Full text of Treasury Bulletin : July 1971
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T
r
e
a
s
u
r
y
B
u
l
J u l y 1971
OFFICE OF THE SECRETARY
l
e
t
i
n
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $13.50 domestic, $17.00 foreign.
Single copy price varies.
July 1971
1
C O N T E N T S
Treasury
o p e r a t i o n s ................................................
II
Federal
f i s c a l o p e r a t i o n s ........................................................
1
Federal
o b l i g a t i o n s ................................................................
12
Account
financing
of the
S t a t e s .........................
16
s t a t i s t i c s ..............................................................
19
d e b t ........................................................................
20
Monetary
Federal
Treasurer
of the U n i t e d
Public
debt
o p e r a t i o n s ...........................................................
28
United
S t a t e s s a v i n g s b o n d s ...................................................
55
United
States
Ownership
Treasury
Market
Average
59
Federal
of
n o t e s ...................................................
s e c u r i t i e s ..............................................
60
survey
o f o w n e r s h i p ...............................................
quotations
68
b o n d s ..........................................
71
S t a b i l i z a t i o n F u n d .................................................
73
s t a t i s t i c s .............................................
75
m o v e m e n t s ...............................................................
80
yields
International
on
of long-term
financial
Financial operations
Cumulative
Note:
Treasury
62
s e c u r i t i e s ................................
Exchange
Capital
savings
table
of G o v e r n m e n t
agencies
and
f u n d s ..............
117
o f c o n t e n t s ..................................................
122
Details of figures may not add to totals because o f rounding.
II
Treasury Bulletin
Treasury Financing Operations
Cash Offering
or sale or other disposition of the notes bid for at a spec
On June 16
at auction,
the Treasuiy announced that it would sell
under competitive and noncompetitive
bidding,
ific rate
or price,
until after
1:30 p.m. EDST, June 22,
1971.
$2,250 million, or thereabouts, of 6$ Treasury Notes of Se
ries F-1972, dated
Tenders were
June 29, 1971,
received until
due
November 15, 1972.
1:30 p.m., EDST,
June 22, at
Commercial banks were prohibited from making unsecured
loans, or
loans collateralized
in whole or in part by the
Federal Reserve Banks and Branches and at the Office of the
notes bid for, to cover the deposits required to be paid when
Treasurer of the United States in Washington, D. C.
tenders were entered, and they were required to make a certi
Tenders received totaled $4,028 million, of which $2,286
million was accepted at prices ranging
5.71$, down to 99.93, yield
for $200,000 or less were
6.05$.
from 100.38, yield
frain from making such loans.
at the average
yield 6.00$.
These to
Tax Anticipation Bills
On June 16 tenders were invited for $1,750 million, or
thereabouts, of 77-day
taled $455 million.
Interest is payable
Other lenders were requested to re
Noncompetitive tenders
accepted in full
price of accepted tenders, 100.00,
fication to that effect.
on the new notes
basis on November 15, 1971, and May 15
on a semiannual
and November 15, 1972.
Bearer notes, with interest coupons attached, and notes re
gistered as to principal and interest were authorized to be
July 6, 1971, and
be acceptable at
tax anticipation bills
to mature September 21, 1971.
face value in payment of income taxes due
Tenders were opened on June 30 and totaled $3,886 million,
of which $1,752 million was accepted.
and $1,000,000.
count
Payment was required to be made or completed on or before
June 29, 1971, in cash or other funds immediately available
to the Treasury by that date. Payment could be made through
Treasury tax and loan accounts.
Commercial banks could
their customers
submit tenders
for account of
of the customers
were
set forth in such tenders. Others than commercial' banks were
not permitted to enter tenders except for their own account.
banks for their own
without deposit from commercial
account, Federally-insured savings and
loan associations, States, political subdivisions or instru
mentalities thereof, public pension and retirement and other
public funds, international organizations in which the United
States holds membership, foreign
York their
the Federal Reserve Bank, of New
positions with respect to Government securities
and borrowings
thereon, and Government
accounts.
Tenders
from others were required to be accompanied by payment of 5
percent of the face amount of notes applied for.
All bidders
tenders from any one
The average bank dis
The limit for noncompetitive
bidder was $200,000
and they totaled
$155 million.
Payment for the bills could
be made through Treasury
9-Month and One-year Bills
On June 17
tenders were
invited for $500 million, or
thereabouts, of 275-day Treasury bills, representing an ad
ditional amount of bills dated March 31, 1971, maturing March
31, 1972, and for $1,200 million, or thereabouts, of 366-day
Treasury bills to be dated June 30, 1971, to mature June 30,
1972, both
series to be issued June 30. These
issues were
to refund $1,700 million of bills maturing June 30.
Tenders
were opened on June 24.
central banks and foreign
States, dealers who make primary markets in Government secu
rities and report daily to
rate was 5.033 percent.
tax and loan accounts.
provided the names
Tenders were received
They will
September 15, 1971.
issued in denominations of $1,000, $5,000, $10,000, $100,000,
They are not callable.
to be dated
were required to agree not to purchase or'
to sell, or to make any agreements with respect to the purchase
Tenders received
million,
for the 275-day bills totaled $1,302
of which $500 million was accepted, including $15
million of noncompetitive tenders. The average bank discount
rate was 5.425 percent.
Tenders received
for the 366-day bills totaled $2,152
million, of which $1,200 million was accepted, including $40
million of noncompetitive tenders.
rate was 5.567 percent.
The average bank discount
III
July 1971
Treasury Financing Operations - (Continued)
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in June totaled
$14.3 billion,
replacing $14.2 billion
There were three 91-day issues of
of maturing bills.
full at the average price of accepted
an issue.
$2.1 billion, one 91-day
Payment for accepted tenders must be made or completed
issue of $2.2 billion, three 182-day issues of $1.4 billion,
and one
competitive bids for
182-day issue of $1.6 billion.
Average
rates for
on the date of issue, in cash or other immediately available
funds or in a like face amount of Treasury bills maturing on
the new issues are shown in the following table.
that date.
Payment for 13-week, 26-week, 9-month, and one-
year bills may not be made by credit in Treasury tax and loan
13-week
accounts.
(additional amount of bills of
original maturity of 26 weeks)
2o-week
Eurodollar Series
On July 1 subscriptions were invited from foreign branches
Approximate
equivalent
annual
average
rate 1/
Date of —
Additional
issue
Original
issue
Approximate
equivalent
annual
average
rate 1/
Date of
issue
of United States banks for $1.5 billion, or thereabouts, of
Treasury certificates of indebtedness Eurodollar series, to
be issued July 9, 1971, to replace an equal amount
certificates maturing
1971
June
1971
Mar.
10
4
11
17
24
18
25
3
1971
June
4.342
4.511
4.988
4.954
were
3
4.507
4.720
5.200
5.133
10
17
24
on that date.
offered as a "strip”
The
of three issues of $500 million
each and subscriptions allotted were allocated equally to the
three issues which are designated, respectively Series C-1971,
maturing August 10, 1971; Series I>-1971, maturing August 24,
1971; and Series E-1971, maturing September
1/
three issues were offered
Bank discount basis.
of such
new certificates
6-5/8$ per annum.
at par with
14 , 1971.
All
an interest rate of
Interest will be computed for the actual
number of days to maturity based on a 365-day year.
Treasury Bills - General
Treasury bills are sold on a bid basis. The face amount
Subscriptions were received on July 7 and totaled $1,852
is payable without interest at maturity.
They are issued in
bearer form only, and in denominations of $10 ,000 , $15,000,
$50,000, $100 ,000 , $500,000, and $1 ,000,000
ue).
Tenders are
(maturity val
million, of which $1,547
million were allotted.
Subscrip
tions were allotted in full to the extent covered by a sub
scriber’s holdings of 5-3/8$ Treasury Certificates of Indebt
received at Federal Reserve banks and
edness Eurodollar Series A-1971, maturing July 9, 1971, and
branches.
Each
tender must
be for a minimum
of $10,000.
Tenders over $10,000 must be in multiples of $5,000.
remaining subscriptions were allotted $3 million or the amount,
of the subscription whichever was less.
Banking institutions
account of customers.
generally may submit tenders for
dealers in investment
from others must be accompanied
securities.
Tenders
by payment of 2 percent of
the face amount of bills applied for, “nless the tenders are
u
accompanied by an express
guaranty of payment " y an incor
b
porated bank or trust company.
from any one bidder, are
The certificates are in registered form and transferable
only with the permission of The Department of the Treasury.
Foreign Series and Foreign Currency Series
Foreign series securities issued in June totaled $3,605
million, consisting of four certificates of indebtedness and
seven notes.
Noncompetitive tenders (without stated price), usually
for $200,000 or less
not
Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized
Payment could
be made through Treasury tax and loan accounts.
accepted in
At the
Redemptions for the month totaled $3,830 million.
end of June
foreign series securities
totaled $7,606 million.
(Details
are shown
outstanding
on page
51.)
IV
Treasury Bulletin
Treasury Financing Operations - (Continued)
Foreign currency series securities issued in June con
sisted of one note denominated in Swiss
to $27 million.
equivalent
Redemptions for the month totaled an equiv
alent of $27 million.
Note:
francs
At
•series securities outstanding totaled an equivalent of $1,664
million and were denominated in German marks and Swiss francs.
(Details are shown on page 54 .
-)
the end of June foreign currency
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
July 1971
1
_____FEDERAL FISCAL O P E R A T I O N S
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing - net transactions
Budget receipts, expenditures, and lending
Loan account 1 /
The expenditure account
Fiscal year
or month
Net
receipts
2/
(l)
1962........................
1963........................
1964.........
1965........................
1966........................
1967.......................
1968.......................
1969.......................
1970.......................
1971 (Est.)....
1972 (Est.)....
1970-May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
1971-Jan......
Feb......
Mar......
Apr......
May......
Fiscal 1971
to date......
Surplus Loan
Net
expend or def dis
itures icit (-) burse
ments
u
(2)
99,676
104,462
106,560
111,456
118,039
117,181
130,820
112,662
116,833
130,856
(l)-(2)
(3)
- 4,786
- 4,896
-5,377
-347
36
-3,649
-19,131
4,712
1^9,552
153,671
187,784
193,743
153,201
194,460
-710
194,193
217,593
211,143
-16,951
-10,693
172,802
183,072
228,286
Loan
repay
ments
te
ft
lending
u
(2)-(6)
(7)
(3)+(6)
(8)
10,796
12,623
14,297
11,691
6,215
- 2,351
145
-545
-1,249
-3,832
-5,053
- 6,030
-1,476
- 2,128
106,813
111,311
118,584
118,430
134,652
158,254
178,833
184,548
-7,137
-4,751
-5,922
-1,596
-3,796
- 8,702
196,588
- 25,161
3,236
-2,845
7,196
8,494
- 1,611
-946
212,755
229,232
- 18,562
-11,639
- m + ( 5)
(4)
9,621
9,646
10,237
10,9U
14,628
17,676
20,327
13,167
8,344
8,807
9,440
•
Borrowings from the public • Federal securities
Budget
Out
surplus
lays 2/ or def
icit (
-)
(5)
(6)
7,271
9,791
9,693
9,662
K,022r
22,561
12,609
15,172
18,725
11,493
14,134
15,429
15,773
15,130
13,205
21,024
13,190
l6,
38lr
14,871
19,344
17,429
17,329
17,490
16,616
15,876
16,870
16,717
18,328
17,769
16,882
-2,359r
7,690
-6,735
-2,257
1,296
-5,997
-2,482
-447
-1,097
-1,587
-5,123
3,255
-3,692
587
1,357
460
667
598
742
585
647
814
374
808
731
666
478r
877
478
602
484
592
472
973
569
544
490
681
396
-109r
-480
17
-66
-114
-150
-112
326
-245
170
-318
-49
-270
165,883
190,650
-24,766
7,093
6,283
-810
I6,490r
15,351
19,327
17,495
17,443
17,640
16,728
15,550
17,115
16,546
18,646
17,818
17,152
191,460
I
I
(9)
9,230
7,659
5,853
5,561
2,633
6,314
21,357
6,142
17,198
Agency Invest
s c r - - ments of
euii
ties
Govern
ment ac
counts 4 /
(ID
1,450
196
627
1,428
2,864
2,330
3,244
9,035
5,320
508
Total bor
rowings
from
the public
()(0
t+1)
-(11)-(12)
(13)
(12)
(10)
704
4,04l
5,079
5,9^4
-10,150
-1,739
Special
notes 5
/
284
339
405
6,088
354
-482
-1,119
-1,384
2,838
23,100
-126
8,522
10,062
_
_
6,830
9,769
3,092
4,061
-11,146
5,397
23,556
-1,^97
-1,189
-1,417
-5,441
3,206
-3,961
3,893
-169
5,649
4,333
-2,223
1,522
3,440
5,519
-818
2,324
1,003
223
4,954
-278
-160
-38
3
12
-17
5
31
1,013
-1,001
518
-345
40
2,827
-386
1,615
-863
-1,056
129
2,525
-465
1,082
846
150
2,797
-
17,600
10,600
l,46lr
-3,156
5,997
2,716
-1,347
2,561
3,306
3,024
660
240
675
-271
2,197
-25,576
25,926
206
6,375
-
19,758
-2,468r
7,210
-6,718
-2,323
1,281
-6,147
-2,594
-121
-1 ,3 a
Means of financing - net transactions (continued)
Changes in cash and monetary assets
Thl
Wfl
lOOal
Trans
Other
budget
With other
With Inter means of actions
Within gen’ .
l
Fiscal year
not applied
financ
Government
national
acct. of
financ to year’
or month
ing
s
officers
Treasurer,
Monetary
ing 8/ surplus or
( 3M H O
1
(deduct)
Fund
u.s. 6/
-\ -) -1 /
JP
deficit 2/
(deduct)
—( + 18)
17) (
SDR1 7/ Other (deduct)
s
+( 9
1)
(
16)
(0
2)
(8
1)
(M)
(5
1)
(7
1)
(9
1)
_
1962.........
138
-171
1,017
7,137
3,734
51
188
1,876
-58
38
-255
1963.........
4,751
-1,264
4l
1964.........
6l
5,922
-367
1,179
381
-217
98
1,596
371
1965.........
1,59^
629
-260
1966.........
3,796
-447
-359
259
.
-342
132
8,702
-5
813
1967.........
-4,571
1968.........
-1,094
538
25,161
2,997
367
1,859
760
808
644
-284
-3,236
10,407
1969.........
1,746
802
-22
-961
1970.........
2,845
557 -1,536
_
_
.
18,562
510
452
1971 (Est.)....
401
638
1972 (Est.)....
11,639
1,660
-1
-642r
-150
-l,476r
30
1970-May......
2,
468r
-7,210
262
-11
June.....
32
2,457
23
-1,779
-942
4
112
6,718
July.....
-207
-331
19
28
Aug......
-198
-92
-847
2,323
-135
-1,281
1,692
30
169
-387
1,545
25
884
Oct......
-2,512
50
6,147
127
-113
Nov......
-429
-2
18
-1,230
-30
2,594
-39
121
-110
Dec......
126
2,035
19
79
-791
2,836
1,836
-46
1,341
617
-235
17
Feb......
-160
-764
30
1,417
-1,751
1,402
Mar......
51
-25
53
-3,341
5,441
*
Apr......
4,830
78
58
-16
1,899
-3,206
May......
-196
-2,447
3,961
-8
-45
-985
54
Fiscal 1971
25,576
-658
446
to date......
-265
1,120
290
3,619
Source:
Based on monthly statement of receipts and expenditures of the
Government. The loan account data for fiscal years 1962-1966 and all
estimates are from the 1972 Budget document released January 29, 1971.
Includes investments in non-Federal securities.
See Table FFO-2.
See Table FFO-3.
See Table FFO-6.
Represents non-interest bearing public debt securities issued to the
IMF and international lending organizations ( D . and IADB) in recogni
IA
tion of U.S. Government subscription commitments.
6/ Current fiscal year to date transactions are on the daily Treasury
statement clearance date basis and are converted to accounting date
Public
debt
securi
ties
25,926
11,767
2,155r
-
_
-
Selected balances, end of period
Federal securities
General
account of Public
Treasurer, debt
U.S. 6/ securi
ties
Agency
securi
ties
10/
(1
2)
10,504
12,380
11,116
12,710
12,450
7,879
6,785
7,544
9,291
9,291
9,291
6,834
9,291
8,074
7,982
9,674
7,162
6,733
8,769
10,605
8,854
5,513
10,343
7,896
(2
2)
298,201
305,860
311,713
317,274
319,907
326,221
347,578
353,720
370,919
396,845
420,401
371,088
370,919
376,568
380,901
378,678
380,200
383,640
389,158
388,341
390,664
391,668
391,891
396,845
11,013
9,824
12,671r
12,510
12,472
12,469
12,482
12,465
12,460
12,491
13,504
12,503
13,021
12,676
12,716
7,896
396,845
12,716
(3
2)
7,927
8,123
8,631
9,335
13,377
18,455
24,399
14,249
12,510
Invest
ments of Special
Govern notes
ment
5/
accounts
12W
54,918
56,345
59,210
61,540
64,784
73,819
79,140
87,661
97,723
104,553
116,320
( 5 ---2)
2,837
3,176
3,581
3,455
3,810
3,328
2,209
825
825
Held by
the
public
(2+2)
2)(3
-2)(5
(4-2)
--------
248,373
254,461
257,553
261,614
264,690
267,529
290,629
279,^3
284,880
302,480
313,080
94,887r
97,723
97,337
98,952
98,089
97,032
97,161
99,687
99,222
100,304
101,150
101,300
104,09&
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
301,798
' 302,038
302,713
302,442
304,638
104,098
825
304,638
288,
046r
284,880
290,877
293,593
292,246
294,808
298,113
301,138
basis at June 30 (final) only. Prior fiscal year amounts include
transactions in transit as of June 30. For amounts in transit see
Table FF0-8 in December 1970 Bulletin.
7/ Represents holdings of Special Drawing Rights, less certificates
issued to Federal Reserve Banks.
8/ Includes accrued interest payable on public debt securities, deposit
funds, and miscellaneous liability and asset accounts.
£/ Includes seigniorage, fiscal 1969 conversion of certain corporations
to private ownership, and fiscal 1970 reclassification of certificates
of interest of $1,590 million less $7 million investments held by
Government accounts.
10/ See Table FD-6. r Revised. * Less than $500,000.
Treasury Bulletin
2
_ _ _ _ _ FEDERAL FISCAL OPERATIONS_________
Table FFO-2. - Budget Receipts by Principal Sources
(In millions of dollars)
Income taxes
Fiscal year
or month
Net
budget
receipts
Individual
Corporation
Other
Withheld
Refunds
Net
total
Gross
Refunds
Net
total
Net total
income
taxes
1962.............
1963.............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
99,676
106,560
112,662
116,833
130,856
149,552
153,671
187,784
193,743
36,246
38,719
39,259
36,840
42,811
50,521
57,301
70,182
77,416
14,403
14,269
.15,331
16,820
18,486
18,850
20,951
27,258
26,236
5,079
5,400
5,893
4,869
5,851
7,845
9,527
10,191
13,240
45,571
47,588
48,697
48,792
55,446
61,526
68,726
87,249
90,412
21,296
22,336
24,301
26,131
30,834
34,918
29,897
38,338
35,037
773
757
808
670
761
946
1,232
1,660
2,208
20,523
21,579
23,493
25,461
30,073
33,971
28,665
36,678
32,829
66,094
69,167
72,189
74,253
85,519
95,497
97,390
123,927
123,241
1971 (Est.).......
1972 (Est.).......
194,193
217,593
76,000
79,800
26,300
28,400
14,000
14,500
88,300
93,700
33,500
39,500
3,400
2,800
30,100
36,700
118,400
130,400
13,190
7,058
6,014
6,040
6,985
5,907
5,667
7,007
5,838
6,339
7,246
6,605
591
,*0
6,224
1,063
3,797
477
333
3,623
497
216
422
4,280
654
1,392
7,951
735
2,863
458
236
100
81
5
5
42
50
40
1,407
4,631
4,261
3,114
5,258
9,353
6,281
7,219
9,449
6,110
7,181
6,209
10,579
6,493
3,366
9,630
3,846
862
7,517
1,071
666
4,543
1,089
711
4,664
1,085
683
3,887
4,360
878
148
188
234
182
265
420
187
179
558
310
363
345
255
714
7,329
838
484
4,278
669
524
4,484
526
372
3,523
4,015
623
5,972
16,683
7,119
7,703
13,727
6,779
7,705
10,693
11,105
6,865
6,890
13,645
4,469
165,883
69,800
20,581
14,017
76,363
23,636
3,299
20,337
96,701
1970-May..........
June.........
July.........
Aug..........
Spt
e . .........
Oct..........
Nov..........
Dec..........
1971-Jan..........
Feb..........
Mar..........
Apr..........
May..........
Fiscal 1971
to date..........
Fiscal year
or month
l4,022r
22,561
12,609
15,172
18,725
11,493
14,134
15,429
15,773
15,130
13,205
21,02k
Social insurance taxes and contributions
Employment taxes and contributions
Old-age, disability, and
Railroad retirement accounts
hospital insurance
Net total
Net
Net
Gross
Refunds
Gross
Refunds
total
total
Unemployment insurance
Gross
Refunds
Net
total
1962.............
1963.............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
12,412
14,314
16,532
16,915
20,206
27,328
28,672
33,956
38,600
142
139
166
192
228
282
263
605
386
12,271
14,175
16,366
16,723
19,978
27,046
28,409
33,351
38,214
564
572
594
636
684
777
815
885
920
*
*
*
*
*
*
1
*
1
564
572
593
636
683
776
814
885
919
12,835
14,746
16,959
17,359
20,662
27,823
29,224
34,236
39,133
3,342
4,115
4,049
3,826
3,783
3,665
3,351
3,335
3,471
5
3
4
8
6
6
6
7
6
3,337
4,112
4,045
3,819
3,777
3,659
3,346
3,328
3,464
1971 (Est.).......
1972 (Est.).......
41,712
49,628
421
440
41,291
49,188
1,007
1,038
1
1
1,006
1,037
42,297
50,225
3,610
4,189
6
6
3,604
4,183
1970-May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
Nov..........
Dec..........
1971-Jan..........
Feb..........
Mar..........
Apr..........
5,024
3,334
2,736
4,387
2,559
2,304
3,310
2,146
2,286
4,808
3,537
4,369
5,456
386
-
155
87
9
107
87
8
164
85
5
168
87
10
165
*
*
518
4,638
3,334
2,736
4,387
2,559
2,304
3,310
2,146
2,286
4,808
3,537
4,369
4,938
*
*
1
-1
*
*
*
*
*
*
154
87
9
107
87
7
164
84
5
168
87
10
164
4,792
3,421
2,745
4,494
2,646
2,311
3,475
2,230
2,291
4,976
3,624
4,378
5,103
858
70
186
587
47
106
374
50
165
721
78
302
1,007
1
1
1
*
*
1
*
*
•
*
*
■
*
1
2
857
70
185
587
46
106
374
5
0
165
721
77
302
1,005
37,897
518
37,380
893
*
892
38,272
3,623
6
3,617
Fiscal 1971
to date..........
-
-
_
(Continued on following page)
July 1971
3
_____________ FEDERAL FISCAL OPERATIONS_______________
Table FFO-2. - Budget Receipts by Principal Sources - (Continued)
(in millions of dollars)
Excise taxes
Social insurance taxes and contributions - (continued)
Fiscal year
or month
Miscellaneous exciseitaxes
Contributions for other
insurances and retirement
Federal
Supple
mental
Medical
Insurance
_
1962.........
1963.........
1964.........
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971 (Est.)....
1972 (Est.)....
_
_
_
_
647
698
903
936
1,255
1,347
1970-May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
1971-Jan......
Feb......
Mar......
Apr......
May......
73
83
105
96
110
106
101
102
110
96
112
107
99
Fiscal 1971
to date......
1,144
Other
Federal
employees employees
retirement retirement
12
13
15
16
18
19
20
24
29
31
34
863
932
993
1,065
1,111
1,201
1,334
1,426
1,735
1,785
1,770
I57r
193
147
149
158
170
155
160
153
149
172
179
156
Total
232r
278
254
250
270
279
259
265
264
247
288
291
258
Highway trust fund
Gross
Refunds
Net
total
5,8£lr
3,769
3,184
5,330
2,962
2,697
4,108
2,545
2,720
5,943
3,990
4,971
6,366
2,925
34
Excise taxes - (continued)
Fiscal year
or month
17,046
19,804
22,012
22,258
25,567
33,349
34,622
39,918
45,298
48,973
57,559
875
946
1,008
1,081
1,129
1,867
2,052
2,353
2,701
3,072
3,151
2
2
3
4
2
4
3
3
1
3
4
4
3
1,748
Net total
social
insurance
taxes and
contri
butions
44,814
Gross
Gross
Refunds
Net
total
Refunds
Gross
Refunds
_
-
-
87
89
93
99
217
183
127
96
167
137
137
9,585
9,915
10,211
10,911
9,145
9,278
9,700
10,585
10,352
10,650
11,115
579
726
817
957
959
755
772
750
1,022
886
731
930
988
956
859
6
17
13
7
14
12
11
13
10
8
11
12
10
811
940
946
746
758
737
1,011
873
722
922
977
944
849
29
43
55
53
55
55
40
14
49
47
74
9,606
121
9,485
514
Net
total
Customs duties
Gross
Refunds
-
1
Net
total
Deposits of
earnings by
Federal
Reserve
banks
2,035
2,187
2,416
2,746
3,094
3,014
3,082
3,530
3,680
3,770
5,340
19
20
23
29
28
36
31
39
36
40
40
2,016
2,167
2,394
2,716
3,066
2,978
3,051
3,491
3,644
3,730
5,300
1,171
1,241
1,284
1,478
1,811
1,972
2,113
2,387
2,494
2,554
2,764
29
35
32
35
45
71
75
68
64
64
64
1,142
1,205
1,252
1,442
1,767
1,901
2,038
2,319
2,430
2,490
2,700
718
828
947
1,372
1,713
1,805
2,091
2,662
3,266
3,500
3,600
1970-May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
1971-Jan......
Feb......
Mar......
Apr......
May......
511
438
464
521
459
446
476
419
433
584
428
453
538
3
11
508
427
464
520
459
446
482
420
433
569
419
360
536
1,319
1,367
1,439
1,309
1,272
1,237
1,549
1,346
1,195
1,505
1,443
1,351
1,459
350
332
296
228
240
266
243
289
274
282
332
594
384
2
4
3
3
6
4
4
4
5
2
4
5
4
348
328
293
224
234
262
239
285
269
280
329
589
379
197
217
224
226
223
237
213
226
204
180
231
228
211
6
9
6
3
5
6
6
5
6
5
6
7
6
192
207
218
223
218
231
207
220
199
175
226
221
204
274
299
294
305
308
296
302
293
296
291
351
272
257
2,341
3,265
3,383
63
2,404
released January 2 , 1971.
9
r Revised,
* Less than $500,000.
512
Miscellaneous receipts
12,534
13,194
13,731
14,570
13,062
13,719
14,079
15,222
15,705
16,800
17,500
Fiscal 1971
3,427
5,107
5,220
15,104
44
113
to date.....
Source:
Beginning fiscal 1967 actual figures are from the monthly
statement of receipts and expenditures of the Government. Data for
prior years were derived on basis of the unified budget concepts
adopted January 1968. Estimates are from the 1972 Budget document
29
43
5
5
5
3
55
54
40
13
48
47
74
_
2,949
3,279
3,519
3,659
3,917
4,441
4,379
4,637
5,354
5,570
5,659
_
580
726
*
*
131
126
127
123
120
212
114
224
32
119
116
15
10
93
2
-
_
_
1
3,080
3,405
3,646
3,782
4,037
4,652
4,493
4,861
5,386
5,689
5,775
1
-6
-1
_
-
-1
-
1962.........
1963.........
1964.........
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971 (Est.)....
1972 (Est.)....
_
Net
total
_
-
9,672
10,005
10,304
11,011
9,362
9,461
9,827
10,681
10,519
10,787
11,252
Estate and gift taxes
Net total
excise
taxes
Airport s n airway trust fund
td
Net total
All
miscel
other laneous
receipts
125
194
138
222
162
303
400
247
158
300
534
37r
-92
61
77
4
-8
25
46
-10
70
-23
-24
56
276
843
1,023
1,084
1,594
1,875
2,108
2,491
2,908
3,424
3,800
4,134
3llr
207
356
382
313
288
327
339
286
361
328
248
313
3,541
BUDGET RECEIPTS BY PRINCIPAL SOURCES
—
Fiscal Year —
Comparison first 11
. months fiscal years.
1970 and 1971
$Bil.
Individual Income Taxes
Source: M
onthly Statement of Receipts and Expenditures of the U . G
.S overnm For actual am
ent.
ounts see preceding T F O
able F -2.
1/ Includes estate and gift taxes, custom duties, and m
iscellaneous receipts.
July 1971
5
_ _ FEDERAL FISCAL O P E R A T I O N S _
Table FFO-3. - Budget Outlays by Agencies
Fiscal year
or month
Legis
lative
Branch
The
Judi
ciary
Executive
Office
of the
President
(in millions of dollars)
Funds appropriated
to the President
Net
expend
itures
Agriculture Department
Total
Net
lending
Net
expend
itures
Net
lending
Commerce Department
Total
Net
expend
itures
Net
lending
Total
1962............
1963............
1964............
1965............
1966............
1967............
1968............
1969............
1970............
151
145
148
162
181
240
255
277
340
56
61
64
73
76
86
91
109
128
29
23
23
24
26
28
28
31
36
1,801
3,201
3,694
3,872
4,357
4,851
4*898
4,971
4,785
17
29
21
15
-4
-10
1,801
3,201
3,694
3,889
4,385
4,872
4,913
4,967
4,774
5,901
6,904
7,088
6,374
5,158
5,429
6,795
7,693
7,974
393
429
370
421
356
412
512
637
332
6,294
7,333
7,458
6,795
5,513
5,841
7,307
8,330
8,307
3,360
3,640
4,270
4,699
4,633
705
769
820
979
-21
20
32
51
37
21
38
35
49
3,340
3,660
4,302
4,749
4,670
726
807
854
1,028
1971 (Est.).......
1972 (Est.).......
396
430
143
167
50
55
4,929
4,676
-5
_*
4,924
4,676
8,817
9,544
-115
-34
8,702
9,510
1,139
1,185
64
96
1,203
1,281
1970-May.........
28
24
31
34
32
42
22
35
32
28
30
29
29
11
12
12
10
10
11
12
15
11
10
13
12
12
3
3
3
4
4
3
4
4
3
4
5
4
4
435
504
407
366
355
359
214
425
508
57
536
433
300
-1
-4
*
*
-1
-2
-1
-2
-2
-*
•
-1
_*
■
1
434
500
407
366
354
358
213
423
506
57
535
432
299
212
-408
2,714
1,156
318
1,063
661
613
581
396
193
330
279
108
590
-65
-124
-14
94
34
-260
305
-205
127
-59
158
320
182
2,649
1,032
304
1,157
695
353
886
191
320
271
437
109r
120
98
72
76
111
73
79
112
89
97
85
98
2
4
3
#
6
8
2
4
1
2
4
3
-4
346
127
42
3,960
-9
3,950
8,305
-11
8,293
992
28
1971-Jan.........
Feb.........
Mar.........
Apr.........
May.........
Fiscal 1971
Health, Education, and
Welfare Department
Defense Department
Fiscal year
or month
Military
Civil
1/
Net
expend
itures
Net
lending
Total
1962.............
1963.............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
48,301
48,135
49,563
45,968
54,166
67,453
77,381
77,872
77,150
*
5
10
1
1
#
-8
-2
-1
48,302
48,140
49,573
45,969
54,167
67,453
77,373
77,870
77,150
982
1,103
1,130
1,211
1,278
1,310
1,300
1,268
1,211
1971 (Est.).......
1972 (Est.).......
73,370
74,975
_*
_#
73,370
74,975
1,426
1,508
6,202]
6,635
6,570
6,059
6,160
6,139
5,851
6,521
5,777
5,720
6,309
6,041
5,809
#
-1
*
#
*
*
_#
_*
*
-*
*
-*
1970-May..........
Aug..........
Nov..........
1971-Jan..........
Feb..........
Mar..........
Apr..........
May..........
Fiscal 1971
66,957
6,203r
6,634
6,570
6,059
6,160
6,140
5,851
6,5a
5,777
5,720
6,309
6,041
5,809
66,956
_
95
167
53
127
129
142
134
118
84
80
94
104
120
1,185
Net
expend
itures
Housing and Urban
Development Department
Net
expend Net
Total
itures lending
4,209
20,247
21,692
22,727
27,897
34,320
40,672
46,499
52,227
2
2
3
5
62
287
-96
95
110
4,210
20,249
21,695
22,732
27,959
34,608
40,576
46,594
52,338
372
423
416
626
575
672
706
722
1,778
681
-756
-133
39
2,281
2,105
3,434
807
825
521
1,054
-333 • 282
283
669
672
665
2,856
657
410
2,777
4,140
217
1,529
819
2,603 1,136
61,847
68,689
93
30
61,940
68,719
2,380
3,588
953
300
3,333
346
3,888 1,415
54,633
Footnotes at end of t a b l e . ( C o n t i n u e d
51
4,799r
4,950
4,626
4,720
4,866
4,886
4,758
5,037
4,998
5,049
5,374
5,226
5,143
54,684
on following page)
171
284
302
154
115
145
93
194
285
185
83
171
158
1,885
Total
Justice
Depart
ment
19
17
16
22
4
21
18
18
1
539
300
685
694
661
432
235
837
1,136
291
313
325
355
366
403
430
515
640
11
19
357
1,434
1,071
1,412
Net
expend Net
itures lending
Total
2/
6
-1
6
3
2
6
6
2
4
6
7
6
4
1,020
Interior Department
Net
lending
4,794r
4,951
4,621
4,717
4,863
4,880
4,752
5,036
4,994
5,043
5,368
5,219
5,139
lllr
123
•0
11
72
82
119
75
83
113
92
101
88
94
-107
-56
136r
89
102
16
33
49
53
40
66
50
37
63
228
438
243
217
161
125
244
338
225
148
221
195
67r
91
79
96
132
96
83
-111
-556
106
75
85
40
1
1
#
*
1
1
#
*
#
1
1
1
1
68r
92
79
96
133
97
83
-111
-556
107
76
86
41
71r
57
68
76
70
85
69
64
74
73
78
93
82
672
2,556
125
7
131
831
6
Treasury Bulletin
__________FEDERAL FISCAL OPERATIONS__________
Table FFO-3. - Budget Outlays by Agencies - (Continued)
(in millions of dollars)
Labor Department
Fiscal year
or month
Post
Office State
Net
Depart
Depart ment
expend Net
itures lending ment
1971 (Est.)...
1972 (Est.)...
618
4,153
4,044
3,532
3,109
3,172
3,385
3,475
4,356
7,521
7,224
1970-May.....
June....
417
500
July....
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1971-Jan.....
Feb.....
Mar.....
Apr.....
May.....
456
508
424
479
498
624
784
963
914
786
702
Fiscal 1971
to date.....
7,135
1962........
1963........
1964........
1965......
1966........
1967........
1968........
1969........
1970........
Fiscal year
or month
National
Aero
nautics
and Space
Admin.
_
_
_
_
2,353
1,333
304
408
347
384
410
419
424
437
448
482
525
-
156
137
231
150
337
177
166
60
202
171
221
320
95
12
31
88
15
33
68
40
65
32
26
25
43
37
-
2,130
473
114
-114
_
-
_
-
_
-
_
-
_
-
797
770
578
805
888
l,l4l
1,080
920
1,510
Veterans Administration
Net
expend Net
lending
itures
Total
Treasury Department
Trans
portation Net expenditures
Department Interest
Net
2/
on public Other lending
debt 4/ 5/
9,120
9,895
10,666
11,346
12,014
13,391
14,573
16,588
19,304
7,3671/ 20,800
7,8051/ 21,150
693
719
742
785
793
5,428
5,732
5,9701/
6,417
456
657
497
605
722
721
637
623
543
475
569
5141/
511
6,417
17,526
-81
-77
88
415
-326
82
336
206
94
30
1,763
1,762
1,760
1,764
1,747
1,822
1,805
1,709
1,727
1,699
1,695
-93
88
58
-500
107
-123
-20
94
142
117
124
*
*
*
*
*
*
_*
-*
_*
_*
_*
_*
-*
19,251
-4
_*
1,601
1,764
85i
12
Other independent agencies
Net
expend
itures
-7
-69
-37
-1
-2
*
*
*
*
-*
-*
Net
lending
Total
Atomic
Energy
Total Com
mission
26,638
9,745
10,552
11,433
12,427
13,064
14,655
16,924
19,510
20,893
21,180
_
-
2,806
2,758
2,763
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,318
679
1,364
188
235
167
172
188
201
186
194
179
170
169
198
198
l,686r
1,776
1,670
1,851
1,818
1,264
1,854
1,699
1,785
1,803
1,869
1,816
1,819
19,247
General Services Admin.
Environ
mental
Net
Protection expend Net
Total
Agency
itures lending
315
-271
39r
12
38
39
30
41
39
25
53
40
46
5
3
-17
49
59
43
35
44
53
24
47
43
52
417
2,023
Undistributed
intra
budgetary
transactions 6/
302
328
359
293
-260
138
412
420
426
432
52r
80
1
-9
2
7
19
-6
1
5
20
20
-5
-2r
1
-2
-1
-2
-8
-2
-1
-2
-1
7
1
-1
-13
302
319
361
300
-242
131
413
425
446
335
-275
50
82
-19
48
57
34
33
43
51
23
55
42
51
419
Totals
Net
expend
itures
Net
lending
Total
2,351
-145
545
1,249
3,832
5,053
6,030
1,476
2,128
1,611
946
106,813
111,311
118,584
118,430
134,652
158,254
178,833
184,548
196,588
Net expenditures
285
378
268
282
282
302
266
318
262
295
333
252
274
800
732
715
767
719
764
823
820
248
-146
129
88
214
490
148
253
204
-12
-230
5,604
5,499
5,660
5,708
5,960
6,845
6,858
7,669
8,653
9,945
10,622
2,224
2,476
2,7H
2,960
3,365
3,825
4,174
4,336
5,137
6,448
6,997
3
-4
803
728
464
402
100
15
-3
730
764
719
765
827
534
468
695
659
427
551
496
462
558
584
528
-1 1 0
1
1
4
-14
806
1,035
363
152
600
832
1,588
2,083
-366
599
567
736
-51
101
20
35
38
-104
-29
1971-Jan....
765
-87
851
32
Feb....
794
-45
839
*
108
962
962
Mar....
Apr....
881
25
884
-4
72
870
874
May....
4
Fiscal 1971
188
5,961
8,885
-129
3,136
9,014
to date....
Source: See Table FFO-1.
Note: Net expenditures represent disbursements less proprietary receipts
from the public and certain intrabudgetary transactions applicable
to the expenditure account. Net lending represents loan disburse
ments less loan repayments. If only one column is shown for an
agency the amounts represent net expenditures, unless otherwise
noted. Agency shifts are shown in this table beginning with the
period of such shifts, figures prior to the shifts have not been
adjl s e .
itd
1/ Includes net lending.
2/ See footnote 5
.
3/ Figures prior to fiscal 1967 represent expenditures for the Federal
Aviation Agency.
3,259
2,839
2,864
3,559
4,197
5,413
6,257
3,970
5,736
7,015
7,734
564
352
423
569
715
694
465
447
468
494
667
609
600
6,150
-2,513
-2,644
-2,877
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
104,462
111,456
118,039
117,181
130,820
153,201
172,802
183,072
194,460
-7,197
-7,771
-371r
-2,503
-234
-347
-250
-296
-324
-2,157
-247
-357
-260
-294
-325
-5,092
H CI
V
1970-May....
June....
July....
Aug....
Sept....
Oct....
Nov....
Dec....
5,356
5,646
5,531
5,620
5,746
6,355
6,711
7,416
8,448
9,960
10,852
'Sl
So
1,257
2,552
4,171
5,091
5,932
5,423
4,721
4,247
3,749
3,368
3,151
a sJ
CI O
V
1962.......
1963.......
1964.......
1965.......
1966.......
1967.......
1968.......
1969.......
1970.......
1971 (Est.)__
1972 (Est.)--
16,38lr
14,871
19,344
17,429
17,329
17,490
16,616
15,876
1 6 ,8 7 0
16,717
18,328
17,769
16,882
190,650
109r
480
212,755
229,232
150
I6,490r
15,351
19,327
17,495
17,443
17,640
112
1 6 ,7 2 8
-17
66
114
-326
15,550
245
318
49
270
17,115
16,546
18,646
17,818
17,152
810
191,460
-1 7 0
Reported on an accrual basis.
Beginning fiscal 1963 expenditures of Federal Old-Age and Survivors
Insurance Trust Fund and Federal Disability Insurance Trust Fund
are included under Health, Education, and Welfare Department and
expenditures for the Unemployment Trust Fund under Labor Department.
For content see Table FFO-4.
Includes $500 million for pay increases (excluding Department of
Defense), and $300 million for contingencies.
Includes $4,019 million estimate for distribution of Federal tax
revenues to state and local governments, $1,000 million for pay
increases (excluding Department of Defense), and $950 million for
contingencies.
Less than $500,000. r Revised.
July 1971
7
_ _ F E D E R A L FISCAL OPERATIONS___________
Table FFO-4. - Undistributed Intrabudgetary Transactions
(In millions of dollars)
Federal employer contributions to retirement funds
Health, Education
and Welfare Dept.
Civil Service
Commission
Civil Service
Retirement and
Disability Fund
1962..........
1963..........
1964....................
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
Federal Old-Age,
Disability, and
Hospital Insurance
221
242
279
282
353
475
510
611
728
1971 (Est.)....
1972 (Est.)....
728
721
1970-May.......
June......
July......
Aug.......
95
75
63
63
65
50
50
50
Defense
Department
Fiscal year
or month
Soldier*s
Home
Permanent
Fund
Interest credited to certain Government accounts
Health, Education, and Welfare Department
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
845
914
973
1,042
1,090
1,181
1,310
i,4oi
1,709
3
3
4
4
4
5
5
6
8
1,069
1,159
1,256
1,329
1,447
1,661
1,825
2,018
2,444
3
3
3
3
3
3
3
3
3
537
511
538
582
587
721
894
1,009
l3*
,*6
70
70
68
65
59
64
83
i4o
221
7
46
61
94
138
15
21
23
12
1,750
1,732
8
9
2,486
2,461
3
3
1,585
1,672
319
359
187
351
11
24
1
-
35
569
11
40
11
37
4l
660
4
104
1
6
2
2
3
139
1
6
1
1
5
1
66
2
3
1
2
3
74
2
1
*
4
1
2
1
*
1
*
*
1
4
1
*
1
1
1
168
93
10
153r
190
249r
266
202
213
220
222
199
207
215
214
239
237
216
1
Apr.......
May.......
65
66
67
61
63
138
149
155
172
148
157
149
M7
171
175
153
-
14
39
10
25
46
Fiscal 1971
to date.......
663
1,714
8
2,385
2
933
Feb.......
Federal
Supplementary
Medioal
Insurance
Trust Fund
Total
1
1
1
l
1
1
1
1
1
1
1
1
1
Oct.......
Nov.......
Dec.......
Federal
Hospital
Insurance
Trust Fund
Other
_
-
l
-
1
_
-
_
_
_
_
_
_
_
_
_
Interest credited to certain Government accounts - (Continued)
Fiscal year
or month
Interior
Department
Labor
Department
Transportation
Department
Veterans Administration Civil Service
Commission
Railroad
Government National
Civil Service Retirement
Service
Life
Retirement and Board
Life
Insurance
Insurance Disability
Fund
Fund
Fund
Other
Total
Grand
Total
120
114
140
155
161
170
181
191
215
2
2
2
2
2
2
2
3
5
1,444
1,485
1,621
1,780
1,917
2,275
2,674
3,099
3,936
2,513
2,644
2,877
3,109
3,364
3,936
4,499
5,117
6,380
1,164
1,275
250
268
4
4
4,711
5,310
7,197
7,771
12
153
2
11
1
4
10
96
2
15
1
2
6
*
4
*
*
*
*
*
1
*
*
1
*
39
808
6
3
5
3
6
40
504
5
44
2
3
28
*
*
123
2,238
32
134
30
73
125
1,949
32
143
22
57
109
371r
2,503
234
347
250
296
324
2,157
247
357
260
294
325
146
677
152
2
2,708
5,092
Indian
Tribal
Funds
Unemployment
Trust Fund
1962..........
1963..........
1964..........
1965..........
1966..........
1967..........
1968..........
1969..........
wro..........
7
8
7
8
10
9
7
5
15
173
191
213
255
309
380
^39
517
601
7
14
20
11
8
l4
34
53
115
36
35
34
34
33
30
32
32
31
174
175
176
182
191
198
211
225
245
316
362
420
482
546
622
706
805
987
1971 (Est.)....
1972 (Est.)....
15
10
686
772
180
245
32
34
275
293
1970-May.......
June......
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1971-Jan.......
Feb.......
Mar.......
Apr.......
May.......
*
1
3
3
2
*
1
*
*
1
*
*
*
23
235
4
25
4
16
21
265
4
*
30
*
*
*
*
*
16
*
*
*
*
*
*
214
3
8
*
1
*
121
3
4
18
21
6
51
1
2
5
4
4
69
1
1
1
1
1
409
90
16
Fiscal 1971
10
to date.......
Source: See Table FFO-2.
* Less than $500,000.
r Revised.
28
Highway
Trust Fund
8
¥
¥
00
Table FFO-5. - Budget Outlays by Major Function
(In millions of dollars)
Fiscal year 1970
Function
Fiscal year 1971
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
6,595r
-59r
2
6,535r
7,037
-110
*
6,856
-62
_*
6,467
-93
6,838
-93
-*
6,248
-93
-2
5,905
-54
_*
6,821
-147
-*
6,432
-95
_*
6,794
*
6,794
6,441
-88
_*
6,352
*
6,352
6,154
-189
-*
6,927
-1
6,926
6,340
-86
-2
6,253
*
5,965
6,745
-*
6,153
*
5,851
6,673
-*
6,337
6,158
-112
2
6,043
5,964
6,745
6,153
5,851
6,673
6,337
6,043
-
373
*
-*
243
-20
_*
•
255
-2
_*
225
7
1
296
385
-85
_*
300
-140
160
223
-39
I84
253
-17
236
324
-2
_*
322
70
393
305
-9
_*
296
32
328
285
333
_*
-174
-4
May
Comparable
Cumulative period
to date
FY 1970
National defense
Proprietary receipts from the public...
Intrabudgetary transactions..........
Net expenditures..................
Total national defense.............
International affairs and finance
Proprietary receipts from the public...
Intrabudgetary transactions..........
Net lending....... ..............
Total agriculture and rural development..
Natural resources
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions..........
Net expenditures..................
Total natural resources.............
Commerce and transportation
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions .........
Net expenditures..................
Net lending......................
Total commerce and transportation.....
Community development and housing
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions..........
285
39
3
-
36
108
143r
285r
-79
207r
*
207r
695r
-9
2
684r
3
5
719r
3,089
-224
299
60
358
2,865
43
2,908
3,137
-234
*
2,903
440
3,343
252
_*
■
252
274
-*
274
3,146
-10
3,136
3,376
5
3,371
42
-3
39
-59
-21
-61
-3
—
64
158
94
5,248
-38
5,210
-12
5,198
6,571
-37
6,534
-259
6,275
335
-85
250
*
250
338
-83
_*
255
*
255
3,892
-1,773
1
2,118
3
2,121
3,193
-931
1
2,262
3
2,265
1,337
-11
-647
679
28
707
10,724
-111
-720
§,893
222
10,115
8,316
-104
-37
8,175
133
8,308
2,502
-53
2,449
539
1,990
1,990
830
2,988
2,820
6,374
197
-8
189
95
285
235
-27
_*
208
14
221
300
-15
-*
373
-148
225
321
-43
278
-79
199
285
25
311
214
-3
_*
211
23
234
379
-1
378
272
-4
268
283
_*
282
282
_*
282
304
-1
302
269
-3
266
318
262
318
262
297
-2
295
-675
-4
-678
591
-88
2,498
-3
2,495
-65
2,430
847
-3
844
-124
720
62
-3
5
8
-14
44
834
_*
834
94
927
394
-6
388
34
422
354
-3
350
-260
90
332
-4
328
305
632
120
-3
116
-205
-89
394
-175
_*
218
*
280
-75
_*
488
-120
_*
397
-65
_*
•
386
-72
_*
372
-89
_*
338
-280
_*
321
-87
_*
326 .
-97
_*
•
205
*
367
*
59
*
234
-*
205
367
315
*
315
283
*
218
332
*
332
310
-720
-410
*
283
5
9
-409
234
229
1
231
976
-9
-2
964
37
1,002
870
-9
-23
838
8
846
900
-14
-2
885
4
889
1,231
-8
-*
1,223
14
1,236
1,097
-12
-1
1,084
22
1,106
882
-9
873
26
898
822
-11
_*
812
20
832
866
-12
-39
815
11
826
750
-9
-6
736
23
759
981
-9
-3
969
30
1,000
354
343
_*
182
_•
*
174
218
112
_*
273
_*
237
-52
184
32
164
-*
-
249
I64
41
249
37
217
_*
217
13
217
206
286
230
-
-
-
-
-
-
-
-
-
218
-120
Total community development and
housing........................
218
309
-10
-*
6,253
354
-64
343
128
182
77
174
94
218
16
112
20
273
40
332
_*
332
41
98
291
471
259
268
234
132
314
373
(Continued of following page)
333
-
-179
127
-52
987
-8
-*
979
37
1,015
_
FISCAL OPERATIONS
Proprietary receipts from the public...
Total space research and technology....
Agriculture and reural development
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions..........
241
-16
74,408
-980
-7
73,422
1
73,421
FEDERAL
Total international affairs and finance..
S > c research and technology
rae
6,534r
6,374
70,662
-1,114
-6
69,541
-1
69,541
I
a.
a
Table FFO-5. - Budget Outlays by Major Function - (Continued)
( millions of dollars)
in
Fiscal year 1971
Fiscal year 1970
Function
Education and manpower
Expenditures.....................
Proprietary receipts from the public...
Net expenditures.................
Net lending......................
Total education and manpower.........
June
681
2
679
15
694
1,132
1
1,131
16
1,147
l,128r
1,190
July
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
May
6,075
-12
6,063
224
6,287
1,431
*
-109
1,322
1,279
-97
1,217
1,352
1
-107
1,243
-101
1,177
15,171
3
-2,022
13,146
1,174
1,217
1,243
1,322
1,177
13,146
13,361
-6
-1,490
11,865
*
11,866
4,746
4,712
4,896
4,771
4,691
-*
-*
4,711
2
4,894
4,771
-11
4,681
-*
*
4,724
4,711
4,895
4,771
4,681
49,981
1
-501
49,479
3
49,482
40,105
2
—48O
39,624
5
39,629
894
-39
884
-42
1,010
-5
4
927
-41
912
-39
8,176
-428
3
7,745
208
7,953
593
525
9
534
1,317
1,315
1,282
2,140
1,286
1,315
_*
•
-104
1,212
-110
1,205
-98
1,183
-980
1,160
-111
1,174
*
1,212
1,205
1,183
1,160
4,223
_•
*
1
4,222
4,339
4,304
4,982
_■
*
-*
-*
_*
1
4,304
1
4,304
-465
4,517
22
4,724
*
*
4,517
862
-36
863
-40
541
12
553
1,254
1,200
5
95
1
594
-1
526
_*
899
-1
899
14
914
-73
l,055r
_*
l,056r
-7
6
1,123
5
1,129
1,148
-98
1,102
_*
•
1,102
4,152r
4,468
4,128
4,187
_■
*
4,151r
-595
3,873
1
3,872
_*
4,128
_*
4,187
4,128
4,187
4,222
4,339
1
4,339
780
-5
4
758
-41
808
-38
760
-38
806
-40
_*
_*
_*
-*
_•
*
_*
-*
_■
*
-*
717
15
732
769
3
766
722
1
722
766
822
-14
808
854
-87
768
842
45
797
964
767
825
4
829
964
886
4
883
873
4
877
9,485
-440
3
9,042
-129
8,913
1,774
-12
-57
1,705
1,772
-19
-21
1,731
1,776
-15
-612
1,149
1,759
-12
-9
1,739
1,828
-93
-59
1,676
1,810
-26
-153
1,631
1,719
-12
-13
1,695
1,736
-20
8
1,709
1,716
-24
-9
1,683
1,706
31
-8
1,667
19,372
-295
-1,095
17,982
17,649
-297
-695
16,657
369
-20
2
347
423
-10
-5
1
398
1
396
-250
17,443
3
35
'
17
-10
342
8
334
-296
17,^40
286
-13
-8
265
313
31
8
274
20
294
-2,157
15,550
523
15
-170
369
2
367
-247
17,115
296
-19
11
265
29
294
-357
16,546
3V
8
-11
-12
364
3
5
401
-26C
341
5
-12
324
1
323
-294
17,^18
719
-7
-350
362
1
361
-325
4,246
-107
-604
3,535
33
3,567
-5,092
3,184
-132
-167
2,886
79
2,965
-3,877
4,151r
840
-37
_*
75
3
4
7
31
1,773
-0
3
-88
1,655
325r
-6r
-6
312r
-2r
310r
-371r
16,490r
518
-1
3
-167
320
48
368
-2,503
15,351
T
1,610
-28
-18
1,563
-*
£ £\
>
_*
•
803
3
806
-106
1,148
1,597
256
-23
-6
226
-36
190
-234
19,326
-1
346
-347
17,495
Source: On basis of monthly statement of receipts and expenditures of the Government.
* Less than $500,000.
r Revised.
1
-1
264
-324
l6,728
*
14,65c-
*
"T77I5T
'191,460"
181,253
.FEDERAL FISCAL OPERATIONS,
7,356
-10
7,346
108
7,454
675
1
674
12
686
-1
_*
•
Apr.
746
1
744
8
752
662
*
661
14
676
644
1
643
8
651
_*
Mar.
Comparable
Cumulative period
FY 1970
to date
677
1
676
7
683
727
1
726
7
733
664
2
663
18
680
541
i
—1
Health
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions..........
Net expenditures..................
Net lending........ .............
Total health.....................
Income security
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions..........
Net expenditures..................
Net lending............. *.......
Total income security..............
Veterans f e i f t . i w S P i i s
rjeis fJLSYfa.
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions.........
Net expendiutres..................
Net lending......................
Total veterans benefits and services...
Interest
Expenditures.....................
Proprietary receipts from the public...
Intrabudgetary transactions..........
Total interest...................
General government.
Expenditures.....................
Proprietary receipts from the public...
Intrabudget&ry transactions..........
Net expenditures..................
Net lending......................
Total general government............
Undistributed intrabudgetary transactions..
Net budget outlays..................
May
Jan.
10
Treasury Bulletin
FF.nP.RAI. FISCAL OPERATIONS._______________________________________
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Fiscal year
or month
Health, Education, and Welfare Department
Federal
Federal
Federal
Federal
Supple
Old-Age and Disability Hospital
mentary
Other
Insurance
Insurance
Survivors
Trust Fund Trust Fund Medical
Insurance
Insurance
Trust Fund
Trust Fund
_
_
-
-
-
-
*
*
*
-
-
-
1962.......
1963.......
1964.......
1965.......
1966.......
1967.......
1968.......
1969.......
1970.......
1971 (Est.)__
1972 (Est.)__
-1,097
-822
692
458
-858
3,741
1,584
2,898
3,953
1,127
3,092
21
-129
-137
-263
-413
296
591
1,121
1,342
1,020
839
786
497
87
590
693
1,724
3,909
479
-197
77
-345
249
221
1970-May....
June....
July....
Aug....
Sept....
Oct....
Nov....
Dec....
1971-Jan....
Feb....
Mar....
Apr....
May....
855
672
-325
828
-495
-605
-20
464
-719
449
1,078
461
1,035
210
301
62
194
-63
31
76
230
-43
74
262
141
192
2
175
-105
92
13
-184
-95
789
-56
-14
-62
-128
74
-44
-31
45
22
26
35
-7
1
82
47
-20
-11
42
Fiscal 1971
to date....
2,152
1,157
324
260
Fiscal year
or month
Trans
portation
Department
Treasury
Department
Highway
Trust Fund
Veterans
Administration
National
Service
Other
Life I>
isurance
Fund
-62
44
-90
-12
69
-24
6
126
40
204
-70
-109
122
224
5
29
86
14
37
15
49
14
1962.......
1963.......
1964.......
1965.......
1966.......
1967.......
1968.......
1969.......
1970.......
1971 (Est.)...
1972 (Est.)...
202
242
-69
-344
-28
484
257
534
1,089
1,038
1,135
28
S3
165
-59
388
723
-589
-747
-5
-12
*
1970-May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1971-Jan....
Feb....
Mar....
Apr....
May....
242
14
138
32
-37
-9
-136
233
113
290
80
82
193
-2
-2
12
-2
-2
10
75
135
464
89
98
38
152
-14
188
-9
-15
-10
-13
-16
109
-11
-8
-17
-14
-11
Fiscal 1971
to date....
979
1,069
-15
*
*
*
*
*
_
-
-
Housing and Urban Developnl n Department
et
Government National
Federal
Federal
Mortgage Assn.
Housing
Insurance Other 1/
Partici
Adminis
Adminis
pation
Other
tration
tration
Sales
Fund
_
_
*
-32
67
_
_
36
100
_
-256
138
24
_
-161
25
-17
-194
50
-129
-19
3
14
62
-8
45
-9
-3
_
470
-7
-10
135
-8
32
165
465
-3
-8
28
-369
131
_
210
177
11
-9
-8
12
229
-251
-
-
13
4
25
_*
15
1
118
*
-1
101
-24
3
27
57
18
67
12
52
-128
19
49
59
234
*r
-
5
13
*
20
*
16
2
25
-
*
*
-
_
-*
-
2
4
1
6
72
453
582
967
1,468
1,156
1,146
938
488
-1,623
-266
_
_
_
Unemploy
ment Trust
Fund
-
_
Labor Department
_
_
*
1
_
_
1
1
*
-
1
*
-
655
-223
-245
348
-311
-220
44
-162
-570
123
-681
-411
640
-6
11
2
-1,446
National
Credit Union
Adminis
tration
Railroad
Retire
ment
Board
_1
2
1
-1
_
_
Other
_
*
*
*
*
*
*
*
*
*
*
_
_
_
_
_
_
_■
*
*
_
_*
Other independent agencies
Federal
Federal
Savings
Deposit
Civil
Insurance and Loan
Service
Commission Corporation Insurance
Corporation
1,093
1,143
1,189
1,249
1,121
1,078
873
1,975
1,960
2,379
2,102
154
161
183
180
227
238
258
313
328
310
405
229
269
244
208
204
212
265
283
173
152
152
-8
39
-1
-4
-1
-3
-4
23
2
-1
-3
-2
3
72
990
216
96
41
79
79
626
264
84
94
5
5
372
50
-3
*
25
-8
-4
44
1
66
22
-12
7
38
27
-2
8
30
8
11
29
-18
2
46
6
45
24
4
2,005
179
192
Source:
See Table FFO-2.
1/ Includes Renewal and Housing Assistance, Metropolitan Development,
_
-
5
13
_
-63
1
69
149
154
173
135
5
9
268
13
98
3
2
*
*
*
-30
-5
-7
*
32
51
-21
-204
237
8
23
10
718
-114
-42
-39
-216
-8
62
-132
9
-31
-157
-19
6
All
Other
-685
-
and Community Development Planning and Management.
Less than $500,000.
r Revised.
-7r
-1
-69
-38
-46
-3
-5
-3
5
-4
6
-3
5
-166
Total
627
1,428
2,864
2,330
3,244
9,035
5,320
8,522
10,062
6,830
11,767
2,155r
2,827
-386
1,615
-863
-1,056
129
2,525
-465
1,082
846
150
2,797
6,375
Table FFO-7. - Trust Funds Transactions July 1, 1970 through May 31, 1971
K*
vo
(In millions of dollars)
Budget Receipts
Outlays
Classification
Net
taxes 1/
Other
Federal Old-Age and Survivors
Insurance.................
25,694
3,113 U
28,807
27,792
449
510
933
Federal Disability Insurance....
3,694
4i6 y
4,110
3,155
16
73
Federal Hospital Insurance......
4,009
454 y
4,463
5,098
874
Federal Supplementary Medical
Insurance.................
-
1,144 y
1,144
2,078
Federal Employees Retirement....
-
1,781
1,781
Federal Employees Life and
Health Benefits.............
-
-
-
_
1,892
168
80
1,148
2,977
-
Net
outlays
Excess of
receipts
or
outlays ( )
-
_
1
*
1
25,899
2,908
-
257
-
1
*
1
2,898
1,212
93
-
1,047
-
-
*
*
4,052
411
-
10
-
1,158
_
-
*
*
920
224
496
1,722
678
-
2,896
2
1
-
1
79
1,702
-195
-
_
-
_
-
_
_
_
-
-195
195
-
-
-
-
-
-
-
-
_
-182
182
-
-
-182
Airport and Airway............
512
-
512
260
-
-
-
621
621
-
-
-
-
-361
874
Highway....................
5,107
-
5,107
4,166
-
-
90
-
90
-
-
-
-
4,076
1,031
Indian Tribal Funds...........
-
-
-
79
58
-
10
-
68
-
-
49
49
-39
39
863
Military Assistance Advances....
-
-
-
-
-
-
-
-
-
-
911
911
Railroad Retirement...........
892
-
892 6/
1,746
20
-
152
-
172
10
1
-
1
1,564 6/
-672
Unemployment................
971
2,645 4/
3,617 6/
5,572
-
-
409
-
409
-
1
-
1
5,162 6/
-1,546
438
Veterans Life Insurance........
-
-
All other trust..............
-
18
Total...................
40,880
9,571
-48
48
-
676
-
-
162
3
165
-
-
438
73
-73
18
98
2
-
3
25
30
1
-
30
30
39
-20
50,451
54,184
3,063
2,385
2,708
649
8,803
12
3
1,429
1,432
43,937
6.516
1/ Amounts are stated net of refunds.
2/ Includes payment for military service credits and special benefits.
2/ Includes interest payments from other funds and interest on uninvested funds.
y Includes deposits by States.
£/ Premiums on insurance.
6/ Excludes advances from and repayments to the Railroad Retirement
Account.
* Less than $500,000.
.FEDERAL FISCAL OPERATIONS,
Federal Deposit Insurance
Corporation..............
Total
Gross
outlays
Receipts offset against outlays (deduct)
Receipts from other accounts
Receipts from outside
within the Budget (
Intrabudgetary)
the Budget (Proprietary)
Intragovernmental transactions
Trust
Interest
interfund
and pro
transac
Interest
Federal
Federal fits on
on nontions
payments employer invest
Total (Financial Federal
Other
Total
and con contribu ments in Other
securities
inter
tributions tions
Federal
change)
2/
securities 2/
Treasury Bulletin
12
.FEDERAL OBLIGATIONS,
’Obligations" are the basis on which the use of funds ls
’
controlled in the Federal Government.
They are recorded at the
point at which the Government makes a firm commitment to
of categories which are based upon the nature of the trans
action without regard to its ultimate purpose.
All payments
for salaries and wages, for example, are reported as personnel
acquire goods or services and are the first of the four key
compensation, whether the personal services are used in current
events— order, delivery, payment, consumption— which charac
operations or in the construction of capital items.
terize the acquisition and use of resources. In general, they
Federal agencies and firms
often do business with one
consist of orders placed, contracts awarded, services received,
another; in doing so, the”buying" agency records obligations,
and similar transactions requiring the disbursement of money.
and
the ’performing” agency records
’
reimbursements.
In
The obligational stage of Government transactions is a
Table FO-1, obligations that are incurred within the Govern
strategic point in gauging the impact of the Government’s
ment are distinguished from those incurred outside the Govern
operations on the national economy, since it frequently repre
ment.
sents for business firms the Government commitment which
Tables FO-2, 3, and 4 show only those incurred outside.
Obligation data for
the administrative
budget
fund
stimulates business investment, including inventory purchases
accounts were first published in the September 1967 Treasury
and employment of labor.
Bulletin and
Disbursements may not occur for
the trust fund accounts were
first published
months after the Government places its order but the order
in the October 1967 Bulletin.
itself usually causes
Bulletin, the data are on the basis of the budget concepts
immediate pressure on the private
economy.
Obligations are classified
Beginning with the April 1968
adopted pursuant to the recommendations
according to a uniform set
Commission on Budget Concepts.
of the President's
13
July 1971
»FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obliffations Incurred Within and Outside the Federal Government by
Object Class, May 31, 1971
(In millions of dollars)
_____
Gross obligations incurred
Object class
Outside
Personal services and benefits
Personnel compensation..........
Personnel benefits.............
Benefits for former personnel.....
Total
Within
38,009
5,528
4,117
38,009
2,352
4,117
Contractual services and supplies
Travel and transportation of persons.
Transportation of things.........
Rent, communications, and utilities.
.
Printing and reproduction........
Other services................
Supplies and materials..........
1,262
2,669
1,887
570
1,293
874
233
7,272
7,l4l
2k7
20,779
15,522
1,832
3,962
2,761
1+81
28,051
22,662
13,
71*3
3,198
1,11
08*
Acquisition of capital assets
Equipment....................
lands and structures............
Investments and loans...........
11,663
2,977
10,799
2,080
221
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends..........
Refunds......................
33,623
52,922
14,947
583
111
,6*
1,417
6,127
Other
Undistributed U.S. obligations....
Obligations incurred abroad.......
Unvouchered...................
-1,2U7
6,752
1,29^
b2
34,786
54,338
21,
071*
583
-620
80+
,17
8
8
219,871
Gross obligations incurred l/......
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and'
reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
33,532
2310
5,*2
presentation and therefore may differ somewhat from the Budget
document.)
$5,*2
2310
Gross obligations incurred ( s above).........
a
Deduct:
Advances, reimbursements, other income, etc...
Offsetting receipts.....................
Net obligations incurred.................
Less than $500,000.
5,+3
119
l*l5
l,*1
187,
1*59
-
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, May 31, 1971
____________________________________ (In millions of dollars)____________________________________
Major object class
Major function
Personal
services
and
benefits
26,922
Contractual
services and
supplies
Acquisition of capital assets
Equipment
2,5*
791
10,659
Lands and
structures
1,169
Investments
and loans
6
Grants
and
fixed
charges
Other
Total
190
6,121
73,021
International affairs and finance...
327
11
*9
82
9
2,771
711
579
1,9
*86
Spac6 research and technology......
15
*7
2,236
68
31
*
-
*
-
2,795
668
3,313
12
6
l,9
*65
I
*,812
-,17
12*
12,258
1 16*
, *1
1,251
18
*7
965
22
1,323
-2
5,511
4,687
-8
16,072
1,8
*89
8,167
2,166
195
200
665
Community development and housing...
363
102
1
*
365
1,710
2,345
1
Education and manpower...........
18
*7
535
17
2l
*
21
7*
11,010
2
12,349
Health.......................
1*80
1 5**
, 11
15
8
210
l * 0l
l , *8
2
16,307
1,000
723
9
13
1
*
39,750
-
1119
*,*8
118*
,*1
17
*2
6*
1
78
365
76*
,12
61
10,165
-
-
-
-
-
l *,621
l
-
14,621
General government..............
2,661
1,651
52
108
78
935
3
518
,*9
Total.......................
11, * 9
**1 7
1235
*,6
11,663
2,977
10,799
102,075
5,513
219,871
Commerce and transportation.......
Veterans benefits and services........
*
Less than $500,000.
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, May 31, 1971
(In millions of dollars)
Personal services & benefits
Classification
Benefits Travel and
Rent, com Printing
Other
Personnel Personnel for
Transpor munications and
trans
compen benefits former
ser
portation tation of and
repro
vices
sation
y
of persons things
personnel
duction
utilities
182
Agriculture Department:
Commodity Credit Corporation.....
Other.........................
Commerce Department..............
-
*
5
2
5
25
_
_
1
*
*
7
40
73
-
*
2
3
13
21
1
1
1
6
2
#
4
1,029
394
-
*
*
50
167
#
-
11
26
7,119
7,245
Executive Office of the President....
Funds appropriated to the President:
Military assistance.............
Accjuisition of
caiaital assets
Contractual services and supplies'
606
881
Defense Department:
Military:
6 ,2 9 0
673
11
2
12
2
32
REP0R'rs NOT RBSCEIVED
«
*
1
112
*
120
13
*
3,089
8 O9
1 ,6 2 2
21,337
2,307
319
87
75 2 2
2
213
945
336
338
3
*
426
249
17
41
43
2
2
4
819
3
3,082
"
Sup
plies
and
mate
rials
183
200
385
*
7
1
73
15
2,557
5,006
3,809
1
*
10
9 890
1
11,840
Lands
Equip and
ment struc
tures
6
-
*
2
80
248
Grants and fixed charges
Invest
ments
and
loans
-
Grants,
subsidies,
and con
tributions
.
*
74
*
477
183
2,47?.
364
1
21
46
2,135
2 ,5 6 0
3,512
3,006
22
17
2
36
458
2 ,5 2 0
3,121
3,097
4 5 8 1,848
*
907
4,415
5,047
42
*
1 0 , 5 8 6 10,412
430
-
1
20
2
13
1
460
63
31
1,133
-
10
43
6
56
4
614
58
-
45
*
*
*
381
*
*
-
-
*
18
108
189
-
*
*
35
337
_
455
1,468
-
5
54
251
471
3 8 ,0 0 9
181
1,044
-
*
-
_
_
_
4
*
-
15
-
24
-15
13
353
34
«
-
159
1,462
39
*
38
*
313
*
-1 , 2 5 6
-
10
-
7,357
11
2
27
24
1
1
3 ,6 6 6
*
20
-
38
-
1 ,8 6 8
12
19,344
22,454
2 21,957
-
6 ,5 6 0
-
71
*
-
40
6 ,1 0 1
5
70,364
336
-
6
6
280
2
-
-
5
*
27
9
40
*
967
6
39
62
-
30
1
662
Total
gross
obliga
tions
Incurred
«
348
26
Obliga
tions in Unvouchcurred
ered
abroad
_
-
7
-
1
Other
Undistrib
Insurance Interest
uted U. S
.
claims
and
Refunds obliga
and indem dividends
tions
nities
1
“
2
_
-2
-
1
-
6
556
2
349
29
1 ,3 8 0
7 ,6 0 0
1,055
49
2 -
-
1,718
-
2
-
*
52,867
1
-
1
17
8
-
-
-2
«
-
705
3,583
Health, Education, and Welfare
22 4 50
13,516
36,927
~
686
1,715
542
377
3
1 ,9 2 6
4,867
*
Housing and Urban Development
Department:
Government National Mortgage
297
697
492
158
Post Office Deparianent............
6,239
188
1 ,0 9 2
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
Other.........................
General Services Administration....
National Aeronautics and Space
-
1 ,0 0 7
108
60
*
34
6
3
23
29
5
11
9
29
15
47
1
4
230
16
39
5
3
3
1
694
13
11
5
4
1
35
16
21
10
*
-
*
572
*
3
3
30
*
*
38
4
2,352
4,117
1 ,2 6 2
2,669
1
4
3
9
72
1
1
2
2
2
-
-
18
27
169
117
32
392
48
3
245
8
1
1
1
62
29
4
-
#
1
2
*
*
*
12
2
103
41
1,594
1,887
247
20,779
40
*
14
359
111
39
272
38
7
144
3
85
12
2
49
5
123
3
*
127
-
-
20
13
167
1
22
1 ,8 9 8
26
19
284
645
2
1,048
34
.
57
3,910
*
133
3
714
*
-
ion
79
*
_
2
67
«
202
*
-
1
1
*
180
62
«
*
-
-40
14,504
_
20
-
1
2
115
-
-
1
_
*
_
_
_
_
_
-
2,467
725
1,141
8,371
8
2 1 9 .8 7 1
1
*
-
«
-
-
-
180
-
51
583
-1,247
6,752
#
2 ,0 7 5
69
68
159
256
59
3J
*
77
365
*
1,541
«
*
*
*
*
422
7
17
7
2,114
50
6
3
9
18
223
*
*
774
4,647
125
73
«
1 5 , 5 2 2 11,663
2,977
10,799
33,623
52,922
14,947
6 ,1 0 1
§
00
2,795
10,141
*
26
2 ,0 1 1
997
7.526
7,631
585
5,926
2
3
.
117
-
2
i
61
14,504
117
1,399
2,446
785
1 ,6 7 6
Other independent agencies:
1
Source: Heports on Obligations, Standard Forms 225, from agencies.
Note: Agency shifts are shown in this table beginning with the period of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government except
265
10
-1
for the Department of Defense and Transportation Department, U. S. Coast Guard.
2/ Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
*
Less than $500,000.
$
i
Is
I
»
Table FO-4. - Gross Obligations Incurred Outside the Federal Government
K*
Comparative Statement by Months
Fiscal year 1970
Object Class
National defense;
Personal services and benefits:
Personnel compensation..........
Personnel benefits.............
Benefits for former personnel....
Contractual services and supplies:
Travel and transportation of persons
Transportation of things........
Pent, 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 defense...........
Non-defense:
Personal services and benefits:
Personnel compensation...........
Personnel benefits..............
Benefits for former personnel....
Contractual services and supplies:
Travel and transportation of persons,
Transportation of things........ .
Rent, communications, and utilities.,
Printing and reproduction....... .
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.................. .
*
Less than $500,000.
Aug.
Sept.
Dec.
Oct.
Jan.
1,889
282
253
2,140
240
255
1,990
216
274
1,740
212
276
1,966
213
279
1,815
214
281
1,871
1,886
201
222
285
78
160
89
98
201
168
7
1,671
1,502
102
103
176
128
80
56
167
72
1,030
1,216
2,107
1,088
99
162
128
14
1,663
1,212
542
871
116
1
962
131
1,017
93
1
1,210
8
827
962
789
73
1
2
5
5
2
1
556
5,986
1,855
257
8
10
1,556
7a7
1,350
1,292
38
144
36
5
1,077
1,106
1,029
583
134
1
1,544
63
1
137
123
bb
1
7
6
9
3
1
643
3
8,855
86
92
5
830
11
283
57
104
34
3
2
3
6
5
5
2
-1
492
____ 3
7,253
-1
608
1,371
4
35
39
97
73
14
Apr.
May
1,983
195
286
2,125
172
287
2,073
197
288
1,935
225
295
21,526
2,307
3,089
20,844
2,823
2,608
69
89
76
124
10
877
849
79
138
116
11
1,293
775
822
1,648
1,023
92
13,761
10,609
938
1,870
1,106
80
13,728
1,032
64
317
83
7
841
751
1,084
35
750
114
923
197
688
154
10,659
1,169
9,854
1,090
30
42
62
71
15
44
59
63
13
100
2
506
-1
7,427
Mar.
5
7
2
-2
7,110
4
472
1
6,752
6,865
710
610
-1
563
1
6,336
6,086
-*
514
-1
6,109
1,464
4
38
1,534
4
7
369
36
99
77
13
772
496
6,436
1
6,269
____ 4
74,555
1,405
4
165
1,545
4
95
1,976
4
129
1,456
4
374
16,484
4
5
1,028
14,586
43
42
84
76
12
660
365
31
85
77
11
596
423
43
77
7
3
48
143
107
439
1,021
864
156
7,018
4,913
360
999
764
161
6,126
3,984
1,398
4
18
1,579
4
94
1,416
38
126
74
17
444
395
4
5
120
91
12
993
325
37
109
77
31
619
389
36
79
67
15
446
261
40
45
89
72
11
674
606
71
177
225
1,637
40
775
41
151
941
100
159
1,009
110
130
200
691
131
227
1,238
100
237
1,373
160
119
862
12
109
660
4,505
4,540
1,392
52
4,298
4,544
1,414
25
1,744
4,620
1,345
18
4,230
3,979
1,358
34
2,226
5,377
1,300
67
3,110
4,578
1,416
64
3,887
5,006
1,440
54
2,599
5,001
1,410
74
1,736
4,974
1,329
17
3,769
5,289
1,377
44
129
10
-1,831
48
-953
37
3
184
53
-3
-229
49
1
-223
56
1
-107
57
-1
-72
86
-1
-128
47
1
15,043
13,023
110
513
2,877
4,547
1,299
111
1
94
15,945
18,654
12,057
10,269
13,908
12,771
13,080
24,800
19,166
17,022
20,773
19,108
20,508
2
3
6,114
5
73,021
1,339
4
10
426
3
9
1
5,859
4
164
481
2
13,132
3
597
1
6,787
558
1,480
11
481
112
7
1,137
3
5
10
3
1,942
4
7
4
62
Comparable
Cumulative period
FY 1970
to date
Feb.
2
6
3
7
7
^4
6
1,883
294
251
Total non-defense............. .
Grand total.................. .
__________________ (in millions of dollars)___
___________________
Fiscal year 1971
July
May
VO
1
482
320
11
10
709
530
872
524
44
80
77
18
709
523
95
72
223
779
143
136
1,447
1,004
1,808
10,793
587
1,246
10,044
88
2,303
6,384
1,277
72
3,679
3,107
1,212
54
33,581
52,860
14,876
567
29,296
45,652
14,287
388
2,177
51
-44
67
-23
87
-1,250
639
3
-192
621
3
13,128
146,850
129,275
18,987
219,870
203,831
118
1,017
14,948
23,505
16
Treasury Bulletin
________________________ ACCOUNT OF THE TREASURER OF THE UNITED STATES_____________________________
Source and A va ilab ility o f the Balance in the T reasurer’ s Account
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
Treasurer's accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
loan accounts with thousands of commercial banks throughout
The tax and loan account system permits the Treasury to
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 1955, pages 275-284.
On occasions, to the extent authorized by the
Table TUS-1. - Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasuiy operating balance
End of
fiscal year
or month
Silver
In Federal
balance, Unclassified Reserve
coinage
collections, banks in
metal,
process of
etc. 1/
coin, and
collection
currency
Balance in
account of
Liabilities Treasurer
2/
of United
States
Available
funds in
Federal
Reserve
banks
Tax and loan
accounts in
special
depositaries
1962............
1963............
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1969-Dec.........
612
806
939
672
766
1,311
1,074
1,258
1,005
1/274
1,312
8,815
10,324
9,180
10,689
10,050
4,272
4,113
4,525
6,929
7,372
3,902
12
-1
120
120
108
102
112
111
112
111
109
112
9,548
11,251
10,238
11,469
10,917
5,695
5,298
5,894
8,045
8,755
5,327
147
136
145
534
775
1,159
768
553
277
441
505
70
74
58
55
93
62
86
104
121
108
119
303
342
234
233
370
577
352
393
355
419
204
441
313
360
320
252
266
190
158
218
187
86
10,509
12,116
11,036
12,610
12,407
7,759
6,694
7,104
9,016
9,911
6,241
79
-
Dec.........
1971-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
1,005
1,200
1,056
1,238
920
587
1,156
976
1,064
858
1,322
874
1,274
6,929
6,087
6,174
7,489
5,425
5,217
6,834
8,532
6,725
3,561
7,462
5,938
7,372
111
111
111
111
111
110
109
109
109
109
109
109
109
8,045
7,399
7,341
8,838
6,455
5,914
8,099
9,616
7,898
4,528
8,893
6,920
8,755
277
283
282
274
285
266
243
284
416
451
499
484
441
121
28
49
92
90
157
93
81
54
70
88
74
108
355
259
213
326
228
295
241
335
268
254
565
245
419
218
105
97
145
104
100
92
289
218
211
298
172
187
9,016
8,074
7,982
9,674
7,162
6,733
8,769
10,605
8,854
5,513
10,343
7,896
9,911
-
Gold
balance Total
operating
in
Treasury balance
Source:
Daily Treasury statement.
1/ Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
2/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective Jamaiy 1963 balances of the Postal Savings
In other
Total
depositaries assets
-
_
-
_
-
-
_
_
_
10,430
12,116
11,036
12,610
12,407
7,759
6,694
7,104
9,016
9,911
6,241
9,016
8,074
7,982
9,674
7,162
6,733
8,769
10,605
8,854
5,513
10,343
7,896
9,911
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasuiy. Balances of these funds, there
fore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc.”
shown under assets.
July 1971
17
.ACCOUNT OP THE TREASURER OF THE UNITED STATES.
Table TUS-2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
1962.
1963.
164
9-.
1965.
1966.
1967.
1968.
1969.
1970.
1971 .
1970-June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1971-Jan..
Feb..
Mar..
Apr..
May..
June.
Savings
bonds
and
savings
notes 2/
2,725
2,699
2,760
2,635
2,704
2,783
2,673
2,599
2,573
2,344
217
223
208
205
209
201
214
270
233
273
285
264
258
Retire
ment
plan and
tax and
loss
bonds 2/
Tax
antici
pation
securities
5,898
2,963
2,340
7,368
7,643
9,538
10,408
13,043
6,954
Other
3,774
3,830
2,014
1,627
1,173
9,576
5,417
3,640
During period
Withheld,
excise,
and cor
poration y
6,521
6,835
9,921
12,598
14,522
9,257
132,460
131,121
1,341
1
14,925
9,252
9,892
11,657
8,250
9,295
4,545
2,410
944
Source:
Office of Fiscal Assistant Secretaiy; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2/ Retirement plan bonds first offered for sale as of January 1 1963;
,
tax and loss bonds first issued in March 1968.
y
Taxes eligible for credit consist of those deposited by taxpayers in
End of
period
High
56,438
57,595
58,277
60,050
74,699
91,382
112,583
142,333
151,721
153,346
53,076
56,0$5
59,421
58,540
75,338
97.160
112,741
141,921
149*317
152,900
8,815
10,324
9,180
10,689
10,050
4,272
4,113
4,525
6*929
7.372
8,889
10,324
10,257
10,872
11,274
9,979
8,004
9,720
7j,990
12,819
14,841
11,355
10,550
12,933
10,646
12,945
8,474
14,429
16,705
6,929
6,087
6,174
7,489
5,424
5,217
6,834
8,532
6,725
.3,561
7,462
5,938
7.372
7,990
10,868
8,901
10,440
14,561
10,172
11,198
12,622
12,258
1,000
1,190
499
1,508
1,599
2,250
Total
credits
15,143
14,000
11,442
11,865
37,519
41.267
43,580
42,475
48,478
70,524
90,791
123,906
12,421
Income (y
bspecial
arrange
ment) 5/
With
drawals
12,768
12.267
10,608
14,795
13,541
H i 062
5/
10.161
12,471
17,304
13,995
15,869
8.532
7,601
7,801
7,840
7,042
5,969
7,996
8.532
8,183
6,705
7,462
8,117
7,382
Low
Average
1,531
2,535
1,577
1,844
447
710
1,029
709
894
846
4.457
5,325
4,747
5,431
4,324
3,775
4,191
4,329
4,022
5,146
1,677
3,982
3,862
2,467
2,975
2,792
2,997
2,969
5,567
2,636
846
4,427
1,458
4,632
5,682
5,805
5,129
5,099
4,453
5,733
5,212
6,699
4,055
3,838
6.458
3,592
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 15, 1968
and FUTA taxes beginning April 1970.
Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositaiy bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
Less than $500,000.
is
Treasury bulletin
_________________________ ACCOUNT OF THE TREASURER OF THE UNITED STATES_________________________
Table TUS-3. - Summary of Cash Transactions through the Account
of the Treasurer of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
Clearing
accounts
2/
Total net
transactions
Plus: Net cash borrow
ing, or repayment of
borrowing (
-)
Equals: Treasurer'
s
account balance, in
crease, or decrease (
-)
Cash
deposits
Cash with
drawals l/
1962.................
1963.................
1964.................
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
105,911
114,454
121,562
125,464
141,095
163,036
165,086
201,735
209,924
205,961
112,188
118,477
124,047
126,395
142,191
164,591
184,581
201,491
223,648
229,353
6,278
-4,023
-2,485
-931
-1,095
-1,555
-19,* 9
»5
243
-13,723
-23,393
1,259
1,039
-1,^91
-584
-1,075
654
-2,095
-1,928
1,556
1,822
-5,018
-2,984
-3,975
-1,515
-2,171
-901
-21,590
-1,684
-12,167
-21,571
8,755
4,670
2,895
3,089
1,968
-3,747
20,525
2,094
14,079
22,466
3,736
1,686
-1,080
1,575
-203
-4,648
-1,065
409
1,912
895
1970-June.............
23,915
19,751
4,164
777
4,941
-2,759
2,182
July.............
Aug.... .........
13,256
16,852
20,115
12,921
15,160
17,59^
17,890
17,930
15,036
21,803
13,864
23,541
19,291
22,642
17,042
18,573
17,148
20,766
-6,035
-5,790
3,073
-5,652
-1,988
-3,173
-71
-2,053
-1,043
2,381
343
272
-1,719
1,322
-7,078
-3,^09
3,^16
-5,380
-3,707
1,850
95^
-768
364
673
-169
-789
883
2,821
-3,480
4,731
-4,182
1,306
6,136
3,316
-1,724
2,868
3,278
3,885
954
1,070
139
99
1,733
709
-942
-92
1,692
-2,512
-429
2,035
1,836
-1,751
-3,341
4,830
-2,447
2,015
Oct..............
Nov..............
Dec..............
1971-Jan..............
Feb..............
Mar....... ......
May..............
17,961
19,982
18,880
1,4.
774
17,877
21,446
Excess of deposits,
or withdrawals (-)
4,058
-4,013
2,095
Source: Daily Treasury statement. Figures in the first four columns may
differ somewhat from those originally published in the daily Treasuiy
statement because of subsequent reclassification of certain transactions.
1/ Beginning with the February 1963 Bulletin, figures have been revised,
as shown in the daily Treasury statements beginning January 2, 1963,
to exclude transactions of clearing accounts,
2/ Previously included under cash withdrawals. See footnote 1
.
Table TUS-4. - Gold Assets and Liabilities of the Treasury
(in millions of dollars)
Liabilities:
Gold certificates,
etc. 2/
Balance of gold in
Treasurer’ account
s
End of calendar year or month
Gold assets 1/
1966.................................................
15,978
15,513
15,388
13,733 3/
13,159
11,982
10,367
10,367
10,732
15,852
15,393
15,231
13,626
13,041
11,870
10,256
10,256
10,663
126
120
157
107
118
112
111
112
109
1970-June.............................................
11,367
11,256
11,367
11,367
11,117
11,117
11,117
10,732
10,732
10,732
10,732
10,732
10,332
10,332
11,256
11,256
11,006
11,006
11,007
10,623
10,623
10,623
10,623
10,623
10,223
10,223
111
111
111
111
111
110
109
Aug.......................... ...................
Sept............................... ..............
Oct.............................................
Nov.............................................
Dec.............................................
1971-Jan.............................................
Feb.............................................
Max....................... .......................
May.............................................
Source: Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table IFS-1.
2/ Comprises gold certificates held by the public and in Federal Reserve
Banks, the gold certificates fund - Federal Reserve System, and gold
deposited by and held for the International Monetary Fund. Prior to
March 1968 also includes (l) reserve of $156 million against United
109
109
109
109
109
109
States notes and through June 30, 1961, Treasury notes of 1890 and
(2) the redemption fund - Federal Reserve notes (Pursuant to P L
. .
90-269 approved March 18, 1968, this fund was combined with gold
certificate fund - Federal Reserve System).
3/ The United States payment of the $259 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2 1965 (79 Stat. 119) was made on June 30,
,
19^5•
July 1971
19
___ M ONETARY STATISTICS___
Table MS-1. - Money in Circulation
(In millions of dollars except per capita figures)
Currencies presently
being issued 1/
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1969-Dec..................
85
78
73
68
64
61
59
57
55
56
53
37
36
22
21
21
21
20
20
20
29
20
19
13
4
4
4
4
4
4
2,009
1,847
1,723
829
582
395
225
223
220
221
36
18
18
4
1
1
1
1
1
1
1970-May..................
June.................
July.................
Aug..................
Sept.................
Oct..................
Nov................
Dec..................
1971-Jan.................
Feb................
Mar................
Apr..................
May..................
55
55
55
55
55
55
5
5
55
55
54
5
4
54
54
20
20
20
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
4
4
4
4
4
4
4
4
220
220
220
220
219
219
219
219
219
218
218
218
218
1
1
1
1
1
1
1
1
1
1
1
1
1
End of
fiscal year
or month
Federal
Reserve
notes 2/
Treasury
notes of
1890
Total
currencies
United
States
notes
Federal
Reserve
notes i j
*
*
*
•
*
*
*
*
*
*
*
318
319
321
302
303
300
299
294
297
292
28,586
30,274
32,338
34,820
37,315
39,289
41,722
44,547
47,626
47,334
31,117
32,592
34,529
36,058
38,290
40,071
42,331
45,146
48,223
47,929
•
*
*
*
*
*
*
*
*
*
*
*
*
•
*
295
297
298
299
300
303
306
309
311
312
315
317
320
46,985
47,626
47,730
47,900
48,003
48,207
49,526
50,204
48,482
48,734
49,389
49,618
50,377
47,581
48,223
48,327
48,498
48,602
48,808
50,130
50,812
49,091
49,345
50,001
50,232
50,993
Coin
Standard
silver
dollars
Total
coin
Fractional
coin
Total
money in
circula
tion %/
Money in
circulation
per capita
(in dollars) 6/
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1969-Dec..................
360
411
482
482
482
482
482
482
482
482
2,293
2,466
2,723
3,180
3,782
4,160
4,827
5,308
5,646
5,539
2,652
2,878
3,205
3,662
4,264
4,641
5,309
5,790
6,128
6,021
33,770
35,470
37,734
39,720
42,554
44,712
47,640
50,936
54,351
53,950
180.98
187.30
196.41
204.14
216.10
224.55
236.82
250.65
264.62
264.01
1970-May..................
June..................
482
482
482
482
482
482
482
482
482
482
482
482
482
5,603
5,646
6,084
6,128
5,664
5,689
5,711
5,731
5,769
5,800
5,773
5,785
5,821
5,878
5,928
6,145
6,170
6,193
6,213
6,251
6,281
6,254
6,266
6,303
6,360
6,410
53,665
54,351
54,473
54,669
54,795
55,021
56,381
57,093
55,345
55,611
56,304
56,592
57,403 7/
262.27r
264.62
264.95
265.62
265.96
266.80
273.12
277.13
268.43
269.51
272.64
273.8lr
277.50
July.................
Aug................ ..
Sept.................
Oct..................
Nov..................
Dec..................
1971-Jan.................
Feb..................
Mar..................
Apr..................
May..................
Source:
Circulation Statement of United States Money through December 1965;
thereafter, Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
0
2/ Issued prior to January 3 , 1934.
Issued prior to July 1 1929.
,
H
ij
5/
6/
Z/
*
Issued on and after July 1 1929.
,
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population.
Highest amount to date.
Less than $500,000.
r Revised.
Treasury Bulletin
20
.FEDERAL DEBT.
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Securities held fy
a:
Total outstanding
Government accounts
End of
fiscal year
or month
Total
Public
debt
securi
ties
Agency
securi
ties
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
196#...........
1969...........
1970...........
1969-Dec........
306,123
313,933
320,344
326,609
333,234
344,676
371,973
367,969
333,423
332,046
293,201
305,360
311,713
317,274
319,907
326,221
347,573
353,720
370,919
363,226
7,927
3,123
3,631
9,335
13,377
13,455
24,399
14,249
12,510
13,320
54,918
56,345
59,210
61,540
64,784
73,819
79,140
87,661
97,723
91,927
Public
debt
securi
ties
54,255
55,638
58,598
61,071
64,316
71,809
76,138
84,815
95,170
89,042
1970-May........
June.......
July.......
Aug........
333,753r
383,428
339,039
393,370
391,160
392,665
396,100
401,650
401,345
403,167
404,633
404,567
409,561
371,033
370,919
376,563
330,901
373,673
330,200
333,640
339,153
333,341
390,664
391,663
391,391
396,345
12,671r
12,510
12,472
12,469
12,432
12,465
12,460
12,491
13,504
12,503
13,021
12,676
12,716
94,887r
97,723
97,337
98,952
98,089
97,032
97,161
99,687
99,222
100,304
101,150
101,300
104,098
92,322r
95,170
94,767
96,368
95,487
94,413
94,564
97,093
96,660
97,996
98,800
99,051
101,850
Oct........
Nov........
Dec........
1971-Jan........
Feb........
Total
Source:
Daily Treasury statement and monthly statement of receipts and
expenditures of the Government.
1/ Represents non-interest bearing public debt securities issued to the
International Monetary Fund, and prior to FY 1967 to the International
Development Association, and the Inter-American Development Bank in
recognition of U.S. Government subscription commitments. Since June
The public 2/
Public
Agency
debt
securi
securi
ties
ties
IMF & Inter
national
lending or
ganizations
1/
Total
663
707
611
469
468
2,010
3,001
2,846
2,553
2,884
2,837
3,176
3,581
3,455
3,810
3,328
2,209
825
825
825
248,373
254,461
247,553
261,614
264,690
267,529
290,629
279,433
284,880
289,294
241,109
247,046
249,533
252,748
251,782
251,084
269,231
268,080
274,924
278,358
7,264
7,416
8,020
8,866
12;90a
16,445
21,398
11,403
9,956
10,936
2,565
2,553
2,570
2,584
2,602
2,614
2,597
2,594
2,562
2,309
2,351
2,250
2,248
825
825
825
825
825
825
825
825
825
825
825
825
825
288,046r
284,880
290,877
293,593
292,246
294,808
298,113
301,138
301,798
302,038
302,713
302,442
304,638
277,941r
274,924
280,976
283,708
282,367
284,957
288,250
291,240
290,856
291,844
292,043
292,015
294,170
10,105r
9,956
9,902
8,885
9,880
9,851
9,863
9,897
10,942
10,194
10,670
10,426
10,468
Agency
securi
ties
1965 letters of credit have been issued in lieu of the special notes.
All outstanding notes have been converted to letters of credit with
the exception of those for IMF.
2/ Includes holdings of Federal Reserve banks,
r Revised.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
Computed annual interest rate
Marketable issues
Total
interestbearing
public
debt
Computed
annual
interest
charge
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1969-Dec........
294,442
301,954
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
366,221
9,519
10,119
10,900
11,467
12,516
12,953
15,404
17,087
20,339
20,254
19,539
3.239
3.360
3.560
3.678
3.988
4.039
4.499
4.891
5.557
5.141
5.384
3.285
3.425
3.659
3.800
4.134
4.165
4.757
5.232
5.986
5.210
5.849
2.926
3.081
3.729
4.064
4.845
4.360
5.711
6.508
7.340
4.516
7.676
1970-June..... » .
.
369,026
374,622
378,905
376,820
378,324
381,667
387,252
386,437
388,648
389,777
390,029
394,922
396,289
20,339
20,708
21,123
20,932
21,065
21,210
21,210
20,937
20,698
20,272
19,959
20,064
20,254
5.557
5.576
5.622
5.601
5.616
5.603
5.520
5.459
5.366
5.236
5.149
5.112
5.ia
5.986
5.964
6.015
5.986
5.963
5.936
5.803
5.713
5.575
5.383
5.249
5.188
5.210
7.340
7.184
7.052
6.978
6.866
6.557
6.150
5.890
5.482
4.927
4.535
4.495
4.516
End of
fiscal year
or month
Aug........
Sept.......
Oct........
Dec........
1971-Jan........
Feb........
Mar........
Apr........
May........
Footnotes at end of Table FD-5.
Total
interestbearing
public
debt
I
I
I
I
Total
Bills
2/
Non
market
able
issues 2/
Special
issues
Certifi
cates
Notes
Treasury
bonds
3.377
3.283
3.680
3.921
3.854
3.842
4.321
4.764
5.294
5.668
6,420
6.519
5.916
3.122
3.344
3.471
3.642
3.655
3.686
3.681
3.722
3.762
3.759
3.738
3.364
3.412
3.462
3.493
3.713
3.745
3.876
3.979
4.327
4.608
4.237
2.891
3.003
3.238
3.372
3.693
3.854
4.133
4.555
5.235
5.375
4.818
6.420
6.420
6.531
6.531
6.537
6.704
6.704
6.704
6.607
6.606
6.607
6.531
6.519
3.762
3.762
3.740
3.735
3.741
3.741
3.742
3.742
3.751
3.757
3.759
3.758
3.759
4.327
4.346
4.362
4.357
4.532
4.543
4.537
4.519
4.501
4.486
4.493
5.235
5.359
5.408
5.403
5.387
5.404
5.407
5.397
5.393
5.373
5.377
5.411
5.375
-
4.851
5.250
-
-
-
_
-
4.608
July 1971
21
___________ FEDERAL DEBT___ _________
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Nonmarketable
Marketable
End of
fiscal year
or month
Total
interest- Total
bearing
public
public
issues
debt
Total
Bills
Certif Notes
icates
294,442
301,954
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
366,221
249,503
257,153
260,729
264,463
264,311
266,131
284,874
284,940
2^2.702
313,505
295,213
196,072
203,508
206,4^9
208,695
209,127
210,672
226,592
226,107
232.599
245,473
235,863
42,036
47,230
50,740
53,665
54,929
58,535
64,440
68,356
76,154
86,677
80,571
13,547
22,169
1970-June....... 369,026
July....... 374,622
Aug....... 378,905
Sept....... 376,820
Oct....... 378,324
Nov....... 381,667
Dec....... 387,252
1971-Jan.......
386,487
Feb.......
388,648
Mar.......
389,777
Apr.......
390,029
M i ....... 394,922
fy
June....... 396,289
292,702
298,527
301,400
300,139
302,876
306,024
309,146
308,774
309,750
309,728
310,377
313,184
313,505
232,599
237,821
240,511
239,330
242,180
244,447
247,713
247,667
248,092
247,457
245,888
245,635
245,473
76,154
81,437
81,854
80,691
83,697
84,625
87,923
87,918
89,303
88,977
87,504
89,096
86,677
_
1962..........
1963..........
1964..........
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1969-Dec.......
-
1,652
5,610
_
-
• -
-
-
Treasury
bonds
Treasury
Foreign
U.S.
bonds
Depos series
Total savings invest itary securibonds
ment
bonds ities 1/
series
Foreign
currency Other
series 2/
securi
ties 2/
Special
issues
85,414
75,025
81,964
88,464
102,481
101,897
97,418
91,079
78,805
62,956
53,989
69,878
53,431
53,645
54,240
55,768
55,183
55,459
58,282
58,833
60,103
68,032
59,350
47,607
48,314
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
51,549
4,727
3,921
3,546
3,256
2,692
2,589
2,516
2,459
2,387
2,347
2,426
138
103
103
5
9
44
45
30
28
25
23
26
860
648
392
1,132
817
624
2,001
1,703
3,389
7,606
1,765
75
25
630
29
832
68
1,137
141
137
957
890
97
282
1,740
2,367
564
1,366 1,656
1,664 3,389
1,996 1,587
44,939
44,801
46,627
48,650
51,120
56,155
59,526
66,790
76,323
82,784
71,008
93,489
93,487
99,925
99,940
99,825
101,211
101,227
101,228
104,283
104,305
104,271
102,495
104,807
62,956
62,897
58,733
58,699
58,658
58,612
58,563
58,522
54,507
54,175
54,112
54,043
53,989
60,103
60,707
60,888
60,809
60,696
61,577
61,434
61,106
61,657
62,271
64,490
67,550
68,032
51,281
51,300
51,375
51,414
51,537
51,693
51,842
51,928
52,104
52,324
52,541
52,788
53,003
2,387
2,386
2,386
2,383
2,380
2,378
2,370
2,369
2,368
2,351
2,350
2,348
2,347
25
24
23
23
23
24
24
25
25
25
23
23
23
3,389
3,911
4,076
3,971
3,755
4,637
4,331
3,926
4,331
4,571
5,056
7,831
7,606
1,366
1,366
1,366
1,366
1,366
1,366
1,366
1,366
1,366
1,616
1,616
1,664
1,664
76,323
76,094
77,506
76,681
75,448
75,643
78,106
77,713
78,898
80,049
79,652
81,738
82,784
65,464
52,145
67,284
52,549
50,649
49,108
71,073
78,946
93,489
-104,807
1,656
1,719
1,662
1,651
1,635
1,478
1,500
1,492
1,463
1,383
2,904
2,895
3,389
Source:
Daily Treasury statement.
currencies.
1/ Consists of certificates of indebtedness, Treasury notes beginning
j/ Includes Treasury bonds, Rural Electrification Administration series
January 1963, and Treasury bonds beginning September 1964, sold to
beginning July 1960; retirement plan bonds beginning January 1963;
foreign governments for U.S. dollars.
Treasury certificates beginning June 1963; Treasury certificates
2/ Consists of the dollar equivalent of Treasury certificates of indebtedeurodollar series beginning April 1971. Treasury bonds beginning
ness; Treasury bonds beginning October 1962; and Treasury notes
January 1964; and U.S. savings notes beginning May 1967 and disconbeginning November 1966 issues and payable in designated foreign
tinued after June 3 , 1970.
0
Table FD-4. - Maturity Distribution and Average Length o f Marketable Interest-Bearing Public Debt 1/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
Average length
1-5
years
5-10
years
10 - 20
years
20 years
and over
1962..............
1963..............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1969-Dec...........
196,072
203,508
206,489
208,695
209,127
210,672
226,592
226,107
232,599
245,473
235,863
88,442
85,294
81,424
87,637
89,136
89,648
106,407
103,910
105,530
112,772
118,124
57,041
58,026
65,453
56,198
60,933
71,424
64,470
62,770
89,615
89,074
73,302
26,049
37,385
34,929
39,169
33,596
24,378
30,754
34,837
15,882
24,503
20,026
9,319
8,360
8,355
8,449
8,439
8,425
8,407
8,374
10,524
8,455
8,358
15,221
14,444
16,328
17,241
17,023
16,797
16,553
16,217
11,048
10,670
16,054
4 yrs.
5 yrs.
5 yrs.
5 yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
3 yrs.
3 yrs.
3 yrs.
11 mos.
1 mo.
0 mo.
4 mos.
11 mos.
7 mos.
2 mos.
0 mo.
8 mos.
6 mos.
8 mos.
1970-June..........
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
1971-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
232,599
237,821
240,511
239,330
242,180
244,447
247,713
247,667
248,092
247,457
245,888
245,635
245,473
105,530
110,813
109,830
108,671
111,636
120,125
123,423
123,418
115,534
114,940
113,466
113,959
112,772
89,615
89,614
91,075
91,066
90,992
82,302
82,318
82,316
86,011
86,025
85,990
88,004
89,074
15,882
15,876
18,122
18,140
18,138
22,555
22,553
22,553
27,197
27,199
27,199
24,502
24,503
10,524
10,514
10,507
10,501
10,493
8,566
8,556
8,542
8,529
8,513
8,491
8,472
8,455
11,048
11,004
10,978
10,951
10,922
10,900
10,863
10,839
10,821
10,780
10,742
10,699
10,670
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
8 mos.
6 mos.
7 mos.
6 mos.
5 mos.
6 mos.
4 mos.
4 mos.
7 mos.
6 mos.
6 mos.
6 mos.
6 mos.
Source- Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
bonds which have been classified to earliest call date. The last of these
bonds were called on August 14, 1962, for redemption on December 15, 1962.
22
Treasury Bulletin
.FEDERAL DEBT.
Table FD-5. - Special Public Debt Issues
(in millions of dollars)
End of
fiscal year
or month
1962....
196 3
Federal Federal
employees'Deposit
Total retire Insurance
Corpora
ment
tion
funds
44,939
44,801
46,627
48,650
11,382
786
1,192
1,259
1,890
2,583
2,980
436
678
609
265
238
722
978
1,513
2.602
3,3
'65
5,804
5,714
5,783
5,909
6,113
5,744
5,856
5,754
5,915
6,068
3,316
2,786
2,969
3,123
3,277
3,339
3,303
3,434
3,751
3,852
4,657
4,803
*,931
5,799
7,075
7,785
8,807
9,957
10,520
8,514
182
263
464
519
749
1,635
1,304
772
497
2,084
1,953
5,769
3,235
10,675
620
5,915
5,906
5,892
5,881
5,868
5,853
5,961
5,950
6,012
5,995
5,981
5,970
6,068
3,751
3,637
3,595
3,557
3,341
3,334
3,396
3,264
3,343
3,313
3,196
3,176
3,852
10,520
10,285
10,633
10,322
10,102
10,146
9,984
9,414
9,607
8,925
8,545
8,815
8,514
497
543
524
539
622
706
932
1,500
1,660
1,697
1,720
L,746
2,084
2,408
23,718
60
806
18,931
74
74
4,435
4,497
4,691
4,628
4,660
4,736
4,966
4,923
4,997
5,259
5,415
5,607
5,713
199
203
75
140
86
199
175
333
54
683
66
57
44
2,583
25,939
25,614
26,442
25,948
25,343
25,323
25,787
25,069
25,552
26,630
27,092
28,127
27,248
80
797
2,602
2,479
2,570
2,583
2,399
2,304
3,093
3,037
3,023
2,961
2,853
2,927
2,980
88
118
127
58
37
9
14
35
40
81
85
89
791
784
780
774
768
776
775
770
763
758
752
758
2,739
2,771
2,734
2,725
2,590
2,823
2,936
3,226
3,305
3,388
3,581
3,635
19,238
19,309
19,350
19,398
19,471
20,027
20,257
20,355
20,423
20,442
20,740
21,644
57
85
174
120
100
91
72
175
176
242
264
53
117
155
156
Unemploy
ment
Other
Trust
u
Fund
1,028
1,003
956
933
938
8l4
876
842
797
758
331
270
312
Rail
road
Retire
ment
Accounts
182
98
332
287
223
3
36
73
80
89
5,713
500
260
National
Service
Life
Insurance
Fund
15,074
14,221
14,799
15,261
14,403
17,840
19,221
21,986
2.99
5*3
27,248
3,428
76,323
76,094
77,506
76,681
75,448
75,643
78,106
77,713
78,898
80,049
79,652
81,738
82,784
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1971-Jan..
Feb..
Mar..
Apr..
May..
June.
High
way
Trust
Fund
138
1970-June.
56,155
59,526
66,790
76,323
Government
Life
Insurance
Fund
17,868
71,008
51,120
Federal
Savings
and Loan
Insurance
Corpora
tion
4,435
1969-Dec..
4
5
6
7
8
9
0
1
_
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
74
156
82,784
196
2,304
2,165
1,903
1,563
1,150
1,376
1,891
3,042
Federal Federal
Hospital
home
Ensurance
loan
Crust
banks fund
74
372
82
100
924
52
152
52
199
44
12,438
13,530
14,577
15,189
15,569
15,668
17,354
18,931
21,644
196
196
196
196
196
197
197
Federal
Disability
Insurance
Trust
Fund
-
Source: Daily Treasury statement.
1/ Consists o : Postal Savings System through 1962; Federal Housing
f
Administration Funds; Employees Life Insurance Fund; Exchange Sta
bilization Fund; Veterans1 Special Life Insurance Fund; Veterans'
Reopened Insurance Fund beginning May 1965: Federal Supplementary
Medical Insurance Trust Fund beginning July 1966; Employees Health
Benefits Fund beginning October 1970; Export-Import bank of the United
States from February 1967 - October 1968; and Servicemen's Group Life
Insurance Fund from August 1969 - April 1970.
Footnotes to Table FD-2
Source: On the basis of the daily Treasury statement.
Note: The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstand
ing at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is com
puted for each issue by applying the appropriate annual interest rate
to the amount outstanding on that date (the amount actually borrowed
in the case of securities sold at a premium or discount, beginning
with May i960) The aggregate charge for all interest-bearing issues
.
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed a n M.1
ni
interest charge for the total, or for any group of issues, by the
corresponding principal amount. Beginning with data for December 3
1,
1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
1/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
2/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
July 1971
23
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies 1/
(in millions of dollars)
Agriculture Defense
Department Department
End of
fiscal year
or month
1962........
196 3
196 4
196 5
196 6
196 7
196 8
Total
Housing and Urban Development Department
Government National
Mortgage Association
Federal
Family
Housing
Commodity
housing
Admini
Credit
mortgages and stration
Corporation Homeowners
assistance
2
J
mortgages
7,927
8,123
8,631
9,335
13,377
18,455
24,399
14,249
2,130
Participation
Sales Fund
Other Independent agencies
Farm Credit Administration
Federal
National
Mortgage Export-Import
f
Bank of the
Federal
Banks for
United
Intermedi
Secondary States
cooperatives ate credit
market
u
banks i j
operations
Other
1,951
1,863
1,775
424
586
793
570
441
492
548
577
517
7,320
1,385
2,164
2,571
2,472
1,893
2,268
2,238
2,183
2,112
2,036
2,558
300
520
827
1,961
1,699
1,797
3,269
4,079
5,887
300
2,110
4,830
7,900
1,022
19& ...
1970...
12,510
1969-Dec.
13,820
342
1,817
572
8,060
12,
671r
171
l,785r
1,775
1,768
1,762
1,746
1,742
1,735
1,729
1,720
1,713
1,706
1,700
1,692
519
517
514
7,390
7,320
7.285
7.285
7.285
7.285
7,255
7.230
7.230
6.430
6.430
6.075
6.075
881
1,072
1,230
1,903
2,173
2,369
2,529
2,893
3,363
3,779
2,193
1970-May.
June
July
Aug.
Sept
Oct.,
Nov.,
Dec..
1971-Jan..
Feb..
Mar.
Apr.
May.
467
469
525
709
1.893
1.893
12,510
12,471
12,469
12,481
12,465
12,460
12,491
13,504
12*503
13,021
12,676
12,716
8,600
512
512
482
478
476
476
475
483
483
488
1,890
1,886
1,884
1,882
1,882
1,882
2,882
2,632
3,127
3.125
3.125
Other independent
agencies - (Continued)
End of
fiscal year
or month
Federal
Home Loan
Bank Board
Tennessee
Valley
Authority
(Memorandum)
Other
U
1969.............
1970.............
*
#
*
*
*
#
6
6
6
145
145
180
225
285
417
525
728
996
*
*
*
#
*
3
3
3
3
1969-Dec..........
6
826
1970-May..........
6
6
6
6
6
6
6
6
6
6
6
6
6
905
996
1,006
1,015
1,045
1,065
1,100
1,166
1,188
1,245
1,266
1,285
1,327
1962.............
1963.............
1964.............
1965.............
1967.............
July.........
Aug..........
Sept.........
Oct..........
Dec..........
1971-Jan..........
Feb..........
Mar..........
Apr..........
May..........
Federal
Banks for
cooperatives Federal home intermediate
loan banks
credit banks
u
_
1,411
1,529
1,797
2,770
4,201
4,757
S,310
4,588
4,702
5,524
9,914
3
1,492
3
3
3
3
3
3
3
3
1,559
1,529
1,538
1,557
1,556
1,620
1,720
1,776
1,806
1,840
1,839
1,920
1,850
3
3
3
3
3
Federal
National
Mortgage
Association
i/ 5/
District o
f
Columbia
Stadium Fund
-
4,240
4,942
8,076
13,165
20
20
20
20
20
20
20
20
20
4,180
5,953
10,511
20
9,952
9,914
10,103
10,200
10,166
10,177
10,202
10,532
-
2,551
2,725
2,974
3,532
4,106
4,612
5,319
5,720
6,192
8,423
_
Source:
Bureau of Accounts.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2/ Certificates of interest in the amount of $1,590 million were reclassi
fied July 1 1969 from budget transactions to agency securities.
,
2/
Effective September 30 1968, Federal National Mortgage Association
,
was converted to private ownership pursuant to provisions of the
Federal
land
banks
4,805
4,942
5,044
4,984
4,903
4,882
4,835
4,863
4,909
5,023
5,144
5,401
5,532
6,126
6,192
6,291
6,378
6,362
6,409
6,406
6,405
6,405
6,536
6,500
6,739
6,654
12,606
13,165
13,402
13,977
14,397
14,703
15,069
15,206
15,312
15,112
15,123
15,078
15,142
20
20
20
20
20
20
20
20
20
20
20
20
20
10,241
9,653
9,188
8,536
8,077
_
_
_
_
_
_
_
_
_
Housing and Urban Development Act of 1968 (P.L. 90-448).
Effective December 3 , 1968, Banks for cooperatives and Federal inter
1
mediate credit banks were converted to private ownership pursuant to
provisions of Public Law 90-582, October 1 , 1968.
7
J / Includes mortgage backed bonds beginning June 1970.
?
* Less than $500,000.
r Revised.
ij
Treasury Bulletin
24
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
Export-Import Bank
of the United States
Connlodity C e d t
rii
Corjoration
Retire Out
Sales ments
standing
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
_
-
_
-
-
_
-
-
2,l8l
2,l8l
-
_
_
_
_
_
_
_
_
-
16
171
_
_
_
_
_
_
-
-
1970-May........
July.......
Aug........
Oct........
_
1971-Jan........
Feb........
Apr........
May........
Fiscal 1971
to date........
Retire Out
ments standing Sales
_
_
_
-
_
30
66
255
398
6503/
535
369
321
300
520
827
1,022
1,385
2,146
2,183
l,8l4
1,493
250
-
300
250
373
450
761
1,
4113/
570
-
171
_
_
_
_
_
-
-
Sales
1,493
1,493
1,490
1,486
1,484
1,482
1,482
1,482
Retire Out
standing
ments
-
-
Sales
_
-
300
1,840
2,900
3,250
1,330
_
_
_
-
_
70
7,390
7,320
7,285
7,285
7,285
7,285
7,255
7,230
7,230
6,430
6,430
6,075
6,075
-
6,075
-
1,482
1,232
1,228
1,226
1,226
_
-
267
1,226
-
1,245
-
•
300
2,110
4,830
7,900
8,600
7,320
35
30
25
_
800
_
355
-
Retire Out
standing
ments
-
-
30
180
180
630
1,280
3
4
3
2
*
_
250
4
2
*
Health, Education,
and Welfare
Department 2/
Farmers Home
Administration 1/
Total
600
525
225
-
.
184
401
_
_
70
.
600
1,125
1,166
765
Fiscal year
or month
Office of Secretary 4/
Sales
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1970-May........
June.......
July.......
Aug........
Sept.......
Oct........
Dec........
1971-Jan........
Feb........
Mar........
Apr........
May........
Retire Out
standing
ments
_
_
-
-
680
1,140
640
_
_
-
-
_
-
-
27
324
_
.
652
-
311
-
Government National
Mortgage Association 5/
10
-
765
765
765
765
765
765
765
695
695
685
685
80
685
-
-
Sales
Retire Out
Sales
ments standing
Retire Out
ments standing Sales
_
680
1,820
2,433
2,109
2,109
2,109
2,109
2,109
2,109
2,109
2,109
2,109
2,109
1,457
1,457
1,146
l,l46
_
_
_
_
-
-
-
-
-
200
605
740
465
140
_
-
20
50
50
134
190
_
16
13
11
_
_
-
27
-
-
_
14
-
-
200
785
1,475
1,891
1,897
1,707
1,707
1,707
1,691
1,691
1,691
1,691
1,678
1,667
1,667
1,640
1,640
1,626
1,626
350
520
430
50
-
70
70
203
225
_
-
70
-
-
_
1,146
1,626
81
963
Source: Bureau of Accounts.
1/ Includes Direct Loan and Rural Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Professions
Education Fund, and Nurse Training Fund, beginning April 1968.
Includes $107 million refunding transaction.
Includes College Housing, Elderly Housing, and Public Facility programs.
Includes Special Assistance, and Management and Liquidating programs.
I Includes programs for Disaster Loans, and Business Loans and
761
-
_
-
782
782
782
782
782
782
21
-
Fiscal 1971
852
782
3
-
18
-
350
800
1,160
1,007
782
782
764
764
761
761
_
-
Retire Out
standing
ments
_
-
_
100
885
260
590
260
-
10
60
60
79
136
_
_
-
20
17
14
.
3
3
.
.
100
200
212
209
_
-
209
209
-
2
-
209
209
209
209
209
209
-
209
207
207
207
207
2
207
-
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
Veterans
Administration 7/
Small Business
Administration 6/
_
.
.
100
100
15
-
765
765
Participation certificates issued by GNMA acting as trustee - (Continued)
Housing and Urban Development Department
Retire Out
Sales ments
standing
_
-
100
975
1,175
1,704
1,885
1,749
1,749
1,749
1,729
1,729
1,729
1,729
1,712
1,698
-
_
-
31
-
-
_
-
17
-
1,698
1,667
1,667
1,650
1,650
-
99
1,650
Sales Retire Out
standing
ments
_
296
902
68
834
457
377
_
42
419
436
855
1,021
167
99
923
1,590
667
_
.
-
.
.
_
-
_
-
-
-
-
-
_
_
-
-
-
_
_
_
_
_
_
-
-
-
-
-
-
Investments.
Includes Direct Loan and Loan Guaranty programs.
of Commodity Credit Corporation,
V j In the case"certificates of interest" and areparticipation certificates
are called
not included in the
Participation Sales Act of 1966. Amounts shown as sales and retirements
represent the net excess transactions for the period. On July 1 1969
,
the amount outstanding was reclassified as agency securities.
Less than $500,000.
July 1971
25
FEDERAL DEBT
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
'
End of
fiscal year
or month
Statutory
debt
limit
Total outstanding sub
ject to limitation
Total
Matured debt and.debt bearing no
interest subject to limitation
Interest bearing debt
subject to limitation
Agency securities
Public debt & debt of District Public debt Agency
District of
securities securities Columbia
securities of Columbia 1/
1/
Public debt
securities
Agency
securities
1962.............
1963.............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1969-Dec..........
300,000
307,000
324,000
324,000
328,000
336,000
358,000
377,000
377,000
430,000
377,000
298,212
306,099
312,164
317,581
320,102
326,471
350,743
356,932
373,425
399,475
371,435
297,768
305,492
311,351
316,991
319,641
325,959
346,925
353,084
370,288
397,503
367,592
444
607
813
590
462
512
3,819
3,847
3,137
1,972
3,842
294,442
301,954
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
366,221
424
586
792
569
441
492
3,798
3,827
3,117
1,952
3,822
20
20
20
20
20
20
20
20
20
20
20
3,326
3,538
3,995
3,878
4,210
3,673
2,524
1,355
1,262
1,214
1,371
1
1
1
1
1
*
*
*
*
*
*
1970-June..........
July..........
Aug..........
Sept..........
Oct..........
Nov..........
Dec..........
1971-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June..........
377,000
395,000
395,000
395,000
395,000
395,000
395,000
395,000
395,000
430,000
430,000
430,000
430,000
373,425
379,071
383,403
381,180
382,672
386,109
391,626
390,809
392,332
393,343
393,231
398,191
399,475
370,288
375,937
380,271
378,048
379,570
383,011
388,530
387,712
390,036
391,040
391,263
396,218
397,503
3,137
3,134
3,132
3,132
3,102
3,098
3,097
3,096
2,295
2,303
1,968
1,973
1,972
369,026
374,622
378,905
376,820
378,324
381,667
387,252
386,487
388,648
389,777
390,029
394,922
396,289
3,117
3,114
3,112
3,112
3,082
3,078
3,076
3,076
2,276
2,283
1,948
1,953
1,952
20
20
20
20
20
20
20
20
20
20
20
20
20
1,262
1,316
1,365
1,228
1,246
1,344
1,278
1,226
1,388
1,263
1,234
1,296
1,214
*
*
*
*
*
*
*
*
*
*
*
*
*
Source: Daily Treasury statement.
Note: For debt subject to limitation for fiscal years 1940-1961 see Table
21 of the Statistical Appendix to the Annual Report of the Secretary
of the Treasury on the State of the Finances for fiscal 1970. For a
summary of legislation on debt limitation under the Second Liberty
Bond Act and the amounts of limitation see Table 31 of the
Statistical Appendix.
1/ Of $3,250 million in participation certificates subject to
limitation issued in fiscal 1968, $1,465 million are now outstanding.
2/ District of Columbia Armory Board Stadium Bonds.
* Less than $500,000.
26
Treasury Bulletin
. FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
by the Act of March 17, 1971 (Public Law 92-5), provides that
the face amount of obligations issued under authority of that
Act, and the face amount of obligations guaranteed as to prin
cipal and interest by the United States, shall not exceed in
the aggregate $400 billion outstanding at any one time . Pub
lic Law 92-5 also provides that beginning March 17, 1971, and
ending June 30, 1972, the public debt limit shall be tempo
rarily increased by
billion to
billion.
$30
$430
The Act of June 30, 1967 (Public Law 90-39) provides
that the face amount of benef5cial interests and participa
tions issued under section 302(c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717(c)) during
the fiscal year 1968 and outstanding at any time shall be
added to the amount otherwise taken into account in deter
mining whether the requirements of the above provisions are
met.
Part A. - Status Under Limitation June 30, 1971
(In millions of dollars)
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)...................... .....................................
Mounts outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended..........
Debt of U.S. Government agencies..............................................
Participation certificates (12 U.S.C. 1717(c))...................................
Total amount outstanding subject to statutory debt limitation.......................
430,000
397*503
507
1,465
Balance issuable under limitation...............................................
_ 399,1 75
_
*
525
Part B. - Application of Statutory Limitation June 30, 1971
______________________ (In millions of dollars)__________________
Classification
Total
outstanding
Public debt:
Interest-bearing debt:
Public issues — marketable:
Treasury bills..................................................................
Treasuiy notes..................................................................
Treasuiy bonds.......... \ ......................................................
Total public issues — marketable.........................................................
Public issues — nonmarketable:
—
— —— —
Certificates of indebtedness:
Foreign series.........................................................................
Foreign currency series..................................................................
Treasury notes:
Foreign series.........................................................................
Foreign currency series..................................................................
Treasury bonds:
Foreign series.........................................................................
Treasury bonds...........................................................................
Treasuiy certificates.....................................................................
Treasury certificates eurodollar series...............................................
U.S. savings bonds........................................................................
U.S. savings notes........................................................................
U.S. retirement plan bonds.........................................................
Depositary bonds................................ .........................................
Treasury bonds, R.E.A. series........................................... ...........
Treasury bonds, investment series...........................................................
Total public issues — nonmarketable......................................................
Special issues to Government agencies and trust funds.............».........................
Total interest-bearing debt......................................................
86,677
104,807
53,989
245,473
2,126
899
5,457
765
24
250
1*57
2,008
53)003
619
47
23
8
2,347
68,032
82,784
396,289
Matured debt on which interest has ceased..................................................
322
Debt bearing no interest:
■—
...
Special Note of the United States:
International Monetary Fund series....................................................
825
Mortgage Guaranty Insurance Company Tax and Loss Bonds.......................................
19
U.S. savings stamps.................................................................
49
Excess profits tax refund bonds.................................................. ......
1
U .S. notes........................................................................
323
Deposits for retirement of national bank and Federal Reserve bank notes..........................
7^
Silver certificates.................................................................
217
Other debt bearing no interest......................................................... ........ 11
Total debt bearing no interest.......................................................
1,519
Total public debt.................................................................
398,130
Debt of U.S. Government agencies:
— — —— — —
Interest-bearing debt................................................................
506
Matured debt on which interest has ceased................................................
*
Total debt of U.S. Government agencies................................................. ....... 507
Total public debt and debt of U.S. Government agencies.....................................
393 505
Deduct debt not subject to limitation.....................................................
627
Add participation certificates..........................................................
1,465
Total subject to limitation........................................................ .... 399,475
Source: Daily Treasury statement.
*
Less than $500,000.
July 1971
27
FRTMCRAT. P E R T
Table -FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Housing and Urban
Development Department
Secretary: ExportImport
Rural
Farmers
Govern
Bank of
Commodity Electri Home
the
Credit
Secretary ment
fication Adminis
United
National Other
Corpo
Adminis tration
J f r g g 6/
yotae
States u
ration
tration programs
Assn. 5/
Agriculture Department
End of
fiscal year
or month
Total
Agency
for
Inter
national
Develop
ment 1/
2/
1962........
1963........
1964........
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1969-Dec.....
28,634
29,166
29,241
28,354
26,964
24,611
27,040
28,164
30,651
31,944
30,248
1,062
807
735
712
689
662
638
544
512
451
531
12,990
13,599
13,990
13,111
11,768
10,097
11,989
12,115
12,262
11,977
12,350
3,484
3,657
3,828
4,075
4,234
4,518
4,770
5,045
5,328
5,746
1970-June....
July....
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1971-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
30,651
30,049
30,759
30,688
31,393
31,385
31,540
30,863
31,569
31,243
31,779
31,721
31,944
512
512
512
512
512
512
502
498
498
498
498
498
451
12,262
11,398
12,076
11,895
12,515
12,380
12,665
12,594
12,417
12,269
12,178
12,121
11,977
2/
1,830
1,476
830
513
178
5,154
854
1,027
1,170
1,235
1,436
1,415
1,454
1,583
1,416
1,391
1,654
5,328
5,428
5,428
5,528
5,528
5,628
5,543
5,643
5,643
5,643
5,743
5,743
5,746
1,416
1,387
1,349
1,301
1,295
1,302
1,293
1,419
1,316
1,327
1,336
1,351
1,391
362
720
1,586
783
1,268
1,567
2,005
2,302
2,753
3,133
2,670
1,937
1,570
2,261
3,602
1,980
3,167
2,716
2,393
1,899
1,466
1,329
1,950
2,427
3,133
3,552
2,866
1,586
1,585
1,610
1,620
1,646
1,626
1,523
4*4
689
252
286
348
783
2,261
2,316
2,331
2,371
2,396
2,396
2,421
2,491
3,166
3,391
3,741
3,692
3,602
3,133
3,256
3,286
3,294
3,325
3,342
3,394
3,493
3,515
3,538
3,567
3,538
3,552
-
Source: Dally Treasury statement,
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury. Further detail may be found in the 1970
Statistical Appendix to Annual Report of the Secretary of the Treasury,
pages 310-14, and the 1970 Combined Statement of Receipts, Expenditures
and Balances of the United States Government, pages 597-99.
y
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 j Farm housing and other loan programs, Agricultural Credit Insurance Fund
(formerly Farm Tenant Mortgage Insurance Fund), and Rural Housing Insur
ance Fund.
J/ Includes securities transferred from the Reconstruction Finance Corpo
ration.
i j Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; public facil
ity loans; Low Rent Public Housing Fund; and advances for National
Flood Insurance Fund.
£/ Consists of liabilities taken over by the Association from the
Transpor
tation
Tenn
Dept.
essee
Saint
Valley
Author Lawrence
Seaway
ity
Develop
ment
Corp.
_
Veterans
Adminis
tration:
Direct
loan
program
Under
Defense
Produc
tion
Act
of 1950
2/
Other
2/
10
25
10
15
10
223
249
50
85
95
100
100
100
100
100
100
100
121
123
123
124
125
125
129
133
133
130
133
1,530
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,976
1,923
2,019
2,056
2,023
1,850
1,854
2,032
1,996
2,010
2,051
22
29
35
51
72
90
118
148
183
250
181
10
10
10
10
18
43
43
63
118
118
223
223
223
100
100
100
100
100
100
100
100
100
100
100
100
100
133
133
133
133
133
131
131
131
131
131
131
131
130
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,996
2,010
2,010
2,010
2,010
2,010
2,010
2,010
2,010
2,010
2,010
2,010
2,010
183
183
183
183
183
183
183
235
235
235
235
235
250
32
25
-
Secretary in accordance with the act approved August 2 1954, and
,
notes issued by the Association t n e authority of that act (12 U.S.C.
idr
1719 (c), 1720 (
d), and 1721 (d)) and also securities transferred from
the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administration
beginning January 1966; Housing Assistance Administration from September
1968 - December 1969.
2/ Consists of notes o : The Administrator, General Services Administra
f
tion, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration);
the Export-Import Bank of Washington through March 1962; 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 l); Secretary of Commerce
(Maritime Administration) for the Federal Ship Mortgage Insurance Fund,
fiscal years 1963-67; Virgin Islands Corporation from September 1959 September 1968; District of Columbia Commissioners for the Stadium
Sinking Fund beginning June 1962; Secretary of the Interior (Bureau of
Mines) for development and operation of helium properties beginning
May 1964; and Bureau of Commercial Fisheries for Federal Ship Mortgage
Insurance Fund, Fishing Vessels from January 1966 - May 1967; and
revenue bonds for Smithsonian Institution (John F Kennedy Center
.
Parking Facilities) beginning July 1968.
Treasury Bulletin
28
PUBLIC DBBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and Annual Treasury Bills
Outstanding June 30, 1971
(In millions of dollars)
Amount of maturities
Amount of maturities
Tear
and
month
of final
maturity
v
Held by 2/ Description
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Total
1971
Aug.
Oct.
Nov.
8-1/4%
46
5
1-1/2%
5-3/8%
3-7/8%
7-3/4%
8/15/71-F
8/15/71
10/l/71-E0
11/15/71-B
11/15/71
ll/15/71-G
-
1,922
Note
-
Note
Bond
Note
Total.
2,257
2,806
72
963
1,081
5,836
268
384
3,547
5,143
5-7/8# Note
8/15/75-C
7,680
Oct..
1-1/2# Note
10/1/75-E0
Sept.
Oct..
Nov..
6#
Note
Dec..
2-1/2#
2/15/72-A
2/15/72
2/15/72-C
4/1/72-EA
5/15/72-B
5/15/72-D
6/15/67-72
8/15/72
8/15/72-E
9/15/67-72
10/1/72-E0
11/15/72-F
12/15/67-72
Note
Bond
Note
Bond
June.
Aug..
2,354
5,326
31
19,627
Total.
8,568
11,059
2,857
882
800
980
237
241
247
Note
Note
Bond
Bond
Note
Bond
Note
2,561
270
25,943
Note
563
739
2,441
32
2,331
1,889
1,087
1,976
1,922
1,821
33
2,286
2,291
6,532
34
5,310
2,037
1,232
2,579
3,452
1,951
33
2,286
2,979
148
145
603
1,530
130
2/l5/76-A
3,739
4/1/76-EA
3
May.... 6-1/2% Note
5/15/76-B
2,697
743
1,954
Aug.... 7-1/2% Note
8/15/76-C
4,194
1,508
2,686
10,633
5,108
5,525
Feb__
19,411
2,688
6-1/4% Note
Apr.. . 1-1/2% Note
.
4-3/4#
4#
7-1/2%
1-1/2#
4-3/4#
6-3/4#
2-1/2#
4#
5%
2-1/2#
1-1/2#
Apr..
May..
U.S. Govt,
accounts and All
Federal Re- other
investors
31
1972
Feb.
Total
1975
Aug..
7,872
335
609
Held b y T j Description
n
2,197
72
695
697
2,289
13,015
Note
Bond
Tear
and
month
of final
maturity
3
1977
Feb.
8#
Note
2/15/77-A
5,163
2,941
2,222
Aug.
7-3/4# Note
8/15/77-B
2,264
716
1,548
7,427
3,657
3,770
8,388
3,262
5,126
Total.
1978
Total.
Feb.
6-I/4# Note -
2/15/78-A
1980
Apr....
May....
Aug....
Oct....
Nov....
1-1/2#
7-3/4#
8-1/8#
4#
1-1/2#
4-1/8#
Note
Note
Note
Bond
Note
Bond
-
4/1/73-EA
5/15/73-A
8/15/73-B
8/15/73
10/1/73-E0
11/15/73
Total,,
,
34
5,844
1,839
3,894
30
4,343
15,984
2,663
301
548
1,538
3,269
30
3,795
4,137
11,847
625
4/1/74-EA
5/15/74
5/15/74-D
8/15/74-B
10/1/74-E0
ll/15/74-A
11/15/74
Total,
.
1975
Feb....
Apr....
May....
5-3/4%
1-1/2%
6%
3,126
3,141
34
3,579
4,507
10,284
42
7,212
656
225
Note
Note
Note
2/15/75-A
4/1/75-EA
5/15/75-B
2,238
2,841
706
2,470
2,916
32
2,942
3,563
4,616
42
4,371
1,532
34,163
-
■t
so
Aug....
Oct....
Nov....
Bond
Note
Note
Bond
Note
Note
Note
Note
Bond
CM
Apr....
May....
4-1/8%
7-3/4%
1-1/2%
4-1/4%
7-1/4%
5-5/8%
1-1/2%
5-3/4%
3-7/8%
11,679
22,484
5,148
1,750
3,398
637
944
5,668
Bond -
2/15/80
2,591
825
1,766
3-1/2# Bond -
11/15/80
1,904
748
1,156
4,495
1,573
2,922
272
1,263
Total.
1983
June.
1985
May..
3-1/4# Bond
6/15/78-83
1,535
3-1/4# Bond
4-1/4# Bond
5/15/85
5/15/75-85
1,055
224
1,212
462
831
750
2,267
686
1,581
Total.
1990
Feb..
3-1/2# Bond
2/15/90
4,653
1,140
3,513
4-1/4# Bond
8/15/87-92
3,804
1,369
2,435
4#
Bond
2/15/88-93
247
70
177
4-1/8# Bond
5/15/89-94
1,551
542
1,009
Bond
2/15/95
1,193
152
1,041
3-1/2# Bond
11/15/98
3,876
892
2,984
1992
Aug..
1993
Feb..
1994
May..
8
8
6,760
4#
Nov.
3,181
1974
Feb....
Feb.
34
4,464
2,296
1995
Feb..
3#
1998
Nov..
Source;
Daily Treasury Statement and Office of Debt Analysis in the
Office of the Secretary.
1/ For issue date of each security, see ’Market Quotations on Treasury
’
Securities.”
2/
Beginning with February 1969 Treasury Bulletin, the definition of
U. S. Government accounts and all other investors is in conformity
with the unified budget concept.
July 1971
29
.PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Treasury Bills
(Amount in millions of dollars)
Description of new issue
Issue date
Regular weekly:
(13-week and 26-week)
1971- r 4.7. ...77.
Jfe
11......
18......
25......
Apr. 1......
1971-June
Sept.
*
June
Sept.
*
June
Sept.
*
June
Sept.
k
July
Sept.
6 U ....
8......
15......
22......
29
May
6......
13......
20......
July
Oct.
July
Oct.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
25 6/....
27
June 3......
10......
17......
24......
Xas Mrtisirattgn:
1970-July 23......
Oct. 21......
1971-Mar. 30......
9-dfe and 9B i ea
nth
f =r r:
1970-June 30......
July 31......
Aug. 31......
Sept.30......
Oct. 31......
Nov. 2......
3 0
Dec. 31......
1971-Jan. 31......
Feb. 1......
2 8
Mar. 1......
31
Apr. 30....
May 31......
June 1......
30......
Footnotes at end of Table.
Number of
days to
maturity 1/
Maturity
date
Aug.
Nov.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Apr.
June
Apr.
1971-Mar.
June
Apr.
July
May
Aug.
June
Sept.
Oct.
July
Aug.
Nov.
Sept.
Dec.
1972-Jan.
1971-Oct.
1972-Feb.
1971-N
ov.
Dec.
1972-Mar.
*
Jan.
Apr.
May
Feb.
Mar.
June
3
91
182
Amount of bids accepted
Amount of
bids
tendered
Total
amount
On competitive basis
2.911.1
1.901.4
1.663.5
1,401.1
1.900.7
1.400.8
1.900.7
1.400.7
1.899.7
1.601.8
1.900.5
1.599.9
2.205.7
2.000.3
1.600.6
2.000.5
1,600.2
2,001.0
1,
401.2
2.001.5
1,401.2
2.000.2
1,
400.2
2,000.2
1,
400.0
2,001,3r
1,402.Or
l,608.2r
2,100.9r
1,400.2
2.101.6
1.394.9
2.100.9
1,400.5
2.100.8
1,400.4
2,203.2
1.603.3
1.320.5
1.646.5
1.317.3
1.643.7
1.313.7
1.644.1
1.505.3
1,660.9
1.496.3
1.605.1
1.736.2
1.524.0
1.725.6
1.511.4
1.678.3
1.273.5
1.761.6
1.314.4
1.760.0
1.300.5
1.772.8
1.296.7
1.740.3
1.302.7
1.489.3
1.851.8
1.298.6
1,868.2
1.311.0
1.855.1
1.292.5
1.841.3
1.295.7
1.934.1
1.475.9
On noncompeti*
tive basis 2/
(
238.3
80.7
254.2
2
91
183
91
2
182
9
9
16
91
182
91
16
182
23
23
91
182
2,659.7
2.906.5
2,538.3
2.814.1
2.528.1
2.958.6
2.647.6
2.884.9
2.672.2
5.080.2
2.795.0
2.599.9
3.111.3
2.618.5
3.577.0
3.133.3
3.092.3
2.923.0
3.219.6
2.806.4
3.075.5
2.653.7
3,055.3r
2,450.4r
3,093.5r
3.327.3
2.644.3
3 159.1
2.346.5
3.076.1
2.428.9
3.095.2
2.395.7
3.043.6
2.670.4
22
273
244
23
4.734.8
5.592.9
5.095.0
2,261.2
2.515.1
2,000.8
2.028.6
2.127.9
1.992.3
1.243.2
1.774.0
1.596.7
2.489.0
1.220.8
2.036.4
1.169.9
1.719.6
2.006.3
1,222.0
1,323.2
1.853.7
1.404.4
2,952.1
1.809.7
1.284.5
2.194.5
1,442.0
1.490.7
2.177.4
1.448.5
2.223.4
2.346.6
1.681.7
1.301.9
2.152.4
500.6
1.201.4
500.4
1.202.4
501.3
1.203.5
500.8
1.202.5
1.201.3
500.6
500.8
1.200.5
500.5
1.201.2
1.199.5
499.7
1,201.1
501.3
500.4
1.200.3
500.2r
1,200.5r
1.200.9
500.1
500.4
1.200.3
446.7
1.126.2
479.0
1.118.3
476.0
1.139.4
474.1
1,136.1
1.136.8
480.3
479.8
1,160.7
481.7
1,161.6
1,160.6
483.1
1.173.9
483.7
483.1
1,174.2
485.5
1.171.5
1.170.5
486.9
485.0
1.160.5
53.8
75.2
21.3
84.1
25.4
Total
unmatured
issues out
standing after
new issues
1.903.4
25,441. 3
37.648. 6 2/
25.440. 6
37.644. 8 2/
25.440. 8
37,643. 9 2/
25,430. 8
37,850. 5 2/
25,426. 9
38,049. 7 2/
40,255.
8
25,424.,
2.002.4
1,402.0
40,454.. 2/2/
0
25,421..
9
2.003.4
1.404.2
40.649.,9 2/2/
25.420.,7
2.002.2
40.649.,8 2/2/
1.401.3
25.420..
2.001.7
4
40.650.. 2/2/
1.400.9
1
25,416.,8
2.003.9
40,648.. 2/2/
1.402.4
0
2.002.7
25,414.
40,647.■12/2/
1.400.9
2.003.5
25,412.
1.403.5
40.645.% 2 J 2/
8
42,253., r
1.903.6
4
25,609., r
42,052.,9ri/ 2/ 1/
1,601.1 2/
1,901.8
2
25,809..
a,8 8 ,6 2 / 2 / 1 /
4.
1.599.2 2/
1.900.7
26.009.3
1.601.2 2/
41.647.8 2/ 2/ 1/
1.900.7
26.209.4
1,600.6 2/
41,447.6 2/ 2/ 2/
1.899.7
26.512.9
1,805.4 2/Z/ 41.245.5 2/ 2/ 1/
232.2
386.8
8.5
274
365
273
365
273
365
273
365
365
271
274
365
273
365
365
272
Amount
maturing on
issue date
of new
offering
2
10
9
17
16
91
182
91
182
91
182
91
24
23
1
30
182
Varipus
8
91
182
7
15
91
182
14
22
91
21
182
29
28
5
4
91
182
91
182
91
182
91
182
12
11
19
18
Various
26
26
22
22
31
30
30
31
31
31
30
30
30
31
31
31
29
30
31
31
31
30
31
29
31
30
366
274
275
366
276
366
366
273
275
366
(Continued on following page)
83.6
257.0
87.1
255.6
96.5
239.5
103.6
600.7
264.1
76.6
274.9
88.8
322.7
127.6
239.8
86.8
240.3
99.7
227.4
103.4
261.Or
99.3r
118.9r
249.lr
101.5
233.3
83.9
245.8
108.0
259.5
104.7
269.1
127.4
64.2
26.7
66.4
64.6
20.4
21.0
39.8
18.9
39.6
38.9
16.6
27.2
17.7
17.3
26.0
14.7r
29.lr
30.4
13.2
15.3
39.8
1.400.4
1.901.4
1.404.7
1,900.6
1,
401.6
1,909.6
1,395.2
1.904.4
1.400.7
500.3
1.201.4
500.3
1,202.1
500.7
1.200.5
500.1
1.005.3
1.002.5
501.8
500.1
1,001.2
500.4
1,002.1
1,003.0
500.3
1,200.1
500.0
500.6
1,201.1
500.4
1,200.0
1,200.2
501.3
500.8
1.201.4
4.504.6
13,419.0
4.504.7
13.419.4
4.505.4
13.422.4
4.506.0
13,619.6
13.818.4
4.504.8
4.505.5
14.017.8
4,505.7
14.216.9
14.413.3
4.505.1
14,414.2
4.506.5
4,506.3
14.413.4
4,506.2r
14,414.Or
14,414.7r
4,504.9r
4.504.5
14,a3.6
Treasury Bulletin
30
_________________________________________PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Treasury Bills - (Continued)
On total bids accepted
Issue date
Average price
per hundred
Regular weekly:
( 13-week and 26-week)
1971-Mar
4
(Percent)
*
3.345
3.467
3.307
3.358
3.307
3.416
3.330
3.432
3.522
3.695
3.811
3.704
3.755
4*038
4.141
3.770
3.960
3.865
4.087
3.864
4.182
3.861
4.177
4.351
4.530
4.099
4.480
4.577
4.342
4.507
4.511
4.720
4.988
5.200
4.954
5.133
99.166
98.265
99.179
98.325
99.183
98.295 2/
99.177
98.265
99.130 10/
98.160 11/
98.664.
99.078
98.120
99.012
97.953 12/
99.055
98.010
99.035
97.951 12/
99.032
97.900
99.047
97.911
98.926
97.764 2A/
99.410 15/
98.885
97.722
98.915 16/
97.744
98.894
97.655
98.766 12/
97.446
98.769
97.424
3.299
3.432
3.248
3.313
3.232
3.373
3.256
3.432
3.442
3.640
3.758
3.647
3.719
3.909
4.049
3.738
3.936
3.818
4.053
3.829
4.154
3.770
4.132
4.249
4.423
3,897
4.411
4.481
4.292
4.462
4.375
4.638
4.882
5.052
4.870
5.095
99.146
98.239
99.156
98.287
99.153
98.258
99.146
98.211
99.090
98.114
98.630
99.055
98.087
98.961
97.865
99.041
97.992
99.016
97.932
99.015
97.872
99.015
97.883
98.888
97.676
99.370
98.860
97.659
98.884
97.680
98.845
97.589
98.725
97.347
98.733
97.393
95.068
99.954
99.765
6.504
5.970
3.671
95.109 18/
96.001
99.773
6.450
5.900
3.553
95.048
95.934
99.761
6.530
5.999
3.741
r 94.620
92.823
' 95.096
93.532
' 95.063
93.515
' 95.270
93.698
93.844
95.368
r 96.131
94.921
k 96.247
95.046
95.693
96.775
96.264
97.191
f 97.321
[ 96.354
J 96.625
( 95.504
95.130
96.445
f 95.856
{ 94.340
7.068
7.079
6.467
6.380
6.510
6.396
6.237
6.215
6.072
6.153
5.084
5.010
4.949
4.886
4.249
4.269
3.675
3.691
3.507
3.587
4.403
4.422
4.790
4.688
5.425
5.567
94.695 12/
92.923
95.120
93.548 20/
95.087
93.564
95.313 21/
93.795
93.876 22/
95.395
—
96.168 22/
94.981 24/
96.289
95.063 25/
95.762
96.812 26/
96.299 27/
97.214 28/
97.349
96.372 22/
96.665 J)/
95.557 il/
95.143 . 2
2/
96.453
95.902
94.398 21/
6.970
6.980
6.435
6.364
6.479
6.348
6.181
6.120
6.040
__6.117
5.035
4.950
4.894
4.869
4.180
4.219
3.640
3.660
3.470
3.569
4.350
4.370
4.777
4.677
5.365
5.510
94.604
92.766
95.080
93.522
95.040
93.476
95.245
93.638
93.787
95.333
96.115
94.831
96.224
95.039
95.645
96.752
96.243
97.184
97.296
96.296
96.589
95.430
95.102
96.414
95.814
94.281
7.090
7.135
6.488
6.389
6.541
6.435
6.270
6.275
6.128
6.200
5.104
5.098
4.979
4.893
4.295
4.299
3.795
3.700
3.540
3.643
4*449
4.495
4.818
4.729
5.480
5.625
ift
*
os
"
*
6 y . .........
r
►
oo
^
k
‘
13............
'
20..... ..... .
'
25 &/..........
r
*
1A
*
11
7
*
24............
Tax anticipation:
1970-July 23............
Oct. 21............
1971-Mar. 30............
9-Month and one-year:
1970-June 30............
July 31............
Aug. 31............
Sept. 30............
Oct. 31.......... .
Nov. 2......... .
30............
1971-Jan. 31............
Feb. 1............
28............
Mar. 1............
31............
May 31............
June 1............
30............
Footnotes on following page.
On competitive bids accepted
High
Low
Price per hundred Equivalent rate £/
Price per hundred Equivalent rate 5/
(Percent)
(Percent)
99.154
98.247
99.164
98.302
99.164
98.273
99.158
98.240
99.110
98.132
98.645
99.064
98.102
98.979
97.907
99.0^7
97.998
99.023
97.934
99.023
97.886
99.024
97.888
98.900
97.710
99.379
98.868
97.673
98.902
97.721
98.860
97.614
98.739
97.371
98.748
97.405
^
a
Equivalent average
rate jg/
k
N
|
3.378
3.483
3.339
3.388
3.351
3.446
3.378
3.539
3.600
3.731
3.853
3.738
3.784
4.110
4.223
3.794
3.972
3.893
4.091
*3 8 7
.9
4.209
3.897
4.187
4.399
4.597
4.161
4.510
4.605
4.415
4.589
4.569
4.769
5.044
5.248
5.012
5.157
July 1971
3
1
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-2
Source: Daily Treasury statement; Bureau of the Public Debt.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26-weeks and the 9-month bills represent
additional issues of bills with an original maturity of one year.
2/ For 13-week, 26-week, 9-month, and one-year issues, tenders for
$200,000 or less from any one bidder are accepted in full at average
prices of accepted competitive bids; for other issues, the correspond
ing amount is stipulated in each offering announcement.
2/ Includes strip bills issued February 26 1971.
,
(J Additional amounts ($200,520,000) of eleven series of outstanding
weekly bills issued in strip form for cash on April 6 1971. These
,
bills mature at intervals of one week beginning July 8 1971 and
,
ending September 16, 1971 for each series respectively.
5/ Includes strip bills issued April 6 1971.
,
£/ Additional amounts ($201,030,000) of eight series of outstanding
weekly bills issued in strip form for cash on May 25, 1971. These
bills mature at intervals of one week beginning June 24, 1971 and
ending August 12, 1971 for each series respectively.
7/ Includes strip bills issued May 25 1971.
,
2/ Bank discount basis.
2/ Except $50,000 at 98.382 and $1,020,000 at 98.315.
10/ Except $1,300,000 at 99.153.
11/ Except $100,000 at 98.237.
12/ Except $500,000 at 97.969.
12/ Except $160,000 at 97.980.
y j Except $100,000 at 98.941 and $300,000 at 98.940.
1^/ Except $800,000 at 99.455 and $200,000 at 99.433.
16/ Except $250,000 at 98.926.
12/ Except $600,000 at 98.845 and $810,000 at 98.786.
18/ Except $3,000,000 at 95.147.
12/ Except $800,000 at 94.714.
20/ Except $190,000 at 93.567.
21/ Except $1,060,000 at 95.340 and $70,000 at 95.336.
22/ Except $1,000,000 at 93.905, $1,000,000 at 93.902, and $1,000,000 at
93.900.
22/ Except $1,000,000 at 96.183.
2Jj Except $480,000 at 95.002.
25/ Except $800,000 at 95.073 and $500,000 at 95.070.
26/ Except $200,000 at 97.655.
22/ Except $50,000 at 97.125.
22/ Except $100,000 at 97.184 and $400,000 at 97.222.
22/ Except $200,000 at 96.399.
20/ Except $230,000 at 96.703 and $1,000,000 at 96.696.
21/ Except $700,000 at 95.577 and $1,000,000 at 95.567.
22/ Except $300,000 at 95.171.
22/ Except $850,000 at 94.413.
r Revised.
Treasury Bulletin
32
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/
(Dollar amounts In millions)
Description of issue
Issue
date
1969-Nov.
.
6
13
.
2.
0
2.
8
Dec.
4
.
11
.
18
.
26
.
1970-Jan.
2
.
8.
15.
22.
29
.
Feb.
26
.
Mar.
5
.
.
12
19.
26
Apr.
.
2
.
9
.
16.
2
3.
3.
0
May
7
.
14.
21
.
28
.
June
4
.
11.
18.
25
.
July
2.
9
.
16.
2
3.
Footnotes at end of table.
f1970-Feb.
May
►
Feb.
May
Feb.
May
Feb.
May
Mar.
>
June
►
Mar.
June
►
Mar.
June
►
Mar.
June
►
Apr.
July
Apr.
*
July
Apr.
July
Apr.
July
►
Apr.
July
May
Aug.
June
Sept.
*
June
Sept.
►
June
Sept.
June
Sept.
►
July
Oct.
July
Oct.
*
July
Oct.
r
July
Oct.
{
r
July
Oct.
Aug.
Nov.
►
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Sept.
►
Dec.
►
Sept.
Dec.
►
Sept.
Dec.
•
Sept.
Dec.
Oct.
Dec.
V
Oct.
1971-Jan.
c
1970-0ct.
1971-Jan.
1970-Oct.
1971-Jan.
5
7
13
14
19
21
26
28
5
4
12
11
19
18
26
25
2
2
9
9
16
16
23
23
30
30
28
27
4
3
11
10
18
17
25
24
2
1
9
8
16
15
23
22
30
29
6
5
13
12
20
19
27
27
3
3
10
10
17
17
24
24
1
31
8
7
15
14
22
21
91
182
92
182
91
182
90
181
91
182
91
182
91
182
90
181
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
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
Amount
of bids
tendered
Amount
of bids
accepted
$2,994
2,294
2,779
2,593
2,655
2,265
2,733
3,392
2,867
2,152
2,380
2,097
2,666
2,176
2,441
1,872
2,426
2,216
2,720
2,514
2,876
3,159
3,160
2,532
2,775
2,264
2,573
1,958
2,458
2,192
2,986
2,832
3,051
2,685
3,838
2,383
2,604
2,098
2,618
2,696
3,088
2,447
2,768
2,272
2,445
2,906
2,869
2,846
2,866
2,597
2,966
2,606
2,854
3,216
2,743
2,809
3,002
2,211
3,064
2,115
2,838
2,412
2,357
2,659
2,381
2,170
2,916
2,873
3,014
2,458
Number of
days to
maturity
Maturity
date
$1,802
1,201
1,800
1,204
1,801
1,200
1,801
1,201
1,800
1,200
1,800
1,200
1,801
1,201
1,809
1,209
1,802
1,202
1,804
1,207
1,802
1,205
1,802
1,204
1,801
1,200
1,801
1,301
1,801
1,302
1,798
1,301
1,803
1,303
1,804
1,302
1,800
1,301
1,802
1,305
1,802
1,301
1,803
1,303
1,801
1,301
1,801
1,301
1,802
1,302
1,790
1,304
1,802
1,301
1,801
1,306
1,803
1,303
1,803
1,303
1,801
1,303
1,807
1,303
1,801
1,311
1,803
1,305
1,802
1,300
(Continued on following page)
Average rate
of bids
accepted 2/
(Percent)
6.999
7.281
7.157
7.435
7.142
7.519
7.477
8.028
7.452
7.613
7.701
7.803
7.920
7.921
7.805
7.815
8.095
8.101
7.960
7.991
7.837
7.783
7.788
7.663
7.890
7.776
6.813
6.974
6.868
6.773
6.877
6.729
6.837
6.707
6.264
6.184
6.329
6.392
6.408
6.455
6.310
6.247
6.476
6.494
6.876
7.253
7.184
7.493
6.994
7.201
6.827
6.996
7.133
7.356
6.824
6.858
6.783
6.895
6.732
6.946
6.626
6.929
6.422
6.602
6.643
6.657
6.547
6.644
6.385
6.442
New money
increase, or
decrease ( )
-
$101
114
99
102
96
99
101
118
93
109
102
106
100
100
102
98
104
96
91
102
98
103
101
99
110
90
100
106
108
102
90
108
102
100
95
3
3
July 1971
,
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/ • (Continued)
(Dollar amounts In millions)
Description of issue
Maturity
date
Issue
date
1970-July
3.
0
Aug.
6
.
1.
3
20
,
2,
7
Sept.
2
,
10,
1,
7
2.
4
Oct.
1
,
8
,
1,
5
2,
2
2,
9
Nov.
5
,
12 ,
1.
9
2,
7
Dec.
3
.
10 ,
1,
7
2,
4
3,
1
1971-Mar.
Apr.
2,
5
1
,
8
,
15
June
Number of
days to
maturity
2
4.
^
1970-Oct.
1971-Jan.
►
1970-Nov.
1971-Feb.
^1970-Nov.
1971-Feb.
'1970-Nov.
1971-Feb.
'1970-Nov.
1971-Feb.
^1970-Dec.
1971-Mar.
'l970-Dec.
1971-Mar.
'l970-Dec.
1971-Mar.
'l970-Dec.
1971-Mar.
k
1970-Dec.
1971-Apr.
*
Jan.
Apr.
*
Jan.
Apr.
*
Jan.
Apr.
'
Jan.
Apr.
'
Feb.
May
>
Feb.
May
“
Feb.
May
Feb.
May
>
Mar.
June
>
Mar.
June
Mar.
June
Mar.
June
Apr.
July
^
June
Sept.
July
Sept.
July
Oct.
*
July
Oct.
Sept.
Dec.
29
28
5
4
12
11
19
18
27
25
3
4
10
11
17
18
24
25
31
1
7
8
14
15
21
22
28
29
4
6
11
13
18
20
25
27
4
3
11
10
18
17
25
24
1
1
24
23
1
30
8
7
15
14
23
23
91
182
91
182
91
182
91
182
92
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
90
181
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
Source: See Table PD0-2.
1/ Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on December 2 1970 ($2,105 million),
,
Amount
of bids
tendered
$2,662
2,465
2,632
2,056
2,499
2,476
2,946
2,515
2,660
2,588
2,380
2,075
2,758
2,976
2,714
2,607
2,992
2,525
2,453
2,486
2,449
2,562
2,780
3,444
3,156
2,100
2,615
2,909
3,230
2,448
2,877
2.940
2.940
3,272
2,839
2,470
3,527
2,320
2,841
2,069
2,883
2,343
2,928
2,364
2,646
2,010
2,959
2,648
2,885
2,672
2,795
2,600
3,111
2,618
3,044
2,670
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
$1,801
1,301
1,811
1,300
1,801
1,303
1.803
1,298
1,791
1.403
1,802
1,400
1.805
1,405
1,801
1,402
1.805
1,395
1,801
1.401
1,802
1.402
1,802
1.404
1,801
1.401
1,800
1.401
1,830
1.402
1.803
1.401
1,801
1.403
1,901
1,400
1.903
1.399
6.347
6.429
6.414
6.495
6.511
6.681
6.526
6.587
6.197
6.338
6.342
6.507
6.366
6.555
6.314
6.494
5.955
6.
2a
5.809
6.373
6.024
6.412
6.029
6.224
5.943
6.129
5.830
6.117
5.655
5.772
5.461
5.653
5.283
5.405
4.759
4.855
5.083
4.979
4.883
4.874
4.776
4.785
4.726
4.765
4.830
4.336
3.330
3.482
3.522
3.695
3.704
3.755
4.038
4.141
4.954
5.133
1,901
1.401
1,901
1.400
1,910
1.404
1.904
1.402
1,900
1,602
1,900
1,600
2,000
1,601
2,001
1,600
2,203
1,603
and April 6, 1971 ($2,206 million).
2/ Equivalent average rate on bank discount basis.
New money
increase, or
decrease ( )
1
|
#100
1
107
100
114
91
99
4
105
97
<
97
4
94
99
I
103
I
98
1
99
120
101
98
<
209
A
194
A
194
197
206
»
202
•
197
195
196
1
193
1
101
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip
tion books
opened or bill
tenders re
ceived
Issue
date
7/18/69
7/18/69
4/30/69
7/31/69
8/15/69
7/9/69
7/11/69
7/24/69
•8/4/69
8/2 9.
0/6
8/26/69
9/23/69
f
t
J
^
5/31/69
8/31/69
6/30/69
9/30/69
Description of securities 1/
6.775#
7.202#
7.407#
7.313#
7-3/4#
5.543#
Bill
Bill
Bill
Bill
Note
Bill
_
_
-
7.387#
7.340#
7.357#
7.350#
Bill
Bill
Bill
Bill
•
_
-
r 10A/69
< 10/1/69
10/1/69
10/1/69
10/14/69
10/29/69
f 7/31/69
^10/31/69
10/14/69
8#
7-3/4#
7-1/2#
1-1/2#
7.284#
7.204#
7.244#
7.127#
7.814#
Note
Note
Note
Note
Bill
Bill
Bill
Bill
Bill
2/24/70
1.11/29/69
8/31/69
^11/30/69
9/30/69
12/31/69
10/31/69
1/31/70
f 2/15/70
< 2/15/70
V 2/15/70
.
11/30/69
2/28/70
2/25/70
10/14/69
7.975#
7.777#
7.591#
7.801#
7.561#
7.724#
7.533#
8-I/4#
8-1/8#
8#
6.995#
6.932#
6.549#
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Note
Note
Note
Bill
Bill
Bill
3/26/70
r12/31/69
^ 3/31/70
4/1/70
1/31/70
4/30/70
5/15/70
5/15/70
5/15/70
2/28/70
5/31/70
3/31/70
6/30/70
7/8/70
7/23/70
4/30/70
7/31/70
8/15/70
8/15/70
8/17/70
f 5/31/70
^ 8/31/70
6.177#
6.101#
6.132#
1-1/2#
6.843#
6.814#
7-3/4#
8#
7-3/4#
7.353#
7.277#
7.068#
7.079#
6.452#
6.540#
616#
.|7
7-3/4#
7-3/4#
7-1/2#
6.510#
6.396#
Bill
Bill
Bill
Note
Bill
Bill
Note
Note
Note
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Note
Note
Note
Bill
Bill
f 6/30/70
^ 9/30/70
10/1/70
10/21/70
6.237#
6.216#
1-1/2#
5.970#
Bill
Bill
Note
Bill
9/22/69
10/
10/8/69
10/23/69
10/28/69
11/21/69
11/25/69
12/23/69
1/27/70
2/2/70
3/19/70
3/24/70
10/
4/23/70
5/4/70
5/5/70
5/26/70
6/23/70
7/2/70
7/16/70
7/23/70
8/5/70
8/5/70
8/25/70
9/24/70
IQ/
10/15/70
10/23/70
10/27/70
11/5/70
(
!
11/15/70
11/15/70
7/31/70
10/31/70
Footnotes at end of table.
11/16/70
6.380#
7-1/4# Note
7-1/2# Note
6.153# Bill
6.072# Bill
6-3/4# Note
-
_
>
12/22/69 - Tax ant. J /
3/23/70 - Tax ant. 5/
4/30/70 - Reopening
7/31/70
2/15/71-D
6/
"Strip" of 7
series
S'
5/31/70 - Reopening
8/31/70
6/30/70 - Reopening
9/30/70
_
5/15/71-E
- 5/15/73-A
8/15/76-C
6/
- 10/1/74-E0
4/22/70 - Tax ant. 5/
6/22/70 - Tax ant. j /
j
_
7/31/70 - Reopening
- 10/31/70
_
4/22/70 - Reopening
Tax ant. j /
§
6/22/70 - Reopening
Tax ant. 5/
_ 8/31/70 - Reopening
- 11/30/70
_
9/30/70 - Reopening
- 12/31/70
_ 10/31/70 - Reopening
1/31/71
_ 8/15/71-F
- 8/15/73-B
- 2/15/77-A
_ 11/30/70 - Reopening
2/28/71
_
4/22/70 - Reopening
Tax ant. J /
>
9/22/70 - Tax ant. j /
>
_ 12/31/70 - Reopening
3/31/71
- 4/1/75-EA
_
1/31/71 - Reopening
4/30/71
_ 5/15/73-A - Reopening 6/
- 2/15/77-A - Reopening
- II/15/7I-G
6/
2/28/71 _ Reopening
5/31/71
_
3/31/71 - Reopening
6/30/71
3/22/71 - Tax ant. j /
>
4/22/71 - Tax ant. j /
>
_
4/30/71 - Reopening
7/31/71
_ 2/15/74-C
6/
- 8/15/77-B
- 2/15/72-C
_
5/31/71 - Reopening
8/31/71
-
Period to final
maturity
(years, months,
days) 2/
157d
248d
273d
365d
6/30/71 - Reopening
9/30/71
- 10/1/75-E0
6/22/71 - Tax ant. j /
?
-
_
5/15/74-D
- 8/15/76-C Reopening 6/
_ 7/31/71 - Reopening
10/31/71
6/
- 5/15/72-D
Cash
3,390
3,386
1,610
2,204
-
iy 6m
45.Od
(Average)
271d
365d
273d
365d
190d
236d
273d
365d
147d
208d
273d
365d
273d
365d
271d
365d
iy 6m
3y 6m
7r
*
273d
365d
50d
I80d
275d
365d
5y
276d
365d
3y
6y 9m
ly 6m
272d
365d
274d
365d
257d
273d
273d
365d
3y 6m
7y
ly 6m
273d
365d
2,914
1,522
2,249
1,003
1,645
1,344
1,698
_
1,228
1,884
3,404
_
_
_
_
2,257
1,839
1,856
_
_
1,504
501
1,001
500
1,002
502
1,003
_
500
1,200
1,753
-
1,758
500
1,201
500
1,200
3,679
500
1,200
501
1,201
2,516
2,261
500
1,202
5,627
1,614
1,904
1,001
1,725
10,744^12/
1,293
2,401
1,243
1,774
4,741
4,755
1,597
2,489
18,8l9pl2/
1,221
2,036
244d
5,593
-
_
-
-
8
_
4,683
3,307
_
_
_
3,141p
2,264p
_
-
_
-
31
4,507p
-
271d
365d
ly
(In million of dollars)
_
1,763
1,752
_
500
1,202
2,924
4,176
1,160
1,683
42
_
_
1,170
1,721
3y 6m
5y 9m
6m
(Continued on following page)
For
cash
3,180
4,262
1,213
2,291
2,494
273d
365d
5y
Exchange
Amount issued 2/
2,121
500
1,201
500
1,005
_
_
2,007
3,004
500
1,003
1,007
3,751
1,312
1,982
1,258
1,950
_
iy
3y
6y lOfm
5y
_
Amount of sub
scriptions tendered
1,222
2,006
5,254p
2 ,511p
-
3,l89p
501
1,204
501
1,202
2,515
_
501
1,201
2,037p
In exchange
k/
_
2,924
7/
Allot
ment
ratio
100
_
416|
,7"
1,160) 2/
163/
,81
42
_
_
100
.
_
_
_
2,257\
M 3 9 ) 11/
l,85v
100
_
„
8
_
4,683 ^ 10 /
3,307j
7,065r u /
_
100
12/
_
-
3,141pl 16/
2,264p/
190p 12/
_
100
12/
_
-
31
4,5 \ IQ/
07p
2,511pJ ±2/
100
_
-
20/
3
5
July 1971
P1IBIJC DEBT n w t»»T l«H H
Table PD0-4. - Offerings o f Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Date subscrip
tion books
opened or bill
tenders re
ceived
11/24/70
Issue
date
8/31/70
11/30/70
5.184# Bill
5 0 0 6 Bill
.1J
4.695% Bill
9/30/70
12/31/70
2/15/71
2/15/71
10/31/70
1/31/71
4.949%
4.
886%
5-7/8%
6-1/4%
4.269%
4.249%
11/25/70
12/23/70
1/21/71
1/26/71
Description of securities 1/
Bill
Bill
Note
Note
Bill
Bill
.3.281% Bill
2/11/71
3/24/71
II/30/79
2/28/71
7/23/70
3.691% Bill
3.675% Bill
3.671% Bill
3/25/71
12/31/70
3/31/71
3.507% Bill
3.587% Bill
3.811% Bill
2/23/71
3/31/71
10/
4/27/71
4/29/71
4/1/71
1/31/71
4/30/71
5/15/71
5/15/71
1-1/2%
4.403%
4.422%
5%
5-3/4%
4.099%
Note
Bill
Bill
Note
Note
Bill
2/28/71
5/31/71
6/29/71
3/31/71
6/30/71
7/6/71
4.6
4.790%
6%
5.425%
5.567%
5.033%
Bill
Bill
Note
Bill
Bill
Bill
5/19/71
5/26/71
6/22/71
6/24/71
6/30/71
8/31/71 - Reopening
11/30/71
21/
"Strip" of 7
series
9/30/71 - Reopening
12/31/71
8/15/75-C
2/15/78-A
10/31/71 - Reopening
1/31/72
22/
"Strip” of 6
series
11/30/71 - Reopening
2/29/72
4/22/71 - Reopening
Tax ant. J /
5
12/31/71 - Reopening
3/31/72
"Strip" of 11
series
4/1/76-EA
1/31/72 - Reopening
4/30/72
8/15/72-E
ll/15/74-A - Reopening 6/
"Strip" of 8
26/
series
2/29/72 - Reopening
5/31/72
11/15/72-F
3/31/72 - Reopening
6/30/72
9/21/71 - Tax ant. 5/
Source: Bureau of the Public Debt.
1/ For bill issues, always sold at auction, the rate shown is the equiv
alent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 For details
.
of bill offerings see Table FD0-2.
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 offering.
l j For securities exchanged for the new issues 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.
§/ Price at which issued appears in Table PD0-5.
2/ Includes $125 million allotted to Federal Reserve banks and Government
accounts.
£/ Sale of a "strip" of Treasury bills consisting of an additional $303
million of series maturing on September 18 and 25, and October 2 9
, ,
16, 23, and 30, 1969.
2/ Includes $565 million of the 8% notes, $125 million of the 7-3/4%
notes, and $564 million of the 7-1/2% notes, allotted to Federal
Reserve banks and Government accounts.
10/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l. Amounts shown are as of June 30, 1971.
U / Includes $292 million of the 8-1/4% notes, $288 million of the 8-1/8%
notes, and $458 million of the 8% notes, allotted to Federal Reserve
banks and Government accounts.
12/ Includes $2,421 million of the 7-3/4% notes and $2,125 million of the
8% notes allotted to Federal Reserve banks and Government accounts.
13/ Payment for subscriptions allotted could be made in cash or in
Treasury bonds or notes maturing on the issue date of the new security.
\LJ Consists of allotments paid for with Treasury bonds or notes maturing
on issue date of new security.
Period to final
maturity
(years, months,
days) 2/
Amount of sub
scriptions tendered
Cash
274d
365d
(Average) 57d
1,323
1,854
3,560
273d
365d
Exchange
For
cash
U
Allot
ment
ratio
501
1,201
7,680pl
8 38 >
, 8j
7,680p
8,388p
6m
In exchange
(In millions of dollars)
501
1,200
2,105
1,404
2,952
4y
7y
Amount issued 2/
272d
365d
1,285
1,810
500
1,199
107.5d
(Average)
274d
366d
23d
4,065
1,204
1,442
2,194
5,095
501
1,201
2,001
275d
366d
1,491
2,177
500
1,200
(Average) 128d
5y
276d
366d
ly 3m
3y 6m
5,080
2,206
1,449
2,223
500
1,200
(Average)54.5d
273d
366d
ly 4im
275d
366d
77d
3,093
1,682
2,347
4,028
1,302
2,152
3,886
100
3,452p
3,231p
25/
1,608
500
1,201
2,286
500
1,200
1,752
100
22/
15/ All subscriptions were allotted in full. Subscriptions for Government
accounts and Federal Reserve banks totaled $7,005 million.
16/ Includes $151 million of the 2/15/74-C notes and $479 million of the
8/15/77-B notes allotted to Federal Reserve banks and Government
accounts.
17/ This is amount of bonds and notes maturing August 15, 1970 exchanged
by Federal Reserve banks and Government accounts.
18/ Subscriptions from the public for $200,000 or less were allotted in
full and those above that amount were allotted 9-1/2% but not less
than $200,000.
19/ Includes $842 million of the 7-1/4% notes and $811 million of the 7-1/2%
notes allotted to Federal Reserve banks and Government accounts.
20/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.93 (yield 6.09%) down to 100.69 (yield 6.26%).
21/ Sale of a "strip" of Treasury bills consisting of an additional $301
million of series maturing on January 7 14, 21, and 28, and February
,
4 11, and 18, 1971.
,
22/ Includes $2,319 million of the 5-7/8% notes and $2,722 million of the
6-1/4% notes allotted to Federal Reserve banks and Government accounts.
2?/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of series maturing on May 27, June 3 10, 17, and 24, and
,
July 1 1971.
,
2U Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from July 8 through September 16, 1971.
21/ Includes $1,457 million of the 5% notes and $1,046 million of the
5-3/4% notes allotted to Federal Reserve banks and Government accounts.
26/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from June 24 through August 12, 1971.
27/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.38 (yield 5.71%) down to 99.93 (yield 6.05%)
with the average at 100.00 (yield 6.00%).
p Preliminary.
r Revised.
36
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
mount issued
In millions)
Date of
financing
Description of securities
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1Q71
3-7/8#
7-3/4#
Bond
Note
- 11/15/71
{.
1/
5/15/70
- ll/l5/71-G
C
1972
4-3/4#
Note
-
2/15/72-A
2/15/67
7-1/2#
Note
-
2/15/72-C
8/17/70
{'
C
4-3/4#
Note
-
6-3/4#
6#
Note
Note
- 5/15/72-D
- 11/15/72-F
Note
- 11/15/73-A
4-1/4#
Bond
-
5-5/8#
Note
-
5/15/67
5/15/72-B
{'
11/16/70
6/29/71
$ 465
284
455
1,204
41
*
_
41
3,679
909
6,156
10,744
1,777
54
174
2,006
lOp
I80p
3,189p
3,379p
446
308
837
213
1,804
2,037p
2,286p
$ 99.50
99.50
99.50
Cert.
Note Bond -
5/15/62-A
5/15/62-E
6/15/62
3.94#
3.94
3.94
3#
4#
2-1/4#
99.50
99.50
3.94
3.94
Series F & G savings bonds
2/
99.95
99.95
99.95
7.79
7.79
7.79
2/
5-5/8%
6-2/8%
Note
Note
-
5/15/70-B
5/15/70C
99.625
99.625
99.625
4.84
4.84
4.84
2/
3-5/8%
4%
Note
Note
-
2/15/67-B
2/15/67-C
99.95
99.95
99.95
7.54
7.54
7.54
6-3/8%
4%
2/
Note
Bond
_
8/15/70-D
8/15/70
100.10
99.70
100.15
99.80
4.73
4.82
4.72
4.80
2-1/2%
5-1/4%
3-3/4%
4-7/8%
Bond _
Cert. Note Note -
6/15/67
8/15/67-A
8/15/67-A
8/15/67-E
99.76
99.76
6.21
6.00
2/
2/
-
1973
7-3/4#
5/15/70
3,497
1,186
4,683
99.40
99.40
7.93
7.93
5-5/8%
6-3/8%
Note
Note
-
5/15/70-B
5/15/70C
5/15/74
5/15/65
100.25
100.25
4.22
4.22
4-5/8%
3-7/8%
Note
Note
_
-
5/15/65-A
5/15/65C
8/15/74-B
8/15/68
732
1,329
2,062
5,414
4,442
428
10,284
517
l,860p
l,371p
3,231p
99.62
99.62
99.62
5.70
5.70
5.70
2/
4-1/4%
3-3/4%
Note
Bond
99.00
99.60
99.60
3.97
5.81
5.81
2-1/2%
5-1/4%
8%
Bond
Note
Note
507
1,107
929
433
2,977
3,037
702
3,739
2
1,109
571
1,683
2,511p
99.40
99.15
99.85
99.85
5.73
5.73
5.73
5.72
4-1/4%
3-3/4%
5-1/4%
3-7/8%
Note
Bond
Note
Bond
99.75
99.75
6.29
6.29
5-5/8%
4%
Note
Bond
_
99.50
99.50
99.50
7.61
7.61
7.61
1-1/2%
4%
2-1/2%
Note
Bond
Bond
_
100.50
7.48
5%
Note
1/
197A
c
3-7/8#
Bond
11/15/74
I/
11/15/61
5-3/4#
Note
11/15/74-A
1/
5/15/71
-
-
-
8/15/68-C
8/15/68
11/15/61
5/15/71-A
5/15/71-E
1975
5-3/4#
Note
-
2/15/75-A
1976
6-1/4#
Note
-
2/15/68
2/15/76-A
7-1/2#
Note
-
8/15/76-C
c
Footnotes at end of table.
(Continued on following page)
8/15/68-C
8/15/68
11/15/68-D
11/15/68
-
-
-
-
2/15/69-A
2/15/69
10/1/69-E0
10/1/69
- 12/15/64-69 2/
_
ll/15/70-A
July 1971
37
________________________PUBLIC DEBT OPERATIONS________________________
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations - (Continued)
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1977
Note -
8/15/77-B
8A5/70
/
I
$752p
l,512p
2,264p
$99.75
99.75
7.80%
7.80
6-3/8% Note
4%
Bond
f 1/23/59
< 12/L5/62
r
884
{
7-3/4%
*
34
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F & G savings bonds
2/
100.50
3.22
2/
101.00
101.00
101.00
4.19
4.19
4.19
4%
Note
3-1/4% Note
2/
-
8/15/70-D
8/15/70
1980
4%
Bond -
1985
3-1/4%
1987
Bond -
4-1/4%
Bond -
2/15/80 1/
5A5/85
6/3/58
1,135
r
8/15/87-92 1/
8/15/62
f
^
1988
4%
1989
4-1/8%
1/
2/
jJ
;
360
365
Bond -
2/15/88-93
1/17/63
250
99.85
4.01
2/
Bond -
5/15/89-94
4/18/63
300
100.55
4.09
2/
Additional issue.
Issued for cash.
To adjust for market value of bonds, subscribers were paid $2.20 per
*
p
$1,000 face value exchanged.
Less than $500,000.
Preliminary.
-
8/15/62-B
8/15/62-G
Treasury Bulletin
38
.PUBLIC DEBT OPERATIONS.
Table PDO-6 - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Treasury Bills 1/
(In millions of dollars)
Allotments by investor classes
Issues
Date of
financ
ing
8/15/68
IU/<«/
£?OO
Amount issued
In
exchange
For for
cash other
securi
ties
Description of securities
5-5/8? Note - 8/15/74-B 8 5,414
/
Commer
cial
banks
y
Indi
vidu
als
4/
Insur
ance
compa
nies
Private
Mutual Corpo pension
sav
rations and r e>
ings
tirement
banks y
fund
State and local
governments 6/
Dealers
Pension
and re Other and
brokers
tire
funds
ment
funds
21
158
974
All
other
2/
4,870
4,811
2,474
434
83
180
330
55
7,793
2,329
_
5/L5/70-B Q
/
\5-3A2 Note - 11A5/74-A z/
f 5-5/8% Note
U.S. Gov
ernment
accounts
and
Federal
Reserve
Banks 2/
5,336
1,043
1,351
786
128
23
71
25
14
11
61
180
17
1
55
9
154
24
243
180
364
47
8,764
3,739
6,188
2,833
1,435
551
199
53
51
12
53
7
101
12
31
13
3
2
253
11
147
159
303
87
3
4
1
2
160
49
174
570
282
87
764
o / /aq
i
(3-3/8% Note _ 5A5/70-C
\6-l/4% Note - 2A5/76-A
-
« J ? 07
/
? lA/AQ
/ ./
(6-3/8% Note _ 8A5/70-D
(6-1/2% Note - 5A5/76-B
-
2,329
2,697
264
473
1,215
1,245
95
39
24
41
22
28
89
159
8/L5/69
7-3/4% NOte - 2/15/71-D
-
2,924
125
1,438
301
38
52
62
31
6
150
537
184
_
10/L/69
Note _ 5A5/71-E
<7-3/4% Note - 5A5/73-A
V7-l/2% Note - 8A5/76-C
-
4,176
1,160
1,683
564
125
564
2,111
660
476
217
87
96
65
23
29
42
8
8
254
12
31
15
4
8
11
3
11
276
37
24
240
136
380
381
65
56
2/15/70
8/15/71-F
fe 1/4% Note
<8-1/8% Note - 8/15/73-B
Note - 2A5/77-A
(%
8
-
2,257p
l,839p
l,856p
292
288
458
1,175
942
746
85
51
48
47
17
38
20
17
14
169
76
47
7
3
6
6
2
13
125
97
77
86
241
345
245
105
64
5A5/70
A-3/4% Note _ 11A5/71-G 3,679
<7-3/4% Note - 5A5/73-A 2/
\8%
Note - 2A5/77-A 2/
-
7,065
4,683
3,307
7,005
2,421
2,125
2,352
1,442
819
391
171
53
7
23
7
15
28
19
34
33
6
8
6
10
1
1
2
297
90
55
270
157
146
364
311
65
r/ */f
tf 5 U
O/X^/tn
/7-3/4% Note _ 2/15/74-C
\7-3/4% Note - 8A5/77-B
_
-
3,141p
2,264p
150
479
1,929
967
166
74
38
29
38
22
62
35
6
20
2
6
167
47
335
513
248
72
8/L7/70
7-1/2% Note - 2A5/72-C
3,179f
190p
190
1,664
656
13
43
78
18
3
110
269
325
4,511p
2,512p
838
811
2,481
1,033
292
94
44
24
37
10
61
40
13
7
4
2
193
22
343
392
205
77
-
1,593
119
2
4
11
3
*
4
198
104
2,319
2,722
3,586
3,122
235
431
77
116
34
90
91
98
22
133
8
123
260
496
_
_
u
nL /± /nU
- Lic//
/ ? c\
-
_
_
5/15/74-D Q>
(7-1/4% Note
\7-l/2% Note - 8A5/76-C 2/
11/16/70
6-3/4% Note - 5A5/72-D
0 / /7
1 f1
(5-7/8% Note
8/15/75-C
\6-l/4% Note - 2A5/78-A
-
2,038p
_
-
7,680p
8,386p
_
1,351
3,432p
1,457
8/15/72-E
Note
(5%
1,257
1,046
3,231p
b-3/4% Note - ll/15/74-A 2/
Source: Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ Excludes 1-1/2% Treasury notes issued in exchange to holders of n n or
marketable 2-3/4% Treasury bonds, Investment Series B-1975-80.
2/ Includes trust funds and aecounts 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.
j / Exclusive of banks and insurance companies.
j
6/ Consists of trust, sinking, and investment funds of State and local
governments and their agencies.
2/ Includes savings and loan associations, nonprofit institutions, and
5/15/71
714
334
424
631
135
177
30
22
93
3
138
13
13
196
26
263
26
38
93
36
4
246
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Offerings subject to allotment, were made for the purpose of paying
off maturing securities in cash. Holders of the maturing securities
were not offered preemptive rights to exchange their holdings but
were permitted to present them in payment of exchange, in whole or
in part, for the new issues.
2/ Reopening of earlier issue.
* Less than $500,000.
P Preliminary.
39
July 1971
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series
(in millions of dollars)
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
9-month Tax antici
series pation
series
3/
Allotments by investor classes
Other
series
U.S. Govern
ment accounts
and Federal
Reserve
Banks 2/
Commer
cial
banks
Corpo
rations
n
Dealers
and
brokers
All
other 4/
(Percent)
6.775
7.202
7.407
7.313
1,202
5/31/70
8/31/70
6/30/70
9/30/70
7.387
7.340
1,201
1,005
7/31/69
8/31/69
1,763
1,752
f12/22/69
3/23/70
00
7/18/69
/
V
/
^
10/1V 69
V 22/70
7.357
7,350
724
.8-
10/29/69
6/22/70
11/26/69
7/31/70
10/31/70
V 22/70
6/22/70
724
.47.127
7.014
7.975
u/30/69
Ul
/30/70
8/31/70
12/31/69
9/30/70
^12/31/70
7.777
7.591
7.801
7.561
'10/31/70
> 1/31/71
11/30/70
2/28/71
7.724
7.533
6.995
6.932
10/31/69
1/31/70
2/28/70
1
3
*
*
29
27
500
150
367
171
349
1
12
168
391
10
83
500
180
348
190
427
75
350
-
139
322
2,004
97
309
266
190
21
110
500
12
7
1
8
-
-
3
-
33
201
450
13
102
-
5
7
254
336
194
318
47
123
23
118
7.204
9/30/69
1,733
1,722
-
2,007
3,004
19
135
-
2,971
125
312
161
128
*
11
-
1,002
1,497
-
139
287
116
259
61
228
157
305
*
27
10
2
502
200
328
150
269
16
14
11
2
184
266
201
600
25
180
500
77
215
106
151
-
1,745
-
-
8
126
279
1,749
-
-
9
133
317
194
438
47
146
500
125
336
125
315
12
22
170
398
164
546
29
161
500
176
303
l4l
179
1
21
*
2
58
138
501
125
333
145
324
6
19
170
396
55
129
500
1,003
1,007 5/
1,504 5/
1,001
1,002
501
500
1,003
1,200
32
178
3/3/70
u/22/70
6.549
1,753 5/
3/26/70
9/22/70
6.177
1,758
3/31/70
'12/31/70
3/31/71
6.101
6.132
1,201
V 30/70
1/31/71
1 ‘
t/30/71
6.843
6.814
1,200
5/31/70
r 2/
28/71
^ 5/31/71
7.353
7.277
1,200
6/30/70
r 3/31/71
^ 6/30/71
7.068
7.079
1,201
7/8/70
3/22/71
6.452
2,517
-
2,463
-
-
33
7/23/70
V 22/71
6.504
2,261
-
2,256
-
-
5
7/31/70
r */30/71
1
V 7/31/71
6.467
6.380
1,202
20
17
252
4l
9
638
8/31/70
r 5/31/71
^ 8/31/71
6.510
6.396
1,204
11
15
159
454
15
105
9/30/70
r 6/30/71
[ 9/30/71
6.237
6.216
1,202
19
101
10/21/70
6/22/71
5.970
10/31/70
f 7/31/71
^10/31/71
6.153
6.072
1,201
u/30/70
r 8/31/71
^n/30/71
5.084
5.010
1,201
12/31/70
? 9/30/71
<12/31/71
4.949
4.886
1,201
1/31/71
/ 10/31/71
1/31/72
4.269
4.249
1,199
2/28/71
ru/30/71
^ 2/29/72
3.691
3.675
1,201
Footnotes at end of table.
500
500
170
447
501
156
4l4
*9
*
59
160
216
501
100
383
224
250
5
22
153
446
-
2,510
5
162
409
167
304
1
17
-
501
152
358
19
113
501
125
317
150
373
160
339
211
211
10
38
188
419
18
88
11
12
119
560
10
45
500
200
377
133
246
11
26
119
393
37
157
501
205
427
137
310
10
21
123
385
2,515
501
(Continued on following page)
i
26
58
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series - (Continued)
(in millions of dollars)
Total amount issued
Date of
financing
Date of
maturity
Average
rate
9-month
series
Tax antici
pation
series
Allotments by investor classes
U.S. Govern
ment accounts
and Federal
Reserve
Banks 2/
Commer
cial
banks
Corpo
rations
2/
-
798
11
1,180
12
200
498
127
209
klk
5
45
252
562
65
233
6
34
*
7
162
500
10
360
173
38
500
200
484
15
250r
8
11
226
435
500
One-year
series
125
473
195
324
5
21
124
229
y
Other
series
Dealers
and
brokers
All
other k/
(Percent)
3/30/71
4/22/71
3.671
(J
-
12/31/71
3/31/72
3.507
3.587
1,200
k/^0/71
7 Jv/1
*
1/31/72
k 4/30/72
k.kCS
k.k22
1,200
5/31/71
f
J 2/29/72
L
1 5/31/72
4.688
4.790
1,201
6/30/71
u j\Jf rx
/
r
J 3/31/72
L
i 6/30/72
5.425
5.567
1,200
O
/
2,001 5/
500
Source:
Based on subscription and allotment reports. For detail of
offerings see Table FD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/
lj
5/
r
51
21r
51
153
Exclusive of banks and insurance companies.
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
Reopening of earlier issue.
* Less than $500,000.
Revised.
4
1
July 1971
PUBLIC DBBT OPERATIONS.
Table PDO-7. - Disposition o f Public Marketable Securities
Other than Regular Weekly Treasury Bills
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
5.
310#
5.446#
5.907#
^ 6#
5.151#
5.693#
5.907#
5.108#
6.483#
_
Disposition offers
by Treasury
Amount
out
standing
Results of ex
change offers
Cash
Exchange
Ex
retire security
changed
offered
ment
(In millions of dollars)
1,001 I
502 V
w
3,366
442
8/31/69
9/30/69
-
7/31/68
7/31/68
7/31/68
5/15/68
8/31/68
8/31/68
8/31/68
9/30/68
9/30/68
1,001
502
200
3,366
1,000
505
200
1,001
500
10/l/69-E0
10/1/64
159
159
92
Bond -
10/1/69
10/1/57
6,240
6,240
1,097
I2-1/2# Bond -
8/15/69
7/31/69
7/31/69
7/31/69
8/15/69-C
8/31/69
8/31/69
8/31/69
9/30/69
9/30/69
1-1/2# Note -
7/31/69
12/15/69
9/15/43
2,484
2,484
8,883
8,883
4#
10A/69
Bill
Bill
Bill
Note
Bill
Bill
Bill
Bill
Bill
_
_
-
_
Total.
200J
2,924
11/30/69
12/15/69
12/22/69
200J
7,020
1,190
Bill
Bill
Bill
Bill
Bond
Bill
10/31/69
10/31/69
11/30/69
11/30/69
12/15/69
12/22/69
10/31/68
10/31/68
11/30/68
11/30/68
9A5/43
7/18/69
6.412#
6.059#
6.144#
5.976#
Bill
Bill
Bill
Bill
12/31/69
12/31/69
1/31/70
1/31/70
12/31/68
12/31/68
1/31/69
1/31/69
Bond
2/15/70
1A5/65
4,381
4,381
2-1/2# Bond
3/15/70
2/1/V4
2,280
2,280
6,661
6,661
5,952
408
3,497
2,670
1,625
1/31/70
Total.
2/28/70
3/15/70
3/23/70
3/31/70
4/1/70
4/22/70
4/30/70
5/15/70
(I
Bill
Bill
Bond
Bill
Bill
Bill
Note
Bill
Bill
Bill
Bill
Bill
500
673
1,763
999
501
1,000
500
408
1,000
-
5/15/70
11A5/68
7,793
7,793
Note -
5A5/70
2/15/69
8,764
.8,764
16,557
16,557
_
_
_
_
Total.
5/31/70
6/22/70
6/30/70
7/31/70
6.270#
7.387#
'7.204#
7.976#
^7.342#
7.357#
'7.313#
7.244#
Bill
Bill
Bill
Bill
Pill
Bill
Bill
Bill
Footnotes at end of table.
5/31/70
5/31/70
6/22/70
6/22/70
6/30/70
6/30/70
7/31/70
7/31/70
5/31/69
5/31/69
10/29/69
10/29/69
6/30/69
6/30/69
7/31/69
7/31/69
500
301
1.752
1,001
501
88
2.007
1.007
1.753
1,001
500
1,000
500
3,004
1,504
1,201
500
1,202
500
8-1/4#
8-1/8#
K
8#
ft1/4#
8-1/8#
8#
!2,257
1,839
i
1,856
Note F-1971
Note B-1973
Note A-1977
Note F-1971
Note B-1973
Note A-1977
of 8-1/4# Note
of 8-1/8# Note
of 8#
Note
1,000 «
3/
500 J
2'
2/28/69
2/28/69
2/1/44
7A8/69
3/31/69
3/31/69
4/1/65
10/14/69
10/U/69
10/L4/69
4/30/69
4/30/69
-
E-1971
A-1973
C-1976
E-1971
A-1973
C-1976
E-1971
A-1973
C-1976
Note
Note
Note
500
2/28/70
2/28/70
3/15/70
3/23/70
3/31/70
3/31/70
4/1/70-EA
4/22/70
4/22/70
4/22/70
4/30/70
4/30/70
-
Note Note Note Note Note Note Note Note Note of 8#
of 7-3/4#
of 7-1/2#
1,001
Note -
6.235#
6.307#
*2-1/2#
7.202#
'6.132#
7.387#
‘1-1/2#
'7.284#
7.814#
.6.549#
”5.930#
7.407#
|
8#
7-3/4#
[7-1/2#
|8#
7-3/4#
17-1/2#
18#
,7-3/4#
17-1/2#
J4,176
1,160
[1,683
1,002
2/15/70
I
D-1971
1.001 Y w
500 J2'
5.401#
6.195#
*5.567#
^6.307#
'2-I/2#
6.775#
12/31/69
7-3/4# Note
1.000 v
505 )i/
4#
10/31/69
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
301
}
1,752 i/
1.001 Yj/
501 ^
88
2.007 W
1.007 P
1,753 ^
1.001 V /
500 ^
1,000 '
500
3,004^
1,504
1,201“
500
1,202 ^
500
J
(Continued on following page)
1,186
636
7,990
6,941
Note 8*
Note 17-3/4* Note Note 86
)
V
h -3 fy *
<4,683
8,566 5/ 13,307
A-1973
A-1977
A>
r 1973
A-1977
of 7-3/4# Note
of 8#
Note
Treasury Bulletin
42
.PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
5/15/69
2,329
Disposition offers
by Treasury
Results of ex
change offers
Cash
Exchange
Turned
Ex
retire
security
in for
changed
offered
cash 2/
ment
(In millions of dollars)
I 1,291pl
286p
2,329
6-3/3* Note
-
8/15/70
4$
Bond
-
8/15/70
6/20/63
4,129
Total..
7.340*
7.777*
6.177*
7.350*
7.801*
1-1/2*
7.127*
7.724*
Bill
Bill
Bill
Bill
Bill
Note
Bill
Bill
-
8/31/70
8/31/70
9/23/70
9/30/70
9/30/70
10/1/70-E0
10/31/70
10/31/70
8/31/69
8/31/69
3/26/70
9/30/69
9/30/69
10/1/65
10/31/69
10/31/69
6,458
1,201
501
1,758
1,005
500
113
1,003
502
11/15/70
5*
Note
-
ll/15/70-A
2/15/66
7,675
11/30/70
7.591* Bill
6.995* Bill
11/30/70
11/30/70
11/30/69
11/30/69
1,001
500
12/31/70
7.561* Bill
6.101* Bill
12/31/70
12/31/70
12/31/69
12/31/69
1,002
500
7.533* Bill
6.843* Bill
1/31/71
1/31/71
1/31/70
1/31/70
1,003
500
-
2/15/71-C
8/30/67
2,509
2,509
7-3/4* Note
-
2/15/71-D
8/15/69
2,924
2,924
l,027pl
l,322pj
2-1/2* Bond
-
3/15/71
12/1/44
1,219
1,219
5-3/8* Note
-
11/15/71-B
11/15/66
1,734
7-3/4* Note
-
ll/15/71-G
5/15/70
3-7/8* Bond
-
11/15/71
4-3/4* Note
-
7-1/2* Note
Bond
C-1974
B-1977
1,003^3/
5-3/8* Note
-
1,0021 3 /
500J 27
1/31/71
7-3/4# Note
7-3A% Note
l,00ll ,
_
_
-
Description of new
securities offered
(See also Table PDO-4)
8/15/70
8/31/70
9/23/70
9/30/70
10/1/70
10/31/70
_
-
_
-
_
4,129
6,453
5,405p
7,675
1J201YTT
501
1,758 y
1,0051 3/
V 72J
5p
f 1,85oA
7,0l8p
Vl,^12pJ
767p
7-3/4#
7-3/4#
*3,141p
l,053p 6/ 2,264p
Note C-1974
Note B-1977
of Note C-1974
of Note B-1977
657p
4,507p of 7-1/4# Note D-1974
2,511p of 7-1/2# Note C-1976
j *
500
113
1,003\ 3/
502
500J 1'
500
359p
5-7/8* Note
6-1/4* Note
-
575p
5-7/8* Note
6-1/4* Note
-
315p\
634pj
5-7/8* Note
6-1/4* Note
-
1,734
331pl
441p/
5-7/8* Note
6-1/4* Note
10,743
10,743
2,427pt
2,480pJ
5-7/8* Note
6-1/4* Note
5/15/62
2,760
2,760
89^pl
785p/
5-7/8* Note
6-1/4* Note
2/15/72-A
2/15/67
2,006
2,006
599pI
608
pi
'
5-7/8* Note
6-1/4* Note
-
2/15/72-C
8/17/70
3,375
3,375
388pl
3035/
5-7/8* Note
6-1/4* Note
_
_
-
-
2/15/72
11/15/62
2,344
2,344
635p1
730p/
5-7/8* Note
6-1/4* Note
-
29,614
29,614
_
_
_
_
_
-
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
2/15/71
4*
Total.,
6.932# Bill
7.353# Bill
-
2/28/71
2/28/71
2/28/70
2/28/70
3/15/71
2-1/2# Bond
-
3/15/71
12/1/44
3/22/71
6.452# Bill
-
3/22/71
7/8/70
2,517
2,517 V
3/31/71
6.132# Bill
7.068# Bill
-
3/31/71
3/31/71
3/31/70
3/31/70
1,201
501
l,20ll 3/
501 ) 2/
4/1/71
1-1/2# Note
-
4/1/71-EA
4/1/66
35
4/22/71
6.504# Bill
3.671# Bill
-
4/22/71
4/22/71
7/23/70
3/30/71
2,261
2,001
2,261]^
2,001J-/
4/30/71
6.814# Bill
6.467# Bill
4/30/71
4/30/71
4/30/70
4/30/70
1,200
500
1,2001 /
500y j
Footnotes at end of table.
1,200
500
1,2001
500J 1/
2/28/71
271p
271p
35
(Continued on following page)
l6,
068p
93%>
_
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
7,
680p of 5-7/8# Note
8,
388p of 6-1/4# Note
July 1971
43
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Results of exDisposition offers
by Treasury
change offers
Turaed
Cash
Exchange
Ex
in for
retire security
changed
cash 2/
offered
ment
(in mi.ll ns of d >llars)
io
c
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
(5-1/4# Note
Amount
out
standing
5/15/71-A
8/15/66
10/1/69
4,265
-
8,442
4,176
-
4,176
fl,780p^
I l,860p /
8,442
4,265
5/15/71-E
-
Description of new
securities offered
(See also Table FD0-4)
625p
f 5#
-
E-1972
A-1974
( l,672pl
^l,371pJ
l,133p
f 5#
-
E-1972
A-1974
6,683p
l,758p
Note
5-3/4# Note
5/15/71
18#
Note
Total...........
Note
\ 5-3/4# Note
f 3,452p of 5# Note
\ 3,231p of 5-3/4# Note
\
f 1.211% Bill
^6.510# Bill
-
5/31/71
5 3 , 71
/1
5/31/70
5/31/70
1,200
501
6/22/71
5.970# Bill
-
6/22/71
10/21/70
2,515
2,515 y
6/30/71
f 7.079# Bill
-
6/30/71
6/30/71
6/30/70
6/30/70
1,201
501
‘IS}*
5/31/71
^6.237# Bill
-
Source: Daily Treasury statement and Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2/ Rolled over into 9-month and one-year bills (see Table PDO-4).
U Tax anticipation issue: for detail of offerings beginning July 19&9,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" below.
2/ Of this amount $909 million of the 5-5/8# notes and $6,156 million of
the 6-3/8# notes were submitted in payment for subscriptions
allotted for the 7-3/4# Treasury Notes of Series G-1971 which were
-
-
-
-
“
-
offered on a cash basis. Holders of the maturing notes were not
offered preemptive rights to exchange their holdings for the new notes.
(For detail of offerings see Table EDO-4.)
£/ Of this amount $10 million of the 6-3/8# notes and $180 million of
the 4% bonds were exchanged by Federal Reserve banks and Government
accounts for 7j# notes of Series C-1972. Other holders of the
maturing securities were not given preemptive rights to exchange
their holdings for the 7j# notes.
p Preliminary.
Note:
Information on retirement of tax anticipation issues referred to
in footnote 4 in millions of dollars:
,
Date of
retirement
3/24/69
4/22/69
6/23/69
6/23/69
6/23/69
12/22/69
3/23/70
4/22/70
4/22/70
4/22/70
6/22/70
6/22/70
9/23/70
3/22/71
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
4/22/71
Bill
6/22/71
Bill
Total
amount
retired
Securities
i1
.—
_
2,015
2,003
3,010 1
2,001 )
1,759 J
- r.
. ---- - , ~ S ~
.
.
t 763
1,752
2.007 ^
1.007 )
i,753 J
3,004 \
.1,5 J
04
1,758
2,517
2,261 \
2,001 J
2,515
Redeemed
for
taxes
Redeemed
for
cash
826
829
1,189
1,174
2,099
4,672
464
425
1,299
1,327
1,135
3,632
1,222
3,286
750
457
1,008
2,060
957
3,305
1,158
1,357
Treasury Bulletin
44
,PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars)
Amount
Month of
activity
Securities
Issue
date
Maturity
date
Interest
rate
Issued
(Percent)
Notes
Certificates of indebtedness
Aug.
7/24/69
9/10/69
9/10/69
9/15/69
9/15/69
7/24/69
9/5/69
9/10/69
9/15/69
7/24/69
7/17/69
7/24/69
9/15/69
7/17/69
7/10/69
9/15/69
7/10/69
8/13/69
10/2/69
9/5/69
7/17/69
7/24/69
9/5/69
9/15/69
9/11/69
9/15/69
9/11/69
7/17/69
9/5/69
9/10/69
9/9/69
9/11/69
9/9/69
9/9/69
9/9/69
9/9/69
9A1/69
10A0/69
10/17/69
10/10/69
9/9/69
10/23/69
10/24/69
10/24/69
10/24/69
9/9/69
10/23/69
10/10/69
10/23/69
4/13/70
3/13/70
8/21/69
9/15/69
9/15/69
9/15/69
9/15/69
10/10/69
10/17/69
10/10/69
10/24/69
10/24/69
10/24/69
10A0/69
8/1/69
8/4/69
Certificates of indebtedness
1969-July.
4/25/69
6/10/69
6/12/69
6/18/69
6/19/69
6/24/69
6/24/69
6/24/69
6/24/69
6/26/69
6/27/69
6/27/69
6/27/69
6/30/69
6/30/69
7/1/69
7/1/69
7/1/69
7/2/69
7/2/69
7/3/69
7/3/69
7/3/69
7/3/69
7/7/69
7/7/69
7/8/69
7/8/69
7/8/69
7/8/69
7/9/69
7/9/69
7/10/69
7/11/69
7/15/69
7/17/69
7/17/69
7/18/69
7/18/69
7/21/69
7/21/69
7/23/69
7/25/69
7/28/69
7/29/69
7/30/69
7/30/69
7/31/69
7/31/69
1/12/68
5/13/68
5/21/69
6/27/69
7/1/69
7/3/69
7/7/69
7/18/69
7/18/69
7/21/69
7/25/69
7/28/69
7/29/69
7/31/69
8/1/69
10A0/69
9/15/69
10A0/69
9/15/69
8/4/69
8/5/69
8/5/69
8/5/69
8/5/69
8/6/69
8/7/69
8/8/69
8/11/69
8/11/69
8/11/69
8/11/69
8A1/69
8A 2/69
8/13/69
8/14/69
8/15/69
8/18/69
8/18/69
8/19/69
8/19/69
9/15/69
9/11/69
10/10/69
9/16/69
9/16/69
9/11/69
9/16/69
10/10/69
10A7/69
10/24/69
9A2/69
9A6/69
11/12/69
11A3/69
11/13/69
9A2/69
11A4/69
9/12/69
11A4/69
11A 3/69
(Continued on following page)
Retired
Total outstanding
end of month
(In millions of dollars)
13
7
23
16
17
6.20
6.60
6.60
6.60
6.60
6.20
12
6.20
30
5
6.60
6.60
8
6.20
6.20
6.20
3
13
6.60
15
17
2
6.20
6.20
6.60
6.20
6.10
6.45
10
41
25
1
35
25
1
35
6.20
8
8
6.20
1
30
1
30
20
20
6.20
6.20
6.60
6.60
6.60
6.60
6.20
6.20
9
14
5
13
7
14
13
7
2
2
6.60
6.60
6.60
6.60
6.60
6.60
6.60
6.60
18
18
12
12
3
19
5
6
3
3
19
5
6
3
8
8
7.10
1
30
7.10
7.10
6.60
7.25
7.25
7.25
7.25
6.60
7.25
7.10
7.25
5.42
5.74
6.15
6.60
6.60
6.60
6.60
7.10
21
6
13
13
16
21
4
6
4
16
16
11
14
12
25
*
7
89
41
9
5
1
7.10
20
7.10
7.25
7.25
7.25
7.10
6.60
7.10
6.60
7.10
6.60
6.60
7.10
6.60
6.60
6.60
6.60
7.10
7.10
7.25
6.60
6.60
7.10
7.10
7.10
6.60
7.10
6.60
7.10
7.10
15
4
6
4
6
46
5
46
6
6
4
7
3
1
4
7
1
2
2
14
28
13
14
28
10
20
16
13
13
10
10
16
16
6
6
14
4
33
4
33
20
20
4
14
4
►
1,627
July 1971
4
5
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)_____________________ ____
Amount
Month of
activity
Securities
Notes
Certificates of indebtedness
1969-Sept.
Notes
Issue
date
Maturity
date
Interest
rate
8/19/69
8/19/69
8/20/69
8/20/69
8/21/69
8/22/69
8/22/69
8/22/69
8/22/69
8/22/69
8/25/69
8/25/69
8/26/69
8/26/69
5/13/68
7/18/69
7/31/69
8/11/69
8/11/69
8/11/69
8/13/69
8/14/69
8/19/69
8/20/69
8/20/69
8/22/69
8/22/69
8/25/69
8/26/69
9/2/69
9/2/69
9/2/69
9/2/69
9/2/69
9/2/69
9/3/69
9/4/69
9/5/69
9/5/69
9/9/69
9/10/69
9/11/69
9/12/69
9/12/69
9/15/69
9/15/69
9/15/69
9/16/69
9/16/69
9/17/69
9/18/69
9/19/69
9/22/69
9/22/69
9/23/69
9/24/69
9/25/69
9/25/69
9/26/69
9/26/69
9/26/69
9/26/69
9/26/69
9/26/69
9/26/69
5/13/68
5/23/68
5/24/68
9/23/69
9/24/69
7/23/69
7/30/69
7/31/69
7/31/69
816.
//9
8/4/69
8/5/69
8/11/69
8/22/69
8/25/69
8/26/69
9/2/69
9/15/69
9/15/69
9/15/69
9/16/69
9/12/69
10/7/69
11/13/69
10/10/69
11/14/69
11/14/69
9/10/69
10/10/69
10/7/69
10/10/69
11/14/69
10/24/69
9/10/69
10/24/69
3/13/70
10/17/69
10/10/69
10/10/69
10/17/69
10/24/69
11/13/69
11/13/69
11/13/69
10/10/69
11/13/69
10/10/69
11/14/69
11/14/69
9/10/69
9/5/69
9/5/69
9/10/69
10/2/69
10/7/69
10/10/69
11/14/69
11/14/69
11/14/69
12/5/69
12/9/69
12/10/69
12/11/69
12/11/69
12/12/69
10/7/69
10/10/69
12/15/69
10/2/69
10/7/69
12/15/69
10/2/69
10/2/69
10/2/69
12/15/69
12/15/69
10/2/69
10/24/69
12/10/69
10/2/69
10/10/69
10/17/69
11/13/69
12/5/69
12/10/69
12/15/69
3/13/70
9/23/69
9/24/69
12/21/70
1/18/71
10/23/69
10/23/69
10/10/69
10/23/69
10/10/69
10/10/69
10/10/69
10/24/69
10/10/69
10/24/69
10/24/69
10/10/69
10/7/69
10/10/69
10/10/69
10/7/69
(Percent)
6.60
6.45
7.10
7.10
7.10
7.10
6.60
7.10
6.45
7.10
7.10
7.25
6.60
7.25
5.74
7.10
7.10
7.10
7.10
7.25
7.10
7.10
7.10
7.10
7.10
7.10
7.10
7.10
6.60
6.20
6.20
6.60
6.45
6.45
7.10
7.10
7.10
7.10
7.05
7.20
7.20
7.20
7.20
7.20
6.45
7.10
7.20
6.45
6.45
7.20
6.45
6.45
6.45
7.20
7.20
6.45
7.25
7.20
6.45
7.10
7.10
7.10
7.05
7.20
7.20
5.74
6.375
6.30
7.85
7.80
7.25
7.25
7.10
7.25
7.10
7.10
7.10
7.25
7.10
7.25
7.25
7.10
6.45
7.10
7.10
6.45
(Continued on following page)
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
4
6
6
20
10
43
1
12
4
4
26
9
27
11
10
34
1
4
11
2
10
3
3
20
2
6
14
14
20
6
12
9
15
25
30
30
10
10
1
14
2
6
9
2
30
1
14
6
9
2
35
30
10
35
100
100
8
100
13
3
13
4
1
8
100
11
11
1
1
5
1
1
5
11
11
2
3
2
2
3
10
13
4
26
19
35
30
40
30
9
29
19
35
26
30
29
1
100
50
100
50
5
11
4
12
5
6
3
8
4
9
11
2
13
2
1
1
)
1,568
Treasury Bulletin
46
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Amount
Month of
activity
1969-Oct.
Securities
/Certificates of indebtedness
Notes
Bonds
Certificates of indebtedness
Nov.
Notes
Issue
date
Maturity
date
9/25/69
9/25/69
9/26/69
9/26/69
9/26/69
9/26/69
10/1/69
10/1/69
10/1/69
10/1/69
10/3/69
10/6/69
10/6/69
10/6/69
10/7/69
10/8/69
10/9/69
10/9/69
10/9/69
10/10/69
10/14/69
10/15/69
10/16/69
10/16/69
10/16/69
10/17/69
10/20/69
10/21/69
10/21/69
10/22/69
10/22/69
10/22/69
10/23/69
10/23/69
10/23/69
10/23/69
10/24/69
10/24/69
10/24/69
10/27/69
10/27/69
10/27/69
10/28/69
10/29/69
10/29/69
10/30/69
10/31/69
6/12/68
12/31/68
10/1/69
10/31/69
9/16/64
10/15/69
10/16/69
10/17/69
10/21/69
10/22/69
10/22/69
10/29/69
10/31/69
11/3/69
11/3/69
11/3/69
11/3/69
11/5/69
11/5/69
11/7/69
11/7/69
11/7/69
ll/l0/69
11/10/69
11/10/69
11/10/69
11/12/69
11/12/69
11/12/69
11/17/69
11/17/69
11/24/69
11/24/69
11/25/79
11/25/69
11/26/69
12/31/68
10/22/69
10/24/69
10/24/69
12/10/69
10/2/69
10/17/69
11/13/69
12/10/69
10/2/69
10/17/69
12/15/69
12/31/69
10/10/69
10/7/69
10/10/69
12/15/69
12/15/69
12/15/69
11/13/69
12/10/69
12/15/69
12/15/69
12/15/69
12/15/69
11/13/69
12/10/69
12/15/69
12/15/69
1/19/70
12/15/69
1/20/70
12/11/69
12/15/69
1/22/70
10/24/69
12/9/69
12/10/69
12/11/69
11/13/69
12/9/69
12/10/69
11/13/69
12/9/69
1/26/70
1/27/70
11/5/69
1/29/70
11/13/69
12/15/69
10/31/69
11/2/70
2/18/71
3/25/71
11/1/69
12/15/69
12/15/69
12/15/69
12/15/69
12/15/69
1/22/70
11/5/69
12/15/69
11/13/69
12/10/69
12/15/69
1/19/70
12/15/69
1/19/70
12/15/69
1/12/70
1/19/70
12/11/69
12/15/69
12/30/69
1/12/70
12/5/69
2/11/70
1/12/70
2/13/70
2/13/70
12/15/69
2/13/70
2/25/70
12/15/69
2/13/70
11/2/70
1/22/70
12/10/69
Interest
rate
(Percent)
7.25
7.20
6.45
7.10
7.10
7.20
6.45
7.10
7.20
7.10
7.10
6.45
7.10
7.20
7.20
7.20
7.10
7.20
7.20
7.20
7.20
7.20
7.10
7.20
7.20
7.20
7.05
7.20
7.00
7.20
7.20
7.00
7.25
7.20
7.20
7.20
7.10
7.20
7.20
7.10
7.20
7.00
7.05
6.50
7.05
7.L0
7.20
5.90
6.40
8.00
7.35
4.25
7.20
7.20
7.20
7.20
7.20
7.00
6.50
7.20
7.10
7.20
7.20
7.05
7.20
7.05
7.20
7.05
7.05
7.20
7.20
7.10
7.05
7.05
7.15
7.05
7.15
7.15
7.20
7.15
7.50
7.20
7.15
6.40
7.00
7.20
(Continued on following page)
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
2
26
1
13
8
220
18
14
8
14
45
11
12
10
19
3
21
28
10
14
4
21
42
47
11
12
20
140
5
8
16
18
25
3
19
4
4
55
58
200
160
10
4
4
40
9
1
13
8
220
18
14
8
14
45
11
12
10
19
3
21
21
10
14
42
11
12
5
8
16
18
25
3
4
4
55
58
125
10
100
50
125
40
16
7
3
34
26
2
8
26
30
4
22
7
5
163
20
8
18
15
3
25
9
14
30
7
4
21
47
20
100
75
4
40
7
3
66
26
8
8
30
22
7
5
163
20
8
40
19
)
1,932
J u ly
1971
47
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions o f Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Amount
Month of
activity
1969-Dec.
Securities
Certificates of indebtedness
Notes
1970-Jan.
/ Certificates of indebtedness
Issue
date
Maturity
date
10/29/69
11/3/69
11/5/69
11/7/69
11/7/69
11/10/69
11/17/69
11/24/69
11/24/69
11/25/69
11/26/69
12/1/69
12/1/69
12/1/69
12/1/69
12/1/69
12/1/69
12/2/69
12/2/69
12/2/69
12/3/69
12/4/69
12/5/69
12/8/69
12/9/69
12/10/69
12/10/69
12/10/69
12/12/69
12/15/69
12/15/69
12/15/69
12/16/69
12/19/69
12/24/69
12/24/69
12/26/69
12/26/69
12/26/69
12/29/69
12/29/69
12/29/69
12/29/69
12/29/69
12/29/69
12/29/69
12/30/69
12/30/69
12/31/69
12/31/68
10/29/69
12/10/69
12/26/69
12/29/69
12/29/69
12/29/69
12/30/69
12/30/69
12/31/69
1/2/70
1/5/70
1/5/70
1/7/70
1/7/70
1/8/70
1/9/70
1/12/70
1/12/70
1/13/70
1/13/70
1/14/70
1/14/70
1/15/70
1/16/70
1/19/70
1/20/70
1/21/70
1/21/70
1/21/70
1/21/70
1/23/70
1/26/70
1/26/70
1/27/70
1/29/70
1/29/70
12/10/69
12/15/69
12/15/69
1/19/70
12/15/69
2/13/70
12/15/69
2/13/70
12/15/69
2/13/70
12/5/69
12/15/69
1/12/70
1/19/70
2/13/70
3/2/70
12/5/69
1/26/70
3/3/70
3/4/70
3/4/70
3/5/70
3/4/70
3/4/70
V12/70
3/4/70
3/10/70
3/12/70
1/12/70
1/26/70
3/16/70
1/26/70
3/16/70
3/16/70
3/24/70
3/5/70
3/10/70
3/16/70
2/13/70
3/3/70
3/4/70
3/5/70
3/12/70
3/16/70
3/30/70
2/13/70
3/31/70
2/13/70
11/2/70
1/29/70
3/10/70
3/5/70
2/13/70
3/5/70
3/16/70
2/13/70
3/31/70
2/13/70
3/31/70
1/19/70
2/13/70
1/19/70
3/31/70
4/8/70
4/8/70
4/8/70
4/13/70
3/31/70
4/8/70
3/31/70
4/8/70
3/31/70
4/16/70
3/31/70
3/31/70
3/16/70
3/31/70
4/8/70
4/13/70
3/16/70
3/16/70
4/8/70
4/8/70
4/29/70
Interest
rate
Issued
(Percent)
7.05
7.20 '
7.20
7.20
7.05
7.20
7.15
7.20
7.15
7.20
7.15
7.05
7.20
7.05
7.05
7.15
7.50
7.05
7.00
7.45
7.45
7.45
7.45
7.45
7.45
7.05
7.45
7.70
7.70
7.05
7.00
7.70
7.70
7.70
7.70
7.80
7.45
7.70
7.70
7.15
7.45
7.45
7.45
7.70
7.70
14
15
35
12
Retired
Total outstanding
end of month
(in millions of dollars)
30
16
18
2
18
4
18
15
3
9
14
14
15
35
12
5
15
5
16
16
25
14
25
14
6
6
5
30
17
5
30
17
10
10
1
1
6
6
10
35
4
2
16
91
>
1,765
4
2
16
91
11
11
7
54
15
28
7
54
10
26
26
7
7
75
7
75
2
28
22
7.80
165
7.15
10
8.10
42
7.15
6.40
7.05
7.70
7.45
7.15
7.45
7.70
7.15
28
5
165
8
130
19
28
7
2
17
10
8.10
42
7.15
8.10
7.05
7.15
7.05
8.10
8.00
8.00
8.00
8.00
8.10
8.00
8.10
8.00
8.10
5.424
8.10
8.10
7.70
8.10
8.00
8.00
7.70
7.70
8.00
8.00
7.90
(Continued on following page)
8
30
5
15
5
18
271
42
3
35
17
3
29
34
4
250
19
3
18
9
49
35
23
159
46
6
130
30
5
15
5
18
42
3
35
17
3
18
34
18
49
23
159
1
2,285
Treasury Bulletin
48
PUBLIC DBBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Month of
activity
Issue
date
Securities
Notes
9/9/68
9/10/68
9/26/68
1/15/70
1/30/70
11/25/69
l/lV70
1/26/70
1/27/70
2/2/70
2/2/10
2/2/10
2/2/10
2/3/10
2/3/70
2/4/70
2/4/70
2/6/70
2/6/70
2/6/70
2/6/70
Certificates of indebtedness
1970-Feb.
/ 13/70
2/ 18/70
2/ 19/70
2/ 19/70
2/ 19/70
2/ 25/70
Notes
2/26/70
12/31/68
12/1/69
12/10/69
12/24/69
12/26/69
1/15/70
1/19/70
1/20/70
1/21/70
1/21/70
2/2/10
2/2/70
2/3/70
2/4/70
2/6/70
2/26/70
Certificates of indebtedness
3/2/10
3/2/10
3/2/70
3/3/70
Mar.
3/4/70
3/5/70
3/6/70
3/6/70
3/12/70
3/16/70
3/23/70
3/24/70
Notes
Certificates of indebtedness
V 3/31/10
5/13/68
3/2/70
{
3/ 26/70
3/31/70
1/8/70
1/16/70
1/21/70
1/29/70
2/2/70
2/2/70
3/16/70
3/31/70
i/6/10
Apr.
Notes
4/16/70
4/28/70
4/29/70
12/16/68
12/20/68
, 12/23/68
S 12/ 31/68
I 4/9/70
I 4/30/70
T
Maturity
date
1/15/70
1/15/70
1/30/70
4/22/71
5/20/71
2/25/70
3/31/70
4/8/70
3/10/70
3/31/70
4/20/70
4/27/70
3/31/70
5/4/70
3/16/70
3/31/70
3/16/70
3/31/70
5/6/70
5/11/70
3/16/70
3/16/70
3/16/70
3/12/70
3/16/70
5/19/70
5/25/70
5/26/70
11/2/70
3/2/70
3/10/70
3/24/70
3/10/70
3/31/70
3/31/70
3/31/70
3/31/70
4/13/70
3/10/70
3/31/70
3/31/70
3/31/70
3/31/70
5/26/70
3/16/70
3/31/70
6/2/70
3/16/70
3/16/70
3/16/70
3/12/70
3/16/70
6/11/70
6/15/70
6/23/70
6/24/70
6/30/70
3/13/70
6/17/71
7/22/71
7/29/71
4/8/70
4/16/70
4/13/70
4/29/70
4/20/70
4/27/70
6/15/70
6/30/70
7/8/70
7/16/70
7/28/70
7/29/70
4/30/70
4/30/70
4/30/70
11/2/70
8/26/71
9/23/71
Interest
rate
(Percent)
5.30
5.34
5.30
7.95
8.10
7.50
8.10
8.00
8.00
7.70
8.10
7.85
7.80
8.10
7.75
7.70
8.10
7.70
8.10
7.75
7.35
7.70
7.70
7.70
7.70
7.70
6.80
6.85
6.85
6.40
7.50
7.70
7.80
7.70
8.10
8.10
8.10
8.10
8.00
7.70
8.10
8.10
8.10
8.10
6.85
7.70
8.10
6.85
7.70
, 7.70
7.70
7.70
7.70
6.90
6.90
6.85
6.30
6.35
5.74
7.125
6.70
6.79
8.00
5.424
8.00
7.90
7*85
7.80
6.90
6.35
6.40
5.424
6.90
6.90
5.93
6.02
6.21
6.40
6.84
7.46
(Continued on following page)
Amount
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
100
50
100
150
100
25
11
45
6
19
17
30
30
36
12
51
14
84
7
200
18
19
14
30
30
162
150
25
200
13
11
15
51
84
200
19
14
30
30
162
150
15
6
15
10
4
19
3
9
20
19
17
36
14
7
100
13
11
62
62
70
9
30
46
30
200
20
15
45
70
9
30
46
30
20
100
14
100
100
271
250
15
130
30
30
180
45
271
/
250
10
70
75
75
50
3
100
200
2,620
J u ly
1971
49
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Amount
Month of
activity
Issue
date
Securities
Certificates of indebtedness
1970-May.
Notes
Certificates of indebtedness
June.
Notes
2/3/70
2/10/70
2/25/70
2/26/70
3/2/70
3/23/70
3/24/70
4/28/70
4/29/70
5/4/70
5/5/70
5/11/70
f 12/21/68
5/15/70
5/15/70
6/11/70
6/15/70
6/24/70
6/26/70
6/26/70
6/30/70
12/23/65
12/31/68
6/4/70
6/11/70
6/18/70
6/25/70
4/8/70
4/16/70
6/24/70
6/26/70
6/26/70
7/6/70
7/7/70
7/8/70
7/15/70
7/16/70
7/22/70
7/24/70
7/27/70
7/27/70
7/28/70
7/29/70
12/31/68
8/5/70
8/10/70
8/17/70
8/24/70
8/25/70
5/1/69
8/3/70
8/3/70
6/15/70
6/30/70
7/6/70
7/27/70
9/15/70
9/16/70
9/22/70
9/23/70
9/28/70
9/30/70
9/30/70
7/6/70
I
Certificates of indebtedness
July.
Notes
[Certificates of indebtedness
Aug.
Notes
Sept.
Certificates of indebtedness
1/1/10
Certificates of indebtedness
Oct.
7/8/70
7/16/70
7/22/70
7/24/70
7/27/70
7/28/70
7/29/70
9/30/70
10/1/70
10/7/70
10/8/70
10/16/70
10/21/70
10/22/70
10/23/70
10/26/70
10/27/70
10/28/70
10/28/70
10/29/70
Maturity
date
Interest
rate
5/4/70
5/11/70
5/25/70
5/26/70
6/2/70
6/23/70
6/24/70
7/28/70
7/29/70
8/4/70
8/5/70
8/11/70
11/2/70
5/27/71
6/24/71
9/11/70
9/15/70
9/24/70
7/23/70
9/11/70
9/30/70
6/23/70
12/2/70
8/26/71
10/28/71
10/28/71
11/18/71
7/8/70
7/16/70
9/24/70
7/23/70
9/11/70
10/6/70
10/7/70
10/8/70
10/14/70
10/16/70
10/22/70
10/23/70
10/27/70
10/27/70
10/28/70
10/29/70
11/2/70
11/5/70
n/lO/70
11/17/70
11/24/70
11/25/70
8/3/70
12/23/71
1/20/72
9/15/70
9/30/70
10/6/70
10/27/70
12/15/70
12/16/70
12/22/70
12/23/70
12/28/70
12/30/70
12/30/70
10/6/70
10/7/70
10/8/70
10/16/70
10/22/70
10/23/70
10/27/70
10/28/70
10/29/70
12/30/70
12/31/70
1/7/71
1/8/71
1/15/71
1/21/71
1/22/71
1/22/71
1/26/71
1/27/71
1/28/71
1/28/71
1/29/71
(Percent)
7.75
7.35
6.85
6.85
6.85
6.85
6.30
6.90
6.90
6.90
7.20
7.20
6.40
7.60
7.60
6.80
6.80
6.65
6.50
6.80
6.45
4.66
6.40
7.55
7.65
7.65
7.63
6.40
5.424
6.65
6.50
6.80
6.45
6.65
6.65
6.55
5.424
6.40
6.40
6.40
6.40
6.35
6.35
6.40
6.45
6.45
6.55
6.55
6.20
6.25
7.25
7.25
6.80
6.45
6.45
6.40
6.35
6.35
5.95
5.95
5.95
5.80
5.80
6.45
6.65
6.65
5.424
6.40
6.
40
6.40
6.35
6.35
5.80
5.80
6.05
6.05
5.424
5.95
5.95
5.95
5*95
5.85
5.85
5.85
5.85
(Continued on following page)
Issued
12
15
18
100
100
50
150
100
70
100
20
Retired
Total outstanding
end of month
(In millions of dollars)
12
18
25
100
15
20
15
10
>
2,534
70
12
15
18
50
►
3,389
85
*
100
100
100
200
271
250
100
70
100
.450
10
271
100
250
20
30
45
215
15
10
100
10
50
35
60
10
4,076
300
200
100
150
20
250
215
28
8
15
10
50
20
400
200
10
271
250
20
30
45
15
10
275
100
10
271
250
30
20
30
30
45
15
40
10
3,755
Treasury Bulletin
50
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Amount
Month of
activity
Securities
Notes
Bonds
Certificates of indebtedness
1970^Nov.
Notes
{
Certificates of indebtedness
Dec.
Notes
I
Certificates of indebtedness
1971-Jan.
Notes
Feb.
Certificates of indebtedness
Maturity
date
Issue
date
{
12/31/63
10/28/70
9/16/64
8/5/70
8/10/70
8/17/70
8/24/70
8/25/70
9/30/70
11/5/70
11/10/70
11/10/70
11/17/70
11/23/70
11/23/70
11/24/70
II/24/7 O
11/25/70
11/25/70
11/27/70
11/30/70
12/31/68
n/2/70
9/15/70
9/16/70
9/22/70
9/23/70
9/28/70
9/30/70
10/1/70
10/7/70
10/22/70
10/28/70
10/29/70
11/5/70
11/24/70
11/25/70
11/25/70
12/9/70
12/15/70
12/16/70
12/22/70
12/23/70
12/28/70
12/31/70
9/23/69
11/2/70
12/21/70
10/8/70
10/16/70
10/21/70
10/23/70
10/26/70
10/27/70
10/28/70
11/10/70
11/10/70
11/17/70
11/24/70
11/27/70
12/15/70
12/16/70
12/22/70
12/23/70
12/28/70
1/8/71
1/15/71
1/19/71
1/21/71
1/25/71
1/26/71
1/27/71
1/28/71
9/24/69
1/18/71
11/10/70
11/23/70
11/23/70
11/27/70
2/3/71
2/10/71
2/16/71
2/23/71
2/23/71
11/2/70
1/20/72
11/1/70
11/5/70
11/10/70
11/17/70
11/24/70
11/25/70
12/30/70
2/5/71
2/10/71
2/ O /
I . 7I
2/17/71
2/23/71
2/23/71
2/24/71
2/24/71
2/25/71
2/25/71
2/26/71
3/1/71
11/2/70
2/2/72
12/15/70
12/16/70
12/22/70
12/23/70
12/28/70
12/30/70
12/31/70
1/7/71
1/22/71
1/28/71
1/29/71
2/5/71
2/24/71
2/25/71
2/25/71
3/9/71
3/15/71
3/16/71
3/22/71
3/23/71
3/29/71
3/31/71
12/21/70
2/2/72
2/24/72
1/8/71
l/l5/71
1/21/71
1/22/71
1/26/71
1/27/71
1/28/71
2/10/71
2/10/71
2/17/71
2/24/71
2/26/71
3/15/71
3/16/71
3/22/71
3/23/71
3/29/71
4/8/71
4/15/71
4/19/71
42/.
/171
4/26/71
4/26/71
4/27/71
4/28/71
1/18/71
2/24/72
2/10/71
2/23/71
2/23/71
2/26/71
5/3/71
5/10/71
3/16/71
5/24/71
5/24/71
Interest
rate
(Percent)
6.40
6.60
4.25
6.45
6.45
6.55
6.55
6.20
5.80
5.65
5.45
5.45
5.30
5.30
5.30
4.80
4.80
4.80
4.80
4.80
4.80
6.40
6.50
6.35
6.35
5.95
5.95
5.95
5.80
5.80
6.05
5.95
5.85
5.85
5.65
4.80
4.80
4.80
4.90
4.80
4.80
4.75
4.75
4.75
4.85
7.85
6.50
5.15
6.05
5.424
5.95
5.95
5.95
5.85
5.85
5.45
5.45
5.30
4.80
4.80
4.80
4.80
4.75
4.75
4.75
4.95
5.424
4.25
4.25
4.25
4.20
4.20
4.20
7.80
4.75
5.45
5.30
5.30
4.80
4.15
3.85
3.54
3.50
3.50
(Continued on following page)
Issued
Retired
|Total outstanding
Iend of month
( j millions of dollars)
]n
1
90
10
50
25
35
40
300
60
125
1'
0
100
300
120
28
30
28
8
15
10
50
100
30
10
50
35
60
10
125
4,637
28
3
28
8
15
10
50
20
100
10
20
15
10
10
125
100
10
4,331
15
100
1
100
271
250
30
30
30
45
40
10
50
35
60
200
12
8
15
10
5
271
250
55
30
70
30
20
40
3,926
30
40
50
50
15
40
300
100
75
60
250
40
300
4,331
July 1971
51
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Amount
Month of
activity
Issue
date
Securities
-Maturity
date
Ioe
fts
Certificates of indebtedness
1971-Mar.
Notes
Certificates of indebtedness
Apr.
Notes
Certificates of indebtedness
May.
Notes
{
5/24/71
5/26/71
2/18/71
4/27/72
3/1/71
3/9/71
3/29/71
3/31/71
4/26/71
3/16/71
6/1/71
6/1/71
6/1/71
6/9/71
6/10/71
6/22/71
6/30/71
3/25/71
4/27/72
4/8/71
4/15/71
4/19/71
4/26/71
4/27/71
7/7/71
7/7/71
7/7/71
7/7/71
7/8/71
7/15/71
7/19/71
7/26/71
7/27/71
4/22/71
5/25/72
5/3/71
I
2/24/71
2/26/71
10/1/69
2/18/71
11/30/70
12/9/70
12/28/70
12/31/70
1/26/71
2/16/71
3/1/71
3/1/71
3/1/71
3/9/71
3/10/71
3/22/71
3/31/71
10/31/69
3/25/71
1/8/71
1/15/71
1/19/71
1/25/71
1/27/71
4/7/71
4/7/71
4/7/71
4/7/71
4/8/71
4/15/71
4/19/71
4/26/71
4/27/71
1/15/70
4/22/71
2/3/71
2/10/71
2/23/71
2/23/71
2/24/71
2/26/71
3/1/71
3/31/71
4/7/71
4/7/71
June.
(Percent)
3.50
8/3/71
8/4/71
5/4/71
5/7/71
5/7/71
5/7/71
5/7/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/13/71
5/14/71
5/19/71
5/24/71
5/24/71
5/26/71
5/26/71
1/30/70
5/15/70
5/20/71
5/27/71
3/1/71
Certificates of indebtedness
Interest
rate
3/1/71
3/9/71
3/10/71
3/22/71
4/7/71
4/19/71
4/26/71
5/4/71
5/7/71
5/10/71
5/10/71
5/13/71
5/24/71
6/1/71
6/9/71
6/10/71
6/28/71
5/3/71
5/10/71
5/24/71
5/24/71
5/24/71
5/26/71
6/1/71
6/30/71
7/7/71
7/7/71
8/6/71
8/6/71
8/6/71
8/6/71
8/10/71
8/10/71
8/10/71
8/10/71
8A0/71
8/13/71
8/13/71
8/19/71
8/24/71
8/24/71
8/26/71
8/26/71
5/20/71
5/27/71
6/22/72
6/22/72
6/1/71
6/1/71
6/9/71
6/10/71
6/22/71
7/7/71
7/19/71
7/26/71
8/4/71
8/6/71
8/10/71
8/10/71
8/13/71
8/24/71
9/1/71
6/24/71
9/10/71
9/28/71
(Continued on following page)
Issued
Retired
Total outstanding
end of month
(In millions vf dollars)
.
3..50
35
100
3.00
3.90
4.80
50
50
4.90
4.75
4.85
4.20
3.54
3.50
3.50
3.50
3.30
3.30
3.30
3.55
7.35
3.65
4.95
5.424
4.25
4.25
4.20
3.70
3.70
3.70
3.70
3.70
5.424
4.05
3.80
3.90
7.95
4.40
4.15
3.85
3.50
3.50
3.50
3.50
3.50
3.55
3.70
3.70
.90
.90
.90
.90
.90
.90
.90
.90
.90
3.90
3.90
3.90
3.90
4.35
4.35
4.35
4.50
4.50
8.10
7.60
5.35
5.10
3.50
3.50
3.30
3.30
3.30
3.70
4.05
3.80
3.90
3.90
3.90
3.90
3.90
4.35
4.35
4.55
4.55
4.95
150
140
280
30
35
200
130
120
30
45
.
100
30
250
150
>
4,571
125
125
250
55
70
20
30
40
200
20
5.
271
250
55
70
20
5,056
150
150
75
60
40
300
3
5
100
30
130
165
40
75
200
80
100
1,010
100
80
1,000
575
60
110
235
250
7,831
180
150
*§
3
5
300
30
100
100
100
100
ICO
110
280
30
3
5
200
250
55
65
50
950
1,000
315
100
160
280
30
35
60
30
7,606
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Month of
activity
Securities
Issue
date
f 3/2/70
5/15/71
6/17/71
Notes
Source:
Bureau of the Public Debt.
* Less than $500,000.
6/24/71
< 6/25/71
6/25/71
6/25/71
6/25/71
6/25/71
Maturity
date
6/17/71
6/24/71
7/20/72
7/20/72
6/26/72
6/25/73
6/25/74
6/25/75
6/25/76
Interest
rate
(ecn!
Pret)
7.125
7.60
5.85
5.85
5.95
6.20
6.45
6.55
6.65
Amount
Issued
_
-
100
100
600
600
600
600
600
Total outstanding
end of month
(In millions of dollars)
100
100
Retired
-
-
J
J u ly
53
1971
.PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
activity
Certificates of indebtedness
1969-July.
Notes
1 Notes
Certificates of indebtedness
Oct.
Certificates of indebtedness
1970-Jan.
Notes
Feb..
Certificates of indebtedness
Mar..
Notes
Certificates of indebtedness
Apr..
Notes
May..
Notes
June.
Notes
Certificates of indebtedness
July.
Notes
Aug..
Certificates of indebtedness
Sept.
Notes
Oct..
Notes
Certificates of indebtedness
1971-Jan..
{
Notes
(Percent)
5.00
6.20
7.00
7.50
5.58
6/12/68
7/3/69
7/16/69
2/6/69
8/6/69
7/17/69
8/18/69
12/16/68
12/12/69
10/5/70
10/16/70
5.90
7.70
7.55
8/6/69
2/6/70
8/18/69
11/18/69
5.125
7.45
7.00
7.10
6/18/73
9/29/69
1/29/71
Ip/7/69
4/7/70
5.77
6.16
7.85
6.25
7.73
2/24/69
8/18/69
12/2/68
1/2/69
3/3/69
4/1/69
11/18/69
7/24/69
1/23/70
8/24/70
11/8/69
6.33
7.10
25
30
12/2/70
1/4/71
9/3/70
10/1/70
2/18/71
1/23/70
7/23/70
5.65
6.37
6.44
6.25
7.60
7.50
8.08
50
50
50
50
10/2/67
1/5/68
7/30/68
8/19/68
9/30/68
10/2/68
1/16/69
U/2/69
8/19/69
10/2/69
1/30/70
4/3/72
7/5/72
1/30/70
2/19/73
1/30/70
4/2/73
7/2/73
10/2/73
2/19/73
10/2/73
6/1/71
2/6/7°
8/6/70
1/3/72
10/2/72
12/22/72
4/7/70
5.38
5.46
5.40
5.20
5.30
5.25
6.125
6.23
3.05
4.43
8.10
135
134
26
7.45
8.125
5.28
5.73
6.25
50
10
10
10
francs
francs
francs
francs
Austrian
schillings
Swiss francs
^Notes
Certificates of indebtedness
Notes
7/24/69
7/36/69
8/18/69
1/23/70
7/3/69
Swiss
Swiss
Swiss
Swiss
Notes
Nov.
Amount
(Dollar equivalent)
1/24/69
4/16/69
7/17/69
7/24/69
V3/68
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Italian lire
Certificates of indebtedness
Sept.
Interest
rate
Issue
date
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Austrian
schillings
Swiss francs
Swiss francs
Securities
Aug.
Maturity
date
Payable
in —
German marks
German marks
German
German marks
.
Swiss francs
Swiss francs
Swiss francs
German marks
German marks
Italian lire
German marks
Swiss francs
German marks
German marks
German marks
German marks
German marks
Swiss francs
Swiss francs
Swiss francs
German marks
German marks
German marks
v
Swiss francs
Swiss
Swiss
'Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
,Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
Swiss
Swiss
Swiss
Swiss
Swiss
.Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
5/27/68
9/29/69
4/7/69
10/7/69
8/6/69
2/6/70
7/3/67
4/1/68
6/24/68
10/7/69
1/6/69
4/6/70
2/6/69
2/17/69
5/6/70
5/19/70
3/11/69
6/11/70
1/23/70
7/23/70
4/9/69
4/29/70
7/9/70
7/29/70
2/6/70
8/6/70
6/9/69
9/9/70
7/3/69
7/16/69
10/5/70
10/16/70
7/23/70
1/22/71
9/9/69
1/29/71
4/6/70
7/6/71
5/6/70
5/19/70
8/6/71
8/19/71
6/11/70
9/13/71
7/23/70
1/22/71
7/9/70
7/29/70
10/8/71
10/29/71
8/6/70
2/5/71
9/9/70
12/9/71
10/5/70
10/16/70
1/5/72
1/17/72
1/22/71
7/22/71
1/29/71
5/30/72
(Continued on following page)
7.73
6.15
6.75
6.40
6.35
7.70
7.73
6.375
7.60
8.08
6.75
6.20
6.20
7.30
7.23
8.125
6.75
6.89
6.90
7.70
7.55
6.70
6.55
6.75
4.40
7.85
4.40
Issued
Retired
Total outstanding
end of month
(in millions of dollars)
153
133
30
100
2,320
22
25
22
134
50
50
►
30
2,220
30
100
30
2,220
30
54
55
2,195
1,996
30
100
100
125
125
125
124
26
126
125
124
1,390
50
1,390
112
,(0
55
52
1,366
52
26
28
25
28
1,366
23
1,366
23
100
100
1,366
30
39
30
10
*
50
1,366
50
101
1,366
101
22
134
22
133
}
1.366
100
100
30
30
}
1.366
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS.
Table PDO-9, - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Month of
activity
Payable
in —
Securities
r
J
francs
francs
francs
francs
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
j
< Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
! Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
3/10/71
1/22/71
2/5/71
3/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5. I /71
/O
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
1/30/70
V6/70
5/6/70
5/19/70
6/11/70
7/9/70
7/29/70
9/9/70
10/5/7C
10/16/70
1/29/71
2/18/71
5/10/71
5/10/71
5/10/71
6/1/71
Notes
Certificates of indebtedness
f
Certificates of indebtedness
<
J
j
j
f
1
1
1
!
j
!
i
:
|
i
i
1
I
|
June. . .
.
r
b
May.. .
.. .
f
\
!
Notes
j
\
1
I
i^
*
Certificates of indebtedness
Notes
Source* Bureau of the Public Debt.
j
j
8/6/70
2/5/71
11/18/69
2/18/71
Certificates of indebtedness
I
Swiss
Swiss
t Swiss
Swiss
1971-Feb,..
...
Mar......
Issue
date
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Maturity
date
2/5/71
8/5/71
2/18/71
5/18/72
9/10/71
7/22/71
8/5/71
9/50/71
9/10/71
6/1/71
7/6/71
7/22/71
8/5/71
8/6/71
8/19/71
9/13/71
10/8/71
10/29/71
12/9/71
1/5/72
1/17/72
1
1
j
'
j
6/1/71
7/6/71
8/6/71
8/19/71
9/13/71
10/8/71
10/29/71
12/9/71
1/5/72
1/17/72
5/30/72
5/18/72
5/18/72
5/30/72
6/1/71
9/1/72
Interest
rate
(Percent)
6.75
1^.26
7.60
3.90
3.35
U>26
3.35
3.35
8.10
6.75
I. *
f 10
4.26
7.70
7.73
7.60
7.30
7.23
6.90
6.7C
6.55
8.10
6.75
7.70
7.73
7.60
7.30
7.23
6.90
6.70
6.55
k.Uo
3.90
3.90
iio
.f
8.10
5.15
Amount
(Dollar equivalent)
Issued
_
50
30
250
263
27
55
105
53
27
29
2*
1
32
te
106
2^
1U0
32
32
-
27
Retired
Total outstanding
end of month
n
C[ millions of dollars)
50
"
1
>
1,366
30
J
100
50
250
26
52
26
28
23
30
10
*
101
22
133
30
30
1,616
V
l)OW
1
1 AA/
1,004
-
27
J u ly
1971
55
.UNITED STATES SAVINGS BONDS
interest yields, maturities, and other terms appear in the
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May 1, 1941?
and Series H has been on sale since June 1, 1952.
Treasuiy Bulletins of April 1951, May 1952, May 1957, October
Series
and December 1959, and May and October 1961; the Annual Report
A-D were sold from March 1, .1935? through April 30, 1941.
of the Secretary of the Treasury fiscal year
Series F and G were sold from May 1, 1941? through April
and
30, 1952.
1966 (pages
Treasury Bulletin of -June 1968 c
Series J and K were sold from May 1, 1952, through
April 30> 1957.
258),
197
and fiscal year 1967 (pages 179 and 181); and the
Details of the principal changes in issues,
Table SB-1. - Sales and Redemptions by Series, Cumulative through June 30, 1971
{ millions of dollars)
In
Amount outstanding
Series
Sales plus
accrued
discount
Accrued
discount
Sales 1/
Redemptions 1/
Matured
noninterestbearing debt
interest
bearing debt
5
Series A-D 2/..,....... .
Series E and H..............
Series F and G... .......
Series j and K... ..........
.,4
399
1.,9
5357
28,396
3,556
1.054
32,467
1,125
148
5,003
136,064
29,
521
V;
54
4,998
133,062
.942
2,9
3,742
53,003
-
28
12
Total A-K........... ......
189,497
34,344
224,342
171,293
53,003
46
.
J
- .......
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 1/
Fiscal years:
1935-61........1
1962..........
1963..........
1964..........
1965.......... .
1966......... .
1967..........
1968..........
1969........ ..
.
1970..........
1971..........
1935-61........
1962......... .
1963..........
1964..........
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
Jjnys
joji:
1970-June......
July......
Aug...... .
Sept......
Oct.......
Nov.......
142,924
4,421
4,518
4,656
4,543
4,650
4/965
4,739
4,550
4 449
;
5,082
18,485
1,358
1,408
1,476
1,517
..5
.54
±,626
1,735
1,789
:;4
.31
2,056
145,068
4,278
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
Period
19,154
1,397
1,423
1.508
1,527
1.591
1.086
l/'59
1,832
1,909
446
393
388
351
407
373
384
430
431
513
463
462
486
134
183
160
157
151
156
190
192
1
71
177
184
16
.5
170
Sales plus
accrued
discount
•
Accrued
discount
'
'
!
i
1971-Jan.......
Feb....,...
Mar.......
Apr,
May.......
June......
Footnotes at end of Table SB-4.
j
!
161,407
5,780
5,926
6.132
6,060
6,204
6,592
6,473
6,338
6,291
TM38
164,221
5,675
6,183
6,117
6.013
6,451
b ,8 .
54
6,455
6,224
6.574
!
1
580
576
548
508
558
529
^74
621
602
690
647
627
656
|
!
1
Amount Outstanding
Total
Sales
price 2/
Accrued
discount 2J
interestbearing debt
Matured
aoninterestbearing debt
113,654
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5.425
103,983
4,934
4,482
4,383
4,488
4,792
*,971
4,978
5,237
5*508
4,342
9,671
782
791
781
858
932
951
1,003
1,102
1*240
2,083
47,514
47,607
48,314
49,299
50,043
50,537
51,213
51,712
51 711
5l 281
!
53,003
240
211
157
139
110
95
88
82
82
5
5
46
116,428
5,602
5,021
5,252
S441
6,000
5,793
6,133
6t3
,>9
6,295
106,380
4,792
4,259
4,445
4,552
5.043
’*,842
-,9
*04
5,457
5,072
10,049
810
762
807
957
951
A,040
1,182
1,223
47,458
47 35
,5 *
48,827
49,734
50,324
50,752
51,581
51,917
51,549
51,842
486
448
382
377
349
303
.4
^3
422
.4
33
378
345
302
351
121
110
93
92
86
71
83
114
85
92
87
78
91
51,281
51,300
51,375
51,414
51,537
51,693
51,842
51,928
52.104
52,324
52,541
52,788
53,003
607
558
475
469
436
373
426
*36
428
470
'3
42
380
442
‘
i
:
'
;
35
3
331
201
158
141
164
126
112
64
50
55
54
52
52
51
5
1
50
49
49
!
in
47
46
Treasury Bulletin
56
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions j/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price 2/
Total
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
noninterestbearing debt
Series £ and H combined
Fisca
l-.years;
1941-61.........
1962...........
1963...........
1964...........
1965......... .
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
Calendar yearsr
1941-61.........
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
1968...........
1969....;........
1970...........
Months;
1970-June........
July.......
Aug........
107,024
4,421
4,518
4,656
4,543
4,650
4,965
4,739
4,550
4*449
5,082
16,214
1,331
1,386
1,458
1,502
1,542
1,619
1,731
1,788
1,841
2,056
123,236
5,753
5,904
6,114
6,045
6,192
6,584
6,470
6,337
6,291
7,138
79,431
4,603
4,500
4,736
4,987
5,305
5,449
5,715
6,198
6,721
5,416
71,746
3,873
3,759
3,982
4,154
4,408
4,536
4,739
5,112
5,484
4,334
7,685
731
742
754
833
897
913
976
1,086
1,237
1,082
43,806
44,955
46,359
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
109,168
4,278
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
16,869
1,372
1,404
1,491
1,514
1,580
1,680
1,757
1,832
1,909
126,037
5,650
6,164
6,101
6,000
6,440
6,578
6,452
6,224
6,574
81,551
4,636
4,557
4,841
5,117
5,477
5,439
5,915
6,565
6,281
73,539
3,882
3,823
4,061
4,254
4,561
4,519
4,898
5,391
5,060
8,012
754
733
780
863
916
919
1,017
1,173
1,221
44,485
45,499
47,106
48,366
49,249
50,212
51,352
51,890
51,549
51,842
_
446
393
388
351
407
373
384
430
431
513
463
462
486
134
183
160
157
151
156
190
192
171
177
184
165
170
580
576
548
508
558
529
574
621
602
690
647
627
656
606
557
474
469
435
372
425
535
427
470
431
380
442
485
447
381
377
349
302
342
421
342
378
344
301
350
121
110
93
92
86
71
83
114
85
92
87
78
91
51,281
51,300
51,375
51,414
51,537
51,693
51,842
51,928
52,104
52,324
52,541
52,788
53,003
.
-
28,192
1,059
722
400
333
384
434
239
124
24
7
1,045
51
49
27
24
35
38
27
16
3
1
3,709
2,652
1,955
1,563
1,248
856
397
140
222
196
144
127
99
86
80
75
76
49
41
28,818
909
434
383
297
481
322
195
65
11
1,074
55
28
27
26
40
32
23
9
2
2,973
2,036
1,721
1,368
1,075
540
229
27
318
316
188
147
131
155
118
105
58
44
1
1
1
■
*
*
*
*
*
•
*
*
Oct........
Nov..........
Dec........
1971-Jan........
Feb........
Mar........
Apr........
May........
June.......
-
-
-
-
_
.
_
_
_
.
_
-
-
_
.
_
_
-
S r L s F, G J, and K combined y
e:e
,
Fiscal years:
1941-61.........
1962...........
1963............
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........*
1971...........
Calendar years:
1941-61.........
1962...........
1963...........
1964..... ......
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
31,951
_
_
_
31,951
Months:
1970-June.....
July........
Aug........ .
Sept........
Oct........
Nov....... .
Dec........
1971-Jan....
Feb........
Mar........
Apr........
May........
June.......
Footnotes at end of Table SB-4.
1,217
27
22
18
15
12
8
4
1
_
33,168
27
22
18
15
12
8
4
1
_
1,230
25
19
16
14
10
6
2
*
33,182
25
19
16
14
10
6
2
*
_
_
_
_
_
”
' 11
j
29,237 5/6/2
J
1,110 zJ,
, 8/
7719/
426
358
418
472
266
140
27
8
/§/
462|/
410
323
522
353
218
74
13
1
1
1
*
1
1
1
1
1
1
X
n
1
1
1
1
1
1
1
1
2
1
(Continued on following page)
*
*
*
*
49
48
47
46
46
45
44
44
43
42
42
41
41
J u ly
57
1971
.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 J/
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-61...
192
. 6 .....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
100,026
3,674
3,914
4,136
4,112
4,246
4,599
4,466
4,343
4,289
4,870
16,214
1,331
1,386
1,458
1,502
1,542
1,619
1,731
1,788
1,841
2,056
116,240
5,005
5,300
5,594
5,614
5,787
6,217
6,196
6,131
6,130
6,926
78,034
4,343
4,203
4,363
4,538
4,801
4,895
5,154
5,548
5.959
4.959
70,349
3,613
3.461
3,609
3,705
3,904
3,982
4,178
4.462
4,722
3,877
7,685
731
742
754
833
897
913
976
1,086
1,237
1,082
389
219
191
206
188
212
216
196
184
210
231
37,817
38,260
39.166
40,190
41,078
41,853
42,959
43,805
44,205
44.167
45,902
Ctpfa ySf:
flnlr Qfg
1941-61....
1962......
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
101,793
3,624
4,185
4,132
4,092
4,450
4,574
4,452
4,221
4,503
16,869
1,372
1,404
1,491
1,514
1,580
1,680
1,757
1,832
1,909
118,662
4,996
5,589
5,623
5,606
6,031
6,255
6,209
6,052
6,412
80,032
4,349
4,229
4,425
4,650
4,913
4,941
5,300
5,835
5,626
72,020
3,595
3,495
3,646
3,787
3,997
4,022
4,283
4,661
4,405
8,012
754
733
780
863
916
919
1,017
1,173
1,221
U90
199
208
198
190
224
207
191
180
228
38,140
38,587
39,740
40,739
41.504
42,398
43.504
44,222
44,259
44,818
431
378
377
340
391
362
372
11
+0
411
488
437
440
463
134
183
160
157
151
156
190
566
561
537
497
542
519
561
601
583
665
622
605
633
428
385
328
331
310
265
309
383
311
342
316
274
323
121
110
93
92
86
71
83
llU
85
92
87
78
91
22
23
18
18
15
16
16
20
22
23
21
19
22
44,167
44,211
44,308
44,364
44,496
44,664
44,818
bk,902
45,067
45,274
45,473
45,706
45,902
389
219
191
206
188
212
216
196
184
210
231
5,989
6,695
7,193
7,546
7,716
7,829
7,858
7,766
7,506
7,114
7,101
19
+0
199
208
198
190
224
207
191
180
228
6,345
6,912
7,367
7,627
7,744
7,815
7,848
7,668
7,290
7,025
22
23
18
18
15
16
16
20
22
23
21
19
22
7,114
7,090
7,066
7.049
7,040
7,030
7,025
7,027
7,037
7.050
7,068
7,082
7,101
Months:
1970-Jun e
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1971-Ja.....n
Feb....
Mar....
Apr....f.
May.
June.....
Fiscal years:
1952-61...........
1962..............
1963..............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970..,_____ ______
1971.............
6,998
747
604
521
431
404
367
273
207
160
212
Q l S l r yearg:
aSffr
1952-61...........
1962.............
1963.............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
192
171
177
184
165
170
549
495
421
423
396
336
392
497
396
434
403
352
415
Series H
1,398
260
298
373
449
504
553
561
650
762
457
1,398
260
298
373
449
504
553
561
650
762
457
_
_
_
_
-
6,998
747
604
521
431
404
367
273
207
160
212
7,374
654
575
477
394
410
324
244
172
162
-
7,374
654
575
477
394
410
324
244
172
162
1,519
287
328
416
467
564
497
615
730
655
1,519
287
328
416
467
564
497
615
730
655
_
_
_
14
15
11
11
16
10
12
20
20
26
26
22
23
-
14
15
11
11
16
10
12
20
20
26
26
22
23
57
62
53
46
39
37
33
38
31
35
28
27
27
5
7
62
53
46
39
37
33
38
31
35
28
27
27
-
_
_
_
_
-
_
_
_
-
Months:
Aug..........
Nov..........
1971-Jan..........
Feb..........
Mar...........
Apr...........
May..........
June..........
Footnotes at end of Table SB-4*
-
-
-
-
_
_
_
-
_
_
_
-
Treasury Bulletin
.UNITED STATES SAVINGS BONDS
_________________________________
Table SB-4* - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Fiscal years:
1951-55..............
1956.................
1957.................
1958... .............
1959.................
I960.. ..............
1961..... ....... ....
1962.................
1963..................
1964....................
1965..... .... .......
1966.................
1967..................
1968.................
1969.................
1970..................
, 1.
197 ....... ..........
Calendar years•
1951-55...... .........
1956................ .
1957..................
1958......... ........
1959..................
I960.................
1961.................
1962.................
1963......... .......
1964..... ...........
195
. 6 ... .............
1966... ..............
1967........... ......
1968..................
1969..................
1970................. .
Months:
July.............
Aug..............
1971-Jan.............
Feb.............
Mar...............
Apr..............
May.............
June...........
Total ./
1
Unmatured
1 Unclassified
: 10/
Tot
al.
Series E
and H
Other
Total
Series &
and H
Other
30,633
7,846
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
10,059
4,263
4,115
3,730
3,
6a
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
5,181
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
4,877 ^/
2,345
2,144
1,824
1,625
1,822 6/
940 2/
925 i/
657 5/
304
246
280
412
260
143
29
9
20,459
3,467
4,657
4,739
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
16,007
2,785
3,132
3,195
3,235
3,285
3,075
2,875
2,312
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
4,451
682
1,526
1,544
543
1,356
283
196
139
140
118
104
79
25
6
.
.
-
116
116
185
75
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
31,160
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
11,506
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,341
6,097
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
5,410 i/
2,355
2,072
1,702
2,268 6/
1,089 6/ 2/
922 2/ W
730 8/2/
426 2/
282
216
391
345
209
84
15
19,461
3,899
5,207
3,841
4,520
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
15,235
2,920
3,322
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
4,225
979
1,886
750
1,075
825
201
175
125
131
111
107
44
13
2
192
120
266
22
-449
-239
-60
213
-52
-76
6
144
-7
26
228
-431
607
558
475
469
436
373
426
536
428
470
432
380
442
226
220
295
254
218
23
7
179
166
236
184
27
1
160
126
225
219
294
253
217
236
178
165
235
183
216
159
126
297
285
397
263
408
357
290
301
270
310
274
265
240
297
285
397
263
408
357
290
301
270
310
274
265
240
Sources Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note In these tables sales of Series A-F and J bonds are included at issue
:
price, and redemptions and amounts outstanding at current redemption
value. Series G H, and K are included at face value throughout.
,
Matured bonds which have been redeemed are included in redemptions.
Matured J and i bonds outstanding are included in the interest-bearing
C
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of ( )
l
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and ( ) Series F and J bonds for Series H bonds beginning
2
January I960; however, they exclude exchanges of Series E bonds for
Series i bonds, which are reported in Table SB-3.
i
2/ Details oy series on a cumulative basis and by periods for Series A-D
combined will oe found in the February 1952 and previous issues of the
Treasury Bulletin.
J/ Because there is a normal lag in classifying redemptions, the distribu
tion of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
2
1
1
1
1
1
1
1
1
1
1
1
1
ij
j/
>
6/
2/
8/
2/
10/
*
-
-
_
..
_
-
»
_
.
.
84
53
-217
-48
-190
-220
-43
69
-79
-24
-59
-44
76
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4#
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4# marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4# marketable bonds
of 1969.
Includes exchanges of Series 1950 F and G bonds for 3-7/0# marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8#
marketable bonds of 1971 and 4# marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than #500,000.
J u ly
1971
59
UNITED STATES SAVINGS NOTES
United States savings notes were on sale May 1, 1967
through June 30, 1970. The notes were eligible for purchase
by individuals with the simultaneous purchase of Series E
savings bonds.
The principal terms and conditions for purchase and re
demption and information on investment yields of savings
notes appear in the Treasuiy Bulletins of March 1967 and June
1968.
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions
Period
Fiscal years:
1967.............
1968.............
1969.............
1970.............
1971.............
Calendar years:
1967.............
1968.............
1969.............
1970.............
Months:
1970-June.........
July.........
Aug..........
Oct..........
Nov..........
Dec..........
1971-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
Sales 1/
Accrued
discount
accrued
discount
Total
*
*
35
111
167
34
105
157
;
Amount
outstanding
Sales
price
Accrued
diScoum;
*
*
■
■
*
1
6
10
203
505
742
619
1
201
326
323
11
12
25
33
1
201
338
347
44
80
277
348
160
5
18
3
1
80
281
366
191
*
7
76
154
*
7
72
145
*
3
8
8C
354
644
682
20
9
-6
10
1
*
1
*
-3
*
*
*
*
2
3
3
3
3
3
3
3
3
3
3
3
2
22
11
-4
13
4
3
4
3
*
3
3
3
2
11
11
18
11
19
17
14
15
12
14
12
12
10
11
11
17
11
18
16
13
14
12
13
12
11
10
1
1
1
1
1
1
1
1
1
1
1
1
1
742
742
740
722
707
692
682
669
657
646
636
627
619
*
Source: Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
1/ Sales were discontinued after June 30 1970. Figures shown thereafter
,
represent adjustments- * Less than $500,000.
Treasury Bulletin
60
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
(in millions of dollars)
Interest-hearing public debt securities
Total
End of
Federal
fiscal year securi Total
ties out out
or month
standing standing
Held by U.S. Government accounts
Non-marketable
Public
Total market- Special
Other
able
issues
Public
issues
heldby
Federal
Reserve
banks
Public
market
able
Matured
public
debt
and q e t
lb
bearing
market no
able
interest
Agency securities
Held by private investors
Total
Total
out
standing
y
Held by
U.S. Govt,
accounts
and Fed.
Reserve
banks
Held by
private
investors
1962......
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
306,128
313,983
320,344
326,609
333,284
344,676
371,978
367,969
383,428
294,442
301,954
307,357
313,113
315,431
322,286
344,401
351,729
369,026
54,255
55,638
58,598
61,071
64,316
71,809
76,138
84,815
95.170
7,208
9,033
9,878
10,351
12,050
13,635
14,694
16,007
16,974
44,865
44,429
46,546
48,549
50,196
56,103
59,374
66,738
76,124
2,182
2,177
2,174
2,171
2,070
2.071
2.071
2.071
2.071
29,663
32,027
34,794
39,100
42,169
46,719
52,230
54,095
57,714
210,525
214,289
213,964
212,941
208,946
203,758
216,032
212,819
216,142
159,201
162,449
161,816
159,244
154,909
150,318
159,668
156,006
157,9U
51,323
51,840
52,148
53,697
54,037
53,440
56,363
56,814
58,231
3,759
3,906
4,356
4,161
4,476
3,935
3,178
1,991
1,893
7,927
8,123
8,631
9,335
13,377
18,455
24,399
14,249
12.510
663
707
611
469
468
2,010
3,001
2,846
2,553
21,398
11,403
9,956
1970-Ma y
June....
383,758r
383,428
389,040
393,370
391,160
392,665
396,100
401,650
369,144 92,331
369,026 95.170
374,622 94,767
378,905 96,368
376,820 95,487
378,324 94,418
381,667 94,564
387,252 97,093
17,044
16,974
73,215
76,124
2.071
2.071
57,307 219,506
57,714 216,142
386,487 96,660
388,648 98,016
389,777 98,800
390,029 99,051
394,922 101,846
2.071
2.071
2.071
2.071
2.071
2.071
2.071
2.071
2,056
2.056
2.056
58,597
59,9^7
59,975
60,015
61,233
62,142
401,845
403,167
404,688
404,567
409,561
75,891
77,431
76,541
75,363
75,444
77,931
77,380
78,844
79,366
79,586
81,681
57,296
58,231
58,838
58,892
58,879
58,711
59,704
59,537
59,369
59,641
60,898
62,500
65,551
1,944
1,893
1,946
1,996
1,858
1,875
1,973
1,907
1,854
2,017
1,891
1,861
1,923
12,671r
12.510
16,805
16,866
16,875
16,984
17,049
17,091
17,209
17,101
17,378
17,408
18,109
162,209
157,911
162,420
163,698
162.480
165,180
166,165
168.480
2,565
2,553
2,570
2,599
2,652
2,644
2,606
25*
,91
2,562
2,289
2,411
2,250
2,252
10,10$r
9,956
9,902
9,870
9,829
9,821
9,854
9,897
10,942
10,214
10,610
10,426
10,464
July....
Aug...
Sept....
Oct...
Nov...
Dec...
1971-Ja n
Feb...
Mar...
Apr...
May...
1/ For content see Table FD-6.
r Revised.
61,783
62,462
64,160
63,721
64,764
221.258
222,590
221,359
223,891
225,869
228,017
228,044
228,170
226,817
227.258
228,312
168,675
168,530
165,920
164,758
162,762
12,472
12,469
12,482
12,465
12,460
12,491
13,504
12,503
13,021
12,676
12,716
7,264
7,4l£
8,020
8,866
July 1971
61
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.......
1952-June.......
Dec.......
1953-June.......
Dec.......
1954-June.......
Dec.......
1955-June.......
Dec.......
1956-June.......
Dec.......
1957-June.......
Dec.......
1958-June.......
Dec.......
1959-June.......
Dec.......
1960-June.......
Dec.......
1961-June.......
Dec.......
1962-June.......
Dec.......
1963-June.......
Dec.......
1964-June.......
Dec.......
1965-June.......
Dec.......
1966-June.......
Dec.......
1967-June.......
Dec.......
1968-June.......
Dec.......
1969-June.......
Dec.......
1970-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June.......
July.......
Aug.......
Sept.......
Oct.......
Nov.......
Dec.......
1971-Jan.......
Feb.......
Mar.......
Apr.......
May P......
Total
privately
held
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5 .
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
223.5
223.6
225.9
220.5
221.4
218.0
223.2
224.6
223.2
225.8
227.9
229.9
229.9
230.2
228.7
229.1
230.2
Commer
cial
banks
Individuals y
Total
2J
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
54.6
53.0
55.5
54.5
53.9
53.3
55.1
58.0
56.9
58.9
59.9
63.2
62.1
62.1
61.2
60.2
59.0
Total
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
168.8
170.5
170.4
166.0
167.5
164.7
168.1
166.5
166.3
166.9
168.1
166.8
167.8
168.1
167.6
168.9
171.2
9.4
63.9
64.
I
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
65.9
65.7
66.0
66.0
68.2
68.8
69.8
70.9
72.1
73.1
74.6
70.9
74.0
74.8
75.8
77.9
80.9
82.1
82.8
83.2
82.7
83.0
82.5
82.9
82.3
82.7
82.3
82.4
81.9
81.7
81.1
80.1
79.2
78.3
Savings bonds
Series Other
E and H Series 2/
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
51.0
50.9
50.8
50.8
50.8
50.8
50.8
50.9
50.9
51.1
51.2
51.4
51.4
51.6
51.8
52.1
52.3
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J are included at cur
,
rent redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island posses
ions. Figures exclude securities held in trust departm sent .
2/ Includes partnerships and personal trust accounts.
y
Exclusive of banks and insurance companiesv
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
.
7
.
7
.8
.8
.8
.8
.8
.8
.8
.8
.
7
.
7
.
7
.
7
.
7
.
7
.
7
5/
6/
7/
Other Insurance
secu companies
rities
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
18.6
19.5
18.9
19.1
18.5
20.0
20.2
20.7
21.5
22.4
23.2
24.3
20.2
22.8
23.3
23.9
26.1
29.1
30.4
31.1
31.6
31.1
31.4
30.9
31.2
30.6
31.0
30.5
30.4
29.8
29.5
28.8
27.5
26.5
25.3
Mutual
sav
ings
banks
5.7
2.7
11.1
24.4
11.8
24.9
19.8
11.6
18.7
10.9
10.2
17.1
9.8
I6.4
9.6
15.7
16.0
9.5
16.0
9.5
9.2
15.9
9.1
15.4
8.8
15.3
15.0
8.7
14.6
8.5
13.6
8.3
13.2
8.0
12.7
7.9
7.6
12.5
12.2
7.4
12.6
7.2
12.6
7.3
12.5 .
6.9
12.0
6.6
11.8
6.2
6.3
11.4
6.1
11.3
6.2
11.3
6.0
11.5
6.0
10.9
5.6
11.2
10.8
5.8
11.0
5.5
5.6
10.5
10.3
5.3
9.6
5.0
4.6
9.5
8.6
4.1
8.6
4.1
8.1
3.9
8.0
3.6
7.7
3.3
7.1
2.9
7.2
2.9
7.1
2.9
7.0
2.9
7.1
2.8
6.9
2.9
6.8
2.9
2.8
7.1
7.2
2.9
7.1
2.9
7.0
2.8
2.7
6.9
2.8
7.0
2.7
7.3
2.8
7.2
6.8
2.8
6.8
2.8
6.8
2.9
State
and
Corpora local
tions l j govern
ments
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
13.0
14.2
12.6
13.3
13.9
13.2
12.7
11.9
12.5
11.1
12.0
11.7
10.3
11.1
10.8
10.6
11.1
10.2
11.0
10.0
9.8
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
24.6
24.4
25.2
25.4
26.1
26.2
25.5
24.7
25.2
24.6
24.2
24.2
24.0
24.1
23.2
22.9
23.0
23.8
22.6
22.0
21.9
Foreign
and inter
national
1/
.2
2.4
2.1
3.5
4.3
4.2
4.3
-4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.4
11.7
12.3
13.2
13.2
13.8
14.8
15.9
16.5
17.4
18.2
20.0
20.6
20.9
22.9
25.4
29.2
33.5
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
22.2
22.4
21.8
24.1
24.9
26.1
25.9
23.6
23.3
22.0
23.4
21.8
22.0
21.4
22.1
21.1
21.1
20.1
18.9
19.0
18.1
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit aocounts and government-sponsored
agencies.
Includes U.S. savings notes. Sales began May 1 1967 and were dis
,
continued after June 30 1970.
,
p Preliminary.
Treasury Bulletin
62
.TREASURY SURVEY OP OWNERSHIP, MAY 81, 1971
19U1 Treasury Bulletin, for corporations and savings and loan
.associations in the September i960Bulletin, and for State and
local governments in the February 1962 Bulletin.
The monthly Treasury Survey of Ownership covers securi
ties issued by the United States Government, Federal agencies,
Federally-sponsored agencies, and the District of Columbia.
The banks and insurance companies included in the Survey cur
90 percent
of all such securities
Holdings by commercial banks distributed according to
held by these institutions. The similar proportion for cor
Federal Reserve member bank classes and nonmember banks are
rently account for about
porations and for savings and loan associations is
and for State and local governments, 70 percent.
50 percent,
published for June 30 and December
31.
Holdings by corpor
ate pension trust funds are published quarterly, first ap
Data were
pearing in the March 195^ Bulletin.
first published for banks and insurance companies in the May
Table TSO-1. - Summary of Federal Securities
(Far values - In millions of dollars)
Held by private.
investors covered in Treasury Survey
Classification
Total
amount
outstand
ing 1/
Public debt issues:
Interest-bearing public
debt securities:
Marketable............
Nonmarketable 4/.......
Special issues........
Total interest-bearing
public debt securities. .
..
Matured debt and debt
bearing no interest......
Total public debt
securities...........
Government agency issues:
Regular issues..........
Participation
certificates 6/.........
Total Government agency
securities covered in
Treasury Survey.........
Nonsurveyed Government
agency securities.......
Total Government agency
securities J j ..........
Total Federal securities....
Footnotes at end of Table TSO-6.
U. S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
5,691
commer
cial
banks
2/
491
mutual
savings
banks
2/
Insurance companies
290
life
452 fire,
casualty,
and
marine
State and local
frmrinf
fnrmAfi
487
savings 467
186
and loan corpo
pension
associa rations 316
general and re
tions
tirement
funds
funds
All
other
private
inves
tors 2/
245,635
67,550
81,738
82,873
2,056
8l,68l
162,762
6,tU
5>9
57
2,880
47,059
7
445/
3,195
29
2,656
27
3,266
8
3,o l
i*
*
8,648
45
2,763
58
89,280
65,275
57
394,922
166,610
228,312
47,103
2,887
3,225
2,683
3,274
3,014
8,693
2,822
154,613
1,923
-
1,923
-
-
-
-
-
-
-
-
1,923
396,845
166,610
230,235
47,103
2,887
3,225
2,683
3,274
3,014
8,693
2,822
156,536
3,715
75
3,641
233
127
109
34
82
193
222
2,64l
390
47
284
219
45
304
790
2,066
517
157
318
302
45
497
1,012
4,706
7,300
1,949
5,351
1,206
11,015
2,023
8,992
1,438
1,701
229
1,472
12,716
2,252
10,464
409,561
168,862
240,699
July 1971
63
.TREASURY SURVEY OP OWNERSHIP, MAY 31, 1971
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/
Classification
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
491
mutual
savings
banks
2/
160
189
2,846
279
899
1,478
3,195
By type security:
Issued by U.S. Government:
Treasury bills..............
Treasury notes..............
Treasury bonds..............
Total.....................
89,096
102,495
54,043
245,635
28,217
42,443
12,213
7,364
28,517
11,178
82,873
47,059
222
1,394
1,263
2,880
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year............ » .
..
1 to 5 years................
5 to 10 years...............
10 to 15 years..............
15 to 20 years..............
20 years and over............
Total....:.................
119,704
83,470
26,037
1,057
10,271
5,096
245,635
37,757
30,522
10,211
224
3,115
1,044
82,873
16,163
24,676
5,778
51
318
73
47,059
500
1,198
522
22
402
237
2,880
113,959
88,004
24,502
3,804
4,668
10,699
245,635
37,213
30,607
9,943
950
1,140
3,019
82,873
13,977
26,785
5,696
211
148
243
47,059
435
1,236
501
70
260
378
2,880
Maturity classes (final
maturity):
Within 1 year...............
1 to 5 years................
5 to 10 years...............
10 to 15 years..............
15 to 20 years..............
20 years and over............
Total.....................
State and local
487
governments
savings
467
452 fire, and loan corpo
186
pension
casualty, associa rations 316
general and re
and
tions
funds
tirement
marine
funds
5,691
commer
cial
banks
2/
290
life
Held by
all
other
inves
tors 2/
404
167
2,192
3,014
4,392
1,982
2,274
8,648
2,763
45,981
24,864
18,435
89,280
766
1,607
524
69
231
68
3,266
2,180
720
103
*
6
4
3,014
5,456
1,936
647
48
397
165
8,648
464
439
367
51
1,237
206
2,763
55,468
20,927
6,619
346
3,294
2,626
89,280
667
1,689
484
126
77
222
3,266
1,827
1,074
101
2
1
9
3,014
5,278
2,058
551
200
202
360
8,648
434
344
275
267
359
1,084
2,763
53,445
22,557
6,006
1,352
1,698
4,222
89,280
1,629
595
790
2,656
449
1,444
1,374
3,266
285
281
860
213
928
628
3,195
665
1,163
407
33
343
45
2,656
186
347
571
535
681
875
3,195
497
1,306
374
91
102
286
2,656
Footnotes at end of Table TSO-6.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,691
commer
cial
banks
2/
491
mGa.
uuj
savings
banks
2/
)#n
fy0 f
savings
452 fire, and loan
casualty, associa
and
tions
marine
290
life
Treasury bills:
Regular weekly and annual
maturing:
May
1971...............
June 1971...............
July 1971...............
Aug. 1971...............
Sept. 1971...............
Oct. 1971...............
Nov. 1971...............
Dec. 1971...............
Jan. 1972...............
Feb. 1972...............
Mar. 1972...............
Apr. 1972...............
1,701
15,912
20,627
16,621
9,709
7,704
7,304
1,702
1,700
1,201
1,200
1,200
701
4,582
5,941
5,528
2,496
2,750
2,548
669
839
483
636
762
124
1,330
1,923
1,240
799
422
387
219
157
175
109
145
9
41
46
17
20
21
22
13
16
6
4
2
4
37
28
12
9
4
1
2
*
1
Tax anticipation:
June 1971...............
Total Treasury bills...........
2,515
89,096
281
28,217
335
7,364
5
222
Footnotes at end of Table TSO-6.
State and local
5VV«iiUUK
467
186
corpo
316
rations general pension
and re
funds
tirement
funds
-
5
86
58
55
21
12
2
6
5
7
2
*
10
82
95
38
40
27
41
44
17
22
21
7
9
98
146
276
138
218
229
67
33
5
8
13
232
1,052
891
724
352
408
151
206
115
89
102
28
62
160
19
279
5
449
388
1,629
42
4,392
-
(Continued on following page)
85
90
122
75
18
2
2
1
*
10
*
-
-
404
Held by
all
other
inves
tors 2/
523
8,515
11,377
8,655
5,816
3,841
3,920
475
516
404
318
243
1,378
45,981
64
T re a s u ry
B u lle t in
T REASURY SURVEY OF OW NERSHIP. MAY 31, 1971
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue - (Continued)
(Bar values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1 /
Issue
reasury notes:
8-I/4#
Aug.
Nov.
5-3/$%
Nov.
7-3/4
Feb.
4-3/4
7-1/2
Feb.
May
4-3/4
May
6-3/4
Aug.
5
May
7-3/4
8-1/8
Aug.
Feb.
7-3/4
May
7-1/4
Aug.
5-5/8
Nov.
5-3/4
Feb.
5-3/4
6
May
5-7/8
Aug.
Feb.
6-1/4
6-1/2
May
7-1/2
Aug.
8
Feb.
Aug.
7-3/4
Feb.
6-1/4
1-1/2
Oct.
1-1/2
Apr.
1-1/2 - Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
U. S Govern
.
ment ac
counts and
Federal
Reserve
banks
5,691
commer
cial
banks
2/
491
mutual
savingsbanks
2/
Insurance companies
290
life
452 fire,
casualty,
and
rf/l f
ntrni
State and local
487
ffovemments
467
savings
187
and loan corpo
pension
associa~ rations 316
general and re
tions
funds tirement
funds
2,257
963
5,836
797
2,684
5,310
2,037
3,432
5,843
1,839
3,141
4,507
10,284
7,211
5 US
,
6,760
7,683
3,739
2,697
4,194
5,163
2,263
8,387
72
34
33
34
30
34
42
8
31
2
335
268
3,547
237
247
2,979
148
1,530
2,663
301
225
944
5,656
2,833
1,747
4,464
2,342
2,857
740
1,502
2,915
713
3,246
_
2
_
2
_
-
855
212
727
242
1,056
887
1,207
947
1,290
844
1,654
2,047
2,488
1,772
1,622
860
3,218
370
767
1,224
1,036
694
2,427
21
8
10
13
5
8
1
1
4
1
27
11
19
11
28
37
24
32
58
30
61
48
181
122
97
43
87
16
62
65
82
61
186
*
*
1
_
2
*
1
_
-
1
1
2
*
3
1
4
*
1
1
23
30
9
12
28
3
9
6
1
5
41
_
2
1
_
2
1
*
-
28
11
3
15
15
40
4
13
39
10
29
33
72
39
78
69
37
9
74
70
33
42
99
2
2
1
5
3
7
5
1
11
*
19
10
17
11
20
51
13
32
47
18
5
3
72
212
90
146
62
168
21
42
19
42
31
246
1
*
1
_
*
*
1
_
1
14
6
4
1
38
26
47
7
13
36
31
52
30
82
21
4
28
_
11
7
22
11
50
12
1
4
5
4
9
14
*
*
-
102,495
42,443
28,517
1,394
189
899
1,444
595
1998.......
1,232
1,951
2,562
2,806
1,087
979
2,579
3,894
4,344
3,126
3,579
2,238
1,212
1,536
2,591
1,904
1,057
3,804
247
1,551
4,668
1,201
3,894
145
130
270
609
384
241
603
625
548
640
637
706
459
267
818
748
224
1,366
70
539
1,140
152
892
382
1,147
657
987
210
202
728
1,349
1,824
1,142
1,077
557
77
83
177
138
51
148
4
18
148
17
56
24
11
30
45
4
6
28
65
71
73
72
20
27
21
46
5
9
22
120
4
17
260
24
213
18
18
63
9
4
5
14
17
28
22
15
25
33
289
126
391
213
138
28
81
681
34
594
33
5
9
76
63
13
22
51
114
154
117
102
64
25
34
78
5
3
33
199
2
39
102
16
29
17
35
47
43
14
21
86
113
139
114
106
68
17
40
88
58
69
111
9
35
77
11
57
Total Treasury bonds..........
54,043
12,213
11,178
1,263
2,846
1,478
otal marketable public
debt securities..............
245,635
82,873
47,059
2,880
3,195
2,656
1971-F......
1971-B......
1971-G......
1972-A......
1972-C......
1972-B......
1972-D......
1972-E......
1973-A......
1973-B......
1974-C......
1974-D......
1974-B......
1974-A......
1975-A......
1975-B......
1975-C .
. .....
1976-A......
1976-B......
1976-C......
1977-A......
1977-B......
1978-A......
1971-EO.....
1972-EA.....
1972-EO.....
1973-EA.....
1973-EO.....
1974-EA.....
1974-EO.....
1975-EA.....
1975-EO.....
1976-EA.....
Total Treasury notes..........
reasurv bonds:
2-1/2$
June
2-1/2
Sept.
2-1/2
Dec.
Aug.
4
3-7/8
Nov.
Feb.
4
Aug.
4
Aug.
4
Nov.
4-1/8
Feb.
4-1/8
May
4-1/4
3-7/8
Nov.
May
4-1/4
June
3-1/4
Feb.
4
Nov.
3-1/2
May
3-1/4
Aug.
4-1/4
Feb.
4
May
4-1/8
Feb.
3-1/2
Feb.
3
3-1/2
Nov.
1967-72.....
1967-72.....
1967-72.....
1971.......
1971.......
1972.......
1972.......
1973.......
1973.......
1974.......
1974.......
1974.......
1975-85.....
1978-83.....
1980.......
1985.......
1987-92.....
1988-93.....
1989-94.....
1990.......
Footnotes at end of Table TSO-6.
112
124
150
38
81
106
42
115
84
16
80
72
191
101
159
88 ■
66
20
62
73
42
26
133
1
_
_
_
_
_
1
_
-
Held by
all
other
inves
tors 2/
6
1
4
1
3
*
3
5
2
1
2
21
9
26
26
5
1
5
10
3
11
21
_
_
_
_
_
_
_
_
-
860
319
1,370
236
1,198
1,179
553
752
1,640
582
1,004
1,236
1,409
2,132
1,243
1,132
1,703
441
923
1,217
986
669
1,938
34
21
15
10
17
2
21
3
15
1
1,982
167
24,864
40
173
140
22
10
17
3
113
51
80
111
7
*
1
10
*
*
5
•
*
1
3
*
45
39
94
91
104
36
156
175
200
87
95
113
56
96
207
70
48
131
1
63
202
63
102
7
4
20
6
*
2
7
9
26
33
32
66
42
125
91
160
71
51
487
33
358
359
45
161
522
334
1,167
932
341
421
901
1,298
1,296
820
1,298
637
393
613
881
315
346
1,099
97
401
1,698
836
1,789
1,373
790
2,274
2,192
18,435
3,266
3,014
8,648
2,763
89,280
J u ly
65
1971
____ TREASURY SURVEY OF OWNERSHIP, MAY 31, 1971_____________
Table TSO-4. - Interest-Bearing Nonmarketable Public Debt Securities by Type
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Type
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,691
commer
cial
banks
2/
491
mutual
savings
banks
2/
290
life
452 fire,
casualty,
and
marine
State and local
governments
487
savings 467
186
and loan corpo
pension
associa rations 316
general and re
tions
funds tirement
funds
Held by
all
other
inves
tors 2/
U.S. savings bonds;
-
*
*
*
*
*
*
*
1
1
*
*
*
*
1
1
*
1
1
45,705
7,080
52,785
-
-
-
-
-
-
-
-
-
5,351
926
456
1,508
.
_
2,457
738
2
3
.
-
24
8
2,348
250
46
627
14,762
67,550
45,706
7,082
52,788
Other U.S. securities:
Certificates of indebtedness:
Foreign Series............
Foreign Currency Series
Treasury certificates........
Treasuiy certificates Eurodollar
series...................
Treasuiy notes:
Foreign Series............
Depositary bonds............
Treasuiy bonds:
Foreign Series............
Foreign Currency Series.....
R. E. A. Series...........
Investment Series B..„.......
Other...................
U.S. retirement plan bands....
U.S. savings notes..........
Total other U.S. Securities....
Total nonmarketable public
debt securities.............
*
*
*
5,351
926
456
_
_
_
_
_
_
_
-
_
-
_
-
_
-
_
-
_
-
_
2,056
_
2,056
_
23 5/
_
21
44 5/
_
7
7
_
29
_
29
_
_
...
27
27
7
7
*
*
2,056
44 2/
7
29
27
8
*
1,508
_
-
2,457
738
-
44
44
58
58
24
8
99
250
46
627
12,491
45
58
65,275
Footnotes at end of Table TSO-6i
Table TSO-5. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
ExDort-Inroort Bank:
Short-term notes... .........
6.15# Apr. 1973 (Debentures)..
Participation certificates....
Total....................
Federal Housing Administration:
(Debentures)...............
Government National Mortgage
Association:
Participation certificates....
Tennessee Valiev Authority:
Short-term notes............
8#
June 1974 (Bonds)....
8-3/4 June 1975 (Bonds)....
4.40
Nov. 1985 (Bonds)....
4-5/8 July 1986 (Bonds)....
4-1/2 Feb. 1987 (Bonds)....
5.70
May 1992 (Bonds)....
6*/
- 3 8 Nov. 1992 (Bonds)....
8-1/4 Oct. 1994 (Bonds)....
9
Mar. 1995 (Bonds)....
9-1/4 June 1995 (Bonds)....
Total....................
Total Government agency securities
covered in survey............
Footnotes at end of Table TSO-6.
lXL
OcL
amount
outstand
ing 1/ 7/
1,500
400
1,225
3,125
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
-
5,691
cornercial
banks
2/
491
mutual
savings
banks
2/
290
life
8
8
*
75
75
1,500
195
605
2,301
18
-
21
97
63
261
197
37
190
7.
35
1,460
*
1
*
*
*
26
3
10
-
_
-
423
84
33
14
22
14
47
45
81
86
33
882
4,706
-
-
5
23
27
22
23
44
-
-
2
3
4
488
69
47
58
89
24
6,075
1,949
873
348
45
652
100
50
50
50
45
70
60
100
100
50
1,327
6
-
-
45
4
2
*
•
*
*
1
*
*
1
*
6
54
2
6
4
1
*
*
4
1
3
11
12
44
1
5
3
3
1
1
1
1
*
18
11,015
2,023
1,438
517
157
_
Held by
all
other
inves
tors £/
21
113
134
-
24
42
66
-
-
452 fire,
casualty,
and
marine
State and local
487
IC4 O
U1V
6
savings
186
and loan 467
pension
associa corpo- 316
rations general and re
tions
funds tirement
funds
132
333
464
-
-
Insurance companies
-
150
5
42
-
151
*
28
24
28
16
10
13
1
5
125
318
302
45
497
1,012
-
1
*
-
-
-
-
1
2
-
_
*
_
_
_
-
2
_
_
*
_
_
_
-
-
-
-
66
Treasury Bulletin
TRBASTTRY SURVEY OP OWNERSHIP, MAY 31, 1Q
?1
Table TSO-6. - (Memorandum) Securities Issued by Government-Sponsored Agencies
and the District of Columbia
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing
Issue
Banks for cooperatives:
5.70$ June 1971 (
Debentures)
.
5-1/4 July 1971 (Debentures).
Debentures)
.
4-1/2 Aug. 1971 (
3.70
Oct. 1971 (Debentures).
1971 (Debentures).
Nov.
4.45
7.30
Oct. 1973 (Debentures).
Total
Federal home loan banks:
8.45$ June 1971 (Bonds)....
7.50
July 1971 (Bonds)....
Aug. 1971 (Bonds)....
7.65
Sept. 1971 (Bonds)....
7.35
8.20
Nov. 1971 (Bonds)....
8.20
Feb. 1972 (Bonds)....
8.20
Feb. 1972 (Bonds)....
1972 (Bonds)....
May
8.15
7-3/8 Nov. 1972 (Bonds)....
Feb. 1973 (Bonds)....
8.35
5.70
Feb. 1973 (Bonds)....
May
1973 (Bonds)....
4-1/4
Aug. 1973 (Bonds)....
7.20
Jan. 1974 (Bonds)....
8.40
Feb. 1974 (Bonds)....
8.40
Aug. 1974 (Bonds)....
7.65
8
Nov. 1974 (Bonds)....
6.10
Feb. 1975 (Bonds)....
May
1975 (Bonds)....
8.05
Aug. 1975 (Bonds)....
7.95
6-1/2 Nov. 1975 (Bonds)....
Feb. 1980 (Bonds)....
7.75
7.80
Oct. 1980 (Bonds)....
7.10
Nov. 1972 FHLMC 2/
(Mt Backed Bonds)
g.
8.60
Nov. 1995 FHLMC 2/
(Mtg Backed Bonds)
.
Total.
M^ral._int;erinedl^e_cr?di-b. f a k ,
rns:
7.30$ June 1971 (Debentures).
7.10
July 1971 (Debentures).
6.80
Aug. 1971 (Debentures).
5.70
Sept. 1971 (Debentures).
5.30
Oct. 1971 (Debentures).
Nov. 1971 (Debentures).
4.55
Dec. 1971 (Debentures).
4
Jan. 1972 (Debentures).
3.85
4.60
Feb. 1972 (
Debentures)
.
Mar. 1973 (Debentures).
8.15
July 1973 (
Debentures)
.
7-3/4
July 1974 (
Debentures)
.
5.95
Total.
4-1/8$
8.15
8.45
6
5.70
4-1/4
4.45
8.20
3-7/8
8.35
5-7/8
7.95
4-1/8
7.95
8.45
7.80
4-1/2
7.30
5.30
8-3/8
4-3/8
5
5-3/8
5-1/8
5
6.70
Total.
Feb.
July
July
Oct.
Feb.
Apr.
Apr.
July
Sept.
Sept.
Oct.
Jan.
Feb.
July
July
Oct.
Feb.
4Pr
.
Oct.
Jan.
Apr.
Feb.
July
Apr.
Jan.
Apr.
1967-72
1971
1971
1971
1972
1972
1972
1972
1972
1972
1972
1973
1973-78
1973
1973
1973
1974
1974
1974
1975
1975
1976
1976
1978
1979
1981
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds)__
(Ponds)
(Bonds)__
(Bonds)__
(Bonds). .
..
(Bonds). .
..
(Bonds)__
(Bonds)__
(Bonds)__
(Bonds). .
..
Footnotes at end of table.
Insurance companies
S f t and local
tie
487
governments
savings 467
186
and loan corpo
pension
as ia* rations 316
soc general and re
tions
funds
tirement
funds
Held by
all
other
inves
tors 2/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,691
commer
cial
banks
2/
491
mutual
ssavings■
banks
2/
290
life
375 8/
340
426 8/
336 2/
272 8/
100
1,849 8/
*
*
88
78
85
69
66
56
442
6
5
4
3
3
3
23
1
1
4
6
4
*
14
18
15
28
21
9
5
96
23
*
14
24
16
78
34
26
30
30
20
24
164
-
201
211
260
188
158
12
1,029
650
500
650
400
250
200
300
200
250
350
400
400
450
300
250
183
233
250
265
300
350
350
200
_
-
97
60
131
60
33
44
22
29
104
50
75
142
167
27
53
24
38
66
55
68
90
43
34
27
17
19
15
8
12
21
11
8
24
11
4
10
11
16
6
2
15
21
28
28
26
20
*
1
3
1
*
*
*
1
1
1
*
-
4
4
2
12
3
9
*
1
1
14
*
1
*
2
2
1
5
11
2
2
2
2
33
35
46
28
11
24
15
14
10
32
50
55
43
19
32
43
29
37
37
23
67
42
14
1
5
9
12
6
4
2
2
3
2
2
5
4
1
*
2
1
4
3
-
34
44
20
13
17
16
3
12
6
6
36
4
4
5
2
4
3
2
7
26
4
8
4
2
1
*
*
*
*
*
3
1
452
333
419
260
171
89
237
130
117
221
227
189
220
236
146
105
159
123
133
153
155
223
126
175
452 fire,
casualty,
and
marine
-
42
3
-
-
6
1
3
*
120
140
7,996
-
2
1,556
11
375
*
8
1
79
20
766
69
283
4
12
103
4,848
305 8/
553 8/
594 2/
417 £/
426 £/
702 £/
623 1/
691 2/
583 1/
203 8/
200 £/
224 8/
5,521 £/
_
-
54
100
136
93
97
150
154
164
142
33
51
81
1,256
3
14
23
9
20
12
9
4
6
10
9
10
127
*
*
*
*
*
2
1
4
8
2
7
4
4
3
12
*
1
1
2
2
2
40
9
18
21
12
15
58
49
36
17
10
7
30
282
1
8
27
3
23
41
20
15
3
6
146
18
46
33
12
9
43
27
91
45
3
14
3
344
*
1
_
1
218
367
370
261
278
403
343
373
358
141
114
93
3,318
72
270
232
446
230
437
300
442 8/
109
337
200
407 8/
148
350 8/
198
300 8/
155
354 2/
300
220
200
123
150
150
442 8/
224
6,797 8/
.
*
*
5
31
35
110
48
93
43
103
12
72
36
106
52
76
31
65
15
111
113
28
29
14
10
15
42
88
1,383
2
11
3
24
11
8
10
29
3
15
10
27
8
20
3
18
5
12
9
16
6
3
4
3
17
16
293
3
1
*
2
*
2
1
2
*
_
3
_
3
1
1
2
2
2
*
1
6
32
_
1
4
1
4
1
6
8
3
2
*
6
6
10
•
*
1
2
6
1
8
6
4
4
8
13
1
104
1
5
1
6
3
19
5
17
1
7
3
15
1
18
1
5
4
14
29
10
8
5
1
1
12
15
208
1
2
21
8
40
12
1
3
3
15
4
4
1
6
8
2
1
*
10
5
148
6
11
5
7
40
71
21
11
18
4
17
14
6
4
4
8
8
6
4
5
a
6
10
17
29
18
389
4
*
*
*
7
*
*
5
10
*
3
*
*
6
5
6
6
2
*
5
5
50
210
182
277
113
205
202
272
61
234
118
235
64
220
148
202
110
204
136
149
101
85
115
98
311
81
4,185
(Continued on following page)
J u ly
1971
67
.TREASURY SURVEY OP OWNERSHIP. MAY 31, 1971.
Table TSO-6.
(Memorandum) Securities Issued by Government-Sponsored Agencies
and the District of Columbia - (Continued)
(Ear values - In millions of dollars)
Held by investors covered in Treasury Survey
Issue
Feteral National Mortgage Assort ion
Discount notes.
June 1971 (Debentures).
6.85$
8.60
July 1971 (Debentures).
Aug. 1971 (Debentures).
4-1/8
Aug. 1971 (Debentures).
7-3/8
Aug. 1971 (Debentures).
8.05
Sept. 1971 (Debentures).
4-1/2
Sept. 1971 (Debentures).
5-3/4
Oct. 1971 (Debentures).
8.45
Nov. 1971 (Debentures).
6.85
8-1/8
Dec. 1971 (Debentures).
5-1/8
Feb. 1972 (Debentures).
Mar. 1972 (Debentures).
6-3/4
8.70
Mar. 1972 (Debentures).
June 1972 (Debentures).
4-3/8
8.70
June 1972 (Debentures).
Sept. 1972 (Debentures).
7.40
Sept. 1972 (Debentures).
8.40
Dec. 1972 (Debentures).
7.20
Dec. 1972 (Debentures).
8
Mar. 1973 (Debentures).
7.30
Mar. 1973 (Debentures).
8.30
June 1973 (Debentures).
4-1/4
June 1973 (Debentures).
8.35
8.10
Sept. 1973 (Debentures).
Dec. 1973 (Debentures).
5-3/4
Mar. 1974 (Debentures).
7-3/4
7.90
June 1974 (Debentures).
Sept. 1974 (Debentures).
5.65
Sept. 1974 (Debentures).
7.85
Dec. 1974 (Debentures).
6.10
Mar. 1975 (Debentures).
7.55
June 1975 (Debentures).
5-1/4
7.50
Sept. 1975 (Debentures).
Mar. 1976 (Debentures).
5.65
Feb. 1977 (Debentures).
4-1/2
6.50
June 1977 (Debentures).
June 1977 (Debentures).
6-3/8
June 1981 (Debentures).
7-1/4
June 1982 (Debentures).
6.65
June 1983 (Debentures).
6.75
June 1984 (Debentures).
6-1/4
6
Oct. 1973 (Capital
Debentures).
Apr. 1975 (Capital
Debentures).
8-1/8
June 1971 (M
tg. Backed
Bonds)...
Mtg
7-1/2
Oct. 1972 ( . Backed
Bonds)...
June 1975 (Mtg Backed
8-3/8
Bonds)....
8-5/8
tg
Oct. 1990 (M . Backed
Bonds)....
Total.
District of Columbia:
4.20%
Dec. 1970-79 (Bonds).
1/
2/
1/
k/
Total
amount
outstand
ing
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
487
savings 467
452 fire, and loan corpo
casualty, associa rations
and
tions
marine
5,691
commer
cial
banks
2/
491
mutual
savings
banks
1,891
250
400
63
200
250
96
350
500
350
500
98
250
200
100
300
200
400
400
200
450
250
146
350
300
500
350
400
300
250
250
300
500
350
500
198
150
250
250
250
200
200
103
26
60
10
39
29
7
56
97
52
102
4
39
22
8
46
26
59
85
23
209
34
14
70
57
236
96
105
124
32
95
126
142
70
176
26
65
77
61
52
6
1
79
36
10
16
2
10
7
4
22
5
1
18
30
5
13
13
6
19
9
29
17
3
17
10
10
3
1
26
11
15
40
11
10
16
11
17
34
23
9
8
14
22
3
5
13
250
70
18
18
21
10
State and local
governments
200
31
150
54
250
7
3,086
10
*
6
1
*
5
13
1
10
7
2
2
2
3
10
7
*
12
7
4
1
1
4
5
4
1
1
4
17
200
15,142
9
10
2
10
400
290
life
121
8
19
2
12
6
3
13
43
16
42
3
7
3
7
21
9
28
29
15
27
15
9
52
24
58
40
43
40
20
22
27
89
47
85
18
7
38
25
20
15
9
116
3
2
2
1
6
28
2
19
19
*
20
5
8
2
4
5
2
8
1
1
14
2
186
pension
316
general and re
funds tirement
funds
783
22
27
3
11
11
5
41
12
16
36
4
5
6
4
23
24
14
9
7
2
6
10
37
4
10
30
6
1
3
10
3
1
37
4
12
29
9
4
13
21
15
6
1
Held by
all
other
inves
tors 2/
706
171
266
43
128
191
53
188
285
220
269
74
164
146
52
182
128
259
248
147
182
184
97
150
175
169
166
202
125
174
116
97
245
183
185
113
66
106
117
121
93
91
132
1
1
136
73
6
60
6
1
307
14
8
10
7
3
7
5
204
20
796
12
1,195
312
2
1,417
23
96
129
8,043
52
147
20
Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitat on see Table FD-9.
,
Excludes trust departments.
Included with all other investors are those banks, insurance companies
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
United States savings bonds, Series E are reported to the Treasury
,
Survey at maturity value but have been adjusted to current redemption
value for use in this table.
5/
6/
7/
8/
2/
*
Includes $11 million depositary bonds held by commercial banks not
included in the Treasury Survey.
Includes Export-Import Bank and Government National Mortgage
Association participation certificates.
Includes matured securities outstanding on which interest has
ceased.
Includes securities issued for use as collateral for short-term
borrowings
Obligations of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks.
Less than $500,000.
Treasury Bulletin
68
MARKET QUOTATIONS ON TREASURY SECURITIES,JUNE 30, 1971
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported' to
the Treasury by the Federal Reserve Bank of New York.
The securities listed include all regularly quoted public
marketable securities issued by the United States Treas
ury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)____
13-week
$2,000
2,001
2,001
2,001
2,000
2,000
2,001
2,101
2,102
2,101
2,101
2,203
26-week
13-week
26-week
$1,402
1,408
1.401
1,400
1,405
1,400
1.402
1,402
1.401
1.401
1.401
1,602
1,600
1,601
1,600
1.401
1.401
1,400
1,400
1.402
1,400
1,395
1,400
1,400
1,603
4/8/71
4/15/71
4/22/71
4/29/71
5/6/71
5/13/71
5/20/71
5/28/71
6/3/71
6/10/71
6/17/71
6/24/71
1/7/71
1/14/71
1/21/71
1/28/71
2/4/71
2/11/71
2/18/71
2/25/71
3/4/71
3/11/71
3/18/71
3/25/71
4/1/71
4/8/71
4/15/71
4/22/71
4/29/71
5/6/71
5/13/71
5/20/71
5/27/71
6/3/71
6/10/71
Amount outstanding
(millions)___
Bank discount
Issue date
Maturity
date
7/8/711/2/
7/15/711/2/
7/22/711/2/
7/29/711/2/
8/5/711/2/
8/12/711/2/
8/19/711/
8/26/711/
9/2/711/
9/9/711/
9/16/711/
9/23/71
9/30/71
10/7/71
L0/14/71
L0/21/71
LO/28/71
11/4/71
Ll/11/71
Ll/18/71
Ll/26/71
12/2/71
12/9/71
6/17/71 L2/16/71
6/24/71 L2/23/71
Change from
last month
Bid
9-month
one-year
9-month
$501
501
501
500
501
500
500
500
500
$1,202
1,204
1,202
1,201
1,201
1,201
1.199
1,201
1.200
1,201
1,201
1,200
11/2/70
11/30/70
12/31/70
2/1/71
3/1/71
3/31/71
4/30/71
6/1/71
6/30/71
Maturity
date
one-year
7/31/70
8/31/70
9/30/70
10/31/70
11/30/70
12/31/70
1/31/71
2/28/71
3/31/71
4/30/71
5/31/71
6/30/71
.83#
.73
.74
.74
.67
.67
.69
.70
.
70
.74
.74
.74
.
85
.
75
.
75
.74
.74
.69
.69
.69
.57
5.13#
5.05
5.07
5.07
5.02
5.02
5.03
5.04
5.08
5.11
5.11
5.11
5.22
5.13
5.13
5.12
5.12
5.13
5.13
5.13
5.13
5.23
5.24
5.24
5.38
Issue date
7/31/71
8/31/71
9/30/71
10/31/71
11/30/71
12/31/71
1/31/71
2/29/72
3/31/72
4/30/72
5/31/72
6/30/72
Bank discount
Bid
Change from
last month
5.25#
5.03
5.22
5.12
5.09
5.27
5.49
5.66
5.74
5.73
5.78
5.84
+ .88#
+ .
65
+ .8
5
+ .73
+ .69
+ .83
+ .96
+1.00
+1.02
+1.01
+1.03
Table MQ-2. - Treasury Notes
(Price decimals are 32nds)
Price
Amount
outstanding
(millions)
$ 2,257
963
5,836
800
2,688
5,310
2,037
3,452
2,286
5,844
1,839
3,141
4,507
10,284
7,212
5,148
6,760
7,680
3,739
2,697
4,194
5,163
2,264
8,388
72
34
33
34
30
34
42
8
31
3
Description
8-1/4#
5-3/8
7-3/4
4-3/4
7-1/2
4-3/4
6-3/4
5
6
7-3/4
8-1/8
7-3/4
7-1/4
5-5/8
5-3/4
5-3/4
6
5-7/8
6-1/4
6-1/2
7-1/2
8
7-3/4
6-1/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
_
_
_
_
_
-
_
_
_
_
_
-
_
_
-
_
_
_
-
footnotes at end of Table MQ-3.
8/15/71-F
11/15/71-B
11/15/71-G
2/15/72-A
2/15/72-C
5/15/72-B
5/15/72-D
8/15/72E
11/15/72-F
5/15/73-A
8/15/73-B
2/15/74-C
5/15/74-D
8/15/74-B
11/15/74-A
2/15/75-A
5/15/75-B
8/15/75-C
2/15/76-A
5/15/76-B
8/15/76-C
2/15/77-A
8/15/77-B
2/15/78-A
10/1/71-E0
4/1/72-EA
10/1/72-E0
4/1/73-EA
10/1/73-E0
4/1/74-EA
10/1/74-E0
4/1/75-EA
10/1/75-E0
4A/76-EA
Bid
100.16
99.31
100.26
99.12
100.28
98.27
100.14
98.20
99.20
102.16
103.06
102.14
101.08
96.20
97.02
96.26
97.26
96.20
98.14
98.22
102.10
104.16
103.16
96.16
98.24
96.14
94.06
91.24
89.16
87.12
85.10
83.12
81.26
80.02
Price range since first traded 1/
Yield
Change
from last
month
To
maturity
-.11
-.12
-.18
-.16
-.28
-.29
-1.03
-1.06
3.99#
5.42
5.45
5.79
6.05
6.13
6.23
6.29
6.29
6.31
6.49
6.72
6.76
6.84
6.74
6.76
6.65
6.83
6.65
6.82
6.96
7.02
7.04
6.92
6.58
6.44
6.41
6.57
6.60
6.59
6.59
6.57
6.46
6.44
-
-1.20
-1.29
-2.03
-2.07
-2.22
-1.16
-2.22
-2.14
-3.02
-2.22
-2.14
-2.16
-3.03
-3.03
-3.06
+.06
-.04
-.08
-.16
-.12
-.14
-.20
-.22
-.16
-.18
Change
from last
month
Issue
date
0#
+ .83
+ .
83
+ .86
+1.10
+1.11
+1.15 '
+1.13
2/15/70
11/15/66
5/15/70
2/15/67
8/17/70
5/15/67
11/16/70
5/17/71
6/29/71
10/1/69
2/15/70
8/15/70
11/15/70
8/15/68
11/15/67
2/15/68
5/15/68
2/15/71
2/15/69
5/15/69
10/1/69
2/15/70
8/15/70
2/15/71
10/1/66
4/1/67
10/1/67
4/1/68
10/1/68
4/1/69
10/1/69
4/1/70
10/1/70
4/1/71
-
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
.82
.5
8
.81
.8
1
.98
.
85
.86
.72
.87
.68
.59
.56
.63
.6
0
.6
1
.66
.5
6
.5
1
.54
.37
.33
.3
5
.33
.24
.24
High
Low
Price
Date
102.13
104.02
103.12
101.16
103.28
101.12
103.23
100.06
99.29
107.24
109.12
109.13
108.12
103.28
104.20
104.20
105.22
105.00
106.28
107.24
111.28
114.08
114.00
106.20
98.28
97.10
96.02
94.16
93.06
91.16
89.10
87.20
85.18
82.06
11/23/70
4/7/67
1/21/71
4/10/67
2/19/71
3/11/71
3/11/71
4/30/71
6/24/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/22/71
3/31/71
3/31/71
3/31/71
3/31/71
3/31/71
3/31/71
3/31/71
3/31/71
3/31/71
4/30/71
Price
100.
03r
95.03
99.20
92.24
100.04
91.30
100.14
98.20
99.20
99.14
100.03i
100.04
100.13i
89.22
89.22
89.18
90.00
96.20
91.20
92.16
97.28
99.31
98.28
96.16
84.16 •
85.12
83.18
81.20
79.04
76.00
73.30
74.26
76.16
80.02
Date
1/29/70
10/1/69
3/29/70
12/29/69
8/17/70
12/29/69
6/30/71
6/30/71
6/30/71
5/4/70
1/29/70
8/10/70
10/23/70
2/29/69
12/29/69
12/29/69
5/18/71
6/30/71
1/30/70
1/30/70
5/4/70
5/4/70
8/17/70
6/30/71
10/17/66
12/20/67
1/30/70
1/30/70
1/30/70
1/30/70
1/30/70
5/29/70
10/30/70
6/30/71
July 1971
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1971
Table MQ-3. - Treasury Bonds
(Price decimals are 32nds)
Price
Amount
out
standing
(millions)
$2,806
1,081
980
1,232
2,579
1,951
2,561
3,894
4,343
3,126
3,579
2,238
1,212
1,535
2,591
1,904
1,055
4,653
3,804
247
1,551
1,193
3,876
Description
Bid
4$
3-7/8
4
2-1/2
4
2-1/2
2-1/2
4
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
4
3-1/2
3-1/4
3-1/2
4-1/4
4
4-1/8
3
3-1/2
_
_
_
-
_
_
_
-
_
_
_
_
_
_
_
_
_
100.00
8/15/71
99.17
11/15/71
99.08
2/15/72
96.27
6/15/67-72
97.17
8/15/72
9/15/67-72
95.19
12/15/67-72
94.27
95.00
8/15/73
94.16
11/15/73
93.30
2/15/74
93.18
5/15/74
91.20
11/15/74
79.00
5/15/75-85
73.00
6/15/78-83
2/15/80
82.06
78.22
11/15/80
5/15/85 5/ 72.12
72.22
2A5/90!/
8/15/87-92 5/ 74.22
2/15/88-931/ 72.20
5/15/89-94 5/ 73.08
2/15/95 5/ 72.20
11/15/98 5/ 72.20
Change
from
last
month
+. 2
0
-.03
-.11
-.19
-.30
-.26
-.21
-1.18
-1.22
-1.22
-1.30
-1.30
-1.20
-.30
-1.18
-1.10
-.22
-.12
-1.16
-1.06
-.30
-.10
-.14
1/ In addition, an amount of $200.5 million i outstanding, representing
s
part of a strip issue dated April 6, 1971.
2/ In addition, an amount of $201.0 million i outstanding, representing
s
part of a strip issue dated May 25, 1971.
2/ Beginning April 1953, prices are closing bid quotations in the over
the counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued’ prices are included in the
1
Yield
Price range since first traded 2/
To first
call or
maturity
i/
Change
from
last
month
Issue
date
3.94$
5.14
5.24
5.95
6.31
6.35
6.26
6.56
6.67
6.68
6.75
6.69
6.58
6.54
6.76
6.58
6.26
5.94
6.46
6.34
6.36
4.98
5.43
-.32$
+.42
+.65
+.88
+.98
+.92
+.66
+.88
+.85
+.78
+.82
+.72
+. 1
2
+.15
+.29
+.23
+.11
+.04
+.14
+.13
+.10
+. 3
0
+.04
3/1/62
5/15/62
11/15/62
6/3/45
9/15/62
High
Low
Price
10/20/41
11A5/45
9A5/63
7/22/64
1/15/65
5A5/64
12/2/57
4/5/60
5/1/53
1/23/59
10/3/60
6/3/58
2/14/58
8/15/62
1/17/63
4A8/63
2/15/55
10/3/60
Date
101.27
100.28
101.20
106.16
101.20
109.18
106.16
99.30
100.01
99.28
101.07
110.24
105.28
111.28
103.18
97.24
101.04
106.26
104.10
100.11
100.26
101.12
95.14
2/26/62
12/26/63
12/26/62
4/16/46
12/26/62
4/16/46
4A6/46
3/22/71
1/12/64
3/22/71
1/12/64
4/22/58
5/5/67
8/4/54
5/12/61
5/12/61
6/1/58
4/21/58
12/26/62
1/16/63
8/28/63
6/18/55
5/12/61
Price
91.30
90.25
91.02
79.12
89.24
78.24
79.06
85.31
85.24
84.28
84.22
82.14
66.30
62.02
71.04
66.24
61.08
59.20
63.00
6.*
218
61.26
59.20
59.20
Date
8/29/66
8/29/66
10/1/69
1/6/60
12/29/69
1/6/60
1/6/60
12/29/69
12/29/69
12/29/69
12/29/69
12/29/69
5/26/70
5/26/70
12/29/69
6/24/70
5/26/70
5/26/70
5/26/70
5/26/70
5/26/70
5/26/70
5/26/70
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
On callable issues market convention treats the yields to earliest
call date as more significant when an issue i selling above par,
s
and to maturity when it i selling at par or below.
s
£/ Included in the average yield of long term taxable Treasuiy Bonds
as shown under "Average Yields of Long Term Bonds."
y
YIELDS OF TREASURY SECURITIES JUNE 30.1971
Based on Closing Bid Quotations
1972
1971
PERCENT
1973
1974
1975
1976
1977
1980
1979
1978
1981
7.5
7.0
7.0
I
M
6.5
*
*
6.5
*
«©
a
o
>
HH
o
6.0
6.Q
'
>
§
§
T
>
i
5.5
5.5
OD
Cj
3
M
o
a
w
PERCENT
X
5.0
65
.
w
CD
C
h
c
2
M
CO
o
LEGEND
■ High coupon issues - 7% % and higher
X Fixed maturity issues
• Callable issu es - plotted to earliest call date
when p rices are above par and to maturity
date when prices are at par or below
4.5
50
.
A 216% issues
* VA% exchange notes
+ B ills - coupon equivalent
4.0
55
.
45
.
18
90
'2
8
'8
8
'4
8
'0
9
'2
9
'4
9
'6
9
'8
9
3.5
1971
1972
1973
1974
1975
1976
1977
1978
1979
Note: The smooth curve is fitted by eye. M arket yields on coupon issues due in less than 3 months are excluded.
1980
1981
d
t33
ft
te
8
July 1971
71
__________________________________ AVERAGE Y IELD S OP LONG -TERM w n w n s
Table AY-1. - Average Yields of Treasury, Corporate and Municipal Bonds by Periods
Feb..........
May..........
July.........
Aug..........
Feb..........
Mar..........
Nov..........
Feb..........
Oct..........
Period
Aa new
corporate
bonds 2/
Treasury
bonds 1/
Period
4.37
4.22
4.08
4.18 i j
4.16
3.98
3.86
3.79
3.84 4/
3.91
3.93
3.88
3.89
3.81
3.78
3.80
3.73
3.88
3.90
4.00
4.02
3.98
3.98
4.06
4.08
4.09
4.01
3.89
3.88
3.90
4.02 U
3.98
3.94
3.89
3.87
3.87
Treasury
bonds 1/
1960
5.34
5.24
4.98
4.97
4.95
4.91
4.79
4.65
4.64
4.75
4.82
4.94
1961
4.63
4.43
4.37
4.57
4.67
4.82
4.81
4.79
4.72
4.60
4.52
4.58
1962
4.56
4.53
4.41
4.37
4.32
4.30
4.41
4.39
4.28
4.26
4.23
4.28
Aa new
corporate
bonds 2/
I B. A.
.
new Aa
municipal
bonds 2/
I B. A.
.
Treasury
new Aa
municipal bonds 1/
bonds 2/
Monthly series - averages of daily or weekly
Treasury
bonds 1/
3.65
3.45
3.45
3.43
3.40
3.35
3.40
3.15
3.30
3.35
3.20
3.25
3.89 V
3.92
3.93
3.97 i j
3.97
4.00
4.01
3.99
4.04
4.07
4.11
4.14
3.30
3.20
3.35
3.45
3.25
3.50
3.43
3.45
3.40
3.30
3.35
3.45
4.15
4.14
4.18
4.20
4.16
4.13
4.13
4.14
4.16
4.16
4.12 %/
4.14
3.25
3.15
3.10
2.95
3.05
3.15
3.20
3.08
3.05
2.95
2.90
3.00
4.14
4.16
4.15
4.15
4.14
4.14
4.15
4.19
4.25
4.28
4.34
4.43
Aa new
corporate
bonds 2/
1963
4.22
4.25
4.28
4.35
4.36
4.32
4.34
4.34
4.40
4.37
4.42
4.49
1964
4.50
4.39
4.45
4.48
4.48
4.50
4.44
4.44
4.49
4.49
4.48
4.49
1965
4.45
4.45
4.49
4.48
4.52
4.57
4.57
4.66
4.71
4.70
4.75
4.92
2.98
3.00
2.95
3.00
3.00
3.10
3.08
3.00
3.10
3.10
3.20
3.15
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
3.08
3.05
3.15
3.18
3.15
3.20
3.10
3.10
3.15
3.15
3.12
3.10
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
3.00
3.08
3.10
3.05
3.10
3.20
3.20
3.15
3.30
3.30
3.35
3.45
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
Aa new
corporate
bonds 2/
1966
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
I. B. A.
new Aa
municipal
bonds 2/
Period
1971:
M r 5-a.
12__
19....
26__
5.94
5.78
5.65
5.5^
7.94
7.74
7.56
7.40
5.75
5.22
4.95
4.70
A r 2....
p.
9....
16. .
..
23....
30....
5.64
5.66
5.73
5.82
5.81
7.45
7.56
7.65
7.82
8.00
4.80
5.00
5.17
5.40
5.70
Aa new
corporate
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
I. B. A.
new Aa
municipal
bonds y
ieries
s
I B. A.
.
new Aa
municipal
bonds 3/
Treasury
bonds l/
I B. A.
.
new Aa
municipal
bonds 2/
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 1/
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 1/
5.97
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
Period
5 .lit
Treasury
bonds 1
J
1969
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
9.00
8.84
9.00
9.09
9.53
9.70
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
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.20
5.40
5.10
5.00
5.11
5.80
5.89
I B A.
. .
Aa new
new Aa
corporate municipal
bonds 2/ bonds 2/
Weekly series - average for weeks ending 1971:
Jan. 8....
15....
22__
29....
6.10
5.95
5.83
5.78
7.96
7.73
7.38
5.50
5.45
5.00
4.90
Feb. 5-12-19-26. .
..
5.80
5.78
5.83
5.91
7.35
7.32
7.56
7.94
5.15
5.23
5.00
n.a.
7.kS
1/ Treasury band yields are based on a composite of closing bid quota
tions in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds
rated Aa by Moody's Investors Service. The series is calculated to
reflect bonds with no call protection. Currently 5 years of call
1971J
May
7....
14__
21__
28-June
4....
11-18. .
..
25....
5.92
5.96
6.04
5.90
8.10
8.21
8.42
8.26
5.60
5.60
5.97
5.97
5.79
5.89
6.06
5.98
8.06
8.14
8.23
8.17
6.15
5.58
5.82
5.93
protection is valued at 15 basis points.
Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Investment Bankers Association of America . Weekly series
are not available prior to January 1970.
4/ One or more new long-term bonds added to the average.
j / An existing bond dropped from the average.
?
n.a. Not available.
2/
AVERAGE YIELDS OF LONG - TERM TREASURY, CORPORATE AND MUNICIPAL BONDS
1962
1961
%
1963
1964
1965
111I I|ITJTT i rjnjTi |n lTjTT| i q I I n j r T p r f n
1967
1966
11111111111 T r p r p 11ti
1969
1968
1970
1971
111 1TJ11 fT 1 i 111111 n 11 111111ii111 i nTiyrr[Tr
'
II|It|IT] II
A
II
1 1
* 4 i
kv A
... .— "m mi J
r
1 V
*
1
1
/
M o r ithly A v e r a iges
9.0
9.0
i
l
i*
i
i
/
8.0
V
t J
/
j
J
7.0
J
x
7.0
/
1
#
6.0
#•
i•
•
*
# • V
t 1
ml
N ew A a
\
\
6.0
t
C ln p o r a t e B o n d
I
/
8.0
7>03S<t r y B o n d s
.
V
/
/
v '
/
#
5.0
\ /
V
V
m
' v
...
/( / V *
***
V
5.0
/
V *
7
&L
4.0
j
j
/
r
•
... .
47
/
•
•
•
*
4.0
I .B .A . N e w A a
M u r lic ip a l B o n d s
\
r
3.0
1 Ii1LI 111 .IX
19 61
s
*
IJ1 I I I IL II I I II 111111 m 111 11111111111
..
I
1962
1963
1964
1965
3.0
m
11111111 111 11111 1 I 1111111 l L lj_ 11111111111
1
I
1966
1967
1968
1969
i i I lull i llll lllll 1 1
l I
1970
1 97 1
July 1971
73
EXCHANGE STABILIZATION FUND,
Table ESF-2. - Income and Expense
January 31, 1934 through
June 30 1970
,
January 31, 1934 through
March 30, 1971p
$141,
841,
860.10
$145,531,838.69
3,473,362.29
3,473,362.29
102,735.27
102,735.27
Investments...............................................
1,369,608.84
1,374,108.84
Miscellaneous.............................................
175,379.29
182,
1163.15
181,908,354.05
188,839,062.95
Special drawing rights......................................
127,012.00
510,
068.00
Foreign balances...........................................
143,499,774.10
160,810,950.53
472,498,085.94
500,824,589.72
Personnel compensation and benefits..............................
51,628,224.98
55,742,943.61
Classification
Income:
Profits on transactions i :
n
Gold and exchange (including profits from
handling charges on gold)...................................
Sale of silver to U S Treasury...............................
. .
Silver..................................................
Interest on
:
Investments...............................................
Total income...............................................
Expense:
Travel....................................................
3,118,242.35
3,377,225.28
Transportation of things......................................
3,953,215.06
3,982,711.76
Rent, communications, and utilities..............................
1,550,883.47
1,703,155.08
Total expense...............................................
Net income..................................................
p
Preliminary.
432,076.40
461,932.69
11,333,277.67
Supplies and materials........................................
12,290,077.35
72,015,919.93
77,558,045.77
400,482,166.01
423,266,543.95
Treasury Bulletin
74
F.YP.HANft’R STABILIZATION F i m n
Table ESF-1. - Balance Sheets as of June 30, 1970 and March 31, 1971p
June 30, 1970
Assets:
Cash:
With Treasurer of the United States.......................
With Federal Reserve Bank of New York, special account........
Imprest fund........................................
March 31, 1971p
$ 321,396,629.18
298,860,367.00
1,500.00
$500,339,251.92
264,860,367.00
1,500.00
Total cash..........................................
$ 620,258,496.18
$ 765,201,118.92
Special drawing rights...................................
Special account of Secretary of the Treasury with Federal Reserve Bank
of New York - Gold......................................
957,188,497.00
1,442,588,497.00
522,042,903.20
231,256,261.63
Foreign exchange due from foreign banks: 1/
Banque Nationale de Belgique............................
Bank of Canada......................................
Deutsche Bundesbank...................................
Bank of England......................................
Banca d1
Italia.......................................
Sveriges Riksbank....................................
Banque Nationale Suisse................................
Bank for International Settlements.......................
7,058.40
20,686.26
2,751,639.52
218,740,975.90
9,777,090.29
4,952.77
13,074.51
177,870,897.32
7,058.40
20,686.26
2,741,955.16
99,363.96
197,667.81
4,952.77
10,766.63
188,490,099.28
Investments i :
n
U S Government securities.............................
. .
Foreign securities...................................
12,
400,
000.00
32,771,217.69
881,674,190.54
31,112,000.00
Prepaid expense.........................................
436.17
601.14
Accrued interest receivable - U S. Government securities.........
.
Accrued interest receivable - SDR Holdings....................
Accrued interest receivable - foreign........................
27,691.55
2,329,744.00
3,548,435.28
2,359,067.26
15,1 65 00
25, $..
Accounts receivable......................................
112,833.15
85,248.49
Deferred charges........................................ .
Furniture and equipment...................................
Less allowance for depreciation...........................
650,000.00
266,717.26
99,509.79
167,207.47
450,000.00
277,958.07
115,583.23
162,374.84
Land and structures...................................... .
150,000.00
150,000.00
Total assets........................................... .
2,560,833,836.66
3,561,737,564.09
Liabilities a f capital;
nl
Accounts payable:
Vouchers payable..................................... .
Miscellaneous....................................... .
1,007.57
15,450,337.44
3,031,995.52
Total accounts payable................................ .
3,031,995.52
15,451,345.01
Contractual obligations............. •
.................... .
650,000.00
450,000.00
Special deposit accounts.................................. .
7,000,000.00
6,000,000.00
Advance from U. S. Treasury ( . S drawings on I.M.F.)........... .
U .
Special drawing rights certificates...........................
Deferred liability - EM revaluation...........................
650,000,000.00
400,000,000.00
32,789,675.13
900.000.000.00
400.
000.
000.00
32,789,675.13
Special drawing rights allocations.......................... .
Capital account......................................... .
Deduct subscription to International Monetary Fund........... .
866,880,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
1,583,780,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
Net income (see Table 2).................................. .
400,482,166.01
423,266,543.95
Total liabilities and capital.............................. .
2,560,833,836.66
3,561,737,564.09
Note:
Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those
for succeeding years appear in subsequent reports. Quarterly balance
sheets beginning with December 3 1938, have been published in the
1,
Treasury Bulletin.
l/ Excludes foreign exchange transactions for future and spot delivery,
p Preliminary,
75
July 1971
INTERNATIONAL FINANCIAL STATISTICS
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position. A number of changes
were introduced in the May 1967 Bulletin to increase the use
fulness of this section.
Table IFS-1 shows the reserve assets of the United
States, including its gold stock, special drawing rights held
in the Special Drawing Account in the International Monetaiy
Fund, holdings of convertible foreign currencies, and re
serve position in the International Monetary Fund.
Table IFS-2 brings together the various statistical com
ponents of the liabilities which enter into the United States
balance of payments calculated on the liquidity basis. The
inclusion of the United States reserve position in the In
ternational Monetary Fund in Table IFS-1 requires that the
foldings of dollars” of the Fund be excluded from the data
on liabilities to foreigners, in order to avoid double count
ing.
Table IFS-3. presents an area breakdown of United States
liquid liabilities to official institutions of foreign coun
tries .
Table IFS-4 shows United States Treasuiy 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.
-6
Table IFS
presents United States net monetaiy gold
transactions with foreign countries and international and
regional organizations.
Table IFS-1. - U.S. Reserve Assets
( n millions of dollars)
I.
Gold stock 1/
End of
calendar year
or month
1957.......................
1960.......................
1961.......................
1962.......................
1963.......................
1964.......................
1965.................... .
1966.......................
1967.......................
1968.......................
1969.......................
1970.......................
1970-June....................
July....................
Sept....................
Nov....................
Dec....................
1971-Jan....................
Feb....................
Mar....................
May....................
June....................
1/
2J
ij
Total
reserve
assets
Total 2/
Treasury
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
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,892
11,859
11.072
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10,367
10,367
10,732
16,328
16,065
15,796
15,527
15,120
14,891
14,487
14,699
14,534
14,342
14,307
13,8llr
13,504
11,889
11,934
11,817
11,494
11,495
11,478
11,072
11,040
11,039
10,963
10,925
10,568
10,507
11,367
11,367
11,367
11,117
11,117
11,117
10,732
10,732
10,732
10,732
10,732
10,332
10,332
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 in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See 1
1
Account
of the Treasurer of the United fetatep," Table TUS-4.
Includes initial allocation on January 1 1970, of $867 million and
,
second allocation on January 1 1971 of $717 million of special draw
,
ing rights (SDR) in the Special Drawing Account in the International
Monetary Fund, plus or minus transactions in SD
R.
Includes holdings of Treasury and Federal Reserve System.
Special
drawing
rights 2/
Convertible
foreign
currencies i j
_
Reserve
position in
International
Monetary Fund j /
>
_
_
-
116
99
212
432
781
1,321
2,345
3,528
2,781 2/
629
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
1,132
716
695
1,098
811
640
629
491
327
256
257
318
322
2,350
2,454
2,323
1,944
1,823
1,812
1,935
1,700
1,700
1,680
1,682
1,678
1,428
_
_
_
_
_
_
_
_
-
-
851
957
961
961
991
991
961
851
1,468
1,468
1,443
1,443
l,247r
1,247
The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts equal to the United States quota. See Table IFS-5.
6/ Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 2 1966. In figures published by the
3,
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
2/ Includes gain of $67 million resulting from revaluation of the German
mark in October 1969, of which $13 million represents gain on German
mark holdings at time of revaluation. See also footnotes 3 and 4
,
Table IFS-4.
r Revised.
Treasury Bulletin
76
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2. - U.S. Liquid Liabilities to Foreigners
(in millions of dollars)
Old of
calendar year
or month
1957..........
1958..................................................
1959..........
Total
liquid
liabil
ities
to all
for
eigners
15,825 7/
16,845 7/
19,428
1962 8/........
1963 8/........
1964 8/........
1965...........
io££ f/
t
10^7 f/
t
i £ t f/
of t
1q6q f/
t
1970..........
1970-Apr.......
May.......
June.......
July.......
Aug.......
Sept.......
Oct.......
Nov.......
Dec.......
1971-Jan.......
Feb.......
Mar.......
Apr. p.....
Total
200
200
500
800
800
800
800
800
800
Gold
Gold
invest
deposit ment
1/
2/
_
-
29,115
f 29,904
< 29,779
f33,271
( 33,119
k33,828
33,614
'41,776 2/
41,900
43,277
1,011
1,011
1,033
1,033
1,030
1,030
1,019
1,019
566
_
_
_
_
_
34
211
211
233
233
230
230
219
219
166
43,359
43,223
43,380
43,509
44,008
44,216
44,261
44,488
43,277
43,785
44,110
45,531
1777
*,2
1,010
1,010
1,010
1,010
1,010
587
587
579
566
559
559
559
548
210
210
210
210
210
187
187
179
166
159
159
159
18
4-
[20,994
21,027
O/
1901 OJ........
Liabilities to International
Mpnetary Fund arising from
gold transactions
[22,853
122,936
"24,068
24,068
'
26,361
26,322
^28,951
29,002
800
800
800
800
834
Liabilities to foreign countries
Official institutions 3/
Short
term
liabil
ities
Total reported
by
banks in
U. S
.
12,484
12,539
14,034
14,027
11,318
11,318
11,9922/ !11,054
11,056
11,994
20,066
19,293
13,605
13,986
14,480
15,756
15,776
16,932
17,376
19,210
19,293
19,727
21,509
24,049
26,515
380
382
397
417
417
417
326
326
344
344
349
349
349
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
12,748
12,714
800
800
800
800
800
14,387
14,353
15,428
15,424
800
800
800
800
800
400
400
400
400
400
400
400
400
Market
able
U. S
.
Gov't
bonds
and
notes
V
n.a.
n.a.
966
866
876
890
890
751
751
1,217
1,183
1,125
1,125
1,105
860
860
908
908
529
462
383
383
344
200
200
500
800
800
800
800
800
800
800
800
800
800
800
800
800
800
400
Liabilities to nonmonetary
international and regional
Banks and other foreigners organizations £/
15,372
13,600
13,655
15,653
15,646
12,548
12,481
14,414
14,797
15,306
16,602
16,622
17,778
18,131
19,965
20,066
20,500
22,287
24,827
27,293
7,917
8,665
9,154
10,212
10,212
10,940
10,940
11,997
11,963
12,^67
12,467
13,224
13,220
13,066
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 to statistics following in this section and in the
"Capital Movements” section, except for minor rounding differences.
Table excludes International Monetary Fund "holdings of dollars," and
holdings of U.S. Treasury letters of credit and nonnegotiable, noninterest-bearing special U.S. notes held by other international and
regional organizations. The liabilities figures are used by the
Department of Commerce in the statistics measuring the balance of
international payments of the United States on the liquidity basis;
however, the balance-of-payments statistics include certain adjustments
to Treasury data prior to 1963 and some rounding differences, and may
differ because of varying timing in incorporating revisions of Treas
ury data. The table does not include certain nonliquid liabilities to
foreign official institutions which enter into the calculation of the
official reserve transactions balance by the Department of Commerce.
1/ Represents liability on gold deposited by the International 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.
2/ U.S. Government obligations at cost value and funds awaiting investment obtained from proceeds of sales of gold by the International
Monetary Fund to the United States to acquire income-earning assets.
Upon termination of investment, the same quantity of gold can be
Non
market
able
convert
ible U. S
.
Treasury
bonds
and
notes
.
_
_
_
703
703
1,079
1,079
1,201
Short
term
liabil
ities
Total reported
by
banks in
.. S
U .
n.a.
n.a.
7,618
7,591
7,598
8,275
8,S57
8,359
8,359
9,214
9,204
11,001
11,056
11,478
n.a.
n.a.
541
14,387
14,208
15,894
15,763
19,525
19,381
555 2J 28,106
28,224
555
21,803
429
13,859
13,680
15,336
15,205
18,916
18,916
27,577
27,695
21,164
429
429
429
429
429
429
429
429
429
429
429
429
429
26,685
26,212
25,847
24,597
24,971
24,521
24,165
22,573
21,164
20,989
19,604
18,361
17,937
485
501
536
542
562
567
565
586
639
686
684
673
678
27,170
26,713
26,383
25,139
25,533
25,088
24,730
23,159
21,803
21,675
20,288
19,034
18,615
Short
term
liabil
ities
Total reported
by
banks in
U.S. 6/
n.a.
n.a.
1,190
543
1,525
550
1,541
516
1,948
516
1,9^9
448
2,161
448 I 2,195
1,960
351
341
1,965
1,722
376
1,722
376
472
1,431
528
528
558
558
609
465
529 1
529
639
256
256
711
711
701
701
!
5,724
5,950
7,077
7,048
7,048
7,759
7,841
7,9H
7,9H
8,863
8,863
10,625
10,680
11,006
Market
able
U. S
.
Gov't
bonds
and
notes
i/
t
542
552
530
750
750
703
704
1,250
1,284
808
808
818
. 818
906
905
691
677
725
722
659
663
842
679
581
580
487
473
683
683
609
613
817
765
703
681
758
843
763
813
785
842
1,051
976
1,111
1,271
714
652
629
705
798
717
768
738
817
1,027
935
971
1,131
Market
able
U. S
.
Gov't
bonds
and
notes
V
n.a.
n.a.
660
775
791
1,245
1,245
911
911
1,152
1,157
904
904
752
325
325
204
204
42
39
50
50
25
51
51
52
53
45
46
45
47
25
24
41
140
i4 o
reacquired by the International Monetary Fund.
3/ Includes Bank for International Settlements and European Fund.
Xj Derived by applying reported transactions to benchmark data; break
down of transactions by type of holder estimated 1960-1963. In
cludes securities issuedby corporations and other agencies of the
United States Government, which are guaranteedby the United States.
5/ Principally the International Bank for Reconstruction and Develop
ment and the Inter-American Development Bank.
6/ Includes difference between cost value and face value of securities in
IMF gold investment account. Liabilities data reported to the Treasury
include the face value of these securities, but in this table the cost
value of the securities is included under "Gold investment.” The
difference, which amounted to $19 million as of the end of 1970, is
included in this column.
Includes total foreign holdings ofU.S. Government bonds andnotes,
7/
for which breakdown by type of holder is not available.
8/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
£/ Includes $17million increase in dollar value of foreign currency lia
bilities resulting from revaluation of the German mark in October 1969.
n.a. Not available.
p Preliminary.
July 1971
77
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liquid Liabilities to Official Institutions of Foreign Countries, by Area 1/
(In millions of dollars)
End of
calendar year
or month
Total
foreign
countries
1967....................
14,353
15,424
15,372
f 13,600
^13,655
15,646
1968 y .................
Western
Europe
2/
8,445
9,220
8,608
f 12,548
^12,481
1963....................
1964....................
1965....................
1066 hi
Feb.................
%
Africa
2,731
3,020
3,300
154
160
194
277
277
249
259
248
546
253
225
224
222
407
725
744
710
691
692
661
526
449
407
381
325
242
257
355
245
282
352
382
390
334
338
340
35
5>
323
343
413
530
533
532
495
1,131
1,354
1,354
1,681
662
733
762
500
527
690
620
575
637
662
678
727
801
818
7,009
7,001
5,860 5/
13,046
6,942
7,311
8,064
9,569
9,674
11,171
11,589
13,254
13,046
13,702
15,382
17,149
19,170
1,536
2,101
2,066
2,109
2,102
1,987
1,738
1,767
1,646
1,536
1,370
1,341
1,218
1,227
4,060
3,668
3,632
3,571
3,331
3,189
3,254
3,336
3,639
4,060
4,046
4,169
5,004
5,291
foreign countries, as reported by banks in the United States, and foreign
official Vrtf i gf of marketable and convertible nonmarketable U. S
ln l
.
Government securities withan original maturity of more than one year.
Includes Bank for International Settlements and European Fund.
Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
£/
p
Other
countries
i/
17^
178
245
228
228
Asia
3,284
3,339
3,145
3,168
3,122
3,190
1,189
1,189
996
9,872
20,066
14,414
14,797
15,306
16,602
16,622
17,778
18,131
19,965
20,066
20,500
22,287
24,827
27,293
Sept............. .
Oct.................
Nov............. .
Dec.................
1,7$9
1,608
1,528
7,488
7,488
11,994 5/
1970...................
1970-Apr.................
May.................
June.... .
July................
Latin
American
Republics
1,058
1,238
1,497
1,134
1,134
Canada
in reporting coverage. Figures . n the first line are comparable
o
in coverage to those shown for the preceding date; figures an the
second line are comparable to those shown for the following date.
Includes $17 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969,
Preliminary.
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in foreign currencies
Payable in dollars
End of
calendar
year
or month
Total
Total
Thai
Belgium Canada Denmark Germany Italy Korea Sweden Taiwan land Total
2/
1/
■
_
_
1962......
1963......
1964......
1965......
1966......
1967......
1968......
1969......
1970......
251
893
1,440
1,692
695
1,563
3,330
3,181 y
3,563
_
163
354
484
353
516
1,692
1,431
2,480
32
32
32
125
329
299
144
314
1,334
1,129
2,289
1970-June. .
..
July.. .
.
Aug...
Sept. ..
.
Oct...
Nov...
Dec...
1971-Jan...
Feb...
Mar...
Apr...
May...
June. .
..
3,511
3,508
3,508
3,508
3,567
3,564
3,563
3,563
3,563
3,563
3,563
3,592 5/
6,592
2,428
2,425
2,425
2,425
2,484
2,481
2,480
2,480
2,480
2,480
2,480
2,480
5,480
32
32
32
32
32
32
32
32
32
32
32
32
32
2,229
2,229
2,229
2,229
2,289
2,289
2,289
2,289
2,289
2,289
2,289
2,289
2,289
-
_
-
_
-
20
-
-
_
_
-
_
_
-
3,000
13
160
184
177
146
135
25
15
15
15
32
29
29
29
28
25
25
25
25
25
25
25
25
15
15
15
15
15
15
15
15
15
15
15
15
15
-
'
Note:
For further information, see "Public Debt Operations," Tables
PDO-8 and 9
.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were #204 million, September 1964 through October 1965; #174 million,
November 1965 through October 1966; #144.million, November 1966 through
October 1967; #114 million, November 1967 through October 1968;
#84 million, November 1968 through September 1969; #54 million,
October 1969 through September 1970; and #24 million, October 1970
through latest date.
2/ Bonds issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to #125 million
_
25
25
25
25
25
25
*
_
.
-
'
_
Bank for
Inter
Switzer national
Austria Belgium Germany Italy land
Settle
y
ments
20
20
20
100
100
100
_
251
730
50
1,086
50
1,208
101
342
25
50
1,047
1,638
50
1,750 4/
1,083
-
20
20
20
20
20
20
20
20
20
20
20
20
20
100
100
100
100
100
100
100
100
100
100
100
100
100
1,083
1,083
1,083
1,083
1,083
1,083
1,083
1,083
1,083
1,083
1,083
1,1115/
1,111
-
-
_
_
30
30
30
30
60
-
275
679
602
50
601
1,051
1,084 y
542
-
_
_
-
-
-
542
542
542
542
542
542
542
542
542
542
542
542
542
-
200
200
125
125
125
226
125
_
-
51
175
257
257
111
211
311
541
541
541
541
541
541
541
541
541
541
541
541
541
569 5/
569
-
70
93
_
_
-
'
'
equivalent were issued ■o a group of German commercial banks in
o
June 1968. The revaluation of the German mark in October 1969 in
creased the dollar value of these notes by #10 million. See also
footnote 7, Table IFS-1.
l j Includes an increase in dollar value of #84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
*/ Increase in valuation resulted from redemption of outstanding Swiss
j
franc securities at old exchange rate and reissue of securities at new
exchange rate with sam9 maturity dates, at time of revaluation of Swiss
franc. The new issues include some certificates of indebtedness issued
to replace notes which were within a year of maturity.
Treasury Bulletin
78
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5. - U.S. Position in tfhe International Monetary Fund
(In millions of dollars)
IMF holdings
of dollars at
end of period
Transactions affecting IMP holdings of dollars
during period_____________
U.S. transactions with IMF
Calendar year
or month
1946-57...
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5 .
196 6 .
196 7
196 8 .
196 9 .
197 0 .
1970-June
July
Aug.
Sept
Oct.
N
ov.
Dec.,
1971-Jan.,
Feb.
Mar.
Apr.
May.
June
Payments
of
subscrip
tions in
dollars
2,063
Net
gold
sales
by IMF
1/
Trans
actions
in
foreign
curren
cies 2/
IMF net
income
in
dollars
Purchases
of
dollars j/
-2,670
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
827
271
442
580
521
719
207
5
150
-45
-2
2
11
16
17
16
18
12
15
20
20
19
25
250
2
1
10
-3
1
-1
3
-2
-139
-20
-16
-34
-95
-73
-23
250
-3
-2
1
600
1,031
150
525
435
680
776
1,155
1,155
22
712 6/
Transactions by
other countries
with IMF
-84
132 6/
129
104
315
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 to $6,700 million in December 1970. 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
deposit or gold investment (see Table IFS-2).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures repre
sent repurchases of dollars, including dollars derived from charges on
purchases and from other net dollar income of the Fund. The United
States has a commitment to repurchase within 3-5 years, but only to the
extent that the Fund’ holdings of dollars exceed 75 percent of the U.S.
s
quota. Purchases of dollars by other countries reduce the U.S. commit
Percent
of
U S
. .
quota
U S
. .
reserve
position
in IMF
at end of
period
Total
change
Amount
.
268
741
775
17
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4.765
28
29
52
62
59
74
75
81
85
94
92
75
55
71
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 i/
326
420
1,290
2,324
1.935
7
33
150
253
29
1
21
11
#
20
1
7
1
10
-104
131
379
121
11
1,417
235
#
20
-2
4
250
2,810
2,706
2,837
3,216
3,337
3,348
4.765
5,000
5,000
5,020
5,018
5,022
5,272
54
52
55
62
65
65
71
75
75
75
75
75
79
2^350
2,454
2,323
1,944
1,823
1,812
1.935
1,700
1,700
1,680
1,682
1,678
1,428
Repur
chases
in
dollars
u
ment to repurchase by an equivalent amount.
J/ Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund1 holdings of dollars), which is
s
the amount that the United States could purchase in foreign currencies
automatically if needed. Under appropriate conditions, the United
States could purchase additional amounts equal to the United States
quota.
*/ Includes $259 million gold subscription to the Fund in Jqne 1965 for
j
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
6/ Includes $30 million of special drawing rights. * Less than $500,000.
July 1971
79
TNTF.RNATTONAT. FINANCIAL STATISTIC!Si
Table IFS-6. - U.S. Net Monetary Gold Transactions with Foreign Countries
and International and Regional Organizations
(In millions of dollars at $35 per fine troy ounce; negative figures represent net sales ty the United States; positive figures, net acquisitions)
r
1970
Calendar year
1971
Area and country
1968
1969
-2
-12
80
-23
19
-85
-30
*
-879
-5
-58
600
-11
-209
-19
-50
3
-835
_
-90
4
25
325
500
-1
-76
-25
-18
200
36
Total Western Europe...................
-659
-980
-669
Canada...............................
200
150
Latin American Republics:
Argentina...........................
Brazil.............................
Colombia-...........................
Mexico.............................
Peru...............................
Venezuela...........................
Other..............................
-39
-3
7
10
_
-16
Total Latin American Republics...........
Western Empire:
Austria.............................
Belgium.............................
Denmark.............................
France.............................
Germany.............................
Greece.............................
Italy..............................
Netherlands... ......................
Spain..............................
Switzerland..........................
Turkey.............................
United Kingdom.......................
Bank for International Settlements........
Other..............................
1966 .
-25
-13
-601
-1
-60
-
1967
1970 1/
Jan.Mar.
Apr.June
JulySept.
Oct.Dec. 3/
Jan.Mar.
_
_
_
_
_
-15
*
5
_
_
-2
1
_
-2
_
_
_
-20
51
-50
-5
_
_
-1
969
-204
4
-1
-27
-180
-85
50
-
-
-
-
-
-
-
-1
-1
*
-10
35
-14
-25
*
_
-40
-25
*
-12
-18
-28
-23
-1
-25
-13
_
-42
-5
-1
*
_
-1
*
*
_
-9
_
-3
_
-1
-23
-23
_
-25
-10
-31
_
*
*
-
-
-
-
-
_
*
_
-
-
-2
-129
-10
-
-50
51
-50
1
_
_
_
-129
_
-10
_
-30
-25
_
9
_
_
-21
-75
15
*
_
-41
9
-65
-54
-131
-7
-9
-4
-111
*
Asia:
Japan...............................
Other..............................
-56
-30
-44
-366
42
-119
-95
24
-1
-39
-119
-79
-15
Total Asia..........................
-86
-44
-366
42
-213
24
-1
-39
-197
-15
-19
-157
-66
-9
-70
-1
-2
-4
-64
-1
Africa:
1
Total Africa.........................
Other countries:
Total other countries..................
-3
-9
-2
9
-11
-
-
-
-11
-
Total foreign countries............. ....
-608
-1,031
-1,118
957
-631
20
-14
-73
-563
-102
International and regional organizations 2/...
177
22
-3
10
-156
24
-
-322
142
-7
-431
-1,009
-1,121
967
-U
-395
Grand total...........................
1/
Includes in 1970 total (Oct.-Dec. 1970) the U.S. payment of $385
million increase in its gold subscription to the IMF and gold sold
by the IMF to the United States in mitigation of U.S. sales to other
countries making gold payments to the IM
F. The country data include,
for the same period, gold sales by the United States to various
countries in connection with IMF quota payments. Such sales to
-787 1/
44
-422 1/
-109
countries and resales by the IMF totaled $548 million each.
2/ Includes International Monetary Fund gold sales to and purchases
from the United States, gold deposits by the IMF (see Table IFS-2,
footnote 1 and withdrawal of deposits. The first withdrawal,
)
amounting to $17 million, was made in June 1968.
* Less than $500,000.
Treasury Bulletin
80
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935>
pursuant to Executive Order
of January 15, 193^, Execu
tive Order 10033 of February , 19^9, &nd Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries axe published monthly
in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics axe then consolidated, and are published by the Treasury
as promptly as possible.
6560
8
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
,
. l/
31 1963
The present form of the published presentation of the
"Capital. Movements" statistics was introduced in the May
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.
1969
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they axe known by reporting institutions
to be acting on behalf of foreigners.
In general, data axe reported opposite the foreign coun
try or geographical, area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks axe reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which axe included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one 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 coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branches, agencies, subsidiaries, and other af
filiates in the United States of foreign firms. Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, in
cluding the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $
is applicable to reports in each of
these categories. Twice a year they also report their short
term dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, non
banking concerns, report monthly their transactions in secur
ities with foreigners; the applicable exemption level is
$100,000.
500,000
Quarterly reports are filed by exporters, importers, in
dustrial and comnercial concerns, financial, institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims are $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of
million or more.
The foreign credit and debit balances of securities brokers
and dealers axe reported quarterly; the exemption level ap
plicable to these reports is $
,
.
$1
100 000
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
axe published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the same statis
tical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment" of the Fund, however, axe included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional, organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
July 1971
81
CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Comnerce 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 «.n 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-1+). 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 & £ 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 and sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for
, 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.
1969
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions axe published by
the Department of Comnerce in its regular reports on the
United States balance of payments.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
82
.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
Official institutions 1/
Banks and other foreigners
Payable in dollars
Payable
Payable : in
Total
Total
Other
foreign
in
Banks
foreigners
currencies
dollars
End of
calendar year
or month
Total
short
term
liabili
ties
1 7.
95 .-........
14,383
13,641
7,917
7,917
-
5,724
1958..........
15,367
14,615
8,665
8,665
-
1959..........
17,261
16,231
9,154
9,154
I960..........
18,701
17,260
10,212
1961 y .......
f20,015
120,098
18,699
18,781
1962 y .......
f21,958
\ZL,958
Total
International and regional
Payable
in
Total
foreign
currencies
IMF
gold
invest
ment zJ
Non
monetary
interna
tional and
regional
y
3,413
2,252
742
200
59
542
5,950
3,460
2,430
59
752
200
552
-
7,076
4,601
2,398
77
1,031
500
531
10,212
-
7,047
4,705
2,230
113
1,442
691 y
751
10,940
10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
2,356
2,357
104
104
1,317
1,317
613 u
613 u
704
704
19,907
19,874
11,997
11,963
11,949
11,915
48
48
7,911
7,911
5,251
5,251
2,564
2,564
95
95
2,050
2,084
800
800
1,250
1,284
22,877
21,330
12,467
12,437
30
8,863
5,713
3,046
104
1,547
739
808
f25,467
1 25,518
23,849
23,900
13,224
13,220
13,224
13,220
-
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
25,551
24,072
13,066
13,066
-
11,006
7,360
3,587
59
1,479
800
679
1966 y .......
^27,724
^27,599
26,343
26,219
12,484
12,539
11,968
12,022
517
517
13,859
13,680
10,023
9,864
3,743
3,743
93
72
1,381
1,381
800
800
581
. 581
1967 y .......
f30,657
\30,505
29,370
29,232
14,034 .
14,027
13,882
13,876
152
152
15,337
15,205
11,132
11,008
4,128
4,120
77
77
1,287
1,273
800
800
487
473
31,717
30,234
11,318
10,855
463
18,916
14,298
4,444
173
1,483
800
683
1969 y .......
A 0,040
\40,164
38,631
38,751
11,054
11,056
10,851
10,853
202
202
27,577
27,695
23,412
23,407
3,939
4,063
226
226
1,409
1,413
800
800
609
613
1970..........
a, 674
40,457
19,293
19,145
148
21,163
16,906
4,037
220
1,218
400
818
1970-May.......
June......
July......
Aug.......
Sept......
Oct...... .
Nov.......
Dec.......
1971-Jan.......
Feb.......
Mar.......
Apr, p....
May p.....
41,650
a, 756
41,858
42,345
42,570
42,709
42,921
41,674
42,143
42,448
43,781
45,983
50,181
40,198
40,327
40,353
40,747
41,453
41,541
41,783
40,457
40,716
41,113
42,410
44,452
48,590
13,986
14,480
15,756
15,776
16,932
17,376
19,210
19,293
19,727
21,509
24,049
26,515
31,298
13,838
14,332
15,607
15,628
16,784
17,227
19,062
19,145
19,579
21,359
23,649
26,115
30,878
148
148
148
148
148
148
148
148
148
150
400
400
420 6/
26,212
25,847
24,597
24,970
24,521
24,165
22,573
21,163
20,990
19,603
18,361
17,937
17,294
22,025
21,564
20,433
20,839
20,400
20,055
18,428
16,906
16,711
15,233
14,029
13,568
13,047
3,985
4,093
3,968
3,942
3,912
3,908
3,950
4,037
4,049
4,111
4,080
4,131
4,046
202
190
196
189
208
202
195
220
230
260
253
238
199
1,452
1,428
1,505
1,598
1,117
1,168
1,138
1,218
1,426
1,335
1,371
1,532
1,591
800
800
800
800
400
400
400
400
400
400
400
400
400
652
628
705
798
717
768
738
818
1,026
935
971
1,132
1,191
1963..........
1964 y .......
1965..........
1968..........
,
1/ Includes Bank for International Settlements and European Fund.
ZJ Short-term U.S. Government obligations at cost value and funds await
y
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 can
be reacquired by the International Monetary Fund.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($19 million at end 1970).
In addition, IMF gold investment included investments in U.S. Govern-
ment bonds and notes which amounted to $109 million at end I960, $187
million at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
6/ Increase in valuation resulted from redemption of outstanding Swiss
franc securities at old exchange rate and reissue of securities at
new exchange rate at time of revaluation of Swiss franc.
Preliminary.
July 1971
83
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type o f Liability
Part A - Foreign Countries
(In millions of dollars)
Official institutions l/
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
Deposits
Demand
Time
2/
U.S.
Other
Treasury short
bills and term
certifi liabili
cates
ties 2/
Payable
in
foreign
cur
rencies
Banks
Deposits
Demand
Time
2/
2/137
1957....
13,641
305
,.9
4,246
612
1958....
14,615
3,511
4,392
762
-
1959....
16,231
2,834
5,738
582
-
4,210
1960....
-
Banks and other foreigners
Payable in dollars
Other foreigners
U.S.
Treasury
bills and
certifi
cates
Deposits
Other
short
term
liabili Demand Time
2/
ties 2/
158
518
I'' 6
,? 6
3,017
131
312
3,369
492
740
76
209
1,951
306
174
59
1,833
295
270
77
419
1,849
148
233
113
1,976
1,977
149
149
230
230
104
104
2,096
2C9
, >6
116
116
352
352
95
95
17,260
3,038
6,193
982
-
1701 2-t •••» ^18,781
3,389
3,389
6,412
6,412
1,092
1,092
46
46
4,854
4,917
43
43
402
420
. . (l9 ,9 0 8
. . \19,874
3,261
3,234
7,759
7,759
928
922
48
48
4,678
4, > 8
<7
83
83
490
490
7,548
1,036
30
1963....
21,330
1,402
2,451
2,820
Other
short
term
liabili
ties 2/
278
f 18,699
iH iC
K
U.S,
Treasury
bills and
certifi
cates
Payable
in
foreign
cur
rencies
5
9
4,102
838
68
704
1,493
966
119
469
104
-
5,006
5,027
967
967
142
142
1,039
1,077
1,523
1,531
1,257
1,271
72
72
502
503
118
90
_
1704 2 / •
f23,849
\23,900
1,591
1,591
2,816
7,554
7>554
1,259
1,259
1965....
24,072
1,535
2,862
7,186
1,483
-
4,941
900
113
1,406
1,574
1,594
87
332
59
(2 6,343
" Q A 2//
IA 3
xyoo * »••• 126,219
1,679
1,679
2,612
2,668
6,316
6,316
1,361
1,360
517
517
6,795
6,636
1,249
1,243
137
137
1,842
1,848
1,513
1,513
1,819
1,819
83
83
329
329
93
72
1Q ' 23 . . f 29,370
i A 7 */ . . V29,232
.70 ( /
2,054
2,054
2,462
2r
458
7,985
7,985
1,380
1,378
152
152
7,933
7,763
1,142
1,142
129
129
1,927
1,973
1,693
1,693
2,052
2,054
81
81
302
292
77
77
30,234
2,149
1,899
5,486
1,321
463
10,374
1,273
30
2,621
1,797
2,199
86
362
173
f38,631
138,751
1,918
1,919
2,951
2,951
3,844
3,844
2,139
2,139
202
202
16,745
16,744
1,988
1,999
20
20
4,658
4,644
1,709
1,710
1,811
1,934
107
107
312
312
226
226
1970....
40,457
1,629
2,568
13,354
1,595
148
12,360
1,335
14
3,197
1,734
1,839
131
334
220
1970-May..
.
June..
July..
Aug...
Sept..
Oct..
.
Nov..
.
Dec. .
.
1971-JAn..
.
Feb..
.
Mar..
.
Apr. p
May p.
40,198
40,327
40,353
40,747
41,453
41,541
41,783
40,457
40,716
41,113
42,410
44,452
48,590
1,340
1,421
1,576
1,249
1,369
1,444
1,367
1,629
1,729
1,646
1,560
1,612
1,636
3,426
3,475
3,502
3,612
3,440
3,178
2,851
2,568
2,503
2,440
2,246
2,204
2,203
6,417
7,020
7,946
8,653
10,141
10,919
12,967
13,354
13,609
15,507
17,863
20,119
24,702
2,656
2,415
2,584
2,113
1,835
1,686
1,877
1,595
1,738
1,766
1,981
2,180
2,337
148
148
148
148
148
148
148
15,020
14,817
13,909
14,432
14,139
13,921
12,747
12,360
11,218
10,021
8,447
6,933
6,539
1,951
1,859
1,742
1,735
1,903
1,964
1,917
1,335
1,194
1,025
889
660
595
20
26
24
23
23
32
21
14
29
26
24
1,469
1,540
5,035
4,862
4,759
4,648
4,335
4,139
3,743
3,197
4,271
4,161
4,669
4,506
4,374
1,710
1,770
1,662
1,685
1,653
1,607
1,651
1,734
1,689
1,724
1,724
1,801
1,734
1,779
1,824
1,812
1,764
1,770
1,796
1,820
1,839
1,845
1,877
1,865
1,890
1,885
102
120
116
116
114
127
115
131
130
148
135
116
131
395
380
377
376
376
378
364
334
385
362
356
324
296
202
190
196
189
208
202
195
220
230
260
253
238
199
1968....
1QAQ 2/
I
I707 “/
148
148
150
400
400
420 I j
1/ Includes Bank for International Settlements and European Fund.
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
2/ Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in cover
age to those shown for the preceding date; figures on the second line
are comparable to those shown for the following date.
4/ Increase in valuation resulted from redemption of outstanding Swiss
franc securities at old exchange rate and reissue of securities at
new exchange rate at time of revaluation of Swiss franc,
p Preliminary.
Treasury Bulletin
84
.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)
End of
calendar year
or month
1957.....................
1958.....................
1959.....................
I960.....................
1961.....................
1qAo c /
Total
international
and regional
742
752
1,031
1,442
1,317
f 2,050
{ 2,084
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
Nonmonetary international and regional organizations 2/
Deposits
Demand
1
Time 2/
U.S. Treasury
bills and
certificates
Other
short-term
liabilities 2/
200
200
500
691 V
613 i/
50
209
76
219
354
490
343
449
532
294
2
#
6
*
55
800
800
540
568
572
572
138
145
1968.....................
1969.....................
1970.....................
1970-May..................
June.................
July.................
Sept.................
Oct..................
Nov..................
1971-Jan..................
Feb..................
May p.................
739 4/
800
800
800
70
66
42
56
384
207
200
139
215
231
170
212
138
314
266
173
f 1,287
^1,273
1963.....................
1964.....................
1965.....................
1966.....................
800
800
67
67
124
120
178
178
118
107
1,483
1,413
1,218
1,452
1,428
1,505
1,598
1,117
1,168
1,138
1,218
1,426
1,335
1,371
1,532
1,591
800
800
400
68
62
69
70
83
73
66
73
68
68
69
115
64
73
63
52
113
83
156
394
244
211
108
224
381
132
119
131
137
135
144
137
156
11
5*
145
165
200
220
226
194
218
252
179
189
148
211
273
279
242
206
210
224
232
284
343
330
368
385
381
487
447
491
-6
62
709
1,547
1,618
1,479
1,381
800
800
800
800
400
400
400
400
400
400
400
400
400
1/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning assets. Upon termination
of investment, the same quantity of gold can be reacquired by the In
ternational Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for Internat
ional Settlements and European Fund. Includes difference between
cost value and face value of securities in IMF gold investment account
($19 million at end 1970).
2/
Time deposits exclude negotiable time certificates of deposit, which are
included in "Other short-term liabilities."
i j In addition, IMF gold investment included investments in U.S. Government
bonds and notes which amounted to #109 million at end I960, #187 million
at end 1961, and #61 million at end 1963.
j / Data on the two lines shown for this date differ because of changes in
>
reporting coverage. Figures on t ' first line are comparable in cover
h
age to those shown for the p e . . n r date; figures on the second line
revUc
are comparable to those shown ro 'the following date.
p Preliminary.
Less than #500,000.
*
85
July 1971
.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)
Calendar year
1971
Country
1967
Europe:
Austria...................
Belgium-Luxembourg...........
Denmark...................
Finland...................
France..................
Germany...................
Greece....................
Italy....................
Netherlands................
Norway....................
Portugal..................
Spain.....................
Sweden.... ...............
Switzerltnd................
Turkey...................
United Kingdom.............
Yugoslavia................
Other Western Europe.........
U.S.S.R...................
Other Eastern Europe.........
Total Europe...............
Canada.....................
L§t4n America:
Argentina.................
Brazil.............. .....
Chile....................
Colombia..................
Cuba.....................
Mexico...................
Panama...................
Peru.....................
Uruguay.................. .
Venezuela.................
Other Latin American Republics...
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
Other Latin America..........
Total Latin America....... .
Agia:
China Mainland.............
Hong Kong.................
India....................
Indonesia.................
Israel....................
Japan....................
Korea........ .............
Philippines................
Taiwan...................
Thailand..................
Other Asia................
Total Asia................
Africa:
Congo (Kinshasa)............
Morocco............. .....
South Africa...............
United Arab Republic (Egypt)...
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.................
l/
1968
231
632
243
99
1,330
2,217
170
1,9^8
589
449
432
150
492
1,732
33
4,667
23
706
8
.
44
16,194
2,709
162
313
146
176
1,383
2,640
183
729
276
448
345
158
453
2,155
29
6,133
33
357
5
48
16,170
314
528
153
120
1,581
13,
,81
207
627
463
341
309
202
412
2,002
28
11,347
37
1,553
11
50
21,667
2,797
479
237
252
166
9
720
173
27k
147
793
523
233
109
18
4,134
217
354
34
125
2,612
176
289
222
616
8^9
5,541
1969 1/
1970
Feb.
191
779
219
115
2,297
10,316
145
1,903
620
403
298
201
631
2,144
25
5,086
33
339
22
45
2,82
5.1
3,663
194
769
220
114
2,344
9,568
140
1,766
741
364
319
184
577
2,021
32
4,778
41
368
12
53
24,605
3,400
3,255
185
903
148
155
2,227
12,471
146
1,823
661
465
280
231
625
2,375
43
5,192
38
727
9
___ 51_
28,755
3,136
539
305
265
247
7
820
158
225
117
735
620
745
98
39
4,918
508
344
256
231
7
828
163
186
125
672
617
798
92
___ 37
4,866
517
326
252.
215
8
829
177
178
125
695
6l4
675
95
___38_
4,743
522
291
258
186
8
824
173
168
119
645
609
631
101
49
4,582
506
301
259
191
7
861
185
181
120
684
601
957
105
48
5,008
504
284
256
169
7
797
173
190
112
729
582
941
105
___ 56_
4,906
36
213
260
86
146
3,809
236
201
196
628
606
,417
33
258
302
73
135
5,147
199
297
275
508
708
7,936
305
236
60
121
5,166
193
294
292
489
722
7,913
36
322
229
65
128
5,452
178
309
278
469
735
8,201
34
298
188
52
122
6,325
191
340
288
443
674
8,954
34
281
211
73
155
6,815
184
347
296
381
601
9,375
33
313
245
60
125
8,190
193
349
293
306
585
10,693
87
21
66
23
505
701
14
11
83
17
395
521
16
7
71
16
469
580
13
7
71
18
334
443
56
15
278
373
19
9
74
15
268
384
15
9
64
14
291
392
282
29
311
3B,63l"
282
29
311
38,751
389
39
428
40,457
376
34
410
40,716
398
46
444
41,113
455
43
576
4l
617
44,452
668
4o
708
48,590
1,257
6
100
46
1,261
6
100
46
975
17
131
90
5
1,175
15
162
69
5
1,0
17
156
72
5
1,099
14
165
84
1,220
9
173
121
1,268
7
186
122
8
1,413
1,218
1,426
1,335
1,371
1,532
40,164
41,674
42,143
42,448
43,781
45,983
760
196
117
2,354
7,795
162
1,579
584
317
299
205
519
1,936
53
5,637
36
460
11
63
23,284
3,991
185
596
189
117
2,267
7,520
184
1,317
762
324
274
198
503
1,947
46
5,508
37
594
15
54
22,637
4,016
479
257
323
249
8
974
154
276
149
792
611
273
88
30
4,664
416
425
393
258
7
848
129
239
111
674
556
,405
74
34
5,571
416
425
400
261
7
849
140
240
111
691
576
1,405
80
34
5,636
38
270
281
50
215
3,320
171
269
155
556
628
5,953
36
213
260
86
146
3,788
236
201
196
628
606
6,396
6l
16
221
349
12
13
58
18
260
361
87
21
66
23
499
695
278
27
305
29,232
261
28
289
30,234
1,175
6
70
21
1
1,372
1,273
1,483
1,409
31,717
40,040
30,505
78
21
4
May p
198
766
216
112
2,263
8,518
176
1,629
654
313
307
203
541
2,011
51
5,210
46
377
9
___ 56_
23,656
3,624
20k
314
530
153
120
1,581
1,381
207
627
463
341
309
202
412
2,005
28
11,349
37
1,553
11
50
21,674
4,012
2§
Apr. p
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
*
p
column are comparable to those shown for the following date.
Less than $500,000.
Preliminary.
86
Treasury Bulletin
papttat . 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 May 31, 1971
Preliminary
Country
Er-e
uoo:
Austria....................
Belgium-Luxembourg............
Denmark....................
Finland....................
France.....................
Germany....................
Greece.....................
Italy......................
Netherlands...............
Norway.....................
Portugal....................
Spain......................
Sweden.....................
Switzerland.................
Turkey....................
United Kingdom...............
Yugoslavia..................
Other Western Europe..........
Total
short
term
liabilities
Total
U. S.
Treasury
Deposits 1/ bills and
certif
icates
185
903
179
851
137
36
228
35
155
2,227
12,i71
f
lk6
97
ikQ
M76
35
536
9
*9
*
27,287
27*
,18
221+
321
91
510
1+
15
91
233
l+
l5
105
10
+7
39
632
28
56
9
39
316
,+8
2,038
176
212
108
67
1
1+68
115
178
102
63
1
25U
2,159
12,398
Hk
lk6
1,823
661
U65
280
231
625
2,375
13
+
5,192
38
727
9
51
28,755
50,181
1,766
620
13
+0
2kl
162
609
1,931
ko
87
606
96
5
119
,*5
11,585
_
1,189
11+0
+
58
_
502
909
_
3,205
5
27
*
20,209
678
32
8
_
3
35
.
9
31
373
2
-
1,601
37
137
20
335
21*
809
28
15
181+
+
36
126
19
33^
11
7+
166
25
Other 1/
10
9
62
61
31
16
4
38
35
39
69
16
138
1
+
291*
3
33
*
2
9*
16
56
55
31
13
*
33
35
39
6+
1
15
95
1
+
156
3
33
*
2
71
2+
359
315
327
71
l+8
l
102
6
328
321
70
l+
l7
99
6
113
53
99
92
31
9*
338
112
29
26
5
1
_
179
1
11
2
1
39
270
2
83
393
321
305
*
3
1
*
1
+
1
+
*
2
1
*
*
5
*
1
11
*
1
3
*
2
1
+
*
*
*
9
*
5+
1
_
*
_
*
_
8+
1
*
*
*
_
*
. .81, .
,
2U
, 2L _
i
1? -
*
*
*
*
*
2
3
3k
7
1
*
3
.
21
11
6
9
1
16
7
1+1
1+1
2,202
2,072
21
109
1+
6
1
7
7
*
*
*
*
3
17
+
10
*
*
*
*
*
20
*
23
6
118
l+
l
8
11+
61
1
+
110
18
9
91*
6
113
l+
l
8
13
58
1
+
95
18
8
91
*
_
*
*
*
*
*
5
*
*
1
3
*
l+
l
1
*
2
2,3^5
*
1
+
1
1
9
15
+6
1+28
1
27
18
15
*
3
2
10
1
1+
2
*
*
*
*
3
*
1
_
*
15
6l
58
*
l+
l
9
13
9
3
*
*
2
_
-
23
-
*
3
619
_
_
-
317
,*5
12
7
53
13
. 21+6
12
6
17
+
11
79
^,398
*
2
1
158
,153
161
ko
7
159
310
-
3
2
10
1
129
6
682
236
310
135
23
1395
*,2
10,972
26,
21+2
6,711
l ,l
+o+6
3* 1 ,
69
131
296
1,268
7
185
122
8
167
6
l+
l
77
8
581
519
1
11+6
13
*
-
*
*
_
*
*
*
*
_
.
-
_
-
131
296
272
609
26,851
23
573
10,219
11, 1
21++
*
1
*
*
_
1
87
53
22
32
3
28
1,978
27
19
+
.1 ?, ?1
5
^5|5l6..
522
.... 22_
.
77
l+
l9
_
1
l,7
+09
_
11
++
95
30
26
3
-
*
3
*
*
7
11
*
11
3
*
*
*
*
306
_
23
_
158
_
_
*
*
*
2
11+
-
27
172
1+
2
50
82
2,065
162
190
190
15
9.
299
212
2l
+
5
3k
9
33 _
_
27
19I
+
223
53
111
8,122
189
239
275
297
1+88
652
30
Total
Short-term
liabilities
payable
u. s .
in
Treasury.
foreign
Deposits 1/ bills and Other 1/ currencies
certif
icates
6
1+
8
11
57
18
6
11
++
11+0
+
19
+2
2l
+
67
35
281
8
16
2
616
*
1,038
2
15
+2
*
10
3,610
0O
C
00
Other Eastern Europe..........
Total Europe.................
Canada.......................
,3*136 Latin America:
Argentina...................
5l
0+
Brazil.....................
2Qk
Chile......................
256
Colombia....................
169
Cuba.......................
7
Mexico.....................
797
Panama.....................
173
Peru.......................
190
112
Uruguay....................
Venezuela...................
729
Other Latin American Republics...
582
Bahamas and Bermuda...........
9hl
Netherlands Antilles and Surinam...
105
Other Latin America...........
56
Total Latin America...........
,**2P6
_
Asia:
China Mainland...............
33
Hong Kong...................
313
India......................
2+
l5
Indonesia...................
60
Israel.....................
125
Japan......................
8,190
Korea......................
193
Philippines.................
3+
*9
Taiwan.....................
293
Thailand....................
306
Other Asia..................
585
Total Asia..................
10,693
Africa:
Congo (Kinshasa)..... ........
15
Morocco....................
9
South Africa.................
6k
United Arab Republic (Egypt)....
Ik
Other Africa.................
291
Total Africa............. .
... ^ 2 _
Other countries:
Australia...................
668
All other..................
1+
0
Total other countries..........
708
Total foreign countries..........
. . ^ 52°
International and regional:
International................
1,268
European regional.............
7
Latin American regional........
186
Asian regional...............
122
African regional.............
8
Total international and regional. .
.
1,591
Grand total...................
(Position in millions of dollars)
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
_
712
*+0
*
l, +6
+0l
*
3?6l9_
1/ Deposits exclude negotiable time certificates of deposit, which are included in “Other1 short-term liabilities.
1
* Less than $500,000.
-
2
1
-
619
July 19 71
&
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
April
1970
December
1970
4
11
9
38
1/
5
4
15
10
32
1/
5
3
10
10
4l
1/
3
6
2
5
2
3
19
8
4
5
4
2
2
19
7
8
7
9
2
3
16
8
4
2
4
2
2
18
5
3
8
5
2
3
23
10
2
1
5
n.a.
4
21
7
n.a.
16
27
12
73
15
5
1
60
43
55
86
73
73
2
16
30
22
46
13
6
66
51
69
66
82
86
5
17
33
42
67
16
10
68
52
78
76
69
84
3
17
29
17
63
13
8
76
43
96
72
79
110
3
19
29
17
76
17
11
69
4l
99
79
75
100
2
16
34
19
59
16
10
59
43
90
72
80
97
2
19
44
19
47
15
14
1
15
1
2
14
2
2
25
2
2
30
2
6
38
1
3
33
2
2
38
n.a.
9
6
34
1
3
37
18
40
49
5
100
38
*
14
49
2
16
176
35
3
2
132
5
5
13
11
2
5
50
35
40
37
4
113
64
1
15
55
1
14
61
160
6
4
148
8
6
17
5
2
4
4l
86
3
67
3
78
52
6
13
60
5
17
29
67
2
5
51
1
16
22
2
1
3
35
26
17
46
3
83
30
6
17
35
4
25
106
17
4
4
94
2
15
28
5
1
4
4l
6
30
66
4
82
48
17
4
34
7
26
166
25
6
7
91
2
26
32
4
2
4
32
11
14
54
5
54
22
1
19
38
6
18
106
57
7
5
179
3
15
n.a.
3
2
4
50
n.a.
3
36
2
60
29
n.a.
18
27
1
n.a.
41
43
*
3
6
161
4
11
53
1
7
1
1
21
37
5
26
5
3
3
7
1
1
35
7
24
2
4
2
16
25
18
4
38
10
2
2
20
10
1
25
8
13
1
3
3
29
25
69
3
20
6
1
5
21
7
6
25
14
20
1
10
4
43
23
288
6
11
9
2
3
10
6
5
20
13
33
1
7
3
47
4l
430
5
11
10
2.
1
18
7
7
38
17
19
*
8
3
38
22
195
7
17
8
1
1
9
7
8
10
13
12
I
6
4
13
21
91
7
n.a.
9
2
1
10
6
5
n.a.
14
Country
Ireland, Republic of...................
M l a ..............................
at.
Monaco.............................
17
17
16
18
25
22
1967
1968
1969
2
7
9
25
1
3
2
4
9
31
1
4
8
6
24
1/
5
4
2
"Other Western Europe"
1966
Z
April
1971
7
10
29
1/
3
6
"Other Eastern Europe"
2
Rumania.............................
13
7
6
"Other Latin American Republics"
Dominican Republic....................
Guyana (British Guiana)................
Haiti..............................
Trinidad and Tobago...................
67
35
53
86
69
64
"Other Latin America"
French West Indies and French Guiana.......
"Other Asia"
Malaysia............................
Muscat and Oman......................
Ryuku Islands (including Okinawa).........
Syria..............................
Trucial States.......................
Viet Nam............................
Yemen (Aden).........................
"Other A *
i rica"
Ethiopia (including Eritrea).............
"Portuguese West Africa"................
Southern Rhodesia.....................
Tanzania............................
"Other Countries"
Note: Data represent a partial breakdown of the amounts shown for the corresponding dates for the ’
'Other" categories in the regular monthly
series in the "Treasury Bulletin."
1/ Included with Belgium (see Section I Table CM-I-3).
,
n.a. Not available,
* Less than $500,000.
Treasury Bulletin
88
_______________________ 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
Foreign countries
Total 1/
Official
institutions
Banks
Other
foreigners
International
and regional
_
1957...................
1958...................
1959...................
1960...................
1961...................
1962...................
1963...................
1964...................
1965...................
1966...................
10
2
1
7
2
7
69
310
513
1,494
10
2
1
7
2
7
28
204
203
988
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
_
42
106
311
506
1967 2/.................
A, 546
^2,560
3,166
2,490
1,696
1,858
1,863
2,389
1,601
909
1,807
1,807
2,341
1,505
695
15
15
8
55
160
35
40
40
40
53
689
698
777
889
787
2,211
2,127
2,033
1,936
1,916
1,835
1,733
1,696
1,569
1,462
1,342
1,187
1,144
1,355
1,280
1,208
1,097
1,054
991
919
909
852
771
710
605
587
1,241
1,116
1,036
928
883
820
749
695
635
568
489
406
391
64
116
118
118
119
119
118
160
157
153
161
142
139
50
48
54
51
52
51
51
53
59
50
59
57
56
856
847
86
2.
838
862
844
814
787
717
691
632
582
557
1968...................
1969...................
1970...................
1970-May................
June...............
July............. .
Aug................
Sept................
*
Oct................
Nov................
Dec................
1971-Jan................
Feb................
Mar................
Apr.p..............
May p ..............
1/ Dollar-foreign currency breakdown not available prior to 19665 amounts
reported for earlier dates assumed to have been payable in dollars.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
*
p
-
.
_
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1
1
_
-
_
-
1
1
1
1
1
1
1
*
*
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Less than $500,000.
n.a. Not available,
Preliminary.
July 1971
89
______________________ CAPITAL M O V K M R N T S
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
1971
Country
1968
1969
*
*
1
6
4
*
*
5
1
3
16
*
36
*
1
*
*
*
2
11
*
*
*
*
1
2
*
*
*
*
_
18
1
*
*
*
*
*
*
*
*
1
*
5
*
251
25
1
1
172
1
*
18
2
7
8
484
284
25
l
1
168
l
1
*
44
2
6
8
5U1
1
_
126
443
l
*
1967
Europe:
Italy....................
Switzerland................
Canada.....................
Lat^Q.America:
Chile....................
Panama....... ...... ......
Peru.....................
Venezuela.................
Other Latin American Republics. •
.
Netherlands Antilles and Surinam.
b6
*
*
_
-
5b
*
6b
1970
Jan.
-
*
If
l
*
1
110
1
1
2
*
1
1
_
lb
-
*
l
110
l
l
2
*
l
1
1
+
*
37
*
*
*
173
3
b
b
*
31
*
*
_
166
3
“
lb
-
3
1
*
53
3
7
*
*
239
152
2
*
_
*
*
12
b9
b
5
bb
*
9
*
1
110
1
*
*
*
*
1
*
3
*
28
*
10
_
*
*
9
_
*
1
110
*
*
*
*
*
1
*
3
*
23
*
10
163
.... r
1
157
4...
13
26
*
*
*
15
2
1
*
33
3
8
*
*
101
13
26
2
*
_
l4
2
*
*
39
3
7
*
*
106
*
*
_
6
316
25
10
4l
1
24
*
*
_
6
340
33
11
*
*
May p
13
26
*
*
*
33
2
1
*
34
3
7
*
*
120
157
lb
2
Apr. p
*
9
*
1
110
1
1
*
*
1
1
*
4
*
46
*
10
_
183
_____2
__
*
1
110
1
1
2
*
1
1
_
13
25
*
1
*
50
3
1
*
53
3
7
*
*
25
*
l
-
13
25
*
1
*
*
lb
-
*
35
*
*
_
170
I
Mar.
Feb.
_
*
*
_
6
261
17
10
42
l
25
362
*
*
_
7
186
11
7
43
1
24
_
*
*
l
l
*
*
1
1
46
13
26
2
*
_
13
1
*
*
39
3
10
*
*
107
Asia:
India. ................ •••••
Indonesia.................
Israel....................
*
2bl
Ul
655
72
70
48
6
385
b2
bl
10
1,237
8
21
522
8
22
461
*
*
*
_
*
l
*
l
*
*
*
1
*
*
*
1
_
*
*
l
l
*
*
*
1
_
*
*
1
l
68
10
78
2,389
67
2
69
1,601
59
59
59
59
53
53
605
Latin American regional.......
Asian regional.............
>A
k
276
18
b32
3lb
Total international and regional.
698
2,560
*
*
_
8
182
10
7
39
1
25
272
Philippines.... ...........
Africa:
United Arab Republic (Egypt)...
U
12
218
10
+3
1,289
_
l
l
1
658
88
67
43
201
451
1,751
_
278
bl
423
279
_
Other countries:
51
*
51
1,863
International and regional:
Grand total.................
*
p
Less than $500,O X .
C)
Preliminary.
*
*
*
*
*
*
46
587
, 5,
9..
909
852
771
59
710
31
557
287
45
^90
262
35
44S
235
35
420
237
34
381
222
29
327
205
50
317
191
49
777
889
787
717
691
632
582
557
3,166
2,490
1,696
1,569
1,462
1,342
1,187
l,l44
.-
_
_
90
Treasury Bulletin
---------------------------------------------------------------------- CAPITAL MflVRMBWTfi
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. • Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
Loans
Collec
tions
out
standing
for
Other
account of
for
eigners reporting
banks and
domestic
customers
Payable in foreign currencies
Total
Deposits*
of
reporting
banks and
domestic
customers
with for
eigners
1 99
6
147
132
I5
!
656
198
181
16
516
582
192
178
15
605
1,233
460
222
238
694
700
1,837
1,874
543
543
342
343
200
200
642
686
67
1 /9
495
309
186
955
774
832
2,214
384
543
343
157
42
223
221
1,374
1,403
1,055
1,150
1,007
1,135
2,600
2,621
552
803
601
624
342
336
182
187
77
102
2,968
2,970
271
271
1,566
1,567
1,130
1,132
1,268
1,272
2,501
2,508
422
492
474
492
325
329
54
68
95
96
7,399
7,433
3,139
3,141
256
256
1,739
1,739
1,143
1,145
1,367
1,288
2,450
2,540
443
464
420
420
240
241
70
70
110
110
I 8,606
8,158
8,182
3,137
3,150
306
306
1,603
1,616
1,228
1,228
1,511
1,552
3,013
3,013
498
467
425
425
287
287
74
70
63
67
8,711
8,261
3,165
247
1,697
1,221
1,733
2,854
509
450
336
40
73
f 9,578
9,667
9,063
9,151
' 3,281
3,278
262
262
1,946
1,943
1,073
1,073
1,954
2,015
3,169
3,202
658
656
516
516
352
352
84
89
79
74
1970.......
10,801
10,150
3,038
119
1,709
1,210
2,414
3,966
732
651
393
92
166
1970-May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1971-Jan....
Feb....
Mar....
Apr.p.. .
.
May p--
9,806
10,010
9,727
9,521
9,741
9,873
10,129
10,801
10,410
10,559
10,683
10,714
11,554
9,308
9,543
9,306
9,058
9,261
9,358
9,574
10,150
9,903
10,024
10,119
10,182
10,924
3,193
3,316
3,191
2,975
3,231
3,129
3,132
3,038
2,850
2,937
2,996
3,091
3,373
315
305
256
178
186
109
95
119
110
88
100
107
150
1,825
1,932
1,873
1,711
1,936
1,897
1,894
1,709
1,561
1,578
1,589
1,731
1,921
1,053
1,079
1,063
1,087
1,109
1,123
1,143
1,210
1,178
1,270
1,307
1,253
1,302
2,312
2,344
2,350
2,354
2,381
2,438
2,429
2,414
2,396
2,389
2,376
2,320
2,391
3,244
3,287
3,234
3,171
3,056
3,158
3,330
3,966
3,950
3,972
4,026
4,086
4,117
559
595
531
557
593
634
683
732
708
726
721
685
1,042
498
467
421
463
479
515
555
651
506
535
564
533
631
338
314
296
354
366
366
354
393
308
334
365
338
438
93
83
66
50
40
67
112
92
79
111
102
92
78
66
69
59
59
74
83
89
166
120
90
96
103
114
End of
calendar
year
or month
Total
short
term
claims
1957.......
2,199
2,052
930
242
386
303
423
1958.......
2,542
2,344
1,268
401
439
428
421
1959.......
2,599
2,407
1,309
351
498
460
1960.......
3,594
3,135
1,297
290
524
482
f 4,719
t 4,777
4,177
4,234
1,646
1,660
329
329
699
709
618
622
1962.......
5,101
4,606
1,953
359
953
1963.......
5,887
5,344
1,915
186
1 06/ 1 /
f 7,411
^ 7,957
6,810
7,333
2,652
2,773
10 * 1 /
65
f 7,632
{ 7,735
7,158
7,243
1Q66 1 /
f 7,819
\ 7,853
l0 * T/
67
f 8,583
1Q l T/
A
1968.......
iqAq t /
1/
Total
Total
Official
insti
tutions
Banks
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
p
Accept
ances
made for
account
of for
eigners
Other
short
term
claims
Foreign
government
obligations
and
commercial
and
finance
paper
Other
short
term
claims
second line are comparable tp those shown for the following date,
Preliminary.
July 1971
91
______________________CAPITAL MOVEMENTS_________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1971
Country
1967
1968
16
83
37
78
88
179
19
58
35
61
26
54
75
98
38
244
13
13
3
18
1^38,,.
597
6
40
36
63
66
171
12
105
4o
43
10
46
58
93
38
318
22
15
3
21
1,205
533
7
5
6
40
68
107
205
22
120
51
34
8
70
67
99
19
4l8
28
9
2
34
221
173
177
217
16
960
47
249
42
226
289
63
10
18
2,707
249
338
193
206
14
948
56
207
44
232
280
80
19
22
2,889
1
30
10
5
57
3,154
59
303
37
100
138
3,894
1970
Jan.
Feb.
Mar.
7
5
6
40
68
107
205
22
120
51
34
8
70
67
99
19
408
28
9
2
34
1^54826
6
50
40
66
113
184
26
101
61
54
11
52
97
100
9
379
35
13
3
45
1,448
1,084
4
69
46
103
95
142
21
92
74
61
12
49
102
121
3
410
3
5
10
2
36
1,487
914
4
68
5
3
110
111
171
22
98
68
65
l4
56
100
114
4
513
31
11
2
4l
17
57
54
128
102
211
22
108
76
54
15
65
124
130
8
580
33
12
3
51
i,.§SZ_
941
5
68
58
123
98
190
21
102
70
62
15
59
104
174
5
456
33
9
3
47
1,701
1,018
972
6
73
54
139
120
356
24
131
81
64
20
76
129
163
30
808
36
15
2
50
2.^79
1,021
311
317
188
225
14
801
68
161
48
240
295
92
14
27
2,803
309
317
188
225
14
803
68
161
48
240
295
93
14
27
2,802
324
322
199
284
13
904
95
147
63
281
340
179
19
22
3A91
326
309
186
288
13
912
82
143
56
276
334
178
19
22
3,145
337
320
184
296
13
951
105
135
51
275
336
157
14
21
3,193
346
360
179
300
13
908
100
131
49
243
326
200
15
22
3,193
317
387
165
303
13
893
105
150
53
242
329
190
21
22
3,189
318
381
158
294
13
883
99
153
51
230
316
239
20
22
3,177
1
32
19
23
84
3,114
77
239
38
99
145
3,872
1
36
10
30
108
3,342
158
215
49
101
212
4,261
l
36
10
30
108
3,432
158
215
49
101
212
4,352
2
39
13
56
120
3,890
196
137
95
109
157
4,815
1
40
16
49
99
3,675
196
135
101
106
167
4,585
1
4l
13
49
130
3,480
194
137
113
109
182
4,448
2
49
15
66
97
3,482
221
124
119
109
183
4,466
1
60
24
45
110
3,356
243
128
117
118
187
4,389
1
56
20
34
112
3,606
247
115
127
114
211
4,642
1
2
37
11
52
102
3
2
46
8
73
133
6
3
5
5
11
86
162
6
3
55
11
86
162
4
6
77
13
79
180
7
6
83
16
78
190
4
6
84
14
85
194
6
6
86
14
101
213
5
5
93
17
103
223
6
6
103
16
104
235
54
13
67
8,606
*
66
13
79
8,710
*
16
53
16
64
16
70
17
73
18
73
18
69
9,576
2
69
9,664
2
80
10,798
3
..- 8l_
10,408
2
105
19
124
10,557
2
91
10,681
2
91
10,713
2
81
17
98
11,552
2
8,606
8,711
9,578
9,667
10,801
10,410
10,559
10,683
10,714
11,554
1969 1/
Apr. p
May p
Europe;
L t r n America;
ffj
Chile....................
Other Latin American Republics...
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
Asia:
India....................
Japan....................
Africa:
United Arab Republic (Egypt)...
Other countries:
All other.................
Total foreign countries....... .
1/
818
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
*
p
column are comparable to those shown for the following date,
less than $500,000.
Preliminary.
Treasury Bulletin
92
PAPTTAT. M f ) V R M B M T H
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 May 31, 1971
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
loans
Country
Europe:
Austria.................
Total
short
term
claims
Total
Collections
outstanding
Foreign
for account
banks and
of reportTotal official Other ing.banks
insti
and domestic
tutions
customers
Acceptances
made for
account
Other
of
foreign
ers
Sweden..................
Switzerland..............
Turkey..................
United Kingdom............
Yugoslavia...............
Other Western Europe.......
Other Eastern Europe.......
Canada....................
Latin America:
Argentina................
Chile...................
Mexico..................
•Panama............... .
Peru....................
Uruguay.................
Other Latin American Republics.
Bahamas and Bermuda........
Netherlands Antilles and
Surinam................
Other Latin America........
36
15
2
50
2
39
10
4
25
175
4
71
23
18
9
24
41
85
27
211
25
7
12
1
34
5
3
17
137
3
54
15
12
4
22
27
47
27
170
23
2
12
*
5
4
1
8
38
1
17
8
6
5
2
14
38
*
41
2
5
*
2
15
6
3
37
29
20
30
23
4
7
25
9
13
3
46
2
7
2
4
1
4
35
129
23
66
*
7
13
39
4
25
73
26
181
9
*
33
3
1
3
28
16
*
7
6
1
*
1
2
6
*
311
*
*
*
2
2,379
Denmark.............. .
Finland.................
France..................
Germany.................
Greece..................
Italy...................
Netherlands..............
Norway..................
Portugal.................
5
62
5
2
139
113
286
24
115
65
61
20
75
125
129
30
749
36
14
2
50
2,153
809
613
197
288
669
1,021
789
296
116
181
25
318
381
158
294
13
883
99
153
51
230
316
239
317
376
158
293
13
855
99
153
51
213
316
231
140
236
61
99
536
51
94
26
107
88
114
40
140
16
49
288
28
55
21
18
46
75
100
96
45
50
248
23
39
6
89
42
40
20
22
20
22
7
4
5
1
6
73
54
139
120
356
24
131
81
64
20
76
129
163
30
808
Short-term claims payable
in foreign currencies
Deposits of
reporting
banks and
Total domestic
customers
with
foreigners
1
11
2
*
7
70
*
16
16
3
*
2
4
34
*
60
*
1
*
*
1
10
2
*
6
67
*
14
15
3
*
2
4
33
*
48
*
1
*
*
387
226
123
344
232
71
93
33
24
13
57
12
32
8
63
99
8
90
44
63
165
237
30
26
16
40
120
20
17
3
1
5
25
6
*
*
2
9
89
3
3
7
16
*
1
Foreign
government
obligations
and commer
cial and
finance
paper
Other
*
-
*
1
*
1
3
*
1
*
*
*
*
*
*
*
11
*
*
-
208
*
18
123
70
39
2
6
*
1
28
*
*
*
17
1
8
*
*
*
*
8
*
*
*
1
*
8
*
6
_
_
_
_
2
5
*
1
_
15
*
*
*
16
*
*
5
1
*
*
*
*
-
*
*
-
*
*
-
*
-
3,177
3,115
1,565
781
784
535
853
162
62
18
6
39
Asia:
China Mainland............
Hong Kong................
India...................
Indonesia................
Israel..................
Japan...................
Korea............. ......
Philippines..............
Taiwan.......... ........
Thailand.................
Other Asia...............
1
56
20
34
112
3,606
247
115
127
114
211
1
56
20
34
111
3,527
247
112
126
112
200
1
19
4
9
22
405
21
32
16
18
62
1
12
4
8
13
375
16
18
12
12
42
7
*
*
8
31
5
14
4
6
20
*
12
13
3
8
1,185
70
29
11
13
91
23
*
23
72
1,864
140
34
98
78
36
2
2
*
9
73
16
17
1
3
11
*
*
*
*
78
3
*
2
11
*
*
*
*
63
2
2
11
_
2
*
-
_
*
*
*
13
1
*
*
*
Total Asia...............
4,642
4,548
610
513
97
1,435
2,370
133
95
78
2
14
6
6
103
16
104
6
6
96
16
103
1
1
22
*
44
1
1
17
*
17
*
*
5
*
27
1
4
25
2
38
2
*
45
12
19
1
1
4
2
2
*
*
7
*
1
*
*
5
*
1
-
*
*
2
*
235
227
68
36
32
71
78
10
8
6
-
2
Other countries:
Australia................
All other................
81
17
74
17
19
3
11
*
9
3
26
12
23
2
6
*
7
1
5
1
*
-
*
Total other countries.......
98
91
23
11
11
37
6
7
6
*
2
Total foreign countries.......
11,552
10,922
3,371
2,070
1,302
2,391
4,117
1,042
630
438
78
114
2
2
2
1
1
*
_
_
*
11,554
10,924
3,373
2,071
1,302
2,391
4,117
78
114
Africa:
Congo (Kinshasa)..........
South Africa..............
United Arab Republic (Egypt) .
..
Other Africa..............
International and regional....
*
Less than $500,000.
___24_
_
1,042
*
631
_
438
1
93
July 1971
_____________________ CAPITAL MOVEMENTS_______________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-H-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
Loans
Total
Total
! Official
institutions
1964 1/.............
1965................
1966................
1967............ .
1968................
1969................
1970................
1,174
1,362
1,545
1,698
2,034
2,160
/2,293
12,379
/2,837
13,030
J3,971
14,285
4,517
4,180
3,925
3,567
3,250
3,067
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,379
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,042
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,260
2,346
2,781
2,811
3,777
3,995
4,211
3,915
3,635
3,158
2,806
2,691
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
703
716
793
702
669
528
502
504
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
273
273
397
397
701
729
628
512
323
237
209
230
1970-May.............
June............
July............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
1971-Jan.............
Feb.............
Mar............
Apr.p...........
May p........
3,232
3,177
3,127
3,131
3,155
3,229
3,216
3,067
2,953
2,948
3,035
3,072
3,241
3,202
3,151
3,099
3,102
3,127
3,198
3,189
3,042
2,928
2,922
3,006
3,039
3,
* 206
2,822
2,788
2,745
2,719
2,750
2,839
2,825
2,691
2,601
2,634
2,729
2,763
2,926
511
499
486
470
460
531
515
504
485
484
501
504
523
211
209
215
225
244
256
247
230
208
208
221
218
241
1958................
1959................
1960................
1961................
1962................
1963-May 1/..........
1963 1/.............
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage.* Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
Other
foreigners
Banks
1
{
i
}
!
j
|
Other
long-term
claims
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,957
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33
33
54
217
195
288
297
247
274
394
426
352
n.a.
n.a.
n.a.
n
.a.
n.a.
n.a.
*
*
2
2
#
1
9
18
15
16
18
25
2,100
2,080
2,044
2,023
2,046
2,053
2,064
1,957
1,909
1,942
2,008
2,042
2,163
380
362
354
383
377
359
364
352
327
289
277
276
279
30
27
29
29
28
30
26
25
24
26
30
line are comparable to those shown for the following date,
n.a. Not available.
p Preliminary.
* Less than $500,O X .
C)
33
36
Treasury Bulletin
94
_____________________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
1971
Country
1968
1967
Eurone!
1969
1970
Jan.
Feb.
12
73
11
68
46
61
80
58
1
126
47
42
32
11
2
56
12
19
2
35
1
47
37
32
73
14
1
72
31
64
18
5
1
68
12
12
1
18
2
27
37
36
56
3
2
49
27
91
23
2
1
67
13
11
1
13
2
19
88
35
39
4
8
24
14
83
35
3
*
71
25
6
1
12
2
18
95
40
38
14
8
20
12
72
33
3
*
70
24
6
1'
9
776
427
19
547
428
13
479
408
12
482
312
13
482
278
151
103
60
66
l
602
70
183
65
90
128
21
14
3
1,556
133
113
48
61
l4l
187
73
53
133
242
81
52
-
_
244
82
59
-
_
534
70
127
30
71
157
15
14
2
1,375
419
44
97
37
108
139
15
12
3
1,329
367
44
68
19
155
122
7
8
8
1,318
_
Chile....................
Other Latin American Republics..
.
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
_
_
Asia:
_
Mar.
Apr. p
May p
1
12
2
18
95
40
36
15
8
18
13
77
37
3
*
77
26
6
1
12
2
17
95
40
38
11
8
19
14
78
38
4
*
111
25
6
1
13
2
15
94
43
39
17
7
17
14
95
34
5
*
117
27
6
1
13
2
15
93
76
39
17
11
17
11
104
43
6
*
107
34
6
13
**2Z_
266
10
535
268
11
557
275
12
609
255
132
241
81
51
129
251
77
58
351
44
63
17
147
120
8
8
7
1,272
357
42
52
15
134
120
6
8
8
1,248
353
42
51
l4
146
121
7
4
9
1,261
121
240
79
59
1
362
39
50
14
159
116
8
4
9
1,262
119
239
78
60
2
344
39
51
15
160
118
35
4
8
1,275
7
72
7
17
208
4l
228
22
22
132
_
_
_
_
_
_
-
India....................
Japan....................
Taiwan....................
-
-
3
36
*
23
180
53
203
6
18
107
629
1
53
2
21
122
148
249
8
21
113
738
1
43
2
14
88
151
202
16
27
112
•656
*
2
44
6
15
115
98
234
19
32
99
663
*
2
43
6
13
117
78
237
18
34
94
64l
*
2
43
6
12
121
63
241
17
27
109
641
*
9
61
10
13
125
54
239
21
26
116
673
*
8
67
7
21
120
44
234
21
26
127
674
l
l
35
8
188
233
1
33
4
166
204
6
1
30
1
123
162
6
3
20
*
98
127
5
3
20
*
94
123
5
5
20
*
101
131
3
6
20
*
100
129
5
6
19
*
111
i4i
5
6
29
*
119
142
22
164
3,
0^6
l
135
21
l4l
22
142
20
155
2,951
1
163
2,947
1
147
21
168
3,034
1
163
3,071
1
164
21
184
3,240
2
3,067
2,953
2,948
3,035
3,072
3,241
Africa:
Morocco...................
Total Africa...............
o l e cowtajL?rtrr
*
p
Less than $500,000.
Preliminary.
273
3,5^5
2
186
29
215
3,248
2
3,925
International and regional...:...
269
33
301
3,922
3
3,567
3,250
236
37
_
757
95
July 1971
nAPTTAT, M O V R M E W T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of May 31, 1971
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
long-term
claims
payable in
foreign
currencies
Total
long-term
claims
Total
Loans
1
13
2
15
93
76
39
17
11
17
11
104
43
6
*
107
34
6
12
1
13
2
15
93
76
39
17
7
17
11
104
43
5
*
107
34
6
12
1
12
2
15
92
74
39
16
5
17
11
100
43
4
*
103
34
6
12
*
2
*
*
*
2
1
1
3
*
*
4
*
*
*
4
*
*
609
255
604
249
587
17
213
37
119
239
78
60
2
344
39
51
15
160
118
35
4
8
119
234
78
60
2
330
39
51
15
160
118
35
4
8
90
218
73
53
2
291
34
48
15
148
103
34
*
8
30
17
6
8
39
5
3
1
12
16
1
4
*
1,275
1,256
1,115
141
20
Thailand.........................
Other Asia.......................
7
72
7
17
208
41
228
22
22
132
7
72
7
17
208
41
228
22
22
132
3
71
6
14
191
26
217
21
19
125
5
1
1
3
18
15
11
2
3
7
“
*
—
Total Asia.......................
757
757
692
65
*
Africa:
Congo (Kinshasa)...................
Morocco.........................
South Africa......................
t t i e Arab Republic (Egypt)..........
fitd
Other Africa......................
5
6
29
*
119
5
6
29
*
114
6
24
*
111
5
6
*
3
4
Total Africa......................
159
155
140
14
4
Other countries:
Australia........................
All other........................
164
21
163
21
157
20
5
*
1
-
Total other countries...............
184
183
178
6
1
3,204
2,924
279
36
2
2
-
-
3,206
2,926
279
36
Country
Europe:
Austria..........................
Belgium-Luxembourg.................
Italy...........................
Netherlands.......................
Norway..........................
Portugal.........................
Switzerland............. .........
United Kingdom....................
Yugoslavia.......................
Other Western Europe................
Other Eastern Europe................
Total Europe......................
Latin America:
Chile...........................
Panama.... ......................
Other Latin American Republics........
Netherlands Antilles and Surinam.......
Other Latin America............. .
Total Latin America................
Asia:
India...........................
Indonesia........................
Japan...........................
Korea...........................
Philippines.......................
Total foreign countries...............
, 3,240.
International and regional.............
2
Grand total........................
. .. 3,241
.
*
Less than $500,000.
_
Other
*
_
—
—
~
4
_
~
1
“
5
T .....
5
15
~
-
96
T r e a s u r y B u lle t in
C APITAL MftVKMiaMTg
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
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
1957..............
566
491
428
62
75
1958..............
499
440
368
71
60
1959..............
664
581
512
69
83
424
437
61 \
70 /
89
3)
91
1960 2/............
(
574
596
485
507
1961-Mar. 2/........
f
(
674
691
583
600
510
524
756
778
673
684
563
572
111
113
83
94
(
f
\
833
Dec.2/........
f
^
1963..............
f
^
1965 2/............
f
I
569
109
155
626
665
527
551
99 '
I
114 J
151
798
805
637
644
508
513
129 \
130 J
161
775
<
678
778
817
626
479
148
148
763
725
622
585
441
151 J
144 1
140
807
1962-June 2/........
f
700
556
144
943 ^
958 j
810
471
600
210
107
f
^
136
147
1966..............
1,419
1,089
827
262
329
1967 2/............
f 1,784
^ 1,815
1,371
1,386
1,027
1,039
343
347
414
428
1968..............
2,737
1,608
1,225
382
1,129
1969 2/............
f 3,511
\ 4,309
1,786
2,063
1,399
1,628
387
435
1,725
2,246
1970-Mar...........
4,474
2,166
1,687
479
2,307
4,878
2,317
1,801
516
2,561
5,199
2,453
1,928
525
2,746
5,640
2,555
2, 2 .
13
433
3,085
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 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 cover
age to those shown for the preceding date; figures on the second line
are comparable to those shown for the following date.
July 1971
97
r iPlTll. U f l V P U B H T O
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
1970
Country
1967
1968
2
27
7
3
64
92
11
61
79
4
6
31
24
86
3
310
#
4
*
1
814
205
3
78
4
4
114
120
11
63
42
4
4
37
25
116
5
393
1
9
1
1
March
1969 1/
June
September
December
Europe;
Spain....................
United Kingdom.............
..1,034
194
. ifM
226
4
9
8
9
#
10
4
6
1
33
24
11
5
1
124
6
16
5
7
*
6
3
7
1
33
20
18
5
2
130
6
16
9
6
*
13
3
9
1
25
37
22
2
1
150
9
18
10
7
*
17
4
12
5
16
43
31
2
4
179
11
13
8
6
*
24
8
10
5
13
27
46
4
5
178
15
14
9
5
*
21
5
6
5
19
28
57
38
6
229
10
17
11
6
*
28
5
6
5
14
35
89
24
5
255
11
19
11
6
*
22
5
4
4
18
37
144
23
6
310
1
5
12
4
3
63
1
8
5
5
45
151
1
5
12
4
17
89
1
9
5
2
30
176
1
5
18
4
12
136
2
8
3
3
32
224
1
7
20
5
14
143
2
9
3
3
26
233
1
7
27
5
15
132
1
6
4
3
25
227
1
7
37
7
17
114
2
7
4
3
27
227
1
8
41
7
21
135
1
7
8
4
46
282
1
9
38
9
24
144
1
7
9
4
49
296
*
*
8
3
11
23
1
*
11
5
7
24
2
*
13
7
27
49
2
1
14
7
28
52
3
3
19
1
29
56
14
2
19
2
35
72
15
3
24
2
48
90
2
3
34
1
38
78
61
8
69
1,386
*
45
5
49
1,608
*
60
2
62
1,786
*
61
7
68
2,063
*
65
6
71
2,166
*
70
6
76
2,317.
#
75
5
80
2,452
*
75
7
82
1,386
Germany...................
2
45
2
2
124
178
3
77
66
3
9
56
35
114
3
363
1
20
1
1
1,102
198
1,608
1,786
2,063
2,166
2,317
2,453
4
65
3
2
137
218
4
85
90
4
10
59
38
129
3
431
1
2
1
1
1
3
72
3
1
127
193
3
83
110
5
6
55
29
157
2
556
2
19
1
1
-,1|A28 .
204
4
71
3
1
156
164
3
85
116
5
5
47
31
157
2
635
1
2
1
2
1
. i.W
.
204
.
6
66
3
1
141
166
3
70
121
6
10
48
35
183
3
641
1
21
2
3
1*532
213
.
8
46
2
2
127
139
4
77
128
5
13
24
34
159
4
787
2
11
2
1
1.573
215
Latin America:
Chile....................
Cuba.....................
Other Latin American Republics...
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
Asia:
China Mainland.............
Hong Kong.................
India. ...... ..............
Africa:
Congo (Kinshasa)............
United Arab Republic (Egypt)...
O t e countries:
fhr
International_and.,
regional......
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
*
column are comparable to those shown for the following date,
Less than $500,000.
. ?,555
*
2,555
Treasury Bulletin
98
_______________________________ 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 December 31, 1970
Final
(Position in millions of dollars)
Country
Total
short-term
liabilities
Europe:
Payable in
dollars
Payable in
foreign
currencies
Chile....................
Other Latin American Republics. •
•
Netherlands Antilles and Surinam.
Asia:
China Mainland..............
Hong Kong...... ...........
India....................
1
12
*
*
32
48
*
a
17
*
*
3
1
79
1
79
*
*
*
*
297
53
11
19
11
6
*
22
5
4
4
18
37
144
23
6
310
10
16
10
5
*
20
4
3
4
13
33
136
23
5
282
1
2
1
1
*
1
1
1
*
5
4
8
1
1
29
1
9
38
9
24
144
1
7
9
4
49
296
1
7
35
8
24
134
1
5
9
3
37
263
2
2
1
1
10
*
2
*
1
13
33
1
3
33
1
38
75
1
*
1
*
1
3
75
7
82
LatinAmerica:
8
34
2
2
94
90
3
56
111
4
12
21
33
81
3
708
2
10
2
1
1,277
162
2
3
34
1
38
78
Switzerland................
Turkey....................
8
46
2
2
127
139
4
77
128
5
13
24
34
159
4
737
2
11
2
1
1.573
215
17
1
19
Africa:
Other countries:
International and regional......
2,555
*
57
6
63
2,123
*
Grand total.................
2,555
2,123
*
Less than $500,000.
433
-
433
July 1971
ntPlTAI. M f l U P U P W T H
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-HI-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1967
Europe:
1968
1
1
36
*
66
50
*
1
27
164
*
346
49
#
84
#
1969 1/
1970
March
June
September
December
Latin America:
Chile....................
Other Latin American Republics..•
Netherlands Antilles and Surinam.
Asia:
China Mainland..............
Africa:
38
189
*
56
58
#
*
5
134
469
*
7
1,041
42
1
138
*
56
663
#
133
76
*
7
*
7
294
667
#
5
2,046
47
1
169
*
95
642
*
129
83
*
7
*
20
272
*
689
*
5
2,
110:
50
1
161
*
92
728
*
139
118
#
7
*
26
316
6
759
#
5
2,357
54
2,511.
55
2
3
*
*
_
#
*
1
5
*
*
10
1
1
23
2
#
*
*
*
4
#
5
*
1
23
1
*
2
1
1
#
_
5
13
#
5
*
1
48
#
*
2
1
1
*
_
5
13
*
5
1
2
92
*
#
2
1
1
*
_
*
13
*
5
1
2
87
1
*
2
1
1
*
_
*
3
1
5
1
2
9Q
1
*
4
1
1
*
*
14
1
5
2
2
94
1
#
3
2
1
*
*
14
1
5
2
2
207
1
*
37
77
121
113
106
125
237
#
*
_
_
*
*
#
*
2
2
*
*
_
*
*
#
*
*
4
5
*
1
*
_
5
11
*
#
#
6
23
*
1
*
_
5
12
*
#
*
6
24
*
*
*
5
12
*
#
*
*
7
25
*
#
*
*
#
#
5
15
*
*
*
*
7
28
*
*
*
_
5
17
*
*
*
*
7
30
_
_
*
1
1
_
_
_
*
*
_
*
_
*
_
*
1
1
_
*
_
*
1
1
_
#
*
*
_
*
_
*
1
1
7
7
428
-
5
5
1,129
-
7
*
7
*
9
*
15
K
19
#
8
1,725
-
8
2,
246.
-
428
Finland...................
*
125
*
48
465
#
128
69
*
7
*
6
253
476
*
5
1,582
34
1,129
1,725
2,246
-
_
1
1
174
#
91
647
*
144
116
*
7
1
12
356
958
*
*
_
*
6
6
1
171
14
Ill
600
*
142
158
*
7
1
5
391
*
1,114
#
5
_
2.719
57
_
5
30
*
1
#
*
7
44
*
*
*
6
6
Other countries:
International and regional......
1/
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
*
-... - , „ „
9.
2,307
2,307
15
2,561
-
19,
2,746
-
2,
561.
2,746
21
*
21
3.085
-
3,085
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Less than $500,000.
loo
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 claims
End of
calendar year or
quarter^end month
1/
Payable in foreign currencies
Total claims
Total
Payable in
dollars
Long-term
claims
Deposits with banks Other short-term
abroad in reporter's claims payable in
own name
foreign currencies
1957.............
947
777
637
78
63
170
1958.............
943
720
568
88
63
223
1959.............
1,009
705
605
68
32
304
1960 2/...........
f 1,775
[ 1,859
1,432
1,505
824
875
58
71
549
560
344
354
1961-March 2/.......
f 1,633
^ 1,701
1,248
1,305
939
968
76
89
233
248
385
396
June 2/.......
f 1,895
[ 1,934
1,496
1,528
1,181
1,208
122
126
193
194
399
406
Sept. 2/.......
f 2,099
[ 2,117
1,646
1,664
1,323
1,340
131
132
192
192 J
453
Dec..........
2,138
1,636
1,335
150
151
502
1962-June 2/.......
f 2,443
( 2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
December 2/....
f 2,809
< 2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
f 2,929
( 2,979
2,113
2,162
1,712
1,758
201
204
200 '
I
200 /
816
June 2/.......
f
[
2,282
1,877
222
183
December 2/....
f 2,854
{ 2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
1964-June 2/.......
f 3,297
[ 3,245
2,482
2,430
2,000
1,952
220
219
262 \
260 J
815
December 2/....
f 3,738
\ 3,934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
1965 2/...........
f 3,565
\ 3,438
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
1966.............
3,884
2,628
2,225
167
236
1,256
1967 2/...........
f 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/...........
f 5,925
\ 6,449
3,710
4,117
3,124
3,494
221
244
365
379
2,215
2,332
1970-March.........
6,941
4,227
3,695
219
313
2,714
June..........
7,077
4,350
3,765
234
351
2,727
Sept..........
7,109
4,253
3,653
297
303
2,856
Dec...........
6,975
4,068
3,485
234
349
2,907
1963-March 2/.......
3,04
3,164J
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.
l/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shewn
f
^
766
882
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 cover
age to those shown for the preceding date; figures on the second line
are comparable to those shown for the following date.
101
July 1971
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)
1970
Calendar year
1967
E ro e *
u p:
1968
March
1969 1/
June
September
December
7
60
17
8
155
172
1
9
169
72
12
14
78
2
7
47
12
1,198
19
11
3
14
2,111
635
8
58
17
8
176
174
27
173
72
13
18
72
27
37
11
1,081
15
12
2
18
2,020
683
9
54
16
13
154
192
28
160
62
13
14
73
25
45
13
1,010
17
9
3
2
1
1,932
^>96
10
47
17
11
150
209
28
163
62
16
15
81
40
47
8
689
17
9
1
23
1,643
751
Other Latin American Republics...
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
Asia:
Taiwan...................
33
11
929
18
10
3
16
1,732
728
5
59
16
7
122
219
19
155
64
17
10
77
32
45
12
999
18
12
3
19
1,909
819
28
84
34
22
2
112
13
29
5
5
7
64
23
7
10
490
46
91
36
2
9
2
103
15
26
6
67
82
66
6
9
584
49
82
40
28
1
115
18
2
7
7
56
84
54
6
16
582
54
86
a
33
1
146
19
30
7
58
90
66
6
17
656
55
97
42
36
1
144
19
34
8
69
92
84
7
25
713
62
100
37
37
1
135
19
37
6
65
102
159
8
19
786
61
107
42
37
1
149
18
29
5
72
97
139
10
23
790
61
120
48
37
1
156
18
36
6
68
100
121
9
29
809
*
9
42
4
6
185
9
33
9
13
87
397
*
8
34
7
7
207
2
1
25
19
16
134
478
*
11
34
12
31
234
26
31
19
14
112
524
*
11
37
12
36
255
28
40
19
15
119
574
*
14
36
11
34
297
27
32
23
15
113
602
#
17
41
17
23
311
50
33
29
15
125
662
*
19
42
14
2
1
314
29
32
27
13
145
657
*
17
34
21
23
323
42
30
33
11
145
678
2
3
31
7
34
76
4
4
26
9
39
80
4
4
30
9
42
88
4
4
28
9
43
87
5
3
35
10
46
99
4
3
29
11
45
92
3
3
30
9
47
92
62
10
72
3,010
*
54
11
65
3,782
1
56
9
64
3,709
*
61
10
71
..4,lK ..
.... "
65
13
78
4,226
1
85
14
100
4,348
2
71
15
86
4,252
1
80
15
94
4,066
3,011
Chile....................
5
47
12
9
145
204
27
124
54
10
7
71
26
39
6
1,221
7
16
*
7
2,039
540
1
3
14
7
31
56
Latin Americas
5
42
11
6
111
134
20
103
51
8
7
90
24
29
9
774
4
14
1
7
1,449
547
3,783
3,710
4,117
4,227
4,350
4,253
4,068
5
53
15
6
114
192
18
143
45
15
10
71
ZJ
Africa:
Other countries:
1/ Data in the two columns shown for this date differ because of changes
” in reporting coverage. Figures in the first column are comparable in
*
1
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Less than $500,000.
Treasury Bulletin
102
_____________________________ 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 December 31, 1970
Final
(Position in millions of dollars)
Payable in foreign currencies
Total
short-term
claims
Payable in
dollars
Deposits with banks abroad
in reporter's own name
10
47
17
11
150
209
28
163
62
16
15
81
40
47
8
689
17
9
1
23
1,643
6
40
16
11
132
166
27
151
56
16
14
74
40
36
6
638
17
8
1
23
1,479
4
3
*
*
7
30
1
2
1
*
*
3
*
4
1
24
*
*
*
*
81
*
5
*
*
11
13
1
9
4
*
*
3
*
7
*
27
*
1
*
*
82
751
535
48
169
61
120
48
37
1
156
18
36
6
68
100
121
9
29
809
58
112
43
33
*
143
16
31
5
62
82
118
9
28
739
1
2
2
1
1
*
*
1
*
2
6
2
*
*
18
2
6
4
3
13
2
5
1
4
11
*
*
*
5
1
*
17
34
21
23
323
42
30
33
11
145
678
*
15
27
20
21
254
41
26
32
10
136
581
*
7
1
1
58
*
1
•
*
*
4
73
2
1
*
2
10
1
3
•
*
1
5
24
3
3
30
9
47
92
3
3
25
5
42
77
*
*
*
3
2
6
*
*
5
1
2
9
Intermtional_and regional......
80
15
94
4,066
1
60
13
73
3,484
1
8
*
8
234
-
12
2
13
349
*
Grand total.................
4,068
3,485
234
349
Country
Eorope:
Italy....................
Turkey....................
Latin America:
Argentina.................
Chile....................
Peru......................
Other Latin American Republics..•
Bahamas
Bermuda..............
Netherlands Antilles and Surinam.
Asia:
China Mainland..............
India................ ....
Philippines................
Taiwan....................
Africa:
United Arab Republic (Egypt)...
Other countries:
*
Less than $500,000.
O h e short-term claims
tir
payable in foreign currencies
103
July 1971
..CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United "States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
(In millions of dollars)
End of
calendar year
or month
Total
short-term
liquid
claims
Payable in dollars
Payable in foreign currencies
Deposits
Demand
Deposits
Short-term
investments 1/
Total
Time
Total
Demand
Short-term
investments 1/
Time
1,436
1,102
28
870
205
334
42
118
174
917
844
691
625
19
19
557
549
114
57
227
219
45
45
90
86
92
88
973
805
58
699
48
168
40
69
59
f 1,078
^ 1,163
901
985
66
66
702
786
133
133
177
178
50
51
77
77
49
49
1,638
1,306
28
1,192
87
332
49
222
60
f 1,318
^ 1,454
1,068
1,185
116
161
250
269
1,045
751
1964.............
f
^
1966.............
/
1968.............
1970.............
1
9i5
1,024
76
86
1'
74
183
172
121
1
1
178
208
66
142
200
138
247
109
261
148
112
174
181
232
159
74
245
151
164
94
126
177
183
303
336
177
177
159
166
171
175
341
121
172
133
293
180
124
293
114
152
191
141
333
174r
147r
3l8r
143
136
335
199
163
from the date on which the obligation was incurred by the foreigner.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. 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,
r Revised.
619
1
1
1,230
1,438
1970-Apr..........
1,053
May..........
1,461
1,013
1,214
1,476
1,215
1,041
July..........
1,191
1,009
1,423
1,276
868
Aug..........
1,031
1,072
1,375
Sept..........
889
1,082
905
1,418
Oct..........
1,436
1,095
Nov..........
924
1,045
751
Dec..........
619
918
1,211
795
1971-Jan..........
786
1,270
937
Feb..........
Mar..........
l,130r
\
983r
l,448r
1,130
967
Apr..........
1,465
Note: Data represent the liquid assets abroad of large nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
133
293
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
Calendar year
|
1970
Country
1967
1968
1970
1969 1/
Nov.
1971
Dec.
Jan.
Feb.
Mar.
Apr.
United Kingdom..........
5
19
15
27
13
6
621
4
48
88
25
18
13
979
24
9
52
15
4
4
610
27
9
58
15
4
6
663
6
12
31
15
6
7
363
12
27
30
14
7
8
628
6
12
3
1
15
6
7
363
4
16
33
17
10
6
511
3
16
29
16
10
8
539
2r
12
25
19
9
8
706r
7
11
41
18
10
7
687
Canada................
309
280
468
519
417
472
417
363
401
377r
387
Bahamas and Bermuda.......
10
52
36
45
77
127
77
140
135
169
182
Japan.................
78
69
62
62
57
59
57
59
61
72
69
All other countries 2/ 2/.•••
60
63
34
47
54
52
54
52
53
48
47
1,163
1,638
1,318
1,454
1,045
1,436
1,045
1,211
1,270
Belgium-Luxembourg 2J.....
France................
Germany................
Italy.................
Netherlands.............
Total.................
Note: Data represent the liquid assets abroad of large nonbanking concerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable
l,448r
1,465
in coverage to those shown for the preceding date; figures in the
second column are comparable to those shown for the following date,
2 j Through December 1967, Luxembourg included in "All other countries.”
2/ Includes the liquid claims of $500 thousand or more held by reporting
r
concerns in any country not listed above,
Revised.
Treasury Bulletin
104
.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 April 30, 1971
(Position in millions of dollars)
Country
Total
short-term
liquid
claims
Payable in dollars
Total
Deposits
Payable in foreign currencies
Short-term
investments 1/
Total
Deposits
Short-term
investments 1/
7
11
41
18
10
7
687
6
5
7
17
9
3
657
6
5
7
15
9
1
591
*
*
*
2
*
2
66
1
5
33
1
1
4
29
1
5
33
1
1
4
29
*
387
233
149
83
155
38
116
182
175
175
-
7
7
-
69
2
1
*
67
57
10
All other countries 2/.....
47
16
7
9
31
21
9
Total..................
1,465
1,130
967
163
335
199
136
United Kingdom...........
Note: Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on for
eigners reported by nonbanking concerns in the United States and are
included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
-
*
-
_
*
*
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was 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.
105
July 1971
_____________________________ CAPITAL MOVEMENTS______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1970
Country
1967
Europe;
Austria...................
1968
March
1969 1/
June
September
December
U•
S.S.R
.
Total Europe...............
*
4
2
3
15
12
56
124
297
13
21
79
85
1
6
159
2
15
*
4
2
3
16
11
5
5
125
313
16
20
75
47
2
4
161
4
15
-
*
4
1
3
17
13
58
125
10
13
22
83
68
1
5
152
3
14
-
-
_
-
-
*
306
322
453
419
584
496
1
595
537
1
895
549
1
873
557
1
877
597
1
854
645
74
212
91
16
9
91
8
18
2
15
36
6
*
1
577
66
194
54
10
9
73
13
17
1
16
40
2
*
498
64
172
198
19
9
73
17
20
1
16
41
2
*
2
633
65
174
200
22
9
77
29
21
1
20
44
3
*
2
668
60
178
201
24
9
74
29
30
1
21
76
2
*
2
707
58
175
•9
14
23
9
65
33
24
2
22
106
2
*
2
715
71
177
272
36
9
63
30
29
2
20
105
5
*
6
825
71
181
261
35
9
60
29
28
2
21
138
3
*
6
843
_
*
15
6
31
128
19
25
14
5
55
299
_
1
14
9
49
141
62
34
19
8
55
391
_
1
17
5
14
128
16
24
15
3
38
260
1
14
9
5
0
142
79
38
19
8
52
411
1
*
4
4
75
83
*
*
2
4
63
69
15
1
16
1,570
Italy................ ....
*
4
1
3
15
12
58
125
10
9
22
83
67
1
5
152
3
14
1
*
1
4
84
89
Denmark...................
Finland...................
2
5
1
*
21
30
56
27
9
4
13
74
39
*
6
147
1
18
*
*
35
3
38
1,790
1,570
1
8
11
1
17
36
51
22
4
5
12
60
2
16
6
43
*
10
-
*
4
6
3
15
16.
56
126
314
16
19
76
46
5
4
157
4
10
*
5
6
3
14
16
5
7
88
312
22
19
86
5
1
10
3
146
4
11
Latin America:
Brazil....................
Chile....................
Other Latin American Republics. •
•
Netherlands Antilles and Surinam.
Asia:
China Mainland..............
.......................
Indonesia.................
Japan....................
Thailand..................
_
_
_
_
1
13
14
49
158
88
37
20
11
54
444
1
12
14
48
166
90
36
22
13
49
452
1
11
17
48
144
78
40
28
13
48
427
2
13
17
46
140
79
42
29
14
49
430
*
*
•
2
4
69
75
.*
*
*
2
4
69
76
*
*
3
4
65
73
*
*
2
4
64
71
39
3
42
2,215
41
5
46
2,332
49
4
54
2,727
-
-
-
43
4
47
2,714
-
-
53
5
58
2,856
*
5
9
5
64
2,907
*
1,790
2,215
2,332
2,714
2,727
2,856
2,907
Africa:
*
1
4
66
71
Other countries:
International and regional.......
Grand total................
1/
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
*
column are comparable to those shown for the following date,
Less than $500,000..
106
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 U.S. Government bonds and notes
Net foreign purchases
Calendar year
or month
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
1971 Jan-May p
1970-Ma y
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1971-Ja n
Feb....
Mar....
Apr. p...
May p....
Foreign countries
Total
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-4
46
126
18
51
27
13
5
-93
23
49
46
20
88
5
-33
Official Other
foreign^
insti
ers
tutions
-237
524
-98
-20
-207
369
36
-59
-20
95
56
-245
30
48
-380
51
-79
64
111
-39
5
2
16
35
15
20
6
21
5
-2
-91
*
22
18
53
47
-2
-11
5
-34
Gross
foreign
Itrnen
national purchases
and
regional
273
165
224
532
-521
302
-315
-151
-427
-121
-161
11
-25
116
1
-8
1
-22
-1
17
99
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
679
462
74
64
72
95
40
• 36
41
118
100
118
130
13
103
Data include transactions in issues of'states and municipalities, and
of corporations and other agencies of the U.S. Government which are
Corporate and other securities
Net
Bonds 1/
foreign
Gross purchases
foreign of
Gross
Gross
Net
Net
sales corporate foreign foreign
foreign foreign
and other purchases purchases sales
purchases
securities
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
532
633
337
56
14
45
82
35
129
18
69
5
3
98
42
8
136
-39
435
252
223
60
207
-173
-375
678
1,070
4,234
2,681
1,582
443
-160
76
134
142
331
249
145
291
220
105
97
-25
47
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,195
956
363
40
13
82
38
106
91
47
75
89
137
123
-23
37
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,047
2,499
1,240
141
232
238
121
204
238
135
243
243
377
294
170
157
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
1,5*6
878
101
219
156
82
98
147
88
168
153
240
171
193
120
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
81
-200
63
52
104
225
158
98
216
130
-32
-26
-1
10
Stocks
Gross
Gross
foreign
foreign
purchases sales
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
5,467
628
626
54*
536
829
948
619
1,078
999
1,139
1,117
1,213
998
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
5,386
828
563
493
432
604
790
521
862
869
1,171
1,143
1,215
988
not guaranteed by the United States.
Preliminary.
* Less than $500,000.
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars: negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Foreign stocks
Foreign bonds
Net foreign
Calendar year
purchases
Net foreign
Gross foreign
Gross foreign
Gross foreign
Gross foreign
Net foreign
or month
of foreign
purchases
sales
purchases
sales
purchases
purchases
securities
195 8
195 9
196 0
196 1
1962.......
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
1971 Jan-May p
,
1970- a y
M
June....
July....
Aug....
Sept....
Oct....
Nov....
Dec....
1971-Ja n
Feb....
Mar....
Apr. p....
M y p.. .
a - .,
p
Preliminary.
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,544
-894
-654
65
30
-132
-222
3
-197
-1
-125
-313
-21
-50
-129
-134
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,026
-932
-483
47 '
16
-136
-237
17
-147
10
-123
-308
19
-14
-67
-108
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
704
116
113
126
143
110
109
97
140
116
126
176
174
112
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3.187
3,686
2,578
2,422
1.187
70
97
263
380
93
256
87
263
425
107
190
241
220
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
38
-170
18
15
4
15
-14
-50
-11
-3
-5
-41
-36
-63
-26
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
454
109
74
62
60
76
71
65
83
90
68
85
117
94
804
804
592
966
806
644
548
617
731
1.037
1,566
2.037
995
624
90
60
58
45
90
120
76
86
95
108
121
179
120
107
July 1971
fiAPTTAT, M O V E M E N T S
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable U.S. Government Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net e i flow of capital from the United States)
xt
Calendar year
1970
Country
1968
1969
*
1
*
1
*
-1
3
*
-13
1
-18
4
52
-l4
*
*
*
1
*
*
*
*
*
*
*
3
*
56
9
*
2
3U3
50
-112
*
*
*
_
*
-1
*
*
*
1
6
*
*
*
*
*
*
*
*
1
3
*
*
*
_
*
*
*
*
1
2
*
*
k
2
*
*
*
l
*
*
*
10
10
-
_
1971
through
May p
1971
Finland...................
Spain....................
Other Western Europe.........
LyWr1 ^rica:
*
Chile....................
Panama.... ...............
Other Latin American Republics...
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
Asia:
Africa:
Morocco....... •
...........
United Arab Republic (Egypt)...
Other countries:
-
_
3
3
Jan.
Feb.
Max.
*
2
*
*
*
*
*
51
*
49
2
*
1
*
*
1
47
*
48
*
*
*
-1
1
2
5
4
*
*
*
*
*
*
*
-
2
*
*
_
*
*
*
_
1
_
*
*
*
*
*
*
52
2
1
53
*
20
*
*
*
*
*
1
2
20
_
_
_
*
1
*
_
*
*
1
*
-
_
_
Europe:
Austria...................
Dec.
_
_
3
4
1970
*
*
6
*
*
*
*
*
*
7
*
92
*
*
,
*
*
*
*
*
*
*
*
*
-4
13
5
-
93
—
80
„ 14...
-3
35
35
*
-328
*
*
*
*
*
-1
5
Asian regional.............
-139
22
-
Total international and regional.
*
_
*
_
*
*
Apr. p
7
*
-7
3
*
*
*
*
*
3
8
5
*
*
1
*
*
1
-34
*
-35
1
*
_
_
*
•
_
*
*
*
_
*
_
*
*
*
*
_
_
_
_
_
_
*
_
_
_
*
20
*
*
20
*
*
*
*
*
*
*
*
*
*
*
*
_
_
_
*
*
_
*
_
_
-
_
_
-
_
-
_
*
*
_
-
_
-
*
*
3
-11
5
.
_
-
71
*
10
71
47
6
5
1
-31
6
-
113
3
-
-22
*
-
2
1
-
17
*
■
98
1
■
-l6l
11
25
116
-22
1
17
99
*
"
*
-489
4
46
126
49
46
20
88
5
-
International and regional:
p
*
Preliminary.
Less than $500,000.
*
May p
-
_
-
-
_
_
_
-34
_
1
1
, 73.
3.
Treasury Bulletin
108
_____________________________________ CAPITAL MOVEMENTS______________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes by Country
(Position at end of period in millions of dollars)
Calendar year
1971
Country
1968 1/
1967
1970
Jan.
Feb.
Mar.
Apr. p
*
*
9
1
6
*
*
*
2
37
*
1
5
42
407
21
7
538
272
*
1
3
1
6
*
*
*
2
37
*
1
5
49
*
499
_
21
6
632
192
*
1
3
1
6
1
*
*
2
37
*
1
5
48
*
546
_
21
6
679
192
*
1
3
1
7
*
*
*
2
37
*
1
5
49
*
544
_
26
6
683
191
*
1
3
1
7
*
*
*
2
37
*
1
5
48
*
537
*
1
3
1
7
*
*
*
2
37
*
1
5
45
*
545
27
27
6
675
6
680
188
*
*
*
*
_
*
*
*
*
*
2
4
12
*
*
*
*
*
*
*
*
*
*
*
*
*
*
2
4
12
*
*
*
*
*
*
2
4
12
*
*
*
*
*
_
*
*
*
*
*
2
4
12
*
18
18
17
17
*
*
*
*
*
*
*
*
*
2
4
12
*
17
1969
May p
Europe:
*
*
10
1
5
*
*
*
2
37
*
1
5
39
350
30
*
1
3
1
7
*
*
*
2
37
*
1
5
45
*
511
27
_
6
645
189
3
*
12
1
7
2
*
9
5
51
*
2
24
91
*
380
50
7
643
716
Other Latin American Republics..
.
Netherlands Antilles and Surinam.
Asia:
China Mainland.••••••••••••••••••
Thailand..................
Africa:
*
*
*
1
*
1
2
*
*
1
2
2
16
*
*
*
*
1
*
*
1
*
*
1
2
1
22
*
_
*
*
*
*
*
1
*
15
*
*
*
*
*
.
*
*
*
*
*
2
2
12
*
24
Chile....................
6
641
373
28
17
15
*
*
*
*
_
*
*
*
*
*
2
4
12
*
18
*
*
*
1
*
9
*
*
2
•
*
51
63
*
*
*
1
*
10
*
*
2
*
60
1
*
_
9
*
2
15
26
*
*
*
61
*
2
2
14
*
20
*
*
61
*
*
2
*
16
*
20
*
*
61
*
*
2
*
16
*
20
*
*
61
*
*
2
*
16
*
20
*
*
61
*
*
2
*
16
_
*
20
*
*
6l
*
*
2
*
16
*
20
*
*
61
*
*
2
*
16
79
99
99
99
99
99
99
*
*
_
42
42
_
*
*
_
42
42
>
*
*
_
*
*
_
*
*
42
42
42
42
42
42
*
*
_
42
42
3
*
11
2
7
1
*
6
4
38
*
1
6
87
*
432
36
73
6
488
.. 354’ "
*
*
_
_
■ m
'
_
_
*
*
*
19
19
*
*
*
22
22
_
*
_
11
11
_
*
*
_
7
7
*
1
1
1,466
*
1
1
1,138
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
927
912
983
1,030
1,033
1,022
1,027
993
International and regional:
International..............
Latin American regional.......
Asian regional..............
168
35
1
29
13
1
25
13
1
32
18
*
24
*
25
16
25
114
26
114
26
114
27
-
-
-
-
-
-
-
Total international and regional.
204
43
39
50
24
25
41
i4o
140
140
1,670
1,180
966
962
1,008
1*054
1,074
1,162
1,167
1.134
PAte cptt t i g
nr^:
All other.................
Grand total.................
Note: Data represent estimated official and private holdings of market
able U.S.Government securities with an original maturity of more
than one year. Data shown as of end year 1967 through end year 1968
(first column) are based on July 31, 19&3 benchmark survey of hold
ings and the regular monthly reports of securities transactions
(see Table CM-V-3). Data shown for end year 1968 (second column)
through latest date are based on a benchmark survey as of November 30,
1968, and the monthly transactions reports. For statistical
convenience, the new series is introduced as of December 31, 1968,
rather than as of the survey date.
l/
p
*
_
_
_
Hie difference between the two series is believed to arise from errors
in reporting during the period between the two benchmark surveys, from
shifts in ownership not involving purchases or sales through U.S. banks
and brokers, and from physical transfers of securities to and from
abroad. It is not possible to reconcile the two series or to revise
figures for earlier dates,
See Note above,
Preliminary.
Less than $500,000.
109
July 1971
.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 U.S. Government Bonds and Notes, by Country
Calendar year
1970
Country
1968
1971
through
May p
1969
1970
3
121
11
*
195
253
5
64
39
1
*
1
15
510
*
522
*
17
*
4
81
4
*
97
200
*
16
14
-23
*
l
11
169
*
251
*
-2
*
*
*
85
2
*
35
48
1
15
37
-18
*
3
1
134
*
118
*
2
*
1,757
68
815
32
464
128
*
*
*
1
2
*
*
*
1
*
-8
16
*
*
*
-1
*
-1
*
*
*
1
-1
-8
25
*
12
2
*
*
-8
*
Jan.
Dec.
-2
31
1
2
17
34
*
7
2
8
*
*
2
74
*
74
*
*
*
Europe:
1971
Feb.
Mar.
Apr. p
1
-2
*
*
10
14
*
4
l
*
*
*
*
32
32
*
92
11
*
3
*
*
3
3
*
1
*
*
*
*
1
7
7
*
*
*
-1
*
-1
27
*
-1
*
4
-1
-1
4
11
*
*
Total Europe...............
Canada.....................
Latin America:
19
-2
42
*
*
*
*
*
*
*
*
*
*
*
3
1
*
*
*
*
*
*
*
*
*
*
*
2
1
*
Chile....................
Panama....................
Other Latin American Republics. ••
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
4
4
*
*
1
*
*
-6
*
*
*
-1
*
*
1
15
*
2
*
*
251
34
*
*
*
*
*
7
*
*
3
1
5
9
*
*
*
*
*
1
-1
*
1
*
*
l4
3
*
*
*
*
*
*
1
*
*
1
*
-2
2
*
*
*
*
*
1
*
*
*
*
*
3
-2
*
*
*
*
*
1
*
4
3
*
14
25
11
1
-k
1
2
*
*
-12
1
*
4
-1
*
3
-11
2
*
*
1
2
1
*
*
*
_
_
*
*
1
*
*
_
_
_
_
_
4
6
*
*
*
*
_
_
_
_
_
_
3
*
*
2
-1
Turkey...................
United Kingdom.............
*
19
*
*
2
7
1
-1
3
*
*
-1
9
*
28
1
*
61
1
*
*
*
22
28
l
*
*
-12
-2
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
-1
-1
.
*
*
*
1
*
*
*
*
-
12
28
3
31
*
*2
4
3
*
3
2
5
*
1
1
16
*
21
*
*
*
85
. HT"
.
*
*
_
*
*
*
*
l
-
*
*
*
8
-1
6
May p
Asia:
_
Africa:
Othgr countries:
International and regional:
International..............
European regional...........
Asian regional.............
Total international and regional.
Grand total.................
10
1
11
18*
,17
-
-
_
*
2
3
*
*
*
.
.
*
_
_
*
*
_
_
3
5
1
*
*
-
_
1
*
*
*
5
3
*
_
*
7
-6
*
*
*
*
l
*
_
-
*
*
*
_
-
*
*
*
-
-
-
-
-
*
*
*
*
*
*
*
*
*
*
*
1
1
^7
*
*
37
-12
-12
72
*
*
112
*
*
.."i£
-2
...T t
f
65
*
-
11
-
-3
9
-
6
-
10
*
10
551"
-14
l
-12
632
-l4
260
117
343
-
-
7
324
*
-
82
*
-
8
-
-
52
-
117
336
324
82
8
52
65
11
-3
9
6
1,964
1,195
956
363
75
89
137
123
-3
2
37
Note: Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government which are
not guaranteed by the Uhited States.
-14
*
-
p
*
Preliminary.
Less than $500,000.
-2
*
Treasury Bulletin
uo
_____________________ 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 or a net outflow of capital from the United States)
Calendar year
1970
1971
Country
1968
1969
1970
19
226
1
*
150
216
1
1971
through
May p
Dec.
Jan.
Feb.
Mar.
2
28
*
1
45
57
*
20
46
*
*
3
2
1
*
-51
-1
1
*
1
17
*
*
39
27
*
5
8
*
*
*
*
39
*
14
*
*
*
1
35
*
_
-13
27
*
11
14
1
*
*
*
26
*
7
-1
*
*
*
12
*
1
-23
28
*
10
9
*
-1
2
*
-23
*
1
*
*
-10
*
*
-26
11
*
1
2
1
*
1
1
-27
*
-11
*
*
*
1
9
*
*
8
-10
1
2
8
-1
*
1
1
4
*
-18
*
*
*
*
1
*
*
9
*
*
5
13
1
1
1
1
10
*
6
*
*
*
-17
Europe:
Apr. p
May p
-245
*
2
*
*
1,094
125
482
9
55
-47
137
40
107
11
7
-3^
-59
1
-24
7
2
1
18
1
*
*
2
3
*
5
-1
2
-4
2
*
77
47
1
*
1
1
*
*
9
3
1
1
6
*
14
26
-4
2
-1
*
*
*
1
5
-1
-1
3
*
15
19
2
*
*
*
*
*
*
1
1
*
1
*
21
11
*
*
*
*
*
_
2
2
*
*
*
*
4
2
*
*
*
*
*
_
1
1
*
*
1
*
1
1
1
*
*
*
*
_
5
1
*
*
1
*
2
l4
*
136
47
29
32
6
5
18
*
*
*
*
*
4
1
*
1
*
*
17
2
1
14
2
*
*
*
*
2
*
*
-1
*
-3
2
-1
151
*
37
*
*
9
2
*
20
*
2
5k
12k
Norway... ................
2
-10
*
*
58
195
1
38
128
3
2
3
7
110
2
-33
*
2
*
*
1,592
3&>
France................. .
17
80
2
*
201
169
2
43
298
1
-12
3
-10
822
*
-28
-1
l4
1
*
9
*
*
*
3
*
42
*
1
36
90
*
5
5
*
*
2
10
*
1
*
*
16
85
*
19
2
*
*
3
*
*
*
2
1
17
_
3
*
*
*
3
*
*
*
2
4
*
3
*
*
*
1
*
*
*
*
11
*
*
*
3
*
*
*
*
*
3
_
3
2
*
*
1
*
*
*
*
*
9
_
8
*
*
*
4
*
*
*
-1
*
11
_
l
*
*
l
l
*
*
*
-1
*
l
*
*
-1
*
3
2
*
*
6
*
l
7
*
1
*
*
-1
1
*
*
1
*
*
1
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
l
*
*
l
2
1
1
1,451
1
*
2
*
1
*
1
1
52
1
119
*
*
*
32
*
*
*
32
l
*
*
*
*
Zokm '
"
*
*
*
213
Latin Americas
Chile....................
Panama* ..............
Other Latin American Republics..•
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
Asia;
Africa:
United Arab Republic (Egypt)...
k
5
*
-1
-13
*
*
*
5
iko
k9
189
2
2
5
-4
k90
1
Other countries:
1
3
3 2,257
International and regional*
International..............
European regional...........
Total international and regional.
Jo
*
Preliminary.
Less than $500,000.
36
_
36
22
_
22
29
*
29
3
_
3
11
_
11
*
_
*
6
_
6
2,270
p
*
12
_
12
1,487
626
81
216
130
__ 3?.
-26
1
7
24
4
3
5
*
..I ..
7
*
7
1
10
111
July 1971
f.AVTTAT. M n V E M B W T f i
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
1968
Europe?
1969
1970
1970
1971
through
May p
1971
Dec.
Jan.
Feb.
Mar.
Apr. p
May p
2
7
6
8
10
-22
*
21
19
6
3
1
-1
43
*
8
*
2
*
*
4
3
2
1
-13
*
6
1
*
*
2
1
40
*
-26
3
*
*
1
*
1
*
-10
*
2
*
*
*
-2
9
*
-4
*
*
-
*
1
1
*
2
1
1
-1
*
*
1
*
10
6
3
-
*
1
2
*
2
5
2
*
1
*
*
*
9
-11
-
*
4
1
2
2
2
1
*
*
*
1
18
5
*
-
117
-970
108
-685
23
-176
-2
-96
18
-101
1
30
.24
-47
-19
-14
3
-2
_
-31
3
2
1
*
3
-3
-202
-2
-267
1
-14
3
-3
-29
*
1
-2
15
-3
-12
7
-2
-69
2
1
53
2
*
-2
-24
*
*
5
-17
-6
1
1
10
*
1
3
*
-15
1
*
2
10
*
-13
4
1
-9
2
*
*
*
_
*
*
*
*
1
-4
*
1
*
*
*
*
*
_
*
*
*
*
1
1
-10
2
*
-10
*
1
*
*
_
*
*
*
*
2
1
2
1
*
5
-2
*
3
*
_
3
*
*
1
4
*
1
2
*
12
*
*
*
*
_
*
*
*
*
*
*
7
2
1
-4
2
*
*
*
-19
*
*
1
2
*
2
1
*
-12
2
5
2
-149
14
*
-16
-1
2
53
-97
1
1
*
-138
1
1
-7
-1
-6
-36
-192
2
2
-3
-161
18
3
1
*
1
14
-130
7
*
-2
-89
-9
3
*
*
*
2
-94
*
_
-33
1
_
*
*
*
*
-32
_
*
1
1
-24
1
_
*
*
*
1
-21
_
2
1
-15
1
_
*
_
*
1
-13
_
3
*
_
-16
3
*
*
*
1
-14
_
1
1
1
-15
1
_
*
_
*
_
1
-20
-6
3
•
*
*
*
*
5
*
8
*
-38
-24
_
*
*
*
-4
-4
_
*
*
2
2
_
_
_
_
*
*
_
_
_
_
1
1
_
_
_
*
*
_
_
_
*
*
_
_
_
_
*
*
_
*
*
_
_
_
*
*
3
6
9
-1,054
U.S.S.R..........................
1
42
4
10
1
59
-3
6
15
6
1
*
13
-26
*
-4
1
-8
*
218
-893
Finland...................
1
48
-1
9
23
23
2
25
5
5
12
-6
1
67
*
4
1
1
*
17
8
25
-1,093
13
10
23
-676
6
3
9
-247
2
*
2
-112
1
1
2
23
1
*
1
-24
1
1
1
-21
1
1
2
-114
-260
1
-68
-327
-1,380
54
6
6
66
-1,026
-177
1
—80
-256
-932
-185
*
4
-50
-231
-478
-192
*
5
ri^.„
-308
-6
*
3
6
*
4
4
1
*
-50
-46
-67
4
*
2
6
-108
Latin America:
Chile....................
Panama. ••••••••••...... .....
Peru............. .........
Uruguay...................
Other Latin American Republics..•
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
*
-1
1
1
-1
4
*
1
4
*
*
*
*
2
-18
*
,
*
3
1
*
*
1
*
1
*
*
1
*
1
*
-8
*
*
-15
13
.--3,
-72
Asia:
India.
Japan....................
Africa:
*
-17
_
_
-29
Other countries:
International and regional:
International...........
European regional...........
Latin American regional.....
Asian regional.............
Total international and regional.
Grand total.................
p Preliminary,
* Less than $500,000.
1
3
....i..
-127
4
*
_
4
-123
.-4____
19
10
-14
,
Treasury Bulletin
112
--------------------------------------- __CAPITAL MOVEMENTS
______________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
1970
1971
through
May p
1968
Greece...... .............
Italy......... ...........
*
-27
*
*
-25
8
*
1
49
*
*
-9
-2
14
*
-218
1
*
-211
-52
1
1
*
*
-8
20
*
7
63
*
*
*
*
37
*
-161
*
1
-44
-158
*
-19
*
*
-30
-4
1
-9
48
*
*
*
*
1
*
-43
*
*
-58
116
-4
*
*
*
_
-4
-7
1
1
-6
*
*
-11
*
*
-8
*
*
*
5
*
*
*
*
2
-19
5
*
-29
1
-3
2
*
_
1
-6
*
*
3
*
3
-13
*
-21
*
*
*
*
_
1
1
*
*
*
*
*
*
*
*
3
*
*
-2
-5
*
5
*
*
1
2
8
*
*
-3
-301
*
16
*
*
2
-279
1
*
*
1
5
*
1
*
*
-3
5
*
*
-14
*
*
-15
*
*
2
*
*
2
*
2
*
1
3
-2
*
-2
-312
France..... ..............
1970
-33
Europe:
1969
-6
*
-6
-517
3
*
-2
-2
-314
1
1
-517
Latin America:
Chile....................
Panama. ...... ••••••.........
Other Latin American Republics..
.
Netherlands Antilles and Surinam.
1971
Dec.
Jan.
Feb.
Mar.
*
5
_
2
*
*
*
-7
*
*
*
3
-13
*
-21
22
*
2
*
_
9
1
*
*
-2
*
*
*
1
*
-19
*
-16
19
2
*
_
-4
1
*
*
1
*
*
*
1
-13
*
-20
3
*
1
*
_
2
1
*
*
1
*
*
*
*
2
-13
*
*
-18
13
*
4
*
_
-2
1
*
1
*
*
*
*
*
-2
-20
*
_
-19
16
*
*
_
9
10
*
*
*
*
_
*
2
*
*
1
*
1
*
*
*
*
*
_
1
*
*
*
*
*
1
1
_
*
*
*
*
_
*
*
*
*
*
*
2
3
*
1
*
*
_
*
_
*
*
_
*
*
*
*
*
*
*
*
*
*
*
_
*
*
*
*
*
*
*
1
_
-4
*
*
*
*
_
*
*
_
*
*
*
1
*
*
1
2
1
*
*
*
2
-135
3
*
*
*
-lUO
_
*
_
*
1
*
_
*
*
*
*
1
_
*
*
_
1
-7
_
*
*
*
-8
_
1
*
_
*
-17
_
*
*
*
*
-17
_
*
_
_
*
-28
_
*
*
*
*
-30
_
*
*
*
*
-61
_
1
_
*
*
-62
_
*
*
*
*
22
*
*
*
*
-2
3
*
*
2
_
_
*
_
*
*
_
*
*
_
*
*
_
_
*
_
*
*
_
_
1
_
1
*
_
*
_
*
*
*
_
*
_
_
*
1
*
-1
-41
*
*
-37
*
*
*
*
*
-63
-23
*
*
1
1
-36
_
*
_
3
k
*
1
U
*
*
*
*
3
*
-2
7
*
*
_
*
-61
55
Apr. p
May p
*
-k
*
_
-k
1
*
*
1
*
*
1
*
k
_
Jo
Asia:
India....................
Israel....................
Japan....................
Africa:
*
2
Other countries:
International.a f regional:
nl
International..............
Total international and regional.
Grand total.................
p Preliminary.
* Less than $500,000.
-3
36
1
1
-169
*
*
*
*
*
3
5
2
2
38
1
1
-170
3
5
-41
-63
3
-3..
.26
July 1971
113
___________________ CAPITAL MOVEM ENTS_____________________
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 May 1971 Preliminary
(In millions of dollars)
Gross purchases by foreigners
Country
Domestic securities
Marketable
Corporate and
Total
U.S. Govern other
purchases ment bonds
and notes
Bonds Stocks
Europe:
Foreign securities
Bonds
Stocks
Total
sales
Gross sales by foreigners
Domesticisecurities
Foreign securities
Marketable
Corporate and
U.S. Govern other
Bonds
Stocks
ment bonds
and notes
Bonds Stocks
4
89
l
*
100
98
1
18
59
6
2
6
3
289
*
202
*
2
*
_
*
*
20
*
_
-
*
7
.
_
2
31
*
2
3
4
*
*
1
19
29
*
_
*
3
74
*
_
93
62
1
14
53
1
1
5
1
252
*
139
*
2
_
-
*
6
1
*
4
3
2
*
*
*
1
1
8
*
4
*
_
*
*
3
*
_
1
2
*
1
3
*
*
*
10
10
*
*
_
-
3
90
1
*
95
71
1
23
47
2
*
7
5
271
*
245
*
2
_
*
*
1
*
*
1 '
54
*
_
-
*
8
*
_
3
5
3
3
*
*
1
2
15
17
*
_
-
3
72
1
*
83
61
1
19
40
2
*
5
2
242
*
145
*
1
*
3
*
4
3
1
1
*
*
*
1
7
12
*
_
-
*
7
*
5
1
*
1
3
*
1
*
6
16
*
*
_
-
881
20
3°
47
56
26
33
124
40
4l6
55
72
678
139
30
52
861
73
_2§—
26
702
338
6
*
3
1
9
8
*
1
6
1
65
44
1
144
_
_
_
_
_
_
-
*
_
*
*
_
*
*
*
*
*
_
7
3
*
2
*
2
_
_
1
*
*
1
2
*
6
2
*
*
*
*
*
1
*
*
*
*
*
3
1
*
6
7
7
*
*
1
_
7
5
1
*
4
1
52
37
1
115
*
_
*
-
16
_
_
_
_
_
*
_
_
_
*
*
2
*
20
*
*
*
4
1
*
10
7
*
3
1
_
28
5
1
1
5
1
62
43
2
157
*
*
*
*
*
*
*
*
*
*
4
1
*
-
4
*
*
1
_
7
7
*
*
3
1
49
39
1
112
29
1
*
*
*
*
*
2
3
6
26
*
India......................
*
Indonesia...................
Israel.....................
3
Japan......................
22
*
Korea......................
Philippines.................
1
*
Taiwan.....................
Thailand....................
1
Other Asia..................
6
Total Asia..................
... f t
Africa:
*
Congo (Kinshasa)..............
*
Morocco....................
*
South Africa.................
*
United Arab Republic (Egypt)....
Other Africa.................
l
Total Africa.................
2
Other countries:
Australia...................
2
All other...................
1
Total other countries..........
3
Total foreign countries..........
1,426
International and regional:
International................
35
*
European regional.............
Latin American regional........
3
Asian regional...............
Total international and regional...
38
_
_
8
*
_
-
*
_
_
*
*
*
*
*
*
25
*
*
1
3
*
1
*
*
6
*
_
_
l
_
*
*
9.
*
_
*
*
26
*
1
23
49
3
2
*
2
7
_
_
_
_
8
_
_
-
_
*
_
_
*
*
*
*
*
*
24
*
*
2
2
*
1
*
2
6
*
_
l
21
8
3
*
_
*
l
*
_
*
32
*
*
*
*
8
1
37
4
11
112
8
36
34
1
*
_
*
*
*
*
*
*
_
_
_
*
_
*
_
*
*
*
1
*
1
_
_
_
l
_
_
*
33
_
_
1
*
1
*
*
2
l
*
_
*
-
l
1
101
135
990
*
*
9k
3
*
*
*
*
*
-
-
22
-
8
*
Latin America:
Chile......................
Other Latin American Republics...
Bahamas and Bermuda...........
Netherlands Antilles and Surinam..•
Total Latin America...........
Asia:
China Mainland...............
1.464
*
Less than $500,( X .
X)
.
_
-
1
-
-
_
1
22
8
10^
151-
, -22§_
1
2
*
*
*
*
2
105
3
1,550
__ 1_
156
38
-
*
_
*
_
*
l
-
*
2
*
*
*
*
2
92
*
9»7
_
219
118
28
1
1
3
T
135
*
*
l
*
#
-
5
*
2
_
_
33
1
1
7
.
34
1
28
1
1
1,584
136
120
988
220
*
_ ,13£-
.St
.i-
..
120
Treasury Bulletin
114
.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 1970
___________________ (In millions of dollars)___
Gross purchases by foreigners
Cou t y
nr-
Less than $500,000.
-
*
1
*
-
*
*
*
-
*
-
18
*
513
-
3
144
3
*
65
117
2
31
73
6
*
4
15
348
*
463
-
21
502
4
*
638
507
2
103
743
12
4
30
9
2,486
1
967
*
16
4
87
10
8
38
61
*
37
36
12
3
2
12
229
*
163
*
1
*
24
*
*
_
6,045
1,212
704
431
13
1
53
1
*
13
8
1
2
6
2
37
10
*
6
1
*
*
1
1
17
15
*
146
46
6
2
31
21
10
*
*
2
149
-
-
1
*
1
19
82
4
*
*
1
166
_
■
*
*
3
1
8,912
2,664
1
534
45
*
1,277
513
26
4
61
7
*
75
57
15
*
-
¥
■
1
*
1
*
-
_
*
*
-
5
9
*
1
4
1
92
34
*
11
2
4
6
*
52
39
14
5
38
8
696
463
5
6
149
1,343
*
20
*
*
5
*
*
1
2
-
-
*
*
*
*
22
32
8
49
13
845
525
6
1,690
#
184
23
*
42
197
*
13
1
6
120
587
•
*
*
5
*
43
49
-
*
1
3
3
-
-
2
2
25
_
_
35
35
*
163
*
*
8
24
*
8
1
2
75
282
*
*
4
*
6
11
*
*
_
1
1
20
12
32
13.933
645
1
1
2
1,973
668
1
26
21
526
30
_
_
_
12
695
34
14,628
-
679
:
5
*
5
-
-
_
27
26
*
5
102
*
*
2
*
67
*
98
_
*
*
352
— Z5T
2
*
2
*
_
*
Total
sales
28
693
16
1
695
496
3
109
722
40
2
32
43
2,852
3
2,063
*
23
2
7,824
'3;i9r
25
5
5
9
*
68
83
15
9
40
29
827
502
11
1,627
*
124
1
4
199
161
3
11
1
6
70
579
Gross sales by foreigners
Domestic securities
Foreign securities
Marketable
Corporate and
U.S. Govern other
Bonds
Stocks
ment bonds
and notes
Bonds Stocks
*
6
*
*
*
-
*
*
*
-
*
-
11
_
421
_
*
1
441
124
_
_
*
*
*
*
*
3
*
6
3
*
*
1
*
87
26
*
4
124
*
3
*
*
*
*
■
*
-
-
*
*
*
*
-
4
*
5
_
2
2
*
*
13
10
23
1,387
2
*
2
1,031
23
1
23
13,266
89
1
14
2
_
5
3
-
528
*
100
2
629
526
30
103
2,499
8,927
1,490
1,033
13,895
814
*
*
_
*
*
1
*
1
*
-
*
1
6
*
12
20
*
2
5
9
2
*
30
69
*
16
36
24
*
1
14
214
*
345
*
1
N
*
*
*
Stocks
C
"
$
Grand total................ .
.
28
757
17
9
769
712
4
175
953
30
7
39
37
3,147
1
2,204
*
20
Foreign securities
Bonds
to
Austria.................. .
Belgium-Luxembourg.......... .
Denmark.................. .
Finland.................. .
France......... ...........
Germany.................. .
Greece................... .
Italy.................... .
Netherlands............... .
Norway................... .
Portugal................. .
Spain.................... .
Sweden................... .
Switzerland............... ,
Turkey...................
United Kingdom............. ,
Yugoslavia................
Other Western Europe........
U.S.S.R..................
Other Eastern Europe........ ,
Total Europe......... .....
Canada.....................
Latin America;
Argentina..................
Brazil...................
Chile....................
Colombia.................
Cuba....................
Mexico...................
Panama...................
Peru....................
Uruguay.................. <
Venezuela...............
Other Latin American Republics..
Bahamas and Bermuda......... .
Netherlands Antilles and Surinam,
Other Latin America......... .
Total Latin America......... .
Asia;
China Mainland.............
Hong Kong..................
India.....................
Indonesia..................
Israel................... .
Japan.....................
Korea.................... .
Philippines............... .
Taiwan... ................ .
Thailand................. .
Other Asia................ .
Total Asia................ .
Africa:
Congo (Kinshasa)............
Morocco...................
South Africa...............
United Arab Republic (Egypt)...
Other Africa...............
Total Africa...............
Other countries:
Australia......... ..... .
All other.................
Total other countries........
Total foreign countries........
International and regional:
International..............
European regional...........
Latin American regional.......
Asian regional..............
Total international and regional.
Domestic securities
Corporate and
Marketable
Total
U.S. Govern other
purchases ment bonds
and notes
Bonds Stocks
_
_
-
*
*
*
-
*
*
*
1
___ £
-
*
_
1
1
_
*
1
5,563
1,220
410
348
11
2
4
6
*
42
41
15
6
32
8
683
437
9
1,296
11
*
*
2
3
3
*
*
15
32
*
1
1
19
43
8
1
5
7
*
*
4
1
14
28
*
136
67
4
*
3
192
3
3
2
9
*
*
1
144
*
3
*
*
4
161
*
109
*
*
6
14
*
6
1
2
5
9
197
*
1
4
*
7
12
4
8,29^
202
*
-
_
6
5
9
202
1,543
_
_
14
1,341
633
_
16
17
6
*
1
13
186
*
155
*
43
*
*
57
31
1
14
54
*
*
3
*
65
*
141
*
596
1,116
4
*
_
3
80
4
*
28
83
3
-
574
14
23
512
4
*
580
313
2
64
615
9
2
28
16
2,376
3
1,000
*
19
8
_
_
_
5
212
_
*
*
4
4
*
-
*
2,063
_
*
*
2
*
1
4
4
*
5
995
266
*
94
_
8
359
-
8,301
2,422
995
:
-
July 1971
115
_____________________ CAPITAL MOVEMENTS_______________ _
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-1. - Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
1970
Calendar year
1971
Country
1968
1969
1
l4
1
*
31
22
1
16
22
3
1
7
3
239
*
67
*
1
*
2
19
*
*
18
*
2
6
*
*
15
11
*
9
11
2
*
3
3
115
*
30
*
2
*
118
17
210
50
430
2
*
*
1
*
4
6
1
1
1
1
*
*
5
1
2
1
1
1
*
6
6
l
2
2
2
k
1966
Europe:
Austria,..................
U.S.S.R.
Latin America:
Brazil....................
Chile....................
Cuba.....................
Panama.••••••••••••••••••••••••••
Uruguay...................
Venezuela.................
Other Latin American Republics..
•
Bahamas and Bermuda..........
Netherlands Antilles and Surinam.
1
3
*
*
8
10
*
7
8
1
*
2
1
61
*
13
*
2
1967
2
......"87
Ik
*
8
12
1
*
3
1
153
*
61
*
1
*
March
June
September
1
16
*
*
26
13
*
7
9
1
1
3
1
120
*
1
19
*
*
12
18
*
8
12
1
1
5
1
118
*
31
*
1
1
11
*
*
16
12
*
9
9
1
1
*
185
29
kl
*
1
*
*
*
24
952
2kl
229
1
*
*
*
*
3
3
1
1
5
1
l
*
*
*
*
*
h3
"
w
1
1
*
1
1
*
*
*
*
3
3
*
1
k
k
k
1
27
22
*
64
1
20
2k
k
3
1
*
*
*
*
2
k
1
11
4
*
7
2
3^
20
*
26
34
82
6k
*
5
*
*
1
1
*
*
*
*
5
Asia:
1
3
2
*
6
*
*
*
*
12
*
*
1
*
10
*
*
*
*
*
3
*
*
7
21
*
*
7
18
*
*
5
22
*
*
*
*
1
1
*
*
*
*
1
1
1
*
-
1
*
1
434
-
636
k3k
2
*
1
*
*
2
6
*
11
*
*
7
13
15
3k
*
*
*
*
1
1
*
*
*
*
1
1
*
*
1
*
1
*
*
*
311
-
1
*
International and regional......
*
*
*
175
-
Grand total.................
175
311
Africa:
United Arab Republic (Egypt)...
Other countries:
Total other countries........
Note:
2
1
636
Data represent the money credit balances (due to foreigners), as
appearing on the books of reporting brokers and dealers in the
United States, in accounts of foreigners with them, and in their
accounts carried by foreigners.
3k
Ik
*
k
l
96
*
24
*
1
1
December
1
17
1
*
26
17
1
16
Ik
1
*
6
1
100
*
40
*
1
*
■ ' ”
36
1
*
*
*
*
3
3
*
1
5
1
15
11
*
40
Marchp
1
27
1
*
31
29
1
2k
15
2
1
9
3
134
*
64
*
1
*
342
52
1
*
*
*
*
5
6
*
1
8
1
26
Ik
*
20
*
kl
58
*
8
*
*
1
*
*
*
13
*
*
1
1
*
19
*
*
*
1
*
2
2
10
*
*
*
1
*
1
*
*
4
17
27
*
*
*
*
1
1
*
*
*
*
1
*
*
*
*
1
2
2
1
36&
-
1
*
1
334
-
1
*
1
291
-
1
*
1
349
-
1.
511
-
368
334
291
349
511
2
*
*
5
Ik
*
64
32
*
*
1
2
*
3
*
*
10
48
*
*
l
*
l
3
1
*
1/ Through June 1967, Luxembourg included in "Other Western Europe."
p Preliminary.
* Less than $500,000.
Treasury Bulletin
________________________ CAPITAL M O VE M EN TS-______________________________________________ _
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-2. - Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)
1970
Calendar year
1971
Country
1966
Europe:
Canada.....................
Latin America:
Chile....................
Panama...... .
Other Latin American Republics..
.
Netherlands Antilles and Surinam.
1967
1968
1969
March
June
*
1
*
■
*
5
6
1
6
2
1
■
*
3
*
20
*
12
1
_
*
¥
■
*
15
■
*
*
22
20
1
13
12
1
*
5
1
106
*
41
*
5
*
*
8
13
*
8
7
1
•
*
2
1
3
5
*
27
_
1
_
_
92
40
September
December
*
3
*
*
7
13
1
7
4
*
*
3
*
27
*
24
*
9
*
*
16
20
1
12
8
1
*
3
1
36
*
44
*
1
*
*
152
49
155
57
March p
*
59
28
2
_
*
146
71
■
*
5
1
*
12
14
*
9
12
1
*
2
1
50
*
37
*
1
_
_
239
141
146
61
108
39
*
4
1
*
9
10
1
10
8
1
*
2
1
25
*
16
1
_
*
88
40
2
1
1
*
*
4
4
*
1
2
*
1
3
*
20
3
1
*
*
*
6
5
*
1
3
1
15
4
*
40
3
*
1
*
*
5
4
1
3
2
*
38
18
■
*
77
3
*
1
*
*
3
4
*
1
3
1
24
6
*
2
*
1
*
*
4
3
*
1
2
2
27
8
*
51
2
*
*
*
*
2
5
*
*
2
1
6
6
*
26
2
1
*
•
*
*
3
4
*
*
3
1
23
4
*
40
2
1
*
*
*
3
4
*
*
4
1
21
5
*
2
1
*
1
*
4
5
*
*
4
1
21
8
*
41
48
2
1
*
10
13
1
9
5
*
*
3
2
74
*
23
-
-
1
45
1
•
*
*
8
*
*
13
22
1
18
9
1
*
7
1
42
*
33
*
1
_
*
•
Asia:
-
Africa:
-
-
-
11
*
*
1
1
*
*
*
*
7
20
19
•
*
*
1
1
•
*
1
*
*
17
40
18
*
*
*
1
*
10
*
*
18
49
12
*
*
1
*
•
*
2
*
2
7
24
10
*
*
1
*
*
1
*
3
6
22
15
*
*
1
*
*
2
*
.
1
6
26
_
16
*
*
1
1
*
1
*
2
7
28
_
23
*
*
2
1
*
1
*
*
6
35
33
*
*
1
1
*
1
*
*
*
*
*
1
*
*
*
*
1
*
*
1
*
*
2
*
*
1
*
*
1
*
*
*
*
*
1
*
*
*
•
*
•
*
1
*
*
*
*
1
1
*
*
*
*
1
1
*
*
2
*
1
3
*
*
1
128
-
*
*
*
298
-
*
*
*
508
-
1
*
1
278
-
*
*
1
220
-
1
*
1
182
-
1
*
1
203
-
*
*
1
*
*
*
279
-
314
-
128
298
508
278
220
182
203
279
314
¥
■
1
12
50
Other countries:
All other.................
Grand total.................
Note: Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in
the United States, in accounts of foreigners with them, and in
their accounts carried by foreigners.
1/ Through June 1967, Luxembourg included in "Other Western Europe.”
p Preliminary,
* Less than $500,000.
117
July 1971
FINANCIAL,OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
The financial statements of corporations and other busi-
were presented in the August 1956 Bulletin.
Loans shown on
ness-type activities of the United States Government, which
the statements of financial condition are classified by type
have appeared in the "Treasury Bulletin” since the August 1956
and account in Section III, Table GA-III-2.
Statements of
issue, are compiled from reports submitted to the Treasury
income and expense and source and application of funds are
under Department Circular No. 966, issued January 30, 1956, and
published semiannually, for June 30 and December 31 reporting
Supplement No. 1, Revised, issued June 16, 1965.
dates, and appear as Section I, Tables GA-I-2 and GA-I-3.
These regu
The
lations were issued pursuant to the Budget and Accounting
first of these statements under Circular 966 covered the fiscal
Procedures Act of 1950.
year 1956, and were published in the January 1957 Bulletin.
They superseded Budget-Treasury
Regulation No. 3, issued under Executive Order No. 8512 of
All funds shown in the statements are noted to indicate whether
August 13, 1940, as amended by Executive Order No. 9084 of
they are public enterprise revolving funds, intragovernmental
March 3, 1942, under which financial statements previously
revolving funds, trust or trust revolving funds, or general and
published in the Bulletin were submitted.
special funds.
Department Circular No. 966 requires submission of finan
Supplement No. 1, when originally issued in 1956, extended
cial statements by all wholly owned and mixed-ownership Govern
the coverage to include all executive agencies and activities
ment corporations specifically included in the Government
not previously reporting under Circular 966, but required only
Corporation Control Act, as amended (31 U.S.C. 846, 856); and
a statement of financial condition annually as of June 30.
all other activities of the Government operating as revolving
These were activities which were not principally of a business-
fluids. Other activities and agencies whose operations, serv
type nature.
ices, or functions are largely self-liquidating or primarily
counting procedures to provide complete balance-sheet type
.Those which had not yet developed formal ac
of a revenue-producing nature, and activities and agencies
statements were temporarily authorized to report only assets.
whose operations result in the accumulation of substantial
Thus, the supplement rounded out provisions for information on
inventories, investments, and other recoverable assets, were
properties and other assets, as well as liabilities, of the
brought under the regulations as the agency accounting systems
United States Government all of which is needed by Treasury for
were developed to where they were capable of furnishing the
the compilation of complete Government-wide financial reports.
required financial reports.
The first comprehensive reporting under the original Supplement
Four kinds of financial statements are called for by
Department Circular No. 966. They are statements of financial
condition, income and expense, source and application of funds,
and certain financial contingencies. The statements of finan
cial condition are published quarterly and appear as Section I,
Table GA-I-1.
The first statements of financial condition
published under Circular 966 were as of March 31, 1956, and
No. 1 was for June 30, 1957, and the data were published in the
December 1957 Bulletin as Part B of Table 4 in Section I.
Statements submitted under this supplement are now published
annually in Section II, Table GA-II-1. The revision to Supple
ment No. 1 in 1965 made no basic change to the overall purpose
of the originally issued supplement; it updated and consolidat
ed all amendments to both the regulation and instructions.
118
Treasury Bulletin
g T M A M r T A T . OPERATIONS OF GOVERNMENT AGENCIES AND w m m n
Section III - Federal Credit Programs
Table GA-III-1. - Direct Sales and Repurchases o f Loans
Export-Import
Bank of the
United States
Total
Fiscal year
or month
Sales
1963.......
1964.......
1965.......
1966.......
1967.......
1968.......
1969.......
1970.......
1970-May....
June....
July....
Aug....
Sept....
Oct....
Nov....
Dec....
1971-Jan....
Feb....
Mar.... •
Apr....
May....
Repur
chases
-
Sales
1,275
1,150
936
596
954
1,070
1,337
2,115
92
213
428
842
336
436
124
63
153
91
379
406
49
137
154
393
203
250
162
494
172
255
76
274
56
44
49
28
33
24
34
31
23
15
11
20
19
28
*
90
16
41
4
97
2
2
3
29
13
-
Rep\u>
chases
_
-
261
_
-
2
-
(In millipns of dollars)
Housing and Urban Development Department
Farmers Home
Small Business
Government
Administration
National Mortgage Office of Secretary Administration
2/
Association 1/
Sales
2/
133
119
157
291
729
974
959
1,668
35
23
137
372
188
196
150
374
77
202
63
235
13
Repur
chases
_
-
-
50
174
405
569
43
48
27
32
23
33
30
22
14
9
15
17
27
Fiscal 1971
2
2,006
248
208
265
2,489
to date....
2/ The secondary market operations of Federal National Mortgage Association were converted to private ownership effective Sept. 3 , 1968,
0
pursuant to P.L. 90-4 - (82 Stat. 536). Amounts reported exclude the
48
following applicable to secondary market operations: net sales, 1963
$547 million; net purchases, 1964 $67 million, 1965 $232 million,
1966 $1,838 million, 1967 $1,107 million, 1968 $2,316 million, 1969
Sales
Repur
chases
_
Sales
307
144
264
6
~
-
34
104
33
11
~
_
_
_
-
-
-
-
-
-
-
-
Repiuv
cbases
-
-
~
_
-
-
Sales
Repur
chases
Veterans
Administration
Sales
Repuiv
chases
5
5
31
120
2
*
*
_
_
2
15
6
*
460
342
327
105
71
2
*
38
_
_
_
41
24
17
12
_
30
_
1
1
-
14
24
1
21
15
13
8
23
93
51
10
9
-
-
1
1
1
1
1
1
1
1
1
1
2
2
1
2
244
12
30
through Sept. 3 1968 $296 million.
0,
2/ Includes college housing, elderly housing, and public facility loans,
2/ Sales by fiscal years are on basis of actual figures sham in the
Budget document and include initial sales of loans from credit insurance funds. The monthly figures are on basis of agency reports.
* Less than $500,000.
-
July 1971
119
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Federal Credit Programs
Table GA-III-2. - Loans Outstanding, March 31, 1971
Excluding Interagency Loans
(In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Total
1/
To aid agriculture:
Loans to cooperative associations:
Economic opportunity loan fund....................................
Farmers Home Administration:
Direct loan account...........................................
State rural rehabilitation funds.................................
Crop, livestock, and commodity loans:
Commodity Credit Corporation......................................
Farmers Home Administration:
Direct loan account...........................................
Loan
account
2J
15,620
398,969
13 U
5,606,963
Foreign
currency
loans y
15,620
398,969
13 U
5,606,963
Expenditure
account
_
-
-
2,838,814
_
2,838,814
176
104,873
176
104,873
_
-
141,051
141,051
_
115,914
240,098 5/
585,236 5/
10,461 U
115,914
240,098 5/
585,236 5/
10,461 U
-
-
605 6/
605 6/
_
_
-
-
2,838,814
-
Storage facility and equipment loans:
_
-
Farm mortgage Doans:
Farmers Home Administration:
Direct loan account...........................................
Rural housing insurance fund....................................
State rural rehabilitation funds.................................
Other loans:
Consumer and Marketing Service:
Milk market orders assessment .' n ................................
"ud
Economic opportunity loan fund:
51,739
Watershed protection and other loans..............................
51,739
737,700 2/
1,378 l j
1,379
10,850,987
737,700 5/
1,378 y
1,379
8,012,173
9,833
788,478 2/
Farmers Home Administration:
Direct loan account...........................................
9,833
788,478 2/
-
-
1,682,915 5/
3,373,998 2/
58
_
-
_
_
Mortgage loans:
Housing and Urban Development Department:
Federal Housing Administration:
Government National Mortgage Association:
Management and liquidating functions.............................
Special assistance functions...................................
Low-rent public housing.............'..........................
.
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project............................
Veterans Administration:
Direct loans to veterans and reserves.............................
Loan guaranty revolving fund....................................
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation.......................
Other loans:
Funds appropriated to the President:
Appalachian housing fund.......................................
Agriculture Department:
Farmers Home Administration:
Self help housing land development fund:
Loans to public and private nonprofit organizations................
Veterans Administration:
Direct loans to veterans and reserves.............................
Loan guaranty revolving fund....................................
Total to aid homeowners...........................................
To_&id_ industry:
Loans to railroads:
Expansion of defense production:
Treasury Department...........................................
Other purposes:
Treasury Department:
Reconstruction Finance Corporation loans in liquidation..............
Interstate Commerce Commission...................................
Ship mortgage loans:
Commerce Department:
Federal ship mortgage insurance fund..............................
Maritime Administration........................................
Other loans:
Expansion of defense production:
Interior Department...........................................
Treasury Department...........................................
General Services Administration..................................
Defense production guarantees:
Air Force Department..........................................
Army Department..............................................
Navy Department..............................................
Footnotes at end of Section.
1,682,915 5/
3,373,998 5/
58
140
-
140
1,267,690 5/
16,220
1,267,690 2/
16,220
.
-
.
-
215,720
215,720
_
_
1,064
1,064
216
216
_
_
-
-
1,064
-
4,571
70,639
-
-
21,002
45,223
21,002
45,223
-
-
2,566
4,919
17
4,919
17
974
462
2,735
974
462
2,735
51,221
1,251,410 5/
51,221
1,251,410 5/
8,658,962
8,657,898
1,850
1,850
4,571
70,639
(Continued on following page)
2,566
-
-
_
_
-
-
-
-
Treasury Bulletin
120
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Federal Credit Programs
Table GA-III-2. - Loans Outstanding, March 31, 1971
Excluding Interagency Loans - (Continued)
(In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Total
1/
To aid industry (Continued):
Other purposes:
Commerce Department:
Economic Development Administration:
Economic development revolving fund............................
National Oceanic and Atmospheric Administration:
Fisheries loan fund........................................
Interior Department:
Geological Survey 8/.........................................
Transportation Department:
Eight-of-way revolving fund 8/ and urban mass transportation fund.......
Treasury Department:
Reconstruction Finance Corporation loans in liquidation..............
General Services Administration:
Reconstruction Finance Corporation liquidation fund.................
Small Business Administration:
Business loan and investment fund...............................
Total to aid industry.............................................
If a f etoaUoii:
f il
Health, Education, and Welfare Department:
Office of Education:
Elementary and secondary educational activities 8/....................
Higher educational activities, loans to institutions 8/................
Higher educational activities, advances for reserve funds 8/............
Higher education facilities loans fund.............................
Loans to students in institutions of higher education 8/...............
Student loan insurance fund.....................................
National Institutes of Health:
Loans to institutions:
Health professions education fund...............................
Nurse training fund..........................................
Other student loan programs 8/.................................
Social and Rehabilitation Service:
Assistance to refugees in the United States 8/.......................
Housing and Urban Development Department:
College housing loans...........................................
Total to aid education............................................
TriQis..g<.
ertre,,,t?:
Commerce Department:
Economic Development Administration:
Economic development revolving fund...............................
Health, Education, and Welfare Department:
Health Services and Mental Health Administration 8/....................
Housing and Urban Development Department:
Urban renewal programs..........................................
Low-rent public housing..........................................
Public facility loans...........................................
Revolving fund, liquidating programs................................
Interior Department:
Bureau of Reclamation g/.........................................
Office of Territories:
Alaska public works...........................................
Loans for rehabilitation in Guam £/...............................
Treasury Department:
Miscellaneous loans and certain other assets:
Loans to the District of Columbia................................
General Services Administration:
Public Works Administration (in liquidation)..........................
Total to aid States, Territories, etc....... .........................
EQH^ignJ,9ans:
Funds appropriated to the President:
Liquidation of foreign military sales fund...........................
Military assistance credits in liquidation...........................
Agency for International Development:
Alliance for Progress, development loans...........................
Common defense, economic, and triangular trade loans..................
Development loans............................................
Development loan fund liquidation account....... ...................
Loans to domestic or foreign firms and United States firms in foreign
Loans of predecessor agencies in liquidation........................
Other loans.................................................
Footnotes at end of Section.
Loan
account
1/
249,857
249,857
9,255
Expenditure
account
Foreign
currency
loans j/
9,255
2,677
2,677
34,271
34,271
52
52
379
379
1,298,474 5/
1,298,474 5/
1,749,923
1,744,680
1,868
8,602
18,744
456,366 5/
1,511,000
12,347
30,167 5/
15,246 5/
155,640
24,841
1,868
8,602
_
456,366 5/
_
12,347
-
-
-
5,243
-
_
18,744
_
_
_
_
_
1,511,000
_
30,167 5/
15,246 5/
155,640
_
-
24,841
3,224,233 5/
3,224,233 1/
5,459,054
3,728,256
129,855
129,855
11,994
-
-
1,730,798
-
-
-
73,786
-
-
-
11,994
312,008
222,287
429,225 5/
78,947
312,008
222,287
429,225 5/
5,161
141,320 l j
141,320 t j
529
25,210
529
25,210
400,543
-
400,543
35,465
35,465
-
-
1,787,383
1,713,597
73,786
-
92,985
1,187
-
92,985
1,187
-
2,342,440
60,265
5,140,314
228,571
-
2,342,440
60,265
5,140,314
228,571
3,826,149
836,886
975,601
544,335
164,792
674,101
59,262
975,601
544,335
(Continued on following page)
-
-
121
July 1971
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section III - Federal Credit Programs
Table GA-III-2. - Loans Outstanding, March 31, 1971
Excluding Interagency Loans - (Continued)
(In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Loan
account
ZJ
Total
1/
Foreign loans (Continued):
Agriculture Department:
Commodity Credit Corporation:
Long-term export sales credits..................................
Short-term export sales credits.................................
Commerce Department:
Maritime Administration.........................................
State Department:
Loans to the United Nations 8/...................................
Treasury Department:
Miscellaneous loans and certain other assets:
Lend-lease and surplus property.................................
Loans and other credits.*.......................................
Receivable from foreign banking institutions.........................
Atomic Energy Commission:
Long-term receivables 8/........................................
Export-Import Bank of the United States..............................
Total foreign loans.............................................
Expenditure
account
2,003,354
454,182
454,182
2,003,354
338
338
76,204
3,000
56,138
5,676,841 10/
21,895,210
5,676,841 10/
6,134,360
509,364 1/
1,526
415
111,928
4,765
509,364 5 /
415
111,928
4,765
26,567
-
483,566 2/
2,340,216
22,827
-
_
56,138
15,760,850
5,584,017
1,526
-
-
-
24,183 11/
_
-
1,154
1,154
1,350
882,215
11,349
4
78,561
7,672
26,282
153
1,129,917
3,109,537 2/
-
.
26,567
24,183 11/
2,926
166,235
-
.
76,204
1,129,917
3,109,537 2/
3,000
0 bg, l a s :
t.r. o n .
Housing and Urban Development Department:
Housing for the elderly or handicapped........ .....................
Low and moderate income sponsor fund...............................
Low-rent public housing.........................................
Rehabilitation loan fund........................................
Revolving fund, liquidating programs...............................
Interior Department:
Bureau of Indian Affairs:
Revolving fund for loans......................................
Justice Department:
Legal activities and general administration..........................
State Department:
Emergencies in the diplomatic and consular service £/..................
General Services Administration:
Liquidation of Virgin Islands Corporation...........................
Surplus property credit sales and liquidation activities................
Veterans Administration:
Insurance appropriations policy loans 8/............................
National service life insurance fund 8/.............................
Service-disabled veterans' insurance fund...........................
Soldiers' and sailors' civil relief................................
U.S. Government life insurance fund 8/.............................
Veterans' reopened insurance fund.................................
Veterans' special life insurance fund..............................
Vocational rehabilitation revolving fund............................
Small Business Administration:
Disaster loan fund............................................
Total other loans...............................................
-
Foreign
currency
loans 2/
_
128,493
1,350
882,215
11,349
4
78,561
7,672
26,282
153
483,566 5 /
2,272,685
_
2,926
37,742
_
-
_
-
.
-
-
-
32,263,650
20,478,085
5,584,017
3,027,314
Total loans of agencies submitting financial statements on a quarterly basis
(loan and expenditure accounts).....................................
-
52,741,736
Deduct: Loans of agencies submitting financial statements on an annual basis
(see footnote 8/)..............................................
67,531
1,205,757
1,821,558
-
31,057,894
18,656,528
5,584,017
49,714,421 12/
Memorandum
Investments in securities of privately owned Government-sponsored enterprises:
Agriculture Department:
Consumer and Marketing Service:
Milk market orders assessment fund...............................
1/ Does not include foreign currency loans.
2/ Includes trust funds.
2/ The dollar equivalents of these loans are computed for reporting
purposes at varying rates. If the loan agreements stipulate a
dollar denominated figure, the loans outstanding are generally valued
at agreement rates of exchange. Loans executed in units of foreign
currency are valued at the market rates (i.e., the rates of exchange
at which the Department of the Treasury sells such currencies to
Government agencies).
(J As of June 3 , 1970, the latest available.
0
5/ Participation certificates have been issued against certain of these
loans under trust agreements by the Government National Mortgage
Association, participation sales fund. For the full amounts of
participation certificates outstanding for these programs, see
Section I - Government Corporations and Other Business-Type Activ
ities in the June 1971 Bulletin.
£/ As of December 31, 1970, the latest available.
2/ Includes $508 million representing defaulted mortgage notes and
defaulted Title I Section 2 notes reported as acquired security or
,
173
8/
2/
10/
11/
12/
173
collateral on the statement of financial condition of the Federal
Housing Administration revolving fund.
This activity submits financial statements annually as of June 3 ,
0
pursuant to Supplement No. 1 (Revised) to Department Circular No.
966. A complete balance sheet as of March 3 , 1971, was not sub
1
mitted, but the outstanding loans of this activity were reported to
the Department of the Treasury and are shown on this line.
Represents receivables of $4 million from Finland, $13 million from
Greece, $192 million from Japan, and $2,901 million from the United
Kingdom.
Participation certificates amounting to $1,227 million, issued
against certain of these loans, were outstanding as of March 3
1,
1971.
As of June 3 , 1970, the latest available, and not included on the
0
Department's statement of financial condition as of March 3 , 1971.
1
Includes $508 million applicable to the Federal Housing Adminis
tration and $24 million applicable to the Justice Department (see
footnotes 7 and 11).
Treasury Bulletin
122
CUMULATIVE TABLE OF CONTENTS
August 1970 through July 1971
Issue and page number
J1970_
Aug.
Article:
Treasury financing operations....................
Federal fiscal operations:
Summary of fiscal operations....................
Budget receipts by principal sources..............
Chart - Budget receipts by principal sources........
Budget outlays by agencies.......... ...........
Undistributed intrabudgetary transactions..........
Budget outlays by major function.................
Investment transactions of Government accounts in
Federal securities (net).....................
Trust funds transactions.......................
Accountability of the Treasurer of the U.S. on an
accounting basis........... .................
Detail of excise tax receipts... ............ ....
Summary of internal revenue collections by States,
calendar year 1970...........................
Federal obligations.............................
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United
States......................... ............
Analysis of changes in tax and loan aceount balances. .
..
Summary of cash transactions through the Account of the
Trearurer of the United States...... ...... ......
Gold assets and liabilities of the Treasury.........
Monetary statistics:
Money 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 marketable
interest-bearing public debt... ................
Special public debt issues......................
Interest-bearing securities issued by Government
agencies...................................
Participation certificates..................... .
Debt subject to statutory limitation...............
Status and application of statutory limitation.......
Treasury holdings of securities issued by Government
corporations and other agencies.................
Public debt operations:
Maturity schedule of interestsbearing marketable public
debt securities other than regular weekly and annual
Treasury bills outstanding.....................
Offerings of Treasury bills.....................
New money financing through regular weekly Treasury
bills.....................................
Offerings of public marketable securities other than
regular weekly Treasury bills...................
Unmatured marketable securities issued in advance
refunding operations..........................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations. .
..
Allotments by investor classes on subscriptions for
public marketable securities....................
Disposition of public marketable securities other than
regular weekly Treasury bills...................
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.........
Foreign currency series 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 savings bonds....
Sales and redemptions by denominations, Series E and H
combined...................................
Sales by States, Series E and H combined...........
United States savings notes:
Sales and redemptions by periods.................
Ownership of Federal securities:
Distribution by classes of investors and types of issues
Estimated ownership ty private investors...........
Treasury survey of ownership......................
Treasury survey-commerical bank ownership............
Sept.
1971
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Je
fy
June
July
II
II
II
II
II
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II
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30
31
28
29
31
32
31
32
28
29
28
29
30
31
28
29
28
29
31
32
28
29
31
33
31
35
34
31
31
33
31
31
35
32
33
35
33
37
36
34
34
36
34
34
37
34
35
37
35
39
39
37
39
37
41
41
37
37
39
37
37
39
36
39
41
39
43
43
39
39
41
39
39
41
38
46
42
42
42
42
44
42
46
44
42
44
41
44
46
45
49
49
45
45
47
45
45
47
44
56
58
57
61
62
58
58
61
59
59
5
5
53
•8
5
58
59
61
60
60
61
63
5
9
5
9
60
62
63
63
64
66
64
64
65
67
60
60
61
63
60
60
61
63
63
63
64
66
61
61
62
64
61
61
62
64
57
57
58
60
55
55
56
58
62
63
..
.
..
.
67
..
.
..
.
..
.
64
65
..
.
..
.
65
..
.
..
.
..
.
64
64
63
68
68
64
66
67
65
66
61
59
65
66
67
73
65
66
67
..
.
64
65
66
69
70
71
..
.
69
70
71
..
.
65
66
67
..
.
67
68
69
75
68
69
70
..
.
66
67
68
..
.
67
68
69
..
.
62
63
64
..
.
60
61
62
..
.
(Continued on following page)
123
July 1971
„ CUMULATIVE TABLE OF CONTENTS _
August 1970 through July 1971 - (Continued)
Issue and page number
1970
Aug.
Sept.
78
80
1971
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
73
75
72
74
77
79
77
79
73
75
80
82
76
78
74
76
81
76
75
80
80
76
83
79
82
77
76
81
81
77
84
80
..
.
77
78
...
78
79
...
June
July
75
77
70
72
68
70
77
78
73
71
78
79
74
72
79
80
•••
...
..
.
73
...
7b
...
...
..
.
75
..
.
May
Market auotations on Treasury securities:
Averace vields of long-term bonds:
Average yields of Treasury, corporate and municipal bonds
Chart - Average yields of Treasury, corporate and
Exchange Stabilization Fund:
National bank reports:
Income, expenses, and dividends for calendar year 1969....
...
...
83
84
78
79
85
...
...
...
79
80
82
83
82
83
80
81
85
86
81
82
81
82
80
81
76
77
75
76
80
81
84
84
82
87
83
83
82
78
77
85
86
80
81
81
82
84
85
84
85
82
83
87
88
83
84
83
84
82
83
78
79
77
78
87
82
83
86
86
84
89
85
85
84
80
79
90
85
86
89
89
87
92
88
88
87
83
82
98
93
94
97
97
95
100
96
96
95
91
90
104
99
100
103
103
101
106
102
102
101
97
96
100
International financial statistics:
U.S. liquid liabilities to official institutions of
Nonmarketable U.S. Treasury bonds and notes issued to
U.S. net monetary gold transactions with foreign countries
CaDital movements between the United States and foreign
countries:
Liabilities to foreigners reported by banks in the
Claims on foreigners reported by banks in the United
Liabilities to foreigners reported by nonbanking concerns
Claims on foreigners reported by nonbanking concerns in
108
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States....
Foreign credit and debit balances in brokerage accounts..
.
103
104
107
107
105
110
106
106
105
101
114
123
109
118
110
119
113
122
113
122
111
120
116
125
112
121
112
121
111
120
107
116
106
115
..
.
..
.
..
.
..
.
..
.
124
125
..
.
..
.
..
.
..
.
124
..
.
127
150
••«
•••
118
..
.
•••
•••
•••
153
..
.
175
176
Foreign branches of United States commercial banks:
Dollar and foreign currency assets of foreign branches.. .
.
126
127
128
Dollar and foreign currency liabilities of foreign
129
130
131
Foreign currency liabilities of foreign branches.......
Dollar and foreign currency assets of foreign branches in
132
133
Foreign currency assets of foreign branches in United
134
Dollar and foreign currency liabilities of foreign
135
136
Dollar liabilities of foreign branches in United Kingdom..
Foreign currency liabilities of foreign branches in Unitec
..
.
Foreign currencies acauired by the U.S. Government without
payment of ( o l r :
llas
Foreign currency transactions, summary and country uses...
Foreign currency transactions, U.S. uses and trust funds..
..
.
..
.
137
..
.
..
.
..
.
..
.
139
140
..
.
..
.
...
Financial ooerations of Government agencies and funds:
Government corporations and other business-type
activities:
142
123
..
.
125
148
Regular Governmental activities:
170
•••
...
121
185
172
173
152
•.
.
...
186
187
187
188
188
189
190
191
..
.
•••
Federal credit programs:
125
Loans outstanding, excluding interagency loans.......
Trust funds:
Federal Old-age and Survivors Insurance Trust Fund....
Federal Disability Insurance Trust Fund............
Federal Hospital Insurance Trust Fund.............
Federal Supplementary Medical Insurahce Trust Fund....
National Service Life Insurance Fund..............
Investments of specified trust accouiits............
120
126
127
127
128
128
129
130
131
...
...
...
...
...
...
...
...
...
...
128
129
133
134
134
135
135
136
137
138
...
..
.
...
..
.
...
122
•••
123
124
124
125
125
126
127
128
148
..
.
...
...
...
...
...
...
••
•
118
119
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