16,210.6

Nov.
Dec.

355
352

Or
3,176.7

1,802. Or

1,772.6
1,770.0

29, 4r

1,700.7 2/
1,701.0 2/

20,816. 2r

May

1

31
June

30

July

31

Aug.

31

Sept.
Oct.

30

Oct.

31

Nov.
Dec.

30
31

2

Footnotes at end of Table PDO-3

Feb.

May
Mar.

June
Apr.

July

May

30
28

3, 801.

1,800.5

(Continued on following page)

30.5

20,915.6

34
.PUBLIC
Table PDO-2.

-

Treasury Bulletin

DEBT OPERATIONS

Offerings of Treasury Bills

-

(Continued)

..

..

..
.

January 1973

35
.PUBLIC
Table PDO-3.

-

New Money

DEBT OPERATIONS.

Financing through Regular Weekly Treasury Billsi/
(Dollar amounts in millions)

Discription of issue

2,

/'l970-0ct.

9,

6.422
6.602

$108

Oct.
f 1971-Jan.

8
7

91

182

2,381
2,170

1,801
1,311

6.643
6.657

102

'l970-0ct.
1971-Jan.

15
14

91
182

2,916
2,873

1,803
1,305

6.547
6.644

100

1970-Oct.
1971-Jan.

22

91
182

3,014
2,458

1,802
1,300

6.385
6.442

95

29

2,662
2,465

1,801
1,301

6.347
6.429

100

91
182

2,632
2,056

1,811
1,300

6.414
6.495

107

2,499
2,476

1,801
1,303

6.511
6.681

100

July

30.

1970-Oct.
1971-Jan.

Aug.

6,

1970-Nov.
1971 -Feb.

5

4

13.

12
11

91
182

20.

1970-Nov.
1971-Feb

19
18

91
182

2,946
2,515

1,803
1,298

6.526
6.587

114

27.

1970-Nov.
1971-Feb

27
25

92
182

2,660
2,588

1,791
1,403

6.197
6.338

91

2.

1970-Dec.
1971 -Mar.

3
4

91
182

2,380
2,075

1,802
1,400

6.342
6.507

99

10.

1970-Dec
1971 -Mar.

10
11

91
182

2,758
2,976

1,805
1,405

6.366
6.555

105

17.

1970-Dec
1971 -Mar

17
18

91
182

2,714
2,607

1,801
1,402

6.314
6.494

97

24.

1970-Dec
1971 -Mar.

24
25

91
182

2,992
2,525

1,805
1,395

5.955
6.241

97

1.

1970-Dec
1971 -Apr.

31
1

91
182

2,453
2,486

1,801
1,401

5.809
6.373

94

S.

Jan.
Apr,

7
8

91
182

2,449
2,562

1,802
1,402

6.024
6.412

99

15.

Jan.
Apr,

14
15

91
182

2,780
3,444

1,802
1,404

6.029
6.224

103

22.

Jan.
Apr,

21
22

91
182

3,156
2,100

1,801
1,401

5.943
6.129

98

29.

Jan,
Apr.

28

91

29

182

2,615
2,909

1,800
1,401

6.117

Feb.

4

May

6

91
182

3,230
2,448

1,830
1,402

5.655
5.772

120

11
13

91
182

2,877
2,940

1,803
1,401

5.461
5.653

101

18
20

91
181

2,940
3,272

1,801
1,403

5.283
5.405

98

May

25
27

90
ISl

2,839
2,470

1,901
1,400

4.759
4.855

209

3.

Mar.
June

4
3

91
182

3,527
2,320

1,903
1,399

5.083
4.979

194

10.

Mar.
June

11
10

91
182

2,841
2,069

1,901
1,401

4.883
4.874

194

17.

Mar.
June

18
17

91
182

2,883
2,343

1,901
1,400

4.776
4.785

197

24.

Mar.
June

25
24

91
182

2,928
2,364

1,910
1,404

4.726
4.765

206

31.

Apr.
July

1

1

91
182

2,646
2,010

1,904
1,402

4.830
4.836

202

25.

June
Sept.

91
182

2,959
2,648

1,900
1,602

3.330
3.482

197

91
182

2,885
2,672

1,900
1,600

3.522
3.695

195

July

91

Oct.

2,795
2,600

2,000
1,601

3.704
3.755

196

182

5

19.

27.

Apr

21

'1970-Nov.
1971-Feb.

12.

1971 -Mar.

New money
increase , or
decrease (-)

$1,807
1,303

'

Dec.

Average rate
of bids
accepted 2/
(Percent)

$2,357
2,659

23.

MOV

Amount
of bids
accepted

91
182

i

16.

Amount
of bids
tendered

1
31

Dec.

(

Oct.

days to
maturity

date

1970-July

Sept.

Number of

Matxirity

Issue
date

1

Footnotes at end of table.

Feb.

May
Feb.

May
Feb.

July
Sept.

24
23
1

30

(Continued on following page)

5.830

99

Treasury Bulletin

36

PUBLIC DEBT OPERATIONS.
Table PDO-3.

-

New Money

Financing through Regular Weekly Treasury Bills

i/

-

(Continued)

January 1973

37
PUBLIC DEBT OPERATIONS.

Table PDO-3.

-

New Money

Financing through Regular Weekly Treasury Bills

-

(Continued)

(Dollar amounts in millions)

Description of issue
Issue
date

1972-Mar.

date

1972-June

2

Aug.

1
31

June
Sept.

9

June

16,

15

Sept.

Amount

Amount

of bids
tendered

of bids

accepted

Average rate
of bids
accepted 2/
(Percent)

91
182

$3,609
3,481

$2,401
1,796

3.447
3.762

$295

91
182

4,129
3,609

2,401
1,800

3.552
3.796

298

91,

182

3,462
3,016

2,401
1,801

3.846
4.196

301

22
21

91
182

3,816
3,477

2,401
1,801

3.919
4.322

292

1

Aug.
Nov,

31
30

91
182

3,670
2,975

2,302
1,801

3,761
4.107

-103

Sept.
Deo.

91

8,

182

3,662
3,351

2,301
1,800

3.863
4.243

-105

15,

Sept.
Dec.

U

91
182

3,627
3,205

2,301
1,802

3.796
4.187

-104

22,

Sept.
Dec.

21
21

91
182

3,594
3,322

2,301
1,802

3.926
4.328

-104

Oct.
1973-Jan.

12
11

91
182

3,524
3,040

2,301
1,801

4.103
4.605

201

1972-Oct.
1973-Jan

19
18

91
182

3,845
3,050

2,301
1,800

3.949
4.455

199

1972-0<:t.

26
25

91
182

3,723
3,707

2,301
1,300

4.046
4.585

198

3,618
3,160

2,301
1,800

,796
,298

200

3,742
3,071

2,299
1,801

3.928
4.431

199

13,

'

20.

27.

1973-Jan.
1972-Nov.
1973-Feb.

2

91

3.

1

182

10.

1972-Nov.
1973-Feb.

9
8

182

Sept.

1972-Dec.
1973-Mar.

7

91

7,

182

3,658
3,683

2,423
1,801

4.567
4.937

122

8

Nov.

2,

91
182

4,036
3,864

2,401
1,901

4.766
5.141

200

91
182

3,886
3,376

2,401
1,901

4.670
4.958

203

15
17

91
182

3,926
3,907

2,402
1,901

4.774
5.070

202

22
24

90
181

3,671
3,807

2,401
1,900

4.775
5.050

199

1

91
182

4,261
3,510

2,400
1,902

.885
,179

199

Aug.

Feb.

May
Feb.

9,

May
Feb.

16,

May

2A.

May

Feb.

30

Dec.

Mar.

91

May

31

M

Mar.
June

15

91
182

4,470

U

2,402
1,902

5.100
5.309

200

3,252

Mar.
June

22
21

91
182

3,701
3,624

2,405
1,906

5.089
5.298

208

21,

Mar.
June

29
28

91
182

3,702
3,546

2,404
1,903

5.111
5.312

208

28

See Table PDO-2.
Source:
1/ Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on December 2, 1970 ($2,105 million).

2/

and April 6, 1971 ($2,206 million).
Equivalent average rate on ban]c discount basis.

Footnotes to Table PDO-2
Source:
Dally Treasury statement: Bureau of the Public Debt.
1/ The 13-week bills represent additional issues of bills with an original maturity of 26-weeks and the 9-month bills represent additional
issues of bills with an original maturity on one year.
2/ For 13-week, 26-week, 9-month, and one-year issues, tenders for
$200,000 or less from any one bidder are accepted in full at average
prices of accepted competitive bids; for other issues, the corresponding amount is stipulated in each offering announcement.
Of this amount $500,555,000 redeemed for 9 month bills dated March
31, 1972.
i/ Bank discount basis.
5/ Except $20,000 at 98.945.
6/ Except $3,155,000 at 98.874 and $600,000 at 98.832.
7/ Except $1,000,000 at 97.482 and $1,000,000 at 97.462.

y

New money
increase, or
decrease (-)

June
Sept.

23

July

Number of
days to
maturity

Maturity

8/
2/
10/
11/
12/
13/
14/
15/
16/
17/
18 /
12/
20/
21/

Except $140,000 at 97.436.
Except $800,000 at 97.472.
Except $300,000 at 97.522.
Except $765,000 at 97.404.
Except $600,000 at 97.349.
Except $140,000 at 97.345.
Except $100,000 at 98.120 and $100,000 at 93.100.
Except $505,000 at 96.086.
Except $15,000 at 97.151 and $200,000 at 97.102.
Except $375,000 at 96.535.
Except $145,000 at 95.336 and $600,000 at 95.326.
Except $285,000 at 95.164.
Except $50,000 at 95.198 and $100,000 at 94.975.
Except $475,000 at 94.303.
Revised.

Treasury Bulletin

38

PUBLIC DEBT OPERATIONS,
Table PDO-4.

-

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

Date subscrip-

39

January 1973
PUBLIC DEBT OPERATIONS.
Table PDO-4.

-

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

Date subscrip-

-

(Continued)

.

40

Treasury Bulletin
.PUBLIC

DEBT OPERATIONS.

Footnotes to Table PDO-4.

Bureau of the Public Debt.
For bill Issues, always sold at auction, the rate shown is the equivalent 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.
From date of additional issue in case of a reopening.
In reopenlngs the amount issued is in addition to the amount of
original offering.
For securities exchanged for the new issues see Table PDO-7.
Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
Price at which Issued appears in Table PDO-5.
Exchange offering available to owners of nonmarKetable Z-'i/lS Treasury
bonds. Investment Series B-1975-30, dated April 1, 1951.
For further
information on the original offering see Treasury Bulletin for April
1951, page A-1. Amounts shown are as of December 31, 1972.
Payment for subscriptions allotted could be nBde in cash or in
Treasury bonds or notes maturing on the issue date of the new security.
Includes $151 million of the 2/15/74-C notes and $479 million of the
8/15/77- B notes allotted to Federal Reserve banks and Government
accounts.
This is amount of bonds and notes maturing August 15, 1970 exchanged
by Federal Reserve banks and Government accounts.
Subscriptions from the public for $200,000 or less were allotted in
full and those above that amount were allotted 9-l/2% but not less
than $200,000.
Includes $842 million of the l-\/lS notes and $811 million of the
l-\/2$ notes allotted to Federal Reserve banks and Government accounts.
Sold at auction through competitive and noncompetitive bidding.
Prices
accepted ranged from 100.93 (yield 6.09%) down to 100.69 (yield 6.265f)
Sale of a "strip" of Treasury bills consisting of an additional $301
million of series maturing on January 7, 14, 21, and 28, and February 4,
11, and 18, 1971.
Includes $2,319 million of the 5-7/8? notes and $2,722 million of the
i>-\/lS notes allotted to Federal Reserve banks and Government accounts.
Sale of a "strip" of Treasury bills consisting of an additional $201
million of series maturing May 27, June 3, 10, 17, and 24, and
July 1, 1971.
Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from July 8 through September 16

Source:

1/

Z/
J/

y
5/

6/
2/

2/

2/

10/
11/

12/
11/
,

lA/

l^
16/'

17/'

18/
12/

20/

1971.
Includes $1,457 million of the
notes and $1,046 million of the
'>-'i/'S notes allotted to Federal Reserve banks and Government accounts.
Sale of a "strip" of Treasury bills consisting of an additional $201

22/

23/

24/

25/

26/

27/
26/

"

29/
30/
.2i/

.2i/
.23/

34/

il/

2^
J7/

%

million of weekly series maturing from June 24 through August 12, 1971.
Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.38 (yield 5.71?) down to 99.93 (yield 6.05?)

with the average at 100.00 (yield 6.00?).
21/ Cash subscriptions were accepted only from individuals in amounts of
$10,000 or less.

Includes $592 million of the notes and $351 million of the bonds
allotted to Federal Reserve banks and Government accounts.
Sold at auction through competitive and noncompetitive bidding. Prices
accepted raaged from 100.08 (yield 6.44?) down to 99.87 (yield 6.59?)
with the average at 99.94 (yield 6.54?).
Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 101.44 (yield 5.92?) down to 101.00 (yield 6.02?)
with the average at 101.14 (yield 5.98?).
Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 101.25 (yield 5.46?) down to 100.30 (yield 5.61?)
with the average at 100.89 (yield 5.58?).
Includes $2,925 million of the notes and $673 ndllion of the bonds
allotted to Federal Reserve banks and Government accounts.
Issued to Federal Reserve banks and Government accounts in exchange for
securities maturing November 15, 1971.
Prices
Sold at auction through competitive and noncompetitive bidding.
accepted ranged from 100.10 (yield 4.79?) down to 99.90 (yield 4.96?)
with the average at 99.96 (yield 4.91?).
Includes $421 million of the notes and $554 million of the bonds
allotted to Federal Reserve banks and Government accounts.
Sale of a "strip" of Treasury bills consisting of an additional $204
million of each weekly series maturing from March 30 through July 6, 1972.
Prices
Sold at auction through competitive and noncompetitive bidding.
accepted ranged from 100.50 (yield 5.69?) down to 100.20 (yield 5.80?)
with the average at 100.26 (yield 5.78?).
Issued to Federal Reserve banks- and Government accounts in exchange
for notes maturing May 15, 197^.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.50 (yield 4.23?) down to 100.27
(yield 4.47?) with the average at 100.30 (yield 4.44?).
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.06 (yield 6.23?) down to 100.37
(yield 6.32?) with the average at 100.60 (yield 6.29?).
Includes $1,028 million of the 5-7/8? notes, $1,437 million of the
6-1/4? notes and $1,180 million of the bonds allotted to Federal
Reserve banks and Government accounts.
3old at auction throxogh competitive and noncompetitive bidding.
Prices accepted ranged from 100.41 (yield 5.77?) down to 100.20
(yield 5.89?) with the average at 100.25 (yield 5.86?).
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.31 (yield 6.16?) down to 100.14
^v-ield 6.21?) with the average at 100.18 (yield 6.20?).
Sold at auction through competitive and noncompetitive
bidding.
Prices accepted ranged from 100.29 (yield
5.72?) down to 100.5 fyield 5.85?) with the average at
100.09 (yield 5.83?).
Sold at auction thrciugh competitive and noncompetitive
bidding. All accepted tenders were awarded at the
price of 99.50 (yield 6.79?).
Preliminary.

38/

39/

p

41

January 1973
Table PDO-5.

Description of

PUBLIC DEBT OPERATIONS.
-

Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations

Treasury Bulletin

42

PUBLIC DEBT OPERATIONS.
Table PDO-5.

-

Unmatured Marketable

Securities Issued at a

Other than Advance Refunding Operations

-

Premium

(Continued)

or Discount

January 1973

43

PUBLIC DEBT OPERATIONS.
Table PDO-6.

-

Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Treasury Bills 1/

-

Treasury Bulletin

44
_ PUBLIC
Table PDO-6.

-

DEBT OPERATIONS.

Securities
Allotments by Investor Classes on Subscriptions for Public Marketable
Part B. - Treasury Bills Other than Regular Weekly Series
(In millions of dollars)

Allotments by investor classes

Total amount issued
U.S.

Date of
maturity

Date of
financing

Average
rate

One -year
series

9 -month
series
1/

Tax anti
cipation
series

Ckjv-

ernment
accounts
and Federal
Reserve
Banks 2/

Commercial
banks

Corporations

i/

Dealers
and
brokers

All
other k/

(Percent)

12/22/69
3/23/70

6.775
7.202

7/31/69

4/30/70
7/31/70

7.407
7.313

1,202

8/31/69

5/31/70
8/31/70

7.387
7.340

1,201

9/30/69

6/30/70
9/30/70

7.357
7.350

1,005

10/H/b9

4/22/70

7.284

500
500

500

150
367

171
349

180
348

190
427

75
350

139

4/22/70
6/22/70

7.014
7.975

11/30/69

8/31/70
11/30/70

7.777
7.591

9/30/70
12/31/70

7.801

12/31/69

7.56t

1,002

1/31/70

10/31/70
1/31/71

7.724
7.533

1,003

2/28/70

11/30/70
2/28/71

6.995
6.932

1,200

4/22/70

6.549

1,753 2/

1,745

3/3/70

6.177

1,758

1,749

125
312

500

1,003

^

501

1,001
500
502

1,201
500

254
336

47
123

194
318

23
118

14

184
266

180

106

11

201

151

2

600

27

116
259

157
305

10

200

77
215

16

3/22/71

6.452

2,517

2,483

7/8/70

6.504

2,261

2,256

6.510
6.396

1,204

9/30/70

6/30/71
9/30/71

6.237
6.216

1,202

10/21/70

6/22/71

5.970
6.153
6.072

1,201

11/30/70

8/31/71
11/30/71

5.084
5.010

1,201

12/31/70

9/30/71
12/31/71

4.949
4.886

1,201

1/31/71

10/31/71
1/31/72

4.269
4.249

1,199

2/28/71

'11/30/71
2/29/72

3.691
3.675

1,201

3/30/71

4/22/71

3.671

12/31/71
3/31/72

3.507
3.587

1,200

4/30/71

1/31/72
4/30/72

4.403
4.422

1,200

5/31/71

2/29/72
5/31/72

4.688
4.790

1,201

6/30/71

3/31/72
6/30/72

5.425
5.567

1,200

58

55

33
5

252

a

9
638

170
447

49
59

501

156
414

160
216

11
15

159
454

105

501

100

224
250

5

22

153
446

101

152
358

19
113

38?

15

19

:.5io
16."

167

1

409

304

17

501

125
317

160
339

10
38

501

150
373

211
211

500

200
377

133
246

501

205
427

137
310
798

2,001 5/

3/31/71

129

303

500

2,515

7/31/71
10/31/71

170
396

21

20
17

501

10/31/70

6

19

1,201

5/31/71
8/31/71

138

145
324

7.068
7.079

8/31/70

164
546

125
333

3/31/71
6/30/71

1,202

12
22

179

6/30/70

6.467
6.380

29
161

141

1,200

4/30/71
7/31/71

170
398

125
315

7.353
7.277

7/31/70

9

47
146

125
336

2/28/71
5/31/71

32
178

194
438

1

176

5/31/70

25

8

133
317

1,200

4/22/71

2

126
279

6.843
6.814

501

5

61

1/31/71
4/30/71

500

13
102
7

228

150
269

500

201
450

11

139
287

328

500

161
128

1,002
1,497

1,007
1,504 2/

7/23/70

19
135

3,004

11/26/69

f

266
190

a

3

10/31/69

4/30/70

110

33

7.244
7.127

6.101
6.132

97
309

2,971

7.204

12/31/70
3/31/71

7

10
83

2,004

7/31/70
10/31/70

3/31/70

12

168
391

2,007

6/22/70

9/22/70

1

12

322

10/29/69

3/26/70

29
27

1,733
1,722

1,763
1,752

7A8/69

I

500

200
498

127
209

500

252
562

65
233

500

200
484

15
250

500

125
473

195
324

January 1973

45

PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series - (Continued)

B

.

Treasury Bulletin

46

PUBLIC DEBT OPERATIONS.
Table PDO-7.

-

Disposition of Public Marketable Securities

Other than Regular Weekly Treasury Bills

Called or maturing securities \/

Date of
refunding
or retirement

Issue
date

Description

Amount
out-

standing

Bill
Bill

7/31/70
7/31/70

7/31/69
7/31/69

1,202

1.2iA%
^3/8S5

Note

8/15/70

5/15/69

2,329

iS

Bond

8/15/70

6/20/63

4,129

8/31AO

8/31/69
8/31/69

7.313)6

7/31/70

Disposition offers
by Treasury

500

I

8/15/70

6,453

Total
-

7.777%

Bill
Bill

-

8/31/70

9/23/70

'b.l77%

Bill

-

9/23/70

'7.350%
7.801%

Bill
Bill

-

9/30/70

-

9/30/70
9/30/70

10/1/70

1-1/2%

Note

-

10/1/70- EO

Bill
Bill

-

IO/31AO

'7.127%
7.724%

-

10/31/70
10/31/70

7. 34056

8/31/70

Note

-

ll/15/70-A

'7.591%
6.995%

Bill
Bill

-

11/30/70
11/30/70

12/31/70

'7.561%
6.101%

Bill
Bill

-

12/31 70
12/31/70

'7.533%
6.843%

Bill
Bill

-

1/31/71

-

1/31/71
1/31/71

5-3/8%

Note

-

2/15/71-C

8/30/67

7-3/4%

Note

-

2/15/71-D

8/15/69

2-1/2%

Bond

-

3/15/71

12/1/44

5-3/8%

Note

-

11/15/71-

7-3/4%

Note

-

11/15/71-G

5/15/70

3-7/8%

Bond

-

11/15/71

5/15/62

A- 3/4%

Note

-

2/15/72-A

2/15/67

7-1/2%

Note

-

2/15/72-C

8/17/70

4%

Bond

-

2/15/72

11/15/62

11/15/70
11/30/VO

5%

_

11/15/66

2/15/71

Total.

2/28/71

6.932%
7.353%

Bill
Bill

2/28/71
2/28/71

2/28/70
2/28/70

3A5/71

2-1/2%

Bond

3/15/71

12/1/44

3/22/71

6.452%

Bill

3/22AI

7/8/70

''6.132%

7.068%

Bill
Bill

3/31/71
3/31/71

3/31/70
3/31/70

4A/71

1-1/2%

Note

4/1/71- EA

4/1/66

4/22/71

r6.504%
3.671%

Bill
Bill

4/22/71
4/22/71

7/23/70
3/30/71

r6.8U%

Bill
Bill

4/30/71
4/30/71

4/30/70
4/30/70

3/31/71

I

4/30/71

I

6.467%

Cash
retirement

Exchange
security
offered

Results of exchange offers
Ex-

changed

Turned
in for
cash 2/

Description of new
securities offered
(See also Table PDO-4)

V

A
B
D
C

.

j
'

January 1973

47
.PUBLIC

DEBT OPERATIONS.

Table PDO-7.

- Disposition of Public Marketable
Securities
Other than Regular Weekly Treasury Bills - (Continued)

Disposition offers
by Treasury

Called or maturing securities 1/

Date of
refunding
or retirement

Issue
date

Description

Results of exchange offers

Description of new
securities offered
(See also Table PDO-A)

Amount
OUtr-

standing

Cash
retirement

Exchange
security
offered

Ex-

changed

Turned
in for
cash 2/

(In millions of dollars)

l^lA?

Note

Note

-

-

5/15/Vl-A

5/15/71-E

8A5/66
10/1/69

4,265

4,265

r 1,780^
1,860

(

4,176

4,176

f 1,672^
1,

3,442

3,442

200

5-3/4*
J

1,133

-3/4*

371

\

Total

626

J

Note
Note

E-1972
E-1974

Note
Note

A- 1974

E-1972

3,452 of 5* Note
3,231 of 5-3/4* Note

1,759

Bill
Bill

5/31/71
5/31/71

5/31/70
5/31/70

1,200
501

1,

6.510)6

5.970*

Bill

6/22/71

10/21/70

2,515

2,515

r7.079i6
6.237JS

Bill
Bill

6/30/71
6/30/71

6/30/70
6/30/70

1,201
501

1,2011

Bill
Bill

7/31/71
7/31/71

7/31/70
7/31/70

1,202

16.153*

1,202^
i/
50lJ

Bond

3/15/71

3/1/62

2,806

2,306

1,708
411^

687

Note
Bond

D-1975
8/15/81

Note

8/15/71-F

2/15/70

2,257

2,257

1,407
202

649

Note
Bond

D-1975
8/15/31

5,063

5,063

3,72

I

I

7.277«

I

i/

501J
I

/

501/^

I

8-1/4*

I

I

'

1

501

Bill
Bill

8/31/71
8/31/71

3/31/70
8/31/70

5.033*

Bill

9/21/71

7/6/71

6.215%
4.949*

Bill
Bill

9/30/71
9/30/71

9/30/70
9/30/70

1,202
501

1-1/2*

Note

10/1/71- EO

10/1/66

72

6.072*
4.369*

Bill
Bill

10/31/71
10/31/71

10/31/70
10/31/70

1,201

3-7/8*

Bond

11/15/71

5/15/62

1,081

5-3/8*

Note

11/15/66

967

11/15/71-

1,204
501

1,204^^
501 j-^

1,752W

500

1,202^^
72

500

j^
1,031

967

7-3/4*

Note

ll/15/71-G

5/15/70

5,836

5,836

4-3/4*

Note

5/15/72-

5/15/67

5,310

5,310

6-3/4*

Note

5/15/72-

11/16/70

2,037

2,037

4*

Bond

9/15/62

2,579

2,579

3/15/72

3,115 of 7* Note
612 of 7* Bond

1,336

3,

509
268

304

633
98

237

'

B-1978
11/15/86

^1/8*

Note
Bond

B-1978
11/15/86

16*
6-1/8*

Note
Bond

B-1978
11/15/86

6*
6^1/8*

Note
Bond

B-1978
11/15/86

6*
6-1/8*

Note
Bond

B-1978
11/15/86

6*

^1/8*

Note
Bond

B-1978
11/15/86

^6*
e-1/8*

Note
Bond

B-1978
11/15/86

16*
.

109

487

Note
Bond

[6-1/8%

2,240

6/

1,446'
187
602
58

I

5*

8/15/72-E

Note

5/15/71

3,452

3,452

(
21, 262

21,262
5.010*
3.691*

Bill
Bill

11/30/71
11/30/71

11/30/70
11/30/70

1,201
501

1,2011
501 i/

14.8
3.507*

Bill
Bill

12/31/71
12/31/71

12/31/70
12/31/70

1,201

1,201,^

14.249*
4.403*

Bill
Bill

1/31/72
1/31/72

1/31/71
1/31/71

1,199
500

^4-3/4*

Note

2/15/67

800

'

1

I

I

2/1 5/72-

500

500

9,399

I

2,781

'3,207 of 6* Note
1,192 of 6-1/8* Bond

J^

l,199l
500

'S)

i/
800

Note
Bond

1^1976
2/15/82

ifr-3/8*

Note
Bond

E-1976
2/15/82

5-3/4*
6-3/8*

Note
Bond

1^1976
2/15/82

'

231

5-3/4*

[^6-3/8*

7-1/2'jt

Note

2/15/72-C

8/17/70

4*

Bond

2/15/72

11/15/62

7-3/4*
4-1/8*
7-1/4*
4-1/4*

Note
Bond
Note
Bond

7/7/7/7/-

2/1 5/742/15/74
5/15/74-D
5/15/74

3/15/70
1/15/65
11/15/70
5/15/64

2,690

2,690

980
3,139
3,125
4,505
3,577

3,139
3,125
4,505
3,577

18,816

13.816

1,821

U4
467
203

'5-3/4*
724
310
I

8/

172
721
1

Total..

1,264
I

Footnotes at end of table.

(Continued on following page)

2,802 of 5-3/4*
2,131 of 6-3/8*

Note
Bond

48

49

January 1973
PUBLIC DEBT OPERATIONS,
- Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills - (Continued)

Table PDO-7.

Date of

50
.PUBLIC
Table PDO-8.

-

Treasury Bulletin

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars;
Kfonth of

Issue
date

Securities

activity

Maturity
date

Interest
rate

Retired

(Percent)

4/8/70
<;/l6/70

6.40
5.424
6.65
6.50
6.80
6.45
6.65
6.65
6.55
5.424
6.40
6.40
6.40
6.40
6.35
6.35

(In millions of dollars)

271
250
100
70
100

6/24/70
6/26/70
6/26/70
7/6/70
7/7/70
7/8/70
7/15/70
7/16/70
7/22/70
7/24/70
7/27/70
7/27/70
7/28/70
7/29/70

10/22/70
10/23/70
10/27/70
10/27/70
10/28/70
10/29/70

12/31/68

11/2/70

6.40

8/5/70
8/10/70
8/17/70
8/24/70
e/25/70

11/5/70
11/10/70
11/17/70
11/24/70
11/25/70

6.45
6.45
6.55
6.55
6.20

5/1/69
8/3/70
8/3/70

8/3/70
12/23/71
1/20/72

6.25
7.25
7.25

6/15/70
6/30/70
7/6/70
7/27/70
9/15/70
9/16/70
9/22/70
9/23/70
9/28/70
9/30/70
O/30/70

9A5/70
9/30/70
10/6/70
10/27/70
12/15/70
12/16/70
12/22/70
12/23/70
12/28/70
12/30/70
12/30/70

6.80
6.45
6.45
6.40
6.35
6.35
5.95
5.95
5.95
5.80
5.80

7/b/70
7/7/70
7/8/70
7/16/70
7/22/70
7/24/70
7/27/70
7/26/70
7/29/70
9/30/70
10/1/70
10/7/70
10/8/70
10/16/70
10/21/70
10/22/70
10/23/70
10/26/70
10/27/70
10/28/70
10/28/70
10/29/70

10/6/70
10/7/70
10/8/70
10/16/70
10/22/70
10/23/70
10/27/70
10/28/70
10/29/70
12/30/70
12/31/70
1/7/71
1/8/71
1/15/71
1/21/71
1/22/71
1/22/71
1/26/71
1/27/71
1/28/71
1/28/71
1/29/71

6.45
6.65
6.65
5.424
6.40
6.40
6.40
6.35
6.35
5.80
5.80
6.05
6.05
5.424
5.95
5.95
5.95
5.95
5.85
5.85
5.85
5.85

Notes

12/31/68
10/28/70

11/2/70
1/20/72

6.40
6.60

Bonds

9/16/64

11/1/70

4.25

30

8/5/70
e/lC/70
8/17/70
8/24/70
8/25/70
9/30/70
11/5/70
11/10/70
11/10/70
11/17/70
11/23/70
11/23/70
11/24/70
11/24/70
11/25/70
11/25/70
11/27/70
11/30/70

11/5/70

6.45
6.45
6.55
6.55
6.20
5.80
5.65

10
50

Certificates of indebtedness
1970 -July.

Notes

Certificates of indebtedness
Aug.

Notes

Sept.

7/8/70
7/16/70
9/24/70
7/23/70
9/11/70
10/6/70
10/7/70
10/8/70
10/14/70

Certificates of indebtedness

Certificates of indebtedness

Oct.

Certificates of indebtedness
Nov.

I

12/31/68
11/2/70

10A6/70

llAO/70
11/17/70
11/24/70
11/25/70
12/30/70
2/5/71

2A0/71

5,

2/10/71
2/17/71
2/23/71
2/23/71
2/24/71
2/24/71
2/25/71
2/25/71
2/26/71

5.

3A/71
11/2/70
2/2/72

450
10
271
100
250
20

50
35

60
10

150
20
250
215
28
8

50
20
400

200
10
271
250
20
30
45
15

10
275
100
10
271
250

)

3,755

30
20
30
30

45
15
40
10

90

35

60
10
125
10
50
25

4.

60
125
10
100
300
120

(Continued on following page)

3,971

10

3O0

6.40
6.50

)

15

5.

4.

4,076

300

35

4.

•

200
100

40

4.

3,911

10

5,

4.

)

30
45
215
15
10

5,

4,

Total outstanding
end of month

4,637

28

January 1973

51

PUBLIC DEBT OPERATIONS.
Table PDO-8.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable In U.S. Dollars)

-

(Continued)

52

53

January 1973
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

Interest
rate

Issue
date

Maturity

7/1/71
7/2/71
7/6/71
7/7/71
7/8/71
7/8/71
7/9/71
7/13/71
7/15/71
7/21/71
7/26/71
7/27/71
7/28/71

10/1/71
10/4/71
10/6/71
10/7/71
10/8/71
10/8/71
10/12/71
10/13/71
10/15/71
10/21/71
10/26/71
10/27/71
10/28/71

3/26/70
3/31/70
7/7/71
7/7/71
7/7/71
7/7/71
7/7/71
7/14/71
7/14/71
7/14/71
7/14/71
7/14/71
7/22/71
7/29/71

7/22/71
7/29/71
7/7/72
7/9/73
7/8/74
7/7/75
7/7/76
7/14/72
7/16/73
7/15/74
7/14/75
7/14/76
8/24/72
8/24/72

6.70
6.79
6.05
6.45
6.65
6.75
6.85
5.80
6.30
6.60
6.70
6.80
5.94
6.15

5/3/71
5/4/71
5/7/71
5/10/71
5/10/71
5/10/71
5/14/71
5/19/71
5/24/71
5/24/71
5/26/71
5/26/71
8/3/71
8/4/7L
8/4/71
8/6/71
8/9/71
8/10/71
8/10/71
8/12/71
8/12/71
8/13/71
8/16/71
8/16/71
8/16/71
8/17/71
8/17/71
8/17/71
8/17/71
8/18/71
8/18/71
8/18/71
8/18/71
8/18/71
8/19/71
8/19/71
8/20/71
8/20/71
8/23/71
8/24/71
8/24/71
8/24/71
8/26/71
8/30/71
8/31/71
8/31/71
8/31/71

8/3/71
8/4/71
8/6/71
8/10/71
8/10/71
8/10/71
8/13/71
8/19/71
8/24/71
8/24/71
8/26/71
8/26/71
11/3/71
11/4/71
11/4/71
11/5/71
3/30/72
11/10/71
11/10/71
11/12/71
11/12/71
11/15/71
11/16/71
11/17/71
11/16/71
11/17/71
11/17/71
11/17/71
11/17/71
9/20/71
9/20/71
9/20/71
11/18/71
11/18/71
9/20/71
9/20/71
9/20/71
9/20/71
9/23/71
9/24/71
11/24/71
11/24/71
11/26/71
9/30/71
10/1/71
10/1/71
10/1/71

3.90
3.90
3.90
3.90
3.90
3.90
3.90
4.35
4.35
4.35
4.50
4.50
5.30
5.30
5.30
5.30
5.90
5.40
5.40
5.40
5.40
5.40
5.40
5.40
5.40
4.95
4.95
4.95
4.95
4.68
4.68
4.68
4.95
4.95
4.55
4.55
4.45
4.45
4.45
4.50
4.75
4.75
4.75
4.50
4.35
4.35
4.35

4/9/70
6/4/70
11/2/70
8/26/71

8/26/71
8/26/71
2/2/72
9/21/72

6.84
7.55
6.50
5.40

6/1/71
6/10/71
8/18/71
8/19/71
8/23/71
8/24/71
8/30/71

9/1/71
9/10/71
9/20/71
9/20/71
9/23/71
9/24/71
9/30/71

4.35
4.55
4.68
4.55
4.45
4.50
4.50

date

Retired

(In millions of dollars)

(Percent)

Certificates of indebtedness

J
^

1971 -Jiay.

Certificates of indebtedness

Aug.

Notes

/
^
^_

5.10
5.10
5.50
5.50
5.50
5.50
5.50
5.40
5.424
5.55
5.55
5.55
5.55

(Continued on following page)

Total outstanding
end of month

115
52
327
30
271
396
86
97
250
40

115
52
327

396
86
97

g.wi

)

5

20
25

100
100
200
200
200
200
200
200
200
200
200
200
100
100
75

100
60
135
60
110
42
58

140
35

30
100
75

150

150

55

60
200
40
110
70
300

100
20
245
60
>

505
350

100
10
237
230
92

230
92

35

596
552
65
155
28
631
155

65
155
28
153

la
35

30
167
,180
15

29
100
100
1

200
280
35

237
552
478
155
167

14,385

54

Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

January 1973

55

^PUBLIC DEBT OPERATIONS.
Table PDO-8.

-

Foreign Series Securities

(Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

(Payable in U.S. Dollajs)

Month of
Activity

Issue
date

Securities

Interest
rate

Maturity
date

(

Certificates of indebtedness
1971 -Dec.

12/1/71
12/20/71
12/20/71
12/23/71
12/24/71
12/30/71
1/3/72
12/30/71
1/3/72
2/17/72
3/1/72
3/7/72
3/7/72
3/14/72
3/15/72
3/17/72
3/20/72
3/20/72
3/20/72
3/23/72
3/24/72
3/24/72
2/29/72

8/3/70
12/6/71
12/7/71
12/23/71

12/23/71
3/22/73
4/26/73
3/29/73

10/1/71
10/4/71
10/7/71
10/8/71
10/8/71
10/15/71
10/21/71
10/28/71
11/10/71
1/3/72
1/3/72
1/4/72
1/7/72
1/7/72
1/7/72
1/10/72
1/14/72
1/21/72
1/28/72

1/3/72
1/4/72
1/7/72
1/7/72
1/7/72
1/14/72
1/21/72
1/28/72
1/3/72
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/7/72
4/10/72
4/14/72
4/21/72
4/28/72

4.70
4.70
4.55
4.55
4.55
5.424
4.50
4.45
4.00

8/3/70
10/28/70
1/20/72
1/20/72

1/20/72
1/20/72
4/26/73
5/24/73

7.25
6.60
4.30
4.30

11/4/71
11/10/71
11/12/71
11/12/71
11/15/71
11/16/71
11/16/71
11/17/71
11/17/71
11/17/71
11/17/71
11/18/71
11/18/71
11/24/71
11/24/71
11/26/71
11/30/71
12/30/71
2/4/72
2/10/72
2/11/72
2/11/72
2/15/72
2/16/72
2/16/72
2/17/72
2/17/72

2/4/72
2/10/72
2/11/72
2/11/72
2/15/72
2/16/72
2/16/72
2/17/72
2/17/72
2/17/72
2/17/72
2/18/72
2/18/72
2/24/72
2/24/72
2/25/72
2/29/72
2/29/72
5/4/72
5/10/72
5/12/72
5/12/72
5/15/72
5/16/72
5/3 6/72

4.25
4.20
4.20
4.20
4.20
4.15
4.15
4.15
4.15
4.15
4.15
4.15

1972-Jan.

Certificates of indebtedness

2A7/72
2/17/''2

2/18/72
2A8/''2
2/24/72
2/24/''2

.

'

2/25/72
2/29/72
2/29/72

5/17/''2

5/17/72
5/17/72
5/17/72
5/18/72
5/18/72
5/24/72
5/24/72
5/25/72
5/30/72
5/30/72

'"Cbnflhued Sn Tollowilig page)

55
50

10

.00

35

3.95
3.95
3.95
4.05
4.05
4.05
4.05
4.05
4.05
3.35

300
100
153
60
48
200
362
163
558
721
158
60
50

7.25
4.80
4.65
4.70

100
175
200

4.10
4.10

3.75
3.75
3.75
3.75
3.75
3.75
3.75
5.424
3.30

3:50

1.15
3.45
3.45

42
60
48
192

14,738

)

163

200

685
75
30
271
44
250
40
25
35

550
35

75
30
271

>

14,703

44
100
250
40
25

100
90

100
90
55

105
70
300
100
60
20
10
350
715
100
600
35
35

15
25
25
25
35
35

3.40
3.15
3.15
3.15
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.1c
3.15
3.15

Total outstanding
end of month

237
712
155
167

.15
.00
.15
.35

Retired

(In millions of dollars)
285
552

Percent)
4.55
4.85
4.85
4.75
4.75
4.70

9/1/71
3/20/71
'V20/71
•V23/71
<?/ 24/71
9/30/71
11/3/71
11/5/71
11/10/71
11/17/71
12/1/71
12/7/71
12/7/71
12/14/71
12/15/71
12/17/71
12/20/71
12/20/71
12/20/71
12/23/71
12/24/71
12/24/71
12/30/71

Certificates of Indebtedness

Issued

141
30
100
50
55

105
70
300
100
60
20

10
350
715
100
600
35
35

141
30

100
50

)

14,703

56

Treasury Bulletin
.PUBLIC
Table PDO-8.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)
- (Continued)

Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars)

Month of
Activity

Secxu-ities

Issue
date

Maturity

11/2/70
11/21/70
1/18/71
2/2/72
2/24/72

2/2/72
2/24/72
2/24/72
12/3/73
5/24/73

6.50
5.15
4.75
4.80
4.25

8/9/71
12/1/71
12/7/71
12/7/71
12/17/71
12/20/71
12/23/71
12/24/71
12/24/71
2/16/72
2/24/72
3/1/72
3/7/72
3/7/72
3/20/72
3/20/72
3/23/72
3/24/72
3/24/72

3/30/72
3/1/72
3/7/72
3/7/72

5.90
4.35
4.10
4.10

date

Interest
rate

Total outstanding
end of month
^(In millions of dollars)

[Percent;

Notes

Certificates of indebtedness

1972^Har.

Notes

Certificates of indebtedness

Apr.

May.

C

Certificates of indebtedness

8

362
721
60
158
60
141

6A/72
6/7/72
6/7/72
6/20/72
6/20/72
6/23/72
6/26/72
6/26/72

1/3/72
1/3/72
1/4/72
1/7/72
1/7/72
1/7/72
1/10/72

1/21/72
1/28/72
2/15/72
3/24/72
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72

4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/7/72
4/10/72
4/14/72
4/21/72
4/28/72
5/15/72
6/26/72
7/3/72
7/3/72
7/3/72
7/7/72
7/7/72

4A0/72

7A0/72

4/21/72
4/28/72

7/20/72
7/28/72

2/18/71
3/25/71
4/7/72
4/7/72
4/7/72
4/7/72
4/7/72
4/7/72
4/27/72

4/27/72
4/27/72
4/7/78
7/7/78
10/6/78
2/7/79
3/7/79
4/6/79

2/4/72
2/10/72
2/11/72
2/11/72
2/11/72
2/15/72
2/16/72
2/17/72

5/4/72
5/10/72
5/12/72
5/12/72
5/12/72
5/15/72

6/a/73

7A9/73

5A6/72

2A7/72

5/17/72
5
7/72

2/17/72

5A7/72

2A7/72

5/17/72
5/18/72
5
8/72
5/24/72
5/25/72
5/30/72
5/30/72
7/3/72
8/4/72
8/10/72

5A0/72
5/12/72
5/12/72
5/16/72

5A7/72

A

7/72
5/17/72
5

5A7/72
5/18/72

200
300
100
111

3/20/72
3/23/72
3/24/72
3/24/72
5/16/72
5/24/72

9/15/76

2/18/72
2/18/72
2/2A/12
2/25/72
2/29/72
2/29/72
4/4/72
5/4/72

22
150

3A7/72

3/15/72
3/30/72

1A4/72

22
100
50

A
A

8/U/72
8/11/72
8/16/72
8/17/72

8A7/72
8/17/72
8/17/72
8/18/72

(Continued on following page)

300
100
111
564

3.45
3.55
3.55
3.85
3.85
3.95
3.95
3.95

362
728
60
159

2.50
5.05

158
200

3.75
3.75
3.75
3.75
3.75
3.75
3.75
5.424
3.30
3.50
3.10
3.95
3.85
3.80
3.80
3.80
3.80
3.80
3.85
3.55

3.90
3.65
6.20
6.20
6.20
6.25
6.25
6.25
4.60

14,456

550
35
75
271

44
30

100
250
40
25
50
60

557
75
)

35

lfc,332

44
30
100
40
25

50
125

400
400
450
400
400
450
175

3.40
3.15
3.15
3.15
3.15
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.15
3.15
3.45
3.45
3.80
3.60
3.50
3.50

>

100
111

55

105
100
70
200
50
20
715
350
10

100
35

600
35
30
50

100
20
>

55

105

70
200
20
10
715
350
100

16,162

57

January 1973
PUBLIC DEBT OPERATIONS.
Table PDO-8.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

Month of
Activity

-

(Continued)

Treasury Bulletin

58

.PUBLIC

DEBT OPERATIONS

Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)

Uonth of

Securities

activity

Issue
date

Maturity
date

Interest
rate

Retired

Certificates of indebtedness

5/24/72
5/25/72
5/30/72
7/19/72
8/4/72
8/10/72
8/11/72
8/11/72

Notes

Certificates of indebtedness

Sept.

Notes

11/24/72
11/30/72

7/22/71
7/29/71
8/24/72

8/24/72
8/24/72
11/29/73

5.94
6.15
5.05

6/20/72
6/20/72
6/23/72
6/26/72
7/18/72
7/19/72

9/20A2

362
728
159
157
200

ll/H/72
ll/'l5/72

IIA6/72
11/16/72
11/16/72
11/17/72
11/17/72
11/17/72
11/17/72
11/17/72

II/24A2

8A1A2

U/I3A2

8/14/72
8/16/72
9/20/72
9/20/72
9/25/72
9/26/72

U/14/V2
11/16/72
12/20/72
12/20/72
12/26/72
12/26/72

3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.65
4.65
4.65
4.65

8/26/71
9/15/72
9/21/72

9/21/72
3/15/77
12/27/73

5.40
2.50
5.60

7/3/72
7/3/72

10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72

15
15
15
15
15
15

7A8/72

9/20/72

9/25A2
9/26/72

10A8/72
10/19/72

7/1S/72

10A8/72
10A8/72

7A8/72

10/18/72

7/18/72
7/18/72

10A8/72

7A9/72

Oct.

7/19/72
7/2C/72
7/J- 76/17 72
10/3/72
10/3/72
10/6/72
10/6/72

10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
11/17/72
1/3/73

1/3A3
1/5/73
1/5/73
1/5/73

lO/fc/72

10/10/72
10/17/72
10/17/72
10/18/72
10/18/7?
10/18/72

1/10A3
1/17/73
1 7/73
1/16/7?
6/73
1
1/18/73
I/I9/7;
1/19/7;

A

55
105
70
50

2

10
275
100
35
600
35

30
100

100
100

200
564
362
728
159
30
50
50

200

3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
3.95
^5

Ml

44
1'*1
,'50

9/23/71
10/26/7.

10/26/7:
34/74

200

1A9/73

85
8'.

!

15
632
50
30
44
100
250
70
300
120
17
24
83
31
193
40
25
40
10

632

1/26/7?

85
85
85

8/4/7;

lx/3/-:'

8/10^72
8/11/72

ll/10/7r

105

11/13/7.'

8/U/72

II/L4A2

70
20

8/15/72
8/16/72
8/16/72
8/17/72

11/1 5 A2

11/16/72
ll/16/''2
ll/17/'72

(Continued on followiiv; page)

15

3.95
3.95
3.95

hl9,745

564

10/19/72
10/20/72
10/27/72

A

19, 728

8

10
4.10
3.95

4.60
4.60
4.60
4.60
4.60
4.75
4.85
4.85
4.35

>

20
15
20
18

70
120
11
25
26
195
40
25

10/V^)/72

Notes

35
30
100
41

8/15/72
8/16/V2
8/16/72
8/16/72
8/17/72
8/17/72
3/17/72
8/18/72
8/18/72
8/24/72
8/25/72
8/30/72

7/6/72
7/7/72
7/7/72
7/10/72
7/17/72
7/17/72

Certificates of indebtedness

3.35

3.85
3.80
3.95
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
4.05
4.35

8/U/72
8/U/72

1972- Aug.

3/24/72
3/25/72
8/30/72
10/19/72
11/3/72
11/10/72
11/13/72
11/13/72
11/14/72

Total outstanding
end of month

20
18
10

>

19,304

January 1973

59
.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

Treasury Bulletin

60

PUBLIC DEBT OPERATIONS,
Foreign Currency Series Securities (Nonmarketable)
Countries
Issued to Official Institutions of Foreign

Table PDO-9.

-

61

January 1973
PUBLIC DEBT OPERATIONS.
Table PDO-9.

-

Foreign Currency Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

62

,,.
.
.

63

January 1973
UNITED STATES SAVINGS BONDS
Table SB-3.

-

E through K

Sales and Redemptions by Periods, Series

(In millions of dollars)

Redemptions 1/
Period

Sales 1/

Accrued
discount

Sales plus
accrued
discount

Sales
price 2/

Amount outstanding

discount 2/

Interest-bearing
debt

Ac crued

Series E and H combined
Fiscal years
1941-62
1963
1964
1965

:

111,445
4,518
4,656
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939

17,545
1,386
1,458
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310

128,989
5,904
6,114
6,045
6,192
6,584
6,470
6,337
6,291
7,138
8,249

84,034
4,500
4,736
4,987
5,305
5,449
5,715
6,198
6,721
5,416
5,331

75,619
3,759
3,982
4,154
4,408
4,536
4,739
5,112
5,484
4,334
4,300

8,416
742
754
833
897
913
976
1,086
1,237
1,082
1,031

44,955
46,359
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
55,921

109,168
4,278
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236

16,869
1,372
1,404
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426

126,037
5,650
6,164
6,101
6,000
6,440
6,578
6,452
6,224
6,574
7,669
8,662

81,551
4,636
4,557
4,841
5,117
5,477
5,439
5,915
6,565
6,281
5. 237

73,539
3,882
3,823
4,061
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,317

8,012
754
733
780
863
916
919
1,017
1,173
1,221
1,020
1,042

44,485
45,499
47,106
48,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579

439

203

642

429

351

78

54,275

521
537
582
502
573
532

213
183
196
199
182
205

734
720
777
702
755
737

525

448
458
428
446
473

411
356
369
340
361
383

114
92
89
88

54,484
54,755
55,075
55,349
55,658
55,921

July.
Aug
Sept . .
Oct
Nov

493
562
472
467

222
194

Dec

450

715
756
679
678
737
673

449
486
438
402
415
339

1966
1967
1968
1969
1970
1971
1972

Calendar years
1941-61
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
Months
1971-Dec

5,359

:

1972 -J an
Feb
Mar.

. .

Apr
May ....
. .

,

June.

.

.

545

207
211
192
223

363
395

358
327
338
316

85
90

86

91
80
75
78
74

56,188
56,457
56,698
56,974
57,295
57,579

Matured
noninterestbearing debt

Treasury Bulletiff\

64

Table SB-3.

-

.,

January 1973

65

.UNITED STATES SAVINGS BONDS.
Table SB-4.

-

Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)

Matured
Unclassified
Total 1/
Fiscal years
1951-56
1957
1958
1959
;.
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972

Series E

Series E
and H

Other

and H

:

38,479
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338

14,322
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043

7,098
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036

31,160
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365

11,506
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053

6,097
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047

1971 -Dec

430

126

125

1972-Jan
Feb
Mar

526
449
458
428
446
47i

167
185
233
155
190

449
487
439
403
416
390

138
192
177
153
133
149

Calendar years
1951-55
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972

„
Months

,

,

,

:

Apr. ...
Kfay.

June .

. .

July
Aug
Sept.

Got
Nov
Dec

. .

181

7,222
2,144
1,824
1,625
1,822
940
925
657
304
246
280
412
260
143
29
9
7

6/

2/
8/

2/

5,ao 1/

23,926
4,657
4,739
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317

18,792
3,132
3,195
3,235
3,285
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317

5,133
1,526
1,544
543
1,356
283
196
139
140
118
104
79

19,461
3,899
5,207

4,225
979
1,886
750
1,075

25

232
185
75
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
-23

6/
6/ 2/
2/ 8/
8/ 2/

4,520
3,938
3,100
3,002

2/

3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305

15,235
2,920
3,322
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,4^1
3,724
3,885
3,305

3,337

3,337

-24

291

291

13

166
185
232
154
189
180

296
159
395
273
268
281

296
159
395
273
268
281

63
105
-170

138
192
176

287
281
308

287
281
308

24
14

153
133
149

267
262
260

267
262
260

Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note:
In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and ajnounts outstanding at current redemption
value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (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 1960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distribution of redemption between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the

2,355
2,072
1,702
2,268
1,089
922
730
426
282
216
391

3,8a

345

209
84
15
8

^
^
6/
7/

825
201
175
125
131
111
107
44
13
2

192
120
266
22

M9
-239
-60
213
-52
-76
6

144
-7
26
228
-431
-83

-11

12

-46
-17
21
-19

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 A% marketable bonds
of 1969.

8/

2/
10/
*

Includes exchanges of Series 1960 F and G bonds for 3-7/8% marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8)6
marketable bonds of 1971 and i% marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matxired and xinmatured issues.
Less than $500,000.

66

.

,,

January 1973

67
.OWNERSHIP OF FEDERAL SECURITIES.

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

1963
1964
1965
1966
1967

Total
Federal
securities
outstanding

Held by U.S. Govemiaent accounts

Non-marke table

Total
outstanding

Public
marketable

Special
issues

Other

Public
issues
held by
Federal
Reserve
banks

1971
1972

313,983
320,344
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154

301,954
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360

55,638
58,598
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460

9,033
9,373
10,351
12,050
13,635
14,694
16,007
16,974
18,092
19,368

44,429
46,546
48 ,549
50,196
56,103
59,374
66,738
76,124
32,740
89,536

2,177
2,174
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056

32,027
34,794
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356

1970-Dec

401,648

387,252

97,093

17,091

77,931

2,071

62,142

1971-Nov..
Dec.

425,382r
435,175

412,733
422,308

104,747
106,045

18,438
18,444

84,253
85,545

2,056

1972- Jan.
Feb.,
Mar.,
Apr.,
May.,
June.

433,432
435,169
438,378
436,295
439,175
438,154

421,090
422,090
425,536
423,535
426,108
425,360

104,447
106,164
105,532
105,534
109,055
111,460

18,355
18,621
18,673
20,445
20,438
19,868

84,037
85,437
84,804
83,034
86,561
89,536

July,
Aug..
Sept,
Oct.,
Nov.

443,287
446,876
445,405
451,429
456,110

430,577
433,572
432,127
438,136
442,420

112,785
115,410
113,548
116,709
116,125

19,785
19,738
19,211
19,288
19,518

90,945
93,616
92,280
95,365
94,551

1968
1969
1970

68

January 1973

69

.TREASURY SURVEY OF OWNERSHIP. NOVEMBER

30. 1972.

The monthly Treasury Survey of Ownership covers securi-

19^1 Treasury Bulletin, for corporations and savings and loan

ties issued by the United States Government, Federal agencies,

associations in the September i960 Bulletin, and for State and

Federally -sponsored agencies, and the District of Columbia.

local governments in the February 1962 Bulletin.

The banks and insurance companies included in the Survey cur-

rently account

for about 90 percent of all such securities

held by these institutions.

The similar proportion for cor-

Holdings

by commercial banks distributed according to

Federal Reserve member bank classes and nonmember banks are

porations and for savings and loan associations is 50 percent,

published for June 30 and December 3I.

and for State and local governments, 70 percent.

ate pension trust funds

Data were

first published for banks and insurance companies in the

Table TSO-1.

Nfey

-

Summary

are

published quarterly, first ap-

pearing in the March 195^ Bulletin.

of Federal Securities

Holdings by corpor-

:

:

Treasury Bulletin

70

TREASURY SURVEY OF OWNERSHIP, NOVEMBER
Table TSO-2.

-

30, 1972

Interest-Bearing Marketable Public Debt Securities

'I

by Type and Maturity Distribution
(Bar values

-

in millions of dollars)

Held by Investors covered in Treasury Survey
State and local
governments

Insurance companies
U.S. Government accounts and

Total
ajDOunt

Classificatlc

outstanding J/

By type security :
Issued by U.S. Government:
Treasury bills
Treasury notes
Treasury bonds

Federal
Reserve
banks

savings
banks
2/

2/

449 fire,
casualty,
and
marine

289
life

466
corporations

316
general
funds

189
pension
and retirement
funds

Held by
all
other
investors 3/

H5

6,880
33,389
6,147

238
1,515
902

156
356
2,460

192
972
1,101

482
,548
843

2,308
2,096
1,041

4,588
2,279
1,917

304
151
1,499

55,625
31,050
16,564

265,621

89,019

46,417

2,655

2,972

2,266

2,872

5,444

8,783

1,954

103,239

128,569
87,671
30,651
8,337
6,038
4,355

38,972
31,498
11,859
3,876
1,770
1,044

14,395
25,614
5,637
549
152
69

511
1,170
505
124
185
159

205
300

556
929
402
229

834
1,126
639
153

3,772
1,489
152
30

113
37

80
40

1

5,586
1,925
683
203
216
170

348
282
277
434
474
139

63,390
23,338
9,577
2,370
2,381
2,182

,266

2,872

5,444

1,°54

103.239

834
1,113
613
99
128

348
178
221
192
578
437

63,390
22,913
8,951
2,237
2,967
2,780

1,°54

103,239

State and local
governments

Held by
all
other
inves-

45,

By maturity distribution
Call classes (due or first
becoming callable )
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over

mutxial

487
savings
and loan
associations

29,893
46,055
13,072

100,666
119,410

Total

485

5,631
commercial
banks

:

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

512

265,621

89,019

46,417

2,655

128 569
86,464

14,395
25,576
5,554
593
221
76

511

205

29,146
7,280
8,050
6,112

38,972
31,014
11,585
3,168
2,605
1,674

1,154
472
93
250
174

260
642
536
728
602

556
903
361
115
253
78

265,621

89,019

46,417

2,655

2,°72

,2^±'

,

Total

920
368
667

1

5,586
1,863
595
225
311
203

85

^444

Footnotes at end of Table TSO-6.

Table TSO-3.

-

Interest-Bearing Marketable Public Debt Securities by Issue
(Par values

-

in millions of dollars)

Held by investors covered in Treasury Survey

Insurance companies

Issue

Total
amount
outstanding 1/

U.S. Government ac-

counts and
Federal
Reserve
banks

Treasury Bills
Regular weekly and annual
maturing:

5,631
conmercial
banks

485
mutual
savings
banks

£/

2/

449 fire,
casualty,
and
marine

289
life

487
savings
and loan
associations

466
corporations

316

general
funds

189
pension
and retirement
funds

tors 3/

:

Dec.
Jan.
Feb.
Mar.
Apr.

May
June
July
Aug.
Sept.
Oct.
Nov.

1972
1973
1973
1973
1973
1973
1973
1973
1973
1973
1973
1973

Tax anticipation:
Apr.
1973
Total Treasury Bills...

Footnotes at end of Table TSO-6.

18,231
18,085
18,508
13,108
8,904
11,208
1,701
1,702
1,803
1,801
1,802
1,802

5,596
6,537
5,961
3,369
2,155
2,684
673
765
339
620
581
612

18

20
30
36
13
30
8
13
45
11
13
1

20
17
17
14
12
31

68

53

46

29

30
16
6
13

55

1

32
25
53
39
37
17

4

»
5

30

2

182
171
217
343
354
336
74

66
20
57

a

102
47
176
118

1,252
928
810
471
284
232
172
84
164
68
38

116
92
61
20
3

1

73

2Q,8°3

10,159
9,424
10,250
7,880
5,156
6,732
616
521
817
740
799
896

l.n35

228

2,012

100,666

767
821
1,076
893
897
1,08°
125
225
284
267
124
86

156

(Continued on following page)

4P2

2

,

30?

4,588

304

'5,625

..

January 1973

71

.TREASURY SURVEY OP OWNERSHIP.NOVEMBER
Table TSO-3.

-

30, 1972.

Interest-Bearing Marketable Public Debt Securities by Issue
(fex values

-

-

(Continued)

in millions of doJJLars)

Held by investors covered in Treasury Survey
Total
amount
outstanding 1/

S, Government accounts and
Federal
Reserve
banks
U,

5,6?1
commercial
banks

485

2/

2/

State and local
governments

Insurance companies

mutual
savings
banks

ii9 fire,
casualty,
and

289
life

487
savings
and loan
associations

466
corporations

mftrine

189
pens ion
general and retirement
funds

316

Held by
all
other
investors 2/

Treasury notes:
4-7/8

^1/2
4-3A
7-3/4
8-1/8
7-3/4
7-1/4
5-5/8

b%
5-3/4
5-3/4
5-7/8
5-7/8
6
5-7/8
7
5-7/8
6-1/4
5-3/4
6-1/2
7-1/2
6-1/4
8

7-3/4
6-1/4
6

6-1/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2

Feb.
Feb.

May
May
Aug.
Feb.

May
Aug.
Sept.
Nov.
Feb.
Feb.

May
May
Aug.
Nov.
Feb.

Feb

May
May
Aug.
Nov.
Feb.
Aug.
Feb.
Nov.
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.

1973-D.
1973-C.
1973-E.
1973-A.
1973-B.
1974-C.
1974- D.
1974- B.
1974-E.
1974-A.
1975-A.
1975-E.
1975- F.
1975- B.
1975-C.
1975- D.
1976-F.
1976-A.
1976-E.
1976- B.
1976-C.
1976- D.
1977-A.
1977-B.
1978-A.
1978-B.
1979-A.
1973- EA
1973-EO,
1974-EA,
1974-EO,
1975-EA,
1975-EO,
1976-EA,
1976- EO.
1977- EA,
1977-EO.

Total Treasury notes

4,268

2,5U
3,792
5,844
1,839
2.960
4,334
10,284
2,060
?,440
4,016
1,222
1,776
6,760
7,679
3,115
^,945
3,739
2,802
2,497
4,194
4,325
5,163
2,264
8.389
S.207
4,561
34
30

1,808
167
2,594
2,684
332
295

976
5,822
37
2,195
1,519
101
80

4,473
2,655
763
1,133
2,857
525
758
1,604
186

3,038
820
3,342
3,604
1,680

1,044
1,383
595
1,215
732
1,404
1,781
2,062
1,175
1,281
1,115
659
834
792
2,668
1,070
2,027
354
1,199
687
1,028
2,069
890
535
1,877
1,954

928
7

15
15

35

27

U
46
30
66

1
1

33
10
26

4

13

157

27
42

38
61
16
30
42
130
38
95

73
27
8
12

5

18

7

12
25
10
73
4

69
39

40

1

43

3

77
53
27
28
41
103
35
31

84
16
31
64
59

46
86
64
161
78
67

1

3

26
1

6

A5
55

19

42
129

9
11
7
8

39

U
U

37

32
17

52

19
43
29
10
70
23
24
223
202
57

1
1

34
42

5

3

3

*

1
1

2
1

27
11

349
246
97
58
139
125
69
61

36
78

43
139
34
58
50

40
78
51

59

32

4

46
12
152
23
6
22
64
125
23

36

A3
15

58
10

2
*

7

4
7

5

U

1

1

138
135
35

1

128

4

23
65
82

2
2

162
130
97
98
82

7
11
7
17

65
95
118
38
129
17
52
46
33
193
30
27
89
125

12
27
6

47

7

19
4
4
6
1
2
3

7
4

819
507
441
1,633
557
935
1,286
1,813
499
1,658
1,080
325
715
1,213
1,916
1,090
1,212
431
895
1,008
1,332
1,583
1,041
700
2,474
2,134
1,666
10

H
7
19
3
16
13

12
6

1

5

2

1_

1

119,410

4O.055

33,389

1,515

1,351
3,894
4,338
2.467
2,852
1,213
1,206
1,505
2,581
1.899
807

135
726
633
542
487

152
964
1,418
704
921
302

50
65
45
49

356

972

16
15
11
8
12

42
92
146
68
66
49

1,548

2,096

2,279

13
83

70
239
252
169
173
77

2

62
227
250
100
117
87
61
87
204
103
4

3

25

24

17

30
41

12
8

31,050

Treasury bonds:
2-1/2^
4

4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
4

3-1/2
7

6-3/8
6-3/8
3-1/4
6-1/8
4-1/4
4

4-1/8
3-1/2
3

3-1/2

1967-72.
1973.
1973

Dec.
Aug.
Nov.
Feb.

1974

May

1974.

Nov.

1974
1975-85.
1978-83.
1980
1980
1981....

May
June
Feb.
Nov.
Aug.
Feb.
Aug.

May
Nov.
Aug.
Feb.

May
Feb.
Feb.
Nov.

.

.

. .

1982.
1984....
1985.
.

.

.

.

1986
1987-92.
1988-93.
1989-94.
1990
1995
1998

Total Treasury bonds
Total marketable public
debt securities

Footnotes at end of Table TSO-6.

2

,

7':i2

2,354
999
1,216
3,768
240
1,516
4,232
970
3,386

U2
483
274
853
749

400
956
1,318
226
866
1,465
70

33
82
131
107

40
518
325
50
96
77

6

4
15

35

40
278
124
377

M

3

54
6

19
22

64
10

189
8
150
29
60
577

35
4

33

42

76
17
16
12
79

2

4

6

14^
21
48

11
170
20
139

13,072

6,147

902

2,460

89,019

46,417

2,655

2,97;

560
1,140
152
892

45,545

265,621

26

41
68

181
4

98
89
82
35
13
27
66
48
16
7
52
1
93
8

38
72

36

24

U

488

23

6
34

402

6

112

13
284
176
39
100

493
1,783
635
1,547

1,041

1,917

1,499

16,564

5,444

3,783

1,954

103,239

1
3

1

4

10
21
28
25
104
56
100
66

24

5

27

35

843

2,266

127

850
1,433
1,452
718
921
480
425
626
989
357
338
993
599
367
220
1,184

13
15

183
58

105

12

))
)

.

January 1973

73

..TREASURY SURVEY OF OWNERSHIP.NOVEMBER
Table TSO-6.

-

30, 1972

_

Securities Issued by Government-Sponsored Agencies

and the District of Columbia
(Par values - in millions of dollars)

Held by investors covered in Treasury Survey

Total
amount
outstand-

Issue

ing

Banits for

4.65^
A. 55

4.90
5.40
5.45
7.30

U.S. Government accounts and
Federal
Reserve
banks

5,631
commercial
banks
2/

Insxirance companies

485

mitual
savings
banks
2/

239
life

449 fire,
casualty,
and
marine

487
savings
and loan
associations

State and local
governments

466
corporations

189
pension
general and retirement
funds
funds
316

Held by
all
other
investors 2/

cooperatives:
Dec. 1972 (Debentures)...
Jan. 1973 (Debentures)...
Feb. 1973 (Debentures)...

Apr. 1973 (Debentures)...
1973 (Debentures)...
Oct. 1973 (Debentures)...

May

Total

Farmers Home Administration
a-T/3% Jan. 1975 (Insured
6-5/8
Aug. 1976 (Insured
Mar. 1977 (Insured
6.35
June 1977 (Insured
6.45
6-7/8
Aug. 1977 (Insured
8.90
Jan. 1980 (Insured
7
Nov. 1980 (Insured
6.40
Mar. 1981 (insured
7-7/8
June 1981 (Insured
7.10
Jan. 1982 (Insured
8-5/8
July 1985 (Insured
7-1/2
Aug. 1986 (Insured

317 2/
353
453
369 2/
331
100

79
96

4

1

5

114

7

2
14

86
48

6
12

54

3

7

1,923 2/

477

37

91

1

14
18

19
21
11

14
6
14
1
1
1

42
37
45
61
41

161
138
240
193
218

3

32

229

1,032

9

137

:

notes)
notes)
notes)
notes)
notes)
notes)
notes)
notes)
notes)
notes)
notes)
notes)

200
150
400
300
400
150
300
200
250
350
300
150

Total

Federal Home Loan Banks
Feb. 1973 (Bonds)
8.35^
5.70
Feb. 1973 (Bonds)
4-1/4
May 1973 (Bonds)
7.20
Aug. 1973 (Bonds)
Nov. 1973 (Bonds)
5.55
8.40
Jan. 1974 (Bonds)
7.10
Feb. 1974 (Bonds)
8.40
Feb. 1974 (Bonds)
6.35
May 1974 (Bonds)
5-3/8
Aug. 1974 (Bonds)
7.65
Aug. 1974 (Bonds)
8
Nov. 1974 (Bonds)
5-7/8
Feb. 1975 (Bonds)
6.10
Feb. 1975 (Bonds)
8.05
May 1975 (Bonds)
7.95
Aug. 1975 (Bonds)
6-1/2
Nov. 1975 (Bonds)
7-3/8
Feb. 1976 (Bonds)
6.95
May 1977 (Bonds)
7.75
Feb. 1980 (Bonds)
7.80
Oct. 1980 (Bonds)
6.60
Nov. 1981 (Bonds)
6.70
Nov. 1973 FHIMC 10/
(Mtg Backed Bonds )
5.30
Aug. 1974 FHMC 10/
(Mtg. Backed Bonds)..
6.15
Feb. 1977 FHIMC 10/
(Mtg. Backed Bonds)..
8.60
Nov. 1976-95 FHIMC 10/
(Mtg. Backed Bonds)..
7.75
Aug. 1977-96 FHIMC 10/
(Mtg. Backed Bonds)..
7.15
May 1982-97 FHIMC 10/
(Mtg. Backed Bonds)..
Issues to State and Local Govts.
FHIMC 10/ (Mtg. Backed Bonds)..

32

82
89

96
119
3

79
69
45
74

12
28
22

3
1

33
1

25
11
48

2

2

11
7
6
3

6
43
28
16

2
7

11
26

35

19
19

3,150

33

705

265

350

6
12

54

22

76

16
17

58
125

7
9
14
24
11
14

38

10
24
17
17
10

246
147
213
93
121

3
3

2

24

2

1

17
12
9
5

17

8

54
4

27
40

63
124
189
151

76

53

169

13

169

1,593

10

27
48
43
45

11

7
13

212
240
219
231
362
234
163
152
144
220
111
165
132
138
151
179
163
166
115
207
121
98

:

.

.

Total
Federal Intermediate Credit Banks
Dec. 1972 (Debentures)
4^
4.80
Jan. 1973 (Debentures)
4.95
Feb. 1973 (Debentures)
4.80
Mar. 1973 (Debentures)
8.15
Mar. 1973 (Debentures)
4.80
Apr. 1973 (Debentures)
5.05
May 1973 (Debentures)
5
June 1973 (Debentures)
5 . 60
July 1973 ( Debentures
7-3/4
July 1973 (Debentures
5.65
Aug. 1973 (Debentures)
6.85
Jan. 1974 (Debentures)
5.95
July 1974 (Debentures)
6.05
Jan. 1975 (Debentures)
5 . 70
July 1975 ( Debentures
Total

Footnotes at end of table.

,

400
400
450
600
300
300
250
300
400
180
225
400
250
265
300

4
6

160
28
80
45
96
89
21

1

1
1

1

17
19
10

3

1
1

59

46
11

?50
300
200
350
200
200

7
3

2
30

50
78
79

28
3

26
13

35

5

14

13
15
30
31
29

4

5

13

8
3

2
50

33

1

5

1

5

43

16

5

20
27
28

2

2

11

35

1

1
10
6

4

13
4

30

158

2

1

IS
10

1

21
26
28

23
59
36
15
20
9

15

47
45
34
66

18
27

7

2

2

150

35

10

7

2

11

85

200

60

3

13

5

9

110

350

74

12

2

46

10

7

198

140

2

19

1

12

2

150

3

18

14

3

150

4

10

1

3

9

21
16

1

95

6

150

13

91

14

112

39

4,611

150

8,261

141

432

56

713

151

339

31

22
19
22
20

85
27
60
32

:

578
514
489
489
203
489
563
508
343
200
540
212
224
240
302

2^
2/
2/
2/
a'

2/

10

104
138
86
117
36
85
82
113
79
44
185
75
68
109
120

5,896 2/

15

1,442

2/

2/
2/
2/
2/
2/
2/
2/
2/

20

26
18
18
10
25
28
13

7

16
11
9
15
14
8
12
11
19
12

(Continued on following page)

5

4

8

44
20
50
12

17
2

15
11

5

26

24

24

12
25

3

5

3

14

10

1

23

1

7

301

142

377

326
282
291
285
137
315
391
309
228
126
283
100
110
98
130
3,411

Treasury Bulletin

74

TREASURY SURVEY OF OWNERSHIP. NOVEMBER
Table TSO-6.

-

30, 1972

Securities Issued by Government-Sponsored Agencies

and the District of Columbia
(Par values

- in

-

(Continued)

millions of dollars;
Held by investors covered in Treasury Survey

Issue

U.S.

ajnount

ment accounts and
Federal
Reserve
banks

outstanding

Fo-if-r-il

7.95i8

i.1/8
5.20
7.95
8.45
5.80
7.80
5.55
4-1/2
5.85
7.30
5.85
5.30
8-3/8
4-3/8
5.70
7.20
6.25
5

-anrl

485

mutual
savings
banks
2/

cial
banks
2/

^tatP and local

Insurance companies

5,631
coraner-

289
life

449 fire,
casualty,
and

487
savings
and loan

govemmontc
462
corpo-

a^socla•Ic-rv!

T.arine

Apr.

July
July
Oct.
Oct.
Jan.
Feb.
Apr.
Apr.

July
Oct.
Jan.
Apr.

July
Oct.
Jan.
Feb.

July
Got.
Apr.

6.40

July

5

Jan.
Apr.
Oct.
Apr.
Apr.

1973
1973-78
1973
1973
1973
1973
1973
197i
1974
1974
1974
1974
1974
1975
1975
1975
1975
1976
1976
1976
1977
1978
1978
1979
1979
1979
1981
1982

(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(Bonds)

Footnotes at end of table

3/
2/

2/

2

10
2

3/

11
17
7

(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures),
(Debentures),
(Debentures),
(Debentures),
(Debentures),
(Debentures).
(Debentures),

1,284
400
200
450
250
146
550
350
350
300
500
500
400
350
350
400
300
250
250
450
600
300
500
350
500
500
450
250
500
300
300
198
500
150
250
300
300
300
350
250
250
250
250
200
200
250
200

85
31
98

29

94
33
97
65
91
17
83
104
100
95
26
22
153
60

20

83

16

2/
2/

2
2
2
3

11
9
106
12
88

41
40
119

1

7
11
3

23
18
14
5

14
14
9
9
15
9
13
15
23
5

4

1

1
1

2
1

7
*
4
6

17
2
18

30

16
2
18

1

7
52
1

1
15
8

30
17
7
20

10

11
2
12
11
4

89
2

15
14
46
19
11

8

10

3

9

3

63

30
7
6

2
2
1
4

•

8

26

*

20

11
9
8
18
2

2

10

3

4

7

1

16
17
31
34
20

9
13

7
12
2
2

3
2

10

3

9

30

2

5

12

1

14

26

12

66

513
31
7
15
6
10
17
41
7
12

13

10

31

1,846

420

14

148
117

12
19

14

32
183

8,181 2/

Total
Federal National Mortage
Association:
Discount notes
Dec.
1972
1.2<yf,
Dec.
1972
8
Mar.
1973
7.30
Mar.
1973
8.30
June
1973
4-1/4
June
1973
6.75
June
1973
8.35
Sept.
6-1/8
1973
8.10
Sept.
1973
Dec.
1973
5-3/4
Dec.
1973
7.15
Mar.
1974
5.45
Mar.
7-3/4
1974
June
1974
5.70
June
1974
7.90
Sept.
1974
5.65
Sept.
1974
7.85
Dec.
6.10
1974
Dec.
1974
6.45
Mar.
1975
6.35
Mar.
1975
7.55
June
1975
5-1/4
Sept.
1975
7.50
Dec.
1975
5.70
Mar.
1976
5.65
1976
June
5.85
June
1976
6.70
Sept.
1976
5.85
6-1/8
Sept.
1976
Dec.
1976
7.45
Feb.
1977
4-1/2
Mar.
1977
6.30
June
1977
6.50
6-3/8
June
1977
Sept.
1977
6-7/8
Dee.
1978
6.75
Sept.
1979
6.40
Deo.
6.53
1979
6-7/8
Mar.
1980
7-1/4
June
1981
7-1/4
Sept.
1981
6.65
June
1982
6.80
Sept.
1982
6.75
June
1983
Sept.
6.75
1983
6-1/4
June
1984

407
148
433
350
198
462
300
450
155
350
354
326
300
220
200
425
300
300
123
150
300
150
269
452
235
400
224
200

32

9
10
20
5

41
41
13

29
33
7
6

17
142
60
100
51
199
143
148
80
106
102
89

369

5

6

11

«

17
10

.39

8
15

12

20
28
22
25

28
8
15

4
4

24
12

4
36
44

20

17

2

24
36
21

12

24
16
16

25
25

27

4

34

33

14

29

31

42
31
39
12

9
59
41

3

4

14
11
6

16
19
10

2

14
6

7
22
2

15

3

6

U3

12

194
217
96
127
59
142
114
113
48
175
89

20

20
22

33
15
16
30

35
25
103
29

22

20
20
14

52

20

2
2

1

7

15
2

4

58
8

34

132
44
72
75
87
123
126
61

17
22

48

9

52

4
9
33
13

59
37
49
44

53

87
65
40
58
30

37

29
20

U

9
30
11

4

13

1

19
24
27
43
31
25
56
43
14
16

13
7

31
22

1

(Continued on following page)

5

13
58

4

6
4

28
6

5

1
5

2

9
9
9

4
1

10
16
17
6
15
13
11
18

1

13

2

10

1

4

12
6

1
3

1

il

3

6
2

4
3

12
1
1

3
3

Held by
IJ

189
pension
316
general and retirement
funds
funds

Banks:

Jan.
Feb.

5-3/8
6.35
5-1/8

6.85
6.80
6.70
6.90

Ooyem-

Total

1
3

10
2

other
nvestors

y

January 1973

75

.TREASURY SURVEY OF OWNERSHIP.NOVEMBER
Table TSO-6.

-

30, 1972.

Securities Issued by Government-Sponsored Agencies

and the District of Columbia

-

(Continued)

Treasury Bulletin

76

.MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER

Amount outstanding

1972,

The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.

Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.

Table MQ-1.

31,

-

Treasury Bills

January 1973

77

.MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER
Table MQ-3.

-

Treasury Bonds

31, 1972.

Treasury Bulletin
78

— MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER

31,

1972

I

..,

79

January 1973
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.

Treasury
bonds 1/

-

Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods

Aa new
corporate
bonds 2/

S.

I.

A.

new Aa
niunicipal

Treasury
bonds 1/

bonds 2/

Aa new
corporate
bonds 2/

S.

I.

A.

new Aa
municipal
bonds 2/

Aa new
corporate
bonds 2/

Treasury
bonds 1/

S.

I.

A.

new Aa
municipal
bonds 2/

Treasury
bonds 1/

Aa new
corporate
bonds 2/

S.

I. A.

new Aa
municipal
bonds 2/

Monthly series - averages of daily or weekly series
1961

1967
3.30
3.20
3.35
3.45
3.25
3.50

Jan.
Feb.
Mar.
Apr.
May.

June
July,

3.90

Aug.

-i.OO

Sept

'i.OS

Oct.
Nov.
Deo.

3.98
3.98
A. 06

4.15
4.14
4.18
4.2,0

4.16
4.13

3.43
3.45
3.40
3.30

4.13
4.1^

4.16
4.16
4.12 5/

3.45

4.14

3.08
3.05
3.15
3.18
3.15
3.20

4.40
4.47
4.45
4.51
4.76
4.86

3.10
3.10
3.15
3.15
3.12
3.10

4.86
4.95
4.99
5.19
5.44
5.36

5.53
5.35
5.55

1965

1970

5.59
5.90
6.06

3.40
3.50
3.50
3.55
3.83
3.90

6.86
6.44 5/
6.39
6.53
6.94
6.99

9.00
8.84
9.00
9.09
9.53
9.70

6.55
6.25
6.15
6.60
7.00
7.10

6.06
6.30
6.33
6.53
6.87
6.93

3.90
3.85
4.00
4.10
4.30
4.35

6.57
6.75
6.63
6.59
6.24 5/
5.97

9.09
9.03
9.00
9.14
8.97

6.22
6.00
6.15
6.25
6.05

8.13

5.20

1968

1971

3.89
3.88
3.90

3.25
3.15
3.10
2.95
3.05
3.15

4.14
4.16
4.15
4.15
4.14 5/
4.14

3.00
3.08
3.10
3.05
3.10
3.20

5.18
5.16
5.39
5.28
5.40
5.23 5/

6.57
6.57
6.80
6.79
7.00
7.02

4.10
4.25
4.35
4.23
4.37
4.47

5.92
5.84
5.71
5.75
5.96
5.94

7.63
7.54
7.62
7.76
8.25
8.15

5.40
5.10
5.00
5.11
5.80
5.89

July.
Aug..
Sept.
Oct..
Nov..
Dec.

3.98
3.94
3.89
3.87
3.87

3.20
3.08
3.05
2.95
2.90
3.00

4.15
4.19
4.25
4.28
4.34
4:43

3.20
3.15
3.30
3.30
3.35
3.45

5.09
5.04
5.09
5.24
5.36
5.66

6.91
6.54
6.69
6.88
7.00
7.28

4.45
4.20
4.30
4.30
4.50
4.63

5.91
5.78
5.56
5.46

8.24
8.14
7.90
7.72
7.67
7.54

5.96
5.62
5.20

Jan.
Feb..
Mar.
Apr.
May.
June.

3.89
3.92
3.93
3.97
3.97
4.00

2.98
3.00
2.95
3.00
3.00
3.10

4.43
4.61
4.63
4.55
4.57
4.63

3.65
3.63
3.65
3.45
3.60
3.70

5.74
5.86
6.05
5.84
5.85
6.05

7.29
7.33
7.76
7.54
7.62
8.04

4.75
4.80
5.10
5.13
5.20
5.60

5.62
5.67
5.66
5.74
5.64
5.59

July.
Aug..
Sept,
Oct.,
Nov..

4.01
3.99
4.04
4.07
4.11
4.14

3.08
3.00
3.10
3.10
3.20
3.15

4.75
4.80
4.79
4.70
4.74
4.65

3.80
4.10
3.93
3.85
3.90
3.80

6.07
6.02
6.32
6.27
6.52
6.81

8.06
8.05
8.36
8.46
8.94
9.22

5.60
5.90
6.05
5.90

5.59
5.59

Jan.
Feb..
Mar.
Apr.
May..
June.

<;.08

A. 09
A. 01

1966

Dec.

Period

Treasury
bonds 1/

V

y

Aa new
corporate
bonds 2/

S.

I.

A.

new Aa
municipal
bonds 2/

Period

Treasury
bonds 1/

iAS

y

5.62

1969

Aa new
corporate
bonds 2/

S.

1972

6.05
6.65

y

5.70
5.69
5.51
5.63

I. A.

new Aa
mxonicipal

bonds 2/

4.87
4.92
5.02

Period

Treasury
bonds 1/

7.36
7.57
7.53
7.77
7.61
7.63

4.99
5.06
5.29
5.30
5.22
5.26

7.72
7.59
7.72
7.66
7.46
7.50

5.28
5.19
5.26
5.09
4.96
4.97

Aa new
corporate
bonds 2/

S.

I.

A.

new Aa
municipal
bonds 2/

Treasury Bulletin

80

AVERAGE YIELDS OF LONG -TERM BONDS,

)

)

January 1973

81

.EXCHANGE STABILIZATION FUND.
Table ESF-1.

-

Balance Sheets as of June

Assets, Liabilities, and Capital

30, 1972

and September

June 30, 1972

30, 1972p

September 30, 1972 p

Assets
Cash:

Treasurer of the United States (includes Undeposited Collections)..
Federal Reserve Bank of New York, special account
Imprest fund

2,877,099.11
267,360,367.00
1,500.00

Total cash

Special drawing rights
Special account of Secretary of the Treasury with Federal Reserve Bank
of New York - Gold
Foreign exchange due from foreign banks;

1,030,684.24
267,860,367.00
1,500.00

270,733,966.11

268,892,551.24

$1,957,631,604.43

1,957,631,604.43

79,939,167.79

76,746,277.58

22,309.07
3,082,803.87
243,400,409.06
221,017.72
5,270.33
5,841.04
155,173,595.50

22,309.07
3,101,734.91
2,587,004.33
227,131.45
5,270.38
2,746.34
155,299,333.63

2,578,479,270.93

2,807,751,326.41
40,125,903.02

1/

Banque Nationale de Belgique
Bank of Canada
Deutsche Bundesbank
Bank of England
Banca d' Italia
Sveriges Riksbank
Banque Nationale Suisse
Bank for International Settlements

Investments in:

Government securities
Foreign securities
U. S.

37,051,1j10.05

Prepaid expense

572.95

Accounts receivable

10,236,933.99

Furniture and equipment (includes automotive equipment)
Less allowance for depreciation

280,764.55

353,196.08
131,935.63

221,260.40

35,600.00

50,000.00
14,850.00

35,150.00

429,39-4.31

L48,629.76

Buildings
Less allowance for depreciation

50,000.00
14,400.00

Land

21,759,940.64

100,000.00

100,000.00

5,336,405,267.44

5,334,509,594.38

Accounts payable

8,207,338.33

17,384,339.61

Special deposit accounts

3,000,000.00

3,000,000.00

1,712,000,000.00
400,000,000.00
164,793,751.60

1,712,000,000.00
400,000,000.00
146,309,327.44

Total assets

Liabilities and Capital

Advance from U. S. Treasury (U. S. drawing on I M.
Special drawing rights certificates
Deferred liability - Foreign Exchange Revaluation
.

F.

Special drawing rights allocations
Capital account
Deduct subscription to International Monetary Fund
Net income (see Table 2

Total liabilities and capital

Note:
Annual balance sheets for fiscal years 1923 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with December 31, 1938 have been published in the Treasury

2,490,605,860.90

2,490,605,860.90

2,000,000,000.00
1,800,000,000.00

1/
p

200,000,000.00

2,000,000,000.00
1,800,000,000.00

200,000,000.00

357,798,316.61

364,710,066.43

5,336,405,267.44

5,334,509,594.38

Bulletin.
Excludes foreign exchange transactions for future and spot delivery.
Preliminary.

:

Treasury Bulletin

82

.EXCHANGE STABILIZATION FUND.
Table ESF-2.

Classification

-

Income and Expense

January 31, 1934 through
September 30, 19'72p

January 31, 1934 through
September 30, 1972p

Tncome

Profits on transactions in:

Gold and exchange f including profits from
handling charges on gold)
Sale of silver to

U. S.

Treasury

Silver
Investments

Miscellaneous

22,350,994.33

5,365,673.12

3,473,362.29

3,473,362.29

102,735.27

102,735.27

1,368,957.14

1,325,207.14

187,279.41

187,024.22

294,273,144.64

320,782,757 59

Interest on:
Investments. ...

Special drawing rights
Foreign balances

Revaluation of SDR holdings and allocations
Total income

Expense

8,081,949.82 DR
175,786,199.79

42,077,097.83 DR.

177 554.694.45
42,077,997.83 DH.

447,382,725.22

456,616,425.13

63,947,867.11

65,750,097.83

:

Personnel compensation and benefits

Travel

3,852,031.58

3,921,323.79

Transportation of things

4,109,423.35

4,124,555.17

Rent, communications, and utilities

1,990,188.52

2,042,723.08

528,138.44

537,°14.06

Other

15,156,759.61

15,519.820.40

Total

39,584,408.61

01,905,434.33

Supplies and materials

Q24

Prior Year Expense

Net Income

p

10,097,031.12 DR.

Preliminary.

357. 798. 316. 61

.

T

364,710,066.43

.

83

January 1973
INTERNATIONAL FINANCIAL STATISTICS.

used in the

The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
A number of changes
and international financial position.
were introduced in the May 1967 and July 1972 issues of the
Bulletin to increase the usefulness of this section.

Table IFS-A shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.

Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.

Table IFS-2 brings together statistics on liquid and
institutions,
nonliquid liabilities to foreign official
and liquid liabilities to all other foreigners, which are

C

-

U.S. Reserve Assets

In millions of dollars)

Gold stock

End of
calendar year
or month

2/;,'?

1957..
1958.,
1959.,
I960.,
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.

Total 2/

22,857
20, 582
19,507
17,804
16,947

32

22, 5^0
21, 504

19,359
18,753
17,220
16,843
16,672
15,450
14,882

le-.os?

15, 596

U,330
15,710
16,964 7/

M,487
12,167 8/
13,150

1971-Dec.

12,167 8/

June.

12,879
12,330
12,270
12,285
13,545
13,339

July.
Aug..
Sept.
Oct..
Nov..
Dec.

13,090
13,124
13,217
13,313
13,307
13,150

1972-Jan.
Feb.
Mar.
Apr.

1/

Total
reserve
assets

2/

15,471
13,806 6/
13,235
12,065
10,892
11,859
11,072
10,206
10', 487

iL
Treasury

22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10,367
10,367
10,732
10,132
10,,410
10,132

10,206

Special
drawing
rights 2/

851
1,100
1,958

Convertible
foreign
currencies

^

116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
?.76

585

439
444
449
454
459
464

10,490
10,488
10,487
10, 487
10,487
10 437

10,410
10,410
10,410
10,410
10,410
10,410

1,953
1,958
1,958
1,958
1,956
1,958

203
234
323

which is not included in
Includes gold in Exchange Stabilization Fund,
statement. See 'Account
Treasury gold figures shown in daily Treasury
Table TUS-4.
of the Treasurer of the United States,"
on January 1, 1970 of $867 million second
1/ Includes initial allocation
and third allocation on
allocation on January 1, 1971 of $717 million
the
drawing rights (SDR)
January 1 1972 of $710 million of special
Manetary Fund, plus or
Special Drawing Account in the International
minus transactions in SDR.
serve System.
Includes holdings of Treasury and Federal B
right oo purchase foreigr, cviricncies equiva2/ The United States has the
if needed
eutinaf-eally
lent to its reserve position In the Fu.nd
could purchase addiUnder approRriate conditions the United States

2/

m

8/

2/

585

464

587
582
586
391
428 2/
434

1,810
1,810
1,810
1,803
1,958 2/
1,958

2/

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

276 8/

10,132
9,588
9,588
9,588
10,410 9/
10,410

6/

Reserve
position in
International
Monetary Fund 5/

1,100

10,206
9,662
9,662
9,662
10,490 9/
10,490

International Monetary
Includes gold sold to the United States by the
deposited by the InternaFund with the right of repurchase, and gold
on the U.S. gold stock of
tional Monetary Fund to mitigate the impact
gold subscriptions to the
foreign pirchases for the purpose of making
liabilities see Table
Fund Snder quota increases. For corresponding

8/

241

276
276
212
429
469
457

^

statistics.

Table IFS-3 presents an area breakdown of United States
liquid and nonliquid liabilities to official institutions of
foreign countries.

Table IFS-1 shows the reserve assets of the United States,
Including its gold stock, special drawing rights held in the
Special Drawing Account In the International Monetary Fund,
reserve
holdings of convertible foreign currencies, and
position in the International Monetary Fund.

Table IFS-1.

United States balance-of-payments

i^
241

tional amounts equal to the United States quota. See Talile tfs-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fjnd in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million resulting from revaluation of the German
mark in October 1969, of which $13 million represents gain on German
mark holdings at time of revaluation. See also footnotes 3 and 4,
Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31^, 1971. See
also footnotes 3 and 6, Table IFS-4.
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar on May 8, 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.

..

84

Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2.

-

U.S. Liquid and Other

and Liquid

Liabilities to Foreign Official Institutions,

Other Foreigners

Liabilities to All
('In

millions of dollars)

Liabilities to foreign countries
Liquid
liabilities

End of
calendar
year
.or month

Total

Liquid

to IMF

arising
from
gold
transactions 1/

Short term
liabilities
reported
by banks
in U.S.

Nonmarket-

Marketable
U.S.

able
convertible U.S.

Gov't
bonds

Treasury
bonds

and

notes

Long-

2/y

and

notes
1957.
1958.
1959.

15,825 3/
16,845 3/
19,428

200
200
500

Liquid liabilities
to other foreigners

Official institutions 2/

n.a.
n.a.

term
liabil-

Nonmarketable
nonconvert-

ities
reported ible U.S.
by banks Treasury
in U.S.
bonds and
notes ^^

Liquid
liabilities
to

banks 6/

Shortterm
liabilTotal

able
U..-'.

ities
Gvv't
reported bor.ds
by banks and
in U.S.
notes 3/J^

Liquid
liabilities
to nonmonetary
international
and regional
organ i-

n.a.
n.a.

,^,520

10,120

n.a.
n.a.

966

4,678

2,940

2,252
2,430
2,399

n.a.
541

764
1,047
1,190

1960 IQ/.....

'20,994
21,027

800
800

11,078
11,088

10,212
10,212

866
876

4,818
4,818

2,773
2,780

2,230
2,230

543
550

1,525
1,541

1961 10/

'22,853
22,936

800
800

11,830
11,830

10,940
10,940

890
890

5,404
5,484

2,871
2,873

2,355
2,357

516
516

1,948
1,949

1962 10/

"24,268
24,268

800
800

12,948
12,914

11,997
11,963

751
751

200
200

5,346
5,346

3,013
3,013

2,565
2,565

448
448

2,161
2,195

1963 iO/

"26,433
26,394

800
800

14,459
14,425

12,467
12,467

1,217
1,183

703
703

9
9

63
63

5,817
5,817

3,397
3,387

3,046
3,046

351
341

1,960
1,965

1964 10/

"29,313
29,364

800
800

15,790
15,786

13,224
13,220

1,125
1,125

1,079
1,079

158
158

204
204

7,271
7,303

3,730
3,753

3,354
3,377

376
376

1,722
1,722

1965

"29,569

834

15,826

13,066

1,105

1,201

120

334

7,419

4,059

3,587

472

1,431

1966 12/

'31,145
31,020

1,011
1,011

14,841
14,896

12,484
12,539

860
860

256
256

913
913

328
328

10,116
9,936

4,271
4,272

3,743
3,744

528
528

906
905

35,819
35,667

1,033
1,033

18,201
18,194

14,034
14,027

908
908

711
711

1,807
1,807

741
741

11,209
11,085

4,685
4,678

4,127
4,120

558
558

677

1965 12/

"38,687
38,473

1,030
1,030

17,407
17,340

11,318
11,318

529
462

701
701

2,341

2,518
2,518

14,472
14,472

5,053
4,909

4,444
4,444

609
465

725
722

1969 12/.

"45,755 11/
45,914

1,019
1,019

15,975 ii/11,054
15,998
11.077

346
346

555 11/
555

1,505
1,505

2,51511/ 23,638

23,786
23,775

19,333
19,333

306
295

429
429

39,679

1967 12/

2,341

691

2,515

23,645

4,464
4,589

3,939
4,064

525
525

659
663

695
695

3,023
3,023

17,137
17,169

4,676
4,604

4,029
4,039

647
565

844
846

1970 12/

'47,009
46,960

1971 12/ 12/.

"67,681
67,810

544
544

51,209
50,651

39,018..

1,955
1,955

6,060
093

144
144

3,371
3,441

10,262
10,950

4,138
4,141

3,691
3,694

447
447

1,528
1,524

65,746
67,681
67,810

544
544
544

48,339
51,209
50,651

37,271
39,679
39,018

1,747
1,955
1,955

,055
,060
,093

170
144
144

3,096
3,371
3,441

11,194
10,262
10,950

4,2U
4,138
4,141

3,733
3,691
3,694

481
447
447

69,066
69,998
71,013
72,215
72,113
74,000

1,455
1,523
1,524

544

51,514
52,799
53,806
54,093
53,579
54,604

39,581
40,679
40,980
38,723
37.850
38,603

2,260
2,448
2,882
2,933
3,283
3,557

,094

6,094
094
8,594
8,594

3,4^1
3,441
3.723
3,723
3,723
3,723

11,171
11,373
11,464
12,433
12,821
13,444

4,153
4,204
4,194
4,242
4,234
4,475

3,763
3,312
3,818
3,853
3,889

390
392
376
389

18,594

138
137
127
120
129
127

4,103

1,684
1,622
1,549
1,447
1,429
1,477

12,094
12,094
12,095
12,097
12,098

117
88
99
97
94

3,647
3,647
3,804
3,651
3,651

12,127
12,912
13,585
14,173
14,819

4,492
4,418
4,630
4,824
4,747

4,122
4,040
'4,241
4,418
4,324

i971-Nov
Dec. 12/

1972-Jan.
Feb..
Mar..
Apr.
May..
June.

July...
Aug
Sept...
Oct. p.
Nov. p.
Note

(

77,473
79,439
79,669
81,307
82,269

59,426
60,586
60,008
60,816
60,977

39,787
40,611
39,628
40,249
40,035

3,781

4,146
4,382
4,722
5,099

Table is based on Treasury Department data and on data reported to
Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the excliision of nonmarketable, nonconvertible U.S. Treasury notes issued to foreign official nonreserve agencies and the inclusion of investments by foreign
official reserve agencies in nonguaranteed bonds of U.S. Federallysponsored agencies. Table excludes International Monetary Flind "holdings of dollars," and holdings of U.S. Treasury letters of credit
and
nonnegotiable, noninterest-bearing special U.S. notes held by other
international and regional organizations. The liabilities figures are
used by the Department of Commerce in the statistics measuring
the
balance of international payments of the United States. However,
this
table does not include changes in liquid claims reported by U.S.
banks
and nonbanklng concerns, which are used in calculating
the net liquidity balance, or certain nonliquid liabilities to foreign
official
Institutions which enter into the calculation of the official reserve
transactions balance. In addition, the balance-of -payments statistics
Include certain adjustments to Treasury data prior to 1963 and
some
rounding differences, and may differ from the Treasury data
because of
varying timing in incorporating revisions.
Includes liability on gold deposited by the International
Monetary Fund
to mitigate the impact on the U.S. gold stock of
foreign purchases for
gold subscriptions to the F\ind under quota increases, and
U.S. Government obligations at cost value and funds awaiting investment
obtained
from proceeds of sales of gold by the International Monetary
Fund to
the United States to acquire income-earning assets.
Includes Bank for International Settlements and European Fund
Derived by applying reported transactions to benchmark data;
breakdown
of transactions by type of holder estimated 1960-1963.
Includes securities issued by corporations and ether agencies of
the United States
Government which are guaranteed by the United States.
;

<.he

2/
i/

12/

566
566

4/

6/

2/
8/

2/

iO/

li/

12/

n.s.

P

395
372

370
378
389

406
423

'

zationsfi/

7,917
8,665
9,154

3,472

I

1,428
1,523
1,446
1,489
1,726

Includes nonguaranteed securities of U.S. Federally-sponsored agencies
'
beginning February 19''2.
Excludes notes issued to foreign official nonreserve agencies.
Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Principally the International Bank for Reconstruction and Development,
the Inter-Aii.erican Development Bank and the Asian Development Bank.
From December 1957 through January 1972 includes difference between
cost value and face value of securities In IMF gold investment account.
Includes total foreign holdings of U.S. Gbvemment bonds and notes, for
which breakdown by type of holder is not available.
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows:
liquid $17 million; nonliquid $84 million.
Data on the second line differ from those on the first line because
certain accomits 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 cfflcial institutions of foreign countries are
increased in value to reflect market exchange rates as of December 31,
1971, as follows:
U.S. Treasury certificates, $7 million; nonmarketable
convertible U.S. Treasury bonds and notes, $33 million; and nonmarketable
nonconvertible U.S. Treasury bonds and notes, $70 million.
Not available.
Preliminary.

85

January 1973

INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.

U.S. Liquid and Other Liabilities to Official Institutions
of Foreign Countries, by Area
(In millions of dollars)

Total
foreign
countries

End of

calendar year
or month

Western
Europe
1/

1963

U,425

3,508

1964

15,786

9,325

1965

15,826

8,826

1966 i/

14,841
14,896

7,772
7,772

1967

18,194

10,321

1968 i/

17,407
17,340

8,070
8,062

2/

15,975
15,998

'

1969

'

1970 2/

1971

2/1/

1971-Nov
Dec. 2/ 5/

1972-Jan
Feb
Mar
Apr
May
June

July
Aug
Sept
Oct. p
Nov. p....

V

V

7,074 A/
7,074

V

23,786
23,775

13,620
13,615

51,209
50,651

30,010
30,134

48,339

.

,

,

Treasury Bulletin

86

INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4.

Nonmarketable U.S. Treasury Bonds and Notes

-

Issued to Official Institutions of Foreign Countries
fin millions of dollars or dollar equivalent)

Payable in dollars

End of
calendar
year
or month

1962
1963
1964
1965
1966

Total
Total

251
893

i,ao
1,692
695

"1967

1,563
3,330
3,181 ij
3,563
^
9,657 1/

1968
1969
1970
1971

15,372

1972

1971-Dec.

9,657 1/

1972 -J an.

BelgivuD

163
354
484
353
516
1,692
1,431
2,480
7,829

32
32
32
32

14,333

20

7,829

7,829
7,829
8,188
10,688
10,688
10,688

32
32
32

14,188
14,188
14,345
14,345

32
32

Oct.

15,864
15,864
16,022
15,371

Nov.

l'),'''?2

Dec.

15,872

U,345
U,333

July
Aug.

Sept

Germany

Italy

Sweden

125
329

1;

299
144

160
184
17"
146

25
25
25
25
25
25

314

9,658
9,658
9,940
12, ^4C
12,441
12,441

Feb.

Mar.
Apr.
May.
June

Canada
1/

32
32
32

32
32
32
20

1,334
1,129
2,289
2,640

20

15
15
15
15

25
'-

.'.JUU

Taiwan

Thailand

20
20
20
20

100
100
100
100

2,840

11,315

15

20

xoo

2,640

5,000

22

15

20

100

2,640
2,640
2,840
2,840
2,840
2,840

5,000
5,000
5,158
7,658
7,658
7,658

22
22
22
22
22
22

15
15
15

20

15
15
15

20
20

100
100
100
100
100
100

2,840
2,340
2,840
2,840
2,840
2,840

11,158
11,158
11,315
11,315

22
22

15
15
15
15

U,;i5

22
22
22

20
20
20

100
100
100
100

20
20
20

15
1;

ion
VX'

Payable in foreign currencies

End of
calendar
year
or month

1962
1963
1964
1965
1966
1967
1968
1969
1970
1971

Austria

251

1972

1971-Dec
1972-Jan.
Feb.
Mar.
Apr.
May.

June
July.

Aug„
Sept
Oct.
Nov.
Dec.

Belgium

Germany
2/

Italy

Switzerland

Bank for
Internationale.

Settlements

...
.

January 1973

87

INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.

-

Fund

U.S. Position in the International Monetary
(In millions of dollars)

IMF holdings
of dollars at
end of period

Transactions affecting IMF holdings of dollars
during period
.:i^,

Calendar year
or month

i%e^57.
19?S
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972

Payments
of
subscriptions in
dollars
2,063

Transactions by
other countries
with IMF

transactions with JMF

Net
gold
sales
bv IMF

Transactions
in
foreign
currencies 2/''

IMF net
income

dollars

Purchases
of
dollars J/

-45
-2

600

1,031

-2,670
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24

2

11
16

150

1'.'

Ir.

525

435
630

776

22
712 6/
5<1 7/

Oct..

200

-47

2/

5

775

17
1,336
442

-135
626
29
266
165
1,313

268
741
40

-94
-870
-1,034
1,929
1,350

5

541 7/

-4
195
537
-6

-4
-6

-5

-5
-5
-6

-5

-6
-5

-5

Dec.

1/

207

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, $6,700 million in December 1970, and $7,274
million in May 1972 a? a result of change in the par value of the U.S.
dollar.
Under the Articles of Agreement, subscription payments equal
to the quota have been made 25 percent in gold and 75 percent in dollars.
Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations.
Does not include transactions in gold relating to
gold deposit or gold investment (see Table IFS-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-^ years, but only to
the extent that the Fund's holdings of dollars exceed 75 percent of the
U.S. quota.
Pxirchases of dollars by other countries reduce the U.S.
coram itraent to repurchase by an equivalent amount.

Percent
of
U.S.
quota

-2

Nov,

Note;

719

Amount

694

-2

1972-Jan.
Feb..
Mar.

July.
Aug..
Sept.

150

827
271
442
580
521

reserve
position
in IMF

Total
change

-3

1971- Dec.

Apr.
May.
June.

18
12
15

Repurchases

U.S.

28
29

at end of
period

V

775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810

55
71
91
94

6,115

91

585

6,113
6,118
6,114
6,309
6,846
6,840

91
91
91
94
94
94

587
582
586
391
428
434

6,835
6,831
6,825
6,820
6,815
6,810

94
94
94
94
94

439
444
449
454
459
464

52
62
59

74
75
81
85
94
92

75

94

1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 1/
326
420
1,290
2,324
1,935
585

464

Beginning January 1970, includes dollars obtained by countries other than
the United States from sales of gold to the Fund.
Jt/ Represents the United States gold tranche position in the Fund (the United
States quota minus the Fund's holdings of dollars), which is the amount
that the United States could purchase in foreign currencies automatically
if needed.
Under appropriate conditions, the United States could purchase additional amounts equal to the United States quota.
Includes $259 million gold subscription to the Fund in June 1965 for a
In
U.S. quota increase which became effective on February 23, 1966.
figures published by the Fund from June 1965 through January 1966, this
stock
and
excluded
from
gold subscription was included in the U.S. gold
the reserve position.
6/ Includes $30 million of special drawing rights.
7/ Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
»
Less than $500,000.

2/

^

I

88

Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.

U.S. Net Monetary Gold Transactions with Foreign Countries

and International and Regional Organizations
'In millions of dollars) 1'

Calendar year
Area and country
1967

Western Europe
Austria
Belgium
Denmark
France
Germany
Greece
Italy
Netherlands
Spain
Switzerland
Turkey
United Kingdom
Bank for International Settlements
Other

l"to3

:

-58
600
-11
-209
-19

-30

-50

-379

-835

-5

-90

-•^80

-669

150

50

19

3

Total Western Europe

Canada
Latin American Republics
Argentina
Brazil
Colombia
Mexico
Peru
Venezuela
Other

-«5

:

-25

-10
35

Total Latin American Republics
Asia
Japan
Other
:

Total Asia

Africa
Total Africa
:

Other countries
Total other countries
:

Total foreign countries

International and regional organizations

Grand total

-1,031
3/,

"

;

January 1973

89

.CAPITAL MOVEMENTS,

Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935j
pursuant to Executive Order 656O of January 15, 193'+ > Executive Order 10033 of February 8, 19I+9, and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
Reports are filed with the Fedin the "Treasury Bulletin."
eral Reserve Banks by banks, securities brokers and dealers,
These statisand nonbanking concerns in the United States
tics are then consolidated, and are published by the Treasury
as promptly as possible.
.

The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effecl/
tive with reports as of May 31, 1963The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bxilletin." 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 Treasiiry reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central bajiks and other official institutions of foreign countries, wherever located; and international and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign country or geographical area in which the foreigner is domiciled,
For a
as shown on the records of reporting institutions.
number of reasons, the geographical breakdown of the rei>orted
data may not in all cases reflect the ultimate ownership of
Reporting institutions are not expected to go
the assets.
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 liability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.

Data pertaining to branches or agencies of foreign official institutions are reported opposite the country to which
Data pertaining to interthe official institution belongs.
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe
.

"Short-term" refers to obligations payable on demand
"Longor having an original maturity of one year or less.
term" refers to obligations having an original maturity of
more than one year, and includes securities having no contractual maturity.

Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, including the branches, agencies, subsidiaries, and Dther afInstitutions
filiates in the United States of foreign firms.
which have total reportable liabilities claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, including the current report date, are exempt from reporting.
,

Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
Twice a year they also report their shortthese categories.
term dollax liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, nonbanking concerns , report monthly their transactions in securities with foreigners; the applicable exemption level is
$100,000.

Quarterly reports are filed by exporters, importers. Industrial and conmercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
Such firms
their liabilities or claims are $500,000 or more.
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level applicable to these reports is $100,000.

Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevsmt to the same statistical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.

Section I covers the short-term and long-term liabilities
The
to foreigners reported by banks in the United States.
data exclude the holdings of dollars of the International
Monetaxy Fund derived from payments of the United States
subscription and from the excheunge transactions and other
(Liabilities representing the "gold
operations of the Fund.
investment" of the Fund, however, are included. ) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
The data exclude convertible fortheir domestic customers
eign currencies held by U.S. monetary authorities.
.

Sections III

and IV show respectively the liabilities

.

Treasury Bulletin

90

.CAPITAL MOVEMENTS.

to, and claims on, foreigners reported by exporters, importers, industrial and commercial firms, financial institutions
other than banks and brokers, and other nonbanking concerns
The data exclude the intercompany acIn the United States.
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for(Such transactions are reported by
eign parent companies.
business firms to the Department of Comnerce jn its direct
investment forms ) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking concerns in the United States.
.

Section V contains data on transactions in fti i 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 nonmarketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statistics" section. Table IFS-U).
The data cover new issues of
securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed in
the United States for the account of foreigners, and transactions executed abroeui for the account of reporting institutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts.
The data exclude securities issued abroad by foreign subsidiaries of U.S. corporations, some of which are treated -in the balance of payments
as issues of U.S. corporations.

1/

The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and sellers of the securities; in the case of outstanding issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net flg\ires for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for I969, 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 appeeiring on the books of reporting
brokers and dealers in the United States , in accounts of foreigners with them, and in their accounts carried by foreigners
The data published in these sections do not cover 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 subsidiaries abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Comnerce in its regular reports on the
Iftiited States balance of payments.

Copies of the reporting forms and instructions may be obtained lYom the Office of Balance of Payments Programs, Operations and Statistic:), Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federai Reserve Banks.

91

January 1973
.CAPITAL
Section

I

-

MOVEMENTS.

Liabilities to Foreigners

Table CM-I-1.

Short-Term

-

Reported by Banks

Liabilities

(In rrdlllons

United States

by Type of Foreign Holder

dollars

01'

in the

I

ForeigTi coxintries

Total
shortterm
liabilities

End of
calendar year
or month

International and regional

Banks and other foreigners

Official institutions 1/

Payable in do}.:ars

Payable

Total
Total

Payable
in

Other

foreign
currencies

foreij^-iers

Payable
In
foreign
currencies

IMF

Total

gold
investment 2/

Nonmonetary
international and
regional
1/

1957

U,383

13,641

7,Q17

7,Q17

^,724

3,41.^

2, '52

59

742

200

542

1958

15,367

14,615

8,665

8,665

5,950

3,460

2.4

«

17,261

1959

1965

4,601

2,

77

1,031

500

531

",047

4,705

?.2"«

113

1,442

691 i/

751

104
104

1,317
1,317

613
613 i/

V

704
704

10,212

10,212

fzo, 015
20, 098

18,699
18,781

10,940
10,940

10,893
10,893

46
46

7,759
7,841

5,299
5,380

2,3'^-

958
958

19,907
19,874

11,997
11,963

11,949
11,915

48
48

7,911
7,911

5,251
5,251

2,564
2,56.,

95
95

2,050
2,084

800
800

22,877

21,330

12,467

12,437

30

8,863

5,713

3,046

104

1,547

739 i/

808

800
800

818
818

1962 5/

1964 5/

552

17,260

\

1963

200

7,076

9,154

9,154

752

13,701

1960
1961 1/

16,231

59

'^Q ^

2,35'

(a 518

467

23,849
23,900

13,224
13,220

13,224
13,220

10,625
10,680

7,153
7,213

3,354
3,376

11,-)

ao

1,618
1,618

25,551

24,072

13,066

13,066

11,006

7,360

3,587

59

1,479
1,381

1,250
1,284

679
581
581

487
473

1966 2/

^27, 724
\27, 599

26,343
26,219

12,484
12,539

11,968
12,022

517
517

13,859
13,680

10,023
9,864

3,743
3,743

93
72

1,3a

800
800

1967 i/

657
505

29,370
29,232

14,034
14,027

13,882
13,876

152
152

15,337
15,205

11,132
11,008

4,128
4,120

77
77

1,287
1,273

800
800

31,717

30,234

11,318

10.855

463

18,916

14,298

4,444

173

1,483

Ao, 040
Uo, 199

38,631
38,786

11,054
11,077

10,851
10,874

202
202

27,577
27,709

23,412
23,419

3,939
4,064

226
226

1,409
1,413

800
800

609
613

Ai, 719

40,499
40,541

19,333
19,333

19,184
19,185

148
148

21,166
21,207

16,917
16,949

4,029
4,038

220
220

1,221
1,221

400
400

821
821

761

404
430

53,632
53,662

39,679
39,018

158
165 7/

10,034
13,954
14,644 6/ 10,723 6/

3,692
3,694

228
228

1,772
1,767

400
400

1,372
1,367

53,898
55,404
55,430

52,198
53,632
53,662

37,271
39,679
39,018

37,112 I
39,521 I
38,854 6/

158
158
165

10,981
14,927
10,034
13,954
14,644 6/ 10,723 6/

3,733
3,692
3,694

213
228
228

1,701
1,772
1,767

400
400
400

1,301
1,372
1,367

56,442
57,329
57,654
56,287
55,828
57,466

54,515
55,864
56,262
55,009
54,560
56,150

39,581
40,679
40,980
38,723
37,850
38,603

39,415
40,513
40,813
38,556
37,683
38,436

166
167
167
167
167
167

U,935

10,904
11,067
11,115
12,106
12,488
13,092

3,764
3,811
3,818
3,852
3,890
4,103

267
306
349
327
333
353

1,926
1,465
1,391
1,278
1,268
1,316

400

15,184
15,283
16,286
16,710
17,547

1,526
1,465
1,391
1,278
1,268
1,316

57,302
58,884
58,687
60,121
60,690

56,036
57,563
57,454
58,845
59,178

39,787
40,611
39,628
40,249
40,035

39,617
40,441
39,457
40,078
39,864

170
171
171
171
171

16,249
16,951
17,826
18,596
19,143

11,817
12,627
13,277
13,810
14,433

4,122
4,039

309
284
308
368

1,266
1,322
1,233
1,276
1,512

1968

1969 i/

1970 5/

1971 i/ 6/

1971-Nov
Dec.

i/ 6/..

1972-Jan
Feb

Mar
Apr
May
June

July
Aug
Sept
Oct. p
Nov. p

2/

(

6/

I

6/

39,521
38,854

6/

Includes Bank for International Settlenents and European Fund.
Short-term U.S. Government obligations at cost value and funds awaiting Investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
Principally the International Bank for Reconstruction and Development
Includes difference between
and the Inter-American Development Bank.
cost value and face value of securities in IMF gold investment account

7/

2/

6/

7/

($14 million at end 1971).

i/

In addition, IMF gold Investment included investnents in U.S. Government bonds and notes which amounted to $109 million at end 1960, $187
million at end 1961, and $61 million at end 1963.

p

4,241
4,418
4,324

387

683

1.266
1,322
1,233
1,276

1,512

changes
Data on the two lines shown for this date differ because of
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
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 exchange rates as of
Dec. 31, 1971.
Preliminary.

Treasury Bulletin

92

.CAPITAL MOVEMENTS.

..

:

,

93

January 1973
.CAPITAL MOVEMENTS.
Section

Table

I

-

by Banks in the United States
Short-Term Liabilities by Type of Liability - (Continued)
Part B - International and Regional Organizations

Liabilities to Foreigners Reported

CM -1-2.

-

(In millions of dollars)

End of
calendar year
or 'month

Total
international
and regional

certificates 1/

1,317

200
200
500
691
613 A/

2,050
2,084

800
^00

74.?

1957.

752
1,031

1959.
1960.
1961.

1,W2

1962 1/.

1,547
1,618
1,479
1,381

1963.
196.4.

1965.
1966.

1967 5/.
1968.
1969.
1970.

1971 5/.

1971-Nov
Dec. 5/.
1972- Jan..
Feb..
Mar.
Apr.
May.
June.

July ..
Aug
Sept
Got.

p.

Nov.

p.

IMF gold
investment
U.S. Treasury
bills and

V

Treasury Bulletin

94

MOVEMENTS.

.CAPITAL
Section

I

-

Reported by Banks

Liabilities to Foreigners

Table CM-I-3.

-

in the

United States

Short-Term Liabilities by Country

(position at end of period in mill ions of dollars)

Calendar year

Country
1-70

1969
Europe
Austria

y

July

:

BelgiuiTt-Luxembourg.

Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway

(:?/

1,330

2,267
7,520
184
1,330

463

762
324
274
198
503

762
324
274
198
503

1,948
46
5,509

1,948
46
5,504

271
685
303
203
791
3,248
68
7,374

37
594

}!,

34

1,369

309
202

184

ii,3";9

50

594
15
54

Total Europe

21,675

Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

254
701

117
2,267
7,520

Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Exirope

a2
2,005
28

1,55;

168
160
3,150
6,596
170
1,888

254
701
168
160
3,150
6,596
170
1,888
270
685
303
203
792
3,249
68
7,379

54

14
53

1,391
14
53

22,653

22,648

27,503

27,530

28,293

4,012

4,019

4,056

,441

3,441

<,Q6c

416
459
400
261

539
346
266
247

539
346
266
247

441
342
191
188

7

6

?21

98
39

821
147
225
118
735
620
745
98
39

709
154
164
108
963
656
656
87
36

441
542
191
188
6
715
154
164
108
963
655

37

459
628
136
190
7
733
154
179
117
919
669
486
94
40

4,952

4,952

4,702

4,708

4,809

258

31 ;

312

3°
311
105

11

Canada

185
597
189
117

254
962
215
1A6
3,514
6,483
179
1,375
847
654
269
231
1,044
2,626
44
7,914
90
1,367
10
68

3a

Portxigal

185
597
189

153
120
1,581
1,381
207

531

15

:

14C
240

in
American Republics
Bermuda
Antilles and Surinam
America

Total Latin America

691
576
,405
80
34

5,670

Asia
China Mainland
Hong Kong
India
Indonesia
Israel

147
225
118
735
620
745

656
87

:

33

258
302

Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia

(

Egypt)

89

86
146
,809
236

7-

302
73

135
5,150
199

5,150
199

201
19l
c2g
606

285
275
508
70B

285
275
508
717

595

595

113
140
14,096
198
346
383
177
706

6,417

7 Q26

7,936

16,432

16,429

16,61:'

14
11
83

14
11
83
17
395

12
9
78
24
474

12
9
78
24
474

18
11

26-:.'

.Japan

Africa :
Congo (Kinshasa)
Morocco
South Africa
Uni ted Arab Republic
other Af ri ca

36
ri''

66
23
505

17
395

135

6"-

150
14,294
201
304
258

12b

Total Africa
Other countries
Australia
All other

63
150
14,295
196
306
258
126

5 "7
:

389

389

916

39

916
42

Total other countri es
Total foreign countries

International and rerional
International
European regional
Latin American regional
Asian regional
African regional

Total international and regional
Grand total

38,786

40,499

40,541

53,Di2

1,261
6
100
4t

975
17
131

975
17
131
93

1,332

5

5

1,413

40,199

1,327

8

8

298
129

298
129
5

1,767

76
19
608
-

:

Aug..

Sept.

Cct.

p

.

.

January 1973

95

.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 November 30, 1972

Preliminary
(Position in millions of dollars)

Short-term liabilities payable in dollars
Total
shortterm
liabilities

Country

Europe
Austria
Belgixjm-Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
:

.

.

Portxigal

Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.

2A5
1,070
254
152
4,630
5,515
190
1,377
1,443
965
413
223
1,082
2,863
101
5,434
98

1,454
10
58

Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

:

54"
•^64

135
185
6
659
150

American Republics...
Bermuda
Antilles and Siirinam.
America

Total Latin America

Asia
China Mainland
Hong Kong

183
133
926
751
575
89
57

4,Q61

:

39

India
Indonesia
Israel
Japan
Korea
Philippines

Taiwan
Thailand
Other Asia
Total Asia.

19,182

Africa
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:

17
11
83
24
678

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.

1,512

To foreign banks and official institutions

Total

Treasury Bulletin

96
.CAPITAL
Section

Table CM-I-5.

-

I

-

MOVEMENTS.

Liabilities to Foreigners Reported by Banks in the United States

Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately

January 1973

97
.CAPITAL MOVEMENTS.
Section

I

-

Reported by Banks in the United States
Long-Term Liabilities by Type

Liabilities to Foreigners

Table CM-I-6.

-

I'll!

millions of dollars)

Treasury Bulletin

98
.CAPITAL
Section

I

-

MOVEMENTS.

Liabilities to Foreigners Reported

Table CM-1-7.

-

Long-Term

by Banks in the United States

Liabilities

by Country

-

.

January 1973

99

.CAPITAL MOVEMENTS.
Section

II

-

Claims on Foreigners Reported by Banks in the United States

Table CM-II-1.

-

Short-Term Claims by Type

(In millions of dollars)

Payable in dollars
Loans
Total
short term
claims

End of
calendar
year
or month

Payable in foreign currencies

Collections
outstanding

Official
institutions

Other
foreigners

for

account of
reporting
banks and
domestic
customers

Acceptances
made for
accoxint

of for-

Deposits
of
reporting
banks and
domestic
customers
with foreigners

Other
shortterm
claims

eigner?

Foreign
government
obligations
and
commercial
and
finance
paper

2,052

930

242

386

303

423

699

147

132

15

2,344

1,268

401

439

428

421

656

198

181

16

2,407

1

309

351

498

460

516

582

192

178

15

1960

3,135

1,29V

200

524

482

605

1,233

460

222

238

1961 1/....

\ 4,777

4,177
4,234

1,046
1,660

?29
329

699
709

618
622

694
700

1,837
1,874

543
543

342
343

200
200

1962

5,101

4,606

1,953

359

953

642

686

495

309

1963

5,887

5,344

1,915

186

955

774

832

2,214

384

543

( f.ai

6,810
7,333

2,652
2,773

223
221

1,374
1,403

1,055
1,150

1,007
1,135

2,600
2,621

552
803

601
624

7,735

7,158
7,243

2,968
2,970

271
271

1,566
1,567

1,130
1,132

1,268
1,272

2,501
2,508

422
492

7,819
7,853

7,399
7,433

3,139
3,141

256
256

1,739
1,739

1,143
1,145

1,367
1,288

2,450
2,540

8,583
8,606

8,158
8,182

3,137
3,150

306
306

1,603
1,616

1,228
1,228

1,511
1,552

3,013
3,013

8,711

8,261

3,165

247

1,697

1,733

f 9,i78
y 9,680

9,063
9,165

3,281
3,278

262
262

1,946
1,943

1,073
1.073

1,954
2,015

10.802

10.1Q2

1,720

1,212

(13,170

12,328
12,381

2,613
2,080 2/

2,199

1957
1958

2,599

1959

196A 1/

7,957

\

r 7,632

1965 1/

\

/

1966 1/

\^

f

1967 1/

\

1968
1969 1/
1970
1971 1/ 2/.

13,277

L971-"ov
Dec

1/ 2/

1972-Jan
Feb
Mar
Apr
May
.Tune

July
Aug
Sept
Oct. p....
Nov. p.
.

2/

.

4,503
3,966 2/

223
224

1,967

186

343

157

42

342
336

182
187

77
102

474
492

325
329

54

95

443
464

420
420

240
241

70
70

110
110

498
467

425
425

287
287

74
70

63
67

2,854

509

450

336

40

73

3,169
3,202

658

352
352

84
89

79

670

516
516

2,389

3,985

766

610

352

92

166

1,667
1,662

2,475
2,475

4,243
4,254

107
686 2/

842
895

549
548

119
173

174
174

96

74

2,429

1,426

2,306

3,897

1,050

d44

457

39

99

(13,170
13,277

12,328
12,381

4,503
3,966 Z/

223
224

2,613
2,080 2/

1,667
1,662

2,475
2,475

4,243
4,254

1,107
1,686 i/

842
895

549
548

119
173

174
174

13,148
13.667
14,047
13,737
13,462
13,572

12,315
12,740
13,046
13,001
12,628
12,738

3,871
4,023
4,175
4,451
4,604
4,767

209
198
167
163
169
162

2,053
2,055
2,141
2,354
2,520
2,584

1,609
1,770
1,867
1,935
1,915
2,020

2,473
2,430
2,476
2,469
2,541
2,650

4,234
4,394
4,410
4,252
3,837
3,482

'1,893

833
926

1,985
1,829
1,646
1,839

.000
785
835
833

501
562
579
498
530
486

228
266
283
177
187
222

104
98
138
111
118
125

14,270
14,365
13,938
13,870
14,484

13,365
13,419
13,051
13,100
13,715

5,062
4,994
4,995
5,163
5,359

161
150

2,791
2,717
2,574
2,666
2,700

2,109
2,127
2,278
2,350
2,501

2,705
2,812
2,889
2,994
3,140

3,227
3,081
2,966
2j961
3,139

2,372
2,533
2,201
1^982
2,076

905
946
887
770
769

519
482
431
408
412

278
338
329

108
126
127
158
138

11.920
.

,

Other
short
term
claims

4.024

143

146
158

lata on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
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

1,737

204
219

of U.S. agencies and branches of foreign banlis on their head offices
and foreign branches which wer^ previously reported as loans are
included in "other short-term claims"; and a number of reporting banks
are included in the series for the first time.
Preliminary.

Treasury Bulletin

100

.CAPITAL MOVEMENTS.
Section

II

-

Claims on Foreigners Reported by Banks in the United States
Table CM-II-2.

-

Short-Term Claims by Country

fFoeitlon at end of period in million£ of dollars)

Calendar year

1972

Country
197C

1969

Europe :
Austria
Bel gixjjn- 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
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

56
40
68
107
205
22

120
51
i

Cei.t.

6
50

40
66
113
186
26
101
61
54
11

70

52

67
99
19
A08
28
9

97
100
9
379

2

3

35
13

.JL.
1,454

1,449

826

1,043

:

American Republics...
Bermuda
Antilles and Surinam.
America

309
317
IS?
225
14
803
S2
161
48
240
295
93
14
on

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

326
325

200
13

909
112
147
63
283
}-',2

196
19
22

3,239

:

Total Asia

1

36
10
30
108
3,432

158
215
49
101
212

4,352

Africa
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa

39
13
56

120
3,890
178
137
95

109
167
4,807

:

Total Africa

Other countries
Australia
All other

7Q
i^'.;

;

Total other countries
Total foreign countries

International and regional
Grand total

13

Oct. p

)

.

January 1973

101

.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of November 30, 1972
Preliminary
(Position in millions of dollars)

Total
short term
claims

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
:

10
S4
57

76
55

123
275

123
251
202

2Q6

27

27
170
101
62

155
85

21
215
123
151

20
21^
116
12°

720

665

58

4

Total Europe

1'

!'•

:a
)2

]o

2.5'.5

2.202

'2

Canada

Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other latin American Republics
Bahamas and Bermuda
Netherlands Antilles and
Surinam
Other Latin America

35-

636
53
306

634
53
^q6

15

13

1.16"
170

1.142
17°

148
3»
3?6
368
401

148
38
3"8
368
302

13
33

Total latin America

<.1°5

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

143

4

:

1

1"

]04

3.076
317

5

) .

Total Africa
Other countries
Australia
All other

105

4.011
31"
:&o
201
183
262

Total Asia

Africa:
Congo (Kinshasa
Morocco
South Africa
United Arab Republic (Egypt
Other Africa

.

40?

Less than $500,000.

:

.

361

2Q0

285

2T1
,

14,4"?

International and regional

*

:82
257

13°
16
115

Total other countries

Grand total

llrCl

20]

10
4
145
16
116

:

Total foreign countries

r
'.'4

14.484

10
4

Treasury Bulletin

102

.CAPITAL
Section

II

-

MOVEMENTS.

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
Total

Total

January 1973

105

.CAPITAL
Section

II

-

MOVEMENTS.

Claims on Foreigners Reported by Banks
Table CM-II-5.

-

in the

United States

Long-Term Claims by Country

Treasury Bulletin

104

.CAPITAL

MOVEMENTS,

Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of November 30, 1972
Preliminary
(Position in millions of dollars')

.

January 1973

105

.CAPITAL MOVEMENTS.
Section III

-

Liabilities to Foreigners Reported by

Table CM-III-1.

-

Nonbanking Concerns

in the

United States

by Type

Liabilities

{In millions of dollars)

Short-term liabilities
End of
calendar yeaior quarter -end
month 1/

Total
liabilities

566

1957.
1958.

Payable in
dollars

Payable in
foreign
currencies

Long-term
liabilities

491

428

b2

75

440

368

71

60
83

1959.

66-;

581

512

69

1960 2/

57^
596

485
507

424
437

61

70

89

blL,

583
600

510
525

73
76

91

ns

673
684

563
572

ii:
113

83
94

Dec

833

678

569

109

155

1962-June 2/.

778
817

626
665

527
551

99
114

798
805

637
644

508
513

129
130

161

1963

775

626

479

148
i8

148

196^ -June 2/.

763
725

622
585

471
441

144

807

700

556

144

810

600

210

1961 -Mar. 2/.

June 2/.

Dec. 2/.

Dec

1965 2/

691

756

943
958

151

}

»}

151^

}

140

j
107

(

136
147

l,a9

1,089

827

262

329

1,78-1

1,815

1,371
1,386

1,027
1,039

343
347

414
428

196S

2,737

1,608

1,225

382

1.129

1969 2/

3,511
4,428

1,786
2,124

1,399
1,654

387
471

1,725

1970

5,780

2,677

2^181

496

3,102

5,547

2,375

1,937

438

3,172

Sept

5,503

2,564

2,109

454

2,939

Dec. 2/.

5,853
5,845

2,704
2,735

2,229
2,276

475
459

3,149
3,110

5,883

2,828

2,399

429

3,055

1966
1967 2/

1971-June

1972-Mar
June p.

Breaks in series arising from changes in
amount to $5 million or less for any year are
cases, only the figure comparable to that for
shown
Data are shovm for calendar year ends and for
quarter ends for which figures are available.

Note:

1/

"

6,123

reporting coverage which
not shovm; in such
the following date is

2/

the most recent five
Data are also shown
p

,

.'.1

2,304

-

for earlier quarter ends wher the reporting coverage changed.
Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date,
Preliminary.

Treasury Bulletin

106

.CAPITAL MOVEMENTS.
Section

III

-

Liabilities to Foreigners

Table CM-III-2.

Reported by Nonbanking Concerns
-

Short-Term

Liabilities

by Country

(Position at end of period in millions of dollars

i/

Data in the two columns shown for this date differ becaut of cnaiiges
in reporting coverage.
Figures In the first column are comparable in
coverage to those shown for the preceding date; fipares in the second

i

in the

United States

January 1973

107

.CAPITAL
Section

III

-

MOVEMENTS.

Liabilities to Foreigners

Table CM-III-3.

-

Reported by Nonbanking Concerns in the United States
Short-Term Liabilities, by Type and Country, as of June 30, 1972
Preliminary
(Position in millions of dollars)

Country

Less than $500,000.

1

Treasury Bulletin

108

.CAPITAL
Section

III

-

MOVEMENTS.

Liabilities to Foreigners Reported by

Table CM-III-4.

-

Long-Term

Nonbanking Concerns
Liabilities

in the

United States

by Country

(Position at end of period in millions of dollars)
'il"r.dar

year

Coimtry
1967

Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Eiirope
U.S.S.R
Other Eastern Europe

1969 1/

1968

:

Total Europe

84

1

38

36

189

66

56
58

50

1

27

134

Xbi,

46°

346

1,041

Canada

42

Latin America :
Argentina
Brazi

Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

American Republics.,
Bermuda
Antilles and Surinam
America

1

10

23

1

1

1

Total Latin America

37

Asia :
China Sfeinland
Hong Kong
India
Indonesi a
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:

Congo (Kinshasa)
Morocco
South Af ri ca
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries
Australia
All other

1
:

Total other countries

Total foreign countries

International and regional
Grand total

4::-'

1970

June

Sept.

Dec.

1/'

. ,
..

January 1973

109

.CAPITAL MOVEMENTS.
Section IV

-

Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1.
111

-

Claims by Type

millions of dollars,!

Short-term claims
End of
calendar year or
quarter -end month
1/

Payable in foreign currencies

Total claims

Total

Payable in
dollars

637

1957.

1958.

9^,3

1959.
'

I960 2/
'

1961 -Mar. 2/..

June 2/.

(
'

Sept. 2/.

720

568

Deposits with banks
abroad in reporter's
o\vn name
78

Long-term
claims

Other short-term
claims payable in
foreign currencies
63

170

63

223

1,009

705

605

32

304

1,775
1,859

1,432
1,505

824
875

58
71

549
560

344
354

1,633
1,701

1,248
1,305

939
968

76
89

233
248

385
396

1,895
1,934

1,496
1,528

1,181
1,208

122
126

193
194

406

2,099
2,117

1,646
1,664

1,323
1,340

131
132

192
192

399

1

453
J

Dec

2,138

1,636

1,335

150

151

502

AW

2,678

1,807
1,974

1,475
1,598-

178
208

153
168

636
704

'2,809
2,867

2,051
2,098

1,625
1,668

214
217

212
212

758
769

'2,929

2,113
2,162

1,712
1,758

201
204

200^
200^

816

2,282

1,877

183

766
882

2,922

2,131
2,188

1,739
1,778

201
199

191
211

723
734

3,297
3,245

2,482
2,430

2,000
1,952

220
219

262^

3,738
3,934

2,776
2,853

2,306
2,338

189
205

281
310

962
1,081

1965 2/

3,565
3,438

2,397
2,299

2,000
1,911

167
166

229
222

1,169
1,139

1966

3,884

2,628

2,225

167

236

1,256

1967 2/

4,483
4,581

2,946
3,011

2,529
2,599

201
203

216
209

1,537
1,570

1968

5,572

3,783

3,173

368

241

1.790

1969 2/

5,925
6,523

3,710
4,159

3,124
3,532

221
244

365
383

2,215
2,363

1970

7,110

4,160

3,579

234

348

2,950

1971- June

7,691

4,708

4,057

303

348

2,982

7,916

4,894

4,186

383

326

3,022

8,322
8,135

5,185
4,997

4,535
4,459

318
290

333
247

3,137
3,139

6,395

5,171

4,551

318

302

3,224

8,605

5,310

4,669

370

270

3,295

2,

1962 -June 2/.

(
Dec. 2/..

1963-J/ar. 2/.

2,979
V.

June 2/.

f

3,0AS"\

\^3,164J
Dec. 2/..

r 2,854
\

196<i-June 2/.

Dec. 2/..

Sept
'

Dec.

2/.

1972-Mar
June p.

Breaks in series arising from changes in reporting coverage which
amoxmt to $5 million or less for any year are not shown: in such
cases, only the figure comparable to that for the following date is
shown.
Data are shown for calendar year ends and for the most recent five
Data are also shown
quarter ends for which figures are available.

Note:

1/

2/

p

260

815

lor earlier quarter ends when the reporting coverage changed.
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in cover-age to those shown for the preceding date; figures on the second line
are comparable to those shown for the following date.
Preliminary.

Treasury Bulletin

no
.CAPITAL MOVEMENTS.
Section IV

-

Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2.

-

Short-Term Claims by Country

January 1973

111

-CAPITAL MOVEMENTS.
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3.
Short-Term Claims, by Type and Country, as of June 30, 1972
Preliminary

Section IV

-

-

f

Country

Position In millions of dollars)

Treasury Bulletin

112

CAPITAL
Section IV

-

MOVEMENTS

Claims on Foreigners Reported by Nonbanking Concerns in the United States

Table CM-IV-4.

-

Short-Term Liquid Claims Reported by Large Nonbanking Concerns bv Type
(In millions of dollars)

Payable in dollars
End of
calendsir year

or nonth

Total
short-term
liquid
claLfHS

L

Deposits
Demand

:

reign currencies

L-epo

Short-term
investments 1/

Total

f

January 1973

113

CAPITAL MOVEMENTS.
Section IV

-

Claims on Foreigners Reported by Nonbanking Concerns in the United States
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of October 31, 1972

Table CM-rV-6.

Treasury Bulletin

114

.CAPITAL
Section IV

-

MOVEMENTS,

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)

..

.

..
.

—

.

115

January 1973
.CAPITAL MOVEMENTS.
in Long-Term Securities by Foreigners
Brokers in the United States
and
Reported by Banks
Sales
of Long-Term Domestic Securities by Type
Foreign Purchases and

Section

Table CM-V-1.
(

-

V

-

Transactions

of capital fr om the United States)
indica
cate net Jales by foreigners or a net outflow
In millions of dollars; negative figures
Corporate and other securl
Marketable U.S. Government bonds and notes

Bonds

Net foreign purchases
CaJ.endar year

Foreign countries

or month
Total

1958
1959
1960
1961
1962
1963
196A
1965
1966
1967
1968
1969
1970

273
165
224
532
-521
302
-315
-151
-427
-121
-lol

-237
524
-98
-20
-207
369

127
512

671
-338
-76
-616

Other
foreigners

Official
institutions

International
and
regional

36
55

-59
-20
-245

-^.3

-A89
-AS

-330
-115

51
59

56

-a

123
-11"

l.obl

1971

1972- Jan. -Nov. P

2,912
4.',6

1971-Nov..

175

Dec.

11

-25
130

-22

2,878
474
209

57

July
Aug
Sept

.

.

1^1

3At?

251

1

11

50

75

6
621
9
12
23

-2
271
321
398
613

103

451
326

-23
1

a3

9

25'3

2'i7

356
395

340
377

12
17
18

40
10

°?^^ ^"=^^^fi!Tnrothrr
of corporations

230
1,035
267
369
418

-

Net
Gross
foreign foreign
purchases
sales

Gross
Gross
foreign
foreign
purchases sales

361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,947

1,929
2,481
1,853
1,543
2,263

1,437
626
731

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

4,091

2,582

1,927

12, 783

94
-18

274
311

180
329

483

32

276
326

269
153
177
78
32

1.303
1,283
1,459
1,181
989
1,148

-33
245
172
294
490

848
1,227
798
998
1,550

17
73
50
-99
-51
9

176
38
1,011
313
1,964
1,202
956
684
1,510

-56
363
202
323
111
198
-349
-413
-333
757
2,270

344
296
392
416
359
246
284
637
542

326
180
180
210

572
357
501

244
182
245
317
177
291

36
27
149
104
122

302
258
352
303
348

266
232
204
199
225

144

496

55

not guaranteed by the United States.
»
Less than $500,000.
Preliminary.

of states and municipalities, and
U.S. Government which are

agenri^of the

Table CM-V-2.

3,437

301
297
503
253
235
241

-2

.

1,019

3,932

72
48
43
2

6

550
274

574
634
742

1,070
4,234
2,688
1,582
1.415

320
189
278

224
365

.

Oct. p.
Nov. p.

1/

-16
13

2,508
1,196
1,487
1,153
1,296
629
932

95
465

3

25

1,23:

Gross
Net
foreign
foreign
purchases purchases

-39
435
252
223
60
207
-173
-375
678

161
83

-34

13S
245

1,188
528
1,603

1,224
1,217
1,730
1,744
1,780
1,367
1,149
1,077
680
585
443
528
691
2,414

purchases
of
corporate
and other
securities

606
258

-5-'

1972-Jan..
Feb..
Mar.
Apr .
May..
June.

Gross
fore ign
sales

Gross
foreign
purchases

Stocks

1/'

Net
fore ign

Securities by Type
Foreign Purchases and Sales of Long-Term Foreign

from the Un ited States)
^- ,4foreigners or a net outflow of capit
„„+ sales
o=i=.= py
r,,,
foreignei^
i_ al
(In millions of dollars; negative figures indicate net
Foreign stO'.k£

^_____—

•

t-

Foreign bonds

Calendar year
or month

Net foreign
purchases
of foreign
securities

-1,363
-750
-645
-830
-1,04£
-1,044
-728
-953
-685
-1,320
-1,695
-1,547

1958..
1959.,
1960
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1963.
1969.
1970.
1971.

Net foreign
purchases

-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,330

1971-Nov..

Dec.

-S68

-796

1,650

2,446

-434
50
51

-11

10

137
185

148
175

-232
-80
-62
9
-191
-230

127
161
188
162
128
109

409
241
250
153
319
339

88
30
12
-51
-39

188
129
173
153

100
98
161
204
171

-42
25
-37
-273
81

July...
Aug
Sept

93
44

Oct.

23
44

.

.

p.

Nov. p.

1_.093

1,915
1,458
1,445
1,262
2,037
2,086
1,343
2,440
2,692
3,187
3,686
2,581
2,441
2,575

-937

-261
-79

1972-Jan..
Feb..
Mar.
Apr..
May..
June.

889
946
883
802

Gross foreign
sales

991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687

-1 ,029
-'--*'^1

1972-Jaii.- Nov. p.

Gross foreign
purchases

132

Net foreign
purchases

-336

Gross foreign
purchases

665
1,361

116

Treasury Bulletin
.CAPITAL MOVEMENTS.
V - Transactions in Lx)ng-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable U.S. Government Bonds and Notes by Country
Section

Table CM-V-3.
firi niillior.s

-

of dollars; negative finires indicate

"

'
"

.

January 1973
.CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes by Country
Section

Table CM-V-4.

-

{Position at end of period in millions of dollars)

Calendar year
Country
Sept.

1971

1970

Oct. p

(See note)

Europe
Austria
.
Bel glum- Luxembourg
Denmark
Finland
Franc
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.3.R
Other Eastern Europe.
:

-

*=•

1
o

507

47.'

323

1

1

19
49

17
45

1
15
45

1
35
45

265

280

293

308

71

71

71

71

52

71
5

Total Europe.

Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

34

60

1

19

500

600

~2W

193

547

5

5

480

424~

422

432

443

478

-ra-

TTT

TTT

InT

432

479

1,717

2,901

3,125

3,310

3,481

3,756

3,136

3.3.21

3,492

3,765

:

American Republics...
Bermuda
Antilles and Surinam.
America

12

1:

Total Latin America

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:

20

U
1,727

79

Total Asia

Africa
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
:

133

Other countries
Australia
All other

133

43

Total Africa.
:

Total other countries
TotEil

foreign countries

International and regional
International
Latin American regional
Asian regional

871

Total international and regional.
Grand total

3,664

3,S86

4,25y

750^

95;

860

2

126

24

30

136
26

136
27

176

2A

136
27

2k

26

156

161

162

203

213

Til

886

2,558

,402

:

50

4,048

Treasury Bulletin

118

.CAPITAL
V

MOVEMENTS.

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 U.S. Government Bonds and Notes, by Country
Section

-

-

(In millions of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States

.

.

.

119

January 1973
.CAPITAL
Section

V

-

Transactions

in

MOVEMENTS.
Long-Term

Reported by Banks and Brokers
- Net
Foreign Transactions

Table CM-V-6.
(In

Securities by Foreigners

United States
Domestic Stocks by Country

in the
in

mUllons of dollars; negative figures indicate net sales by foreigners or

a net outflow of capital from the United States)

1972

Calendar year
1972

Country
1971

1970

1969

July

through

Sept.

Aug

tet. p

Nov. p

Nov. p
Eiircpe :

19
226
-1

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

150
216
-1
^9
189

3

3

1

-10

38

-7

-53

7
1

58

-1
-7
87
131
-1

195
1

128

1

324
-49

60
-13

2

47

6
-1
36
-7

1

2

2
6

2
2

2

1

-ll4

8

15
-1

24

2

1

1

4QO

582

-2
27

1

2

1
1

*

1
65
6

15
-2

2

9
35
255

22
6

-49

-6

-20

3
2

-1
IP

85
44
3
55

1

1

1

56

68

-1
51

61

6^

152

1

lU

564

01

-1
?

1,094

Total Europe.

Canada

2lt2

33

1,751

169

449
13

12?

Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

-3
-1
-1

-1

-3
-1
-1

American Republics...
Bermuda
Antilles and Surinam.
America

47

14
26

-3

-1
-1

46
13

1

-K-

-1
-6
14
-12
-24

-3i
-8

-42

-40

Total Latin America.
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

-6

-1

-1
_o

-lU

6
-9

1

-1

-25

-16

18
5

-1

:

49
-2
2

10

48

5

1

127

23

17

-19

1

-2
11

30
32

103

Total Asia

11

12

Africa
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
:

Total Africa.

Other countries

:

Austrsilia

All other
-1

Total other coimtries
Total foreign countries

International and regional

1,4?1

47F

604

:

Total international and regional.
Grand total

12

80

International
European regional.
Asian regional....
African regional
36

1,487

626

54

82

731

1,927

-'8

1
p
»

Preliminary.
Less than $500,000.

2U;

490

Treasury Bulletin

120

-CAPITAL MOVEMENTS.
V

Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States

Section

Table CM-V-7.

-

-

Net Foreign Transactions

in

Long-Term Foreign Bonds by Country

(In millionE of dollars; negative figures Indicate net sales by foreigners or a net outllow of capital from the United States)

..

.

January 1973
CAPITAL MOVEMENTS,
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
Section

-

indicate net sales by foreigners or
(In millions of dollars; negative figures

Calendar year

Country
1970

1969

Europe
Austria
:

Belgixun- Luxembourg

-19

. .

Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Exirope
U.S.S.R
Other Eastern Europe.

7
63

-30
-4
-1
-9
48

37

-161

-43

1

-58

Total Europe

Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

-3

-2

American Republics...
Bermuda
Antilles and Surinam.
America

-19
-13

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
:

301

Philippines
Taiwan
Thailand
Other Asia

Ifc.
'

-279

Total Asia

Africa
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:

Total Africa.

-3

.

Other countries:
Australia.
All other.

-6

Total other countries
Total foreign countries

International and regional
International
Asian regional

:

Total international and regional
Grand total

Preliminary.
Less than $500,000.

1971

net outflow of capital from the United States)

122

,

.

'

.

123

January 1973
MOVEMENTS.

CAPITAL

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 1971
Section

V

-

{In millions of dollars)

Gross sales by foreigners

Gross pxirchases by foreigners

Country

Marketable
Total
purchases

Europe
Austria
Belgium-Luxembourg.

U.S. Govern-

ment bonds
and notes

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.

142

20
10
1.17"

2

.

3

1

33

67
12

36

938

33
32

1,044

42

-:

',Q

32

172

35

8

3

34

111

3

33
6
57

152

112

60
3.304

226

123

2,392
1
42

Q

U5

'

21

"iO

8
1

10
34

51
19

450

3.005

365

1,397

1
•a 5

-Total Europe.

11- ??1

432

3.3U

3

8,100

634

461

10,182

J£7

1.454

635

534

?,6S1

1,153

92

:

20

54
9
7

1

12
10

117
91

American Republics...
Bermuda
Antilles and Surinam.
America

10
02
20

574

1

3

5

4
15

7

4

1

-J

1

61

20
17

19

144
89

43
37

897
575
11

4_

161

1,393

Total Latin America.

3

1

33

962

12

70
76

21
784
494

1,33

153

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

1

1

2,111

11
30

16

10

Total Asia.

2.56o

:

295

262

14

1

4

30
20

13

1

257

233
25
6
260
527
25
16

1

2

4

6

75

23

276

Africa :
Congo (Kinshasa )
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa

1,183

86

106

1
1

9
51

Total Africa.
Other countries
Australia
All other

20

82

1.743

36

36
:

34
1

Total other countries

A4

Total foreign countries

19.234

2,276

791

123

International and regional :
International
European regional
Latin American regional
Asian regional.
Total international and regional

11,536
452

1,546

1,382

16,997

118

851

1

2

21

10

50
.

824

138

45:

c'12

141

Grand total

20.059

Stocks

11

1,764

31

Corporate and
other

3

19

64

Govern-

4

11
16
1.097
847
10
212
616

6

.

ment bonds
and notes

30

OOi

2b 2

Canada

Latin Ajnerica
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

985

1

U .S

740

35

Denniark

Stocks

Total
sales

Stocks

:

.

Marketable

Corporate and
other
Bonds

Domestic securities

Foreign securities

Domestic securities

1,335

17,909

509

124

125

January 1973
.CAPITAL
Section VI

-

Table CM-VI-2.

MOVEMENTS.

Foreign Credit and Debit Balances in Brokerage Accounts
-

Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)

Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in
the United States, in accoiants of foreigners with them, and in

Treasury Bulletin

126

.FINANCIAL OPERATIONS OF
Section

Table GA-III-1.

-

III

-

GOVERNMENT AGENCIES AND
Federal Credit Programs

Direct Sales and Repurchases of Loans

^TTMr>g

.

January 1973

127

.CUMULATIVE TABLE OF CONTENTS.
February 1972 through January 1973

Issue and page nmnber
1972

Sections
Mar.

Apr.

10
11

10
11

15

14

16
17

21
22

17

18
18

23
23

19

19

24

20

20

25

21

Article
Treasury financing operations
:

Federal fiscal operations
Sujiunary of fiscal operations
Budget receiptc by prir.clpal sources
Chart - Budget receipts by principal sources
Budget outlays by agencies
Undistributed intrabudgetary transactions
Budget outlays by major function
Investment transactions of Government accounts in
Federal securities (net)
Trust funds transactions
Loan disbursements and repayments, net lending, and
loan balances of Federal Credit Programs
Detail of excise tax receipts
Accountability of the Treasurer of the U.S. on an
accounting basis
Summary of internal revenue collections by States,
and other areas
,
,
:

10
11

Federal obligations

Account of the Treasurer of the United States
Status of the Account of the Treasurer of the United
States
Analysis of changes in tax and loan account balances
Summary of cash transactions through the Account of
the Treasurer of the United States
Gold assets and liabilities of the Treasury
:

Monetary statistics
Money in circulation

1'3

:

Federal debt
Summary of Federal debt
Computed interest charge and computed interest rate
on interesi^bearing public debt
Interest- bearing public debt
Maturity distribution and average length of marketable interest- bearing public debt
Special public debt issues
Interest bearing securities issued by Government
agencies
Participation certificates
Debt subject to statutory limitation
Status and application of statutory limitation
Treasury holdings of securities issued by Government
corporations and other agencies
:

20

Public debt operations
Maturity schedule of interesVbearing marketable
public debt securities other than regular weekly
and annual Treasury bills outstanding
Offerings of Treasury bills
New money financing through regular weekly Treasury
bills
Offerings of public marketable securities other than
regular weekly Treasury bills
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations
Allotments by investor classes on subscriptions for
public marketable securities
Disposition of public marketable securities other
than regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries
Foreign currency series sec\arities (nonmarketable)
issued to official institutions of foreign
Gountri es
:

United States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods, ^eries E throxjgh K.
Redemptions of matured and unmatured savings bonds...
Sales and redemptions by denominations. Series E and
H combined
Sales by States, Series E and H combined

64

:

60
61
63

64
65

66
67
69

May

Aug.

Sept.

Oct.

Dec.

Treasury Bulletin

128

.CUMULATIVE TABLE OF CONTENTS
February 1972 through January 1973

ss'je arid

-

(Continued)

page na-nber

vrr.-

Sections
Mar.

Apr.

May

United States savings notes ;
Sales and redemptions by periods.

July

Aug.

67
68

72

67
68

Treasury Survey of ownership

69

73

69

Oct.

Deo.

68

65

64

68
69

6Q
70

66

65
a,

67

67

70

71

66

68

67

69

69

Ownership of Federal securities
Distribution by classes of investors and types of
Issues
Estimated ownership by private investors

Sept.

:

Treasur^if

survey- commercial bank ownership

68
69

70
71

78

76

.

?^rket quotations on Treasury securities
End-of-month closing quotations by issues.
Chart - Yields of Treasury securities
:

76
78

77

79

79

81

77
79

84
86

73
75

75

82

77

74
76

76
78

o3

79

80

i2

JO

87

76

78

77

79

84

80

31

83

81

77

79

78

30

82

79

81

83

80

82

33

SI
83

Average yields of long-term bonds
Averaire yields of Treasury, corporate and municipal
oonds by periods
Chart - Average yields of Treasury, corporate and
municipal bonds
:

85

Exchange Stabilization Fund :
Balance sheet
Income and expense

80

32
S3

31

81

National bank reports :
Income, expenses, and dividends for calendar year 1971
International financial statistics
^.S. reserve assets
U.S. liquid and nonliquid liabilities to foreign
official institutions,' and liquid liabilities to all
other foreigners
U.S. liquid and noiiiquid liabilities to official
institutions of foreign countries, by area
Nonmarketable U.S. Treasury bonds and notes issued to
official institutions of foreign countries
U.S. position in the IMF
U.S. net monetary gold transactions with foreign countries and international and regional organizations....
:

Capital movements between the United States and foreign
countries
Liabilities to foreigners reported by banks in the
United States
Claims on foreigners reported by banks in the United
States
Liabilities to foreigners reported by nonbanking
concerns in the United States
Claims on foreigners reported by nonbanking concerns
in the United States
Transactions in long-term securities by foreigners reported by banks and brokers in the United States. .....
Foreign credit and debit balances in brokerage accounts

87

85

83

86

84

33

85

84

39

86

85

vu

88

87

85

34

87

39
90

88

86
87

o5

88

86

39

91

90

94

93

39

n

86

91

80

84

81

31
82

85

38

92
93

86

82
83

84
85

89

94

83

87

84

36

90

87

89

Q8

95

97

104

101

103

:

91

90

93

92

97
14

102

102

99

98

101

IOC'

105

108

109

105

104

107

106

111

112

113

109

IDS

111

110

115

104

108

105

107

116

121
130

110

114
123

111
120

113
122

118
127

119
128

Foreign currencies acquired by the U.S. Government
without payment of dollars
Foreign currency transactions, summary and country uses|
Foreign currency transactions, U.S. uses and trust funds

115
124

114
123

117
126

125

'.19

:

Financial operations of Government agencies and fux^s
Government corporations and other business- type
activities:
Statements of financial condition
Statements of income and expense
Statements of source and application of funds
Regular Governmental activities:
Statements of financial condition
Federal credit programs:
Direct sales and repurchases of loans
Loans outstanding, excluding interagency loans

123
124

127
12?

:

Trust funds:
Civil Service Retirement and Disability Fund
Federal Old-age and Survivors Insurance Trust Fund.
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund.
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified t.nist, nccnunts

130

130

12--1

126
149

149
!;5

158
159

162
163
164
164
165
165
166
loS
169

130

159
160

174

175
176
177
177
178
178
179
181
18?

158
159

12-

132

172
!73

}}

13C'

17t
177
178
178
I'M

136-

1-79

3

ly
\y-

137
139
]•<

1

DEPARTMENT OF THE TREASURY

POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY

FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

WASHINGTON,

TREAS

D.C. 20226

OFFICIAL BUSINESS

BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS

BONDS

553

iN3\Ni

Treas.
HJ
10
.A2
c.l

U.S. Treasury Dept.

Treasury Bulletin
June 1973.

Jan.

Treas.
HJ

U.S. Treasury Dept.

10
.A2
c.l

Treasury Bulletin Jan.
June 1973.