Full text of Treasury Bulletin : July 1973
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Treasury Bulletin
July 1973
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
July 1973
I
CONTENTS
Article
- Treasury Financing Operations .....................................................................................
V
FEDERAL FISCAL OPERATIONS
FFO-1.
FFO-2.
Chart
FFO-3.
FFO-4.
FFO-S.
FFO-6 .
FFO-7.
FFO-8.
-
Summary of Fiscal O p e ra tio n s......................................................................................
Budget Receipts by Principal S o u r c e s .......................................................................
Budget Receipts by Principal Sources ................................................................
Budget Outlays by A g e n c i e s ........................................................................................
Undistributed Intrabudgetary T ransactions................................................................
Budget Outlays by Major F u n ctio n .......................................................................... ...
Investment Transactions of Government Accounts in Federal Securities . . .
Trust Funds Transactions .......................................... .................... ... ............................
Loan Disbursements and Repayments, Net Lending, and
1
2
4
5
6
7
9
10
Loan Balances of Federal Credit Programs .............................................................
11
FEDERAL OBLIGATIONS
FO-1.
FO-2.
FO-3.
FO-4.
- Gross Obligations Incurred Within and Outside the Federal Government
by Object C l a s s .............................................................................................................
• Gross Obligations Incurred Outside the Federal Government
by Major Function and Major Object C la s s ............................................................
- Gross Obligations Incurred Outside the Federal Government
by Department or A gency............................................................................................
- Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Months..............................................................................
^
14
IS
16
ACCOUNT OF THE TREASURER , U.S.
TUS-1.
TUS-2.
TUS-3.
TUS-4.
-
Status of the Account of the Treasurer, U.S................................................................
Analysis of Changes in Tax and Loan Account B a la n c e s .....................................
Summary of Cash Transactions through the Account of the Treasurer, U.S.
Gold Assets and Liabilities of the Treasury..................................... ... ......................
20
20
MONETARY STATISTICS
MS-1.
-M on ey
in Circulation........................................................................... .........................
21
FEDERAL DEBT
FD-1.
FD-2.
FD-3.
- Summary of Federal Debt...............................................................................................
- Computed Interest Charge and Computed Interest Rate
on Interest-Bearing Public D e b t ..............................................................................
- Interest-Bearing Public D e b t ......................................................................................
22
^
23
II
Treasury Bulletin
CONTENTS
FD-4.
FD-5.
FD-6 .
FD-7.
FD-8 .
FD-9.
FD-10.
- Maturity Distribution and Average Length of Marketable
Interest-Bearing Public D e b t......................................................................................... 2 3
- Special Public Debt Issues................................................................................................. 2 4
- Interest-Bearing Securities Issued by Governm ent A g e n c i e s ......................... ....2 4
- Participation C ertifica tes..................................................................................................2 6
- Debt Subject to Statutory L im ita tio n ...................................................................... .... 2 7
- Status and A p p lication of Statutory Limitation L im ita tio n ............................ ....2 8
- Treasury H oldings o f S ecu rities................................................................................ ....2 9
PUBLIC DEBT OPERATIONS
PDO-1.
PDO-2.
PDO-3.
PDO-4.
PD O - 8 .
PDO- 6 .
PDO-7.
PDO- 8 .
P D O -9.
- Maturity S ch e d u le of Interest-Bearing M arketable
P u b lic Debt S e c u r itie s .............................................................................................. ....3 0
- O fferin g s of Treasury B i l l s ........................................................................................ ....32
- New M oney F inancing through R egular W eekly Treasury B i l l s ............... ....3 4
• O fferin g s of P u blic Marketable S e c u r itie s .......................................................... ....3 8
- Unmatured M arketable S ecu rities Issued at a Premium or D iscount . . .
41
- A llotm en ts by Investor Classes on S u b scrip tion s for
P ublic M arketable S e c u r it ie s ,.............................................................................. .... 43
- D isp osition of P u b lic M arketable S e c u r i t i e s .................. .................................. ....4 6
- F oreign S eries S e c u r itie s ........................................................................................... ....5 0
- F oreign C urrency Series S e c u r i t i e s ...................................................................... ....6 2
UNITED STATES SAVINGS BONDS
SB- 1 .
SB-2.
SB-3.
SB- 4 .
-
Sales and R edem ptions by S eries, C u m u lative.................................................. ....6 5
Sales and R edem ption s by Periods, All Series C om b in ed
........................ ....6 5
Sales and R edem ption s by Periods, Series E through K ............................... .... 66
Redem ptions of Matured and Unmatured Savings B o n d s ............................... ....@3
UNITED STATES SAVINGS NOTES
SN- 1.
- Sales and R edem ptions by P eriods...............................................................................@9
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
OFS-2.
- Distributions of Federal S e c u r itie s .................................................................................. 7 0
- Estimated Ownership of Public Debt Securities......................................................... ... 72
TREASURY SURVEY
OF OWNERSHIP
'i
TSO-1.
TSO-2.
- Summary of Federal Securities .................................................. ... ................................72
- Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution ......................... ................................ ... ..................73
III
July 1973
CONTENTS
TSO-3.
TSO-4 .
TSO-5.
TSO-6 .
-
Interest-Bearing Marketable Public Debt Securities by Issu e......................... .......... 73
Interest-Bearing Nonmarketable Public Debt Securities by T y p e ......................... 75
Securities Issued by Government A g e n c ie s ....................................................... ... . 7 5
Securities Issued by Government-Sponsored Agencies and D.C........................... ... 76
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
MQ-2.
MQ-3.
Chart
- Treasury
- Treasury
- Treasury
- Y ields of
B ills .................................................................................................................... ... 79
N o t e s ................................................................................................................. ... 79
B onds........................................................................................................................
Treasury Securities........................................................................................ ... 81
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
Chart
- Average Y ields of Long-Term Treasury, Corporate and Municipal Bonds • • .
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds . . .
83
EXCHANGE STABILIZATION FUND
ESF-l.
ESF-2.
- Balance S h e e t .................................................................................................................. .... 8 4
- Income and E x p e n s e ........................ ..................... ......................................................... 85
INTERNATIONAL FINANCIAL STATISTICS
- U.S. Reserve Assets.......................................................................................................... .... 86
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions,
and Liquid Liabilities to All Other F oreigners........................................................87
- U.S. Liquid and Nonliquid Liabilities to O fficial Institutions
of Foreign Countries, by A rea..........................
..................................................... 88
- Nonmarketable U.S. Treasury Bonds and N o t e s ....................................................... ....89
- U.S. Position in the I M F .................................................................. ... .........................9 0
- U.S. Net Monetary Gold Transactions with Foreign C o u n tr ie s ..................................91
IFS-1.
IFS-2.
IFS-3.
IFS-4 .
IFS-S.
IFS-6 .
CAPITAL MOVEMENTS BETWEEN U.S. AND FOREIGN COUNTRIES
CM-I-1.
CM-I-2.
CM-I-3.
CM-1-4.
CM-I-5.
CM-I-6..
CM-I-7.
-
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
Short-Term Liabilities by Type of Foreign Holder ................................................ 94
Short-Term Liabilities by Type of L ia b ility ..................* ....................................... 95
Short-Term Liabilities by Country..................................................................................97
Short-Term Liabilities, by Type and C o u n try ............................................................ 9 8
Short-Term Liabilities, Not Regularly Reported Separately . . ............................... 99
Long-Term Liabilities by T y p e ....................................................... ............................. 100
Long-Term Liabilities by C ou n try................................................................................. 101
IV
Treasury Bulletin
CONTENTS
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
CM-II-1. • Short-Term Claims by T y p e ........................................................................................... 102
CM-II-2. - Short-Term Claims by Country.......................................................................................103
CM-II-3. - Short-Term Claims, by Type and C ountry.............................. ... ................................. 104
CM-II-4. - Long-Term Claims by T y p e ............................................................................................ 105
CM-II-5. - Long-Term Claims by C ountry........................................................................................106
CM-II-6 . - Long-Term Claims, by Type and C o u n tr y ...................................................................107
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1. - Liabilities by T y p e ...........................................................................................................108
CM-III-2. - Short-Term Liabilities by Country............................ .................................................... 109
CM-III-3. - Short-Term Liabilities, by Type and C o u n tr y ........................................................... 110
CM-III-4. - Long-Term Liabilities by Country................................................................................
I ll
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1. - Claims by T y p e ..................................................................................................... ..............H 2
CM-IV-2. - Short-Term Claims by C o u n t r y ................................................................................... ..113
CM-IV-3. - Short-Term Claims, by Type and C o u n tr y ............................................................... 114
CM-IV-4. - Short-Term Liquid Claims R eported by Large Nonbanking Concerns
by T y p e ............................................................................................................................ 115
CM-IV-S. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns
by C o u n t r y .......................................................................................................................115
CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and C ou n try ......................................................................................................116
CM-IV-7. - Long-Term Claims by C o u n t r y ......................................................................................117
CM-V-1.
CM-V-2.
CM-V-3.
CM-V-4.
CM-V-S.
CM-V-6 .
CM-V-7.
CM-V-8.
CM-V-9. '
CM-V-10.
CM-VI-1.
CM-VI-2.
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
- Foreign Purchases and Sales of Long-Term Domestic S e cu ritie s ......................... 118
- Foreign Purchases and Sales o f Long-Term Foreign Securities.............................118
- Net Foreign Transactions in Marketable U.S. Government Bonds and Notes • • 119
- Estimated Foreign Holdings of Marketable U.S. Government Bonds and N otes. 120
- Net Foreign Transactions in Long-Term Domestic B o n d s ...................................... 121
- Net Foreign Transactions in Domestic Stocks by Country......................................122
- Net Foreign Transactions in Long-Term Foreign Bonds by Country................... 123
- Net Foreign Transactions in Foreign Stocks by C oun try....................................... 124
- Foreign Purchases and Sales of Long-Term Securities, Latest D a te......................125
-Foreign Purchases and Sales of Long-Term Securities,Latest Year...................... 126
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
- Foreign Credit Balances (Due to Foreigners)............................................................127
- Foreign Debit Balances (Due from Foreigners).......................................................... 128
F IN A N C IA L O P E R A T IO N S OF G O V E R N M E N T A G E N C IE S A N D F U N D S
FEDERAL CREDIT PROGRAMS
GA-III-1. - Direct Sales and' Repurchases of L o a n s ....................................................................... ^29
Cumulative Table of Contents..........................................................................................................
Note:
Details of figures may not add to totals because of rounding.
V
July 1973
Treasury Financing Operations
Regular Monthly Bills
bearer form only, and in denominations of $10,000, $15,000,
were invited for $1,800 million or
$50,000, $100,000, $500,000, a n d $1,000,000 (maturity value).
thereabouts, of 339-day Treasury bills to dated June 30, 1973,
Tenders are received at Federal Reserve ‘
banks and branches.
and to mature June 4, 1974.
Each tender must be for a minimum of $10,000.
On June 20 tenders
This issue was to refund $1,701
million of bills maturing June 30.
Tenders were opened June
$10,000 must be in multiples of $5,000.
26.
Banking institutions
Tenders received totaled $3,195 million, of which $1,801
million was accepted, including $56 million of noncompetitive
tenders.
The average bank discount rate was 7.235 percent.
Issues of regular weekly Treasury bills in June totaled
$16.8 billion.
account of customers.
These issues were
offered for cash and in
exchange for bills maturing in the amount of $17.2 billion.
by incorporated banks and trust companies and b y responsible
and recognized dealers in
investment securities.
Average rates for the new issues
Tenders
by payment of 2 percent of
the face amount of bills applied for, unless the tenders are
accompanied b y an express guaranty of payment by an incorpo
rated bank or trust company.
There were four 91-day issues of $2.4 billion and four 182day issues of $1.8 billion.
generally may submit tenders for
Tenders may be made without deposit
from others must be accompanied
13-Week and 26-Week Bills
Tenders over
Noncompetitive tenders (without stated price), usually
for $200,000 or less from any one bidder, are accepted in full
are shown in the following table.
at the average price of accepted competitive bids for an issue.
13-week
on the date of issue, in cash or other immediately available
Payment for accepted tenders must be made or completed
(Additional amount of bills of
original maturity of 26 weeks)
Approximate
equivalent
Date of —
Additional
issue
Original
issue
average
rate 1/
26-week
funds or in a like face amount of Treasury bills maturing on
that date.
Date of
issue
Approximate
equivalent
annual
average
rate 1/
Payment for 13-week, 26-week, and regular monthly
bills may not be made by credit in Treasury tax and loan ac
counts.
Foreign Series and Foreign Currency Series
Foreign series securities issued in June totaled $6,662
million, consisting of nine certificates of indebtedness and
1973
1973
June
7
14
21
38
Mar.
three notes.
1973
8
15
22
29
7.132
7.127
7.265
7.229
June
7
14
21
28
7.211
7.172
7.255
7.299
lion.
At the end of June,
standing
page
Redemptions for the month totaled $6,475 mil
Bank discount basis.
series securities
were issued or
securities outstanding totaled an equivalent of $1,743 mil
Treasury bills are sold on a bid basis.
Note:
are shown on
redeemed in June. At the end of June, foreign currency series
Treasury Bills - General
is payable without interest at maturity.
(Details
61 .)
No foreign currency
1/
foreign series securities out
totaled $26,781 million.
The face amount
They are issued in
lion and were denominated in German marks and Swiss francs.
(Details are shown on page
64 .)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
July 1973
l
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. - Summary of Fiscal Operations
(in millions of dollars)
Budget receipts and outlays
Fiscal year
or month
Net
Budget
Receipts
1/
Budget
Surplus
or
deficit
Net
Budget
Outlays
2/
(2)
(3)
197 2
(l)
112,662
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
118,584
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,876
-5,922
-1,596
-3,796
-8,702
-25,161
3,236
-2,845
-23,033
-23,227
1973 (Est)....
1974 (Est)....
224,984
255,982
249,796
268,665
-24,812
-12,683
196
196
196
196
196
196
197
4
5
6
7
8
9
0
197 1
....
Means of financing - net tran.qact jp-ng
Borrowings from the public - Federal securities
Changes in cash and monetary assets (Deduct)
Public
debt
securi
ties
Agency
securi
ties
Invest
ments of
Govern
ment ac
counts 2/
(5)
(6)
W
5,853
5,561
2,633
6,314
21,357
6,142
17,198
27,211
29,131
34,578
29,649
508
704
4,041
5,079
5,944
-10,150
-1,739
-347
-1,269
2,864
2,330
3,244
9,035
5,320
8,522
10,062
7,417
8,420
1,419
2,478
10,996
15,628
Total
borrowings
from the
public
4+5-6-7
Special
notes
U
(7)
405
-126
354
-482
-1,119
-1,384
____ m _____
3,092
4,061
3,076
2,838
23,100
-11,146
5,397
19,448
19,442
25,000
16,500
Within gen’
l
account of
Treasurer
U.S. 5/
-12L
155
270r
-370
3,498
2,347
-620r
-3,368
-2,836
872
July.....
Aug..... .
Sept.....
Oct......
Nov..... .
Dec......
15,207
18,213
22,183
14,738
16,748
18,972
18,591
20,581
18,471
20,055
21,165
19,721
-3,384
-2,369
3,712
-5,317
-4,418
-750
3,730
934
376
2,851
5,298
4,197
21,130
18,067
15,987
25,860
16 ,584
23,631
20,227
20,806
22,306
20,157
-2,501
-2,160
-4,820
3,554
-3,573
9
534
22
24
380
-93
18
-8
27
-721
-43
1,403
2,655
-1,847
3,173
-617
761
1973-Ja n
Feb..... .
Mar..... .
Apr..... .
May..... .
5,123
3,056
-1,493
6,000
4,301
5,051
770
4,770
3,768
-1,543
275
-732
899
790
-105
2,202
1,519
3,863
3,005
-2,159
-1,970
-1,342
-4,158
5,081
-1,849
178
2,882
610
158
1,234
1,591
-6,352
Fiscal 1973 to
date........
203,688
225,712
-22,023
30,078
148
8,582
21,644
-1,966
Transactions
not applied to
year 1s surplus
or deficit 8/
Total Budget
financing
8-9-10-11-
12+13+14
General ac
count of
Treasurer,
U.S.
Public debt
securities
Agency
securities
2/
Investments
of Govern
ment accounts
(13)
m)
(16)
(17)
1,179
-217
-359
132
2,997
-284
5,922
1,596
3,796
8,702
25,161
-3,236
2,845
23,033
23,227
11,116
12,710
12,450
7,879
6,785
7,544
9,291
10,117
11,785
311,713
317,274
319,907
3,103
4,958
61
98
629
813
367
10,407
-961
482
1,297
1973 (Est)....
1974 (Est)....
-2,059
-1,343
-1,129
-2,474
24,812
11,785
11,785
461,838
491,487
14,790
1972-May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
-1,238
3,354
-3,288
-2,367
683
703
-527
-650
892
10,708
11,785
9,967
5,809
10,891
9,042
427,912
427,260
11,263
10,894
9,220
12,102
432,384
435,439
433,946
439,947
444,247
449,298
10,903
11,437
11,459
11,483
11,863
11,770
111,213
113,559
114,962
117,618
115,771
118,944
118,327
119,088
1973-Jan......
Feb......
Mar......
Apr......
May......
-1,436
2,948
1,089
- 1,422
-101
-101
-3,554
3,573
12,712
12,870
14,104
15,695
9,343
450,068
454,838
458,606
457,063
457,338
11,787
11,779
11,806
11,084
11,041
Fiscal 1973
to date......
-2,901
-306
22,023
9,343
457,338
11,041
-22
1,366
123
4
12
-28
13
-41
55
16
-71
-65
12,683
2,506r
-2,387
3,384
2,369
-3,712
5,317
4,418
750
2,501
2,160
4,820
-829r
1,614
-1,602
364
-348
95
135
-36
With Inter
national
Monetary
Fund
-367
381
-447
-342
538
644
802
-908
-988
40
11
5
4
10
5
-214
33
-170
795
-713
-1,661
50
Selected balances, end of period
Federal securities
1964..........
1965..........
1966..........
1967..........
1968..........
1969......... .
1970..........
1971..........
1972..........
(15)
JiiL
41
371
259
-5
1,859
808
-1,536
-208
1,079
n.a.
2,607
-651
Other means
of financing
I/
(10)
n.a.
-2,506r
2,387
Fiscal year
or month
Other
557
290
711
19,777r
23,202
Means of financing-net transactions - (Cont.)
SDR’
s
-1,264
1,594
-260
-4,571
-1,094
760
1,746
826
1,668
17,272r
25,589
1972-Ma y
.
June.....
With other Govern
ment officers
Source: Beginning fiscal 1973,- based on monthly statement of receipts and
outlays of the Government, (prior years, monthly statement of
receipts a-nfl expenditures of the Government). Estimates based on the
1974 Budget Document released on January 29, 1973.
Note:
Above table has been revised to reflect the elimination of the
distinction between the loan account and the expenditure account pursuant
to 0MB Circular No. A-11, Revised, June 12, 1972. See Table FF0-8.
See Table FF0-2. 2/ See Table FF0-3. 1 / See Table FF0-6.
non-interest bearing public debt securities issued to the
Ht Represents
IMF and international lending organizations (IDA and IADB) in
recognition of U.S. Government subscription commitments.
Z / Current fiscal year to date transactions are on the daily Treasury
statement clearance date basis and are converted to accounting date
basis at June 30 (final) only. Prior fiscal year amounts include
326,221
347,578
353,720
370,919
398,130
427,260
6/
7/
8/
2/
(18)
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
12,312
(19)
59,210
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
124,555
140,183
Special
notes
V
(20)
Held by the
public
17+18-19-20
(21)
3,581
3,455
3,810
3,328
2,209
825
825
825
825
825
825
257,553
261,614
264,690
267,529
290,629
279,483
>27,137
323,770
118,356
119,255
120,045
3JL9,939
122,141
825
825
825
825
825
825
825
825
825
825
825
825
825
122,141
825
345,414
284,880
304,328
323,770
348,770
365,270
327,499
328,433
328,809
331,660
336,958
341,155
342,674
346,537
349,542
347,383
345,414
transactions in transit as of June 30. For amounts in transit see
Table FF0-10 in December 1972 Bulletin.
Represents holdings of Special Drawing Rights, less certificates
issued to Federal Reserve banks.
Includes accrued interest payable on public debt securities, deposit
fund and miscellaneous liability and asset accounts.
Includes seigniorage fiscal 1969 conversion of certain corporations
to private ownership, fiscal 1970 reclassification of certificates
of interest of $1,590 million less $7 million investments held by
Government accounts, net outlays of the Export -Import Bank of the U.JS.
that were reclassified outside the unified budget sphere effective
August 17, 1971, and beginning May 1972, increases in gold assets of
the U.S.
See Table FD-6 . r Revised. n.a. Not available.
2
Treasury Bulletin
________FEDERAL FISCAL O P E R A T I O N S .
Table FFO-2. - Budget Receipts by Principal Sources
(In millions of dollars)
Fiscal year
or month
Income taxes
Net
budget
receipts
Individual
Withheld
1964................
1965................
1966.................
1967.................
1965.................
1969.................
1970.................
1971.................
1972.................
1973 (Est.).........
1974 (Est.).........
1972-May...........
June..........
112,662
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
224,984
255,982
Other
39,259
36,840
15,331
16,820
18,486
'
18,850
20,951
27,258
26,236
24,262
25,679
25,300
26,200
83,200
96,100
108,400
17,272r
25,589
8,2247*
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
15,207
18,213
22,183
14,738
16,748
18,972
7,052
8,175
7,305
7,187
8,425
7,915
1973-Jan...........
Feb...........
Mar...........
Apr...........
May...........
21,130
Fiscal*1973 to
date.............. .
Refunds
42,811
50,521
57,301
70,182
77,416
76,490
Gross
5,893
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14,143
48,697
48,792
55,446
61,526
68,726
87,249
90,412
22,000
23,000
Net total
income
taxes
Net
total
Refunds
94,737
24,301
26,131
30,834
34,918
29/897
38,338
35,037
30,320
34,926
1,660
2,208
3,535
2,760
32,166
72,189
74,253
85,519
95,497
97,390
123,927
123,241
113,015
126,903
99,400
111,600
36,200
39,500
2,700
2,500
33,500
37,000
148,600
967
S, 452
234
185
187
190
324
323
294
733
8,267
7,372r
19,321
1,071
665
4,965
965
559
5,632
9,045
15,969
8,560
9,172
86,230
2,997
670
1,413
3,704
548
8,020
Corporation
Net
total
6,639r
11,054
7,355
808
670
761
946
23,493
25,461
30,073
33,971
28,665
36,678
32,829
26,785
1,232
132,900
69
61
11,005
7,595
8,613
8,206
18,067
15,987
25,860
16,584
8,254
8,404
8,748
8,648
8,813
3,794
469
257
353
4,671
768
1,494
9,124
1,444
1,258
855
5,289
1,287
853
5,772
27
1,104
6,833
6,185
6,433
12,897
8,067
3,409
11,587
3,825
1,539
865
5,208
5,915
1,219
158
193
342
258
296
1,382
672
4, #67
5,657
923
14,279
8,739
8,276
17,243
4,748
203,688
88,925
23,284
21,270
90,939
30,062
2,705
27,357
118,296
245
157
95
362
8,380
61
140
8,246
13,838
Social insurance taxes and contributions
Fiscal year
or month
Employment taxes and contributions
Old-age, disability, and
hospital insurance
Gross
1964................
1965.................
1966................
1967................
1968................
1969................
1970.................
1971.................
1972.................
1973 (Est.).........
1974 (Est.).........
1972-May............
June...........
July...........
Aug............
Sept...........
Oct.............
Nov............
Dec............
Refunds
16,532
16,915
20,206
27,328
28,672
33,956
38,600
41,237
45,559
54,948
66,479
5,773
3,649
3,720
5,242
3,573
3,232
3,863
2,515
1973-Jan............
Feb............
lifer............
Apr............
May............
4,821
Fiscal 1973 to
date................
49,596
*
*
*
*
*
228
282
263
605
386
518
447
1,009
1
507
519
54,441
65,960
1,170
1,907
1
1
1,906
447
-
5,326
3,649
3,720
5,242
3,573
3,232
3,863
2,515
178
96
*
*
178
96
-
-
_
594
636
684
111
815
885
920
981
8
125
101
7
182
91
1
*
1
*
5,276
6,281
13
4,045
3,819
3,777
3,659
3,346
3,328
3,464
3,674
4,357
14
14
5,262
6,267
2
2
1,636
1
1
1
1
#1
260
1,175
63
209
637
93
*
*
684
4
8
6
6
6
7
6
8
9
180
136
3
224
3,972
6,067
4,957
5,614
6,915
63
450
2,161
1
5
5
63
445
2,156
1,066
50,183
5,973
16
5,957
479
49,117
1,067
1
3
46,120
,55,610
67,866
4,049
3,826
3,783
3,665
3,351
3,335
3,471
3,682
4,370
7
182
91
224
-
136
16,959
17,359
20,662
27,823
29,224
34,236
39,133
41,699
Net
total
*
*
*
*
*
479
-
1,169
8
_
*
*
*
*
*
9
180
593
636
683
776
814
885
919
980
1,008
Refunds
T
Tl 011 cLLlL/C
O
IXXbUX
5,504
3,745
3,728
5,367
3,674
3,239
4,044
2,606
3,963
5,887
4,321
5,611
6,691
-
Gross
Net
total
16,366
-
.
Refunds
16,723
19,978
27,046
28,409
33,351
38,214
40,719
45,111
-
M©"h ■
fcryUd-L
fca’
L
uU
IMC u
Gross
166
-
5,611
7,170
Railroad retiremenlt accounts
192
-
3,963
5,887
Net
total
UiIC iU p j. Ujr 111“ J.1 U
125
101
(Continued on following page)
1,638
94
261
1,176
63
210
637
94
175
684
*
92
174
July 1973
3
______________ FEDERAL FISCAL OPERATIONS_______________
Table FFO-2. - Budget Receipts by Principal Sources - (Continued)
(In Millions of dollars)
Social insurance taxes and contributions - (continued)
Fiscal year
or month
Contributions for other
insurances and retirement
Federal
Supple
mental
Medical
Insurance
Federal'
employees
retirement
Other
employees
retirement
Net total
social
insurance
taxes and
contri
butions
Total
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1Q71.............
1972.............
647
698
903
936
1,253
1,340
1,334
20
1,426
24
29
37
39
1,129
1,867
2,052
2,253
2,701
3,205
3,437
1973 (Est.)......
1974 (Est.)......
1,424
1,700
2,202
2,286
41
43
3,667
4,029
1972-May.........
June........
July........
Aug.........
Sept........
Oct.........
Nov........ .
Dec.........
112
186
5
3
303
285
7,443
5
•*
289
307
6
301
1973-Jan.........
Feb.........
M a r ..........
Apr..... >...,
M a y .........
Fiscal 1973
to date.........
993
1,065
1,111
1,201
1,735
1,916
2,058
108
1,008
15
16
18
19
174
188
181
182
169
158
3
3
3
311
288
276
144
99
3
3
5
340
278
124
119
193
176
197
176
184
5
309
4,277
6,849
4,038
3,759
4,969
2,975
4,486
7,029
5,340
6,359
9,380
1,315
1,968
38
3,321
59,461
320
301
Fiscal year
or month
Net
total
Gross
Refunds
2
Net
total
10,519
10,643
10,562
10,911
Q 1/5
9,278
9 700
10 585
10 352
10*510
9,506
564
650
9,837
10,331
154
133
9,683
10,198
772
852
839
879
915
790
757
13
827
887
898
780
741
847
862
780
52
60
63
58
*
12
10
921
661
763
885
850
60
36
61
62
76
-*
*
*
*•
*
60
35
61
62
76
147
8,989
694
2
692
9,362
9,461
9,827
10,681
-8
17
9
16
20
10
868
873
793
932
675
777
897
860
9,136
10,211
13
11
14
14
Estate and gift taxes
J*
*
63
74
75
51
59
63
73
75
*
_
_
66
Customs duties
563
o
r(7r(X
71
851
66
63
58
Miscellaneous receipts
Highway trust fund
Gross
Refunds
Net
total
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
3,646
3,782
4,037
4,652
4,493
4,861
5,386
5,664
5,635
114
224
32
123
313
3,519
3,659
3,917
4,441
4,379
4,637
5,354
5,542
5,322
1973 (Est.)......
1974 (Est.)......
5,669
5,900
153
151
5,516
5,749
1972-May.........
June......
499
458
6
493
416
July........
Aug.........
Sept........
Oct.........
Nov..........
Dec.........
481
500
512
473
531
449
456
492
437
479
522
1973-Jan.........
Feb.........
Ma r .........
Apr.........
M ay .........
Refunds
93
99
217
183
127
96
167
133
1,056
11,011
4,122
164
Excise taxes - (Continued)
10,304
22,258
25,567
33,349
34,622
39,918
45,298
48,578
53,914
64,540
78,162
119
115
126
115
116
2
Gross
22,012
1,081
120
118
Excise taxes
Miscellaneous excise taxes
Airport and airway trust fund
Fiscal 1973
5,331
127
123
120
212
41
_
481
3
497
511
473
527
447
1
-
4
2
*
3
16
107
2
456
489
421
372
519
138
5,193
Net total
excise
taxes
Gross
Refunds
13,731
14,570
13,062
13,719
14,079
15,222
15,705
16,614
15,477
15,970
16,798
2,416
2,746
3,094
3,014
3,082
3,530
3,680
3,784
5,490
4,660
5,070
23
29
28
36
31
39
36
49
54
60
70
2,394
2,716
3,066
2,978
3,051
3,491
3,644
3,735
5,436
4,600
5,000
3,100
3,400
100
100
3,000
1,371
1,363
1,442
1,351
1,327
1,387
1,452
1,286
469
395
7
7
461
246
263
339
5
5
4
4
5
7
245
285
1,437
400
428
320
Net
total
388
334'
423
316
409
487
364
396
568
489
330
Refunds
1,284
1,478
32
35
45
71
75
1,252
1,442
1,767
1,901
68
2,319
2,430
2,591
3,287
1,811
1,972
2,113
2,387
2,494
2,657
3,394
1,446
572
494
334
473
4
4
4
4
7
466
14,874
4,635
54
4,582
3,021
1,186
1,244
1,318
Source: Beginning fiscal 1973, monthly statement of receipts and outlays
of the Government. From fiscal 1967-72, monthly statement of receipts
and expenditures. Prior years on basis of the unified budget concepts
adopted January 1968. Estimates based on the 1974 Budget Document
released on January 29, 1973.
1/
*
r
All
other
138
Net total
miscel
laneous
receipts
162
303
400
247
158
325
380
3,300
3,350
3,700
625
1,084
1,594
1,875
2,108
2,491
2,908
3,424
3,858
3,633
3,975
422
4,122
11
12
235
252
267
271
124r
-127
8
237
278
237
241
251
-14
2,038
64
66
7
9
-
Deposits of
earnings by
Federal
Reserve
banks
947
1,372
1,713
1,805
2,091
2,662
3,266
3,533
3,252
107
246
288
291
244
295
264
296
27 8
289
412
492
371
Net
total
Gross
281
8
6
10
284
234
289
255
278
262
280
6
9
18
16
8
106
'
2,915
222
-1
390r
144
492
266
295
343
383
276
333
-32
-14
83
26
-69
244
289
360
348
264
3,134
427
3,560
281
383
152
288
277
276
303
277
322
-88
191
95
Includes $130 million cumulative adjustments for December 1971 to
March 1972, P.L. 92-178, repeal of manufacturers excise tax on
passenger automobiles, light-duty trucks, etc.
Less then $500,000.
Revised.
4^
BUDGET RECEIPTS BY PRINCIPAL SOURCES
Total
Fiscal Years 1963-1973
■
Ficsal Year ■
Comparison First Eleven
1972 and 1973
1963
Individual Income Taxes
-
70
1965
1967
1969
1971
1973
Social Insurance
qq-Taxes and Contributions
80-
60-
_
^
HH
cn
O
O
4 0 -® -
m
5
i— i
o
20-
0-
40'
w
20 Excise Taxes
963
967
1965
969
10
Corporation Taxes
$
]jj Others
10------------
I
w . v X 1.
■Xv'.vX
5-
'XvX'M
w .v .v
y .;. v .v
1963
965
967
969
97
0
ba
1963
Source: Monthly Statement of Receipts and Outlays of the U.S. Government for actual amounts see preceding Table FFO-2.
y Includes estate and gift taxes, customs duties, and miscellaneous receipts.
1965
1967
July 1973
FEnwpAT FISCAL OPERATIONS____
Table FFO-3. - Budget Outlays by Agencies
(In millions of dollars)
Defense Department
Legis
lative
Branch
The
Judi
ciary
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
148
162
181
240
255
277
340
384
487
23
24
26
28
28
31
36
47
55
1973 (Est.)......
1974 (Est.)......
527
607
64
73
76
86
91
109
128
142
173
192
204
1972-May.........
June........
37
53
35
17
16
4
8
13
13
14
15
17
16
14
15
17
13
18
6
6
5
4
4
5
6
5
5
5
5
166
55
Fiscal year
or month
July........
Aug.........
Sept........
Oct.........
Nov........ .
Dec.........
48
37
39
47
56
47
53
44
42
44
1973-Jan.........
Feb.........
M a y .........
Fiscal 1973
1..42S _
Executive
Office
of the
President
Funds ap
propriated
to the
President
96
89
3,694
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269
3,872
3,936
256
845
-8
298
257
301
368
366
Agricul
ture De
partment
Commerce
Depart
ment
Military
Civil
Fiscal year
or month
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1971.............
1972.............
1973 (Est.)......
1974 (Est.)......
1972-May......... 1
June........
347
384
410
419
424
437
448
468
568
621
654
34r
10
Transpor
tation
Department
1/
742
785
793
5,428
5,732
5,970
6,417
7,247
7,531
10,666
11,346
12,014
13,391
14,573
16,588
19,304
20,959
21,849
8,042
24,200
8,139
26,100
21,695
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779
283
665
2,856
2,777
4,140
1,529
2,603
2,890
3,642
685
694
661
432
235
837
1,136
225
1,256
916
1,180
4,044
3,532
3,109
3,286
3,272
3,475
4,356
7,923
10,033
10,124
9,562
1,318
1,431
74,200
78,200
1,753
1,623
83,580
93,822
3,364
4,768
-2,247
5
1,496
1,737
9,563
8,115
6,139
8,211
5,456
6,013
6,271
7,044
7,037
6,972
7,121
7,051
6,554
7,125
7,583
449
433
513
623
358
158
353
366
84
150
-988
177
9
-30^
78
-179
459
309
205
163
-205
-1,174
95
97
84
94
74,227
3,304
-2,015
439r
588
2,688
1,531
110
145
6,693r
8,264
5,193
5,662
5,204
6,066
6,250
5,965
6,332
6,075
6,633
6,207
6,238
120
219
109
140
185
186
162
112
128
101
118
118
112
65,824
' 1,471
2,940
9,755
1,204
401
1,082
680
205
42
45
45
50
# 29
692
471
526
485
648
361
300
-
-242
Veterans
Adminis
tration
5,660
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710
11,758
11,703
11,726
10,737
-8,381
-9,131
-371
- 2,402
19,777r
23,202
42
62
270
292
970
906
146
199
171
191
187
196
43
83
83
74
71
89
101
89
54
48
54
-75
289
289
273
271
272
284
882
855
831
893
1,276
986
654r
1,253
596
1,195
980
815
907
712
210
210
225
219
229
63
65
134
107
111
82
37
52
28
-23
271
241
301
265
255
1,154
1,043
1,061
1,111
1,014
446
3,010
11,106
Fiscal 1973
6,876
924
2,183
7,309
21,983
573
to date........
Note:
Outlays consist of disbursements less proprietary receipts from the
public and certain intrabudgetary transactions. Above table has been
revised to reflect the elimination of the distinction between the loan
account and the expenditure account; see note to Table FF0-1. Agency
shifts are shown in “
this table beginning with t'he period of such shifts;
figures prior to the shifts have been adjusted,
l/ Figures prior to fiscal 1967 represent expenditures for the Federal
Aviation Agency.
2j Reported on an accrual basis.
40
y
4/
5/
£/
r
7,972
118,584
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,875
249,796 % /
268,665 6/
59
I84
1,148
807
761
814
716
673
-2,877
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
211
330
-
'
1,394
940
998
851
799
609
605
662
676
3,442
499
-
103r
107
108
107
131
130
126
109
121
139
153
131
139
4,364
5,085
6,554
7,337
4,890
7,246
8,879
9,886
2,127
-
640
Undistribut
ed intra
budgetary
transactions
V
2,194
2,374
131
413
425
446
501
589
-
325
355
366
403
430
515
Other
independ
ent
agencies
y
701
763
2,140
138
347
1,616
57
1973-Jan.........
Feb.........
Mar.........
A di \ .........
Ma y.........
_
-
National
Aero
nautics
& Space
Admin.
4,171
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,061
3,135
2,070
2,010
2,128
2,144
2,157
43
69
41
$0
749
804
738
814
730
653
Environ
General
mental
Services
Protection
Admin.
Agency
2,763
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,392
1,872
1,867
1,911
1,933
1,934
i;957
112
Atomic
Energy
Comrmission
-114
87
413
-327
82
336
206
31
275
7,050
6,477
125
13
-10
-3
80
-213
164
2,562
Labor
Depart
ment
1,130
1,211
1,278
1,310
1,300
1,268
1,211
1,376
1,530
770
328
643
62
1,794
1,856
Justice
Depart
ment
49,573
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
259
136
291
291
Other
Interior
Depart
ment
4,302
4,749
4,670
726
807
854
1,028
1,188
1,250
89
147
103
115
100
114
128
100
122
96
90
549
662
July........
Aug.........
Sept........
Oct.........
Nov.........
48
Interest
on public
debt 2/
Housing &
Urban De
velopment
Department
7,458
6,795
5,513
5,841
7,307
8,330
8,307
8,560
10,943
Treasury Department
State
Depart
ment
Health,
Education,
& Welfare
Department
Total
18,591
20,581
- 18,471
20,055
21,165
19,721
1,468
628
1,092
970
914
-252
-409
-276
-276
-353
-2,474
-297
-397
-329
-324
-377
10,277
-5,762
225,712
23,631
20,227
20,806
22,306
20,157
Effective with the April 1973 Bulletin, includes the U.S. Postal
Service which is in accordance with the Postal Reorganization Act
of 1970.
For content see Table FF0-4.
Includes $500 million estimate for special allowances for pay raises
and contingencies.
Includes $1,750 million estimate for special allowances for pay raises
and contingencies.
Revised.
Treasury Bulletin
6
____________ FEDERAL FISCAL OPERATIONS_____________
Table FFO-4. - Undistributed Intrabudgetary Transactions
(In millions of dollars)
Federal employer contributions to retirement funds
Fiscal year
oj* month
196
196
196
196
196
196
197
197
197
4
5
6
7
8
9
0
1
2
Health, Education,
and Welfare Dept.
Commission
Federal Old-Age,
Disability, and
Hospital Insurance
.
Interest credited to certain Covernment accounts
Defense
Department
Other
Total
Civil Service
Retirement and
Disability Fund
279
282
353
475
510
611
728
727
742
973
1,042
1,090
1,181
1,310
1,401
1,709
1,876
2,018
1973 'Est.^....
1974 (Est.)....
816
912
1972-May.......
June......
Soldiers1
Home
Permanent
Fund
Health, Education, and Welfare Department
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
F0U0P8.1
Supplementary
Medical
Insurance
Trust Fund
2,154
2,234
4
4
4
5
5
6
8
8
9
9
10
1,256
1,329
1,447
1,661
1,825
2,018
2,444
2,611
2,768
2,980
3,157
3
3
3
3
3
3
3
3
3
3
3
538
582
587
721
894
1,009
1,346
1,617
1,718
1,790
1,911
68
65
59
64
83
140
221
324
388
426
448
7
46
61
94
138
183
190
221
376
15
21
23
12
17
29
35
54
69
66
181
167
1
•*
251
234
1
35
742
3
183
1
82
1
11
July..'.....
Aug.......
Sept....
Oct.......
Nov.......
Dec...... .
66
62
61
53
55
161
186
177
175
167
155
1
1
1
1
1
228
249
238
229
223
208
10
42
19
17
40
799
1
6
2
•*
4
202
2
2
1
2
10
71
*
*
2
1
1
14
1973-Jan.....
Feb.......
Mar........
Apr.......
May.......
86
78
74
72
81
192
172
189
175
178
1
1
1
1
1
279
251
264
248
260
1
4
44
9
31
39
*
7
2
2
5
3
5
5
7
7
1
2
2
2
1
740
1,928
9
2,676
2
1,056
231
114
26
Fiscal 1973
to date.......
Fiscal year
or month
Interior
Department
Labor
Department
Indian
Tribal'
Funds
Unemployment
Trust Fund
1
1
Interest credited to certain Goverrarent accounts - (Continued)
Transportation Veterans Administration
Civil Service
Department
Commission
LrOv 6pnm©irfc National
Railroad
Life
Service
Civil Service
Retirement
Highway
Insurance
Life
Retirement and Board
Trust Fund
Fund
Insurance
Disability
Fund
Fund
Other
Total
Grand
Total
1964.... .•.......
1965............
1966. ’
. ..........
1967............
1968............
1969............
1970............
1971............
1972............
7
8
10
9
7
5
15
10
8
213
255
309
380
439
517
601
637
496
20
11
8
14
34
53
115
I84
206
34
34
33
30
32
32
31
31
32
176
182
191
198
211
225
245
271
292
420
482
546
622
706
805
987
1,232
1,464
140
155
161
170
181
191
215
251
258
2
2
2
2
2
3
5
4
4
1,621
1,780
1,917
2,275
2,674
3,099
3,936
4,765
5,089
2,877
3,109
3,364
3,936
4,499
5,117
6,380
7,376
7,858
1973 (Est.).....
1974 (Est.).....
8
7
479
489
235
292
31
31
311
321
1,597
3,775
264
263
1
3
5/401
5,974
8,381
9,131
1972-May........
June.......
*
*
-2
100
371
2,402
4
54
3
1
29
660
2
13
1
*
9
106
24
160
37
47
130
2,266
1
2
3
6
6
3
57
4
7
29
1
19
1
1
8
*
2
*
*
*
*
•*
2
*
*
*
*
*
120
2,169
1
3
40
17
21
*
137
2
6
1
*
143
2
6
*
1
*
8
100
1
1
*
2
1
*
15
*
*
*
*
*
15
*
* .
*
*
*•
36
652
*
1
*
*
7
*
34
144
1
31
4
15
21
168
252
409
276
276
353
2,474
297
397
329
324
377
321
128
16
162
851
162
2'
July.......
Aug........
Sept.......
Oct........
Nov.,......
D e c . . .*
1973-Jan........
Feb....... .
lifer,;......
Apr.;......
Pay........
Fiscal 1973
14
to date.,......
Source: See Table FF0-2.
* Less than $500,000.
r
1
3
5
8
8
86
18
146
65
76
118
3,036
5,762
ST
Table FFO-5. - Budget Outlays by Major Function
vo
(In millions of dollars)
Fiscal year 1973
Fiscal year 1972
Function
May
June
July
Aug.
7,049r
-lllr
-lOr
9,225
-134
___zL.
9.087
5,310
-173
____ 2_
5,994
-126
____ L.
5,522
-124
-1
JLA2L
£.872,
3JBZ.
Sept.
Oct.
Nov.
6,459
-155
_______ 1 _
6,699
-196
-2
6.305
6.501
Jan.
Feb.
Mar.
6,464
-208
-121
6,829
-190
-6
6,375
-111
7,116
-155
_____2
___ ~3-
6,713
-429
117
64JL2 L.
6.633
6.265
A M .
^■417.
6,401
Apr.
May
Comparable
Cumulative period
to date
FY 1972
National Defense
Outlays...............................
Proprietary receipts from the public...
Intrabudgetary transactions...........
Total national defense................
International affairs and finance
6,628
-208
70,110
-2,094
____ -3
70,335
-1,242
-13
Outlays...............................
Proprietary receipts from the public...
Intrabudgetary transactions...........
278
-10
536
-49
324
-11
301
-1
_■*
219
-21
-■*
285
-26
352
-2
-■*
311
-90
346
-264
_ *
284
-4
346
-23
254
-16
251
-116
3,271
-574
-*
3,534
-234
Total international affairs and finance
268
487
313
300
198
259
350
221
82
280
323
237
136
2,697
3,300
Outlays............................... .
Proprietary receipts from the public...,
271
-1
294
-1
289
273
-1
271
-*
273
-1
286
-2
273
-1
241
301
_*
265
257
-2
3,021
-11
3,141
-12
Total space research and technology....,
270
292
289
292
-3
289
273
271
272
284
271
241
301
265
255
3,010
3,130
Outlays............................... ,
Proprietary receipts from the public...,
151r
-25r
141
-21
2,.417
-20
1,149
-22
822
-16
347
-18
-124
-22
1,012
-18
447
-17
-60
-17
382
-14
-149
-6
6,358
-181
7,150
-208
Total Agriculture and rural development,
126
120
2,397
1,127
115
-13
102
806
329
-146
994
431
-77
368
-155
6,177
6,942
Outlays................................
Proprietary receipts from the public...,
Intrabudgetary transactions............
387
-121
763
-243
1
383
-1,203
630
-96
_•*
532
-210
535
-551
_*
475
-121
_*
441
-481
_*
408
-1,461
-*
433
-123
440
115
4-35
-136
-1
5,059
-4,618
-4
4,346
-1,104
-3
Total natural resources................
265
520
-821
534
321
-16
353
-40
-1,053
351
-120
-1
230
310
324
298
437
Outlays................................
Proprietary receipts from the public
Intrabudgetary transactions............
727
-10
-4
1,453
-26
-77
849
-22
_2_
1,349
-14
-2
1,186
-11
-2
841
-11
-1
1,560
-12
-1
684
-64
-53
1,087
-15
_*
807
-11
-4
Total commerce and transportation......
713
1,350
827
1,333
1,173
1,056
1,091
-11
-99
982
829
1,546
567
1,072
793
925
-16
-Ji
907
Outlays.... ............................
Proprietary receipts from the public...,
490
505
529
658
408
244
_*•
384
_*
414
-*
483
-*•
368
270
-*
243
Total community development and housing.
490
505
529
658
408
244
384
414
483
368
270
Outlays................................
Proprietary receipts from the public
1,035
-2
1,430
-2
765
-1
906
853
-1
801
-1
852
-1
960
809
-1
904
-1
Total education and manpower...........
1,033
1,429
764
906
852
800
851
960
904
Space research and technology
m
&
Agriculture and rural development
Natural resources
Commerce and transportation
ll, 452
-199
... -flfiL
11/
10,846
-124
-876
-149
3,853
3,711
243
-149
3,853
3,711
787
-1
789
-1
1,067
-2
9,494
-10
8,781
-11
786
788
1,066
9,484
8,770
9.846
Community development and housing
Education and manpower
(Continued on following page)
G
w
»
2
o
o
►d
w
1s
—4
o
2
GQ
Qo
Table FFO-5. - Budget Outlays by Major Function - (Continued)
(Jn millions of dollars)
Fiscal year 1972
Function
May
June
Fiscal year 1973
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
,
Comparable
Cumulative period
FY 1972
to date
Mar.
Apr.
May
1,624
-*
1,831
1,690
-*
-116
-126
-118
18,464
-4
-1,746
_3
-1,813
Health
Outlays...................................
Proprietary receipts from the public......
Intrabudgetary transactions...............
Total health..............................
947
2,263
-1
1,055
-*
1,648
-1
-115
-104
-122
832
2,159
933
Outlays...................................
Proprietary receipts from the public......
Intrabudgetary transactions...............
6,224
_•*
-142
7,356
-*
-811
Total income security.....................
6,082
1,013
-39
_•*
1,939
_*
-543
1,752
1,654
-1
-125
-1
-120
1,848
1,395
1,626
1,534
1,507
1,705
1,572
16,714
14,822
6,841
6,373
-*
-•*
6,357
59,107
-20
-4
7,362
_*•
-809
67,793
-526
6,504
_*
-*
6,077
-2
6,006
-*
-3
-1,510
-1,093
5,334
6,258
6,002
6,315
6,503
6,373
6,057
6,353
6,552
66,282
58,013
874
-41
_•*
937
-41
1,325
—4o
1,024
-35
1,203
-45
-*
1,090
-45
_■*
1,107
-43
-*
1,154
-40
1,059
—41
11,598
-457
10,288
1,064
1,114
-13
-4
_*
2,145
-14
-34
-1
1,557
_•*
-126
1,966
-121
1,749
-*
-113
1,526
1,636
1,430
5,370
-•*
-89
5,281
_•*
-28
5,364
6,260
-29
6,544
5,281
5,253
951
-40
-*
924
-39
900
*
-¥■
-117
16,638
Income security
-1
-1
3fe±erans benefits and services
Outlays...................................
Proprietary receipts from the public......
-41
_*
973
911
884
858
832
896
1,279
989
1,157
1,046
Outlays...................................
Proprietary receipts from the public......
Intrabudgetary transactions...............
Interest and dividends....................
Ml3r
1,835
-57
-74
-
1,884
1,880
-15
1,930
-13
-17
-
1,944
-49
-336
1,949
1,968
2,020
-20
-89
Total interest............................
1,784
1,704
1,696
1,723
1,899
Total veterans benefits and services......
-2
-448
-2
1,017
11,138
9,837
2,157
-23
-13
2,184
-7
-11
22,148
-267
-1,016
-84
20,165
-280
-948
-58
m
d
w
$
3
Merest.
-18
-6
-4r
-12
-176
-
-142
-5
-5
-48
-22
2,083
-27
-228
-51
1,559
1,919
1,809
1,777
2,002
2,097
2,120
2,165
20,781
18,879
General government
Outlays...................................
Proprietary receipts from the public......
Intrabudgetary transactions...............
410r
-14r
-10
1,245
-11
-737
1,192
-25
-555
630
-9
-10
415
-82
-10
465
8
-11
483
-26
-10
452
-28
-10
591
2
-8
438
-39
-26
489
-13
-14
430
1
-22
520
-42
-11
6,107
-253
-687
5,134
-189
-555
Total general government..................
386r
497
612
610
322
463
448
415
586
374
462
409
466
5,167
4,390
Expenditures..............................
Proprietary receipts from the public......
Intrabudgetary receipts...................
_
_
_
_
2,617
_
5,504
9
-
14,931
-
-
-
-
-5,305
-
-
-2,990
1,493
-
3
-
-*
-
-
-8,295
-
Total General revenue sharing.............
-
-
-
-
-
-
-
2,617
2,514
9
-*
1,493
3
6,637
-
-371
-2,402
-252
-353
-5,762
-5,456
21,165
-329
20,806
-377
20,055
-397
20,227
-324
18,591
-2,474
19,721
-297
23,202
-409
20,581
-276
19,777r
22,306
20,157
225,712
208,501
o
H
W
5
o►H
2
in
General revenue... sharing.
VMisfrritarted intrabudgetary transactions
Net budget outlays........................
_
_
-276
T§7471 "
5,305
_
_
23,631
_
1
Source:
Monthly statements of receipts and outlays of the Government.
Note:
Above table has been revised to reflect the elimination of the'distinction between the loan account and the expenditure account: see note to Table FFO-1.
*
Less than $500,000.
r Revised.
I
r
S'
July 1973
9
mgraniAi. FISCAL
o p e r a t io n s
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
( In millions of dollars)
Housing and Urban Development Department
Health, Education and Welfare Department
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust fund
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
692
458
-858
3,741
1,584
2,898
3,953
1,274
1,827
1973 (Est.).....
1974 (Est.).....
Federal
Disability
Insurance
Trust Fund
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
_
_
479
-197
77
-345
244
221
3,094
2,738
-137
-263
-413
296
591
1,121
1,342
1,263
934
761
312
786
497
87
590
693
377
-146
1,668
3,529
1972-May.......
June......
1,613
-208
154
290
71
125
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
-90
1,523
-1,607
3,044
-557
-688
-143
137
38
-252
-391
577
1973-Jan.......
Feb.......
Mar.......
Apr.......
May.......
-292
189
380
287
-219
4
82
-48
396
-151
104
-27
-53
152
126
-80
19
47
26
68
52
-51
-4
50
193
-3
486
74
131
14
26
18
31
_*•
1,972
504
846
230
Fiscal 1973 'to
date...........
Fiscal year
or month
Trans
portation
Department
-
141
561
Veterans
Adminis trati on
Treasury
Department
National
Service
Life Insurance
Fund
Other
165
-59
388
723
-589
-747
-5
1,380
1,201
_
-
69
126
204
-109
224
5
86
83
62
-24
6
40
-70
122
29
14
20
29
283
210
Highway
Trust Fund
Other
Federal
Housing
Adminis
tration
Government National
Mortgage Assn.
Partici
pation
Sales
Fund
_
25
50
62
470
465
-369
197
-202
228
346
*
*
*
*
•*
*
-1
_
138
-194
-129
45
135
165
131
128
109
32
192
_*
*
_
_*
*
_■*
-1
1
10
28
*
9
-2
-7
-*
-*
15
-1
-20
18
23
65
-142
126
_■*
31
258
-
_
-
74
-89
2
22
62
55
15
12
Federal
Savings
and Loan
Insurance
Corpora
tion
-3
6
6
592
National
Credit
Union
Adminis
tration
Postal
Service
6
49
8
4
29
1,669
540
190
2
-7
-2
-3
27
659
65
-39
328
-23
575
May........
113
256
164
103
201
21
25
-9
-16
3
-10
-1
-11
-14
-11
-2
-2
-2
-2
-4
Fiscal 1973
to date •••••»•**
1,032
340
137
5
Source: See Table FFO-2.
*
Less than $500,000.
-475
208
-406
-280
1,339
34
291
-2
1
61
7
12
4
8
11
142
1973-Jan........
Feb.........
Mar........
1
1
*
1
-1
56
29
47
-34
7
228
4
-1
-30
4
112
Dec........
1
_
2
-
1
63
9
12
75
-5
43
-6
July.......
Aug........
Sept.......
Oct....... *
_
_*
*
-
-53
-225
1,302
-255
-74
-30
-21
-137
152
1,375
-7
-18
-
-364
830
-198
-233
332
-161
*
*
*
2
-1
_•*
-1
18
106
227
-86
75
19
-93
109
170
1,313
-143
25
4
4
45
2
5
29
7
3
138
1972-May........
June.......
1
1
*
*
2
*
_*
2
193
329
24
32
944
1,330
1
*
_
3
1
-
1,370
-370
-300
244
208
204
212
265
283
173
196
148
1973 (Est.).....
1974 (Est.).....
*>
*
*
*
*
*
*
*
_*
-*
5
4
-8
-8
-1
_•*
-1
-•*
_■*
-1
Other
582
967
1,468
1,156
1,146
938
488
-1,747
-1,428
32
28
14
1
-1
-1
*
-1
Unemploy
ment Trust
Fund
24
-17
14
-8
-10
-3
2
5
11
13
-256
-161
-19
-9
-7
-8
-8
-6
-8
_
6
10
7
10
183
180
227
238
258
313
328
180
438
520
537
-69
-344
-28
484
257
534
1,089
1,033
822
_
_
3
-3
Other
-270
1,250
_
_
-■*
-
-*
Other independent agencies
Federal
Civil
Deposit
Service
Insurance
Commission Corpora
tion
1,189
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123
3,682
3,907
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
Other
Federal
Insurance
Adminis
tration
Labor Department
7
5
■
*
*
11
Railroad
Retire
ment
Board
All
other
Total
69
149
154
173
135
59
268
-9
-110
-7
*
32
51
-21
-204
237
-151
16
2,864
2,330
3,244
9,035
5,320
8,522
10,062
7,417
-3
578
55
59
10,996
15,628
-15
795
2
15
3,498
2,347
-163
-42
-68
2
-59
-6
5
3
2
4
17
-13
-214
--111
-62
-63
-164
-181
-34
-55
-185
800
7
2
2
4
3
-732
899
790
-105
2,202
171
8
37
8,582
8,420
*
1,403
2,655
-1,847
3,173
-617
761
Table FFO-7. - Trust Funds Transactions July 1, 1972 through May 31, 1973
(In millions of dollars)
Outlays
Receipts
Intragovernmental transactions
Classification
Total in
trust
funds
Trust
interfund
and pro
prietary
receipts
1/
Receipts
of trust
funds
Intragovemmental
trans
actions
2/
(l)
(2)
(3)
(4)
Unified
budget
receipts
attrib
utable
to trust
funds
y
(5)
Total in
trust
funds
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
Outlays
of trust
funds
Federal
payments
and con
tribu
tions
(6)
(7)
(S)
(9)
(10)
Interest
and pro
Federal
employer fits on
invest
contri
ments in
butions
Federal
securities
(ID
(12)
Other
(13)
40,634
783
39,851
2,087
37,763
39,793
783
*
39,010
473
559
1,056
Federal Disability Insurance....
5,172
20
5,152
354
4,798
4,958
20
*
4,939
51
73
231
Federal Hospital Insurance......
7,208
*
7,207
651
6,556
6,206
-
*
6,206
430
108
Federal Supplementary Medical
Insurance......................
2,660
*
2,660
1,345
1,315
2,408
-
*
2,408
1,319
Federal Employees Retirement....
5,350
5
5,345
3,339
2,006
4,169
5
-
4,163
-
-
-
-
-
-211
-
_
-
-
-
-
-537
-
741
-
741
49
692
595
8,295
-
8,295
-
8,295
Highway.........................
5,321
-
5,321
128
5,193
Indian Tribal 'Funds.............
186
74
113
113
-
189
Military Assistance Advances....
1,568
1,568
-
-
Railroad Retirement.............
1,257
7
1,250
184
Unemployment....................
6,425
-
6,425
468
Veterans Life Insurance.........
635
455
180
All other trust.................
237
184
Total.........................
85,689
3,096
(1*0
Excess of
receipts
or outlays
(-)
(15)
(16)
2,087
36,923
841
-
354
4,585
213
114
-
651
5,555
1,001
_
26
-
1,345
1,063
252
547
1,936
853
3
3,339
824
1,181
-211
_
_
_
_
-211
211
_
-537
_
_
-537
537
-
-
595
-
-
49
49
546
146
6,637
-
-
6,637
-
-
-
-
-
6,637
1,658
4,277
-
-
4,277
-
-
128
-
128
4,149
1,044
-
74
115
98
-
14
-
113
2
-2
-
1,118
-
1,568
-451
-
-
-
-
-
-451
451
1,066
2,225
7
-
2,218
22
-
162
-
184
2,034
-967
5,957
4,985
-
-
4,985
-
-
321
147
468
4,518
1,439
180
-
537
-
455
82
-
-
178
2
180
-99
98
53
33
20
205
-
184
21
20
-
3
10
33
-12
32
82,593
8,932
73,661
77,553
815
2,282
74,457
2,959
2,676
3,086
210
8,932
65,525
8,136
Federal Employees Life and
Federal Deposit Insurance
Airport and Airway..............
Source: Based on monthly statement of receipts and outlays of the Government.
Note: The memorandum section of various tables in the Federal Budget presents the trust fund receipt
and outlay data on the same concept as columns (3) and (9) above. Trust interfund transactions
are payments from one trust fund to another trust fund and are excluded in calculating trust fund
receipts and outlays. The Intragovernmental transactions are payments from Federal funds to trust
funds, and vice-versa, but excludes trust fund payments of $113 million to Federal Funds.
1/ For content see columns (7) and (8).
2/
2/
-
For content see columns (10-13).
Includes net taxes and other receipts, mainly deposits by States and Federal
employee retirement contributions.
ij Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
*
Less than $500,000.
.FEDERAL FISCAL OPERATIONS
Federal Old-Age and Survivors
Insurance..... .................
Total
Unified
budget
outlays
attrib
utable
to
trust
funds
?
s
&
S#•
July 1973
11
.FEDERAL FISCAL OPERATIONS.
Table FFO-8. - Loan Disbursements and Repayments, Net
Lending, and Loan Balances of Federal Credit Programs
1/
(In million of dollars)
May 31, 1973
Classification
Funds appropriated to the President:
Defense production act.................................
Overseas Private Investment Corporation...............
Total —
Funds appropriated to the President........
Agriculture Department:
Commodity Credit Corporation:
Storage facility and short-term export sales credits.
Farmers Home Administration:
Economic opportunity l o a n s ....... ..................
Agriculture credit insurance.........................
Direct loans......... ...............................
Emergency credit.....................................
Rural development insurance..........................
Rural housing insurance..............................
Self-help housing land development...................
State rural rehabilitation...........................
-
141 _
30
2
20
Total — Farmers Home Administration..... .........
52
Rural Electrification Administration:
Rural telephone bank.................................
Other................................................
Other...................................................
_
Total — Agriculture Department......................
193
Commerce Department:
Economic Development Assistance:
Economic Development Administration....... ..........
Promotion of Industry and Commerce:
Trade Adjustment Assistance..........................
Maritime Administration:
Federal ship mortgage insurance......................
Other.................................................
National Oceanic and Atmospheric Administration.......
Total —
Loan
Net
Disburse
Lending ments
Loan
Loan
Disburse Repay
ments
ments
-
8
Fiscal Year 1973
Cumulative to date
-
-
-
-
__ 22.
9
9
Loan
Repay
ments
,
Net
Lending
Comparable Period
Fiscal Year 1972
Loan
Loan
Balances
Disburse
End of
ments
Period
3
___ 13_
Loan
Repay
ments
Net
Lending
1
-1
3
1
2
3
3
-3
6
6
3
16
2
706
1.485
476
348_
3
1.071
364 __
-7
862
-10
-15
* 105
1,469
-•*
-■*
47
1,170
1,400
53
105
2,183
*
*
-1
819
314
30
8
427
263
100
-9
392
51
-70
1,577
*
2
1,244
333
*
2
1
27
-1
2
1
6
*
*
1
15
*
1,184
59
-1
110
1,515
-*
*
7
322
69
14
5
46
*
*
34
17
2,867
463
2,403
4,958
2,738
2,042
700
_
33
467
*
145
*
33
321
-•*
33
6,321
4
*
475
2
170
1
*
305
1
131
4,437
973
3,463
12,801
3,695
6
45
15
30
467
51
*
7
7
8
1
*
*
*
-*
-*
-*
1
1
1
5
2
*
-5
-2
19
33
7
2
2
5
2
2
6
53
23
30
5?4.,
JL4-
22.
-
63
1 .
*
2,561 ]’ 1*134
13
38
1
-2
-5
-1
Commerce Department.........................
8
Defense Department:
Military:
Defense production guarantees........................
Civil:
Construction of power systems, Ryukyu Islands.......
*
1
-■*
6
6
-•*
3
3
4
-
*
-•*
-
*
-•*
9
-
•*
*
1
-*
6
6
-1
12
3
4
-1
6
30
6
*
6
1
6
*
*
1
*
*
*
-*
6
-■*
-*
6
38
1
2
8
3
1
1
-2
35
*
2
470
81
21
29
7
1
1
*
26
*
2
Health, Education, and Welfare Department..
7
1
5
53
13
41
-,.621_
Housing and Urban Development Department:
Federal Housing Administration:
Federal Housing Administration fund..................
College housing loans................................
Housing for the elderly or handicapped fund.........
Low-rent Public Housing Program......................
42
4
*
33
55
6
*
88
‘ -13
-2
-*
-55
404
56
5
609
78
54
5
- 559
325
2
*
50
Total —
Defense Department........................
Health, Education, and Welfare Department:
Health Services and Mental Health Administration......
Office of Education:
Higher education activities..........................
Student loans............................... .........
Other.................................................
Other........ ..........................................
Total —
6
1,338
3,264
523
115
14
27
2
... 3 ..
___ 22-
-1
7
...1CL
..
224
68
12
697
28
53
4
665
196
15
8
32
Treasury Bulletin
12
lranigRAI. FISCAL OPERATIONS
Table FFO-8. - Loan Disbursements and Repayments, Net Lending,
and Loan Balances of Federal Credit Programs - (Continued) 1/
(In million of dollars)
Fis cal Year 1973
Cumulative to date
Mav 31. 197:
Classificat ion
Loan
Loan
Disburse Repay
ments
ments
Housing and Urban Development Department: (Continued)
Government National Mortgage Association:
Special aflflifrha-n.ce fiinrvhlonfl........... ...............
Management and liquidating functions fund............
Participation sales fund............ .................
Housing management............................ ..........
Community development:
Urban renewal programs................................
Rehabilitation loan fund..............................
Public facility loans.................................
127
354
143
Net
Lending
-227
-1 /*3
Loan
Loan
Disburse Repay
ments
ments
1,253
1X, jfy*(7
OUX
“
' Net
Lending
-344
-801
“
Comparable Period
Fiscal Year 1972
Loan
Balances Loan
Disburse
End of
ments
Period
3,443
482
3
-3
15
Loan
Repay
ments
Net
Lending
*
237
223
30
2
185
-222
-
422
*
30
-1
4
ij j
X
X
Q*3
JO
r7'Z6.
OO
37
15
664
10
7
72
27
9
266
196
460
552
46
25
563
6
7
-10
40
18
Total — Housing and Urban Development Department....
261
793
-532
3,116
3,779
-662
10,102
2,076
1,817
260
Interior Department:
Bureau of Reclamation............................... .
Other....................................................
2
*
17
5
2
1
15
3
172
61
12
4
2
1
10
3
3
18
233
16
3
13
24
82
13
1
13
*
-*
si
4O
Interior Department..........................
2
o
oo
Transportation Department.................................
1
1
X
24
Total —
Treasury Department.............. ........................
*
¥:
7
General Services Administration.... ......................
10
-10
123
6
22
-16
Veterans Administration:
Direct loan program.....................................
Loan guaranty program...................................
Government life insurance fund........ ............... .
National service life insurance.........................
Other.......... .........................................
Total —
Veterans Administration......................
Other independent agencies:
Lr>a-ns to District of Columbia...........................
Export-Import Bank of the United States.................
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation.......
Interstate Commerce Commission..........................
National Capital Planning Commission....................
Small Business Administration:
Business loan and investment fund.....................
Disaster loan fund.....................................
Total —
Loan Account.................................
'
'
H/r
26
*
9
i
41
30
1
g
41
81
47
-48
10
20
20
-
-250
-100
-5
12
7
_on(
—J
43
—*
1
X
sK
inn
xuu
J-4
259
332
Q7
83
£
o
-216
-129
-4
16
7
832
1,066
67
916
- 63
44
167
5
98
12
295
266
10
86
3
-40
365
690
-326
2,944
326
663^
54
150
42
106
605
154
127
44
85
110
42
-1
1
17
1
-16
-1
146
103
19
29
27
*
-8
29
29
594
1,384
1,223
201
124
167
57
33
68
30,954
6.918
5.50?
1
*•
-•*
5
5
15
7
-10
-2
197
664
168
70
1 576
972
-396
q7;wO
nqa
5,838
Source:
Bureau of Accounts.
Note:
This table contains the data formerly included in the loan
account classification, and last published in the June 1972
Preliminary Monthly Statement of Receipts and Expenditures of the
U. S. Government in Section B— The Loan Account of Table III— Budget
Receipts and Outlays. The loan balances presented in this table
are preliminary and may not agree with the later data published
1/
*
?,258„
1,4,12...
quarterly in Table GA-III-2-Loans Outstanding.
The loan account/expenditure accotmt distinction was discontinued in
fiscal 1972 pursuant to (MB Circular No. A-ll, Revised, Dated June 12,
1972. Data formerly classified in the "loan account" will be pub
lished monthly in the Bulletin for users’convenience while the
need for such data is being assessed.
Less than $500,000.
July 1973
13
.FEDERAL OBUGATIONS.
11Obligations” are the basis on which the use of funds is
controlled in the Federal Government.
point
at which the
They are recorded at ihe
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 a£ 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 acqui sition and use of resources.
In general, they
Federal agencies and firms
often do business w it h 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 obligational stage of Government transactions is a
strategic point in
gauging the impact of
the Government’
s
operations on the national economy, since it frequently repre
sents for
business firms the
Government commitment
which
the "performing"
agency records
reimbursements.
In
Table FO-1, obligations that are incurred within the Govern^
ment are distinguished from those incurred outside the Govern
ment.
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
months after the Government
itself
usually causes
may
not occur for
places its order but the order
immediate pressure
on the
private
economy.
Obligations are classified
the trust fund accounts were
in the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on. the basis of the budget concepts
adopted pursuant to the recommendations
according to a uniform set
first published
Commission on Budget Concepts.
of the President's
Treasury Bulletin
14
...............
...FEDERAL
niw.TnA«rinw«
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, May 31, 1973
(in millions of dollars)
Gross obligations incurred
Object class
Outside
Within
42,482
2,729
5,204
3,973
42,482
6,702
5,204
Supplies and materials......................................................
1,381
- 2,187
2,222
328
23,440
15,702
412
1,460
1,033
253
9,183
7,148
1,793
3,647
3,254
581
32,623
22,850
Acquisition of capital assets
Equipment...................................................................
Lands and structures........................................................
Investments and loans.......................................................
12,359
5,508
15,176
2,912
198
90
15,271
5,706
15,266
47,955
71,276
16,860
934
64
2,292
48,019
73,568
23,764
934
65
6,572
62
1,578
1,011
■
*
1,644
7,584
62
Total
Personal services and benefits
Personnel benefits..........................................................
Contractual services and supplies
Travel and transportation of persons.......................................
Rent, communications, and utilities........................................
Grants and fixed charges
Insurance claims and indemnities...........................................
Interest and dividends......................................................
Refunds........................................... ....................... .
Other
Undistributed U.S. obligations.............................................
Obligations incurred abroad.................................................
272,442
310,953
38.511
presentation and therefore may differ somewhat from the Budget
document.)
Source: Reports on Obligations, Standard Form 225, from agencies,
l/ 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
Gro s obligations incurred (as above)............
Deduct:
Advances, reimbursements, other income, etc....
Offsetting receipts.............. ..............
Net obligations incurred........................
27,946
220,72}
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, May 31, 1973
__________________________________________________ (in millions of dollars)_________________________________________________
Major object class
Major function
International affairs and finance....
Grants
and
fixed
charges
Other
Total
3
260
5,886
79,205
6
1,298
421
618
3,386
56
-
*
-
2,699
Personal
services
and
benefits
Contractual
services and
supplies
Equipment
Lands and
structures
30,820
29,686
11,093
1,458
349
609
86
476
2,122
44
Acquisition of capital assets
Investments
and loans
Agriculture and rural development....
724
2,213
12
1
5,468
5,654
-623
13,449
Natural resources.....................
1,731
1,652
337
1,142
38
2,623
-4
7,518
Commerce and transportation..........
8,676
2,179
529
1,047
1,918
5,136
744
20,229
Community development and housing....
296
272
2
826
5,569
3,041
8
10,014
Education and manpower................
572
460
40
33
325
10,717
1
12,149
Health................................
577
2,557
18
30
17
18,704
4
21,907
1,171
873
5
715
3
56,680
-
59,447
1,856
620
113
93
437
9,284
62
12,466
-
-
16,420
Veterans benefits and services.......
1/
*
See footnote 2, Table Fo-4.
Less than $500,000.
-
-
-
-
16,420
3,167
2,017
80
101
99
8.085
4
13,552
50,415
45,260
12,359
4,795
15,175
137.738
6.700
272.442
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, May 31, 1973
(In millions of dollars)
Classification
Legislative Branch 2/...............
The Judiciary.......................
Executive Office of the President....
Fur.ds appropriated to the President:
International security assistance
International development assistance
Other.............................
Agriculture Department:
Commodity Credit Corporation......
Other.............................
Commerce Department...... ...........
Defense Department:
Military:
Department of the Army..........
Department of the Navy..........
Department of the Air Force.....
Defense agencies................
Civil defense...................
Total military..................
Civil.............................
Health, Education, and Welfare
Department....... ;................
Housing and Urban Development
Departments
Government National Mortgage
Association....................
Other...........................
Ihterior Department.................
Justice Department..................
Labor Department....................
State Department....................
Transportation Department...........
Treasury Department:
Interest on the public debt........
Interest on refunds, etc..........
General revenue sharing...........
Other.................. ............
Atomic Energy Commission............
Environmental Protection Agency.....
General Services Administration.....
National Aeronautics and Space
Adminis tration.....................
Veterans Administration.............
Other independent agencies:
Postal Service....................
Small Business Administration.....
Tennessee Valley Authority........
Other............... ..............
Total.........................
Benefits
Personnel Personnel
for
compen benefits
former
sation
V .
personnel
Rent, com
Travel and
Transpor
munications
trans
tation of
portation
and
things
of persons
utilities
172
Printing
and
repro
duction
Other
ser
vices
Sup
plies
and
mate
rials
Equip.
ment
Invest
ments
struc and
tures loans
Grants,
subsidies,
and con
tributions
VO
Other
Grants and fixed charges
Undistrib
uted UJ
obliga
tions
Insurance
Interest
claims
and
and indem
dividends
nities
Obliga
Untions invouchcurred
ered
abroad
175
3
30
REPORTS NOT RECEIVED
4
7
10
57
28
4
168
56
1 ,1 2 6
407
750
1,024
903
805
340
297
4
4,008
__11
220
17
1
20
__ 2
224
382
482
7
27
24
2
297
5
63
210
231
380
20
4
89
1,653
183
24
2 ,769
5 ,311
2,377
3,452
198
528
2,355
3,115
55
1,125
5,013
4,708
58
3,612
4,333
422
1,947
___ 15
12,849 11,388 1 0 ,9 0 4
3
183
1,025
58
3 ,8 2 2
3,924
718
55
3
5
3
14
125
463
380
1,650
35
1,842
-635
-5
16
4
1^33
31
3,550
507
1,797
19,419
24,964
24,013
7,719
w
76,176
§
6
532
357
242
1
1
115
7
1
-87
50
20
5,876
7.567
9,275
61
34
4,015
874
1,131
49
73
460
2
21
13
555
724
14
1
1,899
1,343
13
50
74
798
744
15,688
53,612
72,731
23,921
2,677
1,095
3
40
770
111
Total
gross
obliga
tions
incurred
407
4
339
42
7,408
8,312
7,386
Acquisition of
capital assets
Contractual services and supplies
Personal services & benefits
307
*
§
408
13
37
37
13
70
41
238
794
628
201
20
207
1,237
52
50
1,255
1
7
4
13
14
55
7
4
6
10
5
31
475
14
30
10
693
27
4
4
35
738
#
44
5
5,204
1,381
2,187
6,536
66
287
523
42,481
2,729
1
5
289
21
7
2
822
195
57
7
4
44
332
29
100
150
46
9
29
1
121
122
382
1,837
186
45
48
54
304
12
12
3
5
30
22
1
169
7
39
*
3
84
3,906
7
730
59
41
1,974
223
60
44
317
108
271
175
30
45
347
13
952
1
30
2,619
351
1
249
29
23,440
15,702
12,359
5,508
15
1
1
1
2
13
20
328
Source:
Reports on Obligations, Standard Forms 225, from agencies.
- Note:
Agency shifts are shown in this table beginning with the period os such shifts. The amounts for the complete fiscal year are adjusted a't that time.
only.
1/ For purposes of this report this object class is considered as totally within the Federal Government except
2,360
483
754
2,691
64
2,144
83
377
28
78
15
291
4,216
1,391
41
220
6,637
164
1
327
23
93
56
93
2
4,402
4,958
2,430
1,590
7,709
712
6,755
25
179
4,328
25
13
733
1
1 6,261
16,261
159
159
6,637
1,785
49
26
15,176
GO
2,699
12,437
6,694
25
*
1,861
Z
2,852
1
2,590
I
HH
2,274
1,951
2,005
437
c
9,172
1,965
1,171
11,387
15
25
691
6,397
128
69
-1
200
47,955
71,276
16,860
934
6,572
62
272,442
2/
for the Department of Defense and Transportation Department, U.S. Coast Guard.
Includes reports for Library of Congress, Government Printing Office, and General Accounting Office'
*
Less than $500,000.
Vj)
ON
Table FO-4. - Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Months
(In millions of dollars)
Fiscal year 1972 1/
Fiscal year 1973
Comparable
period
Cumulative FT 1972 1/
to date 2/
Object Class
May
National defense:
Personal services and benefits:
Personnel compensation..................
Personnel benefits......................
Benefits for former personnel...........
Contractual services and supplies:
Travel and transportation of persons....
Transportation of things......... .......
Rent, communications, and utilities.....
Printing and reproduction....... ........
Other services..........................
Supplies and materials..................
Acquisition of capital assets:
Equipment.... ...........................
Lands and structures....................
Grants and fixed charges:
Grants, subsidies, and contributions....
Insurance claims and indemnities........
Refunds...... ...........................
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
2,453
223
379
2,417
274
325
2,646
217
325
1,779
228
325
2,257
231
102
2,158
229
730
1,932
226
361
2,397
218
365
2,055
224
365
2,170
370
370
2,195
217
371
2,120
243
375
24,127
2,677
4,015
22,992
2,432
3,518
*56
98
102
20
948
1,025
98
120
116
19
1,638
1,036
88
101
126
10
2,014
913
110
131
128
10
1,733
1,271
71
125
65
7
1,163
1,052
98
80
90
9
1,362
1,056
57
124
165
11
2,139
1,053
69
96
103
7
1,125
1,058
83
78
99
5
868
891
94
86
122
9
1,588
915
39
54
134
9
1,096
1,371
99
161
63
6
1,027
841
80
68
105
10
892
973
889
1,103
1,199
94
15,003
11,394
779
991
1,128
101
14,802
11,621
631
135
*
1,975
226
*
864
153
*
1,137
97
1
1,051
47
1,224
122
970
203
2
1,062
107
1
1,014
145
*
1,451
137
*
834
178
1
664
1AA
_*
823
123
*
11,093
1,458
3
11,823
1,308
3
3
4
5
10
11
7
6
55
3
8
6
6
6
2
5
4
6
3
8
10
20
7
6
2
1
11
7
4
6
7
4
2
6
8
22
2
6
6
9
2
11
5
4
2
7
11
3
2
7
2
1
50
73
71
65
49
60
65
65
1
757
3
342
537
-*
*
532
1
*
506
-1
*
492
519
-*
*
526
*
-•*
531
*
*
2
546
537
2
617
*
542
1
5,884
*
6,470
1
6,414
8,708
7,846
3,354
6,446
7,158
8,378
6,693
6,732
7,618
7,185
6,430
6,366
79,205
78,205
1,662
4
71
1,710
5
746
1,497
5
691
1,702
5
8
- 1,470
4
139
1,646
4
36
1,578
4
65
1,644
4
11
1,607
4
35
1,572
4
42
2,257
5
48
1,670
4
75
1,712
5
39
IS,354
52
1,189
18,020
48
1,176
48
104
81
12
447
442
51
120
82
26
1,221
828
43
69
76
52
712
479
45
143
105
18
542
386
44
68
86
23
567
355
54
96
100
10
859
276
48
86
72
16
711
340
37
103
106
19
584
357
56
108
104
23
953
523
3C
79
60
16
396
222
42
157
111
18
861
697
44
95
107
21
1,185
413
48
81
94
18
1,063
261
492
1,084
1,023
233
8,432
4,303
1,109
951
205
6,630
4,319
97
113
1,695
278
613
2,579
56
197
961
89
216
1,520
99
298
1,506
27
388
1,364
78
403
3,026
127
234
2,107
111.
314
1,065
263
300
734
159
314
786
133
1,121
1,274
127
265
831
1,266
4,050
15,173
937
2,343
17,911
3,605
6,050
1,327
94
9,072
6,509
1,289
96
5,128
5,666
1,420
60
2,361
5,816
1,455
100
5,941
7,516
1,453
109
2,390
4,990
1,439
42
2,976
6,526
1,478
142
7,797
6,567
1,513
150
5,629
6,582
1,623
41
3,267r
6,701
1,540
27
3,136
7,101
1,667
94
6,578
7,085
1,612
7a
2,702
6,654
1,589
27
47,905
71,203
16,789
868
39,092
62,196
15,497
805
68
72
-124
81
1
-2,369
42
-485
62
*
-48
42
17
211
53
6
-104
71
6
72
55
7
-1,295
46
A
273
80
5
64
688
61
1,022
581
2
14,786
14,088
19,688
13,992
17,522
-268
68
6
21,168
18,913
22,632
22,442
26,134
21,150
25,900
27,861
25,645
26.676
15,872
22,238
193,236
272,442
173,329
251,535
*
*
*
*
-1
_
1
Non-defense:
Personal services and benefits:
Contractual, serv_ic.es .and, su£elies:
Travel and transportation of persons....
Printing and reproduction...............
toaieit.io.fi-.ol .capital a.s§e%§:
Equipment...............................
Grants and fixed charges:
Grants, subsidies, and contributions....
May
.Apr.
2,138
189
292
Other:
Obligations incurred abroad.............
July
*
Other:
*
15,993
22,407
24,814
33,890*
*
136
123
3
15,516r
23,133r
1
_
3,940
46
6
23.445
28,630
*
-*
484
1
a
to
£
1/ Adjusted to exclude Export-Import Bank beginning Aug. 17, 1971.
*
Less than $500,000.
i.
1L
MEMORANDUM
Export-Import Bank of the United States
Gross Obligations Incurred Outside and Within
the Federal Government by Months
VO
(In millions of dollars)
Grants and fixed charges
Fiscal year
or month
Personal services
and benefits personal compensation
Outside
Within
Acquisition of
capital assets investments and loans
Outside
2,427
1972.
Within
Insurance claims
and indemnities
Outside
186
Within
Interest and
dividends
Outside
Within
Other - Undistributed
U.S. obligations
Outside
Within
Total obligations
incurred
Outside
74
87
2,694
Within
Deduct
Gross
obliga
tions
incurred
88
2,782
Advances,
reimburse
Offsetting
ments,
receipts
other in
come, etc.
1,985
Net
obliga
tions
incurred
95
702
1972-May..
472
-15
9
7
466
7
474
165
4
304
June.
156
124
9
7
291
7
298
313
37
-51
July.
436
12
9
7
458
7
465
248
217
Aug..
-1
23
10
5
33
5
39
-4
39
Sept.
427
-11
11
5
427
5
433
213
220
,
Oct..
221
23
11
5
257
6
262
142
Nov..
250
49
13
5
313
5
317
130
27
Dec..
402
5
13
5
420
5
425
279
3
143
51
-106
120
160
1973-Jan..
200
4
14
5
218
5
223
278
Feb..
389
59
13
5
461
5
466
146
320
Mar..
740
41
63
6
844
6
850
223
627
Apr..
668
5
-37
6
637
6
643
124
518
May..
-25
24
11
10
10
10
20
41
-21
3,706
235
131
63
4,078
65
4,143
1,821
Fiscal 1973 to date...
Note:
Transactions for Export-Import Bank have been excluded from the budget since August 17, 1971 pursuant to Public Law 92-126.
*
Less than $500,000.
84
2,238_
i
1
o
2
GO
Treasury Bulletin
18
-ACCOUNT OF THE TREASURER OF TH E UNITED STATES.
Source and Availability of the Balance in the Treasurer’ s Account
The w o r k i n g cash of the T reasury is held ma in ly 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 country.
The tax and loan account system permits the Treasury to
leave funds in banks and in the communities in which they arise
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government securities.
economy.
In most cases the transaction involves merely the transfer of
In this way the Treasury is able to neutralize the
A detailed description of the Treasury’
s depositary system
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
Funds in process
of collection
through:
Treasury operating balance l/
End of
fiscal year
or month
Available funds in
demand accounts at:
Federal
Reserve
Banks
Special
depositaries,
Treasury Tax
and Loan
Accounts
1964..................
1965...................
1966..................
1967..................
1968..................
1969...................
1970..................
1971..................
1972...................
1973..................
939
672
766
1,311
1,074
1,258
1,005
1,274
2*,344
4,038
1971-Dec..............
2,020
9,180
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
9,173
1972-June............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
2,344
2,298
1,730
1,395
1,613
1,182
1,856
1973-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June............
2,749
2,073
2,882
4,162
3,242
4,038
N
Other
deposi
taries 2/
Total
139
106
16,238
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
-
11,306
7,634
6,547
3,025
8,105
6,051
6,786
8,907
139
144
222
259
309
310
310
8,317
9,401
9,744
9,683
4,679
8,433
310
310
309
311
311
106
10,117
8,988
4,976
9,759
7,973
8,278
11,073
11,376
11,784
12,936
14,156
8,232
12,576
-
Federal
Reserve
Banks
234
233
370
577
352
393
355
419
252
243
244
Other
deposi
taries 2 /
-
179
117,
-
Time deposits
and other
depositary
accounts
Coin,
currency,
and coinage
metal
360
320
252
266
190
158
218
187
54
41
229
145
534
775
1,159
768
553
277
441
471
586
Miscel
laneous'
items
Gold
Balance
A/
Balance in
account of
Treasurer
of the
United
States
120
108
102
112
111
112
111
109
107
107
424
58.
55
93
62
86
104
121
108
129
70
126
113
11,036
12,610
12,407
7,759
6,694
7,104
9,016
9,911
11,310
13,741
12,329
252
246
159
259
205
181
121
179
67
62
155
120
87
104
54 '
66
45
58
48
29
37
471
449
412
460
478
447
570
129
45
50
94
112
92
90
107
107
107
107
107
107
107
11,310
9,967
5,809
10,891
9,042
9,220
12,102
393
147
139
476
145
243
137
104
105
194
110
117
17
40
48
42
25
41
597
613
631
644
619
586
86
76
139
77
106
70
107
107
107
107
107
107
12,712
12,870
14,104
15,695
9,343
13,741
Source: Daily Treasury statement.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have
been converted from a time deposit to a demand deposit basis to
permit greater flexibility in Treasury cash management.
2/
ij
Represents funds in process of collection by (a) the Treasurer, U.S.
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
Miscellaneous items column.
The free gold balance can be readily converted to available funds with
Federal Reserve banks.
19
July 1973
.ACCOUNT OP THE TREASU RER OF THE UNITED STA TE S-
Table TUS-2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
Proceeds from sales of securities 1/
Fiscal year
or month
196
196
196
196
196
196
197
197
197
197
4
5
6
7
8
9
0
1
2
3
1972-^June.
Savings
bonds
and
savings
dotes 2/
2,760
2,635
2,704
2,783
2,673
2,599
2,573
2,844
3,309
3,261
Retire
ment
plan and
tax and
loss
bonds 2/
Tax
antici
pation
securities
2,340
7,368
7,643
9,538
10,408
13,043
6,954
6,443
4,413
During period
Taxes
Other
2,014
1,627
1,173
9,576
5,417
3,640
12,421
9,369
6,158
Withheld,
excise,
and cor
poration j±/
43,580
42,475
48,478
70,524
90,791
123,906
132,460
131,121
145,797
171,828
Income (by
special
arrange
ment) J5/
9,921
12,598
14,522
9,257
Total
credits
With
drawals
End of
period
High
Low
Average
58,277
60,050
74,699
91,382
112,583
142,333
151,721
153,346
164,920
185,669
59,421
58,540
75,338
97,160
112,741
141,921
149,317
152,900
164,645
184,874
9,180
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
10,257
10,872
11,274
9,979
8,004
9,720
7,990
8,532
10,251
10,854
1,577
1,844
447
710
1,029
709
894
846
1,737
800
4,747
5,431
4,324
3,775
4,191
4,329
4,022
5,146
5,648
5,644
235
17,160
17,395
17,184
2,271
4,908
264
254
224
250
236
236
11,476
12,044
15,512
11,003
11,445
15,709
11,740
12,298
15,737
13,241
15,759
20,433
12,831
15.817
10,659
15,297
15,020
18,315
7,634
6,547
3,025
8,105
6,051
6,786
8,907
7,638
July.
Aug..
Sept.
Oct..
Nov..
Dec..
7,273
5,945
8',133
7,969
6,786
81,907
3,214
2,337
800
2,995
2,763
1,468
5,653
3,794
3,834
5,315
4,691
5,213
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
343
320
283
292
291
268
12,703
13,153
17,417
16,969
14,526
19,871
13,063
13,473
17,704
17,263
14,817
20,141
13,654
12,386
17,361
17,328
19.817
16,389
8,317
9,401
9,744
9,683
4,679
8,433
8,760
10,854
10,254
9,683
9,541
8,694
3,190
5,373
5,768
1,876
6,190
7,768
8,241
5,921
3,904
1,368
6,718
4,389
1,972
2,441
1,988
2,106
2,047
17
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
y
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 15, 1968;
and FUTA taxes beginning April 1970.
5/ Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
6/ Represents a corrected classification of a December 1972 transaction.
* Less than $500,000.
Treasury Bulletin
20
^ACCOUNT OF THE TREASURER OF TH E 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
Cash
deposits
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1972-June.
July.
Aug..
Sept.
Oct..,
Nov..,
Dec..,
1973-Jan...............
Feb..... ..........
Mar...............
Apr...............
May...............
June ...............
Cash with
drawals 1/
Clearing
accounts
Excess of deposits, 2/
or withdrawals (-)
Total net
transactior
Plus: Net cash borrow
ing, or repayment of
borrowing (-)
Equals: Treasurer *s
account balance, in
crease, or decrease (-)
121,562
125,464
141,095
163,036
165,086
201,735
209,924
205,961
228,285
253,207
124,047
126,395
142,191
164,591
184,581
201,491
223,648
229,353
244,880
276,736
-2,485
-931
-1,095
-1,555
-19,495
243
-13,723
-23,393
-16,594
-23,529
-1,491
-584
-1,075
654
-2,095
-1,928
1,556
1,822
-5,632
2,365
-3,975
-1,515
-2,171
-901
-21,590
-1,684
-12,167
-21,571
-22,226
-21,164
2,895
3,089
1,968
-3,747
20,525
2,094
14,079
22,466
23,625
23,596
26,583
16,410
19,511
23,301
17,550
17,743
21,161
21,103
21,801
26,842
17,978
20,893
22,664
21,960
5,480
- 2,421
*
2,692
-475
-1,233
-42
-436
3,059
-2,457
602
-5,391
-7,330
5,324
-3,343
-4,921
-799
-5,391
-4,638
4,849
-4,577
-4,963
-1,235
4,049
480
232
2,728
5,140
4,117
-1,342
-4,158
5,081
-1,849
178
2,882
24,042
19,881
18,376
26,762
20,852
27,617
24,127
23,697
24,170
24,759
24,145
23,701
-3,816
-5,794
2,003
-3,292
3,916
-1,074
-364
3,775
-174
-2,537
2,233
-1,159
-4,180
-2,019
1,829
-5,829
6,149
1,769
4,338
3,253
-238
-523
610
158
1,234
1,591
-6,352
4,398
-84
276,736
Fiscal 1973 to date......
253,207
-23,529
Source:
Daily Treasury statement. Figures in the first four column
may differ somewhat from those originally published in the daily
Treasury statement because of subsequent reclassification of certain
transactions.
1/ Beginning with the February 1963 Bulletin, figures have been'
2,365
2/
*
-1,751
-1,080
1,575
-203
-4,648
-1,065
409
1,912
895
1,399
2,432
2,432
23,596
-21,164
revised, as shown in the daily Treasury statements beginning January
2 , 1963, to exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
Less than $500,000. '
Table TUS-4. - Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
196
196
196
196
196
196
197
197
197
197
4
5
6
7
8
9
0
1
2
3
Gold assets 1/
Gold liabilities 2/
15,388
13,733 2J
13,159
11,982
10,367
10,367
10,732
15,231
10,132
10,410 4 /
10,410
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
10,303
Balance of gold in
Treasurer’
s account
157
107
118
112
111
112
109
113
107
107
1972-June.
10,410
10,303
July.
Aug..
Sept.
Oct..
Nov..
Dec..
10,410
10,410
10,410
10,410
10,410
10,410
10,303
10,303
10,303
10,303
10,303
10,303
107
107
107
107
107
107
107
10,410
10,303
10,303
10,303
10,303
10,303
10,303
107
107
107
107
107
107
1973- Jan..
Feb..
Mar..
Apr..
May..,
June.
Source:
Circulation Statement of United States Money through 1965;
daily Treasury statement thereafter.
1/ Treasury gold stock which excludes gold in Exchange Stabilization
Fund. See 11International Financial Statistics," Table IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from
September 19, 1965 through February 15, 1972; redemption fund for
Federal Reserve notes until March 18, 1968 when it was combined with
the gold certificate fund pursuant to P.L. 90-269, approved March 18,
'10,410
10,410
10,410
10,410
10,410
1968; and gold reserve against U.S. notes until March 18, 1968 when
it was transferred to the public debt also pursuant to P.L. 90-269.
j}/ The United States payment of the $259 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965 (70 Stat. 119) was made on June
30, 1965.
ij Gold assets were valued at $35 per fine troy ounce until May 8 , 1972,
when they revalued at $38 pursuant to the Par Value Modification Act,
P.L. 92-268, approved March 31, 1972. The increment amounted to $822
million.
July 1973
21
____ M ONETARY STA TISTIC S___
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
Federal
Reserve
notes 2/
Treasury
notes of
1890
United
States
notes
61
59
57
55
54
53
36
22
21
21
21
20
20
20
20
19
13
4
4
4
4
4
4
4
1,723
829
582
395
225
223
220
218
215
18
4
1
1
1
1
1
1
1
*
•*
*
*
*
*
*
*
*
321
302
303
1971-Dec.........................
53
20
4
216
1
1972-May.........................
June........................
20
20
4
4
215
215
Aug*........................
Sept........................
Oct....... .................
Nov......... .
Dec.........................
53
53
52
52
52
52
52
52
20
20
20
20
20
20
4
4
4
4
4
4
1973-Jan.........................
Feb.........................
Mar.........................
Apr.........................
Miy.........................
52
52
52
52
52
20
20
20
20
20
4
4
4
4
4
1964.............................
1965.............................
1966.............................
1968.............................
73
68
64
299
294
297
321
320
32,338
34,820
37,315
39,289
41,722
44,547
47,626
51,304
54,572
34,529
36,058
38,290
40,071
42,331
45,146
48,223
51,922
55,184
*
321
53,678
54,293
1
1
*
*
320
320
54,120
54,572
54,733
55,184
215
215
215
215
214
214
1
1
1
1
1
1
*
*
■
*
'*
*
*
320
320
320
320
320
320
54,771
55,037
54,871
55,802
57,289
58,619
55,383
55,649
55,483
56,413
57,899
59,229
214
214
214
214
214
1
1
1
1
1
*
*
*
*
*
320
320
320
319
320
56,428
56,796
57,251
58,102
59,106
57,038
57,405
57,860
58,711
59,715
i
Coin
End of
fiscal year
or month
Dollars
Federal
Reserve
notes (J
Total
currencies
Fractional
coin
Total
300
Total
money in
circula
tion £/
Money in
circulation
per capita
(in dollars) 6/
1964.............................
1965.............................
1966.............................
1967.............................
1968.............................
1969..........................:..
1970..;..........................
1971.............................
1972.............................
482
482
482
482
482
482
482
482
633
2,723
3,180
3,782
4,160
4,827
5,308
5,646
5,990
6,353
3,205
3,662
4,264
4,641
5,309
5,790
6,128
6,472
7,016
37,734
39,720
42,554
44,712
47,640
50,936
54,351
58,393
62,201
196.41
204.14
216.10
224.55
236.82
250.65
265.39
282.03
297.84
1971-Dec.........................
566
6,209
6,775
61,068
293.48
1972-May.........................
626
633
6,343
6,383
6,969
7,016
61,702
62,201
295.65r
297.84
July........................
Dec.........................
638
644
649
656
665
671
6,414
6,451
6,467
6,516
6,573
6,615
7,052
7,095
7,116
7,172
7,237
7,287
62,435
62/744
62,599
63,586
65,137
66,516
298.76
300.03
299.10
303.60
310.80
317.18
1973-Jan.........................
Feb.........................
Mar.........................
Apr.........................
May.........................
675
681
685
693
700
6,599
6,610
6,635
6,689
6,746
7,274
7,291
7,320
7,382
7,446
64,312
64,696
65,180
66,094
67,161 7/
306.51
308.21
310.33
314.50r
319.38
Sept........................
•Source: Circulation Statement of United States Money through December 1965;
thereafter, Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.*
J/ Issued prior to July 1, 1929.
4/
5/
6/
2/
*
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
22
FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Securities held by:
Total outstanding
End of
fiscal year
- or month
Total
Public
debt
securi
ties
Agency
securi
ties
Total
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,046
59,210
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
432,384
435,439
433,946
439,947
444,247
449,298
11,263
10,894
10,903
11,437
11,459
11,483
11,863
11,770
111,213
113,559
114,962
117,618
115,771
118,944
118,327
119,088
450,068
454,838
458,606
457,063
457,338
11,787
11,779
11,806
11,084
11,041
118,356
119,255
120,045
119,939
122,141
311,713
317,274
319,907
326,221
347,578
353,720
370,919
398,130
427,260
1971-Dec...........
320,344
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
435,177
1972-May...........
June,.........
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
439;175
438,154
443,287
446,876
445,405
451,429
456,110
461,068
427,912
427,260
1973-Jan...........
Feb...........
Mar...........
Apr...........
May...........
461,855
466,617
470,412
468,148
468,380
1964...............
1965...............
1966...............
1967...............
1968................
1969...............
1970...............
1971...............
1972...............
Government accounts
424,131
108,463
Source:
Daily Treasury statement and monthly statement of receipts and
outlays of the Government (Prior to fiscal 1973, monthly statement of
receipts and expenditures of the Government).
1/ Represents non-interest hearing public debt securities issued to the
International Monetary Fund, and prior to FY 1967 to the Internation
al Development Association, and the Inter-American Development Bank
Public
debt
securi
ties
Agency
securi
ties
The public 2/
IMF & Inter
national
lending or
ganizations
1/
58,598
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460
106,188
611
469
468
2,010
3,001
2,846
2,553
2,251
2,100
3,581
3,455
3,810
3,328
2,209
825
825
825
825
2,275
825
109,055
111,460
2,158
2,100
112,785
115,410
113,548
116,709
116,125
116,897
116,210
117,127
117,992
II7 ;902
120,123
Total
Public
debt
securi
ties
Agency
securi
ties
325,889
249,533
252,748
251,782
251,084
269,231
268,080
274,924
294,417
314,976
317,118
8,020
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794
8,771
825
825
327,137
323,770
318,032
314,976
2,177
2,208
2,224
2,235
2,201
2,190
825
825
825
825
825
825
327,499
328,433
328,809
331,660
336,958
341,155
318,773
319,205
319,574
322,413
327,297
331,576
2,145
2,128
2,122
2^037
2,018
825
825
825
825
825
342,674
346,537
349,542
347*383
345,414
333,033
336,887
339,859
338,336
336,390
9,105
8,794
8,726
9,229
9,235
9,248
9,661
9,579
9,642
9,651
9,683
9,047
9,023
257,553
261,614
264,690
267,529.
290,629
279,483
284,880
304,328
323,770
in recognition of U.S. Government subscription commitments. Since
June 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 banks.
Table FD-2. Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
Computed annual interest rate
End of
fiscal year
or month
1964...............
1965...............
1966...............
1967................
1968...............
1969................
1970................
1971................
1972................
1971-Dec...........
Total
interestbearing
public
debt
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
422,308
Computed
annual
interest
charge
10,900
11,467
12,516
12,953
15,404
17,087
20,339
20,254
21,545
21,853
Total
interestbearing
public
debt
Marketable issues
Total
Bills
1/
3.560
3.67&
3.988
4.039
4.499
4.891
5.557
5.141
5.093
5.207
3.659
3.800
4.134
4.165
4.757
5.232
5.986
5.210
5.099
5.290
3.729
4 .O64
4.845
4.360
5.711
6.508
7.340
4.516
4.188
4.763
Certifi
cates
Notes
Treasury
bonds
-
6.420
-
-
6.519
6.312
3.471
3.642
3.655
3.686
3.681
3.722
3.762
3.759
4.018
-
6.367
3.855
-
4.851
5.250
_
3.854
3.842
4.321
4.764
5.294
5.668
Non
marketable
issues 2/
Special
issues
3.462
3.493
3.713
3.745
3.876
3.979
4.327
4.608
4.636
3.238
3.372
3.693
3.854
4.133
4.555
5.235
5.375
5.475
4.614
5.471
~1972-June..........
425,360
21,545
4.188
_
6.312
4.018
4.636
5.475
430,577
433,572
432,127
438,136
442,420
447,298
21,935
22,427
22,565
23,120
23,561
24,006
5.093
5.122
5.202
5.252
5.309
5.359
5.402
5.099
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
5.131
5.254
5.314
5.383
5.461
5.520
_
5.458
5.532*
5.606
5.685
5.768
5.872
5.593
5.696
5.794
5.907
6.024
6.129
4.019
4.235
4.253
4.253
4.254
4.209
4.345
4.346
4.348
4.349
4.392
4.393
5.475
5.485
5.504
5.548
5.546
5.563
24,298
24,884
25,425
25,688
26,067
26,591
6.312
6.334
6.343
6.336
6.337
6.328
6.328
6.387
6.387
6.388
6.412
6.412
4.702
4.714
4.776
4.795
4.815
4.827
448,191
452,928
.456,787
455,214
455,431
456,353
4.279
4.417
4.566
4.746
4.956
5.079
5.265
5.473
5.726
6.021
6.302
6.590
4.838
4.896
4.964
4.995
5.061
5.138
5.614
5.656
5.690
5.727
5.742
5.880
1973-Jan...........
Feb...........
Mar............
Apr...........
June..........
Footnotes at end of Table FD-8.
-
_
-
-
July 1973
23
.FEDERAL DEBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Public issues
End of
fiscal year
or month
Total
interestbearing
public
debt
Marketable
Nonmarketable
Total
public
Total
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1971-Dec.
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
422,303
260,729
264,463
264,311
266,131
284,874
284,940
292,702
313,505
335,762
354,615
336,652
1972-June.
425,360
July.
Aug..
Sept.
Oct..
Nov..
Dec..
430,577
433,572
432,127
438,136
442,420
447,298
335,762
339,570
339,926
339,821
342,725
347,569
351,350
1973-Jan..
Feb.,
Mar.,
Apr.,
May..
June,
448,191
452,928
456,787
455,214
455,431
456,353
353,153
357.102
360,365
358,854
357.103
354,615
Bills
Certif
icates
Treasury
U.S.
bonds
savings invest
bonds
ment
series
Special
Foreign
issues
Currency Other
series
1/
securi
ties 2/
Notes
Treasury
bonds
Total
67,284
52,549
50,649
49,108
71,073
78,946
93,489
104,807
113,419
117,840
83,464
102,481
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
54,240
55,768
55,183
55,459
58,282
58,833
60,103
68,032
78,560
91,644
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
3,546
3,256
2,692
2,589
2,516
2,459
2,387
2,347
2,310
2,275
103
59
44
45
30
28
25
23
22
19
392
1,132
817
624
2,001
1,703
3,389
7,606
16,913
26,781
832
1,137
957
890
1,740
2,367
1,366
1,664
2,072
1,743
68
141
137
97
282
564
1,656
3,389
1,322
1,401
46,627
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
74,614
54,275
2,320
22
14,738
2,013
1,246
85,656
16,913
20,039
19,728
19,745
19,304
19,120
18,921
18,756
23,792
26,760
26,755
26,594
26,781
2,072
1,322
89,598
1,999
2,000
2,001
1,850
1,852
1,710
l ,?'-3
1,561
1,578
1,297
1,316
1,328
1.407
1,353
1,304
1,401
1,392
1,468
91,007
93,646
92,307
95,410
94,851
95,943
95,038
95,826
96,422
Depos
itary
bonds
206,489
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
50,740
53,665
54,929
58,535
64,440
68,356
76,154
86,677
94,648
100,061
262,038
97,505
113,965
50,568
257,202
94,648
78,560
55,921
2,310
22
95,234
96,241
96,363
97,549
100,666
103,870
113.419
113.420
115,668
115,667
117,695
119,410
121,507
49,135
257,717
258,095
257,720
260,863
265,621
269,509
271,121
269,881
269,775
267,847
265,919
262,971
81,853
81,831
82,101
81,862
81,943
81,840
56,188
56,457
56,698
56,974
57,295
57,579
104,901
105,008
104,991
103,163
102,953
100,061
121,515
120,226
120,230
120,197
117.839
117.840
49,064
46,186
45,689
45,619
45,545
44,133
44,705
44,647
44,555
82,032
87,221
90,590
91,008
91,185
93,644
57,839
58,163
58,471
58,776
59,133
59,418
2,309
2,308
2,308
2,306
2,306
2,305
2,301
2,292
2,291
2,290
2,277
2,275
22
22
22
22
22
22
22
22
22
21
20
19
1,652
5,610
Foreign
seri es
securi
ties 1/
source: Daily Treasury statement,
1/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
2J Consists of the dollar equivalent of Treasury certificates of indebted
ness; Treasury bonds from October 1962 - April 1967; and Treasury
notes beginning November 1966 issued and payable in designated foreign
currencies.
45,071
2/
\m I’M
1,743
1.407
98,327
101,738
Includes Treasury bonds, Rural Electrification Administration series
beginning July I960; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1963; Treasury certifcates euro
dollar series from April 1971-September 1971; Treasury bonds beginning
January 1964; State and local Government series (certificate of in
debtedness, Treasury notes and bonds) beginning August 1972; and U.S.i
savings notes beginning May 1967 and discontinued after June 30,
1970; Treasury notes beginning December 1972.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In million of dollars)
End of *
fiscal year
or month
1963.................
1964.................
1965.................
1966.................
1967.................
1968.................
Maturity Classes
Amount
outstanding
Within
1 year
1-5
years
5-10
years
10 - 20
years
20 years
and over
8,360
8,355
8,449
8,439
8,425
8,407
8,374
10,524
8,455
9,343
9,530
14,444
16,328
17,241
17,023
16,797
16,553
16,217
11,048
10,670
10,059
10,397
Average length
1971-Dec.............
203,508
206,489
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,038
85,294
81,424
87,637
89,136
89,648
106,407
103,910
105,530
112,772
121,944
119,141
58,026
65,453
56,198
60,933
71,424
64,470
62,,770
89,615
89,074
89,004
93,648
37,385
34,929
39,169
33,596
24,378
30,754
34,837
15,882
24,503
26,852
29,321
1972-June............
257,202
26,852
9,343
10,05°
3 yrs.
3 mos.
257,717
258,095
257,720
260,863
265,621
269,509
271,121
269,881
269,775
267,847
265,919
262,971
121,94^
122,528
121,589
121,260
122,442
128,569
130,422
89,004
July............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
89,004
85,730
85,730
87,762
26,852
29,149
29,143
29,147
29,146
29,143
29,142
22,357
22,356
22,356
29,620
31,111
9,318
15,419
15,394
15,363
15,330
15,301
15,271
16,114
16,058
16,022
15,996
14,477
10,015
6,208
6,188
6,151
6,112
6,079
6,682
5,783
5,748
5,718
6,385
6,357
3
3
3
3
3
3
3
3
3
3
3
3
2
4
4
3
2
1
1
1
0
0
3
2
1970.................
1971.................
1972.................
1973-Jan.............
Feb.............
Mar.............
Apr.............
May.............
Source:
131,454
130,205
130,187
128,359
125,697
122,803
Office of Debt Analysis in the Office of the Secretary.
86,464
88,564
88,572
95,422
95,425
95,392
88,222
88,223
5
5
5
4
4
4
4
3
3
3
5
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
1
0
4
11
7
2
0
8
6
3
4
mo.
mo.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mo.
mo.
mo.
mo.
mo.
mos.
mos.
Treasury Bulletin
24
FEDERAL DEBT
Table FD-5. - Special Public Debt Issues
(In millions of dollars)
End of
fiscal year
or month
1964.......................
1965.......................
1966.......................
1967.......................
1968.......................
1969.......................
1970.......................
1971.......................
1972.......................
1973.......................
Total
46,627
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
Exchange
Stabilization
Fund
292
232
560
833
722
1,424
2,934
1,903
1,563
1,150
1,376
1,891
3,042
4,435
5,713
6,697
7,488
22,917
216
5,946
24,691
274
275
197
147
159
59
54
88
264
227
228
289
263
6,697
6,700
6,782
6,735
7,130
6,979
7,083
7,056
7,003
7,155
7,281
7,201
7,488
National
service life
insurance
fund
Postal
service fund
-
1,242
85,656
2,513
89,598
July..................
91,007
93,646
, 92,307
95,410
94,851
95,94^
95,038
95,826
96,422
96,360
98,327
101,738
1,424
1,759
2,082
2,808
2,780
2,787
2,903
2,908
2,932
2,925
2,912
2,917
2,934
End of
fiscal year
or month
Federal Savings
and Loan
Insurance
Corporation
Federal
disability
insurance
trust fund
270
312
57
85
174
120
74
156
274
263
1971-Dec..................
1973-Jan...................
Feb...................
Mar...................
Apr...................
May...................
June..................
Federal
Deposit
Insurance
Corporation
13,530
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
1972-June..................
Sept..................
Oct...................
Nov...................
Dec...................
Federal
employees ’
retirement
funds
Government
life insurance
fund
26,148
26,171
26,190
26,161
26,165
27,894
Highway
trust fund
82
100
924
52
152
52
199
44
62
*
112
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
14,799
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
2,947
26,573
2,834
2,691
2,828
2,865
2,613
2,221
2,799
2,992
2,989
3,475
3,549
3,680
4,172
29,126
30,460
30,649
31,029
31,316
31,097
31,424
Railroad
retirement
accounts
Unemployment
trust fund
Other
1/
963
820
2,969
3,123
3,277
3,339
3,303
3,434
3,751
3,852
3,742
3,766
4,931
5,799
7,075
7,785
8,807
9,957
10,520
8,514
7,186
8,330
1,897
3,361
7,406
172
287
188
802
583
772
497
842
1,133
1,899
1,067
3,742
62
63
30
26
45
30
24
14
22
10
3
3
*
_
29,036
30,559
28,952
31,996
31,440
:0,752
332
287
223
3
36
73
80
89
139
81
797
758
717
690
609
265
238
722
978
1,513
2,602
3,635
4,456
5,550
45
744
3,753
139
148
135
136
141
170
156
717
4,456
6,155
July..................
Aug...................
Sept..................
Oct...................
Nov...................
Dec...................
715
711
708
703
700
710
4,371
4,446
4,465
4,372
4,481
4,652
6,162
6,174
6,178
6,186
6,197
6,339
963
2,178
1,974
1,354
1,814
1,794
1,842
3,579
3,536
3,469
3,471
3,412
3,406
7,186
6,822
7,652
7,454
7,221
7,552
7,392
1,133
1,290
1,280
1,293
1,241
1,503
1,727
1973-Jan...................
Feb...................
Mar...................
Apr...................
May...................
June..................
140
90
81
87
12
81
705
699
693
688
680
690
4,764
5,020
5,184
5,287
5,489
5,550
6,329
6,328
6,317
6,303
6,292
6,427
1,530
1,472
1,307
1,249
1,057
820
3,225
3,191
3,135
2,951
3,751
3,766
6,917
7,125
6,719
6,439
7,777
8,330
1,762
1,870
1,975
1,906
1,916
1,899
1964.......................
1965.......................
1966.......................
1967.......................
1968.......................
1969.......................
1970___ * ..................
1971.......................
1972.......................
1973.......................
1971-Dec...................
1972-June..................
956
933
938
814
876
25,220
25,261
25,217
25,537
25,525
26,110
Federal home
loan banks
842
Source:
Daily Treasury statements.
1/ Consists of Federal Housing Administration fund; Employees life
insurance fund; Veterans1 special life insurance fund; Veterans1
reopened insurance fund beginning May 1965; Federal supplementary
medical insurance trust fund beginning July 1966; Servicemen’
s group
life insurance fund from August 1969 - January 1973; Employees health
5,783
5,909
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
6,160
.
-
i
benefits fund beginning October 1970; Export-Import bank of the
United States from February 1967 - October 1968; General Services Admin
istration participation certificate trust; and Washington Metropolitan
Area Transit Authority from November 1972 - March 1973.
* Less than $500,000.,
July 1973
25
i r a n r e P A T nir.iyr
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies 1/
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
Total
amount
outstanding
1/
Family housing
mortgages and
Homeowners
assistance
mortgages
Housing and Urban Development Department
Federal
housing
Admini
stration
Government
National
Mortgage
Association
1964....................
1965....................
1966....................
1967....................
1968....................
1969....................
1970....................
1971....................
1972....................
1971-Dec...............
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
1,951
1,863
1,775
1,683
1,588
11,046
1,638
1972-M a y ...............
June..............
July..............
Aug...............
Sept..............
Oct...............
Nov................
Dec...............
11,263
10,894
1,595
1,588
10,903
11,437
11,459
11,483
11,863
11,770
1,580
1,573
1,565
1,557
1,550
1,535
462
460
456
4,885
4,885
4,885
4,885
4,855
4,830
11,787
11,779
1,527
1,519
1,511
1,502
1,494
454
455
452
445
413
4,830
4,830
4,830
4,480
4,480
1973-Jan...............
Feb...............
M a r ...............
Apr...............
May...............
11,806
11,084
11,041
2,238
2,183
2,112
2,036
793
570
441
492
548
577
517
487
454
470
4,830
7,900
8,600
7,320
6,005
4,920
5,915
1964....................
1965....................
1966....................
1967....................
1968...................
1969....................
1970....................
1971...................
1972...................
1971-Dec...............
IJnited
States
Postal
Service
.
-
250
Other
225
285
417
525
728
996
1,355
1,855
1,595
Banks for
cooperatives
y
827
525
709
1,022
1,385
2,164
2,571
2,472
1,893
2,625
1,819
1,420
-
1,819
1,819
_
_
-
1,817
2,358
2,325
2,325
2,625
2,625
_
_
_
-
Federal
Intermedi
ate credit
banks 2/
1,230
2,369
2,529
2,893
3,363
3,779
-
-
881
1,072
*
*
*
*
6
6
6
6
5
5
5
_
_
-
2,623
2,621
2,620
2,234
_
2,221
-
Federal
Home Loan
Bank Board
5
5
5
5
5
5
_
5
5
5
5
_
5
5
xMemorandum - Interest-bearing
securities of non-Government agencies 4 /
Tennessee
Valley
Authority
180
Secondary
market
operations
_
_
Other independent
agencies - (Continued)
End of
fiscal year
or month
Export-Import
Bank of the
United States
_
5,370
4,920
461
Federal
National
Mortgage
Assn. 2/
1,699
1,797
3,269
4,079
5,887
..
300
2,110
456
454
458
458
Other independent agencies
Farm Credit Administratior
*
*
*
3
3
3
3
3
3
3
1972-M ay ...............
June...... ........
250
250
1,765
1,855
July....,.........
Aug...............
Sept..............
Oct...............
Nov.... ...........
Dec...............
250
250
250
250
250
250
1,905
1,905
1,965
1,995
2,115
2,065
3
3
3
3
3
3
3
3
1973-Jan...............
Feb............
M a r ...............
Apr...............
May...............
250
250
250
250
250
2,095
2,095
2,135
2,165
2,175
3
3
3
3
3
Source: Bureau of Accounts.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased,
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban l)evelopment Act of 1968 (P.L. 90-4a 8).
2/ Effective December 31, 1968, banks for cooperatives and Federal in
Banks for
Federal home
cooperatives loan banks
5/
1/
Federal
intermediate
credit banks
2/
_
_
_
1,411
1,529
1,790
1,805
1,820
4,201
4,757
6,310
4,588
4,702
5,524
9,914
7,923
7,848
7,755
4,942
5,705
6,188
5,565
1,872
1,805
7,849
7,848
6,088
6,188
1,751
1,730
1,730
1,858
1,925
1,964
1,969
2,207
2,210
2,484
2,392
7,847
7,846
7,846
7,949
8,261
8,336
6,244
6,217
6,133
6,021
5,941
5,873
5,960
6,720
6,100
6,337
8,452
8,754
8,753
9,949
11,549
_
_
4,240
6,486
Federal
land
banks
2,974
3,532
4,106
4,612
5,319
5,720
6,192
6,652
7,393
7,075
Federal
National
Mortgage
Association
2/6/
_
_
—
_
8,076
13,165
14,996
18,560
17,701
District of
Columbia
Stadium
Fund
20
20
20
20
20
20
20
20
20
20
7,393
7,393
7,695
7,668
7,825
8,061
8,030
8,027
17,960
18,560
20
20
18,194
18,315
18,939
18,724
19,040
19,239
20
20
20
20
20
20
8,339
8,296
8,497
9,058
9,058
19,253
19,403
19,986
20,057
20,226
20
20
20
20
20
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
For details of-securities outstanding, see Table TSO-6.
Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
Includes mortgage backed bonds beginning June 1970.
Less than $500,000.
Treasury Bulletin
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
Commodity Credit .
Corporation
Sales
_
2,181
-
1964.................
1965,............. ,.
19$6................
1967............... .
1968................
1969.................
1970,...............
1971.......... ......
1972................
1972-May... ........ .
June..... ......
_
_
-
July......
Aug....... ,t...
Sept...........
Oct............
Nov.............
Dec.............
1973-Jan............
Feb...... I...,.
Mar............
Apr..,.........
Retire Outments
standing
_
2,181
"■
_
_
-
_
-T
-
_
_
-
Export-Import Bank
of the United States
Retire Out
ments
standing
Sales
66
373
450
255
761
398
1,411 3/ 650 y
570
533
369
321
268
608
_
_
-
827
1,022
1,385
2,146
2,183
1,814
1,493
1,226
618
Sales
300
1,840
2,900
3,250
1,330
_
—
618
618
2
2
33
-r
_
2
2
1
—
_
_
_
—
616
614
581
581
581
581
579
577
576
576
576
'
Health, Education,
and Welfare
Department 2/
Farmers Home
Administration 1/
Total
Retire
ments
Out
standing
_
_
30
180
180
630
1,280
1,315
1,085
_
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
450
5,370
4,920
-
35
30
25
350
“
4,885
4,885
4,885
4,885
4,855
4,830
4,830
4,830
4,830
4,480
4,480
_
_
_
-
Sales
Retire
ments
Out
standing
-
_
_
600
525
225
-
_
184
401
80
168
600
1,125
1,166
765
685
517
—
29
_
_
_
_
-
24
546
517
517
517
517
517
517
517
517
517
517
493
493
Participation certificates issued by GNMA acting as trustee - (Continued)
Housing and Urban Development Department
Fiscal year
or month
Office of Secretary
Sales
1964......
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
680
1,140
640
1972- May..
June,
July.
Aug..
Sept,
Oct.,
Nov.,
Dec..
Retire Out
ments
standing
27
324
963
405
344
1973-Jan.,
Feb.,
Mar.,
Apr.,
May.
34
X
Small Business
Administration 6/
Government National
Mortgage Association J5/
680
1,820
2,433
2,109
Retire Out
standing
ments
Sales
200
605
740
465
140
20
50
50
134
190
81
193
1,146
741
1,085
741
33
15
741
741
741
741
741
741
741
741
741
707
707
13
11
56
X
Sales
200
785
1,475
1,891
1,897
1,707
1,626
1,433
350
520
430
50
1,466
1,433
1.418
1.418
1.418
1.418
1,405
1.394
1.394
1.394
1.394
1.338
1.338
Source: Bureau of Accounts.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, an$ the Rural Housing
Loan programs.
%J Includes Construction of Higher Education Facilites, Health Professions
Education Fund, and Nurse Training Fund, beginning April 1968.
3/ Includes $107 million refunding transaction,
y
Includes College Housing, Elderly Housing, and Public Facility programs.
2/ Includes Special Assistance, and Management and Liquidating programs.
Retire
ments
70
70
203
225
91
206
.33
41
y
Out
standing
350
800
1,160
1,007
782
691
485
518
485
485
485
485
485
485
485
485
485
485
444
tx\)x
Veterans
Administration 7/
Sales
100
885
260
590
260
Retirements
Out—
standing
10
60
60
79
136
99
107
100
975
1,175
1,704
1,885
1,749
1,650
1,543
10
20
17
14
192
Retire
ment
Out
standing
_
100
100
15
_
_
—
_
_
_
_
3
3
2
6
_
_
100
200
212
209
207
201
_
_
_
_
_
-
1
_
_
_
_
2
-
Sales
202
201
201
201
201
201
201
201
201
201
201
199
199
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
Sales
Retire
ments^
457
42
436
167
667
99
Out
standing
377
419
855
1,021
923
1,590
1,553
1,543
1.523
1.523
1.523
1.523
1,506
1.492
1.492
1.492
1.492
1,300
1,300
Includes programs for Disaster Loans, and Business Loans and Invest
ments .
Includes Direct Loan and Loan Guaranty programs*
8/ In the case of Commodity Credit'Corporation, participation certificates
are called "certificates of interest" and are 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.
July 1973
27
..........................
FEDERAL nBBT.
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
1964.................
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1972-June............
July............
Aug....... ......
Oct.............
Nov.............
Dec........ .
1973-Jan.............
Feb.............
Mar.............
May .........
Total outstanding sub
ject to limitation
Statutory
debt
limit
324,000
324,000
328,000 '
336,000
358,000
377,000
377,000
430,000
450,000
465,000
430,000
Total
Public debt
securities
Interest bearing debt
subject to limitation
Matured debt and bearing no
interest subject to limitation
Agency securities Public debt Agency
& debt of Districl
securities District of
Columbia 2/
securities
of Columbia 1J
1/
Public d6bt
securities
Agehcy
securities
1
1
1
*
*
*
*
*
*
*
312,164
317,581
320,102
326,471
350,743
356,932
373,425
399,475
428,576
459,089
425,462
311,351
316,991
319,641
325,959
346,925
353,084
370,288
397,503
426,638
457,522
423,506
813
590
462
512
3,819
3,8473,137
1,972
1,939
1,567
1,955
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
422,308
792
569
441
492
3,798
3,827
3,117
1,952
1,919
1,547
1,936
20
3,995
3,878
4,210
3,673
2,524
1,355
1,262
1,214
1,278
1,168
1,198
450,000
428,576
426,638
1,939
425,360
1,919
20
1,278
*
450,000
450,000
450,000
450,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
465*000
433,704
436,760
435,270
441,272
445,571
450,618
451,386
456,158
459,923
458,043
458,286
459,089
431,761
434,317
433,324
439,325
443,626'
448,677
449,447
454,217
457,986
456,443
456,718
457,522
1,943
1,943
1,946
1,947
1,945
1,941
1,939
1,940
1,937
1,600
1,568
1,567
430,577
433,572
432,127
438,136
442,420
447,298
1,923
1,923
1,926
1,927
1,925
1,921
20
20
20
20
20
20
1,184
1,245
1,197
1,189
1,506
1,379
*
*
*
*
*
•*
448,191
452,928
456,787
455,214
455,431
456,353
1,919
1,920
1,917
1,580
1,543
1,547
20
20
20
20
20
20
1,256
1,290
1,199
1,229
1,288
1,168
*
*
*
•*
*
*
Source: Daily Treasury statement.
Note: For debt subject to limitation for fiscal years 1940-1963, 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 1972. For a
summary of legislation on debt limitation under the Second Liberty
20
20
20
20
20
20
20
20
20
20
*
Bond Act and the amounts of limitation see Table 32 of the
Statistical Appendix.
1/ Of $3,250 million in participation certificates subject to
limitation issued in fiscal 1968, $1,135 million are now outstanding.
2J District of Columbia Armory Board Stadium Bonds.
*
Less than $500,000.
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 r.omputed by dividing the computed annual
interest charge for the total, or for any group of issues, by the
corresponding principal amount. Beginning with data for December 31>
1958> the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
oft 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.
Treasury Bulletin
28
FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b), as amended,
provides that the face amount of obligations Issued under
authority of that Act, and the face amount of
obligations
guaranteed as to principal and interest by the United States,
shall not exceed in the aggregate $400 billion
outstanding
at any one time. Public Law 92-599 provides that beginning
on November 1, 1972, and ending on June 30, 1973, the public
debt limit shall be temporarily increased by $65 billion.
The Act of June 30, 1967 (Public Law 90-39)
provides
that the face amount of beneficial interests and
participa
tions issued under section 302 (c) of the Federal National
Mortgage Association Charter Act (12 U.3.C. 1717 (c)) during
the fiscal year 1968 and outstanding at any time shall
be
Guided 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, 1973
___________________________(In millions of dollars)____________ _______________________________________
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)................................................................................
465,000
Amounts ou!,standing subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended.............
457,522
Debt of U.S. Government agencies............................ *........................ ,.......
43 ?
Participation certificates (12 U.S.C. 1717(c))................................................
1,135
Total arbunt outstanding subject to statutory debt limitation..............................
459.089
Balance issuable under limitation....... .......................................................
5 91 1
Part B. - Application of Statutory Limitation June 30, 1973
(in millions of dollars)
Classification
TaJ'ai
Public debt:
Interest-bearing debt:
Public issues — marketable:
Treasury bills.................................... *...................................................
Treasury notes................... ......................................................................
Treasury bonds.........................................................................................
Total public issues — marketable......................... ..........................................
outstanding
100,061
117,840
4-5.071
262,971
Public issues — nonmarketable:
Certificates of indebtedness:
Foreign series...... .................. .............................................................
12,148
Foreign currency series..................................................................................... 187
Treasury notes:
24 633
Foreign series............................ ..........................................................
Foreign currency series...*..................................................................... .
1^556
Treasury bonds......................................................................................... ....... 250
Treasury certificates........................................... ....................................... ....... 374
Treasury notes............. ................. .................... .............. *..................... ........ 55
59,418
U.S. savings bonds.*...................................................................................
U.S. Savings notes................................................. -.................................. ....... 519
U.S. retirement plan bonds............................................................................ ........64
Depositary bonds............................. ................ ......................................... ........ 19
Treasury bonds, R.E.A. series......................................................................... ........ 7
Treasury bonds, investment series.....................................................................
2,275
Certificates of indebtedness - State and local
Government series............ ....................................................................... ........ 3
Treasury notes - State and local Government series.................................................... ........ 59
Treasury bonds - State and local Government series............................................................76
Total public issues — nonmarketable................................................................
Special issues to Government agencies and trust funds......................*..............................
Total interest-bearing debt......................... *...............................................
91 ,644
101,738
456,353
Matured debt on which interest has ceased..................................... *.................................... 255
Debt bearing no interest:
1
Special note of the United States:
International Monetary Fund series...................................................................... ....... #25
Mortgage Guaranty Insurance Company Tax and Loss Bonds..... .............................................. ....... 41
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.................................. ....... 72
Silver certificates........................................................................................ ....... 213
Other debt bearing no interest............................................................................. ........ 10
Total debt bearing no interest...........................................................................
1,533
Total public debt....... ............................ *..................................................
458,142
Debt of U.S. Government agencies:
Interest-bearing debt....................... ...................................................................... z^l
Matured debt' on which interest has ceased.... ......*..................................................... .....
•*
Total debt of U.S. Government agencies............................................................ *............ 432
Total public debt and debt of U.S. Government agencies............ ................. '...................
458.573
Deduct debt not subject to limitation....................................................................... ....... 620
Add participation certificates...............................................................................
1,135
Total subject to limitation............................................................................
Source: Daily Treasury statement.
*
Less than $500,000.
459 089
July 1973
29
_________________________ FEDERAL DEBT__________________________
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
End of
fiscal year
or month
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1971-Dec.......
1972-June......
July .....................
Aug.......
Sept......
Oct.......
Nov........
Dec........
1973-Jan.......
Feb.......
lifer.......
Apr.......
May.......
June......
Total
29,241
28,354
26,964
24,611
27,040
28,164
30,651
31,944
33,939
34,237
33,078
Agency
for
Inter
national
Develop
ment 1/
735
712
689
662
638
544
512
451
416
374
435
Commodity
Credit
Corpo
ration
13,990
13,111
11,768
10,097
11,989
12,115
12,262
11,977
11,501
10,864
11,266
Secretary:
Farmers
Rural
Home
Electri
Adminis
fication
tration
Adminis
programs
tration
2/
3,828
4,075
4,234
4,518
4,770
5,045
5,328
5,746
6,051
6,563
5,953
1,170
1,235
1,436
1,415
1,454
1,583
1,416
1,391
1,606
1,610
1,506
Housing and Urban
Development Department
ExportImport
Bank of
the
Govern
United
ment
Other
States Secretary National
A/
Mortgage
2/
Assn. J5/
830
513
178
_
362
720
1,586
783
1,743
1,888
1,895
2,302
2,753
3,133
2,670
1,937
1,570
2,261
3,602
3,914
3,963
3,732
2,393
1,899
1,466
1,329
1,950
2,427
3,133
3,552
3,781
3,053
3,703
10
25
10
15
10
223
665
1,641
372
-
-
Transpor- 1
tation
Veterans
Dent.
Tenn
Adminis
essee
tration:
Valley Saint
Direct
lawrence
Author Seaway
loan
ity
program
Develop
ment
Corp.
1,730
85
123
1,730
95
124
1,730
100
125
1,730
100
125
100
1,730
129
1,730
100
133
1,730
100
133
1,730
130
100
1,730
100
127
123
100
1,730
100
128
1,730
33,939
416
11,501
6,051
1,606
3,781
665
100
408
408
408
408
408
( 398
390
390
390
390
390
374
13,503
10,491
9,483
10,059
10,370
10,655
6,151
6,151
6,251
6,251
6,351
6,252
6,352
6,352
6,465
6,465
6,465
6,563
1,606
1,606
1,606
1,631
1,631
1,359
1,743
1,800
1,297
1,403
1,434
1,205
1,176
3,914
36,279
32,980
32,268
32,750
33,080
32,965
33,232
33,875
33,835
34,784
34,481
34,237
3,944
3,984
4,108
4,058
3,988
4,028
665
744
744
744
1,001
1,001
100
100
100
100
100
100
1,359
1,709
1,709
1,709
1,709
1,610
1,135
1,258
1,338
1,881
1,993
1,888
4,031
4,031
4,061
4,091
4,023
3,963
3,937
4,034
4,002
3,902
3,864
3,833
3,932
3,860
3,545
3,390
3,052
3,053
1,001
1,181
1,181
1,641
1,641
1,641
100
100
100
100
100
100
10,769
10,831
10,883
10,954
10,937
10,864
Source: Daily 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 agen
cies to borrow from the 'Treasury. Further detail may be found in
the 1972 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 316-20, and the 1972 Combined Statement of
Receipts, Expenditures and Balances of the United States Government,
pages 548-550.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude
notes previously issued by the Administrator in connection with
informational media guaranties. The obligation for these notes was
assumed by the Director of tlje United States Information Agency,
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and
•the notes together with others issued for the same purpose are
included in "Other."
2/ Farm housing and other loan programs,Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural
Housing Insurance Fund, and Ry.ral Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
4/ Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; public
facility loans; Low Rent Public Housing Fund; and advances for
National Flood Insurance Fund.
£/ Consists of liabilities taken over by the Association from the
•
Under
Defense
Produc
tion
Act
of 1950
Other
8/
1/
2,01?
2,056
2,023
1,850
1,854
2,032
1,996
2,010
2,010
2,014
35
51
72
90
118
148
183
250
294
315
2,010
250
294
295
294
294
294
294
296
1 296
296
296
296
304
315
127
1,730
2,010
126
126
125
125
124
124
123
123
123
123
123
123
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
2,014
2,014
2,014
2,014
2,014
2,014
2,014
2,014
2,014
2,014
2,014
2,014
,
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation. 6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968 - December 1969.
2/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of
Agriculture; the Secretary of Interior (Defense Minerals of Exploration
Administration); and the Secretary of the Treasury through May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration)1 for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 ,and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corporation from
September 1959 - September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of
helium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from
January 1966 - May 1967; and revenue,bonds for Smithsonian Institu
tion (John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation ('Washington Jjfetropol itan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) beginning May, 1973.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and Annual Treasury Bills
Outstanding June 30, 1973
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
Description
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Total
1/
327
728
1,512
3,166
10/1/73-10
1,839
3,894
30
11/15/73
4,336
657
3,679
10,099
1,712
T l *
8-1/8%
4%
Note Bond -
8/15/73-B
8/15/73
Oct.
1-1/2$
Note -
Nov.
4-1/8$
Bond -
Total......................
Feb..
Apr..
Nov..
30
545
333
2
1,922
2,627
535
1,003
5,818
2,315
3,331
4,466
60
2,000
5,442
1,214
2,102
2,205
153
67
3,237
1,061
33,789
10,721
4-1/8#
7-3/4?
1-1/2?
Bond Note -
2/15/74
2/15/74-C
2,467
2,960
Note -
4/1/74-EA
4-1/4?
7-1/4?
5-5/8?
Bond Note -
5/15/74
5/15/74-D
34
2,850
4,334
Note -
8/15/74-B
6?
1-1/2?
Note -
9/30/74-E
Note -
10/1/74-E0
42
Nov.
5-3/4?
3-7/8#
Note Bond -
Dec.
5-7/8$
Note -
11/15/74-A
11/15/74
12/31/74-F
Apr.
May.
Aug.
Sept
Oct.
Description
Total
U.S. Govt,
accounts and
Federal Re
serve banks
All
other
investors
Total.
10,284
2,060
6-1/4$
1-1/2$
6$
Note Note Note -
2/15/78-A
4/1/78-EA
ll/15/78-B
8,389
15
8,207
Total......................
16,611
3,384
3,626
7,010
5,005
15
4,581
9,601
1979
1974
Feb.
Held by 2/ -
1978
1973
Aug.
Amount of maturities
Year
and
month
of final
maturity
1/
Held by 2/
Aug..
6-1/4$
Note -
8/15/79-A
4,559
6-5/8$
Note -
11/15/79-B
1,604
1,714
836
2,845
Nov..
6,163 '
2,550
3,613
Total......................
32
768
1980
Feb..
May..
Nov..
4$
6-7/8$
Bond
Note
2/15/80
2,577
855
1,722
5/15/80-A
7,265
5,299
1,966
3-1/2$
Bond
11/15/80
Total........
42
1,898
749
11,740
6,903
1,149
4,837
1981
7$
Bond -
8/15/81
807
407
400
6-3/8$
Bond
2/15/82
2,702
966
1,736
3-1/4$
Bond
6/15/78-83
1,492
274
1,218
6-3/8$
Bond
8/15/84
2,353
1,343
1,010
3-1/4$
Bond
4-1/4$
Total..
5/15/85
5/15/75-85
974
1,204
2,178
224
488
712
750
716
1,466
Nov..
6-1/8$
Bond -
11/15/86
1,216
876
340
1990
Feb..
3-1/2$
Bond -
2/15/90
4,135
1,140
2,995
4-1/4$
Bond -
8/15/87-92
3,732
1,429
2,303
4$
6-3/4$
Total.
Bond Bond -
2/15/88-93
2/15/93
236
627
166
460
863
70
167
237
4-1/8$
.Bond -
1,494
563
931
913
152
761
Aug..
1982
2,03*
23,068
Feb..
1983
June.
1975
Feb.
5-3/4$
5-7/8$
Note Note -
2/15/75-A
2/15/75-E
Apr.
l/-l/2$
Note -
4/1/75-EA
5-7/8$
Note
Note
5/15/75-B
5/15/75-F
6,760
1,776
Aug.
5-7/8$
Note
8/15/75-C
Oct.
1-1/2$
7$
10/1/75-E0
11/15/75-D
7,679
30
Nov.
Note
Note
May.
Total..
4,015
1,222
1,523
104
1984
2,492
1,118
Aug..
1985
8
4,491
93
2,671
2,269
1,683
5,008
3,115
765
30
2,350
24,605
9,647
14,958'
May..
1986
1976
2,867
1,176
872
3,769
27
2,697
2,802
785
574
1,612
1,605
1,912
2,228
6-1/4$
5-7/8$
Note Note -
Apr.
1-1/2$
Note - f 4/1/76-EA
May.
6-1/2$
5-3/4$
7-1/2$
6-1/2$
1-1/2$
Note
Note
Note
Note
Note
-
5/15/76-B
5/15/76-E
8/15/76-C
8/15/76-G
10/1/76-E0
6-1/4$
Note -
ll/15/76-D
4,325
250
4,075
Total......................
26,623
8,869
17,754
Aug.
Oct.
Nov.
2/15/76-A
2/15/76-F
3,739
4,945
27
Feb.
4,194
3,883
11
1992
Aug..
1993
Feb..
2,582
2,278
626
11
1994
May..
5/15/89-94
1995
1977
Feb.
Apr.
Aug.
Oct.
Feb..
1-1/2$
7-3/4$
1-1/2$
Total..
Note
Note
Note
Note
2/15/77-A
4/1/77-EA
8/15/77-B
10/I/1/77-:E0
5,163
5
2,264
17
3,056
7,449
3,883
827
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.11
2,107
5
1,437
17
3$
-
May..
7$
Bond -
Nov..
3-1/2$
2/15/95
1998
3,566
Total..
2/
5/15/93-98
11/15/98
692
176
516
3,259
903
2,356
3,951
1,079
2,872
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.
31
July 1973
PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Treasury Bills
(Amount in millions of dollars)
Description of new issue
Number of
days to
maturity 1/
Amount of
bids
tendered
f1973-May
Aug.
91
182
3,471.7
3,087.0
>•
91
182
Issue date
Maturity
date
Total
unmatured
issues out
standing after
new issues
Total
amount
On competi
tive basis
On noncompeti
tive basis 2/
Amount
maturing on
issue date
of new
offering
2,401.1
2,217.6
1,707.8
2,191.8
1,708.0
183.5
92.6
2,399.9
1,801.8
31,231.5
48,134.8
199.1
92.5
2,404.3
1,801.2
216.7
112.6
2,402.0
1,800.8
216.2
116.5
222.7
123.3
230.1
147.0
2,405.4
1,801.8
31,218.0
48,134.1
31,216.7
48,134.3
31,211.7
48,133.8
2,404.5
1,800.6
31,209.1
48,139,8
2,402.3
1,800.5
48 ,140.3
232.4
161.5
2,402.8
1,802.2
31,206.2
48,138.8
2 ,401.1
1,800.3
2,400.1
1,800.7
31,207.2
48,138.9
31,205.7
48,137.5
Amount of bids accepted
Regular weekly:
(13-week and 26-week)
TQ70-'jrflT.
i
June H
Sept. 13
June 21
Sept. 20
91
182
91
182
3,467.4
4,686.6
June 28
Sept. 27
July
5
Oct,
4
July 12
Oct. 11
91
182
3,657.5
4,624.3
2,400.4
l,801.4r
2 ,401.8
1,806.6
91
182
3,891.4
4,239.4
2,401.4
1,801.0
91
182
July
Oct.
19
18
91
182
July
Oct.
26
25
91
182
2,400.8
1,800.7
2,402.2
1,800.3
2,398.6
1,799.3
2,178.1
1,678.8
*
4,099.4
3,431.4
4,172.1
3,760.0
3,471.6
3.839.1r
2,188.1
1,691.7
224.1
121.5
210.5
107.6
>
Aug.
Nov.
2
1
91
182
3,862.1
3,615.8
2,501.0
1,800.6
2,276.9
1,687.7
224.1
112.9
2,402.0
1,901.2
31,304.7
48,037.0
Aug.
Nov.
9
8
91
182
4,375.9
3,619.1
2,504.5
1,801.7
2,280.2
1,696.1
224.2
105.6
2,401.9
1,901.4
31,407.3
47,937.3
Aug.
Nov.
16
15
91
182
3,788.7
3,552.3
2,500.7r
1,692.7
2,300.7
1,585.8
200.Or
106.8
2,403.1
1,901.2
31,504.8
47,728.8
Aug.
Nov.
23
23
91
183
3,454.1
3,263.Or
2,501.1
1,701.Or
2,279.9
1,603.0
221.3
97.9r
2,400.7
1,900.5
31,605.2
47,529.2r
Aug.
Nov.
30
29
91
182
3,452.2r
3,564.5
2,502.0
1,702.0
2,294.9
1,590.6
207.0
111.4
2,401.1
1,902.7
31,706.1
47,328.^r
Sept. 6
Dec.
6
Sept. 13
Dec. 13
Sept. 20
Dec. 20
91
182
3,423.5
3,398.7
3,579.6
3,214.4
2,501.0
1,707.4
2,502.4
1,700.8
2,250.8
1,580.1
2,219.7
1,550.0
250.2
127.3
282.6
150.8
2,390.9
1,896.5
2,400.7
1,901.6
31,816.3
47,139.4
31,917.9
46,938.6
91
182
91
182
2,501.1
1,700.9
2,503.2
1,701.2
2,227.2
1,567.8
Sept. 27
Dec. 27
4,165.3
3,773.9
4,022.1
3,776.3
273.9
133.1
272.6
144.5
2,400.4
1,905.9
2 ,401.8
1,903.2
32,018.5
46,733.6
32,119.8
46,531.6
ft.973-Mar. 31
274
365
1,282.4
1,961.2
501.1
1,201.2
500.2
1,201.0
489.2
1,171.2
500.5
1,200.3
500.2
1,202.5
4,504.4
14,406.6
500.9
1,803.4
1,800.5
484.7
1,770.5
11.9
30.1
16.1
31.1
16.2
32.8
►
22
**
29
P
►
5
...........................
Ik
12
►
19
26
in
f
I
r
I
r
I
1H
OJ
June
*
7
1/
..... . •........
►
............................................................
2 1 ............................................................
*
.r
9-month and one-v ear;
Tiiir,^
or»
{s
►
Aug.
31..................
Sept. 30..................
Oct.
2 ..................
31..................
►
L
r
{
91
182
2,400.7
1,801.0
June
30
Apr.
July
May
Aug.
30
31
31
28
273
365
1,525.7
2,849.8
273
362
1,911.4
4,913.6
Sept. 25
June 30
July 31
Oct. 23
Nov. 20
Dec. 18
360
4,144.7
271
273
357
355
352
1,547.4
1,811.0
3,342.5
3,801.0
3,176.8
349
3,072.2
1,800.5
1,804.0
3,254.7
1,801.1
3,011.4
Nov.
Dec.
30..................
31..................
1973-Jan.
31..................
1974-Jan.
Feb.
28..................
Feb.
15
12
Mar.
Apr.
31..................
30..................
Mar.
12
349
346
Apr.
9
344
3,335.4
May
31..................
May
June
7
4
341
339
3,936.6
Footnotes at end of table.
1,800.4
2,390.9
1,800.5
3,610.4
3,255.3
3,416.6
2,802.6
g
A r
31
30
June
7
Sept. 6
3,193.4
499.9
500.5
1,802.5
1,802.0
2,184.0
1,688.4
2,184.2
1,684.9
2,179.1
1,683.3
2,171.3
1,654.0
2,168.4
1,639.2
2 ,230.6
1,556.7
484.1
1,169.8
1,748.4
486.0
487.8
1,773.3
1,772.6
1,770.0
52.1
13.9
12.8
29.2
500.3
1,199.9
1,200.7
31,208.2
4,504.4
14,405.1
4,505.0
15,008.6
15,608.4
4,503.6
29.4
30.5
501.3
499.9
1,200.3
1,700.7 2 /
1 ,701.0 y
1,773.0
43.9
28.1
1,700.3 i/
1,700.7 y
21,019.3
21,119.7
1,790.3
1,801.8
1,745.7
44.6
1,760.0
41.8
1,701.9 y
1 ,700.0 y
21,208.0
21,309.8
1,800.4
1,800.8
1,764.0
36.4
56.1
1 ,701.1 y
21,409.1
1,701.1 y
21,508.8
(Continued on following page)
1,760.1
1,744.7
4,504.3
16,210.6
20,816.2
20,915.6
Treasury Bulletin
32
.PUBLIC DEBT OPERATION S.
Table PDO-2. - Offerings of Treasury Bills - (Continued)
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Low
High
Price per hundred
Equivalent rate ij
Price per hundred
Equivalent rate Ij
(Percent)
(Percent)
Regular weekly:
(13-week and 26-week
98.545
96.970
'98.514
96.829
5.812
6.044
5.879
6.272
98.534
96.872 1/
5.756
5.993
5.800
6.187
98.522
96.927
5.847
6.078
5.898
6.373
98.495
96.807
98.468
96.715
5.954
6.316
6.061
6.498
98.484
96.744
5.998
6.441
98.509
96.778 K
2/
98.399
L 96.583
6.333
6.760
98.414 18/
96.590
6.274
6.745
98.388
96.579
6.377
6.767
98.420
6.252
6,,633
6.530
6.815
6.187
6.269
98.430
96_.657
98.367
96.585
98.452
96.854
6.211
6.613
6.460
6.755
6.124
6.223
98.410
96.644
98.341
96.548
98.430
96.816
6.290
6.638
"98.436
96.770
"98.420
96.648
6.187
6.388
98.443
96.778 11/
98.432
96.765
6.250
6.631
98.435
6.160
6.373
6.191
6.599
96.676
( 98.413
6.277
6,574
6.136
6.431
6.180
6.457
98.433
96.700
98.455
96.758
6.199
6.527
6.112
6.413
98.406
96.670
93.448
96.741
98.452
96.76112/
6.124
6.407
98.433
96.730
6.199
6.453
6.747
98.395 \ U
96.602 ig/
6.349
6.685
93.353
96.553
6.496
6.771
6.693
6.864
7.132
7.211
98.332
96.554 16/
93.229 17/
96.386 18/
7.127
7.172
93.213 12/
96.392 20/
6.599
6.816
7.006
7.149
7.069
7.137
93.289
.96.518
93.185
96.350
93.186
96.368
6.769
6.887
7.180
7.220
7.176
7.134
93.164
96.332
7.265
7.255
98.177 21/
96.352 22/
7.212
7.216
' 93.173
96.310
7.229
7.299
98.132
96.320 22/
7.192
7.279
93.160
96.328
98.16^
96.304
7.279
7.263
7.251
7.311
r 96.382
95.079
^ 96.418
95.014
* 96.178
94.793
' 94.471
95.976
4.754
4.853
4.731
4.918
5.040
5.178
96.439
95.155 TJJ
96.428
95.043
96.210
94‘
.831 25/
96.347
95.011
4.800
4.921
4.758
4.929
5.045
5.200
5.529
5.346
96.039
94.726
5.223
5.318
94.847
5.225
94.523
95.997
96.068
94.744
94.872
4.679
4.779
4.710
4.889
4.998
5.140
5.477
94.782
94*197
5.337
5.986
94.134
93.642
93.695
93.542
93.187
7.235
f 98.531
96.944
>96 M i
" 98.349
96.555
* 98.436
96.831
f 98.449
96.749
98.438
96.736
98.369
96.570
98.308
96.530
k 93.197
96.355
93.198
96.374
(
footnotes on following page.
Equivalent average
rate ij
,
96.664 12/
94.794 26/
5.318
5.185
5.300
5.200
98.408
96.639
96.392
95.003
96.174
94.771
94.450
6.563
6.828
6.211
6.298
6.203
6.399
6.298
6.648
6.306
6.587
6.140
6.446
6.468
5.550
95.964
96.023
94.695
5.361
94.824
94.735
5.249
94.144
6.041
5.244
5.350
94.261 2Z/
5.324
5.920
6.050
94.203
5.980
94.107
6.079
6.616
6.598
6.818
93.741
93.755 28/
93.587
6.512
6.535
6.770
93.606
93.674
93.512
6.653
6.620
6.850
93.220 22/
7.200
93.168
7.255
5.385
33
July 1973
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 addi
tional issues of bills with an original maturity of one year. v
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/ Of this amount $499,895,000 redeemed for 9 month bills dated June 30,
1972.
i / Bank discount basis.
5/ Except $695,000 at 98.559.
6/ Except $910,000 at 96.986 and $600,000 at 96.976.
2/ Except $50,000 at 96.876.
8/ Except $2,000,000 at 98.521.
2 / Except $300,000 at 96.794.
10/ Except $175,000 at 98.482 and $25,000 at 98.446.
11/ Except $10,000 at 96.935, $3,000,000 at 96.901, $2,000,000 at 96.891
and $3,000,000 at 96.876.
12/ Except $200,000 at 96.755, $400,000 at 96.744, $600,000 at 96.735,
$500,000 at 96.690 and $10,000 at 96.680.
12/ Except $10,000 at 96.875.
2A/ Except $10,000 at 98.433.
15/ Except $10,000 at 96.875, $50,000 at 96.644 and
$3,050,000 at 96.608. •
16/ Except $175,000 at 96.584, $40,000 at 96.570, $50,000 at 96.564 and
$865,000 at 96.562.
17/ Except $350,000 at 98.236.
18/ Except $10,000 at 96.525.
12/ Except $1,320,000 at 98.256.
2Q/ Except $200,000 at 96.454.
21/ Except $10,000 at 98.186.
22/ Except $45,000 at 96.375.
22/ Except $825,000 at 96.334 and $25,000 at 96.355.
24/ Except $285,000 at 95.164.
25/ Except $50,000 at 95.198 and $100,000 at 94.975.
26/ Except $475,000 at 94.803.
27/ Except $400,000 at 94.816 and $230,000 at 94.280.
28/ Except $320,000 at 93.789.
29/ Except $300,000 at 93.286 and $470,000
at 93.234.
r Revised.
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/
(Dollar amounts in millions)
Discription of issue
Maturity
date
Issue
date
1970-July
2,
9.
16.
23.
July
Aug.
30.
6.
13.
20.
27.
Sept.
Nov.
1,801
1,311
6.643
6.657
91
182
2,916
2,873
3,014
2,458
6.547
6.644
6.385
6.442
100
91
182
1,803
1,305
1,802
1,300
91
182
1,801
1,301
6.347
6.429
100
91
182
2,662
2,465
2,632
2,056
6.414
6.495
107
91
182
2,499
2,476
1,811
1,300
1,801
1,303
6.511
6.681
100
91
182
2,946
2,515
2,660
2,588
1,803
1,298
6.526
6.587
114
1,791
1,403
1,802
1,400
6.197
6.338
91
i
8.
15.
1970-Dec.
1971-Apr.
3.
17
18
91
182
24
25
1,801
1,402
91
182
2,714
2,607
2,992
2,525
31
1
91
182
2,453
2,486
1,801
1,401
7
8
91
182
2,449
2,562
14
15
91
182
21
22
1,805
1,395
6.314
6.494
5.955
6.241
99
105
97
97
1,802
1,404
6.029
6.224
103
91
182
3,156
2,100
1,801
1,401
5.943
6.129
98
28
29
91
182
2,615
2,909
1,800
1,401
5.830
6.117
99
4
6
91
182
3,230
2,448
1,830
1,402
5.655
5.772
120
Feb.
May
11
13
18
20
91
182
2“
,877
2,940
91
181
2,940
3,272
1,803
1,401
1,801
1,403
5.461
5.653
5.283
5.405
Feb.
May
Feb.
May
25
27
90
181
2,839
2,470
1,901
1,400
4.759
4.855
209
4
3
91
182
3,527
2,320
1,903
1,399
5.083
4 #979
194
11
10
91
182
2,841
2,069
1,901
1,401
18
17
91
182
2,883
2,343
1,901
1,400
4.883
4.874
4.776
4.785
25
24
91
182
2,928
2,364
1,910
1,404
4.726
4.765
206
1
1
91
182
2,646
2,010
1,904
1,402
4.830
4.836
202
24
23
91
182
2,959
2,648
1,900
1,602
3.330
3.482
197
1
30
91
182
2,885
2,672
1,900
1,600
3.522
3.695
195
8
7
91
182
2,795
2,600
2,000
1,601
3.704
3.755
196
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Feb.
May
Mar.
June
Mar.
June
Apr.
July
June
Sept.
July
Sept.
July
Oct.
Footnotes at end of table.
1,805
1,405
6.342
6.507
6.366
6.555
2,780
3,444
Jan.
Apr.
24.
8.
91
182
2,380
2,075
2,758
2,976
95
99
Mar.
Julie
1.
91
182
3
4
10
11
102
}
1,802
1,402
17.
25.
92
182
$108
}
5.809
6.373
6.024
6.412
Mar.
June
31.
Apr.
2,331
2,170
1970-Dec.
1971-Mar.
10.
1971-Mar.
91
182
1.
27.
Dec.
8
Oct.
7
1971-Jan.
15
1970-0ct.
14
1971-Jan.
22
1970-0ct.
21
1971-Jan.
29
1970-0ct.
28
1971-Jan.
5
1970-Nov.
4
1971-Feb.
12
1970-Nov.
11
1971-Feb.
19
1970-Nov.
18
1971-Feb.
27
25
f
1970-Dec.
1971-Mar.
19.
New money
Increase, or
decrease (-)
6.422
6.602
24.
12.
Average rate
of bids
accepted 2/
(Percent)
$1,807
1,303
1970-Dec.
1971-Mar.
5.
Amount
of bids
accepted
$2,357
2,659
17.
29.
Amount
of bids
tendered
91
182
1970-Nov.
1971-Feb.
1970-Dec.
1971-Mar.
22.
Number of
days to
maturity
1
31
2.
10.
Oct.
f l970-0ct.
Dec.
/
(Continued on following page)
94
101
98
194
197
July 1973
35
, PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills
1/ -
(Continued)
(Dollar amounts in millions)
Discription of issue
1971-Apr.
15,
june
24.,
July
1..
Aug.
Dec.
1972-Feb.
182
Sept.
Dec.
23
23
182
Sept.
Dec.
30
30
182
91
91
91
New money
increase, or
decrease (-)
$3,111
2,618
$2,001
1,600
4.038
4.141
$193
3,044
2,670
2,203
1,603
4.954
5.133
101
2,917
2,303
1,601
2,200
5.078
5.278
96
7
6
182
3,335
3,286
2.303
1,592
5.467
5.614
91
15.,
”1971-Oct»
1972-Jan.
14
13
91
182
4,095
3,226
2,302
1,601
5.377
5.483
93
22.
" 1971-Oct.
1972-Jan.
21
20
91
182
4,091
2,982
1,601
2,302
5.546
5.724
99
29.
1971-Oct.
1972-Jan.
28
27
182
4,421
3,609
2,313
1,601
5.556
5.833
110
5.,
”1971-Nov.
1972-Feb.
4
3
182
3,802
3,399
•2,301
1,601
5.273
5.618
94
.
1971-Nov.
1972-Feb.
11
10
91
182
3,561
2,742
2,300
1,600
5.371
5.769
98
19.
* 1971-Nov.
1972-Feb.
18
17
91
182
3,269
2,877
2,302
1,600
4.923
5.203
298
26.
1971-Nov.
# 1972-Feb.
26
24
92
182
3,713
2,817
2,301
1,600
4.748
4.859
198
1971-Dec.
. 1972-Mar.
2
2
91
182
3,769
2,616
2,300
1,600
4.551
4.771
197
1971-Dec.
1972-Mar.
9
9
91
182
3,259
2,679
2.303
1,602
4.536
4.846
203
1971-Dec.
1972-Mar.
16
16
91
3,123
2,452
2,300
182
1,601
4.836
5.085
199
23.
1971-Dec.
1972-Mar.
23
23
91
182
3,352
2,399
1,600
2,300
4.742
4.993
96
30.,
1971-Dec.
1972-Mar.
30
30
91
182
3,950
3,046
2,301
1,600
4.675
4.973
101
21.
Jan.
Apr.
20
20
91
182
3,515
3,275
2,301
1,601
4.493
4.634
198
28.,
Jan.
Apr.
27
27
91
182
4,155
2,983
2,302
1,601
4.444
4.530
188
4.
Feb.
May
3
4
91
182
3,954
3,027
2,302
1,602
4.233
4.345
203
91
3,725
2,799
1,601
2,300
4.174
4.341
201
4,035
3,304
1,602
2,301
4.124
4.255
199
3,436
3,193
2,301
1,600
4.235
4.412
200
2.
16.
Nov.
15
14
Amount
of bids
accepted
Oct.
1972-Jan.
9.,
Oct.
' 1971-July
Oct.
Average rate
of bids
accepted 2/
(Percent)
Amount
of bids
tendered
‘ 8.,
12
Sept.
Number of
days to
maturity
Maturity
date
Issue
date
91
91
91
'
11
.
Feb.
May
10
11
182
18
.
Feb.
May
17
18
182
26.
Feb.
May
24
25
181
2.
Mar.
June
2
1
182
3,583
2,842
2,302
1,601
4.324
4.431
207
9.
Mar.
June
9
8
91
182
3,623
2.905
2.301
1,601
4.090
4.207
199
16.
Mar.
June
16
15
91
182
3,378
2,700
2.301
1,600
3.944
4.144
200
17.
May
Aug.
18
17
91
182
3,816
3,104
2,405
1,801
3.065
3.537
305
24.,
May
Aug.
25
24
91
182
3.906
3,788
2,401
1,803
3.143
3.513
303
Footnotes at end of table.
91
90
91
(Continued on following page)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^ (Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
1972-Mar.
July
Aug.
Number of
days to
maturity
Maturity
date
2.
1972-June
Aug.
1
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
31
91
182
$3,609
3,481
$2,401
1,796
3.447
3.762
$295
9.
June
Sept.
8
7
91
182
4,129
3,609
2,401
1,800
3.552
3.796
298
16.
June
Sept.
15
14
91
182
3,462
3,016
2,401
1,801
3.846
4.196
301
23.
June
Sept.
22
21
91
182
3,816
3,477
2,401
1,801
3.919
4.322
292
1.
Aug.
Nov.
31
30
91
182
3,670
2,975
2,302
1,801
3.761
4.107
-103
8.
Sept.
Dec.
7
7
91
182
3,662
3,351
2,301
1,800
3.863
4.243
-105
15.
Sept.
Dec.
14
14
91
182
3,627
3,205
2,301
1,802
3.796
4.187
-104
22.
Sept.
Dec.
21
21
91
182
3,594
3,322
2,301
1,802
3.926
4.328
-104
13.
Oct.
1973-.Jan.
12
11
91
182
3,524
3,040
2,301
1,803
4.103
4.605
201
20.
1972-0ct.
1973-Jan.
19
18
91
182
3,845
3,050
2,301
1,800
3.949
4.455
199
27.
1972-Oct.
1973-Jan.
26
25
91
182
3,723
3,707
2,301
1,800
4.046
4.585
198
3.
1972-Nov.
1973-Feb.
2
91
182
3,618
3,160
2,301
1,800
3*796
4.298
200
'1972-Nov.
1973-Feb.
1972-Dec.
1973-Mar.
9
8
7
91
182
91
182
3,742
3,071
3,658
3,683
2,299
1,801
2,423
1,801
3.928
4.431
4.567
4.937
10.
1
199
122
Sept.
7.
Nov.
2.
Feb.
May
1
3
91
182
4,036
3,864
2,401
1,901
4.766
5.141
200
9.
Feb.
May
8
10
91
182
3,886
3,876
2,401
1,901
4.670
4.958
203
16.
Feb.
May
15
17
91
182
3,926
3,907
2,402
1,901
4.774
5.070
202
24.
Feb.
May
22
24
90
181
3,671
3,807
2,401
1,900
4.775
5.050
199
30.
Mar.
May
1
31
91
182
4,261
3,510
2,400
1,902
4.885
5.179
199
15
14
22
21
91
182
4,470
3,252
2,402
1,902
5.100
5.309
200
91
182
2,405
1,906
5.089
5.298
208
29
28
91
182
3,701
3,624
3,702
3,546
2,404
1,903
5.111
5.312
208
5
5
12
12
91
182
3,639
3,249
3,752
3,582
2,402
1,901
5.164
5.397
204
2,403
1,902
91
182
2,401
1,902
91
182
3,512
3,675
3,962
3,953
5.154
5.413
5.277
5.541
14.
May
June
28.
Mar.
June
Mar.
June
4.
Apr.
July
11.
Apr.
July
18,
Apr.
July
25.
Apr.
July
19
19
26
26
17,
Aug.
Nov.
16
15
91
182
3,7*89
3,552
2,501
1,693
5.634
5.759
6.180
6.457
24
Aug.
Nov.
23
23
91
183
2,501
1,701
6.453
6.747
-99
31
Aug.
Nov.
30
29
91
182
3,454
3,263
3,452
3,564
2,502
1,702
6.693
6.864
-100
21.
1973-Jan.
lifer.
Footnotes at end of table.
91
182
(Continued on following page)
2,400
1,901
201
223
200
-111
July 1973
37
.PUBLIC DEBT OPERATION S,
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^ - (Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
1''73- Tuns
Number of
days to
maturity
Maturi ty
da fce
14
1973-Sept.
Dec.
21
28
91
132
Sept.
Dec.
13
13
20
20
91
182
Sept.
Dec.
27
27
91
182
Source: See Table PDO-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
$3,580
3,214
4,165
3,774
4,022
3,776
Amount
of bids
accepted
Average •ate
of bids
accepted 2j
(Percent)
New moaey
increase, or
decrease (-)
$2,502
1.701
2,501
1.701
7.127
7,172
$-99
7.265
7,255
-104
2,503
1.701
7,229
7.299
-101
and April 6, 1971 ($2,206 million).
2/ Equivalent average rate on bank discount basis.
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS.
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip
tion books
closed or
tenders re
ceived
7/2/70
7/16/70
Issue
date
7/8/70
6.452$
7/23/70
6.504$
6.467$
6.380$
7/23/70
4/30/70
7/31/70
8/5/70
8/15/70
8/15/70
8/5/70
8/25/70
Description of securities 1/
7-3/4$
7-3/4$
7-1/2$
Bill
Bill
2/15/74-C
8/15/77-B
273d
365d
1,221
2,036
6/30/70
9/30/70
6.237$
6/30/71 - Reopening
9/30/71
273d
365d
1,170
1,721
- 1 0 /1 /7 5 -E0
6/22/71
244d
5,593
Bill
10/29/70
r11/15/70
11/15/70
7-1/4$
7-1/2$
Note
Note
7/31/70
10/31/70
k11/16/70
6.153$
6.072$
r 8/31/70
1 11/30/70
-
5/15/74-D
8/15/76-C
Bill
Bill
-
7/31/71
10/31/71
6-3 /4 $
Note
-
5/15/72-D
5.184$
5.010$
Bill
Bill
-
8/31/71
11/30/71
4.695$
Bill
9/30/70
12/31/70
4.949$
4.8
Bill
Bill
-
2/15/71
2/15/71
*10/31/70
1/31/71
5-7/8$
6-1/4$
Note
Note
-
4.269$
4.249$
3.281$
Bill
Bill
Bill
-
3.691$
3.675$
3.671$
Bill
Bill
Bill
-
f 12/31/70
t 3/31/71
3.507$
3.587$
3.811$
Bill
Bill
Bill
-
JJote
Bill
Bill
Note
Note
-
11/25/70
1/27/71
1/26/71
2/18/71
2/23/71
3/24/71
3/25/71
3/31/71
( 11/30/70
2/28/71
7/23/70
2/
4/1/71
1-1/2$
4/27/71
1/31/71
4/30/71
4.403$
4.422$
5/5 /7 1
5/15/71
5/15/71
5$
5-3/4$
4.099$
5/19/71
5/26/71
6/22/71
6/24/71
6/30/71
7/28/71
2/28/71
5/31/71
4.790$
6/29/71
3/31/71
6/30/71
6$
5.425$
5.567$
7/6/71
8/15/71
8/15/71
4/30/71
7/31/71
4.<
Bill
Bill
Bill
Note
3y
5y
Reopening
ly
"Strip" of 7 14/
series
(Average)
9/3 0/71 - Reopening
12/31/71
8/15/75-C
2 /1 5 /7 8 -A
4y
7^
2,037
1,323
1,854
501
1,200
57d
3,560
2,105
273d
365d
1,404
501
1,201
4,065
274d
1,442
2,194
5,095
501
1,201
1,491
2,177
5,080
500
1.200
275d
366d
1 /3 1 /7 2
4/3 0/72
(Average)
• "Strip" of *5 12/
series
276d
366d
. 11/15/72-F
5.033$
7$
7$
Bill
Note
Bond
9/2 1/71 - Tax ant. £/
Bill
Bill
6/
500
1,201
4,028
275d
366d
1,302
2,285
500
1,200
77d
3,886
8/24/71
f 5/31/71
i 8/31/71
5.090$
5.125$
Bill
Bill
8/31/71
9/8/71
r 6/30/71
9/30/71
6-1/4$
5.242$
5.279$
2/
10/1/71
10/1/76-E 0
5y
10/15/7!
10/22/71
1-1/2$
5-7/8$
Note
Bill
Bill
Note
■11/15/76-D
9/22/71
Note
• 2/15/75-E
3y
10/26/71
7/31/71
10/31/71
4.496$
4.490$
Bill
Bill
7/3 1/72
10/31/72
1 1 /3 /7 1
11/15/71
11/15/71
6$
6-1/8$
Note
Bond
11/15/78-B
11 /15/8 6
ly
6m
v.
1,583
2,300
274d
366d
1,544
2,262
274d
366d
1,370
3,407
2,220
195
501
1,202
273d
366d
7y
15y
(Continued on following page)
3,115*\
612J as/
8,207
1,192
100
22/
1,283
500
1,201
24/
ii
25]
2,045
500
1,200
1,524
2,385
24 a i /
20/
2,514
500
1,200
11
4,61^
3-3/4m
100
1,752
3,115
612
4,136
2£m
6 /3 0/72 - Reopening
9/3 0/72
Reopening
2,152
195 2 1 /
5/3 1/72 - Reopening
8/3 1/72
5y
3,231
3m
272d
366d
8/16/71
6/
3,452
1,682
2,347
4/3 0 /7 2 - Reopening
7/3 1/72
■ 2/15/73-C
2,223
273d
366d
4y
lOy
18 /
27
500
1,200
1,449
1,608
4im
100
2,206
3,093
ly
3/3 1/72 - Reopening
6/3 0/72
15/
2,001
ly
3m
3y
6m
(Average) 54.5d
2/2 9/72 - Reopening
5/3 1/72
100
500
1.199
1,204
27
5y
Reopening
■ 8 /1 5 /7 2 -E
. 11/15/74-A - Reopening V
• 11 /15/7 5-D
8/1 5/81
128d
11/
12/
7,679
8,389
3/3 1/72
4/1/76-E A
2,952
(Average)107.5d
8/5/71
Footnotes at end of table.
5,254
274d
365d
23d
Bill
Bill
Note
501
1,201
4/2 2/71
"Strip" of 11 12/
series
4,5051
2,511 12/
1,222
2,006
366d
100
30
1,285
1,810
11/30/71 - Reopening
2/2 9/72
3,1391
2,264J>2/
190 10/
2,515
272d
365d
Reopening
Tax ant. 5/
12/31/71 - Reopening
-
3,190
501
1,204
501
1,202
271d
365d
6m
10/31/71 - Reopening
1/3 1 /7 2
"Strip" of 6 1 6 /
series
500
1,202
4,505
2,511
6m
Reopening
u
Allot
ment
ratio
2,261
30
6m
9m
In exchange
(In millions of dollars)
2,516
18,819 8 /
5y
5.944$
5.953$
6-1/2$
7/27/71
6m
Tax ant. %/
Reopening 6/
For
cash
3,139
Reopening
6.216$
Exchange
Amount issued 2J
2,264
5/31/71
8/31/71
5.970$
12/23/70
6m
2/15/72-C
1-1/2$
11/24/70
3y
7y
ly
v
v
4,741
4,755
1,597
2,489
Bill
Bill
10/1/70
11/5/70
273d
365d
Cash
Note
10/21/70
10/27/70
273d
Amount of sub
scriptions tendered
6.510$
8/17/70
f 5/31/70
8/31/70
10/15/70
2/'
257d
3/22/71 - Tax ant. 5/
4/22/71 - Tax ant. 5/
4/30/71 - Reopening
7/31/71
Bill
Bill
Note
Note
Bill
Bill
Note
9/24/70
Period to final
maturity
(years, months,
days) 2/
24
8,207*1
1,192J ££/
100
July 1973
39
PHM.1C DEBT OPKRATTONfi
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
renuu
final
ilia.OUJLO.UJ
(years, months,
days) 2/
Amount of sub
scriptions tendered
Cash
Exchange
Amount issued 2/
For
cash
1In millions of dollars)
2,768
1,1)00 22/
500
1,201
11 /9/71
11/15/71
4-7/8$
Note
11/23/71
f 8/31/71
t 11/30/71
Bill
Bill
_
11/24/71
12 /1/71
4.580$
4.563$
4.558$
Bill
-
4/21/72 - Tax ant. 1/
142d
4,041
1,528
2,099
4,778
12 /8/71
12/13/71
Bill
-
4,383
114d
3,589
112/13/71
4.056$
Bill
-
6/21/72 - Tax ant. 5/
4/21/72 - Reopening
Tax ant. 5/
6/21/72 - Reopening
Tax ant. 1/
191d
r 12/ 1/71
4.273$
3.846$
175d
2,737
-
1,016
12/28/71
f 9/3 0/71
^ 12/3 1/7 1
3.930$
3.927$
Bill
Bill
*
274d
366d
1,488
2,290
_
501
1,200
1/2 5 /7 2
10/31/71
1 /3 1/72
3.891$
3.936$
Bill
Bill
-
274d
366d
1,506
2,204
_
500
1,200
2 /2 /7 2
' 2/1 5/72
2/1 5/72
5-3/4$
6-3/8$
Note
Bond
2,802
2,131
66
2/2 2/72
11/30/71
2/2 9/72
3.862$
4.091$
3.405$
Bill
Bill
Bill
12/22/71
3 /1 /7 2
-
Bill
*
-
3/2 4/72
T i2/ 31/71
^ 3/3 1/72
4.512$
4.661$
Bill
Bill
-
3/2 8/72
4 /3 /7 2
5-7/8$
Note
4 /1 /7 2
1-1/2$
4 /2 5/72
f 1/3 1/72
t 4/3 0/72
5 /2 /7 2
2/15/73-D
iy
8/31/72 - Reopening
11/30/72
9/30/72 - Reopening
12/31/72
10/31/72 - Reopening
1/31/73
2/15/76-E
2/15/82
11/30/72 - Reopening
2/28/73
"Strip" of 15 20/
series
275d
366d
4y
10y
-
3y
Note
-
4/1/77-EA
5y
4.234$
4.362$
Bill
Bill
-
/ 5/1 5/72
t 2/1 5/72
4-3/4$
6-3/8$
Note
Bond
-
1/31/73 - Reopening
4/30/73
5/15/73-E
2/15/82 - Reopening
5/23/72
/
{
2/2 9/72
5/31/72
4.367$
4.465$
Bill
Bill
_
6/2 3/72
j 3/3 1/72
\ 6/3 0/72
4.754$
4.853$
Bill
Bill
*
7 /2 5/72
r 4/3 0/72
< 7/3 1/72
4.731$
4.918$
Bill
Bill
-
8 /2 /7 2
f 8/15/72
( 8/1 5/72
V.8/15/72
5-7/8$
6-1/4$
6-3/8$
Note
Note
Bond
-
8/2 4 /7 2
T 5/31/72
\ 8 /3 1/72
5.040$
5.178$
Bill
Bill
-
9/2 6 /7 2
/ 6/3 0/72
t 9/3 0 /7 2
Bill
Bill
-
3 /27/73
4 /2 4 /7 3
3/3 1/73
4 /1 /7 3
4 /3 0 /7 3
6.615$
1-1/2$
6.598$
5 /1 /7 3
5 /2 /7 3
5/2 4/73
6/2 6/73
5/1 5/73
5/1 5/73
5 /31/73
6/3 0/73
6-7/8$
7$
6.818$
7.235$
Bill
Note
Bill
Note
Bond
Bill
Bill
Footnotes on following page.
-
-
501
1,201
_
3,845
-
1,776
1,468
2,455
5
*
500
1,200
3,377
1,306
2,514
-
5
2/15/76-F
8/15/79-A
8/15/84
3y
7y
I2y
5/31/73 - Reopening
8/28/73
6/30/73 - Reopening
9/25/73
10/1/77-E0
12/18/73
2/15/93
1/15/74
8/15/76-G
ll/15/79-B
2/12/74
3/12/74
4/1/78-EA
4/9/74
5/15/80-A
5/15/93-98
5/7/74
6/4/74
4,945
4,559
41 21/ ' 2,312
273d
362d
271d
360d
5y
iy
- Reopening
- Reopening
- Tax ant. 5/
6m
1,279
505
501
1,200
2,514 22/
ll-l/2m
273d
357d
4y
147d
355d
199d
- Tax ant. 5/
2y
352d
20y
lm
3y
6y
6m
9m
5y
349d
1,889
4,914
1,547
4,145
_
-
17
4,855
1,811
3,333
7,162
6,367
3,801
5,079
5,690
3,177
1,749
3,072
-
349d
1,664
3,255
346d
3,011
-
3,883
595
3,353
341d
339d
3,214p
l,240p
3,937
3,195
2,060
501
1,802
3,041
2,012
1,802
2,509
2,102
1,800
627
1,804
1,009
1,801
12/
2A/
-
4,94^
4,559) 21/
2,31J
100
_
17
-
26/
2L/
28/
22/
3,883 40/
595 41/
100
42/
1,790
15
344d ^
7y
25y
-
41
501
1,804
500
1,801
31/
-
-
7/31/73
10/23/73
ll/15/76-D
4/20/73
11/20/73
6/22/73
12/31/74-F
-
_
500
1,201
-
1 /1 0/73
1 /3 1 /7 3
2 /1 5 /7 3
2 /1 5 /7 3
2 /2 8 /7 3
1,534
2,320
-
r 7/31/72
Bill
Bond
Bill
Note
Note
Bill
275d
365d
1,526
2,850
9/30/74-E
5.337$
6-3/4$
5.986$
6-1/2$
6-5/8$
6.050$
*
273d
365d
-
12/31/72
3,065
4/30/73 - Reopening
7/31/73
-
12/26/72
1 /4 /7 3
1 /2 6/73
2 /7 /7 3
2 /7 /7 3
2/22/73
“
-
Note
-
500
1,200
501
1,201
Note
6-1/4$
4.721$
5.225$
5.089$
5-7/8$
100
-
6$
11/15/72
11/24/72
11/30/72
1 2 /5/72
12/28/72
_
1,282
1,961
10 /1 /7 2
t o / 31/72
-
_
9m
28/
1,526
274d
365d
10/19/72
11 /1/72
11/17/72
11/22/72
11/29/72
12/20/72
2,010
1,615
2,150
2/
Bill
Bill
Note
Bill*
Bill
Bill
Note
-
-
1,526
1,915
6,430
275d
365d
ly
9y
2,506
275d
365d
73d
l-l/2m
Allot
ment
ratio
_
-
273d
365d
10/11/72
5.223$
5.318$
66 ^
1,500 2Z/
2/28/73 - Reopening
5/31/73
3/31/73 - Reopening
6/30/73
5.346$
5.529$
1-1/2$
10/24/72
3m
(Average)
12/31/72 - Reopening
3/31/73
5/15/75-F
1/
3m
In exchange
u
5,221
40
-
1,802
2,043p
652p
1,800
1,801
15
5,22l\
q
-
44/
45/
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4.
Source:
Bureau of Public Debt.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PD0-2.
2/ From date of additional issue in case of a reopening.
2 / In reopenings the amount issued is in addition to the amnunt of
original offering.
For securities exchanged for the new issues see Table PD0-7.
j>/ Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Price at which issued appears in Table PD0-5.
2 / 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, 1973.
8/ Payment for subscriptions allotted could be made in cash or in
Treasury bonds or notes maturing on the issue date of the new security.
2 / Includes $151 million of the 2/15/74-C notes and $4.79 million of the
8/15/77-B notes allotted to Federal Reserve banks and Government
accounts.
10/ This is amount of bonds and notes maturing August 15, 1970 exchanged
by Federal Reserve banks and Government accounts.
11/ 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 .
12/ Includes $84-2 million of the 7-1/4$ notes and $811 million of the
7-l/2% notes allotted to Federal Reserve banks and Government accounts.
13/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.93 (yield 6.09$) down to 100.69 (yield 6.26%).
1U 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.
15/ 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.
16/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of series maturing May 27, June 3, 10, 17, and 24 , and July 1,
1971.
17/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from July 8 through September 16,
1971*
18/ Included $1,457 million of the 5$ notes and $1,046 million of the
5-3/4$ notes allotted to Federal Reserve banks and Government accounts.
19/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from June 24 through August 12, 1971.
20/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.38 (yield 5.71$) down to 99.93 (yield 6.05$)
with the average at 100.00 (yield 6 .00$).
21/ C‘
ash subscriptions were accepted only from individuals in amounts of
$10,000 or less.
22/ Includes $592 million of the notes and $351 million of the bonds
allotted to Federal Reserve banks and Government accounts.
23/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.08 (yield 6 .44$) down to 99.87 (yield 6.59$)
with the average at 99.94 (yield 6.54$).
2y Sold at auction through competitive and noncompetitive bidding. Prices
25/
26/
27/
28/
29/
30/
31/
32/
33/
3U
25/
36/
37/
38/
39/
40/
11/
jg/
13 /
4.4/
IS/
p
accepted ranged from 101.44 (yield 5.92$) down to 101.00 (yield 6 .02#)
with the average at 101.14 (yield 5 .98$).
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.25 (yield 5.46$) down to 100.80
(yield 5.61$) with the average at 100.89 (yield 5.58$).
Includes $2,925 million of the notes and $673 million of the bonds
allotted to Federal Reserve banks and Government accounts.
Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1971.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 4.79$) down to 99.90
(yield 4 .96$) with the average at 99.96 (yield 4.91$).
Includes $421 million of the notes and $554 million of the bonds
allotted to Federal Reserve banks and Government accounts.
Sale of a "strip" of Treasury bills consisting of an additional $204
million of each weekly series maturing from March 30 through July 6,1972.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.50 (yield 5.69$) down to 100.20
(yield 5.80$) with the average at 100.26 (yield 5.78$).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1972.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.50 (yield 4.23$) down to 100.27
(yield 4.47$) with the average at 100.30 (yield 4 .44$).
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.06 (yield 6.23$) down to 100.37 (yield
6 .32$) with the average at 100.60 (yield 6.29$).
Includes $1,028 million of the 5-7/8$ notes, $1,437 million of the
6-1/4$ notes and $1,180 million of the bonds allotted to Federal Reserve
banks and Government accounts.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.41 (yield 5.77$) down to 100.20 (yield
5.89$) with the average at 100.25 (yield 5.86$).
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.31 (yield 6.16$) down to 100.14 (yield
6 .21$) with the average at 100.18 (yield 6 .20$).
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.29 (yield 5.72$) down to 100.05 (yield
5.85$) with the average at 100.09 (yield 5.83$
Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 99.50 (yield 6.79$).
Includes $1,392 million allotted to Federal Reserve banks and
Government Accounts.
issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1973.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.88 (yield 6.65$) down to 99.21 (yield
6.77$) with the average at 99.40 (yield 6.74$).
issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1973.
Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 6 .86$) down to 99.05 (yield
7.05$) with the average at 99.29 (yield 7.01$).
Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 98.75 (yield 7.11$).
Preliminary.
July 1973
41
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
1973
7-3/4$
Note
Date of
financing
11/15/73-A 1/
Average price
per hundred
Effective
interest
rate
$99.40
99.40
7.93$
7.93
5-5/8$
6-3/8$
Note Note -
5/15/70-B
5/15/70-C
732
1,329
2,062
100.25
100.25
4.22
4.22
4-5/8$
3-7/8#
Note
Note
5/15/65-A
5/15/65-C
5,414
4,442
428
99.62
99.62
99.62
5.71
5.71
5.71
2/
4-1/4#
> 3/4#
Note
Bond
8/15/68-C
8/15/68
100.25
99.00
2/
99.60
99.60
5.86
3.97
5.81
5.81
Bond No$e Note -
5/15/71-A
5/15/71-E
100.09
5.83
2/
507
1,107
929
433
2,977
99.40
99.15
99.85
99.85
5.73
5.73
5.73
5.72
4- 1/ 4#
3- 3/ 4#
5- 1/ 4#
Amount issued
(In millions)
$3,497
1,186
5/15/70
Eligible securities exchanged
4,683
1974.
4-1/4$
Bond
5/15/74
5/15/65
5-5/8$
Note
8/15/74-B
8/15/68
6$
3-7/8$
Note
Bond
9/30/74-E
11/15/74 1/
10/19/72
11/15/61
5-3/4$
Note
11/15/74-A 1/
5/15/71
5-7/8$
Note
12/31/74-F
12/28/72
Notfe
2/15/75-A
2/15/68
1975
5-3/4$
{
10,284
2,060
517
1,860
1,371
3,231
2,102
{
2-1/2#
5- 1/ 4#
> 7/8#
11/15/61
Note
Bond
Note
Bond
8/15/68-C
8/15/68
11/15/68-D
11/15/68
Note
Bond
8/15/71-F
8/15/71
5-7/8$
5-7/8$
Note
Note
2/15/75-E
5/15/7 5-F
10/22/71
4/3/72
2,045
1,776
100.89
100.26
5.58
5.78
2/
7$
Note
11/15/7 5-D
8/15/71
1,407
1,708
99.80
99.80
7.06
7.06
4#
99.75
99.75
6.29
6.29
5-5/8#
Note
Bond
2/15/69-A
2/15/69
8/15/72
99.75
99.75
99.75
99.75
99.75
5.97
5.97
5.97
5.97
5.97
5#
4#
2-1/2#
6#
2-1/2#
Note
Bond
Bond
Note
Bond
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
L10/1/69
99.50
99.50
99.50
7.61
7.61
7.61
1-1/2#
4#
2-1/2#
Note
Bond
Bond
10/l/69-E0
10/1/69
12/15/64-69
Note
-
11/15/70-A
Note
Note
-
2/15/73-C
2/15/73-C
2/
8—l/4#
3,115
1976
6-1/4$
Note
2/15/76-A
2/15/69
3,037
702
3,739
5-7/8$
7-1/2$
Note
Note
2/15/76-F
S/15/76-C
6-1/2$
Note
8/15/76-G
6-1/4$
Note
11/15/76-D
f
11/15/70
1,683
2,511
100.50
7.48
2/15/73
1,424
2,459
99.40
99.40
6^60
5#
6-1/2#
4-7/8#
9/8/71
11/15/72
3,883
1,283
3,041
101.14
100.18
5.98
6.20
2/
8/15/70
752
1,512
99.75
99.75
7.80
7.80
6-3/8#
4#
Note
Bond
8/15/70-D
8/15/70
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8#
7-3/4#
4-3/4#
6-3/4#
5#
3-7/8#
4#
Note
Note
Note
Note
Note
Bond
Bond
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/l5/7fWE
11/15/71
8/15/72
99.40
99.40
6.73
6.73
4-7/8#
2/
Note
2/15/73-D
1977
7-3/4$
Note
8/15/77-B
2/
2,264
1978
6$
6.60
Note
11/15/78-B
11/15/71
8,207
1979
6-5/8$
Note
ll/l5/79-B
2/15/73
595
1,009
1,604
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
_ _ _ _ _ _ _ _ _
PUBLIC DEBT OPERATIONS
Table PDO-5, - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations - (Continued)
Description of securities
1980
Bond
4$
2/15/80 1/
Date of
financing
Amount issued
(I ' millions)
/ 1/23/59
\ 12/15/62
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
$99.00
99.50
99.50
4.07$
4.04
4.04
2/
Series F & g savings bonds
2/
99.29
99.29
99.25
7.00
7.00
7.00
7-3/4$
4-3/4$
Note
Note
202
411
195
807
99.20
99.20
99.20
7.11
7.11
7.11
8-1/4$
4$
2/
Note
Bond
8/15/71-F
8/15/71
505
100.60
6.34
2/
15
252
221
133
164
535
265
457
268
41
2,353
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5$
4$
2-1/2$
6%
2-1/2%
5-3/4$
3-7/8%
5-3/4$
5-7/
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
8/15/72-E
8/15/72
9/15/67-72
11/L5/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
1,135
100.50
3.22
2/
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8$
7-3/4$
4-3/4$
6-3/4$
5$
3-7/8%
4%
2/
Note
Note
Note
Note
Note
Bond
Bond
ll/15/71-B
11/15/71-G
101.00
101.00
101.00
4.19
4.19
4.19
3-1/4%
2/
Note
Note
8/15/62-B
8/15/62-G
Note
5/15/73-A
34
34
6-7/8$
Note
5/15/80-A
2,636p
2,585p
2,043p
5/15/73
2/
5/15/73-A
5A5/73-E
7,265p
1981
7$
Bond
8/15/81
8/15/71
{
1982
6-3/8$
1984
Bond
6-3/8$
Bond
8/15/84
8/15/72
Bond
5/15/85
6/3/58
2m
,
3-1/4$
2/15/82 1/
5/15/72
1986
6-1/8%
Bond
11/15/86
11/15/71
4-1/4$
Bond
8/15/87-92 1/
8/15/62
487
187
58
36
268
58
24
1,216
{
5
360
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
365
1988
4$
1989
4-1/8%
Bond
2/15/88-93
1/17/63
252
99.85
4.01
2/
Bond
5/15/89-94
4/18/63
300
100.55
4.09
2/
6-3/4$
Bond
2/15/93
1/10/73
627'
99.50
6.79
2/
7$
Bond
5/15/93-98
5/15/73
40p
652p
98.75
98.75
7.11
7.11
7-3/4$
2/
_1222-
1/ Additional issue.
2/ Issued for cash.
*
p
Less than $500,000,
Preliminary.
July 1973
43
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Treasury Bills 1/
(In millions of dollars)______________________________________________________
Issues
Al l o t m e n t s b y investor classes
Amount issued
Date of
financ
ing
8/15/69
10/1/69
Description of securities
For
cash
7-3/4$
(8$
<7-3/4$
17-1/2$
Note Note
Note _
Note -
2/15/71-D
5/15/71-E
5/15/73-A
8/15/76-C
_
8/15/71-F
8/15/73-B
2/15/77-A
2/15/70
(8-1/4$ Note
<8-1/8$ Note \8$
Note -
5/15/70
(7-3/4$ Note _ 11/15/71-G
5/15/73-A 8/
<7-3/4$ Note 2/15/77-A 8/
18$
Note -
_
rt/ic /nr\
0/15/
/U /7-3/4$ Note
17-3/4$ Note -
2/15/74-C
8/15/77-B
-
_
-
-
In
exchange
for
other
securi
ties
2,924
4,176
1,160
1,683
U.S. Gov
ernment
accounts
and
Federal
Reserve
Banks 2/
Commer Indi
cial
vidu
banks
als
2/
U
Insur
ance
compa
nies
Mutual
sav
ings
banks
Private
Corpo pension
rations and re
tirement
5/
funds
125
564
125
564
1,438
2,111
660
476
301
217
87
96
38
65
23
29
52
42
8
8
62
254
12
3i
31
15
4
8
State and local
governments 6/
Pension
and re Other
tire
funds
ment
funds
6
150
276
11
37
3
11
24
Dealers
and
brokers
All
other
2/
537
240
136
380
184
381
65
56
_
-
2,257
1,839
1,856
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
3,679
-
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
-
3,139
2,264
150
479
1,929
967
166
74
38
29
38
22
62
35
6
20
2
6
167
47
335
513
248
72
110
193
22
269
343
392
325
205
77
_
8/17/70
7-1/2$ Note _
/7-l/4$
Note 11
/i
c
/nc\
11/1?/(U i7-1/2$ Note
-
2/15/72-C
5/15/74-D 8/
8/15/76-C ^
3,190
_
-
190
4,505
2,511
190
838
811
1,664
2,481
1,033
656
292
94
13
44
24
43
37
10
78
61
40
18
13
7
3
4
2
11/16/70
5/15/72-D
2,037
-
-
1,593
119
2
4
11
3
*
4
198
104
260
496
714
631
334
424
6-3/4$ Note -
8/15/75-C
2/15/78-A
2/15/71
6-7/8$ Note
16-1/4$ Note -
5/15/71
8/15/72-E
/5$
Note _
{5-3/4$ Note - 11/15/74-A 8/
6/29/71
8/15/71
8/16/71
9/8/71
10/22/71
6$
(%
17$
Note - 11/15/72-F
Note _ 11/15/75-D
8/15/81
Bond -
6-1/2$ Note -
2/ 1 5/73-C
3,586
3,122
235
431
77
116
34
90
91
98
22
133
3,452
3,231
1,457
1,046
1,351
1,257
138
-
246
22
36
13
26
30
38
13
26
3
4
93
93
177
263
135
196
2,285
_
195
-
592
351
2,071
1,542
112
19
130
210
2
59
8
3
35
9
8
37
8
2
9
2
*
3,115
613
3
2
2
94
6
68
405
76
111
209
24
2,514
-
-
2,036
57
2
5
36
2
*
52
272
52
*
1,283
2,045
(4-7/8$ Note
11/15/73-D
<6$
Note - 11/15/78-B
|6-l/8$ Bond 11/15/86
5/15/76-E
2/15/82
5-7/8$ Note -
5/15/72
<4-3/4$ Note
\6-3/8$ Bond
8/15/72
p-7/8$ Note
<6-1/4$ Note
(6-3/8$ Bond
10/19/72
2,319
2,722
2/15/75-E
5-7/8$ Note -
_
a /n c /r»o /5-3/4$ Note
2/15/72
16-3/8$ Bond 4/3/72
7,679
8,389
6-1/4$ Note - 11/15/76-D
_
11/15/71
-
8
123
6$
No^e
-
2,768
_
24
_
66
-
-
1,046
15
2
1
5
1
21
125
67
-
-
1,833
9
1
1
35
1
1
14
46
104
53
235
3
992
1,150
185
84
311
13
85
46
558
296
117
121
1,500
8,207
1,192
1,500
2,915
673
1,566
3,197
296
15
240
31
1
47
6
4
33
1
52
51
4
1
19
2
_
9
2
2,802
2,131
420
554
1,446
777
85
221
23
79
26
29
36
27
5
21
1
26
5/15/75-F
1,776
-
-
1,605
15
1
1
1
1
70
1,279
505
2,514
-
2, 514
-
1,231
353
6
15
*
•*
4
*
*
24
5/15/73-E
2/15/82 8/
4
1
*
*
*
*
2
1
10
125
54
26
10
4,945
4,559
2,312
1,028
1,437
1,180
2,557
1,606
512
166
82
84
68
89
28
33
44
7
202
43
23
3
24
31
2
6
7
79
100
33
703
275
405
186
769
45
-
1,990
9
1
1
3
■
*
*
•*
-
2/15/76-F
8/15/79-A
8/15/84
41
-
9/30/74-E
2,060
15
41
3,041
-
105
2,230
24
2
3
31
2
*
2
440
202
2,102
-
-
2,062
6
*
3
1
*
-
-
1
29
627
-
-
291
40r
29
6
42
2
*
1
214r
2
3,883
595
1,392
595
1,878r
556
71r
23
16
*
5
*
59
1
17
*
*
*
68
21
273
296
104r
5,221
40
5,275
l,320r
111
3
1
1
8
400
14
49
39
26r
102
2
*
11
346
71r
30
_
_
11/15/72
6-1/4$ Note
- 11/15/76-D 8/
12/28/72
5-7/8$ Note
- 12/31/74-F
1/10/73
6-3/4$ Bond
- 2/15/93
o A12/
c M'x
O
f6-1/2%, Note
\6-5/8$ Note
_
8/15/76-G
- 11/15/79-B
5/15/73
16-7/8$ Note
\?$
Bond
-
5/15/80-A
- 5/15/93-98
_
_
1,009
2,043
652
140
Source;
Based on subscription and allotment reports. For detail Of
offerings see Table PDO-4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of non
marketable 2-3/4$ Treasury bonds, Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Includes trust companies and stock savings banks.
y
Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
6/
6r
1
112
Consists of trust, sinking,and investment funds of State and local
governments and their agencies.
7/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
*
Less than 3500,000.
r
Revised.
Treasury Bulletin
________________________________ 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 i£;sued
Date of
maturity
Date of
finane ing
Average
rate
One-year
series
9-month
series
1/
Commer
cial
banks
Corpo
rations
y
-
1,733
1,722
500
150
367
500
180
348
171
349
190
427
i
3
1
12
12
7
500
75
350
139
322
1
8
Tax antic
ipation
series
(Percent)
7/12/69
r 12/22/69
3/23/70
6.775
7.202
7/31/69
> 4/30/70
7/31/70
8/31/69
* 5/31/70
8/31/70
7.407
7.313
7.387
7.340
1,201
9/30/69
6/30/70
9/30/70
7.357
7.350
1,005
10/14/69
10/29/69
4/22/70
6/22/70
7.284
7.204
10/31/69
7/31/70
10/31/70
7.244
7.127
11/26/69
> 4/22/70
6/22/70
7.014
7.975
11/30/69
k 8/31/70
11/30/70
12/31/69
* 9/30/70
12/31/70
7.777
7.591
7.801
7.561
1/31/70
* 10/31/70
1/31/71
2/28/70
“11/30/70
2/28/71
7.724
7.533
6.995
6.932
3/31/70
4/22/70
9/22/70
> 12/31/70
3/31/71
6.549
6.177
6.101
6.132
1,201
•4/30/70
1/31/71
4/30/71
6.843
6.814
1,200
5/31/70
2/28/71
5/31/71
6/30/70
3/31/71
6/30/71
7.353
7.277
7.068
7.079
7/8/70
7/23/70
3/22/71
4/22/71
6.452
6.504
7/31/70
4/30/71
7/31/71
8/31/70
5/31/71
8/31/71
6.467
6,380
6.510
6.396
9/30/70
* 6/30/71
9/30/71
6.237
6.216
3/3/70
3/26/70
1/31/71
6/22/71
7/31/71
10/31/71
8/31/71
11/30/71
9/30/71
12/31/71
”10/31/71
1/31/72
2/28/71
* 11/30/71
2/29/72
10/21/70
10/31/70
11/30/70
12/31/70
1,763
1,752
1,202
2,007
3,004
500
1,007 5/
1,504 5/
1,001
1,002
1,200
500
500
1,201
1,201
500
125
315
141
179
501
125
333
145
324
170
447
156
414
100
383
4.949
4.886
1,201
4.269
4.249
1,199
3.691
3.675
1,201
501
501
500
3.671
3/31/71
3.507
3.587
1,200
4/30/71
1/31/72
4/30/72
4.403
4.422
1,200
5/31/71
2/29/72
5/31/72
4.688
4.790
1,201
5.425
5.567
1,200
501
205
427
2,001 5/
-
13
102
5
7
_
32
178
8
9
194
438
47
146
170
398
29
161
58
138
6
19
164
546
170
396
2,483
2,256
-
-
33
5
49
59
160
216
20
17
11
15
252
41
159
454
9
638
15
105
224
250
5
22
153
446
19
101
2,510
167
304
160
339
211
211
1
17
10
38
11
12
* 152
358
188
419
119
560
133
246
11
26
119
393
137
310
798
10
21
123
385
1,180
6
34
*
7
8
11
162
414
10
360
173
-38
226
435
51
21
5
21
124
229
51
153
500
200
498
500
252
562
500
200
484
127
209
65
233
15
250
500
125
473
195
324
(Continued on following page)
201
450
25
180
176
303
-
3
33
184
266
201
600
125
336
162
409
125
317
150
373
200
377
-
16
14
11
2
500
2,515
19
135
23
118
1
21
*
2
12
22
501
97
309
266
190
194
318
133
317
5.970
10
83
21
110
47
123
126
279
501
168
391
254
336
500
500
29
27
*•
27
10
2
-
501
5.084
5.010
77
215
All
other 4/
*
X
_
1,745
1,749
1,204
6.153
6.072
157
305
**
11
_
2,517
2,261
1,202
1,002
1,497
61
228
Jjealers
and
brokers
—
106
151
1,201
1,202
2,004
2,971
161
128
150
269
1,753 5/
1,758
1,200
139
287
116
259
200
328
502
4/22/71
Footnotes at end of table.
501
1,003
12/31/71
3/31/72
V
_
125
312
1,003
3/30/71
6/30/71
Allotments by investor classes
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
-
11
-
55
129
5
19
113
18
88
10
45
37
157
26
58
12
5
45
July 1973
45
.PUBLIC DEBT OPERATION S.
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
One-year
series
9-month
series
1/
Allotments by investor classes
Tax antic
ipation
series
(Percent)
7/6/71
9/21/71
5.033
7/31/71
4/30/72
7/31/72
8/31/71
5/31/72
8/31/72
9/31/71
6/30/72
9/30/72
10/31/71
7/31/72
10/31/72
5.944
5.953
5.090
5.125
5.242
5.279
4.496
4.490
11/30/71
8/31/72
^ 11/30/72
12/1/71
12/13/71
4/21/72
6/21/72
12/29/71
4/21/72
6/21/72
4.580
4.563
4.558
4.273
3.846
4.056
12/31/71
9/30/72
12/31/72
3.930
3.927
1/31/72
' 10/31/72
^ 1/31/73
* 11/30/72
2/28/73
k 12/31/72
^ 3/31/73
3.891
3.936
3.862
4.091
4.512
4.661
4/30/72
* 1/31/73
4/30/73
4.234
4.362
1,200
5/31/72
2/28/73
5/31/73
4.367
4.466
1,200
6/30/72
3/31/73
6/30/73
4.754
4.853
1,201
7/31/72
4/30/73
^ 7/31/73
4.723
4.918
1,201
8/31/72
5/31/73
8/28/73
5.040
5.178
1.803
9/30/72
6/30/73
9/25/73
5.346
5.529
1,801
2/29/72
3/31/72
1,752
1,202
1,200
1,201
1,200
501
500
500
500
500
1,201
1,200
1,200
1,201
7/31/73
^10/23/73
4/20/73
11/20/73
6/22/73
12/18/73
Corpo
rations
2/
6
15
94
219
11
109
5
21
175
425
150
517
200
345
136
217
20
46
147
200
1
192
392
11
21
184
374
148
464
182
442
80
411
400
5
38
21
49
20
39
17
32
2
2,090
2,004
1,520
1,012
128
198
10
11
500
150
558
68
334
12
125
424
150
543
150
695
103
345
112
297
500
501
175
553
150
496
501
500
75
627
501
73
194
140
654
125
578
500
2,012
2,510
609
728
K
s/
16
6
6
4
150
468
501
All
other y
215
319
56
360
501
500
Dealers
and
brokers
1,748
1,526 5/
1,016 5/
1,200
Commer
cial
banks
175
540
250
407
2,506
2,010
5.223
501
5.318
1,802
11/24/72
4.721
11/30/72
1,802
5.225
12/5/72
5.089
12/31/72
5.337
1,800
1/31/73
5.986
1/15/74
1.804
2/28/73
2/12/74
6.050
1,801
3/31/73
6.616
1,790
3/12/74
4/30/73
6.598
1,802
4/9/74
6.818
1,800
5/7/74
5/31/73
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
10/31/72
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
5
10
15
16
109
482
216
244
123
384
135
232
104
41
66
52
144
37
151
271
50
342
10
185
270
149
412
6
11
126
241
89
113
116
24
91
25
70
41
107
199
76
953
109
594
186
504
1,932
164
2,505
308
10
12
173
337
135
26
165
608
135
408
187
47
116
140
160
632
30
86
73
499
8
455
585
177
222
138
207
420
412
83
210
75
4
2
1
518
747
4
313
745
382
533
3
760
332
17
474
715
1
135
531
500
6
627
255
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 $500,000.
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Called or maturing securities l/
Date of
refunding
or retire
ment
Description
Disposition offers
by Treasury
Issue
date
Amount
out
standing
Cash
Exchange
Ex
retire
security
changed
ment
offered
(fri millions of dollars)
12 ]
7.313$
7.244$
Bill
Bill
-
7/31/70
7/31/70
7/31/69
7/31/69
1,202
500
6-3/8$
Note
-
8/15/70
5/15/69
2,329
2,329
4$
Bond
-
8/15/70
6/20/63
4,129
4,129
7.340$
7.777$
6.177$
Bill
Bill
-
8/31/70
8/31/70
Bill
-
9/23/70
8/31/69
8/31/69
3/26/70
9/30/70
7.350$
7.801$
Bill
Bill
9/30/70
9/30/70
10/1/70
1-1/2$
10/31/70
7.127$
7.724$
Note
Bill
Bill
-
11/15/70
5$
Note
-
11/30/70
7.591$
6.995$
Bill
Bill
12/31/70
7.561$
6.101$
1/31/71
7/31/70
8/15/70
9/23/70
500 J
Turned
in for
cash 2/
1,272
752-
306
1,868*
1,512
749
5,404
7,675
7,016
660
2,509
2,509
1,070
1,086
353
8/15/69
2,924
2,924
1,028'
1,321
575
3/15/71
12/1/44
1,219
1,219
-
11/15/71-B
11/15/66
1,734
1,734
Note
-
ll/15/71-G
5/15/70
10,743
10,743
3-7/8$
Bond
-
11/15/71
5/15/62
2,760
2,760
4-3/4$
Note
-
2/15/72-A
2/15/67
2,006
2,006
7-1/2$
Note
-
2/ 15/ 72-C
8/17/70
3,375
3,375
4$
Bond
-
2/15/72
11/15/62
2,344
2,344
6,455
1,201
501
l,20lYT,
1,758
1 ,7 58
9/30/69
9/30/69
1,005
500
1,005 1 3 /
500 J *
10/1/70-E0
10/1/65
10/31/70
10/31/70
11/15/70-A
10/31/69
10/31/69
2/15/66
113
1.003
502
1,003^1 3 /
502 J *
7,675
11/30/70
11/30/70
11/30/69
11/30/69
1,001
500
1,001^1
/
-
Bill
Bill
_
-
12/31 70
12/31/70
12/31/69
12/31/69
1,002
500
1.002 "I
,
7.533$
6.843$
Bill
Bill
_
-
1/31/71
1/31/71
1/31/70
1/31/70
1.003
500
1.003 \ 3/
500 J
V3/8$
Note
-
2/15/71-C t
8/30/67
7-3/4$
Note
-
2/15/71-D
2-1/2$
Bond
-
5-3/8$
Note
7-3/4$
_
-
_
_
Description of new
securities offered
(See also Table PDO-4)
•
6,458
Total,.
8/31/70
Results of ex
change offers
1,055 5/
7-3/4$
7-3/4$
Note
Note
7-3/4$
7-3/4$
3,139
2,264
Note
Note
C-1974
B-1977
-
-
C-1974
B-1977
-
-
of Note C-1974
of Note B-1977
501 j J/
4/
113
4,505 of 7-1/4$ Note IV-1974
2,511 of 7-1/2$ Note C-1976
500 J 2/
500 J 2/
315’
635
326 ‘
441
2,427‘
2,480
r 5- 7/ 8%
6-1/4*
*5-7/8*
_6-1/4?
* 5-7/8?
_6-1/4?
f 5-7/8?
i 6-1/4?
| 5-7/8?
^ 6- 1/ 4?
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
_
_
_
_
-
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
2/15/71
Total
29,614
29,614
2/28/71
6.932$
7.353$
Bill
Bill
-
2/28/71
2/28/71
2/28/70
2/28/70
1,200
500
1,200
500
3/15/71
2-1/2$
Bond
-
3/15/71
12/1/44
269
269
3/22/71
6.452$
Bill
-
3/22/71
7/8/70
2,517
2,517
3/31/71
6.132$
7.068$
Bill
Bill
-
3/31/71
3/31/71
3/31/70
3/31/70
1,201
501
1,201
501
4/1/71
1-1/2$
Note
-
4/1/71-EA
4/1/66
35
35
4/22/71
6.504$
3.671$
Bill
Bill
-
4/22/71
4/22/71
7/23/70
3/30/71
2,261
2,001
2,261
2,001 '4/
4/30/71
6.814$
6.467$
Bill
Bill
-
4/30/71
4/30/71
4/30/70
4/30/70
1,200
500
1,200
500 »i/
Footnotes at end of Table.
_
1/
-y
(Continued on following page)
r 5- 7/ 8? Note
6-1/4? Note
”5-7/8? Note
6-1/4? Note
‘5-7/8% Note
6-1/4? Note
893
786
600*
606
387 *
304
634 ^
730
16,067
5-7/8?
6-1/4?
928
f 7,679
i 8,389
Note
Note
-
_
_
-
of 5-7/8$ Note
of 6-1/4$ Note
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
July 1973
47
PUBLIC DEBT OPERATIONS,
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
‘
Disposition offers
by Treasury
Called or maturing securities l/
Date of
refunding
or retire
ment
Issue
date
Description
[5-1/4$
Note
-
Amount
out
standing
Cash
Exchange
Ex
retire
security
changed
offered
ment
(In millions of dollars)
8/15/66
4,265
-
4,265
r 1,780 ^
{ 1,860 J
626
5/15/71-E
10/1/69
4,176
-
4,176
f 1,672^
^ 1,371J
8,442
-
8,442
1,200
501
1,2001
501J|j/
Total.
[%
\^5-3/4%
Note
Note
E-1972
E-1974
1,133
f 5%
Note
Note
E-1972
A-1974
6,682
1,759
^3,452 of 5% Note
t 3,231 of 5-3/4% Note
-
-
-
5/31/71
5/3l/'7l
5/31/70
5/31/70
Bill
6/22/71
10/21/70
2,515
2,515 ](4/
-
-
-
6/30/71
6/30/71
6/30/70
6/30/70
1,201
501
1,2011
501
-
-
-
7/31/71
7/31/71
7/31/70
7/31/70
1,202
501
l,202l
501J
-
8/15/71
3/1/62
2,806
5/31/71
7.277$
( 6.510$
Bill
Bill
6/22/71
5.970%
6/30/71
7.079$
( 6.237$
Bill
Bill
7/31/71
^6.380$
^6.153$
Bill
Bill
f 4%
Bond
^8-1/4$
Note
8/15/71
8/15/71-F
2/15/70
Total.
8/31/71
9/21/71
.396$
(!5.048$
5.'
Bill
Bill
Bill
-
Note
Bond
D-1975
8/15/81
8/31/71
8/31/71
8/31/70
8/31/70
1,204
501
1,204")
501jk
-
-
-
9/21/71
7/6/71
1,752
1,7521
-
-
-
K
10/1/71-E0
10/1/66
72
6.072$
Bill
Bill
10/31/71
10/31/71
10/31/70
10/31/70
1,201
500
1,202^
501Jk
_
72
-
l,20l|
500j
-
-
3-7/8%
Bond
11/15/71
5/15/62
1,081
-
1,081
5-3/8%
Note
11/15/71-B
11/15/66
967
-
967
J
7-3/4%
Note
ll/15/71-G
5/15/70
5,836
-
5,836
4-3/4%
Note
5/15/72-B
5/15/67
5,310
-
5,310
5/15/72-D
8/15/72
8/15/72-E
11/16/70
9/15/62
5/15/71
Total.
6%
6-1/8$
6%
6-1/8%
6%
6-1/8%
Note
Bond
Note
Bond
Note
Bond
6%
6-1/8%
6%
6-1/8%
Note
Bond
Note
Bond
_
-
6%
6-1/8%
Note
Bond
_
-
*6%
6-1/8%
509*1
268 f
304
6331
237
V
98 i
J 3,1091
\
487 ?
f 1,446 \
(
187 j
J
-
602 1
2,240 6/
-
-
2,037
-
2,579
3,452
-
3,452
21,262
-
21,262
9,399
2,781
2,037
2,579
I.
58 J
r 1,0671
I
{
*
)
-
f 5.010%
I3.691%
Bill
Bill
11/30/71
11/30/71
11/30/70
11/30/70
1,201
501
1,201*
501 l i /
-
-
_
12/31/71
4.2 .
3.507%
Bill
Bill
12/31/70
12/31/70
1,201
500
i,2o r
500 l i/
-
_
-
1/31/72
4.249%
4.403%
-4-3/4%
Bill
Bill
12/31/71
12/31/71
1/31/72
1/31/72
1/31/71
1/31/71
1,199
500
1,199^
500 l i /
-
_
_
Note
- ’ 2/15/72-A
2/15/67
800
-
7-1/2#
Note
-
2/15/72-C
8/17/70
2,690
-
2,690
4%
Bond
2/15/72
11/15/62
980
-
980
7-3/4%
4-1/8%
7-1/4%
4-1/4%
Note
Bond
Note
Bond
2/15/74-C
2/15/74
5/15/74-D
' 5/15/74
8/15/70
1/15/65
11/15/70
5/15/64
3,139
3,125
4,505
3,577
11/30/71
2/15/72
Total.
Footnotes at end of table.
7/7/_
7/7/_
18,816
-
800
(
»}
f
1,321^
18,816
(Continued on following page)
/\ ' 46M
203 /
179
657
172
721
4,933
_
-
_
-
_
-
_
-
_
Note
Bond
8,207 of 6% Note
1,192 of 6-1/8% Bond
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
231
f 5-3/4%
^6-3/8%
Note
Bond
E-1976
2/15/82
724
r5- 3 /4 %
^6- 3/ 8%
Note
Bond
E-1976
2/15/82
Note
Bond
E-1976
2/15/82
I
3,139
3,125
4,505
3,577
r3,115 of 7% Note
612 of 7% Bond
_
r
<
Note
*7%
7%
1,336
Note
Bond
649
3,727
1-1/2%
4%
D-1975
8/15/81
5,063
10/1/71
Note
Note
Bond
-
1,202
501
6-3/4%
7%
7%
5,063
9/30/70
9/30/70
11/15/71
687
2,257
9/30/71
9/30/71
l 4.369%
2,806
-
Bill
Bill
10/31/71
-
2,257
6.215$
l4.949$
^5-3/4%
-s
f 1,708 I
i
411 <
/ 1,407 1
t
202 J
9/30/71
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
5/15/71-A
5/15/71
Note
Results of ex
change offers
310
-
1,264
}
"5- 3/4%
6- 3/ 8%
8/
2,802 of 5-3/4%
2,131 of 6-3/8%
£
Note
Bond
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities l/
Date of
refunding
or retire
ment
2/29/72
3/31/72
Description
4/30/72
5/15/72
5/31/72
2/29/72
2/29/72
2/28/71
2/28/71
1,201
500
1,201^1
500J
3.587$ Bill
5.425$ Bill
3/31/72
3/31/72
3/31/71
3/31/71
1,200
500
1,200^1
4/1/72-EA
4/1/67
34
4.558$ Bill
3.846$ Bill
4/21/72
4/21/72
12/1/71
12/1/71
2,506
1,526
2,506V/
1,526
^4.422$ Bill
5.944$ Bill
4/30/72
4/30/72
4/30/71
4/30/71
1,201
501
501j *
5/15/72-B
5/15/72-D
5/15/67
11/16/70
3,676
1,377
1,294 V /
1,245j
"4.790$ Bill
5.090$ Bill
5/31/72
5/31/72
5/31/71
5/31/71
1,201
500
!,20A
500 V
2-1/2$ Bond
6/15/72
6/1/45
1,226
1,226
4.273$ Bill
Bill
6/21/72
6/21/72
12/13/71
12/13/71
2,010
1,016
1,016 /
^5.567$ Bill
5.242$ Bill
6/30/72
6/30/72
6/30/71
6/30/71
1,200
500
1,200^1
'5.953$ Bill
4.496$ Bill
7/31/72
7/31/72
7/31/71
7/31/71
1,202
500
1,202^1
8/15/72-E
5/15/71
2,574
1-1/2$ Note
(
4-3/4$ Note
Note
(:h6-3/4$
-
-
c
6/15/72
6/21/72
C4.056$
6/30/72
0
7/31/72
{
5$
4$
Note
-
Bond
8/15/72
2-1/2$ Bond
8/15/72
Cash
retire
ment
3.675$ Bill
(
{
Disposition offers
by Treasury
4.688$ Bill
(
4/1/72
4/21/72
Issue
date
Amount
out
standing
9/15/72
9/15/62
10/20/41
500J
232
2,574
1,453
1,453
1,951
379
1,951
- 11/15/72-F
6/29/73
2,285
2,285
2-1/2$ Bond
12/15/72
11/15/45
2,547
2,547
<6-1/4*
^6-3/8%
Note
Note
Bond
(5-7/856
<6-1/4*
\6-3/8%
Note
Note
Bond
(5-7/8%
<6-1/4%
\6-3/8%
Note
Note
Bond
-
(5 -7/8%
<6-1/4%
|6-3/8%
Note
Note
Bond
-
(5-7/8%
<6-1/4%
|6-3/8%
Note
Note
Bond
(5-7/8%
_
_
_
_
-
_
_
-
-
_
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
5-3/4$ Note 7/ -
ll/15/74-A
11/15/67
7,212
7,212
/6-l/4%
\6-3/8%
Note
Bond
-
3-7/8$ Bond 7/ -
11/15/74
12/2/57
2,236
2,236
/6-l/4%
|6-3/8%
Note
Bond
-
A-1979
8/15/84
5-3/4$ Note 7/ -
2/15/74-A
2/15/68
5,148
5,148
f6-l/4%
\6-3/8%
Note
Bond
-
A-1979
8/15/84
5-7/8$ Note 7/ -
2/15/75-E
10/22/71
2,045
2,045
4-1/4%
\6-3/8%
Note
Bond
-
27,451
27,451
9/15/72
2-1/2$ Bond
9/15/72
10/20/71
9/30/72
Bill
( 5.279$
3.930$ Bill
9/30/72
9/30/72
9/30/71
9/30/71
1,201
501
1-1/2$ Note
- 10/1/72-E0
10/1/67
33
Bill
f 4.490$
3.891$ Bill
10/31/72
10/31/72
10/31/71
10/31/71
1,200
500
!,20(A /
6/29/71
1,326
1,326 5 /
11/30/71
11/30/71
1,201
501
l,20l] 2/
11/15/72
6$
11/30/72
4.563$ Bill
3.862$ Bill
{
iK
500J
8/31/71
8/31/71
10/31/72
2,382
132
2,0Kf\
8/31/72
8/31/72
10/1/72
Turned
in for
cash 2/
34
5.125$ Bill
4.580$ Bill
(
Ex
changed
Description of new
securities offered
(See also Table PDO-4)
500j
Note
Total.
8/31/72
Exchange
security
offered
Results of ex
change offers
Note
Footnotes on fallowing page.
11/15/72-F
11/30/72
11/30/72
1,200
500
454p
1,200^
500 J-2/
454p
1,201^
501J
33
500 J2'
501/
(Continued on following page)
677
457
11,816
612
_
_
5-7/8$ Note
14,945
<4,559 of 6-1/4% Note
of
6-3/8%
Bond
\2,312.
A-1979
8/15/84
A-1979
8/15/84
July 1973
49
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills - (Continued)
12/15/72
2-1/2$ Bond
2/15/73
2/28/73
/ 4.091$ Bill
\ 4.367$ Bill
1/31/73
3/31/73
4/1/73
4/20/73
4/30/73
5/15/73
5/31/73
Issue
date
Description
A . 927$
I 4.512$
j 3.936%
\ 4.234$
J 6-1/2$
<4-7/8$
12/31/72
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
r4.66l$
r4.754$
1-1/2$
4.721$
Bill
Bill
Bill
Bill
Note
Note
Bill
Bill
Mote
Bil'l
4.362$ Bill
4.731$ Bill
7-3/4$
4-3/4$
"4.465%
5.040$
Note
Note
Bill
Bill
6/22/73
5.089$ Bill
6/30/73
A . 853$ Bill
^5.346$ Bill
Amount
out
standing
Exchange
security
offered
Cash
retire
ment
12/15/72
ll/l5/45
l,351p
l,351p
:
12/31/72
12/31/72
12/31/71
12/31/71
1,200
501
1,200)
50ljh /
-
1/31/73
1/31/73
1/31/72
1/31/72
1,200
500
1,2001
500j
-
2/15/73
2/15/73
8/16/71
11/15/71
2/29/72
2/29/72
2,514
4,268
1,200
501
1 ,200I
3/31/72
3/31/72
4/1/68
11/24/72
1,201
501
34
2,012
1,201]
501/
34
2,012 V
4/30/72
4/30/72
1,200
500
1,200
500 2/
_
-
_
-
-
4/30/73
4/30/73
5/15/73-A
5/15/73-E
5/31/73
5/31/73
6/22/73
6/30/73
6/30/73
Exchanged
-
-
2/28/73
2/28/73
3/31/73
3/31/73
4/1/73-EA
4/20/73
Results of ex\jx.j
-
Turned
in for
cash 2/
-
Description of new
securities offered
(See also Table PD0-4)
_
k
-
k
k
5011
-
-
-
2,514
4,268
1,425
2,458
1,089
1,810
-
-
_
-
-
11/
-
-
-
_
_
2,663 12, /
2,598 12 /
_
10/1/69
5/15/72
5/31/72
5/31/72
5,844
3,792
1,200
500
3,181*
1,194 9/
1,200*
500 2/
-
-
-
12/5/72
2,510
2,510 U
-
-
-
6/30/72
6/30/72
1,201
500
x ,2°i\ ,
500 k /
-
-
-
-
Footnotes to Table PDO-7
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 new bills, (see Table PDO-4).
ij Tax anticipation issue: for detail of offerings beginning July 1970,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Notes" below.
£/ 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 7-1/2% notes of Series C-1972. Other holders of the
maturing securities were not given preemptive rights to exchange
their holdings for the 7-1/2% notes.
6/ Federal Reserve banks and Government accounts exchanged $1,500
million of the notes for 4-7/8$ notes issued November 15, 1971.
7j Subscribers exchanging these securities may elect, for Federal
income tax purposes, to recognize gain or loss on account of the
exchange either in the taxable year of the exchange or (except to
the extent that cash is received) in the taxable year of disposition
or redemption of the securities received in the exchange. Any gain
to the extent that cash was received by the subscriber (other than
8/
2/
10/
11/
12/
2JL/
P
as an interest adjustment) must be recognized in the year of the
exchange.
The four securities due in 1974 were eligible to be exchanged only
for the 6-3/8% bonds.
Public holders of these securities were not given preemptive rights
to exchange them but they could be used in payment for new securities
allotted.
Exchanged by Federal Reserve banks and Government accounts for 4-3/4$
notes issued May 15, 1972.
Of this amount $595 million was exchanged by Federal Reserve banks
and Government accounts for 6-5/8$ notes of Series B-1979. Other
holders of the maturing notes were not given preemptive rights to
exchange their holdings for the 6-5/8$ notes.
Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 6-7/7$ notes of Series A-1980 and $40 million of 7$ bonds
of 1993-98 issued May 15,1973Exchanged by Federal Reserve banks and Government accounts for 6-7/8%
notes of Series A-1980 issued May 15, 1973.
Preliminary.
Note: Information on retirement of tax anticipation issues referred to
in footnote 4. in millions of dollars:
Date of
retirement
Securities
Total
amount
retired
Redeemed
for
taxes
Redeemed
for
cash
9/23/70
3/22/71
Bill
Bill
1,758
2,517
750
457
1,008
2,060
4/22/71
Bill
2,261 *\
2,001 J
957
3,305
6/22/71
Bill
2,515
1,158
1,357
9/21/71
Bill
1,752
899
4/21/72
Bill
4,033
3,026
1,023
853
3,010
1,934
1,092
2,012
2,510
912
1,687
1,100
823
6/21/72
Bill
4/20/73
6/22/73
Bill
Bin
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars;
Amount
Issue
date
Maturity
date
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
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
10/22/70
10/23/70
10/27/70
10/27/70
10/28/70
10/29/70
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
12/31/68
11/2/70
6.40
8/5/70
8/10/70
8/17/70
8/24/70
8/25/70
11/5/70
11/10/70
11/17/70
11/24/70
11/25/70
6.45
6.45
6.55
6.55
6.20
10
50
35
60
10
5/1/69
8/3/70
8/3/70
8/3/70
12/23/71
1/20/72
6.25
7.25
7.25
200
100
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
9/15/70
9/30/70
10/6/70
10/27/70
12/15/70
6.80
6.45
6.45
12/22/70
12/23/70
12/28/70
12/30/70
12/30/70
6.35
6.35
5.95
5.95
5.95
5.80
5.80
7/6/70
7/7/70
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/l/70
10/7/70
10/8/70
10/16/70
10/21/70
10/22/70
10/23/70
10/26/70
10/27/70
10/28/70
10/28/70
10/29/70
10/6/70
10/7/70
10/8/70
10/16/70
10/22/70
10/23/70
10/27/70
10/28/70
10/29/70
12/30/70
12/31/70
1/7/71
1/8/71
1/15/71
1/21/71
1/22/71
1/22/71
1/26/71
1/27/71
1/28/71
1/28/71
1/29/71
6.45
6.65
6.65
5.424
6.40
6.40
6.40
6.35
6.35
5.80
5.80
6.05
6.05
5.424
5.95
5.95
5.95
5.95
5.85
5.85
5.85
5.85
Notes
r 12/ 31/68
t 10/28/70
11/2/70
1/20/72
6.40
6.60
Bonds
9/16/64
11/1/70
4.25
30
8/5/70
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
11/24/70
11/25/70
11/25/70
11/27/70
11/30/70
11/5/70
11/10/70
11/17/70
11/24/70
11/25/70
12/30/70
2/5/71
2/10/71
2/10/71
2/17/71
2/23/71
2/23/71
2/24/71
2/24/71
2/25/71
2/25/71
2/26/71
3/1/71
6.45
6.45
6.55
6.55
10
50
35
60
10
125
Month of
activity
Securities
Interest
rate
Issued
Certificates of indebtedness
Notes
Certificates of indebtedness
Aug.
Notes
Sept.
Certificates of indebtedness
Certificates of indebtedness
Oct.
Certificates of indebtedness
Nov.
Notes
10/16/70
12 /16/70
271
250
100
70
100
6.40
6.40
450
10
271
100
100
•
3,911
250
20
30
45
215
15
10
4,076
300
150
20
250
215
28
8
15
10
50
20
3,971
400
200
10
271
250
20
30
45
15
10
275
100
10
271
250
30
3,755
20
30
30
45
15
40
10
90
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
50
25
35
40
300
60
125
10
12/31/68
11/2/70
6.40
6.50
11/2/70
2/2/72
(Continued on following page)
28
i
Total outsxanding
end of month
(In millions of dollars)
(Percent)
1970-July.
Retired
10
4,637
100
300
120
28
3
July 1973
51
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
Issue
date
Securities
Maturity
date
Interest
rate
Issued
Certificates of indebtedness
19?0-Dec.
Notes
f 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
Mar.
Notes
7.85
6.50
5.15
28
15
10
50
20
100
10
20
15
10
10
125
1
100
271
250
30
30
30
45
40
10
50
35
60
7.80
4.75
50
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
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
5.45
5.30
5.30
4.80
4.15
3.85
3.54
3.50
3.50
2/24/71
w 2/26/71
5/24/71
5/26/71
3.50
3.50
10/1/69
2/18/71
4/27/72
8.00
2/1 8/71
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
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
4.80
4.90
4.75
4.85
f 10/31/69
^ 3/25/71
3/25/71
4/27/72
7.35
3.65
(Continued on following page)
200
12
8
15
10
5
30
40
50
15
40
300
100
75
60
250
40
4,331
300
35
100
50
50
120
30
45
100
4.20
3.54
3.50
3.50
3.50
3.30
3.30
3.30
3.55
3,926
100
1/18/71
2/24/72
{
>
15
100
9/24/69
1/18/71
3.90
4,331
10
30
28
8
15
10
50
4.20
4.20
4.20
(
>
100
271
250
55
30
70
30
20
40
Certificates of indebtedness
Certificates of indebtedness
12/21/70
2/2/72
2/24/72
12/16/70
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
1971-Jan.
Notes
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
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
1/8/71
1/15/71
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
3/23/71s
3/29/71
4/8/71
4/15/71
4/19/71
4/21/71
4/26/71
4/26/71
4/27/71
4/28/71
Certificates of indebtedness
Notes
12/15/70
Total outstanding
end of month
(In millions of dollars)
(Percent)
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
Retired
150
30
250
150
140
280
30
35
200
130
125
125
Treasury Bulletin
52
PUBLIC DEBT OPERATION S.
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
Maturity
date
Interest
rate
Amount
Issued
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
4.95
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
1/15/70
4/22/71
4/22/71
5/25/72
7.95
4.40
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
5/3/71
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
5A4/71
5/19/71
5/24/71
5/24/71
5/26/71
^ 5/26/71
5/3/71
5/10/71
5/24/71
5/24/71
5/24/71
5/26/71
6/1/71
6/30/71
4.15
3.85
3.50
3.50
3.50
3.50
3.50
3.55
3.70
3.70
3.90
3.90
3.90
3.90
3.90
3.90
3.90
3.90
3.90
3.90
3.90
3.90
3.90
4.35
4.35
4.35
4.50
4.50
Certificates of indebtedness
1971-Apr.
Certificates of indebtedness
May.
f
Notes
Certificates of indebtedness
June.
Notes
1/30/70
i 5/15/70
^ 5/20/71
5/27/71
7/7/71
7/7/71
8/3/71
8/4/71
8/6/71
8/6/71
8/6/71
8/6/71
8/10/71
8/10/71
8/10/71
8/10/71
8/10/71
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
8 .1 0
6/1/71
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
3/1/71
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
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
3/2/70
5/15/71
6/17/71
6/24/71
6/25/71
6/25/71
6/25/71
6/25/71
6/25/71
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
4/7/71
4/8/71
4/15/71
4/26/71
4/27/71
5/10/71
5/LO/71
6/28/71
7/7/71
7/8/71
7/15/71
7/26/71
6/1/71
6/9/71
6/10/71
6/22/71
7/7/71
7/19/71
7/27/71
8/10/71
8/10/71
9/28/71
(Continued on following page)
7.60
5.35
5.10
7.125
7.60
5.85
5.85
5.95
6.20
6.45
6.55
6.65
3.70
3.70
5.424
3.80
3.90
3.90
3.90
4.95
Total outstanding
end of month
(In millions of dollars)
(Percent)
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
Retired
271
250
55
70
20
30
40
200
250
271
250
55
70
35
20
150
150
75
60
40
300
35
100
30
130
165
40
75
200
80
100
1,010
100
80
1 ,0 0 0
575
60
110
235
250
42
58
35
180
150
300
30
100
100
100
100
100
110
280
30
35
200
250
55
65
50
950
1,000
315
100
160
280
30
35
60
30
100
100
100
100
600
600
600
600
600
30
271
250
5
20
80
100
60
7,606
July 1973
53
.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
Maturity
date
7/1/71
7/2/71
< 7/6/71
7/7/71
7/8/71
7/8/71
7/9/71
7/13/71
7/15/71
7/21/71
7/26/71
7/27/71
7/28/71
10/1/71
10/4/71
10/6/71
10/7/71
10/8/71
10/8/71
10/12/71
10/13/71
10/15/71
10/21/71
10/26/71
10/27/71
10/28/71
5.10
5.10
5.50
5.50
5.50
5.50
5.50
5.40
5.424
5.55
5.55
5.55
5.55
r 3/26/70
3/31/70
7/7/71
7/7/71
7/7/71
7/7/71
i 7/7/71
\ 7/14/71
7/14/71
7/14/71
7/14/71
7/14/71
7/22/71
w 7/29/71
7/22/71
7/29/71
7/7/72
7/9/73
7/8/74
7/7/75
7/7/76
7/14/72
7/16/73
7/15/74
7/14/75
7/14/76
8/24/72
8/24/72
6.70
6.79
6.05
6.45
6.65
6.75
6.85
5.80
6.30
6.60
6.70
6.80
5.94
6.15
5/3/71
5/4/71
5/7/71
5/10/71
5/10/71
5/10/71
5/14/71
5/19/71
5/24/71
5/24/71
5/26/71
5/26/71
8/3/71
8/4/71
8/4/71
8/6/71
8/9/71
8/10/71
8/10/71
8/12/71
8/12/71
/\ 8/13/71
8/16/71
8/16/71
8/16/71
8/17/71
8/17/71
8/17/71
8/17/71
8/18/71
8/18/71
8/18/71
8/18/71
8/18/71
8/19/71
8/19/71
8/20/71
8/20/71
8/23/71
8/24/71
8/24/71
8/24/71
8/26/71
8/30/71
8/31/71
8/31/71
8/31/71
>
4/9/70
6/4/70
1 11/2/70
^ 8/26/71
8/3/71
8/4/71
8/6/71
8/10/71
8/10/71
8/10/71
8/13/71
8/19/71
8/24/71
8/24/71
8/26/71
8/26/71
11/3/71
11/4/71
11/4/71
11/5/71
3/30/72
11/10/71
11/10/71
11/12/71
11/12/71
11/15/71
11/16/71
11/17/71
11/16/71
11/17/71
11/17/71
11/17/71
11/17/71
9/20/71
9/20/71
9/20/71
11/18/71
11/18/71
9/20/71
9/20/71
9/20/71
9/20/71
9/23/71
9/24/71
11/24/71
11/24/71
11/26/71
9/30/71
10/1/71
10/1/71
10/1/71
3.90
3.90
3.90
3.90
3.90
3.90
3.90
4.35
4.35
4.35
4.50
4.50
5.30
5.30
5.30
5.30
5.90
5.40
5.40
5.40
5.40
5.40
5.40
5.40
5.40
4.95
4.95
4.95
4.95
4.68
4.68
4.68
4.95
4.95
4.55
4.55
4.45
4.45
4.45
4.50
4.75
4.75
4.75
4.50
4.35
4.35
4.35
8/26/71
8/26/71
9/21/72
6.84
7.55
6.50
5.40
9/1/71
9/10/71
9/20/71
9/20/71
9/23/71
9/24/71
9/30/71
4*35
4.55
4.68
4.55
4.45
4.50
4.50
Interest
rate
Amount
Issued
1971-July.
Certificates of indebtedness
Aug.
Notes
f 6/10/71
6/1/71
8/18/71
8/19/71
8/23/71
8/24/71
8/30/71
2 /2 /7 2
(Continued on following page)
Tot'al outstanding
end of month
(In millions of <iollars)
(Percent)
Certificates of indebtedness
Retired
115
52
327
30
271
396
86
97
250
40
5
20
25
115
52
327
-
-
100
100
-
200
200
200
200
200
200
200
200
200
200
100
100
-
75
100
60
135
60
110
42
58
140
35
30
100
_
-
75
150
55
60
200
40
110
70
-
150
-
300
-
200
-
-
9,431
-
_
100
20
245
60
505
350
100
10
237
230
92
35
596
552
65
155
28
631
155
141
35
30
167
1,130
15
29
)
396
86
97
-
/ 14,
_
230
92
_
_
-
65
155
28
153
-
-
'
100
100
1
280
35
237
552
478
155
167
-
Treasury Bulletin
54
.PUBLIC DEBT O PERATIO N S.
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
Maturity
date
Interest
rate
Amount
Issued
1971-Sept.
Notes
Certificates of indebtedness
Oct.
Notes
-
8/31/71
8/31/71
< 9/1/71
9/3/71
9/8/71
9/8/71
9/10/71
9/20/71
9/20/71
9/23/71
9/24/71
9/30/71
10/1/71
10/1/71
12/1/71
10/4/71
10/8/71
10/8/71
10/12/71
12/20/71
12/20/71
12/23/71
12/24/71
12/30/71
4.35
4.35
4.55
4.40
4.35
4.35
4.35
4.85
4.85
4.75
4.75
4.70
35
552
237
712
155
167
4/30/70
9/23/71
9/23/71
10/26/72
7.46
5.40
200
7/7 /71
7/8/71
7/15/71
7/21/71
7/26/71
7/27/71
7/28/71
8/31/71
8/31/71
9/3/71
\
9/8/71
9/10/71
10/1/71
10/4/71
10/7/71
10/8/71
10/8/71
10/15/71
10/21/71
10/28/71
10/7/71
10/8/71
10/15/71
10/21/71
10/26/71
10/27/71
10/28/71
10/1/71
10/1/71
10/4/71
10/8/71
10/12/71
1 /3 /7 2
1 /4 /7 2
1/7 /7 2
1/7 /7 2
1/7 /7 2
1/14/72
1/21/72
1/28/72
5.50
5.50
5.424
5.55
5.55
5.55
5.55
4.35
4.35
4.40
4.35
4.35
4.70
4.70
4.55
4.55
4.55
5.424
4.40
4.45
f 6/11/70
) 6/18/70
\ 11/2/70
1 10/28/71
10/28/7L
10/28/71
7.65
7.65
6.50
4.80
[
2/2/72
1/25/73
-
285
75
44
100
_
_
-
250
40
25
_
-
200
_
11/18/71
Notes
6/25/70
11/2/70
A 11/18/71
(^11/29/71
2/22/73
2/22/73
7.63
6.50
4.75
4.95
200
100
Bonds
9/16/64
11/1/71
4.25
-
2/2/72
(Continued on following page)
4.00
4.00
4.20
4.20
4.20
4.20
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.25
4.25
4.25
4.35
-
30
271
250
40
5
20
-
100
100
*
-
75
55
60
150
70
-
-
300
100
-
60
-
20
245
505
-
10
-
350
-
750
-
70
55
60
45
105
70
300
100
60
20
10
350
100
35
600
141
35
30
100
-
35
596
35
141
30
15
-
10
-
100
-
_
200
1
_
14,293
200
-
-
>
-
-
-
14,144
-
35
44
>
-
44
685
75
30
271
1A,230
100
-
-
)
-
-
5.30
5.30
5.30
5.40
5.40
5.40
5.40
5.40
5.40
5.40
4.95
4.95
4.95
4.95
4.15
4.95
4.95
4.75
4.75
4.75
4.15
4.25
Nov.
-
-
-
11/3/71
11/4/71
11/5/71
11/10/71
11/12/71
11/12/71
11/15/71
11/16/71
11/16/71
11/17/71
11/17/71
11/17/71
11/17/71
11/17/71
2/17/72
11/18/71
11/18/71
11/24/71
11/24/71
11/26/71
1/3 /7 2
2/4 /72
12/30/71
1/3 /7 2
2/10/72
2/11/72
2/11/72
2/15/72
2/16/72
2/16/72
2/17/72
2/17/72
2/17/72
2/18/72
2/18/72
2/24/72
2/24/72
2/25/72
2/29/72
Certificates of indebtedness
15
498
25
682
29
75
-
8/3 /71
8/4 /71
8 /6 /71
8/10/71
8/12/71
8/12/71
8/13/71
8/16/71
8/16/71
8/16/71
8/17/71
8/17/71
8/17/71
8/17/71
8/17/71
8/18/71
8/18/71
8/24/71
i
< 8/24/71
8/26/71
11/3/71
11/4/71
11/5/71
11/10/71
11/10/71
11/12/71
11/12/71
11/15/71
11/16/71
11/16/71
11/17/71
11/17/71
11/17/71
11/18/71
11/18/71
11/24/71
11/24/71
11/26/71
11/30/71
f
Total outstanding
end of month
"(In millions
(Percent)
Certificates of indebtedness
Retired
_
24
July 1973
55
.PUBLIC DEBT OPERATION S.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Month of
Activity
1971-Dec.
Securities
Certificates of indebtedness
Notes
Certificates of indebtedness
1972-Jan.
Certificates of indebtedness
f
Issue
date
Maturity
date
Interest
rate
9/1/71
9/20/71
9/20/71
9/23/71
9/24/71
9/30/71
11/3/71
11/5/71
11/10/71
11/17/71
12/1/71
12/7/71
12/7/71
12/14/71
12/15/71
12/17/71
12/20/71
12/20/71
12/20/71
12/23/71
12/24/71
12/24/71
12/30/71
12/1/71
12/20/71
12/20/71
12/23/71
12/24/71
12/30/71
1/3/72
12/30/71
1/3/72
2/17/72
3/1/72
3/7/72
3/7/72
3/14/72
3/15/72
3/17/72
3/20/72
3/20/72
3/20/72
3/23/72
3/24/72
3/24/72
2/29/72
(Percent)
4.55
4.85
4.85
4.75
4.75
4.70
4.15
4.00
4.00
4.15
4.35
4.10
4.10
3.95
3.95
3.95
4.05
4.05
4.05
4.05
4.05
4.05
3.35
8/3/70
12/6/71
12/7/71
12/23/71
12/23/71
3/22/73
4/26/73
3/29/73
7.25
4.80
4.65
4.70
10/1/71
10/4/71
10/7/71
10/8/71
10/8/71
10/15/71
10/21/71
10/28/71
11/10/71
1/3/72
1/3/72
1/4/72
1/7/72
1/7/72
1/7/72
1/10/72
1/14/72
1/21/72
1/28/72
1/3/72
1/4/72
1/7/72
1/7/72
1/7/72
1/14/72
1/21/72
1/28/72
1/3/72
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/7/72
4/10/72
4/14/72
4/21/72
4/28/72
4.70
4.70
4.55
4.55
4.55
5.424
4.50
4.45
4.00
3.75
3.75
3.75
3.75
.75
,75
,75
.424
,30
3.50
8/3/70
10/28/70
1/20/72
1/20/72
1/20/72
1/20/72
4/26/73
5/24/73
7.25
6.60
4.30
4.30
11/4/71
11/10/71
11/12/71
11/12/71
11/15/71
11/16/71
11/16/71
11/17/71
11/17/71
11/17/71
11/17/71
11/18/71
11/18/71
11/24/71
11/24/71
11/26/71
11/30/71
12/30/71
2/4/72
2/10/72
2/11/72
2/11/72
2/15/72
2/16/72
2/16/72
2/17/72
2/17/72
2/17/72
2/17/72
2/18/72
2/18/72
2/24/72
2/24/72
2/25/72
2/29/72
. 2/29/72
2/4/72
2/10/72
2/11/72
2/11/72
2/15/72
2/16/72
2/16/72
2/17/72
2/17/72
2/17/72
2/17/72
2/18/72
2/18/72
2/24/72
2/24/72
2/25/72
2/29/72
2/29/72
5/4/72
5/10/72
5/12/72
5/12/72
5/15/72
5/16/72
5/16/72
5/17/72
5/17/72
5/17/72
5/17/72
5/18/72
5/18/72
5/24/72
5/24/72
5/25/72
5/30/72
5/30/72
4.25
4.20
4.20
4.20
4.20
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.25
4.25
4.25
4.35
3.35
3.40
3.15
3.15
3.15
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.10
3.15
'3.15
3.15
3.45
3.45
(Continued on following page)
Issued
300
100
153
60
48
200
362
163
558
721
158
60
50
Retired
Total outstanding
end of month
(In millions of dollars)
285
552
237
712
155
167
55
50
10
35
42
60
48
192
> 14,738
163
200
100
175
200
550
35
75
30
271
44
100
250
40
25
685
75
30
271
44
250
40
25
35
> 14,703
100
90
100
90
55
105
70
300
100
60
20
10
350
715
100
600
35
35
141
30
100
50
55
105
70
300
100
60
20
10
350
715
100
600
35
35
141
30
100
50
> 14,703
56
Treasury Bulletin
PUBLIC 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
Issue
date
Maturity
date
11/2/70
11/21/70
1/18/71
2/2/72
2/24/72
2/2/72
2/24/72
2/24/72
12/3/73
5/24/73
6.50
5.15
4.75
4.80
4.25
8/9/71
12/1/71
12/7/71
12/7/71
12/17/71
12/20/71
12/23/71
12/24/71
12/24/71
2/16/72
2/24/72
3/1/72
3/7/72 3/7/72
3/20/72
3/20/72
3/23/72
3/24/72
3/24/72
3/30/72
3/1/72
3/7/72
3/7/72
3/17/72
3/20/72
3/23/72
3/24/72
3/24/72
5/16/72
5/24/72
6/1/72
6/7/72
6/7/72
6/20/72
6/20/72
6/23/72
6/26/72
6/26/72
5.90
4.35
4.10
4.10
3.95
4.05
4.05
4.05
4.05
3.10
3.15
3.45
3.55
3.55
3.85
3.85
3.95
3.95
3.95
300
100
111
564
362
728
60
159
3/15/72
3/30/72
9/15/76
6/21/73
2.50
5.05
158
200
1/3/72
1/3/72
1/4/72
1/7/72
1/7/72
1/7/72
1/10/72
1/14/72
1/21/72
1/28/72
2/15/72
3/24/72
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/10/72
4/21/72
4/28/72
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/7/72
4/10/72
4/14/72
4/21/72
4/28/72
5/15/72
6/26/72
7/3/72
7/3/72
7/3/72
7/7/72
7/7/72
7/10/72
7/20/72
7/28/72
3.75
3.75
3.75
3.75
3.75
3.75
3.75
5.424
3.30
3.50
3.10
3.95
3.85
3.80
3.80
3.80
3.80
3.80
3.85
3.55
2/18/71
3/25/71
4/7/72
4/7/72
4/7/72
4/7/72
4/7/72
4/7/72
4/27/72
4/27/72
4/27/72
4/7/78
7/7/78
10/6/78
2/7/79
3/7/79
4/6/79
7/19/73
3.90
3.65
6.20
6.20
6.20
6.25
6.25
6.25
4.60
2/4/72
2/10/72
2/11/72
2/11/72
2/11/72
2/15/72
2/16/72
2/17/72
2/17/72
2/17/72
5/4/72
5/10/72
5/12/72
5/12/72
5/12/72
5/15/72
5/16/72
5/17/72
5/17/72
5/17/72
3.40
3.15
3.15
3.15
3.15
3.10
3.10
3.10
3.10
3.10
55
105
100
70
200
50
20
715
350
10
2/17/72
2/18/72
2/18/72
2/24/72
2/25/72
2/29/72
2/29/72
4/4/72
5/4/72
5/10/72
5/12/72
5/12/72
5/16/72
5/17/72
5/17/72
5/17/72
5/17/72
5/18/72
5/17/72
5/18/72
5/18/72
5/24/72
5/25/72
5/30/72
5/30/72
7/3/72
8/4/72
8/10/72
8/11/72
8/11/72
8/16/72
8/17/72
8/17/72
8/17/72
8/17/72
8/18/72
3.10
3.10
3.10
3.15
3.A5
3.45
3.45
3.80
3.60
3.50
3.50
3.50
3.70
3.70
3.70
3.70
3.70
3.70
100
35
600
35
30
50
100
20
Interest
rate
Issued
(Percent)
Notes
>
Certificates of indebtedness
1972-Mar.
Notes
Certificates of indebtedness
Apr.
Notes
May.
Certificates of indebtedness
{
(Continued on following page)
Total outstanding
end of month
(In millions of dollars)
Retired
22
100
50
22
150
200
300
100
111
8
362
721
60
158
60
141
) 14,456
100
111
550
35
75
271
44
30
100
250
40
25
50
60
557
75
35
44
30
100
40
25
> 16,332
50
125
400
400
450
400
400
450
175
55
105
70
200
20
10
715
350
100
35
► 16,162
July 1973
57
.PUBLIC DEBT OPERATION S.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Amount
Month of
Activity
Maturity
date
Interest
rate
5/18/72
5/24/72
5/25/72
5/30/72
5/30/72
8/18/72
8/24/72
8/25/72
8/30/72
8/30/72
(Percent)
3.70
3.85
3.85
3.80
3.80
600
35
30
50
100
f 4/22/71
^ 5/25/72
5/25/72
8/23/73
4.40
4.67
150
3/1/72
3/20/72
3/20/72
3/23/72
3/24/72
5/12/72
5/17/72
6/1/72
6/20/72
6/20/72
6/23/72
6/26/72
6/28/72
6/28/72
6/1/72
6/20/72
6/20/72
6/23/72
6/26/72
8/11/72
8/17/72
9/1/72
9/20/72
9/20/72
9/25/72
9/26/72
9/28/72
12/28/72
3.45
3.85
3.85
3.95
3.95
3.50
3.70
3.80
3.95
3.95
3.95
3.95
4.05
4.50
5/20/71
5/27/71
6/25/71
6/22/72
6/26/72
6/22/72
6/22/72
6/26/72
9/20/73
6/27/77
5.35
5.10
5.95
4.95
5.95
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/10/72
4/21/72
4/28/72
5/17/72
5/30/72
6/1/72
6/28/72
7/3/72
7/3/72
7/6/72
7/6/72
7/7/75
7/7/72
7/7/72
7/10/72
7/17/72
7/17/72
7/18/72
7/18/72
7/18/72
7/18/72
7/18/72
7/19/72
7/19/72
7/19/72
7/20/72
^ 7/28/72
7/3/72
7/3/72
7/3/72
7/7/72
7/7/72
7/10/72
7/20/72
7/28/72
8/17/72
8/30/72
9/1/72
9/28/72
10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/19/72
10/20/72
10/27/72
3.85
3.80
3.80
3.80
3.80
3.80
3.85
3.55
3.70
3.80
3.80
4.05
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.10
4.10
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
7/20/72
7/20/72
7/7/72
7/14/72
7/7/77
7/14/77
3/22/76
3/22/77
9/22/77
3/22/78
9/22/78
5/15/79
7/16/79
10/18/73
5.85
5.85
6.05
5.80
5.90
5.875
5.75
5.90
5.90
5.95
6.00
6.05
6.10
5.00
Issue
date
Securities
Notes
Certificates of indebtedness
1972-June.
Notes
>
Certificates of indebtedness
July.
Notes
f
I
<
I
L
6/17/71
6/24/71
7/7/71
7/14/71
7/7/72
7/14/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/20/72
-
3.60
8/4/72
5/4/72
3.50
8/10/72
5/10/72
8/11/72
5/12/72
3.5$
8/11/72
3.50
5/12/72
3.70
8/16/72
5/16/72
3.70
8/17/72
5/17/72
3.70
8/17/72
5/17/72
3.70
8/17/72
5/17/72
3.70
8/17/72
5/17/72
3.70
8/18/72
5/18/72
3.70
8/18/72
5/18/72
(C6ntinued on following page)
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
150
300
362
564
728
159
150
52
300
564
362
728
159
878
75
> 16,913
100
100
600
200
600
557
15
75
30
44
100
40
25
405
50
300
878
15
632
270
50
350
30
44
100
70
250
17
450
417
24
83
31
193
91
40
25
270
350
> 20,039
417
100
100
200
200
200
200
500
500
500
500
500
500
500
200
55
105
70
50
20
10
258
350
100
35
600
58
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Month of
activity
Issue
date
Securities
Amount
Interest
rate
Issued
Total outstanding
end of month
(In millions of dollars)
35
30
100
41
Retired
(Percent)
3.85
3.85
3.80
3.95
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
4.05
4.35
55
105
70
50
8
20
15
20
18
2
10
275
100
35
600
35
30
100
8/24/72
8/24/72
11/29/73
5.94
6.15
5.05
200
9/20/72
9/20/72
9/25/72
9/26/72
10/18/72
10/19/72
11/13/72
11/14/72
11/16/72
12/20/72
12/20/72
12/26/72
12/26/72
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.65
4.65
4.65
4.65
8/26/71
9/15/72
9/21/72
7/3/72
7/3/72
7/6/72
7/7/72
7/7/72
7/10/72
7/17/72
7/17/72
7/18/72
7/18/72
7/18/72
7/18/72
7/18/72
7/19/72
7/19/72
7/20/72
Certificates of indebtedness { 7/28/72
8/17/72
10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
9/21/72
3/15/77
12/27/73
10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
11/17/72
1/3/73
1/3/73
1/5/73
1/5/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/18/73
1/19/73
1/19/73
1/19/73
1/26/73
5.40
2.50
5.60
4.15
4.15
4.15
4.15
4.15
4.15
4.10
4.10
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
3.95
4.60
4.60
4.60
4.60
4.60
4.75
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.75
f 9/23/71
^ 10/26/72
10/26/72
1/24/74
5.40
5.60
200
200
-
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3.95
-
55
105
70
20
15
20
18
5/24/72
5/25/72
5/30/72
7/19/72
8/4/72
8/10/72
8/11/72
8/11/72
8/14/72
8/14/72
8/15/72
8/16/72
8/16/72
8/16/72
8/17/72
8/17/72
8/17/72
8/18/72
8/18/72
8/24/72
8/25/72
8/30/72
8/24/72
8/25/72
8/30/72
10/19/72
11/3/72
11/10/72
11/13/72
11/13/72
11/14/72
11/14/72
11/15/72
11/16/72
11/16/72
11/16/72
11/17/72
- 11/17/72
11/17/72
11/17/72
11/17/72
11/24/72
11/24/72
11/30/72
f 7/22/71
< 7/29/71
^ 8/24/72
6/20/72
6/20/72
6/23/72
6/26/72
7/18/72
< 7/19/72
8/11/72
8/14/72
8/16/72
9/20/72
9/20/72
9/25/72
> 9/26/72
Certificates of indebtedness
1972-Aug.................
Notes
r
Certificates of indebtedness
Sept....... ........
Notes
Oct.................
Maturity
date
Notes
<
f
11/3/72
8/4/72
11/10/72
8/10/72
11/13/72
8/11/72
11/14/72
8/14/72
11/15/72
8/15/72
11/16/72
8/16/72
11/16/72
8/16/72
11/17/72
8/17/72
(Continued on following page)
-
-
100
100
-
564
362
728
159
157
200
-
564
362
728
159
30
50
50
8
2
*200
15
632
50
30
44
100
250
70
300
120
17
24
83
31
193
40
25
40
10
-*
-
-
15
632
30
50
44
100
250
70
120
11
25
26
195
40
25
-
-
fH«LQ/pHOA
fwO
—
>19,745
<
>19,304
July 1973
59
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Month of
activity
1972-Nov.
Dec.
Issue
date
Maturity
date
Interest
rate
r 8/17/72
8/17/72
8/18/72
8/18/72
8/24/72
8/25/72
8/30/72
10/3/72
10/6/72
11/3/72
11/10/72
11/13/72
11/14/72
11/15/72
11/16/72
11/16/72
11/17/72
11/17/72
11/17/72
11/17/72
11/24/72
11/30/72
11/17/72
11/17/72
11/17/72
11/17/72
11/24/72
11/25/72
11/30/72
1/3/73
1/5/73
2/2/73
2/9/73
2/13/73
2/14/73
2/15/73
2/16/73
2/16/72
2/16/73
2/16/73
2/16/73
5/17/73
2/23/73
5/30/73
(Percent)
3*95
3.95
3.95
3.95
4.05
4.05
4.35
4.60
4.60
4.80
4.70
4.70
4.80
4.80
4.80
4.80
4.80
4.80
4.80
5.10
4.80
5* 20
’6/28/72
9/20/72
9/20/72
9/25/72
9/26/72
10/6/72
11/17/72
11/24/72
12/20/72
12/20/72
12/20/72
12/26/72
6/27/68
12/28/72
12/20/72
12/20/72
12/26/72
12/26/72
1/5/73
2/16/73
2/23/73
3/20/73
3/20/73
6/20/73
3/26/73
12/27/72
' 10/3/72
10/6/72
10/6/72
10/10/72
10/1V72
10/17/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
1/3/73
1/3/73
1/5/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/19/73
1/19/73
1/26/73
"
Securities
/Certificates of indebtedness
\Certificates of indebtedness
totes
1973-Jan.
(Certificates of indebtedness
Notes
Feb.
/Certificates of indebtedness
7/1/68
7/2/68
10/28/71
1/15/73
w 1/25/73
1X/3/72
11/10/72
11/13/72
11/14/72
11/15/72
11/16/72
11/16/72
11/17/72
11/17/72
11/24/72
2/2/73
2/7/73
2/7/73
2/8/73
2/9/73
2/9/73
(Continued on
4.50
4.65
4.65
4.65
4.65
4.60
4.80
4.80
5.10
5.10
5.30
5.15
Amount
Issued
Retired
(In millions of dollars)
100
235
35
600
35
30
100
19,120
5
50
55
105
70
20
15
20
18
10
35
115
706
55
100
362
337
227
900
75
362
564
728
159
5
100
20
5.70
12
1/3/73
1/5/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/18/73
1/19/73
1/19/73
1/19/73
1/26/73
4/3/73
7/3/73
4/5/73
4/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
4.60
4.60
4.60
4.75
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.75
5.20
5.40
5.20
5.20
5.15
5.30
5.30
5.30
5.30
5.30
5.30
5.65
632
25
44
100
70
250
11
25
120
26
195
40
25
1/2/73
1/2/73
1/25/73
7/15/77
4/25/74
6.00
6.00
4.80
2.50
5.93
2/2/73
2/9/73
4.80
4.70
4.70
4.80
4.80
4.80
4.80
4.80
4.80
4.80
5.70
5.70
5.70
5.70
5.70
5.70
2/15/73
2/16/73
2/16/73
2/16/73
2/16/73
2/23/73
5/2/73
5/7/73
5/7/73
5/8/73
5/9/73
5/9/73
following page)
Total outstanding
end of month
619
23
20
44
100
70
250
11
25
40
50
25
156
200
55
6
413
32
105
102
►18,921
20
10
5
200
55
105
70
20
15
18
20
45
15
30
32
>23,792
Treasury Bulletin
60
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficial Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars)
Month of
activity
Securities
Notes
Certificates of indebtedness
1973-Mar.
Notes
1973-Apr.
Certificates of indebtedness
Notes
Certificates of indebtedness
May.
Interest
rate
Issue
date
Maturity
date
2/9/73
2/9/73
2/13/73
2/13/73
2/14/73
2/14/73
2/14/73
2/16/73
2/16/73
2/23/73
5/9/73
5/9/73
5/14/73
5/14A3
5/14/73
5/14/73
5/14/73
5/16/73
5/16/73'
5/23/73
11/18/71
11/29/71
2/22/73
2/22/73
2/22/73
5/23/74
' 4.75
4.95
6.15
12/20/72
12/20/72
12/26/72
2/9/73
2/14/73
3/6/73
3/6/73
3/6/73
3/7/73
3/20/73
3/20/73
3/26/73
9/9/68
12/6/71
12/23/71
3/22/73
3/29/73
3/20/73
3/20/73
3/26/73
5/9/73
5/14/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
5.10
5.10
5.15
5.70
5.45
5.90
5.90
5.90
5.90
6.35
6.35
6.35
3/9/73
3/22/73
3/29/73
6/27/74
6/27/74
1/3/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/19/73
1/19/73
1/26/73
4/3/73
4/5/73
4/10/73
4/17/73
4A 7/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
10/9/68
12/7/71
1/20/72
4/26/73
11/17/72
11/30/72
2/2/73
2/7/73
2/9/73
2/9/73
2/13/73
2/14/73
2/14/73
2/16/73
2A6/73
2/23/73
3/20/73
4A0/73
5/2/73
5/7/73
5/3/73
5/9/73
5A4/73
5/14/73
5/14A3
5/14/73
5/16/73
5/16/73
5/17/73
5/23/73
5/30/73
{
1
5.70
5.70
5.45
5.45
5.45
5.45
5.45
5.45
5.45
5.45
..
Amount
Issued
1,483
36
70
30
3,050
261
180
65
15
30
300
_
Retired
^
millions of
36
30
400
200
100
-
5.35
4.80
4.70
7.00
6.80
601
109
2,523
189
337
200
900
•
100
200
337
362
900
102
180
10
100
200
-
4/3/73
4/5/73
4/10/73
4/17/73
4/17/73
4A 8/73
4/18/73
4/19/73
4/19/73
4/26/73
7/3/73
7/5/73
7/10/73
7A7/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
5.20
5.20
5.15
5.30
5.30
5.30
5.30
5.30
5.30
5.65
6.55
6.55
6.20
6*20
6.20
6.20
6.20
6.20
6.20
6.25
619
44
100
250
70
11
25
40
50
25
619
44
100
250
70
11
25
40
50
25
-
4/9A 3
4/26/73
4/26/73
7/25/74
5/17/73
5/30/73
5/2/73
5/7A3
5/?/73
5/9/73
5/14/73
5/M /73
5/L4A3
5A6/73
5/16/73
5/23A 3
6/20A3
7A0A3
8/2/73
8A A 3
8/9/73
5.50
4.65
4.30
6.75
5.10
5.20
5.70
5.70
5.70
5.70
5.45
5.45
5.45
5.45
5.45
5.45
6.3$
6.20
6.30
6.30
6.15
6.45
6.15
6.15
6.15
6.45
6.20
6.20
6.45
6.45
6.90
_
275
_
55
413
105
1,480
70
261
1,170
1,500
15
65
706
30
100
8/ .. 8/14A3
8/14/73
11/W 73
8A6A3
8A6A3
11/16/73
8/23/73
11/30A3
(Continued on following page)
Total outstanding
end of month
5
175
100
706
100
55
413
105
1,483
70
261
2,650
15
65
30
75
100
*•
-
► 26,760
>
26,755
26,594
July 1973
61
_ _ _ _ _ _ _ PUBLIC DEBT OPERATIONS
mmmmrn
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
Maturity
date
Interest
rate
Amount
Issued
(Percent)
Notes
Certificates of indebtedness
1973-June.....
Notes
t
Source: Bureau of the Public Debt.
*
Less than $500,000.
.............
f 11/ 22/68
/ 1/20/72
\ 2/24/72
L 5/24/72
f 12/20/72
1/03/73
3/06/73
3/06/73
3/06/73
3/07/73
3/20/73
3/20/73
3/26/73
4/03/73
< 6/06/73
6/06/73
6/06/73
6/06/73
6/07/73
6/20/73
6/20/73
6/26/73
w 6/29/73
f 12/ 24/68
12/27/68
J 6/25/71
C 3/30/72
I 6/21/73
6/25/73
L 6/29/73
5/22/73
5/24/73
5/24/73
8/22/74
6/20/73
7/03/73
6/06/73
6/06/73
6/06/73
6/07/73
6/20/73
6/20/73
6/26/73
7/03/73
9/06/73
9/06/73
9/06/73
12/06/73
9/07/73
9/20/73
9/20/73
9/26/73
9/28/73
5.50
4.30
4.25
7.00
5.30
5.40
5.90
5.90
5.90
5.90
6.35
6.35
6.35
6.55
7.15
7.15
7.15
7.25
7.15
7.30
7.30
7.25
7.25
6/25/73
6/27/73
6/25/73
6/21/73
9/19/74
6/ 23/80
12/29/77
6.00
Retired
(IJn millions of dollLars0
_
_
240
_
_
..
_
_
109
601
2,503
20
189
489
3
90
150
227
23
109
601
2,523
189
262
200
900
619
_
_
_
200
_
_
900
652
_
5.97
2
20
6.20
600
5.05
7.10
6.95
2.50
Total outstanding
end of month
► 26,781
200
200
600
199
_
-
.
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
activity
Payable
in —
Securities
Issue
date
Maturity
date
Certificates of indebtedness
I Swiss francs
\ Swiss francs
1/23/70
7/23/70
7/23/70
1/22/71
Notes
f Swiss
) Swiss
S Swiss
V. Swiss
francs
francs
francs
francs
4/9/69
4/29/70
7/9/70
7/29/70
7/9/70
7/29/70
10/8/71
10/29/71
1970-July,
Interest
rate
(Percent)
8.08
6.75
Amount
(Dollar equivalent)
Issued
100
6.20
6.20
7.30
7.23
30
40
Certificates of indebtedness
Swiss francs
Swiss francs
2/6/70
8/6/70
8/6/70
2/5/71
8.125
6.75
50
Sept.
Notes
Swiss francs
Swiss francs
6/9/69
9/9/70
9/9/70
12/9/71
6.89
6.90
101
francs
francs
francs
francs
7/3/69
7/16/69
10/5/70
10/16/70
10/5/70
10/16/70
1/5/72
1/17/72
7.70
7.55
6.70
6.55
francs
francs
francs
francs
7/23/70
1/22/71
9/9/69
1/29/71
8/6/70
2/5/71
11/18/69
2/3 8/71
1/22/71
7/22/71
1/29/71
5/30/72
6.75
4.40
7.85
4.40
2/5/71
8/5/71
2/18/71
5/18/72
6.75
4.26
7.60
3.90
30
250
Oct..
Notes
Certificates of indebtedness
1971-Jan..
Notes
9/10/71
3.35
7/22/71
8/5/71
9/10/71
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
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
1/30/70
4/6/70
5/6/70
5/19/70
6/11/70
7/9/70
7/29/70
9/9/70
10/5/70
10/16/70
1/29/71
2/18/71
5/10/71
5/10/71
5/10/71
6/1/71
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/k8/72
5/30/72
6/1/71
9/1/72
4.40
4.26
3.35
3.35
8.10
6.75
4.40
4.26
7.70
7.73
7.60
7.30
7.23
6.90
6.70
6.55
8.10
6.75
7.70
7.73
7.60
7.30
7.23
6.90
6.70
6.55
4.40
3.90
3.90
4.40
8.10
5.15
Swiss francs
( Swiss francs
1 Swiss francs
5/10/71
5/10/71
7/22/71
7/6/71
7/22/71
1/21/72
6.75
4.40
5.75
Swiss francs
7/6/71
10/6/72
f Swiss francs
) Swiss francs
\ Swiss francs
Swiss francs
francs
francs
5/10/71
5/10/71
8/5/71
8/6/71
8/19/71
2/4/72
11/6/72
11/20/72
8/27/73
9/10/71
9/13/71
6.15
4.26
7.70
francs
francs
francs
5/10/71
5/10/71
5/10/71
8/5/71
8/6/71
8/19/71
8/27/71
Notes
Swiss francs
Swiss francs
9/10/71
9/13/71
12/11/72
12/13/72
5.45
5.55
Certificates of indebtedness
Swiss francs
Swiss francs
5/10/71
5/10/71
10/8/71
10/29/71
7.30
7.23
Notes
Swiss francs
Swiss francs
Certificates of indebtedness
Notes
Certificates of indebtedness 1/
Swiss francs
Swiss francs
Swiss francs
10/8/71
10/29/71
5/10/71
12/9/71
8/5/71
1/8/73
1/29/73
12/9/71
3/9/73
2/4/72
5.25
4.85
6.90
4.80
111
5.75
2
Certificates of indebtedness
July.
Notes
Certificates of indebtedness
Aug.
Notes
Certificates of indebtedness
Sept.
Swiss
Swiss
Swiss
Swiss
Swiss
(Continued on following page)
101
1,366
22
134
1,366
1,366
50
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
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
Certificates of indebtedness
Notes
1,366
30
3/10/71
May.
50
30
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
Certificates of indebtedness
1,366
100
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Certificates of indebtedness
30
39
100
francs
francs
francs
francs
francs
Notes
Dec.
22
133
Swiss
Swiss
’Swiss
Swiss
Swiss
Certificates of indebtedness
Feb..
Mar.,
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Total outstanding
end of month
(In millions of dollars)
100
Aug..
C
J
\
L
^
Retired
50
1,366
30
1,616
100
50
250
263
27
55
105
53
27
29
24
32
42
106
24
140
26
52
26
28
23
30
40
101
22
133
30
30
>
1,664
32
32
27
27
55
105
105
1.664
1.664
55
53
27
29
53
27
29
333
1,998
263
24
3.35
7.60
2,005
269
25
32
42
2,008
33
43
106
2,013
July 1973
63
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
Issue
date
Amount
(Dollar equivalent)
Maturity
date
Interest
rate
Issued
(Percent)
1972-Jan.
/
Notes 1/
Certificates of indebtedness
Notes
Feb.
May.
July.
Aug.
German marks
German marks
German marks
German marks
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
f Swiss
) Swiss
\ Swiss
V* Swiss
/ Swiss
^ Swiss
4/5/73
4/17/73
2/4/72
8/4/72
8/5/71
2/4/72
Notes
f German marks
( German marks
L German marks
7/3/67
10/2/69
3/3/72
' Swiss francs
Swiss francs
Swiss francs
„Swiss francs
Swiss francs
pSwiss francs
German marks
Oct.
Notes
Notes
Notes
Certificates of indebtedness
8/4/72
2/2/73
3.625
4.25
57
Swiss francs
Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
f German marks
c Swiss francs
1 Swiss francs
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
francs
francs
francs
francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
German marks
Swiss francs
( : Swiss francs
Swiss francs
Swiss francs
6/ 24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
285
26
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
' 7/19/73
4.375
5.25
114
francs
francs
francs
francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
I Swiss francs
^ Swiss francs
8/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
German marks
8/19/69
2/19/73
3.05
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
fSwiss
/ Swiss
j Swiss
VSwiss
C Swiss
/ Swiss
\ Swiss
v.Swiss
Notes
Notes
25
148
2/4/72
8/4/72
Certificaxes oi indebtedness
1973-Jan.
24
140
105
Swiss francs
Swiss francs
(
f
Swiss francs
Swiss francs
(Continued on following page)
) 2,147
12
5/10/71
5/10/71
5/18/72
5/30/72
1/21/72
7/21/72
7/3/67
Certificates of indebtedness
Total outstanding
end of month
(In millions of dollars)
17
17
17
18
19
1
1
1
3
1
1
6
1
3/3/72,
10/2/73
10/2/73
5/18/72
5/30/72
8/20/73
8/30/73
7/21/72
1/19/73
7/3/72
Notes
Notes
5.28
5.73
6.25
3.05
4.43
3.90
4.40
5.15
6.15
6.35
5.65
5.45
5.55
5.25
4.85
4.80
5.67
6.70
6.55
5.75
3.50
4.50
4.15
5.75
3.625
5.28
4.43
2.051
3.90
4.40
4.77
4.55
3.50
4.375
5.28
{
i
1/5/72
1/17/72
f Swiss francs
\ Swiss francs
Certificates of indebtedness
Nov.
3/3/72
10/2/72
12/22/72
2/19/73
10/2/73
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
3/9/73
8/27/73
1/5/72
1/17/72
1/21/72
7/21/72
Certificates of indebtedness
Notes
Sept.
francs
francs
francs
francs
francs
francs
7/3/67
4/1/68
6/ 24/68
8/19/69
10/2/69
5/10/71
5/10/71
6/1/71
7/6/71
8/6/71
8/19/71
9/10/71
9/13/71
10/8/71
10/29/71
12/9/71
8/27/71
5/10/71
5/10/71
7/22/71
1/21/72
Retired
56
55
76
153
153
33
33
33
34
111
114
76
56
28
29
32
11/
153
57
1,850
28
31
1,852
153
275
26
1,710
114
33
43
1,713
57
1,561
154
111
129
1,578
64
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Month of
activity
Securities
Certificates of indebtedness 4/
1973-Apr.
Notes 4/
Notes
Payable
in —
Issue
date
Maturity
date
Interest
rate
(Percent)
5.25
5.75
francs
( Swiss
Swiss francs
1/19/73
2/2/73
7/19/73
8/2/73
rGerman marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
jSwiss francs
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
TSwiss
I Swiss
\ Swiss
V*Swiss
francs
francs
francs
francs
Source: Bureau of the Public Debt.
1/ Dollar value of securities increased to reflect market exchange
rates as of December 31, 1971.
2/ Note issued October 2, 1969, was cancelled and a new note was issued
at a lower interest rate to partially compensate for the increase in
dollar value given this security in January 1972,
2/
4/
*
Amount
(Dollar equivalent)
Issued
10
5
Retired
Total outstanding
end of month
(In millions of dollars)
19
46
4
4
3
6
3
3
26
2
3
4
25
148
29
170
The principal amount of this note was increased $1 million to compen
sate for a lower interest cost than was anticipated when the note
was revalued in 1970.
Dollar value of securities increased to reflect market exchange
rates as of February 12, 1973.
Less than $500,000.
July 1973
65
.UNITED STATES SAVINGS BONDS.
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 1941,
interest yields,
sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
Series
through April 30,
from May 1, 1941
1941.
through April
Seri es J and K were sold from May 1, 1952
through
Details of the principal changes in issues,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 196?,
and
Report of the Secretary of
the Treasury for fiscal years 1966 through 1972.
Table SB-1. - Sales and Redemptions by Series, Cumulative through June 30, 1973
(In millions of dollars)
Series
Series
Series
Series
Series
A-D 2/..
E and H.
F and G.
J and K.
Total A-K.....
Amount outstanding
Sales plus
accrued
discount
Sales 1/
Accrued
discount
3,949
166,048
28,396
3,556
1,054
37,341
1,125
198
5,003
203,390
29,521
3,754
4,999
143,974
29,498
3,746
59,418
201,948
39,719
241,668
182,217
59,418
Redemption 1/
Interestbearing debt
Matured
noninterestbearing debt
22
7
34
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
(in millions of dollars)
Period
Fiscal,,,years l
1935-63..........
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Calendar years:
1935r62..........
1963.............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
Months:
1972-June........
July........
Aug.........
Sept........
Oct.........
Dec.........
1973-Jan.........
Feb.........
May.........
June........
Sales 1/
Accrued
discount
Redemptions l/
Amount outstanding
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount 2/
Interestbearing debt
Matured
noninterestbearing debt
151,863
4,656
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,512
21,251
1,476
1-,517
1,554
1,626
1,735
1,789
1,841
2,056
2,310
2,564
173,114
6,132
6,060
6,204
6,592
6,473
6,338
6,291
7,138
8,249
9,076
124,643
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
113,399
4,383
4,488
4,792
4,971
4,978
5,237
5,508
4,342
4,306
4,494
11,244
781
858
932
951
1,003
1,102
1,240
1,083
1,032
1,092
48,314
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
157
139
110
95
88
82
82
55
46
39
34
149,346
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
20,551
1,423
1,508
1,527
1,591
1,686
1,759
1,832
1,909
2,192
2;426
169,896
6,183
6,117
6,013
6,451
6,584
6,455
6,224
6,574
7,669
8,662
122,030
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
111,172
4,259
4,445
4,552
5,043
4,842
5,094
5,457
5,072
4,224
4,322
10,859
762
807
889
957
951
1,040
1,182
1,223
1,021
1,043
47,535
48,827
49,734
50,324
50,752
51,581
51,917
51,549
51,842
54,275
57,579
331
201
158
141
164
126
112
64
50
42
37
474
449
487
439
403
416
390
384
90
55,921
39
364
396
359
328
338
316
86
91
80
75
78
74
56,188
56,457
56,698
56,974
57,295
57,579
39
38
38
37
37
37
536
472
509
482
502
502
417
380
407
387
401
403
119
92
102
95
101
99
57,839
58,163
58,471
58,776
59,133
59,418
36
36
36
35
35
34
532
205
737
493
562
472
467
545
450
222
194
207
211
192
22 3
561
592
599
562
655
556
235
204
218
224
203
231
715
756
679
678
737
673
796
795
816
786
858
787
Footnotes at end of Table SB-4.
Treasury Bulletin
66
, UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
_________(In millions of dollars)_____________________________________
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales Plus
accrued
discount
Total
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-63.....
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
115,963
4,656
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,512
18,931
1,458
1,502
1,542
1/619
1,731
1,788
1,841
2,056
2,310
2,564
134,894
6,114
6,045
6,192
6,584
6,470
6,337
6,291
7,138
8,249
9,076
88,535
4,736
4,987
5,305
5,449
5,715
6,198
6,721
5,416
5,331
5,581
79,377
3,982
4,154
4,408
4,536
4,739
5,112
5,484
4,334
4,300
4,490
9,158
754
833
897
913
976
1,086
1,237
1,082
1,031
1,091
46,359
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
55,921
59,418
Calendar years:
1941-62.....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
113,446
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
18,241
1,404
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
131,687
6,164
6,101
6,000
6,440
6,578
6,452
6,224
6,574
7,669
8,662
86,187
4,557
4,841
5,117
5,477
5,439
5,915
6,565
6,281
5,237
5,359
77,421
3,823
4,061
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,317
8,766
733
780
863
916
919
1,017
1,173
1,221
1,020
45,499
47,106
48,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579
Months:
1972-Tune....
532
473
383
90
55,921
493
562
472
467
545
450
205
222
194
207
211
192
223
235
204
218
737
July....
Aug....
Sept....
Oct....
Nov....
Dec....
715
756
679
678
737
673
796
795
816
786
858
787
449
486
438
363
395
358
327
338
316
86
56,188
56,457
56,698
56,974
57,295
57,579
57,839
58,163
58,471
58,776
59,133
59,418
1973-Ja..... n
Feb....
Mar....
Apr....
May....
June,...
561
592
599
562
655
556
224
203
231
402
415
389
535
417
472
379
407
509
481
386
502
401
402
502
Series F, G, J, and K combined ij
1,042
75
78
74
119
92
101
95
101
99
Matured
noninterestbearing debt
July 1973
67
UNITED STATES SAVINGS BONDS
Table SB-3. - Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
Period
Sales 1/
Sales plus
accrued
discount
Accrued
discount
...
.
_
Redemptions 2/
Sales
price 2/
Total
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
9,158
754
833
897
913
976
1,086
1,237
1,032
1,031
1,091
191
26S
188
216
196
I84
210
231
292
333
39,166
40,190
41,078
41,853
42,959
43,805
44,205
44,167
45,902
43,593
51,806
33,537
39,740
40,739
41,504
42,398
43,504
44,222
44,259
44,813
47,103
50,120
Accrued
discount 2/
Series E
Fiscal vears:
1941-63................
1964....................
1965....................
1966....................
1967....................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
107,614
4,136
4,112
4,246
4,599
4,466
4,343
4,289
4,870
5,650
6,190
18,931
1,458
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
126,545
5,594
5,614
5,787
6,217
6,196
6,131
6,130
6,926
7,960
8,755
86,580
4,363
4,538
4,801
4,895
5,154
5,548
5,959
4,959
4,972
5,209
77,£23
Calendar vears:
1941-62................
1963....................
1964....................
1965....................
1966....................
1967....................
1968....................
1969....................
1970....................
1971....................
1972....................
105,417
4,185
4,132
4,092
4,450
4,574
4,452
4,221
4,503
5,218
5,922
18,241
1,404
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
123,658
5,589
5,623
5,606
6,031
6,255
6,209
6,052
6,412
7,411
8,348
84,381
4,229
4,425
4,650
4,913
4,941
5,300
5,835
5,626
4,871
5,007
75,615
3,495
3,646
3,787
3,997
4,022
4,283
4,661
4,405
3,851
3,964
8,766
733
730
863
916
919
1,017
1,173
1,221
1,020
1,042
689
203
198
190
224
207
191
180
228
249
329
Months:
1972-June..............
................... ......
“
3*705
3,904
3,982
4,173
4,462
4,722
3,877
3,941
4,118
212
506
205
711
446
356
90
23
48,593
222
194
207
211
192
223
684
419
454
Dec...............
461
534
452
444
521
428
530
558
569
535
628
531
235
204
218
224
203
231
764
762
787
759
831
762
86
91
80
75
78
74
119
92
101
95
101
99
27
30
26
26
27
22
1973-Jan...............
Feb...............
Mar...............
Apr...............
May... .... .......
June..............
333
363
330
300
309
291
386
348
371
353
367
369
48,836
49,079
49,303
49,557
49,856
50,120
50,352
50,643
50,925
51,205
51,539
51,806
July..............
Aug...............
Sept..............
Oct...............
728
659
655
713
651
410
375
387
365
504
440
472
448
468
495
29
30
33
30
30
27
Series H
Fiscal vears:
1952-63................
1964....................
1965....................
1966....................
1967....................
1968....................
1969/..................
1970............... .
1971...................
1972...................
1973...................
Calendar vears:
1952-62................
1963...................
1964...................
1965...............
1966...................
1967....................
1968....................
1969....................
1970...................
1971...................
1972....................
8,349
521
431
404
367
273
207
160
-
-
212
-
289
-
8,349
521
431
404
367
273
207
160
212
289
322
-
322
8,028
-
8,028
575
477
394
575
477
394
410
324
244
172
162
259
314
Months:
1972-June..............
26
July..............
Aug...............
Sept..............
Oct ..................................................
Nov...............
Dec ..................................................
31
28
20
23
24
22
1973-Jan...............
Feb...............
Mar ..................................................
Apr ..................................................
May ..................................................
June ...............................................
31
34
30
27
27
25
-
-
-
-
-
-
1,956
373
'449
504
553
561
650
762
457
359
372
1,956
373
449
504
553
561
650
762
457
359
372
1,806
1,806
_
328
416
328
416
_
467
564
497
615
730
655
366
353
467
564
497
615
730
655
366
353
28
30
32
29
28
29
25
28
31
28
20
-23
24
22
31
34
30
27
27
25
31
32
37
33
34
34
31
32
37
33
34
34
410
324
244
172
162
259
314
26
30
32
29
28
29
25
231
292
338
7,193
7,546
7,716
7,829
7,858
7,766
7,506
7,114
7,101
7,323
7,612
639
208
198
190
224
207
191
180
228
249
329
6,912
7,367
7,627
7,744
7,815
7,848
7,668
7,290
7,025
7,167
7,458
-
28
-
27
30
26
26
27
22
7,323
7,351
7,378
7,396
7,416
7,439
7,458
29
30
33
30
30
27
7,488
7,520
7,546
7,570
7,593
7,612
_
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
_
-
_
-
_
_
-
-
191
206
188
212
216
196
I84
210
Treasury Bulletin
6 8
UNITED STATES SAVINGS ROWns
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(in millions of dollars)
Matured
Period
Total
fiscal years;
1951-57.......................
1958..........................
1959..........................
1960..........................
1961..........................
1962..........................
1963..........................
1964..........................
1965..........................
1966..........................
1967..........................
1968..........................
1969..........................
1970..........................
1971..........................
1972..........................
1973..........................
Calendar years:
1951-56.......................
1957..........................
1958..........................
1959..........................
1960..........................
1961..........................
1962..........................
1963..........................
1964..........................
1965..........................
1966..........................
1967..........................
1968..........................
1969..........................
1970..........................
1971..........................
1972..........................
Months:
1972-June.....................
July.....................
Aug......................
Oct......................
1973-Jan......................
Feb......................
Mar......................
May......................
June............ ........
Unmatured
Total
Series E
and H
28,583
4,739
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
21,924
3,195
3,235
3,285
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
6,659
1,544
543
1,356
283
196
139
140
118
104
79
25
6
-
23,360
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
3,305
3,337
18,155
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
3,305
3,337
5,204
1,886
750
1,075
825
201
175
125
131
111
107
44
13
2
_
Total 1/
Series E
and H
47,437
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
18,437
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
9,069
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
9,366
1,824
1,625
1,822
940
925
657
304
246
280
412
260
143
29
9
7
5
J/
39,424
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
15,752
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
7,988
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
7,765
2,072
1,702
2,268
1,089
922
730
426
282
216
391
345
209
84
15
8
6
2/
181
180
*
281
281
138
192
177
153
133
149
158
239
189
207
195
195
138
192
176
153
133
149
158
239
189
206
195
194
•*
*
1
•*
*
*
287
281
308
267
262
260
287
281
308
267
262
260
*
*
*
*
*
1
272
317
251
321
282
286
272
317
251
321
282
286
474
449
487
439
403
416
390
536
472
509
482
502
502
Source: Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note: In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstancj-ing at current redemption
value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (l)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distribu
tion of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
Other
ij
5/
6/
2/
8/
2/
10/
*
6/
7/
8/
2/
6/
6/2/
7/ 8/
8/ 2 /
2/
Other
-
-
-
-
Unclassified
10/
417
75
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
312
266
22
-449
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
12
-
24
14
-46
-17
21
-19
106
-85
68
-
-4 6
-
-
-
25
21
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were ^discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4%
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4% marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4% marketable bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8% marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8%
marketable bonds of 1971 and 4% marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
July 1973
69
.UNITED STATES SAVINGS NOTES.
demption
United States savings notes were on sale May 1, 1967
through June 30, 1970.
and information on investment yields of savings
not'es appear in
The notes were eligible for purchase
the Treasury Bulletins of March 1967 and
"by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1972,
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
Sales 2/
Fiscal, years:
1967................
1968................
1969................
1970................
1971................
1972................
1973.................
1
201
326
323
11
*
*
Calendar xears:
1967.................
1968.................
1969................
1970................
1971................
1972................
80
277
348
160
-3
*
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
•*
■
*
1
201
338
347
44
28
29
■
x
35
111
167
85
69
34
105
157
77
58
5
18
31
31
28
80
281
366
191
27
28
*
7
76
154
124
71
*
7
72
145
116
62
2
2
2
2
2
2
3
2
2
2
2
2
2
3
6
6
6
7
5
5
5
2
2
2
2
3
2
2
2
2
2
3
2
5
7
5
7
6
6
-
*
12
25
33
28
29
-
■V
Accrued
discount
-
*
1
6
10
8
11
Amount
outstanding
203
505
742
619
561
519
*•
3
8
9
9
80
354
644
682
584
540
5
6
5
6
5
4
4
1
1
1
1
1
1
1
561
557
553
549
546
543
540
4
6
4
6
5
5
1
1
1
1
1
1
538
533
531
526
523
519
-
Months:
1972-June
Aug..............
Dec..............
1973-Jan..............
Feb..............
Mar..............
May..............
June.............
*
*
-
•*
*
*
*
*
*
*
*
-
*
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.
IT
January 1972.
Less than $500,000.
Treasury Bulletin
70
OWNF.RSHTP OF FEDERAL SECURITIES_________________________________
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
End of
fiscal year
or month
1964..................................
1965..................................
1966..................................
1967..................................
1968..................................
1970............ .....................
1971..................................
1972..................................
1971-Dec..............................
1972-May............................. .
June.............................
July.............................
Aug..............................
Sept.............................
Oct..........................
Nov........ .....................
Dec..............................
1973-Tan..............................
Feb.............. ...............
Mar.......................
Apr..............................
Total
Federal
securities
outstanding
(In millions of dollars)
Interest-bearing public debt securities
Held by U.S. Government accounts
Nonmarketable
Total
outstanding
Total
Public
marketable
Special
issues
320,344
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
435,177
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
58,598
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460
9,878
10,351
12,050
13,635
14,694
16,007
16,974
18,092
19,868
46,546
48,549
50,196
56,103
59,374
66,738
76,124
82,740
89,536
2,174
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056
422,308
106,188
18,587
85,545
2,056
439,175
438,154
443,287
446,876
445,405
451,429
456,110
461,068
426,108
425,360
109,055
111,460
20,438
19,868
2,056
2,056
430,577
433,572
432,127
438,136
442,420
447,298
112,785
115,410
113,548
116,709
116,125
116,897
19,785
19,738
19,211
19,288
19,518
19,360
86,561
89,536
90,945
93,616
92,280
95,365
94,551
95,482
2,056
2,056
2,056
2,056
2,056
2,056
71,607
71,356
70,822
70,740
69,734
70,094
69,501
69,906
461,855
466,617
470,412
468,148
468,380
448,191
452,928
456,787
455,214
455,431
116,210
117,124
117,922
117,902
120,123
19,573
19,779
95,582
95,289
95,826
95,855
97,821
2,056
2,056
2.056
2.056
2*056
72 022
72,620
74,276
75,495
74,128
20,040
19,991
20,246
Interest-bearing public debt securities-(Cont.)
End of
fiscal year
or month
Held by private investors
Total
Public
marketable
Nonmarketable
Matured
publd c
debt
and debt
bearing
no interest
1964......
1965......
1966......
1967......
1968......
1969......
1970......
1971......
1972......
1971-Dec
213,964
212,941
208,946
203,758
216,032
212,819
216,142
227,883
242,545
246,046
161,816
159,244
154,909
150,318
159,668
156,006
157,911
161,863
165,978
173,376
52,148
53,697
54,037
53,440
56,363
56;814
58,231
66,020
76,566
72,670
4,356
4,161
4,476
3,935
3,178
1,991
1,893
1,841
1,901
1972-May
June, ,
245,446
242,545
169,880
165,978
75,566
76,566
1,804
1,901
July..
Aug...
Sept..
Oct...
Nov..,
Dec..,
246,969
247,422
248,846
251,333
256,794
260,495
167,110
167,617
168,774
171,481
176,602
180,244
79,859
79,805
80,072
79,852
80,192
80,251
1 9 7 3 Jan
Feb.,,
Mar,.,
259,959
263,184
264,589
261J817
261,179
179,527
177,482
175,459
172,361
171,544
80,432
85,702
89,130
89,457
89,635
May...
l/
For content see Table FD-6.
Other
Public
issues
held by
Federal
Reserve
banks
1,823
34,794
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356
70,218
Agency securities
Total
outstanding
1/
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,046
Held by
U.S. Government
accounts and
Federal Reserve
banks
611
469
Held by
private
investors
2,010
3,001
2,846
2,553
2,251
2,170
8,020
8,866
12,909
16,445
21,398
U',403
9,956
9,911
8,724
2,462
8,584
2^194
2,170
9,069
8,724
8,656
9,141
9,147
9,160
9,545
9,450
468
1,807
1,867
1,819
1,811
1,827
2,000
11,'263
10,894
10,903
11,437
11,459
11,483
11,863
11,770
2,247
2,296
2,312
2,323
2,318
2,320
1,877
1,911
1,819
1,849
1,908
11,787
11,779
11,806
11,084
11,041
2,297
2,259
2,325
2,181
2,167
9 490
9,520
9,48°
8,903
8,874
July 1973
71
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ to. billicna of dollarg)
Nonbank investors
End of
month
1939-Dec..........
1946-Feb..........
Dec..........
1 9 5 0 June.........
Dec..........
1951-June.........
Dec..........
1952-June.........
Dec..........
1953-June.........
Dec..........
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
Commer
cial
banks
2/
12.7
93.8
74.5
65.6
61.8
58.4
* 61.5
61.1
63.4
58.8
63.7
1954-June.........
Dec..........
1955-June.........
Dec..........
1956-June.........
Dec..........
1957-June.........
Dec..........
1958-June.........
Dec..........
1959-June.........
Dec..........
199.9
207.1
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
1960-June.........
Dec..........
1961-June.........
Dec..........
1962-June.........
Dec..........
1963-June.........
Dec..........
1964-June.........
Dec..........
1965-June.........
Dec..........
206.7
55.3
1966-June.........
Dec..........
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
218.0
229.9
229.7
247.9
Dec..........
1968-June.........
Dec..........
1969-June.........
Dec..........
1970-June.........
Dec..........
1971-June.........
Dec..........
1972-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
Nov..........
Dec..........
1973-Jan..........
Feb..,.......
v
Apr..........
May P ........
203.0
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
248.9
250.2
251.9
249.5
247.2
224.4
248.8
249.3
250.7
253.1
258.6
262.5
261.8
265.1
266.4
263.7
263.1
63.6
Individuals j/
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
62.1
148.0
62.5
67.2
65.1
67.1
64.3
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
62.8
62.1
63.3
61.9
61.0
60.5
60.2
60.0
60.8
61.0
63.5
67.0
66.0
62.4
61.6
.60.1
57.9
Total
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
' 64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.9
65.7
66.0
66.0
68.2
68.8
69.8
70.9
72.1
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
73.1
74.6
70.9
74.0
74.8
75.8
77.9
81.4
82.5
81.9
168.7
182.6
76.2
74.0
186.1
188.1
188.6
187.5
186.2
183.9
188.6
189.3
189.9
192.1
195.2
195.5
73.6
73.6
74.7
74.6
74.4
74.0
195.9
202.7
204.8
203.6
205.1
Savings bonds
Other
Series
E and H
Series 7/
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
Other
secu
rities
7.5
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
20.6
20.0
17.6
16.7
16.3
15.5
15.7
36.0
13.8
13.2
16.0
16.8
36.7
12.7
15.4
15.2
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
12.1
11.7
10.9
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
10.2
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
16.0
19.3
23.5
16.0
16.0
15.9
15.4
15.3
15.0
2.7
2.0
19.9
15.3
18.4
19.7
10.9
10.2
20.7
9.1
16.5
19.1
18.6
8.8
13.6
13.2
8.0
12.7
12.5
12.5
7.9
7.6
7.4
7.2
7.3
6.9
14.6
12.2
12.6
12.6
12.0
11.8
6.6
6.2
18.6
6.3
2.2
2.1
11.4
11.3
11.3
11.5
10.9
1.6
46.7
47.3
47.9
48.3
4&.8
1.5
1.3
20.0
20.2
1.9
20.7
21.5
22.4
1 .2
1 .0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
23.2
24.3
20.2
22.8
23.3
23.9
26.1
29.6
30.9
29.8
.7
.6
.6
.6
.6
.6
.6
.6
74.3
74.2
74.0
74.1
74.5
74.7
54.0
54.3
54.6
54.9
55.2
55.4
55.7
56.0
56.2
56.5
56.8
57.1
74.7
74.8
75.1
75.3
75.6
57.4
57.7
58.0
58.3
58.6
.6
.6
.6
.6
.6
23.0
19.6
19.0
18.7
19.5
19.1
18.6
18.0
18.0
17.6
17.2
17.0
17.1
17.0
16.8
16.6
16.6
16.5
I6 .4
.6
.6
.6
.6
.6
.6
jj/
6/
2/
11.2
10.8
11.0
10.5
10.3
9.6
9.5
8.6
8.6
8.1
8.0
7.7
7.1
6.8
7.0
6.6
6.6
6.5
6.5
6.5
6.4
6.3
6.2
6.1
6.0
6.1
5.9
6.1
6.0
6.1
5.8
5.9
5.7
5.7
6.1
6.2
6 .0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.1
4.1
3.9
3.6
3.3
2.9
2.9
2.8
8 .8
9.4
9.6
10.4
18.8
19.9
18.6
21.5
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
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
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
14.2
14.9
24.5
24.3
11.0
12.2
23.6
24.1
13.0
14.2
12.6
11.7
10.0
9.4
2.7
2.6
2.8
2.7
2.7
2.6
10.1
12.4
11.8
12.1
11.6
10.5
11.3
10.3
10.0
9.5
8.9
10.4
12.0
11.7
2.6
2..6
2.5
2.5
2.4
12.3
12.7
13.0
12.5
13.3
2.9
2.7
2.7
2.7
2.7
2.7
2.8
2.7
.4
6.7
6.3
8.7
20.1
9.8
9.6
9.5
9.5
9.2
8.7
8.5
8.3
State
and
local
govern
ments
Corpora
tions j j
11.1
11.8
11.6
24.1
20.5
46.0
Source:
Office of Debt Analysis in the Office of the Secretary.
X / United States savings bonds, Series A-F and J, are included at current
redemption value.
z / Consists of commercial banks, trust companies, and stock savings banks
in the United States and in Territories and island possessions. Figures
exclude securities held in trust departments.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
Mutual
sav
ings
banks
3.1
2.7
2.5
19.5
18.9
19.1
18.5
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
Insurance
companies
24.6
24.4
25.2
25.9
26.4
25.2
,
25.5
25.0
25.5
26.2
25.8
25.7
25.5
25.9
26.5
26.5
27.2
28.0
27.9
28.3
29.5
29.0
28.9
28.7
28.1
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
Other
investors
6/
.3
9.5
9*3
9.6
9.3
9.6
9.4
9.?
9.4
10.0
10.2
10.6
10.6
6.8
10.5
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.8
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
11.4
11.1
11.1
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
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
16.9
19.4
19.3
19.9
22.2
22.4
21.8
25.0
22.0
20.4
32.7
46.9
48.2
48.9
49.9
49.8
49.4
50.0
14.9
15.0
17.7
18.1
17.5
17.9
16.6
14.9
14.5
14.6
15.7
15.2
16.1
17.0
54.6
55.9
55.3
55.8
56.0
55.3
54.2
61.1
63.1
61.7
61.3
.
11.5
16.5
16.7
16.3
17.2
18.6
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 included
are certain government deposit accounts 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
72
TREASURY SURVEY OF OWNERSHIP .MAY 31, 1973
The monthly Treasury Survey of Ownership covers securi
-
19^1 Treasury Bulletin, for corporations and savings and loan
ties issued b y the United States Government, Federal agencies,
associations in the September i960 Bulletin, and for State and
Federally-sponsored agencies, and the District of Columbia.
local governments in the February 1962 Bulletin.
The bariks and insurance companies included in the Survey c ur
rently account for about 90 percent of all such securities
held b y these institutions.
Holdings by commercial banks distributed according to
The similar proportion for cor
Federal Reserve member bank classes and nonmember banks are
porations and for savings and loan associations is 50 percent,
published for June 30 and December 3 1.
and for State and local governments, 70 percent.
ate pension trust funds are published quarterly, first a p
Data were
Holdings by corpor
pearing in the March 195^ Bulletin.
first published for banks and insurance companies in the May
Table TSO-1. - Summary of Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
Me^.s-^-be^rinfi, public
debt securities:
Marketable.............
Nonmarketable 4/ .......
Special issues.........
265,919
91,185
98,327
94,374
2,056
97,821
171,544
89,129
506
2,425
45,159
39 5/
3
-
2,822
16
2,115
26
-
2,767
3
-
5,433
*
-
8,618
12
-
1,617
58
-
100,588
88,972
506
Total interest-bearing
public debt securities.
455,431
194,251
261,179
45,197
2,428
2,838
2,'141
2,770
5,433
8,630
1,675
190,066
M&^ured debt, aqd.ftflyfr
bearing no interest.....
1,908
1,908
-
-
-
-
-
-
-
-
1,908
Total public debt
securities........... .
457,338
194,251
263,087
45,197
2,428
2,838
2,141
2,770
5,433
8,630
1,675
191,974
4,481
238
4,243
756
240
115
13
172
62
281
212
2,391
Classification
5,616
commer
cial
banks
Z/
480
Insurance companies
mutual
savings
448 fire,
banks
291
casualty,
2/
life
and
marine
486
savings
464
and loan corpo
associa rations
tions
State and local
governments
189
316
pension
general and re
funds
tirement
funds
All
other
private
inves
tors 2/
Public debt issues:
Q B B S m & f o J & s m s . issues:
Regular issues.......... .
Participation
certificates
........ .
5,057
1,736
3,321
592
413
53
195
86
18
141
602
1,220
Total Government agency
securities covered in
Treasury Survey........ .
9,538
1,974
7,564
1,349
653
168
208
259
80
422
814
3,611
Nonsurveyed Government
agency securities...... .
1,503
193
1,310
Total Government agency
securities 2 / ..........
Total Federal securities..,
11,041
2,167
8,874
468,380
196,418
271,962
Footnotes at end of Table TS0-6.
July 1973
73
_ TREASURY SURVEY OF OWNERSHIIJMAY 31, 1973
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Bar values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
U.S. Govern
ment ac
outstand counts and
ing j /
Federal
Reserve
banks
Classification
5,616
cial
banks
2/
JAO
4-oU
mutual
savings
banks
2/
Insurance companies
291
life
448 fire,
casualty,
and
marine
486
savings
464
and loan corpo
associa rations
tions
State and local
governments
316
general
funds
18§
pension
and re
tirement
funds
Held by
all
other
inves
tors 2/
By type security:
Issued by U.S. Government:
Treasury bills...................
Treasury notes....................
Treasury bonds....................
102,953
117,839
45,127
33,976
47,018
13,381
6,784
32,331
6,043
208
1,480
736
102
327
2,393
159
929
1,027
373
1,606
789
2,429
1,383
1,621
4,815
2,079
1,724
208
153
1,256
53,899
30,532
16,157
Total.............................
265,919
94,374
45,159
2,425
2,822
2,115
2,767
5,433,
8,618
1,C17
100,588
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................
125,697
89,426
31,113
8,522
6,964
4,197
38,123
34,508
14,729
3,953
2,006
1,055
14,547
25,134
4,566
481
366
64
484
1,132
380
104
195
130
4,084
1,207
99
30
11
1
45,159
2,425
2,767
5,433
5,679
1,760
689
172
180
139
8,618
285
248
225
392
380
87
94,374
626
805
340
202
112
31
2,115
795
1,161
531
164
77
39
265,919
161
297
865
380
667
451
2,822
1,617
60,911
23,174
8,690
2,645
2,969
2,199
100,588
1 to 5 years......................
5 to 10 years.....................
10 to 15 years....................
15 to 20 years....................
20 years and over................
125,697
88,222
29,620
7,245
8,751
6,385
38,123
34,021
14,455
3,217
2,797
1,762
14,547
25,061
4,479
533
367
171
484
1,117
349
93
228
155
161
257
587
537
759
520
626
781
294
121
228
65
795
1,148
505
102
143
75
4,084
1,207
98
28
10
6
5,679
1,698
613
189
276
163
285
144
168
199
548
273
60,911
22r787
8,071
2,227
3,396
3,195
Total.............................
265,919
94,374
45,159
2,425
2,822
2,115
2,767
5,433
8,618
1,617
100,588
State and local
governments
Held by
all
other
inves
tors £/
Total.............................
Maturity classes (final
maturity):
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
Treasury Bills:
Regular weekly and annual maturing:
June
1973.................
July
1973..................
Aug.
1973.................
Sept.
1973.................
Oct.
1973.................
Nov.
1973.................
Dec.
1973.................
Jan.
1974..................
Feb.
1974..................
Mar.
1974..................
Apr.
1974..................
May
1974..................
Tax anticipation:
June
1973.................
Total Treasury Bills..............
Footnotes at end of Table TSO-6.
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,616
commer
cial
banks
2/
18,902
18,911
23,319
9,010
9,004
10,500
1,800
6,451
7,088
8,353
2,421
2*487
2,883
767
44
33
26
17
13
13
1
83
77
53
37
37
23
11
799
757
771
695
479
13
17
43
29
16
13
1
16
36
10
4
9
17
13
11
5
b
11
-
1,804
1,801
1,790
1,802
1,800
1,219
1,134
1,496
652
370
743
32
111
221
103
108
429
*
3
1
1
1
2,510
25
33,976
165
- 6,784
*
208
Total
amount
outstand
ing 1/
102,953
480
mutual
savings
banks
2/
448 fire,
casualty,
and
marine
291
life
486
savings
and loan
associa
tions
464
corpo
rations
216
130
428
261
169
154
4
89
16
31
10
13
-
_
-
-
11
18
4
1
9
35
102
8
159
8
908
373
2,429
(Continued on following page)
316
general
funds
189
pension
and re
tirement
funds
1,365
921
928
417
276
220
86
96
80
90
94
49
81
70
28
10
*
1
2
5
5
*
*
9,413
9,427
11,952
5,160
5,630
6,440
896
194
4,815
4
208
1,162
53,899
679
665
774
889
812
Treasury Bulletin
74
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1973__________________
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue - (Continued)
(Ear values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/
Issue
Treasury notes:
8-1/&fo
Aug.
Feb.
7-3/4
May
7-1/4
Aug.
5-5/8
6
Sept.
Nov.
5-3/4
Dec.
5-7/8
Feb.,
5-3/4
5-7/8
Feb.
5-7/8
May
6
May
5-7/8
Aug.
Nov.
7
5-7/8
Feb.
Feb.
6-1/4
May
5-3/4
6-1/2
May
6-1/2
Aug.
Aug.
7-1/2
Nov.
6-1/4
8
Feb.
Aug.
7-3/4
Feb.
6-1/4
6
Nov.
Aug.
6-1/4
6-5/8
Nov.
May
6-7/8
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.
Total Treasury note3...
Treasury bonds:
IS
Aug.
Nov.
4-1/8
Feb.
4-1/3
May
4-1/4
3-7/8
Nov.
May
4-1/4
June
3-1/4
Feb.
4
Nov.
3-1/2
Aug.
7
6-3/8
Feb.
Aug.
6-3/8
May_
3-1/4
6-1/8
NovT
Aug.
4-1/4
Feb.
4 ,
May
4-1/8
Feb.
3-1/2
Feb.
6-3/4
7
May
Feb.
3
Nov.
>1/2
1973-B....
1974-C....
1974-D....
1974-B....
1974-E....
1974-A....
1974-F....
1975-A....
1975-E....
1975-F....
1975-B....
1975-C....
1975-D....
1976-F....
1976-A....
1976-E....
1976-B ....
1976-G ....
1976-C....
1976-D....
1977-A....
1977-B ....
1978-A....
1978-B ....
1979-A....
1979-B ....
1980-A ....
1973-EO___
1974-EA___
1974-EO___
1975-EA....
1975-EO___
1976-EA....
1976-EO___
1977-EA___
1977-EO___
1978-EA....
1973......
1973......
1974......
1974......
1974......
1975-85....
1978-83....
1980......
1980......
1981......
1982......
1984......
1985......
1936......
1987-92___
1988-93___
1989-94___
1990......
1993......
1993-98....
1995......
1993......
1,839
2,960
4,334
10,284
2,060
5,442
2,102
4,015
1,222
1,776
6,760
7,679
3,115
4,945
3,739
2,802
2,697
3,883
4,194
4,325
5,163
2,264
8,339
8,207
4,559
1,604
7,265
30
34
42
8
30
27
11
5
17
14
117,839
3,8-94
4,337
2,467
2,850
1,214
1,204
1,494
2,578
1,898
807
2,702
2,353
978
1,216
3,733
237
1,497
4,148
627
692
921
3,276
U. S. Govern
ment ac
counts and
Federal
Reserve
banks
331
326
1,001
5,818
76
2,203
53
1,519
100
77
4,491
2,670
763
1,148
2,867
568
790
1,571
1,615
295
3,048
825
3,383
3,621
1,724
821
5,313
-
2
-
-
47,018
736
685
555
511
142
487
274
855
749
407
965
1,359 '
224
874
1,427
70
567
1,140
160
140
152
903
Insurance companies
5,616
dal
banks
2/
mutual
savings
banks
2/
291
life
1
3
1
8
3
6
2
6
1
*
12
15
10
73
4
1
3
1
3
39
3
7
41
44
18
*
10
448 fire,
casualty,
and
marine
20
27
35
77
2
27
13
48
3
2
61
39
39
34
12
46
70
11
52
19
28
36
96
36
32
17
12
6
8
5
2
11
*
1
486.
savings
464
and loan corpo
associa rations
tions
709
1,293
1,903
2,058
1,133
1,292
1,239
1,070
686
880
779
2,793
1,061
2,082
337
1,278
610
1,248
1,014
1,933
843
532
1,917
1,923
830
183
673
3
6
3
2
1
*
6
*
1
32,331
3
*
1
*
*
*
_
1,480
4
*
1
6
*
*•
*
327
*
929
1,087
1,266
758
734
263
74
37
145
117
43
561
236
46
90
106
2
27
137
121
30
19
45
31
40
32
32
5
14
31
41
32
14
34
20
16
11
53
4
6
146
25
18
12
118
16
15
11
8
12
39
278
121
372
3
19
22
189
9
131
29
56
554
45
12
24
427
96
134
77
63
48
24
46
67
57
5
66
13
34
5
147
3
33
71
6
1
10
21
15
11
50
1
93
9
34
35
6
2
7
32
33
60
44
134
29
56
32
45
8
34
33
76
45
83
9
31
55
53
62
58
85
50
130
59
61
5
104
-
-
13
45
51
139
31
41
40
59
14
26
46
123
24
94
15
32
25
32
13
32
23
25
216
191
57
7
129
1
1
_
2
2
_
1
1,606
68
87
79
79
35
13
27
67
33
-
27
63
107
139
70
127
131
65
28
28
10
89
31
166
25
7
10
29
10
19
40
12
43
16
35
10
12
4
7
13
*
1
*
*
2
2
1,383
State and local
ffovernments
Held by
all
189
pension
316
general and re
tirement
funds
funds
inves
tors 2/
18
107
79
172
123
86
75
120
92
56
120
65
50
154
17
19
'48
63
30
151
63
32
72
140
52
5
71
_
*
_
2
2
5
11
*
6
4
16
3
*
14
4
3
6
1
2
3
2
4
*
. 4
13
27
7
8
_
8
_
_
-
_
*
■
*
_
2,079
153
635
1,030
1,102
1,728
593
1,599
512
1,067
237
673
1,194
1,799
1,039
1,107
452
817
1,034
868
1,392
1,727
1,029
731
2,466
2,170
1,742
550
934
16
3
18
3
17
17
*
2
13
14
30,532
*
1
5
5
*
*
217
221
104
118
91
62
75
206
110
4
26
29
16
7
114
6
'16
145
11
8
46
93
14
9
21
24
22
104
56
95
39
1
10
10
28
*
341
13
162
160
35
24
30
57
1,248
1,346
603
930
437
387
619
981
383
330
982
630
375
216
1,321
102
595
1,759
214
402
619
1,579
379
533
228
301
110
1
1
1
1
_
24
23
*
3
4
_
_
_
-
Total Treasury bonds...,
45,127
13,381
6,043
736
2,393
1,027
739
1,621
1,724
1,256
16,157
Total marketable public
debt securities...... .
265,919
94,374
45,159
2,425
2,322
2,115
2,767
5,433
8,613
1,617
100,588
Footnotes at end of Table TSO-6.
July 1973
75
.TREASURY SURVEY OF OWNERSHIP.MAY 31, 1973,
Table TSO-4. - Interest-Bearing Nonmarketable Public Debt Securities by Type
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Type
U.S. savings bonds;
Series E .............................
Total U.S. savings Bonds............
Other U.S. securities:
Certificates of indebtedness:
Foreign Series.....................
Foreign Currency Serie3...........
Treasury certificates...............................
Treasury notes:
Foreign Series ..........................................
Foreign Currency Series .......................
Othe- ............................................................
Depositary bonds ..........................................
Treasury bonds:
R.E.A. Series ............................................
Investment Series ...................................
Other ............................................................
State and Local Government Series:
Certificates of indebtedness.............
Treasury notes ...............*........................
Treasury bonds .........................................
TotaD
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,616
commer
cial
banks
2/
480
mutual
savings
banks
2/
Insurance companies
291
life
448 fire,
casualty,
and
marine
486
savings
and loan
associa
tions
*
State and local
governments
189 pen
(Corpo 316
sion and
rations general retire
funds
ment funds
Held by
all
other
inves
tors 2/
51,53?
7,593
*
*
-
-
*
-
*
*
*
*
•*
*
_
*
51,538
7,592
59,133
*
-
-
*
1
*
*
*
X
59,131
12,133
187
387
-
-
-
-
-
-
_
_
-
* _
-
_
_
_
12,138
187
387
14,456
1,556
22
-
-
-
-
-
-
-
_
_
14,456
1,556
22
20
8
2,277
250
20 V
-
-
-
-
2,056
19
16
25
-
3
-
-
-
-
*
-
11
-
3
58
8
85
250
-
-
-
-
-
_
-
-
_
-
_
_
_
-
31
59
76
63
523
-
-
_
_
_
Total othe^ U.S. securities.......................
31
59
76
63
523
32,052
2,056
39 i /
3
16
25
3
*
11
58
29,841
Total nonmarketable public
debt securities............................................
91,185
2,056
39_ J/
3
16
26
3
*
12
58
88,972
Table TSO-5. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Type
Ext>or b-Inrpor fa Bank:
5 7 3 0 1 Feb! 1975 (Debentures).
5,70
Dec. 1976 (Debentures).
6-1/<4 Aug. 1977 (Debentures).
6.45
Feb. 1978 (Debentures).
6.60
May
1979 (Debentures).
Issues to State and Local Govts.
(Mtg. Jacked Bonds) 8/........
Participation certificates......
Total............................
Federal Housing Administration;
(Debentures)............ .........
Government National Mortgage
Association:
Participation cer tificates....
Posta^Seivicej.
6-7/8% Feb. 1982-97 (Bonds)...
Tennessee Valiev Authority:
ShorUterm notes................
8%
June 1974 (Bonds)
June 1975 (Bonds)
8— 3/4
July
1976 (Bonds)
7-1/4
Nov. 1985 (Bonds)
4.40
4-5/8
July 1986 (Bonds)
4-1/2
Feb. 1987 (Bonds)
5.70
May
1992 (Bonds)
6-3/8
Nov. 1992 (Bonds)
Oct. 1994 (Bonds)
8-1/4
Mar. 1995 (Bonds)
9
June 1995 (Bonds)
9-1/4
7.30
Oct. 1996 (Bonds)
Jan. 1997 (Bonds)
7
May
7.35
1997 (Bonds)
July 1997 (Bonds)
7.35
7.40
Oct. 1997 (Bonds)
Jan. 1998 (Bonds)
7.35
Apr. 1998 (Bonds)
7.35
Total.
Total Government agency securities
covered in survey.............
Footnotes at end of Table TS0-6.
Total
amount
outstand
ing 1 / 2 /
300
300
400
300
200
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
24
19
22
30
commer
cial
banks
Z/
480
mutual
savings
banks
2/
Insurance companies
casualty,
and
marine
*
*
1
*
*
13
32
46
5
1
3
4
38
5
12
23
14
5
24
_
5
143
38
448 fire,
291
life
*
9
State and local
governments
464
189 pen
corpo 33.6
sion and
rations general retire
funds
ment funds
486
savings
and loan
associa
tions
Held by
all
other
inves
tors 2/
123
110
114
134
75
2
5
11
8
10
-
_
14
50
_
9
22
11
«.
12
79
259
14
110
5,5
259
79
835
-
*
_
_
_
-
123
102
208
88
55
2,220
95
_
145
702
413
59
37
37
73
5
17
-
1
60
124
4,480
1,735
448
400
40
183
74
13
104
523
960
250
14
12
22
4
1
1
6
5
7
178
400
68
-
89
6
3
13
2
*
*
1
1
*
1
*
1
6
4
3
4
3
14
151
_
7
4
7
1
*
*
2
4
2
9
3
15
15
18
16
22
13
6
_
_
1
*
*
*
*
-
19
25
*
5
4
11
2
1
1
*
_
3
_
-
_
145
29
1,349
653
168
143
577
100
50
100
50
50
45
70
60
100
100
50
150
150
150
150
150
100
150
2,175
9.538
-
1
-
-
3
-
-
71
1
-
1
5
3
3
2
*
1
1
*
1
3
2
2
5
1
*
-
1
1
-
*
2
-
1
1
10
9
7
4
_
_
-
*
-
_
_
2
*
3
2
_
_
*
_
_
_
1
3
_
*
_
_
2
219
57
31
78
10
16
15
50
48
81
*
*
29
30
24
12
6
13
5
*
3
2
7
1
5
1
5
46
126
121
110
118
105
75
-123
84
-
2
-
6
57
6
53
144
1,513
208
259
80
422
814
3,611
-
Treasury Bulletin
76
.TREASURY SURVEY OF OWNERSHIP«MAY 31, 1973.
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
(Par values - in millions of dollars)
Held by investors covered in Treasuiy Gurvey
Issue
Banks for cooperatives:
5.30$ June 1973 (Debentures)...
July 1973 (Debentures)...
5.60
Aug. 1973 (Debentures)..,
5.95
Oct. 1973 (Debentures)..,
6.95
7.30
Oct. 1973 (Debentures)..,
Nov. 1973 (Debentures)...
6.34
Total.
Fanner Home Administration:
8-7/8$ Jan. 1975 (Insured notes),
6-5/8 Aug. 1976 (Insured notes),
6.35 Mar. 1977 (Insured notes),
June 1977 (insured notes),
6.45
6-7/8 Aug. 1977 (Insured notes).
6.55
Dec. 1977 (Insured notes),
7.20 Mar. 1978 (Insured notes),
1978 (Insured notes),
May
7-1/4
8.90
1980 (Insured notes),
Jan
7
Nov. 1980 (Insured notes),
6.40 Mar. 1981 (Insured notes),
7-7/8 June 1981 (Insured notes),
7.10
Jan. 1982 (Insured notes),
8-5/8 July 1985 (Insured notes),
7-1/2 Aug. 1986 (Insured notes),
7-1/8 Dec. 1987 (Insured notes),
7-1/2 Mar. 1988 (Insured notes),
7-1/2 May
1988 (Insured notes).
Total.
federal
7.20$
5.55
8.40
7.10
8.40
6.35
6.45
5-3/8
7.65
7.05
8
5-7/8
6.10
7.15
8.05
7.95
6-1/2
7.05
7-3/8
6.95
7.15
6.75
7.75
7.80
6.60
7.30
6.70
Home Loan Banks:
Aug. 1973 (Bonds).
Bonds).
Nov. 1973
Bonds).
Jan. 1974
Feb. 1974
Bonds).
Feb. 1974
Bonds).
Bonds).
May
1974
May
Bonds).
1974
Aug. 1974
Bonds).
Bonds).
Aug. 1974
Bonds).
Nov. 1974
Bonds).
Nov. 1974
Feb. 1975
Bonds).
Feb. 1975
Bonds).
May
1975
May
Bonds).
1975
Aug. 1975
Bonds).
Bonds).
Nov. 1975
Nov. 1975
Bonds).
Feb. 1976
Bonds).
May
1977
Bonds).
Aug. 1977
Bonds).
Nov. 1977
Feb. 1980
Bonds).......
Bonds).......
Oct. 1980
Bonds).......
Nov. 1981
Bonds).......
May
1983
Nov. 1973 FHLMC 10/
(Mtg. Backed Bonds).,
5.30
Aug, 1974 FHIMC 10/
(Mtg. Backed Bonds).,
7.05
Aug. 1976 FHIMC 10/
(Mtg. Backed Bonds).,
6.15
Feb. 1977 FHIMC 10/
(Mtg. Backed Bonds).,
8.60
Nov. 1976-95 FHIMC IQ/
(Mfcg. Backed Bonds).,
7.75
Aug. 1977-96 FHIMC 10/
(Mfcg. Backed Bonds).,
7.15
May
1982-97 FHIMC 10/
(Mtg. Backed Bonds).,
Issues to State and Local Govts.
FHIMC 8/ 10/ (Mfcg. Backed Bonds),
Total...........................
Federal Intermediate Credit Banka;
5$
June 1973 (Debentures).
5.60
July 1973 (Debentures).
7-3/4 July 1973 (Debentures).
5.65
Aug. 1973 (Debentures).
5.45
Sept. 1973 (Debentures).
5.70
Oct. 1973 (Debentures),
6
Nov. 1973 (Debentures).
6.15
Dec. 1973 (Debentures).
Footnotes at end of table.
Total
amount
outstand
ing
482 2/
443
576 2/
555 2/
100
236
2,392 2/
200
150
400
300
400
403
300
301
150
300
200
250
350
300
150
200
201
200
U.o. Govern
ment ac
counts and
Federal
Reserve
banks
5,616
commer
cial
banks
2/
480
mutual
savings
banks
2/
-
146
89
94
68
49
21
-
467
4
15
19
26
3
4
71
30
77
92
113
141
119
85
86
8
68
67
51
78
14
8
30
11
10
7
7
29
23
41
33
14
1
2
23
12
41
34
21
20
30
34
5
1,088
376
-
_
-
4,755
11
3
2
3
_
4
8
*
3
2
36
450
600
300
300
250
300
700
400
178
1,000
222
400
250
700
265
300
350
600
300
200
300
300
350
200
200
200
17
3
5
8
8
2
2
14
8
6
2
30
9
8
-
Insurance companies
291
life
.
-
*
448 fire,
casualty,
and
marine
.
1
1
-
-
*
*
1
1
1
2
4
2
1
1
2
6
5
4
1
2
3
3
38
8
*
3
2
3
1
1
*
11
6
7
3
2
3
4
1
57
2
139
142
27
74
45
98 163
79
21
227
31
166
60
217
47
56
105
177
79
48
104
85
46
34
63
11
17
25
11
12
26
18
17
20
12
20
4
22
10
33
21
25
25
6
13
17
8
6
27
20
15
16
1
*
_
_
6
*
*
1
*
1
*
1
*
_
1
*
1
*
*
1
3
1
1
1
1
1
1
2
5
1
11
*
3
1
*
*
.1
3
2
2
1
1
43
12
-
*
1
*
_
-
486
464
savings
and loan corpo
associa rations
tions
Jtate and local
governments
189
316
pension
general and re
tirement
funds
funds
40
37
70
42
103
3
41
295
5
23
8
3
6
5
1
2
46
28
10
10
24
2
14
8
59
2
.
5
_
6
2
-
252
15
19
25
14
6
182
12
5
11
11
2
-
.
1
4
-
Held by
all
other
inves
tors 2/
268
244
384
330
34
167
6
1,427
8
2
9
26
15
6
11
4
16
30
4
4
15
55
4
7
1
2
4
_
1
1
1
_
22
12
8
9
4
39
44
38
43
7
138
58
231
127
189
232
180
207
82
110
64
128
197
138
66
80
100
115
15
218
232
2,442
34
43
13
19
30
27
81
44
27
169
23
29
30
39
33
21
57
80
34
14
13
16
16
7
2
*
2
_
4
3
3
10
13
6
6
2
25
1
7
18
*
5
10
4
2
1
26
95
2
3
10
6
38
60
5
38
5
36
2
34
2
4
4
48
_
1
13
,6
13
2
3
15
8
2
10
*
*
_
_
_
_
_
3
_
_
1
_
_
1
*
_
_
2•
1
3
214
291
236
181
134
143
388
180
112
538
159
138
135
349
151
179
141
270
168
116
156
172
210
125
106
153
150
-
200
-
73
3
-
-
11
5
9
-
96
400
-
157
1
-
-
22
-
*
-
220
10
-
182
4
98
-
13
94
98
350
-
88
12
2
1
44
11
140
-
2
18
3
1
12
2
150
-
3
14
14
9
3
-
1
1
150
-
3
10
3
-
5
30
394
-
-
-
-
-
-
-
-
11,549
122
2,711
517
31
53
1,007
141
394
897
112
107
44
145
98
154
119
86
13
11
8
16
17
22
34
12
2
1
1
1
2
2
1
2
14
15
9
26
26
40
33
21
6
5
3
12
11
13
18
18
45
14
12
70
87
68
32
45
508
382
200
540
561
606
560
530
2/
2/
2/
2/
2/
2/
2/
2/
-
2
5
-
—
(Continued on following page)
*
_
1
_
_
*
60
*
—
*
-
75
6,009
316
229
123
268
315
308
323
347
77
July 1973
_ TREASURY SURVEY OP OWNERSHIP, MAY 31, 1973________
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia - (Continued)
(Par values - in millions of dollarsj
Held by investors covered in Treasury Survey
Total
U.S. Govern
amount
ment ac
outstand counts and
Federal
ing
Reserve
banks
Issue
5,616
commer
cial
banks
2j
480
mutual
savings
banks
2/
Insurance companies
291
life
448 fire,
casualty,
and
marine
486
savings
464
and loan corpo
associa rations
tions
State arid local
governments
189
pension
316
general and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
Federal Intermediate Credit Banks
6.85% Jan. 1974
7
Jan. 1974
6.90
Feb. 1974
5.95
Jan. 1975
6*05
5.70
July 1975
Jan. 1976
6.65
(Debentures)....
(Debentures)....
(Debentures)....
(Debentures)....
(Debentures)....
(Debentures)....
Total.
Federal.. .and. Banks:
4.1/8%
Feb.
1973- 78
July
7.95
1973
8.45
July
1973
5.80
Oct.
1973
7.80
Oct.
1973
Jan.
5.55
1974
4-1/2
Feb.
1974
Apr.
5.85
1974
7.30
Apr.
1974
5.85
July
1974
5.30
Oct.
1974
Jan.
7.15
1975
Jan*
8-3/8
1975
Apr.
1975
4-3/8
5.70
July
1975
7.20
Oct.
1975
Jan.
1976
6.25
1976
5
Feb.
Apr.
1976
6-1/4
July
1976
5-3/8
1976
7.15
Oct.
6.35
Oct.
1977
5-1/8
1978
Apr.
1978
6.40
July
Jan.
5
1979
Apr.
6.85
1979
6*80
Oct.
1979
6.70
1980
Jan.
6.70
1981
Apr.
6.90
Apr.
1982
Oct.
1982
7.30
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)*..
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
(Bonds)...
Total.
Eederal Nat.ion^.Mortgage
Association:
Discount notes,
June
1973 (Debentures)..
4-1/4%
June
6.75
1973 (Debentures)..
June
8.35
1973 (Debentures)..
6-1/8
Sept. 1973 (Debentures)..
8.10
Sept. 1973 (Debentures)..
Dec.
1973 (Debentures)..
5-3/4
Dec.
7.15
1973 (Debentures)..
Mar.
5.45
1974 (Debentures)..
Mar.
1974 (Debentures)..
7-3/4
5.70
June
1974 (Debentures)..
7.90
June
1974 (Debentures)..
Sept. 1974 (Debentures)..
5.65
Sept. 1974 (Debentures)..
7.85
6.10
Dec.
1974 (Debentures)..
Dec.
6.45
1974 (Debentures)..
Mar.
6.35
1975 (Debentures).*
Mar.
7.55
1975 (Debentures)..
June
1975 (Debentures)..
5-1/4
6.80
Sept. 1975 (Debentures)..
7.50
Sept. 1975 (Debentures)..
5.70
Dec.
1975 (Debentures)..
Mar.
1976 (Debentures)..
5.65
June
1976 (Debentures)..
5.85
6.70
June
1976 (Debentures)..
5.85
Sept. 1976 (Debentures)..
6-1/8
Sept. 1976 (Debentures)..
Dec.
1976 (Debentures)..
6.25
Dec.
1976 (Debentures)..
7.45
4-1/2
Feb.
1977 (Debentures)..
6.30
Mar.
1977 (Debentures)..
6.50
June
1977 (Debentures)..
6-3/8
June
1977 (Debentures)..
6—7/8
Sept. 1977 (Debentures)..
Dec.
1978 (Debentures)..
6.75
6.40
Sept. 1979 (Debentures)..
Dec.
6.55
1979 (Debentures)..
212
661
697
224
240
302
262
6,486
148
350
198
462
300
450
155
350
354
326
300
300
220
200
425
300
300
123
373
150
450
300
150
269
507
235
400
300
224
200
239
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
_
72
100
74
62
101
115
78
19
26
15
12
4
10
18
1,468
237
16
_
2
2
10
8
1
3
-
36
97
29
96
62
76
14
83
99
161
95
77
24
27
129
60
85
13
113
9
135
106
21
93
52
45
146
102
51
28
39
7
18
3
21
20
12
5
16
15
9
6
8
16
8
13
14
19
5
10
4
18
8
2
15
17
28
46
18
17
29
9
_
_
_
*
3
1
_
*
2
3
1
1
1
2
1
*
1
2
1
1
6
*
1
2
*
141
2,204
435
_
9
10
20
5
41
44
13
29
33
19
6
45
33
39
13
28
8
15
4
_
7
26
_
16
_
2
_
4
36
44
10
142
15
126
56
92
57
193
118
129
81
103
90
86
33
109
182
220
94
133
125
66
140
118
111
38
165
95
154
52
15
123
53
74
66
109
119
115
24
6
19
31
21
24
13
24
16
17
4
33
11
12
12
23
35
15
17
26
24
20
20
12
33
28
19
18
28
10
-32
12
12
15
19
26
53
_
_
10
17
-
2/
9,058 2/
1,568
146
550
350
350
300
500
500
400
350
350
400
300
250
250
450
600
300
•500
650
350
500
500
450
250
500
300
500
300
198
500
150
250
300
300
300
350
_
6
_
2
2
10
_
2
21
27
17
_
_
7
4
-
1
1
1
2
1
*
3
20
309
*
3
10
*
1
11
1
2
1
7
*
4
*
6
3
3
3
2
1
1
3
1
3
7
10
13
2
4
1
2
*
-
5
14
1
18
5
53
4
30
16
9
20
9
10
9
62
9
19
3
28
1
7
11
1
6
12
1
1
5
7
4
1
34
106
,381
3
1
*
_
•*
_
*
*
4
1
5
3
4
4
1
*
1
6
4
*
2
2
4
8
*
3
3
3
*
3
2
1
2
*
*
1
4
5
*
1
13
7
1
3
18
8
50
34
16
24
33
22
26
23
27
33
27
15
19
21
39
22
100
51
29
54
89
66
40
61
29
58
12
14
59
12
17
20
7
19
13
*
2
_
1
4
5
-
_
_
_
*
_
1
1
*
1
1
1
*
*
-
2
7
•*
_
*
*
1
1
11
16
8
27
14
26
25
1
8
52
67
5
6
7
13
3
10
1
100
531
2
_
_
1
1
13
8
11
_
2
4
45
4
9
10
-L
2
*
23
_
20
5
15
2
2
_
3
183
2
14
4
94
2
14
10
48
10
10
13
10
10
35
10
7
*
7
10
8
22
8
16
7
29
5
13
8
7
_
15
446
7
4
4
12
950
9
51
46
7
29
23
41
8
*
7
25
7
3
6
6
2
29
6
3
4
6
6
3
3
6
10
8
3
6
5
*
3
3
6
3
-
2
1
19
10
6
2
12
6
5
_
_
_
7
-
20
1
10
2
6
3
18
5
35
2
-
2
*
_
-
_
2
2
*
_
*
4
_
_
1
*
2
_
3
101
464
530
114
104
131
125
3,797
6
2
_
6
*
2
_
*•
2
*
*
2
87
190
160
229
196
271
105
159
187
108
140
151
149
105
207
199
160
89
208
117
241
147
99
115
375
139
165
160
137
135
170
32
5,096
12
2
_
3
10
*
2
_
*
411
99
288
152
188
146
174
237
202
197
157
190
161
176
102
169
262
97
219
441
195
251
247
242
-
5
_
4
-
2
*
*
*
•
*
-
*
*
*
8
*
*
-
1:5
225
121
259
186
115
269
38
138
147
106
130
156
Treasury Bulletin
78
.TREASURY SURVEY OP OWNERSHIP, MAY 31, 1973________
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia - (Continued)
(Par values - in millions of dollars;
Held by investors covered in Treasury Survey
Total
U.S. Govern
ment ac
amount
outstand counts and
Federal
ing
Reserve
banks
Issue
Federal National Mortgage Association
(Continued):
(Debentures).
6-7/8% Mar. 1980
(Debentures).
Dec. 1980
6.60
1981
(Debentures).
Mar.
7.05
(Debentures).
June 1981
7-0/4
(Debentures).
Sept. 1981
7-1/4
(Debentures).
June 1982
6.65
(Debentures).
6.80
Sept. 1982
(Debentures).
June 1983
6.75
(Debentures).
Sept. 1983
6.75
(Debentures).
June 1984
6-1/4
(Debentures).
Dec. 1984
6.90
Mar. 1992
(Debentures).
7
(Debentures).
June 1992
7.05
7.10
Dec. 1982-97 (Debentures).
(Capital
6
Oct. 1973
Debentures).
(Capital
8
Apr. 1975
Debentures).
(Capital
Oct. 1966
4-3/8
Debentures).
Oct. 1982-97 (Capital'
7.40
Debentures).
June 1975
(Mbg. Backed
8-3/8
Bonds).....
8-5/8
Oct. 1980-90 (Mfcg. Backed
Bonds).....
Issues to State and Local Governments
(Mbg. Backed Bonds 8 /
Total.,
District of Columbia:
Dec. 1970-79
4.20$
2/
(Bonds)....
5,616
commer
cial
banks
2J
480
mutual
savings
banks
2J
Insurance companies
291
life
488 fire,
casualty,
and
marine
486
savings
464
and loan corpo
associa rations
tions
State and local
governments
189
316
pension
general and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
250
300
350
250
250
250
200
200
250
200
250
200
200
200
8
17
27
9
6
14
40
13
38
17
6
-
65
99
66
47
43
53
55
36
46
47
19
16
24
12
32
33
29
18
46
37
19
15
31
20
25
36
12
23
1
1
*
*
*
3
6
2
*
2
1
9
4
3
2
1
1
2
1
2
1
1
2
1
*
6
3
1
9
‘9
10
5
12
8
14
14
5
11
10
3
2
5
2
1
5
4
8
7
-
1
8
3
*
2
1
13
2
1
3
2
1
3
1
1
9
2
3
*
*
3
*
6
17
19
132
150
248
146
117
134
99
108
121
94
151
107
118
127
250
1
73
20
*
*
23
4
8
-
122
200
-
34
11
-
*
18
-
22
-
114
214
136
248
-
8
3
1
4
13
5
-
*
250
4
28
61
4
*
5
1
*
10
250
_
33
9
2
2
12
3
74
13
103
200
12
6
23
1
5
9
-
3
22
119
416
4,605
1,266
55
135
1,402
249
416
20,226
771
1,898
156
9,689
20
-
*
3
*
1
5
-
1
2
7
Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitations, see Table FD-9.
2 / Excludes trust departments.
2 / Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
Jt/ 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.
Sj
Includes $11 million depositary bonds held by commercial banks not in
cluded in the Treasury Survey.
Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
2/ Includes matured securities outstanding on which interest has ceased.
8/ Direct placements with State and Local Governments with various
interest rates and Maturity dates.
2 / Includes securities issued for use as collateral for short-term
borrowings.
10/ Obligation of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks. * Less than $500,000.
6/
July 1973
79
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 29, 1973
The securities listed include all regularly quoted public
marketable securities issued by the United States Treas
ury. Securities issued by Federal agencies and guaranteed
b y the United States Government are excluded.
Current market quotations shown here are over-thecounter cl o s i n g bi d q u o t a t i o n s in the New York market
for the last t r a d i n g da y of the month, as reported bo
the Treasury b y ‘th e F e d e r a l R e s e r v e Bank of New York.
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13 -week
$2,4-01
2,401
2,402
2,399
2,501
2,504
2,501
2,501
2,502
2,501
2,501
2,501
2,503
Bank discount
Issue date
Change from
last month
9 -month
one-year
9 -month
one-year
$501
$1,201
1,803
1,801
1,802
1,802
10/31/72
7/31/72
8/31/72
9/30/72
10/31/72
11/30/72
7/31/73
8/28/73
9/25/73
10/23/73
11/20/73
12/31/72
1/31/73
2/28/73
3/31/73
4/30/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
26-week
$1,901
1,902
1,902
1,901
1,801
4/5/73
4/12/73
4/19/73
4/26/73
5/3/73
5/10/73
5/17/73
5/24/73
5/31/73
6/7/73
1/4/73
1/11/73
1/18/73
1/25/73
2/1/73
7/5/73
7/12/7,3
'7/19/73
7/26/73
8/2/73
^.19%
7.72
7.52
7.50
7.45
+1.50%
+1.03
+ .82
+ .82
+ .62
2/8/73
2/15/73
2/22/73
3/1/73
3/8/73
3/15/73
3/22/73
3/29/73
4/5/73
4/12/73
8/9/73
8/16/73
8/23/73
8/30/73
9/6/73
9/13/73
9/20/73
9/27/73
10/4/73
10/11/73
10/18/73
10/25/73
11/1/73
11/8/73
11/15/73
7.46
7.46
7.48
7.48
7.48
7.50
7.50
7.52
7.52
7.55
7.56
7.56
7.55
7.55
7.54
7.57
7.59
7.60
7.60
7.61
7.64
+
+
+
+
+
.62
.59
.56
.56
.52
+
+
+
+
+
.54
.54
.57
.58
.60
+
+
+
+
+
+
+
.61
.61
.60
.60
.58
.60
.60
1,801
1,799
1,801
1,802
1,693
1,701
1,702
1,707
1,701
1,701
1,701
Bank discount
Maturity
date
Bid
13 -week
6/14/73
6/21/73
6/28/73
Issue date
Maturity
date
26-week
1,801
1,803
1,801
1,800
1,801
1,801
1,801
1,807
1,801
1,801
Amount outstanding
(millions)
4/19/73
4/26/73
5/3/73
5/10/73
5/17/73
5/24/73
5/31/73
6/7/73
6/14/73
6/21/73
6/28/73
11/23/73
11/29/73
12/6/73
12/13/73
12/20/73
12/27/73
1,800
1,804
1,801
1,790
1,802
1,801
5/31/73
Bid
7.50%
7.42
7.47
7.50
7.41
7.48
7.50
7,50
7.51
7.45
7.52
7.56
Change from
last month
+
+
+
+
+
.82%
.51
.52
.77
.77
- +
+
+
+
+
+
.90
.68
.61
.63
.57
.62
-
_
_
_
Table MQ-2. - Treasury Notes
(Price decimals are 32nds)
Yield
Price
Amount
outstanding
(millions)
Description
$ 1,839
8- 1/8
2,960
7-3/4
7-1/4
5-5/8
4,334
10,284
2,060
2,102
5,442
4,015
1,^22
6,760
1,776
7,679
3,115
3,739
4,945
2,697
2,802
4,194
3,883
4,325
5,163
2,264
8,389
8,207
4,559
1,604
7,265
30
34
42
8
30
27
11
5
17
15
6
5-7/8
5-3/4
5-3/4
5-7/8
6
5-7/8
5-7/8
7
6-1/4
5-7/8
6- 1/2
5-3/4
7-1/2
6- 1/2
6-1/4
8
7-3/4
6-1/4
6
6-1/4
6-5/8
6-7/8
1- 1/2
1- 1/2
1- 1/2
1- 1 /2
1- 1/2
1- 1 /2
1- 1/2
1- 1/2
1- 1/2
1- 1 /2
_
_
_
-
_
«
_
_
_
_
_
_
_
_
_
_
Bid
Change
from last
month
-
.05^
.15
.15
.17
.19
.17
.19
.09
.13
.07
7.62%
7.91
7.78
7.79
7.63
7.52
7.56
7.33
7,35 7.00
.12
.21
.22
.21
.23
.24
.26
6.99
.24
.17
.18
6.88
97.15
96.01
97.10
-
7.26
7.23
7.09
7.07
7.15
7.01
7.13
7.07
7.07
7.08
8/15/73-B
2/15/74-C
5/15/74-D
8/15/74-B
9/30/74-E
100.01
12/31/74-F
11/15/74-A
2/15/75-A
2/15/75-E
5/15/75-B
97.23
97.22
97.20
97.25
98.09
97.20
97.12
99.26
99.29
99.18
97.23
98.03
-
5/15/75-F
8/15/75-C
11/15/75-D
2/15/76-A
2/15/76-F
5/15/76-B
5/L5/76-E
8/15/76-C
8/15/76-G
11/15/76-D
2/15/77-A
8/15/77-B
2/15/78-A
11/15/78-B
8/15/79-A
_
_
-
11/15/79-B
5/15/80-A
10/1/73-E0
4/1/74-EA
10/1/74-E0
98.30
99.00
97.22
95.12
93.08
+
+
+
4/1/75-EA
10/1/75-E0
4/1/76-EA
10/1/76-E0
4/1/77-EA
10/1/77-E0
4/1/78-EA
91.04
88.25
87.12
85.20
+
+
+
+
+
-
_
_
_
Footnotes at end of Table MQ-3.
To
maturity
98.02
97.00
98.22
96.15
101.06
98.14
97.18
103.06
103.02
84.18
82.16
80.16
.13
.13
.18
.16
.20
.04
.13
6.90
6.90
6.79
6.83
7.06
.10
11.22
.04
* 7.99
7.25
.02
.04
.09
.04
.04
.16
.02
.02
6.98
6.98
6.60
6.48
6.18
6.25
6.32
Change
from last
month
Price range since first traded 1/
+
+
+
+
+
.70%
.72
.56
.62
.57
2/15/70
8/15/70
11/15/70
8/15/68
10/19/72
+
+
+
+
+
.45
.54
12/28/72
11/15/67
2/15/68
10/22/71
5/15/68
+ .27
+ .25
+ .19
+ .25
+ .24
+ .26
+ .30
+ .22
+ .27
+ .27
+ .21
+ .19
+ .15
+ .14
+ .13
+ .02
+ .08
+1.41.
+ .46
+ .29
+
+
+
+
+
+
.24
.38
.16
.16
.33
.09
.07
.07
.06
.10
High
Issue
date
Low
Price
Date
109.12
109.13
108.12
3/22/71
3/22/71
3/21/71
3/22/71
11/16/72
12/21/72
3/22/71
3/22/71
1/14/72
3/22/71
100.01
103.28
100.20
99.30|
104.20
104.20
102.10
105.22
Price
99.29
99.18
89.14
98.01
97.23
89.22
89.18
97.25
90.00
6/29/73
12/29/69
12/29/69
6/29/73
5/18/71
6/29/73
7/28/71
7/28/71
1/30/70
3/19/73
1/30/70
6/29/73
5/4/70
3/16/73
3/16/73
5/4/70
8/17/70
8/10/71
6/29/73
3/16/73
4/3/72
2/15/71
8/15/71
2/15/69
8/15/72
101.07
105.00
106.09
106.28
100.Oli
5/30/72
3/22/71
1/14/72
3/22/71
8/9/72
97.20
95.26
99.25
91.20
5/15/69
2/15/72
10/1/69
2/15/73
9/8/71
2/15/70
8/15/70
2/15/71
11/15/71
8/15/72
107.24
3/22/71
2/17/72
3/22/71
2/15/73
12/28/71
3/22/71
3/22/71
3/22/71
1/14/72
11/15/72
92.16
96.15
97.28
2/15/73
5/15/73
10/ 1/68
4/1/69
10/1/69
4/1/70
10/1/70
4/1/71
* 10/1/71
'
4/1/72
10/1/72
4/1/73
101.00
111.28
99.26
103.27
114.08
„ 114.00
106.20
101.08
100.20
100.06
100.00
97.22
95.12
93.08
91.04
89.02
87.12
85.20
84.18
82.16
80.30
4/9/73
6/6/73
6/29/73
6/29/73
6/29/73
6/29/73
5/31/73
6/29/73
6/29/73
6/29/73
6/29/73
4/30/73
Date
6/29/73
6/29/73
6/29/73
12/29/69
2/28/73
96.26
98.12
97.16
99.31
98.28
95.11
96.01
97.04
98.12
99.00
79.04
76.00
73.30
74.26
76.16
80.02
80.26
80.02
80.16
80.16
3/16/73
6/29/73
1/30/70
1/30/70
1/30/70
5/29/70
10/30/70
6/30/71
10/29/71
4/28/72
10/31/72
6/29/73
Treasury Bulletin
80
.MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 29, 1973-
Table MQ-3. - Treasury Bonds
(Price decimals are 32nds)
Yield
Price
Amount
out
standing
(millions)
$3,894
4,336
2,467
2,850
1,214
1,204
1,492
2,577
1,898
807
2,702
2,353
974
1,216
4,135
3,732
236
627
1,494
913
692
3,259
1/
~
Description
Bid
4
£
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
4
3-1/2
7
6-3/8
6-3/8'
3-1/4
6-1/8
3-1/2
4-1/4
4
6-3/4
4-1/8
3
7
3-1/2
8/15/73
11/15/73
2/15/74
5/15/74
99.162
98.20
97.29
97.10
95.21
78.12
74.02
84.12
80.12
11/15/74
5/15/75-85
6/15/78-83
2/15/80
11/15/80
8/15/81
2/15/82
8/15/84 1/
5/15/85 2 /
11/15/86 1/
2/15/90
8/15/87-92
2/15/88-93
2/15/93
5/15/89-94
2/15/95
5/15/98
11/15/93
2/
J/
2/
2/
2/
2/
J/
2/
Change
from
last
month
+.04i
73.26
74.28
74.28
96.02
73.28
-.11
-.22
-.16
+ .06
+ .04
+ .12
-.04
-.02
-.16
-.22
-.18
-.16
-.06
-.24
-.16
73.24
93.06
73.24
-.20
-.24
-.20
101.12
96.14
95.20
74.02
93.30
Change
from
last
month
To first
call or
maturity
2/
-.04
-.06
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’
1 prices are Included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
Price range since first traded 1/
7.99%
7.94
7.64
7.50
7.27
6.96
6.90
6.99
6.95
6.78
6.93
6.95
6.40
6.82
+.65
+.59
+ .47
+ .44
+.12
+.11
-.01
+ .01
-.06
+ .02
+ .31
+.09
+ .03
6.01
6.58
6.24
7.13
6.41
5.00
7.16
5.42
2/
j/
Issue
date
9/15/63
7/22/64
1/15/65
5/15/64
12/5/57
4/5/60
5/1/53
1/23/59
10/3/60
+ .07
+ .06
+ .03
+ .03
+ .06
8/15/71
2/15/72
8/15/72
6/3/58
11/15/71
2/14/58
8/14/62
1/17/63
1/10/73
4/17/63
+ .06
+ .07
+ .06
2/15/55
5/15/73
10/3/60
High
Price
Date
Price
Date
99.30
100.01
99.28
101.07
3/22/71
11/12/64
3/22/71
1/12/64
4/22/53
5/5/61
8/4/54
5/12/61
5/12/61
85.31
85.24
84.28
84.22
12/29/69
12/29/69
12/29/69
12/29/69
12/29/69
5/26/70
5/26/70
12/29/69
5/24/70
110.24
105.28
111.28
103.18
97.24
110.02
101.14
99.24
101.04
100.20
106.26
104.10
100.11
99.22
100.26
101.12
99.18
95.14
8/28/63
32.14
66.30
62.02
71.04
66.24
99.05
96.08
95.10
61.03
93.30
59.20
63.00
62.18
96.02
61.26
6/18/55
6/8/73
5/12/61
59.20
93.06
59.20
11/15/71
3/9/72
11/15/72
6/11/58
11/5/71
4/21/58
12/26/62
1/16/63
7/28/71
6/4/73
6/4/73
5/26/70
6/29/73
5/26/70
5/26/70
5/26/70
6/29/73
5/26/70
5/26/70
6/29/73
5/26/70
On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
Included in the average yield of long berm taxable Treasury Bonds
as shown under "Average Yields of Long Term Bonds."
Y IE L D S O F T R E A S U R Y S E C U R IT IE S , JU N E 2 9 , 1 9 7 3
Si
Based on Closing Bid Quotations
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
vo
8.5
8.0
a
S
£
7.5
£>
CJ
O
H
HH
o
7.0
25
oa
§
H
6.5
co
M
O
§
►—I
H
h-t
w
5°
a:
w
K>
CD
CO
O
CO
Note: The smooth c u m is fitted b y eye. Market yields on coupon issues due in less than 3 months are excluded.
22
82
Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BONDS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Aa new
corporate
bonds 2/
Treasury
bonds 1/
Period
S. I. A.
new Aa
municipal
bonds 2/
S. I. A. I
new Aa
1I Treasury Aa new
municipal 1 bonds 1/ corporate
bonds 2/
bonds 2/ 1
Monthly series - averages of daily or weekly series
Treasury
bonds 1/
1962
Aug..............
Nov.............
May..............
June.............
Secp%............
June............
Oct.............
Period
Aa new
corporate
bonds 2/
1965
4.08
4.09
4.01
3.89
3.88
3.90
4.56
4.53
4.41
4.37
4.32
4.30
3.25
3.15
3.10
2.95
3.05
3.15
4.02 A/
3.98
3.94
3.89
3.87
3.87
4.41
4.39
4.28
4.26
4.23
4.28
3.20
3.08
3.05
2.95
2.90
3.00
3.89 4 /
3.92
3.93
3.97 y
3.97
4.00
1963
4.22
4.25
4.28
4.35
4.36
4.32
4.14
4.16
4.15
4.15
4.14 1/
4.14
4.15
4.19
4.25
4.28
4.34
4.43
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
1968
5.18
5.16
5.39
5.28
5.40
5.23 %
6.57
6.57
6.80
6.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
4.57
4.66
4.71
4.70
4.75
4.92
1966
3.20
3.15
3.30
3.3 0
3.35
3.45
5.09
5.04
5.09
5.24
5.36
5.66
6.91
6.54
6.69
6.88
7.00
7.28
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 4/
5.48
5.62
4.93
5.09
5.33
5.38
5.55
5.67.
5.81
6.04
6.14
6.04
6.11
5.98
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
5.62
5.67
5.66
5.74
5.64
5.59
5.59 4/
5.59
5.70
5.69
5.51
5.63
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
6.86
6.44 2!
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 &
5.97
9.00
8.84
9.00
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
5.96 U
6.14
6.20
6.11
6.25
6.32
1973
7.61
7.67
7.75
7.70
7.69
7.73
9.09
9.08
9.00
9.14
8.97
8.13
6.22
6.00
6.15
6.25
6.05
5.20
1969
4.15
4.14
4.18
4.20
4.16
4.13
4.50
4.39
4.45
4.48
4.48
4.50
3.08
3.05
3.15
3.18
3.15
3.20
4.40
4.47
4.45
4.51
4.76
4.86
5.53
5.35
5.55
5.59
5.90
6.06
3.40
3.50
3.50
3.55
3.83
3.90
4.13
4.14
4.16
4.16
4.12 1/
4.14
4.44
4.44
4.49
4.49
4.48
4.49
3.10
3.10
3.15
3.15
3.12
3.10
4.86
4.95
4.99
5.19
5.44
5,36
6.06
6.30
6.33
6.53
6.87
6.93
3.90
3.85
4.00
4.10
4.30
4.35
1967
S. I. A,
new Aa
municipal
bonds 2/
Period
1971
7.63
7.54
7.62
7.76
8.25
8.15
3.00
3.08
3.10
3.05
3.10
3.20
4.34
4.34
4.40
4.37
4.42
4.49
1964
Aa new
corporate
bonds 2/
Aa new
corporate
bonds 2/
4.45
4.45
4.49
4.48
4.52
4.57
4.01
3.99
4.04
4.07
4.11
4.14
Treasury
bonds 1/
S. I. A.
new Aa
Treasury
municipal . bonds 1/
bonds 2/
Treasury
bonds 1/
1970
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
Period
8.24
8.14
7.90
7.72
7.67
7.54
1972
S. I. A.
new Aa
municipal
bonds 2/
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
4.99
5.06
5.29
' 5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
4.99
5.11
5.22
5.02
5.04
5.13
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
6.25
6.23
6.27
6.29
7.65
7.67
7.71
7.73
5.08
4.97
5.20
5.02
6.31
6.31
6.29
6.32
6.35
7.62
7.66
7.71
7.83
7.85
5.25
5.13
4.99
5.16
5.16
Weekly series - avei'age for weeks ending 1973:
Jan.
Feb.
5
12
19
26
2
9
16
23
5.78
5.88
5.98
6.08
6.12
6.16
6.10
6.15
7.56
7.60
7.62
7.62
n.a.
5.03
5.01
4.75
7.64
7.67
7.66
7.66
5.13
5.17
5.02
5.10
1973:
Mar. 2,
9.
16,
23.
Apr. 6.
13.
20.
27.
6.16
6.18
6.22
6.24
6.16
6.09
6.08
6.10
1/
Treasury bond yields are based on a composite of closing bid quota
tions in the ovec-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protection,
2/
4/
Jy
n.a.
7.69
7.72
7.76
7.77
5.10
5.24
5.22
n.a.
7.73
7.71
7.70
7.68
5.00
5.04
4.92
n.a.
1973:
May
4.
11.
18.
25.
June 1.
8
15.
22,
29.
The value of 5 years call protection in that period ranged from 10 to
25 basis points.
Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
One or more new long-term bonds added to the average.
An existing bond dropped from the average.
Not available.
A V ER A G E Y IE L D S O F L O N G -T E R M T R E A S U R Y , C O R P O R A T E A N D M U N IC IP A L B O N D S
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
%
Monthly Averages
9.0
9.0
8.0
8.0
7.0
7.0
New Aa
Corporate Bonds
6.0
6.0
Treasury Bonds
5.0
5.0
SJA. New Aa
Municipal Bonds
4.0
4.0
3.0
3.0
1963
1964
1965
1966
1967
1968
1969
1970
* Change in Aa computation method effective June 1973. See footnote 2 following Table AY-1.
1971
1972
1973
Treasury Bulletin
84
.EXCHANGE STABILIZATION FUND.
Table ESF-1. - Balance Sheets as of June 30, 1972 and March 31, 1973p
June 30, 1972
Assets, Liabilities, and Capital
March 31, 1973p
Assets
Cash:
Treasurer of the United States (includes Undeposited Collections)..
Federal Reserve Bank of New York, special account.................
Imprest fund.... »..................................................
$715,389.07
267,860,367.00
$2,877,099.11
267,860,367.00
1,500.00
Total cash..........................................................
$270,738,966.11
$268,577,256.07
Special drawing rights.................................................
Special account of Secretary of the Treasury with Federal Reserve Bank
of New York - Gold.....................................................
1,957,631,604.43
1,957,631,604.43
79,939,167.79
76,747,951.99
22,309.07
3,082,803.87
243,400,409.06
221,017.72
5,270.38
5,841.04
155,173,595.50
22,309.07
230,513.35
2,651,071.27
233,541.42
5,270.38
9,180.31
10,655.76
U.S. Government securities............. *..........................
Foreign securities.................................................
2,578,479,270.93
37,051,140.05
2,925,455,780.82
Prepaid expense.........................................................
572.95
Foreign exchange due from foreign banks:
1/
Banque Nationale de Belgique.......................................
Bank of Canada......................................................
Deutsche Bundesbank............. ,.................................
Bank of England.....................................................
Banca d* Italia*...................................................
Sveriges Riksbank...................................................
Banque Nationale Suisse............................................
Bank for International Settlements.................................
Investments in:
Accounts receivable....... .............................................
10,236,933.99
Furniture and equipment (includes automotive equipment)...............
Less allowance for depreciation....................................
429,394.31
148,629.76
Buildings...............................................................
Less allowance for depreciation....................................
50,000.00
14,400.00
41,159,044.47
280,764.55
365,490.23
148,354.56
217,135.67
35,600.00
50,000.00
15,750.00
34,250.00
Land....................................................................
100,000.00
_______100,000.00
Total assets............................................................
5,336,405,267.44
5,273,085,565.01
Accounts payable........................................................
8,207,338.33
36,251,051.07
Special deposit accounts...............................................
3,000,000.00
3,000,000.00
1,712,000,000.00
400,000,000.00
1,712,000,000.00
400,000,000.00
39,095,404.49
Liabilities and Capital
Advance from U. S. Treasury (U. S. drawing on I.M.F.).................
Special drawing rights certificates....................................
Deferred liability - Foreign Exchange Revaluation......................
Special drawing rights allocations.....................................
Capital acdount.........................................................
Deduct subscription to International Monetary Fund................
164.793.751.60
2,490,605,860.90
2,000,000,000.00
1,800,000,000.00
200,000,000.00
2,000,000,000.00
1,800,000,000.00
2,490,605,860.90
200,000,000.00
Net income (see Table ESF-2)...........................................
357.798.316.61
392,133,248.55
Total liabilities and capital............ .............................
5,336,405,267.44
5,273,085,565.01
Note:
Annual balance sheets for fiscal years 1923 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with December 31, 1938 have been published in the Treasury
1/
p
Bulletin.
Excludes foreign exchange transactions for future and spot delivery,
Preliminary,
July 1973
85
EXCHANGE STABILIZATION FUND,
Table ESF-2. - Income and Expense
Classification
January 31, 1934 through
June 30, 1972
January 31, 1934 through
March 31, 1973p
Income:
Profits on transactions in:
Gold and exchange (including profits from
handling charges on gold).............................................
$22,350,994.33
Sale of silver to U. S. Treasury.......................................
3,473,362.29
3,473,362.29
Silver..................................................................
102,735.27
102,735.27
1,368,957.14
1,325,207.14
187,279.41
186,402.58
294,273,144.64
391,188,532.59
Miscellaneous...........................................................
$30,992,681.78DR.
Interest on:
Special drawing rights.................................................
Foreign balances........................................................
Revaluation of SDR holdings and allocations..............................
8,081,949.82DR.
175,786,199.79
42,077,097.83DR.
14,083,386.50DR.
179,462,568.05
42,077,997.83DR.
447,382,725.22
488,584,741.81
Personnel compensation and benefits......................................
63,947,867.11
69,356,868.90
3,852,031.58
4,102,634.44
Transportation of things.................................................
4,109,423.35
4,164,000.58
Rent, communications, and utilities..... ................................
1,990,188.52
2,166,100.42
528,138.44
568,174.21
15,156,759.61
16,181,313.53
89,584,408.61
96,539,092.08
Total income..............................................................
Expense:
Total.....................................................................
-
357,798,316.61
p
Preliminary.
(87,598.82)
392,133,248.55
Treasury Bulletin
86
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 and July 1972 issues of the
Bulletin to increase the usefulness of this section.
used in the
United States balance-of-payments
statistics.
Table IFS-3 presents an area breakdown of United States
liquid and nonliquid liabilities to official institutions of
foreign countries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and
reserve
position in the International Monetary Fund.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liquid and
nonliquid liabilities to foreign official
institutions,
and liquid liabilities to all other foreigners, which are
Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
1958................................
Total
reserve
assets
24,832
July...........................
Aug............................
Oct............................
Nov............................
Dec............................
1973-Jan............................
Feb. 1.0/.......................
Mar. 10/.......................
Apr. 10/.......................
May 10/........................
1/
Treasury
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
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
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
13,806 6/
14,882
14,830
13,235
12,065
15,710
16,964
14,487
12,167
13,151
1972- June...........................
Total 2/
10,892
2/
8/
2/
11,859
11,072
10,206
10,487 2/
10,132
10,490
10,490
13,339
13,090
13,124
13,217
13,313
13,307 ,
13,151 y
10,487
10,487
10,487
10,487 2/
13,054
12,926
12,931
12,904
12,916
12,914
10,487
10,487
10,487
10,487
10,487
16,487
851
1,100
1,958
1,958
1,958
1,958
1,958
1,958
1,958 2/
1,958
1,958
1,958
1,949
1,949
1,949
10,410
10,410 2 /
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose, of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
2/
g/ Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See "Account
of the Treasurer of the United States,”Table TUS-4.
2/ Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation on
January 1, 1972 of $710 million of special drawing rights (SDR) in the
Special Drawing Account in the International Monetary Fund, plus or
minus transactions in SDR.
y
Includes holdings of Treasury and Federal Reserve System.
5/ The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase additional amounts equal to the United States quota. See Table IFS-5.
_
_
_
_
10,410
10,410
10,410
10,410
io;4io
10,410
6/
Reserve
position in
International
Monetary Fund j>/
1,975
116
99
212
10,410
10,410
10,410
Convertible
foreign
currencies 4/
_
1,958 2/
10,410
;
_
_
_
_
10,410 2/
10,410
10,488
Special
drawing
rights 2/
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
457
203
234
323
414
403
241
140
8
8
8
16
8
1,958
1,997
1 555
1,690
1,064
1,035
769
863
326
y
420
1,290
2,324
1,935
585
465 2/
434 ""
439
444
449
454
459
465 9/
469
473
478
460
464
470
Reserve position includes, and gold stock excludes, $259 million gold
subscription to' the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million resulting from revaluation of the German
mark in October 1969, of which $13 million represents gain on German
mark holdings at time of revaluation. See also footnotes 3 and 4,
Table IFS-4.
8/ Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31^ 1971. See
also footnotes 3 and 6 , Table IFS-4.
oj Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dolla^< in May 1972, consisting of
$828 million total gold stock, $822 inillion Treasury gold stock, $155
million special drawing rights and '$33 million reserve position in
the International Monetary Fund.
1Q/ Dollar equivalents not revalued to reflect de facto conversion rates.
July 1973
87
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2. - U.S. Liquid and Other Liabilities to Foreign Official Institutions,
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
Liquid liabilities
to other foreigners
Official institutions 2/
End of
calendar
year
or month
1957.
1958.
1959.
Liquid
liabil
ities
to IMF
arising
from
gold
trans
actions
Total
15,825
16,845
19,428
2/
2/
200
200
500
1960 10/.
"20,994
21,027
800
800
1961 10/.
22,853
22,936
24,268
24,268
800
800
800
800
1963 10/.
26,433
26,394
800
800
1964 10/.
29,313
29,364
800
800
29,569
f 31,145
^31,020
r35,8l9
35,667
834
1,011
1,011
1962 10/.
196 5
1966 10/.
1967 10/.
1968 10/....
1969 10/....
1970 10/....
1971 10/ 12/.
1972........
'38,687
,38,473
45,755 11/
^45,914
47,009
46,960
'67,681
67,808
82,901
4/
5/
6/
•7/
Other
readily
market
able
liabil
ities 4/
Non
Liquid'
market
liabil
able
ities
non
convert to
ible U.S. banks 6/
Treasury
bonds and
notes 5/
Liquid
liabil
T
ities
Short
Market
to non
able
term
monetary
interna
liabil U.S.
Total ities
tional
Gov’
t
reported bonds
and re
by banks and
gional
in U.S. notes 2/ 2/ organi
zations 8/
n.a.
n.a.
10,120
11,078
11,088
7,917
8,665
9,154
10,212
10,212
n.a.
n.a.
966
3,472
3,520
4,678
n.a.
n.a.
2,940
866
876
4,818
4,818
2,773
2,780
2,252
2,430
2,399
2,230
2,230
11,830
11,830
10.940
10.940
11,997
11,963
12.467
12.467
5,404
5,484
5.346
5.346
2,871
2,873
13,224
13,220
890
890
751
751
1,217
1,183
1.125
1.125
12,948
12,914
14,459
14,425
15,790
15.786
703
703
15,826
13,066
1,105
1.079
1.079
1,201
14,841
14,896
18,201
18,194
17,407
17,340
12,484
12,539
860
860
256
256
14,034
14,027
11,318
11,318
908
908
529
462
711
711
701
701
15,975 11/
15,998
11,054
11,077
346
346
555 ll/
555
23.786
23,775
19.333
19.333
39,679
39,018
306
295
51,209
50,651
61.512
1.955
1.955
429
429
6,060
6,093
12,108
5.236
3,018
3,292
77,465
79,454
79,728
81,420
82,373
82,901
3,516
3,881
4,117
4,457
4,834
5.236
8.594
8.594
12.094
12.094
12.095
12.097
12.098
12,108
82,072
87,871
90,873 12/
90,596 2A/
92,042
60,789
68,475
71,326
70,748
70,819
38,527
45,413
46,919
45,949
46,016
5,798
6,377
6,917
6.934
6.934
12,110
12,110
12,128
12.245
12.245
Table is based on Treasury Department data and on data reported to
the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of non
marketable, nonconvertible U.S. Treasury notes issued to foreign official nonreserve agencies and the inclusion of investments by foreign
official reserve agencies in debt securities of U.S. Federally-spon
sored agencies and U.S. corporations. Table excludes International
Monetary Fund "holdings of dollars,”and holdings of U.S. Treasury
letters of credit and nonnegotiable, noninterest-bearing special U.S.
notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary Fund
to mitigate the impact on the U.S. gold stock of foreign purchases for
gold subscriptions to the Fund under quota increases, and U.S. Govern*ment obligations at cost value and funds awaiting investment obtained
from proceeds of sales of gold by the *International Monetary Fund to
the United States to acquire income-earning assets.
Includes Bank for International Settlements and European Fund.
Derived "by applying reported transactions to benchmark data; break
down of transactions by type of holder estimated 1960-1963.
Includes long-term liabilities reported by banks in the United States
and debt securities of U.S. Federally-sponsored agencies and U.S.
corporations.
Excludes notes issued to foreign official nonreserve agencies.
Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Includes marketable U.S. Government bonds and notes held by foreign
banks.
n.a.
n.a.
541
764
1,047
1,190
2,355
2,357
543
550
516
516
1,525
1,541
1.948
1.949
3.013
3.013
3,397
3,387
2.565
2.565
448
448
3.046
3.046
7,271
7.,303
7,419
10,116
9,936
3,730
3,753
4,059
3,354
3,377
351
341
376
376
2,161
2,195
1,960
1,965
3,587
472
4.271
4.272
528
528
1,431
906
905
11,209
11,085
4,685
4,678
558
558
691
677
2.341
2.341
741
741
2.518
2.518
3.743
3.744
4,127
4,120
14.472
14.472
5,053
4,909
4.444
4.444
609
465
725
722
1.505
1.505
2.515 11/
2.515
23,638
23,645
17,137
17,169
10,262
10,949
14,810
4,464
4,589
,4,676
4,604
4,138
4,141
4.952
3,939
4,064
659
663
4,029
4,039
525
525
647
565
3,691
3,694
447
447
4.527
425
1,528
1.523
1.627
200
200
39.986
July--Aug....
Sept...
Oct____
Nov....
Dec....
1973-Jan....
Feb___
Mar.
Apr. p.
May ^p.
2/
544
544
Short Market
able
term
liabil U.S.
ities
Treasury
reported bonds
by banks and
in U.S. notes 2/
37,850
38,603
39,777
40,616
39,633
40,266
40,045
39.986
72,113
73,995
2/
1.019
1.019
566
566
Total
Non
market
able
convert
ible U.S.
Treasury
bonds
and
notes
53,579
54,604
59,416
60,606
60,075
60,931
61,127
61.512
1972-Ma y
June...
Note;
1.033
1.033
1,030
1,030
Liquid
8/
9/
10/
11/
12/
13/
14/
n.‘
a.
9
9
158
158
63
63
204
204
120
334
328
328
913
913
1.807
1.807
695
695
144
144
543
3.023
3.023
3,371
3,441
3.639
5.817
5.817
1.722
1.722
844
846
12,821
4,284
3,889
395
1,429
13,437
4,476
372
1,478
■4,104
382
12,128
3.647
370
1,428
4,493
4,123
368
12,906
3.647
378
1.523
,4,041
4, ,419;
426
4,630,-'
13,577
3,804
389
1,446
4,341
460
3.651
406
14,173 ,4 ;822
4,416
1,494
499
14,776
3.651
4,,745' '4,322
1,725
423
14,810- 4.952
3.639
543
4.527
1.627
425
3,780
14,799
4,466
4,891
574
425
1,593
4,968
948
3.627
372
1,621
12,807
4,596
12,951 4,;959,
1,637
3,617
376
14,583
12/ 1,745
13,070
1,630
1,989
3,631
399
4,749
5,14$!
3.628
1,996
14,322
4,763
1,754
384
?W\
Principally the International B|ank fjor Reconstruction and Development,
the Inter-American Development Bank and the Asi'an Development Bank.
Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by -type of holder is not available.
Data on the two lines shown for this date diffe,r because of changes in
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and foreign currency liabilities to official
institutions of foreign countries are increased in value to reflect
market exchange rates a's of December 31, 1971, as follows: U.S.
Treasury certificates, $7 million; nonmarketable convertible U.S.
Treasury bonds and notes, $33 million; and nonmarketable nonconver
tible U.S. Treasury bonds and notes, $70 million.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Includes $147 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued
to reflect market exchange rates, as follows: short-term liabilities
$15 million; nonmarketable convertible U.S. Treasury notes $113
million; nonmarketable nonconvertible U.S. Treasury notes $19 million.
Not available.
p* Preliminary.
394
392
3.723
3.723
88
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liquid and Other Liabilities to Official Institutions
of Foreign Countries, by Area
(In millions of dollars)
Total
foreign
.countries
Western
Europe
1/
1963.......................
14,425
8,508
1964.......................
1965.......................
1966 1 / ....................
15,786
15,826
9,325
8,826
( 14,841
14,896
7,772
7,772
1967.......................
1968 2 / ....................
18,194
17,407
^ 17,340
10,321
1,333
1,333
1,310
8,070
8,062
1,867
1,866
1969 2 / .................
* 15,975 A /
^ 15,998 l j
7,074 A /
7,074 4/
1,624
1,624
1970 2 / .................
23,786
y 23,775
51,209
50,651
61,512
13,620
13,615
30,010
30,134
2,951
2,951
3,980
3,980
34,197
1972-May...................
June..................
53,579
54,604
July..................
Aug...................
Sept..................
Oct...................
Nov...................
Dec...................
End of
calendar year
or month
1971 2 / 1 / .................
1972.......................
1973-Jan..................
Feb...................
Mar...................
Apr. p ...............
May p ...............
Latin
American
Republics
Asia
1,789
1,058
2,740
154
176
1,812
1,283
1,550
1,310
1,310
1,582
3,028
160
178
3,309
3,900
3,955
4,428
194
278
278
245
248
248
Canada
1,702
Africa
Other
countries
Z/
250
303
1,865
1,865
1,888
1,911
5,043
4,997
259
248
303
302
4,552
4,552
546
546
291
201
1,681
1,681
4,713
4,708
407
407
14,519
13,823
4,279
1,414
1,429
1,731
415
415
777
414
413
871
870
2,963
30,935
31,910
4,316
4,486
1,476
1,473
14,967
14,572
59,416
60,606
60,075
60,931
61,127
61,512
36,370
36,612
35,985
35,078
34,608
34,197
60,789
68,475
71,326 y
70,748 2/
70,819
34,146
40,773
45,224 6/
45,608 2 /
46,550
4,446
4,463
4,469
4,468
4,289
4,279
4,201
4,290
4,221
4,157
4,104
1,393
1,420
1,368
1,473
1,444
1,731
1,728
1,893
1,749
1,915
1,903
14,727
15,352
15,291
16,805
17,372
17,565
17,026
17,907
16,564
15,415
14,425
e:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign official nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations. The table does not include certain nonliquid
liabilities to foreign official institutions which enter into the cal
culation of the official reserve transactions balance by the Depart
ment of Commerce.
Includes Bank for International Settlements and European Fund.
2 / Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
2 / Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
A/
2/
6/
7/
P
17,565
458
533
572
652
685
616
694
777
673
809
823
839
940
1,427
1,630
1,908
2,107
2,277
2,491
2,720
2,963
3,015
2,803
2,745
2,814
2,897
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the Genian mark in October 1969.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
Includes $15 million increase in dollar value of foreign.currency
liabilities revalued to reflect market exchange rates.
Includes $147 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
July 1973
89
_ _ _ _ INTERNATIONAL FINANCIAL STATISTICS ■
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year
or month
Total
Total
1962...........................
1963...........................
1964...........................
1965...........................
1966...........................
1967...........................
1968...........................
1969...........................
1970...........................
1971...........................
1972...........................
251
893
1,440
1,692
695
1,563
3,330
3,181 U
3,563
9,657 5/
15,872
1972-June.....................
12,441
15,864
15,864
16,022
15,871
15,872
15,872
16,016
15,863 6/
15,870 7/
16,015 7/
16,012
16,189
July.....................
Aug.......................
Sept......................
Oct.......................
Nov.......................
Dec.......................
1973-Jan.......................
Feb. y ..................
Mar. 7/..................
Apr. 7/..................
June......................
Belgium
_
163
354
484
353
516
1,692
1,431
2,480
-
-
32
32
32
32
Canada
1/
_
125
329
299
144
314
1,334
1,129
2,289
7,829
14,333
20
2,640
2,840
10,688
32
2,840
14,188
14,188
32
32
32
32
32
2,840
2,840
2,840
2,840
2,840
2,840
14,345
14,345
14,345
14,333
14,474
14,474
14,464
14,459
14,456
14,633
20
20
20
20
20
20
—
Denmark
Germany
_
_
_
_
_
_
_
_
_
20
-
-
_
-
_
Italy
Z/
2,840
2,840
2,840
2,840
2,840
2,840
_
_
_
_
_
_
15
15
15
15
15
25
25
25
25
25
25
_
_
_
111
146
135
25
5,000
'
Sweden
13
_
160
184
11,315
_
_
_
_
Korea
22
22
Taiwan
Thailand
_
-
_
-
-
20
20
20
20
20
100
100
100
100
100
7,658
22
15
20
100
11,158
11,158
11,315
11,315
11,315
11,315
22
22
22
22
22
22
_
_
_
20
20
20
20
20
20
100
100
100
100
100
100
11,471
11,471
11,471
11,471
11,471
11,670
22
22
22
22
22
22
15
15
15
15
15
15
_
_
_
_
_
20
20
10
_
2
100
100
100
100
100
100
_
_
5
Payable in foreign currencies
End of
calendar
year
or month
1962...........................
1963...........................
1964.... :.....................
1965...........................
1966...........................
1967...........................
1968...........................
1969...........................
1970...........................
1971...........................
1972...........................
1972-June......................
July.....................
Aug.......................
Sept......................
Oct.......................
Nov.......................
Dec.......................
1973-Jan................. .....
Feb. £ / ..................
Mar. 2/ ..................
Apr. 7/..................
May......................
June.....................
Total
251
730
1,086
1,208
342
1,047
1,638
1,750 4/
1,083
1,827 5/
1,539
1,753
1,676
1,676
1,677
1,526
1,528
1,539
1,542
1,389 6/
1,407 7/
1,556 7/
1,556
1,556
Austria
Belgium
50
50
101
25
50
50
-
-
-
30
30
30
30
60
_
-
—
Germany
y
~
275
679
602
50
601
1,051
1,084 y
542
612
306
_
536
-
-
-
-
459
459
459
306
306
306
306
153
153
172
172
172
-
-
-
-
_
-
_
-
_
-
-
-
-
-
Note:
For further information, see "Public Debt Operations," Tables
PD0-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amoants outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2 / In addition, nonmarketable Treasury notes amounting to $125 million
equivalent were held lay a group of German commercial banks from June
_
Italy
200
200
_
125
125
125
226
125
_
_
_
_
_
_
_
-
_
_
_
_
_
*“
Switzerland
51
175
257
257
111
211
311
541
541
1,215
1,233
1,217
1,217
1,217
1,218
1,220
1,222
1,233
1,236
1,236
1,254
1,384
1,384
1,384
Bank for
International
Settlements
_
_
70
93
_
_
_
_
_
—
_
_
_
-
_
_
_
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
Includes an increase in dollar value of $84 million resulting from
u
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
5/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IES-1.
Dollar equivalents not revalued to reflect de facto conversion rates.
1 / Includes $15 million increase in March and $145 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
Treasury Bulletin
90
INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5. - U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
other countries
with IMF
U.S. transactions with IMF
Calendar year
or month
1946-57.
1958....
1959....
1960___
1961___
1962___
,1963....
1964....
1965....
1966___
1967___
1968....
1969....
,1970___
1971___
1972....
1972-June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
Note:
2/
2/
Payments
of
subscrip
tions in
dollars
2,063
Net
gold
sales
by IMF
1/
Trans
actions
in
foreign
curren
cies 2J
600
1,031
150
525
435
680
776
1,155
541 1/
22
712 6/
-84
150
1,362
200
IMF net
income
in
dollars
IMF holdings
of dollars at
end of period
Purchases
of
dollars j/
-45
-2
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-2,670
-252
-135
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
Repur
chases
in
dollars
827
271
442
580
521
719
207
5
Total
change
Amount
Percent
of
U.S.
quota
775
17
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
-6
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4.834
4,740
3,870
2,836
4,765
6,115
6,810
6,840
28
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
94
-5
-5
-6
-5
-4
-6
-5
-5
-6
-5
6.835
6,831
6,825
6,820
6,816
6,810
94
94
94
94
94
94
-4
-5
-5
18
-4
-6
-4
-5
-5
18
-4
-6
6,806
6,801
6,796
6,814
6,810
6,804
94
93
93
94
94
_2£.
The initial U.S. quota in the International Monetary Fund was $2,750 o /
million. The U.S. quota was increased to $4,125 million in 1959, $5,160
million in February 1966, $6,700 million in December 1970, and $7,274
A/
million in May 1972 as a result of change in the par value of the U.S.
dollar. Under the Articles of Agreement, subscription payments equal
to the quota have been made 25 percent in gold and 75 percent in dol
lars.
Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposit or gold investment (see Table IFS-2).
Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures rep
resent repurchases of dollars, including dollars derived from charges
on purchases and. from other net dollar income of the Fund. The United K
2/
States has a commitment to repurchase within 3-5 years, but only to
the extent that the Fund’
s holdings Qf dollars exceed 75 percent of the
U.S. quota. Purchases of dollars by other countries reduce the U.S.
commitment to repurchase by an equivalent amount.
268
741
40
U.S.
reserve
position
in IMF
at end of
period
A/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 1/
326
420
1,290
2,324
1,935
585
465
434
439
444
449
454
459
465
469
473
478
460
464
470
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 Fund's holdings of dollars), which is the amount
that the United States could purchase in foreign currencies automatically
if needed. Under appropriate conditions, the United States could pur
chase additional amounts equal to the United States quota.
Includes $259 million gold subscription to the Fund in June 1965 for a
U.S. quota increase which became effective on February 23, 1966. In
figures published by the Fund from June 1965 through January 1966, this
gold subscription was included in the U.S. gold stock and excluded from
the reserve position.
Includes $30 million of special drawing rights.
Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
Less than $500,000.
91
July 1973
.INTERNATIONAL FINANCIAL STA TISTIC S.
Table IFS-6. - U.S. Net Monetary Gold Transactions with Foreign Countries
and International and Regional Organizations
(In millions of dollars) 1/
Calendar year
1972
Area and country
1968
1970 2/
1969
1972
1971
Jan.Mar.
Apr.June
1973
JulySept.
Oct.Dec.
Jan. Mar.
Western Europe:
_
-58
_
600
_
-11
-209
-19
_
-50
3
-835
-90
4
25
325
500
-1
-76
_
..
-25
-18
_
-110
-
_
_
-
_
_
_
_
_
-
-
-
_
-
_
_
_
_
_
_
_
_
_
-473
-
-10
-50
51
-50
1
_
200
36
_
_
-2
-129
_
_
-25
_
_
_
-175
12
_
_
-
_
_
_
_
_
_
_
_
_
_
_
-
-
-
-
_
_
_
_
-
-15
-25
-
_
_
_
„
_
_
_
_
-669
969
-204
-796
-
-
-
-
-
-
50
-
-
-
-
-
-
-
-
_
-25
*
-25
-28
-23
-1
-25
-13
_
_
_
_
_
_
_
_
_
_
_
Latin American Republics:
_
*
_
_
_
_
-12
_
_
_
_
_
-4
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
-40
-18
-42
-1
-
-
-
-
-
-
-65
-54
-131
-5
-
-
-
-
-
-
Asia:
-
-
_
_
42
-119
-95
-
-366
-38
-3
-
-
-3
-
-
-366
42
-213
-38
-3
-
-
-3
-
-
-66
-9
-70
-4
-
-
-
-
-
-
-2
9
-11
-2
-
-
-
-
-
-
-1,118
957
-631
-845
"-3
-
-
-3
-
-
-3
10
-156
-22
-544
-544
**
-
-
-
-1,121
967
-867
-547
-544
-
-
-
_
_
_
Africa:
Other countries:
International and regional organizations 3/....
-787 1/
1
1/ At $35'per fine troy ounce through May 8, 1972 and $38 thereafter;
negative figures represent net sales by the United States; positive
figure’
s, net acquisitions.
2j Includes in 1970 total (Oct.-Dec. 1970) the U.S. payment of $385
million increase in its gold subscription to the IMF and gold sold
by the IMF to the United States in mitigation of U.S. sales to other
countries making gold payments to the IMF. The country data include,
for the same period, gold sales by the United States to various
2/
*
countries in connection with IMF quota payments. Such sales to
countries and resales by the IMF totaled $548 million each.
Includes International Monetary Fund gold sales to and purchases
from the Unites States, gold deposits by the IMF (see Table IFS-2,
footnote l) and withdrawal of deposits. The first withdrawal,
amounting to $17 million, was in June 1968.
Less than $500,000.
92
Treasury Bulletin
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193I+, Execu
tive Order 10033 of February 8, 19U 9, and 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 b y banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated, and are published b y the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of Ma y 31, 1963. 1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported b y banks to show more detailed breakdowns
b y type of holder and type of liability and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known b y reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign country or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. Fbr a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit m ay 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 b e l on gs . Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less. "Long
term" refers to obligations having an original maturity of
more than one 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 $500,000 is applicable to reports in each of
these categories. Twice a year they also report their short
term dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, non
banking concerns, report monthly their transactions in secur
ities with foreigners; the applicable exemption level is
$100,000.
Quarterly reports are filed b y exporters, importers, in
dustrial and commercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims are $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 millioxi or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level a p
plicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the same statis
tical series, wi t h tables showing time series b y type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term an d long-term liabilities
to foreigners reported b y banks in the U nited States. The
data exclude the holdings of dollars o f the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment" of the Fund, however, are included.) The data
also exclude U.S. Treasury letters o f credit, and nonnegotiable, noninterest-bearing special notes of the United States
held b y international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported b y 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 b y U.S. monetary authorities.
Sections III * and IV show respectively the liabilities
July 1973
93
CAPITAL MOVEMENTS
to, and claims on, foreigners reported b y 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 a c
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 b y
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
Iftiited States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities b y foreigners
reported b y 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 n ew 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 b y foreign subsidiaries of U.S. corpora
tions, some of which are treated *in the balance of payments
as issues of U.S. corporations.
1/
The geographical breakdown o f 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 b y foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
b y underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried b y foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are
the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published b y
the Department of Commerce in its regular reports on the
Uhited States balance of payments.
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
94
CAPITAL MOVEMENTS,
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
________________________________________ (In millions of dollars)_______________________________
Foreign countries
End of
calendar year
or month
Total
short
term
liabili
ties
Payable in dollars
Total
Total
Payable
in
dollars
International and regional
Banks and other foreigners
Official institutions 1/
Payable
in
foreign
currencies
Total
Banks
Other
foreigners
Payable
in
foreign
currencies
Total
Non
IMF
monetary
gold
interna
invest tional and
ment 2/
regional
2/
195 7
14,383
13,641
7,917
7,917
5,724
3,413
2,252
59
742
200
542
195 8
15,367
14,615
8,665
8,665
5,950
3,460
2,430
59
752
200
552
195 9
17,261
16.231
9,154
9,154
7,076
4,601
2,398
77
1,031
500
531
196 0
18,701
17,260
10,212
10,212
1961 5/ ....
f 20,015
{ 20,098
18,699
18,781
10.940
10.940
10.893
10.893
46
1962 5 / ....
*21,958
21,958
19,907
19,874
11,997
11,963
11,949
11,915
196 3
22,877
21,330
12,467
12,437
30
1964 1/....
25,467
25,518
23,849
23,900
13,224
13,224
13,220
196 5
25,551
24,072
13,066
1966 5/....
{
27,724
27,599
26,343
26,219
12,484
12,539
11,968
12,022
1967 5 /....
{30,657
30,505
29,370
29.232
14,034
14,027
13,882
30,234
196 8
7,047
4,705
2,230
113
1,442
691 U
751
46
7,759
7,841 -
5,299
5,380
2,356
2,35^
104
104
1,317
1,317
613 U
613 U
704
704
48
48
7.911
7.911
5,251
5,251
2,564
2,564
95
95
2,050
2,084
800
800
8,863
5,713
3,046
104
1,547
739 kf
808
13,220
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
13,066
11,006
7,360
3,587
59
1,479
800
679
517
517
13,859
13,680
10,023
9,864
3,743
3,743
93
72
1,381
1,381
800
800
581
581
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
11,318
10,855
463
18,916
14,298
4,444
173
1,483
800
683
38.631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27.709
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
40,499
40,541
19.333
19.333
19.184
19.185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
53.632
53,661
59,323
39,679
39,018
39,986
39,521
6/ 38,854
158
165 2/
1,772
1,767
400
400
1,372
1,367
171
3,692
3,694
4,527
228
228
39,816
10,034
13,954
14,643 6/10,721 6/'
19.337
14,485
325
1,413
-
1,413
54,560
56,144
56,028
57,563
57,451
58,855
59,143
59,323
57,792
62,816
64,453
63,768
65,101
37,850
38,603
39,777
40,616
39,633
40,266
40,045
39,986
37,683
38,436
167
167
170
171
171
171
171
171
171
172
172
187 8/
187
16.710
17,541
16,251
16,946
17,818
18,589
19,097
19.337
19,266
17,404
17,534
17,820
19,085
3,890
4,104
4,123
4,041
4,241
4,417
4,322
4,527
4,467
4,596
4,583
4,750
4,763
333
353
311
284
308
368
372
325
355
341
376
398
385
1,268
1,316
1,266
1,322
1,233
1,281
1,512
1,413
1,380
1,419 '
1,425 1
1,428 '
1,585
31,717
1969 5 / ....
1970 5/....
1971 5/ 6/..
1972
f 40,040
<40,199
f 41,719
^41,761/55,404
\ 55,428
6/
'
1,250
1,284
60.737
1972-May....
June...
July...
Aug...,
Sept..,
Oct...,
Nov...,
Dec....
1973-Jan....
Feb___
Mar.,. •,
Apr. p,
May p
1/
g/
55,828
57,461
57,294
58,884
58,684
60,136
60,654
60.737
59,172
64,235
65,878
65,196
66,686
38,527
45,413
46,919
45,949
46,016
39,607
40,446
39,462
40,095
39,874
39,816
38,355
45,241
46,747
45,762
45,830
Includes Bank for International ^Settlements and European Fund.
Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at'end 1971).
4/ In addition, IMF gold investment included investments in U.S. Govern*
meat bonds and notes which amounted to $109 million at end 1960, $187
million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
12,488
13,085
11,816
12,621
13,269
13,805
14,404
14,485
14,444
12,466
12,575
12,672
13,937
-
-
-
1,268
1,316
1,266
1,322
1,233
1,281
1,512
1,413
1,380
1,419
1,425
1,428
1,585
s
in reporting coverage. Figures on the first line are comparable in
coverage to those slfciown for the preceding date; figures on the second
line are comparable to those shown for the following date.
6/ Data on the second line differ from those on the first line because,
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first time.
7/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31. 1971.
8 /r Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p
Preliminary.
July 1973
95
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type' of Liability
Part A - Foreign Countries
End of
calendar
year
or month
Total
foreign
coun
tries
_______________________________________ (in millions of dollars)_______________________________________
Banks and other foreigners
Official institutions 1/
Payable
in dollars
Payable in dollars
Payable
Other foreigners
Banks
Deposits
Other
in
U.S.
Other
U.S.
U.S.
Deposits
Deposits
foreign
Treasury
short
Treasury short
Treasury
cur
bills and term
Time
bills
and
term
bills and
Demand
Time
Time
liabili rencies
certifi
liabili
certifi
2j
Demand
certifi2/
ties 2/
cates
2/
cates
cates
ties^/
Other
short
term
liabili
ties^/
Payable
in
foreign
cur
rencies
195 7
13,641
612
2,737
158
518
1,766
278
209
59
14,615
3,059
3,511
4,246
195 8
4,392
762
3,017
312
1,951
306
195 9
196 0
16.231
17,260
2,834
3,038
*5,738
582
59
77
982
295
148
174
270
6,193
6.412
6.412
3,369
4,210
131
492
1961 2/.... 'l8,699
18,781
1962 J/....
196 3
19,908
JL9;874
*21,330
3.389
3.389
3,261
3,234
1,402
2,451
7.759
7.759
7,548
23,849
1964 2/.... f
\23,900
1.591
1.591
2,820
196 5
24,072
1,535
1966 y
26,343
26,219
29,370
29.232
1.679
1.679
2,862
2,612
2,668
2.054
2.054
2,462
2,458
30,234
f 38,631
38,786
2,149
1,918
1,930
1,899
2,951
2,942
40,541
*53,632
53,661
1.652
1.652
1,620
1,327 4/
59,323
1,589
2.554
2.554
2,504
32.311
2,039 4/ 32.311
2,868
31,453
1Q72-May##. 54,560
June.. 56,144
JJuly
56,028
Aug.
57,563
Sept.. 57,451
Oct... 58,855
Nov... 59,143
Dec... 59,323
1973-Jan.
57,792
Feb... 62,816
Mar.
64,453
Apr. p 63,768
May p 65,101
1,224
1,536
2,379
2,469
1,521
1,308
1,239
1,335
1,271
1,589
1,405
1,756
1,543
1,714
1,717
1967 J / ....
196 8
1969 y....
1970 y .... "40,499
1971 y
197 2
1/
2/
y.
2,816
76
740
1,833
419
402
420
1,849
1.976
1.977
2.096
2.096
1.092
1.092
46
46
4,854
4,917
43
43
928
922
48
48
4.678
4.678
490
490
1,036
30
83
83
68
704
1,493
966
142
142
1,039
1,077
1,523
1,531
1,257
1,271
113
137
137
1,406
1,842
1,848
1,574
1.513
1.513
129
129
30
1,927
1,973
2,621
1.693
1.693
1,797
20
20
4,658
4,644
3,202
3,197
1,709
1,711
1,688
1,688
1,594
1.819
1.819
2,052
2,054
2,199
1,811
1,935
1,886
1,895
1,660
1,660
7.554
7.554
7,186
1,483
6,316
1,361
6,316
1,360
7,985
7,985,
1,378
5,486
1,321
3.844
3.844
13.367
13.367
2,139
2,158
1.259
1.259
517
517
152
152
4,102
838
5,006
5,027
967
967
900
4,941
6,795
6,636
7,933
7,763
1,249
1,243
1.142
1.142
463
202
202
10,374
16,745
16,756
1,273
1,988
1,999
1,612
1,612
148
3,086
3,177
3,905
158
165 5/
171
12,376
12,385
7,047
3,399 y
4,659
1,32&
1,354
850
320 k/
533
14
14
8
8
5
2,130
6,995 ij
9,287
31,209
31,573
2,871
2,858
167
167
3,567
3,790
307
309
3
5
2,377
2,417
2,459
2,569
2,643
2,868
32,655
33,499
32,497
32,794
32,315
31,453
3,054
3,220
3,268
3,398
3,645
3,905
170
171
171
171
171
171
3,877
3,555
3,833
3,798
3,938
4,659
285
331
348
434
481
533
5
2,867
2,841
2,832
2,916
2,941
29,779
36,147
37,620
36,137
35,736
4,304
4,497
4,752
4,996
5,435
171
172
172
187 6/
187
4,155
4,084
4,144
4,335
4,651
423
481
518
514
535
1,380
148
Includes Bank for International Settlements and European Fund.
T*me deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
2 / Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
ij Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
233
113
149
149
116
116
230
230
104
104
352
352
95
95
119
72
72.
104
118
90
87
469
502
503
332
83
83
81
81
329
329
302
292
93
72
59
77
77
86
362
107
107
312
312
173'
226
226
325
325
220
220
1,663
1,666
131
131
96
96
228
228
1,954
2,026
65
274
271
481
8,611
8,981
1,693
1,800
1,781
1,815
81
328
409
333
353
5
3
5
5
7,649
8,729
9,084
9,570
9,981
9,287
1,821
1,702
1,776
1,875
1,706
1,954
1,822
1,852
1,909
1,933
2,014
2,026
77
67
68
70
75
65
402
419
489
538
528
481
311
284
308
368
372
325
5
5
5
16
8
9,860
7,895
7,909
7,808
8,743
1,773
1,813
1,805
1,951
1,859
2,070
2.127
2.127
2,112
2,115
83
63
75
73
555
573
588
611
716
355
341
376
398
385
6
325
deposits are included in "Other short-term liabilities"; certain
accounts previously classified as "official institutions" are included
with "banks"; and a number of reporting banks are included in the series
for the first time.
J5/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
£/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
Treasury Bulletin
96
CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability - (Continued)
Part B - International and Regional Organizations
____________________________________ (In millions of dollars)________________________________________
End of
calendar year
or month
Total
internat ional
and regional
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
490
500
691 u
219
343
449
532
354
540
568
294
572
572
1,031
1,442
1,317
613 L/
800
800
1962 5/
1,618
1964..............................
1965..............................
739 U
800
70
800
42
56
1,479
1,381
800
C 1,287
{ 1,273
800
800
1966..............................
2
*
£50
209
76
1959..............................
I960..............................
1963..............................
Time 2/
Other
short-term
liabilities 2/
200
742
752
f 2,050
2,084
1,547
Demand
U.S. Treasury
bills and
certificates
200
1957..............................
1958..............................
1961..............................
Nonmonetary international and regional organizations 2/
Deposits
66
6
*
384
207
200
215
55
138
145
138
231
170
314
266
139
212
124
120
178
178
173
118
107
108
1968..............................
1,483
800
67
67
68
113
394
1969..............................
1970..............................
1,413
1,221
800
62
83
22 4
400
69
1,772
\ 1,767
400
400
1972 ...................................
1,413
-
73
73
86
159
192
192
202
244
211
211
211
326
896
892
800
1972-May..........................
June.........................
1,268
1,316
-
186
238
198
212
800
782
July.........................
Aug..........................
Sept.........................
Oct..........................
Nov..........................
1,266
1,322
1,233
1,281
1,512
1,413
262
267
224
210
242
202
142
172
145
204
380
326
761
818
785
804
794
800
1973-Jan..........................
Feb..........................
1,380
1,419
1,425
1,428
1,585
172
145
133
111
114
279
303
279
240
148
811
838
899
957
1,177
1967 f>/
1971 1/
Apr. p ......... .............
May p .......................
f
_
-
_
_
84
85
101
65
79
63
95
86
118
133
_
-
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 was reaquired by the In
ternational Monetary Fund.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for Interna
tional Settlements and European Fund. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
119
147
381
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
ij In addition, IMF gold investment included investments in U.S. Gov
ernment bonds and notes which amounted to $109 million at end i960,
$187 million at end 1961, and $61 million at end 1963.
£/ 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.
Less than $500,000.
p
Preliminary.
*
July 1973
97
fiA P T TA T . M O V E M E N T S
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
Country
1970
1973
1971 1/
1972
Jan.
Feb.
Mar.
Apr. p
May p
267
1,165
364
158
4,482
10,494
281
1,253
142
5,000
12,990
223
968
2,532
1,018
518
256
1,483
2,901
105
4,657
58
1,614
14
71
292
1,245
406
168
5,167
12,701
175
1,020
2,543
1,035
502
250
1,682
2,959
118
4,741
69
1,772
8
71
301
1,373
502
244
5,327
12,161
219
1,171
2,427
1,046
511
325
1,787
3,292
71
5,899
73
2,074
9
66
Europe:
185
597
189
117
2,267
7,520
184
1,330
762
324
274
198
503
1,948
46
5,504
37
594
15
54
22,648
254
701
168
160
3,150
6,596
170
1,888
271
685
303
203
791
3,248
68
7,374
34
1,369
14
53
27,503
254
701
168
160
3,150
6,596
170
1,887
270
685
303
203
792
3,249
68
7,379
34
1,391
14
53
27,529
272
1,092
284
163
4,441
5,346
238
1,338
1,468
978
416
256
1,184
2,857
97
5,011
117
1,483
11
81
268
974
321
152
4,433
5,034
210
1,085
1,356
973
439
231
1,189
2,924
109
5,510
82
1,464
14
71
27,134
26,839
1,041
1,762
995
498
222
1,403
2,845
94
4,546
78
1,502
21
65
32,226
36,483
36,924
38,879
4,056
3,4a
3,441
3,484
3,889
3,325
3,290
3.618
3.816
539
346
266
247
7
821
147
225
118
735
620
745
98
39
4,952
441
342
191
188
6
709
154
164
108
963
656
656
87
36
4,702
441
342
191
188
6
715
154
164
108
963
655
656
87
37
4,708
631
605
137
210
6
831
ieit
225
140
1,077
860
539
86 44
5,558
631
643
132
210
7
783
193
176
140
995
839
290
81
235
689
648
136
218
7
800
201
167
138
1,051
825
261
84
239
5,461
687
671
143
184
6
788
171
172
132
948
804
198
76
215
730
768
138
218
7
843
192
170
150
967
778
496
64
264
5,195
694
703
140
197
7
853
168
167
143
1,044
818
226
72
243
5,477
5.785
33
275
258
302
73
135
5,150
199
285
508
717
7,936
39
258
312
89
63
150
14,294
201
304
126
595
16,432
39
258
312
89
63
150
14,295
196
306
126
595
16,429
39
675
318
98
108
177
15,843
192
438
171
1,071
19,131
37
783
319
134
96
146
14,733
210
453
187
897
17,995
49
816
337
114
89
137
12,344
227
513
170
869
15,665
43
831
330
125
90
144
10,415
214
520
166
9Z.0
44
830
368
145
117
142
9,056
231
587
177
876
13,818
12,574
17
11
83
14
395
521
24
9
78
12
474
597
24
9
78
12
474
597
21
12
115
24
768
21
9
111
18
573
28
8
104
23
728
33
9
125
28
798
67
8
120
45
939
733
891
17
13
125
22
739
917
992
1,025
916
42
916
42
3,027
51
3,046
65
2,882
57 _
2,961
60
957
957
3,077
3,111
2,861
57
2,918
2,849
54
Total other countries..........
389
39
428
2,903
2,939
3,022
Total foreign countries..........
Belgium-Luxembourg.............
Other Eastern Europe...........
224
400
Latin America:
Chile...........................
Panama.......... ............. .
Other Latin American Republics..
Bahamas 2/......................
Netherlands Antilles and Surinam
Other Latin America.............
Total Latin America............
Asia:
China, People*s Republic of
(China Mainland)......... .’
____
China, Republic of (Taiwan)....
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt...........................
South Africa....................
Total Africa....................
flther pquntriefi:
Australia.......................
All other.......................
5,353
39
737
336
115
101
139
14,570 '
224
446
211
951
17,868
40,541
53,632
53,661
59,323
57,792
62,816
64,453
63,768
65,101
International and regional:
International...................
European regional..............
Latin American regional........
Asian regional.................
African regional...............
975
17
131
93
5
1,332
8
298
129
5
1,327
8
298
129
5
951
10
307
142
4
930
11
301
133
4
957
8
318
131
4
979
7
320
119
*
982
7
337
102
*
1,144
7
337
97
*
Total international and regional
1,221
1,772
1,767
1,413
1,380
1,419
1,425
1,428
1,585
41,761
55,404
55,428
60,737
59,172
64,235
65.878
65.196
1/
Data in the two columns shown for this date differ because of changes in
reporting coverage. Figures in the first column are comparable in coverage to those shown for the preceding date; figures in the second column
are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas,
*
Less than $500,000.
p Preliminaiy.
Treasury Bulletin
9®
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, 1973
Preliminary
(Position in millions of dollars)
Short-term liabilities payable in dollars
Country
Europe:
Austria...........................
Total
short
term
liabilities
To foreign banks and official institutions
Total
Deposits 1/
301
1,373
502
244
5,327
12,161
219
1,171
2,427
1,046
511
325
1,787
3,292
71
5,899
73
2,074
9
66
38,879
3,816
294
1,336
472
232
5,253
12,064
187
1,105
2,378
1,001
492
243
1,768
3,138
67
5,408
69
1,869
9
64
37,447
3,265
..k?2.i .
579
730
768
138
218
7
843
192
170
150
967
778
496
64
264
5,785
336
670
24
103
1
324
41
120
49
641
366
417
17
107
3,216
76
548
14
91
1
252
24
107
46
590
252
31
12
19
2,064
44
830
368
145
117
142
9,056
231
587
177
876
38
659
211
120
104
125
8,995
223
510
163
751
Total Asia........................
Africa:
Egypt.............................
Morocco...........................
South Africa......................
Zaire.............................
Other Africa......................
12,574
11,899 ^
24
385
65
52
34
72
580
122
336
68
400
2,136 .
67
8
120
45
786
63
6
109
41
726
Total Africa......................
1*222
Total other countries............
2,961
60
3,022
Total foreign countries............
International and regional:
Int e m a t ional.....................
European regional.................
Latin American regional..........
Asian regional....................
African regional..................
Total international and regional..
Denmark...........................
Greece............ ...............
Italy.............................
Netherlands.......................
Spain.............................
Sweden............................
Turkey............................
United Kingdom....................
Yugoslavia........................
Other Eastern Europe.............
Total Europe......................
Canada..............................
39
177
142
110
268
393
107
472
352
148
396
221
191
489
66
351
61
288
7
51.
U.S.
Treasury
bills and
certif
icates
189
782
303
43
4,597'
11,517
30
423
1,960
325
87
1,541
1,531
_
3,870
4
5
1
27.207
690
Other 1/
66
376
27
78
388
154
50
210
66
529
9
22
35
1,118
1
1,187
4
1,576
2
12
5.909
1,996
To all other foreigners
Total
U.S.
Treasury
Deposits l/ bills and
certif
icates
6
35
30
12
65
85
32
44
47
44
18
79
14
106
4
459
5
'
18
*
2.
JUL06
376
*
5
*
Short-term
liabilities
payable
in
Other 1/ foreign
currencies
6
29
29
12
60
74
32
40
33
44
17
64
12
84
4
142
4
17
*
9
706
1
*
*
2
12
*
*
*
*
5
*
13
*
*
*
2
1
*
4
10
*
2
1
*
1
15
1
17
*
305
*
1
*
*
275
10
91
■
*
2
1
*
10
12
*
22
3
1
*
3
5
48
32
187
_
____ m ___
176
Latin America:
Brazil............................
Chile.............................
Cuba..............................
Mexico............................
Panama............................
Peru..............................
Uruguay............................
Venezuela.........................
Other Latin American Republics....
Bahamas...........................
Netherlands Antilles and Surinam..
Other Latin America..............
Total Latin America............. .
Asia:
China, People’
s Republic of
(China Mainland).................
China, Republic of (Taiwan)......
Hong Kong.........................
India.............................
Indonesia.........................
Israel............................
Japan.............................
Korea.............................
Philippines.......................
Thailand..........................
Other Asia........................
Other countries:
Australia.........................
All other.........................
1/
*
197
4
1
_
5
_
_
_
35
_
_
*
64
119
11
11
*
67
17
13
3
51
79
385
5
87
911
394
98
114
115
6
515
147
49
101
326
411
66
47
151
2,540
391
95
113
113
6
452
118
49
98
323
387
60
27
70
2,302
15
113
147
30
41
52
4,109
85
141
42
241
5.015
6
168
155
12
13
18
55
8
77
14
119
644
6
161
148
11
13
16
45
7
73
13
103
596
1
1
10
*
15
28
4
2
8
3
56
72
4
2
■ 8
3
55_
72
241
161
-
38
29
1
4,306
16
33
54
110
4.749
_
*
*
_
l
3
*
*
*
*
7
*
12
-
I
_
-
1
*
*
*
10
„.J,2
-
40
_
47
1
471
945
22
6
52
40
239
358
2,943
50
347
28
2,297
299
22
16
9
15
8
376
2,297
320
26
.... iS
65,101
2,994
59,767
*
*
9,844
35,744
14,179
4,763
3,974
73
1,144
7
337
97
1,144
7
337
97
95
880
1
265
31
-
1.585
, „2GQ—
148
1,177
*
*
*
-
1.585
*
_
*
*
*
*
*
169
6
29
56'
*
66,686
61,352
10,105
35,892
15,355
4,763
3,974
*
559
_
43
10
-
-
-
Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
Less than $500,000.
3
3
1
2
_
62
26
*
3
2
24
6
13
80
226
*
*
*
*
_
5
4
*
*
*
*•
13
7
4
1
13
7
1
-
1
9
7
29
6
*•
*
4
1
5
6
30
*
.,,25..*
•*
-
_
_
*
_
*
_
*
■
*
•*
•*
4
•*
5 ...
8
2
2
*
-
73
- 1
1
? ... .. ...,i
716
_
-
-
572
-
-
-
-
716
572
-
July 1973
99
________________________________ 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
"Other Western Europe"
"Other Eastern Europe"
"Other Latin American Republics"
Haiti
....................................
French Guiana..........
United Arab Emirates (Trucial States) l±/.....
Viet Nam......................................
"Other Africa"
'fi'fchiopia (including Eritrea)..................
"Other Countries"
2
11
16
5
6
2
9
15
2
6
3
9
17
3
4
9
12
22
3
5
8
5
2
3
23
10
2
4
14
2
5
20
6
2
3
7
2
3
27
8
5
5
10
2
5
36
8
6
2
16
2
8
29
8
n.a.
69
41
99
79
75
100
2
16
34
19
59
16
10
55
62
123
57
78
117
6
18
42
19
50
17
10
53
70
91
62
83
123
9
23
50
32
66
17
15
87
92
114
121
76
132
8
27
58
41
61
22
20
65
75
104
109
86
127
8
25
64
32
79
26
17
1970
1971
8
6
24
6
4
11
9
38
5
4
10
10
41
3
6
5
4
2
2
19
7
8
7
9
2
3
16
8
4
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
1/
French West Indies
Dec.
1972
1969
"Other Latin America"
"Other Asia"
Apr.
1972,
1968
2
25
2
1/
1/
2
30
2
3
33
2
Apr.
1973
3
32
1
3/
4’
23
2
3/
4
36
2
127
5
100
3
2/
6
17
2/
5
2
41
86
3
67
3
78
52
13
6
60
5
17
29
67
4
2
5
51
1
16
22
2/
2
1
35
26
- 17
46
3
83
30
17
6
35
4
25
106
17
3
4
4
94
2
26
32
2/
4
2
42
11
14
54
3
54
22
19
1
38
6
18
106
57
4
7
5
179
3
19
21
2/
10
5
59
10
2
20
3
46
23
16
4
33
1
29
79
35
4
4
5 4/
159
3
17
18
2
5
2
88
9
2
16
3
60
25
15
4
58
1
53
80
45
6
6
5
185
2
25
24
72
2
3
93
10
4
39
2
55
54
11
5
59
2
y
344
77
5
4
13
135
1
19
n.a.
n.a.
n.a.
3
114
n.a.
4
36
3
55
59
10
3
93
3
2/
236
53
6
39
8
98
1
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
17
19
*
8
3
38
22
195
7
17
8
1
1
9
7
8
10
23
11
1
8
2
9
23
274
6
46
13
2
1
6
9
3
13
31
29
1
11
2
14
25
296
9
56
9
2
5
6
7
10
7
32
57
1
10
6
23
30
393
6
85
31
2
3
11
10
7
28
51
75
n.a.
28
4
19
31
n.a.
6
n.a.
10
1
3
16
11
19
n.a.
17
16
25
23
27
30
34
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/ Bermuda included with Bahamas prior to April 1973.
2/
j/
4/
*
Bangladesh included in Pakistan prior to April 1972.
Ryukyu Islands included in Japan after April 1972.
Data as of December 31, 1971 exclude Ras al Khaymah.
Less than $500,000.
Treasury Bulletin
100
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/
.
195 7
195 8
.
195 9
,
196 0
.
1961...... .
1962...... .
196 3
.
196 4
.
196 5
.
196 6
.
10
2
1
7
2
7
69
310
513
1,494
1967 2 J ....
f 2,546
\j>,560
Official
institutions
10
2
1
7
2
7
28
Other
foreigners
International
and regional
Payable in
foreign
currencies
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
1,858
1,863
1.807
1.807
35
40
689
3,166
2,490
1,703
.902
1,000
2,389
1,600
913
437
418
2,341
1,505
695
144
93
15
15
8
55
165
237
238
40
40
53
56
87
777
889
789
446
561
1
1
20
21
1972-May...,
June..,
1,151
1,168
444
455
129
127
232
246
83
82
July..,
Aug...,
Sept..,
Oct....
Nov...,
Dec
1,157
1,093
1.067
1.068
1,050
448
422
434
432
430
1,000
418
117
88
99
97
94
93
248
248
248
248
248
238
84
86
87
87
88
87
686
693
688
650
612
615
599
21
21
21
21
21
21
21
21
1973-Jan...,
Feb...,
Mar...,
Apr. p,
May p.,
1,025
1,257
1,378
1,377
406
639
679
690
667
74
304
328
329
312
236
234
100
196 8
196
197
197
197
9
0
1
2
.
.
1,362
204
203
U
Dollar-foreign currency breakdown not available prior to 1966 ; amounts
reported for earlier dates assumed to have been payable in dollars.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
n.a.
p
240
250
250
112
111
104
42
106
311
506
561
598r
594
675
664
671
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
22
24
24
24
24
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Not available.
Preliminary.
Revised.
July 197 3
101
___________________________________________ CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Belgium-Luxembourg.............
1970
1969
_
*
*
*
*■
*
*
■
*
■
*
1
United Kingdom..................
Other Eastern Europe...........
*
5
*
46
*
*
1973
1971
14
*
1
110
1
1
2
*
1
1
4
*
42
*
*
Jan.
1972
Feb.
Mar.
Apr. p
*
*
8
12
12
*
*•
9
*
*
6
1
164
*
165
1
1
1
1
164
*
164
*
164
*
*
1
■
*
*•
•*
1
*
*
_
2
1
■
*
*
■
*
1
■
*
165
*
1
1
*
*•
*
*
*
*
1
1
*
52
*
*
5
*
63
*
*•
5
*
61
•*
11
10
10
-
-
_
*
5
*
59
*
216
:
2
*
9
*
1
*
*
*
1
*
5
■
*
66
*
216
:
•*
54
178
246
261
257
456
*
3
4
1
8
8
7
64
25
*
13
25
•*
1
1
2
1
1
1
1
1
2
1
2
1
1
1
2
2
1
2
2
1
1
1
... 463,.,—
5
10
*
1
May p
5
10
•*
1
164
■
*
1
*
*
•*
*
*
*
1
1
*
*
5
*
•*
68
68
6
*
216
*
207
Z.71
. -.462
7
8
2
1
1
2
1
1
1
21
2
22
2
Lajin America:
Chile...........................
Mexico..........................
_
74
Other Latin American Republics..
Bahamas % /......................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
*
*
49
4
5
14
239
2
*
44
3
*
31
1
2
_
r
17
2
_
19
2
*
*
18
19
55
*
1
111
136
_
42
*
•*
_
_
34
*
*
•*
6
6
*
5
*
4
*
4
*
4
1
1
*
4
1
1
1
*
53
3
7
*
*
152
385
47
3
12
8
21
Total Asia......................
1,237
522
3
*
37
90
1
*
*
*
*
*
*
_
*
1
Other countries:
Australia............ ..........
All other.......................
67
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
_
17
*
*
28
19
53
*
*
*
*•
28
19
53
*
•*
*
41
655
72
70
70
278
2
2
*
•*
31
4
39
*
*
1
Asia:
China, People’
s Republic of
(China Mainland)....... .......
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Is.
48
_
28
*
6
*
*
17
■
*
1
16
*
1
20
20
55
49
16
5
49
1
8
1
8
6
8
6
127
118
128
128
115
_
*
*
*
*•
_
*
*
_
*
*
*
*
*
1
1
1
1
2
5
3
*
17
5
3
*
17
33
31
5
3
*
57
72
5
1
1
■
*
3
1
*
83
5
4
*
82
4
4
*
82
97
99
98
*
*
•*
*
*
*
2
■
*
*
•*
*
*
*
..
*
*
*
1
1
1
1
*•
_
*
■
*
*
1
1
1
1
1
1
1
1
1
1
1
2
59
*
4
*
7
*
4
*
7
*
7
*
7
*
7
*
Total other countries..........
69
59
4
7
4
7
7
7
......JL
Total foreign countries..........
1,601
914
457
439
427
663
703
713
692
International and regional
International..................
European regional..............
Latin American regional........
Asian regional.................
557
287
45
490
264
35
351
57
38
480
_
52
29
509
55
34
504
55
35
560
61
54
538
48
78
541
Total international and regional
889
789
446
561
598
594
675
664
671
Grand total.......................
2,490
1,703
902
1,000
1,025
1.257
1.378
1.377
1,^62
1/
*
p
Through December 31, 1972, Bermuda included with Bahamas.
Less than $500,000.
Preliminary.
*
*
_
2
41
88
Treasury Bulletin
102
__________________________________________ .CAPITAL MOVEMENTS____________________________________________
Section II - Claims 01* 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
End of
calendar
year
or month
Total
short
term
claims
TQtal
Total
Official
instixutluns
Banks
Other
for
eigners
Payable in foreign currencies
Collec
tions
out
standing
for
account of
reporting
banks and
domestic
customers
]L5
421
656
198
181
16
516
582
192
178
15
482
605
1,233
460
222
238
699
709
618
622
694
700
1,837
1,874
543
543
342
343
200
200
359
953
642
686
495
309
186
955
774
832
2,214
384
543
223
221
1,374
1,403
1,055
1,150
1,007
1,135
2,600
2,621
552
803
2,968
2,970
271
271
1,566
1,567
1,130
1,132
1,268
1,272
2,501
2,508
7,399
7,433
3,139
3,141
256
256
1,739
1,739
1,143
1,145
1,367
1,288
8,158
8,182
3,137
3,150
30£
306
1,603
1,616
1,228
1,228
386
303
423
2,542
2,344
1,268
401
439
428
1959..........
2,599
2,407
1,309
351
498
460
I960..........
3,594
3,135
1,297
290
524
f 4,719
[4,777
4,177
4,234
1,646
1,660
329
329
1962..........
5,101
4,606
1,953
1963..........
5,887
5,344
1,915
[ 7,411
\j,957
6,810
7,333
2,652
2,773
f 7,632
[7,735
7,158
7,243
f 7,819
r 7,853
f8,58 3
1 8,606
I96I 1/
IQ^C 1 /
Other
short
term
claims
132
242
1958..........
Total
Foreign
government
obligations
and
commerical
and
finance
paper
147
930
2,199
Other
short
term
claims
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
6<?9
2,052
1957..........
Accept
ances
made for
account
of for
eigners
1,9<S7
186
343
157
42
601
624
342
336
182
187
77
102
422
492
474
492
325
329
54
68
95
96
2,450
2,540
443
464
420
420
240
241
70
70
110
110
1,511
1,552
3,013
3,013
498
467
425
425
287
287
74
70
63
67
1968..........
8,711
8,261
3,165
247
1,697
1,221
1,733
2,854
509
450
336
40
73
1969 1/.......
A , 578
^9,680
9,063
9,165
3,281
3,278
262
262
1,946
1,943
1,073
1,0*3
1,954
2,015
3,169
3,202
658
670"
516
516
352
352
84
89
79
74
766
10,802
10,192
3,051
119
1,720
1,212
2,389
3,985
610
352
92
166
-/h,170
\L3,272
12,328
12,377
4,503
3,969 g f
223
231
1,667
2,613
2,080 g f 1,658
2,475
2,475
4,243
4,254
842
1,107
1,677 g/ 895
549
548
119
173
174
174
1972..........
15,509
14,663
5,712
163
2,975
2,573
3,269
3,204
2,478
846
441
223
182
1972-May......
June.....
13,460
13,565.
14,273
14,367
13,936
13,862
14,455
15,509
15,035
17,789
18,113
18,163
18,401
12,626
12,732
13,371
13,421
13,048
13,086
13,685
14,663
14,210
16,718
17,162
17,344
17,553
4,598
4,756
171
165
5,049
4,984
4,987
5,154
5,342
5,712
164
152
143
146
157
163
2,518
2,575
2,779
2,710
2,572
2,666
2,700
2,975
2,540
2,649
2,703
2,805
2,882
2,987
3,130
3,269
3,838
3,483
3,227
3,082
2,967
2,953
3,129
3,204
1,650
1,844
2,392
2,551
2,213
1,991
2,085
2,478
835
833
902
946
888
776
770
846
143
162
141
146
163
2,814
3,675
3,694
3,944
3,830
3,234
3,515
3,697
3,781
3,789
3,103
3,322
3,463
3,463
3,600
2,443
3,429
3,464
3,253
3,209
825
1,071
951
819
530
486
516
482
431
408
412
441
443
596
524
460
499
187
222
278
338
330
209
219
223
5,429
6,453
6,538
6,847
6,954
1,909
2,016
2,106
2,122
2,272
2,343
2,484
2,573
2,472
2,616
2,703
2,757
2,962
118
125
108
126
127
159
139
182
128
162
165
152
113
1970..........
1 or?T T / 0 /
July.....
Aug......
Sept.....
Oct......
Dec......
1973-Jan......
Feb......
Apr. p....
May p ....
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
2/ Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
848
253
313
262
207
237
of U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claims11; and a number of reporting banks
are included in the series for the first time.
p Preliminary,
July 1973
___________________________________________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
Country
Europe:
1973
1971 1/
1970
Mar.
Apr. p
May p
9
76
69
Total Europe....................
1,449
Canada............................
1,043
1,530
1,627
1,920
1,939
2,372
2,461
2,286
2,390
326
325
200
284
13
909
112
147
63
283
342
196
19
22
305
435
139
380
13
934
125
176
41
268
374
262
18
26
379
652
52
418
13
1,202
246
145
40
383
388
476
14
36
389
641
53
408
12
1,202
219
129
40
388
393
413
15
56
417
727
49
412
13
1,213
220
136
38
385
379
521
15
70
406
740
51
380
13
1,320
212
132
40
404
369
461
20
103
396
759
45
401
13
1,343
183
143
36
403
851
40
397
13
1,343
190
149
31
440
382
429
26
75
3,239
305
429
139
380
13
936
125
176
41
268
374
262
18
25
3,490
3,494
4,442
4,359
4,592
4,649
Asia:
China, People's Republic of >
(China Mainland)......... .
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
2
95
39
13
56
120
3,890
178
137
109
167
4,807
1
109
68
21
41
129
4,279
348
136
164
252
5,548
1
109
70
21
41
129
4,280
348
138
173
252
5,560
1
194
93
14
87
105
4,162
296
149
191
300
2
205
84
15
87
126
4,081
271
148
184
288
5,490
2
211
103
15
103
106
5,277
288
150
195
335
6,786
2
231
111
16
127
141
5,568
301
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
Total Africa....................
13
6
77
4
79
180
10
4
156
21
99
291
10
4
156
21
22
6
150
15
116
288
21
4
143
13
124
304
Other countries:
Australia.......................
All other.......................
64
16
158
28
158
28
291
40
272
50
Total other countries..........
80
186
186
330
Total foreign countries..........
10,798
13,167
13,269
15,506
Netherlands.....................
Sweden..........................
Other Western Europe...........
Other Eastern Europe...........
Latin America:
Argentina.......................
Chile...........................
Cuba......... ..................
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics..
Bahamas Z /.....................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
laien^ional.,, and^regional
Grand total.......................
1/
11
57
49
135
263
235
30
160
105
67
12
70
118
145
3
559
19
12
28
37
Feb.
11
57
49
135
267
235
30
159
105
67
12
70
118
145
3
563
19
12
28
37
2,122
Finland.........................
6
50
40
66
113
186
26
101
61
54
11
52
97
100
9
379
35
13
3
45
Jan.
1972
7
67
58
127
275
267
34
221
93
62
21
210
176
187
5
673
17
23
44
47
59
122
312
414
23
271
152
63
26
236
249
206
6
1,001
20
26
55
51
9
100
60
131
424
371
29
269
118
70
20
282
235
152
5
847
18
22
54
52
9
87
63
134
451
345
32
288
129
66
30
238
238
186
5
795
20
29
61
60
447
356
19
327
115
67
17
360
259
190
6
876
13
22
50
68
2,114
8
120
59
118
330
321
29
255
108
69
19
207
156
125
6
855
22
20
41
49
2,917
2,613
3,431
3,269
3,265
3",436
06
5,593
13
124
401
140
382
505
27
85
4,717
4,775
205
274
7,116
2
238
122
14
127
126
5,663
331
150
197
296
7,267
5
216
132
19
97
117
5,536
333
139
194
324
7,117
20
5
155
13
113 _
305
20
7
155
11
133
22
5
151
13
137
25
4
166
13
144
325
327
351
244
47
249
50
322
256
44
300
291
299
232
47
280
15,032
17,787
18,111
18,161
18,399
309
140
3
3
3
3
3
3
1
2
2
10,802
13,170
13,272
15,509
15,035
17,789
18,113
18,163
18,401
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
2/
p
column are comparable to those shown for the following date,
Through December 31, 1972, Bermuda included with Bahamas,
Preliminary.
104
Treasury Bulletin
CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of May 31, 1973
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Country
Eurone:
Austria........................
Belgium-Luxembourg............
Denmark........................
Finland........................
France........................ .
Germany........................
Greece.........................
Italy..........................
Netherlands....................
Norway..................... *...
Portugal.......................
Spain.......... ...............
Sweden.........................
Switzerland....................
Turkey.........................
United Kingdom.................
Yugoslavia.....................
Other Western Europe..........
Other Eastern Europe..........
Total
short
term
claims
9
76
69
140
447
356
19
327
115
67
17
360
259
190
6
876
13
22
50
68
Total
Total
Foreign
banks and
official
insti
tutions
Other
Collections
outstanding
for account
of report
ing banks
and domestic
customers
7
69
65
140
417
247
19
280
98
64
16
352
254
159
6
809
13
21
50
68
2
43
37
61
83
113
2
205
64
34
9
286
227
110
3
275
11
11
44
60
1
25
21
51
48
88
1
188
26
25
7
136
195
49
3
226
9
4
44
58
1
19
15
10
35
25
1
17
38
10
2
150
33
61
*
49
2
6
2
5
19
7
6
48
41
14
44
25
6
6
43
13
17
3
74
1
9
5
5
475
391
Accept
ances
made for
account
of
foreign
ers
*
1
21
71
9
24
2
4
5
23
■
*
18
11
4
96
*
1
_
3
Short-term claims payable
in foreign currencies
Other
Total
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Foreign
government
obligations
and commer
cial and
finance
paper
Other
*
6
1
2
277
69
1
28
4
1
*
4
3
28
364
•*
*
2
*
2
7
4
1
30
109
*
46
17
3
1
8
5
31
*
66
*
1
*
*
2
6
4
1
29
102
*
39
16
2
1
8
5
25
*
55
*
1
*
*
_
_
*
*
_
_
*
_
_
1
_
-
*
1
*
*
1
7
*
7
1
*
*
1
*
6
*
11
*
*
_
*
293
791
332
296
1
373
113
221
39
Total Europe...................
3,486
3,154
1,680
1,205
ganafla...........................
2,390
2,017
725
137
589
43
59
1,190
408
851
39
396
13
1,302
189
149
31
430
381
428
26
74
194
579
18
245
*
1,052
151
106
11
307
151
147
15
42
53
463
10
155
474
62
61
9
41
66
104
1
18
141
116
8
89
*
578
89
45
2
266
85
43
14
24
61
151
15
29
13
71
13
29
6
75
94
10
8
18
142
101
6
117
-
Uruguay........................
Venezuela......................
Other Latin American Republics.
Bahamas...................... .
Netherlands Antilles & Surinam.
Other Latin America...........
408
851
40
397
13
1,343
190
149
31
440
382
429
26
75
15
13
15
42
124
2
1
2
11
21
*
6
1
50
9
*
*
6
12
269
3
12
*
*
*
*
41
1
*
*
10
1
2
*
*
*
*
*
■
*
12
1
*
*
1
*
1
*
*
*
9
_
_
-
*
*
*
*
20
*
*
9
1
1
*
*
Total Latin America...........
Latin America:
Argentina......................
Brazil.........................
Chile..........................
Colombia.......................
Cuba...........................
Mexico...*.....................
Panama.........................
130
____ 35^
4,775
4,719
3,017
1,518
1,499
593
709
400
56
15
9
31
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong..................... .
India..........................
Indonesia......................
Israel.........................
Japan..........................
Korea..........................
Philippines....................
Thailand.......................
Other Asia.....................
5
216
132
19
97
117
5,536
338
139
194
324
4
216
128
18
96
115
5,503
338
139
187
319
1
56
51
5
56
96
796
33
54
31
127
1
37
22
4
17
90
689
26
28
20
103
_
19
29
1
39
6
107
8
25
11
23
_
26
16
11
3
12
2,349
42
36
18
108
3
119
37
*
21
5
1,680
259
35
124
47
*
14
23
1
17
2
679
4
14
13
37
1
*
5
1
*
1
33
*
1
7
5
1
*
4
1
*
1
29
*
*
7
5
*
_
_
2
-
_
*
*
*
*
*
2
*
*
*
*
Total Asia.....................
7,117
7,064
1,306
1,036
269
2,622
2,331
805
53
48
2
3
Morocco........................
South Africa...................
Zaire..........................
Other Africa...................
25
4
166
13
144
25
4
154
13
144
10
1
48
5
76
9
1
7
5
24
1
_
42
*
52
1
2
32
1
57
14
*
61
7
10
*
1
12
*
2
*
*
12
*
*
*
*
9
*
*
_
_
_
_
-
_
*
3
*
Total Africa.:.................
351
339
140
46
94
92
92
____ 15
13
9
_
4
Other countries:
Australia......................
All other......................
232
47
213
45
74
11
44
8
30
3
28
19
104
13
7
2
20
2
14
2
5
-
*
*
Africa;
Total other countries.........
280
258
85
51
34
47
117
_____ 9
22
16
5
Total foreign countries.........
18,399
17,551
6,953
3,993
2,960
3,789
3,600
3,209
848
499
237
*
2
2
-
-
-
-
-
3,993
2,962
3,209
848
International and regional......
2
2
Grand total......................
18,401
17,553
*
Less than $500,000.
6,954
3,789
3,600
499
237
___
1_
113
113
July 1973
105
______________________ CAPITAL M OVEM EN TS________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
Loans
Other
long-term
claims
Total
Total
1,174
1,362
1,545
1,698
2,034
2,160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
f 2,293
t 2,379
/ 2,837
I 3,030
2,293
2,379
2,260
2,346
660
730
1,328
1,342
33
33
2,834
3,028
2,781
2,811
725
728
273
273
397
397
54
217
' / 3,971
[ 4,285
4,517
1965.......................
4,180
1966.......................
3,925
1967.......................
3,567
1968.......................
3,250
1969.......................
1970.......................
3,075
3,667
1971.......................
[
4,916
1972 1/....................
^ 4,977
1972-May.................
4,047
4,192
June................
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
4,876
4,937
3,777
3,995
4,211
3,915
3,635
3,158
2,806
2,C9 8
3,345
4,501
4,501
703
716
1,659
1,685
2,372
2,550
793
702
669
528
502
504
575
833
833
4,017
4,161
3,732
3,874
674
719
JvO&................
Aug..... ............
Sept................
Oct.................
Nov..................
Dec..................
1973-Jan..................
Feb.................
Mar..................
Ap». p ..............
M^y p ...............
4,278
4,353
4,502
4,598
4,633
4,876
4,975r
5,075r
5,225
5,371
5,457
4,003
4,073
4,220
4,306
4,342
4,501
757
771
796
796
819
833
412
432
430
2,890
2,904
3,023
3,098
3,091
3,238
4,535
4,625
4,764
4,923
5,002
833
840
897
931
965
440
470
480
514
508
3,262
3,315
3,387
3,477
3,529
1957.......................
1958.......................
1959.......................
I960.......................
1961.......................
1962.......................
1963-May 1/................
1963 1/ ....................
1964 1/....................
4,310
4,387
4,535
4,632
4,666
4,916
5,Ol6r
5,126r
5,272
5,419
5,555
1/ Data on the two lines shown for this date differ because of changes,
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Official
institutions
n.a.
p
*
r
Banks
701
729
628
512
323
237
209
236
315
430
430
335
363
356
398
402
Not available,
Preliminary,
Less than $500,000.
Revised.
Other
Foreigners
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,238
3,238
2,723
2,792
195
288
297
247
274
394
426
352
300
375
436
285
287
275
281
282
292
291
375
440r
449r
460
448
456
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
2
2
*
1
9
18
15
16
18
25
22
40
40
30
31
32
34
33
35
33
40
41
52
47
49
48
Treasury Bulletin
____________________ CAPITAL MOVEMENTS___________________ _________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
1970
1969
1971
1972 1/
1
18
2
27
37
36
56
3
2
49
27
91
23
2
1
67
13
11
13
479
1
13
2
19
88
35
39
4
8
24
14
83
35
3
*
71
25
6
12
1
22
2
11
127
102
45
33
4
13
18
93
49
8
8
130
35
6
*
16
482
723
408
312
228
141
187
73
53
419
44
97
37
108
139
15
12
3
1,329
135
251
82
59
367
44
68
19
155
122
7
8
8
1,325
123
331
91
80
*
372
35
36
23
224
129
4
4
7
1,458
16
1
43
2
14
88
151
202
27
112
*
19
2
44
6
15
115
98
234
32
99
22
7
81
10
35
246
79
160
22
165
656
663
829
*
3
20
6
98
Total Africa....................
1
1
30
6
123
162
Australia.......................
All other.......................
Other Western Europe...........
1973
*
La-y^i,,America:
Chile...........................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)......... .
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..................
Korea...........................
Philippines.....................
Total Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
_
_
Jan.
Feb.
May p.
*
18
18
17
167
99
43
54
15
24
28
94r
43
7
10
135
56
7
23
48
906r
*
20
21
18
173
129
36
53
10
26
27
92
50
7
30
121
64
7
39
57
980
*
20
25
18
183
124
35
52
13
32
27
90
49
7
32
122
67
6
60
72
*
19
18
17
186
115
35
52
13
33
26
87
44
7
32
131
78
6
77
80
843
4
18
15
17
155
110
42
49
14
19
28
95r
43
7
9
144
49
6
9
45
876r
1,034
1,060
383
383
403
434r
453
477
511
150
574
174
108
*
383
55
71
10
264
167
19
7
10
153
579
174
108
*
385
55
71
10
264
167
19
7
10
2,001
160r
548r
178
89
9
397r
48
59
14
264
164
5
7
25
l,967r
I65r
572r
. 167
94
394r
47
68
6
273
159
8
7
27
l,986r
152
584
165
91
160
599
163
92
159
620
161
86
1,978
49
4
73
23
147
315
79
163
17
326
49
4
73
23
147
344
96
163
17
326
1,196
1,242
46
5
73
26
155
353r
lOlr
159
18
332
l,267r
46
5
78
27
165
342r
96r
151
17
342
l,270r
2
44
13
74
19
190
336
102
154
18
369
1,321
-
43
1,991
_
_
*
3
70
35
148
*
3
70
35
148
*
3
73
35
161
127
257
257
271
*
3
93
37
174
306
186
29
142
22
222
18
227
16
227
16
209
18
202
18
Total other countries....!.....
215
164
240
243
243
Total foreign countries..........
3,248
3,074
3,663
4,912
4,972
M g m ^ ^ p n a J . and regional .....................
2
1
5
4
4
Grand total.......................
3,250
3,075
3,667
4,916
4,977
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.
Apr. p.
*
18
11
16
146
100
44
49
11
19
28
106
48
5
9
139
48
6
_
43
847
*
18
11
16
146
100
44
49
11
19
28
102
48
5
9
139
48
6
5
50
17
113
184
-
Mar.
2j
*
p
r
228
220
5,012r
5,122r
4
5,0l6r
'
4
5,126r
_
404
53
60
3
262
160
9
7
28
_
391
51
57
2
268
161
19
8
29
2,000
_
_
381
51
60
2
267
154
22
8
27
1,999
1,365
*
58
13
69
33
189
331
116
161
18
398
1,386
*
3
94
37
186
320
9
3
92
36
186
9
3
93
37
192
326
333
196
18
194
20
192
21
57
14
72
23
189
337
111
158
18
387
215
214
213
5,267
5,415
5,501
4
4
4
5,272
5,419
5,505
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
Revised,
July 1973
107
fiAPTTAT. MOVKMKNTS
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, 1973
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Total
long-term
claims
Long-term
claims
payable in
foreign
currencies
Total
Loans
Other Eastern Europe....................
•*
19
18
17
186
115
35
52
13
33
26
87
44
7
32
131
78
6
77
80
*
19
18
17
186
108
35
52
8
33
26
87
44
7
32
131
76
6
77
79
*
18
18
17
165
107
29
51
4
32
26
81
44
5
32
130
75
6
76
77
*
1
*
*
21
1
7
1
4
1
*
7
*
1
*
1
■
*
1
1
2
Total Europe............................
1,060
1,044
996
48
16
Canada........ ...........................
511
497
446
51
14
159
619
161
86
_
381
51
60
2
267
154
22
8
27
129
587
85
73
Netherlands Antilles and Surinam.......
Other Latin America....... .............
159
620
161
86
_
381
51
60
2
267
154
22
8
27
345
46
55
2
246
142
17
3
26
29
31
76
13
_
35
4
5
*
21
13
5
4
1
2
•*
•*
-
Total Latin America.....................
1,999
1,996
1,757
239
2
Asia:
China, People’
s Republic of (China
F i n l a n d ) ..............................
China, Republic of (Taiwan)............
Hong Kong...............................
India...................................
Indonesia...............................
Israel..................................
Japan...................................
Korea...................................
Philippines.............................
Thailand................................
Other Asia..............................
*
58
13
69
33
189
331
116
161
18
398
*
58
13
69
33
189
331
116
161
18
388
*
48
13
68
31
186
285
97
150
15
384
10
•*
*
2
3
45
19
11
3
5
-
10
Europe:
Austria.................................
Belgium-Luxembourg......................
Denmark.................................
Finland.................................
France..................................
Germany.................................
Greece..................................
Italy...................................
Netherlands.............................
Norway..................................
Portugal....................... .........
Spain...................................
Sweden..................................
Switzerland.............................
Turkey..................................
United Kingdom..........................
Yugoslavia..............................
Other Western Europe....................
Latin America:
Argentina...............................
Brazil..................................
Chile...................................
Colombia................................
Cuba....................................
Mexico..................................
Panama............. .....................
Peru....................................
Uruguay.................................
Venezuela...................... #........
Other Latin American Republics.........
Other
_
-
_
7
-
1
5
-
-
3
-
*
-
-
Total Asia..............................
1,386
1,376
1^279
98
10
Africa:
Egypt...................................
Morocco.................................
South Africa .................................
Zaire .........................................
Other Africa............................
9
3
93
37
192
9
3
87
37
192
9
3
84
34
182
_
-
-
-
3
3
10
-
Total Africa .................................
333
327
311
16
6
Other .countries:
Australia...............................
All other...............................
192
21
192
21
188
21
4
*
*
-
Total other countries...................
213
213
209
4
*
Total foreign countries...................
5,501
5,453
4,998
456
48
International and regional.... :..........
4
4
4
-
*
Grand total ....................................
5,505
5,457
5,002
456
*
Less than $500,000.
6
•
48
108
Treasury Bulletin
.CAPITAL M O VEM EN TS.
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
664
581
512
69
83
1960 2/.................
r
574
596
485
507
424
437
61 \
70 J
89
1961-Mar. 2/............
r
674
691
583
600
510
525
73
76j
91
f
756
778
673
563
572
111
684
113.
83
94
833
678
569
109
155
C
778
817
626
665
527
551
99 "I
114 J
151
f
798
805
637
644
508
513
129
130
161
1959.....................
June 2/............
(
Dec................
1962-June 2/............
Dec. 2/............
{
{
1963.....................
1964-June 2/............
f
{
Dec................
1965 2/.................
f
I
J
775
626
479
14 8
148
763
725
622
585
471
441
1
51J1
144
140
807
700
556
144
943 "I
810
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
2,737
1,608
1,225
382
1,129
f 3,511
l 4,428
1,786
2,124
1,399
1,654
387
471
l
1968.....................
1969 2/.................
5,780
2,677
2,181
496
1,725
2,304
3,102
5,863
^ 5,883
2,704
2,761
2,229
2,298
475
463
3,159
3,122
5,919
2,842
2,404
437
3,077
6,231
2,922
2,450
472
3,309
6,415
2,933
2,435
498
3,482
1970.....................
1971 2/.................
1972-Mar................
Dec............. .
f
6,701
Note:
Breaks in series arising from changes in
amount to $5 million or less for any year are
cases, only the figure comparable to that for
shown.
1/ Data are shown for calendar year ends and for
quarter ends for which figures are available.
3,075
reporting coverage which
not shown; in such
the following date is
the most recent five
Data are also shown
3,625
2,584
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date, p Preliminary.
491
July 1973
109
_______________________________ CAPITAL MOVEMENTS________________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1972
Country
1968
1970
1969 1/
1971 1/
Mar.
June
Sept
Dec. p
Europe:
1,034
2
45
2
2
124
178
3
77
66
3
9
56
35
114
3
363
1
20
1
1
1,102
4
69
3
2
137
219
4
87
90
4
10
59
38
134
3
470
2
21
1
3
1,359
194
198
227
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
1
5
5
12
4
17
89
1
9
2
30
176
5
*
11
1
7
3
78
4
4
114
120
11
63
42
4
4
37
25
116
5
393
1
9
1
1
8
46
2
2
126
139
4
77
128
5
13
24
34
159
4
882
4
11
2
2
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*•
4
1,611
5
104
3
2
123
88
5
107
86
6
9
65
16
73
2
929
4
1
•*
5
6
108
5
2
139
104
5
99
65
5
2
70
13
97
3
981
6
2
*
3
2
82
5
3
145
130
14
108
79
5
3
63
14
119
2
943
5
2
7
3
1,671
5
66
2
2
142
117
4
108
70
5
16
66
17
104
2
817
3
2
*
4
1,551
1,634
1,714
1,733
2
75
9
4
165
136
24
118
102
9
4
83
12
119
3
932
7
2
*
3
1,808
221
181
181
189
185
183
208
9
18
10
7
*
17
4
12
5
16
43
39
2
4
187
11
19
11
6
*
22
5
4
4
18
37
162
23
6
18
21
14
7
*
22
5
7
2
16
33
275
3
5
18
19
14
7
*
22
5
7
2
16
32
289
3
5
19
35
18
8
1
27
8
5
6
17
35
303
10
7
429
439
18
19
16
6
*
18
6
6
3
17
32
357
6
6
512
16
24
17
6
1
21
5
5
2
17
30
293
9
6
329
18
18
21
7
*
17
8
8
3
18
27
356
5
12
518
453
499
1
3
5
18
4
12
136
2
8
3
32
224
1
3
7
20
5
14
143
2
9
3
26
1
18
12 27
10
10
177
13
7
3
142
420
1
18
11
26
10
10
173
13
5
3
141
412
1
23
11
13
6
9
189
12
8
4
108
383
1
25
11
7
5
9
188
16
6
4
103
374
28
26
10
7
6
11
223
16
7
5
112
233
1
9
9
38
9
24
144
1
7
4
49
296
451
32
28
12
7
12
12
149
20
15
5
117
410
7
1
14
2
28
52
1
3
34
2
38
78
1
1
31
1
34
68
1
1
31
1
34
67
1
1
26
1
30
1
1
37
1
30
24
7
•*
13
2
27
49
59
71
1
2
17
2
35
57
25
3
7
1
56
92
45
5
60
2
60
7
46
9
55
42
8
54
11
66
46
11
50
50
9
58
57
47
13
60
2,933
3,075
Latin America:
Chile...........................
Other Latin American Republics..
Netherlands Antilles and Surinam
Asia:
China, People’
s Republic of
China, Republic of (Taiwan)....
India...........................
Africa;
Egypt...........................
Other Africa....................
Other countries:
-
49
62
67
75
7
82
1,608
1,786
2,124
2,677
2,704
2,761
2,841
2,922
International and regional.......
*
*
*
*
*
*
*
*
Grand total.......................
1,608
1,786
2,124
2,677
2,704
2,761
2,842
2,922
Total 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
coverage to those shown for the preceding date; figures in the second
■
*
2,933
column are comparable to those shown for the following date,
* Less then $500,000.
p Preliminary.
*
3,075
Treasury Bulletin
110
_________________________________ CAPITAL M OVEM EN TS______________________________
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, 1972
Preliminary
(Position in millions of dollars)
Country
Europe:
Total
short-term
liabilities
Payable in
dollars
2
75
9
4
165
136
24
118
102
9
4
83
12
119
3
932
7
2
*
3
1,808
1,456
352
208
171
36
19
35
18
8
1
27
8
5
6
17
35
303
10
7
19
34
17
7
1
21
7
4
6
14
32
267
9
6
499
445
1
1
*
1
*
6
1
1
*
3
3
36
*
1
54
32
28
12
7
12
12
149
20
15
5
117
410
32
27
11
5
12
11
141
20
15
4
105
1
1
1
*
1
8
*
1
1
12
383
27
25
3
7
1
56
25
3
6
*
54
88
*
*
1
1
2
28
13
19
*
Total other countries..........
47
13
60
41
19
Total foreign countries..........
3,075
2,584
491
fatCTretapml anfl reflfoml*......
*
*
-
3,075
2,584
491
Belgium-Luxembourg.............
United Kingdom..................
Other Western Europe...........
2
65
9
4
150
88
22
87
78
8
3
78
11
64
2
779
2
1
■
*
2
Payable in
foreign
currencies
*
10
*
*
16
48
2
31
23
■
*
*
5
1
55
1
153
5
*
*
1
Latin America:
Chile...........................
Other Latin American Republics..
Bahamas and Bermuda.............
Netherlands Antilles and Surinam
Total Latin America.............
Asia:
China , People*s Republic of
(China Mainland).........
China, Republic of (Taiwan)....
India...........................
Thailand........................
Total Asia......................
Africa:
Egypt...........................
South Africa....................
Other Africa....................
92
fl&MBsy s g m M s g j
Australia.......................
All other.......................
*
Less than $500,000.
4
ill
July 1973
________________________________ CAPITAL MOVEMENTS__________________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Italy...........................
1968
*
84
*
_
38
189
•*
56
58
*
-
*
5
134
-
United Kingdom..................
Other Western Europe...........
Other Eastern Europe...........
1970
1969 1/
469
*
7
-
1,041
*
125
*
48
465
*
128
69
*
7
*
6
253
_
476
x
5
_
_
1,582
1
144
*
-
56
675
*
152
76
*
7
5
7
325
_
658
*
5
1
174
14
Ill
614
•*
161
140
*
7
5
5
424
•*
1,087
*
5
_
_
_
_
2,111
1972
Mar.
1971 1/
*
261
41
72
558
19
201
164
*
4
5
3
453
*
261
41
_
73
553
19
201
164
*
4
5
3
455
890
*
*
859
*
*
_
_
_
June
*
265
42
*
60
578
13
159
148
*
4
4
2
467
-
852
*
■
*
_
-
Sept.
*
266
45
*
55
580
13
156
158
*
2
4
2
461
*
985
*
*
_
*
255
45
*
65
447
13
158
179
*
2
3
1
427
*
993
■
*
■
*
_
2,594
2,728
2,588
2,593
72
71
70
61
64
1
1
1
•*
1
1
1
*•
1
1
1
*•
1
1
1
*
1
12
3
1
2
4
287
64
1
377
2,747
2,670
2,638
42
34
47
67
2
*
*
*
_
2
1
1
*
_
2
1
1
*
3
2
1
*
_
1
1
1
*
_
_
Venezuela.......................
Other Latin American Republics..
Bahamas and Bermuda.............
Netherlands Antilles and Surinam
Other Latin America....... .
*
4
*
5
*
1
23
1
*
5
13
*
5
*
1
48
*
*
5
13
*
5
1
2
85
*
*
*
14
1
5
2
2
188
1
*
1
14
*
*
2
3
285
10
*
1
14
*
*
2
3
280
10
*
1
14
2
*
2
3
282
3
*
1
13
3
*
2
3
359
15
*
1
■
*
1
•*
*
1
14
2
1
2
3
374
34
1
Total Latin America............
37
77
115
219
319
314
310
398
435
*
*
*
*
*
*
**
*
*
*
*
*
Chile...........................
Colombia........................
Cuba............................
Panama.............. ........
Peru............................
Asia:
China, People's Republic of
(China Mainland)......... _____
China, Republic of (Taiwan)....
Hong Kong.................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Thailand........................
Total Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
Total Africa....................
Other countries:
Australia.......................
All other.......................
Total other countries..........
Total foreign countries..........
International and regional.......
Grand total.......................
2/
*
_
*
...
_
_
1
*
_
1
*
_
_
*•
*
*
*
*
4
5
5
11
*•
*
*
6
5
11
*
*
*
6
23
23
5
30
*
1
*
5
42
*
*
*
*
*
*
*
_
_
_
_
_
_
_
_
_
_
*
*
■
*
*
*
*
*
*
*
_
_
_
5
39
*
1
*
1
5
39
*
1
*
1
6
44
*
1
*
1
6
323
*
1
*
1
47
47
6
43
*
*
*
1
50
53
332
•*
*
*
•*
*•
*
*
*
*
_
_
7
7
6
6
*
*
*•
*
6
6
_
_
*
*•
1
*
6
1
*
1
6
7
7
5
-
7
*
7
*
21
*•
45
*
45
*
46
*
54
*•
5
8
8
21
45
45
46
1,129
-
1,129
1,725
-
1,725
_
2,304
3,102
-
2,304
-
3,102
Data in the two columns shorn, 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
3,159
-
3,159
*
255
43
*
76
357
20
152
236
*
•X
3
*
479
*
972
*
*
_
72
Latin America:
Argentina.......................
Dec. p
3,122
-
3,122
3,077
-
3,077
_
*
■
*
*
*
6
6
*
*
1
*
6
496
*
5
•*
1
510
*
*
*
_
6
6
59
*
74
*
54
59
74
3,309
3,482
3,625
-
3,309
-
3,482
column are comparable to those shown for the following date,
Less than $500,000.
Preliminary.
-
3,625
Treasury Bulletin
112
.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
Payable in
dollars
Long-term
claims
Other short-term
Deposits with banks
abroad in reporter’
s claims payable in
foreign currencies
own name
1957...................
947
777
637
78
63
170
1958..................
943
720
568
88
63
223
1959..................
1,009
705
605
68
32
304
I960 2/...............
f 1,775
^1,8 59
1,432
1,505
824
875
58
71
549
560
344
354
1961-Mar. 2/..........
f
1,633
^1,701
1,248
1,305
939
968
76
89
233
248
385
396
June 2/..........
f
1,895
\ 1,934
1,496
1,528
1,181
1,208
122
126
193
194
399
406
Sept. 2/.........
f
2,099
I 2,117
1,646
1,664
1,323
1,340
131
132
192 "I
19 2 J
453
2,138
1,636
1,335
150
151
502
1962-June 2/..........
{ 2,443
\ 2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
Dec. 2/..........
r 2,809
2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
1963-Mar. 2/..........
2,929
2,979
2,113
2,162
1,712
1,758
201
204
200 1
200 j
816
3,048*1
Dec..............
f
June 2j..........
f
^ 3,164j
2,282
1,877
222
183
Dec. 2/..........
f 2 , 85 A
\ 2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
1964-June 2/..........
f
3,297
t 3,245
2,482
2,430
2,000
1,952
220
219
262^1
260 J
815
Dec. 2/..........
f
3,738
^3 ,9 34
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
f 3,565
t 3,438
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
3,884
2,628
2,225
167
236
1,256
216
209
1,537
1,570
1965 2/...............
^
766
882
< 4,581
f 4,483
2,946
3,011
2,529
2,599
201
203
1968..................
5,572
3,783
3,173
368
241
1,790
1969 2/...............
f 5,925
^ 6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
1967 2/...............
7,110
4,160
3,579
234
348
2,950
r 8,303
^8,114
5,185
4,997
4,535
4,459
318
290
333
247
3,118
3,118
8,361
5,170
4,550
318
302
3,191
June.............
8,522
5,328
4,681
376
270
3,194
Sept.............
8,720
5,498
4,836
432
230
3,222
Dec. p .... ......
9,041
5,722
5,087
397
238
3,319
1970...................
1971 2/...............
1972-Mar...............
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.
-2j 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,
p
Weliininary.
Rev*
July 1973
113
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1968
1969 1/
1970
Europe:
5
47
12
9
145
204
27
124
54
10
7
71
26
39
6
1,221
7
16
*
7
2,039
'
5
53
15
6
114
192
18
143
45
15
10
71
27
33
11
929
18
10
3
16
1,732
1972
5
59
16
7
122
219
19
155
64
17
10
77
32
45
12
999
18
12
3
19
1,909
Mar.
1971 1/
10
47
17
11
150
209
28
163
62
16
15
81
40
47
8
698
17
9
1
23
1,652
June
Sept.
Dec. p
20
62
28
23
221
176
39
193
78
18
21
138
56
79
47
1,042
15
14
23
19
2,310
899
14
62
15
18
208
192
35
191
69
13
16
125
40
63
9
957
13
13
14
13
2,080
14
60
15
18
202
192
34
186
68
13
16
124
40
63
9
940
13
13
14
13
2,046
17
45
18
19
196
197
36
181
66
16
23
102
35
60
9
954
10
13
10
16
16
64
20
19
207
191
36
184
66
17
21
117
37
59
11
985
10
10
8
14
2,023
2,093
15
63
19
16
188
200
30
174
71
19
20
130
45
57
8
992
11
11
30
17
2,117
1,045
936
996
50
152
41
38
1
143
22
32
5
75
106
442
10
18
540
728
842
769
909
781
91
36
29
2
103
15
26
6
67
82
66
6
9
584
49
82
40
28
1
115
18
27
7
56
84
54
6
16
582
54
86
41
33
1
148
19
30
7
56
90
87
6
17
677
46 61
120
48
37
1
156
18
36
6
67
99
188
9
29
55
150
47
46
1
151
21
34
5
81
101
366
9
24
1,090
54
147
46
45
1
151
21
34
5
81
99
366
9
24
1,083
48
138
39
40
1
133
19
31
6
77
94
313
8
22
968
*
19
8
34
7
7
207
21
25
16
134
478
■
*
19
11
34
12
31
234
26
31
14
112
*
33
17
34
21
23
323
42
30
11
145
678
1
41
24
37
29
23
411
68
49
15
146
1
41
23
35
28
22
405
68
48
15
144
830
•*
45
21
28
29
21
442
56
62
18
171
524
*
19
11
37
12
36
255
28
40
15
117
572
7
3
31
2
34
76
9
4
26
4
39
80
9
4
30
4
42
88
9
3
30
3
47
92
9
3
41
6
97
156
54
11
56
9
60
10
80
15
65
64
70
94
83
19
102
JjaJin America:
Chile.*.........................
Other Latin American Republics..
Netherlands Antilles and Surinam
Asia:
China, People’
s Republic of
(China Mainland)..............
China, Republic of (Taiwan)....
Total Asia......................
Africa:
Egypt...........................
South Africa................. .
874
844
1,133
52'
163
33
39
1
154
20
36
7
74
96
519
11
23
1,226
59
175
33
41
1
180
19
40
4
89
91
520
12
23
1,289
1
51
22
36
32
18
452
57
63
14
171
918
*
67
24
32
33
31
456
63
49
15
201
894
*
45
23
32
25
17
451
61
67
15
174
911
972
9
2
41
6
97
9
2
42
5
71
6
2
46
7
72
155
129
133
7
3
45
7
61
122
7
3
51
5
75
140
80
17
98
83
26
97
18
92
18
88
20
109
116
110
108
Other countries:
All other.......................
Total foreign countries...........
3,782
3,709
4,159
4,159
5,182
4,993
5,168
5,322
5,490
5,717
International and regional .......
1
*
*
1
4
4
2
5
8
5
Grand total.......................
3,783
3,710
4,159
4,160
5,185
4,997
5,170
5,328
5,498
5,722
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
001111101 are comparable to those shown for the following date,
*
p
Less than $500,000.
Preliminary.
Treasury Bulletin
114
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, 1972
Preliminary
(Position in millions of dollars)
Payable in foreign currencies
Country
Europe:
Austria.........................
Belg ium- 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
short-term
claims
20
62
28
23
221
176
39
193
78
18
21
138
56
79
47
1,042
15
14
23
19
Payable in
dollars
13
44
27
23
199
161
38
174
67
17
20
134
54
73
46
948
12
13
23
Deposits with banks abroad
in reporter's own name
16
16
4
12
2
Other short-term claims
payable in foreign currencies
2
1
*
5
11
1
2
1
4
1
75
3
1
1
2
*
19
IQ
Total Europe....................
2,310
2,104
144
62
Canada............................
899
766
40
93
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............
59
175
33
41
1
180
19
40
4
89
91
520
12
■
.-?1_
1,289
58
164
31
38
*
173
17
32
4
82
80
514
12
22
1,228
.
27
Asia:
China, People's Republic of
(China Mainland)......... .’
____
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
67
24
32
33
31
456
63
49
15
201
972
64
19
26
32
30
315
62
43
15
192
___ 5
798
148
26
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
7
3
51
5
75
3
2
39
Total Africa............ .......
140
114
13
J2 L
Qther coimtries :
Australia.......................
All other.......................
Total other countries...... .
20
108
53
19
72
25
10
25
11
Total foreign countries..........
5,717
5,083
397
238
5,722
5,087
397
238
133
*
2
*
6?
M e ^ ^ ^ p n a l . a n d .regional.......
Grand total.......................
*
Less than $500,000.
July 1973
115
CAPITAL M OVEM ENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns bv Type
(In millions of dollars)
End of
calendar year
or month
Total
short-term
liquid
claims
1964...................
1965 2/...............
C
<
1966...................
Payable in dollars
Deposits
Time
Short-term
investments 1/
Total
Demand
Payable in foreign currencies
Deposits
Total
Demand
Time
Short-term
investments l/
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
r 1,078
^ 1,163
901
985
66
66
702
786
133
133
177
178
50
51
77
77
49
49
1968...................
1,638
1,306
28
49
222
60
1969 2/................
r 1,318
^ 1,491
1,068
1,222
1967 2/...............
1970...................
1,192
87
332
9i>1
1,062
116
161
250
269
174
183
1
76
86
121
112
84
92
1,141
847
294
1,295
l,205r
697
|
1,092
1,0|8r
150
f 1,648
< l,507r
203
127
354
302
( l,965r
^ 2,110r
l,615r
l,748r
l,446r
l,680r
169
68r
350
362r
173
|
234
234
|
307
321r
1972-Apr..............
M a y ..............
l,902r
l,938r
l,987r
l,517r
l,556r
l,583r
l,3l8r
l,350r
l,385r
200
206
199
385
382
403
273
299
312
July.............
Aug..............
2,085r
2,273r
2,101r
2,033r
2,058r
l,711r
1,820r
l,697r
l,644r
l,660r
l,6l5r
l,748r
l,931r
2,266r
2,247r
2,208
l,517r
1,602r
1,527r
l,472r
l,493r
l,446r
l,680r
194
217
170
171
I67r
373
453
403
389
398
350
362r
318
392
359
332
343
307
321r
1971
..
1972 2/ .............
Oct..............
Dec. 2/....... .
1973-Jan..............
f
l,965r
I 2,110r
2,324r
2,789r
2,796r
2,793
169
68r
l,846r
2,115r
2,095r
Apr..............
2,066
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.
i/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
120
68
42
41r
55
61
45
57
55
42
41r
85r
326r
394r
68r
151r
523r
336r
I86r
152r
549r
380r
170r
142
585
395
190
from the date on which the obligation was incurred by the foreigner.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line are
comparable to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
r Revised.
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1969
1970
1972
1972 £/
1971 1/
Nov.
Dec. 1/
14
39
4
22
3
6
577
14
39
3
22
3
6
580r
21
23
5
16
2
21
702r
20
30
42
15
6
5
635r
21
23
5
16
2
21
702r
436
587
443
485
587r
144
259
259
459
484
58
77
77
132
61
100
l,965r
Belgium- Luxembourg.......
France...................
Germany...................
Italy.............. .*.....
Netherlands..............
Switzerland..............
linited Kingdom...........
27
9
58
15
4
6
663
6
12
31
15
6
7
372
Canada...................
534
Bahamas J*/...............
66
62
All other countries 4/....
47
54
61
Total.....................
1,491
1,141
1,648
l,507r
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.
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
1973
Jan.
Feb.
Mar.
53r
37r
29
16
3
21
l,038r
59
58
13
22
7
26
967
Apr.
24r
23r
5
17r
2
21
776r
43r
21r
6r
16r
1
22
899r
49r
20r
lOr
17r
3
21
948r
485
500r
640r
l,023r
896r
840
459
497r
426r
442r
428r
516
129
132
135
138
142
I63r
149
105
100
llOr
112r
114r
115r
137
2,058r
l,965r
2,110r
2,324r
2,789r
2,796r
2,793
2/
K
4/
Data are comparable in coverage and classification to those shown
for the preceding date; for data comparable to those shown for the
following date, see second column under December 1972 heading.
Through December 31, 1972, Bermuda included with Bahamas.
Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
r
Revised.
116
Treasury Bulletin
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of April 30, 1973
Country
Total
short-term
liquid
claims
(Position in millions of dollars)
Payable in dollars
Total
Deposits
Belgium- Luxembourg............
France.........................
Germany...................
Italy..........................
Netherlands........... ........
Switzerland....................
United Kingdom................
59
58
13
22
7
26
967
39
24
2
2
7
18
912
Canada.........................
840
636
Bahamas........................
516
513
Japan..........................
149
3
All other countries 2/........
137
52
Total..........................
2,793
2,208
142
Payable in foreign currencies
Short-term
investments 1/
Total
Deposits
Short-term
investments 1/
39
24
2
2
7
18
911
20
34
11
21
*
8
56
20
34
11
21
*
8
56
134
502
204
25
-
513
2
-
3
146
140
6
7
45
84
80
5
2,066
585
395
190
_
_
_
■
*
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-l through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
2 _
*
_
-
179
-
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.
in
July 1973
jCAPITAL 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
Country
Europe:
Austria............. ,
Belgium-Luxembourg...,
Denmark............. .
Finland............. .
France.............. .
Germany.............
Greece..............
Italy................
Netherlands.........
Norway..............
Portugal............
Spain................
Sweden..............
Switzerland.........
Turkey..............
United Kingdom......
Yugoslavia..........
Other Western Europe.
U.S.S.R.............
Other Eastern Europe.
Total Europe.
Canada............................
Latin, America:
Argentina.......................
Brazil..........................
Chile...........................
Colombia............ ...........
Cuba............................
Mexico..........................
Panama..........................
Peru............................
Uruguay.... *....................
Venezuela......................*
Other Latin American Republics..
Bahamas and Bermuda............
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America.
China, People’
s Republic of
(China Mainland).........
China, Republic of (Taiwan).
Hong Kong...................
India.......................
Indonesia...................
Israel......................
Japan.......................
Korea........... ...........
Philippines....... *........
Thailand....................
Other Asia.................
Total Asia.................
Africa:
Egypt.......
Morocco.....
South Africa.
Zaire.......
Other Africa.
Total Africa.
1968
1969 1/
1970
Mar.
1971 1/
*
4
1
3
17
13
58
125
10
13
22
83
68
1
5
152
3
14
*
5
6
3
14
16
57
88
312
22
19
86
51
10
3
146
4
11
*
1
1
5
453
584
595
854
419
496
•j62
172
198
19
9
73
17
20
1
16
41
2
*
2
64
65
177
200
22
9
77
29
21
1
20
44
3
*
5
498
633
674
14
*•
15
6
31
*128
19
25
5
55
19
1
14
9
49
141
62
2
5
1
*
21
30
56
27
9
4
13
74
39
■
*
6
147
1
18
*
4
1
3
15
12
58
125
10
9
22
83
67
1
5
152’
3
14
1972
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
Dec. p
7
8
832
5
832
2
4
7
6
20
7
53
54
343
25
13
65
34
28
15
137
16
11
*
7
814
818
846
669
761
767
787
797
809
833
71
183
261
38
9
60
29
30
2
23
143
3
*
9
861
66
174
216
34
9
, 60
29
28
4
30
225
4
*
7
886
66
174
217
34
9
60
29
28
4
30
225
4
*
7
57
180
233
32
9
58
32
31
4
32
227
5
1
6
907
54
176
238
31
9
62
-22
32
3
23
234
9
*
2
57
178
236
30
9
58
36
16
4
30
233
8
*
7
887
62
175
224
33
9
60
31
28
4
31
225
11
*
6
900
896
904
29
2
13
17
46
140
81
*
34
2
16
20
66
137
83
ii
47
33
2
15
21
49
141
79
48
17
62
33
2
15
21
41
136
85
3£
55
19
1
14
9
50
142
79
38
9
52
if
62
if
73
34
1
17
21
70
136
76
57
17
69
36
1
18
36
71
132 *
75
61
18
66
39
1
17
28
74
152
68
62
16
83
299
391
412
432
468
461
496
497
515
541
4
1
75
4
*
2
*
69
75
4
*
2
*
64
71
4
1
6
■
*
75
86
4
1
6
*
75
86
4
1
7
1
69
81
6
*
9
*
70
86
4
*
9
89
4
*
9
1
72
87
59
5
78
5
78
5
88
5
88
5
100
5
83
93
93
105
3,189
3,194
3,219
3,315
3
4
3,222
3,319
66
194
54
10
9
73
13
17
1
16
40
2
-
83
4
*
2
*
63
69
Other ftoimtriea*
Australia.....
All other.....
Total other countries....
35
3
38
39
3
42
41
5
46
64
83
77
5
82
Total foreign countries....
1,790
2,215
2,363
2,950
3,115
3,115
-
-
*
2
2
2
2,215
2,363
2,950
3,118
3,118
3,191
International and regional
Grand total.
Sept.
1
4
7
6
18
16
67
42
332
27
15
84
41
6
14
129
13
10
*
9
842
-
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
June
1,790.
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
1
4
7
7
18
8
67
40
351
27
15
71
38
5
14
108
13
13
-
-
3,194
2
4
7
6
21
6
54
41
350
27
14
66
36
8
15
128
14
11
_
_
75
column are comparable to those shown for the following date.
Less than $500,000.
Preliminary.
Treasury Bulletin
___________________________ CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
Corporate and other securities
Net foreign purchases
Calendar year
or month
Foreign countries
Total
1958...........
1959...........
1960...........
1961...........
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973-Jan.-May p.
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
-59
-20
-245
48
-380
348
251
350
274
223
413
259
356
395
403
562
515
554
31
-48
224
365
237
340
377
403
562
579
540
16
*
1973-Jan.......
M ar.......
Apr. p ....
May p .....
273
165
224
532
-521
-20
1,613
July......
Aug.......
Sept......
Oct.......
Nov........
Dec.......
Other
foreign
ers
-23 7
524
-98
-115
-41
1,661
3,281
1,697
June......
1/
Official
insti
tutions
Inter
national
and
regional
-207
369
302
36
95
56
30
51
59
123
-119
-315
-151
-427
Gross
foreign
purchases
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
Gross
foreign
sales
Net
foreign
purchases
of
corporate
and other
securities
2,688
1,582
1,415
3,964
1,202
956
684
1,824
1,822
-39
435
252
223
60
207
-173
-375
17
73
50
-99
-51
9
176
38
678
1,011
-22
57
-40
-44
1,906
293
3,127
6
-8
1
451
103
75
235
241
*
-161
11
-25
130
-23
-2
1
9
40
12
10
17
-
18
1
1
-
*
-52
3
23
-15
-
-12
10
-9
-33
326
6
230
1,035
267
369
418
427
621
9
573
604
555
43
131
11
12
23
24
89
2
12
179
Data include* transactions in issues of states and municipalities, and
of corporations and other agencies of the U.S. Government,
Net
Gross
foreign
foreign
purchases purchases
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
585
443
528
691
2,414
4,358
-121
Bonds 1/
*
p
1,070
4,234
278
314
279
621
638
737
723
1,109
524
34
313
1,964
180
210
36
27
149
120
132
289
248
270
759
385
161
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,947
Stocks
Gross
Gross
Net
foreign foreign
foreign
sales
purchases purchases
344
296
392
416
359
246
284
637
542
1,929
2,481
-56
363
202
323
111
198
-349
-413
-333
757
2,270 13,118
1,487 12,429
626
8,927
731 11,626
2,140 14,256
1,305
5,499
3,057
1,853
1,543
2,263
2,842
1,235
357
501
177
291
55
32
302
266
258
352
319
358
549
440
232
204
199
225
260
192
-36
252
165
160
489
350
480
210
1,076
697
364
317
313
204
4,666
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
489
453
350
139
-126
989
1,148
849
Gross
foreign
sales
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,116
4,194
934
1,116
998
1,553
1,457
885
985
637
839
1,064
1,108
1,415
1,305
926
853
1,144
865
769
793
726
896
1,236
802
Less than $500 000.
Preliminary. *
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Foreign stocks
Foreign bonds
Net foreign
purchases
Gross
foreign
Gross
foreign
Net
foreign
Net
Foreign
Gross
foreign
Calendar year
of foreign
or month
purchases
sales
purchases
purchases
purchases
securities
1958..................
1959..................
1960..................
1961..................
1962..................
1963..................
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973-Jan.-May p ......
-830
-1,026
-512
-562
-460
889
946
883
802
1,093
991
915
1,198
1,778
2,024
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
2,306
3,686
2,581
-336
-238
-83
-370
-104
51
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,3 85
2,532
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-612
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,021
-127
-298
736
1,034
290
229
-157
-314
-517
35
-49
409
171
822
651
1972-May.............
June............
-82
-274
128
109
315
339
104
-43
245
226
July............
Aug.............
79
93
42
-187
-231
90
30
101
-11
155
63
32
69
82
55
242
141
269
166
179
142
119
Oct.............
Nov...........
Dec.............
1973-Jan.............
Feb.............
Mar.............
Apr. p ..........
May p ...........
*
p
-1,363
-750
-645
Gross foreign
sales
Less than $500,000.
Preliminary.
46
57
-167
-126
48
116
-161
-4
1,552
1,490
1,687
1,941
191
129
173
I 84
2,441
2,621
2,961
-222
243
98
163
207
171
465
-132
191
144
144
117
139
323
144
125
287
154
11
-23
-26
*
19
-170
-15
146
200
7
48
97
9
11
173
188
192
110
233
161
193
178
211
121
137
155
145
114
112
126
July 19 73
H9
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
( In millions of dollars: negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1972
Country
1970
Europe:
Austria.........................
Belgium-Luxembourg.............
Denmark.........................
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands.....................
Norway..........................
Portugual.......................
Spain...........................
Sweden..........................
Switzerland.....................
Turkey..........................
United Kingdom..................
Yugoslavia......................
Other Western Europe...........
*
5
-8
_
*
*
X
x
*
1971
*
-1
_
*
*
*
*
*
*
_
*
4
26
_
-149
55
1972
■
*
*
_
_
x
x
*
*
x
*
_
*
79
-15
1973
through
May p
_
*
x
*
1
*
*
5
Dec.
_
_
_
*
_
_
_
1973
Jan.
_
*
_
Other Eastern Europe...........
*
_
7
*
96
*
_
*
Total Europe....................
100
-1
-68
67
8
Canada............................
-76
3
377
2
-1
25
*
*
_
*
_
_
_
_
x_
■
*
*
_
x*
_
_
_
*
•*
*
*
*
*
_
_
-
x-
Latin America:
Argentina.......................
Brazil..........................
Chile...........................
Colombia........ ...............
Cuba............................
Mexico..........................
Panama..........................
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics..
Bahamas J/............ .........
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............ '
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
Total Africa....................
Other countries:
Australia.......................
All other.......................
*
_
*
_
_
*
*
*
_
*
1
2
*
•*
2
_
_
*
20
*
*•
*
■
*
*
-1
2
20
-
_
_
_
-
x-1
xxx-
4
_
•*
_
*
-46
_
_
_
*•
_
*
_
_
_
_
_
_
_
x-
*
-
_
_
_
_
1,642
_
_
-
_
-
-
*
*
_
_
_
_
_
_
_
_
_
■
*
2,664
1,597
_
_
378
_
-
_
-
_
*
-
1,597
378
-
487
-
-
-
-
-
_
_
_
_
_
-
_
_
*
*
*
_
*
*
_
*
•x
*
*
*
_
x_
*
_
2
_
x_
_
_
_
x_
23
*
5
_
_
*
_
-19
_
-
*
1
23
2
■X
-14
-1
-
_
_
_
_
_
_
*
_
_
*
_
*
*
_
_
_
_
_
_
_
_
_
_
x-
_
_
_
_
_
_
-
*
_
*
x-
*
*
*
_
_
_
_
_
_
_
554
_
_
_
>
*
_
_
_
_
_
540
_
_
_
_
16
_
_
„
-
554
-
540
_
_
x
*
*
_
_
_
_
_
_
_
’
16
_
_
_
_
_
_
_
35
-35
125
50
-
50
-
-
-
-
35
-35
125
50
-
50
-
-
-
-
25
25
*
*
25
25
_
_
_
_
-
-
-
-
-
-
-
-
403
527
544
L0
-15
10
-10
1
-
-33
*
-
■
*
*
_
-
May p
_
487
-
Apr. p
_
_
_
-
_
*
_
*
Mar.
_
-
*
x
_
_
_
_
_
_
_
-27
*
-
_
x
*
*
_
_
_
*
_
-51
_
_
*
*
2,663
_
_
x-
*
1,662
_
_
*
*
_
x25
-2
_
x*
_
_
25
*
_
*
_
x
x
-20
_
_
x-
_
*
x
_
*
*
_
*
_
*
_
2
_
2
•*
50
-2
Feb.
Total other countries..........
*
*
*
Total foreign countries..........
52
1,542
3,258
1,657
International and regional:
International...................
Latin American regional.........
Asian regional..................
-31
6
-
124
60
-3
-
-43
-1
6
*
-
■
*
*
562
-
-
-
-
-
-
-10
-2
-
_
-
-
Total international and regional.
-25
130
57
-44
-
-
-12
10
-9
-33
Grand total........................
56
1,672
3,316
1,613
403
562
515
554
31
-48
1/
p
*
Through December 31, 1972, Benmuda included with Bahamias.
Preliminary.
Less than $500,000.
120
Treasury Bulletin
CAPITAL MOVEMENTS
Sections V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
Europe:
Italy...........................
Latin. America:
Chile...........................
Panama..........................
Peru............................
Uruguay.........................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
1970
*
7
*■
1
2
3
*
*
1
*
*
1
2
34
472
17
6
Jan.
1972
1971
547
*
6
*
1
2
3
*
■
*
1
*
*
1
6
60
323
71
5
480
178
*
■
*
*
*
*
2
• 3
2
*
1973
■
*
6
*
1
2
3
*
*
1
*
*
1
85
45
Apr. p
569
561
561
560
*
*
*
*
_
*•
*
_
■
*
1
4
2
*
*
*
*
*
*
*
_
*
1
4
2
*
*
*
*
*
_
*
*
_
*
1
4
2
*
*
*
*
*
*
*
*
1
4
2
*
7
7
7
7
*
1
_
_
*
5,421
*
•*
*
9
•*
1
_
*
1
_
*
5,961
*•
*
*
9
5,971
*
5,978
*
*
*
9
5,988
*
1
*
5,978
*
*
*
9
5,988
_
*
_
183
_
*
327
71
_
5
547
544
71
5
546
181
558
558
559
*
_
*
*
*
1
4
2
•*
*
•*
*
_
*
*•
*
1
4
2
*
*
*•
*
*
*
*•
_
*
1
4
2
*
.. L
,_7
*
1
_
*
1
_
*
4,380
*
*
*
9
*
4,867
*
•*
*
9
4,877
-
'
7
*
1
20
*
56
*
•*
*
9
85
*
1
_
*
1,717
*
*
9
1,727
4,391
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
Total Africa....................
•*
43
43
*
_
8
8
*
_
133
133
*
*
*
May p
■
*
6
*
1
2
3
*
*
1
5
*
1
135
43
281
71
5
555
■
*
6
*
1
2
3
•*
*
1
*
*
1
135
44
8
-
276
71
_
5
5,431
-
•*
6
*
1
2
3
*
*
1
*
*
1
135
43
278
-
_
*
6
*
1
2
3
*
'
*
1
*
*
1
135
44
300
71
_
5
*
_
183
183
_
*
_
183
183
183
25
25
25
25
25
25
25
25
25
25
25
6,223
6,749
7,293
7,333
7,318
186
28
*
176
26
*
186
26
*
176
27
*
142
27
*
Total other countries..........
*
*
Total foreign countries..........
860
2,404
5,661
Jjatermfrjpnal, and regional:
International...................
Latin American regional........
Asian regional..................
2
24
-
126
30
-
186
28
*
Total international and regional
Mar.
*
6
*
1
2
3
*
•*
1
*
*
1
110
45
327
71
5
572
Asia:
China, People’
s Republic of
(China Mainland).........
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
fljher,,counfeieg:
Australia.......................
All other.......................
Feb.
183
183
183
25
-
183
26
156
214
214
202
212
202
169
886
2,558
5,874
6,436
6,951
7,505
7,535
7,4^7
Note: Data represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one year.
1Data are based on a “
benchmark survey as of January 31, 1971 and the
monthly transactions reports. For statistical convenience, the new series
is introduced as of December 31, 1970, rather than as of the survey date.
1/ Through December 31, 1972, Bermuda included with Bahamas.
*
Less than $500,000.
p
Preliminary,
July 1973
121
______________________ CAPITAL MOVEMENTS______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1972
Country
1970
Other Eastern Europe...........
*
85
2
*
35
48
1
15
37
-18
*
3
1
134
*
118
*
2
*
Total Europe....................
464
-1
7
2
2
15
35
*
5
-1
13
*
1
6
197
*
327
*
2
1
612
Canada............................
128
37
82
•*
•*
*
*
1
*
*
•*
1
*
•*
1
*
7
*
*
3
1
5
9
•*
-2
1
*
1
1
*
21
-3
■
*
-2
3
*
*
*
25
-7
*
19
22
■
*
4
*
*
*
313
*
*
22
28
■
*
3
*
*•
*
6
*
-1
*
-11
-2
323
•*
*
*
■
*
•*
*
*
*
-
1
Total other countries..........
-14
1
-12
Total foreign countries..........
International and regional:
International...................
European regional..............
Asian regional..................
Latin .Ajnerica:
Argentina.......................
Brazil..........................
Chile...........................
Colombia.............. .........
Cuba............................
Mexico..........................
Panama..........................
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics..
Bahamas 1 / ......................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)......... .
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel.......... ................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt ...................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
_
25
_
1973
through
May p
1972
6
30
5
1
336
77
-1
48
65
31
*
4
2
134
•*
320
*
188
1
1,246
2
13
3
1
96
5
*
43
-23
23
*
3
4
193
•*
105
1
4
1
•*
56
30
*
7
*
*
> •*
1
*
14
_
_
49
120
318
_
48
49
151
70
10
-
-
-
-
-
_
_
174
98
*
15
7
■
*
*
_
*
*
■
*
_
*
*
*
*
*
*
*
•*
*
1
*
*
*
*
*
*
1
1
1.
*
*
*
2
1
1
*
1
*
*
*
*
1
*
*
4
.1,
..,.285.
8
*
*
*
*
_
_
.. -.142l
*
*
*
_
*
_
*
*
l
l
*
*
l
*
6
4
4.
17
_
_
7f
*
*
1
76
_
*
*
*
-1
1
*
3
6
1
_
_
_
_
_
_
2
*
*
*
107
-1
621
*
*
199
*
*
1
*
*
*
*
*
1
*
•*
*
*
-31
110
623
199
._2„
*
_
_
_
•*
1
_
_
*
29
*
30
965.
29
_
•*
_
_
*
_
-2
„
_
*
_
. ....4 ...
_
_
2
_
_
_
_
_
_
_
_
*
•*
*
*
*
1
*•
*
2
2
*
1
*
-21
*
*
*
-21
*
*
*
1
*
*
*
*
*
632
645
1.676
1,825
251
188
324
*
-
39
*
-
145
*
3
-3
-
35
_
Total international and regional
324
39
148
Grand total.......................
956
684
1,824
Total Africa....................
ftfcher countries:
Australia..... .................
All other.......................
_
1
-4
*T
*
6
*
*
*
*
*
*
2
1
2
1
*
_
_
_
•*
1
*
*
*
*
*
*
2
*
*
6
*
*
-1
959
*
*
•*
1
*
....142..
....- J 6 .
*
2
1
*
33
2
*
15
*
4
May p
1
1
65
*
-96
_
_
Apr. p
Mar.
*
-2
*
•*
45
3
•*
7
-22
*
*•
1
*
-7
*
-3
_____S3.
*
*
6
Feb.
1
6
1
*
6
4
*
4
2
11
*
1
*
30
■
*
46
210
_
Jan.
2
7
1
*
12
*
*•
11
-2
1
*
•*
2
29
•*
38
_
*
2
*
*
1
2
Dec.
i to
Europe:
Austria.........................
Belgiunw-Luxembourg.............
Denmark........... .............
Finland............ ............
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands.....................
Norway..........................
Portugual.......................
Spain...........................
Sweden..........................
Switzerland.....................
Turkey..........................
United Kingdom..................
Yugoslavia......................
Other Western Europe............
1971
1973
_
_
_
*
_
_
*
1
*
_
*
*
*
*
*
*
*
*
*
*
296 _
801
317
224
60
_
-26
_
-42
68
„
-63
3
-
-
-
-
-
-3
38
60
-26
-42
68
-63
1,822
289
^248
270
759
385
161
,
Note: Data include transactions in issues of states and municipalities, and of
corporations and other agencies of Ijir U.S. Government.
1/ Through December 31, .1972, Bermuda included with Bahamas.
..
p
*
Preliminary.
Less than $500,000.
•*
*
*
*
.
*
_
Treasury Bulletin
122
______________________ 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
1972
Country
1970
1973
through
May p
1971
1972
Other Eastern Europe...........
-2
-10
*
x
58
195
1
38
128
3
2
3
-7
110
-2
-33
■
*
-2
x
*
3
38
-1
-7
87
131
-1
32
219
2
5
6
-3
168
-2
-49
-1
*
_
1
4
11
6
1
372
-51
10
32
297
-1
23
6
-4
639
2
561
x2
*
x-
2
71
•X
*
112
7
8
50
138
5
6
3
-1
472
2
161
*
3
_
*
Total Europe....................
482
627
Canada............................
-9
-93
1.911
-78
x1
1
x*
9
-3
-1
-1
6
*
-3
-1
-1
*
*
-6
5
-1
-1
-4
-7
46
13
-3
37
-1
X
X-1
5
-3
X-1
-7
13
5
-35
-7
-32
*
*
50
-2
*
x48
•x
2
-2
11
108
X1
56
-2
X4
159
•X
4
*
34
256
*
X
-1
*
-1
Europe:
Austria.........................
Belgium^Luxembourg.............
Denmark.........................
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands.....................
Norway..........................
Portugual.......................
Spain................ ..........
Sweden..........................
Switzerland.....................
Turkey..........................
United Kingdom..................
Yugoslavia......................
Other Western Europe...........
Lat ^ A m e r i c a :
Argentina....................
Brazil..........................
Chile...........................
Colombia........................
Cuba............................
Mexico....... ..................
Panama..........................
Peru............................
Uruguay.... .....*..............
Venezuela.......................
Other Latin American Republics..
Bahamas 1/......................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan).....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
14
26
-4
47
x*
55
*
x
2
10
x1
*
16
85
1,038
297
392
114
-1
24
1
*
*
*
*
-1
6
X1
-1
-3
-a
-23
8
-51
*
XXX_
1
3
XX-1
*
9
-4
1
8
1
*
XXX1
2
*
XXX-16
-10
3
-20
-10
*
-2
-1
*
-1
2
149
"2
1
-1
22
168
_
X
7
*
XX32
X*
X4
42
XX6
XXX73
XXX5
85
X3
X-1
1
39
Xx*
4
46
1
j
*
*•
I
*
X*
*
X-
-1
“
*2
1
-1
*
XXXXX-
2
X
*
X-
_
Total Africa....................
-1
*
*
•*
*
1
*
Other countries:
Australia.......................
All other.......................
1
*
-2
x-
X-1
—2
-1
1
■-■'"OTT"
Feb.
1
10
XX32
29
2
7
47
2
1
1
X
142
X118
*
1
X-
*
-1
*
x-1
Total other countries..........
Jan.
X18
-1
X48
-3
X-3
42
X1
X
2
59
X
132
*
1
_
X-
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire........ ..................
Other Africa....................
Total foreign countries..........
Dec.
1973
l
I
i
677
*•
22
XX
25
4
2
19
67
1
1
X
-1
151
X82
X
2
_
X
.... -m...,
36
XXXXX-2
-3
*
■
X
X
-1
-9
3
2
Mar.
Apr. p
*
12
X
X35
8
2
10
47
1
2
2
-1
148
*
21
*
1
_
•X
3_
(CD
1
01
Q7
1
15
-Ort.
JL
J.
*
53
X-16
X*
288
25
_____ 3?..
-7
*
*
x*
x1
1
XX1
1
-11
2
-4-
*
*
*•
*
*
X3
*
*
-1
*
-10
-10
1
.... ... ?
... -10.,
-16
X
*
-4
X*
X21
*
*
*
......4
...21
*
-1
*
XxX6
-2
*•
X2.
5
*
X*
*
X
*
2
*
1
*
-1
5
-7
-6_
_
_
*
-5
*
*
*
10
*
*
•X
..... 7
...1 1
X*
X*
X-
_
_
•X
*
*
*
*
-3
■
X
*
*
XX*
X1
1
*
*
-2
*
*
XX-
1
*
*
*
*
•X
2
*
1
X-
1
X-
*•
1,259
345
482
449
340
135
-137
35
4f
*
-
4
XX-
7
*
X-
4
«
-
10
*
-
4
11
*
-
*
-
, 11„,.
54
86
36
4
7
4
10
4
626
731
2,140
1,305
350
489
453
350
139
1/ Through December 31, 1972, Bermuda included with Bahamas,
p
Preliminary.
*
Less than $500,000.
-22
■
X
-44
*
*
•X
22
Grand total......... ........
2
-2
-14
XX
x-
-19-?
Total international and regional
-
*
_2
X-
22
-
85
*
1
X-
XX
104
International and regional:
International................
European regional..............
Asian regional..................
African regional................
53
1
-
May p
_
-126
.
July 1973
123
^CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
1972
Calendar year
Country
Eurone:
Austria.........................
Belgium-Luxembourg.............
Denmark.........................
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands.....................
Norway..........................
Portugual.......................
Spain....... ...................
Sweden..........................
Switzerland.....................
Turkey..........................
United Kingdom..................
Yugoslavia......................
Other Western Europe...........
Other Eastern Europe...........
Total Europe..... ..............
Canada.............. .............
Igftto America:
Argentina.......................
Brazil..........................
Chile...........................
Colombia........................
Cuba............................
Mexico..........................
Panama..........................
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics..
Bahamas,1/......................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel*.........................
Japan...........................
Korea...........................
Philippines....... .............
Thailand........................
Other Asia............. ........
Total Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa.......... .........
Total Africa....................
Other countries:
Australia............... .......
All other.......................
Total other countries..........
Total foreign countries..........
International and regional;
International...................
European regional...............
Latin American regional.........
Asian regional..................
Total international and regional.
Grand total........................
1973
through
May p
1970
1971
2
7
6
8
10
-22
*
21
19
6
3
1
-1
43
*
8
*
-2
*
1
-3
9
1
*
-15
*
10
11
2
*
4
-1
36
*
-19
1
29
7
-25
30
-4
-2
32
27
6
2
9
3
55
*
15
-5
*
3
*
*
-
1972
-
108
32
188
-699
-395
-793
2
1
53
-2
*
-2
-24
*
*
5
-17
-6
1
-1
-22
-1
5
2
*
-12
-5
1
3
12
-2
7
7
-4
-8
8
1
4
1
-90
1
2
2
8
-2
-50
16
*
10
-
*
2
2
-3
-161
15
-4
-1
1
14
*
9
2
-6
-209
-6
-24
*
*
*
11
10
5
9
1
*
23
6
7
1
4
1
-3
-24
*
_
50
1973
Dec.
Jan.
*
-1
1
-32
9
*
_
3
10
*
*
*
*
3
-5
7
_
-6
*
5
*
1
4
4
*
10
1
*
*
*
*
12
_
-2
_
■
*
35
Feb.
Mar.
Apr. p
*
1
6
2
4
-2
*
3
•*
*
*
* 2
*
5
_
-3
*
1
2
1
*
-4
*
5
4
4
*
1
*
-8
_
1
*
-3
•*
-2
1
*
1
1
*
2
1
1
1
*
•*
-10
-2
HLr
-21
1
-1
*
*
-
-
_
_
_
*
6
1
2
_1
2
*
3
*
1
-178
-89
19
10
2
-35
1
-20
•*
-11
10
•*
*
6
*
-32
4
5
1
-2
*
*
_
-32
1
*
1
2
*
-6
2
*
1
-35
*
*
_
-29
5
*
*
3
*
-8
-1
-1
*
*
*
-20
*
2
*
*
*
2
*
-1
*
*
*
*
*
*
_
13
1
*
*
1
*
-9
1
*
-99
-69
-33
-64
-17
7
-2
_
*
12
1
-3
-215
19
-12
-2
_
_
*
*
*
_
-26
11
_
-2
_
*
-4
1
1
-102
27
1
_
■"is'ss—
_
■
*
-3
1
_
-32
9
May p
.. .JL..
-l
-13
•*
*
*
*
1
*
*
*
1
1
*
•*
1
*
-7
2
*
1
3
*
*
_
-1
•*
*
-12
-15
_
1
-16
2
*
_
*
_
*
1
-1
-24
.. ..17—
-187
•*
*•
-7
2
6
_
6
*
-1
-26
16
_
*
*
*
*
2
5
2
*
*
*
*
*
-134
-232
-195
-74
-17
-25
-11
*
*
_
-
•*
*
*
_
_
_
*
_
_
_
_
-
_
_
*
_
2
2
1
_
_
_
_
*
_
_
*
_
1
1
_
_
_
_
•*
1
*
*
*
*
1
*
*
13
1
3
_
1
*
.
-1L.
*
*
*
-15
2
-9
*
~
¥■
-2
-2
-58
-55
-61
-60
13
10
28
6
26
6
15
3
*
*
*
*
32
17
1
*
1
l
l
2
,- m ____
2
-4
-186
9
-2
16
1
6
4
1
10
*
*
*
*
9
-2
23
16
11
-132
*
19
-170
-15
23
34
-695
-624
-929
-355
-177
1
-80
-277
-124
3
28
36
2
18
*
-
16
-50
-256
-311
-951
-935
2 / Through December 31, 1972, Bermuda included with Bahamas,
p
Preliminary.
*
Less than $500,000.
-231
9
*
*
*
_
*
-93
56
9
-1,021
-298
-222
*
*
1
1
*
14
-26
iO
*
1
_
Treasury Bulletin
124
_____________________ 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)
1972
Calendar year
Country
1970
Europe:
Austria.........................
Other Eastern Europe...........
*
-19
■
*
*
-30
-4
-1
-9
48
*
*
*
*
1
*
-43
*
*
Denmark........... .............
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands.....................
Norway..........................
Portugual.......................
Spain...........................
Sweden..........................
Switzerland.....................
Turkey...... ............. .
United Kingdom..................
Yugoslavia......................
Other Western Europe...........
1972
1971
*
6
*
-2
-24
8
*
2
70
*
*
-3
*
25
1973
through
May p
•*
2
23
*
*
-10
34
*
1
164
-2
1
-4
*
85
*
26
*
*_
-
-
-75
*
*
-
*
8
■
X
*
-11
-1
*
1
41
*•
*
* ''
■
*
9
*
-66
Dec.
1973
Jan.
Feb.
Mar.
_
3
*
_
6
*
*
1
20
*
*
*
*
2
_
-11
_
*
_
21
2
-1
*
*
6
*
*
*
*
2
_
-9
*
-10
*
•*
-25
*
2
*
_
-14
*
*
*
9
*
*
*
*
2
_
-21
_
_
*
-22
21
22
31
35
-1
*
*
_
*
4
*
*
*
*
*
*
_
*
1
*
_
*
*
*
1
-1
*
*
*
-1
*
*
_
*
*
*
*
■
*
*
*
-1
-2
*
•V
*
1
-2
*
-4
-2
_
1
-3
*
-
-1
-4
*
-1
-4
*
*
*
*
4
-3
_
-1
*
_
-4
*
*•
1
-1
*
*
*
*
3
_
-22
-
*
*
*
*
-
-
Apr. p
*
3
1
5
May p
-X
1
¥■
•X
-1
-1
*
-1
6
•X
*
*
_
1
*
-3
_
-
Total Europe....................
-58
6
320
Canada............................
114
120
i4^
Latin America:
Argentina.......................
Brazil........... ..............
Chile...........................
Colombia........................
Cuba............................
Mexico..........................
Panama.......... ........
..
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics..
Bahamas l/................ .
Netherlands Antilles and Surinam
Other Latin America............
-1
-3
2
*
_
1
-6
*
*
-3
*
3
-13
*
1
-4
*
*
_
-6
1
*
*
■
*
-2
-9
-18
*
9
-1
*
*
-1
6
*
*
-1
18
-1
-1
*
2
-1
*
*
1
*
-2
-8
-1
*
*
*
*
*
*
*
*
*
_
*
-2
*
*
*
-3
-2
*
-21
-38
28
-11
5
-7
*
2
*
*
1
*
-1
-1
1
1
_
_
_
-
-
_
■
*
*
*
2
14
*
10
_
_
-
*
1
30
_
*
*
*
*
*
42
*
*
*
-2
*
*
*
*
*
-1
X
*
*
40
16
39
41
10
13
-
-
-
_
-
-
-
_
*
*
-1
Total Latin America............
Asia:
China, People’
s Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
Total Africa....................
£fcher countries:
Australia.......................
All other.......................
-
-
*
3
*
*
-26
-52
*
-1
*
*
-134
•76
-2
*
-1
*
*
-2
*
*
-3
-2
*
*
-1
*
-5
-6
-3
*
-3
mi s r m
*
_
Total other countries..........
-3
-2
-2
Total foreign countries..........
33
-49
International and regional:
International...................
Asian regional..................
2
1
-
-
Total international and regional.
2
1
Grand total........................
35
-49
1/
p
*
Through December 31, 1973>, Bermuda included with Bahamas,
Preliminary.
Less than $500,000.
-1
-2
*
*
-3
*
3
1
3
409
-
-
-
*
-1
*
*
-6
-125
*
-2
*
•x-
*
1
*
*
1
5
*
1
*
-3
5
-.-1?,-,-,
85
*
10
*
*
*
112
*
*
*
-4
118
I
_
_
*
3
*
-3
39
-
*
*
*
•x*
*
*
-
_
_
-
X
1
-1
10
-
_
2
-2
*
-1
1
-1
-
*
■
x
-
•x
-2
16
_
_
*
*
_
_
-1
*
*
*
*
*
*
*
•X-
-1
*
*
*
*
*
*
*
*
*
*
*
*
171
55
6
48
97
9
_
-
_
-
-
-
_
-
-
97
9
-1
-1
-2
*
*
*
*
*
171
_
_
*
*
*
*
*
*
*
55
7
48
_
_
■
X
*
11
11
July 1973
125
___________________ CAPITAL MOVEMENTS_______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During May 1973 Preliminary
Country
____ ____________________________ (in millions of dollars)_________ ____________________________
Gross sales by foreigners
Gross purchases by foreigners
Domestic securities
Foreign securities
Domestic securities
Foreign securities
Marketable
Corporate and
Marketable Corporate and
Total
Treasury
other
Total
Treasury
other
purchases
* Bonds
sales
Stocks
bonds and
Bonds
Stocks
notes
notes
Bonds Stocks
Bonds Stocks
Eurone:
Austria...........................
Belgium-Luxembourg...............
Denmark...........................
Finland...........................
France............................
Germany...........................
Greece............................
Italy.............................
Netherlands.......................
Norway............................
Portugal..........................
Spain.............................
Sweden............................
Switzerland.......................
Turkey............................
United Kingdom....................
Yugoslavia........................
Other Western Europe.............
Other Eastern Europe.............
Total Europe......................
Latin Merica:
Argentina.........................
Brazil............................
Chile.............................
Colombia..........................
Cuba.'.............................
Mexico............................
Panama............................
Peru..............................
Uruguay...........................
Venezuela.........................
Other Latin American Republics....
Bahamas...........................
Netherlands Antilles and Surinam..
Other Latin America..............
Total Latin America..............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)......
Hong Kong.........................
India.............................
Indonesia.........................
Israel............................
Japan.............................
Korea.............................
Philippines.......................
Thailand..........................
Other Asia........................
Total Asia........................
Africa:
Egypt.............................
Morocco...........................
South Africa......................
Zaire.............................
Other Africa......................
Total Africa......................
Cfther countries:
Australia......... ...............
All other.........................
*
*
3
*
_
4
5
*
10
1
7
■
*
2
94
180
10
_
-
1,015
72
318
164
-
13
2
*
*
*
*
6
16
*
1
3
2
28
32
23
115
_
_
_
*
_
_
*
•*
*
¥r
_
_
*
1
_
*
*
*
1
1
*
*
■
*
*
*
3
12
*
1
2
2
22
28
13
*
4
2
46
2
*
100
40
2
24
57
14
2
4
6
342
1
350
*
24
_
*
*
13
*
*
4
119
*
1
*
15
152
*
•*
*
_
*
5
_
_
_
54
12
-
-
2
36
1
*
88
31
2
9
46
1
2
3
3
228
1
88
*
2
_
•*
542
.“SB"
45
—
w
84
*■
10
*
*
•*
27
•*
*
*
12
50
*
*
_
3
16
*
*
2
22
2
30
2
•*
*
1
*
1
1
_
_
-
_
>
_
•*
*
*
*
*
*
*
14
1
-
*
-
1
* „
-
38
.... "52
*
*
*
_
1
1
*
*
*
*
1
1
1
_
30
_
_
-
*
4
*
5
1
*
1
8
•*
•*
12
13
_
•*
_
-
1
*
*
*
_
1
3
*
1
*
4
2
9
21
1
1
*
_
•*
1
_
*
_
■
*
-
*
2
1
*
3
4
*
3
2
1
1
*
*
7
14
*
_
-
1
5
-
_
1
45
*
*
2
47
1
*
101
87
1
19
64
1
*
4
5
296
*
317
14
_
*
960
.... isor
■
*
*
73
12
_
*
1
L
*
3
9
*•
5
2
*
*
•*
2
18
60
*
_
___
86
103
*
...... 1
_
1
4
3
45
42
15
-
*
*
*
■
*
•*
*
*
l
l
•*
126
-
3
30
*
*
*
*
*
*
*
*
*
1
1
1
*
*
-
4
10
•*
*
18
*
■
*
33
77
■
*
*
1
6
-
48
135
30
*
_
*
*
1
*
*
*
4
*
*
-
1
5
-
13
1
1
*
-
2
36
1
*
90
74
*
11
60
1
*
3
4
250
*
132
2
665
•*
5
2
3
1
1
*
■
*
■
*
16
35
*
-
..."5T
.. ""TT
1
■
*
*
*
3
9
*
*
3
3
32
38
12
101
63
*
*
*
*
*
*
1
•*
11
•*
*
3
*
7
2
•*
2
2
*
*
*
11
*
16
*
43
...v r
*
1
*
*
1
*
*
*
1
2
2
*
15
7
*
15
*
•*
*
17
•*
*
1
5
39
*
1
29
*
*
*
*
31
35
*
*
•*
*
*
3
*
•*
*
2
*
3
*
2
* 4
*
1
*
*
*
2
*
3
29
*
*
*
-
Total other countries............
15
-
*
1
14
*
*
1
-
1
*
*
Total foreign countries............
1,4&
102
338
758
128
137
1,406
117
114
895
153
126
International and regional:
Intemat ional.....................
European regional..............
Latin American regional..........
Asian regional....................
African regional.................
72
*
5
*
25
_
4
26
_
_
_
_
11
_
*
_
10
*
1
_
148
4
*
_
58
_
89
-
*
*
1
-
-
Total international and regional..
78
29
131
26
11
11
-
152
62
364
769
139
1,558
179
Grand total.........................
*
Less than $500,000.
1,541
-
_
137
-
4
-
-
-
-
89
*
1
204
896
154
12^
126
Treasury Bulletin
_____________ _____________________________ CAPITAL MOVEMENTS____________________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
'T'able CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1972
(In millions of dollars)
Gross sales by foreigners
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Eurone:
Austria...........................
Belgium-lAncciiiDourg................
Finland...........................
France............................
Italy.............................
Netherlands.......................
Norway............................
Spain.............................
Sweden...................... ......
Switzerland...................... „
Turkey............................
United Kingdom....................
Yugoslavia........................
Other Eastern Europe.......... .
Marketable
Total
Treasury
purchases bonds and
notes
42
966
36
12
2,016
1,185
23
380
1,195
80
36
84
151
4,925
4
4,723
*
226
*
1
16,085
3.474
La;tin ..America:
Argentina.........................
*•
1
•*
X
•x
*
88
5
332
* V
426
A65
_
*
_
*
*
_
_
_
*■
*
Corporate and
other
Bonds
8
144
5
1
390
205
*
123
92
46
1
9
27
521
*
1,547
*
189
Bonds
Stocks
Domestic securities
Total
sales
Stocks
30
676
20
2
1,506
838
21
194
830
23
31
60
28
3,972
3
2,266
*
29
*•
■
*
1
89
10
9
73
70
*•
55
43
10
3
13
7
202
334
8
3
57
*•
•*
47
71
*
7
230
1
2
3
1
225
*•
243
*
1
30
874
18
35
1,289
1,130
15
267
641
47
9
69
70
4,026
2
3,796
1
33
*
*
12,352
1
3,310
10,529
927
892
410
1.336.
427
836
21
2
3
6
_
69
83
1
4
40
10
3
4
2
«.
36
15
3
2
14
4
61
23
10
*
*
*
_
10
15
*
*
2
20
36
31
*
1,414
178
124
27
6
3
8
*
213
114
2
6
57
41
869
544
19
1,910
_
*
15
*
*
11
638
*
2
*
4
671
3.744 .
Marketable
Treasury
bonds and
notes
*
■
*
1
*
*
*
*
•*
*
9
19
328
*
Foreign securities
Corporate and
other
Bonds
Bonds
2
26
115
664
1
14
*
2
55 1,134
129
889
1
11
162
75
27
533
16
24
*
8
4
54
25
31
387 3,333
•*
2
1,227 1,705
*
•*
1
26
*
359
2,063
*
_•
*
*
*•
*
*
•*
60
3
34
43
74
3
24
15
5
*
3
4
146
-*
319
5
*
8,619
1*413
88
Stocks
Stocks
22
2
3
7
_
1.220
1
34
*
*
57
37
*
5
66
3
*
7
1
141
*
217
*
1
___ m
69A
_
.
_
*•
_
_
2
*
*
*
_
12
4
*•
*
2
*
43
27
*
*
90
1,446.
*
2
276
4
5
310
1,501
12
67
3
90
2,270
*
585
*
*
V
2
250
4
1
20
190
*
12
3
75
557
M.
9
1
4
252
29
12
51
5
585
_
*
5
*
1
7
*
*
5
18
363
*
3?
690
3
1
____ £ _
746
Total Latin America...............
1,829
*
3
*
*
2
9
6
*
1
2
1
69
19
1
112
Asia:
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan)......
Hong Kong.........................
India.............................
Indonesia.........................
Israel............................
Japan.............................
Korea.............................
Philippines.......................
Thailand..........................
Other Asia........................
3
352
3
1
74
4,604
*
67
3
135
_
_
*
_
_
*
3,248
_
*
_
*
9
*
*
1
320
1
*
11
_
3
306
1
1
24
349
*
16
3
110
Total Asia........................
Africa:
Egypt.............................
Morocco...........................
South Africa......................
Zaire
Other Africa......................
5,243
3,248
342
814
_
*
21
2
*
38
49
*
49
*
10
168
•*
1
5
1
143
—
126
•*
*
*
—
2
*
1
3
1
9
*
*
*
—
7
*
*
2
—
*
*
1
6
1
83
—
1
*
•*
*
—
*
*
1
3
1
9
*
*
—
68
¥■
3
*
5
Total Africa......................
Other countries:
Australia.........................
All other.........................
150
126
2
12
8
2
90
1
*
14
68
8
25
_
28
6
1
■
*
12
2
*
_
2
*
*
8
34
1
*
*
*•
7
2
25
•*
*
*
6
1
Total other countries............
60
7
67
Total foreign countries............
26,347
4,291
4,177
14,112
1,741
;2^526
859
3
37
5
*
60
486
_
_
3
142
1
167
1
*
30
*
_
489
4,666
14?
14,256
199
1,941
Chile.............................
Colombia..........................
Cuba..............................
Mexico............................
Panama............................
Peru..............................
Uruguay...........................
Venezuela.........................
Other Latin American Republics....
Bahamas and Bermuda...............
Netherlands Antilles and Surinam..
Other Latin America...............
International and regional:
Inte m a t ional.....................
European regional.................
Latin American regional..........
Asian regional....................
African regional......... ........
Total international and regional..
Grand total.........................
*
Less than $500,000.
44
I
7
10
*
125
119
4
7
58
71
848
517
12
8
_
_
905
68
27,752
4,358
46
683
444
11
3
5
_
_
1
_
15
20,381
691
*•
12
*
*
*
It 032..
_
11
6
704
11
2,532
21,084
1*043
64
86
2
6
47
33
678
479
18
92t501 12.058
341
*
57
*
_
_
*
*
,58 .
341
2,842 12t116
2
3
*
1
_
127
14
1
*
6
6
111
7
*
277
2
2,669
1
1
*
*
_
11
9
*
*
2
2
37
32
*
12
4
...-..42,120
290
3
2
*
_
292
2,961
2,123
July 1973
127
______________________ CAPITAL MOVEMENTS_______________________
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-1. - Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
1968
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Lrtin America............
Asia:
China, People's Republic of
(China Mainland)......... .
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel............ .............
Korea...........................
Thailand........................
Other Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Other Africa....................
fljhgr countries:
Australia.......................
All other.......................
1
16
1
*
19
22
*
8
16
2
1
5
1
84
*
49
*
1
1
14
1
*•
26
20
*
9
9
1
*
5
1
89
*
56
*
1
Sept.
Dec.
Mar. p
_
_
_
*
*
•*
*
*
*•
430
294
243
193
226
234
211
276
226
87
52
36
56
38
22
21
33
17
2
1
1
1
*
6
6
1
2
7
2
34
20
*
1
•*
*
*
*
3
3
1
1
5
1
34
14
*
1
*
■
*
*
*•
3
3
*
1
5
1
15
11
*
1
1
*
•*
*
4
2
*
1
2
3
19
10
*
1
*
*
*
*
4
4
*
1
3
1
11
8
*
1
*
*
*
*
4
3
*
1
2
1
11
9
•*
1
*
*
*
*
4
2
*
*
2
1
9
8
*
3
*
*
*
•*
3
3
*
1
3
1
9
12
*
82
64
40
43
34
32
28
35
1
*
*
*
*
3
2
■
*
1
2
1
11
21
3
47
*
*
12
*•
*
1
2
*
11
*
7
_
_
_
-
_
34
*
*
10
*
■
*
*
*
*
3
*
7
21
*
19
*
*
■
*
1
*
2
*
5
27
*
9
*
•*
1
1
*
1
*
4
17
*•
18
*
*•
1
1
*
1
*
3
24
*
11
*
*
1
4
*
1
*
2
21
■
*
10
*
*
1
9
*
1
*
3
24
*
12
*
*
1
4
*
1
*
3
20
*
13
*
*
1
1
*
1
*
2
18
*
*
1
*
1
2
•*
*
*
*•
1
1
*
*
*
*
1
2
*
*
*
*
1
1
•*
*
*
*
1
1
*
*
*
*
1
2
*
*
*
*
*
1
*
*
*
•*
*
1
*
*
*
*
*
1
*
1
*
1
■
*
1
■
*
1
*
1
*•
*
*
*
*
-
Uruguay.........................
June
_
*
Cuba............................
*
14
*
*
19
15
■
*
10
10
1
■
*
4
1
73
•*
43
*
1
Mar.
*
Other Eastern Europe...........
Chile...........................
1971
1
17
1
*
26
17
1
16
14
1
*
6
1
100
*
40
*
1
Other Western Europe...........
Turkey..........................
United Kingdom..................
1970
1973
2
19
■
*
*
18
14
*
8
12
1
*
3
1
153
*
61
*
1
•*
*
1
14
1
*
31
22
1
16
22
3
1
7
3
239
*
67
*
1
Italy.........................
1969
1972
_
1
16
1
*
15
, 20
■
*
13
10
1
*
5
1
83
*
46
*
1
1
21
■
*
*
47
22
•*
23
10
2
*
5
1
88
■
*
56
*
•*
1
12
*
25
15
¥■
37
6
1
*
5
1
75
*
46
*
*
-
1
Total other countries..........
1
1
1
1
1
1
1
*
*
*
*
Total foreign countries..........
636
434
349
311
325
312
286
366
310
International and. regional.......
-
-
-
-
’-
-
-
-
-
636
434
349
311
325
312
286
366
310
Note: 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.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminaiy.
* Less than Sf500,000.
Treasury Bulletin
_______________________CAPITAL MOVEMENTS______ ___________________________________ _ _
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-2. - Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)
1972
Calendar year
Country
Europe:
1968
1970
Peru....... ................ .
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
June
Mar.
Sept.
Dec.
Mar. p
*•
5
*
*
15
23
2
12
13
*
1
6
*•
59
*
42
10
*
11
*
*
21
30
1
15
17
1
1
6
1
54
'•*
50
*
19
-
-
*
*
8
*
*
14
25
1
14
7
*
1
6
1
64
*
42
*•
1
*
*
10
*
*
15
24
1
12
20
1
1
5
1
87
■
*
35
*
6
*
*
18
23
1
9
12
*
*
5
1
42
*
37
*
1
_
-
1
8
*
*
19
26
1
15
9
*
1
6
1
45
*
29
48
*
239
146
155
155
212
186
189
228
209
HI
61
49
54
52
29
32
38
24
3
*
1
*
*
5
4
1
3
2
*
38
18
*
3
*
1
*
*
3
4
*
1
3
1
24
6
*
2
1
*
*
*
3
4
*
*
4
1
21
5
*
1
*
*
*
*
5
4
•*
*
4
1
21
14
*
1
*
*
1
*
7
5
*
*
5
1
18
11
*
1
1
*
1
*
8
5
■
*
1
5
1
14
9
*
2
1
*
1
*
9
5
*
*
5
2
12
9
*
3
1
*
1
*
10
6
*
*
6
2
14
12
*
3
1
*
*
*
10
5
*
1
5
1
6
9
4
77
45
41
52
50
46
47
54
45
-
-
-
-
•*
65
*
*
2
2
*
*
1
5
76
1
_
*
*
5
1
*
12
14
*
9
12
1
*
2
1
50
*
37
*
1
-
Latin America:
Chile...........................
1971
*
9
*
*
16
20
1
12
8
1
*
3
1
38
*
44
*
1
*
*
*
15
*
*
22
20
1
13
12
1
*
5
1
106
*•
41
-
Other Eastern Europe...........
1969
1973
Agia:
China, People’
s Republic of
(China Mainland)......... .
China, Republic of (Taiwan)....
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
_
*
18
*
*
*
1
*
10
*
18
*
12
*
*
1
*
*
2
2
- 7
*
23
*
*
2
1
*
1
*
6
Total Asia......................
49
24
■
*
*
1
*
*
Total Africa....................
-
*
-
.
2
-
*
'
*
52
*
*
2
2
*
1
1
5
*
62
■
*
*
2
2
*
2
1
7
*
52
*
*
3
2
*
1
1
6
•*
*
59
*
*
3
5
*
*
1
5
35
*
40
*
*
3
4
*
1
*•
4
53
63
75
65
73
*
*
1
*
*
*
*
*
*
1
*
*
*
*
*
*
*
1
*
1
*
*
1
*
1
*
1
*
1
*
*
1
2
1
1
1
1
*
*
1
*
1
2
2
2
2
fitter countries:
Australia.......................
All other.......................
*
*
1
*
*•
*
*
*
1
*
1
*
1
*
1
*
1
*
Total other countries..........
•*
1
1
1
1
1
1
1
1
Total foreign countries..........
508
278
281
314
379
339
336
396
357
Africa:
Egypt...........................
Morocco................... ......
South Africa....................
Zaire................... ........
Other Africa....................
International and regipiaal........
Grand total........................
-
508
-
278
-
-
281
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
-
314
379
-
~
339
-
336
-
396
their accounts carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
_
*
_
357
July 1973
129
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section III - Federal Credit Programs
Table GA-III-1. - Direct Sales and Repurchases of Loans
(in millions of dollars)
Export-Import
Bank of the
United States
Total
Fiscal year
or month
Sales
1,150
936
696
954
1,070
1,337
2,115
2,548
3,045
1972-May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1Q73-Jan.
Feb.
Mar.
Apr.
May.
Repur
chases
Sales
Repur
chases
Farmers Home
Administrat ion
Sales
2/
92
213
428
842
305
781
436
124
63
153
91
379
406
269
248
261
L
187
119
157
391
729
974
959
1,668
2,005
2,430
159
62
24
55
16
10
124
46
368
95
455
129
308
720
30
48
26
18
23
26
185
95
712
149
610
19
31
35
26
24
1
16
16
111
11
Repur
chases
50
174
405
569
287
574
341
51
426
93
307
616
23
43
30
46
13
16
16
19
185
21
533
146
550
17
29
32
24
20
Fiscal 1973
262
21
3,269
306
3,826
144
to date.......
The secondary market operations of Federal National Mortgage Associ
ation were converted to private ownership effective Sept. 30, 1968,
pursuant to P.L. 90-448 (82 Stat. 536). Amounts reported exclude the
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
Housing and Urban Development Department
Government
Office of Secretary
National Mortgage
2/
Association l/
Sales
144
264
6
Repur
chases
Sales
104
33
11
Repur
chases
Small Business
Administration
Sales
5
31
120
2
30
Repur
chases
2
15
6
•*
2
1
Veterans
Administrati on
Sales
342
327
105
71
2
*
38
244
368
Repur
chases
41
24
17
12
12
19
35
1
2
27
43
13
36
88
1
2
2
2
2
2
73
68
4
60
2
2
2
2
4
412
23
through Sept. 30, 1968 $296‘
million.
2/ Includes college housing, elderly housing, and public facility loans.
2 J Sales by fiscal years 1964-1966 are on basis of actual figures shown
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.
Treasury Bulletin
130
CUMULATIVE TABLE OF CONTENTS
August 1972 through July 1973
Issue and page number
1972
Sections
Sept.
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.............................
Loan disbursements and repayments, net lending, and
loan balances of Federal Credit Programs..........
Detail of excise tax receipts........................
Accountability of the Treasurer of the U.S. on an
accounting basis...................................
Summary of internal revenue collections by States,
and other areas....................................
1973
Oct.
Nov.
Dec.
Jan.
Mar.
Apr.
May
June
July
V
VI
VI
v
V
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
l
2
4
5
6
7
9
10
9
10
9
10
9
10
9
10
9
10
9
10
11
13
11
11
14
11
11
...
11
13
11
...
...
13
...
...
14
16
14
15
16
14
II
II
V
VI
VI
V
1
2
4
5
7
8
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
10
11
9
10
9
10
9
10
9
10
11
11
13
11
...
...
...
14
16
14
16
16
12
Feb.
VI
14
Federal obligations....................................
...
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United
States.............................................
Analysis of changes in tax and loan account balances.
Summary of cash transactions through the Account of
the Treasurer of the United States................
Gold assets and liabilities of the Treasury.........
13
14
18
19
20
21
18
19
20
21
20
21
18
19
23
24
18
19
19
20 '
20
21
18
19
15
15
20
20
22
22
20
20
22
22
22
22
20
20
25
25
20
20
21
21
22
22
20
20
Monetary statistics:
Money in circulation.................................
19
21
23
21
23
23
21
26
21
22
23
21
17
22
24
22
24
24
22
27
22
23
24
22
17
18
22
23
24
25
22
23
24
25
24
25
22
23
27
28
22
23
23
24
24
25
22
23
18
19
23
24
25
26
23
24
25
26
25
26
23
24
28
29
23
24
24
25
25
26
23
24
20
21
22
23
25
26
27
28
27
28
29
30
25
26
27
28
27
28
29
30
27
28
29
30
25
26
27
28
30
31
32
33
25
26
27
28
26
27
28
29
27
28
29
30
25
26
27
28
24
29
31
29
31
31
29
34
29
30
31
29
25
26
30
31
32
33
30
31
32
33
32
33
30
31
35
36
30
31
31
32
32
33
30
31
28
33
35
33
35
35
34
39
34
35
36
34
32
36
38
36
38
38
37
42
37
38
39
38
39
41
41
40
45
40
41
42
41
41
43
43
42
47
42
43.
44
43
Federal debt:
Summary of Federal debt..............................
Computed interest charge and computed interest rate
on interest-bearing public debt...................
Interest-bearing public debt.........................
Maturity distribution and average length of market
able interest-bearing public debt.................
Special public debt issues...........................
Interest-bearing securities issued by Government
agencies...........................................
Participation certificates...........................
Debt subject to statutory limitation................
Status and application of statutory limitation...... ij
Treasury holdings of securities issued by Government
corporations and other agencies.................... |
Public debt operations:
Maturity schedule of interest-bearing marketable
public debt securities other than regular weekly
and annual Treasury bills outstanding.............
Offerings of Treasury bills..........................
New money financing through regular weekly Treasury
bills..............................................
Offerings of public marketable securities other than
regular weekly Treasury bills......................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations
Allotments by investor classes on subscriptions for
public marketable securities.......................
Disposition of public marketable securities other
than regular weekly Treasury bills................
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries........
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries..........................................
i
1
35
39
41
j
37
41
43
!
40
44
46
44
46
46
45
50
45
46
47
46
I
45
48
50
48
50
50
49
54
49
50
51
50
i
59
57
59
57
60
60
59
65
60
61
63
62
62
59
61
59
62
62
61
67
62
64
66
65
62
63
65
59
60
62
61
62
64
59
60
62
62
63
65
62
63
65
61
62
64
67
68
70
62
63
65
64
65
67
66
67
69
65
66
68
66
67
...
...
...
...
65
66
...
•••
United States savings bonds:
Sales and redemptions by series, cumulative......... !
Sales and redemptions by periods, all series
combined...........................................
Sales and redemptions by periods, Series E through K.
Redemptions of matured and unmatured saving bonds.... i
Sales and redemptions by denominations, Series E and
H combined.........................................
Sales by States, Series E and H combined............
following page)
63 >
...
68
July 1973
131
CUMULATIVE TABLE OP CONTENTS____
August 1972 through July 1973 (Continued)
Issue and page number
1973
1972
Sections
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
ieb.
Mar.
May
Apr.
June
July
69
70
69
United ..States savings notes:
Sales and redemptions by periods.....................
68
63
65
64
66
66
Cl
71
66
Ownership of Federal securities:
Distribution by classes of investors and types of
issues.............................................
Estimated ownership by private investors............
69
70
64
65
66
67
65
66
67
68
67
68
68
69
72
73
67
68
70
71
71
72
70
71
Treasury Survev of ownership...........................
71
66
68
67
69
69
70
74
69
72
73
72
77
...
Treasury survev-commercial bank ownership.............
78
...
...
...
...
Market auotations on Treasurv securities:
End-of-month closing quotations by issues...........
Chart - Yields of Treasury securities...............
84
86
73
75
75
77
74
76
76
78
76
78
83
85
81
83
87
76
78
77
79
79
86
88
77
79
78
80
80
87
...
...
80
81
...
...
81
82
...
»• •
••♦
...
•••
89
78
82
79
81
83
88
86
90
79
83
80
82
84
89
91
80
84
81
83
85
90
92
93
81
82
85
86
82
83
84
85
86
87
91
92
94
83
87
84
86
88
93
Average yields of lone-term bonds:
Average yields of Treasury, corporate and municipal
bonds by periods....................................
Chart - Average yields of Treasury, corporate and
municipal bonds.....................................
Exchange Stabilization Fund:
Balance sheet........................................
Income and expense...................................
National bank reports:
Income, expenses, and dividends for calendar year 1973
International financial statistics:
U.S. reserve assets..................................
U.S. liquid and nonliquid liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners....................................
U.S. liquid and nonliquid liabilities to official
institutions of foreign countries, by area.........
Nonmarketable U.S. Treasury bonds and notes issued to
official institutions of foreign countries.........
U.S. position in the IMF.............................
U.S. net monetary gold transactions with foreign coun
tries and international and regional organizations...
Capital movements between the United States and foreign
countries:
Liabilities to foreigners reported by banks in the
United States........................................
Claims on foreigners reported by banks in the United
States..............................................
Liabilities to foreigners reported by nonbanking
concerns in the United States.......................
Claims on foreigners reported by nonbanking concerns
in the United States................................
Transactions in long-term securities by foreigners re
ported by banks and brokers in the United States....
Foreign credit and debit balances in brokerage accounts «
1
...
...
76
78
79
81
80
82
79
81
84
79
82
83
82
85
80
83
84
83
81
82
...
...
84
85
...
• •«
85
• ••
83 •
84
86
86
87
84
85
87
87
88
85
86
88
88
89
90
86
87
87
88
89
90
89
90
91
88
89
91
91
97
86
90
87
89
91
96
94
91
92
94
94
105
94
98
95
97
99
104
102
99
100
102
102
111
100
104
101
103
105
110
108
105
106
108
108
115
104
108
105
107
109
114
112
109
110
112
112
121
130
110
119
114
123
111
120
113
122
115
124
120
129
118
127
115
124
116
125
118
127
118
127
Foreign currencies acauired bv the U.S. Government
without payment of dollars:
Foreign currency transactions, summary and country uses
Foreign currency transactions, U.S. uses and trust funds ‘
t ...
...
...
123
124
127
128
...
...
...
•••
•••
•••
•••
126
...
...
•••
•••
128
•••
•• •
130
...
...
129
...
155
156
155
...
129
...
Financial operations of Government agencies and funds:
Government corporations and other business-type
i
activities:
Statements of financial condition..................
1
Statements of source and application of funds.....
Regular Governmental activities:
1
Statements of financial condition..................
Federal credit programs:
Direct sales and repurchases of loans.............
Loans outstanding, excluding interagency loans.....
Trust funds;
Civil Service Retirement and Disability Fund......
Federal Old-age and Survivors Insurance Trust Fund.
Federal Disability Insurance Trust Fund...........
Federal Hospital Insurance Trust Fund............. 1
Federal Supplementary Medical Insurance Trust Fund.
Railroad Retirement Accounts.......................
Unemployment Trust' Fund............................
National Service Life Insurance Fund..............
!!!
...
...
125
149
...
175
...
126
132
...
155
132
...
133
134
135
135
136
136
137
139
140
121
...
125
...
172
173
176
177
178
178
179
179
180
182
183
161
162
165
166
167
167
160
168
169
170
171
129
...
159
160
161
162
163
163
164
166
167
...
...
@FedFRASER