Full text of Treasury Bulletin : January 1978
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Treasury Bulletin
January 1978
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
January 1978
I
CONTENTS
Article
Page
- Treasury Financing Operations.................................. ............ .. VI
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations............................................... .. 1
FFO-2.
- Budget Receipts by Source.................................................. .. 3
Chart
- Budget Receipts by Source.................................................. .. 5
FFO-3.
- Budget Outlays by Agency................................................... .. 6
FFO-4.
- Undistributed Offsetting Receipts........................................... .. 7
FFO-5.
- Budget Outlays by Function................................................. .. 8
FFO-6 .
- Investment Transactions of Government Accounts in Federal Securities (Net)....... .. 10
FFO-7.
- Trust Funds Transactions................................................... .. 11
FFO-8.
- Selected Accrual Data Reported by Federal Agencies............................ .. 12
FFO-9.
- Detail of Excise Tax Receipts................................................. 13
FEDERAL OBLIGATIONS
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class
16
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and
Major Object Class....................................................... .. 16
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency..
FO-4.
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months..........*.................................................... ..18
17
ACCOUNT OF THE U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury....... *.......................... ..19
UST-2.
- Analysis of Changes in Tax and Loan Account Balances......................... ..20
UST-3.
- Gold Assets and Liabilities of the Treasury.................................. ..21
MONETARY STATISTICS
M3-1.
- Currency and Coin in Circulation............................................ ..22
FEDERAL DEBT
FD-1.
- Summary of Federal Debt......................... ....................... .... 23
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
FD-3.
FD-4.
- Interest-Bearing Public Debt............................................... ..24
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 24
FD-5.
- Government Account Series.............................. .................... ..25
FD-6 .
- Interest-Bearing Securities Issued by Government Agencies...................... ..26
FD-7.
- Participation Certificates................................................. ..27
FD-8 .
- Debt Subject to Statutory Limitation........................................ ..28
FD-9.
- Status and Application of Statutory Limitation..................................29
FD-10.
- Treasury Holdings of Securities............................................. ..30
FD-11.
-Description of Securities of Government Corporations and Other Business-Type
Activities Held by the Treasury............................................ .. 32
23
PUBLIC DEBT OPERATIONS
PD0-1.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities...........36
PD0-2.
- Offerings of Bills......................... ,.............................. .37
MX)-3.
- New Money Financing through Regular Weekly Treasury Bills...................... .40
II
Treasury Bulletin
CONTENTS
Page
- 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 ..................................................
44
PDO-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 I s s u e d at a P r e m i u m o r D i s c o u n t .......................
49
PDO-6 .
- Allotments b y Investor Classes o n Subscriptions for Public Market a b l e Securities...
53
P D O-4.
P DO-7.
- D i s p o s i t i o n 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 ................................................
58
PDO-8 .
- F o r e i g n S e r i e s S e c u r i t i e s ......................................................................
62
P D O-9.
- F o r e i g n C u r r e n c y S e r i e s S e c u r i t i e s ...........................................................
69
U N I T E D
SB-1.
S T A T E S
S A V I N G S
B O N D S
- S a l e s a n d R e d e m p t i o n s b y S e r i e s , C u m u l a t i v e ................................................
72
SB-2.
- S a l e s a n d R e d e m p t i o n s b y P e r i o d s , A l l S e r i e s C o m b i n e d ....................................
72
SB-3.
- S a l e s a n d R e d e m p t i o n s b y Pe r i o d s , S e r i e s E t h r o u g h K .....................................
73
SB-4.
- R e d e m p t i o n s o f Miatured a n d U n m a t u r e d S a v i n g s B o n d s .......................................
75
U N I T E D
SN-1.
S T A T E S
S A V I N G S
N O T E S
- S a l e s a n d R e d e m p t i o n s b y P e r i o d s .......... ............................... ...................
O W N E R S H I P
O F
F E D E R A L
76
S E C U R I T I E S
OF S - 1 .
- D i s t r i b u t i o n o f F e d e r a l S e c u r i t i e s ...........................................................
77
O F S- 2 .
- E s t i m a t e d O w n e r s h i p o f P u b l i c D e b t S e c u r i t i e s .............................................
78
T R E A S U R Y
S U R V E Y
O F
O W N E R S H I P
TSO-1.
- S u m m a r y o f F e d e r a l S e c u r i t i e s .................................................................
79
TS'0-2.
- Interest-Bearing M a rketable Public Debt Securities b y Type and Maturity* Distribution
80
TSO-3.
- I n t e r e s t - B e a r i n g M a r k e t a b l e P u b l i c D e b t S e c u r i t i e s b y I s s u e ............................
80
TSO-4.
- S e c u r i t i e s I s s u e d b y G o v e r n m e n t A g e n c i e s ....................... . . . , .......................
82
TSO-5.
- S e c u r i t i e s I s s u e d b y G o v e r n m e n t - S p o n s o r e d A g e n c i e s a n d D . C .............................
82
M A R K E T
Q U O T A T I O N S
O N
T R E A S U R Y
S E C U R I T I E S
MQ-1.
- T r e a s u r y B i l l s ................................................................ ...................
83
MQ-2.
- T r e a s u r y N o t e s .......................... ....................................................
83
MQ-3.
- T r e a s u r y B o n d s ...................................................................................
84
Chart
- Y i e l d s o f T r e a s u r y S e c u r i t i e s .................................................................
85
A V E R A G E
Y I E L D S
O F
L O N G - T E R M
B O N D S
AY-1.
- A v er a g e Yiel ds of L o n g - T e r m T reasury, Corporate,
a n d M a n i c i p a l B o n d s .................
86
Chart
- Average Yields of L o ng-Term Treasury, Corporate,
a n d M u n i c i p a l B o n d s .................
87
E X C H A N G E
S T A B I L I Z A T I O N
F U N D
ESF-1.
- B a l a n c e S h e e t ................................................................................... .
88
ESF-2.
- I n c o m e a n d E x p e n s e ..............................................................................
89
I N T E R N A T I O N A L
F I N A N C I A L
S T A T I S T I C S
IFS-1.
- U.S. R e s e r v e A s s e t s .............................................................................
90
IFS-2.
- U.S. L i q u i d a n d N o n l i q u i d L i a b i l i t i e s t o F o r e i g n O f f i c i a l I n s t i t u t i o n s , a n d L i q u i d
L i a b i l i t i e s t o A l l O t h e r F o r e i g n e r s ........................................................
91
IFS-3.
- U.S. L i q u i d a n d N o n l i q u i d L i a b i l i t i e s t o 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 ,
b y A r e a ...........................................................................................
92
IFS-4.
- N o n m a r k e t a b l e U.S. T r e a s u r y B o n d s a n d N o t e s ................. ......................... .
93
IFS-5.
- U.S.
P o s i t i o n i n t h e I n t e r n a t i o n a l M o n e t a r y F u n d ..........................................
94
IFS-6 .
- W e i g h t e d - A v e r a g e o f E x c h a n g e R a t e C h a n g e s f o r t h e D o l l a r ................................
95
January 1978
®
CONTENTS
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-I-1.
- Short-Term Liabilities by Type of Foreign Holder.............................
98
CM-I-2.
- Short-Term Liabilities by Type of Liability.................................
99
CM-I-3.
- Short-Term Liabilities by Country..........................................
-1-01
CM-I-4.
- Short-Term Liabilities, by Type and Country.................................
CM-I-5.
- Short-Term Liabilities, Not Regularly Reported Separately......................
CM-I-6.
- Long-Term Liabilities by Type..............................................
CM-I-7.
- Long-Term Liabilities by Country...........................................
CM-II-1.
- Short-Term Claims by Type.................................................
CM-II-2.
- Short-Term Claims by Country...............................................
CM-II-3.
- Short-Term Claims, by Type and Country......................................
CM-II-4.
- Long-Term Claims by Type..................................................
CM-II-5.
- Long-Term Claims by Country.................................. .............
CM-II-6.
- Long-Term Claims, by Type and Country.......................................
CM-III-1.
- Liabilities by Type.......................................................
112
113
114
115
103
CLAIMS ON FOREIGNERS REPORTED BY BANKS
10&
^*0
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-2.
- Short-Term Liabilities by Country..........................................
CM-III-3.
- Short-Term Liabilities, by Type and Country.................................
CM-III-4.
- Long-Term Liabilities, by Country..........................................
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1.
- Claims by Type...........................................................
116
CM-IV-2.
CM-IV-3.
- Short-Term Claims by Country...... ................ .......................
- Short-Term Claims, by Type and Country......................................
117
CM-IV-4.
CM-IV-5.
CM-IV-6.
CM-IV-7.
118
119
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country......
119
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country 120
- Long-Term Claims by Country............ ............. ...................... 121
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type.........
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities..................
122
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities...................
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country...
CM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country.
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic Bonds.........................
122
123
124
125
CM-V-6.
- Net Foreign Transactions in Domestic Stocks by Country........................
126
CM-V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country.................
127
CM-V-8 .
- Net Foreign Transactions in Foreign Stocks by Country.........................
128
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date...............
129
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year...............
130
Treasury Bulletin
IV
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
FCP-I-1.
- Nonbanking Firms’ Positions..............................................
132
FCP-I-2.
- Weekly Bank Positions...................................................
132
FCP-I-3.
- Monthly Bank Positions..................................................
BELGIM FRANC POSITIONS
132
FCP-II-1.
- Noribanking Firms1 Positions..............................................
133
FCP-II-2.
- Weekly Bank Positions......... 1..........................................
133
FCP-II-3.
- Consolidated Monthly Bank Positions.......................................
134
CANADIAN DOLLAR POSITIONS
FCP-III-1.
-Nonbanking Firms* Positions............... ..............................
135
FCP-III-2.
- Weekly Bank Positions...................................................
135
FCP-III-3.
- Consolidated Monthly Bank Positions............ ..........................
136
FCP-IV-1.
- Nonbanking Firms* Positions..............................................
137
FCP-IV-2.
- Weekly Bank Positions...................................................
137
FCP-IV-3.
- Consolidated Monthly Bank Positions......... ..............................
13&
FRENCH FRANC POSITIONS
GERMAN MARK POSITIONS
FCP-V-1.
- Nonbanking Firms’ Positions..............................................
139
FCP-V-2.
- Weekly Bank Positions...................................................
139
FCP-V-3.
- Consolidated Monthly Bank Positions............................... ........
140
ITALIAN LIRA POSITIONS
FCP-VI-1.
- Nonbanking Firms' Positions.......................... ...................
141
FCP-VI-2.
- Weekly Bank Positions...................................................
141
JAPANESE TEN POSITIONS
FCP-VII-1.
- Nonbanking Firms’ Positions..............................................
142
FCP-VII-2.
- Weekly Bank Positions...................................................
142
FCP-VII-3.
- Consolidated Monthly Bank Positions.......................................
143
SWISS FRANC POSITIONS
FCP-VTII-1.
- Nonbanking Firms’ Positions..............................................
144
FCP-VTII-2.
- Weekly Bank Positions...................................................
144
FCP-VIII-3.
- Consolidated Monthly Bank Positions.......................................
145
STERLING POSITIONS
FCP-IX-1.
- Nonbanking Firms’ Positions..............................................
146
FCP-IX-2.
- Weekly Bank Positions...................................................
146
FCP-IX-3.
- Consolidated Monthly Bank Positions.......................................
147
UNITED STATES DOLLAR POSITIONS ABROAD
FCP-X-1.
- Nonbanking Firms’ Foreign Subsidaries’ Positions........ ............ .......
14#
FCP-X-2.
- Weekly Bank Foreign Office Positions......................................
14#
FCP-X-3.
- Monthly Bank Foreign Office Positions......................................
149
V
January 1978
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
F E D E R A L C R E D IT PR O G R A M S
GA-II-1.
- Direct Sales and Repurchases of Loans....................................
151
Cumulative Table of Contents..........................................................
152
Note:
Details of figures may not add to totals because of rounding.
Treasury Bulletin
VI
Treasury Financing Operations
Auction of 2-Year Notes
it would
Tenders were received at Federal Reserve banks and bran
auction $3,000 million of 2-year notes to refund $2,428 mil
ches and at the Bureau of the Public Debt, Washington, D. C.
lion of notes held by the public maturing December 31, 1977,
Bearer bonds, with interest coupons attached, and bonds re
and to raise $572 million of new cash.
gistered as to principal and interest were authorized to be
On December 13
the Treasury
announced that
The notes offered were
Treasury Notes of Series X-1979, to be dated January 3, 1978,
issued
due December 31, 1979, with interest payable semiannually on
and $1,000,000.
June 30 and December 31 in each year until maturity.
rate of 7-1/8$ was set after the
in denominations of $1,000, $5,,000, $10,000, $100,000
A coupon
determination as to which
tenders were accepted on a yield basis, the average of which
translated into an average accepted price close to 100.000.
52-Week Bills
On December 1 tenders were invited for
approximately
$3,505 million of 364-day Treasury bills to be dated December
Tenders for the notes were received until 1:30 p.m.,EST,
13, 1977, and to mature December 12, 1978. Tenders were opened
December 21, and totaled $4,213 million, of which $3,000 mil
on December 7.
lion was accepted at yields ranging from 7.16%, price 99.936
million was accepted, including $66 million of noncompetitive
up to 7,23$, price99.808.
They totaled $5,826 million, of which $3,510
Noncompetitive tenders for $1 mil
tenders from the public and $1,162 million of the bills issued
lion or less from any one bidder were accepted in full at the
at the average price to Federal Reserve banks for themselves
average yield of accepted tenders, 7.20$, price 99.863.
and as agents of foreign and international monetary authorities
These
totaled $457 million.
In addition, $888 million of tenders were accepted at the
in exchange for maturing securities.An additional $328 million
of the bills was issued to Federal Reserve banks as agents of
average price from Government accounts and Federal Reserve
banks for their own account in
exchange for securities ma
turing December 31, 1977, ($328 million) and from Federal Re
foreign and international monetary authorities for new cash.
The average bank discount rate was 6,545$. The issue was to
refund $3,505 million of bills maturing December 13.
serve banks as agents for foreign and international monetary
authorities for new cash ($560 million).
Tenders were received at Federal Reserve banks and bran
ches and at the Bureau of the Public Debt, Washington,
D. 0.
Bearer notes, with interest coupons attached, and notes
re
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in December to
taled $28.1 billion.
These issues were offered for cash and
gistered as to principal and interest were authorized to be
in exchange for bills maturing in the amount of $27 billion.
issued in denominations
There were two 13-week issues of $2.3 billion, two 13-week
of $5,000, $10,000, $100,000,
and
$1,000,000.
issues of $2.2 billion, and one 13-week'issue of $2.1 billion.
Auction of 15-Year 1-Month Bonds
On December 19
the Treasury
auction $1,500 million
new cash.
There were three 26-week issues of $3.4 billion and one 26announced that
it would
of 15-year 1-month bonds to raise
week issue each of
rates for the new
$3.3 billion and $3.5 billion.
Average
issues are shown in the following table.
The bonds offered were Treasury Bonds of 1993, to
be dated January 6, 1978, due February 15, 1993, with interest
payable semiannually on August 15 and February 15 in each year
until maturity.
A coupon rate of 7-7/8$ was set after the de
Date of issue
Annual average rate
(bank discount basis)
termination as to which tenders were accepted on a yield basis,
the average of which translated into an average accepted price
close to 100.000.
Tenders for the bonds were received until 1:30 p.m., EST,
1977
December 27, and totaled $2,966 million, of which $1,500 mil
December
lion was accepted at yields ranging from 7.92$, price 99.575
up to 7.96$, price99.228.
Noncompetitive tenders for $1 mil
lion or less from any one bidder were accepted in full at the
average yield of accepted tenders, 7.95$, price 99.315. These
totaled $78 million.
1
8
15
22
29
13-week
26-week
6.057
6.048
6.073
5.985
6.152
6.371
6.34#
6.371
6.338
6.460
V II
January 1978
Treasury Financing Operations—Continued
A deposit of 2 percent of the par amount of the bills applied
Treasury Bills (Other than Short-dated bills) - General
Treasury bills are. sold on a discount basis under com
for must accompany tenders for such bills from others, unless
petitive and noncompetitive bidding, and at maturity ,their
an express guaranty of payment by an incorporated bank or
par amount is payable without interest.
trust company accompanies the tenders.
Except for defini
tive bills in the $100,000 denomination, which are available
Noncompetitive tenders (without stated price), usually
only to investors who are able to show that they are required
for $500,000 or less from any one bidder, for each issue of
by law or regulation to hold securities in physical form, all
13-week, 26-week, and 52-week bills, are accepted in full at
series are issued entirely in book-entiy form in a minimum
the average price of accepted competitive bids for ao issue.
amount of $10,000 and in any higher $5,000 multiple, on the
records either of the Federal Reserve banks and branches, or
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other immediately avail
of the Department of the Treasury.
able funds or in a like par amount of Treasuiy
maturing on or> before that date.
Tenders are received at Federal Reserve
banks
branches and from individuals at the Bureau of the
Debt, Washington, Each tender must be for a
$10,000.
and
Public
minimum
of
Tenders over $10,000 must be in multiples of $5,000.
Payment for
sury tax and loan accounts.
Foreign Series and Foreign Currency Series
Foreign series
securities issued in December totaled
$1,039 million, consisting of 1 bill,
all tenders submitted for bills to be maintained on
4 notes.
bocfc-entry records of the Department of the Treasury.
A
cash adjustment will be made for the difference between the
par payment submitted and the actual issue price as deter
mined in the auction.
No deposit need accompany tenders from
13-week,
26-week, and 52-week bills may not be made by credit in Trea
Payment for the full par amount applied for mist accompany
the
securities
Redemptions
for the month
17 certificates
and
totaled $476 million.
At the end of December, foreign series securities outstanding
totaled $21,01# million.
(Details are shown on page 68
.)
There were no issues of foreign currency series securi
ties in December.
incorporated banks and trust companies and from responsible
equivalent of
Redemptions
$41 million.
for the
month
totaled an
At the end of December foreign
and recognized dealers in investment securities for bills to
currency series securities outstanding totaled an equivalent
be maintained on the book-entry records of Federal Reserve
of $1,169 million and were all denominated in Swiss francs.
banks 6nd branches, or for definitive bills, where authorized.
(Details are shown on page
Note:
71
.)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
January 1978
1
____ FEDERAL FISCAL OPERATIONS
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing— net transactions
1/ Budget receipts and-outlays
Borrowing from the public— Federal securities
Fiscal year
or month
Net
Net
receipts 2/ outlays 2 /
Surplus
or
Public
deficit (-) debt
1-2
securi
t ie s £ /
■Agency
securi
ties
Invest
ments of
Govern*ment ac
counts 2 /
(6)
(1)
(2)
(3)
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
T.O..........
1977.........
1978 (Est.) ,
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
184,548
1%,588
2i:,425
232 021
247,074
269,621
326,105
365,648
94,660
401*896
3,236
-2,845
-23,033
-23,372
-14,849
-4,689
-45,108
-66,451
-12,973
-45^035
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
64,139
-10,150
-1,739
-347
-1,269
216
903
-1,069
10
724
-1,380
401,372
459,847
-58,475
n.a.
n.a.
1976-Nov......
Dec......
<J5,t>94
29,471
33,077r
31,890
7,036
8,905
1977-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
29,954
24,182
24,817
39,832
27,549
43,075
24,952
29,676
36,642
24,127
27,596
32,617
30,735
34,292
35,363
33,592
32,881
33,630
34,720
35,097
38,790
36,864
-2,664
-6,554
-9,475
4,469
-6,043
10,194
-8,678
-5,044
1,545
-14,663
-9,269
-1,437
10,569
-30
-393
-305
-13
2
-51
-27
-32
-96
-417
-14
-8
-30
510
558
3,930
1,767
-2,460
3,114
3,629
-3,296
1,685
51,722
75,654
-23,931
9,132
-38
-1,611
Sept.....
Oct......
Fiscal 1978
to date........
-7,383r
-2,419
(5)
(4)
363
9,442
5,859
1,815
1,086
2,316
-561
11,310
13,666
8,522
10,062
7,417
8,420
11,822
14,813
7,031
4,341
-3,514
9,243
n.a.
Total
4+5-6
Within general
account of the
U.S. Treasury
6/7/
U.S.
Treasury
operating
cash
(7)
(8)
(9)
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,913
18,507
53,516
760
1,746
826
1,668
2,068
-3,380
-
60.1**
268
2,205
6,738
6,306
-3,099
3,157
9,118
5,351
1,206
-2,871
518
310
Other 10/
Transactions
not applied to
year1s surplus
or deficit 11/
Total budget
financing
7-8-9-10
-11-12+13+14
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
1977..........
1978 (Est.)....
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
2,004
n. a.
General ac
count of the
U.S. Treasury
6/2/
U.S.
Treasury
operating
cash
Footnotes on following page.
-434
338
135
1,368
-168
285
157
-186
137
12
24
-12
-66
-206
27
-88
56
89
1,200
145
-
-11,417
-2,216
“
-13,633
59
12,040
Federal securities
Public
debt
securities
Agency
securities
u /
Investments
of Govern
ment accounts
Held by the
public
18+19-20
(21)
8,652
11,670
12,688
14,603
9,028
17,767
6,991
16,255
644,639
653,543
653,907
663,348
669,207
671,023
672,109
674,425
-
673,864
685,174
698,840
697,403
707,972
146,831
149,037
145,937
146,247
146,758
147,316
151,246
153,013
150,553
153,666
157,295
153,999
155,684
509,451
515,757
10,154
7,063
19,104
7,687
5,471
11,643
11,250
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,311
10,298
10,290
10,260
“
5,471
707,972
10,260
155,68/
562,548
7,383r
2,419
2,664
6,554
9,475
-4,469
6,043
-10,194
8,678
5,044
-1,545
14,663
9,269
23,931
-1,215
322
770
-866
-53
665
-565
131
13
30
-20
8
6
-5
86
16
12
-14
6
41
18
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551,843
n.a.
-
238
-3,391
3,018
1,018
1,915
-5,575
8,739
-10,777
9,264
-6,101
-3,091
(20)
-
759
Fiscal 1978
to date......
-
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
n.a.
58,475
-1,678
-1,535
-1,634
622
-384
-
(19)
7,589
14,835
17,414
19,104
1,824
-3,940
2,159
2,237
-1,479
-
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
n.a.
7,544
9,291
10,117
11,785
13,854
10,473
_
-
July.....
Aug......
Sept.....
Oct......
-
_
(16)
(18)
10,407
-961
482
1,442
340
451
-7,393
-6,710
-2,436
-8,247
n.a.
-586r
-1,467
-2,890
-421
-876
536
-66
-221
-
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
n.a.
(17)
(15)
-3,236
2,845
23,033
23,372
14,849
4,689
45,108
66,451
12,973
45,035
-3,077
1,107
3,980
-950
-609
3,211
-2,287
-1,146
-
644
802
-908
-988
50
525
1,121
1,024
764
132
Selected balances, end of period
(14)
1976-Nov......
Dec......
1977-Jan......
Feb......
Mar......
Apr......
May......
June.....
(12)
808
-1,536
-208
1,079
-1,264
91
647
-172
-385
684
-
u
(13)
_
(11)
557
290
711
-8
245
123
-302
-59
-267
_
_
10,705
(10)
_
_
1,803
7,780
10,024
1,851
8,854
Gold
tranche
drawing
rights 2 /
Special
drawing
rights 8/ Other
_
_
-1,570
7,246
2,579
1,690
_
Means of financing— net transactions— Con.
Fiscal year
or month
Cash and monetary assets (Deduct)
-
-
-
_
_
-
-
518,914
528,033
533,383
534,590
531,719
532,237
534,039
541,819
551,843
553,694
562,548
Treasury Bulletin
2
.FEDERAL FISCAL OPERATIONS*
Footnotes to Table FFO-1.
Source: Ifonthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates for net receipts are based upon figures released
in testimony by the Office of Management and Budget before the U.S.
House of Representatives, Ways and Means Committee, on August 1, 1977,
and Treasury sources. Budget estimates for net outlays are based on
figures in the revised 1978 budget released on November 11, 1977, by
the Office of Management and Budget, and Treasury sources, and are
available in detail. Budget estimates for details of net receipts
and deficit, means of financing — net transactions, and selected
balances, end of period are not available.
1/ Budget receipts and outlays are revised to reflect Earned Income
Credit payments in excess of an individual's tax liability, formerly
treated as outlays, and now classified as income tax refunds.
g / For detail see Table FFO-2.
2 / For detail see Table FFO-3.
i j As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the 'budget presentation.
5/ For detail see Table FFO-6.
6/ Current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance date basis and
are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FF0-10 in the October 1974
Bulletin.
2/ As of July 1974, balances shown under "Within general accounts of the
U.S. Treasury" are now presented in columns 9, 11, and 13.
8/ Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
2/ Represents activity of the International Monetary Fund.
10/ Includes: public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
11/ Includes: Seigniorage: increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassification
of Commodity Credit Corporation certificates of interest; fiscal 1974
conversion of interest receipts of Government accounts to an accrual
basis; and net outlays of off-budget Federal agencies. Also includes
rural electrification and telephone revolving fund since May 12, 1973,
Postal Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fund since August
22, 1974, and Pension "Benefit Guaranty Corporation since September
17, 1974.
12/ For detail see Table FD-6.
r Revised, n.a. Not available.
** In billions of dollars.
3
January 1978
__ FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source
Fiscal year
or month
____________ (In millions of dollars)___________
Income taxes
Individual
Net
budget
receipts 1/
1971................
1976................
1978 (Est.)...........
1976-Nov.............
Dec.............
1977-Jan.............
Feb.............
Mar.............
Apr.............
May.............
July............
Aug.............
Sept............
Oct.............
Nov.............
Fiscal 1978
to date............
Other
Gross
Refunds 1/
Net
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
401,372
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
144,857
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
10,191
13,240
14,522
14,143
21,866
23,952
34,013
28,175
1,044
30,194
87,249
90,412
86,230
94,737
103,246
118,952
122,386
130,795
38,715
156^725
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
186,161
35,955
42,894
179,222
67,645
25,694
29,471
12,201
12,179
11,980
11,405
12,972
11,804
12,999
12,178
375
678
6,141
1,154
2,719
14,581
2,092
6,272
45
195
36
4,190
9,913
7,909
5,801
501
Withheld 2/
60^057
29,954
24,182
24,817
39,832
27,549
43,075
24,952
29,676
36,642
24,127
27,596
12,429
11,777
12,770
12,916
923
660
5,903
711
430
726
364
352
206
174
12,531r
12,662
18,085
8,370
5,777
18,476
9,289
17,949
12,438
12,725
17,327
13,275
13,171
51,722
25,685
1,141
380
26,447
12,240
Corporation
1,185
7,838
2,007
1,311
9,131
8,461
1,465
14,758
3,545
Net
income
taxes
Net
Refunds
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,248
5,164
6,000
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,§92
113,015
126,903
139,398
157,571
163,007
172,204
61,645
240,867
486
699
7,633
123,927
123,241
1,694
948
8,719
7,974
1,096
14,379
13,230r
20,295
19,780
9,318
14,497
26,449
10,386
32,328
466
1,538
809
8,376
1,445
920
13,976
13,534
25,703
14,721
14,092
1,179
2,366
28,812
205
313
363
412
488
369
379
430
479
394
714
1,968
1,288
8,770
2,159
1,386
Social insurance taxes and contributions
Unemployment insurance
Bnplqyment taxes and contributions
Fiscal year
or month
1970................
1972................
1976................
1978 (Est.)...........
1976-Nov............
Dec............
1977-Jan............
Feb............
Mar............
Apr............
May............
June...........
Jtlly...........
Aug............
Sept...........
Oct............
Nov............
Fiscal 1978
Footnotes at end of xable.
Old-age, disability, and
hospital insurance
Gross
Refunds
Net
Gross
Refunds
Net
Net
employment
taxes
contributions
33,956
38,600
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,701
605
386
518
447
479
535
360
408
-
*
*
*
1
1
*
*
*
*
*
*
34,236
39,133
41,699
46,120
54,876
65,892
75,204
79,909
21,803
92,210
502
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1*909
1,855
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,908
103,109
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,302
102,607
1,855
104,462
287
158
18
290
162
18
296
170
1
*
*
-
*
*
*
*
287
158
18
290
162
18
296
170
34
313
139
52
304
_*•
*
*
*
*
34
313
139
52
304
7,775
5,826
6,511
9,357
6,858
8,999
10,160
7,044
6,725
10,347
7,299
5,542
8,750
356
*
356
14,292
7,488
5,668
400
6,492
9,067
6,696
8,981
9,864
7,274
6,690
10,034
7,160
5,490
8,446
400
-
7,488
5,668
6,492
9,067
6,696
8,981
9,864
6,874
6,690
10,034
7,160
5,490
8,446
13,935
“
13,935
_
_
-
Railroad retirement accounts
Net
unemployment
insurance
Gross
Refunds
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
11,347
14,202
7
6
8
13
19
26
33
32
6
36
56
3,328
3,464
3,674
4,357
6,051
6,837
6,771
8,054
2,698
11,312
1,206
-26
1
1
1,205
-26
348
998
127
1,307
3,588
232
347
997
126
1,296
3,582
228
808
2,158
96
543
1,217
1
*
1
12
6
5
8
-3
2
1
1
1,760
2
1,758
14,146
800
2,161
94
541
1,216
4
Treasury Bulletin
iTF.nw.RAT. FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Source—Continued
(In millions of dollars)
Social insurance taxes and contributions - Continued
Fiscal year
or month
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
1977...........
Miscellaneous
Net contributions for other
insurance and retirement
federal
Federal
supple
employees Other
mentary
medical
retirement retirement
insurance
1,426
903
24
936
1,735
29
1,916
37
1,253
2,058
1,340
39
1,427
2,146
41
2,302
1,704
45
1,901
52
2,513
2,760
1,937
54
706
539
1?
2,192
2,910
59
Gross
Total
Net
social
insurance
taxes and
contri
butions
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,162
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,683
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
9,796
96
167
133
1,056
158
141
150
141
44
148
Excise taxes
Airport and airway trust fund
'
Refunds
Net
Gross
Refunds
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
2,520
9,648
564
650
760
842
964
940
277
1,193
_
_
2
1
2
2
1
2
1
2
_
_
563
649
758
840
962
938
277
1,191
Net
1978 (Est.)......
2,192
2,958
56
5,206
123,814
10,602
149
10,453
1,273
2
1,271
1976-Nov........
Dec........
1977-Jan........
Feb........
Mar........
Apr........
May........
June.......
181
181
178
180
180
178
184
182
267
219
280
225
3
7
831
943
780
748
712
877
811
888
28
-3
12
10
15
12
14
14
July.......
Aug........
Sept.......
Oct........
Nov........
Fiscal 1978
to date.......
189
195
192
204
192
243
248
238
259
242
4
7
4
3
5
7,961
12,958
7,828
6,550
10,404
897
674
832
847
922
13
12
11
12
11
884
663
821
835
911
111
94
97
87
94
91
94
103
108
111
110
100
101
1
-
227
273
238
9,432
6,207
7,320
10,764
7,413
10,703
14,203
7,696
803
946
4
4
6
4
4
5
451
407
462
410
428
409
461
424
437
450
434
466
438
*
*
*
*
*
_
1
_
_
1
111
94
97
87
93
91
94
103
108
111
no
100
100
395
501
8
904
16,954
1,769
24
1,745
201
1
200
242
Excise taxes ■
- Continued
Estate and gift taxes
76$
738
697
866
797
874
Customs duties
Net miscellaneous receipts
Highway trust fund
Fiscal year
or month
Deposits of
earnings by
Federal
Reserve
banks
Gross
Refunds
Net
Net
excise
taxes
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1977...........
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,844
224
32
123
313
153
123
152
1
135
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,709
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17.548
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
7,425
39
36
49
54
59
66
77
91
31
98
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
7,323;
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
5,287
68
64
66
107
120
110
106
134
31
137
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
5,150
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
5,908
1978 (Est.)......
7,005
148
6,857
18,581
5,935
100
5,835
5,446
160
5,286
6,400
841
7,2a
1976-Nov........
Dec........
1977-Jan........
Feb........
Mar........
Apr........
May........
June........
July..........
Aug...... .
Sept.......
Oct....... .
Nov........
Fiscal 1978
to date.........
594
473
583
489
504
534
596
566
-9
-
1,517
1,513
1,447
1,294
1,283
1,392
1,485
1,530
1,567
1,523
1,589
1,529
1,615
578
506
570
502
404
12
8
504
1,890
625
376
501
437
505
547
454
14
9
9
14
9
12
446
439
395
356
475
407
436
516
459
555
507
416
469
392
412
381
347
13
12
13
10
11
393
427
504
446
543
494
406
459
503
501
478
524
460
460
490
526
450
513
513
462
535
50
42
513
1,897
636
389
509
446
511
555
461
7
4
9
7
11
13
9
9
6
8
7
11
7
43
44
74
58
58
54
48
59
62
50
52
553
542
521
568
534
517
548
581
498
572
575
512
587
J3,143
867
18
849
885
20
865
997
102
1,099
146
574
750
658
594
601
-3
603
473
583
470
492
436
594
554
574
749
658
594
604
1,195
-3
1,198
-
19
12
98
2
12
-
1
-
Gross
Refunds
Net
Gross
Refunds
Net
421
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates for net receipts are based upon figures released
in testimony by the Office of Management and Budget before the U.S.
House of Representatives, Ways and Means Committee on August 1, 1977,
and other Treasury sources. Estimates in detail are not available
and are based on the 1978 Budget Revisions of the U.S. Government,
released February 22, 1977.
1/ Budget receipts are revised to reflect Earned Income Credit payments
in excess of an individual's tax liability, formerly treated as out
410
420
466
All
other
Total
247 2,908
158 3,424
325 3,858
380 3,633
426 3,921
523 5,369
935 J{ 6,711
2,5761/ 8,028
112 1,613
628 6,536
lays, and now classified as income tax refunds.
2/ Includes individual income taxes designated for the Presidential
election campaign fund. Prior to February 1974, these taxes were
included in "Other".
2 / Include? $442,615 thousand in fees for licenses to import petroleum
and petroleum products.
U Included $1,670 million in fees for licenses to import petroleum and
petroleum products.
* Less than $500,000.
r Revised.
R E C E IP T S
B Y
January 1978
B U D G E T
S O U R C E
Fiscal Years 1969 -1978
1969
1971
1973
1975
T.Q.
1978
1969
1971
1973
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government For actual amounts see preceding Table FFO-2.
_V Includes estate and gift taxes, customs duties, and miscellaneous receipts.
1975
T.Q.
1978
6
Treasury Bulletin
_FEDERAL FISCAL OPERATIONS_
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Fiscal year
or month
1969........................
1970........................
1971........................
1972........................
1973........................
1974........................
1975........................
1976........................
T.Q............
1977........................
1978 (Est.).....
1976-flbv...............
Dec......
1977-Jan...............
Feb......
Mar.......
May......
JUne......
Jttly......
Sept......
Oct......
Nov.......
Legis
lative
branch
277
340
384
487
540
625
726
779
22|
1,086
befense Department
Agricul Commerce
ture De Depart
partment ment
Civil
Military
The
judi
ciary
Executive
Office
of the
President
Funds ap
propriated
to the
President
109
128
142
173
183
205
284
325
85
392
31
36
47
55
49
75
93
79
16
73
81
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221
2,497
4,561
20,501
454
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
21,926
95,751
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
2,607
4,512
J 0
105,300
98r
77
60
101
70
87
98
81
82
55
116
88
91
39
26
61
25
35
46
29
27
40
31
31
1
45
6
6
6
5
9
6
6
9
6
4
5
9
4
-223
-574
-891
336
510
384
671
187
-185
667
1,123
219
429
1,875
1,165
1,372
1,286
1,705
1,825
1,102
1,316
965
1,674
1,471
1,773
2,840
197r
201
7,805r
8,305
145
135
167
186
262
285
258
300
346
273
329
179
46
13
648
4,613
606
Health,
Housing & Interior
Education, Urban De Depart
Energy
velopment
Department & Welfare
ment 2 /
Department Department
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
2,607
2,610
2,439
2,545
2,558
2,493
3,524
3,888
46,594
52,338
61,866
71,779
82,042
93,735
112,411
128,785
2,28$
5*223
2,425
8,290
Fiscal year
or month
1969........................
1970........................
1971........................
1972........................
1973........................
1974........................
1975........................
1976........................
T.Q............
1977........................
1978 (Est.).....
1976-Nov.......
Dec.......
1977-Jan...............
Feb.......
Mar...............
Apr............
May.......
June.............
July......
Oct.................
Nov...............
Piscal 1978
to date...............
Labor
Depart
ment
Transport
State
tation
Depart Depart
ment
ment
336
206
31
275
6,792
6,674
8,512
6,464
1,512
7,660
1,235~*
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102 '
41,900
48,300
58
80
129
HI
132
88
61
98
146
80
. 32
152
46
198
1,331
1,127
993
781
872
. 897
897
1,012
1,065
1,192
1,328
1,308
1,163
2,470
3,065
6,421
2,881
2,774
2,754
2,878
2,997
6,384
2,909
2,989
3,083
3,320
221
-165
1,785
115
-18
2,134
56
-353
2,021
124
v8
2,302
-262
6,403
2,040
437
448
468
568
591
730
844
1,061
316
1,132^
1,73*
1,931
2,010
2,038
2,313
1,831
1,890
1,755
1,766
1,950
1,57*
i,m
3,098
Interest
on the Other
public 2 / 6 /
debt &/
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,514
14,203
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
5,905
22,374
23,586
1*69?,
Treasury
Department
7,594
425
446
501
589
468
-276
—624
-92
3
-31
-
701
763
1,114
2,032
2,530
3,118
1,108
4,365
5,290
412
353
312
284
458
286
339
416
368
484
306
370
676
265
74
102
-181
-3
83
-201
103
70
-103
92
34
-140
111
Source: Monthly Treasury*Statement of Receipts and Outlays of the
United States Government. Budget estimates are based upon figures
•entained in the tevised 1978 Budget released on November 11, 1977
"by the Office of Management and Budget,' and Treasury sources.
Note: Outlays consist of disbursement less 'Proprietaryj’receipts from
the public and certain intrabudgetary transactions. Agency sh ifts are
shown in th is table beginning with the period M such shifts; figures
prior to the sh ifts have been adjusted.
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Bxblic Law 93-646. *Adjustments are made to
Include totals for the period i t was outside the Budget (August 17, 1971
through September 30, 1976). Also, adjustments are made £o reflect
certain Efcport-Import Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
tiagatlve outlays.
%/ Pursuant to Public Law 95-91, as of October 1, 1977, a ll f unctions of the
-29'
8,618
3,390
2,416
16,713
456
875
26,074
General Aero
Services nautics
tration
164,245
332
425
409
449
474
488
464
523
632
463
479
Protection ^minis
Agency
515
640
916
1,180
1,531
1,797
2,067
2,242
551
2,350
8,004
7,907
8,146
7,745
7,954
8,364
8,317
7,851
8,094
7,992
8,721
National
Environ
mental
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,085
n,9S4r.
11,968
11,918
12,136
12,458
12,318
12,311
12,434
12,387
12,961
12,944
12,774
13,300
Fiscal 1978
to date......
Jffl
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
1,397
5,832
218
171
182
116
111
159
198
198
222
240
272
226
230
and
Space
Veterans
Adminis
tration
Admin.
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,944
3,939
359
345
275
321
352
322
309
314
299
355
m
310
339
648
340r
421
Other
independ
ent
agencies
2/
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
18,019
4,734
7,089
8,715
9,878
11,832
13,988
18,433
19,003
5,851
19,811
19,174
24,255
1,723
1,459
1,640
1,574
1,611
1,683
1,649
1,218
M *6r
1,595
1,141
66
1,575
1,709
1,840
1*723
1,675
1,356
1,811
3,978
1,934
5,923
1,334
1,417
1,329
1,574
1,597
3,171
Justice
Depart
ment
398r
590 ,
517
409
583
510
530
575
568
561
480
582
689
1,271
269r
277
171
216
212
302
235
264
175
218
479
263
373
194
215
213
165
203
195
190
229
188
181
177
205
208
693
413
Undistributed Offsetting
Receipts 2/ 1/
Rents and
Royalties
on the Outer
Continental
Shelf lands
Total 6 /
Other
-2,428
-2,662
-1,311
-2,374
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
-1,255
-12,679
184,548
196,588
211,425
232,021
247,074
269,621
326,105
365,648
94,660
401,896
-2,700
-11,172
459,847
-120
-353
-61
-70
-82
-57
-104
-320
-539
-3,854
-399
-518
-377
—418
-505
-3,891
-356
-543
-914
-461
-542
-1,003
_
_
_
_
_
-983
—
44
-59
-63
*479
-542
33,077r
31,890
32,617
30,735
34,292
35,363
33,592
32,881
33,630
34,720
35,097
38,790
36,864
75,654
Energy Research and Development Administration, Federal Energy Adminis
tration, and Federal Power Commission, and certain functions of Interior
(Bonneville Power Administration and other povar administrations) certain
other departments, and the Interstate Commerce Commission were transferred
to the Energy Department.
^
2/ Cumulative year to date figures may not add due to budget eealignmeote.
2/ Prior to January 1975, Rents and Royalties on the Oiter Continental
jghoif lands were shown as proprietary receipts from the public for the
Interior Department. To conform with the FY 1976 Budget Document1s
presentation, these amounts were reclassified and are now being shown
as ^^distributed offsetting receipts.
ij Reported on an accrual basis.
5 / For content see Table FFO-4.
6 / Budget Outlays are revised to reflect Earned Income Credit payments in
"excess of an individual's tax lia b ility , formerly treated as outlays,
and now classified as income" tax refunds,
r Revised.
January 1978
7
FEDERAL FISCAL OPERATIONS
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Federal employer contributions to retirement funds
Health, Education,
and Welfare Dept.
Fiscal year
or month
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
Other
1/
Total
6
8
8
816
2,101
10
1977............
911
1,082
1,138
294
1,152
1,756
1,918
2,080
592
2,192
652
980
1,024
99
1,204
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,548
1978 (Est.)......
1,293
2,228
1,132
4,653
197b-Nov.........
87
92
60
38
99
99
96
102
106
100
98
101
87
91
92
205
178
156
170
195
179
220
A 167
184
193
186
208
172
124
54
49
49
49
65
58
51
558
51
63
352
308
378
323
340
330
375
332
340
346
831
350
328
183
380
114
677
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
Feb.........
Mar.........
May.........
June...... .
Aug.........
Sept........
Oct.........
Nov.........
Fiscal 1978
611
728
727
742
Interest credited to certain Government accounts
Health,,Education, and Welfare Department
Defense
Department
Civil Service
Commission
1,401
1,709
1,876
2,018
9
Soldiers' & Federal Old-Age
and Survivors
Airmen’s
Insurance
Home
Trust Fund
Permanent
Fund
1,009
3
1,346
3
1,617
3
1,718
3
1,848
3
2,039
4
2,296
7
6
2,346
80
1
6
2,275
6
2
_
-
2
-
1
—
1
-
Federal
Supplementary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
140
221
94
23
183
607
708
5
770
17
29
43
77
104
104
4
132
12
138
324
388
435
479
512
467
13
374
190
198
406
2,162
263
864
180
69
961
6
58
16
40
41
951
11
173
1
9
4
4
5
149
*
10
6
6
17
4
366
2
6
4
5
7
364
3
1
7
2
1
2
47
1
4
5
5
5
57
1
2
3
7
2
23
3
8
4
63'
27
41
87
128
Interest credited to certain Government accounts-Continued
Veterans Administration
Fiscal year
or month
Department
Unemployment
Trust Fund
Civil Service
Commission
Department
Highway
Trust Fund
Government
Life
Insurance
Fund
National
Service
Life
Insurance
Fund
Civil Service
Retirement and
Disability
Fund
Railroad
Retirement
Board
Other
2/
Total
Rents and
royalties
on the Outer
Continental
Shelf lands
Grand
total
2/
_
_
-
1977.............
517
601
637
496
487
650
639
283
55
232
53
115
184
206
247
415
586
587
13
593
32
31
31
32
31
31
31
31
*
32
225
245
271
292
309
338
368
398
8
433
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
2,841
191
215
251
258
262
257
274
246
16
230
8
20
14
12
23
40
130
162
3
213
3,099
3,936
4,765
3,089
5,452
6,574
7,690
7,800
270
8,131
2,428
2,662
1,311
2,374
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,053
1978 (Est.).......
354
663
33
475
3,182
235
242
8,607
2,700
13,562
1976-Nov ..........
28
43
1
38
-6
14
17
46
17
249
1
1
1
2
3
295
*
16
*
*
*
*
*
*6
205
2
6
*
2
*
210
42
1,302
3
63
8
10
38
1,389
120
353
61
70
82
57
104
320
659
4,207
460
588
459
475
609
4,211
1
6
10
12
14
*
*
*
*
*
*
6
*
1
-
3
67
9
15
49
2
92
1
*
1
1
1
107
*
3
4
*
2
187
3,546
20
196
37
88
130
3,559
2
29
12
20
28
13
91
3
11
1
3
14
75
*
10
4
6
13
15
197
83
111
214
983
44
59
63
479
1,338
587
973
524
1,021
48
26
*
1
18
4
325
542
1,545
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
Feb..........
Ifer.............
July.........
Sent.........
Oct..........
Fiscal 1978
Source: lifonthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Revised Budget estimates are based on the Mid-Session Review of the
1978 Budget, released July 1, 1977. Other estimates are not available
in the necessary detail and are based on the 1978 Budget, released
January 17, 1977.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/
fiscal 1974, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
64
foreign service retirement and disability fund, and Airport and Airway
trust fund.
2 / Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu
ment's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a result, the
detail will not add to the Fiscal Year 1974 totals.
* Less than $500,000.
Table FFO-5. - Budget Outlays by Function
Oo
(In millions of dollars)
F.Y. 1977
F.Y. 1978
Function
National defense
Outlays...................................
Proprietary receipts from the public....... ....
Intrabudgetaxy transactions...................
Total.....................................
International affairs
Outlays...................................
Proprietary receipts from the public............
Intrabudgetary transactions...................
Total.I...................................
general science, space, and technology
Outlays...................................
Proprietary receipts from the public............
Total.....................................
Natural resources, environment, and energy
Outlays...................................
Proprietary receipts from the public............
Intrabudgetary transactions...................
Total.....................................
Agriculture
Outlays...................................
Proprietary receipts from the public............
Total................................ ....
Commerce and transportation
Outlays...................................
Proprietary receipts from the public............
Intrabudgetary transactions...................
Total.....................................
Community and regional development
Outlays...................................
Proprietary receipts from the public............
Intrabudgetary transactions...................
Total.....................................
8,307r
-881
-6
7,420r
316r
-18
-- 253F
400
400
l,441r
-119
-1
Dec.
Jan.
Feb.
8,523
-952
4
7,575
8,604
-1,523
1
7,082
8,419
-293
5
8,131
498
-26
472
412
418
-*
418
9,395
-397
-18
8,470
-405
22
9,644
-670
-*
18,114
-1,076
22
16,740
-1,722
-2
8,412
8,979
8,087
8,974
17,060
15,017
537
-69
-5
521
-25
-*
463
497
460
-14
446
317
-18
-48
251
777
-32
-48
697
893
-31
-25
439
981
-45
-68
868
362
*
362
358
-2
356
422
392
2
379
-*
390
_*
768
-*
831
-2
*4
420
393
378
389
768
831
2,549
-207
-1
G
w
5d
June
July
Aug.
9,550
-979
1
8,572
9,007
-1,029
-1
7,976
8,785
-230
2
8,555
9,58'*
-1,184
2
8,438
-434
*
9,671
-1,256
-3
8,404
8,004
398
-17
-*
551
-29
582
-35
-*
330
-28
-18
503
-64
_*
381
521
548
284
305
-1
333
403
356
-•*
351
304
333
356
350
-63
349
1,086
-190
-1
678r
-llr
728
-221
667r
507
392
191
582
l,729r
-4
-*r
999
-4
995
752r
Nov.
May
1,257
-214
-1
1,042
821r
-67r
-2
Oct.
Apr.
1,342
-125
-1
1,217
l,724r
Mar.
403
837
-*
1,382
-122
-1
1,622
-96
-*
1,404
1,912
-406
5
1,511
1,259
1.526
2,781
2,341
59
-9
<50
1,095
8
1,597
-45
2,693
-36
883
-29
334
733
7
740
1,103
1,553
2,657
854
1,426
-7
-•*
987
-8
_•*
996
-8
-*
1,874
-11
-*
3,591
-4
-*
1,783
-6
5,379
-11
3,964
-8
-•*
1,586
1,419
978
988
1,863
3,586
1,777
5,368
3,956
586
-1
-6
550
4
-28
894
49 1
-2
1,844
-147
-11
875
941
769
-131
-11
628
1,074
-17
-*
525
629
5
-8
627
893
-14
-5
579
708
-36
-1
670
1,058
1,686
1,339
-145
-44
1,151
1,606
-1
1,630
-3
1,628
1,773
-1
1,772
1,658
-1
1,656
1,972
-2
1,801
-*
1,758
3
1,970
1,801
1,761
1,839
-5
1,834
3,598
-2
3,595
2,839
-2
2,837
1,294
-217
-*
1,385
-145
-1
1,077
1,239
322
28
350
574
-10
738
-1
737
148
-10
138
689
-8
681
-318
-5
_*
1,271
-6
1,321
-5
-*
-323
1,265
520
-14
-1
506
427
-22
-8
397
516
-34
~2
480
513
-15
-2
496
1,564
-1
1,542
-1
1,563
1,541
"
1,587
-1
1,585
1,646
-2
1,645
564
Sept.
3,000
-217
-1
1,317
-137
-1
1,180
895
Comparable
Cumulative period
fiscal
to date
1977
1/ 2/
1,502
-235
-*
1,664
-258
-2
1,266
254
2
256
332
2
1,592
-6
-*
1,316
1,559
-138
-1
1,421
>
r*
•*)
HH
GO
o
&
§
$
i—i
o
2
GO
training, employment and social
srogices
Outlays...................................
Proprietary receipts from the public............
Total.....................................
1,710
-1
1,709
1,604
Footnotes at end of table.
<3
to
I
&
»
5
Table FFO-5. - Budget Outlays by Function—Continued
6
F.Y. 1977
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
F.Y. 1978
May
June
July
Aug.
Sept.
Oct.
Nov.
a
Comparable
Cumulative period
bo date
fiscal
1/ 2/
1977
vo
Oo
Health
Outlays....................... .
Proprietary receipts from the public.,
Intrabudgetaiy transactions....... .
3,410
-393
Total.,
Income security
Outlays.......................
Proprietary receipts from the public.
Intrabudgetary transactions.......
3,015r
3,355
-4
-390
2,961
3,447
1
-383
3,064
11,351
-*
-819
10,532
12,380
-*
-751
11,751
11,629
11,574
l,735r
-37
1,508
-41
_•*
1,674
-44
l,697r
1,467
301
3,874
-2
-1,199
2,674
3,634
-3
-390
3,241
3,717
-1
-399
3,317
13,522
-*
-831
12,691
12,012
11,627
-564
11,448
-182
1,649
-43
1,658
-46
1,724
-40
_*
1,630
1,606
1,611
297
_*
339
1
246
-2
300
297
340
442
-28
-18
377
-33
-18
326
130
_*
-2
127
11,323
-*
-311
Total.,
Veterans benefits and services
Outlays.......................
Proprietary receipts from the public.,
Intrabudgetary transactions....... .
Total......................... .
4,936
1
-866
4,071
ll,011r
3,800
-1
-401
3,398
3,583
-1
-468
3,115
3,968
-3
-496
3,469
3,550
*
-234
3,316
Total.........................
General government
Outlays.......................
Proprietary receipts from the public.
Intrabudgetary transactions.......
Total.,
Revenue sharing and general purpose
fiscal assistance
Outlays.......................
Proprietary receipts from the public.
Intrabudgetary receipts..........
Total.,
Interest
Outlays.......... ............
Proprietary receipts from the public.
Intrabudgetary transactions.......
2,879
-80
-361
Total.........................
Undistributed offsetting receipts....
Net Budget outlays..............
2,438
-659
33,077r
395
590
-r
590
■
7,039
-4
-769
3,631
-2
-1,017
3,355
2,613
5,968
6,266
11,479
-1
-2
11^6.
12,713
22,938
-78
24,192
-1
-80
12,635
24,111
22,081
3,170
-75
_•*
12,435
-*
-1,306
11,129
11,734
-*
-143
11,590
11,603
_■*
-5
11,598
11,643
1,662
-36
1,272
-46
-*
1,377
-39
-*
1,470
-40
-■*
1,360
-35
_*
1,625
-37
1,616
-tl
3,240
-82
-1
1,684
1,625
1,225
1,338
1,430
1,325
1,587
1,571
3,158
3,095
293
-1
306
-*
285
_*
*318
-2
292
-1
270
_■*
263
4
283
-1
322
_*
605
-1
684
*1
H
O
H
W
>
t"1
244
292
305
285
316
291
269
267
282
321
603
683
CQ
O
108
20
-35
330
-12
-32
366
-54
-29
133
5
-25
591
-26
-240
m
37
224
-28
-14
414
-24
-13
638
-52
-28
647
-39
-42
285
284
113
324
199
9
-9
198
7,431
-25
-7,080
93
530
-20
-22
488
347
326
182
376
558
566
2,062
_*
44
31
3,767
3,373
47
2,257
44
9,129
249
9,378
-6,856
2,592
-15
-6,855
44
31
-1,664
2,103
-3,327
2,062
45
47
2,257
44
129
-55
-9
65
2,274
249
2,523
2,577
6,305
-51
-229
6,025
2,738
-58
-297
2,382
2,708
-20
-14
2,674
2,570 ‘ 2,782
-28
-38
-10
-3
2,522
2,751
2,791
-97
-5
2,690
6,159
-36
-215
5,908
2,880
-31
-5
2,797
-35
-40
2,722
2,936
-22
-6
2^908
3,132
6,068
-341
-5$
5,634
-106
-448
-4,207
31,890
. -4S0
32,617
-58tf
30,735
-475
35,363
—609
33,592
-4,211
32,881
2,765
-27
-244
2,494
-1,33#
33,630
-973
35,097
-22L
2,758
-1,021
5,665
-1,545
-1,096
38,790
36,864
75,654
67,075
-177
11,445
11,652
*
-9
Law-enforcement and .justice
Proprietary receipts from the public.
Intrabudgetary transactions.......
6,990
-5
-1,017
3,359
-3
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note:. The Export-Import Batik was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made to
include totals for the period it was outside the Budget (August 17, 1971
through September 30, 1976). Also, adjustments are made to reflect
certain Export-Import Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
-459
34,292
2,844
-5#7
34,720
-857
-2
>
O
*
>
i—(
o
2
GO
5,080
negative outlays.
1/ Monthly totals may not add to cumulative due to budget reclassifications.
2/ Budget outlays are revised to reflect Earned Income Credit payments in
excess of an individual's tax liability, formerly treated as outlays,
and now classified as income tax refunds.
* Less than $500,000.
r Revised.
VO
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1978 (Est.)........
1976-Nov ..........
Dec..........
1977-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Oct..........
Fiscal 1978
to date..........
Federal
Federal
Old-Age and Disability Federal
Hospital
Insurance
Trust
Insurance
Trust Fund
Trust Fund Fund
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
-913
-1,645
-2,268
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
-2,211
66
590
693
377
-146
1,338
3,642
1,897
1,181
67
-36
3,222
77
-345
244
221
222
531
148
-148
14
988
1,064
-170
257
-1,125
35
250
841
1,693
-1,091
-1,252
1,732
-1,019
-2,247
-49
-349
28
73
451
6
103
50
11
62
128
-467
-335
-291
365
-262
-8
845
-181
100
354
-337
-6
-221
-398
294
-2,296
-802
-104
-184
-240
-103
-29
-161
8
-334
-228
-240
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
Housing and Urban Development Department
Other
*
*
-1
-
_*
*
-
*
-
1
-
Federal
Housing Partici
Adminis pation
tration Sales
Fund
165
465
-369
131
128
197
-202
109
299
31
63
184
200
223
118
261
28
27
190
-95
160
-357
85
176
-237
-307
1,059
*
*
*
*
*
-6
-43
43
31
-5
87
-514
-*
49
19
-10
6
752
—
-4
Department National
Airport
Service
Ittg&way
and
Life In
Airway
Crust Fund
surance
Trust Fund
Fund
Labor Department
Government National
Federal
Mortgage Assn.
*
*
-
*
-
Veterans
Administration
Transportation
Department
Fiscal year
or month
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Other
dihe*
-3
-8
-8
-6
-8
-4
1
12
29
2
17
-19
32
28
14
1
6
5
-8
12
2
-3
“
15
8
7
-47
10
54
-4
-258
9
32
-31
50
20
3
-2
3
-
-
3
7
-2
3
3
*
-*
-3
1
2
-
_
_
_
-
-21
20
37
3
53
2
-2
1
1
3
_
*
-2
-7
-2
_
_
_
-
56
4
-9
Federal
Civil
Deposit
Insurance
Service
Commission Corpora
tion
Unemploy
ment Trust
Fund
uruer
Adminis
tration
Federal
Savings
and Loan
Insurance
Corpora
tion
938
488
-
2
5
9
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
1,073
3,900
565
-707
-927
59
-667
460
2,680
-744
-80
1,312
_
-
Postal
Service
Other
:!£?
-
543
“
275
Railroad
Retire
ment
Board
_
59
-
268
All
other
Total
8,522
10,062
7,417
8,420
11,821
14,813
7,031
4,341
-3,514
9,'245
-747
-5
1,380
1,201
353
-566
-920
56
40
525
5
86
83
62
272
178
111
215
25
219
20
29
26
30
27
42
*
40
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,428
313
328
180
438
537
225
404
470
-128
855
283
173
196
148
257
378
316
368
135
424
1,370
-280
-292
-90
125
599
-160
-660
-171
-204
237
-145
26
67
110
165
2,030
-1,682
H5
403
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,127
356
-
303
46
5,753
371
401
-920
23
236
12,748
1976-Nov...........
Dec...........
1977-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
71
116
40
63
61
47
59
142
-93
155
170
152
173
130
134
271
208
293
4
-32
-21
145
-79
-17
5
195
-14
-10
-24
-147
-4
206
-2
38
1
-3
-5
-18
-1
39
-127
958
111
30
8
95
17
18
-18
24
-170
245
-300
-155
282
-191
-499
147
220
-61
-297
-34
-164
-304
-28
1,131
73
-8
-173
-165
-230
-330
-228
1,302
90
-99
98
408
18
18
92
4
268
2,205
-3,099
July..........
Aug...........
Sept..........
Oct...........
Nov..........
51
-50
-132
42
17
190
31
-57
-50
14
-13
43
-5
-11
-27
3
4
-2
-1
2
-1
-3
-2
-2
-2
-348
-185
7,276
-432
-225
19
179
4
-578
108
22
89
13
15
84
-162
-98
-777
1,572
-14
-282
16
-175
-235
-12
168
.2,460
3,114
3,629
-3,296
1,685
60
-36
-38
1
-4
-657
-470
99
1,559
-247
252
-1,611
1977..............
1978 (Est.)........
-
878
1,058
593
183
534
29
U
-9
-110
24
—60
-290
-246
69
-5
4
29
79
-173
-4
36
-7
84
310
510
558
3,930
1,767
Fiscal 1978
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1978 Budget of the
U.S. Government, released January 17, 1977.
Note: Figures may not aid due to rounding.
* Less than $500,000.
Table FFO-7. - Trust Funds Transactions October 1, 1977 through November 30, 1977
(In millions of dollars)
&
Receipts
Classification
Unified
budget
Trust
receipts
Total in interfund Receipts Interfund attrib Total in
trust
of trust trans
trust
and pro funds
utable
funds
actions
to trust funds
prietary
2/
funds
receipts
2/
1/
(2)
(1)
Federal Old-Age and Survivors
Insurance................... .
Federal Disability Insurance.....
Federal Supplementary Medical
Insurance....................
Federal Employees Retirement.....
Federal Employees Life and
Health Benefits...............
Federal Deposit Insurance
Corporation..................
Airport and Airway..............
General Revenue Sharing..........
Railroad Retirement.............
Unemployment..................
Veterans Life Insurance..........
Outlays
O)
(4)
(5)
(6)
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
Outlays
of trust
funds
(7)
(8)
(9)
-
*
-
12,941
2,058
2,807
1,087
_
_
509
1,773
2
-
1,087
1,771
_
-
-64
-
_
_
_
_
467
_
_
-
204
6,855
1,224
3
200
26
6,855
1,198
147
1,709
-
-
-
18
126
2
13
356
1,758
6
1,274
1,131
647
1,757
77
145
-
1,097
-
2,161
25,213
27,954
2
*
_
264
41
32
10,770
1,239
1,927
12,941
2,058
2,807
-
-
11,034
1,280
1,959
1,420
_
1,420
395
1,121
2
1,119
1,025
610
_
_
_
_
11,034
1,280
1,959
-
204
6,855
1,224
1,097
375
-
76
80
57
375
1,584
2
19
28,610
1,236
27,374
1,884
81
Source: Based an Monthly Treasury Statement of Receipts and Outlays of
the United States Government.
Note:
The iwMwwmrtmB section of various tables in the Federal Budgets
presents the trust fund receipt and outlay data on the same concept as
columns (3) and (9) above. Trust interfund transactions are payments
from omft fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The intragovernmental transactions
are payments from Federal funds to trust funds, and vice versa, but
-
1/
2/
2/
4/
*
Q
Interfund transactions
Federal
payments
and con
tribu
tions
Federal
employer
contri
butions
Interest
and pro
fits on
invest
ments in
Federal
securities
(10)
(11)
(12)
136
18
128'
-
Total
U
(13)
(14)
264
Excess of
receipts
or outlays
(-)
(15)
(16)
12,676
2,016
-1,907
-777
2,774
-848
vo
29
23
3
-
41
32
1,017
_
8
_
3
494
64
48
1,025
610
62
1,161
333
-652
-64
_
_
_
_
_
-64
64
467
147
_
_
_
_
.
467
-
3
3
144
1,709
1,248
-467
56
18
48
1
1
78
1
12
18
126
2
13
325
138
2,161
-
34
647
1,757
80
57
-3
88
-
-
1,233
26,718
1,020
677
1,097
Other
Unified
budget
outlays
attrib
utable
to
trust
funds
1,709
1,274
26
-
exclude $26 million in trust fund payments to Federal funds.
For content see columns 7 and 8.
For content see columns 10-13.
Includes net taxes and other receipts, mainly deposits by States and
Federal employee retirement contributions.
Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
Less than $500,000.
26
-
34
628
5,146
-50
1,631
-34
-272
127
-4
75
4
-69
24,557
656
oe
*50
M
G
m
>
t-1
*11
1*—
GO
o
>
t-*
o
M
£0
t—1
O
2
GO
Table FFO-8. - Selected Accrual Data Reported by Federal Agencies for Period Ended September 30, 1977
(In thousands of dollars)
Balances as of September 30, 1977
Transaction data
Quarter ended September 30, 1977
Receivables
Payables
Current fiscal year to date
From the public
AgencyNet
cash
outlays
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 ..................
Health, Education, and Welfare Department .......
Housing and Urban Development Department......
Interior Department........ ......... ....
Justice Department ............... ........
Labor Department .........................
State Department .........................
Transportation Department........ .........
Treasury Department:
Interest an the public debt ...............
Other..... ........ ..... .............
Energy Research and Development Administration ..
Environmental Protection Agency.............
General Services Administration .............
National Aeronautics and Space Administration ...
Veteran? Administration...................
Other Independent Agencies .............. .
Undistributed offsetting receipts:
Federal employer contributions to retirement funds
Interest on certain Government accounts .....
Rents and royalties on the Outer Continental
Shelf Lands............ ..............
Elimination of interagency receivables and
payables.................. ...... *... .
Net
change
in re
ceivables
and payables
$ 253,475
102,344
15,438
$
977,923
398,271
228,530
4,110,274
904,159
24,262,823
733,994
38,292,744
1,573,722
920,523
546,306
5,443,823
258,142
3,584,093
4,593,467
-6,598
-16,086
-200,053
-29,417
-9,649
175,424
446,140
-116,476
5,847
127,960
-303,518
-5,828
-325,828
3,541
40
2,723
Net
cash
outlays
Accrued
expend
itures
Net
change
in re
ceivables
and payables
8,860
-93
-1,466
$ 985,352
391,746
71,920
347,287
1,632,023
517,895
16,737,730
2,606,804
95,751,453
2,279,998
147,455,436
5,370,827
3,085,642
2,349,726
22,835,276
1,131,820
12,513,984
9,025,348
22,743
-445,464
62,250
-18,890
-405,295
109,423
-9,539,275
-8,999
1,675
-201,163
120,935
-984
-49,420
$ 257,017
102,385
18,161
$
5,571,390
391,673
212,444
3,910,221
874.743
24,253,174
909,413
38,738,884
1,457,247
926,371
674,266
5,140,305
252,314
3,258,264
976,492
391,839
73,386
$
Accrued
expen
ditures
$
828
9,372,634
1,654,766
72,431
16,799,980
2,587,913
95,346,158
2,389,421
137,916,161
5,361,828
3,087,317
2,148,563
22,956,211
1,130,835
12,464,564
9,651,605
253,795
57,452
2,367,975
315,338
7,584,771
414,944
11,335,940
750,707
365,162
82,578
535,468
185,349
1,423,804
443,631
15,942
131,809
473,377
157,184
,145,861
169,691
307,268
919,300
88,202
21,077
97,038
24,134
117,962
120,603
130,540
14,018
813,189
20,709
471,524
35,431
1,229,361
125,273
128,868
5,899
342,860
5,342
58,997
4,525,246
237,024
1,173,662
1,100,500
566,586
546,731
1,861,971
3,248,552
187,180
75,228
92,108
45,950
441,448
99,428
31,554
571,319
64
577,248
168,344
1,176
63,237
204,826
51,875
1,006,443
8,875,508
1,132,237
1,539,075
2,319,557
126.743
959,849
4,094,521
8,309,282
41,637,291
7,660,463
5,020,477
4,364,808
-31,100
3,943,817
18,019,353
20,014,438
262,428
-467,643
192,003
467,078
95,600
-158,485
273,024
1,115,474
41,899,720
7,192,819
5,212,479
4,831,886
64,500
3,785,333
18,292,376
21,129,912
-1,517,498
-295,185
59,607
-795,495
-1,457,891
-1,090,680
-4,548,073
-8,131,395
74,990
51,963
-4,473,084
-8,079,432
-1,134,953
-16,144
-1,151,096
-2,373,747
-3,859
-2,377,606
1,595,423
1,595,423
3,955,103
3,955,103
*
112,200.805
4.537.861
1,450,658
796
4,806
-314,711
5,541
-3,999
5,189,894
9,616
4,605
742,726
122,614
10,513
8,414,766
5,128
-15,593
-173,141
393,615
58,580
1,444,585
6,989
7,459
606,834
33,306
224
9,859,351
12,117
-8,134
433,693
426,921
58,805
-360,888
-360,888
5,719,080
8,683,355
2,285,508
4,384,906
2,285,508
13,068,261
17
$ 1,265
118
420
352,166
542,525
360,544
521,369
45,570
141,289
536
5,261,633
;
190,663
41
4,228
114,943
245,100
118,328
17,189
361,554
11,000
9,013
111,342
411,132
81,737
3,837,202
92,112
7,206,085
717,449
127,181
36,994
148,511
60,238
228,326
13,877
102,837
21,746
12,512
46,310
47,647
893,079
1,634,283
249,983
89,280
407,611
142,262
147,276
515,409
153,169
1,790,525
-8,702,072
48.673.608
401.633.948
From
other
agencies
(includes
advances)
Accounts
receivable
! 43,371
3
2,007
-702,576
-1,005,247
-52,268
1,088,508
103,605
-18,596
13,494
3,438,100
8,050.102
To
other
agencies
S3,934
143
4,368
9,578,085
2,137,484
1,591,343
1,231,049
23,138
978,446
4,081,027
4,871,182
Total ..............................
To the
public
_
-18,403,052
H
d
>
tr*
1—1
GO
O
>
O
H
5d
5
1-4
o
2
GO
-5,2$4,547
Off-Budget Federal Agencies:
Federal Financing 'Bank .......... .
Housing and Urban Development.... .
Labor ............... ............. .
Postal Service ............ ............. .
Rural Electrification Administration.... .
Rural Telephone Bank.................. .
Elimination of interagency receivables and
payables .................. ....... .
Total......... .....................
3,739,235
8,820
-201
1,057,437
117,073
14,511
4,936,876
782,203
1,145
10,257
1,342,627
710,866
1,539
795
8,374,622
609,923
1,158
9,434
26,255
88,629
3,276
_
4,588
-9,092,409
1,354,031
»
9
8,341
14
»
738,676
129,870
2,905
-770
6,674,882
-6,806,901
8,350
6
Source: Bureau of Government Financial Operations.
Note: Figures on accrued expenditures are developed from reports submitted to the Department of the Treasury by Federal agencies. Accrued revenues resulting from the Government's sovereign authority
e.g., income and various employment taxes, and customs collections are not included in this report. Cash outlays and accrued expenditures are offset by revenues of a proprietary nature, e.g., marketoriented revenues or revenues derived from activities operated as business-type enterprises. Figures reported by agencies on receivables and payables may differ to some extent with reports on budget
status (S.F. 133 to 0MB) and budget results (TFS-2108 to Treasury) due to conceptual differences, e.g., deferred charges and advances to consolidated working funds are reported as receivables for this
table and as liquidated obligations for 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.
(33
g .
I*
S*
January 19J8
13
___ FEDERAL FISCAL OPERATIONS___
Table FFO-9. - Detail of Excise Tax Receipts
(In thousands of dollars)
Fiscal Year
Second Quarter
Type of Tax
Other 2/.........................................
1976
3,918,971
173,515
1,265,990
5,358,477
3,865,162
177,113
1,308,583
5,350,858
3,919,935
175,482
1,332,304
5,427,722
1,379,441
922,013
42,613
370,113
1,334,739
51,581
2,383,038
2,387
2,437,005
51,226
2,261,116
2,748
2,315,090
49,812
2,434,831
3,252
13,908
633,125
876
6,934
601,426
901
2,487,894
647,908
609,260
4,087,669
105,723
827,256
6,049
519,699
120,604
9,100
18,259
26,891
20,863
3,980,412
91,053
697,660
3,343
534,158
125,052
11,331
21,899
29,435
21,735
546
-11
5,516,611
4,125,674
92,851
730,117
17
321,848
124,045
984,127
23,168
191,108
54
94,171
34,127
2,693
6,990
9,375
7,933
711
-15
1,017,989
24,932
198,848
-2,083
160,546
10,295
27,814
379,125
15
417,250
7,116
99,770
2
2,134
2,160
8,173
108,980
*
416,244
11,127
22,573
370,489
-2
404,187
109,022
119,313
1,892,731
2,023,744
1,837,362
366,342
391,747
659,177
41,931
56,908
120,006
6,571
107
6,451
20,786
750,641
47,332
52,594
103,769
6,826
227
5,540
20,959
793,597
45,400
52,979
28,820
6,187
965
4,962
21,188
203,731
11,574
12,495
9
450
133
1,054
4,035
226,283
14,159
12,462
5
263
77
1,971
4,132
207,663
280
1,536
19,458
65,069
63,828
324
6
1
550
212,793
313
1,128
25,371
61,823
59,538
291
9
75
893
33,877
133
31,316
169
23
10,683
21 496
21 085
’ 23
986,954
44,630
347,857
Manufacturers' excise taxes:
40
Total manufacturers' excise taxes.....................
Retailers.!excise_kaxes.
Noncommercial aviation gasoline 5/....................
Noncommerical aviation fuel other than gasoline 6/.... .
Diesel and special motor fuels.... .......... .
Total retailers' excise taxes..................... .
Miscellaneous excise taxes:
Telephone
teletypewriter exchange service 2/........
Transportation of:
Persons by axr 8/.......... ....... ..............
Property by air 2/............................. .
Use of international air travel facilities 10/...........
ooin-operated gaming devices............ ........ .
1977
Apr. - June
1975
Alcohol taxes: 1/
Tobacco taxes. 1/
1976
Apr. -June
1974
5,742,154
10,877
31,955
373,414
*
Use tax on highway motor vehicles having a "taxable gross
198,462
weight" exceeding 26,000 pounds...... ..............
232
Firearms transfer and occupational taxes...............
63,328
Interest equalization 15/...... ........ .
16,914
Foreign insurance............. ..........
70,256
Exempt organizations, total...... ....... ...............
69,802
Net investment income 16/ ..................... .
229
Self dealing 17/.................................
3
Excess business holding 18/ ................ .
8
Taxable expenditures 19/ ....................
46
Failure to timelv file certain information returns 20/,..
160
Failure to distribute income 21/.................. .
Investments which jeopardize charitable purposes 22/...
8
Employees pension plans, total.......................
Individual savings arrangement taxes 23/...... ...... *
_
Prohibited transactions
2 k / ........................
_
Tax on excess contributions to an HR—10 Plan ...........
Failure to meet funding standards 25/...............
Tax an excess contributions for self-employed
individuals-26/..................................
Other i j .........................................
465
Total miscellaneous excise taxes..,....................
3,154,324 .
Total received with returns and from sales of stamps......
17,108,205'
Unclassified excise taxes.............................
1,648
Total excise taxes..................................
17,109,853
360
39
39
11,910
20,152
30,929
23,282
4,716
565
5,486,106
1 ”35L
3,555
9,192
9,391
8,668
1,006
*
1,473,067
246
7,935
*3t\J
70
40jP
£5 17/
102
L
53
347
600
90
420r
380r
40
915
102
588
380
208
41,022
_
3
32
58
293
1,105
1,048
22
*
3
398
3,306,077
16,892,^23
-45,082
B , ^47,741
-87
3,093,563
16,912,535
345,185
17,257,720
I6r
688^20r
4,179,632
131,167r
I. -Sin 7QQ
31
18
715.908
..4‘J252,357"
307,1*4
4,559,445
Treasury Bulletin
14
FEDERAL FISCAL OPERATIONS
Footnotes to Table FFO-9.
Source:
Internal Revenue Service reports. The figures shown include
collections for credit to special accounts for certain island
possessions. Floor stock taxes are included with the related
classes of tax.
Note: Detail may not add to totals because of rounding.
2/ Releases showing details are published quarterly.
2 / Includes taxes on cigarette papers and tubes and miscellaneous tobacco
collections.
2/ Taxes on passenger automobiles and light trucks repealed December 11,
1971 under the Revenue Act of 1971. These data reflect refunds.
4/ Includes taxes on items which were repealed by Public Laws 87-456,
88-36, and 89-44.
5/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970 rate 3 cents per gallon.
£/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970 rate 7 cents per gallon.
2/ Rate of 7 percent effective January 1, 1975 (Public Law 91-614).
§ / Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970, rate increased from 5 to 8 percent on domestic airline passenger
fares.
2/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970, rate 5 percent.
IQ/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970, tflv of $3.00 per person.
11/ Terminated effective June 30, 1975.
12/ Tax increase from $50 to $500, effective December 1, 1974 (Public Law
93-499).
13/ Rate reduced from 10 percent to 2 percent effective December 1, 1974
(Public Law 93-499).
14/ $25 per year with an additional 2 cents per pound an nonturbine g-ng-fna
powered over 2,500 pounds, or 3-1/2 cents per pound on turbine engine
powered.
15/ Legislative authority expired June 30, 1974.
16/ 4 percent of net investment income.
17/ Disqualified persons, 5 percent of amount involved; foundation managers,
lesser of $10,000 or 2-1/2 percent. If not corrected within 90 days,
200 percent on disqualified person and lesser of $10,000 or 50 percent
on foundation manager.
18/ Foundation, 5 percent of excess holdings. If not corrected within 90
days, 200 percent.
12/ Foundation, 10 percent of improper expenditure foundation manager,
lesser of $5,000 or 2-1/2 percent. If not corrected within 90 days,
foundation, 100 percent; foundation manager, lesser of $10,000 or
50 percent.
20/ Penalty of $10 per day, not to exceed $5,000.
21/ Foundation, 15 percent of amount which should have been paid out. If
not corrected within 90 days, 100 percent.
22/ Foundation, 5 percent of investment which jeopardizes exempt purpose;
foundation manager, 5 percent not to exceed $5,000. If not corrected
within 90 days, 25 percent on foundation and another 5 percent (up to
$10,000) on the manager.
23/ Includes tax on excess contributions (6%) and tax on under-distribution
(50$). Separate detail not available.
2L / Tax of 5 percent of prohibited transaction. If not corrected within
90 days, additional 100 percent tax can be imposed.
Tax of 5 percent on accumulated funding deficiency.
£2/ Tax of 6 percent on excess amount.
Less
than $500,000.
r Revised.
*
January 1978
15
.FEDERAL OBLIGATIONS.
"Obligations" are the basis on which the use of funds
is controlled in the Federal Government.
They are recorded
of categories which are based upon the nature of the trans
action without regard to its ultimate purpose.
All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order, delivery, payment,
in current operations or in the construction of capital items.
consumption— which
characterize the acquisition and use of resources.
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with 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 purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the
private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President's
Commission on Budget Concepts.
The October through November 1977 obligations data are not included
in this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
16
Treasury Bulletin
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred Within and Outside the the Federal Government
by Object Class,
__________________________________ (In millions of dollars)__________________________________
Gross obligations incurred
Object class
Personal
bsaeiij^s Personnel compensation......
Personnel benefits.........
Benefits for former personnel.
54,941
1,784
16,984
Contractual services and supplies
Travel and transportation of persons.
Transportation of things..........
Rent, communications, and utilities..
Printing and reproduction.........
Other services..................
Supplies and materials...........
1,847
5,056
3,247
425
40,660
64,202
Apg^isitfrM-Qf. .fiMflJaft-aaflffte
Equipment...............
Lands and structvires......
Investments and loans.....
OEarta a&ft ftefl stores
Grants, subsidies, and contributions.
Insurance claims and indemnities.....
Interest and dividends...........
Refunds........................
Gross obligations incurred 1/.
693
2,541
7,156
6,330
959
55,434
76,270
2,100
3,083
534
14,773
12,068
20,726
6,365
22,086
8,526
471
160,899
149,621
34,998
1,435
62
11,334
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures an this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
54,941
6,620
16,984
29,252
6,835
22,152
66
221
161,120
149,683
46,332
1,435
35
4,483
99
4,120
2
4,155
6,078
101
589,894
64,484
654,378
1,595
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)..... .
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts....................
Net obligations incurred...............
654,378
-84,710
-57,496
512,172
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class,
_____________ (In millions of dollars)
Major object class
Major function
National defense...................
International affairs...............
General science, space, and technology..
Natural resources, environment, and
energy.........................
Agriculture.......................
Commerce and transportation...........
Community and regional development....
Education, manpower, and social services
Health...........................
Income security....... ............
Veterans benefits and services.......
Law enforcement and justice..........
General government..................
General revenue sharing......... .
Interest... ......................
Personal
services
and
benefits
45,272
531
840
3,199
10,134
3
_
Less than $500,000.
Other
Total
3,448
905
121,752
46,238
5,096
2,848
13
125
*
2,618
-
238
1,059
605
4,195
661
2,029
62
8,921
2
19,068
24
351
9
49
57
10
19
612
7,824
3,585
4,734
313
118
-57
245
-21
12,247
21,076
114
9
250
4
276
-
2,183
149
20
480
1,966
11,106
41,758
24,765
41,568
131,317
6,365
22,086
1,913
367
821
3,889
3,315
1,255
Investments
and loans
19,096
36
100
1,721
1,500
2,208
Lands and
structures
Grants
and
fixed
charges
50,849
41,076
3,426
750
884
Acquisition of capital assets
Equipment
3,266
552
73,709
*
Contractual
services and
supplies
1,914
1,371
417
3,412
1
66
115,437
173
40
117
1
-
20,726
34
30
-
583
9,790
32,910
3
2
47,513
26,843
47,384
137,637
25,846
21,645
14,279
-
9,814
33,456
346,953
4,617
589,894
20,474
19,896
3
*
86
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, August 31, 1977
&
%
«
&
(In millions of dollars)
Classification
Benefits
Personnel Personnel for
benefits former
compen
sation
personnel
1/
-
3*3
36
-
11
111
30
-
*
-
.Acquisition of
capital assets
Contractual services and supplies
Personnel services & benefits
Travel and
trans
Transpor
portation tation of
of persons things
12
_
Rent, com
munications,
and
utilities
Sup
plies
and
mate
rials
44
9
Printing
Other
and
ser
repro
vices
duction
*8 !
_
_
5
_
25
1
2
1
3
*
*
_
*
*
*
1
7
7
3,204
17
*
1
7
3
•
1
*
806
178
90
36,005
606
4
-1
9
16*
*
1,837
61*
-
*
1
3
1
110
26
103
3*
*
*
-
1,301
723
42
_
7
11
95
312
205
*
65
**
63
6*
285
3
13,038
Department of the Navy......... 12,039
Department of the Air Force....
8,536
1,41+2
Civil defense.................
14
Total military................ 35,069
2*1
32*
1,133
_
39
2
1
8,220
_
*26
275
259
535
1
1,*96
3,592
LO,635
*,7*7
1,371
11
20,356
4,073
6,549
5,067
5,551
*
21,240
2,3*0
7,036
8,987
268
1
18,632
828
534
74
179
_
*
8,262
57*
522
2**
61
*
1,*01
6
18
1*
7
*
1,698
536
300
1*1
39
1
1,017
1,615
Agriculture Department:
Commodity Credit Corporation.....
ot^er.........................
_
_
,
_
Grants,
subsidies
and con
tributions
Insurance
Interest
claims
and
Refunds
and indem dividends
nities
*
_
_
*
_
_
Undistrib
uted U.S.
obliga
tions
_
_
_
_
2
52
*
4,204
7,894
168
580
3,178
7.039
158
1,211
_
5
17
24
75
1
1
*
30
_
25
_
-
*
1
12
1
*
42
56
121
32
25
7
2
428
39,488
7,883
41
23
85
13
2
3
_
_
*
5
362
443
1,334
Obliga Untions in vouchcurred
ered
abroad
_
*
_
_
_
-
Other
Grants and fixed charges
Invest
ments
and
loans
3
_
*
3 Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
283
_
Lands
Equip and
ment
struc
tures
_
_
_
_
-2
_
-124
13
_
_
4
472
32
_
22
7
Total
gross
obliga
tions
incurred
q
'O
770
5
44
_
40,033
3,157
778
_
_
97
6 ,16*12^,630
8,326
Oo
Defense Department:
Military:
Civil.........................
Health, Education, and Welfare
Department.....................
Housing and Urban Development
Department:
Government National Mortgage
Association.................
Interior Department...............
Justice Department................
Transportation Department.........
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing.........
Energy Research and Development Admin
Environmental Protection Agency....
General Services Administration....
National Aeronautics and Space
Administration..................
_
*5
2
9
3
11
1
823
91
40
858
2 ,***
-
28
79
12
131
6
2,077
159
62
260
326
1,30*
1,025
322
272
1,863
-
*
*
*
808
*
139
18
70
5*
23
**
75
-
*
7*
58
23
2*
160
_
-
2
382
935
136
128
38
625
_
2
209
105
12
7
226
_
2
98
36
8
19
259
_
534
826
26
1
5
68
656
-
86
1
12
7
2
35
2*
5
2
*
6
2
_
_
_
_
_
_
33,174
925
19,765
11,717
527
3,796
57
174
6
4,906
84
1
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
-
-
-
_
_
_
-
88
16
1*
7
1*
1*
1
52
83
179
11
581
39
5
1
1
169
5,209
227
705
51
6
9
1,359
27
306
15
74
42
1,241
4
28
112
_
_
_
_
4,279
69
_
*
_
_
-
*
*
*
*
599
3,250
-
*
♦
18
75
9
10
70
100
*
*
2,9*6
528
99
660
78
171
125
276
8
91
635
9*2
“
*
*
7,7*2
*
*
*
82
10
*
2
26
67
*
*
*
5
*
7
9
61
98
207
3,369
*
1
1,205
37
♦
1
524
28
1 ,78*
16,98*
1 ,8*7
5,056
3,2*7
*25
‘•0,660
64,202
»
52
30
1 ,05*
2
96
132
2,098
278
212
561
_
_
_
_
_
-
_
_
9,404
7,372
1
7.707
21
_
_
_
116,285
*
*
_*
*
_
_
V
-3
-1
*
1,217
_
*
1,788
436
_
3,441
*
_
-
1
_
_
-
*
32,58*
326
Total........................ 5*,9*1
Off-budget Federal agencies 3/
Housing for the Elderly or Handicapped
10,037
Rural Electrification Administration
revolving funds.................
*
Pension Benefit Guaranty
Corporation....................
7
Total Off-budget Federal
10,044
-
380
_
53,098
25
38,902
*,72*
21,222
17,9*9
1,399
7,398
_
_
_
_
41
3
*
*
_
-
8
*
3
>
*
_
_
_
-
334
2
75
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
58
2
-
_
58
_
_
2
_
_
_
-
_
-
_
_
-
_
_
_
_
_
86
629
52
111
1,283
960
726
68
5,654
-92
*
1
9,846
153
*
388
83
442
9
78
-
1,353
l,l6l
3,196
29,207
20,726
6,365
22,086
160,899
149,621
34,998
1,435
35
4,483
99
>89,89*
-
*
190
850
6
-
-
-
_
-
_
-
-
31
18
-
_
-
.
856
12,107
10,136
_
_
84
_
_
_
_
_
_
_
_
_
_
_
_
-
_
-1
-
*
-
-
-
-
-
-
-
1,244
-
-
-
-
-
-
-
-
-
*
*
1
*
3
*
*
-
-
-
7
-
-
-
-
-
*
52
30
1 ,05*
381
2
99
132
6
38
3,9*9
19,535
1,2*4
19
18
14,226
Includes reports for Library of Congress, jovemment Printing Office, and General Accounting
Office only.
Housing for the elderly or handicapped since Aug. 22, 1974, Postal Service since July 1, 1973, Rural Electri
fication Administration revolving funds since May 12, 1973, and Pension Benefit Guaranty Corporation since
Sept. 17, 1974.
84
1/
_
32,58*
326
9,*04
126,**0
7,253
8,202
3 ,**6
1
3,613
-
Source:
Reports on Obligations, Standard Forms 225, from agencies.
Note;
Agency shifts are shown in this table beginning with the periods of such shifts. Ihe amounts for the com
plete fiscal year are adjusted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government except
for the Department of Defense and Transportation Department, U.S. Coast Guard.
26,921
38,261
31,039
18,213
69
11*.503
2,505
_
Other independent agencies:
Other..........................
_
_
_
-
190
2,094
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
00
FY 1977
Object class
Ifcrttea, debase:
Personal services and benefits:
Personnel compensation......
Personnel benefits.
Benefits for former personnel.
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things...........
Rent, communications, and utilities..
Printing and reproduction......... .
Other services...................
Supplies and materials........... .
Acquisition of capital assets:
Equipment.... .......... ......
Lands and structures............. .
Investments and loans............ .
Grants and fixed charges:
Grants, subsidies, and contributions.
Insurance, claims and indemnities....
Interest and dividends...........
Refunds.......................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
Total national defease.
Hgn=flgfiengfi.;„
Personal services and benefits:
Personnel compensation......
Personnel benefits.........
Benefits for former personnel.
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things..........
Rent, communications, and utilities..
Printing and reproduction.........
Other services..................
Supplies and materials...........
Acquisition of capital assets:
Equipment.................... .
Lands and structures.............
Investment and loans.......... .
Grants and fixed charges:
Grants, subsidies and contributions.,
Insurance claims and indemnities....
Interest and dividends.......... .
^Refunds......................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered............... .
Total non-defense.
Grand total.
Sept.
3,127
324
658
Nov.
Oct.
2,834
295
701
Feb.
2,640
159
612
2,562
68
62
91
125
20
666
Mar.
Apr.
May
67
99
124
4
1,869
1,697
85
128
179
4
2,395
1,758
90
99
156
75
2,653
1,989
87
3
1,587
1,561
99
103
159
6
1,470
2,253
48
62
106
3
1,352
1,454
2
1,123
1,337
1,472
710
1,969
172
1,314
161
1,474
873
796
96
1,383
801
2,173
-1,004
1
1
15
-5
3
1
-1
10
1
1
6
2
2
2
6
3
2
2
5
11
17
3
88
393
7
8,751
3
1
207
8
-74
1,347
10
10,883
6,746
10,840
1,590
6
120
1,690
9
178
1,543
64
62
38
1,234
322
1,534
289
1,771
92
1,974
233
1,607
161
1,628
265
11
34
22
2
19
1
13
7
8
2
7
3
3
-15
-5
-122
-1
550
__ 7
12,070
534
__ 9
10,018
1
480
7
10,562
1
634
__ 9
-2
462
143
8
10
-95
573
8
9,904
9,605
10,434
11,292
1,606
-1
73
1,700
8
154
1,807
8
197
1,189
5
131
1,708
9
180
1,619
50
1,495
14
213
79
24
153
48
1,436
442
57
38
139
31
1,294
1,141
66
26
141
24
1,162
322
63
42
115
42
824
955
80
23
43
60
69
46
136
124
29
1,074
480
77
15
131
30
1,304
1,046
266
343
1,474
82
380
793
78
88
1,460
16,006
23,725
10,240
135
8,743
11,477
2,418
93
104
178
145
10
2,886
2,128
1,817
117
-2
21
111
3,018
143
701
2,472
1,794
1,683
151
2,505
131
705
6
10,226
119
132
2,832
127
698
2,089
1,762
__ 8
5,378
2,794
46
695
131
179
5
3,686
1,753
1
3,618
163
751
2,583
151
657
34
164
79
-4
2,437
1,933
4
3
Aug.
2,730
147
658
76
107
147
3
1,841
1,767
108
157
Sept.
July
8
2
6
6
110
121
562
666
8
119
23
-10
3
200
754
240
Comparable
Cumulative period
to date
FY 1976
35,311
1,698
8,262
31,763
4,021
7,494
1,028
1,422
1,673
50
25,422
21,254
875
1,663
1,623
86
a , 468
18,507
19,09e
2,848
14,694
2,608
56
74
108
42
169
121
33
28
76
-2,437
-92
10,646
121,752
1,777
7r
59
1,904
19,630
6
86
7,188
8,721
18,104
84
4,650
72
24
125r
30
l,352x
707
97
3,267
156
56
2,929
36,125
819
3,635
1,574
375
15,238
42,949
762
413
1,385
372
12,969
7,889
179r
8r
2,899
294
911
5,750
1,630
3,516
22,085
2,505
2,768
16,704
3,449
7
2,944
___24108,236
22
21
428
1,104
452
1,220
438
71
47
116
28
1,108
446
192
273
1,558
173
292
1,037
84
1,454
97
177
1,304
83
257
2,117
132
205
1,457
115
181
1,390
5,117
11,801
2,560
84
9,225
13,245
5,164
83
9,007
13,154
2,506
170
5,994
11,946
2,406
79
11,995
13,892
2,353
120
10,134
13,220
2,451
103
9,081
11,777
2,554
183
10,910
12,404
4,934
98
16,304
12,282
2,492r
25
8,373r
11,418
2,616r
162r
55,961
12,885
2,512
207
160,843
149,500
34,965
1,407
131,034
146,428
38,640
1,378
81
70
____ 6
18
49
455
50
-41
77
____ 7
34,555
-30
121
9
35,736r
538r
155
___ 10
34,275
-149
54
____ 7
28,798
30,512r 129,799
35
1,035
99
468,142
-2,199
1,171
__ 6
-618
75
____ 7
31,380
-675
216
____ 6
385,154
44,709
42,671
37,549
45,439
42,482r
4l,352r 140,446
589,894
493,391
258
33
1,24°
8
148
503
48
-36
71
__ 8
_ _ _ _ SL
12
56,414
28,454
25,168
33,690
30,579
25,198
66,640
40,524
35,186
44,252
40,483
34,803
10
126
27
616
409
120
597
10
s
GO
I
to
Less than $500,000.
Revised.
S
*
I
5
January 1978
19
.ACCOUNT OF THE U.S. TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit 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 tax and loan account system permits the Treasury to
the country.
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 this way the Treasury is able to neutralize the
A detailed description of the Treasury's depositary system
In most cases the transaction involves merely the transfer of
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 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(in millions of dollars)
Treasury operating balance 1/
End of
fiscal year
or month
1976-Dec........
1977-Jan........
Feb........
Mar........
May........
July.......
Sept.......
Oct........
Nov........
Dec........
Available funds in
demand accounts at:
Special
Federal depositaries, Other
Reserve Treasury tax deposi
banks
and loan
taries 2/
accounts
_
1,258
4,525
1,005
6,929
7,372
1,274
139
2,344
7,634
4,038
106
8,433
88
2,919
6,152
1,475
5,773
343
11,975
7
2,854
33,299
4,119
i5,740
3,364
10,393
11,397
12,179
7,149
13,628
5,836
15,183
1,277
1,292
8,789
6,115
15,740
6,398
2,562
7,114
1,365
948
3,364
.1,289
2,909
5,160
2,420
1,874
4,135
1,156
1,072
_
_
-
.
-
~
Total
Funds in process
of collection
through:
Time deposits
and other
interestbearing
demand
accounts
Federal
Reserve
banks
Other
deposi
taries 4/
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
393
355
419
252
243
276
369
235
I84
147
_
179
117
135
76
55
-18
31
158
218
187
54
41
19
35
70
195
175
11,670
12,688
14,599
9,023
17,763
6,992
16,255
70
-34
j-18
-15
-97
67
90
214
211
205
489
153
259
10,154
7,063
19,104
7,687
5,471
L2,274
167
162
147
179
328
185
3/
Source: Bureau of Government Financial Operations,
i/ Effective January 1972, ttye Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2 / Will not agree with Daily Treasury Statement due to rounding.
i j 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" columns.
-10
89
103
126
125
125
130
-38
2
31
*
-4
-1
162
202
175
168r
135
100
-46
Other
demand
accounts
1/
„
_
.
_
_
_
_
355
727
1,227
227
225
325
135
135
100
55
355
-30r
-30
-30
Coin
Miscel
currency
and coinage laneous
items
metal
553
277
441
471
586
602
752
819
818
717
760
796
808
746
729
716
721
710
727
717
694
676
658
Gold
balance
6/
Balance in
account of
the U.S.
Treasury
104
112
111
108
129
70
54
46
50
109
107
107
106
_
7,104
9,016
9,911
121
3
_4
4
4
1
*
-4
-3
-1
-2
3
-1
-5
-1
_
_
_
_
_
_
_
_
_
_
-
-
11,310
13,741
10,352
8,868
16,065
18,597
20,531
13,288
15,002
15,937
10,229
19,499
8,072
17,487
11,254
8,209
20,531
8,697
6,572
13,185
2 / Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
* Less than $500,000.
r Revised.
20
Treasury Bulletin
_________________________________ ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Elements of Changes in Federal Reserve and Tax and Loan Account Balances
__________________________________________________ (In millions of dollars)_____________________________________________________
Credits and withdrawals
Federal Reserve accounts 1/
Fiscal year
or month
Credits 2/
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1975.................
1976.................
T.Q.......... ........
1977.................
1976-Mar..............
1976-Dec..............
1977-Jan..............
Feb..................
Mar..................
Apr..............
May..............
June.................
July.............
Aug..................
Sept.............
Oct..................
Nov..................
Dec..................
Withdrawals 2 /
_
Tax and loan accounts
Proceeds from sales of securities 4/
Marketable
issues
_
-
-
725,280
810,481
209,758
875,071
68,537
74,209
62,615
72,365
77,084
84,249
79,473
83,004
57,888
73,727
82,727
62,974
72,685
75,460
Nonmarketable
issues 5/
Taxes 6/
Total
credits
2,678
2,603
2,578
2,849
3,314
3,270
3,104
3,366
3,676
910
3,908
361
309
355
341
369
351
345
313
320
348.
294
284
293
289
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
22,239
24,300
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
271,033
22,600
24,609
18,938
18,873
27,091
26,256
20,928
32,687
19,114
15,825
16,683
19,375
15,812
10,571
9,072
2,897
722,427
804,282
208,434
872,627
-
71,759
70,582
61,611
71,583
82,113
77,771
87,263
73,659
64,282
76,401
73,102
72,316
76,521
70,908
_
-
18,583
18,532
26,722
25,905
20,583
32,374
19,571
19,926
25,867
19,210
19,064
27,144
Withdrawals
(transfers to
Federal Reserve
accounts)
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
271,787
23,410
25,218
18,924
17,740
27,637
23,995
23,914
32,768
19,598
20,691
23,745
21,569
17,737
25,182
19,891
20,274
26,161
19,494
19,357
27,433
Balances
Fiscal year
or month
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
1976-Mar..............
1976-Dec
.#
1977-Jan..............
Feb..............
Mar............
Apr..............
May..............
June.............
July.............
Aug..............
Sept.............
Oct..............
Nov..............
Dec..............
End of period
During period
Low
High
Average
Federal
Reserve
Tax and
loan
Federal
Reserve
Tax and
loan
Federal
Reserve
Tax and
loan
Federal
Reserve
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
868
1,277
2,197
1,586
1,916
1,987
3,392
5,017
4,361
9,766
11,972
13,296
16,115
9,820
10,393
11,397
12,815
12,745
13,628
14,475
16,115
12,851
8,895
15,740
15,740
6,171
9,963
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,456
6,286
9
7
7
7
397
2
2
*
*
2,854
1,204
4,885
1,993
5,400
8,677
4,274
3,473
5,838
1,204
5,874
3,921
3,116
4,056
1,199
1,881
1,029
709
894
846
1,737
800
520
7
67
287
118
457
335
305
371
300
198
519
234
381
250
118
380
66
116
954
706
1,077
973
1,894
2,342
2,102
2,786
5,105
7,824
8,035
7,144
10,393
11,397
12;179
7,150
13,628
5,838
15,183
8,789
6,115
15,740
6,398
2,562
7,144
1,291
2,424
1,878
4,139
1,153
1,072
1,365
948
3,364
1,289
2,909
5,160
Source: Bureau of Government Financial Operations; figures are on basis
of telegraphic reports.
1/ Figures are from the revised Daily Treasury Statement, effective
July 1, 1974. Prior data not available.
2/ Represents transfers from Tax and Loan Accounts, proceeds from sales
of securities other than Government Account Series, and taxes.
2 / Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account
Series, etc.
U Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of U.S. Government secu
rities purchased by them for their own account, or for the account
of their customers who enter subscriptions through them, when this
method of payment is permitted under the terms of the circulars
inviting subscriptions to the issues.
3,233
4,229
2,891
3,023
5,860
6,286
4,771
5,463
2,496
2,803
5,714
3,364
2,909
5,542
7,653
6,138
7,850
10,699
8,577
7,369
10,996
7,057
8,843
6,025
6,956
6,627
2,399
5,640
Tax and
loan
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,410
1,519
1,402
1,406
1,475
1,940
1,311
1,727
1,234
1,351
2,147
1,519
1,169
2,219
5/ Includes United States savings bonds, savings notes, retirement plan
and tax and loss bonds. United States savings notes first offered
for sale as of May 1, 1967 and were discontinued after June 30, 1970.
Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
6/ 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 In
surance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax Act beginning July 1951; a number of excise
taxes beginning July 1953; estimated corporation income taxes
beginning April 1967; all corporation income taxes due on or after
March 15, 1968 and FOTA taxes beginning April 1970.
* Less than $500,000.
21
January 1978
ACCOUNT OF THE UJS. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces
1967............................
1968............................
1969............................
1970............................
1971............................
1972............................
1973............................
1974............................
1975............................
1976............................
1976-Dec........................
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
275,968,413.1
274,705,260.3
274,679,167.8
274,679,167.8
11,982
10,367
10,367
10,732
10,132
3977-Jan........................
Feb........................
Mar........................
Apr........................
May........................
June........................
July........................
Aug........................
Sept... ....................
Oct........................
Nov........................
Dec........................
276,112,683.9
275,932,372.6
275,600,972.4
275,599,358.6
275,430,016.9
275,220,009.8
11,658
11,650
11,636
11,636
11,629
11,620
11,870
10,256
10,256
10,623
10,019
10,303
11,460
11,652
11,599
11,598
11,598
11,658
11,650
11,636
11,636
11,629
11,620
274,625,554.2
274,625,554.2
274,625,047.2
274,625,047.2
274,625,047.4
277,544,111.9
11,595
11,595
11,595
11,595
11,595
11,719
11,595
11,595
11,595
11,595
11,595
11,719
Source: Daily Treasury Statement through June 1974; Bureau of Government
Financial Operations thereafter.
1/ Treasury gold stock which excludes gold held by the Exchange Stabili
zation Fund (ESF). See "International Financial Statistics," Table
IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968,when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
Balance of gold in
U.S. Treasury account
Dollars
10,410 2 /
11,567 2/
11,652
11,599
11,598
11,598
112
111
112
109
113
107
107
_
_
_
_
-
_
_
_
_
-
1968, and gold reserve against U.S. notes until March 18, 1968,when
it was transferred to the public debt also pursuant to P.L. 90-269.
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $33 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million. Gold assets were valued at $38 per fine troy ounce un
til October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
Treasury Bulletin
22
_____________________________________ MONETARY STATISTICS_______________________________________
Table MS-1. - Currency and Coin in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
1970.........................
1976.........................
Feb......................
Mar......................
July.....................
Sept..................
Oct......................
Nov......................
Federal
Reserve
bank
notes
Currencies Presently
being issued 1/
National
bank
notes
Gold
certifieates j/
Silver
certifW
cates
Federal
Reserve
notes 2 /
Treasury
notes of
1890
United
States
notes
57
55
54
53
52
51
50
50
49
49
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
3
3
3
3
3
223
220
218
215
213
212
211
210
209
208
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
294
297
321
320
320
321
322
322
322
317
49
49
49
49
49
49
49
49
20
20
20
20
20
20
20
20
20
20
20
20
20
3
3
3
3
3
3
3
3
3
3
3
3
3
209
209
209
209
209
209
208
208
1
1
1
1
322
320
320
319
319
319
319
318
208
208
208
208
208
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
*
*
*
49
49
49
49
49
1
1
1
Coin
318
318
317
317
317
Federal
Reserve
notes i j
Total
currencies
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
87,349
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
89,947
82,954
83,557
84^234
81,695
82,213
83,836
84,345
85,924
86,914
87,262
88,087
87,947
88,969
91,840
33,631
81,093
81,612
83,236
83,745
85,324
86,315
86,663
87,4^8
87,^49
88,372
91,243
Currency and Coin in
circulation
per capita
(in dollars) 6/
Fractional
coin
Total
Total Currency
and Coin in
circula
tion 2 /
1977..........................
482
482
482
633
705
765
816
941
951
999
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
#,877
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,244
9,348
9,876
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877
89,548
97,823
250.65
265.39
282.03
297.84
322.11
348.44
380.06
413.17
415.37
450.08
1976- Nov.......................
Dec.......................
1977-Jan.....................
Feb.......................
Mar.......................
Apr.......................
May.......................
June......................
JUly......................
Aug.......................
Sept......................
Oct.......................
Nov.......................
959
966
970
972
973
983
985
988
992
998
999
1,005
1,010
8,487
8,518
8,500
8,512
8,574
8,632
8,698
8,750
9,446
9,483
9,470
9,484
9,547
9,615
'9,683
9,739
9,786
9,856
9,876
9,931
10,016
93,003
93,717
430,78r
433.84
421.82
424.06
431.58
433.99
441.30
445.78
447.26
451.01
450*12r
454.76r
468.0^
End of
fiscal year
or month
1971..........................
1975..........................
Dollars
8,794
8,858
8,877
8,926
9,006
Source: Statement of Uhited 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.
2J Issued prior to July 1, 1929.
i j Issued on and after July 1, 1929.
91,164
91,697
93,383
93,960
95,606
96,652
97,048
97,943
97,823
98,900
101,856 j /
£/ Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
2 / Highest amount to date.
* Less than $500,000.
r Revised.
23
January 1978
FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
(In million of dollars)
Securities held by:
Amount outstanding
End of
fiscal year
or month
Public
debt
securi
ties 1/
Agency
securi
ties
1977...............
1976-Mar............
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
611,451
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
600,490
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,961
1976-Nov ............
Dec............
1977-Jan............
Feb............
Mar............
Apr............
May............
June...........
July...........
Aug............
Sept...........
Oct............
Nov............
656,282
664,794
664,852
674,280
680,141
681,905
682,965
685,249
684,592
695,485
709,138
707,693
718,232
644,639
653,543
653,907
663,348
669,207
671,023
672,109
674,425
11,643
11,250
1970...............
1971...............
1972...............
The public g /
Government accounts
Total 1/
673,864
685,174
698,840
697,403
707,972
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,312
10,298
10,290
10,260
Total
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
141,026
146,831
149,037
145,937
146,247
146,758
147,316
151,246
153,013
150,553
153,666
157,295
153,999
155,684
Source; Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
Public
debt
securi
ties
Agency
securi
ties
Total
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
139,067
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
Public
debts
securi
ties
Agency
securi
ties
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,998
9,730
8^493
9,002
I 'M
i U ’M
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
543,350
1,959
470,425
461,423
144,891
147,098
1,940
1,938
509,451
515,757
144,m
144,437
144,949
145,503
149,435
151,204
1,806
1,810
1,809
1,812
1,811
1,809
1,808
1,807
1,805
1,804
1,796
528,033
533,383
534,590
531,719
532,237
499,748
506,445
509,775
518,911
524,258
525,519
522,674
523,221
534,039
541,819
551,843
553,694
562,548
525,119
533,314
543,350
545,207
554,084
148,744
151,860
155,490
152,195
153,888
518,914
9,703
9,312
9,139
9,122
9,124
9,071
9,045
9,015
8,920
8,505
8,493
8,487
8,464
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amount in millions)
End of
fiscal year
or month
1971...............
1976-Mar............
1976-Dec............
1977-Jan............
Feb............
Mar............
Apr............
May............
June...........
Ally........
Sept...........
Oct,...........
Nov............
Dec............
Computed annual interest rate
Total
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
Total
interestbearing
public
debt 1/
351,729
369,026
396,289
425,360
456,353
473,238
532*122
619,254
633,560
697,629
599,224
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
44,481
38,018
4.891
5.557
5.141
5.093
5.872
6.560
6.352
6.436
6.478
652,457
652,980
662,320
668,216
668,509
670,958
673,389
671,386
684,081
697,629
696,301
706,973
715,227
NamnarketaMe
Marketable issues
total
Treasury Bills
-2/
Notes
Treasury
bonds
6.415
6.508
7.340
4.516
4.188
6.591
8.416
6.253
5.819
5.784
5.656
5.935
40,845
6.312
6 .4I8
5.387
7.279
5.872
5.551
6.565
40,687
6.281
6.269
6.308
6.304
6.305
6.330
6.352
6.384
6.374
6.338
6.322
6.315
6.312
6.354
6.388
6.425
6.481
6.572
6.649
6.714
5.276
5.211
5.167
5.132
5.141
5.234
5.324
5.458
5.656
5.908
6.098
6.302
7.265
7.211
7.196
7.193
7.150
7.142
5.877
5.930
5.935
5.938
6.020
6.025
6.071
6.117
6.120
6.123
6.185
6.188
5.548
5.552
5.581
5.579
5.573
5.586
6.564
6.618
6.856
6.859
6.865
6.852
5.580
5.587
5.603
5.609
5.612
5.619
6.870
6.899
6.921
6.937
6.973
6.984
41,201
41,829
41,824
41,990
42,313
42,329
43,348
44,481
44,813
45,892
46,722
6.486
6.544
6.587
Source: Bureau of Government Financial Operations.
Note: .She computed annual interest charge represents the amount of interest
that would be paid i f each interestfbearing issue outstanding at the
and of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for a ll interest-bearing issues comfetitutes the
total computed annual interest charge. The average annual rate i s computed
iQr dividing the computed annual interest charge for the total, of for
any group of issues, by the coresponding principal amount.
Beginning with data for December 31, 1958, the computation i s based on
6.420
6.519
6.312
6.412
6.529
7.058
7.352
7.356
7.066
7.323
7.139
7.092
7.066
7.065
7.068
7.067
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
6.120
5.586
Government
account
series
5.232
5.986
5.210
5.099
6.129
7.030
6.533
6.559
6.591
6.481
6.568
6.424
5.668
Other U
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
5.603
5.126
4.555
5.235
5.375
5.475
5.880
6.430
6.614
6.789
6.871
6.921
6.708
the rate of effective yield for issue sold at premiun or discount.
Erior to that date i t was based an the coupon, rate for a ll issues.
2/ As of July 19/4, includes Federal Financing Bank.
2 / Excludes Federal Financing Bank.
2/ Included in debt outstanding at face amount, but discount value i s
used in computing annual interest charge and annual interest rate.
{J On United States savings bonds the rate to maturity is applied
against the amount outstanding.
3 / As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.,
the column heading was changed to "Government account series'1 which
includes Treasury deposit funds in addition to those accounts pre
viously shown as special issues.
24
Treasury Bulletin
___________ FEDERAL DEBT_________
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Marketable
End of
fiscal year
or month
Total
interestbearing
public
debt
Bills
Toxal
1/
Treasury
notes
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
652,457
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
385,296
421,276
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161,505
156,091
163,140
163,992
78,946 '
93,489
104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
652,980
662,320
668,216
668,509
670,958
673,389
July...... 671,386
Aug...... 684,081
Sept...... 697,629
Oct...... 696,301
Nov...... 706,973
715,227
423,995
431,607
435,379
434,065
431,447
431,149
430,248
438,146
443,508
447,435
454,862
459,927
164,005
164,175
164,264
161,977
157,931
155,064
154,227
154,283
156,091
156,174
156,656
161,081
219,474
225,856
229,625
230,655
230,230
232,885
231,371
238,084
241,692
245,587
251,104
251,800
1969.........
1970.........
1971.........
1972.........
1973.....'.....
1974.........
1975.........
1976.........
1977.........
1976-Mar......
1976-Dec......
1977-Jan......
Feb......
Mar......
Apr......
May......
June......
183,143
216,669
Nonmarketable
U.S.
savings
bonds
Invest
ment
series
Depos
itary
series
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
254,121
213,928
231,181
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
68,567
71,853
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2,247
28
25
23
22
19
16
16
9
9
7
10
8
228,985
230,714
232,837
234,444
239,511
242,240
72,234
72,640
73,037
73,457
73,908
74,282
2,262
2,262
2,248
2,248 '
2,248
2,248
8
8
9
9
8
8
241,138
245,935
254,121
248,866
252,111
255,300
74,803
75,059
75,4H
75,816
76,224
76,602
2,247
2,247
2,247
2,247
2,246
2,246
8
8
7
7
7
8
Treasury
bonds
Total
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45,724
39,014
40,615
40,516
41,576
41,490
41,433
43,286
43,200
44,650
45,778
45,724
45,674
47,102
47,045
Source: Monthly Statement of the Public Debt of the United States.
I/ As of July 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, Treasury bonds beginning September 1964, and Treasury
bills beginning March 1975, sold to foreign government for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962-April 1967; and
2,264
2,262
Foreign government
series
Dollar
Foreign
denomi
currency
nated 2/ denomi
nated 3/
1,703
2,367
1,366
3,389
7,606
1,664
2,072
16,913
26,781
1,743
23,412
1,599
21,617
1,599
19,901
1,599
19,215
1,599
20,510
1,289
20,070
1,599
1,546
20,753
1,520
20,689
20,575
1,494
20,617
1,461
20,469
1,434
1,408
20,423
20,357
1,375
20,197
1,348
20,055
1,315
20,510
1,289
19,861
1,262
1,210
20,455
21,018
1,169
Govern
ment
account
series
Other
u
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
119,438
564
1,656
3,389
1,322
1,407
2,002
1,361
2,611
3,419
14,543
1,980
129,744
126,810
127,770
128,192
128,992
133,029
134,754
132,447
136,329
140,113
136,890
138,580
139,774
5,014
5,461
5,965
7,272
7,835
8,487
9,217
10,087
10,921
14,543
12,785
13,389
14,483
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
4/ As of the July 31, 1974, Monthly Statement of the Public Debt- of the
U.S. the column heading was changed to PGovernment account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
End of
fiscal year
or month
1971..................
1975..................
1976-Mar...............
197b-Nov...............
Dec...............
1977-Jan...............
Feb...............
Mar...............
May...............
July..............
Aug...............
Oct...............
Nov.................................
Amount
outstanding
privately
held
(In millions of dollars)
Maturity classes
Within
1 year
5-10
years
1-5
years
18,078
8^286
14,503
16,033
16,385
14,197
15,385
24,169
31,247
33,067
21,538
50,182
57^035
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113,319
156,008
157^910
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
69,311
76*443
74,803
79,509
84,041
87,150
115,677
151,723r
153,302
161,329
276,434
307,309
307,820
3135497
319,982
323,604
318,699
318,619
313,485
316,177
325,001
326,674
338,290
343,870
154,258
86,214
158,422
157,453
162,633
165,942
166,427
162,419
162,211
157,353
160,332
161,932
161,329
167,699
169,552
101,684
103,742
101,626
106,685
109,983
106,929
106,823
107,000
31,349
31,017
33,688
31,204
31,155
33,469
32,658
32,442
32,521
33,260
33,067
35,913
32,858
105,255
110,681
113,319
115,744
121,346
Source: Office of Government Financing in the Office of the Secretary.
2 / Beginning with the September 1976 Treasury Bulletin the average length
r
10 - 20
years
m
6,357
6,358
8,741
9,930
8,857
8,087
7,939
8,428
8,350
7,511
7,399
7,342
7,291
,7,236
7,172
7,180
7,092
8,440
8,428
8,406
8,364
20 years
and over
W
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
6,074
8,345
8,209
8,208
8,860
8,803
8,709
9,746
9,598
9,628
10,616
10,531
10,529
11,750
Average length 1/
\
yrs.
yrs.
3 yrs.
3 yrs.
3 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 mos.
8 mos.
6 mos.
3 mos.
1 mos.
11 mos.
8 mos.
7 mos.
9 mos.
11 mos.
5 mos.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
10 mos.
9 mos.
9 mos.
9 mos.
9 mos.
9 loos.
11 mos.
10 mos.
10 mos.
0 mos.
11 mos.
10 mos.
0 mos.
2
3 Jrs.
of the interest-bearing marketable public debt i s computed on that
part of the outstanding public debt privately held.
Revised.
.FEDERAL DEBT.
Table FD-5. - Government Account Series
(In millions of dollars)
End of
fiscal year
or month
1971...........
1973..........
1976-Mar.......
1976-Dec........
1977-Jan........
Feb........
Mar........
Apr........
May........
June.......
July.......
Aug........
Sept.......
Oct........
Nov...... .
Dec........
End of
fiscal year
or month
Total
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
119,438
129,744
126,810
127,770
128,192
128,992
133,029
134,754
132,447
136,329
140,113
136,890
138,580
139,774
Airport and Exchange
Stabilization
Airway
trust fund Fund
_
-
-
1,242
878
1,936
2,529
2,712
3,246
2,338
1,424
2,934
2,364
1,451
1,512
1,529
2,050
1,501
2,966
2,050
3,005
3,068
3,129
3,176
3,235
3,377
3,428
3,378
3,246
3,288
3,306
3,449
2,049
1,993
1,978
2,130
2,059
2,048
2,022
2,049
2,050
2,047
2,026
2,077
Federal Supp. Federal Sav
nedical ins. ings and Loan
trust fund Insurance
Corporation
Government
life insur
ance fund
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability Federal
Federal Home
insurance Energy
trust fund Administration Loan Banks
120
74
156
274
263
436
1,367
2,692
3,429
4,829
2,352
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
39,607
46,631
34,907
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
6,598
3,559
3,657
4,153
4,171
4,189
4,327
4,331
4,350
4,825
4,829
4,251
4,359
4,486
40,073
39,850
39,618
39,342
38,997
38,702
39,956
5,437
5,254
5,013
4,910
4,881
4,720
4,728
39,613
39,344
46,631
46,241
45,952
47,048
4,394
4,181
3,941
3,474
3,139
3,075
National
Highway
service life Postal
trust fund insurance
service fund
fund
_
_
-
1,712
1,704
_
_
_
-
-
Railroad
retirement
accounts
73
80
89
139
81
129
907
1,593
1,885
2,535
1,491
842
797
758
717
690
651
604
569
560
526
568
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
10,079
5,754
5,915
6,068
6,155
6,427
6,605
6,716
6,931
6,956
7,250
1976-Mar.......
358
13
257
478
700
' 531
1,378
1,230
1,244
2,232
1,381
8,717
6,749
584
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715
2,684
2,362
1976-Dec........
1,848
562
2,296
2,682
1,854
1,957
2,006
2,017
2,079
2,207
July.......
Aug........
2,293
2,469
2,232
1,925
2,984
3,226
8,885
9,055
9,207
9,380
9,510
9,643
9,914
10,104
10,135
10,079
10,029
10,042
10,387
7,162
1977-Jan........
Feb........
Mar........
Apr........
May........
June.......
2,039
2,076
2,184
2,201
2,219
2,201
2,225
2,247
2,521
2,535
2,549
2,633
2,658
7,223
7,213
7,190
7,043
7,039
7,245
7,248
7,252
7,250
7,249
7,251
7,465
2,063
1,908
2,190
2,259
1,765
1,923
1,761
1,663
978
2,620
2,636
2,916
2,469
2,489
2,325
2,022
1,993
3,124
2,841
2,858
2,684
2,417
2,437
2,359
1970..........
1972..........
1973...........
1975...........
1976..........
T.Q...........
Oct........
Dec........
558
’ 553
547
529
526
537
534
529
526
523
519
528
Source: Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1974 title of this table was "Special Public Debt
Issues”.
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen'^ group life insurance fund from August 1969-January 1973;
employees health benefits fund beginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court Judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
*
_
-
963
820
385
53
277
771
978
52
199
44
62
*
_
-
_
_
_
-
Treasury
deposit
funds
_
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
1,890
2,583
2,980
2,834
4,172
7,834
9,711
10,892
10,959
10,924
10,525
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
32,232
10,641
10,378
10,370
11,216
11,035
11,135
11,488
31,270
11,151
11,145
10,924
10,526
10,820
11,130
30,145
30,180
30,430
31,271
32,963
31,872
30,620
32,352
31,333
29,086
29,037
28,339
Unemployment
trust fund
Other
1/
904
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345
3,603
530
414
484
585
655
1,199
2,127
2,470
4,332
5,076
6,533
3,992
816
2,171
5,283
783
743
715
726
718
693
726
659
736
744
727
798
1,245
1,438
771
1,231
3,911
3,167
3,087
4,450
3,603
3,335
3,878
3,106
5,143
5,682
5,691
5,754
6,009
5,913
6,022
6,516
6,533
6,581
6,829
6,724
_
_
_
-
836
790
780
736
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NQAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HUD), and the
U.S. Amor general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessment fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Sederal Financing Bank; National Archives Gift FundJ Public Health
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval
Academy
Fund; U.S. Naval Academy Miseum Fund; War Risk Revolv*
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman Memorial schol
arship fund; Special Investment Account.
Less than $500,000.
26
Treasury Bulletin
.FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
T.Q...................
1976-Mar...............
1977-Jan...............
Feb...............
Mar... ...........
May...............
June..............
July..............
Aug...............
Sept...............
Oct...............
Nov...............
Total
amount
outstanding Family housing
and homeowners
1/
assistance
Housing and Urban
Development Department
Other independent agencies
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
Export-Impart
Bank of the
United States
Federal
Home Loan
Bank Board
6
6
6
5
5
10
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,961
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1,136
1,016
1,194
577
517
487
454
412
408
487
581
578
579
587
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
4,200
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,693
3,591
2,858
2,653
11,643
11,250
1,117
1,113
1,095
1,086
1,077
1,068
1,059
1,044
1,035
1,024
1,016
1,006
991
585
575
579
581
592
598
594
588
4,145
4,120
3,568
3,366
3,845
3,845
3,845
3,803
3,803
3,803
3,768
3,768
3,768
3,768
3,768
3,349
3,343
3,342
3,337
3,323
3,313
3,266
2,863
2,858
2,857
2,840
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,312
10,298
16,290
10,260
583
579
579
583
585
-
-
_
_
Postal
Service
Tennessee
Valley
Authority
Other
250
250
250
250
250
250
250
250
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1,975
1,825
2,075
3
3
3
3
3
3
2
250
250
250
250
250
250
250
250
1,975
1,825
1,825
1,825
1,825
1,825
1,825
1,825
2
2
2
2
2
2
2
2
250
250
250
250
250
1,825
1,825
1,825
1,825
1,825
2
2
2
2
2
_
-
2
2
2
2
Memorandum - Interest-bearing
securities of non-Government agencies 4/
End of
fiscal year
or month.
Banks for
cooperatives
2/
Federal home
loan banks
i/
Federal
intermediate
credit banks
1/
Federal
land
banks
Federal
National
Mortgage
Association
2 / 6/
District of
Columbia
Stadium
Fund
l,4H
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
4*061
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19,111
19,206
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
11,693
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
16,566
18^719
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
31,491
20
20
20
20
20
20
20
20
20
20
1976-Mar...............
3,808
19,960
9,557
15,346
30,021
20
1976-nov ...............
4,207
4,330
4,425
4,695
4,899
5,254
5,113
4,948
18,856
18,861
19,055
18,444
18,483
18,535
18,908
18,977
10,669
10,494
10,631
10,556
10,670
10,990
11,174
11,418
17,127
17,127
30,143
30,565
17,304
17,304
17,304
18,137
18,137
18,137
30,394
30,143
30,392
30,684
30,843
31,378
20
20
20
20
20
20
20
20
4,604
4,356
4,061
4,052
4,208
18,912
19,240
19,206
19,368
19,911
11,654
11,786
11,693
11,623
11,421
18,719
18,719
18,719
19,118
19,118
31,566
31,301
31,491
31,572
31,333
20
20
20
20
20
1977-Jan...............
Feb...............
Mar...............
May...............
July..............
Oct...............
Nov....... .......
Source:
Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
MOte: The ExportsImport Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to re
flect certain Export-Import Bank borrcaring transactions new classified
as agency debt. These transactions were previously reported as offbudget negative outlays.
2 / Includes unredeemed matured securities outstanding on which interest
2 / Effective September 30, 1963, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-44#).
2 / Effective December 31, 1968, banks far cooperatives and Federal in
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
A/ Far details of securities outstanding, see Table TS0-5.
jj/ Includes Federal Home Loan Mortgage Corporation mortgage backed bonds
beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
January 1978
27
FEDERAL DEBT
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Participation certificates issued by GNMA acting as trustee
Agriculture
Department
fiscal year
or month
Sales
1970...............
1971...............
1972...............
1976...............
1976-Mar............
1976-Nov.............
Dec.............
1977-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June............
July............
Aug.............
Sept............
Oct.............
Nov.............
Export-Import Bank
of the United States
Retire Out
standing Sales
ments
.
2,181
2,181
-
-
-
-
-
-
-
-
-
-
-
-
_
-
_
_
-
_
_
-
-
-
-
“
-
-
-
Retire Out
ments standing
369
321
268
608
42
327
_
_
-
1,814
1,493
1,226
618
576
249
249
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
Sales
Retire Out
ments standing
Retire Out
Retire Out
Sales ments
standing Sales ments
standing
1,330
630
1,280
1,315
1,085
440
110
110
80
35
377
_
25
275
42
35
-
225
_
_
_
_
_
-
-
-
-
-
_
-
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
4,200
4,145
4,120
3,845
3,845
3,845
3,803
3,803
3,803
3,768
3,768
3,768
3,768
3,768
184
401
80
168
24
_
41
_
-
_
41
_
_
-
-
_
_
_
_
-
_
~
1,166
765
685
517
493
493
492
492
492
451
492
492
492
End of
fiscal year
or month
Office of Secretary 1/
Sales
1969...............
1976-Mar............
1976- Nov............
Dec............
1977-Jan............
Feb............
Mar...... .....
Apr............
May............
June...........
July...........
Aug............
Sept...........
Oct............
Nov............
640
-
-
Government National
Mortgage Association 4/
Out
Retire standing Sales
ments
27
324
963
405
34
7
7
-
2,433
2,109
1,146
741
707
707
707
707
707
700
707
707
707
700
700
700
700
700
700
700
700
700
700
700
140
-
-
-
-
Setire- Out
standing
nents
134
190
81
193
95
65
70
41
19
165
_
12
117
20
16
-
-
_
-
-
Small Business
Administration J5/
Sales
1,897
1,707
1,626
1,433
1,338
1,273
1,204
1,164
1,145
980
50
_
_
-
1,174
_
-
1,145
1,133
1,016
1,016
1,016
996
996
996
980
980
980
980
980
Source:
Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
2 / Includes College Housing, Housing for the Elderly, and Public Facility
programs.
A / Includes Special Assistance, and Management and Liquidating programs.
_
Veterans
Administration 6/
Retire Out
ments
standing Sales
203
225
91
206
41
_
102
_
102
_
-
_
-
_
_
_
-
-
-
-
_
_
1,007
782
691
485
444
444
444
444
444
342
444
444
444
342
342
342
342
342
342
342
342
342
342
342
260
_
_
_
_
_
_
_
-
79
136
99
107
243
45
41
40
16
54
_
-
13
_
_
_
_
_
_
22
_
_
-
19
_
_
_
8
-
_
_
-
_
-
8
_
_
_
-
-
3
3
2
6
2
_
_
_
_
_
-
-
_
_
_
-
212
209
207
201
199
199
198
198
198
190
198
198
198
190
190
190
190
190
190
190
190
190
190
190
(Msnorandum)
Commodi.ty Credit Corp.
(net cesrtificates of
interesit authorized under
Chartei»Act) 7/
Retire Out
Retire Out
Sales ments
standing
standing
ments
„
_
15
_
_
_
_
_
-
_
451
45,1
451
451
451
451
451
451
451
451
4$L
Participation certificates issued by GNMA acting as trustee - Continued
Housing and Urban Development Department
Health, Education,
and Welfare
Department 2/
Farmers Home
Administration 1/
Total
Commodity Credit
Corporation
_
_
_
_
1,885
1,749
1,650
1,543
1,300
1,255
1,214
1,175
1,159
1,105
1,186
667
1,159
1,146
1,146
1,146
1,146
1,124
1,124
1,124
1,105
1,105
1,105
1,105
1,105
1,590
_
_
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
„
_
_
_
-
-
_
_
_
_
_
_
_
_
_
_
_
2 / Includes programs far Disaster Loans, and Business Loans and Invest
ments.
6/ Includes Direct Loan and Loan Guaranty programs.
2 / In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
_
_
28
Treasury Bulletin
________________FEDERAL DEBT____________
Table FD-8. - Debt Subject to Statutory Limitation
C m millions of dollars)
End of
fiscal year
or month
1971..................
1972...................
1976-Mar...............
1976-Dec...............
1977-Jan...............
Feb...............
Mar...............
Apr........ ......
May...............
June........... .
July..................
Sept...............
Oct...............
Nov...............
Dec.......... .....
Statutory
debt
limit
377,000
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
700,000
627,000
682,000
682,000
682,000
682,000
700,000
700,000
700,000
700,000
700,000
700,000
752,000
752,000
752,000
Debt outstanding sub
ject to limitation
Interest-bearing debt
subject to limitation
Other debt
Non-interest-bearing debt
subject to limitation
Total
Public debt
1/
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
635,822
699,963
601,619
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
698,229
599,877
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
1,734
1,742
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
1,734
1,742
530
437
389
453
343
380
443
566
529
600
825
825
825
825
825
825
653
-
654,662
652,932
653,295
662,736
668,596
670,411
671,497
673,814
673,252
684,562
698,229
696,792
707,361
718,332
1,730
652,457
652,979
662,320
668,216
668,509
670,958
673,389
671,386
684,081
697,629
696,301
706,973
715,227
1,730
475
316
416
380
1,902
539
425
1,867
482
600
491
388
3,105
_
655,029
664,473
670,343
672,164
673,246
675,557
674,991
686,297
699,963
698,530
709,101
720,068
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 Finance for fiscal 1976. For a summary
of legislation on debt limitation tinder the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
1 /2 J
1,734
1,736
1,748
1,753
1,749
1,743
1,738
1,734
1,734
1,738
1,740
1,736
Public debt
Other debt
1,734
1,736
1,748
1,753
1,749
1,743
1,738
1,734
1,734
1,738
1,740
1,736
Public debt
1/
Other debt
1/
-
-
_
_
_
-
1/ Adjusted to exclude notes to IMF and other international lending or
ganization from public debt and include them in "Other debt” to
conform with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
January 19 J8
29
.FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitations
The Second Liberty Bond Act (31 U.S.C. 757b), as amended, provides that the face amount of obligations issued under
The Act of June 30, 1967 (Public Law 90-39) provides
that the face amount of beneficial interests and participa-
authority of that Act, and the face amount of obligations
tions issued under section 302 (c)
guaranteed as to principal and interest by the United States,
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
of the Federal National
$400 billion outstanding
the fiscal year 1968 and outstanding at any time shall be
Public Law 95-120 provides that beginning
added to the amount otherwise taken into account in deter-
on October 4, 1977, and ending on March 31, 1978, the public
debt limit shall be temporarily increased by $352 billion.
mining whether the requirements of the above provisions are
met
shall not exceed in the aggregate
at apy one time.
Part A. - Status Under Limitations* December 31, 1977
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding........................................................... ..........................
Less amounts not subject to limit:
.
Treasury.................. .............................................................................
Federal Financing Bank....................................................................................
Total public debt subject to limit............................................................................
Other debt subject to limit:
Guaranteed debt of Government agencies.........................................................................
Specified participation certificates..........................................................................
$718,943
(*)
718,332
601
.... 1,135
Total other debt subject to limit.............................................................................
Total debt subject to limit............................... .................... ......................................... 720,068--Statutory debt limit............................................................ .............................. ......... 752,000
Balance of statutory debt limit...................................... .............. ....................................31,932
Part B. - Application of Statutory Limitations, December 31, 1977
(In millions of dollars)
Classifications
Amount outstanding
Interest-bearing debt:
Marketable:
Bills:
.............................
$161,081
.............................
251,800
........................
47,045
459,927
Notes:
Bonds:
Nonmarketable:
.........................
Foreign government series:
Dollar denominated...... ............. .............. ...................... ....................
.............................
.............................
Government account series................. ............................... .
Investment series............................. ..................... ........ .............................
R.E.A. series...... .................... .................................. .............................
.............................
United States individual retirement bonds.............. ........... ............. .............................
...........................
United States savings bonds.................................................. .............................
.............................
Total nonmarketable... ...................................... .............. .............................
Non-interest-bearing debt:
Matured debt........................................................... .
.............................
Total non-interest-bearing debt................ ..................... ........... .............................
Source: Ifonthly Statement of the Public Debt of the United States.
* $500 thousand or less.
8
21,018
1,169
139,774
2,246
5
13,906
33
146
76,602
393
255,300
715,227
2,969
748
3.716
718,943
30
Treasury Bulletin
FEDERAL DEBT
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
1976-Mar...........
1976-Dec...........
1977-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
July.............
Aug...........
Sept.............
Oct..............
Nov..............
Dec..............
Total
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53,091
57,374
66,353
52,600
59,232
60,702
60,407
61,742
61,808
61,558
60,123
62,177
64,662
66,353
68,445
70,169
72,134
Agency
for
Inter
national
Develop
ment 1/
544
512
451
416
374
327
233
-
_
-
-
Federal
Federal
Financing Home Loan
Bank
Bank Board
_
-
-
-
602
13,466
22,413
25,884
35,418
1,247
1,534
1,491
-
„ 21,706
28,811
29,848
30,328
31,312
30,822
31,007
30,820
1,534
1,172
900
-
-
32,444
33,800
35,418
36,722
37,095
38,580
-
Agriculture Department
Secretary:
Rural
Farmers
Commodity
Electri
Home
Credit
fication Adminis
Corpo
Adminis tration
ration
tration
Programs
2/
12,115
5,045
1,583
5,328
12,262
1,416
11,977
5,746
1,391
11,501
1,606
6,051
1,610
10,864
6,563
8,608
6,963
2,545
5,046
1,482
7,409
2,840
7,512
1,717
3,556
7,409
1,867
6,128
1,922
7,865
2,497
7,409
1,682
3,505
3,983
4,071
4,288
4,725
4,223
4,512
7,514
7,609
7,609
7,609
7,609
7,765
7,765
1,892
7
1,892
1,892
1,922
1,922
1,922
1,922
5,017
5,697
6,128
6,925
8,181
8,507
7,765
7,865
7,865
7,865
7,888
7,903
1,922
1,922
1,922
1,922
1,922
1,922
7
32
66
160
45
17
21
409
3
3
3
5
Rural
Telephone
Bank
Govern
ment
National
Mortgage
Assn. J/
Other
6/
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
1976-Mar...........
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5,907
4,908
6,999
15
10
223
665
1,641
2,462
3,677
4,666
4,878
3,529
4,463
110
1976-Dec...........
1977-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June...........
5,134
5,173
5,181
5,200
5,198
5,214
5,078
4,878
4,964
4,964
5,008
5,008
5,008
3,629
3,629
3,629
3,529
3,529
3,529
3,609
252
252
252
252
252
252
252
252
252
252
252
252
252
July..........
Sept..........
Oct...........
4,948
4,903
4,908'
4,898
4,928
4,931
1/
720
1,586
783
1,743
1,888
2,457
207
11
73
3
63
Housing,and Urban Development
Department-Continued
Interior
Department
End of
fiscal year
or month
ExportInrport
Bank of
the
United
States
Helium
fund
-
Ten
nessee
Valley
Author
ity
Transpor
tation
Dept.
Saint
Lawrence
Seaway
Develop
ment
Corp.
Housing and Urban
Development Department
Office of the Secretary
College
housing
loans
950
Urban
renewal
fund
1,400
600
800
800
800
800
800
800
800
800
800
49
132
191
201
234
172
133
133
130
127
123
121
120
118
118
116
118
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
201
201
202
205
208
212
216
150
150
150
150
150
150
150
116
116
116
116
116
116
116
228
230
234
234
234
234
150
150
150
150
150
150
116
116
116
116
115
115
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
-
207
251
252
252
252
251
252
252
251
-
220
260
352
333
351
414
455
124
149
264
120
2,811
2,811
2,811
2,811
2,811
2,811
2,811
800
800
800
800
800
800
163
170
170
176
199
207
208
2,811
2,811
2,811
2,811
2,811
2,811
800
800
800
800
800
800
246
250
264
265
309
361
Veterans
Adminis
tration:
Direct
loan
program
100
100
100
100
100
100
150
150
150
150
150
140
400
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
2,811
Other
u
800
Under
Defense
Produc
tion
Act
of 1950
Other
8/
1/
2,032
1,996
2,010
2,010
2,014
2,015
2/
2/
2/
2/
_
_
_
_
_
_
-
_
_
_
_
-
38
43
43
43
63
43
44
98
97
223
94
97
97
97
97
97
97
97
98
98
223
223
223
224
31
January 1978
.FEDERAL DEBT.
Footnotes to Table FD-10.
Source:
Bureau of Government Financial Operations.
Note: Tnese securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts tinder congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1976 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 400-404, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812815.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2 / Includes securities transferred from the Reconstruction Finance
Corporation.
{ J Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
2 / Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals Explo
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NQAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974; Federal Railroad Administration, rail service assistance, beginDepartment of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977.
Bonneville Power Administration beginning September 30, 1977;
2 / Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
32
Treasury Bulletin
FEDERAL DEBT
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, December 31, 1977
(in millions of dollars)
Title and authorizing act
Bonneville Power Administration,
act of Aug, 20, 1937 as amemded:
Advance.................. ................
Commodity Credit Corporation,
act of Mar. 8, 1938 as amendedr
Advances..................................
Do......................................
Do......................................
Do......................................
Do......................................
Do......................................
Do....... ..............................
Do......................................
Do......................................
Do......................................
Date of issue
Date payable
Sept. 30. 1977
Sept. 30, 1979
Various dates
do
do
do
do
do
do
do
do
do
Jan.
Oct.
Interest payable
Rate of
interest
Percent
1, 1978
1, 3977
do
do
do
do
do
do
do
do
March 31, Sept. 30
6.73
July 1, Jan. 1
do
do
do
do
do
do
do
do
None 1/
5
5 1/8
5 1/2
5 3/4
6 1/4
5 7/8
6 1/2
6 7/8
7
Total.....................................
District of Columbia:
Stadium sinking fund, Armory Board, act of
July 28, 1958, as amended:
Note...................................
Export-Import Bank of the United States,
act of July 31, 1945, as amended:
Notes, Series 1978.........................
Do......................................
Total...................................
Federal Financing Bank, act of Dec. 29, 1973:
Advances..................................
Federal Housing Administration, act of Aug. 10, 1965:
General insurance fund:
Advance..................................
Do.....................................
Advances..................................
Do.....................................
Do.....................................
Do.....................................
Advance... ......................... .....
Do.....................................
Advances..................................
Advance..................................
Do.....................................
Do.....................................
Subtotal................................. .
Special risk insurance fund:
Advances...................................
Do.....................................
Advance.... ....................... .......
Do.....................................
Do..**..................................
Do.....................................
Do.....................................
Advances..................................
Do......... ............................
Do.....................................
Do.....................................
Advance..................................
Advances................................ ..
Do.....................................
Do.....................................
Footnotes at end of table.
125
167
790
271
993
395
617
1,217
1,014
1,283
1,760
8,507
Dec. 1, 1973
When funds are
available
At maturity
Various
1
Various dates
do
June 30, 1978
March 1, 1978
June 30, Dec. 31
At maturity
4 3/4
6.31
4
Various dates
Various dates
At maturity
Various
Jan. 31, 1974
Mar. 31, 1974
Various dates
do
do
Oct. 31, 1974
June 30, 1975
Oct. 31, 1975
Various dates
Oct. 31, 1971
do
do
Jan. 31, 1989
Mar. 31, 1989
Various dates
do
do
Oct. 31, 1989
June 30, 1990
Oct. 31, 1990
Various dates
Oct. 31, 1986
do
do
At maturity
do
do
do
do
do
do
do
do
do
do
do
7
7
7
7
8
8
8
8
8
7
7
7
Various dates
do
Feb. 28, 1973
Various dates
Sept. 30, 1973
Nov. 30, 1973
Mar. 31. 1974
Various dates
do
do
Oct. 31, 1974
June 30, 1975
Oct. 31, 1975
Various dates
Oct. 31, 1971
Various dates
do
Feb. 28, 1988
Various dates
Sept. 30, 1988
Nov. 30, 1988
Mar. 31, 1989
Various dates
do
do
Oct. 31, 1989
June 30, 1990
Oct. 31, 1990
Various dates
Oct. 31. 1986
June 30, Dec. 31
do
do
do
do
do
do
do
do
do
do
do
do
do
do
7
6 1/4
6 5/8
6 3/4
7 1/2
6 7/8
7 1/4
7 5/8
7 7/8
8
8 3/8
8 1/4
8 1/2
8 l/«
7 3/4
2
5
1/4
5/8
7/8
3/8
1/4
1/2
1/8
1/2
1/4
3/4
38,580
50
84
314
385
171
142
202
160
273
44
86
20
-JL,932...„,
Subtotal...... ............................
Total Federal Housing Administration............
Government National Mortgage Association,
act of Aug. 2, 1954, as amended:
Emergency home purchase assistance fund:
Advances....... ....... ...................
Do.....................................
Do.....................................
Do.....................................
Principal
amount
38
34
86
276
36
68
90
224
214
169
99
75
60
148
60
1,677
3,609
Various dates
Various dates
do
do
July 1, 1979
Various dates
do
July 1, 1981
Jan. 1, July 1
Jan. 1, July 1
do
do
7
7
7
7
3/4
5/8
1/2
1/4
150
203
42
18
33
January 1978
.FEDERAL DEBT
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury. December 31, 1977—Continued
(In millions of dollars)
Title and authorizing act
Government National Mortgage Association,
act of Aug. 2j 1954— Continued
Do...........................
Do...........................
Do...........................
Do...........................
Do...........................
Do...........................
Do.
Date of issue
Date payable
Interest payable
Rate of
Interest
Principal
amount
Percent
Various dates
do
do
do
do
do
do
Various dates
do
do
do
do
July 1, 1982
do
Jan. 1, July 1
do
do
do
do
do
6 7/8
6 3/4
7
6 3/8
6 1/8
7 1/8
138
3
20
12
26
4
do
7 3/8
41
Various dates
Various dates
Jan. 1, July 1
6 7/8
July 1, 1976
do
do
Various dates
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1, 1981
do
do
Various dates
do
Various dates
do
do
do
July 1, 1980
do
do
3
3
3
7
Various dates
July 1, 1981
do
Jan. 1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1, 1982
do
do
Subtotal......................
Management and liquidating functions:
Subtotal.
Special assistance functions:
Advances...............
Do..................
Do..................
Advances...............
Do..................
Do..
Do..
Do..
Do..
Do..
Do..
Do..
Do..
Do..
Do.,
Do.,
Do.,
1/8
3/8
7/8
3/4
7 1/4
7 7/8
7 3/8
7 1/2
7 5/8
8 1/8
8 3/8
6 3/4
6 7/8
6 3/8
6 1/8
7
7 1/8
690
834
394
291
322
195
50
210
23
190
61
___ 45_
Subtotal.......... ...... ............. .
Total Government National Mortgage Association.,
Rural Electrification Administration,
act of May 20, 1936, as amended:
Notes of Administrator........... ........
Rural Telephone Bank, act of June 30, 1972:
Advances...........................
Do..............................
Do............. ...............
Do..............................
Do..............................
Do..............................
Do..............................
Do..............................
Do..............................
Do..............................
Do..............................
Advance............................
Do..............................
Total................................
Saint Lawrence Seaway Development Corporation,
act of May 13, 1954, as amended:
Revenue bonds.,
Secretary of Agriculture, Farmers Hone
Administration:
Rural housing insurance fund, act of July 15,
1949, as amended:
Note................. ..............
Notes...............................
Do................................
Do................................
Do................................
Advance............... .........
Subtotal.................. ...........
Agricultural credit insurance fund, act of Aug.
14, 1946, as amended:
Advances.........................
Advance........................ .
Subtotal................ ........ .
Rural development insurance fund, act of
Aug. 30, 1972:
Advance......................... .
4,2?5>
4,931
Various dates
Various dates
Various dates
do
do
do
do
do
do
do
do
do
do
Oct. 28, 1975
July 26, 1973
June 30, 2024
do
do
do
Various dates
do
June 30, 2024
Various dates
do
do
do
June 30, 2025
Various dates
7,903
Interest cancelled pursuant
to P.L. 93-32, approved
May 11, 1973.
Jan. 1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
5
8
10
10
28
41
7 1/4
7 3/8
7 1/2
7 5/8
7 7/8
8 1/8
8 3/4
8 1/2
8 1/4
8
8 3/8
8 5/8
7 3/4
5
17
42
11
31
1
24
93*
Various dates
Various dates
June 16, 1961
Various dates
do
do
do
Oct. 1, 1977
June 30, 1993
Various dates
do
do
do
Oct. 1, 1978
Interest cancelled pursuant
to P.L. 91-469, approved
Oct. 21, 1973 (84 Stat 1038)
June 30, Dec, 31
do
do
do
do
do
115
856
3 3/4
3 7/8
4
4 1/4
4 1/8
6.063
15
121
220
65
135
300_
676
Various dates
June 30, 1976
June 30, 1978
June 30, 1981
June 30, Dec. 31
do
6 1/4
7 3/4
June 30, Dec. 31
June 30', Deb. 31
7 5/8
5 7/8
350
326
676
Sept. 3, 1972
Bet. 2, 1972
June 30, 1992
June 30, 1993
30
25
34
Treasury Bulletin
.FEDERAL DEBT
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, December 31, 1977—Continued
(In millions of dollars)
Title and authorizing act
Rural development insurance fund, act of
Aug. 30, 1972— Continued
Advances....................................
Subtotal....................................
Total, Secretary of Agriculture, Farmers
Home Administration............................
Secretary of Housing and Urban Development
Department:
College housing loans, act of Apr. 20, 1950
as amended:
Advance...................................
National flood insurance fund, act of
Aug. 1. 1968:
Advances.................................
Advances.................................
Advances.................................
Advances.................................
Do.....................................
Subtotal.................................
New Communities Grarantee, Metropolitan
Development, Title IV, act of August 1, 1968:
Advance.................................
Advances.................................
Advance..................................
Do......................................
Do......................................
Do......................................
Do......................................
Subtotal.................................
New Communities Guarantee, Metropolitan
Development, Title VII, act of Dee. 31, 1970:
Advances.................................
Advances.................................
Advances.................................
Advances.............................. .
Advance.................................
Advance.................................
Advance.................................
Do.....................................
Subtotal.................................
Urban renewal fund, act of July 15, 1949,
as amended:
Note, Series URA..........................
Total, Secretary of Housing and Urban Development
Secretary of the Interior:
Bureau of Mines:
Helium fund, act of Sept. 13, I960:
Notes.................................
Do..................................
Note..................................
Notes..................................
Do..................................
Do..................................
Do..................................
Notes.................................
Do..................................
Do..................................
Do.................................. .
Do..................................
Do..................................
Do..................................
Do..................................
Note..................................
Notes.................................
Note..................................
Total...................................
Secretary of Transportation:
Rail Service Assistance, act of January 8, 1971:
Advance................................
Subtotal...............................
Regional Rail Reorganization, act of January 2,
-1974:
Advance................................
Total...................................
Date of issue
Date payable
Various dates
Various dates
Interest payable
Rate of
Interest
Principal
amount
Percent
do
8 1/8
335
390
1,922
Jan. 1, 1977
Jan. 1, 1978
Jan. 1, July 1
2 3/4
2,811
July 1.
Oct. VL*
Jan. 3,
July 1,
July 1, 1978
July 1, 1978
do
July 1, 1979
do
do
do
do
7 1/4
6 5/8
5 1/2
6 1/4
29
16
4
99
do
7
1976
1976
1977
1977
do
do
11
159
Nov. 26, 1975
Various dates
May 26, 1976
July 1, 1976
Nov. 29, 1976
Jan. 1, 1977
July 1, 1977
July 1, 1985
Various dates
July 1, 1985
July 1, 1986
do
do
July 1, 1987
Jan. 1, July 1
do
do
do
do
do
Jan. 1, July 1
8
7
7
8
7
7
7
Various dates
do
do
do
do
do
do
Various dates
do
do
July 1, 1986
do
do
do
Jan. 1, July 1
do
do
do
do
do
do
8
7
7
7
7
7
7
do
do
July 1, 1987
7 5/8
1/4
7/8
3/4
1/2
3/8
7/8
3/4
1/2
1/8
3/8
*
*
1
ft
1
*
*
3
2
23
2
83
2
2
37
46
198
Various dates
On
demand
Jan. 1, July 1
6 1/4
800
3,971
Various dates
do
Dec. 28, 1965
Various dates
do
do
do
do
do
do
do
do
do
do
do
Apr. 10, 1970
Various dates
July 28, 1972
Sept,. 13, 1985
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Interest payments deferred
to Sept. 13, 1985
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
4 1/8
21
4
4
4
4
4
4
5
5
5
5
5
5
6
6
6
6
6
9
2
11
8
4
12
4
4
10
13
9
5
70
11
1
59
1
1/4
3/8
1/2
5/8
3/4
7/8
1/8
1/4
3/8
1/2
5/8
1/4
5/8
3/4
1/8
252
Jan. 15, 1976
Apr. 20, 1976
Jan. 15, 1978
Apr. 20, 1978
At maturity
do
7 3/8
7
50
2
52
June 30, 1976
Sept,. 30, 1978
At maturity
7
2
54
35
January 1978
FEDERAL DEBT
Table FD-11. - Description of S e c u r itie s of Government Corporations and Other
Business-Type Activities Held by the Treasury, December 31, 1977—Continued
(In millions of dollars)
Title and authorizing act
Date of issue
Date payable
Interest payable
Rate of
Interest
Principal
amount
percent
Smithsonian Institution:
John F. Kennedy Center parking facilities,
act of Jan. 23, 1964:
Various dates
do
do
do
do
June 12, 1969
Various dates
do
do
Dec. 31, 2017
do
do
Dec. 31, 2018
do
do
do
do
do
May 26, 1977
May 26, 1978
Oct. 27, 1948
do
do
Jan. 24, 1949
do
do
do
do
do
do
do
do
do
do
do
Sept. 18, 1958
do
Aug. 12, 1959
do
do
do
June 30, 1986
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
June 30, 1989
do
do
do
1/4
1/2
5/8
4
3
1
2
4
1
1
2
2
Quarterly
5 1/2
150
Anytime by agreement
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1
2
2
2
2
3
3
3
3
2
2
3
4
3
3
3
4
4
3
4
4
Dec. 31
do
do
do
do
do
do
do
do
5
5
5
5
5
6
6
6
6
1/8
1/4
3/8
3/4
7/8
20
Tennessee Valley Authority, act of Aug. 6, 1959:
Advances...................................
United States Information Agency, act of
Apr. 3, 1948, as amended:
Note of Administrator (ECA)...................
7/8
1/8
1/2
7/8
1/8
1/4
3/4
5/8
3/4
3/8
7/8
5/8
7/8
7/8
1/8
7/8
1
1
2
1
2
1
1
3
3
*
*
*
*
2
*
1
*
*
*
1
*
22
Veterans Administration:
Veterans Direct Loan Program, act of
Apr. 20, 1950, as amended:
Agreements................................
Do.....................................
Do.....................................
Do.....................................
Do.....................................
Agreement.................................
Do.....................................
Do.....................................
Do.....................................
Do.....................................
Agreements................................
Do.....................................
Do.....................................
Do.....................................
Do.....................................
Agreement.................................
Various dates
do
do
do
do
Dec. 31, 1956
Mar. 29, 1957
June 28, 1957
Apr. 7, 1958
Oct. 6, 1958
Various dates
do
do
do
do
Feb. 5, 1960
Various dates
Total....................................
Trt+ol
+4oo
Indef. due dates
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan. 1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
6
2
2
2
3
3
3
3
3
3
3
3
4
4
4
4
4
1/8
1/2
3/4
7/8
3/8
1/4
1/2
1/8
5/8
3/4
7/8
1/4
1/2
1/8
5/8
267
88
53
103
119
50
50
50
50
49
100
392
109
100
21
20
110
1,730
72,131
8001*06: Bureau of Government Financial Operations
l/ P.L. 89-316 dated 11-2-65, "Provided, that after June 30, 1964
the portion of borrowings from the Treasury equal to the
unreimbursed realized losses recorded on the books of the
Corporation after June 30 of the fiscal year in which such losses
are realized, shall not bear interest and interest shall not be
accrued or paid theran."
* Less than $500,000.
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding, December 31, 1977
_____________(In millions of dollars)
Amount of maturities
Date
of final
maturity
1978
Jan.
Feb.
Feb.
Mar.
Apr.
Apr.
Apr,
May
May
May
June
July
Aug.
Aug.
Aug.
Sept.
Oct.
Oct.
Nov.
Nov.
Dec.
Dec.
1979
Jan.
Feb.
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug.
Aug.
Sept,
Sept.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
1980
Feb.
Feb.
Mar.
Apr.
May
June
Aug.
Aug.
Sept.
Oct.
Nov.
Nov,
Deo.
a m
Feb.
Feb.
Mar,
Apr.
Ifey
June
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
31.
15.
28.
31.
1.
20.
30.
15.
15.
31.
30.
31.
15.
15.
31.
30.
1.
31.
15.
30.
31.
31.
31.
15.
28.
31.
1.
30.
15.
31.
30.
30.
30.
15,
15.
31.
30,
30.
1
31.
15,
15.
15.
30.
31.
15,
15.
31.
1
15,
30,
15,
15,
30,
1,
15.
15,
31.
15,
15,
31.
1,
15.
30.
15.
15.
30,
1.
15.
15,
31.
Amount of maturities
Held hy 1/ Description
Issue
Date
Total
Note
Note
Note
Note
Note
Bill
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
.
Note
Note
Note
5-3/4#-T Note
8-l/8#-H Note
5-l/4#-U Note
Total.......
6-3/8#-J
6-l/4#-A
8#-G
6-3/4#-*
1-1/2#-EA
6.272#
6-l/2#-L
7-l/8#-D
7-7/8#-F
7-l/8#-M
6-7/8%-N
6-7/8#-P
8-3/4#-C
7-5/8#-E
6-5/8#-Q
6-l/4#-R
1-1/2#-EO
5*-7/8#-S
5-7/8#-L
Note
7#-H
Note
5-7/8#-M
Note
6#-N
Note
1-1/2#-EA Note
5-7/8#-P Note
7-7/8#-D
Note
6-1/8#-Q Note
7-3/4#-E Note
6-l/8#-R
Note
6-1/4#-S
Note
6-l/4#-A
Note
6-7/8#-J
Note
6-5/8#-T
Note
8-l/2#-F Note
6-5/8#-U Note
1-1/2#-E0 Note
7-l/4#-V Note
6-5/8#-B
Note
7#-C
Note
6-l/4#-K Note
7-1/8#-W Note
7-l/2#-G
Note
Total.......
2 /2 /7 6
2/L5/71
1 0 /7 /7 5
3 /3 1 /7 6
4 A /7 3
1 2 /2 /7 7
5 A 7 /7 6
2A8/75
8 A 5 /7 5
6 /1 /7 6
6 /3 0 /7 6
7 /3 0 /7 6
5 A 5 /7 4
5 A 5 /7 5
8 /3 1 /7 6
9 /3 0 /7 6
1 0 A /7 3
llA /7 6
11A 5 /7 1
H /3 0 /7 6
1 0 /2 2 /7 5
1 2 /3 1 /7 6
312
n.a.
391
958
1,539
175
771
269
635
2,571
175
429
200
3,589
244
182
446
16,572
90~
1,724
308
575
8 /3 1 /7 7
9 /4 /7 5
9 /3 0 /7 7
! 0 A /7 4
loAl/77
4,334
2 A 5 /7 3
U A 5 /7 3
1 1 A 5 /7 6
1 1 /3 0 /7 7
1,604
2,2a
3,376
4,791
2,006
248
1,144
447
272
294
107
9,889
8/1/77
8A 5 /7 2
8/16/76
1/6/76
62,855
Bond
Note
Note
Note
Note
Note
1/23/59
Note
Note
Note
8 A 5 /7 4
7#-A
7-3/8#-C
6-7/8#-H
l-l/2#-EA
7-l/8#-D
6-3/4#-J
7#
7-5/8#-F
6-3/4#-K
1/1/2#-E0
7-3/4#-B
7#-G
7-l/4#-L
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Total.................
272
3,361
53
2,855
4.692
2,845
3,519
2
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
1
2 /3 /7 7
2 /L 7 /7 6
2 /2 8 /7 7
3 /3 1 /7 7
4 A /7 4
5 /2 /7 7
1 1 /6 /7 4
5 /3 1 /7 7
•7 /9 /7 5
6 /3 0 /7 7
& _
6-l/2#-G
7-l/2#-C
1-1/2#-EA
6-7/8#-A
7-5/8#-D
9#-B
6-3/4#-H
6-7/8#-E
1-1/2#-E0
3-1/2#
7-1/8#-J
5-7/8#-F
Total*
Note
Bond
Note
Note
2,511
8,389
2,115
3,162
15
3,004
2,574
3,960
4,423
2,567
3,331
2,855
2,462
5,155
2,949
3,195
3
2,921
8,207
2,9a
2,517
3,376
72,632
U.S. Govt,
Ml
accounts and
Federal Re other
investors
serve banks
2 A 5 /7 7
3 A 7 /7 6
5^73
6/10/76
8/15/77
9/L4/76
10/L/75
10/3/60
llA 5 /7 7
12/7/76
2 A 5 /7 4
2A8/75
3/8/77
4/1/76
1/26/76
6 /3 A 7
8/15/71
7/9/76
10/L/76
u A5/74
1 0 A 2 /7 6
12/7/77
2,498
4,608
2,069
2
7,265
2,185
4,296
4,133
2,ia
3
1,755
4,599
2.692
38,246
1,842
4,796
2,809
*
2,020
2,514
807
2,586
2,968
14
4,477
2,543
3,452
30,828
118
538
209
119
267
115
1,788
838
210
222
256
929
1,452
167
5,564
288
2,680
490
141
621
658
13,028
565
938
57
179
67
408
243
59
1,871
83
18
4,488
Source: Monthly Statement of the Public Debt of the United States and
Office of Government Financing in the Office of the Secretary.
1 / Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and a ll other investors is in conformity
with the unified budget concept.
2,239
5,028
2,062
2,850
15
n.a.
2,183
3,002
2,884
2,392
2,560
2,586
1,827
2,584
2,774
2,766
3
2,721
4,618
2,697
2,335
2,930
5 3 ,0 5 6
2,765
2,968
2,537
2,944
2
1,874
1,731
1,878
1,663
2,041
3,065
2,771
2,151
3,271
1,859
3,605
1
4,086
460
1,794
3,104
4,497
1,899
5 2 ,9 6 6
1,569
3,156
1,902
2
1,701
1,897
1,616
3,643
2,000
3
1,134
3,941
2,654
25,218
1,277
3,858
2,752
*
1,841
2,447
399
2,343
2,909
14
2,606
2,460
3,434
26,340
Date
of final
maturity
1982
Feb.
Feb.
Apr.
May
May
Aug.
Oct.
Nov.
Nov.
15....
15....
1....
15....
15....
15....
1....
15....
15....
Held by 1/ Description
6-3/8#
6-l/8#-D
l-l/2#-EA
8#-A
7#-E
8-l/8#-B
1-1/2#-E0
7-7/8#-C
7-l/8#-F
Total
1983
Feb. 15... 8#-A
June 15,78-83 3-1/4#
Nov. 15... 7#-B
Total
198A
Feb.
7-l/4#-A
6-3/8#
Aug.
7-l/4#-B
Aug.
Total....
1985
May
15... 3-1/4#
May 15,75-85 4-1/4#
Total
1986
May
7-7/8#-A
Aug.
8#-B
6-1/8#
Nov.
Total
1987
7-5/8#-A
Nov,
1990
Feb.
May
3-1/2#
8-1/4#
Total
1992
Aug. 15,87-92 4-1/4#
Aug. 15.... 7-1/4#
Total ,
1993
Feb. 15.88-93 4# ,
Feb. 15.... 6-3/4#
Aug. 15.88-93 7-1/2#
Total....
199A
May 15,89-94 4-1/8#
1995
Feb.
3#
1998
May 15,93-98 7#
Nov. 15.... 3-1/2#
1999
May 15,94-99 8-1/2#
2000
Feb. 15,95-00 7-7/8#
Aug. 15,95^00 8-3/8#
Issue
Date
Bond 5/15/72
Note
1/6/77
4A/77
Note
Note 5/15/75
4/4/77
Note
Note 8/15/75
Note 10/L/77
Note H A 7/75
Note 10/17/77
U.S. Govt,
accounts and
Federal Re
serve banks
2,702
2,697
1
2,747
2,613
2,918
1
2,902
2,737
19,318
1,060
35
Note 2A7/76
Bond
5A/53
Note llA5/76
Note
Bond
Note
2A5/77
8A5/72
Bond
Bond
All
other
investors
725
7
1,642
2,662
1
1,305
2,599
1,807
1
2,177
2,730
4,394
14,924
7,958
1,255
2,309
11,522
2,101
227
97
2,425
5,857
1,028
2,212
9,097
8,438
2,353
2,863
13,654
3,659
1,399
337
5,395
4,779
954
2,526
8,259
6/3/58
4/5/60
764
1,051
1,815
179
395
585
656
574
1,241
Note 5A7/76
Note 8/16/76
Bond 11/15/71
5,219
9,515
1,216
15,950
852
1,947
3,683
4,367
7,568
332
12,267
Note 11A5/77
2,387
456
1,931
Bond
Bond
2/ I 4/58
2,870
1,247
4,117
893
349
1,242
1,977
898
Bond
Bond
8A 5/62
7/8/77
2,912
1,504
4,416
1,128
79
1,207
1,784
1,425
3,209
Bond
Bond
Bond
1A7/63
1/10/73
8/15/7 3
185
627
1,914
2,726
53
209
1,318
1,580
132
418
596
1,146
Bond
4A8/63
1,086
456
630
Bond
2/15/55
562
128
434
Band
Bond
5A7/76
10/3/60
692
2,055
2,747
328
714
1,042
364
1,341
1,705
Bond
5A7/74
2,414
1,613
801
Bond
Bond
2A8/75
8/15/75
2,771
2,265
549
980
2,222
1,285
5,036
1,529
3,507
8/15/77
4/7/75
Total
_
1,442
14
1,111
_
884
2,875
2001
Aug. 15,96-01 8#
Bond
8/16/76
1,575
774
801
2005
May
Bond
5A5/75
2,2a
1,315
906
Bond 2A5/77
Bond 11/15/77
4,249
1,495
1,545
240
5.744
1,785
2,704
1,255
3,959
15,00-05 8-1/4#
2007
Feb. 15, 02-07 7-5/8#
Nov. 15, 02-07 7-7/8#
Total
2/ Treasury Notes 7-3/8# Series C-1981 and 7-3/8# Series E-1981 were two
separate issues consolidated effective Sept. 1, 1976. Series E-1981
notes were issued on April 5, 1976 but are treated as if they were
an additional issue of Series C-1981.
* Less than $ 5 0 0 ,0 0 0 .
a. Not Available.
37
January 1978
.PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
date
Number of
days to
maturity 1/
Amount of
tendered
Amount of bids accepted
Total
Amount
Amount
maturing on
issue date
of new
offering
On com
petitive
basis 2/
On noncom
petitive
basis 2./
1,982.4
3,153.8
1,898.5
3,066.1
2,192.0
3,207.4
2,193.8
3,341.3
1,869,9
3,138.1
1,951.0
3,329.7
318.3
151.0
2,004.5
3,601.2
309.5
137.Or
322,9r
169.3
313.0
160.7
2,006.8
3,403.2
Total
unmatured
issues out
standing after
new issues
Regular weekly:
(13-week and 26-week)
/1977-Dec.
U978-Mar.
/1977-,Dec.
U978-Mar.
/1977-Dec,
\1978-Mar.
KL977-Dec.
U978-Mar.
fl977* Dec.
U978-Mar.
j
Jan.
\
Apr.
f
Jan.
1
Apr*
y
Jan.
\
Apr.
j
Jan.
V
Apr*
1977- Sept. I.,
8.,
15.
22.
29.
Oct.
6.,
13.,
20.,
27.
Nov. 3..
10..
2,300.7r
3,304.8
2,208.0
3,203.1r
2,514.9r
3,376.7
91
182
5,677.8
5,684.6
2,506.7
3,502.0
91
182
4,646.8
5,825.1
91
182
91
182
4,060.2
7,923.3
3,970.2
7,313.4
4,282.1
5,369.0
4,022.6
5,844.2
2,202.3
3,302.4
2,303.1
3,505.4
2,307.5
3,405.9
2,302.7
3,402.4
2,304.2
3,403.0
91
182
91
182
29,041.83?
85,879.3r
29,243.Or
85,679.lr
29,754.$r
85,953.2r
30,261.7k.
86,351.4r
30,360.11*
86,249.9r
332,4
164.3
352.1
175.7
2,003.1
4,003.7^/
2,000.1
4,006.7U
2,103.9
3,403.9
2,303.1
3,503.0
1,959.4
3,242.5
1,892.2
3,198.9
2,013.9
3,266.1
348.1
163.4
410.5
203.5
2,203.3
3,503.1
2,300.9
3,406.5
290.3
136.9
2,403.1
3,299.6
30,367.lr
86,254.4^
30,360.lr
86,252.3r
30,464.3r
86,155.lr
00,j^x.ur
2
4
91
182
3,823.9
5,325.8
2,301.5
3,402.0
1,904.2
3,235.2
397.3
166.7
2,402.7
3,307.2
30,266.Or
86,349.2r
f
Feb.
May
Feb.
May
Feb.
May
9
11
16
18
23
25
2
1
9
8
16
15
23
22
30
29
91
182
91
182
90
181
4,557.7
6,189.7
4,523.5
6,345.8
4,809.4
6,060.9
4,534.6
7,041.1
4,435.0
7,124.0
5,023.7
5,927.7
4,469.3
5,770.8
4,377.5
7,192.8
2,305.2
3,405.3
2,202.3
3,303.3
2,302.4
3,503.2
2,301.6
3,501.0
2,204.0
3,403.1
2,309.6
3,404.0
2,202.5
3,303.3
2,105.2
3,386.4
1,939.3
3,206.6
1,828.5
3,144.8
1,954.2
3,338.3
1,983.0
3,358.2
1,868.0
3,241.2
1,964.9
3,247.3
1,881.9
3,150.4
1,788.1
3,238.3
365.9
198.6
373.7
158.6
348.3
164.-9
318.7
142.7
336.0
161.9
344.7
156.8
320.5
152.9
317.1
148.1
2,403.2
3,302.8
2,307.9
3,202.9
2,303.4
3,201.4
2,300.7
3,101.8
2,208.0
3,002.0
2,514.9
3,001.3
2,507.0
3,001.3
2,202.3
3,200.9
30,168.Or
86,451.6r
30,062.9r
86,552.lr
30,061.8r
86,853.8r
6,939.3
7,053.2
5,909.8
6,264.8
3,504.6
3,070.7
3,105.5
3,208.3
3,342.5
2,966.1
3,435,9
2,996,9
3,047.1
3,145.7
68.7
73.8
3,253.1
3,068.7
58.3
62.5
3,398.9
2,909.4
2,400.4
2,198.6
56.4
56.8
2,930.4
3,104.9
3,202.7
3,335.5
2,981.7
2,933.8
2,948.0
53.9
54.4
55.9
70,9
87.9
2,921.4
2,611.6
2,901.6
2,952.6
2,917.3
6,154.1
3,161.3
3,587.2
J,538.0
3,090.7
3,486.7
3,772.2
70.6
100.5
65.8
7,405.8
3,004.0
2,989.8
14.2
25..
*(
?
f
\
Y
22.,
1\
f
'\
r
1
29.,
•(
15.,
4,617.8r
7,617.9
4,016.7
6,571.6r
4,082,9r
6,014.5
Feb.
Itey
17..
1 ..
8
9
15
16
22
23
29
30
5
6
12
13
19
20
26
27
91
182
91
182
91
182
f
(
r
*{
B ee.
1
2
f
Mar.
June
Mar.
June
Mar.
June
Mar.
June
Mar.
Jtoe
91
182
91
182
91
182
91
182
91
182
30,062,8
87,253.0
30,058,8
87,654.1
29,853,5
88,056.8
29,548.9
88,358.9
29,451.8
88,544.4
?2 weeks:
1976-Dec«
1977—Jan. 11
Feb. 8.
liar.
Apr.
May
May
June
July
Aug.
Sept. 20,
Oct.
Nov. 15.
. 1977-Dec.
. 197$-Jan,
Feb.
Mar.
.
Apr,
May
May
June
July
Aug.
Sent.
Oct.
Nov.
13
10
7
7
4
2
30
27
25
22
19
17
14
Dec.
Dec.
12
Special
Dec.
Apr.
20
2,,
Footnotes at end of table.
364
364
364
364
364
364
364
364
364
364
364
364
364
139
6,986.2
6,195,9
4,971.3
5,478.3
5,901.1
6,144.8
5,247.0
4,952.8
5,873.4
2,454.3
2,252.9
3,037,6.
3,004,7
3,035,9
3,095.1
5,907.0 2 /
3,504.6
39,948.2
39,950.1
40,125.2
40,228,5
40,368,3
39,998.9
39,531,9
39,173.2
39,309.?
39,361.3
39,479.9
39,546.0
39,731.4
40,064.8
3,004.0
38
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills—Continued
On competitive bids accepted
On total bids accepted
Average price*
per hundred
Regular weekly:
(13-week and 26-week)
1977-Sept.
1.
8.
15.
22.
29.
Oct.
6.,
13..
20..
27..
Nor.
3..
10..
17..
25..
Dec.
1..
8..
15..
22..
29.,
1976-Dec.
1977-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Special
Dec.
footnotes on following page.
High
Equivalent average
rate y
Price per hundrec Equivalent rate 6/
(Percent)
98.591
97.043
98:596
97.045
98.512
96.917
98.521
96.979
98.488
96.873
98.456
96.822
98.444
96.774
98.412
96.716
98.431
96.725
98.413
96.710
98.436
96.732
98.460
96.778
5.575
5.849
5.554
5.845
5.887
6.098
5.851
5.976
5.981
6.185
6.109
6.286
6.156
6.381
6.282
6.496
6.207
6.478
6.279
6.508
6.188
6.464
6.092
6.373
Price per hundred
(Percent)
98.599
97.049 7/
98.604
97.051
98.524 2/
96.933
98.525
96.997
98.496
96.890
98.463 10/
96.828
98.455
96.781
98.422
96.725
98.437
96.729
98.438
96.741
11/
12/
12/
M/
^5/
16/
98.441 13/
96.744
98.466 Og/
96.789 12/
98.483
96.799
98.484
96.797 2Q/
98.475 21/
96.797
98.469 22/
96.785 H /
98.588
97.040
5.523
5.833
5.839
6.067
98.593
97.042
98.502
96.908
5.835
5.940
5.950
6.152
6.080
6.274
6.112
6.367
98.519
96.971
98.486
96.868
98.453
96.820
98.438
96.771
6.179
6.387
6.243
6.478
98.409
96.710
6.294
6.508
6.183
6.470
98.424
96.716
98.402
96.694
98.434
96.730
98.458
96.774
98.477
96.786
98.467
96.773
98.470
96.786
98.464
96.775
98.484
96.792
98.441
96.729
6.235
6.496
6.322
6.539
6.195
6.468
6.100
6.381
6.092
6.392
6.065
6.383
6.053
6.357
6.076
6.379
5.997
6.345
6.167
6.470
4.690
4.717
5.324
5.200
5.146
5.139
5.400
5.400
5.621
6.098
6.128
95.218
95.210
94.584
94.707
94.779
94.763
94.529
94.526
94.280
93.822
93.769
4.729
4.737
5.356
5.235
5.164
5.179
5.411
5.414
5.6^7
6.11&
6.163
93.278
6.648
l l '.M
97.575
6.179
6.446
6.167
6.440
6.069
6.351
6.068
6.367
5.997
6.336
6.033
6.336
6.057
6.359
5.962
6.324
6.120
6.446
6.084
6.384
6.057
6.371
6.048
6.348
6.073
6.371
5,986
6.337
6.152
6.460
95.240
95.219
94.596
94.716
94.785
94.780
94.537
94.532
94.290
93.827
93.776
4.708
4.728
5.345
5.226
5.158
5.160
5.403
5.408
5.648
6.105
6.156
95.258^2/
93.308
93.385
93.*
6.619
6.542
6.3??
93.347 22/
93.408
93.398
6.580
6.520
6.529
97.578
6.272
97.581
6.265
2U
25/
26/
2Z/
95.231 22/
94.617^2/
94.742
,
94.79721/
94.804
94.540
94.540 22/
94.317 ,
93*J$2& /
(Percent)
5.542
5.837
98.479
96.790
98.469
96.779
98.471
96.791
98.465
96.779
98.487
96.796
98.445
96.734
98.493
96.803
98.453
96.741
Equivalent rate 6/
5.586
5.855
5.566
5.851
5.926
6.116
5.859
5.991
5.989
6.195
6.120
6.290
6.549
6.281
39
January 1978
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source: Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-weelc bills represent additional issues of bills with an
original maturity of 26 weeks.
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a nomcompetitive basis by Government accounts and Federal Reserve
banks.
2 / For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
4/ Includes maturing short-dated bills issued Sept. 6, 1977.
5/ Includes maturing short-dated bills issued Nov. 7, 1977.
6/ Bank discount basis.
7/ Except $530,000 at 97.052.
8/ Except $65,000 at 97.056.
2 / Except $300,000 at 98.529.
10/ Except $300,000 at 98.483.
11/ Except $500,000 at 96.840.
12/ Except $60,000 at 96.739.
12/ Except $50,000 at 98.461 and $1,600,000 at 98.443.
1y
Except $90,000 at 96.734.
12/ Except $250,000 at 98.484, $600,000 at 98.450, and $200,000 at 98.442.
16/
17/
18/
12/
20/
21/
22/
22/
2£/
22/
26/
27/
28/
29/
&
22/
22/
2 iJ
2 2/
26/
r
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
$500,000 at 96.886.
$115,000 at 98.473.
$150,000 at 98.468.
$10,000 at 96.794.
$150,000 at 96.941.
$300,000 at 98,481.
$500,000 at 98.647.
$30,000 at 96.789.
$50,000 at 98.496.
$900,000 at 96.805 and $50,000 at 96.809.
$1,680,000 at 98.460 and $510,000 at 98.600.
$1,170,000 at 96.815.
$500,000 at 95.288.
$8,740,000 at 95.239 and $4,000,000 at a*5.238.
£ £
9A.3136.32’* W » « * * . 6 2 2 , and$2,000,000at94.621.
Except $500,000 at 94.798.
Except $75,000 at 93.844.
Except $350,000 at 93.831.
Except $325,000 at 93.357.
Except $5,000,000 at 93.403 and $930,000 at 93.410.
Revised.
Treasury Bulletin
40
„PUBLIC DEBT OPERATIONS.
T able PDO-3. - New M oney Financing through R egular W eekly Treasury B il l s i /
(Dollar amounts in millions)
Description of issue
1973-Jan.
4..
11..
18..
25..
May
5.164
5.397
2,403
1,902
2,401
1,902
5.154
5.413
5.277
5.541
5.63A
5.759
19
19
26
26
2,501
1,693
2,501
1,701
2,502
1,702
2,502
1,701
2,501
1,701
91
182
91
182
3,789
3,552
91
183
91
182
21.,
13
13
20
20
91
182
91
182
28.,
Sept.
Deo.
27
27
91
182
3,454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-0ct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Nov.
1974-Jan.
Feb.
May
4
3
11
10
18
17
25
24
1
31
14
16
91
182
16.
Aug.
Nov.
5.,
July
12 .,
91
182
91
182
3,349
3,545
3,975
3,215
2,400
1,901
2,503
1,701
2,500
1,701
2,500
1,702
New money
increase, or
decrease (-)
$204
201
223
200
6.180
6.457
-HI
6.453
6.747
-99
6.693
6.864
7.127
7vl72
-100
-99
7.265
7.255
7.229
7.299
7.986
8.010
-101
7.991
8.018
-100
-104
-101
91
182
91
182
4,274
3,430
3,887
3,561
3,796
3,386
4,047
4,341
2,501
1,701
2,501
1,702
2,501
1,701
2,503
1,801
8.319
8.476
8.635
8.3&L
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
Sept.
Dec.
Sept.
Deo.
Sept.
Dec.
Sept.
Dec.
5
5
12
12
91
182
3,578
3,383
3,693
3,792
91
182
91
182
2,600 y
3
2
10
9
91
182
91
182
7.841
8.003
7.808
8.055
7.892
8.4&L
198
Oct.
1975-Jan.
1974-Oct.
1975-Jan.
5,054
4,261
3,925
3,017
4,117
3,171
4,014
3,430
8.299
8.426
8.260
8.324
8.178
8.175
205
19
19
26
26
2,602
1,904
2,603
1,903
2,601 2/
1,901
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb.
1974-NGv.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974rDec.
1975-Mar.
17
16
91
182
91
182
91
182
91
182
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
189
91
182
91
182
92
182
4,264
3,651
3,9dl
2,986
3,721
3,481
91
182
3,746
3,#53
2,803
2,004
2,806
2,005
7.702
7.876
7,603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
91
182
4,607
3,072
4,038
3 ,2a
2,503
8 .1 8 5
-197
1 ,8 0 2
2,500
8.203
7.003
-201
1 ,8 0 0
7 .9 2 8
19.,
26..
Aug.
2..,
Nov.
15..,
6.,
13..
20
.,
27.,
5.,
..
11
18..
25.,
1..
8..
15.,
.,
22
29.,
Sept.
$2,402
1,901
91
182
$3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
91
182
91
182
14.,
Aug.
5
5
12
12
16
15
23
23
30
29
31..
July
Amount
of bids
accepted
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
1973-Sept.
Dec.
Sept.
Dec.
17.
24.
1974-May
1973-Apr.
July
Apr.
July
Apr.
July
Apr.
July
Average rate
of bids
accepted 2/
(Percent)
Amount
of bids
tendered
Number of
days to
maturity
Maturity
date
Issue
date
5.,
19.,
26.,
1 9 7 4 -D e c .
1975-Mar.
1 9 7 4 -D e c .
1975-Mar.
Footnotes at end of table.
24
23
31
30
7
6
14
13
21
20
29
27
5
6
19
20
26
27
91
182
91
182
91
182
1,901
2,603 y
1,905
2,602 3/
1,904
2,602 y
1,901
2,602 y
1,901
2,601 y
1,902
2,656 y
2,007
2,805 y
2,004
2,807 y
2,002
7.968
8.023
8.113
8.272
-103
-96
-100
110
203
202
204
195
205
106
359
408
407
401
404
PUBLIC DEBT OPERATIONS
PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^/-Continue
ription of issue
Number of
days to
maturity
Maturity
date
1975-Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
May
Feb.
May
Feb.
May
Feb.
May
Feb.
May
Mar.
June
Mar.
June
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
July
May
Aug.
May
Aug.
May
Aug.
May
Aug.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
9
10
16
17
23
24
30
1
6
8
13
15
20
22
27
29
6
5
13
12
3
3
10
10
17
17
24
24
1
31
8
7
15
14
22
21
29
28
5
4
12
11
19
18
26
25
3
2
10
9
17
16
24
23
31
30
7
6
14
13
21
20
28
28
91
182
91
182
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
183
Amount
of bids
tendered
3,132
3,301
4,169
2,958
4,747
3,249
3,369
3,459
3,412
3,307
4,497
3,856
3,877
3,690
4,110
3,342
3,393
3,819
5,474
3,814
3,755
3,705
4,442
4,416
4,724
4,915
4,088
3,582
4,085
4,191
4,244
5,044
4,107
3,743
4,096
4,653
3,468
3,822
3,797
4,768
4,511
5,523
4,303
4,533
4,014
3,599
4,598
4,331
5,045
4,361
4,881
4,729
4,094
4,066
4,423
5,479
4,412
4,831
6,426
4,831
4,503
5,542
5,057
4,820
Amount
of bids
accepted
2,702
2,003
2,703
2,003
2,703
2,004
2,705
1,998
2,704
2,100
2,802
2,104
2,800
2,105
2,802
2,102
2,804
2,104
2,802
2,102
2,705
2,201
2,704
2,304
2,603
2,206
2,603
2,202
2,600
2,301
2,702
2,401
2,701
2,499
2,704
2,503
2,702
2,550
2,701
2,501
2,602
2,502
2,503
2,502
2,502
2,601
2,703
2,700
2,701
2,801
2,704
2,702
2,702
2,701
2,701
2,701
2,802
2,801
2,805
2,801
2,803
2,801
2,802
2,803
Average rate
of bids
accepted 2J
(Percent)
6.697
7.364
7.723
7.398
7.525
7*398
7.892
7.766
7.880
7.856
7.604
7.552
7.535
7.428
7.328
7.369
7.524
7.564
7.173
6.911
7.113
7.101
6.698
6.681
6.678
6.646
6.370
6.373
5.606
5.825
5.668
5.736
5.800
5.800
5.408
5.483
5.456
5.675
5.638
5.742
5.622
5.655
5.376
5.473
5.543
5.669
5.562
5.785
6.021
6.352
5.539
5.843
5.653
6.067
5.717
6.158
5.356
5.481
5.183
5.481
5.115
5.412
5.206
5.469
iaae,
sase (
S
J
"S
J
*S
>
1
f
201
201
202
200
1
J
247
\
199
J
\
J
\
J
\
J
197
198
198
\
J
190
J
\
196
/
202
\
\
J
\
/
j\
1
J
\
J
\
J
\
J
\
j
\
J
\
J
205
201
294
392
394
405
446
394
496
599
1
702
\
J
805
J
\
J
795
\
/
799
A
/
797
\
/
\
J
\
J
J
J
>
J
804
801
801
795
801
Treas
PUBLIC DEBT OPERATIONS.
-3*. - New Money Financing through Regular Weekly Treasury B ills i / —Co
________________________ (Dollar amounts In millions)
cription of issue
Number of
days to
maturity
r~
Sept.
Dec.
j
Sept.
\
Dec.
r
Oct.
U976-Jan.
Jl975-0ct.
1976-Jan.
1975-Oct.
1976-Jan.
"l975-Oct.
1976-JTan.
1975-Oct.
11976-Jan.
l
1975-Nov.
1976-Feb.
'1975-Nov.
1976-Feb.
fl975-Nov.
1 1976-Feb.
r 1975-Nov.
1 1976-Feb.
r 1975-Dec.
1 1976-Mar.
f 1975-Dec.
1 1976-Mar.
1975-Dec.
1976-Mar.
1975-Dec.
1976-Mar.
Jan.
Apr.
Jan.
Apr.
4
4
11
11
2
2
9
8
16
15
91
182
91
182
91
183
91
182
91
182
23
22
30
29
91
182
6
5
91
182
13
13
20
19
28
26
4
4
11
11
18
18
91
183
91
182
92
182
91
182
26
25
2
1
8
8
91
182
Amount
of bids
tendered
Amount
of bids
accepted
$5,616
3,898
4,578
4,258
3,811
3,608
$ 2,803
4,465
4,505
5,453
6,560
4,505
5,550
5,136
5,262
5,594
5,506
5,306*
5,671
2.701
2,606
2,591
2.701
2,701
2,802
2.901
2,806
2,905
2,802
2.901
2,904
493
498
697
802
800
2.902
803
3,002
801
3,002
3,001
799
3.101
3.103
4,735
5,918
3,202
4,448
6,246
5,368
6,876
3.103
3,202
3,105
3.203
91
182
92
182
4,748
6,245
5,068
4,469
4,608
5,613
2,903
3,202
2,736
2,920
2.702
2,805
92
182
4,155
5,762
91
182
3,684
5,341
3.001
3.103
3.104
3,190
91
182
Average rate
of bids
accepted 2/
(Percent)
,000
952
.,005
998
9543
704
702
690r
Jan.
Apr.
Jan.
Apr.
15
15
22
22
91
182
4,125
4,609
.3 ,000
§1
182
4,860
5,072
3,005
3.102
605
Jan.
Apr.
29
29
91
182
5
6
Feb.
May
13
13
91
182
92
182
2,999
3.204
3.203
3,304
598
Feb.
May
4,635
4,853
4,992
5,067
5,322
5,270
Feb.
May
Feb.
May
19
20
26
27
91
182
90
181
5,669
5,492
6,400
6,155
3.203
3.401
700
3,231
3,412
738
Mar.
June
91
182
91
182
5,349
5,202
4,351
6,152
3.203
3.401
2,907
3.302
798
Mar.
June
4
3
11
10
Mar.
June
18
17
91
182
4,451
4,767
2.702
3,099
764
Mar.
June
25
24
90
181
3,998
4,606
2,709
3,107
813
Apr.
July
90
181
4,957
5,942
2,901
3,301
500
Apr.
July
1
1
8
8
91
182
5,084
6,539
3,004
3.501
501
Apr.
July
Apr.
July
15
15
22
22
91
182
91
182
2,992
3,403
490
3.001
487
Apr.
July
29
29
91
182
5,783
5,457
4,588
5,488
4,774
5,844
595
3,103
3,202
704
702
3.302
715
3,393
3.102
3.502
702
43
January 1978
.PUBLIC DEBT OPERATIONS
Table PDO-3. - New Money Financing through Regular Weekly Treasury BiUsi/-Continued
________________________________________ (Dollar amounts in millions)
Description of issue
Issue
date
1Q76-Feb.
Apr.
May
Maturity
date
5.,
2976_May
Aug.
6
13.,
May
Aug.
13
26.,
22.,
27
26
91
182
4,700
5,121
July
22
21
91
182
29
28
Nov.
Aug.
July
Aug.
5
3,102
3.902
2.902
3,731
91
182
5,504
5,370
5,572
6,033
2,506
5
4
91
182
5,557
7,702
2.603
3,601
12
91
183
2.603
3,602
2.502
3.503
2,500
3,602
2.504
3.503
Nov.
12
Aug.
19
Nov.
27.,
Aug.
Nov.
18
26
26
91
183
3.,
Sept.
Dec.
2
2
91
182
3,915
6,567
10.,
Sept.
Dec.
91
182
17.,
Sept.
Dec.
9
9
16
16
24.
Sept.
Dec.
23
23
Sept.
Dec.
30
30
7
182
6
182
14
13
28
27
91
1.
19..
91
-295
-292
-291
-302
91
182
Aug.
18
17
91
182
4,449
6,065
4,636
6,288
25
25
91
183
4,033
6,505
2,204
3,303
2.103
3,203
2,099
3,20k
4.823
5.131
4.996
5.234
5.142
5.353
—896
10
2,004
-903
3,002
4*993
5.192
5.047
5.234
2,003
5.000
-308
23..
30..
Sept.
Dec-
29
29
182
6
5
13
91
182
91
12
20
182
91
4,221
Oct.
.1978-Jan.
91
21..
1977-Oct.
1978-Jan.
1977-Oct.
1978-Jan.
19
182
Sept. 15..
1977-Dec.
\ 1978-Mar.
15
16
182
22
.,
-211
11
Sept.
Dec.
Sept.
Dec.
f
Nov.
25 #
Dec.
1..
1977-Dec.
1978-Mar.
Fe’b.
May
Mar.
June
8.,
Mar.
June
22
-205
Nov.
91
4,056
5,487
4,016
6,337*
4,060
5,206
3,751
4,987
4,194
6,347
3,753
5.809
4,379
5,821
u..
2.303
3,300
5.368
5.754
5.411
5.767
5.190
5.430
4.518
4.839
-199
Aug.
182
91
182
91
182
91
182
91
182
7.,
2,302
-209
4.807
5.052
91
1
1
8
8
15
15
22
22
“
4.920
5.338
5.072
5.425
5.250
5.727
5.495
S.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
-195
2.304
3,307
Nov.
16..
-193
199
4,375
6,054
Sept.
Dec.
Sept.
Dec.
9..
4.763
5.089
4.910
5.230
700
91
182
Aug.
2..
2,106
3.103
$708
Nov.
Nov.
26.,
91
182
4,360
5,364
4,376
5,523
4.812
5.066
4.872
5.133
4.869
5.204
182
Oct.
..
91
182
2,309
3,3992.103
3,202
New money
increase, or
decrease (-)
4
3
July
Aug.
12
91
182
3,404
2,609
3.502
Average rate
of bids
accepted 2/
(Percent)
4,163
5,222
4,,253:
7,809
7,134
6,198
5,032
5,845
Oct.
i 1977-Jan.
[1976-Oct.
1977-Jan.
28.,
$3,109
3,804
4,709
.
r
Amount
of bids
accepted
6,212
5,739
6,519
4,624
6,508
4,955
7,382
May
July
May
Aug.
6.
15.,
June
12
Oct.
8.,
1977-Apr.
$4,5056,558
29.,
20
July
Amount
of bids
tendered
91
182
90
181
Oct.
13.
June
Number of
dajas to
maturity
Mar.
15..
June
29
Mar.
June
23
23
25
2
1
16
15
30
29
91
91
182
90
181
91
182
6,627
4,083r
6,015
5,678
5,685
4.809
6,061
91
182
4,535
7,041
4,435
7,124
91
182
91
182
5,024
5,928
4,378
7,193
3,402
2.505
3.506
2,514
3.503
3,102
2,007
3,001
2,000
3,001
2.104
3,201
2,303
3,305
2,203
3,404
2.301
3,408
5.166
5.013
5.222
4.965
5.172
5.045
5.246
-200
-188
-92
-405
-702
-701
-909
-697
-208
-402
-398
5.162
-296
5.357
5.214
5.436
-197
2,515r
3,377
2,507
3.502
2.302
3.503
2.302
3,501
5.887
6.098
5.851
5.976
6.054
6.384
6.057
6.371
2,204
3.403
6.048
2,310
3.404
2,105
3,386
6.073
6.371
786r
905
301
400
397
6.348
197
6,121
6.460
offered would he $200 million more
2/
%/
issues of°strlps of additional
regular weekly bills for cash on June 5, 1974 ($801 million;.
Equivalent average rate on bank discount basis.
On Jtme 1 1 , 1974, the Treasury announced that the amount of b in s
special Treasury issues and marketable Treasury
"Revised*
of the
“
of
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury B ills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities l/
6/20/74
7/2/74
7/23/74
7/24/74
7/30/74
7/30/74
8/1/74
8/6/74
8/7/74
8/8/74
8/21/74
8/28/74
8/7/74
8/15/74
8/15/74
8/15/74
8/27/74
9/4/74
9/18/74
9/24/74
8.341# Bill
9/24/74
2/
10/16/74
10/23/74
10/29/74
11/6/74
11/7/74
13/8/74
11A3/74
11/20/74
11/21/74
li/26/74
12/11/74
12/23/74
12/30/74
1/2/7 ✓
9/30/74
8-1/4# Note
10/1/74
11/4/74
11/15/74
11/15/74
11/15/74
11A9/74
12/3/74
12/4/74
12/5/74
12A7/74
12/31/74
1/7/75
1/9/75
1-1/2# Note
7.629# Bill
7-7/8# Note
7.933# Bill
7-3/4# Note
7-3/4# Note
8-1/2# Bond
3/8/75
1/14/75
6.378# Bill
1/28/75
1/29/75
1/30/75
2/5/75
2/19/75
2/18/75
2/18/75
2/18/75
2/11/75
7-1/8# Note
7-3/8# Note
7-7/8# Bond
3/5/75
3/11/75
3/13/75
3/18/75
3/20/75
4/1/75
1/
4/2/75
10/22/74
11/6/74
3/3/75
3/11/75
3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/1/75
4/8/75
4/8/75
4/15/75
4/30/75
4/14/75
4/30/75
5/6/75
5/6/75
5/7/75
5/8/75
5/14/75
5/22/75
5/28/75
6/17/75
6/24/75
6/25/75
7/17/75
7/24/75
7/29/75
7/30/75
7/31/75
8/7/75
8/14/75
8/20/75
8/21/75
9/4/75
5/15/75
5/15/75
5/15/75
5/27/75
6/6/75
6/3/75
6/30/75
7/1/75
7/9/75
7/31/75
7/29/75
8/15/75
8/15/75
8/15/75
8/8/75
8/29/75
8/26/75
9/4/75
9/5/7?
9/5/75
9/4/75
9/16/75
9A7/75
9/24/75 y
2/
10/7/75
10/15/75
10/16/75
10/29/75
10/30/75
9/30/75-=
9/23/75
10/7/75
10/1/75
10/22/75
10/21/75
10/31/75
11/17/75
U/17/75
Footnotes at end of table.
8.256#
8.049#
7.836#
9.655#
9#
9#
8-1/2#
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. V
5/15/77-D
Bill
Bill
Bill
Bill
Note
Note
Bond
8A5/80-B
5/15/94-99 - Reopening
9.564# Bill
9.767# Bill
7.362#
7.426#
7.527#
7.521#
6.625#
7-1/4#
7-7/8#
8#
5.313#
(5-7/8%
\6%
5.637#
Bill
Note
6#
6-1/2# Note
8-1/4# Bond
7-1/8# Note
1-1/2% Note
6‘.475# Bill
6.560# Bill
7-3/8# Note
6.400# Bill
7-5/8# Note
8#
8-1/4#
6-3/4%
6-1/2%
5.803#
6-1/2#
6.292#
7-3/4#
7-1/2#
6.782#
7-7/8#
8-1/8#
Note
Bond
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
Note
8-3/8#
6.280# Bill
8-3/4# No^e
7.331# Bill
8-1/2# Note
6.175# Bill
6.156# Bill
8-3/8# Note
7.338# Bill
Note
8#
1-1/2# Note
8-1/8# Note
6.600# Bill
7-1/2# Note
7-7/8# Note
8-3/8#
2y 9m
6y
24y 9m
9/23/75
9/30/76-J
10/1/79-E0
10/21/75
5/15/79-D
ll/15/77-E
ll/15/81-B
5/15/94-99 - Reopening
2/10/76
8/31/76-L
2/28/77-F
£5y
3/31/77-G
5/15/90
11/30/76-N
4/3/80-EA
9/30/77-M
9/21/76
2/28/78-G
10/1/80-E0
3,354
364d
2,967
3,189
4,272
3y
2m
292d
364d
3y 3m
75r
3Qy
2y
ly 5m
47
2y
364d
2y 9m
7*
25y
I8d
2y
4y
364d
lm
13d
20d
364d
2y 5m
5y
3y 2m
12/31/78-H
10/19/76
10/31/77-N
2y
11/15/82-C
7*
8/15/95-2000-ReopenIhg 24y 9m
2,205
1,253
756
697
400
150
3*263
1,768
364d
752
697l
400)24/
150/
21/
22/
22/
25/
26/
32/
2S/
22/
1,762
1,580
JQ/
Jl/
.22/
32/
2,576
1,247
1,507
.24/
2,505
1,586
1.579
2,435
2,300
1,233
850
1 ,3 7 2
902
313
3,000
3,236
33
2,855
1,514
754
2,137
1.579
2,404
2,170
2,591
1,782
1,516
2,293
3,051
801
1,000
2,021.
2,893
2,081
849
700
3,192
2,858
2,115
3
3,331
3,858
4,719
4,461
2,246
7720/
2,102
1,848
6,899
1Z/
IS/
2,103
1,662
1,665
37135
3,681
6,133
3,972
16/
r
2,001
2,666
364d
1,059
2,001
77
4,158
4,427
5.390
3,865
3,851
2,775
3.321
5,384
5.391
4,591
5,657
3,670
1,978
6,669
4,956
7,121
4*362
14/
2,251
3,572
364d
12/
1,001
3,796
364d
1.501
2,570
1,766
6Q3
205^2/
1,256
2,898
15y lm
ly 8m
5y
2y
1,818
2,002
3,438
2,993
2,961
2y
4/6/76
1/31/76
4/30/77-H
5/4/76
8/15/78-E
5/15/82-A
5/15/00-05
5/31/77-1
10/31/76-0
6/1/76
6/30/77-J
6/29/76
6/30/79-E
7/31/77-K
7/27/76
5/15/78-F
8/15/82-B
8/15/95-2000
8/26/75 - Reopening
8/31/77-L
8/24/76
9/30/79-F
9/18/75 - Reopening
9/25/75 - Reopening
364d
ly 6m
2y
1,059
949
338
3,355
6,698
4,241
2,284
3m
8m
1.803
205
1
1,016
364d
W
11/
2.003
2.003
364d
134d
22d
194d
Allot
ment
ratio
1.803
3,580
3.275
1,816
3,802
4,904
1,671
2,481
3,749
2,807
1,760
1,915
In exchange
4/
1,802
1.501
1,806
1,526
2,393
1,835
400
2.274
3,860
4,403
364d
6y
For
cash
364d
2y
4y 4m
ly 3m
3y
6y
Amount issued 2/
227d
3y
3/9/76
ll/15/81-B-Ret>pening
5/31/76-M
2,980
7*
1/13/76
5/15/78-D
2/15/81-C
2/15/95-2000
364d
24y 6m
12A6/75
-
4,934
4y 6m
(Average)
2,936
2,461
486
2,935
364d
299d
3,254
11A8/75
12/31/76-K
5/l5/79-D-Reopening
3/31/76-H-Reopening
4,4a
5y
4A6/75 Tax ant.
"Strip " of 5 Series
6/I7/75 Tax ant.
2,654
4.321
2,573
4,319
3,788
1,060
2y
6/19/75
Bill
Note
Note
Note
7-3/4# Note
364d
244d
364d
^4d
8/26/75
6/30/75
Bill
Bill
Bill
Bill
Bill
Note
Note
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Exchange
days) 2 /
384
150
2.517
3,062
3,156
2.517
1,001
25/
^233 b£/
22/
32/
S '
40/
42/
42/
* 4/
31}
W
42/
42/
42/
33 s y
3
52/
12/
££/
3841
1501
15/
52/
19/
January 1978
45
______________ PUBLIC DEBT OPERATIONS_______________
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Period to final
wauux xujr
(years, months,
days) ZJ
Issue
date
3/24/76
3/29/76
11/18/75
12/5/75
12/8/75
12/8/75
12/16/75
12/31/75
1/6/76
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2/17/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6A6
6.010#
5.822#
5.220#
5.140#
6.440#
7-1/4#
7-1/2#
5.578#
7-3/S#
6-3/S#
8#
5.572#
7#
8-1/4#
6-5/S#
6.010#
7-1/2#
6-3/4#
1-1/2#
7-3/8#
5.781#
Bill Bill Bill Bill Bill Note Note Bill Note Note Note Bill Note Bond Note Bill Note Note Note Note Bill -
4/29/76
5/4/76
5/5/76
5/7/76
5/4/76
5/17/76
5/17/76
5/17/76
5.645#
6-1/2#
7-7/8#
7-7/8#
Bill
Note
Note
Bond
-
5719/76
5/26/76
6/7/76
6/3/76
ta#
6/8/76
6/10/76
7-1/8#
6.309#
5.520jg
7-5/8#
Note
Bill
Bill
Note
-
11/13/75
12/2/75
12/5/75
12/5/75
12/10/75
12/16/75
12/22/75
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/76.
2/
6/23/76
6/21/76
6/29/76
6/20/76
7/21/76
7/27/76
7/30/76
6/30/76
7/9/76
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
11/30/76
12/7/76
12/10/76
12/14/76
12^1/76
1/06/77
l/n/77
2/tJ3/77
2/15/77
2/08/77
2/15/77
2/15/77
5-3/4#
5-7/S#
4.448#
4.708#
5-1/4#
6-1/8#
4.728#
5-7/8#
6-1/2#
5.345#
7-1/4#
7-5/8#
2/17/77
2/23/77
3/2/77
2/28/77
3/8/77
3/8/77
9/L5/76
9/21/76 7/
9/28/76
9/21/76
9/30/76
10/12/76
10A3/76
3/22/77
3/29/77
3/30/77
7/
4/1/77
4A9/77
10/1/76
3/31/77
4/4/77
4/5/77
4A/77
4/6/77
5/2/77
4/27/77
a s s
38S
5/18/77
5/24/77
5/25/77
5A6/77
5/31/77
6/3/77
5/31/77
Footnotes at end of table.
364d
6/17/76-Reopening
6/30/80-D
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
-
8/15/79-J
8/15/86-B 6/
8/15/1996-2001
8/23/77
8/31/78-Q
9/30/80-E
10/1/81-E0
5,666
5,180
6,046
364d
5,668
4,712
9,000
364d
9d
364d
364d
1,525
4,952
4,381
6,007
5,246
4,856
4,296
5,581
5,663
4,829
5,693
24,426
3y
LQy
*5y
364d
2y
4y
5y
364d
2,556
4,934
4,827
5,442
-
2y
6,454
5,335
1 1 /1 5 /S 1 -G
5y
4,205
1 0 /1 8 /7 7
1 0 /3 1 /7 8 -S
1 1 /1 5 /7 9 -K
2y
3y
9/30/7S-R
364d
11/15/83-B
7*r
2A5/95-2000-Reopening ;!3y 3m
11/30/78-T
12/31/80-F
4/21/77-Reopening
12/13/77
12/31/78-U
2/15/S2-D
1/10/7S
l/31/79-L
2 /1 5 /8 0 -G
2/07/78
2A5/84-A
2/15/2002-07
2/28/79-M
3/31/S1-H
3/7/78
6#
7#
5.158#
1-1/2#
4.632#
5-7/8#
5.163#
7-1/4#
7-5/8#
6-1/8#
6-3/4#
5.403#
3/31/79-N
5/15/82-E
4/4/78
4A/S2-EA
132d
364d
2y
5y lm
364d
2y
3y
364d
7*
3I0y
2y
4y lm
364d
2y
5y lm,
364d
>y
15d
364d
364d
Exchange
_
_
212
1,939
1,600
215
_
97
*
-
300
472
117
82
-
Amount issued 2/
For
cash
3,245
2,002
602
601
3,253
2,553
2,006
3,069
2,020
2,508
6,019
2,930
3,092
402
2,628
3,105
2,069
3,066
£1 exchange
U
-
212
52/
£0/
1,939
£2/
1,600
215
_
-
fc/
65/
&/
97
m/
w
_
62/
-
2,628
3,203
!$?
2,485
2,921
2,010
300
472
117
82
700
1,476
592
54
*
_
2,612
2,638'
2,586
2,977
2,855
2,289
8,039
983
2,953
2,895
2,141
2,917
26/
692
700
1,476
592
54
*
_
326
2,868
326
_
2 ,5 4 3
-
98
3 ,0 9 5
2 ,8 2 2
98
70
50
3,306
2,259
70
50
1,001
3,402
_
-
4,090
136
-
136
6,940
6,596
5,318
7,053
5,874
6,190
5,909
4,778
2,352
6,477
5,070
6,265
252
2,805
2,692
2,005
3,505
3,124
2,697
3,071
2,855
3,308
3,105
2,024
752
2,695
2,809
3,208
5,376
4,789
3,917
6,986
14,940
3,239
6,196
6,160
2,676
4,223
4,777
4,971
1,300
881
391
150
523
2,995
2,613
3,342
1
110
190
25/
26/
22/
28/
22/
so /
&/
8 1 -A /
82/
82/
35/
£6/
S ti
22/
S2/
_
252
_
22/
21/
1,300
22/
22/
881
391
150
523
24/
25/
96/
22/
22/
22/
1
4,506
1,882
2,966
2,623
900
2Q/
21/
22/
n /
-
2,185
692
-
Allot
ment
ratio
-
_
-
1,545
2y
4y lm
4/21/77-Reopening
4/30/79-P
2y
5/2/78
2/15/84-A-Reopening
6y 9 m
2/15/2002-2007-Reopening 2!9y 9 m
5/31/79-Q
fer
6/30/81-J
ky lm
5/30/78
5 ,2 1 9
4 ,3 2 4
5 ,6 9 1
6,469p
365d
11/15/77
5-7/8# Note 6-7/8# Note 5.226# Bill Note Note Bill Note Bill Note Bill Note Bond Note Note Bill -
4,913
4,481
712
4,959
364d
4y lm
9/20/77
5,482
5,289
1,657
1,977
6,013
4,390
4,294
4,901
3,328
3,603
5,507
4,851
4y
2y
5.v
4y 10-l/2m
5/3/77
4/30/78-L
2y
5/15/86-A
4/
LOy
2/15/95-2000-Reopening 23y 9m
2y
Cash
29,211
364d
3y
29y 3m
ly 9m
2y
11/15/76
11/15/76
11/15/76
8/31/76
9/14/76
5y 4m
2y
75r
7/26/77
7/31/78-P
11/4/76
11/5/76
11/9/76
8/19/76
8/31/76
7/
364d
2y
5y lm
1 0 /1 9 /7 6
1 1 /1 /7 6
1 1 /1 5 /7 6
8/24/76
2y
4y
6/28/77
6/30/78-N
8/15/81-F
1 0 /2 1 /7 6
1 1 /3 /7 6
8/18/76
8/16/76
8/16/76
8/16/76
363d
139d
lOd
18d
364d
6.081# Bill 6-7/8# Note 7-5/8# Note 5.739# Bill 6-7/8# Note 6-7/8# Note 8#
Note 8#
Bond 5.634# Bill 6-5/8# Note 6-7/8# Note 1-1/2# Note 5.561# Bill 6-I/4# Note 7#
Note 5 .1 2 6 # Bill 5 - 7 / 8 # Note 6 - 1 / 4 # Note 7#
Note 7-7/8# Bond 5.201# Bill -
7/20/76
S/3/76
S/4/76
8/6/76
11/15/76
4/22/76 - Reopening
I2/I8/75 - Reopening
12/26/75 - Reopening
12/L4/76
12/31/77 -P
12/31/79-C
1/11/77
5/15/81-D
I/3I/78-J
2/15/83-A 6/
2/8/77
2/15/79-H
5/15/2000-05 Reopening
11/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/l/Sl-EA
2/15/S1-E
4/5/77
Amount of sub
scriptions tendered
!;»
1,898
2,514
2,454
110
100/
2,623
900
190
101/
102/
103/
in//
46
Treasury Bulletin
_______________ PUBLIC DEBT OPERATIONS________________
Tabie PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
6/03/77
6/21/77
6/22/77
6/28/77
7/19/77
7/20/77
8/02/77
8/03/77
8/04/77
8/17/77
8/23/77
8/30/77
6/07/77
6/30/77
6/28/77
7/08/77
8/01/77
7/26/77
8/15/77
8/15/77
8/15/77
8/23/77
8/31/77
9/07/77
o/m
7/vl//7f*f7
Q
7//HA
UO//77
f(
9/14/77
9/20/77
9/30/77
U
10/1/77
10/17/77
9/21/77
10/5/77
10/12/77
10/18/77
10/28/77
10/18/77
10/31/77
11/15/77
11/1/77
11/15/77
11/2/77
11/4/77
11/9/77
11/22/77
11/29/77
11/30/77
11/15/77
12/7/77
12/21/77
12/27/77
11/7/77
1 1 /1 5 /7 7
11/30/77
12/2/77
12/7/77
12/13/77
1/3/78
1/6/78
Description of securities 2/
5.240#
6-1/8%
5.408%
7-1/4%
6-1/4%
5.647%
6-3/4%
7-1/4%
7-5/8%
6.105%
6-5/8%
6-3/4%
5.760#
5.760%
6.156%
6-5/8%
1-1/2%
7-1/8#
6.619#
7-1/4#
7-1/8#
7-5/8#
7-7/8#
6.390#
6.542#
7-1/8#
6.273#
7-1/4#
6.545#
7-1/8#
7-7/8#
Footnotes on following page.
Bill
Note
Bill
Bond
Note
Bill
Note
Note
Bond
Bill
Note
Note
Bill
Bill
Bill
Note
Note
Note
Bill
Note
Note
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
Note
Bond
_
_
_
_
_
_
_
_
_
_
_
_
~
Period to final
maturity
(years, months,
days) 2/
6/16/77-Reopening
6/30/79-R
6/27/78
8/15/92
15y lm
7/31/79-S
2y
7/25/78
8/15/80-H
8/15/84-B
2/15/2002-07-Reopening
8/22/78
8/31/79-T
9/30/81-K
9/15/77-Reopening
9/22/77-Reopening
9d
2y
364d
364d
3y
7*29y 6m
364d
2y
4y lm
9d
16d
364d
9/19/78
9/30/79-U
10/l/82-E0
11/L5/82-F
10/17/78
10/31/79-V
11/15/80-J
11/15/87-A
11/15/2002-07
11/15/77-Reopening
11/14/78
11/30/79-W
4/20/78-Reopening
12/31/81-L
12A2/78
12/31/79-X
2A5/93
2y
5y
5y lm
364d
2y
3y
lOy
3Qy
8d
364d
2y
139d
4y lm
364d
2y
15y lm
Amount of sub
scriptions tendered
Cash
9,460
4,900
5,478
3^699
4,706
5,901
7,929p
4,989p
2,140p
6,144
7,000p
5,141p
4,3l6p
5,278p
5,129p
6,100p
3,967p
Exchange
_
264
65
425
300
199
-
123
90
1
-
4,891p
6,827p
9,240p
218
625
4,255p
373
2,921p
6,416
5,693p
8,715p
7,406p
5,407p
5,826p
4,213p
2,966p
240
112
-
_
328
-
Amount issued 2/
Fei?
cash
2,002
2,044
2,253
1,504
3,115
3,038
3,6691.
2,511p
1,000
3,005
3,353p
2,96lp
901p
903p
3,048p
3,755p
_
2,727p
3,l62p
4,100p
3,9l8p
2,003p
l,254p
2,505
3,587p
4,671p
3,004p
3,436p
3,838p
3,560p
1,500p
In exchange
Allot
ment
ratio
u
_
264
65
425
300
199
105/
106/
107/
108/
109/
110/
-
123
90
1
-
m /
112/
113/
114/
218
625
11V
373
117/
240
_
112
116/
118/
119/
-
-
120/
_
328
-
121/
122/
January 1978
47
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-4.
Source:
Bureau of the Public Debt.
Note. All securities except EA & EO notes and those bearing footnote 6
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2 / In reopenings the amount issued is in addition to the amount of
original offerings.
i j For securities exchanged for the new issuej see Table PDO-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.
£/ Sold at fixed price by subscription.
7/ Exchange offering available to owners of nonmarketable 2-3/4# Treasui’y
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
8/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
2 / Prices accepted ranged from 101.28 (yield 8.48#) down to 100.86
(yield 8.65#) with the average 101.00 (yield 8.59#).
10/ Prices accepted ranged from 101.50 (yield 8.67#) down to 101.01
(yield 8.78#) with the average at 101.15 (yield 8.75#).
11/ Prices accepted ranged from 99.76 (yield 8.52#) down to 98.00 (yield
8.70#) with the average at 98.70 (yield 8.63#).
12/ Issued to Federal Reserve banks and Government accounts m exchange
for notes maturing September 30, 1974.
12/ Yields accepted ranged from 8.39# (price 99.75) down to 8.20# (price
100.09) with the average at 8.34# (price 99.84).
14/ Yields accepted ranged from 7.93# (price 99.787) down to 7.78#
(price 100.349) with the average at 7.89# (price 99.37).
15/ Issued to Federal Reserve banks and Government accounts m exchange
for securities maturing November 15, 1974.
16/ Yields accepted ranged from 7.87# (price 99.685) down to 7.78#
(price 99.921) with the average at 7.85# (price 99.737).
17/ Yields accepted ranged from 7.86# (price 99.416) down to 7.75#
(price 100.000) with the average at 7.82# (price 99.628).
18/ Prices accepted ranged from 103.50 (yield 8.17#) down to 102.79
(yield 8.23#) with the average at 103.04 (yield 8.21#).
12/ Sale of a "strip" of Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts m exchange
for notes maturing December 31, 1974.
21/ Yields accepted ranged from 7.37# (price 99.781) down to 7.15#
(price 100.183) with the average at 7.32# (price 99.872).
22/ Prices accepted ranged from 102.20 (yield 7.27#) down to 101.80
(yield 7.37#) with the average at 101.95 (yield 7.33#).
23/ Prices accepted ranged from. 100.91 (yield 7.18#) down to 100.80
(yield 7.27#) with the average at 100.84 (yield 724#).
2^/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975.
25/ Yields accepted ranged from 7.17# (price 99.814) up to 7.23# (price
99.643) with the average at 7.21# (price 99.700).
26/ Yields accepted ranged from 7.40# (price 99.881) up to 7.52# (price
99.311) with the average at 7.49# (price 99.453).
27/ Yields accepted ranged from 7.89# (price 99.837) up to 7.96# (price
99.084) with the average at 7.95# (price 99.191).
28/ Yields accepted ranged from 5.88# (price 99.993) up to 5.98# (price
99.852) with the average at 5.94# (price 99.908).
29/ Yields accepted ranged from 5.97# (price 100.056) up to 6.12# (price
99.778) with the average at 6.09# (price 99.834).
30/ Prices accepted ranged from 101.51 (yield 7.45#) down to 101.07
(yield 7.54% with the average at 101.21 (yield 7.51#).
31/ Yields accepted ranged from 5.90# (price 100.082) up to 6.01# (price
99.757) with the average at 5.98# (price 99.991).
32/ Yields accepted ranged from 6.40# (price 100.185) up to 6.60# (price
99.815) with the average at 6.51# (price 99.982).
33/ Yields accepted ranged from 8.15# (price 100.826) up to 8.37# (price
98.947) with the average at 8.31# (price 99.455).
34/ Yields accepted ranged from 6.95# (price 100.234) up to 7.19# (price
99.865) with the average at 7.15# (price 99.926).
35/ Yields accepted ranged from 7.37# (price 100.009) up to 7.45# (price
99.863) with the a\erage at 7.43# (price 99.900),
36/ T3su<=d to Federal Pf*serve banks and Government accounts in exchange
for notes maturing May 15, 1975.
37/ Yields accepted ranged from 7.60# (price 100.001) up to 7.74# (price
99.604) with the average at 7.70# (price 99.717).
38/ Yields accepted ranged from 7.96# (price 100.212) up to 8.02# (price
99.894) with the average at 8.00# (price 100.000).
39/ Yields accepted ranged from 8.25# (price 100.000) up to 8.32# (price
99.232) with the average at 8.30# (price 99.450).
£ 0 / Yields accepted ranged from 6.79# (price 99.924) up to 6.92# (price
*
99.683) with the average at 6.86# (price 99.794) .
41/ Yields accepted ranged from 6.38# (price 100.158) up to 6.58# (price
99.895) with the average at 6.54# (price 99.947).
42/ Yields accepted ranged from 6.50# (price 100.000) up to 6.69# (price
99.650) with the average at 6.61# (price 99.797).
43/ Yields accepted ranged from 7.74# (price 100.034) up to 7.85# (price
99.664) with the average at 7.83# (price 99.731).
44/ Yields accepted ranged from 7.49# (price 100.018) up to 7.53# (price
99.945) with the average at 7.52# (price 99.963).
45/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1975.
46/ Yields accepted ranged from 7.75# (price 100.233) up to 7.97# (price
99.695) with the average' at 7.94# (price 99.768).
47/ Yields accepted ranged from'8.06# (price 100.343) up to 8.18# (price
99.711) with the average at 8.I4# (price 99.921).
48/ Yields accepted ranged from 8.38# (price 99.948) up to 8.48# (price
98.917) with the average at 8.44# (price 99.327).
49/ Yields accepted ranged from 8.15# (price 100.180) up to 8.29# (price
99.926) with the average at 8.25# (price 99.998).
50/ Yields accepted ranged from 8.45# (price 100.145) up to 8.56# (price
99.773) with the average at 8.54# (price 99.840).
51/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
52/ Yields accepted ranged from 8.40# (price 99.955) up to 8.46# (price
99.847) with the average at 8.44# (price 99.883).
53 Yields accepted ranged from 8.05# (price 99.893) up to 8.13# (price
99.722) with the average at 8.10# (price 99.786).
54/ Yields accepted ranged from 8.06# (price’101.121) up to 8.19# (price
99.761) with the average at 8.14# (price 99.,899).
55/ Yields accepted ranged from 7.47# (price 100.055) up to 7.59# (price
99.836) with the average at 7.55# (price 99.909).
56/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing November 15, 1975.
57/ Yields accepted ranged from 7.87# (price 100.027) up to 7.95# (price
99.603) with the average at 7.92# (price 99.762).
58/ Prices accepted ranged from 101.73 (yield 8.21#) down to 101.34
(yield 8.24#) with the average at 101.50 (yield 8.23#).
52/ Yields accepted ranged from 7.24# (price 100.018) up to 7.31# (price
99.890) with the average at17.28# (price 99.945).
60/ Yields accepted ranged from 7.43# (price 100.238) up to 7.53# (price
99.898) with the average at 7.50# (price 100.000).
61/ Yields accepted ranged from 7.35# (price 100.108) up to 7.42# (price
99.806) with the average at 7.40# (price 99.892).
62/ Yields accepted ranged from 6.41# (price 99.935) up to 6.51# (price
99.751) with the average at' 6.49# (price 99.788).
62/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00#).
64/ Yields accepted ranged from 7.00# (price 100.000) up to 7.09# (price
99.761) with the average at 7.05# (price 99.867).
65/ Prices accepted ranged from 102.14 (yield 8.05#) down to 101.42
(yield 8.12#) with the average at 101.75 (yield 8.09#).
66/ Yields accepted ranged from 6.57# (price 100.039) up to 6.64# (price
99.925) with the average at 6.62# (price 99.957).
67/ Yields accepted ranged from 7.50# (price 99.990) up to 7.55# (price
99.818) with the average at 7.54# (price 99.853).
68/ Yields accepted ranged from 6.71# (price 100.074) up to 6.80# (price
99.908) with the average at 6.76# (price 99.982).
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4.—Continued
69/ Yields accepted ranged from 7.35# (price 100.101) up to 7.39# (price
99.940) with the average at 7.38# (price 99.980).
70/ Yields accepted ranged from 6.59# (price 99.837) up to 6.63# (price
99.765) with the average at 6.61# (price 99.801).
71/ All accepted subscriptions were awarded at the price of 100.00
(yield 7.875#).
72/ Prices accepted ranged from 97.50 (yield 8.11#) to 96.36 (yield
8.22#) with the average at 96.73 (yield 8.19#).
73/ Yields accepted ranged from 7.08# (price 100.082) up to 7.19#
(price 99.881) with the average at 7.16# (price 99.936).
74/ Yields accepted ranged from 7.68# (price 99.796) up to 7.73#
(price 99.625) with the average at 7.71# (price 99.693).
75/ Yields accepted ranged from 6.96# (price 99.844) up to 7.01#
(price 99.752) with the average at 6.99# (price 99.789).
76/ Yields accepted ranged from 7.60# (price 100.076) up to 7.64#
(price 99.909) with the average at 7.63# (price 99.951).
77/ Yields accepted ranged from 6.90# (price 99.953) up to 6.96# (price
99.843) with the average at 6.95# (price 99.861).
78/ Yields accepted ranged from 6.88# (price 99.987) up to 6.92# (price
99.880) with the average at 6.91# (price 99.907).
79/ All accepted subscriptions were awarded at the price of 100.00 (yield
8.00#).
80/ Yields accepted ranged from 7.98# (price 100.215) up to 8.03# (price
99.679) with the average at 8.01# (price 99.893).
81/ Yields accepted ranged from 6.59# (price 100.065) up to 6.69# (price
99.880) with the average at 6.67# (price 99.917).
81-A/ Yields accepted ranged from 6.90# (price 99.903) up to 6.94# (price
99.764) with the average at 6.93# (price 99.799).
82/ Yields accepted ranged from 6.27# (price 99.963) up to 6.32# (price
99.870) with the average at 6.30# (99.907).
83/ Yields accepted ranged from 7.02# (price 99.894) up to 7.10# (price
99.557) with the*average at 7.'08#'(price 99.641).
84/ Yields accepted ranged from 5.88# (price 99.991) up to 5.99# (price
99.787) with the average at 5.96# (price 99.842).
85/ Yields accepted ranged from 6.32# (price 99.811) up to 6.37# (price
99.677) with the average at 6.36# (price 99.704).
86/ Yields accepted ranged from 7.00# (price 100.000)up to 7.02# (price
99.891) with the average also at 7.02#
87/ Prices accepted ranged from 101.05 (yield 7.77#) down to 100.58
(yield 7.82#) with the average at 100.79 (yield 7.80#).
88/ Yields accepted ranged from 5.76# (price 99.981) up to 5.94# (price
99.647) with the average at 5.86# (price 99.795).
89/ Yields accepted ranged from 5.87# (price 100.007) up to 5.92# (price
99.829) with the average at 5.91# (price 99.864).
20/ Yields accepted ranged from 5.29# (price 99.925) up to 5.38# (price
99.757) with the average at 5.37# (price 99.775).
2 1 / Yields accepted ranged from 6.15# (price 99.872) up to 6.20# (price
99.656) with the average at 6.19# (price 99.699).
22/ Yields accepted ranged from 5.94# (price 99.880) up to 5.99# (price
99.787) with the average at 5.97# (price 99.824).
93/ Yields accepted ranged from 6.56# (price 99.839) up to 6.64# (price
99.625) with the average at 6.62# (price 99.678).
9A/ Yields accepted ranged from 7.21# (price 100.217) up to 7.27# (price
99.892) with the average at 7.25# (price 100.000).
95/ Yields accepted ranged from 7.58# (price 100.530) up to 7.63# (price
99.941) with the average also at 7.63#.
96/ Yields accepted ranged from 5.95# (price 99.861) up to 5.99# (price
99.786) with the average at 5.98# (price 99.805).
21/ Yields accepted ranged from 6.85# price 100.073) up to 6.90# (price
99.898) with the average at 6.88# price 99.968).
28/ Yields accepted ranged from 5.99# price 100.019) up to 6.03# (price
99.944) with the average at 6.02# price 99.963).
22/ Yields accepted ranged from 6.98# price 100.058) up to 7.03# (price
99.846) with the average at 7.02# price 99.889).
100/ Yields accepted ranged from 5.84# price 100.065) up to 5.89# (price
99.972) with the average at 5.87# price 100.009).
101/ Prices accepted ranged from 100.00 yield 7.24#) down to 99.76 (yield
7.29#) with the average at 99.81 (yield 7.28#).
102/ Prices accepted ranged from 98.54 yield 7.75#) down to 98.13 (yield
7.78#) with the average at 98.25 (yield 7.77#).
L03/ Yields accepted ranged from 6.20# price 99.861) up to 6.25# (price
99.768) with the average at 6.23# price 99.805).
L04/ Yields accepted ranged from 6.75# price 99.984) up to 6.82# (price
99.738) with the average at 6.80# price 99.808).
105/ Yields accepted ranged from 6.11# price 100.028) up to 6.14# (price
99.972) with the average at 6.14# price 99.972).
106/ Yields accepted ranged from 7.27# price 99.792) up to 7.30# (price
99.520) with the average at 7.29# price 99.611).
107/ Yields accepted ranged from 6.25# ;*rice 100.000) up to 6.35# (price
99.815) with the average at 6.34# price 99.834).
108/ Yields accepted ranged from 6.78# price 99.920) up to 6.85# (price
99.733) with the average at 6.84# price 99.760).
109/ Yields accepted ranged from 7.24# price 100.054) up to 7.27# (price
99.892) with the average at 7.26# price 99.946).
110/ Prices accepted ranged from 99.10 yield 7.7Q#> down to 98.80 (yield
7.73#) with the average at 98.94 (yield 7.72#).
m / Yields accepted ranged from 6.65# price 99.954) up to 6.68# (price
99.899) with the average also at 6 68#.
112/ Yields accepted ranged from 6.80# price 99.811) up to 6.85# (price
99.636) with the average at 6.84# price 99.671).
113/ Yields accepted ranged from 6.71# price 99.843) up to 6.75# (price
99.770) with the average at 6.74# price 99.788).
m / Yields accepted ranged from 7.15# price 99.876) up to 7.20# (price
99.666) with the average at 7.18# price 99.750).
m / Yields accepted ranged from 7.20# price 100.092) up to 7.29# (price
99.927) with the average at 7.27# price 99.963).
116/ Yields accepted ranged from 7.22# price 99.748) up to 7.25# (price
99.668) with the average at 7.24# price 99.695).
117/ Yields accepted ranged from 7.66# price 99.759) up to 7.71# (price
99.415) with the average at 7.69# price 99.552).
118/ Yields accepted ranged from 7.92# price 99.487) up to 7.95# (price
99.148) with the average at 7.94# price 99.261).
119/ Yields accepted ranged from 7.12# price 100.009) up to 7.14# (price
99.972) with the average at 7.13# price 99.991).
120/ Yields accepted ranged from 7.29# price 99.845) up to 7.32# (price
99.741) with the average at 7.31# price 99.776).
121/ Yields accepted ranged from 7.16# price 99.936) tip to 7.23# (price
99.808) with the average at 7.20# price 99.863).
122/ Yields accepted ranged from 7.92# price 99.575) up to 7.96# (price
99.228) with the average at 7.95# price 99.315).
Less than $500,000.
Preliminary.
January 1978
49
_____________________________________ 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
Eligible securities exchanged
1Q 78
$2,511
2,115
97
3,066
3,162
$99,788
99.786
99.982
99.982
300
2,274
2,574
578
118
3,264
3,960
1,372
3,051
99.801
99.801
6.61
6.61
5-3/4#
2/
Note
5/15/76-E
99.700
99.700
99.700
7.21
7.21
7.21
5-3/4#
5-7/8#
2/
Note
Note
2/15/75-A
2/15/75-E
99.768
99.768
7.94
7.94
5-7/8#
2/
Note
8/15/75-C
99.936
99.936
7.16
7.16
2/
99.789
99.789
6.99
6.99
8-3/4#
2/
99.861
6.95
2/
7-1/4#
4-1/4#
2/
6-3/8#
8#
Note
Note
-
l/31/78-J
2/28/78-G
2/2/76
10/7/75
6-3/4#
Note
-
3/31/78-K
3/31/76
6-1/2# Note
-
4/30/78-L
5/17/76
7-1/8# Note
-
5/15/78-D
2/18/75
7-7/8# Note
-
5/15/78-F
8/15/75
-
5/31/7&-M
6/1/76
6-7/8# Note
-
6/30/78-N
6/30/76
6-7/8#
-
7/31/7&-P
7/30/76
3,331
2,855“
343
240
7-1/8#
Note
Note
8-3/4#
Note
-
8/15/78-C
5/15/74
7-5/8#
Note
-
8A5/78-E
5A5/75
-
8/31/78-Q
8/31/76
4,423
82
2,485
2,567
692
2,638
2,462
”2,100“
2,855
100.07
100.07
100.07
6.49#
8.10
6.76
6.76
8.73
8.73
8.73
3/31/76-H
5/31/76-M
Note
6/30/76-1
Note
Bond
5/15/74-D
5/15/74
5/15/75-B
99.717
99.717
7.70
7.70
54
2,895
99.917
99.917
6.67
6.67
2/
2,949
326
2,868
3,195
99.907
99.907
6.30
6.30
98
2,822
2,921
99.842
99.842
5,155
6-5/8# Note
6-1/4# Note
-
9/30/78-R
9/30/76
5-7/8# Note
-
10/31/78-6
11/1/76
Note
8/31/76-L
8-1/4#
2/
Note
9/30/76-J
5.96
5.96
6-1/2#
2/
Note
10/31/76-0
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#
Note
Note
Note
Note
Note
Bond
Bond
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-1
11/15/71
8/15/72
99.795
99.795
5.86
5.86
7-1/8#
2/
11/30/76-H
2,517
252
3,124
3,376
99.899
99.775
99.775
8.14
5.37
5.37
2/
7-1/4#
2/
12/31/76-K
2,885
368
1,232
3,092
4,692”
150
2,695
2,845
523
2,995
3,519
99.824
99.867
99.867
99.867
5.97
7.05
7.05
7.05
2/
6-1/4#
5-7/8#
2/
99.805
99.805
5.98
5.98
99.963
99.963
6.02
6.02
Note
-
11/15/78-B
11/15/71
633
3,109
1,446
602
841
509
1,067
5-3/4# Note
-
11/30/78-T
11/30/76
8,207
136
2,805
6#
5-7/8#
2,941
8-1/8# Note
5-1/4# Note
197Q
5-7/8# Note
-
12/31/78-H
12/31/78-U
10/22/75
12/31/76
-
1/31/79-L
2/3/77
7#
Note
-
2/15/79-fl
2/17/76
5-7/8#
Note
-
2/28/79-M
2/28/77
6#
Note
-
Footnotes at end of table.
3/31/79-N
3/31/77
{
6-1/2#
2/
Note
Note
2/15/76-A
2/15/76-F
Note
2/28/77-F
3/31/77-G
50
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
Date of
financing
vm
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
5.98#
5.98
6#
2/
Note
-
2/28/77-F
6.02
6.02
6-1/2#
2/
Note
*■
3/31/77-G
Note
-
4/30/77-H
Note
-
5/31/77-1
6/30/77-J
5-7/8#
Note
-
2/28/79-M
2/28/77
/
<
$ 150
2,695
$99,805
99.805
6#
Note
-
3/31/79-N
3/31/77
r
\
2,845.
523
2,995
3,519
99.96;
99.963
5-7/8#
Note
4/30/79-P
5/2/77
7-7/8#
Note
5/15/79-D
11/6/74
1/7/75
5/31/77
6-1/8#
-
Note
5/31/79-Q
7-3/4#
Note
-
6/30/79-E
7/9/75
6-1/8#
Note
-
6/30/79-R
6/30/77
/
V
,
r
\
/
V
Eligible securities exchanged
110
1,882
1,992
100.009
100.009
5.87
5.87
7-3/8#
2/
1,016
99.937
101.95
99.805
99.805
7.89
7.52
6.23
6.23
2/
6-3/4#
2/
1,253
190
1,898
2,087
1,782
264
2,044
99.731
99.972
99.972
7.83
2/
6.14
6.14
6-1/2#
2/
Note
-
99.834
99.834
6.34
6.34
7-1/2#
2/
Note
-
7/31/77-K
99.907
99.907
6.91
6.91
7-1/2#
2/
Note
-
8/15/76-C
99.899
99.899
6.68
6.68
8-I/4#
2/
Note
-
8/31/77-L
9/30/77-M
2,303
6-1/4#
6-7/8#
Note
Note
-
-
7/31/79-S
8/15/79-J
8/1/77
8/16/76
r
V
f
\
6-5/8#
Note
8/31/79-T
2,989
123P
3,359p
3,481p__
2,081
8/31/77
"
8-1/2#
Note
-
9/30/79-F
9/4/75
6-5/8#
Note
-
9/30/79-U
9/30/77
10/31/79-V
f
{
7-1/4#
Note
-
6-5/8#
Note
-
11/15/79-B
2/15/73
/
\
7#
Note
-
11/15/79-C
11/15/73
/
\
6-1/4#
Note
-
11/15/79-K
11/15/76
7-1/8#
Note
-
11/30/79-W
11/30/77
7-1/2#
1980
6-1/2#
Note
-
12/31/79-G
1/6/76
Note
-
2/15/80-G
2/15/77
10/31/77
/
\
f
Bond
-
2/15/80 1/
f 1/23/59
\jL2/l5/62
Note
6-7/8#
Note
-
3/31/80-C
3/17/76
5/15/80-A
5/15/73
8.54
99.788
99.788
6.74
6.74
8-3/8#
2/
Note
-
218p
4,113p
4,331p
99.963
99.963
7.27
7.27
7-1/2#
2/
Note
- 10/31/77-N
595
1,009
1,604
220
2,021
99.40
99.40
6.73
6.73
4-7/8#
2/
Note
-
100.88
100.88
6.82
6.82
4-1/2#
2/
Bond
-
11/15/73
99.704
99.704
6.36
6.36
6-1/4#
2/
Note
-
11/15/76-D
99.991
99.991
7.13
7.13
6-5/8#
2/
Note
-
11/30/77-Q
7.51
2/
Note
-
2/15/77-A
2,241
70
3,306
3,376
112p
4,6779
4,789p
100.00
2/15/73-D
1,300
3,308
4,608
99.678
99.678
6.62
6.62
8#
2/
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&G savings bonds
2/
r
f
884
34
*
34
2,069
2,636
2,585
2/
7-3/4#
4-3/4#
2/
-
2,043
7.54
7.00
7.00
7.00
Note
Note
5/15/73-A
5/15/73-E
V
99.853
99.29
99.29
99.29
7 .7 1
f
2,185
2,461
Note
-
8/15/74-B
V
M 35
2/
5-5/8#
2/
Note
-
8/15/77-B
.
I
V
7-1/2#
’2/
99.840
90p
3,771p
3,861p
2,006
I
4#
65
3,115
3,18a
700
2,289
7 ,2 6 5
7-5/8#
9#
Note
Note
-
6/30/80-D
8/15/80-B
6/10/76
8/15/74
9 9 .6 9 3
101.15
101.15
8.75
8.75
4 ,2 9 6
6-3/4#
Note
-
8/15/80-H
8/15/77
T
L
425
3,708-
99.760
99.760
6.84
6.84
7-3/4#
2/
99.799
6.93
2/
99.695
99.695
7.24
7.24
7^3/4#
99.867
5.91
2/
4,133
6-9/8#
7-1/8#
5-7/8#
Note
Note
Note
-
9/30/80-E
-
ll/15/80-J
9/14/76
11/15/77
12/31/80-F
12/7/76
-
Footnotes at end of table.
(
I
2,141
625p
3.969P
4,594p
2,692
Note
-
11/15/77-E
51
January 1978
, PUBLIC DEBT OPERATIONS.
PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
Date of
financing
1981
7%
7-3/8%
2/15/81-A
2/15/81-C 2 /
Note
2/15/74
2/18/75
Amount issued
(In millions)
$ 25
302
1,515
1,842
400
1,768
2,168
Average price
per hundred
$100.28
100.28
100.28
Effective
interest
rate
6.95$
6.95
6.95
Eligible securities exchanged
7-3/4%
4-1/8%
99.453
99.453
7.49
7.49
5-3/4%
2J
* 4/5/76
2,628
99.980
7.38
2/
3/8/77
99.968
99.892
2/
27
7-3/8%
Note
Note
3/31/81-H
5/15/81-D
1/26/76
2,809
2,020
6-3/4%
7-5/8%
Note
6/30/81-J
6/3/77
2,514
99.808
6.88
7.40
6.80
Note
8/15/81-F
7/9/76
Bond
8/15/81
8/15/71
99.951
99.20
99.20
99.20
7.63
7.11
7.11
7.11
2/
7%
2,586
202
411
195
807
6-3/4%
Note
9/30/81-K
9/7/77
11/15/81-B
99.671
99.628
99.628
6.84
7.82
7.82
2/
jll/15/74
101.25
99.641
7.70
7.08
1/
2,543
7.31
2/
6-7/8$
7-3/4%
Note
949
1,766
2,715
1,762
Note
Bond
_
2/15/
.74-C
2/1!
15/74
-
2/
Note
2/15/75-A
2/
8-1/4%
4%
2/
5-3/4%
2/
7%
Note
11/15/81-G
1 3/19/75
10/12/76
7-1/4%
Note
12/31/81-L
12/7/77
3,450p
99.776
5/15/72
1/6/77
5/15/75
505
2,697
100.60
99.699
100.00
100.00
6.34
6.19
8.00
8.00
2/
Note
Bond
_
_
8/15/71-F
8/15/71
Note
_
11/15/74-A
2/
1982
6-3/%%
6-1/8%
7%
8-1/8%
2/15/821 /
2/15/82-D
5/15/82-A
Bond
Note
Note
Note
Note
1,233
1,514
2,747
2/
2/
6%
Note
-
5/15/75-B
-
8/15/75-C
5/15/82-E
4/4/77
2,613
99.889
7.02
2/
8/15/82-B
8/15/75
902
2,017
99.921
8.14
5-7/8%
Note
11/15/82-C
11/17/75
384
2,518
2,902
99.762
99.762
7.92
7.92
7%
Note
2/
“ 2,918
7-7/8%
7-1/8%
Note
11/15/82-F
10/L7/77
2,737
9.750
7.18
2/
Note
11/15/83-B
11/15/76
50
2,259
99.891
99.891
7.02
7.02
2/
100.00
100.00
7.25
7.25
2/
99.81
99.81
7.28
7.28
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
2/
99.946
99.946
7.26
7.26
2/
1983
7%
6-1/4%
Note
11/15/75-D
_
11/15/76-D
2,'309
198Z.
2/15/77
7-1/4%
2/15/84-A
5/16/77
881
2,024
2,909
2,623
2,909
8%
Note
2/15/77-A
9%
z/
Note
5/15/77-D
5%
4%
2-1/2$
6%
2-1/2$
5-3/4%
3-7/8$
5-3/4%
5-7/8%
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
Note
8/15/77-B
5,533
15
252
221
6-3/8%
Bond
8/15/84
7-1/4%
8/15/84-B
8/15/72
8/15/77
133
164
535
265
457
268
41
2,353
300p
2,563p
7-3/4%
2,863p
1985
3-1/4%
5/15/85
6-1/8%
11/15/86
6/3/58
11/15/71
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/
101.00
101.00
101.00
4.19
4.19
4.19
456
3-1/456
2/
1987
-1/4%
8/15/87-92 1/
8/15/62
5
360
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
Note
Note
8/15/62-B
8/15/62-G
Note
11/15/77-E
365
7-5/8%
Note
-
ll/15/87-A
U / 15/77
373p
2.015p
- g *35 8 p '
Footnotes at end o f ta b le.
99.552
99.552
7.69
7.69
52
Treasury Bulletin
, PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
1$
7-1/256
Bond
Bond
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
1/17/63
$252
" 8/15/73
93
333
500
$99.85
95.05
95.05
95.05
4.01$
8.00
8.00
8.00
2/
8-1/836
456
2/
100.14
100.14
7.78
7.78
100.45
100.45
100.45
7.68
7.68
7.68
4-1/856
2/
100.55
4.09
2/
Date of
financing
Description of securities
2/15/88-93
8/15/88-93
r
1
r
( 11/15/73
\
2/15/74
I
925
136
302
438
10
240
301
551
Eligible securities exchanged
Mote
Bond
_
4-1/856
2/
Bond
_
11/15/73
7-3/4%
Note
Bond
_
2/15/74-C
2/15/74
Note
_
-
-
8/15/73-B
8/15/73
1Q8Q
4-1/8J6
1090
8-1/4J6
Bond
5/15/89-94
4/18/63
300
Bond
5/15/90
4/7/75
1,247
99.455
8.31
2/
1992
7-1/456
Bond
8/15/92
7/8/77
l,504p
99.611
7.29
2/
99.50
6.79
7.11
7.11
2/
98.75
98.75
2/
102.85
102.85
8.21
8.21
4-1/456
2/
Bond
_
98.70
98.70
8.46
8.46
5-5/856
2/
Note
_
8/15/74-B
103.04
103.04
103.04
8.37
8.37
8.37
5-3/456
3-7/856
2/
Note
Bond
_
11/15/74-A
11/15/74
99.191
99.191
7.95
7.95
5-3/456
2/
Note
_
2/15/75-A
96.73
96.73
8.19
8.19
6-1/2$
2/
Note
_
5/15/76-B
100.79
99.327
99.327
7.80
8.44
8.44
2/
5-7/856
2/
Note
_
8/15/75-C
101.50
101.50
8.33
8.33
7%
Note
_
11/15/75-D
2/
Note
Note
_
8/15/76-C
8/15/76-G
1Q93
6-3/456
756
Bond
2/15/93
1/10/73
Bond
5/15/93-98
5/L7/76
(
\
1994
5/15/74
8-1/2%
Bond
5/15/94-99
1
\
( 8/15/74
\
11/15/74
I
\
1995
2/18/75
\
7-7/856
Bond
2/15/95-00
5/17/76
(
11/15/76
'8/15/75
8-3/856
Bond
8/15/95-00
(
(
V
11/17/75
(
V
Bond
8/15/96-01
8/16/76
/
<
\
2000
5/15/75
8-1/456
Bond
r
I
5/15/00-05
k2/17/76
f
I
2002
r2/15/77
7-5/856
Bond
2/15/02-07
I
\
1
5/16/77
I
8/15/77
7-7/856
279
309
588
486
400
885
196
142
603
-941. ,,
150
752
.90?.
117
750
868
1,001
7-3/4%
-
5/15/73-A
5/15/74
,
313
801
1,114
150
1,001
1,151
1996
8%
627
40
„ 652
692
Bond
11/15/02-07
11/15/77
Additional issu e.
2 / Issued fo r cash.
J/ Treasury Notes, 7-3/856 Series C-1981 and 7-3/056 Series E-1981.
f
342
250
983
1,575
220
630
754
1,604
215
8.02
8.02
8.02
2/
99.450
99.450
99.450
8.30
8.30
8.30
5-7/856
6$
2/
101.75
101.75
— m —
--3 9 1
753
1,143
7-1/2%
6-1/2$
99.893
99.893
99.893
8.09
8.09
6-1/456
2/
Note
Note
.
Note
_
2/15/76-A
Note
_
2/15/77-A
_
99.9a
99.941
7.63
7.63
527
373
1,003
1,903
98.25
98.25
98.25
7.77
7.77
7.77
6-7/8J6
9$
2/
Note
Note
199p
l,003p
l,202p
98.94
98.94
7.72
7.72
7-3/456
Note
1/
99.261
99.261
7.94
7.94
f
240p
L, l,255p
1,495?
*
p
856
2/
7-3/4%
2/
consolidated effective Sept. 1, 1976.
Less than $500,000.
Preliminary.
_
Note
_
_
5/15/75-F
5/15/75-B
5AS/77-C
5/15/77-D
8/15/77-B
11/15/77-E
January 1978
53
PUBLIC DEBT OPERATIONS
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1 /
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description 0 C securities
8/15/70 f 7-3/4# Note
( 7-3/4# Note
8/17/70 7-1/2# Note
11A5/70 J 7-1/4# Note
I 7-1/2# Note
11/16/70 6-3/4# Note
2/15/71 f 5-7/8# Note
\ 6-1/4# Note
Note
5/15/71 J 5#
\^5-3/4# Note
Note
6/29/71 6#
Note
8/15/71 f 7#
t 7#
Bond
8/16/71 6-1/2# Note
6-1/4#
10/22/71 5-7/8#
f4-7/8#
11/15/71 ( 6#
k6-1/8#
9/8/71
Note
Note
Note
Note
Bond
2/15/72 f 5-3/4# Note
^6-3/S# Bond
4/3/72 5-7/8# Note
5/L5/72 f4-3/4#
\ 6-3/8#
f5-7/8#
8/15/72 ( 6-1/4#
U-3/8#
10A9/72 6#
11/15/72 6-1/4#
12/28/72 5-7/8#
1/10/73
2/15/73
5/15/73
8/15/73
9/4/73
11/15/73
2/15/74
4/9/74
Note
Bond
Note
Note
Bond
Note
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C 8/
5/15/72-D
8/15/75-C
2/15/78-A
8/15/72-E
11/15/74-A 8/
11/15/72-F
11/15/75-D
8A5/81
_
3,190
2,037
_
_
2,285
_
195
2/15/73-C
- 11/15/764)
- 2/15/75-E
- 11/15/73-D
- 11/15/78-B
ll/l5/86
- 5/15/76-E
2/15/82
- 5/15/75-F
- 5/15/73-E
2/15/82 ^/
- 2/15/76-F
- 8/15/79-A
8/15/84
- 9/30/74-E
- 11/15/76-D 8/
2,514
1,283
2,045
2,768
_
24
_
66
1,776
-
Note
Note - 12/31/74-F
6-3/4# Bond - 2/15/93
f 6-1/2# Note - 8A5/76-G
\ 6-5/8# Note - ll/15/79-B
f 6-7/8# Note - 5/15/80-A
\ 7#
Bond - 5/15/93-98
J 7-3/4# Note - 8A5/77-B ^/
\ 7-1/2# Bond - 8/15/88-93
8-3/8# Note - 9/30/75-G
(7%
Note - 12/31/75-H
( 7#
Note - 11/15/79-C
V7-1/2# Bond - 8/15/88-93 8/
f6-7/8# Note - 5A5/77-0
{ 7#
Note - 2/15/81-A
>7-1/2# Bond - 8/15/88-93 3/
8#
Note - 3/31/76-H
(8 -3 / 4# Note 5/15/74 ( 8-3/4# Note 8/1 5/74
9/30/74
11/6 /74
11/15/74
12/31/74
1/7/75
1/9/75
2/18/75
v 8-1/2# Bond
(9#
Note
( 9#
Note
J8-1/2# Bond
8-1/4# Note
7 - 7 / 8 # Note
(7-3/4# Note
<7-3/4# Note
(8-1/2# Bond
7-1/4# Note
7-7/8# Note
8#
Note
(7-1/8# Note
<7-3/8# Note
W-7/8# Bond
For
cash
-
6/30/76-1
8/15/78-C
5/15/94-99
8/15/80-B
5A5/77-D
5/15/94-99
9/30/76-J
5 /1 5 /7 9 -D
11/15/77-E
11/15/81-B
5/15/94-99 3/
12/31/76-K
' 5/15/79-D g/
3/31/76-H S/
5/15/78-D
2/15/81-C
Footnotes at end of table.
2/15/95-00
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
-
U.S. Gov
ernment Commer
accounts
cial
and
Federal banks
2/
Reserve
banks 2/
150
479
190
838
811
1,500
2,915
673
420
554
2,514
1,028
1,437
1,180
1,532
-
2,048
1,879
656
583
35
656
309
279
1,835
2,461
3,041
2,102
627
1,009
2,043
652
2,026
500
2,042
1,511
2,0a
302
2,258
1,515
301
2,393
400
1 ,8 1 8
1 ,0 1 6
2,571
1,766
603
2,205
1,253
756
3,263
1,768
752
1,664
2,481
1,033
1,593
3,586
3,122
1,351
1,257
2,071
1,542
112
2,036 '
2,319
2,722
1,457
1,046
592
351
-
1,500
8,207
1,192
2,802
2,131
2,514
4,945
4,559
2,312
3,883
595
5,221
40
628
425
220
220
136
307
327
250
1,279
505
a
2,060
1,929
967
2,936
2,461
2,936
486
486
57
1,833
1,566
3,197
296
1,446
777
1,605
9
15
240
31
85
221
1,003
1,366
15
6
15
84
166
82
9
24
6
40
71 i
23
Insur
ance
:
1compa
nies
38
29
13
44
24
2
77
116
22
36
2
59
8
2
2
1
1
47
6
23
79
1
*
*
68
89
28
1
2
*
29
16
*
183
34
188
3
1
8
27
1
41
25
18
46
21
11
7
10
2
8
2
1
i n :
14
Mutual
Corpo
sav
rations
ings
banks 5/
38
22
43
37
10
4
34
90
13
26
3
35
9
5
1
1
4
33
1
26
29
4
*
*
33
44
7
1
3
3
6
5
*
2
*
4
6
62
35
78
61
40
11
91
98
30
38
8
37
8
36
5
35
52
51
4
36
27
24
4
1
202
43
23
3
31
1
42
59
1
49
39
41
28
9
73
136
Private
pension
and re
tirement
funds
6
20
18
13
7
3
22
133
13
26
2
9
2
2
1
1
1
19
2
94
6
52
21
1
9
2
1
26
1
*
*
14
53
235
3
85
46
1
2
1
2
6
7
*
*
79
100
33
*
2
17
*
*
*
*
6
1
1
2
7
1
8
1
6
*
1
68
21
26
11
16
1
7
8
6
2
1
*
*
*
*
20
15
5
21
1
*
*
3
24
31
*
2
*
1,519
1,094
173
1,016
154
10
1,224
1,315
263
270
19
10
106
619
68
480
816
10
8
7
11
10
1
2
16
5
*
204
164
191
144
30
62
27
63
156
8
4
*
1
12
1
23
3
3
6
5
*
29
9
18
*
*
*
-
205
1,059
949
338
77
697
205
1,059
949
338
77
697
821
129
1,174
581
1,371
913
248
1,195
855
593
2,054
400
400
1,061
150
150
276
64
23
*
12
8
7
14
1
10
6
13
4
38
22
4
23
9
13
3
38
21
State and local
governments 6/
]Dealers
Pension
and
and re
Other 1brokers
■
tire
funds
]ment
funds
2
335
167
6
47
513
110
269
3
193
343
4
22
392
2
*
198
4
260
8
714
496
123
631
177
3
93
93
263
4
*
68
2
3
2
*
*
*
1
7
8
*3
1
19
130
210
15
291
1,878
556
1,320
102
1,438
83
1,097
583
279
166
74
656 :
292 ,
94
119
235
431
138
246
i#046
1,231
353
2,557
1,606
512
1,990
2,230
2,062
105
1,392
595
5,275
140
630
665
61
220
220
136
307
327
250
Individuals
V
2
59
1
*
*
14
*
*
405
76
272
125
46
992
1,150
185
558
296
70
10
125
703
275
405
15
440
1
214
273
296
400
346
309
56
644
U
248
72
325
205
77
104
334
424
135
196
111
209
24
52
67
104
84
311
13
117
121
54
26
10
186
769
45
41
202
29
2
104
112
71
30
23
23
22
312
447
16
9S
35
473
370
103
151
6
9
8
2
11
165
100
14
14
3
16
21
1
11
288
96
202
5
5
51
367
56
224
336
232
647
673
294
676
350
10
7
5
*
*
1
10
10
27
*
13
10
*
1
4
2
27
-
*
1
93
1
10
14
29
1
578
464
7
356
39
10
All
other
4
2
7
*
3
1
72
94
11
11
23
3
4
13
6
13
9
1
1
125
56
636
5
29
5
286
9
3
223
11
2
340
17
42
54
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-6 - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/ —Continued
(In millions of dollars)
Issues
Date of
financ
ing
Description of securities
f 6#
Note -
2/28/77-F
8/31/76-L
7-3/456 Note - 11/15/81-B 8/
6J6
Note - 5/31/76-M
6-1/2J6 Note - 3/31/77-G
O/o
sf
>//rjR
ts ^5-7/8$ Note 3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/30/75
8-1/456 Bond - 5/15/90
7-1/856 Note - 11/30/76-N
7-3/856 Note - 4/30/77-H
f 7-5/856 Note - 8/15/78-E
Note - 5/15/82-A
5/15/75 / 856
1 8-1/456 Bond - 5/15/00-05
5/27/75
6-3/456 Note - 5/31/77-1
6-1/256 Note - 10/31/76-0
6/6/75
6-1/256 Note - 6/30/77-J
6/30/75
7-3/456 Note - 6/30/79-E
7/9/75
7-1/256 Note - 7/31/77-K
7/31/75
f 7-7/856 Note - 5/15/78-F
8/15/75 / 8-1/856 Note - 8/15/82-B
V 8-3/8% Bond - 8/15/95-00
8-1/456 Note - 8/31/77-L
8/29/75
8-1/256 Note - 9/30/79-F
9/4/75
8-3/856 Note - 9/30/77-M
9/30/75
10/7/75
8#
Note - 2/28/78-G
8-I/856 Note - 12/31/78-H
10/22/75
7-1/256 Note - 10/31/77-N
10/31/75
Note - 11/15/82-C
H /lH'/W
J.l/lf/
ry [7-7/8%
\8-3/8j6 Bond - 8/15/95-00 8/
7-1/456 Note - 12/31/77-P
12/31/75
1/6/76
7-1/256 Note - 12/31/79-G
1/26/76
7-3/856 Note - 5/15/81-D
2/2/76
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
8/16/76
8 /3 1 /7 6 '
9/14/76
9/30/76
10/12/76
Amount issued
In
exchange
For
for
cash
other
securi
ties
1,665
1,662
1,762
1,580
2,576
1,247
1,507
1,579
2,855
1,514
754
2,137
1,579
2,170
1,782
1,516
3,051
2,016
801
2,021
2,081
_
2,300
1,233
850
1,372
902
313
-
U.S. Gov
ernment
accounts Commer
cial
and
Federal banks
Reserve 2/
banks £/
_
269
2,300
1,234
850
162
1,372
902
313
10
-
945
910
879
1,018
1,296
266
773
830
1,465
691
251
1,187
824
1,156
961
436
1,819
847
217
1,188
1,046
1,783
33
-
33
5
384
150
212
-
2,628
384
150
212
1,600
1,939
215
-
189
1,600
1,939
215
-
2,069
-
-
1,693
1,144
217
1,610
1,010
1,121
1,252
1,675
1,761
91
1,508
1,030
97
300
472
117
1,684
1,198
1,246
1,894
166
3,193
2,115
2,517
3,156
2,518
1,001
2,553
2,006
2,020
974
1,400
6-3/856 Note
(756
Note
< 856
Note
1 8-1/456 Bond
6-5/8J6 Note
7-1/256 Note
- 1/31/78-J
- 2/15/79-H
- 2/15/83-A
- 5/15/00-05 2/
- 11/^0/77-Q
- 3/31/80-C
6-3/456 Note
7-3/856 Note
f6-1/256 Note
< 7-7/856 Note
17-7/856 Bond
- 3/31/78-K
- 2/15/81-C
- 4/30/78-L
- 5/15/86-A
- 2/15/95-00 8/
3,065
2,628
2,274
4,747
751
97
300
472
117
-
5/31/78-m
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
2,485
2,185
2,639
2,586
2,855
82
692
-
82
692
-
1,329
1,116
1,415
1,161
1,663
^ 6-7/856 Note - 8/15/79-J
Note - 8/15/86-B
C 856
V856
Bond - 8/W96-01'
6- 5/856 Note - 8 / 3 1 / 7 8 - Q
6-7/856 Note - 9/30/80-E
6-1^456 Note - 9/30/78-R
756
Note - 11/15/81-G
2,289
8,039
700
1,476
592
700
1,4%
l^H
2,356
592
346
54
54
2,141
2,869
326
326
2,543
-
-
7-1/856 Note
7-5/856 Note
6-7/856 Note
7-5/8% Note
6-7/856 Note
Footnotes at end of table.
2,511
3,092
6,019
402
983
2 ,8 9 5
1,219
909
1,629
1,356
Indi
vidu
als
U
69
36
77
33
92
23
30
72
195
118
37
123
51
Allotments by investor classes
State and local
governments 6/
Private
Insur Mutual Corpo
pension Pension
ance
sav
rations and re
compa ings
and re
tirement tire
Other
nies
banks 5/
funds
funds
ment
funds
*
20
2
27
9
4
1
16
11
3
9
4
*
8
1
16
9
3
*
1
1
6
7
13
7
43
3
13
7
6
6
1
2
6
17
37
8
16
31
7
1
28
*
3
20
34
24
61
52
50
3
5
42
12
13
5
16
37
19
3
23
65
7
1
6
29
4
1
16
33
6
3
*
13
29
12
2
37
11
1
*
3
13
34
5
104
150
4
21
32
16
34
42
511
15
39
134
559
130
250
8
6
13
1
11
6
19
25
79
53
127
15
19
2
15
11
17
2
13
35
11
3
2
4
51
8
8
10
3
2
53
47
65
I84
85
18
83
86
46
64
19
93
32
36
55
1
13
11
11
5
21
300
10
15
25
8
6
3
1
89
1
53
22
111
13
9
5
17
25
38
22
1
93
19
147
77
25
52
122
2,285
8
61
162
152
9
9
7
11
19
17
16
5
5
20
14
15
6
3
12
2
2
26
34
2
Dealers
and
brokers
414
489
720
290
677
676
486
518
960
604
344
563
513
545
642
772
All
other
2/
175
183
49
211
161
68
172
100
113
18
6
162
132
109
42
192
599
793
273
69
10
246
393
294
236
466
25
21
448
386
4
3
1
343
723
716
79
1
22
11
12
8
1,037
697
445
666
650
94
195
328
10
4
182
175
101
n
tr
49
496
9
36
40
121
38
26
407
40
158
32
78
101
24
HT
168
126
672
344
39
71
595
815
89
250
568
648
561
852
358
346
469
506
588
632
1,038
748
494
179
29
3
40
5
479
34
2
26
7
22
116
12
85
13
62
7
*
33
70
3
1
44
44
20
18
21
673
770
471
696
12
11
35
12
5
7
119
126
l,ia
12
68
178
134
94
59
130
3,548
121
65
88
19
117
5
11
9
26
17
122
2
3
19
6
18
12
24
29
101
32
25
22
32
23
44
1
13
16
12
13
20
15
52
5
23
8
214
3
5
10
8
22
4
18
5
5
2
2
39
6
*
*
1
4
*
*
14
46
36
*
7
7
4
17
14
82
19
42
~
31
19
7
24
7
829
340
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
53 6
235
592
116
January 1978
55
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/ —Continued
_____________________________________
(In millions of dollars)
Allotments by investor classes
Date of
financ
ing
Description of securities
IO/3I/78-S
11/15/79-K
11/15/76
11/15/83-B
2/15/95-00 8/
1 1 /3 0 /7 6
5-3/4$ Note - 11/30/78-T
5-7/8$ Note - 12/31/80-F
1 2 /7 /7 6
1 2 /3 1 /7 6
5-1/4$ Note - 12/31/78-U
6-1/8$ Note - 2 A 5 / 8 2 - D
1 /6 /7 7
5-7/8$ Note - 1/31/79-L
2 /3 /7 7
( 6-1/2$ Note - 2 / 1 5 / 8 0 - G
2 A 5 /7 7
/ 7-1/4$ Note - 2/15/84-A
17-5/8$ Bond - 2/15/02-07
5-7/8$ Note - 2/28/79-M
2/28/77
6-7/8$ Note - 3/31/81-H
3/8/77
6$
Note - 3/31/79-N
3/31/77
7$
Note - 5/15/82-E
4/4/77
5/2/77
5-7/8$ Note - 4/30/79-P
1 1 /1 /7 6
5-7/8$ Note
Note
\ 7$
Note
^7-7/8$ Bond
f 5 -1 /4 $
5/16/77
5/31/77
6/3/77
6/30/77
7/8/77
8/1/77
S/15/77
8/31/77
9/7/77
1 0 A 7 /7 7
7-1/4$
17-5/8$
6-1/8$
6-3/4$
6-1/8$
7-1/4$
6-1/4$
f6-3/4$
-
Note - 2 / 1 5 / 8 4 - A 8 /
Bofid - 2 A 5 / 0 2 - 0 7 8 /
Note - 5/31/79-Q
Note - 6/30/81-J
Note - 6/30/79-R
Bond - 8/L5/92
Note - 7/31/79-S
Note - 8A5/80-H
) 7-1/4% Note - 8A5/84-B
\ 7-5/8$ Bond - 2 A 5 / 0 2 - 0 7 8 /
'<6-5/8$ Note - 8/31/79-T
6-3/4$ Note - 9/30/81-K
6-5/8$ Note . 9 /30/79-U
7-1/8$ Note ■ ll/15/82-F
(
Amount issued
In
exchange
For
for
cash
other
securi
ties
2,823
3,306
2,259
1,001
2,805
2,692
3,124
2,697
2,855
3,308
2,024
752
2,695
2,809
2,996
2,613
1,882
2,910
1,004
1,897
2,514
2,044
1,504
3,115
3,708
2,563
1,003
3,358
2,968
3,771
2,737
U.S. Gov
ernment
accounts Commer
and
cial
Federal banks
Reserve 2 /
banks 2/
98
70
50
70
136
136
252
252
1,300
881
391
150
1,300
881
391
150
50
523
523
110
110
2,623
900
190
2,623
900
190
264
264
65
425
300
199
123
65
425
300
199
123
90
90
1,307
1,227
906
313
1,176
1,234
1,168
1,385
Indi
vidu
als
U
46
67
140
138
31
34
43
37
54
40
100
128
51
1,001
1,276
1,249
1,376
707
34
70
72
83
29
1,172
276
63
58
50
36
110
57
95
229
44
58
1,156
1,704
981
140
557
765
559
589
1,426
1,351
889
198
l,189r
1,318
1,414
1,014
iw
" .v on subscription and allotment reports. For detail o<*
offerings see Table EDO-4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of nonmarketable 2-3/4$ Treasury bonds. Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2 / Includes trust companies and stock savings banks.
i j Includes partnerships and personal trust accounts.
2/ Exclusive of banks and insurance companies.
54
107
55
Insur
ance
compa
nies
5
11
22
4
9
3
6
23
8
33
34
23
8
10
mgs
banks
15
13
16
5
15
18
14
74
Private
Corpo pension
and
re
rations
tire
5/
ment
funds
54
26
20
17
18
16
28
9
29
116
83
43
37
154
71
90
90
13
44
104
35
8
46
9
44
1
183
90
40
62
45
95
76
189
232
55
111
18
37
9
3
5
37
8
52
5
9
16
3
20
6
29
28
1
26
4
10
10
5
27
16
103
119
253
7
14
5
9
2
16
2
7
6
7
12
5
18
22
144
6
Pension
and re
tire
ment
funds
5
7
16
58
24
51
33
43
72
16
40
13
State and local
governments 6/
23
5
10
4
23
6
9
3
5
3
41
6
44
16
1
2
12
35
76
24
18
Other
funds
2
3
3
3
98
3
1
1
1
2
4
4
35
4
4
2
1
11
14
9
15
3
5
24
9
13
2
33r
1
27
10
Dealers
and
brokers
All
other
775
1,025
800
589
953
861
1,035
668
899
863
587
923
2/
286
8
552
491
816
358
687
355
640
22
440
804
617
562
609
484
8
782
614
1,008
370
557
1,024
537
661
816
470
624
531
1,096
769
155
18
488
983
607
958
832
544
780
915
11
976
882
301
12
932r
1,094
544
'_/ Consists of trust, sinking, and investment funds of otaU
!■’••an
governments and their agencies.
2/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reouening of earlier issue.
* Less than $500,000.
r Revised.
Treasury
.PUBLIC DEBT OPERATIONS.
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series
(In millions of dollars)
Total amount issued
Average
rate
One-year
series
9-month
series 3/
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
4.723
4.918
5.040
5.178
5.346
5.529
5.223
5.318
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
6.880
6.948
6.342
7.452
6.897
8.306
7.887
500
1,201
501
1.803
500
1,801
501
1,802
2,012
1,802
7.362
7.426
7.520
6.625
6.378
5.313
5.637
6.474
107
199
76
953
109
594
186
504
_
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392
539
-
1,800
728
1.804
1,801
1,790
1,802
1,800
1,801
1,802
747
745
760
715
500
625
727
2,017
-
1,805
1,802
1,804^/
1,802
2,007
421
639
-
615
-
1,801
1,002 2 /
2,000
600
-
1,803
1,802
1,802
808
728
871
1,801
757
-
1,516
-
2,523 5/
1,801
1,802
1,802
1,802
1,806
669
567
642
759
536
1,803
1)803
•2,003
435
727
706
-
2,002
653
1,502
1,501 2/
Commer
cial
banks
75
627
73
194
140
654
125
578
609
2,510
8.422
8.249
8.256
7.836
9.652
9.564
8.341
7.629
7.933
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
_
585
313
382
474
135
255
544
276
-
_
5
5
40
1
584
548
45
_
400
21
7
10
1
4
35
9
8
27
28
1
37
54
79
10
10
82
36
147
361
1,373
331
361
436
582
495
629
709
640
609
925
1,027
501
716
19
12
47
99
6
6.010
6.440
5.578
5.572
6.010
3,245
3,253
3,069
2,930
3,105
708
790
806
587
795
1,152
979
717
891
1,083
684
73
499
431
524
891
600
695
640
385
723
695
6.400
4
3
17
1
6
5
2
135
408
160
632
Jg
400
5.803
6.292
6.782
7.331
7.340
6.600
837
706
576
717
636
_
75
4
2
173
337
165
608
11
6
11
12
15
2,001
2,001
2,103
2,102
2,205
2,435
2,404
2,591
2,293
2,893
'2,860
3,062
-
10
12
*
1
*
5
*
2
Dealers
and
brokers
20
179
185
170
430
173
259
10
200
20
414
344
444
381
489
63
336
493
652
495
659
803
703
356
506
676
610
388
599
495
555
289
808
1,085
1,080
2,251
1,256
Corpo
rations
1/
10
-
1
*
26
11
_
735
628
943
786
971
135
26
187
47
116
140
30
86
8
455
1
177
222
138
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
2
215
3
315
346
305
208
135
1
150
145
113
114
305
40
213
439
326
2a
279
515
389
590
522
429
591
515
422
631
644
556
567
57
January 19 J8
,PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series—Continued
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
series 1/ ipation
series
52-week
series
(Percent)
4/6/76.
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
2/8/77
3/8/77
4/5/77
5/3/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/31/77
1/10/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
2/7/78
3/7/78
5.344
5.226
3,105
3,208
4/4/78
5/2/78
5.158
5.160
3,342
2,966
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2J
509
718
441
796
748
597
802
859
777
881
855
1,447
1,435
782
332
841
1,042
455
932
545
691
899
1,070
984
760
894
5/31/77
5/30/78
5.403
2,454
544
6/28/77
7/26/77
8/2.3/77
9/20/77
6/27/78
7/25/78
5.408
5.648
2,253
3,038
8/22/78
9/19/78
6.105
6.156
6.619
6.542
3,005
3,036
3,162
3,587
857
934
679
863
902
826
1 0 A 3 /7 7
1 1 A 5 /7 7
1 0 A 7 /7 8
1 1 A 4 /7 8
ourcc: Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
ij
Commer
cial
banks
646
956
486
932
333
424
980
722
856
824
677
Corpo
rations
y
Dealers
and
brokers
154
70
60
2
40
27
12
17
87
54
40
395
528
1,137
1,095
1,034
951
1,356
802
1,425
1,010
513
199
All
other i j
698
584
501
387
314
336
292
485
568
914
707
9
11
27
786
739
530
406
1,134
555
7
1,053
951
558
517
2
80
82
6
22
24
423
592
890
1,061
957
1,104
452
632
250
457
956
547
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
5/ Reopening of earlier issue.
£/ 42-week issue.
2/ Special issue.
* Less than $500,000.
r Revised.
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Called or maturing securities 1/
Date ef
refunding
or retire
ment
7/31/73
8 / 15/73
Issue
date
Description
(4.918% Bill
^5.223# Bill
(8-3/8% Note
L
4# Bond
-
7/31/73
7/31/73
8/15/73-B
8/15/73
7/31/72
7/31/72
2/15/70
9/15/63
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Exchange
Cash
out
security
retire
standing
offered
ment
1,201
1,201*1
501
501/
1,839
3,894
1,514\
3 ,166|
5.178# Bill
-
8/28/73
8/31/72
1,803
1,803
9.803% Bill
-
9/19/73
8/15/73
2,017
2,017 y
-
9/25/73
9/30/72
1,801
1,801
- 10/1/73-E0
10/23/73
11/15/73
11/20/73
12/18/73
10/1/68
30
1,802
4,336
30
1,802
3,760
1,802
1,800
1,800
111
5.529# Bill
1-1/2# Note
5.318# Bill
4-1/8# Bond
5.225# Bill
5.337# Bill
jut
9/25/73
g
8/28/73
t/19/73
10/31/72
7/22/64
13/30/72
12/31/72
5.986# Bill
-
1/15/74
3/33/73
1,804
1,804
2/12/74
6.050# Bill
f 7-3/4% Note
V 4-1/8# Bond
-
2/12/74
2/15/74-C
2/15/74
2/28/73
8/15/70
1/15/65
1,801
2,960
2,466
1,801
6.616# BiU
1-1/2# Note
6.598# Bill
-
3/12/74
4/1/74-EA
4/9/74
3/31/73
4A/69
4/30/73
1,790
34
1,802
Bill
Bill
Bill
Bill
-
4A9/74
H / l /73
2,007
4/19/74
5/7/74
llA/73
11/1/73
5/31/73
1,516
1,800
1,514/
1,800
f7-1/4# Note
t 4-1/4# Bond
-
5/15/74-D
5/15/74
11/15/70
5/15/64
4,334
2,847
3,335
3/12/74
4/1/74
4/9/74
4/L9/74
5/7/74
5/15/74
f 6.765#
7.830#
t.7.452#
6.818#
4/ 19/74
1,002
2,621
1,902
Exchanged
'
_
325 L
728 5,/
-
-
576 & /
Turned
in for
cash 2/
-
-
-
-
-
-
-
I
-
-
-
-
342 2 /
542 & /
1,790
34
1,802
2,00?|
1,002 2/
2,328
6/4/74
7.235# Bill
-
6/4/74
6/30/73
1,801
1,801
6/21/74
T7.790# Bill
\ 8.306# Bill
-
6/21/74
6/21/74
2,000
2,00&
2,523)2/
7/2/74
8.392# Bill
-
7/2/74
11/30/73
11/30/73
7/31/73
2,523
1,802
5
1,802
1/15/74
2/15/74
-
Results of ex-
-
-
999 a
519 m /
-
-
-
-
-
-
-
1,802
7/30/74
7.702# Bill
-
7/30/74
10/9/73
1,804
1,804
-
8/15/74
5-5/8# Note
-
8/15/74-B
8/15/68
10/284
4,401
5,883 12*/
8/27/74
8.387# Bill
-
8/27/74
8/28/73
1,804
1,804
-
-
9/20/74
9.652# Bill
-
9/20/74
8/7/74
1,526
1,526 2/
-
-
-
9/24/74
8.057# Bill
-
9/24/74
9/25/73
1,802
1,802
-
-
-
9/30/74
€j#
-
9/30/74-E
10/19/72
2,060
1,855
_
_
Note
10/22/74
7.132# Bill
11/15/74
(5-3/4% Note
13/19/74
12/L7/74
12/31/74
1/14/75
2/15/75
2/11/75
3/13/75
205 12 /
- 10/22/74
10/23/73
1,802
1,802
_
11/15/67
^3-7/8# Bond
- 11/15/74-A
- 11A5/74
5,442
1,213
3,238
1,071
2,204 12/
142 14/
7.708# Bill
6.880# Bill
5-7/8# Note
6.948# Bill
- 13/19/74
- 12/17/74
- 12/31/74-F
- 1/L4/75
11/20/73
12/18/73
12/28/72
1,801
1,801
1,803
1,803
2,025
1/15/74
2/15/68
1,802
2/15/75-k
2/15/75-E
10/22/71
1,222
1,104
2/11/75
2/12/74
3/13/75
3/12/74
- 3/31/ 75-FFB
_ 4/1/75-EA
4/8/75
4/9/74
4/16/75
12/3/74
5/6/75 . 5/7/24-
1,802
1,802
1,801
1,5°J
1,801
(5-3/4% Note
\5-7/8% Note
6.342# Bill
6.897# Bill
8.049$ Bill
1-1/2# Note
4/ 8/75
7.887# Bill
4/16/75
7.426# Bill
i/6/75
8.442# JBill
Footnotes at end of table.
-
12/2/57
7«
2,102
4,015
1,802
2,886
-
77 If /
1,129 ai
118 17,/
I
l.SOj
-
1,801
2,251
1 -8np.
-
—
2,2512/
. 1 «n?
Description of new
securities offered
(See also Table PD0-4)
59
January 1978
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury B ills—Continued
Called or maturing securities 1/
Date of
refunding
or retire
ment
5/15/75
6/3/75
6/17/75
6/30/75
7/1/75
7/29/75
8/15/75
8/26/75
8/26/75
9/18/75
9/23/75
9/25/75
9/30/75
10/1/75
Description
f 6#
Note
5/15/75-B
( 5-7/8# Note - 5/15/75-F
6/3/75
8.24955 Bill
7.520# Bill
6/17/75
9~.767# Bill
6/30/75
8.256$ Bill
7/1/75
7.836# Bill
7/29/75
5-7/8# Note - 8/15/75-C
6.280# Bill
8/26/75
9.564# Bill
8/26/75
6.175# Bill
9/18/75
8.341#
6.156#
8-3/8#
1-1/2#
Issue
date
5/15/68
4/3/72
6/4/74
12/5/74
9/4/74
7/2/74
7/30/74
2/15/71
8/8/75
8/27/74
9/5/75
Bill
9/23/75
9/24/74
Bill
9/25/75
9/5/75
Note
9/30/75-E 8/24/73
Note - 10/1/75-E0
10/1/70
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Cash
Exchange
out
retire security
standing
offered
ment
6,760
1,776
1,802
1,256
2,003
2,597
1,576
1,802
1,256 2/
2,003
1,802
1,806
7,679
1,000
1,802
1,806
5,092
1,000
1,803
1,803
849
1,803
700
849
1,803
-
_
_
-
_
_
2,043
30
700
2,010
30
10/22/75
11/15/75
11/18/75
7.629# Bill - 10/21/75
7#
Note - 11/15/75-D
10/22/74
8/15/71
2,003
3,115
2,003
2,581
7.362# Bill - 11/18/75
12/16/75
12/18/75
12/26/75
12/31/75
6.625# Bill
5.220# Bill
5.140# Bill
7#
Note
2,002
2,001
602
601
2,002
2,001
602
601
1,519
2,001
1,586
1/13/76
1/31/76
2/10/76
2/15/76
2/15/76
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
6/29/76
6/30/76
7/27/76
8A5/76
8/15/76
8/24/76
8/31/76
9/21/76
9/30/76
lO/i/26
10/19/76
10/31/76
u/w/te
11/30/76
12/U/»
-
12/16/75
12/18/75
12/26/75
12/31/75-H
6.378# Bill 6.560# Bill 5.313# Bill 6-1/4# Note 5-7/8# Note -
1/13/76
1/31/76
2/10/76
2/15/76-A
2/15/76-F
11/19/74
12/17/74
12/8/75
12/8/75
11/15/73
1/14/75
4/14/75
2/11/75
2/15/69
8/15/72
5.637# Bill - 3/9/76
8#
Note - 3/31/76-H
1-1/2# Note - 4/1/76-EA.
6.474# Bill - 4/6/76
3/U/75
4/9/74
4/1/71
4/8/75
2,102
2,288
27
2,205
2,205
5.823#
4.834#
6.400#
6-1/2#
12/5/75
4/8/76
2,002
2,002
5/6/75
5/15/69
2/15/72
3/25/72
6/3/76
2,503
2,435
2,697
2,802
1,580
2,404
2,503
2,435
2,336
7/1/75
5/15/74
7/29/75
10/1/69
2A5/73
8/26/75
3/3/75
2,591
2,703
2,293
4,194
3,883
2,893
1,662
2,591
2,011
2,293
3,434
2,216
2,893
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
ll/l8/75
9/8/71
4/8/75
12A6/76
12/B1/74
l/L3y75
2,860
2,023
11
3,062
1,579
3,245
4,325
1,507
3,253
2,282
3,069
Bill
Bill
Bill
Note
- 4/22/76
5-3/4# Note 6#
Note 5.803# Bill -
4/22/76
5/4/76
5/15/76 -B
5/15/76 -E
5/31/76-M
6/1/76
6.292# Bill
8-3/4# Note
6.782# Bill
7-1/2# Note
6-1/2# Note
7.331# Bill
5-7/8# Note
7.340#'Bill
8-1/4# Note
1-1/2# Note
6.600# Bill
6-1/2# Note
6.010# Bill
6-1/4# Note
7-1/8# Note
6.440# Bill
%•!/4# Note
5.578# Bill
6/29/76
6/30/76-1
7/27/76
8/15/76-C
8/15/76-G
8/24/76
-
- 8/31/76-L
- 9/21/76
- 9/30/76-J
- 10/1/76-S0
- 10A9/76
- 10/31/76-0
- 11/15/76
- 11/15/76-D
- II/30/76-N
- 12/14/76
- 12/31/76-K
- l/n/77
Results of ex
change offers
Turned
Exchanged
m for
cash 2/
1,731
2,001
1,586
2,103
3,739
4,945
2,103 '
1,165
3,713
2,102
2,191
27
2,274
1,498
2,404
1,608
2,860
1,697
11
3,062
1,481
3,245
4,205
1,371
3,253
2,030
3,069
4,163 i8/
200 i2/
-
-
-
-
_
2,587 20/
_
_
_
-
-
-
-
33 21/
534 22/
_
212 22/
2,522 24/
1,232 25/
_
97 2£/
_
_
361 23/
528 2g/
82 29/
_
692 20/
1,102 21 /
1,667 22/
-
54 ^
_
-
_
_
_
-
_
_
_
_
_
-
-
-
-
-
_
_
_
-
_
_
_
-
_
_
_
_
_
_
-
_
_
_
_
_
-
326 24/
-
-
98 15/
-
-
120 26/
136 27/
-
"
252 28/
-
-
Description of new
securities offered
(See also Table FD0-4)
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS,
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
Called or maturing securities 1/
refunding
or retire
ment
2/8/77
2/15/77
2/28/77
3/8/77
3/33/77
4/1/77
4/5/77
4/30/77
5/3/77
5A5/77
5/15/77
5/31/77
5/31/77
6/28/77
6/30/77
7/26/77
7/31/77
8/15/77
8/23/77
8/31/77
9/20/77
9/30/77
10/1/77
1D/18/77
10/31/77
11/15/77
11/15/77
11/30/77
12/13/77
12/31/77
Description
5.572$ Bill
8$
Note
6$
Note
6.010/S Bill
6-1/2J6 Note
1-1/2$ Note
5.781$ Bill
7-3/8$ Note
5.645$ Bill
6-7/8$ Note
9$
Note
6.309$ Bill
6-3/4$ Note
-
2/8/77
2/15/77-A
2/28/77-F
3/8/77
3/31/77-G
4/1/77-EA
4/5/77
4/30/77-H
5/3/77
5A5/77-C
5/15/77-D
5/31/77
5/31/77-1
6.082$ Bill - 6/28/77
6-1/2$ Note - 6/30/77-J
5,739$ Bill - 7/26/77
7-1/2$ Note - 7/31/77-K
7-3/4$ Note - 8/15/77-B
5.634$ Bill - 8/23/77
8-1/4$ Note - 8/31/77-L
5.561$ Bill - 9/20/77
8-3/8$ Note - 9/30/77-M
1-1/2$ Note - 10/1/77-E0
5.126$ Bill -10/18/77
7-1/2$ Note -10/31/77-N
7-3/4$ Note -ll/15/77-E
5.201$ Bill -11/15/77
6-5/8$ Note -11/30/77-Q
4.708$ Bill -12A3/77
7-1/4$ Note -12/31/77-P
Footnotes on following page.
Issue
date
2/10/76
2/15/70
3/3/75
3/9/76
3/31/15
4A/72
4/6/76
4/30/75
5/4/76
2A5/74
8/15/74
6/1/76
5/27/75
6/29/76
6/30/75
1/21/16
7/31/75
W
8/29/75
9/21/76
9/30/75
10/1/72
L0/19/76
L0/31/75
Ll/15/74
Ll/15/76
3/3/76
L2/L4/76
L2/31/75
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Cash
Exchange
out
retire
security
standing
ment
offered
2,930
5,163
1,665
3,105
2,576
5
3,203
1,579
3,335
2,565
5,329
2,921
2,137
2,612
2,170
2,977
1,516
4,918
2,953
2,021
2,917
3,226
2,930
2,591
1,515
3,105
2,053
17
3,095
3,156
3,630
3,402
2,628
3,505
2,765
17
3,095
2,938
2,392
3,402
2,516
3,505
2,437
3,203
1,469
3,335
2,038
2,333
2,921
1,947
Results of ex
change offers
Exchanged
Turned
in for
cash 2/
2,572 12/
150 4 ^
523 41/
:
110 42/
527 42/
2,996 44/
190 45/
2,612
1,906
2,977
1,451
3,994
65 42/
924 42/
S$3
123 42/
2,917
3,136
90 5Q/
264 46/
~
-
218 £1/
1,238 32/
-
112 52/
328 54/
-
-
Description of new
securities offered
(See also Table FD0-4)
61
January 19 J8
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Source: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2 / Tax anticipation issue: for detail of offerings beginning August 1974,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" below.
4/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4# notes of Series B-1977 and $92 million of 7-1/2#
bonds of 1988-93 issued August 15, 1973.
5/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4# notes of Series B-1977 and $233 million of 7-1/2#
bonds of 1988-93 issued August 15, 1973.
6/ Exchanged by Federal Reserve banks and Government accounts for $220
million of 7# notes of Series C-1979, $220 million of 7# notes of
Series H-1975 and $136 million of 7-1/2# bonds of 1988-93 issued
November 15, 1973.
2 / Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8# notes of Series C-1977, $25 million of 7# notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2#
bonds of 1988-93 issued February 28, 1974.
8/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7# notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2# bonds of 1988-93 issued February 28, 1974.
2/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4# notes of Series 1-1976 and $343 million of 8-3/4#
notes of Series C-1978 issued May 15, 1974.
10/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4# notes of Series C-1978 and $279 million of 8-1/2#
bonds of 1994-99 issued May 15, 1974.
11/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9# notes of Series D-1977, $2,461 million of 9#'notes of
Series B-1980 and $486 million of 8-1/2# bonds of 1994-99 issued
August 15, 1974.
12/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4#
notes of Series J-1976 issued September 30, 1974.
13/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4# notes of Series E-1977, $949 million of 7-3/4# notes
of Series B-1981 and $196 million of 8-1/2# bonds of 1994-99 issued
November 15, 1974.
14/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2#
bonds of 1994-99 issued November 15, 1974.
15/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4#
notes of Series K-1976 issued December 31, 1974.
16/ Exchanged by Federal Reserve banks and Government accounts for $692
million of 7-1/8# notes of Series D-1978, $400 million of 7-3/8#
notes of Series C-1981 and $36 million of 7-7/8# bonds of 1995-2000
issued February 18, 1975.
17/ Exchanged by Federal Reserve banks and Government accounts for $4
million of 7-1/8# notes of Series D-1978 and $114 million of 7-7/8#
bonds of 1995-2000 issued February 18, 1975.
18/ Exchanged by Federal Reserve banks and Government accounts for $2,300
million of 7-5/8# notes of Series E-1978, $1,233 million of 8# notes
of Series A-1982 and $630 million of 8-1/4# bonds of 2000-05 issued
May 15, 1975.
19/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4#
bonds of 2000-05 issued May 15, 1975.
20/ Exchanged by Federal Reserve banks and Government accounts for $1,372
million of 7-7/8# notes of Series F-1978, $902 million of 8-1/8# notes
of Series B-1982 and $313 million of 8-3/8# bonds of 1995-2000 issued
August 15, 1975.
21/ Exchanged by Federal Reserve banks and Government accounts for
8-3/8# notes of Series M-1977 issued September 30, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for $384
million of 7-7/8# notes of Series C-1982 and $1*0 million of 8-3/8#
bonds of 199*'-2000 i ^ s H Nov^mb^r 17, 1975.
23/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4#
notes of Series P-1977 issued December 31, 1975.
24/ Exchanged by Federal Reserve banks and Government accounts for
$368 million of 7# notes ofSeries H-1979, $1,939 million of 8# notes
of Series A-1983 and $215 million of 8-I/4# bonds of 2000-05
issued February 17, 1976.
25/ Exchanged by Federal Reserve banks and Government accounts for 7#
notes of Series H-1979 issued February 17, 1976.
26/ Exchanged by Federal Reserve banks and Government accounts
for 6-3/4# notes of Series K-1978 issued March 31, 1976.
27/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8# notes of Series A-1986 issued 5/17/76 and $85 mil
lion of 7-7/8# bonds of 1995-2000.
28/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2# notes of Series L-1978 and $196 million of 7-7/8#
notes of Series A-1986, and $32 million of 7-7/8# hands of
1995-2000 issued May 17, 1976.
29/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8#
notes of Series M-1978 issued June 1, 1976.
30/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8#
notes of Series N-1978 issued June 30, 1976.
31/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8# notes of Series J-1979, $60 million of 8# notes of
Series B-1986, and $342 million of 8# bonds of 1996-2001 issued August 16,1976.
32/ Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 8# notes of Series B-1986 and $250 million of 8# bonds of
1996-2001 issued August 16, 1976.
33/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
notes of Series Q-1978 issued August 31, 1976.
34/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4#
notes of Series R-1978 issued September 30, 1976.
35/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series S-1978 issued November 1, 1976.
36/ Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-1/4# notes of Series K-1979 and $50 million of 7#
notes of Series B-1983 issued November 15, 1976.
37/ Exchanged by Federal Reserve banks and Government accounts for 5-3/4#
.notes of Series T-1978 issued November 30, 1976.
38/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4#
notes of Series U-1978 issued December 31, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/2# notes of Series G-1980, $881 million of 7-1/4#
notes of Series A-1984 and $391 million of 7-5/8# bonds of 2002-2007
issued February 1*5, 1977.
40/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series M-1979 issued February 28, 1977.
41/ Exchanged by Federal Reserve banks and Government accounts for 6#
notes ok Series N-1979 issued March 31, 1977.
42/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series P-1979 issued May 2, 1977.
43/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8#
bonds of 2002-2007 issued May 16, 1977.
44/ Exchanged by Federal Reserve banks and Government accounts for $2,623
.million! of 7-1/4# notes of Series A-1984 and $373 million of 7-5/8#
bonds oi* 2002-2007 issued May 16, 1977.
45/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8#
notes of .Series 0-1979 issued May 31 , 1977.
46/ Exchanged by Federal Reserve Banks and Government accounts for 6-1/8#
notes of Series R-1979 issued June 30, 1977.
47/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4#
notes of Series S-1979 issued August 1,1977.
42/ Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/4# notes of Series H-1980, $300 million of 7-1/4#
notes of Series B-1984, and $199 million of 7-5/8# bonds of 2002-07
issued August 15, 1977.
42/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
lotes of Series T-l?7? Issued August 31, 1977.
50/ Exchanged by Federal Reserve banks and Government accounts
for 6-5/8# notes of Series U-1979 issued September 30, 1977.
51/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4#
notes of Series V-1979 issued October 31, 1977.
52/ Exchanged by Federal Reserve banks and Government accounts for $625
million of 7-1/8# notes of Series J-1980, $373 million of 7-5/8# notes
of Series A-1987, and $240 million of 7-7/8# bonds of 2002-07 issued
November 15, 1977.
53/ Exchanged by Federal Reserve banks and Government accounts for
7-1/8# notes of Series W-1979 issued November 30, 1977.
j>4/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2#
notes of Series X-1979 issued January 3, 1978.
Note: Information an retirement of tax anticipation issues referred to
in footnote 3, in millions of dollars:
Date of
retirement
Securities
9/20/74
4/16/75
6/17/75
Bill
Bill
Bill
Total
amount
retired
Redeemed
for
taxes
1,526
402
2,251
1,256
184
426
Redeemed
for
cash
1,124
2,067
830
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
dollar amounts in millions)
Issue
date
Maturity
date
C 3/05/75
( 3/17/75
L 6/05/75
6/05/75
6/19/75
12/04/75
12/02/74
12/06/74
3/03/75
3/03/75
3/12/75
3/13/75
3/13/75
3/18/75
3/19/75
3/19/75
3/19/75
3/27/75
4/01/75
4/01/75
4/02/75
4/07/75
4/07/75
4/08/75
4/29/75
/ 5/06/75
\ 5/06/75
5/06/75
5/06/75
5/06/75
5/12/75
5/12/75
5/14/75
5/15/75
6/02/75
6/05/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/19/75
6/19/75
6/27/75
7/01/75
7/01/75
7/02/75
7/07/75
7/07/75
7/08/75
7/29/75
8/06/75
8/06/75
8/06/75
8/06/75
8/06/75
8/12/75
8/12/75
8/14/75
8/14/75
8/15/75
8/20/75
Month of
activity
1975-June.
Certificates of indebtedness
5 /1 5 /7 5
5/20/75
5 /2 3 /7 5
5/23/75
5/23/75
5 /2 7 /7 5
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
6/03/75
6/03/75
6/03/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/27/75
6/27/75
f
6/25/71
6/05/75
I 6/19/75
6/19/75
6/19/75
6/25/75
4/09/75
4/15/75
4/17/75
4/17/75
A 4/21/75
s 7/10/75
7/10/75
7/17/75
7/17/75
7/24/75
51 1/09/75
1/28/75
3/06/75
4/08/75
4/10/75
4/17/75
4/24/75
4/28/75
4/28/75
4/30/75
5/02/75
5/05/75
5/05/75
5/06/75
5/07/75
Interest
rate
(Percent)
7.40
7.25
5.45
5.45
5.65
5.65
5.65
5.40
5.40
5.40
5.40
5.55
5.60
5.60
5.60
5.60
5.60
6.05
5.75
5.35
5.35
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
8 /2 2 /7 5
8 /2 2 /7 5
8 /2 2 /7 5
5 .1 5
5 .1 5
5 .1 5
5 .1 5
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
9/03/75
9/03/75
9/03/75
9/03/75
9/03/75
9/12/75
9/12/75
9/15/75
9/18/75
9/19/75
9/27/75
9/27/75
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.25
5.25
5.25
5.25
5.25
5.10
5.10
5.10
4.80
4,80
5.70
5.70
6/25/75
6/04/75
4/19/77
5/19/77
6/20/77
6/25/82
6.55
6.90
6.79
6.79
6.83
7.84
6.60
5.85
6.01
6.05
6.05
5.55
5.65
5.65
5.65
5.75
5.75
5.75
5.75
5.35
5.35
7/10/75
7/17/75
7/17/75
7/17/75
7/24/75
10/09/75
1/08/76
10/16/75
10/16/75
10/23/75
7/10/75
7/29/75
9/04/75
7/08/75
7/10/75
7/17/75
7/24/75
7/28/75
7/28/75
7/30/75
8/01/75
8/05/75
8/05/75
8/06/75
8/07/75
Amount
Issued
Retired
_
87
200
903
-
_
10
9
13
6
9
17
2
-
20
82
10
2
9
13
6
9
17
12
7
2
11
4
11
2
8
7
17
3
3
6
6
3
7
3
4
4
200
303
600
80
447
182
182
126
79
80
500
8
4
7
25
16
12
26
7
51
22
23
9
300
300
600
81
74
182
160
102
-
5
20
16
3
17
15
3
14
8
5
2
13
4
7
8
2
2
2
4
2
Total outstanding
end of month
January 1978
63
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficial In stitu tions of Foreign Countries—Continued
(Payable m U.S. dollars; dollar amounts in millions)
Month of
activity
1975-July.
Aug.
Sept.
Oct.
Securities
Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
INotes
( Certificates of indebtedness
Issue
date
Maturity
date
Interest
rate
(Percent)
5/07/75
5/09/75
5/09/75
5/12/75
5/12/75
5/13/75
5/15/75
5/15/75
5/20/75
5/20/75
5/20/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
6/12/75
6/13/75
6/18/75
6/19/75
7/10/75
7/10/75
7/17/75
7/24/75
7/29/75
7/29/75
8/07/75
8/08/75
8/08/75
8/12/75
8/12/75
8/13/75
8/15/75
8/14/75
8/20/75
8/20/75
8/20/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
9/12/75
9/12/75
9/18/75
9/19/75
10/10/75
10/10/75
10/16/75
10/24/75
10/28/75
1/27/76
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.10
5.10
4.80
4.80
6.20
6.20
6.05
6.25
6.30
6.70
7/07/71
7/14/71
7/07/75
7/14/75
7/17/75
7/07/75
7/14/75
7/07/82
7/14/82
7/18/77
6.75
6.70
8.00
7.85
7.50
5/15/75
8/14/75
8/14/75
11/13/75
3/06/75
5/05/75
5/07/75
5/14/75
5/14/75
5/14/75
5/14/75
5/14/75
6/13/75
6/13/75
6/13/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/04/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/15/75
9/15/75
9/15/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
6.01
5/23/74
8/28/75
8/28/75
3/5/75
3/6/75
9/4/75
8/28/75
9/30/76
10/31/76
8.30
8.25
6.50
9/4/75
9/4/75
9/5/77
5.55
7.85
4/24/75
4/30/75
7/10/75
7/17/75
7/17/75
7/24/75
7/29/75
10/09/75
10/09/75
10/16/75
10/16/75
10/23/75
10/30/75
10/23/75
10/30/75
10/09/75
10/16/75
10/16/75
30/23/75
10/28/75
3/08/76
4/08/76
3/15/76
3/15/76
3/22/76
3/29/76
7/17/75
7/24/75
7/29/75
10/17/75
10/24/75
10/17/75
10/24/75
10/28/75
3/L6/76
3/23/76
6.05
6.25
6.30
6.05
5.90
6/27/74
7/25/74
10/02/75
10/02/75
10/02/75
10/30/75
10/30/75
10/02/75
10/30/75
13/30/76
12/33/76
2/28/77
3/33/77
4/30/77
8.40
Total outstanding
end of month
4
16
45
7
15
20,604
20
9
26
4
8
24
19
10
10
11
9
9
13
9
17
7
25
40
40
200
200
200
200
447
227
230
500
55
40
15
70
5.75
5.35
5.20
5.20
5.20
5.20
5.20
5.10
5.10
5.10
6.45
6.45
6.35
6.35
6.35
6.35
6.35
20
10
35
2
1
2
55
40
15
70
35
20
10
300
75
75
200
82
19,869
200
248
80
81
160
182
102
40
41
43
161
185
96
80
7
25
40
7
25
300
275
8.10
7.125
7.25
6.00
6.50
7.375
100
100
300
125
150
\ 19,621
Treasury Bulletin
64
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
Month of
activity
Securities
(Payable In U.S. dollars; dollar amounts in millions)
Interest
rate
Issue
Maturity
(percent)
date
date
Bills
1975-Nov............. .
Certificates of indebtedness
Notes
Bills
/ Certificates of indebtedness
Notes
£
Bills
Certificates of indebtedness
Notes
f
a/14/75
\ 11/13/75
f 8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
11/05/75
11/07/75
U/14/75
13/14/75
11/14/75
11/14/75
11/14/75
f 8/22/74
/ 13/28/75
\ 13/28/75
L 11/28/75
11/13/75
2/13/76
r 3/05/75
J
6/05/75
\ 12/04/75
^ 12/04/75
f 10/17/75
10/24/75
13/05/75
11/07/75
13/14/75
11/14/75
13/14/75
13/14/75
< 13/14/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
/* 9/19/74
)
12/16/75
\
12/18/75
I 12/18/75
/
7/10/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
10/30/75
3/08/76
\
3/08/76
3/08/76
3/15/76
3/15/76
3/22/76
3/27/76
^
3/29/76
J
7/29/75
<
12/02/75
^
12/02/75
f 10/24/74
/
3/29/76
\
3/29/76
I
3/29/76
12/16/75
12/04/75
3/04/76
6/03/76
1/16/76
3/23/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/33/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
3/16/76
1/23/76
2/13/76
2/13/76
*
Bills
<
13/13/75
3/08/76
3/27/76
3/27/76
2/05/76
2/13/76
2/26/76
2/26/76
2/26/76
13/05/75
13/07/75
13/14/75
11/14/75
13/14/75
11/14/75
13/14/75
2/05/76
2/06/76
2/33/76
2/13/76
2/13/76
2/13/76
2/13/76
11/28/75
6/30/77
7/31/77
10/31/77
12/18/75
12/16/77
5/15/78
8/15/78
3/08/76
3/08/76
3/15/76
3/15/76
1/22/76
3/29/76
3/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
3/27/76
1/23/76
2/05/76
1/29/76
10/31/77
8/15/78
11/15/78
2/13/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
_
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5.60
5.60
5.30
5.30
5.30
5.30
5.30
8.90
6.50
7.50
7.50
_
-
6.05
5.90
5.60
5.60
5.30
5.30
5.30
5.30
5.30
6.05
5.90
5.60
5.60
5.30
6.05
5.90
5.30
5.18
8.35
7.30
7.125
7.625
Amount
Issued
Retired
_
233
_
-
230
55
40
15
70
35
20
10
-
-
-
55
40
70
35
20
10
15
-
100
100
100
_
40
47
8
30
66
48
163
15
196
200
150
100
-
40
40
35
187
163
97
40
120
6.70
5.90
5.60
7.80
7.50
7.625
6.00
-
_
•
50
50
150
40
236
40
60
60
Total outstanding
end of month
\
>
19,684
^
19,966
>
2 0 ,0 0 2
J
240
200
87
“
7
25
55
40
10
20
35
70
15
-
8
10
200
74
41
185
161
96
40
80
-
-
“
40
20
25
175
233
40
40
120
“
“
"
65
January 1978
.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
1976-Feb.
Certificates of indebtedness
Certificates of indebtedness
Bills
Apr.
Certificates of indebtedness
May.
Certificates of indebtedness
Bills
July.
Issue
date
Maturity
date
Interest
rate
(percent)
5 .6 0
5 .6 0
5 .3 0
5 .3 0
5 .1 8
4 .8 5
4 .8 5
4 .8 5
4 .9 0
4 .9 0
4 .9 0
4 .9 0
4 .9 0
4 .9 0
1 2 /0 2 /7 5
1 2 /0 2 /7 5
1 2 /0 2 /7 5
1 2 /3 0 /7 5
1 2 /3 0 /7 5
2 /0 5 /7 6
2 /0 5 /7 6
2 /0 6 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /0 5 /7 6
2 /0 6 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
5 /0 5 /7 6
5 /0 5 /7 6
5 /0 5 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
9 /0 4 /7 5
2 /2 6 /7 6
3 /0 4 /7 6
3 /0 4 /7 6
3 /2 5 /7 6
3 /0 4 /7 6
3 /2 5 /7 6
8 /0 5 /7 6
9 /0 2 /7 6
1 2 /1 4 /7 6
2 /0 5 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
2 /1 3 /7 6
3 /0 9 /7 6
3 /1 6 /7 6
3 /1 8 /7 6
3 /1 9 /7 6
5 /0 5 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
6 /0 9 /7 6
6 /1 6 /7 6
6 /1 8 /7 6
6 /1 8 /7 6
4 .8 5
4 .9 0
4 .9 0
4 .9 0
4 .9 0
7 /1 9 /7 2
3 /2 2 /7 6
3 /2 2 /7 6
2 /1 5 /8 3
5 .7 5
7 .6 0
1 0 /0 9 /7 5
1 /1 5 /7 6
1 /1 5 /7 6
1 /2 2 /7 6
4 /0 8 /7 6
4 /1 5 /7 6
4 /1 5 /7 6
4 /0 8 /7 6
4 /1 5 /7 6
4 /1 5 /7 6
4 /2 2 /7 6
1 0 /0 7 /7 6
1 0 /1 4 /7 6
7 /1 5 /7 6
2 /0 6 /7 6
2 /0 6 /7 6
3 /0 9 /7 6
3 /1 6 /7 6
3 /1 8 /7 6
5 /0 6 /7 6
5 /0 6 /7 6
6 /0 9 /7 6
6 /1 6 /7 6
4 /0 1 /7 6
2 -0 6 -7 6
2 -1 3 -7 6
5 -0 6 -7 6
5 -1 3 -7 6
5 -0 6 -7 6
5 -1 3 -7 6
1 1 -0 4 -7 6
1 1 -1 2 -7 6
2 -0 6 -7 6
2 -1 3 -7 6
2 -1 3 -7 6
2 -1 3 -7 6
2 -1 3 -7 6
2 -1 3 -7 6
3 -1 9 -7 6
5 -0 6 -7 6
5 -0 6 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -0 6 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
5 -1 3 -7 6
6 -1 8 -7 6
8 -0 6 -7 6
8 —0 6 —7 6
8 -1 3 -7 6
8 -1 3 -7 6
8 -1 3 -7 6
8 -1 3 -7 6
8 -1 3 -7 6
1 2 /0 4 /7 6
1 /0 8 /7 6
2 /2 6 /7 6
6 /0 3 /7 6
7 /0 8 /7 6
6 /2 4 /7 6
Amount
Total outstanding
end of month
Issued
42
48
163
15
196
42
54
20
163
26
196
15
80
40
40
40
40
5.10
5.00
5.00
5.00
27
26
6
9
5
13
4
26
500
500
42
163
187
97
43
192
165
4 .8 5
4 .8 5
20
11
6/18/76
5.10
5.00
5.00
1 /3 1 /7 8
6 .3 7 5
19
40
236
40
243
4 .8 5
4 .9 0
4 .9 0
4 .9 0
4 .9 0
4 .9 0
5 .0 0
4 .9 5
4 .9 5
5.10
5.10
5.10
5 .1 0
5 .1 0
9
15
54
147
15
196
26
1 9 ,9 1 6
54
147
15
196
54
47
35
60
12/02/76
5 /1 3 /7 6
8 /1 3 /7 6
5 .1 0
20
6 /2 5 /7 6
1 1 /1 5 /8 2
3 /3 1 /7 8
6 .6 5
7 .6 0
6 .7 5
600
Notes
6 /2 5 /7 1
6 /2 5 /7 6
6 /2 8 /7 6
'Bills
2 /2 6 /7 6
47
100
7/29/76
7/15/76
60
165
167
60
1 0 /1 4 /7 6
8 /2 6 /7 6
5 /1 3 /7 6
5 A 3 /7 6
5 .1 0
25
8 /1 3 /7 6
5.10
7/07/71
7 /0 7 /7 6
6 .8 5
7/U /76
6,80
t8/15/76
m
7 .5 0
7 .6 5
7 .5 5
20
200
200
100
7/ 14/76
1 9 ,9 0 1
600
7 /1 5 /7 6
7 /2 9 /7 6
\m
7 /0 7 /7 6
2 0 ,0 1 3
13
4
6/03/76
8A3A6
2 0 ,0 7 0
11
Certificates of indebtedness
/certificates of indebtedness
2 0 ,0 9 0
200
200
► 1 9 ,7 5 8
66
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries—Continued
____________ (Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1976-Aug.
Securities
Maturity
date
Bills
3 /4 /7 6
7 /2 9 /7 6
8 /5 /7 6
8 /2 6 /7 6
8 /5 /7 6
8 /2 6 /7 6
Certificates of indebtedness
5 /1 3 /7 6
5 /1 3 /7 6
5 /1 3 /7 6
8 /1 3 /7 6
8 /1 3 /7 6
8 /1 3 /7 6
8 /1 3 /7 6
8 /1 3 /7 6
1 1 /1 2 /7 6
1 1 /1 2 /7 6
8 /2 8 /7 5
8 /2 8 /7 5
1 0 /2 /7 5
1 0 /2 /7 5
8 /6 /7 6
8 /9 /7 6
8 /9 /7 6
8 /1 0 /7 6
Bills
Sept.
Issue
date
Certificates of indebtedness
Certificates of
indebtedness
Interest
rate
(percent)
Total outstanding
end of month
40
60
20
60
9 /3 0 /7 6
3 /0 4 /7 6
9 /0 2 /7 6
8 /0 5 /7 6
9 /0 2 /7 6
9 /0 2 /7 6
9 /3 0 /7 6
8 /1 3 /7 6
8 /1 3 /7 6
9 /2 1 /7 6
9 /2 4 /7 6
3 A 5 /7 2
9 /1 5 /7 6
9 /1 5 /7 6
2 A 5 /8 1
4 /0 8 /7 6
4 /1 5 /7 6
7 /1 5 /7 6
1 0 /0 7 /7 6
1 0 /1 4 /7 6
1 0 /1 4 /7 6
1 0 /1 4 /7 6
1 0 /0 7 /7 6
1 0 /1 4 /7 6
1 0 /1 4 /7 6
1 /0 6 /7 7
4 /1 4 /7 7
8 /1 3 /7 6
8 /1 3 /7 6
1 0 /0 1 /7 6
1 0 /2 9 /7 6
1 0 /2 9 /7 6
1 0 /2 9 /7 6
1 0 /2 9 /7 6
1 1 /1 2 /7 6
1 1 /1 2 /7 6
1 2 /0 9 /7 6
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
5/06/76
5/L3/76
11/04/76
11/12/76
5 .1 0
82
5.10
15
196
5 .1 0
5 .2 0
5 .2 0
62
211
75
75
100
100
8 .2 5
6 .5 0
7 .1 2 5
7 .2 5
40
20
60
10
25
158
2 .5 0
7.375
160
43
192
167
43
197
169
1/13/77
1 /1 3 /7 7
169
5.20
5.20
15
196
4 /2 9 /7 7
7 /2 9 /7 7
1 0 /2 8 /7 7
5 .1 0
4 .9 5
5 .2 5
5 .3 5
5 .5 0
200
343
144
144
144
9 /3 0 /7 8
8 /1 5 /8 1
1 /3 0 /7 8
4 /2 8 /7 8
9 /2 8 /7 8
1 0 /3 0 /7 8
1 /2 9 /7 9
4 /3 0 /7 9
7 /3 0 /7 9
1 0 /2 9 /7 9
6.25
7.625
5.70
5.80
5.95
6,00
6.05
6.15
6.20
6.25
400
100
1/28/77
19,215
20,691
Bills
Certificates of
indebtedness
1 1 /0 4 /7 6
1 1 /1 2 /7 6
2 /0 3 /7 7
5 /1 2 /7 7
10/ 29;
1 0 /3 0 /7 5
II/04/76
1 1 A 2 /7 6
3 /3 1 /7 7
1 1 /1 5 /8 1
1 1 /1 5 /8 1
3/25/76
12/14/76
6/03/76
1 2 /0 2 /7 6
6 /0 2 /7 7
3 /1 0 /7 7
4 A 4 /7 7
1 2 /0 2 /7 6
1 2 /0 9 /7 6
1 2 /1 4 /7 6
1 2 /2 8 /7 6
96
96
96
96
48
48
48
48
40
243
40
250
5.20
4.95
27
36
6.50
7.75
7.75
125
2 0 ,9 0 8
200
200
40
47
47
240
40
3/31/77
300
►
1977-Jan.
Certificates of
indebtedness
1 0 /0 1 /7 6
1 0 /2 9 /7 6
1 2 /0 1 /7 6
1 2 /0 9 /7 6
V 2 8 /7 7
Notes
5 /2 9 /7 5
1 0 /3 0 /7 5
1 2 /2 8 /7 6
Bills
1 0 /0 7 /7 6
1 /0 6 /7 7
1 /0 6 /7 7
6 /0 9 /7 7
1 0 /2 9 /7 6
1 2 /3 1 /7 6
1 /2 8 /7 7
3 /3 1 /7 7
4 .9 5
4 .3 0
5 /2 9 /7 5
I / 28/77
1 /2 8 /7 7
5 A 5 /8 2
6 .6 5
8 .0 0
Certificates of*indebtedness
Notes
3/31/77
A/30/77
5 .1 0
4 .9 5
4 .3 0
60
15
6 .6 5
7 .3 7 5
300
150
_
-
20,753
200
43
43
47
15
300
300
2 0 ,6 8 9
67
January 1978
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
vJl
Mw
rOvIn
Vlil
J
l+
Ti
activity
Securities
(Payable in U.S. dollars; dollar amounts in millipns)
Interest
Maturity
rate
date
date
(percent)
r
Bills
1977-Feb..............
Notes
V*
/
Bills
Mar... ..........
{
Certificates of indebtedness
{V.
{
Certificates of indebtedness
(
r
Notes
s
Bills
Apr............ . /Certificates of indebtedness
Notes
{
<
Bonds
Bills
May........ .
<
/Certificates of indebtedness
Notes
(
S’
Bills
(
Certificates of indebtedness
June....... .
r
<
Notes
{
Bonds
Certificates of indebtedness
t
..............
July
Notes
<
11/04/76
2/03/77
2/23/77
10/29/76
5/29/75
10/02/75
2/28/77
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
12/09/76
12/28/76
2/23/77
10/29/76
7/19/72
9/15/72
5/27/75
3/10/77
3/15/77
3/22/77
3/25/77
3/31/77
3/10/77
3/31/77
5/26/77
4/29/77
3/22/77
3/15/77
3/25/77
3/31/80
3/31/80
2/15/84
11/15/79
12/31/80
10/14/76
12/14/76
2/23/77
4/14/77
4/14/77
10/29/76
4/14/77
4/14/77
5/26/77
10/13/77
10/13/77
4/29/77
5/27/75
6/19/75
4/27/77
4/19/77
11/12/76
2/03/77
2/23/77
5/05/77
5/12/77
5/26/77
10/29/76
4/27/77
4/19/77
8/15/81
2/15/82
1/09/75
5/27/75
6/19/75
5/16/77
5/19/77
5/27/77
12/02/76
1/06/77
5/26/77
6/02/77
6/09/77
10/29/76
6/26/72
6/05/75
6/19/75
11/28/75
6/03/77
6/20/77
6/27/77
6/30/77
6/30/77
6/27/77
5/12/77
5/05/77
5/26/77
8/04/77
11/10/77
8/25/77
7/29/77
5/15/77
5/27/77
5/19/77
1/31/79
2/15/82
2/15/83
6/02/77
6/09/77
8/25/77
12/01/77
9/08/77
7/29/77
6/27/77
6/04/77
6/20/77
6/30/77
3/31/81
11/15/83
5/15/81
4/30/79
11/15/79
8/15/84
10/29/76
7/20/77
7/21/77
7/26/77
7/28/77
7/07/72
7/14/72
1/15/73
7/17/75
11/28/75
7/07/77
7/14/77
7/15/77
7/18/77
7/29/77
10/20/77
10/21/77
10/26/77
10/28/77
7/07/77
7/14/77
7/15/77
7/18/77
7/31/77
11/15/83
11/15/83
2/15/84
12/31/79
Amount
Issued
Retired
Total outstanding
end of month
40
40
30
5.25
6.90
6.00
9.00
45
300
100
1
20,575
300
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
:
-
240
300
5
56
500
157
260
20,617
►
200
100
500
260
500
197
40
7
5.25
6.90
6.79
7.625
6.375
5.35
6.875
7.00
6.79
5.875
6.375
8.00
202
40
_
300
200
5.35
5.25
5.25
5.20
5.20
5.90
5.875
7!50
7.50
6.90
6.90
7.25
7.50
250
40
18
^
20,469
y
40
256
10
_
45
100
300
300
'
20,423
>
20,357
100
300
300
47
43
10
5.35
5.95
6.90
6.83
6.50
6.875
7.0
6.50
5.875
6.25
6.95
42
300
303
47
43
-
200
300
300
50
50
300
56
600
200
300
100
42
>
22
4
4
4
-
200
200
150
400
200
200
156
447
100
►
20,197
68
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Secu rities (Nonmarketable)
Issued to O fficial In stitu tion s of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1977-Aug.............
Sept........... .
Issue
date
Securities
Interest
rate
(percent)
Bills
f 5-05-77
[ 8-04-77
8-04-77
2-02-78
-
Certificates of Indebtedness.
^ 10-29-76
7-20-77
7-21-77
7-26-77
7-28-77
10-28-77
10-20-77
10-21-77
10-26-77
10-28-77
5.50
5.25
5.25
5.20
5.20
( 12-19-74
8-15-77
5-31-79
2-15-80
7.75
6.125
6.50
9-08-77
3-09-78
10-28-77
-
Notes
1 8-01-77
i 8-01-77
>
Bills
r 6-09-77
Certificates of Indebtedness
Notes
i, 9-08-77
10-29-76
r 7-19-72
9-04-75
9-06-77
9-07-77
9-07-77
9-22-77
f
Bills
Certificates of indebtedness
Oct.............
Notes
>
Bills
Certificates of Indebtedness
Notes
y
Bills
Dec.... ......... /Certificates of Indebtedness
Notes
Source: Bureau of the Public Debt.
* Less than $500,000.
9-22-77
9-05-77
8-15-79
3-31-80
5-15-80
8-15-84
5.50
5.90
7.85
6.875
7.50
6.875
7.20
10-13-77
10-13-77
4-13-78
4-13-78
10-28-77
1-05-78
1-06-78
1-13-78
1-17-78
1-24-78
1-26-78
6.10
6.15
6.15
6.20
6.20
1-09-75
1-23-75
11-28-75
12-18-75
12-18-75
1-29-76
1-29-76
'L 1-29-76
2-15-78
2-15-78
10-31-77
5-15-78
8-15-78
11-15-78
8-15-78
10-31-77
6.25
6.25
7.50
7.125
7.625
6.00
7.625
7.50
r 5-12-77
11-10-77
11-28-77
11-28/77
Is. 11-28-77
( 11-02-77
11-14-77
11-22-77
1 11-25-77
11-10-77
5-11-78
11-30-77
1-03-78
11-30-77
2-02-78
2-14-78
2-22-78
2-24-78
11-15-77
1-30-78
1-31-78
12-01-77
3-02-78
3-06-78
3-06-78
3-07-78
3-08-78
13-©9-78
3-13-78
3-13-78
3-14-78
3-15-78
3-16-78
3-20-78
3-20-78
3-21-78
3-22-78
3-23-78
3-28-78
3-30-78
> 12-14-74
/ 10-29-76
I 11-28-77
\ 6-02-77
\ 12-01-77
>12-05-77
12-06-77
12-07-77
12-08-77
12-09-77
12-12-77
12-13-77
12-14-77
< 12-15-77
12-16-77
12-19-77
12-20-77
12-21-77
12-22-77
12-23-77
12-27-77
%12-30-77
* 6-29-73
| 12-16-75
10-29-76
. 12-12-77
12-12-77
12-12-77
^ 12-19-77
12-29-77
12-16-77
1-30-78
7-31-79
8-31-79
9-30-79
2-28-78
Amount
Issued
Total outstanding
end of month
Retired
40
N
40
-
56
22
4
4
4
^
20,055
150
50
50
43
<
43
4-14-77
4-14-77
10-13-77
■s.10-13-77
' 10-29-76
10-05-77
10-06-77
< 10-14-77
10-17-77
10-24-77
10-26-77
S.
Nov..............
Maturity
date
500
200
►
200 ,
300 1
200
500
20,510
40
202
-
40
209
2:8
27
9
49
17
18
17
-
>
42
^
19,861
^
20,455
y
21,018
100
100
100
150
100
100
50
50
256
265
300
300
300
6.30
6.20
6.10
6.10
45
19
13
45
7.75
5.70
6.375
300
_
100
37
47
6.05
6.05
6.05
6.05
6.05
6.05
6.10
6.10
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
2.50
7.30
5.70
6.25
6.625
6.625
8.00
47
36
12
62
21
46
28
30
18
33
23
16
14
24
8
59
27
84
-
199
200
30
50
50
50
300
<
69
January 1978
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to O fficial In stitu tion s of Foreign Countries
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Month of
activity
1972-July.,
Securities
{
Certificates of indebtedness
Notes
Aug..,
Certificates of indebtedness
Sept.
Oct.
Notes
Certificates of Indebtedness
1973-Jan..
Notes
Certificates of indebtedness
Notes
Notes
3 .5 0
4 .3 7 5
5 .2 8
T Swiss francs
\ Swiss francs
2 /4 /7 2
8 /4 /7 2
8 /4 /7 2
2 /2 /7 3
3 .6 2 5
4 .2 5
57*
f Swiss francs
\ Swiss francs
6 /1 /7 1
9 /1 /7 2
9 /1 /7 2
1 1 /3 0 /7 3
5 .1 5
5 .5 0
29
J German marks
/ Swiss francs
1 Swiss francs
4 /1 /6 8
7 /6 /7 1
1 0 /6 /7 2
1 0 /2 /7 2
1 0 /6 /7 2
1 /7 /7 4
5 .7 3
6 .1 5
5 .7 0
59
francs
francs
francs
francs
8 /6 /7 1
8 /1 9 /7 1
1 1 /6 /7 2
1 1 /2 0 /7 4
1 1 /6 /7 2
1 1 /2 0 /7 2
2 /6 /7 4
2 /2 0 /7 4
6 .3 5
5 .6 5
5 .4 0
5 .2 5
29
32
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
6/ 24/68
9 /1 0 /7 1
9 /1 3 /7 1
1 2 /1 1 /7 2
1 2 /1 3 /7 2
1 2 /2 2 /7 2
1 2 /1 1 /7 2
1 2 /1 3 /7 2
3 /1 1 /7 4
3 /1 3 /7 4
6 .2 5
5 .4 5
5 .5 5
5 .5 0
5 .4 7
francs
francs
7 /2 1 /7 2
1 /1 9 /7 3
1 /1 9 /7 3
7 /1 9 /7 3
4 .3 7 5
5 .2 5
francs
francs
francs
francs
1 0 /8 /7 1
1 0 /2 9 /7 1
1 /8 /7 3
1 /2 9 /7 3
1 /8 /7 3
1 /2 9 /7 3
4 /8 /7 4
4 /2 9 /7 4
5 .2 5
4 .8 5
5 .7 0
6 .0 0
35
45
/ Swiss francs
I Swiss francs
8 /f/7 2
2 /2 /7 3
2 /2 /7 3
8 /2 /7 3
4 .2 5
5 .7 5
57
German marks
8 /1 9 /6 9
2 /1 9 /7 3
3 .0 5
1 2 /9 /7 1
3 /9 /7 3
4 .8 0
C Swiss
' Swiss
V.
C Swiss
) Swiss
\ Swiss
V.Swiss
114
76
56
28
153
57
285
26
114
H4
33
43
11/
129
ySwiss francs
10
5
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
j Swiss francs
\ Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
1 0 /2 /6 9
8 /2 7 /7 1
5 /1 8 /7 2
5 /3 b /7 2
9 /1 /7 2
1 0 /6 /7 2
1 1 /6 /7 2
1 1 /2 0 /7 2
1 2 /H /7 2
1 2 /1 3 /7 2
3 /8 /7 3
1 /2 9 /7 3
1 0 /2 /7 3
8 /2 7 /7 3
8 /2 0 /7 3
8 /3 0 /7 3
1 1 /3 0 /7 3
1 /7 /7 4
2 /6 /7 4
2 /2 0 /7 4
3 /U /7 4
3 /1 3 /7 4
4 /8 /7 4
4 /2 9 /7 4
2 .0 5 1
5 .6 7
4 .7 7
4 .5 5
5 .5 0
5 .7 0
5 .4 0
5 .2 5
5 .5 0
5 .4 7
5 .7 0
6 .0 0
19
46
4
4
3
6
3
3
26
2
3
4
francs
francs
francs
francs
1 /5 /7 2
1 /L 7 /7 2
4 /5 /7 3
4 /1 7 /7 3
4 /5 /7 3
4 /1 7 /7 3
7 /5 /7 4
7 /1 7 /7 4
4 .5 0
4 .1 5
6 .9 3
6 .7 0
29
170
Certificates of indebtedness
/Swiss Cranes
\ Swiss francs
1 /1 9 /7 3
7 A 9 /7 3
7 /1 9 /7 3 .
1 /1 8 /7 4
5 .2 5
6 .1 2 5
127
Certificates of indebtedness
Swiss francs
2 /2 /7 3
8 /2 /7 3
5 .7 5
fSwiss francs
ISwiss francs
8 /2 7 /7 1
5 /1 8 /7 2
5 /3 0 /7 2
8 /2 /7 3
8 /2 0 /7 3
8 /2 7 /7 3
8 /3 0 /7 3
Notes
francs
francs
francs
francs
1 0 /2 /7 3
2 .0 5 1
1 1 /3 0 /7 3
2 /2 8 /7 5
5 .5 0
6 .9 8
7 /1 9 /7 3
1 /1 8 /7 4
1 /1 8 /7 4
7 A 8 /7 4
1 0 /& /7 2
1 /7 /7 4
4 /7 /7 5
1Swiss francs
Certificates of indebtedness
f Swiss francs
1974-rJan.,
Notes
Footnotes at end of table.
iSwiss francs
I Swiss francs
\Swiss francs
lA/74
6 .1 2 5
8 .0 5
5 .7 0
7 .0 7
}
1
►
1 ,7 1 3
1 ,5 6 1
154
J
1 1 ,5 7 8
-
-
► 1 ,7 4 3
| 1,746
62
391
37
383
-
3 /3 /7 2
Notes
-
64
38
400
38
9 /1 /7 2
1 1 /3 0 /7 3
1 ,7 1 0
►
124
8 /2 7 /7 3
8 /2 0 /7 3
8 /3 0 /7 3
1 1 /1 /7 4
1 1 /2 0 /7 4
1 1 /2 7 /7 4
1 1 /2 9 /7 4
German marks
1 ,8 5 2
25
148
5 .6 7
4 .7 7
4 .5 5
8 .7 0
8 .2 5
8 .1 2 5
8 .2 0
1Swiss francs
1 ,8 5 0
}
111
5 .2 5
5 .7 5
( Swiss
■Swiss
ISwiss
^Swiss
2 ,0 0 1
}
57
6 .6 2 5
Notes
2 ,0 0 0
153
275
26
6 /7 /7 4
J Swiss francs
1 ,9 9 9
}
)
}
7 /1 9 /7 3
8 /2 /7 3
Aug.,
Total outstanding
end of month
28
31
3 /9 /7 3
f Swiss
) Swiss
\ Swiss
VjSwiss
Retired
111
7 /2 1 /7 2
1 A 9 /7 3
7 /3 /7 2
1 /1 9 /7 3
2 /2 /7 3
Notes 2/
Not .
Issued
f Swiss francs
Apr.
Oct.,
Interest
rate
(percent)
1 Swiss francs
Certificates of indebtedness 2/
July.,
Maturity
date
1 /2 1 /7 2
7 /2 1 /7 2
7 /3 /6 7
f Swiss francs
Mar..
Issue
date
/ Swiss francs
^ Swiss francs
German marks
fSwiss
/ Swiss
\ Swiss
VSwiss
Nov.
Feb.,
Payable
in —
> 1,758
172
32
33
1 ,5 8 6
} 1,586
127
127
65
67
|
1.588
70
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities <Nonmarketable)
Issued to Official Institutions of Foreign Countries —Continued
(Dollar amounts in millions)
Month of
activity
Payable
in —
1974-Feb.
Apr.
Notes
Certificates of indebtedness
July.
Notes
1975-Jan.
Feb.
JCertificates of indebtedness
| Notes
Notes
Apr,
Sept
Oct.
Nov.
1976-Feb.
Mar.
Notes
Amount
(Dollar equivalent)
Interest
rate
(percent)
Total outstanding
end of month
francs
francs
francs
francs
13/06/72
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 Swiss
) Swiss
S Swiss
v* Swiss
francs
francs
francs
francs
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
318
30
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss 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
3-09-73 7
6-07-74
1-18-74
7-18-74
4-05-73
4-17-73
7-05-74
7-17-74
6-07-74
9-08-75
( Swiss francs
\ Swiss francs
C Swiss francs
{ Swiss francs
r Swiss francs
8.40
8.40
8.60
32
35
7-18-74
1-20-75
127
7-05-74
7-17-74
10-06-75
10-17-75
6.93
6.70
8.55
8.40
29
170
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
64
38
400
38
Swiss francs
Swiss francs
7/18/74
1/20/75
1/20/75
4/20/76
7.90
6.97
127
Swiss francs
Swiss francs
11/30/73
2/28/75
2/28/75
5/28/76
6.98
6.10
33
C Swiss francs
1 Swiss francs
1/7/74
4/7/75
4/7/75
7/7/76
7.07
6.88
67
2/06/74
2/20/74
5/06/75
8/20/75
5/06/75
5/20/75
8/06/76
8/20/76
6.60
6.60
6.80
6.40
33
36
3/11/74
3/13/74
6/11/75
6/11/75
6/13/75
6/11/75
6/13/75
9/10/76
12/10/76
6/14/76
7.15
7.25
6.21
6.39
5.79
148
170
30
4/08/74
4/29/74
7/08/75
7/29/75
7/08/75
7/29/75
10/08/76
10/29/76
6/7/74
9/8/75
7/05/74
7/17/74
10/06/75
10/17/75
11/27/74
11/26/75
11/01/74
11/20/74
2/02/76
2/20/76
9/8/75
3/8/77
10/06/75
10/17/75
4/06/77
4/18/77
H / 26/75
5/26/77
2/02/76
2/20/76
8/02/77
8/19/77
8.40
8.60
7.15
7.35
8.35
7.75
8.55
8.40
7.70
7.25
7.35
6.95
7.94
7.30
6.08
6.35
13/29/74
3/01/76
9/01/77
/ Swiss francs
\ Swiss francs
V.Swiss francs
{
francs
francs
francs
francs
francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
"“Swiss francs
Swiss francs
[Swiss francs
Swiss francs
Swiss francs
k.Swiss francs
Swiss francs
Swiss francs
,Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
3/01/76
7.30
6.40
1,589
311
29
1,597
23
14
49
1.599
24
15
50
6.625
8.35
8.05
7.90
'Swiss
Swiss
Swiss
Swiss
wSwiss
July
Maturity
date
f Swiss
I Swiss
\ Swiss
Swiss
J Swiss francs
J Swiss francs
\ Swiss francs
Swiss francs
May,
Issue
date
129
1.599
129
127
29
170
1.599
64
38
400
38
►
1,599
1.599
33
1.599
67
1.599
33
36
1.599
318
30
1.599
38
50
38
50
129
129
29
170
29
170
400
1.599
1.599
400
1.599
64
38
1.599
38
1.599
64
33
38
1.599
71
January 1978
.PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
Payable
in —
Securities
1976-Apr.
Swiss francs
Swiss francs
May.
Notes
June.
Notes
July.
Notes
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
f Swiss francs
i Swiss francs
Aug.,
\ Swiss francs
V. Swiss francs
Sept.
{
Swiss francs
Swiss fraancs
Swiss francs
Swiss francs
Swiss francs
.Swiss francs
Oct...
Nov.
Notes
Dec.
Notes
1977-Jan.
Notes
Feb..
Apr.
Notes
Notes
Maturity
date
1/20/75
4/20/76
2/28/75
5/28/76
6/13/75
6/14/76
4/20/76
10/20/77
5/28/76
11/28/77
6/14/76
12/14/77
4/07/75
7/07/76
5/6/75
5/20/75
8/6/76
8/20/76
7/07/76
1/06/78
8/6/76
8/20/76
2/6/78
2/20/78
6A1/75
9/10/76
9/10/76
3/10/78
7/38/7-5
10/8/76 .
10/8/76
4/07/78
7.15
5.95
38
50
6.97
6.10
6.10
7.05
33
36
67
33
36
148
38
10/29/76
4/28/78
7.35
5.80
12/10/76
12/10/76
3/08/77
6/09/78
6.39
9/08/75
3/08/77
7.75
26
9/08/75
3/08/77
7.75
26
francs
francs
francs
francs
9/08/75
10/06/75
3/08/77
10/06/75
10/17/75
11/26/75
4/18/77
3/08/77
4/06/77
9/08/78
4/06/77
4/18/77
5/26/77
10/18/78
7.75
7.70
5.90
7.70
7.25
6.95
5.60
11/26/75
5/26/77
2/02/76
5/26/77
11/27/78
Swiss francs
Swiss francs
"Swiss francs
Swiss francs
[Swiss francs
6.39
7.75
5.25
Notes
8/02/77
Notes
Swiss francs
2/02/76
8/02/77
6.08
Aug...
riss francs
.ss francs
iSwiss francs
riss francs
2/02/76
2/20/76
3/01/76
8/19/77
8/02/77
8/19/77
9/09/77
2/20/79
6.08
6.35
6.40
6.60
Sept.
[Swiss francs
Swiss francs
[Swiss francs
3/01/76
4/20/76
9/01/77
9/01/77
10/20/77
3/01/79
6.40
6.10
6.40
4^20/76
5/28/76
10/20/77
5/28/76
6/14/76
6A4/76
7/07/76
10/20/77
11/28/77
4/20/79
11/28/77
12/14/77
12/14/77
1/06/78
6.10
7.05
7.15
7.05
6.75
6.75
6.70
Notes
30
348
July.
Notes
30
6.80
6.40
6.50
6.35
June.,
Notes
33
33
67
6.95
6.10
6.08
0&t.,
127
127
5.79
6.75
6.88
6.70
fewiss francs
Swiss francs
Swiss francs
May..
Total outstanding
end of month
7/29/75
10/29/76
6/13/75
6/11/75
9/08/75
12/10/76
Swiss
J Swiss francs
< Swiss francs
j Swissfrancs
[Swiss
'Swiss
Swiss
|Swiss
Amount
(Dollar equivalent)
Interest
rate
(percent)
Issue
date
jSwiss francs
'Swiss francs
[Swiss francs
[Swiss francs
iSwiss francs
(Swiss francs
iSwiss francs
Source: Bureau of the Public Debt.
2/ 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
50
150
20
137
56
26
50
3
170
14
160
386
360
33
27
4
38
13
25
26
25
101
8
25
27
3
39
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
72
Treasury Bulletin
UNITED STATES SAVINGS BONDS,
Series E and Series H are the only savings bonds cur
rently sold.
April 30, 1957.
Series E has been on sale since May 1, 1941,
and Series H has been on sale since J,une 1, 1952.
A - D were sold from March 1, 1935
through April 30,
Series F and G were sold from May 1, 1941
Series
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
1941.
through April
30, 1952. Series J and K were sold from May 1, 1952
Details of the principal changes in issues,
interest yields,
through
May and October 1961,
June 1968,
the Treasury for fiscal years 1966 through 1976.
Table SB-1. - Sales and Redemptions by Series, Cumulative through December 31, 1977
(In millions of dollars)
Series
Sales 1/
Series A-D 2/..
Series £ and H.
Series F and Q.
Series J and K.
Total A-K....
Accrued
discount
3,949
198,205
28,396
3,556
1,054
52,568
1,125
198
234,105
54,946
Amount outstanding
Sales plus
accrued
discount
Redemptions 1/
5,003
250,773
29,521
3,754
289,051
5,000
174,171
29,506
3,750
212,427
Interestbearing debt
Matured
non-interestbearing debt
76,602
76,602
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions 1/
Sales plus
accrued
discount
Total
Sales
price 2/
Amount outstanding
Period
Sales 1 /
Accrued
discount
fiscaj. years:
1935-68...........
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977.............
£§a£B&ar.yejffs:
175,417
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,293
1,833
7,895
29,158
1,789
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
204,575
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
152,781
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
7,064
137,011
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
5,495
15,769
1,102
172,959
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7,954
28,285
1,759
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
201,244
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
149,538
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
7,110
633
677
668
711
683
709
665
315
345
306
307
328
305
328
643
698
621
612
636
631
3*4
319
318
339
32Gr
340
948
1,022
973
1,018
1,011
1,014
993
96(9
987
605
641
568
615
591
563
619
437
721
588
547
547
593
1935-67...........
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
. 1977.............
Months:
1.976-Dec..........
1977-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
JUly.........
Aug..........
Oct........ .
Nov..........
Dec..........
Footnotes at end of Table SB-4.
tn
956
971
and
September 1970; and the Annual Report of the Secretary of
Accrued
discount 2 /
Interestbearing debt
Matured
non-interestbearing debt
1,083
1,032
1,092
1,314
1,346
1,409
371
1,567
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
82
82
55
46
39
34
29
27
23
22
21
134,313
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
5,520
15,225
1,040
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
1,590
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76,602
126
112
64
50
42
37
31
26
25
17
21
475
504
447
477
455
434
479
332
548
454
429
425
458
130
137
121
138
136
129
141
105
71,853
72,234
72,640
73,037
73,457
73,908
74,282
17
17
17
22
22
22
22
22
22
21
21
1,240
m
133
118
123
135
74,803
75,059
76,224
76,602
21
21
73
January 1978
_____________ UNITED STATES SAVINGS BONDS_____________
Table SB-3. - Sales and Redemptions by Periods, Series £ through K
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Amount outstanding
Redemptions 1/
Total
Sales
price 2 /
Accrued
discount 2/
Interest-bearing
debt
Matured
non-interestbearing debt
Series E and H Combined
...........
"gftg?.8
1969.,................
_
139,517
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
7,895
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
166,298
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
114,727
6,198
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
7,063
101,195
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
1,345
5*495
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
1,567
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,4U
194^-67............... . 137,059
1968..................
4,696
1969..................
4,393
1970..................
4,665
1971..................
5,477
1972..................
6,236
6,270
1973..................
6,862
1974..................
1975..................
7,038
1976..................
7,555
1977..........
7,954
Mhrrhha**
sSsaUisss
1976-Dec...............
633
677
1977-Jan...............
668
Feb...............
Mar...............
711
683
May...............
709
June..............
665
July..............
643
698
Aug...............
621
Oct...............
612
636
631
25,910
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
162,970
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
111,617
5,915
6,565
6,281
5,237
5,359
6,206
6,824
6,290
6,762
7,114
98,640
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
5,524
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76,602
315
345
306
307
328
305
328
948
1,022
973
1,018
1,011
1,014
993
997
1,016
939
952
956
971
601
472
71,853
-
641
568
621
591
563
619
476
760
587
547
547
593
504
446
481
455
434
479
371
587
454
429
425
458
129
137
121
140
136
129
141
105
173
133
118
123
135
72,234
72,640
73,037
73,457
73,908
74,282
_
74,803
75,059
75,411
75,816
76,224
76,602
.
-
33,059
140,
27
8
6
5
5
1
4
1
1
31,763
124
24
7
5
4
4
1
3
1
1
1,296
16
3
1
1
1
1
*
*
*
*
140
_
_
_
_
-
31,643
194
65
11
6
5
4
4
*
6
-3
1,282
23
9
2
1
1
1
1
*
2
-1
229
27
•
”
39,925
218
74
13
7
5
5
5
1
8
-4
_
_
•
_
_
„
-
58
44
37
32
27
22
21
13
18
_
_
.
_
-
4
*
*
-6
_
.
_
1
*
3
*
1
*
*
-1
_
_
_
-
13
_
13
18
18
18
18
18
18
18
18
18
18
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
T.Q...................
1977..................
yeare:
354
319
318
339
320
340
_
_
_
„
_
_
_
-
..
_
_
_
_
-
-
-
-
Series F, G, J, and K combined i j
Fiscal years:
1941-68...............
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
T.Q...................
1977..................
Calendar years:
31,951
-
1,322
1
1941-67...............
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
31,951
_
_
-
1,321
2
*
_
_
_
Months:
1976-Dec...............
1977-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug...............
SSP*..............
Oct...............
Nov............. ..
Dec...............
Footnotes at end of Table SB-4.
-
-
-
-
-
—
_
-
33,273
1
-
_
_
_
-
-
33,272
2
*
-
*
-4
•
_
.
1
*
*
_
•
-
_
_
_
.
_
_
_
_
-
75
76
49
41
34
30
25
24
20
19
18
&
23
74
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K—Continued
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount j/
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
1941-68...
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197$......
T.Q.......
1977......
129,173
4,343
4,289
4,870
5,650
6,190
6,145
6,503
6,975
1,761
7,576
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
155,954
6,131
6,130
6,92$
7,960
8.755
8,894
9.755
10,471
2,663
11,403
110,331
5,548
5.959
4.959
4,972
5,209
6,156
6,063
6,114
1,611
6,638
96,800
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
5,070
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,567
1,818
I84
210
231
292
338
310
310
326
80
313
43.805
44,205
44,167
45,902
48,598
51.806
54,234
57,617
61,648
62,621
67,073
126,851
4,452
4,221
4,503
5,218
5,922
5,988
6,524
6,729
7,245
7,638
25,910
1,757
1,832
1.909
2,192
2,426
2,673
2,994
3,368
3,597
3.910
152,761
6,209
6,052
107,540
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6,336
6,686
94,567
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
5,095
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
1,717
191
180
228
249
329
319
310
326
327
303
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63.676
68.235
611
315
345
306
307
328
305
328
926
986
948
986
984
984
970
566
129
137
121
615
668
602
598
611
606
354
319
318
339
320
340
969
987
920
937
932
946
437
466
412
442
419
399
446
332
548
27
641
642
679
656
678
642
31
26
28
24
24
24
25
28
23
25
24
20
63.676
64,027
64,414
64,790
65,194
65,624
65,984
66,490
66,729
67,073
67,472
67,869
68.235
7,766
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8,084
8,131
8,338
Qaleflday years:
1941-67....
196 8
196 9
197 0
197 1
197 2
.
197 3
197 4
.
197 5
.
197 6
.
1977......
Months:
1976-De c
1977-Ja n
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept....
Oct*....
Nov.....
Dec.....
6,412
7,411
8,348
8,661
9,518
10,097
10,841
11,548
604
534
582
556
529
586
437
721
553
513
510
561
420
395
388
426
140
136
129
141
105
173
133
118
123
135
Series H
Fiscal vears:
1952-68..............
1969................
1970................
1971................
1972................
1973................
1974................
1975................
1976................
T.Q.................
1977................
Calendar years:
1952-67............ .
1968................
1969................
1970................
1971................
1972................
1973................
1974................
1975................
1976................
1977................
Months*
1976-Dec.............
1977-Jan.............
Feb.............
Mar.............
10,343
207
160
212
289
322
284
324
318
72
319
_
_
-
10,343
207
160
212
289
322
284
324
318
72
319
4,396
650
762
457
359
372
519
455
425
10,209
244
172
162
259
314
282
338
309
_
_
-
10,209
244
172
162
259
314
282
338
309
310
316
4,077
_
_
22
36
26
32
27
31
23
28
29
18
15
24
-
-25
May.............
July............
Sept............
Oct.............
Nov.............
Dec.............
Footnotes at end of Table SB-4.
310
316
22
36
26
32
27
31
23
28
29
18
15
24
25
_
4,396
650
762
457
359
372
519
455
425
104
425
-
-
1,818
I84
210
231
292
338
310
310
326
80
313
366
353
465
506
404
427
428
4,077
615
730
655
366
353
465
506
404
427
428
_
_
_
1,717
191
180
228
249
329
319
310
326
327
303
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8,177
8,368
34
38
34
39
35
35
33
39
39
34
34
37
32
34
38
34
39
35
35
33
39
39
34
34
37
32
-
27
31
26
28
24
24
24
25
28
23
25
24
20
8,177
8,207
8,225
8,247
8,263
8,284
8,298
$
615
730
655
-
-
8,312
8,33°
8,338
VM
8,368
75
January 19J8
TTMTTttn STATES SAVINGS BONDS__________________________________
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Fiscal years:
1951-62................ .
1963...................
1964................... .
1965................... .
1966...................
1967...................
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1975...................
1976...................
T.Q....................
1977...................
Calendar years:
1951-61.................
1962....................
1963....................
1964....................
1965....................
1966....................
1967....................
1968...................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
1977....................
Months♦
197^-Dec................
1977-Jan................
Feb................
Mar................
Apr................
May................
June...............
Aug................
Sept...............
Oct............... .
Nov................
D§©................
Unmatured
Total
Total
Series E
and H
77,184
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
7,064
35,180
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
3,578
18,678
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
76,399
5,602
5,021
5,252
5,441
33,560
2,387
2,043
2,171
17,872
1,656
l>63-7
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
6,000
5,793
6,133
6,639
6,295
5,244
5,365
2,148
2,472
2,386
2,652
2,686
2,841
2,022
246
280
412
260
143
29
9
7
5
5
2,724
2,545
2,816
794
-577
2,053
2,508
2,627
2,481
3,275
2,556
605
622
618
641
568
615
591
563'
620
301
353
298
298
233
348
173
294
253
097
263
168
301
476
"760
587
547
547
592
16,502
657 2/
304
2,481
2,036
2,121
6,833
6,291
6,771
7,110
6,210
Other
-1
4
3
1
15,818
730 8/2/
426 2 /
282
216
391
345
209
84
15
8
6
2,481
3
5
*
3,275
2,556
-4
8
4
*
*
353
304
298
233
348
-6
*
*
173
294
253
197
263
168
Source: Monthly Statement of the Public Debt of the U.S.; Office of Mar
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bands are included at is
sue price, and redemptions and amounts outstanding at current redemp
tion value. Series G,H, and K are included at face value 'throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January 1960; and (3) U.S. savings notes for Series H bonds beginning
January 1*2*72; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2 / Because there is a normal lag in classifying redemptions, the distri
bution of redemption between sales price and accrued discount has been
'estimated. Beginning with the Treasury Bulletin of March 1961 the
-
1
*
lj
2/
6/
2/
8/
2/
10/
*
n.a.
Unclassified
10/
Total
Series E
and H
42,004
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
33,189
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
8,815
139
43,899
34’
,116
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
9,941
175
125
131
-218
213
-52
-76
107
44
13
144
-7
26
228
-431
-83
-24
123
417
-145
-17
-
-
_
_
.
_
—
_
_
_
_
-
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
-17
340
215
317
293
331
272
303
4£6
334
350
284
425
340
215
317
293
331
272
303
466
334
350
284
425
Other
140
118
104
79
25
6
_
_
-
111
2
_
_
_
_
_
-
_
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
_
_
-
6
-
_
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 shewn have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-»l/4#
marketable bonds of 1978-83.
Includes exchanges of Series 1945 F and G bonds for 4-3/4# marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4# marketable bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8# marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8#
marketable bonds of 1971 and 4# marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
Not available.
Treasury Bulletin
76
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May 1, 1967
through June 30, 1970.
demption and information’on investment yields of savings
The notes were eligible for purchase
notes appear in
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
Fiscal years:
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
ZQ - ..............
1977..............
foliar y$b?§:
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
1977............
Months:
1976-Dec..........
1977-jan..........
Feb..........
Mar....... .
Apr..........
May..........
June.........
July..........
Sales %f
1
201
326
323
11
*
*
*
2
-2
*
80
277
343
160
-3
*
*
*
*
*
_
-
-
Sept.........
-
Nov....... .
Dec...........
-
-
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
*
12
25
33
28
29
35
31
24
6
23
1
201
338
347
44
28
29
35
33
22
6
23
*
*
35
111
167
85
69
77
75
45
11
36
*
*
34
105
157
77
58
62
58
32
8
24
_
*
1
6
10
8
11
14
17
13
5
18
31
31
28
29
39
25
24
23
80
281
366
191
27
28
29
39
25
24
23
*
7
76
154
124
71
74
82
53
42
35
*
7
72
145
116
62
60
66
40
29
23
12
203
505
742
619
561
519
477
435
413
407
394
*
3
8
9
9
13
16
14
13
12
80
354
644
682
584
540
496
453
424
406
393
3
2
2
5
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
4
3
3
4
4
2
3
4
2
3
2
1
3
2
2
2
3
1
2
3
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
Source: Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
1/
Amount
outstanding
406
406
404
402
401
400
397
397
396
394
394
393
393
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
Less than $500,000.
Revised.
*
r
77
January 1978
nWNRBSHIP OF FEDERAL SP.niTRTTTF.S
Table 0FS4. - Distribution of Federal Securities by Classes of Investors and Types of Issues
Total
Federal
securities
outstanding
End of
fiscal year
or mouth
1976-Mar...........................
Feb...........................
Mar...........................
July..........................
Nov....................... .
(In millions of dollars)
Interest-bearing public debt securities
Held by U.S. Government accounts
Total
outstanding
Nonmarketable
Total
Marketable
Government
account series
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
611,451
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
139,067
16,007
16,974
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14,619
19,111
66,738
76,124
82,740
89,536
101,248
114,921
122,752
129,202
127,409
138,816
117,901
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
656,282
664,794
664,853
674,280
680,141
681,905
682,965
685,249
684,592
695,485
709,138
707,693
718,232
643,643
652,457
652,980
662,320
668,216
668,509
670,958
673,389
671,386
684,081
697,629
696,301
706,973
144,891
147,098
16,429
16,485
2,056
2,056
144,107
144,437
144,949
145,503
149,435
151,204
16,363
15,788
15,787
15,528
15,434
15,424
15,425
14,709
14,619
14,548
14,515
126,406
128,558
125,688
126,593
127,106
127,919
131,945
133,724
131,263
135,095
138,816
135,590
137,317
148,744
151,860
155,490
152,194
153,888
interest-bearing public debt securities - Con.
Held by private investors
End of
fiscal year
or month
1976-Mar...........................
1976-Nov........................... .
1977-Jan............................
Feb............................
Mar............................
May............................
July...........................
Nov........................
4
Other
2,056
2,056
2,056
2,056
2,056
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427 ,
104,7151/
89,753
91,660
96,970
94,134
95,837
95,987
99,837
97,394
102,239
98,646
98,436
104,715 1/
94,597
96,477
Agency securities
Matured
public
debt
and debt
bearing no
interest 2J
Total
outstanding
Total
Marketable
Nonmarketable
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
370,405
156,006
157,911
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
56,814
58,231
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
1,166
1,068
1,016
1,076
963
997
1,067
1,179
1,142
1,211
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
276,434
93,971
1,267
10,961
407,091
408,389
414,739
422,046
427,280
423,169
424,129
419,946
423,995
433,785
437,423
449,510
456,608
307,309
307,820
313,498
319,982
323,605
318,699
318,619
313,485
316,177
325,001
326,674
238,290
343,870
99,782
100,569
101,241
102,064
103,675
104,469
105,510
106,461
107,818
108,784
110,750
111,220
112,738
997
1,087
928
1,028
992
2,514
1,151
1,036
2,478
1,093
1,211
1,102
999
11,643
11,250
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976). Also, adjustments are made
to reflect certain Export-Import Bank borrowing transactions now
2,056
2,056
2,056
2,056
2,056
2,056
Public
issues
held by
Federal
Reserve
banks
2/
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,312
10,298
10,290
10,260
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,094
2,224
11,403
9,956
9,911
8,724
8,953
9,860
8,757
8,730
9,456
8,204
8,737
2,209
2,184
2,048
2,052
2,053
2,054
2,056
2,264
2,203
2,095
2,094
2,092
2,085
9,433
9,067
8,897
8,880
8,881
8,829
8,800
8,560
8,525
8,216
8,204
8,198
8,175
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
1/ Includes a nonmarketable Federal Reserve special certificate for $2,500.
g / Adjusted to exclude non-interest-bearing notes issued to the International Monetary Fund to reflect the unified budget concept.
2 / For detail, see Table FD-6.
78
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonbank investors
End of
month
1939-Dec..
1946-Feb..
Dec..,
1950-June.
Dec..
1951-June.
Dec..
1953-June.
Dec..
1953-June.
Dec..
1954-June.
Dec..
1955-June.
Dec..
1956-June.,
Dec..
1957-June.,
Dec..,
1958-June.,
Dec..
1959-June.
Dec..,
1960-June.,
Dec..,
1961-June.,
Dec..,
1962-June.,
Dec..,
1963-June.,
Dec..,
1964-June.,
Dec..,
1965-June.,
Dec..,
1966-June.,
Dec..,
1967-June.,
Dec..,
1968-June.,
Dec..,
1969-June.,
Dec..,
1970-June.,
Dec..,
1971-June.,
Dec..,
1972-June.,
Dec..,
1973-June.,
Dec..,
1974-June.,
Dec..,
1975-June.,
Dec..,
1976-Jan..,
Feb..
Mar..,
Apr..,
May..,
June.,
July.
Sept.,
Oct..,
Nov...
Dec..,
1977-Jan..
Feb..
Mar..,
Apr..,
Mfcy..
June.
JUly....
Aug...
Sept. «*,.
Oct..*..,
Nov. p.,
Commer
Total
cial
privately banks
held
2/
33.4
231.6
208.1
203.3
198.6
193.0
195.0
193.5
198.5
195.4
202.5
198.5
205.6
201.4
205.4
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
204.5
207.5
205.4
212.3
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
209.6
215.5
204.4
219.5
217.0
226.7
214.0
221.2
217.2
229.1
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
355.3
365.0
371.7
371.0
376.4
376.4
386.2
391.3
392.2
397.3
408.1
409.5
415.7
423.1
428.3
425.7
425.3
421.0
426.5
434.9
. 438.6
450.6
457.6
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.5
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.5
60.3
53.2
55.6
69.0
85.1
88.8
87.5
90.3
90.0
91.5
92.5
94.5
93.5
95.3
96.8
100.7
103.8
102.4
104.7
106.3
103.5
102.2
102.4
100.1
100.0
101.0
100.5
101.4
Individuals 2 /
Total
Total
20.7
137.9
133.6
137.7
136.7
134.7
133.5
132.4
135.1
136.6
138.9
134.9
136.5
137.9
143.4
139.5
140.9
137.4
137.7
131.9
136.2
142.8
150.4
,149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
266.6
277.5
281.3
280.1
284.9
283.8
291.7
297.8
296.9
300.4
307.4
305.7
313.3
318.4
322.0
322.2
323.1
318.6
326.4
334.9
337.6
350.1
356.2
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
Savings bonds
Series Other
E and H series 7/
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
87.1
91.4
91.7
93.9
94.5
94.7
95.9
96.4
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65.0
66.9
67.3
67.6
68.0
68.4
68.8
69.2
97.1
99.7
99.7
100.0
100.7
100.8
101.0
101.5
101.9
102.2
102.7
103.0
103.4
103.7
103.9
104.4
104.9
69.9
70.5
70.5
70.9
71.2
71.6
72.0
72.4
72.8
73.2
73.7
74.0
74.5
74.8
75.2
75.6
76.0
Source: Office of Government Financing in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
2 / Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
2 / Includes partnerships and personal trust accounts.
{J Exclusive of banks and insurance companies.
5/ Consists of the investments of foreign balances and international
Other
sfeeurities
Mutual
Insurance sav
companies ings
banks
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
.7
.6
.6
.6
.6
.5
.5
.5
.5
.4
.4
.4
.4
.4
.4
.4
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
21.6
24.0
24.0
25.8
26.0
25.8
26.6
26.8
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
7.1
9.5
10.2
10.2
10.4
10.5
10.5
10.6
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
26.8
28.8
28.8
28.8
29.0
28.8
28.6
28.7
28.7
28.6
28.6
28.6
28.4
28.5
28.3
28.4
28.5
11.3
11.9
11.7
12.3
12.6
12.5
12.4
12.7
12.6
12.6
12.9
14.2
14.1
14.1
14.5
14.7
15.3
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
Corpora
tions y
State
and
local
govern
ments
Foreign
and inter
national
1/
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
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
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
.2
2.4
1.9
2.2
3.0
2.9
3.0
3.4
4.0
4.4
4.6
4.6
4.8
5.2
5.9
6.2
6.7
6.5
6.9
5.9
6.9
8.1
9.9
10.1
10.5
10.1
10.9
11.3
12.0
12.6
12.6
12.0
13.1
12.2
13.0
11.6
10.8
11.4
12.9
10.7
12.5
10.3
10.4
14.0
19.8
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
3.5
4.5
4.7
5.0
5.3
5.3
5.5
5.4
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
13.2
20.2
20.6
22.6
22.3
23.3
25.5
24.3
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
34.8
35.9
36.8
36.9
37.0
39.3
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
68.3
69.6
68.1
70.2
71.0
69.8
5.5
5.6
5.7
5.6
5.7
5.7
5.7
5.9
6.2
6.2
6.1
6.0
6.0
6.0
6.1
6.0
6.0
26.8
27.6
25.3
24.5
37.4
38.2
38.7
40.5
41.5
41.6
44.8
43.3
44.4
48.4
49.1
47.6
47.8
52.7
53.5
54.5
55.6
72.8
74.6
74.6
75.2
76.0
78.1
24.0
26.5
28.5
29.8
27.7
27.4
25.8
23.8
23.5
24.5
23.9
23.8
23.4
80.3
82.3
84.7
86.1
86.0
87.9
90.2
91.9
95.5
101.3
106.7
Other
investors
6/
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
25.5
38.0
36.2
40.3
43.9
39.2
39.5
38.1
40.9
40.1
41.2
42.2
47.0
40.5
40.6
42.9
44.7
39.3
40.7
36.0
41.5
42.1
40.7
45.3
44.2
accounts in the United States. Holdings have been adjusted to exclude
issues to the International Monetary fund and other international
lending organizations to reflect the unified budget concept.
£/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
p Preliminary.
January 1978
T B B t f i i i p y SURVEY OF OWNERSHIP, NOVEMBER 30, 1977
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
...—-
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
The similar proportion for corporations
Holdings by commercial banks distributed according to
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent.
published for June 30 and December 31.
these institutions.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table TSO-l.-Summary of Federal Securities
(Far 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
Total
private
inves
tors
454,862
252,111
110,991
139,374
343,870
112,737
73,839
4,353
4,053
8,038
5,002
10,091
12,108
4,475
221,912
112,737
706,973
250,365
456,608
73,839
4,353
4,053
8,038
5,002
10,091
12,108
4,475
334,649
4,053
8,038
5,002
10,091
12,108
4,475
335,648
5,490
commer
cial
banks
2J
466
Insurance companies
mutual .
savings
439 fire,
banks
289
casualty,
life
2/
and
marine
State and local
486
governments
savings
440
and loan corpo
185
311
associa rations general
pension
tions
and
re
funds
tirement
funds
All
oiher
private
inves
tors 2J
MXic, <jebOft8M3s;,.
Interest-bearing nubile
Marketable.............
Nonmarketable l j .......
Total interest-bearing
public debt securities...
Matured debt and debt
......
Total public debt
Footnotes at end of Table TSO-5.
999
250,365
457,607
73,839
4,353
4,303
235
4,068
756
187
82
37
91
171
245
312
2,187
4,018
1,734
2,284
550
217
118
170
182
153
103
451
341
8,321
1,969
6,352
1,306
404
200
207
273
324
348
763
2,528
1,939
116
1,823
10,260
2,085
252,450
8,175
465,7^2
707,972
Government agency issues:
Regular issues..........
Participation.
certificates j>/.......
Total Government agency
securities covered in
Treasury Survey.......
Nonsurveyed Government
agency securities..... .
Total Government agency
securities &/..........
Total Federal securities...
999
999
718,232
80
Treasury Bulletin
.TREASURY SURVEY OP OWNERSHIP, NOVEMBER 30, 1977.
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Classification
Be taBs -ae.greAfcy:
Issued by U.S. Government:
Treasury bills............ .
Treasury notes................
Treasury bonds................
Total.......................
By Mtarfoy fligtelTrafttans
Call classes (due or first
becoming callable):
Within 1 year.......... ..... .
1 to 5 years............ .
5 to 10 years.................
10 to 15 years... ....... .
20 years and over........
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
156,656
251,104
47,102
454,862
37,303
55,077
18,671
15 to 20 years................
20 years and over... ..........
Total.......................
110,991
225,450
54,208
153,697
45,945
12,984
5,490
commer
cial
banks
2/
466
289 v
life
4,053
860
3,905
237
5,002
4,640 5,888
4,952 5,066
498 1,153
10,090 12,108
963
1,417
2,095
4,475
95,245
107,905
18,762
221,912
1,356
998
1,602
2,212
1,085
3,594
2,599
6,036 7,732
3,330 3,350
407
477
80
207
130
219
122
107
10,090 12,108
1,209
672
123,009
64,863
465
3,504
384
4,353
27,087
39,706
6,097
263
1,499
2,291
8,822
3,111
4,533
3,804
343
342
263
110,991
73,839
4,353
53,587
26,973
39,706
2,412
2,163
8,000
6,148
354
117
541
1,342
2,146
585
116
22
142
682
1,085
941
110,991
73,839
4,353
4,053
10,033
223,139
153,697
45,337
8,554
4,385
19,751
454,862
32,351
12,478
Held by
all
other
inves
tors 2/
853
6,135
1,050
8,038
10,176
61,704
1,959
73,839
10,915
32,351
State and local
governments
440
savings
439 fire,
185
and loan corpo 311
pension
casualty, associa rations
and
general
and re
tions
marine
funds
tirement
funds
486
mutual
savings
banks
2/
2,146
594
102
133
23
Total.......................
Maturity classes (final
maturity):
1 to § years.................
5 to 10 years.......... .
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstand
ing!/
732
732
20
295
454,862
4,053
749
127
469
2,248
270
146
177
8,038
1,535
3,594
2,221
314
64
309
8,038
132
35
14
10
5,002
2,182
2,599
148
38
18
18
5,002
6,010
3,330
427
47
823
21,488
3,514
4,632
4,406
4,475
221,912
7,587
3,350
7,093
672
567
240
64
800
490
122,147
64,863
87
189
299
10,090 12,108
785
428
557
73
1,346
4,475
21,022
3,794
1,650
8,437
221,912
Footnotes at end of Table TS0-5.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Issue
Treasury B ills:
Regular weekly and annual maturing:
Dec.
1977.
1978.
Jan.
Feb.
1978.
1978.
Mar.
1978.
Apr.
1978.
ifey
1978.
June
1978.
July
1978.
Aug.
1978.
Sept.
1978.
Oct.
1978.
Nov.
Total Treasury B ills .
^71/4%
Dec.
7-:. „ M e g ~
Jan.
6-3/8
6-1/4
8
6-3/4
6-1/2
7-1/8
7-1/8
7-7/8
6-7/8
6-7/8
7-5/8
8-3/4
6-5/8
6-1/4
5-7/8
1977-P.,
197&=J.,
Feb. 1978-A.,
Feb. 1978-G.,
Mar. 1978-K.,
Apr. 1978-L.,
May
1978-D.,
May
1978-M.,
May
1978-F.,
June 1978-N.,
July 1978-P.,
Aug. 1978-E.,
Aug. 1978-C.,
Aug. 1978-Q.,
Sept. 1978-R.,
Oct. 1978-S.,
Footnotes at end of Table TSO-5.
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,490
commer
cial
banks
2/
Held by investors covered in Treasury Survey
State and local
486
Insurance companies
savings 440
governments
466
and
loan
corpo
mutual
185
439
fir
e
,
associa
rations
289
savings
pension
311
casualty, tions
general
and
re
l if e
banks
and
funds tirement
2/
marine
funds
30,545
25,909
26,128
19,897
17,061
19,036
2,253
3,038
3,005
3,036
3,162
3,587
156,656
4*375
6,666
6,359
5,376
4,336
4,931
844
959
752
919
897
890
37,303
653
847
1,057
1,302
1,490
1,635
169
574
676
544
415
814
10,176
47
48
97
63
35
17
22
59
26
22
18
18
465
106
35
29
26
19
10
1
21
5
2,765
2,511
8,389
2,115
3,162
2,574
3,960
2,567
4,423
3,331
2,855
5,155
2,462
2,949
3,195
2,921
340
271
3,363
53
308
380
957
175
1,537
769
255
2,562
635
173
489
183
774
515
1,480
484
896
644
1,373
930
1,179
794
1,069
1,160
624
958
919
897
34
43
67
15
96
45
58
43
79
25
28
83
23
47
5
30
50
16
63
3
35
1
28
2
1
11
4
26
68
*
-
10
263
-
134
135
179
135
96
50
17
24
19
26*
10
29
853
97
87
97
69
88
104
42
109
90
33
26
17
860
907
719
806
514
692
530
12
44
158
65
105
29
4,640
1,149
975
1,164
571
773
606
55
131
189
95
82
98
5,888
480
278
182
11
5
5
11
14
85
14
22
26
54
19
30/
23
42
67
27
20
28
*
52
56
123
12
106
68
75
40
65
57
122
45
4
97
109
71
63
64
49
53
138
3
35
223
115
128
83
84
3
106
22
72
142
114
174
47
97
67
60
45
78
139
91
41
48
49
2
2
37
2
5
104
-
1
-
1
_
963
*
24
3
7
3
2
17
2
4
4
’
Held by
a ll
other
inves
tors 2/
22,598
16,117
16,100
11,830
9,526
11,148
1.091
1,116
1,095
1,331
1,601
1,692
95,245
1,343
1,401
2,961
1,420
1,429
1,338
1,290
1,087
1,305
1,392
1,163
1,085
1.092
1,470
m
January 1978
TREASURY SURVEY OF OWNERSHIP, NOVEMBER 30, 1977
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
.issue
Total
U.S. Governamount
outstand counts and
ing
Federal
Reserve
banks
Insurance companies
5,490
commer
cial
banks
2/
466
mutual
savings
banks
2/
289
life
439 fire,
casualty,
and
marine
State and local
irove-pninents
40O
savings
and loan
associa
tions
440
corpo 311
rations general
funds
185
pension
and re
tirement
funds
Held by
all
other
inves
tors 2 /
Treasury Notes - (Continued):
5-3/4#
Nov.
Nov.
6
Dec.
5-1/4
d-l/8
Dec.
5-7/8
Jan.
Feb.
7
5-7/8
Feb.
6
Mar.
5-7/8
Apr.
7-7/8
May
6-1/8
May
June
7-3/4
6-1/8
June
July
6-1/4
Aug
6-1/4
6-7/8
Aug.
6-5/8
Aug.
8-1/2
Sent.
6-5/8
Sept.
Oct.
7-1/4
Nov.
6-1/4
6-5/8
Nov.
Nov.
7
7-1/8
Nov.
Dec.
7-1/2
Feb.
6-1/2
Mar.
7-1/2
6-7/8
May
7-5/8
June
Aug.
6-3/4
Aug.
9
6-7/8
Sept.
7-1/8
Nov.
Dec.
5-7/8
Feb.
7
Feb.
7-3/8
6-7/8
Mar.
May
7-3/8
June
6-3/4
Aug.
7-5/8
Sept.
6-3/4
Nov.
7
Nov.
7-3/4
6-1/8
Feb.
7
May
May
8
8-1/8
Aug.
7-7/8
NOV.
7-1/8
Nov.
8
Feb.
7
Nov.
Feb.
7-1/4
Aug.
7-1/4
May
7-7/8
8
Aug.
7-5/8
Nov.
Exchange Series..
Treasury Bonds:
4-1/4
May
June
3-1/4
Feb.
4 ,
Nov.
3-1/2
Aug.
7
Feb.
6-3/?
Aug.
6-3/8
May
3-1/4
6-1/8
Nov.
Aug.
4-1/4
Feb.
4 ,
7-1/2
Aug.
May
4-1/8
Feb.
3-1/2
May
8-1/4
Aug.
7-1/4
Feb.
6-3/4
May
7
May
8-1/2
Feb.
3
7-7/8
Feb.
Aug.
8-3/8
Aug.
8
Nov.
May
7-5/8
Feb.
7-7/8
Nov.
1978-T.........
1978-B.........
1978-U.........
1978-H.........
1979-L.........
1979-H.........
1979-M.........
1979-N.........
1979-P.........
1979-D.........
1979-Q.........
1979-E.........
1979-R.........
1979-S.........
1979-A.........
1979-J.........
1979-T.........
1979-F.........
1979-tJ.........
1979-V.........
1979-K.........
1979-B.........
1979-C.........
1979-W.........
1979-G.........
1980-G.........
1980-C.........
1980-A.........
1980-D.........
1980-H.........
1980-B.........
1980-E.........
1980-J.........
1980-F.........
1981-A .........
1981-C.........
1981-H.........
1981-D.........
1981-J.........
1981-F.........
1981-K..... .
198L-G.........
1981-B.........
1982-D.........
1982-E.........
1982-A.........
1982-B.........
1982-C.........
1982-F.........
1983-A.........
1983-B.........
1984-A.........
1984-B.........
1986-A.........
1986-B.........
1987-A.........
1975-85....... .
1978-83........
1987-92........
1988-93........
1988-93........
1989-94........
1993-98........
1994-99........
1995-2000.... .
1995-2000.... .
1996-2001.......
2000-05........
2002-07........
2002-07........
2,9a
8,207
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
4,334
3,376
1,604
2,241
4,783
2,006
4,608
2,069
7,265
2,185
4,133
4,296
2,141
4,599
2,692
1,842
4,796
2,809
2,020
2,514
2,586
2,968
2,543
4,477
2,697
2,613
2,747
2,918
2,902
2,736
7,958
2,309
8,438
2,863
5,219
9,515
28
59
38
42
34
39
34
37
23
33
26
70
13
34
24
29
38
45
39
32
63
5
29
28
46
79
39
35
40
56
9
42
20
39
20
149
30
66
27
66
22
72
110
124
54
56
43
56
27
93
39
74
35
109
187
11
1
12
132
15
21
12
-
2,088
95
3,651
337
824
1,992
408
43
251,104
-
692
1,406
722
1,065
1,181
1,084
917
1,014
524
833
506
733
514
838
697
858
1,074
567
963
1,150
1,232
124
679
909
702
1,513
674
607
615
1,184
430
1,025
891
988
492
1,598
919
640
819
935
868
1,021
941
974
759
325
389
798
785
972
670
988
603
516
1,613
463
7
55,077
61,704
3,504
1,499
6,135
3,905
64
7
7
20
20
42
92
47
4
74
30
25
23
94
6
14
30
62
83
74
5
3
26
9
48
30
25
18
24
136
-
8
22
56
38
1
10
5
21
1
15
6
_
6
18
1
4
4
2
1
2
3
2
32
16
5
59
I84
25
10
7
6
23
4
5
26
47
21
11
5
5
2
84
18
7
13
*
7
3
46
270
163
326
15
20
15
80
9
107
46
11
33
471
36
136
21
17
13
16
95
24
25
121
9
159
7
—
244
3,591
431
189
103
1,724
214
590
118
538
239
115
265
106
1,788
855
230
222
255
243
242
1,142
447
290
107
1,516
167
5,564
277
546
2,680
138
707
38
557
928
50
175
57
196
101
54
1,849
30
14
1,442
1,092
708
-
97
123
2a
32
72
61
47
60
45
15
35
42
19
2
2
11
6
11
11
1
3
*
6
5
4
6
8
1
1
7
3
5
12
20
12
12
10
7
2
10
14
33
18
4
14
168
6
53
13
58
88
147
120
41
1
45
120
34
24
11
47
21
43
7
a
17
31
21
36
61
52
33
73
19
62
70
39
74
33
94
60
80
78
134
34
47
60
87
94
100
163
88
149
44
100
70
127
160
161
96
92
127
195
78
327
150
497
295
534
239
35
8
3?
*
1
7
2
3
6
-
1,052
1,259
2,499
1,755
807
2,702
2,353
768
1,216
2,920
185
1,914
1,089
2,882
1,247
1,504
627
692
2,414
570
2,771
2,265
1,575
2,068
2,221
4,249
1,494
47,102
18,671
1,959
384
2,291
1,050
454,862
110,991
73,839
4,353
4,053
8,038
395
227
929
619
408
1,055
1,399
179
884
1,128
53
1,318
456
893
345
47
209
328
1,603
128
528
976
761
714
1,295
1,545
250
51
90
67
40
429
124
25
58
63
2
39
11
67
40
184
57
92
45
7
W
20
2
141
127
50
40
72
16
26
29
126
6
19
19
52
58
26
25
72
46
9
18
34
149
38
47
no
28
86
17
52
80
32
161
92
7
*
8
12
11
29
3
2
4
42
1
106
24
252
32
54
53
76
107
74
11
51
40
59
58
12
133
306
14
110
295
32
56
122
149
10
105
12
16
13
38
26
16
74
65
20
159
79
22
29
42
55
81
8
27
57
26
18
10
92
88
11
90
14
50
103
16
14
4,952
111
197
104
67
163
25
136
123
70
68
106
35
75
227
49
113
59
30
168
99
113
24
17
38
64
30
3
25
72
46
9
18
34
149
38
47
110
34
97
20
25
45
37
69
35
13
53
29
64
35
34
48
24
54
73
23
*
1
15
2
3
3
17
4
8
1
3
4
9
_
1
4
7
15
31
*
10
*
4
1
4
37
9
1
11
8
7
16
*
12
1
15
15
18
5
4
21
41
32
10
11
24
65
77
23
67
26
68
11
135
187
178
_
5,066
1,417
69
76
137
102
5
32
77
19
35
55
1
6
15
117
12
55
12
13
18
30
65
81
1,156
563
746
268
211
579
333
1,668
973
600
1,101
740
1,683
882
18,762
221,912
21
237
3
22
81
25
*
15
23
4
3
5
1
7
31
15
16
10
15
6
12
33
15
13
35
*
7
86
14
498
1,153
77
39
23
26
1
8
1
10
*
101
3
18
18
57
105
227
24
15
113
10
180
126
90
4
127
539
154
2,095
5,002
L0,091
12,108
4,475
_
8
-
2
-
_
73
16
34
-
1,607
2,539
1,539
1,041
1,222
1,603
1,395
1,534
1,122
726
1,100
699
1,220
1,752
1,856
901
1,652
1,073
2,275
2,403
1,466
207
847
3,316
921
1,205
1,055
909
1,001
2,145
1,086
782
2,758
1,132
578
1,652
1,482
875
1,341
1,198
1,753
1,012
1,294
1,109
1,477
758
1,116
854'
1,651
4,224
1,241
2,960
1,455
2,846
4,959
1,213
12
107,905
365
497
908
485
331
1,033
669
397
196
1,328
65
496
488
Total Marketable Public Debt
Footnotes at end of Table TSO-5.
Treasury Bulletin
82
.TREASURY SURVEY OF OWNERSHIP, NOVEMBER 30, 1977
Table TSO-4. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
U.S. Govern
amount
outstand- ment ac
log 1 /
counts and
Federal
Reserve
banks
Issue
Export-Import Bank*
Debentures.....................
Issues to State & Local Govts. 7/....
Total.........................
Federal Housing Administration:
State and local
governments
Insurance companies
5,490
commer
cial
banks
2/
466
mutual
savings
banks
2/
22
10
400
439 fire,
casualty,
and
marine
savings
and loan
associa
tions
440
corpo
rations
20
13
58
170
10
5
23
63
170
289
life
1,500
91
658
1,893
16
106
79
737
32
4
24
585
107
40
19
10
*
8
3,768
1,718
471
207
114
160
250
37
11
16
9
2
1,825
-
47
130
43
8,321
1,969
1,306
404
200
185
pension
311
general and re
funds
tirement
funds
70
12
359
107
221
52
466
-
9
63
328
177
153
95
439
234
1
-
4
23
147
22
24
1
19
186
1,353
207
273
324
348
763
2,528
National Mortgage
Association:
U.S. Postal Service:
40
Held by
all
other
inves
tors 2 /
Tennessee Valley Authority:
Total Government Agency securities
Footnote® at end of TaK>p Tf50-5.
Table TSO-5. - Securities Issued by Government-Sponsored Agencies,
the District of Columbia and Farmers Home Administration
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstand
ing 1 /
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
gW«i.UU
Insurance companies
h yon
commer
cial
banks
2/
466
mutual
savings
banks
2/
289
life
486
439 fire, savings
casualty, and loan
associa
and
tions
wwn-fnft
440
corpo
rations
185
311
pension
general and re
funds
tirement
funds
Held by
all
other
inves
tors 2 /
Banks for Cooperatives; '
4,208
108
813
81
13
34
189
92
369
59
2,450
1,339
962
7
-
118
108
4
22
6
1
17
14
7
36
109
4
267
2
26
16
777
760
4,308
248
1,168
288
430
89
151
15
207
430
1,282
882
16,985
_
1,924
208
3,386
25
590
2
98
7
251
33
764
10
199
25
630
4
305
567
8,839
1,686
-
289
136
35
57
720
34
67
314
33
358
-
-
-
-
-
1,924
3,883
751
315
1,517
243
358
1,080
-
Total......................... 19,911
Federal Intermediate Credit Banks:
Debentures 8 / ................... 11,421
Federal Land Banks:
Bonds........................ . 19,118
Federal National Mortgage Association:
135
623
9,439
428
1,969
284
17
116
510
307
593
68
7,130
1,130
3,705
571
80
407
694
253
483
516
11,288
3,088
49
59
590
5,171
190
110
83
1,241
92
13
1,300
5
106
9
2
15
489
3
3
119
1,255
61
2
81
267
11
-
363
1,147
23
*
26
485
7
3
18
14,850
744
9
3,196
-
-
-
1,429
122
1,437
358
544
6,061
510
-
31,333
2,077
521
L5,621
20
-
1
4
1
3
-
-
2
8
92,620
7,041
17,826
3,434
1,503
4,544
1,371
5,078
2,261
\8, 755
Farm Credit Banks:
Farmers Home Administrationt
Federal Home Loan Banks:
Discount Notes..................
FHLMC Mtg. Backed Certificates &
Bonds 2/...................
Issues to State and Local
28,100
1,189
200
Issues to State and Local
Govts. 7/.....................
Total.........................
Iftstgigj^ of Columbia:
544
-
■*
-
Total Government Sponsored Agency
2 / Securities issued by the Treasury and Government agencies that are
dassified as debt under the unified budget concept. For debt
subject to limitation, see Table FD-9.
2J Includes trust departments.
2 / Included with »n other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reported in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
i j Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
804
£/ Includes Export-Import Bank and Government National Mortgage Association participation certificates.
6/ Includes matured securities outstanding on which interest has ceased.
2 / Direct placements (mortgage^acked bonds) with State and local governments with various interest rates and maturity dates.
8J Includes securities issued for use as collateral for short-term
borrowings.
2/ Obligation of the Federal Home Loan Mortgage Corporation. The capital
stock of the Federal Home Loan Mortgage Corporation is held by the
twelve Federal Home Loan Banks,
* Less than $500,000.
January 1978
____________________ MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER 30, 1977________________
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable secu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Securities
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
$2,304
2,308
2,303
2,305
2,302
2,307
2,202
2,302
2,302
2,207
2,311
2,205
2,096
26-week
26-week
13-week
$3,305
3,404
3,408
3,501
3,599
3,504
3,403
3,404
3,304
3,203
3,377
3,502
3,302
3,506
3,406
10 '(Vt/77
10/13/77
10/20/77
10/27/77
11/03/77
11/10/77
11/17/77
11/25/77
12/01/77
12/08/77
12/15/77
12/22/77
12/29/77
3,403
3,404
3,402
3,407
3,304
3,503
3,501
3,403
3,405
3,303
3,396
7/07/77
7/14/77
7/21/77
7/28/77
8/04/77
8/11/77
8/18/77
8/25/77
9/01/77
9/08/77
9/15/77
9/22/77
9/29/77
10/06/77
10/13/77
10/20/77
10/27/77
11/03/77
11/10/77
11/17/77
11/25/77
12/01/77
12/08/77
12/15/77
12/22/77
12/29/77
Amount
outstanding
(millions)
52-week
Bank discount
Issue date
Maturity
date
Bid
1/05/78
1/12/78
1/19/78
1/26/78
2/02/78
2/09/78
2/16/78
2/23/78
3/02/78
3/09/78
3/16/78
3/23/78
3/30/78
4/06/78
4/13/78
4/20/78
4/27/78
5/04/78
5/11/78
5/18/78
5/25/78
6/01/78
6/08/78
6/15/78
6/22/78
6/29/78
Change from
last month
5.77#
5.70
5.69
5.72
5.78
5.86
5.88
5.88
6.05
6.10
+.06$
-.04
-.09
-.10
-.17
$3,071
3,105
3,208
3,342
2,966
-.11
-.12
-.12
+.01
-.01
6.09
6.15
6.13
6.19
6.24
6.28
6.30
6.32
6.33
6.37
6.38
-.04
-.02
-.07
-.05
-.03
-.01
.00
-.01
-.01
+.01
+.01
+.05
_
2,454
2,253
3,038
3,005
3,036
3,162
3,587
3,838
6.42
6.43
6.43
6.45
6.44
Bank discount
Issue
date
52-week
1/11/77
2/08/77
3/08/77
4/05/77
5/03/77
5/31/78
6/28/77
7/26/77
8/26/77
9/20/77
10/18/77
11/15/77
12/13/77
Maturity
date
1 '10/78
2/07/78
3/07/78
4/04/78
5/02/78
5/30/78
6/27/78
7/25/78
8/22/78
9/19/78
10/17/78
11/14/78
12/12/78
Bid
Change from
last month
5.91$
5.92
6.12
6.20
6.32
6.40
6.42
6.49
6.52
6.54
6.56
6.58
6.53
+.19$
-.07
+.01
-.05
+.01
+.03
+.02
+.05
+.05
+.05
+.07
+.09
Special Issue
Dams: axscounx
Amount outstsnding
(Millions)
date
Mf
.nr
hj
*f
\r
i
Wl
»+vU
X*i
X*v
date
$3,004
12/02/77
4/20/78
Monthly
Change
Bid
_
6.28$
-.01$
Table MQ-2. - Treasury Notes
Price
Amount
outstanding
(millions)
$2,511
8,389
2,115
3,162
2,574
3,960
4,423
2,567
3,331
2,855
5,155
2,462
2,949
3,195
2,921
8,207
2,941
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
2,308
1,782
3,180
4,559
2,989
3,431
3,861
2,081
4,334
3,376
1,604
2,241
4,791
2,006
Description
6-3/8$
6-I/4
8
6-3/4
6-1/2
7-1/8
7-7/8
7-1/8
6-7/8
6-7/8
7-5/8
3-3/4
6-5/8
6-I/4
5-7/8
6
5-3/4
5-1/4
8-1/8
5-7/8
7
5-7/8
6
5-7/8
7-7/8
6—1/8
6-1/8
7-3/4
6-1/4
6-1/4
6-7/8
6-5/8
6-5/8
8-1/2
7-1/4
6-I/4
6-5/8
7
7-1/8
7-1/2
_
-
-
_
-
-
1/31/78-J
2/15/78-A
2/28/78-G
3/31/78-K
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-E
8/15/78-C
8/31/78-Q
9/30/78-R
10/31/78-S
11/15/78-B
11/30/78-T
12/31/78-U
12/31/78-H
1/31/79-L
2/15/79-H
2/28/79-M
3/31/79-N
4/30/79-P
5/15/79-D
5/31/79-Q
6/30/79-R
6/30/79-E
7/31/79-S
8/15/79-A
8/15/79-J
8/31/79-T
9/30/79-U
9/30/79-F
10/31/79-V
11/15/79-K
11/15/79-B
11/15/79-C
11/30/79-W
12/31/79-G
Bid
(Price decimals are 32ds)
Yield
Change
from last
month
99.31
99.29
100.06
100.00
99.30
+.01
.00
-.05
.00
.00
100.03
100.12
100.03
100.01
100.00
-.03
-.04
-.03
-.01
-.01
100.14
101.03
99.26
99.15
99.03
99.05
98.29
98.11
101.01
98.25
99.30
98.22
98.23
98.17
101.02
98.25
98.23
100.30
98.20
98.19
99.18
99.04
99.02
102.02
100.03
98.11
99.07
99.23
99.27
100.16
-.03
-.07
-.01
-.02
-.01
-.03
-.03
-.01
-.08
-.03
-.06
-.02
-.04
-.03
-.08
-.03
-.03
-.08
-.06
-.04
-.05
-.04
-.05
-.12
-.05
-.07
-.02
-.07
-.06
-.08
To
maturity
6.61$
6.89
6.59
6.63
6.62
6.80
6.75
6.84
6.81
6.88
6.89
6.91
6.92
7.00
7.02
7.02
7.01
7.01
7.03
7.07
7.06
7.08
7.10
7.06
7.05
7.05
7.04
7.08
7.19
7.19
7.17
7.19
7.21
7.22
7.19
7.21
7.08
7.16
7.21
7.23
Price range since first traded 1/
Change
from last
month
Issue
date
-.01$
+.30
+.14
-.04
.00
+.12
+.03
+.11
+.05
+.05
+.05
+.09
+.08
+.16
+.14
+.20
+.21
+.18
+.15
+.18
+.17
+.14
+.18
+.15
+.14
+.12
+.11
+.14
+.17
+.13
+.12
+.10
+.12
+.16
+.08
+.16
+.06
+.13
+.10
+.12
2/02/76
2/15/71
10/07/75
3/31/76
5/17/76
2/18/75
8/15/75
6/01/76
6/30/76
7/21/76
5/15/75
5/15/74
8/31/76
9/30/76
11/01/76
11/15/71
11/30/76
12/31/76
10/22/75
2/03/77
2/17/76
2/28/77
3/31/77
5/02/77
11/06/74
5/31/77
6/30/77
7/09/75
8/01/77
8/15/72
8/16/76
8/31/77
9/30/77
9/04/75
10/31/77
11/15/76
2/15/73
11/15/73
11/30/77
1/06/76
High
Low
Price
Date
Price
Date
101.16
106.20
103.15
102.05
101.30
102.22
103.25
102.26
102.17
102.18
12/07/76
3/22/71
12/03/76
12/03/76
12/03/76
12/03/76
12/03/76
12/03/76
12/03/76
12/03/76
12/03/76
2/05/75
12/03/76
12/10/76
12/10/76
12/03/76
12/10/76
12/27/76
12/03/76
4/14/77
12/02/76
4/14/77
4/14/77
4/20/77
12/02/76
6/28/77
6/28/77
12/03/76
7/26/77
12/10/76
12/10/76
9/06/77
9/29/77
12/02/76
11/29/77
12/10/76
12/10/76
12/10/76
11/30/77
12/02/76
98.20
92.06
99.12
99.00
98.17
96.27
98.16
99.18
99.22
99.28
97.26
99.24
99.19
99.07
98.25
90.10
98.17
97.27
100.07
98.13
98.23
98.10
98.13
98.03
98.04
98.13
98.11
97.16
98.15
90.04
5/27/76
8/23/74
9/30/75
5/27/76
5/27/76
9/16/75
9/16/75
5/27/76
6/28/76
10/21/77
9/16/75
8/23/74
10/18/77
10/17/77
10/18/77
103.24
106.10
102.06
101.20
101.01
101.08
100.28
99.27
105.08
100.09
103.09
100.11
100.18
99.28
105.10
100.06
100.04
105.08
99.30
101.23
103.09
100.07
99.22
107.18
100.09
101.28
102.26
103.22
100.01
105.04
99.14
98.30
98.30
90.23
100.01
98.03
91.02
92.16
99.26
99.14
8/23/74
10/19/77
10/18/77
10/15/75
10/18/77
3/04/76
10/18/77
10/18/77
10/18/77
9/15/75
10/18/77
10/17/77
9/15/75
10/18/77
8/23/74
11/03/77
11/01/77
11/01/77
9/16/75
12/29/77
10/21/77
8/23/74
8/23/74
12/29/77
5/27/76
Treasury Bulletin
84
.MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER 30, 1977.
Table MQ-2. - Treasury N otes— Continued
(Price decimals are 32ds)
Yield
Amount
outstanding
(millions)
$3,888
4,60S
2,069
7,265
2,185
4,133
4,296
2,141
4,599
2,692
1,842
4,796
2,809
2,020
2.514
2,586
2,968
2,543
4,477
3,452
2,697
2,613
2,737
2,902
7,958
2,309
8,438
2,863
5,219
9.515
2,387
15
3
2
1
2
3
*
14
1
1
Description
7-1/8#
6- 1/2
7-1/2
6-7/8
7-5/8
6-3/4
9
6-7/8
7-1/8
5-7/8
7
7-3/8
6-7/8
7-3/8
6-3/4
7-5/8
6-3/4
7
7-3/4
7-1/4
6- 1/8
12/31/79-X
2/15/80-G
2/31/80-C
5/15/80-A
6/30/80-D
8/15/80-H
8/15/80-B
9/30/80-E
11/15/80-J
12/31/SOl.F
2/15/81-A
2/15/81-C
3/31/81-H
5/15/81-D
6/30/81-J
8/15/81-F
9/30/81-K
11/15/81-G
11/15/81-B
12/31/81-L
2/15/82-D
7
8
8- 1/8
7-1/8
7-7/8
8
7
7-1/4
7-1/4
7-7/8
8
7-5/8
1-1/2#
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
| » : !
8/15/82-B
11/15/82-F
11/15/82-C
2/15/83-A
11/15/83-B
2/15/84-A
8/15/84-B
5/15/86-A
8/15/86-B
n/15/87-A
4/1/78-EA
10/1/78-E0
4/1/79-EA
10/3/79-E0
4/1/80-EA
10/1/80-E0
4/1/81-EA
10/1/81-E0
4/1/82-EA
lQ/l/82-BQ
Change
from last
month
Bid
$99.24
98.18
100.19
99.08
100.22
98.20
To
matiarity
7.26#
7.24
7.21
7.23
7.32
-%
-.04
-.05
-.05
-.12
•.11
104.02
7.34
7.27
7.35
7.36
7.34
7.42
7.43
7.44
7.45
7.46
-.16
-.12
•.11
98.27
99.13
96.04
98.27
99.27
98.13
99.25
97.27
•.09
•.17
•.16
•.17
.18
-.17
.22
100.13
97.22
7.49
7.47
7.49
7.49
7.45
7.52
.19
.18
.19
98.12
100.28
99.10
95.04
am
102.04
-1.00
-.26
-.27
-.30
98.08
101.06
101.22
97.14
98.03
98.02
100.21
101.18
98.31
97.26
95.00
92.18
90.10
88.04
85.30
83.24
-
7.57
7.56
7.58
7.60
7.55
7.65
7.63
7.77
7.75
7.78
10.74
8.58
1 .02
1 .02
1 .02
-1.17
-1.18
-1.17
+.08
+.08
+.02
7.89
7.53
7.34
7.24
7.21
7.18
7.15
7.14
+.04
+.04
+.06
+.04
81.20
+.02
+.02
79.20
77.20
+.02
Table
MQ-3.
Price range since first trade 3/
Change
from last
month
Issue
date
-#
+.09
+.06
+.09
+.15
+.16
+.15
+.17
+.14
+.14
1/03/78
2/15/77
3/17/76
5/15/73
6/10/76
8/15/77
8/15/74
8/31/76
11/15/77
11/30/76
+.20
2/15/74
2/18/75
3/08/77
1/26/76
6/03/77
7/09/76
9/30/77
10/12/76
11/15/74
12/07/77
1/06/77
3/29/77
5/15/75
8/15/75
10/17/77
+.18
+.20
+.19
+.19
+.21
+.20
+.18
+.17
+.21
+.22
+.20
+.24
+.21
+.20
+.22
+.23
+.23
+.21
+.25
+.25
+.23
+1.76
+.45
+.38
+.22
+.17
+.10
+.11
+.11
+.10
+.08
- Treasury
11/17/75
2/17/76
11/15/76
2/15/77
8/15/77
5/17/76
8/15/76
11/15/77
4/1/73
10/1/73
4/1/74
10/1/74
4/1/75
10/1/75
4/1/76
10/1/76
4/V77
10/1/77
Low
High
Price
Date
Price
Date
$99.25
101.12
105.04
103.12
105.23
100.07
110.06
103.19
99.29
100.11
103.28
105.08
101.28
105.08
100.30
106.10
99.25
12/23/77
4/04/77
12/02/76
12/10/76
12/02/76
9.06/77
12/10/76
12/02/76
11/15/77
12/03/76
11/26/76
12/02/76
4/14/77
12/12/76
6/28/77
12/02/76
9/06/77
11/26/76
12/02/76
12/01/77
12/31/76
4/14/77
12/03/76
12/10/76
10/06/77
12/03/76
12/03/76
12/10/76
6/28/77
9/06/77
12/30/76
12/30/76
12/21/77
12/30/77
12/30/77
12/30/77
12/30/77
12/30/77
12/30/77
12/30/77
7/31/77
12/30/77
12/30/77
$99.2?
98.10
99.11
91.16
100.05
98.18
100.21
98.22
99.10
95.30
1?/?q /77
10/21/77
5/27/76
8/23/74
6/06/76
12/29/77
8/23/74
12/22/77
12/29/77
10/21/77
91.14
95.06
98.10
98.11
97.24
100.00
97.18
98.08
8/23/74
9/01/75
12/29/77
5/27/76
12/29/77
7/01/76
12/29/77
12/29/77
9/16/75
12/29/77
12/29/77
12/29/77
9/16/75
9/15/75
12/29/77
104.10
106.30
99.24
99.30
101.25
108.04
108.20
99.15
107.20
108.08
104.04
101.30
101.00
107.20
108.20
99.10
97.26
95.00
92.18
90.10
88.04
85.30
83.24
82.26
79.20
77.20
96.12
99.06
95.00
98.00
97.01
97.20
98.06
98.12
100.15
97.11
97.27
97.26
99.06
101.01
98.23
79.16
77.20
75.12
73.04
74.10
72.00
74.16
76.20
78.00
77.12
12/10/75
5/27/76
12/29/77
12/29/77
12/29/77
5/21/76
8/05/76
12/29/77
9/30/74
9/30/74
9/30/74
10/31/74
4/30/75
10/1/75
5/28/76
10/1/76
3/31/77
10/31/77
Bonds
(Price decimals are 32d’s)
Price
Amount
out
standing
(millions)
1,755
807
2,702
1,255
2,353
764
1,051
1,216
2,870
1,247
2,912
1,504
185
627
1,500
1,914
1,086
562
692
2,055
2,414
2,771
2,265
1,575
2,221
4,249
1,495
Description
"42
3 - 1/2
7
6-3/8
*-1/4
6-3/8
3-1/4
4-1/4
6-1/8
3-1/2
8-1/4
4-1/4
7-1/4
4
6-3/4
7-7/8
7-1/2
4-1/8
3
7
3-1/2
8-1/2
7-7/8
8-3/8
7-7/8
2/15/80
11/15/80
8/15/81
2/15/82
6/15/78-83
8/15/84
5/15/85
5/15/75-85
11/15/86
2/15/90 2/
5/15/90 2/
8/15/87-92
8/15/92 2/
2/15/88-93 2/
2/15/93 2/
2/15/93 2/
8/15/88-93 2/
5/15/89-94 2/
2/15/95 2/
5/15/93-98 2/
11/15/98 2/
5/15/94-99 2/
2/15/95-00 2/
8/15/95-00 2/
8/15/96-01 2/
5/15/00-05 3/
2/L5/02-07 2/
11/15/02-07 2/
93.28
91.05
98.12
95.24
82.14
93.14
78.02
82.14
91.16
76.02
102.22
77.04
94.18
77.18
92.04
99.22
97.24
76.22
76.00
93.10
76.02
104.04
98.14
102.26
99.16
101.29
95.18
98.07
Price range since first traded 1/
Change
from
last
month
To first
call or
matiarity
2/
-.04
7.17#
6.96
7.52
7.60
7.20
7.66
7.13
7.38
7.45
6.36
7.91
6.73
7.88
6.33
7.64
7.91
7.75
6.45
5.12
7.65
+.01
-1.01
-.26
-.16
-.30
-.28
-.12
-.22
-1.06
-2.18
-1.12
-2.06
-1.24
-1.20
-1.10
-1.22
-1.12
-1.02
-1.10
-2.14
-2.12
-2.16
-2.08
-2.17
-
2 .11
-2.08
5.43
8.04
8.03
8.07
8.05
8.06
8.02
8.03
Beginning April 1953, prices are closing bid quotations in the overthe-covinter 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 axe the latest dates.
Change
from
last
month
+.19#
+.09
+.33
+.26
+.18
+.20
+.22
+.10
+.12
+.18
+.32
+.18
+.26
+.22
+.20
+.15
+.20
+.15
+.11
+.13
+.25
+.23
+.25
+.21
+.23
+.21
+.20
High
Issue
date
Price
1/23/59
10/03/60
8/15/71
2/15/72
5/01/53
8/15/72
6/03/58
4/15/60
11/15/71
2/14/58
4/07/75
8/15/62
7/08/77
1/17/63
1/10/73
1/06/78
8/15/73
4/18/63
2/15/55
5/15/73
10/03/60
5/15/74
2/18/75
8/15/75
8/16/76
5/15/75
2/15/77
11/15/77
103.18
97.24
110.02
101.14
111.28
100.10
101.04
105.28
100.20
106.26
111.05
104.10
99.10
100.11
99.22
99.22
104.14
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
100.28
100.23
Date
5/12/61
5/12/61
11/15/71
3/09/72
8/04/54
12/03/76
5/11/58
5/05/61
11/05/71
4/21/58
12/31/76
12/26/62
6/29/77
1/16/63
1/04/73
12/30/77
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
12/31/76
12/31/76
6/28/'
11/23/77
Price
71.04
66.24
93.16
86.16
62.02
87.12
61.08
66.30
85.04
59.20
97.00
63.00
94.08
62.18
82.18
99.10
89.16
61.26
59.20
84.04
59.20
97.02
91.22
96.04
99.06
95.00
95.08
97.28'
Date
12/29/69
5/24/70
9/18/74
8/28/74
5/26/70
8/27/74
5/26/70
5/26/70
9/29/74
5/26/70
9/12/75
5/26/70
12/29/77
5/26/70
8/26/74
12/29/77
8/26/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
9A6/75
9A6/75
12/29/77
9/15/75
12/29/77
12/29/77
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."
Y IE L D S O F T R E A S U R Y S E C U R IT I E S D E C E M B E R 3 0 , 1 9 7 7
B a s e d o n closing bid q u o t a t i o n s
&
1988
K-4
VO
PERCE
00
as
►3
JO
a
0
1GQ
§
i
i
iCENT
GO
W
A
-8.0
6.0
▲
a
Mi
-
6.0
3
▲
7.5
M
CD
>
5.5
-
5.5
G
m
o
H
S
7.0
•
-
5.0
4.5
4.0
LEGEND
66
x Fixed coupon issues.
■ High coupon issues - 7 % and higher fixed maturity issues.
• Callable issues. A High coupon callable issues - plotted __ 6.0
to earliest call date w h e n prices are above par and
to maturity date wh e n prices are at par or below.
* V /2% exchange notes.
+ Bills - coupon equivalent of 3mo., 6 mo., and lyr. bills.
’86
K
’90
1979
1980
1981
1982
1983
’92
1984
w
»
CO
•
©
5 .12
IX
_L
1978
5.0
•
•94
-
5.4^3
>
i
’96
1985
i
’98
1986
2000
’02
1987
’04
4.5
s
’06
1988
Note: The curve is fitted by eye and based only on the most actively traded issues. Market yields on coupon issues due in less than 3 months are excluded.
4.0
0°
Vi!
86
Treasury Bulletin
____________________________ AVERAGE YIELDS OP LONG -TERM BONDS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Treasury
bonds 1/
Period
S. I. A.
Aa new
corporate new Aa
municipal
bonds 2/
bonds 2/
S. I. A. |
new Aa
1 Treasury
municipal | bonds 1/
bonds 2 / 1
Monthly series - averages of daily or weekly
Treasury
bonds 1/
Period
1977
July X...
8 ...
15...
22...
29...
Aug. 5...
12...
19 ,,
26...
4.43
4,61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 5/
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 5/
5.97
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
6.57
6.57
6.80
6.79
4.10
4.25
4.35
4.23
4.37
4.47
4.45
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5 .6 6
7.28
7 .0 0
7.02
6.91
6.54
6.69
6 .8 8
7 .0 0
Treasury
bonds 1/
Aa new
corporate
bonds 2/
6.91
6.96
6.96
6.99
7.01
8.08
8.10
8.11
8.13
8.15
7.04 ,
7.07 2 /
7.02
6.95
8.02
8.03
m
S. I. A.
Aa new
new Aa
corporate
bonds 2/ municipal
bands 2/
series
4 .2 0
4.30
4.30
4.50
4.63
S. I. A.
new Aa
municipal
bonds .2/
n.a.
5.30
5.25
5.37
5.33
5.50
5.33
5.45
n.a.
5 .6 2
Period
1977
Sept. 2....
9....
16....
23....
30....
Oct. 7....
14....
21....
28....
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
9.09
9.08
9.00
9.14
8.97
8.13
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
Treasury
bonds 1/
Treasury
bonds 1/
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
5.62
5.67
5.66
5.74
5.64
5.59
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.96 U
6.14
6.20
6.11
6.25
6.32
5.59 U
5.59
5.70
5.69
5.51
5.63
6.53
6.85 4/
6.41
6.25
6.30
6.35
5 .2 0
6.56
6.54
6.81
7.04
7.09 U
7,02
7.18
7.33 2/
7.30
7.22
6.93
6.77
5.40
5 .1 0
5 .0 0
5.11
5.80
5.89
5.96
5.62
5 .2 0
4.87
4.92
5 .0 2
Aa new
corporate
bonds 2/
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
6.68 i j
6.66
6.77 y
7.05
7.01
6.86
2252.
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
1974
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
6.93
6.92
6.88
6.73
7.01
6.92
S. I. A.
new Aa
municipal
bonds 2/
6.89
7.11 y
7.28
7.29
7.21
7.17
6.85
6.82 y
6.70
6.65
6.62 5/
6.38
9.17
8.84
9.48
9.81
9.76
9.27
9.56
9.71
9.89
9.54
9.48
9.59
1976
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.791
6.67
6.62
8.97
8.71
8.73
8.68
9.00
8.90
8.76
8.59
8.37
8.25
8.17
7.90
6.32
6.17
6.34
5.97
6.38
6.39
6.36
6.01
5.87
5.91
5.97
5.41
1977
8.32
5.19
5.25
5.42
5.61
5.89
5.92
8 .2 1
8.60
9.04
9.39
9.59
10.18
9 .2 2
6.75
6.55
6.64
6.33
6.33
9.47
6 .8 6
10.30
10.44
10.29
S. I. A.
new Aa
municipal
bonds 2 /
Aa new
corporate
bonds 2/
1975
1972
1969
1966
June..........
Aa new
corporate
bonds 2j
Period
6 .6 8
7 .1 6 4 /
7.20
7.13
7.17
6.99 y
7.96
8.18
8.33
8.30
8.38
8.08
6 .9 8
8 .1 2
7.01 1/
6.94
7.08
8.06
8 .1 1
8 .2 1
7.24 y
8.26
8.39
5*52
5.41
5.59
5.33
5.36
5.32
5.33
5.39
5.15
5.28
5.14
5.21
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2 /
8.36
8.29
8.21
8.20
5.24
5.13
5.13
5.00
1277
6.90
6.90
6.94
6.95
6.97
7.01
7.09
7.11
7.12
1/ Treasury bond yields are based on a composite of closing bid quotations
in the over-the-counter foaoket. Series includes bonds on which the
interest income is subject to normal tax and surtax which are neither
due nor callable before 10 years. For bonds currently in series, see
Table MQ-3.
_
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protec
8.04
8.04
8.08
8.14
8.17
8.18
8.19
8.20
8.28
5.45
5.08
5.49
5.03
5.19
11, ,
18
7.17 4/
7.19
7.15
7.13
5.35
5.21
9...
16,. ,
23...
30...
7.21
7.26
■ 7.36 y
8 #
8.36
8.40
8.49
l-M
5.20
5.20
n.a.
tion. The value of 5 years call protection in that period ranged from
10 to 25 basis points.
2 / Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
4/ One or more new iQHgrterm bonds added to the average.
5/ An existing bond dropped from the average,
n.a. Not available.
A V E R A G E Y IE L D S O F L O N G - T E R M T R E A S U R Y , C O R P O R A T E , A N D M U N IC IP A L B O N D S
PERCENT
PERCENT
&
Q
10. 0
1 0 .0
00
9.0
>
<
8.0
w
>
o
H
tr1
d
7.0
go
o
m
r
o
2
6.0
9
'H
S3
S3
2
w
o
5.0
a;
a
w
4.0
3.0
1967
1968
1969
1970
1971
1972
1973
1974
1975
* C h a n g e in A a computation m e t h o d effective J u n e 1973. S e e footnote following table AY-1.
1976
1977
Oo
^1
88
Treasury Bulletin
.EXCHANGE STABILIZATION FUND.
Table ESF-1. - Balance as of September 30, 1976 and September 30, 1977
Assets, Liabilities, and Capital
October 1, 1976
through
Sept. 30, 1977p
September 30, 1976
Sept. 30, 1977p
Assets
Cash:
Account of U.S. Treasury (includes Undeposited Col
lections)............. .................. .
Federal Reserve Bank of New York, special account.,
Total cash................................ !
$637,468.42
32,430,734.68
$(72,041.73)
(948,327.67)
$33,068,203.10
Special drawing rights 2/....................... .
Gold.........................................
Foreign exchange due from foreign banks: 1/
Bank of England............................
Banco de Msxico............................
Banco de Portugal...........................
Investments in:
U.S. Government securities...................
Foreign securities..........................
Accounts receivable............................
Furniture and equipment (includes auto equip.
& leasehold improvements).......................
Less allowance for depreciation...............
776,406.86
284,875.57
Buildings............... .....................
Less allowance for depreciation...............
50,000.00
22,050.00
300,000,117.10
Net income (see Table ESF-2)........ ..............
2,489,275,252.25
62,723,122.68
(300,000,000.00)
117.10
1,529,336,673.89
520,228,416.64
2,049,565,090.53
42,633,860.40
47,125,367.71
491,531.29
111,648.04
86,731.10
27,950.00
1,800.00
4,491,507.31
24,916.94
(1,800.00)
888,054.90
371,606.67
516,448.23
50,000.00
23,850.00
26,150.00
100,000.00
$4,262,291,621.13
100,000.00
410,552,261.07
F
44,936,167.14
Special drawing rights certificates........... ....
Special drawing rights allocations................
Capital account......... .......................
Deduct subscription to International Monetary Fund,
$23,512,333.70
$(9,555,869.40)
132,641,966.90
62,723,122.68
2,356,633,285.35
Land...... ............. ,♦.......... ........ .
Total assets............. .....................
Liabilities and Capital
Accounts payable...............................
$565,426.69
22,946,907.01
2,000,000,000.00
1,800,000,000.00
(1,030,125.44)
800,000,000.00
400,000,000.00
2,654,344,415.18
14,787,399.65
2,669,131,814.83
2,000,000,000.00
1,800,000,000.00
200,000,000.00
563,011,038.81
$4.672.843.882.20
43,906,941.70
1,200,000,000.00
(3,205,013.14)
200,000,000.00
559.806.025.67
Total liabilities and capital,...... .............
Note:
Annual balance sheets for fiscal years 1934 through 1940 appear
in the 1940 Annual Report 6f the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with December 31, 1938 have been published in the Treasury
Bulletin.
2/ Excludes foreign exchange transactions for future and spot delivery.
2 / Beginning July 1974, the IMF adopted a technique for valuing the SDR
p
based on a weighted average of exchange rates for the currencies of 16
member countries. The Waited States SDR holdings and allocations are
valued on this basis beginning July 1974.
Preliminary.
89
January 1978
.EXCHANGE STABILIZATION FUND.
Table ESF-2. - Income and Expense
Classification
January 31, 1934
through
September 30, 1976
October 1, 1976
through
Sept. 30, 1977p
January 31, 1934
through
Sept. 30, 1977p
Income:
Profits on transactions in;
Gold and exchange (including profits from
handling charges on gold)............
$242,007,923.77 DR
Sale of silver to U.S. Treasury.......... .
3,473,362.29
$75,203,472.43 DR
$317,211,396.20 Dr
3,473,362.29
Silver................................
102,735.27
102,735.27
Investments........................... .
1,325,207.14
1,325,207.14
Miscellaneous........................
242,320.65
1,934.85
244,255.50
91,136,588.22
1,005,274,495.62
Interest on:
Investments..... ................. ......
914,137,907.40
Special drawing rights... .............. .
107,384,908.63 DR
9,622,953.63 DR
117,007,862.26 DR
Foreign balances....................... .
183,192,901.92
8,988,162.98
192,181,064.90
Revaluation of SDR holdings and allocations l/.,
102,206,188.61 DR
102,206,188.61 DR
Adjustments for change for valuation of SDR 2/.,
58,597,752.02
Total income............................ .
$709,473,165.68
$13,955,578.33
$723,428,744.01
$117,057,660.58
1,344,681.66 DR
57,253,070.36
Expense:
Personnel compensation and benefits.
$104,582,798.15
$12,474,862.43
Travel... ....................
7,775,147.90
715,134.00
8,490,281.90
Transportation of things.........
4,581,370.13
53,498.98
4,634,869.11
Rent, communications, and utilities.
4,247,267.50
849,677.58
5,096,945.08
Supplies and materials...........
993,055.93
184,036.89
1,177,092.82
Other........................
24,282,487.26
2,658,292.18
26,940,779.44
Total........................
$146,462,126.87
16,935,502.06
163,397,628.93
225,089.41
225,089.41
Prior Year Expense..............
Net income... ............ ......
1/
2/
$563,011,038.81
Revaluations of SDR holdings and allocations arising from the Par
Value Modification Act, as amended.
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
3,205,013.14 DR
555,806,025.67
member countries. The United States SDR holdings and allocations are
valued on this basis beginning July 1974.
p Preliminary.
Treasury Bulletin
90
INTERNATIONAL FINANCIAL STATISTICS.
The tables Ln 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 1*inaneial position.
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held inth^
Special Drawing Account in the International Monetary Fund,
holdings, of convertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
Table IFS-6 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-1. - U.S. Reserve Assets
End of
calendar year
or month
Total
reserve
assets
(1)
1961..........................
1966..........................
1967..........................
1970..........................
i .,-Dec.......................
^'//7-Jan.......................
Feb.......................
Mar.......................
Apr.......................
June......................
July......................
Aug.......................
Sept......................
Oct.......................
Nov.......................
p<->p
. ••••••••••••
2/
1/
1/
y
i/
y
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964 1 /
14,487
12,167 8/
13,151 _2/
14,378 IQ/
15,883
16,226
18,747 11/
18,747 1JL/
19,087 11/
19,122 11/
19,120 11/
18,868 11/
19,195 n /
19,156 W
18,927 11/
19,055 11/
18,988 11/
19,048 11/
19,155 11/
19,317 11/
(In millions of dollars)
Gold stock 1/
Total 2/
(2)
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 y
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2 /
11,652 10/
11,652
11,599
11,598
11,598
11,658
11,658
11,658
11,658
11.658
11.658
11,658
11,658
11,658
11,658
11,658
11,719
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S, gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
Includes gold held by the Exchange Stabilization Fund (ESF). see
"Account 6f the U.S. Treasury," Table UST-3.
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and* Federal Reserve System.
The United states has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts Belated to the United States quota. See Table IFS-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve posi
tion.
Includes gain of $67 million resulting from revaluation of the Ger
man mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
Treasury
(3)
Special
drawing
rights 2 /
(4)
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 y
13,159
11,982
10,367
10,367
10,732
10,132
10,410 y
11,567 10/
11,652
11,599
11,598
11,598
11,658
11,650
11,636
11,636
11,629
11,620
_
851
1,100
1,958 2 /
2,166 10/
2,374
2,335
2,395 11/
2,395 11/
2,375 11/
2,383 11/
2,389 11/
2,384 11/
11,595
11,595
11.595
11.595
11,595
11,719
2,498 11/
2,483 11/
2/
2,548 11/
2,629 n /
Convertible
foreign
currencies i j
(5)
_
116
99
212
432
781
1,321
2,345
3,528
2,781 2/
629
276 £ /
241
8
5
80
Reserve
position in
International
Monetary Fund 5/
(6)
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 y
326
420
320
372
262
261
106
95
92
1,290
2,324
1,935
585
465 y
552 10/
1,852
2,212
4,434_u/
4^434 11 /
4,682 n /
4,819 11/
4,812 11/
4,720
4,972
4,920
55
55
65
18
16
18
4,716 11/
4,859 21/
4,776
4,842 &
4,933 11/
4,951 n /
320
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 July1974. 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
(net)
in the IMF
reserves
2,487
4,495
18,900
1976-Dec.
1977-Jan.
2,487
4,783
19,300
Feb.
2,487
4,904
19,311
Mar.
2,487
4,885
19,291
Apr.
2,475
4,779
19,018
19,349
May
2,565
5,031
June
2,572
19,286
4,964
July
2,572
4,738
19,023
Aug.
2,578
4,921
19,212
Sept.
2,581
4,831
19,135
Oct.
4,829
2,586
19,091
Nov.
2,597
4,906
19,177
Dec.
2,610
4,790
19,137
January 1978
91
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
End of
calendar
year or
month
(1)
1957.
1958.
1959.
15,825 2/
16,845 2/
19,428
1960 10/..
20,994
21,027
1961 10/..
22,853
22,936
24,268
24,268
1962 10/.,
1963 IQ/.,
1964 10/.,
196 5
.
1966 10/... ,
1967 10/... .
1968 10/... .
1969 10/... .
1970 2 0 / ... .
1971 20/ 12/.
197 2
197 3
1974 10/.
197 5
.
1976
!•\rK,_Nov..
Dec..
J977-Jan..
Feb..
Mar..
Apr..
May..
June.
July...,
Aug....
Sept..j
Oct. p.
Nov. p.
{
26,433
26,394
29,313
29;364
29,568
31,144
31,019
35,819
35,667
38,687
38,473
45,755 n /
45,914
47,009
46,960
67,681
67,808
82,861
, 92,490 %2/
119,255
_119,163
'126,552
151.357
144,808
151.357
147,495
148,850
151,668
156,381
160,951
163,543
168,799
166,319
174,658
178,942
184,519
(2 )
200
200
500
800
800
800
800
800
800
800
800
800
800
834
1,011
1,011
1.033
1.033
1,030
1,030
1.019
1.019
566
566
544
544
Total
(3)
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
ShorV
tepm
liabil ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes 2 /
(4)
Nonmarket
able U.S.
Treasury
bonds and
notes i j
( 6)
(5)
(7)
6/
(8)
3,472
3,520
4,678
4,818
4,818
200
14,459
12.467
12.467
14,425
15,790
15^786
13*220
13,066
15,825
14,84b
12,484
14,895
12,539
18,201
14,034
14,027
18,194
17,407
11,318
11,318
17,340
15,975 11/11,054
15,998
11,077
23,786
19.333
23,775
19.333
51,209
39,679
39,018
50,651
1,217
1,183
1.125
766
766
61,526
40,000
66,861 12/43,923
53,072
76,816
76,823' 53,079
80,712
'49,530
'53,619
91.976
49,409
«7,879
91.976
153,619
92,760
54,617
54,910
93,608
56,046
96,655
57,531
99,843
58,260
L02,113
L03,656
57,413
.07,601
60,059
56,810
LOS,134
.11,182
56,782
59,845
.17,064
.22,886
62,025
5,236
5,701
5.059
5.059
6,671
11.788
11,367
11.788
5,404
5,484
5.346
5.346
200
1.283
1.283
1.534
583
583
1.452
1.452
1.125
1,105
860
860
908
908
529
462
158
158
120
913
913
1.807
1.807
3;219
2.341
3,219
2.341
3.070 11/ 1.505
3.070
1.505
3.452
695
3.452
695
9,431
144
9.534
144
346
346
306
295
1.955
1.955
15,747
543
15,564 12/ 1,673
16,339
16;339
m
1.9.976
*,535
20,648
5.921
5,972
21,131
20,648
5.921
20,622
5,504
20',496
5,477
21,106
5,526
6,106
20.976
20,950
6,521
6,981
20,917
7,312
20,837
7,580
20,655
7,690
21,128
20,351
8,234
20,462
8,885
12,017
12,725
13,977
^5,230
16,382
18,345
19,393
23,089
25,582
28,634
31,514
Note: Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this .section and
in the ’’Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of tf.S. Federally-sponsored 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 organs
isiations.
1/ Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Internnational Monetary Fund to the United States to acquire income-earning
assets.
2/ Includes Bank for International Settlements and European Fund.
2 / Derived by applying reported transactions to benchmark data; break
down of transactions by type of holder estimated 1960-1963.
i j Excludes notes issued to foreign official nonreserve agencies.
2 / Includes long-term liabilities reported by banks in the United
States and debt securities of U.S. Government corporations,
Federally-sponsored agencies, and private corporations.
£/ 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."
Liquid
liabil
ities
to
banks
1/
876
890
890
10.940
10.940
11,997
11,963
751
751
12,948
12,914
Other
readily
market
able
liabil
ities
n.a.
n.a.
7,917
8,665
9,154
10,212
10,212
2/
Liquid
liabilities
to nonmone
tary in
Short
Market ternation
term
able U.S al and re
gional or
liabil Gov11.
ganizations
ities
reported and notes 8/
by banks 1 / 1 /
in U.S.
( 12 )
(9)
nm__ (ID
n.a.
n.a.
2,252
764
n.a.
n.a.
2,430
1,047
1,190
2,940
541
2,399
2,230
1,525
2,773
543
2,780
2,230
550
1,541
516
2,871
2,355
1.948
2,357
516
1.949
2,873
2,161
2.565
448
3.013
2.565
448
2,195
3.013
Liquid liabilities
to other foreigners
Official institutions 2/
Liquid
liabilities
to IMF
arising from
gold trans
actions l/
5.817
5.817
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14.472
14.472
3,397
3,387
3,730
3,753
4,059
4.271
4.272
4,685
4,678
3.046
3.046
5,053
4,909
23,638
23,645
17,137
17,169
10,262
10,949
4,464
4,589
4,676
4,604
4,138
4,141
4.444
4.444
3,939
4,064
4,029
4,039
14,666
17,694
30,314
30,106
29,516
37.329
35,416
37.329
5,043
5,932
33,384
33,116
32,816
34,748
35,521
36,687
39,946
35,789
40,392
38,755
38,078
8,803
8,912
10^701
1.3,569
1.3,282
L3,569
L3,432
L4,141
14,101
14,077
L4,626
L5,016
4,832
.5,240
.5,670
.5,727
.5,922
3,354
3,377
3,587
3.743
3.744
4,127
4,120
3,6?1
3,694
4,618
5,502
8,305
85414
10,000
12.592
12,312
12.592
12,435
13,120
13,008
12,873
13,39£
13,620
13,377
13,684
14,043
14,036
14,169
351
341
376
376
472
528
528
558
558
1,960
1,965
1.722
1.722
1,431
906
905
691
677
609
465
525
525
647
565
447
447
725
722
425
430
498
498
701
977
970
977
997
1,021
1,093
1,204
1,228
1,396
1,455
1,556
1,627
1,691
1,753
659
663
844
846
1,528
1,523
1,626
2,003
3.322
3.322
5,623
8.483
8,231
8.483
7,919
7,985
8,096
7,713
8,691
8,184
6,420
7,156
7,414
7,396
7,633
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
2/ Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
10/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
11/ Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969. >
12/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
ty $110 million to reflect market exchange rates as of December 31,
1971, as follows: U.S. Treasury certificates, $7 million; nonmarket
able U.S. Treasury bonds and notes, $103 million.
13/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury^notes, $147 million.
n-£u Not available.
p Preliminary.
8/
92
Treasury Bulletin
________________INTERNATIONAL FINANCIAL STATISTICS________________
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In millions of dollars)
Total
foreign
countries
End of
calendar year
or month
(1)
14,425
15,786
15,825
1966 y ..................
f
1968 1/..................
K 18,194
f 17,407
<
17,340
1969 2 / ..................
{
lP,99$ ^ /
1970 2 / ..................
1971 2 / 2 / ...............
1972....................
1974 2 / ..................
1976 ....................
ftgg
(
F
<
51,209
50,651
61,526
, 66,861 6/
/ 76,816
V 76,823
80,712
91,976
Western
Europe
Latin
American
Republics
Canada
1/
(2)
8,508
9,325
8,826
7.771
7.771
10,321
8,070
8,062
(3)
1,789
1,812
1,702
1.333
1.333
1,310
1,867
1,866
I ’M
(4)
1,058
1,283
1,550
1,310
i;3io
1,582
1,865
1,865
1,888
1*911
30,010
30,134
34,197
45,764 6 /
44,328
44,328
45,701
45,882
m
i'tii
3:88
4,279
3,853
3,662
3,662
3,132
3,406
1,733
2,544
4,419
4,419
4,448
4,906
4,142
4,906
Asia
m
92,760
93,608
96,655
99,843
102,113
103,656
107,601
108,134
111,182
117,064
122,886
45,954
46,13$
48,132
49,288
50,604
53,344
55,669
57,743
3,197
2,844
2,684
2,752
2,798
2,700
4,599
4,595
4,835
4,398’
4,672
4,240
2,653
2,557
2,508
1,863
1,919
4*338
4,246
4,466
4,269
4,843
41,163
40,437
40,330
42,697
45,214
IFederally-sponsored agencies > and private corporations.
291
2 HA
2*027
1,792
1977-Jan.................
Feb.................
33,914
34,108
35,193
36,109
37,394
39,486
40,342
39,835
1/ includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceania , Eastern Europe and We'stern European
dependencies in Latin America.
2 / Data on the two lines shewn for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
m
1,975
1,893
1,757
1,770
1,628
1,883
1,821
1,938
m
2,406
3,406
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 nonmarket
able U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Government corporations,
(7)
176
178
245
14,519
13,823
17,577
10,887
18,619
18,626
22,551
34,108
44*098
45,882
65,048
68,126
(6)
154
160
194
278
278
250
259
248
407
407
415
415
777
788
3,161
3,161
2,983
*,893
87,879
91,976
Obt. p............... .
Nov. p...............
Other
countries
2/
<5>
2,740
3,028
3,309
3,900
3^955
4,428
5,043
4,997
1976-no v .................
July................
Aug.
..............
Africa
2,460
248
303
303
302
ft
871
870
2,963
3,025
2,627
2,627
1,897
1,781
1,781
2,062
2,154
1,982
2,036
1,876
1,599
1,318
886
i>0331,160
992
coverage to those shown for the preceding date; figures an the second
line are comparable to those shewn for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
2 / Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions11 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.
j6/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
k/
January 1978
93
_______INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
End of
calendar
year of
month
1070.....................
|L976-Dec..................
1977-Jan..................
Feb..................
Mar..................
Apr...................
May..................
June.................
July.................
Sept.................
Oct................ .......
Nov..................... ..
Payable in dollars
Toxal
i
(1)
251
893
1,440
1,692
695
1,563
3,330
3,181 4/
1
3,563 I
9,657 £/
15,872 |
i
15,669 6/
16,339
19,976
20,648
20,648
20,622
20,496
21,106
20,976
Total
Belgium
(2)
(3)
_
_
_
20,950
20,917
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
14,867
18,377
19,102
19,102
19,102
19,002
19,645
19,542
19,542
19,542
20,837
20,655
21,128
20,351
20,462
20,443
19,489
19,339
19,839
19»089
19,252
19,274
-
32
32
32
32
20
_
-
_
-
_
_
-
Canada
if
(4)
«.
125 '
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
i;650
1,650
1,550
1,550
1,550
Denmark Germany
“
(7)
_
_
_
5,000
11,315
11,670
12,327
16,277
16,879
16,879
16,879
16,879
17,522
17,419
17,419
17,419
17,366
17,366
17,866
17,866
17,866
17,467
-
_
_
_
_
_
-
_
-
1,550
1,400
1,400
650
550
700
_
-
(6)
(5)
_
_
_
_
_
_
20
i;5?o
1,550
-
Japan
Korea
Sweden
Switzer
land
Taiwan
Thailand
(10)
_
25
25
25
25
25
25
_
_
(11)
_
_
_
(12)
_
_
_
(13)
_
_
w *
_
-
13
160
184
177
146
135
25
22
22
_
-
_
_
_
_
_
-
(8)
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
(9)
_
_
_
_
15
15
15
15
15
*
_
_
_
-
_
_
_
_
-
_
_
300
600
_
_
-
_
_
_
-
-
_
_
_
_
_
_
_
-
-
-
_
_
_
_
_
_
_
_
_
_
573
573
573
573
, 573
573
573
573
573
573
573
573
536
506
_
_
_
100
100
100
100
100
_
20
20
20
20
20
_
_
_
_
_
_
_
-
_
_
_
_
_
_
-
_
_
_
_
_
_
_
_
.
-
-
Payable in foreign currencies
End of
calendar
year or
month
1967..............................................
1970..............................................
1971..............................................
1972..............................................
1973..............................................
1975..............................................
1976..............................................
1976-Dec.......................................
1977-Jan.......................................
Feb.......................................
Mar.......................................
Apr........................ .............
May.......................................
June.....................................
July.....................................
Aug...............................
Sept....................................
Oct.......................................
«0SS.....................
Total
Austria
(14)
(15)
50
50
101
25
50
50
_
251
730
1,086
1,208
342
1,047
1,638
1,750 U
1,083 /
1,827 5 /
1,539
1,459 y
1,472
1,599
1,546
1,546
1,520
1,494
1,461
1,434
1,408
1,375
1,348
1,315
1,289
1,262
1,210
1,169
Belgium
(16)
30
30
30
30
60
-
_
-
-
_
_
_
_
_
-
-
-
_
-
Germany
i/
(17)
»
275
679
602
50
601
1,051
1,084 U
$42
612
306
_
_
_
„
_
_
_
_
'
JfetfL lor furttwr information, see "Public debt Operations,*’ Tables
IBO-i and 9.
2 / Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts \>utstanding
Here $204 million, September 1964 through October 1965; $175 m illion,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 m illion, 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/ Motes issued to the Government of Italy in connection with military
purchases in the United States.
In addition, nonmarketable Treasury notes amounting to $125 mill ion
Italy
Switzerland
(18)
(19)
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
1,546
1,520
1,494
1,461
1,434
1,408
1,375
1,348
1,315
1,289
1,262
1,210
1,169
200
200
-
125
125
125
226
125
-
_
_
_
_
_
Bank for
International
Settlements
(20)
_
_
70
93
-
-
_
_
-
_
_
'
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31* 1971. See also footnotes 7 and 8, Table IFS-1.
A/ 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.
2/ 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.
£ / Includes $15 m illion increase in March and, $132^ million increase in
April in dollar value of foreign currency obligations revalued to
*e£l«ot market exchange rates*
94
Treasury Bulletin
_
_
INTERNATIONAL FINANCIAL STATISTICS _ _ _
Table IFS-5. - U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
U.S. transactions with IMF
Calendar year
or month
1946-58................
1962...................
1968...................
1972...................
1976...................
1976- Dec................
1977-Jan................
Feb................
Mar........... .
Apr................
May................
June...............
July...............
Oct................
Nov................
Dec.................
Trans
actions
in
foreign
curren
cies 2/(4
_
525
435
680
-84
150
1,362
200
-133
-
Pay
ments of
sub
scrip
tion in
dollars(l
2,063
1,031
776
1,155
541 £/
754 S/
-
Net
gold
sales
by IMF
(2)
600
150
22
712 2 /
*
10
Net
borrow
ings by
IMF 2 /
(3)
_
-
-
99
21
-
392
153
-
-
-
-
-
-
125
_
-
_
_
-
-
_
-
98
_
_
_
-
j
-
Transactions by
other countries
with IMF
IMF net
income
in
Purchases
dollars of
dollars I j
(5)
(6)
-2,922
-47
2
-139
11
-149
16
-822
17
-110
16
-194
18
-282
12
-282
15
-159
20
-114
20
-806
19
-1,343
25
-854
-28
-24
-47
-33
-59
-1,073
-219
-442
-2,078
-572
Repur
chases
in
doj^ars
1,098
442
580
521
719
207
5
1
268
741
40
195
426
IMF holdings
of dollars at
end of period
U.S.
reserve
position
in IMF
at end of
period
5/
Total
change
Amount
Percent
of
U.S.
quota
(8)
792
1,336
442
-135
626
29
266
165'
1,313
-94
-870
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
(9)
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
(10)
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
(11)
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
585
465
552
1,852
2,212
4,434
-6
-109
35
-80
3,587 £/
-7
-132
"5
-7
-137
-7
-513
-47
-231
-635
133
56
4
113
'116
709
104
-121
20
105<
-99
67
3,691 V
3,570 2 /
3,590 2/
3,695 2/
3,596-2/
3,663 9/
44
46
44
44
46
44
45
4,434
4,682 10/
4,819 10/
4,812 IQ/
4,720 10/
4,972 10/
4,920 10/
-6
-153
-9
-6
-152
-7
-53
-188
285
1£9
99
8
122
89
226
-57
90
2
-77
116
3,889 9/
3,832 $ /
3,922 2/
3,924*2/
3,847 2/
3,963 2/
48
47
49
49
48
49
4,716 10/
4,859 10/
4,776 10/
4,842 10/
4,933 10/
4,951 IQ/
Note: The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Represents net loans made to the IMF under the General Arrangements
to Borrow.
2 / Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges 'on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only t6 the extent that the Fund1s holdings of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
U Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
5/ Represents the United States gold tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund’s
holdings of dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
amounts related to the United States quota.
6/ Includes $259 million gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effective On February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
Includes $30 million of special drawing rights.
Represents’amount payable in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
_
_
-47
-65
2/ Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
the U.S.
1976-Dec..,
1977-Jan..,
Feb..,
Mar..,
Apr..,
May..,
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
Payable to
the IMF
34
29
10
9
9
15
18
29
5
57
67
166
10/ Includes valuation adjustments an net borrowings by the IMF due to
changes arising from fluctuations in the dollar value of the IMF's
■unit of account (DSR), for each month as follows (in millions of
dollars):
Increase or
Decrease (-)
1977-Jan................
Feb................
Mar................
Apr................
May................
June.............. .
July................
Aug................
Sept................
Oct................
Nov................
Dec................
*
Less than $500,000.
-4
1
1
1
2
3
-5
1
9
2
18
95
January 1978
____________________ ________ INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar 1/
Vis-a-Vis
End of calendar
year or month
Currencies of 46 main
trading countries 2 /
Currencies of
OECD countries 2/
-2.0
-8.2
-0.9
-4.8
-4.9
-9.6
-9.6
-9.4
-14.6
-16.0
1977-Jan................................
Feb.................................
Mar................................
May................................
June............................ .
Oct.................................
1/ This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade. U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes,though sich weights do not provide a full
measure of individual currencies' relative importance in U.S. inter
national transactions because they take no account of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes an U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies;
(EQ1)
Ejd » Z(A$/fCi * Mi/EM)
Where:
i s the w eighted average o f percentage
changes in th e d o lla r c o s t o f in d iv id u a l
fo reig n cu rren cies;
A $ /fc i i s the p ercen t change in th e d o lla r
c o s t o f fo reig n currency i ; and
Mj/2M i s U .S. im ports from country i , as
a proportion o f t o t a l U.S. im ports from
a ll, c o u n tr ies in th e s e t .
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
-4.6
-1.0
-10.9
-10.3
-9.6
-9.0
-9.3
-9.8
-9.7
-10.3
-10.2
-9.5
-9.7
-10.6
-11.6
-14.5
+0.1
+0.7
+0.6
+0.3
+0.7
+0.4
+0.5
+1.2
+1.1
+0.8
+1.0
-1.1
(EQ2)
Ex - E (A fcj/$ * Xj/EX)
Where:
Ex i s the w eighted average o f percentage
changes in the fo reig n currency c o s t o f
d o lla r s ;
A fc i/$ i s the p ercen t change in the
fo reig n currency i c o s t o f d o lla r s ; and
Xi/SX i s U.S. exp orts t o country i , as
a proportion o f t o t a l U.S. exp orts to
a l l co u n tr ies in th e s e t .
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E = [(Em * m/m+x)*(-l)] + [Ex * x/m+x]
Where:
m/m+x i s U.S. im ports as a proportion
o f i t s t o t a l trad e w ith a ll'c o u n t r ie s in
th e se t; and
x/m+x i s U.S. exp orts as a prop ortion o f
i t s t o t a l trad e w ith a l l co u n tr ies in the
se t.
2 / Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2/ The currencies of 46 IMF member countries which account for approximately
9Ofo of U.S. total trade,
p Preliminary.
96
Treasury Bulletin
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 65o0 of January 15, 1°34, Executive Order 10053 of February S,
and Treasury regulations
promulgated thereunder. The regulations were amended in Jan
uary 1977 to acknowledge the effects of the International In
vestment Survey Act of 1076whichprovides additional author^
ity for the collection of data on international capital flows
and international Investment. Statistics on the principal
types of data and the principal countries are publisMd month
ly in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May 31, 1°6^. The report forms (for
merly Treasury Foreign Exchange Forms) were redesignated In
January 1°77 as Treasury International Capital Forms. 1/
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less. "Long
term" refers to obligations having an original maturity of
more than one year, and includes securities having no con
tractual maturity.
Reporting m a a g s
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branches, agencies, subsidiaries, and other af
filiates in the United States of foreign firms.
transactions belcw specified exemption levels are exempt from
reporting.
As described belcw, exemption levels were changed
in some instances beginning with reports filed as of September
30, 1977.
Banks file reports
The present form of the published presentation of the
1"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability* and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Institutions
which have total reportable liabilities, claims or securities
monthly covering their short-term
and long-term liabilities to,
and claims on,
foreigners.
Twice a year they also report their short-term dollar lia
bilities to foreigners in countries not shewn separately on
the monthly report of liabilities.
The specified exemption
level applicable to the monthly reports is based on the aver
age for the report dates during a six-month period, including
the current report date.
Beginning with reports as of Sep
Basic definitions
tember 30, 1977, the specified
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United ‘States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner” also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
to $2 million. Previously, this exemption level was $500,000.
exemption level was changed
Banks, securities brokers and dealers, and in some in
stances, nonbanking concerns, report monthly their transac
tions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports are filed by
exporters, importers,
industrial and commercial concerns, financial institutions
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. Fbr 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 cure 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, wherea? the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
other than banks and brokers, and other nontrnking firms if
their liabilities or claims, on thesix-months'average basis,
are $2 million or more.
Prior to the reports due as of Sep
tember 30, 1^77, the applicable exemption level was
$500,000.
These firms also report the liquid portion of their claims
Tor each month-end when they have reportable claims of $2
million or more. This exemption level was raised from $1
million beginning with the reports due as of September 30,
1977.
Description of statistics
Data collected on the Treasury International Capital
Forms are published in the "Treasury Bulletin" in fivesec
tions. Each section contains all the data relevant to the
same statistical series, with tables showing time series by
type and country, and the detailed breakdowns of the latest
available data.
January 1978
97
.CAPITAL MOVEMENTS
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund.
(Liabilities representing the "gold
investment" of the Fund, however, are included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies.
(Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics” section, Table IFS-4). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments,
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers aAd* sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions b y foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 19 &9 * transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
The data published
in these sections do not cover all
types of reported capital movements between the United States
and foreign countries.
The principal
intercompany capital transactions
exclusions
are the
of business enterprises
in the United States with their cwn 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 international transactions.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for Economic
Policy, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
98
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
(In millions of dollars)
Foreign countries
End of
calendar year
or month
196 3
(1)
14,323“
15,367
17,261
18,701
f 20,015
t 20,098
/ 21,958
^ 21,958
22,877
1964 2/....
f 25,467
“19577777777
195 8
195 9
196 0
1961 5/....
1962 5/....
Official institutions 1/
Total
short
term
liabili
ties
Total
(2)
13,641
14,615
16.231
17,260
18,699
18,781
19,908
19,874
21,330
(3)
7,917"
8,665
9,154
10,212
10.940
10.940
11,997
11,963
12,467
Payable
in
dollars
(4)
7,917
8,665
9,154
10,212
10.893
10.893
11,949
11,915
12,437
13,224
^ 25,518
23,849
23,900
13,224
13,220
25,551
13,220
Payable
in
foreign
currencies
(5)
46
46
48
48
30
(6)
5,724
5,950
7,076
7,047
International and regional
Banks and other foreigners
Payable in dollars
Payable
in
Other
foreign
Banks
foreigners currencies
(7)
(8)
(9)
2,252
59
3,413
3,460
2,430
59
2,398
4,601
77
2,230
4,705
113
2.356
5,299
104
5,380
2.357
104
IMF
gold
invest
ment 2 /
(10)
742
752
(11)
200
200
500
monetary
interna
tional and
regional
37 (12)
542
552
5,713
2.564
2.564
3,046
95
95
104
1,031
1,442
1.317
1.317
2,050
2,084
1,547
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
11,006
7,360
3,587
59
10,023
9,864
11,132
11,008
3.743
3.743
4,128
4,120
93
72
800
800
800
800
800
800
679
581
581
487
473
683
7,759
7,841
7.911
7.911
8,863
10,625
10,680
5.251
5.251
691 U
613 V
613 U
800
800
531
751
704
704
1,250
1,284
739 U
24,072
13,066
1967 5/....
27,724
27,599
30,657
30,505
26,343
26,219
29,370
29.232
196 8
31,717
30,234
12,484
12,539
14,034
14,027
11,318
13,066
11,968
12,022
13,882
13,876
10,855
463
13,859
13,680
15,337
15,205
*8,916
14,298
4,444
173
1,479
1.381
1.381
1.287
1,273
1,483
40,040
^ 40,199
38.631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1,409
1.413
800
800
609
613
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
821
821
197 2
55,404
^ 55,428
60,697
39,679
39,018 y
40,000
43,923
158
165 1 /
171
127 8/
13,954
14,643 y
19,284
23,196
10,034
10,-721 y
14,340
17,224
228
228
325
69,074
39,521
38,854 6 /
39,829
43,796
3,692
3,694
4,618
197 3
53.632
53,661
59,284
67,119
5,503
469
1,772
1,767
1.413
1,955
38,619
38,520
39,515
29,676
29,467
28,966
8,304
8,414
94,338
52,945
52,952
49.530
127 8/
91,600
89,046
53,072
53,079
49,530*
10,000
639
639
549
108.990
103.540
53.619
53.619
49.921
36.610
1 2 .5 9 2
719
102,642
108.990
105,061
105,064
106,152
110,439
113,735
113,448
117,2l&
97,137
103.540
100,436
101,146
101,870
105,152
107;179
107,720
113,382
49,40$
53.619
54,617
54,910
56,046
57,531
58,260
49,409
53.619
54,617
54,910
56,046
57.531
58,260
57,413
60,059
56,810
56,783
59,845
62,025
47,728
49.921
45,820
46,236
34,640
36.610
32,656
32,307
12,312
12.592
12,436
13,120
13,008
12,873
13,397
13,620
776
719
728
809
858
805
647
662
196 5
1966 5/....
1969 5/....
!
f
1970 5/....
1971 5/....
1974 S/....
197 5
1976.?...
1976-Nov...
Dec...
1977-Jan...
Feb...
Mar...
Apr...
May...
Juner.
July*.
Aug...,
Sept.*,
Oct. p.
Nov. p,
f
f
94,862
^ 94,771
2 $r116,032
117,530
91,691
112,63*6
114,272
60,059
56,810
56,783
59,845
62,025
517
517
152
152
127 y
i/ Includes Bank for International Settlements and European Fund.
Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ l^incipally the £ntftr^t&psia3. Jpak'for Reconstruction and Development
and the Ijnter-AmericanJDevelopment Bank. Includes difference* between
cost value and face value of securities in BAF gold investment account
($14 million at end 1971).
( J In addition, IMF gold investment included investments in U.S. Government bofids and notes which amounted to $109 million at fnd I960, $187
million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
f7;it
48,918
50,307
53,323
49,4733
J9,001
'34,937
54,435
3 9 ,6 ? 5
13,376
1'3 .m
14,042
52,791
52,247
37,999
37,267
»
77
77
713
756
812
400
400
400
1,372
1,367
1,413
1,955
3.171
3.171
3.171
3.171
5,293
5.450
5,293
5,506
5.450
5,506
5.450
4,625
3,918
4,283
5.287
6,557
5,728
3,834
4,217
3,555
3^396
3,258
4,625
3,918
4,283
5,287
6,557
5,728
5.450
3,834
4,217
3,555
3,396
3,258
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures an 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.
2/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31, 1971.
y Includes $15 million increase in dollar value of foreign currency
liabilities revalued bo reflect market exchange rates.
p Preliminary.
January 1978
99
fiAPTTAT. M O V E M E N T S
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
(In millions of dollars)
Official institutions 1/
Banks and other foreigners
Payable in dollars
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
Deposits
Time
2/
(1)
195
195
195
196
13,641
7
8
9
0
1961 2 / ...
14,615
16,231
17,260
il8,699
118,781
1962 2 / ...
ftjSS
196 3
196 8
21,330
fo,849
\23,900
24,072
^26,343
126,219
/29,370
\29,232
30,234
1969 3/...
[38,631
1964 2 / ...
196 5
1966 2 / ...
1967 2 / ...
(2)
3,059
3,511
2,834
3,038
3.389
3.389
3,2£l
3^234
1,402
2,451
2,820
1.591
2,816
1.591
2,862
1,535
2,612
1.679
2j668
1.679
2,462
2.054
2,458
2.054
2,149
58,786
1970 2 / ... [40,499
U®,541
1971 i/i/.. (53,632
153,661
197 2
59,284
197 3
>7,119
/91,691
1974 2 / ... \91,600
1,918
1.930
1,652
1,652
1,620
1,3274/
1.591
2,125
2,951
2*951
89,046
197 5
103.540
197 6
197b-Nov..., 97,137
Dec
103.540
I>77-Jan.... 100,436
Feb.... 101,146
Mar.... 101,870
Apr.... 105,152
May.... 107,179
June... 107,720
July... 113,382
Aug. . 106,283
Sept.*. 111,218
Oct. p. 112,636
Nov. p. 114,272
2,644
3.394
2,6tf5
3.394
2.931
2,406
2,638
2,747
2,676
2,705
3,642
3,122
3,133
2,990
2,557
Y,
2/
A/
(3)
U.S.
Treasury
bills and
certifi
cates
(4)
4,246
4,392
5,738
6,193
6.412
6.412
7,759
7*759
7,548
7.554
7.554
7,186
7.985
7.985
5,486
Other
short
term
liabili
ties 2/
(5)
612
762
582
982
1,092
1,092
928
922
1,036
1.259
1.259
1,483
1,361
1*360
1,380
1,378
1,321
2,951
3.844
2,942
3.844
2.554 13.367
2.554 13.367
2,504 ,32,311
2,0391/32,311
2,880 31,453
3,911 31,511
4,257 34,656
4^167 34^656
•*,423 34,199
37.725
2.321
2,167 3*,706
2.321 3 7 .7 2 5
2,139
2,158
1,612
1,612
3,086
3,177
3,905
6,248
11,081
11.178
2,488
2,408
2,266
2,335
2,441
2,506
38,081
39,559
40,399
41,508
42,197
41,322
2,401
41,926
39,825
40,780
43,392
45,806
11,117
10,537
10,744
10;941
10,947
10,880
12,090
11,615
10,882
11,560
11,839
2,248
1,987
1,903
1,823
L9,264
10.179
9,850
10.179
Payable
in
foreign
cur
rencies
(6 )
46
46
Other foreigners
Deposits
Demand
(7)
Other
U.S.
short
Treasury term
Time bills and liabili
certifi ties 2/
* ( 8) cates (9)
oo
2,737
3,017
3,369
4,210
4,854
4,917
if
30
517
517
152
152
463
202
202
148
148
158
165 5/
171
127 6/
127
127
4,102
5,006
5,027
4.941
§,79§
6,636
838
967
967
900
\ ’M
1,142
1,142
1,273
1,988
16,745
16,756
1,999
12,376
1,326
12,385
1,354
850
7,047
320^
3,3994/
4,658
405
529
6.941
1,911
8,248
1,910
8,231
7,933
7,763
10,374
7,534
9.104
8,897
9.104
8,475
9,385
8,392
8,726
9,782
9,565
10,136
8,928
9,676
9,685
9,668
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which'
are included in "Other short-term liabilities."
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches whicfy were previously reported as
lj873
2.297
l,b79
2.297
2,089
1.825
1,769
1,698
1,748
■2,124
1.826
1,865
1,849
1,879
1,814
2/
6/
p
158
131
492
76
43
43
83
83
68
142
142
113
704
1,039
1,077
1,406
m
m
129
129
1,927
1,973
2,621
20
20
14
14
5
11
232
232
335
119
124
119
122
102
108
104
108
100
144
112
121
127
141
518
312
740
419
402
420
490
490
Deposits
Time
2/
(12)
(11)
1,766
1,951
1,833
1,849
1.976
1.977
2,096
2^096
966
1,493
1,257
1,523
1,271
1,531
1,574
1,594
1,513
l;ft?
1J513
2,052
1.693
1.693
2,054
1,797
2,199
Demand
4,658
4,644
3,202
3,197
2,130
6,9954/
9,272
9,743
19,285
19,094
19,224
25.089
23,941
25.089
21,969
20,996
21,688
23,414
23.236
24.236
1,709
1,711
1,688
1*688
1,660
1,660
1,955
2,143
2.729
2.729
3,248
4.015
3,943
4.015
26,895
3,595
3,751
3,870
4,056
4,065
24.033
28.033
26,308
25,643
3,741
4,091
3,868
3,803
4,111
3,790
1,811
1,935
1,886
1^895
1,663
1,666
2,116
2,359
3,796
3,744
4,823
6.524
6,461
6.524
6,636
6,877
6,996
7,065,
7,198
7,2947,453
7,490
7,634
7,611
7,588
Other
U.S.
Treasury short
bills and term
certifi liabili
cates (13 ) ties 2 ^ )
Payable
in
foreign
278
306
295
148
149
149
116
116
209
174
270
233
230
230
352
352
(15)
59
59
77
113
104
104
95
95
119
72
72
87
469
502
503
332
104
118
90
59
81
81
86
302
292
362
107
107
131
131
96
96
312
312
77
77
173
226
226
8
65
68
277
277
325
198
209
198
183
229
248
201
1{80
167
151
328
404
346
333
274
271
481
933
1,502
1,664
1,604
1,854
1,700
1,354
1,876
1,924
1,896
1,804
1,908
2,370
2,177
2,116
2,133
2*022
2,182
228
228
325
469
639
639
549
719
776
719
728
809
858
805
647
662
945
851
713
756
812
deposits are included in "Other short-term liabilities"; certain
accounts previously classified as "official institutions" are in
cluded with " banks"; and a number of reporting banks are included in
the series for the first time.
.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
Preliminary.
100
Treasury Bulletin
_____________________ CAPITAL MOVEMENTS_______________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-1-2. - Short-Term Liabilities by Type of Liability—Continued
Part B - International and Regional Organizations
(In millions of dollars)
Nonmonetary international and regional organizations 2/
End of
calendar year
or month
Total
international
and regional
(1)
742
752
1960.....................
1961.....................
f
{
1967 5/...................
f
\
1969 2 / ...................
-/
f
{
1,031
1,442
1,317
2,050
2,084
1,547
1,618
1,479
1,381
1,287
1,273
1,483
1,413
1,221
1,772
1,767
1,413
1,955
3,171
5,293
5,450
1977-Jan..................
Feb..................
May..................
Sept.. ...............
Oct. p................
Nov. p ...............
5,506
5,450
4,625
3,918
4,283
5,287
6,557
5,728
3,834
4,217
3*555
3,396
3,258
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
(2)
200
200
500
Deposits
Demand
Time j/
(3)
(4)
50
209
76
U.S. Treasury
bills and
certificates
Other
short-term
liabilities
(5)
490
(6)
m
219
343
449
532
800
800
354
540
568
294
572
572
ij
613 k f
739 4/
800
800
800
800
800
42
56
67
67
800
800
68
62
400
400
69
400
_
_
—
70
66
73
73
86
101
139
139
290
215
384
207
200
139
124
120
231
170
212
178
178
113
83
159
192
192
394
244
211
211
211
202
326
296
497
83
111
148
205
2,554
2,701
287
290
166
216
203
119
172
228
196
205
230
237
241
207
167
156
3,604
2,701
2,890
2,779
2,743
2,849
2,977
2,521
122
154
147
,134
140
142
2,191
1,990
1,875
*802
767
142
214
173
173
1/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates sham), obtained
from proceeds of sales of gold by the International Monetary Fund
to the United States to acquire income-earning assets. Upon termina
tion of investment, the same quantity of gold was reacquired by the
International Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the IntersAmerican Development Bank; excludes Bank for Interna
tional Settlements' a&d European Fund. • Includes differences between
cost value and face amount Of securities in IMF gold investment
account.
2
*
6
*
55
138
145
138
314
266
173
118
107
Payable
in
foreign
cur
rencies
(7)
-
108
-
224
381
896
892
-
800
-
1,474
2,424
2,443
2,250
8
5
1,415
2,250
1,335
680
1,092
2,108
3,2332,811
1,352
1,900
4
6
3
3
6
13
15
38
1,300
32
2,261
2,155
20
20
4
5
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
4/ In addition, IMF gold investment included investment in U.S. Gov
ernment bands and notes which amounted to $109 million at end I960,
$187 million at end 1961, and $61 million at end 1963.
Jj/ Data an the two lines shewn far this date differ because of ehangaa
in reporting coverage. Figures on the first line are comparable in
coverage to those shown far the preceding date; figures on the second
line are comparable to those shown for the following date.
*
Less than $500,000.
p
Preliminary.
101
January 1978
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
___________ (Position at end of period in millions of dollars)
1977
Calendar year
Country
Austria...........
BelgiumLuxembourg...
Denmark...........
Finland...........
France..........
Germany...........
Greece............
Italy............
Netherlands.......
Norway............
Portugal..........
Spain............
Sweden............
Switzerland.......
Turkey............
United Kingdom.....
Yugoslavia...... .
Other Western Europe.
Poland............
U.S.S.R...........
Other Eastern Europe.
Total Europe.......
Latin America:
Argentina.................
Bahamas...................
Brazil....................
Chile.....................
Colombia.................
Cuba......................
Ecuador...................
Mexico....................
Panama....................
Peru......................
Trinidad and Tobago.........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles 2/......
Other Latin America.........
Total Latin America.
Asia;
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)......
Hong Kong....................
India.......................
Indonesia....................
Israel......................
Japan.......................
Korea.......................
Lebanon.....................
Malaysia.....................
Pakistan.................... .
Philippines.............. ....
Singapore....................
Syria.......................
Tnailand.....................
Middle-East oil-exporting countries 2 /
Other Asia.................
Total Asia.
Africa:
Egypt.................
Ghana.................
Liberia................
Morocco................
South Africa............
Zaire.................
Oil-exporting countries 4/..
Other Africa............
Total Africa.
Other countries;
Australia....
All other....
Total other countries...
Total foreign countries...
International and regional;
International...........
European regional.......
Latin American regional...
Asian regional.........
African regional.......
Total international and regional.,
Grand total................. .
1976
1974 1/
607
2,506
369
266
4,287
9,420
248
2,617
3,234
607
2,506
369
266
4,287
9,429
248
2,577
3,234
1,040
310
382
1,138
10,139
152
7,584
183
4,073
55
82
151
48,813
"3320"
754
2,898
332
391
7,733
4,357
284
1,072
3,411
996
195
426
2,286
8,514
118
6,886
126
2,970
66
40
134
43,988
3,076,
1,054
1,034
276
305
7
122
1,770
510
272
107
165
3,413
1,087
116
449
158
24
11,75Z.
1,M7,
1,827
1,227
317
417
6
120
2,066
1,099
244
131
172
3,289
1,245
170
1,311
129
26
14,942
21,088
50
818
530
261
1,221
389
10,931
384
126
63
91
747
245
7
333
4,623
313
21,130
123
1,025
623
126
369
386
10,218
390
117
77
74
698
256
26
252
6,461
317
21,539,
892
648
340
3*?1
14,380
437
140
396
189
627
280
35
275
8,073
332
28,472
12,387
534
128
571
130
614
309
23
257
9*283
407
28,456
103
18
39
38
130
84
2,814
326
103
18
39
38
130
84
2,814
326
343
23
53
68
169
63
2,239
416
333
27
77
I88
143
35
1,116
481
314
54
77
81
237
30
1,145
736
3,551
3,551
3,373
2,300
2,671
2,742
89
2,742
2,014
114
2,128
1,911
108
2,bl9
555^'”
1,800
126
1,926
107,720,
5,091
22
136
175
26
5,450
5,365
14
144
157
47
5,728
108,990
^13,448
1,040
310
382
1,138
9,986
152
7,559
183
4,073
55
82
151
48/667
T5TT
1,448
1,034
276
305
7
122
1,770
488
272
107
147
3,413
1,087
116
379
158
24
12,038
50
818
530
261
1,221
386
10,897
384
126
63
91
747
245
7
333
/6
2,831
"917600
2,900
25
202
43
1
2,900
25
202
43
1
3,171
5,064
7
187
34
1
94,771
Data in the two columns for this date differ because of changes
in reporting coverage. Figures in the first column are comparable
in coverage to those shown for the preceding date; figures in the
second column are comparable to those shown for the following date.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
348
2,275
363
422
4,875
5*965
403
3,206
3,007
785
239
561
1,693
9,458
166
10,004
188
2,672
77
51
,178
46,938
4,784
1,538
2,750
1,432
335
1,017
6
319
2,848
1,140
257
167
245
465
2,704
1,178
258
m
556
4,636
3,545
H8
667
2,390
9,323
127
10,701
115,
2,009
66
73
____96
49,627
Sept.
455
2,822
1,154
209
4,745
4,937
573
5,422
3,397
1,203
222
642
1,963
9,162
101
11,250
125
1,973
59
88
100
498
2,691
1,032
217
4,894
4,413
709
5,538
3,328
1,140
169
543
448
2,667
1,172
248
4,799
4,289
629
5,770
3,216
1,190
173
723
2,483
9,920
93
11,427
119
1,839
66
53
108
6,320
3,088
1,023
191
724
2,734
9,752
111
11,096
130
1,938
52
68
110
375
2,662
1,264
263
4,683
5,590
643
6,778
2,986
641
266
647
3,140
9,911
118
12,145
171
1,895
75
66
91
203
10*226
" 110
1,855
Oct. p
410
2,714
1,272
232
5,006
5,280
648
Nov. p
50,604
51,431
52,899
54,411
4,253
4,456
4,631
4,492
4,936
4,639
1,699
3,777
1,357
393
1,196
7
1,754
5,518’
1,398
373
1,220
6
321
2,869
1,015
241
66
242
2,532
1,851
218
2,022
4,283
1,233
353
1,164
6
337
2,790
954
273
54
230
2,887
1,763
171
2,663
180
51
a, 412
2,187
2,421
m
1,156
6
396
2,823
947
288
211
245
3,037
1,714
237
3,591
169
80
24,470
3,773
1,055
340
1,182
6
329
2,741
946
259
136
226
3,212
1,749
243
3,514
156
57
22,346
2,595
3,469
953
322
1,152
6
315
2,851
986
235
71
258
3,780
1,738
200
3,335
184
81
22,531
49
1,259
1,1328
746
782
484
12,837
633
134
447
260
653
294
22
281
9,976
410
46
925
1,066
743
589
467
11,691
527
110
182
178
561
272
31
293
8,828
423
44
924
1,153
850
453
416
11,440
600
113
179
174
559
312
20
264
8,525
432
48
899
993
886
905
465
13,277
599
118
191
185
630
341
45
271
7,930
386
52
886
971
980
739
490
14,821
572
118
171
197
603
267
13
251
7,192
396
30,296
26,931
26,457
28,169
28,720
603
37
72
61
185
38
1,430
-750
3,177
484
24
65
68
208
36
1,564
574
393
28
71
61
232
33
1,403
566
331
27
89
31
3,023
2,786
2,560
1,553
151
1,704
113,382
1,007
172
1,179
J!0&,£s3
1,198
1,348
152
1,500
1,276
135
3,484
8
165
135
44
3,834
3,816
32
187
140
42
4,217
316
2,832
941
224
1,595
177
1,874
140
90
19,026
20,786.
47
44
1,196
931
814
989
Aug.
53
70
97
48,953
204
234
2,478
1,856
240
2,779
207
47
3,095
July
m
3,219
158
39
23,038
401
51
85
73
264
40
1,541
830
3,284 j
342
240
30
1,214
598
146
1,345
111,218
112,636
1.411
114,272
3,186
19
157
150
43
3,079
20
134
130
33
2,922
31
128
147
29
3,555
3,396
3,258
110,399
117,530
116,032
117,216
114,773
2 / Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar Saudi Arabia, and
the United Arab Emirates (Trucial States).
U Includes Algeria, Gabon, Libya, and Nigeria.
* Less than $500,000.
p Preliminary.
102
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of November 30, 1977
Preliminary
(Position in millions of dollars)
Country
(1)
Europe:
Austria.......... .
Belgium-Luxembourg...,
Denmark.......... .
Finland.......... .
France...........,
Germany.........
Greece...... .... .
Italy.............
Netherlands....... ,
Norway........... .
Portugal......... .
Spain........... .
Sweden........... ,
Switzerland....... .
Turkey........... .
United Kingdom......
Yugoslavia.........
Other Western Europe.,
Poland...........
U.S.S.R..........
Other Eastern Europe.,
Total Europe...... .
Canada............ .
Lfirtfo Amsrisa:
Argentina...
Bahamas...
Brazil....
Chile.....
Colombia....
Cuba.....
Ecuador.....
Mexico....
Peru....................
Trinidad and Tobago........
Uruguay..................
Venezuela................
Other Latin American Republics.
Bermuda..................
British West Indies........
Netherlands Antilles........
Other Latin America........
Total Latin America........
1
Total
short
term
liabilities
1
0-3
Short-term liabilities payable in dollars
m banks and official instLtutions
Total
Deposits 1/
(2)
(3)
375
2,662
1,264
263
4,683
5,590
643
6,778
2,986
641
266
647
3,140
9,911
118
12,145
171
1,895
75
66
91
54,411
4,639
357
2,427
1,235
243
4,523
5,322
566
6,608
2,864
593
219
473
3,107
8,832
111
11,118
168
1,845
74
65
50,832
3,778
58
316
112
137
516
971
196
712
303
268
170
297
261
1,383
110
989
122
494
60
50
76
7,599
263
2,595
3,469
953
322
1,152
6
315
2,851
986
235
71
258
3,780
1,738
200
3,335
184
81
22,531
1,595
3,337
745
119
843
1
193
551
360
101
47
92
2,395
799
45
3,137
60
44
14,446
281
315
388
101
165
1
123
361
73
92
30
73
309
399
27
496
18
16
3,271
52
886
971
980
739
490
14,821
572
118
171
197
603
267
13
251
7.588
28,720
42
575
443
941
715
442
14,550
555
73
164
185
427
225
12
210
7.030
26,594
30
270
136
114
214
1,093
213
63
63
44
261
53
11
69
753
3,452
331
27
89
31
240
30
1.812
2,560
322
15
18
25
210
26
1,700
2,317
248
8
17
24
82
19
715
1,114
1,276
135
1,411
1,214
111
1,325
114.272
2,922
31
128
147
29
3,258
117,530
U.S.
Treasury
bills and
certif
icates
U)
188
1,291
1,109
5
3,331
4,128
95
4,783
1,794
274
*
*
2,582
3,039
Other 1/
Total
(5)
(6)
111
819
13
101
675
223
276
1,114
766
51
49
176
264
4,410
2
6,914
11
1,041
13
15
7
17,051
2,469
17
155
28
12
146
Do all other 'oreieners
U.S.
Treasury
Deposits 1/ bills and Other 1/
certif
icates
(7)
(9)
(8)
773
13
100
28
12
131
187
74
134
89
40
39
159
21
714
6
345
3
33
2
1
6
2,137
568
1,262
3,016
354
18
372
*
53
189
287
9
17
18
1,528
329
16
2,619
41
28
10,157
952
126
207
201
309
5
122
2,238
626
134
18
164
1,375
939
154
81
125
37
7,812
942
111
201
198
301
5
121
2,052
328
133
18
143
1,290
868
131
76
85
32
7,034
12
173
213
100
333
224
2,035
290
9
32
129
165
167
*
19
3.197
7,099
10
311
522
24
23
48
230
17
45
7
13
166
40
1
41
557
2,054
9
178
508
18
23
43
143
15
45
7
11
153
40
1
41
396
1,632
*
116
7
851 2/
998
49
7
1
1
12
1
133
205
9
12
71
5
27
3
112
239
9
12
56
5
27
3
111
112
51
164
642
19
661
460
41
500
48
20
68
43
17
60
99,292
15,863
.45,947
37,482
14,169
11,653
2,915
31
92
137
29
3,204
102,497
226
19
31
5
2
283
16,145
732
1,956
12
58
129
7
*
16
10
1
33
7
*
16
10
1
33
11,687
84
-
3,215
35
310
1
*
26,181
1,046
53
6
3
_
305
-
18
1
_
558
71
2
1
*
*
1,018
242
77
139
109
46
47
165
24
1,036
6
907
3
50
2
1
7
3,222
*
30
*
_
5
14
*
1
3
2
*
*
*
37
*
25
_
*
_
_
-
118
69
*
2
*
*
1
_
_
6
12
_
_
_
*
*
8
*
6
-
37
4
24
1
*
10
41
3
4
18
4
8
6
3
285
*
537
*
17
*
2
967
136
9
14
6
3
7
_
1
180
286
1
_
21
84
71
15
5
34
5
742
Short-term
liabilities
payable
in
foreign
currencies
(10)
1
80
1
8
14
27
*
30
13
2
*
9
9
43
119
_
*
_
*
*
358
88
47
6
*
2
n
*
62
*
*
6
2
10
*
*
137
*
-
273
Asia;
China, People’s Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong..............
India.................
Indonesia..............
Israel................
Japan....... ..........
Korea.................
Lebanon...............
Malaysia...............
Pakistan...............
Philippines............
Singapore..............
Syria................ .
Thailand...............
Other Asia.............
Total Asia.,
Africa:
Egypt.......
Ghana.......
Liberia.....
Morocco.....
South Africa...
Zaire.......
Other Africa...
Total Africa...
Other Countries.
Australia....
All other....
Total other countries...
Total foreign countries...
International and regional:
International.........
European regional......
Latin American regional...
Asian regional........
African regional.......
Total international and regional.
Grand total..................
64
133
98
776
268
3
11,423
52
-
68
11
1
5
122
3.081 2/
16,042
24
-
-
4
4
27
767
46,714
-
2,155
39,637
14,202
223
103
4
*
_
*
*
*
*
_
*
_
_
*
* 2/
108
_
_
*
_
- 2/
*
*
30
10
6
*
5
87
2
*
*
2
12
*
_
*
161
315
*
*
2
15
*
_
41
*
*
*
*
11
2
_
*
1
72
*
_
_
*
14
*
■*
*
3
_
*
2 ,
16
.... 3
3
3
3
6
13
4
18
333
2,182
812
_
-
_
-
___3_
-
333
___
2,182
_
-
20
-
20
832
3/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
2/ U.S. Treasury bills and certificates held in custody for the account of oil-exporting countries in "Other Asia" and "Other Africa" amounted to $3,778 million.
* Less than $500,000.
103
January 1978
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Calendar year
Apr.
Dec.
Apr.
1975
1976
1976
1977
7
21
29
10
4
6
33
75
6
8
38
30
43
7
6
69
40
237
7
7
58
32
131
7
24
16
18
2
7
12
17
36
34
3
36
14
25
19
32
2
17
13
44
14
11
2
3
11
29
34
21
2
11
19
19
11
31
n.a.
n.a.
16
23
68
86
118
90
156
6
21
56
39
99
29
110
124
169
171
260
45
38
99
41
133
43
1/
96
118
128
129
219
22
35
88
69
127
46
1/
1/
117
134
170
212
368
39
48
137
59
158
50
13
133
146
275
178
409
33
47
137
35
120
49
30
135
170
280
214
392
43
68
210
43
133
60
17
4
2
4
3
7
3
9
5
7
6
13
10
10
10
25
72
2
3
4
2
11
5
135
1
22
9
12
2
6
3
16
13
88
1
18
21
65
4
22
3
25
14
126
1
41
54
31
4
39
2
28
13
62
2
57
44
34
3
23
2
34
10
66
2
57
54
13
4
37
1
33
23
66
5
90
n.a.
n.a.
n.a.
23
n.a.
35
27
50
7
57
1
6
23
6
2
3
11
10
7
28
79
1
10
23
8
2
3
12
7
6
22
95
3
7
31
22
2
4
11
19
13
22
60
2
18
19
10
1
12
30
29
22
78
72
6
17
39
17
1
17
20
34
50
14
41
10
10
46
22
1
22
48
20
43
35
48
5
26
185
18
1
30
57
15
n.a.
55
30
12
39
11
47
11
42
11
48
14
45
13
75
n.a.
Country
Other Western Europe:
Cyprus........ ........................
Iceland............................. .
Ireland............................. .
Malta...............................
Monaco..............................
Other Eastern Europe:
Bulgaria............................
Czechoslovakia........................
Estonia.............................
German Democratic Republic..............
Hungary.............................
Romania............................. .
Other Latin American Republics:
Bolivia............................. .
Costa Rica........................... .
Dominican Republic.................... .
El Salvador.......................... .
Guatemala.............................
Guyana..............................
Haiti...............................
Honduras............................
Jamaica............................. .
Nicaragua............................
Paraguay............................
Surinam 1/...........................
Other Latin America:
Belize..............................
French West Indies and French Guiana......
Other Asia:
Afghanistan..........................
Bangladesh...........................
Burma...............................
Cambodia............................
Jordan..............................
Laos................................
Nepal...............................
Sri Lanka............................
Vietnam (formerly Viet-Nam & North Viet-Nam)
Yemen (Aden).........................
Other Africa:
Ethiopia (including Eritrea)............
F.T.A.I. (French Somaliland)............
Ivory Coast..........................
Kenya...............................
Mozambique...........................
Southern Rhodesia.....................
Sudan...............................
Tanzania............................
Tunisia.............................
Uganda..............................
Zambia..............................
Other Countries:
New Zealand..........................
U.S. Trust Territory of the Pacific Islands.
1972
1973
1974
3
9
17
3
4
19
8
62
4
8
5
10
2
6
5
8
87
92
114
76
132
8
27
58
41
61
22
1/
Note:
Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" geographical categories in the
regular monthly series in the Treasury Bulletin.
2 / Surinam included with Netherlands Antilles through December 1975.
n.a. vot available.
104
Treasury Bulletin
______________________ CAPITAL MOVEMENTS______________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
liabilities
(1)
1972 ;§/.....................
1975.......................
1976-nov ...................
1977-Jan.................
Feb...................
Mar....................
Apr.................. .
May....................
June.
July..................
Sept......... .........
Oct. p................
Nov.p.................
j/
2/
f
^
{
\
2,324
2.432
1,984
1,928
1,963
2,004
2,230
2,376
2,322
2,336
2,526
2,586
2,696
Official
institutions
(3)_
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
1,807
1
drtw
X,oU7
Total 1/
(2)
10
2
1
7
2
7
28
204
203
988
to
sa
HH
1967 2/....................
10
2
1
7
2
7
69
310
513
1,494
2,546
2,560
3,166
2,490
1,703
902
1,000
1',018
1,462
1,285
1,812
2.432
Foreign countries
2,389
1,600
913
437
m
417
700
464
1,395
2,105
1,987
2,105
1,659
1,608
1,630
1,682
1,895
2,027
1,980
1,945
2,118
2,153
2,263
'
Banks
(4)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
15
1^
A?
.Other
'foreigners
(5)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a«
n.a.
50
International
«T>d regional
(6)
_
42
106
311
506
40
40
53
56
87
87
100
79
100
204p
689
698
777
889
789
446
562
580
761
822
415
269
35
4U
2,341
1,505
695
144
93
8
55
165
237
238
310
124
931
1,337
291
261
364
5tf3
1,311
1,337
875
827
827
852
1,080
1,135
1,081
1,006
502
563
580
570
581
563
545
580
173
204
313
269
204
210
222
267
270
312
571
602
635
642
632
329
337
409
422
376
268
263
267
255'
266
279
269
313
330
352
352
1,089
1,255
Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
Payable in
foreign
currencies
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1
1
20
21
21
2
58
24
58
57
57
67
68
70
70
73
77
78
80
81
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.
January 1978
__________________________________________ ..CAPITAL MOVEMENTS_____________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar Year
Country
1973
1974
Europe:
Finland......................
Italy.......................
Netherlands..................
1
1
2
159
*
146
*
214
*
1
1
1
6
Portugal.....................
Switzerland..................
Turkey......................
*
9
*
*
6
5
2
1
58
5
3
62
5
2
55
90
5
3
76
*
*
*
*
2
n. a.
Uruguay......................
Venezuela....................
Other Latin American Republics....
Bermuda......................
*
9
4
n.a.
British West Indies.............
n.a.
Other Latin America.............
4
3
... 135
3
*
*
*
*
,-T O -
1
*
1
Korea.........................
1
*
1
5
n.a.
n.a.
n.a.
2
/
71V
82
*
Ghana.........................
n. a.
n.a.
*
*
_
f
"l
n
i
7
*
7
700
551
_
98
112
761
1,462
“.140 "
*
■*
*
*
*
*
*
1
1
2
*
*
*
2
*
n.a.
-
*
-
Aug.
Sept.
*
49
*
44
308
*
5
1
*
*
9
5
67
*
169
*
*
1
*
2
27
W
27
3
69
3
70
3
71
5
*
78
26
71
26
6
2
1
6
2
81
*
280
2
1
4
*
*
902
*
*
n.a.
*
*
*
*
1
*
n.a.
*
*
*
*
*
1
1
*
*
*
464
*
*
*
1,397
652
63
107
822
1,285
12
2
14
-
14
76
28
*
75
30
1
1
Nov. p
*
43
*
45
309
*
6
8
*
*
8
5
73
*
200
1
5
2
*
704
26
2
71
7
2
7
_
1
79
30
1
*
*
17
9
83
9
19
*
1
18
8
81
2
4
287
10
1
2
*
*
16
7
82
9
19
*
304
341
346
330
-
-
*
-
«.
1
1
1
*
1
1
1
3
*
3
*
3
*
1
1
6
1
1
6
1
1
6
4
*
3
5
*
4
3
9
15
*
*
*
5
*
4
8
4
66
6
1
*
*
*
*
1
1
10
1
*
*
14
3
71
11
2
1
1
*
*
9
4
75
*
*
n.a.
*
*
*
*
1
6
*
4
*
1
71
33
*
*
*
1,286
28
1,332
*
5
*
719
23
27
*
*
*
25
4
42
4
*
-
1
200
6
1
1
6
2
6
*
*
*
*
15
*
*
*
15
*
*
*
1
1
2
1
6
2
*
19
1
1
9
15
*
*
1
1
1
4
1,130
*
1,148
*
4
1,075
*
1,093
1
4
1,056
*
1,021
1,095
_
4
1,064
4
1,118
*
*
*
*
*
5
6
*
*
*
*
*
5
6
*
*
15
•*
*
8
*
_
*
_
14
*
1
8
1
*
*
_
*
*
*
5
6
23
23
*
*
*
*
1
1
1
1
1
1
2
2,1^3
2,097
2*196
2,234
*
*
1
2,344
351
*
10
54
66
*
135
68
-
72
_
140
67
_
57
_
140
72
_
62
*
180
72
_
95
*
180
77
-
101
*
170
81
-
415
1,812
269
2,432
279
2,376
269
2,322
313
2,336
76
_
180
74
330
2,526
352
2,586
352
2,696
2
1/ Through December 31 , 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
*
-
10
5
65
*
*
*
9
5
70
*
205
708
1
*
*
*
894
6
6
308
1
6
8
*
1
*
*
*
94
4
102
5
664
5
-
7
*
*
n.a.
n.a.
1
45
*
*
4S
634
33
4
-
1
2
49
*
*
43
307
-
2
230
Oct. p
_
4
-
*
*
n.a.
n.a.
2
_
*
6
1
*
*
n.a.
n.a.
1
n.a.
n.a.
*
Africa:
Egypt.......................
10
15
*
*
*
24
3
14
*
*
-
22
-
India.......................
Indonesia....................
Israel......................
Japan.......................
6
18
*
*
*
*
*
9
5
162
1
*
628
2
1
6
1
*
570
29
1
*
40
*
34
307
*
5
66
*
147
_
July
68
330
2>
*
/
66
8
2
5
*
*
3
*
26
*
124
*
226
19
Peru..........................
Trinidad and Tobago.............
Total Asia.....................
4
7
*
*
5
_
«.
n.a.
44
Lebanon.....................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore....................
Syria.......................
Tnailand.....................
Middle-East oil-exporting countries 2/ I
Other Asia...................
/
1
312
_
2
6
1
China, Republic of (Taiwan).......
Hong Kong....................
*
*
*
*
48
*
27
n.a.
8
8
Panama......................
28
*
-
June
*
*
n.a.
470
Cuba........................
Ecuador.....................
Asian regional................
African regional...............
Total international and regional....
Grand total....................
*
59
*
*
213
n.a.
Colombia.......................
International and regional:
International..................
European regional..............
Latin American regional.........
2
66
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America:
Argentina....................
Bahamas.................... ...
Brazil......................
Chile.......................
Morocco.....................
South Africa..................
Zaire.......................
Oil-exporting countries 2 / .....
Other Africa..................
Total Africa..................
Other coimtries:
Australia....................
All other....................
Total other countries...........
Total foreign countries...........
*
*
*
*
*
1
Yugoslavia...................
Other Western Europe...........
Poland......................
6
1976
*
39
*
19
346
*
*
*
*
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..............
*
9
*
-
5
15
*
-
Belgium-Luxembourg.............
1975
1977
2
'
*
*
_____1_
2,053
*
4
987
*
*
1
2,023
*
2 / Includes Algeria, Gabon, Libya, and Nigeria.
*
p
Less than $500,000.
Preliminary.
n.a. Not available.
3
1,232
3
1,275
*
_
*
_
*
*
1
5
7
106
Treasury Bulletin
-CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
End of
calendar
year
or month
Total
short
term
claims
1957....
1958....
1959....
196 0
1961 V * .
{!
1962.
196 3
1964 1/.,
1965 1/.,
1966 1/...
.
19691 / . . . . . ,
.
197 0
1971 1/ 2/.,
1972 1/.,
197
197
197
197
3
4
5
6
1976-Nov..
Dec..
1977-Jan..
Feb..
Mar.*
Apr.
May *
June.
July...
Aug. . .
Sept...
Oct. p.,
Nov.p..
1/
2J
13,170
13^272
^15,471
,15,676
20,723
39,056
50,231
69",139
63,582
69,139
63,717
63,752
65,156
65,637
68,060
69,732
69,608
72,160
72,275
61,777
67.494
61,985
61,794
63,259
63,951
66,297
67,954
67,942
66,661
677379
70,161
70,404
(3)
930
1,268
1,309
1,297
1,646
1,660
1,953
I,915
2,652
2,773
2,968
2,970
3,139
3,141
3,137
3,150
3,165
3,281
3,278
3,051
5,674
5,671
7,660
II,287
13,200
18.141
16.141
18.141
15,946
16,007
15,766
16,265
16,647
16,090
17,602
16^687
18,383
18,045
17,560
(4)
242
401
351
290
329
329
359
186
223
221
271
271
256
256
306
306
247
262
262
119
223
231
163
163
284
381
614
1.453
1,272
1.453
1,267
■952
789
745
968
983
852
1,018
1,007
1,085
1,064
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the sec
ond line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
C'NC'N
196 8
(2)
2,052
2.344
2,407
3,135
4,177
4,234
4,606
5.344
6,810
7,333
7.158
7,243
7,399
7,433
8.158
8,182
8,261
9,063
9,165
10,192
328
377
14,625
14,830
20,061
37,859
48,888
67.494
00
1967 1/...
Official
insti
tutions
Collec
tions
Deposits
out
of
Accept
reporting
standing
Other
ances
Other
banks and
for
made for short
Total domestic
for
account of
term
eigners reporting account
customers
claims
of
for
with for
banks and eigners
eigners
domestic
customers(7)' (8)
(6)
(5)
(11)
(9)
(10)
386
423
147
132
303699
198
181
421
428
656
439
192
178
516
498
460
582
460
222
482
605
524
1,233
342
1,837
543
618
694
699
343
543
1,874
700
622
709
495
309
686
642
953
543
343
384
832
2,214
955
774
601
552
342
2,600
1,007
1,055
1,374
336
2,621
624
803
1,150
1,135
1,403
422
325
2,501
474
1,268
1,130
1.566
492
492
329
2,508
1,272
1,132
1.567
420
240
2,450
443
1,367
1,143
1.739
420
241
1,288
2,540
464
1,145
1.739
287
425
1,228
1,603
1,511
287
1^552
425
m
1,228
1,616
450
336
509
1,221
2,854
1,733
1,697
516
352
658
3,169
1,954
1.073
1,946
516
352
670
3,202
2,015
1.073
1,943
610
552
766
3,985
1,212
2,389
I,720
1,107
2,A75
m
1J679 1 ■ m
2*475
IjoS J
IM
2,478
846
441
3,204
3,269
2,535
2,975
846
2,657
3,226
441
3,276
2,538
2,970
662
428
3,935
4,160
4,307
2,838
4,538
9,698
1,196
669
11,237
5,637
7,332
3,574
656
1,342
19,075.
11,147
5,467
4,920
.7,665
1,063
12,358
51,238
5.756
1,645
II,142
5.547
28,585
1,084
1,805
11,422
5,628
9,628
5,241
31,238
11,142
12,358
5.756
5.547
1,645 1 1,063
1,126
1,732
5,833
9,419
5,260
12,047
28,159
27,910,
1,091
1,959
5,868
5^289
12,009
9,766
1,100
1,897
28,513
12,790
6,190
'5,237
9.740
1,686
918
12,976
28,371
6,339r
5,078
10,441
1,764
30,288
864
13,045
5,040
32,280
13,166
1,779
845
5,105
6,352
1,667
817
13,431
30,5565
5,227
11,523
5,060
1,032.
6,200
10,609
15,556
30,21^
1,931
11,992
6,Q2&
5,385
1,728
844
13,645
18,325
922
5,658
11,301
■6,€05
2,000
312,436
13,674
13,368
1,871
5,349
33,447
837
6,029
11,147
Foreign
government
obligations
and
commercial
and
finance
paper
(12)
Other
shbrtterm
claims
(13)
L5
16
15
238
200
200
186
157
182
187
42
77
102
54
68
70
70
74
70
40
84
89
92
119
173
223
223
119
289
314
89
95
96
110
110
89
89
145
272
323
332
377
302
277
233
239
356
392
P
67
73
79
74
166
174
174
182
182
115
238
372
493
632
493
460
596
474
436
522
631
572
667
645
722
642
of the U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claiins"; and a number of reporting
banks are included in the series for the first time.
Preliminary.
January 1978
----- — ------------------------------------------------------- CAPITAL MOVEMENTS______________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end of period m millions of dollars)
Calendar Year
Country
1974
1975
1976
June
July
11
147
48
108
621
311
35
316
133
72
23
222
153
176
10
1,459
10
25
n.a.
46
44
3.970
1,955
21
384
46
122
673
589
64
345
348
119
20
196
180
335
15
2,580
22
22
n.a.
46
131
6,255
2,776
15
352
49
128
1,471
416
49
370
300
71
16
249
167
237
86
4,718
38
27
n.a.
103
127
8,987
2,817
44
662
85
139
1,445
517
79
929
304
98
65
373
180
485
176
6,179
41
52
n.a.
99
171
12,122
3,049
53
759
85
113
1,455
575
51
875
480
124
97
284
101
484
333
6,638
58
51
82
90
134
12,923
3,607
63
505
86
101
1,503
647
66
972
471
121
110
323
153
488
333
6,473
49
42
75
88
94
12,763
3,728
499
883
900
151
397
12
n.a.
1,373
274
178
n.a.
55
518
493
n.a.
n.a.
13
154
720
3,405
1,418
290
713
14
144
1,972
505
518
18
63
704
690
88
943
62
111
1,203
7,570
2,221
360
689
13
219
2,802
1,052
583
21
51
1,086
725
89
1,460
49
336
964
15,336
3,322
387
586
13
293
3,432
1,257
704
31
38
1,564
801
134
5,063
40
306
904
16,058
3,030
349
495
13
323
3,204
905
797
50
32
1,348
770
120
4,773
69
173
12,377
20,532
34.270
4
500
223
14
157
255
12,518
955
59
n.a.
n.a.
372
135
12
458
330
235
22
736
258
21
102
491
10,776
1,561
56
n.a.
n.a.
384
369
12
499
524
249
3
991
271
41
76
551
10,997
1,714
25
n.a.
n.a.
559
16,226
16,057
1973
1977
Aug.
Sept.
Oct. p
53
476
100
103
1,471
648
68
1,014
371
135
138
344
151
533
329
6,011
35
47
58
81
111
12,277
3,978
117
558
140
95
1,356
615
103
1,060
447
109
148
346
139
700
337
6,771
34
43
78
89
68
13,352
3,400
75
782
126
111
1,344
766
98
1,104
304
120
138
471
172
681
329
6,623
28
267
69
82
80
13,770
3,626
52
751
107
106
1,292
645
107
1,148
352
124
115
401
144
614
344
6,358
29
50
88
81
61
12,969
3,798
839
15,061
3,026
373
514
13
326
3,469
1,278
796
25
38
1,421
831
187
4,994
64
161
856
13,647
3,077
382
542
13
349
3,455
1,463
783
32
39
1,435
852
133
5,622
57
89
939
13,522
3,011
431
528
13
338
3,488
1,063
785
46
42
1,656
840
143
6,044
75
111
1,076
15,984
3,121
435
570
10
348
3,261
1,431
737
46
47
1,654
896
148
5,116
61
162
1,085
16,516
2,949
441
554
15
354
3,220
1,719
734
40
60
1,714
923
211
4,607
139
188
33,413
33,415
32,826
33,076
35,105
35,469
13
1,275
359
25
65
311
9,698
1,981
29
67
125
372
462
25
584
1,476
158
9
1,236
272
65
56
323
9,623
2,069
30
102
74
478
405
17
580
1,369
130
27
1,303
360
59
67
304
9,351
2,001
29
124
103
477
342
14
617
1,340
96
20
1,321
357
48
97
348
9,341
1,998
43
92
99
489
345
16
612
1,531
101
22
1,275
32
422
1,312
258
30
1,259
337
39
72
334
9,935
1,861
38
81
86
418
471
37
558
1,275
147
17,672
16,979
17,025
16,838
16,614
16,856
17,327
130
10
57
31
822
7
358
333
1,749
Europe:
Belgium-Luxembourg.............
Denmark.... .................
Finland.....................
France......................
Germany.....................
Greece......................
Italy.......................
Netherlands..................
Norway......................
Portugal.....................
Spain.......................
Sweden......................
Switzerland..................
Turkey......................
United Kingdom................
Other Western Europe...........
Poland......................
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America*
Argentina....................
PahajmH................. ....
Brazil......................
Chile.......................
Colombia.....................
Cuba........ ...............
Ecuador.....................
Mexico......................
Panama............... .......
Peru........................
Trinidad and Tobago............
Uruguay.....................
Venezuela....................
Other Latin American Republics......
Bermuda.....................
British West Indies............
Other Latin America............
Total Latin America............
5,900
Asia:
China, People's Republic of
31
(China Mainland)..............
140
China, Republic of (Taiwan)......
147
Hong Kong....................
16
India.......................
88
Indonesia....................
155
Israel.............. .........
6,398
Japan.......................
403
Korea.......................
n.a.
Lebanon.....................
n.a.
Malaysia.....................
n.a.
Pakistan............... .
181
Philippines..................
n.a.
Singapore....................
n.a.
Syria.......................
273
Tnailand.....................
Middle-East oil-exporting countries ii / \
f
}
3921
Other Asia...................
Total Asia...................
8,224
Africa:
35
Egypt.......................
n.a.
Ghana.......................
n.a.
Liberia.....................
5
Morocco.....................
129
South Africa..................
>.
61 r
Zaire.............. ........
Oil-exporting countries 2 / .......
]
1581
Other Africa..................
388
Total Africa..................
Other countries:
243
Australia....................
All other....................
43
Total other countries...........
286
Total foreign countries...........
20,723
Jnteraationja and regional:
*
International.................
European regional..............
Latin American regional.........
1
Asian regional................
African regional.............. .
Total international and regional....
_______ 1_
420
111
10
n.a.
18
329
98
115
174
855
101
5
n.a.
9
545
34
231
303
1,228
127
5
n.a.
13
763
29
257
288
1,481
466
99
565
39,055
535
73
609
50,229
441
99
540
69,134
*
-
-
*
5
*
*
*
*
-
*
1
*
*
_______ 1_
39,056
50,231
Grand total....................
20,723 ’
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2 / Includes Algeria, Gabon, Libya, and Nigeria.
-
149
12
50
43
799
6
357
303
1,720
134
7
51
48
802
15
306
291
1,656
861
150
1,010
69,599
795
148
943
68,581
863
135
998
69,0%
839
127
966
727151"
815
137
952
*
1
7
1
*
10
69,608'
*
1
8
1
1
11
68,592
*
1
7
2
1
10
69,107
*
1
7
1
*
1
1
8
2
*
9
72,160
12
72,275
1,789
3
1
7
1
*
54
60
347
9,578
1,876
45
105
105
508
359
14
594
1,791
128
158
1
47
46
821
8
290
285
1,658
422
312
1,009
69,720
466
155
12
65
44
881
7
378
285
1,828
157
7
36
36
810
9
878
132
Nov. p
5
____ 13_
69,732
69,139
* Less than $500,000.
p Preliminary.
n.a. Not available.
108
Treasury Bulletin
f!APTTAT. MOVEMENTS
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of November 30, 1977
Preliminary
Country
■Europe:
Total
short
term
claims
Total
(1)
(2)
(Position in millions of dollars)
Short-term claims payable in dollars
Loans Collections
outstanding
Foreign
for account
banks
and
of report
Total
Other
ing banks
official
and domestic
insti
customers
tutions
(3)
(6)
(5)
(4)
Short-term claims payable
in foreign currencies
Accept
ances
made for
account
of
foreign
ers
Other
(7)
(8)
(10)
(11)
02)
3
147
6
2
59
122
1
34
34
3
*
9
9
96
6
122
*
1
4
*
*
3
16
3
2
18
115
*
21
29
3
*
6
8
91
5
96
*
1
*
*
*
131
1
*
40
7
*
12
5
*
*
3
1
6
1
26
*
1
4
*
*
237
144
614
344
6,358
29
50
Poland....................
88
81
61
Total Europe...............
Canada......................
12,969
12,312
3,833
3,363
471
921
880
6,678
657
417
3,798
3,139
795
387
407
27
113
2,204
659
108
340
210
Argentina.... ..............
1,085
16,516
2,949
441
554
15
354
3,220
1,719
734
40
60
1,714
923
211
4,607
616
1,027
1,262
130
399
4
219
2,748
721
593
20
41
1,326
375
72
449
39
13
345
1,021
887
75
252
*
124
1,510
486
504
17
26
365
215
43
436
17
*
271
6
375
55
147
4
95
234
89
3
15
961
159
29
12
21
13
121
17
290
33
43
10
43
73
29
20
19
11
186
156
11
17
15
23
178
5
1,017
271
89
65
274
108
109
1
6
134
346
124
2
*
3
169
15,381
378
2
18
1
26
113
858
10
*
2
60
42
4
4,052
80
148
*
86
3
4
5
*
*
11
3
1
*
*
8
4
*
89
5
*
*
188
1,084
16,431
2,947
436
549
15
354
3,209
1,716
732
40
60
1,707
918
211
4,519
135
187
*
3
*
4
2
*
*
5
*
*
*
*
_
*
-
*
12
3
2
4
*
*
6
*
1
*
*
3
4
*
89
5
*
35,469
35,250
10,052
6,324
3,728
1,117
2,735
21,346
219
89
*
130
22
1,275
466
54
60
347
9,578
1,876
45
105
105
508
359
H
594
1,919
20
1,274
461
51
60
346
9,321
1,876
45
103
105
507
358
U
594
1,892
11
76
89
30
45
116
392
355
22
39
12
111
112
7
97
583
11
53
45
30
31
84
293
304
22
38
2
81
111
7
91
470
*
23
43
*
14
31
100
51
*
1
10
30
1
*
6
113
3
59
30
10
8
25
2,905
24
15
7
4
22
30
7
68
318
17,327
17,026
2,097
1,673
423
3,535
5
1,103
147
7
2
198
4,304
1,468
1
43
6
331
7
378
351
8,351
1
37
195
4
4
7
1,720
28
7
15
83
43
208
51
640
3,043
1
1
5
3
*
1
257
#
*
2
*
1
2
*
28
301
1
*
5
3
*
1
189
*
*
2
*
*
2
*
7
210
*
49
*
*
49
1
*
*
*
*
19
*
*
*
*
1
*
—
*
20
41
130
10
57
31
822
7
691
1,749
130
10
57
30
799
7
690
1,724
57
9
38
12
200
4
359
680
56
9
4
12
62
4
275
1
*
34
*
138
*
84
258
6
1
4
11
70
1
201
295
65
14
8
512
1
114
715
2
*
*
16
*
16
34
*
*
1
24
*
1
26
*
1
4
*
*
5
_
-
*
*
*
19
1
20
815
137
952
807
135
942
77
24
101
86
38
124
533
41
574
112
31
142
9
2
11
5
2
7
1
1
3
*
41
46
15
61
72,263
70,392
17,558
12,210
5,349
6,019
13,368
33*447
1,871
837
392
642
1
1
8
2
*
1
1
8
2
*
1
*
-
*
-
_
_
_
-
-
12
12
-
-
-
-
72,275
70,404
33,447
1,871
837
392
Italy.....................
Norway................... .
352
124
115
401
Brazil....................
Chile.....................
Ecuador.... ............ .
Trinidad and Tobago..........
Uruguay...................
Other Latin American Republics...
Bermuda......... .
British West Indies..............
Netherlands Antilles.........
Other Latin America........ .
Asia;
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)....
Hong Kong..................
India.....................
Indonesia..................
Israel....................
Lebanon...................
Malaysia...................
Pakistan..................
Philippines................
Singapore..................
Thailand...................
Other Asia.................
Total Asia.................
Africa;
Egypt.....................
Ghana.....................
Liberia...................
Morocco...................
South Africa...............
Zaire............... ......
Other Africa...............
Total Africa...............
Other Countries:
Australia..................
Total other countries.........
Total foreign countries........
International...............
European regional............
Latin American regional.......
Asian regional..............
African regional............
Total international and regional.
Grand total............... .
*
Less than $500,000.
139
1
*
- '
2
17,560
421
31
10
17
280
13
*
486
112
27
592
150
1
1
99
18
167
3
4,677
1
16
16
1
1
(9)
Sweden....................
Switzerland................
Turkey....................
751
107
106
1,292
645
107
1,14S
23
257
60
24
502
285
12
290
96
33
75
75
77
212
156
1,082
11
7
38
10
39
*
11
6
55
74
29
24
96
4
47
29
84
5
29
147
204
6
4
24
1
Other
*
*
2
*
*
*
*
. *
*
*
*
*
2
24
286
74
42
543
310
22
321
115
61
77
136
98
261
161
1,186
15
11
38
12
41
8
27
9
7
130
72
34
105
50
12
8
72
15
60
28
169
6
17
6
68
18
Foreign
government
obligations
and commer
cial and
finance
paper
49
604
102
104
1,233
523
106
1,U4
318
122
115
392
136
517
338
6,236
28
49
84
81
61
52
1
29
14
18
41
25
10
31
19
29
2
61
21
50
5
105
5
5
2
1
Deposits of
reporting
Total banks and
domestic
customers
with
foreigners
1,238
v
2
-
_
1
8
2
*
*
10
-
12,211
5,349
6,029
13,368
-
-
73
_
3
_
-
642
January 1978
109
_____________________CAPITAL MOVEMENTS______________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
1963-May 1/.............
1963 1/................
1964 1/................
1972 1/................
1976-Nov................
Dec................
Feb...............
Mar...............
Apr...............
May...............
June...............
July...............
Aug................
Sept.*............ .
Oct. p.............
Nov. p..............
Total
long-term
claims
(1)
(2)
1,174
1,362
1,545
1,698
2,034
2,160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,379
2,293
2,379
f
\
/ 2
7
[ 3,
,8
03
30
I
^
f
^
Loans
Total
3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
4,954
5,063
5,996
7,179
9,536
11,890
11,597
11,898
11,996
12,132
12,204
12,458
12,294
12,182
12,251
12,468
12,648
12,734
12,368
Total
(3)
Official
institutions
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,260
2,346
2,781
2,811
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
703
716
11,813
11,021
12,015
12,257
12,091
11,982
3,777
3,995
4,211
3,915
3,635
3,158
2,806
2,698
3,345
4,539
4,588
5,446
6,490
8,316
10,093
9,844
10,093
-10,193
10,392
10,407
10,531
10,395
10,286
12,049
12,250
12,432
12,504
12,134
10,323
10,504
10,609
10,761
10,452
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
4,914
5,023
5,924
7,099
9,419
11,750
11,450
11,750
1/ Data on the -taro lines shewn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
793
702
669
528
502
504
575
833
#44
1,160
1,328
1,375
1,432
1,391
1,432
1,444
1,574
1,649
1,671
1,699
1,686
1,701
1,736
1,780
1,799
1,818
Baziks
(5)
Other
foreigners
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
591
931
1,567
2,232
2,171
2,232
2,189
2,232*
2,194
2,193
2,262
2,265
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,314
3,694
4,231
5,374
6,429
6,282
6,4296,561
6,586
6,564
6,666
6,435
6,336
2,316
2,426
2,303
6,384
6,489
6*513
6,537
6,331
2,
,2
27
39
8
2
n.a. Not available,
p
Preliminary,
*
Less than $500,000.
Other
long-term
claims
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33
33
57
4
21
195
288
297
247
274
394
426
352
300
375
435
478
609
1,103
1,656
1,606
1,656
1,620
1,52*
1,607
1,726
1,696
1,695
1,726
1,746
1^823
1
,743
1,681
Payable in
foreign
currencies
(8)
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
2
2
*
1
9
18
15
16
18
25
22
40
40
72
80
116
148
147
148
184
211
190
201
202
200
202
218
216
229
255
Treasury Bulletin
110
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar Year
Country
1974
1973
Europe:
Austria.....................
Belgium-Luxembourg.............
Denmark.....................
Finland......................
France......................
Germany.....................
Greece...... ................
Italy.......................
Netherlands..................
Norway......................
Portugal.....................
Spain.......................
Sweden......................
Switzerland..................
Turkey......................
United Kingdom................
Yugoslavia...................
Other Western Europe...........
Poland......................
U.S.S.R......................
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America:
Argentina....................
Bahamas......................
23
13
50
25
191
83
198
96
33
61
3
22
29
22
174
106
89
61
International and regional:
International.................
European regional..............
Latin American regional.........
Asia regional.................
African regional...............
Total international and regional....
Grand total....................
23
11
65
67
198
100
201
July-
24
25
53
67
439
108
184
92
42
29
36
395
55
24
25
46
61
423
109
176
91
34
29
35
395
55
81
946
72
990
Aug.
Sept.
29
25
53
63
458
105
157
89
42
28
35
399
61
19
30
54
75
176
43
1,166
134
63
1
33
983
92
224
8
6
250
223
15
4
28
20
3,468
228
156
1,580
210
89
*
81
1,412
118
231
4
7
287
292
31
15
101
28
4,870
198
224
1,579
186
94
*
105
1,464
120
205
1
6
363
291
57
30
81
12
' 5,016
223
1,590
120
100
*
111
1,496
129
205
1
6
375
275
65
43
79
16
5,045
5,219
35
194
47
43
71
246
258
103
12
n.a.
n.a.
135
17
■*
19
384
53
1,619
2
318
37
37
144
231
296
230
21
n.a.
n.a.
150
15
*
21
220
73
1,795
2
354
54
30
142
209
382
268
21
n.a.
n.a.
161
5
*
20
146
112
1,904
10
331
105
24
134
170
381
267
19
56
4
124
10
*
20
151
28
1,832
*
339
88
24
145
179
391
274
19
54
4
134
9
*
28
155
19
1,862
*
344
98
24
144
176
371
274
9
54
4
124
10
*
25
170
20
1,8*6
16
n.a.
n.a.
2
88
31 ,
14
*
n.a.
1
74
39
62
176
22
7
n.a.
*
150
148
151
269
8
13
n.a.
15
83
271
257
8
18
169
11
269
92
213
80
10
15
176
11
268
92
191
93
10
15
182
12
283
93
219
83
9
15
165
12
275
93
221
81
355
366
747
890
860
857
898
83
329
110
142
19
662
136
87
1
n.a.
464
62
62
n.a.
6
298
136
n.a.
n.a.
6
37
2,116
62
90
33
54
29
230
251
103
n.a.
n.a.
n.a.
169
n.a.
n.a.
18
/
1,582
A
f
J 219l
154
23
177
5,992
*
4
_
4
88
242
8
6
3,648
485
3,706
455
210
234
227
1,608
120
124
236
227
1.599
126
109
119
1,512
135
200
*
7
435
267
65
46
106
15
129
1,714
140
185
1
17
436
297
64
42
96
10
5,428
412
-
858
852
287
67
353
216
62
■'■■12,664
279
12,299
61
3
5
1
61
3
5
*
60
1
6
2
60
1
6
2
60
1
5
2
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2 / Includes Algeria, Gabon, Libya, and Nigeria.
n ;w
12,251
* Less than $500,000.
p Preliminary.
n.a. Not available.
_
68
12,468
-
873
71
2
5
1
_
247
22
43
137
12
6
15
179
12
287
91
176
85
26
1
6
2
70
486
6
15
180
12
276
88
201
80
27
4
1
-
262
239
1,543
157
118
_
125
1,864
137
183
1
8
23
172
32
1,763
*
3
79
12,182
3,419
.424
25
161
25
1,872
211
64
275
12,400
_
325
*
348
89
21
141
146
320
268
8
53
4
132
9
*
17
153
32
1,742
224
59
283
12,181
35
240
146
*
344
85
21
150
134
334
272
8
54
4
123
9
185
50
235
12,103
_
248
231
1,590
132
105
*
114
1,861
141
198
1
8
456
287
21
42
100
12
265
14
*
347
91
22
151
166
359
275
8
54
4
175
9
169
78
247
11,863
31
3.682
....461 '
78
926
5,583
172
63
235
9,504
7
7,179
66
8
64
5,547
123
40
163
7,171
_
416
84
949
260
14
251
399
147
208
67
275
12,580
4
1
88
12
157
3,677
456
17
269
409
164
106
154
84
954
255
14
237
234
407
178
248
10
31
52
71
464
92
115
79
42
28
31
327
6
979
259
14
247
407
168
236
3,677
483"
6
81
20
42
26
33
163
25
840
156
64
1
26
701
77
110
9
2
244
167
3
•*
13
14
2,614
8
19
30
54
73
460
3.314
637
30
3
39
14B
72
5
n.a.
129
154
1.271
490
Nov. p
154
87
46
25
34
405
64
2,704
555
8
122
28
Oct. p
462
102
23
n.a.
178
244
1,908_
501
8
113
J 5*3 I
Other Africa..................
Total Africa..................
Other countries:
Australia....................
All other....................
Total other countries...........
Total foreign countries...........
23
17
60
53
175
63
241
91
46
64
15
187
38
7
June
621
174
51
n.a.
304
387
20
China, Republic of (Taiwan)......
Hong Kong....................
India.......................
Indonesia....................
Israel......................
Japan.......................
Korea.......................
Lebanon.....................
Malaysia.....................
Pakistan.....................
Philippines...................
Singapore....................
Syria.......................
Tnailand..................... _
Middle-East oil-exporting countries 2/ \
Other Asia...................
Total Asia...................
Africa:
Egypt.......................
rthana.......................
Liberia......................
Morocco......................
South Africa..................
Zaire........................
1976
1975
105
32
41
24
383
42
7
104
847
195
34
n.a.
397
438
47
Chile.......................
Colombia.....................
Cuba........................
Ecuador.....................
Mexico.................... .
Panama..... .................
Peru........................
Trinidad and Tobago....... .....
Uruguay.....................
Venezuela....................
Other Latin American Republics....
Bermuda......................
British West Indies.............
Netherlands Antilles 2/.........
Other Latin America............
Total Latin America............
Asia:
"China, people1s Republic of
1977
_
68
"lsrssr
_
69
12,734
_
&
12755?
January 1978
111
OAPTTAT. MflVRMBNTS
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of November 30, 1977
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Total
long-term
claims
(1)
Europe:
Italy...............................
20
31
52
71
464
92
115
79
42
28
31
327
66
8
78
926
265
14
240
U.S.S.R.............................
Other Eastern Europe...................
Total
Loans
(2)
(3)
15
23
49
71
459
92
114
79
35
28
31
324
66
7
58
919
253
U
Other
(4)
15
23
49
58
435
86
113
65
• 32
27
10
301
64
5
37
448
211
14
212
325
141
Chile...............................
Ecuador......................... .
Mexico........ .............. ...... .
Panama..... .......... .
Trinidad and Tobago................ .
Uruguay........ ........
Venezuela......... .... ............ .
Other Latin American Republics......... .
Bermuda........ ........ ............
British West Indies....................
Netherlands Antilles...... ............. .
Other Latin America....................
Total Latin America................ .
Asia.
China, People's Republic of
(China Mainland).................... .
China, Republic of (Taiwan)..............
Hong Kong............................
India...............................
Indonesia............................
Israel..............................
Japan...............................
Korea.......................... .....
Lebanon.............. .
Malaysia......... .... ......... .
Pakistan............................
Philippines..........................
Singapore................ .......... .
Syria......... .... ....... ..... .
Thailand..... ......... ........ ......
Other Asia...........................
Total Asia.......................... .
Africa
Egypt.. ......... ..................
Ghana.... .......................... .
Liberia................... ...........
Morocco,........ ................ .
South Africa............;.............. .
Zaire...............................
Other Africa..... ....................
Total Africa.........................
0ti]&L.G2UZti£ififL:
Australia....... ...... ................
Total other countries...... ............
Total foreign countries.................. .
International and regional:
International................. .
European regional..................... .
Latin American regional......... .
Asian regional................. ...... .
Grand total............... .
* Less than $500,000.
13
24
6
*
14
3
1
21
23
1
3
20
471
43
*
28
*
2
5
8
3
5
_
1
7
_
_
3
*
20
7
11
_
1
325
146
239
325
144
674
7*3
424
379
342
37
45
262
239
1,543
157
118
262
239
1,543
157
117
216
236
1,433
145
111
45
3
109
12
6
-
-
-
-
125
1,864
137
183
1
8
486
247
22
43
137
12
125
1,862
134
183
1
8
485
246
22
28
137
12
118
1,721
122
178
1
8
418
231
22
28
134
11
7
141
13
5
*
*
66
16
*
4
1
6 I"?*?
428
*
180
81
21
107
138
317
162
*
51
4
98
3
*
11
154
169
7
*
34
5
3
102
8
35
6
*
6
31
<c,o(±
Latin America.
*
Long-term
claims
payable in
foreign
currencies
(5)
5,583
*
348
89
21
141
146
320
268
8
53
4
132
9
*
17
185
*
348
89
21
141
143
320
264
8
51
4
132
9
*
17
185
'
_
2
_
•4
-
1
2
3
*
1
*
15
-
4
_
4
_
2
_
_
-
1
-
1,326
jrsc.
6
15
179
12
287
91
262
6
15
179
12
245
91
262
4
179
12
168
75
250
2
15
*
*
77
15
12
_
43
-
852
810
689
121
43
216
62
279
1o OQQ
211
62
273
204
62
267
7
5
7
5
12,100
10 428
1,672
199
61
3
5
*
-
25
3
5
*
-
20
36
-
-
5
3
*
*
“
69
33
25
9
36
12,368
12,134
10,452
1,681
235
1,742
JL,
-
5
-
-
112
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
1957.,
(1)
566
(2)
491
1958.,
499
1959.,
664
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
(3)
428
(4)
62
(5)
75
440
368
71
60
581
512
69
83
1960 2J .... .
574
596
485
507
424
437
61
70
89
1961-Mar. 2/.
674
691
583
600
510
525
73
76
91
June 2/..
756
778
673
684
563
572
111
113
83
94
Dec... .
833
678
569
109
155
1962-June 2/.<
778
817
626
665
527
551
99
114
151
Dec. £/.,
798
805
637
644
508
513
129
130
161
1963.......
775
626
479
148
148
1964-June 2/..
763
725
622
585
471
441
151
144
140
Dec. 2/.,
807
700
556
144
107
1965 2/ ........ -
943
958
810
600
210
f 136
.
1,419
1,089
827
262
329
1967 2/.....
1,784
1,815
1,371
1,386
1,027
1,039
343
347
414
428
196 8
2,737
1,608
1,225
382
1,129
1969 2/.... .
3,511
4,428
1,786
2,124
1,399
1,654
387
471
1,725
2,304
197 0
.
5,780
2,677
2,181
496
3,102
1971 2/.... .
5,863
5,901
2,704
2,763*.
2,229
2,301
475
463
3,159
3,138
1972 2/.... .
6,659
7,017
3,119
3,414
2,635
2,948
484
466
3,540
3,603
1973.
1974.
1975.
7,899
9,799
3,300
5,022
10,324
4,012
5,922
5,998
713
900
605
3,886
3,877
4,327
1976-June...
Sept...
Dec....
1977-Ma
r
June p.
10,273
10,199
10,149
10,054
9,717
6,266
6,408
6,582
5,640
5,6A
5,870
5,787
5,737
626
737
712
764
4,00a
3,791
3,567
196 6
6,551
6,386
Nate:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for most recent five quarter
ends for which figures are available. Data are also shown
5,393
648
^ 147
3,504
3,331
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those Shown for the following date,
p Preliminary.
113
January 1978
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
________
______
(Position at end of period in millions of dollars)______
Calendar year
Country
Austria..........
Belgium-Luxembourg...
Denmark.........
Finland..........
France.........
Germany..........
Greece...........
Italy...........
Netherlands.......
Norway...........
Portugal.........
Spain...........
Sweden...........
Switzerland.......
Turkey...........
United Kingdom....
Yugoslavia........
Other Western Europe.
Poland...........
U.S.S.R..........
Other Eastern Europe.
Total Europe......
1972 1/
1973
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
n.a.
4
150
162
15
103
108
14
4
77
13
105
4
1,118
7
2
n.a.
1,830
1,986
7
215Latin America;
Argentina................
Bahamas^/................
Brazil...... ............
Chile...................
Colombia.................
Cuba....................
Ecuador..................
Mexico..................
Panama..................
Peru....................
Trinidad and Tobago........
Uruguay..................
Venezuela................
Other Latin American Republics.
Bermuda..................
British West Indies........
Netherlands Antilles.2 /. ....
Other Latin America........
Total Latin America.
Asia;
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)....
Hong Kong..................
Baflia.....................
Indonesia..................
Israel........ ............
Japan................ .....
Korea.....................
Lebanon....................
Malaysia...................
Pakistan...................
Philippines.................
Singapore..................
Syria.....................
Tnailand..................... ,
Middle-East oil-exporting countries 4/ \
Other Asia.,
Total Asia.
Africa:
Egypt....................................
Ghana................
Liberia...............
Morocco...............
South Africa...........
Zaire................
Oil-exporting countries Jj/.
Other Africa...........
Total Africa.,
Qtfier.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/
2/
2/
140
232
40
98
125
9
13
75
48
102
10
961
16
3
n.a.
9
25
2,063
20
524
24
16
203
313
39
124
117
9
19
56
41
138
8
1,263
40
5
n.a.
48
16
263
24
June p
Sept.
1974
3
139
9
7
1977
1976
38
13
233
12
1
159
228
29
116
170
22
3
51
24
213
20
839
108
7
n.a.
10
16
15
183
13
17
185
256
28
148
141
24
5
36
35
243
16
888
113
8
n.a.
19
14
2,387
10
166
7
2
200
174
48
131
141
29
13
40
34
190
13
878
123
7
n.a.
9
13
2,227
14
299
9
3
149
149
19
172
114
20
4
81
29
134
25
1,003
76
8
n.a.
20
11
2,340
35
2,273
372
49
330
97
15
19
*
n.a.
72
12
31
n.a.
3
184
102
n.a.
n.a.
55
127
48
251
58
16
11
*
n.a.
74
10
32
n.a.
3
222
104
n.a.
n.a.
68
129
44
260
72
17
13
*
n.a.
99
34
25
n.a.
4
219
141
n.a.
n.a.
10
100
42
256
49
16
18
*
27
118
12
24
20
4
260
101
38
121
11
2
1,028
1,037
1,118
327
379“
19
323
35
18
8
1
n.a.
27
8
5
l
n.a.
6
17
35
n.a.
n.a.
10
7
19
396
35
9
7
1
n.a.
26
18
4
n.a.
7
17
39
n.a.
n.a.
10
4
12
9
*
n.a.
46
13
15
n.a.
2
36
51
n.a.
n.a.
6
22
22
14
*
n.a.
60
21
14
n.a.
2
49
83
n.a.
n.a.
26
101
45
277
102
14
17
*
n.a.
82
16
29
n.a.
3
98
76
n.a.
n.a.
35
138
519
593
728
922
931
1,095
32
28
12
7
12
12
149
20
n.a.
n.a.
n.a.
15
n.a.
n.a.
5
32
26
12
7
15
19
225
21
n.a.
n.a.
n.a.
16
n.a.
n.a.
5
42
34
41
14
14
25
295
37
n.a.
n.a.
n.a.
17
n.a.
n.a.
6
17
92
19
7
60
50
347
75
n.a.
n.a.
n.a.
25
n.a.
n.a.
10
1
96
17
7
136
31
277
68
n.a.
n.a.
n.a.
14
n.a.
n.a.
18
1
122
28
10
115
34
272
60
n.a.
n.a.
n.a.
18
n.a.
n.a.
11
117
102
183
536
708
1,237
1,035
1,705
1,385
480
1,031
1,695
1,260
410
l,978r
2,052
n.a.
n.a.
3
8
1
10
n.a.
n.a.
15
14
19
3
n.a.
n.a.
14
43
18
37
n.a.
n.a.
8
100
6
22
n.a.
n.a.
32
12
25
n.a.
n.a.
42
65
24
27
n.a.
n.a.
43
54
36
96
110
168
112
190
239
390
532
279
435
71
12
82
4,012
56
30
86
5,764
55
17
73
*
*
158
25
n.a.
n.a.
3
7
1
56
47
13
30
14
428
64
88
32
12
1
110
40
23
110
37
193
76
n.a.
n.a.
n.a.
53
n.a.
n.a.
24
lr
127r
33
11
131r
32
247r
85
n.a.
n.a.
n.a.
28
n.a.
n.a.
23
.444.,603
168
15
2
163
175
80
135
168
37
23
52
36
214
12
689
113
6
6
15
7
2,126
403~
3
113
42
39
94
37
172
96
2
25
3
59
%
19
1,268
w 13
2,057
10
138
14
10
157
163
73
154
205
33
20
68
36
236
21
730
110
6
4
16
____6__
2,208
420
50
216
37
24
22
*
31
117
10
21
15
3
208
95
31
119
17
____1_
1,017
2
138
27
41
80
45
184
95
2
32
2
73
44
12
11
1,087
15
1,891
33
4
4
70
27
39
361
50
587
2
27
33
39
374
— 8-4588
72
20
50
18
67
6,222
... w
6,216
246
186
208
246
6,266
186
6,408
208
6,582
-
3,119
3,414
*
4,012
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 far the following date.
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
158
5,922
5,998
192
6,551
6,386
4/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2 / Includes Algeria, Gabon, Libya, and Nigeria.
* Less than $500,000.
p Preliminary,
n.a. Not available.
U4
Treasury Bulletin
.CAPITAL MOVEMENTS
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of June 30, 1977
Preliminary
(Position in millions of dollars)
Country
Europe:
Austria.......................
Beljium-Luxembourg........... .
Denmark..... ..................
Finland.......................
Germany.......................
Greece.................. .....
Italy.........................
Netherlands....................
Spain.........................
Sweden........................
Switzerland....................
Turkey........................
United Kingdom..................
Yugoslavia.....................
Other Western Europe.............
Poland........................
Other Eastern Europe.............
Total Europe...................
Canada.........................
Latin America:
Argentina......................
Bahamas............ ............
Brazil........................
Chile.........................
Colombia....... ...............
Cuba.........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago ..............
Venezuela......................
Other Latin American Republics.....
Bermuda.......................
British West Indies..............
Netherlands Antilles.............
Other Latin America..............
Total Latin America..............
Asia;
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)........
Hong Kang......................
India.........................
Indonesia......................
Israel........................
Japan.........................
Korea.........................
Lebanon.......................
Malaysia......................
Pakistan......................
Philippines....................
Singapore......................
Syria.........................
Thailand......................
Other Asia.....................
Total Asia...... ..............
Africa:
Egypt.........................
(Thana.... ......... ...........
Liberia............. ..........
South Africa...................
Total
short-term
liabilities
Payable in
dollars
10
138
14
10
157
163
73
154
205
33
20
68
36
236
21
730
110
6
4
16
6
2.208
420
10
94
13
10
141
133
73
122
181
32
20
55
34
180
17
688
109
4
4
15
6
1.939
213
269
208
50
216
37
24
22
*
31
117
10
21
15
3
208
95
31
119
17
1
1,017
49
168
35
24
21
*
31
114
10
21
14
3
204
91
31
102
16
1
936
1
48
2
*
*
*
*
3
1
*
1
*
4
4
*
16
*
*
81
2
138
27
41
80
45
184
95
2
32
2
73
44
12
11
1,103
1,891
2
137
25
40
80
45
127
95
2
32
2
72
43
12
10
1,089
1,813
_
1
1
1
*
1
57
*
*
*
*
1
1
*
1
14
78
33
4
4
70
27
39
411
587
33
3
3
69
25
35
409
578
*
*
*
2
2
4
2
9
72
20
92
6,216
70
19
89
5,26*7
,2
1
170
*
170
6,3&
170
*
170
Payable in
foreign
currencies
1
44
1
*
16
30
*
32
24
1
*
13
2
56
4
42
1
2
*
1
*
Other countries:
All other......................
Total other countries............
Total foreign countries....... .....
International and regional:
* Less than $500,000.
"rl
........
S ,ffl
3
€>48
~'
.... .
64#
..
*
115
January 1978
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Austria.......... .
Belgium-Luxembourg...,
Denmark.......... .
Finland.......... .
France.........
Germany.......... .
Greece............
Italy............ .
Netherlands....... .
Norway............
Portugal......... .
Spam........... .
Sweden...;.........
Switzerland.......
Turkey............
United Kingdom.... .
Yugoslavia.........
Other Western Europe.,
Poland...........
U.S.S.R..........
Other Eastern Europe.,
Total Europe.
Canada......
Latin America;
Argentina................
Bahamas 2/...............
Brazil ."7................
Chile.....................
Colombia.................
Cuba....................
Ecuador..................
Mexico..................
Panama..................
Peru....................
Trinidad and Tobago........
Uruguay..................
Venezuela................
Other Latin American Republics.
Bermuda..................
British West Indies........
Netherlands Antilles £/.....
Other Latin America........
Total Latin America.,
348
20
152
236
3
*
475
*
949
1
250
1
1
n.a.
1
11
3
n.a.
1
2
4
n.a.
n.a.
340
Asia:
China, People's Republic of
(China Mainland)............ .
China, Republic of (Taiwan).... .
Hong Kong................... .
India.....................
Indonesia...................
Israel......................
Japan......................
Korea... ...................
Lebanon.....................
Malaysia....................
Pakistan....................
Philippines.................
Singapore...................
Syria........ ..............
Tnailand....................
Middle-East oil-exporting countries jj
Other Asia.......... ........
Total Asia.
Africa;
Egypt................
Ghana................ .
Liberia................
Morocco................
South Africa............
Zaire................ .
Oil-exporting countries £/»,
Other Africa............
Total Africa.
Othe^c^tries;
Australia....
All other....
Total other countries.
Total foreign countries.
6
481
*
n.a.
n.a.
n.a.
5
n.a.
n.a.
495
n.a.
n.a.
74
74
3,540
1977
1973
1974
1975
June
Sept.
2
213
38
*
55
361
20
152
207
*
*
3
5
573
*
983
*
*
n.a.
2,613
94
*
175
36
*
31
392
8
150
219
2
*
4
5
572
*
1,112
*
*
n.a.
*
1
266
29
*
24
474
1
144
218
1
*
5
30
590
*
1,236
*
1
n.a.
9
*
10
196
27
*
58
506
1
87
214
1
*
5
31
522
*
1,631
*
1
n.a.
19
*
*
187
29
*
47
425
1
71
233
*
*
6
32
467
*
1,516
*
1
n.a.
20
*
2,706
104
3,032
100
*,309
155
3,036
10
152
26
*
39
406
1
75
290
*
*
6
38
327
*
1,470
*
*
n.a.
20
*
2,858
166
1
343
1
1
*
—
n.a.
1
11
1
n.a.
1
2
4
n.a.
n.a.
18
1
385
1
471
1
1
1
—
n.a.
3
4
*
n.a.
*
1
7
n.a.
n.a.
5
9
505
1
177
3
1
1
—
n.a.
3
7
*
n.a.
*
1
7
n.a.
n.a.
7
7
216
1
238
4
1
1
n.a.
3
3
*
n.a.
*
2
6
n.a.
n.a.
29
11
299-
*
1
*
*
6
490
*
n.a.
n.a.
n.a.
5
n.a.
n.a.
*
*
*
1
*
*
8
512
*
n.a.
n.a.
n.a.
6
n.a.
n.a.
*
*
1
*
*
3
367
*
n.a.
n.a.
n.a.
6
n.a.
n.a.
*
1
503
2
531
*
n.a.
n.a.
*
*
-
1/
254
43
1976
Dec.
June p
Mar.
*
1
n.a.
16
*
2,725
6
173
31
*
32
391
1
57
272
*
*
5
35
178
3
1,388
*
1
*
83
*
2,655
6
178
27
*
29
370
1
46
262
1
*
5
35
177
4
1,274
*
1
*
83
*
111
89
82
81
1
184
5
1
1
n.a.
6
4
*
n.a.
*
2
7
n.a.
n.a.
27
13
250
1
157
5
1
1
—
n.a.
7
3
*
n.a.
*
2
7
n.a.
n.a.
27
47
257
163
5
1
1
—
n.a.
17
2
*
n.a.
*
2
9
n.a.
n.a.
23
46
270
163
5
1
1
—
*
21
2
*
_
*
3
8
2
42
21
1
272
*
1
1
*
*
4
397
*
n.a.
n.a.
n.a.
7
n.a.
n.a.
*
*
1
1
*
*
4
388
*
n.a.
n.a.
n.a.
8
n.a.
n.a.
*
*
1
1
*
*
4
*
n.a.
n.a.
n.a.
8
n.a.
n.a.
*
*
1
1
*
*
5
397
*
n.a.
n.a.
n.a.
8
n.a.
n.a.
1
*
1
2
*
*
5
413
*
*
*
*
1
*
_
82
460
87
496
87
489
82
498
9
423
*
n.a.
n.a.
*
6
-
*
n.a.
n.a.
*
4
-
*
n.a.
n.a.
*
*
*
*
n.a.
n.a.
*
*
*
*
n.a.
n.a.
*
*
*
*
n.a.
n.a.
*
1
*
6
6
1
8
1
6
2
2
1
2
1
2
1
2
1
*
2
3,603
32
*
64
*
64
*
33
3,886
64
*
65
3,877
64
4,004
64
3,791
57
1
58
..3,5&7
58
1
. 59
3,504
*
“
~
—
*
3,886
“
—
—
3,877
“
“
-
3,567
-
-
3,504
3,331
66
*
66
4,327
402
6
171
31
*
34
396
1
69
277
1
*
5
38
260
1
1,420
If
fI
2,499
1
167
7
1
1
“
*
23
2
*
*
3
9
39
20
*
.... m .
*
1
2
*
*
5
*
432
384
*
*
*
*
1
*
1
11
1
406
*
*
*
*
1
*
*
1
*
1
;1
1
1
3
*
2
59
8
.... 67
laternational and regional;
International..........
European regional.... .
Latin American regional.,
Asian regional....... .
African regional..... .
Total international and regional.,
Grand total................ .
-
3,540
«•
3,603
Data on the two column shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
”
—
4,327
—
—
—
4,008
“
—
3,791
U Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
J5/ Includes Algeria, Gabon, Libya, and Nigeria.
* Less than $500,000.
p Preliminary,
n.a. Not available.
3,331
-
116
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
(In millions of dollars)
Short-term elaims
End of
calendar year or
quarter-end month
1/
1957.,
1958.,
1959.,
Total claims
Total
JiL
947
943
1,009
I960 2/.....
’1,775
1,859
1961-Mar. 2/..
{ 1,701
'1,895
{ 1,934
’2,099
( 2,117
June 2/,.
Sept. ZJ .
Dec....
1962-June £/..
Dec. 2/..
1963-Mar. 2/..
1,633
2,138
1964-June 2J *.
Dec. g /..
(2)
777
720
Payable in foreign currencies
Deposits with banks
Other short-term
abroad in reporter's claims payable in
own name
foreign currencies
Long-term
claims
705
(3)
637
568
605
(4)
78
88
68
(5)
63
63
32
1,432
1,505
1,248
1,305
824
875
939
968
58
71
76
89
549
560
233
248
344
354
385
396
1,496
1,528
1,181
1,208
122
126
193
194
399
406
1,646
1,664
1,323
1,340
131
132
192
192 J
453
1,636
1,335
150
151
502
(6)
170
223
304
02,678
”2,809
02,867
1,807
1,974
1,475
1,598
178
208
153
168
636
704
2,051
2,098
1,625
1,668
214
217
212
212
758
769
"2,929
2,979
2,113
2,162
1,712
1,758
201
204
200
200 J
816
2,282
1,877
222
183
f 766
^ 882
2,854
2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
* 3,297
^ 3,245
2,482
2,430
2,000
1,952
220
219
262
260
'3,738
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
'2,443
June 2/..
Dec. £/..
Panrohla x
*?xni
rajraOlc
dollars
0 3,934
*3,565
J
815
3965 2/.....
0^3,438
1966........
3,884
2,628
2,225
167
236
1,256
1967 2/.....
"4,483
^4,581
2,946
3,011
2,529
2,599
201
203
216
209
1,537
1,570
1968..,.....
5,572
3,783
3,173
368
241
1,790
1969 2/.....
' 5,925
^6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
4,160
3,579
234
348
2,950
'8,303
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
5,723
6,294
5,074
5,643
4U
393
238
258
3,370
3,666
7,584
394
548
539
4,057
439
468
545
569
674
197 0
1971 2/,......
1972 2/.....
08,068
^9,094
09,960
1973.,
1974.,
1975.
12,529
15,806
17,058
1976-June..,
Sept...
Dec....
1977-Mar....
June p.,
18,802
18,171
19,081
19,836
20,967
8,471
11,263
10,2a
12,136
11,031
493
473
566
13,820
12,823
12,104
13,169
13,943
15,018
558
592
442
431
448
13,164
14,156
14,943
16,140
Note: Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
4,544
4,922
4,982
5,006
4,925
4,894
4,827
for earlier quarter ends when the reporting coverage changed.
ZJ Data on the two lines shown for this date differ because of changes
p
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
Preliminary.
January 1978
117
_________________________ CAPITAL MOVEMENTS_____________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1977
1976
Country
1972 1/
Europe:
Austria.....................
Belgium-Luxembourg.............
T)enTnni»1r..... ............
Finland.....................
France......................
Greece......................
Italy.......................
Netherlands..................
Norway......................
Portugal.....................
Spain.......................
Sweden......................
Switzerland..................
Turkey.................. .
United Kingdom................
Yugoslavia...................
Other Western Europe...........
Poland............. .
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America:
Argentina....................
Bahamas £/....................
Chile.......................
Colombia.....................
Cuba........................
Ecuador.....................
Mexico......................
Panama......................
Peru........................
Trinidad and Tobago............
Venezuela....................
Other Latin American Republics....
Bermuda......................
British West Indies............
Netherlands Antilles 2/.........
Other Latin America............
Total Latin America............
Asia:
China, People’s Republic of
(China Mainland)............
China, Republic of (Taiwan)......
Hong Kong....................
India.......................
Indonesia....................
Israel......................
Japan.......................
Korea.......................
Lebanon.....................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore....................
Syria.......................
Tnailand..................... ^
Middle-East oil-exporting countries4*
Other Asia................... J
Total Asia...................
Africa:
Egypt.......................
Ghana....... ................
Liberia......................
Morocco.....................
South Africa..................
Zaire....................... ^
Oil-exporting countries 5/.......
Other Africa.................. J
Total Africa..................
Other countries:
Australia....................
All other....................
Total other Countries...........
Total foreign countries...........
International andje^ional:
African regional...............
Total international and regional....
1973
1974
1975
June
Sept.
Dec.
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
n.a.
23
19
2,309
899
19
73
29
25
209
190
35
187
81
16
19
153
57
82
48
1,213
12
12
n.a.
23
19
2,502
960
17
106
46
44
278
280
51
230
108
18
49
242
71
102
25
1,545
36
15
n.a.
77
27
3,368
1,235
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
1,847
22
21
n.a.
91
50
4,450
1,613
16
133
39
81
291
355
33
380
167
41
44
407
62
242
27
1,903
36
14
n.a.
150
70
4,490
2,107
17
193
30
131
363
358
47
335
146
52
22
432
84
270
31
2,602
28
14
n.a.
96
75
5,326
2,201
21
195
26
135
413
492
56
358
142
43
28
336
62
253
23
2,365
30
17
n.a.
81
79
5,151
2,196-
21
I62r
56
77
426
378
51
384
166
51
40
369
90
241
25
2,445
26
20
n.a.
156
85
5,269
59
520
175
33
41
1
n.a.
180
19
40
n.a.
4
89
91
n.a.
n.a.
12
23
1,289
55
662
170
25
39
1
n.a.
181
85
36
n.a.
4
92
95
n.a.
n.a.
13
42
1,500
47
626
232
34
40
1
n.a.
238
61
47
n.a.
5
134
140
n.a.
n.a.
13
222
1,840
67
594
468
106
54
1
n.a.
308
131
44
n.a.
5
193
199
n.a.
n.a.
20
147
2,335
58
667
409
36
49
1
n.a.
362
91
41
n.a.
4
176
159
n.a.
n.a.
12
303
2,367
43
1,150
462
46
57
1
n.a.
332
101
39
n.a.
4
186
188
n.a.
n.a.
10
436
39
940
417
26
66
1
n.a.
352
83
35
n.a.
22
215
182
n.a.
n.a.
9
444
3,055
2,831
44
1,384
682
34
59
1
n.a.
332
74
42
n.a.
5
194
276
n.a.
n.a.
9
4a
3,579
*
67
24
33
33
31
456
63
n.a.
n.a.
n.a.
49
n.a.
n.a.
15
*
65
36
33
48
31
508
67
n.a.
n.a.
n.a.
59
n.a.
n.a.
15
11
121
48
37
56
38
943
104
n.a.
n.a.
n.a.
73
n.a.
n.a.
19
17
138
62
37
92
44
1,230
201
n.a.
n.a.
n.a.
97
n.a.
n.a.
24
60
162
110
39
140
54
1,132
262
n.a.
n.a.
n.a.
96
n.a.
n.a.
22
16
212
104
51
143
53
1,170
129
n.a.
n.a.
n.a.
114
n.a.
n.a.
19
5
134
88
53
179
48
1,010
142
n.a.
n.a.
n.a.
93
n.a.
n.a.
23
201
972
201
1,065
239
1,689
384
2,326
549
2,625
692
2,703
625
2,401
568
2,282
7
n.a.
n.a.
3
53
5
6
n.a.
n.a.
4
52
8
9
n.a.
n.a.
3
62
18
15
n.a.
n.a.
7
101
24
22
n.a.
n.a.
10
93
24
28
n.a.
n.a.
12
83
25
36
n.a.
n.a.
9
78
28
28
n.a.
n.a.
10
87
21
73
140
90
160
124
216
225
372
256
405
230
378
255
406
247
392
94
20
114
5,723
83
23
107
6,294
97
25
123
, 8,471
116
49
165
11,262
100
56
155
13,819
112
67
178
13,163
*
*
*
*
1
5,723
*
*
*
*
*
*
*
*
*
*
*
*
' *
*
1
*
*
*
*
1
*
1
*
8,471
11,263
13,820
13,164b
-
1
6,294
1/ Data on the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam includes with Netherlands Antilles.
102
39
141'
12,135
*
*
*
1
12,136
-
1
June
Mar.
23
3.70
48
40
422
367
90
473
172
42
35
325
93
154
32
2,475
30
18
69
105
35
5,218
2,432
2,464
46
1,869
535
35
75
1
34
317
105
32
13
6
214
1%
726
14
11
27
218
40
90
402
377
86
439
182
42
30
322
92
179
37
3,027
27
15
74
76
28
5,808
2^570
51
2,231
457
28
72
1
39
301
120
28
11
5
245
186
175
911
8
60
4,400
4,928
..
7
130
107
35
206
130
15
19
18
84
43
7
27
8
131
93
51
184
70
934
158
18
24
23
87
40
10
22
*43.
2,314
45
2,318
70
3
51
12
80
19
,82
113
429
24
5
41
9
69
17
91
111
368
105
65
170
34,155
111
36
347
14,940
106
40
145
16,139
*
1
*
*
2
1
*
*
*
1
*
-
-
1
14,156
2
14,943
3
197
96
55
185'
a
912
117
n.a.
n.a.
n.a.
86
n.a.
n.a.
22
&
^
(
fr
^
,4/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States),
5/ Includes Algeria, Gabon, Libya, and Nigeria,
p Preliminary.
* Less than $500,000.
n.a. Not available.
422
-
1
16,140
118
Treasury Bulletin
.CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of June 30, 1977
Preliminary
(Position in millions of dollars)
Country
Europe;
Austria.......................
Beljium-Luxembourg..............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands.....................
Norway........................
Portugal......................
Spain... .....................
Sweden........................
Switzerland....................
Turkey........................
United Kingdom...... ...........
Yugoslavia.....................
Other Western Europe.............
Poland... .....................
Other Eastern Europe.... .........
Total Europe...................
Canada.........................
Latin America:
Argentina......................
Bahama*?.....,
4**..**^
Brazil........................
Chile.........................
Colombia......................
'Cuba.........................
Ecuador.......................
Mexico........................
Panama........................
Peru.........................
Trinidad and Tobago .............
Uruguay.......................
Venezuela......................
Other Latin American Republics.....
Bermuda.......................
British West Indies..............
Netherlands Antilles.............
Other Latin America..............
Total Latin America..............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)........
Hong Kong......................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Lebanon.......................
Malaysia......................
Pakistan......................
Philippines....................
Singapore......................
Syria.........................
Thailand......................
Other Asia.....................
Total Asia.............. .......
Egypt.........................
Liberia.......................
Morocco.......................
South Africa... ................
Other Africa...................
Total Africa...................
Other countries:
Australia......................
Total other countries............
Total foreign countries............
International and regional:
International..................
Latin American regional...........
Asian regional..................
African regional................
Total International and regional....
* Less than $500,000.
Total
short-term
claims
Payable xn foreign currencies
Deposits with
Other short-term
banks abroad
claims payable in
in reporter's own name
foreign currencies
Payable in
dollars
21
118
38
89
390
336
84
433
161
35
29
304
88
138
36
2,967
26
12
72
75
28
5.482
2,166
*
87
1
*
2
16
1
2
14
2
*
14
1
27
1
33
*
1
*
*
*
202
62
5
13
1
*
10
25
1
5
7
4
*
4
3
13
*
27
1
1
1
1
1
124
342
120
28
11
5
245
186
175
911
8
60
4,928
50
2,169
440
27
70
*
39
290
119
26
9
5
233
175
175
911
7
59
4,806
*
62
14
*
1
1
*
1
1
2
1
*
7
6
*
*
1
97
*
*
2
*
1
*
10
1
1
1
*
4
5
*
*
*
*
26
8
131
93
51
184
70
934
158
18
24
23
87
40
10
22
466
8
128
87
45
183
68
735
155
17
24
22
85
37
9
20
453
1
1
4
*
*
57
1
*
*
*
1
1
*
*
8
*
2
5
1
1
1
2,318
2,077
75
166
24
5
41
9
69
17
202
368
22
2
41
8
62
13
196
345
2
2
*
*
2
2
3
11
1
1
*
1
6
2
3
13
3.06
40
145
102
38
141
1
*
1
16,139
15,017
448
2
1
4
674
*
1
*
1
16,140
*
1
*
_
-
-
-
-
-
27
218
40
90
402
377
86
439
182
42
30
322
92
179
37
3,027
27
15
74
76
28
5.808
2,570
51
2,231
457
28
72
1
39
301
1
i$,6i3"
-
™
.........44*.......
141
2
1
*
*
1
3
*
1
6
-
674
January 1978
119
.CAPITAL M OVEM ENTS,
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
(In millions of dollars)
End of
calendar year
or month
Payable in dollars
Deposits
Total
short-term
liquid
claims
(1)
Total
(2)
691
625
805
901
985
1,306
1,068
1,222
1965 2/.
1966....
1967 2/.
1968....
1969 2/.
1970....
1971 2/.
1972 2/.
1973....
1974....
1975....
1976....
1976- Oct..
Nov.,
Dec.,
1977-Jan..
Feb..
Mar.,
Apr.,
May.,
June,
July.
Aug.
Sept.
Oct.,
Demand
(3)
19
19
58
Time
(4)
557
549
699
702
786
1,192
66
66
28
1,446
1,910
2,641
2,660
2,604
2,591
3,042
2,710
4.415
3,858
4,1414.415
4,325
4,607
5,321
5,125
6,264
7,357
7,739
6,846
7,591
6,618
6,975
6,117
6,815
133
133
87
116
161
150
177
178
332
250
269
69~7
1,092
1,078
4.788
^249
4,"529
4.788
4,69-3
4,984
5,776
5,707
6,786
6,896.
Total
951
1,062
847
1,295
1,205
1,615
1,966
6,451
6,441
7,481
7,685
Short-term
investments 1/
(5)
114
57
48
(6)
227
219
373
391
387
373
368
377
455
582
523
471
424
501
408
453
6,424
6,195
6,474
5,709
6,362
Note:
Data represent the liquid assets abroad of large nonbanking
concerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readilytransferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
40
50
51
49
59
49
49
60
76
86
121
120
68
69
77
77
294
354
302
350
408
174
183
173
234
234
307
340
544
697
431
429
113
268
757
680
710
623
680
511
246
394
478
408
394
720
711
675
733
695
790
739
764
729
776
411
396
373
423
361
389
352
394
356
374
203
127
169
55
37
69
332
Payable in foreign currencies
Deposits
Short-term
Time
Demand
investments 1/
(8)
(9)
(7)
45
"50"
86
88
45
42
68
232
216
286
308
315
302
310
334
401
387
370
373
402
from the date on which the obligation was incurred by the foreigner'
Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line
are comparable to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
Calendar year
1977
Country
1972
Belgium-Luxembourg..... .....
France....................
Germany.......... ......
Italy.....................
Netherlands................
Switzerland................
United Kingdom. ............ ..
Canada....... ............ .
Bahamas l/„........... .
34
25
13
17
2
21
912
535
562
1973
51
18
10
16
6
6
1,128
775
5$7
1974
1976
1975
15
1,350
68
1,306
67
33
25
3
16
72
1,837
967
1,156
1,539
23
3
10
4.
12
63
12
29
3
14
546
391
June
130
65
22
1
19
28
2,318
1,653
July
Aug.
Sept.
Oct.
133
49
26
187
39
17
147
25
46
104
33
76
55
26
2,3.23
1,725
16
27
2,194
19
34
1,781
31
1,823
1,930
1,607
1,936
2,225
2
11
2
10
21
1,264
2,115
2,113
149
139
1,753
147
2,361
153
Japan............ ..........
137
299
398
345
113
184
All other countries 2/ ........
114
279
184
256
498
1,151
957
963
1,276
1 ,033
Total.....................
2,373
3,185
3,357
3,799
5,468
7,685
7,357
7,739
6,846
7,591
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 /
T h r o u g h D e c e m b e r 3 1 , 1 9 7 2 ,* B e u n i d a i n c l u d e d w i t h 1
2/
Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
120
Treasury Bulletin
CAPITAL MOVEMENTS_____________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of October 31, 1977
(Position in millions of dollars)
Payable in dollars
Country
Belgium-Luxembourg...........
Germany....................
Italy.....................
Netherlands...... ..........
Switzerland................
1
United Kingdom..............
Total
short-term
liquid
claims
Total
Deposits
(1)
114
(2)
(3)
32
32
33
76
10
33
52
15
52
9
9
21
3
1
1,823
3
1
1,759
1,746
1,936
1,568
1,168
31
Payable in foreign currencies
Short-term
investments 1/
(4)
Total
Deposits
(6)
(5)
Short-term
investments 1/
(7)
83
*
83
*
*
25
1
18
30
37
-
13
25
1
18
30
65
28
400
369
52
316
17
-
Bahamas....................
2,361
2,329
2,329
-
32
32
-
Japan.....................
153
54
50
4
99
42
57
All other countries 2/.......
1,033
978
958
20
55
Total.....................
7,591
6,815
6,362
453
776
Note:
Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on foreigners
reported by nonbanking concerns in the United States that are included
in the series published in Tables CM-17-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
....
55
*
3?4
402
on demand or having a contractual maturity of not more than one year
from the date on which the obligationwas incurred by the foreigner.
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
* Less than $500,000.
121
January 1978
___________________________ CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
1976
Calendar year
Country
1972 1 /
1975
June
1973
1974
8
15
1
7
53
23
21
40
280
12
9
46
42
44
3
364
11
4
n.a.
11
11
1,007
1,283
12
45
*
6
57
37
15
41
217
6
6
47
42
59
2
332
6
3
n.a.
11
17
12
44
1
12
57
35
12
36
211
14
14
23
47
56
2
310
10
3
n.a.
17
15
963
1,421
Sept.
1977
Dec.
June p
Mar.
Europe:
Belgium-Luxembourg........ .
Finland.......................
France......................
Germany......................
Greece..... ......... .......
Italy.......................
Portugal.... ,............ .
Sweden.............. „.......
Switzerland........ ...........
Turkey.......................
United Kingdom............... ..
Yugoslavia.... ...............
Other Western Europe...........
Poland......... .............
Other Eastern Europe...........
Total Europe..................
Canada................ .......
Latin America:
Argentina....................
Bahamas 2/ ..................
Brazil......................
Chile................ .......
Colombia................. ....
Cuba........................
Ecuador.....................
Panama.......................
Peru........................
Trinidad and Tobago............
Uruguay......................
Venezuela....... .
Other Latin American Republics....
Bermuda......................
British West Indies... .........
Netherlands Antilles 2 / .......
Other Latin America..... .......
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)......
Hong Kong.....................
India.......................
Indonesia....................
Israel................ ......
Japan.......................
2
4
7
6
22
7
53
54
343
25
13
70
34
28
15
163
16
11
n.a.
*
7
878
833
7
7
7
6
26
7
43
45
364
28
16
65
34
29
27
191
16
13
n.a.
*
5
935
1,141
8
10
2
6
43
9
37
56
339
30
13
55
25
52
26
290
16
7
n.a.
20
9
1,051
1,164
59
8
184
236
30
9
n.a.
60
36
16
n.a.
4
30
223
n.a.
n.a.
*
7
902
60
29
187
238
32
9
n.a.
64
35
16
n.a.
4
30
241
n.a.
n.a.
*
13
955
48
131
145
254
12
9
n.a.
79
49
18
n.a.
18
38
239
n.a.
n.a.
1
20
1,061
39
1
17
28
74
156
85
n.a.
n.a.
n.a.
63
n.a.
n.a.
16
40
1
16
32
75
133
65
n.a.
n.a.
n.a.
63
n.a.
n.a.
4
Lebanon.....................
Malaysia.....................
Pakistan...... ......... .
Philippines..................
Singapore....................
Syria......... ........... .
Tnailand......................
Middle-East oil-exporting countries 4
Other Asia................... '}
«
Total Asia.......... ........ .
562
Africa!
Egypt.......................
4
n.a.
Ghana..................... .
Liberia........ .............
n.a.
*
Morocco................... .
9
South Africa..................
Zaire....................... ^
1
Oil-exporting countries 2 / ......
Other Africa.................... J
72
Total Africa... ........
87
Other counties:
Australia...... ..............
100
A H other.... ......... .
5
Total other countries...........
105
Total foreign countries...........
3,366
International and regional:
European regional....,....... .
Latin American regional..........
African regional.... .... .
Total international and regional... .
4
*
.... i .
3,370
929
7 1,511
13
39
1
16
58
73
10
36
211
14
13
26
47
54
1
245
10
3
n.a.
17
13
901
1,507
1,530
1,475
11
33
1
17
63
76
5
30
147
14
21
47
50
43
6
221
7
2
7
19
6
829
1,486
44
19
187
435
13
9
n.a.
153
112
19
n.a.
18
154
217
n.a.
n.a.
3
7
1,391
38
8
172
315
18
9
n.a.
216
115
26
fc.a.
18
459
217
n.a.
n.a.
21
8
1,640
35
37
165
306
20
9
n.a.
187
133
29
n.a.
18
358
284
n.a.
n.a.
20
7
1,609
119
37
172
244
23
9
n.a.
219
138
33
n.a.
19
302
289
n.a.
n.a.
28
6
1,637
106
36
133
248
33
9
n.a.
195
110
40
n.a.
20
273
287
n.a.
n.a.
27
6
1,521
97
34
125
210
32
9
15
180
126
38
6
19
298
267
4
2
26
1
1,489
83
34
125
208
32
9
19
178
121
39
7
19
294
257
4
2
26
1
1,457
10
54
4
15
37
92
125
91
n.a.
n.a.
n.a.
85
n.a.
n.a.
8
46
7
11
33
123
112
164
n.a.
n.a.
n.a.
83
n.a.
n.a.
6
52
3
7
24
122
90
197
n.a.
n.a.
n.a.
78
n.a.
n.a.
5
48
3
6
23
161
85
198
n.a.
n.a.
n.a.
92
n.a.
n.a.
7
48
3
6
34
170
80
224
n.a.
n.a.
n.a.
86
n.a.
n.a.
6
34
2
6
89
172
77
228
n.a.
n.a.
n.a.
89r
n.a.
n.a.
5
42
3
5
66
187
96
220
12
7
9
117
10
_
4
81
511
93
613
94
681
91
669
89
712
82
739
73
775r
38
3
5
62
194
108
197
20
7
9
140
9
_
2
32
3
831
4
n.&.
n.a.
*
2
1
4
n.a.
n.a.
*
22
2
3
n.a.
n.a.
1
17
8
*
n.a.
n.a.
1
31
12
*
n.a.
n.a.
1
21
11
3
n.a.
n.a.
*
23
11
2
n.a.
n.a.
1
26
10
78
86
87
115
98
127
125
168
130
163
128
165
147
187
29
5
34
3,662
32
17
49
4,054
29
20
49
4,538
35
19
55
4,916
34
19
53
4,976
33
19
52
5,001
_
6
_
6
_
-
_
4
_
4
3,666
_
_
4
_
... A .
4,057
1/ Data an the two columns shewn for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown far the following date.
2/ Through December 31.1972, Bermuda included with Bahamas.
5
_
5
4,544
6
4,922
6
4,982
11
37
1
17
59
72
9
34
156
17
13
33
50
57
1
240
10
2
n.a.
20
15
11
38
1
18
65
84
7
34
154
16
12
44
52
53
10
207
8
2
8
18
7
sb J I L -
r
{
1
817
2
«
96
1
24
11
*
55
*
65
199
25
10
1
67
158
33
17
51
4,917k
34
18
52
4,878
34
17
51
4,812
_
6
«.
7
_
16
-
7
4,925r
_
6
5,006r
r
(
16
4,894
16
_
16
4,827
2 / Through December 31, 1975, Surinam included with Netherlands Antilles,
i J Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
j>/
Includes Algeria, Gabon, Libya, and Nigeria.
p
Preliminary.
*
Less than $500,000.
n.a. Not available.
122
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States
Marketable Treasury bonds and notes
Corporate and other securities
U.S. Gov’t, corporations ant
Federally-sponsored agencies
Bonds 1/
Net foreign purchases
Calendar year
or month
(1)
l9
195 9
689
196 0
127
1961........
512
1962........ . -728
196 3
.
671
196 4
. -338
196 5
.
-76
196 6
. -616
196 7
.
-43
1968..'.......
-489
196 9
.
-45
197 0
56
197 1
1,672
197 2
3.316
197 3
305
-472
197 4
197 5
1,995
197 6
8,096
1977-Jan.-Nov.p, 21,845
576
1976-No v
Dec.....
735
1977-Ja n
510
Feb..... 1,505
Mar..... 1,076
Apr.....
-28
May.....
886
June.... 2,451
July.... 1,238
Aug..... 4,151
Sept...... 3,483
Oct. p.... 3,257
Nov. p.... 3.317
Foreign countries
UiTiciar Other
insti
foreigntutions
(2)
eP?3)
-237
524
-98
-20
-207
369
36
-59
-20
95
-245
56
48
30
-380
51
-115
59
123
-41
1,661
-119
3,281
-22
465
5
-642
69
1,612
203
5,117
277
776
19,726
340
421
43
7
229
709
1,251
1,253
1,152
1,962
21
23
73
111
24
168
1,048
3,696
2,493
3,052
2,881
59
100
71
65
61
Gross
Inter
national foreign
and
purchases
regional
(5)
(4)
1,224
273
1,217
165
1,730
224
532
1,744
-521
1,780
302
1,867
-315
1,149
-151
1,077
-427
680
-121
585
-161
443
11
528
-25
691
130
2,414
57
4,358
-165
2,738
101
3,382
180
8,898
2,702
25,610
37,428
1,342
4,021
193
307
3,790
261
773
-248
-1,392
-291
321
130
354
919
141
375
1,932
3,099
3,000
2,424
1,909
3,556
1,592
5,456
4,626
4,846
4,987
Gross
Gross
Gross
Gross Net
Gross Net
Net
Gross
Gross
foreign foreign foreign foreign
foreign foreign foreign
foreign foreign foreign
purchases purchases sales purchases purchases sales purchases purchases sales
sales
(6)
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
2,433
3,854
6,903
17,514
15,583
(7)
n. a.
n.a.
n.a.
n. a.
n. a.
n.a.
n.a.
n.a.
n. a.
n. a.
n. a.
n.a.
n. a.
n.a.
n.a.
n.a.
n.a.
n. a.
n.a.
2,667
(8)
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.
4,121
3,444
3,055
n. a.
n. a.
n. a.
n. a.
1,422
83
-5
92
320
92
414
301
342
-1
526
504
1,594
1,925
2,452
1,024
1,105
355
1,306
1,143
1,589
1,670
1/ Data include transactions in issues of states and municipalities. Through
December 1976, data also included transactions in issues of U.S. Government
corporations and federally-sponsored agencies.
(9)
n.a.
nfa.
n. a.
n. a.
n.a.
n.a.
n.a.
' n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n. a.
n. a.
n.a.
n.a.
n.a.
1,454
n.a.
n.a.
(10)
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,881
1,961
1,039
766
1,207
1,576
(11)
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,284
-4
58
156
432
280
653
59
64
65
112
187
239
434
398
264
690
614
134
56
264
164
111
-5
325
46
312
185
168
166
121
121
123
13
360
533
258
476
192
451
329
323
318
317
142
10
240
252
129
(12)
344
296
392
416
359
(13)
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,790
540
(14)
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,767
7,636
(15)
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
1,708
4,678
15,355
2,753
2,378
18,227
12,910
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
7,096
10,678
15,475
10,532
364
524
-49
274
977
1,562
1,025
1,287
253
150
146
138
144
155
152
196
119
129
116
299
134
129
236
229
248
211
123
165
222
382
1,430
1,167
1,105
1,142
1,207
1,196
1,131
1,032
976
906
978
948
1,162
900
847
752
899
246
1,373
1,023
1,012
973
1,281
p Preliminary,
n.a. Not available.
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
1 1
2td
-
(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
Calendar year
purchases
Gross
foreign
Gross
foreign
Net
foreign
Gross foreign
Net
foreign
or month
of foreign
sales
purchases
purchases
purchases
purchases
securities
(5)
(6)
(2)
(3)
(4)
(1)
1,915
-336
467
-1,026
889
-1,363
1,458
-238
566
-512
946
-750
-562
1,445
-83
509
883
-645
1,262
-370
802
596
-460
-830
2,037
702
-104
-1,048
1,093
-944
2,086
696
51
-1,095
991
-1,044
200
-928
915
748
-728
1,843
290
1,198
2,440
906
-1,242
-953
2,692
1,778
960
229
-685
-914
3,187
-157
880
-1,320
2,024
-1,163
2,306
3,686
1,252
-1,380
-1,695
-314
1,552
2,581
-517
1,519
-1,547
-1,029
1,490
35
-951
-915
1,033
2,441
2,621
1,687
-49
1,385
-935
-984
1,901
2,932
409
2,532
-622
-1,031
176
2,467
-818
1,729
-993
1,474
-2,218
1,036
1,907
184
3,254
-2,034
8,708
-188
-6,326
1,542
2,383
-6,514
13,662
-8,730
1,937
4,932
-323
-9,053
-4,660
7,603
12,263
-463
-5,123
1,974
1976-Nov.................
-482
-481
455
936
-2
167
Dec.................
-1,396
-1,400
670
2,070
4
217
1977-Jan.................
-90
-71
819
890
-19
181
Feb.................
-481
581
-373
954
-109
130
Mar.................
-123
-58
629
687
-65
183
Apr............ .....
-10
-53
606
616
-43
153
May.................
-878
-866
607
-12
1,473
200
June.................
-824
-765
636
1,401
-60
169
m y ................
-469
-205
786
991
-265
159
-1,066
-1,003
852
1,854
-63
169
Sept.................
-646
-677
701
1,377
30
168
Oct. p...............
-278
1,075
106
247
-356
m
944
34
214
p
Preliminary.
Gross foreign
sales
(7)
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1,723
1,730
2,259
2,437
168
213
199
238
249
197
211
229
423
232
138
iio
January 1978
123
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
Calendar Year
Country
Europe:
Austria......................
Belgium-Luxembourg.............
Denmark.....................
Finland.....................
France......................
*
3
*
17
-3
206
*
*
4
*
*
-8
5
*
Italy.......................
Netherlands..................
Norway......................
Portugal.....................
Spam.......................
Sweden......................
Switzerland..................
Turkey.... .................
United Kingdom................
Yugoslavia...................
Other Western Europe...........
Poland......................
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America:
Argentina....................
Bahamas.....................
Brazil......................
Chile.......................
Colombia.....................
Cuba........................
Ecuador.....................
Mexico......................
Panama.... ..................
Peru........................
Trinidad and Tobago............
Uruguay......................
Venezuela....................
Other Latin American Republics....
Bermuda... ..................
British West Indies............
-1
10
5
4
*
*
39
*
*
25
26
_
-129
16
-4
*
70
5
n.a.
_
*
96
131
7
n.a.
_
*
*
*
*
n.a.
*
*
n.a.
*
*
n.a.
n.a.
*
*
*
*
*
200
-317
*
10
1
-3
1
5
_
-1A
29
1,978
*
18
53
549
*
-5
272
_
-3
10
-2
11
*
*
-85
206
*
*
*
-1
4
_
*
46
*
-19
-
18
5
*
711
59
141
17
-
*
60
-
*
10
8
18
*
_
516
-29
*
-34
28
397
-
*
-
5i
-
-1
*
3,859
378
192
-
-583
-10
1
20
116
1
58
4,123
|
3,954
f
I
^
*
170
879
8,777
-
*
_
*
-194
*
221
-194
-
*
*
*
1,814
*
*
*
5,393
-1
4
20,502
225
2,584
1,370
221
_
_
-
-
-
-
119
2.702
8,096
-28
1
-3
-3
2,131
'
^342
21,845
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
-
25
112
2/
p
*
*
-
12
_
-10
*
*
13
3
*
609
77
*
_
_
*
*
_
_
_
*
3
779
-17
-
-
1
-11
*
*
_
*
*
9
-
3
-1
_
*
323
8
-2
10
_
589
5
5
*
18
864
-
20
-14
-
533
-
161
-
160
1,504
870
671
1,488
-
_
-
_
_
-
_
_
69
-
-
-
-
69
4
4
2,564 i
1
1
3,116
I
-13
-13
2,942
929
-
141
141
3,257
10
*
_
-
*
-10
-10
22
-1
*
-1
1,108
3,796
87
42
-
390
-
321
130
-36
354
2,451
1,238
4,151
321
1,4^9
_
54
284
-
_
5
-44
180
1,995
*
*
-
*
*•
-
9
_
n.a.
_
*
-
*
*
*
_
32
206
_
n.a.
*
•*
170
*
*
-
1
112
594
77
3,887
*
-1
*
-
*
_
*
*
*
_
32
-
-43
-
2
2
_
_
_
*
-3
_
*
_
1
90
*
*
-25
4
*
•*
*
_
*
*
*
*
*
_
_
3
*
-1
_
1,682
*
8
_
*
_
-31
_
2,256
5
-1
-1
11
_
*
-14
2,134
_
5
_
_
2,440
~
-5
*
145
-21
1,400
6
-7
_
1,539
_
_
_
8
1
*
n.a.
n.a.
10
*
*
_
_
_
953
*
_
*
*
-4
576
~
101
1
10
-
_
_
4
208
*
*
86
1
1
1
110
_
_
_
1,238
*
*
*
2
*
_
*
3
Nov. p
-1
130
10
-37
_
11.672
37
*
Oct. p
-4
581
-
878
_
101
*
-227
*
n.a.
n.a.
31
*
f 1,797
\
1,660
*
_
_
_
46
*
*
-
_
1,009
_
*
*
*
*
*
*
78
*
-
11
Sept.
8,934
122
_
114
n.a.
_
*
1,245
-139
*
1
_
5
-2
1
10
-91
214
Aug.
149
*
74
*
_
_
623
1
July
June
*
*
153
*
*
*
35
-18
-15
*
50
3
20
1
81
Other Latin America............
_? ,
86
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)......
*
Hong Kong....................
india.......................
Indonesia....................
*
Israel......................
Japan.......................
-1,054
Korea.......................
n.a.
Lebanon.....................
n.a.
Malaysia.....................
n.a.
Pakistan.....................
*
Philippines..................
n.a.
Singapore....................
n.a.
Syria........................
Tnailand.....................
Middle-East oil-exporting countries 2/\
j
200
Other Asia...................
Total Asia...................
-854
Africa:
-1
Egypt.......................
n.a.
Ghana.......................
n.a.
Liberia.....................
_
Morocco.....................
*
South Africa..................
*
Zaire.......................
Oil-exporting countries 2 / ....... h
Other Africa..................
)
-5
Total Africa.................. J
Other countries:
Australia....................
-25
All other....................
Total other countries... ........
-25
■ w
Total foreign countries...........
International and regional:
96
European regional..............
5
Asian regional................
101
Total international and regional....
-472
Grand total..................
1/
2/
1976
1975
1974
1977
1977
through
Nov. p.
-
-10
919
3,483 j
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
n.a. Not available
375
-
375
3,317
124
Treasury Bulletin
Table CM-V-4.
CAPITAL MOVEMENTS
Sections V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Calendar year
1977
Country
1974
1975
1976
June
Europe:
*
Belgium-Luxembourg...............
10
*
1
Italy.........................
*
9
*
*
6
9
*
Poland %/......................
U.S.S.R.......................
Other Eastern Europe.............
Total Europe..... ..............
Canada.........................
Latin America:
Bahnipn£.......................
Brazil........................
Chile.........................
Ecuador 1/.................
Mexico........ ...............
Panama................................
Peru...................... .
Trinidad and Tobago 1/ ............
Uruguay.............. .........
Venezuela................... .
Other Latin American Republics........
Bermuda 1/................. .
British West Indies ........... .
Netherlands Antilj.es2 / .... .......
Other Latin America..............
Total Latin America..... ........
Asia:
China, People’s Republic of
(China Mainland)..... ..........
China, Republic of (Taiwan)..... .
Hong Kong....... ..............
India........................ .
Indonesia..................... .
Israel......................... .
Japan........ ............. .
Korea.................... .....
Lebanon l/.......... ...........
Malaysia 1/....................
Pakistan i/....................
Philippines....................
Singapore i/... .... ..... ......
Syria 1 / ......................
Thailand..... .... ...... .......
Other Asia.....................
Total Asia.....................
Africa:
Ghanal / .......................
Liberia% / .......... .
Morocco...............................
South Africa....................
Zaire........................
Other Africa........... .........
Total Africa........... .........
Other countries:
Australia......................
All other......................
Total foreign countries.................
International and regional:
International....................
European regional..... .
American regional..... .
Asian regional................ .
African regional........... .....
Grand total..... .... ........
*
13
*
18
*
215
*
*
16
48
*
*
14
1
36
45
764
*
*
288
49
*
July
Aug.
Oct. p
Sept.
Nov. p
8
8
8
18
10
19
19
19
17
76
75
70
1,847
10
20
1
22
10
1
22
74
1,957
78
2,165
74
2,742
*
633
59
*
*
719
59
*
1
1,261
10
*
492
49
*
1
22
1,266
10
*
503
49
*
1
22
10
10
19
1
22
10
it
10
*
821
60
911
60
*
it
2
1
1
1
2
2
2
251
30
*
493
275
55
*
363
191
261
*
485
149
439
*
2,600
149
485
*
3,478
155
478
*
5,017
*
6,506
8,640
476
*
9,419
76
n.a.
83
n.a.
198
173
n.a.
178
n.a.
161
n.a.
4
1,085
1— 39$
161
n.a.
_
4
6,225
161
n.a.
5
885
713
151
n.a.
_
4
5,272
4
8,481
4
10,163
4
12,603
283
288
292
294
4
14,003
OQO
*
4
*
*
*
*
4
*
*
*
_
n.a.
it
*
4
*
*
153
4
*
*
n.a.
4
3
n.a.
n.a.
83
20
1
*
n.a.
*
4
3
n.a.
n.a.
161
6
100
6
200
*
1
*
*
61
_
*
3,498
_
*
3,271
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
208
3,709
n.a.
n.a.
n.a.
31
n.a.
n.a.
*
2,005
5,370
2
2
n.a.
_
4
2,330
256
488
125
474
2
100
*
5
*
*
*
*
4
*
*
153
*
4
*
*
153
*
4
*
*
153
*
4
*
*
153
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
n.a.
*
149
*
*
n.a.
*
193
*
*
n.a.
*
193
*
•*
n.a.
*
193
*
*
n.a.
183
183
n.a.
n.a.
118
11
n.a.
n.a.
114
*
n.a.
n.a.
114
*
n.a.
n.a.
146
*
n.a.
n.a.
159
n*a"
159
it
n.a.
*
184
*
n.a.
n.a.
168
*
312
481
481
514
517
520
518
*
*
71
*
_
*
2,687
*
n.a.
n.a.
n.a.
*
*
73
*
_
*
4,290
107
n.a.
n.a.
n.a.
29
n.a.
n.a.
*"*
*
73
*
*
*
90
5
91
5
*
4,314
219
n.a.
n.a.
n.a.
29
n.a.
n.a.
116
8,817
13,567
*
5,025
277
n.a.
n.a.
n.a.
29
n.a.
n.a.
136
9,509
15 071
21
12
10
n.a.
n.a.
78
6,486
9,323
n. *.
n.a.
“
*
*
a*
**
—
*
n*a*
**
“
*
152
151
322
321
543
543
*
*
*
*
*
21
2
106
8,803
13,407
••
*
A
)A
2<oU
279
21
2
21
2
*
**
n.a.
”
*
*
•*
n.a.
~
*
280
279
280
279
it
it
*
5,635
355
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
9,692
15 942
*
n.a.
n.a.
”
*
<coU
279
21
it
it
it
*
it
8
91
5
-
89
5
*
6,547
370
n.a.
n.a.
n.a.
30
n.a.
n.a.
it
5,958
365
n*a*
n*a*
#30
n*a*
136
10.030
"lA ATO
136
10,917
18,100
*
it
nla!
n.a.
n.a.
_
*
#
*
280
279
*
349
24,645
27,209
30,325
33,267
3,759
3,900
4,276
100
it
100
4,000
4,375
12,765
97
322
2,905
2,353
2,440
2,830
53
*
-
9
*
-
128
*
-
103
*
_
146
*
_
110
150
5 708
331
7,702
3,033
15,79^
Note: Bata represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971, and the
monthly transactions reports. Country detail may not add to the area
it
5
n.a.
17
17
*
7,372
*
13
13
*
13
12
20,848
2,586
23,434
2
n a”
*2i
*
n*a^
348
*
5
5
*
5,557
2,456
22,197’
21
*
*
153
*
18
18
*•
23
23
19,741
it
2
125
*
_
2,940
-27T53r“
it
100 '
* >
3,859
31.,068
-
J•
totals or to Grand total.
1/ Holdings included in respective '’Other” geographical areas.
2 / Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
n.a. Not available.
125
January 1978
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In millions of dollars;
1977
Calendar year
Country
Europe;
Italy.......................
U.S.S.R.....................
1976
1975
1974
1977
through
Nov. p.
-1
-15
6
*
96
28
*
-15
183
10
1
2
2
96
*
445
6
-45
*
1
82
-6
*
-3
-9
34
*
1
*
117
*
-52
-48
n.a.
-14
n.a.
-2
-24
-2
-10
39
-49
-3
-10
-29
2
*
2
5
158
*
23
*
-7
n.a.
2
41
*
*
-29
49
7
-5
72
30
2
*
1
164
*
1,674
*
-22
*
*
1,986
June
Panama........................
Peru........................
Trinidad and Tobago............
Uruguay.....................
Venezuela................ ....
Other Latin American Republics......
Bermuda.......................
British West Indies............
Netherlands Antilles 1/.........
Total Tiftt'f™ America............
Asia;
China, People's Republic of
(China Mainland)
Chim, Republic of (Taiwan)......
Hong Kong....................
India.......................
Indonesia....................
Israel.......................
Japan......... ...............
Korea........................
Lebanon........................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore............... ..... .
Syria......... ..............
-1
-6
*
-3
1
12
1
*
11
-2
*
*
*
34
223
197
7
_
_
-
-11
_
_
142
314
7
232
30
3
2
1
*
*
*
-2
*
*
*
*
*
*
791
45
113
128
91
96
2
1
*
-1
-2
*
n.a.
5
6
*
n.a.
1
2
1
n.a.
n.a.
26
2
3
5
*
*
*
_
*
-1
9
*
2
2
10
2
-1
2
-3
*
2
-6
9
*
*
*
1
11
20
*
*
3
*
3
15
1
34
*
3
-2
-1
51
1
-7
1
43
31
94
ox
-1
4
*
*
1
-264
■*
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
*
13
*
*
*
-48
*
2
*
*
*
-137
*
1
n.a.
n.a.
*
-32
*
1,179
*
*
3
*
*
1
148
41
1
*
5
121
*
*
1,687
*
Tnailand............. .........
1,014
*
_
n.a.
*
*
_
*
5
5
1
_
n.a.
*
*
_
*
-26
-25
*
*
-2
-2
-5
1
*
1
1,795
-21
*
-21
1,248
*
*
*
1 IQ*?
Middle-East oil-exporting countriesZ,
3J
Total Asia............ .
Africa:
Egypt.......................
Ghana.................... .
Liberia... ................. .
Morocco.......... ....... ....
South Africa........ ....... .
Zaire........ ...............
Oil-exporting countries 2 / ...... . N
)
Total Africa.................. J
Other cpirajries:
Australia...... ............. .
All other....................
Total other countries...........
Total foreign countries...........
International and regional:
International .......................
European regional...................
Latin American regional.
Aaif*n regional.
Total international and regional....
Grand total...........................
892
632
(\.
*
n.a.
n.a.
*
*
_
f
*
10
*
10
1,522
1
V
*
n.a.
n.a.
*
*
_
*
1,553
*
1,518
Aug.
3
-7
*
3
-3
12
*
-1
57
1
*
1
*
17
Sept.
-7
2
1
*
1
3
*
*
21
1
*
*
*
12
_
6
_
-7
*
-
5
2
*
4
1
1
*
-1
*
3
*
*
*
21
_
96
-1
_
_
130
Oct. p
*
48
-2
-2
*
5
5
1
2
-1
*
*
12
-7
_
324
324
-8
_2
*
-3
-2
-5
4
*
1
20
-1
*
*
-10
-7
_
-
376
320
15
4
1
*
*
*
*
*
_
*
*
3
*
_
*
*
*
8
1
*
-
*
3
*
*
*
_
*
2
2
*
_
*
-1
*
12
-1
*
_
*
*
*
*
*
*
_
*
1
*
_
*
*
*
10
*
1
-
*
-3
*
*
*
_
*
-1
12
18
13
*
1
*
*
*
_
_
*
-1
*
_
*
1
*
10
*
*
11
_
*
*
*
74
*
•*
*
_
*
10
*
1
*
*
*
-14
*
_
_
*
3
_
*
*
*
*
29
40
*
_
_
*
2
*
*
*
_
*
25
_
*
235
_
153
*
192
_
6
103
*
*
124
*
*
*
*
24
*
*
3
159
*
2,008
245
225
276
259
186
*
*
_
*
_
*
_
_
*
*
_
_
*
_
*
_
_
*
*
*
_
*
_
_
*
_
*
*
*
*
*
*
*
*
*
*
*
499
43^
*
*
*
1
-1
*
5
3
1
*
1
*
1
2
*
2
_
2
*
_
*
5
--
*
_
*
*
*
_
*
..
*
*
_
*
*
*
*
79
*
65
_
-1
*
_
-2
-3
*
_
*
12* "
—4
*
1
15
-7
-46
13
-33
10
5
_
-
-
-483
1,039
-1,029
. 766
-41
1,207
54
-
-2
120
*
13
_
-32
467
25
463
_
*
10
-
5
1
, w
*
507
-1,030
51
4,243
i
650
14
_
3
*
*
*
*
-497
-
*
*
*
*
*
*
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait. Oman, Qatar, Saudi Arabia, and
United Arab Emirates (Truciai States).
Nov. p
13
Latin America:
Chile.......................
July
_
_
/
LCA
ojkj
Includes Algeria, Qabon, Libya, and Nigeria.
Preliminary.
* Less than $500,000.
n.a. Not available.
10
517
126
Treasury Bulletin
.CAPITAL MOVEMENTS,
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners op a net outflow of capital from the United States)
I1
1977
Calendar Year
Country
1974
1975
1977
1976
June
through
July
Aug.
Sept.
1
2
-3
*
*
-24
-9
*
3
-13
*
-29
*
*
5
14
3
-1
-12
1
-2
-18
*
*
-1
5
-4
*
5
*
57
*
-1
-2
-2
6
2
-2
1
Oct. p
Nov. p
Nov. p.
Europe:
Austria......................
Belgium-Luxembourg.............
Denmark......................
Finland......................
France......................
Germany......................
Greece......................
Italy.......................
Netherlands..................
Norway......................
Portugal.....................
Spain.......................
Sweden......................
Switzerland..................
Turkey......................
United Kingdom................
Yugoslavia...................
Other Western Europe...........
Poland......................
11
84
5
-40
262
251
256
India.......................
Indonesia....................
Israel......................
Japan.......................
Korea.......................
Lebanon.....................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore....................
Syria.......................
Tnailand.....................
9
*
36
-3
-377
*
899
*
594
*
-100
1
8
-1
n.a.
*
*
n.a.
*
*
281
-6
2,491
361
336
324
*
-45
*
*
*
*
n.a.
17
5
*
n.a.
2
-1
7
3
*
*
*
*
Morocco......................
South Africa..................
Zaire.......................
Oil-exporting countries £/..».....
Other Africa..................
)
Total Africa.................. J
*
1
6
15
*
*
*
2
2
-1
i
!
Total other countries............
3
527
Total foreign countries...........
International and regional:
International.................
Latin American regional.........
Total international and regional....
Grand total..................
1/
2/
13
*
*
13
540
*
*
*
*
*
_
*
1
*
*
*
*
6
2
8
14
*
*
*
*
*
3
*
2
*
2
*
*
*
_
*
-2
3
*
_
-1
3
*
113
17
*
_
*
2
20
1
1
-10
*
4
*
-7
-5
67
*
-2
*
80
*
2
200
20
21
*
*
*
*
*
_
*
*
*
*
*
*
*
*
*
*
3
*
*
*
_
*
*
*
*
*
*
*
*
-1
1
1
-1
-1
1
*
*
*
*
*
*
*
12
-11
*
*
*
2
*
-12
-3
10
*
*
_
_
*
1
8
*
*
*
*
*
*
-4
-4
*
*
*
3
*
*
*
*
*
-1
-2
_
*
4
*
*
*
3
*
*
*
*
*
2
*
*
*
-6
-1
10
*
*
-1
205
164
91
2
*
*
*
*
*
*
*
*
n. a.
8
•*
*•
1
10
4
7
15
-3
-2
5
*
2
1
-2
15
-4
2,740
9
2,367
13
*
13
2,753
11
4,660
18
18
4,678
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2
*
*
*
*
-3
8
1
*
*
*
*
*
2
254.1
-7
_
_
-7
11
2,378
2/
p
*
’
14
*
27
1,340
*
1
3
-4
*
1
2
*
9
-11
-1
-3
1,922
*
*
*
*
1
l,790r
*
*
n. a.
*
*
*
*
9
*
*
*
3
*
*
4
*
*
171
*
10
1
109
*
195
*
2
-8
1
*
34
*
106
*
57
-3
*
1,282
3
2
2
*
52
*
*
*
-
37
-5
-4
*
*
1,803
-7
1
*
-1
-8
10
-2
1
-2
*
*
*
*
*
-1
1
-2
*
1
64
_
*
*
*
1,649
2
6
n.a.
n.a.
-1
1
2
"J
_
*
*
*
*
*
_
*
_
*
108
*
116
-2
*
27
37
-3
-
2
39
*
*
*
31
*
1
-1
-1
*
*
*
*
*
*
*
*
94
*
*
13
n. a.
n.a.
Other countries:
1
*
7
_
*
29
1?
-3
48
*
5
54
*
7
-3
67
*
3
... ‘33
-3
1
*
-1
*
13
-4
-7
-
-
Australia....................
All other....................
*
35
*
*
*
-7
-2
-10
16
87
*
*
r
3
-6 1-
51
*
*
*
-25
*
*
-9
n.a.
n. a.
*
*
*
-20
20
-1
16
-1
155
n.a.
n.a.
n. a.
*
n.a.
n.a.
* /
361 L
288
-3
*
850
1
-7
2
22
*
*
6
1
-33
1
1
1
155
-4
504
*
35
-4
-22
-1
-18
*
3
1
-2
-2
Liberia.......................
1
-1
1
-1
21
12
2
-1
-2
340
*
16
n.a.
-
75
-15
45
*
-1
J
-8
-6
-8
-8
13
-45
Middle-East oil-exporting countries 2/ \
3
-4
-199
-2
2
1
43
233
-5
-15
13
3
-3
3
*
n.a.
n.a.
-13
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan).......
Hong Kong......................
10
1
-17
-
-5
68
-10
2
Other Latin America.............
-1
8
-68
2
-2
1
*
359
4
-1
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America:
Argentina....................
Bahamas......................
Brazil......................
Chile.......................
Colombia.....................
Cuba........................
Ecuador......................
Mexico......................
Panama......................
Peru........................
Trinidad and Tobago............
Uruguay......................
Venezuela....................
Other Latin American Republics....
Bermuda......................
British West Indies............
Netherlands Antilles 1/.........
Other Asia...................
Total Asia...................
Africa:
Egypt.......................
Ghana.......................
-1
59
-5
*
203
39
7
-3
330
1
*
*
*
*
*
*
*
*
*
*
1
*
*
*
2i0" ”
-2
2
-1
_
_
_
-
2
211
*
-1
~ 1S3
*
*
*
128
*
94
236
*
*
_
*
*
*
*
*
*
*
*
*
1
2
2
2
1
1
*
-2
-4
*
*
93
*
1
2
2
*
*
*
4
*
*
*
*
*
1
*
2
1
*
*
*
*
-1
*
2
*
2
170
"TO .
385
-5
-1
-3
“
“
_
_
_
_
-5
-1
-3
" T 2 2.
382
15 5
Includes Algeria, Gabon. Libya and Nigeria
Preliminary
*
Less than $500,000.
n.a. Not available
“
January 1978
127
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States')
Calendar year
[]
Country
1976
1975
1974
1977
through
Nov. p.
*
-9
5
-7
-38
-2
*
Italy.........................
11
-25
2
1
-1
-1
U.S.S.R.......................
Other Eastern Europe.............
Total Europe...................
Canada.........................
Latin America:
Argentina.....................
............... .*.i,*44**
Chile.........................
Colombia.......................
Ecuador.......................
Mexico.... ....................
Panama...... .................
Trinidad and Tobago .............
Uruguay........ ..............
Venezuela.....................
Other Latin American Republics.....
Bermuda........................
British West Indies........ ......
Netherlands Antilles 1/...........
Other Latin America............. .
Total Latin America...............
Asia:
China, People's Republic of
(China Mainland).................
China, Republic of (Taiwan)........
Hong Kong.......... ......
India.........................
Indonesia.....................
Israel..........................
Japan......... .................
Korea.........................
Lebanon.......................
Malaysia......................
Pakistan........................
Philippines....................
Singapore... ..................
Syria.........................
Thailand......................
Other Asia.....................
Total Asia.....................
Africa:
Egypt.........................
Ghana.............. .... .
Liberia................ .......
Morocco..................... .
South Africa...... ..............
Zaire..........................
Other countries:
Australia.....................
All other................. .'...
Total other countries..... .......
Total foreign countries...... .
International and regional:
International.........................
European regional... ...... .
Latin American regional...............
Asian regional........................
Total international and regional....
Grand total,.....................
June
Aug.
July
Oct. p
Sept.
Nov. p
r
Europe:
Beljiura-Luxembourg..............
Denmark................ ..........
1977
-52
16
6
1
-47
-15
10
-179
33
*
28
13
-199
-56
-533
-23
*
-32
-5
-198
3
4
2
1
2
6
-Ill
-132
-73
-86
-118
-25
11
-1
-1
-321
1
8
-7
196
548
*
-107
30
-100
-295
494
*
61
-15
-12
-3
-5
*
-191
-1,526
1
-115
-3
1
1
*8
*
3
n.a.
*
_1
*
-106
-3,102
3
-72
3
1
3
n.a.
-38
1
*
*
-332
2
*
n.a.
n.a.
n.a.
1
2
35
23
_-2
1
*
15
2
240
J0
2
4
L
2
*
OQ
“77
2
22
_3
-51
-3
n.a.
n.a.
*
5
. 34
36
3
-
_
' -2,1 #
39
-98
-1
-1,577
-345
-201
-70
-60
-2,218
-2,193
-6,326
-911
-590
-227
-175
-1,902
-8,730
1/ Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
n.a. Not available.
2
*
-
_
it
1
*
6
2
27
-83
—
-3,080
-S36"
-1,044
-32
-72
-97
-461
-2
-1,579
-4,660
2
it
2
it
_
-129
-765
14
2
*
*
1
2
*
-143
2
*
*
L
4
/
4
2
0
28
/l
4
-1*
_
*
_
*
_
*
3
2
5
-128“
18
-97
2
-76
-205
1
*
4
4
10
?o
29
96
*
*
*
-20
3
-157
*
16
*
19
it
5
1
5
5
*
_
*
*
*
*
10
9
8
-13
A
*
*
18
-44
3
~
1
11
-92.
3
“
*
2
*
39
2
1
-173
2
1
35
34
5
2
1
2
•1
9
j
43
2
*
- 117
*
45
*
n.a.
n.a.
*
*
_
4
4
7
47
3
14
2
1
*
146
1
*
*
&
*
*
*
*
*
-50
7
*
-14
12
R
-234
-28
— ______
3
*
*
“
-89
_
5
_
n.a.
n.a.
*
*
5
5
-430
19
-411
.-6,828.
1
1
-28
-153
-364
-162
7
-155
"-4,
;i5'j~
34
-208
-649
2
•a
24
T-5/
8
21
2
1
L
4
*J
_5
12
1
*
51
OQ
*7
19
5
2
1
J-P
—nn
11
"
202
-380
14
1
_
*
1
71
-771
10
-20
1
it
7
10
_1
22
2
7
2
-568
24
-624
1
11
33
*2
n.a.
n.a.
1
-38
23
n.a.
n.a.
n.a. i
-348
n.a.
n.a.
n.a.
n.a.
*
1
-179
-7
*
-248
-168
11
2.
*
1
-13
-3
3
4
2
1
-40
-9
23
-38
-2,044
*
-2
1
2
1
*
39
-1
84
-11
-9
14
it
-242
-282
*
*
_3
*
-15
-151
*
-3
—6
13
47
*
-16
2
3
3
3
-6
-2
2
-1
-1
1
-61
54
1
2
-7
-41
*
_
n.a.
n.a.
43
76
_3
*
-375
-283
*
n.a.
n.a.
3
3
7
2
-26
-197
-215
g
66
10
-2
-15
_
22
n.a.
-2
-98
*
-117
6
_5
*
*
3
-4
-7
-60
4
9
-193
-262
3
6
i
30
_1
1
-2
-11
-4
-2
_2
*
46
1
-6
-37
-592
-1
-35
4
9
-12
it
-96
-5
_
-
-4
-56
na
-177
_3
n.a.
_7
4
-104
*
..,„.r448 .
-5,231
1
-4
-5
*
*
-49
-16
39
59
-
5
21
-114
_
_
-
*
*
*
-1
-1
*
3
-85
-81
2
1
3
-1
-164
-670
-127
-378
-819
-23
4
5
-14
23
-172
*
-2
13
*
-6
-151
23
-677
—?7o
*
1
'
1855"
nm
3
3
10
-1
-
Treasury Bulletin
128
.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 mlHi ops of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1977
Country
1974
1975
*
-4
*
*
-76
10
*
1
33
*
*
3
*
-19
*
-303
*
-1
n.a.
_
_
1
5
-1
-1
-24
29
*
-2
4
1
*
-1
-1
49
-7
*
n.a.
-
-354
18
54
-100
*
-2
*
*
*
_
n.a.
4
5
*
n.a.
*
*
*
n.a.
n.a.
1
4
11
*
-2
-7
*
*
_
n.a.
2
1
*
n.a.
*
2
1
n.a.
n.a.
-158
6
-156
1977
through
Nov. p.
1976
June
July
Aug.
Sept.
Europe:
Beljium-Luxembourg...............
Denmark............ . ............
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands....................
Norway........................
Portugal.......................
Spain... ...... ...............
Sweden..................... .
Switzerland....................
Turkey...... ......... ........
United Kingdom..................
Yugoslavia.....................
Other Western Europe.............
Poland........................
Other Eastern Europe.............
Total Europe...................
Canada.........................
Latin America:
Argentina......................
Pflhamap.................................................... .. .. ... .......................
Brazil........................
Chile.........................
Colombia......................
Cuba.........................
Ecuador.......................
Mexico........................
panama.............. .......... .
Trinidad and Tobago .............
Uruguay..... ..................
Venezuela......................
Other Latin American Republics.....
Bermuda.......................
British West Indies..............
Netherlands Antilles 1 / ...........
Other Latin America..............
Total Latin America..............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)........
Hong Kong...............................
India....................................
Indonesia.......................
Israel........................
Japan.........................
Korea.........................
Lebanon.......................
Malaysia......................
Pakistan......................
Philippines.............................
Singapore...............................
Syria....................................
Thailand......................
Other Asia.....................
Total Asia.....................
Africa:
Liberia.......................
_
-1
-26
*
*
-15
-2
*
1 -11
1 -199
*
*
*
-1
-23
3
-305
*
2
*
*
-578
*
*
-1
*
*
n.a.
10
-1
*
n.a.
*
*
*
n.a.
n.a.
3
-8
*
1
-1
*
*
*
*
1
*
*
*
2
-1
10
*
15
*
3
26
_
*
13
*
*
4
265
*
*
*
*
-1
*
16
_
_
n.a.
n.a.
n.a.
-9
n.a.
n.a.
n.a.
*
*
23
*
*
-2
36
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
n.a.
n.a.
*
2
506
n.a.
*
9
2
n.a.
*
13
71
-1
-1
*
*
3
512
_
_
n.a.
n.a.
*
4
-2
3
n.a.
n.a.
*
11
-1
10
1
*
1
184
*
*
*
Qther counties:
Total other countries............
_
*
*
*
*
3
-9
-1
-34
-10
*
-119
18
1
18
-137
-8
*
-1
5
-41
*
-87
*
1
n.a.
-395
-14
*
n.a.
n.a.
*
12
*
12
-190
-5
*
-5
-327
1
1
-188
4
4
-323
-206
i
i
i
1
*
*
*
*
3
*
*
*
-6
*
*
*
-4
3
-13
*
_
-
*
*
*
-9
*
*
*
3
*
-
*
*
-3
*
-4
*
-
*
*
*
-2
*
*
5
*
-1
*
5
*
-2
1
_
-
-78
-31
-241
-44
-16
^6
-13
-5
7
22
*
*
*
_
_
*
1
*
*
*
-1
9
*
*
9
*
1
*
*
*
*
*
*
*
*
*
1
*
2
3
*
*
*
*
*
*
*
*
*
*
*
*
1
*
*
*
*
*
*
*
*
*
*
*
*
_
1
*
*
*
1
*
-
_
_
*
-1
*
*
3
*
*
1
.
_
_
_
*
38
-2
14
*
*
*
_
*
_
*
*
_
_
4
*
_
-2
*
*
-2
-2
*
-2
1 -463
*
1
*
*
-3
4
*
*
*
*
*
*
10
-39
1
-26
*
*
*
*
-5
-1
*
*
-11
*
*
*
*
-6
-218
*
-
, 41
*
Nov. p
*
-3
*
-7
-4
*
-9
-24
*
*
*
*
-10
-20
*
_
_
298
_
Oct. p
*
*
_
*
1
-42
_
*
*
_
_
*
16
*
*
-1
-41
*
*
1
1
*
-3
_
_
*
*
*
_
_
1
43
2
75
*
*
_
_
_
_
_
*
*
-
*
*
*
*
*
_
1
46
*
*
_
4
77
_
_
_
57
I
-
-
*
*
*
—
*
*
*
-1
-1
*
-2
_
_
*
*
*
-60
*
*
*
-265
-63
-60
-265
-
_
_
_
_
*
*
*
*
*
*
*
*
-1
*
4
3
*
1
*
*
*
53
*
*
*
*
_
*
-
¥r
7
*
*
-1
*
*
*
*
*
*
*
*
-3
*
*
*
*
30
-2
106
30
106
_
_
*
*
*
*
*
*
*
34
Igternational_and., regional:
-
*
*
*
184
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
* Less than $500,000.
p Preliminary.
n.a. Not available.
*
“
*
-463
“- S 3 ™
-
_
34
January 1978
129
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During November 1977 Preliminary
____________________ (In millions of dollars)_____
Gross purchases by foreigners
Country
Domestic securities
Foreign
securities
Bonds
Market
Corporate &
Total able
of U.S.
other
pur
Treasury
chases & Federal corp. and
Bonds Stocks
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(6)
(7)
(2)
(3)
(5)
(4)
(1)
Total
sales
(8)
Gross sales by foreigners
Domestic securities
Foreign
securities
Bonds
Market
Corporate
&
of U.S.
able
other
Treasury Gov't
& Federal corp. and
Bonds Stocks
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(9)
(12)
(10)
(11)
(13)
(14)
Europe:
Austria........
Belgium-Luxem'bourg.
Denmark.........
Finland.........
France..........
Germany......
Greece..........
Italy...........
Netherlands..... .
Norway...........
Portugal.......... .
Spain.............
Sweden............
Switzerland.......
Turkey............
United Kingdom.....
Yugoslavia........
Other Western Europe.
Poland............
U.S.S.R...........
Other Eastern Europe.
Total Europe.......
Canada.......
Argentina....
Bahamas......
Brazil.....
Chile......
Colombia...
Cuba.......
Ecuador....
Mexico.....
Panama.....
Peru...................... .
Trinidad and Tobago......... .
Uruguay................... .
Venezuela................. .
Other Latin American Republics.,
Bermuda................... .
British West Indies.........
Netherlands Antilles........ .
Other Latin America.........
Total Latin America.........
Asia:
China, Peopled Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong...............
India......... .........
Indonesia...............
Israel.................
Japan..................
Korea..................
2
39
6
16
125
740
5
12
156
5
1
5
11
341
*
2,324
1
28
*
*
_
11
12
580
*
92
*
_
*
*
4
—
1,559
13
_
_
2
1
4
*
20
*
373
_
7
2
24
3
*
76
119
1
5
38
2
1
3
8
254
*
203
1
6
*
*
10
3
3
20
23
4
5
3
2
*
2
2
49
—
144
_
1
*
2
*
_
15
5
*
1
3
*
_
*
*
19
—
35
1
-
_
5
41
8
16
135
88
3
17
35
49
*
7
224
310
*
1,175
1
45
*
*
_
11
16
4
1
1
_
_
26
3
—
780
30
*
_
_
_
*
3,817
255
2,272
407
38
748
272
81
2,157
5
-
24
132
47
47
254
7
1
46
1
1
1
_
_
-
*
if
*
*
*
*
1
*
*
*
*
38
*
*
*
1
47
1
*
*
*
7
12
1
*
1
59
16
111
9
65
*
_
_
_
51
9
*
if
9
-
*
*
_
*
*
*
*
_
1
*
_
*
*
*
1
*
*
-
*
58
11
*
*
1
54
27
64
8
42
*
331
69
3
315
_
*
*
_
_
_
_
_
50
20
*
*
71
*
1
*
_
*
76
*
_
*
*
*
36
243
15
1
*
*
22
16
*
18
*
1
_
1
2
_
*
*
1
5
1
1
12
-
-
-
*
■*
*
23
*
_
*
3
1~
7
*
*
*
*
4
6
*
*
1
5
1
58
7
50
*
141
_
1
4
*
*
*
3
4
47
1
5
104
*
10
13
8
_
6
43
_
*
5
_
7
5
23
4
250
120
82
746
_
*
*
1
*
*
*
3
_
_
1
_
_
-
_
_
_
2
_
*
*
*
1
*
2
*
34
_
_
_
_
_
-
_
*
_
_
-
1
2
37
100
-
*
4
8
16
_
-
*
*
*
5
*
“ 594
129
21
-
24
* 7,033
771
720
781
720
21
Grand total...................
* 7,814
4,987
614
Australia... .
All other... .
Less than $500,000.
10
3
'2
__ 5_
5
1,280 n r *
3
30
214
33
3,543
-
375
_
*
if
if
_
_
if
if
4
_
1
if
7
if
22
if
if
1
14
if
1
if
if
if
2
109
4
_
26
200
_
if
_
_
2
23
28
73
2
if
23
31
114
25
if
if
1
if
if
_
3
234
_
_
if
_
if
_
if
31
.......31
_
26
26
_
_
_
-
r~
_
_
_
_
-
_
_
5
1
2
_
-
*
if
if
3
if
3
895"
if
3
3
927
if
if
if
180
4
16
-
^1,325
101
115
345
10
if
29
“
10
-
*
1
-
-
-
-
-
1
39
-
376
345
10
if
4
17
129
1,281
588
214
3,919
1,670
111
116
899
944
-
*
if
if
1
23
*
if
_
if
if
319
1
-
*
*
if
51
3
if
_
1
1
4
8
*
5
if
1H * 1
Total other countries......... ,
Total foreign countries.........
International and regional:
International................ .
European regional............
Latin American regional.......
Asian regional...............
African regional.............
Total international and regional.
_
13
13
4,266
if
if
1
_
if
iQ
Qtbgr-SPViBteAgg:
107
_
i to
29
55
_
_
_
100
40
if
36
if
if
if
if
_
_
if
3
_
_
_
*
if
182
*
*
2
if
2
*
103
75
-
185
_
106
_
_
:
if
’
506
-
_
-
if
1
if
if
18
1
if
if
3
if
_
if
if
9
_
74
548
110
9
_
_
3
15
_
_
_
20
14
1,807
Ghana..........
Liberia.......
Morocco..... .
South Africa..,
Zaire........
Other Africa..,
Total Africa..,
=====
if
13
2
1
19
20
if
3
3
43
if
1
180
56
if
164
1
49
22
-
1,122
Egypt...... .
77
if
5
5
if
if
1
3
1
49
6
36
115
2,499
Africar
-
_
1
4
_
if
if
2
3
1
1
13
Total Asia.,
:
if
28
—
7
_
*
3
*
*
if
*
385
*
.
4
_
*
21
5
22
6
if
75
55
2
13
29
5
*
5
8
220
—
98
1
4
*
1
"
_
_
_
_
*
_
1
*
1,561
Pakistan...............
8
8
_
_
592
20
5
_
20
32
*
4
*
*
8
6
*
*
*
1
if
*
if
1
7
if
if
if
Philippines.............
Singapore...............
Syria..................
Thailand................
Other Asia..............
Lebanon...............
47
8
*
9
754
20
1
10
*
27
43
_
_
4
*
1
_
_
_
10
1
_
51
9
_
872
*
26
*
*
2
17
*
1
if
*
*
2
*
*
, 202
Malaysia................
*
*
2
*
*
2
8
*
2
*
if
*
*
14
—
9
*
_
_
_
1
if
if
-
180
Treasury Bulletin
----------------------------- CAPITAL MOVEMENTS__________ ________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1976
(In millions of dollars)
Gross purchases by foreigners
Domestic securities
Country
Total
Marketable
purchases Treasury
bonds and
notes
(2)
(1)
Gross sales by foreigners
Foreign securities
Corporate and
other
Bonds
Bonds Stocks
(3)
' (5)
(4)
Europe:
Belgium-Luxembourg..........
Italy....................
Netherlands...............
Norway...... .............
Portugal..................
Turkey...................
United Kingdom.............
Yugoslavia................
Other Western Europe........
Poland................ .
Canada.....................
Latin America:
B a h a m a s ^ rft-___ _
Chile....................
Other Latin American Republics..
British West Indies.........
Other Latin America.........
Total Latin America.........
Asia:
China, People’s Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
India......... ...........
Indonesia.................
Lebanon..................
Malaysia..................
Pakistan................
Philippines...............
Singapore.................
Thailand..................
Africa:
Egypt....................
fihflrifl.....................
Liberia..................
Morocco....... ...........
South Africa...............
Zaire....................
Other Africa...............
Total Africa...............
Other countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
international and regional:
International...........
European regional...........
Latin American regional......
Asian regional............ .
African regional...........
Total international and regional
Grand total....
,
* Less than $500,000.
n.a. Not available.
68
1,215
51
852
2,200
2,500
54
268
1,243
64
10
102
122
6,040
2
5,159
*
345
n.a.
2
20,297
4,088
29
171
52
5
8
*
8
184
274
5
*
15
279
204
595
39
790
119
2,778
*
13 *
468
2
8
74 '
1,803
41
34
n.a.
n.a.
130
1,044
2
120
8,890
12,631
*
6
*
803
207
715
1
290
1
1
64
332
*
598
281
n.a.
*
9
84
1
40
162
140
1
32
73
5
*
4
18
460
*
1,206
7
n.a.
*
3,299
308
*
2
*
_
*
1
1
*
_
145
151
25
3
197
*
524
*
37
*
_
*
552
41
n.a.
n.a.
87
1,013
..
108
4,502
6,340
26
277
22
4
307
247
*
76
105
8
3
9
7
840
*
1,109
2
n.a.
*
2,243
347
33
816
27
5
1,423
1,281
52
134
714
48
6
86
29
4,318
2
2,073
*
54
n.a.
1
11,103
2,241
4
19
9
*
1
•*
1
19
181
*
*
3
8
11
26
3
96
*
382
17
96
2
2
5
*
7
112
74
2
*
9
79
17
543
33
437
1
1,437
8
46
40
3
2
_
n.a.
38
16
3
n.a.
2
45
25
n.a.
n.a.
54
_
*
n.a.
53
24
78
40,377
*
*
*
10,747
15,417
3
438
14,567
_
295
384
-
15,858
56,234
_
*
*
276
277
1
n.a.
*
*
_
24
25
Stocks
Total
sales
(6)
(7)
*
32
*
*
101
117
1
25
62
1
1
3
5
89
*
172
*
1
n.a.
610
637
116
1,328
55
899
2,504
1,939
53
301
1,341
275
16
89
197
5,269
1
4,862
*
224
n.a.
*
*5
785
154
166
*
5
18
1
*
*
149
126
•*
477
167
n.a.
*
19,468
2,054
447
11
108
3
50
123
190
4
43
102
3
*
2
12
302
*
1,183
*
14
n.a.
2,152
251
*
1
*
*
_
*
6
_
*
142
22
1
240
*
2
24
*
*
*
*
*
8
162
*
*
*
8
9
12
2
62
*
412
289
*
27
_
_
1
1,135
51
n.a.
n.a.
108
419
_
31
615
2,386
1
8
*
*
1
171
*
*
n.a.
n.a.
*
38
9,052
1
8
*
*
*
_
n.a.
13
3
*
n.a.
1
1
1
n.a.
n.a.
7
14
49
32
229
56
2
6
*
6
244
263
2
*
11
82
172
502
51
709
51
^2,418
n.a.
n.a.
n.a.
32
n.a.
n.a.
10
148
425
*
35
*
_
3
506
*
n.a.
n.a.
n.a.
2
n.a.
n.a.
*
22
567
*
9
357
3
1
322
2,702
51
36
n.a.
n.a.
498
486
2
32
1,943
6,441
*
2
n.a.
*
3
*
80
86
2
n.a.
n.a.
*
5
*
n.a.
n.a.
*
66
*
1
11
10
340
*
1
*
8
1
20
577
34
*
1
1
33
ma.
n.a.
n.a. 1 n.a.
*
9
6
25
_
2
*
1
1,972
2,246
2,026
3,273
3
2
n.a.
1
74
*
425
505
3,042
555
104
386
•*
47
2
*
50
135
Domestic securities
Foreign securities
Marketable Corporate and
Bonds
Stocks
Treasury
other
bonds and
Bonds Stocks
notes
(12)
(1C)
(9)
(8)
(11)
_
_
44
50
1
67
1
31
*
5
___ 1_
36
5,024 18,176
21
19
40
4,498
1
*
1
1,932
121
51
_
-
409
3
22
5
_
-
-
-
-
-
-
14,863
25,610
505
5,529
51
18,227
434
4,932
5
1,937
5
*
n.a.
1
56
*
191
253
512
7
519
38,151
_
*
n.a.
_
*
*
55
55
*•
*
*
793
1,012
_
n.a.
*
*
_
50
50
22
*
31
856
29
4
1,167
1,213
48
138
913
56
15
76
29
4,419
*
1,733
*
38
n.a.
*
73
292
12
60
839
270
*
108
109
206
*
7
6
293
*
1,209
4
n.a.
*
10,767
1,916
3,490
5,786
_
259
*
n.a.
1,005
"OT"
17
94
3
2
5
*
5
77
77
1
*
10
63
18
468
48
391
1
1,282
12
102
52
*
*
*
n.a.
155
15
1
n.a.
1
10
2
n.a.
n.a.
11
28
389
*
8
1
*
*
_
n.a.
3
4
*
n.a.
1
1
1
n.a.
n.a.
4
22
46
2
26
2
*
292
417
1,196
*
12
*
*
5
469
_
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
8
496
5
n.a.
n.a.
*
*
*
n.a.
n.a.
_
54
*
6
286
1
1
23
510
1
35
n.a.
n.a.
8
29
2
1
450
1,352
*
*
n.a.
1
2
*
75
79
76
_
130
10
15
1
55
450
33
*
7
40
451
15,436 11,326
6
*
5,354
22
3,776
11,984
379
38
177
167
*
-
-
-
15,082
12,160
53,232
17,514
546
4,322
13,722
593
592
175
n.a.
n.a.
n.a.
381
n.a.
n.a.
1
66
11
*
220
99
*
7
198
8
*
3
*
6
2,259
1,320
593
249
175
1
_
39 2,336
15,475 13,662
1
2,259
_
January 1978
131
FOREIGN CURRENCY POSITIONS
Background
Data have been collected since 1974 on the foreign
currency positions of banks and nonbanking firms in the
United States, and on those of foreign branches, majorityowned foreign partnerships, and majority-owned foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad. Reporting has been
required pursuant to Title II of Public Law 93-110, an
Amendment to the Par Value Modification Act, of September 21,
1973, and implementing Treasury regulations. Statistics on
the positions will be published monthly in the Treasury
Bulletin, beginning with data for December 1975.
The report forms and instructions used in the collection
of bank data were revised effective with reports as of October
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the month), for the monthly reports.
The most recent revision of the nonbank Foreign Currency
forms (see below) became effective as of the last business day
of November 1976 for the monthly reports on nonbanking firms’
positions in the United States.
Common Definitions and Concepts
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, American Samoa, the Canal Zone, Midway Island, the
Virgin Islands, and Wake Island. The term "foreign" means
locations other than the "United States".
The term
"Worldwide" is used to describe the sum of "United States" and
"foreign" data.
Data for the United States include amounts reported by
sole proprietorships, partnerships, and corporations in the
United States including the U.S. branches and subsidiaries of
foreign nonbanking concerns, in the case of "nonbanking
firms' positions", and the agencies, branches, and
subsidiaries located in the United States of foreign banks
and banking institutions, in the case of the weekly and
monthly "bank positions".
Data for "foreign branches" and "abroad" include amounts
reported by the branches, majority-owned partnerships and
majority-owned subsidiaries of United States banking and
nonbanking concerns. In general, these data do not reflect
the positions of foreign parents or foreign parents'
subsidiaries located abroad except through intercompany
accounts. The data include the foreign subsidiaries of a few
foreign-owned U.S. based corporations.
Assets, liabilities, and foreign exchange contract data
are reported on the basis of time remaining to maturity as of
the date of the report, regardless of the original maturity of
the instrument involved. "Spot” means due for receipt or
delivery within two business days from the date of the report.
"Short-term" means maturing m one year or less from the date
of the report.
"Majority-owned foreign partnerships" are those
organized under the laws of a foreign country in which one or
more nonbanking concerns or nonprofit institutions in the
United States, directly or indirectly, own more than 50
percent
profit
interest.
"Majority-owned
foreign
subsidiaries" are foreign corporations in which one or more
nonbanking business concerns or nonprofit institutions
located in the United States directly or indirectly own stock
with more than 50 percent of the total combined voting power
of all classes of stock entitled to vote, or more than 50
percent of the total value of all classes of stock.
Reporting Threshold
The exemption level applicable to banks and banking
institutions is $10 million equivalent. The exemption level
applicable to nonbanking business concerns and nonprofit
institutions was $1 million equivalent on all nonbank forms
from March 1975 through November 1976, when it was raised to
$2 million equivalent on the monthly reports of positions
held in the United States.
Firms must report their entire foreign currency position
in a specified foreign currency if a specified United States
dollar equivalent value is reached in any category of assets,
liabilities, exchange contracts bought and sold, or the net
position in the currency. In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary. In reports on their
foreign branches, majority-owned foreign partnerships and
majority-owned foreign subsidiaries, United States banks and
nonbanks are required to report the United States dolieu?
denominated assets, liabilities, exchange contracts bought
and sold, and net positions of those branches, partnerships,
and subsidiaries with reportable positions in the specified
foreign currencies.
Description of Statistics
Data collected on the Treasury Foreign Currency forms
are published in the Treasury Bulletin in ten sections. The
first section presents a summary of worldwide net positions
in all of the currencies reported. Sections II through IX
each present data on a specified foreign currency. Section X
presents the tfoited States dollar positions of the foreign
branches and subsidiaries of United States firms which are
required to report in one or more of the specified foreign
currencies.
Treasury Bulletin
132
.FOREIGN CURRENCY POSITIONS.
Section I - Summary Positions
Table PCP-I-1. - Nonbanking Firms’ Positions 1/
(In millions of foreign currency units)
Report date
Belgian
francs
1977-Mar.. . .... ...... .V.....
(1)
22,^47
26,768r
1977=Jtme....................
Canadian
dollars
(2)
11 568r
ll*282r
French
francs
(3)
Oy (4or
7,492r
German
marks
(4)
4,577r
4,194**
Japanese
yen
Italian
lira
Swiss
francs
Sterling
U.S.
dollars 2/
(5)
(6)
(7)
(8)
(9)
479,766r
387,759r
207,543
258.384r
-3,901r
-3.736r
1,418
, ,...l,141r..
-I4,440r
.xh jn L r
Japanese
yen
Swiss
francs
British
pounds
U.S.
dollars A /
Table FCP-I-2. - Weekly Bank Positions
(In millions of foreign currency units) 2 /
Report date
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5A1/77
5A8/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7A3/77
7/20/77
1/21/11
Belgian
francs
Canadian
dollars
French
francs
German
marks
(1)
-3,369
-1,111
-2,149
-2,881
(2)
(3)
6
11
-59
-30
-70
25
-14
-11
29
-332
-245
-224
-312
(4)
776
1,235
1,260
1,287
798
554
841
-2,299
-1,954
-2,455
-1,834
-1,842
-2,397
-692
-1,336
-1,121
-1,301
-1,378
-2,336
-1,889
-1,750
-1,435
-994
-1,156
-1,318
-1,456
-1,571
-1,309
-967
49
20
3
16
9
59
-1
-12
15
27
3
-21
14
50
47
39
15
-273
-281
-298
-144
-144
60
-1
-133
-105
-150
-81
-125
-124
142
140
78
280
325
217
-87
155
174
1,402
1,095
1,272
1,601
950
1,405
1,495
808
1,316
1,324
1,495
1,198
1,302
971
1,530
1,209
1,427
1,684
1,412
Italian
lira
(5)
(7)
(8)
(9)
86,524
78,757
78,634
80,677
79,863
89
321
328
546
306
-55
-80
140
-260
69
-20
-72
-20
-17
12
262
-88
-29
86
192
127
232
331
412
(6)
22,306
48,916
19,083
8,188
9,875
7,418
13,335
19,281
53,742
69,324
73,577
77,211
81,298
-
-62
22
32,025
23,162
35,656
43,519
40,335
44,739
50,863
49,472
72,705
80,054
84,361
91,492
-271
146
14
211
85,809
76,506
95,652
92,450
174
33
7
62
13
31
47
15
8
-43
-35
-45
77,003
73,912
76,196
98,416
105,730
95,864
100,720
77,098
64,851
89,363
90,229
98,847
86,636
98,580
87,109
103,469
83,139
90,356
197
303
185
232
200
221
280
501
223
13
-14
29
20
80
a
67
59
90
Swiss
francs
British
pounds
179
28
141
-181
-173
297
15
57
-90
-73
157
129
-48
-87
-165
-316
-245
Table FCP-I-3. - Monthly Bank Positions 1/
(In millions of foreign currency units)
End of month
Apr..... ................
May.....................
Ju3y....................
Footnotes at end of Table FCP-X-3.
CD
-4,267
-4,146
-4,045
-3,677
-4,137
-3,248
'
(2)
-104'
-2lr
-24r
-18r
-29r
-101
French
francs
(3)
-459
-388
-557
-254
182
41
German
marks
(4)
""TBB.. “
394
475
614
1,014
489
Italian
lira
Japanese
yen
(5)
-19,096
11,687
(6)
80,634
51,871
-11)028
27,535r
64,156r
727711
73,619
53,156
-38
-167
56,754
60,590
(7)
x 306 J -468
(8)
U.S.
dollars 6/
44
(9)
166
18
131
-8
2
40
-412
-384
-212
-119
19
-208
CO
?
Feb.....................
Mar.....................
Canadian
dollars
Belgian
francs
January 1978
133
____FOREIGN CURRENCY POSITIONS______
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms* Positions 1/
(In millions of Belgian francs)
Short-term trade
Position
at end
of month
Feb. 1977
Mar. 1977
Mar. 1977
Mar. 1977
Apr.
May
June
June
June
July
1977
1977
1977
1977
1977
1977
Liquid '
assets 2/
(1)
2,333
19,765
2,377
22.142
Short
term
debt 2 /
(2)
2,980r
33,882
3,284
37,166
Pay
ables 5/
(3)
1,553r
76,257
l,675r
77.932r
l,801r
l,906r
75,582r
l,739r
77,321r
(4)
879
49,555
801
50,356
761
3,069
3,197
33,145r
3,284
36,429r
3,048
2,929
3,053
18,409
3,035
21.444
3,093
Forward exchange 8/
Receiv
ables i j
594
47,575r
803
48,378r
490
619
Other
assets £/
(5)
6,735r
103,390
8,578r
lllJ96$r
8,063r
8,178r
101,823r
8,175r
109,998r
9,402
Other
liabil
ities 2/
(6)
92,114
2,715
94,829
2,708
2,716
88,487r
2,690
91,177r
3,055
Sold
Bought
Net
position 2/
Ex
change
rate 10/
Positions
held by
offices in:
(9)
I'jgfi.
-21,485
1,062
22,547
1,572 "
2,172
25,533r
1,235
26,768r
(10)
36.576U
36.5900
36.5900
36.5900
35.0500
36.0610
36.0350
36.0350
36.0350
uniiea biaxes
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
3,154
35.3480
United States
(8)
5,^>l4
3,643
6,428
10,071
(7)
1,206
1,267
1,660
2.927
1,720
1,937
1,231
1,836
3,067
2,512
6,403
6,395
2,305
6,773
9,078
5,879
Table FCP-II-2. - Weekly Bank Positions U /
(In millions of Belgian francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
(1)
(2)
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5A1/77
5A8/77
5/25/77
175
210
235
432
201
213
188
204
234
200
213
279
317
271
267
263
260
15
109
89
89
81
63
141
114
217
378
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7A3/77
7/20/77
7/27/77
296
274
257
300
205
208
222
208
266
240
170
73
185
*59
335
109
61
142
98
203
76
262
16
54
48
Footnotes at end of Table FCP-X-3.
Net
(3)
Foreign
branch
net
(4)
160
1,315
101
1,337
146
2,146
1,975
343
120
3,361
150
3,665
47
2,991
90 , 3,477
4,276
17
-178
4,055
-27
3,835
4,358
109
4,433
244
5,740
86
6,628
208
-72
3,548
1,436
151
235
132
159
97
129
-54
206
154
218
4,215
2,745
4,299
2,336
5,010
4,560
5,529
5,351
3,870
Exchange contracts 13/
World
wide
net
(5)
Banks in U.S.
Bought
1,475
1,438
2,292
2,318
3,481
3,815
3,038
3,567
4,293
3,877
3,808
4,467
4,677
5,826
6,836
3,476
1,587
(6)
21,662
21,740
21,242
21,974
22,302
23,981
24,158
24,800
24,998
23,030
23,419
24,604
22,832
24,074
22,592
20,792
21,737
4,450
2,877
4,458
2,433
5,139
4,506
5,735
5,505
4,088
21,348
22,187
19,303
18,673
19,473
18,969
19,635
20,465
20,474
Sold
(7)
23,169
23,460
22,977
24,068
24,038
25,766
26,212
26,017
26,270
24,265
24,656
26,187
24,592
25,398
23,921
22,670
23,642
23,358
24,019
20,936
20,382
21,240
20,820
21,528
22,581
22,313
Net
(8)
Foreign
branch
net
(9)
-3,337
-829
-2,706
-3,105
Net position
World
wide
net
(10)
-1,507
-1,720
-1,735
-2,094
-1,736
-1,785
-2,054
-1,217
-1,272
-1,235
-1,237
-1,583
-1,760
-1,324
-1,329
-1,878
-1,905
-4,044
-3,984
-3,439
-4,184
-4,863
-5,039
-3,263
-4,220
-4,038
-5,803
-6,885
-3,934
-1,571
-4,844
-2,549
-4,441
-5,199
-5,780
-5,769
-5,493
-5,401
-6,135
-6,274
-4,500
-5,803
-5,798
-7,127
-8,214
-5,812
-3,476
-2,010
-1,832
-1,633
-1,709
-1,767
-1,851
-1,893
-2,116
-1,839
-4,190
-2,480
-3,819
-1,880
-4,690
-4,111
-5,413
-4,698
-3,216
-6,200
-4,312
-5,452
-3,589
-6,457
-5,962
-7,306
-6,814
-5,055
United
Foreign
States 14> branch
15/
(11)
(12)
-2,022
-1,347
508
-1,619
-560
-1,589
-1,130
-1,751
-1^616
-683
-1,635
-319
-2,007
-448
-1,127
-707
-11,255
-587
-984
-1,413
572
-1,264
138
-1,474
-1,516
395
-1,238
-63
-1,121
-257
-1,950
-386
-135
-1,754
-l!,775
-H,700
-ll,474
•21,612
-1,638
-1,905
-1,687
-1^962
-1^621
25
265
480
456
320
449
116
653
654
World
Exchange
wide 16/ rate 17/
(13)
(14)
37.061
36.941
36.792
36.755
36.617
-2,299
-1,954 . 36.785
-2,455
36.664
36.617
-1,834
-1,842
36.590
36.536
-2,397
—692
36.291
-1,336
36.324
-1,121
36.056
-3,369
-1,111
-2,149
-2,881
-1,301
-1,378
-2,336
-1,889
35.923
36.232
36.095
36.036
-1,750
-1,435
-994
-1,156
-1,318
-1,456
-1,571
-1,309
-967
36.031
36.062
36.052
36.072
36.036
35.920
36.291
36.324
36.056
Section II - Belgian Franc Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions is/
Worldwide
End
of
month
Maturity
Assets 19/
(1 )
(1)
(2)
(“?)
(4)
Demand/spot.......................
3 days-1 month..... ................
Over 1 month-*? morvtfiR
Over 3 months-6 months.............. .
(6)
(7)
(8)
(9)
Over 1 year.......................
Total of all maturities.............
Capital assets, liabilities..........
Summary ((7) + (8))..... ......... .
(1) Demand/spot........................
(2 ) 3 days—1 month.....................
(3) Over 1 month-3 months.............. .
(5)
(6)
(7)
(8 )
(Q)
Over 6 months-1 year................
Over 1 year.......................
Total of all maturities.............
Capital assets, liabilities..........
Summary ((7) + (8)
1,,,,,, T,,,,,.
(1)
Apr....... (2 )
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot.......................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months... ......... ..
Over 6 months-1 year.......... .......
Over 1 year........................
Total of all maturities.............
Capital assets, liabilities...... .
Summary ((7) + (8)).................
(1)
(2)
(3)
(4)
(5)
Demand/spot..... ..................
3 days-1 month......... ........... .
Over 1 month-3 months....................
Over 3 mOnths-6 months..............
Over 6 months-1 year.......... .....
H/fe-w
23,840
29,606
35,232
24 724
-1 172
*242
-2,602
-2 271
13^988
1,780
-410
-401
-1,108
-7,870
-3,829
-554
-2,583
29,848
32,630
22 453
13*578
1,379
122,556
_
129,170
-
-6,614
-
2,468
122,556
129,170
-6,614
-6,726
-8,011
-1,166
6,170
4,492
10,539
5,298
-2,396
2,902
17,177
22,391
29,793
24,659
17,633
25,849
30,625
25,282
17,867
1,325
-456
-3,458
-832
-623
-1,025
-553
-6,947
_
39,768
30,398
17,118
6,847
4,568
5,333
104,032
2,653
111,983
5,049
32,057
16,492
12,810
26,704
104,255
2,813
-3,462
-7,297
746
727
3,368
10,-270
4,352
109,081
39,996
32,556
16,754
7,463
4,551
5,441
106,731
5,108
40,138
29,965
14,374
6,132
9,646
107,068
30,388
32,642
(
20,236
12,186
390
117,536
16,842
772
36,991
23,574
12,173
1,011
111,634
_
118,581
_
111,634
118,581
-6,947
-3,791
-12,953
1,512
13,483
21,321
14,733
5,260
22,610
16,218
-1,250
291
-2,945
-719
-762
4,277
111,839
100,255
5,227
105^,482
28,290
21,030
31,235
23,329
16,980
10,010
1,112
4,315
-2,395
1,920
103,034
-
1,324
108,631
-
-5,597
103,034
108,631
-5,597
-8,081
-13,773
2,118
6,678
8.029
9.029
13,644
23,289
28,263
22,407
17,113
2,103
106,819
_
1L
OA
#1Q
J
UQ^O
jL'7
14,054
24,311
29,985
24,297
17,610
2,285
112,542
_
119 *»/?
15,199
15,452
20,868
22,162
25,843
26,484
25,457
15,646
2,571
107,772
4,000
-2,414
99,948
-2,254
-9,537
1,586
2,159
4,899
9,354
6,207
2,900
5,546
-2,646
-
-
109,055
105,494
3,561
100,963
107,772
24,731
28,847
17,818
10,163
10,478
106,155
19,310
19,404
12,322
)
22,668
33,042
22,387
15,952
13,017
9,060
15,872
109,330
16,192
i§) 3 dflys-1 month....... ...,. t*.»»r....
(3) Over 1 month-3 Tnnmt.'hg...... ..... .
(4) Over $ months—6 months.... .
-4,267
108,187
2,713
113,759
Ally, ..
-6,253
2,375
110,655
111,046
(8 ) Capital assets, liabilities..........
(9) Summary ((7) + (8)).................
123,789
64
-8,112
-1,227
1 717
2*566
10,043
5,051
8,828
Over 1 month-3 months................
Over 3 months-6 months..... .........
Over 6 months-1 year.......... .....
Over 1 year....................... }
Total of all maturities..............
117,536
36,883
29,671
19,198
7 519
4 544
5,414
103,229
4,958
15,451
(3)
(4)
(5)
(6)
(7)
-3,505
-6,290
-2,525
-2,611
3,381
9,649
-1,901
-
123,789
-
-43
1,007
-3,271
-3,338
13
-621
-6,253
-
1,986
36,175
19,603
18,266
12,723
(1) Demand/spot.......................
(6)
-2,366
108,280
11116.... (2) 3 days-1 month.....................
(5)
4,890
7,110
(
Net
overall
position 21/
(7)
Net
20,380
29,660
113,009
15,457
Foreign exchange contracts 20/
Sold
(4)
2.524
IV,
pi 559
Bought
20,337
30,667
33,720
(3)
41,996
30,015
19,901
7,632
3,302
5,273
108,119
17 971
(9) Summary ((7) + (8)).................
(2)
Net
38,534
22,718
20,647
8,359
6,670
15.543
112,471
36,947
(7) Total of all maturities... ..........
(8) Capital assets, liabilities...........
Balance sheet items
Liabilities
21,462
15,107
2,484
100,963
-212
-
-2,366
2,156
9,642
-1,563
-2,583
-4,146
-7,182
-11,469
-1,998
5,547
3,467
9,986
-1,649
-2,396
-4,045
-5,041
-12,662
-1,433
4,541
3,515
9,798
-1,282
-2,395
-3,677
-1,022
-1,722
-1,890
-497
-182
-410
-8,491
-14,795
396
4,788
7,532
8,847
-5,723
-1,723
_
« no'K
-253
-1,294
—64!
-3,995
-539
-87
-6,809
-6,809
*1*.
O?I7(
4J*J
.....-2,507
-10,831
945
-1,836
4,360
9,267
-602
-2,646
-3,248
..
5?
I
ta
%
I*
8*
January 1978
135
_____FOREIGN CURRENCY POSITIONS
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms’ Positions 1/
Forward exchange 8/
Short-term trade
Position
at end
of month
Liquid
assets 2/
(1 )
Feb.
Mar.
Mar.
Mar.
Apr.
May
June
June
June
1977
1977
1977
1977
1977
1977
1977
1977
1977
July
1977
630r
3,424r
659r
4,083r
762r
7&4r
Receiv
ables 4/
(3)
493r
(4)
728r
(5)
3,'583r
Other
liabil
ities 2/
(6 )
1)052*
4,770r
155
4,925r
ll,405r
537r
5,684
702r
20,671r
3,597r
15,687r
l,085r
ll,942r
6,386r
24,268r
16^772r
590r
459r
726r
694r
5,663r
706r
6,369r
3,673r
3 ,636r
20,751r
3,808r
24,559r
986r
l,005r
16,296r
l,068r
17,364r
669
3,835
1,072
1
255
298
4,550r
5,048r
296
5,344r
890
353
3,663
887r
Other
assets £/
term
debt 2 /
(2)
146r
Pay
ables 1 /
ll,871r
481r
12,352r
493
Net
position 2/
Bought
Sold
(7)
87b
(8)
1,859
(9)
l,797r
9,763r
l,805r
Ex
change
rate 10/
(10)
0.9582
0.9476
0.9476
0.9476
Posit10ns
held by
offices in:
0.9546
797
670
1,467 '
2,044r
462r
2,107r
2,569r
ll.,568r
l,892r
l,670r
9,613r
l,669r
ll,282r
United States
Abroad
United States
Worldwide
United States
0.9517
0.9444
0.9444
0.9444
United States
Abroad
United States
Worldwide
677
2,117
1,684
0.9362
United States
914r
963r
l,877r
510r
2,009r
870r
2,036r
832
2,519r
Table FCP-III-2. - Weekly Bank Positions 21/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
2/02/77
2/09/77
2A6/77
2/23/77
3/02/77
3/09/77
3A6/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
A/27/77
(1 )
(2)
(3)
693
685
762
798
359
363
409
492
561
475
444
452
334
940
879
906
883
855
892
804
837
781
410
439
389
410
385
333
388
368
353
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
672
772
738
712
722
712
755
962
804
7/06/77
7/13/77
7/20/77
7/27/77
841
938
779
779
439
526
409
467
5/04/77
5/11/77
5/18/77
5/25/77
Net
343
331
382
605
391
Footnotes at end of Table FCP-X-3.
322
353
306
379
404
462
431
445
453
415
427
396
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
50
63
49
42
384
385
(6)
' (7)
10,608
10,232
10,315 , 10,646
348
379
432
438
419
471
500
539
585
496
10,354
10,673
11,018
11,519
11,3,75
11,438
11,415
11,464
11/349
11,393
11,109
10,767
11,016
11,458
jU-,925
11,863
11,903
11,874
11,941
11,807
11,901
11,556
-444
-463
-454
-434
-440
-439
-449
-479
-453
-471
-421
-379
-
28
-24
-12
26
47
124
158
100
(5)
402
Banks in U.S.
Bought
Sold
339
384
370
359
379
381
373
357
413
129
122
111
108
468
506
481
467
10,990
11,437
11,684
12,130
89
75
97
99
77
468
456
470
456
490
11,895
11,655
11,026
11,358
10,875
11,392
11,881
12,147
12,584
12,329
12,095
11,465
11,807
11,354
402
412
73
126
87
75
475
538
457
387
10,881
10,878
11,081
11,150
11,334
11,349
11,502
11,529
370
312
Net
(8)
-376
-331
-413
-343
-440
-406
-488
-465
-459
-477
-458
-508
-447
-402
Net position
Foreign
branch
net
World
wide
net
(9)
(10)
-378
-374
-461
-378
-2
-43
-48
-35
-9
-1
36
35
17
26
-61
-74
-33
-57
-3
-19
-25
-449
-407
-452
-430
-442
-451
-519
-582
-480
-459
-447
-482
-479
-19
11
-28
-28
3
-453
-429
—467
-477
-476
28
-20
3
7
-425
-491
-418
-372
United
Foreign
States 2^/ branch
15/
(11 )
,(12)
-42
48
20
-9
-60
1
-37
7
-61
-9
-2
27
-26
12
23
-34
43
-14
-24
73
-43
63
-81
84
-51
67
72
-63
-60
119
92
-93
-95
83
70
-55
86
-59
-66
69
-92
71
80
-66
-51
-59
-51
-67
101
106
90
82
World
Exchange
wide 16/ rate 12/
-59
-30
-70
25
-14
-11
29
49
20
3
16
(14) _
.9786
.9779
.9745
.9652
.9572
.9516
.9503
.9488
.9475
.9480
.9511
.9551
.9540
9
59
-1
-12
.9553
.9540
..9549
.9525
15
27
3
-21
14
.9474
.9492
.9473
.9436
.9419
50
47
39
15
.9438
.9511
.9551
.9540
(13)
6
11
Scetion 111 - Canadian Dollar Positions
Table FCP-IH-3. - Consolidated Monthly Bank Positions W
Worldwide
End
of
month
l977_Feb.....
Mar.....
Maturity
Assets 19/
Balance sheet items
Liabilities
Net
Bought
(6)
(3)
m-r»
I4r
-207r
-28
91
395r
(7)
(8)
2,192r
l,816r
132r
376r
-23r
11,973
(9)
2.301r
l,948r
353
11,973
738r
557r
307
182
660r
577r
38lr
152
78r
-20r
-74r
30
89
394r
497r
-23r
1,356p
2,523
3,893
2 079
1*677
276
ll,804r
_
1*675
275
12,299r
_
109
(1 )
(2)
(3) Over 1 month-3 months........... .....
(4)
(5)
(6)
(7)
(8)
(9)
Apr..... . (1 )
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot......... .............
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months........ ......
Over 6 months-1 year...... ........ .
Demand/spot.................. •••••••
3 days-1 month................ ••••••
Over 1 month-3 months.......... .....
Over 3 months-6 months...............
Over 6 months-1 year.
Over 1 year.......................
Total of all maturities...'............ .
(9) Summary ((7) + (8)).................
50
2,302
3,195
2,542
1,595
393
_
1,965
2,601
3 295
2*607
1,616
346
12,430
-19
-299
-100
-21
47
4$r
-457
-81r
-23r
-457
-104
_
12,430
l,361r
2,665
4,133
2 190
-5r
-142
-240
-111
2
1
497r
103r
2.429r
l,932r
111
2 540r
134r
2,066r
m r
ll,804r
12 299r
601
532r
374
504r
558r
342r
97r
-26r
32r
Ol ^
-JO
LO
41Qr
867r
2,199
4,288
2,395
1,522
265
ll,407r
-
l,017r
2,323
4,375
2,414
1,543
ll,929r
_
-522
ll,401r
ix,'?(&7r
-522
l,2l6r
3,364
3,135
2,926
1,558
-54
-278
-116
-27
47
-9
-437
±/o
1Lt+
JA
J
O
519r
(8)
(9) Summary ((7) + (8))..............••••
May...... (1 )
(2 )
(3)
(4)
(5)
(6)
(7)
(8)
148
(4)
-65
(5)
(2 )
650r
443r
395r
179
65
84r
1,946
Net
overall
position 21/
(7)
92r
-285r
-307r
—93
Net
(1 )
761
457
188
151
156
479r
(1 ) Dem^nd/apot.........•••••.
(2)
(3)
(4)
(5)
(6)
1
Foreign exchange contracts 20/
Sold
2.352r
113
..... 21.465r.... .
578r
504r
351
201
146
590r
106
109r
1 .832r
135r
1.967r
499r
533r
437r
175
97
146r
113
l,88?r
137r
2 ,330r
520r
-22r
00*
—Jl?VJ
-53r
-171r
-126r
-83
14
416r
-2r
-22r
6
12,439r
12,439r
12,876r
-437
-24r
-I8r
869r
2,699
3,384
3,112
945r
2,927
3,658
3,077
-76
-228
-274
35
36
-23
-40
-296r
-244r
25
99
448r
26
49
404T
240
36
-68r
30r
63
471r
1,362
(7) Total of all maturities..............
(8) Capital assets, liabilities......... .
2,729r
116
2,845r
2,207r
522r
137r
2,344r
-21r
501r
ll,704r
-
12,234r
-
-530
-
ll,704r
12,234r
-530
656
255
63
53
-82
-16
18
383
987
2,204
3,709
2,881
1,443
1,132
2,387
3,896
2,860
1,444
250
-145
-183
-187
210
631
612
469
226
419
11,472
11,969
-497
(8)
(9)
2,612
114
2,726
2,193
137
2,330
-10
(
25r
443r
-24r
419r
-86
674r
569r
489r
215
123
137r
694
665
387
-24r
l,270r
3,642
3,251
2,953
1,511
249
12,876r
79
-29
2,024r
Demand/spot........ ............ .
3 days-1 month.... ......... .......
Over 1 month-3 months.......... .
Over 3 months-6 months......... .....
Over 6 months-1 year.••••••......
)
Over 1 year......... ..............
Total of all maturities..............
Capital assets, liabilities...... .
-21r
-158
-47
-28
710r
501r
519
205
186
608r
July..... (1 )
(2)
(3)
(4)
(5)
(6)
(7)
-81
3$r
395r
-23r
2,44$r
(9)
-314r
-495r
_
-ZQ5r
Demand/spot.... .......... ...••••••••
3 days-1 month.......... ...........
Over 1 month-3 months.............. ..
Over 3 mOnths-6 months...........
Over 6 months-1 year........... .
June..... (1 )
(2)
(3)
(4)
(5)
(6)
73r
-I62r
-23
396
278
248
_
11,472
1,326
301
_
11,969
21
-1
-2
_
-497
-307r
-202r
-1
96
395r
6r
-8r
-21r
-29r
-82
§
i
-130
-269
5
17
381
%
-78
-23
-101
I
January 197 S
137
____ FOREIGN CURRENCY POSITIONS______
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms’ Positions y
(In millions of French francs)
Short-term trade
Position
at end
of month
Feb.
Mar.
Mar.
Mar.
1977
1977
1977
1977
Liquid
assets 2/
(1)
122
4,800r
124
4,924r
Apr. 1977
May 1977
136
149
June 1977
June 1977
June 1977
3,806r
157
3,963r
July 1977
230
Short
term
debt 2 /
(2)
233
10,990r
220
(3)
38lr
24,277r
265r
ll,210r
Forward exchange 8/
Pay
ables 5/
Receiv
ables (J
(5)
(4)
24,562r
259r
322r
IH r
ib 4r
14,9l8r
217
24,808r
864r
25,672r
15,135*
235
234
10,002r
256
23,566
364r
194
174
14,709r
185
10,258r
23,930r
14.894r
322
385
Other
assets £/
205
842r
852r
Other
liabil
ities 2 /
(6)
818
16,579r
928
17,507r
23,500r
l,235r
913
934
17,145r
913
24.735r
*53
I8.058r
967
Net
position 2/
Sold
Bought
Ex
change
rate 10/
Positions
held by
offices in:
(7)
745
556
774
1,330
(8)
2,049
1,785
2,105
3,890
10,l69r
-1,423
8,746r
(10)
4.9813
4.9714
4.9714
4.9714
646
691
651
646
1,297
1,644
1,649
1,596
1,627
-1,103
-977
8,071r
-579
4.9594
4.9419
4.9193
4.9193
7.492r
4.9193
United States
United States
Abroad
United States
Worldwide
565
1,577
4.8816
United States
3,223
(9)
-T,'23*r.
-1,164
United States
Abroad
United States
Worldwide
Table FCP-IV-2. - Weekly Bank Positions n /
(In millions of French francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
(2)
Net
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
Sold
Net
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States 1(u branch
15/
(11)
(12)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
5/04/77
5A1/77
5/18/77
5/25/77
428
421
546
443
491
425
404
416
389
428
386
407
335
303
350
324
353
92
96
148
71
122
144
162
267
136
111
116
131
118
168
166
207
191
336
325
398
372
2,538
2,506
2,483
2,567
2,593
2,648
2,452
2,707
2,988
3,013
2,660
2,539
2,311
2,653
2,492
3,079
3,202
15,896
14,833
15,391
16,139
15,499
16,272
15,883
16,024
16,677
16,182
16,742
16,619
16,001
16,577
16,870
16,056
16,234
16,653
15,622
16,288
17,042
16,371
16,978
16,660
16,543
17,294
16,739
17,286
17,285
16,557
17,102
17 ,3a
16,550
16,797
-757
-789
-837
-903
-872
-706
-777
-519
-617
-557
-544
-666
-556
-525
-471
-494
-563
-2,449
-2,287
-2,268
-2,348
369
281
242
149
253
317
270
276
217
135
184
117
162
2,874
2,831
2,881
2,939
2,962
2,929
2,694
2,856
3,241
3,330
2,930
2,815
2,528
2,788
2,676
3,196
3,364
-2,363
-2,504
-2,215
-2,481
-2,768
-2,713
-2,387
-2,282
-2,077
-2,413
-2,286
-2,827
-2,925
-3,206
-3,076
-3,105
-3,251
-3,235
-3,210
-2,992
-3,000
-3,385
-3,270
-2,931
-2,948
-2,633
-2,938
-2,757
-3,321
-3,488
-421
-464
-439
-531
-503
-425
-535
-370
-364
-240
-274
-390
-339
-390
-287
-377
-401
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7/13/77
7/20/77
7/27/77
333
403
528
635
564
578
653
511
.498
103
87
187
110
125
105
94
85
132
230
316
341
525
439
473
559
426
366
2,948
2,856
2,872
2,752
2,612
2,581
2,757
2,605
2,618
3,178
3,172
3,213
3,277
3,051
3,054
3,316
3,031
2,984
16,379
16,340
16,869
17,280
18,253
18,973
19,003
19,649
19,934
16,828
16,908
17,447
17,929
18,826
19,588
19,769
20,257
20,431
-449
-568
-578
-649
-573
-615
-766
-608
-497
-2,587
-2,464
-2,557
-2,348
-2,153
-2,222
-2,637
-2,268
-2,313
-3,036
-3,032
-3,135
-2,997
-2,726
-2,837
-3,403
-2,876
-2,810
-219
-252
-237
-124
-134
-142
-207
-182
-131
(1)
Footnotes at end of Table FCP-X-3.
(3)
World
Exchange
wide 1£/ rate 12/
(13)
-322
-245
-224
-312
(14) _
4.9714
4.9665
4.9689
4.9838
206
252
277
-273
-281
-298
-144
-144
60
-1
-133
-105
-150
-81
-125
-124
4.9739
4.9838
4.9838
4.9739
4.9665
4.9689
4.9689
4.9566
4.9505
4.9444
4.9591
4.9511
4.9461
361
392
315
404
459
359
120
337
305
142
140
78
280
325
217
-87
155
174
4.9377
4.9444
4.9395
4.9374
4.9167
4.8712
4.9689
4.9566
4.9505
89
219
215
219
230
144
237
226
220
300
273
257
234
240
Section IV - French Franc Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions W
U>
00
Worldwide
End
of
month
Maturity
Assets 19/
(1 )
1977-Feb.
(1 )
(2 ) 3 days-1 month................
(3)
(4)
(5)
(6)
(7)
3 days-1 month................
Over 1 month-3 months......
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot..................
3 days-1 month....... ........
Over 1 month-3 months..........
Over 3 months-6 months........ .
Over 6 months-1 year............
Over 1 year... ...............
(7) Total of all maturities.........
(8) Capital assets, liabilities......
(9) Summary ((7) + (8))............
May.,
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot............ .......
3 days-1 month................
Over 1 month-3 months.... ......
Over 3 months-6 months... .
Over 6 months-1 year............
(7) Total of all maturities.........
(8) Capital assets, liabilities......
(9) Summary ((7) + (8))........... .
Demand/spot............ .......
3 days-1 month.................
Over 1 month-3 months......... .
Over 3 mOnths-6 months..........
Over 6 months-1 year...........
Over 1 year...................
(7) Total of all maturities.........
(8) Capital assets, liabilities......
(9)
(1)
(2)
(3)
(4)
(5)
(6)
July.,
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
2,004
i !o&5
15,709
Over 6 months-1 year............
Over 1 year........ ....... .
(7) Total of all maturities.........
(8) Capital assets, liabilities......
(9) Summary ((7) + (8))............
Apr.
3,212
15.299
410
(8)
(9)
(2)
(3)
(4)
(5)
(6)
3,731
Demand/spot...............
3 days-1 month............... .
Over 1 month-3 months...........
Over 3 months-6 months..... .
Over 6 months-1 year...........
Over 1 year..................
Total of all maturities......... ....
Capital assets, liabilities......
Summary ((7) + (8))..... ...... .
4,638
3*946
3,334
1,601
1,737
1,145
16,037
422
16,459
Balance sheet items
Liabilities
(2 )
4 ,:?Oo
Net
(3)
ft*
—0
?;*(7
Bought
(4)
/ Q1
7 319
o
ion
y, J
.<CU
(5)
(6)
79f P-L
7 520
Q ^Aa
*{7 fVA
O
-0^4
-208
_9/Q
-1 HA/
—x-puo
-25
-3,688
_
2 742
2,041
AM
oUP
Ana
1.194
1,171
1-fJ-yy
1aa
J
11,979
481
12,460
-71
31,543
_
35,231
_
3,249
31,543
-3,688
-1,210
1,241
1,525
939
696
-18
5,779
6,917
8,998
6,071
3,943
453
32,161
35,231
5,477
7,709
9,990
6,675
5,403
397
" ” 3S,'6*i
32,161
35,651
-3,490
5,848
2,705
1,809
662
677
1,163
12,864
493
13,357
r7'ir7
-109
3,320
3,173
-71
3,102
2t yOiC
Net
overall
position 21/
(7)
-i ;Acn
-X
D7X
Q71
7/*L
Forei?n exchange contracts 20/
Sold
.. ""Net
5,155
396
—P/JL
-134
-368
-71
-439
-908
449
533
335
-764
38
-317
302
-792
-992
-6O4
-1,460
56
-3,490
-388
6,504
3,132
1,255
1,335
304
1,164
13,694
507
-2,125
1,018
1,891
425
1,285
-79
2,415
5,520
6,042
9,123
6,395
4,078
573
37,731
5,448
6,248
10,280
6,603
5,496
577
34,652
72
-206
-1,157
-208
-1,418
-4
-5,921
-17
-
-
-
-17
16,599
4,985
4,161
2,878
1,609
1,458
1,146
14 201
2 398
31 731
5,776
3,130
1,360
1,181
230
1,171
-791
1,031
1,518
428
1,228
-25
4,862
6,455
8,964
7,141
3,804
459
34,652
5,492
7,134
9,982
7,831
4,358
442
-2 921
-630
-679
-1,018
-690
-554
17
-523
-1,421
352
500
-262
674
-8
16,237
//n
12,848
31,685
35 239
-3 554
-165
16,677
13,377
3 ?nn
31,685
35,239
5,435
3,812
6,233
2,020
1,280
1,142
19,922
6,797
2,597
1,768
1,073
225
1,187
4,764
7,580
8,206
8,409
2,823
742
13,647
' -1,362
1,215
4,465
947
1,055
-45
6,275
32,524
4,869
8,113
11,647
9,952
3,343
704
38,*>28
-3 554
-1ST.
-533
-3,441
-1,543
-520
38
555
20,477
544
14,191
11
6,286
32,524
38,628
4,993
3,889
2,994
1,904
1,135
1,217
16,132
6,206
3,026
1,972
579
265
1,168
13,216
5,195
6,845
9,539
9,463
4,385
1,001
36,428
""5,417
7,218
9,708
10,875
4,599
1,058
39,275
-2,847
579
-
-
-
&9
-28
s.
551
-1,213
863
1,022
1,325
870
49
2,916
-28
39,275
-2,847
41
t-
4,379
4,150
3,146
1,760
1,589
1,085
16,109
490
16,683
-2,053
812
734
217
-133
-83
...
07
13,795
2,888
=506....
-89
36,428
'
-6,104
-6,104
""
---
-3BSS.. .
-373
-169
-1,412
-214
-57
-254
-...- 1 , W " ..
682
1,024
-596
535
-7
...... m ~ ..
11
182
-1,835
490
853
-87
656
-8
3*
|
g5
January 1978
139
.FOREIGN CURRENCY POSITIONS.
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms* Positions 1/
Short-term trade
Position
at end
of month
Feb.
1977
Mar.
Mar.
Mar.
1977
1977
1977
Apr.
S&y
June
June
June
July
1977
1977
1977
1977
1977
1977
Liquid
assets 2/
(1)
1,201
7,331
1,243
8,574
1,236
1,189
7,8l3r
1,077
8,890r
Short
term
debt 2/
(2)
796
7,231r
771r
8,002r
Pay
ables
(3)
21lr
(4)
15,051r
219r
15,270r "
ll,090r
l,363r
Ik , 4 53r
19,060r
l,379r
r-%T,^ r "
26?r
275r
14,874r
262r
I5,i;&>r
1,627
l,9l8r
10,849r
2,135r
..l’,389f
1,498
19,134r
l,509r
l£,984r
2,281
20,645r
1,482
678
692r
7,845r
729r
8,$74r
1,101
Forward exchange 8/
Other
assets £/
Receiv
ables t j
810
252
(5)
i,865r
Other
liabil
ities 2/
(6)
2,851
16,960r
2,861
TSTBSr.
Bought
2,882 !
2,890
16,191r
2,877r
iy,Ub8r
2,785
Sold
(7)
(8)
1,072
1,727
2,799
1,073
1,156
2,229
Net
Ex
position 2/ change
rate 10/
(9)
(10)
...-535“ “
ajseo:—
6,160r
2.3909
-1,583
2.3909
' 4,S77r
2.3909
1,713
1,673
996
1,659
2,655
1,808
1,780
905
1,901
2,806
1,923
-2,268
-2,440
6,845r
-2,651r
-4,i94r
-2,926
2.3590
2.3582
2.3389
2.3389
2.3389
2.2872
Positions
held by
offices in:
United States
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
Table FCP-V-2. - Weekly Bank Positions 11/
(In millions of marks)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Net
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
(2)
(3)
(4)
(5)
865
943
881
845
806
786
756
808
803
856
754
742
762
354
263
284
218
4,185
4,259
4,074
3,417
389
157
2,534
2,726
2,812
2,928
2,989
3,038
3,109
3,448
3,282
4,539
4,522
4,358
3,635
2,923
3,046
3,163
3,260
3,320
3,312
3,435
3,696
3,439
24,207
24,350
23,237
23,001
3/02/77
3/09/77
3A6/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
1,219
1,206
1,165
1,063
1,195
1,096
1,107
1,140
1,134
1,130
1,080
990
919
5/04/77
5/11/77
5/18/77
5/25/77
917
893
837
822
633
698
695
649
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7A3/77
796
778
757
729
711
777
765
791
745
569
662
634
581
574
284
195
142
173
227
116
123
148
137
136
136
174
166
2,981
3,133
3,429
3,113
3,509
3,659
3,819
4,121
4,308
4,723
4,445
4,742
5,201
(1)
2/02/77
2/09/77
2A6/77
2/23/77
7/20/77
1/21/77
641
629
617
579
Footnotes at end of Table FCP-X-3.
310
351
332
331
274
326
248
(6)
Sold
(7) '
Net
(8)
-430
-231
-171
-164
-359
23,383
22,S$7
22,005
21,002
22,^43
21,462
23,908
23,^53
24,289
24,637
24,581
23,408
23,165
23,742
23,235
22,690
21,381
1 23,132
21,738
23,883
24,'204
24,448
-685
-359
, -389
-276
25
-251
-159
3,265
3,328
3,571
3,286
25,577
27,278
24,040
25,751
25,653
27,584
24,128
25,908
3,736
3,775
3,942
4,269
4,445
4,859
4,581
4,916
5,367
24,244
26,341
24,534
24,645
27,457
26,556
28,521
28,500
27,899
24,479
26,596
24,713
24,950
27,409
26,660
28,578
28,534
28,157
Foreign
branch
net
(9)
(10)
United
Foreign
States 14/ branch
12/
(12)
- (U)
-76
852
32
1,203
1,147
113
1,233
54
768
30
892
-338
1,175
-334
-27
1,429
-58
1,153
-2
1,274
1,250
351
-3
953
-2
1,407
-1,764
-1,859
-2,495
-1,875
-3,763
-3,287
-3,098
-2,348
-2,125
-2,492
-2,322
-1,858
-2,22g
-2,040
-1,834
-2,476
-2,034
-76
-306
-88
-157
-1,694
-2,214
-2,167
-1,805
-1,770
-2,520
-2,255
-1,962
208
-111
54
16
-235
-255
-179
-305
48
-104
-57
-34
-258
-2,006
-2,322
-2,461
-2,993
-2,963
-3,546
-3,097
-3,198
-3,697
-2,241
-2,577
-2,640
-3,298
-2,915
-3,650
-3,154
-3,232
-3,955
-8
-139
-56
-157
185
32
79
-648
-3,333
-3,056
-2,927
-2,184
-1,766
-1,844
-1,637
-1,499
-1,836
Net position
World
wide
net
140
-92
World
Exchange
wide 16/ rate 17/
_H3)
776
1,235
1,260
1,287
798
554
841
(14)
2.4178
2.4036
2.3998
2.3966
1,095
1,272
1,601
950
1,405
2.3935
2.3987
2.3912
2.3889
2.3892
2.3869
2.3677
2.3745
2.3590
1,287
919
1,262
1,308
1,495
808
1,316
1,324
2.4393
2.3722
2.3579
2.3596
1,503
1,337
1,358
1,128
1,345
1,177
1,348
1,544
1,504
1,495
1,198
1,302
971
1,530
1,209
1,427
1,684
1,412
2.3563
2.3582
2.3538
2.3547
2.3359
2.3159
2.3677
2.3745
2.3590
1,402
Section V - German Mark Positions
Table FCP-V-3. - Consolidated Monthly Bank Positions is/
Worldwide
End
Maturity
Assets 19/
month
(1)
Demand/spot.......................
3 days-1 month... ..... ............
Over 1 month-3 months................ .
Over 3 m0nths-6 months..............
Over 6 months-1 year................
Over 1 year.................... »...
Total of all maturities.............
Capital assets, liabilities..........
6,728
12,511
14,029
6,498
3,802
11,230
54,798
Mar,...... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot......... ............. .
3 days-1 month........ .............
Over 1 month-3 months........... .....
Over 3 months-6 months........ ......
Over 6 months-1 year.................
Over 1 year.................... .
Total of all maturities..............
Capital assets, liabilities..........
Summary ((7) + (8)).................
6,560
14,319
11,063
6,635
3,725
11,022
Apr,......
3 days-1 month.....................
Over 1 month-3 months................
Over 3 months-6 months...... .
Over 6 months-1 year.............. .
54.464
7,021
13,945
12,009
6,189
4;200
10,676
54.040
1.11*
May..... [1)
[2)
[3)
(4 )
[5)
(6)
Demand/spot.......... .............
3 days-1 month................. .....
Over 1 month-3 months........ .... .
Over 3 months-6 months......... ......
Over 6 months-1 year.................
Over 1 year........................
(7) Total of all maturities........ ......
(8) Capital assets, liabilities...........
(9) Summary ((7) + (8)).................
June..... (1) Demand/spot........ ............... .
[2) 3 days-1 month.....................
[3) Over 1 month-3 months................
[4) Over 3 months-6 months....... ...... .
[5) Over 6 months-1 year............. .
[6) Over 1 year........................
[7) Total of all maturities..... ..........
[8) Capital assets, liabilities...........
JUIy.... (l)
i2)
(3)
(4 )
(5)
Demand/spot................. ....... r
3 days-1 month............... ......
Over 1 month-3 months................
Over 3 months-6 Tnrnnfrhfl............ .
Over 6 months-1 year.................
.... ....................
[7) Total of all maturities....... .
(8) Capital assets, liabilities..........
[9) Summary ((7) + (8))............... .
.
.. ..
6,753
13,700
14,104
6,274
4,098
11,161
50,090
1,182
*57 010
Foreietn exchange contracts 20/
r
Sold
Net
Net
overall
position 21/
(7)
(2)
(3)
(4)
(5)
(6)
10,653
13,040
12,300
4,586
3,209
7,449
51,237
2,012
-3,925
-529
1,729
1,912
593
3,781
3,561
11,288
15,456
15,173
13,077
8,017
3,112
11,224
16,369
16.276
13,014
8,316
3,382
68,581
-913
-1,103
63
-299
-270
68,581
-2,458
1,103
-595
508
64
-2,458
-3,861
-1,442
626
1,975
294
3,511
-595
2,966
66,123
66,123
9,824
15,223
9,049
4,614
2,956
7,414
49.080
2,013
-3,264
-904
2,014
2,021
769
3,608
10,088
13,023
14,683
14,416
7,483
3,068
10,485
14,180
15,163
14,119
8,322
3,469
-397
-1,157
-480
297
-839
-401
-3,661
-2,061
1,534
2,318
-70
3,207
4,244
-873
62,761
-
65,738
-
-2,977
-
1,267
-873
51.093
10,
15,225
9,022
4,285
3,098
7,294
49,810
2,014
51,824
—3*371
-3,865
-1,280
2,987
1,904
1,102
3,382
4,230
-836
3,394
62,761
13,23^
12,048
15,715
14,129
7,253
3,282
65,665
b5,bb?
65.738
.13,934
12,951
16,683
13,486
7,934
3,594
68.584
—
" SB,584
-2,977
-698
-903
—968
643
-681
-312
-2.919
394
-4,563
-2,183
2,019
2,547
421
3,070
1,311
-836
472
9,466
16,105
10,796
4,550
3,443
7,287
51,647
1,992
-2 713
-2*405
3,308
1,724
655
3,874
10,769
13,805
18,203
14,464
8,420
3,507
10,572
15,170
18,889
15,127
8,760
3,669
69 168
72 187
197
-1,365
-686
-663
-340
-162
n mq
53,249
53,324
1,140
Bought
A
2,919
-810
53 639
3,633
6,744
14,878
13,412
6,702
5,612
%043
56,391
10,445
15,224
11,118
4,708
3,001
7,312
51,808
-3 701
-346
2 294
1*994
2,611
1,731
4,583
1,195
2,037
-842
57,586
53,845
3,741
6,983
15,088
12,469
6,770
4,467
10,012
55,789
10,721
16,426
9,686
4,605
2,652
7,110
51,200
1,200
56,989
2,020
53,220
69,168
1,424
-810
72,187
-3,019
614
_ 2o4
—OJLO
—ouy
77
•• LL'i.
14,240
19,166
20,609
14,119
8,378
3,658
An
OUpJLf\J
-2,727
-3,417
-1,164
1,485
1,197
2,215
1,540
1,856
T7M1
80,170
-2,727
17,888
15,020
18,393
13,749
8,846
3,981
-§4
-1,496
-1,623
-127
130
-70
-3,280
-3,280
18 348
19 800
TOO
71,vo
OtP.O
17017
-(?(
“vVO
1Q1
-842
4,589
77,877
1*7,9^2
16,516
20,016
13,876
8,716
4,051
81,157
-820
3,769
77,877
81,157
-3,738
-1,338
2,783
2,165
1,815
2,902
(6) Over 1 year
-2,516
-3,770
2,622
1,061
315
3,712
1,014
jB32 ”
-2,834
1,160
2,038
1,945
2,832
1,309
-820
489
CURRENCY POSITIONS.
(2)
[3)
(4)
(5)
1,417
56,215
Net
.FOREIGN
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
1977-Feb.....
Balance sheet items
Liabilities
141
January 1978
____ FOREIGN CURRENCY POSITIONS
Section VI - Italian Lira Positions
Table FCP-VI-1. - Nonbanking Firms’ Positions %/
Forward exchange 8/
Short-term trade
Position
at end
of month
Feb.
Mar.
Mar.
Mar.
Apr.
May
June
June
June
1977
1977
1977
1977
1977
1977
1977
1977
1977
Liquid
assets 2J
Short
term
debt 2 /
(2)
Payables 2J
Receiv
ables i j
n.a.
n.a.
Other
liabil
ities 2/
204,381
Net
Ex
position 2/ change
rate 10/
Sold
Bought
(6)
(7)
(4)
(5)
1
^i,6i6 ."157206 “
14,528r
81,'749iI
l,593,426r 2,089,857i1 l,997,352r
26,979
81,891a(
17,292
30,582
13.520r
l,606,946r 2,171,748r 2,027,934r
44.271
17,262
29,818
79,2151i
15,025r
i
29,499
69,040
49,204*
13,265
l,511,700r l,969,565i• l,846,687r
40,817
13,4M
54,529l[
31,173
66,884
1,525,114r 2,024,0941• l,877,860r 107.701
48,856
27,089
65,231
13,434
(3)
(1)
4,186
%,7±3
248,359*
471,425r l,286,085r 2,836,218r
218,563r
4,182
45,759
475,607r l,331,844r 3,054*783*
55,379
208,326r
4,334
4,192
204,327r
97,871
400,052r 1,207,664 2,745,927r
4,248
104,473
170,400r
1.312.137 2.9l6.327r
July 1977
Other
assets £/
Positions
held by
offices in:
(8)
132,'£§7
186,580
113,337
299,917
111,229
89,995
(9)
TI2;335"'
361,036r
118,730r
479,766r
9*7,£$6 1
96,133
887.71
887.71
887.71
886.70
885.54
Worldwide
United States
United States
271,208
78,344
349.552
78,026
319,102r
68,657
387.759r
104,142
884.75
884.75
884.75
881.64
Abroad
■ United States
Worldwide
Halted States
(10)
884.56
United States
Abroad
United States
Table FCP-VI-2. W e e k l y B a n k Positions11/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7/13/77
7/20/77
7/27/77
Net
Foreign
branch
net
(1)
(2)
(3)
(4)
39,238
33,403
41,738
52,620
331
4,643
2,792
1,313
915
929
1,844
608
4,353
1,595
9,602
807
4,165
905
6,105
1,227
10,702
6,137
711
2,997
6,624
6,671
6,722
14,080
6,540
8,928
38,907
28,760
38,946
51,307
63,027
46,435
46,191
47,994
33,197
31,876
23,641
39,424
38,644
48,467
42,376
43,586
43,440
39,128
51,572
50,603
53,496
49,117
133,414
119,518
127,117
105,295
135,076
171,701
175,468
144,789
130,631
U4,547
159,070
118,911
152,894
133,371
133,768
130,140
102,918
161,877
194,509
142,237
164,929
175,886
159,281
138,751
106,590
98,927
63,942
47,364
48,035
48,602
37,550
33,471
33,243
40,231
42,809
49,372
48,481
44,813
54,142
45,265
52,283
53,600
60,120
55,788
55,451
28,631
53,629
34,650
48,729
14,551
47,089
25,722
Footnotes at end of Table FCP-X-3.
Exchange contracts 13/
World
wide
net
Baziks in U.S.
Net position
Foreign
branch
net
World
wide
net
(5)
(8)
(7)
(6)
(9)
776,805 850,573 -73,768 -76,247
813,734 862,758 -49,024 -50,338
757,218 828,578 -71,360 -75,620
797,858 881,133 -83,275 -65,139
723,281 823,514 -100,233 -87,995
198,103
218,136
715,141 789,642 -74,501 •136,217
766,100 841,803 -75,703 •132,621
221,659
192,783
742^348 815,860 -7^,512} -99,990
163,828
786,522 1329,872 -4?,350 -66,736
737,177 781,383 —44,206 -70,192
146,423
744,521 781,518 -3^,997 •122,552
182,711
158,335
719,251 1 774,639 -55,388 -67,291
788,968 840,179 -51,211 -96,808
191,538
181,838
834,933 896,116 -61,183 ' -80,320
176’ 144 , 84O 1461 890,724 -50*578 -80,827
173,726 1 832,503' 1 875,799 -43,296
-79,567
146,358
919;204 964,740 -45,,536 t -51,350
895,500 938,950 -43,450 -80,552
201,005
.120,386
246,081
890,654 ■942,437
949,681, 998,032 -48,351 -68,293
192,840
959;105 1,,003,883 -44,778 -75,231
218,425
225,003 1,014,280 1,,050,491 -36,211 -83,062
208,010
994,432 1,032,738 -38,306 ' -73,840
153,302 1,021;174 1,,035,051 jl3,87t. -38,705
153,679
978,940 1,026,228 ±47,28? -29,293
965,326 '994,919 -29,593 -30,205
124,649
(10)
172,321
148,278
166,063
156,602
-150,015
-99,362
-146,980
-148,414
-188,228
-210,718
-208,324
-173,502
-110,086
-114,398
-159,549
-122,679
-148,019
-141,503
-131,405
-122,863
-96,886
-124,002
-172,169
-116,644
-120,009
-119,273
-112,146
-52,582
-76,581
-59,798
Bought
Sold
Net
United
Foreign
States IAj branch
15/
(11)
(12)
-34,861
57,167
69,180
-20,264
51,497
-32,414
-31,968
40,156
-37,206
47,081
-28,066
35,484
-29,512
42,847
-25,518
44,799
63,895
-10,153
-12,330
44,355
-13,356
36,518
51,620
-15,964
56,086
-12,567
-12,716
53,051
-8,202
52,941
290
50,573
-2,096
51,568
-4,322
81,32$
-211
74,123
2,252
73,944
89,698
8,718
12,906
92,824
10,423
674
-199
-3,871
85,441
100,046
77,297
68,722
World
wide w
Exchange
rate 12/
(13)
22,306
48,916
19,083
8,188
9,875
7,418
13,335
19,281
53,742
32,025
23,162
35,656
43,519
40,335
44,739
50,863
49,472
77,003
73,912
76,196
98,416
105,730
(14) _
881.45
882.22
882.22
882.22
885.35
884.56
886.92
887.71
887.71
886.92
886.92
886.92
886.33
886.13
886.13
886.13
885.54
885.54
885.35
885.35
884.95
884.76
95,864
100,720
77,098
64,851
883.78
886.92
886.92
886.33
Treasury Bulletin
142
_____ FOREIGN CURRENCY POSITIONS_______
Section VII - Japanese Yen Positions
Table FCP-VII-1 - Nonbanking Firms’ Positions 1/
Forward exchange 8/
Short-term trade
Position
at end
of month
Feb.
Mar.
Mar.
Mar.
Apr.
May
June
June
June
1977
1977
1977
1977
1977
1977
1977
1977
1977
July 1977
Liquid
assets 2/
(1)
71,655
184,921
75,609
260,530
• 73,073
76,830
203,247
54,550
257,797
52,765
Short
term
debt 2 /
(2)
72^
303,371
1,246
304,617r
644
673
277,721
706
278,427
681
(3)
25,499
671,225
21,121r
692,346r
Other
liabil
ities 2/
Other
assets £/
Pay
ables 5/
Receiv
ables u
(4)
25,955
466,313
25,OOOr
491,313^
21,428r .“ 25,Uttar
27,109
25,416
431,685r
637,487
22,032
24,973
659,519
456.658r
22,077
27,643
(5)
J0';TOr1
392,885
32,927r
425,812r
47,325
50,063
(6)
"10,083
336,825
10,061
346,886
9,9^9
10,001
409,556
50,382
459,938
35,260
375,987
10,302
386,289
10,261
Net
position 2/
Sold
Bought
(7)
66,7lSr
20,808r
69,861r
90,669r
71,214r
68,885
30,111
100,371
130,482
87,135
(8)
111,079
4,676r
114,322r
118,998r
115,103r
113,319
11,851
116,127
127,978
98,180
Ex
change
rate 10/
Positions
held by
offices in:
(10)
282.77
(9)
4&,39^r
158,654r
48,889r
207,543r
62,25&r
70,092
277.43
277.43
277.43
277.40
277.28
United States
Abroad
United States
Worldwide
United States
United States
183,157r
75,227
258,384r
'"""6(1,472.
267.00
267.00
267.00
266.63
Abroad
United States
Worldwide
United States
Table FCP-VH-2. - W e e k l y B a n k Positions 21/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7/13/77
7/20/77
7/27/77
(1)
100,245
97,822
99,228
96,006
93,821
91,424
89,039
88,201
87,162
84,923
85,592
86,728
82,384
84,853
71,245
66,946
66,735
66,333
65,785
57,180
52,905
60,866
62,914
62,335
63,469
56,725
(2)
Net
10,837
11,333
12,695
11,123
12,666
12,265
12,044
11,590
14,088
11,338
13,200
11,647
13,298
(3)
89,408
86,489
86,533
84,883
81,155
79,159
76,995
76,611
73,074
73,585
72,392
75,081
69,086
13,569
14,678
9,611
12,604
10,240
10,831
12,891
11,292
10,955
12,950
13,184
13,148
14,034
71,284
56,567
57,335
54,131
56,093
54,954
44,289
41,613
49,911
49,964
49,151
50,321
42,691
Footnotes at end of Table FCP-X-3.
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
402,685
397,728
401,367
401,626
492,093
484,217
487,900
486,509
401,479
400,620
396,185
392,783
386,212
386,622
395,483
390,449
392,441
388,065
390,740
392,976
386,454
388,686
391,893
396,205
397,000
410,250
385,801
409,753
390,374
397,708
(5)
Banks in U.S.
Bought
Sold
Net
(6)
(7)
(8)
-83,938
-77,883
-75,878
-70,650
-62,850
-66,622
-66,526
-63,340
-65,320
482,634
479,779
473,180
469,394
459,286
460,207
467,875
465,530
461,527
832,687
916,625
814,996
892,879
939,937
864,059
838,528
909,178
888,315
951,165
975,801
909,179
949,482
882,956
947,957 1,011,297
935,551 1,000,871
933,234 1,001,918
971,808 1,039,041
1,006,607 1,064,517
970,810 1,025,638
-68,684
-67,233
-57,910
-54,828
459,349
447,307
450,311
440,585
444,779
446,847
440,494
438,613
460,161
435,765
458,904
440,695
440,399
951,733
991,497
979,229
1,002,505
944,166
1,030,389
1,019,059
1,014,097
1,029,231
1,038,509
1,083,864
1,005,997
1,034,910
1,013,252
1,047,178
1,023,658
1,042,980
986,900
1,072,400
1,048,571
1,042,049
1,059,784
1,079,052
1,113,657
1,053,354
1,070,548
-61,519
-55,681
-44,429
-40,475
-42,734
-42,011
-29,512
-27,952
-30,553
-40,543
-29,793
-47,357
-35,638
Net position
Foreign
branch
net
World
wide
net
... ,(9)
-338,831
-332,757
-334,811
-334,561
-333,260
-334,400
-328,020
-325,377
-314,103
-318,818
-320,588
-323,259
-315,207
-422,769
-410,640
-410,689
-405,211
-396,110
-401,022
-394,546
-388,717
-379,423
-387,502
-387,821
-381,169
-370,035
-312,021
-315,120
-310,230
-307,660
-312,682
-314,607
-312,135
-324,025
-331,028
-308,113
-325,642
-310,199
-314,405
(10)
-373,540
-370,801
-354,659
-348,135
-355,416
-356,618
-341,647
-351,977
-361,581
-348,656
-355,435
-357,556
-350,043
United
States 1
Foreign
branch
World
Exchange
wide 16/ rate 12/
w
(12)
(ID
5,470
8,606
10,655
14,233
18,305
12,537
10,469
13,271
7,754
4,901
5,159
17,171
14,258
63,854
64,971
66,556
67,065
68,219
66,220
68,165
67,406
72,109
67,804
74,895
67,190
77,234
9,765
886
12,906
13,656
13,359
12,943
14,777
13,661
19,358
9,421
19,358
2,964
7,053
86,524
78,757
78,634
80,677
79,863
72,705
80,054
84,361
91,492
(14) _
288.06
285.84
283.77
283.41
283.17
282.29
281.81
277.43
277.70
273.15
272.18
278.44
277.66
76,044
75,620
82,746
78,794
76,004
77,286
84,070
72,975
79,222
85,809
76,506
95,652
92,450
89,363
90,229
98,847
86,636
98,580
276.63
278.01
277.43
277.37
277.20
274.12
272.52
271.63
267.31
77,688
84,111
80,175
83,303
87,109
103,469
83,139
90,356
265.41
272.18
278.44
277.66
,. (13),
69,324
73,577
77,211
81,298
Section VII - Japanese Yen Positions
Table FCP-VH-3. - Consolidated Monthly Bank Positions is/
Worldwide
End
of
month
Mar
Assets 19/
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
171,151
447,833
711,805
200,680
61,494
27,524
1,620,487
26,611
1,647,098
415,051
221,678
272,557
183,741
30,296
Maturity
(3)
(4)
(5)
(6)
(7)
(8)
.....................
Over 1 month-3 months...............
Over 3 m0nths-6 months..............
Over 6 months-1 year............. .
Over 1 year........ ............,...
Total of all maturities..............
Capital assets, liabilities..........
. . (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot............ .
3 days-1 month......................
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year..............................
Total of all maturities............ .
Capital assets, liabilities..........
Summary ((7) + (8)).................
Apr..... (l) Demand/spot..................... .
(8) Capital assets, liabilities..........
May..... (l) Demand/spot............ ...........
(3) Over 1 month-3 months...............
(4) Over 3 manths-6 months..............
(6) Over 1 year.......................
(8) Capital assets, liabilities....... .
Jane...
(5)
(6)
(4)
Net
overall
position 21/
(7)
1,168,924
478,174
436,198
255,680
283,159
150,587
39,221
7,482
1,182,327
35,848
-264,525
133,714
497,718
45,220
17,313
20,272
449,712
-9,496
1,208*.175_
254,309
285,188
119,586
54,048
10,143
_440,216
-262,100r
156,265
473,419
56,784
13,168
19,587
1,571,917*
29,807r
1,605,998
1,114,794r
36,040
457,123r
-6,233r
l,932,802r
-
2,310,981r
-
-378,179r
-
450,890r
1,932,802r
2,310,981r
-378,179r
141,900
507,986
732,759
120,784
42,472
32,946
1,578,847
356,732
297,940
388,256
58,801
30,335
9,738
1,141,802
171,996
462,473
582,370
402,413
206,113
9,852
1,835,217
166,047
554,392
720,251
509,732
221,610
19,935
2,191,967
5,949
-91,919
-137,881
-107,319
-15,497
-10,083
-356,750
-208,883
118,127
206,622
-45,336
-3,360
13,125
80,295
30,431
1,609,278
37,107
-6,676
-
-
-
-6,676
1,178,909
430,369
-^,557
67,795
504,769
69,811
4,958
18,870
1,835,217
-356,750
73,619
443,646
2,019,649
-
2,191,967
.. *11,181
617,014
717,089
521,106
213,990
22,665
2,403,045
"10,757
-129,493
-152,498
-68,657
-15,678
-6,313
-383,396
-61,698
352,271
1,154
-10,720
12,557
60,250
21,325
1.622.039
26,352
1,648,391
129,420*
410,574
758,607
176,370
67,216
29,730
.. '
l,150,834r
-214,832
210,046
344,503
61,983
12,137
23,208
437,045
... .
363,773
307,792
78,327
34,493
9,324
1,146,606
30,741
37,835
1,620,993
1,184,441
365,123
288,349
400,155
74,959
27,329
14,838
(8)
(7) Total of all maturities.............
Capital assets, liabilities..........
151,146
437,233
790,769
152,060
29,405
28,168
1,588,781
31,358
1,170,953
38,040
-214,177
148,884
390,614
77,101
2,076
13,330
417,828
-6,682
(9) Summary ((7) + (8))................
1,620,139
1,208,993
411,146
Demand/spot......................
3 days-1 month....................
Over 1 month-3 months..............
Over 3 manths-6 months..............
Over 6 manths-1 year...............
Over 1 year......................
Net
1,134,648
34,276
130,346
431,568
812,561
148,138
39,451
28,194
1,590,252
JUly.... (1)
(2)
(3)
(4)
(5)
(6)
Foreien exchange contracts 20/
Sold
-243,900
226,155
439,248
16,939
31,198
16,199
485,839
-7,665
171,673
389,394
780,877
195,807
56,534
27,754
...
Bought
-7,094
436,552
9,018
-79,625
-138,453
-132,674
-37,086
-18,720
-234,882
146,530
300,795
-115,735
-5,888
-2,521
-397,540
-
88,299
-7,665
1,792,339
2,189,879
-397,540
80,634
169,156
426,818
698,032
603,940
265,679
29,772
2,193,397
-
10,506
-81,002
-133,681
-144,577
-21,500
-18,091
-388,345
-
-254,019
52,712
364,037
-99,357
-4,187
2,181
61,367
-9,496
2,193,397
zzi,?;*?
478,024r
795,950r
549,736r
240,006r
25,730
-388,345
12,174
-84,575r
-154,042r
-126,52lr
-ll,213r
-14,002
51,871
-249,926r
71,690r
319,377r
-69,737r
l,955r
5,585
78,944r
-6,233r
1,805,052
----- 2337709-----393,449r
64i;908r
423,215r
228,793r
11,728
487,521
564,591
452,449
198,312
16,352
00
72.711r
... '
-
-
2,019,649
2,403,045
-383,396
-7,094
53,156
288,269
406,303
646,114
443,617
210,550
16,303
2,011,156
274,813
557,990
776,291
501,435
225,828
25,355
2,361,712
13,456
-151,687
-130,177
-57,818
-15,278
-9,052
-350,556
-200,721
-2,803
260,437
19,283
-13,202
4,278
67,272
2,011,156
2,361,712
-350,556
-6,682
60,590
3
VO
216,027
207.009
414,385
(2) 3 days-1 month 494.010
494,821
633,274
424,849
557,523
233,726
270,812
27,251
8,531
1,792,339
2,189,879
-
179,662
345,816
564,351
459,363
244,179
11,681
1,805,052
-
&
5
«
6
144
Treasury Bulletin
FOREIGN CURRENCY POSITIONS,
Section VIII - Swiss Franc Positions
Table FCP-VHI-1. - Nonbanking Firms’ Positions
Position
at end
of month
Feb.
1^77
Mar. 1977
Mar. 1977
Mar. 1977
Apr. 1977
May 1977
June 1977
June 1977
June 1977
July 1977
Liquid
assets 2 /
(1 )
403
l,e?Or
260
.r,93CJr
267
253
1,591
280
1.871
291
Short-term
Short
term
Receiv
ables i j
debt 2 /
(2)
(3)
52
1,461
l,812r
1,115
53
1,159
'"2,27/T". i,86i>r
59
1,123
93
1,132
1,659
60
1,119
2.251
1.719
1,141
54
Forward exchange 8/
trade
Other
assets 6/
Other
liabil
ities 2 /
(4)
194
984r
203
l,187r
(5)
... '534 11
3,900r
531
4,431r
(6)
216'
” 533'.
507
Payables
193
l,020r
232
l,252r
228
1/
3,774r
532
4 ,306r
554
Net
position 2/
Sold
Bought
(8)
4,994r
3*,853
8,847r
(7)
434
174
293
467
3,844
3,611
.. m ...
373
4,898r
3,587
410r
8,485r
3,442
724r
347
314
(9)
-4,309
316r
-4,217.
-3,901r
-4,171
-3,895
90r
-3,826r
-3,736r
167
139
3o6
170
194
198
170
368
139
-3,704
Ex
change
rate 10/
Positions
held by
offices in:
(10)
’ ^2.5530
2.5445
2.5445
2.5445
United States
Abroad
United States
Worldwide
2.5255
2.5050
United States
United States
2.4624
2.4624
2.4624
2.4044
Abroad
United States
Worldwide
United States
Table FCP-VIII-2. - Weekly Bank Positions n /
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Net
(1)
(2)
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
5/04/77
5/L1/77
5A8/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
1,113
933
1,041
1,014
980
969
985
955
912
763
609
619
676
710
593
628
612
602
701
505
478
415
742
663
712
606
371
270
329
605
645
582
375
324
403
374
323
7/06/77
7A3/77
7/20/77
7/27/77
474
483
424
431
(3)
408
581
589
523
4a
367
240
188
252
290
386
427
395
480
283
198
148
397
215
400
401
308
202
300
376
292
213
247
240
257
197
102
123
261
236
184
174
Footnotes at end of Table FCP-X-3.
Exchange contracts 13/
World
wide
net
Bought
(4)
(5)
_ (6 )
2,203
2,581
2,304
2,564
2,469
2,349
2,317
2,574
2,851
2,633
2,972
Foreign
branch
net
2,416
2,702
2,262
2,378
2,483
2,289
2,384
2,359
2,131
2,317
2,379
2,171
2,490
2,451
2,550
2,514
2,344
2,289
2,213
2,844
2,673
2,720
2,790
3,025
2,502
2,566
2,735
2,579
2,667
2,557
2,279
2,532
2,581
2,471
2,687
2,553
2,673
2,775
2,580
2,473
2,387
Banks in U.S.
12,428
12,340
11,838
11,745
12,460
12,954
12,038
13,223
12,055
12,553
12,982
13,340
13,875
13,497
13,878
12,246
12,212
12,389
17,046
11,728
12,210
12,474
11,295
12,448
11,953
12,111
Sold
(7)
Net
(8 )
Foreign
branch
net
Net position
World
wide
net
(10)
14,365
-561
-245
-478
-490
(9)
-2,078
-2,306
-1,953
-2,063
-2,115
-2,099
-2,055
-2,043
-2,655
-2,212
-2,175
-2,243
-1,878
-2,485
-2,530
-2,305
-2,426
-2,538
-2,728
-2,800
-2,650
-3,285
-2,773
-2,420
-2,721
-2,368
13,895
14,229
12,633
12,706
12,754
17,476
12,084
12,496
12,768
11,626
12,677
12,109
12,335
-398
-351
-387
-494
-365
-430
-356
-286
-294
-331
-229
-156
-224
-2,095
-2,173
-1,885
-1,976
-2,019
-1,738
-2,146
-2,035
-2,179
-2,223
-2,071
-1,816
-1,940
-2,493
-2,524
-2,272
, -2,470
-2,384
-2,168
-2,502
-2,321
-2,473
-2,554
-2,300
-1,972
-2,164
12,835
12,564
12,190
12,108
12,883
13,583
12,783
13,830
12,685
13,114
13,227
13,818
-407
-224
-352
-363
-423
-629
-745
-607
-630
United
Foreign
States 2£/ branch
15/
(11 )
(12)
-36
125
46
275
351
-23
501
45
-48
354
250
-305
262
-342
373
-233
-307
47
-321
50
-57
203
-226
240
-200
411
-115
-153
-239
-279
-163
-130
-159
-184
-171
-70
7
28
-50
289
186
World
Exchange
wide 1£/ rate 17/
(13)
89
321
328
546
306
-55
-80
140
-260
-271
146
14
211
433
344
174
33
7
62
197
303
185
371
291
273
473
273
280
501
223
246
341
360
416
232
200
221
(14)
2.5151
2.5135
2.5138
2.5323
2.5530
2.5638
2.5562
2.5426
2.5426
2.5377
2.5167
2.5230
2.5137
2.5189
2.5275
2.5192
2.5138
2.4994
2.4916
2.4897
2.4922
2.4559
2.4355
2.5167
2.5230
2.5137
Section VIII - Swiss Franc Positions
Table FCP-VIII-3. - Consolidated Monthly Bank Positions
W
Worldwide
End
of
month
MEtvUTlty
Assets 12/
(1)
1977- pet)
1,262
3,312
4,181
4,533
1,747
1.287
16,322
247
16,569
Mar...... (l) Demand/spot.......................
Net
Bought
Foreim exchange contracts M , ... .....
F
Sold
Net
(6)
(5)
Net
overall
position £1/
(7)
(2)
(3)
(4)
1,433
4,185
3,637
2,198
1,295
674
13,422
480
13,902
-171
-873
544
2,335
452
613
2,900
4,625
. 5,169
5,999
5,113
3,142
1,080
25,128
4,397
5,826
7,172
5,512
3,308
1,274
27,489
228
-657
-1,173
-399
-166
-194
-2,361
-233
2,667
25,128
27,489
-2,361
1,221
4,063
3,493
2,534
1,345
781
190
-547
345
1,971
455
539
4,729
6,235
8,714
6,282
3,816
1,648
248
-1,079
-1,039
-765
-199
-309
13,437
4,977
5,156
7,675
5,517
3,617
1,339
28,281
31,424
-3,143
31,424
-3,143
-211
-898r
-718r
-85r
-424r
-269
-2,605r
—
-3,6Q5r
-204r
-l,638r
153r
l,462r
I65r
302
240r
290
-1,184
-235
680
216
327
57
-1,530
-629
1,936
286
419
539
-233
306
438
-1,626
-694
1,206
256
230
-190
476
2,953
-278
13,913
2,675
28,281
l,455r
2,670
4,433
4,361
1,804
1,375
16,09«r
224r
16,322r
1,448
3,410
3,562
2,814
1,215
804
13,253
510
13,763
7r
-740
871
1,547
589
571
ij,54Pr
"-278r.
4,189
6,128r
30,357r
9,942r
3,440r
1,212
#,268r—
—
S,567r
55,268r
4,440
7,026r
31,075r
10,027r
3,864r
1,481
57,TOr
—
57,873r
1,276
3,381
4,537
3,873
1,530
1,389
15,986
260
1,251
3,888
3,344
3,147
961
825
13,416
521
25
-507
1,193
726
569
564
2,570
-261
3,274
5,544
6,677
6,195
3,201
1,306
26,197
-
3,009
6,221
8,105
6,241
3,554
1,543
28,673
-
265
-677
-1,428
-46
-353
-237
-2,476
-
16,246
13,937
2,309
26,197
28,673
-2,476
94
-261
-167
1,213
3,185
4,226
4,003
1,427
1,480
-210
57
720
1,257
480
657
2,961
5,004
5,690
7,464
5,896
3,058
1,332
15,534
1,423
3,128
3,506
2,746
947
823
12,573
28,444
4,810
6,904
8,193
6,118
3,429
1,566
31,020
194
-1,214
-729
-222
-371
-234
-2,576
-16
-1,157
-9
1,035
109
423
385
517
13,090
-254
2,707
-
-
_
(9) Summary ((7) +18))..................
263
15,797
28,444
31,020
-2,576
-254
131
July.... (1) Demand/spot.......................
(2)3 days-1 month..............
(3) Over 1 month-3 months......... .
(4) Over 3 months-6 months................
(5) Over 6 months-1 year...... ..........
(6) Over 1 year........................
(7) Total of all maturities...............
1,116
3,048
4,301
4,168
1,121
1,533
15,287
1,144
3,437
3,893
2,572
882
783
12,711
-28
-389
408
1,596
239
750
2,576
3,754
5,666
7,933
5,802
2,596
1,280
3,877
6,927
7,702
6,530
2,850
1,585
29,471
-123
-1,261
231
-728
-254
-305
-2,440
-151
-1,650
639
868
-15
445
136
(8) Capital assets, liabilities...........
(9) Summary ((7) + (8))..................
261
516
-255
-
-
-
-255
15,548
13,227
2,321
27,031
29,471
-2,440
-119
Aor...... (l) Demand/st)ot........................
(2) 3 days-1 month.....................
(3) Over 1 month-3 months................
(4) Over 3 months-6 months................
(5) Over 6 months-1 year.................
(6) Over 1 year........................
(7) Total of all maturities...............
(g) Capital assets, liabilities...........
Demand/spot.........................
3 days-1 month........ ....... ......
Over 1 month-3 months..............
Over 3 months-6 months...............
Over 6 months-1 year.................
Over 1 year........................
Total of all maturities...............
Capital assets, liabilities...........
(9) Summary ((7) + (8)).................
June.... (l)
(2)
(3)
(4)
(5)
Demand/spot............ ............
3 days-1 month...... ............... .
Over 1 month-3 months... ....... .
Over 3 months-6 months............. .
Over 6 months-1 year.............. .
(7) Total of
maturities...................
(8) Capital assets, liabilities...........
27,031
-468
-zw
-3Sr
POSITIONS.
May..... (l)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
----
-278
CURRENCY
198
16,588
(8) Capital assets, liabilities..............
(9) Summary ((7) + (8)).................
‘
.FOREIGN
1,411
3,516
3,838
4,505
1,800
1,320
16,390
Liabilities
Treasury Bulletin
146
____ FOREIGN CURRENCY POSITIONS_______
Section IX - Sterling Positions
Table FCP-IX-1. - Nonbanking Firms’ Positions
1/
(In millions of pounds)
Forward e:echange 8/
Short-term trade
Position
at end
of month
Feb. 1977
Mar. 1977
Mar. 1977
Mar. 1977
Liquid
assets 7j
(1)
97
931
61
992
1977
1977
1977
1977
1977
57
946r
66
l,012r
72
July 1977
Pay
ables 2 /
Receiv
ables u
(4)
212
(3)
216r
3,747
211
3,958r
2l6r"
203r
3,865r
2l4r
4,079r
1,936
59
75
1,918
93
2,011
112
, ,
„ . ^
Apr.
May
June
June
June
Short
term
debt 2 /
(2)
..... w
1,870
66
213
2,871
223
3,094
211
198
2,875r
207
3,082r
197
Other
assets £/
Other
liabil
ities 2 /
(5)
504r
5,431
309r
5,740r
(6)
3,924
304
4,228
302r
301r
5,448r
294r
5,742r
326
324
326
4,092r
328
4,420r
328
Net
position 2/
Sold
Bought
(8)
1,133
275
1,152
1,427
(7)
1,056
216
1,197
1,413
1,243
1,206
r,i5j’ "
1,301
208
1,227
1,435
1,236
306
1,308
1,614
1,252
(9)
167
1,385
33
1,418
67
-133
l f 276r
-135
l,141r
” -42
Ex
change
rate 10/
Positions
held by
offices in:
(10)
1.7145
1.7201
1.7201
1.7201
United States
Abroad
United States
Worldwide
1.7193
0.5816
United States
United States
1.7200
1.7200
1.7200
1.7371
Abroad
Ohited States
Worldwide
United States
Table FCP-IX-2. - W e e k l y B a n k Positions 11/
(In millions of pounds)
Exchange contracts 13/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
5/04/77
5/L1/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
7/06/77
7A3/77
7/20/77
7/27/77
Net
Foreign
branch
net
World
wide
net
Banks in U.S.
Bought
Sold
Net
(7)
(8)
(9)
(10)
(11)
(12)
(13)
6,323
6,580
7,312
6,904
7,108
7,026
7,075
7,194
7,497
7,509
7,266
7,451
7,650
159
150
251
200
22
-5
-63
-56
-28
-2
-21
-35
20
-5
-18
-23
-26
-11
-56
-47
-59
-27
-48
-46
-60
-17
47
-15
-9
36
11
14
21
-27
2
18
49
70
41
69
-20
-72
-20
164
179
192
155
109
84
158
112
164
184
170
137
135
161
156
209
152
175
111
75
134
73
83
101
125
63
73
37
105
71
97
132
86
61
47
91
88
118
53
109
155
150
60
137
72
86
-6
104
-9
-1
12
25
(1)
(2)
(3)
(4)
(5)
81
81
73
87
11
11
19
16
20
5
23
13
11
9
14
27
6
7
18
21
23
15
41
16
24
19
11
19
20
24
70
70
54
71
-112
-165
-260
-164
53
76
46
57
56
42
35
18
41
41
28
29
29
43
20
45
39
49
-153
-165
-171
-182
-107
-66
-109
-42
-123
-165
-157
-125
-121
-121
-122
-134
-72
-78
-42
-95
-206
-93
-100
-89
-125
-125
-51
-24
-74
-24
-82
-124
-129
-96
-92
-78
-102
-89
-33
-29
6,275
6,505
7,195
6,777
7,027
6,948
7,008
7,102
7,461
7,462
7,213
7,410
7,583
7,489
7,$43r
7,361r
8,068r
8,207
8,376
8,330
8,577
8,667
7,541
7,627r
7,437r
8,156r
8,277
8,444
8,421
8,676
8,733
-48
-75
-117
-127
-81
-78
-67
-92
-36
-47
-53
-41
-67
-52
-84
-76
-88
-70
-68
-91
-99
-66
74
63
78
58
-105
-82
-13
-72
-31
-19
65
-14
8,586
8,598
8,569
9,031
8,669
8,662
8,635
9,064
-83
-64
-66
-33
73
81
69
70
67
51
49
45
47
48
46
50
52
58
61
61
63
68
85
82
98
82
Footnotes at end of Table FCP-X-3,,
(6)
Net position
Foreign
branch
net
World
wide
net
United
Foreign
States 1^/ branch
World
Exchange
wide 1£/ rate 12/
12/
-17
12
(14)
.
1.7151
1.7172
1,7076
1.7085
19
13
12
14
40
34
75
80
97
-62
22
13
31
47
15
8
-43
-35
-45
13
-14
29
20
80
1.7184
1.7184
1.7197
1.7188
1.7202
1.7189
1.7197
1.7198
1.7199
1.7199
1.7196
1.7185
1.7196
1.7195
1.7187
1,7198
1.7199
1.7210
50
68
47
65
41
67
59
90
1.7208
1.7197
1.7198
1.7199
-
Section IX - Sterling Positions
Table FCP-IX-3. - Consolidated Monthly Bank Positions W
End
of
month
1977- Feb.
Maturity
Assets 19/
(1)
(2)
1,419
1,305
1,120
599
373
706
5,522
1,272
1,874
1,321
555
383
203
5,608
147
-569
-201
44
-10
503
153
5,675
167
5,775
-14
Demand/spot.............
3 days-1 month..........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year.....
Over 1 year.............
Total of all maturities...
Capital assets, liabilities.
Summary ((7) + (8))......
1,613
1,200
1,201
578
432
743
5,767
174
1,465
1,982
1,119
570
a2
217
5,765
190
148
-782
82
8
20
526
5,941
5,955
-14
Demand/spot.............
3 days-1 month..........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year.....
Over 1 year.............
Total of all maturities...
l,555r
1,215
1,177
576
525
772
5,820r
1,447
1,904
1,182
612
428
265
5,838
Capital assets, liabilities.
189r
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9) Summary ((7) + (8)).......
May.,
July.
Net
Demand/spot.........
3 days-1 month......
Over 1 month-3 months..
Over 3 m0nths-6 months.
Over 6 months-1 year...
Over 1 year.........
(7) Total of all maturities...
(8) Capital assets, liabilities.
(9) Summary ((7) + (8))......
(1)
(2)
(3)
(4)
(5)
(6)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Apr.,
Balance sheet items
Liabilities
(3)
Bought
(4)
*
Foreign exchange contracts 20/
Sold
Net
(5)
(6)
72
45
1,919
4,106
5,786
4,396
2,078
243
18,528
1,847
4,061
5,698
4,351
2,168
341
18,466
18,528
18,466
62
2,233
3,652
4,392
4,550
2,219
299
2,173
3,514
4,918
4,531
2,325
366
17,827
60
138
14
19
-106
-67
58
17,885
17,827
45
-90
62
-16
58
108r
-689
-5
-36
97
507
1,466
3,626r
4,845r
4,449r
2,183r
315
1,451
3,540r
4,775r
4,477r
2,205r
408
15
86r
70r
-28
-22r
-93
-I8r
16,884r
I6,856r
28r
il8r
6,045
219
-524
-113
89
-100
405
-24
-14
-38
208
-644
96
27
-86
459
60
-16
44
123r
-603r
65r
-64
75r
414r
lOr
-18r
16,884r
I6,856r
1,578
1,251
1,094
826
557
792
1,547
1,910
1,216
888
406
269
31
-659
-122
-62
151
523
1.850
3,472
5.851
4,907
2,237
374
(7) Total of all maturities...
(8) Capital assets, liabilities.,
1,755
3,340
5,743
4,887
2,320
492
95
132
108
20
-83
-118
126
-527
-14
-42
68
405
6,098
-138
18,691
18,537
154
16
(?) Summary ((7) + (8)}.........,
6,310
6,236
226
6,462
-14
-152
18,691
18,537
(1)
(2)
(3)
(4)
*5)
6)
1,521
4,236
5,695
5,130
2,311
506
154
90
102
76
164
-102
-151
-40
-318
-97
-8
52
461
50
:Ef3L>
(2)
(3)
(4)
(5)
(6)
Demand/spot.............
3 days-1 month..........
Over 1 month-3 months.....
Over 3 manths-6.........
Over 6 months-1 year.....
Over 1 year.............
Demand/spot.........
3 days-1 month......
Over 1 montb*3 months..,
Over 3 months-6 months.
Over 6 months-1 year...,
Over 1 year..... .
-36r
Net
overall
position 21/
(7)
28r
-8r
(7) Total of all maturities...
1,485
1,214
1,174
922
580
844
6,219
(8) Capital assets, liabilities.
(9) Summary ((7) + (8))......
236
6,455
246
-10
6.594
-139
19.578
19.399
179
40
(1)
(2)
’3)
’4)
(5)
(6)
Demand/spot.........
3 days-1 month......
Over 1 month-3 months..
Over 3 manths-6 months.
Over 6 months-1 year...
Over 1 year..........
1,601
1,286
1,264
935
571
784
1,427
1,802
1,608
1,013
368
254
174
-516
-344
-78
203
530
2,313
4,122
5,509
5,516
2,234
484
2,352
4,070
5,428
5,321
2,292
634
-39
52
a
195
-58
-150
135
-464
-263
117
145
380
(7) Total of all maturities...
(8) Capital assets, liabilities.
6,4a
239
6,472
-31
~=3r
20,178
20,097
8i
(9) Summary ((7 ♦ (8)).......
JSL
-31
6,660
6,742
-62
20,178
20,097
81
19
-130
1,615
1,634
1,347
1,094
426
232
-173
-172
154
612
1,611
4,338
5,771
5,294
2,209
355
6,348
-129
19,578
19,399
179
-420
&
'O
Oo
148
Treasury Bulletin
m p p m w CURRENCY u narrinug
Section X
- United States Dollar Positions A b r o a d
Table FGP-X-1. - N o n b a n k i n g F irms’ Foreign Subsidiaries* Positions
(in millions of United States dollars)
Position
at end
of month
1977— Mar.......
June......
Liquid
assets 2/
(1)
5,211r
5,871r
Short
term
debt 2/
(2)
4,462r
4,079r
Short-term trade
Receiv
ables y
(3)
10,336r
Payables 2 /
(4)
16,8l6r
9,026r
14,684r
Other
assets 6/
Other
liabili
ties 2 /
(5)
18,824r
19,309r
(6)
28,599r
22,996r
Forward exchange 8/
Bought
(7)
2,052
l,868r
Sold
(8)
986r
909
Table FCP-X-2. - W e e k l y B a n k Foreign Office Positions
(In millions of United States dollars) 11/
Date
Net
assets and
liabilities 12/
(1)
Net
exchange
contracts 13/
Net
position
(2)
(3)
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
-3,773
-3,913
-3,698
-3,503
-3,185
-3,442
-3,054
-3,048
-3,550
-3,T68
-3,489
-3,523
-3,586
-3,567
-3,256
-3,544
-3,303
4,035
3,825
3,669
3,589
3,377
3,569
3,286
3,379
3,962
262
—88
-29
86
192
127
232
331
3,647
3,517
3,664
3,405
3,394
3,553
3,559
3,360
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
-3,599
-3,461
-3,330
-3,030
-3,288
3,509
3,388
3,487
3,159
3,240
179
28
141
-181
-173
297
15
57
-90
-73
157
129
-48
7/06/77
7A3/77
7/20/77
7/27/77
-3,698
-3,540
-3,663
-3,397
3,611
3,375
3,347
3,152
-87
-165
-316
-245
Footnotes at end of Table FCP-X-3.
Net
Position 2/
412
(9)
-14,440*
-6,594r
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - Monthly Bank Foreign Office Positions is/
End
of
month
Maturity
Assets 19/
(1)
1977-Feb.,
Demand/spot.............
3 days-1 month..........
Over 1 month-3 months.......
Over 3 mOnths-6 months....
Over 6 months-1 year.....
Over 1 year..............
(7) Total of all maturities...
(8) Capital assets, liabilities.
(9) Summary ((7) + (8))......
7W
(2)
(3)
(4)
(5)
(6)
Sold
Net
(4)
8,335 ‘
14,229
15,364
11,995
6,864
1,166
W
13,453
14,153
11,228
6,118
837
(6)
-206
776
1,211
767
746
329
57,953
54,330
3,623
(5)
Net
overall
position 21/
(7)
-125
134,491
137,948
-3,457
57,953
54,330
3,623
166
18,766
32 ,243
42,457
29,603
9,615
9,784
32,547
40,450
37,783
21,658
8,047
5,790
-146,275
-13,781
-8,207
4,674
7,945
1,568
3,994
-3,807
10,891
13,154
14,667
13,402
7,036
1,510
60,660
10,898
11,896
13,856
12,554
6,379
1,084
56,667
-7
1,258
811
848
657
426
3,993
-13,788
-6,949
5,485
8,793
2,225
4,420
-168
142,731
431
146,706
-3,975
60,660
56,667
3,993
-168
18
1) Demand/spot.........
3 days-1 month.......
% Over 1 month-3 months...
A) Over 3 months-6 months..
5) Over 6 months-1 year....
[6) Over 1 year........
7) Total of all maturities.
20,351
29,815
41,334
30,034
8,907
9,310
139,751
31,827
38,182
39,157
20,842
7,602
5,402
143,012
-11,476
-8,367
2,177
9,192
1,305
3,908
-3 ,26l
8,041
12,664
15,029
12,813
6,917
1,224
56,688
7,698
11,978
13,809
12,481
6,520
871
33,357"
343
686
1,220
332
397
353
3,331
-11,133
-7,681
3,397
9,524
1,702
4,261
70
Capital assets, liabilities.
L9)_.JSummary ((7) + (8))......
310
140,061
792
143,804
-482
-3,743
56,688
53,357
3,331
-482
-412
(1) Demand/spot.........
3 days-1 month......
Over 1 montb-3 months..,
(4) Over 3 months-6 months.
(5) Over 6 months-1 year...
(6) Over 1 year.........
(7) Total of all maturities... .
18,565
31,182
43,490
31,235
8,815
9,337
29,667
40,813
41,014
21,928
7,477
5,172
7,757
13,320
16,960
13,635
7,088
1,474
146,071
60,234
7,678
12,317
15,700
13,339
6,839
1,113
56,986
79
1,003
1,260
296
249
361
3,248
-11,023
-8,628
3,736
9,603
1,587
4,526
142,624
-11,102
-9,631
2,476
9,307
1,338
4,165
-3,447
(8) Capital assets, liabilities.
(?)_ Summary ((7) + (8))..... ..
268
142,892
453
146,524
-185
-3,632
60,234
56,986
3,248
-384
16,805
33,345
47,667
33,384
8,666
9,855
28,986
43,506
42,990
24,511
7,368
5,617
-12,181
-10,161
4,677
8,873
1,298
4,238
9,255
16,752
17,312
13,678
6,916
1,436
8,962
15,684
16,396
13,453
6,626
975
293
1,068
916
225
290
461
-11,888
-9,093
5,593
9,098
1,588
4,699
(7) Total of all maturities... .
149,722
65,349
62,096
3,253
279
150,001
152,978
488
-3,256
(*) Capital assets, liabilities.,
9) Summary ((7) + (8)).......
153,466
-209
-3,465
65,349
3,253
-3
-209
-212
Demand/spot.........
3 days-1 month......
Over 1 month-3 months..
Over 3 months-6 months.
Over 6 months-1 year...
Over 1 year.........
17,300
33,757
45,275
31,117
8,150
10,073
31,069
39,856
42,439
22,830
6,474
6,075
-137769
-6,099
2,836
8,287
1,676
3,998
11,982
15,265
16,649
14,513
6,564
1,578
11,621
13,960
15,930
14,253
6,683
1,069
361
1,305
719
260
-119
509
-13,408
-4,794
3,555
8,547
1,557
4,507
7) Total of all maturities...
145,672
148,743
-3,071
66,551
63,516
3,035
8) Capital assets, liabilities.
9) Summary ((7 + (8)).......
-36
346
146,018
518
-172
149,261
-3,243
66,551
63,516
3,035
Cl) Demand/sf>ot..........
(2) 3 days-1 month...... .
Over 1 montl>-3 months..,
Over 3 months-6 months.,
Over 6 months-1 year...
Over 1 year..........
81
1)
2)
3)
4)
5)
6)
K*
VO
^1
00
291
-3,332
J&468263
&
a
-6,432
4,570
7,948
2,096
4,241
406
I]
July.
(3)
"-11,926"
-7,208
3,359
7,181
1,350
3,912
Bought
137,542
Demand/spot............ .
3 days-1 month..........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year.....
Over 1 year.................
Total of all maturities.,...,
(8) Capital assets, liabilities.,
(9) Summary ((7) + (8)).......
May.,
28,620
40,741
28,914
9,112
8,866
(2)
29,88"
35,828
37,382
21,733
7,762
4,954
m exchange contracts
Net
281
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Apr.,
t i '& r
Balance sheet items
Liabilities
--- JJST
%
£
1
§
-199
-185
%
Treasury Bulletin
150
.FOREIGN CURRENCY POSITIONa
SECTION I
1/
Worldwide net positions on the last business day of the
calendar quarter of nonbanking business concerns in the
United States and their foreign branches and majorityowned partnerships and subsidiaries.
Excludes
receivables and installment paper which have been sold
or discounted before maturity, U.S. parent companies'
investment in their majority-owned foreign subsidiaries,
fixed assets (plant and equipment) and capitalized
leases for plant and equipment.
2/
Foreign branches and majority-owned partnerships and
subsidiaries only.
3/
Weekly worldwide net positions of banks and banking
institutions in the United States, and their foreign
branches and majority-owned foreign subsidiaries.
Excludes capital assets and liabilities.
4/
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net positions including capital assets
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
6/
Foreign branches and majority-owned subsidiaries only.
6/
All current assets other than liquid assets and short
term trade receivables, and financial assets maturing in
more than one year from the report date. Includes
intracompany accounts, inventories, prepayments, long
term trade receivables, long-term intracompany claims,
and stocks, bonds, and other securities. Fixed assets
(plant and equipment) and parents' investment in
majority-owned foreign subsidiaries are excluded.
7/
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay
ables; intracompany liabilities, accrued expenses, and
liabilities maturing in more than one year from the
report date. Capitalized plant and equipment leases are
excluded.
8/
Outstanding amounts of foreign exchange which have been
contracted to be received or delivered in the future.
Excludes spot exchange.
9/
Columns (1),(3),(5), and (7) less columns (2),(4),(6),
and (8).
10/ Representative rates on the report date.
Canadian
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
foreign units per U.S. dollar.
SECTIONS II THROUGH X
11/ Banks and banking institutions in the United States and
1/
Positions of nonbanking business concerns in the United
States and their foreign branches and majority-owned
partnerships and subsidiaries. In section X, positions
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
y
4/
Includes unsettled spot foreign exchange purchase con
tracts, as well as currency, demand and time
deposits, sigg&iafii* and other readily transferable
financial instruments maturing in one year or less from
the report date, and intracompany claims and loans to
other parties repayable on demand.
Other loans,
accounts receivable, and unaccepted trade drafts are
excluded.
Includes unsettled spot foreign exchange sales
contracts, intracompany liabilities,other than short-term
trade payables, short-term borrowings due in one year or
less ffom the report date, and the current portion of
long-term debt.
Other loans, accrued expenses and
accounts payable are excluded.
Due in one year or less; includes intracompany trade
receivables. Receivables and installment paper sold or
discounted before maturity are excluded.
£/
Due In one year or less; includes intracompany trade
paymbles.
their foreign branches and majority-owned subsidiaries.
In section X, foreign branches and majority-owned sub
sidiaries only.
12/ Excludes capital assets and liabilities.
13/ Includes both spot and forward exchange contracts.
14/ Sum of columns (3) and (8).
15/ Sum of columns (4) and (9).
16/ Sum of columns (5) and (10).
17/ See footnote 10.
18/ See footnote 11.
19/ Fixed-rate loans are reported by time remaining to final
maturity or the nearest call date, whichever is earlier,
and floating-rate loans by time remaining to the nearest
interest-fixing date.
20/ Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
21/ Sum of columns (3) and (6).
r Revised.
n.a. Not available.
January 1978
■
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II - Federal Credit Programs
Table GA-H-1. - Direct Sales and Repurchases of Loans
(In millions of dollars)
Housing and Urban Development Department
Export-Import
Bank of the
United States
Total
Fiscal year
or month
Sales
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
T.Q...........
1977..........
1976-Nov......
1977-Jan......
Feb......
Mar......
Apr......
May......
June......
July......
Aug......
Sept......
Oct......
Nov......
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
Repur
chases
Sales
428
842
406
305
781
330
1,141
1,559
1,281
2,759
7,895
422
2,121
508
789
1,446
1
320
76
501
856
992
1,113
150
680
1
75
16
488
38
44
436
28
44
54
70
734
165
95
Repur
chases
379
_
269
261
4
187
Farmers Home
Administration
Sales
959
1,668
160
-
104
-
2,005
2,430
3,324
2,172
6,415
4,247
1,070
-
-
5,445
_
_
-
_
_
-
-
-
14
500
1,158
1
300
2
501
651
752
816
150
680
1
248
145
21
21
-
-
20
3
2
Repur
chases
405
569
287
574
284
1,105
1,524
1,148
414
2,083
Government
National Mortgage
Association
Sales
_
Repur
chases
Office of Secretary
1/
Sales
Repur
chases
Small Business
Administration
Sales
_
_
6,963
1,592
_
-
-
-
*
30
-
2,118
-
-
-
-
_
_
-
-
-
2,300
1,501
1,232
Repur
chases
Sales
6
*
38
244
*
2
1
333
36
*
_
•*
12
4
4
4
4
5
3
4
3
3
3
484
34
39
433
24
40
288
1
192
51
67
734
160
95
148
_
_
_
-
258
-
-
-
-
-
-
-
-
-
-
-
*
1
1/ Includes college housing, elderly housing, and public facility loans.
* Less than $500,000.
12
12
1
_
-
-
17
19
25
30
32
29
6
482
210
-
368
488
Repur
chases
209
163
294
96
3
3
*
-
12
71
Veterans
Administration
79
_
19
75
13
93
40
-
-
4
Treasury Bulletin
152
.CUMULATIVE TABLE OF CONTENTS.
February 1977 through January 1978
Issues and page numbers
1977
Sections
Feb.
Article!
Treasury financing operations.
Federal fiscal operations:
Summary of fiscal operations..................
Budget receipts by source......... ...........
Chart - Budget receipts by source..............
Budget outlays by agency.....................
Undistributed offsetting receipts..............
Budget outlays by function....................
Investment transactions of Government accounts in
Federal securities (net)....................
Trust fund transactions......................
Selected accrual data reported by Federal agencies.
Detail of excise tax receipts.................
Summary of internal revenue collections by States
and other areas...........................
Mar.
Apr.
May
1978
June
July
Aug.
VI
VI
1
1
3
5
6
7
8
V
YI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
12
10
11
12
13
10
11
12
•••
•••
10
11
10
11
12
13
10
11
10
11
3
5
6
7
8
Sept.
Oct.
Nov.
Dec.
VI
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
Jan.
•♦*
•••
10
11
10
11
10
11
10
11
12
13
£ e d e r .a l,.j a b lls a .t ig a s ,..................................................................................................
14
15
17
14
13
13
16
13
13
14
15
13
16
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury..........
Analysis of changes in tax and loan account balances....
Gold assets and liabilities of the Treasury..........
17
18
19
20
21
22
17
18
19
16
17
18
16
17
18
19
20
21
19
20
21
16
17
18
17
18
19
21
22
23
19
20
21
19
20
21
20
23
20
19
19
22
22
19
20
24
22
22
21
24
21
20
20
23
23
20
21
25
23
23
21
22
24
25
21
22
20
21
20
21
23
24
23
24
20
21
21
22
25
26
23
24
23
24
22
23
25
26
22
23
21
22
21
22
24
25
24
25
21
22
22
23
26
27
24
25
24
25
24
25
26
27
27
28
29
30
24
25
26
27
23
24
25
26
23
24
25
26
26
27
28
29
26
27
28
29
23
24
25
26
24
25
26
27
28
29
30
31
26
27
28
29
26
27
28
29
28
31
28
27
27
30
30
27
28
32
30
30
...
...
30
...
...
32
...
...
32
30
31
33
34
34
35
29
30
29
30
36
37
32
33
32
33
36
37
34
37
38
33
33
40
36
33
38
38
36
40
38
41
42
37
37
44
40
37
42
42
40
44
41
44
45
40
40
48
44
42
47
47
45
49
48
46
51
51
49
53
.MopetagL-Statistics:
Currency and Coin in Circulation................ .
Federal debt:
Summary of Federal debt........................
Computed interest charge and computed interest rate
on interest-bearing public debt............... .
Interest-bearing public debt.....................
Maturity distribution and average length of market
able interest-bearing public debt.............. .
Government account series......................
Interest-bearing securities issued by Government
agencies.................................. .
Participation certificates..................... .
Debt subject to statutory limitation............. .
Status and application of statutory limitation..... .
Treasury holdings of securities issued by Government
corporations and other agencies............... .
Description of securities of Government corporations
and other business-type activities held by the
Treasury.................................. ,
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding......................
Offering of bills...............................
New money financing through regular weekly Treasury
bills.......................................
Offerings of public marketable securities other than
regular weekly Treasury bills....................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations...
Allotments by investor classes on subscription for
public marketable securities....................
Disposition of public marketable securities other
than regular weekly Treasury bills...............
Foreign series securities (nonmarketable,) issued to
official institutions of foreign countries.........
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries....................................
United States savings bonds:
Sales and redemptions by series, cumulative....... .
Sales and redemptions by periods, all series
combined.................................. .
Sales and redemptions by periods, Series E through K.
Redemptions of matured and unmatured saving bonds.
Sales and redemptions by denominations, Series E and
H combined................................. .
Sales by States, Series E and H combined...........
30
29
30
34
35
34
35
45
48
49
44
44
52
50
53
54
49
49
57
53
51
56
56
54
58
53
56
57
53
53
61
57
55
60
60
58
62
58
62
63
59
59
67
63
62
67
67
65
69
61
65
66
62
62
70
66
65
70
70
68
72
61
62
64
65
66
68
66
67
69
62
63
65
62
63
65
70
71
73
66
67
69
65
66
68
70
71
73
70
71
73
68
69
71
72
73
75
...
...
69
70
...
...
...
...
...
...
...74
...
...
...
...
...
74
75
...
...
66
66
75
70
69
74
76
72
76
67
68
69
76
77
78
71
72
75
76
77
77
78
79
73
74
75
77
78
73
70
71
72
79
...
...
77
...
...
...
...
...
United States savings notes:
Sales and redemptions by periods................ .
fiyqership of Federal securities:
Distribution by classes of investors and types of
issues..................................
Estimated ownership by private investors.......
Treasury survey of ownership................... .
65
71
70
66
67
68
72
73
74
71
72
73
67
68
69
Treasury survey - commercial bank ownership.,
72
...
...
...
153
January 1978
___ CUMULATIVE TABLE OF C O N T E N T S_
February 1977 through January 1978—Continued
Issues and page numbers
Market auotations on Treasury securities:
End-of-month closing quotations....................
Chart - Yields of Treasury securities...............
Average yields of lone-term "bonds:
Average yields of long-term Treasury, corporate, and
municipal bonds................................
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds....................
Exchange Stabilization Fund:
Balance sheet..................................
Feb.
Mar.
Apr.
76
78
78
80
77
79
73
75
79
81
80
80
82
81
...
National bank reports:
Operating Income and Expense, and dividends of National
Banks Calendar Year 1975........................
International financial statistics:
U.S. reserve assets.............................
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
U.S. liquid and other liabilities to official
institutions of foreign countries by area...........
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries.......
U.S. position in the International Monetary Fund......
Weighted average of exchanges rate changes for the
dollar.......................................
Canital movements:
Liabilities to foreigners reported by banks in the
Unites States..................................
Claims on foreigners reported by banks in the United
States.......................................
Liabilities to foreigners by nonbanking
concerns in the United States....................
Claims on foreigners reported by nonbanking concerns
in the United States............................
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States...
Foreign credit and debit balances in brokerage accounts..
Forei^^rrencxJPopitions:
Summary.......................................
Belgian Franc Positions..........................
Canadian Dollar Positions........................
French Franc Positions...........................
German Mark Positions............................
Italian Lira Positions...........................
Japanese Yen Positions...........................
Swiss Franc Positions............................
Sterling Positions..............................
United States Dollar
Positions Abroad...............................
Foreign currencies acauired by the U.S. Government
without navment of dollars:
Foreign currency transactions, summary and country uses.
Foreign currency transactions, U.S. uses and trust funds
Financial ooerations 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...........................
Investments of specified trust accounts...........
1978
1977
Sections
...
82
83
June
July
Aug.
73
75
82
84
81
76
76
85
77
77
86
May
Sept.
Oct.
Nov.
Dec.
Jan.
76
78
81
83
85
79
83
81
83
85
84
79
84
86
82
86
85
80
85
87
83
87
83
87
...
...
88
...
86
87
...
...
88
89
89
81
83
84
83
84
85
79
79
91
87
82
84
85
86
80
80
92
88
83
85
86
81
82
93
94
89
90
84
85
83
95
91
86
78
78
90
86
81
88
88
84
90
89
89
85
91
90
90
86
92
91
92
91
92
87
88
93
94
93
93
89
95
87
87
88
81
82
87
88
89
83
90
91
92
86
86
98
94
89
96
96
92
98
98
99
100
94
94
106
102
97
104
104
100
106
104
100
100
112
108
103
110
110
106
112
112
107
113
113
109
115
118
113
...
...
120
116
...
120
122
132
133
135
137
139
141
142
144
128
129
131
133
135
137
138
123
124
126
128
86
105
106
108
109
110
104
104
116
114
123
115
124
116
110
110
125
119
...
122
127
128
128
129
131
133
135
137
138
140
122
123
125
127
129
131
120
121
130
132
134
136
137
139
141
142
132
123
125
127
129
130
136
132
134
134
146
...
...
...
130
130
131
133
135
137
139
131
132
135
137
139
126
127
129
131
133
135
136
138
...
132
140
142
133
135
137
142
144
144
140
133
135
137
139
141
142
144
146
142
148
140
130
132
140
142
...
143
144
138
136
148
144
139
146
146
...
...
...
...
...
152
153
...
...
...
...
147
...
148
...
155
...
148
...
...
...
...
• ••
223
175
176
139
185
176
142
U3
149
149
148
150
151
125
224
225
226
228
229
230
231
232
234
141
...
140
...
...
...
•••
• *•
•• •
...
...
177
178
179
181
182
183
184
186
187
142
143
144
146
147
148
149
151
152
...
...
...
...
...
...
150
151
152
154
155
156
157
159
160
146
147
...
...
@FedFRASER