Full text of Treasury Bulletin : January 1975
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T r e a s u r y B u lle tin
J a n u a r y 1975
)>
D E P A R T M E N T OF T H E T R E A S U R Y
WASHINGTON,
OFFICE O F T H E
D.C.
SECRE TARY
/
January 7975
CONTENTS
Article
- Treasury Financing Operations.................................................. ... V
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations.......... ........................................ ... 1
FFO-2.
- Budget Receipts by Source ...................................................... ... 3
Chart
- Budget Receipts by Source................... *................................. ... 5
FFO-3.
- Budget Outlays by Agency................................................... *...
FFO-4.
- Undistributed Intragovernmental Transactions..................................... ... 7
FFO-5.
- Budget Outlays by Function.................................................... ... 8
FFO-6.
- Investment Transactions of Government Accounts in Federal Securities................ ... 10
FFO-7.
FFO-8.
- Trust Funds Transactions...................................................... ... 11
- Selected Accrual Data Rep6rted by Federal Agencies................................ ...12
6
FEDERAL OBLIGATIONS
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class....
14
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class................................................................ ... 14
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency..... ... 15
FO-4.
- Gross Obligations Incurred Outside the Federal Government Comparative Statement
by Months.................... .............................................. ...16
ACCOUNT OF THE U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury............................. ......... ...17
UST-2.
- Analysis of Changes in Tax and Loan Account Balances.............................. ...18
UST-3.
- Summary of Cash Transactions through the Account of the U.S. Treasury............... ...19
UST-4.
- Gold Assets and Liabilities of the Treasury...................................... ...19
MONETARY STATISTICS
MS-1.
- Money in Circulation.......................................................... ...20
FEDERAL DEBT
FD-1.
FD-2.
- Summary of Federal Debt..................... *................................ ...21
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing.Public-Debt... ...21
FD-3.
FD-4.
- Interest-Bearing Public Debt................................................... ...22
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt... ...22
FD-5.
- Government Account Series..............................................*...... ...23
FD-6.
- Interest-Bearing Securities Issued by Government Agencies.............................24
FD-7.
- Participation Certificates....................................................... 25
FD-8.
- Debt Subject to Statutory Limitation............................................ .. 26
FD-9.
- Status and Application of Statutory Limitation...... '............................... 27
FD-10.
- Treasury Holdings of Securities................................................ .. 28
II
Treasury Bulletin
CONTENTS
PUBLIC DEBT OPERATIONS
PDO-1.
- Maturity Schedule of Interest-Bearing Public Marketable Securities.................. .. 29
PD0-2.
- Offerings of Treasury Bills.................................................... .. 30
PDO-3.
- New Money Financing through Regular Weekly Treasury Bills.......................... .. 33
PDO-4.
- Offerings of Public Marketable Securities........................................ .. 35
PDO-5.
- Unmatured Marketable Securities Issued at a Premium or Discount....................... 38
PDO-6 .
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities...... .. 4-1
PDO-7.
- Disposition of Public Marketable Securities.... ................................. .. 43
PDO-8 .
- Foreign Series Securities..................................................... .. 46
PDO-9.
- Foreign Currency Series Securities.............................................. .. 53
UNITED STATES SAVINGS BONDS
SB-1.
- Sales and Redemptions by Series, Cumulative...................................... .. 55
SB-2.
- Sales and Redemptions by Periods, All Series Combined............................. .. 55
SB-3.
- Sales and Redemptions by Periods, Series E through K.............................. .. 56
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds................................ .. 58
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods............................................... .. 59
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
- Distribution of Federal Securities............................................. .. 60
OFS-2.
- Estimated Ownership of Public Debt Securities.................................... .. 61
TREASURY SURVEY OF OWNERSHIP
TSO-1.
TSO-2.
— Summary of Federal Securities.................................................. .. ^2
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution.... 63
TSO-3.
TSO-4.
TS0-5.
- Interest-Bearing Marketable Public Debt Securities by Issue........................ .. 63
- Securities Issued by Government Agencies........................................... 65
- Securities Issued by Government-Sponsored Agencies and D.C......................... .. 66
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
- Treasury Bills............................................................... .. 70
MQ-2.
- Treasury Notes............................................................... .. 70
MQ-3.
Chart
- Treasury Bonds............................................................... .. 71
- Yields of Treasury Securities.................................................. ..72
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds................. ..73
III
January 1975
CONTENTS
Chart
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds................. ...74
EXCHANGE STABILIZATION FUND
EF3-1.
- Balance Sheet................................................................ .. 75
EFS-2.
- Income and Expense.............................................................. 76
INTERNATIONAL FINANCIAL STATISTICS
IFS-l.
- U.S. Reserve Assets............................................................. 77
IFS-2.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
' Liabilities to All Other Foreigners............................................ .. 78
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area.................................................................... .. 79
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Notes...................................... .. 80
IFS-5.
- U.S. Position in the IMF...................................................... .. 81
IFS-6 .
- U.S. Net Monetary Gold Transactions with Foreign Countries......................... .. 82
IFS-7.
- Weighted-Average of Exchange Rate Changes for the Dollar............................. 83
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-I-1.
- Short-Term Liabilities by Type of Foreign Holder.................................... 86
CM-1-2.
- Short-Term Liabilities by Type of Liability...................................... .. 87
CM-I-3.
- Short-Term Liabilities by Country................................................. 89
CM-1-4.
- Short-Term Liabilities, by Type and Country...................................... .. 90
CM-I-5.
- Short-Term Liabilities, Not Regularly Reported Separately.......................... .. 91
CM-I-6 .
CM-1_7 .
- Long-Term Liabilities by Type.................................................. .. 92
- Long-Term Liabilities by Country............................................... .. 93
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
CM-II-1.
- Short-Term Claims by Type..................................................... .. 94
CM-11-2.
- Short-Term Claims by Country................................................... .. 95
CM-II-3.
- Short-Term Claims, by Type and Country.......................................... .. 96
CM-II-4.
- Long-Term Claims by Type...................................................... .. 97
CM-II-5.
- Long-Term Claims by Country.................................................... .. 98
CM-II-6 . - Long-Term Claims, by Type and Country........................................... .. 99
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1. - Liabilities by Type........................................................... .. 100
CM-III-2. - Short-Term Liabilities by Country................................................. 101
CM-III-3. - Short-Term Liabilities, by Type and Country...................................... .. 102
CM-III-4. - Long-Term Liabilities by Country............................................... .. 103
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-l.
- Claims by Type................................... ........................... .. 104
CM-IV-2.
- Short-Term Claims by Country................................................... .. 105
CM-IV-3.
- Short-Term Claims, by Type and Country.......................................... .. 106
CM-IV-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type................. 107
Treasury Bulletin
IV
CONTENTS
CM-IV-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country............
107
GM-IV-6 . - Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country...
108
CM-IV-7.
- Long-Term Claims by Country....................................................
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
109
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities.......................
110
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities........................
110
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Government Bonds and Notes...............
m
CM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes.............
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic Bonds..............................
CM-V-6 .
- Net Foreign Transactions in Domestic Stocks by Country............................
112
113
114
CM-V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country.....................
115
CM-V-8 .
- Net Foreign Transactions in Foreign Stocks by Country.............................
116
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date....................
117
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year....................
118
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
CM-VI-1.
- Foreign Credit Balances (Due to Foreigners)............................. ........
119
CM-VI-2.
- Foreign Debit Balances (Due from Foreigners).....................................
120
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-II-1.
- Direct Sales and Repurchases of Loans...........................................
Cumulative Table of Contents......................................................... .
Note:
Details of figures may not add to totals because of rounding.
121
122
V
January 1975
T re a s u ry F in a n cin g O p era tion s
December Refunding
Tenders from others were required to be accompanied by pay
On December 13 the Treasury announced that it would sell
to the public at auction, under competitive and noncompeti
tive bidding,
up to $2 billion of Treasury Notes of Series
K-1976, to be dated December 31, 1974, due December 31, 1976,
with interest payable semiannually
31 in each year until maturity.
on June 30 and December
The coupon rate of 7-1/4%
ment of 5 percent of the face
All bidders were required
amount of notes applied for.
to agree not to purchase or
to sell, or to make any agreements with respect to the pur
chase or sale or other disposition of the notes bid for under
the offering
at a specific rate or price,
until after the
closing hour for the receipt of tenders.
was set after the determination as to which tenders were ac
cepted onayield basis, the average of which produced a price
of 100.00 or less.
This issue was to raise cash for refund
ing $1.9 billion of
publicly held Treasury
notes maturing
Commercial banks were prohibited from making unsecured
loans, or loans collateralized in whole or in part by the notes
bid for, to cover the deposits required to be paid when ten
ders were entered, and they were required to make a certifi
December 31, 1974.
cation, to
Tenders for
the notes were received
EST, December 23,
of which $2.0
until 1:30 p.m.,
at yields ranging from
7.15%, price 100.183 up to 7.37%, price 99.781.
tive tenders for $500,000 or less from
at the average
7.32%, price 99.872.
tional
Other lenders
were
requested
to
refrain from making such loans.
and totaled $2.8 billion from the public
billion was accepted
cepted in full
that effect.
$0.3 billion
Noncompeti
the public were ac
yield of
accepted tenders,
These totaled $0.2 billion.
was allotted at
An addi
the average yield to
Cash Offering of Notes
On December 20 the Treasury announced that it would sell
to the public at auction, under competitive and noncompeti
tive bidding,
up to $0.75 billion of 8%
Series H-1976,
and up to $1.25 billion of
Treasury Notes of
7-7/8% Treasury
Notes of Series D-1979.
Government accounts and Federal Reserve banks for themselves
The notes of Series H-1976 were to be additional amounts
and as agents of foreign and international monetary authori
of notes dated April 9, 1974, due March 31, 1976, with inter
est payable semiannually on March 31
ties .
Tenders
were received
at Federal
Reserve
branches and at the Bureau of the Public Debt,
D. C.
Bearer notes,
with interest coupons
banks and
Washington,
attached, and
notes registered as to principal and interest were
author
ized to be issued in denominations of $5,000, $10,000, $100,
000 and $1,000,000.
provided
the names
forth in such tenders.
of the
customers
were set
Others than commercial banks were not
permitted to enter tenders except for their own account.
Tenders were received without deposit
and other
banks for their own
account,
from commercial
Federally-insured
savings and loan associations, States., political subdivisions
or instrumentalities thereof, public pension
and retirement
and September 30 until
The notes of Series D-1979 were to be additional
amounts of notes dated November 6, 1974,
due May 15, 1979,
with interest payable semiannually on May 15 and November 15
until maturity.
Tenders for the notes of Series H-1976 had to be in the
amount of $5,000 or a multiple
Commercial banks could submit tenders for account of their
customers
maturity.
of $1,000 over
that amount
and were received until 1:30 p.m., EST, January 2.
taled $1.9
billion of which $0.76
They to
billion was accepted at
prices ranging from 100.91, yield 7.18%, down to 100.80, yield
7.27%.
Noncompetitive tenders for $500,000 or less were ac
cepted in
full at the
100.84, yield 7.24%.
average price
Tenders for the notes of Series
multiple of $1,000 and
of accepted tenders,
These totaled $0.2 billion.
D-1979 had to be in a
were received until 1:30 p.m., EST,
'and other public funds, international organizations in which
Deeember 30.
United
lion was accepted at prices ranging from 102.20, yield 7.27%,
States
holds
membership,
foreign
central
banks
They totaled $1.8 billion of which $1.25 bil
and foreign States, dealers who make primary markets in Gov
down to
ernment securities and
$500,000 or less were accepted in full at the average price
report daily to the Federal Reserve
101.80,yield
7.37%.
Noncompetitive
Bank of New York their positions with respect to Government
of accepted tenders, 101.95, yield 7.33%.
securities and borrowings thereon, and Government accounts.
billion.
tenders for
These totaled $0.2
VI
Treasury Bulletin
T re a su ry F in a n cin g O p e ra tio n s —C on tin u ed
Tenders were received in
both auctions at Federal Re
Treasury Bills - General
serve banks and branches and at the Bureau of the Public Debt,
Washington, D. C.
tached,
were
Bearer notes, with interest coupons at
and notes registered
authorized
to
as to principal and interest
be issued in denominations of $1,000,
$5,000, $10,000, $100,000, and $1,000,000.
Requirements pertaining
or sell, and the prohi
bearer form only, and in denominations of $10,000, $15,000,
$50,000, $100,000, $500,000, and $1,000,000 (maturity value).
Each tender must be for a minimum of $10,000.
Tenders over
$10,000 must be in multiples of $5,000.
bition of loans by commercial banks were the same as described
under "December Refunding" above.
Banking institutions
account of customers.
generally may submit tenders for
Tenders may
be made without deposit
by incorporated banks and trust companies and by responsible
52-Week Bills
On December 5, tenders were invited for $2,000 million,
or thereabouts, of 364-day
Treasury bills to be dated Dec
ember 17, 1974, and to mature December 16, 1975.
was offered for
The face amount
They are issued in
Tenders are received at Federal Reserve banks and branches.
to submission of tenders, de
posits, agreements not to purchase
Treasury bills are sold on a bid basis.
is payable without interest at maturity.
The issue
cash and in exchange for bills maturing in
and recognized
from others
dealers in
investment securities.
Tenders
must be accompanied by payment of 2 percent of
the face amount of bills applied for, unless the tenders are
accompanied by an express guaranty of payment by an incorpo
rated bank and trust company.
the amount of $1,803 million.
They totaled $3,749
Noncompetitive tenders (without stated price), usually
million, of which $2,001 million was accepted, including $52
for $200,000 or less from any one bidder, for each issue of
Tenders were opened on December 11.
million of noncompetitive tenders.
The average bank discount
13-week, 26-week, and 52-week bills,
rate was 6.625 percent.
at the average
13-Week and 26-Week Bills
issue.
Issues of regular weekly Treasury bills in December to
taled $19 billion.
price of accepted
are accepted
competitive
in full
bids for an
Payment for accepted tenders must be made or completed
These issues were offered for cash and
on the date of issue, in cash or other immediately available
in exchange for bills maturing in the amount of $18.6 billion.
funds or in a like face amount of Treasury bills maturing on
There were
two 13-week issues
of $2.8 billion, two 13-week
issues of $2.6 billion, two 26-week issues of $2.1 billion and
two 26-week issues of $2.0 billion.
that date.
Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
Average rates for the
new issues are shown in the following table.
Foreign Series and Foreign Currency Series
Foreign series
Date of issue
Annual average rate
(bank discount basis)
ness and two notes.
13-week
1974
26-week
securities issued
million.
Redemptions for the month totaled $1,611
At the end of December, foreign series securities
outstanding totaled $21,214 million.
page
Dec.
5
7.524
7.564
12
7.173
6.911
19
7.057
6.858
6.962
7.032
currency series
redeemed in December.
securities were issued or
At the end of December, foreign cur
rency series securities outstanding totaled an equivalent of
$1,599
million and were all denominated
(Details are shown on page
Note:
(Details are shown on
51 .)
No foreign
26
in December totaled
$1,302 million, consisting of nine certificates of indebted
in
54 .)
Details of Treasury market financing operations are -shown elsewhere in tables on public debt operations.
Swiss francs.
January 1975
1
.FEDERAL FISCAL OPERATIONS,
Table FFO-1. - Summary o f Fiscal Operations
(In millions of dollars)
Budget receipts and outlays
Means of financing - net transactions
Borrowings from the public - Federal securities
Fiscal year
or month
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1972........
1973........
1974........
1975 (Est)...
1973-Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept....
Oct.....
Nov.....
Fiscal 1975 to
date.......
Net
budget
receipts
1/
Net
budget
outlays
2/
Budget
surplus
or
deficit
1-2
Public
debt
securi
ties y
(l)
(2)
(3)
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
264,932
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,876
246,526
268,392
-1,596
-3,796
-8,702
-25,161
3,236
-2,845
-23,033
-23,227
-14,301
-3,460
(4)
5,687
2,279
6,796
22,476
7,526
17,198
27,211
29,131
30,881
16,918
294,039
305,439
-11,400
19,797
20,206r
21^,987
23,476
20,226
16,818
29,657
19,243
31,259
22,079r
19,686
-l,873r
2,302
1,561
5,861
23,671
21,030
22,905
22,273
23,981
24,172
-195
-804
-6,086
7,384
-4,739
7,087
-1,714
2,503
3,813
-2,597
2,773
385
20,938
23,620
28,377
19,633
22,292
24,411
25,408
24,712
26,460
24,965
-3,472
-1,787
3,666
-6,827
-2,673
1,109
6,447
-326
-1,242
5,139
Agency
securi
ties
j
114,862
125,956
-11,095
11,129
— — ---------------Means of financing-net transactions - (Cant)
(5)
704
4,041
5,079
5,944
-10,150
-1,739
-347
1,269
216
903
1,826
Invest
ments of
Govern
ment ac
counts lJ
(6)
U.S. Treasury
Total ,
borrowing operating cash,
from the gold balance
and other
public
4+5-6
5/ 6/
2,330
3,244
9,035
5,320
8,522
10,062
7,417
8,420
11,822
14,813
(7)
4,061
3,076
2,838
23,100
-11,146
5,397
19,448
19,442
19,275
3,009
9,123
14,455
268r <
-369
2,558
-174
12
-929
-17
2,674
394
-103
37
-58
-28
2,736
29
4,299
-126
-660
-56
4,108
-167
-1,061
-242
-2,205
622
' -17
-608
Changes in cash and monetary assets (Deduct)
804
(8)
-2,705
-1,012
3,244
-6,445
816
9,717
-6,102
(10)
557
290
771
-8
245
371
259
-5
1,859
808
-1,536
-208
1,079
-1,264
91
-
46
-36
-
424
-3,050
932
3,635
-5,712
2,859
1,644
2,283
569
721 .
4,500
(9)
-
-l,010r
5,665
-773
-162
4,309
-2,502
8
-3,886
Other
_
1,594
-260
-4,571
-1,094
760
1,746
826
1,668
2,068
-3,380
2,198r
3,128
SDR
1/
j
10
11
138
65
6
67
166
8
32
7
48
24
23
-713
-281
406
-384
13
22
356
343
23
60
134
-959
804
-
-9
6
3 .2
W
15/
16/
17/
18/
(ll)
381
-447
-342
538
644
802
-908
-988
50
525
151
24
-57
752
-613
51
-*
|
!
Gold Tranche
Drawing
Rights 2/
Selected balances, end of period
Federal securities
Fiscal year
or month
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1972........
1973........
1974........
1975 (Est)...
1973- Nov.... ]
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept....
Oct.....
Nov.....
Fiscal 1975 to
date.......
Other means
of financing
10/
(12)
-217
-359
132
2,997
-284
-22
3,103
4,958
-3,921
-1,290
-939
-769r
354
1,867
-1,510
2,943
-440
-959
24
-868
-2,256
400
49
-1
-2,677
Footnotes on following page.
Transactions
not applied to
year's surplus
or deficit Jj/
Total Budget
financing
7-8-9-10
-11+12+13
(13)
98
629
813
367
10,407
-961
482
1,297
-208
778
-2,116
(1*0
1,596
3,796
8,702
25,161
-3,236
2,845
23,033
23,227
14,301
3,460
U.S.
Treasury
Account
5/ £2/
Held by the
public
16+17-18
Agency
securities
iy
Investments
of Govern
ment accounts
(15)
12,710
12,450
7,879
6,785
7,544
9,291
10,717
11,785
13,854
10,473
Public debt
securities
y
(16)
313,819
316,097
322,893
345>369
352,895
370,094
397,305
426,435
457,317
474,235
(17)
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,012
11,400
13,854
493,433
14,540
(18)
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
140,194
148,929
(19)
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770
343,045
346,053
359,045
l,873r
-2,302
463,212
469,073
11,760
11,586
129,043
131,602
345,930
349,058
467,359
469,862
473,675
471,078
473,850
474,235
11,598
11,581
11,975
12,012
11,984
12,012
130,672
133,320
133,217
133,159
135,895
140,194
-666
830
-593
-727
-913
195
804
6,086
-7,384
4,739
-7,087
3,472
1,787
-3,666
6,827
2,673
5,608
11,273
11,696
8,646
9,579
13,213
7,502
10,473
7,40;
6,373
9,877
3,256
4,041
475,344
481,792
481,466
480,224
485,364
11,895
11,831
11,664
11,422
11,404
139,534
143,642
142,581
140,376
140,998
348,285
348,123
352,432
349,931
349,939
346,053
347,706
349,980
350,549
351,270
355,770
-2,069
11,095
4,041
485,364
11,404
140,998
-510
-144
-187
-484
-285
3
-463
-276
355,770
--------------U
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
F o o t n o t e s to T a b l e FFO-1
Source:
Monthly Statement of Receipts and Outlays of the U.S. Gov
ernment. Based on revised estimates of the 1974 Budget released
June 12, 1974 before the Senate Finance Committee on the public debt
limit, and the 1975 Budget Document released February 4, 1974.
1/ See Table FFO-2.
2/ See Table FF0-3.
2/ As of July 31, 1974, Public Debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the Budget presentation.
U See Table FFO-6.
jj/ Current fiscal year to date transactions are on the Daily Statement
of the U.S. Treasury clearance date basis and are converted to
accounting date basis at June 30 (final) only. Prior fiscal year
amounts include transactions in transit as of June 30. For amounts
in transit see Table FF0-10 in the October 1974 Bulletin.
6/ Prior to July 1974, entitled: Within General Account of the
U.S. Treasury.
7/ Represents holdings of special drawing rights, less certificates
-Jrc?ued to Federal Reserve banks.
8/ Beginning July 1974, includes other transactions previously under
Within General Account of the U.S. Treasury.
2/ Represents activity for the International Monetary Fund.
1,0/ Includes: public debt accrued interest payable to the public; de
posit funds; and miscellaneous asset and liability accounts, and
beginning July 1974 other transactions previously presented under
11/
12/
U/,
u/
15/
.
17/
18/
*
General Account of the U.S. Treasury.
Includes: seigniorage; increment on gold; fiscal 1969 conversion of
certain corporations to private ownership; fiscal 1970 reclassifica
tion of CCC certificates of interest; fiscal 1974 conversion of
interest receipts of Government accounts to an accrual basis; and net
outlays of off-budget Federal agencies, (Export-Import Bank since
August 17, 1971, rural electrification and telephone revolving funds
since May 12, 1973, postal service fund since July 1973 and Federal
Financing Bank since July 1974).
Prior to July 1974, entitled: General Account of the U.S. Treasury.
Includes U.S. Treasury operating cash, gold balance and other.
See Table FD-6.
Excludes other transactions for July 1974 reported in columns 10
and 12 with amounts of -$228 million and -$16 million, respectively.
Excludes other transactions for August 1974 reported in columns 10
-$
and 12 with amounts of -$489
thousand and -$17 milliqn, respectively.
Excludes other transactions for September 1974 reported in columns
10 and 12 with amounts of $217 million and $42 million, respectively.
Excludes other transactions for October 1974 reported in columns 10
and 12 with amounts of -$157 million and -$19 million, respectively.
Excludes other transactions for November 1974 reported in columns 10
and 12 with amounts of -$39 million and $8 million, respectively.
Less than $500,000.
r Revised.
3
January 1975
_________ FEDERAL FISCAL OPERATIONS___________
T a b le FFO-2. - Budget R eceipts by P r in c ip a l Sources
(In millions of dollars)
Income taxes
Fiscal year
or month
Net
budget
receipts
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232.225
264,932
1975 (Est.).......
294,000
Corporation
Individual
Withheld
1/
36*#40
42,811
50,521
57,301
70,182
77,416
76,490
83,200
98,093
112,092
Refunds
Other
n.a.
9,798r
8,887
Net
total
Gross
16,820
18,486
18,850
20,951
27,258
26,236
24,262
25,679
27,019
30,812
n.a.
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14,143
21,866
23,952
n.a.
.48,79.2
55,446
61,526
£8,726
87,249
90,412
86,230
94,737
103,246'
118,952
261
362
66
115
20,206r
21,987
1974-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
23,476
20,226
16,818
29,657
19,243
31,259
9,296
9,508
9,664
9,959
10,088
10,615
5,076
945
2,186
11,118
1,204
4,077
45
1,851
8,631
6,313
5,651
462
July........
Aug.........
Sept........
Oct.........
Nov.........
Fiscal 1975
to date... .......
20,939
23,620
28,377 19,633
22,292
10,227
10,223
9,755
10,106
10,638
'957
491
4,323
561
305
378
229
130
78
111
9,993r
9,134
•14,327
8,601
3,219
14,764
5,641
14,231
10,806
10,485
13,947
10,590
10,832
50,949
6,637
926
56,660
114,862
Refunds
26,131
30,834
34,913
29,897
38,338
35,037
30,320
34,926
39,045
41,744
n.a.
670
761
946
1,232
1,660
2,208
3,535
2,760 •
2,893
3,125
n.a.
2^,461
30,073
33,971
28,665
36,678
32,829
26,785
32,166
36,153
38,620
44,500
939
6,201
287
105
652
6,096
10,645r
15,230
160
248
338
430
218
237
310
256
435
511
314
1,562
819
5,549
5,463
1,100
9,033
1,485
828
5,647
1,206
797
15,889
9,420
8,768
20,226
6,741
23,263
;
1,722
1,066
5,887
5,893
1,318
9,269
1,796
1,084
6,082
1,717
1,111
12,291
11,313
19,594
11,795
11,629
1
11,789
1,826
9,963
66,623
j
i
131,000
1973-Nov.........
Dec.........
Net total
income
taxes
Net
total
j
74,253
85,519
95,497
97,390
123,927
123,241
113,015
126,903
139,398
157,571
175,500
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
Unemployment insurance
Old-age, disability, and
hospital insurance
Railroad retirement accounts
Net total
Gross
Refunds
Net
total
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975 (Est.)........
16;915
20,206
27,328
28,672
33,956
38,600
41,237
45,559
54,166
65,016
192
228
282
263
605
386
518
447
479
535
n.a.
16,723
19,978
27,046
28,409
33,351
38,214
40,719
45,111
53,687
64,481
1973-Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
5,351
3,640
n.a.
_
Gross
n.a.
636
684
777
815
885
920
981
1,009
1,190
1,412
n.a.
5,351
3,640
227
121
Refunds
*
*
*
1
**
■*
1
1
*■
n.a.
75,092
227
121
5,578
3,761
!
4,609
7,294
5,287
5,994
7,505
5,036
;
5,005
7,813
5,668
4,558
6,6^3
29,677
4,591
7,072
5,157
5,977
7,256
4,889
18
222
130
16
249
146
*
*
*
*
*
*
*
July.........
Aug..........
Sept.........
Oct..........
Nov..........
4,591
7,072
5,157
5,977
7,792
4,889
4,997
7,556
5,657
4,525
6,382
535
-
4,997
7,556
5,657
4,525
6,382
8
256
11
34
251
_*
*
-*
*
18
222
130
16
249
146
8
257
11
34
251
Fiscal 1975
to date...........
29,117
-
29,117
560
*
560
Footnotes at end of table.
_
*'
Gross
Net
total
636
683
776
814
885
919
980
1,008
1,189
1,411
n.a.
17,359
20,662
27,823
29,224
34,236
39,133
41,699
46,120
54,876
65,892
3,826
3,783
3,665
3,351
3,335
3,471
3,682
4,370
6,070
6,863
n.a.
826
91
245
761
98
558
2,196
21
Refunds
4
8
6
6
7
6
8
13
19
26
n.a.
1 t
1
Net
total
3,819
3,777
3,659
3,346
3,328
3,464
3,674
4,357
6,051
6,837
6,592
825
90
420
1,365
63
222
762
1
*
2
7
6
3
2
2
1
1
1
418
1,363
62
221
762
2,832
7
2,825
245
761
96
552
2,190
18
4
Treasury Bulletin
____________________________________________F E D E R A L FISCAL O P E R A T I O N S ______________________________________;________
T a ble FFO-2. - B udget R eceipts by Principal Sources —C o n tin u e d
(In millions of dollars)
Social insurance taxes and contributions - Continued
Fiscal year
or month
Federal
supple
mentary
medical
insurance
_
_
647
698
903
936
1,253
1,340
1,427
1,704
n.a.
jl973_Nov.......
Dec.......
131
131
1974-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
152
142
138
147
145
145
160
153
154
154
158
186
164
222
202
194
200
190
184
195
212
232
201
192
780
1,031
Fiscal 1975 to
date ........ Ji
n.a.
Total
Airport and airway trust fund
Gross
Refunds
Net
total
Gross
Refunds
Net
total
22,258
25,567
33,349
34,622
39,918
45,298
48,578
53,914'
04,542
76,780
86,129
11,011
9,362
9,461
9,827
10,681
10,519
10,643
10,562
9,995
9,884
n.a.
99
217
183
127
96
167
133
1,056
158
141
n.a.
10,911
9,145
9,278
9,700
10,585
10,352
10,510
9,506
9,83o
9,743
n.a.
564
650
760
842
n.a.
2
1
2
2
n.a.
563
649
758
840
839
1,014
739
621
716
865
800
877
13
10
826
1,003
15
-3
13
23
11
10
724
624
704
842
789
866
79
64
69
74
67
65
58
75
958
707
895
870
827
14
14
9
15
13
945
693
886
856
815
76
78
79
71
82
1
_
1
*
■*
*
*
_
■*
_
4,193
386
3
4
320r
298
4
2
5
5
4
3
378
346
338
351
340
332
6,723r
4,149
5,232
8,400
5,721
6,896
10,036
5,386
3
3
3
8
3
358
368
389
363
353
5,781
9,544
6,120
5,142
7,748
20
1,831
34,333
Excise taxes - Continued
Fiscal year
or month
Net
social
insurance
taxes and
contri
butions
1,081
1,129
1,867
2,052
2,253
2,701
3,207
3,437
3,614
4,051
4,445
16
18
19
20
24
29
37
3Q
41
45
n.a.
1,065
1 ,111
1,201
1,334
1,426
1,735
1,916
2,058
2,146
2,302
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975 (Est.)....
July......
Aug.......
Sept......
Oct.......
Nov.......
Other
employees
retirement
Federal
employees
retirement
Excise taxes
Miscellaneous excise taxes
Contributions for other
insurances and retirement
4,258
-
65
Estate and gift taxes
Customs duties
n.a.
*
78
64
69
73
67
65
58
74
76
78
79
71
81
1
385
_
Miscellaneous receints
Highway trust fund
Net total
excise
taxes
Gross
Refunds
Gross
Refunds
Net
Total
196 5
196 6
1967..........
1968.-.........
196 9
197 0
197 1
197 2
197 3
197 4
1975 (Est.)__
3,782
4,037
4,652
4,493
4,861
5,386
5,664
5,635
5,818
6,384
n.a.
123
120
212
114
224
32
123
313
153
123
n.a.
3,659
3,917
4,441
4,379
4,637
5,354
5,542
5,322
5,665
6,260
14,570
13,062
13,719
14,079
15,222
15,705
16,614*
15,477
16,260
16,844
2,746
3,094
3,014
3,082
3,530
3,680
3,784
5,490
4,976
5,101
29
28
36
31
39
36
49
54
59
66
n.a.
17,329
n.a.
1973-Nov.......
Dec.......
636
468
-22
_*
659
468
1,563
1,536
468
336
1974-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
470
634
455
466
545
496
16
15
98
2
14
470
618
440
368
544
482
July......
Aug.......
Sept......
Oct.......
Nov.......
496
645
501
475
580
1,263
1,315
1,211
1,275
1,391
1,423
1,517
1,415
1,475
1,401
1,474
1
3
496
644
501
475
578
Net
total
Gross
Refunds
Net
total
Deposits of
earnings by
Federal
Reserve
banks
1,372
1,713
1,805
2,091
2,662
3,266
3,533
3,252
3,495
4,845
n.a.
n.a.
2,716
3,066
2,978
3,051
3,491
3,644
3,735
5,436
4,917
5,035
5,600
1,478
1,811
1,972
2,113
2,387
2,494
2,657
3,394
3,308
3>444
n.a.
35
45
71
75
68
64
66
107
120
110
n.a.
1,442
1,767
1,901
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,700
' 462
333
455
423
465
371
437
370
309
233
309
247
285
294
309
311
8
9
6
9
8
8
14
10
301
224
461
427
470
379
444
375
6
4
6
5
5
8
7
5
424
459
358
376
359
6
6
6
6
9
418
453
352
370
350
332
364
312
355
326
1,943
1,689
Fiscal 1975 to
7,272
1,976
3
2,694
33
date........ > 2,697
Source:
Based on revised estimates of the 1974 Budget released June 12, 1974
before the Senate Finance Committee on the public debt limit.
1/ Includes individual income taxes designated for the Presidental Election
n.a.
All
other
Net total
miscel
laneous
receipts
222
162
303
400
247.
158
325
380
426
1,594
1,875
2,108
2,491
2,908
3,424
3,858
3,633
3,921
523
n.a.
5,369
5,781
99r
106
512r
515
304
239
277
286
295
301
414
409
397
427
379
543
286
468
-63
1
-2
59
57
49
334
429
377
602
343
517
7
9
7
8
8
325
355
305
347
319
463
489
491 .
503
716
144
51
51
75
57
607
540
543
578
773
39
1,650
378
3,040
2,663
Campaign Fund. Prior to February 1974, these taxes were included
"Other".
* Less than $500,000.
Not available, r Revised.
BUDGET RECEIPTS BY PRINCIPAL SOURCES
Fiscal Years 1965 -1975
$Bil.
- Fiscal YearsComparison first
-five months fiscal years1974 and 1975
I
Total
200
100
$Bil.
- Individual Income Taxes
120
0
1965
1967
1969
1971
1973
1975
100
Social Insurance
Taxes and Contributions
100
H
O
w
>
tr1
- 80
80
- 60
HH
o
>
t-1
60
o
►u
- 40
w
40 -
5d
>
-
20
t-H
o
2
U1
20
o
0
1965
1967
1969
1971
1973
1975
20
1965
1967
1969
1971
1973
1975
1967
1969
1971
1973
1975
1967
1969
1971
1973
1975
Excise Taxes
40 — Corporation Taxes
0
20
1965
20
H thor
0
1965
1967
1969
1971
1973
1975
0
1965
Source: Monthly Statement of Receipts and Outlays of U.S. Government-for actual amounts see preceding Table FFO-2
1/ Includes estate and gift taxes, customs duties and miscellaneous receipts.
V-n
Treasury Bulletin
6
____FED ERAL FISCAL OPERATIONS.#..
Table FFO-3. - Budget Outlays by A gencies
(In millions of dollars)
Defense Department
The
Judi
ciary
Legislat ive
Branch
Fiscal year
or month
Executive Funds ap
propriated
Office
to the
of the
President President
Agricul
ture De
partment
Commerce
Depart
ment
Military
Civil
Health,
Education,
& Welfare
Department
Housing &
Urban De
velopment
Department
Interior
Depart
ment
Justice Labor
Depart Depart
ment
ment
1965........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975 (Est)......
162
181
240
255
277
340
384
487
540
625
73
76
86
91
109
128
; 142
1 173
183
205
24
26
28
28
31
36
47
55
49
75
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,015
6,795
5,513
5,841
7,307
8,330
8,307
8,560
10,943
10,028
9,767
4,749
4,670
726
807
854
1,028
1,188
1,250
1,368
1,455
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
73,297
77,625
1,211
1,278
1,310
1,300
1,268
1,211
1,376
1,530
1,703
1,682
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779
82,042
93,735
&^5
2,856
2,777
4,140
1,529
2,603
2,890
3,642
3,592
4,786
695
661
432
235
837
1,136
225
1,256
-2,236
-4,881
355
366
403
430
515
640
916
1,180
1,531
1,797
3,532'
3,109
3,286
3,272
3,475
4,356
7,923
10,033
8,639
8,966
734
315
121
4,773
8,876
1,719
84,547
1,739
110,959
6,080
-5,472
2,137
11,643
1973-Nov........
Dec... .
53
59
58
55
77
46
52
37
19
18
7
5
6
6
7
5
10
11
341r
75
332
341
338
262
270
1,C37
1,161
137
129
103
172
120
42
286
1,209
547
682 .
534
792
484
143
107
115
105
125
317
242
229
282
326
420
67
68
42
88
58
18
18
16
22
20
384
346
616
763
489
148
-249
-918
72
58
-2,014
94
-1,391
216
178
203
-130
-964
323
95
2,598
1974-Jan........
feb........
Mar........
Apr.......
May........
July.......
Aug........
Sept.......
Oct........
Nov........
Fiscal 1975 to
date..........
16
15
16
34
1
40
'
7
6'
y
5
7
-59
80
397
302
425
1,148
29
.
6,638r
6,123
6,690
6,285
6,662
6,703
7,170
7,095
124
108
103
117
166
246
7,463
7,383
7,996
7,862
8,164
8,416
8,665
8,871
127
128
111
149
127
6,313
7,062
6,745
7,246
7,389
125
177
211
198
203
8,688
8,808
8,846
9,040
9,131
688
760
681
573
606
643
34,755
44,514
3,308
Veterans
Adminis
tration
Other
independ
ent
agencies
y
152
9!4 ,
'
t
1
-497
132 !
126
595
613
177
149
156
152
166
I64
879
866
946
862
870
843
952
848
736
763
819
146
202
159
173
150
830 j
4,118
v
Treasury Department
Fiscal year
or month
State
Depart
ment
Transpor
tation
Department
1/
Interest
on public
debt 2/
Other
11,346
12,014
13,391
14,573
16,588
19,304
20*959
21,849
24,167
29,319
31,500
87
413
-327
82
336
206
31
275
6,792
6,674
7,182
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973.... .......
1974...........
1975 (Est)......
384
410
419
424
437
448
468
568
591
730
785
793
5,428
5,732
5,970
6,417
7,247
7,531
8,183
8,112
793
9,313
1973- Nov........
Dec........
63
77
768
663
1974-Jan........
Feb........
Mar........
Apr........
May.......
June -...
62
26
46
64
42
29
694
461
557
566
659
1,058
2,403
2,476
2,530
2,396
2,490
2,465
2,514
2,537
July.......
166
66
Sept.......
Oct........
Nov........
74
66
66
507
770
802
863
969
Fiscal 1975 to
*
438
date.......... 1
3,910
Atomic
Energy
Com
mission
Environ
mental
Protection
Agency
General
Services
Admin.
_
Nat ional
Aero
nautics
& Space
Admin.
701
763
1,114
2,032
300
-242
131
413
425
446
501
589
468
-276
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,252
4,073
-833
3,273
108
93
107
90
566
266
167
328
-16
-14
19
-38
-158
-56
-101
; -19
246
221
1,530 <
126 .
150
1,706
149
2
201
.203
171 ;
209
230
235
233
345
2,687
2,657
2,715
. 2,714
2,662
1,580
-105
192
1,463
190
115
229
233
266
290
13,434
3,321 , 1,133
163 j
-106
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,392
2,393
2,307
3,014
Total
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710
11,968
13,337
14,160
4,364
5,085
6,554
7,337
4,890
7,246
8,879
9,886
11,449
12,945
14,855
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-10,927
770
949
1,006
466
925
933
920
1,377
-718r
-816
251
231
252
293
278
447
1,191
1,141
1,202
1,086
1,191
1,163
1,177
1,014
-929
-677
-898
-867
-763
-1,007
23 671
2l'030
22,905
22,273
23,981
24,172
119
-296
107
' -10
139
-24
165
-170
200 ,
-2
216
247
267
281
297
1,256
1,234
1,145
1,217
1,338
1,356
2,309
1,424
1,365
1,286
-967
-778
-1,026
-961
-791
24,411
25,408
24,712
26,460
24,965
; -501
1,309
6,190
7,740
-
-
Source:
See Table FFO-1.
Note:
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts
are shown in this table beginning with the period of such shifts;
figures prior to the shifts have been adjusted.
1/ Figures prior to the fiscal 1967 represent expenditures for the Federal
Aviation Agency.
Undistribut
ed intragovernmental
transactions
V
729
2/
j/
4/
_5/
r
I
j
-4,523
118,430
134,652
158,254
178,833
184,548
196,581
211,425
231,875
246,526
268,392
305,439 5j
22,079r
19*686
j
125,956
Reported on an accrual basis.
Includes the U.S. Postal Service.
For content see Table FF0-4.
Includes $866 million estimate for special allowances for pay raises
and contingencies
Revised.
January 1975
7
.FEDERAL FISCAL OPERATIONS,
T a b le FFCM. - U nd istrib u ted I n t r a g o v e r n m e n t a l T r a n s a c t i o n s
(in millions of dollars)
Interest credited to certain Government accounts
Federal employer ‘
contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept.
Health,
Defense
Department Federal Old-Age
and Survivors
Soldiers
Insurance
Airmen1s
Trust Fund
Home
Permanent
Fund
Civil Service
Commission
Other
1/
Total
1,329
1,447 •
1,661
1,825
2,018
2,444
2,611
2,768
2,927
3,319
2,840
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
282
353
475
510
611
728
727
742
816
911
978
1,042
1,090
1,181
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,847
4
4
5
5
6
8
8
9
10
652
15
1973- Nov.......
Dec.......
62
60
85
86
85
85
85
85
1
1
1
1
1
1
463
180
247r
221
306
284
278
283
269
407
-
1974-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
18*
160
220
197
192
197
-279
142
July......
Aug.......
Sept......
Oct.......
Nov.......
78
78
80
74
74
152
166
188
151
124
40
41
41
45
66
271
286
309
269
264
-
334
781
233
1,398
1965..........
1966..........
1967..........
1968..........
1969..........
1970 ........
1971
1972..........
1973..........
1974..........
1975 (Est.)....
Fiscal 1975 to
date.........
Education, and Welfare Department
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
582
587
721
894
1,009
1,346
1,617
1,718
1,848
2,039
2,109
65
59
64
83
140
221
324
388
435
479
498
7
46
61
94
138
183
190
198
406
500
“
15
21
23
12
17
29
43
77
70
49
866
6
49
14
43
46
875
5
220
*
8
3
4
6
222
1
161
2
-
5
51
16
40
48
*
8
2
2
5
2
1
7
1
3
1
30
1
2
2
2
3
33
*
1
2
2
1
2
15q
18
3
3
3
3
3
3
3
3
3
4
6
1
0
-
3
7
6
7
10
204
6
14
Interest credited to certain Government accounts - (Continued)
Fiscal year
or month
196
196
196
196
5
6
7
8
196
9
197
197
197
197
197
0
1
2
3
4
1975 (Est.)__
Interior
Department
Labor
Department
Indian
Tribal
Funds
Unemployment
Trust Fund
July--Aug....
Sept...
Oct....
Nov....
Highway
Trust Fund
Veterans Administration Civil Service
Commission
Railroad
National
Government
Civil Service Retirement
Service
ife
Ensurance
Life
Retirement and Board
Insurance Disability
?und
Fund
Fund
10
9
7
5
15
10
8
18
5
255
309
380
439
517
601
637
496
487
650
11
8
14
34
53
115
184
206
247
415
34
33
30
32
32
31
31
32
31
31
182
191
198
211
225
245'
271
292
309
338
482 '
546
622
706
805
987
1,232
1,464
1,566
1,838
155
161
170
181
191
215
251
258
262
257
20
775
465
31
374
2,031
260
21
241
2
40
9
21
27
230
10
156
15
157
29
805
162
3
65
6
-4
32
815
1973-No v
Dec....
1974-Ja n
Feb....
Mar....
Apr....
May....
June...
Transportation
Department
-3
1
2
3
15
2
42
8
21
28
11
15
101
39
Fiscal 1975 to
S^ource:
See Table FF0-2.
l/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974 includes adjustment of interest on public
10
9
97
1
19
1
2
9
93
Other 2/
Total
Grand
Total
2
2
2
2
3
5
4
4
5
35
1,780
1,917
2,275
2,674
3,099
3,936
4,765
5,089
5,452
6,574
3,109
3,364
3,936
4,499
5,117
6*380
7,376
7,858
8,378
9,893
7,140
718r
816
343
-2,160
471
595
606
195
579
499
353
-2,,260
623
393
621
584
494
600
929
677
898
867
763
1,007
3
63
6
9
34
1
19
2
3
681
295
663
602
386
697
492
717
692
527
967
778
1,026
961
791
115
34
2,627
3,125
4,523
debt issues to convert to the accrual basis.
*
Less than $500,000.
n.a. Not available»
r Revised.
Table FFO-5. - Budget Outlays by Function
00
(In millions of dollars)
Fiscal year 1974
Function
Nov.
Dec.
Jan.
Feb.
Mar.
Fiscal year 1975
Comparable
Cumulat ive period
FY
1974
to date
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
7,361
-451
-5
7,341
-449
-15
8,005
-327
-5
37,511
-2,532
-10
32,642
-1,381
1
6,905
6,877
8,112
-458
-3
7,652
7,673
34,968
31,261
National Defense
Proprietary receipts from the public...
Intrabudgetary transactions.........
7,ll8r
-235r
-*
6,479
-400
-1
7,113
-318
-2
6,804
-295
*
7,129
-439
-4
7,286
-534
7,661
-417
-1
9,006
-938
-6
Total national defense.............
6,882r
6,079
6,793
6,509
6,686
6,752
7,243
8,062
6,692
-848
17
5,862
Outlays..........................
Proprietary receipts from the public...
Intrabudgetary transactions.........
279r
-2
238
-20
_*
377
-27
_*
295
-71
346
-1
-¥r
342
-4
-2
316
-5
442
-40
403
-34
266
-6
-*
397
1
_*
76
-14
374
-1
_*
1,519
-54
1,380
-31
Total international affairs and finance
276
219
351
224
345
336
312
402
369
260
398
62
373
1,465
1,348
Outlays..........................
Proprietary receipts from the public...
246
-lr
258
-7
233
-2
254
-2
297
-3
280
-2
422
25
217
_*
247
297
1,309
-1
1,289
-10
246
251
231
252
293
278
447
216
247
267
-*
267
282
Total space research and technology....
225
-4
221
281
297
1,309
1,280
..................
I^lprfetary 'rfes^ed^s from the public ...
785
-4
-225
-3
761
-5
142
-4
208
-3
98
-9
316
-3
189
-6
-60
_*
-57
-4
23
-4
362
-4
-151
-4
116
-15
3,719
-19
Total";^grlciiliair^TS^d rural development
782
-228
756
138
205
89
313
183
-60
-61
19
358
-155
101
3,700
548
-122r
-lr
425r
473
-603
663
-1,207
-*
240
-181
908
-149
-*
644
-2,261
-1
608
-180
—*
919
-1,786
2
620
-122
-1
696
-181
-*
818
-90
708
-428
-■*
-130
-544
58
759
-1,618
428
-865
498
514
728
280
801
-1,274
-1
-474
3,643
-2,094
-2
1,546
2,718
-1,822
-2
894
1,076
-12
1,064
949
-25
-38
384
-18
-2
765
-16
-8
1,116
-17
-*
2,281
-21
1,188
-24
-1
7,023
-107
-7
6,476
-78
-75
1,574
1,099
2,257
1,163
1,274
-25
-3
1,246
1,168
-21
-1
363
898
-19
-3
875
1,620
-29
-17
886
763
-14
-3
746
1,147
6,909
6,323
264
-*
373
_*
458
-6
694
-*
773
-*
820
752
_•*
850
373
452
693
773
819
752
850
3,890
-1
3,888
2,900
«*•
263
352
352
2,899
1,038
-2
-*
925
662
662
1,271
-2
1,270
855
-1
_*
926
_*
-
854
925
838
-1
837
794
*
794
838
-1
837
4,250
-2
4,248
4,158
-5
4,153
International affairs and finance
-
Space research and technology
Agriculture and rural development
Natural rre3t^^8s
P r o p r i e t a r y f r o m the public...
InV'abu^^etSry'^^ans actions.........
Total natural resources.............
Commerce and transportation
Proprietary receipts from the public...
Intrabudgetary transactions.........
932
-18r
-2
Total commerce and transportation....
911r
741
d
H
W
>
It *
HH
c»
o
>
tr1
O
H
»
5
HH
o
z
CB
Community development and housing
Outlays..........................
Proprietary receipts from the public...
37r
-*
316
332
_*
Total community development and housing
36
316
331
198
-*
198
807
-2
805
619
_*
619
985
-2
983
933
_*
932
Education and manpower
Proprietaiy receipts from the public...
Intrabudgetary transactions.........
Total education and manpower....... .
1,036
925
I
I
s1
Q
S3
»
Table FFO-5. - Budget Outlays by F u n c tio n —C ontinued
(In millions of dollars)
Fiscal year 1974
Fiscal year 1975
Comparable
1Cumulative period
to date
FI 1974
Function
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Outlays ..........................
Proprietary receipts from the public...-.
Intrabudgetary transactions .........
l,908r
_*•
-170r
2,697
2,038
-1
-172
1,957
Total health.......................
l,739r
2,047
2,017
-2
-183
1,832
1,866
1,789
1,934
-1
-165
1,768
Outlays ..........................
Proprietary receipts from the public....
Intrabudgetray transactions .........
6,651r
_*
6,984
7,258
7,114
7,523
-497
-23
-1
-2
Total income security...............
6,651r
6,487
7,235
7,113
Outlays .........................
Proprietary receipts fron the public....
Intrabudgetary transactions..........
1,232
-39
1,175
-32
1,249
-44
Total veterans benefits and services....
1,194
1,143
Outlays...........................
Proprietary receipts from the public....
Intrabudgetary transactions..........
2,420
-1
-7
-10
Total interest ...................
2,401
May
June
July
Aug.
Sept.
Oct.
Nov.
2,424
2,228
2,219
-181
2,276
-1
-175
-I84
2,248
-1
-25
2,622
_*
-371
11,527
-2
-990
8,731
-1
-836
2,243
2,100
2,044
-234
1,984
2,211
-1
-177
2,034
2,223
2,250
10,535
7,894
7,740
8,776
-2
7,944
_■*
-3
7,990
-*
-1
8,066
-*
-7
8,397
-932
7,668
-1
-92
8,019
-2
40,416
-1
-14
• 7,520
-3
7,737
7,844
7,575
8,017
7,941
7,989
8,059
8,395
40,400
32,520
-1
4
32,523
1,133
-44
_■*
1,234
-40
1,203
-38
1,224
-44
1,055
-38
1,300
-42
1,274
-38
1,184
-36
1,260
-40
1,378
-36
6,396
-193
-1
5,573
-197
-1
w
1,204
1,088
1,194
1,165
1,180
1,017
1,258
1,236
1,147
1,220
1,341
6,202
5,375
M
W
2,490
-177
-84
-60
2,540
-16
-170
_■*
2,406
67
-7
2,522
-1
-7
-5
2,479
-14
-10
-1
2,531
-6
-8
-1
2,560
-10
-167
-75
2,706
-6
-165
-11
2,677
-1
-199
2,733
-10
2,733
-12
-283
-4
13,551
-20
-659
-28
12,018
-18
-662
-14
2,169
2,353
2,466
2,508
2,455
2,516
2,308
2,525
2,477
2,721
2,433
2,704
-1
-2
-13
2,688
12,845
11,324
520
-12
-10
3,064
-10
-2,400
786
-47
-12
758
-15
-12
548
-4
-15
498
655
508
-33
-9
466
727
731
529
6,211
Health
-650
-167
Income security
Veterans benefits and services
Interest
Total general government.............
461r
-26r
-14
420r
543
-35
-11
668
5
-37
561
-21
-20
567
-48
-20
498
636
520
499
574
8
3
586
29
_*
-
-
29
_*
1,532
1,532
1
1
*
*
1,540
1,540
1
1
_*
_*
1,538
1,538
*
*
-6,205
1,533
-
7
-718r
-816
-929
-677
-898
-867
-763
-1,007
-967
-778
-1,026
22,079r
19,686
23,671
21,030
22,905
22,273
23,981
24,172
24,411
25,408
24,712
577
-34
-14
529
3,177
-133
-62
2,748
-66
-67
2,982
2,614
9,287
6,205
3,082
9,087
-6,055
1,533
4
4
-961
-791
-4,523
-3,940
26,460
24,965
125,956
110,681
General Revenue Sharing
Expenditures ......................
Proprietary receipts from the public....
Intrabudgetary receipts.............
Total General Revenue Sharing........
Undistributed intraeovernmental transactions
Net budget outlays...................
G
£
*4
O
General government
Outlays ..........................
Proprietary receipts from the public....
Intrabudgetary transactions..........
*1
w
W
5
HH
o
CO
3,032
Source:
Monthly Statement of Receipts and Outlays of the United States Government.
* Less than $500,000.
r Revised.
vo
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS,
T a b le FFO-6. - Investment T r a n s a c tio n s o f Government A ccou n ts in Federal Securities (Net)
(In millions of dollars)
. Housing and Urban■,
Devel6pm£ft!t Ufej?SrTB5HT--- -
Health, Education and Welfare bepartment
Government National
Federal Mortgage Assn.
Housing
Partici
Other Adminis pation
Other
tration Sales
Fund
Federal
Supple
Federal
mentary
Hospital
Insurance Medical
Trust Fund Insurance
Trust Fund
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............ ,
1973............
1974 ..........
1975 (Est.).....
458
-858
3,741
1,584
2,898
3,953
1,274
1,827
2,298
2,217
-263
-413
296
591
1,121
1,342
1,263
934
792
391
87
_
786
497
87
590
693
377
-146
1,338
3,642
2,309
_
479
-197
77
-345
244
221
222
531
214
n.a.
-58
930
40
33
-
226
65
375
327
194
249
55
-26
50
12
19
28
13
181
304
-33
-37
22
107
29
-137
171
1,091
1973- Nov........
Dec........
-563
655
1974-Jan........
Feb........
Mar........
Apr........
May........
-633
1,522
-124
273
-83
551
-178
213
-61
86
99
4
-11
221
-647
1,325
-252
-1,175
422
-68
4
-13
-144
-69
July.......
Aug........
Oct........
_
*
*
*
-*
•*
-1
-
_■*
*
Federal
Insurance
Adminis
tration
_
3
-3
_
32
28
14
1
6
5
n.a.
'Unemploy
Other ment Trust
IFund
-194
-129
45
135
165
131
128
109
31
63
’124
25
50
62
470
465
-369
197
-202
299
184
238
-161
-19
-9
-7
-8
-8
-6
-8
-4
1
-8
1
-3
•*
29
*
2
-3
-1
21
-8
-1
-1
-
10
20
37
-13
48
22
-1
_
3
-2
55
34
2
22
14
-37
16
45
15
39
-1
2
_*
-1
*
_*
5
_*
2
2
-7
5
1
1
2
1
1
2
16
-15
1
2
-1
127
79
7
-
3
_
-
-
_*
*
-
-
-
Lkbbr .uepartiiteftt
Other
*
*
*
*
*
*
_*
_•*
-17
14
-8
-10
-3
2
5
9
15
1
967
1,468
1,156
1,146
938
488
-1,747
-1,428
1,144
1,165
-410
2
1
510
-93
-526
268
-639
-425
1,714
-72
_
n.a.
-
_
-
—
-269
945
-508
-358
272
"
Fiscal 1975 to
192
428
-290
-327
-
Veterans
Administration
Transportation
Department
Treasury
Department
Fiscal year
or month
Airport
Highway
Airway
Trust Fund
Trust Fund
National
Service
Life In
surance
Fund
Civil
Service
Commission
Federal
Deposit
Insurance
Corpora
tion
Federal
Savings
and Loan
Insurance
Corpora
tion
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123
3,337
180
227
238
258
313
328
180
438
537
208
204
212
265
283
173
196
148
257
1,370
-280
3,669
2,982
225
565
378
344
-93
639
64
■*
Other
6
40
-70
122
29 .
14
20
29
26
30
32
83
-
Railroad
Retire
ment
Board
All
Other
-292
-200
149
154
173
135
59
268
-9
-110
24
-60
16
*
32
51
-21
-204
237
-145
26
67
110
104
61
31
-545
-211
-7
-46
3
11
-929
2,647
-103
-58
2,736
4,299
-660
4,108
-1,061
-2,205
622
804
Postal
Service
_
_
_
878
n.a.
-344
-28
484
257
534
1,089
1,033
822
1,094
2,049
1,420
-59
388
723
-589
-747
-5
1,380
1,201
353
-566
n.a.
126
204
-109
224
5
86
83
62
272
178
214
1973--Nov........
Dec........
79
71
176
272
125
-103
1974--Jan........
Feb........
Mar........
Apr........
May........
69
73
67
65
58
95
76
78
79
71
81
116
412
199
21
234
11
232
295
-45
-67
127
-28
33
9
4
-85
-434
32
13
10
12
8
-4
141
-9
-4
-15
-18
-9
137
*
-8
-21
-19
-8
1
_*
-3
-4
-2
26'
59
-15
-97
-58
-53
3,198
68
275
2
-2
5
-56
13
81
6
15
43
17
-186
-172
-16
-55
-306
288
-111
-11
-64
-212
962
-28
-3
-2
-5
-3
-3
-118
-15
-136
-76
-249
11
101
-59
-95
64
17
69
7
8
45
209
928
-231
-34
-257
-203
43
-273
-189
-12
9
10
6
4
8
46
2
8
1
2
5
385
541
76
-56
-15
-594
23
146
615
-635
17
1965
1966
1967
1968
1969.
1970
1971
1972
1973
1974
1975 (Est.)...... .
July........
Aug........
Sept........
Oct........
Fiscal 1975 to
■date........
_
_
_
_
_
Source:
See Table FFO-2.
*
Less than $500,000.
n.a.
Not available.
-2
27
Total
2,330
3,244
9,035
5,320
8,522
10,062
7,417
8,420
11,821
14,813
9,123
!
-369
2,558
Table FFO-7. - Trust Funds Transactions July 1, 1973 through N o v e m b e r 30, 1974
Si
(In millions of dollars)
Receipts
Outlays
Interfund transactions
Classification
Total in
trust
funds
Trust
interfund
Receipts
and pro
of trust
prietary
funds
receipts
1/
(2)
(i)
(3)
Interfund
trans
actions
2/
(4)
Unified
budget
receipts
attrib
utable
to trust
funds
1/
(5)
Total in
trust
funds
(6)
Trust
inter
fund
trans
actions
(7)
Federal
Federal
payments employer
and con contri
tribu
butions
tions
Propri
etary
receipts
from the
public
Outlays
of trust
funds
(8)
(9)
(10)
-
22,698
-
Interest
and pro
fits on
invest
ments in
Federal
securities
Other
Total
4/
(12)
(13)
(14)
288
159
-
18
(ID
Unified
budget
outlays
attrib
utable
to
trust
funds
VO
^1
Excess of
receipts
or outlays
(-)
(15)
(16)
447
22,250
-314
3,102
-352
Federal Old-Age and Survivors
-
22,383
447
21,936
22,698
Federal Disability Insurance...
2,806
-
2,806
56
2,750
3,158
-
-
3,158
-
38
-
56
Federal Hospital Insurance.....
4,503
-
4,503
72
4,431
4,073
-
-
4,073
-
58
14
-
72
4,001
430
1,776
-
1,776
996
780
1,602
-
-
1,602
990
_
6
_
996
606
174
1,966
9
1,957
906
1,051
2,870
9
-
2,861
*
786
115
5
906
1,726
-675
-
-
-
-
-
-115
-
-
-115
-
_
_
_
_
-115
115
-
-
-
-24
-
-
_
_
_
-24
24
22,383
-
Federal Supplementary Medical
Federal Employees Retirement...
Federal Employees Life and
Federal Deposit Insurance
H
d
H
W
>
r
HH
Ul
o
-
-
-
-
-24
385
-
385
*
385
249
-
-
249
-
-
-*
-
-*
249
136
o
: 6,205
-
6,205
-
6,205
3,082
-
-
3,082
-
-
-
-
-
3,082
3,123
►d
H
2,733
-
2,733
39
2,694
2,245
-
-
2,245
-
-
39
-
39
2,206
488
79
79
-0-
-
-
-
-
79
-79
-
-
-
-
-
-79
79
5
HH
o
Military Assistance Advances...
1,639
1,639
-0-
-
-
972
-
1,639
-667
-
-
-
-
-
-667
667
z
03
Railroad Retirement...........
588
-
588
28
560
1,224
-
-
1,224
-
-
28
-
28
1,195
-636
2,926
-
2,926
101
2,825
2,847
-
-
2,847
-
-
101
-
101
2,746
79
203
192
11
11
-
294
-
192
102
-
-
10
1
11
91
-91
10
75
-65
-80
15
250
-
75
175
-
-
-90
11
-80
255
-240
48,205
1,995
46,210
2,578
43,632
45,425
9
1,986
43,430
990
1,170
401
17
2,578
40,623
3,008
;
General Revenue Sharing.........
Source: Based on Monthly Statement of Receipts and Outlays of the U.3; Government.
Note: 'The memorandum section of various tables in the Federal Budget presents the trust fund receipt
and outlay data on the same concept as columns (3) and (9) above. Trust interfund transactions
are payments from one trust fund to another trust fund and are excluded in calculating trust fund
receipts and outlays. The Intragovernmental transactions are payments from Federal funds to trust
funds, and vice-versa, but excludes $51 million in trust fund payments to Federal Funds.
l/ For content see columns (7) and (8).
2/ For content see columns (10-13)
J3/ Includes net taxes and other receipts, mainly deposits by States and Federal
employee retirement contributions.
ij Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
* Less than $500,000.
50
T a b le FFO-8.
- S e l e c t e d A c c r u a l D a ta R e p o r t e d by F e d e r a l A g e n c i e s f o r P e r i o d E n d e d June 30, 1974 (fin a l)
Transaction data
Quarter ended June 30, 1974-
Agency
Net
cash
outlays
(l)
Legislative Branch ................
The Judiciary .................
Executive Office of the President ....
Funds Appropriated to the President:
International security assistance .......
International development assistance .........
Other ...............
Agriculture Department ................
•Commerce Department ............
Defense Department-Military................
Defense Department-Civil............. ...........................j
Health, Education, and Welfare Department ....... 1
Housing and Urban Development Department ........
Interior Department ..........................
Justice Department ...................
Labor Department ...................
State Department .....................
Transportation Department .................
Treasury Department:
Interest on the public debt ..................
Other .............................
Atomic Energy Commission ....................
Environmental Protection Agency ..........
General Services Administration .......
National Aeronautics and Space Administration ....
Veterans Administration .......................
Other independent agencies ....................
Undistributed intrabudgetary transactions:
Federal employer contributions to retirement funds
Interest on certain Government accounts .......
Elimination of interagency receivables and pay
ables .............................
Total .......................
Off-budget Federal agencies:
Export-Import Bank of U.S....................
Postal Service ............................
Rural electrification and telephone revolving
fund .............. ,... .
(2)
Accrued
expen
ditures
(3)
Net
cash
outlays
• (4)
(5)
Accrued
expen
ditures
From the public
To
other
agencies
To the
public
(6)
Receivables
(7)
Accounts
Receivables
(8)
(9)
'
Advances
(10)
From
other
agencies
(Includes
advances)
(ID
62 329
39,018
2 158
624
iLOL
At y 1LLy
1q
4,025
1,601
52
525
T C\J0
258,148
-30,288
237 757
352 721
- 10'059
396,326
178,981
999,814
85,107
-56,229
-34,813
-241,223
-61,748
680,752 ’
1,459,359
1,374,889
JL•\->£f\J y IOJ
10,119,612
iy y
^^211
-L
78,021,771
1,860,661
94,734,419
4,870,922
-4,936,911
1,761,710
8,724,906
668,317
8,793,142
538,686
187,573
81 581
1 LLL DQQ
;u/;
7,687,425
309,813
7,456,133
558,290
271,690
59,011
64,820
123,755
1,445,858
254,058
64,571
667 528
66*362
116*353
2,474,051
92,435
1,042,681
586,637
49,291
21,710
20,901
14,775
104,478
107,424
65,751
/5Q
-5Q/
H
--'✓,^74
25,277
170,491
33,475
174,612
78,505
127,601
7,220
7,037
52,161
33,223
3,590
103,531
^9^ 1OC\
28,591
Q
T7y J 6+OA
122,566
419
323,404
8,786
34,334
48,644
471,800
8,982
142,793
17,330
Q 9Q7
R, c
0.
1LH{
P
4,096,333
86,662
1,178,332
453,528
73,043
16,530
21,996
82,003
62,727
29,272,292
6,673,818
2,307,250
2,032,100
-275,831
3,252,305
13,336,873
12,945,164
46,642
-168,813
-17,716
-32,371
-360,845
-143,629
199,467
587,010
29,318,933
6,505,005
2,289,534
1,999,729
-636,676
3,108,676
13,536,339
13,532,174
2,649,401
188,776
445,523
420,889
385,825
471,833
1,478,962
2,120,141
271,212
38,999
15,908
11,767
247,202
97,433
51,538
292,254
9
549,383
68,719
1,387
434,733
132,993
38,347
308,103
9,989
76,086
1,248
9,802
17,265
79,200
374,505
1,224,385
125,362
31,741
418,235
43,065
100,432
289,210
-3,319,464
-6,573,830
-12,791
-13,148
-3,332,255
-6,586,978
-281,983
-281,983
268,345,342
2,564,436
270,909,778
272,092
507,533
1,228,276
773,277
40,229
787,682
1,268,505
1,560,959
-935
—
40
196,313
101,960
571,940
102,000
3,589
"4°
575,529
101,960
-46,083
-46,083
- 499,529
- 499,529
23,826
2,233
159,340
74 527
28,356
625,105
205,188
75,425
878,379
409,206
331 390
1,810,424
381 771
20,967,329
528,680
25,953,072
1,028,367
-3,310,867
481,499
2,574,563
135,199
2,283,377
-2,836,540
-150,413
593 184
303 184
16,092
611,758
99,463
627,588
105,150
-8,768
488,347
28,575
62,223
695,804
-1,958,161
258,793
924 574
2,113,608
397 862
21,579,087
628,143
26,580,660
1,133,517
-3,319,636
969,846
2,603,138
197,422
2,979,181
1,201,211
1,405,177
1
Z.08
JLy £
fv_/0•Z.28
9,766,891
1,455,271
77,625,444
1,681,679
93,734,606
4,785,815
-4,880,682
1,796,523
8,966,129
730,064
8,112,389
8,738,907
1,857,011
813,080
760,674
-176,938
1,018,404
3,354,705
3,230,473
-1,222,700
-140,295
-97,427
373,287
-335,327
-39,772
213,975
-248,071
7,516,206
1,716,715
715,653
1,133,961
-512,264
978,632
3,568,680
2,982,402
-959,152
-3,110,919
10,517
1,341,963
-948,634
-1,768,956
4,132,161
4,132,161
70,214,798
4,650,016
74,864,814
216,008
351,946
56,084
155,587
197,248
867,202
Net
change
in re
ceivables
and payables
Payables
631 176
205 151
76*757
135,514
74 527
26,123
Elimination of interagency receivables and pay
ables .............
Total Off-budget Federal agencies ........
Net
change
in re
ceivables
and payables
Balances as of June 30. 1974
Current fiscal year to date
164,614
1,031,816
2,675,492
6 072
-?7
1,332
331,931
3,007,423
242,295
d
M
W
>
tr*
O
J
|
.
hd
o
■w
50
;
167,464 >
133,200
■
A A
28,747,511
-9,105,980
'
’ ’
I
-6,642,763
-
2,911,589
2,201,349
102,419
850,831
79
926,670
129,229
32,907
4,583
*
972
909
98,107
657
953,251
-
260,900
239,299
218
382
^PPPP
-928,630
1
4,583
-239,899
-
Source: Bureau of Government Financial Operations.
Note: Figures on accrued expenditures are developed from reports submitted to the Department of the Treasury by Federal agencies. Accrued revenues resulting from the Government's sovereign authority,
e.g., income and various employment taxes, and customs collections are not included in this report. Cash outlays and accrued expenditures are offset by revenues of a proprietary nature, e.g., marketoriented revenues or revenues derived from activities operated as business-type enterprises. Figures reported by agencies on receivables and payables may differ to some extent with reports on budget
status (S.F. 133 to 0MB) and budget results (BA-R 2108 to Treasury) due to conceptual differences, e.g., deferred charges and advances to consolidated working funds are reported as receivables for this
table and as liquidated obligations f<5r budget reports. For certain agencies submitting flash reports on cash transactions, the net cash outlays shown above may not be totally consistent with
""
comparable data published in the Monthly Treasury Statement.
* Less than $500.
I
v3
ba
ft
$2\
13
January 1975
.FEDERAL OBLIGATIONS,
"Obligations"
are the basis on which the use of funds
is controlled in the Federal Government.
They are recorded
of categories which are based upon the nature of the trans
action without regard to its ultimate purpose.
All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example,
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order,
in current operations or in the construction of capital items.
delivery,
payment,
consumption— which
characterize the acquisition and use of resources.
are reported as per
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
another; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements.
In Table
FO-1, obligations that are incurred within the Government are
The obligational stage of Government transactions is a
strategic point
in gauging the impact of the Government’s
distinguished from those incurred outside the Government.
Tables FO-2, 3> and k show only those incurred outside.
operations on the national economy, since it frequently rep
resents
for business firms the Government commitment which
stimulates business investment, including inventory pur chases
and employment of labor.
months
Disbursements may not occur for
after the Government places its order but the order
itself usually causes
immediate pressure on the
private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September
1967
Treasury
Bulletin and the trust fund accounts were first published in
the October
1967 Bulletin.
Beginning with the April
1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President’s
Commission on Budget Concepts.
Treasury Bulletin
14
.FEDERAL OBLIGATIONS.
T a ble FO-1. - Gross Obligations Incurred W ith in and Outside the Federal Govern m en t by
Object C lass,O ctober 31, 1974 1/
(In millions of dollars)
Gross obligations incurred
Object class
Outside
Personal services and benefits
Personnel compensation......
Personnel benefits.........
Benefits for former personnel.
Within
Total
1A,338
14,338
2,365
3,284
1,114
3,284
Contractual services and supplies
Travel and transportation of persons.
Transportation of things..........
Rent, communications, and utilities..
Printing and reproduction.........
Other services............ .'......
Supplies and materials............
Acquisition of capital assets
Equipment...............
Lands and structures......
Investments and loans.....
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends............
Refunds.........................
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
Gross obligations incurred 2/.
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ See Table F0-4.
2/ For Federal Budget presentation, a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
561
618
877
63
11,865
7,810
177
687
608
107
4,635
3,485
738
1,305
1,485
170
16,500
11,295
5,136
1,565
5,499
1,501
156
6,637
1,721
5,584
15,652
29,959
7,961
499
635
16,287
29,959
11,565
499
3,604
-176
2,343
29
261
311
85
2,654
29
108,995
17,504
126,499
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above).......
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts....................
126,499
25,751
14,810
85,938
Net obligations incurred.
Table FO-2. - Gross O b liga tion s Incurred Outside the Federal Governm ent by M a jor Function
and M ajor O bject Class, October 31, 1974 1/
(In millions of dollars)
Major object class
Personal
services
and
benefits
Contractual
services and
supplies
National defense..................
12,633
16,750
Major function
Acquisition of capital assets
Equipment
4,683
Lands and
structures
Investments
and loans
Grants
and
fixed
charges
Other
774
-
156
2,203
Total
37,200
International affairs and finance...
119
63
2
2
-
215
104
506
Space research and technology.......
180
938
18
15
-
*
-
1,151
Agriculture and rural development...
267
184
3
*
-93
Natural resources.................
946
228
391
1,864
17
943
813
1,005
-3
3,169
3,396
Commerce and transportation.........
854
406
46
52
194
1,687
-46
3,194
Community development and housing...
109
107
*
221
3,189
836
1
4,463
Education and manpower.............
190
151
5
1
5
2,777
2
3,131
Health...........................
128
566
3
1
7,076
*
7,773
Income security...................
540
496
53
1
-
24,252
-
25,343
Veterans benefits and services......
827
335
55
85
188
3,801
27
5,318
Interest.........................
-
-
-
-
-
7,733
-
7,733
General government................
2,074
851
39
22
40
3,589
1
6,617
Total............................
18,735
21,794
5,136
1,565
5,499
54,070
2,197
108,995
1/ See Table F0-4.
* Less than $500,000.
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
Si
by Department or Agency, October 31, 1974 V
(In millions of dollars)
Personal services & benefits
Classification
Legislative Branch 3/ .............
The Judiciary.....................
Executive Office of the President___
Funds appropriated to the President:
International security assistance..
International development assistance
Agriculture Department:
Commodity Credit Corporation.....
Commerce Department................
Defense Department:
Military:
Department of the Army.........
Department of the Navy.........
Department of the Air Force....
Civil defense.................
Benefits
Personnel Personnel for
benefits former
compen
sation
personnel
2/
52
-
*
10
_
_
3
13
-
-
1
472
-
*
290
408
363
-
143
2 ,9 0 7
3 ,3 0 6
2 ,9 6 1
357
4
9 ,5 3 5
Civil...........................
Health, Education, and Welfare
Department......................
Housing and Urban Development
Department:
Government National Mortgage
Association..................
Total.......................
Off-budget Federal agencies: 4/
Export-Import Bank of U.S........
Postal Service..................
Rural Electrification Administration
Total Off-budget Federal
agencies...................
3
*
7
1
1
*
*
*
*
1
1
3
*
*
*
*
7
_
1
24
6
7
8
1
17
12
2
3
2
1,963
-
177
117
60
13
*
119
235
141
24
*
1,970
368
519
1
8
2
*
2
*
1
Grants and fixed charges
Invest
ments
and
loans
Grants,
subsidies,
and con
tributions
*
2
*
_
_
_
_
3
51
_
*
196
*
2
3
1
65
36
103
44
6
243
12
8
14
*
54
1,850
137
17
#
131
197
114
147
*
3
20
869
490
1,940
1,895
*
2,040
1,967
19
*
163
152
88
_*
590
31
1,173
3,444
2,180
446
10
7,253
6,36 6
4,516
403
33
33
13
239
7
2
*
1
1 ,6 6 2
_
VO
\l
67
*
1 ,6 2 1
5
1
14
_
_
107
272
_
*
*
1
*
_
-8
11
_
-8 2
_
_
-13
2
2
28
1,348
109
738
8
-
-
2 ,2 0 3
_
195
14
267
327
4,513
^87
*
9
-
29
9
-1
-1
-
7,677
11,977
10,302
4,893
43
34,891
1
*
*
_
_
_
593
28
-
33
4
-
_
_
_
_
-
1
1
8
19
-
*
_
_
77
3
5
8
-
3
2
_
_
9
*
15
2
28
2
4,42
20
5
2
3
2,802
24,858
-
-
•
-
-
28,693
_
_
*
_
53
_
*
*
*
12
19
9
6
5
29
1
1
*
*
71
14
313
20
14
8
93
*
*
46
23
1
2
47
41
4
1
2
34
221
132
9
#
2,736
458
585
239
*
14
*
*
385
175
1,453
1,558
18
*
23
7
*
13
38
*
1
-1
-
1
71
-
*
161
*
_
4
17
11
5
9
19
1
1
-
2,830
1,423
1,233
265
2,208
381
2,239
*
-
*
*
*
*
21
30
12
3
13
1
*
*
31
1,534
27
17
1
2
440
9
3,077
100
#
4
*
*
-
7,657
76
-
*
*
-
-
7.657
76
3,077
-
-
883
-
*
-
27
-
1,151
5,310
-
88
-2
1
-
-
25
-
224
894
5,780
2,343
29
108,995
186
76
81
532
-
521
53
55
67
179
24
121
218
22
3
4
1
3
2
*
7
7
4
2
*
17
2
2
106
_
*
1
*
6
17
2
3
21
25
*
-
_
-
*
1,150
1
2
13
*
26
1
5
*
*
9
63
2
16
1
877
63
99
3
-
14,338
1,114
3,284
561
618
2,550
*
5
10
235
*
-
-
*
-
-
-
2,550
*
5
10
235
99
3
116
24
173
107
2
25
18
55
18
-
39
3
370
*
6
40
-
15
83
188
630
*
*
*
3,478
323
*
*
*
-
189
168
26
672
413
7
4
2
-2
12
424
11,865
7,810
5,^99
15,652
Source:
Reports on Obligations, Standard Forms 225, from agencies.
Note:
Agency shifts are shown in this table beginning with the period of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ See Table FO-4
2/ For purpose of this report this object class is considered as totally within the Federal Government except
5,136 1,565
ED
RE]PORTS NO'p r e ceiv :
33
55
19
55
-
33
55
V
4/
Si
Total
gross
obliga
tions
incurred
11
60
*
Obliga
Untions in vouchcurred
ered
abroad
R]SPORTS N()T RECErVED
*
43
_
*
_
*
Other
Insurance Interest
Undistrib
claims
Refunds uted U.S.
and
and indem dividends
obliga
nities
tions
_
821
Other independent agencies:
Small Business Administration....
Tennessee Valley Authority.......
Other...........................
Other
ser
vices
Lands
Equip and
struc
ment
tures
51^
366
Environmental Protection Agency....
General Services Administration....
National Aeronautics and Space
Administration...................
Travel and
Rent, com Printing
Transpor
trans
munications , and
tation
of
repro
portation
and
of persons things
duction
utilities
Sup
plies
and
mate
rials
1
93
Justice Department................
Labor Department..................
State Department..................
Transportation Department..........
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing..........
1,0 6 0
200
Acquisition of
capital assets
Contractual services and supplies
“
-
19
55
1
3,135
59
22
29,959
7.961
7
18
499
-7 0
-1 7 6
788
2,101
733
664
3,090
292
-
-
-
-
-
-
“
292
292
-
7
18
-
-
-
-
3,381
for the Department of Defense and Transportation Department, U.S. Coast Guard.
Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
Export-Import Bank since August 17, 1971, rural electrification and telephone revolving fund and Rural Tel
ephone Bank since May 12, 1973, and Postal Service since July 1, 1973*
Less than $500,000.
n
o
w
to
$
S
E
a
HH
o
2
go
T a b le FO-4. - G r o s s O b li g a t io n s In cu rred O u t s i d e th e Federal G o v e r n m e n t
c\
C o m p a r a t i v e S ta te m e n t by M o n t h s 1/
_____________________________________ (in millions of dollars)______
Fiscal year 1974Object Class
Oct.
National defense:
Personal services and benefits:
Personnel compensation......
Personnel benefits.........
Benefits for former personnel.
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things..........
Rent,communications, and utilities...
Printing and reproduction.........
Qther services..................
Supplies and materials............
Acquisition of capital assets:
Equipment...... ..........
Lands and structures.......
Investments and loans......
Grants and fixed charges:
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends............
Refunds.......................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
Total national defense.
Non-defense:
Personal services and benefits:
Personnel compensation......
Personnel benefits.........
Benefits for former personnel.
Dec.
Jan.
Feb.
Mar.
|
Apr.
May
June p
July
Aug.
Sept.
Comparable
Cumulative period
to date
FY 1974
Oct.
2,251
278
412
2,291
260
418
1,777
237
416
2,816
377
441
1,656
153
445
2,119
218
441
2,389
257
454
2,273
240
451
4,357
681
455
2,589
278
483
2,529
278
488
2,183
261
499
2,300
243
501
9,601
1,060
1,972
9,209
1,059
1,630
43
52
143
10
2,569
1,251
46
72
109
11
1,228
1,033
42
108
85
4
790
1,144
102
162
121
10
1,472
1,242
54
100
93
9
1,124
1,187
73
12
101
6
1,050
1,495
84
122
109
11
1,297
1,509
88
153
121
10
1,050
1,428
165
100
124
12
1,818
2,341
96
115
150
9
2,484
1,735
115
174
146
Hr
2,534
1, 509r
70
98r
172
6r
l,674r
l,582r
90
137
153
5
2,102
1,581
372
524
620
32
8,795
6,407
314
413
498
38
7,617
4,966
1,668
276
1,344
76
952
151
1,582
129
1,130
59
859
158
1,058
199
508
127
1,365
373
948
147
1,098
210
l,463r
195
1,174
222
4,683
774
4,198
592
3
9
3
6
11
8
3
12
5
5
4
4
6
7
10
7
5
6
3
1
5
4
7
-16
2
5
-6
2
4
3
22
4
4
18
7
74
7
8
2
8
5
6
2
30
1
7
2
17
19
8
1
31
33
29
8
86
15
31
24
22
8
505
*
-8
437
*
_*
182
*
-7
879
*
_*
679
-*
81
343
*
-1
388
*
63
-2,246
•*
639
*
-*
531
-*
-1
406
629
9,558
7,434
6,154
8,665
6,898
7,213
7,917
6,871
9,712
9,700
9,667
8,638
9,195
-1
2,205
37,200
*
585
*
2,278
32,905
$
§
1,154
2
720
1,113
5
45
1,208
6
28
1,123
6
88
1,205
2
25
1,210
9
36
1,283
6
40
587
5
24
2,058
5
1,858
l,152r
5
83
1,330
5
65
l,177r
5
1,128
1,078
38
36
4,736
53
1,312
4,592
16
876
o
>
36
16
74
11
1,120
308
47
13
79
26
836
648
58
33
73
34
691
468
40
27
97
27
954
419
58
45
89
23
878
294
60
13
111
28
1,705
633
39
37
73
7
60lr
552
51
17
61
8
797
300
50
18
49
6
8l9r
309
48
22
73
10
852
239
189
93
256
31
3,070
1,403
174
85
306
115
2,733
1,437
255
322
770
65
220
1,656
145
234
1,554
137
329
2,056
60
202r
1,774
86
197
l,497r
248
233
1,575
453
791
5,499
237'
880 '
2,625'
6,887
8,221
1,653
783
4,207
1,986
2,044
80r
2, 662
8,230
1,868
129
4,275r
14,364r
2,007
120r
4,475
5,349
2,034
84
15,619
29,929
7,953
413
16,840
27,187
7,123
385
-697
129
7
-72
40
7
-48
11
7
-72r
56r
7
18
31
7
-175
139
29
-2,111
230
26
i
-
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things..........
Rent, communications, and utilities..
Printing and reproduction.........
Other services...................
Supplies and materials............
45
19
86
14
676
345
53
30
72
22
765
273
39
15
72
32
772
203
Acquisition of capital assets:
Equipment......... .............
Lands and structures.............
Investments and loans.............
89
378
351
55
247
599
51
81
680
45
149
V35
85
70
1,666 _
Grants and fixed charges:
Grants, subsidies, and contributions.
Insurance claims and indemities....
Interest and dividends............
Refunds........................
4,100
6,881
1,833
33
2,419
6,898
1,777
108
4,370
6,961
1,894
42
4,920
7,256
2,010
117
4,351
7,635
1,638
71
4,957
8,735
2,029
165
5,131
8,360
1,715
166
12
45
7
73
52
7
601
40
36
408
54
-22
-475
100
4
11
47
5
-60
28
5
3,191
8,548
1,787
103
-1
82
5
Total non-defense.
16,791
14,612
17,127
19,056
18,025
19,906
20,179
17,650
25,976
12,877r
17,275r
25,193r
16,449
71,794
63,757
Grand total.
26,348
22,046
23,282
27,720
24,923
27,119
28,096
24,520
35,689
22,577r
26,942r
33,831r
25,645
108,995
96,662
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
1/
*
p
r
Nov.
!
!
Excludes Agency for International Development.
Less than $500,000.
Preliminary,
Revised.
59
1-60
654
•59
H
d
M
C
HH
§
CO
55
3
January 1975
17
. A C C O U N T OF T H E U .S . T R E A S U R Y
Source and A va ila b ility o f the Balance in the A ccou n t o f the U.S. T reasu ry
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury’s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt 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 country.
The tax and loan account system permits the Treasury to
leave funds in banks and in the communities in which they arise
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government- securities.
economy.
In most cases the transaction involves merely the transfer of
In this way the Treasury is able to neutralize the
A detailed description of the Treasury’s depositary system1
money from a customer’s account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 2 8 2 - 2 8 5 .
On occasions, to the extent authorized by the
T a b l e U S T -1. - S ta tu s o f t h e A c c o u n t o f th e U^S. T r e a s u r y
(In millions of dollars)
Treasury operating balance
End of
fiscal year
or month
Funds m process
of colLlection
throu<*h:
1/
Available funds in
demand accounts at:
Federal
Reserve
Banks
Special
depositaries, Other
Treasury Tax deposi
and Loan
taries 2/
Accounts
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1972-Dec...........
672
766
1,311
1,074
1,258 1,005
1,274
2,344
4,038
2,919
1,856
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
8,907
139
106
88
310
1973-Dec...........
1974-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
2,543
2,844
2,017
1,372
2,814
3,134
2,919
7,760
7,628
5,579
6,915
8,576
3,226
6,152
70
69
69
69
89
88
88
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
3,823
3,304
3,211
789
1,494
3,113
2,543
2,049
5,384
1,381
1,571
2,749
88
91
92
71
-
-
70
Total
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
9,159
11,073
Federal
Reserve
Banks
233
370
577
352
393
355
419
252
243
276
121
10,374 ’ 89
10,542
235
7,665
203
8,355
183
11,480
733
6,448 1 128
9,159
276
6,455
5,443
8,687
2,241
3,066
5,932
141
102
263
124
130
149
Source: Bureau of Government Financial Operations.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have
been converted from a time deposit to a demand deposit basis to
permit greater flexibility in Treasury cash management.
Other
deposi
taries '
------- r
Time deposits
and other
depositary
accounts
Coin,
currency,
and coinage
metal
Miscel
laneous
items
179
117
135
>104
320
252
266
190
158
2i.8
187
54
41
19
37
534
775
1,159
‘ 768
553
277
441
471
586
602
570
55
93
62
86
104
121
108
129
70
54
90
64
137
69
106
193
73
135
27
50
42
41
38
34
19
531
548
528
661
611
620
602
43
64
101
59
46
n.a.
33
26
33
79
22
n.a.
588
613
625
604
621
n.a.
80
78
33
125
53
92
54
37
20
61
43
51
1 n.a.
-
2/
*
Gold
Balance
V
1
Balance in
account of
the U.S.
Treasury
108
102
112
111
112
111
109
107
107
106
107
12,610
12,407
7,759
6,694
7,104
9,016
9,911
11,310
13,741
10,352
12,102
107
107
107
107
106
106
106
11',273
11,696
8,646
9,579
13,213
7,502
10,352
106
106
106
106
106
-
1
7,403
6,373
9,877
3,256
4,041
n.a.
Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
Miscellaneous items column.
Lj The free gold balance can be readily converted to available funds with
Federal Reserve banks.
n.a. Not available.
18
Treasury Bulletin
A C C O U N T OF T H E U.S. T R E A S U R Y
T a b le U ST-2. - A n a lysis o f Changes in T a x and Loan Account B alan ces
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities l/
Fiscal year
or month
196
196
196
196
196
197
197
197
197
197
5
6
7
8
9
0
1
2
3
4
Savings
bonds
and
savings
notes 2/
Retire
ment
plan and
tax and
lpss
bonds 2/
Tax
antici
pation
securities
2,635
2,704
2,783
2,673
2,599
2,573
2,844
3,309
3,261
3,095
2,340
7,368
7,643
9,538
10,408
13,043
6,954
6,443
4,413
8,255
1,351
1973-Dec.
200
1974-Jan.
Feb.
Mar.
Apr.
May.
June
337
330
292
296
293
233
July
Aug.
Sept
Oct.
Nov.
Dec.
259
272
237
275
260
247
Other
1,627
1,173
9,576
5,417
3,640
12,421
9,369
6,158
817
3,967
1
1,383
1,475
39 6/
Taxes
Witheld,
excise
and cor
poration 4/
42,475
48,478
70,524
90,791
123,906
132,460
131,121
145,797
171,828
197,091
During period
Income (by
special
arrangeraent) 5/
12,598
14,522
9,257
Total
Credite
60,050
74,699
91,382
112,583
142,333
151,721
153,346
164,920
185,669
209,267
With
drawals
58,540
75,338
97,160
112,741
141,921
149,317
152,900
164,645
184,874
211,545
End of
period
High
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
10,872
11,274
9,979
8,004
9,720
7,990
8,532
10,251
10,854
9,340
Average
1,844
447
710
1,029
709
894
846
1,737
800
520
5,431
*4,324
3,775
4,191
4,329
4,022
5,146
5,648
5,644
3,913
3,691
5,778
4,438
4,215
3,557
5,496
3,374
3,355
2,152
3,069
1,499
937
2,097
18,376
14,202
15,259
19,289
18,618
16,173
22,460
19,929
14,831
7,760
7.760
961
14,539
15,589
23,552
18,915
16,466
22,696
7,628
5,r79
6,915
8,576
3,226
6,152
8,343
6,906
6,915
8,576
9,340
6,800
16,252
16,282
19,897
15,419
15,543
20,857
17,894
18,029
20,134
15,694
15,803
21,143
14,674
17,644
22,213
17,254
21,813
19,773
21,501
18,524
16,797
19,699
15,621
19,957
2,544
2,049
5,386
1,381
1,563
2,749
7,249
3,098
5,536
4.760
2,408
3,851
3,432
2,731
1,563
520
3,226
844
1,740
626
694
165
7
371
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
l/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
•customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
J2/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
4 / Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad '
Retirement Tax Act beginning July 1951; a number-of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 15, 1968
and FUTA taxes beginning April 1970.
5/ Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments,or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
6/ Credits erroneously allowed in one Federal Reserve district.
January 19 J5
19
ACCOUNT OF THE U.S. T R E A S U R Y _____________________________________
Table UST-3. - Summary o f Cash T ransactions through
the Account o f the U.S. Treasury
As stated in the November Bulletin, no additional
figures will be provided after publication of September
data, due to major adjustments to the format of UST-3,
contemplated as a result of the complete revision of the
Daily Statement of the U.S. Treasury.
Table UST-4. - G old Assets and L ia b ilities o f the Treasury
(In millions of dollars except ounces)
Gold Assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces
1965.............. .............
1966............................
1967............................
1968............................
1969............................
1970............................
1971............................
1972........*...................
1973............................
392,380,431.8
375,974,390.9
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
1973-Dec.........................
273,954,660.5
273,954,675.0
273,954,679.0
273,954,692.1
273,949,648.2
273,949,686.7
273,949,698.8
273,949,698.8
273,949,977.1
273,948,796.4
273,948,798.0
273,948,663.1
275,968,413*9 5/
1974-Jan.........................
Feb.........................
Mar.........................
Apr.........................
May.........................
June........................
July... ....................
Sept........................
Oct.........................
Dec.........................
Balance of gold in
U.S. Treasury account
Dollars
1
Source:
Circulation Statement of United States Money through 1965;
Daily Statement of the United States Treasury thereafter.
1/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from
September 19, 1965 through February 15, 1972; redemption fund for
Federal Reserve notes until March 18, 1968 when it was combined with
the gold certificate fund pursuant to P.L. 90-269, approved March 18,
1968, and gold reserve against U.S. notes until March 18, 1968 when
it was transferred to the public debt also pursuant to P.L. 90-269.
2/ The United States payment of the $259 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965 (70 Stat. 119) was made on June
30, 1965.
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
13,733 1 /
13,159
11,982
10,367
10,367
10,732
10,132
10,410 v
11,567 5/
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
11,460
107
118
112
111
112
109
113
107
107
11,567
11,460
107
11,567
11,567
11,567
11,567
11,567
11,567
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,652 6/
107
107
107
106
106
106
11,567
11,567
11,567
11,567
11,567
11,652
106
106
106
106
106
- y
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million.
4/ Gold assets were valued at $38 per fine troy ounce until October 18,
1973, when they were revalued at $42.22 pursuant to the amending of
Section 2 of the Par Value Modification Act, P.L. 93-110, approved
September 21, 1973. The increment amounted to $1,157 million.
£/ Figures prior to December 1974 exclude gold held by the Exchange
Stabilization Fund. On December 9, 1974, Treasury acquired all gold
held by the Exchange Stabilization Fund in the amount of 2,019,751
fine troy ounces. See "International Financial Statistics." Table
IFS-1.
6/ As of December 9, 1974, gold certificates have been issued to the
Federal Reserve against all of the gold owned by the United States
Government.
20
Treasury Bulletin
.M O N E T A R Y S T A T IS T I C S
Table MS-1. - Money in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
13
4
4
4
4
4
4
4
4
3
4
829
582
395
225
223
220
218
215
213
212
214
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1972-Dee..
64
61
59
57
55
54
53
52
51
52
22
21
21
21
20
20
20
20
20
20
20
1973-Nov..
Dec..
51
51
20
20
213
213
1974-Jan..
Feb..
Mar..
Apr..,
May..
June.
51
51
51
51
51
20
20
20
20
20
20
213
212
212
212
212
212
51
51
51
51
51
20
20
20
20
20
212
212
212
212
211
51
July.
Aug..
Sept.,
Oct..
Nov..
End of
fiscal year
or month
Dollars
Fractional
coin
Currencies presently
being issued 1/_____
Federal
Reserve
notes 2./
1
1
1
1
1
1
1
1
1
1
1
1
1
Total
Treasury
notes of
1890
Total
currencies
United
States
notes
Federal
Reserve
notes 4/
302
303
300
299
294
297
321
320
320
321
320
34,820
37,315
39,289
41,722
44,547
47,626
51,304
54, 572
59,664
65,185
58,619
36,058
38,290
40,071
42,331
45,146
48,223
51,922
55,184
60,273
65,793
59,229
321
321
61,991
64,130
62,600
64,738
321
321
322
322
322
321
61,529
62,114
62,766
63,712
64,610
65,185
62,138
62,723
63,375
64,321
65,219
65,793
321
65,658
66,165
66,072
67,072
68,893
66,267
66,773
66,679
67,680
69,501
322
322
322
322
Total
money in
circula
tion 5/
Money in
circulation
per capita
(in dollars) 6/
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1972-Dec..
482
482
482
482
482
482
482
633
705
765
671
3,180
3,782
4,160
4,827
5,308
5,646
5,990
6,383
6,793
7,275
6,615
3,662
4,264
4,641
5,309
5,790
6,128
6,472
7,016
7,498
8,040
7,287
39,720
42,554
44,712
47,640
50,936
54,351
58,393
62,201
67,771
'73,833
66,516
204.14
216.10
224.55
236.82
250.65
265.39
282.03
297.84
322.08
348,42
317.17
1973-Nov.,
Dec..
727
733
736
741
749
755
760
765
770
775
779
784
788
6,969
7,026
7,696
7,759
7,742
7,770
7,822
7,912
7,980
8,040
70,296
72,497
69,880
70,493
71,196
72,233
73,199
73,833
333.06r
343.24
330.66
333.40
336.54
341.27
345.63
348.42
8,106
8,152
8,176
8,219
8,287
74,373
74,926
74,856
75,899
77,789 1/
350.71
353.06
352.46
357.12r
365.78
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
7,006
7,029
7,072
7,157
7,220
7,275
7,336
7,377
7,397
7,435
7,500
Source: Circulation Statement of United States Money through December 1965,
thereafter, Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
Issued on and after July 1, 1929.
5/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
7/ Highest amount to date.
r Revised.
* Less than $500,000.
January 1975
21
FEDERAL DEBT
Table FD-1. - Summary o f Federal Debt
(In millions of dollars)
Securities held by:
Amount outstanding
End of
fiscal year
or month
Government accounts
Total
1/
Public
debt
securi
ties 1/
Agenqy
securi
ties
Public
debt
securi
ties
Total
The public 2/
Agency
securi
ties
469
468
2,010
3,001
2,846
2,553
2,251
2,100
1,996
1,988
2,190
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770
343,045
346,053
341,155
252,748
251,782
251,084
269,231
268,080
274,924
294,417
314,976
333,932
336,029
331,576
1,963
1,961
345,930
349,058
336,132
339,432
9,798
9,625
1,967
1,985
2,002
2,012
2,017
1,988
348,285
348,123
352,432
349,931
349,939
34b, 053
347,706
349,980
350,549
351,270
355,770
338,654
338,527
342,459
339,930
339,973
336,029
337,800
340,152
340,881
341,303
346,335
9,631
9,596
9,973
10,000
9,966
10,024
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
140,194
119,088
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
138,206
448,473
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,012
11,770
463,212
469,073
11,760
11,586
129,043
131,602
1974-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June ......
474,973
480,659
478,957
481,44-3
485,650
483,090
485,834
486,247
467,359
469,862
473,675
471,078
473,850
474,235
11,598
11,581
11,975
12,012
11,984
12,012
130,672
133,320
133,217
133,159
135,895
140,194
127,080
129,641
128,706
131,335
131,215
131,147
133,877
138,206
July..........
Ang...........
Sept.. . .......
Oct........
Nov...........
487,239
493,622
493,130
491,646
496,768
475,344
481,792
481,466
480,224
485,364
11,895
11,831
11,664
11,422
11,404
139,534
143,642
142,581
140,376
140,998
137,544
141,640
140,585
138,421
139,029
1,990
2,002
1,996
1,955
1,969
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974 .............
1972-Dec...........
323,154
329,474
341,348
369,769
367,144
382,603
409,467
437,329
468,426
486,247
313,819
316,097
322,893
345,369
352,895
370,094
397,305
426,435
457,317
474,235
460,243
1973-Nov...........
Dec...........
Source:
Monthly Statement of Receipts and Outlays of the U.S. Government.
l/ Amounts of public debt securities outstanding have been adjusted to exelude issues to IMF and other international lending institutions to
116,897
Public
debt
securi
ties
Agency
securi.ties
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794
9,113
10,024
9,579
Total
9,905
9,829
9r6'68
9,467
9,435
conform with the budget presentation and th£ SC>iirC6' f6t* this t&bl<*«
2/ Includes holdings of Federal Reserve banks,
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
End of
fiscal year
or month
Total
interestbearing
public
debt 1/
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1972-Dec..........
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
1973- Dec..........
467,827
1974-Jan..........
Feb..........
Mar..........
Apr... :......
May..........
June.........
466,273
468,629
472,622
480,087
472,741
473,238
July.........
474,334
Aug..........
480,740
Sept.........
480,103
Oct..........
479,174
484,150
Nov..........
Footnotes at end of Tal le FD-8*. "
Computed
annual
interest
charge 2/
11,467
12,516
12,953
15,404
17,087
20,339
20,254
21,545
• 26,591
30,741
24,006
29,514
29,646
29,423
29,760
29,836
30, 560
30,741
30,852
32,036
32,260
31,934
32,410
OO c>OCj
Total
interestbearing
public
debt l/
Computed annual interest rate
Marketable: issues
Non-marketable
Bills
Certifi
cates
Government
account
series 5/
Notes
Treasury
bonds
Other 4/
3.642
3.655
3.686
3.681
3.722
3.762
3.759
4.018
4.393
4.75.5
4.309
3.493
3.713
3.745
3.876
3.979
4.327
4 .6O8
4.636
5.138
5.374
4.827
3.372
3.693
3.854
4.133
4.555
5.235
5.375
5.475
5.880
6.430
3.678
3.988
4.039
4.499
4.891
5.557
5.141
5.093
5.872
6.560
5.402
3.800
4.134
4.165
4.757
5.232
5.986
5.210
5.099
6.129
7.030
4 .O64
4.845
4.360
5.711
6.508
7.340
4.516
4.188
6.590
8.416
Federal
Financing
Bank
-
5.520
5.079
-
-
3.842
4.321
4.764
5.294
5.668
6.420
6.519
6.312
6.412
6.529
6.328
6.371
6.820
_
6.462
4.566
5.355r
6.110r
6.838
6.765
6.793
6.845
7.006
7.030
8.073
8.116
7.886
7.914
8.072
8.321
8.416
_
6.382
6.337
6.358
6.409
6.529
6.560
6.128
6.160
6.156
6.238
6.324
6.430
8.397
8.650
8.777
8.646
8.416
8.185
4.569
4.643
4.645
4.649
4.752
4.755
4.758
4.861
4.862
4.864
4.981
4.998
5.337
5.295
5.308
5.341
5.400
5.374
7.036
7.316
7.338
7.294
7*278
7.216
_
-
6.462
6.443
6.443
6.464
6.528
6.529
6.596
6.779
6.816
6.761
6.790
£ 771
8.631
8.631
8.631
8.631
8.631
8.631
5.363
5.375
5.435
5.418
5.517
5.514
6.540
6.630
6.676
6.563
6.631
6.689
Total
Treasury 2/
4.851
5.250
-
6.529
6.757
6.797
6.799
6.901
6.925
5.563
22
Treasury Bulletin
_____________ __FEDERAL DEBT______________
.. — ■■■■■—
'■ f
T a b le FD-3. - In te r e s t -B e a r in g P u b lic D e b t
(In millions of dollars)
Nonmarketable
Marketable
End of
fiscal year
or month
Total
interest
"bearing
public
debt
Foreign Government
Series
Total
Bills
1/
Certif Treasury Treasury
bonds
notes
icates
50,649
49,108
71,073
78,946
93,489
104,807
113.419
117,840
128.419
1027451
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
33,137
103,870
121,507
270,224
107,786
270,131
269,650
273,596
270,452
269,550
266,575
268,782
272,111
272,608
273,525
277,538
282,891
107,805
107,850
111,859
107,337
107,941
105,019
107,321
110,581
111,099
112,083
114,632
119,746'
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1972-Dec.,
313..,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575
54,929
58,535
64,440
68,356
72,154
86,677
94,648
100,061
105,019
447,298
269,509
1973-Dec1974-Jan. ,
Feb.,
Mar.,
Apr.,
May.,
June,
467,827
466,273
468,629
472,622
470,087
472,741
473,238
July,
Aug.
Sept
Oct.,
Nov.
Dec..
474,334
480,740
480,103
479,174
484,150
491,561
1,652
5,160
u.s,
savings
bonds
Total
Invest
ment
series
.Depos
itary
series
Other
Dollar
Foreign
denomi currency
nated 2/ denomi- ,
nated 2 /
-T7T7T
"1,1^
817
957
890
624
2,001
1,740
2,367
1,703
3,389
1,366
7,606
1,664
2,072
16,913
26,781
1,743
23,412
1,599
18,921
1,710
Govern
ment
account
series
y
IET
137
97
282
564
1,656
3,389
1,322
1,407
2,002
# , fear
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
115,442
1,304
95,948
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55.921
59,418
61.921
2,692
2,589
2,516
2,459
2,387
2,347
2,310
2,275
2,271
44,133
l(J4,4i«
106,303
111,614
117,808
125,623
136,426
150,816
168,158
193,382
206,663
177,788
57,579
2,305
~ W
44
45
30
28
25
23
22
19
16
22
124.643
124.644
126,088
126,088
127,587
128,385
128.419
37,795
37,682
35,712
35,648
35,529
33,224
33,137
197,603
196,142
198,979
199,027
199,635
203,191
206,663
60,317
60,497
60,798
61,097
61,381
61,658
61,921
2.273
16
24,461
1,586
2.273
2.272
2.272
2.272
2.271
2.271
16
16
16
16
16
16
23,757
23,762
23,602
24,086
24,400
23,412
1.588
1.589
1,597
1.599
1.599
1.599
977r
1,861
1,912
1,977
1,931
1,961
2,002
107,973H
106,153
108,629
108,465
108,350
111,286
115,442
128.420
127,675
127,702
127,679
129,613
129,762
33,041
33,854
33,807
33,762
33,293
33,382
205,551
208,629
207,495
205,649
206,612
208,670
62,183
62,339
62,533
62*811
63,144
63,349
2.271
2.271
2,270
2.269
2.269
2.269
16
17
17
17
17
17
22,802
21,600
21,577
21,542
21,523
21, 214
1.599
1.599
1.599
1.599
1.599
1.599
1,163
1,155
1,169
1,172
1,168
1,151
115,517
119,648
118,329
116,241
116,893
119,073
Monthly statement of the Public Debt of the United States.
Source:
1/ As of July, 1974, includes Federal Financing Bank.
Consists
of certificates of indebtedness, Treasury notes beginning
2/
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
1/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962 - April 1967; and
r
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to Government account series
which includes Treasury deposit funds in addition to those accounts
previously shown as’special.issues, formerly included in Other column,
Revised.
- T a b l e FD-4. - M a tu r ity D i s t r i b u t i o n and A verage Len gth o f M a rk e ta b le I n te r e s t -B e a r in g P u b lic D e b t
(In millions of dollars)
Maturity Classes
End of
fiscal year
or month ■
Amount
outstanding
Within
1 year
1 -5
years
1965............... '
1966...............
1967...............
1968...............
1969...............
1970............... •
1971...............
1972................
1973............... ,
1974............ .
1972-Dec............
208,695•
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575
87,637
8^,136
89,648
106,407
103,910
105,530
112,772
121,944
122,803
139,942
56,198
60,933
71,424
64,470
62,770
89,615
89,074
89,004
88,223
77,199
39,169
33,596
24,378
30,754
34,837
15,882
24,503
26,852
31,111
26,957
269,509
130,942
85,-546
1973-Cec............
270,224
141,571
Apr............
May............
June...........
270,131
269,650
273,596
270,452
269,550
266,575
141,590
141,444
145,453
140,905
142,864
139,942
July...........
Aug............
Sept...........
Oct............
Nov............
Dec............
268,782
3-72,111
272,608
273,529
277,538
282,891
142,245
142,900
143,400
144,373
143,381
148,122
81,715
81,716
79,045
79,045
80,570
77,165
77,199
77,200
79,366
79,361
79,369
84,730
85,273
1974-Jan............
Feb............
i
!
i
,
Source:
Office of Debt Analysis in the Office of the Secretary.
' -
;
’
.
-r
5-10
years
10 - 20
years
Average length
20 years
and over
5 yrs. 4 mos.
4 yrs. 11 mos.
4 yrs . 7 mos
4 yrs. 2 mos.
4 yrs . 0 mos .
3 yrs. 8 mos.
3 yrs. 6 mos.
3 yrs. 3 mos.
3 yrs. 2 mos.
3 yrs.
0 mo.
17,241
17,023
16,797
16,553
16,217
11,048
10,670
10,059
6,357
5,074
29,143
8,449
8,439
8,425
8,407
8,374
10,524
8,455
9,343
14,477
17,403
15,301
6,079
3 yrs.
25,134
25,132
26,968
26,965
26,961
26.,960
26,957
15,659
15,596
16*;L29
16,092
16,036
17,458
17,403
6,145
6,098
6,063
6,040
5,981
5,103
5,074
3 yrs.
26,953
28,997
29,044
29,027
27,916
27,899
17,346
14,952
14,924
14,894
14,865
14,832
5,039
5,897
5,879
5,866
6,645
6,765
2 yrs. 11 mos.
3 yrs. 0 mos.
3 yrs. 0 mos.
2 yrs. 11 mos.
3 yrs. o- mo.r
2 yrs. 11 mos.
Revised.
3
3
2
2
3
3
0 mo.
0 mo.
yrs. 0 mo.
yrs. 0 mo.
yrs. 11 mos.
yrs. 11 mos.
yrs. 0 mos.
yrs. 0 mos.
— — ------------- --i
23
January 1975
FEDERAL DEBT
Table FD-5. - G o v e r n m e n t Account Series
(In millions of dollars)
End of
fiscal year
or month
Total
Exchange
Stabilization
Fund
232
560
833
722
Federal
employees '
retirement
funds
Federal Deposit
Insurance
Corporation
312
57
85
174
120
74
156
274
263
436
95,948'
1,242
1,424
2,934
2,364
2,903
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
31,201
26,110
1973-Dec................
107,973r
2,869
28,249
68
1974-Jan................
Feb................
Mar................
Apr................
May................
June...............
106,151
108,629
108,465
108,350
111,286
115,442
28,265
28,224
28,105
28,026
27,949
31,201
136
364
366
362
492
436
July...............
Aug................
Sept...............
Oct................
Nov................
Dec................
115,517
119,648
118,329
116,241
116,893
119,073
2,824
2,855
2,868
2,875
2,793
2,364
2,381
2,396
2,410
2,426
2,438
2,538
31,071
30,984‘
30,849
30,749
30,495
31,250
447
548
489
395
459
457
End of
fiscal year
or month
Federal Savings
and Loan
Insurance
Corporation
Government
life insurance
fund
1965...................
1966...................
1967...................
1968.................. .
1969...................
1970................... '
1971...................
1972...................
1973...................
1974...................
287
223
3
36
73
80
89
139
81
129
933
938
814
876
842
797
758
717
690
651
265
238
722
978
1,513
2,602
3,635
4,456
5,550
7,599
5,909
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
6,605
1972-Dec...... ... ;.....
156
710
4,652
6,339
1973-Dec...............
1974-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug...............
Sept..............
Oct......... ......
110
123
74
80
94
138
129
146
237
244
252
373
392
1965....................
1966....................
1967....................
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974....................
1972-Dec........ '....... .
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
115,442
-
Highway
trust fund
54
National
service life
insurance
fund
671
666
662
656
649
643
651
6,605
6,721
7,133
7,332
7,354
7,588
7,599
6,514
6,511
6,496
6,478
6,469
6,605
644
640
633
628
623
631
7,831
8,126
8,081
8,014
8,141
8,310
6,605
6,597
6,576
6,557
6,549
6,712
6,524
Federal
disability
insurance
trust fund
1,563
1,150
1,376
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,083
7,540
7,480
7,566
7,665
7,670
7,659
7,880
7,811
7,815
7,802
7,658
7,589
7,813
Postal
service fund
_
Federal home
loan banks
100
924
52
152
52
199
44
62
*
24
Federal
hospital
insurance
trust fund
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
7,814
2,799
-
6,379
-
6,604
6,670
7,045
7,372
7,565
7,814
7,828
8,008
8,112
8,280
8,243
9,068
-
_
-
-
Railroad
retirement
• accounts
Unemployment
trust fund
Federal
old-age and
survivors
insurance
trust fund
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
33,640
30,752
32,134
31,501
33,023
32,899
33,172
33,089
33,640
32,993
34,318
34,066
32,892
33,313
33,623
Other
y
385
3,123
3,277
3,339
3,303
3,434
3,751
3,852
3,742
3,766
3,706
5,799
7,075
7,785
8,807
.9,957
10,520
8,514
7,186
8,330
9,495
287
188
802
583
772
497
842
1,133
1,899
3,536
1,842
3,406
7,392
1,727
870
581.
460
435
331
160
385
371
1,313
1,090
1,011
753
812
3,170
9,174
8,648
8,916
8,277
7,853
9,567
9,495
9,226
10,171
9,663
9,035
9,577
8,988
3,6llr
-
963
820
3,059
3,048
2,985
2,773
3,735
3,706
3,503
3,546
3,273
3,084
3,072
3,035
3,029
3,123
3,257
3,344
3,440
3,536
4,660
4,945
5,0a
4,993
5,268
5,443
Certificates Trust; and Washington Metropolitan Area Transit Authority
Source:
Monthly Statement of the Public Debt of the United States.
from November 1972-March 1973; airport and airway trust fund beginning
Note:
Prior to July 1974- title of this table was Special Public Debt Issues.
■July 1973; Treasury deposit furrds beginning with the July 31, 1974,
1/ Consists of Federal Housing Administration fund; Employees life
,Monthly Statement of the Public Debt of the U.S.; Indian tribal
insurance funds: Veterans' special life insurance fund; Veterans' re
funds and individual Indian money for August 1974; and Pension
opened Insurance fund; Federal supplementary medical insurance trust
Benefit Guaranty Corporation beginning November 1974.
fund beginning July 1966; Servicemen's group life insurance fund from
* Less than $500,000.
August 1969 - January 1973; Employees health benefits fund beginning
r Revised.
October 1970; Export-Tmport Bank of the United States from February
1967- October 1968; General Services Administration Participation
24
Treasury bulletin
_________________________________________________ FEDERAL nRBT
T a b l e FD-6. - In te r e s t -B e a r in g S e c u r itie s Issued by G o v e r n m e n t
(In millions of dollars)
Housing and Urban Development Departmen
Defense
Department
End of
fiscal year
or month
Total
amount
Family Housing
outstanding and Homeovmers
1/
assistance
Federal
Housing
Admini
stration
Farm Credit Administratio
2,183
2,112
2,036
1,951
1,863
1,775
1,683
1,588
1,484
1,382
570
441
492
548
577
517
487
454
412
408
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
1,797
3,269
4,079
5,887
1972-Dec..............
11,770.
1,535
456
1973-Nov............ '___
Dec..............
ll,763r
11,586
1974-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June..............
11,598
11,581
11,975
12,012
11,984
12,012
l,447r
1,439
1,428
1,420
1,415
1,407
1,398
1,382
July..............
Aug...............
Sept..............
Oct..............
Nov..............
11,895
11,831
11,664
11,422
11,404
1,386
1,370
1,358
1,343
1,334
i
j
■
2,529
2,893
3,363
3,779
_
_
_
_
-
_
_
_
-
-
2,643
2,643
3,043
3,043
2,897
2,894
2,893
2,893
2,893
2,893
2,893
-
-
9
9
9
10
10
10
10
10
10
10
10
10
10
-
-
i
J
-
.
Memorandum - Interest -bearing
securities of non-Government agencies ij
Other
Banks for
Federal home
cooperatives loan banks
5/
2/
_
2,065
3
250
250
2,405
2,435
3
3
1974-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June..............
250
250
250
250
250
250
2,465
2,457
2,445
2,517
2,646
2,696
3
3
3
3
3
3
2
2
2
2
2
250
250
250
250
250
_
4,335
4,335
4,335
4,335
4,305
4,390
4,390
4,390
4,370
4,370
4,370
250
2,615
2,565
2,405
2,175
2,175
\
Source:
Bureau of Government Financial Operations and Monthly Statement
of Receipts and Outlays of U.S. Government.
1/ Includes unredeemed matured securities outstanding on which interest
z
ceased.
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-4.48).
2/ Effective December 31, 1968, banks for cooperatives and Federal inJuly..............
Aug..............
Sept..............
Oct..............
Nov.... ..........
_
2,818
2,646
403
405
411
414
434
.
_
-
1973-Nov..............
Dec..............
-
_
-
_
_
_
_
-
4,415
4,390
1972-Dec..............
-
_
416
415
410
408
409
412
410
408
250
250
250
-
-
5
2,625
-
1,411
1,529
1,790
1,805
2,338
2,475
-
-
-
-
*
*
3
3
3
3
3
3
•3
3
-
-
4,830
-
225
285
417
525
728
996
1,355
1,855
2,255
2,696
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972.................. .
1973......... ........
_
Tennessee
Valley
Authority
-
-
-
Federal
Home Loan
Bank Board
Federal
Intermedi
ate credit
banks j/
*
-*
-*
6
6
6
6
5
5
10
709
881
1,072
1,230
Other independent
agencies - (Continued)
Postal
Service
Banks for
cooperative£
2/
1,022
1,385
2,164
2,571
2,472
1,893
2,625
1,819
2,221
2,894
...................
End of
fiscal year
or month
Export-Import
Bank of the
United States
Secondary
market
operations
9,335
13,377
18,445
24,399
14,249
- 12,510
12,163
10,894
11,109
12,012
1965..................
1966..................
1967..................
1968__ ■...............
1969..................
1970..................
1971..................
1972..................
1973..................
Other independent agencies
Federal
National
Mortgage
Assoc. 2/
Government
National
Mortgage
Association
A gen cies
Federal
intermediate
credit banks
1/
_
Federal
land
banks
Federal
National
Mortgage
Association
2/6/
District of
Columbia
Stadium
Fund
3,532
4,106
4,612
5,319
5,720
6,192
6,652
7,393
9,058
11,067
_
_
_
_
8,076
13,165
14,996
18,560
21,087
25,232
20
20
20
20
20
20
20
20
20
20
4,757
6,310
4,588
4,702
5,524
9,914
7,923
7,848
12,149
18,622
4,240
4,942
5,705
6,188
6,673
7,995
1,964
8,336
5,873
8,027
17,239
20
2,729
2,695
2,766
2,853
2,902
2,836
2,700
2,475
17,146
17,146
6,956
6,932
10,062
10,062
22,404
23,002
20
20
16,346
15,689
15,689
15,685
16,838
18,622
7,031
7,121
7,263
7,514
7,708
7,995
10,272
10,506
10,506
11,067
11,067
11,067
23,131
23,093
23,517
24,029
24,317
25,232
20
20
20
20
20
20
2,503
2,648
2,861
2,833
3,323
19,480
20,118
22,213
23,647
23,068
8,356
8,518
8,655
8,647
8,609
12,006
12,007
12,007
12,653
12.653
25,878
26,640
27,312
27,543
28.033
-
-
'
20
20
20
20
20
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
4 / For details of securities outstanding, see Table TSC^6.
j?/ includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
* Less than $500,000.
r Revised.
* p Preliminary.
January 1975
25
FEDERAL DEBT,
T a b l e FD -7 . - P a r t i c i p a t i o n C e r t i f i c a t e s
(in millions of dollars - face amounts)
Agriculture
Department
Fiscal year
or month
1973-Nov........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May.........
June........
July........
Aug........
Sept........
Oct........
Nov........
Retire Out
ments
standing
_
-
_
_
_
_
-
-
-
-
-
-
-
-
2,181
-
2,181
-
Farmers Home
Administration 1/
Total
Commodity Credit
Corporation
Sales
1965.............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
Participation certificates issued by GNMA acting as trustee
Export-Import Bank
of the United States
-
-
Sales
Retire Out
Sales
ments
standing
450
255
398
761
1,411 2/ 650 y
570
533
369
321
268
608
42
327
“
_
_
_
_
_
-
•-
-
-
173
2
150
-
1,022
1,385
2,146
2,183
1,814
1,493
1,226
618
576
249
300
1,840
2,900
3,250
1,330
574
401
.
-
Retire Out
Sales
ments
standing
-
“
399
399
399
399
249
249
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
30
25
-
4,415
4,390
-
20
30
-
-
249
249
249
249
249
_
30
180
180
630
1,280
1,315
1,085
440
110
-
-
-
-
-
30
4,390
4,390
4,390
4,370
4,370
4,370
4,340
4,340
4,340
4,340
4,311
Retire
ments
_
_
_
600
525
225
_
-
_
I84
401
80
168
24
_
_
_
_
_
_
_
-
_
-
-
-
-
_
-
Out
standing
_
_
600
1,125
1,166
765
685
517
493
493
493
493
Health, Education,
and Welfare
Department 2/
Sales Retire
ments
Out
standing
_
_
100
100
15
_
_
_
_
“
_
_
_
_
3
3
2
6
2
-
100
200
212
209
207
201
199
199
_
_
_
493
493
493
493
493
493
_
_
_
_
493
493
493
493
493
_
-
_
_
_
199
199
199
199
199
199
199
199
_
_
_
-
_
_
_
_
199
199
199
199
199
-
'
(Memorandum)
Participation certificates issued by GNMA acting as trustee - (Continued)
Housing and Urban Development Department
Fiscal year
or month
Office of Secretary 4/
Sales
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1973-Nov.......
Dec
1974-Jan........
Feb........
Mar........
Apr........
May........
June..........
July........
Aug........
Sept........
Oct.
Nov........
_
680
1,140
640
-
Retire Out
standing
ments
_
-
27
324
963
405
34
_
_
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_
680
1,820
2,433
2,109
1,146
741
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
Small Business
Administration 6/
Government National
Mortgage Association 5/
Sales
200
605
740
465
140
-
_
Retire Out
ments
standing
_
20
50
50
134
190
81
193
95
65
200
785
1,475
1,891
1,897
1,707
1,626
1,433
1,338
1,273
18
15
_
1,301
1,286
-
-
-
-
-
13
-
-
-
-
30
-
19
1,286
1,286
1,286
1,273
1,273
1,273
1,243
1,243
1,243
1,243
1,224
Source: Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education Fund, and Nurse Training Fund, beginning April 1968.
2/ Includes $107 million refunding transaction.
lj Includes College Housing, Elderly Housing, and Public Facility
programs.
5/ Includes Special Assistance, and Management and Liquidating programs.
Sales
-
350
520
430
50
-
_
Retire
ments
Out
standing
_
70
70
203
225
91
206
41
“
_
350
800
1,160
1,007
782
691
485
444
444
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6/
7/
8/
Veterans
Administration 7/
444
444
444
444
444
444
444
444
444
444
444
444
444
Sales
100
885
260
590
260
-
“
-
_
-
Retire
ments
100
975
1,175
1,704
1,885
1,749
1,650
1,543
1,300
1,255
12
10
_
1,272
1,262
-
-
7
_
-
-
-
-
-
Out
standing Sales
_
10
60
60
79
136
99
107
243
45
_
11
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
1,262
1,262
1,262
1,255
1,255
1,255
1,255
1,255
1,255
1,255
1,244
42
436
167
667
-
_
-
_
_
_
_
-
_
-
Retire Out
ments
standing
_
_
99
_
_
-
419
855
1,021
923
1,590
_
-
-
-
-
“
“
_
_
_
_
-
_
_
_
_
_
_
-
-
-
-
_
_
_
-
"
‘
Includes programs for Disaster Loans, and Business Loans and Invest
ments.
Includes Direct Loan and Loan Guaranty programs.
In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
26
Treasury Bulletin
FEDERAL DEBT
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
Debt outstanding sub
ject to limitation
Statutory
debt
limit
Total
Public debt
1/
Interest-bearing debt
subject to limitation
Other debt
1/ 2/
Public debt
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1972-Dec..............
324,000
328,000
336,000
358,000
377,000
377,000
430,000
450,000
465,000
495,000
317,581
320,102
326,471
350,743
356,932
373,425
399,475
428,576
459,089
476,006
313,536
315,831
322,631
3/44,716
352,259
369,463
396,678
425,813
456,697
473,618
4,045
4,272
3,840
6,028
4,672
3,962
2,797
2,764
2,392
2,388
465,000
450,618
447,852
2,766
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
1973-Dec..............
475,700
470,850
468,455
June..............
475,700
475,700
475,700
475,700
475,700
495,000
469,131
471,631
475,446
472,852
475,623
476,006
466,741
473,244
473,057
470,460
473,232
473,618
2,395
2,390
2,388
2,389
2,392
2,390
2,388
467,827
1974-Jan..............
Feb..............
466,273
468,629
472,622
470,087
472,741
473,238
• July..............
Aug..............
Sept..............
Oct..............
Nov..............
Dec..............
495,000
495,000
495,000
495,000
495,000
495,000
475,610
482,059
481,743
480,501
485,661
492,967
473,226
479,674
479,352
'478,107
■ 483,246
490,547
2,383
2,386
2,391
2,394
2,414
2,420
472,833
479,239
478,602
477,673
482,649
490,060
Apr..............
Source:
Monthly Statement of the Public Debt of the United States.
Note:
For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1973. For a summary of legislation on debt limitation under the Second Liberty Bond
Act and the amounts of limitation, see Table 32 of the Statistical
Appendix.
Other debt
Non-interest-bearing debt
subject to limitation
Public debt
1/
Other debt
1/
589
461
512
3,818
3,847
3,137
1,972
1,939
1,567
1,563
423
400
345
315
•530
437
389
453
343
380
1,941
554
3,456
3,811
3,328
2,209
825
825
825
825
825
825
825
1,570
628
825
1,565
1,563
1,564
1,567
1,565
1,563
1,558
1,561
1,566
1,569
1,589
1,595
467
615
434
373
491
380
825
825
825
825
825
825
394
435
747
434
597
488
825
825
825
825
825
825
1/ Adjusted to exclude notes to IMF and other international lending or
ganizations from Public debt and include them in Other debt to conform
with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certifioates,
District of Columbia Stadium Bonds and notes
of international lending organizations.
Footnotes to Table FD-2
Source:
Monthly Statement of the Public Debt of the United States.
Note:
The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstand
ing at the end of each month or year should remain outstanding for
a year at the applicable annual rate of interest. The charge is
computed for each issue by applying the appropriate annual interest
rate to the amount outstanding on that date (the amount actually
borrowed in the case of securities sold at a premium or discount,
beginning with May I960). The aggregate charge for all interestbearing issues constitutes the total computed annual interest charge.
The average annual interest rate is computed by dividing the computed
annual interest charge for the total, or for any group of issues, by
the corresponding principal amount. Beginning with data for December
1/
2/
2/
4/
5/
31, 1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
As of July 1974, includes Federal Financing Bank.
Excludes Federal Financing Bank.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to Government account series
which includes Treasuiy deposit funds in addition to those accounts
previously shown as special issues.
r
Revised.
27
January 1975
FEDERAL DEBT
Table FD-9. - Status and Application o f Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
provides that the face amount of obligations issued under
authority of that Act, and the face amount of obligations
guaranteed as to principal and interest by the United States,
shall not exceed in the aggregate $400 billion outstanding
at any one time. Public Law 93-325 provides that beginning
on June 30, 1974, and ending on March 31, 1975, the public
debt limit shall be temporarily increased by $95 billion.
The Act of June 30, 1967 (Public Law 90-39) provides
that the face amount of beneficial interests and participa
tions issued under section 302(c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717(c)) during
the fiscal year 1968 and outstanding at any time shall be
added to the amount otherwise taken into account in deter
mining whether the requirements of the above provisions are
met.
Part A. - Status Under Limitation D e c e m b e r 31, 1974
___________________(In millions of dollars)________________________
Public debt subject to limit:
Public debt outstanding..............................................................................
Less amounts not subject to limit:
Treasury.........................................................................................
Federal Financing Bank...................... ......................................................
Total public debt subject to limit....................................................................
$4-92,665
616
1,501
490,547
Other debt subject to limit:
Guaranteed debt of Government agencies................................................................. ......... 460 1/
Notes issued to International Monetary Fund (22 U.S.C. 286e).............................................. .......... 825
1,135
Specified participation certificates (12 U.S.C. 1717(c)).................................................
Total other debt subject to limit.....................................................................
2,420
Total debt subject to limit............................................................................
492,967
Statutory debt limit (31 U.S.C. 757b).................................. .................................
495,000
Balance of statutory debt limit.........................................................................
2,033
Part B. - Application of Statutory Lim itation D e c e m b e r 31, 1974
_________________________ (In millions of.dollars)__________________________________________________
Classification
Total
outstanding
Interest-bearing debt:
Marketable:
Bills:
Treasury........................................................................... ............
Federal Financing Bank........................ ...................................................
Notes:
Treasury.......................................................................................
Bonds:
Treasury.......................................................................................
$118,245
1,501
Total marketable..................................................................................
282,891
129,762
33,382
Nonmarketable:
Depositary series.................................................................................
Foreign government series:
Dollar denominated...............................................................................
Foreign currency denominated......................................................................
Government account series..........................................................................
Investment series.................................................................................
R. E.A. series.....................................................................................
State and local government series....................................................................
United States retirement plan bonds............................ .....................................
United States savings bonds.........................................................................
United States savings notes.........................................................................
Total nonmarketable................................................................................
Subtotal Treasury...................................................................................
Subtotal Federal Financing Bank.......................................................................
21,214
1,599
119,073
2,269
10
603
85
63,349
453
.... 208,670
490,060
1,501
Total interest-bearing debt................................................... .......................
491,561
Non-interest-bearing debt:
Matured debt.......................................................................................
Other.............................................................................................
379
724
Total non-interest-bearing debt................................................................... .
Total public debt outstanding...........................................................................
Source: Monthly statement of the Public Debt of the United States.
1/ Includes adjustment of $1 million per rounding.
17
1,104
492,665
Treasury Bulletin
28
. FEDERAL DEBT.
T a b l e FD-10. - T r e a s u r y H o ld in g s o f S e c u r it ie s Issu ed by G o v e r n m e n t
C o r p o r a tio n s and O th er A g e n c ie s
(In millions of dollars)
Housing and Urban
.Development
ExportSecretary: Import
Bank of
Farmers
Rural
Govern
the
Electri Home
United Secretary ment
Adminis
fication
Other
National
States
tration
Adminis programs
Mortgage
6/
1
/
tration
Assn. J5/
2/
Agriculture Department
End of
fiscal year
or month
196 5
196 6
196 7
.
196 8
196 9
197 0
197 1
197 2
197 3
197 4
.
1972-Dec.
1973-Dec.
1974-Jan.
Feb.
Mar.
Apr.
May.
June
July.
Aug..
Sept,
Oct..,
Nov.,
Dec.,
Total
Agency
for
Inter
national
Develop
ment l/
Commodity
Credit
Corpo
ration
34,237
35,434
712
689
662
638
544
512
451
U6
374
327
13,111
11,768
10,097
11,989
12,115
12,262
11,977
11,501
10,864
8,608
32.965
398
10,655
4,075
4,234
4,518
4,770
5,045
5,328
5,7a6
6,051
6,563
6,963
6,252
34,152
34,198
34,202
34,086
33,970
34,534
35,434
35,132
36,299
37,468
36,091.
.37,364
38,553
356
356
356
356
356
356
327
327
327
327
327
327
327
9,724
9,240
9,104
9,009
8,889
8,757
8,608
8,441
8,424
8,128
5,321
5,411
5,481
6.763
6.763
6.763
6.763
6.763
6.763
6.963
6.963
6.963
7.207
7.207
7.207
7.207
28,354
26.964
24,611
27,0^0
28,164
30,651
31,9^4
33,939
1,235
1,436
1.415
1,454
1,583
1,899
1,466
1,329
1,950
2,427
3,133
3,552
3,781
3,053
3,J-?3
25
95
100
100
10
100
15
100
100
100
124
125
125
129
133
133
130
127
123
2,457
2,753
3,133
2,670
1,937
1,570
2,261
3,602
3,914
3,963
4,025
2,462
100
100
100
1,359
1,176
.4,028
3,833
1,001
100
124
1,610
2,072
2,181
2,336
2,083
2,099
2,315
2,457
2,503
2,660
2,851
2,983
3,090
3,213
4,037
4,067
3,364
3,248
1,964
2,068
2,068
100
100
121
1.416
1,391
1,606
1,610
2,545
2,010
2,010
2,160
2,210
2,410
2,545
2.570
2.570
2.570
2.570
2.570
2.570
513
178
Transpor
tation
Vlterans
Dept.
Adminis
Tenn
tration:
essee Saint
Valley Lawrence
Direct
loan
Author Seaway
Develop program
ity
ment
Corp.
362
720
1,586
783
1,743
1,888
Source:
Bureau of Government Financial Operations.
Note:
These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1973 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 310-16, and the 1973 Combined Statement of
Receipts, Expenditures and Balances of the United States Government,
pages 549-551.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude
notes previously issued by the Administrator in connection with
informational media guaranties. The obligation for these notes was
assumed by the Director of the United States Information Agency,
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and
the notes together with others issued for the same purpose are
included in "Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2 / Includes securities transferred from the Reconstruction Finance
Corporation.
£/ Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; public
facility loans; Low Rent Public Housing Fund; and advances for
National Flood Insurance Fund.
5/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C,
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
4,081
3,211
4,115k
4,025'
4.025
4.025
4.093
4.213
4.213
4,063
4.093
4.093
P.P75
3,068
3,129
3,133
3,321
3,465
3,654
3,946
4,192
4,476
10
10
223
665
1,641
2,242
2,242
2,462
100
100
125
2,462
100
100
2,590
2.689
2.689
2.814
2.814
3,082
100
125
125
125
125
125
121
121
121
121
121
121
121
121
121
121
,121
120
120
Under
Defense
produc
tion
Act
»of 1950
Other
8/
1/
1.730
'1,730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
2,056
2,023
1,850
1,854
2,032
1,996
2,010
2,010
2.014
2.015
148
183
250
294
315
946
2,014
296
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
2.015
2.015
2.015
2.015
2.015
.2,015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
295
300
307
316
327
350
946
357
996
1,838
2,869
3,669
4,113
51
72
90
118
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968 - December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis-tration, for defense materials procurement; the Secretary of
Agriculture; the Secretary of Interior (Defense Minerals of Explo
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing
Fund (N0AA), beginning December 1972; Virgin Islands Corporation
from September 1959 - September 1968; District of Columbia
Commissioners for the Stadium Sinking Fund beginning December 1971;
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964; Bureau of Com- '
mercial Fisheries for Federal Ship Mortgage Insurance Fund, Fishing
Vessels from January 1966 - May 1967;’and revenue bonds for
Smithsonian Institution (John F. Kennedy Center Parking Facilities)
beginning July 1968; Secretary of Transportation (Washington Metro
politan Area Transit Authority) beginning December 1972; Health,
Education, and Welfare, Office of Education (Student Loan Insurance
Fund) from May 1973 - August 1973; Rural Telephone Bank beginning
January 1974; Federal Financing Bank beginning May 1974; Federal
Home Loan Bank Board beginning August 1974; Pension Benefit Guaran
ty Corp. beginning September 1974.
January 1975
29
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule o f Interest-Bearing Public Marketable Securities
O t h e r t h a n R e g u l a r Weekly and 52-Week Teasury Bills
Outstanding December 31, 1974
(In millions of dollars)
Amount of maturities
Year
and
month
of fin a l
maturity
Held by 2 / Description
Total
i/
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Amount of maturities
Year
and
month
of fin a l
maturity
1/
Held by
Description
Total
-
U.S. Govt,
accounts and All
other
Federal Re
investors
serve banks
1979
1975
Feb.,
Mar.,
Apr.,
5-3/4 %
5-7/8$
Note Note -
8.094$
1-1/2$
7.426$
B ill - FFB
May.
5-7/8$
June
Aug.,
Sept,
Oct.,
Nov.,
Dec.,
7.520$
7.933$
9.767$
5-7/8$
8-3/8$
1-1/2$
2A5/75-A
2A5/75-E
1,222
1,555
128
3/31/75
1,501
274
6-1/4$
5-7/8$
Mar.
Apr.
May.,
June,
Aug.,
1-1/2$
6-1/2%
5-3/4$
8-3/4$
7-1/2$
6-1/2%
2,460
1,094
1,227
4/1/75-EA
Note
4A6/75
B ill (Tax series)
8
2,251
5A5/75-B
5A5/75-F
6,760
1,776
4,550
130
1,646
1,256
27
1,229
1,501
2,003
7,679
2,042
30
3,115
1,731
36,890
n.a.
n.a.
2,801
56
n.a.
n.a,
4,878
1,986
30
753
237
10,512
2,362
2A 5/76-A
2A5/76-F
3,739
4,945
2,858
1,394
881
3,551
3/31/76-H
1,532
61
1,471
4/1/76-EA
5A 5/76-B
5A5/76-E
27
Note Note -
B ill 6A7/75
(Tax series)
B ill 6A9/75
B ill 6/30/75
Note 8A5/75-C
Note 9/30/75-G
Note 10/1/75-E0
11A 5/75-D
Note Note 12/31/75-H
Total.
1976
Feb.
4,015
Note Note Note Note Note Note -
2,697
2,802
8
2,250
1,494
27
1,875
2,218
Note -
6/30/76-1
8/15/76-C
8/15/76- G
2,704
4,194
3,883
693
1,668
1,873
2,011
Note Note -
369
1,652
2,010
8-1/4$
1-1/2%
Note -
9/30/76-J
2,021
Note -
-
11
6-1/4$
Note Note -
10/1/76-E0
11A 5/76-D
12/31/76-K
11
Nov. ,
Dec.,
4,325
315
4,010
7-1/4$
1977
Feb.
Apr.
May.
Aug.
Oct.
Nov.
1-1/2%
7-3/4$
1-1/2$
7-3/4$
Total .
1978
Feb..... 6-1/4%
Apr..... 1-1/2%
2,263
35,143
2,179
24,422
3,071
2,092
520
2,960
1,642
5
2,045
2,374
3,276
21,632
1,167
9,360
17
2,463
12,272
8,389
3,382
5,007
Note ■
Note ■
2A5/77-A
4A/77-EA
Note •
Note •
5/15/77-C
5/15/77-D
8/15/77-B
5
2,565
5,334
4,918
Note ■
Note ■
10A/77-E0
11/15/77-E
17
3,630
Note -
84
10,721
5,163
Note -
2A5/78-A
4A/78-EA
Note -
8A 5/78-C
15
2,462
656
15
1,806
Note -
10A/78-E0
11/15/78-B
3
8,207
3,598
4,609
Aug..... 8-3/4%
Oct..... 1-1/2%
Nov..... 6%
Note -
19,076
3
7,636
Note
Note
Note
Note Note ■
Note
4/1/79-EA
5/15/79-D
8/15/79^-A
10/1/79-E0
11/15/79-B
l l / 15 / 79 -C
1980
Feb.
May.
Aug.
Nov.
1981
Feb.
Aug.
Nov.
[82
Feb.
1983
June
1984
Aug.
2
1,016
4,559
1
1,604
2,241
9,423
1,122
399
2
923
2,784
1
482
1,842
3,389
6,034
1,708
1,738
93
1,775
4$
6-7/8$
Bond ■
Note
2A5/80
2,570
862
5A5/80-A
5,527
9$
Note ■
8A5/80-B
7,265
4,292
3-1/2$ Bond
Total......
7$
Note
7$
Bond ■
7-3/4$ Note ■
Total......
2,543
749
9,681
1,749
1,894
16,021
2/15/81-A
8/L5/81
11/15/81-B
1,842
807
2,715
5,364
486
407
1,105
1,998
1,356
400
1,610
3,366
11A5/80
1,145
6,340
6-3/8$
Bond ■
2A5/82
2,702
1,048
1,654
3-1/4$
Bond •
6A5/78-83
1,459
282
1,177
6-3/8$
Bond •
8A5/84
2,353
1,376
977
3-1/4$ Bond •
4-1/4$ Bond •
Total......
5A5/85
5/15/75-85
915
1,197
332
400
2,526
Sept,
Oct..
Total..
1-1/2$
7-7/8$
6-1/4$
1-1/2$
6-5/8$
7$
Total
2,210
-
822
584
Apr.
May.
Aug.
Oct.
Nov.
11,440
Source: Monthly Statement of the Public Debt of the United States and
Office of Debt Analysis in the Office of the Secretary.
1/ For issue date of each security, see "Market Quotations on Treasury
Securities."
1222
May.
2,112
732
583
797
1,380
6-1/8%
Bond ■
11A 5/86
1,216
884
332
1990
Feb.
3-1/2$
Bond •
2A 5/90
3,750
1,130
2,620
1992
Aug.
4-1/4$
Bond
8A 5/87-92
3,605
1,431
2,174
4$
6-3/4$
Bond
Bond
2A5/88-93
2A5/93
224
627
94
163
130
7-1/2%
Bond
8A5/88-93
1,914
1,139
775
2,765
1,396
1,369
1986
Nov.
1993
Feb.
Aug.
1994
May
.2321
Feb
1998
May
Nov
2
May
2/
n.a.
464
4-1/8%
Bond ■
5A5/89-94
1,384
550
834
3$
Bond ■
2A5/95
757
137
620
7$
Bond •
3-1/2$ Bond ■
Total......
5A 5/9 3-98
11A5/98
692
2,901
268
875
424
2,026
3,593
1,143
2,450
2,415
1,210
1,205
8-1/2%
Bond ■
5A 5/94-99
Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept,
Not available.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
T a b le P D O -2 . - O ffe r in g s o f B ills
(Amount in millions of dollars)
Description on new issue
Amount of bids accepted
Issue date
Maturity
date
Number of
days to
maturity 1/
Amount of
bids
tendered
91
182
91
182
3.746.0
3.853.3
3.961.6
4.073.1
4.607.0
3.071.6
91
182
4.037.7
3.241.1
91
182
Total
amount
On competi
tive basis
2/
On noncom
petitive
basis
Amount
maturing on
issue date
of new
offering
Total,
unmatured
issues out
standing after
new issues
Treasury bills:
Regular weekly:
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1974-Sept.
Nov.
Tax series:
1974-Dec.
91
182
2.283.4
1.654.2
2.502.9
1.801.9
2,500.2
1.800.3
1 ,926.1
2.605.3
1,894.0
2 002.8
2 234.6
1.583.4
2 338.2
1.678.4
2.703.3
2.003.5
2.388.4
1.779.1
2.023.9
1,366.1
1.481.5
2.053.2
1.522.5
.
.
522.3
351.1
587.2
439.9
576.8
320.4
447.0
277.8
2,602.1
1.804.9
2.603.1
1.801.9
34,691. 2
49,874. 6 y
34,699. 2
49,878. 6 y
2.600.9
1.901.2 y
2.600.4
1,901.2 y
370.6
310.5
2,602.6
1.909.6 y
2,602.3
1,902.0 y
34,601. 3
49,779. 3
34,501. 1
49,678. i
34,503. 7
49.662. 7
34,603. 8
49,763. 5
Jan.
Apr.
9
10
91
182
Jan.
Apr.
16
17
91
182
Jan.
Apr.
23
24
91
182
4.747.2
3,248.7r
2.702.6
2.002.5
2.277.1
1.718.6
Jan.
May
30
1
91
182
3.369.5
3,458.7r
2,705.2
1,998.lr
2.362.3
1 830.2
342.9
167.9r
Feb.
May
6
8
91
182
3,411.9r
3,306.3r
2,704.Or
2,099.7r
2.282.3
1.883.9
421.7r
215.8r
Feb. 13
May
15
91
182
4.496.9
3.856.3
2.801.9
2.103.9
472.4
278.0
Feb.
May
20
22
91
182
3.877.3
3.689.5
2.799.9
Feb. 27
May
29
90
181
4 110.0
2,801.8
2,101.5
2.329.6
1.825.9
2.271.7
1.844.9
2.307.8
1.853.4
Mar.
June
91
182
Mar. 13
June 12
Mar.
June
Mar.
June
20
19
27
26
1975-Apr.
16
June
17
.
.
3.341.6
.
2,702.3r
.
2 104.6
.
364.lr
324.4
314.9
224.4
425.5
283.9
528.2
259.6
494.0
248.1
2,601.8
1.904.2 y
2.601.9
1.901.6 y
2.601.3
1.902.3 y
2.655.5
1.901.4 y
2.804.5
1.902.3
2,807.7
1.900.9
.
2 .8 0 3 .4
1 902.6
1.4
466.6
341.9
2,805.7
1.903.9
91
182
2,801.9
2,234.9
1.817.0
566.9
285.2
2,611.1
2,102.3
91
182
4.899.4
3,470.8
2.060.0
1,804.1
542.2
196.9
91
182
3,915.7
3.397.5
2,602.2
2,000.9
2,600.8
2.003.4
2,221.3
1,854.5
379.5
148.9
2.502.9
2,101.5
2,500.2
2.100.9
134
194
4,904.3
2,250.6
1,255.8
2,227.9
1,225.5
22.7
2,250.6
2 , 481.0
30.3
3,506.4
3.588.2
1,802.5
1.800.5
23,416.9
57.8
1 ,804.0
23.415.3
3.103.3
3.358.8
1.802.4
1,802.1
1,801.1
1.769.5
1.744.6
33.0
3,221.9
1.756.6
45.5
1,801.1
1.764.5
36.6
1.790.3
1,801.8
23.416.3
23.427.1
51.863.3
34.944.3
52.063.4 y
35,135.0
52.062.8 6/
35,234.3
51,962.2 6/
35.334.9
51,864.8 6/
52-week:
1973-Dec.
18...........
1974-Dec. 17
15...........
1975-Jan.
Feb.
14
11
364
364
364
12...........
Mar.
11
364
Apr.
9...........
7...........
May
June
.
Apr.
364
3 201.8
1.801.4
1.749.5
51.8
May
June
364
1.802.3
1,801.8
1.728.5
73.8
364
2.984.4
2.530.7
1,735.9
65.8
July
364
2.653.8
1,801.8
93.3
77.7
1.800.4
1,800.8
July
4...........
2...........
30...........
July
29
364
2.571.3
1.805.8
1.708.5
1.728.1
Aug.
27...........
Aug.
26
364
2.934.3
1.802.7
1,704.8
97.8
1.804.4
1 804.8
Sept.
24...........
Sept. 23
364
2 889.8
1 ,803.0
1 ,682.0
121.0
1,802.2
.
.
1,802.0
,
23 ,426.6
23.428.5
23.429.4
23.429.2
23.430.6
23.428.4
23.429.2
Oct.
21
364
3,580.1
23.630.3
Nov.
18
364
3,801.9
1.911.1
1.937.2
1,801.8
19...........
2.002.9
2 001.8
91.8
Nov.
64.6
1.800.6
23.831.4
Dec.
17...........
Dec.
16
364
3,749.0
2.001.4
1.949.5
51.9
1.802.5
24,030.3
299
227
4,934.1
3,859.8
2 ,003.0
1,852.7
150.2
1,500.8
1,452.0
244
4,321.3
1,501.4
1 362.8
Oct.
Special:
1974-Sept.
Nov.
1975-June 30
4...........
June 19
48.9r
2 ,003.0
3,503.8
Federal Financing Bank bills:
1Q7A-Jti1v
_30,
Footnotes at end of table.
1975-Mar.
31
,
138.5
y
34,948. Or
50.663. Or
34,946, 4r
50,861, 9r
2.337.0
1.762.1
1974-Jan.
Feb.
Mar.
y
34,955..8r
50,459 •3r
1 , 000.0
2 , 1 02.2
y
34,958.,4r
50,257..8r y
1.001.4
2 ,80 3.6
2 ,104.0
.
'
y
34,705. 3
49,862..7 y
34,806.,0
49,963..7 y
34,909.,8r
50,059..4r ij
1.671.4
3.392.5
3,819.1
5.474.6
3 813.6
4 5/........
3...........
2.805.7
2.005.4
2,611.1
1.805.9
3.523.3
2.761.9
3,132.4r
3 301.1
4 ,168.6r
2.958.0
Jan.
Apr.
Oct.
Dec.
5
6
12
13
19
20
26
27
1,501.4
31
January 197 5
PUBLIC DEBT OPERATIONS_________
T a b l e P D O - 2 . - O f f e r i n g s o f B i l l s —C o n t i n u e d
On total bids accepted
Issue date
Average price
per hundred
On competitive bids accepted
High
Equivalent average
rate 7/
Price per hundred
Treasury bills:
Regular weekly:
(13-week and 26-week)
1974-Sept.
97.686
95.452
9.154
8.996
8.185
8.203
8.142
8.179
97.923
95.815
8.217
8.278
7.003
7.928
98.248 12/
96.036 12/
98.205
95.983
6.385
7.441
6.697
7.364
98.458
96.451 U /
6.931
7.841
6.100
7.020
98.395
96.309 15/
98.061 16/
96.109 17/
6.349
7.301
7.481
7.321
7.892
7,766
98.109 18/
96.299 12/
98.042 20/
96.100
98.230
96.243
98.032
96.014
98.095
96.237
97.984
96.048
7.880
7.856
98.049 21/
96.092
7.101
7.946
6.650
7.625
7.002
7.431
7.785
7.884
7.536
7.443
7.975
7.817
7.952
7.890
7.604
7.552
98.089 22/
96.192 22/
| 98.097
\ 96.245
| 98.168
96.295
7.535
7.428
98.129 24/
96.258 25/
7.560
7.532
7.402
7.402
7.328
7.369
98.185
96.320
97.931
95.853
98.230
95.992
98.386
96.239
17..............
f
(
r
(
98.307
96.277
98.048
96.042
24..............
( 98.098
( 96.260
7.525
7.398
31..............
r
\
f
\
f
\
^8.005
96.074
98.008
96.028
98.078
96.182
10..............
14..............
21..............
29..............
Dec
9.253
9.320
f
(
f
(
f
(
3..............
(Percent)
97.661
95.288
9.165
9.282
9.098
8.980
26..............
(Percent)
Equivalent rate 7/
9.000
9.224
9.020
8.972
97.683
95.307
97.700
95.460
19..............
Price per hundred
97.725 &/
95.337 2/
97.720 10/
95.464
97.942
95.865 11/
|
(
f
(
5..............
12..............
Oct
(Percent)
Low
Equivalent rate 2/
7.723
7.829
7.671
7.696
7.746
7.714
7.718
7.730
98.319
96.145
97.990
96.011
7.623
7.570
7.260
7.319
98.073
96.173
98.086
96.234
98.158
96.281
7.572
7.449
7.368
7.397
99.540
7.520
99.560
7.200
99.511
8.002
5..............
C 98.098
( 96.176
7.524
7.564
98.142 26/
96.214
7.350
7.489
98.041
QA
1A£
yO.loo
7.750
/•20U
12..............
J 98.187
{ 96.506
7.173
6.911
98.205
96.527 27/
7.101
o.oru
98.177
qa
yO.2UU
7.212
/
[
f
(
98.216
96.533
98.240
96.445
7.057
6.858
98.231
96.590-
6.998
A *(
7.
O.
h/rc
J:
98.213
7O, 9J..L
7.069
6 901
6.962
7.032
98.256
96.486
6.899
0 .yyL
98.235
QA y9^
6.982
7 071
3.............
5.............
97.236
7.426
97.267
7.342
97.225
7.455
95.947
7.520
96.000
7.423
95.916
7.579
18..............
6.880
93.046
6.878
93.013
6.910
15..............
12..............
93.043
92.975
93.588
6.948
6.342
93.038
93.638
6.885
6.292
92.905
93.536
6.897
7.887
93.079
6.845
7.830
8.290
8.180
92.973
91.963
91.418
91.577
8.129
7.707
91.587
92.012
9.330
8.250
90.162
7.604
92.235
8.437
7.680
4 5/. ..............
19..............
26..............
Tax series:
1974-Dec.
52-week:
1973-Dec.
1974-Jan.
Feb
12...............
93.026
Apr.
May
9..............
7..............
92.026
June
July
4..............
2..............
30..............
Aug.
27........... .
Sept.
Oct.
Nov.
Mar
91.485
91.660
91.652
8.422
92.083 28/
91.618 22/
7.017
6.393
6.950
7.949
8.488
‘8.330
8.321
91.729 20/
91.781 ^1/
92.077
8.249
8.256
7.836
90.330
9.564
90.566 22/
24..............
91.566
22..............
92.286
91.658 12/
92.312 24/
19...............
92.556
8.341
7.629
7.362
92.600 2£/
7.319
92.529
7.389
93.301
6.625
93.379 26/
6.548
93.248
6.678
4...............
91.888
9.767
Nov.
4*.... ....... .
Federal Financing Bank bills:
1974-July
30...............
7.896
91.839
94.987
9.826
7.933
91.944 H J
95.021 W
9.700
94.998
94.545
8.049
94.676 22/
7.855
94.480
8.144
Dec
Special:
1974-Sept
17..............
Footnotes on following page.
92.207
91.469
7.900
9.730
7.950
32
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
F o o t n o t e s to T a b l e P D O -2
Source:
Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an orig
inal maturity of 26-weeks.
2/ For bills issued on and after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
Banks.
2/ For 13-week, 26-week tenders for $200,000 or less from any one bidder
are accepted in full at average prices of accepted competitive bids;
for other issues, the corresponding amount is stipulated in each off
ering announcement.
4/ Includes strip bills issued June 5, 1974.
5/ Additional amounts ($200,275,000) of five series of outstanding weekly
bills issued in strip form for cash on December 4, 1974. These bills
mature at intervals of one week beginning December 12, 1974 and ending
January 9, 1975 for each series respectively.
6/ Includes strip bills issued December 4, 1974.
7/ Bank discount basis.
~8/ Except $385,000 at 97.962, $2,540,000 at 97.750 and $150,000 at 97.737.
9/ Except $100,000 at 95.467, $1,240,000 at 95.375 and $300,000 at 95.349.
10/ Except $50,000 at 97.741.
11/ Except $2,425,000 at 95.905.
12/ Except $5,000,000 at 98.268.
12/ Except $2,330,000 at 96.057.
2A/ Except $1,475,000 at 96.795.
15/ Except $385,000 at 96.748 .
17/
18/
19/
20/
21/
22/
22/
2Jj
25/
26/
27/
28/
29/
20/
21/
22/
22/
2^/
35/
2^/
27/
28/
29/
r
98.068.
Except $10,000 at 96.208 and $295,000 at 96.134.
Except $10,000 at 98.155.
Except $200,000 at 96.308.
Except $5,000,000 at 98.065 and $35,000 at 98.050.
Except $920,000 at 98.058.
Except $5,200,000 at 98.126.
Except $20,000 at 96.208.
Except $225,000 at 98.153.
Except $10,000 at 96.347.
Except $120,000 at 98.152 and $30,000 at 98.155.
Except $460,000 at 96.540.
Except $200,000 at 92.098 and $100,000 at 92.093.
Except $20,000 at 92.000.
Except $35,000 at 91.911 and $1,115,000 at 91.979.
Except $10,000 at 91.911 and $650,000 at 91.801.
Except $10,000 at 90.930 and $50,000 at 90.752.
Except $20,000 at 94.513, $480,000 at 91.710, $2,440,000 at 91.709
and $1,000,000 at 91.678.
Except $10,000 at 97.972, $10,000 at 95.825, $10,000 at 92.500 and
$200,000 at 92.350.
Except $95,000 at 92.624.
Except $10,000 at 93.650 and $1,905,000 at 93.428
Except $20,000 at 92.525.
Except $10,000 at 95.426 and $10,000 at 95.113.
Except $10,000 at 95.000.
Revised.
January 1975
33
PUBLIC DEBT OPERATIONS
T a b l e P D O -3 . - N ew M o n e y F i n a n c i n g t h r o u g h R e g u l a r W e e k l y T r e a s u r y B i l l s i /
(Dollar amounts in millions)
Description of issue
Issue
date
1972-July
L973-Jan.
New money
increase, or
decrease (-)
91
182
3,524
3,040
2,301
1,801
4.103
4.605
201
20.
1972-Oct.
1973-Jan.
19
18
91
182
3,845
3,050
2,301
1,800
3.949
4.455
199
27.
1972-Oct.
1973-Jan.
26
25
91
182
3,723
3,707
2,301
1,800
4.046
4.585
198
3.
1972-Nov.
1973-Feb.
2
r
91
182
3,618
3,160
2,301 ‘
1,800
3.796
4.298
200
1972-Nov.
1973-Feb.
1972-Dec.
1973-Mar.
9
8
7
8
91
182
91
182
3,742
3,071
3,658
3,683
2,299
1,801
2,423
1,801
3.928
4.431
4.567
4.937
Feb.
May
1
3
91
182
4,036
3,864
2,401
1,901
4.766
5.141
200
Feb.
May
8
10
91
182
3,886
3,876
2,401
1,901
4.670
4.958
203
16.
Feb.
May
15
17
91
182
3,926
3,907
2,402
1,901
4.774
5.070
202
24.
Feb.
May
22
24
90
181
3,671
3,807
2,401
1,900
4.775
5.050
199
30.
Mar.
May
1
31
91
182
4,261 ‘
3,510
2,400
1,902
4.885
5.179
199
14.
Mar.
June
91
182
4,470
3,252
2,402
1,902
5.100
5.309
200
21'.
Mar.
June
15
14
22
21
91
182
2,405
1,906
5.089
5.298
208
28.
Mar.
June
29
28
91
182
3,701
3,624
3,702
3,546
2,404
1,903
5.111
5.312
208
4.
Apr.
July
91
182
5.164
5.397
204
Apr.
July
3,639
3,249
3,752
3,582
•2,402
1,901
11.
5
5
12
12
2,403
1,902
Apr.
July
Apr.
July
19
19
26
26
91
182
2,401
1,902
91
182
3,512
3,675
3,962
3,953
5.154
5.413
5.277
5*541
5.63A
5.759
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
16
15
91
182
3,789
3,552
23
23
30
29
91
183
91
182
13
13
20
20
91
182
21.
1973-Sept.
Dec.
Sept.
Dec.
91
182
28.
Sept.
Dec.
27
27
91
182
3,454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
4
3
11
10
91
182
3,349
3,545
91
182
7.
17.
24.
31.
14.
1974-May
Average rate
of bids
accepted 2/
(Percent)
12
11
25.
July
Amount
of bids
accepted
Oct.
1973-Jan.
18.
May
Amount
of bids
tendered
13.
10.
Sept.
Number of
days to
maturity
Maturity
date
5.
Oct.
1974-Jan.
12.
1973-Oct.
1974-Jan.
91
182
2,400
1,901
2,501
1,693
2,501
1,701
2,502
1,702
2,502
1,701
2,501
1,701
199
122
201
223
200
6.180
6.457
$-111
6.453
6.747
-99
6.693
6.864
7.127
7.172
7.265
7.255
-100
-99
-104
2,500
1,701
7.229
7.299
7.986
8.010
-101
3,975
3,215
2,500
1,702
7.991
8.018
-100
7.968
8.023
-103
2,503
1,701
-101
19.
1973-Oct.
1974-Jan.
18
17
91
182
4,274
3,430
2,501
1,701
26.
1973-Oct.
1974-Jan.
91
182
3,887
3,561
2,501
1,702
8.113
8.272
-96
2..
1973-Nov.
1974-Jan.
25
24
1
31
91
182
3,796
3,386
2,501
1,701
8.319
8.476
-100
15..
Feb.
May
14
16
91
182
4,047
4,341
2,503
1,801
8.635
8.381
110
16..
Aug.
Nov.
15
14
91
182
3,670
3,227
2,601
1,902
8.023
8.031
200
23..
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
202
30..
Aug.
Nov.
29
29
91
183
3,723
3,474
2,604
1,903
7.984
8.205
206
Footnotes at end of table.
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 2/ -Continued
(Dollar amounts in millions)
otion of issue
Issue
date
1974-June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Number of
days to
maturity
Maturity
date
6•
Sept.
Dec.
13.
Sept.
Dec.
20.
Sept.
Dec.
27.
Sept.
Dec.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
91
182
3,578
3,383
2,602
1,904
8.299
8.426
91
182
3,693
3,792
19
19
26
26
91
182
5,054
4,261
91
182
3,925
3,017
2,603
1,903
2,601 3/
1,901
2,600 3/
1,901
8.260
8.324
8.178
8.175
7.841
8.003
5
5
12
12
New money
increase, or
decrease (-)
5.
Oct.
1975-Jan.
3
2
91
182
4,117
3,171
2,603 2/
1,905
7.808
8.055
11.
1974-Oct.
1975-Jan.
10
9
91
182
4,014
3,430
2,602 2/
1,904
7.892
8.481
18.
1974-Oct.
1975-Jan.
17
16
"91
182
4,207
3,268
2,602 2/
1,901
7.702
7.876
25.
1974-Oct.
1975-Jan.
24
23
91
182
4,466
3,719
2,602 2/
1,901
1.
1974-Oct.
1975-Jan.
31
30
91
182
2,601 2/
1,902
8.
1974-Nov.
1975-Feb.
7
6
91
182
3,955
2,885
3,618
4,601
2 655 2/
2,007
7.603
7.700
7.698
8.054
8.519
8.660
359
15
1974-Nov.
1975-Feb.
91
182
4,264
3,651
2,805 2/
2,004
8.762
8.719
408
22
1974-Nov.
1975-Feb.
14
13
21
20
91
182
3,981
2,986
2,808 .2/
2,002
8.845
8.899
408
.29.
1974-Nov.
1975-Feb.
29
27
92
182
3,721
3,482
9.907
9.930
401
5,
1974-Dec.
1975-Mar.
5
6
91
182
3,746
3,853
2,803
2,004
2,806
2,005
9.165
9.282
404
19,
1974-Dec.
1975-Mar.
19
20
91
182
4,607
3,072
2,503
1,802
8.185
8.203
-197
26,
1974-Dec.
1975-Mar.
26
27
91
182
4,038
3,241
2,500
1,800
7.003
7.928
-201
9
10
16
17
91
182
3,132
3,301
2,702
2,003
91
182
4,169
2,958
2,703
2,003
6.697
7.364
7.723
7.829
201
17.
1975-Jan.
Apr.
Jan.
Apr.
24.
Jan.
Apr.
91
182
4,747
3,249
2,703
2,003r ■
7.525
7.398
202
31.
Jan.
May
23
24
30
1
91
182
3,369
3,459r
2,705
1,998
7.892
7.766
200r
7,
Feb.
May
6
8
91
182
3,412
3,306
2,704
2,100r
7.880
7*856
247r
14.
Feb.
May
91
182
4,497
3,856
199
Feb.
May
91
182
3,877
3,689
Feb.
May
27
29
90
181
4,110
3,342
7.535
7.428
7.328
7.369
196
29,
2,802
2,104
2,800
2,105
2,802
2,101
7.604
7*552
21,
13
15
20
22
5
Mar.
June
6
5
91
182
3,392
3,819
7.524
7.564
198
12
Mar.
June
13
12
91
182
5,475
3,814
2,804
2,104
2,802
2,102
7.173
6.911
190
10.
See Table PD0-2.
Source:
1/ Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on December 2, 1970 ($2,105 million),
April 6, 1971 ($2,206 million) and June 5, 1974 ($801 million).
Equivalent
average rate on bank discount basis.
2/
I f On June 11, 1974, the Treasury announced that the amount of bills
201
197
offered would be $2Q0 million more than the amount maturing,
It stated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
Revised.
January 1975
35
PUBLIC DEBT OPERATIONSTable PDO-4. - Offerings of Public Marketable Securities Other than
R egular Weekly Treasury B ills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
f 4/30/72
< 7/31/72
4 .731%
4.918%
Bill
Bill
56-1/4%
6-3/8%
5.040%
5.1
Note
Note
Bond
8/24/72
f8/15/72
( 8/15/72
U/15/72
T 5/31/72
\ 8/31/72
9/26/72
/ 6/30/72
\ 9/30/72
Bill
Bill
1/
10/11/72
5.346%
5.529%
1-1/2%
10/19/72
7/25/72
S/2/12
10/1/72
Bill
Bill
Note
Note
2/15/76-F
8/15/79-A
8/15/84
6/
6/
5/31/73 • Reopening
8/28/73
6/30/73 ■ Reopening
9/25/73
10/1/77-E0
6-1/4%
4.721%
5.225%
5.089%
5-7/8%
12/31/72
1/10/73
1/31/73
2/15/73
2/15/73
2/28/73
5.337%
6-3/4%
5.986%
6-1/2%
6-5/8%
6.050%
Bill
Bond
Bill
Note
Note
Bill
12/18/73
2/15/93
1/15/74
8/15/76-G
ll/15/79-B
2/12/74
3/27/73
1/
4/24/73
3/31/73
4/1/73
4/30/73
6.615%
1-1/2%
6.598%
Bill
Note
Bill
5/1/73
5/2/73
5/24/73
6/26/73
7/24/73
7/31/73
8/1/73
8/8/73
8/22/73
8/24/73
9/19/73
2/
10/3/73
10/17/73
10/25/73
10/30/73
5/15/73
5/15/73
5/31/73
6/30/73
7/31/73
8/15/73
8/15/73
8/15/73
8/28/73
9/4/73
9/25/73
10/1/73
10/9/73
10/23773'
11/1/73
11/15/73
3/12/74
4/1/78-EA
4/9/74
5/15/80-A
5/15/93-98
5/7/74
6/4/74
7/2/74
8/15/77-B
8/15/88-93
9/19/73
8/27/74
9/30/75-G
9/24/74
10/1/78-E0
7/30/74
10/22/74
4/19/74
11/15/79-C
11/1/72
11/17/72
11/22/72
11/29/72
12/20/72
12/26/72
1/4/73
1/26/73
2/7/73
2/7/73
2/22/73
10/31/73
6.818%
7.235%
8.393%
7-3/4%
7-1/2%
8.057%
1-1/2%
7.702%
T.132%
6.765%
11/28/73
Note
Bond
fll/15/73
^11/15/73
7-1%
11/20/73
r 11/1/73
7.708%
7.830%
Bill
Bill
I:11/30/73
7.790%
6.880%
6.948%
7%
6.342%
6-7/8%
7-1/2%
7.450%
Bill
Bill
Bill
Note
Bill
Note
Bond
Bill
Bill
11/9/73
11/14/73
Note
Bond
Bill
Bill
Bill
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
Bill
Bill
Note
12/12/73.
1/9/74
2/5/74
2/6/74
2/6/74
2/7/74
2/26/74
12/18/73
1/15/74
2/15/74
2/12/74
2/15/74
2/28/74
3/4/74
3/6/74
3/26/74
3/12/74
3/29/74
Bill
Bill
3/28/74
7/
4/3/74
5/2/74
5/7/74
4/9/74
4/1/74
4/9/74
5/7/74
5/15/74
Note
Note
Bill
Bill
Note
5/8/74
5/15/74
5/29/74
5/30/74
6/4/74
6/5/74
1-1*
7.886%
8.421%
8-3/4%
f”3-3/4%
18-1/2%
8.248%
Note
Bond
Bill
Bill
3y
7y
12y
9/30/74-E
7/31/73 Reopening
10/23/73
ll/15/76-D - Reopening
4/20/73 - Tax ant. 5/
11/20/73
6/22/73 - Tax ant. 5/
12/31/74-F
5.223%
5.318%
273d
365d
4/30/73 - Reopening
7/31/73
Bill
Bill
Note
Bill
Bill
Bill
Note
r 7/31/72
uo/31/72
11/15/72
11/24/72
11/30/72
12/5/72
12/28/72
10/24/72
Period to final
maturity
(years, months,
days) 2/
Exchange
41
273d
362d
271d
360d
5y
iy ll-l/2m
273d
357d
4y
147d
355d
199d
2y
20y
lm
3y
6y
6m
9m
349d
349d
346d
Amount issued j/
For
cash
In exchange
u
Allot
ment
ratio
500
1,526
2,850
6m
352d
6/
Amount of sub
scriptions tendered
1,201
4,945
4,559
8, 2,312
1,889
4,914
1,547
4,145
2/
100
41
501
1,804
500
1,801
17
4,855
1,811
3,333
7,162
6,367
3,801
5,079
5,690
2,060
3,177
1,749
3,072
1,800
627
1.804
1,664
3,255
3,011
10/
501
1,802
3,041
13/
2,012
1,802
2,509
2,102
595
1,009
1,801
12/
13/
ly
15/
100
16/
5,2211 17/
W
19/
3,883
595
1,790
5y
15
344d
7y
25y
3,353
3,214
1,240
3,937
3,195
2,985
2,167
500
3,896
1,802
5,221
40
35d
354d
3,062
364d
4,371
3,047
2.043
652
1,800
1,801
1,802
2,028
500
2,017
1.805
2.043
1,802
294d
4,209
1,804
364d
169d
4,277
4,716
2,915
1,802
2,007
220
2,021
220 2 j J
25/
l-2m
12/31/75-H
2y
9m
19y
8/15/88-93 - Reopening
"Strip" of 11 Series 28/
(Average) 43d
(
364d
11/19/74
4/19/74 - Reopening 1
140d
Tax ant. > 1/
203d
6/21/74 - Tax ant. J
364d
12/17/74
364d
1/14/75
2/15/81 - A
7y
364d
2/11/75
5/15/77 - C
3y 3m
19y 6m
8/15/88-93 - Reopening
4/19/74 - Reopening
2,860
1,503
220
136
1,511
302
22o\ 24/
136/
26/
27/
327|
20/
3071
>7f
250)
21/
2g/
46d
364d
3,773
3,359
1,515
1,801
84d
5,042
2,047
2,523
1,532
364d
364d
3,202
1,801
1,802
1,880
341d
339d
336d
Reopening
4T
20y
Tax ant. -5/
•2y
lm
5y
tax ant. 5/
Tax ant. 5/
3/11/75
6/21/74 - Reopening
Tax ant. 5/
3/31/76 -H
4/1/79-•EA
4/8/75
5/6/75
8/15/78-C
6/30/76-1
5/15/94-99
6/3/75
"Strip" of 8 Series 38/
6y
2y
5y
4y 3m
2y 1-fm
25y
364d
(Average )131d
2,153
1,100
3,437
1,801
2,508
3,023
3,588
1,002
2,000
3,222
3,012
3,101
327
3,121
1,144
307
250
2,984
3,580
3,286
904
2,531
2,458
583
656
279
1,803
1,802
1,516
1,808
2,258
300
2,048
309
1,802
801
6281
425/
21/
22/
23/
22/
583
656^4/
279,
25/
2V
37/
36
Treasury Bulletin
PITRT.Tf! DEBT OPERATIONS
T a b l e P D O -4 . - O f f e r i n g s o f P u b l i c M a r k e t a b l e S e c u r i t i e s O t h e r than
R e g u l a r W e e k l y T r e a s u r y B i l l s ; —C o n t in u e d
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities l/
7/2/74
7/30/74
7/30/74
8/7/74
8.256$
8.049$
7.836$
9.655$
8/15/74
8/15/74
8/15/74
9$ Note
9$ Note
8-1/2$ Bond
8/21/74
8/28/74
8/27/74
9/4/74
9.564$
9.767$
9/18/74
6/20/74
7/23/74
7/24/74
8/1/74
8/6/74
8/7/74
8/8/74
Bill
Bill
Bill
Bill
_
_
-
Period to final
maturity
(years, months,
days)
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. 5/
5/15/77-D
2y 9m
8/15/80-B
6y
5/15/94-99 - Reopening
24y 9m
Bill
Bill
_
-
9/24/74
8.341$ Bill
-
9/23/75
9/24/74
9/30/74
Note
2y
10/1/74
10/22/74
11/6/74
11/4/74
10/1/79-E0
10/21/75
5/15/79-D
6/19/75
5y
11/6/74
11/7/74
11/8/74
7-3/4$
7-3/4$
8-1/2$
7.362$
7.426$
7.527$
7.521$
Note
Note
Bond
11A3/74
11/20/74
11/21/74
11/26/74
11/15/74
11/15/74
11/15/74
11/19/74
12/3/74
12/4/74
12/5/74
_
_
_
_
-
9/30/76-J
7/
10/16/74
10/23/74
10/29/74
8-1/4$
1-1/2$
7.629$
7-7/8$
7.933$
12/11/74
12/23/74
12/30/74 '
1/2/75
12/17/74
12/31/74
1/7/75
1/9/75
6.625$ Bill
7-1/4$ Note
7-7/8$ Note
8$
Note
Footnotes on following page.
Note
Bill
Note
Bill
Bill
Bill
Bill
Bill
_
_
-
364d
244d
364d
44d
Cash
2,654
4,321
2,573
4,319
4,441p
3,787p
1,060p
364d
299d
2,935
4,934
364d
2,980
364d
227d
3,246p
3,580
2,273p
3,860
ll/15/77-E
3y
ll/15/81-B
7y
5/15/94-99 - Reopening
24y 6m
364d
11/18/75
4/16/75
Tax ant. j>/
134d
"Strip " of 5 Series 50/
(Average) 22d
6/17/75
Tax ant. 5/
194d
4,335p
3,259p
1,813p
3,802p
4,904p
l,671p
2,8l4p
364d
3,749p
2,806p
l,759p
1,915P
8/26/75
6/30/75
12/16/75
12/31/76-K
5/15/79-D-Reopening
3/31/76-H-Reopening
4y 6m
2y
4y 4m
ly 3m
Amount issued ji/
Amount of sub
scriptions tendered
Exchange
For
cash
_
_
2,936
2,461
486
_
-
1,803
2,003
-
1,803
205
1
1,059
949
338
_
77
_
-
1,802
1,501
1,806
1,526
2,391p
l,834p
400p
In exchange
V
-
2 ,936^
2,461)22/
486
4Q/
41/
42/
-
l,809p
_
2,003
l,015p
1,501
205 42/
2,500p
l,750p
600p
2,002p
2,251p
l,001p
1,256p
1,°59l
949)46/
338/
-
2,001p
2,204p
l,252p
756p
Allot
ment
ratio
1
-
44/
45/
42/
48/
49/
_
77 51/
_
-
52/
52/
54/
.
January 19 J5
37
PUBLIC DEBT OPERATIONS
F o o t n o t e s to Table PDO- 4.
Source:
Bureau of the Public Debt.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued is in addition to the amount of
original offerings.
4 / For securities exchanged for the new issues see Table PD0-7.
5/ Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Price at which issued appears in Table PDO-5.
7/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury
bonds, Investment Series B-1975-S0, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
8/ Cash subscriptions were accepted only from individuals in amounts of
$10 ;000 or less.
Includes $1,028 million of the 5-7/8% notes, $1,437 million of the 6-1/4%
notes and $1,180 million of the bonds allotted to Federal Reserve banks
and Government accounts.
10/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.41 (yield 5.77%) down to 100.20 (yield
5.89%) with the average at 100.25 (yield 5.86%).
1A/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.31 (yield 6.16%) down to 100.14 (yield
6 .21%) with the average at 100.18 (yield 6 .20%).
12/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.29 (yield 5.72%) down to 100.05 (yield
5.85%) with the average at 100.09 (yield 5.83%).
13/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 99.50 (yield 6 .79%).
y j Includes $1,392 million allotted to Federal Reserve banks and
Government accounts.
15/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1973.
16/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.88 (yield 6.65%) down to 99.21 (yield
6.77%) with the average at 99.40 (yield 6.74%).
17/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1973.
18/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 6 .86%) down to 99.05 (yield
7.05%) with the average at 99.29 (yield 7.01%).
19/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 98.75 (yield 7.11%).
20/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing August 15, 1973.
21/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.31 (yield 7.95%) down to 99.01 (yield
8.04%) with the average at 99.07 (yield 8.03%).
22/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 95.05 (yield 8 .00%).
23/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged fron 101.05 (yield 7.80%) down to 100.70
(yield 7.99%) with the average at 100.80 (yield 7.94%).
24/ Issued to Federal Reserve banks and Government accounts in exchange
for bonds maturing November 15, 1973.
25/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.21 (yield 6.75%) down to 100.63
(yield 6.87%) with the average at 100.88 (yield 6.82%).
26/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.49 (yield 6.73%) down to 100.09
(yield 6.94%) with the average at 100.14 (yield 6.91%).
22/' Sold at auction through competitive and noncompetitive bidding.
All accepted tenders were awarded at the price of 101.60 (yield 7.35%).
28/ Sale of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from November 23, 1973,
through January 31, 1974.
29/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing February 15, 1974.
30/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 6 .88%) down to 100.00
(yield 6.93%) with the average at 100.10 (yield 6.95%).
31/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.92 (yield 6.56%) down to 100.35
(yield 6.75%) with the average at 100.51 (yield 6.70%). .
32/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 100.45 (yield 7.46%).
33/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.11 (yield 7.94%) down to 99.76
(yield 8.13%) with the average at 99.85 (yield 8.08%).
34./ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing May 15, 1974.
35/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 8.56%) down to 99.96
(yield 8.76%) with the average at 100.07 (yield 8.73%).
36/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.57 (yield 8.43%) down to 99.87
(yield 8.79%) with the average at 100.00 (yield 8.73%).
37/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 102.85 (8.23%).
38/ Sale of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from September 19 through
November 7, 1974.
39/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
40/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.28 (yield 8 .48%) down to 100.86
(yield 8.65%) with the average at 101.00 (yield 8.59%).
4.1 / Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.50 (yield 8.67%) down to 101.01
(yield 8.78%) with the average at 101.15 (yield 8.75%).
4.2/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.76 (yield 8.52%) down to 98.00 (yield
8.70%) with the average at 98.70 (yield 8 .63%).
43/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
Vi/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 8.39% (price 99.75) down to 8.20%
(price 100.09) with the average at 8 .34% (price 99.84).
4.5/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.93% (price 99.787 down to 7.78% (price
100.349) with the average at 7.89% (price 99.937).
4.6/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
4.7/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.87% (price 99.685) down to 7.78%
(price 99.921) with the average at 7.85% (price 99.737).
4.8/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.86% (price 99.416) down to 7.75%
(price 100.000) with the average at 7.82% (price 99.628).
4.9/ Sold at auction through competitive and noncompetitive bidding,
prices accepted ranged from 103.50 (yield 8.17%) down to 102.79
(yield 8 .23%) with the average at 103.04 (yield 8 .21%).
50/ Sale of a "strip"of Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
_5l/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
52/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.37% (price 99.781) down to 7.15% (price
100.183) with the average at 7.32% (price 99.872).
53/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 102.20 (yield 7.27%) down to 101.80
(yield 7.37%) with the average at 101.95 (yield 7.33%).
54/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.91 (yield 7.18%) down to 100.80 (yield 7.27%)
with the average at 100.84 (yield 7.24%).
p
Preliminary.
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date- of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
$507
1,107
929
433
2,977
$99.40
99.15
99.85
99.85
5.73$
5.73
5.73
5.72
4-1/4$
3-3/4$
5-1/4$
3-7/8$
2,045
1,776
100.89
100.26
5.58
5.78
2/
2/
Eligible securities exchanged
1975
Note _
Bond Note Bond -
8/15/68-C
8/15/68
11/15/68-D
11/15/68
8-1/4$
4$
Note _
Bond -
8/15/71-F
8/15/71
6.91
6.91
4-1/8$
2/
Bond
99.75
99.75
6.29
6.29
5-5/8$
4$
Note
Bond -
2/l5/69-A
2/15/69
1,714
699
1,097
630
805
4,945
99.75
99.75
99.75
99.75
99.75
5.97
5.97
5.97
5.97
5.97
5$
4$
2-1/2$
6$
2-1/2$
Note
Bond Bond _
Note Bond ~
8/15/72-E
8/15/72
9/15/67-72
ll/l5/72-F
12/15/67-72
l,532p
2'
1,109
571
99.85
8.08
2/
99.50
99.50
99.50
7.61
7.61
7.61
1-1/2$
4$
2-1/2$
Note _
Bond Bond -
10/l/69-E0
10/1/69
12/15/64-69
100.50
5-3/4$
Note
2/15/75-A
2/15/68
5-7/8$
5-7/8$
Note
Note
2/15/75-E
5/15/75-F
10/22/71
4/3/72
8-3/8$
Note
9/30/75-G
9/4/73
2,042
100.80
7.94
2/
8/15/71
1,407
1,708
99.80
99.80
7.06
7.06
100.14
100.14
7$
Note
11/15/75-D
3,115
12/31/75-H
11/15/73
11/15/73 '
1,731
197b
6-1/4$
220
1,511
Note
2/15/69
2/15/76-A
3,037
702
3,739
5-7/8$
Note
2/15/76-F
8/15/72
8$
Note
3/31/76-H
4/9/74
L
10/1/69
7-1/2$
Note
S/15/76-C
11/15/70
6-1/2$
Note
8/15/76-G
2/15/73
8-1/4$
Note
9/30/76-J
9/30/74
6-1/4$
Note
ll/l5/76-D
7-1/4$
Note
12/31/76-K
12/31/74
1977
6-7/8$
Note
5/15/77-C
2/15/74
f
9/8/71
11/15/72
1,683
2,511
Note
99.40
99.40
7.48
6.60
6.60
5$
1,424
2,459
3,883
6-1/2$
4-7/8$
Note _
Note -
2/15/73-c
2/15/73-C
205p
l,8l7p
,2,022p
99.84
99.84
8.34
8.34
6$
2/
Note
9/30/74-E
101.14
100.18
5.98
6.20
2/
2/
7.32
7.32
5-7/8$
2/
Note
100.51
100.51
6.70
6.70
7-3/4$
2/
Note
2/15/74-C
101.00
8.59
8.59
5-5/8$
2/
Note
8A5/74-B
101.00
99.75
99.75
7.80
7.80
6-3/8$
4$
Note
Bond -
8/15/70-D
8/15/70
99.07
99.07
99.07
7.92
7.92
7.92
8-1/8$
4$
2/
Note
Bond
8/15/73'-B
8/15/73
99.737
99.737
7.85
7.85
5-3/4'$
2/
Note
100.07
100.07
100.07
8.73
8.73
8.73
7-1/4$
4-1/4$
2/
Note Bond -
1,283
3,041
(
(
77p
2,203p
2,280p
307
2,258
99.872
99.872
_
_
ll/15/70-A
12/31/74-F
2.565.
9$
Note
5/15/77-D
8/15/74
2,936p
2,39lp
5,327p
8/15/70
7-3/4$
Note
8/15/77-B
752
1,512
2,264
8/15/73
234
394
2,026
(
-
2,654.
7-3/4$
Note
ll/15/77-E
11/15/74
l,059p
2,568p
ll/15/74-A
3,627p
1978
8-3/4$
Note
Footnotes at end of table.
8/15/78-C
5/15/74
343p
240p
l,880p
2,46Sp
5/15/74-D
5/15/74
39
January 1975
, PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance R efunding O p e r a tio n s -C o n tin u e d
Description of securities
Date of
financing
1978
6/b
Note
11/15/78-B
11/15/71
Amount issued
(Ti' millions)
$ 633
3,109
1,446
602
841
509
1,067
Average price
per hundred
Effective
interest
rate
$ 99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05%
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8%
7-3/4%
4-3/4%
6-3/4%
5%
3-7/8%
4%
Eligible securities exchanged
Note
Note
Note
Note
Note
Bond
Bond
-
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
8,207
7-7/8%
Note
5/15/79-D
11/6/74
l,016p
99.937
7.89
6-5/8%
Note
11/15/79-B
2/15/73
595
1,009
99.40
99.40
6.73
6.73
2/
4-7/8% Note
2/
1,604
220
2,021
100.88
100.88
6.82
6.82
4-1/8% Bond
2/
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&G savings bonds
2/
2,636
2,585
2,043
7,265
99.29
99.29
99.29
7.00
7.00
7.00
7-3/4% Note
4-3/4% Note
2/
2,461p
l,834p
4,295p
101.15
101.15
8.75
8.75
5-5/8% Note
2/
25
302
1,515
100.28
100.28
100.28
6.95
6.95
6.95
7-3/4% Note
4-1/8% Bond
2/
99.20
99.20
99.20
7.11
7.11
7.11
8-1/4% Note
Bond
4%
2/
99.628
99.628
7.82
7.82
5-3/4% Note
2/
11/15/79-C
11/15/73
_
2/15/73-D
_
11/15/73
2,241
1980
4%
Bond
2/15/80 1/
1/23/59
12/15/62
884
34
*
34
6-1/8%
Note
5/15/80-A
5/15/73
9%
Note
8/15/80-B
8/15/74
Note
2/15/81-A
2/15/74
_
-
5/15/73-A
5/15/73-E
8/15/74-B
1981
1%
-
2/15/74-C
2/15/74
1,842
1%
Bond
8/15/81
8/15/71
202
411
195
_
-
8/15/71-F
8/15/71
807
7-3/4%
Note
11/15/81-B
11/15/74
949p
l,765p
_
11/15/74-A
_
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
2,714p
1982
6-3/8%
6-3/8%
Bond
Bond
2/15/82 1/
8/15/84
5/15/72
8/15/72
505
100.60
6.34
2/
15
252
221
133
164
535
265
457
268
41
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5%
4%
2-1/2%
6%
2-1/2%
5-3/4%
3-7/8%
5-3/4%
5-7/8%
2/
1,135
100.50
3.22
2/
98
487
187
58
36
268
58
24
1,216
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8%
7-3/4%
4-3/4%
6-3/4%
5%
3-7/8%
4%
2/
*
5
360
101.00
101.00
101.00
4.19
4.19
4.19
Note
4%
3-1/4% Note
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
-
2,353
3-1/4%
Bond
5/15/85
6/3/58
1986
6-1/8%
Bond
11/15/86
11/15/71
Note
Note
Note
Note
Note
Bond
Bond
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-5
11/15/71
8/15/72
-
8/15/62-B
8/15/62-G
_
-
1987
4-1/4%
Bond
8/15/87-92 1/
8/15/62
365
Footnotes at end of Table.
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
T a b l e P D O -5 . - U n m a t u r e d M a r k e t a b l e S e c u r i t i e s Is s u e d at a P r e m i u m or D i s c o u n t
O th e r th a n A d v a n c e R e f u n d i n g O p e r a t i o n s - C o n t i n u e d
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
2/15/88-93
1/17/'63
$-52
$99.85
4.:i$
2/
8/15/88-93
£ 8/15/73
93
333
500
99.05
95.05
95.05
8.00
8.00
8.00
8-1/8%
4%
2/
100.14
100.14
7.78
7.78
4-1/8%
2/
Bond
11/15/73
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4%
4-1/8%
Note
Bond
2/15/74-C
2/15/74
2/
300
100.55
4.09
2/
Note
5/15/73-A
Description of securities
1983
4%
7-1/2%
Bond
-
Bond
Eligible securities exchanged
Note
Bond
-
8/15/ 73-B
8/15/73
925
7-1/2%
Bond
8/15/88-93
11/15/73
f
V
136
302
438
2/15/74
f
(
I
10
240
301
<
551
1989
4-1/8%
Bond
-
1993
6-3/4%
Bond
_
7%
1994
8-1/2%
Bond
-
5/15/89-94
4/18/63
2/15/93
1/10/73
5/15/93-98
627
99.50
5/15/73
f
I
40
652
692
98.75
98.73
6.79
7.11
7.11
2/
7-3/4%
2/
8/15/74
f
486p
400p
98.70
98.70
8.46
. 8.46
5-5/8%
2/
Note
8/15/74-B
103.04
103.04
103.04
8.37
8.37
8.37
5-3/4%
3-7/8%
2/
Note
Bond
ll/15/74-A
11/15/74
V
Bond
_
5/15/94-99 1/
885p
<
11/15/74
N.
J
\
^
196p
M2p
602p
941p
1/ Additional issue.
2/ Issued for cash.
-*
p
Less than $500,000.
Preliminary.,,-
January 1975
41
PUBLIC DEBT OPERATIONS.
T a b l e P D O -6 .
A l l o t m e n t s by I n v e s t o r C la s s e s on S u b s c r i p t i o n s f o r P u b li c M a r k e t a b l e S e c u r i t i e s
Part A. - Other than Bills
(In millions of dollars)
Allotments by investor classes
Amount issued
Date of
financ
ing
Description 0 f securities
8/15/70 J 7-3/4%
(7-3/4%
8/17/70 „ 7-1/2%
11/15/70 f 7-1/4%
{ 7-1/2%
11/16/70
6-3/4%
2/15/71 f 5-7/8%
U-l/4%
5/15/71 / 5%
\ 5-3/4%
6%
6/29/71
Note Note -
2/15/74-C
8/15/77-B
Note Note Note -
2/15/72-C
5/15/74-D
8/15/76-C 8/
5/15/72-D
Note Note Note -
8/15/75-C
2/15/78-A
Note - 8/15/72-E
Note - 11/15/74-A 8/
Note - ll/l5/72-F
Note - 11/15/75-D
8/15/71 f 7%
Bond 8/15/81
\^7%
6-1/2% Note - 2/15/73-C
8/16/71
6-1/4% Note - 11/15/76-D
5-7/8% Note - 2/15/75-E
10/22/71
^4-7/8% Note - 11/15/73'-D
11/15/71
6%
Note - ll/15/78-B
11/15/86
V 6-1/8% Bond 9/8/71
For
cash
_
3,1 90
2,037
_
2,285
195
2,514
1,283
2,045
2,768
24
_
66
In
exchange
for
other
securi
ties
3,139
2,264
190
4,505
2,511
7,679
8,389
3,452
3,231
3,115
613
6-3/4% Bond - 2/15/93
f
6-1/2%
Note - 8/15/76-G
2/15/73
\ 6-5/8% Note - 11/15/79-B
627
1,009
5/15/73 /6-7/8%
l 7%
8/15/73 f 7-3/4%
1/2%
- 5/15/80-A
- 5/15/93-98
- 8/15/77-B 8/
- 8/15/88-93
- 9/30/75-G
2,043
652
2,026
500
Note - 12/31/75-H
Note - 11/15/79-C
Bond - 8/15/88-93 8/
Note - 5/15/77-C
Note - 2/15/81-A
Bond - 8/15/88-93 8/
Note - 3/31/76-H
1,511
2,021
302
2,258
1,515
301
9/4/73
Note
Bond
Note
Bond
8-3/8% Note
(1%
7%
11/15/73
W-l/2%
f 6-7/8%
2/15/74 7%
'*7-1/2%
4/9/74 8%
f 8-3/4% Note - 6/30/76-1
5/15/74 \ 8-3/4% Note - 8/15/78-C
v.8-1/2% Bond - 5/15/94-99
2,042
13
26
13
26
19
130
210
2
59
8
3
35
9
30
38
8
37
8
167
47
335
513
248
72
110
193
22
269
343
392
198
325
205
77
104
334
424
135
196
111
209
24
52
8
123
4
260
496
2
3
4
-*
93
93
2
714
631
177
263
68
9
2
3
2
94
6
405
76
2
5
36
2
*
52
272
1
5
1
*
21
125
67
1 ,500
2 ,915
673
420
554
2 ,514
1 ,028
l',437
1 ,180
1,833
1,566
3,197
296
1,446
777
9
15
240
31
85
221
1
1
1
46
104
4
33
1
1
19
2
1
_
9
2
14
1
47
6
26
29
5
21
1
26
53
235
3
85
46
992
1,150
185
558
296
84
311
13
117
121
1,605
15
6
15
23
79
1
*
*
35
52
51
4
36
27
1
*
*
70
2
1
10
125
54
26
10
68
89
28
202
43
23
3
24
31
186
769
45
1,990
9
1
1
3
2,230
2
3
2
15
440
41
202
1 ,392
595
2,062
*
29
3
6
31
1
*
3,883
595
5,221
40
628
425
24
6
*
2
*
79
100
33
*
703
275
405
105
1
*
*
2
6
7
*
1
4
1
84
166
82
4
*
*
33
44
7
2
16
*
5
*
59
1
17
*
214
273
296
29
2
104
112
3
1
8
27
2
¥r
49
39
6
1
400
346
71
30
1
2
309
56
61
220
220
136
307
327
250
4
6
41
28
220
220
136
71
23
111
14
183
34
188
1
68
21
1
42
41
25
18
46
21
11
7
10
2
8
2
1
1,500
8,207
1,192
-
1/10/73
3
22
133
3
4
2
*
u
2
-
12/28/72
1,542
112
91
98
77
116
22
36
18
13
7
All
other
57
2,514
4,945
4,559
2,312
3,041
2,102
592
351
11
119
235
431
138
246
13
44
24
2
Other
funds
Dealers
and
brokers
15
1,776
Note -
1,351
1,257
2,071
4
34
90
38
22
Pension
and re
tire
ment
funds
2
6
1,046
1,279
505
_
41
2,060
6-1/4% Note 5-7/8% Note - 12/31/74-F
1 457
1 046
6
20
43
37
10
62
35
78
61
40
38
29
State and local
governments 6/
2,036
5/15/75-F
6%
1,593
3,586
3,122
Private
pension
and re
tirement
funds
-
5/15/73'-E
2/15/82 8/
11/15/72
2 319
2 722
1,664
2,481
],033
166
74
656
292
94
Mutual
Corpo
sav
rations
ings
banks
u
-
■-/3/72 5-7/8% Note 5/15/72 f 4-3/4% Note 6-3/8% Bond -
10/1Q/72
1,929
967
u
Insur
ance
compa
nies
-
5/15/76-E
2/15/82
2/15/76-F
8/15/79-A
8/15/84
9/30/74-E
11/15/76-D 8/
150
479
190
838
811
Indi
vidu
als
-
2/15/72 f 5-3/4% Note 6-3/8% Bond -
f5-7/8% Note 8/15/72 { 6-1/4% Note Is,6-3/8% Bond -
U.S. Gov
ernment Commer
accounts
cial
and
banks
Federal
Reserve 1/
Banks 2/
2,802
2,131
-
5.,275
140
630
665
1,231
353
2,557
1,606
512
291
1,878
556
1,320
102
1,438
83
1,097
l,532p
-
35
1,003
1,366
83
1,519
1,094
173
1,016
2,047p
1,879p
309p
656
583
279
656
583
279
1,224
1,315
106
307
327
250
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
l/ Excludes 1-1/2% Treasury notes issued in exchange to holders of nonmarketable 2-3/4% Treasury bonds, investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
3/ Includes trust companies and stock savings banks.
%/ Includes partnerships and personal trust accounts,
j?/ Exclusive of banks and insurance companies.
40
1
_
154
10
*
1
7
8
263
270
68
19
10
8
10
10
1
.
24
9
7
*
*
*
1
8
1
6
*
7
644
23
23
22
73
136
4
38
22
4
8
6
2
1
*
*
-*
*
59
l
*
*
20
15
**
14
*
*
312
447
98
473
370
103
47
16
35
151
6
9
23
9
13
3
8
2
14
14
10
3
5
5
11
16
21
1
165
288
96
51
100
201
125
56
26
11
16
1
6/ Consists of trust, sinking, and investment funds of State arid loeal
governments and their agencies.
7/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
* Less than $500,000.
p Preliminary.
n.a.
Not available.
Treasury Bulletin
42
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - B ills Other than Regular W eekly Series
(In millions of dollars)
Total amount issued
r
Date of
maturity
Date of
finane ing
Average
rate
One-year
series
9-month
series 1/
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
4/30/73
7/31/73
5/31/73
8/28/73
4.723
4.918
1,201
5.040
5.178
1,803
6/30/73
9/25/73
7/31/73
'^10/23/73
5.346
5.529
5.223
5.318
11/24/72
11/30/72
12/5/72
12/31/72
4/20/73
11/20/73
6/22/73
12/18/73
4.721
5.225
5.089
5.337
1/31/73
2/28/73
1/15/74
2/12/74
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
8/15/73
8/28/73
9/25/73
10/9/73
10/23/73
11/1/73
11/20/73
3/12/74
4/9/74
5/7/74
6/4/74
.7/2/74
9/19/73
8/27/74
9/24/74
7/30/74
10/22/74
4/19/74
11/19/74
f 4/19/74
^ 6/21/74
12/17/74
1/14/75
2/11/75
4/19/74
3/11/75
6/21/74
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
9/20/74
8/26/75
9/23/75
10/21/75
6/19/75
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
6.880
6.948
6.342
7.452
6.897
8.306
7*887
8.422
8.249
8.256
7.836
9.652
9.564
8.341
7.629
7.933
7/31/72
8/31/72
9/30/72
10/31/72
11/30/73
12/18/73
1/15/74
2/12/74
3/4/74
3/12/74
3/29/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/7/74
8/27/74
9/24/74
10/22/74
11/4/74
r
\
i
\
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
500
75
627
501
73
194
140
654
125
578
500
1,801
501
1,802
_
2,012
1,802
609
_
2,510
1,800
728
1,804
1,801
1,790
1,802
1,800
1,801
1,802
747
745
760
715
500
625
727
_
421
639
2,017
1,805
1,802
1,804 6/
1,802
2,007
-
1,801
600
-
1,803
1,802
1,802
808
728
871
1,801
757
1,002 5/
2,000
-
1,516 2/
-
2,523 5/
-
1,801
1,802
1,802
1,802
1,806
1,502
1,803
l,803r
2,003r
l,501r 7/
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
-
615
669
567
642
759
536
435
727
706
-
Commer
cial
banks
Corpo
rations
2/
107
199
76
953
109
594
186
504
10
12
*
1
*
5
*
2
1,932
164
2,505
308
75
4
2
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392
539
400
442
631
1,438
861
43lr
524r
867
4
3
17
1
6
5
2
_
5
5
40
1
-
10.
1
*
26
_
11
-
11
6
11
12
15
-
21
7
10
1
Dealers
and
brokers
All
other y
173
337
165
608
187
47
135
408
160
632
116
140
30
86
73
499
8
455
1
177
222
138
585
313
382
474
135
255
544
276
135
26
584
548
45
400
20
179
185
170
430
173
259
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
10
200
20
414
344
444
381
489
63
336
493
652
495
2
215
3
315
346
305
208
135
1
150r
145r
111
138r
_
Included with all other investors are certain Government deposit ;
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
5/ Reopening of earlier issue.
6/ 42-week issi’o.
2/ Special issues.
Less than $500,000.
Revised.
u
43
January 1975
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular W eekly Treasury Bills
(Dollar amounts in millions)
5.953% Bill
4.496% Bill
7/31/72
-
Cash
retire
ment
Exchange
security
offered
7/31/72
7/31/72
7/31/71
7/31/71
1 ,202
500
0 0
0 w
Description
Amount
oui>
standing
i- 1
Issue
date
Results of ex
change offers
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
_
8/15/72-E
5/15/71
2,574
-
2,574
Ex
changed
-
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
-
232,
5-7/8%
6-1/4%
6-3/8%
Note
Note
Bond
F-1976
A-1979
8/15/84
379
(5-7/8%
<6-1/4%
^6-3/8%
Note
Note
Bond
F-1976
A-1979
8/15/84
(5-7/8%
<6-1/4%
16-3/8%
Note
Note
Bond
F-1976
A-1979
8/15/84
5-7/8%
6-1/4%
Note
Note
Bond
F-1976
A-1979
8/15/84
-
5-7/8%
6-1/4%
6-3/8%
Note
Note
Bond
F-1976
A-1979
8/15/84
{ " ? }
f 699 1
Bond
8/15/72
9/15/62
1,453
-
1,453
\
2-1/2% Bond
9/15/72
10/20/41
1,951
-
s ;
1,951
( l' i }
- 11/15/72-F
8/15/72
6/29/71
2,285
-
2,285
-
12/15/72
11/15/45
2,547
-
2,547
{
f
\
I
5-3/4% Note 5/ -
ll/l5/74-A
11/15/67
7,212
-
7,212
ri,235A
^ 535 J
-
6-1/4%
6-3/8%
Note
Bond
A-1979
8/15/84
3-7/8% Bond 5/ -
11/15/74
12/2/57
2,236
-
2,236
T 756 ^
-
6-1/4%
6-3/8%
Note
Bond
A-1979
8/15/84
-
6-1/4%
Note
Bond
A-1979
8/15/84
/6-l/4%
'6-3/8%
Note
Bond
A-1979
8/15/84
/ 2-1/2% Bond
-
5-3/4% Note 5/ 5-7/8% Note 5/ -
2/15/74-A
2/15/75-E
2/15/68
10/22/71
5,148
-
2,045
-
I
265 J
5,148
r
677
2,045
I **57 J
f 555 ^
I
-
1 ,200
500
1 ,200^ 3/
500 J-2/
-
-
-
454p
454p
-
-
-
1,201 "1 y
501 J
-
-
-
-
( 4.580% Bill
8/31/72
8/31/72
8/31/71.
8/31/71
9/15/72
2-1/2% Bond
9/15/72
10/20/71
9/30/72
A . 279% Bill
V 3.930% Bill
9/30/72
9/30/72
9/30/71
9/30/71
1-1/2% Note
10/1/72-E0
10/1/67
10/31/72
10/31/72
10/31/71
10/31/71
1,200
500
1,200^ /
500 J 2/
10/1/72
10/31/72
f
4.490% Bill
3.891% Bill
11/30/72
4.563% Bill
3.862% Bill
1,201
501
33
27,451
11,816
-
-
-
6/29/71
1,326
1,326 6/
-
-
-
11/30/71
11/30/71
1,201
501
l,20lj i/
501/
-
-
-
12A 5/72
2-1/2% Bond
12A5/72
11/15/45
1,351
1,351
-
-
-
12/31/72
3.927% Bill
4.512% Bill
. 12/31/72
12/31/72
12/31/71
12/31/71
1/31/72
1/31/72
1,200
501
1 ,200\
501J2/
1,2001
500/3/
-
-
-
-
-
8/16/71
11/15/71
2,514
4,268
2,514
4,268
1,425
2,458
1,089
1,810
2/29/72
2/29/72
1,200
-
-
-
3/31/72
3/31/72
1,201
l,20li
501/i/
-
-
-
34
2,012 V
-
-
-
1,2001
500J2/
3,181^
-
-
2,663 &/
2,598 9/
-
-
-
-
-
-
-
-
-
2/28/73
Bill
Bill
Note
Note
1/31/73
1/31/73
2/15/73
2/15/73
'4.091%
4.367%
4.661%
4.754%
1-1/2%
4.721%
Bill
Bill
Bill
Bill
Note
Bill
2/28/73
2/28/73
4/30/73
4.362% Bill
4.731% Bill
5A5/73
r 7-3/4% Note
, 4-3/4% Note
3/31/73
3/31/73
4A/73-EA
4/20/73
4/30/73
4/30/73
5A 5/73-A
5A 5/73-E
4.465% Bill
5.040% Bill
6/22/73
5.
6/30/73
3/31/73
4/1/73
4/20/73
5/31/73
4/1/68
11/24/72
1,200
500
501
501
34
2,012
H
2A 5/73
3.936%
4.234%
’6-1/2%
4-7/8%
O O
1/31/73
4/30/72
4/30/72
1,200
10A/69
5A5/72
5,844
3,792
5/31/73
5/31/73
5/31/72
5/31/72
1,200
Bill
6/22/73
12/5/72
2,510
1,194/6/
1,2001
500j2/
2,510 4/
4.853% Bill
5.346% Bill
6/30/73
6/30/73
6/30/72
6/30/72
1,201
l>2°l| ,
500
500
500
500fi/
4,945 of 5-7/8% Note
4,559 of 6-1/4% Note
2,312_ of 6-3/8% Bond
612
11/30/72
11/30/72
11/15/72-F
11/15/72
268 J
27,451
8/31/72
5.125% Bill
S )
805 \
223 >
165 J
_
-
_
”
7/
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills!—Continued
Called or maturing securities 1/
Date of
refunding
or retire
ment
7/31/73
8/15/73
Issue
date
Description
f 4.918% Bill
\5.223% Bill
/ 8-1/8% Note
4% Bond
-
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Exchange
Cash
out
security
retire
standing
offered
ment
7/31/73
7/31/73
7/31/72
7/31/72
1,201
501
1,201>l
50lh/
8/15/73-B
8/15/73
2/15/70
9/15/63
1,839
3,894
3,166F
8/28/73
5.178% Bill
8/28/73
8/31/72
1,803
1.803 2/
9/19/73
9.803% Bill
9/19/73
8/15/73
2,017
2,017 y
9/25/73
9/30/72
1,801
1,801 2/
Note
Bill
Bond
Bill
Bill
- 10/1/73-E0
10/23/73
11/15/73
11/20/73
12/18/73
10/1/68
10/31/72
7/22/64
11/30/72
12/31/72
30
1,802
4,336
1,802
1,800
30
1,802
3,760
1,802
1,800
iA 5/74
5.986% Bill
1/15/74
1/31/73
1.804
1.804
2A 2/74
6.050% Bill
-
2/28/73
8/15/70
1/15/65
1,801
7-3/4% Note
4-1/8% Bond
2/12/74
2/15/74-C
2/15/74
1,801
2/15/74
2,960
2,466
2,621
1,902
3/12/74
4/1/74
4/9/74
6.616% Bill
1-1/2% Note
6.598% Bill
3/12/74
4/1/74-EA
4/9/74
4A9/74
4A9/74
4/19/74
3/31/73
4/1/69
4/30/73
11/1/73
11/1/73
11/1/73
1,790
34
1,790
-
1,516
34
1,802
2,00?)
1,002U/
l,516j
5/7/74
5/31/73
1,800
1,800
5/15/74-D
5/15/74
11/15/70
5/15/64
4,334
2,847
3,335
9/25/73
10/1/73
10/23/73
11/15/73
wm
4A9/74
5/7/74
5/15/74
5.529% Bill
1-1/2%
5.318%
4-1/8%
5.225%
5.337%
C
6.765% Bill
7.830% Bill
7.452% Bill
6.
Bill
7-1/4% Note
4-1/4% Bond
-
1,802
2,007
1,002
2,328
6/4/74
7.235% Bill
6/4/74
6/30/73
1,801
1,801
6/21/74
I 7.790% Bill
i 8.306% Bill
6/21/74
6/21/74
11/30/73
11/30/73
2 ,000
2,523
2,00<3\
2,523)4/
7/2/74
8.392% Bill
7/2/74
7/31/73
1,802
1,802
7/30/74
7.702% Bill
8/15/74
5-5/8% Note
8/27/74
8.387% Bill
9/20/74
9.652% Bill
9/24/74
8.057% Bill
9/30/74
6%
9/30/74-E
Note
-
-
7/30/74
10/9/73
1.804
1.804
8/15/74-B
8/15/68
10 ,-284
4,401
8/27/74
8/28/73
1.804
1.804
9/20/74
8/7/74
1,526
1,526 V
9/24/74
9/25/73
1,802
1,802
10/19/72
2,060
1,855
10/22/74
7.132% Bill
- 10/22/74
10/23/73
1,802
1,802
11/15/74
5-3/4% Note
3-7/8% Bond
- 11/15/74-A
- 11/15/74
11/15/67
12/2/57
5,442
1,213
3,238
1,071
11/19/74
12/17/74
7.708% Bill
6.880% Bill
- 11/19/74
- 12/17/74
1,801
1,801
1,803
1,803
12/31/74
5-7/8% Note
- 12/31/74-F
11/20/73
12/18/73
12/28/72
2,102
2,025
Footnotes on following page.
325 10/
728 in/
576 12/
342 i y
542 14/
999 15/
519 16/
5,883 17/
205 18/
2,204 12/
142 20/
77 21
Results of ex
change offers
Exchanged
Turned
in for
cash 2/
Description of new
securities offered
(See also Table PDO-4)
January 1975
45
,_______ __________________________________ PUBLIC DEBT OPERATIONS...................................................................... .......
Footnotes to Table PDO-7
Source:
Bureau of the Public Debt.
l/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
3/ Rolled over into new bills
(see Table PDO-4).
4/ Tax anticipation issue: for detail of offerings beginning July 1972,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Notes" below.
5/ Subscribers exchanging these securities may elect, for Federal income
tax purposes, to recognize gain or loss on account of the exchange
either in the taxable year of the exchange or (except to the extent
that cash is received) in the taxable year of disposition or redemption
of securities received in the exchange. Any gain to the extent that
cash was received by the subscriber (other than as an interest
adjustment) must be recognized in the year of the exchange.
6/ Public holders of these securities were not given preemptive rights
to exchange them but they could be used in payment for new securities
allotted.
7/ Of this amount $595 million was exchanged by Federal Reserve banks
and Government accounts for 6-5/8% notes of Series B-1979. Other
holders of the maturing notes were not given preemptive rights to
exchange their holdings for the 6-5/8% notes.
8/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 6-l/8% notes of Series A-1980 and $40 million of 1% bonds
of 1993-98 issued May 15, 1973.
9/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8%
notes of Series A-1980 issued May 15, 1973.
10/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4% notes of Series B-1977 and $92 million of 7-1/2%
bonds of 1988-93 issued August 15, 1973.
11/ Exchanged by Federal Reserve banks and Government accounts for $495
million of' 7-3/4$ notes of Series B-1977 and $233 million of 7-l/2%
bonds of 1988-93 issued August 15, 1973.
12/ Exchanged by Federal Reserve banks and Government accounts for $220
million of 7% notes of Series C-1979, $220 million of 1% notes of
Series H-1975 and $136 million of 7-1/2% bonds of 1988-93 issued
November 15, 1973.
13/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8% notes of Series C-1977, $25 million of 7% notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2%
bonds of 1988-93 issued February 28, 1974.
14/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7% notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2% bonds of 1988-93 issued February 28, 1974.
15/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4% notes of Series 1-1976 and $343 million of 8-3/4%
notes of Series C-1978 issued May 1 5 ,1974.
16/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4% notes of Series C-1978 and $279 million of 8-1/2%
bonds of 1994-99 issued May 15, 1974.
17/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9% notes of Series D-1977, $2,461 million of 9% notes of
Series B-1980 and $486 million of 8-1/2% bonds of 1994-99 issued
August 15, 1974.
18/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4%
notes of Series J-1976 issued September 30, 1974.
19/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4% notes of Series E-1977, $949 million of 7-3/4% notes
of Series B-1981 and $196 million of 8-1/2% bonds of 1994-99 issued
November 15, 1974.
20/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2%
bonds of 1994-99 issued November 15, 1974.
21/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4%
notes of Series K-1976 issued December 31, 1974.
p Preliminary.
Note: Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars;
Redeemed
for
taxes
Redeemed
for
cash
Date of
retirement
Securities
Total
amount
retired
4/20/73
Bill
2,012
912
6/22/73
Bill
2,510
1,687
823
Bill
2,017
4A9/74
Bill
Bill
4,525
4,522
1,523
3,708
6/21/74
9/20/74
494
817
836
Bill
1,526
402
1,124
9/19/73
•
1,100
3,686
Treasury bulletin
____________ PUBLIC DEBT OPERATIONS_____________________________ I_____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
I s s u e d to O f f i c i a l I n s t i t u t i o n s o f F o r e ig n C o u n t i e s
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Issue
date
Securities
Certificates of indebtedness
1973-July.............. /
Notes
{
Interest
rate
(Percent)
Issued
_
_
_
_
_
_
_
_
_
_
44
2
3
20
30
8
17
250
70
1
5
7
11
25
1
3
14
40
50
6
24
5
18
1
25
24
53
264
_
_
_
_
200
200
175
4/05/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
5/14/73
6/20/73
6/26/73
7/05/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
I 7/17/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/26/73
7/27/73
7/30/73
I 7/31/73
f 12/31/68
7/07/71
1 7/14/71
< 4/27/72
7/09/73
7/16/73
L 7/19/73
7/02/73
7/09/73
7/16/73
7/19/73
7/08/80
7/15/80
10/24/74
6.55
6.20
6.20
6.20
6.20
6.20
6.20
6.25
6.15
7.30
7.25
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.15
8.15
8.15
8.35
6.00
6.45
6.30
4.60
7.20
7.30
8.10
5/2/73
5/7/73
5/9/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
6/6/73
6/6/73
6/7/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/27/73
7/30/73
7/31/73
8/1/73
8/2/73
8/2/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/23/73
9/6/73
9/6/73
9/7/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/29/73
10/30/73
10/31/73
11/1/73
11/2/73
11/2/73
6.30
6.30
6.15
6.15
6.15
6.20
6.20
6.45
7.15
7.15
7.15
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.15
8.15
8.15
8.35
8.35
8.35
8.35
<
Aug..............
Maturity
date
Certificates of indebtedness <
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
8/14/73
9/20/73
9/26/73
10/05/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/26/73
10/29/73
10/30/73
10/31/73
Amount
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
14
55
16
Retired
Total outstanding
end of month
44
250
70
11
25
40
50
25
261
489
15
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
> 26.420
_
_
100
200
200
175
_
55
413
105
1,170
70
15
65
30
135
109
89
2
20
3
30
8
17
7
5
1
3
14
1
8
16
6
5
18
1
24
53
3
14
16
1
>
26,159
January 1975
47
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
.Issued to Official Institutions of Foreign Countries —Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Securities
Notes
1973-Sept.
Certificates of indebtednest
Notes
Certificates of indebtedness
Oct.
Notes
Issue
date
Maturity
date
Amount
Interest
rate
(Percent)
Issued
Retired
_
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/22/73
8/23/73
8/23/73
8/29/73
8/31/73
5/25/72
11/7/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/23/73
11/23/73
11/23/73
11/29/73
11/30/73
8/23/73
8.50
8.50
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.70
8.70
413
105
1,170
70
15
65
45
8
30
1
472
4.67
6/06/73
6/06/73
6/07/73
6/20/73
6/26/73
6/29/73
8/09/73
8/29/73
9/06/73
9/06/73
9/06/73
9/06/73
9/07/73
9/10/73
9/19/73
9/20/73
9/20/73
9/24/73
9/24/73
9/25/73
9/25/73
9/26/73
9/26/73
9/27/73
9/28/73
9/28/73
6/22/72
9/06/73
9/06/73
9/07/73
9/20/73
9/26/73
9/28/73
11/09/73
11/29/73
in/09/73
12/06/73
12/06/73
3/06/74
12/07/73
12/10/73
12/19/73
12/20/73
12/20/73
12/21/73
12/21/73
12/27/73
12/27/73
12/26/73
12/28/73
12/27/73
12/28/73
12/28/73
7.15
7.15
7.15
7.30
7.25
7.25
8.50
8.70
8.80
8.80
8.80
8.75
8.80
8.80
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.35
7.35
_
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/26/73
7/31/73
8/09/73
8/23/73
9/06/73
9/07/73
9/19/73
9/20/73
9/24/73
9/25/73
9/26/73
9/28/73
9/28/73
10/01/73
10/02/73
10/02/73
10/09/73
10/09/73
10/12/73
10/17/73
10/1*7/73
10/18/73
10/19/73
10/19/73
10/25/73
10/26/73
10/31/73
9/20/73
10/05/73
10/17/73
10/17/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/26/73
• 10/31/73
11/09/73
11/23/73
10/09/73
12/07/73
12/19/73
12/20/73
12/21/73
12/27/73
12/26/73
12/28/73
12/28/73
12/31/73
1/02/74
1/02/74
■ 1/09/74
1/09/74
1/11/74
1/17/74
1/17/74
1/18/74
1/18/74
1/18/74
1/25/74
1/25/74
1/31/74
7/20/72
10/01/73
10/18/73
10/18/73
12/19/74
1/23/75
*
Total outstanding
end of month
-
4.95
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.35
8.50
8.95
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.15
7.15
7.35
7.35
7.35
7.20
7.20
7.20
7.20
7.20
6.95
6.95
7.20
158
2,533
158
158
100
4
31
200
10
87
46
66
27
901
73
92
4
664
58
104
215
158
95
21
45
250
11
50
31
3
25
417
5.00
7.50
7.10
50
200
-
8
_
_
45
8
_
150
2,503
466
100
200
885
652
38
1
4
200
44
70
250
11
25
9
50
31
25
261
19
30
158
100
31
10
46
66
150
4
300
_
21
-
50
14
3
200
-
) 26,175
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficia l Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
1973-Nov.
Securities
( Certificates of indebtedness
Notes
Certificates of indebtedness
Dec.
Notes
Certificates of indebtedness
1974-Jan.
Notes
Issue
date
5/9/73
5/14/73
5/17/73
5/30/73
6/6/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/31/73
9/6/73
9/6/73
9/26/73
9/26/73
9/28/73
10/19/73
11/2/73
11/7/73
11/9/73
11/9/73
11/9/73
11/14/73
11/14/73
11/14/73
11/16/73
11/16/73
11/16/73
11/30/73
11/30/73
11/30/73
11/30/73
8/24/72
11/29/73
9/20/73
9/24/73
9/25/73
9/26/73
9/27/73
10/1/73
12/20/73
12/21/73
12/27/73
12/27/73
12/28/73
12/31/73
2/2/72
9/21/72
12/27/73
10/2/73
10/2/73
10/9/73
10/9/73
10/17/73
10/17/73
10/18/73
10/19/73
10/26/73
10/31/73
12/20/73
12/27/73
12/31/73
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/18/74
1/25/74
1/31/74
10/26/72
1/24/74
11/2/73
11/7/73
11/9/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
Maturity
date
Interest
rate
(Percent)
11/9/73
11/14/73
11/16/73
11/30/73
12/6/73
11/2/73
11/7/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/30/73
12/6/73
12/6/73
12/26/73
12/26/73
12/28/73
1/28/74
2/1/74
2/7/74
2/8/74
2/8/74
5/9/74
5/14/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
5/30/74
5/30/74
6.45
6.45
6.45
6.90
7.25
8.35
8.50
8.50
9.00
9.00
9.00
9.00
8.70
8.80
8.80
7.35
7.35
7.35
7.20
7.20
8.10
8.10
8.10
8.00
8.40
8.65
8.65
8.65
8.65
8.65
7.70
7.70
7.70
7.70
2/28/74
12/19/74
12/20/73
12/21/73
12/27/73
12/28/73
12/27/73
12/31/73
3/20/74
3/21/74
3/27/74
3/27/74
3/28/74
4/1/74
5.50
7.20
8.80
12/3/73
12/27/73
1/9/75
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/17/74
1/18/74
1/18/74
1/25/74
1/31/74
3/20/74
3/27/74
4/1/74
4/2/74
4/2/74
4/9/74
4/9/74
4/17/74
4/18/74
4/25/74
5/1/74
1/24/74
4/24/75
2/1/74
2/7/74
2/8/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
8.80
7.35
7.35
7.35
7.35
7.40
7.40
7.35
7.35
7.35
7.40
4.80
5.60
7.12
7.15
7.15
7.35
7.35
7.20
7.20
7.20
7.20
6.95
7.20
7.40
7.35
7.40
7.40
7.40
7.65
7.65
8.00
8.00
8.00
7.80
5.60
7.35
7.20
8.10
8.10
8.10
8.65
8.65
8.65
8.65
Amount
Issued
_
_
_
_
55
413
40
33
1,480
1,500
1,170
70
65
15
626
472
2,533
20
158
_
200
Retiree
1,480
1,500
706
100
20
55
413
40
1,170
70
65
15
472
2,533
158150
601
364
10
_
_
-
426
_
_
_
-
200
_
200
_
86
26
73
92
58
-
_
-
204
88
26
92
73
59
_
_
200
_
_
_
_
_
_
_
_
_
_
_
_
_
106
215
158
95
180
7
25
123
_
200
_
_
_
_
_
_
> 24,477
_
-
_
Total outstanding
end of month
_
-
22
200
-
104
215
158
95
250
45
11
7
25
417
30
92
59
106
_
_
_
_
_
200
-
55
413
40
33
70
1,170
65
200
/
24,461
49
January 19 75
.PUBLIC DEBT OPERATIONS
Table PDO-8. -Foreign Series Securities (Nonm arketable)
I s s ued to Of f i c i a l I n s t i t u t i o n s o f For ei gn C o u n t r i e s - C o n t i n u e d
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
1974-Feb.
Securities
(Certificates of indebtedness
Certificates of indebtedness
Apr.
Certificates of indebtedness
Issue
date
11/16/73
11/30/73
11/30/73
12/28/73
2/1/74
2/7/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
2/28/74
2/28/74
2/15/74
2/28/74
2/28/74
3/28/74
5/2/74
5/7/74
5/8/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/28/74
5/28/74
8.65
7.70
7.70
7.35
7.80
6.95
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.10
7.20
7.20
' 9/6/73
12/20/73
12/21/73
12/27/73
12/28/73
1/9/74
2/7/74
2/14/74
3/1/74
3/6/74
3/12/74
3/13/74
3/18/74
3/21/74
3/22/74
3/25/74
. 3/26/74
1/02/74
1/09/74
1/17/74
1/18/74
1/25/74
4/01/74
4/02/74
4/08/74
4/09/74
4/09/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
4/26/74
4/30/74
3/6/74
3/20/74
3/21/74
3/27/74
3/28/74
4/9/74
5/7/74
5/14/74
5/31/74
6/6/74
6/12/74
6/13/74
6/18/74
6/21/74
6/21/74
6/25/74
6/26/74
4/02/74
4/09/74
4/17/74
4/18/74
4/25/74
7/01/74
7/02/74
7/08/74
7/09/74
10/09/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/30/74
8.75
7.40
7.40
7.35
7.35
7.65
6.95
7.10
7.20
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
7.40
7.65
8.00
8.00
8.00
8.30
8.35
8.35
8.65
8.40
8.05
8.05
8.05
8.05
7.85
7.85
7.85
8.90
1/25/73
4/25/74
4/25/74
7/24/75
5/09/74
5/14/74
5/30/74
5/01/74
5/02/74
5/08/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/31/74
8/01/74
8/02/74
8/02/74
8/08/74
6/20/74
6/27/74
7/05/74
7/11/74
7/18/74
7/25/74
8/01/74
8/08/74
7/15/74
8/12/74
9/16/74
8/14/74
8/14/74
8/15/74
8/15/74
C
May.
\ Certificates of indebtedness
Interest
rate
(Percent)
Maturity
date
'11/09/73
11/14/73
11/30/73
1/31/74
2/01/74
2/08/74
2/14/74
2/14/74
2/15/74
.2/15/74
'2/15/74
2/28/74
2/28/74
3/01/74
5/01/74
5/02/74
5/02/74
5/08/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/14/74
5/14/74
5/14/74
5/15/74
5/15/74
5/14/74
5/15/74
'
5.93
8.40
8.00
8.40
7.70
7.80
7.80
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.20
7.20
8.90
8.90
8.90
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
8.05
8.05
•8.05
8.05
8.05
8.05
8.05
Amount
Issued
-
55
421
40
70
1,196
65
204
15
80
80
3,000
14
_
_
-
77
165
12
21
486
87
68
49
10
_
_
_
_
62
219
12
79
79
180
7
167
150
25
50
17
23
_
200
_
-
_
_
_
_
_
_
_
_
_
_
_
_
123
160
55
40
200
200
200
200
200
200
200
100
890
890
890
70
65
208
15
Retired
15
158
3,005
10
Total outstanding
end of month
> 23,762
-
158
174
88
26
63
95
421
106
4
) 23,602
-
215
158
180
7
25
_
_
_
_
_
_
_
_
_
_
_
_
-
200
-
1,480
1,500
20
123
55
40
1,090
70
65
204
15
3,014
80
73
_
_
_
_
_
_
_
_
_
_
_
-
>24,400
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficia l In stitu tion s of Foreign C ountries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
Securities
Notes
Certificates of indebtedness
1974-June.
Notes
Certificates of indebtedness
July.
Notes
Issue
date
Maturity
date
Interest
rate
(Percent)
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/30/74
5/31/74
7/29/74
8/08/74
8/15/74
8/22/74
8/28/74
9/30/74
9/30/74
12/02/74
8/30/74
7.60
7.70
7.65
7.75
8.00
7.85
7.85
8.20
8.00
2/22/73
5/23/74
3/6/74
3/12/74
3/13/74
3/18/74
3/21/74
3/22/74
3/25/74
3/26/74
4/1/74
4/8/74
4/26/74
4/30/74
5/9/74
5/9/74
5/28/74
5/28/74
6/6/74
6/6/74
6/10/74
6/12/74
6/13/74
6/21/74
6/25/74
6/26/74
6/25/71
3/22/73
3/29/73
6/5/74
6/25/74
6/27/74
5/23/74
8/28/75
6.15
8.30
6/6/74
6/12/74
6/13/74
6/4/74
6/21/74
6/21/74
6/25/74
6/26/74
7/1/74
7/8/74
7/26/74
7/30/74
6/20/74
6/27/74
7/29/74
8/28/74
11/6/74
12/6/74
9/10/74
9/12/74
9/13/74
9/20/74
9/25/74
9/26/74
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
8.30
8.35
7.85
8.90
9.05
9.05
7.60
8.00
8.10
8.45
8.30
8.30
8.30
8.20
7.85
7.85
6/25/74
6/27/74
6/27/74
6/5/81
6/25/81
10/2/75
6.45
7.00
6.80
2.50
7.90
8.40
4/1/74
4/2/74
4/9/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
5/9/74
5/9/74
5/9/74
5/9/74
5/14/74
5/28/74
5/31/74
6/13/74
6/21/74
6/25/74
7/1/74
7/2/74
7/9/74
7/15/74
7/16/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/29/74
7/31/74
4/26/71
7/7/71
7/14/71
7/8/74
7/15/74
7/25/74
7/1/74
7/2/74
7/9/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/5/74
7/11/74
7/18/74
7/25/74
7/15/74
7/29/74
8/30/74
9/13/74
9/20/74
9/25/74
10/1/74
10/2/74
1/9/75
10/15/74
10/17/74
10/17/74
10/18/74
10/18/74
10/21/74
10/25/74
10/25/74
10/25/74
10/29/74
8/2/74
7/25/74
7/8/74
7/15/74
7/8/81
7/15/81
10/30/75
8.30
8.35
8.65
8.05
8.05
8.05
8.05
7.85
7.85
9.05
9.05
9.05
9.05
8.05
7.60
8.00
8.30
8.20
7.85
7.85
7.80
8.35
7.90
7.55
7.70
7.70
7.70
7.70
7.60
7.60
7.60
7.60
7.70
6.75
6.65
6.60
8.25
8.25
8.10
Amount
Issued
Retired
850
100
200
200
864
850
80
20
73
_
300
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
82
82
17
12
21
155
49
10
_
_
_
445
600
300
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
48
219
79
890
250
180
170
7
150
50
25
2
409
132
_
_
_
200
200
275
Total outstanding
end of month
_
_
_
_
_
_
_
300
165
12
21
486
87
68
49
10
14
12
17
23
200
200
441
14
>
^
23,412
_
17
12
_
4
10
600
100
200
_
_
48
219
79
180
167
7
150
50
25
200
200
200
200
890
409
9
21
68
49
48
_
_
_
_
_
_
_
_
2
_
275
200
200
_
_
>
>
22,802
January 7975
__________ ;________________________________PUBLIC DEBT OPERATIONS______________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficial Institutions o f Foreign Countries—Continued
(Payable in U.S. Dollars: dollar amounts in millions)
Month of
Activity
r
1974-Aug..............
Certificates of indebtedness
Notes
r
Sept..............('Certificates of indebtedness
Notes
<
Oct..............
Issue
date
Securities
(Certificates of indebtedness
Notes
Maturity
date
Interest
rate
(Percent)
f 2/28/74
5/01/74
5/02/74
5/02/74
5/08/74
5/09/74
5/09/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/28/74
5/28/74
5/31/74
7/31/74
8/01/74
8/02/74
8/08/74
8/12/74
8/13/74
• 8/13/74
8/13/74
8/13/74
8/14/74
8/14/74
8/15/74
8/15/74
8/28/74
^ 8/28/74
8/28/74
8/01/74
8/02/74
8/02/74
8/08/74
8/01/74
8/08/74
8/12/74
8/14/74
8/14/74
8/15/74
8/15/74
8/08/74
8/15/74
8/22/74
8/28/74
8/30/74
8/02/74
11/01/74
11/04/74
11/08/74
11/12/74
11/13/74
11/13/74
11/13/74
11/13/74
11/14/74
11/14/74
11/15/74
11/15/74
11/27/74
1/28/75
f
5/24/73
8/22/74
8/22/74
11/28/75
7.10
8.90
8.90
8.90
9.05
9.05
9.05
8.05
8.05
8.05
8.05
8.05
7.70
7.65
7.75
8.00
8.00
7.70
7.70
7.70
8.50
8.50
8.80
8.80
8.80
8.80
8.80
8.80
8.80
8.80
9.90
9.40
7.00
8.90
f 5/l4/?4
5/28/74
5/28/74
6/21/74
7/02/74
7/15/74
7/29/74
< 8/01/74
9/05/74
9A6/74
9/20/74
^ 9/30/74
9/16/74
9/30/74
9/30/74
9/20/74
10/02/74
10/15/74
10/29/74
11/01/74
3/06/75
12/16/74
12/20/74
10/31/74
8.05
7.85
7.85
8.20
7.80
7.90
7.60
7.70
9.88
9.10
8.20
6.10
f
6/21/73
9/19/74
9/19/74
12/18/75
f 4/09/74
7/15/74
7/16/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
9/05/74
9/30/74
10/09/74
10/09/74
10/11/74
10/15/74
10/15/74
10/17/74
< 10/17/74
10/18/74
10/18/74
10/18/74
10/18/74
10/18/74
10/21/74
10/21/74
10/22/74
10/24/74
10/24/74
10/25/74
10/25/74
10/29/74
10/31/74
10/09/74
10/15/74
10/17/74
10/17/74
10/18/74
10/18/74
10/21/74
10/25/74
10/25/74
3/06/75
10/31/74
4/09/75
12/04/74
1/10/75
1/15/75
1/15/75
1/17/75
1/17/75
12/04/74
1/06/75
1/15/75
1/] 7/75
1/17/75
1/21/75
1/23/75
1/23/75
10/30/74
10/30/74
1/24/75
1/24/75
1/15/75
4/30/75
7.10
8.35
8.40
7.90
7.55
7.70
7.70
7.70
7.70
7.60
7.60
9.88
6.10
7.75
6.40
6.70
7.75
7.75
7.75
7.75
6.95
7.70
7.70
7.75
7.75
7.75
7.60
7.45
8.55
8.55
7.55
7.55
7.90
7.90
f 7/19/73
10/24/74
10/01/81
1/29/76
8.10
2.50
7.80
1
[
( 10/01/74
| 10/24/74
Amount
Issued
_
_
_
_
_
_
_
_
_
_
_
-
-
73
55
40
890
2
_
_
5
70
65
212
15
850
80
_
240
_
_
_
_
_
_
_
2,000
890
60
80
_
200
_
_
_
_
_
_
_
_
_
_
_
79
2
78
16
441
180
6
2
1
3
7
174
150
132
100
2
_
25
4
5
80
_
212
175
Retired
80
123
55
160
40
200
100
890
70
65
208
15
100
200
200
850
65
132
Total outstanding
end of month
>
\
oi /Lr\r\
^
21,577
)
21,544
-
_
_
_
_
2
5
_
_
_
_
_
-
240
890
850
80
83
219
449
409
73
_
_
-
200
-
>
79
441
250
180
7
170
150
25
50
300
80
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
2
_
_
_
-
175
_
/
52
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
T a b l e P DO- 8 . - For ei gn Series S e c ur i t i e s ( No nma r ke t a b l e )
I s s u e d to O f f i c i a l I n s t i t u t i o n s o f F o r e i g n C o u n t r i e s —C o n t i n u e d
(Payable in U.S. Dollars: dollar amounts in millions)
Month of
Activity
1974-Nov.
Securities
(Certificates of Indebtedness
(Certificates of Indebtedness
Source: Bureau of the Public Debt.
* Less than $500,000.
Maturity
date
Interest
rate
(Percent)
6-06-74
8-02-74
8-08-74
8-12-74
8-14-74
8-15-74
8-15-74
8-28-74
9-05-74
9-05-74
9-05-74
11-04-74
11-04-74
11-06-74
11-08-74
11-12-74
11-12-74
11-12-74
11-12-74
11-12-74
11-12-74
11-14-74
11-15-74
11-15-74
11-18-74
11-20-74
11-20-74
11-20-74
11-20-74
11-20-74
11-20-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-22-74
11-26-74
11-27-74
11-27-74
5-30-74
6-06-74
9-16-74
9-20-74
10-09-74
10-11-74
10-15-74
10-17-74
10-18-74
10-25-74
11-20-74
11-20-74
11-21-74
12-02-74
12-06-74
12-16-74
12-19-74
12-19-74
12-19-74
12-19-74
12-19-74
12-19-74
12-19-74
12-31-74
12-31-74-
11-06-74
11-04-74
11-08-74
11-12-74
11-14-74
11-15-74
11-15-74
11-27-74
3-06-75
3-06-75
3-06-75
2-04-75
2-15-75
3-06-75
2-07-75
2-11-75
2-11-75
2-11-75
2-11-75
2-11-75
2-11-75
2-14-75
2-13-75
2-14-75
2-18-75
1-15-75
2-20-75
2-20-75
2-20-75
2-20-75
2-20-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-26-75
2-27-75
2-27-75
12-02-74
12-06-74
12-16-74
12-20-74
12-04-74
1-10-75
1-15-75
1-17-75
12-04-74
1-24-75
2-20-75
2-20-75
2-21-75
6-02-75
6-05-75
3-17-75
3-19-75
3-19-75
3-19-75
3-19-75
3-19-75
3-19-75
3-19-75
4-01-75
4-01-75
8.10
7.70
8.50
8.50
8.80
8.80
8.80
9.90
9.88
9.88
9.88
7.90
7.70
7.65
7.90
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.25
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.35
7.35
7.35
8.20
8.45
9.10
8.20
6.40
6.70
7.75
7.75
6.95
7.55
7.55
7.55
7.55
7.40
7.25
7.20
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.15
7.15
10-01-73
11-29-73
12-19-74
12-19-74
12-19-74
12-19-74
8-15-77
11-15-77
7.50
7.20
7.75
7.75
Issue
date
Amount
Issued
_
_
_
_
_
_
_
55
5
82
40
6
26
2
890
_
-
135
216
15
40
*
1
10
400
_
_
Retired
82
55
40
890
135
15
212
850
200
200
200
_
_
_
_
_
_
_
6
2
_
_
_
_
_
_
1
4
_
_
5
3
5
5
1
_
_
_
16
13
13
850
_
_
_
_
_
_
_
_
_
_
_
_
_
20
82
890
3
19
6
13
_
_
_
15
3
_
_
150
100
>21,525
_
57
12
8
_
Total outstanding
end of month
_
_
_
_
-
20
82
890
60
2
24
16
6
2
4
7
200
34
_
_
_
_
_
_
6
3
6
_
50
200
_
-
>21,214
January 1975
53
PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to O fficia l In stitu tion s of Foreign C ountries
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Month of
activity
1972-July,
Aug.,
Payable
in —
Securities
{
Issue
date
Maturity
date
Interest
rate
(percent)
Issued
111
1/21/72
7/21/72
7/3/67
7/21/72
1/19/73
7/3/72
3.50
4.375
5.28
114
Notes
/ Swiss francs
^ Swiss francs
German marks
Certificates of indebtedness
f Swiss francs
l Swiss francs
2/4/72
8/4/72
8/4/72
2/2/73
3.625
4.25
57
Certificates of indebtedness
56
28
Notes
Swiss francs
Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
Oct.,
Notes
j German marks
/ Swiss francs
| Swiss francs
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
francs
francs
francs
francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
| German marks
I Swiss francs
I Swiss francs
Swiss francs
Swiss francs
6/24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
285
26
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
114
francs
francs
francs
francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
I Swiss francs
! Swiss francs
8/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
German marks
8/19/69
2/19/73
3.05
f Swiss francs
3/9/73
6/7/74
4.80
6.625
129
Notes
Dec..
Certificates of indebtedness
1973-Jan.
C Swiss
/ Swiss
A Swiss
V.Swiss
Certificates of indebtedness
Notes
153
275
26
1,710
114
11 /
33
43
1,713
57
1,561
154
111
(Swiss francs
\ Swiss francs
1/19/73
2/2/73
7/19/73
8/2/73
5.25
5.75
10
5
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
19
46
4
4
3
6
3
3
26
2
3
4
Notes
CSwiss francs
) Swiss francs
\ Swiss francs
LSwiss francs
1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
29
170
Certificates of indebtedness
t
1/19/73
7/19/73
7/19/73
1/18/74
5.25
6.125
127
2/2/73
8/2/73
5.75
62
8/27/71
5/18/72
5/30/72
8/2/73
8/20/73
8/27/73
8/30/73
8/27/73
8/20/73
8/30/73
11/1/74
11/20/74
11/27/74
11/29/74
5.67
4.77
4.55
8.70
8.25
8.125
8.20
391
37
383
3/3/72
10/2/73
2.051
9/1/72
11/30/73
11/30/73
2/28/75
5.50
6.98
33
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
67
Swiss francs
Swiss francs
Swiss francs
Swiss francs
( Swiss francs
Swiss francs
Swiss francs
Swiss francs
Aug.
Oct.
Notes
Nov.
Notes
(
Certificates of indebtedness
JSwiss francs
|Swiss francs
1974-Jan.
1,852
29
32
Certificates of Indebtedness 2/
Certificates of indebtedness
German marks
Swiss francs
Swiss francs
ISwiss francs
\jSwiss francs
2,001
28
31
I Swiss francs
Swiss francs
Swiss francs
2,000
1,850
Notes
Notes 2/
1,999
153
57
12/9/71
3/9/73
Apr.
July.
C Swiss
/ Swiss
| Swiss
vSwiss
Total outstanding
end of month
76
Sept
Nov..
Retired
1,578
1,743
25
148
124
1,746
1,758
64
38
400
38
172
32
127
1,588
65
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
T able PDO-9. - Foreign C urrency Series Securities {N onm arketable)
Issued to O fficia l Institutions o f Foreign C o u n trie s—C o n tin u e d
(Dollar amounts in millions)
Month of
activity
Payable
in —
Securities
f Swiss francs
1974-Feb.
Notes
Apr.
June.
Notes
Certificates of indebtednes
July.
Notes
Issue
date
Maturity
date
Amount
(Dollar equivalent)
Interest
rate
(percent)
Total outstanding
end of month
\ Swiss francs
Swiss francs
11/06/72
11/20/72
2/06/74
2/20/74
2/06/74
2/20/74
5/06/75
5/20/75
5.40
5.25
6.60
6.60
33
36
f
)
\
V
318
30
J Swiss francs
32
35
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
12-11-72
12-13-72
3-11-74
3-13-74
3-H/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
5.70
5.70
6.00
8.40
8.40
8.60
24
15
50
Swiss francs
Swiss francs
3-09-73
6-07-74
6-07-74
9-08-75
6.625
8.35
129
Swiss francs
Swiss francs
1-18-74
7_18_74
7-18-74
1-20-75
8.05
7.90
127
29
170
'Swiss
Swiss
Swiss
^Swiss
francs
francs
francs
francs
4-05-73
4-17-73
7-05-74
7-17-74
7-05-74
7-17-74
10-06-75
10-17-75
6.93
6.70
8.55
8.40
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
11-26-75
3-01-76
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
Source: Bureau of the Public Debt.
1/ The principal amount of this note was increased $1 million to compen
sate for a lower interest cost than was anticipated when the note was
1,589
311
29
1,597
23
14
49
1,599
129
1,599
127
29
170
64
38
400
38
64
38
400
38
1,599
)
1,599
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
January 1975
55
U N I T E D S T A T E S S A V IN G S B O N D S
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 1941,
interest yields,
sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
Series
through April 30,
from May 1, 1941
1941.
through April
Series J and K were sold from May 1, 1952
through
Details of the principal changes in issues,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 1968,
and
Report of the Secretary of
the Treasury for fiscal years 1966 through 1973.
T a b le SB -1. - S a le s and R e d e m p tio n s by S e r ie s , C u m u la tiv e th ro u g h D ecem ber 31, 1974
(In millions of dollars)
Amount outstanding
Sales
Series
Series
Series
Series
Series
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Interestbearing debt
A-D 2/................
E and H...............
F and G...............
J and K...............
3,949
175,659
28,395
3,556
1,054
41,694
1,125
198
5,003
217,353
29,521
3,754
4,999
154,004
29,503
3,749
63,349
Total A-K...................
211,559
44,071
255,630
192,254
63,349
MUTUmi
noninterestbearing debt
-
-
4
-
17
•5
2b
T a b le S B -2 . - S a le s and R e d e m p tio n s b y P e r io d s , A ll S e r ie s C o m b in e d
(In millions of dollars)
Amount outstanding
Redemptions 1/
Matured
noninterestbearing debt
Sales l/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
Price 2/
Accrued
discount 2/
Interestbearing debt
fiscal years:
1935-64.........
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
156,519
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,940
6,514
6,429
22,727
1,517
1,554
1,626
1,735
1,789
1,841
2,056
2,310
2,564
2,749
179,246
6,060
6,204
6,592
6,473
6,338
6,291
7,138
8,249
9,078
9,178
129,807
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
117,782
4,488
4,792
4,971
4,978
5,237
5,508
4,342
4,306
4,494
5,366
12,025
858
932
951
1,003
1,102
1,240
1,083
1,032
1,092
1,314
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
61,921
139
110
95
88
82
82
55
46
39
34
29
Calendar years;
1935-63.........
1964............
1965............
1966............
1967............
1968............
1969............
1970.... .........
1971............
1972............
1973............
Mbn?Z£:...........
1973-Dec........
154,106
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
21,974
1,508
1,527
1,591
1,686
1,759
1,832
1,909
2,192
2,426
2,673
2,994
176,080
6,117
6,013
6,451
6,584
6,455
6,224
6,574
7,669
8,662
8,943
9,856
127,051
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,211
6,829
115,431
4,445
4,552
5,043
4,842
5,094
5,457
5,072
4,224
4,322
4,945
5,476
11,621
807
889
957
951
1,040
1,182
1,223
1,021
1,043
1,266
1,354
48,827
49,734
50,324
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
201.
158
141
I64
126
112
64
50
42
37
31
26
142
242
321
72
60,317
31
721
567
587
589
583
636
251
222
227
235
214
242
384
972
789
814
824
797
878
393
1974-Jan........
Feb........
Mar........
Apr........
May........
June.......
793
488
515
541
520
616
652
378
411
432
414
496
60,497
60,789
61,097
61,381
61,658
61,921
31
30
30
30
30
29
July........
541
Aug........
574
509
Sept.......
558
Oct........
550
Nov........
447
Dec........
Footnotes at end of Table SB-4*
312
247
259
265
242
279
853
821
768
822
792
726
592
666
574
543
461
523
474
533
458
436
367
425
141
111
104
109
106
119
117
132
116
107
94
98
62,183
62,339
62,533
62,811
63,144
63,349
29
28
28
29
28
26
Period
.
56
Treasury Bulletin
_______________________________________ UNITED STA TE S SAVINGS BO ND S--------------------------------------------------------T able SB-3. Sales and Redem ptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
noninterestbearing debt
Series E and H combined
Fiscal years:
1941-64............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
Calendar years:
1941-63............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
120,619
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,514
6,429
20,389
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,.749
141,008
6,045
6,192
6,584
6,470
6,337
6,291
7,138
8,249
9,078
9,178
93,271
4,987
5,305
5,449
5,715
6,198
6,721
5,416
5,331
5,581
6,675
83,359
4,154
4,408
4,536
4,739
5,112
5,484
4,334
4,294
4,490
5,361
9,912
833
897
913
976
1,086
1,237
1,082
1,037
1,091
1,314
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
55,921
59,418
61,921
-
118,206
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,944
137,851
6,101
6,000
6,440
6,578
6,452'
6,224
6,574
7,669
8,662
8,943
9,856
90,744
4,841
5,117
5,477
5,439
5,915
6,565
6,281
5,237
5,359
6,206
6,824
81,244
4,061
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,311
4,972
5,471
9,499
780
863
916
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
47.,106
48,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
61,921
-
1973-Dec...........
142
242
60,317
1974-Jan.......... .
Feb...........
Mar...........
393
792
488
514
541
519
615
72
251
222
227
235
214
242
384
972
789
814
824
797
878
321
721
567
587
589
583
636
651
377
411
432
414
496
60,497
60,798
61,097
61,381
61,658
61,921
-
541
574
509
558
550
447
312
247
259
265
242
279
853
821
768
822
792
726
591
666
574
544
460
521
474
533
458
437
366
423
141
111
104
109
106
119
117
132
116
107
94
98
62,183
62,339
62,533
62,811
63,144
63,349
-
..........
May...........
June..........
July..........
Aug...........
Sept..........
■
-
Series F, G, J, and K combined
Fiscal years:
1941-64............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971........ -.....
1972..............
1973..............
1974..............
Calendar years:
1941-63............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972.............
1973....... ~.......
1974..............
Months:
31,951
_
_
_
_
_
_
_
_
-
1,284
15
12
8
4
1
_
-
33,235
15
12
8
4
1
_
-
31,736 5/6/7/8/
358 2/
418 2/
472
266
140
27
8
6
5
5
30,373
333
384
434
239
124
24
7
5
4
4
1,172
24
35
38
27
16
3
1
1
1
1
1,563
1,248
856
397
140
-
127
99
86
80
75
76
49
41
34
30
25
31,951
_
_
_
_
_
_
_
-
1,274
16
14
10
6
2
*
_
-
33,226
16
14
10
6
2
*
-
31,317 0/&/2/&/
410 8/ 2/
323 2/
522
•353
218
74
.13
7
5
5
5
30,161
383
297
481
322
195
65
11
6
5
4
4
1,157
27
26
40
32
23
9
2
1
1
1
1
3,757
1,368
1,075
540
229
27
—
504
147
131
155
118
105
58
44
37
32
27
22
_
_
_
_
_
_
-
•*
*
■*
*
*
*
*
*
-
27
*
*
■*
■*
*
1
*
1
-1
1
2
1973-Dec...........
1974-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
July..........
Aug...........
Oct...........
Nov...........
Dec........
Footnotes at end of Table SB-4.
_
_
_
_
_
*
*
-
_
-
■*
*
-
*
*
*
*
*
*
1
*
1
-1
1
2
*
■*
*
*
*
1
..... '
27
26
26
26
25
25
25
24
24
25
24
22
January 1975
57
_________________________________________ U N IT E D S T A T E S S A V IN G S B O N D S ----------------------------------------------------------------T a b le S B -3 . - S a le s and R e d e m p tio n s b y P e r io d s , S e r ie s E t h r o u g h K —C o n t in u e d
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Total
Sales
price 2/
Accrued
discount 2/
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal year:
1941-64.............
1965................
1966................
1967................
1968................
1969................
1970................
1971................
1972................
1973................
1974................
Calendar years:
1941-63.............
1964................
1965................
1966................
1967................
1968................
1969................
1970................
1971................
1972................
1973................
1974................
Months:
1973-Dec.............
111,750
4,112
4,246
4,599
4,466
4,343
4,289
4,870
5,650
6,190
6,145
20,389
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749-
132,139
5,614
5,787
6,217
6,196
6,131
6,130
6,926
7,960
8,755
8,894
90,943
4,538
4,801
4,895
5,154
5,548
5,959
4,959
4,972
5,209
6,156
81,031
3,705
3,904
3,982
4,178
4,462
4,772
3,877
3,932
4,118
4,842
9,912
833
897
913
976
1,086
1,237
1,082
1,037
1,091
1,314
1,006
188
212
216
196
I84
210
231
292
338
310
40,190
41,078
41,853
42,959
43,805
44,205
44,167
45,902
48,598
51,806
54,234
109,602
4,132
4,092
4,450
4,574
4,452
4,221
4,503
5,218
5,922
5,988
6,524
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
129,247
5,623
5,606
6,031
6,255
6,209
6,052
6,412
7,411
8,348
8,661
9,518
88,610
4,425
4,650
4,913
4,941
5,300
5,835
5,626
4,871
5,007
5,740
6,318
79,110
3,646
3,787
3,997
4,022
4,283
4,661
4,405
3,851
3,958
4,507
4,965
9,499
780
863
916
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
897
198
190
224
207
191
180
228
249
329
319
310
39,740
40,739
41,504
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
52,723
130
242
372
361
289
72
1974-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June............
685
535
556
564
559
608
251
222
227
235
214
242
936
757
784
799
773
850
740
451
476
500
480
569
599
341
372
392
375
449
141
111
104
109
106
119
15
37
26
29
27
24
26
July............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
516
538
491
515
524
433
312
247
259
265
242
279
828
785
750
780
766
712
546
615
526
500
424
491
428
483
411
392
331
393
117
132
116
107
94
98
27
24
22
26
20
21
52,881
53,161
53,439
53,710
53,979
54,234
54,490
54,837
54,837
55,091
55,412
55,613
-
1,006
188
212
216
196
I84
210
231
292
338
310
7,546
7,716
7,829
7,858
7,766
7,506
7,114
7,101
7,323
7,612
7,686
_
897
198
190
224
207
191
180
228
249
329
319
310
7,367
7,627
7,744
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
15
37
26
29
27
24
26
7,594
7,615
7,637
7,658
7,670
7,679
7,686
27
24
22
26
20
21
7,692
7,703
7,696
7,720
7,732
7,736
Series H
Fiscal years:
1952-64.............
1965................
1966................
1967................
1968................
1969................
1970................
1971................
1972................
1973................
1974................
Calendar years:
1952-63.............
1964................
1965................
1966................
1967................
1968................
1969................
1970................
1971................
1972................
1973................
1974................
Months:
1973-Dec.............
1974-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June............
_
-
8,869
431
404
367
273
207
160
212
289
322
284
2,329
449
504
553
561
650
762
457
359
372
519
2,329
449
504
553
561,
650
762
457
359
372
519
_
_
8,603
477
394
410
324
244
172
162
259
314
282
338
2,134
416
467
564
497
615
730
655
366
353
465
506
2,134
416
467
564
497
615
730
655
366
353
465
506 -
12
_
12
37
32
30
25
23
28
_
-
37
32
30
25
23
28
32
52
37
39
40
39
46
32
52
37
39
40
39
46
25
36
18
42
27
14
46
50
47
44
35
30
46
50
47
44
35
30
8,869
431
404
367
273
207
160
212
289
322
284
8,603
477
394
410
324
244
172
162
259
314
282'
338
July............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
Footnotes at end of Table SB-4.
25
36
18
42
27
14
-
-
_
-
_
_
_
-
-
“
58
Treasury Bulletin
__________________________________________ U N IT E D S T A T E S S A V IN G S B O N D S __________________________________________
T a b le S B -4 . - R e d e m p tio n s o f M a tu r e d and U n m a tu r e d S a v in g s B o n d s
(In millions of dollars)
Matured
Period
Total
Total
Series E
and H
Unmatured
Unclassified
10/
Total
Series E
and H
33,322
3,778
4,641
3,358
3,070
2,951
3,088
3,284
'3,300
2,351
3,401
2,566
3,842
3,660
3,317
3,393
3,847
25,119
3,235
3,285
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
2,842
3,660
3,317
3,393
3,847
8,203
543
1,356
283
196
139
140
118
104
79
25
6
_
_
_
_
-
492
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
28,567
3,841
4,520
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
21,477
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
7,090
750
1,075
825
201
175
125
131
111
107
44
13
2
_
_
_
578
22
-449
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
■*
197
197
_
42
*
*
*
*
*
1
_
1
*
-1
*
*
369
291
368
342
314
314
233
382
272
313
381
210
369
291
368
342
314
314
233
382
272
313
381
210
_
_
_
_
-
199
-63
-94
-43
-14
88
Other
Other
Fiscal years:
1951-58.................
1959...................
1960....................
1961...................
1962....................
1963...................
1964...................
1965...................
1966...................
1967...................
1968...................
1969...................
1970...................
1971...................
1972...................
1973-...................
1974...................
55,981
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
22,167
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
10,975
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
11,190
1,625
1,822
940
925
657
304
246
280
412
260
143
29
9
7
5
5
Calendar years:
1951-57.................
1958...................
1959...................
1960...................
1961...................
1962...................
1963...................
1964...................
1965...................
1966...................
1967....................
1968...................
1969...................
1970...................
1971....................
1972...................
1973...................
1974...................
Months:
49,045
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
19,908
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
10,072
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
9,837
1,702
2,268
1,089
922
730
426
282
216
391
345
209
84
15
8
6
3
5
1974-Jan................
Feb................
Mar................
Apr................
May................
June........ ......
394
793
488
515
541
519
616
154
225
260
240
241
220
212
July...............
Aug................
Sept...............
Oct................
Nov............... .
Dec...............
592
666
574
543
461
523
154
225
260
240
241
220
213
187
246
180
237
223
149
1973-Dec................
187
24$
181
238
222
149
6/
7/
8/
9/
6/
6/7/'
7/8/
8/ 9/
9/
_
_
170
38
121
-7
-143
164
'
Source: Monthly Statement of the Public Debt of the U.S.; Office of Market
Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (l)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distribu
tion of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
ij
5/
6/
7/
8/
2/
10/
*
method of distributing redemptions between sales price and accrued
discount'has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4%
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4% marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4% marketable bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8% marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8%
marketable bonds of 1971 and 4% marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
59
January 1975
U N IT E D S T A T E S (SAV IN G S N O T E S
demption
United States savings noteg were on sale May 1, 1967
through J-ane 30, 1970.
and information on investment yields of savings
notes appear in
The notes were eligible for purchase
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1972.
The principal terms and conditions for purchase and re
T a ble SN-1. - S a le s and tR ed e m p tio n s by P e r io d s
(In millions of dollars)
Redemptions 2/
Period
Fiscal vears:
1967.............
1968.............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
Calendar vears:
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
I^bnths:
1973-Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
Nov.........
Dec...........
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
1
201
326
323
11
*
*
*
*
12
25
33
28
29
35
1
201
338
347
44
28
29
35
*
*
35
111
167
85
69
77
*
*
34
105
157
V7
58
62
.
*
1
6
10
8
•11
14
B0
277
348
160
-3
*
•*
*
5
18
31
31
2*
29
39
80
281
366
191
27
28
29
39
*
7
76
154
124
71
72
82
*
7
72
145116
62
59
66
*
3
8
9
9
13
16
*
■*
*
2
2
3
2
2
2
8
2
2
3
2
2
2
8
4
6
6
7
6
6
6
3
5
5
6
5
5
5
*
*
*
■*
-*
-3
2
2
2
2
13
-3
2
2
2
2
13
-*
*
-
Source:
Monthly Statement of the Public Debt of the United States; dWiee
of Market Ana3^rsis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
_
1
1
1
1
1
1
1
1
1
3
2
1
1
Amount
outstanding
_
203
505
742
619
561
519
477
80
354
644
682
584
540
496
453
496
491
488
483
478
475
477
470
3
4
6
7
465
11
13
454
8
6
449
7
6
444
4
3
j
453
2J Includes U.S. savings notes exchanged for Series H bcDnds beginning
January 1972.
* Less than $500,000.
60
Treasury Bulletin
O W N ER SH IP OF F E D E R A L S E C U R IT IE S _
_
_
_
_
_
_
_
_
Table OFS-1. - D istribu tion o f Federal S ecurities by Classes o f Investors and T ypes o f Issues
End of
fiscal year
or month
Total
Federal
securities
outstanding
(In millions of dollars)
Interest-bearing public debt securities
Held by U.S. Government accounts
Total
outstanding
Total
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
469,251
487,081
313,H3
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
61,070
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
138,206
1972-Dec.........................
461,068
447,298
116,897
1973-Nov.........................
Dec.........................
475,798
481,484
479,782
482,268
486,475
483,915
486,659
487,081
462,076
467,827
466,273
468,629
472,622
470,087
472,741
473,238
127,080
129,641
128,706
131,335
131,215
131,147
133,877
138,206
487,240
493,623
493,130
491,646
496,768
474,334
480,740
480,103
479,174
484,150
137,544
141,640
140,384
138,421
139,029
1966............................
1967............................
1968............................
1971............................
1974-Jan.........................
Feb.........................
Mar.........................
Apr.........................
May.........................
June........................
July........................
Aug.........................
Sept........................
Oct................ ........
Marketable
Government
Account Series
1/
10,351
12,050
13,635
14,694
16,007
16,974
18,092
19,868
20,080
21,229
19,360
48,549
50,196
56,103
59,374
66,738
76,124
82,740
89,536
101,248
114,921
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056
2,056
2,056
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356
75,022
80,485
95,482
2,056
69,906
23,984
20,961
101,040
106,624
2'056
2,056
77' 129
78,516
21,095
21,234
21,271
21,296
21,079
21,229
105,555
108,044
107,889
107,796
110,743
114,921
2,056
2,056
2,056
2,056
2,056
2,056
78,240
78,237
79,483
80,007
81,395
80,485
21,425
21,388
21,444
21,534
21,489
114,063
118,196
116,885
114,832
115,485
2,056
2,056
2,055
2,055
2,055
78,103
81,008
81,035
79,351
80,998
Interestbearing public debt securities- Cont.
Agency securities
Matured
public
debt
Total
and debt
outstanding
bearing Marketable
Nonmarketable Total
2/
no interest
Held by private investors
End of
fiscal year
or month
159,244
154,909
150,318
159,668
156,006
157,911
161,863
165,978
167,869
164,862
180,244
53,697
54,037
53,440
56,363
56,814
58,231
66,020
76,566
90,078
89,686
4,161
4,476
3,935
3,178
1,991
1,893
1,841
1,901
1,788
1,822
1972-Dec.........................
212,941
208,946
203,758
216,032
212,819
216,142
227,883
242,545
257,947
254,548
260,495
80,251
1973-Nov.........................
Dec.........................
257,867
259,670
169,120
170,747
1974-Jan.........................
Feb.........................
Mar.........................
Apr.........................
May.........................
June........................
259,328
259,057
261,925
258,933
257,469
254,543
258,686
258,092
258,684
261,402
264,123
1970............................
1972............................
July........................
Aug.........................
Sept........................
Nov.........................
Other
Public
issues
held by
Federal
Reserve
banks
Nonmarketable
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
469
468
2,010
3,001
2,846
2,553
2,251
2,170
2,156
2,152
2,000
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,021
11,770
2,320
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,724
8,953
9,869
9,450
88,747
88,923
1,961
2,071
11,760
11,586
2,130
2,107
9,630
9,479
170,796
170,178,
172,842
169,149
167,076
164,862
88,531
88,879
89,083
89,784
90,393
89,686
1,911
2,058
1,877
1,815
1,934
1,822
11,598
11,581
11,975
12,012
11,984
12,021
2,100
2,118
2,170
2,168
2,182
2,152
169,254
169,715
170,129
172,515
175,051
89,433
88,377
88,555
88,887
89,072
1,011
1,052
1,364
1,051
1,214
11,895
11,831
11,664
11,422
11,404
2,137
2,160
2,212
2,115
2,167
9,498
9,463
9,805
9,844
9,802
9,869
9,758
9,671
9,454
9,307
9,237
1/ Change in heading reflects publication of the Monthly Statement of the
Public Debt of the U.S. on July 31, 1974.
2/ For content see Table FD-6.
January 1975
61
OWNF.PSHTP OF FEDERAL STCflTTRTTTFI S
T able OFS-2. - Estim ated Ownership o f P ublic Debt S ecu rities by P rivate Investors
(Par values 1/ in billions of dollars)______________________ _________ _____ _
Nonbank investors
End of
month
Total
privately
Individuals 2/
Savings bonds
Commer
cial
2/
Total
Mu lual
sav
ings
banks
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7. 6
7.2
7.4
16.5
19.1
18.6
23.2
; 17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1 .0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4. 2
4.0
3.8
3.5
3.1
3.2
3.1
.7
.6
.6
.6
22.2
18.8
17.2
16.2
7.0
7.0
6.7
6.6
7.4
11.4
9.3
9.8
.6
.6
.6
.6
.6
.6
.5
.5
.5
.5
.5
.5
.5
.5
.5 .
.5
.5
.5
17.0
16.8
16.8
16.6
16.5
16.4
17.0
17.2
17.3
17.0
16.9
16.9
16.9
17.1
17.3
17.8
18.3
18,8
6.6
6.4
6.5
6.3
6.3
6.3
6.4
6.3
6.3
6.3
6.2
6.4
6.3
6.0
6.1
. 5.9
6.0
5.9
3.3
3.1
3.5
3.4
3.4
3.5
3.4
3.4
3.3
3.3
3.1
2.9
2.9
2.9
2.9
2.9
2.8
2.8
2.8
2.7
2.6
2.6
10.3
11.5
9.2
10.2
11.1
10.9
10.7
10.9
11.7
10.5
11.2
10.8
.5
.5
.5
.5
.5
19.4
20.3
20.8
21.0
21.1
5.7
5.7
5.8
5.9
5.9
2.6
2.6
2.5
2.5
2.5
11.3
11.0
10.5
11.2
11.0
Total
Series
E and H
Other
Series
1939_Dec.........
1946-Feb.........
Dec.........
1950-June........
Dec.........
1Q51-June........
Dec.........
1952-June........
Dec.........
1953-June........
Dec.........
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
1954-June........
Dec.........
1955-June........
Dec.........
1956—June........
Dec.........
1957-June........
Dec.........
1958-June........
Dec.........
1959-June........
Dec.........
199. Q
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
I960-June........
Dec.........
1961-June........
Dec.........
1962-June........
Dec.........
1963-June.........
Dec.........
1964-June........
Dec.........
1965-June........
Dec.........
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
1966-June........
Dec.........
1967-June........
Dec.........
1968-June........
Dec.........
I969-June........
Dec.........
1970-June........
Dec... ......
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
61.0
65.3
60.9
67.7
168.7
182.6
183.6
194.8
75.4
73.2.
7?.2
73.9
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
66.4
62.8
62.0
60.5
58.9
58.8
56.5
55.1
55.4
56.3
58.5
60.3
60.2
59.0
59.5
56.8
54.4
53.2
195.4
202.3
204.4
203.2
204.2
200.9
200.4
202.0
202.0
200.2
201.4
201.4
Apr.........
May..... .
June.......
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
218.0
229.9
229.7
247.9
244.4
262.5
261.8
265.1
266.4
263.7
263.1
259,7
256.9
257.1
257.4
256.5
259.8
261.7
261.2
261.1
263.8
260.7
259.4
256.4
201.0
202.1
204.3
204.0
205.0
203.2
74.9
75.0
75.3
75.4
75.7
75.9
76.7
77.0
77.2
77.0
77.2
77.3
77.4
77.9
78.4
79.2
80.0
80.7
July........
Aug.........
Sept........
Oct.........
Nov.........
259.7
259.0
260.1
262.5
265.3
53.9
53.0
52.9
53.5
54.5
205.8
206.0
207,1
209.0
210.8
81.6
82.6
83.3
83.8
84.3
1971-June........
Dec.........
1972-June........
Dec.........
1973-Jan.........
Feb.........
Mar.........
Apr.... .....
May.........
June........
July........
Aug.........
Sept.... .
Oct.........
Nov.........
Dec..........
1974-Jan..... ....
Feb.........
1
57.4
57.7
58.0
58.3
58.6
58.9
59.2
59.3
59.3
59.5
59.8
59.8
60.0
60.3
60.6
60.9
61.2
61.4
61.7
61.8
62.0
62.3
62.7
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Sefies A-F and J, are included at
current redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island poss
essions. Figures exclude securities held in trust departments.
2/ Includes partnerships and personal trust accounts.
U Exclusive of banks and insurance companies.
5/ Consists of the investments of foreign balances and international
State
and
local
govern
ments
Insurance
companies
Other
secu
rities’
Corpora
tions y
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
10.3
10.9
11.2
10.0
10.8
9.8
Foreign
and inter Other
investors
national
6/
2/
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
25.9
25.4
26.o
28.9
30.0
29.4
29.4
29.2
28.6
28.8
32.7
46.9
50.0
55.3
54.2
61.1
63.1
61.7
61.1
60.2
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
28.4
27.7
29.0
28.5
28.9
29.2
29.9
30.7
30.6
30.1
29.2
28.3
59.7
59.2
58.5
57.5
56.2
55.5
52.8
53.5
54.9
55.9
57.3
57.7
15.9
16.0
15.5
17.2
18.4
16.6
15.8
17.3
18.9
17.9.
18.9
19.3
21.1
20.4
19.8
19.7
18.6
17.3
28.8
29.2
29.3
28.8
28.7
56.9
56.0
56.0
56.6
58.3
ia.a
19.0
19.7
20.3
20.1
accounts in the United States. Beginning with July 1974 the
figures exclude noninterest -bearing notes issued to the International
Monetary Fund.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also in
cluded are certain government deposit accounts and government-spon
sored agencies.
7/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
Treasury Bulletin
62
T R E A S U R Y SU RV E Y OF O W N E R S H IP , N O V E M B E R 30, 1974
The monthly Treasury Survey of Ownership covers securities
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions.
.The similar proportion for corporations
Holdings by commercial banks distributed according to
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks ar«
State and local governments, 40 percent.
published for June 30 and December 31.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table TSO-1. - Sum m ary o f Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Classification
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
277,538
206,612
102,487
117,541
175,051
89,071
40,316
1,437
2,393
2,173
1,722
4,321
6,589
1,205
114,895
89,071
48^,150
220,028
264,122
40,316
1,437
2,393
2,173
1,722
4,321
6,589
1,205
203,966
Total
private
inves
tors
5,579
commer
cial
banks
2/
475
Insurance companies
mutual
savings
445 fire,
banks
288
casualty,
2/
life
and
marine
486
465
savings
and loan corpo
associa rations
tions
State and local
governments
188
pension
315
general and re
funds
tirement
funds
All
other
private
inves
tors j/
Public debt issues:
Interest-bearing public
debt securities:
Marketable............
Nonmarketable £/.......
Total interest-bearing
public debt securities..
Matured debt and debt
bearing no interest.....
1,214
Total public debt
securities...........
485,364
220,028
265,336
40,316
1,437
2,393
1,214
1,214
2,173
1,722
4,321
108
34
167
47
192
69
227
236
Government agencv issues:
Regular issues..........
Participation
certificates 5/........
5,502
286
5,216
1,121
218
4,555
1,715
2,840
458
171
Total Government agency
securities covered in
Treasury Survey........
10,057
2,002
8,055
1,578
389
154
Nonsurveyed Government
agency securities.......
1,347
I64
11,404
496,768
2,166
9,238
222,194
274,574
Total Government agency
securities 6/..........
Total Federal securities.__
Footnotes at end of Table TS0-5.
1,183 ’
.
6,589
1,205
205,180
323
282
244
2,720
42
169
748
944
365
All..
992
.........
63
January 1975
.T R E A S U R Y SU R V E Y OF O W N ER SH IP, iN O V E M B E R 30, 1974
T able TSO-2. - Interest-Bearing M arketable Public Debt Securities
by Type and M aturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Classification
Total
amount
outstand
ing 2 /
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
113,131
1,501
129,613
33,293
486
465
savings
and loan corpo
associa rations
tions
5,579
commer
cial
banks
2/
475
mutual
savings
banks
2/
37,673
274
51,146
13,394
102,487
4,512
38
33,614
2,151
40,316
146
1
920
370
71
1
263
2,058
204
17
1,305
648
91
1
1,277
352
1,437
2,393
2,173
48,547
31,634
14,156
4,300
2,840
1,009
12,485
22,847
4,072
461
397
55
369
638
180
67
111
72
163
469
525
413
560
264
277,538
102,487
40,316
1,437
143,342
84,774
27,916
3,332
11,534
6,640
277,538
48,038
31,352
14,438
1,617
4,515
2,527
102,487
12,406
22,765
4,154
213
511
268
40,316
288
life
445 fire,
casualty,
and
marine
State and local
governments
188
315
pension
general and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
By type security:
Issued by U.S. Government:
Federal Financing Bank bills.....
Treasury notes..................
Treasury bonds.................
Total......................... '277,538
Bv maturity distribution?
Call classes (due or first
becoming callable):
Within 1 year................... 144,540
1 to 5 years...................
86,234
26,456
5 to 10 years..................
10 to 15 years.................
9,274
7,356
15 to 20 years.................
3,678
20 years and over..............
Total.........................
Maturity classes (final maturity):
within 1 year...... ............
5 to 10 years....................
10 to 15 years...................
15 to 20 years...................
10 years and over................
Total.........................
3,076
46
2,407
1,059
144
762
1,722
1,599
29
2,508
185
4,321
6,589
1,205
65,460
1,094
36,027
12,314
114,895
490
942
388
200
121
33
391
869
269
135
37
20
2,461
1,589
I46
47
77
1
4,079
1,529
504
170
168
140
435
132
97
292
207
45
75,120
25,588
6,118
3,190
2,841
2,039
2,393
2,173
1,722
4,321
6,589
1,205
114,895
358
622
197
28
157
76
123
185
809
238
764
275
466
904
427
56
244
77
340
91
137
117
374
148
74,758
25,005
6,701
885
4,536
3,010
2,393
2,173
2,457
1,580
155
7
52
70
4,321
4,014
1,429
604
113
261
168
1,437
382
844
295
58
120
23
1,722
6,589
1,205
114,895
299
_
Footnotes at end of Table TS0-5.
T able TSO-3. - Interest-Bearing M arketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual
maturing:
Dec.
1974..............
Jan.
1975..............
Feb.
1975..............
Mar.
1975..............
Apr.
1975..............
May
1975..............
June
1975..............
July
1975..............
Aug.
1975..............
Sept.
1975..............
Oct.
1975..............
Nov.
1975..............
Total Treasury Bills............
Federal Financing Bank Bills:
Mar.
1975..............
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,579
commer
cial
banks
2/
19,832
24,731
20,900
9,221
9,712
12,212
5,306
3,608
1,803
1,803
2,003
2,002
6,876
9,147
8,320
2,900
1,966
3,539
939
1,339
400
715
751
781
216
479
349
166
344
578
1,178
207
137
151
225
48I
6
8
11
12
11
9
30
12
23
7
6
11
5
14
6
1
4
1
5
113,133
37,673
4,512
1,501
274
38
Total
amount
outstand
ing 1/
475
mutual
savings
banks
2/
288
life
445 fire,
casualty,
and
marine
486
savings
and loan
associa
tions
465
corpo
rations
State and local
governments
188
315
pension
general and re
funds
tirement
funds
1
1
27
58
73
13
8
12
11
*
*
1
*
*■
43
5
9
6
11
2
4
1
3
*
*•
5
54
74
163
258
321
100
204
217
85
19
59
43
795
615
530
202
159
214
247
94
81
80
17
40
146
71
204
91
1,599
3,076
299
1
1
17
1
29
46
-
-
34
-
49
145
95
3
*
1
5
*
*
*
-
Held by
all
other
inves
tors 3/
11,760
14,186
11,343
5,660
6,885
7,755
2,682
1,737
1,039
829
944
640
65,460
1,094
64
Treasury Bulletin
T R E A S U R Y SU R V E Y OF O W N ER SH IP, N O V E M B E R 30, 1974
Table TSQ-3. - Interest-Bearing Marketable Public Debt Securities by I s s u e -C o n tin u e d
(Ear values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/
Treasury notes:
5-7/8% Dec.
Feb.
5-3/4
Feb.
5-7/8
May
5-7/8
May
6
5-7/8
Aug.
Sept.
8-3/8
7
Nov.
Dec.
7
5-7/8
Feb.
6-1/4
Feb.
8
Mar.
May
5-3A
May
6-1/2
June
8-3/4
6-1/2
Aug.
7-1/2
Aug.
Sept.
8.25
Nov.
6-1/4
Feb.
8
6-7/8
May
May
9
Aug.
7-3/4
Nov.
7-3/4
Feb.
6-1/4
Aug.
8-3/4
Nov.
6
7-7/8
May
Aug.
6-1/4
6-5/8
Nov.
7
Nov.
6-7/8
May
Aug.
9
Feb.
7
Nov.
7-3/4
Exchange Series..
U. S. Govern
ment ac
counts and
Federal
Reserve
banks
1974-F........
1975-A........
1975-E........
1975-F........
1975-B........
1975-C........
1975-G........
1975-D........
1975-H........
1976-F........
1976-A........
1976-H........
1976-E........
1976-B........
1976-1........
1976-G........
1976-C........
1976-J........
1976-D........
1977-A........
1977-C........
1977-D........
1977-B........
1977-E........
1978-A........
1978-C........
1978-B........
1979-D........
1979-A.........
1979-B........
1979-C........
1980-A........
1980-B........
1981-A........
1981-B........
2,102
4,015
1,222
1,776
6,760
7,679
2,042
3,115
1,731
4,945
3,739
1,532
2,802
2,697
2,704
3,883
4,194
2,021
4,325
5,163
2,565
5,337
4,918
3,621
8,389
2,462
8,207
1,017
4,559
1,604
2,241
7,265
4,307
1,842
2,716
119
Total Treasury notes............
129,613
112
1,555
128
131
4,534
2,834
51
746
237
1,402
2,858
56
588
823
694
1,879
1,662
310
341
3,067
532
2,956
1,669
1,256
3,381
616
3,607
52
1,775
1,137
451
5,520
2,538
502
1,143
51,146
1975-85.......
1978-83.......
1980.........
1980.........
1981.........
1982.........
1984.........
1985.........
1986.... ....
1987-92.......
1988-93.......
1988-93........
1989-94.......
1990.........
1993.........
1993-98__ .....
1994-99.......
1995.........
1998.........
1,198
1,460
2,570
1,895
807
2,702
2,353
918
1,216
3,613
224
1,914
1,388
3,767
627
692
2,270
765
2,914
509
282
865
749
408
1,055
1,376
224
884
1,430
70
1,139
554
1,130
192
266
1,251
137
872
Total Treasury bonds............
33,293
277,538
Treasury bonds:
4-l/4% May
June
3-1/4
Feb.
4
Nov.
3-1/2
7
Aug.
6-3/8
Feb.
Aug.
6-3/8
May
3-1/4
6-1/8
Nov.
Aug.
4-1/4
Feb.
4
Aug.
7-1/2
May
4-1/8
Feb.
3-1/2
Feb.
6-3/4
7
May
May
8-1 /2
Feb.
3
Nov.
3-1/2
Total marketable public debt
securities.............. .
Footnotes at end of Table TS0-5.
5,579
cial
banks
2/
681
893
553
798
703
2,559
709
961
827
1,925
319
529
1,130
612
776
1,016
912
975
1,826
666
1,130
757
1,267
1,122
1,859
754
1,835
465
786
204
1,066
745
609
990
650
8
475
mutual
savings
banks
2/
Insurance companies
288
life
445 fire,
casualty,
and
marine
State and local
ffovemments
486
465
savings
188
and loan corpo
pension
associa rations 315
and re
general
tions
tirement
funds
funds
33,615
25
19
10
27
20
53
35
22
8
55
7
25
21
32
25
28
32
16
37
43
22
12
37
18
84
23
46
5
33
4
8
50
3
2
33
1
920
4
6
1
*
12
16
1
11
*
2
3
*
2
3
1
*
3
1
41
1
4
1
4
5
38
2
34
2
18
1
3
1
1
10
15
14
262
9
47
13
5
57
54
9
49
25
75
10
9
49
47
12
8
53
18
30
27
77
12
61
23
102
44
61
22
38
27
59
54
45
42
15
14
1,305
25
46
7
21
37
127
8
19
11
82
15
7
38
21
3
26
10
24
50
19
27
4
23
26
174
3
182
13
35
3
45
95
2
38
9
3
1,277
30
94
77
171
45
277
111
23
86
283
6
26
64
10
107
106
19
86
118
13
120
4
96
98
48
38
16
25
31
6
150
29
26
9
35
24
2,508
11
17
29
22
4
25
13
9
8
35
4
8
3
74
34
2
1
10
63
370
40
283
87
372
3
18
18
189
9
131
29
9
46
528
20
8
3
24
241
2,058
24
39
87
56
5
58
27
26
6
122
3
15
28
72
5
2
41
9
23
648
10
26
65
40
*
13
7
47
1
35
8
17
26
24
10
3
*
6
14
352
4
9
8
5
•*
12
22
*3
4
13,394
78
82
161
103
38
547
229
44
91
75
5
239
7
105
79
171
41
11
44
2,151
185
102,487
40,316
1,437
2,393
2,173
1,722
4,321
-
40
1
1
7
16
53
•*
*
137
136
123
80
125
204
43
45
60
141
29
9
48
51
65
67
34
41
112
50
98
45
98
17
107
16
200
25
56
15
43
49
5
17
16
1
Held by
all
other
inves
tors 2/
*
3
*
1
13
1
11
1
20
4
7
*
1
3
7
1
3
-
1,079
1,205
308
540
1,209
1,552
1,075
1,237
476
973
490
864
859
1,096
1,017
753
1,464
550
1,770
1,274
554
1,545
1,650
1,055
2,585
965
2,207
404
1,779
207
415
719
1,072
231
796
55
2,407
144
36,027
65
100
203
107
5
25
77
12
36
88
8
10
16
124
16
13
15
42
98
361
583
1,033
403
345
940
580
346
178
1,523
90
389
664
1,630
240
187
784
503
1,536
1,059
96
40
32
38
1
10
3
21
1
171
9
48
43
80
24
23
79
22
23
762
12,314
6,589
1.,205
114,895
13
1
2
18
4
-
1
*
6
1
6
4
2
3
*
5
-
65
January 1975
.T R E A S U R Y SU R V E Y OF O W N E R S H IP , N O V E M B E R 30, 1974
T a ble T SO -4. - S ecurities Issued by G ov ern m en t A gencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/ 7/
Type
Export-Import Bank:
5.30% Feb. 1975 (Debentures)..
5.70
Dec. 1976 (Debentures)..
6-1/4
Aug. 1977 (Debentures)..
6.45
Feb. 1978 (Debentures)..
8.35
Aug. 1978 (Debentures)..
7.30
Nov. 1978 (Debentures)..
7
Mar. 1979 (Debentures)..
6.60
May 1979 (Debentures)..
Issues to State and Local Govts
(Mtg. Backed Bonds) 8/.......
Participation certificates....
Total......................
Federal Housing Administration:
(Debentures)................
Government National Mortgage
Association:
Participation certificates....
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,579
commer
cial
banks
2/
475
mutual
savings
banks
2/
288
life
445 fire,
casualty,
and
marine
486
savings
and loan
associa
tions
State and local
governments
465
188 pen
corpo 315
sion and
rations general retire
funds
ment funds
Held by
all
other
inves
tors j/
-
2
-*
1
*
-
-
-
*
*
■*
1
-
*
1
6
-*
_
_
_
_
_
_
4
9
1
-
143
32
_
11
84
17
45
13
14
107
305
268
85
856
34
29
63
5
16
-
1
54
169
1,704
377
161
42
183
68
42
137
663
927
300
300
400
300
300
300
400
200
43
24
6
22
20
16
32
30
143
250
11
81
2,893
203
998
434
63
4,305
_
93
108
114
129
130
171
101
71
_
1
7
12
8
1
1
1
4
Insurance companies
8
-
9
32
52
5
23
-
8
82
90
40
58
5
3
21
13
6
1
5
16
29
-
1
-
*
*
*-
126
100
193
49
58
66
186
60
6-?/8% Feb. 1982-97 (Bonds)
Tennessee Valley Authority:
Short-term notes___
(Bonds),
8-3/4% June 1975
(Bonds),
July 1976
7-1/4
(Bonds).
8.10
Apr. 1979
(Bonds),
4.40
Nov. 1985
4-5/8
July 1986
(Bonds).
(Bonds),
Feb. 1987
4-1/2
(Bonds),
May 1992
5.70
Nov. 1992
(Bonds).
6-3/8
(Bonds),
Oct. 1994
8-1/4
(Bonds).
Mar. 1995
9
June 1995
(Bonds),
9-1/4
(Bonds),
7.30
Oct. 1996
(Bonds)
7%
Jan. 1977
(Bonds).
May 1977
7.35
(Bonds).
July 1977
7.35
(Bonds).
Oct. 1977
7.40
(Bonds).
Jan. 1988
7.35
(Bonds).
Apr. 1988
7.35
(Bonds).
July 1998
7-3/4
250
25
10
16
5
1
1
3
22
168
50
50
100
100
50
50
45
70
60
100
100
50
150
150
150
150
150
100
150
150
6
12
3
15
10
-*
*
*
1
*
1
2
*
4
6
4
3
3
3
21
22
_
_
_
_
_
22
_
3
6
3
1
*
1
2
2
2
8
1
15
17
17
18
18
16
6
1
-
*
■*
9
2
4
1
1
*
-
-
-
-
-
_
-
10
34
77
83
13
18
11
41
44
82
86
44
121
112
108
107
112
72
110
116
(Bonds),
(Bonds).
100
100
7.70
8.05
Oct. 1998
Jan. 1999
-
_
_
-
-
_
-
44
5
*
*
5
3
3
1
*-
1
1
-*
1
1
1
2
5
3
-*
2
4
*
1
*
1
1
*
-
-
1
1
*
3
3
*
2
-
-
-
-
-
-
*-
-
-
-
-
2
2
2
*
2
1
4
-
1
5
1
3
-
23
28
26
21
11
12
3
5
2
3
7
2
8
1
6
8
1
2
1
2
*
1
51
91
-
3
4
1
4
*
1
2
-
_
_
1
•*
1
-
1
1
9
10
2
4
-
-
_
-
_
*
-
Total.......................
2,175
6
159
140
31
24
44
15
44
168
1,544
Total Government agency securities
covered in survey.............
10,057
2,002
1,578
389
154
227
236
365
451
992
3,664
Footnotes at end of Table TSO-5.
66
Treasury Bulletin
TREASURY SURVEY OP OWNBRSHIP.NOVEMBER 30, 1974 __________________________ _
T a b l e T S O -5 . - Securities Issued by G overnm ent-Sponsored A gen cies
and the D istrict o f C olu m bia
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Banks for cooDera^ives:
8.90% Dec. 1974 (Debentures)....
9-1/4 Jan. 1975 (Debentures)....
Feb. 1975 (Debentures)....
9.45
9.85 Mar. 1975 (Debentures)....
9.55 Apr. 1975 (Debentures)....
8.55 May
1975 (Debentures)....
7.70 Apr. 1977 (Debentures)....
Total.
8-7/8%
6-5/8
6.35
6.45
6-7/8
6.55
7.20
7-1/4
7.35
7.30
8.90
7
6.40
7-7/8
7.10
8-5/8
7-1/2
7-1/8
7-1/2
7-1/2
7-3/4
9
Jan.
Aug.
Mar.
June
Aug.
Dec.
Mar.
May
July
Dec.
Jan.
Nov.
Mar.
June
Jan.
July
Aug.
Dec.
Mar.
May
Dec.
Apr.
1975 (insured notes).
1976 (Insured notes).
1977 (Insured notes).
1977 (Insured notes).
1977 (Insured notes).
1977 (Insured notes).
1978 (Insured notes).
1978 (Insured noted).
1978 (insured notes).
1978 (CB0).........
1980 (Insured notes).
1980 (Insured notes).
1981 (Insured notes).
1981 (insured notes).
1982 (Insured notes).
1985 (Insured notes).
1986 (Insured notes).
1987 (insured notes).
1988 (insured notes).
1988 (insured notes).
1988 (CB0)........
1988 (CB0)........
Total
Federal ]Home Loan Banks:
Discount Notes....
5-7/8% Feb. 1975 (Bonds).......
6.10 Feb. 1975 (Bonds).......
8.20 Feb. 1975 (Bonds).......
6.80 May
1975 (Bonds).......
7.15 May 1975 (Bonds).......
1975 (Bonds).......
8.05 May
7.15 Aug. 1975 (Bonds).......
7-7/8 Aug. 1975 (Bonds).......
7.95 Aug. 1975 (Bonds).......
6-l/2 Nov. 1975 (Bonds).......
7.05% Nov. 1975 (Bonds).......
9.10
Nov. 1975 (Bonds).......
7-3/8 Feb. 1976 (Bonds).......
8.70 Feb. 1976 (Bonds).......
Feb. 1976 (Bonds).......
8.75
9.20 Feb. 1976 (Bonds).......
7.20 May 1976 (Bonds).......
7.45 May 1976 (Bonds).......
7.80
Aug. 1976 (Bonds).......
9.55 Aug. 1976 £Bonds).......
8.60
Nov. 1976 (Bonds).......
Nov. 1976 (Bonds).......
9.55
7.20 Feb. 1977 (Bonds)........
Feb. 1977 (Bonds).......
8.05
6.95 May 1977 (Bonds).......
8.70 May 1977 (Bonds).......
Aug. 1977 (Bonds).......
7.15
8.80 Aug. 1977 (Bonds).......
Nov. 1977 (Bonds).......
6.75
Nov. 1977 (B'onds).......
7.45
Nov. 1977 (Bonds).......
9.15
9-3/8 Feb. 1978 (Bonds).......
7.60 May 1978 (Bonds).......
9.10
Nov. 1978 (Bonds).......
8.65 Feb. 1979 (Bonds).......
Feb. 1979 (Bonds).......
9.45
8.65 May 1979 (Bonds).......
8.75 May
1979 (Bonds).......
9.50 Aug. 1979 (Bonds).......
Nov. 1979 (Bonds).......
8.15
7.05 Feb. 1980 (Bonds).......
7.75 Feb. 1980 (Bonds).......
7.80
Oct. 1980 (Bonds).......
6.60 Nov. 1981 (Bonds).......
8.65
Nov. 1981 (Bonds).......
7.30 May 1983 (Bonds).......
Footnotes at end of table.
Total
amount
outstand
ing
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,579
commer
cial
banks
2/
475
mutual
savings
banks
2/
288
life
41
48
72
48
29
68
90
3
3
1
1
*
6
1
1
1
1
1
-
3,323 8/
40
9
11
8
4
36
108
396
15
200
150
400
300
400
403
300
301
301
300
150
300
200
250
350
300
150
201
201
200
200
200
_
12
8
10
4
9
27
6
7
10
13
16
36
3
3
9
24
21
55
69
93
113
140
130
94
105
103
167
14
74
62
62
79
19
8
28
1
16
48
42
5,758
216
688
400
250
500
300
700
265
400
500
300
350
600
700
300
400
300
600
600
300
500
700
600
500
500
500
200
500
300
600
300
300
700
400
500
500
600
600
500
400
500
500
300
350
200
200
400
183
20
7
29
22
46
33
22
45
12
28
11
9
8
*
8
28
8
11
34
17
45
20
25
2
11
12
72
6
24
5
26
20
70
22
22
50
23
38
46
40
14
8
22
15
472 8/
420
591 8/
530 8/
435 8/
677 y
200
486
savings 465
445 fire, and loan corpo
casualty, associa rations
and
tions
marine
3
6
3
4
2
10
1
3
1
1
3
*
1
5
4
10
22
21
32
31
21
2
10
2
2
23
10
35
36
19
16
31
25
7
9
1
1
1
1
3
4
2
*
1
2
6
5
5
1
1
2
2
*
5
1,524
365
27
131
59
136
66
187
38
90
113
46
79
176
107
71
66
66
84
179
98
151
139
141
97
208
141
43
103
96
137
82
129
151
160
180
97
109
115
153
71
64
124
123
44
39
60
74
42
1
7
10
10
7
18
15
10
10
16
20
7
11
6
15
4
5
12
10
13
6
9
6
10
11
13
25
6
29
5
6
14
9
12
5
10
9
15
5
11
6
8
11
19
7
19
10
State and local
governments
188
315
pens ion
general and re
tirement
funds
funds
28
19
2
1
11
25
3
14
76
56
4
59
44
68
89
___ 5_
326
5
*
3
1
1
1
1
1
2
■*
6
6
6
3
2
4
1
-*
1
4
16
8
2
5
5
3
2
2
1
45
28
18
9
10
2
14
17
48
3
8
5
*
1
1
12
2
2
-
11
3
13
21
15
5
1
3
8
18
23
29
3
6
16
62
4
2
1'
5
1
16
44
45
248
23
265
3
6
*
*
*
*
1
1
*
*
1
1
1
1
■*
1
1
1
*
1
■*
1
■*
_
1
1
-*
19
2
5
1
4
1
11
1
2
3
4
2
1
*
1
6
1
1
*
2
■*
*
4
2
*
2
1
6
1
2
1
8
2
9
8
13
9
3
9
3
1
3
2
*
9
1
3
24
27
7
14
33
23
19
20
15
50
29
26
34
9
2
13
28
14
22
9
18
14
29
10
13
11
14
32
11
13
21
9
32
12
39
19
33
17
7
22
11
14
6
2
2
2
60
20
3
26
20
90
36
52
_
7
28
9
10
37
15
47
23
17
53
63
3
52
26
18
21
17
12
36
18
10
5
30
10
30
8
16
1
1
6
_
2
_
2
15
-
143
36
7
12
14
53
3
28
34
4
5
53
100
40
4
101
74
13
24
35
32
23
24
7
1
26
5
20
7
17
41
31
26
12
12
29
6
21
32
6
9
12
2
2
2
1
_
4
1
4
28
10
9
9
3
34
46
46
72
55
1
23
346
9
_
_
1
1
_
_
*
_
4
*
1
1
2
_
_
3
*
7
2
_
_
1
_
6
1
1
4
2
5
4
•*
3
10
3
*
*
*
2
_
4
1
Held by
all
other
inves
tors 2/
308
347
442
409
307
462
89
2,366
114
62
240
127
200
223
166
158
162
105
75
106
69
100
183
111
72
76
78
59
122
75
2,682
402
174
133
278
152
270
175
183
246
171
172
277
430
169
224
215
371
231
133
258
421
320
304
153
278
110
299
147
287
156
107
434
173
189
329
318
385
244
221
350
295
100
223
116
117
254
112
January 1975
67
T RW A8ITRY SURVEY OP OWNERSHIP,N O V E M B E R 30, 1974
____________________________
T a b le T S O -5 . - Securities Issued by G overnm ent-Sponsored A gen cies
and th e D i s t r i c t o f C o lu m b ia —C o n tin u e d
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing
Issue
Federal Home Loan Banks (Continued):
(Bonds)__
7-3/8% Nov. 1983-93
May
1984
(Bonds)__
8.75
Aug.
1976
FHLMC
9/
7.05
(Mtg. Backed Bonds)..
Feb. 1977
FHLMC 9/
6.15
(Mtg. Backed Bonds)..
Nov. 1976-95
8.60
FHLMC 9/
(Mtg. Backed Bonds)..
Aug. 1977-96
FHLMC 9/
7.75
(Mtg. Backed Bonds)..
May
1982-97 FHLMC 9/
7.15
(Mtg. Backed Bonds)..
Issued to State and Local Govts.
FHLMC 7/ 9/ (Mtg. Backed Bonds)..
Total,
Federal Intermediate Credit Banks:
7.15% Dec. 1974 (Debentures)...
Jan. 1975 (Debentures)...
6.05
Jan. 1975 (Debentures)...
8.15
Feb. 1975 (Debentures)...
8.80
Mar. 1975 (Debentures)...
9
9-1/4 Apr. 1975 (Debentures)...
1975 (Debentures)...
May
9.45
June 1975 (Debentures)...
9.80
July
1975 (Debentures)...
5.70
July 1975 (Debentures)...
9.60
Aug. 1975 (Debentures)...
8.45
Jan. 1977 (Debentures)...
6.65
7.10
Jan. 1977 (Debentures)...
Apr. 1977 (Debentures)...
8.70
Jan. 1978 (Debentures)...
7.10
Total.
Federal :
Land Banks:
4-1/8% Feb. 1973-78
Jan. 1975
7.15
8-3/8 Jan. 1975
4-3/8 Apr. 1975
Apr. 1975
7.65
5.70
July 1975
8.30
July 1975
Oct. 1975
7.20
Oct. 1975
7.40
Jan. 1976
6.25
9.20
Jan. 1976
Feb. 1976
5
6-1/4 Apr. 1976
8-1/4 Apr. 1976
5-3/8
July 19-76
July 1976
7.05
Oct. 1976
7.15
8-1/4 Apr. 1977
7-1/2
July 1977
Oct. 1977
6.35
8.70
Jan. 1978
5-1/8 Apr. 1978
6.40
July 1978
July 1978
9.15
Oct. 1978
7.35
Jan. 1979
5
Jan. 1979
7.10
Apr. 1979
6.85
7.15
July 1979
6.80
Oct. 1979
6.70
Jan. 1980
7-1/2
July 1980
8.70
Oct. 1980
6.70
Apr. 1981
9.10
July 1981
6.90
Apr. 1982
7.30
Oct. 1982
7.30
Oct. 1983
(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)__
(Bonds)__
(Bonds)__
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)__
(Bonds)....
(Bonds)....
(Bonds)__
(Bonds)....
Total.
Footnotes at end of table.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,579
commer
cial
banks
2/
475
mutual
savings
banks
2/
445 fire,
casualty,
and
marine
288
life
State and local
486
governments
465
savings
188
and loan corpo
pens ion
associa rations 315
tions
general and re
tirement
funds
funds
Held by
all
other
inves
tors 2/
400
300
70
41
142
29
3
5
1
1
2
*
23
4
2
2
6
14
7
-
145
204
400
21
169
3
-
1
21
-
*
_
185
350
17
85
11
2
2
43
11
4
_
176
140
-
5
11
2
-
5
-
-
6
111
150
-
8
12
10
-
6
_
_
18
95
150
-
6
11
1
2
2
7
2
21
98
392
1,190
5,334
561
38
171
937
977
392
1,608
130
12,122
820 8/
240 8/
621 8/
706 8/
819 8/
834 8/
788 8/
734 8/
786 8/
302 8/
735 8/
262 8/
236 8/
3218/
406 8/
27
8
5
37
1
7
12
12
30
21
4
8
38
199
89
125
95
96
73
71
77
107
67
85
67
80
90
190
1
1
*
1
*
*
*
1
3
1
2
5
3
2
3
6
2
1
3
1
2
15
34
11
8
11
6
3
9
5
28
7
7
20
15
6
18
8,609 8/
207
1,512
9
3
11
17
8
9
3
10
15
6
5
8
1
8
9
122
4
49
186
192
76
14
38
22
10
22
48
24
14
41
22
8
8
5
13
365
_
_
2
*
1
_
_
_
_
_
*
1
_
_
4
446
104
425
538
649
723
632
593
601
138
588
148
107
180
94
5,967
148
300 8/
220
200
300 8/
150
360
450
565 8/
550
300
546 8/
150
269
350 8/
550
509 8/
300 8/
235
389
400 8/
300
250
400 8/
224
265 8/
200
239
300
8
1
*
*
1
9
3
32
5
9
1
26
49
43
38
29
39
3
2
10
17
7
10
36
43
8
3
12
5
3
7
47
30
35
58
23
23
57
127
55
54
113
73
85
15
105
89
11
101
138
131
132
108
117
18
92
67
215
59
84
49
142
154
107
92
97
47
26
32
32
71
5
6
7
6
4
14
5
11
6
15
5
3
12
10
4
6
11
13
17
7
13
2
9
2
3
13
5
18
7
28
12
2
5
15
*
24
7
3
5
2
1
*
1
2
1
*
2
1
*
-*
*
*
*
1
2
1
1
6
*
*
*
1
2
1
1
4
*
5
3
1
3
*
1
1
7
1
2
1
5
4
6
1
2
10
3
2
6
10
8
1
12
1
2
3
4
1
5
5
*
8
*
*
5
4
8
3
4
5
49
8
10
4
19
1
3
27
16
2
23
14
13
25
10
10
2
7
2
47
11
31
1
13
3
4
_
1
5
*
3
1
-
16
37
4
10
8
52
6
*
23
15
48
9
2
10
*
6
19
5
11
_
5
4
20
10
69
10
5
15
6
18
2
10
6
2
25
2
7
5
31
31
6
4
6
15
2
60
4
9
10
8
26
10
8
55
11
3
14
2
6
16
19
27
6
28
18
8
3
12
7
3
1
3
8
1
_
_
2
_
_
*
*
_
_
2
2
_
4
7
2
3
7
_
_
6
•*
4
1
2
_
1
76
175
171
121
194
172
222
207
197
136
444
83
208
255
114
166
207
349
256
132
357
92
125
251
189
361
141
133
153
130
150
132
260
143
224
133
146
150
12,653 8/
536
3,031
335
32
132
388
488
495
60~
23,068
300 8/
300
362 8/
300
6518/
123-
3
738/
400
25
17
1
12
8
1
15
9
9
11 ■
6
2
24
23
30
1
4
2
2
*
_
_
1
8
7,156
68
Treasury Bulletin
T REASURY SURVEY OP OWNERSHIP,N O V E M B E R 30, 1974 *
T a b le T S O -5 . Securities Issued by G overnm ent-Sponsored A gen cies
and th e D i s t r i c t o f C o lu m b ia - C o n t i n u e d
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Federal National Mortgage
Association:
Discount Notes.....
Debentures).
6.10% Dec. 1974
Debentures).
Dec. 1974
6.45
Debentures).
6.35 Mar. 1975
Debentures).
7.55 Mar. 1975
’Debentures).
5-1/4 June 1975
Debentures).
6.80 Sept 1975
Debentures).
7.50 Sept 1975
Dec. 1975
Debentures).
5.70
Debentures).
Dec. 1975
8.25
Debentures).
5.65 Mar. 1976
7-1/8 Mar. 1976
Debentures).
June 1976
Debentures).
5.85
Debentures).
6.70
June 1976
Debentures).
June 1976
10
Debentures).
5.85 Sept 1976
6-1/8 Sept 1976
Debentures).
Dec. 1976
Debentures).
6.25
Dec. 1976
Debentures).
7.45
Dec. 1976
Debentures).
8.45
Debentures).
4-1/2 Feb. 1977
Debentures).
6.30 Mar. 1977
Debentures).
7.05 Mar. 1977
6.50
June 1977
Debentures).
Debentures).
6-3/8 June 1977
7.20
June 1977
Debentures).
6-7/8 Sept., 1977
Debentures).
Debentures).
7.85 Sept.. 1977
Debentures).
7-1/4 Dec. 1977
Dec. 1977
Debentures).
7.55
Debentures).
8.45 Mar. 1978
June 1978
Debentures).
7.15
Debentures).
7.15 Sept,. 1978
Debentures).
Dec. 1978
6.75
Dec. 1978
Debentures).
8.95
Debentures).
7.25 Mar. 1979
June 1979
Debentures).
7.85
9.80
June 1979
Debentures).
6.40 Sept.. 1979
Debentures).
Dec. 1979
Debentures).
6.55
6-7/8 Mar. 1980
Debentures).
8.50
June 1980
Debentures).
7.50 Sept., 1980
Debentures).
6.60
Dec. 1980
Debentures).
Debentures).
7.05 Mar. 1981
Debentures).
7-1/4 June 1981
Debentures).
Sept.
,
1981
7-1/4
9.70
Debentures).
Sept., 1981
7.30
Dec. 1981
Debentures).
8-7/8 Mar. 1982
Debentures).
June 1982
Debentures).
6.65
6.80
Sept.. 1982
Debentures).
Dec. 1982
Debentures).
7.35
6.75
June 1982
Debentures).
7.30
June 1983
Debentures).
Sept., 1983
Debentures).
6.75
Debentures).
6-1/4 June 1984
6.90
Dec. 1984
Debentures).
1992
Mar.
Debentures)
.
7
June 1992
7.05
Debentures).
7.10
Dec. 1982-97 Debentures).
8
Apr. 1975
Capital
Debentures).
Capital
4-3/8 Oct. 1966
Debentures).
7.40
Oct. 1982-97 Capital
Debentures).
8-3/8 June 1975
Mtg. Backed
Bonds)....
8-5/8 Oct. 1980-90 Mtg. Backed
Bonds)....
Issues to State and Local Governments
(Mtg. Backed Bonds) 7/
Total.
District of Columbia:
4.20% Dec. 1970-79 (Bonds).....
Footnotes on following page.
Total
amount
outstand
ing
3,826
250
450
600
300
500
650
350
500
300
500
400
450
250
700
500
300
500
300
600
198
500
400
150
250
500
300
400
500
500
650
600
550
300
450
500
300
600
300
350
250
600
400
300
350
250
250
300
250
300
250
200
300
200
300
250
200
250
200
200
200
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
11
475
mutual
savings
banks
2/
6
49
39
50
21
27
133
66
53
45
10
43
62
30
16
34
19
79
46
43
7
23
31
30
25
5
15
14
54
21
51
50
17
39
40
18
18
253
87
134
206
95
112
150
62
129
87
126
150
150
43
113
139
82
155
52
107
15
134
98
49
68
180
69
95
180
184
101
164
137
108
45
204
98
112
124
104
66
53
200
113
72
43
43
37
105
26
49
55
167
33
82
44
42
19
11
33
13
24
9
10
17
11
10
20
18
15
5
13
6
9
13
13
22
14
14
18
8
6
20
10
9
11
3
8
4
9
19
13
11
12
17
5
5
3
2
20
36
24
2
3
24
8
12
19
5
8
2
31
12
4
10
3
31
16
15
32
11
18
200
-
32
10
248
-
5
3
250
33
27
59
-
61
67
50
33
63
35
29
11
45
16
37
-
35
41
29
21
30
51
9
17
-
State and local
governments
486
465
savings
445 fire, and loan corpo
188
pens ion
casualty, associa rations 315
and
tions
general and re
marine
tirement
funds
funds
Insurance companies
5,579
commer
cial
banks
2/
288
life
1
7
2
4
8
*
3
5
2
2
1
4
2
2
1
2
1
*
*
*
2
4
5
1
*
1
*
13
1
*
2
3
2
1
7
-*
3
1
3
1
3
4
1
4
3
2
1
1
7
2
*
2
1
2
2
1
1
1
2
3
_
*
22
11
13
30
16
86
54
30
51
4
78
26
66
37
22
54
28
59
12
12
15
53
49
10
17
38
20
25
53
33
40
89
92
7
13
35
2
6
17
14
5
4
1
2
2
8
9
_
5
_
10
4
*
10
3
9
12
10
4
10
10
221
-
1
16
2
2
6
8
5
1
9
*
4
-
-
1
1
*
1
*
1
-
1
*
1
*
2
1
7
*
*
-
*
1
*
1
4
1
1
1
1
1
*
*
*
*
1
3
_
6
_
2
1
2
1
10
932
7
9
12
27
8
3
9
5
15
9
2
4
2
54
6
6
10
9
16
3
8
34
1
1
21
1
19
20
30
10
19
42
2
3
14
10
49
4
4
1
10
28
8
2
1
2
10
2
4
2
12
62
2
12
1
3
2
67
5
3
29
_
_
_
2
_
1
*
*
_
*
_
_
_
_
_
*
*
_
2
7
Held by
all
other
inves
tors y
*
*
1
_
1
*
9
24
14
2,327
133
207
207
91
216
332
159
229
162
211
175
169
152
437
225
139
231
176
357
120
265
177
78
145
178
149
185
185
154
321
238
211
113
362
170
109
392
115
154
129
444
101
95
256
151
140
190
98
259
136
99
11
112
137
110
103
162
33
97
113
22
_
118
14
_
*
210
_
4
26
87
8
8
3
9
180
5
_
5
16
102
-
11
53
7
30
21
34
40
15
14
22
11
2
24
12
*
10
44
20
5
14
3
_
29
-
20
29
51
27
12
*
2
11
26
14
2
2
*
_
7
15
10
_
2
5
21
5
1
2
1
_
4
10
2
4
1
3
_
_
_
1
_
2
_
4
3
_
■*
_
_
_
*
_
_
1
*
2
2
1
9
*
1
*
2
3
28
6
*
200
42
7
17
1
551
2,103
6,108
877
-
-
-
-
551
-
_
28,033
65
148
1,503
955
2,261
172
13,832
20
-
*
3
*
1
5
-
1
2
8
250
7 '
January 1975
69
.T R E A SU R Y SU R V E Y OF O W N E R S H IP ,N O V E M B E R 30, 1974
F ootn otes
f o r T r e a s u r y S u r v e y o f O w n e r s h ip
1/ Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
2/ Includes trust departments.
2/ Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of ownership.
j5/ Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
6/ Includes matured securities outstanding on which interest has ceased.
7/ Direct placements with State and Local Government with various
interest rates and Maturity dates.
8/ Includes securities issued for use as collateral for short-term
borrowings.
9/ Obligation of the Federal Home Loan Mortgage Corporation. The capital
stock of the Federal Home Loan Mortgage Corporation is held by the
twelve Federal Home Loan Banks.
* Less than $500,000.
Treasury Bulletin
70
.M A R K E T Q U O T A T IO N S ON T R E A S U R Y S E C U R IT IE S , D E C E M B E R 31, 1974,
C u rrent market q u o t a t io n s
li s t e d in clu de a l l r e g u la r ly quoted p u b lic marketable secu
shown here a re o v e r -t h e -
counter c lo s in g b id q u o ta tio n s in the New York market fo r
r itie s
the la s t trading day o f the month, as reported to the Treasury
is s u e d by F e d e r a l a g e n c ie s and guaran teed by th e United
by th e F ed era l R eserve Bank o f New Y ork.
S t a te s Government a r e e x c lu d e d .
The s e c u r i t i e s
is s u e d by th e U n ited S t a te s T rea su ry .
S e c u r i t ie s
T a b le M Q -1. - T r e a s u r y B ills
Amount outstanding
(millions)
Issue date
Amount
outstanding
(millions)
Bank discount
Maturity
date
Bid
Change from
last month
13-week
26-week
13-week
26-week
$2,805
2,900
2.704
2,696
2,709
$1,905
1,906
1,901
1,901
1,902
10/3/74
10A o/74
10/L7/74
10/24/74
10/31/74
7/5/74
7A1/74
7A8/74
7/25/74
8A/74
1/2/75
1/9/75
1A6/75
1/23/75
1/30/75
7.15£
6.87
6.87
6.87
6.87
+ .52%
-.80
-.73
-.74
-.70
2.704
2,802
2,800
2,785
2,803
2,802
2,604
2,601
2,007
2.004
1,991
2.004
2,012
11/7/74
11A4/74
11/21/74
11/29/74
12/5/74
8/8/74
8A 5/74
8/22/74
8/29/74
9/5/74
2/6/75
2A3/75
2/20/75
2/27/75
3/6/75
6.92
6.95
6.97
7.00
7.02
1,806
1,802
1,800
1,894
2.003
12A2/74
12A9/74
12/26/74
3A3/75
3/20/75
3/27/75
4/3/75
4A0/75
7.03
7.01
6.98
7.06
7.14
2.004
2,010
1,998
2,100
2,104
9A2/74
9A9/74
9/26/74
10/3/74
10A0/74 '
10A7/74
10/24/74
10/31/74
11/7/74
11A4/74
-.61
-.5 7
-.52
-.47
-.53
-.55
-.58
-.63
-.58
-.51
4A7/75
4/24/75
5A/75
5/8/75
5A5/75
7.14
7.14
7.18
7.18
7.17
-.51
-.50
-.47
-.4 7
-.48
2,105
2,119
2,104
2,102
2.004
2,200
11/21/74
11/29/74
12/5/74
12A2/74
12/26/74
1/2/75
5/22/75
5/29/75
6/5/75
6A2/75
6/26/75
7/3/75
7.16
7.11
7.14
7.13
7.08
7.05
-.48
-.45
one-year
Bank discount
Issue
date
Maturity
date
Bid
one-year
Change from
last month
$1,802
1,802
1,801
1,801
1,802
1A5/74
2A2/74
3A2/74
4/9/74
5/7/74
1A4/75
2A1/75
3A1/75
4/8/75
5/6/75
6.87%
6.93
7.04
7.15
7.18
-.75%
-.61
-.54
-.49
-.47
1,802
1,802
1,806
1.803
1.803
6/4/74
7/2/74
7/30/74
8/27/74
9/24/74
6/3/75
7A/75
7/29/75
8/26/75
9/23/75
-.4 6
-.53
-.56
-.48
-.56
2,003
2,002
2,001
10/22/74
11A9/74
12A7/74
10/21/75
llA S /75
12A6/75
7.14
7.08
7.03
7.02
6.93
6.92
6.85
6.74
-.47
-.41
Special Issue
$3,502
7.12
6A9/75
11/4/74
7.08
2,003
6/30/75
9/4/74
*.54
Federal Financing Bank Bills and Tax Anticipation Bills
Amount
outstanding
(millions)
52-week
$2,251 TAB
1,256 TAB
1,501 FFB
Bank discount
Issue
date
Maturity
date
Bid
Change
from last
month
4/16/75
6/17/75
3/31/75
7.01%
7.03
7.06
-.32%
-.51
-.57
52-week
12/3/74
12/5/74
7/30/74
T a ble MQ-2. - T reasu ry N otes
(Price decimals are 32ds)
Price
Amount
outstanding
(millions)
$4,015
1,222
6,760
1,776
7,679
2,042
3,115
1,731
3,739
4,945
1,532
2,697
2,802
2,704
4,194
3,883
2,021
4,325
2,263
5,163
2,565
5,334
4,918
3,630
8,389
2,462
8,207
1,016
1,250
4,559
1,604
2,241
Description
Bid
Yield
Change
from last
month
5-3/4%
5-7/8
6
5-7/8
5-7/8
8-3/8
7
7
6-1/4
5-7/8
2/15/75-A
2A5/75-E
5A 5/75-B
5/15/75-F
8A5/75-C
99.24
99.24
99.14
99.14
99.04
9/30/75- G
11/15/75-D
12/31/7 5-H
2A 5/76-A
2A 5/76-F
100.24
99.28
99.28
98.26
98.13
+ .11
+.09
+.09
+.11
+.13
+.08
+.12
+.14
+.02
+.12
8
6-1/2
5-3/4
8-3/4
7-1/2
3/31/76-H
5A 5/76-B
5A 5/76-E
6/30/76-1
8A 5/76-C
100.26
99.31
98.00
102.01
100.06
+.03
+.08
+.10
+.04
-.01
6-1/2
5 -l/4
6-1/4
7-1/4
8
8A 5/76-G
9/30/76-J
11A 5/76-D
12/31/76-K
2A5/77-A
+.02 + .01
+.07
6-7/8
9
7-3/4
7-3/4
6-1/4
5A 5/77-C
5A 5/77-D
8A 5/77-B
11A5/77-E
2A 5/78-A
8-3/4
6
7-7/8
7-7/8
6-1/4
6-5/8
7
8A 5/78-C
11/15/78-B
5/15/79-D
5A 5/79-D
8/15/79-A
11A 5/79-B
11A 5/79-C
98.22
101.12
98.04
99.28
101.15
99.02
103.17
101.02
101.02
97.03
104.22
95.23
102.28
101.28
96.12
Footnotes at end of Table MQ-3.
97.21
98.27
+ .10
+ .13
+.07
+ .12
+ .12
+ .17
+.22
+ .24
+ .23
+1.04
+1.13
+1.03
To
maturity
7.74%
7.86
7.52
7.40
7.35
7.32
7.15
7.13
7.38
7.39
7.30
7.31
7.31
7.29
7.37
7.37
7.39
7.34
7.32
7.23
7.31
7.35
7.30
7.33
7.31
7.25
7.29
7.37
7.33
7.19
7.20
7.29
Price range since first traded 1/
Change
from last
month
Issue
date
Low
High
Price
Price
2A 5/68
10/22/71
5A 5/68
4/3/72
2A 5/71
104.2 0 .
102.10
105.22
101.07
105.00
3/22/71
1A4/72
3/22/71
5/30/72
3/22/71
89.18
96.00
90.00
95.16
95.01
12/29/69
8/7/73
5/18/71
8/7/73
8/7/73
9/4/73
8A 5/71
11/1 5/73
2A 5/69
8A 5/72
102.26
106.09
100.24
106.24
100.0l|
12A7/73
1/14/72
2/6/74
3/22/71
8/9/72
8/23/74
8/23/74
8/23/74
1/30/70
8/7/73
4/9/74
5A 5/69
2A 5/72
5A 5/74
10A/69
101.07
107.24
101.00
102.14
111.28
12/20/74
3/22/71
2/17/72
12/18/74
3/22/71
-.18
2A5/73
9/30/74
9/8/71
12/31/74
2A 5/70
99.26
102.02
103.27
100.01
114.08
2A 5/73
12/09/74
12/28/71
12/26/74
3/22/71
98.04
96.27
96.19
91.20
94.04
98.00
92.16
93.12
99.02
97.04
95.04
99.24
94.02
99.28
98.08
8/23/74
1/30/70
8/26/73
8/23/74
8/26/74
8/26/74
10/2/74
8/23/73
12/31/74
8/23/74
-.17
-.15
-.17
-.15
-.17
2A 5/74
8A 5/74
8A 5/70
11A5/74
2A5/71
100.16
104.10
114.00
101.25
106.20
2A4/74
12/19/74
3/22/71
12A8/74
3/22/71
94.29
99.31
97.04
100.14
92.06
8/26/74
8/23/74
8/26/74
11A8/74
8/23/74
-.24
-.20
-.20
-.28
5/15/74
11/15/71
11/6/74
1/9/75
8A 5/72
12/18/74
1A4/72
12AS/74
12/31/74
11/25/72
2A5/73
11A5/73
99.24
90.10
99.21
101.28
90.04
91.02
92.16
8/23/74
8/23/74
10/29/74
12/31/74
8/23/74
-.34
-.27
105.14
101.08
103.04
101.28
100.20
100.06
101.10
.56
.39
.54
.43
.42
.40
.42
-.02
.23
.12
.14
.15
.16
.01
-00
.06
4/9/73
12/20/73
8/23/74
8/23/74
January 1975
M A R K E T Q U O T A T IO N S ON T R E A S U R Y
S E C U R IT IE S , D E C E M B E R 31, 1974,
T a b le M Q -2. - T r e a s u ry N o te s —C o n tin u e d
(Price decimals are 32d's)
Price
Amount
outstanding
(millions)
Description
30
27
11
5
17
6-7/8%
9
7
7-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
15
3
2
1
1-1/2
1-1/2
1-1/2
1-1/2
$7,265
4,292
1,842
2,715
8
_
_
_
_
-
_
_
_
_
-
_
_
-
Yield
Price range since first traded 1/
Bid
Change
from last
month
To
maturity
5/15/80-A
8/15/80-B
2/15/81-A
ll/15/81-B
4/1/75-EA
98.02
107.08
98.19
102.06
97.08
+1.12
+1.15
+1.27
+2.01
+.28
10/1/75-E0
4/1/76-EA
10/1/76-E0
4/l/77-EA
10/1/77-E0
94.16
91.26
89.08
86.24
84.16
+1.02
+1.06
+1.14
+1.10
+1.28
7.32%
7.40
7.29
7.34
13.19
9.32
8.58
8.24
8.07
7.89
-.31%
-.33
-.38
-.38
+.16
-.70
-.57
-.62
-.45
-.66
4/1/78-EA
10/1/78-E0
4/1/79-EA
10/1/79-E0
81.28
79.20
77.22
75.12
+.30
+1.22
+1.29
+1.30
7.95
7.89
7.77
7.81
-.60
-.11
-.49
-.48
Issue
date
Change
from last
month
High
Price
Low
Price
Date
5/15/73
8/15/74
2/15/74
11/15/74
4/1/70
100.22
108.06
100.26
103.05
94.28
10/9/73
12/18/74
2/14/74
12/18/74
9/30/74
Date
91.16
100.21
91.14
100.02
74.26
10/1/70
4/1/71
10/1/71
4/1/72
10/1/72
91.24
88.30
88.16
85.06
83.18
9/30/74
9/30/74
7/31/74
3/29/74
3/29/74
76.16
80.02
80.26
80.02
80.16
8/23/74
8/23/74
8/23/74
11/27/74
5/29/70
10/30/70
6/30/71
10/29/73
4/28/72
10/31/72
4/1/73
10/1/73
4/1/74
10/1/74
81.28
80.08
78.06
75.12
12/31/74
2/28/74
4/30/74
12/31/74
79.16
77.20
75.12
73.04
9/30/74
9/30/74
9/30/74
10/31/74
T a b le M Q -3. - T r e a s u r y B o n d s
(Price decimals are 32d's)
Price
Amount
out
standing
(millions)
Description
$1,197
1,459
2,570
1,894
807
4-1/4
3-1/4
4
3-1/2
7
2,702
2,353
915
1,216
3,750
6-3/8
6-3/8
3-1/4
6-1/8
3-1/2
3,605
224
627
1,914
1,384
757
692
2,901
2,415
4-1/4
4
6-3/4
7-1/2
4-1/8
3
7
3-1/2
8-1/2
_
_
_
_
_
_
_
_
-
_
_
_
_
-
_
_
_
Bid
5/15/75-85
6/15/78-83
2/15/80
11/15/80
8/15/81
Change
from
last
month
High
Issue
date
Price
Low
Date
Price
Date
+2.00
+1.10
+1.06
+1.06
+1.00
1.33%
7.25
7.30
6.96
7.18
-.31%
-.22
-.26
-.23
-.19
4/5/60
5/1/53
1/23/59
10/3/60
8/15/71
105.28
111.28
103.18
97.24
110.02
5/5/61
8/4/54
5/12/61
5/12/61
11/15/71
66.30
62.02
71.04
66.24
93.16
5/26/70
5/26/70
12/29/69
5/24/70
9/18/74
94.14
94.28
75.02
91.08
74.20
7.39
7.12
6.61
7.24
6.09
-.19
-.10
-.18
-.24
-.13
2/15/72
8/15/72
6/3/58
11/15/71
2/14/58
101.14
99.24
101.04
100.20
106.26
3/9/72
11/15/72
6/11/58
11/5/71
4/21/58
86.16
87.12
61.08
87.16
59.20
8/28/74
8/27/74
5/26/70
8/27/74
5/26/70
6.66
6.39
7.68
7.86
6.41
5.03
7.75
5.43
8.17
-.14
-.09
-.04
-.05
-.15
-.10
-.09
-.08
+.04
8/15/62
1/17/63
1/10/73
8/15/73
4/18/63
2/15/55
5/15/73
10/3/60
5/15/74
104.10
100.11
. 99.22
104.14
100.26
12/26/62
1/16/63
1/4/73
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
12/18/74
63.00
62.18
82.18
89.16
61.26
59.20
84.04
59.20
97.02
5/26/70
5/26/70
8/26/74
8/26/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
2/
2/
2/
2/
75.06
74.18
91.00
96.16
74.28
y
y
y
y
74.16
92.00
74.12
103.14
+1.02
+.30
+.30
-.14
y
To first
call or
maturity
2/
Price range since first traded 1/
77.28
75.02
86.04
83.18
99.02
+1.02
+.22
+1.03
+1.25
+1.04
+1.08
+.25
+.12
+.16
+1.12
2/15/82
8/15/84 2/
5/15/85 2/
11/15/86 y
2/15/90 y
8/15/87-92
2/15/88-93
2/15/93
8/15/88-93
5/15/89-94
2/15/95
5/15/93-98
n/15/98
5/15/94-99
Change
from
last
month
Yield
1/ Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued" prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
101.12
99.22
95.14
105.18
2/ On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
2/ Included in the average yield of long term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
YIELDS OF TREASURY SECURITIES DECEMBER 31, 1974
Based on closing bid quotations
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
£
>
»
W
H
H
«0
c
o
>
H
O
2
CZi
3
a
sa
H
>
GO
C3
►C
175
H
O
S3
H
Ul'
d'
H
O
M
S
dd
M
CD
^1
4^
i
ba
a.
Note: The smooth curve is fitted by eye. Market yields on coupon issues due in less than 3 months are excluded.
January 1975
.________________ AVERAGE YIELDS OF LONG -TERM BONDS
Table AY-1. - Average Y ields o f Long-Term Treasury, Corporate and M unicipal B on ds by Periods
Treasury
bonds 1/
Period
Feb...........
June..........
July..........
Aug...........
3.89 y
3.92
3.93
3.97 V
3.97
4.00
S. I. A.
Aa new
corporate new Aa
bonds 2/ munic ipal
bonds 2/
1963
4.22
4.25
4.28
4.35
4.36
4.32
S. I. A.
S. I. A.
Treasury Aa new
new Aa
new Aa
bonds 1/ corporate municipal
municipal
bonds 2/
bonds 2/
bonds 2/
Monthly series - averages of daily or weekly series
Treasury
bonds 1/
Aa new
corporate
bonds 2/
1966
2.98
3.00
2.95
3.00
3.00
3.10
4.43
4.61
4.63
4.55
4.57
4.63
4.93
5.09
5.33
5.38
5.55
5.67
3.65
3.63
3.65
3.45
3.60
3.70
5.74
5.86
6.05
5.84
5.85
6.05
5.81
6.04
6.14
6.04
6.11
5.98
3.80
4.10
3.93
3.85
3.90
3.80
6.07
6.02
6.32
6.27
6.52
6.81
1969
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
9.00
8.84
9.00
9.09
9.53
9.70
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
1972
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
4.75
4.80
5.10
5.13
5.20
5.60
5.62
5.67
5.66
5.74
5.64
5.59
5.60
5.90
6.05
5.90
6.05
6.65
5.59 4 /
5.59
5.70
5.69
5.51
5.63
6.55
6.25
6.15
6.60
7.00
7.10
5.96 4/
6.14
6.20
6.11
6.25
6.32
7.61
7.67
7.75
7.70
7.69
7.73
4.01
3.99
4.04
4.07
4.11
4.14
4.34
4.34
4.40
4.37
4.42
4.49
1964
3.08
3.00
3.10
3.10
3.20
3.15
4.75
4.80
4.79
4.70
4.74
4.65
Apr...........
May...........
June..........
4.15
4.14
4.18
4.20
4.16
4.13
4.50
4.39
4.45
4.48
4.48
4.50
3.08
3.05
3.15
3.18
3.15
3.20
4.40
4.47
4.45
4.51
4.76
4.86
5.53
5.35
5.55
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
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
4.13
4.14
4.16
4.16
4.12 5/
4.14
4.44
4.44
4.49
4.49
4.48
4.49
3.10
3.10
3.15
3.15
3.12
3.10
4.86
4.95
4.99
5.19
5.44
5.36
6.06
6.30
6.33
6.53
6.87
6.93
1968
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
9.08
9.00
9.14
8.97
8.13
1971
6.22
6.00
6.15
6.25
6.05
5.20
6.53
6.85 4/
6.41
6.25
6.30
6.35
7.97
8.45
8.10
7.97
7.95
8.09
1974
3.00
3.08
3.10
3.05
3.10
3.20
3.20
3.15
3.30
3.30
3.35
3.45
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
6.57
6.57
6.80
6.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
7.63
7.54
7.62
7.76
8.25
8.15
8.32
8.21
• 8.60
9.04
9.39
9.59
5.19
5.25
5.42
5.61
5.89
5.92
4.45
4.20
4.30
4.30
4.50
4.63
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
7,09 4/
7.02
6.91
6.54
6.69
6.88
7.00
7.28
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 4 /
5.48
5.62
7.18
7.33 1/
7.30
7.22
6.93
6.77
10.18
10.30
IO.44
10.29
9.22
9.47
6.75
6.55
6.64
6.33
6.33
6.86
Oct...........
Jan...........
Feb...........
1967
1965
Feb...........
Apr...........
May...........
June..........
July..........
Aug...........
Oct...........
Dec...... .....
Period
4.14
4.16
4.15
4.15
4.14 5/
4.14
4.15
4.19
4.25
4.28
4.34
4.43
Treasury
bonds 1/
4.45
4.45
4.49
4.48
4.52
4.57
4.57
4.66
4.71
4.70
4.75
4.92
Aa new
corporate
bonds 2/
S. I. A.
new Aa
mimic ipal
bonds 2/
Period
Treasury
bonds 1/
Aa new
corporate
bonds 2/
8.24
8.14
7.90
7.72
7.67
7.54
S. I. A.
new Aa
municipal
bonds 2/
1973
Period
Treasury
bonds 1/
Aa new
corporate
bonds 2/
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
S. I. A.
new Aa
municipal
bonds 2/
Weekly serie s average for weeks ending 1974
July
Aug.
1974
5....
12....
19__
26__
7.12
7.22
7.24
7.11
9.88
10.13
10.17
10.25
n.a.
6.88
n.a.
n.a.
2 __
9 __
16__
23....
30....
7.23
7.31
7.36
7.31
' 7.36
10.46
10.33
10.17
10.30
10.40
6.50
6.45
6.53
6.33
6.85
13
20 , ,,
27.. ..
11,
18,
1974
7.34
7.30
7.32
7.27
10.48
10.43
10.35
10.50
n.a.
6.57
6.50
6.83
7.31
7.26
7.22
7.19
11.00
10.65
10.25
9.96
6.70
6.60
6.18
6.07
l/ Treasury bond yields are based on a composite of closing bid quota
tions in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds dtirrfetttly in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protection.
8.....
22.....
29.....
13.....
20.....
27.....
7.12
7.04
6.92
6.87
6.87
6.89
6.74
6.70
6.77
9.61
9.33
9.17
9.11
9.27
9.43
9.40
9.49
9.55
6.41
6.50
6.18
6.38
6.22
6.88
6.87
6.85
n.a.
The value of 5 years call protection in that period ranged from 10 to
25 basis points.
2/ Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
One
or more new long-term bonds added to the average.
ij
j>/ An existing bond dropped from the average.
n.a. Not available.
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE AND MUNICIPAL BONDS
PERCENT
PERCENT
10.0
10.0
>
<
M
W
>
a
M
t-*
o
in
O
r
o
2
o
H
h
td
o
2
o
go
i
1965
1967
1970
1966
1972
1968
1969
1971
'Change inAa computation method effectiveJune 1973, See footnote 2 following table AY-1
1973
1974
1975
a -.
8
75
January 1975
.E X CH A N G E ST A B IL IZ A T IO N FU N D .
Table ESF-1. - Balance Sheets as o f J u n e 30, 1974 and
Assets, Liabilities, and Capital
Septem ber 30, 1974p
June 30, 1974
September 30, 1974p
Assets
Cash:
Account of U.S. Treasury (includes Undeposited Collections)...
Federal Reserve Bank of New York, special account...
Imprest fund...............................
$556,175.29
229,860,395.95
Total cash......................
Special drawing rights 2/...........
Special account of Secretary of the Treasury with Federal Reserve Bank
of New York - Gold..................
Foreign exchange due from foreign banks: 1/
Banque de France.....................
Banque Nationale de Belgique....
Bank of Canada...................
Deutsche Bundesbank................
Bank of England...................
Banca d' Italia..............
Sveriges Riksbank.............
Banque Nationale Suisse.......
Bank for International Settlements......
$339,470.07
107,065,425.01
15210yf
Lc
~f\JLvJj571
y (-L•2A
$107,404,895.08
2,194,738,480.58
2,282,039,711.72
85 278 122 LL
85,278,322.44
2LL 710 51
251,943.10
22,309.07
102,980.05
2,900,634.40
246,399.15
5,618.'79
5,697.53
11,336.79
22 309.07
102/980.05
2 958 8Z/ D7
252,488.97
^yA
i1£
o,
0.
O .n(7
5,697.53
11,336.79
2,363,944,975.47
2,409,643,493.79
Investments in:
U.S. Government securities...........
Foreign securities.............
Accounts receivable............................................
23,971,999.00
Furniture and equipment (includes automotive equipment).............
Less allowance for depreciation...............................
412,199.10
175,775.83
Buildings.....................................................
Less allowance for depreciation...............................
50.000.00
18.000.00
51,394,255.35
236,423.27
421,460.63
184,142.10
32,000.00
50,000.00
18,450.00
237,318.53
31,550.00
Land.........................................................
100,000.00
100,000.00
Total assets..................................................
4,902,258,458.31
4,939,740,765.28
Accounts payable...............................................
9,918,530.64
44,332,947.95
Special deposit accounts........................................
3,000,000.00
3,000,000.00
1,162,000,000.00
400,000,000.00
1,162,000,000.00
400,000,000.00
Liabilities and Capital
Advance from U. S. Treasury (U. S. drawing on I.M.F. )...............
Special drawing rights certificates...............................
Deferred liability - Foreign Exchange Revaluation...................
Special drawing rights allocations...............................
Capital account................................................
Deduct subscription to International Monetary Fund..............
Net income (see Table ESF-2).....................................
Note:
Annual balance sheets for fiscal years 1934 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 w;th December 31, 1938 have been published in the Treasury
Bulletin.
1/ Excludes foreign exchange transactions for future and spot delivery.
2,723,241,896.98
2,767,338,843.93
2,000,000,000.00
1,800,000,000.00
200,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
360,001,083.74
407,165,920.35
4,902,258,458.31
4,939,740,765.28
based on a weighted average of exchange rates for the currencies of 16
member countries. The United States SDR holdings and allocations are
valued on this basis beginning July 1974.
p Preliminary.
Treasury Bulletin
76
E X C H A N G E S T A B IL IZ A T IO N FU ND,
Table ESF-2. - In com e and Expense
Classification
January 31, 1934 through
June 30, 1974 p
January 31, 1934 through
September 30, 1974p
$242,214,732.59DR
$241,864,091.11 DP
3,473,362.29
3,473,362.29
102,735.27
102,735.27
1,325,207.14
1,325,207.14
185,971.31
183,809.00
654,833,934.78
703,086,737.80
Income:
Profits on transactions in:
Gold and exchange (including profits from
Interest on:
25,732,092.40DR
32,338,916.02 DR
180,745,507.08
180,438,929.27
Revaluation of SDR holdings and allocations 1/......................
102,206,188.61DR
102,206,188.61 DR
Total income...................................................
470,513,704.27
520,804,792.18
8,603,207.15
Expense:
Personnel compensation and benefits................................
79,512,598.45
81,796,854.85
Travel........................................................
5,188,244.76
5,461,210.91
Transportation of things.........................................
4,236,356.33
4,286,243.46
Pent, communications, and utilities................................
2,492,066.08
2,563,586.39
Supplies and materials...........................................
676,541.27
694,648.94
18,371,338.63
18,824,136.79
Total.........................................................
110,477,145.52
113,626,681.34
Prior Year Expense..............................................
35,475.01
12,190.49
360,001,083.74
407,165,920.35
Net income............................ ...... .............. .
1/ Revaluations of SDR holdings and allocations arising from the Par
Value Modification Act as amended.
2/ Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted average of exchange rates for the currencies of 16
member countries. The United States SDR holdings and allocations are
valued on this basis beginning July 1974.
p Preliminary.
January 1975
77
.IN TE R N A TIO N AL FIN A N C IA L S T A T IS T IC S
Table IES-3 presents an area breakdown of United States
liquid and nonliquid liabilities to official institutions of
foreign countries.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
A number of changes
were introduced in the May 1967 and July 1972 issues of the
Bulletin to increase the usefulness of this section.
Table IFS-4 shows United States Treasury nonmarket able
bonds and notes issued to official institutions of foreign
countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve po
sition in the International Ivbnetary Fund.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.
Table IFS-2 brings together statistics on liquid and
nonliquid liabilities to foreign official institutions, and
liquid liabilities to all other foreigners, which are used
in the United States balance-of-payments statistics.
Table IFS-7 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
Total
reserve
assets
Total
Treasury —/
1957..........................
1958..........................
1959..........................
1960..........................
1961..........................
1962..........................
1963..........................
1964..........................
1965..........................
1966..........................
1967..........................
1968..........................
1969..........................
1970..........................
1971...........................
1972..........................
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964 7/
14,487
12,167 8/
13,151 2/
14,378 10/
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2/
11,652 10/
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
10,1-32
.
10,410 zr
11,567 10/
1973-Dec.......................
1974-Jan.......................
Feb.......................
14,378
11,652
11,567
14,565
14,643
14,588
14,0®
14/870
14,946
14,912
15,460
15,893
15,890
15,840
15,883
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
ll,o52
11, 567
11,567
11,567
11,567
11,567
11.567
June......................
July......................
Aug............... .......
11/
11/
11/
11/
11/
11/
l/ Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
2/ Prior to December 1974, excludes gold held by the Exchange Stabili
zation Fund. On December 9, 1974, the Treasury acquired all gold
held by the Exchange' Stabilization Fund. See "Account of the U.S.
Treasuiy,” Table UST-4.
2/ Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
y
Includes holdings of Treasury and Federal Reserve System.
5/ The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts equal to the United States quota. See Table IFS-5.
6/ Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve posi
tion.
7/ Includes gain of $67 million resulting from revaluation of the Ger
man mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
11,567
11,567
11,567
11,567
11,567
11,652
Special
drawing
rights j/
_
_
_
_
_
_
_
_
_
_
_
851
1,100
1,958 2/
2,166 10/
2,166
2,166
2,166
2,166
2,157
2,163
2,195
2,227 11/
2,200 11/
2,282 T3/
2,306 11/
2,329 11/
2,374 11/
Reserve
position in
International
Monetary Fund 5/
Convertible
foreign
currencies 4/
_
_
_
_
116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
8
8
59
68
9
9
66
94
12
224
246
193
43
5
.
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
585
465. 2/
552 10/
552
688
757
761
824
989
1,005
1,021 11/
1,384 11/
1,713 11/
1,739 11/
1,816 11/
1,852 11/
3 and 4, Table IFS-4.
8/ Includes $28 million increase in dollar value of foreign currencies ■
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
9/ Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund.
10/ Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar on October 18, 1973, consisting of
$1,165 million total gold stock, $1,157 million Treasury gold stock,
$217 million special drawing rights, and $54 million reserve position
in the International Monetary Fund.
11/ Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted average of exchange rates for the currencies of
16 member countries. The United States SDR holdings and reserve
position in the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDR 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U.S. reserve position
U.S. total
in the IMF
July
14,921
2,233
1,024
Aug.
2,240
1,407
15,523
Sept.
2,318
15,949
1,733
Oct.
1,748
2,326
15,919
Nov.
1,807
15,828
2,326
Dec.
2,338
1,817
15,812
78
Treasury Bulletin
IN TERN ATIO N AL FINANCIAL STA TISTIC S
T a b le IF S -2 . - U .S . L iq u id and O th e r L ia b ilit ie s to F o r e ig n O f f i c i a l I n s t it u t io n s ,
a n d L iq u id L ia b ilit ie s to A ll O th e r F o r e ig n e rs
(In millions of dollars)
Liabilities to foreign countries
End of
calendar
year
or month
Total
Liquid
liabil
ities
to IMF
arising
from
gold
trans
actions 1/
Official institutions 2/
Liquid
Total
Non
Market market
Short
able
able
term
convert
liabil U.S.
Treasury ible U.S.
ities
Treasury
reported bonds
bonds
by banks and
in U.S.
notes 2/ and
notes
n.a.
n.a.
966
11,078
11,088
7,917
8,665
9,154
10,212
10,212
n.a.
n.a.
10,120
1960 10/.........
(20,994
(21,027
200
200
500
800
800
1961 10/.........
/22,853
[22,936
800
800
11,830
11,830
10,940
10,940
890
890
1962 10/.........
j24,268
\24,268
800
800
12,948
12,914
751
751
1963 10/.........
/26,433
(26,394
800
800
14,459
14,425
11,997
11,963
12,467
12,467
1964 10/.........
r29,313
(29,364
800
800
15,790
15,786
29,569
834
1,011
1,011
1,033
1,033
1,030
1,030
18,201
18,194
17,407
17,340
1,019
1,019
1957.............
1958.............
1959.............
1965.............
15,825 2/
16,845 9/
19,428
f31,145
i31,020
1967 10/.........
|35,819
i 35,667
9
9
63
63
13,224
13,220
1,125
1,125
1,079
1,079
158
158
204
204
15,826
13,066
1,105
1,201
120
14,841
14,896
12,484
12,539
860
860
256
256
334
328
328
14,034
14,027
908
908
711
711
913
913
1,807
1,807
11,318
11,318
529
462
701
701
15,975 llif 11,054
15,998
11,077
346
346
306
295
j47,009
(46,960
566
566
23,786
23,775
1971 10/ 12/..... .
/67,681
(67,808
544
544
51,209
50,651
61,526
1973............
1973-Nov........ .
Dec........ .
1974-Jan........ .
Feb.........
Mar........ .
Apr........
May........
June........
July........
Aug.........
Sept........
Oct .p.......
Nov.p.......
1/
2/
1/
A/
1/
6/
If
-
92,391 12/
92,413
92,391
89,900
91,857
95,572
97,368
100,929
103 ,731
106,757
109,751
110,366
111,729
114,419
_
_
_
_
_
_
_
_
_
_
-
-
1,217
1,183
1970 10/........
82,861
-
_
_
-
1969 10/........ .
1972............
-
_
_
_
703
703
/38,687
( 38,473
[45,755 11/
\45,914
1968 10/.........
Non
market
Other
able
readily nonmarket- - convert
able
ible U.S.
liabil Treasury
ities 4/ bonds and
notes f>/
_
_
200
200
19,333
19,333
39,679
39,018
40,000
66,810 12 1 43,919
67,400
43,791
66,810
43,919
41,556
63,871
41,992■
64,100
43,412
65,527
45,175
67,154
46,177
68,160
47,430
69,994
48,447
71,091
48,400
70,970
50,107
72,601
50,813
73,643
51,621
74,774
866
876
1,955
1,955
5,236
5,701
6,207
5,701
5,229
5,192
5,192
5,020
5,013
5,013
5,013
4,940
4,880
4,880
4,906
i: Table is based on Treasury Department data and on data reported to
the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of nonmarketable, nonconvertible U.S. Treasury notes issued to foreign of
ficial nonreserve agencies and the inclusion of investments by foreign
official reserve agencies in debt securities of U.S. Federally-spon
sored agencies and U.S. corporations. Table excludes International
Monetary Fund "holdings of dollars," ’and holdings of U.S. Treasury
letters of credit and nonnegotiable, noninterest^ bearing special U.S.
notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary Fund
to mitigate the impact on the U.S. gold stock of foreign purchases for
gold subscriptions to the Fund under quota increases, and U.S. Govern
ment obligations at cost value and funds awaiting investment obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; break
down of transactions by type of holder estimated 1960-1963.
Includes long-term liabilities reported by banks in the United States
and debt securities of U.S. Federally-sponsored agencies and U.S.
corporations.
Excludes notes issued to foreign official nonreserve agencies.
Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Includes marketable U.S. Government bonds and notes held by foreign
banks.
2,341
2,341
555 11/ 1,505
1,505
555
429
429
6,060
6,093
12,108
Liquid
liabili
ties
to non
monetary
Market interna
tional
able
and re
U.S.
gional
Gov’t.
bonds
organi
and notes zations
8/
2/ 1 /
Liquid liabilities
to other foreigners
695
695
144
144
543
12,319 12>/ 1,661
1,849
12,319
1,661
12,319
12,321
1,555
12,322
1,384
12,329
1,384
12,330
1,419
1,430
12,330
1,566
12,330
1,646
12,330
12,330
1,645
12,330
1,629
12,330
1,753
2,050
12,330
'
Short
Liquid
term
liabil
liabil
ities
ities
to.
Total reported
banks 6/
by banks
in U.S.
3,472
3,520
4,678
4,818
4,818
n.a.
2,252
n.a. . 2,430
2,940
2,399
2,230
2,773
2,780
2,230
n.a.
n.a.
541
764
1,047
1,190
543
550
1,525
1,541
1,948
1,949
2,161
2,195
1,960
1,965
2,871
2,873
2,355
2,357
516
516
2,565
2,565
488
448
5,817
5,817
3,013
3,013
3,397
3,387
3,046
3,046
7,271
7,303
3,730
3,753
3,354
3,377
351
341
376
376
7,419
4,059
3,587
472
10,116 4,271
9,936 '4,272
528
528
1,431
906
905
558
558
691
677
5,404
5,484
5,346
5,346
1,722
1,722
11,209
11,085
14,472
14,472
4,685
4,678
3,743
3,744
4,127
4,120
5,053
4,909
4,444
4,444
609
465
725
722
2,515 11/' 23,638
2,515
23,645
4,464
4,589
3,939
4,064
525
525
659
663
17,137
17,169
10,262
10,949
4,676
4,604
4,138
4,141
4,029
4,039
3,691
3,694
647
565
447
447
844
846
1,528
1,523
14,666
5,043
4,618
425
1,626
5,931
5,7.21
5,931
6,067
6,249
6,571
6,816
6,906
7,173
7,338
7,523
8,051 1
8,125
8,394
5,501
5,311
5,501
5,618
5,839
6,171
6,399
6,540
6,810
741
741
2,518
2,518
3,023
3,023
3,371
3,441
3,639
3,210 12 ' 17,64?
17,282
‘ 3,234
3,210
17,647
3,210
18,040
3,210
19,715
3,210
22,056
3,210
22,103
3,210
24,316
3,655
24,854
3,655
26,517
3,655
29,224
3,655
27,783
27,901
3,867
3,867
29,111
6,961
7,157
7,658
7,694
7,913
430
410
430
449
410
400
1+17
366
363
377
366
393
431
48I
2,003
2,010
2,003
1,922
1,793
1,418
1,295
1,547
1,710
1,811.
2,034
1,931
2,060
2,140
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
9/ * Includes total fpreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
IQ/ Data on the two lines shown for this date differ because of changes m
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
11/
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
12/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with -"'bands''a number of reporting banks are included in the
series for the first time* and foreign currency liabilities to of
ficial institutions of foreign countries are increased in value by
$110 million to reflect market exchange rates as of December 31, 1971,
as follows: U.S. Treasury certificates, $7 million; nonmarketable
convertible U.S. Treasury bonds and notes, $33 million; and non
marketable nonconvertible U.S. Treasury bonds and notes, $70 million.
12/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; nonmarketable convertible US Treasury notes, $128 million;
and nonmarketable nonconvertible US Treasury notes, $19 million.
8/
n.a. Not available,
p
Preliminary.
j9
January 1975
.INTERNATIONAL FINANCIAL STATISTICS.
T a ble IFS-3. - U.S. L iqu id and O ther Liabilities to O ffic ia l In stitu tio n s
o f Foreign Countries, by Area
(,ln millions of dollars;
Other
countries
2/
Total
foreign
countries
Western
Europe
1/
196 3
14,425
8,508
1,789
1,058
2,740
154
176
196 4
196 5
1966 1/.
15,786.
9,325
8,826
1,812
3,028
160
178
1,702
1,283
1,550
7.772
7.772
1.333
1.333
1,310
1,310
1,310
1,582
3,309
3,900
3,955
4,428
194
278
278
245
248
248
250
303
1,867
1,866
5,043
4,997
259
248
303
302
1.624
1.624
1.865
1.865
1,888
1,911
4.552
4.552
546
546
291
291
13,620
13,615
30,010
30,134
2.951
2.951
1,681
1,681
4,713
4,708
407
407
3.980
3.980
1,414
1,429
415
415
777
414
413
871
870
2,963
End of
calendar year
or month
196 7
15,826
14,841
14,896
1968 1/.
18,194
17,407
17,340
1969 1/--
15,975 U
15,998 4/
1970 2/--
23,786
23,775
1971 1/ 5/.
51,209
50,651
10,321
8,070
8,062
7.074 k/
7.074 5/
Latin
American
Republics
1972.
61,526
.34,197
4,279
1,733
14,519
13,823
17,577
1973.
66,310' 6/
45,717 6/
3,853
2,544
10,884
788
3,024
1973-Nov..
Dec.v
67,400
66,810
46,002
45,717
3,820
3,853
3,086
3,024
63,871
64,100
fc>5,527
67,154
68,160
69,994
71,091
70,970
72,601
73,643
74,774
43,270
42,391 .
42,772
42,638
42,961
43,200
43,002
42,292
42,675
43,025 '
43,158
3,945
4,262
4,195
4,309
4,302
4,201
4,125
3,953
3,819
3,809
3,710
11,474
10,884
10,479
10,878
11,631
12,360
12,988
13,992
15,209
15,526
16,182
17,187
18,426
785
788
1974-Jan.„
Feb..
Mar. .
Apr. .
May..
June.
July...
Aug....
Sept...
Oct..p.
Nov..p.
2,233
2,544
2,446
2,7442,887
3,532
3,384
4,006
838
1,000
1,249
1,402
1,620
1,854
2,055
2,272
2,850
2,947
3,204
2,893
2,825
2,793
2,913
2,905
2,741
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign official nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations. The table does not include certain nonliquid
liabilities to foreign official institutions which enter into the cal- •
culation of the official reserve transactions balance by the Depart
ment Qf Commerce.
l/ Includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
2/ Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
3,951
4,127
4,421
3,986
3,619
2,749
2,800
2,654
2,689
2,657
coverage to those shown for the preceding date; iigUffea on the secund
line are comparable to those shown for the following date.
t±/ Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
.5/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
p
Preliminary.
Treasury Bulletin
80
- INTERNATIONAL FINANCIAL STATISTICS *______
Table IFS-4. - N onm arketable U.S. Treasury B onds and N otes
Issued to O fficia l Institutions o f Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year
or month
Total
Total
1962......... .............
1963......................
1964......................
1965......................
1966......................
1967.................. *.___
1968......................
1969......................
1970......................
1971......................
1972......................
1973......................
251
893
1,440
1,692
695
1,563
3,330
3,181 U
3,563
9,657 5/
15,872
15,669 6/,
1973-Dec...................
15,669
15,671
15,672
15,680
15,682
15,682
16,127
16,127
16,127
16,127
16,3,39
16,339
16,339
1974-Jan.... :.............
Feb...................
Mar...................
Apr...................
May...................
June..................
July..................
Sept..................
Oct...................
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
Belgium
-
_
32
32
32
32
20
-
Canada
1/
Denmark
-
" 125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
20
-
-
-
-
-
-
-
-
2,540
-
14,210
14,210
14,210
14,210
14,210
14,655
-
2,540
2,540
2,540
2,540
2,540
2,540
2, 540
2,540
2,540
2,540
2,540
2,540
_
_
-
14,655
14,655
14,655
14,867
14,867
14,867
-
->_
-
-
-
Italy
2/
5,000
11,315
11,670
-
"
15
15
15
15
15
j
|
-
_
_
-
11,670
11,670
11,670
11,670
11,670
12,115
12,115
12,115
_
Sweden
„---
13
160
184
177
146
135
25
22
22
-
11,670
-
Korea
-
-
14,210
-
Germany
12,327
12,327
12,327
^
Taiwan
_
25
25
25
25
25
25
-
j
-
Thailand
100
100
100
100
100
-
20
20
20
20
20
■
_
-
_
_
_
_
_
-
_
_
_
-
-
•-
-
-
-
-
-
-
_
_
-
-
-
_
_
_
_
_
_
-
-
_
_
-
-
-
-
-
-
_
_
_
_
_
_
"
Payable in foreign currencies
■End of
calendar
year
or month
Total
1962......................
1963......................
1964... '..................
1965......................
1966......................
1967......................
1968......................
1969......................
1970......................
1971......................
1972......................
1973......................
251
730
1,086
1,208
342
1,047
1,638
1,750 U
1,083
1,827 5/
1,539
1,459 6/
1973- Dec...................
1,459
1,461
1,462
1,470
1,472
1,472
1,472
1,472
1,472
1,472
1,472
1,472
1,472
1974-Jan...................
Feb...................
Apr...................
May...................
June..................
July..................
Aug...................
Sept............. *.....
Oct...................
Nov...................
Dec...................
Austria
!
Belgium
50
50
101
25
50
50
_
-
30
30
30
30
60
_
-
-
_
Note:
For further information, see "Public Debt Operations," Tables
PDO-8 and 9.
1/ Includes bonds issued to'the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
-
-
Germany
y
275
•679
602
50
601
1,051
1,084 4/
542
612
306
-
!
Italy
Switzerland
200
200
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
-
125
125
125
226
125
_
-
-
_
-
-
-
_
1,459
1,461
1,462
. 1,470
1,472
1,472
1,472
1,472
1,472
1,472
1,472
1,472
1,472
Bank for
International
Settlements
70
93
!
_
_
_
_
-
_
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
jj Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
j>/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IFS-1.
6/ Includes $15 million increase in March and .'$1^7 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
January 19 J5
81
IN TERN ATIO N AL FINANCIAL S T A T IS T IC S
T a b le IF S -5 . - U .S . P o s i t io n in th e I n t e r n a t i o n a l M o n e ta r y F u n d
(In millions of dollars)
IMF holdings
of dollars at
end of period
Transactions affecting IMF holdings of dollars
during period
If.5. transactions with fMF
Calendar year
or month
''
m ^ '777.
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
Payments
of
subcriptions in
dollars
.2705T
Net
gold
sales
by IMF
1/
Trans
actions
in
fore ign
curren
cies 2/
Too“
1,031
150
525
435
776
-84
1,155
541 7/
754 7/
22
712 6/
150
1,362
200
Transactions by
other countries
•with IMF
IMF net
income
in
dollars
Purchases
of
dollars 2/
-133
Total
change
Amount
Percent
• of
U.S.
quota
775
17
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
28
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
-5
7,531
93
91
91
91
90
88
88
dollars
-45
-2
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
-2,670
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
1973-Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..,
Dec..
Repur
chases
U.S.
reserve
position
in IMF
at end of
period
V
-4
-4
-4
-2
-5
-5
-4
-5
-6
-5
-9
-6
"hiote:
The initial U.&. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million in
October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire-U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures rep
resent repurchases of dollars, including dollars derived from charges
on purchases and from other net dollar income of the Fund. The United
States has a coirrnitment to repurchase within 3-5 years, but only to
the extent that the Fund’s holdings of dollars exceed 75 percent of
the U.S. quota. Purchases of dollars by other countries reduce the
U.S. commitment to repurchase by an equivalent amount.
2/ Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
-65
-61
-160
-12
-14
-378
-320
-50.
-4
827
271
-442
580
521
719
207
5
_
1
_
268
741
40
-137
-69
-4
-63
-165
-17
-18
-383
-326
-14
-59
-10
7,394
7,325
7,321
7,258
7,094
7,077
7,059 8/
6,675 8/
6,349 8/
6,335 $/
6,276 8/
6,265 8/
87
83
79
78
78
78
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 5/
326
420
1,290
2,324
1,935
585
465
552
552
688
757
761
824
989
1,005
1,021
1,384
1,713
1,739
1,816
1,852
T T 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.
5/ Includes $259 million gold subscription to the Fund in June 1965 for a
U.S. quota increase which became effective on February 23, 1966. In
figures published by the Fund from June 1965 through January 1966, this,
gold subscription was-included in the U.S. gold stock and excluded
from the reserve position.
6/ Includes $30 million of special drawing rights.
2/ Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
8/ Excludes currency valuation adjustments payable to the United States of
$20 million for July and $102 million for August; and currency valuation
adjustments payable to the Fund of $14 million for September, $42
million for October, $62 million for November, and $90 million
for December.
Less than $500,000.
Treasury Bulletin
___________________ I N T E R N A T I O N A L F IN A N C IA L S T A T I S T I C S ______________________________________
T a b le IF S -6. - U .S . N et M o n e ta ry G old T r a n s a c t io n s w ith F oreig n C o u n t r ie s
and In te r n a tio n a l and R e g io n a l O rg a n iza tio n s
(In millions of dollars) l/
Calendar year
|
Area and countiy
Oct. Dec.
July Sept.
-
-
-
-
_
-
_
_
_
-
-
-796
-
-
-
-
-
_
-
_
-
-
-
_
_
_
_
-
-25
*
-12
-18
-28
-23
-1
-25
-13
-42
-4
-1
-
-
_
-
_
_
_
-
_
_
_
-
_
_
_
_
_
-
-
1970 2/
1971
1972
Germany...............................
Greece...............................
Italy................................
Netherlands....................... .
Spain................................
Switzerland...........................
Turkey................................
United Kingdom.........................
Bank for International Settlements........
Other................................
4
25
325
500
-1
-76
-25
-18
200
36
-2
-129
-10
-50
51
-50
1
-15
-110
-473
-25
-175
12
-25
Total Western Europe....................
969
-204
_
Latin American Republics:
Argentina.............................
Brazil................................
Colombia..............................
Mexico................................
Peru.................................
Venezuela.............................
Other................................
Canada.................................
1974
1973
1969
Western Europe:
Austria...............................
Belgium...............................
Denmark...............................
1973
Jan.
Mar.
Apr. June
_
-
July Sept .
Total Latin American Republics...........
-54
-131
-5
-
-
-
-
_
-
-
Asia:
Japan................................
Other................................
42
-119
-95
-38
-3
-
-
-
-
-
~
Total Asia............................
42
-213
-38
-3
-
-
-
-
-
-
Africa:
T'vtal Africa..........................
-9
-70
-4
-
-
-
-
-
-
-
Other countries:
Total other countries...................
9
-11
-2
-
-
-
-
-
-
Total foreign countries...................
957
-631
-845
-3
-
_
-
International and regional organizations 2/-••
10
-156
-22
-544
-
-
-
_
_
_
Grand total.............................
967
-867
-547
-
-
-
-
-
-
-787 2/
1/ At $35 per fine troy ounce through May 8, 1972; at $38 from May 9, 1972
through October 18, 1973; and at $4.2.2222 thereafter. Negative figures
represent net sales by the United States; positive figures, net
acquisitions.
2/ Includes in 1970 total (Oct .-Dec .1970) the U.S. payment of $385 million
increase in its gold subscription to the IMF and gold sold by the IMF
to the United States in mitigation of U.S. sales to other countries
making gold payments to the IMF. The countiy data include, for the
-
j
i
_
1
same period, gold sales by the United States to various countries in
connection with IMF quota payments. Such sales to countries and resales
by the IMF totaled $548 million each.
2/ Includes International Monetary Fund gold sales to and(purchases
from the United States, gold deposits by the IMF (see Table IFS-2,
footnote 1) and withdrawal of deposits. The first withdrawal,
amounting to $17 million, was in June 1968.
* Less than $500,000.
January 7975
83
.INTERNATIONAL FINANCIAL STATISTICS.
T a b le IF S -7. - W eig h te d -A v e ra g e o f E x ch a n g e R a te C h an ges fo r the D o lla r
(Percent change relative to exchange rates as of end-May 1970)
Trade-Weighted Average Appreciation (+)
or Depreciation (-) of the U.S. Dollar 1/
Vis-a-Vis
End of calendar
year or month
Currencies of
OECD Countries 2/
Currencies of 47 Main
Trading Countries j/
1970....
-1.9
-1.0
1971..__
-8.2
. -4.5
197 2
-9.4
-4.5
197 3
-14.7
-9.3
1974/.....
-16.1
-9.5
1973-Dec..
-14.7
-12.0
-15.0
-17.3
-18.1
-17.4
-16.5
-15.2
-13.5
-13.8
-14.3
-14.8
-16,1
-9.3
-7.5
-9.6
-11.2
-11.8
-11.3
-10.6
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
This table presents calculations of weighted average
percentage changes in the rates of exchange between the dollar and
certain foreign currencies, in order to provide a measure of changes
in the dollar's general foreign exchange value broader than a measure
provided by any single exchange rate change. Calculations are pro
vided for two sets of countries that account for a major share of
U.S. foreign trade. U.S. bilateral trade patterns in 1972 are used as
a convenient, readily available proxy for the assignment of relative
weights to individual exchange rate changes, though such weights do
not provide a full measure of individual currencies' relative impor
tance in U.S. international transactions because they take no account
of factors other than trade. The calculations do not purport to
represent a guide to measuring the impact of exchange rate changes on
U.S. interaational transactions.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
(EQ1)
Where:
= E(A$/fci * Mi/EM)
Em is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
A$/fci is the percent change in the dollar
cost of foreign currency i; and
M^/Em is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
-9.6
-8.4
-8.4
-8.8
-8.8
-9.5
(EQ2)
Ex = E(Afci/$ * Xi/EX)
Where:
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars;
Afc^/$ is the percent change in the
foreign currency i cost of dollars; and
X^/EX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E = [(Em
Where:
m/m+x) - 1] + fEx * x/m+x]
m/m+x is U.S. imports as a proportion
of its total trade with all. countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
2/ Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland,
France, Germany, Greece, Iceland, Ireland, Italy, Japan, the Nether
lands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland,
Turkey, United Kingdom.
2/ The currencies of 47 IMF member countries which account for approx
imately 90% of U.S. total trade. As of October 1974 this entire
series has been modified to include Hong Kong, Indonesia, Argentina
and Brazil, which had not been included in the calculations prior
to February 1974, and to exclude Chile.
Treasury Bulletin
84
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193*4-, Execu
tive Order 10033 of February 8 , 19^9, a-nd Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
irithe "Treasury Bulletin.” Reports axe filed with the Fed
eral Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated, and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May 31, 19^3. 1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability'and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they axe known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which axe included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one yeax or less. "Long
term" refers to obligations having an original maturity of
more than one yeax, and includes securities having no con
tractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branches, agencies, subsidiaries, and other af
filiates in the United States of foreign firms. Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, in
cluding the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
these categories. Twice a year they also report their short
term dollax liabilities to foreigners in countries not shown
sepaxately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, non
banking concerns , report monthly their transactions in secur
ities with foreigners; the applicable exemption level is
$100,000.
Quarterly reports are filed by exporters, importers, in
dustrial and conmercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims axe $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers axe reported quarterly; the exemption level ap
plicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
axe published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the same statis
tical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment" of the Fund, however, axe included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
January 1975
85
CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,finaneial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions axe reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics" section, Table I F S - k ) . The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments
as issues of U*S. corporations.
The geographical breakdown of the data pn securities
transactions shows the country of domicile of the foreign
buyers ^and sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 19&9* transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VT comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions sure the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
United States balance of payments.
l/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
86
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the U nited States
Table CM-I-1. - Short-T erm Liabilities by Type o f Foreign Holder
______________________________(In millions of dollars)
Foreign countries
Total
shortterm
liabili
ties
End of
calendar year
or month
m uciuauiuuax anu. j.egj_wiia_L
Banks and other foreigners
Official institutions 1/
Payable in dollars
Payable
in
foreign
currencies
Payable
in
dollars
Total
Total
Total
Banks
Other
foreigners
Payable
in
foreign
currencies
Total
IMF
gold
invest
ment- 2/
Non
monetary
interna
tional and
regional
2/
1957..........
14,383
13,641
7,917
7,917
-
5,724
3,413
2,252
59
742
200
542
1958..........
15,367
14,615
8,665
8,665
-
5,950
3,460
2,430
59
752
200
552
1959..........
17,261
16,231
9,154
9,154
-
7,076
4,601
2,398
77
1,031'
500
531
I960..........
18,701
17,260
10,212
10,212
-
7,047
4,705
2,230
113
1,442
691 y
751
f 20,015
{ 20,098
18,699
18,781
10,940
10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
2,356
2,35?
104
104
1,317
1,317
613 U
613 U
704
704
f 21,958
{ 21,958
19,907
19,874
11,997
11,963
11,949
11,915
48
48
7,911
7,911
5,251
5,251
2,564
2,564
95
95
2,050
2,084
800
800
22,877
21,330
12,467
12,437
30
8,863
5,713
3,046
104
1,547
739 U
808
13,224
13,220
13,224
13,220
_
-
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
1963..........
1QAV *5/
f 25,467\ 25,518
23,849
23',900
25,551
24,072
13,066
13,066
-
11,006
7,360
.,3,587
59
1,479
800
679
f 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
1,381
1,381
800
800
581
581
f 30,657
\ 30,505
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
l)273
800
800
487
473
31,717
30,234
11*318 _4
10,855
463
18,916
14,298
4,444
173
1,483
800
683
1965..........
1QAA
/
1 aAr? /
1,250
1,284
1968..........
1969 5 / ........
\ 40,199
f 40,040
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
1970 2/........
f 41,719
\ 41,761-
40,499
40,541
19,333
19,333
19,184
19,185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
f
53,632
53,661 ■
39,679
39,018
40,000
39,521
6/ 38,854
158
165 7/
171
10,034
13,954'
14,643 6/10,721 6/
14,340
19,284
17,178
23,147
3,692
3,694
228
228
400
400
4,618
5,500
325
469
1,772
1,767
1,413
1,372
1,367
1,413
1,955
495
469
17,527
19,072
21,417
21,524
23,790
24,190
5,310
5,500
5,618
5,840
6,171
6,400
6,540
6,810
25,978
28,606
27,214
27,309
28,495
6,961
7,156
7,659
7,694
7,912
19 /I 2/
9/............
1 9 7 2 ...................................
55,404
\ 55,428
1973..........
60,697
69,022
59,284
67,067
1973-Nov.......
Dec.......
68,346
69,022
66,384 .
67,067 •
1974-Jan.......<
Feb.......
Mar.......
Apr.......
May.......
June......
67,067
69,239
72,790
74,787
78,365
80,687
65,214
67,546
71,639
73,677
77,033 .
79,094 ,
81,925 I
84,781
85,549
86,408
88,645
July.......
Aug.......
Sept......
Oct..p....
Nov..p....
83,610
86,642
87,388
88,345
90,606
43,919
43,791
43,919
41,556
41,992
43,412
45,175
46,177
47,430
48,447
48,400
50,107
50,813
51,621
6/
39,829
43,792
127 8/
43,664 1
43,792
127
127
41,429
41,865
43,285
45,047
46,049
47,303
48,320
48,273
49,979
50,685
51,494
127
127
127
127
127
127
127
127
127
127
127
_
J
1/ Includes Bank for International Settlements and European Fund.
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
In addition, IMF gold investment included investments in U.S. Govern
ment bonds and notes which amounted to $109 million at end 1960, $187
million at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes
22, 593)
23,1471
23,6581
25;55^
28,226
28,503
30,856
31,664
33,478
36,381
35,442
35,595
37,024
16' 787
17,178
513
642
639
579
526
665
1,955
1
1,962 j
1,955
1,853
1,693
1,151
1,109
1,333
1,59.3
1,685
1,861
1,840
1,937
1,962
-
_
_
-
-
1,962
1,955
1,853
1,693
1,151
1,109
1,333
1,593
1,685
1,861
1,840
1,937
1,962
_
539
618
568
593
617
1
.. .... _ j
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.'
6/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first time.
7/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31, 1971.
8/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
p Preliminary.
January 1975
87
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the U nited States
Table CM-I-2. - Short-Term Liabilities by Type o f Liability
Part A - Foreign C ountries
(In millions of dollars)
Official institutions 1/
Banks and other foreigners
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
Deposits
Demand
1957...
1958...
Payable in dollars
13,641
14,615
Time
1/
U.S.
Treasury
bills and
certifi
cates
Other
short
term
liabili
ties 2/
Payable
m
foreign
cur
rencies
Banks
Deposits
3,059
4,246
612
3,511
4,392
. 762
5,738
-
-
158
518
1 ,766
1,951
278
209
312
306
174
59
740
1,833
295
270
77
76
419
402
420
1,849
1,976
1,977
2,096
2,096
148
233
230
230
352
352
113
104
104
95
95
104
118
• 90
87
469
502
503
332
83
83
81
81
329
329
302
292
93
72
17,260
6,193
582
982
1961 y
3,389
3,389
3,261
3,234
1,402
2,451
6,413
6,412
1,092
1,092
46
46
7,759
7,759
7,548
928
922
48
48
1963...
18,699
18.781
19,908
19,874
21,330
1,036
30
4,102
y
23,849
23,900
1,591
1,591
2,820
2,816
1,259
1,259
_
5,006
5,027
1965...
24,072
1,535
2,862
7,554
7,554
7,186
1966 y
"26,343
26,219
*29,370
29.232
1,679
1,679
2,612
2,668
2,054
2,054
2,149
1,918
1,930
2,462
2,458
1,652
1,652
2,554
2,554
1967 y
1968...
1969 y
30,234
38.631
38,786
1971 y y
40,499
40,541
53.632
53,661
1972.
1973.
*59,284
67.067
1973-Nov..
Dec..
2,036
66,384
67.067 •2,125
1974-Jan..
Feb..
Mar. .
Apr. .
May..
June.
July.
Aug..
Sept.
Oct..p
Nov. p
65,214
67,546
71,639
73,677
77,033
79,094
81,925
84.781
85,548
86,408
88,645
1970 y
1,380
1,378
1,899
5,486
1,321
2,951
2,942
3,844
3,844
13,367
13,367
2,139
2,158
32,311
32,311
3,086
3,177
31,453
31,511
3,905
6,245
1,620
2,504
1,327 k/ 2,039V
1,591
2,880
2,125
3,911
2,379
2,408
2,631
2,920
2,352
2,643'
2,561
2,473
2,824
2,168
2,472
6,316
6,216
7,985
7,985
1,483
1,361
1,360
3,802
3,911
3,705
3,703
3,800
3,949
4,025
4,277
4,463
4,447
4,311
4,471
4,122
31,529
31,511
29,152
29,917
31,064
32,312
33,731
33,745
33,749
32,687
32,955
33,634
34,467
1,612
1,612
6,298
6,245 '
6,192
5,836
5,790
5,867
5,941
6,638
7,547
8,665
9,890’
10,412
10,433
3,369
4,210
4,854
4,917
4,678
4,678
517
517
152
152
4,941
6,795
6,636
463
202
202
10,374
16,745
16,756
7,933
7,763
' 43
43 •
127
127
127
127
127
127
127
127
127
127
127
5,734
6,941
6,329
6,853
6,573
6,603
6,913
7,692
7,110
6,897
7,098
6,361
7,626
1/ Includes Bank for International Settlements and European Fund,
2/ lime deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding dnte; figures on the second
line are comparable to those shown for the following date.
kf Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
149
149
116
116
490
490
838
83
83
68
704
1,493
966
967
967
142
142
1,039
1,077
1,523
1,531
‘1,257
1,271
900
113
137
137
1,406
1,574
1,842
1,848
1,513
1,513
129
129
30
1,927
1,973
2,621
1,693
1,693
1,797
14
14
8
8
4,658
4,644
3,202
3,197
2,130
6,995 k/
1,709
1,711
1,688
1,688
1,594
1,819
1,819
2,052
2,054
2,199
1,811
1,935
1,886
1,895
1,660
1,660
5
11
9,272
9,710
495
515
8
11
517
526
511
683
795
1,004
1,165
1,426
1,576
1,796
1,727
1,249
1,243
1,142
1,142
1,273
1,988
1,999
148
12,376
1,326
148
12,385
1,354
158
7,047
850
165 5/ 3,399k/
320 k/
405 :
171
4,658
127 6/ 6,941
515
127
127
Time
2/
U.S.
Other
Treasury short
bills and term
certifi liabili
ties 2/
cates
131
492
2,834
3,038
1964
Other
short
term
liabili 1 Demand
ties 2/
2,737
16.231
-
U.S.
Treasury
bills and
certifi
cates
Payable
in
foreign
cur
rencies
3,017
1959...
1960...
1962 y
Time
1/
Demand
Other foreigners
Deposits
119
72
72
59
59
77
77
86
362
107
107
312
312
173
226
226
325
325
220
220
1,663
1,666
131
131
96
96
228
228
1,955
2,143 '
2,116
2,353
65
68
274
271
481
936
325
469
10,550
9,710
2,010
2,143
67
68
915
936
495
469
14
32
54
63
82
95
10,668
11,662
14,279
14,174
16,000
15,398
91
93
98
92
124
107
1,005
1,045
1,104
1,274
1,346
1,355
204
200
258
268
253
17,499
20,083
18,282
18,884
18,889
2,024
2,139
2,356
2,398
2,315
2,415
2,436
2,397
2,722
2,574
2,638
2,318
2,353
2,498
2,563
2,613
2,635
2,756
2,929
.2,967
3,150
3,264
3,422
3,594
175
145
180
193
207
1,383
1,464
1,495
1,505
1,474
513
642
639
579
526
665
539
618
568
593
617
20
20
—
.J
deposits are included in "Other short-term liabilities": certain
accounts previously classified* as "official institutions" are included
with "banks"; and a number of reporting banks are included in the
series for the first time.
5/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
6/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary. .
Treasury Bulletin
88
---------------------------------- CAPITAL MOVEMENTS_________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table C M -1-2. - Short-Term Liabilities by Type o f Liability—C o n tin u e d
Part B - International and Regional Organizations
(In millions of dollars)
End of
calendar year
or month
195 7
195 8
.
195 9
196 0
.
.
196 1
.
1962 5/...
Time 2/
U.S. Treasury
bills and
certificates
50
490
500
209
76
691 V
219
343
449
532
613 k/
800
800
354
540
568
294
572
572
742
752
200
200
1,031
1,442
1,317
2,050
2,084
’1,547
1,618
196 3
196 4
196 5
196 6
Total
international
and regional
Nonmonetary international and regional organizations 2/
Depcrsits
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
70
739 U
66
384
207
Other
short-term
liabilities j!/
215
138
145
138
200
231
170
314
266
800
42
56
139
212
800
800
67
67
124
120
178
178
173
118
107
'1,483
800
68
113
394
108
1,413
1,221
800
62
83
.400
69
224
381
1971 5/...
”1,772
1,767
400
400
73
73
159
192
192
244
211
211
211
197 2
197 3
‘ 1,413
1,955
202
83
326
296
373
296
.
.
1,479
1,381
1967 5/___
’1,287
1,273
196 8
.
196 9
197 0
1973_Nov__
Dec...
1,962
1,955
73
101
94
83
1974-Jan...
Feb...
Mar...
Apr...
May
June..
1,853
1,693
1,151
1,109 .
1,333
1,593
1,685
1,861
1,840
1,937
1,962
95
77
96
60
95
106
63
62
57
53
66
120
81
127
125
128
66
67
69
89
89
July..
Aug...
Sept..
Oct. p
Nov. p
l/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning assets. Upon termination
of investment, the same quantity of gold was reaquired by the In
ternational Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for Interna
tional Settlements and European Fund. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
286
232
227
209
46
91
51
146
75
93
94
892
800
1,474
1,423
1,474
1,383
1,321
765
783
1,139
1,330
1,448
1,567
1,569
1,630
1,651
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other shortterm liabilities."
4 / In addition, IMF gold investment included investments-in U.S. Gov
ernment bonds and notes which amounted to $109 million at end 1960,
$187 million at end 1961, and $61 million at end 1963.
jj/ Data on the two lines shown for this date differ because of changbs
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Less than $500,000.
p Preliminary.
*
2/
January 1975
^
_________________________________________________ C A P IT A L
M OVEM ENTS
______________________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1971 1/
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark....................
Finland....................
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
1972
1973
June
July
482
1,819
239
203
3,763
12,602
222
1,327
2,232
878
429
362
1,160
7,216
134
8,294
106
2,851
27
133
44,479
528
1,928
251
229
3,611
11,873
298
1,101
2,23^
894
422
303
1,049
7,850
106
8,969
100
2,829
26
147
44,749
595
1,924
268
219
3,561
9,337
293
3,138
2,498
1,023
435
377
1,096
8, 388
100
8,606
151
3,122
40
149
45,320
566
2,038
285
223
3,920
8,623
255
2,748
3,009
1,131
411
347
1,071
8,974
121
7,562
136
3,201
44
136
44,803
557
2,286
338
262
3,822
9,102
213
2,192
3,177
1,181
338
332
1,103
9,376
102
7,698
105
3,367
33
140
45,722
3,595
3,250
3,754
4,226
3,725
1,189
3,201
817
253
285
. 6
1,610
445
185
115
2,999
1,066
103
825
13,099
1,105
1,155
873
266
293
7
1,643
511
182
120
3,217
1.214
123
549
1,017
1,672
894
270
292
6
1,731
484
177
128
2,932
1,115
138
478
938
1,736
951
297
305
7
1,731
474
183
140
2,773
1,183
135
770
11,256
. 11,335
11,623
40
822
621
158
943
217
10,115,
304
748
362
4,726
19,056 1
43
797
470
140
1,600
218
10,385
313
726
328
4,832
38
815
551
156
1,363
279
10,869
309
731
333
5,681
19,851
21,125
73I
79,
157'
43
2,893|
3,2441
109
73
138
41
2,973
3,333
109
59
155
82
3,199
3,604
2,847
72
2,918
2,788
71
2,759
86
2,859
86,408
88,645
Aug.
Sept.
Oct. p
Nov. p
Spain........... ...........
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
U.S.S.R....................
Other Eastern Europe.........
254
701
168
160
3,150
6,596
170
1,888
271
685
303
203
791
3,248
68
7,374
34
1,369
14
53
254
701
168
160
3,150
6,596
170
1,887
270
685
303
203
792
3,249
68
7,379
34
1,391
14
53
272
1,094
284
163
4,441
5,346
238
1,338
1,468
978
416
256
1,184
2,857
97
5,011
117
1,483
11
81
161
1,483
659
165
3,483
13,227
389
1,404
2,886
965
534
305
1,885
3,377
98
6,148
86
3,352
22
110
310
1,827
266
174
3,425
13,528
232
1,281
2,352
911
411
324
1,211
6,386
125
8,533
100
2,701
27
126
Total Europe................
27,503
27,529
27,136
40,742
3,441
3,441
3,432
3,627
44,249
3,550
441
656
342
191
188
6
709
154
164
108
963
656
87
36
4,702
441
656
342
191
188
6
715
154
164
108
963
655
87
37
4,708
638
540
605
137
210
6
831
167
225
140
1,078
861
86
44
5,568
924
824
860
158
247
7
1,285
282
135
120
1,468
884
71
359
7,626
1,379
1,487
782
240
217
6
1,412
559
166
121
2,708
1,080
124
450
1,252
1,546
778
279
264
7
1,411
566
197
122
2,600
1,183
92
671
10,732
10,964
39
258
312
89
63
150
14,294
201
304
126
595
16,432
39
258
312
89
63
150
14,295
196
306
126
595
39
675
318
98
108
177
15,843
192
438
171
1,071
38
757
372
85
133
327
6,954
195
515
247
1,202
33
688
462
225
257
256
9,419
262
772
524
2,572
16,429
19,131
10,826
15,470
39
772
470
172
863
226
9,974
215
762
451
3,634
17,578
18,062
24
9
78
12
474
597
24
9
78
12
474
597
24
12
115
21
768
35
11
114
87
808
91
54
170
46
2,042
105
63
156
46
2,258
939
1,056
84
39
102
58
1,911
2,193
2,403
2,627
916
42
916
42
3,027
51
2,926
68
957
3,077
2,831
69
2,900
2,848
58
957
53,632
3,131
59
3,190
53,661
59,284
67,067
79,094
2,906
' 81,9251
2,994
84,781
1,332
8
298
129
5
1,772
1,327
8
298
129
5
951
10
307
142
4
1,627
7
272
50
1,250
77
222
33
12
1,512
54
257
37
2
1,767
1,413
1,955
1,593
1,328
70
248
35
3
1,685
1,861
1,840
1,937
1,962
55,404
55,428
60,697
69,022
80,687
83,610
86,642
87,388
88,345
90,606
Canada
Latin America:
Argent ina...................
Bahamas 2/..................
Brazil.....................
Chil-......................
Colombia.,..................
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand...................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
Total Africa................
Other countries:
Australia...................
All other...................
Total other countries........
Total foreign countries........
International and regional :
International...............
European regional............
Latin American regional.......
Asian regional..............
African regional.............
Total international and regional .
Grand total...................
1/
-X
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
40
‘842
490
131
785
211
9,894
277
715
403
4,272
85,548
1,479
57
256
46
n
1,610
59
227
41
■*
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
*
Less than $500,000.
p Preliminary.
2,845
1,673
33
214
40
■*
Treasury Bulletin
90
---------------------------------------CAPITAL MOVEMENTS_________________________________
Section I - Liabilities to Foreigners R eported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as o f N ovem ber 30, 1974
Prelim inary
(Position in millions of dollars)
Total
short
term
liabilities
Country
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
Total
Deposits 1/
U.S.
Treasury
bills and
certif
icates
Euroue:
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...........
557
2,286
338
262
3,822
9,102
213
2,192
3,177
1,181
338
332
1,103
9,376
102
7,698
105
3,367
33
140
549
2,182
314
256
3,704
8,984
173
2,120
3,058
1,114
300
227
1,082
8,487
97
6,951
101
3,341
32
128
152
267
99
120
456
619
118
452
468
336
268
199
269
1,868
95
977
90
336
29
105
196
931
209
6
2,300
8,072
5
1,388
2,307
201
12
_
734
1,434
_
1,903
5
203
_
1
U.S.
Treasury
Deposits 1/ bills and Other 1/
certif
icates
Other 1/
Total
7
90
23
6
95
99
40
63
72
65
37
99
17
689
5
662
4
26
1
11
7
58
20
6
80
86
40
58
42
62
33
85
14
320
5
256
4
23
1
11
1
1
*
3
*
*
2
22
•*
*
■*
*
109
■*
24
_
■*
_
163
12
*
31
3
*
12
12
3
8
3
4
14
2
260
*
381
1
3
_
1
*
1
**
*
*
5
1
Total Europe..................
45,722
43,200
7,321
19,907
201
983
6
130
948
294
50
281
283
577
20
28
79
5,185
2
4,071
6
2,802
3
23
15,972
2,111
1,209
Canada..........................
Latin America:
Argentina.....................
Bahamas......................
Brazil.......................
Chile................ ........
Colombia......................
Cuba.........................
Mexico.......................
Panama.......................
Peru.........................
Uruguay........... .........
Venezuela.....................
Other Latin American Republics f ...
Netherlands Antilles and Surinam..
Other Latin America............
3,725
3,056
253
488
2,314
422
316
938
1,736
951
297
305
7
1,731
474
183
140
2,773
1,183
135
770
431
1,650
811
170
107
1
455
142
104
41
2,323
575
52
579
208
300
561
119
93
1
357
38
81
38
1,199
310
34
55
47
*
1
_
4
_
9
9
52
1
2
176
1,350
249
51
11
■*
90
96
22
3
1,124
213
18
521
506
80
140
127
198
5
1,275
331
80
98
450
607
83
186
501
74
134
126
197
5
1,065
258
79
93
444
568
59
88
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan).....
Hong Kong.....................
India........................
Indonesia.....................
Israel.......................
Japan........................
Korea........................
Philippines...................
Thailand.....................
Other Asia....................
Total Asia....................
11,623
7,441
3,394
124
3,924
4,169
3,692
38
815
551
156
1,363
279
10,869
309
731
333
5,681
33
637
310
125
1,342
247
10,695
279
638
315
5,384
20,004
22
394
141
46
63
138
1,076
143
448
59
1,181
117
12
37
871
6
6,296
15
*
117
2,145
10
126
157
43
407
104
3,324
121
189
138
2,058
6
178
240
21
21
31
129
30
93
18
292
6
175
221
13
21
27
86
30
86
18
187
11
*
_
*
*
_
-*
*
*
3,712
9,616
6,677
1,060
869
12
104
58
139
66
3,112
3,480
91
57
61
56
682
11
70
10
2,420
3
1
8
*
10
5
1
8
16
84
*
947
2,510
22
5
1
9
16
87
118
271
- 49
320
2,064
12
399
13
2,076
Africa:
Egypt........................
Morocco......................
South Africa..................
Zaire........................
Other Africa..................
Total Africa..................
Other countries:
‘/
Australia.....................
All other.....................
!
:
!
i
21,125
109
59
155
82
3,199
3,604
2,759
86
-
_
Total other countries..........
2,845
2,734
74
2,808
Total foreign countries..........
88,645
79,988
15,947
34,720
1,673
33
214
40
1,673
33
214
40
157
5
42
12
22
7
International and regional:
IrLtemat ional......................
European regional..................
Latin American regional...........
Asian regional.................... ; ■
African regional...................
Total international and regional..
Grand total......................
65
-
-
*
*
■*
6
5
20
_
-
Short-term
liabilities
payable
in
foreign
currencies
739
1
15
1
*
23
20
*
8
47
2
1
6
4
200
-*
85
*
*
_
*
412
93
248
5
5
6
1
1
205
72
1
6
5
39
18
94
457
■*
6
1
*
*
_
3
9
8
*
5
43
*
7
*
105
180
-
1
*
*
*
*
*
-
4
13
_
*
1
9
_
*
45
_
*
-
6
61
*
*
*
*
*
3
*
7
*
*-
114
*
4
7
22
11
22
10
*
-
*
1
3
1
413
29,322
33
7,912
31
6,232
*
2
4
207
1,474
744
1,451
28
150
21
*
■*
*
-*
■*
*■
-*
*
-
-
-
■*
*
*
-
-
1,962
1,961
217
94
1,651
90,606
81,950
16,164
34,813
30,973
_
_
_
_
*
■*
-
-
-
7,913
6,232
207
1,474
744
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
* Less than $500,000.
January 1975
91
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term L iabilities, Countries and Areas N ot Regularly Reported Separately
(Position at end of period in millions of dollars)
Calendar year
j
Apr.
1973
Dec.
1973
Apr.
1974
1969
1970
1971
1972
"Other Western Europe"
Cyprus............
Iceland...........
Ireland, Republic .of.
Malta...
Monaco..
11
9
38
5
4
10
10
41
3
6
2
11
16
5
6
3
9
17
3
4
9
12
22
3
5
19- •
8
62
4
8
"Other Eastern Europe"
Bulgaria...............
Czechoslovakia..........
Estonia................
German Democratic Republic.
Hungary................
Poland.................
Rumania................
7
9
2
4
3
16
8
8
5
9
2
3
23
10
4
14
2
2
5
20
6
5
10
2
6
5
36
8
2
16
2
6
8
29
8
16
18
2
7
12
33
17
6
19
n. a.
n.a.
8
36
16
"Other Latin American Republics"
Bolivia...................
Costa Rica................
Dominican Republic.........
Ecuador...................
El Salvador...............
Guatemala.................
Guyana....................
Haiti....................
Honduras..................
Jamaica...................
Nicaragua.................
Paraguay..................
Trinidad and Tobago........
68
52
78
76
69
84
3
17
29
17
63
13
8
69
41
99
79
75
100
2
16
34
19
59
16
10
55
62
123
57
78
117
6
18
42
19
50
17
10
87
92
114
121
76
132
8
27
58
41
61
22
20
65
75
104
109
86
127
8
25
64
32
79
26
17
68
86
118
92
90
156
6
21
56
39
99
29
17
102
88
137
90
129
245
5
28
71
52
119
40
21
"Other Latin America"____ __
Bermuda . 1/ .....................
British Honduras...................
British West Indies................
French West Indies and French Guiana...
1/
2
30
2
1/
3
33
2
32
1
124
4
36
2
127
5
100
3
244
4
109
3
201
3
n.a.
7
"Other Asia"
Afghanistan......................
Bangladesh 2/....................
Burma...........................
Cambodia.........................
Jordan..........................
Laos............................
Lebanon..........................
Malaysia.........................
Nepal...........................
Pakistan.........................
Ryukyu Islands (including Okinawa)
Singapore........................
Sri Lanka (Ceylon)................
Viet Nam.........................
Yemen (Aden).....................
Oil producing countries l$J.........
16
2/
2
1
17
3
83
30
17
35
25
17
3
94
1
252
26
19
4
2
14
5
54
22
19
38
18
57
4
179
4
263
25
72
2
3
4
2
55
54
11
59
19
20
17
3
4
3
55
59
10
93
22
9
12
2
6
3
62
58
16
105
11
12
n.a.
4
6
n.a.
68
40
21
108
1/
164
13
98
1
1,331
"Other Africa"
Algeria..................
Ethiopia (including Eritrea).
F.T.A.I. (French Somaliland).
Ghana...................
Ivory Coast..............
Kenya...................
Liberia..................
Libya...................
Mozambique...............
Nigeria..................
"Portuguese West Africa"...
Southern Rhodesia.........
Sudan...................
Tanzania.................
Tunisia..................
Uganda...................
Zambia...................
14
20
1
10
4
43
23
288
6
11
9
2
3
10
6
5
20
17
19
*
8
3
38
22
195
7
17
8
1
1
9
7
8
10
23
11
1
8
2
9
23
274
6
46
13
2
1
6
9
3
13
16
9
25
9
23
13
"Other Countries"
New Zealand............................
U.S. Trust Territory of the Pacific Islands..,
1/
f
2/
Note:
Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" categories in the regular monthly
series in the "Treasury Bulletin."
l/ Bermuda included with Bahamas prior to December 1972.
;
,
2/
10
5
2
3
46
23
16
33
29
35
4
159
3
203
2/
77
5
135
1
534
2/
2/
10
11
53
10
3
53
6
98
1
486
141
13
88
1
652
32
57
1
10
6
23
30
393
6
85
31
2
3
11
10
7
28
51
75
4
28
4
19
31
312
6
140
10
1
3
16
11
19
37
111
79
1
20
10
23
42
331
8
78
15
2
3
12
7
6
22
110
118
n.a.
22
13
20
29
n.a.
9
n.a.
20
1
2
12
17
11
n. a.
30
12
34
14
39
11
33
n.a.
2/ Bangladesh included in Pakistan prior to April 1972.
j/ Ryukyu Islands included in Japan after April 1972.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
y
Syria, and the United Arab Emirates (Trucial States).
Not available.
* Less than $500,000.
Treasury Bulletin
92
________________________CAPITAL MOVEMENTS________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by T ype
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total 1/
Official
institutions
Banks
Other
foreigners
International
and regional
1957......................
1958......................
1959......................
I960......................
1961......................
1962......................
1963......................
1964......................
1965......................
1966........... ...........
10
2
1
7
2
7
69
310
513
1,494
10
2
1
7
2
7
28
204
203
988
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n. a.
n.a.
50
42
106
311
506
1967 2/....................
f 2,546
^2,560
1,807
1,807
35
40
689
698
2,341
1,505
695
144
15
15
8
55
165
237
40
40
53
56
87
87
777
889
789
446
562
580
1968......................
1969......................
1970......................
1971......................
3,166
2,490
1,703
902
1972 2/....................
f 1,000
^1,018
417
417
93
93
238
238
1,467
7106
310
296
100
761
717
706
313
310
287
296
753
761
675
631
622
665
652
676
310
259
259
294
296
321
275
286
276
282
282
283
693
511
484
483
486
319
118
95
114
113
299
316
316
299
298
117
100
90
86
87
89
74
73
75
77
73
71
75
1974-Jan...................
Feb...................
Mar...................
Apr.......... ........
May...................
June..................
1,469
1,467
1,496
1,519
1,577
1,690
1,657
1,650
1,671
1,516
1,404
1,334
1,318
1/ Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
n.a.
n.a.
.n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
-
1,858
1,863
2,389
1,600
913
437
1973-Nov...................
Dec...................
Payable in
foreign
currencies
Foreign countries
Total
long-term
liabilities
821
888
951
1,025
1,005
974
978
1,005
920
851
831
1
1
20
21
21
I
4
-
-
—
-
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.n.a. Not available,
p
Preliminary.
93
January 1975
CAPITAL MOVEMENTS,
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
!
Calendar year
1974
Country
1971
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark....................
Finland....................
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
P o rtu gal........................................................
Spain......................
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe... •.....
U.S.S.R....................
Other Eastern Europe.........
Total Europe................
Canada..............
Latin America:
Argentina...................
Bahamas 2/ ...................................................
Brazil............................................................
Chil ^..............................................................
Colombia ...................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela.....................................................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America.............................
*
8
-
*
6
164
*
1
*
-*
■*
1
*
2
*
52
*
11
_
-
1972 1 /
•*
12
*
12
*
_
*
_
1
165
2
1
1
165
2
1
*
*
*1
*
5
*
63
*
10
_
-
June
1973
Ju ly
Aug.
*
5
15
2
9
9
¥-
*
_
*
_
-
Sept.
Oct. p
Nov.p
2
9
2
2
*
9
9
9
*
_
*
_
*
-
*
-
1
165
1
165
1
171
14
170
14
170
14
170
14
170
*
*
*
*
*
*
*
1
1
1
1
1
1
1
*
1
-X
*
*
*
-X
*
*
*
*
1
1
1
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
-*
12
12
-*
*
*
*
-*
12
*
*
*
5
9
2
*
63
-x
10
_
-
!
66
!
'
*
(
213
_
-
56
12
■x
56
-X
206
-X
206
}
_
*
*
60
60
48
12
*
48
*
■*
*
*
8
_
8
8
_
8
-
-
-x
-
*
-
-
246
261
261
475
!
441
459
277
277
265
263
4
1
1
8
t
8
11
12
12
12
15
2
39
1
1
1
*
31
1
*
*
1
53
1
2
1
_
1
53
1
2
1
_
2
55
2
6
1
_
!
!
2
57
;
j
1
!
6
1
1
60
6
1
K
-
2
60
6
1
*
_
2
60
6
1
*
_
28
2
*
44
24
25
18
*
*
7
18
*
*
23
3
*
23
3
*
132
*
*
1
28
2
*
*
28
19
*
1
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand...................
Other Asia..................
111
136
136
*
*
37
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
_
_
_
1
1
1
1
Total Africa................
Other countries:
Australia.... ..............
All other...................
1
1
1
1
1
7
7
7
3
*
*
*
*
31
4
¥■
_
34
*
28
19
*
_
x
_
*
*
2
*
*
1
1
*
6
3
6
3
5
1
5
3
-X
5
1
3
!
!
I
!
9
4
4
3
3M.
*
l
l
X
_
1
*
*
*
*
1
24
20
-X
-X
26
3
-X
1
18
*
*
25
3
-X
3
18
116
_
_
*
_
*
1
2
*
*
4
4
69
1
1
-X
17
17
71
69
90
33
33
82
79
79
*
*
*
*
*
*
*
*
*
_
*
*
*
*
1
4
-*
3
4
1
69
_
*
6
123
1
2
*
*
X
*
5
1
3
1
5
3
_
6
1
142
142
*
1
1
*
1
1
*
2
58
*
*
22
3
*
*
1
5
1
2
*-
2
58
1
1
*
1
1
*
2
•*
•*
*
_
1
1
*
2
6
18
*
*
22
3
*
*
116
-
*
*
*
-*
1
1
*
2
*
78
*
64
71
*■
84
89
*
*
*
*
*
*
*•
*
*
1
*
*
*
*
1
*
*
*
*
1
1
1
1
1
2
*
•X
*
*
*
■*
*
*
*
-*
*
*
84
90
2
Total other countries........
4
7
7
7
3
Total foreign countries........
457
439
439
706
676
693
511
484
433
486
In t e r n a t io n a l............................................
European r e g io n a l..................................
L atin American r e g io n a l....................
Asian r e g io n a l.........................................
A frica n r e g io n a l....................................
351
_
57
38
-
480
_
52
30
496
_
743
107
124
769
796
_
723
_
665
583
90
-
T o ta l in te rn a tio n a l and region al
446
562
580
761
974
90
107
920
83
103
-
551
_
98
112
-
*
■*
•*
International and regional.
53
31
Grand t o t a l ......................................... * . . . .
902
1 ,0 0 0
1 ,0 1 8
.1,1+67
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date, figures in the second
column are comparable to those shown for the following date.
-
2/
*
p
-
93
117
978
120
1 ,0 0 5
-
-
851
1 ,5 1 6
1J50
1,404
1,671
1,334
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
143
106
831
1 ,3 1 8
Treasury Bulletin
94
_____________________ 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 foreign currencies
Payable in dollars
Loans
End of
calendar
year
or month
Total
short
term
claims
Total
Total
Official
insti
tutions
Banks
Collec
tions
out
standing
for
Other
account of
reporting
for
eigners banks and
domestic
customers
Accept
ances
made for
account
of for
eigners
Other
short
term
claims
Total
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
Foreign
government
obligations
and
commercial
and
finance
paper
Other
short
term
claims
1957........
2,199
2,052
930
242
386
303
423
699
147
132
15
1958.........
2,542
2,3.44
1,268
401
439
428
421
656
198
181
16
1959........
2,599
2,407
1,309
351
498
460
516
582
192
178
15
I960........
3,594
3,135
1,297
290
524
482
605
1,233
460
222
238
f 4,719
<4,777
4,177
4,234
1,646
1,660
329
329
699
709
618
622
694
700
1,837
1,874
543
543
342
343
200
200
5,101
4,606
1,953
359
953
642
686
1,967
495
309
186
5,887
5,344
1,915
186
955
774
2,214
384
543
343
157
42
f 7,411
6,810
7,333
2,652
2,773
223
221
1,374
1,403
1,055
1,150
1,007
1,135.
2,600
2,621
552
803
601
624
342
336
182
187
77
102
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
474
492
325
329
54
68
95
96
7,399
7,433
3,139
3,141
256
256
1,739
1,739
1,143
1,145
1,367
1,288
2,450
2,540
443
464
420
420
240
241
70
70
110
110
8,158
8,182
3,137
3,150
306
306
1,603
1,616
1,228
1,228
1,511
1,552
3,01.3
3,013
498
467
425
425
287
287.
74
70
63
67
8,711
8,261
f 9,578
9,063
9,165
10,192
12,328
12,377
3,165
3,281
3,278
3,051
4,503
3,969 2/
5,674
5,671
7,689
247
262
262
119
223
231
1,697
1,946
1,943
1,720
2,613
2,080 H
336
352
352
352
549
548
40
84
89
92
119
173
73
79
74
166
846
846
271
4,555
2,863
3,204
3,226
4,156
509
658
670
766
1,10?
1,679 £/
2,478
2,657
3,912
450
516
516
610
842
895
2,975
2,970
1,733
1,954
2,015
2,389
2,475
2,475
3,269
3,276
4,307
2,854
3,169
3,202
3,985
4,243
4,254
163
163
1,221
1,073
1,073
1,212
1,667
1,658
2,535
2,538
662
441
441
428
223
223
119
4,084
4,555
4,400
4,966
5,793
6,141
6,372
7,743
6,848
7,809
6,751
6,371
7,185
2,732
2,863
2,688
2,662
2,855
3,090
3,223
3,3643,601
3,377
3,371
3,361
3,432
4,287
4,307
3,788
4,156
3,655
3,912
790
662
512
428
4,387
4,427
4,642
4,805
5,081
5,107
5,152
5,295
5,243
5,356
5,347
4,108
4,554
5,126
5,810
6,599
7,584
9,163
9,459
9,520
10,034
10,667
4,412
5,228
5,986
5,529
7,223
7,111
7,290
7,863
7,563
7,197
7,157
802
844
849
857
884
957
467
594
545
589
611
687
626
461
468
547
515
131
119
162
121
160
99
113
130
1962........
1963........
1964 1/......
^7,957
f 7,632
\J,735
1966 1/......
[7 ,8 1 9
1967 1/......
f 8,583
1968........
1969 1/......
^7,853
1 8,606
1 9,680
10,802
f l 3,170
1971 1/2/...
U3,272
•Jl5,471
1972 1/...... U5,676
1970........
14,625
14,830
1973........
20,726
20,064
1.973-Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
19,590
20,726
7,068
7,689
252
271
21,100
22,986
25,671
26,580
29,745
32,253
18,799
20,06420,298
22,141
24,823
25,723
28,862
31,296
7,391
7,931
9,068.
9,578
9,959
11,494
303
303
421
346
363
386
33,532
35,057
33,889
33,696
35,256
32,529
34,252
32,971
32,667
34,228
10,924
11,634
10,645
10,080
11,058
475
448
523
348
440
July....
Aug.....
Sept....
Oct. p....
Nov. p....
832
1,003
805
918
1,030
1,028
207
ISO
217
243
283
174
174
182
182
115
148
115
173
129
144
169
160
141
170
164
233
240
229
r ------------
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
2/ Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
of U.S. agencies and branches of foreign banks on their head offices,
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting banks
are included in the series for the first time.
p Preliminary,
January 1975
95
________________________ C A P IT A L M O V E M E N T S ____________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1971 1/
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark.... -................
Finland....................
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
Portugal._ ..................
Spain......................
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
U.S.S.R....................
Other Eastern Europe.........
Total Europe................
Canada,r.,
Latin America:
Argentina...................
Bahamas'^/...................
Brazil.....................
Chile......................
1972 1/
11
57
49
135
267
235
30
159
105
67
12
'70
118
145
3
563
19
12
28
37
11
57
49
135
263
235
30
160
105
67
12
70
118
145
3
559
19
12
28
37
8
120
59
118
330
321
29
255
108
69
19
207
156
125
6
849
22
20
41
49
2,122
1 ,530
2,114
1,627
2,911
1,897
305
262
429
139
380
13
936
125
176
41
268
374
18
25
305
262
435
139
380
13
934
125
176
41
268
374
18
26
379
476
649
52
418
13
1,202
244
145
40
383
388
14
36
1973
July
11
148
48
108
621
311
35
316
133
72
23
222
153
176
10
1,459
10
25
46
61
8
120
59
118
330
321
29
255
108
69
19
207
164
125
6
997
22
20
41
49
3,067
3,988
18
267
45
150
703
372
61
437
165
103
30
392
119
386
26
2,260
. 26
19
35
105
5,720
1,914
1,955 •
499
875
900
151
397
12
1,373
266
178
55
518
493
13
140
5,986
2,ill
5,136
2,021
2,556
2,518
686
1,558
1,507
224
601
12
1,775
394
353
59
644
691
38
234
8,778
704
2,085
1,522
231
679
13
1,833
401
421
50
641
701
56
354
9,692
695
2,471
1,534
250
665
14
1,711
404
408
47
627
712
64
249
9,852
679
2, 791
1,481
256
686
13
1,836
405
433
46
557
724
61
517
10,485
704
2,327
1,495
291
671
13
1,903
402
486
63
642
810
74
655
10,537
31
140
147
16
88
166
6,400
403
181
273
394
8,238
28
406
200
20
117
205
12,397
641
295
427
820
22
446
271
34
120
205
12,812
706
348
429
682
9
465
243
17
12?
210
12,378
733
340
438
671
5
482
238
16
140
208
12,350
835
324
416
662
15,556
16,073
15,625
7
496
214
19
128
200
11,669
760
346
414
669
14,921
68
14
213
93
286
675
83
10
238
97
275
702
97
10
243
94
311
755
93
11
282
107
312
806
89
12
299
101
291
792
400
63
463
415
77
492
422
76
498
33,886
2
492
104
597
35.056
1
478
91
569
33,696
•35,057
33,889
3,494
4,437
1
109
68
21
41
129
4,279
348
136
164
252
1
194
93
14
87
105
4,158
296
149
191
300
1
194
93
14
87
105
4,152
296
149
191
300
Total Asia..................
5,548
1
109
70
21
41
129
4,280
348
138
173
252
5,560
5,589
5,584
10
4
156
21
99
291
10
4
156
21
96
21
4
143
13
118
288
21
4
143
13
124
304
299
35
5
129
61
158
388
158
28
186
158
28
186
291
40
330
291
40
330
243
43
286
Total foreign countries........
13,167
13,269
15,468
15,674
20,725
International and regional......
3
13 ,170
3
13,272
3
15,471
3
15,676
1
i 33,531
•
1
20,726
33,532
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
42
308
45
107
791
438
57
340
183
97
25
201
160
339
14
1,808
28
38
28
86
5,136
2,340
3,490
Grand total...................
Nov. p
21
301
59
128
485
332
48
340
176
94
35
227
149
277
15
1,486
24
31
27
105
4,358
Total Latin America..........
Total Africa................
Other countries:
Australia...................
All other...................
Total other countries........
Oct. p
17
160
51
146
637
342
59
354
130
113
26
253
159
377
15
2,112
28
18
21
119
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand...................
Other Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
Sept.
72
■208
49
151
760
379
66
441
112
136
24
382
139
355
19
2,513
25
22
30
106
379
519
' 649
52
418
13
1,202
244
145
40
383
388
14
36
4,480
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Aug.
-
5,870
j
I
1
33,696
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
15,675
35,256
1
35,256
...
96
Treasury Bulletin
CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM -II-3. - Short-Term Claims, by Type and Country, as o f N ovem ber 30, 1974
Prelim inary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Country
Total
short
term
claims
Foreign
banks and
Total official
insti
tutions
Total
Collections
outstanding
for account
of report
Other ing banks
and domestic
customers
Euroue:
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........
42
308
45
107
791
438
57
340
183
97
25
201
160
339
14
1 ,8 0 8
28
38
28
86
40
284
42
106
769
328
57
325
166
91
24
194
150
292
14
1 ,7 1 4
28
36
28
86
27
106
20
49
260
168
38
209
67
42
9
105
130
190
8
804
14
9
8
63
23
80
11
37
208
126
25
174
47
32
6
72
108
137
7
735
11
4
5
63
4
26
9
13
52
42
13'
36
20
9
3
33
22
53
Total Europe...............
5 ,1 3 6
4, 772
2 ,3 2 4
Canada......................
2 , 518
2 ,0 0 9
704
2 ,3 2 7
1 ,4 9 5
291
671
13
1 ,9 0 3
703
2 ,3 0 2
1 ,4 9 5
291
670
13
1 ,8 8 2
402
486
401
486
63
63
628
809
74
649
*
6
18
10
5
71
47
16
56
41
18
10
58
14
42
6
87
6
22
20
7
1 ,9 1 1
413’
663
264
254
771
743
67
445
132
728
603
58
305
Short-term claims payable
in foreign currencies
Accept
ances
made for
account
of
foreign
ers
1
1
11
51
30
5
6
160
1
*
409
107
3
30
53
1
2
24
3
1
22
110
*
*
13
17
5
1
7
10
42
*
*
751
8
95
32
■*
*
2
1
2
_
*
*
12
3
*
559
296
1, 593
399
53
141
122
43
140
9
139
312
69
3
5
2
30
6
30
5
28
3
6
*
Venezuela..................
Other Latin American Republics.
Netherlands Antilles & Surinam.
Other Latin America,......,...
Total Latin America.........
Asia:
China, People 1s Republic of
(China Mainland)...........
China, Republic of (Taiwan)....
Hong Kong..................
India.....................
Indonesia..................
Israel.....................
Japar......................
Korea.....................
Philippines................
Thailand...................
Other Asia.................
Total Asia.................
Africa:
Egypt.....................
Morocco....................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Other countries:
Australia..................
All other..................
642
810
74
655
1 0 ,5 3 7
1
24
1
141
24
160
22
75
228
*
*
*
48
472
6
*
*
_
*
_
_
*
_
_
_
1
5
2 ,3 4 7
71
23
1
47
1
1
1
1
■*
_
*
33
301
1
30
27
10
10
45
87
1
12
45
9
51
3 ,1 3 7
76
63
53
181
207
105
1 ,2 7 7
835
323
416
654
102
130
40
270
97
85
32
218
1 5 ,6 7 5
15, 632
2 ,2 1 5
1 ,7 7 9
437
3 ,6 1 2
7 ,7 9 5
=
-*
1
-*
*
■*
1
1
-
21
1
*
*
14
1
15
1
■*
*
4
4
1
1
1
*
1
*
1
1 ,6 5 0
26
21
60
114
27
24
5
*
*
*
*
*
*
•*
_
6
■*
*
*
10
*
*
*
4
_
*
_
_
_
_
*
*
*
*
8
7
-
*
2
*
*
■*
*
2 ,0 0 9
44
37
*
7
1
*
■*
_
_
*
1
_
8
*
*
8
•*
1
*
_
_
=
89
12
299
101
291
89
12
272
101
291
26
6
51
87
134
26
3
20
85
57
1
3
31
2
78
1
4
62
1
92
60
1
156
6
59
3
7
6
1
28
*
*
792
764
304
190
114
161
281
17
___ 29
9
492
482
103
98
16
53
45
64
312
8
14
33
25
29
10
2
7
1
_
2
54
59
97
337
37
12
8
-
5 ,3 4 7
10,667
7 ,1 5 7
1,028
515
283
229
*
-
-
-
-
-
-
5 ,3 4 7
10,667
7 ,1 5 7
1,028
515
283
229
104
585
113
Total foreign countries........
3 4 ,2 2 8
1 1 ,0 5 7
Less than $500,000.
*
12 ,3 2 3
597
*
*
208
3 5 ,2 5 6
International and regional.....
436
198
173
1 2 ,3 5 0
835
324
416
662
Total other countries........
Grand total..................
-*
27
73
6 ,2 5 9
630
108
263
89
21
1
1
25
1
4
92
27
3
32
186
5
*
•*
*
42
1, 520
67
3
12
1
97
35
2
4
30
63
1 ,8 1 7
98
1,091
-
62
864
1
59
7
*
282
2 ,0 1 0
75
4
91
140
1
I 64
3 ,4 2 8
234
14
140
*
-
-
509
5 ,4 3 8
*
24
48
*
1 ,1 5 3
-
4
2
8
90
754
179
66
8
335
148
41
26
117
*
*
*
-
4
8
1
273
804
138
237
24
98
205
18
78
481
*
363
-
5
-
*
*
72
1
5
■*
1 ,5 5 8
317
303
32
433
352
59
104
482
238
16
Other
62
-
3
3
55
95
10
248
23
40
12
86
25
21
4
91
167
15
26
10 ,466
Foreign
government
obligations
and commer
cial and
finance
paper
_
_
_
_
-
Latin America:
Chile.....................
2
15
3
1
19
103
15
17
6
1
7
10
47
*
*
Other
Deposits of
reporting
banks and
Total domestic
customers
with
foreigners
1
3 5 ,2 5 6
1
3 4 ,2 2 8
1
11,058
7 ,6 2 5
*
7 ,6 2 5
3 ,4 3 2
*•
3 ,4 3 2
*
_
19
-
*
-
19
-
4
*
____ 4_
January 1975
91
______________________ CAPITAL MOVEMENTS________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable 1b dollars
Total
long-term
claims
End of
calendar year
or month
1957....................
1958........ ...........
1959....................
1960....................
1961....................
1962....................
f
Lo<ans
Total
Total
Official
Institutions
Banks
Other
foreigners
Other
long-term
claims
Payable in
foreign
currencies
1,174
1,362
1,545
1,698
2,034
2,160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
n.a.
n.a.
n.a.
n.a-.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
273
273
397
397
1,328
1,342
33
33
*
1,659
1,685
54
217
703
716
701
729
628
512
323
237
209
236
315
430
430
2,372
2,550
195
288
2
2
*
1
297
247
274
394
426
352
300
9
18
15
16
18 *
25
22
574
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,314
3,692
375
435
478
40
40
72
1963-May 1/..............
\
2,293
2,379
2,293
2,379
1963 1/.................
) 2,837
\ 3,030
2,834
3,028
2,260
2,346
2,781
2,811
1964 1/.................
j 3,971
^ 4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
3,777
3,995
4,211 '
3,915
.3,635
3,158
2,806
2,698
3,345
4,954
V 5,063
5,962-
4,914
5,023
5,889
4,539
4,588
5,412
833
844
1,145
5,767
5,889
5,828
5,&81
6,059
6,666
6,721
6,978
5,306
5,412
1,143
1,145
1,132
1,187
1,262
1,552
1,5^9
1,600
557
574
3,607
3,692
461
478
78
72
563
584
640
734
755
775
3,665
3,.588
3,616
3,814
3,867
4,056
469
522
541
567
550
546
79
79
75
76
67
66
1,469
1,434
1,418
1,439
1,373
891
895
853
914
933
4,099
4,075
4,108
4,212
4,259
545
539
542
608
618
67
68
71
71
72
1965....................
1966....................
1967....................
1968....................
1969....................
1970...'..................
1971....................
1972 1/.................
1973....................
f
1973-Nov................
Dec................
5,345
5,962
1974-Jan................
Feb................
Mar.................
Apr................
May........ .......
June...............
5,907
5,960
6,134
6,742
6,788
7,043
7,072
7,011
6,993
7,244
7,255
July...............
Aug................
Sept...............
Oct. p.............
Nov. p..............
7,005
6,943
6,922
7,174
7,182
5,359
5,359
5,518
6,099
6,171
6,431
6,460
6,404
6,380
6,565
6,564
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
725
728
793
702
669
528
502
504
575
n.a. Not available,
p Preliminary,
* Less than $500,000.
Treasury Bulletin
98
_____________________ CAPITAL MOVEMENTS________________________
Section II - Claim s on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Austria....................
Belgium-Luxembourg...........
1970
*
18
11
18
146
100
45
49
11
19
28
106
40
5
9
150
48
6
19
15
48
31
232
112
198
100
31
54
9
113
24
8
77
249
134
7
170
205
Oct. p
Nov.p
23
11
49
31
190
115
203
104
31
56
9
116
25
8
77
285
103
6
174
198
23
13
47
32
183
128
178
102
35
60
8
122
25
13
66
266
106
14
172
209
23
13
47
36
198
115
211
93
34
59
8
142
25
13
83
339
106
35
175
237
1,991
-
-
43
43
723
228
849
406
853
406
1,254
490
1,891
496
1,835
498
1,812
1,801
503
543
523
505
150
19
577
174
108
*
383
57
71
10
264
167
7
10
154
19
583
174
108
*
390
57
71
10
270
167
7
10
142
19
661
136
87
1
460
62
62
6
298
136
6
37
150
20
814
120
81
152
29
826
117
83
156
19
824
123
77
155
20
817
134
77
367
44
68
19
155
122
8
8
123
4
331
91
80
*
372
35
36
23
224
129
4
7
593
57
97
3
309
I84
39
16
625
58
101
2
294
204
39
16
1,325
1,458
1,996
2,020
2,112
2,480
2,546
646
61
106
2
279
202
14
13
2,520
2,473
154
20
838
127
72
3
662
67
103
2
205
215
8
14
2,489
157
27
859
132
70
25
671
70
99
3
220
200
28
17
2,578
*
19
2
44
6
15
115
98
234
32
99
663
22
7
81
10
35
246
79
160
22
165
829
37
166
43
47
74
280
247
103
147
18
513
35
189
46
48
68
247
264
111
147
18
487
34
183
46
47
73
248
257
116
148
22
475
1,674
1,659
1,649
15
-*
69
35
247
367
15
*
73
36
245
15
*
73
38
254
380
482
312
Latin America:
Total Latin America..........
18
13
42
31
350
94
193
96
28
54
6
143
32
10
76
222
105
8
169
201
Sept.
Aug.
20
13
47
30
273
114
225
97
40
58
8
138
26
13
90
331
105
27
177
223
2,058
-
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
July
3
22
29
22
174
89
89
61
20
47
8
113
28
3
39
148
72
5
129
154
12
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
June
*
18
11
16
146
100
44
49
11
19
28
102
48
5
9
145
48
6
Other Eastern Europe.........
Bahamas 2/..................
Brazil.....................
Chile......................
Colombia..,.................
Cuba.......................
Mexico.....................
Panama.....................
1973
1
22
2
11
127
102
45
33
4
13
18
93
49
8
8
130
35
6
*
16
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
Canada T__T....................
1972 1/
1971
1
13
2
19
88
35
39
4
8
24
14
83
35
3
*
71
25
6
Netherlands.................
Norway.....................
Portugal ...................
1974
135
7
251
82
59
-
-
-
-
1
-
-
49
4
73
23
147
319
79
163
17
326
1,200
49
13
73
23
149
353
96
171
17
326
1,271
62
90
33
54
29
219
251
103
169
18
544
1,571
49
126
43
45
49
274
244
112
167
15
535
1,660
47
149
36
44
56
268
269
110
166
16
513
1,675
42
154
42
43
67
274
269
94
159
17
506
1,668
18
1
57
36
249
361
15
*
62
42
239
-
-
*
3
20
6
98
5
50
17
113
*
3
70
35
148
*
3
70
36
158
16
2
88
31
216
15
1
55
36
237
Total Africa................
127
I84
257
267
353
345
Other countries:
Australia...................
All other...................
142
22
222
18
227
16
227
16
243
5,059
140
25
166
125
26
243
4,950
154
23
177
151
120
25
145
5,958
7,039
7,067
7,006
-
Total other countries........
164
240
Total foreign countries........
3,074
3,663
International and regional
Grand total...................
359
634
64
110
1
232
208
8
13
104
27
131
1
5
4
4
4
5
5
5
6,988
5
3,075
3,667
4,954
5,063
5,962
7,043
7,072
7,011
6,993
1/ Data in the two columns shpwn for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date, figures in the second
column are comparable to those shown for the following date.
370
110
30
140
146
7,239
7^250
5
5
7,244
7,255
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Let?s than $500,000.
p Preliminary,
116
30
January 19 J5
99
________________________ CAPITAL MOVEMENTS
Section II - Claims on Foreigners Reported by Banks in the U nited States
Table CM-II-6. - Long-Term Claims, by Type and Country, as o f N o v e m b e r 30, 1974
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe:
Austria...........................
Belgium-Luxembourg..................
Denmark...........................
Finland...........................
France............................
Germany...........................
Greece............................
Italy.............................
Netherlands........................
Norway............................
Portugal...........................
Spain.............................
Sweden............................
Switzerland........................
Turkey............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe................
U.S.S.R...........................
Other Eastern Europe................
■ Total
long-term
claims
Total
Loans
Other
Long-term
claims
payable in
foreign
currencies
23
13
47
36
198
115
211
93
34
59
8
142
25
13
83
339
106
35
175
237
23
13
47
36
198
109
211
93
29
59
8
142
25
13
83
339
104
35
175
237
23
12
46
36
174
107
202
82
27
59
8
138
25
7
82
234
104
35
175
233
*
1
1
*
24
2
9
11
2
*
*
4
*
6
1
105
1
*
*
4
-
6
-
*
5
-
*
*
2
-
Total Europe.......................
1,991
1,978
1,809
169
13
Canada..............................
505
459
392
67
47
Latin America:
Argentina..........................
Bahamas...........................
Brazil............................
Chile.............................
Colombia..........................
Cuba..............................
Mexico............................
Panama............................
Peru..............................
Uruguay...........................
Venezuela....................
Other Latin American Republics...
Netherlands Antilles and Surinam.
Other Latin America...........
157
27
859
132
70
25
671
70
99
3
220
200
28
17
156
27
858
132
70
25
669
70
99
3
219
200
28
17
121
27
806
57
64
22
645
67
96
3
204
189
24
16
34
*
52
75
5
3
24
3
3
■*
15
11
4
1
1
_
1
_
_
2
_
_
_
1
_
_
-
Total Latin America.................
2,578
2,573
2,342
231
6
34
183
46
47
73
248
257
116
148
22
475
34
183
46
47
73
248
257
116
148
22
475
34
150
43
43
72
246
223
103
131
19
460
1
33
3
4
1
3
34
14
16
3
15
Asia:
China, People’s Republic of (China
Mainland)......................... 1
China, Republic of (Taiwan)..........
Hong Kong..........................
India.............................
Indonesia..........................
Israel............................
Japan............................. 1
Korea.............................
Philippines........................
Thailand..........................
Other Asia.........................
-
-
_
-
Total Asia.........................
1,649
1,649
1,522
126
Africa:
Egypt.............................
Morocco...........................
South Africa.......................
Zaire.............................
Other Africa.......................
15
■*
73
38
254
15
*
65
38
254
15
*
62
36
239
3
2
16
Total Africa.......................
380
373
352
21
7
Other countries:
Australia..........................
All other..........................
116
30
116
30
114
30
2
*
-
Total other countries...............................................................
146
146
144
2
7,250
7,177
6,561
616
International and regional.....................................................
5
5
4
1
Grand total........................................................................................................
7,255
7,182
6,564
618
Total foreign countries...............
*
Less than $500,000.
-
7
-
-
_
-
72
-
72
100
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - L iabilities to Foreigners Reported by N onbanking Concerns in the U nited States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Payable in
dollars
Total
Payable in
foreign
currencies
Long-term
liabilities
1957.................
566
491
428
62
75
1958.................
499
440
368
71
60
664
581
512
69
83
{
574
596
485
507
424
437
61
70 J
89
f
{
674
691
583
600
510
525
73
f
(
756
778
673
684
563
572
111
1133
833
678
569
109
155
f
\
778
817
626
665
527
551
99 ^
114 J
151
f
798
805
637
644
508
513
129
130
161
775
626
479
148
763
725
622
585
471
441
151
144
807
700
556
144
1959.................
I960 2/..............
1961-Mar._2/..........
June 2/..........
f
Dec..............
1962-June 2/..........
Dec. 2/..........
<
1963.................
1964-June 2/..........
f
\
Dec..............
f
943
958
1,419
f
1,784
1,815
1968.................
2,737
1969 2/..............
91
76 J
83
94
J
148
140
J
107
f
136
147
600
210
1,089
827
262
329
1,371
1,386
1,027
1,039
343
347
414
428
1,608
1,225
382
1,129
f 3,511
\ 4,428
1,786
2,124
1,399
1,654
387
471
1970.................
5,780
,2,677
1,725
2,304
3,102
1971 2/..............
r 5,863
5,901
j 6,659
t 7,224
7,300"
7,849
1965 2/..............
I
1966........... ......
1967 2/..............
1972 2/..............
1973-June.............
Sept.............
Dec..............
1974-Mar..............
June p...........
\
\
8,221
8,619
9,047
j
810
^
2,181
496
2,704
2,763
3,119
3,536
37442“
2,229
2,301
2,635
3,024
27864
475
463
484
512
578
3,857
3,760
4,219
4,695
3,041
3,437
720
782
4,089
4,003
3,795
900
3,924
4,351
1,024
5,374
Note;
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for most recent five
•quarter ends for which figures are available. Data are also shown
2/
3.159
3,138
3,540
3,688
3,673
for earlier quarter ends when the reporting coverage changed.
Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date, p Preliminary.
January 1975
101
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1973
1974
Country1970
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........
1971 1/
1972 1/
2
83
7
4
167
164
15
121
109
14
4
81
13
105
4
1,107
7
2
*
3
2
81
19
4
166
188
24
103
113
13
4
72
25
81
3
781
17
3
6
16
2,012
215
19
323
35
18
8
1
27
8
5
6
17
35
10
29
391
35
18
7
1
26
18
4
7
21
45
10
4
519
615
32
28
12
7
12
12
149
20
15
5
117
32
26
12
7
16
19
224
21
16
5
152
420
1
18
11
26
10
10
173
13
5
3
141
412
410
1
3
34
2
38
78
1
1
31
1
34
68
1
1
31
1
34
67
75
7
46
9
42
8 *
1,722
250
236
255
320
294
24
434
47
13
7
*■
36
18
6
3
23
47
11
19
688
24
364
42
13
8
*
35
17
10
2
24
58
7
20
38
419
64
20
9
*
44
13
15
2
50
67
6
22
49
206
78
6
18
-*
67
14
17
3
69
66
5
37
52
278
125
9
22
-*
69
19
11
2
60
91
6
59
625
769
635
803
36
33
18
7
15
11
348
20
17
6
183
42
34
41
14
14
25
294
37
17
6
239
763
20
53
24
14
13
31
374
38
9
7
363
947
39
74
19
13
22
39
374
44
19
7
527
530
31
37
13
7
15
14
290
18
20
6
141
593
1,177
25
3
7
1
56
32
3
8
1
59
20
7
6
12
60
11
13
6
19
84
48
25
22
21
109
36
17
24
15
141
92
104
105
134
25
15
14
19
113
187
224
233
45
14
59
72
11
94
9
118
12
134
22
Total Europe..............
221
181
181
209
11
162
19
11
6
18
275
21
14
7
*
22
5
7
2
16
33
3
5
429
18
289
22
14
7
*
22
5
7
2
16
32
3
5
442
1
9
9
38
9
24
144
1
7
4
49
296
1
18
12
27
10
10
177
13
7
3
142
Total Asia................
Africa:
Egypt....................
Morocco...................
South Africa..............
Zaire....................
Other Africa..............
Total Africa..............
Other countries:
Australia.................
All other.................
Total other countries.......
Total foreign countries.......
694
82
55
50
47
13
60
156
2,704
2,763
3,119
3,535
103
3,760
130
2,677
83
3,442
94
24
117
4,219
4,666
5,311
-*
*
*
*
*
3,119
< 3,536
3,442
3,760
4,219
4,695
i>2_
5,374
International and regional
Grand total.................
June p.
12
387
18
9
m
'214
28
146
114
9
17
56
52
114
28
1,205
36
6
9
22
2,6
Canada.....................
Total Latin America........ .
Mar.
5
221
17
8
161
238
21
136
123
9
24
68
43
94
26
1,129
31
3
5
21
2,384
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*
4
1.611
Asia:
China, People's Republic of
(China Mainland)..........
China, Republic of (Taiwan)...
Hong Kong.................
India....................
Indonesia.................
Israel....................
Japan....................
Korea....................
Philippines...............
Thailand..................
Other Asia................
Dec.
3
131
9
7
168
236
40
116
134
9
13
77
48
103
18
940
28
3
6
25
2,115
5
66
2
2
142
117
4
108
/'0
5
16
66
17
104
2
817
3
2
*
4
1,551
22
5
4
4
18
37
23
__ 6
329
Sept.
2
129
18
1
165
200
33
108
115
10
12
79
32
142
11
858
22
3
6
18
1,969
2 ■
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
*
3
1,830
46
2
2
126
139
4
77
128
5
13
24
34
159
4
882
4
11
2
2
1.671
Latin America:
Argentina................
Bahamas 2,/................ .
Brazil.....................
Chile.................... .
Colombia.................. .
Cuba..................... .
Mexico.....................
Panama.....................
Peru..................... .
Uruguay................... .
Venezuela................. .
Other Latin American Republics,
Netherlands Antilles & Surinam,
Other Latin America........ .
June
•*
2,677
2,704
*.
2,763
1/ Data in two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
* Less then $500,000.
p Preliminary.
.
Treasury Bulletin
102
_________________________________CAPITAL MOVEMENTS______________________________
Section III - Liabilities to Foreigners R eported by Npnbanking Concerns in the United States
T a ble CM -III-3. - Short-Term Liabilities, by Type and Country, as o f June 30, 1974
Prelim inary
(Position in millions of dollars)
Total
short-term
liabilities
Country
Eurone:
Austria.....................
Belgiuro-Luxembourg...........
Payable in
dollars
Payable in
foreign
currencies
...
12
387
18
9
204
214
28
146
114
9
17
56
52
114
28
1,205
36
6
9
22
11
260
18
9
176
89
25
116
82
9
16
53
50
63
25
846
27
5
9
20
-*
127
1
*
28
125
3
30
32
;
2,687
1,909
778
Canada...................... .
Latin America:
Argentina................... 1
Bahamas.....................
,
Brazil.....................
Chile.......................
Colombia,.... ..............
Cuba.......................
Mexico.....................
Panama................... .
Peru.......................
Uruguay........... .........
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
!
Other Latin America...... .
1
294
243
50
52
278
125
9
22
-*
69
19
11
2
60
91
6
59
803
38
234
124
9
21
*
67
11
10
1
53
85
6
58
14
44
1
•*
1
*
2
8
1
*
7
6
*
1
717
86
39
74
19
13
22
39
374
44
19
?
527
1,177
39
73
16
12
22
38
339
44
17
5
517
1,122
1
3
1
*
1
35
1
2
1
9
i
!
i
36
17
24
15
141
36
17
22
14
136
■*
■*
2
1
6
!
233
224
8
1
1
|
94
24
117
49
23
72
45
1
5,311
4,287
1,024
63
63
-
5,374
4,351
1,024
Finland.... '................
France.....................
Germany.....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
i
1
Spain......................
Sweden........ .......... .
Switzerland.................
Turkey.....................
United Kingdom...............
Yugoslavia..................
Other Western Europe.........
U.S.S.R.....................
Other Eastern Europe.........
Asia:
China, People’s Republic of _
(China Mainland).......
China, Republic of (Taiwan)...
I
(
:
:
1
4
2
51
3
359
9
1
*•
2
55
Africa:
Other countries:
International and regional......
* Less than $500,000.
46
I
103
January 1975
___________________________________________________C A P IT A L M O V E M E N T S ____________________________________________________
Section III - L iab ilities to Foreigners Reported by N onbanking Concerns in the U nited States
Table CM-III-4. - Long-Term Liabilities by Country
(Position at end of period in million^ of dollars)
Calendar year
1974
1993
Country
1970
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark....................
Finland....................
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
Portugal....................
Spain......................
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
U.S.S.R....................
Other Eastern Europe.........
Total Europe................
1971 1/
*
261
41
72
558
19
201
I64
*
4
5
3
453
June
Sept.
Dec.
lifer.
949
X
*
_
2,560
2
218
38
*
52
.358
20
158
247
**
3
5
55S
*
981
*
X
_
2,^40
*
227
42
*
49
377
22
147
263
2
*
3
5
569
X
930
*
*
_
*
2,636
*
201
42
*
40
389
8
148
272
2
*
2
5
535
*
1,055
*
*
_
*
■*
179
36
*
28
387
8
156
253
2
*
4
5
544
-*
1,12C
*
*
*
2
180
39
*
23
397
6
158
253
2
*
5
26
535
*
1,159
*
*
2,701
2,724
*
2,783
64
86
91
92
112
115
109
1
343
1
1
*
1
11
1
1
2
4
18
1
385
1
411
1
1
*
2
5
1
*
1
5
5
9
442
1
490
1
1
1
3
314
1
250
1
1
*
1
11
3
1
2
4
64
1
340
501 1
1
323
3
1
1
_
3
4
*
*
2
9
5
5
357
1
287
3
1
1
_
4
4
*
*
2 '
8
5
4
319
_
*
*
*
_
5
39
X
1
*
1
47
*
*
1
1
*
6
482
x
5
-*
1
497
*
*
1
1
*
8
570
*
6
*
*
1
1
1
*
8
622
*
6
*2
642
i
*
*
1
*
6
481
X
5
*
1
495
*
1
1
1
-*
8
501
x
6
*
2
521 j
*
1
1
1
*
9
513
*
7
*■
2
534
*
1
1
1
1
4
322
*
7
*
2
338
*
*
*
_
6
*
*
*
_
6
*
*
2
1
*
*
!
i
2,
7
|
1
6
1
2
*
6
*
1
2
•*
5
■*
1
9
■8
126
*
154
*
127
155
1972 1/
*
261
41
81 1
553 .
19
201
I64
*
4
5
3
455 |
_
866 '
*
* 1
_
- 1
2,652
:
1
174
14
Ill
614
*
161
140
*
7
5
5
424
*
1,087
*5
,
2,747
890
X
X
_
2,670
67
72
73
3
188
2
1
■*
*
14
1
5
2
2
1
*
219
1
285
1
1
*
1
14
*
*
2
3
10
*
319
1
280
1
1
*
1
14
*
*
2
3
10
*
;
1
!
Canada.....................
■
*
254
43
*
78
348
20
152
236
*
*
3
475
June p
1
184
32
*
19
399
1
146
240
1
*
4
28
525
•*
1,164
*
*
_
*
2,745
Latin America:
Bahamas ?./..................
Chile......................
Colombia....................
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics.. :
Netherlands Antilles & Surinam..
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong................... 1
India......................
Indonesia...................
Israel............. .........
Japan......................
Korea......................
Philippines.................
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
Total Africa................
Other countries:
Australia...................
All other...................
*
*
*
*
_
5
30
x
1
-*
5
42
-*
*
*
_
5
39
*
1
•X1
47
*
*
*
_
7
7
6
7
7
6
6
3
8
45
-*
45
*•
74
*•
74
*
99
*
121
*-
9!
------...... 11
135
*
75
99
121
135 j
1
45
45
74
International and regional
3,159
_
3,138
_
3,540
_
Grand total..,.................
3,102
3,159
3,138
3,540
l/
2
587
i
|
1
i
*
*
¥r
3,102
_
Total other countries........
1
1
j
1
*•
2
7
6
9
525
*
*
_
*6
21
*
21
Total foreign countries........
1
!
1
466
1
1
1
_
3
4
*
*
2
9
5
9 '
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
3,688
_
2/
*
p
3,857
_
4,089
-
4,003
*
3,924
-
.3,857
3,924
4,003
4,089
3.688
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
3,673
3,673 .
Treasury Bulletin
104
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by T ype
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
1/
Payable in foreign currencies
Total claims
Total
947
1957...............
111
Payable in
dollars
Deposits with banks
abroad in reporter's
own name
637
Long-term
claims
Other short-term
claims payable in
foreign currencies
78
63
170
1958...............
943
720
568
88
63
223
1959...............
1,009
705
605
68
32
304
I960 2/.............
f 1,775
^ 1,859
1,432
1,505
824
875
58
71
549
560
344
354
1961-Mar. 2/........
f 1,633
\ 1,701
1,248
1,305
939
968
76
89
233
248
385
396
to O'
1
—1I
—1
1,496
1,528
1,181
1,208
122
126
193
194
399
406
2,099
\ 2,117
1,646
1,664
1,323
1,340
131
132
192 )
192 J
453
2,138
1,636
1,335
150
151
502
f
2,443
12,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
f 2,809
\ 2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
1963-Mar. 2/........
f
2,929
^ 2,979
2,113
2,162
1,712
1,758
201
204
200 1
200 j
816
June 2/........
f
3,048*1
^ 3 ,1 6 4 j
2,282
1,877
222
183
Dec. 2/........
f
2,854
^ 2,922
2,131
2,188
1,739
1,778
201
199
191
211
^23
734
1964-June 2/........
f
3,297
t 3,245
2,482
2,430
2,000
1,952
220
219
262^
260 J
815
Dec. 2/........
f
3,738
^ 3,934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
1965 2/.. ..........
f 3,565
t 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
f 4,483
V 4,581
2,946
3,011
2,529
2,599
201
203
216
209
1,537
1,570
5,572
3,783
3,173
368
241
1,790
5,925
\ 6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
4,160
3,579
2,950
5,185
5,004
4,535
4,467
234
318
290
348
8,303
\ 8,122
333
247
3.118
3.118
9,094
9,839
5,723
6,366
5,074
5,688
411
396
238
282
3,370
3,472
11,099
7,424
6,555
503
366
3,674
7,800
6 , 84c
535
425
3,844
11,644
12,474
8,558
7,624
489
445
3,915
Dec.... .......
14,653
10,608
9,642
. 412
554
4,045
1974-Mar............
June 2/........
f
Sept. 2/........
Dec............
1962-June 2/........
Dec. 2/........
1967 2/.............
1968...............
f
1969 2/.............
1970...............
1971 2/............
f
1972 2/.............
f
1973-June........... .
I
10,323
11,289
15,326
Note:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not s h o w n ; s u c h ^
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
1
r
f
t
166
882
4,037
\TrQY*orra n’
honrroH
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those s'h°'"irn for the following date,
p
Preliminary.
436
530
105
January 1975
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by C ountry
(Position at end of period in millions of dollars)
Calendar year
1973
1974
Country
1971 1 /
1970
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark....................
Finland....................
France.....................
10
1972 1 /
14
62
15
47
17
20
14
60
15
18
11
18
150
209
28
163
62
16
15
13
16
124
40
63
9
947
13
13
14
13
62
28
23
202
220
192
34
186
176
39
194
78
17
June
Sept.
19
73
29
25
231
195
35
17
109
202
201
201
96
19
25
119
20
21
15
112
21
31
283
265
52
Dec.
Mar.
17
106
46
44
June p
17
139
27
80
537
345
76
16
152
37
42
23
208
192
35
191
69
13
16
125
40
63
9
957
13
13
14
13
20
48
25
22
28
Total Europe................
1,652
2,080
2,052
2,309
2,561
3,059
3,099
3,457
4,248
4,582
Canada.......................
Latin America:
769
909
781
899
965
1,305
1,341
1,251
1,532
54
59
520
175
33
41
79
662
172
34
39
60
766
183
29
36
75
633
1
1
65
746
208
34
43
Italy......................
Netherlands.................
Norway.....................
Portugal ...................
Spain......................
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
U.S.S.R....................
Other Eastern Europe.........
Chile......................
81
40
47
8
698
17
9
1
61
55
188
120
366
48
37
1
1
1
156
151
151
18
21
21
34
5
34
5
81
101
81
6
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
67
99
9
29
874
12
14
23
19
1
180
19
40
4
89
91
99
9
Q
12
24
23
1,289
1,084
*
1
1
*
33
17
34
41
24
37
29
23
411
41
23
35
28
67
24
33
33
31
456
63
49
15
21
23
323
42
30
11
145
678
Africa:
Egypt......................
137
56
79
47
1,044
46
45
2L...
1,09C
21
366
148
150
47
46
36
Other Latin American Republics..
Netherlands Antilles and Surinam
68
9
3
30
3
47
,92
.
■
22
405
68
68
49
15
146
844
48
15
144
830
9
3
41
41
97
156
97
155
83
19
6
201
9
972
,
2
6
7
3
53
5
73
140
84
16
19
157
57
82
48
1,224
12
12
23
19
181
85
36
4
92
95
13
34.
1,527
*
65
33
34
48
31
468
67
59
23
206
1, 035
16
4
52
8
90
170
325
278
40
140
49
90
14
1,495
18
9
73
203
83
34
5
101
103
11
90
1,705
11
77
40
29
47
27
494
46
64
24
207
1,066
23
3
51
15
... 9.4_*_
187
21
24
169
53
65
17
1,544
21
12
1
310
1
37
5
104
127
9
105
1,771
49
5
143
134
202
30
19
57
42
40
120
t
1,580
94
765
409 1
78
44
94
1,007
523
1
260
178
67
6
143
172
12
16
134
1,571
18
3
62
18
124
225
1
138
2,754
11
120
238
51
262
187
61
5
173
172
12
2 , 386
8
65
,
64
158
214
1,932
47
37
54
38
821
105
73
28
101
432
106
75
46
1,871
41
23
69
1,846
230
102
133
36
414
74
90
41
71
34
1,559
49
15
77
27
402
111
22
112
101
235
28
5
.60
19
90
337
87
327
244
185
48
77
44
32
52
28
633
55
70
28
207
1,274
412
284
51
237
118
18
49
36
51
38
1,142
109
87
53
260
2,034 :
15
2
69
20
160
266
3
119
68
38
67
37
977
124
86
54
323
1,896
17
4
85
17
199
321
Other countries:
All other...................
Total other countries........
Total foreign countries........
80
15
94
102
80
17
98
4,159
5,182
5,000
International and regional......
1
4
4
4,160
5,185
5,004
1/
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
101
97
25
123
110
22
111
31
142
117
39
157
6,365
7,423
7,800
8,558
10,607
11,288
1
1
1
*
*
1
1
5,723
6,366
7,424
7^800
Bj55&
10,608
1 1 ,2 8 9
114
83
23
107
5,723
94
20
75
26
90
2/ .Through -December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000.
p Preliminary,
Treasury Bulletin
106
______________________________ CAPITAL MOVEMENTS________________________________
Section IV - C laim s on Foreigners Reported by N onbanking Concerns in the U nited States
T able C M -IV -3 . - Short-Term C laim s, by T ype and Country, as of
June 30, 1974
P relim inary
(Position in millions of dollars)
Payable in foreign currencies
Total
short- term
claims
Country
Payable in
dollars
Deposits with banks abroad
in reporters own name
Other short-term claims
payable in foreign currencie;
Europe:
I
Belgium-Luxembourg...........
!
France.....................
17
139
27
80
537
345
76
133
36
101
432
106
75
46
1 ,8 7 1
41
23
69
28
15
128
24
80
508
312
73
383
112
34
100
425
102
67
44
1 ,7 3 2
41
22
69
27
4 ,5 8 2
402
Norway.....................
Portugal....................
Spain................. .....
Switzerland.................
Turkey.....................
United Kingdom...............
Yugoslavia..................
Other Western Europe.........
U.S.S.R.....................
Other Eastern Europe.........
*
2
7
4
2
*
*
12
7
1
10
2
1
*
3
*
7
1
97
*
17
27
2
8
19
1
1
3
3
2
■*
42
*
*
*
*
*
*
*
4 ,2 9 8
148
135
1 ,5 8 0
1 ,2 7 9
42
259
94
1 ,0 0 7
523
64
51
1
262
187
61
5
173
172
16
138
77
999
501
64
50
1
8
21
16
1
1
*
-x-
*
*
1
*
260
179
56
4
165
162
15
137
*
2
3
2
1
4
5
2 ,7 5 4
2 ,6 6 9
49
3
119
68
38
67
37
977
124
86
54
323
1 ,8 9 6
3
114
60
31
66
35
796
122
77
53
294
1 ,6 5 2
17
4
85
17
199
13
4
71
15
185
321
117
39
1
Latin America:
i
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Asia:
China, People’s Republic of^
(China Mainland)............
China, Republic of (Taiwan)...
5
3
*
4
5
*
•*
1
*
1
35
■*
1
1
_6
*
*
4
6
1
*
12
2
34
2
7
1
18
170
73
147
*
1
*
Africa:
3
1
*
*
2
2
8
12
287
15
19
99
37
11
1
7
1
•*
6
Other countries:
International and regional ......
l.ess than $500,000.
157
137
12
8
1 1 ,2 8 8
1 0 ,3 2 2
436
530
1
1
1 1 ,2 8 9
1 0 ,3 2 3
-
436
-
530
107
January 1975
..CAPITAL M OVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claim s Reported by Large Nonbanking Concerns by T ype
End of
calendar year
or month
1965 2/
(In millions of dollars)
Payable in dollars
Total
short-term
liquid
claims
Demand
90
40
69
59
133
133
87
177
178
50
51
77
77
332
49
49
49
60
951
1,062
116
161
250
269
174
183
86
114
57
973
805
58
699
48
901
66
66
702
786
1,638
1,192
28
1,068
r1,318
VI, 491
1,222
Short-term
investments y
45
45
557
549
985
1,306
Time
227
219
168
19
19
196 8
1969 2/.
Time
691
625
r1,078
VI, 163
1967 2/.
Deposits
Short-term
investments 1/
r 917
V 844
196 6
Payable in foreign currencies
Depos its
92
88
76
1,141
rl,648
v.1,507
697
1,092
1,078
150
294
173
121
1,295
1,205
203
127
354
302
120
68
rl,965
V.2,373
1,615
1,966
1,446
1,910
169
55
350
408
234
234
307
340
1973__
3,184
2,640
2,603
37
544'
431
113
1973-0ct.,
Nov..
Dec.,
2',991
3,239
3,184
2,858
3,260
3,701
3,588
3,684
3,677
3,787r
3,521r
3,066r
2,681
2,393
2,666
2,328
66
64
37
59
65
99
60
76
62
598
573
544
515
572
575
547
557
550
74
51r
30r
25
474
512
552r
547
197 0
197 1
1972 2/.
1974-Jan.,
Feb.,
Mar.,
Apr.,
May.
June
July
Aug.
Sept
Oct.,
847
2,602
2,603
2,640
2,284
2,624
3,027
2,981
3,051
3,065
3,239r
2,958r
2,483r
2,:.09
2,343
2,688
3,126
3,040
3,126
3,127
3,313r
3,009r
2,513r
2,134
42
68
148
451
437
431
365
368
358
339
331
369
341
368
363r
331
136
113
149
203
213
209
227
181
133
144
189
216
from the date on which the obligation was incurred by the foreigner.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line are
comparable to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
r Revised.
Note:
Data represent the liquid assets abroad of large nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1970
1974
1972 1/
1971 1/
June
1973
14
39
4
22
3
6
577
14
39
3
22
3
6
580
21
23
5
16
2
21
702
34
25
13
17
2
21
912'
51
18
10
16
7
6
1,128
36
30
6
10
7
8
1,419
July
Aug.
Sept.
Oct.
36r
34r
10
9
9
6
1,442
15r
23
7
6
10
7
l,436r
lOr
20
5
5
9
7
l,195r
11
.3
4
4
7
13
1,119
Switzerland..............
United Kingdom............
6
12
31
15
6
7
372
Canada...................
436
587
443
485
535
775
927
828
870
864
Bahamas 2/...............
144
259
259
459
562
597
814
937r
637r
408r
291
282
305
323r
392r
277
139
170r
186
Belgium-Luxembourg........
Italy....................
Japan...................
58
77
77
132
137
299
All other countries y .....
54
61
61
100
114
277
Total...................
1,141
1,648
1,507
1,965
Note:
Data represent the liquid assets abroad of large nonbahking con
cerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
2,373*
3,184
|
3,677
3,787r ;
3,521r
835
149r
116
3,066r
2,681
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas,
y
Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
r Revised.
Treasury Bulletin
108
_____________________________ CAPITAL MOVEMENTS_______________________________
Section IV - Claim s on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-6. - Short-Term Liquid Claims R eported by Large Nonbanking Concerns,
by Type and Country, as o f O ctober 31, 1974
(Position in millions of dollars)
Payable in dollars
Total
short-term
liquid
claims
Country
Total
Deposits
Payable in foreign currencies
Short-term
investments 1/
Total
Deposits
Short-term
investments 1/
Belgium-Luxembourg...........
11
9
9
-
2
2
_
France.....................
3
2
2
-
1
1
*
Germany....................
4
1
-*
-
3
-
4
1
*
3
Italy......................
4
4
-
Netherlands.................
7
6
6
-
1
1
-
Switzerland.................
13
2
2
-
11
11
-
1 ,1 1 9
1 ,0 7 3
1 ,0 7 3
-
46
46
*
248
43
205
United Kingdom..............
Canada.....................
835
587
567
20
Bahamas....................
291
284
284
-
6
6
-
2
168
159
9
Japan......................
277
109
108
All other countries 2/.......
116
61
57
4
55
53
2
2 ,6 8 1
2 ,1 3 4
2 ,1 0 9
25
547
331
216
Total......................
!
Note:
Data represent the liquid assets abroad of large nonbanking concerns
on demand or having a contractual maturity of not more than one year
in the United States. They are a portion of the total claims on foreigners
from the date on which the obligation was incurred by the foreigner,
reported by nonbanking concerns in the United States and are included
2/ Includes the liquid claims of $500 thousand or more held by reporting
in the figures shown in Tables CM-IV-1 through CM-IV-3.
concerns in any country not listed above.
1/ Negotiable and other readily transferable foreign obligations payable
* Less than $500,000.
January 1975
109
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the U nited States
Table CM-IV-7. - Long-Term Claim s by Country
(Position at end of period in millions of dollars)
Calendar year
1974
1973
Country
1971 1/
1970
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark....................
Finland....................
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
Portugal ...................
Spain......................
Sweden.....................
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
U.S.S.R....................
Other Eastern Europe.........
Total Europe................
Canada.......................
Latin America:
Argentina...................
Bahamas 2/..................
Brazil.....................
Chile......................
Colombia....................
CUUid............. ...... .
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America........
Total Latin America.
Asia:
China, People's Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong...............
India...................
Indonesia...............
Israel..................
Japan...................
Korea...................
Philippines.............
Thailand................
Other Asia..............
Total Asia.
Africa:
Egypt......
Morocco....
South Africa.
Zaire......
Other Africa.
Total Africa.
Other countries:
Australia....
All other....
Total other countries....
Total foreign countries....
1
4
7
3
19
1
4
7
3
19
20
20
19
67
40
333
28
15
67
40
333
28
15
86
86
86
51
43
43
10
3
146
4
6
2
6
2
128
13
11
12
3
14
16
57
88
312
22
2
22
7
992
1 ,0 5 2
1,070
875
894
949
56
129
146
252
19
10
65
42
18
15
30
247
*2
65
130
147
249
20
9
73
44
18
10
38
241
*
53
131
145
253
955
1 ,0 2 9
40
1
18
32
75
134
140
75
70
18
100
610
128
13
7
53
54
343
25
13
70
34
28
15
163
16
26
7
43
55
366
28
16
65
34
29
27
187
16
12
11
12
7
7
4
6
53
9
39
73
379
34
15
59
29
49
27
174
14
6
854
832
832
878
669
761
767
833
71
3
183
261
38
9
60
29
30
66
66
4
174
23
143
34
9
60
29
28
4
30
225
4
174
217
34
9
60
29
28
4
30
225
861
886
887
29
33
33
2
2
2
13
17
46
140
81
42
16
47
15
15
21
21
49
141
79
48
17
62
41
136
85
48
17
62
432
468
461
2
216
59
8
I 84
236
30
9
60
36
16
4
30
223
39
1
17
28
74
156
944
71
25
187
238
32
9
64
35
16
4
30
241
12
11
16
5
20
11
12
9
79
45
18
18
12
52
54
25
27
26
370
15
6
24
22
40
25
362
16
12
12
1,129
1,089
1,008
50
46
29
184
249
100
194
250
13
9
81
45
16
19
64
229
1
12
9
137
59
15
19
67
226
1
_________ 1_
1
20
10
52
1
17
31
86
55
1
17
31
84
2
56
4
53
6
16
16
30
92
128
75
83
18
26
115
88
25
91
123
78
89
17
92
598
591
614
4
1
22
2
22
4
1
24
5
543
57
4
*
122
84
81
17
95
1
72
1
74
18
1
80
87
82
104
104
112
119
123
100
102
5
107
116
16
121
5
115
12
120
21
121
22
127
133
3,469
3 ,6 7 0
3 ,8 4 0
_4_
3,472
4
4
3 ,6 7 4
3 ,8 4 4
78
5
64
2,950
83
3,115
105
2,950
3,118
3,370
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
24
64
337
25
1,055
530
59
5
77
5
3
53
13
25
67
345
33
1,071
*-
86
6
45
14
37
70
340
30
13
55
25
53
26
285
2
______2
4
*
64
10
1,045
562
2
7
14
1
5
54
10
2
2
63
16
83
4
•*
June p
1 ,0 4 7
85
63
16
83
68
Mar.
39
239
1
3
130
69
58
17
82
2
Dec.
8
10
4
6
52
13
39
74
381
35
15
58
27
52
25
211
14
5
15
7
4
7
6
International and regional.
Grand total.............
Sept.
1972 1/
19
1
79
4
_81_
17
138
142
4,041
4,045
2/ Through December 31, 1972, Bermuda included with Bahamas.
*
Less than $500,000.
p Preliminary.
—
14?
4,032
4,037
110
Treasury Bulletin
PAPTTAT. M O V E M E N T S
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales o f Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Corporate and other siecurities
Marketable Treasury bonds and notes
Net foreign purchases
Calendar year
or month
Foreign countries
Total
Official Other
insti
foreign
tutions
ers
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
561,672
3,316
305
-2:37
524
_c)8
-20
-207
369
Inter
national
and
regional
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,738
2,778
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
2,433
3,391
-39
435
252
223
60
207
-173
-375
678
1,070
4,234
2,688
1,582
1,435
4,068
4,759
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,881
1,974
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,807
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,832
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,785
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,762
1,751
1,295
7,482
6,187
324
• 6,982
6,657
256
-23
-138
-19
466
462
604
481
394
-4
1,088
878
263
13
188
222
51
251
89
-144
139
203.
66
242
741
459
777
549
327
653
652
603
638
346
261
410
174
157
49
19
-15
8
1,482
873
976
743
896
577
576
521
-6
269
180
134
186
-5
190
176
214
124
541
820
914
883
819
546
629
737
669
695
-1
79
4
-80
-70
507
579
447
613
546
-615
50
1973-Nov........
Dec........
-691
-486
-722
-506
36
19
-5
1
149
117
1974-Jan........
Feb........
Mar........
Apr........
May........
June........
-432
-45
157
-237
-28
-101
-472
-37
19
-39
-10
16
-50
-3
20
31
166
-82
29
-97
59
422
264
225
427
161
840
603
491
467
107
462
455
261
July........
Aug........
Sept........
Oct .p.......
Nov.p.......
23
-37
-116
70
132
14
-11
26
38
50
9
47
-82
32
57
120
313
183
201
403
97
350
298
132
271
-
-172
-7
-
-73
-60
-
25
Stocks
Gross
foreign
sales
-59
-20
-245
48
-380
-115
-41
1,661
3,281
465
-796
36
95
56
30
51
59
123
-119
-22
5
Bonds 1/
Gross
foreign
purchases
273
165
224
532
-521
302
-315
-151
-427
-121
-161
11
-25
130
57
-165
131
1958............
1959............
1960............
1961............
1962............
1963............
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974-Jan.-Nov.p....
Net
foreign
purchases
Net
of
corporate foreign
and other purchases
securities
1/ Data include transactions in issues of states and municipalities, and
of corporations and other agencies of the U.S. Government.
ap
Gross
Gross
Gross
Net
foreign
foreign foreign
foreign
purchases purchases
purchases sales
Gross
foreign
sales
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
802
586
846
559
591
513
508
500
443
693
616
Preliminary.
Table CM-V-2. - Foreign Purchases and Sales o f Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Foreign bonds
Foreign stocks
Net foreign
purchases
of foreign
securities
Net foreign
purchases
Gross foreign
purchases
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
-818
-1,026
-512
-562
—460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,686
2,581
2,441
2,621
2,932
2,467
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1973- Nov.............
Dec.............
-1,709
-236
-50
-1,861
-213
-65
2,804
317
209
152
-22
15
1,782
156
159
1974-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June............
-291
-46
-311
-185
-66
-108
364
145
398
323
154
272
-146
-126
-35
-340
-56
94
59
72
86
92
251
214
152
362
170
2
-1
-16
34
-2
90
12
29
45
-63
22
209
206
167
189
173
207
128
146
145
89
124
1,630
178
144
207
206
183
155
174
117
July............
Aug.............
Sept............
-292
-45
-295
-219
-64
-197
-158
-155
-80
-276
-78
943
104
144
71
100
102
103
89
74
Calendar year
or month
1958................
1959................
1960................ ‘
1961......... ......
1962................
1963.............. .
1964................
1965................
1966................
1967........... .....
1968........... .....
1969........<. <......
1970......... ......
1971................
1972................
1973................
1974-Jan.-Nov. p......
Nov. p..........
p
Preliminary.
Gross foreign r
sales
Net foreign
purchases
Gross foreign
purchases
Gross foreign
sales
116
117
100
152
102
111
January 1975
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
R eported by Banks and Brokers in the U nited States
Table CM-V-3. - Net Foreign Transactions in M arketable Treasu ry Bonds and N otes by C ountry
fin millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1
Calendar year
1974
Country
1972
1971
Europe:
Austria....................
Belgium-Luxembourg...........
1973
Other Eastern Europe.........
*
-1
*
*
*
*
<
*
*
4
26
-149
55
-1
*
•4
79
-15
4
*
*
Total Europe................
-68
67
150
-11
95
*
*
242
Canada, T...r.. ...............
Latin America:
Argent ina...................
3
377
_
*
•*
*
Portugal....................
Switzerland.................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
V
Brazil.....................
Chile......................
Cuba.......................
_
*
Panama.....................
Peru.......................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
India......... ............
Israel.....................
Japan......................
Africa:
Egypt......................
Total Africa................
Other countries:
Australia...................
All other...................
*
*
*
*
_
*
*«•
*
1
*
1
1
*
_
*
-1
<
*
-
*
-20
-*
1,662
July
June
4
2
*
-6
5
*
-1
5
*
*
*
41
-4
*
79
5
*
2
*
—
*
-1
-5
*
*
-4
24
131
129
*
*
*
*
*
*
_
*
_
_
_
5
-
*
*
_
*
_
3
2
*
1
_
_
*
-
*
7
60
*
-
_
_
*
*■
-1,054
_
_
*
-
*
_
_
_
_
*
*
2,663
-
-
-
171
2
_
_
_
Oct. p
Nov. p
2
_
2
•*
_
*
2
_
*
_
-4
_
26
_
_
_
-
*
-1
_
-5
*
_
*
*
*
_
26
*
_
13
_
*
29
34
1
4
-
-
*
_
_
_
*
*
_
*
_
Sept.
.
2
5
*
*
1
*
*
2
3
-
*
*
1
*
-1
*
~
*
-1
13
5
*
14
2
17
1
-4
-4
*
*
2
*
-10
1
*
20
5
-95
-50
*
*
_
_
*
_
_
-
-
.
_
Aug.
*
»
-
_
_
*
*
_
_
*
*
58
2
-
_
-
Other Asia..................
*
1974
through
Nov. p
1
*
*
-
-
_
_
_
_
*
_
_
*
*
*
*
_
_
10
2
*
*
11
8
8
-1
-1
_
-
*
-
*
*
-
*
*
*
_
-
-
-
-7a
-3
14
_
_
-
_
*
-
*
_
*
*
-
-
_
_
*
-1
*
_
1,642
2,664
173
-1,054
-
*
*
*
*
*
*
*
-
-
_
-
_
*
_
*
*
38
38
_
_
_
_
_
*
*
_
-
-
-
*
*
_
_
_
_
-
*
*
*
_
*
*
j
-
-
-
-1
_
_
_
_
_
_
_
125
125
_
_
25
25
*
*
470
_
_
-35
-35
_
I
j
1
*
*
-5
-7
Total foreign countries........
1,542
25
25
3,258
International..................
Latin American regional........
Asian regional.................
124
6
*
60
-3
-
-185
20
i
i
112
19
-116
19
-
Total international and regional
130
57
-165
!
131
Grand total......................
1,672
3,316
305
-610
*
-5
-6
_
_
_
_
_
_ ■
_
-
*
_
*
*
_
-
*
*
*
*
-
*
-84
-33
38
76
-6
15
50
-4
-79
-3
48
-16
42
15
-
-
-
-
-97
9
47
to
Total other countries........
*
*
_
’
32
57
-101
23
-37
70
132
'
International and regional:
1
CM
1/ Through December 31, 1972, Bermuda included with Bahamas,
p
Preliminary.
* Less than $500,000.
_
-116
!
_
Treasury Bulletin
112
CAPITAL MOVEMENTS___________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and B rokers in the United States
T able CM-V-4. - Estim ated Foreign H oldin gs o f Marketable Treasury B on ds and N otes by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1971
1972
1973
June
July
Aug.
Sept.
Oct. p
Nov. p
EuroDe:
Belgium-Luxembourg...........
Denmark....................
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,ITtIItI,__ T.........
Latin America:
Argentina...................
Bahamas l/..................
Brazil.....................
Chile......................
Colombia....................
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
*
6
*
1
2
3
*
*
1
*
*
1
6
60
323
71
5
480
181
*•
6
-*
1
2
3
**
1
*
-*
1
85
45
327
71
_
5
423
71
_
5
424
71
_
5
547
558
789
582
*
4
_
_
*
*
*
4
_
■*
-X_
*
*
*
4
*
*
*
_
*
*
_
*
1
2
■*
*
1
2
*
7
*
1
_
_
*
1,717
*
_
*
9
1,727
_
_
-*
7
*
1
2
3
*
*
1
5
*
1
235
34
-
*■
7
*
1
2
9
*
*
2
5
*
1
260
34
*
9
5
1
2
9
*
*2
5
*
1
260
35
-
-
*
9
5
1
3
9
*
*
2
5
*
1
260
34
-
-*
10
1
1
*
9
*
*
4
5
*
1
250
34
*
459
819
426
71
_
5
832
439
76
_
5
849
849
851
756
706
*
4
*
*
*
_
*
*
*
4
*
*
*
_
*
*
*
4
_
4
3
2
1
-*
4
*
*
*
_
*
*
_
_
4
3
5
1
_
4
3
5
1
_
4
3
5
1
7
14
16
17
17
-x_
1
_
*
_
1
_
*
_
1
_
*_
1
_
_
*
3,498
2
-*
*
8
1
_
_
*•
3,497
2
_
_
_
_
_
*
10
3
1
1
9
*
*
6
5
1
250
30
485
-
76
_
5
854
*
*
_
*
*
_
4
3
15
3
28
76
*10
3
1
*
9
*
*
6
5
*
1
276
30
-*
498
_
76
_
5
5
883
707
917
*
4
*
*
*
*
4
*
*■
*■
*
*
_
*
*
4
3
23
3
36
4
3
60
3
711
_
74
*
8
*
_
1
_
_
*
3,497
2
*
*
8
*3,498
2
*
*
8
_
_
_
*
4,380
*
*
*
9
4,391
*
4,552
2
*
*
8
*
3,498
2
*
*
8
*
_
1
_
_
*
3,497
2
*
*
8
4,563
3,510
3,509
3,509
3,509
3,509
3,509
_
_
*
_
157
*
_
*
_
157
*
_
*
_
158
*
*
*
*
8
_
_
*
_
133
*
*
152
*
*
152
*
*
152
■x*
152
8
133
158
157
158
152
152
152
152
25
25
25
25
25
25
25
Total foreign countries........
2,404
25
2?.
5,661
25
Total other countries........
■*
*
Total Africa................
Other countries:
Australia...................
All other...................
International and regional:
International...............
Latin America regional........
Asian regional..............
Total international and regional
Grand total..................
_
_
*
_
126
30
156
2,558
*
1
-
6,131
186
28
*
1
48
*
214
49
6,179
5,874
*
_
Note: Data represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one
year. Data are based on a benchmark survey as of January 31, 1971 and
the monthly transactions reports.
25
5,376
57
60 .
*
117
5,493
...
.2?
5,390
25
5,306
25
5,273
25
5,311
51
75
*
102
71
*
23
68
*
126
5,516
173
5,479
91
5,364
71
52
*
123
5,434
1/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary,
5,387
112
67
*
179
5,566
January 1975
113
CAPITAL MOVEMENTS
Sections V - T ran sactions in Long-Term S ecu rities by Foreigners
R eported by Banks and Brokers in the U nited States
Table CM-V-5. - N et Foreign Transactions in Lon g-T erm Dom estic Bonds,
O ther than Treasury B onds and N otes, by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States')
Calendar year
1974
Country
Europe:
Austria....................
Belgium-Luxembourg...........
1971
1972
-1
7
2
2
15
35
*
5
-1
13
*
1
6
216
*
327
*
2
1
6
30
5
1
336
77
-1
48
74
31
*
4
2
135
*
367
Mr
188
1
631
37
1,303
82
1
21
*
*
*
-2
1
*
1
1
*
-3
*
19
1973
1974
through
Nov. p
June
July
Aug.
*
-2
1
*
-1
2
-x-2
72
2
1
*
1
2
36
-11
100
*
2
1
X
1
*
*
-1
1
*
*
*
*
-1
29
-12
*
Sept.
Oct. p
Nov. p
630
*
-2
1
*
5
3
*
-1
116
*
*
*
1
15
*
64
-K5
185
21
*
*
1
*
1
1
-1
-1
*
*
1
2
54
“
-3
55
49
55
1
1
2
4
*
2
*■
*
10
1
*
-2
-1
*
*
■x*
1
6
-5
13
18
1
25
*
*
1
-2
3
*
*
*
*
-7
*
22
■*
18
1
*
*
_
-1
*
*
*
1
8
16
2
1
*
-1
-2
*
4
1
*
1
2
*
16
1
*
*
*
*
1
*
*
*
2
-1
*
1
*
*
*
_
*
-1
*
*
1
*
5
*
26
*
*
*
_
_
*
*
*
*
*
5
*
5
*
*
*
_
*
_
*
-1
*
1
*
3
*
44
*
*
*
*
*
*
1
*
*
*
1
*
4
4
2
5
1
*
3
*
*
*
6
*
-1
*
-11
-2
*
4
*
*
*
313
*
X
6
*
8
*
*
-1
580
*
*
*
*
588
-1
3
*
*
1
-247
*
*
*
607
1
*
-4
*
*
*
-3
*
1
*
*
*
6
7
*
*
*
-2
*
*
200
199
_
-1
*
*
_
1
-15
_
_
_
*
*
*■
”
-15
*
*
*
*
*
*
_
100
100
*
*
_
2
*
*
*
_
*
*
*
_
*
_
*
_
*
_
_
_
_
-
2
*
*
*
_
*
*
_
_
*
Total Africa................
*
*
*
*
*
- 1
Other countries:
Australia...................
All other...................
-21
*
10
*
10
*
-
10
*
10
*
-
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,,,,,,T,,__ ,.T....
Latin America:
Argentina...................
Bahamas 1/..................
Brazil.....................
Chile......................
Colombia....................
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand...................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
-2
-15
5
*
95
33
*
-14
188
3
1
2
3
83
*
295
-47
_
-X-
4
11
6
1
201
-33
*
56
-19
46
*
3
28
333
-1
275
317
*
1,230
323
364
Total other countries........
-21
*
*
*
10
10
Total foreign countries........
665
1,733
1,922
1,084
39
*
39
145
•X
3
148
52
*
52
703
1,881
1,975
*
11
*
*
*
1
-3 .
*
*
*
2
*
*
-2
*
300
299
_
_
*
*
*
*
*
*
■*
*
*
*
*
46
136
287
79
79
-163
*
-163
214
124
123
*
226
-36
-36
114
56
-128
-.
-128
242
-5
190
176
*
187
*
-4
*
*
4
-1
*
-2
2
*
_
*
*
-1
-20
*
-23
*
International and regional!
International...............
European regional............
Latin American regional.......
Total international and regional
Note: Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
1/ Through December 31, 1972, Bermuda included with Bahamas.
I
1
'
191
*
56
'
|
'
16
207
1,292
p
*
Preliminary.
Less than $500,000.
16
130
Treasury Bulletin
114
______________________ CAPITAL MOVEMENTS_______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the U nited States
Table CM-V-6. - Net Foreign Transactions in Dom estic Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1974
Country
1971
1972
1974
through
Nov.p
1973
June
July
Aug.
Sept.
Oct. p
Nov. p
Europe:
Other Eastern Europe.........
CanadaT,.....................
Latin America:
Colombia....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
-1
49
-5
*
190
25
6
-3
310
-10
3
-3
-1
46
-2
-189
*
8
*
*
1,958
13
152
*
*
439
2
18
45
339
11
9
11
*
685
3
366
6
7
*
2,104
423
*
*
*
*-15
8
*
-3
33
-2
*
1
*
11
*
-18
*
1
16
-78
99
-20
13
-3
46
-1
-1
*
*
-6
5
-1
-1
-4
-7
13
-3
37
-1
5
*
*
-1
■5
-3
*
-1
-7
13
-35
-7
-32
*•
-17
*
*
*
*
6
19
-1
1
-2
-3
-35
31
-1
*
-55
*
■*
*
15
4
*
2
2
2
-14
3
-43
■*
*
50
-2
*
*
48
•*
2
-2
11
*
1
56
-2
*
4
159
*
4
*
34
256
*
-1
23
*
-1
4
495
-2
1
-1
60
*
-*
-23
-*
*
-3
-37
-1
1
*
15
*
*
-16
*
577
*
■*
*
*
1
*
*
*
-1
*
-1
-1
*
-5
*
2
-1
-4
-2
*
-2
*
-1
*
•*
-1
2,102
*
2,776
85
*
1
*
86
8
1
*
9
2,188
2,785
3
38
-1
-7
87
131
-1
32
219
2
5
6
-3
168
-2
-49
-1
*
1
4
51
6
1
372
-51
10
36
297
-1
23
6
-4
642
2
561
*
3
*
*
627
-93
108
*
9
-2
*
13
5
*
-2
39
-1
-1
1
-1
-9
*
-48
*
*
-
*
-12
*
*
19
18
*
1
16
*
*
•*
*
15
9
*
*
3
10
65
-1
14
' 6
*
-5
*
*
*
_
*
-1
*
*
-1
2
-6
3
-7
*
-11
*
*
*
_
1
-*
*
*
1
*
7
*
*
-3
*
*
*
_
1
-1
*
*
2
*
*
12
*
1
*
*
-*
_
1
-1
*
*
2
*
1
-1
-2
9
4
_
*
*
-3
*
_
-6
*
*
*
*
_
*
-3
*
*
*
-1
*
5
_
*
-5
*
*
*
-11
*
*
*
2
-47
1 “15
-14
-10
-9
*
-*
*
2
-7
_
.*
*
*
*
*
*
*
*
*
*
*
_
*
*
2
1
3
-1
*
*
311
13
•*
*
-4
-X-
1
-5
*
*
-9
17
1
-1
21
-*
1
*
-1
-6
*
-21
*
*
*
_
*
*
-2
-6
’
-1
6
*
*
17
-30
4
1
9
-1
2
-2
1
-39
•*
-55
*
1
*-*
*
3
-*
*
5
1
*
1
-2
-1
1
*
1
-35
*
-43
*
-1
*
-87
-70
3
-2
-*
1
•*
*
*
■*
2
*
*
■*
_
1
*
*
*
-1
*
-1
-7
-5
_
6
*
*
1
-1
*
-8
3
2
_
*
-1
*
*
•*
4
*
*
*
5
9
_
*
-4
*
*
-1
13
*
*
-4
5
Africa:
_
-9
*
_
*
*•
*
*
¥r
*
*
*
1
*
1
1
*
1
*•
-2
*
1
1
-2
•*
-1
6
-1
80
5
-83
-72
2
1
-1
-
-
-
-1
-
1
-1
-1
1
*
_
-
i 13
2
3
3
1
323
8
-1
79
4
-80
-71
_
-9
*
*
■*
*
*
*
Other countries:
Total other countries........
Total foreign countries........
International and regional:
International...............
European regional............
Asian regional..............
African regional.............
677
53
1
-
Total international and regional
54
Grand total...................
731
l/ Through December 31, 1972, Bermuda included with Bahamas,
p 'Preliminary.
* Less than $500,000.
_
■*
-
January 1975
115
____ _______________________ CAPITAL MnvffiMKMTg.
Section V - T ransactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the U nited States
Table CM-V-7. - Net Foreign Transactions in Long-T erm Foreign Bonds by Country
(In millions of dollars; negative figures indicate net erales by foreigners or a net outflow of capital from the United States)
1
Calendar year
1974
Country
1971
1972
1974
through
Nov. p
1973
June
July
Aug.
Sept.
Oct. p
*
-1
*
*
3
*
*
*
1
*
*
*
*
*
_
-15
_
•x_
-
*
-2
-x-2
*
*
-x*■
-29
*
*
*
2
-5
*
-5
*
-7
_
*
1
*
1
10
-1
2
-X•*
*
*•
-1
2
*
-13
*
-*
Nov. p
Europe:
1
-3
9
1
*
-15
*
10
11
2
•X4
-1
36
*
-19
-5
*
1
29
7
-12
35
-4
-2
32
18
6
2
9
3
55
*
3
3
*
*
*
5
11
-17
17
4
*
31
1
10
1
3
2
-24
-30
-1
*
•*
-7
5
-10
-7
-1
*
8
-26
2
1
*
-50
-8
■*
-104
*
-15
_
*
Total Europe................
32
Canada.......................
-395
185
-777
13
-721
-215
-1,356
Belgium-Luxembourg...........
Italy......................
Switzerland.................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
Other Eastern Europe.........
-1
1
*
-16
*
*
*
1
-X*
-3
-3
-15
-5
_
-
*
-2
*•
*-23
1
*
*
*
*
*
*
-1
-2
-6
*
_
-
-11
-121
-48
-41
-120
-33
-101
*
-9
*
*
*
*
-5
*
X*
_
2
*
1
*
*
*
*
*
-4
-2
_
-12
*
*
*
-257
1
*
1
*
1
_
*
*
_
_
-39
1
_
1
_
-19
2
_
_
_
*
_
-1 1
4
*-
_
*
-1
_
*
-28
2
_
*
*
*
-264
-38
-27
-17
-18
_
_
-
-
*
*
*
-10
2
-3
*
*■
1
1
■*
*
-2
-1
-_
-9
_
*
_
-21
-37
-248
*
-11
*
*
*
_
1
*
*
*
1
*
-x
*
*
-2
*
*
*
6
1
*
*
*
*
2
*
*
-7
*
-1
*
_
1
1
*
*
*
*
2
1
■X-14
*
1
-8
6
-3
-15
-7
Latin America:
-22
7
-1
5
2
*-12
-5
1
3
12
-2
7
-4
-8
8
-47
1
4
1
_
-90
1
2
2
8
-2
16
*
28
-98
-33
2
-19
*
-20
10
3
1
7
1
4
6
-97
-108
*
9
2
-6
-209
-6
-24
*
*
2
-232
*
13
1
-3
-215
31
-12
-50
*
15
-220
*
-4
4
2
-432
66
_
1
*
3
-360
_
*
_
3
*
_
*
_
*
*
-58
-55
-61
-60
5
6
3
2
2
*
■*
28
6
26
6
28
8
■X*
34
-624
32
36
13
7
21
-938
-1,134
-1,890
European regional.............
Latin American regional.......
Asian regional..............
-277
*
16
-50
-124
3
28
*
108
5
28
*
35
2
-1
-
_
Total international and regional
-311
-93
141
-935
-1,031
-993
Bahamas 1/ .................
Brazil.....................
Chi]e......................
Colombia,...................
Cuba.......................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
Total Africa................
Other countries:
Australia...................
All other....................
Total other countries........
Total foreign countries........
-
1
-105
1
1
1
*
20
■x3
*
4
-1
-7
4
-78
_
2
-x
1
-x*
*
*
1
_
_
*
*
_
_
-12
*
-
-
*
*
*
_
■X_
-31
1
*
_
*
-30
_
-2
•*
*
*
*
*
-1
*
*•
*
-22
-18
*
-x-39
_
-
-
-
*
*
1
1
_
*
*
*
2
1
1
*
*
3
1
1
1
*
3
-159
1
-156
3
-92
2
-27$
2
-80
_
1
*
12
*
2
*
3
*
-
*
1
*
-
36
3
-1,855
-197
3
1
-200
*
International and regional:
Grand total...................
l/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
3
*
_
-
-
-
-
-
1
2
12
2
3
-158
-155
-80
-276
-78
116
Treasury Bulletin
_____________________CAPITAL MOVEMENTS_______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
Europe:
Austria....................
Belgium-Luxembourg...........
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands.................
Norway.....................
Portugal...................
Spain......................
Sweden.....................
Switzerland..................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
Other Eastern Europe.........
Total Europe................
Canada.T,,,,,,,,,,,,,, TIII., IT T,, T
Latin America:
Argentina...................
Bahamas 1/..................
Brazil.....................
Chile......................
1971
1972
*
6
*
-2
-24
8
*
2
70
*
•x
-3
*
25
*
-75
*
*
*
2
23
*
*
-10
34
*
1
164
-2
1
-4
*
85
■x
26
•x
*
-
*
16
1
-x
-33
-11
*
1
73
*
-1
1
*
-12
-*
-188
*
*
-
6
320
120
142
-154
152
1973
■x
-5
■x
■x
-68
10
-*
1
31
*
*
3
*
-16
*
-291
*
-1
-337
*
-1
*
-9
2
*
*
1
*
-x
-6
-26
*
-
■x
-2
*
-10
1
-x
*
4
*
*
*
*
-2
-20
*
-
*
2
-6
1
*
*
1
*
*
*
-4
-18
-
•x
-1
*
-4
1
*
1
9
*
■x
*
*
-4
-X
6
*
-
-37
-30
-24
14
-2
-7
-5
7
*
-x
*
*
*
*
_
-X
*
■X
-1
-1
■x
1
_
_
*
_
1
-x
_
*
*
*
-1
*
*
1
*
•x
*
_
1
*
_
•x
*
*
*
-2
Oct. p
Nov. p
*
2
*
-9
1
*
■X
3
-X
*
*
•X
-4
-74
*
-1
-81
*
1
*
-1
2
*
*
3
*
*
*
-1
-2
*
*
4
-1
*
-1
*
*
_
*
■x
*
*
1
-1
*
-1
*
*
_
_
■X
*
*
*
*
■X
2
•X
-1
*
*
*
_
■X
4
*
*
■X
*
-2
X-
-1
-1
2
1
*
-1
*
*
3
477
_
-9
*
-2
■x
*
*
*
*
59
*
_
*
*
_
*
38
-
_
*
-X
•X
*
1
11
_
-X,
■X
*
_
_
*
*
_
•X
18
*
*
*
*
50
*
*
-*
131
50
59
39
12
19
_
_
_
_
_
_
_
_
_
_
_
*
-2
_
-1
_
_
*
-2
*
*
-1
*
-1
*
*
-6
-125
*
-2
*
■x
*
3
*
*
-26
-52
*
-1
*
*
*
19
*
*
-7
188
*
-2
-x
-5
Total Asia..................
Africa:
Egypt......................
Morocco....................
South Africa................
Zaire......................
Other Africa................
-134
-76
193
*
*
-2
*
*
Total Africa................
-2
*
*
-1
*
-5
-6
469
-
_
_
■x
-6
_
*
~
-
*
-1
132
*
-
_
-2
*
-1
-1
*
-3
-7
*
2
*
-3
406
1
*
1
2
-1
-1
■x
-*
*
X-
177
151
90
12
29
-3
*
Sept.
-2
-38
-49
Aug.
10
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)...
Hong Kong...................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand....................
Other Asia..................
Total other countries........
July
-12
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay....................
Venezuela...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total foreign countries........
June
-1
3
-1
*
*
_
2
-5
-1
*
1
*
-8
-2
9
-1
-1
*
*
_
-1
0
*
*
-1
18
-1
*
28
-2
-2
1974
through
Nov. p
*
-3
*
*
*
4
4
■*
*
■*
*
1
4
1
-9
-4
*
*
_
-6
1
*
*
*
-2
-18
*
Other countries:
Australia...................
All other...................
1974
_
_
*
*
-X
*
_
*
*
*
-1
_
2
*
*
*
-1
2
■X
■X
44
*
-x
1
•X
.
-63
1
22
International and regional:
International...............
European regional............
Asian regional..............
Total international and regional
1
1
3
1
-2
•x
*
*
*
3
-2
Grand total...................
-49
409
176
1/ Through December 31, 1972, Bermuda included with Bahamas,
p
Preliminary.
*
Less than $500,000.
-
_
_
-
*
-
-
-
-
-
151
90
12
29
44
-63
-
-
22
117
January 1975
___________________ CAPITAL MOVEMENTS_______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
T able CM-V-9. - Foreign Purchases and Sales o f Long-Term Securities,
by T ype and Country, During N ovem ber 1974 P re lim in a ry
(in millions of dollars)
Gross sales by foreigners
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Total
purchases
Marketable
Treasury
Corporate and
other
Bonds
notes
Bonds
Stocks
Foreign securities
Domestic securities
Total
sales
Stocks
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Bonds
04XOC
- aS
u
Europe:
1
34
1
*
76
42
2
11
33
2
2
3
28
165
*
345
*
19
_
*
Belgium-Luxembourg.............
Switzerland...................
Yugoslavia....................
Other Western Europe...........
Other Eastern Europe...........
765
207
*
4
*
*
13
1
2
3
**
1
13
187
-*
-
1
23
1
*
51
37
2
8
23
2
1
2
2
138
*
63
•*
2
*
■*
5
*
■*
4
2
-*
1
3
1
-x*
*
5
23
*
-
225
66
355
4
83
_
_
■*
*
1
8
*
*
1
-
*
-*
*
*
26
*
42
17
86
*
2
•*
7
2
*
1
4
*
*
*
8
29
*
-
1
35
1
10
71
44
2
13
29
3
*3
4
202
-*
407
*
20
-
*
1
5
*
*
-*
*
*
29
17
-
*
8
*
*
9
3
*
4
2
*
*•
1
13
207
*
-
45
28
54
26
844
203
52
*
-*
*
*
1
-*
■*
■*
*
_
*
1
21
*
1
*
_
6
11
-*
*
3
1
41
33
118
_
*
-
*
i
5
■*
10
2
5
1
2
*
*
*
2
6
33
*
-
248
1
21
1
*
46
35
2
7
25
3
*
2
1
173
*
107
*
2
426
56
84
35
54
27
*
*
_
1
*
*
14
*
1
1
8
*
*
*
6
*
1
5
*
-*
*
_
2
2
*
*
3
1
18
31
*
_
1
-*
*
*
*
_
*
■*
1
2
17
63
18
5
_
*
*
•*
3
_
_
*
J
■*
8
*
*
1
24
*
1
*
8
_
*
_
27
21
_
_
_
*
1
_
-*
5
_
*
*
*
41
49
7
66
-
9
1
■*
1
1
■*
*
10
31
*
-
Latin America:
1
8
*
1
1
_
7
12
*
*
2
1
79
24
138
Venezuela................
.Other Latin American Republics....
Netherlands Antilles and Surinam..
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
_
*
5
*
_
6
65
*
*
■*
306
Korea........................
Philippines...................
Thailand.....................
Total other countries..........
International and regional:
International.................
European regional..............
Latin American regional........
Asian regional................
African regional..............
Total international and regional..
Grand total....................
*
Less than $500,000.
;
2
6
_
*
*
*
8
*
_
_
_
_
*
_
_
17
_
_
3
2
*
•*
2
1
17
23
58
1
*
*
*
■*
-*
*
*
*
4
_
3
6
-
_
*
*
5
3
-
-
_
*
*
*
*
_
_
_
¥:
15
15
_
_
*
*
_
*
*
9
25
*
-x*
_
1
1
_
_
-*
*
_
12
_
*
-*
*•
10
*
*
_
_
_
-
*
_
*
*
*
■*
*
*
_
_
_
-
_
10
_
•*
12
11
-
-*
*
-
10
1
*
1
*
1
*
1
*
1
1
1
*
*
1
*
*
*
*
143
610
544
2
88
*
*
1
*•
-
*
*
124
1,276
67
323
616
168
102
372
_
_
_
*
*
_
_
2
_
_
_
_
_
1
12
_
_
*
*
3
*
-
4
1,508
-
246
_
15
_
_
209
*
_
_
_
-
1
■*
_
_
4
*
_
_
_
-
_
_
_
475
260
209
2
1,984
403
819
546
5
92
-
124
578
*
_
_
_
578
1,854
_
_
-*
-
■*
*
_
3
*
*
*
9
*
*
29
53
*
1
*
9
100
_
*
_
-*
460
1
15
_
_
_.
_
_
_
1
*
_
*
23
_
•*
*
1
-
_
*
_
Total foreign countries..........
■*
_
_
_
_
*
53
53
1
*
*
4
*
_
1
37
*
*•
*
5
47
*
-*
12
Other countries:
Australia....................
All other....................
_
*
*•
_
*
1
_
*
_
300
302
383
Africa:
Egypt........................
_
_
_
_
204
_
_
_
_
204
271
_
372
*
2
695
616
170
_
_
_
_
102
Treasury Bulletin
118
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
R eported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales o f Long-Term Securities,
by Type and Country, During Calendar Year 1973
(in millions of dollars)
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Europe:
Austria......................
'Belgium-Luxembourg........... .
Denmark.................... .
Finland.....................
France............ -..........
Germany.....................
Greece..................... .
Italy...................... .
Netherlands..................
Norway..................... .
Portugal....................
Spain.......................
Sweden..................... .
Switzerland............ ......
Turkey..................... .
United Kingdom...............
Yugoslavia.................. .
Other Western Europe......... .
U.S.S.R......................
Other Eastern Europe..........
Total Europe.................
Canada........................
Latin America:
Argentina................... .
Brazil......................
Chile...................... .
Colombia....................
Cuba........................
Mexico......................
Panama......................
Peru........................
Uruguay.....................
Venezuela...................
Other Latin American Republics...
Bahamas and -Bermuda ..........
Netherlands Antilles and Surinam,
Other Latin America...........
Marketable
Total
Treasury
purchases bonds and
notes
38
820
33
6
1
250
139
1
143
26
2,543
12
26
1,174
825
10
290
520
29
8
48
44
3,344
4
3,835
■*
37
1
49
172
*
87
45
1,012
54
1
25
28
41
-*
17
18
1
1
3
*
115
12
588
9
173
424
25
6
38
25
2,833
3
1,436
*
20
291
7,083
587
1,174
1,075
601
449
10,866
354
654
2,940
11
30
4
15
40
1
24
*
123
93
4
4
41
11
2
2
1
3
*
45
74
37
2
1
2
10
3
-*
51
94
3
1
31
19
19
22
303
363
260
62
50
Total Africa................ .
71
50
Other countries:
Australia................... .
All other................... .
53
10
2
249
5
13
2
1,627
2
2
7
1
139
999
2
91
250
26
318
213
972
1
190
1
1
877
-*
3
1
123
1,214
14
264
*
4
18
284
1
,536
11
3
2
3
34
279
12
32
1
1
3
*
99
*
319
2
61
3
*
1
3
603
502
6
13
1
22
20
2
10
21
396
393
209
245
353
182
124
6
15
15
24
9
166
61
1,365
974
274
73
10
4
34
3
203
1
3
167
1
15
16
2
2
471
14
23
310
506
362
2,444
1,552
2
39
80
16
499
509
,563
44
1,456
2
400
2
2
7
■*
9
2
146
82
555
30
96
1
10
2
24
1
*
85
24
*
18
16
7
38
1,310
943
131
2
2
4,864** 12,665
11
459
6
228
10
2,249
2
4
31
16
18
74
4,063
11
*
41
13
4
1
11
3
2
6
1.693
14
*
52
13
1
13
105
1
18
459
1,273
51
24,511r
2
3
99
9,187
1,630
Total international and regional,
218
636
233
4,543
Grand total................... .
* Less than $500,OOo.
r -Revised.
1
1,451
589
27
40
3,533r
533
29
109
118
5
1,628
6
58
1
12
21
59
13
9
45
45
*
48
19
320
Total Asia.................. .
Africa:
Egypt...................... .
Morocco.................... .
South Africa................ .
Zaire...................... .
Other Africa................ .
International and regional:
International............... .
European regional.............
Latin American regional....... .
Asian regional...............
African regional............. .
31
611
Stocks
12
47
■*
7
47
617r
42
7
4
5
63
22,818r
Stocks
1,812
1,296
Total other countries........ .
Total
sales
360
150
3
Total Latin America...........
Asia:
China, People’s Republic of
(China Mainland)............
China, Republic of (Taiwan)....
Hong Kong....................
India.......................
Indonesia....................
Israel......................
Japan...................... .
Korea...................... .
Philippines................. .
Thailand.................... .
Other Asia.................. .
Total foreign countries........ .
Stocks
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
763
36
15
49
25
3,517
6
1,802
7
27
100
14,303r
Bonds
7
11
360
Bonds
110
1,799
787
29
423
914
17
66
224
4,315r
6
4,355
7
Corporate and
other
Gross sales by foreigners
Domestic securities
__ 4
3,373
1,457
15
*
30
47
25
25
411
14
382
2
2
2
63
637
12
14
1
15
18,606
1,779
130
5
1,646
*
644
28
10
10
1,729
2,942
9,889
1
489
2,738
97
164
5,807r 12,762
1,474
943
1,729
1.658
654
891
20,264
2,433
3,832
_2J_
9,978
1,554
January 1975
119
CAPITAL MOVEMENTS
Section VI - Foreign Credit and Debit B alances in Brokerage Accounts
Table CM-VI-1. - Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
I
1973
1974
------------------ f--
Country
1969
1970
1971
1972
*
1
21
*
*
47
22
*
|
Europe:
A u s t r ia .............................................................
Belgium-Luxembourg..................................
Denmark.............................................................
F inland.............................................................
France...............................................................
Germany............................................................
G reece...............................................................
I t a l y .................................................................
N etherlan ds...................................................
Norway...............................................................
P o rtu gal..........................................................
Sp ain.................................................................
Sweden...............................................................
S w itzerla n d ...................................................
Turkey...............................................................
United Kingdom............................................
Y u g o sla v ia .....................................................
Other Western Europe.............................
U .S .S .R ............................................................
Other Eastern Europe.............................
3
1
153
*
61
*
1
*
*
1
17
1
*
26
17
1
16
14
1
-X
6
1
100
*
40
*
1
*
T o ta l Europe.................................................
294
243
193
281
52
36
56
34
Canada......................
2
19
*
*
18
14
■x
8
12
1
*
14
*
*
19
15
*
10
10
1
*
4
1
73
*
I
1
!
Dec.
1
9
*
X30
22
■X
*
10
-X
*
Mar.
June
*
-1 1 ,
-x
*
29
23
1
13
8
1
*
7
1
92
*
57
*
1
13
7
1
*
1
1
76
*
35
*
1
X
24
10
2
-x
5
1
90
*
57
■x
1
*
43
*
1
_
*
S e p t.
25
22
*
36
6
1
*
8
1
101
*•
60
*
1
Sept.p
•X
12
■X
*
22
20
•X
30
5
1
■X
8
•X
*
11
*
■X
22
18
*
15
4
1
*
6
-X
103
*
50
■X
1
*
84
*
40
*
1
*
*
*
198
242
274
254
204
31
28
29
24
20
1
10
*
•x
■x
*
2
3
*
-x
1
15
-x
•X
*
■*
L a tin America:
Argentina....................
Bahamas 1 / .....................................................
B r a z i l ...............................................................
C h ile .................................................................
Colombia..........................................................
Cuba....................................................................
M exico...............................................................
Panama...............................................................
Peru....................................................................
Uruguay.............................................................
Venezuela........................................................
Other L a tin American R e p u b lic s ...
Netherlands A n t il l e s and Surinam.
Other La tin America................................
1
34
*
*
*
*
1
15
*
*
*
x-
1
19
1
*
-X
*
3
9
■x
*
*
*
3
3
1
1
5
1
14
*
3
3
-x
1
5
1
11
*
4
2
*
1
2
3
10
■x
3
3
*
1
3
1
12
x
T o ta l La tin America................................
64
40
43
36
A s ia :
China, P e o p le 's Republic o f
(China M ainland)....................................
China, Republic o f (Taiw an)............
Hong Kong........................................................
In d ia .................................................................
Ind onesia................................* .....................
i
19
*
X-X
•X
i
1
3
3
X
X
2
1
13
7
!
39
'
!
i
i
3
1
15
7
5
4
*
1
3
1
20
5
42
56
1
1
4
•*
•X
•X
•X
3
*
*
1
-X
4
3
•X
•X
3
3
*
*
2
1
30
8
3
1
30
8
i
51
------------------!
55
*
*
*
*
13
X*
1
1
*
1
■X
13
*
*
1
1
*
*
*
14
-X
*
■x
*
16
*
*
*
*
*
1
2
*
9
*
-x
1
1
*
1
*
5
4
3
4
4
21
27
17
20
20
19
23
*
*
*
*
*
*
*
■x
*
*
*
*
■X
*
-X
*
*
*
*
1
*
*
*
*
*
1
1
*
*
*
1
1
■X
•X
*
1
■X
■X
T o ta l A f r i c a .................................................
1
2
1
1
1
1
1
1
Other co u n trie s:
A u s t r a lia ........................................................
A l l o th e r ........................................................
1
1
■x
1
x-
1
*
-X
-X
*
*
•X
*
*
*
1
*
1
■X
*
1
1
384
354
298
Japan.................................................................
Korea.................................................................
P h ilip p in e s ...................................................
T h aila nd..........................................................
Other A s ia .....................................................
T o ta l A s ia .....................................................
A fr ic a :
Egypt.................................................................
Morocco............................................................
South A f r i c a .................................................
Z a ir e .................................................................
Other A f r i c a .................................................
*
19
*
*
*
1
*
3
*
7
*
X-
*
12
■x
*
1
4
*
1
*
*
*
10
*
*
*
*
*
T o ta l other c o u n tr ie s ...........................
1
1
1
T o ta l fo r e ig n c o u n tr ie s ......................
349
_
311
In te rn a tio n a l and r e g io n a l....................
434
-
Grand t o t a l ............................. ...........................
434
349
311
-
Note* Data represent the money credit balances (due to foreigners), as
appearing on the books of reporting brokers and dealers in trfe United
States, in accounts of foreigners with them, and in their accounts
1
372
-
372
I
i
!
1
1
290
333
333
i
290
1
2
-*
*
*
,
5
- ,
,
384
Mr
13
■X
*
1
1
Mr
,Mr
M
4
20
Mr
*
3
21
■X
*
1
*
*
1
-
*
354
298
carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
120
-
Treasury Bulletin
____________________________________________ C A P IT A L M O V E M E N T S __________________________________________________
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-2. - Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period In millions of dollars)
j
Calendar year
1974
1973
T'
■
*
Country
Europe:
Austria.....................
Belgium-Luxembourg...........
Denmark....................
Finland.....................
France................. .
Germany.....................
Greece......................
Italy......................
Netherlands.................
Norway.....................
Portugal
.................
Spain....... ...............
Sweden.............. ......
Switzerland.................
Turkey.....................
United Kingdom..............
Yugoslavia..................
Other Western Europe.........
U.S.S.R.....................
Other Eastern Europe.........
Total Europe................
1969
1970
1971
1972
Sept.
Dec.
Mar.
June
■*
5
1
#
12
14
*
9
12
1
*
2
1
50
*
37
*
1
_
-
*
9
*
*
16
20
1
12
8
1
*
3
1
38
*
44
*
1
*
*
*■
6
X
*
18
23
1
9
12
*
*
5
1
42
*
37
*
1
_
*
*•
11
*
*
21
31
1
15
17
1
1
6
1
57
*
53
■*
19
_
-
#
5
*
*
17
22
1
7
10
1
1
2
1
32
*
34
*
1
-
*
4
*
16
22
1
7
8
#
#
5
1
35
*
29
1
6
*
16
19
1
10
6
*
*
5
1
31
*
30
-
-
1
_
-
1
_
-
*
5
*
*
14
17
1
7
9
*
#
5
1
27
*
69
*
1
_
_
155
155
235
134
129
127
156
100
22
30
21
14
14
2
5
1
*
1
6
5
*
*
4
1
9
7
1
4
1
*
1
6
5
*
*
4
1
6
...§
34
1
3
1
*
*
_
6
6
■*
*
4
1
4.
2
1
2
*
*
*
*
6
6
*
*
4
1
1
3
1
3
1
*
*
_
5
4
*
*
4
1
9
1
27
27
146
Canada.......................
61
49
54
39
Latin America:
Argentina...................
Bahamas l/..................
Brazil.....................
Chile......................
Colombia....................
Cuba.......................
Mexico.....................
Panama.....................
Peru.......................
Uruguay.....................
Venezuela.................................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..................
Total Latin America..................
3
24
*
1
*
*
3
4
*
1
3
1
6
*
2
21
1
*
*
*
3
4
*
*
4
1
5
*
1
21
*
*
*
*
5
4
*
*
4
1
14
*
3
15
1
*
l
*
10
6
*
*
6
2
12
*
45
41
52
Asia:
China,. People's Republic of
(China Mainland).....................
China, Republic of (Taiwan)......
Hong Kong.................................
India......................
Indonesia...................
Israel.....................
Japan......................
Korea......................
Philippines.................
Thailand....................
Other Asia..................
Total Asia..................
-
-
-
*
12
*
*
1
¥r
*
2
2
7
*
23
*
*
2
1
*
1
*
6
24
35
*
40
*
*
3
4
*
1
*
4
53
Africa:
Egypt......................
Morocco.....................
South Africa................
Zaire......................
Other Africa....... ’.........
Total Africa...............
*
*
1
*
*
Other countries:
Australia.................. .
All other...................
Total other countries........
Total foreign countries......
International and regional......
Grand total........ ........
*
*
*
*
*
1
*
*
¥r
*
1
1
1
*
*
*
*
*
1
1
1
S
281
314
-
-
-
278
281
314
Note:
Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in the
United States, in accounts of foreigners with them, and in
1
!
1
!
40
55
i
i
-
-
*
59
*
*
3
5
*
*
1
5
*
43
*
*
l
8
*
*
*
6
58
!
73
*
1
*
1
2
1
278
!
!
1
*
1
!
|
1
i
*
*
1
1
!
'
I1
*
1
1
1
i
1
255
405
-
1/
p
*
4
*
*
14
15
1
5
7
*
*
3
1
25
*
24
_
1
_
_
,
,
31
*
25
*
*
1
4
*
*
*
5
36
*
37
*
*
1
1
*
*
*
7
*
•32
*
*
1
1
*
*
*
6
47
41
24
*
*
1
1
*
*
*
5
32
*
-*
1
*
1
*
*
1
■*
1
*
2
*
*
1
*
1
2
3
1
1
*
*
*
*
*
1
*
1
*
1
224
241
179
*
-
*
1
231
- T
.
405
H
Sept. p
231
-
1
-
Ij
255
241
224
their accounts carried by foreigners.
Through December 31, 1972, Bermuda included with Bahamas.
Preliminary.
* Less than $500,000.
-
*
179
121
January 1975
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section II - Federal Credit Programs
GA-II-1 - Direct Sales and Repurchases of Loans
(In millions of dollars)
Housing and Urban Development Departmen
Export-Import
Bank of the
United States
Total
Farmers Home
Administration
Fiscal year
or month
Sales
196
196
196
196
196
197
197
197
197
197
5
6
7
8
9
0
1
2
3
4
936
v' 6
954
1,070
1,337
2,115
2,54B
3,045
6,257
3,903
1973-Nov. •••
Dec....
1974-Ja____n
Feb__
Mar....
Apr....
Miay....
June...
234
767
308
80
265
252
71
157
July...
Aug-Sept...
Oct. 2/.
Nov....
Fiscal 1975
-La flat?..,,,
1/
2/
Repur
chases
92
213
428
842
305
781
330
1,141
180
45
Sales
124
63
153
91
379
406
269
248
145
21
Repur
chases
Sales
2/
Repur
chases
261
4
187
20
3
157
391
729
974
959
1,668
2,005
2,430
3,324
2,172
50
174
405
569
287
574
284
1,105
1
1
7
502
176
42
Government
National Mortgage
Association_____
Repur
chases
Sales
264
6
69
45
62
122
159
71
5
4
4 .
1
1
*
2
1
6
208
68
48
580
602
598
735
744
63
150
175
155
90
1
1
1
1
1
579
584
597
735
744
65
43'
59
118
155
69
61
147
174
152
86
3,259
633
3,239
620
Includes college housing, elderly housing, and public facility loans.
Sales by fiscal years 1965-1966 are on basis of actual figures shown
in the Budget document and include initial sales of loans from credit
Office of Secretary
Small Business
Administration
y
Sales
33
1-1
Repur
chases
Sales
31
120
2
30
2,300
1,501
227
191
302
2
234
2
2
108
Veterans
Administration
Repur
chases
2
15
Sales
327
105
71
2
*
38
244
368
488
■209
74
*
73
21
41
16
16
Repur
chases
41
24
17
12
12
19
25
30
3
2
3
2
2
4
3
2
2
3
2
3
3
13
2/
*
insurance funds. The monthly figures are on basis of agency reports.
Figures as of September 1974, latest available for EX-IM Bank.
Less than $500,000.
Treasury Bulletin
122
.C U M U L A T IV E T A B L E OF C O N T E N T S ,
February 1974 th rou gh Jan u ary 1975
Issues and page numbers
1974
Sections
1975
Feb.
Mar.
Apr.
May
June
VI
V
VI
V
V
V
VI
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
9
10
9
10
9
10
9
10
9
10
11
13
11
11
13
11
11
July
Aug.
Sept.
Oct.
Nov.
V
V
1
2
4
5
6
7
1
3
5
6
7
8
9
10
9
10
10
11
11
13
11
Dec.
Jan.
V
V
V
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
10
11
10
11
10
11
Article:
Federal fiscal operations:
Chart - budget receipts by source...................
Undistributed intrabudgetary transactions............
Budget outlays by function.........................
Investment transactions of Government accounts in
Trust fund transactions...........................
Loan disbursements and repayments, net lending, and
loan balances of Federal credit programs...........
Selected accrual data reported by Federal agencies....
Detail of excise tax receipts......................
Accountability of the Account of the U.S. Treasury on
an accounting basis................. •........
Summary of internal revenue collections by State,
13
13
•••
*12
*12
...
13
...
...
15
Federal obligations...............................
15
17
15
13
16
14
14
13
15
15
13
14
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury.........
Analysis of changes in tax and loan account balance...
Summary of cash transactions through the Account of
18
19
20
21
18
19
14
15
22
23
15
16
17
18
16
17
18
19
18
19
16
17
17
18
20
20
22
22
20
20
16
16
24
24
17
17
19
19
18
18
20
20
20
20
18
18
19
19
Monetary statistics:
Money in circulation..............................
21
23
21
17
25
18
20
19
21
21
19
20
Federal debt:
Summary of Federal debt........................... !
Computed interest charge and computed interest rate
22
24
22
18
26
19
21
20
22
22
20
21
22
23
24
25
22
23
18
19
26
27
19
20
21
22
20
21
22
23
22
23
20
21
21
22
23
24
25
26
23
24
19
20
27
28
20
21
22
23
21
22
23
24
23
24
21
22
22
23
25
26
27
28
27
28
29
3°
25
26
27
28
21
22
23
24
29
30
31
32
22
23
24
25
24
25
26
27
23
24
25
26
j
|
I
25
26
27
28
25
26
27
28
23
24
25
26
24
25
26
27
29
31
29
25
33
26
28
27
i
29
29
27
28
30
31
30
31
28
29
29
30
33
Gold assets and liabilities of the Treasury........
Interest-bearing public debt!......................
Maturity distribution and average length of market
able interest-bearing public debt.................
Interest-bearing securities issued by Government
agencies...................................... i
Participation certificates.........................
Debt subject to statutory limitation................
i
Treasury holdings of securities issued by Government
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
!
Offerings of Treasury bills........................
New money financing through regular weekly Treasury
bills.........................................
Offerings-of public marketable securities other than
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations...
Allotments by investor classes on subscription for
Disposition of public marketable securities other
than regular weekly Treasury bills................
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.........
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
United States savings bonds:
Sale and redemption by series, cumulative............
Sale and redemption by periods, all series
1
Sales and redemption by periods, Series E through K...
Redemptions of matured and unmatured savings bonds....
Sales and redemptions by denominations, Series E and
Sales by States, Series E and H combined.............
30
31
32
33
30
31
26
27
34
35
27
28
29
30
28
29
i
34
36
34
30
38
31
33
32
34
34
32
38
39
38
34
42
35
37
36
38
39
34
35
42
44
42
38
46
39
41
40
42
43
37
38
44
47
45
41
49
42
44
43
45
46
40
41
47
50
48
44
52
45
47
46
48
49
42
43
52
55
53
49
57
50
52
51
53
54
45
46
59
63
61
57
66
59
61
61
63
64
52
53
62
66
64
60
69
62
64
64
66
67
54
55
62
63
65
66
67
69
64
65
67
60
61
63
69
70
72
62
63
65
64
65
67
64
65
67
66
67
69
67
68
70
54
55
57
55
56
58
66
...
*70
...
64
...
...
68
...
*68
58
...
January 1975
123
_ C U M U L A T IV E T A B L E OF C O N T E N T S ^ ,
February 1974 through Jan u ary 1975—C ontinued
Issues and page numbers
1974
1975
Sections
Feb.
Mar.
Apr.
May
June
67
71
68
65
73
66
72
73
69
70
66
67
74
71
68
74
75
76
67
68
Treasury survey of ownership.........................
68
69
70
Treasury survey-commercial bank ownership.............
78
Market quotations on Treasury securities:
End-of-month closing quotations....................
Chart - yields of Treasury securities...............
84
86
82
84
79
81
76
78
Average yields of long-term bonds:
Average yields of long-term Treasury, corporate and
municipal bonds.................................
Chart - average yields of long-term Treasury,
corporate and municiapl bonds.....................
87
85
82
88
86
United States savings notes:
Sales and redemptions by periods...................
Ownership of Federal securities:
Distribution by classes of investors and types of
issues........................................
Estimated ownership by private investors.............
Exchange Stabilization Fund:
Balance sheet....................................
Income and expense......... ......................
Na+ional bank reports:
Income, expenses, and dividends for calendar year 1971
International financial statistics:
U.S. reserve assets...............................
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners................................
U.S. liquid and other liabilities to official
institutions of foreign countries by area...........
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries........
U.S. position in the International Monetary Fund......
U.S. net monetary gold transactions with foreign
countries and international and regional organi
zations........................................
Weighted-Average of Exchange Rate Changes for the Dollar.
Capital movements
Liabilities to foreigners reported by banks in the
United States................................... j
Claims on foreigners reported by banks in the United
States......................................... '
Liabilities to foreigners reported by nonbanking
concerns in the United States..................... ;
Claims on foreigners reported by nonbanking concerns
in the United States.............................
Transactions in long-term securities by foreigners re
ported by banks and brokers in the United States.....
Foreign credit and debit balances in brokerage accounts.
...
Sept.
Oct.
Nov.
Dec.
Jan.
69
69
70
71
59
59
70
71
71
72
72
73
60
61
72
73
74
62
60
61
62
80
82
82
84
70
72
70
72
Aug.
69
70
71
72
...
80
84
86
77
79
86
88
79
81
79
87
80
89
82
83
85
73
73
83
80
88
81
90
83
84
86
74
74
84
85
...
••
85
86
...
75
76
•••
.. .
82
83
•
.. .
89
.. .
7
...
.. .
...
89
87
86
81
90
84
91
84
87
87
75
77
90
88
87
82
91
85
92
85
88
88
76
78
91
89
88
83
92
86
93
86
89
89
77
79
92
93
90
91
89
90
84
85
93
94
87
88
94
95
87
88
90
91
90
91
78
79
80
81
94
92
91
86
95
96
89
90
96
97
89
90
92
93
92
93
80
81
82
83
96
84
86
!
97
95
94
89
99
93
100
93
96 '
105
103
102
97
107
101
108
101
104
104
92
94
HI
109
108
103
113
107
114
107
110
no'
98
100
115
113
112
107
117
111
118
111
114
114
102
104
121
130
119
128
118
127
113
122
123
132
117
126
124
133
117
126
120 ,
129
120
129
108
117
110
119
119
121
Foreign currencies acquired by the U.S. Government
without payment of dollars:
Foreign currency transactions, summary and country uses.
Foreign currency transactions, U.S.uses and trust funds.
Financial operations of Government agencies and funds:
Government corporations and other business-type
activities:
Statements of financial condition..................
Statements of income and retained earnings.........
Federal credit programs:
Direct sales and repurchases of loans.............
Direct and guaranteed loans outstanding............
Trust funds:
Civil Service Retirement and Disability Fund.......
Federal Old-age and Survivors Insurance Trust Fund._
Federal 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.............. 1
Investments of specified trust accounts............
July
130
131
132
133
...
1
i
.
•.
133
159
160
167
168
169
170
171
172
173
174
175
130
133
• •*
164
165
...
1.25
151
152
153
154
155
156
157
158
159
160
...
134
135
128
...
135
136
137
138
139
140
140
141
143
144
128
...
131 •
132 1
134
i
135
136
137
138
139
139
140
142
143
...
...
.. .
...
...
...
4
-----* * *, -
@FedFRASER