Full text of Treasury Bulletin : July 1974
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Treasury Bulletin
3 V \ ^
J u n-e 1 9 7 4
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
July 1974
1
CONTENTS
Article
- Treasury Financing O perations ............................................................................................
V
FEDERAL FISCAL OPERATIONS
FFO-1.
FFO-2.
Chart
FFO-3.
FFO-4.
- Summary of F iscal O p e r a t io n s .............................. ............................................. ...
' Budget R eceip ts by S o u r c e ........................................................................ ... ......................
- Budget R eceipts by S o u r c e ....................................................................................................
- Budget O utlays by A g e n c y
.......................... ... ............................................. ...
- Undistributed Intragovernmental T r a n s a c tio n s ............... ... ................................................
1
2
4
5
6
FFO-5.
FFO-6 .
FFO-7.
FFO-8 .
- Budget O utlays by F u n c tio n .................................................................................................
- Investm ent Transactions of Governm ent A ccounts in Federal Securities . . .
- Trust Funds T ra n sa ctio n s .......................................................................................................
- Loan Disbursements and Repayments, Net Lending, and
7
9
10
Loan Balances of F ederal Credit P r o g r a m s ...................... ..........................................
11
- S e le c t e d A c c r u a l Data R ep orted by F ed eral A g e n c i e s ..........................................
13
FFO-9.
ACCOUNT OF THE U.S. T R E A SU R Y
UST - 1.
UST -2 .
- Status of the Account of the U.S. T r e a s u r y ............................................................................
- A n alysis of Changes in Tax and Loan A ccou n t B alances .......................................
15
16
UST - 3.
UST - 4 .
- Summary of Cash Transactions through the Account of the U.S. Treasury . . . . . . . .
- Gold Assets and Liabilities of the T reasu ry.................................. ................................
17
17
MONETARY STATISTICS
MS-1.
- M oney
in C ircu la tio n ................................................................................. , ..........................
18
FEDERAL DEBT
FD-1.
FD -2.
- Summary of Federal D ebt.......................................................................................................
- Com puted Interest Charge and C om puted Interest Rate
19
FD-5.
FD-6 .
FD-7.
on Interest-B earing P u b lic D e b t .................................................................................... 19
- In terest-B earin g P u b lic D e b t .............................................................................................2 0
- Maturity D istribution and A verage Length of M arketable
Interest-B earing P u b lic D e b t ........................................................................................... 2 0
- S p e cia l P u blic Debt Issu es.................................................................................................... 21
- In terest-B earin g Secu rities Issued by G overn m en t A g e n c i e s ...........................2 2
- P a rticip a tion C e r t ific a te s ..................................................................................................... 2 3
FD-8 .
- D ebt S u b je ct to S tatutory Lim itation . ........................................................................ 2 4
F D -9.
FD -10.
- Status and A p p lic a tio n o f S ta tu tory L im ita tion ...................................... ....
25
- T rea su ry H o ld in g s o f S e c u r it ie s ...................................... ................................................2 6
FD-3.
FD-4.
II
Treasury Bulletin
CONTENTS
PUBLIC DEBT OPERATIONS
PDO-1.
P D O -2 .
- M aturity S c h e d u le o f In terest-B earin g M a rk eta b le
P u b lic D ebt S e c u r it ie s ......................................................................................................2 7
- O ffe r in g s o f T reasury B i l l s .................................. ... .........................................................2 8
P D O -3 .
P D O -4.
- N ew M on ey F in a n c in g through R e g u la r W e e k ly T rea su ry B i l l s .................31
- O ffe r in g s o f P u b lic M arketable S e c u r i t i e s ............................................................... 35
P D O -5 .
P D O -6 .
- U nm atured M a rk eta b le S e c u r itie s Issued at a P rem ium or D isco u n t . . . 39
- A llo t m e n t s b y In vestor C la sses on S u b s c r ip t io n s for
P u b lic M a rk eta b le S e c u r it ie s ........................................................................................4 2
P D O -7.
P D O -8 .
P D O -9 .
- D is p o s itio n o f P u b lic M ark etab le S e c u r itie s ..........................................................4 5
- F o r e ig n S e r ie s S e c u r i t i e s .............................................................................................. . 5 0
- F o r e ig n C u rr e n c y S e rie s S e c u r i t i e s ........................................................................... 5 9
UNITED STATES SAVINGS BONDS
S B -1 .
S B -2.
S B -3 .
S B -4
-
S a les and R e d e m p tio n s b y S e r ie s , C u m u la t iv e ........................................................©2
S a les and R e d e m p t io n s b y P eriod s, A ll S e rie s C o m b i n e d ............................... 6 2
S a les and R e d e m p tio n s b y P e riod s, S eries E th ro u g h K ................................... 6 3
R e d e m p tio n s o f M atured and U n m atu red S a v in g s B on ds . . . ....................... 6 5
UNITED STATES SAVINGS NOTES
S N -1.
- S a le s and R e d e m p tio n s b y P e r io d s ......................................................................... ... . 33
OWNERSHIP OF FEDERAL SECURITIES
O FS-l.
OFS-2.
- Distributions of Federal S e c u r it ie s ..................................................................................... 6 7
68
- Estimated O w nership o f P u blic Debt S ecu rities ....................... ... ..........................
TREASURY SURVEY OF OWNERSHIP
TSO-1.
TSO -2.
TSO -3.
T SO -4.
TSO -5.
TSO -6 .
- Summary of Federal S e c u r it ie s ........................................................... ... .............................. 6 9
- Interest-Bearing Marketable P u b lic D ebt Securities
by Type and Maturity D is t r ib u t io n ..................................................................................7 0
- Interest-Bearing M arketable P u blic Debt Securities by Issue . . . . . . . . . .
70
- Interest-Bearing N onm arketable P u b lic Debt Securities b y T y p e ............................ 7 2
- Securities Issued by G overnm ent A g e n c i e s .................................................................... 7 2
- S ecu rities Issued by G overnm ent-Sponsored A g en cies and D .C .. . . . . . . .
73
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
- Treasury Bills
77
III
July 1974
CONTENTS
MQ-2.
MQ-3.
Chart
- Treasury N o t e s .................................................................................. ... ................................ • 7 7
- Treasury B o n d s ...............................................................................................................................7 8
- Y ie ld s of Treasury S e c u r itie s ............................................................................................... 79
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
Chart
- A v era g e Y ie ld s o f Long-Term Treasury, C orporate and M u n icip al Bonds • - . 8 0
- A verage Y ield s of Long-Term Treasury, Corporate and M unicipal Bonds . . .
81
EXCHANGE STABILIZATION FUND
ESF-1.
ESF-2.
- B alance S h e e t ........................................................................................................................... 8 2
- Incom e and E x p e n s e ................................................... ..........................................................8 3
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
IFS-2.
IFS-4.
IFS-5.
- U.S. R eserve A ssets.......................................................................................................................8 4
- U.S. Liquid and N onliquid Liabilities to F oreign O fficia l Institutions,
and Liquid L iabilities to A ll Other F o r e ig n e r s ............................................................8 5
- U.S. Liquid and N onliquid Liabilities to O ffic ia l Institutions
.................................................... ....86
of Foreign C ountries, by A r e a ............................
- Nonm arketable U.S. Treasury Bonds and N o t e s ........................................................... ....8 7
" U.S. Position in the I M F ...................................................................................................... ........
IFS-6 .
IFS-7.
- U.S. Net Monetary Gold Transactions with Foreign C o u n t r i e s ................................ 8 9
- Effective Exchange Rate Changes for the Dollar............................................................... .... q q
IFS-3.
CAPITAL MOVEMENTS BETWEEN U.S. AND FOREIGN COUNTRIES
CM-I-1.
CM -I-2.
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
- Short-Term L ia b ilities b y T y p e o f Foreign H o l d e r ........................................................ 9 3
- Short-Term L iabilities by T y p e o f L i a b i l i t y ................... - ...............................................9 4
CM-I-3.
CM-I-4.
- Short-Term Liabilities by C ountry........................................................................................ ....9 6
- Short-Term Liabilities, by T ype and C o u n t r y ............................................................. ... ....9 7
CM-I-5.
CM-I-6 .
CM-I-7.
- Short-Term L iabilities, Not Regularly Reported S e p a r a t e l y .........................................9 8
- Long-Term Liabilities b y T y p e ............................................................................................ ....9 9
- Long-Term Liabilities by C o u n t r y ................................................................................
^00
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
- Short-Term Claims by T y p e .................................................................................................. 101
- Short-Term Claims by C ou n try .............................................................................................. 102
- Short-Term Claims, by Type and C o u n tr y .........................................................................103
- Long-Term Claims by T y p e .................................................................................................... 104
CM-II-1.
CM-II-2.
CM-II-3.
CM-II-4.
IV
Treasury Bulletin
CONTENTS
CM-II-5. - Long-Term Claims by C o u n tr y .............................................................................................. 105
CM-II-6 . - Long-Term Claims, by T ype and C o u n t r y ........................................................................106
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1. - L iabilities by T y p e ................................................................................................................... 107
CM-III-2. - Short-Term L iabilities by C ountry....................................................................................... 108
CM-III-3. - Short-Term Liabilities, by Type and C o u n t r y ............................................. ... ................. 109
CM-III-4. - Long-Term L ia b ilitie s by Country.......................................................................................110
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1. - Claims by T y p e .......................................................................................................................... I l l
C M -IV -2. - Short-Term Claims by C o u n t r y ..........................................................................................112
CM-IV-3. - Short-Term C laim s, by T y p e and C o u n t r y ....................................................................113
C M -IV -4. - Short-Term L iquid Claim s R ep orted b y Large N on ba n k in g C on cern s
by T y p e ......................................................................................................................................114
CM-IV-5. - Short-Term Liquid Claims Reported by Large N onbanking Concerns
by C o u n t r y .............................................................................................................................. 114
CM-IV-6 . - Short-Term Liquid Claims Reported by Large N onbanking C oncerns,
by T ype and C o u n t r y ............................................................................................................115
CM -IV-7. - Long-Term Claims by C o u n t r y ............................................................................................ 116
CM-V-1.
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
- F oreign Purchases and Sales of Long-Term D om estic S e c u r it ie s ........................... 117
CM -V-2. - Foreign Purchases and Sales o f Long-Term Foreign S e cu ritie s ........................... ......117
CM -V-3. - Net Foreign Transactions in M arketable Treasury Bonds and Notes by Country . . 118
CM-V-4. - Estimated F oreig n H oldin gs of Marketable Treasury Bonds and Notes by Country . 119
CM -V-5. - Net Foreign Transactions in Long-Term D om estic B o n d s ......................................... 120
CM-V-6 . " - Net F oreign Transactions in Dom estic S tocks by Country ..................................... ... ..121
CM-V-7. - N et F oreig n Transactions in Long-Term F oreign Bonds by C ou n try.................... 122
CM-V-8 . - Net Foreign Transactions in Foreign Stocks by C o u n try ........................................... 123
CM-V-9. - Foreign Purchases and Sales of Long-Term Securities, Latest D a t e ................... ......124
CM-V-10. -F o r e ig n P u rch ases and Sales of Long-Term S e cu ritie s, Latest Y e a r ........................125
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
CM-VI-1. - F oreign C redit Balances (Due to F o re ig n e rs)................................................................. 126
CM-VI-2. - Foreign D ebit B a la n ces (Due from Foreigners) .............................................................. 127
F I N A N C IA L O P E R A T I O N S O F 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
GA-III-1.
FEDERAL CREDIT PROGRAM S
- Direct Sales and- Repurchases of L o a n s .............................................................................128
Cumulative T able of Contents . ......................................................................... ... ..................................... 129
Note:
Details o f figures may not add to totals because o f rounding.
V
July 1974
Treasury Financing Operations
Banking institutions
52-Week Bills
On June 20, tenders were invited for $1,800 million, or
thereabouts,
of 364-day Treasury bills to be dated July 2,
1974, and to mature July 1, 1975.
The issue was to refund
$1,802 million of bills maturing July 2.
Tenders were opened on June 26.
Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized dealers
in investment securities.
from others must be accompanied
They totaled $2,654 mil
lion, of which $1,802 million was accepted, including $93 mil
lion of noncompetitive tenders.
account of customers.
generally may submit tenders for
The average bank discount
Tenders
by payment of 2 percent of
the face amount of bills applied for, unless the tenders are
accompanied by an express guaranty of payment by an incorpo
rated bank or trust company.
rate was 8.256 percent.
Noncompetitive tenders (without stated price), usually
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in June totaled
$18 billion.
These issues were offered for cash and in ex
change for bills
maturing
in the amount of $17.2 billion.
There were four 13-week issues of $2.6 billion and four 26week issues of $1.9 billion.
for $200,000 or less from any one bidder, for each issue of
13-week, 26-week,
at the average
and‘52-week bills,
are accepted in full
price of .accepted competitive
bids for an
issue.
Average rates for the new is
sues are shown in the following table.
Payment for accepted tenders mu^t be made or completed
on the date of issue, in .cash or other immediately available
funds or in a like face amount of Treasury bills maturing on
that date.
Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
Foreign Series and Foreign Currency Series
Foreign series securities issued in June totaled $1,774
million, consisting of eight certificates of indebtedness and
three notes.
lion.
Redemptions for the month totaled $2,762 mil
At the end of June,
foreign series
standing totaled $23,412 million.
securities out
(Details are shown on page
58.)
Treasury Bills - General
The face amount
Foreign currency series securities issued in June con
They are issued in
sisted of one note denominated in Swiss francs equivalent to
Treasury bills are sold on a bid basis.
is payable without interest at maturity.
bearer form only, and in denominations of $10,000, $15,000,
$129 million.
$50,000, $100,000, $500,000, and$1,000,000 (maturity value).
of $129 million.
Tenders are received at Federal Reserve banks and branches.
securities outstanding totaled an equivalent of $1,599 million
Each tender must be for a minimum of $10,000.
$10,000 must be on multiple of $5,000.
Tenders over
Redemptions for the month totaled an equivalent
At the end of June foreign currency series
and were all denominated in Swiss francs.
on page
61 .)
(Details are shorn
July 1974
.FEDERAL FISCAL OPERATIONS,
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing - net transactions
Budget receipts and outlays
Fiscal year
or month
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974 (Est).
1975 (Est).
1973-May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
Budget
surplus
or
deficit
Net
budget
outlays
Net
budget
receipts
1/
1 -2
Public
debt
securi
ties
Invest
ments of Special
notes
Govern
ment ac y
counts 2/
Agency
securi
ties
(6)
2,330
3,244
9,035
5,320
8,522
2,202
3,240
1,583
3,705
-929
-328
-369
2,558
-929
2,647
-103
-58
2,736
-l,969r
-2,369
-713
-563
564
1,395
2,202
3,128
-773
-162
4,309
-2,502
8
10,514
6,894
-1,596
-3,796
-8,702
-25,161
3,236
-2,845
-23,033
-23,227
14,301
30,881
266,000
294,000
269,546
305,445
-3,546
-11,445
16,319
19,797
275
803
862
2,842
-406
1,037
1.561
5,861
22,905
22,273
23,981
-3,419
7,723
-4,486
-847
4,271
-5,455
-1,891
2,302
-195
-804
-6,086
7,384
-4,739
-1,714
2,503
3,813
-2,597
2,773
-43
68
9
301
40
29
273
-174
12
-17
394
37
-28
244,220
-10,547
16,533
874
16,576r
28,537
18,121
21,291
25,007
17,637
20,209
21,987
23,476
20,226
16,818
29,657
19,243
Fiscal 1974 to
date........I 233,673
19,995r
20,814
22,607
22,139
20,736
23,092
22,099
19,686
23,671
21,030
-Hi-126
354
-482
-1,119
-1,384
7,417
8,420
11,822
14,424
9,123
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1972........
1973........
1974 (Est)...
1975 (Est)...
1973-May.....
June....
July....
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
Msiy.....
Fiscal 1974 to
date.......
Other means
of financing
U
(13)
-217
-359
132
2,997
-284
-22
3,103
4,958
-3,921
-798
-939
Transactions
not applied to
year's surplus
or deficit 8/
(i«0
98
629
813
367
10,407
-961
482
1,297
-208
-1,042
-2,116
(16 )
12,710
12,450
7,879
6,785
7,544
9,291
10,117
11,785
13,854
13,854
13,854
9,343
13,854
8,164
4,015
9,532
6,722
5,608
11,273
11,696
1 ,3 6 8
-206
-551
957
-510
-144
-187
-484
-285
3
-463
-1,313
-503
10,547
-339r
98
General ac
count of the
U.S. Treasury
3/
(15)
1,596
3,796
8,702
25,161
-3,236
2,845
23,033
23,227
14,301
4,660
9,445
-2 ,1 1 2
-2,338
1,269
473
-859
354
1,867
-1,510
2,943
-440
-959
-967
.
SDR 6/
Other
(10)
Ji!L
371
259
-5
1,859
808
-1,536
-208
1,079
-1,264
_____L2L
1,594
-260
-4,571
-1,094
760
1,746
826
1,668
2,068
-3,000
-2,419r
4,035
-5,577
-4,149
5,517
-2,811
-1,114
5,665
424
-3,050
932
3,635
-5,712
-
6,240
557
290
771
-8
217
-9
With Inter
national
Monetary
Fund
(12)
381
-447
-342
538
644
802
-908
-988
50
18r
450
-365
195
36
-91
46
-36
151
24
-57
752
-613
54
10
11
138
65
6
67
166
41
517
213
Federal securities
Total Budget
financing
8-9-io-n
-12+13+14
3,419r
-7,723
4,486
847
-4,271
5,455
1,891
-2 ,3 0 2
195
804
6,086
-7,384
4,739
3 ,326 r
23,100
-11,146
5,397
19,448
19,442
19,275
3,500
12,500
Within other Gov
ernment officers
Selected balances, end of period
Means of financing-net transactions - (Cont.)
Fiscal year
or month
(8)
4,061
3,076
2,838
Within general
account of the
U.S. Treasury
y
10,062
118,430
134,652
158,254
♦178,833
184,548
196,588
211,425
231,876
246,526
5.561
2,633
6,314
21,357
6,142
17,198
27,211
29,131
Total
borrowing
from the
public
ih-5-6-7
(5)
704
4,041
5,079
5,944
<-10,150
-1,739
-347
-1,269
216
1,606
1,826
_HL
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
-
Changes in cash and raonetaiy assets (Deduct)
Borrowings from the public - Federal securities
Source:
Monthly Statement of Receipts and Outlays of the U.S. Government.
Based on revised estimates of the 1974 Budget released June 12, 1974
before the Senate Finance Committee on the public debt limit, and the
1975 Budget Document released February 4, 1974.
See Table FF0-2. 2/ See Table FF0-3. 2/ See Table FFO-6 .
i / Represents noninterest-bearing public debt securities issued to the
IMF and international lending organizations (IDA and IDB) in recognition.
of U.S. Government subscription commitments.
i/ Current fiscal year to date transactions are on the Daily Statment of
the U.S. Treasury clearance date basis and are converted to accounting
date basis at June 30 (final) only. Prior fiscal year amounts include
transactions in transit as of June 30. For amounts in transit see
Table FF0-10 in the November 1973 Bulletin.
Investments
of Govern
ment accounts
(17)
317,274
319,907
(18)
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,715
14,540
(19)
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
139,806
148,929
11,041
11,109
11,118
11,419
11,459
122 '
,141
326,221
457,338
458,142
459,003
461,845
461,439
462,476
464,037
469,898
9,579
13,213
7,502
7,502
Agency
securities 2 /
347,578
353,720
370,919
398,130
427,260
458,142
474,461
494,258
8 ,6 4 6
i
Public debt
securities
(
468,184
470,687
474,500
471,903
474,675
11,984
125,381
126,964
130,669
129,740
129,412
129,043
131,£>02
130,672
133,320
133,217
133,159
135,895
474,675
11,984
135,895
11,488
11,760
11,586
11,598
11,581
11,975
12,012
Special
^notes
Held by the
public
17+18-19-20
(20 )
(21)
3,455
3,810
3,328
2,209
825
825
825
825
825
825
825
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770
343,045
346,545
359,045
825
825
825
825
825
825
825
825
825
825
825
825
825
345,413*
343,045
342,332
341,769
342,333
343,727
345,930
349,01
348,285
348,123
352,43*
349,931
349,939
825
349,939
6/ Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
7/ Includes: public debt accrued interest payable and beginning in fiscal
1974 only that portion which is payable to the public; deposit funds;
and miscellaneous asset and liability accounts.
8 / Includes* seigniorage: increment on gold; fiscal 1969 conversion of
certain corporations to private ownership; fiscal 1970 reclassification
of CCC certificates of interest; fiscal 1974 conversion of interest
receipts of Government accounts to an accrual basis; and net outlays
of off-budget Federal agencies, (Export-Import Bank since August 17,
1971, rural electrification and telephone revolving funds since May
12, 1973, and postal service fund since July, 1973).
9/ See Table FD-6.
r Revised.
2
Treasury Bulletin
_ _ _ _ _ FEDER AL FISCAL OPERATIONS _ _ _ _ _
Table FFO-2. - Budget Receipts by Principal Sources
(In millions of dollars)
Income taxes
Fiscal year
or month
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974 (Est.)......
1975 (Est.)......
1973-May.........
June........
July........
Aug.........
Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.......
Apr.........
Fiscal 1974
to date........ .
Net
budget
receipts
Corporation
Individual
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
266,000
294,000
Net total
income
taxes
Net
total
36,840
42,811
50,521
57,301
70,182
77,416
76,490
83,200
98,093
112,500
n.a.
16.820
18,486
18,850
20,951
27,258
26,236
24,262
25,679
27,019
28,400
n.a.
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14,143
21,866
22,900
n.a.
48,792
55,446
61,526
68,726
87,249
90,4*2
86,230
94,737
103,246
118,000
131,000
26,^31
30,834
34,918
29,897
38,338
35,037
30,320
34,926
39,045
n.a.
n.a.
670
761
946
1,232
1,660
2,208
3,535
2,760
2,893
n.a.
n.a.
25,461
30,073
33,971
28,665
36,678
32,829
26,785
32,166
36,153
74,253
8?, 519
95,497
97,390
123,927
123,241
113,015
126,903
139,398
39,700
44,500
157,700
175,500
1,444
3,735
681
451
3,903
550
261
362
5,076
945
2,186
11,118
1,204
6,433
597
1,219
8,983
1,552
904
5,477
1,515
939
6,201
1,722
1,066
5,887
5,893
1,318
296
188
202
209
230
462
287
105
160
248
338
430
218
923
8,796
1,350
695
5,247
1,053
652
6,096
1,562
819
5,549
5,463
1,100
4,748
21,102
354
257
135
71
66
115
45
1,851
8,631
6,313
5,651
3,825
12,306
8,814
9,279
11,707
9,230
10,006
9,134
14,327
8,601
3,219
14,764
5,6a
15,889
9,420
8,768
20,226
6,741
26,735
23,490
104,721
32,475
2,888
29,587
134,308
8,8l4r
9,168
8,487
9,085
7,940
8,752
9,811
8,887
9,296
9,508 1/
9,664 1/
9,959 1/
10,088 1/
101,476
Gross
Refunds
Other
16,576r
28,537
18,121
21,291
25,007
17,637
20,209
21,987
23,476
20,226
16,818
29,657
19,243
233,673
Net
total
Refunds
Withheld
10,164
9,974
16,955
10,283
10,658
15,230
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
Old-age, disability, and
hospital insurance
Gross
Refunds
Net
total
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974 (Est.).......
1975 (Est.).......
16,915
20,206
27,328
28,672
33,956
38,600
41,237
45,559
54,166
n.a.
n.a.
192
228
282
263
605
386
518
447
479
n.a.
n.a.
16,723
19,978
27,046
28,409
33,351
38,214
40,719
45,111
53,687
n.a.
n.a.
777
815
885
920
981
1,009
1,190
n.a.
n.a.
1973-May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
Nov..........
Dec..........
7,170
4,570
4,595
6,852
4,966
4,134
5,351
3,640
4,591
7,072
5,157
5,977
7,792
479
-
6,691
4,570
4,595
6,852
4,966
4,134
5,351
3,640
224
123
13
235
23
10
227
121
535
4,591
7,072
5,157
5,977
7,256
18
222
130
16
249
*
*
*
*
•
*
*
*
*
*
60,127
535
59,591
1,265
*
1974-Jan..........
Feb..........
Mar.........
Apr.........
May..........
Fiscal 1974
1
to date..........
1*/
_
-
-
Unemployment insurance
Railroad retirement accounts
Gross
636
684
Refunds
*
*
*
1
*
*
*
1
1
n.a.
n.a.
Includes individual income taxes designated for the Presidential Election
Campaign Fund.
*
*
-
Net total
Gross
Refunds
Net
total
636
683
776
814
885
919
980
1,008
1,189
n.a.
n.a.
17,359
20,662
27,823
29,224
34,236
39,133
41,699
46,120
54,876
66,415
n.a.
3,826
3,783
3,665
3,351
3,335
3,471
3,682
4,370
6,070
n.a.
n.a.
4
8
6
6
7
6
8
13
19
n.a.
n.a.
3,819
3,777
3,659
3,346
3,328
3,464
3,674
4,357
6,051
6,911
n.a.
224
123
13
235
23
10
227
121
6,915
4,693
4,608
7,087
4,989
4,144
5,578
3,761
2,161*
97
385
1,358
104
218
826
91
5
3
3
1
1
1
1
1
2,156
95
382
1,357
103
217
825
"90
18
222
130
16
249
4,609
7,294
5,287
5,994
7,505
245
761
98
558
2,196
1
*
2
7
6
245
761
96
552
2,190
1,265
60,857
6,842
23
6,819
Net
total
3
July 1974
_______________ FEDERAL FISCAL OPERATIONS_______________
Table FFO-2. - Budget Receipts by Principal Sourcesi—Continued
(In millions of dollars)
Social insurance taxes and contributions - Continued
-
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974 (Est.)....
1975 (Est.)....
1975-May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
1974-Jan......
-Feb......
Mar......
Apr......
m ..... .
Fiscal 1974
to date.......
Federal
supple
Federal
employees
mentary
medical
retirement
insurance
Other
employees
retirement
Net
social
insurance
taxes and
contri
butions
Total
Gross
Refunds
Net
total
Gross
Refunds
Net
total
647
698
903
936
1,253
1,340
1,427
1,065
1,111
1,201
1,334
1,426
1,735
1,916
2,058
2,146
16
18
19
20
24
29
37
39
41
1,081
1,129
1,867
2,052
2,253
2,701
3,207
3,437
3,614
22,258
25,567
33,349
34,622
39,918
45,298
48,578
53,914
64,542
11,011
9,362
9,461
9,827
10,681
10,519
10,643
10,562
9,995
99
217
183
127
96
167
133
1,056
158
10,911
9,145
9,278
9,700
10,585
10,352
10,510
9,506
9,836
564
650
760
2
1
2
563
649
758
1,683
n.a.
2,319
n.a.
44
n.a.
4,046
n.a.
77,372
86,103
n.a.
10,791
n.a.
138
n.a.
10,653
n.a.
953
n.a.
2
n.a.
951
119
111
146
138
137
151
131
131
152
5
3
2
6
3
3
3
4
308r
293
346
334
317
351
321
298
9,380
5,081
5,336
8,778
5,409
4,712
6,724
4,149
860
859
972
712
833
895
839
1,014
10
11
11
13
9
14
13
10
850
847
961
699
823
831
826
1,003
76
66
*
*
76
66
4
2
5
5
4
378
346
338
351
340
5,232
138
147
145
184
179
198
189
176
197
186
164
222
202
194
200
190
5,721
6,896
10,036
739
621
716
865
800
15
-3
13
23
11
724
624
704
842
789
69
74
67
65
58
1
*
*
*
69
64
82
75
78
64
69
73
67
65
58
1,599
2,118
42
3,719
71,394
9,007
130
8,877
768
2
766
142
Excise taxes - Continued
Fiscal year
or month
Airport and airway trust fund
i Miscellaneous excise taxes
Contributions for other
insurances ana retirement
Fiscal year
or month
Excise taxes
8 ,4 0 0
Estate and gift taxes
69
65
82
75
79
Gross
Refunds
Net
total
2,716
3,066
2,978
3,051
3,491
3,644
3,735
5,436
4,917
5,100
6,000
Gross
Refunds
Net
Total
1965.........
1966.........
1967.........
1968...........
1969.........
1970.........
1971.........
1972.........
1973.........
1974 (Est.)....
1975 (Est.)....
3,782
4,037
4,652
4,493
4,861
5,386
5,664
5,635
5,818
n.a.
5,989
123
120
212
114
224
32
123
313
153
n.a.
149
3,659
3,917
4,441
4,379
4,637
5,354
5,542
5,322
5,665
n.a.
5,840
14,570
13,062
13,719
14,079
15,222
15,705
16,614
15,477
16,260
17,250
17,444
2,746
3,094
3,014
3,082
3,530
3,680
3,784
5,490
4,976
n.a.
6,070
29
28
36
31
39
36
49
54
59
n.a.
70
1973-May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
1974-Jan......
F&o......
Mar......
Apr... .
May......
522
. 487
509
672
530
503
636
2
15
468
_•*
468
1,446
1,386
1,538
1,434
-TN436
1,459
1,563
1,536
473
340
-22
519
472
509
671
530
503
659
470
634
455
466
545
-
16
15
98
2
470
618
440
368
544
1,263
1,315
1,211
1,275
1,391
404
499
378
459
468
336
461
427
470
379
444
7
5
6
4
5
5
6
4
6
5
5
8
7
Fiscal 1974
to date.......
5,888
109
5,779
15,421
4,726
61
1
-
_
Source:
Monthly Statement of Receipts and Outlays of the U.S. Government.
Based on revised estimates of the 1974 Budget released June 12, 1974
before the Senate Finance Committee on the public debt limit.
466r
335
398
494
373
454
462
333
455
423
465
371
437
4,665
*
r
n#a>
1
64
Miscellaneous receipts
Customs duties
Highway trust fund
Net total
excise
taxes
*
Refunds
Net
total
Deposits of
earnings by
Federal
Reserve
banks
1,478
1,811
1,972
2,113
2,387
2,494
2,657
3,394
3,308
n.a.
3,900
35
45
71
75
68
64
66
107
120
n.a.
100
1,442
1,767
1,901
2,038
2,319
2,430
2,591
3,287
3,188
3,400
3,800
1,372
1,713
1,805
2,091
2,662
3,266
3,533
3,252
3,495
n.a.
4,700
289
287
285
315
245
302
309
233
309
247
285
294
309
8
14
9
12
8
10
8
9
280
273
276
303
238
291
301
224
333
361
6
9
8
8
14
304
239
277
286
295
3,133
100
3,033
Gross
Less than $500,000.
Revised,
noi available
All
other
222
162
303
Net total
miscel
laneous
receipts
247
158
325
380
426
1,594
1,875
2,108
2,491
2,908
3,424
3,858
3,633
3,921
n.a.
453
5,178
5,153
-78r
-1
65
-79
198
87
106
-255r
360
409
308
597
437
501
515
397
427
379
543
286
-63
1
-2
59
57
334
429
377
602
343
4,377
475
4,852
344
388
398
394
414
409
400
BUDGET RECEIPTS BY PRINCIPAL SOURCES
4^
Fiscal Years 1964-1974
Fiscal Year
Comparison first
- eleven months fiscal years 1973 and 1974
$Bil. Individual Income Taxes
Social Insurance
Taxes and Contributions
.FEDERAL FISCAL OPERATIONS
1
bs
Source: Monthly Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2.
v Includes Estate and gift taxes, customs duties, and miscellaneous receipts.
93*
5
July 1974
_____ FEDERAL FISCAL OPERATIONS^....
Table FFO-3. - Budget Outlays by Agencies
(In millions of dollars)
Defense Department
Legislative
Branch
The
Judi
ciary
Executive
)ffice
Df the
President
Funds ap
propriated
to the
President
Agricul
ture De
partment
Commerce
Depart
ment
Military
Civil
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974 (Est).....
1975 (Est).....
162
181
240
255
277
340
384
487
540
24
26
28
28
31
36
47
55
60
92
121
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,573
4,714
6,795
5,513
5,841
7,307
8,330
8,307
8,560
10,943
10,028
9,805
8,884
4,749
4,670
726
807
854
1,028
1,188
1,250
1,365
1,450
1,712
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
73,297
77,400
84,600
1,211
1,278
1,310
662
734
73
76
86
91
109
128
142
173
183
209
310
1973-May.......
44
49
50
48
43
47
53
59
58
55
77
46
52
18
17
16
17
*
14
19
18
16
15
16
34
1
4r
5
5
4
6
4
7
5
6
6
7
5
10
291
793
228
299
150
282
352
75
332
341
338
262
270
62
273
2,326
847
249
799
1,161
137
1,209
547
682
534
792
90
161
95
128
123
131
129
103
143
107
115
105
125
6,3l8r
7,473
5,033
6,662
6,032
6,523
6,647
6,123
6,690
6,285
6,662
6,703
7,170
112
232
588
165
65
2,928
9,283
1,303
Fiscal year
or month
July......
Aug.......
Sept......
Oct.......
1974-Jan.......
Feb.......
Mar.......
Apr.......
May.......
Fiscal 1974 to
-3,489
General
Services
Admin.
National
Aero
nautics
& Space
Admin.
Veterans
Adminis
tration
Other
independ
ent
agencies
y
701
763
1,114
300
-242
131
413
425
446
501
589
438
735
793
8,150
9,359
29,350
31,500
6,781
7,233
2,288
5,986
2,359
4,091
-199
-983
29
18
120
75
66
60
63
77
2,157
2,184
2,317
2,340
2,406
2,445
2,403
2,476
2,530
2,396
2,490
2,465
2,514
38r
-60
1,546
-56
146
1,318
163
-106
1,530
126
150
1,706
149
229
210
-108
221
177
190
201
203
171
209
230
235
233
111
189
55
88
65
99
108
93
107
90
566
266
167
26,782
6,671
1,962
1,704
1974-Jan.......
Feb.......
Mar..........
Apr.......
May.......
62
26
46
64
42
648
874
478
754
697
758
768
663
694
461
557
566
659
Fiscal 1974 to
date.........
701
7,054
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
Source: See Table FFO-1.
Note:
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts
are shown in this table beginning with the period of such shifts;
figures prior to the shifts have been adjusted.
1/ Figures prior to fiscal 1967 represent expenditures for the Federal
Aviation Agency.
2/ Reported on an accrual basis.
8,890
11,643
4,366
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,392
2,393
1973-May.......
June......
1,825
2,106
84,867
87
413
-327
82
336
206
31
275
6,815
-
-4,782
-5,457
1,436
11,346
12,014
13,391
14,573
16,588
19,304
20,959
21,849
24,167
384
410
419
424
437
448
468
568
591
3,532
3,109
3,286
3,272
3,475
4,356
7,923
10,033
8,639
70,530
785
793
5,428
5,732
5,970
6,417
7,247
7,531
8,183
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974 (Est.).....
1975 (Est.).....
355
366
403
430
515
640
916
1,180
1,531
63
144
153
167
172
120
124
108
103
117
166
Other
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710
11,968
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,177
3,272
13,464
14,194
-158
-56
-101
255
301
278
262
246
249
246
221
251
231
252
293
278
1,014
862
1,097
1,050
968
1,056
1,191
1,141
1,202
1,086
1,191
1,163
1,177
-257
2,805
12,323
-2r
-8
97
3
30
-23
-16
-14
19
4,364
5,085
6,554
7,337
4,890
7,246
8,879
9,886
11,446
12,939
14,828
676r
1,169
2,274
927
1,197
1,197
770
949
1,006
466
925
933
920
11,568
Justice Labor
Depart Depart
ment
ment
695
661
432
235
837
1,136
225
1,256
-2,237
95r
-222
-1,101
167
143
112
148
-249
-918
72
58
-2,014
94
Interest
on public
debt 2/
Environ
mental
Protection
Agency
93,769
110,959
665
2,856
2,777
4,140
1,529
2,603
2,890
3,642
3,592
4,860
6,150
-205
289
853
750
656
383
42
286
317
242
229
282
326
Atomic
Energy
Com
mission
Fiscal year
or month
Transpor
tation
Department
1/
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779
82,042
Interior
Depart
ment
7i575r
7,815
6,902
7,203
7,396
7,415
7,463
7,383
7,996
7,862
8,164
8,416
8,665
Treasury Department
State
Depart
ment
1,3 0 0
1,268
1,211
1,376
1,530
1,703
1,711
1,749
Housing &
Education, Urban De
& Welfare velopment
Department Department
131
172
136
137
132
126
177
149
156
152
166
673
667
702
706
503
582
595
613
879
866
946
862
870
1,632
8,123
138r
137
Undistribut
ed intragoveramental
transactions
u
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,378
-9,963
-10^917
-377
-2,616
-850
-670
-849
-850
-7i7
-816
-929
-677
-898
-867
-763
-8,890
Total
118,430
134,652
158,254
178,833
184,548
196,581
211,425
231,875
246,526
269,546 5/
305,445 6/
19,995r
20,814
22,607
22,139
20,736
23,092
22,099
19,686
23,671
21,030
22,905
22,273
23,981
244,220
2/ Includes the U.S. Postal Service.
y For content see Table FFO-4.
5/ Includes $300 million estimate for special allowances for pay raises
and contingencies.
6/ Includes $861 million estimate for special allowances for pay raises
and contingencies,
r Revised.
Treasury Bulletin
6
____________ FEDERAL FISCAL QPKPATTONS
Table FFO-4. - Undistributed jlntragovernmental Transactions
(In millions of dollars)
Interest credited to certain Government accounts
Federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept.
1973-May......
June......
July........
Aug......
Sept......
1,329
1,447
1,661
1,825
2,018
2,444
2,611
2,768
2,927
3
3
3
3
3
3
3
3
3
582
587
721
894
1,009
1,346
1,617
1,718
1,848
65
59
64
83
140
221
324
388
435
_
_
7
46
61
94
138
183
190
198
15
21
23
12
17
29
43
4
6
1,999
2,109
478
498
J&7
500
54
70
1
39
792
5
204
*
7
2
1
5
220
*
8
3
4
6
7
84
2
2
4
1
1
161
3
7
6
7
10
1
17
1
1
1
1
1
30
1
2
2
2
*3
257
205
44
Other 1/
Total
Grand
Total
1,780
1,917
2,275
2,674
3,099
3,936
4,765
5,089
5,452
6,420
7,140
3,109
3,364
3,936
4,499
5,117
6,380
7,376
7,858
8,378
9,963
9,980
911
978
1,759
1,847
873 2/
1'5
3,543
2,840
81
76
71
73
72
62
62
60
85
86
85
85
85
178
173
193
184
174
194
184
160
220
197
192
197
-279
1
1
1
1
1
1
1
1
1
1
1
1
463 2/
260
250
265
258
247
257
246
221
306
284
278
283
269
_
_
4
45
17
27
49
866
6
49
14
43
46
826
1,615
2,913
1
1,164
May......
Fiscal 1974 to 1
date.......
V
472
1
-
-
1
-
Interest credited to certain Government
Transportation Veterans Administration
Department
National
Government
Life
Service
Unemployment Highway
Insurance
Life
Trust Fund
Trust Fund
Fund
Insurance
Fund
Interior
Department
Indian
Tribal
Funds
Labor
Department
8
10
9 •
7
5
15
10
8
18
20
20
255
309
380
439
517
601
637
496
487
708
775
11
8
14
34
53
115
184
206
247
375
465
34
33
30
32
32
31
31
32
31
31
31
182
191
198
211
225
245
271
292
309
339
374
accounts - (Cor-tinued)
Civil Service
Commission
Railroad
Civil Service Retirement
Retirement and Board
Disability
Fund
482
546
622
706
805
987
1,232
1,464
1,566
1,814
2,031
155
161
170
181
191
215
251
258
262
261
260
*
3
571
219
564
526
343*
-2,160
606
195
579
499
353
118
2,366
586
412
602
593
471
595
623
393
621
584
494
377
2,616
850
670
849
850
717
816
2,295
5,977
8,890
6
119
1
3
5
9
10
156
1
2
3
8
8
*
15
*
*
*
*
*
15
*
*
*
*
*
*
147
2
6
*
1
*
157
2
6
*
1
*
29
715
_
_
-
21
166
1
37
4
17
21
241
2
40
9
21
27
3
65
6
-4
32
8
99
3
19
-1
3
9
97
1
19
1
2
9
5
420
206
16
177
1,022
164
1
.4
*
1
*
*
*
Dec......
a
197^-Jan......
Feb......
Mar......
Apr......
May......
Fiscal 1974 to
1
date......... *
-3
Federal
Supplementary
Medical
Insurance
Trust Fund
4
4
5
5
6
8
8
9
10
1,042
1,090
1,181
1,310
1,401
1,709
1,876
2,018
2,101
"1974-Jan......
Feb......
Federal
Hospital
Insurance
Trust Fund
Total
282
353
475
510
611
728
727
742
816
July......
Aug......
Sept.....
Oct.......
Nov......
Federal
Disability
Insurance
Trust Fund
Other
Civil Service
Retirement and
Disability Fund
1973-May......
1965.........
1966.........
1967..........
1968..........
,1969..........
1970..........
1971..........
1972..........
1973.........
'1974 (Est.)....
1975 fEst.)....
Health, Education, and Welfare Department
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal Old-Age,
Disability, and
Hospital Insurance
1965.........
1966.........
1967.........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974. (Est).....
1975.(Est).....
Fiscal year
or month
Civil Service
Commission
Defense
Department
Soldiers '&
Airmen's
Home
Permanent
Fund
Source: See Table FFO-2.
1/ Beginning fiscal 1974, includes adjustment of interest on public
debt issues to convert to the accrual basis.
2/ Includes Off-Budget Receipts from the Civil Service Retirement and
3
71
7
7
29
805
Disability fund.
* I^ss than $500,000.
n. a. Not available.
2
2
2
2
3
5
4
4
5
n.a.
n.a.
929
677
898
867
763
Table FFO-5. - Budget Outlays by Function
(In millions of dollars)
Fiscal year 1973
Function
Fiscal year 1974
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
6,795r
-430r
117
6,482r
8,228
-208
-5
8,015
5,074
-196
*
7,071
-303
4
6,772
6,481
-379
-8
6,095
6,870
-267
5
6,607
7,137
-236
-*
7,113
-318
-2
6,804
-295
X
6,793
6,509
7,129
-439
-4
6,686
7,286
-534
—X
6,900
6,479
-400
-1
6,079
329
-2
-x
207
-2
-x
278
-2
_X
238
-20
-X
377
-27
.X
295
-71
.X
346
-1
-X
327
205
296
-14
282
276
219
351
224
May
Comparable
period
Cumulative FY 1973
to date
National Defense
Proprietary receipts from the public....
4,878
7,661
-417
-1
7,243
75,119
-3,787
-7
71,325
70,111
-2,097
_ -4
68,011
316
-5
-
3,286
-158
-3
3,221
-574
-X
345
342
-4
-2
336
312
3,125
2,647
6,752
International affairs and finance
Proprietary receipts from the public....
Intrabudgetaiy transactions.........
Total international affairs and finance.
Suace research and technology
486
257
-2
304
-3
280
-2
262
-x
246
-x
255
-7
246
225
-4
258
-7
233
-2
254
-2
297
-3
280
-2
2,836
-30
3,021
-11
255
301
278
262
246
249
246
221
251
231
252
293
278
2,805
3,010
-149
-6
-155
-123
-3
-126
2,011
-x
-32
-3
-35
507
-4
503
785
-4
782
-225
-3
-228
761
-5
756
142
-4
138
208
-3
205
98
-9
89
316
-3
5,019
-46
6,177
-
2,011
448
-8
440
313
4,973
6,177
435
-135r
-1
299r
707
-591
2
118
425
-1,366
-*
679
-106
-x
506
-84
-x
560
-143
-x
548
-124
-x
473
-603
.X
663
-1,207
-X
240
-181
.X
908
-149
-X
-942
573
422
417
424
-130
-544
58
759
644
-2,261
-1
-1,618
608
-180
-X
428
6,254
-6,404
-4
-154
5,059
-4,615
-4
441
688r
-I7r
-3
1,480
-8
-38
2,110
-6
-x
932
-18
-2
912
1,076
-12
1,064
949
-25
-38
886
11,300
-182
-130
11,204
-203
-167
363
763
-14
-3
746
898
-19
-3
2,104
1,346
-14
-71
1,261
765
-16
-8
1,434
974
-16
-1
957
384
-18
-2
6687
1,113
-22
-1
1,090
741
875
10,987
10,835
-149
-x
309
-*
911
-x
779
-x
712
-x
462
-x
36
-X
316
-x
332
.X
198
—X
264
-X
373
.X
352
-
4,732
-
3,853
-
-149
309
911
799
712
461
36
316
331
198
263
373
352“
4,732
3,853
1,067
-2
1,066
1,339
-2
1,336
777
-1
777
955
-x
954
663
-2
661
956
-x
-x
807
-2
-
619
-x
-
985
-2
-
933
-X
-
1,038
-2
925
-X|
955
805
619
983
932
1,036
925
662
662
9,241
9,241
9,486
9,486
Commerce and trans-oortation
Proprietaiy receipts from the public....
Intrabudgetary transactions.........
Community development and housing
Outlays.........................
Proprietary receipts from the public....
Total community development and housing.
Education and manpower
Outlays.........................
Proprietaiy receipts from the public....
Intrabudgetary transactions.........
Total education and manpower.........
OPERATIONS
136
319
-11
308
FISCAL
Agriculture and rural develoDment
Outlays.........................
Proprietary receipts from the public....
Total agriculture and rural development.
National resources
Outlays.........................
Proprietary receipts from the public....
563
-78
-X
FEDERAL
Proprietary receipts from the public....
Total space research and technology...
251
-116
-•*
Oo
Table FFO-5. - Budget Outlays by Function—Continued
(In millions of dollars)
Fiscal year 1973
Fiscal year 1974
Comparable
Cumulative period
to date FY 1973
Function
Sept.
2,004
-*
-168
1,835
1,766
-•*
-167
1,599
2,080
-*
-158
1,922
982
-1
-174
807
1,911
-*
-169
1,742
2,697
-*
-650
2,047
2,017
-2
-183
1,832
6,538
-*
-13
6,525
5,954
-*
3
5,957
6,333
-*
3
6,336
6,381
7,235
-*
-1
6,632
6,380
7,233
6,632
6,984
-*
-497
6,487
7,258
-*
-23
7,235
7,113
1,059
-41
-*
906
-39
1,140
-41
1,097
-42
-*
1,005
-35
-*
1,099
-41
1,232
-39
-*
1,175
-32
-*
1,249
-44
-*
1,133
-44
-*
1,234
-40
1,017
866
1,099
1,054
970
1,058
1,194
1,143
1,204
1,088
1,194
2,202
-40
-118
-39
2,004
2,332
-2
-147
2,363
-1
-150
-53
2,159
2,421
_•*
-28
2,420
2,406
67
-7
22,148
-268
-1,013
-34
2,466
2,479
-14
-10
-1
2,455
26,985
-165
-949
-81
2,353
2,522
-1
-7
-5
2,508
2,531
-6
-8
-1
2,401
2,490
-177
-84
-60
2,169
2,540
-16
-170
-*
2,392
2,482
-14
-333
-1
2,135
2,516
25,791
20,833
662
-11
-9
643
495
8
-23
479
479
-27
-14
438
543
-35
-11
498
668
5
-37
636
561
-21
-20
520
567
-48
-20
499
574
8
3
586
520
-12
-10
498
6,166
-168
-161
5,837
6,006
-251
-687
5,068
16
_
1,495
29
-*
-*
1,532
1,532
1
1
*
1,540
1
-
12,161
-*
-6,055
14,931
-8,295
1
6,106
6,637
-929
23,671
June
l,687r
-*
-118
l,569r
1,822
-1
-114
1,709
7,382r
_•*
-809
6,573r
Oct.
Nov.
Dec.
Jan.
Mar.
Apr.
May
2,038
-1
-172
1,866
1,957
_*
-167
1,789
1,934
-1
-165
1,768
2,424
2,243
7,114
-*
-1
7,523
-*
-2
7,520
7,740
g
to
Aug.
July
May
Feb.
Health
Outlays ........................
Proprietary receipts from the public ...
Intrabudgetary transactions .........
Total health.....................
-181
21,863
-6
-2,353
19,504
18,438
-4
-1,746
16,688
77,943
-2
-1,453
76,488
67,911
-1
-1,510
66,400
12,791
-439
-2
11,597
-457
-2
11,138
Income security
Outlays .........................
Proprietary receipts from the public ...
Intrabudgetary transactions .........
Total income security..............
-3
7,737
-*
-932
7,844
Veterans benefits and services
Outlays .........................
Proprietary receipts from the public ...
Intrabudgetary transactions .........
Total veterans benefits and services ...
Tn+.AT*o.Q+.
Proprietary receipts from the public....
Intrabudgetary transactions.........
Interest and dividends...... .......
Total interest....................
1,203*
-38
_*
1,224
-44
1,165
1,180
12,350
&
2,184
-7
-11
-lr
2,165
2,184
-1
-7
-10
General government
Outlays ........................
Proprietary receipts from the public ...
Intrabudgetary transactions .........
Total general government ...........
3
GO
0
49fc>r
-42
-11
443r
1,729
-60
-1,217
452
593
-20
-10
563
495
-17
-12
466
_*
7,549
-3
1
H
W
CO
General Revenue Sharing
Expenditures ....................
Proprietaxy receipts from the public ...
Intrabudgetary receipts ............
Total General Revenue Sharing .......
Undistributed intragovernmental transactions
3
_
3
-
-377
-2,616
19,995
20,814
_
_
-6,055
1,495
, -3
16
-850
-670
22,607
22,139
Source*
Monthly statement of Receipts and Outlays of the United States Government.
* Less than $500,000.
r Revised.
_
1,495
29
-849
-850
-717
-816
20,736
23,092
22,099
19,686
-
-
-
*
1,540
-677
-898
-867
-763
-8,890
-5,765
21,030
22,905
22,273
23,981
244,220
225,457
§
1
I
a
July 1974
-FEDERAL FISCAL OPERATIONS.
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
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974- (Est.)...
1975 (Est.)...
458
-858
■*3,W1
1,584
2,898
3,953
1,274
1,827
2,298
-263
-413
296
591
1,321
1,342
1,263
934
792
786
497
87
590
693
377
-146
1,338
479
-197
77
-345
244
221
222
3,049
1,091
582
87
3,025
2,309
354
214
1973 -Ma y
-219
326
-7
1,651
-1,051
25
-563
655
-633
1,522
-124
273
-83
-80
287
-29
5
50
-10
-178
213
-61
86
99
4
-11
131
493
264
320
484
265
-58
930
226
65
375
327
194
-*
-8
89
110
7
114
40
33
55
-26
50
12
19
1,665
170
• 3,393
504
Fiscal year
or month
June....
July....
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1974-Ja n
Feb.....
Mar.....
Apr.....
May.....
Fiscal 1974 to
& $etf....
Treasury
Department
Airport
Highway
Airway
Trust Fund
Trust Fund
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974 (Est.).....
1975 (Est.).....
1973-May........
June.......
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
1974-Jan........
Feb........
Mar........
May........
Fiscal 1974
to date.........
_
_
_
_
-
_
n.a.
_
-59
388
723
-589
-747
-5
1,380
1,201
353
1 ,4 2 0
n.a.
126
204
-109
224
5
86
83
62
272
209
214
3
14
15
-65
15
-52
125
-103
-28
33
9
4
-85
-11
135
-7
-6
-13
-15
-4
141
-9
-4
-15
-18
-9
201
61
237
295
114
-39
176
272
116
412
199
21
234
782
2,038
Source: See Table FF0-2.
* Less tnan $500,000.
n.a.
National
Service
Life In
surance
Fund
-344
-28
484
257
534
1,089
1,033
822
1,094
1,710
69
73
82
75
79
71
69
73
67
65
58
-1
n.a.
n.a.
_
-132
not available.
41
Government National
Mortgage Assn.
Partici
pation
Other
Sales
Fund
-194
-129
45
135
165
131
128
109
31
25
50
62
470
465
-369
197
-202
299
-161
-19
-9
-7
-8
-8
-6
-8
-4
33
124
287
238
-54
20
2
-3
126
41
-23
8
48
15
21
-8
10
20
37
-13
48
63
162
*
-*
37
1
-3
*
*
29
Veterans
Administration
Transportation
Department
Fiscal year
or month
Federal
Housing
Other Adminis
tration
2
-1
-1
-1
_*
-1
2
Federal
Savings
and Loan
Insurance
Corpora
tion
Civil
Service
Commission
Federal
Deposit
Insurance
Corpora
tion
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123
3,337
3,618
2,982
180
227
238
258
313
328
180
438
537
558
565
208
204
212
265
283
173
196
148
257
61
-3
-8
97
-3
-216
64
29
67
10
61
-3
-4
-2
7
1,668
213
-8
-85
-31
-93
639
59
-15
-97
-58
-53
4
471
Other
6
40
-70
122
29 ,
14
20
29
26
30
32
-4
21
-3
-3
-3
-5
-2
27
1
_*■
Federal
Insurance
Adminis
tration
3
-3
32
28
14
1
6
n.a.
n.a.
Labor Department
Unemploy
Other ment Trust
Fund
-17
14
-8
-10
-3
967
1,468
1,156
1,146
938
2
5
9
-1,747
-1,428
1,144
27
1
1,033
-1
3
1,339
553
-266
1,172
-252
-227
510
-93
-526
268
-639
-425
1,714
13
1,237
488
3
-2
Postal
Service
_
_
-
Railroad
Retire
ment
Board
1,370
-280
-390
-200
149
154
173
135
59
268
-9
-110
24
-62
16
68
275
2
-2
5
39
61
31
13
81
6
15
43
-164
-451
1,199
-69
-108
-113
-545
-211
-186
-172
-16
-55
-306
800
16
-190
15
-212
-156
-7
-46
-111
-11
-64
-212
962
281
361
-581
-31
*
334
344
*
Other
-4 1 0
All
Other
*
32
51
-21
-204
237
-145
26
67
Total
2,330
3,244
9,035
5,320
8,522
10,062
7,417
8 ,4 2 0
11,821
79
104
14,424
9,123
3
20
14
8
-3
-2
3
11
9
10
6
4
8
2,202
3,240
1,583
3,705
-929
-328
-369
2,558
-929
2,647
-103
-58
2,736
65
10,514
Table FFO-7. - Trust Funds Transactions July 1, 1973 through May 31, 1974
(In millions of dollars)
Receipts
CXitlays
Interfund transactions
Classification
Federal Old-Age and Survivors
Insurance.................
Federal Disability Insurance....;
Total in
trust
funds
Trust
interfund Receipts Interfund
and pro of trust trans
prietary funds
actions
receipts
2/
2/
(4)
Unified
budget
receipts
attrib
utable
to trust
funds
1/
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
(6 )
(7)
(8 )
45,102
909
-
22
-
-
Total in
trust
funds
(l)
(2 )
47,534
909
46,625
5,949
22
5,927
390
5,537
5,786
10,485
837
9,648
7,276
Federal Hospital Insurance.....
10,485
Federal Supplementary Medical
Insurance..................
-
(3)
2,218
(5)
44,407
Federal
Outlays payments
and con
of trust tribu
funds
tions
(9)
(10)
Federal
employer
contri
butions
(u)
Unified
budget
outlays
attrib
utable
to
trust
funds
Interest
and pro
fits on
invest
ments in
Federal
securities
Other
(12)
(13)
(14)
(15)
(16)
Total
V
Excess of
receipts
or outlays
(-)
441
613
1,164
-
2,218
41,975
2,432
5,763
55
79
257
-
390
5,373
164
•
7,276
499
134
205
-
837
6,438
3,209
-
2,971
1,853
-
44
_
1,897
1,073
486
1,624
1,025
3
2,652
2,542
-382
.
_
_
-232
232
.
_
_
44,193
3,456
-
3,457
1,897
1,559
2,971
-
Federal Employees Retirement...
4,824
12
4,812
2,652
2,160
5,206
12
-
5,194
1
Federal Employees Life and
Health Benefits.............
-
_
_
-
_
-232
_
_
-2 3 2
_
_
_
_
_
-279
_
_
-279
-279
279
773
-
773
7
766
435
-
-
435
-
-
7
-
7
428
338
6,055
-
6,055
-
6,055
6,106
-
-
6,106
-
-
-
-
-
6,106
-51
5,985
-
5,985
206
5,779
3,959
-
-
3,959
-
-
206
-
206
3,753
2,026
Federal Deposit Insurance
General Revenue Sharing.......
Military Assistance Advances...
All other trust.............
231
119
112
112
-
250
-
119
131
107
-
5
-
112
19
-19
2 ,362
2,3 6 2
-
-
-
1,822
-
2,362
-540
-
-
-
-
-
-540
540
1,451
-
1,451
186
1,265
2,437
-
-
2,437
22
-
164
-
186
2,250
-985
7,231
-
7,230
412
6,819
5,552
-
-
5,552
-
-
420
-9
412
5,140
1,678
633
438
195
195
-
647
-
438
209
-
-
193
2
195
15
-15
509
184
325
295
30
252
-
184
68
22
-
268
5
295
-1,152
1,182
97,477
4,046
93,431
9,408
84,023
87,288
943
3,103
83,243
2,999
2,450
3,958
1
9,408
72,909
11,114
Source: Based on Monthly Statement of Receipts and (Xrtlays of the U.S. 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 interfund transactions are payments from Federal funds to trust funds,
and vice versa, but excludes trust fund payments of $142 million to Federal Funds.
1/ For content see columns (7) and (8).
2/ For content see columns (10-13).
2/ Includes net taxes and other receipts, mainly deposits by States and Federal
employee retirement contributions.
IjJ Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
*4
M
d
H
>
t"1
GO
O
>
O
H
50
S
HH
o
2
co
I
v3
I
Is
8-
July 1974
11
_____________ FEDERAL FISCAL npppA Tin^o
Table FFO-8.-Loan Disbursements and Repayments,Net
Lending, and Loan Balances of Federal Credit Programs 1/
(In millions of dollars)
Fiscal Year 1974
May 31, 1974
Classification
Funds appropriated to the President:
Defense Production Act...........................
Overseas Private Investment Corporation.............
Total — Funds appropriated to the President........
Loan
Loan
disburse repay
ments
ments
Net
Lending
Loan
Loan
disburse repay
ments
ments
-
-
-
-
-
*
*
-*
-■*
7
7
Agriculture Department:
Commodity Credit Corporation:
Storage facility and short-term export sales credits...
6
64
-58
Farmers Home Administration:
Economic opportunity loans......................
Agricultural credit insurance....................
Direct loans..................................
Emergency credit..............................
Rural development insurance......................
Rural housing insurance.........................
Self-help housing land development................
State rural rehabilitation......................
132
30
188
-
*
16
Total — Farmers Home Administration..............
Rural Electrification Administration:
Rural telephone bank...........................
Other.......................................
Other.........................................
Total — Agriculture Department..................
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........
Comparable Period
Fiscal Year 1973
Cumulative to date
Net
Lending
Loan
Loan
balance disburse
End of ments
Period
Net
lending
3
3
6
-3
6
19
_
9
9
1,280
1,071
364
706
-6
-141
-7
455
_*
*
41
1,177
1,400
53
119
2,773
*
*
*
1,184
59
-1
110
1,515
*
7
322
69
14
5
46
*
*
-7
862
-10
-15
105
1,469
_*
_*
2,233
302
5,564
2,867
463
2,403
*
*
-*
33
6,321
4
33
467
-
*
145
*
33
321
-*
260
2,917
2,901
16
13,201
4,437
973
3,463
30
1
2
-1
5
2
17
3
4
382
669
-286
*
17
-
-*
116
30
171
-
982
236
1,317
-
6
1,123
243
861
*
_*
350
33
_317
2,535
-
*
-*
356
97
-
Loan
repay
ments
3
1
2
-1
25
16
9
477
45
15
1
_
1
4
_
4
12
7
.
7
-
*
*
*
_*
_*
_*
*
1
5
3
-1
-5
-3
18
27
5
1
_
1
1
5
2
*
-5
-2
53
23
30
_
-
Total — Commerce Department.....................
2
2
IT
29
24
4
539
Defense Department:
Military:
Defense production guarantees....................
Civil:
Construction of power systems, Ryukyu Islands.......
-
*
-*
-
1
-1
3
6
6
_*
-
-*
*
-
*
_*
8
-
*
_*
Total — Defense Department......................
-
*
_*
-
1
-1
11
6
6
-1
10
_
10
15
_
15
45
6
_
6
_
18
*
*
1
1
*
*
-1
18
_*
*
7
83
2
2
13
6
1
1
-5
77
1
1
465
170
26
29
6
38
1
2
8
3
1
1
-2
35
*
2
Total — Health, Education, and Welfare Department...
29
2
__ 27
108
21
88
735
53
13
41.
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............. ......
29
4
*
19
5
7
*
30
24
-3
390
29
2
583
31
67
5
569
358
-37
-3
15
1,737
3,228
520
65
404
56
5
609
78
54
5
559
325
2
■*
50
Health, Education, and Welfare Department:
Health Services and Mental Health Administration......
Office of Education:
Higher education activities......................
Student loans.................................
Other.......................................
Other.........................................
Footnote at end of Table.
-10
12
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS*.
T a b le F FO -8.-Loan D isb u rse m en ts and R epaym ents, N et Lending
and Loan B alances o f Federal Credit P rogram s—Continued U
(In millions ofdollars)
Fiscal Year 1974
Loan
Loan
disburse repay
ments
ments
Classification
Housing and Urban Development Department:
(Continued)
Government National Mortgage Association:
Special assistance functions...................
Management and liquidating functions fund.........
Participation sales fund......................
Housing management.............................
Community development:
Urban renewal program.........................
Rehabilitation loan fund......................
Public facility loans.........................
Loan
Loan
Net
lending disburse repay
ments
ments
85
-6
85
1,445
3
Total — Housing and Urban Development Department....
Comparable Period
Fiscal Year 1973
Cumulative to date
May 31, 1974
43
3
3
108
1
1
-65
2
2
822
19
23
186
158
28
3,316
1,611
61
3
2
Loan
Loan
Net
balances Loan •
disburse repay
lending End of
ments
ments
Period
-166
-61
3,172
386
Net
lending
1,253
1,597
801
-344
-801
-2
13
12
8
20
6
16
230
205
477
736
37
15
664
10
7
72
27
9
3,170
146
10,032
3,116
3,779
-662
11
3
185
64
17
5
15
3
249
22
18
24
24
Interior Department:
Bureau of Reclamation..........................
Other.......................................
13
4
Total.......................................
18
Transportation Department.........................
28
28
110
-1
-8
-17
97
-3
6
Treasury Department..............................
General Services Administration....................
Veterans Administration:
Direct loan program............................
Loan guaranty program..........................
Government life insurance fund...................
National service life insurance..................
Other.......................................
4
29
1
11
2
8
17
1
8
1
-4
12
42
254
6
114
15
115
256
9
81
7
-73
-2
-2
32
739
1,010
65
949
72
43
203
5
100
14
259
332
9
83
6
-216
-129
-4
16
7
Total — Veterans Administration..................
46
35
11
432
468
-37
2,835
365
690
-326
137
129
748
150
42
106
—6
-30
114
102
1
Other independent agencies:
Loans to District of Columbia......................
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation.......
Interstate Commerce Commission..................... 1
National Capital Planning Commission................
Small Business Administration:
Business loan and Investment fund.................
Disaster loan fund............................. j
-16
-1
35
22
10
9
25
13
253
179
144
118
109
61
1,496
1,291
197
664
168
70
29
594
680
314
366
7,409
6,896
512
31,586
9,096
5,838 2/
3,258 2/
i
Total — loan account............................
Source: Bureau of Government Financial Operations.
Note: This table contains the data formerly included in the loan
account classification, and last published in the June 1972 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 quarterly in Table GA-III-2. Direct and Guaranteed Loans Outstanding.
1/ The 1oan account/expenditure account distinction was discontinued ia
fiscal 1972 pursuant to CMB 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.
2/ Includes 47 million dollars for Postal Service #
1/ Includes - 48 million collars for Postal Service.
* Less than $500,000.
T able F F O -9. - Selected Accrual D ata R eported by Federal A gen cies for Period Ended March 31, 1974
(In thousands of dollars)
Transaction data
Quarter ended March 31, 1974
Agency-
Net
cash
outlays
Total Off-budget Federal agencies
Net
cash
outlays
Accrued
expen
ditures
(3)
(4)
(5)
(6)
-1,894
-8
846
187,446
46,615
19,950
489,591
130,661
49,302
-17,755
-37
-901
471,836
130,624
48,401
3,015,114
134,918
-90,170
-386,540
-21,670
-1,100,975
7,941
-714,728
13,459
-1,866
-196,847
68,673
-12,434
12,049
3,225,531
471,018
373.914
2,051,354
343,345
18,534,761
342,955
23,307,438
800.915
-789,760
285,184
2,759,937
121,545
1,724,165
322,832
995,971
1,077,038
7,956,467
1,073,500
56,65£,li51,152,999
67,785,209
3,757,448
-1,569,752
1,315,024
6,391,566
594,866
5,829,012
3,094,688
120,125
-355,427
49,538
-26,151
-215,432
79,518
370,560
-2 0,042
-47,460
-523,160
-269,798
-123,971
-15,052
3,417,520
1,116,096
721,611
8,006,005
1,047,349
56,442,683
1,232,517
‘68,155,769
3,737,405
-1,617,213
791,865
6,121,768
470,895
5,813,960
1,137,434
-178,042
61,104
17,716
46,785
-8,092
-4,105
882,708
7,415,765
1,628,057
671,564
780,872
-130,080
725,092
3,475,791
3,279,539
20,533,385
4,816,807
1,494,170
1,271,426
-98,893
2,233,901
9,982,168
9,711,671
1,269,342
-28,517
79,710
-405,658
-25,518
-103,857
-14,509
836,747
21,802,727
4,788,290
1,573,880
865,768
-124,411
2,130,045
9,967,659
10,548,418
-15,166
-958,583
-882,050
-1,217,421
-2,360,312
-3,463,629
-23,309
-1,353,330
-2,383,621
-4,816,959
-2,909,415
-2,909,415
-4,414,144
-4,414,144
67,845,817
-1,201,790
66,644,029
198,130,543,, -2,083,798
196,046,745
404,876
520,631
-1,178
-272,940
403,698
247,691
1,012,268
421,331
-15,855
632,095
374,691
4,524
Legislative Branch........ ..............
189,340
The Judiciary .........................
46,623
Executive Office of the President .........
19,104
Funds Appropriated to the President:
International security assistance ........
210,417
336,100
International development assistance .....
Other ..............................
464,083
Agriculture Department ..................
2,437,894
Commerce Department ....................
365,015
Defense Department-Military...............
19,635,736
Defense Department-Civil............... .
335,014
24,022,166
Health, Education, and Welfare Department ...
787,456
Housing and Urban Development Department....
Interior Department ....................
-787,893
Justice Department .....................
482,031
Labor Department .......................
2,691,264
State Department .......................
133,979
1,712,116
Transportation Department ................
Treasury Department:
Interest on the public debt .............
6,278,331
1,806,098
Other..............................
610,460
Atomic Energy Commission.................
763,156
Environmental Protection Agency...........
-176,865
General Services Administration...........
733,184
National Aeronautics and Space Administration .
3,479,896
Veterans Administration.................
2,396,832
Other independent agencies ...............
Undistributed intrabudgetary transactions:
-866,883
Federal employer contributions to retirement funds
-258,838
Interest on certain Government accounts...
Elimination of interagency receivables and pay
ables ........................... .
M M M
Off-budget Federal agencies:
Export-Inrport Bank of U.S................
Postal Service ........................
Rural electrification and telephone revolving
fund ...............................
Elimination of interagency receivables and pay
ables ................................
expen
ditures
Net
change
in re
ceivables
and payables
(2)
(l)
Total
Net
change
in re
ceivables
and payables
Current fiscal year to date
112,086
1,037,593
2,964
115,050
+232,136
+232,136
-39,018
998,576
1,808,290
Payables
Balances as of March 31, 1974
Receivables
From the public
To
other
agencies
To the
public
Accounts
'Receivables
Advances
(10)
vo
From
other
agencies
(Includes
advances)
(8)
(9)
54,004
42,047
1,723
2,432
892
5
528
1,017
301,123
46,799
1,103,344
306,618
6,a6,289
242,313
6,865,545
728,222
252,877
49,599
96,095
75,489
761,609
3,323,305
66,533
659,323
340,238
93,504
2,814,356
74,870
1,763,231
361,876
95,731
12,847
8,891
26,501
78,970
107,425
74,300
31,310
686,593
28,566
333,091
30,455
71,019
377,133
99,210
4,906
7,766
56,226
24,974
5,551
56,993
877,696
25,577
12,596
111,650
309
210,446
7,477
38,881
523,258
503,009
7,702
121,023
17,330
12,386
5,060
254,415
67,882
3,625,575
104,189
2,150,508
206,529
115,746
14,301
37,891
104,901
78,795
2,508,321
138,329
423,942
28,389
503,071
465,600
1,449,499
2,280,652
1,634,917
66,447
32,351
11,329
225,151
128,464
51,955
228,544
-66
505,216
51,031
3,446
273,057
97,099
40,243
301*231
8,668
37,375
1,195
14,053
31,041
248,779
323,167
1,106,579
79,197
10,085
335,528
50,209
113,887
198,075
O
>
1,925
143,717
1,509,571
-12,144,197
-10,523,491
>
HH
(7)
307 ,9 a
m ■
587
(ID
180,118
-
3,205,961
3,167,560
-
996,413
1,053,425
75,445
837,514
35,104
831,691
193,363
54,174
14,598
255,128
379,215
*
356
96,606
-453,446
167,318
1,975,608
-
168
im r n m
-867,151
912,959
344,143
G
M
W
>
GO
25,408,100
-453,446
*4
M
-255,296
14,598
Source: Bureau of Government Financial Operations.
Note: Figures on accrued expenditures are developed from reports submitted to the Department of the Treasury by Federal agencies. Accrued revenues resulting from the Government's sovereign authority,
e.g., income and various employment taxes, and customs collections are not included in this report. Cash outlays and accrued expenditures are offset by revenues of a proprietary nature, e.g., marketoriented revenues or revenues derived from activities operated as business-type enterprises. Figures reported by agencies on receivables and payables may differ to some extent with reports on’budget
status (S.F. 133 to OMB) and budget results (BA-R 2108 to Treasury) due to conceptual differences, e.g., deferred charges and advances to consolidated working funds are reported as receivables for this
table and as liquidated obligations for budget reports. For certain agencies submitting flash reports on cash transactions, the net cash outlays shown above may not be totally consistent with
comparable data published in the Monthly Treasury Statement.
* Less than $500.
O
*
M
o
z
<0
14
Treasury Bulletin
FEDERAL OBLIGATIONS,
"Obligations” are the basis on which the use of funds
is controlled in the Federal Government.
They are recorded
of categories which are based upon the nature of the trans
action without regard to its ultimate purpose.
All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example,
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order,
in current operations or in the construction of capital items •
delivery,
payment,
consumption— which
characterize the acquisition and use of resources.
are reported as per
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
smother; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements •
In Table
FO-1, obligations that are incurred within the Government are
The obligational stage of Government transactions is a
strategic point in gauging the impact of the Government's
distinguished from those incurred outside the Government.
Tables FO-2, 3> and k show only those incurred outside.
operations on the national economy, since it frequently rep
resents
for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the
private
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President's
economy.
Obligations axe classified according to a uniform set
Commission on Budget Concepts.
The May obligation data are not included
in this issue due to certain unavoidable
delays in processing. May data will be
published in the August Bulletin.
15
July 1974
.ACCOUNT OP THE U.S. TREASURY
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury1s 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 fs account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status o f the Account of the U.S. Treasury
Treasuiy operating balance 1/
End of
fiscal year
or month
AvaiiaDie runds in
demand accounts at:
Federal
Reserve
Banks
Special
depositaries, Other
Treasuiy Tax deposi
and Loan
taries 2/
Accounts
_
(In millions of dollars)
Funds in process
of collection
through:
Total
Federal
Reserve
Banks
Other
deposi
taries 2/
_
Time deposits
and other
depositary
accounts
Coin,
currency,
and coinage
metal
Miscel
laneous
items
Gold
Balance
V
Balance in
account of
the U.S.
Treasury
1965..............
1966..............
1967..............
1968.............
1969..............
1970.............
1971.............
1972.............
1973..............
672
766
1,311
1,074
1,258
1,005
1,274
2,344
4,038
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
139
106
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
233
370
577
352
393
355
419
252
243
179
117
320
252
266
190
158
218
187
54
41
534
775
1,159
'768
553
277
441
471
586
55
93
62
86
104
121
108
129
70
108
102
112
111
112
111
109
107
107
12,610
12,407
7,759
6,694
7,104
9,016
9,911
11,310
13,741
1972-Doc..........
1,856
8,907
310
11,073
121
104
37
570
90
107
12,102
4,038
2,867
847
1,626
1,839
1,945
2,543
2,844
2,017
1,372
2,814
3,134
2,919
8,433
4,203
2,217
6,582
3,781
2,666
7,760
7,628
5,579
6,915
8,576
3,226
6.152
106
108
8
71
71
70
70
69
69
69
89
88
88
243
151
141
271
185
150
89
235
203
183
733
128
276
117
41
55
28
19
23
24
27
50
42
41
38
34
12.... .
586
542
549
578
582
536
531
548
528
661
611
620
602
70
67
57
67
65
53
80
78
33
125
53
92
■_
July.........
Aug..........
Sept.........
Oct..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
12,576
7,178
3,072
8,279
5,691
4,681
10,374
10,542
7,665
8,355
11,480
6,448
,.2*159 ,
Source: Daily Statement of the United States Treasury.
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.
64
61
210
69
57
64
137
69
106
193
73
135
107
13,741
107
8,164
107
4,015
107
9,532
107
6,722
107
5,608
107
11,273
107
11,696
107
8,646
107
9,579
106
13,213
106
7,502
__ 3,0,
- ,,
— 1Q&___ ;
2/ Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
Miscellaneous items column.
ij The free gold balance can be readily converted to available funds with
Federal Reserve banks.
16
Treasury Bulletin
ACCOUNT OF TH E U .S. TR EA SU R Y
Table U ST -2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities
Fiscal year
or month
1965.........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974.........
1973-June.....
July.....
Aug......
Sept......
Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mai*..*....
Apr...... .
May......
June......
Retire
Savings ment
bonds
plan and
and
tax and
savings loss
notes 2/
bonds 2/
2,635
2,704
2,783
2,673
2,599
2,573
2,844
3,309
3,261
3,095
1
1
5
4
5
5
5
9
9
268
250
239
200
214
211
200
2
2
_
_
4
337
330
292
296
293
233
_
3
Taxes
Tax
antici
pation
securities
Other
2,340
7,368
7,643
9,538
10,408
13,043
6,954
6,443
4,413
8,255
1,627
1,173
9,576
5,417
3,640
12,421
9,369
6,158
817
-
-
997
1,939
1,351
3,967
1
-
817
-
_
-
Witheld,
excise
and cor
poration 4 /
IXiring period
Income (by
special
arrange
ment) 5/
42,475
48,478
70,524
90,791
123,906
132,460
131,121
145,797
171,828
197,091
12,598
14,522
9,257
-
19,871
13,905
14,322
17,024
13,570
13,893
18,376
14,202
15,259
19,289
18,618
16,173
22,460
_
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports,
l/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their cram 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.
it/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
-
_
-
Total
Credits
With
drawals
End of
period
High
60,050
74,699
91,382
112,583
142,333
151,721
153,346
164,920
185,669
209,267
58,540
75,338
97,160
112,741
141,921
149,317
152,900
164,645
184,874
211,545
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
10,872
11,274
9,979
8,004
9,720
7,990
8,532
10,251
10,854
9,340
20,141
14,155
15,558
17,224
14,601
16,043
19,929
14,539
15,589
23,552
18,915
16,466
22,696
16,389
18,377
17,551
12,856
17,403
17,156
14,831
14,674
17,644
22,213
17,254
21,813
19,773
8,433
4,203
2,217
6,582
3,781
2,666
7,760
7,628
5,579
6,915
8,576
3,226
6,152
8,694
8,299
4,248
6,582
6,020
4,781
7,760
8,343
6,906
6,'915
8,576
9,340
6,800
Low
1,8 4 4
447
710
1,029
709
894
846
1,737
800
520
1,368
2,573
1,622
545
2,615
892
961
3,432
2,731
1,563
520
3,226
844
Average
5,431
4,324
3,775
4,191
4,329
4,022
5,146
5,648
5,644
3,913
4,389
4,570
2,254
2,929
4,123
2,536
3,691
5,778
4,438
4,215
3,557
5,496
3,374
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.
1/ 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.
17
July 1974
_
ACCOUNT OF THE U.S. TREASURY
T able U S T -3 . - Summary o f Cash T ransactions through
the Account o f the U .S . Treasury
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
Cash
deposits
Cash with
drawals 1/
125,464
141,095
163,036
165,086
201,735
209,924
205,961
228,285
252,207
126,395
142,191
164,591
184,581
201,735
223,648
229,353
244,880
276,736
Clearing
accounts
Excess of deposits, 2/
or withdrawals (-)
Total net
transactions
-584
-1,075
654
-2,095
-1,928
1,556
1,822
-5,632
2,365
-931
-1,095
-1,555
-19,495
243
-13,723
-23,393
-16,594
-23,529
3,916
23,701
27,617
21,542
25,575
-4,033
-5,637
28,051
22,414
3,212
26,007
22,795
-5,646
20,765
26,411
Oct..............
26,180
-4,646
21,535
3,360
19,562
22,923
26,686
1,309
1974-Jan..............
27,995
-1,457
22,377
Feb..............
23,834
-3,668
Mar..............
20,088
23,756
25,981
4,531
Apr..............
30,511
-4,410
May..............
27,081
22,671
25,834
31,798
5,963
Fiscal 1974 to date.....
290,625
301,748
-11,123
Source:
Daily Statement of the United States Treasuiy. Figures in the
first four columns may differ somewhat from those originally published
in the daily Treasury statement because of subsequent reclassification
1973-June..............
July.............
-1,515
-2,171
-901
-21,590
-1,684
-12,167
-21,571
-22,226
-21,164
2,233
-2,689
1,442
-164
-951
2,435
-921
377
-1,087
-40
875
-1,911
-1,092
-3,725
6,149
-6,722
-4,195
3,047
-6,597
-2,211
2,439
1,686
-2,544
-3,708
5,405
-6,321
4,872
-14,848
Plus: Net cash borrow
ing, or repayment of
borrowing (-)
Equals: U.S. Treasury
account balance, in
crease, or decrease (-)
3,089
1,968
-3,747
20,525
2,094
14,079
22,466
23,625
23,596
1,575
-203
-4,648
-1,065
409
1,912
895
1,399
2,432
-1,751
1,145
46
2,469
3,786
1,097
3,225
-1,262
-506
-4,6;1
4,398
-5,577
-4,149
5,517
-2,811
-1,114
5,665
-V4-2 ^ 1
11,459
424
-3,050
932
3,635
-5,712
2,850
-3,389
of certain transactions.
1/ Exclude transactions of clearing accounts,
2/ Previously included under cash withdrawals.
Table U ST -4. - G old A ssets and L ia b ilitie s o f the Treasury
(In millions of dollars)
End of calendar year or month
Feb..............................................
Mar..............................................
May
.... ..
Source:
Circulation Statement of United States Money through 1965;
Daily Statement of the United States Treasury thereafter.
1/ Treasuiy gold stock which excludes gold in Exchange Stabilization
Fund. See '’International Financial Statistics." Table IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetaiy Fund from
September 19, 1965 through February 15, 1972; redemption fund for
Federal Reserve notes until March 18, 1968 when it was combined with
the gold certificate fund pursuant to P.L. 90-269, approved March 18,
1968, and gold reserve against U.S. notes until March 18, 1968 when
it was transferred to the public debt also pursuant to P.L. 90-269.
Balance of gold in
U.S. Treasury account
Gold assets 1/
Gold liabilities 2/
13,733 1/
13,159
11,982
10,367
10,367
10,732
10,132
10,410 y
10,410 5/
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
10,303
107
118
112
111
112
109
113
107
107
10,410
10,410
10,410
10,410
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
10,303
10,303
10,303
10,303
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
107
107
107
107
107
107
107
107
107
107
106
106
106
*2/ The United States payment of the $259 million increase in its gold
subscription to the International Monetaiy Fund, authorized by
P.L. 89-31, approved June 2, 1965 (70 Stat. 119) was made on June
30, 1965.
y Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification Act,
P.L. 92-268*, approved March 31, 1972. The increment amounted to $822
million.
£/ Gold assets were valued at $38 per fine troy ounce until October 18,
1973, when they were revalued at $42 pursuant to the amending of
Section 2 of the Par Value Modification Act, P.L. 93-U0, approved
September 21, 1973. The increment amounted to $1,157 million.
18
Treasury Bulletin
.M ONETARY STATISTICS
Table MS-1. - Money in Circulation
Currencies no longer issued
End of
fiscal year
or month
196
196
196
196
196
197
197
197
197
Federal
Reserve
bank
notes
National
bank
notes
Currencies presently
being issued 1/
Gold
certifi
cates 2/
Silver
certifi
cates
Federal
Reserve
notes 2/
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
Total
currencies
5
6
7
8
9
0
1
2
3
68
64
61
59
57
55
54
53
52
22
21
21
21
20
20
20
20
20
13
4
4
4
4
4
4
4
4
829
582
395
225
223
220
218
215
213
4
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
302
303
300
299
294
297
321
320
320
34,820
37,315
39,289
a, 722
44,547
47,626
51,304
54,572
59,664
36,058
38,290
40,071
42,331
45,146
48,223
51,922
55,184
60,273
1972-Dec..
52
20
4
214
1
*
320
58,619
59,229
1973.
June.
52
52
20
20
4
4
214
213
1
1
*
*
320
320
59,106
59,664
59,715
60,273 *
July.
Aug..
Sept.
Oct..
Nov..
Dec..
51
51
51
51
51
51
20
20
20
20
20
20
4
4
4
4
4
4
213
213
213
213
213
213
1
1
1
1
1
1
*
*
*
*
*
*
320
320
320
321
321
321
60,072
60,189
60,011
60,790
61,991
64,130
60,681
1974-Jto..
Feb..
Mar..
Apr..
May..
51
51
51
51
51
20
20
20
20
20
4
4
4
4
4
213
212
212
212
212
1
1
1
1
1
*
*
*
*
#
321
321
322
322
322
61,529
62,114
62,766
63,712
64,610
Coin
End of
fiscal year
or month
Dollars
Fractional
coin
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
482
482
482
482
482
482
482
633
705
3,180
3,782
4,160
4,827
5,308
5,646
5,990
6,383
6,793
1972-Dec.
671
1973-May..
June.
July.
Aug..
Sept.
Oct..,
ftov..
Dec..
1974-Jan..
Feb..
Mar..
APr..
May..
Total
3,662
4,264
Total
money in
circula
tion
60,798
60,620
62*399
62,600
64,738
62,138
62,723
63,375
64,321
65,219
Money in
circulation
per capita
(in dollars) 6/ •
5,309
5,790
6,128
6,472
7,016
7,498
39,720
42,554
44,712
47,640
50,936
54,351
58,393
62,201
67,771
322.08
6,615
7,287
66,516
317.17
700
705
6,746
6,793
7,446
7,498
67,161
67,771
322.10
710
714
718
722
727
733
736
6,832
6,863
6,879
6,922
6,969
7,026
7,006
7,029
7,072
7,157
7,220
7,542
7,577
7,597
7,644
7,696
7,759
7,742
7,770
7,822
7,912
7,980
68,223
68,376
68,217
69,043
70,296
72,497
69,880
70,493
71,196
72,233
73,199 7/
324.03
324.53
323.55
327.26
333.01
343.24
330.66
333.40
336.54
341.27r
345.63
7a
749
755
760
Source: Circulation Statement of United States Jifoney 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.
3/ Issued prior to July 1, 1929.
4,6a
204.14
216.10
224.55
236.82
250.65
265.39
282.03
297.84
319.38
£/ Issued on and after July 1, 1929.
*>/ Excludes money helcl by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
7/ Highest amount to date.
*
Less than $500,000.
r Revised.
July 1974
19
, FEDERAL DEBT.
Table FD-1. - Summary of Federal Debt
fin millions of dollars)
Securities held by:
Total outstanding
End of
fiscal year
or month
Government accounts
Total
Public
debt
securi
ties
Agency
securi
ties
IMF & Inter
national
lending or
ganizations
1/
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
11,770
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
119,088
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
116,697
469
468
2,010
3,001
2,846
2,553
2,251
2,100
1,996
2,190
3,455
3,810
3,328
2,209
825
825
825
825
825
825
122,141
125,381
459,003
461,845
461,439
462,476
464,037
469,898
11,041
11,109
11,118
11,419
11,459
11,488
11,760
11,586
468,184
470,687
474,500
471,903
474,675
11,598
11,581
11,975
12,012
11,984
120,123
123,385
124,992
128,688
127,776
127,444
127,080
129,641
128,706
131,335
131,215
131,147
133,877
2,018
1,996
1,972
1,981
1,964
1,968
1,963
1,961
1,967
1,985
2,002
2,012
2,017
825
825
825
825
825
825
825
825
825
825
825
825
825
Total
Public
debt
securi
ties
Agency
securi
ties
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
J-973.............
1972-<Dec.........
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
469,251
461,068
317,274
319,907
326,221
347,578
353,720
370,919
398,130
427,260
458,142
449,298
1973-May.........
June.........
July.........
Aug.........
Sept.........
Oct.........
Nov.........
Dec.... .....
468,380
469,251
470,121
473,263
472,898
473,964
475,798
481,484
457,338
458,142
1974-Jan.........
Feb.........
Mar
• .. .
Apr.........
May.........
479,782
482,268
486,475
483,915
486,659
126,964
130,669
129,740
129,412
129,043
131,602
130,672
133,320
133,217
133,159
135,895
Source:
Daily Statement of the U.S. Treasury and Monthly Statement of
Receipts and Outlays of the U.S. Government (prior to fiscal 1973,
Monthly Statement of Receipts and Expenditures of the U.S. Government).
1/ Represents non-interest bearing public debt securities issued to the
International Monetaiy Fund, and prior to FY 1967 to the International
Development Association, and the Inter-American Development Bank
The public 2/
Total
Public
debt
securi
ties
1 Agency
securi
ties
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770
343,045
341,155
252,748
251,782
251,084
269,231
268,080
274,924
294,417
314,976
333,932
331,576
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794
9,113
9,579
345,413r
343,045
342,332
341,769
342,333
343,727
345,930
. 349,058
348,285
348j123
352,432
349,931
349,939
336,390
333,932
333,186
332,332
332,838
334,208
336,132
339,432
338,654
338,527
342,459
339,930
339,973
9,023
9,113
9,146
9,437
9,495
9 520
9,798
9,625
9,631
9,596
9,973
10,000
9,966
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 Reserve banks.
r Revised.
Table FD-2. Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
Computed annual interest rate
End of
fiscal year
or month
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1972-Dec.........
1973-June........
July........
Aug.........
Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June.........
Total
interestbearing
public
debt
Computed
arvnual
interest
charge
Marketable issues
Total
interestbearing
public
debt
Total
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
447,298
11,467
12,516
12,953
15,404
17,087
20,339
20,254
21,545
26,591
24,006
3.678
3.988
4.039
4.499
4.891
5.557
5.141
5.093
5.872
5.402
3 .8 0 0
546,353
457,217
459,918
459,471
460,587
462,076
467,827
26,591
27,288
28,443
28,808
28,846
29,177
29,514
29,646
29,423
29,760
29,836
30,560
30,741
5.872
6.018
6.239
6.327
6.332
6.377
6.371
6.382
6.337
6.358
6.409
6.529
6.560
6.129
466,273
468,629
472,622
480,087
472,741
473,238
^Footnotes at end of Table FD-8.
4.134
4.165
4.757
5.232
5.986
5.210
5.099
6.129
5.520
.
6.311
6.628
6.742
6.755
6.847
6.820
6.838
6.765
6.793
6.845
7.006
7.030
Nonmarketable
issues 2/
Special
issues
Bills
1/
Certifi
cates
Notes
Treasury
bonds
4.064
4.845
4.360
5.711
6.508
7.340
4.516
4.188
6.590
_
4.851
5.250
-
3.842
4.321
4.764
5.294
5.668
6.420
6.519
6.312
6.412
3.642
3.655
3.686
3.681
3.722
3.762
3.759
4.018
4.393
3.493
3.713
3.745
3.876
3.979
4.327
4.608
4.636
5.138
3.372
3.693
3.854
4*133
4.555
5.235
5.375
5.475
5.880
5.079
-
6.328
4.309
4.827
5.563
6.519
7.081
7.788
8.091
8.098
8.144
8.073
8.116
7.886
7.914
8.072
8.321
8.416
.
6.412
4.393
5.138
5.830
_
_
_
6.412
6.421
6.447
6.448
6.462
6.462
6.462
6.443
6.443
4.394
4.494
4.496
4.498
4.564
4.566
4.569
4.643
4.645
4.649
4.752
4.755
5.163
5.241
5.355
5.348
5.343
5.338
5.337
5.295
5.308
5.341
5.400
5.374
6.0 4 0
6 .I64
_
_
-
_
_
_
_
-
$ .4 6 4
6.528
6.529
6.158
6.101
6.067
6.130
6.128
6.160
6.156
6.238
6.324
6.430
20
Treasury Bulletin
FEDERAL DEBT,
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Marketable
End of
fiscal year
or month
Total
public
issues
interest
bearing
public
debt
Total
Bills
1965
1966
1967
1968
1969,
1970,
1971
1972
1973,
1972--Dec.......
313,113
315,431
322,^86
344,401
351,729
369,026
296,289
425,360
456,353
447,298
264,463
264,311
266,131
284,874
284,940
292,702
313,505
335,762
354,615
351,350
208,695 53,665
209,127 54,929
210,672 58,535
226,592 64,440
226,107 68,356
232,599 72,154
245,473 86,677
257,202 94,648
262,971 100,061
269,509 103,870
1973--June......
July......
Aug.......
Sept......
Oct.......
Nov.......
456,353
457,217
459,918
459,471
460,587
462,076
467,827
354,615
354,223
353,784
354,093
355,516
360,515
360,692
262,971
262,708
262,405
262,356
264,047
270,234
270,224
100,061
99,860
101,780
99,762
101,577
107,749
107,786
466,273
468,629
472,622
470,087
360,123
360,000
364,157
361,737
361,455
357,796
270,131
269,650
'273,596
270,452
269,550
266,575
107,805
107,850
111,859
107,337
107,941
105,019
1974--Jan.......
Feb.......
lifer.......
Apr.......
May....... , ‘
June......
472,7a ,
473,238
Certif
icates
_
1,652
5,160
-
-
•
_
-
-
-
_
-
-
Treasuiy
Notes bonds
Nonmarketable
Treasury
bonas
invest
U.S.
Total
savings ment
bonds series
Foreign
Currency
series
Other
securi y
ties 2/
Depos
itary
bonds
Foreign
series
securi
ties 1/
1,132
817
624
2,001
1,703
3,389
7,606
16,913
26,781
18,921
1,137
957
890
1,740
2,367
1,366
1,664
2,072
1,743
1,710
1,601 48,650
137 51,120
97 56,155
282 59,526
564 66,790
1,656 76,323
3,389 82,784
1,322 89,598
1,407 101,738
Special
issues
52,549
50,649
49,108
71,073
78,946
93,489
104,807
113,419
117,840
121,507
102,481
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
55,768
55,183
55,459
58,282
58,833
60,103
68,032
78,560
91,644
44,133 81,840
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,518
3,226
2,692
2,589
2,516
2,459
2,387
2,347
2,310
2,275
57,579
2,305
59
44
45
30
28
25
23
22
19
22
117,840
117,840
118,656
120,698
120,669
124,644
124,643
124 ,64 /126,088
126,088
127,587
128,385
128,419
45,071
45,008
41,969
41,896
41,801
37,841
37,795
91,644
91,513
91,378
91,737
91,953
90,282
90,468
59,418
59,652
59,764
59,836
59,953
60,326
60,317
2,275
2,275
2,275
2,275
2,275
2,275
2,273
19
17
17
16
16
16
16
26,781
26,420
26,159
26,420
26,175
24,477
24,461
1,743
1,746
1,758
1,758
1,586
1,586
1,586
1,407 101,738
1,403 102,996
1,405 106,134
1,432 105,378
1,464 105,071
1,601 101,561
1,814 107,135
37,682
35,712
35,648
35,529
33,224
33,137
89,991
90,350
90,562
91,285
91,905
91,221
60,497
60,798
61,097
61,381
61,658
61,921
2,273
2,272
2,272
2,272
2.271
2,271
16
16
16
16
16
16
23,757
23,762
23,602
24,086
24,400
23,412
1,588
1,589
1,597
1,599
1,599
1,599
1,861
1,912
1,977
1,931
1,961
2,002|
Source: Daily Statement of the United States Treasuiy.
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.
2/ 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.
1,304
1
y
95,948
106,151
108,629
108,465
108,350
111.286
115,442
_______-
Includes Treasuiy bonds, Rural Electrification Administration series
beginning November 1961; retirement plan bonds beginning January 1963;
Treasuiy certificates beginning June 1973; Treasuiy bonds beginning
December 1969, State and local Government series (certificate of in
debtedness, Treasuiy notes and bonds) beginning August 1972; and U.S.
savings notes beginning May 1967 and discontinued after June 30, 1970;
Treasuiy notes beginning December 3-972.
Table FD-4. - M aturity D istribution and Average Length o f Marketable Interest-Bearing Public Debt.
(In millions of dollars)
Maturity Classes
End of
fiscal year
or month
Amount
outstanding
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1972-Dec...........
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
1973-June..........
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
1974-Jan...........
Feb...........
Mar...........
Apr...........
June...........
Source:
1 year
1-5
years
Within
5
-10
years
10 - 20
years
20 years
and over
56,198
60,933
71,424
64,470
62,770
89,615
89,074
89,004
88,223
88,546
39,169
33,596
24,378
30,754
34,837
15,882
24,503
26,852
31,111
8,449
8,439
8,425
8,407
8,374
10,524
8,455
9,343
14,477
17,241
17,023
16,797
16,553
16,217
11,048
10,670
10,059
6,357
269,509
87,637
89,136
89,648
106,407
103,910
105,530
112,772
121,944
122,803
130,422
29,143
15,301
6,079
3 yrs. 1 mo.
262,971
262,708
262,405
262,356
264,047
270,234
270,224
270,131
269,650
273,596
270,452
269,550
266,575
122,803
122,602
129,072
129,114
130,940
139,433
141,571
141,590
141,444
145,453
140,905
142,864
139,942
88,223
88,223
80,594
80,576
80,535
83,817
81,715
81,716
79,045
79,045
80,570
77,165
77,199
31,111
31,108
31,106
31,103
31,102
25,136
25,134
25,132
26,968
26,965
26,961
26,960
26,957
14,477
14,457
15,345
15,317
15,269
15,679
15,659
15,596
16,129
16,092
16,036
17,458
17,403
6,357
6,318
6,288
6,245
6,201
6,169
6,145
6,098
6,063
6,040
5,981
5,103
5,074
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
3 yrs.
Office of Debt Analysis in the Office of the Secretary.
Average length
5 yrs. 4 mos.
4 yrs. 11 mod.
4 yrs.
4 yrs.
4 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
7 mos.
2 mos.
0 mos.
8 mos.
6 mos.
3 mos.
2 mos.
2 mos.
2 mos.
3 mos.
2 mos.
1 mo.
1 mo.
0 mo.
0 mo.
0 mo.
11 mos.
11 mos.
0 mo.
0 mo.
July 1974
21
FF.nF.RAT.
DEBT_________________________ *
Table FD -5. - Special Public Debt Issues
(In millions of dollars)
End of
fiscal year
or month
Total
Exchange
Stabilization
Fund
232
560
833
722
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1972-Dec...............
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
95,948
1,242
1,424
2,934
2,903
1973-June..............
101,738
102,996
106,134
105,378
105,071
101,561
107,135
106,151
108,629
108,465
108,350
111,286
115,442
2,934
2,936
2,869
2,888
2,839
42
2,869
2,824
2,855
2,868
2,875
2,793
2,364
Oct...............
197/;-Jan...............
Feb...............
End of
fiscal year
or month
-
Federal
Deposit
Insurance
Corporation
Federal
disability
insurance
trust fund
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
26,110
312
57
85
174
120
74
156
274
263
54
1,563
1,150
1,376
1,891
3,042
4,435
5,713
6,697
7,488
7,083
27,894
28,058
27,799
27,748
27,694
27,599
28,249
28,265
263
138
112
293
154
68
68
136
364
366
362
492
436
7,488
7,460
7,464
7,514
7,504
7,327
7,540
7,480
7,566
7,665
7,670
7,659
7,880
Federal
employees'
retirement
funds
?§'?&
28,105
28,026
27,949
31,201
Federal home
loan banks
100
924
52
152
52
199
44
62
*
24
*
*
1
*
*
*
-
_
_
-
Federal Savings
and Loan
Insurance
Corporation
Government
life insuranc
fund
1965.................
1966..................
1967.................
1968.................
1969..................
1970..................
1971..................
1972..................
1973.................
1972-Dec..............
287
223
3
36
73
80
89
139
81
156
933
938
814
876
842
797
758
717
690
710
265
238
722
978
1,513
2,602
3,635
4,456
5,550
4,652
5,909
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
6,339
963
820
1,842
3,123
3,277
3,339
3,303
3,434
3,751
3,852
3,742
3,766
3,406
1973-June.............
July.............
Aug..............
Sept..............
Oct..............
Nov..............
Dec..............
1974-Jan..............
Feb..............
Mar..............
81
91
13
13
52
54
110
123
74
80
94
138
129
690
684
678
674
668
663
671
666
662
656
649
643
651
5,550
5,787
6,082
6,195
6,157
6,333
6,605
6,721
7,133
7,332
7,354
7,588
7,599
6,427
6,420
6,414
6,401
6,386
6,382
6,524
6,514
6,511
6,496
6,478
6,469
6,605
820
1,867
1,721
1,650
1,511
983
870
581
460
435
331
160
385
3,766
3,576
3,591
3,379
3,223
3,216
3,170
3,059
3,048
2,985
2,773
3,735
3,706
May..............
June.............
Highway
trust fund
Source: Daily Statement of the United States Treasury.
\/ Consists of Federal Housing Administration fund; Employees life
insurance fund; Veterans’ special life insurance fund; Veterans'
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
National
service life
insurance
fund
Postal
service fund
_
-
Railroad
retirement
accounts
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
o insurance
trust fund
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
2,799
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
30,752
4,172
4,437
4,757
5,241
5,506
5,449
6,379
6,604
6,670
7,045
7,372
7,565
7,814
31,424
31,417
33,068
32,017
32,042
31,479
32,1^4
31,501
33,023
32,899
33,172
33,089
33,640
Unemployment
trust fund
Other
1/
5,799
7,075
7,785
8,807
9,957
10,520
8,514
7,186
8,330
7,392
287
188
802
583
772
497
842
1,133
1,899
1,727
8,330
8,065
9,236
8,984
8,757
9,267
9,174
8,648
8,916
8,277
7,853
9,567
9,495
1,899
2,060
2,328
2,377
2,577
2,699
2,773
3,029
3,123
3,257
3,344
3,440
3,536
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; and Airport and
airway’trust fund beginning July 1973.
Less than $500,000.
22
Treasury Bulletin
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government
Defense
Department
End of
fiscal year
or month
Total
amount
Family Housing
outstanding and Homeowners
1/
assistance
(In millions of dollars)
Housing and Urban Development Department
Federal
Housing
Admini
stration
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
9,335
13,377
18,445
24,399
14,249
12,510
12,163
10,894
11,109
2,183
2,112
2,036
1,951
1,863
1,775
1,683
1,588
1,484
570
441
492
548
577
517
487
454
1972-Dec..............
11,770
1,535
1973-May..............
June.............
July.............
Aug..............
Sept.............
Oct..............
Nov..............
Dec..............
1974-Jan..............
Feb..............
Mar..............
11,041
11,109
11,118
11,419
11,459
11,488
11,760
11,586
11,598
11,581
11,975
12,012
11,984
1,494
1,484
1,482
1,470
1,462
1,448
1,445
1,439
1,428
1 ,4 2 0
1,415
1,407
1,398
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972................. .
1973.................
1972-Dec..............
1973-May..............
July.............
Aug..............
Sept.............
Oct..............
Nov..............
Dec..............
1974-Jan..............
Feb..............
Mar..............
Apr..............
_
250
250
250
225
285
417
525
728
996
1,355
1,855
2,255
2,065
*
*
3
3
3
3
’3
3
3
250
250
2,175
2,255
250
250
250
250
250
250
250
250
250
250
250
2,295
2,303
2,352
2,395
2,405
2,435
2,465
2,457
2,445
2,517
2,646
-
-
-
-
5
-
2,221
2,221
2,218
2,518
2,518
2,53.8
2,818
2,646
_
-
_
-
-
-
-
2,643
2,643
3,043
3,043
2,897
-
-
-
5
5
5
9
9
9
9
9
9
10
10
10
10
Memorandum - Interest -bearing
securities of non-Government agencies 4 /
Tennessee
Valley
Authority
-
-
2,625
4,480
4,480
4,445
4,445
4,445
4,445
4,415
4,390
Other
Postal
Service
-
413
Other independent
agencies - (Continued)
End of
fiscal year
or month
2,529
2,893
3,363
3,779
-
4,830
-
4,390
4,390
4,390
4,370
4,370
Federal
Home Loan
Bank Board
*
*
*
6
6
6
6
5
5
412
419
419
416
415
410
408
409
412
410
Federal
Intermedi
ate credit
banks 2/
709
881
1,072
1,230
-
456
419
Banks for
cooperatives
1/
1,022
1,385
2,164
2,571
2,472
1,893
2,625
1,819
2,221
1,797
3,269
4,079
5,887
420
Export-Import
Bank of the
United States
Secondary
market
operations
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
412
Other independent agencies
Farm Credit Administration
Federal
National
Mortgage
Assoc. 2/
Government
National
Mortgage
Association
Agencies
Federal
Banks for
Federal home intermediate
credit banks
cooperatives loan banks
2/
5/
2/
_
1 ,4 1 1
1,529
1,790
1,805
2,338
1,964
3
3
3
3
3
3
3
3
3
3
3
3
3
3
I
1
2^
l
2,333
1
2,384
2,336
2,586
2,748
2,729
2,695
2,766
2,853
2,902
2,836
2,700
1
Source: Bureau of Government Financial Operations.
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 Development Act of 1968 (P.L. 90-4^8).
2/ Effective December 31, 1968, banks for cooperatives and Federal in-
4,757
6,310
4,588
4,702
5,524
9,914
7,923
7,848
12 ,149
8,336
11,549
12,149
13,147
14,496
15,996
17,296
17,146
17,146
16,346
15,689
15,689
15,685
16,838
_
-
4 ,2 4 0
4,942
5,705
6,188
6,673
5,873
6 ,4 8 6
6,673
6,776
6,758
6,880
6,961
6,956
6,932
7,031
7,121
7,263
7,514
7,708
Federal
land
banks
Federal
National
Mortgage
Association
2/ 6 /
_
3,532
4,106
4,612
5,319
5,720
6,192
6,652
7,393
9,058
8,027
8,076
13,165
14,996
18,560
21,087
17,239
9,058
9,058
20,226
21,078
9,610
9,612
9,612
10,062
10,062
10,062
10,272
10,506
10,506
11,067
11,067
20,843
21,187
21,597
22,243
22,404
23,002
-
23,131
23,093
23,517
24,029
24,317
District of
Columbia
Stadium
Fund
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
y For details of securities outstanding, see Table TSO-6.
Includes Federal Home Loan Mortgage Corporation mortgage backed
3/ bonds
beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
Less than $500,000.
July 1974
23
FEDERAL
h h b t
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Agriculture
Department
Fiscal year
or month
1973-May........
June.......
July.......
Aug........
Sept.......
Oct........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May........
_
-
-
2,181
-
_
_
_
_
_
-
Retire Out
ments standing
_
_
-
-
-
2,181
-
-
_
_
_
_
_
-
-
Farmers Home
Administration 1/
Total
Commodity Credit
Corporation
Sales
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
Participation certificates issued by GNMA acting as trustee
Export-Import Bank
of the United States
Sales
450
761
1,411
570
_
-
_
_
-
-
Retire 0ui>
ments standing
1,022
255
398
1,385
3/ 650 3/ 2,146
2,183
533
369
1,814
321
1,493
268
1,226
608
618
576
42
2
-
—
173
2
_
150
Sales Retire
ments
_
300
1,840
30
2,900
180
3,250
180
1,330
630
1,280
1,315
1,085
440
576
576
574
574
574
574
574
401
399
399
399
399
249
-
-
35
30
25
20
-
Out
standing
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,480
4,480
4,445
4,445
4,445
4,445
4,415
4,390
4,390
4,390
4,390
4,370
4,370
Sales Retire
ments
_
_
_
600
525
225
I84
401
80
168
24
-
-
-
-
-
-
-
Health, Education,
and Welfare
Department 2/
Out
Retire Out
standing Sales ments
standing
_
_
_
_
_
_
_
_
600
100
100
_
100
200
1,125
1,166
212
15
3
765
209
3
_
2
685
207
517
6
201
2
199
493
493
493
493
493
493
493
493
493
493
493
493
493
493
-
-
-
_
-
-
_
-
-
-
-
199
199
199
199
199
199
199
199
199
199
199
199
199
Participation certificates issued by GNMA acting as trustee - (Continued)
Fiscal year
or month
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1973-May.........
June........
July........
Aug.........
Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar..........
(Memorandum)
Commodity Credit Corp.
Veterans
Small Business
(net certificates of
Governnlent National
Administration 7/
interest authorized under
Administration 6 /
Office of Secretary lj
Mbrtgage Association jj/
Charter Act) 8 /
Retire Out
Retire Out
Retire Out
Retire Out
Retire Out
Sales
standing Sales ments
standing Sales ments
standing Sales
ments
ments
standing Sales ments
standing
Housing and Urban Development Department
680
1,140
640
_
-
_
_
_
May.........
-
_
27
324
963
405
34
.
_
_
-
_
_
680
1,820
2,433
2,109
1 ,1 4 6
741
707
707
707
707
707
707
707
707
707
707
707
707
707
707
200
_
200
605
740
465
140
-
20
50
50
134
190
81
193
95
785
1,475
1,891
1,897
1,707
1,626
1,433
1,338
19
18
15
_
_
13
-
1,338
1,338
1,319
1,319
1,319
1,319
1,301
1,286
1,286
1,286
1,286
1,273
1,273
_
_
-
Source: Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural Housing
'Loan programs.
2J Includes Construction of Higher Education Facilities, Health Professions
Education Fund, and Nurse Training Fund, beginning April 1968.
2/ Includes $107 million refunding transaction.
ij Includes College Housing, Elderly Housing, and Public Facility programs.
5/ Includes Special Assistance, and Management and Liquidating programs.
350
520
430
50
-
_
70
70
203
225
91
206
41
_
-
-
-
-
<*■
—
-
_
_
350
800
1,160
1,007
782
691
485
444
444
444
444
444
444
444
444
444
444
444
444
444
444
100
_
100
885
260
590
260
_
-
10
975
1,175
1,704
1,885
1,749
1,650
1,543
_
-
-
60
60
79
136
99
107
243
16
_
12
10
7
“
42
436
167
_
667
_
-
_
_
99
_
-
_
_
_
_
_
-
419
855
1,0 2 1
923
1,590
_
_
-
1 ,3 0 0
1,300
1,3 0 0
1,284
1,284
1,2 8 4
1,284
1,272
1,262
1,262
1,262
1,262
1,255
1,255
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
-
6/ Includes programs for Disaster Loans, and Business Loans and Invest
ments.
2/ Includes Direct Loan and Lpan 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.
Treasury Bulletin
24
FEDERAL DEBT
T able F D -8 . - D ebt Subject to S tatu tory L im ita tio n
End of
fiscal year
or month
(In millions of do] lars)
Total outstanding sub
ject to limitation
Statutory
debt
limit
Total
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1972-Dec.
1973-June
July
Aug.
Sept
Oct.
Nov.
Dec.
1974-Jan.,
Feb.,
Mar..
Apr..
May.,
June.
324.000
317,581
328.000
336,000
320,102
358.000
377.000
377.000
430.000
450.000
465.000
465.000
326,471
350,743
356,932
373,425
399,475
428,576
459,089
450,618
465.000
465.000
465.000
465.000
465.000
465.000
475.700
475.700
475.700
475.700
475.700
475.700
495.000
459,089
459,958
462,801
462,394
463,432
464,990
470,850
469,131
471,631
475,446
472,852
475,623
476,006
Interest bearing debt
subject to limitation
Public debt Agency securities Public debt Agency
debt of District
securities &
securitiei securities
of Columbia 1/
v
316,991
319,641
325,959
346,925
353,084
370,288
397,503
426,638
457,522
590
462
512
3,819
3,847
3,137
1,972
1,939
1,567
313,113
315,431
448,677
457,522
458,384
461,225
460,820
461,858
463,419
469,280
467,566
470,069
473,882
471,285
474,057
474,443
District of
Columbia 2/
Matured debt and bearing no
interest subject to limitation
Public debt
securities
344,401
351,729
369,026
396,289
425,360
456,353
569
441
492
3,798
3,827
3,117
1,952
1,919
1,547
20
20
20
20
20
20
20
20
20
3,878
4,210
3,673
2,524
1,355
1,262
1,214
1,278
1,168
1,941
447,298
1,921
20
1,379
1.567
1.574
1.575
1.574
1.574
1,571
1,570
1,565
1.563
1.564
1.567
1.565
1,563
456,353
457,217
459,918
459,471
460,587
462,076
467,827
466,273
468,629
1.547
1.554
1.555
1.554
1.554
1,551
1,550
1,545
1.543
1.544
1.547
1.545
20
20
20
20
20
20
20
20
20
20
20
20
20
1,168
1,166
1,307
1,349
1,270
1.342
1,453
1,292
1,440
1,259
1,198
1,316
1,205
Source: Daily Statement of the United States Treasury.
\
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 1973. For a
summary of legislation on debt limitation under the Second Liberty
322,286
472*622
470,087
472,741
473,238
1.
Agency
securities
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 ,1 3 5 million are now outstanding.
ZJ District of Columbia Armory Board Stadium Bonds.
Less than $500,000.
Footnotes to Table FD-2
Source: Daily Statement of the United States Treasury.
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 i9 6 0 ). The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
interest charge foy 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
on the coupon rate for all issues.
1/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
2/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
25
July 1974
.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 93-325 provides that beginning
on June 30, 1974, and ending on March 31, 1975, the public
debt limit shall be temporarily increased by $95 billion.
The Act of June 30, 1967 (Public Law 90-39) provides
that the face amount of beneficial Interests and participa
tions issued under section 302(c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717(c)) during
the fiscal year 1968 and outstanding at any time shall be
added to the amount otherwise taken into account in deter
mining whether the requirements of the above provisions are
met.
Part A. - Status Under Limitation June 30, 1974
_____________________________________ (In millions of dollars)_____________________________
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)..............................................................
Amounts outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended..........
474 443
*428
Debt of U.S. Government agencies................................................
Participation certificates (12 U.S.C. 1717(c)).....................................
1,1 3 5
Total apount outstanding subject to statutory debt limitation.......................
Balance issuable under limitation.................................................
495,000
4-76,006
18,994
Part B. - Application of Statutory Limitation June 30, 1974
(In millions of dollars)
Classification
Total
outstanding
Public debt:
Interest-bearing debt:
Public issues — marketable:
Treasury bills.....................................................................
105,019
Treasury notes............................................................... .....
128,419
Treasury bonds.....................................................................
33.137
Total public issues — marketable....................................................
266,575
Public issues — nosnmarketable:
Treasury certificates of indebtedness:
Foreign series...................................................................
8,757
Foreign currency series............................................................ ..... 127
Treasury notes:
Foreign series...................................................................
14,655
Foreign currency series............................................................
1,472
Treasury bonds..................................................................... ..... 250
Treasury certificates of indebtedness.................................................. ..... 563
Treasury notes..................................................................... ......60
U.S. savings bonds..................................................................
61,921
U.S. savings notes.................................................................. ..... 477
U.S. retirement plan bonds........................................................... ......75
Depositary bonds................ ................................................... ..... 16
Treasury certificates of indebtedness, R.E.A. series...................................... ...... 15
Treasury bonds, R.E.A. series............................................................... 8
Treasury bonds, investment series.....................................................
2,271
Treasury certificates of indebtedness - State and local
Government series.......................................................................12
Treasury notes - State and local Government series........................................ ..... 211
Treasury bands - State and local Government series........................................ ..... 331
Total public issues — nonmarketable..................................................
91,221
Special issues to Government agencies and trust funds.........................................
115,442
Total interes-fc-bearing debt.........................................................
473,238
Matured debt on which interest has ceased.................... ................................ ..... 277
Debt bearing no interest:
-izz
Special note of the United States:
International Monetary Fund series...... ................................................ ..... 825
Mortgage Guaranty Insurance Company Tax and Loss Bonds........ :..................................... 56
U.S. savings stamps.................................................................... ..... 43
Excess profits tax refund bonds............................. ................... .......... ...... 1
U.S. notes........................................................................... ..... 323
Deposits for retirement of national bank and Federal Reserve bank notes.......................... ..... 71
Silver certificates.................................................................... ..... 212
Other debt bearing no interest........................................................... ..... 10
Total debt bearing no interest...........................................................
1^45
Total public debt....................................................................
475 060
Debt of U.S. Government agencies:
Interest-bearing debt........................................................................ 428
Matured debt on which interest has ceased................................................... ......*
Total debt of U.S. Government agencies................................................... ..... 428
Total public debt and debt of U.S. Government agencies.......................................
475,488
Deduct debt not subject to limitation....................................................... .... 617““
Add participation certificates............................................................
1 135
Total subject to limitation...........................................................
Source: Daily Treasury statement.
* Less than $500,000.
476 006
Treasury Bulletin
26
FEDERAL DEBT
Table FD-10. - Treasury H oldings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Housing and Urban
Development
ExportSecretary: Inrport
Bank of
Farmers
Rural
Govern
the
Home
Electri Adminis
United Secretary ment
fication tration
National Other
States
Adminis programs
Mortgage y
3/
tration
Assn. 5/
2/
Agriculture Department
End of
fiscal year
or month
196 5
196 6
196n....
196 8
196 9
197 0
197 1
197 2
197 3
1972-Dec..
1973-Tune,
July,
Aug.,
Sept,
Oct..
Nov.,
Dec.,
1974-Jan.,
Feb.,
Mar.,
Apr.
May.
June,
Total
28,354
26.964
24,611
27,040
28,164
30,651
31,9*4
33,939
34,237
32.965
34,237
36,236
36,599
37,025
33,840
33,816
34,152
34,198
34,202
34,086
33,970
34,534
35,434
Agency
for
Inter
national
Develop
ment l/
Commodity
Credit
Corpo
ration
712
689
662
638
544
512
451
4I6
374
398
13,111
11,768
10,097
11,989
12,115
12,262
11,977
11,501
10,864
10,655
4,075
4,234
4,518
4,770
£,045
5,328
5,746
6,051
6,563
6,252
1,235
1,436
1.415
1,454
1,583
1.416
1,391
1,606
1,610
1,359
374
367
367
367
367
367
356
356
356
356
356
356
327
10,864
12,454
6.563
6.563
6.563
6.563
6.563
6.563
6.763
6.763
6.763
6.763
6.763
6.763
6,963
1,610
1,610
1,610
1,610
1,610
1,610
1,610
12,630
12,592
9,477
9,731
9,724
9,240
9,104
9,009
8,889
8,757
8,608
2,010
2,010
2,160
2,210
2,410
2,54 5
362
720
1,586
783
1,743
1,888
1,176
2,753
3,133
2,670
1,937
1,570
2,261
3,602
3,914
3,963
4,028
1,899
1,466
1,329
1,950
2,427
3,133
3,552
3,781
3,053
3,833
1,888
1,979
1,875
2,028
2,051
1,828
2,072
2,181
2,336
2,083
2,099
2,315
2,457
3,963
4,003
4,020
4,120
4,120
4,028
4,037
4,067
4,081
4,115
4.025
4.025
4.025
3,053
3,341
3,624
3,679
3,587
3,462
3,364
3,248
3,211
P.075
3,068
3,129
3,133
513
178
Source: Daily Statement of the United States Treasury
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1973 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 310-16, and the 1973 Combined Statement of
Receipts, Expenditures and Balances of the United States Government,
pages 549-551.
Jl/ And predecessor agencies. Beginning fiscal 1957 figures exclude
notes previously issued by the Administrator in connection with
informational media guaranties. The obligation for these notes was
assumed by the Director of the United States Information Agency,
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and
the notes together with others issued for the same purpose are
included in "Other.11
2/ Farm housing and other loan programs,Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural
Housing Insurance Fund, and Rural Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
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.
5/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
10
25
10
15
10
223
665
1,641
1,001
1.641
1.641
1.641
1.804
1.804
1.964
1.964
2,068
2,068
2 ,2 4 2
2,242
2,462
2,462
Transpor
tation
Dept.
Tenn
essee Saint
Valley Lawrence
Author Seaway
Develop
ity
ment
Corp.
Veterans
Adminis
tration:
Direct
loan
program
95
100
100
100
100
100
100
100
100
100
124
125
125
129
133
133
130
127
123
124
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
100
100
100
100
100
100
100
100
100
100
125
100
100
123
122
122
121
121
121
121
121
121
121
121
121
121
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
Under
Defense
produc
tion
Act
of 1950
1/
2,056
2,023
1,850
1,854
2,032
1,996
Other
8/
2.014
2.014
51
72
90
118
148
183
250
294
315
296
2.014
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
315
310
302
295
295
295
295
300
307
316
327
350
946
2,010
2,010
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) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(N0AA), beginning December 1972; Virgin Islands Corporation from
September 1959 - September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of
helium properties beginning May 1964; Bureau of 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 Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund )fromMay 1973-August 19'73'
Rural Telephone Bank beginning January 1974; Federal Financing Bank
beginning May 1974.
July 191A
21
PUBLIC DBBT OPERATIONS,
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and Annual Treasury Bills
O utstand in g June 30, 1974
(In millions of dollars)
Amount of maturities
Amount of Maturities
Tsar
and
month
of final
maturity
1/
im
Aug..
Sept.
Oct..
Nov..
Dec..
Held hr 2/ Description
5-5/856
6#
1-1/2#
5-3/4#
3-7/8#
5-7/8#
Note
Note
Note
Note
Bond
Note
-
8/15/74-B
9/30/74-E
10/1/74-E0
ll/15/74-A
11A5/74
12/31/74-F
Total..
1975
Feb.
U.S. Gort.
accounts and All
Federal Re other
serve banks investors
Total
10,284
2,060
42
5,442
1,213
2,102
5,947
242
2,223
148
100
4,337
1,818
42
3,219
1,065
2,002
21,143
8,660
12,483
5-3/4#
5-7/8#
Note
Note
2/15/75-A
2/15/75-E
4,015
1,222
1,564
133
2,451
1,089
Apr.
1-1/2#
Note -
4A/75-EA
8
-
8
May.
6#
5-7/8#
Note
Note
5/L5/75-B
5/15/75-F
6,760
1,776
4,522
131
2,238
1,645
Aug..
5-7/8#
Note
8/15/75-C
7,679
2,861
4,818
Sept.
8-3/8#
Note
1,968
1-1/2#
Note
2,042
30
74
Oct..
9/30/75-G
10/1/75-E0
-
30
Nov..
7#
Note
11A5/75-D
3,115
759
2,356
Dec..
7#
Note
12/31/75-H
1,731
236
1,495
28,378
10,280
18,098
Total.
1976
Feb..... 6-1/4%
5-7/8%
Note Note -
2/15/76-A
2A5/76-F
3,739
4,945
2,857
1,434
882
3,511
Mar..... 8%
Note -
3/31/76-H
1,532
54
1,478
Apr..... 1-1/2%
Note -
4/1/76-EA
27
-
27
May..... 6-1/2%
5-3/4%
Note Note -
5/15/76-B
5A5/76-E
2,697
2,802
820
653
1,877
2,149
June.... 8-3/4%
Note -
6/30/76-1
2,703
692
Aug..... 7-1/2%
6-1/2%
Note Note -
8A5/76-C
8/15/76-G
4,194
3,883
Oct..... 1-1/2%
Note -
10A/76-E0
Nov..... 6-1/4%
Note -
ll/15/76-D
Total .
1977
Feb.
Apr.
3,414
4,991
4#
Bond -
2A5/80
2,572
862
1,710
May.
6-7/8#
Note -
5/15/80-A
7,265
5,505
1,760
Nov.
3-1/2#
Bond -
11/15/80
1,895
749
1,146
11,732
7,116
4,616
1,842
807
497
408
1,345
399
Total..................
2,649
905
1,744
1982
Feb.
6-3/8#
Bond -
2/15/82
2,702
1,043
1,659
1983
June.
3-1/4#
Bond - 6/15/78-83
1,471
284
1,187
Aug.
6-3/8#
Bond -
8/15/84
2,353
1,375
978
3-1/4#
4-1/4#
Bond 5A5/85
Bond - 5/15/75-85
933
1,200
230
502
703
698
2,133
732
1,401
Total..................
1981
Feb.
Aug.
1985
May.
7#
7#
Note Bond -
2/15/81-A
8/15/81
Total.
334
1,666
1,866
2,528
2,017
1990
Feb.
3-1/2#
Bond -
2/15/90
3,866
1,131
2,735
11
-
11
4,325
315
4,010
1992
Aug.
4-1/4#
Bond - 8/15/87-92
3,648
1,432
2,216
30,858
10,357
20,501
1993
Feb.
4#
6-3/4#
Bond - 2/15/88-93
Bond 2/15/93
226
627
70
176
156
451
Aug.
7-1/2#
Bond - 8/15/88-93
1,914
1,121
793
2,767
1,367
1 ,4 0 0
1,420
554
1,974
5,163
3,069
2,094
4/1/77-EA
5
-
5
6-7/8#
Note
470
2,095
Note
5A5/77-C
8/15/77-B
2,565
7-3/4#
1-1/2#
4,918
1,642
3,276
Note
10/1/77-E0
17
-
17
12,668
5,181
7,487
8,389
15
2,462
3
8,207
3,379
5,010
15
1,819
3
4,604
Total.
8,405
882
2/15/77-A
1-1/2%
Total..................
4/1/79-EA
8/15/79-A
ll/15/79-B
ll/15/79-C
1,216
Note
2A5/78-A
4A/78-EA
8A5/78-C
10A/78-E0
11/15/78-B
1
2,742
489
1,759
-
11/15/86
Note
Note
Note
Note
Note
Note
1,817
1,115
482
Note
Note
Note
Note
Bond -
8#
6 -1 /4%
1 -1/2%
8-3/ a
1
4,559
1,604
2,241
1-1/2#
6-1/4#
6-5/8#
7#
6-1/8#
Aug.
1978
Feb.
Apr.
Aug.
Oct.
Nov.
1980
Feb.
Total
U.S. Govt,
accounts and ill
Federal Re- other
investors
2,011
1-1/2#
Total..
1979
Apr.
Aug.
Nov.
Held lay 7j Description
1986
Nov.
May.
Oct.
Tear
and
month
of final
maturity
H
19,076
-
643
3,603
7,625
11,451
Total..
1994
May.
4-1/8#
Bond - 5/15/89-94
1995
Feb.
3#
Bond -
2/15/95
801
137
664
7#
3-1/2#
Bond - 5/15/93-98
Bond 11/15/98
692
2,994
254
874
438
2,120
3,686
1,128
2,558
588
328
260
May.
Nov.
Total..
1999
May..
8-1/2#
Bond - 5/15/94-99
28
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table P D O -2. - O ffe rin g s o f Treasury B ills
(Amount in millions of dollars)
Description on new issue
Amount of bids accepted
Issue date
Number of
days to
maturity l/
Maturity
date
Regular weekly:
(13-week and 26-week)
1974-Mar.
7.........
14..........
Apr.
11..........
May
June
(l974-June
t
Sept.
f
June
\
Sept.
f
June
\
Sept.
I
June
\
Sept.
1
July
\
Oct.
f
July
\
Oct.
f
July
t
Oct.
f
July
\
Oct.
/
Aug.
\
Oct.
r
Aug.
t
Nov.
[
Aug.
1
Nov.
f
\
f
t
Aug.
Nov.
Aug.
Nov.
f
t
[
t
f
i
j
\
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
5 U .......
6..........
One-year and 52-week:
1973-June
6
5
13
12
20
19
27
26
5
3
11
10
18
17
25
24
1
31
8
7
15
14
22
21
29
29
Various
5
5
12
12
19
19
26
26
91
182
91
182
91
182
91
182
92
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
$1
183
91
182
91
182
91
182
91
182
Amount of
bids
tendered
3,317.1
4,363.9
5,175.1
3,448.5
3.764.1
3.073.2
3,395.8
3,333.6
3.718.0
3.929.0
3,909.1
3,452.6
4,010.5
3,553.9
3,434.7
2,819.2
3,093.1
2,464.8
4,044.6r
3,469.4
3,670.4r
3,226.5
3,475.5r
2,756.1
3,722.5r
3,473.5
2,457.8
3,577.6
3,383.4
3.693.1
3.792.1
5,053.9
4,261.2
Total
amount
On competi
tive basis
Z/
On noncom
petitive
basis 2/
2,500.7
1,804.9
2.501.9
1.801.9
2,501.0
1,801.2
2.501.2
1.801.2
2,112.0
1,639.8
2,081.9
1,578.2
2,056.8
1,603.6
388.7
165.2
420.0
223.7
444.1
197.6
439.8
207.6
3,925.3
3,016.8
2,501.3
1,809.6
2,501.2
1,802.0
2,503.0
1,804.2
2,501.1
1,801.5
2,503.5
1,802.3
2,500.5
1,801.3
2,601.4
1,902.3
2,604.3
l,900.9r
2,604.lr
1,902.6
800.5
2,602.1
1,903.9
2,603.1
1,902.6
2,600.9
1,901.3
2.600.5
1.900.6
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
467.3
282.9
536.9
306.4
539.3
286.2
2,511.8
1,808.5
2,501.8
1,802.3
2,501.9
1,803.3
2,524.0
1,802.6
2,501.1
1,801.0
2,504.5
1,803.2
2.502.1
1.802.1
2.162.4
1.643.5
2.175.4
1.681.4
437.4
243.5
392.6r
196.6
492.1
273.5
500.8
349.0
459.9
238.8
368.lr
224.1
3.8
443.3
285.3
456.1
296.2
438.5
257.8
425.1
219.2
2,505.4
1,801.6
2,506.8
1,801.1
2,504.6
1,800.9
2,501.9
1,801.4
2,502.8
1,800.4
2,503.1
1,797.6
2.500.7
1.800.7
2,501.9
1,801.3
2,501.0
1,799.0
2,501.2
1,801.7
32,560.8
46,851.0
32,560.8
46,850.6
32,559.9
46,848.5
32.537.1
46.847.1
32,537.3
46,855.7
32,534.0
46,854.4
32,534.9
46,856.5
32,530.6
46,856.4
32,527.3r
46,857.5
32,523.2r
46,857.9
32,622.7r
46,958.9
32,724.3r
47,059.3
32,825.3r
47,164.2
47,964.8
32,926.7
48,067.9 5/
33,027.9
48,169.2 5/
33,127.8
48,271.5 5/
33,227.1
48,370.3 5/
56.1
1,701.1
21,508.8
2,061.3
1,593.6
2,034.0
1,526.7
1,964.3
1,495.6
1,963.7
1,518.0
2,063.7
1,557.9
2,110.9
1,605.6
2,008.4
1,527.8
2,100.6
1,553.4
2,144.5
1,662.0
2,236.1
1,678.5
796.7
2,158.7
1,618.6
2,146.9
1,606.3
June
4
339
3,193.4
1,800.8
1,744.7
July
July
2
336
2,984.7
1,802.0
1,726.5
75.5
1,701.5
21,609.3
Aug.
Aug. 27
364
3,061.9
1,804.8
1,682.0
122.8
1,803.4
21,610.7
Sept.
Sept. 24
364
3,046.9
1,802.2
1,715.2
87.0
1,800.5
21,612.4
Oct.
9 &/.......
July 30
294
4,209.3
1,804.4
1,705.4
99.1
-
23,416.9
23..........
Oct. 22
364
4,277.2
1,801.8
1,751.8
50.0
1,802.5
23,416.2
Nov. 19
364
3,437.1
1,800.6
1,768.0
32.7
1,802.0
23,414.8
Dec. 17
364
3,588.2
1,802.5
1,769.5
33.0
1,800.5
23,416.9
1975-Jan. 14
364
3,221.9
1,802.4
1,744.6
57.8
1,804.0
23,415.3
Nov.
Dec.
18..........
1974-Jan.
Feb.
Mar.
12..........
Apr.
May
7..........
June
Footnotes at end of table.
Feb. 11
364
3,103.3
1,802.1
1,756.6
45.5
1,801.1
23,416.3
Mar. 11
364
3,358.8
1,801.1
1,764.5
36.6
1,790.3
23,427.1
Apr.
8
364
3,201.8
1,801.4
1,749.5
51.8
1,801.8
23,426.6
May
6
364
2,984.4
1,802.3
1,728.5
73.8
1,800.4
23,428.5
June
3
364
2,530.7
1,801.8
1,735.9
65.8
1,800.8
23,429.4
July 1974
29
____________PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Treasury Bills—Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Regular weekly:
(13 -week and 26-week)
1
Equivalent average
rate 7/
High
Price £er hundred Equivalent rate 2
/
(Percent)
7.674
7.566
7.918
7.638
8.047
7.882
8.298
97.864
y 95.849
97.814
95.757
W.965
^ 95.913
C 98.014
95.958
8 .3 6 0
8 .2 1 0
97.748
^ 95.553
1 97.716
95.447
' 97.972
95.940
/ 97.928
95.733
h 97.982
! 95.892
8.909
8.796
9.036
9.006
8.023
8.031
8.197
8.440
7.984
8.205
97.796
95.633
97.737
95.477
98.000
95.973
97.962
95.810
98.041
95.888
8.285
8.299
\95.954
8.260
8.324
8.178
8.175
7.841
8.003
97.018
97.940
95.779 27/
97.927 28/
95.805
97.940
95.887
98.064
96.018 ^ /
93.187
7.235
July 31..............
92.167
Aug. 28......;.......
rt
oi
Apr. 4..............
1 1 ...............
18............. .
25..............
23..............
30
June
5 y ...........
6 ................................................
96.99?
( 97.902
\95.740
11
f 97.912
I 95.792
20
f 97.933
I 95.867
27
One-year and 52-week:
1973-June 30..............
f 9 8 .0 1 8
8.2 3 0
8.647
8.393
6.050
8.085
7.855
7.994
'
8 .4 2 6
Price per hundred Equivalent rate
(Percent)
98.060
96.175
* 97.998
96.139
K 97.966
96.015
* 97.902
95.839
i ttA%k
Low
98.091
9 6 .1 9 2
98.003
96.160
98.003
96.085
97.932
95.867
&/
§/
W
13/
12 /
22 /
i4/
12/
97.890
95.869
97.836 1£/
95.785 12/
97.985
95.921
98.043 12/
95.983
12/
20 /
2 ^/
22/
22/
24 /
25/
26/
(Percent)
7.552
7.532
7.900
7.596
7.900
7.744
8.181
8.175
98.048
96.166
97.995
96.123
97.953
95.994
97.882
95.830
7.722
7.584
7.932
7.669
8.098
7.924
8.379
8.2/13
8.257
8.171
8.561
8.337
7.971
8.068
7.742
7.946
97.856
95.845
97.809
95.749
97.959
95.911
97.976
95.887
8.390
8.219
8.953
8.947
7.912
7.965
8.062
8.288
7.750
8,089
97.712
95.475
97.707
95.439
97.955
95.911
97.892
95.681
97.957
95.804
9.051
8,951
9.071
8.226
8.149
8.349
96.981
97.588
95.725
8 .3 2 8
8 .2 0 1
8.719
8 .6 3 8
-
8 .6 6 8
8.409
8.074
8.088
8.007
8 .1 3 6
9 .0 2 2
8.090
8.088
8.339
8.543
8.082
8.254
8.355
8.456
8.288
8.337
8.185
8.185
7.940
8 .1 3 6
97.905
95.785
97.931
95.862
7.659
7.876
97.993
95.904
93.220 ^ /
7.200
93.168
7.255
8.392
92.210 .23/
8.346
92.135
8.427*
8.298
8.149
* 8 .1 0 2
91.519
8.387
91.555 22/
8.352
91.483
8.423
Sept.25..............
91.853
8.057
91.931 22/
7.980
91.782
8.128
Oct. 9 6 / ............
93.710
7.702
93.780 H J
7.616
93.678
23..............
Nov. 20..............
92.789
92.206
7.132
92.799
7 .1 2 2
92.779
7.741
7.142
7.708
92 .2 8 2
7.633
92.157
7.757
Dec. 18..............
93.043
6.880
93.046
6.878
93.013
6.910
92.975
6.948
93.038
6.885
92.905
7.017
1974-Jan. 15..............
93.588
6.342
93.638
6.292
93.536
6.393
25/
Mar. 12..............
93.026
6.897
93.079
6.845
92.973
6.950
Apr. 9..............
92.026
7.887
92.083 .3.6/
7.830
91.963
7.949
May
7..............
91.485
8.422
91.618 27/
8.290
91.418
8 .4 8 8
June 4..............
91.660
8.249
91.729 28/
8.1 8 0
91.577
8.330
Footnotes on following page.
30
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Footnotes to T a b le P D O -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.
2/ For bills issued on and after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
Banks.
if For 13-week, 26-week, and one-year issues, tenders for $200,000 or
less from any one bidder are accepted in full at average prices of
accepted competitive bids; for other issues, the corresponding
amount is stipulated in each offering announcement.
Additional
amounts ($100,065,000) of eight series of outstanding
y
weekly bills issued in strip form for cash an June 5, 1974.
These bills mature at intervals of one week beginning September 19,
1974 and ending November 7, 1974 for each series respectively.
I/. Includes strip bills issued June 5, 1974.
42 -week issues.
Bank discount basis.
v , Except
$10,000 at 98.183 and $840,000 at 98.121.
Except $15,000 at $6,440, $590,000 at 96.208 and $500,000 at 96.198
Except
$30,000
at 98.083 and $50,000 at 98.060.
wt
Except $2,700,000 at 96.180 and $10,000 at 96.175.
12/ Except $60,000 at 98.040.
12/ Except $15,000 at 96.127.
14/ Except $225,000 at 97.960 and $185,000 at 97.939.
12/ Except $250,000 at 95.931.
16/ Except $10,000 at 97.950 and $10,000 at 97.850.
17/ Except $10,000 at 95.845.
18/ Except $100,000 at 98.054.
19/ Except $145,000 at 97.900 and $10,000 at 97.845.
20/ Except $10,000 at 95.887, $10,000 at 95.838 and $1,010,000 at 95.651.
21/ Except $1,100,000 at 97.762, $290,000 at 97.750 and $910,000 at97.748.
22/
Except $10,000 at 95.975, $40,000 at 95.551 and $125,000 at 95.500.
23/ Except $20,000 at 97.978, $10,000 at 97.977 and $225,000 at 97.974.
24/ Except $30,000 at 95.900, $50,000 at 95.829 and $360,000 at 95.814.
25/ Except $5,000,000 at 98.066.
26/ Except $10,000 at 95.933, $1,820,000 at 95.932, $300,000 at 95.903,
$300,000 at 95.897 and $20,000 at 95.895.
27/ Except $200,000 at 95.787.
28/ Except $1,000,000 at 97.982, $45,000 at 97.952 and $150,000 at97.950.
29/ Except $675,000 at 96.030.
30/ Except $300,000 at 93.286 and $470,000 at 93.234.
31/ Except $10,000 at 93.145, $3,150,000 at 92.254, and $260,000 at
92.219.
^2/ Except $1,200,000 at 91.573.
22/ Except $30,000 at 92.000 and $3,000,000 at 91.951.
2k/ Except $200,000 at 94.331, $10,000 at 94.010, $210,000 at 93.916 and
$35,000 at 93.785.
35/ Except $1,000,000 at 92.315 and $1,0-00,000 at 92.295.
2k/ Except $200,000 at 92.098 and $100,000 at 92.093.
Jlj Except $20,000 at 92.000.
28/ Except $35,000 at 91.911 and $1,115,000 at 91.979.
r Revised.
PUBLIC DEBT OPERATIONS,
able PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/
(Dollar amounts in millions)
>tion of issue
Number of
days to
maturity
Maturity
date
1970-0ct.
Dec.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
1
31
91
182
$2,357
2.659
$1,807
1.303
6.422
6.602
Oct.
1971-Jan.
8
7
91
182
2,381
2,170
1,801
1,311
6.643
6.657
102
1970-0ct.
1971-Jan.
1970-0ct.
1971-Jan.
1970-0ct.
1971-Jan.
1970-Nov.
1971-Feb.
1970-Nov.
1971-Feb.
15
14
22
21
91
182
91
182
91
182
1.803
1,305
1,802
1.300
1,801
91
182
91
182
2,632
1,811
1,300
1,801
1.303
6.547
6.644
6.385
6.442
6.347
6.429
6.414
6.495
6.511
6.681
100
29
28
5
4
12
11
2,916
2,873
3,014
2,458
2,662
2,465
1970-Nov.
1971-Feb.
1970-Nov.
1971-Feb.
1970-Dec.
1971-Mar.
1970-Dec.
1971-Mar.
1970-Dec.
1971-Mar.
1970-Dec.
1971-Mar.
1970-Dec.
1971-Apr.
Jan.
Apr.
19
18
27
25
3
4
10
11
17
18
91
182
92
182
91
182
91
182
91
182
2,946
2,515
2.660
2,588
2,380
2,075
2,758
2,976
24
25
31
1
7
8
91
182
91
182
91
182
2,714
2,607
2,992
2,525
2,453
2,486
2,449
2,562
1.803
1,298
1,791
1.403
1,802
1,400
1.805
1,405
1,801
1,402
1.805
1,395
1,801
1,401
1,802
1,402
6.526
6.587
6.197
6.338
6.342
6.507
6.366
6.555
6.314
6.494
5.955
6.241
5.809
6.373
6.024
6.412
Jan.
Apr.
14
15
91
182
2,780
3,444
1,802
1.404
6.029
6.224
103
Jan.
Apr.
21
22
91
182
3,156
2,100
1,801
1.401
5.943
6.129
98
Jan.
Apr.
28
29
91
182
2,615
2,909
1,800
1.401
5.830
6.117
99
Feb.
May
4
6
91
182
3,230
2,448
1,830
1,402
5.655
5.772
120
Feb.
May
Feb.
May
11
13
18
20
91
182
91
181
2,877
2.940
2.940
3,272
1.803
1,401
1,801
1.403
5.461
5.653
5.283
5,405
101
Feb.
May
25
27
90
181
2,839
2,470
1,901
1,400
4.759
4.855
209
Mar.
June
4
3
91
182
3,527
2,320
1.903
1.399
5.083
4*979
194
Mar.
Juiie
Mar.
June
11
10
18
17
91
182
91
182
2,841
2,069
2,883
2,343
1,901
1,401
1,901
1.400
4.883
4.874
4.776
4.785
Mar.
June
25
24
91
182
2,928
2,364
1,910
1.404
4.726
4.765
206
Apr.
July
1
1
91
182
2,646
2,010
1.904
1,402
4.830
4.836
202
June
Sept.
24
23
91
182
2,959
2,648
1.900
1,602
3.330
3.482
197
July
Sept.
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
July
Oct.
2,056
2,499
2,476
1.301
95
100
107
100
114
91
99
105
97
97
94
99
98
194
197
Treas
PUBLIC DEBT OPERATIONS,
3-3. - New Money Financing through Regular Weekly Treasury Bills 1/ —Contin
(Dollar amounts in millions)
of issue
Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
Average
of bids
accepte<
(Perceni
15
14
91
182
$3,m
2,618
$2,001
1,600
4.038
4.141
Sept.
Dec.
23
23
91
182
3,044
2,670
2,203
1,603
4.954
5.133
101
Sept.
Dec.
30
30
91
182
2,917
2,303
2,200
1,601
5.078
5.278
96
Oct.
1972-Jan.
7
6
91
182
3,335
3,286
2,303
1,592
5.467
5.614
91
1971-Oct.
1972-Jan.
14
13
91
182
4,095
3,226
2,302
1,601
5.377
5.483
93
1971-Oct.
1972-Jan.
21
20
91
182
4,091
2,982
2,302
1,601
5.546
5.724
99
1971-Oct.
1972-Jan.
28
27
91
182
4,421
3,609
2,313
1,601
5.556
5.833
110
1971-Nov.
1972-Feb.
4
3
91
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
1971-Nov.
1972-Feb.
18
17
91
182
3,269
2,877
2,302
1,600
4.923
5.203
298
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
182
3,123
2,452
2,300
1,601
4.836
5.085
199
1971-Dec.
1972-Mar.
23
23
91
182
3,352
2,399
2,300
1,600
4.742
4.993
96
1971-Dec.
1972-Mar.
30
30
91
182
3,950
3,046
2,301
1,600
4.675
4.973
101
Jan.
Apr.
20
20
91
182
3,515
3,275
2,301
1,601
4.493
.4.634
198
Jan.
Apr.
27
27
91
182
4,155
2,983
2,302
1,601
4.444
4.530
188
Feb.
May
3
4
91
182
3,954
3,027
2,302
1,602
4.233
4.345
203
Feb.
May
10
11
91
182
3,725
2,799
2,300
1,601
4.174
4.341
201
Feb.
May
17
18
91
182
4,035
3,304
2,301
1,602
4.124
4.255
199
Feb.
May
24
25
90
181
3,436
3,193
2,301
1,600
4.235
4.412
200
Mar.
June
2
1
91
182
3,583
2,842
2,302
1,601
4.324
4.431
207
Mar.
June
9
8
91
182
3,623
2,905
2,301
1,601
4.090
-4.207
199
Mar.
June
16
15
91
182
3,378
2,700
2,301
1,600
13.944
4.144
200
May
Aug.
18
17
91
182
3,816
3,104
2,405
1,801
3.065
3.537
305
May
Aug.
25
24
91
182
3,906
3,788
2,401
1,803
3.143
3.513
303
1971-July
Oct.
.PUBLIC DEBT OPERATIONS.
►DO-3. - New Money Financing through Regular Weekly Treasury Bills ^ —Contin
(Dollar amounts in millions)
iscription of issue
Number of
days to
maturity
Maturity
date
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
1
31
91
182
$3,609
3,481
$2,401
1,796
3.447
3.762
June
Sept.
8
7
91
182
4,129
3,609
2,401
1,800
3.552
3.796
298
June
Sept.
15
14
91
182
3,462
3,016
2,401
1,801
3.846
4.196
301
June
Sept.
22
21
91
182
3,816
3,477
2,401
1,801
3.919
4.322
292
Aug.
Nov.
31
30
91
182
3,670
2,975
2,302
1,801
3,761
4.107
■103
Sept.
Dec.
7
7
91
182
3,662
3,351
2,301
1,800
3.863
4.243
•105
Sept.
Dec.
14
14
91
182
3,627
3,205
2,301
1,802
3.796
4.187
•104
Sept.
Dec.
21
21
91
182
3,594
3,322
2,301
1,802
3.926
4.328
•104
Oct.
1973-Jan.
12
11
91
182
3,524
3,040
2,301
1,801
4.103
4.605
201
1972-Oct.
1973-Jan.
19
18
91
182
3,845
3,050
2,301
1,800
3.949
4.455
199
1972-Oct.
1973-Jan.
26
25
91
182
3,723
3,707
2,301
1,800
4.046
4.585
198
1972-Nov.
2
r
91
182
3,618
3,160
2,301
1,800
3.796
4.298
200
1973-Feb.
1972-Dec.
1973-Mar.
9
8
7
8
91
182
91
182
3,742
3,071
3,658
3,683
2,299
1,801
2,423
1,801
3.928
4.431
4.567
4.937
Feb.
May
1
3
91
182
4,036
3,864
2,401
1,901
4.766
5.141
200
Feb.
May
8
10
91
182
3,886
3,876
2,401
1,901
4.670
4.958
203
Feb.
May
15
17
91
182
3,926
3,907
2,402
1,901
4.774
5.070
202
Feb.
May
22
24
90
181
3,671
3,807
2,401
1,900
4.775
5.050
199
Mar.
May
1
31
91
182
4,261
3,510
2,400
1,902
4.885
5.179
199
200
1972-June
Aug.
V
Amount
of bids
tendered
{1973-Feb.
1972-Nov.
199
122
Mar.
June
Mar.
June
Mar.
June
15
14
22
21
29
28
91
182
91
182
91
182
4,470
3,252
3,701
3,624
3,702
3,546
2,402
1,902
2,405
1,906
2,404
1,903
5.100
5.309
5.089
5.298
5.111
5.312
Apr.
July
Apr.
July
Apr.
July
Apr.
July
5
5
12
12
91
182
91
182
91
182
2,402
1,901
2,403
1,902
2,401
1,902
5.164
5.397
204
5.154
5.413
5.277
5.541
5.634
5.759
6.180
6.457
201
91
182
3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
3,789
3,552
91
183
91
182
3,454
3,263
3,452
3,564
2,501
1,701
2,502
1,702
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
19
19
26
26
16
15
23
23
30
29
91
182
2 ,4 0 0
1,901
2,501
1,693
208
208
223
200
-111
6.453
6.747
-99
6.693
6.864
-100
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/ -C ontin ued
(Dollar amounts in millions)
Description of issue
1973-June
14......
21......
28......
July
5......
12......
19......
26......
Aug.
Nov.
1974-May
2......
15......
f 1973-Se$tv
Dec.
*
Sept.
Dec.
*
Sept.
Dec.
Oct.
1974-Jan.
r 1973-Oct.
1974-Jan.
* 1973-Oct.
1974-Jan.
K 1973-Oct.
1974-Jan.
* 1973-Nov.
1974-Jan.
Feb.
May
kt
13
13
20
20
27
27
4
3
11
10
18
17
25
24
1
31
14
16
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
Amount
of bids
tendered
$3,580
3,214
4,165
3,774
4,022
3,776
Amount
of bids
accepted
$2,502
1,701
2,501
1,701
Air(TA vraue
i^4>a
Average
of bids
accepted 2/
(Percent)
4,274
3,430
3,887
3,561
3,796
3,386
4,047
4,341
2,503
1,701
2,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
2,503
1,801
7.127
7,172
7.265
7,255
7.229
7.299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.635
8.381
3,349
3,545
3,975
3,215
1
Aug.
Nov.
15
14
91
182
3,670
3,227
2,601
1,902
8.023
8.031
1^
Jf
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
30.......
I’
Ii
Aug.
Nov.
29
29
91
183
3,723
3,474
2,604
1,903
7.984
8.205
6.......
j
i
f
5
5
12
12
19
19
26
26
91
182
13.....
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
3,578
3,383
3,693
3,792
5,054
4,261
3,925
3,017
2,602
1,904
2,603
1,903
2,601
1,901
2,600
1,901
8.299
8.426
8.260
8.324
8.178
8.175
7.841
8.003
16......
23......
June
Number of
days to
maturity
Maturity
date
Issue
date
20.......
27.......
f
1
1
t
f
(
91
182
91
182
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).
New money
increase, or
decrease (-)
$-99
-104
<
-101
4
* -101
i -100
-103
i _qA
<
, -100
A
110
J
\
1
<
200
J
202
}
206
J>
*
\
J1
|
205
i
202
i
202
'
198
J
April 6, 1971 ($2,206 million) and June 5, 1974 ($801 million).
2/ Equivalent average rate on bank discount basis.
35
July 1974
PUBLIC DEBT OPERATIONS.
Table PDO-4. • Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts in millions)
7/23/70
8/5/70
8/5/70
8/25/70
9/24/70
2 /'
10/15/70
10/29/70
10/27/70
11/5/70
11/24/70
7/8/70
7/23/70
4/30/70
7/31/70
* 8/15/70
8/15/70
8/17/70
5/31/70
8/31/70
6/30/70
9/30/70
10A/70
10/21/70
r 11 a 5/70
111A5/70
J 7/31/70
\ 10/31/70
11A6/70
f 8/31/70
1 11/30/70
11/25/70
Description of securities 1/
6.452#
6.504#
6.467#
6.380#
7-3/4#
7-3/4#
7-1/2#
6.510#
6.396#
6.237#
6.216#
1-1/2#
5.970#
7-1/4#
7-1/2#
6.153#
6.072#
6-3/4#
5.184#
5.010#
4.695#
Bill
Bill
Bill
Bill
Note
Note
Note
Bill
Bill
Bill
Bill
Note
Bill
Note
Note
Bill
Bill
Note
Bill
Bill
Bill
3/22/71
4/22/71
4/30/71
7/31/71
- 2/15/74-C
- 8/15/77-B
- 2A5/72-C
5/31/71
8/31/71
6/30/71
9/30/71
- 10/1/75-E0
6/22/71
-
12/23/70
r 9/30/70
12/31/70
4.949#
1/27/71
2/15/7L
2A 5/71
1/26/71
/ 10/31A o
5-7/8#
6-1/4#
4.269#
4.249#
3.281#
Bill
Bill
Note
Note
Bill
Bill
Bill
Bill
Bill
Bill
-
Bill
Bill
Bill
-
2/18/71
( 1/31/71
\
4.886#
2/23/71
f 11/30/70
1 2/28/71
3/24/71
7/23/70
3.691#
3.675#
3.671#
3/25/71
/ 12/31/70
^ 3/31/71
3.507#
3.587#
3.811#
3/31/71
2/
4/27/71
5/5/71
4AM
f 1/31/71
4/30/71
' 5A 5/71
1-1/2#
r 5A5/71
5-3/4#
4.099#
5/19/71
5/26/71
/
t
2/28/71
5/31/71
6/22/71
6/29/71
6/24/71
f 3/31/71
^ 6/30/71
6/30/71
7/6/71
7/28/71
8/15/71
8/15/71
K 4/30/71
7/31/71
7/27/71
4*403#
4.422#
5#
4.688#
4.790#
6#
5.425#
5.567#
5.033#
7#
7#
5.944#
5.953#
8/5/71
8A6/71
6-1/2#
8/24/71
f 5/31/71
^ 8/31/71
8/31/71
9/8/71
9/22/71
f 6/30/71
^ 9/30/71
5.090#
5.125#
6-1/4#
5.242#
5.279#
10/1/71
1-1/2#
10/22/71
5-7/8#
4.496#
4.490#
2/
10/15/71
10/26/71
11/3/71
f 7/31/71
I 10/31/71
f 11/15/71
111A 5/71
Footnotes at end of table.
6#
6-1/8#
Note
Bill
Bill
Note
Note
Bill
Bill
Bill
Note
Bill
Bill
Bill
Note
Bond
Bill
Bill
Note
Bill
Bill
Note
Bill
Bill
Note
Note
Bill
Bill
Note
Bond
-
rerioa xo final
uiavu&jlujr
(years, months,
days)
- Tax ant. j>/
- Tax ant. 5 /
- Reopening
£/
6/
- Reopening
257d
273d
273d
365d
3y
7y
6m
iy
6m
273d
365d
273d
365d
- Reopening
5y
- Tax ant. 5/
V» v*
7/2/70
7/16/70
Issue
date
1 1
Date subscrip
tion books
closed or
tenders re
ceived
Reopening 6/
7/31/71 - Reopening
10/31/71
5/15/72-D
8/31/71 Reopening
11/30/71
"Strip" of 7 14/
series
9/30/71 - Reopening
12/31/71
8/15/75-C
2A5/78-A
10/31/71 - Reopening
1/31/72
"Strip” of 6 2§/
series
11/30/71 - Reopening
2/29/72
4/22/71 - Reopening
Tax ant. 1/
12/31/71 - Reopening
244d
3y
5y
6m
9m
8A5/81
-
4/30/72 - Reopening
7/31/72
2/15/73-C
5/31/72 - Reopening
3,139
2,264
30
_
-
3,190
501
1,204
501
1,202
_
2,515
4,505
2,511
-
501
1,201
2,037
501
1,200
2,105
5,254
1,323
1,854
3,560
-
273d
365d
1,404
2,952
-
501
1,201
:
7,679
8,389
-
4y
7*r
6m
6m
-
In exchange
U
-
3,139'|
2,2641\af
190 2 0 /
30
_
4,505"!
2,511 Jf1 2 /
J
-
7,679\
8,389J
J
-
1,204
-
m d
366d
1,442
2,194
5,095
-
501
-
276d
366d
iy 3m
3y 6m
(Average) 54.5d
273d
366d
iy
4|m
275d
366d
77d
4y 3m
lOy
5y
-
27
_
27
-
500
-
3,452
3,231
-
1,200
1,608
3,452^
3,231/ w
J
-
500
1,201
-
-
2,285
500
1,200
_
_
1,752
195
-
501
1,202
60.2# 2 2 /
-
2,514
-
274d
366d
1,544
-
500
1,200
-
3,407
1,370
2,220
-
1,283
-
-
500
1,201
-
-
2,262
-
273d
366d
4,615
1,524
2,385
11
-
1,192
11
-
500
1,200
;
8,207\
24
100
J
2,045
8,207
24 2 1 /
20/
_
3,115\
612
100
-
272d
366d
3y 3-3/4m
7y
I5y
500
1,200
-
2,152
3,886
-
2,206
-
2,223
1,682
2,347
4,028
1,302
2,001
195 Z U
1,583
2,300
4,136
274d
366d
7/31/72 - Reopening
10/31/72
1,449
1,201
3,115
iy 6m
- 10A/76-E0
- 2/15/75-E
-
3,093
100
1,199
1,491
2,177
5,080
_
22/
-
4,065
5y
100
-
-
(Average) 128d
22/
-
500
275d
100
-
1,285
1,810
23d
Allot
ment
ratio
-
272d
365d
(Average)107.5d
5y 2£m
v
y
5,593
-
-
2,516
2,261
500
1,202
2?4d
365d
(Average) 57d
iy
8/31/72
-
18,819 £/
1,221
2,036
1,170
1,721
-
-
-
- 11/15/76-D
6/30/72 - Reopening
9/30/72
- 11/15/78-B
- 11/15/86
4,741
4,755
1,597
2,489
-
Exchange
For
cash
1,222
2,006
366d
"Strip” of 11 22/
series
- 4/1/76-EA
1/31/72 - Reopening
4/30/72
- 8A5/72-E
- 11A5/74-A - Reopening £/
- "Strip" of 8 12/
series
2/29/72 - Reopening
5/31/72
- 11/15/72-F
3/31/72 - Reopening
6/30/72
9/21/71 - Tax ant. 5/
- 11A5/75-D
V
Cash
Amount issued 3/
271d
365d
3/31/72
-
Amount of sub
scriptions tendered
1,192/ 2 &
22/
2k /
25/
100
36
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury B ills—Continued
_________________________ (Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
11/9/71
11/15/71
11/23/71
f 8/31/71
t 11/30/71
Description of securities 1/
f 12/1/7L
4.273#
3.846#
Note
Bill
Bill
Bill
Bill
Bill
12/22/71
VL2/13/71
4.056#
Bill
12/28/71
~ 9/30/71
12/31/71
3.930#
3.927#
1/25/72
10/31/71
1/31/72
2/2/72
' 2/15/72
2/15/72
3.891#
3.936#
5-3/4#
6-3/8#
3.862#
4.091#
3.405#
Bill
Bill
Bill
Bill
Note
Bond
Bill
Bill
Bill
11/24/71
12/8/71
2/22/72
12/1/71
12/13/71
*11/30/71
2/29/72
3/1/72
3/24/72
3/28/72
V
4/25/72
5/2/72
5/23/72
6/23/72
7/25/72
fl2/3l/71
^ 3/31/72
4/3/72
4/1/72
" 1/31/72
4/30/72
5/15/72
2/15/72
2/29/72
5/31/72
3/31/72
6/30/72
4.512)6
4.661%
5-7/8*
4/30/72
7/31/72
4.731%
4.918%
5-7/8%
6-1/4%
6-3/8%
5.040%
5.178%
5.346%
5.529%
1-1/2%
6%
5.223%
5.318%
6-1/4%
4.721%
5.225%
5.089%
5-7/8%
5.337%
6-3/4%
5.986%
6-1/2%
6-5/8%
6.050%
6.615%
1-1/2%
6.598%
6-7/8%
7%
6.818%
t
f8/15/72
I 8/15/72
U/15/72
8/24/72
r5/3l/72
8/31/72
9/26/72
6/30/72
9/30/72
2/
'10/1/72
10/11/72
10/19/72
10/24/72
^7/31/72
^0/31/72
11/1/72
11/15/72
11/17/72
11/24/72
11/22/72
11/30/72
11/29/72
12/5/72
12/20/72
12/28/72
12/26/72
12/31/72
1/4/73
1/10/73
1/26/73
1/31/73
2/7/73
2/15/73
2/7/73
2/15/73
2/22/73
2/28/73
3/27/73
3/31/73
4/1/73
4/24/73
4/30/73
5/1/73
5/15/73
5/2/73
5/15/73
5/24/73
5/31/73
6/26/73
6/30/73
7/24/73
7/31/73
7/31/73
8/15/73
8/1/73
8/15/73
8/8/73
8/15/73
8/22/73
8/28/73
8/24/73
9/4/73
9/19/73
9/25/73
2/
10/1/73
10/3/73
10/9/73
Footnotes at end of table.
8/2/72
4-7/8*
4.580#
4.563#
4.558#
1-1/ 2%
4.234%
4.362%
4-3/4%
6-3/8%
4.367%
4.465%
4.754%
4.853%
1:53
7-3/4#
7-1/2#
9.802#
8.387#
8-3/8#
8.057#
1-2/2#
7.702#
Bill
Bill
Note
Note
Bill
Bill
Note
Bond
Bill
Bill
Bill
Bill
Bill
Bill
Note
Note
Bond
Bill
Bill
Bill
Bill
Note
Note
Bill
Bill
Note
Bill
Bill
Bill
Note
Bill
Bond
Bill
Note
Note
Bill
Bill
Note
Bill
Note
Bond
Bill
Bill
Bill
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
2/15/73-D
8/31/72
11/30/72
4/21/72
6/21/72
4/21/72
ly
3m
275d
366d
142d
191d
114d
- Reopening
- Tax ant. 5/
- Tax ant. 1/
- Reopening
Tax ant. 5/
6/21/72 - Reopening
Tax ant. 5/
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
12/31/72 - Reopening
3/31/73
5A 5/75-F
4/1/77-EA
1/31/73
4/30/73
5A5/73-E
2/15/82
2/28/73
5/31/73
3/31/73
6/30/73
Period to final
maturity
(years, months,
days) 2/
4y
lQy
- Reopening
Cash
4,041
1,528
2,099
4,778
Exchange
1,500 22/
Amount issued 2/
For
cash
2,768
500
1,201
2,506
1,526
175d
2,737
1,016
274d
366d
274d
366d
1,488
2,290
1,506
2,204
3m
66^1
1,500 22/
Allot
ment
ratio
22/
501
1,200
500
1,200
2,802
2,131
100
66
500
1,526
1,915
6,430
1,200
275d
365d
l-l/2m
1,534
2,320
3,845
1,201
275d
365d
1,468
2,455
3,377
1,306
1,615
2,150
1,282
1,961
3y
In exchange
4/
2,010
4,383
3,589
275d
365d
(Average) 73d
3,065
501
1,776
21/
5y
- Reopening
- Reopening
- Reopening
Amount of sub
scriptions tendered
ly
9y
273d
365d
'274d
365d
273d
4/30/73 - Reopening
365d
7/31/73
2/15/76 -F 6/
3y 6m
8/15/79-A
7y
8/15/84 6/
I2y
273d
5/31/73 - Reopening
362d
8/28/73
271d
6/30/73 - Reopening
360d
9/25/73
10/1/77-E0
5y
9/30/74-E
3y ll-l/2m
273d
7/31/73 - Reopening
357d
10/23/73
11/15/76-D Reopening
4y
147d
4/20/73 Tax ant. 5/
355d
11/20/73
199d
6/22/73 - Tax ant. 5 /
12/31/74-F
2y
352d
12/18/73
20y lm
2/15/93
349d
3/15/74
8/15/76-G
3y 6m
ll/15/79-B
6y 9m
349d
2/12/74
346d
3/12/74
4/3/78-EA
5y
344d
4/9/74
5/15/80-A
7y
5/15/93-98
25y
341d
5/7/74
339d
6/4/74
336d
7/2/74
8/15/77-B - Reopening
4y~
20y
8/15/88-93
35d
9/19/73 - Tax ant. 1/
354d
8/27/74
9/30/75-G
2y lm
364d
9/24/74
10/1/78-E0
5y
294d
7/30/74
500
1,200
2,514
4,945
4,559
2,312
4,209
24/
25/
3,883
595
100
17
2,060
501
1,802
3,041
2,012
1,802
2,509
2,102
1,800
627
1.804
1,009
1,801
1,790
15
3,353
3,214
1,240
3,937
3,195
2,985
2,167
500
3,896
3,062
4,371p
3,047
22/
41
501
1.804
500
1,801
17
4,855
1,811
3,333
7,162
6,367
3,801
5,079
5,690
3,177
1,749
3,072
1,664
3,255
3,011
2,514 22/
500
1,201
1,526
2,850
41 21/
1,889
4,914
1,547
4,145
1,279
505
501
1,200
501
1,201
26/
27/
38/
22/
3,883 40/
595 41/
100
42/
15
1,802
5,221
40
2,043
652
1,800
1,801
1*802
2,028
500
2,017
1.805
2,043p
1,802
1,804
5,223l 42/
425
£6/
44/
45/
42/
48/
42/
37
July 1974
PUBLIC DEBT OPERATIONS
T a ble P D O -4. - O ffe rin g s o f Public M arketable S ecu rities Other than
Regular W ee k ly Treasury B ills —Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
10/17/73
10/25/73
10/ 23/73
u / 1/73
10/30/73
11/15/73
10/31/73
f 11/15/73
^11/15/73
11/9/73
11/14/73
11/28/73
12A2/73
1/9/74
2/5/74
2/6/74
2/6/74
11/20/73
/■ 11/1/73
1 11/30/73
12/18/73
1A5/74
2/15/74
2A2/74
2/7/74
2/15/74
2/28/74
2/26/74
3/4/74
3/6/74
3/26/74
3A2/74
3/29/74
Description of securities l/
Bill
Bill
Note
_
7%
7-J#
8.670#
7.708#
7.830#
Note
Bond
Bill
Bill
Bill
_
7.790#
6.880#
6.948#
7#
6.342#
6-7/8#
7-1/2#
7.450#
Bill
Bill
Bill
Note
Bill
Note
Bond
Bill
-
6.897#
8.306#
Bill
Bill
-
7.132#
6.765%
7%
4/3/74
5/2/74
5/7/74
5/7/74
5/15/74
5/8/74
5/15/74
5/29/74
5/30/74
6/4/74
6/5/74
8# Note
i - i # Note
7 .886 # Bill
8 .421 # Bill
8 -3/4 # ]ote
[ 8 - 3/ 4% Note
\8-l/2)6 Bond
8.248# Bill
8.284 # Bill
6/20/74
7/2/74
8.256# Bill
3/28/74
2/
4/9/74
4A /74
4/9/74
Footnotes on following page.
-
-
-
10/22/74
4/19/74 - tax ant. 5/
11/15/79-C
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Exchange
Cash
days) 2/
364d
169d
6y
2y
1-Jm
12/31/75-H
8/15/88-Q3 - Reopening
19y
9m
(Average) 43d
"Strip" of 11 Series 54/
364d
11/19/74
4/19/74 ~ Reopening
Tax ant. 5 /
6/21/74 - Tax ant. V
12/17/74
l/U/75
2/15/81 - A
7ir
2/11/75
5/15/77 - C
3y 3m
19y 6m
8/15/88-93 - Reopening
4/19/74 - Reopening
Tax ant. 5/
3/H/75
6/2l/74-Reopening
Tax ant. 5 /
3/31/76-H
2y
4/1/79-EA
5y
4/8/75
5/6/75
8/I5/78 -C
4y 3m
6/30/76-1
2y
l-|m
5/15/94-99
25y
6/3/75
"Strip" of 8 Series 64/
7/1/75
140d
203d
364d
364d
364d
4,277
4,716
2,9l8p
220
2,859p
l,503p
2,153
3,437
220
136
2,508
3,023
3,588
3,222
3,012
3,101
3,121p
1,144P
-
-
-
_
327
307
250
Amount issued J/
For
cash
1,802
2,007
2,024p
l,510p
302p
1,100
1,801
1,002
2,000
1,803
1,802
1,516
1,802
2,258p
300p
In exchange
u
220 50 /
51/
220 \50 /
52/
52/
136/
-
-
_
32^
“ >55/
307 f
250j
46d
364d
3,773
3,359
-
_
1,515
1,801
_
84d
5,042
2,047
_
_
2,523.
1,532
_
_
(Average)131d
3,202
2,984
3,580p
3,286p
904p
2,531
2,458
364d
2,654p
364d
-
l,802p
656
279
_
58/
52/
1
1,801
1,802
l,880p
2,048p
309p
1,802
801
583
i6/
52/
-
1
364d
364d
Allot
ment
ratio
I
583^
656160/
279}
s
-
61/
62/
62/
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Footnotes to T a b le P D O -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 PDO-2.
2/ From date of additional issue In case of a reopening.
2/ In reopenings the amount issued is in addition to the aibaupt of
original offering.
4 / For securities exchanged for the new issues see Table PDO-7.
jSj Tax anticipation bill, aceepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6 / Price at which issued appears in Table PDO-5.
7/ Exchange offering available to owners of nonmarketable 2-3/4# Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
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.
9/ Includes $151 million of the 2/15/74-C notes and $479 million of the.
8/15/77-B notes allotted to Federal Reserve banks and Government
accounts.
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 ,0 0 0 .
12/ Includes $842 million of the 7-1/-4# notes and $811 million of the
7-1/2# notes allotted to Federal Reserve banks and Government accounts.
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#).
14/ 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,
1972.
'
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/ Includes $1,457 million of the % notes and $1 ,0 4 6 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 .0 0 (yield 6 .00 #).
21/ Cash subscriptions were aceepted only from individuals in amounts of
$1 0,0 0 0 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#).
24/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 101.44 (yield 5.92#) down to 101.00 (yield 6.02#)
with the average at 1 0 1 .1 4 (yield 5.98#).
25/ 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#).
26/ Includes $2,925 million of the notes and $673 million of the bonds
allotted to Federal Reserve banks and Government accounts.
27/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1971.
28/ 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#).
29/ Includes $421 million of the notes and $554 million of the bonds
alloted to Federal Reserve banks and Government accounts.
30/ 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.
31/ 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#).
22 / Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1972.
22/ 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 #).
34/ 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#).
35/ 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.
36/ 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#).
37/ 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#).
38/ 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#
39/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 99.50 (yield 6.79#).
40/ Includes $1,392 million allotted to Federal Reserve banks and
Government Accounts.
41/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1973.
42 / 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#).
43/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1973.
LL/ 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#).
45/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 98.75 (yield 7.11#).
46/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing August 15, 1973.
42/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.31 (yield 7.95#) down to 99.01 (yield
8. 04#) with the average at 99.07 (yield 6.03#).
48/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 95.05 (yield 8.00#).
42/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.05 (yield 7.80#) down to 100.70
(yield 7.99#) with the average at 100.80 (yield 7.94#).
50/ Issued to Federal Reserve banks and Government accounts in exchange
for bonds maturing November 15, 1973.
51/ Sold at auction through competitive and noncompetitive bidding
Prices accepted ranged from 101.21 (yield 6.75#) down to 100.63
(yield 6.87#) with the average at 100.88 (yield 6.82#).
5ZI Sold at auction through competitive and noncompetitive bidding
Prices accepted ranged from 100.49 (yield 6.73#) down to 100.09
(yield 6.94#) with the average at 100.14 (yield 6.91#).
12/ Sold at auction through -competitive and noncompetitive bidding.
All accepted tenders were awarded at xhe price of 101.60 (yield 7.35#).
54/ Sale of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from November 23 . 1973. through
January 31, 1974.
^
5,5/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing February 15, 1974.
56/ Sold at auction through competitive and noncompetitive bidding
Prices accepted ranged from 100.68 (yield 6.88#) down to 100.00
(yield 6.98#) with the average at 100.10 (yield 6.95#).
57/ Sold at auction through competitive and noncompetitive bidding
Prices accepted ranged from 100.92 (yield 6.56#) down to 100.35*
(yield 6.75#) with the average at 100.51, (yield 6.70#).
— / Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at toe price of 100.45 (yield 7.46#).
12/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.11 (yield 7.94#) down to 99.76
(yield 8.13#) with the average at 99.85 (yield 8.08#).
6 0/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing May 15, 1974.
6 1/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 8.56#) down to 99.96
(yield 8.76#) with the average at 100.07 (yield 8.73#).
62/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.57 (yield 8.43#) down to 99.87
(yield 8.79#) with the average at 100.00 (yield 8.73#).
63/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 102.85 (8.23#).
64/ Sold of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from September 19 through
November 7, 1974.
p Preliminary.
* Less than $500,000.
39
July 1974
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date- of
financing
1974
8/15/68
5-5/8#
Note
8/15/74-B
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#
1975
Note
12/31/74-F
12/28/72
5-3/4#
Note
2/15/75-A
2/15/68
5-7/8#
5-7/8#
Note
Note
2/15/75-E
5/15/75-F
10/22/71
4/3/72
8-3/8#
Note
9/30/75-G
unt issued
millions)
!5,414
4,442
428
10,284
2,060
517
1,860
1,371
3,231
2,102
{
Average price
per hundred
Effective
interest
rate
$99.62
99.62
99.62
5.71#
5.71
5.71
2/
4-1/4*
> 3 /4*
100.25
99.00
99.60
99.60
5.86
3.97
5.81
5.81
2/
2-1/2%
5-1/4*
8*
100.09
5.83
2/
Eligible securities exchanged
Note _
Bond -
8/15/68-C
8/15/68
Bond No$e _
Note -
11/15/61
5/15/71-A
5/15/71-E
Note
Bond _
Note _
Bond -
8/15/68-C
8/15/68
ll/15/68-D
11/15/68
Note _
Bond -
8/15/71-F
8/15/71
507
1,107
929
433
2,977
2,045
1,776
99.40
99.15
99.85
99.8’5
5.73
5.73
5.73
5.72
4-1/4*
3-3/4*
5-1/4*
3-7/8*
100.89
100.26
5.58
5.78
2/
2/
9/4/73
2,042
100.80
1,407
1,708
3,115
99.80
99.80
7.94
7.06
7.06
2/
S-1/4 *
4*
220
1,511
1,731
100.14
100.14
6.91
6.91
4-1/8*
2/
Bond _
7#
Note
11/15/75-D
8/15/71
7#
Note
12/31/75-H
11/15/73
Note
2/15/76-A
2/15/69
3,037
702
99.75
99.75
6.29
6.29
5-5/8*
4*
Note _
Bond -
2/15/69-A
2/15/69
3,739
1,714
699
1,097
630
805
4,945
99.75
99.75
99.75
99.75
99.75
5.97
5.97
5.97
5.97
5.97
5*
4*
2-1/2*
6*
2-1/2*
Note
Bond
Bond
Note
Bond
_
_
_
_
-
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
99.85
99.50
99.50
99.50
8.08
2/
7.61
7.61
7.61
1-1/2*
4*
2-1/2*
Note _
Bond _
Bond -
10/1/69-E0
10/1/69
12/15/64-69
100.50
99.40
99.40
7.48
6.60.
6.60
5*
6-1/2*
4-7/8*
Note Note _
Note -
11/15/70-A
2/15/73-C
2/15 /73 -c
101.14
100.18
5.98
6.20
2/
2/
100.51
100.51
6.70
6.70
7-3/4*
2/
Note
2/15/74-C
197b
6-1/4#
5-7/8#
Note
2/15/76-F
8/15/72
8#
Note
3/31/76-H
4/9/74
10/1/69
7-1/2#
Note
8/15/76-C
1/15/70
6-1/2#
Note
6-1/4#
Note
11A5/76-D
1977
6-7/8#
Note
5/15/77-C
7-3/4#
Note
8/15/76-G
2/15/73
9/8/71
11/15/72
{
2/15/74
C
l,532p
2‘
1,109
571
1,683
2,511
1,424
2,459
3,883
1,283
3,041
307p
2,258p
2.565t>
11/15/73 ‘
8/15/70
752
1,512
2,264
99.75
99.75
7.80
7.80
6-3/8*
4*
Note
Bond -
8/15/70-D
8/15/70
8/15/73
234
394
2,026
2,654
99.07
99.07
99.07
7.92
7.92
7.92
8-1/8*
4*
2/
Note _
Bond -
8/15/73-B
8/15/73
5/15/74
343p
240p
1.848p
A431P
100.07
100.07
100.07
8.73
8.73
8.73
7-1/4*
4-1/4*
2/
Note
Bond
5/15/74-D
5/15/74
633
3,109
1,446
602
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 -
8/15/77-B
1978
8-3/4#
6#
Note
Note
8A5/78-C
H / 15 /78-B
11/15/71
841
509
1,067
8,207
Footnotes at end of table
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
40
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
1979
6-5/8#
7%
Date of
financing
Note
ll/15/79-B
2/15/73
Note
11/15/79-C
11/15/73
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
$595
1,009
1,604
220
2,021
2.241
$99.40
99.40
6.73%
6.73
4-7/8%
2/
Note
2/15/73-D
100.88
100.88
6.82
6.82
4-1/8%
2/
Bond
11/15/73
884
99.00
99.50
99.50
4.07'
4.04
4.04
2/
Series F& g savings
2/
2,636
2,585
2,043
7,265
99.29
99.29
99.29
7.00
7.00
7.00
7-3/4%
4-3/4%
2/
Note
Note
5/15/73-A
25p
302p
.l,515p
l,842p
100.28
100.28
100.28
6.95
6.95
6.95
7-3/4%
4-V8%
2/
Note
Bond
2/15/74-C
2/15/74
99.20
99.20
99.20
7.11
7.11
7.11
8-1/4%
4%
2/
Note
Bond
t
1980
4%
2/15/80 1/
Bond
/ 1/23/59
\ 12/15/62
34
34
Note
5/15/80-A
7%
Note
2/15/81-A
7%
Bond
8/15/81
8/15/71
Bond
2/15/82 1/
5A5/72
100.60
6.34
2/
8/15/72
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5%
4%
2-1/2%
6%
2-1/2%
5-3/4%
3-7/8%
5-3/4%
5-7/8%
2/
1,135
100.50
3.22
2/
98
487
187
58
36
268
58
24
1,216
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8%
7-3 /4 %
4-3/4%
6 -3/4%
101.00
101.00
101.00
4.19
4.19
4.19
99.85
95.05
95.05
95.05
4.01
6-7/8%
5/15/73
5A5/73-E
1981
1982
6-3/8%
1984
6-3/8%
2/15/74
Bond
-
8/15/84
{
202
411
195
807
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
8/15/71-F
8/15/71
-
8/L5/72-E
8/15/72
9/15/67-72
11/L5/72-F
12/15/67-72
11/15/74-A
11A5/74
2/15/75-A
2/15/75-£
2,353
1985
3-1/4%
Bond
6/3/58
5/15/85
1986
6-1/8%
Bond
11/15/86
11/15/71
I
5%
3- 7/ 8%
4%
Note
Note
Note
Note
Note
Bond
Bond
11/15/71-B
ll/15/71-G
_5/l5/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
Note
Note
8/15/62-B
8/15/62-G
Note
Bond
8/l5/73-B
8 A 5/73
a/
1987
4-1/4%
1988
4%
7-1/2%
Bond
Bond
Bond
8/15/87-92 1/
8/15/62
1A7/63
2/15/88-93
8/15/88-93
(
8/15/73
{
5
360
365
252
93
333
500
925
8.00
8.00
8.00
4%
3- 1/ 4%
a/
a/
8 -1/8 %
4%
2/
41
July 1974
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
Date of
financing
13/15/73
7-1/2%
Bond
Bond
1222 ,
6-3/4%
7%
C
8/15/88-93
2/15/74
1989
4-1/8%
Amount issued
(In millions)
{
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
i100.14
100.14
7.78%
7.78
4-1/8%
2/
Bond
11/15/73
10p
240p
301p
551p
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4%
4-1/8%
2/
Note
Bond
2/15/74-C
2/15/74
$ 136
302
438
5/15/89-94
4/18/63
300
100.55
4.09
1/
Bond
2/15/93
1/10/73
Bond
5/15/93-98
5/15/73
627
40
652
692
99.50
98.75
98.73
6.79
7.11
7.11
Z/
7-3/4%
2/
1/ Additional issue.
Z/ Issued for cash.
f
Less than $500,000.
Preliminary.
Note
-
5/15/72-A
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
T able P D O -6. - A llo tm en ts by Investor C lasses on Su bscription s for Public M arketable S ecurities
Part A. - Other than Treasury B ills 1/
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description 0 f securities
8/15/70 f 1-3/1& Note
I 7-3/4# Note
8/17/70 7-1/2# Note
11/L5/70 / 7-1/4# Note
t 7-1/2# Note
11/16/70 6-3/4# Note
2/15/71 f 5-7/8# Note
\ 6-1/4# Note
Note
5/15/71 1 5#
^5-3/4# Note
Note
6/29/71 6#
Note
8/15/71 f 7#
\l%
Bond
8/16/71 6-1/2# Note
9/8/71 6-1/4# Note
10/22/71 5-7/8# Note
f4-7/8# Note
11/15/71 f 6#
Note
k6-1/8# Bond
-
2/15/72 r 5-3/4# Note
6-3/8# Bond
4/3/72 5-7/8# Note
5/15/72 f 4-3/4# Note
\ 6-3/8# Bond
f5-7/8# Note
8/15/72 { 6-1/4# Note
v6-3/8# Bond
Note
10/19/72 6#
11/15/72 6 -I/4 # Note
12/28/72 5-7/8# Note
l/LO/73 6-3/4# Bond
2/15/73 f 6-1/2# Note
\ 6-5/8# Note
5/15/73 J 6-7/8# Note
I 7#
Bond
8/15/73 / 7-3/4# Note
\ 7-1/2# Bond
9/4/73 8-3/8# Note
(1%
Note
Note
11/15/73 ( 7#
n 7-1/2# Bond
f 6-7/8# Note
Note
2/15/74 <7#
V7-1/2# Bond
Note
4/9/74 8#
-
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C
5/15/72-D
8/15/75-C
2/15/78-A
8/15/72-E
11/15/74-A
ll/l5/72-F
11/15/75-D
8/15/81
2/15/73-C
11/15/76-D
2/15/75-E
11/15/73-D
11/15/78-B
ll/l5/86
5/15/76-E
2/15/82
5/15/75-F
5/15/73-E
2/15/82
2/15/76-F
8/15/79-A
8/15/84
9/30/74-E
11/15/76-D
12/31/74-F
2/15/93
8/15/76-G
11/15/79-B
5/15/80-A
5/15/93-98
8/15/77-B
8/15/88-93
9/30/75-G
12/31/75-H
11/15/79-C
8/15/88-93
5/L5/77-C
2/15/81-A
8/15/88-93
3/31/76-H
f 8-3/4# Note - 6/30/76-1
5/15/74 ( 8-3/4# Note - 8/15/78-C
V 8-1/2# Bond - 5/15/94-99
8/
8/
For
cash
3,190
2,037
_
_
2,285
_
195
2,514
1,283
2,045
2,768
24
_
66
1,776
8/
8/
8/
1,279
505
_
41
2,060
3,0a
2,102
627
1,009
2,043
652
2,026
500
2 ,0 4 2
8/
8/
1,511
2,021
302
2,258
1,515
301
l,532p
2,047p
l,879p
309p
In
exchange
for
other
securi
ties
3,139
2,264
190
4,505
2,511
7,679
8,389
3,452
3,231
3,115
613
1,500
8,207
1,192
2,802
2,131
2,514
4,945
4,559
2,312
-
U.S. Gov
ernment
accounts Commer
cial
and
banks
Federal
Reserve 3/
Banks 2/
150
479
190
838
811
2,319
2,722
1,457
1,046
595
5,221
40
628
425
220
220
136
307
327
250
592
351
1,500
2,915
673
420
554
2,514
1,028
1,437
1,180
105
1,392
595
5,275
140
630
665
61
220
220
58
307
327
250
656
583
279
35
656
583
279
3,883
1,929
967
1,664
2,481
1,033
1,593
3,586
3,122
1,351
1,257
2,071
1,542
112
^2,036
1,046
1,833
1,566
3,197
296
1,446
777
1,605
1,231
353
2,557
1,606
512
1,990
2,230
2,062
291
1,878
556
1,320
102
1,438
83
1,097
1,003
1,366
150
1,519
1,094
173
1,016
1,224
1,315
106
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 nonmarketable 2-3/4# Treasury bonds, investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2 / Includes trust companies and stock savings banks.
£/ Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
Indi
vidu
als
U
Insur
ance
compa
nies
166
74
656
292
94
119
235
431
138
246
19
130
210
57
15
9
15
240
31
85
221
15
6
15
38
29
13
44
24
2
77
116
22
36
2
84
68
89
28
1
2
*
166
82
9
24
6
40
71
23
111
14
183
34
188
59
8
2
2
1
1
47
6
23
79
1
*
*
29
16
*
3
1
8
27
1
38
22
43
37
10
4
34
90
13
26
3
35
9
5
1
1
4
33
1
26
29
4
*
*
33
44
7
1
3
3
6
5
*
2
*
41
25
18
46
21
11
7
10
2
8
2
1
4
6
_
*
1
7
-
154
263
270
10
19
10
8
10
10
1
68
State and local
governments 6/
Dealers
Pension
and
and re
Other brokers
tire
funds
ment
funds
2
335
167
6
47
513
110
269
3
343
4
193
22
2
392
*
198
4
8
260
714
496
123
631
177
3
93
263
93
4
*
2
68
405
3
94
76
2
6
*
52
272
*
21
125
1
46
14
_
992
53
1,150
235
9
2
185
3
558
1
85
26
46
296
1
1
70
*
2
10
*
1
125
2
703
79
6
100
275
7
405
33
*
*
15
*
2
440
1
*
1
214
*
68
273
*
21
296
26
400
1
8
11
346
1
16
309
6
56
1
*
’
7
644
Private
Mutual
Corpo pension
sav
rations and re
ings
tirement
banks 1 /
funds
8
62
35
78
61
40
11
91
98
30
38
8
37
8
36
5
35
52
51
4
36
27
24
4
1
202
43
23
3
31
1
42
59
1
49
39
41
28
9
73
136
4
38
22
4
23
9
13
3
6
20
18
13
7
3
22
133
13
26
2
9
2
2
1
1
1
19
2
5
21
1
*
*
3
24
31
*
2
*
2
17
*
6
1
1
2
7
8
6
2
1
*
*
*
*
59
1
*
*
20
15
*
312
447
110
14
*
*
473
370
103
165
288
96
51
8
2
11
14
14
10
3
16
21
5
5
1
All
other
2/
248
72
325
205
77
104
334
424
135
196
111
209
24
52
67
104
84
311
13
117
121
54
26
10
186
769
45
41
202
29
2
104
112
71
30
23
23
22
47
16
34
151
6
9
100
201
125
6/ Consists of trust, sinking, and investment funds of State and loeal
governments and their agencies.
7/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
* Less than $500,000.
,p Preliminary.
56 ,
July 1974
43
______________________________ PUBLIC DEBT OPERATIONS_____________________________
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series
(In millions of dollars)
Total amount issued
Date of
maturity
Date of
finaneing
Average
rate
One-year
series
9-month
series
1/
Tax antic
ipation
series
(Percent)
7/8/70
7/23/70
7/31/70
8/31/70
9/30/70
10/21/70
10/31/70
11/30/70
12/31/70
1/31/71
2/28/71
3/30/71
3/31/71
4/30/71
5/31/71
3/22/71
4/22/71
r 4/30/71
7/31/71
5/31/71
i 8/31/71
6/30/71
9/30/71
6.452
6.504
6.467
6.380
6.510
6.396
6.237
6.216
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
* 11/30/71
2/29/72
4/22/71
12/31/71
3/31/72
1/31/72
4/30/72
” 2/29/72
5/31/72
L,
5.970
6.153
6.072
5.084
5.010
4.949
4.886
6/30/71
7/6/71
7/31/71
8/31/71
9/31/71
10/31/71
11/30/71
12/1/71
12/13/71
12/29/71
12/31/71
1/31/72
2/29/72
3/31/72
4/30/72
5/31/72
6/30/72
7/31/72
8/31/72
9/30/72
10/31/72
f
\
/
1
/
1
/
1
/
1
9/21/71
4/30/72
7/31/72
5/31/72
8/31/72
6/30/72
9/30/72
7/31/72
10/31/72
8/31/72
11/30/72
4/21/72
6/21/72
f 4/21/72
6/21/72
9/30/72
12/31/72
“ 10/31/72
^ 1/31/73
11/30/72
^ 2/28/73
12/31/72
L 3/31/73
/ 1/31/73
I 4/30/73
2/28/73
5/31/73
3/31/73
6/30/73
4/30/73
7/31/73
5/31/73
8/28/73
6/30/73
^ 9/25/73
7/31/73
^ 10/23/73
4.269
4.249
3.691
3.675
3.671
3.507
3.587
4.403
4.422
4.688
4.790
5.425
5.567
5.033
5.944
5.953
5.090
5.125
5.242
5.279
4.496
4.490
4.580
4.563
4.558
4.273
3.846
4.056
3.930
3.927
3.891
3.936
3.862
4.091
4.512
4.661
4.234
4.362
4.367
4.466
4.754
4.853
4.723
4.918
5.040
5.178
5.346
5.529
5.223
5.318
2,517
2,261
500
1,202
501
1,204
501
1,202
2,515
501
1,201
501
1,201
501
1,201
500
1,199
501
1,201
2,001 5/
500
1,200
500
1,200
. 500
1,201
la.200
500
1,752
501
1,202
500
1,200
500
1,201
500
1,200
500
1,201
2,506
2,010
1,526 2/
1,016 J/
501
1,200
500
1,200
500
1,200
501
1,201
500
1,200
501
1,200
501
1,201
500
1,201
501
1,803
500
1,801
1,802
501
Allotments by investor classes
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
_
170
447
156
414
100
383
-
162
409
125
317
150
373
200
377
205
427
200
498
252
562
200
484
Commer
cial
banks
2,483
2,256
49
59
160
216
224
250
2,510
167
304
160
339
211
211
133
246
137
310
798
127
209
65
233
15
250
Corpo
rations
y
Dealers
and
brokers
20
17
11
15
5
22
252
41
159
454
153
446
-
-
1
17
10
38
11
12
11
26
10
21
11
6
34
*
7
8
11
152
358
188
419
119
560
119
393
123
385
1,180
162
414
10
360
226
435
124
229
125
473
175
540
250
407
175
425
195
.324
1,748
215
319
56
360
136
217
5
21
6
15
5
21
20
46
94
219
184
374
148
464
150
517
200
345
147
200
192
392
2,090
2,004
1,520
1,012
128
198
68
334
103
345
112
297
151
271
50
342
149
412
107
199
76
953
109
594
186
504
1
2
11
21
182
442
80
411
-
400
_
_
150
468
150
558
125
424
150
543
150
695
175
553
150
496
75
627
73
194
140
654
125
578
-
-
-
-
_
-
10
11
*
12
5
10
15
16
109
482
216
244
123
384
135
232
-
83
210
185
270
126
241
173
337
165
608
135
408
160
632
*
*
10
6
11
10
12
*
1
*
5
*
2
All
other 4/
33
5
9
638
15
105
19
101
5
19
113
18
88
10
45
37
157
26
58
12
5
45
173
38
51
21
51
153
4
11
109
5
38
21
49
20
39
17
32
16
6
6
4
104
41
66
52
144
37
89
113
116
24
91
25
70
41
135
26
187
47
116
140
30
86
Treasury Bulletin
44
.PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series'-Continued
(In millions of dollars)
Total amount issued
Date of
financing
Date of
maturity
11/24/72
11/30/72
12/5/72
12/31/72
" 4/20/73
Average
rate
One-year
series
9-month
series
2/
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
8/15/73
8/28/73
9/25/73
10/9/73
10/23/73
11/20/73
13/1/73
11/20/73
11/30/73
12/18/73
1/15/74
2/12/74
3/4/74
3A2/74
3/29/74
4/9/74
5/7/74
6/4/74
13/20/73
6/22/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
9/19/73
8/27/74
9/24/74
7/30/74
10/22/74
11/19/74
4/19/74
11/19/74
f 4/19/74
6/21/74
12/17/74
1/14/75
2A1/75
4/19A4
3A1/75
6/21/74
4/8/75
5/6/75
6/3/75
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
7.708
6.765
7.708
7.830
7.790
6*880
6.948
6.342
7.452
6.897
8.306
7.887
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
2,012
1,802
609
_
2,510
1,800
1,804
1,801
1,790
1,802
1,800
1,801
1,802
2,017
1,805
1,802
1,804^/
1,802
1,801
2,007
1,801
1,002 5 /
2,000
1,803
1,802
1,802
1,516 2/
1,801
2,523 5/
8 .4 2 2
8.249
Source: Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
l/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
3 / Exclusive of banks and insurance companies.
1,801
1,802
1,802
%
728
747
745
760
715
500
625
727
421
639
615
600
600
808
728
871
757
669
567
642
Commer
cial
banks
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458
338
1,698
415
467
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392r
539
399
Corpo
rations
1/
75
Dealers
and
brokers
All
other y
73
499
8
455
1
177
222
138
207
420
412
297
235
73
337
272
21
371
555
8
517
114
196
372
288
223
2
215r
3
315r
346
306
4
2
585
313 *
382
4
3
17
1
6
5
2
474
135
255
544
276
5
5
40
1
*
10
1
*
26
11
11
6
11
584
548
45
400
179
20
179
185
170
430
173
259
10
200
20
414
344
444
_
_
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.
42-week issue.
Less than $500,OCX).
r Revised.
July 1974
45
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollar amounts in millions)
Called or maturing securities l/
Date of
refunding
or retire
ment
7/31/70
Description
Disposition offers
by Treasury
Issue
date
Amount
out
standing
Cash
retire
ment
1,202^ 2/
500 J
9/23/70
9/30/70
10/1/70
10/31/70
11/15/70
ll/30/7b
Ex
changed
Turned
in for
cash 2/
7.313% Bill
7.244% 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
1,272
7521,8
1,512
Total,„
7.340%
7.777%
6.177%
7.350%
7.801%
1-1/2%
7.127%
7.724%
5%
5,404
1,055 j/
-
8/31/70
8/31/70
9/23/70
9/30/70
9/30/70
10/1/70-E0
10/31/70
10/31/70
ll/15/70-A
8/31/69
8/31/69
3/26/70
9/30/69
9/30/69
10/1/65
10/33/69
10/31/69
2/15/66
6,458
1,201
501
1,758
1,005
500
6,458
Bill
Bill
Bill
Bill
Bill
Note
Bill
Bill
Note
7,675
7,016
660
7.591% Bill _
6.995% Bill -
11/30/70
11/30/70
8/15/70
8/31/70
Exchange
security
offered
Results of ex
change offers
-
_
-
_
1'i
201\
501
J
1,758
1,005 )
500 j
306
749
Description of neir
securities offered
(See also Table PDO-4)
'7-3/4%
7-3/4 %
*7-3/4%
7-3/4%
"3,139
2,264
Note
C-1974
Note
B-1977
Note
C-1974
Note
B-1977
of Note C-1974
of Note B-1977
3/
2/
ij
3,
**
113
1.003
502
7,675
113
1,003} 3 /
502 J *
11/30/69
11/30/69
1,001
500
1,0011 ,
1,002S ,
500 J *
4,505 of 7-1/4% Note D-1974
2,511 of 7-1/2% Note C-1976
500 1 *
12/31/70
7.561% Bill
6.101% Bill -
12/31 70
12/31/70
12/31/69
12/31/69
1,002
500
1/31/71
7.533% Bill _
6.843% Bill -
1/31/71
1/31/71
1/31/70
1/31/70
1.003
500
r5-3/8% Note -
2/15/71-Ct
8/30/67
2,509
2,509
353
7-3/4% Note -
2/15/71-D
8/15/69
2,924
2,924
575
500
2-1/2% Bond -
3/15/71
12/1/44
1,219
1,219
5-3/8% Note -
11/15/71-B
11/15/66
1,734
1,734
7-3/4% Note -
II/15/7 I-G
5/15/70
3-7/8% Bond -
11/15/71
4-3/4% Note -
10,743
10,743
5/15/62
2,760
2,760
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
Bond -
2/15/72
11/15/62
2,344
2,344
2,427
2,480
r 5-7/8%
^6-1/4%
*5-7/8%
^6-1/4%
*5-7/8%
^6-1/4%
“ 5-7/8%
^6-1/4%
*5-7/8%
6-1/4%
V
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
-
C-1975
A-1978
-
_
-
_
-
-
_
2/15/71
4%
Total..
29,614
29,614
2/28/71
6.932% Bill
7.353% 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% Bill _
7.068% 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% Bill
3.671% Bill -
4/22/71
4/22/71
7/23/70
3/30/71
2,261
2,001
2,261
2,001
»k/
6 .814 %
4/30/71
4/30/71
4/30/70
4/30/70
1,200
500
1,200
500
>1/
4/30/71
Bill
6.467% Bill -
Footnotes at end of table.
1/
■2/
r 5- 7/ 8% Note
6 -1/4%
1
1
‘ 5- 7/ 8%
6-1/4%
’ 5- 7/ 8%
6 -1/4 %
► ,
634
730
k.
16,067
Note
Note
Note
Note
Note
5-7/8% Note
w6 -1/4 % Note
928
_
-
_
-
_
-
f 7,679 of 5-7/8% Note
\ 8,389 of 6-1/4% Note
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
46
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury B ills—Continued
(Dollar amounts in millions)
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
[5-1/4#
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Ex
changed
-
5/15/71-A
8/L5/66
4,265
4,265
f 1,780^1
\ 1,860 j
626
'5#
^5-3/4#
Note
Note
-
E-1972
E-1974
Note
-
5/15/71-E
10/1/69
4,176
4,176
f 1,672^
^1,371 j
1,133
f5#
1 5-3/4#
Note
Note
-
E-1972
A-1974
8,442
8,442
6,682
1,759
I3,452 of 5# Note
I3,231 of 5-3/4# Note
2,806
1,708
687
2,257
2,257
411,
1,407
202
649
5,063
5,063
3,727
1,336
509
268
304
Total.
5/31/71
5/31/71
5/31/70
5/31/70
1,200
501
6/22/71
10/21/70
2,515
Bill
Bill
6/30/71
6/30/71
6/30/70
6/30/70
1,201
501
^6.380#
^6.153#
Bill
Bill
7/31/71
7/31/71
7/31/70
7/31/70
1,202
501
|4#
Bond
8/15/71
3/1/62
2,806
5/31/71
7.277#
I6.510#
Bill
Bill
6/22/71
5.970#
Bill
6/30/71
f7.079#
^6.237#
7/31/71
-
1,200 3/
•*5m
1,202
501
8/15/71
Note
-
8/15/71-F
2/15/70
Total.
8/31/71
f6.396#
^5.048#
Bill
Bill
8/31/71
8/31/71
8/31/70
8/31/70
1,204
501
1,204^
501 >1/
-
-
9/21/71
5.033#
Bill
-
9/21/71
7/6/71
1,752
-
f6.215#
^4.949#
Bill
Bill
.
9/30/71
-
9/30/71
9/30/71
9/30/70
9/30/70
1,202
501
10/1/71
1-1/2#
Note
-
10/1/71-E0
10/1/66
72
1,752 . V
<
1,202
5011>1/
J
72
Bill
Bill
_
10/31/71
f6.072#
^4.369#
-
10/31/71
10/31/71
10/31/70
10/31/70
1,201
500
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
237
7-3/4#
Note
-
II/15/7 I-G
5/15/70
5,836
-
5,836
2 ,2 4 0
J4-3/4#
Note
-
5/15/72-B
5/15/67
5,310
-
5,310
11/15/71
6-3/4#
4#
5#
Note
Bond
Note
12/31/71
1/31/72
2/15/72
5.010#
3.691#
(
4.886#
I3.507#
j4.249#
^4.403#
r4-3/4#
Bill
Bill
Bill
Bill
Bill
Bill
Note
2,037
-
8/15/72
9/15/62
2,579
2,579
5/15/71
-
Note
4#
Bond
7-3/4#
4-1/8#
7-1/4#
4-1/4#
Note 7/Bond 7/_
Note 7/Bond 7/_
Footnotes at end of table.
-
11/30/71
11/30/71
12/31/71
12/31/71
1/31/72
1/31/72
2/15/72-A
11/30/70
11/30/70
12/31/70
12/31/70
1/31/71
1/31/71
2/15/67
3,452
3,452
21,262
21,262
1,201
501
1,201
500
1,199
500
800
3,115 of 7# Note
612 of 7# Bond
6/
r6#
6-1/8#
'6#
6-1/8#
"6%
6-1/8#
Note
Bond
Note
Bond
Note
Bond
r6#
6^ 1/8 #
k6#
6-1/8#
V
fe%
Note
Bond
Note
Bond
Note
Bond
_
-
_
_
-
_
_
-
_
Note
6-1/8# Bond
8,207 of 6# Note
J.,192 of 6-1/8# Bond
u
9,399
2,781
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
1,20T
501 3/
1,201*
500 ,1/
1,199^
500 i/
800
231
f 5-3/4#
Note
Bond
E-1976
2/15/82
f 5-3/4#
Note
Bond
Note
Bond
E-1976
2/15/82
E-1976
2/15/82
2/15 /72-C
8/17/70
2,690
-
2,690
724
2/15/72
11/15/62
980
-
980
310
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
18,816
D-1975
8/15/81
D-1975
8/15/81
_
2,037
7-1/2*
Total..,
k
11/16/70
8/15/72-E
Note
Bond
Note
Bond
-
1,2011
500j
5/15/72-D
-
7#
7#
‘7#
7#
-
-
Total.,,
11/30/71
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
Note
5/15/71
\8-l/4#
Results of ex
change offers
_
-
3,139
3,125
4,505
3,577
-
18,816
-
4,933
1,264
16-3/8#
6-3/8#
"5-3/4#
6-3/8#
2,802 of 5-3/4# Note
2,131 of 6-3/8# Bond
47
July 1974
PUBLIC DEBT OPERATIONS
T*ble PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Disposition offers
Called or maturing securities l/
by Treasury
Amount
Issue
Cash
Exchange
out
Description
date
standing
retire
security
ment
offered
Date of
refunding
or retire
ment
2/29/72
3.675# Bill
4.688# Bill
_
3/31/72
3.587# Bill
5.425# Bill
_
4/1/72
2/29/72
2/29/72
2/28/71
2/28/71
1,201
500
1,201]
500j
-
3/31/72
3/31/72
3/31/71
3/31/71
1,200
500
1,200")
500j
1-1/2# Note
-
4/1/72-EA
4/1/67
34
4/21/72
4.558# Bill
3.846# Bill
_
4/21/72
4/21/72
12/1/71
12/1/71
2,506
1,526
2,506^1
l,526j
4/30/72
4.422# Bill
5.944# Bill
_
4/30/72
4/30/72
4/30/71
4/30/71
1,201
501
l,20l1
501j
5/15/72
4-3/4# Note
6-3/4# Note
5/15/72-B
5/15/72-D
5/15/67
11/16/70
3,676
1,377
1,2941
1,245j
5/31/72
( 5.090# Bill
-
5/31/72
5/31/72
5/31/71
5/31/71
1,201
500
1,201^
500j
6/15/72
2-1/2# Bond
-
6/15/72
6/1/45
1,226
1,226
6/21/72
4.273# Bill
4.056# Bill
_
6/21/72
6/21/72
12/13/71
12/13/71
2,010
1,016
2,010l
l,0l6j
6/30/72
5.567# Bill
5.242# Bill
_
6/30/72
6/30/72
6/30/71
6/30/71
1,200
500
1,200^
500j
7/31/72
5.953# Bill
4 .496 # Bill
_
7/31/72
7/31/72
7/31/71
7/31/71
1,202
500
1,202^
500
8/15/72-E
5/15/71
2,574
4.790# Bill
(
5#
4#
-
_
-
_
-
k
k
34
k
|y
k
k
k
k
Note
Note
Bond
|5-7/8*
(6-1/4*
\6-3/8*
Note
Note
Bond
_
_
-
-
1,453
1,453
2-1/2# Bond
9/15/72
10/20/41
1,951
1,951
/5-7/8*
<6-1/4*
\6-3/8*
Note
Note
Bond
(5-7/8*
- 11/15/72-F
6/29/71
2,285
2,285
<6-1/4*
J6-3/8*
Note
Note
Bond
-
2,547
|5-7/8*
<6-1/4*
\6-3/8*
Note
Note
Bond
-
Note
Bond
-
Note
2-1/2# Bond
12/15/72
11/15/45
2,547
379
_
-
_
-
_
-
_
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
A-1979
8/L5/84
5-3/4# Note Ij -
ll/15/74-A
11/15/67
7,212
7,212
/6-1/4*
\6-3/8*
3-7/8# Bond 7/ -
11A5/74
12/2/57
2,236
2,236
/6-1/4*
\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
/6-1/4*
\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
/6-1/4*
\6-3/8*
Note
Bond
27,451
27,451
1,200*\
8/31/72
8/31/72
8/31/71
8/31/71
9/15/72
2-1/2# Bond
9/15/72
10/20/71
9/30/72
5.279# Bill
3.930# Bill
9/30/72
9/30/72
9/30/71
9/30/71
1-1/2# Note
- 10/1/72-E0
10/1/67
33
4.490# Bill
3.891# Bill
10/31/72
10/31/72
10/31/71
10/31/71
1,200
500
200" ,
1,200^
500 I
6#
Note
4.563# Bill
3.862# Bill
11/15/72-F
6/29/71
1,326
1,326 5/
11/30/71
11/30/71
1,201
501
1,20112/
11/30/72
-
/5-7/8J6
<6-1/4*
J6-3/8*
9/15/62
J 5.125# Bill
^4.580# Bill
11/15/72
232
2,574
8/31/72
10/31/72
2,382
132
8/15/72
Total.
10/1/72
Ex
changed
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
Bond
6#
8/15/72
Note
-
Results of ex
change offers
(
f
Footnotes at end of table.
11/30/72
11/30/72
1,200
500
454p
1,201
501
500J
454P
1,201
501J
33
501/
11,816
612
A,
_
_
-
5-7/8# Note
945
<4,559 of 6-1/4* Note
\2,312. of 6-3/8* Bond
A-1979
8/15/84
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills - (Continued)
_____________________ (Dollar amounts in millions)
Disposition offers
Called or maturing securities 1/
by Treasury
Amount
Exchange
Cash
Issue
out
Description
security
retire
date
standing
offered
ment
1,351
l,351p
32A5/72
11/15/45
2-1/2% Bond
Date ef
refunding
or retire
ment
12/15/72
3.927% Bill
4.512% Bill
12/31/72
12/31/72
12/31/71
12/31/71
1/31/73
3.936% Bill
4.234% Bill
1/31/73
1/31/73
1/31/72
1/31/72
*6-1/2% Note
4-7/8% Note
4.091$ Bill
4.367% Bill
‘4.661% Bill
4.754% Bill
1-1/2% Note
4.721% Bill
4.362% Bill
4.731% Bill
7-3/4% Note
4-3/4% Note
4.465% Bill
5.040% Bill
2/15/73
2/15/73
8/16/71
11/15/71
2/29/72
2/29/72
2/28/73
3/31/73
4/1/73
4/20/73
4/30/73
5/15/73
5/31/73
2/28/73
2/28/73
3/31/73
3/31/73
4A/73-EA
4/20/73
4/30/73
4/30/73
5A5/73-A
5A5/73-E
5/31/73
5/31/73
3/31/72
3/31/72
4/1/68
11/24/72
4/30/72
4/30/72
1,200
501
1,200
500
2,514
4,268
1,200
501
1,201
2,012
1,200
500
10/1/69
5/15/72
5/31/72
5/31/72
5,844
3,792
12/5/72
2,510
6/30/73
6/22/73
6/30/73
6/30/73
6/30/72
6/30/72
1,201
7/31/73
/4.918% Bill
^5.223% Bill
7/31/73
7/31/73
7/31/72
7/31/72
1,201
8/15/73
r - / %% Note
Bond
8A5/73-B
8/15/73
2A 5/70
9/15/63
1,839
3,894
8/28/73
5.178% Bill
8/28/73
8/31/72
1.803
9/19/73
9.803% Bill
9/19/73
8/15/73
2,017
1,801
5.529% Bill
9/25/73
10/3/73
10/23/73
11/15/73
1-1/2% Note
5.318% Bill
4-1/8% Bond
5.225% Bill
5.337% Bill
10/1/73-E0
10/23/73
11/15/73
13/20/73
12/18/73
10/1/68
10/31/72
7/22/64
11/30/72
12/31/72
30
1,802
4,336
1,802
1,800
i A 5/74
5.986% Bill
1/15/74
1/33/73
1.804
2/ 12/74
6.050% Bill
/*7-3/4% Note
V 4-1/8% Bond
2/12/74
2A5/74-C
2/15/74
2/28/73
8/15/70
1/15/65
1,801
2,960
2,466
1,790
34
1,802
2,007
3/12/74
4A/74-EA
4/9/74
4A 9/74
4A 9/74
4A 9/74
5/7/74
3/31/73
4A /69
4/30/73
llA /7 3
llA /7 3
11/1/73
5/7/74
Bill
Note
Bill
Bill
Bill
Bill
6.818% Bill
5/15/74
f 7-1/4% Note
14-1/4% Bond
5/15/74-D
U/I 5/7O
5/15/74
5/15/64
4A 9/74
6.616%
1-1/2%
6.598%
6.765%
7.830%
0 7.452%
5/31/73
2,012
1,200
500
2,663 12 /
2,598 1J/
501
9/25/73
3 A 2/74
4A /74
4/ 3/74
1,201]
500
9/30/72
2/15/74
325
728 15 /
576 16 /
342 12/
542 18/
1,002
1,516
1,800
4,334
2,847
3,335
2,328
6/4/74
7.235% Bill
6/4/74
6/30/73
1,801
1,801
6/21/74
f 7.790% Bill
i 8.306% Bill
6/21/74
6/21/74
11/30/73
11/30/73
2,000
2,00&
2,523)lj
7/2/74
8.392% Bill
7/2/74
7/31/73
Footnotes on following page.
2,514
4,268
500
5.089% Bill
12/18/
-
1,200*1
5011
1,200
/ 4.853% Bill
^5.346% Bill
8 3 8
4
Turned
in for
cash 2/
1,200
501
1,200
500
501
34
6/22/73
1
Exchanged
"N
12/31/72
2/15/73
Results of ex
change offers
2,523
1,802
1,802
999 12 '
519 20 (
1,425
2,458
1,089
1,810 11/
Description of new
securities offered
(See also Table PDO-4)
49
July 1974
.PUBLIC DEBT OPERATIONS.
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).
y Tax anticipation issue: for detail of offerings beginning July 1970,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Notes11 below.
5/ 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.
7/ 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 as an interest
adjustment) must be recognized in the year of the exchange.
8/ The four securities due in 1974 were eligible to be exchanged only for
the 6-3/8# bonds.
9/ Public holders of these securities were not given preemptive rights to
exchange them but they could be used in payment for new securities
allotted.
10/ Exchanged by Federal Reserve banks and Government accounts for 4-3/4#
notes issued May 15, 1972.
11/ 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.
12/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 6-7/8# notes of Series A-1980 and $40 million of 7# bonds
of 1993-98 issued May 15, 1973.
13/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8#
notes of Series A-1980 issued May 15, 1973.
14/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4# notes of Series B-1977 and $92 million of 7-1/2#
bonds of 1988-93 issued August 15, 1973.
15/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4# notes of Series B-1977 and $233 million of 7-1/2#
bonds of 1988-93 issued August 15, 1973.
16/ Exchanged by Federal Reserve banks and Government accounts for $220
million of 7# notes of Series C-1979. $220 million of 7# notes of
Series H-1975 and $136 million of 7-J# bonds of 1988-93 issued
November 15, 1973.
17/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8# notes of Series C-1977, $25 million of 7# notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2#
bonds of 1988-93 issued February 28, 1974.
18/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7# notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2# bonds of 1988-93 issued February 28, 1974.
19/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4# notes of Series 1-1976 and $343 million of 8-3/4#
notes of Series C-1978 issued May 15, 1974.
20/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4# notes of Series C-1978 and $279 million of 8-1/2#
bonds of 1994-99 issued May 15, 1974.
p
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
9/23/70
3/22/71
Bill
Bill
4/22/71
Bill
1,758
2,517
2,261 "I
2,001J
6/22/71
9/21/71
Bill
Bill
4/21/72
Bill
6/21/72
Bill
4/20/73
6/22/73
9/19/73
4A9/74
6/21/74
Bill
Bin
Bill
Bill
Bill
Redeemed
for
taxes
Redeemed
for
cash
750
457
1,008
2,060
957
3,3J5
2,515
1,752
1,158
1,357
899
4,033
3,026
1,023
1,934
853
3,010
1,092
2,012
2,510
2,017
4,525
4,522
912
1,687
494
817
836
1,100
823
1,523
3,708
3,686
50
Treasury Bulletin
PTTWT.Tf! D E B T O P E R A T IO N S
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
Securities
Certificates of indebtedness
1972-July.........
Issue
date
Maturity
date
Interest
rate
(Percent)
f 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
lb/12
7/3/72
7/6/72
7/6/72
7/7/72
< 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
7/19/72
7/20/72
w7/28/72
7/3/72
7/3/72
7/3/72
7/7/72
7/7/72
7/10/72
7/20/72
7/28/72
8/11/12
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
"6/17/71
6/24/71
7/20/72
7/20/72
7/7/72
5.85
5.85
6.05
5.80
5.90
5.875
5.75
7/7/71
7/14/71
7/7/72
Notes
7/14/72
7/19/72
j
\ 7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
w7/20/72
f 5/4/72
5/10/72
5/12/12
5/12/72
5/16/72
5/17/72
5/17/72
5/17/72
5/11/12
5/18/72
5/18/72
Certificates of indebtedness
Aug..........
Notes
-
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
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
Amount
Issued
Retired
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
-
417
► 20,039
-
_
100
100
200
200
-
200
-
200
500
-
5.90
5.90
5.95
6.00
6.05
6.10
5.00
500
500
500
500
500
500
200
-
3.60
3.50
3.50
3.50
3.70
3.70
3.70
_
3.70
3.70
3.70
3.70
3;B5
5/24/72
5/25/72
8/18/72
8/18/72
8/24/72
8/25/72
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
w 8/30/72
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
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
7/22/71
< 7/29/71
8/24/72
8/24/72
8/24/72
11/29/73
5.94
6.15
5.05
Total outstanding
end of month
-
-
-
.
-
55
105
70
50
20
10
258
350
100
35
600
35
-
30
100
-
41
-
55
105
70
50
8
20
15
20
18
2
10
275
100
35
600
35
30
100
-
\ 19,728
-
100
_
200
100
J
July 1974
51
___________________ PUBLIC DEBT OPERATIONS_________________
T a b le P D O -8. - Foreign Series S ecu rities (Nonm arketable)
Issued to O ffic ia l In stitu tio n s of Foreign C ou n tries-C on tin u ed
(Payable in U.S. Dollars; dollar amounts in millions)
Maturity
date
Interest
rate
(Percent)
6/20/72
6/20/72
6/23/72
6/26/72
7/18/72
7/19/72
Certificates of indebtedness
8/11/72
8/14-/72
8/16/72
9/20/72
9/20/72
9/25/72
> 9/26/72
8/26/71
{ 9/15/72
Notes
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
9/20/72
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
9/21/72
3/15/77
12/27/73
10/3/72
H0/3/72
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
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
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
Notes
10/26/72
1/24/74
5.40
5.60
_
200
200
-
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
11/17/72
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
2/16/73
2/16/73
2/16/73
2/16/73
5/17/73
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3,92
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
_
55
105
70
20
15
20
18
10
100
235
35
600
35
30
100
5
50
Month of
Activity
1972-Sept............
Oct
Issue
date
Securities
r
[ 9/23/71
^ 10/26/72
f
8/4/72
8/10/72
8/11/72
8/14/72
8/15/72
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
/ Certificates of indebtedness < 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
-
V.11/30/72
2/23/73
5/30/73
Amount
Issued
_
_
_
-
_
564
362
728
159
_
157
200
_
-
15
632
30
50
44
100
250
70
120
11
25
26
195
40
25
-
_
_
-
55
105
70
20
15
20
18
10
35
115
706
55
100
Retired
Total outstanding
end of month
564
362
728
159
30
50
50
8
2
_
_
►19,745
-
200
_
-
.<
15
632
50
30
44
100
250
70
300
120
17
24
83
31
193
40
25
40
10
-
/19,304
-
-
-
-
5
-
>19,120
Treasury Bulletin
52
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month, of
activity
1972-Dec.
Securities
(Certificates of indebtedness
Hotes
1973-Jan.
\Certificates of indebtedness
Notes
Feb.
/Certificates of indebtedness
Notes
Mar.
<Certificates of indebtedness
(
Interest
rate
(Percent)
Amount
Issue
date
Maturity
date
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
4.50
4.65
4.65
4.65
4.65
’ 10/3/72
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
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
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
7/1/68
7/2/68
10/28/71
1/15/73
1/25/73
1/2/73
1/2/73
1/25/73
7/15/77
4/25/74
6.00
6.00
10
5
4.80
2.50
5.93
200
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
11/24/72
2/2/73
2/7/73
2/7/73
2/8/73
2/9/73
2/9/73
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
11/18/71
11/29/71
2/22/73
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
2/2/73
2/9/73
2/13/73
2/14/73
2/15/73
2/16/73
2/16/73
2/16/73
2/16/73
2/23/73
5/2/73
5/7/7?
5/7/73
5/8/73
5/9/73
5/9/73
5/9/73
5/9/73
5/14/73
5/14/73
5/14/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
2/22/73
2/22/73
5/23/74
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
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
5.70
5.70
5.45
5.45
5.45
5.45
5.45
5.45
5.45
5.45
4.75
4.95
6.15
5.10
5.10
5.15
5.70
5.45
5.90
5.90
5.90
5.90
6.35
6.35
6.35
Issued
Total outstanding
end of month
75
362
564
728
159
5
4.60
4.80
4.80
5.10
5.10
5.30
5.15
5.70
Retired
100
20
) 18,921
362
337
227
900
12
632
25
44
100
70
250
11
25
120
26
195
40
25*
► 18,756
619
23
20
20
44
100
70
250
11
25
40
50
25
156
200
55
105
70
20
15
18
20
45
15
30
55
6
413
32
105
32
►23,792
102
1,483
36
70
30
3,050
261
180
65
15
30
36
30
400
200
100
300
337
362
900
102
180
601
109
2,523
189
337
200
900
>26,760
53
July 1974
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Maturity
date
Interest
rate
(Percent)
9/9/68
12/6/71
12/23/71
3/22/73
3/29/73
3/9/73
3/22/73
3/29/73
6/27/74
6/27/74
5.35
4.80
4.70
7.00
6.80
1/3/73
1/5/73
1/10/73
1/17/73
1/17/73
4/3/73
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
7/3/73
7/5/73
7/10/73
7/17/73
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
4/9/73
4/26/73
4/26/73
7/25/74
5/17/73
5/30/73
5/2/73
5/7/73
5/9/73
5/9/73
5/14/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
6/20/73
7/10/73
8/2/73
8/7/73
8/9/73
11/9/73
8/14/73
8/14/73
8/14/73
ll/K /7 3
8/16/73
8/16/73
11/16/73
8/23/73
11/30/73
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
6.35
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
5/ 24A 2
5/22/73
5/24/73
5/24/73
8/22/74
5.50
4.30
4.25
7.00
12/20A2
1/3A 3
3/6A 3
3/6/73
3/6A 3
3A A 3
3/20A3
3/20/73
3/26/73
4/3/73
6/6/73
6/6/73
6/6/73
6/6/73
6A A 3
6/20A3
6/20/73
6/26/73
6/29/73
6/20/73
7/3/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
7/3/73
9/6/73
9/6/73
9/6/73
12/6/73
9/7/73
9/20/73
9/20/73
9/26/73
9/28/73
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
Issue
date
Securities
(
J
Notes
<
L
1/18/73
1/18/73
1/19/73
1/19/73
1973-Apr.................................. I Certificates of indebtedness <
1/26/73
4/3/73
4/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
L
Notes
1
/
*
4/19/73
4/26/73
10/9/68
12AA1
1/20/72
4/26/73
11/17/72
11/30/72
2/2/73
2/7/73
2/? A 3
2/9/73
2/13/73
2/14/73
Certificates of indebtedness /
\
May..............
{
2/14/73
2/16/73
2A6/73
2/23A 3
3/20 A3
4A0A3
5/2/73
5/7A 3
5/9/73
5/9/73
f
Notes
{
\
V
June........... .
Certificates of indebtedness {
5/14A3
5/14A3
5/U /73
5/14A3
5/16A3
5A6A3
5A7A3
5/23/73
5/30A3
11/22/68
1/20A2
2/24/72
Amount
Issued
_
_
_
100
200
_
_
_
_
_
_
_
619
44
100
250
70
11
25
40
50
25
_
_
275
_
_
_
_
-
_
_
_
_
_
55
413
105
1,480
70
261
1,170
1,500
15
65
706
30
100
_
240
_
_
_
_
_
_
Retired
10
100
200
_
619
44
100
250
70
11
25
40
50
25
26,755
►
26,594
►
26,781
_
_
_
5
175
100
_
706
100
55
413
105
1,483
70
261
2,650
15
65
30
75
100
_
_
_
_
_
_
_
_
_
3
90
150
227
23
109
601
2,523
189
262
200
900
_
619
109
601
-
2,503
_
_
20
_
189
489
_
200
900
>
_
_
-
Total outstanding
end of month
_
_
-
652
-
54
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; dollar amounts in millions)
Month of
activity
Securities
Issue
date
f 12/ 24/68
Notes
Certificates of indebtedness
1973-July.
12/27/68
6/25/71
3/30/72
6/21/73
6/25/73
6/29/73
4/05/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
5/14/73
6/20/73
6/26/73
7/05/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
7/17/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/26/73
7/27/73
7/30/73
7/31/73
f 12/31/68
Notes
Aug.
/ Certificates of indebtedness
7/07/71
7/14/71
4/27/72
7/09/73
7/16/73
7/19/73
5/2/73
5/7/73
5/9/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
6/6/73
6/6/73
6/7/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/27/73
7/30/73
7/31/73
8/1/73
8/2/73
8/2/73
Maturity
date
6/25/73
6/27/73
6/25/73
6/21/73
9/19/74
6/23/80
Interest
rate
(Percent)
Amount
Issued
Retired
6.00
2
5.97
6.20
5.05
7.10
6.95
20
600
200
200
600
199
12/29/77
2.50
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
8/14/73
9/20/73
9/26/73
10/05/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/26/73
10/29/73
10/30/73
10/31/73
7/02/73
7/09/73
7/16/73
7/19/73
6.55
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.15
8.15
8.15
8.35
6.00
6.45
6.30
4.60
7/08/80
7/15/80
7.20
7.30
200
10/24/74
8.10
175
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/23/73
9/6/73
9/6/73
9/7/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/29/73
10/30/73
10/31/73
11/1/73
11/2/73
11/2/73
6.30
6.30
6.15
6.15
6.15
44
250
70
6.20
6.20
6.20
6.20
6.20
6.20
6.25
6.15
7.30
7.25
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
11
25
40
50
25
261
489
15
44
2
3
20
30
8
17
250
70
1
5
7
11
)
25
1
3
14
40
50
6
24
5
18
1
25
24
53
264
100
200
200
175
200
55
413
105
1,170
70
15
65
30
135
109
89
6.20
6.20
6.45
7.15
7.15
7.15
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.158.15
8.15
8.15
8.35
8.35
8.35
8.35
Total outstanding
end of month
2
20
3
30
8
17
7
5
1
3
14
1
8
16
6
5
18
1
14
55
16
24
53
3
14
16
26,420
55
July 1974
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries —Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Securities
Notes
1973-Sept.
/ Certificates of indebtedness
Notes
Certificates of indebtedness
Oct.
Notes
Issue
date
Maturity
date
Interest
rate
(Percent)
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/22/73
8/23/73
8/23/73
8/29/73
8/31/73
5/25/72
11/7/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/23/73
11/23/73
11/23/73
11/29/73
11/30/73
8/23/73
8.50
8.50
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.70
8.70
4.67
6/06/73
6/06/73
6/07/73
6/20/73
6/26/73
6/29/73
8/09/73
8/29/73
9/06/73
9/06/73
9/06/73
9/06/73
9/07/73
9/10/73
9/19/73
9/20/73
9/20/73
9/24/73
9/24/73
9/25/73
9/25/73
9/26/73
9/26/73
9/27/73
9/28/73
9/28/73
6/22/72
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/26/73
7/31/73
8/09/73
8/23/73
9/06/73
9/07/73
9/19/73
9/20/73
9/24/73
9/25/73
9/26/73
9/28/73
9/28/73
10/01/73
10/02/73
10/02/73
10/09/73
10/09/73
10/12/73
10/17/73
10/17/73
10/18/73
10/19/73
10/19/73
10/25/73
10/26/73
10/31/73
9/06/73
9/06/73
9/07/73
9/20/73
9/26/73
9/28/73
11/09/73
11/29/73
10/09/73
12/06/73
12/06/73
3/06/74
12/07/73
12/10/73
12/19/73
12/20/73
12/20/73
12/21/73
12/21/73
12/27/73
12/27/73
12/26/73
12/28/73
12/27/73
12/28/73
12/28/73
9/20/73
10/05/73
10/17/73
10/17/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/26/73
10/31/73
11/09/73
11/23/73
10/09/73
12/07/73
12/19/73
12/20/73
12/21/73
12/27/73
12/26/73
12/28/73
12/28/73 '
12/31/73
1/02/74
1/02/74
3/09/74
1/09/74
3/11/74
1/17/74
1/17/74
1/18/74
1/18/74
1/18/74
3/25/74
1/25/74
3/31/74
10/18/73
12/19/74
1/23/75
7.15
7.15
7.15
7.30
7.25
7.25
8.50
8.70
8.80
8.80
8.80
8.75
8.80
8.80
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.35
7.35
4.95
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.35
8.50
8.95
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.15
7.15
7.35
7.35
7.35
7.20
7.20
7.20
7.20
7.20
6.95
6.95
7.20
5.00
7.50
7.10
7/20/72
10/01/73
10/18/73
Amount
Issued
413
105
1,170
70
15
65
45
8
30
1
472
-
158
2,533
158
158
100
4
31
200
10
87
46
66
27
901
73
92
4
• 664
-
-
58
104
215
158
95
21
45
250
11
50
31
3
25
417
-
50
200
Retired
Total outstanding
end of month
_
8
_
_
-
_
45
8
-
150
2,503
466
100
200
885
652
38
1
4
200
44
70
250
11
25
9
50
31
25
261
19
30
158
100
31
10
46
66
150
4
300
.
-
21
-
50
14
3
-
200
-
^26,420
) 26,175
56
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Table PD O -8. - Foreign Series Securities (Nonmarketable)
Issued to O ffic ia l Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
(
r
1973-Nov.........
Issue
date
Securities
I Certificates of indebtedness
Notes
Certificates of indebtedness
I
\f
I
1I
^
<
Dec.... ..... (
I^ Notes
/
Certificates of indebtedness
1974-Jan.........
s
1
<
1^
r
<
<
>
Notes
r
/
I
>
5/9/73
5/14/73
5/17/73
5/30/73
6/b/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/31/73
9/6/73
9/6/73
9/26/73
9/26/73
9/28/73
10/19/73
11/2/73
11/7/73
11/9/73
11/9/73
11/9/73
11/14/73
11/14/73
11/14/73
11/16/73
13/16/73
11/16/73
11/30/73
11/30/73
11/30/73
11/30/73
8/24/72
11/29/73
9/20/73
9/24/73
9/25/73
9/26/73
9/27/73
10/1/73
12/20/73
12/21/73
12/27/73
12/27/73
12/28/73
12/31/73
2/2/72
9/21/72
12/27/73
10/2/73
10/2/73
10/9/73
10/9/73
10/17/73
10/17/73
10/18/73
10/19/73
10/26/73
10/31/73
12/20/13
12/27/73
12/31/73
1/2/74
1/2/74
1/9/74
1/9/74
1A7/74
1/18/74
1/25/74
1/31/74
10/26/72
1/24/74
11/2/73
11/7/73
11/9/73
11/9/73
II/14/73
11/14/73
11/16/73
11/16/73
Maturity
date
11 /9/73
11/14/73
11/16/73
11/30/73
12/6/73
11/2/73
11/7/73
1W73
11/UA3
II/14/73
I1/16 /V3
11/16/73
11/30/73
12/6/73
12/6/73
12/26/73
12/26/73
12/28/73
1/28/74
2/1/74
2/7/74
2/8/74
2/8/74
5/9/74
5/14/74
2/14/74
2/14/74
2/15/74
2A5/74
2/15/74
2/28/74
2/28/74
5/30/74
5/30/74
2/28/74
12/19/74
12/20/73
12/21/73
12/27/73
12/28A3
12/27/73
12/31/73
3/20/74
3/21/74
3/27/74
3/27/74
3/28/74
4/1/74
12/3/73
12/27/73
1/9/75
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/17/74
1/18/74
1/18/74
1/25/74
1/31/74
3/20/74
3/27/74
4/1/74
4/2/74
4/2/74
4/9/74
4/9/74
4/17/74
4/18/74
4/25/74
5/1/74
1/24/74
4/24/75
2/1/74
2/7/74
2/8/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
Interest
rate
(Percent)
6.45
6.45
6.45
6.90
7.25
8.35
8.50
8.50
9.00
9.00
9.00
9.00
8.70
8.80
8.80
7.35
7.35
7.35
7.20
7.20
8.10
8.10
8.10
8.00
8.40
8.65
8.65
8.65
8.65
8.65
7.70
7.70
7.70
7.70
5.50
7.20
8.80
8.80
7.35
7.35
7.35
7.35
7.40
7.40
7.35
7.35
7.35
7.40
4.80
5.60
7.12
7.15
7.15
7.35
7.35
7.20
7.20
7.20
7.20
6.95
7.20
7.40
7.35
7.40
7.40
7.40
7.65
7.65
/ 8.00
/ 8.00
8.00
7.80
5.60
7.35
7.20
8.10
8.10
8.10
8.65
8.65
8.65
8.65
Amount
Issued
_
-
55
413
40
33
1,480
1,500
1,170
70
65
15
626
472
2,533
20
158
_
200
-
-
_
204
88
26
92
73
59
_
200
_
_
_
_
_
_
_
_
_
106
215
158
95
180
7
25
123
_
200
-
Retired
1,480
1,500
706
100
20
55
413
40
1,170
70
65
15
472
2,533
158
150
601
364
10
Total outstanding
end of month
s
► 24,477
_
_
_
_
_
_
426
_
_
_
200
_
200
86
26
73
92
58
_
_
_
_
> 24,461
22
200
104
215
158
95
250
45
11
7
25
417
30
92
59
106
> 23,757
200
-
55
413
40
33
70
1,170
65
200
-
57
July 1974
.PUBLIC DEBT OPERATIONS
Table PDO-8. -Foreign Series Securities (Nonmarketable)
Issued to O fficial Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
1974-Feb.
Issue
date
Securities
(Certificates of indebtedness
Apr.
Certificates of indebtedness
Certificates of indebtedness
Notes
8.65
7.70
7.70
7.35
7.80
6.95
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.10
7.20
7.20
9/6/73
12/20/73
12/21/73
12/27/73
12/28/73
1/9/74
2/7/74
2/14/74
3/V74
<
3/6/74
3/12/74
3/13/74
3A8/74
3/21/74
3/22/74
3/25/74
3/26/74
f 1/02/74
1/09/74
1/17/74
1/18/74
1/25/74
4/01/74
4/02/74
4/08/74
< 4/09/74
4/09/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
4/26/74
4/30/74
3/6/74
3/20/74
3/21/74
3/27/74
3/28/74
4/9/74
5/7/74
5/14/74
5/31/74
6/6/74
6/12/74
6/13/74
6/18/74
6/21/74
6/21/74
6/25/74
6/26/74
4/02/74
4/09/74
4/17/74
4A8/74
4/25/74
7/01/74
7/02/74
7/08/74
7/09/74
10/09/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/30/74
8.75
7.40
7.40
7.35
7.35
7.65
6.95
7.10
7.20
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
7.40
7.65
8.00
8.00
8.00
8.30
8.35
8.35
8.65
8.40
8.05
8.05
8.05
8.05
7.85
7.85
7.85
8.90
1/25/73
4/25/74
4/25/74
7/24/75
5/09/74
5/14/74
5/30/74
5/01/74
5/02/74
5/08/74
5/14/74
5/L4/74
5/15/74
5A 5/74
5A5/74
5/28/74
5/28/74
5/31/74
8/01/74
8/02/74
8/02/74
8/08/74
6/20/74
6/27/74
7/05/74
7/11/74
7/18/74
7/25/74
8/01/74
8/08/74
7A5/74
8A2/74
9A6/74
8A4/74
8/14/74
8A5/74
8A5/74
5.93
8.40
May.
(Certificates of indebtedness
f
\
r’ 1 1 / 09/73
1 1 / 14/73
1 1 / 30/73
1 / 31/74
2/ 01/74
2/ 08/74
2/ 14/74
2/ 14/74
2A 5/74
2/ 15/74
2/ 15/74
2/28/74
2/28/74
3/01/74
5/OI/74
5/02A4
5/02/74
5/08A4
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/14/74
5A4/74
5A4/74
5/15/74
5A5/74
5/14/74
5A 5/74
Amount
HI VCXCow
rate
(Percent)
2/15/74
2/28/74
2/28/74
3/28/74
5/2/74
5/7/74
5/8/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/28/74
5/28/74
1 11/16/73
11/30/73
1 11/30/73
12/28/73
2/1/74
2/7/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
2/28/74
_ 2/28/74
"
liar.
Maturity
date
8.00
8.40
7.70
7.80
7.80
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.20
7.20
8.90
8.90
8.90
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
8.05
8.05
8.05
8.05
8.05
8.05
8.05
Issued
Retired
_
-
15
158
3,005
10
55
421
40
70
1,196
65
204
15
80
80
3,000
14
_
.
-
77
165
12
21
486
87
68
49
10
_
_
_
62
219
12
79
79
180
7
167
150
25
50
17
23
_
200
_
-
_
_
_
_
_
_
_
_
_
_
_
123
160
55
40
200
200
200
200
200
200
200
100
890
890
890
70
65
208
15
Total outstanding
end of month
23,762
-
-
-
-
-
158
174
88
26
63
95
421
106
4
) 23,602
-
215
158
180
7
25
.
_
_
_
_
_
_
> 24,086
.
-
200
-
1,480
1,500
20
123
55
40
1,090
70
65
204
15
3,014
80
73
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
>24,400
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficial Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
Issue
date
Securities
Notes
Certificates of indebtedness
1974-June.
Notes
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/30/7^
5/31/74
2/22/73
5/23/74
3/6/74
3/12/74
3A 3/74
3A8/74
3/21/74
3/22/74
3/25/74
3/26/74
4/1/74
4/8/74
4/26/74
4/30/74
5/9/74
5/9/74
5/28/74
5/28A4
6/6/74
6/6/74
6/10/74
6/12/74
6/13/74
6/21/74
6/25/74
6/26/74
f 6/25/71
3/22/73
J 3/29/73
(
V. 6/27/74
Source: Bureau of the Public Debt.
* Less than $500,000.
Maturity
date
7/29/74
8/08/74
8/15/74
8/22/74
8/28/74
9/30/74
9/30/74
12/02/74
8/30/74
5/23/74
8/28/75
6/6/74
6/12/74
6/13/74
6/4/74
6/21/74
6/21/74
6/25/74
6/26/74
7/1/74
7/8/74
7/26/74
7/30/74
6/20/74
6/27/74
7/29/74
8/28/74
11/6/74
12/6/74
9/10/74
9/12/74
9/13/74
9/20/74
9/25/74
9/26/74
6/25/74
6/27/74
6/27/74
6/5/81
6/25/81
10/2/75
Interest
rate
(Percent)
7.60
7.70
7.65
7.75
8.00
7.85
7.85
8.20
8.00
6.15
8.30
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
8.30
8.35
7.85
8.90
9.05
9.05
7.60
8.00
8.10
8.45
8.30
8.30
8.30
8.20
7.85
7.85
6.45
7.00
6.80
2.50
7.90
8.40
Amount
Issued
Retired
850
100
200
200
864
850
80
20
73
300
300
165
12
21
486
87
68
49
10
14
12
17
23
200
200
441
14
82
82
17
12
21
155
49
10
17
12
10
600
100
200
445
600
300
Total outstanding
end of month
July 1974
59
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)____
Amount
(Dollar equivalent)
Month of
activity
Certificates of indebtedness
1970-July,
Notes
Aug..
Certificates of indebtedness
Sept.
Notes
Oct..
Notes
Certificates of indebtedness
1971-Jan..
Notes
Certificates of indebtedness
' Feb..
Notes
Mar..
Certificates of indebtedness
Certificates of indebtedness
May.
Notes
June.
Certificates of indebtedness
Notes
Certificates of indebtedness
July.
Notes
Certificates of indebtedness
Aug.
Notes
Certificates of indebtedness
Sept.
Notes
Certificates of indebtedness
Oct.
Notes
Dec.
Payable
in —
Securities
Certificates of indebtedness
Notes
Certificates of indebtedness 1/
Issue
date
J Swiss francs
\ Swiss francs
1/23/70
7/23/70
C Swiss francs
/ Swiss francs
S Swiss francs
V.Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
C Swiss francs
/ Swiss francs
\ Swiss francs
V,Swiss francs
^ Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
. Swiss francs
* Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
C Swiss francs
/ Swiss francs
\ Swiss francs
V.Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
4/9/69
4/29/70
7/9/70
7/29/70
2/6/70
8/6/70
6/9/69
9/9/70
7/3/69
7/16/69
10/5/70
10/16/70
7/23/70
1/22/71
9/9/69
1/29/71
8/6/70
2/5/71
11/18/69
2/18/71
3/10/71
1/22/71
2/5/71
3/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
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
5/10/71
5/10/71
7/22/71
7/6/71
5/10/71
5/10/71
5/10/71
8/5/71
8/6/71
8/19/71
8/27/71
5/10/71
5/10/71
francs
francs
francs
francs
francs
francs
francs
francs
francs
9/10/71
9/13/71
5/10/71
5/10/71
10/8/71
10/29/71
5/10/71
12/9/71
8/5/71
(
(
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Maturity
date
l/2>/70
1/22/71
7/9/70
7/29/70
10/8/71
10/29/71
8/6/70
2/5/71
9/9/70
12/9/71
10/5/70
10/16/70
1/5/72
1/17/72
1/22/71
7/22/71
1/29/71
5/30/72
2/5/71
8/5/71
2/18/71
5/18/72
9/10/71
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
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
7/6/71
7/22/71
1/21/72
10/6/72
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
12/11/72
12/13/72
10/8/71
10/29/71
1/8/73
1/29/73
12/9/71
3/9/73
2/4/72
Interest
rate
(percent)
8.08
6.75
6.20
6.20
7.30
7.23
8.125
6.75
6.89
6.90
7.70
7.55
6.70
6.55
6.75
4.40
7.85
4.40
6.75
4.26
7.60
3.90
3.35
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
6.75
4.40
5.75
6.15
4.26
7.70
7.73
5.75
6.35
5.65
5.67
3.35
7.60
5.45
5.55
7.30
7.23
5.25
4.85
6.90
4.80
5.75
Issued
Retired
Total outstanding
end of month
100
100
30
39
1.366
50
1.366
101
1,366
22
134
1,366
30
40
50
101
22
133
100
100
30
1,366
30
50
50
1,366
30
30
250
1,616
100
50
250
263
27
55
105
53
27
29
24
32*
42
106
24
140
>
1,664
26
52
26
28
23
30
40
101
22
133
30
30
32
32
27
27
55
105
105
55
53
27
29
53
27
29
333
1,9
263
24
2,005
269
25
32
42
2,008
33
43
106
111
2
2,013
Treasury Bulletin
60
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries;—Continued
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Month of
activity
1972-Jan.
Securities
/
Certificates of indebtedness
Notes
Certificates of indebtedness
Swiss francs
Swiss francs
2/4/72
8/4/72
2/2/13
Swiss francs
6/1/71
9/1/72
Notes 1/
Feb..
Certificates of indebtedness
Mar..
Notes
Aug.,
{
Notes
111
25
148
55
56
76
153
153
33
33
33
34
111
114
76
56
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
3/7/74
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
J Swiss francs
^ Swiss francs
8/4/72
2/2/13
2/2/73
8/2/73
4.25
5.75
57
Notes
German marks
8/19/69
2/19/73
3.05
Notes
Swiss francs
Swiss francs
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
Notes
Notes
Certificated of Indebtedness
1973-Jan.
Notes
Certificates of indebtedness
f German marks
/ Swiss francs
1 Swiss francs
C Swiss
/ Swiss
j Swiss
vSwiss
C Swiss
/ Swiss
\ Swiss
vSwiss
f
> 2,147
24
140
105
29
( Swiss francs
Total outstanding
end of month
12
5.15
5.50
Notes
Mar..
BA/12
Retired
17
17
17
18
19
1
1
1
3
1
1
6
1
9/1/72
11/30/73
Oct.,
Feb.
3/3/72,
10/2/73
10/2/73
5/18/72
5/30/72
8/20/73
8/30/73
7/21/72
1/19/13
1/3/12
5.28
5.73
6.25
.05
.43
.90
.40
.15
.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
Issued
57
Notes
Dec.
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
4/5/73
4/17/73
2/4/72
8/4/72
Interest
rate
(percent)
3.625
4.25
Sept
Nov..
Maturity
date
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
1/5/72
1/17/72
8/5/71
2/4/72
7/3/67
10/2/69
3/3/72
5/10/71
5/10/71
5/18/72
5/30/72
1/21/72
7/21/72
7/3/67
Notes
July,
Issue
date
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
^Swiss francs
Swiss francs
Swiss francs
hSwiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
‘German marks
German marks
.German marks
'Swiss francs
Swiss francs
Swiss francs
„Swiss francs
Swiss francs
bSwiss francs
’German marks
Certificates of indebtedness
May..
Payable
in —
28
153
57
1,850
28
31
1,852
153
275
26
1,710
29
32
114
1 J/
33
43
1,713
57
1,561
154
111
129
1,578
July 1974
61
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
Securities
Certificates of indebtedness
1973-Apr.
July.
Notes £/
7/19/73
8/2/73
5.25
5.75
10
5
”German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
67
77
55
50
70
40
25
5.50
5.47
5.70
6.00
19
46
4
4
3
6
3
3
26
2
3
4
(
4.50
4.15
6.93
6.70
Certificates of indebtedness
J Swiss francs
^ Swiss francs
1/19/73
7/19/73
Certificates of indebtedness
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
jSwiss francs
German marks
2-02-73
8-27-71
5-18-72
5-30-72
8-02-73
8-20-73
8-27-73
8-30-73
3-3-72
7/19/73
1/18/74
8-02-73
8-27-73
8-20-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
10-2-73
5.25
6.125
5.75
5.67
4.77
4.55
8.70
8.25
8.125
8.20
2.051
Swiss francs
Swiss francs
9-01-72
IL-30-73
11-30-73
2-28-75
5.50
6.98
{
Notes
Feb.
Notes
Mar.
Notes
Apr.
Notes
Notes
Issued
1/19/73
2/2/73
4/5/73
4/17/73
7/5/74
7/17/74
Notes
Amount
(Dollar equivalent)
Swiss francs
Swiss francs
1/5/72
1/17/72
4/5/73
4/17/73
Notes
June.
Interest
rate
(percent)
francs
francs
francs
francs
Certificates of indebtedness
1974-Jan.
Maturity
date
rSwiss
/ Swiss
\ Swiss
V.Swiss
Notes
Nov,
Issue
date
Notes
Aug.
Oct
Payable
in —
29
170
124
1,746
127
62
391
37
383
1,758
172
1.586
32
1.586
64
38
400
38
33
francs
francs
francs
francs
francs
francs
francs
francs
7-19-73
1-18-74
10-06-72
1-07-74
1-18-74
7-18-74
1-07-74
4-07-75
6.125
8.05
5.70
7.07
11/06/72
11/20/72
2/06/74
2/20/74
2/06/74
2/20/74
5/06/75
5/20/75
5.40
5.25
6.60
6.60
33
36
f
/
\
V
francs
francs
francs
francs
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
31830
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
5.70
5.70
6.00
8.40
8.40
8.60
24
15
50
Swiss francs
Swiss francs
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
3-09-73
6-07-74
6-07-74
9-08-75
6.625
8.35
129
Source: Bureau of the Public Debt.
l/ 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.
Total outstanding
end of month
25
148
ISwiss
iSwiss
ISwiss
[Swiss
/'Swiss
I Swiss
\ Swiss
^ Swiss
Swiss
Swiss
Swiss
Swiss
Retired
127
127
1,588
65
67
32
35
1,589
311
29
1,597
23
14
49
1.599
129
1.599
j/ 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.
4/ Dollar value of securities increased to reflect market exchange
rates as of February 12, 1973.
62
Treasury Bulletin
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
been on sale since May 1, 194-1,
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, 194-1
194-1.
through April
Series J and K were sold from May 1, 1952
through
April 30, 1957.
Details of the principal changes in issues,
interest yields,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 1968,
and
Report of the Secretary of
the Treasury for fiscal years 1966 through 1973.
Table SB-1. - Sales and Redemptions by Series, Cumulative through June 30, 1974
(In millions of dollars)
Amount outstanding
Sales
Accrued
discount
A-D 2/.,
E and H,
F and G.
J and K,
3,949
172,479
28,396
3,556
1,054
40,091
Total A-K... .
208,379
Series
Series
Series
Series
Series
Sales plus
accrued
discount
Redemption 1/
Interestbearing debt
61,921
3,754
4,999
150,649
29,502
3,748
250,848
188,898
61,921
1,125
5,003
212,570
29,521
198
42,468
Matured
noninterest
bearing debt
19
6
29
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
Amount outstanding
Redemptions 1/
Period
Fiscal vears:
1935-63.........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
Calendar years:
1935-63.........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
*fenths:
1973-June.......
July.......
Aug........
Sept.......
Oct........
Dec........
L974-Jan........
Feb........
Mar........
Apr........
May........
June.......
Sales 1/
Accrued
discount
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
154,106
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,268
21,974
1,508
1,527
1,591
1,686
1,759
1,832
1,909
2,192
2,426
2,673
176,079
6,117
6,013
6,451
6,584
6,455
6,224
6,574
7,669
8,662
8,941
127,051
5',252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,211
4,552
5,043
4,842
5,094
5,457
5,072
4,224
4,322
4,945
U>£21
807
889
957
951
1,040
1,182
1,223
1,021
1,043
1,266
96,362
49^734
50,324
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
532
158
141
164
126
112
64
50
42
37
31
556
487
567
385
482
682
142
721
567
587
589
583
636
231
244
213
225
227
207
242
251
222
227
235
214
787
502
498
669
539
592
516
393
793
488
515
541
520
616
403
400
544
433
472
412
321
652
378
411
432
414
496
99
99
124
106
121
104
72
141
111
104
109
106
119
59,418
59,652
59,764
59,836
59,953
60,326
60,317
60,497
60,798
61,097
61,381
61,658
61,921
34
34
33
32
32
32
31
31
30
30
30
30
29
Footnotes at end of Table SB-4
242
731
780
610
709
889
384
972
789
814
824
797
878.
63
July 1974
TTNITED STATES SAVINGS BONDS
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemption l/
Period
Sales 1/
Accrued
discount
Sales Plus
accrued
discoimt
Total
Sale
price 2/
Accrued
discount 2/
Amount outstanding
Matured
noninterestbearing debt
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-63...........
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972..............
1973..............
Calendar years:
1941-63...........
1964.............
1965..............
1966..............
1967.............
1968..............
1969.............
1970.............
1971.............
1972.............
1973.............
Months:
1973-June.........
July.........
Aug..........
Sept.........
Oct..........
Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.... .....
Fiscal years:
1941-63............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
Calendar years:
1941-63............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
Months:
1973-June..........
July.
Aug...........
Sept........ .
Oct...........
Nov...........
Dec...........
1974-Jan...........
Feb...........
Mar............
Apr............
May...........
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
1,941
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
118,206
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,268
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,674
137,851
6,101
6,000
6,440
6,578
6,452
6,224
6,574
- 7,669
8,662
8,942
90,744
4,841
5,117
5,477
5,439
5,915
6,565
6,281
5,237
5,359
6,206
81,244
4,061
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,317
4,972
9,499
780
863
916
919
1,017
1,173
1,221
1,020
1,042
1,234
92,605
48,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
556
487
567
385
482
682
142
721
567
587
589
583
636
231
244
213
225
227
207
242
251
222
227
235
214
242
787
731
780
610
709
889
384
972
789
814
824
797
878
99
99
124
106
121
104
72
141
111
104
109
106
119
59,418
59,652
59,764
59,836
59,953
60,326
60,317
60,497
60,798
61,097
61,381
61,658
61,921
31,951
_
_
_
_
_
_
_
_
_
1,266
18
15
12
8
4
1
33,217
18
15
12
8
4
1
31,951
_
_
_
_
_
_
_
_
_
_
_
1,274
16
14
10
6
2
*
_
33,226
16
14
10
6
2
*
_
_
_
502
402
498
399
667
543
539
433
592
471
516
412
321
393
792
651
488
377
514
411
432
541
519
414
496
615
Series F,G, J, and K combined ij
_
_
_
_
31,118 5/6/1/S/q/
426 9/
358
418
472
266
140
27
8
6
5
29,973
400
333
384
434
239
124
24
7
5
4
1,145
27
24
35
38
27
16
3
1
1
1
1,955
1,563
1,248
856
397
140
_
-
31,317
410
323
522
353
218
74
13
7
5
5
30,161
383
297
481
322
195
65
11
6
5
4
1,157
27
26
40
32
23
9
2
1
1
1
3,757
1,368
1,075
540
229
27
*
*
1
*
*
*
*
*
*
*
*
*
1
*
*
1
*
*
*
*
_
_
_
_
__
_
_
_
_
_
_
_
_
_
_
_
.
_
_
_
_
_
_
-
/
*
*
*
*
*
1
*
*
■*
*
*
*
*
*
*
*
*
*
*
-
-
-
-
_
-
-
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
_
*
-
144
127
99
86
80
75
76
49
41
34
30
504
147
131
155
118
105
58
44
37
32
27
30
29
28
28
28
27
27
27
26
26
26
25
25
Treasury Bulletin
64
UNITED STATES SAVINGS BONDS
Table SB-3. - Sales and Redemptions by Periods, Series E through K —Continued
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemption 1/
Total
Sales
price 2/
Accrued
discount 2/
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years;
1941-63...
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
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
77,423
3,609
3,705
3,904
3,982
4,178
4,462
4,772
3,877
3,941
4,118
9,158
754
833
897
913
976
1,806
1,237
1,082
1,031
1,091
191
206
188
212
216
196
184
210
231
292
338
39.166
40,190
a , 078
a, 853
42,959
43.805
44,205
44.167
45,902
48,598
51.806
Calendar years:
1941-63....
196 4
196 5
196 6
1967........
196 8
196 9
197 0
197 1
197 2
197 3
109,602
4,132
4,092
4,450
4,574
4,452
4,221
4,503
5,218
5,992
5,988
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673 '
129,247
5,623
5,606
6,031
6,255
6,209
6,052
6,412
7,411
8,348
8,661
88,610
4,425
4,650
4,913
4,9a
5,300
5,835
5,626
4,871
5,007
5,740
79,110
3,646
3,787
3,997
4,022
4,283
4,661
4,405
3,851
3,964
4,506
9,499
730
863
916
919
1,017
1,173
1,221
1,020
1,042
1,234
897
198
190
224
207
191
180
228
249
329
319
78,327
40,739
41.504
42,398
43.504
44,222
44,259
44,818
47,108
50,120
52,723
Months:
1973-June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
pr.
X:
June.
51,806
531
462
545
371
463
667
130
244
213
225
227
207
242
762
706
758
596
691
874
372
495
462
615
492
563
472
361
369
363
491
367
416
368
289
99
99
124
106
121
103
72
27
26
27
23
25
23
15
52,024
52,139
52,220
52,349
52,727
52,723
685
535
556
564
559
608
251
222
227
235
214
242
936
757
784
799
773
850
740
451
476
500
480
569
599
3a
372
392
375
449
141
111
104
109
106
119
37
26
29
27
24
26
52,881
53,161
53,459
53,710
53,979
54,234
-
-
191
206
188
212
216
196
184
210
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
—
897
198
190
224
207
191
180
228
249
329
319
14,279
7,627
7,744
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
27
26
27
23
25
23
15
37
26
29
27
24
26
7,612
7,628
7,625
7,616
7,604
7,599
7,594
7,615
7,637
7,658
■2,670
7,679
7,686
231
Series H
Fiscal years:
1952-63............
1964..............
1965...............
1966...............
1967..............;
1968..............
1969..............
1970..............<
1971...............
1972..............
1973...............
Calendar years:
1952-63........... .
1964.......
1965...............
1966..............,
1967...............
1968...............
1969..............
1970..'............ .
1971...............
1972...............
1973..............,
Months;
1973- June..........i
July...........
Aug............
Sept..........
Nov...........
Dec...........
1974-Jan....... .
Feb.......... .
Mar.......... .
Apr.......... .
May...........
June........ .
8,349
521
431
404
367
273
207
160
212
289
322
8,603
477
394
ao
324
224
172
162
259
314
280
25
25
22
H
19
15
12
37
32
30
25
23
28
_
_
-
_
-
_
_
_
_
_
_
_
_
_
-
-
8,349
521
431
404
367
273
207
160
212
289
322
1,956
373
449
504
553
561
650
762
457
359
372
1,956
373
449
504
553
561
650
762
457
359
372
8,603
477
394
ao
324
224
172
162
259
314
280
2,134
a6
467
564
497
615
730
655
366
353
465
2,134
a6
467
564
497
615
730
655
366
353
465
25
25
22
H
19
15
12
37
32
30
25
23
28
34
36
52
46
56
43
32
52
37
39
40
*2
46
34
36
52
46
56
43
32
52
37
39
40
46
-
-
_
.
_
_
_
_
_
_
_
July 1974
65
.UNITED STATES SAVINGS BONDS,
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unmatured
Matured
Period
Total
Fiscal years:
1951-57...
195 8
195 9
196 0
1961.....
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
Calendar years:
1951-57....
195 8
195 9
196 0
1961......
1962......
196 3
196 4
196 5
196 6
196 7
196 8
196
197
197
197
197
9
0
1
2
3
Months:
1973-June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr...
June.
Unclassified
Total
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
49,054
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
19,908
3,393
4,701
3,033
2,555
2,387
2.043
2,171
2,148
2.472
2,386
2,652
2,686
2,8a
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
502
498
669
539
592
516
394
793
488
515
5a
519
616
2,022
2,053
2,508
Series
and H
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
Total
9,366 1/
1,824
1,625
1,822
940 1/
925
657 2 /
304
28,583
4,739
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
2,351
3,401
2,566
3,842
3,660
3,317
3,393
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
28,567
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
21,477
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
286
280
327
390
286
280
327
390
321
321
333
197
369
291
368
342
333
197
369
291
246
280
412
260
143
29
9
7
5
2,036
2,121
10,072
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2, 0a
2,443
2,601
2,827
2,014
2,047
2,505
9,837
1,702
2,268 y
1,089 y u
922 2/2/
730 8/2 /
426 2/
282
216
391
345
209
84
15
8
6
3
195
187
231
286
195
187
*
230
1
234
233
154
225
260
240
241
234
233
154
225
260
220
213
1
*
*
*
*
*
*
*
*
*
285
240
241
220
212
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 outstanding at current redemption
value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January 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
Series E
and H
Other
1
{J
£/
6/
2/
$/
2/
10/
*
3 ,8 a
4,520
3,938
3,100
3,002
2,8 4 2
3,660
3,317
3,393
Other
6,659
1,544
543
1,356
283
196
139
140
118
104
79
25
6
-
7,090
750
1,075
825
201
175
125
131
10 /
417
75
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
578
22
-449
-239
-60
213
-52
-76
111
6
107
44
13
144
-7
26
228
-431
2
-
-83
-
-24
123
_
21
_
-
-
_
368
-
342
-
31
111
-137
37
-51
42
199
-63
-94
-43
-U
lit
Si
88
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 19a 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.
Treasury Bulletin
66
.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
notes appear in
The notes were eligible for purchase
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1972.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and ■Redemptions by Periods
lXII mj-LllUIlH c
Redemptions 2/
Period
Sales 2/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Acci*ued
discount
Amount
outstanding
FiscaJ, years:
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1
201
326
323
11
*
*
*
12
25
33
28
29
1
201
338
347
44
28
29
*
*
35
111
167
85
69
*
*
34
105
157
77
53
*
1
6
10
8
-11
203
505
742
619
561
519
Calendar xears:
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
80
277
348
160
-3
*
*
5
18
31
31
28
29
80
281
366
191
27
28
29
*
7
76
154
124
71
72
*
7
72
145
116
62
59
*
3
8
9
9
13
80
354
644
682
584
540
496
*
*
*
*
*
*
*
*
2
2
2
2
2
2
2
2
3
2
2
2
8
2
2
2
2
2
2
2
2
3
2
2
2
8
6
6
7
9
7
7
4
6
6
7
6
6
6
5
5
5
7
5
5
3
5
5
6
5
5
5
1
1
1
519
516
512
505
501
497
496
491
488
483
478
475
477
Months:
July.........
Aug..........
Oct..........
Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
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.
1
1
1
1
1
1
1
1
1
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
* Less than $500,000.
67
July 1974
O W N E R S H IP OF F E D E R A L S E C U R IT IE S
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
End of
fiscal year
or month
Total
Federal
Securities
outstanding
(In millions of dollars)
Interest-bearing public debt securities
Held by U.S. Government accounts
Total
outstanding
Special
issues
Other
Public
issues
held by
Federal
Reserve
banks
Nonmarketable
Total
Public
marketable
1965.........................
1966.........................
1967.........................
1968.........................
1969.........................
1970.........................
1971.........................
1972.........................
1973.........................
326,609
333,284
344,676
371,978
367,969
383,428
410,29?
438,154
469,251
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
61,070
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
10,351
12,050
13,635
14,694
16,007
16,974
18,092
19,868
20,080
48,549
50,196
56,103
59,374
66,738
76,124
82,740
89,536
101,248
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056
2,056
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356
75,022
1972-Dec......................
461,068
447,298
116,897
19,360
95,482
2,056
69,906
1973-May......................
June.....................
468,380
460,251
470,121
473,263
472,898
473,964
475,798
481,484
479,782
482,268
486,475
483,915
486,659
455,431
456,353
457,217
459,918
459,471
460,587
462,076
467,827
120,123
123,385
124,992
128,688
127,776
127,444
127,080
129,641
128,706
131,335
131,215
131,147
133,877
20,246
20,080
97,821
101,248
20,423
21,039
20,880
20,840
23,984
20,961
102,513
105,593
104,840
104,548
101,040
106,624
105,555
108,044
107,889
107,796
110,743
2,056
2,056
2,056
2,056
2,056
2,056
74,128
75,022
77,098-'
76,093
76,217
78,491
77,129
78,516
78,240
78,237
79,483
80,007
81,395
Aug......................
Oct......................
Nov......................
Dec......................
1974-Jan......................
Mar......................
466,273
468,629
472,622
470,087
472,7a
21,095
21,234
21,271
21,296
21,079
Interest-bearing public debt securities-(Cont.)
Held by private investors
End of
fiscal year
or month
1972-Dec.......................
July......................
Feb.......................
Mar.......................
1/ For content see Table FD-6.
r Revised.
2,'056
2,056
2,056
2,056
2,056
2,056
Agency securities
Matured
public
debt
and debt
bearing
no interest
Total
outstanding
1/
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
Public
marketable
Nonmarketable
212,941
208,946
203,758
216,032
212,819
216,142
227,883
242,545
257,947
159,244
154,909
150,318
159,668
156,006
157,911
161,863
165,978
167,869
53,697
54,037
53,440
56,363
56,814
58,231
66,020
76,566
90,078
4,161
4,476
3,935
3,178
1,991
1,893
1,841
1,901
1,788
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
469
468
2,010
3,001
2,846
2,553
2,251
2,170
2,156
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,724
8,953
260,495
180,244
80,251
2,000
11,770
2,320
9,450
261,179
257,947
255,128 255,137
255,478
254,653
257,867
259,670
171,544
167,869
165,188
165,273
165,259
164,716
169,120
170,747
89,635
90,078
89,940
89,864
90,219
89,937
88,747
88,923
1,908
1,788
1,786
1,926
34968
1,889
1,961
2,071
ll,042r
11,109
11,118
11,419
11,459
11,488
11,760
11,586
2,167
2,156
2,121
2,151
2,207
2,110
2,130
2,107
8,§75r
8,953
8,996
9,267
9,252
9,378
9,630
9,479
259,328
259,057
261*925
258,933
257,469
170,796
170,178
172,842
169,149
167,076
88,531
88,879
89,083
89,784
90,393
1,911
2,058
1,877
1,815
1,934
11,598
11,581
11,975
12,012
11,984
2,170
2,168
2,182
9,498
9,463
9,805
9,844
9,802
Total
1
.. ..... .. -i
68
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership o f Public Debt Securities by Private Investors
End of
month
1939-Dec..
1946-Feb..
Dec..
1950-June.
Dec..
1951-June.
Dec..
1952-June.
Dec..
1953-June.
Dec..
1954-June.
Dec..
1955-June.
Dec..
1956-June.
1957-June!
Dec..
1958-June.
Dec..
1959-June.
Dec..
1960-June.
Dec..
1961-June.
Dec..
1962-June.
Dec..
1963-June.
Dec..
1964-June.
Dec..
1965-June.
Dec..
1966-June.
Dec..
1967-June.
Dec..
1968-June.
Dec..
1969-June.
Dec..
1970-June.
Dec..
1971-June.
Dec..
1972-June.
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1974-Jan....
Feb__
Mar. ...
Apr....
May. p.
Total
privatelyheld
33.4
231.6
208.3
2 0 4 .6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
2 1 4 .8
222.0
218.0
229.9
229.7
247.9
244.4
262.5
261.8
265.1
266.4
263.7
263.1
259.7
256.9
257.1
257.4
256.5
259.8
261.7
261.2
261.1
263.8
260.7
259.4
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
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
6 6 .4
62.8
62.0
60.5
58.9
58.8
56.5
55.1
55.4
56.3
58.5
60.3
60.2
59.0
59.5
56.8
54.8
Total
Total
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
9.4
63.9
64.1
67.4
66.3
65.4
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
6 4 .8
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
183.6
194.8
195.4
202.3
204.4
203.2
204.2
200.9
200.4
202.0
202.0
200.2
201.4
201.4
201.0
202.1
204.3
204.0
204.7
(Par values 1/ in billions of dollars)______________________ ____
Norbank investors
Individuals J/
State
Mutual
Foreign
Savings bonds
and
Insurance
sav
and inter
Other
Corpora
local
companies ings
Series
Other
secutions £/ govern national
banks
5/
E and H Series 2/ rities
ments
30.8
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.6
.6
.6
.6
.6
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
17.0
16.8
16.8
16.6
16.5
16.4
17.0
17.2
17.3
17.0
16.9
16.9
16.9
17.1
17.3
17.8
18.3
65.2
30.3
34.5
34.5
34.5
34.7
34.9
35.3
66.1
36.0
6 4 .8
36.7
37.5
12.7
38.2
11.7
10.9
6 4 .6
6 4 .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
6 4 .6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
-73^2
73.2
73.9
74.9
75.0
75.3
75.4
75.7
75.9
76.7
77.0
77.2
77.0
77.2
77.3
77.4
77.9
78.4
79.2
80.0
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
57.4
57.7
58.0
58.3
58.6
58.9
59.2
59.3
59.3
59.5
59.8
59.8
60.0
60.3
60.6
60.9
61.2
7.5
20.6
13.8
13.2
12.1
10.2
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
2/ Consists of commercial banks, trust companies, and stock savings banks
” in the United States and in Territories and island possessions. Figures
excludes securities held in trust departments,
j/ Includes partnerships and personal trust accounts.
tj Exclusive of banks and insurance companies.
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.6
6.4
6.5
6.3
6.3
6.3
6.4
6.3
6.3
6.3
6.2
6 .4
6.3
6.0
6.1
. 5.9
5.8
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
10.3
10.9
11.2
10.0
10.8
9.8
10.3
11.5
9.2
10.2
11.1
10.9
10.7
10.9
11.7
10.5
11.2
16.6
16.3
16.5
16.9
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
18.0
12.0
18.8
18.7
19.3
19.0
20.1
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
25.9
25.4
26.9
28.9
30.0
29.4
29.4
29.2
28.6
28.8
28.4
27.7
29.0
28.5
28.9
29.2
29.9
30.7
30.6
30.1
29.2
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
1 4 .8
20.6
32.7
46.9
50.0
55.3
54.2
61.1
63.1
61.7
61.1
60.2
59.7
59.2
58.5
57.5
56.2
55.5
52.8
53.5
54.9
55.8
57.3
5/ Consists of the investments of foreign balances and international
accounts in the United States.
6/ 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.
7/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
p Preliminary.
69
July 1974
TREASURY SURVEY OF OWNERSHIP, MAY 31, 1974,
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the Februaxy 1962 Bulletin.
issued by the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
.The similar proportion for corporations
Holdings by commercial banks distributed according t j
and for savings and loan associations is $0 percent, and for
these institutions.
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent.
published for June 30 and December 31.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table TSO-1. - Summary of Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Classification
Public debt issues:
Interest-bearing,public
debt securities:
Marketable...........
Nonmarketable ij......
Special issues........
Total interest-bearing
public debt securities..
Matured debt and debt
bearing_no.interest.....
Total public debt
securities..........
GoveiTiment..agency issues:
Regular issues.........
Participation
certificates £/........
Total Government agency
securities covered in
Treasury Survey........
Nonsurveyed Government
agency securities......
Total Government agency
securities 2/.........
Total Federal securities....
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
5,593
commer
cial
banks
2/
269,550
91,905
111,286
102,474
2,056
110,743
167,076
89,849
543
1,690
41,349
34 2 '
4
2,515
16
2,171
22
2,041
3
4,777
*
8,159
12
1,122
58
103,252 *
89,701
543
472,741
215,273
257,469
41,382
1,693
2,531*
2,193
2,044
4,778
8,171
1,179
193,497
1,934
_
1,934
_
_
_
_
_
_
_
_
1,934
474,675
215,273
259,402
41,382
1,693
2,531
2,193
2,044
4,778
8,171
1,179
195,431
5,949
301
5,648
1,167
248
114
21
179
307
245
267
3,101
4,623
1,704
2,919
567
169
45
186
70
38
123
789
932
10,573
2,006
8,567
1.734
416
159
207
368
1.056
A j9?2
1,411
177
1,234
11,984
486,659
2,182
217,455
9,802
269,204
Footnotes at end of Table TS0-6.
478
Insurance companies
mutual
savings
445 fire,
banks
casualty,
290
2/
life
and
marine
486
savings 467
and loan corpo
associa rations
tions
.
249
State and local
governments
189
pension
316
general and re
tirement
funds
funds
All
other
private
inves
tors 2/
Treasury Bulletin
7 0
T R E A S U R Y SURVEY OF OWNERSHIP,, M A Y 31, 1974
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 2/
Classification
By type security:
Issued by U.S. Government:
Treasury bills...............
Treasury notes...............
Treasury bonds...............
Total......................
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year................
1 to 5 years.................
5 to 10 years................
10 to 15 years...............
15 to 20 years...............
20 years and over.............
Total......................
Maturity classes (final
maturity):
Within 1 year................
1 to 5 years.................
5 to 10 years................
10 to 15 years...............
15 to 20 years...............
20 years and over.............
Total......................
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,593
commer
cial
banks
2/
478
mutual
savings
banks
2/
Insurance companies
290
life
State and local
486
governments
savings 467
445 fire, and loan corpo
189
pension
casualty, associa rations 316
general and re
and
tions
funds
tirement
marine
funds
107,941
128,385
33,224
38,490
51,433
12,552
4,093
34,845
2,411
163
1,053
474
45
274
2,196
196
1,276
700
82
1,467
492
269,550'
102,474
41,349
1,690
2,515
2,171
144,064
78,638
25,487
11,748
5,790
3,824
269,550
54,113
27,516
12,314
5,652
1,867
1,012
102,474
12,285
22,851
5,006
743
420
45
41,349
418
748
188
98
140
99
1,690
136
491
544
436
560
349
2,515
142,864
77,165
26,960
5,704
11,754
5,103
53,614
27,236
12,593
2,975
4,481
1,575
12,206
22,779
5,077
449
576
262
406
719
217
50
195
102
269,550
102,474
41,349
1,690
2,041
1,610
2,856
311
4,777
563
821
455
222
77
33
2,171
448
937
342
160
133
20
2,041
97
209
825
254
771
359
539
783
494
84
232
41
2,515
2,171
Held by
all
other
inves
tors 2/
8,159
142
146
834
1,122
103,252
2,813
1,601
301
38
23
1
4,777
5,408
1,706
535
221
148
140
8,159
307
120
97
388
163
47
1,122
67,575
21,848
5,704
3,789
2,259
2,078
103,252
436
913
366
68
230
29
2,810
1,582
320
33
20
12
5,345
1,624
617
150
260
162
215
80
138
120
483
86
67,198
21,239
6,312
1,521
4,506
2,476
2,041
4,777
8,159
1,122
103,252
3,9a
3,138
1,081
59,180
31,897
12,175
Footnotes at end of Table TS0-6.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Far values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual maturing:
June
1974........
July
1974........
Aug.
1974........
Sept.
1974........
Oct.
1974........
Nov.
1974........
Dec.
1974........
Jan.
1975........
Feb.
1975........
Mar.
1975........
Apr.
1975........
May
1975........
Tax anticipation:
June
1974
Total Treasury Bills,
Footnotes at end of Table TSO-6.
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
Insurance companies
5,593
commer
cial
banks
2/
478
mutual
savings
banks
2/
290
life
19,008
20,834
23,624
9,011
10,821
9,308
1,803
1,802
1,802
1,801
1,801
1,802
7,735
7,796
8,467
2,990
3,456
3,110
838
738
925
866
746
586
715
407
562
457
409
365
56
291
185
207
91
257
17
36
22
33
9
10
4
7
4
6
11
2
19
9
9
*
1
*
1
4.522
107,941
236
34,4^0
91
4,093
1
1^3
4
45
-
2
-
486 •
savings
445 fire, and loan
casualty, associa
and
tions
marine
43
37
35
23
18
8
1
*
*
*
*
29
196
17
8
19
11
2
5
2
4
5
6
2
*
1
82
0
ammmmAn +■
467
corpo
rations 316
general
funds
116
169
350
163
25
14
51
56
136
91
20
1,291
732
807
334
180
170
68
52
34
120
45
47
178
1,610
61
3,941
240
189
pension
and re
tirement
funds
57
27
51
2
2
1
*
*
1
*
*
_
*
142
Held by
all
other
inves
tors 2/
8,998
11,613
13,301
4,997
6,720
5,400
818
658
592
458
814
889
3.922
July 1974
71
T R E A S U R Y SURVEY OF OWNERSHIP, M A Y 31, 1Q74
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Bar values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury notes:
1974-B.....
5-5/S#
Aug.
1974-E.....
Sept.
6
Nov.
1974-A.....
5-3/4
Dec.
1974-F.....
5-7/8
Feb.
1975-A.....
5-3/4
Feb.
1975-E.....
5-7/8
5-7/8
May
1975-F.....
6
May
1975-B.....
Aug.
5-7/8
1975-C.....
Sept.
1975-G.....
8-3/8
Nov.
1975-D.....
7
Dec.
1975-H.....
7
Feb.
1976-F.....
5-7/8
Feb.
1976-A.....
6-1/4
Mar.
8
1976-H.....
May
1976-E.....
5-3/4
May
1976-B.....
6 -1/2
June
1976-1.....
8-3/4
Aug.
1976-G.....
6 -1/2
Aug.
1976-C.....
7-1/2
1976-D.....
Nov.
6-1/4
Feb.
1977-A.....
8
May
1977-C.....
6-7/8
1977-B.....
Aug.
7-3/4
Feb.
1978-A.....
6-1/4
Aug.
1978-C.....
8-3/4
6
1978-B.....
Nov.
1979-A.....
Aug.
6-1/4
6-5/8
Nov.
1979-B.....
Nov.
1979-C.....
7
6—7/8
May
1980-A.....
Feb.
1981-A.....
7
Oct.
1974-EO....
1 -1/2
Apr.
1975-EA....
1 -1/2
1 -1/2
Oct.
1975-EO....
Apr.
1 -1/2
1976-EA....
1 -1/2
Oct.
1976-EO....
Apr.
1 -1/2
1977-EA....
1 -1/2
Oct.
1977-EO....
Apr.
1 -1/2
1978-EA....
1 -1/2
Oct.
1978-EO....
1979-EA....
Apr.
1 -1/2
Total Treasury notes..........
Treasury bonds:
3-7/8#
Nov.
1974......
May
1975-85....
4-1/4
1978-83....
June
3-1/4
Feb.
1980......
4
1980......
Nov.
3-1/2
Aug.
1981......
7
Feb.
1982......
6-3/8
Aug.
1984......
6-3/8
May
1985......
Nov.
1986......
8#
1987-92....
Aug.
4-1/4
Feb.
1988-93....
4
7-1/2
Aug.
1988-93....
May
4-1/8
1989-94....
Feb.
1990......
3-1/2
Feb.
1993......
6-3/4
May
1993-98....
7
May
8-1/2
1994-99....
Feb.
1995......
3
Nov.
1998......
3-1/2
Total Treasury bonds.........
Total marketable public
debt
Footnotes at end of Table TSO-6.
Total
amount
outstand
ing 1 /
10,284
2,060
5,442
2 ,1 0 2
4,015
1 ,2 2 2
1,776
6,760
7,679
2 ,0 4 2
3,115
1,731
4,945
3,739
1,532
2,802
2,697
2,701
3,883
4,194
4,325
5,163
2,565
4,918
8,389
2,431
8,207
4,559
1,604
2,241
7,265
U. S. Govern
ment ac
counts and
Federal
Reserve
banks
5,981
237
2,225
170
1,572
116
159
4,523
2,813
95
759
331
1,422
2,863
61
584
827
718
1,930
1,674
320
5,593
commer
cial
banks
2/
1,747
790
1,177
996
980
620
845
775
2,736
858
1,012
878
1,976
326
636
1,183
633
783
1,019
939
1,906
757
1,225
1,341
1,902
824
1,841
825
228
1,215
772
1,093
128,385
3,069
483
1,645
3,376
660
3,609
1,773
1,108
373
5,531
431
_
.
.
_
51,433
34,845
1,213
1,200
1,473
2,572
1,896
807
2,702
2,353
935
1,216
3,661
226
1,914
1,442
3,883
627
692
587
807
3,017
33,224
142
499
279
861
753
408
1,078
1,375
225
877
1,433
70
1,122
551
1,133
172
255
308
137
876
12,552
180
79
72
180
103
43
547
227
47
97
104
8
241
20
126
77
188
29
11
34
2,411
269,550
102,474
41,349
1,8 4 2
42
8
30
27
11
5
17
15
3
1
1
1
1
*
1
*
*
*
1
*
478
mutual
savings
banks
2/
69
27
37
19
27
6
Insurance companies
445 fire,
casualty,
and
marine
290
life
11
2
6
2
77
7
*
*
63
34
4
60
41
15
50
24
31
25
12
66
15
51
24
16
1
10
62
8
32
27
34
24
28
36
38
52
24
38
93
*
36
3
*
2
3
*
*
3
38
1
*
7
38
20
1
46
36
34
1
*
7
45
3
*
2
*
3
*
1
1
*
_
_
_
1,053
18
_
6
_
*
8
6
31
18
82
11
6
99
23
36
40
52
496
61
115
28
79
359
163
158
79
194
10
108
130
29
42
119
99
23
95
147
190
53
57
67
188
29
11
20
14
80
15
10
308
106
30
85
268
6
26
1,436
752
1,652
750
1,026
195
513
1,135
2
852
1,151
*
316
6
1
2
2
824
477
718
794
1,072
985
650
37
19
2
20
10
22
41
89
9
106
119
50
31
26
79
58
14
69
8
36
50
69
94
36
83
140
22
26
11
100
40
125
37
14
200
6
72
46
47
18
37
9
171
33
100
110
108
51
165
55
9
59
40
25
*
12
1
20
15
54
43
28
59
42
23
5
1
12
*
*
1
*
*
1,276
45
24
38
97
55
5
474
11
39
282
128
371
3
18
17
189
9
132
29
8
52
531
20
8
2
24
324
2,196
1,690
2,515
103
179
49
3
31
94
45
1
-
8
7
_
1
1
2
9
*
1,467
22
12
24
67
40
13
7
47
1
48
8
28
28
27
4
127
5
10
21
66
3
2
6
9
23
700
25
100
4
4
6
14
492
2,171
2,041
22
-
13
2,856
*
*
*
3,138
184
3
19
8
12
*
23
27
*
3
4
80
63
82
208
110
4
25
58
20
10
102
2
3
2
Held by
all
other
inves
tors Jj
9
*
5
*
15
3
*
19
4
48
47
*
274
2
12
28
37
22
9
27
19
12
8
31
4
22
3
93
43
2
1
11
88
State and local
486
imvornnwn'ha
f®iv
iH
Ti50
ers 467
8Q>
IU
189
and loan corpo
pension
associa rations 316
general and re
tions
funds tirement
funds
3
3
6
*
3
1
1 ,3 8 6
1 ,4 2 8
1,701
1 ,1 8 2
501
1,606
2,503
806
2,2 4 2
7
*
3
3
1,716
1
-
210
146
8
8
2
6
2
2
1
216
320
704
29
4
17
31,897
311
20
121
5
15
7
49
92
1,081
9
3
22
3
224
11
43
81
84
40
22
17
23
24
834
526
377
609
953
391
334
858
592
346
205
1,456
87
431
672
1,703
158
184
214
537
1,542
12,175
4,777
8,159
1,122
103,252
-
5
*
1
10
12
-
*
1
6
6
21
92
- 41
35
37
1
Treasury Bulletin
72
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1974,
Table TSO-4. - Interest-Bearing Nonmarketable Public Debt Securities by Type
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Type
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
(J.t>. saving Donas:
Series E.....................
Series H.....................
Total U.S. savings Bonds........
IT
aa c»i +ioc*
Certificates of indebtedness:
Foreign Series................
Foreign Currency Series.........
R.E.A. series.................
Treasury certificates............
Treasury notes:
Foreign Series................
Foreign Currency Series.........
Other.......................
Depositary bonds................
Treasury bonds:
R.E.A. series.................
Investment Series B............
Other.......................
State and local Government
Series:
Certificates of indebtedness.......
Treasury notes................
Treasury bonds................
U.S. retirement plan bonds........
U.S. savings notes..............
Total other U.S. securities.......
39
208
295
74
475
30,247
2,056
Total nonmarketable public
debt securities...............
91,905
2,056
53,979
7.679
61,658
*
*
*
10,190
127
4
550
_
_
_
_
_
_
_
1 4 ,2 1 0
1,472
59
16
8
2,271
250
5,593
commer
cial
banks
Z/
_
-
478
mutual
savings
banks
Z/
-
-
_
_
_
_
_
_
_
16 1/
_
_
_
_
_
_
_
_
Insurance companies
290
life
445 fire,
casualty,
and
marine
486
savings
and loan
associa
tions
*
_
_
*
*
*
*
*
_
_
_
_
_
_
_
_
_
16
_
_
_
_
_
_
_
_
_
_
21
_
-
State and local
governments
467
189 pen
corpo 336
sion and
rations general retire
funds
ment funds
Held by
all
other
inves
tors 2/
*
*
*
*
*
*
*
*
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
2
_
*
12
57
8
85
250
53,979
7.678
61,658
10,190
127
/
550
14,210
1,472
59
2,056
-
18
_
_
4
_
-
_
_
_
_
-
_
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
34 5/
4
16
21
2
*
12
57
39
208
295
74
475
28,045
34 V
4
16
22
3
*
12
58
89,701
footnotes at end of Table TSO-6.
Table TSO-5. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Type
Export-Import Bank:
5.30#
Feb. 1975 (Debentures),
5.70
Dec. 1976 (Debentures),
6-1/4
Aug. 1977 (Debentures),
6.45
Feb. 1978 (Debentures),
8.35
Aug. 1978 (Debentures).
7.30
Nov. 1978 (Debentures).
7
Mar. 1979 (Debentures).
6.60
May. 1979 (Debentures).
Issues to State and Local Govts.
(Mtg. Backed Bonds) 8/......
Participation certificates.....
Total.... .................
Federal Housing Administration:
(Debentures)................
Government National Mortgage
Association:
Participation certificates.....
Postal Service:
6 - 7 / 8 # Feb7 1982-97 (Bonds)...
Tennessee Valley Authority:
Short-term notes.............
8#
June 1974 (Bonds)__
8-3/4
June 1975 (Bonds)....
7-1/4___ July 1976 (Bonds)....
8.10
Apr. 1979 (Bonds)....
4.40
Nov. 1985 (Bonds)....
4-5/8
July 1986 (Bonds)....
4-1/2
Feb. 1987 (Bonds)__
5.70
May 1992 (Bonds)__
6-3/8
Nov. 1992 (Bonds)__
8-1/4
Oct. 1994
(Bonds)___
9
Mar. 1995
(3onds)....
9-1/4
June 1995
(Bonds)___
7.30
Oct. 1996
(Bonds)....
Footnotes at end of Table TS0-6.
Total
amount
outstand
ing 1/2/
300
300
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
27
23
5,593
commer
cial
banks
1/
400
6
300
300
300
400
200
22
112
108
114
131
127
170
15
30
100
143
253
478
mtual
savings
banks
l/
1
6
57
4,370
1,695
484
161
250
25
10
19
421
97
26
6
3
14
11
1
6
4
6
1,020
13
14
8
45
89
45
57
2
1
*
1
100
3
8
3
15
2
2
40
113
277
9
21
11
4
1
5
3
23
178
101
194
85
81
78
217
40
143
14
36
235
958
136
68
108
700
896
20
167
12
283
82
33
80
82
4
10
2
4
1
1
Held by
all
other
inves
tors 2/
125
17
69
50
50
45
70
60
100
50
150
13
83
131
100
100
State and local
governments
467
189 Pen
corpo 316
sion and
rations general retire
funds ment funds
20
76
410
50
290
life
486
445 fire, savings
casualty, and loan
associa
and
tions
marine
12
32
54
5
2,897
100
Insurance companies
29
28
22
21
11
12
3
5
7
12
17
16
40
45
80
86
43
122
73
July 1974
mmmJ TREASUR Y SURVEY OF O W N E R SH IP ,M A Y 31, 1974_____________
Table TSO-5. - Securities Issued by Government Agencies—C on tinu ed
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Tennessee Valiev Authority
(Continued):
Jan. 1997 (Bonds).....
7%
1997 (Bonds).....
7.35 May
7.35 July 1997 (Bonds).....
7.40 Oct. 1997 (Bonds).....
7.35 Jan. 1998 (Bonds).....
7.35 Apr. 1998 (Bonds).....
7-3/4 July 1998 (Bonds).....
7.70 Oct. 1998 (Bonds). . . .
8.05 Jan. 1999 (Bonds).....
Total.
Total Government agency securities
Total
amount
U.S. Govern
outstand ment ac
ing 1/1/ counts and
Federal
Reserve
banks
150
150
150
150
100
150
150
100
100 2/
2,646
"
10,573
-
98
2,006
State and local
governments
Insurance companies
5,593
commer
cial
banks
2/
478
mutual
savings
banks
l/
6
4
3
3
3
21
32
44
5
185
16
16
19
21
16
7
7
1
157
1,734
416
290
life
486
445 fire, savings
casualty, and loan
associa
and
tions
marine
1
2
2
5
2
1
2
*
33
2
-
*
1
*
1
8
_______
207
159
467
corpo
rations
1
10
9
3
4
189
316
pension
general and re
funds
tirement
funds
2
1
*
3
1
3
1
1
26
—— ———
-
1
51
249
5
1
3
-
2
-
24
— —
368
345
Held by
all
other
inves
tors 3/
2
10
5
2
3
4
19
*
2
189
116
106
109
113
71
113
86
55
90
1,876
1,056
4,033
Footnotes at end of Table TSO-6.
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 Treasury Survey
Issue
Total
amount
outstand
ing
Banks for cooperatives:
621 2/
8.80% June 1974 (Debentures)....
469
7.95 July 1974 (Debentures)....
569 2/
8.15 Aug. 1974 (Debentures)....
348
7.15 Sept. 1974 (Debentures)....
8.20 Oct. 1974 (Debentures)....
280 2/
212
8.65 Nov. 1974 (Debentures)....
7.70 Apr. 1977 (Debentures)....
200 2/
2,700
Total.
Farmers Home Administration:
200
8-7/8% Jan. 1975 (Insured notes).
150
6-5/8 Aug. 1976 (Insured notes).
400
6.35 Mar. 1977 (Insured notes).
300
6.45 June 1977 (Insured notes).
400
6-7/8 Aug. 1977 (Insured notes).
6.55 Dec. 1977 (Insured notes).
403
300
7.20 Mar. 1978 (Insured notes).
1978 (Insured notes).
301
7-1/4 May
301
7.35 July 1978 (Insured notes).
300
7.30 Dec. 1978 (CB0)........
1980
(Insured
notes).
150
8.90 Jan.
300
7
Nov. 1980 (Insured notes).
200
6.40 Mar. 1981 (Insured notes).
250
7-7/8 June 1981 (Insured notes).
350
7.10 Jan. 1982 (Insured notes).
300
8-5/8 July 1985 (Insured notes).
150
7-1/2 Aug. 1986 (Insured notes).
201
7-1/8 Dec. 1987 (Insured notes).
201
7-1/2 Mar. 1988 (Insured notes).
1988 (Insured notes).
200
7-1/2 May
200
7-3/4 Dec. 1988 (CB0)........
200
Apr. 1989 (CB0)........
9
5,758
Total.
Federal Home Loan Banks:
161
Discount Notes.................
400
1974 (Bonds)....
5-3/8% Aug.
1974 (Bonds)....
Aug.
7.65
173
800
9-5/8 Aug.
1974 (Bonds)....
Nov.
1974 (Bonds).... 1,000
7.05
217
8
Nov.
1974 (Bonds)....
400
1975 (Bonds)....
5-7/8 Feb.
250
6.10
Feb.
1975 (Bonds)....
500
8.20
Feb.
1975 (Bonds)....
300
Feb.
1975 (Bonds)....
6.80
700
May
1975 (Bonds)....
7.15
1975 (Bonds)....
265
May
8.05
400
Aug.
1975 (Bonds)....
7.15
500
7-7/8 Aug.
1975 (Bonds)....
300
1975 (Bonds)....
Aug.
7.95
350
1975 (Bonds)....
6-1/2 Nov.
Footnotes at end of table.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
governments
Insurance companies
5,593
commer
cial
banks
2/
478
mutual
savings
banks
2/
290
life
486
445 fire, savings
casualty, and loan
associa
and
tions
marine
467
corpo
rations
189
316
pension
general and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
441
9
4
11
1
5
2
1
32
1
1
1
1
3
1
2
1
*
4
13
12
8
7
6
2
1
49
2
2
5
*
1
14
25
136
99
126
55
6
12
5
440
1
1
369
278
350
231
213
166
88
1,696
11
7
9
4
1
27
6
8
9
15
31
2
1
9
23
17
179
65
79
91
115
140
125
95
107
106
175
12
78
66
57
77
14
7
28
1
16
49
28
1,532
2
6
22
18
36
30
21
2
12
2
2
25
9
37
36
21
16
31
30
7
10
375
1
1
1
1
3
4
2
*
1
1
2
6
5
5
1
1
2
2
*
2
42
5
*
3
2
1
1
1
1
2
1
6
6
6
3
2
4
1
*
1
46
4
1
18
8
4
5
4
1
2
2
1
45
28
19
9
10
2
14
19
48
3
8
5
*
1
1
12
2
1
22
4
1
4
27
10
9
9
3
43
46
46
60
50
1
19
332
107
55
233
138
192
229
167
151
158
100
78
103
67
106
186
117
72
76
87
64
122
108
2,718
n.a.
12
8
48
34
9
1
100
6
6
n.a.
76
23
84
249
42
150
60
153
92
196
38
121
126
54
79
n.a.
18
10
8
21
8
18
10
13
7
19
15
9
12
17
20
n.a.
1
6
*
*
*
*
n.a.
1
1
1
2
1
2
5
1
2
1
11
1
2
1
3
10
3
20
11
18
5
8
8
5
20
23
28
3
6
17
56
4
2
*
5
1
6
259
"
n.a.
26
4
109
86
7
27
5
12
12
52
3
18
38
n.a.
2
1
1
1
1
*
161
215
113
558
448
143
121
136
266
152
235
174
188
236
164
175
4
1
4
1
10
44
11
87
73
67
49
49
25
91
254
n.a.
29
21
18
124
16
27
26
12
18
39
25
21
33
16
50
n.a.
22
1
12
21
20
2
35
16
56
36
47
7
4
5
Treast,
EASURY SURVEY OF OWNERSHIP, May 31, 1974
e 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 Treasuiy Survey
U.S. Govern
Total
ment ac
amount
outstand counts and
Federal
ing
Reserve
banks
Insurance companies
5,593
commer
cial
banks
2/
478
mutual
savings
banks
2/
486
savings 467
445 fire, and loan corpo
casualty, associa rations
and
tions
marine
290
life
600
700
300
300
600
300
500
500
200
300
600
300
300
500
400
300
350
200
200
188
400
300
23
25
8
*
13
7
18
8
2
14
22
_
6
21
13
34
40
14
8
14
29
7
198
129
75
72
215
110
151
210
46
97
161
86
134
181
102
125
46
40
59
42
143
83
5
10
6
4
13
10
13
10
13
6
24
5
8
11
7
4
14
14
14
13
1
6
1
*
*
200
-
62
3
2
1
*
6
*
-
-
1
*
1
1
*
1
1
*
1
1
1
1
*
4
*
1
4
1
4
2
*
1
3
2
*
1
1
-
29
27
31
3
31
13
22
28
12
13
26
12
13
31
18
11
15
7
2
1
23
3
*
-
10
-
_
-
State and local
governments
es-
316
genera?
funds
sy
77
12
*
4
74
11
24
28
1
5
34
6
8
31
10
13
12
2
2
*
46
4
234
487
168
209
186
126
248
156
108
159
319
147
108
179
243
111
218
120
112
114
138
188
31
7
10
5
113
-
68
23
20
54
18
5
8
41
18
42
-
2
2
8
8
400
17
163
3
-
1
19
-
192
350
15
83
11
2
2
46
11
176
140
-
5
14
2
-
5
-
110
150
-
6
12
10
-
4
-
100
150
-
12
11
1
2
4
7
75
393
16,838
-
-
_
-
-
-
_
637
4,377
467
32
69
937
663
4
4
2
3
7
8
30
1
2
10
2
43
117
111
66
121
75
100
103
119
134
96
110
91
111
69
87
188
1,582
6
9
5
8
13
20
19
10
4
12
17
15
8
1
9
156
2
1
1
-
2
2
2
1
1
3
2
2
1
1
1
5
23
10
6
9
18 •
15
31
15
9
11
27
23
12
15
229
16
3
26
3
10
10
11
6
10
1
5
5
2
12
32
154
5
9
5
6
8
6
4
13
7
10
6
16
3
12
12
4
7
15
17
15
8
2
14
3
14
5
5
*
3
8
19
9
5
5
5
50
9
10
5
19
2
28
15
2
24
13
14
25
9
2
7
48
13
27
15
2
4
35
4
15
8
35
7
1
13
10
4
2
10
657 2/
2242/
713 2/
590 2/
533 2/
667 2/
772 2/
795 2/
240 2/
6212/
6912/
3022/
262 2/
2362/
406 2/
7,7082/
148
326
300
300 2/
220
200
300 2/
425
300 2/
300
3622/
300
123
373
400 2,
150
360
450
565 2/
550
300
150
269
550
509 2
3002
27
18
*
-
7
26
28
-
2
-
3
29
34
-
29
-
2
12
16
10
36
88
78
75
26
22
59
129
61
56
115
88
14
107
96
12
110
141
139
131
106
19
91
213
56
87
f
-
1
-
*
-
1
4
-
3
1
14
38
2
1
*
1
3
*
4
*
6
2
1
3
-
*
1
1
1
2
1
1
7
5
4
1
2
9
2
6
10
-
-
1
2
2
*
*
*
-
1
*
2
1
-
*
6
*
12
1
*
6
24
7
12
*
4
20
96
10
26
393
1,227
84
12
33
61
61
76
61
78
13
14
41
11
13
8
_____8 _
575
3
13
13
8
5
31
31
7
3
6
10
1
4
10
12
8
26
8
15
55
1
13
7
15
19
18
>328
431
105
511
433
337
434
539
524
71
473
522
122
143
112
95
,852
76
178
158
166
163
115
191
186
212
207
186
136
90
210
245
112
181
217
336
295
145
95
75
July 1974
.T R E A S U R Y S U R V E Y OP O W N E R S H IP , M ay 31, 1974____________
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
Issue
Total
amount
outstand
ing
Federal Land Banks (Continued):
6.85 Apr.
235
1979 (Bonds)....
7.15 July
1979 (Bonds)....
389 2/
6.80 Oct*
400
1979 (Bonds)....
6.70 Jan.
1980 (Bonds)....
300
1980 (Bonds)....
250
7-1/2 July
6.70 Apr.
1981 (Bonds)....
224
200
6.90 Apr.
1982 (Bonds)....
7.30 Oct.
1982 (Bonds)....
239
300
7.30 Oct.
1983 (Bonds)....
Total,
11,067 9/
Mortgage Association
Discount Notes
3,019
5.70# June
350
1974 (Debentures).
7.90 June
(Debentures).
400
1974
300
5.65 Sept. 1974 (Debentures).
250
7.85 Sept. 1974 (Debentures).
6.10 Dec.
250
1974 (Debentures).
450
6.45 Dec.
1974 (Debentures).
600
6.35 Mar.
1975 (Debentures).
300
7.55 Mar.
1975 (Debentures).
500
1975 (Debentures).
5-1/4 June
6.30 Sept. 1975 (Debentures).
650
7.50 Sept. 1975 (Debentures).
350
5.70 Dec.
500
1975 (Debentures).
300
8.25 Dec.
1975 (Debentures).
1976 (Debentures).
500
5.65 Mar.
7-1/8 Mar.
1976 (Debentures).
400
1976 (Debentures).
450
5.85 June
6.70 June
1976 (Debentures).
250
500
5.85 Sept. 1976 (Debentures).
300
6-1/8 Sept. 1976 (Debentures).
1976 (Debentures).
500
6.25 Dec.
1976 (Debentures).
300
7.45 Dec.
1977 (Debentures).
4-1/2 Feb.
198
6.30 Mar.
500
1977 (Debentures).
400
7.05 Mar.
1977 (Debentures).
6.50 June
1977 (Debentures).
150
250
6-3/8 June
1977 (Debentures).
7.20 June
1977 (Debentures).
500
6-7/8 Sept. 1977 (Debentures).
300
400
7.85 Sept. 1977 (Debentures).
500
1977 (Debentures).
7-1/4 Dec.
500
7.55 Dec.
1977 (Debentures).
1978 (Debentures).
600
7.15 June
550
7.15 Sept. 1978 (Debentures).
300
1978 (Debentures).
6.75 Dec.
500
7.25 Mar.
1979 (Debentures).
300
7.85 June
1979 (Debentures).
300
6.40 Sept. 1979 (Debentures).
350
6.55 Dec.
1979 (Debentures).
1980 (Debentures).
6-7/8 Mar.
250
400
7.50 Sept. 1980 (Debentures).
6.60 Dec.
1980 (Debentures).
300
1981 (Debentures).
350
7.05 Mar.
1981 (Debentures).
250
7-1/4 June
250
7-1/4 Sept. 1981 (Debentures).
1981 (Debentures).
250
7.30 Dec.
1982 (Debentures).
250
6.65 June
6.80 Sept. 1982 (Debentures).
200
1982 (Debentures).
300
7.35 Dec.
200
6.75 June
1983 (Debentures).
7.30 June
300
1983 (Debentures).
250
6.75 Sept. 1983 (Debentures).
June
(Debentures).
200
1984
6-1/4
6.90 Dec.
250
1984 (Debentures).
Mar.
1992 (Debentures).
200
7
1992 (Debentures).
200
7.05 June
7.10 Dec.
1982-97(Debentures).
200
8
Apr.
1975 (Capital
Debentures).
200
1996 (Capital
4-3/8 Oct.
Debentures).
248
1982-97(Capital
7.40 Oct.
250
Debentures).
8-3/8 June
1975 (Mtg. Backed
Bonds)..............
250
Oct.
1980-90(Mtg. Backed
Bonds)..............
200
Issues to State and Local Governments
(Mtg. Backed Bonds) 8/,
552
District of Columbia::
Dec.
1970-79 (Bonds). .
4.20#
Footnotes on following page.
State and local
486
governments
savings
467
445 fire, and loan corpo
189
casualty, associa rations 316
pension
and
tions
general and re
marine
funds tirement
funds
Insurance companies
5,593
commer
cial
banks
2/
478
mutual
savings
banks
2/
10
32
33
5
11
2
3
47
28
415
45
157
150
102
92
49
30
32
78
2,894
18
9
31
14
4
14
26
8
3
351
38
39
33
11
55
62
46
32
51
30
13
5
21
5
30
5
62
29
54
28
5
14
2
8
50
36
44
14
27
32
12
44
27
60
19
35
8
82
40
4
21
30
21
12
8
50
19
49
48
17
39
24
12
7
192
97
69
77
31
107
166
210
92
123
153
65
139
101
129
162
121
48
157
95
155
51
17
123
109
52
67
180
70
91
165
186
154
119
106
200
121
124
114
64
203
112
73
41
41
104
49
54
171
34
82
41
41
19
10
27
13
31
5
20
10
10
9
16
21
11
11
23
18
15
5
13
6
9
14
24
15
15
20
6
24
8
10
11
2
9
4
6
19
11
11
18
6
4
21
38
26
4
25
8
13
19
8
30
13
5
13
3
31
18
18
34
13
18
-
34
-
4
290
life
*
*
1
2
6
3
*
1
405''
*
_
1
*
1
1
*
1
1
*
*
*
*
*
3
6
2
1
2
1
10
*
6
5
2
1
2
4
8
*
3
4
4
2
1
4
1
2
1
2
*
*
*
4
5
1
*
1
*
13
*
*
2
1
1
7
3
1
1
3
4
3
3
2
1
1
2
2
1
1
2
1
1
1
2
3
*
33
23
20
29
16
15
22
36
21
93
57
30
52
6
84
22
66
33
51
27
58
11
16
56
45
10
15
33
20
24
51
31
82
88
7
45
1
16
15
5
2
2
2
10
8
5
10
4
*
9
3
11
12
10
4
12
9
233
18
10
2
5
5
44
10
28
15
8
24
58
6
22
11
2
31
13
_
20
5
12
_
35
22
51
61
8
14
2
45
32
*
_
20
1
_
2
5
3
2
1
3
10
7
4
_
5
5
825
12
43
11
24
6
8
5
7
13
2
5
5
15
7
1
4
2
6
2
10
9
6
6
34
*
3
26
1
20
22
28
26
41
3
16
2
3
3
8
16
7
2
1
2
8
1
13
62
2
14
3
3
3
1
5
3
1
10
*
1
3
*
*
1
1
*
14
28
14
10
1
1
18
2
23
_
113
2
1
1
8
20
2
*
211
1
1
32
*
*
*
1
1
*
1
_
1
1
*
*
1
2
7
*
*
-
-
15
1
14
2
15
2
-
25
445
6
24
13
13
5
7
*
8
13
432
4
2
*
2
1
4
1
5
*
*
*
5
101
-
2
14
3
4
Held by
all
other
inves
tors 2/
-
1
7
51
5
-
*
5
2
1
*
*
*
*
*
7
_
_
_
2
4
*
1
-
136
152
153
152
116
143
137
142
140
5,939
1,662
149
200
158
157
111
174
214
111
195
343
191
249
110
236
182
207
145
166
131
194
178
114
276
176
75
145
173
149
195
188
146
286
262
113
158
80
116
142
133
71
110
258
152
143
97
141
104
11
112
135
106
103
159
103
99
125
25
27
60
5
*
10
1
2
25
94
3
20
6
*
*
11
8
76
6
119
27
6
17
1
4
5
-
1
29
111
24,317
1,620
5,810
920
56
130
1,531
950
552
2,07j
161
11,067
20
-
*
3
*
1
5
—
1
2
8
ir\
i
to
Total,
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
76
Treasury Bulletin
.TREASURY SURVEY OP OWNERSHIP, MAY 31, 1Q74
Footnotes to Treasury Survey of Ownership Tables
1/ 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/ Includes trust departments.
2/ Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
ij 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.
includes $8 million depositary bonds held by commercial banks not in
cluded in the Treasury Survey.
6/ 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 fcr 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.
n.a. Not available.
77
July 1974
M A R K E T Q U O T A T I O N S O N T R E A S U R Y SECURITIES J U N K
Current market quotations shown here are over-the-
30, 1871
listed include all regularly quoted public marketable ?ecu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury,
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Securities
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
Issue date
13-week
26-week
13-week
26-week
$ 2,501
2,501
2,503
2,501
2,503
2,501
2,601
2,604
2,604
2,602
2,603
2,611
2,592
$ 1,803
1,810
1,811
1,798
1,803
1,802
1,799
1,797
1,802
1,805
1,802
1,901
1,901
1,910
1,902
1,904
1,901
1,902
1,901
1,902
1,901
4/4/74
4/11/74
4/18/74
4/25/74
5/2/74
5/9/74
5/16/74
5/23/74
5/30/74
6/6/74
6/13/74
6/20/74
6/27/74
1/3/74
1/10/74
1/17/74
1/24/74
1/31/74
2/7/74
2/14/74
2/21/74
2/28/74
3/7/74
3/14/74
3/21/74
3/28/74
4/4/74
4A1/74
4/18/74
4/25/74
5/2/74
5/9/74
5/16/74
5/23/74
5/30/74
6/6/74
6/13/74
6/20/74
6/27/74
1,903
1,904
1,903
1,901
1,892
Bank discount
Maturity
date
Bid
Change from
last month
8.55
7.91
7.91
7.91
7.87
7.87
7.87
7.89
7.86
7.78
7.80
7.72
7.34
7.85
7.85
7.88
7.88
7.84
7.93
7.93
7.93
7.93
7.94
7.94
7.77
7.92
7/5/74
7/11/74
7/18/74
7/25/74
8/1/74
8/8/74
8/15/74
8/22/74
8/29/74
9/5/74
9/12/74
9/19/74
9/26/74
10/3/74
10/10/74
10/17/74
10/24/74
10/31/74
11/7/74
11/14/74
11/21/74
11/29/74
12/5/74
12/12/74
12/19/74
12/26/74
Amount
outstanding
(millions)
Issue
date
one-year
one-year
$ 1,802
1,804
1,805
1,802
1,802
1,801
+.59
-.05
-.05
-.04
-.12
-.12
-.12
-.18
-.22
-.41
-.39
-.52
-.88
-.44
-.44
-.41
-.41
-.44
-./3
-.36
-.37
-.36
1,803
1,802
1,802
1,801
1,801
1,802
1,802
7/31/73
10/9/73
8/28/73
9/25/73
10/23/73
11/20/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
Bank disount
Maturity
date
Bid
7/2/74
7/30/74
8/27/74
9/24/74
10/22/74
11/19/74
12/17/74
1/14/75
2/11/75
3/11/75
4/8/75
5/6/75
6/3/75
8.57
7.91
7.86
7.67
7.88
7.93
7.97
8.01
8.16
8.25
8.25
8.26
8.27
Change from
last month
+.57
-.04
-.21
-.56
-.37
-.35
-.25
-.19
-.07
+.01
+.04
+.11
_
_
_
_
Table MQ-2. - Treasury Notes
(Price decimals are 32 ds)
Price
Amount
outstanding
(millions)
$10,284
2,060
5,442
2,102
4,015
1,222
6,760
1,776
7,679
2,042
3,115
3,739
1,731
4,945
1,532
2,697
2,802
4,194
3,883
2,703
4,325
5,163
2,565
4,918
8,389
2,462
8,207
4,559
1,604
2,241
7,265
1,842
42
8
30
Description
Bid
5-5/8#
6
5-3/4
5-7/8
5-3/4
5-7/8
6
5-7/8
5-7/8
8-3/8
7
6-1/4
7
5-7/8
8
6-1/2
5-3/4
7-1/2
6-1/2
8-3/4
6-1/4
8
6-7/8
7-3/4
6-1/4
8-3/4
6
6-1/4
6-5/8
7
6-7/8
7
1-1/2
1-1/2
1-1/2
Footnote at end of Table MQ-3.
_
_
_
_
_
_
_
_
-
_
_
_
_
-
_
_
_
_
-
_
_
_
_
_
-
8/15/74-B
9/30/74-E
11/15/74-A
12/31/74-F
2/15/75-A
2/15/75-E
5A5/75-B
5/15/75-F
8/15/75-C
9/30/75-G
11/15/75-D
2/15/76-A
12/31/75-H
2/15/76-F
3/31/76-H
5/15/76-B
5/15/76-E
8/15/76-C
8/15/76-G
6/30/76-1
ll/l5/76-D
2/l5/77-A
5/15/77-C
8/15/77-B
2/l5/78-A
8/l5/78-C
11/15/78-B
8/15/79-A
11/15/79-B
ll/l5/79-C
5/15/80-A
2/15/81-A
10/1/74-E0
4/1/74-EA
10/1/75-E0
99.17
99,08
98.25
98.16
98.02
98.04
97.19
97.16
96.27
99.25
98.08
96.18
98.02
96.00
99.12
96.28
95.15
98.08
96.06
100.14
95.09
99.13
96.05
98.14
93.14
101.04
91.16
91.20
93.02
94.14
93.22
93.26
97.06
94.04
91.06
Yield
Change
from last
month
To
maturity
+.09
+.09
+.09
+.09
+.04
+.04
-.03
.00
+. 0 1
-.03
+.02
-.05
+.03
-.02
-.07
-.04
-.05
-.13
-.13
-.15
9.33
8.98
9.09
9.04
9.01
9.03
8.93
8.92
8.89
8.56
8.38
8.56
-.14
-.17
-.17
-.20
-.25
-1.04
-.30
-1.12
-.28
-.25
-.24
-.23
+,14
+.08
+. 1 0
8 .4 1
8.57
8.39
8.34
8 .4 2
8 .4 2
8.50
8.51
8.49
8.26
8.41
8.33
8.39
8 .4 2
8.36
8.29
8.25
8.30
8.25
8.23
13.13
9.80
9.11
Change
from last
month
Issue
date
Price range since first traded 1/
Low
High
Price
Date
+.02
-.22
-.13
-.09
+.17
+.16
+.33
+.24
+.16
+.09
+.02
+.20
.00
+.16
+.15
+.15
+.19
+.24
+ .28
+ .25
+.27
+.23
+ .25
+ .24
+.30
8/15/68
10/19/72
11/15/67
12/28/72
2/15/68
10/22/71
5/15/68
4/3/72
2/15/71
9/4/73
8/15/71
2/15/69
11/15/73
8/15/72
4/9/74
5/15/69
2/15/72
10/1/69
2/15/73
5/15/74
9/8/71
2/15/70
2/15/74
8/15/70
2/15/71
103.28
100.20
106.20
3/22/71
11/16/72
3/22/71
12/21/72
3/22/71
1/14/72
3/22/71
5/30/72
3/22/71
12/17/73
1/14/72
3/22/71
2/6/74
8/9/72
5/24/74
3/22/71
2/17/72
3/22/71
2/15/73
5/?4/74
12/28/71
3/22/71
2/14/74
3/22/71
3/22/71
+ .31
+.30
+ .37
+.23
+ .20
+.18
+.16
+1.28
+.44
+.17
5/15/74
11/15/71
8/15/72
2/15/73
11/15/73
5/15/73
2/15/74
10/1/69
4/1/70
10/1/70
102.31
101.08
100.20
100.06
101.10
100.22
100.26
96.24
93.30
91.00
6/7/74
1/14/72
11/5/72
4/9/73
12/20/73
10/9/73
2/14/74
5/31/74
3/29/74
2/28/74
104.20
99.30j
104.20
102.10
105.22
101.07
105.00
102.26
106.09
106.28
100.24
100.oil
100.02
107.24
101.00
111.28
99.26
101.13
103.27
114.08
100.16
114.00
Price
Date
89.14
96.18
89.22
96.01
89.18
96.00
90.00
95.16
95.01
99.02
97.03
91.20
97.02
94.04
98.25
92.16
93.12
97.20
95.08
99.27
94.07
98.18
95.10
97.18
92.11
100.00
90.10
90.18
91.20
93.20
93.02
93.05
73.30
74.26
76.16
12/29/69
8/7/73
12/29/69
8/7/73
12/29/69
8/7/73
5/18/71
8/7/73
8/7/73
5/6/74
5/6/74
1/30/70
5/6/74
8/7/73
5/7/73
1/30/70
8/7/73
5/7/74
8/7/73
5/9/74
8/7/73
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
5/7/74
1/30/70
5/29/70
10/30/70
78
Treasury Bulletin
.M A R K E T Q U O T A T IO N S ON T R E A S U R Y S E C U R IT IE S ,J U N E 30, 1 9 7 4 _ _
Table MQ-2. - Treasury N otes—Continued
(Price decimals are 32ds)
Price
Amount
outstanding
(millions)
27
11
5
17
15
3
1
Bid
4/1/76-EA
10/l/76-E0
4/1/77-EA
10/1/77-E0
4/1/78-EA
10/1/78-E0
4/1/79-EA
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Yield
Change
from last
month
Description
8 8 .2 4
To
maturity
.06
.06
.10
.02
.04
.00
.02
86.22
84.26
83.04
80.18
79.04
77.14
Price range since first traded 1/
Issue
date
Change
from last
month
Price
+.17
+.12
+.30
+.11
+.08
+.10
+.07
8.55
8.09
7.73
7.44
7.55
7.30
7.19
High
4/1/71
10/1/71
88.24
4A/72
85.06
83.18
81.02
80.08
78.06
10/1/72
4/1/73
10/1/73
4/1/74
8 6 .2 4
Lew
Date
Price
Date
3/29/74
3/29/74
3/29/74
3/29/74
2/28/74
2/28/74
4/30/74
80.20
80.26
80.02
80.16
79.20
79.04
77.12
6/30/71
10/29/73
4/28/72
10/31/72
7/31/73
5/31/74
5/31/74
T able M Q -3. - T reasu ry Bonds
(Price decimals are 32d's)
Price
Amount
out
standing
(millions)
S
CM
d
1 ,2 0 0
1,471
2,572
1,895
807
2,702
2,353
933
1,216
3,866
3,648
226
627
1,914
1,420
801
692
2,994
588
Description
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
7 -1/2
-
4 -1/8
3
7
3 -1/2
8 -1/2
-
-
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 y
5/15/85 y
11/15/86 y
2/15/90 y
8/15/87-92 y
2/15/88-93 y
2/15/93 y
8/15/88-93 y
5/15/89-94 y
2/15/95 y
5/15/93-98 y
11 /15/98 y
5/15/94-99 ]/
Bid
96.06
75.06
72.10
81.12
77.14
95.20
90.28
91.00
72.00
88.28
72.02
72.16
72.14
86.08
94.00
72.10
72.00
88.26
72.02
103.08
Change
from
last
month
+.12
-.14
.00
-.18
-.18
+.12
-1.02
-.28
.00
-.18
+.10
+.12
+.14
-.14
-.14
+.12
+.08
-.10
+.10
.00
Yield
To first
call or
maturity
2/
8.90
7.65
7.56
8.20
8.10
7.81
8.00
7.67
6.97
7.52
1/ Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued’1 prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
6.34
6.94
6.59
8.20
8.12
6.66
5.2/
8.06
5.62
8.19
Price range since first traded 1/
Change
from
last
month
-.06
+.09
+.03
+.19
+.18
-.06
+.21
+.14
+.02
+.08
-.03
-.04
-.04
+.05
+.05
-.04
-.02
+.03
-.03
.00
Price
12/2/57
4/5/60
5/1/53
1/23/59
10/3/60
8/15/71
2/15/72
8/15/72
6/3/58
11/15/71
2/14/58
8/15/62
1/17/63
1/10/73
8/15/73
4/18/63
2/15/55
5/15/73
10/3/60
5/15/74
Low
High
Issue
date
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
104.14
100.26
101.12
99.22
95.14
104.16
Date
4/22/58
5/5/61
8/4/54
5/12/61
5/12/61
11/15/71
3/9/72
11/15/72
6/11/58
11/5/71
4/21/58
12/26/62
3/16/63
3/4/73
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
6/10/74
Price
Date
82.14
66.30
62.02
71.04
66.24
94.10
90.28
90.16
61.08
88.04
59.20
63.00
62.18
86.00
93.04
61.26
59.20
87.24
59.20
102.20
12/29/69
5/26/70
5/26/70
12/29/69
5/24/70
5/6/74
6/28/74
5/9/74
5/26/70
5/7/74
5/26/70
5/26/70
5/26/70
5/6/74
5/6/74
5/26/70
5/26/70
5/6/74
5/26/70
5/21/74
2/ On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
2/ Included in the average yield of long term taxable Treasury bonds
as shown under 11Average yields of Long-Term Bonds."
YIELDS OFTREASURY SECURITIES, JUNE 28,1974
Based on Closing Bid Quotations
1974
1975
1976
1977
1978
1979
VO
1982
1980
PERCENT
T
CENT
85
>
*
M
•
8D
■
9.5
•
75
H
v
JO
a
o
h
>
X
HH
o
25
CO
•
9.0
•
X
'80
'82
'84
'86
'90
'92
5L24
___i
'94
O
2
5.6;
'96
8.5
»
H
>
a
W
8.0
H
O
a
w
H
GO
+
7.5 —
Ch
a
as
M
LEGEND
■High coupon issues ■ 7% and higher
Fixed maturity issues
•Callable issues -plotted to earliest call date
to
oo
when prices are above par and to maturity
date when prices are at par or below
*VA% exchange notes
+ Bills - coupon equivalent
CD
1
1974
1975
1976
1977
1978
1981
1982
1984
VO
Note: The smooth curve is fitted by eye. Market yields on coupon issues due in less than 3 months are excluded.
80
Treasuiy Bulletin
________________________________ AVERAGE YIELDS OP LONG -TERM BO Nns
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Treasury
bonds 1/
Period
Feb..........
Mar..........
May..........
July..........
Sept..........
Nwr........
Dec..........
Jan..........
Mar..........
May..........
Aug..........
Oct..........
Nov..........
Dec...........
Feb..........
May..........
A*g..........
Sept..........
Oct..........
Hov........
Period
3.89 1/
3.92
3.93
3.97 V
3.97
4.00
4.01
3.99
4.04
4.07
4.11
4.14
4.15
4.14
4.18
4.20
4.16
4.13
4.13
4.14
4.16
4.16
4.12 5/
4.14
4.14
4.16
4.15
4.15
4.14 5/
4.14
4.15
4.19
4.25
4.28
4.34
4.43
Treasury
bonds 1/
---S. I. A.
S. I. A. 1
S. I. A.
Aa new
Treasury Aa new
Treasury Aa new
new Aa
new Aa
corporate new Aa
corporate
corporate
bonds
1/
municipal bonds 1/
municipal
bonds 2j municipal
bonds 2/
bonds
2/
bonds 2/
bonds 2/
bonds 2/
Monthly series - averages of daily or weekly series
1963
4.22
4.25
4.28
4.35
4.36
4.32
4.34
4.34
4.40
4.37
4.42
4.49
1964
4.50
4.39
4.45
4.48
4.48
4.50
4.44
4.44
4.49
4.49
4.48
4.49
1965
4.45
4.45
4.49
4.48
4.52
4.57
4.57
4.66
4.71
4.70
4.75
4.92
Aa new
corporate
bonds 2/
1966
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
2.98
3.00
2.95
3.00
3.00
3.10
3.08
3.00
3.10
3.10
3.20
3.15
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
3.08
3.05
3.15
3.18
3.15
3.20
3.10
3.10
3.15
3.15
3.12
3.10
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
3.00
3.08
3.10
3.05
3.10
3.20
3.20
3.15
3.30
3.30
3.35
3.45
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
S. I. A.
new Aa
municipal
bonds 2/
Period
1974:
Mar. 1__
8....
15....
22....
29....
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
Treasury
bonds y
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
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 i/
6.39
6.53
6.946.99
6.57
6.75
6.63
6.59
6.24 J/
5.97
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 4/
5.48
5.62
Aa new
corporate
bonds 2/
1969
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
9.00
8.84
9.00
9.09
9.53
9.70
9.09
9.08
9.00
9.14
8.97
8.13
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
S. I. A.
new Aa
municipal
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bands 2/
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 {J
5.59
5.70
5.69
5.51
5.63
1972
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
1973
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.20
5.96 lj
6.14
6.20
6.11
6.25
6.32
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
Period
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
1974
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
6.56
6.54
6.81
7.04
7.09 4/
7.02
8.32
8.21
8.60
9.04
9.39
9.59
5.19
5.25
5.42
5.61
5.89
5.92
Treasury
bonds 1/
Aa new
corporate
bonds g/
S. I. A.
new Aa
municipal
bonds 2/
6.53
6.85 tj
6.41
6.25
6.30
6.35
Weekly series - average for weeks ending 1974:
Jan.
Feb.
4...
11...
18...
25...
6.50
6.56
6.57
6.57
8.27
8.32
8.40
8.38
5.20
5.19
5.20
5.18
1...
8...
15...
22...
6.55
6.50
6.50
6.56
8.25
8.13
8.16
8.24
5.25
5.47
5.00
5.00
Apr.
5....
12....
17__
26....
6.62
6.71
6.75
6.88
6.93
8.32
8.42
8.53
8.66
8.81
5.14
5.25
5.28
5.40
5.56
7.02
7.04
6.99
7.07
8.94
9.03
9.01
9.18
5.61
5.72
5.44
5.64
1/ Treasury bond yields are based on a composite of closing bid q iotations in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds 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/
tj
jj/
n.a.
1974:
May
June
3....
10....
17....
24....
31....
7.11
7.14
7.08
7.08
7.06
9.49
9.52
9.35
9.24
9.34
5.89
5.40
5.80
5.88
5.93
7__
14....
21....
28....
7.03
6.99
7.00
7.07
9.53
9.57
9.55
9.72
5.88
5.81
6.01
6.10
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.
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE AND MUNICIPAL BONDS
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
Monthly Averages
9.0
9.0
8.0
8.0
New Aa
Corporate Bonds
7.0
7.0
Treasury Bonds
6.0
6.0
5.0
5.0
SJA. New Aa
Municipal Bonds
4.0
4.0
3.0
3.0
1964
1965
1966
1967
1968
1969
1970
1971
*Change in Aa compution method effective June 1973, See footnote 2 following table AY-1.
1972
1973
1974
82
Treasury Bulletin
WTfMAWOH STABILIZATION FTmn
Table ESF-1. - Balance Sheets as of June 30, 1973 andjMarch 31, 1974p
Assets, Liabilities, and Capital
Cash:
Account of U.S. Treasury (includes Uhdeposited Collections).....
Federal Reserve Bank of New York, special account.............
Inqprest fund...................................... ....
March 31, 1974p
$
660,056.30
267,860,367.00
______3,000.00
484,249.69
267,860,367.00
Total cash.............................................
$ 268,523,423.30
$ 268,344,616.69
Special drawing rights......................................
Special account of Secretary of the Treasury with Federal Reserve Bank
of New York - Gold.........................................
1,949,450,187.07
2,166,054,979.32
76,749,747.08
85,278,322.44
22,309.07
254,235.94
2,688,041.31
233,541.42
5,618.79
9,400.15
11,339.60
22,309.07
102,980.05
2,840,548.10
246,399.15
5,618.79
5,697.53
11,336.79
2,934,101,273.61
2,867,828,488.79
Foreign exchange due from foreign banks: 1/
Banque de France........................................
Banque Nationale de Belgique..............................
Bank of Canada..........................................
Deutsche Bundesbank......................................
Bank of England.........................................
Banca d* Italia.......................................
Sveriges Riksbank......................................
Banque Nationale Suisse..................................
Bank for International Settlements..........................
Investments in:
U.S. Government securities................................
Foreign securities....................................
Accounts receivable.........................................
20,708,748.60
Furniture and equipment (includes automotive equipment)............
Less allowance for depreciation.......................... .
381,775.17
156,547.37
Buildings.................................................
Less allowance for depreciation............................
50,000.00
16,200.00
47,111,596.33
225,227.80
405,518.41
173,779.24
33,800.00
50,000.00
17,550.00
Land.....................................................
_____ 100,000.00
Total assets..............................................
5,253,116,893.74
231,739.17
32,450.00
100,000.00
5,438,316,864.00
Liabilities and Capital
Accounts payable.................................. ........
8,792,834.97
Special deposit accounts.....................................
3,000,000.00
40,371,787.25
3,000,000.00
Advance from U. S. Treasury (U. S. drawing on I.M.F. ).............
Special drawing rights certificates............................
Deferred liability - Foreign Exchange Revaluation.................
1,712,000,000.00
400 ,000 ,00 0.00
172,816,090,95
1,712,000,000.00
4 0 0 ,0 00 ,0 0 0.00
6,995,109.91
Special drawing rights allocations.............................
Capital account............. ...............................
Deduct subscription to International Monetary Fund.............
2,767,338,843.93
.2,490,605,860.90
i2,000,000,000.00
,800,000,000.00
200,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
Net income (see Table ESF-2)..................................
265,902,106.92
308,611,122.91
Total liabilities and capital................................
5,253,116,893.74
5,438,316,864.00
Note:
Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with December 31, 1938 have been published in the Treasury
1/
p
Bulletin.
Excludes foreign exchange transactions for future and spot delivery.
Preliminary.
July 1974
83
EXCHANGE STABILIZATION FUND,
Table ESF-2. - Income and Expense
Classification
January 31, 1934 through
June 30, 1973 p
January 31, 1934 through
March 31, 1974 p
Income:
Profits on transactions in:
Gold and exchange (including profits from
handling charges on gold)...................................
$197,231,277.64DR
$240,861,426.07DR
Sale of silver to U. S. Treasury..............................
3,473,362.29
3,473,362.29
Silver...................................................
102,735.27
102,735.27
Investments...............................................
1,325,207.14
1,325,207.14
Miscellaneous.............................................
186,273.23
184,923.21
436,158,128.20
596,376,323.71
Interest on:
Investments...............................................
Special drawing rights......................................
16,275,210.76DR
179,517,437.61
Revaluation of SDR holdings and allocations.......................
Total income................................................
42,077,997.83DR
23,196,564.35DR
180,513,014.21
102,206,188.61DR
365,178,657.51
415,711,386.80
Personnel compensation and benefits.............................
71,336,749.23
77,246,168.55
Travel.....................................................
4,348,963.87
4,897,929.49
4,182,339.28
4,201,545.63
2,232,805.92
2,412,712.38
Expense:
580,952.12
620,308.19
16,656,355.14
17,718,271.29
99,338,165.56
107,096,935.53
(61,614.97)
265,902,106.92
p
Preliminary.
3,328.36
308,611,122.91
Treasury Bulletin
84
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3 presents an area breakdown of United State,
The table 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.
liquid and nonliquid liabilities to official institutions of
foreign countries.
A number of changes
Table IFS-4 shows United States Treasury nonmarketable
were introduced in the May 1967 and July 1972 issues of the
bonds and notes issued to
Bulletin to increase the usefulness of this section.
countries.
Table IFS-1 shows the reserve assets of the United States,
Table IFS-5 sets
including its gold stock, special drawing rights held in the
official institutions of foreign
forth
the factors which affect the
United States position in the International Monetary Fund.
Special Drawing Account in the International Monetary Fund,
Table IFS-6 presents United States
holdings of convertible foreign currencies, and reserve po
transactions
sition in the International Monetary Fund.
with foreign countries
net
monetary gold
and international and
regional organizations.
Table IFS-2 brings
together statistics
on liquid and
Table IFS-7 presents a measure of effective changes in
nonliquid liabilities to foreign official institutions, and
liquid liabilities to all other foreigners,
exchange rates between the United States dollar and the cur
which are used
rencies of certain other countries.
in the United States balance-of-payments statistics.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
1957.........................
1958.........................
1959.........................
1960.........................
1961.........................
1962.........................
1963.........................
1964.........................
1965.........................
1966.........................
1967.........................
1968.........................
1969.........................
1970.........................
1971.........................
1973-June.....................
July.....................
Aug......................
Sept.....................
Oct......................
Nov......................
Dec......................
1974-Jan......................
Feb......................
Mar......................
June.....................
Total
reserve
assets
Total 2/
Treasury
8/
2/
10/
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2/
11,652 10/
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10,367
10,367
10,732
10,132 ,
10,410 2/
11,567 10/
12,914
12,918
12,923
12,927
14,367 10/
14,373
14,378
14,565
14,643
14,588
14,6^2
14,870
14,946
10,487
10,487
10,487
10,487
11,652 10/
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
10 ,410
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
' 15,710
16,964
14,487
12,167
13,151
14,378
7/
1/ 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/ Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See "Account
of the U.S. Treasury," 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 addi
tional amounts equal to the United States quota. See Table TFS-5.
6/ Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
10,410
10 ,410
10 ,4 1 0
11,567 10/
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
7/
8/
9/
iQ/
Special
drawing
rights 2/
_
_
«
_
_
_
_
_
_
_
_
Convertible
foreign
currencies 4 /
_
_
_
851
1,100
1,958 2/
2,166 10/
116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
8
1,949
1,949
1,949
1,949
2,166 10/
2,166
2,166
2,166
2,166
2,166
2,157
2,163
2,195
8
8
8
8
8
8
8
59
68
9
9
66
94
Reserve
position in
International
Monetary Fund j>/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
585
465 2/
552 10/
470
474
479
483
541 10/
547
552
688
757
761
824
989
1,005
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 uhe German
mark in October 1969, of which $13 million represents gain on German
mark holdings at time of revaluation. See also footnotes 3 and 4,
Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971. See
also footnotes 3 and 5, Table IFS-4.
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund.
Total reserve assets include increase of $1,436 million resulting
from change in par value of the dollar on October 18, 1973, consisting
of $1,165 million total gold stock, $1,157 million Treasury gold
stock, $217 million special drawing rights, and $54 million reserve
position in the International Monetary Fund.
July 1974
85
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2. - U.S. Liquid and Other Liabilities to Foreign O fficial Institutions,
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
End of
calendar
year
or month
1957............
1958............
1959............
1960 10 /.........
1961 10 /.........
1963 10/.........
1965............
1r\S f
iA/
1968 10 /.........
1972............
1973............
1973-May.........
June....
July........
Aug.........
Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.........
Apr. p.....
May...p.....
Note:
1/
2/
2/
4/
5/
6/
Total
Liquid
liabil
ities
to IMF
arising
from
gold
trans
actions 1/
15,825 2/
16,845 2/
19,428
/20,994
|21,027
(22,853
\22,936
j2 4 ,2 6 8
(24,268
J26,433
(26,394
h>9,313
(29,364
29,569
T31,H5
r31,020
/35,819
\35,667
j38,687
(38,473
r45,755 11/
45,914
"47,009
46,960
67,681
67,808
82,888r
92,608 12/
92,088
92,189
93,218
92,580
92,073
93,175
92,581
92,608
90,114
92,022
95,718
97,520
100,895
Official institutions Z/
Liquid
Total
10,1 2 0
7,917
8,665
9,154
n.a.
n.a.
966
11,078
11,088
10,212
10,212
866
11 ,8 3 0
11 ,8 3 0
10,940
10,940
11,997
11,963
12,467
12,467
200
200
n.a.
n.a.
500
800
800
800
800
800
800
800
800
800
800
834
1 ,0 1 1
1 ,0 1 1
1,033
1,033
1 ,0 3 0
1 ,0 3 0
1,019
1,019
566
566
544
544
-
12,948
12,914
14,459
14,425
15,790
15,786
15,826
14,841
14,896
18,2 0 1
18,194
17,407
17,340
15,975 11/
15,998
23,786
23,775
51,209
50,651
61,526
66,810
-
Non
Market market
Short
able
able
term
convert
liabil U.S.
Treasury ible U.S.
ities
Treasury
reported bonds
bonds
by banks and
in U.S. notes 2/ and
notes
70,920
70,701
71,028
70,520
69,777
69,702
67,400
66,810
63,891
64,097
65,527
67,163
67,959
13,224
13,220
1 3 ,066
12,484
12,539
14,034
14,027
876
890
890
751
751
1,217
1,183
1,125
1,125
1,105
860
860
908
908
-
-
-
n.a.
n.a.
2,940
.
4,8 1 8
-
4,818
5,404
5,484
5,346
5,346
5,8i7
5,817
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14,472
14,472
2,773
2,780
2,871
2,873
3,013
3,013
3,397
3,387
3,730
3,753
4,059
4,271
4,272
4,685
4,678
_
_
-
-
-
-
_
_
200
200
1 ,2 0 1
-
9
9
158
158
120
63
63
204
204
334
328
328
12,319 12/ 1,661
3,2 1 0
6,934
6,934
6,934
6,906
6,914
6,929
6,207
5,701
5,229
5,192
5,192
5,020
5,013
12,245
12,245
12,245
12,319
12,319
12,319
12,319
12,319
12,321
12,322
12,329
12,330
12,330
3,628
3,805
3,705
3,555
3,355
3,233
3,234
3,210
3,210
3,210
3,210
3,210
3,210
346
346
529
306
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-sponsored agencies and U.S. corporations. Table excludes International
Monetary Fund "holdings of dollars," and holdings of U.S. Treasury
letters of credit and nonnegotiable, noninterest-bearing special U.S.
notes held by other international and regional 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. Government obligations at cost value and funds awaiting investment obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning* assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; 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."
913
913
1,807
1,807
2,341
2,341
1,505
1,505
695
695
144
144
543
3,996
2,004
2,006
2,019
2,015
2,009
1,849
1,661
1,555
1,384
1,384
1,419
1,430
Short
Liquid
term
liabil
liabil
ities
ities
to
Total reported
banks <2/
by banks
in U.S.
3,472
3,520
4,678
5,701
11,054
11,077
40,000
-
-
295
1,955
1,955
5,236
462
43,919
46,117
45,713
46,138
45,721
45,174
45,212
43,791
43,919
41,576
41,989
43,412
45,184
45,976
-
256
256
711
711
701
701
555 11/
555
429
429
6,060
6,093
12,108
11,318
11,318
19,333
19,333
39,679
39,018
Non
market
Other
able
readily non
market convert
able
ible U.S.
liabil Treasury
ities 4 / bonds and
notes j>/
-
703
703
1,079
1,079
Liquid
liabiliities
to non
monetary
Market interna
tional
able
and re
U.S.
gional
Gov't,
organi
bonds
and notes zations
*/
2/1/
Liquid liabilities
to other foreigners
741
741
2,518
2,518
2,515 11/ 2 3 ,638
23,645
2,515
17,137
3,023
17,169
3,023
10,262
3,371
10,949
3,441
3,639
14,665
5,053
4,909
4,464
4,589
4,676
4,604
4,138
4,141
2,252
2,430
2,399
2 ,2 3 0
2,230
2,355
2,357
2,565
2,565
3,046
3,046
3,354
3,377
3,587
3,743
3,744
4,127
4 ,1 2 0
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,694
n.a.
n.a.
541
543
550
516
516
488
448
351
341
376
376
472
528
528
558
558
609
465
525
525
647
565
447
447
425
764
1,047
1,190
1,525
1,541
1,948
1,949
2,161
2,195
1,960
1,965
1,722
1,722
1,431
906
905
691
677
725
722
659
663
844
846
1,528
1,523
1,627
5,070
4,645
17,643 1 6,152
14,059 5,360
14,356 5,463
15,310 5,362
15,077 5,451
15,026 5,651
15,953 5,699
17,255 5,916
17,643 6,152
18,014 6,285
19,677 6,455
22,022 6,751
22,067 6,996
24,276 7,112
5,722
430
2,003
4,976
5,080
4,988
5,116
5,304
5,325
5,506
5>722
5,836
6,045
6,351
6,576
6,704
384
383
374
335
347
374
1>49
1,669
1,518
1,532
1,619
1,821
2,010
2,003
1,924
1,793
1,418
1,294
1.548
410
430
449
410
400
420
408
Includes marketable U.S. Government bonds and notes held by foreign
J»nks,
8/ * Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
9/ Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
10/ Data on the two lines shown for this date differ because of changes m
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
11/ 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.
12/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with ''banlcs”^ a number of reporting banks are included in the
series for the first time: and foreign currency Diabilities to of
ficial institutions of foreign countries are increased in value by
$110 million to reflect market exchange rates as of December 31, 1971,
as follows: U.S. Treasuiy certificates, $7 million; nonmarketable
convertible U.S. Treasury bonds and notes, $33 million; and ftonmarketable nonconvertible U.S. Treasury bonds and notes, $70 million.
13/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued
to reflect market exchange rates.
n. a. Not available.
p
Preliminary
7/
Treasury Bulletin
86
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liquid and Other Liabilities to Official Institutions
of Foreign Countries, by Area
(In millions of dollars;
End of
calendar year
or month
Total
foreign
countries
196 3
196 4
196 5
1966 J/...,
196 7
1968 1/....
1969 i/....
Latin
American
Republics
Asia
8,508
1,789
1,058
2,740
154
176
9,325
8,826
7.772
7.772
10,321
8,070
8,062
1,812
1,702
1,283
1,550
1,310
1,310
1,582
1.865
1.865
1,888
1,911
3,028
160
3,309
3,900
3,955
4,428
5,043
4,997
4.552
4.552
194
278
278
250
259
248
546
546
178
.245
248
248
303
303
302
291
2^1
407
407
415
415
777
414
413
871
870
2,963
13,620
13,615
30,010
30,134
•34,197
1971 1/ 1/.
197 2
1973. ......
June..
July..
Aug...
Sept..
Oct...
Nov...
Dec.,.
1974-Jan.*.
Feb.. .
Mar...
Apr.p.
May p.
Canada
7.074 A/
7.074 4/
1970 1/....
1973 -May...
Western
Europe
1/
45,717 6/
70,920
70.701
71,028
70,520
69,777
69.702
67,400
6 6 ,8 1 0
63,891
64,097
65,527
67,163
67,959
46 ,646
46,967
47,140
47,260
47,099
47,514
46,002
45,*717
43,290
42,389
42,771
42,648
42,761
1.333
1.333
1,310
1,867
1,866
1.624
1.624
Africa
Other
countries
2/
2.951
2.951
3.980
3.980
4,279
1,681
1,681
1,414
1,429
1,733
4,713
4,708
14,519
13,823
17,577
3,853
2,544
10,884
788
3,024
4,104
4,111
4,043
3,836
3,759
3,851
3*820
3,853
1,904
1,999
2,075
2,015
1,861
1,938
2,233
2,544
2,446
2,743
2,887
3,522
3,384
14,429
13,734
13,692
13,637
13,289
12,601
11*474
10,884
940
992
928
738
769
735
785
788
838
1,000
1,249
1,402
1,620
2,897
2,898'
3,150
3,034
3,000
3,063
3^086
3,02^
3,945
4,262
4,195
4,309
4,302
Note: Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nanmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations. The table doss 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
10,479
10,878
11,631
12,360
12,988
2,893
2,825
2,794
2,922
2,904
coverage to those shdwn for the preceding date; figures on tne second^
line are comparable to those shorn for the following date.
ij Includes $101 million increase in dollar -value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
5/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
6 / Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
p Preliminary
87
July 1974
- INTERNATIONAL FINANCIAL STATISTICS -
—
Table IFS-4. - Nonmarketable UtS. 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
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967................ .*....
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
July.:...............
Oct..................
Dea:.................
1974-Jan..................
Feb..................
Mar.................
Apr.................
May.................
June.................
Total
Belgium
Total
_
251
893
1,440
1,692
695
1,563
3,330
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
3,1 8 1 y
3,563
9,657 5/
15,872
15,669 6/
16,189
16,089
16,013
15,813
15,691
15,692
15,669
15,671
15,672
15,680
15,682
15,682
16,127
14,633
14,533
14,383
14,183
14,233
14,233
14,210
14,210
14,210
1 4 ,2 1 0
14,210
14,210
14,655
Canada
Denmark
1/
_
-
_
_
32
32
32
32
20
—
.
_
—
.
-
-
_
_
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
_
_
_
-
—
.
2,840
2,840
2,690
2,490
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
_
_
_
_
_
-
-
Korea
_
•
-
-
_
_
_
20
Italy
2/
Germany
_
13
-
_
_
_
_
_
5,000
11,315
11,670
-
_
160
184
177
146
135
25
22
22
.
15
15
15
15
15
‘
'
11,670
11,670
11,670
11,670
11,670
11,670
11,670
•11,670
11,670
11,670
11,670
11,670
12,115
22
22
22
22
22
22
-
Sweden
Taiwan
_
25
25
25
25
25
25
_
-
Thailand
_
_
-
-
20
20
20
20
20
100
100
100
100
100
100
_
•_
_
_
_
.
_
-
-
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
-
-
_
_
-
-
-
Payable in foreign currencies
End of
calendar
year
or month
1962.....................
1963.....................
1964....:.................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1973-June.................
1974-Jan..................
Feb..................
May.................
June.................
Total
251
730
1,086
1,208
342
1,047
1,638
1 ,7 5 0
y -
1,083
1,827 5/
1,539
1,459 6/
1,556
1,556
1,631
1,631
1,458
1,459
1,459
1,461
1,462
1,470
1,472
1,472
1,472
Austria
Belgium
50
50
101
25
50
50
_
-
30
30
30
30
60
_
_
_
-
-
-
Note: For further information, see "Public Debt Operations," Tables
PDO-8 and 9.
1/ Includes bonds issued to'the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
g/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
Germany
2/
275
679
602
50
601
1,051
1 ,0 8 4
y
542
612
306
172
172
172
172
p.
Italy
Switzerland
Bank for
International
Settlements
200 .
200
_
125
125
125
226
125
_
_
-
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
_
70
93
-
-
1,384
1,384
1,458
1,458
1,458
1,459
1,459
1,461
1,462
1,470
1,472
1,472
1,472
_
_
_
-
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
lj Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
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 IFS-1.
6/ Includes $15 million increase in March and $145 million increase in
April in dollar value of foreign currency obligations revalued to
refiect market exchange rates.
88
Treasury bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5. - U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
U.S. transactions with IMF
Calendar year
or month
1946-57..
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1973-June
July
Aug.
Sept
Oct.
Nov.
Dec.
,1974-Jan.
Feb.,
Mar.,
Apr.,
May.,
June.
Payments
of
subcriptions in
dollars
Net
gold
sales
by IMF
v
2,063
600
Trans
actions
in
foreign
curren
cies 2/
1,031
150
525
435
680
776
-84
1,155
541 U
754 77
22
712 6/
150
1,362
200
754 V
-133
IMF holdings
of dollars at
end of period
Transactions by
other countries
with IMF
IMF net
income
in
dollars
-45
-2
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
-4
-5
-4
-4
-5
-5
-4
-4
-4
-2
-5
-5
Note: The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million in
October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures rep
resent repurchases of dollars, including dollars derived from charges
on purchases and from other net dollar income of the Fund. The United
States has a commitment to repurchase within 3-5 years, but only to
the extent that the Fund's holdings of dollars exceed 75 percent of
the U.S. quota. Purchases of dollars by other countries reduce the
U.S. commitment to repurchase by an equivalent amount.
Purchases
of
dollars 2/
-2,670
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
—806
-1,343
-854
-24
-65
-61
-160
-12
Repur
chases
in
dollars
827
271
442
580
521
719
207
5
268
741
40
Total
change
Amount
Percent
of
U.S.
quota
775
17
1,336
442
-135
^6
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7.531
28
29
52
62
59
74
75
81
J35
94
92
75
55
71
91
94
93
-6
6,804
6,800
6,795
6,791
7,541
7,536
7.531
7,394
7,325
7,321
7,258
7,094
7,077
94
93
93
93
93
93
93
91
91
91
90
88
-4
-5
-4
# 750
-5
-5
-137
-69
-4
-63
-165
-17
U.S.
reserve
position
in IMF
at end of
period
y
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 5/
326
420
1,290 .
2,324
1,935
585
465
552
470
474
479
483
541
547
552
688
757
761
824
989
1,005
3/ Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
4/ Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund's holdings of dollars), which is the
amount that the United States could purchase in foreign currencies
automatically if needed. Under appropriate conditions, the United
States could purchase additional amounts equal to the United States
quota.
5/ Includes $259 million gold subscription to the Fund in June 1965 for a
U.S. quota increase which became effective on February 23, 1966. In
figures published by the Fund from June 1965 through January 1966, this
gold subscription was included in the U.S. gold stock and excluded
from the reserve position.
6/ Includes $30 million of special drawing rights.
7/ Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
* Less than $500,000.
89
July 1974
JNTERNATIONAL FINANCIAL STATISTICS.
Table IF S-6. - U .S . N et M onetary Gold T ran saction s with Foreign Countries
and International and R egional Organizations
(In millions of dollars) %/
1973
Calendar year
1974
1
Area and country
1973
Jan. Mar.
Apr. June
July Sept.
Oct. Dec.
Jan. Mar.
-
-
-
-
.
-
_
-
_
.
_
-
-796
-
-
.
_
_
_
_
_
_
_
_
-25
*
-12
-18
-28
-23
-1
-25
-13
-42
-4
-1
-
-
_
_
-
_
_
_
-
-
_
_
_
-
.
-
-54
-131
-5
-
-
-
-
.
-
1970 2/
1971
1972
4
25
325
500
-1
-76
-25
-18
200
36
-2
-129
-10
-50
51
-50
1
-15
-110
-473
-25
-175
12
-25
969
-204
_
1969
Western Europe:
Turkey............... ............. .
United Kingdom....... ................
Bank for International Settlements.......
Total Western Europe..................
Latin American Republics:
Argentina...........................
_
_
_
-
.j.,, |
_
** ■assli
■.■
_
.
j
_
_
_
_
-
i
Asia:
Total Asia..........................
.
-
42
-119
-95
-38
-3
-
-
-
-
-
-
42
-213
-38
-3
-
-
-
-
-
-
-9
-70
-4
9
-11
-2
Africa:
Othexicgygftylgg:
-
-
-
-
-
-
-
_
_
_
_
_
_
_
.
_
-
-
-
-
-
Total foreign countries.... ..............
957
-631
-845
-3
_
International and regional organizations 2/•••
10
-156
-22
-544
-
-867
-547
-
967
-7872/
, 1/ At $35 per fine troy ounce through May 8, 1972; at $38 from May 9, 1972
through October 18, 1973; and at $42.2222 thereafter. Negative figures
represent net sales by the United States; positive figures, net
acquisitions.
2/ Includes in 1970 total (Oct.-Dec.1970) the U.S. payment of $385 million
increase in its gold subscription to the IMF and gold sold by the IMF
to the United States in mitigation of U.S. sales to other countries
making gold payments to the IMF. The country data include, for the
same period, gold sales by the United States to various countries in
connection with IMF quota payments. Such sales to countries and resales
by the IMF totaled $548 million each.
2/ Includes International Monetary Fund gold sales to and,purchases
from the United States, gold deposits by the IMF (see Table IFS-2,
footnote 1) and withdrawal of deposits. The first withdrawal,
amounting to $17 million, was in June 1968.
* Less than $500,000.
Treasury Bulletin
90
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-7. - Effective Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-Weighted Average Appreciation (+)
or Depreciation (-) of the U. S. Dollar l/
Vis-a-Vis
End of calendar
year or month
Currencies of
OECD Countries 2/
Currencies of 48 Main
Trading Countries j/
197 0
-1.9
-1.3
197 1
-8.2
-5.7
197 2
-9.4
-6.1
197 3
-14.7
-10.5
1973-June,
July,
Aug.,
Sept.
Oct.,
Nov.,
Dec.,
1974-Jan..
Feb..
Mar.,
Apr.,
May.,
June.
-19.6
-19.8
-18.3
-18.6
-18.9
-15.5
-14.7
-12.0
-15.0
-17.3
-17.7
-17.4
-16.5
-14.2
-14.5
-13.2
-13.7
-13.7
-11.1
-10.5
-8.5
-9.0
-10.7
-11.0
-10.7
-10.1
This table presents calculations of "effective” or weighted average
percentage changes in the rates of exchange between the dollar and
certain foreign currencies, in order to provide a measure of changes
in the dollar's general foreign exchange value broader than a measure
provided by any single exchange rate change. Calculations are pro
vided for two sets of countries that account for a major share of
U.S. foreign trade. U.S. bilateral trade patterns in 1972 are used as
a ■ convenient, readily available proxy for the assignment of relative
weights to individual exchange rate changes, though such weights do
not provide a full measure of individual currencies' relative impor
tance in U.S. international transactions because they take no account
of factors other than trade. The calculations do not purport to
represent a guide to measuring the impact of exchange rate changes on
U.S. international transactions.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
(EQ1)
%
Where:
= Z(A$/fci * Mi/SM)
E„ is the weighted average of percentage
cnanges in the dollar cost of individual
foreign currencies;
A$/fc^ is the percent change in the dollar
cost of foreign currency i; and
M^/Em is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
filiation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
(EQ2)
Ex * E(AfCi/$ * Xi/EX)
Where:
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars;
Afci/$ is the percent change in the
foreign currency i cost of dollars; and
Xj/EX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of effective exchange rate
change:
(EQ3)
E ■ [(Em * m/m+x) - 1] + fEx * x/m+x]
Where:
m/m+x is U.S. imports as a proportion
of its total trade with all countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
2/ Australia, Austria, Belgium*-Luxembourg, Canada, Denmark, Finland,
France, Germany, Greece, Iceland, Ireland, Italy, Japan, the Nether
lands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland,
Turkey, United Kingdom.
2/ The currencies of 48 IMF member countries which account for approx
imately 90$ of U. S. total trade.
July 1974
91
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193^, Execu
tive Order 10033 of February 8, 19^9 > and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin." Reports are filed with the Fed
eral Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated, and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May 3 1, 1963. 1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1 9 6 9 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability'and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. 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 may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"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 cure filed by 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 million or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level ap
plicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin11 in six sections.
Each section contains all the data relevant to the same statis
tical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund.
(Liabilities representing the "gold
investment" of the Fund, however, are included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III - and IV show respectively the liabilities
Treasury Bulletin
92
CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies.
(Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. treasury bonds and notes, foreign currency
series, which are shown in ,fInternational Financial Statis
tics” section, Table IFS-U). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated ‘in the balance of payments
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers “"arid< sellers of the" securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1 9 6 9 * transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are
the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
United States balance of payments.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
July 1974
93
.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
End of
calendar year
or month
Total
short
term
liabili
ties
Total
(In millions of dollars)
Foreign countries
Banks and other foreigners
Official institutions 1/
Payable in dollars
Payable
Payable
in
Other
Total
Total
in
foreign
Banks
foreigners
dollars
currencies
International and regional
Payable
in
foreign
currencies
IMF
gold
invest
ment". 2/
Total
Non
monetary
interna
tional and
regional
y
3,413
2,252
5,950
3,460
4,601
1957..........
14,383
13,6a
7,917
7,917
' -
5,724
1958.........
15,367
14,615
8,665
8,665
-
59
742
200
542
2,430
59
752
200
552
2,398
77
531
1959.........
17,261
16,231
9,154
9,154
-
7,076
1,031
500
I960.........
18,701
17,260
10,212
10,212
-
7,047
4,705
2,230
113
1,442
691 U
751
1961 5/.......
f 20,015
1 20,098
18,699
18,781
10.940
10.940
10.893
10.893
46
46
7,759
7,841
5,299
5,380
2,356
2,35^
104
104
1.317
1.317
613
y
y
704
704
1962 5/.......
f21,958
<21,958
19,907
19,874
11,997
11,963
11,949
11,915
48
48
7.911
7.911
5.251
5.251
2.564
2.564
95
95
2,050
2,084
800
800
1963.........
22,877
21,330
12,467
12,437
30
8,863
5,713
3,046
104
1,547
739
1964 1/.......
1*25,467
t 25,518
23,849
23',900
13,224
13,220
13,224
13,220
-
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
1965.........
25,551
24,072
13,066
13,066
-
11,006
7,360
.3,587
59
1,479
800
679
1966 1/.......
f27,724
1 27,599
26,343
26,219
12,484
12,539
11,968
12,022
517
517
13,859
13,680
10,023
9,864
3.743
3.743
93
72
1,381
1,381
800
800
581
581
1967 5/.......
f 30,657
^30,505
29,370
29,232
14,034
14,027
13,882
13,876
152
152
15,337
15,205
*11,132
11,008
4,128
4,120
77
77
1,287
1,273
800
800
487
473
1968.........
31,717
30,214
11,318
10,855
463
18,916 . 14.298
4,444
173
1,483
800
683
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
10,034
3,692
3,694
228
228
400
400
14,340
17,174
4,645
5,721
325
469
1,772
1,767
, 1,413
1,955
-
1,372
1,367
1,413
1,955
13,674
13,899
14,892
14,594
14,493
15,504
16,761
17,174
17,501
19,034
21,384
21,487
23,750
4,977
5,081
385
457
418
483
533
449
495
469
513
642
639
579
526
1,579
1,569
1,488
1,487
1,552
1,768
1,962
1,955
1,855*
1,693
1^151
1,109
1,333
-
1969 5/.......
f 40,040
140,199
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
1970 2/.......
f 41,719
^41,761-
40,499
40,541
19.333
19.333
19.184
19.185
148
148
21,166
21,207
1971 2/ &/.....
f 55,404
\ 55,428
60,724
69,239r
53,632
53,661
59,310
67,284
158
165 2/
171
127 8/
13,954
14,643
19,310
23,364
66,732
66,718
65,152
65,149
66,436
65,914
65,504
66,490
66,552
67,284
65,426
67,711
71,785
73,827
76,956
187
187
189
127
127
127
127
127
127
127
127
127
127
19,035
19,437
20,299
20,192
20,330
21,278
22,762
23,364
23,850
25,722
28,373
28,643
30,980
1972 ........
197>May.......
July.....
Aug......
Oct......
1974-Jan......
Feb......
Mar......
May p.....
67,925
67,400
67,057
68,258
68,514
69,239r
67,281
69,404
72.936
74.936
78,289
39,521
39,679
39,018 Jk/ 38,854 j6/
1 40,000139,829
43,792
43,919
46,117
45,713
46,138
45,721
45,174
45,212
43,791
43,919 .
41,576
41,989
43,412
45,184
45,976
45,931
45,526
45,948
45,594
45,046
45,085
43,663
43,792
41,449
41,862
43,285
45,057
45,849
--------- ,—
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-Ameriaan Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
y In addition, IMF gold\investment included investments in U.S. Govern*
Kant bonds and notes which amounted to $109 million at end 1960, $187
million at end 1961, and $6L million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
'.
...
6/10,721 6/'
4,989
5,115
5,305
5,325
5,506
5,721
5,835
6,044
6,350
6,576
6,704
613
-
-
*
1,250
1,284
y
808
1,579
1,569
1,488
1,487
1,552
1,768
1,962
1,955
1,855
1,693
1,151
1,109
1,333
■
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
6/ Data on the second line differ from thoee on the first line because
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first time.
2/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31. 1971.
8/ includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
p Preliminary.
r Revised.
94
Treasury Bulletin
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
(In millions of dollars)
Official institutions 1/
Banks and other foreigners
Payable in dollars
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
Deposits
Demand
195 7
195 8
196 3
13,641
14,615
16.231
17,260
18,699
18,781
19,908
19,874
21,330
1964 2/...
23,849
23,900
195 9
1960......
1961 2/...
1962 2/...
196 5
1966 2/...
1967 2/...
196 8
1969 2/...
1970 2/...
1971 2 / y
197 2
197 3
1973 -May..
June.
July.
Aug,*
Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..p
May..p
(
24,072
26,343
26,219
29,370
29.232
30,234
38.631
38,786
40,499
40,541
53.632
53,661
59,310
$7,284
65,152
65,149
66,436
65,914
65,504
66,490
66,552
67,284
65,426
67,711
71,783
73,827
76,956
Time
Z/
3,059
3,511
2,834
3,038
3,389
3,389
3,261
3,234
1,402
2,451
2,820
1,591
2,816
1,591
2,862
1,535
2,612
1,679
2,668
1,679
2,462
2,054
2,458
2,054
2,149
1,899
1,918
2,951
1,930
2,942
1,652
2,554
1,652
2,554
1,620
2,504
1,327 U -2,0394/
1,591
2,880
2,125
3,911
1,720
1,941
1,935
1,576
1,633
1,811
2,035
2,125*
2,379
2,407
2,631
2,920
2,352
2,949
3,124
3,192
3,355
3,226
3,846
3,802
3,911
3,705
3,703
3,800
3,949
3,970
U.S.
Treasury
bills and
certifi
cates
4,246
4,392
5,738
6,193
6,412
6,412
7,759
7,759
7,548
Other
short
term
liabili
ties %/
612
762
582
982
1,092
1,092
928
922
1,036
1,259
1,259
1,483
1,361
1,360
1,380
1,378
1,321
7,554
7,554
7,186
6,316
6,316
7,985
7,985
5,486
3,844
3,844
13,367
13,367
32,311
32,311
31,453
31,511
2,039
2,158
1,612
1,612
3,086
3,177
3,905
6,245
35,736
34,684
34,360
34,118
33,554
32,613
31,529
31,511
29,152
29,917
31,064
32,312
33,786
5,525
5,777
6,461
6,545
6,634
6,814
6,298
6,245
6,212
5,834
5,790
5,877
5,7a
Payable
in
foreign
cur
rencies
Banks
Deposits
-
46
46
48
48
30
_
517
517
152
152
187
187
189
127
127
127
127
127
127
127
127
127
127
131
492
76
4,854
4,917
4,678
4,678
838
4,102
967
5,006
5,027
967
900
4,941
6,795
1,249
6,636
1,243
1,142
7,933
1,142
7,763
463
10,374
202
16,745
202
16,756
148
12,376
148
12,385
158
7,047
165 5/ 3,3994/
171
4,658
127 y
6,941
4,645
5,053
4,957
4,806
5,070
5,250
5,734
6,9a
6,329
6,857
6,572
6,601
7,054
U.S.
Treasury
bills and
certifi
cates
158
2,737
3,017
3,369
4,210
Includes Bank for International Settlements and European Fund.
Hme deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities.1*
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
k/ 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
$
Time
1/
Demand
Other foreigners
1,273
1,988
1,999
1,326
1,354
850
320 4/
405
512
43
43
83
83
68
142
142
113
137
137
129
129
30
20
20
14
14
8
8
5
11
319
258
321
353
430
473
469
512
8
8
8
10
8
7
8
11
511
521
506
678
774
14
32
54
63
73
Deposits
Other
short
term
Time
liabili Demand
2/
ties 2/
518
312
740
419
402
420
490
490
1,766
1,951
1,833
1,849
1,976
1,977
2,096
2,096
1,493
1,523
1,531
1,574
1,513
1,513
1,927
1,693
1,973
1,693
2,621
1,797
4,658
1,709
1,711
4,644
3,202
1,688
1,688
3,197
2,130
1,660
6,995 V 1,660
9,272
1,954
2,232
9,710
704
1,039
1,077
1,406
1,842
1,848
8,702
8,579
9,607
9,425
8,984
9,774
10,550
9,710
10,648
11,625
14,251
14,145
15,849
1,859
1,965
1,890
1,876
1*972
1,977
2,007
2,232
2,020
2,131
2,351'
2,392
2,312
966
1,257
1,271
1,594
1,819
1,819
2,052
2,054
2,199
1,811
1,935
1,886
1,895
1,663
1,666
U.S.
Treasury
bills and
certifi
cates
278
306
295
148
149
149
116
116
119
72
72
2,145
2,486
87
83
83
81
81
86
107
107
131
131
96
96
65
68
2,329
2,314
2,250
2,311
2,374
2,359
2,517
2,486
73
70
72
68
77
76
67
68
2,719
2,775
2,797
2,817
2,911
91
93
98
92
124
Other
short
term
liabili
ties 2/
Payable
in
foreign
cur
rencies
209
174
270
59
59
77
233
230
230
352
352
113
104
104
95
95
469
502
503
332
329
329
302
292
362
312
312
325
325
274
271
481
936
104
118
90
59
93
72
77
77
173
226
226
220
220
228
228
325
469
716
732
776
861
<881
912
915
936
1,005
1,045
1,104
1,274
1,358
385
457
418
483
533
449
495
469
513
642
639
579
526
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.
Second line includes $7 million increase in dollar•«value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
6/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
95
July 1974
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
1957.......................
1958.......................
1959.......................
I9 6 0 .......................
1961 .......................
1962 5 /
1963.......................
1964.......................
1965.......................
1966 .......................
1968 .......................
19691......................
1970.......................
1Q71 *5/
Total
international
and regional
742
752
1,031
1,442
1,317
f 2,050
2,084
1,547
1,618
1,479
1,381
f 1,287
( 1,273
1,483
1,413
May. P..................
219
354
540
568
70
739 L/
800
800
800
800
800
800
800
400
400
1,579
1,569
1,4*8
1,487
1,552
1,768
1,962
1,955
1,855
1,693
1,151
1,109
1,333
1974-Jan...................
Feb....................
Mar....................
500
691 U
613 4/
800
800
f 1,772
^ 1,767
1973-May..................................
June...................
July...................
Aug....................
Sept.................. .
Oct..,..................
Nov....................
Time 2/
£O
209
76
200
400
1,413
1,955
Demand
200
1 ,2 2 1
1972.......................
1973.......... .............
Nonmonetary international and regional organizations 2j
Deposits
IMF gold
investment:
U.S. Treasury
bills and
certificates 1 /
66
-
_
-
-
2
*
294
572
572
215
231
170
212.
178
178
68
69
73
73
113
83
159
192
192
86
101
202
86
326
HI'
155
206
178
80
70
73
119
134
116
118
99
93
97
148
169
116
61
139
124
120
101
86
_
_
-
95
77
96
60
95
66
*
490
343
449
532
200
-
1/ Shori>-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 Iiin
ternational Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes BanV for Interna
tional Settlements and European Fund. Includes diff<" 3nce between
cost value and face value of sr * n*ties in IMF gol'” /estment account
($14 million at end 1971).
Other
short-term
liabilities 2/
42
56
67
*67
62
-
384
207
U.S. Treasury
bills and
certificates
94
67
60
54
6
*
55
138
145
138
314
266
173
118
107
108
394
244
224
211
381
211
211
896
296
62
173
373
296
286
232
227
209
46
892
800
1,471
1,172
1,1 1 0
1,049
1,129
1,311
1,431
1 ,4 2 0
1,471
1 ,3 8 0
1,317
761
780
1 ,1 3 8
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
&/ In addition, IMF gold investment included investments in U.S. Gov
ernment bonds and notes which amounted to $109 million at end 1960,
$187 million at end 1961, and $61 million at end 1963.
5/ 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.
* Less than $500,000.
96
Treasury Bulletin
__________________________________________ CAPITAL MOVEMENTS
____________________________________ _
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1972
1973
Jan.
Feb.
Mar.
272
1,094
284
163
4,441
5,346
238
1,338
1,468
978
416
256
1,184
2,857
97
5,011
117
1,483
11
81
27,136
3,467
161
1,483
659
165
3,483
13,227
389
1,404
2,886
965
534
305
1,885
3,377
98
6,148
86
3,352
22
110
40,742
3,862
210
1,593
527
178
3,241
12,307
262
1,195
2,522
961
482
264
1,975
3,281
221
6,44077
3,125
26
92
38,982
4,158
279
1,662
456
160
2,967
12,357
238
1,119
2,502
962
486
304
1,973
3,513
146
6,186
94
3,007
20
96
38,525
4,432
327
1,572
380
169
2,852
12,275
343
2,243
2,547
993
450
267
1,733
3,792
96
7,392
78
2,946
29
122
40,605
3,841
1,001
2,016
837
185
238
7
1,369
1971 1/
Apr. p
May p
Europe;
Finland.............................
France*..............................
Greece..............................
Italy...............................
Netherlands..........................
Norway..............................
Spain...............................
Sweden..............................
Switzerland..........................
Turkey..............................
Yugoslavia...........................
Other Western Europe......... .........
Other Eastern Europe...................
Total Europe............... .........
Canada............................... !
Ifijfefa America:
Argentina............................
Chilp...............................
Cuba...............................
Mexico.................... .........
Panama....................
Peru............................... |
Uruguay. 1...........................
Other Latin American Republics...........i
Netherlands Antilles and Surinam
Other Latin America...................
Total Latin America.............. ..... .
Asia:
China, People’s Republic of
'
China, Republic of (Taiwan).............
Hong Kong........................... .
India............................... .
Israel................. .............
Korea...............................•
Philippines..........................
Thailand............................
Other Asi8................... .......
Africa:
Egypt............................... 1
Morocco... ..........................
South Africa...... ...................
Zaire..................... .........
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
3,441
3.441
298
1,739
261
143
3,018
13,777
239
1,435
2,407
923
452
499
1,350
5,138
95
8,772
86
2,444
28
104
43,210
4,164
914
824
860
157
247
7
1,284
279
135
120
1,468
880
71
361
847
593
819
178
219
7
1,323
281
144
120
1,460
947
69
470
895
1,011
961
174
238
8
1,343
326
154
115
1,636
1,026
61
792
Z/608 .
7,477
8,741
159
121
1,736
1,100
69
659
9.896
38
757
372
85
133
327
6,954
195
515
247
1,202
10,826
38
735
389
152
186
337
6,417
222
570
336
1,306
10,690
39
715
416
183
175
311
7,440
204
604
471
1,196
11,752
38
641
452
133
240
302
8,307
180
595
607
1,445
12.940
39
571
453
175
305
275
8,690
253
642
536
1,941
13,878
39
620
512
264
220
267
9,060
234
731
517
1,883
14,347
72
11
97
42
837
68
15
83
43
1,500
1,059
72
12
119
30
1,044
1,277
52
17
148
42
1,335
939
35
11
114
87
808
1,056
1,593
1,709
71
20
122
52
1,703
1,968
916
42
957
3,027
51
3,677
3,131
59
3,190
2,986
74
3,059
2,917
66
2,984
2,849
60
2,909
2,979
52
3,031
2.980
’ 68
3,047
53,661
59,310
67,284
65,426
67,711
71,785
73,827
76,956
1,327
8
298
129
5
1,767
55,428r
951
10
307
142
4
1,413
60,724
1,628
7
271
50
*
1,537
6
256
55
3
1,855
67,281
1,404
14
228
47
*
863
13
226
48
*
840
15
217
36
*
1,693
1.151
72,936
1,109
1,038
35
226
33
1
1,333
74,936
78,289
441
656
342
191
188
6
709
154
164
108
963
656
87
36
4,702
441
656
342
191
188
6
715
154
164
108
963
655
87
37
4,708
631
540
605
137
210
6
831
167
225
140
1,078
860
86
44
5,560
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
24
9
78
12
474
597
24
9
78
12
474
597
24
12
115
21
768
Total Africa.........................
Qj^her cguafrries:
Australia........................... .J
916
All other........................... j
42
”■
957
Total other countries..................
Total foreign countries................. .•
53,632
jj&emational a^d regional:
International........ ..... ......... J
1,332
European regional.....................
8
298
Asian regional.......................
129
African regional........... *........ .
5
Total international and regional
1,772
Grand total................. ^.........
55,404
248
1,795
358
140
2,767
13,028
288
1,386
2,507
923
450
289
1,475
4,228
92
7,697
82
3,003
52
95
40,901
4,553"
1/ Data in the two columns shown for this aate 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
1,955
69,239
69,404
401
1,078 . 1,180
1,316
1,826
773
731
224
191
227
227
6
6
1,374
1,416
408
522
160
162
121
132
2,297
2,248
1,149
1,053
95
63
560
432
9,755
10,221
column are comparable to those shawn for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000. p Preliminary.
r Revised.
97
July 1974
__________________________________________ CAPITAL MOVEMENTS____________________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of May 31, 1974
Preliminary
(Position in millions of dollars)
Country
Total
short
term
liabilities
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
Total
U.S.
Treasury
Deposits 1/ bills and
certif
icates
Short-term
liabilities
U.S.
payable
Treasury
in
Deposits 2/ bills and Other 1/ foreign
certif
currencies
icates
Other 1/
Total
81
751
38
52
842
326
63
296
97
388
18
24
54
2,606
2
4,750
5
2,031
3
15
12,443
2,058
5
79
26
5
105
83
33
69
61
54
24
89
15
384
5
558
4
41
*
3
1,644
583
5
50
19
5
80
75
33
52
40
51
22
74
13
142
5
193
4
33
*
3
900
477
*
13
5
9
*
*
2
20
1
*
*
16
*
25
1
91
12
*
*
*
1
1
*
*
1
*
5
*
Europe:
298
1,739
261
143
3,018
13,777
239
1,435
2,407
923
452
499
1,350
5,138
95
8,772
86
2,444
28
104
43,210
Finland.....................
Germany.....................
Italy......................
Turkey............... ......
United Kingdom...............
Other Eastern Europe..........
Total Europe............. .
Canada.......................
4,164
Latin Amerfea:
41,189
3,371
77
285
78
75
370
928
110
533
480
235
378
381
237
769
88
764
75
369
25
85
6,344
381
133
612
117
11
1,688
12,422
32
528
1,729
245
31
1,040
1,184
2,626
2
3
1
22,402
427
2
2
6
10
35
*
2
485
188
1,533
204
14
3
*
140
183
19
3
274
216
4
132
404
85
112
115
158
5
987
276
65
97
370
536
69
172
2,913
3,454
399
82
110
114
158
5
823
186
64
94
364
498
59
82
3,037
933
1,180
1,826
731
191
227
6
1,416
522
162
132
2,248
1,053
95
432
10,221
774
1,736
618
76
68
1
428
244
97
35
1,868
513
26
260
6,744
158
202
413
61
59
1
277
61
78
33
1,594
263
21
126
3,346
39
620
512
264
220
267
9,060
234
731
517
1,883
14,347
33
515
318
236
204
246
8,935
223
641
488
1,593
13,432
23
340
145
43
77
125
698
137
461
128
730
2,907
113
1
149
94
2
5,802
4
9
295
418
6,886
10
62
172
44
33
119
2,435
82
171
66
445
3,639
6
105
193
20
16
21
106
11
90
29
281
877
71
20
122
52
1,703
1,968
66
19
113
40
1,622
1,860
65
18
76
27
534
719
1
30
12
1,068
1,111
*
1
7
2
21
30
2,980
68
3,047
76,956
2,956
46
3,002
2,042
2,042
33,858
491
17
507
69,599
423
29
453
14,150
1
1,038
35
226
33
1
1,038
35
226
33
1
89
7
40
11
1
j
j
1,333
78,289
1,332
70,931
149
14,298
Chile......................
1
1
|
Other Latin American Republics.... ,
Netherlands Antilles & Surinam....
!
Total Latin America........... j
Asia:
China, People's Republic of
(China Mainland)............. !
China, Republic of (Taiwan)..... i
Hong Kong................... |
India......................
Indonesia................... |
Israel........ ............. •
Japan......................
Korea....................
Philippines..................
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco.....................
South; Africa.................
Zaire......................
Total Africa.................
Other countries:
Australia......... ..........
All other...................
Total other countries..........
Total foreign countries..........
Tnternat.inna! anA regional;
Intemat ional................
European regional.............
Latin American regional........
Asian regional...............
African regional..............
Total international and regional..
Grand total...................
291
1,647
234
138
2,901
13,676
206
1,357
2,306
868
426
405
1,332
4,560
90
8,140
82
2,403
28
101
!
*
15
2
*
16
7
*
15
1
3
2
14
2
227
*
340
*
8
*
*
653
94
2
13
1
*
12
19
*
10
40
1
1
5
4
194
74
*
376
209
2
5
1
*
*
1
2
*
*
9
3
*
9
5
3
2
1
1
163
89
1
3
6
38
5
90
408
23
6
103
169
16
L5
20
82
11
82
28
144
677
1
*
_
*
*
10
12
2
23
3
*
1
23
*
8
*
127
188
*
*
1
8
_
20
*
*
_
8
37
4
2
6
11
81
104
4
2
6
11
74
97
*
*
*
*
*
7
7
*
3
*
*
19
15
35
5,222
124
2
5
7
1,358
3
1
21,591
21
21
42
6,704
4
653
24
19
3
-
925
28
167
18
-
*
*
*
*
*
*
-
-
-
46
33,904
1,138
22,729
*
*
_
_
_
124
1,358
]5,222
6,704
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other” short-term liabilities.
* Less than $500,000.
4
653
98
Treasury Bulletin
------------------------- —_________________________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 Eastern EuroDe"
9
12
2Z
3
5
19*
8
62
4
8
'
5
10
2
6
5
36
8
2
ia
lo
oc
<
6
8
29
8
16
lo
rI
t
lie
33
17
n*a*
*8
36
16
87
92
114
121
76
132
8
27
58
41
61
22
20
65
75
104
109
86
127
8
25
64
32
79
26
17
68
86
118
92
90
156
6
21
56
39
99
29
17
102
88
137
90
129
245
5
28
71
52
119
40
21
124
4
36
2
127
5
100
3
244
4
109
3
201
3
n.a.
7
25
24
72
2
3
93
10
4
39
2
55
54
11
5
59
19
23
20
17
3
114
26
4
36
3
55
59
10
3
93
22
24
9
12
2
124
101
6
28
3
62
58
16
10
105
2
11
11
12
n.a.
4
243
n.a.
6
n.a.
n.a.
68
40
21
16
108
n.a.
1971
1972
11
9
38
5
4
10
10
41
3
6
2
11
16
5
6
3
9
17
3
4
7
9
2
A
3
16
8
8
5
2
2
3
23
10
4
14
2
2
5
20
6
68
52
78
76
69
84
3
17
29
17
63
13
8
69
41
99
79
75
100
2
16
34
19
59
16
10
55
62
123
57
78
li7
6
18
42
19
50
17
10
¥
V
33
2
r
32
1
2b
19
21
"Other Latin American Republics"
Haiti........ .......... .............
(
1970
"Other Western Eurooe"
-
Dec.
1973
1969
Apr.
1973
1
.
Apr.
1974
10
11
53
10
3
6
19
o.
d
"Other Latin America"
1/
30
2
"Other Asia"
16
22
Z/
2
1
35
26
17
46
3
83
30
17
6
35
4
25
106
17
3
4
4
94
Viet Nam..............................
1
"Other Africa".
Ethiopia (including Eritrea).........................
F T A I ( French S o m a l i l a n d ....
"Portuguese West Africa"..... ............
Southern Rhodesia........ .
Uganda............. .......•••••.......
Zambia............ .................... i
"Other Countries"
U.S. Trust Territory of the Pacific Islands...
32
1/
4
2
42
11
14
54
5
54
22
19
1
'38
6
18
106
57
4
7
5
179
4
n T
5
59
10
2
20
3
46
23
16
4
33
1
29
79
35
4
4
5 4/
159
3
14
20
1
10
4
43
23
288
6
11
9
2
3
10
6
5
20
8
3
38
22
195
7
17
8
1
1
9
7
8
10
23
11
1
8
2
9
23
274
6
46
13
2
1
6
9
3
13
16
9
25
9
23
13
17
19
*
i
2/
j
1
'
1
i
1
1
i
1/
344
77
5
4
13
135
1
236
53
6
39
8
98
1
32
57
1
10
6
23
30
393
6
85
31
2
3
10
7
28
51
75
4
28
4
19
31
312
6
140
10
1
3
16
11
19
37
30
12
34
14
11
.
•
•
•
i
1
,
i
2/
2/
303
164
13
40
32
98 '
1
334
141
13
5
25
88
1
111
79
1
20
10
23
42
331
8
78
15
2
3
12
7
6
22
110
,
'
i
118
n.a.
22
13
20
29
n.a.
9
n.a.
20
1
2
12
17
11
n.a.
1
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."
Bermuda included with Bahamas prior to December 1972.
39
11
2/ Bangladesh included in Pakistan prior to April 1972.
2/ Ryukyu Islands included in Japan after April 1972.
U Data as of December 31, 1971 exclude Ras al Khaymah.
n.a. Not available.
33
n.a.
July 1974
99
______________________ 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
Foreign countries
Total
long-term
liabilities
1967 2/..................
1968.....................
1969.....................
1970.....................
1971............. *.......
1972 2/.................. .
10
2
1
7
2
7
69
310
513
1,494
f2,546
^2,560
3,166
2,490
1,703
902
f 1,000
^1,018
1,487
1973-May.................
June.................
July.................
Aug.................
Sept.................
Oct..................
Nov.................
Dec.................
1974-Jan.................
Feb..................
lifer.................
May P................
1,379
1,467
1,525
1,530
1,502 ‘
1,473
1,469
1,487
1,497
1,500
1,558
1,682
1,638
Payable in
foreign
currencies
Banks
Other
foreigners
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
42
106
311
506
1,858
1,863
2,389
1,600
913
437
417
417
726
1,807
1,807
2,341
1,505
6?5
144
93
93
310
15
15
8
55
165
237
238
238
35
40
40
40
53
56
87
87
689
698
777
*889
’
789
446
562
580
296
121
761
-
667
674
734
731
720
718
717
726
696
612
603
655
633
313
311
311
322
318
312
313
250
250
282
282
279
285
287
296
275
267
257
272
263
104
113
141
127
123
122
117
121
111
86
87
89
74
688
769
768
775
758
735
753
761
801
888
951
1,027
1,005
24
24
24
24
24
20
Total 1/
1957.....................
1958.....................
1959.....................
I960.....................
1961.....................
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
Official
institutions
International
and regional
10
2’
1
7
2
7
28
204
203
988
1/ Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have*been payable in dollars.
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
310
310
259
259
294
296
_
-
n.a.
n.a.
a.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
_
_
1
1
20
21
21
_
k
•
coverage to those shown for the preceding date; figures on the
second line are comparable to thosp shown for the following date.
n.a. Not available#\
p' Preliminary.
100
Treasury Bulletin
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
1972 1/
1971
Europe:
*
*
*
8
12
12
*
_
*
*
6
1
1
1
165
165
165
*
1
1
*
1
1
*
52
*
11
10
10
-
Chil^..................... .
....
Colombia..................
Cuba...............................
Mexico........ ............ ..........
Panama........... ...................
Peru........... .
Uruguay............................. .
Venezuela............... ............
Other Latin American Republics..........
Netherlands Antilles and Surinair
*
*
*
*
5
*
63
*
246
Canada,,TtTTTT.........................
Latin America:
A r g e n t i n a r ........ .
Bahamas 2/ ,T,,,,,TT...........
2
1
*
*
*
*
5
*
63
*
2
Other Western Europe.............. .
2
1
4
_
261
-f
261
1
1
-
1
1
111
136
136
1
1
*
5
*
58
*
209
*
1
1
JC\
4U
C.O
oc
<
*
10
6
1
2
1
*
o
54
14
X
1
2
1
*
*
28
19
*
1
*
*
*
3
1
2
1
2
50
2
3
*
9
4
4
5
151
2
|
!
3
*
9
4
4
5
139
Asia:
China, People's Republic of
India..............................
Africa:
Fgypt................................
Morocco.............................
South Africa.........................
Zaire........ .......................
34
*
*
*
*
*
*
*
1
*
*
*
1
1
1
1
*
5
*
5
*
*
1
3
1
1
5
6
5
3
*
17
33
5
3
*
17
33
1
2
1
2
*
71
82
*
*
*
*
*
*
*
*
*
*
3
■*
37
90
*
1
*
2
|
1
1
,„1.
1
4
*
7
*
7
*
4
457
7
439
7
439
726
Mernaftiqna], a^d regional,;
International........................
European regional.....................
Latin American regional...... .........
Asian regional....................... !
African regional......................
Total international and regional.........
351
57
38
446
480
52
30
562
496
53
31
580
551
98
112
- |
761
Grand total...........................
902
1,000
1,018
Other countries:
Australia............ ...............
All other............... ............
Total other countries..................
1
*
45
*
209
o
AA
214
*
206
I
*
452
9
2
2
54
57
O
oO
6
6
1
1
\
CO
0C.
t
*
a ‘
o
j
4
8
j
H
3
109
--------i
3
111
'
X
aa
442
9
i
9
*
o
T
AA
lo?
*
5
5
'
t
441
1
11
"
2
57
6
1
1
-L
*
28
6
1
*
“
25
1
*
-*■
27
*
*
27
3
*
3
j
*
3
133
125
'
6
Thailand.............................
Other Asia........................i
-L
1
9
1
1
1
*
*
28
19
*
6o
1LAA
O?
*
2
1
2
165
454
9
55
9
2
*
*
*
May p
1
165
*
_
1
*
*
31
4
*
*
*
466
53
Apr. p
5
Q
7
*•
5
8
475
1
,
T
Mar.
1
*
65
*•
213
*
213
Feb.
*
*
*
5
66
53
28
'
*
9
*
2
*
31
2
165
•*
1
1
Jan.
5
Q
7
*
*
*
*
39
_
28
j
5
15
*
_
164
*
*
*
*
Turkey..............................
1973
1974
Ti
,
.... 3-.
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date, figures in the second
column are comparable to those shown for the following date.
i i
____i J
------- 1
7
*
7
1,487
*
*
*
X
X
i
i
X
oj •
*
2
1L
J
X
1
4J
o
c.
*
72
80
29
37
29
41
*
-*
*
•*
*
*
*
*
*
j
X
X
*
1
*
1
2
1
2
■x45
52
*
4
*
44
54
*
*
*
_
*
*
*
_
2
1
1
1
1
1
1
1
1
1
1
7
*.
7
696
3
*
3
612
588
104
109
-
645
5
125
112
888
801
1 /Q7
1,500
3
* ♦
607
j
8
*
8
655
— _____
'
j
!
3
*
3
717
771
119
115
_
124
122
123
124
950
1,027
1,005
1,558 i
1 Ado
1,638
10
2/ Through December 31, 1972/Bermuda included' with Bahamas,
* Less than $500,000.
p Preliminary,
758
July 1974
101
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
Loans
End of
calendar
year
or month
Total
short
term
claims
Total
Total
Official
insti
tutions
Banks
Payable in foreign currencies
Collec
tions
out
standing
for
Other
account of
reporting
for
eigners banks and
domestic
customers
Accept
ances
made for
account
of for
eigners
Other
short
term
claims
Total
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
Foreign
government
obligations
and
commercial
and
finance
paper
Other
short
term
claims
1957....
2,199
2,052
930
242
386
303
423
6'99
147
132
15
19 58 ....
2,542
2,344
1,268
401
439
428
421
656
198
181
16
19 59....
2,599
2,407
1,309
351
498
460
516
582
192
178
15
3,594
3,135
1,297
290
524
482
605
1,233
460
222
238
f 4,719
I 4,777
4,177
4,234
1,646
1,660
329
329
699
709
618
622
694
700
1,837
1,874
543
543
342
343
200
200
1962__
5,101
4,606
1,953
359
953
642
686
1,967
495
309
186
1963....
5,887
5,344
1,915
186
955
774
832
2,214
384
543
343
157
42
1964 I/ .
r7,411
^7,957
6,810
7,333
2,652
2,773
223
221
1,374
1,403
1,055
1,150
1,007
1,135
2,600
2,621
552
803
601
624
342
336
182
187
77.
102
1965 1 / ____
r7 ,632
^7,7 3 5
7,158
7,243
2,968
2,970
271
271
1,566
1,567
1,130*
1,132
1,268
1,272
2,501
2,508
422
492
474
492
325
329
54
68
95
96
1966 1/....
f 7,819
^7,853
7,399
7,433
3,139
3,141
256
256
1,739
1,739
1,143
1,145
1,367
1,288
2,450
2,540
443
464
420
420
240
241
70
70
110
110
1967 1 /___
f 8,583
I 8,606
8,158
8,182
3,137
3,150
30£
306
1,603
1,616
1,228
1,228
1,511
1,552
3,013
3,013
498
467
425
425
287
287
74
70
63
67
8,711
8,261
9,063
9,165
10,192
12,328
12,377
247
262
262
119
223
231
1,221
f 9,578
1,733
1,954
2,015
2,389
2,475
2,475
3,269
3,276
2,854
3,169
3,202
3,985
4,243
4,254
509
658
670
766
1,10?
1,679 </
450
516
516
610
842
895
336
352
352
352
549
548
40
84
89
92
119
173
73
79
74
166
2,478
2,657
846
846
662
223
223
119
182
182
3,877
441
441
428
237
118
147
196 0
1961 1/.
1972 1 /____
15,471
15,676
14,625
14,830
197 3
20,719
20,057
3,165
3,281
3,278
3,051
4,503
3,969 2 /
5,674
5,671
7,718
1973-May..
June.
18,550
18,825
17,696
17,987
19,012
18,978
18,725
19,298
19,588
20,719
18,149
18,091
17,948
18,438
18,797
20,057
20,279
22,124
24,805
25,702
28,691
196 8
1969 1 / . . . .
197 0
*1971 1/ 2 /.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1974-Jan___
Feb__
Mar.
Apr. p.
May. p.
^9,680
10,802
ri3,170
13,272
21,081
22,968
25,654
26,559
29,574
.
1,697
1,946
1,943
1,720
2,613 '
2,080 %/
163
163
2,975
2,970
1,073
1,073
1,212
1,667
1,658
2,535
2,538
271
4,589
2,859
4,306
3,204
3,226
4,15.5
6,933
7,318
163
205
*3,813
4,070
3,824
3,881
3,623
3,984
3,317
2,804
854
839
499
552
140
7,024
6,973
6,809
6,983
7,070
7,718
162
176
160
216
252
271
7,413
7,950
9,080
9,587
10,168
303
303
3,926
4,029
3,918
3,989
4,084
4,589
4,429
4,992
5,807
6,157
6,594
2,956
3,043
2,936
2,768
2,731
2,778
2,733
2,859
2,680
2,654
2,852
3,069
3,211
3,821
3,948
4,070
4,099
4,287
4,306
4,386
*4,426
4,641
4,805
5,080
3,922
3,716
3,718
3,774
3,788
4,155
4,107
4,554
5,125
5,810
3,332
3,454
3,351
3,582
3,652
3,877
4,373
5,195
5,958
5,501
6,956
863
887
777
861
790
662
802
844
849
857
883
561
488
459
510
512
428
467
594
545
589
611
151
151
143
187
£31
119
162
121
160
99
113
421
361
363
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line beeause
those claims of U.S. banks on their foreign branches and those claims
6,486
174
174
115
151
248
175
163
148
115
173
129
144
169
159
of U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting banks
are included in the series for the first time.
Preliminary.
Treasury Bulletin
102
__________________________________________ 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)
1974
Calendar year
Country
1971
Europe:
Austria..............................
Finland...............................
Italy... .............. ..............
Other Western Europe..... ...............
Canada.....................
L^y^^America:
Chilo................................
Cuba.................................
Panama.... ................ .
Uruguay...... ................. ......
Other Latin American Republics............
Other Latin America.....................
Total Latin America.....................
Asia:
China, People's Republic of
(China Mainland)......................
Hong Kong.............................
India................................
Indonesia.......................... .
Israel..... ...................... .
Japan..................... ..........
Korea................................
Thailand..............................
Other Asia............................
Total Asia................. ..........
Africa:
Egypt................................
South Africa..........................
Zaire...................... .........
Other Africa........... ...............
Other countries:
Australia.............................
All other.... ............... ..... .
Total other countries................. .
Total foreign countries...................
International and regional.................
Grand total..................... ........
y
y
1972
y
■1973
Jan.
Feb.
Mar.
Apr. p
May p
11
57
49
135
267
235
30
159
105
67
12
70
118
145
3
563
19
12
28
37
2,122
1,530
11
57
49
135
263
235
30
160
105
67
12
70
118
145
3
559
19
12
28
37
2,114
1,627
8
120
59
118
330
321
29
255
108
69
19
207
156
125
6
849
22
20
41
49
2,911
1,897
8
120
59
118
330
321
29
255
108
69
19
207
164
125
6
997
22
20
41
49
3,067
1,914
11
148
48
108
621
311
35
316
133
72
23
222
153
176
10
1,456
10
25
46
61
3,985
1,960
14*
134
50
106
649
342
41
313
139
85
25
208
135
240
11
1,490
9
19
29
64
4.104
1,880
36 •
143
60
93
682
382
36
330
147
91
25
180
106
338
9
1,621
15
20
36
65
4.416
2,037
20
216
76
97
743
395
37
482
174
76
37
284
121
270
16
2,009
12
22
33
70
5.190
2,243
40 i
183 *
57
115
721
355
47
504
174
86
29
318
132
327
18
1,626
13
28
30
65
4,865
2,190
32
•155
67
124
623
441
48
512
202
96
33
322
95
427
8
2,164
25
45
38
96
5,552
2,359
305
262
429
139
380
13
936
125
176
41
268
374
18
25
3,490
305
262
435
139
380
13
934
125
176
41
268
374
18
26
379
519
649
52
418
13
1,202
244
145
40
383
388
14
36
4,480r
498
873
900
151
397
12
1,370
266
178
55
517
490
13
140
5,861
521
577
953
136
425
11
1,344
294
186
58
482
542
17
356
5,904
539
1,041
958
155
428
11
1,418
297
184
51
510
546
19
461
6.619
679
1,287
1,114
180
459
13
1,426
345
194
44
586
600
29
268
7,224
686
1,148
1,180
193
467
13
1,627
390
224
38
627
617
20
259
7,488
641
1,919
1,315
165
473
13
1,650
406
264
38
557
618
27
188
3,494
379
476
649
52
418
13
1,202
244
145
40
383
388
14
36
4,437
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
4,158
296
149
191
300
5,589
1
194
93
14
87
105
4,152
296
149
191
300
5,584
31
140
147
16
88
166
6,400
403
181
273
394
8,238
24
119
169
16
105
153
6,466
432
189
322
466
8,463
19
147
189
15
107
140
6,960
477
182
364
560
9.159
27
183
170
19
97
165
7,857
497
197
405
521
10.137
19
231
179
18
71
140
8,599
555
223
434
691
11,160
18
315
166
25
105
135
9,714
632
258
389
661
12,415
10
4
156
21
99
291
10
4
156
21
96
288
21
4
143
13
124
304
21
4
143
13
118
35
5
129
61
158
388
42
4
133
56
178
40
4
134
67
175
W,
429.
42
21
131
61
210
466
44
9
153
79
192
477
54
4
206
72
218
554
158
28
186
13,167
158
28
186
13,269
291
40
330
15,468
291
40
330
318
59
377
353
66
420
299
15,674
243
43
286
20,718
279
37
.
216.
21,080
1
21,081
3
3
3
3
1
13,170
13,272
15,471
15,676
20,719
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
268
49
328
64
392
*
8,274
J21Z.
22.967
1
2^653.
1
26,558
1
29,572
1
22,968
25,654
26,559
29,574
-- --- -i
column are comparable to those shcmn for the following date
2/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
103
July 1974
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 M ay 31, 1974
Preliminary
Country
Total
short
term
claims
Total
(Position in millions of dollars)
Short-term claims payable in dollars
_
loans
Collections Accept
outstanding ances
for account made for
Foreign
account
banks and
of report
of
Other ing banks
Total official
and domestic foreign
insti
ers
customers
tutions
Short-term claims payable
in xoreign currencies
Other
Deposits of
reporting
banks and
Total domestic
customers
with
foreigners
Foreign
government
obligations
and commer
cial and
finance
paper
Other
Eurone:
Denmark..................
Finland..................
France...................
Greece...................
Spain....................
Sweden....................
Switzerland...............
United Kingdom........ ....
Other Eastern Europe........
Total Europe..............
Canada.....................
32
155
67
124
623
441
48
512
202
96
33
322
95
427
8
2,164
25
45
38
96
27
144
64
123
587
329
48
494
160
91
31
313
87
391
8
2,095
23
43
37
95
17
100
32
69
184
175
25
337
57
53
11
236
70
308
4
723
18
31
23
79
16
84
29
59
145
146
20
289
34
43
10
164
55
233
3
632
16
30
20
79
1
16
3
10
40
29
5
48
23
10
1
72
14
76
1
91
2
2
2
1
7
21
10
6
66
53
16
92
30
14
19
52
14
22
4
87
4
10
10
9
1
*
17
48
9
4
5
36
6
23
1
25
3
4
73
1
2
5
2
24
5
*
327
97
1
30
67
1
*
1
*
56
*
1,211
1
*
4
2
4
11
2
1
36
112
*
18
42
5
3
8
8
36
*
69
2
1
1
*
4
10
2
1
24
110
*
12
41
5
3
8
8
30
*
62
2
1
*
*
_
_
-
*
2
*
*
13
3
*
6
1
*
*
1
*
6
*
7
*
*
*
*
38
54
-
*
*
-
-
5,552
5,192
2,552
2,106
446
548
262
1,829
360
322
*
2,359
2,024
568
205
363
42
98
1,316
335
172
110
641
1,919
1,315
165
473
13
1,650
k06
264
38
557
618
27
188
639
1,903
1,314
165
473
13
1,625
405
264
37
523
617
27
187
269
368
840
49
311
100
311
682
40
215
170
57
158
9
95
70
7
210
18
36
12
78
23
38
4
70
131
10
38
275
2
233
96
109
25
1,526
31
3
17
1
65
42
3
1
17
39
*
69
2
16
1
*
*
1
3
*
*
*
*
-
-
25
1
*
*
34
*
*
*
14
*
*
*
12
*
Latin America:
Bahamas........... ........
Chile...........................................................
Colombia..................................................
Cuba............................................................
Mexico........................................................
Panama,.............. ............... ......................
Peru................... .........................................
Uruguay.......................................... ..
Venezuela.................................................
Other Latin American Republics,
Netherlands Antilles & Surinam.
Other Latin America.........
Total Latin America..........................
-
1,394
290
211
12
389
256
17
54
_
692
151
172
7
103
126
3
20
-
702
139
39
6
285
130
15
34
-
88
50
12
19
47
191
*
27
8,274
8,194
4,459
2,621
1,838
746
1,150
Asia:
China, People's Republic of
(China Mainland)...............................
China, Republic of (Taiwan)....
Hong Kong.............................................
India...........................................................
Indonesia........................................
Israel........................................................
Japan..........................................................
Korea....................
Philippines...............
Thailand..................
Other Asia................
18
315
166
25
105
135
9,714
632
258
389
661
16
314
164
24
105
134
9,650
632
257
386
653
15
113
58
8
89
84
1,257
146
120
64
257
15
102
19
8
26
83
1,044
143
79
60
212
*
11
40
*
63
1
213
3
41
4
45
1
42
40
10
6
17
3,074
94
61
49
157
Total Asia...............................................
12,415
12,336
2,213
1,790
423
Africa:
3gypt...........................................................
Morocco..................
South Africa...............
Zaire....................
Other Africa..............
54
4
206
72
218
54
4
190
72
218
10
2
76
65
117
10
2
42
37
79
Total Africa..............
-
*
1
13
1
*
*
-
*
-
11
*
*
*
22
*
*
*
*
49
-
-
1,839
79
30
122
42
*
8
32
3,668
362
53
233
122
*
38
24
5
2
*
1,651
30
23
40
117
1
*
1
1
*
1
64
*
1
2
8
1
*
1
1
*
1
56
*
2
7
*
*
7
*
*
1
*
3,549
4,643
1,931
78
70
*
9
*
*
34
28
37
2
1
46
1
73
42
*
64
6
24
*
*
4
1
4
*
1
16
*
*
*
1
8
*
*
-
-
*
*
8
*
-
-
-
-
*
*
*
*
-
*
-
-
554
537
269
169
99
123
136
10
17
9
*
8
Other countries:
Australia.................
All other.................
353
66
342
64
99
7
61
3
38
4
48
25
188
10
8
22
11
2
7
2
3
-
*
Total other countries......................
420
407
107
64
42
72
198
30
13
9
3
1
29,572
28,689
10,167
6,956
3,211
5,080
6,486
6,956
883
611
113
159
1
1
1
1
1
-
-
-
-
-
-
-
28,691
10,168
6,957
3,211
5,080
6,486
6,956
883
611
113
159
iB feem aftAgnal aqd rqgipnal...............
29,574
*
Less than $500,000.
1
Treasury Bulletin
104
_____________________ CAPITAL MOVEMENTS_______________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
Total
long-term
claims
End of
calendar year
or month
1957..................
1958....... ..........
1959..................
1960..................
1961..................
1962...................
1963-May 1/.............
1963 1/................
1964 1/................
f
\
J
I
J
^
1965..................
1966..................
1967..................
1968..................
1969..................
1970...................
1971..................
1972 1/................
1973..................
1973-*fey.....................................
June..............
July..............
Aug...............
Sept..............
Nov...............
Dec...............
1974-Jan...............
Feb...............
Mar...............
Apr. p..... .......
May p.............
Lotms
Total
Total
Official
institutions
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
703
716
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.
2,293
2,379
2,837
3,030
3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
2,293
2,379
2,260
2,346
2,781
2,811
3,777
3,995
4,211
3,915
3,635
3,158
2,806
2,698
3,345
4,539
4,555
5,310
5,020
5,100
5,119
5,012
4,885
5,037
5,248
5,310
5,252
5,270
5,432
6,018
6,088
f
*
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
4,954
^ 5,029
5,862
4,914
4,990
5,790
5,523
5,609
5,628
5,524
5,410
5,593
5,788
5,862
5,803
5,873
6,049
6,660
6,706
5,475
5,563
5,574
5,478
5,341
5,513
5,711
5,790
5,724
5,795
5,974
6,584
6,639
'
1/ Da+a on the two lines shoirn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shoirn for the preceding date; figures on the second
line are comparable to those shewn for the following date.
793
702
669
528
502
504
575
833
836
1,129
932
978
957
1,002
1,010
1,041
1,127
1,129
1,115
1,166
1,253
1,550
1,548
n.a.
p
*
r
Banks
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
571
545
550
554
514
508
538
555
571
559
580
627
721
746
Not available,
Preliminary,
Less than $500,000.
Revised.
Other
foreigners
Other
long-term
claims
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,289
3,610
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,543
3,572
3,609
3,496
3,367
3,458
3,566
3,610
3,578
3,525r
3,552
3,747
3,793
Payable in
foreign
currencies
33
33
n.a.
n.a.
n.a.
n.a*
n.a.
n.a.
*
*
54
217
195
288
297
247
274
394
426
352
300
375
435
480
2
2
*
1
9
18
15
16
18
25
22
40
40
72
455
464
455
466
456
476
463
480
472
524
542
566
550
48
45
54
46
70
80
78
72
79
79
75
76
67
105
July 1974
____________________ CAPITAL MOVEMENTS_______________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Postion at end of period in millions of dollars)
Calendar year
1974
Country
1970
1971
Europe:
Canada,,,,,, t,,,, TTtf .T.TT...TT..TT... rtr...
La^iq America:
Chilp...............................
Other Latin American Republics...........
Netherlands Antilles and Surinalff..........
1972 1/
Feb.
Mar.
Apr.p
3
21
34
20
164
91
97
59
20
49
6
108
31
6
43
137
71
6
127
146
1,239
5
16
36
19
164
93
132
60
20
48
6
107
32
6
46
144
71
5
129
162
1,302
18
13
39
23
371
91
169
95
22
47
6
114
36
6
49
190
96
5
168
176
I
484
457
18
14
35
20
182
93
146
92
19
51
6
116
38
7
47
146
76
4
129
170
1,409
473
x36
30
633
132
86
•*
426
56
64
2
277
149
5
37
2,033
137
29
673
131
86
_
448
56
78
2
253
148
6
14
2,061
1973
Jan.
May p
1
22
2
11
127
102
45
33
4
13
18
93
49
8
8
130
35
6
*
16
723
228
1*
18
11
16
146
100
44
49
11
19
28
102
48
5
9
145
48
6
43
849
406
*
18
11
16
146
100
44
49
11
19
28
106
40
5
9
145
48
6
43
845
406
1,325
123
4
331
91
80
*
372
35
36
23
224
129
4
7
1,458
150
19
577
174
108
*
383
57
71
10
264
167
7
10
1,996
153
19
582
174
108
*
385
57
71
10
270
167
7
10
2,012
137 I
21 U
649
136
87
1
444
62
59
6
296
134
6
35
2,072
*
19
2
44
6
15
115
98
234
32
99
663
22
7
81
10
35
246
79
160
22
165
829
49
4
73
23
147
319
79
163 %
17
326
1,200
49
4
73
23
149
353
96
162
17
326
1,253
62
90
15
54
29
212
247
103
160
18
539
1,529
58
96
13
53
28
212
253
111
150
17
|
545
1 1.537
60
106
14
52
32
222
249
100
155
16
537
1,542
158
17
548
1,548
1,574
*
3
20
6
98
127
5
50
17
113
184
*
3
70
35
148
257
*
3
70
36
158
267
16
2
88
31
215
352
16
2
83
31
205
337
16
2
83
30
208
339
16
2
81
29
205
334
16
1
84
36
217
355
16
1
83
36
212
142
22
222
18
240
227
16
227
16
...m
4,950
4
,?4?
5,025
4
154
23
177
5,858
138
27
165
5,867
7
125
26
151
6,044
b
142
27
..i W '
142
25
167
"4
138
29
167
5,798
5
6,655
5=
6,701
5
5,862
• 5,803
5,873
6,049
6,660
6,706
13
2
19
88
35
39
4
8
24
14
83
35
3
■*
71
25
6
12
482
312
135
7
251
82
59
.
367
44
68
19
155
122
8
8
•
3
22
29
20
172
91
87
60
20
47
8
113
28
3
39
140
72
5
129
152
1.240
489
1,736
18
13
42
29
314
86
170
95
20
49
6
115
38
6
76
214
94
7
170
187
1,749
478
467
141
24
723
137
92
_
462
48
72
2
257
149
6
16
2,129
142
34
749
138
88
*
579
58
83
2
285
161
8
16
2,344
145
41
757
137
86
_
578
51
84
2
292
176
35
18
2,401
55
108
14
51
38
205
248
52
110
16
46
39
246
246
113
158
27
521
53
116
18
45
42
258
233
115
158
14
517
1,569
Asia:
China, People’s Republic of
China, Republic of (Taiwan)..............
Africa:
Egypt...............................
106
348
Qlher counties:
All other............................
Total foreign countries...................
... 164..
3,074
1
3,663
5
3,667
4,954
3,075
— ...
1—
1 "1 —
1/ Data in the tiro columns shown for this date differ because of changes
2/
in reporting coverage. Figures in the first column are comparable
*
in coverage to those shown for the preceding date; figures in the
p
second column are comparable to those shown for the following date.
5,029
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,OCX),
Preliminary,
Treasury Bulletin
106
flA P T T A T , M O V B M R W T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of May 31, 1974
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Total
long-term
claims
Country
Total
Loans
Eurone:
1
Denmark.......... .
F-inland
FrAnnet,,,ttmT,TtTTTTTt,TTtTT.T..T_.T.
Greece.................. ........
Italy...........................
Netherlands.............. .
Turkey...........................
United Kingdom..........................
Yugoslavia.......................
Other Eastern Europe...............
Other
18
13
42
29
314
86
170
95
20
49
6
115
38
6
76
214
94
7
170
187
18
13
42
29
314
79
170
94
14
49
6
115
38
6
76
214
92
7
170
187
18
11
42
29
295
77
162
84
12
48
6
109
38
6
74
151
92
6
168
181
*
2
*
*
19
2
9
10
2
1
*
6
*
1,749
1
63
1
1
2
5
Long-term
claims
payable in
foreign
currencies
:
7
1
5
*
2
1,734
1,610
124
15
467
424
376
48
43
145
a
757
137
86
144
41
756
137
86
108
38
715
62
76
36
3
40
75
10
1
578
51
84
2
292
176
35
18
578
51
84
2
290
176
35
18
550
48
80
1
273
165
31
18
28
3
5
1
17
11
4
1
1
2,401
2,397
2,165
232
3
53
116
18
45
42
258
233
115
158
14
517
53
116
18
45
42
258
233
115
158
14
517
53
95
18
45
40
254
196
97
137
12
502
21
1
*
1
3
37
18
21
3
15
1,569
1,569
1,449
120
-
16
1
83
36
212
16
1
77
36
212
16
1
74
34
198
*
-
4
2
14
5
348
343
323
20
5
Other countries:
Australia.................... .
All other........................
142
25
142
25
137
25
5
*
-
Total other countries..............
167
167
162
5
-
Total foreign countries..............
6,701
6,634
6,085
549
67
International aiy3 regional............
5
5
4
1
-
Grand total........................
6,706
6,639
6,088
550
67
Latin America:
Chile..........................
j
!
1
Other Latin American Republics......
!
Asia:
China, People's Republic of (China
China, Republic of (Taiwan)..........
Hong Kong....... ................ .
India...........................
Indonesia.............. ..........
Israel...........................
Japan.... ....................... 1
Korea........................... 1
Philippines............ ..........
Thailand.
Other Asia.......................
Africa:
Egypt...........................
Morocco.......... ...............
South Africa......................
Zaire...........................
Other Africa......................
Total Africa................. .
.*
Less than $500,000.
1
-
-
-
107
July 1974
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
195 7
.
566
491
428
62
75
195 8
.
499
440
368
71
60
664
581
512
69
83
195 9
1960 g/.... .
(
(
574
596
485
507
424
437
s ]
89
1961-Mar._2/.,
f
{
674
691
583
600
510
525
73 \
76 J
91
f
1
756
778
673
684
563
572
111
113j
83
94
833
678
569
109
155
1962-June 2/.
(
{
778
817
626
665
527
551
114 J
Dec. 2/.
f
{
798
805
637
644
508
513
129
130 J
161
775
626
479
148
148
763
725
622
585
471
441
151
^
144 J
140
807
700
556
144
107
810
600
210
f 136
^ 147
1,419
1,089
827
262
329
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
I 4,428
1,786
2,124
1,399
1,654
387
471
5,780
2,677
2,181
496
1,725
2,304
3,10a
f 5,863
^ 5,901
2,704
2,763
2,229
2,301
47!?
463
3,133
f 6,659
t 7,319
7,437
3,119
3,453
3,392
484
511
3,540
3,866
522
579
4,045
4,030
June £/.,
Dec... .
1963......
f
{
1964-June £/.
Dec...
1965 Z/....
196 6
1967 2/....
196 8
1969 2/....
197 0
1971 2/....
1972 2/....
1973-Mar..
June.
Sept..
Dec.p.
■
(
8 1 }
151
3,159
7,403
3,373
2,<>35
2,942
2,871
2,795
7,973
3,720
3,001
720
4,253
4,167
3,391
777
4,115
8,283
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
shewn.
1/ Data are shawm for calendar year ends and for
quarter ends for which figures are available.
reporting coverage which
not shown; in such
the following date is
most recent five
Data are also shewn
for earlier quarter ends when the reporting coverage changed.
Data on the two lines shewn for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shewn for the preceding date;
figures on the second line are comparable to those shewn for
the following date, p Preliminary.
108
Treasury Bulletin
____________________________________________CAPITAL M OVEM ENTS.___________________________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1973
Country
Europe:
Austria...................
Belgium-Luxembourg..........
Denmark...................
Finland...................
France....................
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Spain.....................
Sweden...... .............
Switzerland.............. .
Turkey....................
United Kingdom..............
Yugoslavia.................
Other Western Europe.........
1969
1970
4
69
3
8
5
46
66
2
2
2
137
219
4
87
90
4
10
59
38
134
3
470
2
21
1
2
2
126
139
4
77
128
5
13
24
34
159
4
882
4
11
2
2
1971 1/
1972 1/
5
65
2
2
136
142
117
4
108
70
5
16
117
4
103
69
5
16
65
17
104
66
17
104
2
2
817
3
890
3
2
2
83
7
4
167
157
15
9
4
79
12
122
3
949
7
2
Other Eastern Europe.........
Total Europe...............
Canada......................
fe&in America:
Argentina................
Bahamas 2/.................
Brazil....................
Chile.....................
Colombia...................
Cuba.....................
Mexico........... .........
Panama....................
Peru.....................
Uruguay...................
Venezuela............ .....
Other Latin American Republics..
Netherlands Antilles & Surinam..
Other Latin America...........
Total Latin America.........
Asia:
China, People’s Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong..................
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
3
1.359
1.671
*
4
1.551
227
221
181
9
39
18
162
19
18
18
275
289
21
22
19
323
35
11
6
*
14
7
*
14
7
*
18
8
1
22
22
22
27
5
4
4
18
37
23
5
7
5
7
8
2
2
16
6
*
*
•*
Grand total..................
2,124
2,677
2,704
10
7
*
17
4
12
5
16
43
2
4
187 .
11
6
329
16
33
3
5
429
1
1
1
3
7
18
5
14
143
9
9
38
9
24
144
2
1
20
9
3
26
233
7
4
49 ....
296
181
2
75
9
4
163
145
24
118
102
2
*
4
1.611
*
3
lt8 ?0 ,..,
1
18
11
12
2
81
8
19
4
165
4
161
147
19
107
121
102
109
14
4
81
13
14
5
82
23
134
3
901
111
4
1,063
7
16
2
2
*
1 .8 1 2
209
215
268
29
371
35
18
7
6
30
310
42
17
8
*
34
17
4
5
23
46
1
27
18
4
7
21
17
35
45
10
10
7
519
4
595
32
28
32
26
12
12
27
26
7
10
10
10
10
12
12
177
13
7
3
142
420
173
13
5
3
141
149
7
16
13
213
20
21
15
5
117
,._412_
. 410..
16
5
.152 _
— 512--
5TL....
1
1
68
34
67
60
7
67
2,124
75
7
82
2,677
46
9
55
2,704
42
47
13
60
3,119
45
14
59
3,453
65
3,392
*
*
*
*
2,763
3,119
1/ Data in two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
3
6
18
I,?#. ..
236
3
6
25
2,090
255
24
415
47
13
7
*
37
18
24
364
42
13
38
419
64
8
6
10
2
9
*
44
13
15
*
36
17
3
23
47
20
2
42
32
15
14
14
24*
296
37
17
34
50
22
6
36
31
2
2,763
6
833
31
35
13
7
15
9
283
18
38
78
8
79
32
147
9
13
77
47
108
14
928
28
32
33
17
7
16
16
244
19
26
5
156 ..
28
52
31
10
12
768
14
2
115
626
3
34
32
3
37
9
1
8
1
6
12
56
92
59
10 L
25
3
7
108
11
1
1
1
24
103
113
13
4
72
25
83
3
747
17
3
P
131
9
7
168
229
35
116
134
-19
670
1
1
1
2
129
18
7
165
193
33
182
16
...1.687 _
250
Dec. p
9 ...
555
7
31
Sept.
24
58
7
10
_
June
3
75
*
3
,.,1*967
5
32
3
5
442
Mar.
58 .
1 ?1 - -
20
18
7
15
11
345
20
20
6
17
6
179
684
140
577 .
20
11
7
13
6
12
60
105
54
72
11
11 -
, -82
...?*2?3
6
19
84
___
94
9
103
3,720
..3*222
hm.
h m
.
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less then $500,OCX),
p Preliminary,
50
67
j6 ?
&
6
240
737
25
15
14
19
113
186
118
13
_ y i ..
4,167
*
...
109
July 1974
_______________________________ CAPITAL MOVEMENTS___________ __________________
Section III - Liabilities to Foreigners Reported by Nrabanking Concerns in the United States
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of D ecem ber 31, 1973
Preliminary
(Position in millions of dollars)
Total
short-term
liabilities
Country
Payable in
dollars
Payable in
foreign
currencies
Europe;
3
131
9
7
168
229
35
116
134
9
13
77
47
108
14
928
28
3
Belgium-Luxembourg..........
Finland...................
Italy.....................
Other Eastern Europe.........
Latin America:
Argentina.................
Bahamas...................
Brazil....................
Chile.....................
Colombia,..................
Cuba.......... ...........
Mexico... .................
Panama....................
Peru.....................
Urugaay...................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
1
6
21
2
6
*
25
2,090
23
1,546
544
255
198
57
38
419
64
380
39
62
19
1
8
1
31
*
a
13
14
2
46
58
6
22
702
7
1
2
7
*
*
2
1
1
*
4
9
*
*
66
684
1
1
3
1
*
1
38
*
1
1
5
53
25
15
14
19
113
186
25
15
13
18
110
180
*
*
2
1
3
7
118
13
131
68
12
80
50
1
51
4,167
3,391
777
*
*
4,167
3,391
240
Africa:
Egypt.....................
2
3
37
294
42
32
15
14
14
24
296
37
17
6
1
13
76
45
71
1
26
34
*
*
12
9
*
44
13
15
2
50
67
6
22
768
India.....................
100
8
*
39
*
*
23
74
634
20
Asia:
China, People’s Republic of
(China Mainland)....... ---China, Republic of (Tainan)...
3
93
9
7
145
156
34
90
73?
41
31
12
13
14
23
258
36
16
5
235
Ojhgr.cQuntrjep:
All other.................. 1
International and regional......
Grand total.................
* Less than $500,000.
777
...
110
Treasury Bulletin
______________________________ 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
1973
R
Country
Europe:
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...............
Canada......................
1969
1970
1
144
*
56
675
*
152
76
*
7
5
7
325
_
658
*
5
1
174
14
*
261
41
*
261
a
111
614
*
161
140
*
7
5
5
424
*
1,087
*
5
72
558
19
201
164
*
4
5
3
453
81
553
19
201
164
*
4
5
3
455
866
*
*
2,111
2,747
890
*
*
_
2,670
2,652
*
254
43
*
78
348
20
152
236
*
*
3
*
475
*
949
*
*
_
2,560
47
67
72
73
64
2
85
1
1
*
5
13
*
5
1
2
*
*
115
3
188
2
1
*
*
14
1
5
2
2
1
*
219
1
285
1
1
*
1
14
*
*
2
3
10
*
319
1
280
1
1
*
1
14
*
*
2
3
10
*
314
*
_
1
*
_
5
11
*
*
K6
23
*
*
*
*
_
5
30
*
1
*
5
42
_
*
*
*
_
5
39
*
1
*
1
47
_
*
*
*
_
5
39
*
1
*
1
47
6
6
481
*
5
*
1
495
*
*
1
*
*
*
*
6
*
*
*
_
7
*
*
*
_
7
1
6
7
7
*
21
*
8
2,304
1971 1/
1972 1/
2
218
43
*
86
370
20
160
246
*
*
I
Mar.
I
2
213
42
*
88
374
22
149
2?4
1
2
Sept.
June
*
227
42
*
83
393
22
148
5
194
42
*
71
399
8
149
277
2
*
2
5
548
*
1,161
*
*
Dec.p
2
176
36
*
50
396
8
141
253
2
*
4
5
546
*
1,201
*
*
*
*
1,060
*
*
_
2,§3^
268
2
*
3
5
577
*
1,037
*
*
_
*
2,809
86
89
91
92
1
250
1
1
*
1
11
3
1
2
4
64
1
340
1
343
1
1
*
1
11
1
1
2
4
18
1
385
1
397
1
1
*
1
1
489
1
1
1
3
5
1
*
2
7
4a
1
410
1
1
*
2
5
1
*
1
5
5
9
441
_
*
*
1
*
*
*
1
1
*
482
*
5
*
1
497
*
*
1
1
*
7
565
*
6
*
1
5^2
*
*
1
1
*
8
570
*
6
•*
2
587
*
1
1
1
*
8
622
*
*
*
*
6
*
*
*
*
*
2
*
*
2
-
-
-
6
1
1
*
*
7
1
1
7
6
6
3
3
8
9
45
*
45
*
74
*
74
*
93
*
99
*
121
*
135
*
21
45
45
74
75
93
99
121
135
3,102
3,159
3,138
3,*40
3 ,8 6 6
4,045
4,030
4,25}
4,‘iiS
_*
*"
4,045
4,030
""
4,253
5
567
*
1,096
*
*
_
-
I
I
I
I
*
3
5
605
*
2,865
2,821
101
Latin America:
Bahamas 7/ .....................
Chile.....................
Other Latin American Republics..
Netherlands Antilles & Surinam..
Total Latin America.........
Asia:
China, People1s 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
_
—
—.
..... I —
3,102
3,159
Grand total..................
3,138
2,304
l/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
<
.
,
2/
*
p
3,540
..
3 ,8 6 6
6
1
1
2
6
18
6
6
9
524
6
*
2
442
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
1
466
1
1
1
3
4
*
*
2
9
5
9
501
*
1
27
1
*
8
501
*
6
*
2
548
2
*
6
r_
111
111
July 1974
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
1/
Payable in foreign currencies
Total claims
Total
947
1957..............
Payable in
dollars
Long-term
claims
Deposits with banks Other short-term
abroad in reporter's claims payable in
own name
foreign currencies
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
^1,859
1,432
1,505
824
875
58
71
549
560
344
354
1,248
1,305
939
968
76
89
233
248
385
396
1,496
1,528
1,181
1,208
122
126
193
194
399
406
Sept. 2/.......
f 1,633
\ 1,701
f 1,895
\ 1,934
f 2,099
\ 2,117
1,646
1,664
1,323
1,340
131
132
192^1
192 J
453
Dec...........
2,138
1,636
1,335
150
151
502
1962-June 2/........
[ 2,443
1 2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
Dec. 2/........
f 2,809
1 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
200 J
816
June 2/........
f
3,048*1
^3,164J
2,282
1,877
222
183
Dec. 2/........
f
2,854
2,922
2,131
2,188
1,739
1,778
201
199
191
211
V23
734
f
3,297
\^3,245
2,482
2,430
2,000
1,952
220
219
262^1
260 J
815
Dec. 2/........
f
3,738
1 3,934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
1965 Z/............
f
3,565
13,438
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
1961-Mar. 2/........
June Zl........
1964 -June Z/••......
1966..............
f
\
766
882
1967 Z/............
f 4,483
( 4,581
2,946
3,011
2,529
2,599
201
203
1968..............
5,572
3,783
3,173
368
- 2A1
1.790
f
5,925
1 6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
f 8,303
3,122
3,579
4,535
4,467
234
318
290
348
2,950
^
4,160
5,185
5,004
333
247
3,118
3,118
1972 2/__ .........
f 9,094
^9,747
5,723
6,254
5,074
5,576
411
396
238
282
3,370
3,493
1973-Mar...........
10,727
7,092
6,191
464
437
3,635
June..........
11,036
7,329
6 ,4 6 8
503
358
3,708
Sept..........
11,602
7,742
6,791
535
416
3,860
Dec. p.........
12,472
8,510
7,576
487
447
3,962
1969,2/............
1970..............
1971 2/............
Note: Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
p Preliminary.
112
Treasury Bulletin
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)
1973
Calendar year
Country
1969
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.
ganada.....................
Latin America:
Argentina..................
Bahamas j§/.................
Brazil............ ...... .
Chile....................
Colombia..................
Cuba.....................
Mexico...................
Panama...................
Peru.....................
Uruguay..................
Venezuela.................
Other Latin American Republics.
Netherlands Antilles and Surinam
Oohcr 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...
(fther, cowries:
Australia....
All other....
Total other countries.
Total foreign countries.
5
59
16
7
122
219
19
155
64
17
1970
10
1971 1/
3
19
1,909
47
17
11
150
209
28
163
62
16
15
81
40
47
8
698
17
9
1
23
1,652
14
62
15
18
208
192
35
191
69
13
16
125
40
63
9
957
13
13
14
13
2,080
“842
769
909
54
87
61
188
55
366
150
47
46
1
151
21
34
5
81
101
9
24
1,090
10
77
32
45
12
999
18
12
86
120
41
33
1
148
19
30
7
56
90
6
17
677
48
37
1
156
18
36
6
67
99
9
29
874
19
33
17
34
21
23
323
42
30
11
_M5_
678
1
41
24
37
29
23
411
68
49
15
146
844
9
3
30
3
JtL
92
9
3
41
6
97
156
83
19
70
80
15
94
4,159
4,159
11
37
12
36
255
28
40
15
117
572
9
4
30
4
_i2_
88
60
10
1972 1/
20
Mar.
1,402
14
9
26
15
2,897
18
9
73
2,951
48
__ ££_
3,035
965
1,366
1,305
1,339
1,255
79
585
172
34
39
1
181
85
36
4
92
95
13
—
1,450
74
571
176
31
40
1
194
84
33
5
107
96
65
746
208
34
43
1
185
AL.
1,467
60
766
183
29
36
1
203
83
34
5
101
103
11
90
1,705
75
630
230
42
40
1
235
124
47
5
143
134
12
213
1,930
77
37
29
51
27
506
46
64
24
207
1,079
220
192
34
186
68
13
16
124
40
63
9
947
13
13
14
13
2,052
176
39
194
78
17
137
56
79
47
1,044
12
12
14
23
19
2,309
12
23
19
2,519
781
899
54
59
520
175
33
41
1
180
19
40
4
89
91
21
34
5
81
99
9
J&L
1,084
12
.22.
1,2
1
41
23
35
28
12
67
24
33
33
31
456
63
49
15
201
972
59
23
206
1,042
1
62
33
32
53
34
520
53
63
25
.191.
1,072
a
6
9?
155
7
3
53
5
73
140
16
4
52
8
90
170
25
5
56
16
JL.
184
102
17
98
94
20
114
83
-22.
107
81
JL.
105
4,159
5,182
5,000
5,723
6,254
4,160
5,185
5,004
5,723
6,254
22
405
68
48
15
JAL.
830
9
2
17
105
46
44
303
283
51
1,426
202
19
73
29
25
228
195
35
202
84
16
19
157
57
82
48
1,184
148
46
45
1
151
15
112
21
31
275
265
52
17
109
20
62
28
23
366
Dec.p
14
121
26
21
288
245
36
204
101
18
19
159
45
87
23
14
60
15
18
21
Sept.
65
33
34
48
31
475
68
21
315
273
40
201
96
19
25
140
49
90
14
20
201
240
119
118
18
50
245
70
100
33
21
24
169
53
64
17
1,491
21
12
102
37
5
104
127
9
__ 105_
1,771
1,488
49
15
77
_______ 22 3;380,.
48
77
38
32
58
28
641
56
70
28
207
1,283
109
73
28
238
1,594
23
3
51
15
-9£_
187
28
5
60
19
90
202
18
3
62
19
125
228
75
26
101
90
22
111
97
25
122
7,091
7,328
7,742
8,509
7,092
7,329
7,742
8,510
11
11
120
41
36
61
J°
8
37
M e m a 1 ; W and regional.
Grand Total............
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to uhose 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 Preliminary.
113
July 1974
_____________________________ 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 Decem ber 31, 1973
Preliminary
(Position in millions of dollars)
Payable in foreign currencies
Total
short-term
claims
Country
Payable in
dollars
Deposits with banks abroad
in reporter*s own name
Other short-term claims
payable in foreign currencies
Europe:
Denmark...................
France....................
United Kingdom..............
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
17
105
46
44
303
283
51
240
118
18
50
245
70
100
33
1,488
49
15
77
27
3,380
17
85
44
44
282
236
50
218
98
17
49
242
67
95
32
1,336
24
15
77
25
3,053
1,255
1,018
*
17
*
*
12
9
*
15
5
1
*
1
*
4
1
99
*
*
*
*
164
66
75
630
230
42
40
1
235
124
47
5
143
134
12
213
1,930
65
625
212
42
38
*
230
119
43
4
136
123
11
212
1,862
*
4
12
*
1
1
*
4
2
*
3
5
*
*
33
11
120
41
36
61
40
837
109
73
28
238
1,594
11
118
34
30
61
38
643
108
67
27
221
1,359
_
1
1
5
*
*
168
*
1
*
7
183
1
26
2
5
*
10
52
18
3
62
19
125
228
14
2
49
17
114
195
4
1
2
2
5
14
*
*
12
*
5
18
97
25
122
65
23
88
26
1
27
6
1
7
8,509
7,576
487
447
1
1
_
*
8,510
7,576
487
447
...
#
4
2
*
9
38
1
7
16
*
*
2
3
1
*
52
25
*
*
1
..........163
172
Latin America:
Chile.....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Asia:
China, People*s Republic of
(China Mainland)....... ---China, Republic of (Taiwan)...
i
!
!
Africa:
Egypt.....................
11
*
6
*
1
4
1
1
1
4
5
*
1
35
1
6
1
Other countries:
International and regional.....
* Less than $500,000.
Treasury Bulletin
114
______________________________ CAPITAL MOVEMENTS _
___________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
End of
calendar year
or month
Payable in dollars
Deposits
Total
short-term
liquid
claims
Short-term
investments 1/
Total
Demand
Time
Payable in foreign currencies
Deposits
Short-term
investments 1/
Demand
Time
•Total
r 917
v. 844
973
691
625
805
19
19
58
557
549
699
114
57
48
227
219
168
45
45
40
90
92
86
88
69
59
901
985
1,306
1,068
66
66
702
786
1,192
133
133
87
116
161
150
203
127
169
55
37
177
178
332
250
269
294
354
302
350
50
51
49
77
77
49
49
60
76
1973................
rl,078
VI,163
1,638
r 1,318
VI,491
1,141
rl,6 4 8
VL,507
/1,965
v.2,255
3,098
1973-Apr............
May............
June...........
July...........
Aug............
Sept...........
Oct............
Nov............
Dec............
1974-Jan............
Feb............
Mar............
Apr............
3,047
3,194
3,209
3,272
3,361
3,224
2,907
3,152
3,098
2,809
3,199
3,652
3,554
1966................
1968................
1970................
1971
1Q7P ?/
28
?51
1,062
697
1,092
1 ,2 2 2
847
1,295
1,205
1,615
1 ,0 7 8
1,446
1,792
2 ,!518
1,8 4 8
2,555
222
408
174
183
173
234
234
307
340
543
430
113
650
644
587
234'
2,397
2,550
2,622
2 ,;278
2,420
118
2,549
74
2 ,6 3 0
2,494
2,585
2,510
2,244
2,517
2,518
2,237
2,564
2,987
2,936
136
642
416
433
453
475
82
78
694
486
636
66
597
571
543
514
570
565
559
476
449
435
430
364
367
348
350
2,667
2,588
2 ,3 1 0
2,581
2,555
2,296
2,629
3,086
2,995
.
130
64
37
59
65
99
60
86
121
120
68
42
68
211
134
167
209
161
148
136
113
149
203
218
209
1
L
Note:
Data represent the liquid assets abroad of large nonbanking concems in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
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,
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
1973
Calendar year
Country
Belgium-Luxembourg........
France..................
Germany.................
Italy..................
Netherlands..............
Switzerland..............
United Kingdom...........
1970
6
12
1971 1/
1972 1/
31
15
14
39
4
14
39
3
22
22
6
3
3
7
372
6
Canada..................
436
Bahamas 2/..............
144
21
Nov.
1973
1,053
61
15
17
23
9
5
1,044
535
775
922
485
593
607
51
23
5
16
34
23
13
17
11
10
6
2
21
2
21
6
6
577
580
702
872
587
443
485
259
259
459
16
1974
Dec.
Jan.
Feb.
11
10
42
13
5
16
8
6
6
3
45
15
4
9
3
11
6
1,053
1,050
775
593
51
Mar.
41
15
7
10
Apr.
35
16
7
9
3
8
1,178
4
5
1,332
1,472
770
868
1,029
928
449
575
712
597
289
Japan..................
58
77
77
132
137
299
265
299
294
301
310
All other countries j/.....
54
61
61
100
116
278
183
278
163
194
186
189
1,141
1,6 4 8
1,507
1,965
2,255
3,098
3,152
3,098
2,809
3,199
3,652
3,554
Total..................
Note: Data represent the liquid assets abroad of large nonbanking concems in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in.
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
2/ Includes the liquid claims of $500 thousand or more held*by reporting
concerns in any country not listed above,
115
July 1974
____________________________ 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, 1974
(Position in millions of dollars)
Payable in foreign currencies
Payable in dollars
Country
Prance....................
Germany....................
Italy............ ........
Switzerland................
Canada....................
Bahamas.......... .........
Total
short-term
liquid
claims
Total
Deposits
7
9
3
8
1,472
30
5
2
1
30
5
2
1
3
3
1,423
3
3
1,421
928
690
35
16
Short-term
investments 1/
_
Total
Deposits
Short-term
investments 1/
_
5
11
5
9
*
5
11
5
9
*
-
2
6
50
6
50
-
639
51
239
38
201
-
-
597
595
590
4
3
3
-
289
131
131
-
158
153
5
All other countries 2/.......
189
114
111
3
74
72
3
Total.....................
3,554
2,995
2,936
60
559
350
209
Note:
Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on foreigners
reported by nonbanking concerns in the United States and are included
in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner,
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
* Less than $500,000.
Treasury Bulletin
116
..CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1973
Country
1969
Europe:
Austria..........
Belgium-Luxembourg...
Denmark..........
Finland..........
France...........
Germany..........
Greece...........
Italy............
Netherlands.......
Norway...........
Portugal .........
Spain............
Sweden...........
Switzerland.......
Turkey...........
United Kingdom.....
Yugoslavia........
Other Western Europe.
U.S.S.R..........
Other Eastern Europe.
Total Europe......
Canada.............
Latin America:
Argentina....
Bahamas 2/...
Brazil.....
Chil<*.....
Colombia.•,..
Cuud......................
Mexico....................
Panama....................
Peru.....................
Uruguay...................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America........
Total Latin America........
Asia:
China, People's Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong..............
India..................
Indonesia..............
Israel.................
Japan.................
Korea..................
Philippines.............
Thailand...............
Other Asia..............
Total Asia.
Africa:
Egypt..........
Morocco....
South Africa.
Zaire...
Other Africa.
Total Africa.
Othercountries:
Australia....
All other....
Total other countries....
Total foreign countries....
International and regional.
Grand total............
1971 1/
1970
1972 1/
*
4
1
3
17
13
58
125
10
13
22
83
68
1
5
152
3
14
M
5
6
3
14
16
57
88
312
22
19
86
51
10
3
146
4
11
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
1
595
1
854
5
832
562
669
65
3
177
200
22
9
77
29
21
1
20
44
Mr
5
71
3
183
261
38
9
60
29
30
2
23
143
*
9
674
Mar.
June
7
7
7
6
26
7
43
55
366
28
16
65
34
29
27
187
16
12
*
7
944
7
6
3
6
43
8
41
64
388
33
15
64
32
46
26
151
15
11
*
7
967
7
7
4
6
53
9
39
73
379
34
15
59
29
49
27
174
14
10
5
832
2
4
7
6
22
7
53
54
343
25
13
70
34
28
15
163
16
11
*
7
878
761
767
833
868
66
4
174
216
34
9
60
29
28
4
30
225
*
7
66
4
174
217
34
9
60
29
28
4
30
225
*
7
59
8
184
236
30
9
60
36
16
4
30
223
¥
7
71
25
187
238
32
9
64
35
16
4
30
239
*
4
861
886
887
902
19
1
14
9
50
142
79
38
9
52
29
2
13
17
46
140
81
42
16
47
33
2
15
21
49
141
79
48
17
62
33
2
15
21
41
136
85
48
17
62
412
432
468
461
4
*
2
*
69
4
•*
2
Mr
64
4
1
6
*•
75
75
71
86
86
87
59
5
78
5
77
5
82
3,115
2
3,118
100
5
105
3,366
41
5
_46_
2,363
JL.
2,950
...*3...
3,115
2
3,118
4
1
6
*
75
2,950
2,363
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.
Sept.
Dec. p
7
997
8
10
4
6
52
13
39
74
381
35
15
58
27
52
25
211
14
5
15
7
1,052
1,078
882
893
894
972
67
115
165
252
20
9
63
37
15
2
31
244
*
3
56
129
146
252
19
10
65
42
18
15
30
245
*
4
53
130
145
253
13
9
80
45
18
18
49
228
1
3
955
1,023
1,029
65
130
147
249
20
9
73
44
18
10
38
239
*
4
1,047
1,046
39
1
17
28
74
156
85
63
16
83
40
1
18
32
75
134
69
63
16
86
42
1
18
31
87
124
70
61
16
87
1
52
1
17
31
86
138
69
58
17
85
20
55
1
17
31
84
152
76
70
18
103
10
57
2
16
30
92
141
76
83
18
88
562
533
538
554
626
611
4
*
9
1
72
5
*
2
1
74
4
*
15
5
77
4
*
18
1
80
4
*
19
1
79
4
Mr
22
2
83
82
101
10A
. m.
112
102
5
107
3,489
110
11
121
3,631
115
12
116
16
121
20
140
4
3,370
.
3,493
4
3,635
127.
3,703
4
3,708
..
,122_
3,856
4
3,860
2/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary.
8
10
2
6
55
13
37
70
340
30
13
55
25
53
26
284
16
5
a
3,959
4
3,002
117
July 1974
.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
195 8
195 9
196 0
1961........
1962........
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974-Jan- May p.
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
305
-544
1973-Ma y
June....
-48
-71
July....
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1974-Ja n
Feb.....
Mar.....
Apr. p...
May p...
-79
-51
40
29
-691
—486
-432
-45
157
-234
11
Official Other
insti
foreign
tutions ers
-237
524
-98
-20
-207
369
-115
-41
1,661
36
95
56
30
51
59
123
-119
3 ,2 8 1
-2 2
-59
-2 0
-245
48
-380
465
5
-688
-22
*
-
-15
-
-28
-9
-39
8
12
15
-722
-506
27
36
19
19
-39
-472
-37
-
-172
-7
-1
-1 0
20
-12
Net
foreign
Gross
purchases
Net
foreign of
corporate foreign
sales
and other purchases
securities
Bonds 1/
Stocks
Inter
national
and
regional
Gross
foreign
purchases
273
165
224
532
-521
302
-315
-151
-427
-121
-161
11
-25
130
57
-165
166
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,738
1,504
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
2,433
2,048
-39
435
252
223
60
207
-173
-375
678
1,070
4,234
2,688
1,582
1,435
4,058
4,733
696
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,871
1,948
321
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,713
5,780
2,745
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
l',543
2,263
2,842
3,832
2,424
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,785
375
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,762
3,756
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
3,381
-33
-69
-71
17
20
-13
-5
1
20
31
166
-82
29
131
8
120
46
132
260
149
117
179
79
200
96
91
231
840
603
491
467
107
522
461
41
188
161
54
106
123
-2
-11
-138
-19
364
321
204
267
778
766
898
632
441
357
226
439
466
462
334
234
228
449
604
481
972
948
1,369
1,482
873
564
631
734
1,272
1,088
878
89
-144
149
200
27
741
459
777
485
283
652
603
628
286
255
-120
134
316
341
214
96
394
4
173
156
49
16
-19
974
741
896
575
571
801
585
846
559
590
59
422
264
288
472
1/ Data include transactions in issues of states and municipalities, and
of corporations and other agencies of the U.S. Government.
422
464
212
86
256
-23
262
12
198
216
8
Gross Net
Gross
Gross
Gross
foreign
foreign foreign foreign
foreign
purchases sales purchases purchases sales
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 bonds
Calendar year
orjmonth
Net foreign
purchases
of foreign
securities
Net foreign
purchases
1958..............
1959..............
I960..............
1961..............
1962 ..............
1963..............
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973 ..............
TQ*7i
MaV
-1,363
-750
-645
-1 ,0 2 6
-512
-562
-8 3 0
-1 ,0 4 8
-460
1973-May...........
June
J\3ly..........
3
34
-105
-69
-25
Sept..........
Oct.......... .
Dec.... *......
1974-Jan...........
Feb...........
Mar...........
Apr. p...........
^
p.._......
p Preliminary.
-944
-1,095
-928
-1,2 4 2
-914
-1,163
-1 ,3 8 0
-1,029
-951
-935
-1,0 6 0
-993
-915
-1,044
-728
-953
-685
-1 ,3 2 0
-1,695
-1,547
-915
-984
-651
-818
-897
-2 4 0
-236 r
-50
-291
-46
-311
-183
-65
-9
22
1
-106
-61
-34
-2 3 8
-213r
-65
-292
-45
-295
-219
-63
Gross foreign
purchases
889
946
883
802
1,093
991
915
1 ,1 9 8
1,778
2,024
Foreign stocks
Gross foreign
sales
1,915
1,458
1,445
1 ,262
2,037
2,086
1,843
2,440
2,692
3,187
2 ,3 0 6
3,6 8 6
1,552
1,490
1,687
1,901
1,474
2,581
2,441
2,621
2,961
2,467
466
142
125
101
96
67
97
104 r
144
71
100
102
103
89
1 ,3 8 2
152
103
207
157
101
336
317r
209
364
145
398
323
153
Net foreign
purchases
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
19
12
12
1
-8
10
-2
-2 2
15
2
-1
-16
36
-2
Gross foreign
purchases
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
943
137
123
108
117
115
129
156
159
209
206
167
189
173
Gross foreign
sales
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
925
125
111
107
125
105
131
178
144
207
206
183
153
175
Treasury Bulletin
118
.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
rs or a net outflow of capital from the United States)
(In millions or dollars :negative figures indicate net sales by fore
Calendar year
| * 1973
1974
Country
Portugal..................
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Canada......................
iAibiij.,America:
Chil°.....................
Colombia,..................
Panama........... .... .....
Peru........ .............
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America...... .
Asia:
China, People's Republic of
India.....................
Thailand......... .........
Dec.
Jan.
■
Feb.
Apr. p
1973
*
-1
*
*
*
*
*
*
*
4
26
-149
55
-1
*
*
*
*
*
*
*
*
*
79
-15
4
*
*
*
1
*
1
1
*
*
5
*
150
-11
95
*
*
*
*
-3
5
*
-1
*
*
*
*
25
*
48
*
_
*
*
*
*
70
-4
23
_
-
_
_
_
5
*
*
_
*
-1
15
_
-
_
*
*
*
-1
*
*
*
25
*
13
*
-11
_
_
_
-
-68
67
377
242
24
75
267
89
15
18
37
235
.-io.
15
*
*
*
*
*
_
*
*
3
2
*
1
7
_
*
*
_
*
*
*
2
*
*
_
*
_
*
*
-l
*
*
*
*
*
*
_
*
*
_
*
*
*
-20
_
*
1,662
*
*
*
*
_
*
2,663
*
*
*
_
171
2
-1
1,642
2,664
173
Europe:
Italy.....................
1974
through
May p
1972
1971
... ..2 _
_
*
_
*
.
*
*
i
!
1
i
i
_
-35
-35
125
125
*
*
25
-
*
*
-1,053
*
*
-1,053
Africa:
Egypt.....................
_
2
-1
_
_
_
_
_
_
*
_
_
_
_
_
-591
_
_
_
-591
15
*•
_
_
*
_
_
_
_
_
*
Mar.
*
*
*
*
2
*
_
_
_
*
*
*
_
*
...
_
_
_
.
-
-348
-
*
I
-
-486
__.r348
•
1
1
j
:
|
1
■i
-1
_
_
25
25
-1
..
_
_
*
*
*
*
_
-
_
*
_
_
-709
-487
-4?2
173
-7
166
1
-
19
1
-
1
. 20
-544
-486
-432
*
_
_
_
-15
_
_
-15
_
_
.
-
-1
19
___ 1__
*
.
_
_
_
_
*
_
_
_
_
_
_
-486
_
_
*
-1
*
*
*
-2
21
-
_
-
*
_
_
*
_
_
_
_
-172
_
_
-172
_
_
-
May p
_
*
_
*
-2
*
*
•*
*
*
2
10
_
11
1
*
_
_
_
_
_
_
_
_
2
*
2
_
*
_
_
*
-32
_
*
_
*
-32
_
_
-
Other countries
Total other countries...... .
1,542
25
3,258
470
International and regional:
International..............
Latin American regional.......
Asian regional.....-........
Total international and regional
Grand total....... ..........
1
p
*
_
_
_
.
-
.
-10
-152
-19
31
166
-76
-6
•
..21
_
166
32
-3
-
-82
29
-45
157
-234
11
-77 ..
j
124
6
*
130
1,672
60
-3
57
3,316
-185
20
•165
305
i
L
1/
_
Through December 31, 1972, Bermuda included -with Bahamas.
Preliminary.
Less than $500,000.
119
July 1974
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
1974
Calendar year
Country
1971
Europe:
1972
*
*
*
7
*
*
7
*
*
7
*
*■
7
*
*
7
*
1
2
1
2
1
2
1
2
1
2
1
1
3
*
*
3
*
*
3
*
*
1
2
8
*
*
9
*
*
9
*
*
9
*
*
*
9
*
*
1
1
1
1
1
2
5
*
5
*
5
*
5
*
5
*
5
*
1
1
260
1
260
1
260
32
450
71
_
5
845
34
439
71
_
5
835
847
480
181
*
4
_
_
_
_
*
*
_
Africa:
Egypt................................
All other.............................
Total international and regional...........
1
85
45
327
71
_
5
547
558
*
4
1
235
34
423
71
_
5
789
___ 582r
*
4
*
*
*
235
33
437
71
_
5
808
597
832
1
854
260
35
470
71
5
865
848
849
*
4
*
*
*
*
4
*
*
*
*
*
_
4
3
*
*
_
_
4
3
*
4
*
*
*
_
*
*
33
460
71
_
5
*
4
*
*
*
*
*
_
_
4
3
*
4
*
*
*
_
*
*
_
_
4
3
2
1
2
1
2
1
2
1
4
3
4
1
*
1
2
1
2
*
2
1
7
7
14
14
14
14
14
16
*
-
*
-
*
-
*
_
*
_
*
_
*
_
*
1
1
1
1
1
1
1
1
*
3,718
*
3,703
_
_
*
3,531
2
2
*
*
_
_
4
3
_
_
*
4,552
_
_
*
4,066
2
2
8
8
8
8
8
8
4,563
4,077
3,729
3,714
3,542
3,510
*
-
—
*
133
133
*
157
158
—
*
157
158
*
“
*
*
157
157
*
*
157
157
*■
*
157
157
*
*
157
157
25
25
5,678
25
25
5,602
25
25
5,592
25
25
5,440
217
49
*
~ ' 257 "
5,859
141
44
*
185
5,625
8
*
*
2
*
*
2,404
25
25
5,661
126
186
1
20
30
156
2,558
28
48
*
49
*
51
49
¥r
59
5,747
5,702
*
214
5,874
Note- Data represent estimated official and private holdings of marketable
U.S. Treasuiy securities with an original maturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971 and the
monthly transactions reports. For statistical convenience, the new series
25
25
6 ,131 r
*
*
49
6,179r
106
_
_
_
_
*
4,380
*
*
*
9
4,391
*
*
_
_
_
_
*
1,717
*
_
*
9
1,727
8
Total Africa..........................
Other countries:
1
*
*
1
*
*
_
*
*
«.
_
*
*
India................................
*
7
*
*
1
6
Asia:
China, People's Republic of
(China Mainland)......................
May p
6
60
323
71
_
5
Other Latin American Republics............
Netherlands Antilles and Surinam
i
Apr. p
6
1
Chi>............................... .
Mar.
Feb.
*
*
*
Canada.T_T.............................
Latin America:
Jan.
1973
*
*
*
*
*
3,499
2
*
*
25
25
5,421
174
41
*
214
5,636
is introduced as of December 31, 1970, rather than as of the survey d*te.
1/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary.
r Revised.
120
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-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
1971
1972
1974
1973
Country
1973
1974
through
May p
Dec.
Jan.
Feb.
Mar.
Apr.p
*
-15
1
1
*
*
-1
*
*
*
*
*
44
*
-
*
-6
*
*
1
*
*
-1
-2
*
*
*
*
6
-69
*
-
*
14
1
60
3
*
1
*
1
*
*
*
8
May p
Europe:
Belgium-Luxembourg..........
France........... .........
Italy.....................
Netherlands................
Norway....................
Portugal..................
Switzerland................
Turkey....................
Yugoslavia.................
Other Eastern Europe.........
Total Europe...............
Ca&ada.,t,,,,,,,,,, lt,,,,,,, TTTt,T
Latin America:
Bahamas 2/.................
Brazil....................
Chil°.....................
Colombia...................
Cuba.....................
Mexico....................
Panama....................
Peru.....................
Uruguay...................
Venezuela..................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
Total Latin America..........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong..................
India.....................
Indonesia..................
Israel....................
Japan.....................
Korea.....................
Philippines................
Thailand..................
Other Asia.................
Total Asia.................
Africa:
Egypt.....................
Morocco............. .....
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Other countries:
Australia..................
All other..................
Total other countries........
Total foreign countries........
International and regional:
International..............
European regional...........
Asian regional..............
Total international and regional
Grand total..................
6
30
5
1
336
77
-1
48
74
31
*
4
2
135
*
357
*
188
1
4
11
6
1
201
-33
*
56
-19
46
*
3
28
307
-1
275
317
*
-2
-10
3
*
76
28
*
-6
-2
1
*
1
-1
65
*
96
*
*
*
5
1
1
9
10
*
3
4
*
*
*
23
37
*
60
1
-
-2
-2
*
3
25
*
-4
*
*
*
-2
23
*
117
*
-
1,293
82
1,204
249
159
30
-71
49
18
152
*
23
*
*
111
14
-2
-1
4
3
1
21
*
*
*
_
-2
1
*
1
1
*
-3
*
1
25
*
*
1
_
-2
3
*
*
*
*
-7
*
*
18
1
*
*
_
-1
*
*
*
1
*
8
16
*
*
*
*
_
*
*
_
*
*
*
*
*
*
*
*
-2
_
2
1
*
*
*
*
-5
*
*
*
_
*
*
*
1
*
*
-1
*
*
*
-3
*
*
*
*
1
*
*
19
22
44
1
•*
*
*
-2
*
2
4
*
*
¥
■*
_2
2
5
*
8
*
*
*
_
*
*
_
*
*
*
*
9
16
1
-5
*
4
*
*
*
313
_
*
*
6
323
*
8
*
*
-1
580
*
*
*
*
588
•*
*
*
1 -183
-
*
3
*
*
*•
6
*
-1
*
-11
-2
*
_
*
*
*
-104
_
*
_
*
*
*
*
-120
*
_
*
-183
-104
-119
*
*
_
*
*
_
_
_
-1
-1
_
*
*
_
*
*
*
*
_
2
2
*
*
*
_
*
_
_
_
_
_
_
_
_
_
_
_
_
_
_
*
*
*
-1
7
2
2
15
35
*
5
-1
13
*
1
6
216
*
327
*
2
1
631
37
-
-21
*
*
10
_
*
1
*
*
*
-224
1
*
*
1
-221
_
*
*
*
*
_
*
*
5
_
*
*
*
*
2
6
-1
-1
_
*
*
_
_
*
*•
20
1
2
*
*
*
*
2
*
5
*
1
*
*
*
-1
*
2
3
*
*
*
*
*
*
*
*
*
*
-
*
-
*
*
*
-21
*
10
*
*
*
_
*
665
1,723
1,896
51
-16
71
-97
-66
114
39
*
39
145
*
3
148
1,871
52
*
270
-3
_
-47
-
-
18
-
86
_
-
o
-J
I
-3
-19
18
89
-47
-144
215
215
149
86
200
-3
*
703
*
52
1,948
Note: Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
1/ Through December 31, 1972, Bermuda included with Bahamas.
-
-
_
-
*
-1
1
*
10
*
*
*
*
*
*
1
28
*
-20
*
-
-
-
270
321
p
*
Preliminary.
Less than $500,000.
-
*
*
*
— .2° .....
27
July 1974
121
.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
net sales by foreigners or a net outflow of capital from the United States)
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...............
Bahamas 2/..............
Brazil.................
Chilp..................
Colombia.................
Cuba...................
Mexico.................
Panama.................
Peru...................
Uruguay.................
Venezuela...............
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America.......
Total Latin America.
Asia:
China, People's Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong..............
India.................
Indonesia..............
Israel.................
Japan.................
Korea.................
Philippines.............
Thailand...............
Other Asia.............
Total Asia.
Africa:
Egypt......
Morocco....
South Africa.
Zaire.....
Other Africa.
Total Africa.
Other countries:
Australia....
All other....
Total other countries.....
Total foreign countries.....
International and regional:
International............
European regional.........
Asian regional...........
African regional.........
Total international and regional
Grand total.
1/
p
*
1973
1971
1972
1973
3
38
-1
-7
87
131
-1
32
219
2
5
6
-3
168
-2
-49
-1
4
51
6
1
372
-51
10
36
297
-1
23
6
-4
642
2
561
13
152
627
1,958
-93
-78
-3
46
-1
-1
-1
5
-6
5
-1
-1
-4
-7
13
1974
through
May p
Dec.
'1974
Jan.
Feb.
Mar.
Apr. p
-1
48
-3
*
160
,7
1
-1
193
-5
*
-2
-1
104
-3
-14
30
9
2
-4
32
-3
*
1
-1
-64
*
-25
30
-1
*
68
4
1
-2
37
-7
1
1
*
43
*
27
491
-12
201
-65
-8
-=2Z-
-17
-41
-3
-25
-11
5
-3
*
-1
-7
13
-35
-7
-32
6
19
-1
1
-2
-3
-35
31
5
7
*
2
-1
-2
-9
-8
-46
-13
-8
1
-1
7
2
1
56
-2
*
4
159
*
4
*
34
256
-1
23
*
-1
4
495
-2
1
-1
60
577
-1
-2
439
2
18
45
339
11
9
11
*
685
3
366
6
7
27
39
5
•*
3
52
*
1
2
*
40
*
-5
-1
26
-1
*
14
-26
*
-1
40
1
-1
1
*
24
*
14
-27
-1
May p
-1
-9
22
17
*
-1
35
18
7
*
1
29
1
-5
*
-14
2
-2
-36
-1
37
50
-2
48
*
2
-2
11
108
-11
3
163
=M=
-21
_ziQ_
-7
10
-7
-1
-7
-1
-1
9
-2
-6
-3
-16
-z42_
-3
-1
-3
-20
30
-17
.Ji
367
ll
-2
-29
28
16
91
-9
-29
155
51
2
-1
-13
-14
-1
-1
*
-1
-1
-5
-4
-2
-1
-2
677
53
1
JL.
731
2,102
2,776
85
165
Through December 31, 1972, Bermuda included with Bahamas,
Preliminaiy.
Less than $500,000.
-20
-16
86
2,188
1
15
2,785
375
173
156
-2
1
49
16
-19
122
Treasury Bulletin
_____________________________________________ CAPITAL
M n V R M R W T S
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 bv 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
1971
1972
1973
Europe:
Switzerland................
Other Eastern Europe.........
C a n a d a , t.TT..T.....
Latin.America:
Chil*.....................
Colombia...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
India.....................
Indonesia.................
Japan.....................
Korea.....................
Other Asia.................
Total Asia.................
Africa:
Egypt.....................
Morocco..... .............
South Africa...............
1
-3
9
1
*
-15
*
10
11
2
*
4
-1
36
*
-19
-5
*
1
29
7
-25
35
-4
-2
32
18
6
2
9
3
55
*
3
3
*
*
32
-395
-793
172
-22
7
-1
5
2
*
-12
-5
1
3
12
-2
7
-4
-8
8
-47
1
4
1
_
-90
1
2
2
8
-2
16
*
_
*
9
2
-6
-209
-6
-24
*
*
2
-232
_
3
*
5
11
-17
17
4
*
31
1
10
1
3
2
-24
-30
-1
*
13 .
-721
1973
1974
through
May p
*
-3
5
1
1
2
*
6
1
2
1
*
-41
*
*
-40
-3
-70
-720
-97
28
-98
-33
2
-19
*
-20
10
3
1
7
1
4
6
-108
*
-57
1
1
1
*
11
-2
1
*
2
-1
-10
1
-52
_
*
13
1
-3
-215
31
-12
-50
*
15
-220
_
*
-4
4
2
-432
66
_
1
*
3
-360
*
1
*
_
-108
9
*
*
*
1
-96
*
*
*
_
_
_
*
_
*
_
*
*
Dec.
*
-1
1 '
*
1
1
*
*
3
*
*
*
*
-2
-7
*
-2
-32
*
-19
*
•*
*
4
*
1
*
*
*
*
*
1974
Jan.
Feb.
Mar.
Apr.p
May p
*
-1
*
*
*
*
-1
-2
2
*
*
*
*
*
1
1
*
*
*
-1
*
-9
*
-9
-21
*
-1
2
x
1
*
*
*
1
*
*
1
*
5
*
-3
6
-282
*
1
M
1
*
1
*
5
-2
*
*
*
-41
1
-12
*
-47
-158
*
*
•*
*
*
1
1
1
*
-1
*
-2
*
-16
*
-15
*
-11
1
*
*
*
*
*
*
*
*
*
-1
*
*
-20
*
*
*
*
-8
*
*
*
8
-2
*
*
*
*
*
*
*
-10
*
M
M
*
*
-1
*
1
*
1
*
2
*
*
*
1
*
-10
*
-10
-13
-10
-14
_
*
1
_
_
-15
1
_
_
*
1
-12
_
Mr
*
M
_
*
*
_
-11
-2
_
*
*
*
-12
4
*
*
*
*
-8
_
m
1
-1
*
*
*
*
-2
-3
*
-4
-234
-14
*
-8
*
*
*
_
1
*
1
*
*
*
1
1
-5
*
*
_
-74
1
*
*
*
_
*
_
-51
3
_
*
*
*
-72
-49
_
_
*
*
*
-12
_
_
_
_
*
_
_
1
1
*
*
■*
*
_
*
*
2
*
3
-288
*
1
1
-51
1
1
2
-299
6
*
-10
-
2
*
4
-
4
*
_
-25
_
_
-19
3
_
*
*
-16
_
_
*
*
*
*
*
*
2
*
1
-222
3
-68
2
1
-
-1
*
5
-58
-55
-61
-60
5
6
28
6
28
8
36
-1,134
9
-929
2
1
2
-117
108
5
28
*
13
1
-1
-
52
*
*
*
13
52
-4
6
4
3
-915
-65
-292
-45
-296
-219
*
Other countries:
Total other countries........
Total foreign countries........
International and regional:
34
-624
26
6
32
-967
International..............
European regional.... \......
Latin American regional......
Asian regional.............
-277
*
16
-50
-124
3
28
*
Total international and regional
-311
-93
141
-935
-1,060
-993
Grand total...................
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
7
2
-
-
..... 2 . .
.
-63
123
July 1974
.CAPITAL M OVEM ENTS.
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; nei
figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1973
Country
1971
*
6
*
-2
-24
8
*
2
70
*
*
-3
*
25
*
-75
*
*
_
*
Austria..........
Belgium-Luxembourg...
Denmark...... .
Finland..........
France...........
Germany..........
Greece...........
Italy............
Netherlands.......
Norway...........
Portugal.........
Spain............
Sweden......... .
Switzerland.......
Turkey...........
United Kingdom.......
Yugoslavia...........
Other Western Europe.
U.S.S.R..........
Other Eastern Europe.
Total Europe.
Canada..... ..
Latin America:
Argentina.
Bahamas 1/ ..... .........
Brazil...................
Chile....................
Colombia, .................
Cuba.....................
Mexico...................
Panama........... ........
Peru..... ............. .
Uruguay..................
Venezuela.......... .....
Other Latin American Republics.
6
1
Other Latin America.
Total Latin America.
Asia:
China, People's Republic of
(China Mainland)........
China, Republic of (Taiwan).
Hong Kong..............
India..................
Indonesia..............
Israel......... .......
Japan......... ►.......
Korea...................
Philippines...... ......
Thailand.,..............
Other Asia.... .........
Total Asia.
Africa:
Egypt............
Morocco*.....
South Africa...
Zaire...... .
Other Africa...
Total Africa...
(fther pflMKtaitejs.:
Australia....
.
All other....
Total other c o u n t r i e s . ,
Total foreign countries......
International..............
European regional.........
Asian regional............ .
.1
Grand total*.
2/
p
*
1972
1974
through
May p
1973
2
23
*
*
-10
34
*
1
164
-2
1
-4
*
85
*
26
*
*
320
*
16
1
*
-33
-11
*
1
73
*
-1
1
*
-12
*
-188
*
*
-154
1974
Dec.
*
3
*
*
-7
-1
*
*
1
*
*
*
*
-3
-37
*
-43
*
-5
*
-29
3
*
*
9
*
*
3
*
5
_
-155
_
*
_
-170
Jan.
*
-3
*
*
-12
-1
*
*
*
*
*
*
*
1
-61
*
-76
Feb.
*
-3
*
-6
1
*
*
1
*
*
*
*
2
-47
*
-52
Mar.
Apr.p
May p
_
2
-
*
-1
*
-5
1
*
*
*
*
*
3
*
4
-33
*
-30
-
-
-1
1
*
*
5
*
*
*
*
6
—
-12
*
*
-6
*
*
*
4
*
*
*
*
-8
-4
*
-11
-9
*
*
*
120
142
152
25
21
29
10
—6
1
1
-9
-4
*
*
-6
1
*
*
*
-2
-18
*
9
-1
-1
*
*
-1
6
*
*
-1
18
-1
*
-1
3
-1
*
*
_
3
*
*
*
*
*
_
-
*
-1
_
1
*
_
*
*
*
2
*
28
*
-1
*
*
*
*
*
-2
-1
*
2
*
*
_
*
*
*
_
*
*
-1
*
-38
*
-1
*
*
*
_
2
*
*
*
*
*
1
8
10
2
2
*
*
*
*
*
*
-1
-1
*
-1
*
*
1
*
*
*
*
*
1
14
16
*
-2
*
*
*
*
*
*
*
*
*
*
-5
—8
*
-1
*
*
-6
-125
*
-2
*
*
*
3
*
*
-26
-52
*
-1
*
*
*
1
*
-1
42
_
-4
_
*
*
*
*
1
43
_
*
_
*
-1
23
*
*
*
-134
-76
*
19
*
*
-7
188
*
-2
*
-5
193
44
*
_
*
22
1
3
19
-3
-1
19
*
*
*
33
—
-6
*
-1
26
*
*
-2
*
*
*
*
-1
*
-5
-6
.
-2
*
-1
-3
_
-4
*
*
-2
-3
*
-2
-49
-
2
-5
-1
*
1
*
-8
-2
-12
*
-9
*
-2
158
39
*
-1
_
-1
49
_
*
_
1
47
*
-4
*
_
1
_
_
_
_
-2
-6
*
*
-2
-1
*
*
*
1
*
1
*
-3
40<5
1
177
1
*
*
*
*
*
19
16
2
1
3
-
-
-2
*
*
*
*
-2
1
*
-1
_
*
2
167
_
1
3
-2
»
-49
409
176
19
Through December 31, 1972, Bermuda included with Bahamas,
Preliminary.
Less than $500,000.
_
'
-4
■*
*
--- LT”
1
1
-16
*
*
*
_
*
*
*
*
1
1
-2
-
-
*
*
.
-2
*
.
_
*
-2
-
*
*
•*
-
-
15
2
-1
-16
36
-2
_
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-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During May 1974 Preliminary
________________________(In millions of dollars;
Gross sales by foreigners
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Total
purchases
Marketable
Treasury
notes
Corporate and
other
Bonds
Stocks
5
*
_
3
2
2
2
1
*
*
*
3
14
*
_
-
3
10
2
*
1
5
*
*
10
31
*
_
-
33
35
63
46
Bonds
Stocks
1
17
*
*
52
30
2
6
42
2
*
3
1
151
*
S5
7
_
400
67
*
1
*
*
*
_
2
*
*
*
1
*
*
*
Domestic securities
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Total
sales
Bonds
Stocks
2
26
1
*
34
23
1
5
13
1
*
3
1
149
2
121
*
1
_
__
5
*
_
3
2
*
1
1
*
2
*
5
*
30
*
_
-
1
_
15
2
*
1
1
*
*
*
*
18
35
*
_
-
384
74
49
59
74
55
1
15
*
*
*
*
2
3
*
*
3
*
29
18
73
*
8
*
*
*
_
*
*
*
*
*
*
10
*
*
2
*
_
*
*
*
_
1
7 ,
10
Eurone:
738
*
3
*
*
*
*
*
4
85
12
_
105
194
31
*
6
1
*
20
3
*
1
1
*
1
2
47
*
54
*
_
136
15
1
10
*
1
1
*
6
8
*
1
4
1
30
17
79
*
_
_
2
*
*
*
*
_
_
1
5
*
*
1
*
5
*
2
13
1
8
*
*
*
*
3
3
*
*
2
1
23
16
57
*
9
*
*
6
84
*
*
*
10
110
*
*
*
*
*
*
1
*
*
*
*
*
__ 2_
*
7
*
*
1
28
*
*
*
__ 8_
*
*
_
4
4
*
•*
__4_
44
8
*
5
*
*
_
_
-
6
-
_
_
*
*
*
*
*
*
*
_
_
*
*
*
1
*
2
*
1
569
2
32
1
*
87
38
2
11
51
3
1
4
2
215
*
269
19
_
-
Italy......................
Chile......................
i
,
Other Latin American Republics....
Netherlands Antilles and Surinam..
5
2
40
1
*
66
29
1
9
15
1
*
5
2
194
2
334
*
13
_
717
*
_
4
•*
*
*
2
76
12
_
-
8
*
*
9
3
*
2
1
*
*
1
19
74
_
117
231
94
30
*
1
*
*
_
*
*
*
*
*
*
*
1
3
1
27
*
1
*
*
3
6
*
*
4
1
42
26
111
*
_
_
_
*
*
1
*
1
52
*
*
1
55
*
13
*
*
25
94
*
6
*
6
*
_
32
_
_
*
*
*
_
*
1
_
*
144
32
1
*
6
*
*
_
_
_
-
_
_
-
1
1,210
157
138
301
_
3
13
*
1
*
*
_
*
3
*
*
2
*
8
19
Asia:
China, People’s Republic of
!
India......................
*
11
*
*
1
41
*
*
*
4
57
*
_
_
23
1
_
_
_
*
*
*
*
*
*
_
*
_
*
6
1
*
__1
589
*
*
*
*
151
175
117
_
_
-
1
_
_
_
-
1
_
_
_
-
117
255
1
590
*
_
_
_
*
24
_
l
_
*
l
19
_
6
_
2
29
Africa:
_
5
*
__ 5_
6
1
*
3
84
1
1
172
2
_
_
2
*
*
5
_
6
*
_
_
_
*
420
_
3
-
-
423
304
571
89
173
1,633
461
-
_
6
_
-
Other countries:
4
*
4
1,131
138
450
*
5
456
333
333
__
*
768"
International and regional:
Total international and regional..
. M 87 _
*
Less than $500,000.
472
115
_
115
283
1
153... .17£_
July 1974
125
____________________________ .______________ CAPITAL MOVEMENTS—
___________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1973
(In millions of dollars)
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Europe:
Austria.....................
Belgium- Luxembourg............
Finland.....................
France......................
Germany.....................
Greece......................
Italy......................
Netherlands..................
Norway......................
Portugal....................
Spain......................
Sweden......................
Switzerland..................
Turkey........... ..........
United Kingdom...............
Yugoslavia..................
Other Western Europe..........
Other Eastern Europe..........
Total Europe......... ........
Canada.......................
Latin America:
Argentina...................
Brazil......................
Chile......................
Colombia....................
Cuba........................
Mexico...................
Panama......................
Peru.......................
Uruguay.....................
Venezuela...................
Other Latin American Republics....
Bahamas and Bermuda..........
Netherlands Antilles and Surinam..
Other Latin America...........
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan).....
Hong Kong...................
India......................
Indonesia...................
Israel................. .....
Japan......................
Korea.......................
Philippines.................
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt......................
Morocco............. .........
South Africa.................
Zaire......................
Other Africa..................
Total Africa.................
Other countries:
Australia...................
All other...................
Total other countries..........
Total foreign countries..........
International and regional:
International................
European regional.............
Latin American regional........
Asian regional...............
African regional..............
Total international and regional..
Grand total...................
* Less than $50o,60o.
Marketable
Total
Treasury
purchases bonds and
notes
38
820
33
11
1,799
787
29
423
914
100
17
66
224
4,289
1
6
4,355
7
360
*
*
_
1
*
1
1
_
*
*
5
_
*
150
3
_
360
_
12
' 14,276
Corporate and
other
Bonds
Stocks
*
59
13
9
45
45
*
48
19
11
2
6
2
91
_
250
_
1
_
601
*
40
2
*
52
13
1
13
105
1
*
4
*
88
_
131
Total
sales
*
*
_
*
*
_
*
*
*
21
636
14
26
1,174
825
10
290
520
29
8
48
44
3,344
4
3,835
*
37
*
*
14
_
264
_
12
*
*
354
449
654
10.866
2,940
291
6
30
4
2
2
*
41
13
4
1
11
3
26
10
21
166
*
*
*
*
—
7
8
*
*
3
*
18
16
7
61
15
40
1
24
*
123
93
4
4
41
22
396
393
209
1,365
*
*
*
*
*
*
*
*
*
*
1
*
*
*
11
3
•*
*
2
*
12
11
3
44
*
1
190
1
1
18
877
*
3
1
123
1,214
*
10
4
2
39
80
2
*
9
146
*
34
*
*
16
499
3
*
3
555
*
3
203
1
2
509
2,563
2
7
2
82
3,373
1,456
*
*
*
1
1
*
1
2
*
5
8
—
*
6
6
—
6
*
10
*
9
1
10
30
8
3
*
31
611
12
1
1,451
589
27
218
763
36
15
49
25
3,517
6
1,802
7
27
3,506
2,543
533
29
233
9,187
1,273
42
7
4
5
)
*
109
118
5
6
51
22
303
363
260
1,296
*
—
*
*
3
2
*
*
1
7
1
1
*
*
10
3
*
*
3
1
31
19
19
88
11
2
1
2
*
51
94
2
4
31
16
228
318
213
972
*
2
249
.
5
2
74
4,063
2
7
1
139
4,543
*
1,627
2
*
1,630
*
13
*
1
980
*
*
5
999
*
1
8
*
62
71
50
50
53
10
*
*
*
*
*
*
7
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Stocks
7
110
6
1
250
139
1
143
26
47
*
7
47
590
*
1,812
_
320
—
*
*
Bonds
Gross sales by foreigners
Domestic securities
*
24
1
*
85
24
*
12
32
1
1
3
*
99
*
319
_
*
587
2,302
*
7,083
184
1,174
1,075
603
502
11
2
1
3
*
45
74
2
3
34
20
245
353
182
974
2
37
*
21
61
3
*
1
3
2
124
6
15
274
1
1
*
*
6
13
1
*
2
*
15
24
9
73
1
1,457
*
5
*
*
2
400
*
*
*
4
411
*
3
167
1
2
14
382
2
2
2
63
637
*
15
*
471
14
1
5
506
*
16
*
*
23
310
*
4
*
8
362
1
*
15
*
30
47
—
25
25
*
*
*
1
*
7
*
4
12
*
*
—
8
■*
1
9
14
1
15
*
*
*
*
*
9
1
10
2
-
2
*
2
18.606
1,779
2,444
2
1,552
1,646
644
10
-
22
*
*
*
-
2
*
-
11
4,838
12,665
1,628
6
58
1
-
459
30
-
943
-
96
1
1
-
.JL.G93
24,484
489
943
97
164
*
1,658
654
893
88
2,738
5,780
12,762
1,474
1,729
20,264
2,433
3.832
9,978
*
-
*
54
1
25
28
41
X
17
18
1
1
3
*
115
_
279
_
2
—
*
2
2,249
130
5
28
*
-
Stocks
18
459
12
1
1,012
588
9
173
424
25
6
38
25
2,833
3
1,436
*
20
3
99
*
*
49
172
*
87
45
2
*
4
18
284
1
1,536
6?
22,791
... 3,8. .. 3
1,310
1,729
Bonds
10
1
-
2,942 _9_,889_
890
*
-
88
*
1
-
??.
2,_467.
*
2
1,554
126
Treasury Bulletin
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
|
■1
1973
.
lifer.
June
1
12
*
*
25
15
*
37
6
1
*
5
1
75
*
46
*
*
1
9
*
*
22
24
*
20
6
1
2
6
*
84
*
56
*
1
1969
1970
1971
1972
1
17
1
*
26
17
1
16
14
1
*
6
1
100
*
40
*
1
*
14
*
*
19
15
*
10
10
1
*
4
1
73
*
43
*
1
1
21
*
*
47
22
*
24
10
2
*
5
1
90
*
57
*
1
-
-
-
-
-
Other Eastern Europe......... .
2
19
*
*
18
14
*
8
12
1
*
3
1
153
*
61
*
1
*
*
*
*
*
*
*
243
36
193
56
281
Canada.....................
294
52
226
17
231
19
1
34
*
*
*
*
3
3
1
1
5
1
14
*
1
15
*
*
*
*
3
3
*
1
5
1
11
*
1
19
1
*
*
*
4
2
*
1
2
3
10
*
3
9
*
*
*
*
3
3
*
1
3
1
12
*
64
40
43
36
1
11
*
*
*
*
3
2
*
1
2
1
21
3
47
*
*
10
*
*
*
*
*
3
*
7
21
-
-
*
19
*
*
*
1
*
2
*
5
27
*
9
*
*
1
1
*
1
*
4
17
*
12
*
*
1
4
*
1
*
3
20
*
■*
*
*
1
1
*
*
*
*
1
2
*
*
*
*
1
1
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
1
1
1
1
*
1
*
1
1
1
349
1
*
*
*
*
*
*
*
*
*
372
310
316
1974
Dec.
Sept.
Mar.p
Europe:
Belgium-Luxembourg...........
Denmark.....................
Finland....................
France.....................
Germany....................
Greece............ .........
Italy..................... .
Netherlands.......... ......
Norway.....................
Portugal...................
Spain......................
Sweden.....................
Switzerland.................
Turkey......................
United Kingdom..............
Yugoslavia..................
Other Western Europe..........
Argentina..................
Bahamas i/... ..............
Brazil.....................
Chile......................
Colombia...... ..... .......
Cuba......................
Mexico...... ..............
Panama........... ..........
Peru.................. .
Uruguay....................
Venezuela......... ........ ..
Other Latin American Republics...
Netherlands Antilles and Surinam.
Other Latin America..........
Total Latin America..........
Asia:
China, People’s Republic of
(China Mainland)............
China, Republic of (Taiwan)....
Hong Kong..................
India......................
Indonesia.......... 1.......
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 .mfrjgsgignal......
Grand total...................
434
434
1
1
311
1
-
349
34
311
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
*
10
*
*
29
23
1
13
8
1
*
7
1
92
*
57
*
1
*
11
*
*
25
22
*
36
6
1
*
8
1
101
*
59
1
1
198
*
242
*
274
31
28
29
1
7
*
*
*
*
2
3
*
*
2
1
22
2
42
1
9
*
*
*
*
3
3
*
*
2
1
13
7
39
1
10
*
*
*
*
2
3
*
*
3
1
15
7
42
1
15
*
*
*
*
5
4
*
1
3
1
20
5
56
-
-
*
13
*
*
1
1
*
1
*
2
18
*
14
*
*
1
2
*
*
*
4
23
*
13
*
*
1
1
*
1
*
4
20
*
*
13
*
*
1
1
*
*
*
4
*
*
14
*
*
1
2
*
*
*
5
19
23
*
*
*
*
1
1
*
*
*
*
*
*
1
*
*
1
1
1
*
1
290
*
*
*
*
*
-
372
310
-
316
1
9
*
*
30
22
*
13
7
1
*
1
1
76
*
35
*
1
_
*
-
290
1
!
■
—
1—
333
333
carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
384
384
July 1974
127
________________________ 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)
1973
Calendar year
Country
1974
1
r
1969
1970
1971
1972
Mar.
*
5
1
*
12
14
*
9
12
1
*
2
1
50
*
37
*
1
146
*
9
*
*
16
20
1
12
8
1
*
3
1
38
*
44
*
1
*
*
*
6
*
*
18
23
1
9
12
*
*
5
1
42
*
37
*
1
_
*
*
11
*
*
21
31
1
15
17
1
1
6
1
57
*
53
*
19
_
-
155
155
61
49
3
24
*
1
*
*
3
4
*
1
3
1
6
*
2
21
1
*
*
*
3
4
*
*
4
1
5
*
45
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.................
June
Sept.
Dec.
1
8
*
*
20
27
1
15
9
*
1
7
1
46
*
31
48
_
*
*
6
*
*
16
15
1
12
10
*
1
7
*
37
*
30
*
1
_
-
*
5
*
*
17
22
1
7
10
1
1
2
1
32
*
34
*
1
_
-
*
4
*
—
16
22
1
7
8
*
*
5
1
35
*
29
_
1
235
214
138
134
129
130
54
39
24
15
22
30
21
3
15
1
*
1
*
10
6
*
*
6
2
12
*
41
1
21
*
*
*
*
5
4
*
*
4
1
14
*
52
55
3
6
1
*
*
*
10
5
*
1
5
1
8
4
45
2
4
1
*
1
*
8
5
*
*
5
1
6
3
35
2
5
1
*
1
_
6
5
*
*
4
1
9
7
40
1
4
1
*
1
6
5
*
*
4
1
6
5
34
1
3
1
*
*
_
6
6
*
*
4
1
4
2
27
_
*
12
*
*
1
*
*
2
2
7
24
_
*
23
*
*
2
1
*
1
*
6
35
_
*
40
*
*
3
4
*
1
*
4
53
_
*
59
*
*
3
5
*
*
1
5
73
_
*
66
*
*
2
2
*
*
1
5
78
_
*
42
*
*
1
2
*
*
*
6
52
_
*
43
*
*
1
8
*
*
*
6
58
*
25
*
*
1
4
*
*
*
5
36
_
*
37
*
*
1
1
*
*
*
7
47
Africa:
Egypt.....................
Morocco....................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
*
*
1
*
*
1
*
*
*
*
1
1
*
*
*
*
*
1
*
1
*
1
2
*
*
1
_
*
2
*
1
*
1
2
*
1
_
1
1
*
*
1
*
1
1
*
*
1
*
1
Other countries:
Australia.................
All other..................
Total other countries........
1
*
*
*
*
*
1
*
1
*
*
*
*
*
1
*
*
*
1
1
1
|
1
1
1
1
1
1
278
281
314
j
405
364
243
255
231
227
-
-
-
j
-
-
-
-
*
255
231
227
Eurone:
Austria...................
Belgium-Luxembourg..........
Denmark...................
Finland...................
France....................
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Portugal ................
Spain.....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom.............
Yugoslavia.................
Other Western Europe....... .
U.S.S.R...................
Other Eastern Europe.........
Total Europe.............. .
Canada......................
Latin America:
Argentina..................
Bahamas l/.................
Brazil....................
Chile.....................
Colombia..................
Cuba......................
Mexico....................
Panama....................
Peru......................
Uruguay...................
Venezuela............ .....
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America.........
Total Latin America.........
Total foreign countries.....
International and regional.....
Grand total................. #
278
281
314
Note: Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in the
United States, in accounts of foreigners with them, and in
j
405
364
243
__
_
Mar. p
J
their accounts carried by foreigners.
2/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
1
6
*
_
16
19
1
10
6
*
*
5
1
31
*
32
*
1
..
_
2
Treasury Bulletin
128
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section III - Federal Credit Programs
Table GA-III-1. - Direct Sales and Repurchases of Loans
(In mi .lions of dollars)
Housing and Urban Development Department
Total
Export-Import
Bank of the
United States
Farmers Home
Administration
Fiscal year
or month
Sales
Repur
chases
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
936
696
954
1,070
1,337
2,115
2,548
3,045
6,257
92
213
428
842
305
781
330
,1973-May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1974-Jan...
Feb...
Isfer...
Apr...
May...
Fiscal 1974
to date,»...
1,154
310
310
153
439
482
234
767
308
80
265
252
71
24
24
22
194
106
66
180
45
69
45
62
122
159
3,361
1,070
1/
Sales
Repur
chases
Sales
1/
Repur
chases
Repur
chases
Office of Secretary
2/
Sales
Repur
chases
Small Business
Administration
Sales
Repur
chases
Veterans
Administration
Sales
2,300
327
105
71
2
*
38
244
368
488
20
21
20
192
104
63
176
42
65
43
59
118
155
544
179
60
76
1,037
1,393
50
174
405
569
287
574
284
5
4
4
1
1
550
55
310
148
235
253
7
502
2
1
6
208
68
21
1,740
261
4
187
20
Sales
264
6
157
391
729
974
959
1,668
2,005
2,430
3,324
124
63
153
91
379
406
269
248
145
Government
National Mortgage
Association l/
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
33
11
31
120
2
30
204
229
227
191
302
2
234
2
2
2
15
6
*
2
1
74
*
73
21
41
209
Repur
chases
41
24
17
12
12
19
25
4
2
2
2
3
2
3
2
3
2
2
4
3
28
through Sept. 30, 1968 $296 million.
2/ Includes college housing, elderly housing, and public facility loans.
2/ 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.
July 1974
129
CUMULATIVE TABLE OF CONTENTS
August 1973 through July 1974
Issue and page number
1974
1973
Sections
Aug.
Sept.
VI
Oct.
Nov.
Dec.
Jan.
Feb.
VI
V
VI
V
VI
VI
V
1
2
4
5
6
7
1
2
A
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
9
10
’9
10
9
10
9
10
9
10
9
10
9
10
11
...
...
11
...
...
11
...
...
11
...
14
11
...
13
11
...
...
11
13
...
...
...
...
...
...
...
Mar.
Apr.
May
VI
V
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
9
10
9
10
9
10
9
10
9
10
11
...
13
11
13
11
11
11
13
June
July
Article:
Federal fiscal operations:
Investment transactions of Government accounts in
Trust fund transactions........................
Loan disbursements and repayments, net lending, and
loan balances of Federal credit programs.........
Selected accrual data reported by Federal agencies....
Detail of excise tax receipts...................
Accountability of the U.S. Treasury on an accounting
16
Federal obligations.............................
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury.........
Analysis of changes in tax and loan account balance...
Summary of cash transactions through the Account of
the U.S. Treasury......................... .
Gold assets and liabilities of the Treasuiy........
Monetary statistics:
Money in circulation..........................
Federal debt:
Summary of Federal debt........................
Computed interest charge and computed interest rate
on interest-bearing public debt................
Interest-bearing public debt....................
Maturity distribution and average length of 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.....
Treasury holdings of securities issued by Government
corporations and other agencies................
IMMAc debt operation?:
Maturity schedule of interest-bearing marketable
public debt securities other than regular weekly
and annual Treasury bills outstanding........... i
Offerings of Treasury bills..................... i
New money financing through regular weekly Treasury
bills.....................................
Offerings of public marketable securities other than
regular weekly Treasury bills.................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations.
Allotments by investor classes on subscription for
public marketable securities.................. 1
Disposition of public marketable securities other
than regular weekly Treasury bills.............
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.......
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries..................................
United States savings bonds:
Sales and redemptions by series, cumulative........
Sales and redemptions by periods, all series
combined..................................
Sales and redemptions by periods, Series £ through K..
Redemptions of matured and unmatured savings bonds....
Sales and redemptions by denominations, Series E and
H combined........... .....................
Sales by States, Series E and H combined..........
*13
...
Summary of internal revenue collections by State,
and other areas.............................
...
...
...
15
13
14
14
18
16
14
15
17
15
13
16
14
14
15
18
19
17
18
21
22
22
23
17
18
18
19
20
21
18
19
14
15
22
23
15
16
16
16
20
20
19
19
23
23
24
24
19
19
20
20
22
22
20
20
16
16
24
24
17
17
17
21
20
24
25
20
21
23
21
17
25
18
18
22
21
25
26
21
22
24
22
18
26
19
18
19
22
23
21
22
25
26
26
27
21
22
22
23
24
25
22
23
18
19
26
27
19
20
19
20
23
24
22
23
26
27
27
28
22
23
23
24
25
26
23
24
19
20
27
28
20
21
21
22
23
24
25
26
27
28
24
25
26
27
.28
29
30
31
29
30
30
32
24
25
26
27
25
26
27
28
27
28
29
30
25
26
27
28
23
27
23
24
29
30
31
32
22
23
24
25
25
29
28
32
33
28
29
31
29
25
33
26
26
27
30
31
29
30
33
34
34
35
29
30
30
31
32
33
30
31
26
27
34 •
35 *
27
28
30
34
33
34
35
30
34
36
34
30
38
31
34
38
37
41
42
37
38
39
38
34
42
35
37
41
40
44
45
40
42
44
42
38
46
39
39
43
42
46
47
42
44
47
45
41
49
42
42
46
45
49
50
45
47
50
48
44
52
45
46
50
50
54
55
49
52
55
53
49
57
50
58
63
56
60
62
57
59
63
61
57
66
59
61
66
59
63
65
60
62
66
64
60
69
62
61
62
64
66
67
69
59
60
62
63
64
66
65
66
68
60
61
63
62
63
65
66
67
69
64
65
67
60
61
63
69
70
72
62
63
65
65
66
• ••
67
...
...
...
-
...
...
66
70
...
64
...
...
...
Treasury Bulletin
130
C U M U L A T IV E T A B L E OF C O N T E N T S
August 1973 through July 1974—Continued
Issue and page number
1973
1974
Sections
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May.
June
63
68
69
64
67
71
68
65
73
66
71
72
64
65
69
70
70
71
65*
66
68
69
72
73
69
70
66
67
74
75
67
68
73
66
71
72
67
70
74
71
68
76
69
77
...
...
...
...
...
78
...
...
83
85
80
82
73
75
79
81
80
82
75
77
84
86
82
84
79
81
76
78
84
86
77
79
1 86
83
76
82
83
78
87
85
82
79
87
80
87
84
77
83
84
79
88
86
83
80
88
81
...
•••
78
79
...
...
80
81
...
...
84
85
...
...
82
83
...
...
...
...
...
•..
•••
89
...
Aug.
Sept.
Oct.
67
70
68
| 69
70
July
United States savings notes:
Ownership of Federal securities:
Distribution by classes of investors and types of
Treasury survey-commercial bank ownership...........
|
•••
Market quotations on Treasury securities:
Chart - yields of Treasury securities.............
Average yields of long-term bonds:
Average yields of long-term Treasury, corporate and
Chart - average yields of long-term Treasury,
Exchange Stabilization Fund:
National bank reports:
Income, expenses, and dividends for calendar year 1971
...
1
International financial statistics:
88
85
80
84
85
82
89
87
86
81
90
84
89
86
81
85
86
83
90
88
87
82
91
85
90
87
82
86
87
84
91
89
88
83
92
86
91
92
88
89
83
84
87
88
88
89
85
86
92
93
90
91
89
90
84
85
93
94
87
88
90
S5
89
90
...
87
...
%
86
95
96
89
90
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
U.S. liquid and other liabilities to official
institutions of foreign countries by area.........
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries.....
U.S. position in the International Monetary Fund....
U.S. net monetary gold transactions with foreign
countries and international and regional organiEffective exchange rate changes for the dollar.....
Transactions in long-term securities by foreigners re
ported by banks and brokers in the United States.....
Foreign credit and debit balances inbrokerage accounts..
Foreign currencies acquired by the U.S. Government
without payment of dollars:
Foreign currency transactions, summary and country uses.
Foreign currency transactions, U.S. uses and trust funds.
Financial operations of Government agencies and funds:
Government corporations and other business-type
activities:
Statements of financial condition..............
Statements of income and retained earnings.......
Federal credit programs:
Direct sales and repurchases of loans...........
Trust funds:
Civil Service Retirement and Disability Fund.....
Federal Old-age and Survivors Insurance Trust Fund...
Federal Disability Insurance Trust Fund.......... ,
.
Federal Supplementary Medical Insurance Trust Fund..
National Service Life Insurance Fund............
Investments of specified trust accounts..........
j
91
-
••• .' **’ i
96
93
88
92
93
90
97
95
94
89
99
93
104
101
96
100
101
98
105
103
102
97
1-07
101
110
107
102
106
107
104
111
109
108
103
113
107
114
111
106
110
111
108
115
113
112
107
117
111
120
129
117
126
112
121
116
125
117
126
114
123
121
130
119
128
118
127
113
122
123
132
117
126
...
...
...
128
129
...
...
...
...
OH
H H*
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 noribanking concerns
92
. •••
...
...
...
134
135
128
126
133
133
131
132
139
140
141
142
143
143
144
146
147
128
...
...
...
...
...
123
124
130
128
198
159
160
131
132
133
134
135
135
136
138
139
...
...
167
168
169
170
171
172
173
174
175
•••
...
...
•••
;;;
...
...
125
130
164
165
...
1
151
...
152
153
154
155
156
157
158
159
160 ^
☆ U.S. GOVERNMENT PRINTING OFFICE: 1974 0-5 8 4 -0 6 2 /1
@FedFRASER