Full text of Treasury Bulletin : June 1978
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June 1978
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
June 1978
I
CONTENTS
Article
- Treasury Financing Operations......................................................
Page
vi
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations.......................................................
1
FFO-2.
- Budget Receipts by Source.......... ...............................................
3
Chart
- Budget Receipts by Source.......................................................... ...5
FFO-3.
FFO-4.
- Budget Outlays by Agency...........................................................
- Undistributed Offsetting Receipts.............................................. .
FFO-5.
- Budget Outlays by Function......................................................... .. 8
FFO-6 .
- Investment Transactions of Government Accounts in Federal Securities (Net)........
10
FFO-7.
- Trust Funds Transactions......................................................... .
11
6
7
FEDERAL OBLIGATIONS
FO-1.
FO-2.
- Gross Obligations Incurred Within and Outside the Federal Government by Object
Class.............................................................................
- Gross Obligations Incurred Outside the Federal Government by Major Function and
Major Object Class................................................................
13
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency..
13
14
FO-4.
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months.........................................................................
15
ACCOUNT OF THE U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury.................... ....................
16
UST-2.
UST-3.
- Elements of Changes in Federal Reserve and Tax and Loan Account Balances..........
- Gold Assets and Liabilities of the Treasury........ ...............................
17
18
MONETARY STATISTICS
MS-1.
- Currency and Coin in Circulation...................................................
19
FEDERAL DEBT
FD-1.
FD-2.
- Summary of Federal Debt............................................................ 20
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt 20
FD-3.
FD-4.
- Interest-Bearing Public Debt......................... ............................ . 21
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 21
FD-5.
FD-6 .
FD-7.
- Government Account Series..........................................................
- Interest-Bearing Securities Issued by Government Agencies.........................
- Participation Certificates.........................................................
FD-#.
FD-9*
- Debt Subject to Statutoiy Limitation............................................... 2 5
- Status and Application of Statutory Limitation................. ................... 26
FD-10.
- Treasury Holdings of Securities........................... ..................... .
22
23
24
27
PUBLIC DEBT OPERATIONS
PD0-1.
PD0-2.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities........... 29
- Offerings of Bills.......................................................... ....... 30
PD0-3.
- New Money Financing through Regular Weekly Treasuiy Bills.........................
33
II
Treasury Bulletin
CONTENTS
PDO-4.
- Offerings of Public Marketable Securities......................... .................
PDO-5.
PDO-6 .
- Unmatured Marketable Securities Issued at a Premium or Discount.................. .
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities...
PDO-7.
- Disposition of Public Marketable Securities................. ................. .
PDO-8 .
PDO-9.
- Foreign Series Securities..................... .............. .................. .
- Foreign Currency Series Securities..... ........................ ...................
Page
35
3$
43
45
47
55
UNITED STATES SAVINGS BONDS
SB-1.
SB-2.
- Sales and Redemptions by Series, Cumulative....... ..................... .........
- Sales and Redemptions by Periods, All Series Combined..............................
57
57
SB-3.
- Sales and Redemptions by Periods, Series E through K . ......... ....................
58
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds............... ............ .
60
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods............. .................. ............ .
61
OWNERSHIP OF FEDERAL SECURITIES
0FS-1.
OFS-2.
- Distribution of Federal Securities.............. ........................ .
- Estimated Ownership of Public Debt Securities......................................
52
63
TREASURY SURVEY OF OWNERSHIP
TSO-1.
TSO-2.
- Summary of Federal Securities........................ .............................
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity*Distribution
64
TSO-3.
- Interest-Bearing Marketable Public Debt Securities by Issue......... .
55
TSO-4.
TS0<-5.
- Securities Issued by Government Agencies...................... ................. .
- Securities Issued by Government-Sponsored Agencies and D.C.........................
67
67
65
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
MQ-2.
MQ-3.
Chart
-
Treasury Bills........... .......... ................................. ..............
Treasury Notes.............. .................................. .....................
Treasury Bonds........ ........................................ ................... .
Yields of Treasury Securities................... ...................... .
59
70
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds............ ..
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds.......... .
71
72
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
- U.S. Reserve Assets............... .................. ............................. .
73
IFS-2.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners...... ............. ......................... ..
74
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area........... ................................. ................... ..........
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Notes............ ...........................
IFS-5.
IFS-6 .
- U.S. Position in the International Monetary Fund.......... ........................
- Weighted-Average of Exchange Rate Changes for the Dollar.......... .......... ......
75
76
*7*7
yg
III
June 1978
CONTENTS
CAPITAL MOVEMENTS
CM-I-1.
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
- Short-Term Liabilities by Type of Foreign Holder.............. ...................
81
CM-I-2.
- Short-Term Liabilities by Type of Liability........... ...........................
82
CM-I-3.
- Short-Term Liabilities by Country........................ ........................
84
CM-I-4.
- Short-Term Liabilities, by Type and Country..... .................................
85
CM-I-5.
- Short-Term Liabilities, Not Regularly Reported Separately.................. .......
86
CM-I-6 .
- Long-Term Liabilities by Type...... ...............................................
87
CM-I-7.
- Long-Term Liabilities by Country..................................................
CLAIMS ON FOREIGNERS REPORTED BY BANKS
88
CM-II-1.
- Short-Term Claims by Type.................................................... .
89
CM-II-2.
CM-II-3.
- Short-Term Claims by Country......................................................
- Short-Term Claims, by Type and Country............................................
90
CM-II-4.
- Long-Term Claims by Type............... ................................ ..........
CM-II-5.
- Long-Term Claims by Country.... ............................................. .
CM-II-6 .
- Long-Term Claims, by Type and Country.................. ............... ...........
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1.
- Liabilities by Type.................. ...................................... ......
CM-III-2.
- Short-Term Liabilities by Country........................... ...................
91
92
93
94
95
96
CM-III-3.
- Short-Term Liabilities, by Type and Country..... .................. .............. .
97
CM-III-4.
- Long-Term Liabilities, by Country.................................................
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
98
CM-IV-1.
- Claims by Type.............................................................. .
99
CM-IV-2.
CM-IV-3.
- Short-Term Claims by Country..................................... .................
- Short-Term Claims, by Type and Country...................................... .
^QO
CM-IV-4.
CM-IV-5.
CM-IV- 6.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type..........
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country........
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country
102
CM-IV-7.
- Long-Term Claims by Country.......................................................
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
CM-V-2.
- Foreign Purchases and Sales of Long-Term Domestic Securities......................
- Foreign Purchases and Sales of Long-Term Foreign Securities..................... .
CM-V-3.
CM-V-4.
CM-V-5.
CM-V-6 .
CM-V-7.
-
10 1
log
10J
IO4
2.05
3.05
2.O6
Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country...
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country.
Net Foreign Transactions in Long-Term Domestic Bonds..... .................... .
Net Foreign Transactions in Domestic Stocks by Country...........................
Net Foreign Transactions in Long-Term Foreign Bonds by Country...................
109
no
iq7
108
CM-V-8 .
- Net Foreign Transactions in Foreign Stocks by Country............. ...............
2.11
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date............. .
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year....... ..........
112
113
Treasury Bulletin
TV
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
FCP-I-1.
PagS
- Nonbanking Firms1 Positions.................................................. ..... 115
FCP-I-2.
- Weekly Bank Positions........................................................... .. 1 X 5
FCP-I-3.
- Monthly Bank Positions.......................................................... .. 115
BELGIAN FRANC POSITIONS
FCP-II-1.
- Nonbanking Firms1 Positions..................................................... .. 116
FCP-II-2.
- Weekly Bank Positions........................................................... .. 116
FCP-II-3.
- Consolidated Monthly Bank Positions............................................. .. 117
CANADIAN DOLLAR POSITIONS
FCP-III-1.
- Nonbanking Firms1 Positions......... ...................................... ....... n g
FCP-III-2.
- Weekly Bank Positions........................................................... .. 118
FCP-III-3.
- Consolidated Monthly Bank Positions............................................ ... 119
FRENCH FRANC POSITIONS
FCP-IV-1.
- Nonbanking FinnsT Positions..................................................... ..120
FCP-IV-2.
- Weekly Bank Positions........................................................... ..120
FCP-IV-3.
- Consolidated Monthly Bank Positions.............. .............................. ..121
GERMAN MARK POSITIONS
FCP-V-1.
- Nonbanking Firms1 Positions...................................... ............... ..122
FCP-V-2.
FCP-V-3.
- Weekly Bank Positions........................................................... ..122
- Consolidated Monthly Bank Positions............................................. .. 123
ITALIAN LIRA POSITIONS
FCP-VI-1.
- Nonbanking Firms 1 Positions.................................. ................... .. 124
FCP-VT-2.
- Weekly Bank Positions........................................................... .. 124
JAPANESE YEN POSITIONS
FCP-VII-1.
- Nonbanking Firms 1 Positions..................................................... ..125
FCP-VII-2.
- Weekly Bank Positions........................................................... ..125
FCP-VII-3.
- Consolidated Monthly Bank Positions............................................. ..126
SWISS FRANC POSITIONS
FCP-VIII-1.
FCP-VTII-2.
- Nonbanking Firms 1 Positions..................................................... ..127
- Weekly Bank Positions........................................................... ..127
FCP-VIII-3.
- Consolidated Monthly Bank Positions..................................... ..........128
STERLING POSITIONS
FCP-IX-1.
- Nonbanking Firms 1 Positions..................................................... ..129
FCP-IX-2.
- Weekly Bank Positions....,.......................................... ..............129
FCP-IX-3.
- Consolidated Monthly Bank Positions.... ........................................ ..130
UNITED STATES DOLLAR POSITIONS ABROAD
FCP-X-1.
- Nonbanking Firms 1 Foreign Subsidaries’Positions..................... ............13 1
FCP-X-2.
- Weekly Bank Foreign Office Positions........................................ ...... 13 1
FCP-X-3.
- Monthly Bank Foreign Office Positions........................................... ..132
June 1978
V
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-TI-1.
GA.-II-2.
- Direct Sales and Repurchases of Loans,............................................
- Direct and Guaranteed Loans Outstanding..........................................
Cumulative Table of Contents....................................................................
Note:
Details of figures may not add to totals because of rounding.
PaSe
13 ^
135
142
VI
Treasury Bulletin
Treasury Financing Operations
Auction of 2-Year Notes
On May 17 the Treasury announced that it would auction
to 8.28$, price 99.877.
Noncompetitive tenders for $1 mil
$2,390 million of 2-year notes to refund the same amount of
lion or less from any one bidder were accepted in full at the
notes maturing May 31, 1978.
average yield of accepted tenders, 8.27$, price 99.911. These
The notes offered were Treasury
Notes of Series P-1980, to be dated May 31, 1978, due May 31,
totaled $508 million.
1980, with interest payable on November 30 and May 31 in each
year until maturity.
A coupon rate of 8$ was set after the
In addition to the $2,257 million of tenders accepted in
the auction process, $300 million of tenders were accepted at
determination as to which tenders were accepted on a yield
the average price from Federal Reserve banks as agents
basis, the average of which translated into an average ac
foreign and international monetary authorities for new cash.
cepted price close to 100.000.
for
Tenders were received at Federal Reserve banks and bran
Tenders for the notes were received until 1:30
p.m.,
ches and at the Bureau of the Public Debt, Washington, D. C.
EDST, May 23 and totaled $5,792 million, of which *$2,428 mil
Bearer notes, with interest coupons attached, and notes reg
istered as to principal and interest were authorized to be
lion was accepted at yields ranging from 8.00$, price 100.000
up to 8.10%, price 99.819.
Noncompetitive tenders for $1 mil
lion or less from any one bidder were accepted in full at the
average yield of accepted tenders, 8.09$, price 99.837.
These
issued in denominations of $1,000, $5,000, $10,000, $100,000
and $1,000,000.
52-Week Bills
On May 18 tenders were invited for approximately $2,454
totaled $988 million.
In addition to the $2,428 million of tenders accepted in
the auction process, $177 million of tenders were accepted at
the average price from Government accounts and Federal Reserve
banks for their own account in exchange for securities matu
million of 364-day Treasury bills to be dated May 30, 1978,
and to mature May 29, 1979.
Tenders were opened on May 24.
They totaled $5,767 million, of which $2,478 million was ac
cepted, including $105 million of noncompetitive tenders from
the public and $1,142 million of the bills issued at the aver
ring May 31, 1978, and $470 million of tenders were accepted
age price to Federal Reserve banks for themselves and as agents
at the average price from Federal Reserve banks as agents for
of foreign and international monetary authorities.
foreign and international monetary authorities for new cash.
tional $21 million of the bills were issued to Federal Reserve
Tenders were received at Federal Reserve banks and branches
banks as agents of foreign and international monetary author
An addi
and at the Bureau of the Public Debt, Washington, D. C. Bearer
ities for new cash. The average bank discount rate was 7.417$.
notes, with interest coupons attached, and notes registered
The issue was to refund $2,454 million of bills
as to principal and interest were authorized to be issued in
May 30.
20*-Day Bills
On May 26 tenders were invited for approximately $6,000
denominations of $5,000, $10,000, $100,000, and $1,000,000.
million of 20-day Treasury bills to be issued June 2, 1978,
Auction of L-Year 1-Mbnth Notes
On May 22 the Treasury announced that it would auction
$2,250 million of 4-year 1-month notes ,to raise new cash.
The
notes offered were Treasury notes of Series H-1982 to be dated
June 7, 1978, due June 30, 1982, with interest payable semi
annually on June 30 and December 31 in each year until matu
rity.
A coupon rate of 8-1/4$ was set after the
maturing
determination
representing an additional amount of bills dated December 22,
1977, maturing June 22, 1978. The issue was to raise
cash.
Tenders were opened on June 1.
new
They totaled $12,285
million, of which $6,005 million was accepted.
The average
bank discount rate was 7.110$.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in May totaled
as to which tenders were accepted on a yield basis, the aver
$22,700 million.
age of which translated into an average accepted price close
exchange for bills maturing in the amount of $23,000 million.
to 100.000.
Tenders for the notes were received until 1:30 p.m., EDST,
These issues were offered for cash and in
There were two 13-week issues of $2,200 million and two 13-week
issues of $2,300 million.
There were three 26-week issues of
May 31, and totaled $5,026 million, of which $2,257 million
$3,400 million and one 26-week issue of $3,500
was accepted at yields ranging from 8.24$, price 100.013 up
age rates for the new issues are shown in the following table.
million. Aver
VII
June 1978
Treasury Financing Operations—Continued
Date of issue
in investment securities for
bills to be maintained on the
Annual average rate
(bank discount basis)
book-entry records of Federal Reserve banks and branches, or
13-week
cent of the par amount of the bills applied for must accom
for definitive bills, where authorized.
1978
26-week
A deposit of 2 per
pany tenders for such bills from others,
May
4
11
18
25
6.935
6.986
7.014
7.141
6.460
6.464
6.318
6,476
accompanies the tenders.
Noncompetitive tenders (without stated price), usually
Treasury Bills (Other than short-dated bills) - General
Treasury bills are sold on a discount basis under com
petitive and noncompetitive bidding,
unless an express
guaranty of payment by an incorporated bank or trust company
and at maturity their
for $500,000 or less from any one bidder, for each issue of
13-week, 26-week, and 52-week bills, are accepted in full at
the average price of accepted competitive bids for an issue.
Except for defini
Payment for accepted tenders must be made or completed
tive bills in the $100,000 denomination, which are available
on the date of issue, in cash or other immediately available
par amount is payable without interest.
only to investors who are able to show that they are required
funds or in a like par amount of Treasury securities maturing
by law or regulation to hold securities in physical form, all
on or before that date.
series are issued entirely in book-entry form in a
52-week bills may not be made by credit in Treasury tax and
minimum
amount of $10,000 and in any higher $5,000 multiple, on the
records either of the Federal Reserve banks and branches, or
Payment for
13-week, 26-week, and
loan accounts.
Foreign Series and Foreign Currency Series
Foreign series securities issued in May totaled $954
of the Department of the Treasury.
Tenders are received at Federal Reserve banks and branches
and from individuals at the Bureau of the Public Debt, Wash
ington. Each tender must be for a minimum of
$10,000. Tenders
over $10,000 must be in multiples of $5,000.
Payment for the
million, consisting of 1 bill and 21 certificates.
tions for the month totaled $1,916 million.
May, foreign series securities outstanding totaled
million.
Redemp
At the end of
$21,476
(Details are shown on page 54.)
full par amount applied for must accompany all tenders sub
mitted for bills to be maintained on the book-entry records
of the Department of the Treasury.
A cash
adjustment will
There were no issues of foreign currency series securities
in May.
Redemptions for the month totaled an equivalent of
be made for the difference between the par amount submitted
$52 million.
and the actual issue price as determined in the auction. No
deposit need accompany tenders from incorporated banks and
rities outstanding totaled an equivalent of $943 million and
were all denominated in Swiss francs. (Details are shown on
trust companies and from responsible and recognized dealers
page 56.)
Note:
At the end of May foreign currency series secu
Details of Treasuiy market financing operations are shown elsewhere in tables on public debt operations.
June 1978
1
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing— net transactions
1/ Budget receipts and-outlays
Borrowing from the public— Federal securities
Fiscal year
or month
Surplus
Net
Net
or
receipts 2/ outlays 2/ deficit (-)
1-2
(1 )
(2 )
(3)
Ifcblic
debt
securi
ties 4/
Agency
securi
ties
Invest
ments of
Govern*ment ac
counts 2/
(5)
(4)
(8 )
-10,150
-1,739
-347
-1,269
216
903
-1,069
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,913
760
1,746
826
247,074
269,621
326,105
365,648
94,660
401,896
1978 (Est.)...
1979 (Est.)...
400,479
439,823
453,528
499.391
-53,049
59,568
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1977-Apr.......
39,832
27,549
43,075
24,952
29,676
36,642
24,127
27,596
32,794
33,201
26,795
24,879
42,343
4,459
1,815
1,086
2,316
-561
11,310
-51
-27
-32
-96
-417
-14
l,207r
-2,871
518
39,205
June......
July......
Sept......
Oct.......
Nov.......
Dec.......
1978-Jan.......
Feb.......
Mar.......
Apr.......
Fiscal 1978
to date.......
188,392
211,734
184,548
196,588
211,425
232,021
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
10
724
-1,380
8,522
10,062
7,417
8,420
11,822
14,813
7,*031
4,341
w
33,630
34,720
35,097
38,790
36,864
37,646
36,918
33,787
40,004
35,724
-6,043
10,194
-8,678
-5,044
1,545
-14,663
-9,269
-4,852
-3,717
-6,992
-15,125
6,618
8,198
- 1,362
- 32I
-5
-51
558
3,930
1,767
-2,460
3,114
3,629
-3,296
1,685
961
-3,370
2,721
-1,462
849
259,733
-47,999
37,749
-455
-1,912
35,363
33,592
32,881
13,666
-1,437
10,569
10,971
2,652
8*157
-8
-30
-39
6 / 2/
(7)
(6 )
208,649
232,225
264,932
280,997
299,197
81,687
~ J--
187,784
193,743
Within general
account of the
U.S. Treasury
Total
4+5-6
3,236
-2,845
-23,033
-23,372
-14,849
-4,689
-45,108
-66,451
-12,973
'^035
-45;
1969.
1970.
1971.,
1972.
1973.,
1974.,
1975.,
1976.
T. 0..,
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
T.Q.............
1977............
1978 (Est.)___ _
1979 (Est.),,,,
Other 10/
Transactions
not applied to
year1s surplus
or deficit 11/
Total budget
financing
7-8-9-10
-11-12+13+14
(13)
(14)
(1*)
-284
10,407
-961
-3,236
2,845
23,033
23,372
14,849
4,689
45,108
66,451
12,973
45,035
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
2,004
n.a.
n.a.
1,442
340
451
-7,393
-6,710
-2,436
-8,247
n.a.
n.a.
June......
3,211
-2,287
-1,146
-66
-221
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1,824
-3,940
2,159
2,237
-1,479
1,430
-1,678
-1,535
-1,634
622
-384
-1,258*
-4,469
6,043
-10,194
8,678
5,044
-1,545
14,663
9,269
4,852
1978-Jan.......
Feb.......
Mar.......
Apr.......
Fiscal 1978
to date......
-935
-2,053
5,576
-441
-1,146
-1,234
-1,100
-569
3,717
6,992
15,125
-6,618
4,335
-5,070
47,999
1977-Apr.......
Footnotes on following page.
482
536
53,049
59,568
U.S.
Treasury
operating
cash
Special
drawing
rights 8/
(11 )
(12 )
557
290
711
644
802
-908
-988
50
525
-302
808
-1,536
-208
1,079
-1,264
91
647
-172
-si?
-m
n.a.
i\.a.
n.a.
n.a.
n.a.
n.a.
8,739
-10,777
9,264
-6,101
-3,091
-5
-14
12,040
6
1,668
-8
245
123
-1,570
7,246
57.2**
72.0**
‘
1,803
7,780
10,024
1,851
8,854
9,971
6,027
5,108
9,656
-2,263
Gold
tranche
drawing
rights SJ
(10 )
(9)
2,068
-3,380
Means of financing— net transactions— Con*
Fiscal year
or month
Cash and monetary assets (Deduct)
-11,417
-2,216
6,803
207
-5,089
-984
2,874
-24
665
-565
131
-434
338
135
1,368
-168
-1,591
70
-135
241
794
-9,823
130
579
86
16
12
41
18
81
-49
&
22
1,121
1,024
764
132
n.a.
n.a.
24
-12
-66
-206
27
-88
56
89
-3
2
12
-272
-298
-415
Selected balances, end of period
General ac
U.S.
count of the Treasury
U.S. Treasury operating
6ash
$ / y
(16)
(17)
Federal securities
Public
debt
securities
Agency
securities
u
w
(18)
Investments
of Govern
ment accounts
Held by the
public
18+19-20
(21 )
(19)
(20 )
14,249
12,510
12,163
10,894
11,109
10,943
10,953
11,678
10,298
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551,843
n.a.
n.a.
n.a.
n.a.
11.a.
n.a.
10,883
10,856
10,824
10,728
10,311
10,298
534,590
531,719
532,237
534,039
541,819
551,843
553,694
562,548
572,519
_
_
-
-
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
n.a.
n.a.
17,767
6,991
lb,255
671,023
672,109
674,425
10,154
7,063
19,104
7,687
5,471
12,274
673,864
685,174
698,840
697,403
707,972
718^943
10,290
10,221
147,316
151,246
153,013
150,553
153,666
157,295
153,999
155,684
156,645
12,481
-
7,391
6,407
9,281
721,595
729,753
737,951
736,589
10,226
9,898
9,893
9,842
153,275
155,996
154,534
155,383
578,546
583,654
593,310
591,048
-
9,281
736,589
9,842
155,383
591,048
7,544
9,291
10,117
•11,785
13,854
10,473
-
-
-
_
_
-
_
_
_
-
7,589
14,835
17,414
19,104
12,012
10,260
279,483
284,880
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Footnotes to Table FFO-1.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Budget estimates are based on figures released in the Current
Budget estimates on March 13, 1978, by the Office of Management
and Budget.
1/ Bi'lp*’
cinj mxJay dr<=* i f 'i i ed !,<> reflect i*aKTied !n<ome
Credit payment in except, of an individual's tax liability, Termerly
treated as outlays, and now classified as income tax refunds.
2J For detail see Table FFO-2.
2/ For detail see Table FFO-3.
i j As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the “
budget presentation.
5/ For detail see Table FFO-6 .
6/ Current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance date basis and
are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FF0-10 in the October lc>.’
4
Bulletin.
2/ As of July 1974, balances shown under "Within general accounts of the
Note:
8/
2/
10/
11/
12/
v.
**
L.o. treasury" are now presented m columns 9 , 11 , and 13 .
Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
Represents activity of the International Monetary Fund.
Includes: public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassification
of Commodity Credit Corporation certificates of interest; fiscal 1974
conversion of interest receipts of Government accounts to an accrual
basis, and net outlays of off-budget Federal agencies. Also includes
rural electrification and telephone revolving fund since May 12, 1973,
Postal "Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fund.from August
22, 1974, through September 30, 1977, and Pension Benefit Guaranty
Corporation since September 17, 1974.
For detail see Table FD-6 .
poirte.*v*
« o Not available.
In billions of dollars.
3
June 1978
_F E D E R A L FISCAL OPERATIONS..
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Fiscal year
or month
1978 (Est.)...............
1979 (Est.)...............
1977-Apr..................
May..................
July.................
1978-Jan..................
Feb..................
Mar..................
Fiscal 1978
to date...................
Net
budget
receipts 1/
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
400,479
439,823
Social insurance
taxes and contributions
Individual
1 Other
Refunds I f
Net
Gross
Refunds
Net
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
45,702
28,817
10,191
13,240
14,522
14,143
21,866
23,952
34,013
28,175
1,044
30,194
35,033
41,236
87,249
90,412
86,230
94,737
103,246
118,952
122,386
, 130,795
' 38,715
156,725
I 178,828
190,077
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
9,809
60,057
64,267
68,047
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,164
5,318
5,560
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,892
58,949
62,487
7,725r
5,801
501
726
364
352
206
174
179
48
3,102
11,756
7,883
18,665r
9,289
17,949
12,438
12,725
17,327
13,275
13,171
13,941
20,217
10,620
5,258
18,883
8,461
1,465
14,758
1,968
1,288
8,770
2,159
1,386
9,549
2,273
1,521
8,682
9,342
488
369
379
430
479
394
714
466
337
282
508
659
492
7,974
1,096
14,379
1,538
809
8,376
1,445
920
9,212
1,991
1,013
8,023
8,850
95,317
34,912
3,457
31,454
Withheld 2/
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
144,857
168,159
202,496
ll,986r
12,999
12,178
12,240
12,429
11,777
12,770
12,916
13,351
Corporation
39,832
27,549
43,075
24,952
29,676
36,642
24,127
27,596
32,794
33,201
26,795
24,879
42,343
13,111
12,811
14,469
13,095
14,405r
2,092
6,272
923
660
5,903
711
430
770
7,154
911
2,546
13,621
211,734
92,523
26,143
23,349
Employment taxes and contributions
Old-age, disability, and
hospital insurance
Net
income
taxes
123,927
123,241
113,015
126,903
139,398
157,571
163,007
172,204
47,175
211,618
237,777
252,564
26,639r
10,386
32,328
13,976
13,534
25,703
14,721
14,092
23,153
22,208
11,633
13,282
27,683
126,771
Gross
33,956
38,600
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,701
102,678
118,188
8,981
9,864
7,274
6,690
10,034
7,160
5,490
8,446
5,875
7,141
10,451
7,773
9,967
Refunds
605
386
518
447
479
535
360
408
-
400
550
632
_
-
400
_
-
_
-
55,141
Net
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,302
102,128
117,556
8,981
9,864
6,874
6,690
10,034
7,160
5,490
8,446
5,875
7,141
10,451
7,773
9,967
55,141
Social insurance taxes and contributions - Continued
Fiscal year
or month
Employment taxes and contributions - Con.
Railroad retirement accounts
Gross
Refunds
Net
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,909
*
*
*
1
1
*
*
*
*
*
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,908
1978 (Est.)...............
1979 (Est.)............... .
1,858
2,053
*
★
1,858
2,053
1977-Apr...................
May...................
18
296
170
34
313
139
52
304
163
*
*
*
-*
*
*
*
*
*
16
294
166
20
1,015
July..................
Sept..................
Oct...................
Nov...................
1978-Jan...................
Feb...................
Apr...................
Fiscal 1978
Footnotes at end of table.
Net
employment
taxes and
contributions
34,236
39,133
41,669
46,120
54,876
65,892
75,204
79,909
21,803
92,210
103,986
119,609
8,999
10,160
7,044
6,725
10,347
7,299
5,542
8,750
6,038
*
*
-*
*
18
296
170
34
313
139
52
304
163
16
294
166
20
*
1,015
Unemployment insurance
Gross
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
11,347
14,472
16,380
Refunds
7
6
8
13
19
26
33
32
6
36
52
58
Net contributions for other
insurance and retirement
Net
unemployment Federal
supple
insurance
mentary
medical
insurance
3,328
903
936
3,464
1,253
3,674
1,340
4,357
6,051
1,427
6,837
1,704
6,771
1,901
8,054
1,937
539
2,698
2,192
11,312
2,408
14,420
2,631
16,322
12
6
5
8
-3
2
1
1
1
l,107r
3,582
228
800
2,161
94
541
1,216
123
7,157
10,745
7,938
9,987
l,118r
3,588
232
808
2,158
96
543
1,217
125
404
1,192
146
1,404
1
1
11
403
1,192
144
1,393
178
184
182
189
195
192
204
192
193
191
213
196
195
56,156
5,031
18
5,013
1,384
Federal
employees
retirement
Other
retirement
Total
1,426
1,735
1,916
2,058
2,146
2,302
2,513
2,760
706
. 2,910
3,246
3,265
24
29
37
39
41
45
52
54
13
59
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,162
62
62
5,716
5,958
227
273
238
243
248
238
259
242
286
241
273
275
247
4
4
5
4
7
4
3
5
6
6
4
7
5
409
461
424
437
450
434
466
438
486
437
490
478
448
1,823
36
3,242
Treasury Bulletin
4
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source—Continued
(In millions of dollars)
Social insurance
taxes and
contributions Continued
Fiscal year
or month
1969.......................
1970.......................
1971.......................
1972.......................
1973........................
1974.......................
1975.......................
1976.......................
1977.......................
1978 (Est.)................
1979 (Est.)................
1977-Apr...................
May...................
July..................
Oct...................
1978-Jan...................
Feb...................
Apr...................
Fiscal 1978
Excise taxes
Miscellaneous
Gross
Refunds
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,683
124,122
141,889
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
9,796
11,936
17,434
96
167
133
1,056
158
141
15©
141
44
148
159
466
10,585
10,352
10,510
9,506,
9,836
9,743
9,400
10,612
2,520
9,648
11,777
16,968
564
650
760
842
964
940
277
1,193
1,289
1,091
2
1
2
2
1
2
1
2
2
2
877
811
888
897
674
832
847
922
777
829
705
756
763
12
14
14
13
12
11
12
11
14
13
7
15
9
866
797
874
884
663
821
835
911
763
816
697
742
754
91
94
103
108
111
110
100
101
108
97
116
103
101
*
*
5,599
82
5,517
727
10,515r
14,203
7,696
7,961
12,958
7,828
6,550
10,404
6,647
7,998
12,427
8,560
11,828
64,412
Excise taxes - Continued
Highway trust fund
Airport and airway trust fund
Net
social
insurance
taxes and
contri
butions
Net
Gross
Refunds
Gross
Refunds
Net
, 563
■ 649
758
, 840
962
1 938
277
11,191
1,287
1,089
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,844
7,226
7,558
224
32
123
313
153
123
146
152
1
135
140
140
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,709
7,086
7,418
534
596
566
574
750
658
594
601
591
579
470
561
602
98
2
12
1
*
*
91
94
103
108
111
110
100
100
108
97
115
103
101
23
11
93
436
594
554
574
749
658
594
604
591
579
447
550
509
1
725
3,997
123
3,873
' Net
-
-
-
-
-
-
*
-
1
-
1
1
-
Estate and gift taxes
1969................
1970................
1971...............
1972...............
1973...............
1974................
1975................
1976................
T.Q...♦..............
1977................
1978 (Est.).........
1979 (Est.).........
1977-Apr............
May............
Nov............
Dec............
1978-Jan............
Feb............
Mar............
Apr............
Fiscal 1978
Gross
Refunds
_
_
-
Net
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_
-
_
_
-
-
-
-
-
-
-
Net
excise
taxes
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,548
20,242
25,475
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5
-
-
5
1,392
1,485
1,530
1,567
1,523
1,589
1,529
1,615
1,463
1,492
1,259
1,395
1,368
5
-
5
10,120
1
-
-3
-
Net miscellemeous receipts
Customs duties
Black lung disability
trust fund
Fiscal year
or month
-
Gross
Refunds
Net
Gross
Refunds
Net
Deposits of
earnings by
Federal
Reserve
banks
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
7,425
5,718
6,167
389
509
446
511
555
461
421
446
492
453
441
471
306
39
36
49
54
59
66
77
91
'31
98
100
100
13
9
9
6
8
7
11
7
9
6
7
9
11
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
7,327
5,618
6,067
376
501
437
505
547
454
410
439
482
447
434
462
296
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
5,287
5,946
6,560
407
436
516
459
555
507
416
469
516
506
454
616
557
68
64
66
107
120
110
106
134
31
137
154
170
14
9
12
13
12
13
10
11
16
12
13
13
12
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
5,150
5,792
6,390
2,662
3,266
3,533
3,232
3,495
4,845
5,777
5,451
1,500
5,908
6,200
6,300
393
427
504
446
543
494
406
459
501
494
441
603
545
460
490
525
450
513
513
462
535
493
510
555
514
531
58
58
54
48
59
62
50
52
56
53
47
63
91
517
548
581
498
572
575
512
587
549
563
602
577
622
3,030
60
2,970
3,534
85
3,449
3,601
412
4,012
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates for net receipts are based on figures released
in the current Budget Estimates on March 13, 1978, by the Office of
Management and Budget. Estimates in detail are not available and
are based on the 1979 Budget of the U.S. Government, released
January 23, 1978.
1/ Budget receipts are revised to reflect Earned Income Credit payments
” in excess of an individual's tax liability, formerly treated as out
lays, and now classified as income tax refunds.
2/ Includes individual income taxes designated for the Presidential
All
other
Total
247
2,908
3,424
158
3,858
325
3,633
380
426
3,921
523
5,369
935 3/6,711
2,576 4/8,028
1,613
112
628 6,536
728
6,928
903
7,203
election campaign fund. Prior to February 1974, these taxes were
included in "Other".
1
3/ Includes $442,615 thousand in fees for licenses to import petroleum
and petroleum products.
4/ Included $1,670 million in fees for licenses t6 import petroleum and
petroleum products.
5/ The Black Lung Disability Trust Fund was formally created on April
1, 1978 pursuant to the "Black: Lung
L
Benefits Revenue Act of 1977"
(Public Law 95-227).
Less than $500,000.
Revised.
BUDGET RECEIPTS BY SOURCE
Fiscal Years 1969 - 1978
Comparison
H JS •*— first seven months —*
!§g§ FY1977 and F Y 1978
$Bil.-----------300 -TOTAL
$Bil.
- Individual Income Taxes
:::::::::::::::::::
(m m
1969
1971
1973
1978
T.Q.
1975
120
Social Insurance Taxes
and Contributions
40
'////X '////X '/////✓
1969
1971
Cv//i!o/-> Tnvrkt>
V////, V///A v.////,
V///A V////
1973
1975
vyy/A
m
1973
1975
1978
T.Q.
//////
0
20
wk.
1969
m
1971
Others
T.Q.
^
1978
Y//Z/, y/ m
~W
/ W /l 'W/
W/L////Z
W//.
1969
2
1971
M M
H
1973
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2.
U Includes estate and gift taxes, customs duties, and miscellaneous receipts.
1975
VM
V///,
T.Q.
1978
6
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table FFO-3. - Budget Outlays by Agency
......U P i aliiona o . dollarsj
Fiscal year
or month
1969............ .
1970............ .
1971............ .
1972............
1973............
1974............
1975............
1976............
T.Q............. .
1977............
1978 (Est.)......
1979 (Est.)......
1977-Apr........
May........
June.......
July.......
Aug........
Sept.......
Oct.........
Nov....... .
Dee........
1978-Jan........
Feb........
Mar........
Apr.... .
Fiscal 1978
to date........
Fiscal year
or month
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977.............
1978 (Est.).... .
1979 (Est.)......
1977-Apr........
May........
June.......
July.......
Sept.......
Oct........
Nov........
Dec........
1978-Jan........
Feb........
iftf........
Apr........
Fiscal 1978
to date........
Legis
lative
branch
277
340
384
487
540
625
726
779
225
976
1,037
1,175
87
98
SI
The
judi
ciary
Executive
Office
of the
President
Funds ap
propriated
to the
President
109
128
31
36
47
55
49
75
93
79
16
73
78
7
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
142
173
183
205
284
325
85
39?
458
489
55
116
46
29
27
40
31
31
88
1
1,221
16^8
4 ,U?r>
5,0-* I
22,079
9
91
69
45
28
87
80
89
80
29
51
27
37
4
7
583
219
42
2,398
Labor
Depart
ment
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
5,905
22,374
23,324
25,134
l,888r
1,890
1,755
1,766
1,950
1,692
1,575
1,524
1,845
2,038
2,063
2,347
1,882
13,321
State
Depart
ment
437
448
468
568
591
730
844
1,061
316
1,132
1,247
1,355
9lr
61
98
146
80
32
152
46
113
94
136
102
159
787
6
6
8,112
9,247
11,936
3,003
12,514
13,905
15,798
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,900
47,800
55,400
1,065
1,192
2,878
2,997
6,384
2,909
2,989
1,328
2,97$
897
897
1,012
1,308
1,163
1,123
Military
77,870
77,150
74,546
75,150
73,297
77,625
85,420
1,368
1,455
1,583
2,020
88,036
5*U
21 926
95, ’jjl
103,800
4,479
7,736r
7,954
8,364
8,317
7,851
8,094
7,992
8,721
186
262
285
258
1,825
1,316
Civil
1,268
1,376
1,530
1,703
1,682
2,051
2,124
583
2,280
198
8,200
226
380
358
453
445
8,123
8,226
9,168
8,315
159
144
169
166
13,918
2,583
58,752
1,319
336
General
Services
Adminis
tration
_
701
763
1,114
425
446
501
589
National
Aero
nautics
and
Space
Admin.
33
275
6,792
6,674
8,512
6,464
1,512
7,660
2,530
3,118
1,108
4,365
-276
-624
-92
3
-31
7,265
7,212
4,763
5,679
209
306
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,,944
3,982
4,269
2,134
56
-353
286
339
-201
322
103
70
2,021
368
484
379
306
370
314
343
309
314
299
355
324
310
339
206
124
-8
2,302
1,145
797
982
1,027
3,083
3,320
6,794
3’
,282
3,A50
3^403
3,493
1,800
2,154
7,544
26,825
5,679
-262
-450
&
2,032
416
468
-103
92
34
-140
111
105
-226
320
286
8
-188
315
342
370
316
2,222
-171
2,311
m
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on figures released in
the current Budget Estimates on March 13, 1978 by the Office of
Management and Budget. Figures are available in detail for the 1978
Estimates. Other estimates are based on the 1979 Budget of the U.S.
Government, released January 23, 1978.
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.
The Export-Inrport Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-*646. Adjustments are made
to include totals for the period it was outside tfte Budget (August 17,
1971 through Septeniber 30, 1976). Also, adjustments are made to
reflect certain Export-Inrport Bank borrowing transactions now classified
as agency debt. These transactions were’
previously reported as offbudget negative outlays.
3/ Pursuant to Public Law 95-91, as of Oetober 1, 1977, all functions of
2/
y
y
5/
6/
r
7,152
10.087
261r
474
198
2,689
939
1,879
781
Environ
mental
Protection
Agency
3,888
1,000
488
222
240
464
523
230
463
479
499
272
226
632
11,968
13,337
16,575
18,415
3,957
18,019
18,853
19,238
1,683
1,649
1,218
1,334
1,417
1,329
1,574
1,597
2,604
684
3,642
3,592
4,786
7,488
7,079
1,397
5,832
163,484
181,265
9,529
8,361
12,318
12,311
12,434
12,387
510
530
575
568
561
12,961
12,944
12,774
480
13,179
582
689
767
439
13,125
13,378
14,387
12,756
661
430
465
526
3,128
92,900
4,120
386
7,669
8,653
9,756
10,710
2,890
13,300
415
513
Veterans
Adminis
tration
1,529
2,603
93,735
112,411
128,785
34,341
147,455
82,042
5,223
159
346
273
329
341
46,594
52,338
61,866
71,779
2,607
2,610
2,439
2,545
2,558
2,493
3,524
1,211
965
1,674
1,471
1,773
2,840
3,018
300
Health,
Housing & Interior
Education., Urban De- Depart
Energy
Department & Welfare :velopment ment
Department Department
1/2/
2/ 2 /
2,536
2,547
11^.200
1,102
Treasury
Department
Transport
tation
Interest
Depart
on the Other
ment
public
2/ 6/
debt 4 /
5,970
6,417
7,247
7,531
8,183
Defense Department
854
1,028
1,188
1,250
Lr',7 2 r'
568r
671
187
6
6
4
5
9
4
4
7
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
2,497
-185
667
1,123
219
429
354
-9
82
537
789
82
Agricul Commerce
ture De Depart
partment ment
Other
independ
ent
agencies
2/
4,734
7,089
8,715
9,878
11,832
13,988
18,433
19,003
5,851
19,811
23,860
27,699
1,709
1,840
1,723
1,675
1,356
1,811
3,978
1,939
1,776
1,797
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,085
3,710
4,002
254r
2^j>
264
175
218
479
263
373
281
258
233
208
222
1,846
Justice
Depart
ment
515
640
916
1,180
1,531
1,797
2,067
2,242
551
2,350
2,478
2,533
195
190
229
188
181
177
205
208
193
195
189
191
213
1,395
Undistributed Offsetting
Receipts 2/ 1/
Rents and
Royalties
on the Outer
Continental*
Shelf lands
Total 6/
Other
- 2,428
-2,662
-1,311
-2,374
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
- 12,042
-1,255
-12,679
326,105
365,648
94,660
401,896
-2,500
-1,800
-13,319
-14,221
453,528
499,391
-418
35,763
33,592
-461
33,630
34,720
35,097
38,790
36,864
37,646
36,917
_
_
_
_
-57
-104
-320
-983
-44
-59
-63
-479
-98
-61
-90
-505
-3,891
-356
-543
-914
-542
-3,-965
-414
184,548
196,588
211,425
232,021
247,074
269,621
32,881
556
m
1,966
-138
-242
-M
—
460
llffi
11,204
14,854
-1,171
-6,872
259,733
m
35,724
the Energy Research and Development Administration, Federal Fnergy
Administration, and Federal Power Commission, and certain functions
of Interior (Bonneville Power Administration and other power adminis
trations), certain other departments, and the Interstate Commerce
Commission were transferred to the Fnergy Department.
Cumulative year to date figures may not add due to budget realignments.
Prior to January 1975, Rente and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for the
Interior Department. To conform with the FY 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
Reported on an annual basis.
For content see Table FF0-4.
Budget Outlays are revised to reflect Earned Income Credit payments in
excess of an individual's tax liability, formerly treated as outlays.
and now classified as income tax refunds,
Revised.
7
June 1978
FEDERAL FISCAL OPERATIONS
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Interest credited to certain Government accounts
Federal employer contributions to retirement funds
Health', Education,
and Welfare Dept.
Fiscal year
or month
Federal Old-Age,
Disability, and
Hospital Insurance
Defense
Department
Civil Service
Commission
Civil Service
Retirement and
Disability Fund
Soldiers' & Federal Old-Age Federal
Disability
Airmen’
s
and Survivors
Insurance
Home
Insurance
Trust Fund
Permanent
Trust Fund
Fund
Other
1/
Total
6
8
8
3
3
3
3
3
4
7
6
1
6
2,346
80
2,275
2,139
1,746
238
41
951
294
1,152
1,756
1,918
2,080
592
2,192
652
980
1,024
99
1,204
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,548
1978 (Est.)........
1979 (Est.)........
1,272
1,386
2,495
2,508
1,258
1,263
5,024
5.157
6
6
1977-Apr...........
May...........
June..........
179
100
167
330
375
332
1
98
184
193
186
208
172
219
49
49
65
58
51
558
51
63
65
1970...............
1971...............
611
728
727
742
1,401
1,709
1,876
2,018
816
2,101
911
1,082
1,138
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec...........
1978-Jan...........
Feb...........
Mar...........
Apr...........
Fiscal 1978
to date...........
102
106
9
10
220
101
87
91
92
97
107
340
346
831
350
_
_
_
1
_
328
380
_
2
343
385
106
34
69
77
58
_
205
196
182
382
2
346
-
714
1,384
417
2,515
202
111
110
Health, Education, and Welfare Department
_
3
1,009
1,346
1,617
94
23
12
388
138
183
190
435
479
512
467
13
374
607
708
5
770
140
221
406
17
29
43
. 77
104
104
4
132
818
873
201
4
5
149
*
5
7
364
5
5
57
3
10
6
6
1
1
2
324
1,718
1,848
2,039
2,296
198
227
4
63
27
41
87
884
9
67
28
50
258
7
3
7
2
1
17
95
2
383
77
2
4
5
4
3
3
5
139
402
1
10
1,168
Federal
Supplementary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
5
g
14
115
Interest credited to certain Government accounts-Continued
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
517
601
637
496
487
650
639
283
55
232
1978 (Est.).......
1979 (Est.).......
380
1977-Apr............
May............
14
17
46
July...........
Aug............
Sept...........
Oct............
Nov............
Dec............
1978-Jan............
Feb............
Mar............
Apr............
Fiscal 1978
to date...........
478
2
29
12
20
Transportation
Department
Highway
Trust Fund
National
Service
Life
Insurance
Fund
Civil Service
Retirement and
Disability
Fund
32
31
31
32
31
31
31
31
*
32
225
245
271
292
309
338
433
2,136
2,463
71
2,841
644
687
33
31
470
500
3,237
3,808
2
3
295
1
6
10
12
14
272
3
19
1
141
Government
Life
Insurance
Fund
Civil Service
Commission
53
115
184
206
247
415
586
587
13
593
28
47
11
12
Veterans Administration
Vt
*
16
*
*
*
*
*
368
398
8
2
•*
210
*
6
*
_1
805
987
1,232
1,464
1,566
1,838
10
38
1,289
3
67
9
15
49
1,407
Railroad
Retirement
Board
191
215
251
258
262
257
274
246
16
230
200
175
3
14
75
*
Other
2/
3
213
229
275
8,595
9,064
2,000
88
130
57
104
320
12
23
40
130
162
1
1
3,559
15
197
83
6
107
*
3
4
*
13
77
105
2
214
3,584
71
10
4
219
*
8
*
*
*
*
-6
1
15
4
4
1
1
1
1
315
16
228
1,605
113
114
3
5
6
*
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note:
Budget estimates are based on the 1979 Budget of the U.S.
Government, released January 23, 1978.
A/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974, includes adjustments of interest on pablic debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
*
11
_
_
_
-
3,099
3,936
4,765
3,089
5,452
6,574
7,690
7,800
270
8,131
8
20
14
16
49
76
Total
Rents and
royalties
on the Outer
Continental
Shelf lands
2/
2,428
2,662
1,311
2,374
1,800
Grand
total
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,053
15,619
16,021
475
609
4,211
983
44
59
63
479
98
1,338
587
973
524
60
115
61
90
138
24^
S?
4,357
1,171
8,043
111
201
1,021
4,063
5a
703
foreign service retirement and disability fund, and Airport and Airway
trust fund.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FT 1976 Budget Docu
ment’
s presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a result, the
detail will not add to the Fiscal Year 1974 totals.
* Less than $500,000.
Oo
Table FFO-5. - Budget Outlays by Function
(In millions of dollars)
F.Y. 1977
Apr.
National defense
Outlays.........................
Proprietary receipts from the public.
Intrabudgetary transactions.........
Total..............................
International affairs
Outlays............................
Proprietary receipts from the public.
Intrabudgetary transactions.........
Total.......... ....................
General science, space, and technology
CXitlays......................... .
Proprietary receipts from the public.
Total,.............................
Energy
Outlays.............................
Proprietary receipts from the public....
Intrabudgetary transactions..........
Total...............................
Natural resources and environment
Outlays.............................
Proprietary receipts from the public,.
Intrabudgetary transactions..........
Total...............................
Agriculture
Outlays...................... .. *....
Proprietary receipts from the public,.
Total...............................
Commerce and housing credit
Outlays......................... .
Proprietary receipts from the public..
Intrabudgetary transactions..........
Total.......... .....................
Transportation
Oitlays..............................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..............................
Community and regional development
Outlays............................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..............................
Education, training, employment and social
services
Outlays......................... .
Proprietary receipts from the public.
Total........ ......................
Footnotes at end of table.
F.Y. 1972
July
Aug.
Sept.
Oct.
9,671
-1,256
___ -3_
8,412
9,395
-397
-18
8,470
-405
8,979
8,087
8,974
8,417
7,974
981
-45
460
317
-18
-48
534
-129
-35
371
378
-78
_*
382
371
8,997r
- 66r
-1
8,785
-230
____ 2_
9,587
-1,184
_____ 2_
8,438
-434
8,930r
8,555
8,404
8,004
582
-998r
330
-28
-18
503
-64
521
-25
-415r
284
439
537
-69
-5
463
356
351
362
*
358
422
-2
392
___ 2_
379
-2
362
356
420
393
378
Mar.
9,644
-670
22
-14
-68
446
497
9,202
-782
__ ^
8,972
-999
lomparable
Cumulative period
to date
fiscal
1977
1/ 2J
Apr.
8,559
113
____ 3_
8,676
10,855
-135
-19
8,377
113
10,701
8,492
390
-500
738
-1,532
300
60,312
-94
4
60,222
57,002
-865
1,686
-427
8,271
-5,367
-83
7,145
-5,838
-25
-795
1,259
2,820
1,282
2,726
-2
2,646
-1
2
56,146
392
-*
433
380
-1
370
392
433
379
2,724
2,644
H
a
431
-50
363
-45
430
396
-231
2,851
-339
2,390
-235
w
112
382
319
542
165
2,512
2,155
356
-l67r
713r
350
389
382
1,385
-145
-1
1,239
1,559
-138
____-1_
1,421
1,502
-235
1,664
-258
-2
1,266
254
332
-1
2
2
737
138
256
334
1,404
733
___7_
740
1,912
-406
_____5_
1,511
59
-9
50
1,382
-122
1,622
-96
-1
1,701
-135
____-4
1,318
-166
1
1,259
1,526
1,561
1,152
1,095
8
1,597
-45
1,724
-27
1,103
1,553
1,697
1,743
46
1,790
-2
7,264
-989
-17
6,258
6,451
-856
-5
5,590
-26
15
6,736
-37
3,637
-54
680
”23"
6,699
3,583
55
455
-17
-1,631
-2
-18
-4
437
-1,643
1,080
-4
995
-4
1,157
-4
10,513
-48
9,523
-24
1,076
991
1,153
10,464
9,499
1,525
-33
-31
1,4&L
780
6,452
-211
-6 1
3,918
-204
-62
6,180
3,652
829
-185
-3
641
991
-147
-4
841
-48
-9
-623
185
-2
-2
184
-626
1,123
-4
575r
-1
-6
l,6l3r
-1
l,6l2r
>
HH
Xfl
148
-10
738
390
550
4
-28
1,630
-3
1,628
708
-36
629
5
-1
-8
670
627
893
-14
-5
875
1,773
1,658
1,972
-1
-1
-2
1,772
1,656
1,970
772
5
-5
1,839
-5
1.778
1,997
2,058
Wl
13,602
-8
10,848
-1
2,217
-3
1,914
-1
1,834
1.778
1,996
2,058
2,214
1,913
13,594
10,839
-2
-11
941
628
1,058
___3_
1,758
1,761
1,074
-17
773
tr*
O
•tj
H
»
1—1
O
2
CO
-2
738
23
-6
755
769
-131
1,801
-12
-1
854
-56
-3
795
894
49
1,801
707
1,087
-314
O
>
-2
5?
I
«
a
03
%
S5
I*
Table FFO-5. - Budget Outlays by Function—Continued
(In millions of dollars)
F.Y* 197C
F.Y. 1977
Health
Outlaws........................... .
Proprietary receipts from the public,
Intrabudgetary transactions.........
Total............................. .
Income security
Outlays........................... .
Proprietary receipts from the public,
Intrabudgetary transactions........
Total..............................
Veterans benefits and services
Outlays............................
Proprietary receipts from the public,
Intrabudgetary transactions........
Total..............................
Administration of .justice
Outlays............................
Proprietary receipts from the public.
Intrabudgetary transaction.........
Total..............................
General government
Outlays............................
Proprietary receipts from the public,
Intrabudgetary transactions........
Total..............................
General purpose fiscal assistance
Outlays............................
Proprietary receipts from the public.
Intrabudgetary receipts............
Apr.
May
3,634
-3
-390
3 ,242r
3,717
-399
3,317
Aug.
3,800
3,583
-401
3,398
-468
3,115
3,968
-3
-496
3.469
3,550
*
-234
3,316
12,012
11,627
-564
11,448
-182
12,435
-*
-1,306
11,734
11,603
-143
11,590
-5
11,598
11,652
*
____ -9
11,643
11,445
11,129
-1
-1
Sept.
July
-1
Nov.
Ofct,
3,359
-3
Jan.
3,631
4,509
-2
-2
Feb.
3,157
-1
1,338
1,430
1,325
1,587
1,571
2,613
322
293
309
321
293
307
306
285
318
292
270
263
4
305
285
316
291
269
267
591
-26
-240
199
9
-9
328
-18
37
7,431
-25
-7,080
"324“
55T
347
326
44
129
-55
-9
-6,855
65
2,274
47
45
Interest
Outlays............................
Proprietary receipts from the public,
Intrabudgetary transactions........
Total..............................
Undistributed offsetting receipts.....
2,782
-28
___ -3
2.751
-475
2,791
-97
-5
Net Budget outlays.................
35,363
33,592
6,159
-36
-215
5,908
2,690
-609
-
2,257
2,765
-27
-244
44
2,880
-31
-5
4,211
32,881
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: The Export-Inrport Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made to
include totals for the period it was outside the Budget (August 17, 1971
through September 30, 1976). Also, adjustments are made to reflect
certain Export-Inrport Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
33,630
34,720
- 1 ,88^
-3,998
13,109
11,551
83,416
79,958
2,720
-58
611
11,518
-44
-302
11,387
-289
1,573
-44
1,225
-3,327
83,957
-112
727
-40
1,625
-1,664
11,663
12,912
1,684
Total..............................
13,662
-552
12,105
686
2,257
22,274
85,300
12,635
2,646
47
25,858
11,476
1,616
-45
-*
3,373
3,589
-253
12,073
1,625
-37
3,777r
3,895
12,326
1,360
-35
-*
530
3,634
-34
1.470
-40
-20
-22
-3,998
12,946
1,377
-39
-*
5
-25
112r
-4,724
-2
-1
1,272
-46
-*
132r
-519
12,959
_*
-853
1,662
-36
_*
-1
4,098
12,713
-*
-78
11,479
-?gj
3,554
1,724
-40
-2
5,127
-14
-1,218
.
3,355
-476
2,680
283
-1
224
-28
-14
l82~
9,129
2,797
-35
-40
2,722
2,936
-973
-524
35,097
38,790
-33
-2
-10
-1
567
11,215
11,097
327
292
-1
2,166
2,166
-1
340
>
326
290
34-0
2,160
2,161
CO
-6
154
-7
-16
2,134
-103
-127
1,939
-109
-22
320
166
355
374
131
1,904
1,649
37
2,320
51
43
2,050
13,901
-6,855
_____37
6,590
-107
-247
36,864
37,646
416
*
3,068
-44
-396
3,399
-35
-11
33,787
8,632
-
-30
1,666
2,050
7,046
6,937
3,355
-52
22,736
-11
-8
25,608
-313
-1,027
3,353
-677
36,918
-181
3,128
-26
51
2,317
“
46',CX34
t"1
HH
o
-19
249
M
d
2,662
-22
6,23$
"-4,06^
-
-1
26,282
393
-16
1 ,0 2 1
2,908
-12
167
24
-25
366
3,132
-26
-348
2,758
30,594
00
1,529
-3
-22
-6
10
-32
-13
414
-24
-13
376
249
Apr.
4,174
*
-540
-1,017
2,613
VO
Comparable
period
Cumulative fiscal
to date
1977
1 / 2/
>
F
O
*
w
%
1-4
o
2
CO
-301
-
1 ,0 0 1
3,295
24,268
-703
-8,043
21,434
-7,286
35,724
259,733
231,969
negative outlays.
Due to Budget reclassifications and new functions, the
atonthly totals may not add to cumulative totals.
2/ Budget outlays are revised to reflect Earned Income Credit payments in
excess of an individual’
s tax liability, formerly treated as outlays,
and now classified as income tax refunds.
* Less than $500,000.
r Revised.
1/
vo
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS
____________________________
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
1978 (Est.).
1979 (Est.).
1977-Apr....
May___
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1978-Jan....
Feb....
Mar....
Apr....
Fiscal 1978
to date...,
Federal
Old-Age and
Survivors
Insurance
Trust Fund
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
-913
-1,645
-4,706
-3,158
841
1,693
-1,091
-1,252
1,732
-1,019
-2'247
-49
-698
Federal
Disability
Insurance
Trust
Fund
---77“
-345
244
2,211
-349
229
730
1,632
1,344
-29
-161
-181
100
1,342
1,263
934
792
391
-37
-1,227
-477
-
-334
-228
-2A0
-467
-335
-64
-1,289
I,*570
-1,504
723
-157
93
193
258
-3,492
-479
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
1978 (Est.)..........
1979 (Est.)..........
1977-Apr.............
May.............
June............
July............
Aug.............
Sept............
Oct.............
Nov............
Dec.............
1978-Jan*............
Feb.............
Mar.............
Apr.............
Fiscal 1978
to date...............
Airport
lighway
and
Airway
Crust Fund
Trust Fund
-
-
878
1,058
593
183
534
407
183
47
59
142
51
-50
-132
42
17
143
3360
41
42
379
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,127
940
591
221
222
531
148
-148
14
661
11
62
128
354
-337
85
176
-237
-307
1,059
-6
-221
-398
294
309
-1,056
151
891
66
312
1,348
46
-747
-5
National
Service
Life In
surance
Fund
5
10
53
40
-126
8
-1
7,321
7,606
379
1,045
-147
-4
206
-18
-330
-228
39
1,302
18
92
4
3
4
-1
-2
-1
2
-2
-2
-2
40
-348
-185
7,276
-432
-225
1,083
-57$
108
127
t 359
-172
-266
-409
23
448
89
-108
11
12
109
264
215
25
219
_
272
212
-27
42
214
2
-1
-27
-9
20
29
26
30
27
42
-1
-3
157
155
191
195
-32
-38
-18
-1
-2
-2
-2
1,006
-65
139
28
-22
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1979* Budget of the
U.S. Government, released January 23, 1978.
Note: Figures may not add due to rounding.
* Less than $500,000.
-782
19
179
-1,747
283
173
196
148
257
378
316
368
135
424
362
467
Other
488
5
9
15
-
1,428
1,144
1,165
-4,938
-2,373
104
1,073
3,600
8
7
-47
21
27
5,200
460
2,680
-744
-80
1,312
-8i7
-269
543
-772
-553
308
-5
-2
-691
528
-16
-904
3
Federal
Federal
Savings
Civil
Deposit
and Loan
Service
Insurance
Insurance
Commission Corpora Corpora
tion
tion
328
938
2
3
13
313
-3
-1
54
29
111
56
40
525
29
14
Unemploy
ment Trust
Fund
2
-2
1
1
40
-920
-11
-21
20
37
Labor Department
3
3
*
180
438
537
225
404
470
-128
855
353
-566
-13
43
-5
Other
20
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,428
86
83
62
272
178
190
31
-57
-50
14
345
-10
20
11
120
1,380
1,201
145
-79
-17
7
49
-15
Treasury
Department
130
134
271
-31
50
-10
6
242
Veterans
Administration
-
87
-5
14
_*
49
19
204
180
-94
Transportation
Department
Fiscal year
or month
Government National
Federal
Federal Mortgage Assn.
Insurance
Housing Partici
Adminis
Adminis pation
tration
Other
tration Sales
Fund
32
" W
-8
131
28
-369
128
197
-6
14
-202
-8
109
1
299
6
31
-4
1
63
I84
5
200
12
223
-8
118
261
12
29
28
27
2
2
190
-95
17
-3
138
-78
-274
-4
72
145
-7
-14
Federal
Federal
Supple
Hospital
mentary
Medical
Insurance
Trust Fund Insurance
Trust Fund
590
693
377
-146
1,338
3,642
1,897
1,181
67
-36
1,121
Housing and Urban Development Department
Postal
Service
_
_
1,370
-280
-292
-90
125
599
Railroad
Retire
ment
Board
59
268
-9
-110
24
-60
-290
-246
All
other
Total
-204
237
-145
26
67
8,522
10,062
^417
110
165
2,030
-160
-660
-171
-1,682
145
-pm
129
-84
242
10,445
558
3,930
1,767
230
-378
312
18
-191
-499
147
-304
-28
1,131
29
79
-173
22
-162
-98
-777
1,572
-14
195
-282
16
-175
-235
-4
36
-7
84
168
-189
-18
24
89
13
15
84
25
8,420
11,821
14,813
7,031
4,341
20
-226
98
-146
-422
-12
-77
-64
-70
36
995
15,086
-
2,460
3,114
3,629
-3,296
1,685
961
43
-29
4
-3,370
2,721
83
-1,912
2
-891
Table FFO-7. - Trust Funds Transactions October 1, 1977 through April 30, 1978
(In millions of dollars)
Receipts
Classification
Total in
trust
funds
Outlays
Unified
budget
Trust
interfund Receipts Interfund receipts
attrib
and pro of trust trans
utable
prietary funds
actions to trust
receipts
2/
funds
y
(1 )
Federal Old-Age and Survivors
42,183
6,719
10,263
Tnterfund transactions
Propri
etary
receipts
from the
public
(6 )
(7)
45,645
7,218
10,090
_
*
-
-
45,645
7,218
10,090
4,041
6,293
3,864
_
-
12
-230
Outlays
of trust
funds
Federal
payments
and con
tribu
tions
Federal
employer
contri
butions
*
-
-
(3)
(5)
(4)
42,183
6,719
10,263
2,292
354
1,377
39,891
6,365
8,885
5,362
3,978
1,384
4,041
.
5,334
3,475
1,858
6,300
6
.
-230
_
-
(8 )
(10 )
(11 )
Other
(12 )
(13)
(14)
1,168
_
2,292
139
402
-
354
1,377
115
1,615
_
1,801
48
_
_
_
_
-113
_
-
-
462
*
-
102
315
“
113
141
(9)
611
130
860
Feder&l Supplementary Medical
Insurance........................
Federal Employees Retirement......
Federal Employees Life and
5,362
5,340
6
Federal Deposit Insurance
Corporation......................
828
General Revenue Sharing...........
6,855
4,188
4,866
_
4,866
1,378
6,002
Veterans Life Insurance...........
Total...,.......................
-
..
_
-113
828
6,855
4,188
_
102
462
-
725
6,855
315
-
3,873
-
1,378
363
989
1*015
5,013
6,002
5,117
3,203
4,820
2,279
7,259
_
_
_
-
-
5,117
"
3,203
-46
2,279
7,259
62
4,866
Unified
budget
outlays
attrib
utable
to
trust
funds
Total
V
1/
(2 )
Interest
and pro
fits on
invest
ments in
Federal
securities
250
513
85
116
Excess of
receipts
or outlays
(-)
(15)
(16)
43,353
6,864
8,713
-3,462
-499
173
3,978
63
1,321
3,475
2,818
-959
-
-230
230
-
-
-
102
-113
360
5,117
848
363
989
6,270
113
365
1,738
985
46
-901
-1,257
33
277
-215
215
-
315
2,888
-46
1,916
559
282
277
277
-
344
-
282
-
-
244
357
216
140
110
30
341
-
216
124
31
-
5
75
110
14
16
94,899
5,371
89,528
13,633
75,895
96,775
6
5,365
91,404
5,757
2,515
4,357
1,004
13,633
77,771
-1,876
Source:
Based on Monthly Treasury Statement of Receipts and Outlays of
the United States 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 fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The intragovernmental transactions
are payments from Federal funds to trust funds, and vice versa, but
exclude $116 million in trust fund payments 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*
Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
* Less than $500,000.
rFEDERAL FISCAL OPERATIONS
Total in
trust
funds
Trust
inter
fund
trans
actions
12
Treasury Bulletin
.FEDERAL OBLIGATIONS.
"Obligations” are the basis on w h i c h the use of funds
of categories which are based upon the nature of the trans
They are recorded
action without regard to its ultimate purpose. All payments
at the point at w hi ch the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services a nd are the first o f the four
sonnel compensation, whether the personal services are used
k e y events— order,
in current operations or in the construction of capital items.
is controlled in the Federal Government.
delivery,
payment,
consumption— w hic h
characterize the acquisition a nd use o f resources.
In gen
eral, they consist o f orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
another; in doing so, the "buying”agency records obligations,
bursement of money.
and the "performing" agency records reimbursements. In Table
FO-1 , obligations that sire incurred within the Government are
The obligations! stage of Government transactions is
strategic point
a
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 re p
resents
for business firms the Government commitment wh ich
stimulates business investment, including inventory purchases
an d employment o f labor.
Disbursements m a y not occur for
months after the Government places its order b u t the order
itself usually causes
immediate pressure on the
private
economy.
Obligations are classified according to a u ni form set
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President’
s
Commission on Budget Concepts.
June 1978
13
.federal
o b l ig a t io n s .
Table PO-L - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, January 31, 1978
__________________________________________(In millions of dollars)_____ _______________________________
Gross obligations incurred
Object class
Outside
Within
Total
Personal services and benefits
Personnel benefits....... ..........................................
Benefits for former personnel....... ................... ...........
19,077
488
3,456
Contractual services and sunnlies
Travel and transportation of persons..............................
Transportation of things........... ................................
Rent, communications, and utilities................................
Printing and reproduction................. .........................
Other services.... 1............. .............. ................ .
Supplies and materials.............................. .
636
602
1 417
*167
19 357
11,497
Equipment......................... .......... ......................
Lands and structures......... ....................... ..............
Investments and loans..................................... ........
7 7QA
2,104
10,617
Grants and fixed charges
Grants, subsidies, and contributions...............................
Insurance claims and indemnities...................................
Interest and dividends....... ......................................
Refunds............................................................
44,064
11,569
14,083
329
Other
Undistributed U.S. obligations.....................................
Obligations incurred abroad........................................
Unvouchered........................................................
-175
2,654
73
689
365
1
515
3,019 '
74 ,
Gross obligations incurred 2/........................................
149,811
25,402
175,212 •
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
19 077
2»158
3,456
CXXXXXXXXXxxxYYYYYVYYV
1,670
RA9
O
HZ
205
fxOL
1^7/
1 f J.J
1AQ
kco
2o f’
553
j IO
A* 0*1
4,251
15,749
1 f 272
3,376
xU,OJ*t
«07
j/
44,064
11,569
18,205
329
4,122
presentation and therefore may differ somewhat from the Budget I
document.)
Gross obligations incurred (as above)........
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts........................
Net obligations incurred...................
175,212
-34,364'
-22,659
118,189'
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, January 31, 1978
_______________ (In millions of dollars)____________
Major object class
Major function
National defense....................
International affairs...............
General science, space, and technology..
Natural resources, environment, and
energy..............................
Agriculture............................
Commerce and transportation............
Community and regional development.....
Education, manpower, and social services
Health................................
Income security......... ..............
Veterans benefits and services.........
Law enforcement and justice. ...........
General government.....................
General revenue sharing................
Interest...............................
Total.................................
*
Less than $500,000.
Personal
services
and
benefits
Contractual
services and
supplies
15,518
194
299
21,601
875
1,396
7,201
4
36
598
1,166
270
1,145
199
297
516
787
1,226
447
957
4,633
516
589
87
292
1,422
366
502
248
4
165
1 ,1 0 1
10
1
6,817
673
2,308
142
1,235
*
7
38
1
Acquisition of capital assets
Equipment
2
14
13
3
61
_____ 22_
Lands and
structures
Investments
and loans
1
86
172
29
5
31
1
48
1
40
65
53
13
17
.13L
7,794
Grants
and
fixed
charges
123
403
152
2,575
254
'47,616
2,230
, 1,969
1,388
1,831
3,211
1,742
9,793
11,623
15,743
4,890
602
256
5,156
71
-879
433
92
8,617
8,559
6,388
4,458
10,403
13,632
16,949
6,813
,13.133
70,045
1
-12
-16
31
1
1,212
1
■2,503
, 5,157
13 r305_.
149,811
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, January 31, 1978
(In millions of dollars)
Classification
Benefits
Personnel Personnel for
compen
benefits former
sation
personnel
1/
The Judiciary.......................
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
Agriculture Department:
Commodity Credit Corporation......
Commerce Department.................
.Acquisition of
capital assets
Contractual services and supplies
Personnel services & benefits
Travel and
trans
Transpor
portation tation of
of persons things
Grants and fixed charges
85
12
-
*
-
*
*
1
*
13
2
112
1
4
193
Sup
plies
and
mate
rials
12
*
23
40
8
-
•
*
*
*
2
1
*
1
*
*
3
1
*
*
*
41
20
74
7
777
16
-*
*
2
45
29
279
-
1
608
215
“
*
1
*
34
9
25
9
1
*
19
15
1
5
38
82
45
378
142
12
*
i8
17
47
2
4,455
4,283
25
1,105
3,971
287
138
*
521
-
8
1
4
2,972
.
2,985
193
93
68
13
*
367
135
190
126
23
*
473
166
203
132
214
*
715
2
9
4
4
_
999
2,711
3,307
54
*
7,071
97
168
110
37
_
412
-
1
3
*
*
32
36
1
1
40
27
*
69
*
*
*
19
1,477
2,946
1,963
1,883
*
8,269
301
3,935
31
10
12
195
372
532
1.
32
41
15
31
40
11,468
Rent, com
munications ,
and
utilities
Printing
Other
and
repro
ser
duction vices
Other
Invest
ments
and
loans
9
*
1
-
-
-
-
-
#
-
-
-
173
74
2
-
1
-
-
Grants,
subsidies
and con
tributions
Insurance
Interest
claims
and
Refunds
and indem dividends
nities
Lands
Equip and
struc
ment
tures
Undistrib
uted U.S.
obliga
tions
Obliga Untions in vouchcurred
ered
abroad
Total
gross
obliga
tions
incurred
*
1
-
.
• -
237
1
208
-
. 29
1
88
15
-
74
1,387
292
221
«
-965
130
12
_
9
3
_
_
37
5,037
10,233
686
_
8
_
1
-1
_*
_*
1,635
1
549
169
.
35
_
_
9
8
*
2,354
35
10,002
16,300
12,730
6,524
4? ,
45,602
*
*
_
_
256
_
-
.
-
#
-2
-
965
5,244
1,113
11
-
-27
-
-
14,052
-
-
Defense Department:
Military:
3,769
4,308
3,419
541
5
12,042
Department of the Navy..........
Department of the Air Force.....
Defense agencies................
Civil defense...................
Total military..................
Energy Department...................
Health, Education, and Welfare
Housing and Urban Development Dept:
Government National Mortgage
Association...................... .
Housing for the elderly or
1
!
'
Justice Department..................
State Department....................
Transportation Department...........
Treasury Department:
Interest'on the public debt.......
Interest on refunds, etc..........
General Services Administration....
National Aeronautics and Space
Administration-........ ............
Veterans Administration.............
Other independent agencies:
Export-Import Bank of U.S.........
Small Business Administration.....
Tennessee Valley Authority........
Total...........................
Off-budget Federal agencies 4/:
Rural Electrification Administration
revolving funds..................
Pension Benefit Guaranty
Corporation.....................
agencies......................
81
114
260
455
_
1,437
5.516
2,741
579
10
10,283 _
3
9
1
1
3
105
*
4
2
42
1
417
_
-
-
_
_
_9
_
_
239
167
-
1
*
863
-
10
26
-
-
-
-
-
-
11
-
-
-
39
_
-
7
-
_
_
57
*
6
*
*
«
55
1
*
*
147
23
230
841
109
2
27
-
-
-
-
119
-
15
-
"
25
1,550
424
363
121
103
675
_
33
*
*
292
*
51
19
17
7
13
26
3
2
1
7
7
30
18
10
9
60
1
*
-#
1
*
452
53
56
12
234
44
35
6
2
94
18
6
4
2
139
248
10
1
3
12
17
*
-
453
385
5,304
133
1,314
21
4
386
30
*
1
*
*
_*
*
-
*
-5
_
1
119
-
_
*
1
-
1,731
894
6,187
437
2,640
715
78
195
-
*
*
#
30
7
2
6
*
19
62
6
193
_
14
*
*
_
42
49
239
_
_
20
3
497
_
_
_
6
4
31
_
_
_
15
2
16
_
_
_
20
-
_
3
4,878
9,784
648
8
_
_
_
2,459
*
13,023
108
20
>
1
-
_
_
398
-
_
_
_
1
_
-
_
_
_
_
-
13,023
110
4,878
13,572
797
1,222
212
1,204
-
*
-
6
28
2
4
31
37
1
*
1,100
187
44
241
19
61
39
48
204
1
1,292
86
-
_
-
31
_
1,455
6,935
2
36
241
286
"
*
*
116
*
2
3
19
*
*
32
2
*
1
9
31
*
*
*
4
*
25
84
1,325
*
*
807
8
*
«
116
6
134
2
220
545
237
-•
27
1,845
87
*
-1
-
_
33
_
-
3,739
84
*
151
32
-
293
610
1,603
7,771
19,077
488
3,456
636
602
1,417
167
19,357
11,497
7,794
2,104
10 ,617
44,064
11,569
14,083
329
-175
2,654
73
149,311
3,752
-
19
10
352
134
-3
36
43
12
37
-
-
11
8
-
-
-
-
4,409
*
-
-
*
-
«
-
-
-
-
-
417
-
_
-
-
-
-
-
417
*
*
1
*
1
*
*
-
“
4
“
-
-
10
352
135
-3
37
43
12
37
-
15
8
-
-
3
3,755
-
-
“
19
Source:
Reports on Obligations, Standard Forms 225, from agencies.
Note:
Agency shifts are shown in this table beginning with the periods of such shifts. ' The amounts for the com
plete fiscal year are adjusted at that time.
\ / For purposes of this report: this object class is considered as totally within the Federal Government except
for the Department of Defense and Transporation Department, U.S. Coast Guard.
2/ Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
4/
*
-
417
*
*
3,512
-14
*
*
-
-
8
-
4,831
approved' Oct. 4, 1977Postal Service since July 1, 1973, Rural Electrification Administration revolving funds since May
12, 1973, and Pension Benefit Guaranty Corporation since Sept. 1?, 1974.
Less than $500,000.
ISi
Si
8a*
Table FO-4. - Oross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
(In million of dollars)
FY 1978
FY 1977
Object class
Jan.
Feb.
Mar.
Apr.
May
June
National defense:
Personal services and benefits:
Benefits for former personnel............
Contractual services and supplies:
Travel and transportation of persons......
Printing and reproduction................
Non-defense:
Personal services and benefits:
Contractual services and supplies:
Travel and transportation of persons....
Transportation of things...............
Printing and reproduction...........
Other services........ ..... ........ .
2,794
46
695
76
107
147
3
1,841
1,767
67
99
124
4
1,869
1,697
85
128
179
4
2,395
1,758
1,607
161
*
1,628
265
_*
1,472
710
-
1
8
Grants and fixed charges:
Grants, subsidies and contributions......
Insurance claims and indemnities........
Interest and dividends............
Other:
Undistributed U.S. obligations...........
Unvouchered............. .......... .
Total non-defense.......... ............
5
7
75
121
99
103
159
1,123
1,337
1,383
801
-
2,653
1,989
1,470
2,253
48
62
106
3
1,352
1,454
1,969
172
-
1,314
161
-
1,4-74
873
-
796
96
*
1
1
-1
10
1
1
6
2
2
2
6
88
3
562
*
143
-95
573
10
8
9,605
10,434
197
8
1,189
5
131
80
23
43
60
258
8
22
1,101
1,807
33
1,249
2
-15
452
173
84
292
148
200
754
119
151
132
111
2
240
2
23
145
10
2,886
2,128
2,173
-1,004
1
5
11
76
-2,437
-92
483
7
8
6,746
10,840
10,646
1,708
9
180
1,619
1,590
1,690
119
1,777
7
59
1,904
6
120
9
178
1,54-3
6
110
7,188
69
46
136
64
4-38
71
47
116
28
1,108
446
124
29
1,074
77
15
131
30
1,304
480
1,046
62
38
126
27
616
409
97
177
1,304
83
257
2,117
205
1,457
132
115
181
1,390
11,995
13,892
2,353
10,134
9,081
11,777
2,554
183
10,910
12,404
4,934
98
-149
54
7
28,798
-41
77
7
37,549
5,994
11,946
81
70
18
49
455
50
6
6
6
30,579
25,198
34,275
75
7
31,380
40,483
34,803
44,709
42,671
120
13,220
2,451
103
-618
34,555
45,439
3
46
3
1
10
1,454
2,004
40
-
3
10,883
21
1,220
70
139
141
4
3,981
1,982
2
-10
11,292
10
2,921
71
741
17
3
3
-74
1,347
9
9,007
13,154
2,506
170
79
6
5,378
393
7
8,751
1,037
2,406
666
87
3
1,587
1,561
-2
462
8
1
634
9
9,904
7
90
99
156
6
15
-5
3
428
Acquisition of capital assets:
Equipment............................ .
Lands and structures...............
2
1,817
117
698
3,018
143
701
2
1
3
3
3,618
163
751
2,505
131
705
2,832
127
2
2,949
220
2,698
6
746
750
105
64
95
168
9
116
127
6
1,945
2,186
2,030
2,215
10,088
7,076
7,201
6,886
36
70
37
48
10
8
27
183
614
13,447
183
2,357
35
47,616
2,198
32
42,554
1,931
7
141
6,999
33
472
6,608
29
637
269
127
266
2
72
24
125
30
1,352
707
97
67
156
56
2,129
126
64
50
151
33
1,600
120
179
868
2,899
294
911
5,750
16,304
8,373
11,418
2,616
162
66
l,677r
11
110
63r
20
10
77
598
36
I44r
3 8
r
1,083
546
133r
43
l,100r
841
270
34
3,846
437
147
7,629
3,205
438
1,716
105
315
1,823
18Qr
167
3,80Qr
209
586
3,277
594
1,506
10,617
36,780
12,885
2,512
207
9,840
2,879
2,623
69
13,277r
3,812r
7,092r
65
11,697
44,028
2,906r
2,852
88
1,902
11,499
14,074
322
538
155
-675
216
161
8
1,382
100
49
9
35,736
10
10
8
30,512
42,482
- 41,352
70,619
81,266
22,976
35,615
12
8,292
1
2
1,760
7
48
121
20
11,728
14
7
1,631
9
173
-30
1
3,772
1,909
8
2
2
6
2,492
25
294
437
608
14
12,640
12,282
367
475
718
621
8
-1
597
129
125
281
9,213r
37
42
9
21,118r
32,071r
21
1,508
99
698
775
*
12
1
129
653
130
4,529
2,846
525
1,033
4,848
32,092
49,677
12,648
430
102
9
-358
297
38
31,897r
26,208
102,196
36
117,891
42,473r
39,652
149,811
160,445
-610
104
12
55
00
2,637
4
3
580
9
10,577
8
10,766
1,729
254
-1
1
12,078
455
2,985
1,724
204
*•
681
9
10,951
207
3,510
158
747
100
1
1,744
VO
Comparable
Comulative Period
FY 1977
to date
Jan.
538
236
OBLIGATIONS,
Other:
Undistributed U.S. obligations............
Obligations incurred abroad..............
Unvouchered...............................
2,583
151
657
Dec.
Nov.
Oct.
JPEDERAL
Supplies and materials..... ..............
Acquisition of capital assets:
Equipment................................
Lands and structures.....................
Investments and loans...... ............ .
Grants and fixed charges:
Grants, subsidies, and contributions......
Insurance, claims and indemnities.........
2,730
147
658
Sept.
Aug.
July
Treasury Bulletin
16
.ACCOUNT OF THE U.S. TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury’
s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
The tax and loan account system permits the Treasury to
loan accounts with thousands of commercial banks throughout
leave funds in banks and in the communities in which they arise
the country. .
until such time as the Treasury needs the funds for its opera
Deposits to tax and loan accounts occur in the normal
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
In this way the Treasury is able to neutralize the
ments and funds for the purchase of Government securities.
economy.
A detailed description of the Treasury’
s depositary system
In most cases the transaction involves merely the transfer of
money from a customer’
s account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury operating balance 1/
Funds in process
of collection
through:
Time deposits
and other
interestbearing
demand
accounts
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
197 7
Available funds in
demand accounts at:
Special
Federal depositaries, Other
Reserve Treasury tax deposi
banks
and loan
taries 2/
accounts
1,258
4,525
1,005
6,929
7,372
1,274
139
2,344
7,634
4,038
106
8,433
6,152
88
2,919
1,475
5,773
343
11,975
7
2,854
13,299
4,119
15,740
3,364
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
393
355
419
252
243
276
369
235
184
147
179
117
135
76
55
-18
31
218
187
54
41
19
35
70
195
175
1977-May.
June
5,836
15,183
1,156
1,072
6,992
16,255
153
259
-46
125
-10
130
July
Aug.
Sept,
Oct.
Nov..
Dec..
197*-Je®..
Feb..
Mar..
Apr..
May..
8,789
6,115
15,740
6.398
2,562
7,114
11,228
3,615
4,705
7,177
2.398
1,365
948
10,154
7,063
19,104
7,687
5,471
12,274
167
162
147
179
-38
162
328
-4
-1
72
30
End of
fiscal year
or month
1,289
2,909
"5 ,1 6 0
1,253
3,776
1,702
2,104
1,328
Total
1/
12,481
7,391
6,407
9,281
3,726
Federal
Reserve
banks
Other
deposi
taries i j
185
307
194
180
595
395
Source:
Bureau of Government Financial Operations.
1/ Effective January 1972, 1jhe Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2/ Will not agree with Daily Treasury Statement due to rounding.
i j Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
"miscellaneous items" columns.
Other
demand
accounts
5/
2
202
175
168
135
*
100
100
98
26
113
1
102
102
Gold
balance
6/
Balance in
account of
the U.S.
Treasury
112
111
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
20,531
553
277
441
471
586
602
752
819
818
717
104
135
135
716
721
-4
-3
8,072
17,487
100
710
727
717
694
676
-1
11,254
8,209
20,531
8,697
6,572
13,185
13,581
8,'331
7,335
158
31
Coin
Miscel
currency
laneous
and coinage items
metal
355
55
355
-30
-30
-30
-30
-35
-35
-35
-35
658
651
652
657
121
108
129
70
54
46
50
-2
3
-1
-5
-1
1
-1
109
107
107
106
10,698
4,804
J5/ Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ The free gold balance can be readily converted to available funds with
'Federal Reserve banks.
* Less than $500,000.
June 1978
17
a
rrnr
t n t
OF THE U.S. TREASURY
■ ■
Table UST-2. - Elements of Changes in Federal Reserve and Tax and Loan Account Balances
___________________________________
(In millions of dollars)
Credits and withdrawals
Fiscal year
or month
Federal Reserve accounts 1/
Credits 2/
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
T.Q......................
1977.....................
1976-Mar.................
1977-May.................
June................
July................
Aug.................
Sept................
Oct.................
Nov....................
Dec ....................
1978-Jan.................
Feb....................
Mar ....................
Apr.................
May.................
Tax and loan accounts
Proceeds from sales of securitiesy
Withdrawals 2/
-
Marketable
issues
722,427
208,434
872,627
71,759
87,263
73,659
77,164
71,338
87,530
89,045
90,580
73,050
78,951
86,440
86,573
95,359
Total
credits
2,678
2,603
2,578
2,849
3,314
3,270
3,104
3,>366
3,676
910
3,908
361
345
313
90,791
123,906
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
271,033
22,600
20,928
32,687
_
_
-
804,282
810,481
209,758
875,071
68,537
79,473
83,004
57,888
73,727
82,727
62,974
72,685
75,460
Taxes 6/
19,114
15,825
16,683
19,375
155,812
10,571
9,072
2,897
-
-
725,280
Nonmarketable
issues %/
64,282
76,401
73,102
72,316
76,521
70,908
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
22,239
20,583
32,374
19,571
19,926
25,867
19,210
19,064
27,144
320
348
294
284
293
289
382
19,494
19,357
27,433
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
5,8,105
271,787
23,410
23,914
32,768
19,598
20,691
23,745
21,569
17,737
25,182
21,207
21,129
29,222
29,301
24,082
25,114
18,606
31,296
28,899
24,858
19,891
20,274
26,161
20,825
20,778
28,855
28,955
23,715
351
367
344
367
-
Withdrawals
(transfers to
Federal Reserve
accounts)
Balances
Fiscal year
or month
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
T.Q......................
1977.....................
1976-Mar, ...............
1977-May.................
June................
July................
Aug.................
Sept................
Oct.................
Nov.................
1978-Jan.................
Feb.................
Mar..... .
Apr............. .
May.................
End of period
Federal
Reserve
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
7,144
5,838
15,183
8,789
6,115
15,740
6,398
2,562
7,114
11,228
3,615
4,705
7,177
2,398
Tax and
loan
Federal
Reserve
Tax and
loan
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
2,197
1,586
1,916
1,987
3,392
5,017
4,361
9,766
11,972
13,296
16,115
9,820
14,475
16,115
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,456
6,286
868
1,153
1,072
1,365
948
3,364
1,289
2,909
5,160
1,253
3,776
1,702
2,104
1,328
12,851
8,895
15,740
15,740
6,171
9,963
11,228
10,412
'7,380
8,729
11,271
Source: Bureau of Government Financial Operations; figures are on basis
of telegraphic reports.
Figures are from the revised Daily Treasury Statement, effective
July 1, 1974. Prior data not available.
2/ Represents transfers from Tax and Loan Accounts, proceeds from sales
of securities other than Government Account Series, and taxes.
2/ Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account
Series, etc.
4/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of U.S. Government secu
rities purchased by them for their own account, or for the account
of their customers who enter subscriptions through them, when this
method of payment is permitted under the terms of the circulars
inviting subscriptions to the issues.
1/
During period
Low
High
3,233
4,771
5,463
2,496
2,803
5,714
3,364
2,909
5,542
5,160
3,776
5*344
5,941
3,147
5/
Federal
Reserve
9
7
7
7
397
2
2
*
*
2,854
1,204
4,885
5,838
1,204
5,874
3,921
3,116
4,056
1,199
1,881
4,833
3,407
1,553
2,595
2,398
Average
Tax and
loan
Federal
Reserve
1,029
709
894
954
706
1,077
973
1,894
2,342
846
1,737
800
520
7
67
287
118
457
519
234
381
250
118
380
66
116
343
284
248
61
525
2,102
2,786
5,105
7,824
8,035
7,653
10,996
7,057
8,843
6,025
6,956
6,627
2,399
5,640
7,519
5,707
4,706
5,001
6,516
Tax and
loan
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,410
1,311
1,727
1,234
1,351
2,147
1,519
1,169
2,a9
1,562
1,382
1,712
1,737
1,476
Includes United States savings bonds, savings notes, retirement plan
and tax and loss bonds. United States savings notes first offered
for sale as of May 1, 1967 and were discontinued after June 30, 1970.
Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bands first issued in March 1968.
6/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal In
surance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax' Act beginning July 1951; a nuntoer of excise
taxes beginning July 1953; estimated corporation income taxes
beginning April 1967; all corporation income taxes due an or after
March 15, 1968 and FUTA taxes beginning April 1970.
* Less than $500,000.
18
Treasury Bulletin
ACCOUNT OF THE US. TREASURY
Table UST-3. - Gold Assets and Liabilities o f the Treasury
(in millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities £/
Ounces
196 7
.
196 8
196
197
197
197
197
197
197
197
9
.
0
.
1
.
2
.
3
.
4
.
5
.
6
1977-May.,
June,
July,
Aug.,
Sept,
Oct.,
Nov.,
Dec.,
1978-Jan..
Feb..
Mar..
Apr,.
11,982
10.367
10.367
10,732
342.331.278.6
296.199.012.3
296.202.494.6
306.630.399.9
289.490.759.6
273.950.419.3
273,954,660.5
275.968.413.1
274.705.260.3
274,67^,167.8"
275.430.016.9
275.220.009.8
11,599
11,598
11,629
11,620
11,652
11,599
T1T59'S
11,629
11,620
274.625.554.2
274.625.554.2
274.625.047.2
274.625.047.2
274.625.047.4
277.544.111.9
277.543.238.4
277.543.238.4
27?, 543,238.4
277.543.238.4
277.542.591.4
11.595
11.595
11.595
11.595
11.595
11,719
11.718
11.718
11.718
.11,718
11.718
11.595
11.595
11.595
11.595
11.595
li; 719
11.718
11.718
11.718
11;718
11.718
10,132
10,410 2/
11,567 2/
11,652
Source: Daily Treasury Statement through June 1974; Bureau of Government
Financial Operations thereafter.
1/ Treasury gold stock which excludes gold held by the Exchange Stabili
zation Fund (ESP). 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 Intemational Monetary Fund from Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968,when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18.
2/
11,870
10.256
10.256
10,623
10,019
10,303
11,460
Balance of gold in
U.S. Treasury account
112
111
112
109
113
107
107
1968, and gold reserve against U.S. notes until March 18, 1968,when
it was transferred to the public debt also pursuant to P.L* 90-269.
Gold assets were valued at! $35 per fine troy ounce until May 8 , 1972,
when they were revalued at $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 un
til October 18, 1973, when they were revalued at $42.£2 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
June 1978
19
_________ MONETARY STATISTICS_______
Table MS-1. - Currency and Coin in Circulation
(In mlllioas of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
1977-Apr.........................
June........................
July........................
Aug..........................
Dec.........................
1978-Jan.........................
Feb..........................
Mar...]......................
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Gold
certifi
cates .
Silver
certifi
cates
Federal
Reserve
notes J/
Treasury
notes of
57
55
54
53
52
51
50
50
49
49
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
3
3
3
3
223
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
49
49
49
49
49
49
49
49
49
20
20
20
49
49
49
49
Dollars
633
705
765
816
941
951
999
983
985
988
992
998
999
1,005
1,010
1978-Jan............................
Feb............................
Mar........... ........ .......
2L
1,013
1,015
1,019
1,024
1,030
218
215
213
212
211
210
1890
3
209
208
209
208
208
208
208
208
208
208
208
1
1
1
20
20
20
20
20
20
3
3
3
3
3
3
3
3
3
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
20
20
20
20
3
3
3
3
208
208
208
208
1
1
1
1
*
*
*
*
Fractional
coin
Total
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,244
9,348
9,876
$,B77
9,615
9,683
9,739
9,786
9,856
9,876
9,931
8,632
8,698
8,750
8,794
8,858
8,877
8,926
9,006
9,058
10,016
10,071
10,060
10,084
10,137
10,192
9,045
9,065
9,113
9,162
Source:
Statement of Iftiited States Currency and Coin.
Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve ‘
banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
J j Issued on and after July 1, 1929.
2/
220
Coin
482
482
482
Oct............................
Currencies Presently
being issued 1/
6/
2/
*
United
States
notes
Federal
Reserve
notes i j
Total
currencies
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
87,349
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
87,947
316
83,745
85,324
86,315
86,663
87,488
87,349
88,372
91,243
93,143
316
90,162
84,345
85,924
86,914
87,262
88,087
87,947
88,969
91,840
93,740
90,758
91,285
92,255
92,922
294
297
321
320
320
321
322
322
317
319
319
318
318
318
317
317
317
316
315
315
90,690
91,660
92,327
Total Currency
and Coin in
circula
tion 2/
Currency and Coin in
circulation
per capita
(in dollars) 6/
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877
89,548
97,823
250.65
265.39
282.03
297.84
93,960
95,606
96,652
97,048
97,943
97,823
98,900
101,856
103,811 2/
100,8l9r
101,369
102,392
103,114
322.11
348.44
380.06
413.17
415.37
450.08
433.94r
441.30
445.78
447.26
451.01
450.12
454.76
468.06
476.74
462.57
465.12
469.50r
472.55
Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population.
Highest amount to date.
Less than $500,000.
r Revised.
Treasury Bulletin
20
FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
____________ (In millions of dollars)______________
Securities held by:
Amount outstanding
End of
fiscal year
or month
Government accounts
Total 1/
Public
debt
securi
ties 1/
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......
197 7
1977-Mar..
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709.138
680,141
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698.840
669,207
1977-Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
681,905
682,965
685,249
684,592
695,485
709.138
707,693
718,232
729,164
671,023
672,109
674,425
673,864
685,174
698.840
697,403
707,972
718,943
10,883
10,856
10,824
10,728
10,312
10,298
10,290
10,260
10,221
147,316
151,246
153,013
150,553
153,666
157.295
153,999
155,684
156,645
1978-Jan..
Feb..
Mar..
Apr..
731,821
739,650
747,844
746,431
721,595
729,753
737,951
736,589
10,226
9,898
9,893
9,842
153,275
155,996
154,534
155,383
Agency
securi
ties
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,394
Total
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157.295
146,758
Agency
securi
ties
84,815
95,170
2,846
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155.490
2,553
2,251
2,100
1,996
1,988
1,942
1,955
279,483
284,880
304,328
323,770
343,045
346,053
396,-906
479.819
i$5
fi'M
Public
debts
securi
ties
Agency
securi
ties
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
543.350
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,998
9,730
8.493
9,124
144,949
1.809
533,383
524,258
145,503
149,435
151,204
1,812
1,811
1.809
1,808
1,807
1,805
1,804
1.796
1.796
534,590
531,719
532,237
525,519
522,674
523,221
534,039
541.819
551,843
553,694
562,548
572,519
525,119
533,314
543.350
545,207
554,084
5$4,094
9,071
9,045
9,015
8,920
8,505
8.493
8,487
8,464
8,425
1,795
1,814
1,816
1,820
578,546
583,654
593,310
591,048
570,116
575,570
58J,233
583,026
8,430
8,084
8,077
8,022
148,744
151,860
155.490
152,195
153,888
154,849
151,480
154,182
152,7i8
153,563
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
Table FD-2.
The public £/
Public
debt
securi
ties
Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
End of
fiscal year
or month
196 9
.
197 0
.
197 1
.
197 2
.
197 3
.
197 4
197 5
.
197 6
T.Q..... .
197 7
.
1977-Mar.
1977-May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1978-Jan..
Feb..
Mar..
Apr..
May..
Computed annual interest rate
Total
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697.629
668,216
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
44.481
a , 829
670,958
673,389
671,386
41,990
42,313
42,329
43,348
44.481
44,813
45,892
46,722
47,458
48,413
49,259
49,177
50,029
684,081
697.629
696,301
706,973
715,227
720,563
728,474
736^929
733,074
740,579
Total
interestbearing
public
debt 1 /
Marketable issues
2/
6.308
5.232
5.986
5.210
5.099
6.129
7.030
6.533
6.559
6.591
6.481
6.322
6.305
6.330
6.352
6.384
6.312
6.354
6.388
6.425
4.891
5.557
5.141
5.093
5.872
6.560
6.352
6.436
6.478
6.424
lis t
6.544
6.587
6.643
6.735
6.775
6.799
6.848
Treasury Bills
Total
6.508
7.340
4.516
4.188
6.591
8.416
6.253
5.819
5.784
5.656
5.167
5.141
5.234
5.324
5.458
5.656
5.908
6.481
6.572
6.649
6.714
6.791
6.920
6.975
7.008
7.Q73
Source:
Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
end of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding an that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual rate is computed
by dividing the computed annual interest charge for the total, or for
any group of issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based an
6.098
6.302
6.481
6.620
6.744
6.808
6.990
1/
2/
3/
J2/
Nbtes
5.668
6.420
6.519
6.312
6.412
6.529
7.058
7.352
7.356
7.066
7.196
Treasury
bands
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
6.120
5.935
Other I j
Government
account
series £/
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
5.603
5.581
4.555
5.235
5.375
5.475
5.880
6.430
6 .614
6.789
6.871
6.921
6.856
7.150
7.142
6.020
5.573
5.586
6.865
6.852
7.139
7.092,
7.066
7.065
7.068
7.067
7.082'
6.071
6.117
5.580
5.587
5.603
5.609
5.612
5.619
5.635
5.636
5.655
5.662
5.662
6.870
6.899
6.921
6.937
6.973
6.984
7.018
7.059
7.076
7.107
7.133
7.222
7.245
7.258
7.281
6.025
6.120
6.123
6.185
6!188
6.245
6.327
6.330
6.332
6.433
the rate of effective yield far issue sold at prendun or discount.
Prior to that date it was based an the coupon rate far all issue*.
As of July 19/4, includes Federal Financing Bank.
Excludes Federal Financing Bank.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On ttoited States savings bands the rate to maturity is applied
against the amount outstanding.
As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.,
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts pre
viously shown as special issues.
June 1978
21
.FEDERAL DEBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Nonmarketable
End of
fiscal year
or month
19597!
1970..
1971..
1972..
1973..
1974..
1975..
1976..
T.Q..,
1977..
1977-Mar..
1577-May.,
Ally.,
Aug..,
Oct.
Nov.
Dec.
1978-Jan.,
Feb.,
Mar.,
Apr.,
May..
Source:
Total
interestbearing
public
debt
Bills
1/
Total
Treasury
notes
Treasury
bonds
Total
U.S.
savings
bonds
Invest
ment
series
Depos
itary
series
“2§”
25
23
Foreign government
series
bollar
Foreign
currency
denomi
nated 2/ denomi
nated 2/
2,367
1,703
1,366
3,389
7,606
1,664
2,072
16,913
26,781
1,743
1.599
23,412
21.617
1.599
19,901
1.599
19,215
1.599
20.510
1.289
1,461
20.617
1517725“
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697.629
668,216
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443.508
435,379
"'6 8356. 78,946
93,489
76,154
86,677 104,807
94,648
113.419
100,061 117,840
105,019 128.419
128,569 150,257
161,198
191,758
161,505
206,319
156.091 241.692
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45.724
125,S23”
136,426
150,816
1(58,158
193,382
206,663
216,516
226,673
225,897
2.54.121
51,711
53,003
55.921
59,418
61.921
65,482
69,733
70,752
75,411
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2.247
164,264
670,958
673,389
671,386
684,081
697.629
696,301
706,973
715,227
431,447
431,149
430,248
438,146
443.508
447,435
454,862
459,927
157,931
155,064
154,227
154,283
156.091
156,174
156,656
161,081
229,625
230,230
232,885
231,371
238,084
241.692
245,587
251,104
251,800
41,490
43,286
43,200
44,650
45,778
45.724
45,674
47,102
47,045
232,837
239,511
242,240
73,037
73,908
74,282
2.248
2,248
20,423
20,357
1,408
241,138
245,935
254.121
248,866
252,111
255,300
74.803
75,059
75,4H
75,816
76,224
76,602
2.247
2.247
2.247
2.247
20,197
20,055
20.510
19,861
20,455
21,018
1,348
1,315
1.289
1,262
720,563
728,474
736,929
733,074
740,579
466,780
470,766
478,252
472,193
473,684
161,221
161,817
165,652
159,640
159,391
257,077
258,472
262.179
48,483
50,477
50,420
50,373
52,681
253,783
257,707
258,677
260,881
266,895
76,987
77,415
77.804
78,220
78,645
262.180
261,612
Monthly Statement of the Public Debt of the United States.
%/ As of July 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, Treasury bonds beginning September 1964, and Treasury
bills beginning March 1975, sold to foreign government for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bands from October 1962-April 1967; and
51,281
22
19
16
16
9
9
7
2.248
2,246
2,246
2.246
2.246
2,246
Other
u
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
564
1,656
3.389
1,322
1,407
2,002
1,361
2,611
3,419
14.543
7,272
128,640
140.113
128,192
8,487
9,217
10,087
133,029
134,754
132,447
136,329
140.113
136,890
138,580
139,774
136,364
139,422
137,956
138,833
144,394
1,375
1,210
1,169
1,128
1,087
1,035
995
943
21,659
21,510
22,614
22,438
21,476
2,246
2,246
Govern
ment
account
series
10,921
14.543
12,785
13.389
14,483
15.390
16,019
17,013
18,141
19,182
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
As of the July 31, 1974, Monthly Statement of the Public Debt, of the
U.S. the column heading was changed to "Government account series11
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
End of
fiscal year
or month
Amount
outstanding
privately
held
1977-Apr..................
May..................
June.................
July.................
Aug................
Sept.................
Oct..................
Nov..................
1978-Jan..................
Feb..................
Mar..................
Within
1 year
5-10
years
1-5
years
164,862
210,382
279,782
294,595
326,674
74,803
79,509
.84,041
87,150
115,677
151,723
153,302
161,329
50,182
57*035
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113,319
276,434
154,258
86,214
156,008
157^910
161,863
165,978
167,869
1976-Mar..................
Maturity classes
m
318,699
318,619
313,485
316,177
325,001
326,674
338,290
343,870
343,019
161,932
161,329
167,699
169,552
171,376
355,374
358,320
362,693
355,'l44
177,642
175,195
178,474
170,272
162,419
162/211
157,353
160,332
V
1 0 -2 0
years
m
14,503
16,033
16,385
34,197
15,385
24,169
31,247
33,067
21,538
6,357
6,358
8,741
9,930
8,857
8,087
7,939
113,319
115,744
121,346
118,975
123,692
130,715
33,469
32,658
32,442
32,521
33,260
33,067
35,913
32,858
32,729
32,712
29,853
M
!m
106,929
106,823
'107,000
105,255
110,681
1
Source!
Office of Government Financing in the Office qf the Secretary.
2/ Beginning with the September 1976 Treasury Bulletin the average length
20 years
7,645
6,922
8,428
4,564
3,481
4,611
6,652
7,262
10,531
8,350
6,074
7,172
7,180
7,092
8,709
9,746
9,598
9,628
10,616
10^531
10,529
9
11,646
8,440
8,51.2
8,428
8,406
8,364
8,293
9,733
9,719
Average length 1/
and over
11,595
12,838
2 mos.
yrs.
8 mos.
yrs.
6 mos.
yrs.
yrs.» 3 mos.
1 mos.
yrs.
2 yrs.
11 mos.
8 mos.
2 yrs.
7 mos.
2 yrs.
2 yrs.
9 mos.
2 yrs.
11 mos.
2 yrs.
5 mos.
4
3
3
3
3
2 yrs.
2 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
yrs.
§yrs.
9 mos.
11 mos.
10 mos.
10
0
11
1©
0
11
11
0
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
of the interest-bearing marketable public debt is computed on that
part of the outstanding public debt privately held.
22
Treasury Bulletin
-
•
Pir.nRBAT,
t w r t
1
■
-
Table FD-5. - Government Account Series
(In millions of dollars)
End of
fiscal year
or month
1971.............
1973.............
1975.............
Total
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
July.........
Aug..........
Sept.........
Oct..........
Nov........ .
Dec..........
L978-Jan.......... .
F « t w „ ____ ....
Apr.......... .
May...........
End of
fiscal year
or month
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
1977.............
1977-Mar.........
1977-May..........
June..........
July.........
Aug..........
Sept.........
Oct..........
Dec..........
978-Jan..........
Feb..........
Mar.
May..........
_
-
140,113
128,192
878
1,936
2,529
2,712
3,246
3,129
133,029
134,754
132,447
136,329
140,113
136,890
138,580
139,774
136,364
139,422
137,956
138,833
144,394
3,235
3,377
3,428
3,378
3,246
3,288
3,306
3,449
3,482
3,542
3,583
3,625
3,681
128,640
1977-May.......... ..
June.........
Airport and Exchange
Stabilization
Airway
trust fund Fund
Federal Supp, Federal Sav
medical ins. ings and Loan
Insurance
trust fund
Corporation
358
13
257
478
700
531
1,378
1,230
1,244
2,232
2,006
2,079
2,207
2,293
2,469
2,232
1,925
2,984
3,226
3,291
3,495
3,675
3,581
3,680
-
1,242
1,424
2,934
2,364
1,451
1,512
1,529
2,050
1,978
2,059
2,048
2,022
2,049
2,050
2,047
2,026
2,077
2,063
2,047
2,022
1,991
1,861
Government
life insur
ance fund
73
80
89
139
842
81
690
129
907
1,593
1,885
2,535
2,201
2,201
2,225
2,247
2,521
2,535
2,549
2,633
2,658
2,678
2,879
2,890
2,903
2,880
797
758
717
651
604
569
560
526
547
526
537
534
529
526
523
519
528
524
519
513
509
501
Federal
Deposit
Insurance
Corporation
120
74
156
274
263
436
1,367
2,692
3,429
4,829
4,171
4,327
4,331
4,350
4,825
4,829
4,251
4,359
4,486
4,509
4,993
5,082
4,975
5,109
Highway
trust fund
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
10,079
9,380
9,643
9,914
10,104
10,135
10,079
10,029
10,042
10,387
10,544
10,700
10,890
11,085
11,173
Source:
Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1974 title of this table was "Special Public Debt
Issues".
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen*s group life insurance fund from August 1969-January 1973;
employees health benefits fund beginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
. and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court Judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
Federal
employees
retirement
funds
Federal
disability Federal
Federal Home
insurance Energy
trust fund Administration Loan Banks
35,525
40,383
39,607
46,631
39,342
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
4,910
38,702
39,956
4,720
4,728
39,613
39,344
46,631
46,241
45,952
47,048
46,663
46,399
4,394
4,181
3,941
3,474
3,139
3,075
2,918
3,013
3,206
3,464
3,438
17,354
18,931
21,644
24,691
27,894
31,201
46,060
45,645
45,394
National
service life
insurance
fund
5,754
5,915
6,068
6,155
6,427
6,605
6,716
6,931
6,956
7,250
7,190
7,039
7,245
7,248
7,252
7,250
7,249
7,251
7,465
7,438
7,429
7,407
1 ,389
7,360
*
Postal
service fund
_
-
963
820
385
53
277
771
978
2,190
1,765
1,923
1,761
1,663
978
2,620
2,636
2,916
2,708
2,571
2,162
2,200
2,055
_
-
-
-
1,712
-
-
52
199
44
62
*
-
-
__
Federal
Federal
hospitaj.
old-age and
insurance
survivors
trust fund insurance
trust fund
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
10,924'
11,216
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
30,430
11,135
32,963
31,872
-
-
11,488
.
_
_
_
_
-
11,151
11,145
10,924
10,526
10,820
_
_
_
11,130
-
-
10,073
10*22 $
11,115
11,236
10,987
Railroad
retirement
accounts
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715
2,684
2,325
1,993
3,124
2,841
2,858
2,684
2,417
2,437
2 359
2,296
2,224
2,081
1,792
1,789
_
_
Treasury
deposit
funds
_
-
836
790
780
736
Unemployment
trust fund
9,957
10,520
8,504
7,186
8,330
9,495
4,557
2,203
2,345
3,$03
715
771
718
693
726
659
736
744
727
798
763
74$
752
749
778
3,911
3,167
3,087
4,450
3,603
3,335
3,878
3,106
2,562
2,921
2,231
2,759
6,341
30,620
32,352
31,333
29,086
29,037
28,339
27^050
28,621
27,117
27,840
29,835
Other
1/
414
484
585
655
1,199
2,127
2,470
4,332
5,076
6,533
5,691
6,009
5,913
6,022
6,516
6,533
6,581
6,829
6,724
6,802
7,168*
7,089
7,531
February 1975. Federal ship financing escrow fighing fund, Federal
ship financing fund fishing- vessels (NOAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), Judicial survivors
annuity fund, national insurance development fund (HDD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessment fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund} Public' Health
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval
Acfcdeny Gift Fund; U.S. Naval Academy Miseum Blind; War Risk Revolv*
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman Memorial schol
arship fund; Special Investment'Account; Black Lung Disability Trust Fund«
Less than $500,000.
June 1978
23
warnr-RAT.
h u r t
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
1969......................
1970......................
1971......................
1972......................
1973.....................
1974......................
1975......................
1976......................
Total
amount
outstanding Family housing
and homeowners
1/
assistance
14,249
12,510
12,163
10,894
11,109
12,012
1,863
1,775
1,683
1,588
1,484
1,382
1977......................
10,943
10,953
11,678
1,276
1,171
1,136
10,298
1,016
1977-Mar..................
10,934
1,077
1977-Apr..................
May..................
10,883
10,221
1,068
1,059
1,044
1,035
1,024
1,016
1,006
991
983
10,226
9,898
9,893
9,842
974
963
954
949
10,856
10,824
July.......... ......
Aug....... ..........
Sept......... .
Oct..................
Nov..................
1978-7an..................
Feb.... ......... .
Mar............ .
10,728
10,312
10,298
10,290
10,260
Housing and Urban
Development Department
Other independent agencies
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
577
517
487
454
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
3,845
2,472
1,893
2,625
1,819
3,803
3,803
3,803
3,768
3,768
3,768
3,768
3,768
3,743
3,743
3,743
3,743
3,701
'3i337
3,323
3,313
3,266
2,863
2,858
2,857
412
408
487
581
578
579
592
598
594
588
583
579
579
583
585
581
599
602
607
607
1
|
.
1
Export-Import
Bank of the
United States
Federal
Home Loan
Bank Board
6
6
6
5
5
2,221
2,894
2,593
2,693
3,591
2,858
10
3,342
_
-
-
-
_
-
_
-
2,840
2,837
2,833
2,512
2,512
2,509
Postal
Service
Tennessee
Valley
Authority
250
250
250
250
250
250
250
3
3
3
3
3
3
250
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1,975
1,825
1,825
250
250
250
1,825
1,825
1,825
2
2
2
250
250
250
250
250
250
1,825
1,825
1,825
1,825
1,825
1,825
2
2
2
2
2
2
250
250
250
250
1,825
1,825
1,825
1,825
2
2
2
2
Other
2
2
2
2
2
Memorandum - Interest-bearing
securities of nonr-Government agencies i j
End of
fiscal year
'or month
Banks for
cooperatives
1/
Federal home
loan banks
1/
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
4,061
19,111
19,206
1977-Mar..................
4,899
1977-Apr..................
5,254
5,113
4,948
4,604
4,356
July..... ......... .
Sept.................
Oct..................
Nov.......... ......
1978-Jan.... ...... ......
Feb..................
Mar..................
4,061
4,052
4,208
4,622
4,728
5,046
Federal
intermediate
credit banks
1/
Federal
land
banks
Federal
National
Mortgage
Association
2/6/
4,240
4,942
5,705
6,188
6,673
7,995
9,497
5,720
District of
Columbia
Stadium
Fund
10,791
11,693
6,652
7,393
9,058
11,067
14,192
16,060
16,566
18,719
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
31,491
20
20
20
20
20
20
20
20
20
20
18,483
10,670
17,304
30,392
20
18,535
18,908
18,977
10,990
11,174
11,418
18,137
18,137
18,137
30,684
30,843
31,378
20
20
20
18,719
18,719
18,719
19,118
19,118
19,118
19,498
19,350
19,350
19,686
31,566
31,301
31,491
31,572
31,333
31,890
32,024
32,553
33,350
34'024
20
20
20
20
20
20
2Q
20
18,912
19,240
19,206
19,368
19,911
20,389
20,817
22,018
22,132
22,156
Source:
Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments fire made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to re
flect certain Export-Import Bank borrowing transactions new classified
as agency debt. These transactions were previously reported as offbudget negative outlaws.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased*
10,298
11,654
11,786
11,693
11,623
11,421
11,174
11,103
10^958
10,881
10*977
g/
2/
4/
j>/
6/
6,192
20
Effective September 30, 1963, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1963 (P.L. 90-443).
Effective December 31, 1968, banks for cooperatives and Federal in
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
Far details of securities outstanding, see Table TS0-5.
Includes Federal Home Loan Mortgage Corporation mortgage backed bonds
beginning November 1970.
Includes mortgage backed bands beginning June 1970.
24
Treasury Bulletin
FEDERAL DEBT
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Participation certificates issued by GNMA acting as trustee
Agriculture
Department
End of
fiscal year
or month
Commodity Credit
Corporation
Sales
2 ,i8l
1977-Mar................
1977-Apr................
June...............
July...............
Sept...............
Oct................
Nov................
Dec................
1978-Jan................
Feb................
Mar.............. .
Apr................
~
-
Retire
ments
_
2,181
"
-
Expo?t-Import Bank
of the United States
Out
standing Sales
-
.
“
-
Retire Out
ments
standing
369
1,814
1,493
1,226
618
576
249
249
252
252
252
252
252
252
252
252
252
321
268
608
42
327
-r
252
252
252
252
252
252
252
252
Farmers Home
Administration 1/
Total
Sales
Retire Out
ments
standing
1,330 , 630
- 1,280
- 1,315
- 1,085
440
110
110
80
35
377
42
35
_
~
-25
23
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
3,845
3,803
3,803
3,803
3,768
3,768
3,768
3,768
3,768
3,743
3,743
3,743
3,743
3,720
Sales Retire
ments
225
_
_
..
_
_
.
_
_
_
_
_
-
184
401
80
168
24
_
_
41
_
_
.
_
_
_
_
-
Out
Retire
standing Sales ments
1,166
765
685
517
493
493
492
492
492
451
451
451
451
451
451
451
451
451
451
451
451
451
451
451
Participation certificates issued by GNMA acting as trustee - Continued
Housing and Urban Development Department
End of
fiscal year
or month
Office of Secretary 2/
Retire
ments
197 0
.
197 1
.
197 2
.
1?73.... .
197 4
197 5
197 6
T.Q......
197 7
640
27
324
963
405
34
Government National
Mortgage Association l j
Out
standing
2*433
2,109
1,146
741
707
707
707
707
707
700
Snail Business
Administration j>/
tetire- Out
nents
standing
140
134
190
81
193
95
65
70
41
19
165
1,897
1,707
1,626
1,433
1,338
1,273
1,204
1,164
1,145
980
Veterans
Administration 6/
Retire Out
ments
standing
50
203
225
91
206
41
1,007
782
691
485
444
444
444
444
444
342
260
Retire
ments
Out
standing
79
136
99
107
243
45
41
40
16
54
1,885
1,749
1,650
1,543
700
1,016
342
1,146
700
700
700
700
700
700
700
700
700
996
996
996
980
980
980
980
969
342
342
342
342
342
342
342
342
342
1.124
1.124
1.124
1.105
1.105
1.105
1.105
1.105
1.092
1978-Jan..,
Feb..
Mar..
Apr..,
700
700
700
700
969
342
980
II
Source:
Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
2/ Includes College Housing, Housing for the Elderly, and Public Facility
programs.
U Includes Special Assistance, and Management and Liquidating programs.
5/
3
3
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
2
6
2
212
209
207
201
-
199
199
198
198
198
190
190
_
-
190
190
190
_
_
_
8
_
190
190
190
190
190
190
190
190
190
190
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 2/
Retire
ments
667
Out
standing
1,590
1,255
1,214
1,175
1,159
1.105
1977-Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..,
19
15
Out
standing
1,300
1977-Mar..
16
Health, Education,
and Welfare
Department 2/
1.092
1.092
1.092
1,068
Includes programs for Disaster Loans, and Business Loans and Invest
ments.
Includes Direct Loan and Loan Guaranty programs.
7/ In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
6/
25
June 1978
.FEDERAL DEBT.
Table FD-8. - Debt Subject to Statutory Limitation
End of
fiscal year
or month
Statutory
debt
limit
(In millions of dollars)
Debt outstanding sub
ject to limitation
Total
Public debt
1/
Other debt
1/ 2/
.
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
197 7
1977-Mar.
377.000
377.000
430.000
450.000
465.000
495.000
577.000
636.000
636,000
700.000
682.000
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
352,259
369,463
396,678
425.813
456,697
473,618
532,565
635,822
634,089
698.229
668,596
1.736
1.733
1.734
1.748
1977-May..
June.
700.000
700.000
700.000
700.000
700.000
752.000
752.000
752.000
673,246
675,557
674,991
686,297
699.963
698,530
709,101
720,068
671,497
673.814
673,252
684,562
698.229
696,792
707,361
718,332
1.749
1,743
1.738
1.734
1.734
1.738
1,740
1.736
752.000
752.000
752.000
752.000
752.000
722.741
730,900
739,103
737.741
742,750
720,985
729,142
737,341
735,978
740,988
1,756
1,758
1,763
1.762
1.763
July.
Aug..,
Sept.,
Oct..,
Nov..,
Dec..,
1978-Jan.
Feb.
Mar.
Am
Apr.,
May.,
699.963
670,343
619,820
Source:
Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1976. For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
4,672
3,962
2,797
2,764
2,392
2,388
1,642
Interest-bearing debt
subject to limitation
Public debt
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697.629
668,216
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
1,734
1,748
670,958
673,389
671,386
697.629
696,301
706,973
715,227
1,749
1,743
1,738
1,734
1,734
1,738
1,740
1,736
720,563
728,474
736,929
733,074
740,579
1,756
1,758
1,763
1,763
1,763
684,081
Non-interest-bearing debt
subject to limitation
Public debt
Other debt
1/
1/
530
437
389
453
343
380
825
825
825
825
825
825
443
566
529
600
380
539
425
1,867
482
600
491
388
3,105
421
668
412
2,905
409
1/ Adjusted to exclude notes to IMF and other international lending or
ganizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
Treasury Bulletin
26
.FEDERAL DEBT.
Table FD-9. - Status and Application of Statutory Limitations
The Second Liberty Bond Act (31 U.S.C. 757b), ao amend-
The Act of June 30, 1967
(Public Law 90-39)
provides
ed, provides that the face amount of obligations issued under
that the face amount of beneficial interests and participa-
authority of that Act, and the face amount of
tions issued under section 302 (c)
obligations
guaranteed as to principal and interest by the United States,
shall not exceed in the aggregate $400 billion outstanding
the fiscal year 1968
at any one time.
added to the amount
Public Law 95-252 provides that beginning
of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
and outstanding
at any time shall be
otherwise taken into account in deter-
on March 27, 1978, and ending on July 31, 1978, the public
mining whether the requirements of the above provisions are
debt limit shall be temporarily Increased by $352 billion.
met.
Part A. - Status Under Limitation?, May 31, 1978
V 1.11 II.llij.OHfc Ol dullctre)
Public debt subject to limit*
Public debt outstanding,...............................................................................................
Less amounts not subject to limit:
Treasury................................................................................................................
Federal Financing Bank.............................................. ................................................ .
Total public debt subject to limit...................................................................... ....... ..........
Other debt subject to limit:
"
Guaranteed debt of Government agencies................................................................................. .
Specified participation certificates.................................................. ........... ........................
Total other debt subject to limit...................... ...................................................................
Total debt subject to limit ...................................................................................... ..........
Statutory debt limit............................................................................................ ...........
Balance of statutory debt limit.................................. ......... .................................................
$ 741,598
"
610
(*)
740,988
628
1,135
1,763
742,750
752 000
9,250
Part B. - Application of Statutory Limitations, May 31, 1978
Classification
Interest-bearing debt:
Marketable:
Bills:
Treasury..............................................................................................................
Notes:
Treasury..............................................................................................................
Bonds:
Treasury..............................................................................................................
Total marketable.......................................................................... ..............................
Nonmarketable:
'
"
Depositary series.... ...................................................................................................
Foreign government series:
Dollar denominated........... .........................................................................................
Foreign currency denominated...........................................................................................
Government account series.................................................. .............................................
Investment series................................................................................... ....................
R.E.A. series...........................................................................................................
State and local government series............ ........................................................ ...................
United States individual retirement bonds.......... ........................................... ......... ................
United States retirement plan bonds.......................................... ...........................................
United States savings bonds.............................................................................................
United States savings notes.................................... .........................................................
Total nonmarketable...................................................................................... ...............
Total interest-bearing debt........................................................................... ....................
Non-interest-bearing debt:
Matured debt.................................. ........ ............................... ...................................
Other...... ...............................................................................................................
Total non-interest-bearing debt............................................................................................
Total public debt outstanding................................ ......... .....................................................
Source: Mon-yily Statement of the Public Debt of the United States.
* $500 thousand or less.
Amount outstanding
$159,391
261,612
52,681
473 684
g
21 476
*94.3
144,394
2,246
3
ig 599
* 36
154
78,645
390
266 895
740,579
..■=
248
771
1 019
741,598
21
June 1978
_ _ _ _ _ _ _ _ _ _ _ FEDERAL n g . R T
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
1969.................
1970.................
1971...,...... ......
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
1977-Mar.............
1977-May.............
July.............
Aug... .........
Sept.............
Oct.............
Nov...... ...... .
Dec..............
1978-Jan..............
Feb........ .....
Mar..............
Apr..............
May..............
Total
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53,091
57,374
66,353
61,742
61,558
60,123
62,177
64,662
66,353
68,44*
70,169
72,134
74,581
76,070
77,415
78,311r
78,965
Agency
for
Inter
national
Develop
ment 1/
Federal
Federal
Financing Home Loan
Bank
Bank Board
_
-
544
512
451
416
374
327
233
_
_
Govern
ment
National
Mortgage
Assn. 2/
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
1977-Mar.............
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5,907
4,908
5,200
1977-May..............
June.............
July.............
Aug..............
Sept.............
Oct......... .
Nov..............
Dec..............
1978-Jan....,.........
Feb..............
Mar..............
Apr..............
May..............
5,214
5,078
4,948
4,930
4,908
4,898
4,928
4,931
4,960
4,950
4,819
4,767
4,741
-
-
-
602
13,466
22,413
25,884
35,418
31,312
1,247
1,534
1,491
_
-
31,007
30,820
32,444
33,800
35,418
36,722
37,095
38,580
39,522
40,606
42A69
42',964
43,635
-_
-
Housing.and Urban Development
DepartmenV-Continued
End of
fiscal year
or month
_
-
_
-
_
-
4,223
4,512
5,oi7
5,697
6,128
6,925
8,181
8,507
9,947
10,092
10,230
10^281
10,233
Interior
Department
Rural
Telephone
Bank
Other
y
Agriculture Department
Secretary:
Rural
Farmers
Commodity
Electri Home
Credit
fication
Adminis
Corpo
tration
Adminis
ration
tration
Programs
2/
12,115
5,045
1,583
5,328
1,416
12,262
5,746
11,977
1,391
11,501
1,606
, 6,051
1,610
10,£64
, 6,563
8,608
2,545
6,963
1,482
5,046
7,409
2,840
. 7,512
1,717
3,556
1,867
7,409
6,128
1,922
7,865
4,288
7,609
1,922
Helium
fund
15
10
223
665
1,641
2,462
3,677
4,666
4,878
3,529
5,008
5,008
3,629
3,629
3,629
3,529
3,529
3,529
3,609
3,609
*669
3,669
3,709
3,709
110
7,765
7,765
7,765
7,865
7,865
7,865
7,888
7,903
7,925
7,951
7,865
7,920
7,959
Ten
nessee
Valley
Author^
ity
1,922
1,922
1,922
1,922
ExportImport
Bank of
the
United
States
2/
720
1,586
783
1,743
Housing and Urban
Development Department
Office of the Secretary
College
housing
loans
950
1,922
1,922
1,922
1,922
1,922
1,922
1,922
1,888
2,457
207
11
73
3
66
Saint
Lawrence
Seaway
Develop
ment
Corp.
205
252
252
252
252
252
252
252
252
252
252
252
252
252
212
216
150
150
116
116
1,730
1,730
228
230
234
234
234
234
236
150
150
150
150
150
150
150
156
150
150
150
116
116
116
116
115
115
115
115
115
115
115
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
49
132
191
201
234
257
261
284
260
352
333
351
414
455
124
149
264
176
2,811
800
800
800
800
800
800
800
800
800
800
800
800
800
207
208
246
250
264
265
309
361
361
364
364
369 r
379
Veterans
Adminis
tration:
Direct
loan
program
252
207
251
252
252
252
251
252
252
-
220
600
800
800
800
800
800
800
800
800
800
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2 ;8n
100
100
100
100
100
100
150
150
150
150
150
140
400
1,400
Z, 811
1,922
Transpor
tation
Dept.
Other
V
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
2,811
45
17
2l
409
3
3
3
5
2
161
18
16
1,922
Urban
renewal
fund
133
133
130
127
123
121
120
118
118
116
116
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
Other
2/
1/
2,032
1,996
2,010
2,010
2,014
2,015 #
2/
2/
2/
-
_
_
_
_
_
-
_
_
_
_
”
38
43
43
43
63
43
44
98
97
223
97
97
97
98
98
223
223
224
224
240
241
243
244r
244
Treasury Bulletin
28
•FEDERAL DEBT,
Footnotes to Table FD-10.
Source:
Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances "by the Treasury frcan public debt receipts under congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail nay be found in
the 1976 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 400-404, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812815.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administra to r in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
i j Consists of notes issued to borrow for: public facility loans; LewRent Public Housing Fund; and advances for National Flood Insurance
Fund.
J5/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administratior from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals Explo
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: International Communication Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NQAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels frcan Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 19"
Federal Railroad Administration, rail service assistance, begin
ning January 1976, and regional rail reorganization, April, 1976;
Bonneville Power Administration beginning September 30, 1977;
Secretary of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977.
2/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
r Revised.
29
June 1978
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding, May 31, 1978
(In millions of dollars)
Amount of maturities
Date
of final
maturity
June
July
Aug.
Aug.
Aug.
Sept.
Oct.
Oct.
Nov.
Nov.
Dec.
Dec.
1979
Jan.
Feb.
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug*.
Aug.
Sept.
Sept.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
30.
31.
15.
15.
31.
30.
1.
31.
15.
30.
31.
31.
31..
15..
28..
31.,
1.,
30.,
15.,
31.,
30.,
30.,
30.,
15.,
15.,
31.,
30.,
30.,
1.
31.
15.
15.
15.
30.
31.
31.,
Held by 1/ Description
Note
Note
8-3/4%-C Note
7-5/8/0-E Note
6-5/8#-Q Note
6-l/4#-R Note
l-l/2#-E0 Note
5-7/8#-S
Note
Note
6#-B
5-3/4#-T Note
8-l/8#-H Note
5-l/4#-U Note
Total....
6-7/8%-N
6-7/8#-P
5-7/8#-L
Note
Note
Note
Note
Note
Note
Note
6-1/8#-Q Note
7-3/4%-E Note
6-l/8#-R Note
Note
6—l/ 4#—S
6-1/4#-A Note
6-7/8#-J Note
6-5/8#-T Note
8-l/2#-F Note
6-5/8#-U Note
l-l/2#-E0 Note
7-l/4#-V Note
6-5/8#-B Note
Note
7#-C
6-l/4#-K Note
7-1/8#-W
Note
7-l/2#-G Note
7-l/8#-X Note
7%-n
5-7/8#-M
6#-N
1-1/2%-EA
5-7/8#-P
7-7/8#-D
Issue
Date
6/30/76
7/30/76
5A5/74
5A5/75
8/31/76
9/30/76
10A/73
llA /7 6
11/15/71
11/30/76
10/22/75
12/31/76
2/3/77
2A7/76
2/28/77
3/31/77
4A/74
5/2/77
11/6/74
5/31/77
7/9/75
6/30/77
8A/77
8/L5/72
8A6/76
8/31/77
9/30/77
10A/74
lOAl/77
2A5/73
11A5/73
11A5/76
11/30/77
1/6/76
1/3/78
Total....
1980
Jan.
Feb.
Fpb
Feb.
Mar.
Apr.
Apr.
May
May
June
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
1981
Feb.
Feb.
Mar.
Apr.
May
May
June
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
31.
15.
I5L.
29.
31.
1..
30..
15..
31..
30..
15..
15..
30..
1..
15..
15..
31..
7-l/2#-K
4#
6-1/2&-G
7-5/8#-L
7-1/2#-C
1-1/27.-EA
7-3/47.-N
6* 7/87.-A
87.-P
7-5/87.-D
97.-B
6-3/47.-H
6-7/87.-E
1-1/2%-EO
3-1/27.
7-1/87.-J
5-7/87.-F
Note
Bond
No±e
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
1/31/78
1/23/59
2/15/77
2/28/78
3/17/76
4/1/75
5/1/78
5/15/73
5/31/78
6/10/76
8/15/74
8/15/77
9/14/76
10/1/75
10/3/60
11/15/77
12/7/76
Total.
15.
15.
31.
1.
15.
15.
30.
15.
15.
30.
1.
15.
15.
31.
77.-A
7-3/77.-C
6-7/87.-H
1-1/27.-EA
7-3/87.-D
7-1/27.-M
6-3/87.-J
77.
7-5/87.-F
6-3/47.-K
1-1-27.-E0
7-3/47.-B
77.-G
7-1/47.-L
Total....
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
2/15/74
2/18/75
3/8/77
4/1/76
1/26/76
2/15/78
6/3/77
8/15/71
7/9/76
9/7/77
10/1/76
11/15/74
10/12/76
12/7/77
U.S. Govt,
All
accounts and other
Federal Re
investors
serve banks
3,331
2,855
2,462
5,155
2,949
3,195
3
2,921
8,207
2,941
2,517
3,376
39,912
794
375
642
2,597
180
482
203
3,623
259
202
509
9,866
2,537
2,480
1,820
2,558
2,769
2,713
3
2,718
4,584
2,682
2,315
2,867
30,046
2,855
4,692
2,845
3,519
146
1,725
362
603
2,709
2,967
2,483
2,916
2
2
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
136
549
209
139
273
169
1,799
851
340
240
260
1,856
1,720
1,878
1,643
2,035
3,011
2,760
2,138
3,141
1,841
3,601
4,334
1,604
2,241
3,376
4,791
2,006
3,920
66,775
273
1,142
448
255
358
136
353
10,766
4,061
' 462
1,793
3,121
4,433
' 1,870
,3,567
56,009
3,875
2,496
4,608
3,820
6,076
359
929
1,462
257
634
3,516
1,567
'3,142
'3,563
5,442
428
5,564
177
294
619
684
38
14,868
2,751
1,701
2,879
1,891
1,608
3,551
1,988
3
1,135
3,916
2,654
41,313
1,842
4,796
2,809
565
979
129
1,277
3,817
2,680
2,020
182
1,034
70
408
268
62
1,838
2,860
2,444
399
2,318
2,906
14
4,104
942
3,381
1
2
3,179
7,265
3,056
2,185
4,296
4,133
2,141
3
1,754
4,600
2,692
56,181
*
3,894
2,514
807
2,586
2,968
14
4,477
2,543
3,452
34,722
2,688
582
153
373
1,601
71
Source: Monthly Statement of the Public Debt of the United States and
Office of Government Financing in the Office of the Secretary.
1/ Beginning with February 1969 Treasury Bulletin, the definition of
~
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
1
2
*
28,980
Amount of maturities
Date
of final
maturity
m
Feb.
Feb.
Mar.
Apr.
May
May
Aug.
Oct.
Nov.
Nov.
1983
Feb.
Apr.
May
June
Nov.
1984
Feb.
Aug.
Aug.
1985
Feb.
May
May
May
Aug.
Nov.
15....
15....
3 1 ....
1....
15....
15....
15....
1....
15....
15....
15....
1....
15....
15,73-83
15...
Description
6-3/8#
Bond
5/15/72 2,702
1/6/77 2,697
6-l/8#-D Note
7-7/ 8%-G Note
3/6/78 2,853
*
l-l/2#-EA Note
4/1/77
8#-A
Note
5/15/75 2,747
7#-E
Note
4/4/77 2,613
8-1/8#—B Note
8/15/75 2,918
l-l/2#-E0 Note
1
10/1/77
7-7/8#-C Note 11/17/75 2,902
7-l/8#-F Note 10/17/77 2,737
2T T 7o“
Total........
8#-A
Note 2/17/76 */,958
*
4/1/78
l-l/2#-EA Note
7-7/8#-C Note
4/5/78 2,573
3-1/4#
Bond
5/1/53 1,244
7#-B
Note 11/15/76 2,309
14,084
Total........
-
1,448
21
1,141
-
1
5,822
2,499
1,017
2,214
2.532
11,552
4,675
954
2,493
5,999
3,763
1,399
370
5.532
1,439
179
395
2,013
5,,219
9,,515
1 ,,216
985
1,980
884
4,234
7,535
332
15,,9,50
3,849
12,101
13, 654
4, 203
752
1 ,044
7-7/8#-A Note
8#-B
Note
6-1/8#
Bond
5A7/76
8/16/76
11/15/71
4.7'^
2,688
*
8,122
2,764
573
649
3,986
1,781
Note 11A5/77
2 ,,387
8-1/47.-A Note
5/15/78
4,,147
1,609
2,538
3-1/27.
8-1/47.
Bond
Bond
2/14/58
4/7/75
2 ,791
1 ,247
4 ,038
893
397
1,290
1,898
850
2,748
4-1/47.
7-1/47.
Total..
Bond
Bond
5/15/62
7/8/77
2 ,867
1 ,504
1,128
1,739
1,418
4 ,371
1,214
3,157~
182
627
129
418
1,417
596
2,560
1993
Feb. 15.88-93 47.
6-3/87.
Feb. 15...
7/7/87.
Feb. 15...
Aug. 15.88-93 7-1/27.
Total..
1994
May 15,89-94 4-1/87.
1995
>Feb.
1998
May 15,93-98 77.
3-1/27.
Nov. 15...
1999
May
1,639
2,643
2,640
*
1,299
2,592
1,777
74
227
95
2/15/78
6/3/58
4/5/60
7-5/8#-A
1,063
54
213
2,136
8 ,438
2,353
2,863
15.
All
other
investors
2,149
2/15/77
8/15/72
8/15/77
15.
15.
15.
U.S. Govt,
accounts and
Federal Re
serve banks
753
49
7-l/4#-A Note
6-3/8#
Bond
7-l/4#-B Note
Total........
Note
15.... 8#-A
Bond
15.... 3-1/4#
Bond
15,75-85 4-1/4#
Total..
15...
15..
15..
Total.....
1987
Nov.
1888
May
1990
Feb.
May
Held by 1/ -
Issue
Date
86
Bond
Bond
Bond
Bond
1/17/63
1/10/73
1/6/78
8/15/73
4,224
53
209
84
1,318
1,664
Bond
4/18/63
1,061
456
605
Bond
2/15/55
540
Bond
5/17/76
10/3/60
692
1,974
2,666
328
714
1,042
364
1,260
1,624
Bond
1 ,501
1 ,914
15,94-9S 8-1/2#
Band
5/17/74
2,414
1,644
Feb. 15,95-0C 7-7/8#
Aug. 15,95-0C 8-3/8#
Bond
Bond
2A8/75
8/15/75
. 15,96-01 8#
20C5
May 15,00-05 8-1/4#
Bond
8/16/76
2,771
4,662
7,433
1,575
563
2,013
2,576
810
2,208
2,649
4,857
765*
Bond
5/15/75
4,246
2,169
2,077
2007
Feb. 15,02-0' 7-5/8#
Nov. 15,02-0'; 7-7/8#
Bond
Bond
2A5/77
11/15/77
4,249
1,550
1,495
256
2,699
1,239
5.744
1.806
3,938
2000
^/ Treasury Notes 7-3/87. Series C-1981 and 7-3/87. Series E-1981 were two
separate issues consolidated effective Sept. 1, 1976. Series E-1981
notes were issued on April 5, 1976 but are treated as if they were
an additional issue of Series C-1981.
* Less than $500,000.
Treasury Bulletin
30
, PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of •new issue
Amount of bids accepted
Issue date
Maturity
date
Number of
days to
maturity 1/
Amount of
bids
tendered
Total
Amount
On com
petitive
basis 2/
On noncom
petitive
basis 2/
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
Regular weekly:
,1978-May
i Aug.
f
May
1 Aug.
( May
L A'ig.
9........... *
16............
23............
f
2 ...........
f
v
Mar,
V
f
9
^
1
16...........
t
23...........
f
\
30...........
J
[
T
\
May
13...........
/
20 ........... .
/
\
27........... .
/
\
4...........
\
11 ...........
f
\
r
4,733.5
182
6 ,646.1
11
10
91
182
4,833.4
6,60A*2
18
17
91
2 ,404.2
1,998.1
3,085.8
406.1
419.2
2,301.7
3,599.2
2,307.2
3,503.9
29,470.7r
88,554.7r
29,472.3r
88,554.4r
2,202.4
3,402.6
2,302*5
3,403.5
29,592.5r
88,659.9r
182
4,514.4
6,265.1
3,504.9
2,308.7
3,503.6
2 ,322.6
3,508.2
May 25
Al,P. 71
June
1
Aug. 31
91
182
4,676.3
6,340.0
2,412.3
3,500.2
2 ,041.8
3 ,322.2
398.4
183.9
349,0
167.9
370.5
178.0
91
182
4,696.9
6,523.7
2,304.5
3,501.6
1,915.6
3,318.3
388.9
183.3
2,302.0
3,304.4
June
Sept.
June
Sept*
June
Sept.
June
Sept.
91
182
4,974.9
6,900.5
5,239.2
5,980.9
4,823.9
6 ,316.6
4,421.6
5,714.0
2,196.8
3,407.0
1,784.0
3,195.9
412.7
211.0
2,206.7
3,203.1
2,306.9
3,400.8
1,910.9
3,198.2
396.0
2,301.7
3,402.1
1,944.7
3,236.0
356.9
166.0
2,303.4
3,402.6
1,953.7
3,238.6
1,916.0
3,214.5
387.0
190.0
8
7
15
14
91
182
91
22
21
182
29
28
182
July
Oct.
6
July
Oct.
July
Oct.
13
5
91
91
182
91
12
182
20
91
182
19
July 27
Oct. 26
91
182
Aug.
Nov.
3
91
2
182
18...........
a
Aug.
Nov.
Aug.
Nov.
25...........
I
{
Aug.
Nov.
i
|
91
4
3
4,869.7
6,453.1
2,302.9
3,404.5
5,155.3
5,962.2
4,834.0
5,692.3
5,113.0
5,844.7
4,772.6
6,175.8
2,305.9
3 ,401.0
2,305.5
3,402.3
2,301.7
3 ,406.0
91
182
4,981.7
6,206.6
4,385.2
6,158.7
2,301.4
3,503.6
2 ,302.2
3,402.5
2,206.0
3,403.2
24
24
91
183
4,379.9
5,900.2
2,203.7
3,401.5
2
364
364
364
364
364
364
364
364
364
364
364
364
364
364
364
6,195.9
4.971.3
5.478.3
5,901.1
6,144.8
5,247.0
4,953.8
5,873.7
6.154.1
5.568.2
5,663.1
5,697.8
6,055.6
4,695.4
5,767.1
10
91
9
17
182
16
1,910.3
3,319.7
1,973.6
3,340.2
202.6
349.7
164.0
2,311,1
3,376.7
29,694.9r
89,157.7r
29,690.7r
89,081.8r
2,204.4
3,502.0
2,105.2
3,302.4
2,206. 4r
3,505.9
29,787.9r
89,181. gr
29,986.Ir
89,182.Or
30,082.6r
89,080.7r
30 ,081.Ir
1,861.4
3,177.3
1,852.7
3,195.3
1,918.5
3,226.4
1,925.7
3,313.8
444.5
223.7
452.8
207.0
2,3Q7.4r
3 ,406.0
383.1
179.6
375.7
1,937.9
3,191.8
364.3
210.7
1,802.7
3,187.5
1,860.1
3,203.3
403.3
215.7
343.6
198.2
2,306.7r
9,410.1 A/
2 ,404.2
3,401.5
2,308.7
3,407.0
2 ,322.6
3,303.6
189.8
29,702.3r
88,756.6r
29,704.8r
88,953.9r
89,075.7r
30,082.2r
89,075.2r
30,077.1
89,077.4r
2,412.3
3,503.4
29,974.3
89,179.5
29,967.8
89,175.0
29,851.2
89,274.6
29,642.5
89,172.7
3,335.5
2,921.4
2,611.6
2 ,901.6
2,952.6
2,917.3
3,095.1
5,907.0 5/
3.504.6
3.070.7
3,105.5
3,208.3
3,342.5
2 ,966.1
2 ;454.3
39.998.9
39.531.9
39.173.2
39.309.2
39.361.3
39.479.9
39,547,0
39,732.7
40,066.1
40,200.3r
40,346.6r
40,457.7*
40,460“
7r
40,519.1
40^542.4
52-Week;
3...........
31.......... .
June 2 8 . .
July 26...........
Aug. 23...........
Sept.20...........
Oct. 18...........
Nov. 15...........
Dec. 13....... .
1978-Jan. 10...........
Feb. 7...........
Mar. 7 ...........
May
1977- May
May'
,
i
.
.
.
.
2...........
30...........
Footnotes at end of table.
June
July
Aug.
Sept.
Oct.
Nov.
Dee.
1979-Jan.
Feb.
Mar,
Apr.
May
30
27
25
2^
19
17
14
12
9
6
6
3
i
29
2 ,966.1
2.454.3
2.252.9
3.037.6
3.004.7
3.035.9
3.162.3
3,587.4
3,838.0
3.204.7
3.251.8
3,319.3
3,345.5
3,024.4
2,477.7
2,909.4
2,400.4
2 ,198.6
2,981.7
2.933.8
2.948.0
3.090.7
3.486.7
3,772.2
3,087.5
3.169.9
3 .221.1
3,258. Z.
2,945.9
2,371.2
56.8
53.9
54.4
55.9
70.9
87.9
71.6
100.7
65.8
117.2
81.9
98.2
87.1
78.6
106.4
32
June 1978
» PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings o f Bills—Continued
On competitive bide accepted
On total bids accepted
Issue date
per hundred
Regular weekly:
fD3-week and 26-week)
1978-Fet>.
2 .......... .....
6.440
6.716
I 98.363
\ 96.591
6.475
6.743
6.453
6.745
6,*460
6.755
\
2 .................
f
{
9 .................
f
23.................
30.................
Apr.
/ 98.431
\ 96.690
/ 98.405
^ 96.630
(
98.415
96.662
6.624
6.207
6.547
6.311
4.................
June
18.................
98.433
96.701
98.409
96.639 12/
6.666
27.................
52-Week.
1977-May
JJ
6.302
( 98.448
V 96.682
18.................
7/
8/
98.381 10/
96.617 l l f
98.401
96.638
20 .................
11.................
July
Aug.
Sept.
Oct.
Nov.
Dec.
1978-Jan.
98.395
{ 96.625
/ 98.407
\ 96.651
Price per hundred
Equivalent rate 6/
(Percent)
(Percent)
” 98.379
96.609
98.372
96.597
98.375
96.603
98.371
96.590
6.428
6.709
6.349
6.676
6.417
6.718
6.374
6.743
13.................
May
98.375
96.608
98.378
96-.604
98.389
96.591
6 .................
Price per hundred Equivalent rate
(Percent)
98.369
V 96.590
f 98.367
V 96.585
16.................
rate 6/
98.372
96.605
[
[
Mar.
Low
High
98.382
6.413
6.707
6.440
6.731
6.429
6.719
6.444
6.745
98.371
96.603
98.365
96.581
6.468
6.405
6.692
98.374
96.606
98.394
96.623
98.406
96.647
98.429
96.687
98.403
96.628
6.433
6.713
6.353
6.680
98.377
6.326
6.650
6.270
6.603
6.199
6.525
6.294
6.648
6.444
6.719
6.476
6.749
98.363
96.588
98.366
96.586
*
6.464
6.753
6.763
6.306
6.632
6.215
6.553
6.318
6,670
96.610
6.705
6.361
6.727
96.601
98.388
96.589
6.421
6.723
6u377
6.747
6.140
6.120
6.563
98.453 15/
96.695 16/
6.537
98.445
96.678
6.152
6.571
/ 98.409
V. 96.574
6.294
6.777
98.412 17/
96.582 i|/
6.282
6.761
98.408
96.572
6.781
f 98.367
V 96.494
I 98.366
V 96.468
/ 98.403
\ 96.454
/ 98.363
\ 96.370
6.460
6.935
6.464
6.986
6.318
7.014
6.476
7.141
98.377 19/
96.512
98.370
96.486
98.411
96.466
98.377 20/
96.395
6.421
6.899
6.448
6.951
6.286
6.990
6.421
7.092
98.365
96.490
98.365
96.465
98.396
96.447
98.357
96.365
6.468
6.943
6.468
6.992
6.345
7.028
6.500
7.151
94.780
94.537
94*532
5.160
5.403
5.408
94.804
94.540
94.540
5.139
5.400
5.400
94.763
94.529
94.526
5.179
5.411
5.414
94.290
93.827
93.776
93.308
5.648
6.105
6.156
94.317
93.834
93.804
5.621
93.347 24/
93.408
93.398 25/
94.280
93.822
93.769
93.278
93.378
93.378
\
f
<
6.401
98.392 13/
96.599 M /
21/
22/
23/
6.098
6.128
6.580
6.520
6.529
6.298
5.657
6.110
6.163
93.375
6.619
6.542
6.545
6.552
93.384
6.543
93.368
6.559
Feb.
93.110
6.814
93.125 £ 6/
6.799
93.097
6.827
Mfer.
Apr.
May
93.065
93.047
6.859
b.8V7
93.086
93.065
27/
6 V838
6.859
93JD53
93.040
6.884
92.849
92.501
7.073
7.417
92.883
92.508
28/
7.039
7.410
92.828
92.499
7.093
7.419
93.385
93.382
10 .................
1
Footnotes on following page.
6.648
6.549
6.549
6*871
Treasury Bulletin
32
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source:
Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26 weeks.
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
L j Includes maturing short-dated bills issued Apr. 3, 1978.
jj/ Includes maturing short-dated bills issued Nov. 7, 1977.
6/ Bank di-.coun+ r>d.is.
2J iuccept $545,UUU at 9fo.bU3 and 3)300,UUO at yo.ocr.
£/ Except $3,820,000 at 98.426.
2/ Except $1,000,000 at 96.597 and $25,000 at 96.630.
10/ Except $10,000 at 98.416.
i±J
$ 1,^ 0 ,(v'0 at '><o. ) ’n.
12/ Except $50,000 at 96.653.
13/
14/
15/
16/
17/
18/
19/
20/
21/
22/
23/
2U
25 /
26/
22/
28/
Except $600,000 at 98.397.
Except $10,000 at 96.604.
Except $1,745,000 at 98.458.
Except $200,000 at 96.699.
Except $475,000 at 98.428.
Except $15,000 at 96.789.
Except $500,000 at 98.415.
Except $600,000 at 98.382.
Except $500,000 at 94.798.
Except $75,000 at 93.844.
Except $350,000 at 93.831.
Except $325,000 at 93.357.
Except $5,000,000 at 93.403 and $930,000 at 93.410.
Except $2,000,000 at 93.180.
TTvrept $10,000,000 at 93.074 and $130,000 at 93.140.
Except $165,000 at 92.599.
Revised.
June 1978
33
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New M oney Financing through R egular W eekly Treasury B illsiy
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
2..
8..
15.,
22.,
29.,
5.,
13.,
26.,
Apr.
22
.,
29.,
May.
6.,
13.,
20.
27.,
3.
10.
17.
24.
July
1.
8.
15.
1977-Apr.
May
28.
5.
/
\
19.
/
Aug.
\
Nov.
/
Aug.
I
Nov.
/
Sept.
L
Dec.
/
Sept.
V
Dec.
/
Sept.
y
Dec.
/
Sept.
1
Dec.
/
Sept.
V
Dec.
/
Oct.
\l978-Jan.
/1977-Oct.
U978-Jan.
/l977-0ct.
\1978-Jan.
/l977-Dec.
\1978-Mar.
fl977-Dec.
U978-Mar.
2.
9.
16.
23.
30.
7.
14.
21.
Sept.
1977-Apr.
July
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
Aug.
May
Aug.
May
Aug.
^
July
Oct.
*“
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
i
Nov.
J
Sept.
1
Dec.
r
Sept.
i
Dec.
f
Sept.
i
Dec.
f
Sept.
1
Dec.
f
Sept.
1
Dec.
/
Oct.
\1977-Jan.
/1976-Oct.
\1977-Jan.
f
July
\
Oct.
/
Aug.
\
Nov.
12.
26.
1977-July
Number of
days to
maturity
15.
22.
25.
[
^
Aug.
Nov.
Feb.
May
1
1
8
8
15
15
22
22
29
29
6
5
13
12
27
26
22
21
29
28
5
4
90
181
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
12
12
19
18
26
26
2
2
9
9
16
16
23
23
30
30
7
6
14
13
28
27
4
3
11
10
18
17
25
25
1
1
8
8
15
15
22
22
29
29
6
5
13
12
20
19
15
16
22
23
91
183
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
18291
182
91
182
91
182
91
182
23
25
90
181
Amount
of bids
tendered
Amount
of bids
accepted
$4,957
5,942
5,084
6,539
$2,901
3,301
3,004
3,501
5,783
5,457
4,588
5,488
4,774
5,844
4,505
6,558
4,709
6,212
4,700
5,121
5,504
5,370
5,572
6,033
5,557
7,702
5,739
6,519
2,992
3,403
3,001
3,393
3,102
3,502
3,109
3,804
3,102
3,902
2,902
3,731
2,506
3,404
2,609
3,502
2,603
3,601
4,624
6,508
4,955
7,382
3,915
6,567
5,514
7,017
4,360
5,364
4,376
5,523
4,163
5,222
4,251
7,809
7,134
6,198
5,032
5,845
4,375
6,054
4,449
6,065
4,636
6,288
2,502
3,503
2,500
3,602
2,504
3,503
2,309
3,399
2,103
3,202
2,106
3,103
2,302
3,402
2,505
3,506
2,514
3,503
2,303
3,300
2,304
3,307
2,204
3,303
2,103
3,203
4,033
6,505
4,056
5,487
4,016
6,337
4,060
5,206
3,751
4,987
4,194
6,347
3,753
5,809
4,379
5,821
4,221
6,627
4,083
6,015
5,678
5,685
4,809
6,061
2,099
3,201
2,004
3,102
2,007
3,002
2,003
3,001
2,000
3,001
2,104
3,201
2,303
3,305
2,203
3,404
2,301
3,408
2,515
3,377
2,507
3,502
2,303r
3,503
2,603
3,602
Average rate
of bids
accepted
(Percent)
New money
increase, or
decrease (-)
5.207
5.508
5.226
5.521
4.827
5.066
4.782
5.046
4. 763
5.051
4.812
5.066
4.872
5.133
4.869
5.204
4.763
5.089
4.910
5.230
4.920
5.338
$500
5.072
5.425
5.250
5.727
5.495
5.908
-199
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
5.368
5.754
5.411
5.767
5.190
5.430
4.518
4.839
4.807
5.052
4.823
5.131
4.996
5.234
5.142
5.353
4.993
5.192
5.047
5.234
5.000
5.166
5.013
5.222
4.965
5.172
5.045
5.246
5.162
5.357
5.214
5.436
5.887
6.098
5,851
5.976
6.084
6.384
501
490
487
702
708
700
199
-193
-195
-209
-205
-211
-295
-292
-291
-302
-200
-188
-92
-405
-702
-898
-701
-909
-903
-697
-308
-208
-402
-398
-296
-197
786
905
301
34
Treasury Bulletin
, PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Description of issue
1.
8.
15.
29.
16.
23.
2.
9.
30.
May
Number of
days to
maturity
Maturity
date
Issue
date
25.
1978-Mar.
June
Mar.
June
Mar.
June
Mar.
June
May
Aug.
May
Aug.
June
Aug.
June
Sept.
June
Sept.
Aug.
Nov.
2
1
9
91
182
7
29
28
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
24
24
91
383
8
16
15
30
29
18
17
25
24
1
31
8
Source:
See Table PDO-2.
1/ Equivalent average rate on bank discount basis,
r Revised.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 1/
(Percent)
$4,535
7,041
4,438r
7,124
5,025
5,928
4,378
7,193
4,514
6,265
$2,302
3.501
2,207r
3.403
2,311
3,405
2,105
3,386
2,323
3,508
6.057
6.371
6.048
6.348
6.073
6.371
6.152
6.460
6.453
6.745
4,676
6,340
4,697
6,524
4,975
6.900
4,422
5,714
2,412
3,500
2,305
3.502
2,197
3,407
2,303
3.403
4,380
5.900
2,204
3,401
6.476
7.141
New money
increase, or
decrease (-)
*\
J
\
J
\
J
401r
399r
200
\
J
88
\
J
226
6.460
A
207
6*755
6.428
6.709
6.349
6.676
6.311
<
I
6.666
J
\
J
\
J
\
J
200
194
298
-311
June 1978
35
PUBLIC DEBT OPERATIONS
Table PDO-4. - O fferin gs o f P u blic Marketable S ecu rities Other than
Regular W eekly Treasury B ills
V-iA^J-J-cU. ctiUUUllbb JLXl illXJLJ-XUXlSj
Date subscrip
tion books
closed or
tenders re
ceived
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/76
6/
3/24/76
3/29/76
4/29/76
5/4/76
5/5/76
5/7/76
5/19/76
5/26/76
6/7/76
6/3/76
6/23/76
6/21/76
6/29/76
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
8/19/76
8/31/76
6/
9/15/76
9/21/76
9/28/76
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
Issue
date
1/13/76
1/26/76
2/2/76
2/17/76
2A0/76
2/L7/76
2A7/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
5/4/76
5/17/76
5/17/76
5/17/76
6/1/76
6/1/76
6/8/76
6/10/76
6/29/76
6/30/76
7/9/76
7/27/76
7/30/76
8A 6/76
8/16/76
8/16/76
8/24/76
8/31/76
9/14/76
10A/76
9/21/76
9/30/76
10/12/76
10A9/76
11/1/76
11/15/76
11/15/76
11A5/76
11/15/76
11/30/76
12/7/76
12/10/76
12/14/76
12/31/76
1/06/77
1/11/77
2/03/77
2/15/77
2/08/77
2/15/77
4/1/77
4/19/77
4/27/77
2/15/77
2/28/77
3/8/77
3/8/77
3/31/77
4/4/77
4/5/77
4/1/77
4/6/77
5/2/77
5/3/77
5/3/77
5/16/77
2/17/77
2/23/77
3/2/77
3/22/77
3/29/77
3/30/77
£/
5/4/77
5/18/77
5/24/77
5/25/77
6/03/77
6/21/77
6/22/77
6/28/77
7/19/77
7/20/77
8/02/77
8/03/77
8/04/77
8/17/77
5A6/77
5/31/77
6/3/77
5/31/77
6/07/77
6/30/77
6/28/77
7/08/77
8/01/77
7/26/77
8/15/77
8/15/77
8/15/77
8/23/77
Description of securities 1/
5.158#
1-1/2#
4.632#
5-7/8#
5.163#
7-1/4#
7-5/8#
6-1/8#
6-3/4#
5.403#
5.240#
6-1/8#
5.408#
7-1/4#
6-1/4#
5.647#
Bill
Note
Note
Note
Bill
Note
Bond
Note
Bill
Note
Note
Note
Note
Bill
Bill
Note
Note
Bond
Note
Bill
Bill
Note
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Note
Note
Note
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Bill
Note
Bond
Note
Note
Bill
Bill
Note
Bill
Bond
Note
Bill
6-3/4#
7-1/4#
7-5/8#
6.105#
Note
Note
Bond
Bill
5.578%
7-3/8%
6-3/8%
8%
5.572%
7%
8-1/1$
6-5/8%
6.010%
7-1/2%
6 -3/4/o
1-1/2$
7-3/8%
5.781%
5.645$
6-1/2#
7-7/8%
7-7/8%
7-1/8%
6.309#
5.520$
7-5/8%
6.081#
6-7/8#
7-5/8%
5.739#
6-7/8%
6-7/8%
8%
8%
5.634#
6-5/8#
6-7/8#
1-1/2#
5.561#
6-1/4#
7#
5.126#
5-7/8#
6-1/4#
7#
7-7/8#
5.201#
4.448#
4.708#
5-1/4#
6-1/8#
4.728#
5-7/8#
6-1/2#
5.345#
7-1/4#
7-5/8#
5-7/8#
6-7/8#
5.226#
6#
7%
1/11/77
5/15/81-D
I/3I/78-J
2/15/83-A 1/
Period to final
maturity
(years, months,
days) 2/
5y 4m
2y
7y
2/8/77
2/15/79-H
5/15/2000-05 Reopening
11/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/1/81-EA
2/15/81-E
4/5/77
5/3/77
4/30/78-L
5/15/86-A 1/
2/15/95-2000-Reopening
5/31/78-M
5/31/77
6/17/76-Reopening
6/30/80-D
6/28/77
6/30/78-N
8/15/81-F
7/26/77
7/31/78-P
8/15/79-J
8/15/86-B V
8/15/1996-2001
8/23/77
8/31/78-Q
9/30/80-E
10/1/81-E0
9/20/77
9/30/78-R
11/15/81-G
10/18/77
10/31/78-S
ll/15/79-K
11/15/83-B
2/15/95-2000-Reopening
11/15/77
11/30/78-T
12/31/80-F
4/21/77-Reopening
12A3/77
12/31/78-U
2A5/82-D
1/10/78
1/31/79^-L
2/15/80-G
2/07/78
2A 5/84-A
2/15/2002-07
2/28/79-M
3/3I/8I-H
3/7/78
3/31/79-N
5/15/82-E
4/4/78
4/1/82-EA
4/21/77-Reopening
4/30/79-P
5/2/78
2/15/84-A-Reopening
2/15/2002-2007-Reopening
5/31/79-Q
6/30/81-J
5/30/78
6A6/77-Reopening
6/30/79-R
6/27/78
8/15/92
7/31/79-S
7/25/78
8/15/80-H
8/15/84-B
2A5/2002-07-Reopening
8/22/78
364d
3y
29y 3m
ly 9m
364d
364d
4y
2y
5y
4y 10-l/2m
364d
364d
2y
IQy
23y 9m
2y
364d
9d
364d
2y
5y lm
364d
2y
3y
IQy
25y
364d
2y
5y
364d
2y
3y
7y
23y 3m
365d
132d
364d
2y
5y lm
364d
2y
3y
7y
3Qy
2y
4y lm
364d
364d
2y
6y 9m
29y 9m
2y
4y lm
2y
15y 1m
2y
3y
7y
29y 6m
4,959
5,666
5,507
4,851
5,180
6,046
5,668
4,712
1,525
4,952
4,381
6,007
5,246
4,856
4,296
5,581
5,663
4,829
5,693
2,556
4,934
4,827
5,442
6.454
5,335
4,205
5,219
4,324
5,691
6,469
1,545
5,376
4,090
5,621
4,700
6,940
6,596
5,318
7,053
5,874
6,190
364d
2y
5y lm
5y
4,901
3,328
3,603
29,211
4,913
4,481
712
24,426
364d
2y
4y lm
Cash
9,000
4y im
2y
4y
5y
Amount of sub
scriptions tendered
15d
364d
364d
9d
364#
364d
364d
5,909
4,778
2,352
6,477
5,070
6,265
4,789
3,917
Exchange
_
-
1,939
1,600
215
_
97
*
_
300
472
117
82
_
_
692
_
700
1,476
592
54
14
-
Amount issued 2/
For
cash
3,069
2,020
2,508
6,019
2,930
3,092
402
2,628
3,105
2,069
3,066
2,628
3,203
3,335
2,274
4,747
750
2,485
2,921
2,010
2,185
2,612
2,638
2,586
2,977
2,855
2,289
8,039
983
2,953
2,895
2,141
2,917
Allot
In exchange ment
ratio
V
_
1,939
1,600
215
97
■
*
_
300
472
117
82
_
692
_
700
1,476
592
54
14
-
326
2,868
326
_
98
70
50
136
_
252
-
2,543
3,095
2,822
3,306
2,259
_
98
70
50
-
1,300
881
391
150
_
-
1,001
3,402
2,805
2,692
2,005
3,505
3,124
2,697
3,071
2,855
3,308
3.105
2,024
752
2,695
2,809
252
-
1,300
881
391
150
-
523
110
2,995
2,613
3,342
_
4,506
1,882
-
6,160
2,676
2,623
900
4,223
4,777
4,971
9,460
4,900
5,478
3,699
4,706
5,901
7,968
5^041
2,143
6,144
190
1,898
-
2,514
2.454
6,986
14,940
3,239
6,196
-
1
-
_
264
-
65
-
425
300
199
12/
14/
15/
16/
17/
18/
12/
20/
21/
22/
21/
24/
25/
26/
27/
28/
22/
20/
il/
22/
12 /
24/
136
3,208
523
5/
10/
11/
12/
-
22/
28/
12/
itQ/
il/
i2/
42/
44/
J£/
£6/
1
-
110
2,966
-
ML/
2,909
1,003
2,623
900
190
A&/
42
£0/
.21/
2,002
2,044
2,253
1,504
3,115
3,038
3,708
2 ;563
1,003
3,005
-
_
264
65
-
425
300
199
5y
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS_________________
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
8/23/77
8/30/77
9/01/77
8/31/77
9/07/77
9/06/77
9/19/78
9/21/77
6/
1,0/5/77
10/L2/77
10/18/77
10/28/77
11/1/77
11/2/77
11/4/77
11/9/77
11/22/77
11/29/77
11/30/77
12/7/77
12/21/77
12/27/77
1/04/78
1/18/78
1/31/78
2/01/78
2/01/78
2/02/78
2/16/78
2/22/78
9/19/78
9/30/77
10/1/77
10/17/77
10/L8/77
10/31/77
11/15/77
11/15/77
11/15/77
11/7/77
11/15/77
11/30/77
12/2/77
12/7/77
12A3/77
1/3/78
1/6/78
lAO/78
1/31/78
2/15/78
2/07/78
2/15/78
2/L5/78
2/28/78
3/6/78
3/7/78
4/1/78
3/8/78
3/31/78
4/5/78
4/4/78
4/3/78
3/1/78
1/
3/3/78
3/22/78
3/28/78
3/29/78
3/30/78
4/19/78
4/26/78
5/2/78
5/3/78
5/23/78
5/24/78
5/31/78
6/1/78
5/1/78
5/2/78
5/15/78
5/15/78
5/31/78
5/30/78-
6/7/78
6/2/78
Description of securities l/
6-5/8%
6-3/4%
5.760%
5.760$
6.156$
6- 5/8$
1- 1/2$
7-1/8$
6.619$
7-1/4$
7-1/8$
7-5/8$
7-7/8$
6.390$
6.542$
7-1/8$
6.273$
7-1/4$
6.545$
7-1/8$
7-7/8$
6.552$
7-1/2$
7-1/2$
6.814$
8$
8-1/4$
7-5/8$
7-7/8$
6.859$
1- 1/2$
6.346$
7-1/2$
7-7/8$
6.877$
6.645$
7-3/4$
7.072$
8-1/4$
8-3/8$
8$
7.417$
8-1/4$
7.110$
Footnotes on following page.
Note
Note
Bill
Bill
Bill
Note
Note
Note
Bill
Note
Note
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
Note
Bond
Bill
Note
Note
Bill
Note
Bond
Note
Note
Bill
Note
Bill
Note
Note
Bill
Bill
Note
Bill
Note
Bond
Note
Bill
Note
Bill
_
_
_
-
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
8/31/79-T
9/30/81-K
9/15/77-Reopening
9/22/77-Reopening
9/19/78
9/30/79-U
10/1/82-E0
11/15/82-F
10/17/78
10/31/79-V
11/15/80-J
11/15/87-A
11/15/2002-07
11/15/77-Reopening
11/14/78
11/30/79-W
4/20/78-Reopening
12/31/81-L
12/12/78
12/31/79-X
2/15/93
1/09/79
1/31/80-K
5/15/81-M
2/6/79
2/15/85-A
5/15/2000-05
2/29/80-L
3/31/82-G
3/6/79
4/1/83-EA
4/20/78-Reopening
3/3l/80-C-Reopening
5/15/83-C
4/3/79
4/27/78-Reopening
4/30/80-N
5/1/79
5/15/88-A
8/15/95-00-Reopening
5/31/80-P
5/29/79
6/30/82-H
6/22/78-Reopening
Period to final
maturity
(year, months,
days) 2/
2y
4y lm
9d
I6d
364d
2y
5y
5y lm
364d
2y
3y
lQy
30y
8d
364d
2y
139d
4y lm
364d
2y
15y lm
364d
2y
3y 3m
7y
27y 3m
2y
4y lm
364d
5y
43d
2y
5y lm
2y
364d
24d
364d
4y lm
Cash
7,009
5,148
4,316
5,278
5,117
6,116
6,116
3,977
6,843
9,240p
4,255p
2,921p
6,416
5,693p
8,715p
7,406p
5,407p
5,826p
4,213p
2,966p
5,432p
6 ,652p
5,058p
5,517p
4,856p
3 ,377p
5,220p
5,8l7p
5,587p
-
7,284p
6,132p
5,586p
6,053p
10,867p
5,272p
4,638p
5,017p
3,100p
lQy
22y 3m
2y
Amount of sub
scriptions tendered
364d
20d
5,792p
5,767p
5,026p
12,285
Exchange
123
_
-
_
90
1
_
218
625
373
240
-
-
112
_
328
_
272
1,000
_
1,200
771
53
_
*
312
428
-
1,600
895
177
_
.
"
Amount issued 2l/
For
cash
3,359
2,968
901
903
3,036
3,771
2,737
3,162
4,116
3,9l8p
2,003p
l,254p
2,505
3,587p
4,671p
3,004p
3,436p
3,838p
3,560p
l,500p
3,156p
3,572p
2,504p
3,249p
3 ,000p
l,250p
3,742p
2,835p
3,3l6p
-
3,004p
3,690p
2,555p
3,343p
6,006p
2,730p
2,967p
2,502p
l,500p
2 ,898p
2,478p
2,257p
6,005
In exchange
Allot
ment
ratio
y
123
_
_
90
W
33/
60/
1
_
61/
218
625
£ 2/
373
6y
-
M/
112
£ 6/
240
_
m/
328
68/
_
272
62/
1,000
_
1,200
771
53
_
*
428
-
10/
11/
22/
22 /
iy
11/
16/
12/
18/
1,600
895
177
£L/
-
82/
_
_
72/
8Q/
June 19J8
37
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4.
Source:
Bureau of the Public Debt.
Note: All securities except EA & EO notes and those bearing footnote 5
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) of accepted bids. Other
securities issued at par except those bearing footnote 5 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued is in addition to the amount of
original offerings.
Jt/ For securities exchanged for the new issues see Table PD0-7.
1/ Sold at fixed price by subscription.
6/ 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.
7/ Yields accepted ranged from 7.35# (price 100.108) up to 7.42# (price
99.806) with the average at 7.40# (price 99.892).
8/ Yields accepted ranged from 6 .41# (price 99.935) up to 6.51# (price
99.751) with the average at 6.49# (price 99.788).
2/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00#).
10/ Yields accepted ranged from 7.00# (price 100.000) up to 7.09# (price
99.761) with the average at 7,05# (price 99.867).
H / Prices accepted ranged from 102.14 (yield 8.05#) down to 101.42
(yield 8 .12#) with the average at 101.75 (yield 8.09#).
22/ Yields accepted ranged from 6.57# (price 100.039) up to 6 .64# (price
99.925) with the average at 6.62# (price 99.957).
12/ Yields accepted ranged from 7.50# (price 99.990) up to 7.55# (price
99.818) with the average at 7.54# (price 99.853).
U J Yields accepted ranged from 6.71# (price 100.074) up to 6.80# (price
99.908) with the average at 6.76# (price 99.982).
Yields accepted ranged from 7.35# (price 100.101) up to 7.39# (price
99.940) with the average at 7.38# (price 99.980).
16/ Yields accepted ranged from 6.59# (price 99.837) up to 6.63# (price
99.765) with the average at 6.61# (price 99.801).
XL/ All accepted subscriptions were awarded at the price of 100.00
(yield 7.875#).
18/ Prices accepted ranged from 97.50 (yield 8.11#) to 96.36 (yield
8 .22#) with the average at 96.73 (yield 8.19#).
12/ Yields accepted ranged from 7.08# (price 100.082) up to 7.19#
(price 99.881) with the average at 7.16# (price 99.936).
20/ Yields accepted ranged from 7.68# (price 99.796) up to 7.73#
(price 99.625) with the average at 7.71# (price 99 .693).
21/ Yields accepted ranged from 6.96# (price 99.844) up to 7.01#
(price 99.752) with the average at 6.99# (price 99.789).
22/ Yields accepted ranged from 7.60# (price 100.076) up to 7.64#
(price 99.909) with the average at 7.63# (price 99.951).
21/ Yields accepted ranged from 6.90# (price 99.953) up to 6.96# (price
99.843) with the average at 6 .95# (price 99.861).
2 jJ Yields accepted ranged from 6 .88# (price 99.987) up to 6.92# (price
99.880) with the average at 6.91# (price 99.907).
21/ All accepted subscriptions were awarded at the price of 100.00 (yield
8.00#).
26/ Yields accepted ranged from 7.98# (price 100.215) up to 8 .03# (price
99.679) with the average at 8 .01# (price 99 .893 ).
27/ Yields accepted ranged from 6.59# (price 100.065) up to 6 .69# (price
99.880) with the average at 6.67# (price 99.917).
28/ Yields accepted ranged from 6.90# (price 99.903) up to 6.94# (price
99.764) with the average at 6.93# (price 99.799).
22/ Yields accepted ranged from 6.27# (price 99.963) up to 6.32# (price
99.870) with the average at 6.30# (99.907).
20/ Yields accepted ranged from 7.02# (price 99.894) up to 7.10# (price
99.557) with the average at 7.08# (price 99.641).
21/ Yields accepted ranged from 5.88# (price 99.991) up to 5.99# (price
99.787) with the average at 5.96# (price 99.842).
22/ Yields accepted ranged from 6.32# (price 99.811) up to 6 .37# (price
99.677) with the average at 6.36# (price 99.704).
22/ Yields accepted ranged from 7.00# (price 100.000) up to 7.02# (price
99.891) with the average also at 7.02#.
2A/ Prices accepted ranged from 101.05 (yield 7.77#) down to 100.58
(yield 7.82#) with the average at 100.79 (yield 7.80#).
21/ Yields accepted ranged from 5.76# (price 99.981) up to 5.94# (price
99.647) with the average at 5.86# (prifee 99.795).
16/ Yields accepted ranged from 5.87# (price 100.007) up to 5.92# (price
99.829) with the average at 5.91# (price 99.864).
12/ Yields accepted ranged from 5.29# (price 99.925) up to 5.38# (price
99.757) with the average at 5.37# (price 99.775).
18/ Yields accepted ranged from 6.15# (price 99.872) up to 6.20# (price
99.656) with the average at 6.19# (price 99.699).
22/ Yields accepted ranged from 5.94# (price 99.880) up to 5.99# (price
99 787) with the average at 5.97# (price 99.824).
40/ Yields accepted ranged from 6.65# (price 99.839) up to 6 .64# (price
99.625) with the average at 6 .62# (price 99.678).
41/ Yields accepted ranged from 7.21# (price 100.217) up to 7.27# (price
99.892) with the average at 7.25# (price 100.000).
42/ Yields accepted ranged from 7.58# (price 100.530) up to 7.63# (price
99.941) with the average also at 7.63#.
43/ Yields accepted ranged from 5.95# (price 99.861) up to 5.99# (price
99.786) with the average at 5.98# (price 805).
44/ Yields accepted ranged from 6.85# (price 100.074) up to 6.90# (price
99.898) with the average at 6 .88# (price 99.968).
45/ Yields accepted ranged from 5.99# (price 100.019) up to 6.03# (price
99.944) with the average at 6 .02# (price 99.963).
46/ Yields accepted ranged from 6.98# (price 100.058) up to 7.03# (price
99.846) with the average at 7.02# (price 99.889).
42/ Yields accepted ranged from 5.84# (price 100.065) up to 5.89# (price
99.972) with the average at 5.87# (price 100.009).
48 / Prices accepted ranged from 100.00 (yield 7.24#) down to 99.76 (yield
7.29#) with the average to 99.81 (yield 7.28#).
42/ Prices accepted ranged from 98.54 (yield 7.75#) down to 98.13 (yield
7.78#) with the average at 98.25 (yield 7.77#).
10/ Yields accepted ranged from 6.20# (price 99.861) up to 6.25# (price
99.768) with the average at 6.23# (price 99.805).
11/ Yields accepted ranged from 6.75# (price 99.984) up to 6.82# (price
99.738 ) with the average at 6.80# (price 99.808).
12/ Yields accepted ranged from 6.11# (price 100.028) up to 6 .14# (price
99.972) with the average at 6.14# (price 99.972).
11/ Yields accepted ranged from 7.27# (price 99.792) up to 7.30# (price
99.520) with the average at 7.29# (price 99.611).
14/ Yields accepted ranged from 6.25# (price 100.000) up to 6.35# (price
99.815) with the average at 6.34# (price 99.834).
15/ Yields accepted ranged from 6.78# (price 99.920) up to 6.85# (price
99.733) with the average at 6*84# (pri6e 99.760).
16/ Yields accepted ranged from 7.24# (price 100.054) up to 7.27# (price
99.892) with the average at 7.26# (price 99.946).
12/ Prices accepted ranged from 99.10 (yield 7.70#) down to 98.80 (yield
7.73#) with the average at 98.94 (yield 7.72#).
18/ Yields accepted ranged from 6.65# (price 99.954) up to 6 .68# (price
99.899) with the average also at 6 .68#.
12/ Yields accepted ranged from 6.80# (price 99.811) up to 6.85# (price
99.636) with the average at 6.84# (price 99.671).
60/ Yields accepted ranged from 6.71# (price 99.843) up to 6.75# (price
99.770) with the average at 6.74# (price 99.788).
61/ Yields accepted ranged from 7.15# (price 99.876) up to 7.20# (price
99.666) with the average at 7.18# (price 99.750).
62/ Yields accepted ranged from 7.20# (price 100.092) up to 7.29# (price
99.927) with the average at 7.27# (price 99.963).
61/ Yields accepted ranged from 7.22# (price 99.748) up to 7.25# (price
99.668) with the average at 7.24# (price 99.695).
64/ Yields accepted ranged from 7.66# (price 99.759) up to 7.71# (price
99.415) with the average at 7.69# (price 99.552).
65/ Yields accepted ranged from 7.92# (price 99.487) up to 7.95# (price
99.148) with the average at 7.94# (price 99.261).
66/ Yields accepted ranged from 7.12# (price 100.009) up to 7.14# (price
99.972) with the average at 7.13# (price 99.991).
62/ Yields accepted ranged from 7.29# (price 99.845) up to 7.32# (price
99.741) with the average at 7.31# (price 99.776).
68/ Yields accepted ranged from 7.16# (price 99.936) up to 7.23# (price
99.808) with the average at 7.20# (price 99.863).
69/ Yields accepted ranged from 7.92# (price 99.575) up to 7.96# (price
99.228) with the average at 7.95# (price 99.315).
20/ Yields accepted ranged from 7.52# (price 99.963) up to 7.56# (price
99.891) with the average at 7.55# (price 99.909).
21/ Yields accepted ranged from 7.50# (price 99.936) up to 7.55# (price
99.794) with the average at 7.53# (price 99.850).
22/ Prices accepted ranged from 100.80 (yield 7.85#) down to 100.58
(yield 7.89#) with the average at 100.65 (yield 7.88#).
22/ Prices accepted ranged from 100.73 (yield 8.18#) down to 100.01
(yield 8.25#) with the average at 100.13 (yield 8.23#
74/ Yields accepted ranged from 7.67# (price 99.818) up to 7.71# (price
99.845) with the average at 7.70# (price 99.863).
25/ Yields accepted ranged from 7.87# (price 99.997) up to 7.90# (price
99.894) with the average at 7.89# (price 99.928).
26/ Yields accepted ranged from 7.50# (price 100.000) up to 7.57# (price
99.872) with the average at 7.56# (price 99.891).
22/ Yields accepted ranged from 7.93# (price 99.740) up to 7.95# (price
99.657) with the average at 7.94# (price 99.698 ).
22/ Yields accepted ranged from 7.75# (price 100.000) up to7.82# (price
99.873) with the average at 7.80# (price 99.909).
22/ Yields accepted ranged from 8.26$ (price 99.933) up to 8.30# (price
99.665) with the average at 8.29# (price 99.732).
80/ Yields accepted ranged from 99.23 (yield 8.45#) down to 98.91 (yield
8 .48#) with the average at 99.02 (yield 8 .47#).
81/ Yields accepted ranged from 8.00# (price 100.000) up to 8.10# (price
99.819) with the average at 8.09# (price 99.837).
82/ Yields accepted ranged from 8.24# (price 100.013 ) up to 8.28#
(price 99.877)with the average at 8.27# (price 99.911).
*
Less than $500,000.
p
Preliminary.
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PBO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
$99,789
99.789
1978
6-7/8$
Note
6/30/78-N
6/30/76
1692
2,638
6-7/8$
Note
7/31/7 8-P
7/30/76
3,331
2,855
343
240
1,880
I
Effective
interest
rate
Eligible securities exchanged
Note
_
6/30/76-1
7-1/4$
4-1/4$
2/
Note
Bond
_
-
5/15/74-D
5/15/74
6.99$
6.99
8-3/4$
2/
99.861
6.95
2/
100.07
100.07
100.07
8.73,
8.73
8.73
Note
8/15/78-C
5/15/74
7-5/8$
Note
8/15/78-E
5/15/75
2,300
99.717
99.717
7.70
7.70
6$
2/
Note
5/15/75-B
6-5/8$
Note
8/31/78-Q
8/31/76
99.917
99.917
6.67
6.67
5-7/8$
2/
Note
8/3I/76-L
6-1/4$
Note
9/30/78-R
9/30/76
54
2,895
2,949
326
99.907
99.907
6.30
6.30
8-1/4$
2/
Note
9/30/76-J
99.842
99.842
5.96
5.96
6-1/2$
2/
Note
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
99.795
99.795
5.86
5.86
7-1/8$
2/
Note
99.899
99.775
99.775
8.14
5.37
5.37
7-1/4$
2/
Note
_
99.824
99.867
99.867
99.867
5.97
7.05
7.05
7.05
2/
6-1/4$
5-7/8$
2/
Note
Note
_
99.805
99.805
5.98
5.98
6$
2/
Note
2/28/77-F
99.963
99.963
6.02
6.02
6-1/2$
2/
Note
3/31/77-G
100.009
100.009
5.87
5.87
7-3/8$
2/
Note
4/30/77-H
99.937
101.95
99.805
99.805
7.89
7.52
6.23
6.23
2/
2/
6-3/4$
2/
99.731
99.972
99.972
7.83
2/
6.14
99.834
99.834
6.34
6.34
7-1/2$
2/
Note
99.907
88.907
6.91
6.91
7-1/2$
2/
Note
_
8/15/76-C
99.899
99.899
6.68
6.68
8-1/4$
2/
Note
_
8/31/77-L
8-3/4
2,462
2,855
5,155
2,868
3,195
5-7/8$
Note
10/31/78-G
11/1/76
{
2,8
10/31/76-0
2,921
6$
Note
ll/15/78-B
11/15/71
5-3/4$
Note
11/30/78-T
11/30/76
8-1/8$
5-1/4$
Note
Note
12/31/78-H
10/22/75
12/31/76
1979
5-7/8$
7$
Note
Note
5-7/8$
Note
6$
12/31/78-U
1/31/79-L
2/15/7 9-H
2/3/77
2A7/76
2/28/79-M
2/28/77
3/31/79-N
3/31/77
4/30/79-F
5/2/77
11/6/74
1/7/75
5/31/77
5-7/8$
Note
7-7/8$
Note
5/15/79-D
6-1/8$
Note
5/31/79-Q
633
3,109
1,446
602
841
509
1,067
8,207
136
2,805
2,941
2,517
252
3,124
3,376
I
2,885
368
1,232
3,092
4,692
150
2,695
2,845
523
2,995
3,519
110
1,882
1,992
1,016
1,253
190
1,898
7-3/4$
6-1/8$
6-1/4$
Note
Note
Note
6/30/79-B
6/30/79-R
7/31/79-S
7/9/75
6/30/77
8/1/77
6-7/8$
Note
8/l5/79-J
8/16/76
6-5/8$
Note
8/31/79-T
8/31/77
Footnotes at end of table.
1,782
264
2,044
2,308
/
C
65
3,115
700
2,289
2,989
123
3,359
3,4^1
1
6.14
_
_
_
-
-
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
11/30/76-N
12/31/76-K
2/15/76-A
2/15/76-F
Note
_
5/31/77-1
Note
-
6/30/77-J
7/31/77-K
June 1978
PIIBI.If! DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Date of
financing
Description of securities
Amount issued
(In millions)
Average price
per hundred
$ 2,081
90
3,771
3,861
218
4,116
$99,840
99.788
99.788
Effective
interest
rate
Eligible securities exchanged
1979
8-1/2#
6-5/8#
Note
Note
“
9/30/79-F
9/30/79-U
9/4/75
9/30/77
7-1/4#
Note
-
10/31/79-V
10/31/77
/
V
/
\
8.54$
6.74
6.74
2/
8-3/ 8#
2/
99.963
99.963
7.27
7.27
99.40
99.40
6.73
6.73
2/
100.88
100.88
6.82
6.82
4-1/2#
2/
Bond
11/15/73
U / 15/76-D
Note
-
9/30/77-M
7- 1/2#
2/
Note
-
10/31/77-N
4-7/8#
Note
-
2/15/73-D
4,334
6-5/8#
Note
_
11/15/79-B
2/15/73
r
'[
7#
Note
-
11/15/79-C
11/15/73
/
595
1,009
1,604
6-1/4#
Note
7-1/8#
Note
7-1/2#
\
11/15/76
220
2,021
,
/
V
2,241
70
3,306
3,376
99.704
99.704
6.36
6-1/4#
Note
6.36
2/
7.13
7.13
6-5/8#
2/
-
11/30/77-Q
4,679p
99.991
99.991
Note
[
99.863
99.863
7.51
7.20
7.20
7-1/4#
2/
Note
“
12/31/77-p
-
11/15/79-K
-
ll/30/79-W
-
1/6/76
1/3/78
f
V
328p
3,592p
^,920p
11/30/77
4,791p
2,006
100.00
2/
7-1/8#
Note
Note
-
12/31/7 9-G
12/31/79-X
1980
7-1/2#
Note
-
l/31/80-K
1/31/78
(
272p
3,603p
99.909
99.909
7.55
7.55
6-3/8#
£/
Note
-
l/31/ 78-J
6-1/2#
Note
-
2/15/80-G
2/15/77
/
V
3,875p
1,300
3,308
4,608
99.678
99.678
6.62
6.62
8#
Note
-
2/15/77-A
2J
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&G savings bonds
2/
99*863
99.863
7.70
7.70
8#
2/
Note
-
99.853
99.891
99.891
7.54
7.56
*7
6-3/4#
2/
Note
-
99.909
99.909
7.80
7.80
6-1/2#
2/
Note
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
5/15/73-E
99.837
99.837
8.09
8.09
7-1/8#
a/
Note
-
5/31/78-M
Note
-
8/15/74-B
Note
~
8/15/77-B
Note
-
11/15/77-E
Note
Bond
-
2/15/74-0
2A5/74
4#
Bond
-
7-5/8#
Note
_
2/L5/80 1/
2/29/80-L
J
\
1/23/59
12/15/62
2/28/78
r
/
\
f
\
884
^4
*
34
53p
3,763p
2/28/78-G
3,8l6p
f 3/17/76
7-1/2#
Note
7-3/4#
Note
3/31/80-0
_
^ 3/31/78
4/30/80-N
5/1/78
6-7/8#
Note
-
5/15/80-A
5/15/73
8#
Note
-
5/31/80-P
5/31/78
(,
1
/
j’
,!!
4,003i>
428p
2,746p
3,174p
2,636
2,585
2,043
7,265
177p
2,898p
3/31/78-K
4/30/78-L
3,074p
7-5/8#
9#
Note
Note
6-3/4#
Note
6-7/8#
7-1/8#
Note
Note
-
6/30/80-D
8/15/80-B
(
6/10/76
8/1V / 4
-
8/15/80-H
8/15/77
-
9/30/80-E
11/15/80-J
9/14/76
11A5/77
~
/
I
2,185
2,461
1,835
4,296
99.693
101.15
101.15
7.71
8.75
8.75
2/
[
^
425
3,708
99.760
99.760
6.84
6.84
7-3/4#
2/
r
4,133
2,141
625p
3,975p
4,600p
99.799
99.695
99.695
6.93
7.24
7.24
2/
7-3/4#
a/
2,692
99.867
5.91
2/
6.95
6.95
6.95
7-3/4#
4-1/8#
a/
\
5-7/8
1981
Note
-
12/31/80-F
12/7/76
7#
Note
-
2/15/81-A
2/15/74
1r
\
Footnotes at end of table.
25
302
1,5 15
1,842
100.28
100.28
100.28
5-5/8#
Z/
40
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
PDO-5. - Unmatured Marketable S ecurities Issued at a Premium or D iscount
Other than Advance R efunding O n e r o n s - C r m t i i r m p d
Date of
financing
Description of securities
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1981
7-3/8$
Note
2/15/81-C 2/
2/18/75
6-7/8$
7-3/8$
Note
Note
3/31/81-H
5/15/81-D
4/5/76
3/8/77
1/26/76
7-1/2$
Note
5/15/81-M
2/15/78
6-3/4$
7-5/8$
Note
Note
6/30/81-J
8/15/81-F
6/3/77
7/9/76
7$
Bond
8/15/81
6-3/4$
Note
9/3Q/81-K
9/7/77
7-3/4$
Note
11/15/81-B
11/15/74
$400
1,768
2,168
2,628
2,809
2,020
l,000p
2,890p
$99,453
99.453
7.49$
7.49
5-3/4$
2/
99.980
99.968
99.892
99.849
99.849
7.38
6.88
7.40
7.53
7.53
2/
2/
2/
6-1/4$
2/
99.808
99.951
99.20
99.20
99.20
6.80
7.63
7.11
7.11
7.11
2/
2/
8-1/4$
4$
2/
99.671
99.628
99.628
7.82
7.82
6.84
2/
5-3/4$
2/
Note
2/15/75-A
Note
-
2/15/78-A
Note
Bond
-
8/15/71-F
8/15/71
Note
-
11/15/74-A
Note
_
5/15/75-B
3,890p 4
7$
7-1/4$
1982
6-3/8$
6-1/8$
Note
Note
11/15/81-G
12/31/81-L
8/15/71
(
2,514
2,586
202
411
195
807
2,968
949
1,766
,
2,715
1,762
101.25
99.641
99.776
7.70
7.08
12/7/77
2,543
3,452p
7.31
2/
2/
2/
505
2,697
2,850p
100.60
99.699
99.928
6.34
6.19
7.89
2/
2/
2/
1,233
1,514
2,747
2,613
902
2,017
2.918
100.00
100.00
8.00
2/
6$
99.889
99.921
7.02
Z/
8.14
5-7/8$
Note
-
8/15/75-C
Note
_
11/15/75-D
Note
_
ll/15/76-D
3/19/75
10/12/76
Bond
Note
2/15/82 1/
2/15/82-D
7-7/8$
Note
3/31/82-G
5/15/72
1/6/77
3/6/78
8$
Note
5/15/82-A
5/15/75
7$
Note
5/15/82-E
4/4/77
8-1/8$
Note
8/15/82-B
8/15/75
7-7/8$
Note
11/15/82-C
11/17/15
384
2,518
2,902
99.762
99.762
7.92
7.92
7$
2/
7-1/8$
1983
7-7/
Note
11/15/82-F
10/17/77
2,737
99.750
7.18
2/
2,569p
50
2,259
2,309
99.698
99.891
99.891
7.94
7.02
7.02
2/
6-1/4$
2/
100.00
100.00
7.25
7.25
8$
2/
Note
99.81
99.81
7.28
7.28
9$
2/
Note
_
5/15/77-D
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$
a/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
_
-
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11A5/74
2A 5/ 75-A
2A 5/75-E
99.946
99.946
7.26
7.26
7-3/4$
2/
Note
_
8/ 15/77-B
100.65
100.65
7.88
7.88
6-1/4$
2/
Note
_
2/15/78-A
100.50
3.22
2/
7$
Note
5/15/83-C
4/5/78
Note
11/15/83-B
11/15/76
Note
2/15/84-A
1984
7-1/4$
6-3/8$
7-1/4$
2/15/77
Bond
Note
8/15/84
8/15/84-B
5/16/77
8/15/72
8/15/77
881
2,024
2,905 .
2,623
2,909
5,533
15
252
221
133
164
535
265
457
268
41
2,353
300p
2,563p
2A5/77-A
_
_
_
_
_
_
_
2,863p ,
1985
8$
Note
2/15/85-A
2A5/78
3-1/4$
Bond
5/L5/85
6/3/58
Footnotes at end of table.
l,200p
2,994p
4,194P
1,135
June 1978
41
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Description of securities
6-1/8$
1987
4-1/4#
7-5/8%
1988
4%
8-1/4%
11/15/86
Bond
8/15/87-92 I/,
Bond
Date of
financing
$98
487
187
58
36
268
58
24
1.216
11/15/71
8/15/62
Note
11/15/87-A
11/15/77
Bond
2/15/88-93
1A7/63
5
360
-2 8 L
373p
2,014P
2,3875?
Average price
per hundred
Effective
interest
rate
Note
5A5/88-A
Bond
8/15/88-93
59p
l,541p
2,544p
4,U4p
5/15/78
t
11/15/73
Eligible securities exchanged
5-3/8%
7-3/4%
4-3/4%
6-3/4#
5%
3-7/8%
4#
Note
Note
Note
Note
Note
Bond
Bond
_
$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
2/
101.00
4.19
4.19
4.19
i&
Note
-
3-1/4#
2/
Note
_
7.69
7.69
7-3/4#
2/
Note
11/15/77-E
4.01
8.29
8.29
8.29
2/
7-1/8%
|/7/8%
Note
Note
5/15/78-D
5A5/78-F
8-1/8%
4%
Note
Bond
87I5/73-B
8/15/73
I d . 00
101.00
99.552
99.552
---
8/15/73
7-1/2%
Amount issued
(In millions)
99.85
99.732
99.732
99.732
_
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
HA5/71
8/15/72
8/15/62-B
8A5/62-G
93
333
500
95.05
95.05
95.05
8.00
8.00
8.00
-2BL
136
302
100.14
100.14
7.78
7.78
4-1/8%
Bond
11/15/73
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4%
4-1/8%
Note
Bond
2/15/74-C
2/15/74
100.55
4.09
a/
Note
5/15/73-A
2/
2/
438
2/15/74
199*3
6-3/4#
7-7/8%
7%
f
Bond
-
5/15/89-94
4/18/63
300
Bond
_
5/15/90
4/7/75
1,247
99.455
8.31
2/
Bond
_
8/15/92
7/8/77
l,5Q4p
99.611
7.29
2/
Bond
Bond
Bond
-
2/15/93
2/15/93
5/15/93-98
1/10/73
1/6/78
5/17/76
627
l,501p
99.50
99.315
98.75
98.75
6.79
7.95
7.U
7.11
a/
2/
7- 3/ 4%
2/
5/15/74
279
309
102.85
102.85
8.21
8.21
4-1/4#
2/
Bond
-
5/15/74
486
400
98.70
98.70
5-5/8%
2/
Note
-
8/15/74-B
196
142
603
941
103.04
103.04
103.04
8.37
8.37
8.37
5-3/4#
3-7/8%
2/
Note
Bond
’
11/15/74-A
11/15/74
-
40
652
_6§2_
1994
......
8-1/2%
Bond
5/15/94-99
8/15/74
(
___
11/15/74
2/18/75
Bond
2/15/95-00
5/17/76
C
11/15/76
8/15/75
8-3/8%
Bond
150
752
902
99.191
99.191
7.95
7.95
5-3/4%
2/
Note
-
2/15/75-A
117
750
96.73
96.73
8.19
8.19
6-1/2%
2/
Note
-
5/15/76-B
100.79
99.327
99.327
7.80
8.^4
5.44
2/
5-7/8#
2/
Note
-
8A5/75-C
101.50
101.50
8.33
8.33
7%
a/
Note
-
11/15/75-D
99.02
99.02
c-iti
to to
1995
7-7/8%
7-1/8%
2/
Note
-
5/15/7&-D
99.893
99.893
99.893
8.02
8.02
8.02
7-1/2%
Note
Note
“
-3.631,001
313
801
1,114
150
8/15/95-00
1,001
133r "
895p
l,501p
2,396p
1996
8%
2/
tO A0
1989
4-1/8%
1990
8-1/4%
1992
7-1/4%
10
240
301
“53T-
Bond
Footnotes at end of tahle.
8/15/96-01
8/16/76
C
250
983
1,575
6-1/2%
a/
Treasury Bulletin
42
____________________ PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Date of
financing
Description of securities
Amount issued
(In millions)
2000
r
5/ 15/75
f
I
\
8-I/4#
Bond
-
5/15/00-05
/\
2/17/76
/
\
$220
630
754
1,604
215
402
617
Average price
per hundred
Effective
interest
rate
$99,450
99.450
99.450
8.30#
8.30
8.30
5-7/8#
6#
2/
Note
Note
-
5/15/75-F
5/15/75-B
101.75
101.75
8.09
8.09
6-1/4#
2/
Note
-
2/15/76-A
100.13
100.13
8.23
8.23
6-1/4#
2/
Note
-
2/15/78-A
2/L5/78
/
\
450p
l,575p
2,024p
f
\
99.941
99.941
7.63
7.63
8#
2/
-
2A5/77-A
5A6/77
/
<
^
98.25
98.25
98.25
7.77
7.77
7.77
6-7/8#
9#
2/
Note
Note
-
5/15/77-C
5/15/77-D
8/15/77
/
\
391
753
1,143
527
373
1,003
1,903
199
1,003
1,202
Note
2/15/77
98.94
98.94
7.72
7.72
7-3/4#
2/
Note
-
8/15/77-B
11A5/77
f
240p
l,255p
l,495p
99.261
99.261
7.94
7.94
7-3/4#
2/
Note
-
ll/15/77-E
2002
7-5/8#
7-7/8#
Bond
Bond
-
-
2/15/02-07
11/15/02-07
\
Eligible securities exchanged
1
1/ Additional issue.
2/ Issued for cash.
1/ Treasury Notes, 7-3/8# Series C-1981 and 7-3/8# Series E-1981
*
p
consolidated effective Sept. 1, 1976.
Less than $500,OCX),
Preliminary.
June 1978
43
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/
(In millions
dollars)
Issues
Date of
financ
ing
1/6/76
1/26/76
2/2/76
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
8/16/76
8/31/76
9/14/76
9/30/76
10/12/76
11/1/76
11/15/76
11/30/76
12/7/76
12/31/76
1/6/77
2/3/77
2/15/77
2/28/77
3/8/77
3/31/77
4/4/77
5/2/77
5/16/77
5/31/77
6/3/77
6/30/77
7/8/77
8 A/77
8A 5/77
8/31/77
9/7/77
10/31/77
11/15/77
11/30/77
12/7/77
1/3/78
1/6/78
1/31/78
2/15/78
2/28/78
3/6/78
3/31/78
4/5/78
Description of securities
7-1/2$
7-3/8$
6-3/8$
( 7$
< 8$
^8-1/4$
6-5/8$
7-1/2$
Note
Note
Note
Note
Note
Bond
Note
Note
- 12/31/79-G
- 5/15/81-D
- 1/31/78-J
- 2/15/79-H
- 2/15/83-A
- 5/15/00-05 8/
- 11/30/77-Q
- 3/31/80-C
6-3/4$
7-3/8$
f 6-1/2$
/ 7-7/8$
(7-7/8$
Note
Note
Note
Note
Bond
7-1/8$
7-5/8$
6-7/8$
7-5/8$
6-7/8$
Note
Note
Note
Note
Note
f6-7/8$
( 8$
VJ3$
6-5/8$
6-7/8$
Note
Note
Bond
Note
Note
U.S. Gov
ernment
accounts Commer
and
cial
Federal banks
Reserve 2/
banks 2J
12
11
33
70
24
5
11
22
4
9
3
6
23
8
33
34
23
8
10
5
9
2
44
15
13
16
5
15
18
14
74
44
54
26
58
24
51
33
43
72
21
5
7
16
23
9
3
2
20
16
40
13
6
17
'18
16
28
9
29
116
83
43
37
154
71
90
90
13
44
104
35
8
46
9
44
1
16
2
7
6
7
12
5
18
22
144
8
52
5
9
16
3
20
6
29
28
1
26
183
90
40
62
45
95
76
189
232
55
111
18
37
9
3
5
37
12
35
76
24
18
4
10
10
24
3*4
15
2
12
20
5
27
16
22
21
16
1
12
12
103
119
253
187
128r
159
164
239
246
7
14
3
18
27r
21
20
26
8
l,398r
555r
1,738
1,439
l,267r
242
l,565r
54
UOr
55
2^6
273r
72
22
184
87r
172r
25
159
293
476r
51
155r
3
1
1
1
2
4
4
35
*
*
1
*
1
1
194
7
3
2
2
1
7
16
42
7
7
5
36
38
17
1
36
165
267
184
189
149r
101
102
3
17
6
17
36r
7
26
1
*
4
13
6
106
1
154
17
16
13
9
14
4
1,305
1,888
1,310
72
217
104
9
9
5
24
18
20
118
214
85
16
9
21
10
2
2
12
13
7
97
-
2,274
4,747
751
300
472
117
-
2,485
2,185
2,639
2,586
2,855
300
472
117
9
26
17
122
2
23
44
1
82
692
-
82
692
-
1,329
1,116
1,415
1,161
1,663
68
178
134
94
59
3
19
6
18
12
13
16
12
13
20
2,289 ‘ 700
1,476
8,039
592
983
2,895
54
2,141
326
2,869
2,543
98
2,823
3,306
70
50
2,259
1,001
2,805
136
2,692
252
3,124
2,697
_
2,855
3,308
1,300
881
2,024
752
391
150
2,695
2,809
2,996
523
_
2,613
1,882
110
700
1,476
592
54
326
98
70
50
136
252
-
1,187
2,356
346
1,219
904
1,629
1,356
1,307
1,227
906
313
1,176
1,234
1,168
1,385
180
3,548
29
85
121
168
3
2
26
17-7/8$
7-1/8$
7-lA$
212
~
7-1/8$
7-7/8$
7-1/2$
j 7-1/2$
( 8$
\ 8-1/4$
y -5/8$
Note
Bond
Note
Note
Note
Bond
Note
3,592
1,501
3,603
2,894
3,003
1,254
3,767
328
_
272
1,000
1,200
771
53
328
_
272
1,000
1,200
771
53
2,853
3,695
2,573
_
312
-
312
7-7/8$ Note 7-1/2$ Note 7-7/8$ Note -
12/31/79-G
2/15/93
1/31/80-K
5/15/81-M
2/15/85-A
5/15/00-05 8/
2/29/80-L
3/31/82-G
3/31/80-C
5A5/83-C
19
117
5
11
119
126
l,ia
12
218
625
373
240
112
-
-
17
2
1,684
1,198
1,246
1,894
166
2,623
900
190
S -M
1 7-5/8$
■'T r
126
13
62
38
26
407
40
158
32
78
101
24
■ HT
672
22
116
97
2,910
1,004
1,897
2,514
2,044
1,504
3,115
3,708
2,563
1,003
3,358
2,968
3,771
2,737
4,116
3,975
2,014
1,255
4,679
3,452
6-3/4$
6-5/8$
7-1/8$
32
- 3/31/78-K
- 2/15/81-C
- 4/30/78-L
- 5/15/86-A
- 2/15/95-00 8/
1,300
881
391
150
523
110
-
264
65
425
300
199
123
90
218
625
373
240
2,623
900
190
264
65
425
300
199
123
90
_
Other
funds
40
121
1,030
-
11
11
Pension
and re
tire
ment
funds
*
25
22
-
Note
BoM
Note
Note
Note
Bond
Note
Note
Note
Bond
Note
11
State and local
governments £/
49
496
9
36
-
11/30/78-T
12/31/80-F
12/31/78-U
2A5/82-D
I/3I/79-L
2/15/80-G
2/15/84-A
2/15/02-07
2/28/79-M
3/31/81-H
3/31/79-N
5/15/82-E
4/30/79-P
77
25
52
122
2,285
8
61
162
152
Private
Mutual Corpo pension
and re
sav
rations tire
ings
banks 5/
ment
funds
29
101
32
-
-
U
Insur
ance
compa
nies
32
36
55
2,069
3,065
2,628
5/31/78-m
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
Indi
vidu
als
13
35
11
189
1,600
1,939
215
- 2A5/84-A 8/
- 2A5/02-07 £/
5/31/79-Q
- 6/30/81-J
- 6/30/79-R
8A5/92
7/31/79-S
8/L5/80-H
8A5/84-B
- 2A5/02-07 8/
- 8/31/79-T
Note - 9/30/81-K
Note - 9/30/79-U
Note - 11A5/82-F
10/31/79-V
i l l t : ll/15/80-J
Note - 11/15/87-A
Bonds - 11/15/02-07
Note - 11/30/79-W
Note - 32/31/81-L
f7-1/4$
1.7-5/8$
6-1/8$
6-3/4$
6-1/8$
7-1/4$
6-1/4$
1-3/4$
{ 7-1/4$
V7-5/8$
1-3/8$
1,010
1,121
1,252
-
1,675
1,761
91
1,508
- 8/15/79-J
- 8/15/86-B
- 8/15/96-01
8/31/78-Q
- 9/30/80-E
6-1/4$ Note - 9/30/78-R
7$
Note - 11/15/81-G
5-7/8$ Note - 10/31/78-S
f6-l/4$ Note - 11/15/79-K
\ 7$
Note - 11/15/83-B
^7-7/8$ Bond - 2/15/95-00 8/
5-3/4$ Note
5-7/8$ Note
5-1/4$ Note
6-1/8$ Note
5-7/8$ Note
C6-1/2$ Note
( 7-1/4$ Note
17-5/8$ Bond
5-7/8$ Note
6-7/8$ Note
6$
Note
7$
Note
5-7/8$ Note
Allotments by investor classes
Amount issued
In
exchange
For
cash
other
securi
ties
2,006
2,020
2,511
3,092
1,600
6,019
1,939
402
215
2,628
1,156
1,704
981
138
1,001
1,276
1,249
1,376
707
1,172
140
557
765
607
589
1,426
1,351
889
198
1,189
1,318
l,424r
1,014
1,793
l,860r
649
52fr
l,41Sr
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4,
%/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of nonmarketable 2-3/4$ Treasury bonds. Investment Series B-1975-80.
£/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Inclueds trust companies'and stock saving banks.
(J Inclueds partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
65
88
46
67
140
31
34
43
37
54
40
100
128
51
34
70
72
83
29
276
63
58
50
36
110
57
95
229
44
58
7
_
5
21
300
10
15
52
5
23
8
214
3
5
10
8
22
4
18344
12
7
20
18
12
2
2
26
34
2
5
5
2
2
39
6
*
*
1
4
*
*
39
40
*
3
1
14
6
2
5
*
_
1
-
2
1
9
3
7
*
*
2
3
3
3
98
11
12
8
46
36
*
7
7
Dealers
and
brokers
666
650
175
101
595
815
89
250
568
340
648
31
19
7
24
V
71
5
35
12
561
852
358
346
469
506
588
632
1,038
748
493;
179
479
673
’ 770
5
471
4
17
14
82
19
42
7
23
5
10
4
6
5
3
41
6
44
16
1
4
4
2
1
*
11
14
9
15
12
5
24
9
13
2
33
1
28r
10
12
14
6
7
*
20
All
other
2/
829
775
1,025
800
589
953
861
1,035
668
899
863
640
440
804
617
562
609
484
1,024
537
661
816
470
624
531
1,096
769
488
983
607
958
832
821
731
784
499
1,076
628
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
235
592
116
587
923
286
8
552
491
816
358
687
355
22
8
782
614
1,008
370
557
155
18
544
780
858
11
976
882
301
12
932
869
l080r
544
1,002
886r
98
8
1,289
l,0Ur
753i
939
17i
602
576
877
453
423
921r
85:?
12
713
790r l,08lr
833
314
640
454
L,0U
379
£/ Consists of trust, sinking, and investment funds of State and local
government and their agencies.
1/ 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/ Reopeing of earlier issue.
* Less than $500, 000.
r Revised.
Treasury Bulletin
44
, PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series—Continued
(In millions of dollars)
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
series 1/ ipation
series
Allotments by investor classes
52-week
series
(Percent)
1/13/76
2/10/76
3/9/76
1/11/77
2/8/77
3/8/77
5.578
5.572
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
Commer
cial
banks
Corpo
rations
2/
3,069
2,930
3.105
806
587
795
717
891
1,083
47
99
6.010
509
718
441
796
748
597
802
859
777
881
855
1,447
1,435
782
332
841
1,042
455
932
545
154
70
60
899
1,070
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/13/77
1/10/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
2/8/77
2/7/78
691
3/7/78
5.344
5.226
3.105
3/8/77
3,208
984
4/5/77
5/3/77
4/4/78
5/2/78
5.158
5.160
3,342
2,966
760
894
5/31/77
5/30/78
5.403
2,454
544
6/28/77
7/26/77
8/23/77
9/20/77
10A8/77
11A 5/77
12A3/77
1/10/78
2/7/78
6/27/78
7/25/78
5.408
5.648
2.253
3,038
8/22/78
9/19/78
10A7/78
11A4/78
12/12/78
1/9/79
2/6/79
6.105
6.156
6.619
6.542
6.545
6.552
6.814
3,005
3,036
3,162
3,587
3,838
857
934
679
863
902
826
981
3,205
3.253
913
644
3/7/78
4/4/78
5/2/78
3/6/79
4/3/79
5/1/79
6.859
6.877
7.073
3,321
3,346
3,025
959
Source:
Based on awbaoription and allotment reports. For detail of
offering see Table FD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
lj
*
986
934
646
956,
486
6
2
40
27
12
17
87
54
40
199
9
11
Dealers
and
brokers
943
786
971
556
567
250
395
528
1,137
1,095
1,034
951
1,356
802
1,425
698
584
501
387
314
336
914
707
786
739
406
1,134
555
27
424
980
2
80
844
83
890
860
6
1,061
957
1,127
1,227
740
927
804
3,377
1,088
957
423
1,053
22
24
41
27
40
27
45
11
292
485
568
513
1,010
932
333
911
All
other i j
423
592
945
850
893
944
1,123
530
951
558
517
547
452
509
246
368
870
662
516
542
327
441
534
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
Less than $500,000.
45
June 1978
PUBLIC DEBT OPERATIONS,
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Description
Issue
date
Results of ex*change offers
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Turned
Exchanged in for
cash 2/
1/13/76
1/31/76
2/10/76
2/15/76
2/15/76
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
6.378# Bill
6.560# Bill
5.313# Bill
6-1/4# Note
5-7/8# Note
5.6377. Bill
8#
Note
1-1/2# Note
6.474# Bill
5.823# Bill
4.834# Bill
6.400# Bill
6-1/2# Note
5-3/4# Note
6#
Note
5.803# Bill
-■1/13/76
- 1/31/76
-• 2/10/76
-. 2/15/76-A
~ . 2/15/76-F
-• 3/9/76
-• 3/ 31/ 76-H
-• 4/1/76-EA
• 4/6/76
■
-• 4/22/76
-• 4/22/76
-• 5/4/76
• 5/15/76-B
■
-• 5/15/76-E
-. 5/31/76-M
-■6/1/76
1/14/75
4/14/75
2/11/75
2/15/69
8/15/72
3/11/75
4/9/74
4/1/71
4/8/75
12/5/75
4/8/76
5/6/75
5/15/69
5/15/72
3/25/72
6/3/75
2,001
1,586
2,103
3,739
4,945
2,102
2,288
27
2,205
2,002
2,503
2,435
2,697
2,802
1,580
2,404
2,001
1,586
2,103
1,165
3,713
2,102
2,191
27
2,205
2,002
2,503
2,435
2,336
2,274
1,498
2,404
_
2,522 2 /
1,232 4/
97 5 /
361 6 /
528 2 /
82 8 /
“
_
_
-
6/29/76
6/30/76
7/27/76
8/15/76
8/15/76
6.292#
8-3/4#
6.782#
7-1/2#
6-1/2#
• 6/29/76
■
■6/30/76-1
■
• 7/27/76
■
. 8/15/76-C
■
•■8/15/76-G
7/1/75
5/15/74
7/29/75
10/1/69
2/15/73
2,591
2,703
2,293
4,194
3,883
2,591
2,011
2,293
3,434
2,216
_
692 2 /
1,102 IQ/
1,667 11/
-
8/24/76
. 8/24/76
7.331# Bill ■
8/26/75
2,893
2,893
-
-
-
8/31/76
5-7/8# Note ■
■8/31/76-L
3/3/75
1,662
1,608
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
11/18/75
9/8/71
4/8/75
12/16/75
12/31/74
1/13/75
2/10/76
2/15/70
3/3/75
3/9/76
3/31/75
4/1/72
4/6/76
4/30/75
5/4/76
2/15/74
8/15/74
6/1/76
5/27/75
2,860
2,023
11
3,062
1,579
3,245
4,325
1,507
3,253
2,282
3,069
2,930
5,163
1,665
3,105
2,576
5
3,203
1,579
3,335
2,565
5,329
2,921
2,137
2,860
1,697
11
3,062
1,481
3,245
4,205
1,371
3,253
2,030
3,069
2,930
2,591
1,515
3,105
2,053
5
3,203
1,469
3,335
2,038
2,333
2,921
1,947
54
_
326
_
98
120
_
-
_
-
2,612
2,170
2,977
1,516
4,918
2,953
2,021
2,917
3,226
17
3,095
3,156
2,612
1,906 •
2,977
1,451
3,994
2,953
1,898
2,917
3,136
17
3,095
2,938
Bill
Note
Bill
Note
Note
12/
9/21/76
9/30/76
10/1/76
10/19/76
10/31/76
11/15/76
11/15/76
11/30/76
12/14/76
12/31/76
1/11/77
2/8/77
2/15/77
2/28/77
3/8/77
3/31/77
4/1/77
4/5/77
4/30/77
5/3/77
5/15/77
5/15/77
5/31/77
5/31/77
7.340#
8-1/4#
1-1/2#
6.600#
6-1/2#
6.010#
6-1/4#
7-1/8#
6.440#
7-1/4#
5.578#
5.572#
8#
6#
6.010#
6-1/2#
1-1/2#
5.781#
7-3/8#
5.645#
6-7/8#
9#
6.309#
6-3/4#
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
9/21/76
•• 9/30/76-J
• 10/1/76-E0
■
•. 10/19/76
• 10/31/76-0
■
•• 11/15/76
•■11/15/76-D
•• 11/30/76-N
. 12/14/76
■
•• 12/31/76-K
•- 1/11/77
■
■2/8/77
•■2/15/77-A
• 2/28/77-F
■
■
• 3/8/77
- 3/31/77-G
■
•- 4/1/77-EA
•■4/5/77
- 4/30/77-H
■
•• 5/3/77
•- 5/15/77-C
■5/15/77-D
■
• 5/31/77
■
•- 5/31/77-1
6/28/77
6/30/77
7/26/77
7/31/77
8/15/77
8/23/77
8/31/77
9/20/77
9/30/77
10/1/77
10/18/77
10/31/77
6.082#
6-1/2#
5.739#
7-1/2#
7-3/4#
5.634#
8-1/4#
5.561#
8-3/8#
1-1/2#
5.126#
7-1/2#
Bill
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
•- 6/28/77
■6/30/77-J
■
- 7/26/77
■
■
• 7/31/77-K
- 8/15/77-B
■
- 8/23/77
■
•- 8/31/77-L
- 9/20/77
- 9/30/77-M
•- 10/1/77-E0
- 10/18/77
•- 10/31/77-N
6/29/76
6/30/75
7/27/76
7/31/75
8/15/70
8/24/76
8/29/75
9/21/76
9/30/75
10/1/72
10/19/76
10/31/75
11/15/77
11/15/77
11/30/77
- 11/15/77-E
7-3/4# Note ■
5.201# Bill •. 11/15/77
6-5/8# Note - 11/30/77-Q
11/15/74
11/15/76
3/3/76
3,630
3,402
2,628
2,392
3,402
2,516
1,238 21/
112 22/
12/13/77
12/31/77
1/10/78
1/31/78
2/7/78
2/15/78
2/28/78
3/7/78
3/31/78
4/1/78
4/4/78
4/30/78
5/2/78
5/15/78
5/15/78
5/30/78
4.708# Bill
7-1/4# Note
4.728# Bill
6-3/8# Note
5.344# Bill
6-1/4# Note
8#
Note
5.226# Bill
6-3/4# Note
1-1/2% Note
5.158# Bill
6-1/2# Note
5.1607. Bill
7-1/87. Note
7-7/87. Note
5.4037. Bill
12/14/76
12/31/75
1/11/77
2/2/76
2/8/77
2/15/71
10/7/75
3/8/77
3/31/76
3,505
2,765
3,071
2,511
3,105
8,389
2,115
3,208
3,162
3,505
2,437
3,071
2,239
3,105
5,418
2,062
3,208
2,850
_
328
_
275
2,971
53
_
312
4/1/73
4/5/77
5/17/76
15
3,342
2,574
15
^,34^5
2,146
5/3/77
2/JB/75
8/15/75
5/31/77
2,966
3,960
4,423
2.454
2,966
3,006
2,882
2,454
Footnotes on following page.
- 12/13/77
- 12/31/77-P
- 1/10/78
- 1/31/78-J
:« - a
- 2/28/78.g
- 3/7/78
- 3/31/78-K
•■ 4/1/78-EA
• 4/4/78
- 4/30/78-L
■5/2/78
■5/15/78-D
■5/15/78-F
■5/30/78
12/
14/
15 /
136 16 /
252
2,572
150
523
110
527
2,996
-
12/
18/
12/
20/
21/
22/
22/
190 z U
_
264
65
924
123
25/
26/
22/
22/
90 22/
218 22/
22/
24/
25/
26/
22/
428 22/
954 39/ j
1,541 40/
I
_
_
_
_
_
_
_
-
_
-
_
_
-
_
-
_
-
Description of new
securities offered
(See also Table HMD-4)
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Source
Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2/ Exchanged by Federal Reserve banks and Government accounts for
$368 million of 7% notes of Series H-1Q79, $1,939 million, of $% notes
of Series A-1983 and $215 million of 8-1/4$ bonds of 2000-05
issued February 17, 1976.
U Exchanged by Federal Reserve banks and Government accounts for 7%
notes of Series H-1979 issued February 15, 1976.
5/ Exchanged by Federal Reserve banks and Government accounts
For 6-3/4# notes of Series K-1978 issued March 31, 1976
6/ Exchanged by Federal Reserve banks and Covernment accounts for $276
million of 7-7/8# notes of Series A-19#6 issued 5/lr/r76 and 4H' mil
lion of 7-7/8* >onds of 1995-20000 issued Mav 17, 1976.
7/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/27. notes of Series L-1978 and $196 million of 7-7/87.
notes of Series A-1986, and $32 million of 7-7/87. bonds of 1995-2000
issued May 17, 1976.
8/ Exchanged by Federal Reserve banks and Government account- for ''-1/"*
notes of Series M-1978 issued Tune 1, 19"^.
2/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8%
notes of Series N-1978 issued June 30.
10/ Exchanged by Federal Reserve banks and Covernment accounts for $700
million of 6-7/8% notes of Series J-1979, $60 million of 8% notes of
Series B-1986, and 4342 million 8% bonds of 1996-2001 issued August It
1976.
11/ Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 8% notes of Series B-1986 and $250 million of 8% bonds of
1996-2001 issued August 16, 1976.
12/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8%
notes of Series Q-1978 issued August 31, 1976.
13/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4%
notes of Series R-1978 issued September 30, 1976.
14/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8%
notes of Series S-1978 issued November 1, 1976.
15/ Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-I/4# notes of Series K-1979 and $50 million of 77.
notes of Series B-1983 issued Novenber 15, 1976.
16/ Exchanged by Federal Reserve banks and Government accounts for 5-3/4%
notes of Series T-1978 issued November 30, 1976.
17/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4%
notes of Series U-1978 issued December 31, 1976.
18/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-l/2% notes of Series C-1980, $881 million of 7-1/4%
notes of Series A-I984 and $391 million of 7-5/8% bonds of 2002-2007
issued February 15, 1977.
19/ Exchanged byFederal Reserve banks and Government accounts for 5-7/8%
notes of Series M-1979 issued February 28, 1977.
20/ Exchanged by Federal Reserve banks and Government accounts for 6%
noces of Jerifcd N-19/9 issued March 31. 1977.
21/ Exchanged by Felerdl Reserve banks and Covernment accounts for 5-7/8%
notes of Series P-1979 issued May 2, 1977,
22/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8%
bonds of 2002-2007 issued May 16, 1977.
23/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 7-1/4% notes of Series A-I984 and $373 million of 7-5/8%
bonds of 2002-2007 issued May. lo, 1977.
24/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8%
notes of Series Q-1979 issued May 31, 1977.
25/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8%
notes of Series R-1979 issued June 30, 1977.
26/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4%
notes of Series S-1979 issued August 1, 1977.
27/ Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/4# notes of Series H-1980.$300 millions of 7-1/4#
notes of Series B-I984, and $199 of 7-5/8% bonds of 2002-07
issued August 15, 1977.
28/ Exchanged by Federal Reserve banks and Covernment accounts for 6-5/8%
notes of Series T-1979 issued August 31, 1977.
29/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8%
notes of Series U-1979 issued September 30, 1977.
20/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4%
notes of Series V-1979 issued October 31, 1977.
21/ Exchanged by Federal Reserve banks and Government accounts for $625
million of 7-1/8% notes of Series J-1980, $373 million of 7-5/8% notes
of Series A-1987 and $240 million of 7-7/8% bonds of 2002-07 issued
November 15, 1977.
32/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8%
notes of Series W-1979 issued November 30, 1977
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2%
notes of Series X-1979 issued January 3, 1978.
2k/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2%
notes of Series K-1980 issued January 31, 1978.
21/ Exchanged by Federal Reserve banks and Government accounts for $1,000
million of 7-1/2# notes of Series M-1981, $200 million of 8#
notes of Series A-1985 and $771 million of 8-1/4# bonds of 2000-05
issued February 15, 1978.
26/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8%
notes of Series L-1980 issued Frbruary 28, 1978.
22/ Exchanged by Federal Reserve banks and Government accounts for an
additional amounts of 7-1/2% notes of Series C-1980 issued March 31,
1978.
38/ Exchanged by Federal Reserve banks and Government accounts for 7-3/4%
notes of Series N-1980 issued May 1, 1978.
2.9/ Exchanged by Federal Reserve banks and Government accounts for $59
million of 8-1/47. notes of Series A-1988 and $895 million of 8-3/87»
bonds of 1995-2000 issued May 15, 1978.
40/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4%
“
notes of Series A-1988 issued May 15, 1978.
June 1978
47
_______________PUBLIC DEBT OPERATIONS____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. dollars; dollar amounts In millions)
Amount
Month of
activity
Securities
Bills
1976-Jan............
Certificates of indebtedness
Issue
date
Maturity
date
7/10/75
10/09/75
10/16/75
1/08/76
1/08/76
1/15/76
w
m
10/28/75
l^?t
1/29/76
1/29/76
2/05/76
'5/06/76
,7/08/76
4A5/76
4/15/76
4/22/76
2/26/76
2/26/76
1/27/76
1/23/76
12/05/76
1/29/76
10/31/77
8/15/78
11/15/78
2A3/76
2/05/76
2/26/76
2/26/76
3/04/76
5A3/76
3/25/76
6/24/76
7/29/76
2/05/76
2/06/76
2/13/76
2/13/76
2A3/76
5/05/76
5/05/76
5/05/76
5/13/76
5A3/76
5/13/76
5/13/76
5/13/76
5A3/76
3/04/76
3/25/76
8/05/76
9/02/76
12A4/76
5/05/76
5/13/76
5A 3/76
5A3/76
5/13/76
6/09/76
6/16/76
6/18/76
6/18/76
3/22/76
2/15/83
4/08/76
4A5/76
4/15/76
4/22/76
10/07/76
10A4/76
5/06/76
5/06/76
6/09/76
6A6/76
6/18/76
1/31/78
5/06/76
5A3/76
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
^ 1/29/76
7/29/75
12/02/75
12/02/75
Notes
m
Bills
Feb............
Certificates of indebtedness
b
Bills
Mar............
Certificates of indebtedness
Notes
►
Bills
At>r.............
Certificates of indebtedness
Notes
Bills
*10/24/74
1/29/76
1/29/76
1/29/76
*11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
I 2/26/76
V 2/26/76
^12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
2/06/76
2/13/76
2/L3/76
2/13/76
2/13/76
2/13/76
^ 2/13/76
f 9/04/75
I 2/26/76
< 3/04/76
3/04/76
3/25/76
2/05/76
2A3/76
2/13/76
2/13/76
< 2/13/76
3/09/76
3/16/76
3/18/76
n 3/19/76
, 7/19/72
3/22/76
10/09/75
1/15/76
; 1/15/76
1 1/22/76
4/08/76
„ 4A5/76
2/06/76
2/06/76
3/09/76
3/16/76
3/18/76
4/01/76
f 2/06/76
1 2A3/76
5/06/76
t 5/L3/76
f 2/06/76
2/13/76
2A3/76
2/13/76
2/13/76
11/12/76
5/06/76
5A3/76
5A3/76
5A3/76
5A3/76
Interest
rate
(percent)
Issued
_
-
Total outstanding
end of month
Retired
74
41
185
40
80
-
'
'
,
'
6.70
5.90
5.60
7.80
7.50
7.625
6.00
_
5.60
5.60
5.30
5.30
5.18
1 4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
40
40
35
187
163
97
40
120
_
-
50
50
150
40
236
40
60
60
..
42
48
54
20
163
26
196
15
40
40
40
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
5.00
5.75
7.60
_
-
4.85
4.85
5.10
5.00
5.00
6.375
-
4.85
4.90
4.90
4.90
4.90
-
11
13
4
26
_
500
-
43
192
_
-
100
_
-
40
243
_
_
-
-
-
-
_
>
20,002
40
20
25
175
233
40
40
120
42
48
163
15
196
15
""
80
40
*
20,090
«<
27
26
6
9
5
500
►
20,070
>
20,013
<
42
163
187
97
-
20
19
11
13
4
-
40
236
9
15
54
147
15
*
48
Treasury Bulletin
__________ PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
^Pa/aVic in i,.0 . j, j
Month of
activity
■ Issue
date
Securities
1976-May...........
2/13/76
3/19/76
5/06/76
5/06/76
5/13/76
5/13/76
5/13/76
5A3/76
5A3/76
f 12/04/76
j 1/08/76
\ 2/26/76
V. 6/03/76
5/13/76
(
J
Certificates of indebtedness
»•
Bills
June..........
Certificates of indebtedness
Notes
>
Bills
Certificates of indebtedness
July..........
Notes
s»
Bills
Aug...........
Certificates of indebtedness
Notes
►
Bills
Certificates of indebtedness
Sept..........
Notes
Bills
Certificates of indebtedness
Oct...........
Notes
V
Bills
6/25/76
6/25/76
V, 6/28/76
( 2/26/76
/ 4/15/76
1 7/15/76
V* 7/29/76
5/13/76
\ 5/13/76
f
f
f
J
<
I
L
7/07/71
7/14/71
1/23/75
7/07/76
7/14/76
f
3/4/76
7/29/76
8/5/76
p 8/26/76
5/13/76
5A3/76
5/13/76
8A3/76
8/13/76
, l(‘
,"etr d ’
oirJ j in mill Lot,s )
lllaturity
date
5A3/76
6/18/76
8/06/76
8/06/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
6/03/76
7/08/76
6/24/76
12/02/76
8/13/76
6/25/76
11/15/82
3/31/78
7/29/76
7/15/76
10/14/76
8/26/76
8/13/76
8/13/76
7/07/76
7/L4/76
8/15/76
8/15/76
8/15/76
8/5/76
8/26/76
9/2/76
9/30/76
8/13/76
8/13/76
8/13/76
11/12/76
11/12/76
8/6/76
8/9/76
8/9/76
8/10/76
* 8/28/75
8/28/75
1 10/2/75
V. 10/2/75
/•
3/04/76
< 8/05/76
9/02/76
,* 8/13/76
^ 8/13/76
, 3A5/72
9/15/76
4/08/76
4/15/76
7/15/76
10/07/76
10/14/76
10A4/76
^10/14/76
8/13/76
8/13/76
10/01/76
10/29/76
10/29/76
10/29/76
^10/29/76
9/02/76
9/02/76
9/30/76
9/21/76
9/24/76
9/15/76
2/15/81
10/07/76
10/14/76
10/14/76
1/06/77
4A4/77
1/13/77
1/13/77
11/12/76
11/12/76
11/09/76
1/28/77
4/29/77
7/29/77
10/28/77
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
^0/29/76
5/06/76
5A3/76
11/04/76
11/12/76
9/30/78
8/15/81
1/30/78
4/28/78
9/28/78
10/30/78
1/29/79
4/30/79
7/30/79
10/29/79
11/04/76
11/12/76
2/03/77
5/12/77
Interest
rate
(percent)
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
_
_
5.10
6.65
7.60
6.75
_
_
5.10
5.10
6.85
6.80
7.50
7.65
7.55
5.10
5.10
5.10
5.20
5.20
8.25
6.50
7.125
7.25
Amount
Issued
_
-
9
_
54
147
15
196
_
_
_
47
_
600
100
_
_
167
60
_
_
_
_
200
200
_
20
60
_
62
211
_
-
60
2.50
7.375
160
_
_
_
_
_
-
43
197
169
-
5.20
5.20
5.10
4.95
5.25
5.35
5.50
200
143
144
144
144
6.25
7.625
5.70
5.80
5.95
6.00
6.05
6.15
6.20
6.25
400
100
96
96
96
96
48
48
48
48
_
-
_
_
_
_
_
40
250
Total outstanding
end of month
Retired
196
26
9
_
54
47
35
60
20
600
_
-
►
19,916
*
19,901
►
19,758
►
19,368
J
60
165
_
25
20
200
200
100
40
60
82
15
196
_
75
75
100
100
40
20
*
-
10
25
158
►
19,215
*
43
192
167
_
_
_
169
15
196
_
_
.
►
_
_
_
_
_
_
_
_
-
40
243
<
20,691
June 1978
49
_ _ _ _ _
PUBLIC DEBT OPERATIONS____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries—Continued
(Payable In U.S. dollars; dollar amounts in millions)
Month of
activity
1976-No v ...........
Securities
^ Certificates of indebtedness
Notes
>
Bills
Dec........
.
...........
Certificates of indebtedness
Notes
Bills
1977-Jan............ [ Certificates of indebtedness
Notes
r
Bills
Certificates of indebtedness
Feb...........
Notes
y
Bills
Certificates of indebtedness
lifer...........
Notes
Bills
Apr............
Certificates of indebtedness
Notes
^Bonds
Bills
May ............
Certificates of indebtedness
Notes
f
Bills
Certificates of indebtedness
date
, 11/04/76
V.ll/12/76
( 3/25/76
6/03/76
) 12/02/76
12/09/76
12/14/76
12/28/76
>
10/01/76
( 10/29/76
ML2/01/76
I 5/29/75
\l0/30/75
11/12/76
1/28/77
3/31/77
11/15/81
11/15/81
12/14/76
12/02/76
6/02/77
3/10/77
4/14/77
3/31/77
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
'10/07/76
1/06/77
1/06/77
6/09/77
10/29/76
12/31/76
5/29/75
I 1/28/77
J 11/04/76
< 2/03/77
1 2/23/77
10/29/76
1/28/77
3/31/77
1/28/77
5A5/82
\ 8/13/76
(^10/29/76
f 10/30/75
f 5/29/75
/ 10/02/75
V. 2/28/77
f 12/09/76
. 12/28/76
> 2/23/77
10/29/76
f 7/19/72
9/15/72
5/27/75
3A0/77
3/15/77
3/22/77
3/25/77
^ 3/ 31/77
f 10/14/76
I I2/L4/76
< 2/23/77
4/L4/77
V, 4/14/77
10/29/76
r 5/27/75
( 6/19/75
V. 4/27/77
4/19/77
(11/12/76
2/03/77
; 2/23/77
] 5/05/77
5/12/77
^ 5/26/77
<
\ Notes
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
3A0/77
3/31/77
5/26/77
4/29/77
3/22/77
3/15/77
3/25/77
3/31/80
3/31/80
2/15/84
11A5/79
12/31/80
4A4/77
4A4/77
5/26/77
10/13/77
10/13/77
4/29/77
4/27/77
4/19/77
8/15/81
2/15/82
Interest
rate
(percent)
5.20
4.95
6.50
7.75
7.75
_
-
-
-
5.10
4.95
4.30
6.65
7.375
I
4.95
4.30
6.65
8.00
5.25
6.90
6,00
9.00
_
-
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
_
-
5.25
6.90
6.79
7.625
6.375
,
_
-
10/29/76
f 1/09/75
5/27/75
J 6/19/75
\ 5A6/77
5/19/77
^ 5/27/77
12/02/76
I V O 6/77
( 5/26/77
| 6/02/77
L 6/09/77
5/L2/77
5/05/77
5/26/77
8/04/77
llAO/77
8/25/77
7/29/77
5/15/77
5/27/77
5A9/77
1/31/79
2/15/82
1A5/83
6/02/77
8/09/77
8/25/77
12/01/77
9/08/77
5.35
6.875
7.00
6.79
5.875
6.375
8.00
10/29/76
6/26/72
6/05/75
/ 6/19/75
] 11/28/75
^ 6/03/77
7/29/77
6/27/77
6/04/77
6/20/77
6/30/77
3/31/81
5.35
5.95
6.90
6.83
6.50
6.875
f
June *
Maturity
date
_
-
Amount
Issued
-
-
200
200
_
47
240
40
300
_
15
43
_
_
300
_
40
30
_
_
300
_
200
100
500
260
500
-
-
202
40
27
36
125
40
47
-
-
-
-
200
60
300
150
47
15
300
40
45
300
100
240
300
5
56
500
157
260
_
197
40
7
-
40
256
10
-
-
45
100
300
300
-
-
AAQ
<90
cvj,007
►
20,575
H
J
20,617
►
-
>
20,469
*
20,423
*J>
II
-
10
-
56
600
200
300
100
200
^
-
250
40
18
47
43
«<
-
-
_
20,753
43
42
300
303
100
300
300
20,908
)
-
_
-
300
200
Total outstanding
end of month
Retired
“
"
^
20,357
50
Treasury Bulletin
PTTWT.TP DEBT OPERATIONS
T a ble PDO-8. - Foreign Series S ecu rities (N onm arketable)
Issued to O fficia l In stitu tio n s o f Foreign C ountries—C on tin u ed
(Pa/a1’
ic In ..vj, ic^iais; iO*.lax amounts lu miJtions)
Month of
activity
Securities
Issue
date
Maturity
date
Interest
rate
(percent)
Amount
Issued
I 6/20/77
6/27/77
6/30/77
{.6/30/77
Bonds
Certificates of indebtedness
1977-July..........
Notes
>
Bills
Aug...........
* Certificates of indebtedness
6/27/77
fio/29/76
1 7/20/77
7/21/77
7/26/77
I 7/28/77
7/02/72
7/14/72
1/15/73
7/17/75
11/28/75
7/07/77
7/14/77
7/15/77
7/18/77
/ 5/05/77
\ 8/04/77
n.0/29/76
I 7/20/77
< 7/21/77
1 7/26/77
yi/ZZ/77
Notes
fBills
Sept.......... / Certificates of indebtedness
Notes
f
►
Bills
Certificates of indebtedness
Oct......... ..
Notes
>
Certificates of indebtedness
Nov............
Notes
>
Bills
/ 12/I 9/74
< 8/01/77
^ 8/01/77
f 6/09/77
' ^ 9/08/77
10/29/76
'"7/19/72
9/04/75
. 9/06/77
9/07/77
9/07/77
k9/22/77
4/14/77
4/14/77
10/13/77
10/13/77
10/29/76
10/05/77
10/06/77
1 10/14/77
10/17/77
10/24/77
10/26/77
1/09/75
1/23/75
11/28/75
12/18/75
\ 12/18/75
1/29/76
1/29/76
I 1/29/76
f 5/12/77
11/10/77
111/28/77
11/28/77
/11/28/77
11/02/77
11/14/77
11/22/77
11/25/77
p.2/14/74
10/29/76
Sll/ 28/77
f 6/02/77
12/01/77
*•12/05/77
12/06/77
12/07/77
12/08/77
12/09/77
12/12/77
12/13/77
12/14/77
11/15/83
5/15/81
4/30/79
11/15/79
8/15/84
7/29/77
10/20/77
10/21/77
10/26/77
10/28/77
7/07/77
7/14/77
7/15/77
7/18/77
7/31/77
11/15/83
11/15/83
2/15/84
12/31/79
8/04/77
1 2/02/78
10/28/77
10/20/77
10/21/77
10/26/77
10/28/77
8/15/77
5/31/79
2/15/80
, 9/08/77
3/09/78
! 10/28/77
1 9/22/77
9/05/77
«
5/15/80
,j 8/15/84
j 10/13/77
1I 10/13/77
-I 4A3/78
;1 4/13/78
| 10/28/77
1 1/05/78
:; 1/06/78
-j 1/13/78
i' 1/17/78
: 1/24/78
,i 1/26/78
2A5/7 8
2/15/78
,1 10/31/77
5A5/78
!I 8/15/78
1 11/15/78
*! 8/15/78
| 10/31/77
; 11/10/77
1 5/11/78
11/30/77
1/03/78
11/30/77
2/02/78
2/14/78
2/22/78
2/24/78
11/15/77
1/30/78
1/31/78
12/01/77
3/02/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3/13/78
3A3/78
3/14/78
i
7.0
6.50
5.875
6.25
6.95
5.35
5.25
5.25
5.20
5.20
5.90
5.875
2.50
7.50
7.50
6.90
6.90
7.25
7.50
_
5.50
5.25
5.25
5.20
5.20
7.75
6.125
6.50
5.50
5.90
7.85
6.875
7.50
6.875
7.20
_
5.50
6.10
6.10
6.15
6.15
6.20
6.20
6.25
6.25
7.50
7.125
7.625
6.00
7.625
7.50
-
-
_
6.30
6.20
6.10
6.10
7.75
5.70
6.375
_
6.05
6.05
6.05
6.05
6.05
6.05
6.10
6.10
300
300
50
50
300
_
22
4
4
4
_
-
42
_
-
_
_
_
200
200
156
447
100
_
40
200
200
150
400
40
_
_
-
_
50
50
_
43
_
_
_
200
300
200
500
40
209
_
27
9
49
17
18
17
_
_
_
_
_
_
265
300
300
45
19
13
45
_
-
300
47
36
12
62
21
46
28
30
18
Total outstanding
end of month
Retired
>
20,197
_
_
-
56
22
4
4
4
150
_
-
►
20,055
43
45
500
200
40
202
_
-
►
20,510
«<
42
_
_
_
100
100
100
150
100
100
50
50
256
_
>
19,861
*4
_
300
_
_
_
-
100
37
47
-
—
>
20,455
*
June 1978
51
PUBLIC DEBT OPERATIONS______________________
T a b le PDO-8. - Foreign S eries S e cu ritie s (N onm arketable)
Issu ed to O ffic ia l In s titu tio n s o f Foreign C ou n tries—C on tin u ed
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1977_Dec..........
Securities
[ Certificates of indebtedness
Notes
>
Bills
Certificates of indebtedness
1978-Jan..........
Notes
>*
Bills
Feb.......... c Certificates of indebtedness
Notes
date
112/15/77
12/16/77
12/19/77
12/20/77
12/21/77
12/22/77
12/23/77
12/27/77
^12/30/77
3/15/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/20/78
6/29/73
12/16/75
10/29/76
.12/12/77
12/12/77
12/12/77
V12/19/77
11/28/77
1.0/05/77
10/06/77
10/14/77
10/17/77
10/24/77
10/26/77
1/03/78
1/05/78
1/06/78
1/09/78
1/10/78
1/12^78
1/13/78
1/16/78
1/17/78
1/24/78
1/25/78
1/26/78
^ 1/26/78
4/01/76
10/29/76
11/28/77
1/04/78
( 1/06/78
1/06/78
1/06/78
1/31/78
1/31/78
/ 8/04/77
, 2/02/78
^.1/02/77
11/14/77
11/22/77
11/25/77
2/01/78
2/02/78
2/14/78
2/14/78
2/16/78
2/16/78
2/17/78
2/21/78
2/21/78
2/22/78
2/23/78
2/24/78
2/24/78
2/27/78
2/28/78
f 6/28/76
JlO/29/76
\ 12/19/77
12/29/77
12/16/77
1/30/78
7/31/79
8/31/79
9/30/79
2/28/78
1/03/78
1/65/78
1/06/78
1/13/78
1/17/78
1/24/78
l/2>6/78
4/03/78
4/05/78
4/06/78
4/10/78
4/L0/78
4/12/78
4/13/78
4/17/78
4/17/78
4/24/78
4/25/78
4/26/78
4/26/78
1/31/78
1/30/78
1/31/78
3/31/78
1/31/78
2/28/178
1/31/78
11/30/79
12/31/79
2/02/78
8/03/78
2/02/78
2/14/78
2/22/78
2/24/78
5/02/78
5/02/78
5/16/78
5A6/78
5/16/78
5/16/78
5A7/78
5/22/78
5/22/78
5/22/78
5/23/78
5/24/78
5/24/78
5/26/78
5/29/78
3/31/78
4/28/78
2/28/78
3/31/78
2/28/78
l
>
Bills
m
"9/08/79
12/01/77
3/02/78
3/09/78
3/21/78
3/21/78
3/27/78
3/27/78
3/30/78
3/30/78
v»
3/09/78
3/02/78
3/31/78
9/07/78
3/31/78
3/31/78
3/31/78
3/31/78
6/22/78
6/29/78
Amount
Interest
Maturity
date
(percent)
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
2.50
7.30
5.70
6.25
6.625
6.625
8.00
-
1
1
!
I
6.15
6.10
6.15
6.15
6.20
6.20
6.15 '
6.15
6.15
6.15 '
6.70
6.70
6.70
6.70
6.55
6.45
6.45
6.45
6.45
6.375
5.70
6.375
6.75
6.375
8.00
6.375
7.125
7.125
_
6.30
6.20
6.10
6.10
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.45
6.75
5.80
8.00
6.75
8.00
_
”
Issued
33
23
16
14
24
8
59
27
84
_
50
50
50
300
_
_
3
67
9
178
75
146
269
86
74
18
29
33
19
_
300
100
100
_
50
50
_
40
_
7
45
29
2
21
122
33
27
263
13
92
45
64
17
23
_
_
_
47
43
250
_
150
350
300
Total outstanding
end of month
Retired
1
^
21,018
_
_
199
200
30
_
300
27
9
49
17
18
17
_
_
_
100
29
300
_
_
100
-
21,659
40
-
45
19
13
45
_
-
_
_
100
30
300
300
100
43
47
_
250
150
~
^
*
21,510
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
T a b le PD O-8. > Foreign S eries S e c u ritie s (N on m ark etable)
Iss u e d to O ffic ia l In s titu tio n s o f Foreign C ou n tries—C o n tin u e d
(Pavab-u- u i.,^ ii-jjetr-r, aoLiar amounts in millions)
Amount
Month of
activity
Securities
1978-Mar..........
Certificates of indebtedness
Notes
s*
Bills
Certificates of indebtedness
Apr..... .
Issue
date
Maturity
date
12/05/77
12/06/77
12/07/77
12/08/77
12/09/77
12/12/77
12/13/77
12/14/77
12/15/77
12/16/77
12/16/77
12/19/77
12/20/77
12/21/77
12/22/77
12/23/77
12/27/77
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3A3/78
3A3/78
3/14/78
3/15/78
3/16/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/30/78
6/02/78
6/02/78
6/06/78
6/06/78
6/07/78
6/08/78
6/09/78
6/13/78
6A3/78
6/14/78
6/15/78
6/15/78
6/15/78
6A6/78
6A6/78
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/78
6/28/78
6/29/78
6/29/78
6/30/78
3/22/78
4/28/78
2/15/85
4A3/78
4/13/78
10/12/78
10/12/78
4/03/78
4/05/78
4/05/78
7/05/78
4/06/78
4/10/78
4-A0/78
4/10/78
4A0/78
4/12/78
4/L2/78
4A3/78
4A3/78
4A3/78
4/17/78
4A7/78
4A7/78
4A7/78
4/17/78
4/24/78
4/25/78
4/25/78
4/26/78
4/26/78
4/26/78
4/26/78
7/03/78
7/05/78
7/05/78
7/05/78
7/05/78
7/06/78
7/06/78
12/30/77
3/02/78
3/02/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3A3/78
3/13/78
3A4/78
3/15/78
3A5/78
3/15/78
3A6/78
3/16/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/29/78
3/29/78
1 3/30/78
f 7A9/72
\ 10/29/76
13/22/78
flO/13/77
/10A3/77
\ 4/13/78
1 4/13/78
"*1/03/78
1/05/78
1/05/78
1/05/78
1/06/78
1/09/78
1/09/78
1/10/78
lA0/78
1A2/78
1/12/78
1A3/78
1/13/78
1A3/78
1/16/78
1/16/78
1/17/78
1A7/78
- 1/17/78
1/24/78
1/25/78
1/25/78
1/26/78
1/26/78
1/26/78
1/26/78
4/03/78
4/04/78
4/04/78
4/05/78
4/05/78
4/06/78
4/06/78
Interest
rate
(percent)
6.05
6.05
6.05
6.05
6.05
6.05
6.10
6.10
6.10
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
6.45
6.45
6.45
6.45
6.35
6.35
6.35
6.35
6.35
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.20
6.20
6.20
6.35
6.35
6.35
6.35
5.95
5.80
7.90
_
_
_
6.15
6.15
6.15
6.45
6.15
6.15
6.15
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.55
6.55
6.55
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.35
6.45
6.45
6.45
6.45
6.45
6.45
Issued
_
-
-
_
_
-
_
_
-
45
45
36
12
62
21
46
28
30
18
137
137
33
23
49
49
16
14
24
8
59
27
14
14
84
_
500
_
_
40
216
_
-
_
-
_
-
_
_
_
_
_
3
35
35
27
40
9
~
Total outstanding
end of month
Retired
36
12
62
21
46
28
30
18
33
23
23
16
14
24
8
59
27
I
'
22,614
^
22,438
84
_
_
_
_
500
37
40
209
_
3
27
40
27
9
89
89
38
38
73
73
49
110
110
43
43
17
29
29
18
15
15
17
8
8
19
_
_
9
June 1978
53
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions o f Foreign Countries—Continued
(Payable m U.S. dollars; dollar amounts in millions)
Month of
activity
Securities
>
Bills
Issue
date
4/10/78
4/10/78
4/10/78
4/10/78
4/10/78
4/12/78
4/12/78
4/13/78
4/13/78
4/13/78
4A3/78
4/17/78
4/17/78
4/17/78
4/17/78
4/17/78
4/17/78
4/24/78
4/24/78
4/25/78
4/25/78
4/26/78
4/26/7?
^4/26/78
4/07/72
10/29/76
L 4/07/78
ai/10/77
^5/11/78
2A /78
2/1/78
2/2/78
2A4/78
2/14/78
2/14/78
2/14/78
2/16/78
2A6/78
2A6/78
2/17/78
2/17/78
2/21/78
1978-May..
Certificates of indebtedness
2/21/78
2/21/78
2/21/78
2/21/78
2/22/78
2/23/78
2/23/78
2/24/78
2/24/78
2/24/78
2/27A S
2/27/78
2/28/78
2/28/78
3/6/78
3/6/78
3/7/78
3/8/78
3/9/78
3A3/78
3/13/78
3/14/78
3/15/78
3A6/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
4/10/78
4/12/78
4A3/78
4/17/78
4/17/78
^26/78
4/26/78
5/2/78
$$
5/2/78
5/2/78
Maturity
date
7/10/78
7AQ/78
7/10/78
7A0/78
7/10/78
7/12/78
7/12/78
7/13/78
7/13/78
7/13/78
7/13/78
7A7/78
7/17/78
7AV/78
7/17/78
7/17/78
7/17/78
7/24/78
7/24/78
7/25/78
7/25/78
7/26/78
7/26/78
7/26/78
4/07/78
4/28/78
3/31/85
5/11/78
11/9/78
5/2/78
5/2/78
5/2/78
5/16/78
5/16/78
5/16/78
5A6/78
5/16/78
5/16/78
5/16/78
5/17/78
5/17/78
5/22/78
5/22/
5/22/78
5/22/78
5/22/78
5/22/78
5/23/78
5/23/78
5/24/78
5/24/78
5/24/78
5/26/78
5/26/78
5/29/78
5/29/78
6/6/78
6/6/78
6/7/78
6/8/78
6/13/78
6/13/78
##§
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/78
7/10/78
7/12/78
7/13/78
7 A7/78
7A7/78
7/25/78
7/26/78
7/26/78
8/2/78
2/2/78
8/2/78
Interest
rate
(percent)
6.45
6.45
6.45
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6. 40
6.40
6.40
6.40
6.40
6.15
6.15
6.30
6.30
6i.30
6.30
6.30
6.20
5.80
8.05
Total outstanding
end of month
38
38
73
73
49
110
110
48
17
43
43
17
29
29
18
18
15
15
8
8
19
400
400
29
265
275
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.45
6.45
6.45
6.45
6.35
6.35
6.35
6.35
6.35
6.30
6.30
6.30
6.30
6.30
6.20
6.20
6.20
6.45
6.40
6.40
6.40
6.40
6.30
6.30
6.30
6.50
6.50
6.50
6.50
6.50
3
3
45
5
5
2
19
21
61
61
17
17
88
88
44
44
16
11
13
46
46
32
32
45
9
9
12
12
12
36
62
21
46
28
30
18
33
23
14
16
24
28
6
38
73
110
43
29
15
8
19
3
3
3
45
45
21,476
Treasury Bulletin
54
.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-efactivity
Issue
date
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/17/78
5/17/78
5/22/78
5/22/78
5/22/78
5/22/78
5/23/78
5/23/78
5/24-/78
5/24/78
5/26/78
5/26/78
5/29/78
^5/29/78
10/29/76
Source: Bureau of the Public Debt.
* Less than $500,000.
Maturity
date
8/16/78
8/16/78
8/16/78
8/16/78
8/16/78
8/16/78
8/17/78
8/17/78
8/22/78
8/22/78
8/22/78
8/22/78
8/23/78
8/23/78
8/24/78
8/24/78
8/25/78
8/25/78
8/29/78
8/29/78
7/28/78
Interest
rate
(percent)
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.50
6.50
6.50
6.50
6.50
6.50
6.65
6.65
5.95
Issued
_
_
5
5
61
61
17
17
88
88
44
8
46
32
32
9
9
12
12
~
Retired
5
23
_
_
_
-
_
-
37
Total outstanding
end of month
June 1978
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to O fficia l In stitu tion s o f Foreign C ountries
Securities
Month of
activity
Payable
in —
Swiss francs
1976-Feb.
Notes
Mar.
Notes
Apr..
May..
June.
July.
Aug..
Notes
Notes
Notes
Notes
Notes
Sept.
Oct.
Notes
Nov.
Notes
Dec.
Notes
1977-Jan.
Feb.
Notes
Notes
Apr.
May.
Notes
June.
July.
Notes
Notes
Aug.
Notes
Sept.
Notes
Nov.
Notes
Dec.
Notes
1978-Jan.
Notes
Feb.
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
Issue
date
Maturity
date
11/01/74
11/20/74
2/02/76
2/20/76
2/02/76
2/20/76
8/02/77
8/19/77
3/01/76
9/01/77
4/20/76
10/20/77
5/28/76
11/28/77
6/14/76
12/14/77
7/07/76
1/06/78
11/29/74
3/01/76
1/20/75
4/20/76
2/28/75
5/28/76
6/13/75
6/14/76
4/07/75
7/07/76
5/06/75
5/20/75
8/6/76
8/20/76
6/11/75
9/10/76
7/08/75
10/8/76
7/29/75
10/29/76
6/11/75
6/11/75
9/08/75
12/10/76
8/06/76
8/20/76
2/06/78
2/20/78
9/10/76
3/10/78
10/08/76
4/07/78
10/29/78
4/28/78
12/10/76
Amount
(Dollar equivalent)
Interest
rate
(percent)
7.94
7.30
6.08
6.35
7.30
6.40
6.97
6.10
6.10
7.05
5.79
6.75
6.88
6.70
6.80
6.40
6.50
6.35
Total outstanding
end of month
64
38
64
38
38
127
33
12/10/76
3/08/77
6/09/78
6.39
7.75
5.25
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
9/08/75
9/08/75
9/08/75
10/06/75
3/08/77
10/06/75
10/17/75
11/26/75
4/18/77
11/26/75
5/26/77
2/02/76
2/02/76
3/08/77
3/08/77
3/08/77
4/06/77
9/08/78
4/06/77
4/18/77
5/26/77
10/18/78
5/26/77
11/27/78
8/02/77
8/02/77
7.75
7.75
7.70
5.90
7.70
7.25
6.95
5.60
6.95
6.10
6.08
6.08
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
2/02/76
2/20/76
3/01/76
8/19/77
3/01/76
4/20/76
9/01/77
4/20/76
5/28/76
10/20/77
5/28/76
6/14/76
6/14/76
7/07/76
8/02/77
8/19/77
9/09/77
2/20/79
9/01/77
10/20/77
3/01/79 *
10/20/77
11/28/77
4/20/79
11/28/77
12/14/77
12/14/77
1/06/78
6.08
6.35
6.40
6.60
6.40
6.10
6.40
6.10
7.05
7.15
7.05
6.75
6.75
6.70
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
7/07/76
8/06/76
1/06/79
8/06/76
8/20/76
9/10/76
1/06/78
2/06/78
7/06/79
2/06/78
2/20/78
3/10/78
6.70
6.50
7.05
6.50
6.35
6.20
1.599
1.599
33
36
1.599
148
1.599
33
36
50
1.599
67
67
38
50
1.599
1,579
150
20
1,546
137
26
26
56
26
7.75
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
1.599
33
30
38
1.599
127
30
148
7.15
5.95
7.35
5.80
6.39
38
1.599
160
3
170
14
1,494
1,461
1,434
386
1,408
33
27
4
38
13
1,375
1,348
360
25
1,520
25
26
1,315
1,289
1,262
82
23
27
3
39
1,210
1,169
28
30
1,128
2
36
4
1,087
Treasury Bulletin
56
______________ 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
e^tivity
Mar.......
Apr.......
Payable
in —
Securities
Notes
Notes
Notes
f
1
V
J
(
^
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
Source:
Bureau of the Public Debt.
1/ The principal amount of this note was increased $1 million to conrpensate for a lower interest cost than was anticipated when the note was
Issue
date
Maturity
date
9/10/76
10/08/76
3/10/78
10/08/76
10/29/76
4/28/78
12/10/76
3/10/78
4/07/78
9/10/79
4/07/78
4/28/78
10/29/79
6/09/78
Interest
rate
(percent)
6.20
5.95
7.40
5.95
5.80
7.70
5.25
Amount
(Dollar equivalent)
Issued
_
124
_
_
17
~
Retired
144
31
7
50
52
Total outstanding
end of month
/
1,035
I
\
1
J
995
943
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
57
June 1978
UNITED STATES SAVINGS BONDS
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 1941,
interest yields,
sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
from May 1, 194-1
and December 1959,
1941.
September
through April
Seri es J and K were sold from May 1, 1952
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
Series
through April 30,
Details of the principal changes in issues,
May and
October 1961,
1970; and the Annual
June 1968,
and
Report of the Secretary of
the Treasury for fiscal years 1966 through 1976.
through
Table SB-1. - Sales and Redemptions by Series, Cumulative through May 31, 1978
(In millions of dollars)
Series A-D 2/..
Series E and H.
Series F and G.
Series J and K.
Total A-K.....
Amount outstanding
Sales 2/
Accrued
discount
Sales plus
accrued
discount
3,949
201,820
28,396
5,003
256,094
29,521
3,754
5,000
177,450
29,509
3,753
78,645
3,556
1,054
54,275
1,125
198
237,720
56,652
294,372
215,710
7,8645
Redemptions J /
Interestbearing debt
Matured
non-interestbearing debt
3
11
3
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
Redemptions 1/
Period
fiscal years:
1935-68....
196 9
197 0
197 1
197 2
1973.......
197 4
197 5
197 6
T.Q........
197 7
Calendar years:
1935-67......
1968.........
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
197 7
Months:
1977-May.....
June.
July...
Aug....
S*pt...
Oct....
Nov.,,.
Dec....
1978-Jan..
Feb.,
Mar.
Apr.,
May..
Sales plus
accrued
discount
Sales 1/
Accrued
discount
175,417
4,550
4,449
5,082
5,9*0
6,514
6,429
6,826
7,293
1,833
7,895
29,158
1,789
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
204,575
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
172,959
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7.954
28,285
1,759
1,832
1.909
2,192
2,426
2,673
2,994
3,368
3,597
3.910
709
665
305
328
643
698
621
612
636
631
721
686
740
718
750
Footnotes at end of Table SB-4.
Amount outstanding
Interestbearing debt
Matured
non-interestbearing debt
Sales
price 2/
Accrued
discount 2 /
152,781
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
7,064
137,011
5,237
5,508
4,342
4,306
4.494
5,366
5,173
5,133
1,346
5.495
15,769
1,102
1,240
1,083
1,032
1,092
1,314
1,346
1,409
371
1,567
51,712
51,711
51,281
53,003
55.921
59,418
61.921
65,482
69,733
70,752
75,411
82
82
55
46
39
34
29
27
23
22
21
201,244
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
149,538
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
7,110
134,313
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
5,520
15,225
1,040
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
1,590
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76.602
126
112
64
50
42
37
31
26
25
17
21
563
619
437
721
588
547
547
593
434
479
332
548
454
429
425
458
129
141
105
173
133
118
123
135
73,908
74,282
354
319
318
339
320
340
1,014
993
969
987
939
952
956
971
22
22
22
22
21
21
21
21
367
33 2
329
348
330
1,088
1,018
1,069
1^067
1,080
703
590
683
650
656
547
460
529
156
130
155
m
m
74,803
75,059
76,224
76.602
76,987
21
21
%
5#
Treasury Bulletin
ttnttf.D
STATES SAVINGS u n w n g
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Amount outstanding
Redemptions 1/
Sales
price 1/
Total
Accrued
discount 2/
Interest-bearing
debt
Matured
non-interestbearing debt
Series E and H Combined
Fiscal., years:
1941-68...................
19)59......................
1970......................
1971......................
1972......................
1973......................
1974.....................
1975......................
1976......................
T.Q.......................
1977......................
Sa^e^ar .gears:
139,517
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
7,895
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
166,298
6,337
6,291
7,138
8 ,249
9,078
9,178
10,078
10,790
2,735
11,722
114,727
6,198
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
7,063
101,195
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
1,345
5,495
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
1,567
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
1941-67...................
1968......................
1969......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975......................
1976......................
1977.......
Months:
1977-May
June.......... ......
137,059
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7,954
25,910
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
162,970
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
111,617
5,915
6,565
6,281
5,237
5,359
6,206
6,824
6,290
6,762
7,114
98,640
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
5,524
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76,602
.....................
709
665
305
328
643
698
621
612
636
631
721
686
740
718
750
354
319
318
339
320
340
367
332
329
348
330
563
619
476
760
587
547
547
593
703
590
679
65C
656
434
479
371
587
454
429
425
458
547
460
525
498
502
129
141
105
173
133
118
123
135
156
130
154
152
153
73,908
74,282
July.................
1,014
993
997
1,016
939
952
956
971
1,088
1,018
1,069
1,C*7
1,080
31,763
124
24
7
5
4
4
1,296
16
3
Sept.................
Oct..................
Nov..................
Dec..................
1978-Jan..................
Feb..................
Mar........... ......
Apr......... ........
May..................
'
74,803
75,059
75,411
75,816
76,224
76,602
76,987
77,415
77,804
78,220
78,645
_
_
_
_
_
_
_
-
_
_
_
_
_
_
-
_
_
_
_
_
-
Series F, G, J, and K combined
Fi^cal_years:
1941-68...................
1969......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975......................
1976......................
T.Q.......................
1977......................
Calendar years:
1941-67...................
1968....... ..............
1969......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975......................
1976......................
.........................
Months:
1977-May.................
June........... .
July............. .
Aug....... .........
Sept................
Oct...... ...... .
Nov.................
Dec.... ........... .
197S-Jan.................
Feb.................
Mar.................
Apr.................
May.................
Footnotes at end of Table SB-4,
31,951
1,322
_
_
_
_
_
_
_
_
_
_
31,951
1,321
_
_
_
_
_
_
33,273
1
_
_
_
_
_
_
_
~Z
33,272
2
*
_
_
-
*
_
_
„
_
_
_
_
-
-
-
-
-
-
-
_
_
_
-
_
_
-
-
-
-
-
-
-
-
-
33,059
140
27
8
6
5
5
1
1
1
1
4
3
1
1
1
1
*
*
*
*
39,925
218
74
13
7
5
5
5
31,643
194
65
1,282
23
9
11
6
2
1
1
1
1
1
1
8
-4
1
5
4
4
*
6
-3
*
2
-1
140
_
_
_
_
_
_
_
-
1
1
*
*
*
*
*
*
*
*
3
*
*
_
*
*
*
X
*
*
20
19
18
229
27
_
_
_
_
_
_
-
-
75
76
49
41
34
30
25
24
-
-
ng
105
58
44
37
32
27
22
21
13
18
18
18
18
18
18
18
18
18
18
18
IP
15
MS
59
June 1978
____________________ UNITED STATES SAVINGS Bnwna
Table SB-3. - Sales and Redemptions by Periods, Series E through K —Continued
(In millions of dollars)
Sales plus
accrued
discount
Sales 1/
Accrued
discount
1941-68...........
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
T.Q.....................
1977....................
Calendar years:
129-173
4,343
4,289
4,870
5,650
6,190
6,145
6,503
6,975
1,761
7,576
126,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
155,904
6,131
6,130
6,92$
7,960
8,755
8,894
9,755
10,471
2,663
11,403
1941-67.................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
1977...................
Months:
1977-May.................
126,851
4,452
4,2a
4,503
5,218
5,922
5,988
25,910
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
152,761
6,209
6,052
305
328
984
970
354
319
318
339
320
340
367
332
329
348
330
969
987
920
937
932
946
1,066
1,000
1,041
1,044
1.054
Period
Redemptions 1/
Exchange of
E bonds for
H bands
Amount
outstanding
(interestbearing debt)
Sales
price 2J
Accrued
discount 2/
110,331
5,548
5,959
4,959
4,972
5,209
6,156
6,063
6,114
1,611
6,638
96,800
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
5,070
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,567
1,818
I84
210
231
292
338
310
310
326
80
313
43,805
44,205
44,167
45,902
48,598
51,806
54,234
57,617
61,648
62,621
67,073
107,540
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6,336
6,686
94,567
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
5,095
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
1,717
191
180
228
249
329
319
310
326
327
303
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63,676
68,235
529
586
437
721
553
513
510
561
399
446
332
548
129
141
105
173
133
118
123
135
156
130
154
152
153
24
24
25
28
23
25
24
20
65,624
65,984
66,490
66,729
67,073
67,472
67,869
68,235
68,608
69.026
69,400
69,810
70.220
Total
Series E
6,729
7,245
7,638
678
642
615
668
602
598
611
606
698
668
712
696
723
July................
Aug.................
Sept................
Oct.................
Nov.................
Dec.................
1978-Jan.................
Feb.................
Mari................
Apr.................
May.................
6,412
7,411
8,348
8,661
9,518
10,097
-10,841
11,548
663
554
635
610
614
420
395
388
426
507
424
481
457
460
29
27
32
24
30
Series H
Fiscal vears:
1952-68.................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
T.Q.....................
1977....................
Calendar years:
1952-67.................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
1977...................
Months:
1977-May...............
10,343
207
160
212
289
322
284
324
318
72
319
_
_
-
10,209
244
172
162
259
314
282
338
309
July..............
Oct...............
Dec.... ..........
1978-Jan...............
Feb...............
Mar...... .........
Apr...............
May...............
Footnotes at end of Table SB-4.
4,396
650
762
457
359
372
519
455
425
104
425
4,396
650
762
457
359
372
519
455
425
104
425
1,818-
_
-
10,343
207
160
212
289
322
284
324
318
72
319
316
_
_
_
_
_
_
-
10,209
244
172
162
259
314
282
338
309
310
316
4,077
615
730
655
366
353
465
506
404
427
428
4,077
615
730
655
366
353
465
506
404
427
428
_
-
31
23
28
29
18
15
24
25
22
18
27
23
27
_
_
_
_
_
“
31
23
28
29
18
15
24
25
22
18
27
23
27
35
33
39
39
34
34
37
32
40
36
44
41
42
35
33
_
-
310
-
39
39
34
34
37
32
40
36
44
41
42
-
-
7,766
184
210
231
292
338
310
310
326
80
313
1,717
191
180
228
249
329
319
310
326
327
303
24
25
28
23
25
24
20
29
27
32
24
30
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8,084
8,338
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8,177
8,368
m
8,312
8,330
8,338
8,343
8,355
8,368
8,379
8,389
8,404
8,410
8,425
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Unmatured
Unclassified
Fiscal years:
1951-62....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
Calendar years
1951-61.....
1962.......
196 3
196 4
196 5
196 6
196 7
196 8
196 9
.
197 0
197 1
197 2
197 3
.
197 4
197 5
197 6
197 7
Months•
1977-May....,
June..
July*...
Aug....
Sept....
Oct____
Nov....
D66....,
1978-Jan
Feb....
Mar.....
Apr....
May.....
Total
Series E
and H
77,184
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
7,064
35,180
2,250
2,057
2,184
2,25?
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
3,578
18,678
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
-577
16,502
657 2/
304
246
280
76,399
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
6,291
6,771
7,110
33,560
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
2,556
17,872
1,656
1,63.7
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
2,556
15,818
730 8/2/
426 2/
282
216
391
345
209
84
15
8
6
3
5
*
8
-4
563
620
476
760
587
547
547
592
703
m
650
656
233
348
173
294
253
197
263
168
159
192
179
n.a.
n.a.
Other
412
260
143
29
9
7
5
5
-1
4
3
1
_
233
348
*
_
-
173
294
253
197
263
168
159
192
175
n.a.
n.a.
Monthly Statement of the Public Debt of the U.S.; Office of Mar
k et Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is
sue pr^ce, and redemptions and. amounts outstanding at current redemp
tion value. Series G,H, and K are included at face value •throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and ,J bonds for Series H bonds beginning
January 1960j and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds far*
Series H bonds, which are reported in Table SB-3.
2/ Details by series an a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distri
bution of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
1
*
*
4
n.a.
n.a.
Source:
4/
j>/
6/
2/
8/
2/
10/
*
n.a.
10/
Total
Series E
and H
42,004
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
33,189
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
8,815
139
-
-
43,899
3,002
3,031
3,157
3,287
3 >384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
3,487
1 ,553
34,116
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
9,941
175
125
131
111
107
44
13
2
-218
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
-
-
331
272
331
272
-
303
466
334
350
284
425
544
398
504
n.a.
n.a.
303
_
_
_
466
334
350
284
4 25
544
398
504
n.a.
n.a.
Other
140
118
104
79
25
6
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
_
-
_
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
_
_
_
_
-
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3+1/4%
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4- 3/ 4% marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4% marketable bands
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8# marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bOtads far 3-7/8#
marketable bonds of 1971 and 4% marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
Not available.
June 1978
61
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May 1, 1967
through June 30, 1970.
demption
The notes were eligible for purchase
and information on investment yields of savings
notes appear in
the Treasury Bulletins of March 1967 and
lay individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
^endarjzearg.:
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
1977...............
Months;
1977-May............
June...........
July...........
Aug............
Sept...........
Oct............
Nov............
Dec............
1978*Jan............
Feb............
Mar............
Apr............
Sales 1/
1
201
326
323
11
*
*
*
2
-2
*
“
80
277
348
160
-3
*
*
*
*
*
_
-
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
*
12
25
33
28
29
35
31
24
6
23
1
201
338
347
44
28
29
35
33
22
6
23
*
*
35
111
167
85
69
77
75
45
11
36
*
*
34
105
157
77
58
62
58
32
8
24
*
1
6
10
8
11
14
17
13
3
12
203
505
742
619
561
519
477
435
413
407
394
_
5
18
31
31
28
29
39
25
24
23
80
281
366
191
27
28
29
39
25
24
23
*
7
76
154
124
71
74
82
53
42
35
*
7
72
145
116
62
60
66
40
29
23
_
*
3
8
9
9
13
16
14
13
12
80
354
644
682
584
540
496
453
424
406
393
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
4
4
2
3
4
2
3
2
2
3
1
2
3
1
2
1
1
1
1
1
1
1
1
1
400
2
2
2
2
2
2
2
2
2
2
2
3
3
3
2
1
2
2
2
1
1
1
1
1
1
Source:
Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
Amount
outstanding
397
397
396
394
394
393
m
393
393
391
390
390
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
Less than $500,000.
*
Treasury Bulletin
62
nwMFpgUTP OF FEDERAL girr»TTi?rrTirg
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
(Tn millions of iollars)
Tnterest-bearing public debx securities
Total
Federal
securities
outstanding
End of
fiscal year
or month
1970.....................................
1977.....................................
1977,-Mar.................................
July................................
Oct.................................
1978-Jan.................................
Feb.................................
Mar................................
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
611,451
681,905
682,965
685,249
684,592
695,485
709,338
707,693
718,232
729,164
731,821
739,650
747,844
746,431
Held by U.S. Government accounts
Total
outstanding
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
668,509
670,958
673,389
671,386
684,081
697,629
696,301
706,973
715,227
720,563
728,474
736,929
733,074
Nonmarketable
Total
i
Oct.................................
1978-Jan.................................
Feb................................
Mar................................
Marketable
66,738
76,124
82,740
89,536
101,248
114,921
122,752
129,202
127,409
138,816
117,901
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
54,095
*>7,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427
104,715 1/
145,503
149,435
151,204
15,528
15,434
15,424
15,425
14,709
14,619
14,548
14,515
14,430
127,919
131,945
133,724
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
99,837
97,394
102,239
98,646
98,436
104,715 3/
94,597
96,477
102,479
148,744
151,860
155,490
152,194
153,888
154,849
151,480
154,183
152,718
153,563
Nonmarketable
331,263
135,095
138,816
135,590
137,317
138,363
135,021
138,133
136,682
137,530
14,403
13,995
13,980
13,977
Matured
public
debt
and debt
bearing no
interest 2/
89,753
97,003
98,450
101,577
103,072
Agency securities
Total
outstanding
y
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
370,405
156,006
157,911
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
276,434
56,814
58,231
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
1,166
1,068
1,016
1,076
963
997
1,067
1,179
1,142
1,211
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
93,971
1,267
423,169
424,129
419,946
423,995
433,785
437,423
449,510
456,608
457,899
472,081
475,840
482,634
476,439
318,699
318,619
313,485
316,177
325,001
326,674
338,290
343,870
343,019
355,374
358,321
362,695
355,144
104,469
105,510
106,461
107,818
108,784
110,750
111,220
112,738
114,880
116,707
117,519
119,939
121,295
2,514
1,151
1,036
2,478
1,093
1,211
1,102
999
3,716
1,032
1,279
1,022
3,515
Note:
The Export-Inrport Bank was, moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976). Also, adjustments are made
to reflect certain Export-Inrport Bank borrowing transactions now
Other
16,007
16,974
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14,619
19,111
Held by private investors
Total
Government
account series
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
139,067
Interest-bearing public debt securities - Con.
End of
fiscal year
or month
Marketable
Public
issues
held by
Federal
Reserve
banks
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
10,961
2,846
2,553
2,251
2,170
2,156
2,352
2,186
2,223
2,222
2,094
2,224
11,403
9,956
9,911
8,724
8,953
9,860
8,757
8,730
9,456
8,204
8,737
10,883
10,856
10,824
10,728
10,312
10,298
10,290
10,260
10,221
10,226
9,898
9,893
9,842
2,054
2,056
2,264
2,203
2,095
2,094
2,092
2,085
2,026
2,025
2,022
2,024
2,031
8,829
8,800
8,560
8,525
8,216
8,204
8,198
8,175
8,195
8,201
7,876
7,869
7,811
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
Includes a nonmarketable Federal Reserve special certificate for $2,500.
2/ Adjusted to exclude non-interest-bearing notes issued to the Inter-*
national Monetary Fund to reflect the unified budget concept.
For detail, see Table FD-6.
y
1/
63
June 1978
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
______________ (Par values 1/ In billions of dollars)
Nonbank investors
End of
month
Total
privately
held
Commer
cial
banks
2/
33.4
231.6
208.1
203.3
198.6
193.0
195.0
193.5
198.5
195.4
202.5
198.5
205.6
201.4
205.4
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.5
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.5
60.3
53.2
55.6
69.0
85.1
92.5
103.8
20.7
137.9
133.6
137.7
136.7
134.7
133.5
132.4
135.1
136.6
138.9
134.9
136.5
137.9
143.4
139.5
140.9
137.4
137.7
131.9
136.2
142.8
150.4
149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
102.4
104.7
106.3
103.5
102.2
102.4
100.1
100.0
101.0
100.5
101.4
102.4
101.2
103.5
102.3
100.7
313.3
318.4
322.0
322.2
323.1
318.6
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
87.1
91.4
96.4
100.8
101.0
101.5
101.9
102.2
102.7
103.0
326.4
334.9
337.6
350.1
356.2
358.9
370.9
373.7
381.4
378.8
103.4
103.7
103.9
104.4
104.9
105.3
106.1
106.6
106.9
107.1
1939-Dec....
1946-Feb....
Dec....
1950-June...
Dec....
1951-June...
Dec....
1952-June...
Dec.
1953-June...
Dec....
1954- June...
Dec....
1955-June...
Dec....
1956-June...
Dec....
1957-June...
Dec....
1958-June...
Dec....
1959-June...
Dec....
1 960-June...
Dec....
1961-June...
Dec....
1962-June...
Dec....
1963-June...
Dec....
1964-June...
Dec....
1965-June..„
Dec....
1966- June...
Dec....
1967-June...
Dec....
1968-June...
Dec....
1969-June...
Dec....
1970-June...
Dec....
1971-June...
Dec....
1972-June...
Dec....
1973-June...
Dec....
1974-June...
Dec....
1975-June...
Dec....
1976-June...
Dec....
1977-Jan....
Feb....
Mar....
Apr....
May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1978-Jan....
Feb....
Mar..*.
Apr. p.,
204.5
207.5
205.4
212.3
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
209.6
215.5
204.4
219.5
217.0
226.7
214.0
,
,
,
,
,
.
,
.
,
,
221.2
217.2
229.1
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5
415.7
423.1
428.3
425.7
425.3
421.0
,
,
.
,
,
,
426.5
434.9
435.6
450.6
457.6
461.3
473.1
477.1
483.7
479.5
Individuals 2/
Total
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
I66.4
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
283.8
305.7
Total
9.4
63.9
64 .I
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
Savings bonds
Series Other
E and H series 2 /
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4 j
51.2 1
51.1
50.8
51.4 1
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65.0
66.9
69.2
71.6
72.0
72.4
72.8
73.2
73.7
74.0
74.5
74.8
75.2
75.6
76.0
76.3
76.7
77.2
77.6
78.0
Source:
Office of Government Financing in the Office of the Secretary.
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 1aland possessions.
Figures exclude securities held in trust departments.
2/ Includes partnerships and personal trust accounts.
l j Exclusive of banks and insurance companies.
1/ Consists of the investment of foreign balances and international
2j
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.5
.5
.5
.5
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
Other
secu
rities
7.5
20.6
20.0
17.6 ’
16.7
16.3 '
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
21.6
24.0
26.8
28.8
28.6
2817
28l7
2816
2816
28l6
28.4
28.5
28.3
28.4
28.5
28.6
29.0
29.1
II:?
Insurance
companies
Mutual
sav
ings
banks
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
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
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
3.5
4.5
5.4
5.7
5.7
5.9
6.2
6.2
6.1
6.0
6.0
6.0
6.1
6.0
6.0
6.0
5.9
5.9
5.8
5.7
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.14
5.9
6.2
7.1
9.5
10.6
12.5
12.4
12.7
12.6
12.6
12.9
13.0
13.6
14.0
14.5
14.5
15.2
15.5
15.3
15.3
15.0
14.9
Corpora
tions y
State
Foreign
and
and inter
national
local
govern 5/
ments
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
13.2
20.2
24.3
26.5
28.5
29.8
27.7
27.4
25.8
23.8
23.5
24.5
23.9
23.8
23.4
22.2
22.9
21.8
20.4
19.4
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
39.3
41.6
44.8
43.3
44.4
48.4
49.1
47.6
47.8
52.7
53.5
54.5
55.6
55.1
56.4
58.3
60.3
60.3
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
.2
2.4
1.9
2.2
3.0
2.9
3.0
3.4
4.0
4.4
4.6
4.6
4.8
5.2
5.9
6.2
6.7
6.5
6.9
5.9
6.9
8.1
9.9
10.1
10.5
10.1
10.9
11.3
12.0
12.6
12.6
12.0
13.1
12.2
13.0
11.6
10.8
11.4
12.9
10.7
12.5
10.3
10.4
14.0
19.8
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
69.8
78.1
80.3
82.3 '
84.7
86.1
86.0
87.9
90.2
91.9
95.5
101.3
106.7
109.6
112. 5
115.4
124.5
120.4
Other
investors
6/
.3
9.5
<9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
25.5
38.0
38.1
40.5
40.6
42.9
44.7
39.3
40.7
37.2
42.0
42.1
40.3
45.5
44.4
45.1
51.7
50.4
48.5
51.1
accounts in the United States. Holdings have been adjusted to
issues to the International Monetary Fund and other international
lending organizations to reflect the unified budget concept.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2 / Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
Preliminary.
P
Treasury Bulletin
64
'
T R E A S U R Y SURVEY OF O W N ER SH IP, APRIL 30, 1978,
T h e mont h ly Treasury Survey o f Ownership covers securities
tions i n t h e S e p t e m b e r I 9 6 0 B ulletin, an d fo r S t a t e a n d l o c a l
issued b y t h e U n i t e d States Government, F ederal agencies, Fed
e rally- sponsored agencies, an d th e D i s t r i c t o f Columbia.
g o v e r n m e n t s i n t h e F e b r u a r y 1 9 6 2 Bulletin.
The
b a n k s and insurance companies i n c l u d e d i n t h e Sur v e y curre n t l y
account for about 80 p ercent of all such securities he l d b y
t h e s e institutions.
The si m i l a r p r o p o r t i o n f o r c o r p o r a t i o n s
Holdings by commercial banks distributed according tv
and f o r s a v ings an d l o a n a s s o c i a t i o n s i s 50 percent, a n d f o r
Federal Reserve member b a n k classes and nonmember banks are
S t a t e a n d local governments, 4 0 percent.
p u b l i s h e d for J u n e 30 a n d D e c e m b e r 31.
Data were first pub
Holdings b y corporate
l ish e d for banks and insurance companies i n the M a y 1941 Treas
p e n s i o n trust funds a r e published quarterly, first a p pearing i n
u r y B ulletin, fo r c o r p or a t i o n s a n d s a v i n g s a n d l o a n a s s o c i a
the M a r c h 1954 Bulletin.
T able T S O -l.-S u m m ary o f Federal S ecurities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Classification
£m W4,c deto.issues.;
Interest-bearing public
sec'ffi-frfes:
Marketable............
Nonmarketable i j ......
Total interest-bearing
public debt securities,
Matured debt and debt
bearing no Interest....
Total public debt
securities...........
Government agency issues:
Regular issues...........
Participation
certificates
...... .
Total Government agency
securities covered in
Treasury Survey........
Nonsurveyed Government
agency securities.....
Total Government agency
securities 6/ ......... Total Federal securities..,
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
5,483
commer
cial
banks
2J
472,193
260,881
117,049
139,586
355,144
121,295
73,207
4,109
3,536
8,296
4,786
7,309
12,168
3,680
238,053
121,295
733,074
256,635
476,439
73,207
4,109
3,536
8,296
4,786
7,309
12,168
3,680
359,348
3.515
428
3,087
736,589
257,063
479,526
73,207
4.109
Footnotes at end of Table TSO-5.
State and local
465
Insurance companies
486
governments
savings
mutual
436
savings
and loan corpo
185
439 fire,
310
289
associa rations
banks
casualty, tions
general pension
life
and re
2/
and
funds
tirement
marine
funds
3,0g7
3,536
8,296
4,025
246
3,779
667
167
80
26
3,951
1,675
2,276
544
275
117
160
7,976
1,921
6,055
1,211
442
197
111
1,755
9,842
2,031
7,811
259,094
487,337
746,431
All
other
private
inves
tor* 2 /
4,786
3,680
7,309
145
36£f„435,
213
310
2,090
443
2,533
193
103
154
287
273
248
367
597
65
June 1978
.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1978.
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Total
amount
outstand
ing 1/
Classification
Ely taraa wfflgjjgt
Issued by U.S. Government:
Treasury bills..........
Treasury notes..........
Treasury bonds..........
Total..................
By
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
5,483
commer
cial
banks
ZJ
159,640
262,180
50,373
40,689
56,433
19,926
6,938
63,738
2,531
472,193
117,049
228,693
165,671
44,893
10,690
10,262
11,984
472,193
226,401
165,671
44,121
10,772
3,526
21,701
472,193
Held by investors covered in Treasury Surve 7
State and local
Insurance companies
governments
465
486
savings
436
mutual
439 fire,
185
corpo
and loan
savings
289
pension
casualty, associa rations 310
banks
and re
and
general
life
tions
1/
tirement
funds
marine
funds
Held by
all
other
inves
tors 2/
676
3,875
234
2,078
4,230
4,827
6,074
404 ' 1,864
409
1,249
2,022
103,621
114,780
19,651
3,536
649
6,571
1,077
8,296
4,786
7,309
12,168
3,680
238,053
1,074
2,237
542
108
123
24
4,109
637
998
717
674
195
316
3,536
1,416
4,170
2,102
224
141
243
8,296
2,010
2,586
136
36
10
8
4,786
3,535
3,311
283
86
74
20
7,309
6,463
4,092
795
409
253
156
12,168
556
667
567
495
414
980
3,680
133,039
71,269
19,961
4,610
4,202
4,971
238,053
1,057
2,237
533
129
7
145
4,109
319
998
890
782
56
492
3,536
1,346
4,170
2,077
273
54
376
8,296
1,981
2,586
148
48
8
15
4,786
3,511
3,311
300
55
71
61
7,309
6,319
4,092
629
691
57
379
12,168
510
667
590
492
36
1,384
3,680
132,151
71,269
19,652
4,826
1,286
8,868
238,053
81
1,177
2,278
73,207
269
3,455
385
4,109
56,751
34,787
12,864
3,418
4,542
4,686
117,049
23,213
41,553
6,926
629
309
578
73,207
56,129
34,787
12,305
2,825
1,901
9,101
117,049
23,078
41,553
6,998
651
48
880
73,207
Footnotes at end of Table TS0-5.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual
maturing:
1978...
May
June
July
1978..,
Aug.
Sept.
1978...
Oct.
Nov.
1978...
Dec.
Jan.
1979...
Feb.
1979...
1979...
Mar.
Apr.
1979...
Treasury Notes:
7-1/8% May
7-1/8 May
7-7/8 May
6-7/8 June
6-7/8 July
7-5/8 Aug.
8-3/4 Aug.
6-5/8 Aug.
6-1/4 Sept.
5-7/8 Oct.
5-3/4 Nov.
6
Nov.
5-1/4 Dec.
8-1/8 Dec.
5-7/8 Jan.
7
Feb.
5-7/8 Feb.
1978-U...........
197S-H...........
1979-L...........
1979-H.... ......
1979-M...........
Footnotes at end of Table TS0-5.
Total
amount
outstand
ing 1/
State and local
486.
governments
savings 436
and loan corpo
185
associa
rations
439 f4re>
3io
„ pension
casualty, tions
general and re
and
funds tirement
marine
funds
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,483
commer
cial
banks
465
mutual
savings
banks
Z/
ZJ
289
life
Held by
all
other
inves
tors y
21
24
99
68
88
100
49
66
38
42
59
21
676
233
201
295
333
205
488
121
100
1
29
29
42
2,078
1,250
665
586
584
292
262
121
174
64
89
83
58
4,230
161
72
57
38
54
2
12
5
5
81
112
104
98
65
34
56
51
45
14
21
17
30
649
1
5
2
409
19,740
21,248
17,598
14,009
10,744
10,270
1,589
1,438
1,469
1,896
1,732
1,889
103,621
35
1
29
5
1
11
3
26
1
1
6
48
3
21
9
38
*
65
24
28
21
26
62
27
24
31
29
39
119
37
28
14
48
( 27
62
38
57
58
84
39
3
91
107
72
97
113
144
34
72
60
59
58
21
34
76
79
45
6
56
27
109
129
30
277
43
173
13
96
38
101
149
158
117
147
17
100
155
112
126
207
104
25
171
30
125
5
17
4
3
3
7
2
8
5
2
11
2
1
3
16
4
1,620
1,209
1,463
1,586
1,252
1,089
1,114
1,651
1,631
1,549
1,616
2,702
1,667
1,165
1,308
1,719
1,433
28,487
30,671
25,977
20,527
16,650
16,778
3,587
3,838
3,205
3,253
3,321
3,346
159,640
6,,396
7,,754
6,,337
4,,533
4,,513
4,,927
1,,113
1,,403
1,,026
652
994
1,,042
40 j,689
529
556
844
865
692
645
505
598
573
510
375
245
6,938
29
27
54
19
17
21
26
8
20
12
27
11
269
15
20
10
12
12
7
3,960
2,567
4,423
3,331
2,855
5,155
2,462
2,949
3,195
2,921
2,941
8,207
3,376
2,517
2,855
4,692
2,845
963
180
1,,541
792
366
2,,586
644
173
480
198
254
3,,621
509
199
131
1,,725
361
1,065
945
1,049
601
907
1,096
624
775
721
774
644
1,304
601
960
936
1,009
701
49
32
69
32
21
74
23
47
36
76
29
55
34
42
37
34
40
-
-
Treasury Bulletin
66
— ....
TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1Q,7a
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par value - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/
Treasury Notes— Continued:
67.
Mar.
1979-N.............
5-7/8 Apr.
1979-P.............
7-7/8 May
1979-D.............
6-1/8 May
1979-Q.............
7-3/4 June
1979-E............. ,
6-1/8 June
1979-R.............
6-1/4 July 1979-S.............
6-1/4 Aug.
1979-A.............
6-7/8 Aug.
1979-J.............
6-5/8 Aug.
1979-T.............
Sept. 1979-F.............
8-1/2
6-5/8
Sept. 1979-U.............
7-1/4 Oct.
1979-V.............
6-1/4 Nov.
1979-K.............
6-5/8 Nov.
1979-B.............
7
Nov.
1979-C.............
7-7/8 Nov.
1979-W.............
7-1/2 Dec.
1979-G.............
7-1/8 Dec.
1979-X.............
7-1/2 Jan.
1980-K.............
6-1/2
Feb.
1980-G.............
7-5/8 Feb.
1980-L.............
7-1/2 Mar.
1980-C.............
6-7/8 May
1980-A.............
7-5/8 June
1980-D.............
6-3/4 Aug.
1980-H.............
9
Aug.
1980-B.............
6-7/8
Sept. 1980-E.............
7-1/8 Nov.
1980-J.............
5-7/8 Dec.
1980-F.............
7
Feb.
1981-A.............
7-3/8 Feb.
1981-C.............
6-7/8 Mar.
1981-H.............
7-3/8 May
1981-D.............
7-1/2 May
1981-M.............
1981-J.............
6-3/4 June
7-5/8 Aug.
1981-F.............
6-3/4
Sept. 1981-K.............
7
Nov.
1981-G.............
7-3/4 Nov.
1981-B.............
7-1/4 Dec.
1981-L.............
6-1/8 Feb.
1982-D.............
7-7/8 Mar.
1982-G.............
7
May
1982-E.............
8
May
1982-A.............
8-1/8 Aug.
1982-B.............
7-7/8 Nov.
1982-C.............
7-1/8 Nov.
1982-F.............
8
Feb.
1983-A.............
7-7/8 Mar.
1983-C.............
7
Nov.
1983-B.............
7-1/4 Feb.
1984-A.............
7-1/4 Aug.
1984-B.............
8
Feb.
1985-A.............
7-7/8 May
1986-A.............
8
Aug.
1986-B.............
7-5/8 Nov.
1987-A.............
Treasury Bonds:
4-1/4 May
3-1/4 June
4
Feb.
3-1/2 Nov.
7
Aug.
6-3/8 Feb.
6-3/8 Aug.
3-1/4 May
6-1/8 Nov.
4-1/4 Aug.
4
Feb.
7-1/2 Aug.
4-1/8 May
3-1/2 Feb.
8-1/4 May
7-1/4 Aug.
Feb.
6-3/4
7-7/8 Feb.
7
May
8-1/2 May
3
Feb.
7-7/8 Feb.
8-3/8 Aug.
8
Aug.
3-1/2 Nov.
8-1/4 May
7-5/8 Feb.
7-7/8 Nov.
Total
1975-85............
1978-83............
1978-92............
1988-93............
1988-93............
1989-94............
1993-98............
1994-99............
1995-2000..........
1995-2000..........
1996-2001..........
2000-05............
2002-07............
2002-07............
582
136
549
209
139
273
169
1,811
881
325
227
261
270
255
1 ,142
448
371
127
361
331
1 ,505
268
602
5,564
294
637
2,962
153
683
38
570
959
129
205
11,047
80
283
65
94
1,,865
62
44
192
28
1,,457
1,,151
762
54
2,,142
43
95
3,,771
370
1,428
966
1,,961
587
-
State and local
crrnwvrnTneTrfca
Insurance companies
5,483
commer
cial
banks
2/
3,519
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
4,334
3,376
1,604
2,241
4,791
2,006
3,920
3,875
4,608
3,820
6,076
7,265
2,185
4,133
4,296
2,141
4,600
2,692
1,842
4,796
2,809
2,020
3,894
2,514
2,586
2,968
2,543
4,477
3,452
2,697
2,853
2,613
2,747
2,918
2,902
2,737
7,958
2,573
2,309
8,438
2,863
4,203
5,219
9,515
2,387
29
262,180
56.,433
1,046
1,246
2,496
1,754
807
2,702
2,353
754
1,216
2,880
183
1,914
1,068
2,828
1,247
1,504
627
1,501
692
2,414
544
2,771
2,265
1.575
1,993
4,246
4,249
1,495
50,373
395
227
929
619
408
1,,058
,399
179
884
,128
_ 1,
53
1,,318
456
893
393
87
209
63
328
1,,636
128
562
1,,078
810
714
2,,169
1,,547
256
19,,926
68
219
276
2,531
472,193
117,,049
73,207
Tojtal Marketable Public Debt
Footnotes at end of Table TSO-5.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
465
mutual
savings
banks
2/
289
life
savings
439 fire, and loan
casualty, associa
and
tions
marine
994
435
754
448
671
449
755
656
779
864
551
972
1,160
1,173
103
586
1,158
669
967
1,267
1,389
1,164
1,827
591
632
1,213
409
960
931
972
479
1,624
954
651
1,075
724
1,074
850
1,006
1,123
1,108
1,024
1,026
735
332
420
857
736
1,060
839
618
1,039
622
820
561
1,720
438
6
63,738
42
16
32
25
69
13
36
23
29
49
44
36
38
65
6
27
44
38
19
33
74
35
57
35
37
56
9
43
32
39
17
143
30
72
35
28
77
26
68
106
32
126
26
57
57
44
61
35
91
30
40
69
34
14
102
174
30
1
3,455
2
2
1
4
2
19
2
9
2
11
11
3
3
25
2
7
13
6
1
3
5
8
2
1
7
6
4
12
28
12
14
2
5
11
9
7
12
35
35
20
11
7
13
18
23
42
10
13
57
94
20
135
88
48
2
1,177
42
8
33
14
35
36
46
61
54
39
74
21
70
72
47
79
75
87
36
18
65
10
98
89
103
42
45
53
118
84
99
146
89
152
45
44
112
98
103
151
167
143
49
100
86
125
193
102
338
41
153
507
309
62
564
243
45
5
6,571
82
53
96
57
39
420
128
25
52
60
2
36
5
79
51
180
54
224
95
58
7
107
14
28
10
7
19
19
1
24
10
7
6
23
3
4
1
23
49
19
11
2
5
5
2
85
18
7
12
4
8
385
50
268
161
326
15
21
15
82
10
101
45
7
30
469
34
105
21
7
17
10
19
94
39
16
127
19
155
15
2,278
15
54
90
51
3
77
34
39
9
90
4
15
30
59
87
21
6
7
3
27
8
48
32
22
18
28
131
66
1,077
4,109
3,536
8,296
lb
436
185
310
corpo
pension
rations general and re
funds
tirement
funds
55
62
54
108
15
11
51
37
44
20
136
57
73
126
53
24
61
183
68
209
11
15
51
199
46
190
142
30
5
5 1
116
18
46
191
38
6
109
60
77
70
82
54
74 '
95
95
133
24
11
19
12
69
66
1
17
48
3
35
143
172
109
25
22
98
63
30
77
28
6
25
51
87
102
22
44
51
67
69
62
39
12
23
112
177
52
31
83
83
60
19
1
1
14
10
10
19
72
18
22
19
48
*
29
3
53
2
11
1
20
4
4
34
79
11
*
1
3,875
4,827
Held by
all
other
inves
tors 2/
140
68
62
123
32
79
223
46
110
97
22
238
134
155
23
16
199
55
212
238
38
84
75
31
55
49
8
19
116
154
24
56
111
33
60
104
16
24
35
40
73
70
18
44
13
50
25
84
46
6
41
53
15
34
59
101
56
*
8
1
2
3
9
3
3
6
17
26
1
24
22
*
6
2
1
12
8
36
19
12
1
4
1
8
10
5
8
1
130
15
15
14
6
4
1
38
22
8
7
11
5
14
56
70
10
40
2
26
50
8
16
62
143
224
-
6,074
1,249
234
4
20
101
37
*
6
42
5
63
7
7
31
15
10
3
13
6
10
4
33
10
9
8
*
11
3
6
404
69
74
136
103
8
226
77
26
17
308
1
6
21
229
27
57
12
56
15
26
30
89
92
2
73
30
25
29
1,864
26
19
19
26
1
6
2
10
*
22
1
19
7
57
69
230
25
89
15
87
10
150
79
73
10
203
701
___ 66
2,022
387
501
889
477
330
852
640
361
233
1,129
68
502
479
985
526
798
273
1,048
201
559
305
1,625
901
610
1,019
1,712
1,458
782
19,651
4,786
7,309
12,168
3,680
238,053
7
23
55
39
*
12
5
21
1
12
6
6
19
2
5
4
2
1
2
3
2
*
5
1
2
-
1,592
1,165
808
1,1/7
758
1,264
-,748
1,864
884
1,813
1,099 .
2,081
2,393
1,451
268
943
2,680
982
2,137
1,821
1,359
2,070
3,175
913
1,022
1,997
1,106
846
2,529
1,112
590
1,649
1,363
846
1,540
1,335
944
1,777
1,061
1,107
1,832
1,020
1,398
1,490
760
1,044
895
1,601
4,159
1,535
1,293
2,836
1,399
1,788
2,762
4,971
945
14
114,780
June 1978
67
.TREASURY SURVEY OF OWNERSHIP,APRIL 30, 1978.
Table TSO-4. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
U.S. Govern
outstand ment ac
counts and
ing 1/
Federal
Reserve
banks
Exnort-Import Bank:
Issues to State & Local Govts. 2/....
Participation Certificates..........
Federal Housing Administration:
Government National Mortgage
Association:
Participation Certificates..........
U.S. Postal Service:
465
mutual
savings
banks
2/
savings
and loan
associa
tions
corpo
rations
185
310
pension
general and re
funds
tirement
funds
18
9
*
10
268
113
150
16
16
9
-
46
113
1,921
1.211
1,593
607
138
25
3,701
1,660
250
1,825
Total Government Agency Securities
covered by survey.................... — ,7.flfe-i
Footnotes at end of Table TSO-5.
life
439 fire,
casualty,
and
marine
41
143
7
29
Tennessee Valley Authority:
289
430
145
7
152
579
74
653
143
250
486
46
5
51
72
16
87
1,200
State and local
governments
Insurance companies
5,483
commer
cial
banks
2/
192
34
14
4^
234
105
339
-
5
54
350
188
96
146
273
338
1
1
-
4
38
127
43
16
23
1
'20
185
1,379
197
186
273
248
367
597~
2,533
20
22
Held by
all
other
inves
tors 2/
8
4
24
10
16
470
37
-
8
Table TSO-5. - Securities Issued by Government-Sponsored Agencies,
Farmers Home Administration and the District of Columbia
Held by investors covered in Treasury Survey
Issue
Banks for Cooperatives:
U.S. Govern
Total
ment ac
amount
outstand counts and
Federal
ing!/
Reserve
banks
FHIM3 Mtg. Backed Certificates
Issues to State and Local
436
corpo
rations
Held by
gonramrnurrf.e
all
l
other
185
310
inves
pension
general and re tors 2/
funds
tirement
funds
mutual
savings
banks
1,016
110
28
55
201
76
305
67
3,057
558
230
50
35
15
3
33
27
14
87
126
5
210
14
37
25
944
1,158
230
949
254
439
86
158
19
181
457
832
1,781
18,382
2,151
209
3,661
24
677
2
181
2
293
44
1,291
2
187
6
606
43^
i:4Sf
1,639
-
378
133
60
22
460
19
56
237
273
356
22,156
2,151
4,248
834
243
317
1,795
207
356
1,024
”
679
10,654
10,977
465
2,031
293
29
119
512
170
567
84
6,706
1,358
3,875
552
67
339
724
230
600
548
11,393
3,122
147
59
868
5,081
181
107
82
1,206
127
19
7
136
9
1
25
464
7
3
209
1,195
69
2
102
249
1
_
539
1,333
12
1
109
419
22
3
1,453
15,495
613
5
3,328
6,236
1,433
154
498
1,475
352
543
2,428
553
17,566
7,723
19,144
_____4 _
3,566
1
980
1
1,475
3
4,969
1,186
5,328
5,046
1,641
Federal Home loan Banks:
486
commer
cial
banks
1/
Farm Credit Banks:
Farmers.flome Administration:
St ate and local
Insurance companies
465
5,483
3,605
132
- 1,986
58
Z/
289
life
Federal Intermediate Credit Banks:
Federal Land Banks:
Bonds..............................
19,686
Federal National Mortgage
Asg9Pl3.t.i9n:
Discount Notes......................
3,393
Debentures.......................... 28,700
Capital Debentures..................
1,188
Mtg. Backed Bonds...................
* 200
Issues to State and Local
Govts. 2/».........................
543
Total FNMA........................... 34,024
District.pf_ColumbjLa:
Stadium Bonds....................... ____ 20
99,142
*
1/ Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
2/ Includes trust departments.
2/ Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
4/ Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
439 fire, savings
casualty, and loan
associa
and
tions
marine
____ 2 _
2,451
___9
52,323
Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
Includes matured securities outstanding on which interest has ceased.
1 / Direct placements (mortgage-backed bonds) with State and local
governments with various interest rates and maturity dates.
8/ 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.
2/
68
Treasury Bulletin
MARKKT QUOTATIONS ON TREASURY SECURITIES, MAY 31, 1978
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable secu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Securities
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
26-week
Bank discount
Issue date
13-week
26-week
Maturity
date
Bid
$2,197
2,308
2,302
2,306
2,303
$3,403
3,405
3,303
3,386
3,404
3/09/78
3/16/78
3/23/78
V30/78
4/06/78
12/08/77
12/15/77
12/22/77
12/29/77
1/05/78
6/08/78
6/15/78
6/22/78
6/29/78
7/06/78
6.88$
2,308
2,308
2,302
2.303
2.304
2,207
2,204
2,201
3,404
3,408
3.503
3,505
3.504
3,509
3,501
3.503
4A3/78
4/20/78
4/27/78
5/04/78
5/11/78
5/18/78
5/25/78
6/01/78
1/12/78
1/19/78
1/26/78
2/02/78
2/09/78
2/16/78
2/23/78
3/02/78
7/13/78
7/20/78
7/27/78
8/03/78
8/10/78
8/17/78
8/24/78
8/31/78
9/07/78
9/14/78
9/21/78
9/28/78
10/05/78
10/12/78
10/L9/78
10/26/78
11/02/78
11/09/78
11/16/78
11/24/78
11/30/78
6.53
6.53
6.61
6.61
6.61
6.60
ym%
m
3/23/78
3/30/78
4/06/78
4/13/78
4/20/78
4/27/78
5/04/78
5/11/78
5/18/78
5/25/78
6/01/78
3.402
3.403
3.406
3.402
3.401
3.406
3.504
3.403
3.404
3.407
3.401
Footnotes at end of Table MQ-3.
$3,331
2,855
5,155
2,462
2,949
3,195
2,921
8,207
2,941
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
2,308
1,782
3,180
4,559
2,989
3,481
3,861
2,081
4,334
3,376
1,604
2 ,2 a
4,791
3,920
2,006
3,875
4,608
3,820
6,076
3,179
7,265
3,056
2,185
4,133
7-5/8
8-3/4
6-5/8
6-1/4
5-7/8
6
5-3/4
5-1/4
8-1/8
5-7/8
7
5-7/8
6
5- 7 /8
7-7 /8
6-1/8
6-1 /8
7- 3 /4
6-1 /4
6 -1 /4
6-7 /8
6^ 5/8
6- 5/8
8-1/2
7-1 /4
6-1 /4
6- 5/8
-
_
-
-
7
7- 1 /8
7- 1 /8
7- 1/2
7- 1/2
6-1/2
7- 5/8
7- 1/2
7- 3 /4
6-7 /8
-
-
8
7-5/8
6-3/4
Footnotes at end of Table MQ-3.
+.73$
+.67
+.89
+.30
+.22
$2,253
3,038
3,005
3,036
3'162
6/28/77
7/26/77
8/23/77
6/27/78
7/25/78
8/22/78
9/19/78
10/L7/78
6.83%
6.58
6.63
6.79
7.00
+.63%
+.17
+.03
+.11
+.16
+.29
+.23
+.26
+.13
+.08
+.05
+.06
+.05
+.08
+.08
+.05
+.05
+.06
+.06
+.13
+.14
3,587
3,838
3,205
3,253
3,321
11/15/77
12/13/77
11/14/78
12/12/78
1/09/79
2/06/79
3/06/79
4/03/79
5/01/79
5/29/79
7.12
7.16
7.18
7.32
7.34
7.37
7.38
7.39
+.14
+.15
+.15
+ .22
+.22
+.25
+.20
6.84
6.64
6.65
6.72
6.75
6.76
6.77
6.85
6.89
6.98
7.00
7.06
7.08
7.12
7.16
7.16
m
2,478
Bank discount
Issue
date
52-week
1/10/78
2/07/78
3/07/78
4/04/78
5/02/78
5/30/78
Maturity
date
Bid
Change from
last month
Table MQ-2. - Treasury Notes
(Price decimals are 32ds)
Yield
Change
from last
month
Description
6-7/8%
6-7/8
Amount
outstanding
(millions)
52-week
7.07
6.50
6.44
Price
Amount
outstanding
(millions)
Change from
last month
6/30/78-N
7/31/78-P
8/15/78-E
8/15/78-C
8/31/78-Q
9/30/78-R
10/ 31/78-S
11/15/78-B
II/30/78-T
12/31/78-U
12/31/78-H
I/3I/79-L
2/15/79-H
4/30/79-P
5/15/79-D
5/31/79-Q
6/30/79-R
6/30/79-E
7/31/79-s
8/15/79-A
8/15/79-J
8/3I/79-T
9/30/79-U
9/30/79-F
10/31/79-V
11/15/79-K
11A5/79-B
11/15/79^0
ll/30/79-W
12/31/79-X
12/31/79-G
1/31/80-K
2/L5/80-G
2/29/80-L
3/31/ 8O-C
4/30/80-N
5/15/80-A
5/31/80-P
6/30/80-D
8/L5/80-H
99.30
99.30
100.01
100.08
99.26
99.18
99.09
99.08
99.03
98.18
100.06
98.22
99.13
98.17
98.14
98.08
100.01
98.10
98.03
99.27
98.01
97.30
98.20
98.09
98.06
100.18
98.29
97.16
98.14
98.18
98.20
98.18
99.04
99.01
97.14
99.06
98.31
99.14
97.30
99.25
99.00
97.06
-.01
-.01
-.04
-.07
.00
.00
.00
-.01
+.01
+.01
-.07
-.03
-.07
-.03
-.04
-.01
-.06
-.02
-.05
-.06
-.07
-.06
-.08
-.05
-.06
-.10
-.07
-.06
+.08
-.08
-.08
-.08
-.09
-.10
-.08
-.10
-.09
-.09
-.10
-.16
-.10
Price range since first traded 1/
Change
from last
month
Issue
/3A
JtA
U
au6
7.44$
7.09
7.31
7.34
7.28
+.53$
+.21
+.34
+.35
+.16
7.53
7.63
7.69
7.64
7.83
7.79
7.93
7.88
7.93
7.98
7.90
7.84
7.92
8.00
7.90
8.05
8.07
8.09
8.10
8.09
8.05
8.08
8.11
7.78
8.07
8.12
8.11
8.10
8.13
8.14
+.23
+.26
+.31
+ .22
+.28
+.30
+.36
+.39
+.32
+.33
+.20
+.19
+.20
+.28
+.18
6/30/76
7/30/76
5/15/75
5/15/74
8/31/76
9/30/76
11/01/76
11A5/71
11/30/76
12/31/76
10/22/75
2/03/77
2/17/76
2/28/77
3/31/77
5/02/77
11/06/74
5/31/77
6/30/77
7/09/75
8/01/77
8/15/72
8/16/76
8/31/77
9/30/77
To
maturity
8.13
8.12
8.07
8.04
8.12
8.16
8.17
+.31
+.27
+.28
+ .22
+.23
+.21
+.20
+.24
-.12
+.24
+ .23
+.21
+.21
+.22
+.23
+.21
+.19
+.16
+.22
+.28
+.21
9/04/75
10/31/77
11/15/76
2A5/73
11/15/73
11/30/77
1/03/78
1/06/76
1/31/78
2A5/77
2/28/78
3A7/76
5/01/78
5/15/73
5/31/78
6A0/76
8A5/77
High
Price
Low
Date
102.17
102.18
103.24
106.10
102.06
101.20
101.01
101.08
100.28
99.27
105.08
100.09
103.09
100.11
100.18
99.28
105.10
100.06
100.04
105.08
99.30
101.23
103.09
100.07
99.22
107.18
100.09
101.28
102.26
103.22
100.01
99.25
105.04
100.02
97.16
12/03/76
12/03/76
12/03/76
2/05/75
12/03/76
12A0/76
12A0/76
12/03/76
12/1^76
12/27/76
12/03/76
4A4/77
12/02/76
100.06
105.04
99.29
103.12
99.26
99.09
100.07
3/22/78
12/02/76
4/25/78
12A0/76
5/26/78
4/20/77
12/02/76
6/28/77
6/28/77
12/03/76
7/26/77
12/10/76
12A0/76
9/06/77
9/29/77
12/02/76
11/29/77
12A0/76
12A0/76
12A0/76
11/30/77
1/04/78
12/02/76
2/01/78
5A9/78
5/17/78
9/06/77
Price
Date
99.22
99.24
97.26
99.24
99.18
99.07
98.25
90.10
98.17
97.27
100.06
98.12
98.23
98.09
98.08
98.02
98.04
98.06
98.03
97.16
98.01
90.04
98.20
98.09
98.05
6/28/76
1/12/78
9/16/75
8/23/74
1/12/78
1/12/78
10A8/77
8/23/74
10/19/77
10/18/77
5/31/78
1/10/78
3/04/76
90.23
98.28
97.16
91.02
92.16
98.20
98.18
99.04
99.01
97.14
99.06
98.31
99.14
91.16
99.25
99.00
97.05
9/16/75
5/26/78
5/31/78
8/23/74
8/23/74
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
8/23/74
5/31/78
1/12/78
9A5/75
1/12/78
5/31/78
9/15/75
5/31/78
8/23/74
5/31/78
5/31/78
5/26/78
June 1978
69
MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 31, 1978.
Table MQ-2. - Treasury Notes-Continued
(Price decimals are 32ds)
Price
Amount
outstanding
(millions)
$4,296
2jl41
4,600
2,692
1,842
4,796
2,809
2,020
3,894
2,514
2,586
2,968
2,543
4,477
3,452
2,697
2,853
2,613
2,747
2,918
2,737
2,902
7,958
2,573
2,309
8,438
2,863
4,203
5,219
9,515
2,387
4,147
3
2
1
2
3
*
14
*
1
*
Description
:
&/8
7-1/8
5-7/8
7
7-3/8
6-7/8
7-3/8
7-1/2
6-3/4
7-5/8
6-3/4
7
-
’
7-3/4
7-1/4
6-1/8
7-7/8
7
8
8-1/8
7-1/8
7-7/8
8
-
-
7-7/8
7
7-1/4
7-1/4
8
7-7/8
8
7-5/8
8-1/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
-
-
-
-
Bid
8/15/80-B
9/30/80-E
ll/15/80-J
12/31/80-F
2/15/81-A
2/15/81-C
3/31/81-H
5/15/81-D
5/15/81-M
6/30/81-J
8/15/81-F
9/30/81-K
ll/15/81-G
ll/15/81-B
12/31/81-L
2/15/82-D
3/31/82-G
5/15/82-E
5/15/82-A
8/15/82-B
11/15/82-F
ll/15/82-C
2/15/83-A
3/15/83-C
11/15/83-B
2/15/84-A
8/15/84-B
2/L5/85-A
5/15/86-A
8/15/86-B
11/15/87-A
5/15/88-A
10/1/78-E0
4/1/79-EA
lO/l/79-EO
4/1/80-EA
10/1/80-E0
4/1/81-EA
10/1/81-E0
4/1/82-EA
10/l/82-E0
4A/83-EA
101.23
97.11
97.24
94.29
97.08
98.02
96.23
97.30
98.10
96.04
98.14
95.25
96.11
98.24
97.00
93.13
98.26
95.28
99.13
99.22
95.24
98.22
99.02
98.12
94.16
95.06
95.04
98.15
97.01
97.28
94.29
98.28
97.14
94.12
91.02
88.12
85.26
83.10
81.00
78.22
76.14
74.10
Footnotes at end of Table UQ.-3.
Yield
To
maturity
Change
from last
month
-.1 8
-.1 1
-.14
-.10
-.11
-.14
-.15
-.14
-.13
-.13
-.15
-.15
-.17
-.16
-.16
-.16
-.21
-.22
-.18
-.21
-.26
-.22
-.25
-.25
-1.02
-.27
-.25
-.26
-1.01
-1.02
-1.05
8.13%
8.15
8.15
8.10
8.15
8.19
8.20
8.17
8.15
8.20
8.19
8.22
8.24
8.17
8.23
8.22
8.24
8.24
8.18
8.21
8.29
8.23
8.24
8.28
8.27
8.33
8.27
8.30
+.24#
+.20
+.22
+.20
+.17
+.21
+.23
+.18
+.17
+.19
+.18
+.19
+.21
8.39
8.36
8.42
8.42
9.40
8.62
8.73
8.47
8.31
8.22
8.12
8.07
8.05
8.01
+.14
+1.00
+.08
+.06
+.04
.00
.00
-.02
-.04
-.06
$2,496
1,754
807
2,702
1,244
2,353
752
1,044
1,216
2,791
1,247
2,867
MB
627
1,501
1,914
1,061
540
692
1,974
2,414
2,771
4,662
1,575
4,246
4,249
1,495
Description
4#
3-1/2
7
6-3/8
3-1/4
6-3/8
m
6- 1/8
3- 1/2
8- 1/4
4- 1/4
7- 1/4
6- 3/4
7- 7/8
7- 1/2
4- 1/8
3
7
3- 1/2
8- 1/2
7- 7/8
8- 3/8
8
8-1/4
7-5/8
7-7/8
_
-
-
-
-
Issue
date
High
Price
1 1 A 5/77
12/07/76
2/15/74
2/IB/75
3/08/77
1/26/76
2/15/78
6/03/77
7/09/76
9/07/77
10/12/76
+„17
+.18
+.20
+.20
+.23
+.17
+.18
+.25
+.19
+.20
11/15/74
12/07/77
1/06/77
3/06/78
4/04/77
5/15/75
8/15/75
10/17/77
11/17/75
2/17/76
+.20
+ .26
+.21
+.18
+.16
+.18
+.18
+ .19
4/05/78
11/15/76
2/15/77
8/15/77
2A5/78
5/17/76
8/16/76
11/15/77
5/15/78
-.37
-.60
-.20
-.17
-.16
+.18
+ .15
+.15
+ .16
+.15
10/01/73
4/01/74
10/01/74
4/01/75
10/01/75
4/01/76
10/01/76
4/01/77
10/01/77
4/01/78
110.06
103.19
99.29
100.11
103.28
105.08
97.00
105.08
99.22
100.30
106.10
99.25
104.10
106.30
99.24
99.30
100.07
101.25
Date
12A0/76
12/02/76
11A5/77
12/03/76
11/26/76
12/02/76
5A 8/78
12/12/76
2/02/78
6/28/77
12/02/76
9/06/77
11/26/76
Low
Price
108.04
108.20
99.15
107.20
100.29
12/03/76
12/10/76
10/06/77
12/03/76
3/21/78
100.21
97.11
97.24
94.29
91.14
95.06
96.22
97.30
98.10
96.04
98.14
95.25
96.11
96.12
97.00
93.13
98.26
95.28
97.01
97.20
95.24
98.12
99.02
99.29
104.04
101.30
101.00
100.22
4A7/78
12A0/76
6/28/77
9/06/77
3/21/78
12/30/76
12/30/76
12/21/77
5/17/78
5/31/78
5/31/78
5/31/78
5/31/78
12/30/77
12/30/77
7/31/77
12/30/77
3/31/77
3/31/78
98.12
94.16
95.06
95.04
98.15
97.01
97.28
94.29
98.28
77.20
75.12
73.04
74.10
72.00
74.16
76.20
78.00
76.14
74.10
107.20
108.20
99.10
99.14
97.14
94.12
91.02
88.12
85.30
83.24
82.26
79.20
77.30
74.26
12/02/76
12/01/77
12/31/76
4/17/78
4/14/77
Date
y m
5/31/78
5/31/78
8/23/74
9/01/75
5/26/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
9A6/75
5/31/78
5/31/78
5/31/78
5/31/78
9/16/75
9/15/75
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
5/31/78
9/30/74
9/30/74
10/31/74
4/30/75
10/01/76
5/28/76
10/01/76
3/31/77
5/31/78
5/31/78
Table MQ-3. - Treasury Bonds
Price
Amount
out
standing
(millions)
Price range since first trade 1/
Change
from last
month
2A5/80
11A5/80
8/15/81
2/15/82
6/15/78-83
8/15/84
5A5/85
5/15/75-85
11A5/86
2A5/90
5A5/90
8/15/87-92
8/ 15/92
2/15/88-93
2A5/93
2/15/93
8/15/88-93
5/15/89/94
2A5/95
5/15/93-98
11A5/98
5/15/94-99
2/15/95-00
8/15/95-00
8/15/96-01
5/15/00-05
2/15/02/07
11A5/Q2-07
Bid
2/
i/
i/
1/
1/
2/
3/
2/
i/
1/
1/
2/
J/
2/
1/
^/
J/
Price range since first trade i/
Yield
Change
from
last
month
To first
call or
maturity
2/
Change
from
last
month
-.06
-.06
-.0 1
-.06
+.02
7.73#
7.56
7.73
8.20
7.62
8.28
7.71
7.98
8.28
6.69
8.43
7.08
8.49
6.'71
8.37
8.50
8.48
+.29#
+.22
+.03
+.09
+.05
+.18
+.10
+.14
+.18
+.01
+.16
+.09
+.17
-.0 1
+.11
+.17
+.19
+.03
+.04
+.37
5.65
8.55
8.53
8.55
8.53
8.51
8.50
8.50
+.06
+.12
+.14
+.12
+.13
+.11
+.12
+.12
94.04
91.02
97.31
94.08
82.00
90.28
76.10
80.12
87.02
74.12
98.20
74.28
89.28
74.30
86.14
94.27
91.28
75.14
74.04
85.28
-.24
-.08
-.1 6
-.30
+.02
-1.08
-.2 0
-1.08
+.06
-.2 6
-1.11
-1.16
-.04
-.10
-3.08
74.04
99.18
93.18
98.08
94.21
97.09
90.22
93.08
-.16
-1.04
-1.09
-1.06
-1.09
-1.05
-1.06
-1.07
Beginning April 1953, prices are closing bid quotations in the over
the-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued”prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
8.46
6.65
5.36
Issue
date
1/23/59
10/03/60
8/15/71
2/15/72
5/01/53
8A5/72
6/03/58
4A5/60
11/15/71
2A4/58
4/07/75
8A5/62
Price
Date
103.18
97.24
110.02
101.14
111.28
100.10
101.04
80.20
100.20
106.26
111.05
104.10
5/L2/61
5/L2/61
11A5/71
3/09/72
8/04/54
12/03/76
5/11/58
5/17/78
11/05/71
4/21/58
12/31/76
12/26/62
i&S
1 / 10/73
1/06/78
8A5/73
4A8/63
2A5/55
5/15/73
10/03/60
5A5/74
2/18/75
8/15/75
8/16/76
5/15/75
2A5/77
11/15/77
Low
High
99.22
99.22
104.14
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
100.28
100.23
1 / 04/73
12 / 30/77
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
12/31/76
12/31/76
12/31/76
12/31/76
12/31/76
6/28/77
11/23/77
Price
71.04
66.24
93.16
86.16
62.02
87.12
61.08
80.12
85.04
59.20
97.00
63.00
89.26
62.18
82.18
94.24
89.16
61.26
59.20
84.04
59.20
97.02
91.22
96.04
94.21
95.00
90.22
93.08
Date
12/29/69
5/24/70
9/18/74
8/28/74
5/26/70
8/27/74
5/26/70
5/31/78
9/29/74
5/26/70
9/12/75
5/26/70
«
8/26/74
5/26/78
S/&/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
9/16/75
9/16/75
5/31/78
9/15/75
5/31/78
5/31/78
On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
2/ Included in the average yield of long-term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
* Less than $500,000.
YIELDS OF TREASURY SECURITIES MAY 31, 1978
B a s e d o n closing bid quotat i o n s
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
S
£
*
H
<C>
c
o
H
>
HH
o
2
ai
o
2
W
>
a>
C
3
w
o
a
»
w
k
>
><
CD
<1
00
ft
to
55
M a r k e t y i e l d s o n c o u p o n i s s u e s d u e in l e s s t h a n 3 m o n t h s a r e e x c l u d e d .
71
June 1978
AVERAGE YIELDS OF LONG -TERM BONOS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate New Aa
bonds 2/ municipal
bonds 2/
Treasury
bonds 1/
Period
Treasury
bonds 1/
New Aa
corporate
bonds 2/
6.86
9.00
New Aa
1 Treasury
municipal 1 bonds 1/
bonds 2/ 1
Monthly series - averages of daily or weekly
1970
1967
4.40
4.47
4.45
4.51
4.76
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
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.18
5.16
5.39
5.28
5.40
5.23 1/
5.09
5.04
5.09
5.24
5.36
5.66
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
Sept..... ......
6.81
Period
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.57
6.57
6.80
6.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
6.91
6.54
6.69
4.45
6.88
7.00
7.28
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
4.20
4.30
4.30
4.50
4.63
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
6.44 5/
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 5/
5.97
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5.62
5.62
5.67
5.66
5.74
5.64
5.59
5.59 U
5.59
5.70
5.69
5.51
5.63
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 2/
7.13
7.18
7.21
7.26
7.36 U
8.24
8.30
8.36
8.40
8.49
5.25
5.20
5.20
10 .
5.20
n.a.
24.
7.40
7.53
7.54
7.54
8.62
8.75
8.73
8.70
n.a.
5.35
5.40
5.38
Treasury
bonds 1/
New Aa
New Aa
I Treasury
corporate
bonds 2/ municipal I bonds 1/
bands 2/ 1
series
Period
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
9.09
9.08
6.22
6.00
8.84
9.00
9.00
9.14
8.97
8.13
6.15
6.25
6.05
5.20
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
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
5.26
5.28
5.19
5.26
5.09
4.94
4.97
Treasury
bonds 1/
New Aa
corporate
bonds 2/
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
4.99
5.06
5.29
5.30
5.22
5.96 U
6.14
6.20
6.11
6.25
6.32
6.53
6.85 U
6.41
6.25
6.30
6.35
6.56
6.54
6.81
7.04
7.09 U
7.02
7.18
7.33 £/
7.30
7.22
6.93
6.77
1973
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
8.21
8.60
9.04
9.39
9.59
10.18
10.30
10.44
10.29
6.93
6.92
5.22
5.40
4.98
4.98
5.14
4.97
6.85
6.82 y
6.70
6.65
6.62 1 /
5.19
5.25
5.42
5.61
5.89
5.92
6.68
6.75
6.55
6.64
6.33
6.33
9.22
9.47
1975
6.68 U
9.17
6.66
8.84
6.77 U
9.48
7.05
9.81
7.01 4/ 5/ 9.76
6.86
9.27
9.56
6.89
7.11 4 /
9.71
7.28
9.89
7.29
9.54
7.21
9.48
7.17
9.59
New Aa
municipal
bonds 2/
4.99
5.11
5.22
5.02
5.04
5.13
6.86
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.73
7.01
6.92
6.38
7.16 4 /
7.20
7.13
7.17
6.99 y
6.98
7.013/
6.94
7.08
7.16 4/
7.24 4/
7.60 5/
7.63
7.74
7.86
New Aa
corporate
bonds 2/
New Aa
municipal
bands 2/
1976
8.97
8.71
8.73
6.32
8.68
9.00
8.90
8.76
8.59
8.37
8.25
8.17
7.90
1977
7.96
8.18
8.33
8.30
8.38
8.08
8.12
8.06
8.11
8.21
8.26
1978
8.70
8.70
8.70
8.88
9.00
6.17
6.34
5.97
6.38
6.39
6.36
6.01
5.87
5.91
5.97
5.41
5.52
5.41
5.59
5.33
5.36
5.32
5.33
5.39
5.15
5.28
5.14
5.21
5.36
5.23
5 25
5*33
5.75
6.88
6.91
6.79
6.67
6.62
Period
Treasury
bonds 1/
New Aa
corporate
bonds 2J
New Aa
municipal
bonds 2 /
Weekly series - averagei for weeks encling 1977 2.,
9..
16.,
23.,
30.,
1978
Jan. 6 .,
13.
20.
27.
Feb.
3,
17.
Mar.
3,
10
17.
24,
31.
7.54
7.55
7.63 5/
7.65
8.66
8.66
8.71
7.64
7.62
7.60
7.59
7.68
8.76
8.69
1/ Treasury bond yields are based on a composite of closing bid quota
tions in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table WQr-3 .
2/ Treasury series based on reoffering yields of new corporate bonds
rated Aa by Moody’
s Investors Service and having an original maturity
of at least 20 years. Prior to June 1973, this series reflected
bonds without call protection. From June 1973 to July 1976, the
series was adjusted to reflect 5 years call protection. Since that
8.79
5.35
n.a.
5.19
n.a.
Apr.
7.,
7.72
8.78
14.,
21.,
7.74
7.73
7.78
8.85
8.91
8.96
28.
5.40
n.a.
5.10
5.50
May
7.82
5.32
5.60
5.
8.98
12.
7.87
5.25
5.70
8.99
8*98
7.86
5.12
5.75
19.
5.24
8.98
7.90
5.90
8.70
5.33
time the series reflects bond yields regardless of the call protection
offered.
2/ Index of new issue reoffering yields on 20 year general obligations
rated Aa by Moody's Investor Service. Prior to June 1970, the series
was compiled by Securities Industries Association. Since then, the
series has been compiled by Treasury.
One or more new long-term bonds added to the average.
An existing bond dropped from the average.
n.a. Not available.
%
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE,
AND MUNICIPAL BONDS
to
>
<
>
O
M
tr*
O
02
o
o
9
a
S3
W
O
2
a
CO
i
* Change in Aa computation method effective June 1973. See footnote following table AY-1.
I-
June 1978
73
INTERNATIONAL FINANCIAL STATISTICS.
Tho tables In this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United State*
liabilities to official institutions of foreign countries*
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund
holdings of convertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund..
Table IFS-6 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 3/
End of
calendar year
or month
1961..............................
1962..,............................
1965...............................
1966.............................
1967..............................
1968..............................
1971..............................
1972..............................
1977-May...........................
July..... .......... .........
1978-Jan..........................
Feb...........................
Mar..........................
Apr............... ...........
1/
2/
2/
y
5/
6/
2/
8/
Total
reserve
assets
(1)
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 2/
14,487
12,167 8/
13,151 y
14,378 ID/
15,883
16,226
18,747 11/
19,312 11/
19,195 13/
19,156 11/
18,927 11/
19,055 11/
18,988 11/
19,048 11/
19,155 U /
19,312 11/
19,454 11/
19,373 11/
19,192 11/
18,842 11/
18,966 11/
(2)
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 9/
11,6 5 2 icy
11,652
11,599
11,598
11,719
11,658
11,658
11,658
11,658
11,658
11,658
11,658
11,719
11,718
Treasury
I
(3,)
22,781 '
20,534
19,45|6
17,767
16,839
15,978
15,513
15,38|8
13,73.3 6/
13,159'
11,982
10,367
10,367
10,732
10,132,
10,410 2/
11,567 ,3&/
11,652
11,599
11,598
11,719
11,629
11,620
11,595
11,595
11,595'
11,595
11,595
11,719
11,718
11,718
11,718
11,718
11,718
11,718
11,718
11,718 (
11,718|
Total 2/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund Tinder quota increases. For corresponding liabilities see Table
IFS-2.
Includes gold held by the Exchange Stabilization Fund (ESF). See
"Account of the U.S. Treasury,”Table UST-3.
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and Federal Reserve System.
The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts related to the United States quota. See Table IFS-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve posi
tion.
Includes gain of $68 million resulting from revaluation of the Ger
man mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
Special
drawing
rights 2/
(4)
_
_
_
_
_
_
_
_
_
_
851
1,100
1,958
2,166
2,374
2,335
2,395
2,629
2,470
2,486
2,498
2,483
2,489
2,530
2,548
2,629
2,629
11/
13/
13/
13/
11/
13/
11/
11/
13/
11/
11/
2,671
2,693
2,669
2,760
11/
11/
13/
11/
2/
10/
Convertible
foreign
currencies 4/
(5)
_
_
_
116
99
212
432
781
1,321
2,345
3,528
2,781 1/
629
276 8/
241
8
5
80'
320
18
95
92
55
55
65
18
16
18
Reserve
position in
International
Monetary Fund 5/
(6)
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/
1,852
2,212
4,434 11/
4,946 H /
4,972. 11/
4,920 U /
4,716 11/
4,859 11/
4,776 11/
4,842 U /
4,933 11/
4,946 11/
173
4,934 13/
18
80
67
141
4,966
4,701
4,388
4,347
11/
11/
11/
13/
9/ iTotal reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock,
$155 million special drawing rights and $33 million reserve position
in the International Monetary Fund.
10/ Total reserve assets include increase of $1,436 million resulting
from change in par value of the dollar on October 18, 1973, consis
ting of $1,165 million total gold,stock, *1,157 million Treasury
gold stock, $217 million special drawing rights, and $54 million
reserve position in the International Monetary Fund.
11/ Beginning July 1974, the IMF adopted a technique for valuing the St®
based on a weighted-average of exchange rates for the currencies of
16 member countries. The United States SDB holdings and reserve
position lin the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDF 1=$1.20635), ‘
the
following end-of-month values amounted to (in million® of dollars):
U.S. ^reserve position
SDR holdings
U.S. total
(net)
in tbe IMF
1977- May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1978-Jan.
Feb.
Mar.
Apr.
May
2,565
2,572
2,572
2,578
2,581
2,586
2,597
2,610
2,610
2,627
2,627
2,626
2,729
5,031
4,964
4,738
4,921
4,831
4,289
4,906
4,790
4,776
4,766
4,466
4,193
4,175
19,349
19,286
19,023
19,212
19,135
19,091
19,177
19,137
19,277
19,129
18,891
18,604
18,763
Treasury Bulletin
74
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
End of
calendar
year or
month
Total
(1)
15,825 2/
16,845 2/
1959..................
19,428
1960 10/.............. f 20,994
\ 21,027
1957..................
1961 10/............... / 22,853
\ 22,936
1962 IQ/.............. / 24,268
24,268
1963 10/.............. f 26,433
\ 26,394
1964 IQ/.............. / 29,313
^ 29,364
29,568
1966 IQ/.............. f 31,144
\ 31,019
1967 10/............. I 35,819
\ 35,667
1968 10/............. / 38,687
\ 38,473
1969 10/............. /
\
1970 10/............. /
\
1971 IQ/ 12/.......... /
^
45,755 11/
45,914
47,009
46,960
67,681
67,808
82,861
92,490 12/
Liquid
liabilities
to IMF
arising from
gold trans
actions 1/
(2)
200
200
500
800
800
800
800
800
800
800
800
800
800
(3)
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
12,948
12,914
14,459
14,425
15,790
15,786
834
1,011
1,011
15,825
14,840
14,895
18,201
18,194
17,407
17,340
1,033
1,033
1,030
1,030
1,019
1,019
566
566
544
544
_
1974 10/............. f 119,255
^ 119,163
126,552
151,357
1977 .................
I92,321r
_
_
-
156,301i
160,956i
163,442i
_
1977-Apr..............
May..............
June.............
168,6l9r
166,299r
174,&72r
178,926®
184,740r
192,321f
1978-Jan..............
Feb..............
Mar.p............
Apr. .p............
194,023r
197,274
207,214
208,512
Total
-
-
_
_
_
-
Short
term
liabil
ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes 2/
(4)
7,917
8,665
9,154
10,212
10,212
10,940
10,940
11,997
11,963
12,467
12,467
13,224
13,220
13,066
12,484
12,539
14,034
14,027
11,318
11,318
15,975 H/11,054
15,998
11,077
23,786
19,333
23,775 - 19,333
51,209
39,679
39,018
50,651
61,526
40,000
66,861 13/43,923
53,072
76,816
76,823
53,079
80,712
49,530
91,976
53,619
64,527
126,Q32
99,843
102,115
103,659
107,608
108,122r
lll,l93r
ll7,Q42r
123,146r
126,032
57,531
58,260
57,413
60,063
56,810
56,805
59,835
62,2343'
64,527
129,783
132,688
140,607
137,412
66,514
70,508
77,594
76,176
Note*
Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Federally-sponsored agencies and U.S. corporations. Table excludes
Intemational 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,
1 / Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Inter
national Monetary Fund to the United States to acquire income-earning
assets.
2/ Includes Bank for International Settlements and European Fund.
2/ Derived by applying reported transactions to benchmark data; break
down of transact ions by type of holder estimated 1960-1963.
l j Excludes notes issued to foreign official nonreserve agencies,
jj/ Includes long-term liabilities reported by banks in the United
States and debt securities of U.S. Government corporations,
Federally-sponsored agencies, and private corporations.
6/ 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.V
Liquid liabilities
to other foreigners
Nonmarket
able U.S.
Treasury
bonds and
notes l j
(6)
(5)
n.a.
n.a.
966
866
876
890
890
751
751
1,217
1,183
1,125
1,125
1,105
860
860
908
908
-
-
200
200
766
766
1,283
1,283
1,534
583
583
1,452
1,452
529
462
Other
readily
market
able
liabil
ities
1/
(7)
-
-
-
9
9
158
158
120
913
913
1,807
1,807
3,219
2,341
3,219
2,341
3,070 H / 1,505
3,070
1,505
3,452
695
3,452
695
346
346
306
295
1,955
1,955
5,236
5,701
9,431
144
9,534
144
15,747
. 543
15,564 12/ 1,673
2,346
16,339
2,346
16,339
19,976
4,535
20,648
5,921
20,443
8,946
5,059
5,059
6,671
11,788
32,116
15,230
16,381
18,344
20,976
20,950
20,917
20,837
20,655
21,128
20,351
20,462
20,443
19,392
23,088
25,581
28,633
31,518
32,116
33,830
33,554
34,528
32,838
20,473
19,602
19,513
19,444
Liquid
liabil
ities
to
banks
6/
(8)
3,472
3,520
4,678
4,818
4,818
5,404
5,484
5,346
5,346
5,817
5,817
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14,472
14,472
23,638
23,645
17,137
17,169
10,262
10,949
14,666
17,694
30,314
30,106
29,516
37,329
42,534r
34,666r
6,106
35,518r
6,524
36,579r
6,985
7,316
7,569r ' «
7,679r 40,392r
8,223i 38,760r
8,932t 37,982r
42,534r
8,946
8,966 40,329r
9,024 40 ,72a
8,972 42,349*
8,054 47,098
LieLuid
lieibilities
to nonmoneShort
taiV in
Market
term
able U.S. teimat ionliabil
al and reGov’
t,
Total ities
gi<mal orreported bonds
gailizations
and
notes
by banks
8/
2/1/
in U.S.
(9)
n.a.
n.a.
2,940
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
5,053
4,909
(10)
2,252
2,430
2,399
2,230
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
4,120
(11)
n.a.
n.a.
541
543
550
516
516
448
448
351
341
376
376
472
528
528
558
558
609
465
4,464
4,589
4,676
4,604
4,138
4,141
5,043
5,932
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,694
4,618
5,502
8,803
8,912
10,701
13,569
16,110i
8,305
8,414
10,000
12,592
14,352r
525
525
647
565
447
447
425
430
498
498
701
977
l,758r
12,875i
13,400
13,623
13,381
ftllf
13,693
15,673a 14,046r
15,7285 14,03%
15,979! : 14,211i
16.1101 14,3522*
16,210 14,392
14,347
16,273
14,366
16,313
16,265
14,291
1,204
1,228
1,396
l,455r
1,556
1,627
1,691
1,768
l,758r
1,818
1,926
1,947
1,974
14,079i
14,628
15,019
(12)
764
1,047
1,190
1,525
1 ,5a
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
1,626
2,003
3,322
3,322
5,623
8,483
7,645
7,713
8,695r
8,185r
6,421r
7,157r
7,414
7,396
7,633
7,645
7,701
7,593
7,945
7,737
Includes marketable U.S. Government bonds and notes held by foreign
banks.
8/ Principally the International Bank for Re construct ion and Development j
the Inter-American Development Bank and the Asian Development Bank.
2/ Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
10/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those showa for the following date.
11/ Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969.
12/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December 31,
1971, as follows: U.S. Treasury certificates, $7 million; nonmarketable U.S. Treasury bonds and notes, $103 million.
13/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
n.a* Not available.
p
Preliminary.
r Revised.
2/
June 1978
75
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. 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
f
(1)
14,425
15,786
15,825
14,840
14,895
18,194
17,407
17,340
15,975
15,998
23,786
23,775
Western
Europe
1/
(2)
(3)
8,508
9,325
8,826
1,789
1,812
1,702
5,043
4,997
4,552
4,552
303
302
291
291
4,713
4,708
259
248
546
546
407
407
14,519
13,823
17,577
10,887
18,619
18,626
415
415
777
788
3,161
3,161
2,653
2,557
2,508
1,863
1,919
2,334
1,414
1,429
1,733
2,544
4,419
4,419
4,448
4,906
4,633
4,398
4,672
4,240
4,338
4,251r
4,46#
A,269
4,858r
4,633
22,551
34,108
45,676
39,486
40,3*4
39,839
41,167
40,427r
40,318r
42,685r
45,435r
45,676
2,983
1,893
1,742
1,883
1,821
1,938
2,460
2,265
2,144
m
1,742
2,078
1,389
4,562
5,145
48,084
1,706
796
m
m
52,512
m
1,873
1,0^6’
1,121
45,701
45,882
70,707
49,238
50,604
53,344
55,669
57,743
60,724
65,039
68,16'fcr
70,707
3,132
3,406
2,334
2,752
2,798
2,700
1978-Jan..,
Feb.
Mar. p.
Apr.p,
129,783
132,688
I40j607
137,412
72,557
74,401
76,238
73,876
f
1969 J/...,
t
/
1970 1/....
f
1971 2/ i/-
/
^
197 2
197 3
197 4
,
.
\
\
A/
(7)
1,865
1,865
1,888
1,911
1,681
1,681
197 5
.
197 6
.
1977
1977-Apr..,
May..,
June.,
July.,
Aug..,
Sept.,
Oct..
Nov...
Dec.#,
1968 1/....
(6)
Other
countries
2J
176
178
245
244
248
303
51,209
50,651
61,526
r
66,861 6/
I
76,816
^ 76,823
80,712
91,976
126,032
99,843
102,115
103,659
107,608
108,l22r
111,193?
117,0421*
123,146r
126.,032
196 7
(5)
Africa
154
160
194
278
278
250
1,333
1,333
1,310
1,867
1,866
1,624
1,624
2,951
2,951
3,980
3,980
^
(4)
1,058
1,283
1,550
1,310
1,310
1,582
Asia
2,740
3,028
3,309
3,900
3,955
4,428
7,771
7,771
10,321
8,070
8,062
7,074 k f
7,074 y
13,620
13,615
30,010
30,134
34,197
45,764 6/
44,328
44,328
1966 I/....
Latin
American
Republics
Canada
4,279
3,853
3,662
3,662
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarket
able U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Government corporations,
Federally-sponsored agencies, and private corporations,
l/ Includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceania, 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
414
413
871
870
2,963
3,025
2,627
2,627
1,897
1,781
9*0
2,03b
1,876
1.598
1,321
1,03?"
$75r
9*tf
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
2/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official 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.
JS/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p
Preliminary,
r Revised.
y
76
Treasury Bulletin
_ _ _ _ _ INTERNATIONAL FINANCIAL STATISTICS^_ _
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year or
month
Total
Total
(2)
(1)
251
893
163
1,440
354
1,692
1965....... .................
484
695
353
516
1,563
3,330
1,692
3,181 4/
1,431
2,480
3,563
9,657 5/ 7,829
1972......................... 15,872
14,333
15,669 6/ 14,210
16,339
14,867
19,976
18,377
1976......................... 20,648
19,102
20,443
19,274
1977-May..................... 20,950
19,542
June....... ............ 20,917
19,542
July.................... 20,837
19,489
20,655
19,339
Sept.................... 21,128
19,839
Oct..................... 20,351
19,089
20,462
19,252
20,44-3
19,274
1978-Jan..................... 20,473
19,345
Feb..................... 19,602
18,515
Mar..................... 19,513
18,478
Apr..................... 19,444
18,449r
May.....................
.9,355
18,412
Belgium
(3)
Canada
1/
Denmark
Germany
Italy
2/
(5)
_
_
_
(6)
(7)
(4)
_
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
700
1,550
1,550
1,550
1,400
1,400
650
550
700
1962.........................
-
-
_
32
32
32
32
20
-
_
-
-
“
-
_
_
20
_
•
_
_
_
_
-
700
600
600
600
600
_
-
-
_
_
_
_
13
_
160
184
177
146
135
25
22
22
_
_
_
_
_
_
-
_
_
_
5,000
11,315
11,670
12,327
16,277
16,879
17.467
17,419
17,419
17,366
17,366
17,866
17,866
17,866
17,467
17,467
17,467
17,467
17,467
17,467
Japan
Korea
(8)
_
_
_
_
C9)
_
_
_
_
15
15
15
15
15
_
_
_
_
_
_
_
_
_
_
_
_
.
_
-
600
_
_
-
300
600
700
_
_
-
-
Sweden
Switzer
land
(10)
(11)
25
25
25
25
25
25
_
_
_
_
20
20
20
20
20
_
_
_
_
_
_
-
-
-
-
-
_
_
_
_
-
-
573
506
573
573
573
573
573
573
536
506
478
448
411
382r
345
Thailand
(12)
_
_
_
..
Taiwan
(13)
_
100
100
100
100
100
_
_
_
_
-
-
_
_
-
_
_
_
_
_
_
_
-
-
Payable in foreign currencies
calendar
year or
month
1963.........................
1965.........................
1966.........................
1967.........................
1968.........................
Total
(14)
251
730
1,086
1,208
342
1,047
1,638
1,750 y
1972.........................
1973.........................
1976.........................
"1977-May.....................
June.............. .....
July....................
Sept................... .
Oct.....................
Nov.....................
Dec.,,........... .......
1978-Jan.....................
Feb.....................
Mar..... ............ .
Apr.......... ..........
May.....................
1,083
1,827 5/
1,539
1,459 6/
1,472
1,599
1,546
1,169
1,408
1,375
1,348
1,315
1,289
1,262
1,210
1,169
1,128
1,087
1,035
Austria
Belgium
Germany
2/
Italy
(15)
_
50
50
101
25
50
50
-
(16)
«.
30
30
30
30
60
_
_
_
(17)
(IS)
200
200
-
_
-
_
-
_
_
_
_
.
-
_
«
275
679
602
50
601
1,051
1,084 y
542
612
306
_
_
_
_
_
_
-
-
-
-
_
_
_
_
_
995r
-
_
_
943
-
-
-
Note: For further information, see "Public Debt Operations,”Table
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 196# through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
}/ In addition, nonmarketable Treasury notes amounting to $125 million
_
125
125
125
226
125
_
_
_
_
_
-
_
_
_
_
_
_
-
Switzerland
(19)
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
1,169
1,408
1,375
1,348
1,315
1,289
1,262
1,210
1,169
1,128
1,087
1,035
-
-
995r
-
-
943
_
Bank for
International
Settlements
(20)
70
93
_
_
-
-
_
_
_
_
-
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IES-1.
4/ 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.
1/ 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 $132 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
K Revised.
June 1978
77
IN TERN ATION AL FINANCIAL S T A T IST IC S
Table IFS-5. - U.S. Position in the International Monetary Fund
Calendar year
or month
1946-58.
1959....
196 0
196 1
1962___
1963....
1964....
1965....
1966___
1967....
1968___
1969....
1970___
1971....
1972....
197 3
197 4
197 5
197 6
197 7
1977-May..
June.,
(In millions of dollars)
Transactions affecting IMF holdings of dollars
________________ during period
Transactions by
U.S. transactions with IMF
other countries
Net
with IMF
Pay
Trans
IMF net
Net
actions
income
ments of gold
sales
borrow in
in
Repur
Purchases
sub
by IMF
ings by foreign dollars of
chases
scrip
IMF 2/ curren
in
1/
dollars J j
tion in
cies
2
/
dollars
dollars
(3)
(5)
(6)
(7)
(1 ) (2 )
(4)
2,063
1^031
11
150
16
525
435
680
776
1,155
-84
22
712 2/
150
1,362
200
541 8/
754 3/
-133
10
218
670
153
July.,
Aug..
Sept.,
Oct..
Nov..
Dec..
1978-Jan.,
Feb..
Mar.
Apr..
May..
-47
600
125
98
2,110
17
16
18
12
15
20
20
19
25
-28
-47
-33
-59
-219
-572
-628
-137
-7
-6
-153
-9
-6
-152
-7
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
268
741
40
-1,073
-442
-2,078
-1,779
195
426
1,893
-231
-635
-53
-188
-47
-65
-42
-5
-145
-7
—6
-151
Note:
The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota m s 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.
In April 1978 the U.S. quota was increased in SDB terms from 6,700
million to 8,405 million.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Represents net loans made to the IMF under the General Arrangements
to Borrow.
2J Positive figures represent purchases from the Fund, of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only 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.
l j Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
2/ Represents the Unite^ States reserve tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund's
holdings of dollars;, which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditio. \ the United States could purchase additional
amounts related to the TJhited States quota.
6/ Includes $259 million gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
2 / Includes $30 million of special drawing rights.
8/ Represents amount paid in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
1,'
442
580
521
719
207
5
31
-10
-65
3/
116
709
285
159
99
8
122
89
60
166
327
290
234
IMF holdings
of dollars at
end of period
Total
change
(8 )
792
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
376
-99
67
226
-57
90
2
-77
116
13
10
300
2,384
18
Amount
Percent
of
U.S.
quota
U.S.
reserve
position
in IMF
at end of
period
1/
.M 2--
J2L
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
3,963 2/
(1°)
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
49
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
3,596 2/
3,663 2 /
44
45
48
47
49
4,972
4,920
4,716
4,859
4,776
3,889 2/
3,832 2 /
3,922' 2/
3,924,2/
3,847 2/
3,963, 2/
3,976 2/
3,986'iV
4,286' 9/
6,670_J/
6,688.2/
420
1,290
2,324
1,935
585
465
552
1,852
2,212
4,434
/
4.946 IQ/
W
10/
10/
IQ/
IQ/
4,842 10 /
4.933 10/
4.946 10/
L9
48
49
49
4.934 10/
49
a
64
Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
>1
1977-Ma y
June..................
July..................
Aug...................
Sept..................
Oct...................
Nov...................
Dec................ .
1978-Ja n
Feb..................
Mar..... ............
Apr..................
Payable to
$he_ytfi,___
4
29
58
May............. .....
Payable to
jftft m
15
18
5
52
10
99
1
43
3a
32
10/ Includes valuation adjustments on net borrowingsby the IMF due to
changes arising from fluctuations in the dollar value of the IMF’
s
unit of account (SDR)> for each month as follows (in million of
dollars):
Increase or
Itefirsaae (-)
1977-May .
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1978-Jan..
Feb..
Mar..,
Apr...
May...
3
-5
1
9
2
18
7
6
-6
-4
Treasury Bulletin
78
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar 1/
Vis-a-Vis
End of calendar
year or month
Currencies of
OECD countries 2/
197 0
197 1
197 2
4
5
6
7
-0.9
-4.8
-10.9
-4.9
-9.6
-9.6
-4.6
-10.3
-
1.0
14.6
-
1.0
14.6
-
16.0
-9.7
-10.3
June..
July..
Aug...
Sept..
Oct...
Nov...
Dec...
1978-Jan...
Feb.,.
Mar.,.
Apr.p.
May p.
-
+0.7
+0.4
+0.5
10.2
-9.5
-9.7
+1.2
+1.1
-
10.6
+ 0.8
-
11.6
-
14.6
+1.0
- 1.0
-14.2
-14.9
-15.9
-15.2
-15.0
This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade. U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes,though such weights do not provide a full
measure of individual currencies1 relative importance in U.S. inter
national transactions because they take no account of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
Where:
8.2
-
-
Hay...
(EQ1)
2 .0
-
-9.4
197 3
197
197
197
197
1W ?
-
Currencies of 46 main
trading countries j/
- Z (A$/fci * Mj./ZM)
is the wei gh t e d average of percentage
changes in the dollar cost o f individual
foreign currencies;
A$/fci is the p ercent change in the dollar
cost o f foreign currency i? and
M j / £ M is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
-0.5
-1.4
-
1 ,8
-3.3
-
(EQ2)
1 .0
Ex - Z(Afc±/$ * X-j/ZX)
Where:
E x is the w ei ghted average of percentage
changes in the foreign currency cost of
dollars;
AfCj:/$ is the percent change in the
foreign currency i cost of dollars; and
Xi/ZX 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 -we ighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E ■ [(Em * m/m+x)*(-l)] + flEx * x/m+x]
Where:
m/m+x is U.S. imports as a proportion
of its total trade w i t h a l l *countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade w i t h all countries in the
set.
2J Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2/ The currencies of 46 IMF member countries which account for approximately
9056 of U.S. total trade,
p Preliminary.
June 1978
79
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 65o0 of January 15, 1°34, Execu
tive Order 100 >3 of February 3, 1°4°, and Treasury regulations
promulgated thereunder. The regulations were amended in Jan
uary l<r? to acknowledge the effects of the International In
vestment Survey Act of 1^76 which provides additional author
ity for the collect’
on of data on international capital flows
sUid international Investment. Statistics on the principal
types of data and the principal countries are published month
ly in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May 31, l W .
The report forms (for
merly Treasury Foreign Exchange Forms) were redesignated in
January !P77 as Treasury International Capital Forms. 1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability* and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of. United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they 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, For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which 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 belcwr specified exemption levels are exempt from
reporting. As described belcw, exemption levels were changed
in some instances beginning with reports filed as of September
30, 1977.
Banks file reports monthly covering their short-term
and long-term liabilities to, and ciaims on, foreigners.
Twice a year they also report their short-term dollar lia
bilities to foreigners in countries not shewn separately on
the monthly report of liabilities. The specified exemption
level applicable to the monthly reports is based on the aver
age for the report dates during a six-month period, including
the current report date. Beginning with reports as of Sep
tember 30, 1977, the specified exemption level was changed
to $2 million. Previously, this exemption level was $500,000.
Banks, securities brokers and dealers, and in some in
stances, nonbanking concerns, report monthly tfceir transac
tions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports are filed by exporters, importers,
industrial and commercial concerns, financial institutions
other than banks and brokers, and other naritrnking firms if
their liabilities or claims, on thesix-montlWaverage basis,
are $2 million or more. Prior to the reports due as of Sep
tember 30, 1077, the applicable exemption level was $500,000.
These firms also report the liquid portion of their claims
±or each month- end when they have reportable claims of $2
million or more. This exemption level was raised from $1
million beginning with the reports due as of September 30,
1?77.
Description of statistics
Data collected on the Treasury International Capital
Forms are published in the "Treasury Bulletin** in five sec
tions . Each section contains all the data relevant to the
same statistical series, with tables showing time series by
type and country, and the detailed breakdowns of the latest
available data.
Treasury Bulletin
80
.CAPITAL MOVEMENTS
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the Intemational
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment” of the Fund, however, axe included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by intemational and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the Uhited States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities*
Sections III and IV show respectively the liabilities
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms ,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics" section, Table IFS-4). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments,
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers aftd* 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 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
The data published
in these sections do not cover all
types of reported capital movements between the United States
and foreign
countries.
intercompany
The principal
capital transactions
exclusions
are the
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.
data on all types of
the Department
Consolidated
capital transactions are published by
of Commerce in
its regular
reports on
United States international transactions.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for Economic
Policy, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
June 1978
81
________________________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
"1957..:..
195 8
195 9
196 0
1961 1/..
1962 £/..
196 3
1964 l/..
196 5
1966 £/..
1967 1/.,
1968.
Total
short
term
liabili
ties
1971£/..
1972....,
197 3
1974 1/.,
1975.,
1976.,
1977
1977-Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1978-Jan.......
Feb.......
Mar p.....
Apr P.....
Official institutions 1/
Total
Total
Payable
in
dollars
(3)
(4)
(1)
(2)
14,383
15,367
17,261
13,6a
14,615
16.231
17,260
7,917
8,665
7,917
8,665
9,154
10,212
9,154
10,212
18,699
18,781
19,908
19,874
21,330
10.940
10.940
11,997
11,963
12,467
10.893
10.893
11,949
11,915
12,437
23,849
23,900
24,072
13,224
13,220
13,066
26,343
26,219
29,370
29.232
32,484
12,539
13,224
13,220
13,066
11,968
12,022
13,882
13,876
S
t
f
18,701
20,015
20,098
21,958
21,958
22,£77
25,467
25,518
25,551
27,724
27,599
1969 I/..
1970 V . ,
(In millions of dollars)
Foreign countries
30,657
30,505
31,717
40,040
40,199
41,719
41,761
55,404
55,428
60,697
69,074
f 94,862
^ 94,771
110,359r
94,338
113,738r
108,990
113,344r
117,033r
124,312r
110,490r
114,7981:
116,029r
117,684r
124,312r
124,482
128,269
137,498
140,452
30.234
38.631
38,786
40,499
40,543
53.632
53,661
14,034
14,027
11,318
11,054
11,077
19.333
19.333
39,679
39,018 &
40,000
10,855
10,851
10,874
19.184
19.185
39,521
38,854 J
39,829
43,796
Payable
in
foreign
currencies
46
46
48
48
30
517
517
152
152
463
202
202
148
148
158
165
171
127
127
127
International and regional
Banks and other foreigners
Payable in dollars
(6)
Banks
(7)
Other
foreigners
(8 )
5,724
5,950
7,076
7,047
3,413
3,460
4,601
4,705
7,759
7,841
7.911
7.911
8,863
10,625
10,680
11,006
5,299
5,380
5.251
5.251
5,713
7,153
7,213
7,360
2,252
2,430
2,398
2,230
2.356
2.357
13,859
13,680
15,337
15,205
18,916
10,023
9,864
11,132
11,008
14,298
27,577
27,709
21,166
21,207
23,412
23,419
16,917
16,949
13,954
10,034
1/
14,643 i ' 10,721 6/
14,340
£/
19,284
23,196
Payable
In
foreign
cur^eycies
59
59
77
113
IMF
gold
invest
ment 2/
<10)
742
752
1,031
1,442
1.317
1.317
2,050
2,084
1,547
1,618
1,618
(11)
200
200
500
691
613
613
800
800
Non
monetary
interna
tional and
regional
2/(12)
542
552
A/
A/
A/
531
751
3,354
3,376
104
104
95
95
104
118
90
3,587
59
3.743
3.743
4,128
4,120
93
72
1,479
1,3a
1,381
77
77
1.287
1,273
4,444
3,939
4,064
4,029
4,038
3,692
3,694
4,618
173
226
226
220
220
228
228
1,483
1,409
1.413
1,221
1,221
1,772
1,767
1,413
1,955
3.171
3.171
2.564
2.564
3,046
739 A/
800
800 ^
$00
800
800
800
800
800
800
800
400
400
400
400
704
704
1,250
1,284
808
818
818
679
581
581
487
473
683
609
613
821
821
1,372
1,367
5,503
53,619
38,619
38,520
39,515
49,921
17,224
29,676
29,467
28,966
36,610
325
469
8,304
8,414
10,000
12,592
639
639
549
719
1.413
1,955
3.171
3.171
5,293
5,450
64.527
64.527
56,886r
41,733r
14,352t
801
2.899
2,899
105,0731:
107,178r
107,615r
57.531
58,260
57,413
47,542r
48,918r
50,202r
113,198r
106,274r
lll,243r
112,633r
114,427r
121,412r
121.234
125,576
134,309
137,565
60,063
56,810
56,805
59,835
62,234r
64.527
66,514
70,508
77,594
76,176
57.531
58,260
57,413
60,063
56,810
56,805
59,835
62,234r
64.527
66,514
70,508
77,594
76,176
33,861r
34,872r
35,917r
38,809r
34,919r
39,679r
38,0l6r
37,156r
41,733r
39,622
39,957
41,493
46,042
12,875
13,400
13,623
13,381
13,693
14,046
14,037
14,211r
14,352r
14,392
14,348
14,366
14,290
805
647
662
945
851
713
744
826r
801
5.287
6,560
5,729
3,835
4,216
3,555
3,3.96
3,258
2.899
3,248
2,692
3,190
2,887
5,287
6,560
5,729
3,835
4,216
3,555
3,396
3,258
2,899
3,248
2,692
3,190
2,887
59,284
67,119
91,691
91,600
89,046
43,923
53,072
53,079
49.530
52,945
52,952
49.530
103,540
53,619
121,4l2r
.8/
i/
1/ Includes Bank for International Settlements and European Fund.
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ Principally the International Bank for Beconstruction and Development
and the Inter-American Development Bamk. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
A/ In addition, IMF gold investment included investments in U.S. Govern
ment bonds and notes which amounted to $109 million at end I960, $187
million at end 1961, and $61 million at end 1963.
2/ Data on the two lines shown for this date differ because of changes
53,134r
49,464r
54,439*
52,798r
52,193r
56,886r
54,721
55,068
56,714
61,389
706
763
855
1,056
5,293
5,450
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the Becond
line are comparable to those shown for the following date.
6/ Data on the second line differ from those dm the first line becaiiae
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.
82
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
fTn mil1 innfi of dnllars)
Official institutions 1 / _________________________________________Banks and other foreigners
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
(1)
Deposits
Demand
Time
2/
(2)
(3)
U.S.
Treasury
bills and
certifi
cates
(4)
Other
short
term
liabili
ties 2/
(5)
4,246
612
762
582
982
3,389
3,389
/19,908
3,261
7,759
1962 3/
7,759
\JL9,874
3,234
21,330 1,402
1963
2,451
7,548
2,820
f 23,849 1,591
7,554
1964
2,816
\23,900 1,591
7,554
24,072
2,862
7,186
1965,
1,535
2,612
6,316
1,679
f 26,343
1966
2,668
\ 26,219 1,679
6,316
2,462
/ 29,370 2,054
7,985
1967
\J29,232 2,054
2,458
7,985
1968,
5,486
1,899
30,234 2,149
1,918
2,951
f 38,631
3,844
iJ.q7DV
Aq 0 /
\ 38,786
1,930
2,942
3,844
2,554 13,367
1970 1/.... /40,499 1,652
1,652
Wo,5a
2,554 13,367
2,504 32,311
//•• 1 53,632 1,620
1971 23J/ stf
\J53,661 1,327 y 2,039 i/32,3U
1972,
2,880 31,453
59,284 1,591
67,119 2,125
3,911 31,511
1973........
91,691
2,951
4,257 34,656
1974
^91,600 2,951
4,167 34,656
89,046 2,644
1975,
3,423 34,199
1976,
2,321 37,725
103,540 3,394
3,528
47,820
1977
1,797
121,412?
1,092
1,092
928
922
1,036
1957
1958
1959
1960
1 3 , 6a
14,615
16,231
17,260
3,C 59
3,511
2,834
3,038
4,392
5,738
6,193
6,02
6,412
f 18,699
( 18,781
1961
f
1977-Apr....
May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
197ft-Jan....
Feb....
Mar. p.
Apr. p.
2/
105,073r
107,178r
107,615r
113,198r
106,274r
lll,243r
112,633r
114,427r
121,412r
121,234
125,576
134,309
137,565
2,747
27676
2,705
3,642
3,122
3,133
2,990
2,557
3,528
2,673
2,782
2,804
3,532
2,335
2,4a
2,476
2,401
2,248
1,987
1,903
1,848
1,797
1,788
2,570
1,777
1,802
41,475r
42,197
41,29lr
41,926r
39,793r
40,770r
43,392r
45,817r
47,820
49,752
52,689
59,302
57,626
1,259
1,259
1,483
1,361
1,360
1,380
1,378
1,321
2,139
2,158
1,612
1,612
3,086
3,177
3,905
6,248
11,081
11,178
9,264
10,179
11,382
10,973r
10,947
10,941r
12,094r
ll,647r
10,914f
ll,550r
12,013r
11,382
12,301
12,468
13,711
13,215
Payable
in
foreign
cur
rencies
(6)
_
Payable in dollars
Banks
Deposits
Demand
(7)
46
46
48
48
30
_
517
517
152
152
158
131
492
76
4,854
4, 917
4, 678
4, 678
43
43
83
83
68
4,102
5,006
5,027
4,90
6,795
6,636
7,933
7,763
10,374
16,745
16,756
12,376
14$
148
12,385
158
7,047
165 2/ 3,399 V
4,658
171
127 y
6,9a
8,248
127
127
8,231
7,534
9,104
10,933
_
-
-
8,726
9,782
9,464
10,136
8,928
9,676
9,677
9,666
10,933
10*,274
10,570
10,113
10,852
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in ’
’
Other short-term liabilities.”
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date: figures on the second
line are comparable to those shown for the following date.
i j Data om 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
g/
2, 737
3,017
3,369
4, 210
463
202
202
_
Time
2/
(8)
U.S.
Treasury
bills and
cert ificates(9)
838
967
967
900
1,249
1,243
1,142
1,142
1,273
1,988
1,999
1,326
1,354
850
320 i '*/
405
529
1,911
1,910
1,873
2,297
2,040
1,695
1,743
2,117
1,820
1,863
1,842
1,858
1,805
2,040
1,995
1,823
1,734
1,771
142
142
113
137
137
129
129
30
20
20
14
14
8
8
%
11
232
232
335
119
ia
104
108
100
144
112
125
127
ia
ia
152
165
161
205
Other foreigners
U.S.
Other ,
Treasury short
Demand Time bills and term
certifi
liabili
2/
cates
ties 2/
(12)
(13)
(14)
(11)
278
209
1,-?66
306
1,951
174
270
295
1,833
148
1,849
233
1,976
230
149
230
420
1,977
149
352
2,096
116
490
116
352
2,096
490
966
469
119
704
1,493
502
72
1,257
1,039
1,523
72
503
1,077
1,531 1,271
1,406
332
87
1,574 1,594
1,842
329
1,819
83
1,513
1,848
1,819
83
329
1,513
302
81
1,927
1,693 2,052
292
81
1,973
1,693 2,054
362
2,621
1,797 2,199
86
312
4,658
107
1,709 1,811
312
1,711 1,935
107
4,644
1,688 1,886
3,202
325
131
1,688 1,895
3,197
325
131
1,660 1,663
96
2,130
274
96
271
6,995 i j 1,660 1,666
9,272
481
65
1,955 2,116
68
933
9,743
2,143 2,359
1,502
277
19,285
2,729 3,796
277
2,729 3,744
1,664
19,094
3,248 4,823
19,224
325
1,604
198
4,015 6,524
25,089
1,854
240
28,619r
4,304r 7,546
2,263r
Other
short
term
liabili
ties 2/
Tml
518
312
740
09
402
23,336r
23,238r
24,236r
26,709r
24,017r
28,035r
26,354r
25,543r
28,619r
27,202
27,399
29,485
33,215
Deposits
3,803
4,111
3,790
7,067
7,200
7,297
201
180
167
1,804
1,908
2,370
3,595
3,751
3,870
4,055
4,080r
4,304r
7,457
7,499
7,£38
7,614
7,576
7,546
7,606
7,526
7,654
7,802
151
328
404
346
373
240
231
268
291
287
2,177
2,116
2,133
2,022
2,182
2,263r
2,310
2,411
2,421
2,229
4,245
4,143
4,000
3,973
Payable
in
foreign
cur
rencies
(15)
59
59
77
113
104
104
95
95
104
118
90
59
93
72
77
77
173
226
226
220
220
228
228
325
469
639
639
549
719
801
805
647
662
945
851
713
744
826r
801
706
763
855
1,056
deposits are included in "Other short-term liabilities"; certain
accounts previously classified as "official institutions’
’are in
cluded with "banks”; and a number of reporting banks are included in
the series for the first time.
SJ 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. r Revised.
June 1978
83
.CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-1-2. - Short-Term Liabilities by Type of Liability—Continued
Part B - International and Regional Organizations
(In millions of dollars)
Nonmonetary international and regional organizations- 2/
End of
calendar year
or month
Total
international
and regional
(1)
f
(
f
{
1968.........................
1969 i/......................
1,483
1,413
1,221
f
19711/...................... (
1977 ........................
1977-Apr.....................
May.....................
June....................
742
752
1,031
1,442
1,317
2,050
2,084
1,547
1,618
1,479
1,381
1,287
1,273
1,772
1,767
1,413
1,955
3,171
5,293
5,450
2,899
Aug.....................
Sept...... .............
Oct.....................
Nov.....................
Dec........... .........
5,287
6,560
5,729
3,835
4,216
3,555
3,396
3,258
2,899
1978-Jan.....................
Feb.....................
Mar. p ..............................
Apr..p.......................................
3,248
2,692
3,190
2,887
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
(2)
Deposits
Demand
(3)
200
200
500
691 A/
613 V
800
800
739 y
800
800
800
800
800
800
800
400
400
400
_
_
_
_
_
-
-
-
_
_
2J Short-term U.S. Government obligations at cost value, and deposits
Time 2/
U.S. Treasury
bills and
certificates
Other
short-term
liabilities
(4)
(5)
(6)
490
343
449
532
294
572
572
50
209
76
219
354
540
568
70
66
42
56
67
67
68
62
69
119
172
228
122
142
214
173
173
231
186
180
245
268
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 termina
tion of investment, the same quantity of gold was reacquired by the
International Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for Interna
tional Settlements and European Fund. Includes differences between
cost value and face amount of securities in IMF gold investment
account.
124
120
215
231
170
212
178
178
113
83
159
192
192
202
83
111
148
205
139
394
244
211
211
211
326
296
497
2,554
2,701
706
207
170
157
2,849
2,977
2,521
155
147
134
140
142
139
129
120
109
122
2,191
1,990
1,875
802
767
706
2,108
3,233
2,811
1,352
1,900
1,300
2,261
2,155
1,813
959
1,111
1,317
892
1,963
1,273
1,515
1,603
384
207
200
139
73
73
86
101
139
139
290
231
2
*
6
*
55
138
145
138
Payable
in
foreign
cur
rencies
(7)
-
-
-
266
173
118
107
108
224
381
896
892
800
1,474
2,424
2,443
2,250
1,813
_
8
5
11
3
6
13
15
38
32
20
20
11
11
9
4
2
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
t j In addition, IMF gold investment included investment in U.S. Gov
ernment bonds and notes which amounted to $109 million at end I960,
$187 million at end 1961, and $61 million at end 1963.
j>/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
*
Less than $500,000.
p
Preliminary.
2/
Treasury Bulletin
84
________________________CAPITAL MOVEMENTS________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
1977
Calendar year
Country
1974
1975
607
2,506
369
266
4,287
9,429
248
2,577
3,234
1,040
310
382
1,138
10,139
152
7,584
183
4,073
55
82
151
48,813
754
2,898
332
391
7,733
4,357
284
1,072
3,411
996
195
426
2,286
8,514
118
6,886
126
2,970
66
40
134
43,988
3,076
1976
1977
Nov.
1978
Feb.
Mar. p
Apr. p
302
2,680
1,045
302
5,141
8,599
538
6,207
2,951
988
205
703
2,718
12,106
187
12,484
219
1,781
71
68
112
59,407
302
2,796
1,051
315
4,660
10,366
547
5,952
3,050
890
188
646
2,832
12,748
171
11,858
195
1,960
66
98
108
60,798
420
3,041
1,046
363
5,026
11,313
570
5,637
3,139
1,212
174
714
2,817
13,617
115
12,211
138
1,894
98
72
93
63,706
326
3,386
1,065
429
5,480
10,896
563
5,959
3,011
1,466
165
663
3,188
13,198
249
10,953
192
1,736
68
65
128..
, 63,185.
5,351
A,788
4,595
5,997
1,796
3,082
1,106
386
1,218
' 6
358
2,906
2,170
264
93
229
3,001
1,918
189
4,215
187
24
23,149
1,978
3,689
970
411
1,199
7
375
3,002
2,101
266
68
279
3,231
2,050
206
4,124
185
27
24,167
1,860
4,132
1,320
415
1,282
8
440
2,706
2,113
261
240
227
3,422
1,934
6,931
1,432
393
1,338
6
362
2,901
2*225
304
93
54
1,040
1,033
48
994
1,118
1,011
502
453
17,044
737
157
83
215
616
321
12
307
8,142
399
Dee.
Jan.
319
2,547
771
330.
5,248
7,030
603
6,862
2,876
949
273
6l5r
2,718
12,390
130
14,035
232
1,799
65
99
168
60,058r
4,695r
Europe;
Belgium-Luxembourg.................
Denmark............................
Germany............................
Italy.............................
Norway.............................
Turkey.............................
Other Western Europe...............
Poland.............................
Other Eastern Europe...............
3,520
Latin America:
Chile.............................
Colombia...........................
Ecuador...........................
Mexico.............................
Peru..............................
Trinidad and Tobago................
Other Latin American Republics.....
Bermuda............................
Netherlands Antilles 1/ ............
Other Latin America................
Total Latin America................
Asia:
China, People's Republic of
China, Republic of (Taiwan)........
Hong Kong..........................
India.............................
Japan.............................
Korea.............................
Lebanon............................
Pakistan...........................
Singapore..........................
Tnailand...........................
Middle East oil-exporting countries 27
Other Asia.........................
Africa:
Egypt..............................
Ghana..............................
Liberia............................
Morocco............................
South Africa.......................
Zaire..............................
Oil-exporting countries 2 / .........
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..
.....
886
1,054
1,034
276
305
7
122
1,770
510
272
107
165
3,413
1,087
116
449
158
24
348
2,275
363
422
4,875
5,965
403
3,206
3,007
785
239
561
1,693
9,458
166
10,004
188
2,672
77
51
178
46,938
319
2,547
771
330
5,248
7,030
603
6,862
2,876
949
273
6l5r
2,718
12,390
130
14,035
232
1,799
65
99
168
60,058r
375
?,662
1,264
263
4,683
5,580
643
6,778
2,996
641
266
650r
3,136
9,884
118
12,119
171
1,910
75
66
91
54,373r
4,784
4,695r
4,701r
1,538
2,750
1,432
335
1,017
6
319
2,848
1,140
257
167
245
3,095
1,595
164r
1,874
140
103r
1,466
3,534
1,389
359
1,213
6
329
2,803
2,302
286
202
242
2,913
1,941
240r
4,152r
178r
22
11,754
1,147
1,827
1,227
317
417
6
120
2,066
1,099
244
131
172
3,289
1,245
170
1,311
129
26
14,942
19,026
23,579r
22,434*“
1,466
3,534
1,589
359
1,213
6
329
2,803
2,302
286
202
242
2,913
1,941
240r
4,152r
178r
22
23,579r
50
818
530
261
1,221
389
10,931
384
126
63
91
747
245
7
333
4,623
313
21,130
123
1,025
623
126
369
386
10,218
390
117
77
74
698
256
26
252
6,461
317
21,539
47
989
892
648
340
391
14,380
437
140
396
189
627
280
35
275
8,073
332
28,472
53
1,012
1,091
975
406
558
14,634
601
143
157
253
696
295
15
262
7,694r
389
52
926
971
980
739
490
14,835
572
118
171
199
603
267
13
251
7,365
397
28,948
53
1,012
1,091
975
406
558
14,634
601
143
157
253
696
295
15
262
7,694r
389
29,234r
103
18
39
38
230
84
2,814
326
343
23
53
68
169
63
2,239
416
333
27
77
88
143
35
1,116
481
3,551
3,373
2,742
89
2,014
114
2,128
2,831
91,600
2,900
25
202
43
1
89,046
322
1,152
6
315
2,850
986
235
71
258
3,780
1,753
203r
3,302r
184
66
4,157
189
224
3,246
1,979
218
4,948
189
75
25,223
28,797
56
58
1,218
1,049
949
647
507
20,115
753
165
136
192
630
337
27
259
7,792
468
35,298
1 ,014'
460
14,507
605
134
93
203
668
314
13
256
7,978
421
29,697
32,159
1,171
957
487
484
21,755
681
161
126
266
643
301
14
314
8,010
426
36,868
331
27
89
31
240
30
1,214
598
2,560
404
35
82
66
175
39
1,154
576
2,532
346
21
89
100
192
41
1,178
535
357
22
80
79
252
50
1,264
538
341
35
67
51
185
45
1,225
517
69
32
175
45
1,396
498
2,300
404
35
82
66
175
39
1,154
576
2,532
2,503
2,643
2,466
2,709
1,911
108
1,154
161
1,269
142
1,154
161
937
190
875
147
1,314
1,411
114,427r
1,314
121,4l2r
1,287
291
1.578
2,922
31
128
147
29
3,258
2,636
7
98
131
28
2,019
103,540
3,171
5,293
5,091
22
136
175
26
5,450
94,771
94,338
108,990
5,064
7
187
34
1
29,234r
2,594
3,422r
935
121,4l2r
2,636
7
98
131
28~
124,312r
2,899
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2,899
457
36
1,138
1,022
1,243
208
1,452
121,234
125.576
134,309
137,565
2,998
13
79
122
36
2.,434
16
70
129
44
2,966
21
60
97
45
2,602
17
112
107
48
3,248
2,692
124,482
124,312r
123,269
il7,684r
2/ Includes Algeria, Gabon, Libya, and Nigeria.
p
Preliminary.
* Less than $500,000. r Revised.
3,190
2,887
137,498
140,452
85
June 1978
_________________________ 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 April 30, 1978
Preliminary
(Position in millions of dollars)
Short-term liabilities payable in dollars
Country
Total
short
term
liabilities
(1 )
Europe:
326
Belgium-Luxembourg....................
Finland...............................
3,386
1,065
429
5,480
10,896
Italy................................
Netherlands...........................
Portugal.... .............. ..........
Sweden.......... ....... .............
United Kingdom.............. .........
563
m
1,466
165
663
3,188
13,198
249
10,953
Cuba.... ......................... .
Ecuador..............................
Mexico...............................
Panama.............................. .
Peru.................................
Trinidad and Tobago..................
Uruguay.......... ............ .
Venezuela......... ............ ......
Other Latin American Republics...... .
Bermuda............. ........ .
British West Indies..... .............
Netherlands Antilles..................
Other Latin America...................
Total Latin America............... .
Asia.
China, People's Republic of
(China Mainland)........ ............
China, Republic of (Taiwan)...........
Hong Kong............................
India.................................
Indonesia............. ...............
Israel................. ..............
Japan................................
Korea........ ................. ......
Lebanon..............................
Malaysia............. ......... .
Pakistan..............................
Philippines...........................
Singapore.............................
Syria..... ...........................
Thailand........................ .....
Other Asia.............. .............
Total Asia........... ..... ..........
Africa:
Egypt....... ...... ......... ....... .
Ghana................. ...............
Liberia............ ................ .
Morocco....... .......................
South Africa.......... .
Zaire................ ................
Other Africa..........................
Total Africa.......................
Q^^JLCpPffiferies :
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.................. ...... .
404
5,272
10,576
492
m
1,408
108
460
3,156
12,242
242
128
59,461
65
Canada,
Chile................................
3,115
1,045
63,185
68
Bahamas........................... .
306
9,800
188
1,693
67
64
118
192
1,736
U.S.S.R..............................
Other Eastern Europe..................
To forei m banks and official institutions
U.S.
Treasury
Other 1/
Total
Deposits 1/ bills and
certif
icates
(2 )
(3)
(4)
(5)
"'3754T
1,934
6,931
1,432
393
1,338
941
6,819
1,198
174
996
59
374
143
164
205
872
4
3,725
9,208
35
m
m
702
966
151
101
237
268
1,422
241
909
141
548
53
55
109
8,061
252
274
7
*8
55
56
222
200
350
4,709
6,112
-
1
1
*
8
8
2
1
10
32,517
18,883
3,141
335
355
9
838
112
2
26
304
6,515
6
2
28,797
20,663
4,029
929
15,706
58
1,218
1,049
949
647
507
20,115
753
165
136
192
630
337
27
259
8,259
35,298
39
818
581
914
617
293
183
63
71
256
269
305
6
362
2
219
607
1,419
158
76
77
2,100
1,031
44
4,724
61
17
2
160
379
90
121
11
47
371
437
24
663
24
261
862
261
122
89
35
35
261
76
18
76
1,604
4,214
129
175
456
297
25
217
7,668
33,082
457
36
69
32
175
45
1,894
2,709
440
25
13
27
141
42
1,779
2,467
1,287
291
1,578
1,234
269
1,503
1218
89
58
148
137 565
2,602
17
1
9
*
331
18
11
93
750
181
7
16,180
73
42
21
1
_
92
3,441 Z <
21,136
21
4
101
366
200
2,786
395
33
52
119
195
221
918
94
228
7,898
18
144
1,118
948
174
96
128
58
18
400
466
25
30
39
237
24
43
6
17
159
37
212
337
5
141
2,067
414
144
18
128
1,103
872
133
83
22
8
3
197
384
*
*
9
_
16
15
76
31
*
_
6
16
140
31
1
29
4
*
*
_
*
_
*
*
_
_
2
_
41
1
1,750
88
18
17
4
5
4
9
11
11
749
396
10
201
52
18
51
18
759
596
17,958
57,831
46,429
70
14,290
69
11,775
2,601
331
828
1,441
12
10
1
5
1
5
* is(
45
*
*
*
_
_
7
*
*
*
2
12
2
18
5
9
_
_
50
*
*
*
*
15
3
•*
167
336
*.
5
85
1
89
2
_
*
1
1
_
*
_
*
*
-1 f
*
*
_
*
*
*
*
1
5
287
2,229
1,056
3
383
12
6
63
97
*
*
*
892
7
*
7
-
18 *3/1
58 723
1,603
l A 0*39
1/ 90*7
XX, (OtZ
OfVl
CO!
45
60
10
*
_
227
4
1
583
137
*
37
7
7
*
232
34
5
*
*
10
8
333
454
18
30
38
147
23*
43
219
125,096
6
1
236
111
140,452
1
*
*
*
7
5
6
127
138
*
1
3
109
107
48
2,878
14
*
3
797
2,131
2
*
*
*
945
10
2
58-
112
1,142
..U T
16
58
420
26
■
6
95
7,042
10
99
23
87
23
653
49
m
1
142
]_
25
42
587
56
5
-
1
(10 )
15
_
88
_
45
9
1,028 g (
1,106
8
-
Short-term
liabilities
payable
in
foreign
currencies
27
*
*
127
*
*
7
50
2,623
7,732
2
6
252
*
572
*
5
*
1
9
2,062
933
146
1
*
*
*
33
*
52
-
2
1
53
5
26
3
107
48
2,887
112
7
1
*
_
_
_
18
168
28
468
19,828
728
330
49
41
195
19
543
7
392
4
36
101
234
218
342
5
143
2,286
806
l£
5
15
5
I
..... 625"
“
W
.... y , m
358
36
499
*
52
227
1,329
36
65
31
1,711
426
19
4,052
38
9
2,901
2,225
304
93
224
3,246
1,979
218
4,948
189
75
25
829
7
1,016
4
42
7,225
47
810
13
1,666
281
296
167
(6 )
19
129
19
19
175
225
70
402
983
*
*
2,539
... 1,584
"■ .
136
1,319
30
237
844
110
1,422
Total
oreiemers
Co all other “
U.S.
Treasury
Deposits 2/ bills and Other 1/
certif
icates
(9)
(8 )
(7)
*
1
18
18
4
106
18
*
*
4
15
8
23
143
12
33
180
*
2
69
_
3
_
*
8
-
1
2
5
10
1
2
*
3
2
_
_
____
O OOA
_
2
1,058
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
ZJ U.S. Treasury bills and certificates held in custody for the account of oil-exporting countries in "Other Asia" and "Other Africa" amounted to $4,318 million.
* Less than $500,000.
Treasury Bulletin
86
__ ___
fiAPTTAT. M n V B M K M T S
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
Country
Other Western Europe:
Qyprus........................................
Iceland.......................................
Malta.........................................
Monaco........................................
Other Eastern Europe:
Bulgaria......................................
Czechoslovakia................................
Estonia.......................................
German Democratic Republic.....................
Hungary.......................................
Romania.......................................
Other Latin American Republics:
Bolivia.......................................
Costa Rica....................................
Dominican Republic.............................
El Salvador...................................
Guatemala.....................................
Guyana........................................
Haiti.........................................
Honduras......................................
Jamaica.......................................
Nicaragua.....................................
Paraguay......................................
Surinam 1/....................................
Other Latin America:
Belize........................................
French West Indies and French Guiana...........
Other Asia:
Afghanistan...................................
Bangladesh....................................
Burma.........................................
Cambodia......................................
Jordan........................................
Nepal.........................................
Sri Lanka.....................................
Vietnam, (formerly Viet-Nam & North Viet-Nam)....
Yemen (Aden)..................................
Other Africa:
Ethiopia (including Eritrea)...................
F. T.A. I. (French Somaliland)...................
Ivory Coast...................................
Mozambique....................................
Southern Rhodesia..............................
Tanzania......................................
Tunisia.......................................
Uganda........................................
Zambia........................................
Other Countries:
New Zealand...................................
U.S. Trust Territory of the Pacific Islands....
Apr.
Dec.
Apr.
Dec.
1975
1976
1976
1977
1977
7
21
29
10
4
6
33
75
6
8
38
30
43
7
6
69
40
237
7
7
58
32
131
7
24
62
19
n.a.
7
34
16
18
2
7
12
17
36
34
3
36
14
25
19
32
2
17
13
44
14
11
2
3
11
29
34
21
2
11
19
19
11
31
2
24
16
23
34
46
n.a.
15
17
51
68
86
118
90
156
6
21
56
39
99
29
2/
96
118
128
129
219
22
35
88
69
127
46
1/
110
124
169
171
260
45
38
99
41
133
43
y
117
134
170
212
368
39
48
137
59
158
50
13
133
146
275
178
409
33
47
137
35
120
49
30
135
170
280
214
392
43
68
210
43
133
60
17
157
175
326
227
513
27
57
152
32
165
59
14
1972
1973
1974
3
9
17
3
4
19
8
62
4
8
5
10
2
6
5
8
87
92
114
76
132
8
27
58
41
61
22
1/
4
2
4
3
7
3
9
5
7
6
13
10
10
10
7
15
25
72
2
3
4
2
11
5
135
1
n.a.
22
9
12
2
6
3
16
13
88
1
2
41
54
31
4
39
2
28
13
62
2
57
44
34
3
23
2
34
10
66
2
90
55
9
12
23
3
35
27
50
7
112
51
n.a.
n.a.
31
1
49
26
59
11
79
1
10
23
8
2
3
12
7
6
22
7
60
2
18
19
10
1
12
30
29
22
78
14
72
6
17
39
17
1
17
20
34
50
14
57
54
13
4
37
1
33
23
66
5
7
57
1
6
23
6
2
3
11
10
7
28
18
21
65
4
22
3
25
14
126
1
2
95
3
7
31
22
2
4
11
19
13
22
41
10
10
46
22
1
22
48
20
43
35
7
48
5
26
185
18
1
30
57
15
117
55
16
42
2
65
46
30
1
30
46
29
30
22
30
12
39
11
47
11
42
11
48
14
45
13
75
24
80
n.a.
Note:
Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" geographical categories in the
regular monthly series in the Treasury Bulletin.
1/ Surinam included with Netherlands Antilles through December 1975.
n.a. Not available,
June 1978
87
CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
liabilities
(1)
1967 2/.......................
1972 2/.......................
1977 .........................
1977_Apr......................
May.....................
June....................
July....................
Sept....................
Oct.....................
Nov.....................
Dec.....................
1978-Jan.....................
Feb.....................
Apr. p...................
(
C
\
^
Total 1/
(2)
m
10
2
1
7
2
7
28
204
203
988
1,858
1,863
3,166
2,490
1,703
902
2,389
1,600
913
437
1,000
1,018
1,462
1,285
1,812
2,449
2,781
417
417
700
464
1,395
2,123
2,282
2,022
2,247
2,393
2,339
2,339r
2,511r
2,564r
2,749r
2,781
2,726
2,721
2,902
3,135
1,699
1,912
2,045
1,997
l,948r
2,103r
2,132r
2,300r
2,282
>2,224
2,190
2,342
10
2
1
7
2
7
69
310
513
1,494
1962..........................
Foreign countries
2,492
Official
institutions
(3)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
1.807
1.807
Banks
(4)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
15
15
2,341
1,505
695
144
93
93
310
124
931
1,337
1,296
8
55
165
237
238
238
291
261
364
563
603
852
1,080
1,135
1,081
991r
l,059r
l,074r
l,298r
1,296
1,226
1,201
1,167
1,161
563
545
580
571
602
635
635
626
603
605
592
622
740
1/ Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
/
r
Other
foreigners
(5)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
International
and regional
(6)
-
42
106
311
506
Payable in
foreign
currencies
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
35
40
689
698
-
40
40
53
56
777
889
789
446
562
580
761
822
415
269
386
_
87
87
100
79
100
222
384
284
287
329
346
355
409
422
376
384
m
397
553
592
255
266
279
269
313
330
352
352
386
388
416
433
520
1
1
20
21
21
-
-
2
58
113
68
70
70
73
77
?8
80
97*
113
1X4
133
127
123
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
n.a. Not available,
p
Preliminary.
Revised.
88
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 -fn millions of dollars)
EuropeAustria.............
Belgium- Luxembourg...
Denmark.............
Finland.............
France............
Germany.............
Greece..............
Italy...............
Netherlands.........
Norway..............
Portugal............
S p a m ...............
Sweden..............
Switzerland.........
Turkey..............
United Kingdom......
Yugoslavia..........
Other Western Europe.
Poland..............
U.S.S.R.............
Other Eastern Europe.
Total Europe........
Canada................
Latin America*
Argentina.....................
Bahamas.......................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago...........
Uruguay.......................
Venezuela.....................
Other Latin American Republics.
Bermuda.......................
British West Indies...........
Netherlands Antilles l/.......
Other Latin America....... .
Total Latin America.
Asia:
China, People's Republic of
(China Mainland)..........
China, Republic of (Taiwan).
Hong Kong..................
India......................
Indonesia..................
Israel.....................
Japan......................
Korea......................
Lebanon....................
Malaysia...................
Pakistan...................
Philippines................
Singapore..................
Syria...................... .
Tnailand...................
Middle East oil-exporting countries 2/
Other Asia.......................
Total Asia.
Africa:
Egypt.....................
1974
International and regional:
"International.................
European regional.............
Latin American regional.......
Asian regional................
African regional..............
Total international and regional.
Grand Total.......... .......
1/
2/
2/
1976
2
214
*
1
*
*
*
1
4
7
*
66
*
*
n.a.
_
-
■
*
43
*
_
45
307
1
5
8
*
*
10
*
90
*
180
1
5
2
*
226
330
570
696
19
23
29
35
3
62
5
2
1
*
*
10
15
*
*
*
24
3
14
*
*
140
2
90
5
2
4
_
1
23
27
*
*
*
25
4
42
,4
18
-
3
73
7
2
7
_
1
74
30
1
*
1
18
8
83
16
19
*
248
343
*
*
2
*
*
*
1
*
*
n.a,
n.a.
2
*
*
*
894
2
902
2
1
4
*
*
1
7
*
*
n.a.
n.a.
1
*
.
2
1,286
28
1,332
*
1
5
*
4
1
13
*
*
*
*
1
*
1
2
1,285
*
1,315
*
*
n.a.
*
*
*
*
1
*
_
n.a.
*
*
*
*
*
1
146
59
*
8
58
5
1
6
18
22
3
115
n.a.
n.a.
94
1
1
*
*
*
*
*
*
*
1,397
1
2,180
652
351
*
10
54
415
1,812
66
*
135
68
269
2,449
63
107
822
1,285
*
43
*
______1_
2,395
116
*
190
80
386
2,781
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Kuwait, Oman, Qatar , Saudi Arabia, and the
United Arab Emirates (Trucial Statea).
Includes Algeria, Gabon, Libya, and Nigeria
*
43
*
Apr. p
*
21
*
_
47
321
1
5
7
*
1
9
*
84
*
199
*
136
2
—
-
*
29
*
61
413
*
6
12
*
1
*9
313
*
5
10
*
3
7
*
88
*
176
1
6
2
—
*
720r
26
696
701
679
45 .
44
835
45
956
~
2
71
7
2
7
1
79
30
1
*
1
18
8
81
2
19
1
330
3
73
7
2
7
1
74
30
1
*
1
18
8
83
16
19
*
3
71
7
2
8
1
85
19
1
*
1
17
7
88
12
19
*
4
71
7
2
8
_
1
88
19
1
*
1
17
8
88
18
19
*
4
77
7
2
8
1
93
20
1
*
1
18
8
115
17
23
*
4
49
7
2
8
1
87
20
1
*
1
19
8
126
46
19
*
343
342
351
394
396
*
1
5
•*
4
1
13
*
*
*
*
1
*
1
2
1,285
*
*
1
5
*
4
1
13
*
*
•*
*
1
1
_
2
1,216
*
1,315 >
1,245
—
*
*•
1
5
*
4
1
9
*r
*
*
*
1
1
_
3
1,285
2
l,312r
*
_
*
_
*
*
1
5
1
Mar. p
Feb.
45
307
1
5
8
*
*
10
*
90
*
180
1
5
2
—
*
-
,
*
43
*
Jan.
*
23
*
46
310
1
5
7
*
1
9
*
90
*
177
*
6
2
_
*
45
309
*
6
8
*
*
8
5
89r
*
200
1
5
2
*
*
*
*
*
*
4
5
464
Dec.
Nov.
1977
*
39
*
_
19
346
*
6
5
*
*
3
■
*
26
*
124
*
2
n.a.
_
*
6
28
*
(Thflna... .........
Liberia............ ......
Morocco...................
South Africa..............
Zaire.....................
Oil-exporting countries
Other Africa..............
Total Africa.
Other countries:
Australia.....
All other.....
Total other countries.........
Total foreign countries.........
1975
1973
1977
year
Country
-
*
-
7
*
*
*
*
*
4
5
*
*
*
*
-
46
*
*
*
*
*
4
6
*
1
5
*
4
*
12
*
*
* ->
*
1
1
*
1
0
1,222
1,189
1,216
*
4
1
48
1
*
*
4
1
*
*
*
4
6
*
*
*
*
*■
4
6
*
*
~
*
*
1
5
6
*
*
*
*
*
*
*
*
*
*
-
*
-
1
2,338
2,303
101
*
170
81
352
116
*
190
80
386
2,781
118
_
124
190
80
388
205
90
418
2,721
*
Less than $500,000.
P
Preliminary.
Q.a. Not available,
r Revised.
41
3
1,146
*
2.395
2,726
~
•*
3
1,191
3
-
2,397r
2,749r
I
0
139
*
4
1
12
*
*
*
*
4
1
“
3
1,156
*
*
*
*
1
•*
82
3
200
*
_
2,469
2,615
128
205
100
-
177
_
185
158
-
433
520
3,135
" 2,902’
June 1978
89
.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
End of
calendar
year
or month
1957.
1958.
1959.
1960.
1961 1 / .
1962......
196 3
1964 I / ....
1965 1/___
1966 1/ ___
1967 1/....
196 8
1969 1/.•••
197 0
1971 y
2/.
Total
short
term
claims
1977-Apr....
May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1978-Ja
n
Feb....
Mar. p.
Apr. p.
Official
insti
tutions
(1 )
2,199
2,542
2,599
3,594
'4,719
4,777
“
’5,101
5,887
(2 )
2,052
2.344
2,407
3,135
4,177
4,234
4,606
5.344
”7,411
7,957
7,632
7,735
“7,819
7,853
* 8,583
8,606
6,810
2,652
7,333
7.158
7,243
7,399
7,433
8.158
8,182
8,261
2,773
2,968
2,970
* 8,711
f 9,578
{ 9,680
10,802
S
3,170 1
13,272
1972 1/ ___
197 3
197 4
197 5
197 6
1977/......
Total
15,471
15,676
20,723
39,056
50,231
69,237
79,913**
O)
930
1,268
1,309
1,297
1,646
1,660
1,953
1,915
3,139
3,141
3,137
3,150
3,165
3,281
9,063
3,278
9,165
10,192
3,051
12,328
4,503 2/1
12,377
3,969 2/
14,625
5,674
14,830
5,671
20,061
7,660
37,859 11,287
48,888 13,200
67,552r I8,215r
77,8llr 19,955r
64,026r
66,419r
68,079r
68,002r
66j733r
6§,451r
71,889r
73,l60r
77,8llr
16,268r
16,670r
I6,300r
(4)
242
401
351
290
329
329
359
186
223
221
271
271
256
256
306
306
247
262
262
223
231
163
163
284
381
614
1,453
1,019
745
971
Payable in foreign currencies
Other
for
eigners
(5)
386
439
498
524
699
709
953
955
1,374
1,403
1.566
1.567
1.739
1.739
1,603
1,616
1,697
1,946
1,943
1,720
2,613 2/
2,080 2/
2,975
2,970
4,538
7,332
7,635
11,174**
12,982r
10,509r
10,740r
10,267r
ll,603r
10,688r
li;989r
ll,552r
ll,376r
12,982r
11,517
11,732
14,482
14,066
(6 )
303
428
460
482
618
622
642
774
1,055
1,150
1,130
1,132
Collec
tions
out
standing
for
account of
reporting
banks and
domestic
customers (7)
423
421
516
605
694
700
686
832
1,007
1,135
1,268
1,272
1,143
1,145
1,228
1,228
1,367
1,288
1,221
2,535
2,538
2,838
3,574
4,950
5,589
5,954*
1,733
1,954
2,015
2,389
2.475
2.475
3,269
3,276
4,307
5,637
5,467
5,756
6,176r
5,014
4,959
5,049
5,153
6,339
6,317
6,417
6,352
1.073
1.073
1,212
1,667
1,658
65,752r
1,018
68,l82r
1,007
I8,388r
69,847r
5,649
I8,286r
1,085
69,636r
17,758r
1,048
5,334
68*630r
71,179r
19,955r
5,954r
1,019
73,866r
1,102
79,361
5,865
18,484
74,999r
78,447 18,481
5,655
1,093
79,913**
1,021
5,902
21,405
83,744
81,492
83,088 21,284
1,426
5,792
80,517
85,872
85,166
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
2/ Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
m
1,511
1,552
6,200
6,025
6,005
6,045
6,176r
6,342
6,446
6,765
6,910
Accept
ances
made for
account
of for
eigners
(8 )
Other
short
term
claims
(9)
582
3.013
3.013
2,854
3,169
3,202
( 10)
147
198
192
460
699
656
1,233
1,837
1,874
1,967
2,214
2,600
2,621
2,501
2,508
2,450
2,540
Total
384
552
803
422
492
443
464
498
467
509
658
670
3,985
543
543
495
543
601
624
474
492
420
420
425
425
450
516
516
610
4,243
4,254
3,204
3,226
4,160
11,237
11,147
12,358
14,212
1,107 2/
842
1,679 2/
895
2,478
846
846
2,657
662
3,935
9,698
1,196
1,342
19,075
lj685r
31 ,222r
12,991r
13,087r
13,209*
13,478r
13,610r
13,698r
13,768r
13,462
28,428r
30,345r
32,153**
30,575r
30,144r
31,340r
33,S29r
35,895r
37,469r
l,726r
1,764
l,768r
1,633**
l,896r
l,728r
1,978**
l,838r
40,943
39,831
41,681
2,131
2,070
2,129
2,078
14,212
13,592
13,689
13,892
13,783
37,469r
a , 110
2,101
2,101
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
(11)
132
181
178
Foreign
government
obligations
and
commercial
and
finance
paper
(12)
(13)
15
16
15
238
222
342
343
309
343
342
336
Other
short
term
claims
200
157
182
187
200
186
42
77
102
325
329
240
241
287
287
336
352
352
352
84
89
92
549
548
119
173
441
441
428
669
656
1,103**
223
223
119
289
314
89
941
454
115
238
372
493
707
332
377
302
277
233
265
356
405
454
370
338
402
347
436
522
631
562
658
645
722
593
707
822
837
779
698
958r
864
834*
794**
l,006r
8l8r
900r
841r
941
940
895
948
1,034
54
68
70
70
95
96
110
110
74
70
40
63
67
73
79
74
166
174
174
182
182
of the U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting
banks are included in the series for the first time.
Preliminary.
Revised.
90
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2 - Short Term Claim® by Country
at 'vn<t 01 iH'r'-fi
a itlarb;
1977
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.
Poland..............
U.S.S.R.............
Other Eastern Europe.
Total Europe........
Canada................
Latin America:
Argentina.
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago...........
Uruguay.......................
Venezuela.....................
Other Latin American Republics.
Bermuda.......................
British West Indies...........
Netherlands Antilles l/.......
Other Latin America...........
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan)......
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Lebanon.........................
Malaysia.........................
Pakistan.........................
Philippines......................
Singapore........................
Syria...........................
Tnailand.........................
Middle East oil-exporting countries 2/
Other Asia.......................
Total Asia.
Africa:
Egypt.....................
Ghana.....................
Liberia...................
Morocco...................
South Africa..............
Zaire.....................
Oil-exporting countries J / .
Other Africa..............
Total Africa.
Other countries:
Australia.....
All other.....
Total other countries....
Total foreign countries....
1974-
21
384
46
122
673
589
64
345
348
119
20
196
180
335
15
2,580
22
22
n.a.
46
131
6,255
2,776
15
352
49
128
1,471
416
49
370
300
71
16
249
167
237
86
4,718
38
27
n.a.
103
127
720
3,405
1,203
7,570
1,418
2,221
360
290
713
14
144
1,972
505
518
18
63
704
689
13
219
2,802
1,052
583
21
88
51
1,086
725
89
943
1,460
690
62
111
12,377
4
500
223
14
157
255
12,518
955
59
n.a.
n.a.
372
135
12
49
336
20,532
22
736
258
21
102
491
10,776
1,561
56
n.a.
n.a.
384
369
12
458
330
235
16,226
499
524
249
16,057
111
101
Jan.
95
897
140
104
1,367
687
86
1,130
373
141
103
425
182
719
286
7,416
42
127
85
112
77
14,594
3,803
52
793
130
101
1,616
655
94
1,284
337r
131
140r
414
169
633
312
8,167
56
89
95r
100
79r
15,446r
3,729r
4,052
117
424
158
840
272
7,451
36
61
86
90
83
14,780
4,216
1,180
19,678
3,084
507
573
10
387
2,985r
1,262
769
47
71
1,840
1,032
214
6,590
104r
50
40,383r
1,085
18,382r
2,962
443
554
15
354
3,201
l,672r
735
40
60
1,714
923
173
5,537
144r
188
38,182r
1,180
19,678
3,084
507
573
10
387
2,985r
1,262
769
47
71
1,840
1,032
214
6,590
104r
50
40,383r
1,214
22,131
2,938
507
548
14
386
2,993
1,801
774
67
59
1,736
1,039
93
6,300
92
286
1,131
21,310
2,967
502
541
4
393
2,791
1,673
760
46
56
1,891
1,022
214
5,716
x80
328
42,975
a , 425
22
1,275
466
54
60
347
9,578
1,876
45
105
105
508
354
14
594
1,783
128
17,315
12
1,371
465
35
77
4a
9,770r
2,070
71
87
125
470
458
14
1,265
435
47
54
368
9,476
2,208
52
95
54
476
455
1,312
258
17,672
12
1,371
465
35
77
4a
9,770r
2,070
71
87
125
470
458
30
616
1,583
78
17,758r
616
1,583
78
17,758r
618
1,525
99
17,289
15
1,308
420
54
64
362
9,708
2,066
54
75
81
528
442
58
630
1,570
85
17,524
114
20
53
30
840
7
321
343
1,728
130
10
57
31
823
7
358
332
1,749
114
20
53
30
840
7
321
343
1,728
122
25
62
48
868
8
312
314
1,757
743
117
861
815
124
939
743
117
861
687
127
814
74,987r
79.903r
81,482
1
*
7
1
1
44
662
85
139
1,445
511r
79
929
304
98
65
373
180
485
176
6,277
41
52
n.a.
99
176r
12,220
52
793
130
101
1,616
655
94
1,284
337r
131
140r
414
169
633
312
8,167
56
89
95r
100
79r
15,446r
143
600r
344
6,369
29
50
88
81
67r
13,000r
3,049
3,729r
964
15,336
3,322
387
586
13
293
3,432
1,257
704
31
38
1,564
801
134
5,067
40
302
34,270
3
991
271
41
76
551
10,997
1,714
25
n.a.
n.a.
559
420
32
422
1,228
466
99
565
39,055
535
73
609
50,229
4a
99
540
69,232
International and regional:
International...........
European regional.......
Latin American regional..
Asian regional.......... .
African regional........ .
Total international and regional.,
Grand total.....................
Dec.
1977
n.a.
18
329
98
115
174
855
5
n.a.
9
545
34
231
303
*
50,231
79,903r
1
5
*
_
*
*
*
39,056
Nov.
1976
127
5
n.a.
13
763
29
257
288
1,481
10
1973
5
69,237
2J Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (-Trucial States).
2/ Includes Algeria, Gabon, Libya, and Nigeria.
401
,39
1
1
8
2
7
1
*
79,913r
12
16*20.7,
4,429
81
819
85
129
1,578
842
107
957
465
155
113
433
173
864
293
7,920
46
186
149
69
72
15,538
4,508
1,177
22,549
3,152
502
480
3
403
2,851
1,539
767
50
55
1,828
1,037
176
6,956
84
237
43,843
1,186
21,588
3,054
539
470
3
419
2,616
2,069
746
45
53
1,838
1,043
165
7,467
62
522
43,885
12
1,302
537
80
45
351
10,288
1,842
46
95
124
554
557
97
18,670
16
1,302
766
42
53
312
10,573
1,750
41
88
79
549
626
48
679
1,551
95
18,571
1,768
103
25
45
29
944
7
318
355
1,827
81
17
47
33
937
6
350
330
1,801
661
141
802
725
162
887
723
139
862
85,165
162
111
22
43
34
882
8
360
308
80>.y.l.._.
*1
*
72
812
121
115
1,852
799
115
1,118
468
140
116
416
127
803
276
8,546
34
33
93
77
75
64
6a
2,035
85,863
1
1
7
1
*
*
*
•*
.?„
10
2
9
1
79,913r
81,492
80,517
85,872
85,166
,,
74,999r
98
787
127
108
1,604
663
112
1,121
379
Apr. p
-
*
.jess +han $500,000.
Preliminary,
Not available,
Revised.
2
7
Mar. p
*
*
_______2 _
*
p
n. a.
r
52
751
107
106
1,320
639r
107
1,157
347r
122
120
Feb.
-
-
June 1978
91
.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 April 30, 1978
Preliminary
Country
Europe:
Austria........................
Belgium-Luxembourg..............
Denmark........................
Finland........................
France.......................
Germany.........................
Greece......... ........... .
Italy..........................
Netherlands............ ........
Norway.........................
Portugal.......................
Spain..........................
Sweden.........................
Switzerland....................
Turkey.........................
United Kingdom..................
Yugoslavia.....................
Other Western Europe............
Poland.........................
U.S.S.R........................
Other Eastern Europe............
Total Europe....................
Canada...........................
L a M n Amerlga:
Argentina.......................
Bahamas........................
Brazil........... .
Chile..........................
Colombia.......................
Cuba...........................
Ecuador........................
Mexico.........................
Panama...........................
Peru............. ...... .......
Trinidad and Tobago.............
Uruguay................. .
Venezuela......................
Other Latin American Republics..,
Bermuda........................
British West Indies.............
Netherlands Antilles............
Other Latin America.............
Total Latin America............ .
Asia;
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan).....
Hong Kong.......................
India..........................
Indonesia..... ......... .......
Israel........... ............. .
Japan................... .......
Korea...........................
Lebanon............ ............
Malaysia........................
Pakistan........................
Philippines.................... .
Singapore......................
Syria....... .................. .
Thailand.......................
Other Asia.....................
Total Asia......................
Africa;
Egypt..........................
Ghana..... .....................
Liberia........................
Morocco........................
South Africa...................
Zaire..........................
Other Africa......... ..........
Total Africa....................
Qftfogr C.pmtafes:
Australia......................
All other......................
Total other countries...........
Total foreign countries...........
International and regional:
International............ ..... .
European regional.............. .
Latin American regional.........
Asian regional................. .
African regional............... .
Total international and regional,
Grand total.......................
*
Less than $500,000.
Total
short
term
claims
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Collections
outstanding
Foreign
for account
banks and
of report
Other
ing banks
official
and domestic
insti
customers
tutions
Total
(3)
JiL
81
819
85
129
1,578
842
107
957
465
155
113
433
173
864
293
7,920
46
186
149
69
72
15,538
1,186
21,588
3,054
539
470
3
419
77
617
82
129
1,509
701
106
934
424
153
113
424
165
756
286
7,792
46
185
149
69
72
14,789
3,820
1,183
21,560
3,052
538
465
3
418
40
387
51
33
499
424
25
441
176
90
61
163
124
454
109
1,800
38
79
108
8
43
5,153
788
2,868
1,223
220
333
282
2,291
JiL
34
358
46
19
441
228
10
406
162
49
58
124
103
402
107
1,697
34
77
108
5
37
J2L
JSL
6
30
5
14
58
196
15
35
14
41
3
40
21
51
650
1,1^0
“52”
“4§2“
515
2,849
772
139
238
273
19
451
81
94
158
1,124
478
5(37
124
1,167
247
12,184
8,334
3,850
16
766
42
53
312
10,573
1,750
41
88
79
549
626
48
679
1,647
18,571
15
1,301
763
41
53
312
10,263
1,750
41
86
79
546
623
48
679
1,639
18,237
6
80
192
54
141
82
25
51
*
19
39
422
120
81
17
47
33
937
81
17
47
32
921
62
1,302
&
44
792
41
42
2tL0
9
784
15
6
401
10
30
121
542
179
10
10
11
128
9
15
19
123
107
41
99
459
2,033
73
105
41
93
352
1,546
38
37
11
10
27
11
10
5
18
8
60
26
43,620
1,043
165
7,467
11
142
201
4,5p3
“
W
P
21
41
125
18
50
39
75
8
2
43,885
1,838
608
25
29
1,472
34
103
522
45
53
725
20
59
32
2,608
2,067
745
44
53
1,805
1,041
165
7,324
62
487
2,616
2,069
746
88
43
102
81
13
13
84
101
*
5
991
190
35
8
26
36
51
2
5
9
50
2
6
107
487
1
1
23
iki
17
311
39
39
2
46
97
34
,17
,18
,14
210
158
f8
34
18
Deposits of
reporting
banks and
domestic
customers
with
foreigners
(8)
JZL
7
48
9
8
190
120
Short-term claims payable
in foreign currencies
Accept
ances
made for
account
of
foreign
ers
1
3
29
178
12
10
157
*
2
18
1
2
*
777
155
7
248
149
102
12
232
4
5,635
2
86
14
169
*
1,073
271
76
72
154
45
118
2
6
71
414
110
85
18,674
444
8
17
1
17
66
239
"l90T
213
310
285
23
301
31
1
40
386
4
8
6
1,580
32
90
343
53
4
13
9
621
1
97
510
155
266
1,121
7
6
7
7
76
1
205
3
1
5
2
11
_5_
4
60
31
8,991
36
2
*
5
8
103
4
117
30
27,620
21
21
2
420
2,590
13
359
9
*
463
386
41
9
28
1
3
*
4
52
68
2
6,495
1,225
154
13
6
161
4,762
1,512
5
1
155
33
3
*
143
*
35
1,262
143
*
10
40
42
40
477
52
433
3,150
680
677
6
197
5
360
1,801
1,780
649
411
238
309
767
723
139
703
138
23
81
30
406
862
841
113
29
60
24
84
35
442
134
42
176
85,165
83,087
21,283
15,492
5,792
6,910
13,783
41,110
85,166
83,088
21,284
15,492
5,792
6,910
13,783
41,110
6
68
141
1
23
42
3
*
8
8
108
7
127
J M U - ,
3
47
3
1
27
132
*
3
21
1
1
5
4
11
75
4
270
11
3
1
Other
3
29
1
1
6
*
1
8
2
3
1
5
14
202
7,642
855
"140“ 2,467
20
9
24
3,380
28
16
10
5
23
30
7
64
361
4,064
(10)
5
Foreign
government
obligations
and commer
cial and,
finance
paper
_8_
334
5
26
1
16
15
56
20
15
3
20
2
2,078
12
2
1,034
347
698
1,034
347
698
92
Treasury Bulletin
fiAPITAT. M n V B M l l M T a
Section II * Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
(1)
1,174
1,362
1,545
1,698
2,034
2,160
1963-May 1/.................
1963 y .....................
1964 y .....................
1972 1/....... .............
1977-Apr...................
July..................
Mar. p ................
Apr. p................
f 2,293
( 2,379
/ 2,837
\ 3,030
f 3,971
( 4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
r 4,954
\ 5,063
5,996
7,179
9,536
11,898
12,649r
12,458
12,294
12,186
12,238
12,455r
12,633*
12.641r
I2,358r
12,649r
12^754
12,840
12,960
13,031
Total
Total
Loans
Official
institutions
(4)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
(2)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
(3)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,379
4,914
5,023
5,924
7,099
9,419
11,750
12,394*
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
4,588
5,446
6,490
8,316
10,093
10,676r
833
844
1,160
1,328
1,375
1,432
1,942
12,257
12,091
11,986
10,531
10,395
10,290
1,664
1,692
1,679
12,037
12,237r
12,4l8r
12,411*
12,110r
12,394*
12,513
12,593
12,705
12,788
10,323
10,504
10,609
10,683r
10,425r
10,676r
10,822
10,865
11,093
11,051
1,694
1,741
1,785
l,8llr
l,841r
1,942
1,935
1,986
1,982
1,885
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
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.
660
730
725
728
703
716
793
702
669
528
502
504
575
Banks
(5)
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
591
931
1,567
2,232
2,385
2,193
2,262
2,265
2,226
2,279
2,321
2,409r
2,289
2,385
2,405
2,383
2,467
2,530
n.a. Not available,
p
Preliminary,
*
Less than $500,000.
r
Revised.
Other
foreigners
(6)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
1,659
1,685
2,372
2,550
Other
long-term
claims
Payable In
foreign
currencies
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
(8)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
33
33
54
217
195
288
2
2
*
1
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,314
3,694
4,231
5,374
6,429
6,348r
297
247
274
394
426
352
300
375
435
47$
609
1,103
1,656
1,718
40
40
72
80
116
148
254
6,673
6,442
6,347
1,726
1,696
1,695
201
202
200
6,403
6,484
6,502
6,463r
6,295r
6,348*
6,481
6,496
1,713
1,733*
1,809*
l,728r
1,685
1,718
1,691
1,728
1,612
1,737
202
218
216
229
248r
254
240
247
254
243
6,644
6,636
9
18
15
16
18
25
22
June 1978
93
.CAPITAL M OVEM ENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
______________ (Position at end of period in millions of dollars)
Calendar year
1977
Country
Europe:
Austria.............
Belgium-Luxembourg...
Denmark.............
Finland.............
France............
Germany.............
Greece..............
Italy...............
Netherlands.........
Norway..............
Portugal............
Spain...............
Sweden..............
Switzerland.........
Turkey..... ........
United Kingdom......
Yugoslavia..........
Other Western Europe.
Poland..............
U.S.S.R.............
Other Eastern Europe.
Total Europe...... .
Canada,...............
Latin America:
Argentina..................
Bahamas.......................
Brazil........................
Chile.........................
Colombia......................
Cuba.........................
Ecuador..... .................
Mexico........................
Panama........................
Peru.........................
Trinidad and Tobago......... ..
Uruguay.......................
Venezuela.....................
Other Latin American Republics.
Bermuda..... .................
British West Indies...........
Netherlands Antilles 1/ .......
Other Latin America...........
Total Latin America.
Asia:
China, People's Republic of
(China Mainland)..........
China, Republic of (Taiwan).
Hong Kong..................
India......................
Indonesia..................
Israel.....................
Japan......................
Lebanon..........................
Malaysia.........................
Pakistan.........................
Philippines......................
Singapore........................
Syria...........................
Tnailand.........................
Middle East oil-exporting countries 2,
Other Asia.......................
Total Asia.......................
Africa;
Egypt.....................
Ghana.....................
Liberia...................
Morocco,..................
South Africa..............
Zaire..................
Oil-exporting countries 2/.
Other Africa..............
Total Africa.
Other countries:
Australia.....
All other.....
Total other countries...........
Total foreign countries...........
1976
1974
23
13
50
25
191
83
198
96
33
61
8
122
30
8
83
329
110
23
n.a.
178
244
1,908
501
163
25
840
156
64
1
26
701
77
110
9
2
244
167
3
2,704
555
176
43
1,166
134
63
A
92
224
8
6
250
223
15
23
11
65
67
198
100
201
105
32
41
24
383
42
7
104
861
195
34
n.a.
397
438
3,328,
637
228
156
1,580
210
89
*
81
1,412
118
231
4
7
287
292
17
3,484
132
1,936
153
193
1
9
496
125
1,863
137
182
1
8
483
251r
22
43
137
12
132
1,936
153
193
1
9
496
409
258
1,577
187
110
—
134
1,918
158
191
1
9
486
259
18
43
125
11
5,578r
5,776
28
5,776
12
n.a.
n.a.
135
17
*
19
384
53
1,619
37
37
144
231
296
230
21
n.a.
n.a.
150
15
*
21
220
73
1,795
14
*•
n.a.
1
74
39
62
176
366
7
n.a.
*
150
148
151
269
747
123
40
163
7,171
172
____63_
235
9,504
112
*
350
85
20
155
148
317
271
8
40
7
126
19
*
18
186r
30
1,904
l,781r
382
268
21
n.a.
in,a,
161
5
*
20
146
22
13
n.a.
15
242
83
271
257
890
169
78
26
1
6
2
7,179
31
35
9,536
11,898
1/ Through December 31, 1975, Surinam included with Netherlands Antilles,
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2/ Includes Algeria, Gabon, Libya, and Nigeria.
60
21
78
846
275
17
254
312
142
3,436
425
299
241
1,580
173
105
4,856
2
322
?6?
240r
1,541
157
115
20
354
54
30
142
209
3,484
23
23
48
76
521
112
103
80
47
38
34
299
241 ’
1,580
173
105
3,468
2
23
24
49
73
522
103
113
*3
42
33
36
322
58
23
74
913
267
16
261
313
136
Feb. p
424
2,614
318
Jan.
434
28
35
194
47
43
71
246
258
103
20
31
51
71
464
92
115
78
42
28
31
327
63
21r
78
913
265
14
240
325
145
3,415r
23
24
49
73
522
103
113
83
42
33
36
322
58
23
74
913
267
16
261
313
136
13
14
15
101
Dec.
Nov.
259
18
43
125
11
¥
International and regional:
International...................
European regional...............
Latin American regional.,...... .
Asian Regional..................
African regional................
Total international ana regional.
Grand total.
23
17
60
53
175
63
241
91
46
64
15
187
38
7
88
621
174
51
n.a.
304
387
1977
1978
i
*
348
89
21
141
146
320
268
8
53
4
132
9
*
17
154
31
1,742
6
14
174
14
289
91
190
78
6
15
178
12
287
855
178
70
248
12,57%*
63
3
5
*
71
12,649r
434
*
350
85
20
155
148
317
271
8
40
7
126
19
*
18
186r
30
l,78lr
23
24
48
78
536
89
99
78
47
37
38
319
55
25
68
864
284
14
254
294
156
20
26
51
76
531
112
97
75
45
46
39
333
54
25
69
762
286
17
268
?94
146
3,429
414
3,373
407
m
268
18
41
133
17
282
20
37
137
11
5,915
6,076
6,272
6,323
3
356
86
20
157
137
337
260
8
40
7
128
24
*
16
193
30
*
356
80
19
157
*
355
80
19
157
144
304
253
7
40
7
109
23
*
16
196
30
1,740
1.800
140
297
255
8
40
7
116
24
*
17
211
31
1,760
264
1,684
209
118
*
80
17
157
140
305
248
7
39
7
111
18
*
15
205
30.
X S ==S=S
186r
75r
IS
178
14
290
90
188
88
850
855
863
216
62
178
70
248
63
3
5
*
462
275
1,654
231
115
!54
2,048
165
149
3
11
568
293
20
30
137
10
10
12
185
11
290
91
172
61
3
5
*
419
143
1,995
166
153
4
10
574
I
l 2 ~W ftT
466
14
26
53
75
556
97
96
76
45
51
37
340
66
24
69
797
287
17
277
290
152
3,446
238
1,595
200
106
*
139
1,939
212
172
6
9
547
265
19
37
133
17
6
14
174
14
289
91
190
78
279
12,2&9r
Apr. p
Mar, p
848
4
12
211
11
284
94
177
75
867
5
12
174
11
278
94
174
74
822
170
74
244
176
64
240
171
57
228
155
61
12,682
12,767
63
3
5
*
78
65
4
5
*
-
12,887
60
9
5
*
-
216
12,957
66
4
5
*
-
-
-
69
71
71
73
73
74
12,754
12,840
12,960
13,031
12,358r
12,649r
* Less than $500,000.
p
Preliminary,
n.a. Not available,
r Revised.
Treasury Bulletin
94
CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the Umt*>H States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of April 30, 1978
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Total
long-term
claims
(1 )
Europe:
Austria........................
Belgium-Luxembourg.............
Denmark........................
Finland........................
France.........................
Germany........................
Greece.........................
Italy..........................
Netherlands....................
Norway.........................
Portugal........ ................
Spain..........................
Sweden.........................
Switzerland.................... .
Turkey.........................
United Kingdom.................
Yugoslavia..................... .
Other Western Europe...........
Poland....... .................
U.S.S.R........................
Other Eastern Europe...........
Total Europe................... .
Canada...... ......... ..........
Latin, America:
Argentina......................
Bahamas........................
Brazil.........................
Chile..........................
Colombia.......................
Cuba...........................
Ecuador........................
Mexico.........................
Panama.........................
Peru...........................
Trinidad and Tobago............
Uruguay........................
Vene*zuela......................
Other Latin American Republics..
Bermuda......... ..............
British West Indies............
Netherlands Antilles...........
Other Latin America............
Total Latin America............
Asia:
China, People’
s Republic of
(China Mainland)..............
China, Republic of (Taiwan)....
Hong Kong......................
India..........................
Indonesia...... ...............
Israel.........................
Japan..........................
Korea..........................
Lebanon........................
Malaysia.......................
Pakistan.......................
Philippines....................
Singapore......................
Syria.........................
Thailand.......................
Other Asia....... .............
Total Asia.....................
Africa:
Egypt..........................
Ghana..........................
Liberia........................
Morocco........................
South Africa................... .
Zaire..........................
Other Africa............... ....
Total Africa...................
Otter countries:
Australia...................... .
All other..... ................
Total other countries.......... .
Total foreign countries..........
International and regional:
Intemational............ ..... .
European regional..............
Latin American regional........ .
Asian regional................. .
African regional...... ........ .
Total intemational and regional,
Grand total...................... .
* Less than $500,000.
14
26
53
75
556
97
96
76
45
51
37
340
66
24
69
797
287
17
277
Total
Loans
(2 )
(3)
9
18
50
75
550
97
95
76
40
51
37
338
66
9
15
50
62
505
89
94
63
37
43
10
311
52
5
28
444
229
17
207
Other
(4)
13
45
8
*
13
3
7
27
26
14
4
152
9
48
787
276
17
277
290
149
3,446
3,353
2,711
419
387
317
462
462
271
1,652
231
114
426
23 8
1,534
36
33
118
220
11
109
5
146
7
138
14
568
293
153
2,045
161
149
3
11
568
292
20
20
30
137
10
30
132
10
10
6,323
6,306
5,844
462
352
80
17
157
352
80
17
157
137
305
243
7
39
7
167
76
17
115
133
284
139
186
4
290
273
1,654
231
115
154
2,048
165
149
3
11
140
305
248
7
39
7
111
18
*
15
235
1,731
111
18
*
15
235
1,722
290
Long-term
claims
payable in
foreign
currencies
(5)
20
*
69
16
21
10
12
1
149
1,907
148
145
3
11
491
278
20
30
128
39
7
87
12
9
213
1,297
2
642
93
—
77
15
42
4
21
105
7
24
6
5
22
425
5
5
12
12
174
11
278
94
249
822
174
174
11
11
231
149
82
47
E
&
775
651
155
61
149
61
142
216
210
203
12,957
12,752
11,024
66
4
5
27
4
5
22
124
47
1,728
204
61
74
36
27
13,031
12,788
11,051
39
39
1,737
243
95
June 1978
_________________________________CAPITAL M OVEM ENTS________________________________
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
(2)
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
1957....
(1)
566
491
(3)
428
(4)
62
(5)
75
1958....
499
440
368
71
60
1959....
664
581
512
69
83
I960 2/,,
f
^
574
596
485
507
424
437
61
70
A
j
89
1961-Mar. 2/............
(
674
691
583
600
510
525
73
76
^
91
756
778
673
684
563
572
111
113
V.
f
^
Dec.
1962-June
5/................
Dec.
833
678
569
109
/
^
778
817
626
665
527
551
99
114
f
798
805
637
644
508
513
129
130
^
J
151
161
626
479
148
148
622
585
471
441
151
144 ^
J
140
700
556
144
107
[
943
958
f 136
\
807
A
810
600
210
1,419
1,089
827
262
329
[ 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
{ 3,511
4,428
1,786
2,124
1,399
1,654
387
471
1,725
2,304
I
^
1968....
1 qzIq 5 /
J
763
725
1966, ,
1OA*7 O /
155
*\
775
Dec. 2/............
1965 a/..
83
94
f
1963....
1964-June 2/............
J
V
1970....
)
147
5,780
2,677
2,181
496
3,102
10*71 O/
f 5,863
2,704
2,763
2,229
2,301
475
463
3,159
3,138
10*70 'i /
f 6,659
7,017
3,119
3,414
2,635
2,948
484
466
3,540
3,603
7,899
9,799
4,012
5,922
3,300
5,022
713
900
10,345
10,171
10,105
9,760
10,448
10,941
6,018
5,414
605
3,886
3,877
4,327
6,606
6,604
5,894
5,837
5,772
6,329
7,078
712
767
652
792
745
3,564
3,501
3,336
3,327
3,119
1973....
1974....
1975....
1976....
1977-Mar
June
Sept
Dec.
5,901
1
6,424
7,122
7,822
Note:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for most recent five quarter
ends for which figures are available. Data are also shown
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.
96
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
_________(Position, at end of period in millions of dollars)
' 1976
Calendar year
Country
Eyro£e:
Austria.............
Belgium-Luxembourg...
Denmark.............
Finland.,...........
France............
Germany.............
Greece..............
Italy...............
Netherlands.... .....
Norway..............
Portugal............
Spain...............
Sweden..............
Switzerland.........
Turkey..............
United Kingdom......
Yugoslavia..........
Other Western Europe.
Poland..............
U.S.S.R.............
Other Eastern Europe.
Total Europe........
Canada................
Latin America:
Argentina.................... .
Bahamas 2/.....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.....................
Mexico........................
Panama........................
Peru......... ................
Trinidad and Tobago...........
Uruguay.......................
Venezuela.....................
Other Latin American Republics.
Bermuda.......................
British West Indies...........
Netherlands Antilles.2/.......
Other Latin America...........
1972 1/
2/
2/
7
4
150
162
232
3
949
7
15
103
108
14
4
77
13
105
4
1,118
7
2
2
118
102
9
4
79
12
122
n. a.
n. a.
1,830
1,986
209"*
215"
1
n. a.
27
8
5
n. a.
6
17
35
n.a.
n. a.
19
396
35
9
7
1
n. a.
26
18
4
n. a.
7
17
39
n. a.
n. a.
10
19
323
35
18
8
7
1974
3
139
9
7
140
2
75
9
4
163
145
24
Total Latin America.
519
Asia:
China, People's Republic of
32
(China Mainland)................
28
China, Republic of (Taiwan)......
12
Hong Kong........................
7
India............................
12
Indonesia........................
12
Israel...........................
149
Japan............................
20
Korea........ ...................
n. a.
Lebanon..........................
n.
a.
Malaysia.........................
n. a.
Pakistan.........................
15
Philippines......................
n. a.
Singapore........................
n. a.
Syria............................
5
Tnailand...........................
Middle East oil-exporting countries 4/
^ 117
Other Asia.......................
Total Asia.
410
Africa;
25
Egypt.....................
n. a.
Ghana.....................
n. a.
Liberia...................
Morocco...................
3
7
South Africa..............
Zaire.....................
1
Oil-exporting countries *>/.
Other Africa..............
56
Total Africa.
92
Other countries:
47
Australia.....
All other.....
13
60
Total other countries....
Total foreign countries....
3,119
International and regional:
International............
European regional........
Latin American regional...
Asian regional...........
African regional.........
Total international and regional.
Grand total.....................
1973
40
98
125
9
13
75
48
102
10
961
16
3
n. a.
9
25
2,063
20
138
8
1,263
40
5
n.a.
48
16
263~"
24
38
428
64
12
n. a.
46
13
15
n. a.
2
22
14
*
n. a.
60
21
14
n. a.
2
10
36
51
n. a.
n. a.
6
49
83
n. a.
n. a.
26
4
22
101
593
728
922
32
26
42
34
41
14
14
25
295
37
n. a.
n. a.
n. a.
17
n. a.
n. a.
17
92
19
7
60
50
347
75
n. a.
n. a.
n. a.
25
n. a.
n.a.
6
10
102
183
536
480
708
1,237
25
n. a.
n. a.
3
8
1
10
n. a.
n. a.
15
14
19
3
n. a.
n. a.
14
43
18
12
7
15
19
225
21
n. a.
n. a.
n. a.
16
n. a.
n. a.
5
59
110
112
190
96
30
71
14
44
3,414
12
82
158
3,119
3,414
4,012
Data in two columns shown for this date differ because of changes in
reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
Dec.
1975
524
24
16
203
313
39
124
117
9
19
56
41
158
5,922
1977
Mar.
June
Sept.
Dec. p
299
9
3
149
149
19
172
114
20
4
81
29
134
25
1,007
76
8
n.a.
20
11
2,343
10
169
7
2
200
174
48
131
141
29
13
40
34
190
13
883
123
7
n.a.
9
...
13
2.235
698
113
6
6
15
7
2,144
730
no
6
4
16
6
2,208
8
2,314
309
400
427
448
454
503-
45
277
102
14
17
*
n.a.
82
16
29
n.a.
3
98
76
n.a.
n.a.
35
44
260
72
17
13
*
n.a.
42
256
49
16
18
*
27
50
216
37
24
42
300
49
17
42
*
102
121*
12
50
222
76
13
24
*
13
103
12
22
15
3
208
95
31
119
17
13
19
4
225
89
28
124
9
222
1
2
1,027
14
34
25
n.a.
4
219
141
n.a.
n.a.
9
177
15
2
163
175
80
135
168
37
23
52
36
214
10
138
14
10
157
163
73
154
205
33
20
68
36
236
12
21
22
*
31
12a
11
21
24
20
4
260
101
38
138
10
100
121
11
2
931
1,040-
1,121
1,020
1
1
110
40
3
113
42
39
94
37
172
96
2
138
96
17
7
23
98
37
193
76
n.a.
n.a.
n.a.
53
n.a.
n.a.
24
136
31
277
68
n.a.
n.a.
n.a.
14
n.a.
n.a.
18
..1,031 .
1,695
1.385
37
n.a.
n.a.
27
n.a.
n.a.
45
54
36
2,040
10
100
6
239
391
444
606
57
17
7L
5,743
59
19
..... 77—
6,398
.
276
276
6,018
-
2
2
25
3
59
63
32
2
73
44
8
12
11
r
19
/ 1,268
I
13
2,057
.
29
*
2
fI
30
33
39
374
84
591
53
19
.22L„
6,412
208
-
192
-
208
192
6,606
27
41
80
45
183
95
6,604-
1,087
15
1,890
33
4
4
72
27
39
361
50
589
78
12
119
16
n
171
226
78
139
176
35
12
74
a
245
97
736
92
9
6
11
15
23
3
92
43
164
25
3
1,189
1
8
156
40
37
60
63
695
108
60
58
604
81
3
23
3
78
46
2
15
3
74
69
5
17
1,377
11
17
1,279
7
2,492
.
45
4
5
105
29
48
287
45
568
93
18
98
6,254-
6,968
170
*
-
*
154
-
6,424
10
115
152
25
44
20
-... 11SL
21
107
14
9
236
284
85
161
230
30
11
77
28
257
108
733
90
9
4
24
8
2,526
111
....1?4—
7,122
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
*
Less than $500,000.
p
Preliminary,
n.a. Not available.
U
1/
10
2,737
13
4
6
112
20
46
311
51
563
75
18
93
7,611
*
211
212
7,822 ™
97
June 1978
.CAPITAL MOVEM ENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of December 31, 1977
Preliminary
(Position in millions of dollars) '
Country
Europe:
Austria............
Belgi tun-Luxembourg...
Denmark.............
Finland.............
France..............
Germany.,...........
Greece..............
Italy...............
Netherlands..........
Norway............. .
Portugal..... .
Spain...............
Sweden..............
Switzerland.........
Turkey..............
United Kingdom......
Yugoslavia..........
Other Western Europe.
Poland..............
U.S.S.R.............
Other Eastern Europe.
Total Europe........
Canada........ .......
Latin America:
Argentina..,.
Brazil...
Chile....
Colombia.
Cuba....
Ecuador..
Mexico...
Peru..........................
Trinidad and Tobago ..........
Uruguay......................
Venezuela.....................
Other Latin American Republics.
Bermuda.......................
British West Indies...........
Netherlands Antilles..........
Other Latin America...........
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland)..........
China, Republic of (Taiwan).
Hong Kong..................
India.............. .......
Indonesia..................
Israel.....................
Japan......................
Korea......................
Lebanon....................
Malaysia...................
Pakistan.... ..........
Philippines..... ......... .
Singapore............ .
Syria......................
Thailand...................
Other Asia.................
Total Asia.
Africa:
Egypt.........
Ghana.........
Liberia........
Morocco.......
South Africa...
Zaire.........
Other Africa...
Total Africa...
Other countries:
Australia.....
All other.....
Total other countries.
Total foreign countries.........
International and regional:
International........... ..... ,
European regional..*........
Latin American regional.......
Asian regional..,.............
African regional..............
Total international and regional.
Grand total...... ..............
*
Less than
$500,000.
Total
short-term
liabilities
21
107
14
9
236
284
85
161
230
30
11
77
28
257
108
733
90
9
4
24
2,526
Payable in
dollars
15
92
14
9
224
245
85
114
215
29
11
63
27
186
105
695
89
6
Payable in
foreign
currencies
6
15
12
39
1
47
16
1
*
14
1
70
3
37
1
4
4
24
2,258
268
503
"275”
228
42
300
49
17
42
*
41
219
46
17
41
*
1
82
3
115
10
10
111
22
22
15
23
3
222
92
43
164
25
3
1,189
8
156
40
37
60
63
695
108
2
15
3
74
69
5
17
1,387
2,737
13
4
6
112
20
15
22
3
216
89
42
139
25
3
25
1,062
8
155
38
35
60
62
614
107
1
1
2
*
1
82
1
2
15
3
74
68
4
16
1,375
2,633
1
13
104
13
4
6
111
18
44
46
362
360
563
555
75
18
66
93
83
17
7,611
745
211
212
212
7,822
7,078
745
Treasury Bulletin
98
________________________________ 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 milljons of dollars)
Calendar year
Cotintry
Europe:
Belgium-Luxembourg.................
Denmark............................
France............................
Germany............................
Greece.............................
Italy..............................
Netherlands........................
Norway.............................
Portugal...........................
Sweden.............................
Switzerland........................
Turkey.............................
United Kingdom.....................
Yugoslavia.........................
Other Western Europe...............
Poland.............................
Other Eastern Europe...............
Total Europe.......................
Canada...............................
Latin America:
Argentina..........................
Bahamas 2 / .........................
Brazil. 7 ..........................
Chile..............................
Colombia...........................
Cuba...............................
Ecuador............................
Mexico.............................
Panama.............................
Trinidad and Tobago................
Uruguay............................
Venezuela..........................
0'ther Latin American Republics.....
Bermuda............................
British West Indies................
Netherlands Antilles £ / ............
Other Latin America................
Total Latin America................
Asia:
China, People's Republic of
China, Republic of (Taiwan)........
Hong Kong..........................
India..............................
Indonesia..........................
Israel.............................
Japan..............................
Korea..............................
Lebanon............................
Malaysia...........................
Pakistan...........................
Philippines........................
Singapore..........................
Syria............. ................
Tnailand........................... N
Middle East oil-exporting countries A/)
Other Asia......................... J
Total Asia.........................
Africa:
Egypt..............................
Ghana..............................
Liberia............................
Morocco............................
South Africa.......................
Zaire..............................
1972 1/
1974
1975
Dec.
Mar.
949
*
•*
n. a.
-
2
213
38
*
55
361
20
152
207
*
*
3
5
573
*
983
*
*
n. a.
-
*
175
36
*
31
392
8
150
219
2
*
4
5
572
*
1,112
*
*
n. a.
*
1
266
29
*
24
474
1
144
218
1
*
5
30
590
*
1,236
*
1
n. a.
9
*
10
196
27
*
58
506
1
87
214
1
*
5
31
522
*
1,631
*
1
n. a.
19
*
6
171
31
*
34
396
1
69
277
1
*
5
38
260
1
1,418
*
1
n. a.
16
*
6
173
31
*
32
391
1
57
272
*
*
5
35
178
3
1,386
*
1
*
83
*
2,560
2,613
2,706
2,723
94
104
3,032
100
3,309
64
*
254
43
*
78
348
20
152
236
*
*
3
*
475
1
250
1
1
*
_
n. a.
1
11
3
n. a.
1
2
4
n. a.
n. a.
64
1
340
1
343
1
1
*
n. a.
1
11
1
n. a.
1
2
4
n. a.
n. a.
18
1
385
*
*
*
1
495
*
n.a.
n. a.
*
*
-
_
3,540
1
177
3
1
1
_
n. a.
3
7
*
n. a.
*
1
7
n. a.
n. a.
7
7
216
155
1
238
4
1
1
_
n. a.
3
3
*
n. a.
*
2
6
n. a.
n. a.
29
11
299
87.
1
163
5
1
1
_
n. a.
18
2
*
n. a.
*
2
9
n. a.
n. a.
23
46
271
June
Sept.
Dec. p
6
178
27
*
29
370
1
46
262
1
*
5
35
177
4
1,273
*
1
*
83
*
5
170
27
*
28
407
1
45
272
1
*
6
32
224
2
1,251
*
*
*
83
*
6
168
6
*
26
255
1
42
288
1
*
5
32
241
2
1,229
*
*
*
83
*
2,653
2,497
2,555
2,385
80
76
,1
i !
163
5
1
1
«.
*
23
2
*
_
*
3
8
2
42
21
1
79
1
167
7
1
1
*
26
2
*
*
3
9
2
39
25
1
159
7
1
1
*
30
2
*
1
*
3
8
2
35
25
274
283
*
1
*
*
6
490
*
n. a.
n. a.
n.a.
5
n. a.%
n. a.*
•*
1
503
”’
— — *
n. a.
n. a.
*
*
6
6
*
*
*
1
*
*
8
512
*
n. a.
n. a.
n. a.
6
n. a.
n. a.
*
*
1
*
*
3
367
*
n. a.
n. a.
n. a.
6
n. a.
n. a.
*
2
531
82
460
*
1
1
*
*
4
397
*
n. a.
n. a.
n. a.
7
n. a.
n. a.
*
87
496
*
1
1
*
*
5
397
*
n. a.
n. a.
n. a.
8
n. a.
n. a.
1
9
423
*
n. a.
n. a.
*
6
-
*
n. a.
n. a.
*
4
-
*
n. a.
n. a.
*
*
*
*
n. a.
n. a.
*
1
*
1
8
1
6
2
2
1
2
r
1V.
* i
1
2
*
*
5
413
*
*
*
*
1
*
i
9* ,
432
*
*
*
*
1
f
(
I
1
*
1 i
2
*
*
276
32
*
64
*
66
*
2
33
3,886
65
3,877
66
*
_
-
_
3,877
3,603
_
-
3,603
*
3,886
4,327
57
1
58
, 3-5(,4 ■
_
_
-
_
_
_
_
-
4,327
3,564
58
1
JL
2
*
5
319
*
*
*
*
1
*
*
1
28
*
408
358
¥r
*
*
1
*
1
“
*
1
1
156
7
1
1
*
30
2
■
*
*
*
261
1
3
*
*
4
305
*
*
•*
*
1
*
1
23
*
338
*
*
*
*
1
■
*
*
1
3
2
59
8
67
58
1
59
1
59
3,501
3,336
_
_
_
_
_
_
-
—
59
3,327
_
_
3,327
60
3,119
^
— "
_
-
3.119
_____
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
1/ Includes Algeria, Gabon, Libya, and Nigeria,
* Less than $500,000.
p
Preliminary.
n.a. Not available.
hJ
1
3
9
2
31
18
3
1
1
*
*
1
2
*
*
5
386
*
*
*
*
1
*
1
11
1
*
*
1
*
1
1
1
71
*
i
*
1
*
6
481
*
n. a.
n. a.
n. a.
5
n. a.
n. a.
*
1
471
1
1
1
_
n. a.
3
4
*
n. a.
*
1
7
n. a.
n.a.
5
9
505
Data on the two column shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/
19//
1973
Other Africa.......................
6
J
6
Total Africa.......................
Other countries:
Australia..........................
74
*
All other..........................
Total other countries..............
74
Total foreign countries..............
3,540
International and regional:
International.......................
European regional...................
Latin American regional.............
Asian regional......................
African regional....................
Total international and regional......
Grand total...........................
1976
June 1978
99
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
(In million.: of dollars)
End of
calendar year or
quarter-end month
1/
Short-term claims
Total claims
Payable in
dollars
1957.
1958.
943
'2)
777
720
1959.
1,009
705
(1)
947
I960 2 /...........
f 1,775
1961-Mar. 2/..
f 1,633
June 2/..
f 1,895
Sept. 2/.,
Payable in foreign currencies
Long-term
claims
with bankf
abroad in reporter's
own name
Other short-term
claims payable in
foreign currencies
(3)
637
568
60;
U)
(5)
P?4
875
549
560
248
344
354
385
396
406
78
(6 )
170
63
63
32
223
304
1,432
1,505
1,248
1,305
939
968
58
71
76
89
^ 1,934
1,496
1,528
1,181
1,208
122
126
193
194
f
V 2,117
2,099
1,646
1,664
1,323
1,340
131
132
192
192
2,138
1,636
1,335
150
151
502
f 2,443
y 2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
f
2,051
1,625
2,098
1,668
214
217
212
212
758
769
f 2,929
2,113
2,162
1,712
1,758
201
2,979
200
200
June 2/..,
f 3,048
2,282
1,877
Dec.
f
2,131
2,188
1,739
1,778
V M 59
^ 1,701
Dec..... .
1962-June 2/..,
Dec. 2/..,
1963-Mar.
2,809
^ 2,867
\ 3,164
2,854
2,922
f 3,297
1964-June
Dec. 2/..,
3965 1/ ...... .
J
204
233
399
^
J
453
J
183
766
882
201
191
199
211
723
734
2,430
1,952
220
262
v 3,245
219
260
f
2,776
2,853
2,306
2,338
189
205
281
310
1,081
2,397
2,299
2,000
167
166
229
222
1,169
1,139
3,738
V 3,934
f 3,565
3,438
2,482
2,000
1,911
815
962
1966...........................
3,884
2,628
2,225
167
236
1,256
1967 2/...... .
f 4,483
V 4,581
2,946
3,011
2,529
2,599
201
203
216
209
1,537
1,570
.
5,572
3,783
3,173
368
241
1,790
1969 ZJ...... .
f 5,925
6,523
3,710
4.159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
196 8
4.160
3,579
234
348
2,950
1971 Z/...... .
8,303
8,068
(
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
1972 2/...... .
/" 9,094
^ 9,960
5,723
6,294
5,074
5,643
411
393
238
258
3,370
3,666
12,529
8,471
11,263
12,128
7,584
10,241
11,023
493
473
566
394
548
539
4,057
4,544
4,919
14,162
14,963
13,163
13,947
15,054
13,936
14,517
442
431
448
414
557
585
665
4,922
4,891
4,827
4,625
4,631
197 0
.
1973.
1974.,
1975.
17,047
1976.......
1977-Mar....
June...
Sept...
Dec. p.
19,854
20,994
19,607
20,517
15,806
19,084
16,166
14,983
15,887
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
620
632
750
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.
Treasury Bulletin
100
_____________________________CAPITAL MOVEMENTS_________________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Denmark............................
Greece.............................
Netherlands........................
Norway.............................
Portugal...........................
Spa:n..............................
Sweden.............................
Switzerland........................
Turkey.............................
Yugoslavia.........................
Poland.............................
Canada...............................
Latin America:
Argentina..........................
Bahamas 2/..........................
Brazil.............................
Chile..............................
Colombia...........................
Cuba...............................
Ecuador............................
Mexico.............................
Panama.............................
Trinidad and Tobago................
Uruguay............................
Venezuela..........................
Other Latin American Republics.....
Bermuda............................
British West Indies................
Netherlands Antilles 1/............
Other Latin America................
Total Latin America................
Asia:
China, People's Republic of
China, Republic of (Taiwan)........
Hong Kong..........................
India..............................
Indonesia..........................
Israel.............................
Japan..............................
Korea..............................
Lebanon............. ..............
Malaysia...........................
Pakistan...........................
Philippines....................... .
Singapore..........................
Syria..............................
Tnailand........................... >
Middle East oil-exporting countries4
Other Asia......................... J
Total Asia.........................
Africa:
Egypt..............................
Ghana..............................
Morocco............................
South Africa.......................
Zaire.............................. ^
Oil-exporting countries 5 / .... ....
Other Africa....................... }
Total Africa.......................
Other countries:
Australia..........................
All other..........................
Total other countries..............
Total foreign countries..............
Intemational and regional:
African regional...................
1972 1/
1973
1975
1974
1976
1977
Dec,
Mar.
19
73
29
25
209
190
35
187
81
16
19
153
57
82
48
1,213
12
12
n.a.
23
19
2,502
960
17
106
46
44
278
280
51
230
108
18
49
242
71
102
25
1,545
36
15
n.a.
77
27
3,368
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
1,847
22
21
n,a.
91
50
4,450
16
133
39
81
291
355
33
380
167
41
44
407
62
242
27
1,903
36
14
n.a.
150
70
4,490
21
162
56
77
438
378
51
384
166
51
40
369
90
241
25
2,446
26
20
n.a.
156
85
5,282
1,235
1,613
2,099
2,458
91
n.a.
n.a.
12
23
1,289
55
662
170
25
39
1
n.a.
181
85
36
n.a.
4
92
95
n.a.
n.a.
13
42
1,500
47
626
232
34
40
1
n.a.
238
61
47
n.a.
5
134
1,840
67
594
468
106
54
1
n.a.
308
131
44
n.a.
5
193
199
n,a.
n.a.
20
147
2,335
58
667
409
36
49
1
n.a.
362
91
41
n.a.
4
175
159
n.a.
n.a.
12
303
2,366
44
1,391
682
34
59
1
n.a.
332
74
42
n.a.
5
190
276
n.a.
n.a.
9
441
3,582
*
67
24
33
33
31
456
63
n.a.
n.a.
n.a.
49
n.a.
n.a.
15
*
65
36
33
48
31
508
67
n.a.
n.a.
n.a.
59
n.a.
n.a.
15
11
121
48
37
56
38
943
104
n.a.
n.a.
n.a.
73
n.a.
n.a.
19
17
138
62
37
92
44
1,230
201
n.a.
n.a.
n.a.
97
n.a.
n.a.
24
60
162
110
39
54
1,132
262
n.a.
n.a.
n.a.
96
n.a.
n.a.
22
3
197
96
55
179
41
912
117
n.a.
n.a.
n.a.
86
n.a.
n.a.
22
201
972
201
1,065
239
1,689
384
2,326
549
2,625
568
2,276
7
n.a.
n.a.
3
53
5
6
n.a.
n.a.
4
52
8
9
n.a.
n.a.
3
62
18
15
n.a.
n.a.
7
101
24
22
n.a.
n.a.
30
94
24
28
n.a.
n.a.
11
87
21
.
70
3
51
12
80
19
73
140
90
160
124
216
225
372
256
247
f
\
406
94
20
83
23
107
97
25
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
n.a.
23
19
2,309
899
59
520
175
33
41
1
n.a.
180
19
40
n.a.
4
89
140
n.a.
n.a.
13
222
6,294
123
8,471
116
49
165
11,262
*
*
*
*
-
*
*
*
*
*
*
*
*
*
*
*
*
-
-
-
1
1
*
*
5,723
6,294
8,471
11,263
114
5,723
1/ Data on the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
140
102
39
141
12,127 l
*
*
*
1
12,128
23
170
48
40
436
367
90
473
172
42
35
325
93
154
32
2,475
30
18
69
105
35
5.232
2,426
46
1,881
535
35
75
1
34
317
105
32
13
6
210
191
177
726
14
11
4,408r
7
130
107
35
206
51
969
130
15
19
18
86
43
7
r
f
I
27
426
41
2,316
June
26
218
40
90
413
377
86
440
182
42
30
322
92
179
37
3,027
28
15
74
76
28
Sept,
Dec. p
24
232
44
59
430
393
52
352
161
38
34
307
91
146
32
2.469
20
15
70
62
26 . .
5,057
2,501
24
218
56
13
513
452
41
387
166
42
69
387
118
221
39
2,674
20
25
103
55
31
5,653
2,612
51
2,244
457
28
72
1
43
301
121
28
12
5
240
"
182
175
911
8
60
53
1,873
414
40
85
*
48
304
221
30
12
5
256
197
123
835
8
. 28
4,938
4.535
53
1,906
517
45
84
*
56
316
88
33
17
5
275
207
117
560
12
41
4,333
7
131
93
51
184
70
927
158
18
24
23
12
139
73
5.820 . .
2,573r
g
10
22
424
40
2,315
ii
46
1,023
153
23
28
20
111
36
6
24
435
32
2,388
9
157
98
37
378
38
1,057
173
19
37
33
99
35
8
23
497
50
2,746
22
3
113
24
5
4.1
11
69
17
91
111
393
429
370
346
38
6
43
21
75
15
112
87
397
105
65
170
114
36
150
110
40
149
113
41
153
110
34
144
14,161
14,961
16,165
14,981
15,885
2
1
*
*
2
*
1
*
-
1
*
*
-
1
1
1
*
1
16*166
14,983
15,887
*
1
*
*
1
14,162
82
14,963
fi
75
19
94
75
, 4/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States),
5/ Includes Algeria, Gabon, Libya, and Nigeria,
p Preliminary.
* Less than $500,000.
n.a. Not available.
1
June 1978
101
.CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of December 31, 1977
Preliminary
(Position in millions of dollars)
Country
Total
short-term
claims
Payable in
dollars
Payable in foreign currencies
Deposits with
Other short-term
banks abroad
claims payable in
in reporter’
s own name
foreign currencies
Europe:
Belgium-Luxembourg...................
Germany.............................
Italy...............................
Portugal.............................
Spain................................
Sweden..... ..... ...................
Switzerland..........................
Turkey..............................
Other Western Europe.................
Poland..............................
Other Eastern Europe.................
Total Europe.......................
Canada................................
Latin America:
Argentina............................
Bahamas..............................
Brazil..............................
Chile................................
Colombia.............................
Cuba.................................
Ecuador..............................
Mexico...............................
Panama...............................
Peru.................................
Trinidad and Tobago .................
Uruguay..............................
Venezuela..... ......................
Other Latin American Republics.......
Bermuda..............................
British West Indies..................
Netherlands Antilles..*..............
Other Latin America....«.............
Total Latin America..................
Asia;
China, People's Republic of
(China Mainland).............. .....
China, Republic of (Taiwan).,........
Hong Kong............................
India................................
Indonesia............................
Israel.........................
Japan................................
Korea................................
Lebanon*.......... ..................
Pakistan.............................
Philippines..........................
Singapore............................
Syria................................
Thailand.............................
Other Asia...........................
Africa:
Egypt.... ...........................
24
218
56
13
513
452
41
387
166
42
69
387
118
221
39
2,674
20
25
103
55
31
5,653
18
91
55
12
483
387
39
378
136
33
69
369
113
164
38
2,545
19
12
102
54
30
5,149
*
107
*
*
325
6
19
2
*
28
24
1
5
8
8
*
3
1
14
*
55
*
1
1
*
l
179
2,612
2,139
93
380
53
1,906
517
45
84
*
56
316
88
33
17
5
275
207
117
560
12
41
53
1,852
488
45
82
*
56
305
88
31
15
5
264
194
116
560
12
36
*
54
27
*
1
*
*
1
*
1
*
*
3
9
*
*
*
5
1
*
3
*
2
_
*
11
*
*
1
*
8
4
*•
*
*
*
4,333
4,201
102
31
9
157
98
37
37 8
38
1,057
173
19
37
33
99
35
8
23
547
2,746
9
153
92
34
377
37
866
170
18
37
32
97
32
7
21
537
2,521
38
6
43
21
75
15
199
397
37
4
43
20
66
11
191
371
110
34
144
101
34
134
15,885
14,516
1
*
*
1
*
*
_
-
*
1
41
*
3
22
*
*
15
3
43
1
74
*
12
*
*
*
1
*
3
3
6
Other countries:
Total other countries................
*
3
5
*
1
1
115
2
1
*
*
1
2
1
1
6
139
1
*
2
*
*
76
1
*
*
*
1
1
•*
*
4
87
13
*
1
*
1
6
2
2
12
*
*
9
*
1
........
620
9
......
750
International and regional:
Latin American regional..............
Total International and regional.....
* Less than $500,000.
-
-
-
-
-
-
-
-
-
1
1
-
15,887
14,517
620
750
102
Treasury Bulletin
________________ ______________________________ CAPITAL M O VEM EN TS____________________________
'___________
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
( .r m illions of d olla rs)
Total
short-term
liquid
claims
(1)
End of
calendar year
or month
1965 2/................
1966....................
1967 2/.................
1969 2/.................
1971 2/.................
1972 2/.................
W77-Mar................ .
May................ .
June....... ....... .
July............... .
Aug................ .
Sept............... .
Oct...... .
Nov................
Dec................
1978-Jan................ .
Feb................
Mar.................
917
[
844
973
f 1,078
{ 1,163
1,638
Payable in dollars
Deposits
Total
Demand
(3)
(2)
691
525
805
901
985
1,306
1,068
1,222
847
f
1,318
^ 1*491
1,141
( 1,648
( 1,507
f
1,965
^ 2,373
1,295
1,205
1,615
1,966
3,185
3,357
3.799
5,475
6,769
2,641
2,660
3,042
4,796
5,804
6,462
6,453
7,491
7,702
5,787
5,720
6,796
6,937
7,477
7,780
6,921
7,694
7,575
6,769
6,723
7,044
6,226
6,972
6,652
5,804
6,309
6,947
7,290
f
7,324
7,937
8,446
Time
Short-term
investments 2J
Total
(5)
(6)
114
57
227
219
168
(4)
557
549
19
19
58
66
66
28
699
702
786
1,192
48
697
1,092
1,078
1,446
1,910
250
269
169
55
294
354
302
350
408
2,604
2,591
2,710
4,423
5,402
I
1
5,332
5,138
6,276
6,447
37
69
332
373
402
544
697
757
680
965
455
582
520
490
675
733
695
765
6,279
6,520
5,784
443
524
442
504
445
402
754
737
695
722
924
965
454
485
575
1,014
990
1,157
203
127
6,468
6,207
5,402
5,856
6,462
6,715
45
45
40
50
51
49
177
178
332
133
133
87
116
161
150
951
1,062
Payable in foreign currencies
Deposits
Short-term
Demand
Time
investments 1/
(7)
(8)
(9)
90
86
92
88
69
77
77
222
59
49
49
60
76
86
121
174
183
173
120
68
234
234
307
340
42
68
431
429
511
394
552
I
1
373
423
361
389
396
394
358
374
489
552
561
541
647
113
268
246
286
413
302
310
334
376
358
343
337
348
435
413
453
449
510
.. .J____ ,
1
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.
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.
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Belgium-Luxembourg.............
France.........................
Germany........................
Netherlands....................
Switzerland....................
United Kingdom.................
Canada.........................
Bahamas........................
All other countries 3/.........
Note:
Data represent
c e m s in the United
foreigners reported
are included in the
1973
1974
1975
51
18
10
16
6
6
1,128
775
597
299
279
23
3
10
4
12
15
1,350
967
391
398
63
12
29
3
14
68
1,306
1,156
546
3,185
1977
1976
1978
1977
Nov.
Dec.
Jan.
Feb.
67
33
25
3
16
72
1,837
1,539
1,272
130
37
109
5
26
59
1,989
1,706
1,781
136
37
116
1
25
48
2,098
139
184
113
498
789
946
139
789
118
37
104
2
31
96
1,680
2,108
2,217
197
735
117
34
57
3
51
83
1,787
2,228
2,507
258
812
44
73
1,671
2,386
345
256
1,863
2,086
220
130
37
109
5
26
59
1,989
1,706
1,781
3,357
3,799
5,475
6,769
7,575
6,769
7,324
7,937
8,446
the liquid assets abroad of large nonbanking con:States. They are a portion of the total claims on
by noribanking concerns in the United States and
figures shown in Tables CM-IV-1 through CM-IV-3.
Mar.
80
33
55
7
2,791
375
931
1/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above,
June 1978
103
_____________________________ 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 March 31, 1978
(Position in millions of dollars)
Country
Total
short-term
liquid
claims
(1)
Belgium-Luxembourg..... .......
Payable in foreign currencies
Payable in dollars
Total
(2)
28
France.........................
80
33
Germany....................
Italy..........................
Netherlands....................
Switzerland....................
United Kingdom.................
55
7
44
73
1,671
33
13
5
18
7
1,577
Deposits
Short-term
investments 3/
(5)
(4)
(3)
Total
28
12
13
5
18
7
1,563
21
14
Deposits
(6)
51
Short-term
investments 1/
(7)
*
*
51
*
42
2
26
67
94
42
2
26
67
87
6
332
-
-
2,386
2,007
1,504
503
380
47
Bahamas........................
2,791
2,653
2,653
-
138
138
-
Japan..........................
375
91
86
5
284
113
171
All other countries 2/.........
931
857
825
32
74
73
*
Total..........................
8,446
7,290
6,715
575
1,157
647
510
Note:
Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on foreigners
reported by nonbanking concerns in the United States that are included
in the series published in Tables CM-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
104
.______________________________.CAPITAL MOVEMENTS_______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(roo.tK ji, Ht, pi>.i o f pen'od in
jp’
Li. on > o f collars)
1976
Calendar year
Country
1972 1/
Europe*
2
Belgium-Luxembourg.................
Finland............................
France.............................
Greece.............................
Italy..............................
Netherlands........................
Norway.............................
Portugal...........................
Spain..............................
Sweden.............................
Switzerland........................
Turkey.............................
United Kingdom.....................
Other Western Europe...............
Other Eastern Europe...............
Total Europe.......................
Canada............... ...............
Latin America:
Argentina..........................
Bahamas 2/ ........................
Brazil............. ...............
Chile..............................
Colombia...........................
Cuba...............................
Ecuador............................
Mexico.............................
Panama.............................
Peru...............................
Trinidad and Tobago................
Uruguay............................
Other Latin American Republics.....
Bermuda............................
British West Indies......... ......
Netherlands Antilles 2/ ...........
Other Latin America.... ...........
Total Latin America................
Asia:
China, People's Republic of
China, Republic of (Taiwan)........
Hong Kong..........................
India..............................
Indonesia..........................
Israel.............................
Japan.............................
Korea.............................
Lebanon............................
Malaysia...........................
Pakistan...........................
Philippines........................
Singapore..........................
Syria..............................
Tnail and............ j.............
Middle East oil-exporting countries A/)
Other Asia......................... J
lotal Asia.........................
Africa:
Egypt.................... .........
Ghana..............................
Liberia............................
Morocco............................
South Africa.......................
Zaire.............................. .
Oil-exporting countries Jjj/ .......
Other Africa....................... J
Total Africa.......................
Other countries:
Australia..........................
All other.... .....................
Total other countries..... ...... ,.
Total foreign countries..............
International and regional:
International........... ...........
European regional................
Latin American regional.............
Asian regional........ .............
African regional................ .
Total international and regional.......
Grand total....... ....... ...........
1/
4
7
6
22
7
7
7
6
8
10
2
6
n. a.
*
7
26
7
43
45
364
28
16
65
34
29
27
191
16
13
n. a.
*
5
43
9
37
56
339
30
13
55
25
52
26
290
16
7
n. a.
878
7
53
54
343
25
13
70
34
28
15
163
16
1975
1974
1973
8
1
7
53
23
45
*
37
38
11
11
1
17
59
72
9
34
156
17
13
33
50
57
1
6
1
18
57
37
15
41
217
21
40
280
12
6
6
9
46
42
44
3
364
329
11
8
47
42
59
2
16
81
511
1,283
1,421
1,530
1,475
1,486
1,462
1,473
48
131
145
254
44
19
187
435
13
9
n. a.
153
38
106
36
133
97
34
125
55
36
1*4
248
210
83
34
125
208
32
9
19
178
70
40
144
203
25
9
19
176
12
9
n.a.
79
49
8
112
|
1
1
1
20
19
n. a.
18
154
217
n.a.
n.a.
3
7
1,061
1,391
10
46
7
18
n.a.
18
38
239
n. a.
n. a.
54
4
15
37
92
125
91
n. a.
n. a.
n. a.
85
n. a.
n. a.
164
n. a.
n. a.
n. a.
83
n. a.
n. a.
8
93
613
11
1
172
315
18
9
n. a.
216
115
26
n.a.
18
459
217
n. a.
n. a.
110
180
126
40
n, a.
6
38
31
9
20
187
119
38
140
41
6
6
18
230
26
6
1
1
1
1
1 ,64C
1,521
1,489
1,457
1,371
1 ,40A
52
3
7
24
34
42
3
5
38
3
4
62
194
27
5
3
70
2
6
91
669
73
775
*
n. a.
n. a.
n.a.
n. a.
122
90
197
n. a.
n. a.
n. a.
78
2
66
187
96
220
12
7
9
117
10
C
{
4
1
817
22
2
17
31
1
2
1
26
1
8
12
10
r
24
n
72
87
78
98
127
125
168
147
187
(
86
87
115
100
20
35
19
55
1
2
2
96
2
111
197
20
7
9
140
9
_
2
253
2
*
26
■
*
23
5
5
57
200
220
66
198
2
6
6
94
199
15
7
6
138
9
-
159
8
-
1
1
32
3
833r
30
3
31
9
809
797
*
_
55
*
25
_
49
*
27
10
1
10
6
1
2
-
52
*
25
10
65
199
67
158
72
9
60
165
157
33
17
51
34
18
52
34
17
51
31
16
48
28
15
4,913
4,915
4,875
.
16
_
-
5
105
3,366
29
5
32
17
34
3,662
4,054
49
4,538
4
*
-
4
-
4
-
5
-
6
-
7
-
4
3,370
4
3,666
4
4,057
5
6
7
4,544
4.919
4,922
Data on the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
39
7
19
294
257
4
201
26
21
8
298
3
n. a.
n. a.
49
121
3
4
267
4
94
681
29
7
19
19
229
258
4
*
25
19
20
6
1
2
273
287
n. a.
n. a.
27
n. a.
n. a.
5
112
32
9
15
33
9
n. a.
195
89
172
77
228
n. a.
n. a.
n.a.
89
n. a.
n. a.
5
33
123
7
4
n. a.
n. a.
*
1
12
1,164
20
n. a.
4
n. a.
n. a.
*
4
n. a.
n. a.
*
9
12
3
5
13
8
5
238
83
562
8
742
236
16
32
75
133
65
n. a.
n. a.
n. a.
63
n. a.
n. a.
4
215
46
50
49
7
204
6
60
25
187
17
28
74
156
85
n. a.
n. a.
n. a.
63
n. a.
n. a.
21
754
59
1
21
6
184
40
6
219
7
13
47
50
42
81
827
1,141
1
10
204
2
17
71
70
3
27
82
13
844
833
39
1
238
10
2
47
50
43
33
17
67
76
4
29
1,007
1,051
902
44
52
53
21
11
2
20
935
32
9
n. a.
64
35
16
n. a.
4
30
241
n. a.
n. a.
*
13
955
12
17
63
76
5
30
147
14
11
35
15
851
11
9
11
11
30
9
n. a.
60
36
16
n. a.
4
30
223
n. a.
n. a.
*•
7
65
84
7
34
154
16
33
Dec. p
17
960
3
n.a.
8
11
Sept.
8
2
8
18
4
n. a.
11
June
Mar.
Dec.
12
15
1977
4,812.
4,609
16
_
16
16
16
~
16
4,891
4,827
4,625
|
43
4,615
_
15
15
4,631
1/ Through December 31, 1975, Surinam included with Netherlands Antilles,
4/ Includes Bahrain, iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
*>/
Includes Algeria, Gabon, Libya, and Nigeria.
p
Preliminary.
*
Less than $500,000.
n. a. Not available.
June 1978
105
PAPTTAT. MnVF.MF.NTfi
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)
Calendar year
or month
Total
(1)
1958..........
1959..........
1960..........
1961..........
1962..........
1963.... .....
1964..........
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
197r
1978-Jan. -Apr. ]
May...... .
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1978-Jan.......
Feb.......
Apr, p....
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
305
-472
1,995
8,CP6
22 , 8?3
1,041
-28
885
2,451
1,238
4,151
3,483
3,257
3,337
959
1,481
278
851
-1,569
Marketable Treasury bonds and notes
Net foreign purchases
Gross
Gross
Foreign countries Inter
foreign foreign
nationa] purchases sales
Official Other
foreign and
insti
regional
ers
tutions
(6)
(5)
(2)
(3)
(4)
-237
1,188
1,224
273
528
1,217
165
524
-98
1,730
224
1,603
-20
532
1,744
1,231
-521
1,780
2,508
-207
302
1,867
1,3,96
369
-59
36
-315
1,149
1,487
-20
-151
1,077
95
1,153
56
680
1,296
-245
-427
-121
30
48
585
629
-380
-161
51
932
443
11
528
-115
59
574
-25
691
123
-41
634
130
1,661
742
-119
2,414
3,281
-22
4,358
57
1,043
2,738
465
5
-165
2,433
-642
101
3,382
69
3,854
1,612
180
8,898
203
6,903
% 11 7
25,6l'0
2,702
277
17,514
20,3?*
782
39.797
1 717
16,974
722
216
104
10,124
9,083
111
-1,392
1,253
2,424
1,028
1,912
1,151
24
-291
1,962
168
321
3,557
1,105
1,048
130
1,592
59
355
3,696
100
5,456
1,306
354
71
4,626
919
2,493
1,143
3,052
4,846
65
141
1,589
76
5,002
2,885
375
1,665
598
370
-9
2,351
1,3?2
1,714
3,380
1,899
60
-293
-277
2,360
2,082
107
447
975
2,576
1,725
22
-145
-1,690
1,808
3,377
27
94
U.S. Gov11. corporat:ions and
Federally-sponsored agencies
Corporate and <other securities
Bonds 1/
Stocks
Gross
Gross
Gross
Gross
Gross
Net
Net
Net
foreign foreign foreign foreign foreign foreigc foreign foreign
purchases purchases sales
purchases purchases
purchases purchases sales
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
133
320
92
414
301
342
-1
526
504
44
66
95
-30
2
1/ Data include transactions in issues of states and municipalities.
Through December 1976, data also included transactions m issues
of U.S. Government corporations and Federally-sponsored agencies.
(8)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,297
1,251
432
280
653
(9)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1.585
l',118
112
187
239
(10)
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,881
1,961
1,039
766
1,207
l,623r
107
313r
192r
169
(11)
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,442r
643
451
332r
324r
(12)
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
l,8l8r
538
434
398
264
690
614
175
134
56
264
164
111
131
165r
120r
118r
123
13
43
325
344
420
162
259
249
450
160
17
81
9
-1
Gross
foreign
sales
140r
155r
(13)
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,790
540
4,678
2,753r
2,675
1,383
236
232
252
(14)
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,767
7,636
15,355
18,227
14,154
5,127
1,1A2
l',210
1,202
(15)
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
7,096
10,678
15,4?5r
11,479
3,743
906
978
950
315r
315r
233r
241r
129
179
150r
195r
115r
117r
116
136
210
123
165
222
382
290
1,373
1,023
1,012
973
1,281
1* 235
1,163
900
847
752
899
945
134
180
180
150
118
99
171
151
115
63
492
713
1,024
825
1,413
1,864
909
762
921
1,151
IjTr
p
Preliminary,
n.a. Not available,
r Revised.
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)
Net foreign
Foreign bonds
Foreign stocks
purchases
Calendar year
Gross foreign
Gross foreign
of
foreign
Net
foreign
Net
foreign
Gross foreign
or month
securities
purchases
purchases
sales
purchases
purchases
(2)
(5)
(6)
(3)
(1)
(4)
1958........................
1959........................
1960........................
1961........................
1962........................
1963........................
1964........................
1965........................
1966........................
1967........................
1968........................
1969........................
1970........................
1971....... ................
1972........................
1973........................
1974........................
1975........................
1976........................
TO'7'7
1978-Jan. -Apr. p ..........
May....................
Dee....................
•978-Jan....................
Feb....................
Mar.p..................
Apr.p..................
p Preliminary.
r Revised.
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
-818
-2,034
-6,514
-9,063r
-5*444r
-1,286
97r
-878r
-837r
-465r
-l,08lr
-6l9r
-175
-285
^-271
*-466
-64
-405
-352
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
-2,218
-6,326
-8,740r
-5,034r
-1,759
-54r
-864r
-776r
-200r
-l,0l8r
-649r
-281
-320
-330
-569
-176
-519
-495
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
1,036
2,383
4,932
8,052r
3,178
510r
561r
594r
729r
799r
693r
786
593
885
691
522
797
1.169
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,907
1,542
1,937
2.255r
Gross foreign
sales
(7)
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,686
2,581
2,441
2,621
2,932
2,467
3,254
8,708
13,672r
13*086r
4,937
563r
l,425r
l,369r
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
I84
-188
-323
- 410r
473
-43
-14r
-6lr
929r
l,817r
l,342r
1,066
913
1,215
-265
-63
30
106
34
59
157r
169
168
247
214
291
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1,723
1,730
2,259
2,665r
803
197
211
228r
422r
232
138
141
180
232
1,260
698
1,315
..... ...............
103
113
114
143
255
280
337
404
152
167
223
261
153
198r
l67r
Treasury Bulletin
106
CAPITAT, MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1977
Country
1975
Europe.-,
Austria..................
Belgium-Luxembourg.......
Bulgaria.................
Czechoslovakia...........
Denmark..................
Finland..................
France...................
German Democratic Republic.
Germany..................
Greece..................
Hungary..................
Italy...................
1976
1978
through
Apr. p
1977
Dec.
*
n.a.
n.a.
-2
623
11
-2
169
-1
90
*
n.a.
*
*
n.a.
*
-
*
—
n.a.
*
2,404
10
652
n.a.
n.a.
-
-
*
576
n.a.
*
n.a.
*
—
*
n.a.
*
*
—
*
*
—
n.a.
*
25
26
-85
206
-91
215
76
-33
-25
2
-129
-
122
-
8,403
-
-1,151
-
-
7
114
-22
Total Europe.............
200
1,245
Canada....................
Latin America and Caribbean:
-317
*
*
*
*
*
*
*
n.a.
n.a.
Portugal.................
Spain...................
Sweden.............. .
Switzerland..............
Turkey...................
United Kingdom...........
U.S.S.R..................
Yugoslavia...............
Other Europe.............
Bahamas..................
Bermuda..................
Brazil..................
British West Indies......
Chile.....................
Colombia..... .............
Cuba.,,*,.......... .......
Ecuador...................
Guatemala.................
Jamaica...................
Mexico..................
Netherlands Antilles 1/....
Panama........ .
Peru................. .
Trinidad and Tobago......
Uruguay..................
Venezuela...............
Other Latin America and
Caribbean.............. .
-
-
20
78
1
*
*
*
9
-6
-6
35
426
-531
951
-24
-17
15
11,586
-309
1,400
-139
32
-36
-1
*
1
3
*
1
*
*
-1
-1
-15
*
*
*
153
-
n.a.
n.a.
n.a.
n.a.
★
52
10
*
50
-5
20
*
2
-7
*
*
*
-8
5
-10
1
-43
-5
*
145
-
-
”
*
*
*
*
-
n.a.
n.a.
9
16
-4
75
2
24
—
n.a.
*
779
-
-
121
19
-
25
-86
-
13
205
1
*
4
n.a.
*
*
—
n.a.
*
*
-4
10
39
322
n.a.
-11
16
n.a.
*
n.a.
*
Norway..................
-4
-29
*
-
-5
23
-5
272
1
-1
-3
n.a.
18
53
*
n.a.
-
n.a.
17
-3
549
-
n.a.
*
n.a.
n.a.
*
n.a.
*
n.a.
n.a.
-
n.a.
*
*
.
206
Apr. p
n.a.
10
5
n.a.
Mar. p
*
n.a.
n.a.
*
n.a.
n.a.
_
n.a.
Feb.
*
n.a.
n.a.
n.a.
n.a.
*
1
Jan.
*
n.a.
n.a.
n.a.
n.a.
*
*
3
*
Nov.
1978
-
*
50
-
—
*
-326
30
-1
-95
20
43
-1,681
-16
6
-12
-2
-87
1,128
-149
311
-1,599
-5
-3
-35
*
*
-
•k
-
10
-
-
-
-
-
“
*
*
*
-
n.a.
n.a.
*
-
n.a.
n.a.
n.a.
n.a.
*
2
10
-
-
*
-8
5
2
1
1
*
20
-7
-
*
-5
*
2
*
*
-11
n.a.
n.a.
*
*
40
-
*
*
-41
1
8
-8
-15
-11
7
-8
4
-8
-3
loxcLL L8.X1H America, &&&
Caribbean.................
101
112
240
-18
14
19
-8
44
-36
-17
China (Mainland).........
China (Taiwan)...........
Hong Kong................
_
*
_
*
_
_
_
_
_
_
_
_
_
60
10
-5
8
-2
1
-4
_
_
Indonesia................
Israel..................
Japan...................
Korea...................
Lebanon.......... .......
Malaysia.................
Pakistan.................
Philippines...............
Singapore................
Syria...................
Thailand.................
Oil-exporting countries 2/.
Other Asia............ 7..
Total Asia............ .
Africa:
Egypt...................
Ghana...................
Liberia..................
Morocco............ .....
South Africa.............
Zaire...................
Oil-exporting countries 3/.
Other Africa.......... 7,.
_
*
8
35
10
-1
-583
-10
*
-227
4,173
377
n.a.
n.a.
n.a.
n.a.
_
*
_
-4
2
_
_
17
5
*
_
*
*
*
*
*
1,472
12
589
5
314
-1
603
12
155
695
19
_
_
5
20
98
-21
-1
*
_
_
_
_
_
_
-21
594
_
_
*
_
192
18
-18
-1
58
4,451
_
_
_
_
_
1,797
77
3,887
_
_
_
_
_
*
_
_
_
869
324
56
.
-184
-5
72
-72
1,660
3,954
9,422
1,325
1,493
641
667
-34
742
-50
_
_
_
_
_
_
n.a.
n.a.
_
_
_
_
*
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
*
*
31
_
*
★
*
_
-127
-5 T
*
*
*
170
221
-181
-20
Total Africa.............
Other, countries:
Australia............... .
All other................
170
221
-181 _
-20
Total other countries.....
Total foreign countries.....
International and regional:
International............
European regional........
Latin American regional....
Asian regional...........
African regional.........
Middle Eastern regional....
Total international
and regional...........
Grand total................
*
*
1,814
*
*
*
_
*
*
*
-
*
.
_
_
69
-
______ SSL*
_
*
_
_
-
_
_
_
-21
_
.
-
-
_
_____ 11—
_
_
_
_
-
13
*
_
_
_
_
.
_
_
_
_
-20
-
_
-
-20
_
_
*
-1
12
-5
-13
7
-10
6
-2
1
-5
937
-13
5,393
11
21,110
2,962
7
589
-10
1,774
6
-169
-2
996
1
-1,664
225
2,584
1,741
94
375
370
-288
422
-140
99
-44
119
-28
10
-5
25
-5
-5
n.a.
n.a.
*
-
-
180
1*995 ...
*
-
-
-
n.a.
-
“
2.702
1,713
... A P I -
8,096
22,823
1,041
2 / Through December 31, 1975, Surinam included with Netherlands Antilles.
g/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
n.a.
-.3253,337
n.a.
3ZSL959
-
1
-
-
n.a.
-293
1,481
-
-
n.a.
n.a.
447
-145
278
851
2/ Includes Algeria, Gabon, Libya, and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
-
“
.. „■
-1,569
107
June 1978
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)
1977
1978
Calendar year
1976
1975
Europe:
German Democratic Republic i /
Italy..................
Netherlands.............
Poland A/...............
Portugal................
Turkey..................
*
13
n.a.
n.a.
*
18
*
n.a.
215
*
n.a.
*
16
48
n.a.
*
n.a.
1
275
55
*
363
British West Indies 2 j . . . .
Chile..................
Cuba...................
Netherlands Antilles 2/..,.
Trinidad and Tobago 1/.....
Other Latin America and
Total Latin America and
Caribbean.............
Asia:
Hong Kong...............
India..................
Malaysia 1/..............
Syria 1/................
Thailand................
Africa:
Egypt...................
Ghana 1/................
Other countries:
All other...............
Total other countries....
Total foreign countries....
International and regional:
International...........
European regional.......
Latin American regional...
Asian regional..........
African regional........
Middle Eastern regional...
Total international and
regional..............
Note: Data represent estimated
U.S. Treasury securities with
Data are based on a benchmark
monthly transactions reports.
totals car to Grand total.
*
14
n.a.
n.a.
1
36
45
n.a.
764
*
n.a.
*
288
49
n.a.
*
n.a.
1
191
261
*•
485
Nov.
Dec.
Jan.
10
19
n.a.
n.a.
1
22
74
n.a.
2,742
10
n.a.
*
911
60
n.a.
*
n.a.
2
100
476
*
9,419
_
165
14,003
10
19
n.a.
n.a.
1
31
68
n.a.
3,168
10
n.a.
*
911
60
n.a.
*
n.a.
2
100
477
*
8,888
_
180
13,916
288
10
19
n.a.
n.a.
1
25
103
n.a.
3,373
10
n.a.
*
930
60
n.a.
*
n.a.
2
125
391
*
9,839
_
_
164
15,044
285
10
19
n.a.
n.a.
1
26
116
n.a.
3,494
10
n.a.
*
954
60
n.a.
*
n.a.
2
125
401
*
9,513
_
_
170
14,895
250
Feb.
Mar. p
Apr. p
88
1,085
202
2,330
10
19
n.a.
n.a.
1
31
68
n.a.
3,168
10
n.a.
*
911
60
n.a.
*
n.a.
2
100
477
*
8,888
_
180
13,916
395
256
288
*
4
n.a.
*
n.a.
*
*
_
n.a.
n.a.
n.a.
20
161
1
*
n.a.
*
4
*
5
n.a.
*
n.a.
*
*
n.a.
n.a.
n.a.
21
118
*
*
n.a.
*
149
*
4
n.a.
*
n.a.
*
153
n.a.
n.a.
n.a.
21
170
7
*
n.a.
*
198
*
4
n.a.
*
n^a.
*
1*3
n.a.
n.et.
n.a.
21
168
*
*
n.a.
*
198
*
4
n.a.
*
n.a.
*
153
n.a.
n.a.
n.a.
21
170
7
*
n.a.
*
198
*
4
n.a.
*
n.a.
*
153
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
201
*
4
n.a.
*
n.a.
*
153
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
240
*
4
n.a.
*
n.a.
*
146
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
199
*
*
n.a.
*
n.a.
2
146
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
188
10
23
*
*
*
*
*
8
5
200
312
552
533
552
544
587
552
534
*
*
61
_
*
3,271
2
n.a.
n.a.
n.a.
31
n.a.
n.a.
*
2,005
*
*
71
*
*
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,486
*
8
106
10
*
6,860
369
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,227
*
8
89
5
*
6,547
370
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
10,921
*
8
106
10
*
6,860
369
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,227
*
8
102
10
*
7,463
381
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,283
*
8
104
10
*
7,617
381
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,094
*
8
99
10
*
8,313
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
11.166
5,370
9,323
18,745
18,104
18,745
19,413
19.378
20.120
*
8
101
10
_
*
8,332
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
11,094
20.070
*
n.a.
n.a.
*
*
322
321
*
n.a.
n.a.
*
*
543
543
*
n.a.
n.a.
*
*
363
362
*
n.a.
n.a.
*
*
349
348
*
n.a.
n.a.
*
*
363
362
*
n.a.
n.a.
_
*
*
363
362
*
n.a.
n.a.
*
*
363
362
*
n.a.
n.a.
_
*
*
342
341
*
*
342
341
*
*
*
*
*
*
*
12
11
*
12
11
*
2
2
*
8
*
6
*
7
7,372
12,765
33,875
*
5
5
33,286
33,875
35,649
.....
35.480
6
3M*6
322
9
*
2,905
4,646
4,276
4,646
4,358
95
*
4,781
4,640
-
Latin America and Caribbean:
1977
-
293 ■
10
19
n.a.
n.a.
1
25
113
n.a.
3,815
10
n.a.
*
1,029
60
n.a.
*
n.a.
2
155
*
9,418
_
158
15,206
10
19
n.a.
n.a.
1
20
84
n.a.
3,820
> 10
n.a.
*
1,079
60
n.a.
*
DU&.
2
175
443
*
7,737
_
_
156
13,607
251
253
400
*
n.a.
n.a.
,
-
128
*
_
_
n.a.
n.a.
-
-
-
100
*
100
*
_
_
n.a.
n.a.
n.a.
331
4,746
3,033
4.375
15,798
38,621
37,661
7,702
official and private holdings of marketable
2/
an original maturity of more than one year.
survey as of January 31, 1971, and the
g/
Country detail may not add to the area
p
*
100
*
_
-
120
*
_
n.a.
n.a.
-
4,740
-
115
*
110
*
n»a.
n.a.
_
4.850
4.901
4 ,74.6
. 4,45,2
4*755 ,
38,621
40,102
40,380
39,662
41,231
Country or area not listed separately in benchmark survey; holdings
included in respective "Other”geographical category.
Through December 31, 1975, Surinam included with Netherlands Antilles,
Preliminary,
Less than $500,000.
n.a. Not available.
Treasury Bulletin
108
_ _ _ _ _ _ _ _ _ _ _ CAPITAL MOVEMENTS _ _ _ _ _ _ _ _ _ _
Sections 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)
Europe;
Austria...................
Belgium-Luxembourg........
Bulgaria..................
Czechoslovakia............
Denmark...................
Finland....... ..........
France....................
German Democratic Republic.
Germany........... ........
Greece............ ........
Hungary...................
Italy.....................
Netherlands...............
Norway....................
1978
through
Apr. p
1977
1976
1$15
QftWr. flPffltaiSff:
Australia.................
All other.................
Total other countries,*.,*.
13
-1
-2
2
*
*
*
*
-1
2
1
*
*
1
*
-1
7
-1
2
16
*
1
*
*
-1
2
2
3
*
1
1
*
-3
3
*
*
*
*
n.a.
n.a.
*
*
-1
*
*
*
-1
3
*
*
*
*
*
*
n.a.
n.a.
-1
1
*
*
*
1
*
1
5
*
1
*
*
*
n.a.
n.a.
1
1
1
*
*
1
n.a.
n.a.
*
*
2
*
*
*
3
*
2
-1
*
*
1
1
*
31
94
64
28
-1
3
11
6
11
1
*
13
*
*
*
2
*
*
*
3
*
*
1
164
41
1
*
*
-1
*
*
1
44
*
*
_
*
*
*
*
*
*
*
-1
*
*
8
*
*
*
*
*
*
11
_
*
_
*
*
*
*
*
8
*
*
*
*
*
_
*
16
*
*
_
_
-59
*
*
_
_
_
75
*
_
*
*
_
*
137
*
*
*
_
_
33
_
86
146
49
*
_
-1
_
_
_
*
-1
*
*
*
*
*
_
_
_
*
*
*
it
*
*
3
Morocco.......... .........
South Africa....... .......
Zaire....... ..............
Oil-exporting countries 3/.
Other Africa....... ....7..
5
*
1
3
1
54
1
1
*
*
*
*
n.a.
n.a.
4
-6
4
1
3
-1
2
-6
15
9
1
*
*
*
1
n.a.
n.a.
11
34
20
*
*
3
*
.........................
7
*
1
3
1
*
*
*
n.a.
n.a.
-1
*
*
*
*
*
32
3
5
-1
*
2
*
*
-*
n.a.
n.a.
-1
-3
9
*
2
2
10
Total Asia................
Africa:
Egypt
Ghana.
-61
-2
320
141
Japan.....................
Korea.....................
Lebanon................. .
Malaysia..................
Pakistan......... .........
Philippines................
Singapore...... .......
Syria....... ..............
Thailand....... ...........
Oil-exporting countries 2 J .
Other Asia................
-6
-163
-20
-58
96
Venezuela.......... .......
Other Latin America and
Caribbean...............
Total Latin America and
Caribbean............ .
Asia:
China (Mainland)..........
China (Taiwan)............
Hong Kong.................
India.....................
-9
32
28
128
Peru............... .
Trinidad and Tobago.......
-4
324
Total Europe.......... .
Netherlands Antilles 1/ ...
-1
133
*
n.a.
*
*
-6
Canada......................
Cuba....... ...............
Ecuador...................
Guatemala.................
Jamaica...................
*
1^
*
n.a.
*
-10
-7
-14
113
Brazil.....................
*
n.a.
*
5
3
*
*
1
22
-41
*
-30
*
-22
2,006r
Chile.....................
*
n.a.
1
10
-7
*
125
*
-11
n.a.
9
*
n.a.
*
*
*
*
-7
91
Bahamas...................
*
-4
n.a.
n.a.
*
*
1
n.a.
7
*
n.a.
1
1
*
-2
-5
n.a.
4
*
n.a.
1
20
-1
30*
2
n.a.
*
1
157r
*
l,705r
Latin Ameriea and Caribbean:.
*
-11
*
1
n.a.
n.a.
*
*
-4
n.a.
1
*
n.a.
*
7
*
*
-2
n.a.
n.a.
-2
-24
n.a.
n.a.
-2
-10
39
n.a.
-49
-3
n.a.
-10
-29
2
ji.a.
*
n.a.
2
5
158
*
23
Spain.............. .......
Sweden....................
Switzerland...............
Turkey....................
United Kingdom............
U.S.S.R...................
Yugoslavia.................
Other Europe..............
Apr. p
Mar. p
Feb.
Jan.
Dec.
Nov.
*
-3
n.a.
n.a.
2
39
n.a.
n.a.
*
*
-34r
n.a.
59
lr
n.a.
-6
72
6
-45
n.a.
n.a.
*
1
82
n.a.
-6
*
n.a.
-3
-9
34
n.a.
*
n.a.
1
*
117
*
-52
Portugal............ ......
1978
1977
Calendar year
Country
_
*
*
24
*
_
_
_
*
3
_
159
*
232
186
21
-50
*
_
-1
*
*
*
*
*
-1
_
_
*
_
.
_
*
_
_
_
*
_
-26
-25
*
_
-2
*
*
-2
-2
-6
_
*
*
*
*
-2 1
*
---
_
2,033
*
5
5
1
”
*
1,014
n.a.
*
*
" ■"f;79,r “
*
-2 1
..
1
*
1
-----B 5 —
_
_
_
_
*
*
*
---- 557—
_
*
----
_
*
*
*
*
★
*
*
*
*
U
.
—
m
...
*
-1
-4
it
-2
5
n.a.
19
*
n.a.
10
*
*
3
*
*
-20
it
*
*
*
2
*
*
-54
*
n.a.
*
4
-37
-122
2
6
*
-1
*
*
it
_
*
*
_
_
_
_
it
-1
n.a.
n.a.
22
*
186
*
_
1
1
*
1
-9
1
*
1,179
*
*
_
n.a.
*
*
_
37
*
5
12 1
*
*
1,695
*
a
-137
*
1
n.a.
n.a.
*
-32
1,518
*
-3
-1
*
16
*
_
_
_
*
*
_
*
4
*
*
-48
*
n.a.
n.a.
*
*
_
*
1,553
*
-1
-14
_
_
_
*
_
_
_
it
*
*
*
H W ~ "
--- *
'—
*
1
1
'
.. 3 ....
International, and regional;
Latin American regional....
Middle Eastern regional....
Total international
and regional............
-1,030
1
n.a.
5 '
-46
n.a.
-1,029
-41
766
1,207
11
89
-4
n.a.
96
4,335r
10
-5
-
10
n.a.
15
35
-4
"l
n.a.
-13
-5
n.a.
45
n.a.
-20
n.a.
-2
-
'
5
10
46
-18
45
-20
-2
239
517
87
83
176
-2 1
1
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
United Arab Emirates (Trueial States).
2/ Includes Algeria, Gabon, Libya, and Nigeria.
p
r
Preliminary.
Revised.
*
Less than $500,000.
n.a. Not available.
June 1978
109
____________________ CAPITAL MOVEMENTS______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1977
Country
1975
1976
1978
through
Apr. p
1977
Nov.
1978
Dec.
Jan.
Feb.
Mar. p
Apr. p
Europe:
Bulgaria....................................
Czechoslovakia........ ................
Denmark......................................
Finland.....................
Prance............................ ............
German Democratic Republic.
Germany............ .......................
Greece.............................
Hungray......................................
Italy..........................................
Netherlands.............................
Norway................................. ..
Portugal.....................................
Romania................................ ..
Spain..........................................
Sweden........................................
Switzerland..............................
Turkey........................................
United Kingdom.......... ..............
U.S.S.R......................................
Yugoslavia.................................
Other Europe.............................
Total Europe.............................
11
84
n.a.
n.a.
5
-1
262
n.a.
251
10
n.a.
*
359
4
n.a.
-2
n.a.
13
2
899
*
594
*
*
-1 .
2,491
2
-40
n.a.
n.a.
-2
1
256
n.a.
68
3
n.a.
-4
-199
-8
n.a.
-8
n.a.
9
*
-100
1
340r
.
*
17
336r
361
324
2
7
-1
1
-18
-1
1
*
1
n.a.
n.a.
6
-22
15
*
*
*
2
-1
3
75
*
-15
*
*r
*
1
n.a.
n.a.
35
45
-4
1
*
-1
16
Canada............................................
Latin America and Caribbean;
Argentina..................................
Bahamas.......................................
Brazil.........................................
British West Indies...............
Chile...........................................
Colombia....................................
Cuba............................................
Ecuador.......................................
Jamaica.......................................
Mexico.........................................
Netherlands Antilles 1 / . . . .
Panama.........................................
Peru.............................................
Trinidad and Tobago............
Uruguay.......................................
Other Latin America and
1
-1
-3
-4
39
1
477
_
*
8
899
65
-4
*
8
26
1
*
*
*
*
*
n.a.
n.a.
4
52
15
*
*
2
*
8
8
1
2
-1
*
*
1
*
*
1
24
-3
*
*
*
18
2
1
Total Latin America and
-7
Asia:
China ( M a i n l a n d )...........
China (Taiwan).........................
155r
22
*
13
n.a.
n.a.
2
6
*
*
1,649
10
*
5
54
*
7
-3
67
*
-2
n.a.
n.a.
2
-4
*
*
1,803
-7
Total Asia.............................
1,790
Africa:
Egypt...........................................
Ghana..........................................
Liberia......................................
Morocco......................................
*
*
n.a.
India...........................................
Indonesia.................................
I s r a e l . .. . .................................
Japan...........................................
Korea...........................................
Lebanon.......................................
Malaysia.............................
Pakistan.....................................
Singapore...................................
Thailand.....................................
Oil-exporting countries 2J.
1
87
*
*
2
*
-2
9
-79
n.a.
n.a.
-5
1
40
n.a.
291
-5
n.a.
-15
22
-4
-3
3
n.a.
-8
-7
152
-4
613
_
*
5
1,006
127
*
-9
38
*
*
-1
33
*
_
1
7
134
1
255
4
-6
-11
-4
2
-
'
'
!
1
1
1
1
1
1
-1 !
40 '
1
* 1
-11
37 |
* 1
* :
-5
1
1
*
*
2
-9
1
*
1,390
3
15
*
2
*
*
*
8
*
*
423
*
1,922
1,449
*
2
n.a.
*
1
2
'
-3
2
n.a.
n.a.
-3
*
1
n.a.
64
-1
n.a.
-8
10
-2
1
-11
n.a.
n.a.
*
-1
-3
n.a.
58
*
n.a.
*
9
-1
-1
-3
n.a.
n.a.
2
*
-12
n.a.
45
*
n.a.
-3
-4
-2
-1
-13
n.a.
n.a.
1
*
-2
n.a.
33
1
n.a.
-4
-13
*
1
6
n.a.
n.a.
*
-1
68
n.a.
52
1
n.a.
2
-9
1
-2
8
79
1
125
2
1
n.a.
-2
*
34
*
106
_
*
*
n.a.
*
-1
-54
*
60
1
n.a.
*
-3
-16
*
57
1
n.a.
-2
1
7
3
184
*
_
-1
-1
103
-2
176
7
*
n.a.
1
-2
-3
*
109
_
*
*
*
*
200
156
30
41
319
508
21
14
-19
-26
-3
44
*
*
9
*
1
*
*
*
*
n.a.
n.a.
-1
14
1
*
*
*
2
*
*
6
*
2
*
*
_
*
n.a.
n.a.
-2
4
1
*
*
*
*
2
-11
*
-1
*
*
*
-1
3
*
*
1
1
10
*
-1
5
5
1
2
-1
*
*
*
*
*
*
2
_
*
1
_
*
-2
*
*
15
-9
-4
*
4
*
*
*
3
*
*
*
*
*
*
*
*
*
-1
3
*
*
*
*
*
*
2
*
*
*
*
-1
*
3
*
*
-5
1
*
1
*
*
*
*
!
*
100
*
470 '
136
102
*
* '
1
*
1
*
*
1
*
it
*
*
*
n.a.
n.a.
*
6
-3
*
*
*
1
*
-1
16
-2
*
*
n.a.
n.a.
1
-6
*
*
*
*
*
*
*
128
*
1
*
*
*
27
*
_
9
n.a.
n.a.
*
-1
2
*
*
*
1
*
_
*
5
*
*
107
*
1
'
*
1
9
... ... . 12.,.—
*
*
27
-3
*
*
*
1
1
_______
*
*
3
*
*
*
-2
*
1
*
-11
32
*
*
-1
13
*
2
*
*
*
*
*
48
*
*
2
*
*
170
*
113
49
175
132
*
*
*
*
*
2
*
*
*
-1
_
*
*
*
97
*
9
1
4
*
*
7
*
-1
*
*
-2
-1
-1
*
*
*
*
1
10
7
5
2 '
*
*
*
2
1
-1
15
1
-3
-2
8
1
2
-1 -
2
A ll other...................................
*
*
*
*
1
1
*
*
1
*
*
Total other countries.....
Total foreign countries.....
4,660
International....7.......
18
n.a.
*
*
*
*
Oil-exporting countries 2/.
Other Africa.............................
~
*
*
*
*
*
*
*
*
Other countries:
European regional....... .
Latin American regional. .
Asian regional...........
African regional.........
Middle Eastern regional....
Total international
15
-
*
*
*
*
*
*
*
*
*
*
1
*
*
*
*
*
*
2
' *
2,661
1,409 '
385
286
116
13
15
-26 •
-3
4
-1
n.a.
n.a.
n.a.
-n.a.
-4
2,740r
*
_
.
13 .
8
.
.
2
*
- 1
_
*
-
.
_
_
_
n.a.
.
_
_
_
_______1__
*
_
_
*
_____ a____
*
* -
1
-19
-7
_
_
_ n.a.
*
_
_
_
*
_
-3
4
-1
1
, -19
382
290
115
63
492
15
...-
720
-26
18
_
*
*
510
4,678
2,753r
2,675
1,383
Grand total.......... .....
l/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
and regional.........................
*
*
63
*
jj/ Includes Algeria, Gabon, Libya, and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
_
= = = 5
713
110
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-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
(In millions of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital fVom
year
1977
Country
feirope:
Austria..................
Belgium-Luxembourg.......
Bulgaria.................
Czechoslovakia...........
Denmark..................
Finland..................
France...................
German Democratic Republic
Germany..................
Greece................ .
Hungary..................
Italy....................
Netherlands............. *
Norway...................
Poland...................
Portugal.................
Romania..................
Spain....................
Sweden.................. .
Switzerland..............
Turkey...................
United Kingdom...........
U.S.S.R..................
Yugoslavia...............
Other Europe.............
Total Europe.............
Canada.....................
America ap,d.C.^rjU)beaa:
Argentina................
Bahamas...... .
Bermuda..................
Brazil...................
British West Indies......
Chile....................
Colombia..................
Cuba.....................
Ecuador..................
Guatemala................
Jamaica..................
Mexico...................
Netherlands Antillesl/....
Panama...................
Peru.....................
Trinidad and Tobago......
Uruguay..................
Venezuela................
Other Latin America and
Caribbean............
Total Latin America and
Caribbean........ ......
Asia:
China (Mainland).........
China (Taiwan)...........
Hong Kong................
India....................
Indonesia................
Israel...................
Japan....................
Korea.....................
Lebanon..................
Malaysia.................
Pakistan.................
Philippines..............
Singapore................
Syria....................
Thailand.................
Other Asia...............
Total Asia...............
Africa:
Egypt....................
Ghana..................
Liberia..................
Morocco..................
South Africa.............
Zaire....................
Other Africa.............
Total Africa.............
Qjjber..°PUfttries;
Australia................
All other................
1975
1976
-52
16
n.a.
n.a.
6
1
-179
n.a.
33
*
n.a.
28
13
-199
n.a.
2
n.a.
4
6
196
*
30
1978
through
Apr. p.
1977
-47
-15
n.a.
n.a.
10
-56
-533
n.a.
-23
*
n.a.
-32
-5
-198
n.a.
3
n.a.
2
1
548
*
-107r
-3
-106
-110
-134r
n.a.
n.a.
-62
n.a.
-5-
-5r
-322
-1
1
1
___ =2_
1
5
1
30
-2,203r
-1,379
-179
-7
*
-20
1
-6
-2
n.a.
18
*
n.a.
3
-9
-109
*
n.a.
3
n.a.
3
-12
-2
-1
-2
Apr. p
2
-11
n.a.
n.a.
3
-1
n.a.
-4
-6
18
-2
85
153
--i_
-234
-6
i
*
35
2
7
-64
1
1
-A
44
6
20
36
17
_2-
62
-178
20
..^2,
__ L
29
17
57
-813
1
J30
2
39
n.a^
-13
—26
2
1
-1
-5
30
-1
1
2
1
1
35
4
-2r
6
47
4
2
A
20
2
*
n.a.
n.a.
n.a.
-117
43
1
3
n.a.
2
35
n.a.
n.a.
-169
20
11
1
n.a.
-38
4
4
n.a.
-49
n.a.
n.a.
-1
2
n.a.
n.a.
-44
3
-1
24
3
-212
n.a.
n.a.
1
*
1
*
1
*
2
n.a.
n.a.
-9
218
-6 r
-9
14
2
-1
22
*
-375
-283
-242
-282
n.a.
n.a.
n.a.
n.a.
n.a.
-348
n.a.
n.a.
2
10
-624
-771
n.a.
n.a.
-3
n.a.
n.a.
n.a
n.a.
2
24
71
51
29r
-l20_
-7
35
10
21
10
8
-233
-617
5
-69
-664
3
A
9
2
-20
-157
2
2
4
-25
5
-2§_
66
3
25
4
-3
6
3
-5
-27
-207
-24
-165
3
-7
-312
2
2
-A
1
1
-120.
-3
9
3
1
-12
20
-3
145
13
-2
1
14
213
-353r
-3
-5
-3
1
2
1
93
11
-16
1
-1
8
2
16
-32_
-593
-114
2
8
-1
-1
3
-208
-3
-1.610
-342
100
13
-15
10
-1
-66
47
-197
4
-80
-147
-176
-519
-322
-159
3
A
-2
36
-162
-430
19
-411
-181
-85
Total other countries....
-^,133
-6.838r
-3»478r
International............
European regional........
Latin American regional...
Asian regional...........
African regional.........
Middle Eastern regional...
Total international and j
regional...............
Grand total................
-1,577
-345
-911
-590
-227
-175
-1,023
-2,193
-1,902
-1,557
-6.326
-8.74Qr
p
*
n.a.
-17
n.a.
n.a.
-if
6
Total foreign countries....
Through December 3 1
Preliminary.
Less than $500,000.
1
-40
_
127
7
-155
1 /
20
-593 r
-33
n.a.
55
218
-12
12
-34
n.a.
-16
1
n.a.
n.a.
-5
1
-2
*
151r
aS
2
1
-3
n.a.
n.a.
Mar. p
n.a.
8
-315
498r
-4
-56
n.a.
6
11
-16
-175
n.a.
3
-72
1
1
n.a.
3
4
n.a.
n.a,
-5.231
n.a.
n.a.
n.a.
-177
66
-3
-13
-2
n.a.
n.a.
*976
Jan.
Dec.
-13
-3,102
3
3
-17
TTn-fl+a* sta-heal
-201
-70
-3
-266
-461
-70
-199
-51
-2
-2221
-149
23
23
-1.759
-320
-330
1975, Surinam included with Netherlands Antilles.
n.a. Not available,
r Revised.
2
-1
-5,69
65
-A
9
111
June 1978
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1977
Country
1975
Austria.................
Belgium-Luxembourg......
Bulgaria................
Czechoslovakia..........
Denmark.................
Finland.................
France.................
German Democratic Republic
Germany.................
Greece..................
Hungary.................
Italy..................
Netherlands.............
Norway.................
Poland.................
Portugal................
Romania.................
Spain..................
Sweden..................
Switzerland.............
Turkey.................
United Kingdom..........
U.S.S.R.................
Yugoslavia..............
Other Europe............
Total Europe.,
Canada........ .
Latin America and Caribbe^:
Argentina................
Bahamas..................
Bermuda...................
Brazil...................
British West Indies....
Chile....................
Colombia.................
Cuba.....................
Ecuador..................
Guatemala................
Jamaica..................
Mexico...................
Netherlands Antilles 1/...
Panama...................
Peru.....................
Trinidad and Tobago......
Uruguay..................
Venezuela................
Other Latin America and
Caribbean..............
Total Latin America i
Caribbean........ .
Asia:
China (ifeinland).
China (Taiwan)...
Hong Kong.......
India...........
Indonesia.......
Israel..........
Japan...........
Korea...........
Lebanon.........
Malaysia........
Pakistan........
Philippines.....
Singapore.......
Thailand...,
Other Asia.,
Total Asia.,
Africa:
Egypt.......
Ghana.......
Liberia.....
M d to c c o .............
South Africa.
Zaire.......
Other Africa.
Total Africa.
fflher ccpuntyjteg:
Australia.....
All other.....
Total other countries....
Total foreign countries....
aq4 regjqm l:
International...........
European regional.......
Latin American regional..
Asian regional..........
African regional........
Middle Eastern regional..'
Total international and
regional..............
Grand total...............
1
5
n.a.
n.a.
-1
-1
-24
n.a.
29
*
n.a.
-2
4
1
n.a.
*
n.a.
-1
-1
49
-7
*
54
1976
1977
1978
through
Apr. p
n.a.
*
-1
-13r
3
-303r
*
2
*
2
2
*
44
-2
4
*
1
113
*
*
*
*
80
45
*
*
-100
-1
-34
n.a.
n.a.
-10
*
-119
n.a.
18
1
n.a.
18
-137
-8
n.a.
*
n.a.
-1
5
-41
*
-87
*
1
-395
-14
. -,53,2.. .
-200r
287
-56
*
-2
n.a.
-7
n.a.
*
*
*
*
n.a.
-1
n.a.
*
*
*
1
-29
-1
*
*
*
n.a.
n.a.
n.a.
2
-158
1
*
n.a.
*
2
n.a.
n.a.
n.a.
10
3
-1
*
n.a.
*
*
7
-1
-27
n.a.
n.a.
*
*
-7
n.a.
2
1
n.a.
-11
-177
*
*
*
Nov.
Dec.
*
1
n.a.
n.a.
*
*
-3
n.a.
4
*
n.a.
*
*
*
_
n.a.
*
*
10
_
-39
.
*
*
n.a.
*
*
9
n.a.
3
2
n.a.
*
21
*
_
_
n.a.
*
*
11
_
*
_
46
4
*
*
*
1
*
*
*
*
-3
-1
*
*
*
*
-39
*
*
-
n.a.
n.a.
*
16
1
*
*
*
2
*
*
*
2
*
*
*
*
n.a.
n.a.
*
*
*
*
*
*
n.a.
n.a.
*
1
*
*
*
*
-8
-1
*
*
*
-156
3
-12
2
-3
-39
_
*
*
*
*
3
-9
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
9
2
*
23
*
*
-2
36
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
13
71
*
13
*
*
3
309r
*
★
*
1
-1
*
13
339r
*
*
*
*
244
*
*
*
2
*
-1
246
*
1
*
*
*
53
*
*
*
*
4
57
*
*
*
.
*
52
*
*
*
-3
49
*
n.a.
n.a.
*
12
*
*
*
-3
*
*
*
-5
*
*
_
*
*
*
_
*
*
_
n.a.
n.a.
*
11
_ -1
10
*
*
*
12
-5
*
-190
-5
-327
1
4
-
-
n.a.
_
n.a.
.. 1-__
-188
-....
i .-
-323
---- --3...
_
.......‘
5..
*
*
*
-1
*
*
*
*
*
*
*
.
-1
-409r
475
34
60
-1
-2
-
-1
-
-
-1
*
n.a.
______=1____
_
“
_
n.a.
_____ z 2 ____
473
-410r
1/
Through December 31, 1975, Surinam included with Netherlands Antilles.
*
Less than $500,000.
P
Preliminary,
n.a. Not available,
r
Revised.
n.a.
n.a.
n.a.
n.a.
*
13
n.a.
2
*
-1
n.a.
n.a.
12
n.a.
5
*
n.a.
n.a.
n.a.
34
27
27
-1
*
Apr. p
11
-2
-4
1
6
20
28
27
27
13
15
-9
25-
_1Z-
1
....- = 2 t ____
7
*
Mar. p
22-
-
-l
1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-1
1
60
88
-z 2 -
*
_
n.a.
. ,
34
-
ttL . . ..
59
-Si-
■
Treasury Bulletin
112
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During April 1978 Preliminary
Gross purchases by foreigners
Gross sales by foreigners
Domestic securities
Bonds
Market
l)C 0c
of U.S.
able
other
Gov't
Treasury
corp. and
& Federal
FederallyFinancing
Bank bonds sponsored Bonds Stocks
agencies
& notes
(5)
(2)
(3)
(4)
Total
pur
chases
Country
(1)
Europe:
Austria.................
Belgium-Luxembourg......
Bulgaria................
Czechoslovakia..........
Denmark.................
Finland.................
France..................
German Democratic Republic
Germany.................
Greece.................
Hungary.................
Italy..................
Netherlands.............
Norway..................
Poland..................
Portugal................
Romania.................
Spain..................
Sweden..................
Switzerland.............
Turkey..................
United Kingdom..........
U.S.S.R......................
Yugoslavia..............
Other Europe............
Total Europe............
Canada...................
Latin America and Caribbean:
Argentina...............
Bahamas........... .
Bermuda.................
Brazil..................
British West Indies.....
Chile...................
Colombia................
Cuba............... .
Ecuador.................
Guatemala...............
Jamaica.................
Mexico.................
Netherlands Antilles.....
Panama.....J............
Peru...... '............
Trinidad and! Tobago......
Uruguay....'............
Venezuela...!............
Other Latin America and
Caribbean. f ...........
5
74
-
_
11
10
202
1
279
3
—
13
163
4
2
*
5
40
514
22
985
_
*
14
2,348
359
International............
European regional....... .
Latin American regional...,
Asian regional...........
African regional........ .
Middle Eastern regional....
Total international and
regional......... .
Grand total................
”
Less than $500,000.
(7)
_
_
7
_
5
*
50
*
20
43
280
_
5
_
_
_
*
_
1
10
—
_
10
*
61
_
-
*
3
*
*
2
_
12
*
2
1
1
*
*
1
20
*
12
—
_
*
3
44
_
1
8
148
1
187
3
7
59
3
—
1
3
3
345
1
315
*
7
1
24
_
10
1
27
_
68
5
15
*
1
1
6
74
21
276
—
_
2
411
4
83
-
52
1,140
188
533
128
28
66
73
(8)
(9)
3
72
20
6
152
2
109
2
13
62
69
1
—
5
18
298
4
2,537
* I
21
3,394
1,107 1
(10)
(11)
*
1
1
9
*
119
-
*
13
*
1
6
2
1
7
*
—
*
—
*
*
20
9
6
(12)
(13)
(14)
65
3
36
4
*
69
*
62
2
8
44
5
—
1
4
4
242
3
140
*
7
632
*
23
16
*
34
*
33
3
7
64
—
—
*
5
30
1
259
1
476
*
1
*
7
2
11
*
—
*
3
*
—
*
—
*
*
6
50
—
*
___
80
14
145
879
66
*
-
1
5
1
1
*
2
1
1
4
*
*
2
8
79
*
2
1
*
*
*
*
1
20
7
4
1
1
*
2
4
4
*
1
*
4
36
1
*
*
1
1,960
7
2,010
2
131
*
5
*
*
_
_
21
i
_
_
_
_
1
_
_
-
1
24
70
24
3
1
*
_
_
5
5
7
*
6
*
24
*
•*
2
*
*
*
_
*
_
*
1
*
*
_
*
*
4
38
91
4
4
2
*
*
*
2
*
9
49
17
*
1
2
31
4
*
1
3
*
*
*
_
*
*
1
*
*
-
-
*
2
3
*
7
3
-
*
1
2
*
403
12
1
17
196
172
6
263
29
*
17
159
52
___ 6_
1
71
_
2
*
29
_
*
—
_
_
_
_
*
2
_
_
_
_
_
_
73
75
_
1
13
*
•*
*
3
3
52
334
*
_
■
*
*
_
25
26
12
21
1
•*
190
*
*
_
*
3
_
2
196
_
10
_
_
213
223
3
1
4
149
_
_
16
2
31
2
_
57
279
16
28
1
*
20
268
3
2
13
*
5
25
*
448
.827
*
3
33
1
53
*
*
3
38
*
3
*
•*
1
2
*
*
233
*
*
*
*
48
52
4
24
*
1
*
*
1
2
*
136
202
*
*
*
105
*
_
_
*
*
—
_
1
107
7
*
_
*
8
_
_
1
—
*
40
5
141
173
7
*
1
*
2
—
3
13
6
4,249
1,288
6
14
_
1,308
57557
.
*
_
_
_
-
" T ”
_
_
-
-
-
.
9
9
608
12
18
-
(6)
1
13
84
1
5
*
1
_
*
*
*
6
70
5
*
*
1
5
4
Liberia.................
Morocco................. .
South Africa............ .
Zai±§....................
Other Africa............ .
Total Africa.,........... .
OJ&er .cpunfeieg:
Australia............... .
All other....'........... .
Total other countries....
Total foreign countries....
Stocks
*
3
*
*
18
_
6
*
—
*
28
*
*
*
32
41
_
*
_
*
2
_
*
_
_
_
_
_
_
10
1
8
423
*
3
16
*
3
36
2
*
539
1,108
flhana........................ .
Total
sales
Bonds
Domestic securities
Foreign
securities
Bonds
Corpora,*fc© &
of U.S..
other
Gov't
corp. and
Bonds
Stocks
Federallysponsored Bonds Stocks
agencies
Market
able
Treasury
& Federal
Financing
Bank bonds
& notes
*
2
4
1
*
_
*
2
_
2
2
4
*
_
1
*
2
39
160
25
8
4
1
*
•*
2
*
15
78
16
*
6
2
Total Latin America and
Caribbean. L........... .
Asia;
China (Mainland)........ .
China (Taiwan).......... .
Hong Kong...i............
India..... 1........... .
Indonesia........ ...... .
Israel.....i............
Japan.................. .
Korea.................. .
L*->T?anon..................
jfelaysia.. . . ........... .
Pakistan................ .
Philippines............. .
Singapore............... .
Syria.................. .
Thailand................ .
Other Asia.............. .
Total Asia.............. .
Africa:
Egypt...................-
Foreign
securities
159
3
*
_
*
15
*
*
_
_
*
_
_
_
*
—
*
*
*
1
1
150
*
¥■
*
*
1
-
2
3
2
1
4
2
2
6
1
1
1,864
1,064
404
*
2
6
-
-
-
_
_
*
*
*
3
_
8
8
2,272
-
*
*
*
157
148
1,096
10
-
3
-
-
2
-
3
160
151
*
1
*
2
-
12
15
5,611
_
—
-
—
-
1,195
5
”
3
“
“
_
*
“
-
-
1,200
1,808
3
-
*
105
-
1,152
1,106
“
"l62
150
1,864
1,169
404
6,764
3,377
90
6
9
-
*
_
1,133
9
10
-
2
¥■
7
44
8
*
*•
1
5
*
*
1
*
1
—
1
1
2
2
4
16
128
3
13
-
4
23
—
_
25
218
*
*
_
*•
1
3
4
1,144 1,629
7
*
“
25
7
_
_
2
_
*
2**
*
*
*
261
~
~
7
34
1,151 1,664
261
9
_
June 1978
113
.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-T^rm Securities,
by Type and Country, During Calendar Year 1977
vxn mixiioiib ot dollarbj
Gross sales by foreigners
Gross purchases by foreigners
Country
Total
pur
chases
(1)
Austria.................
Belgium-Luxembourg......
Bulgaria....... ........
Czechoslovakia..........
Denmark................
Finland.................
France.................
German Democratic Republic
Germany.................
Greece..................
Hungary.................
Italy..................
Netherlands.............
Norway..................
Poland.................
Portugal................
Romania.................
Spain..................
Sweden.................
Switzerland.............
Turkey.................
United Kingdom........ .
U.S.S.R.................
Yugoslavia..............
Other Europe............
Total Europe............
Canada...................
Latin America and Caribbean:
Argentina...............
Bahamas.................
Bermuda.................
Brazil.................
British West Indies......
Chile..................
Colombia................
Cuba...................
Ecuador.................
Guatemala...............
Jamaica.................
Mexico..................
Netherlands Antilles......
Panama.................
Peru...................
Trinidad and Tobago......
Uruguay.................
Venezuela.............. .
Other Latin America and
Caribbean.............
Total Latin America and
Caribbean.............
Asia;
China (Mainland)........
China (Taiwan)..........
Hong Kong...............
India..................
Indonesia...............
Israel..................
Japan..................
Korea..................
Lebanon.............. *..
Malaysia................
Pakistan..............
Philippines.............
Singapore...............
Syria.......... ........
Thailand................
Other Asia..............
Total Asia..............
Africa;
Egypt..................
Ghana...... ............
Liberia.................
Morocco.................
South Africa............
Zaire..................
Other Africa............
Total Africa............
Australia...............
All other...............
Total other countries....
Total foreign countries....
International and regional:
International...........
Europeaxf regional.......
Latin American regional...
Asian regional..........
African regional........
Middle Eastern regional...
Total international and
regional............. ,
Grand total.............. .
* Less than $500,000.
n.a. Not available,
r Revised.
213
774r
Domestic securities
Bonds
Market
Corporate <
of U.S.
able
other
Treasury
Gov't
& Federal corp. and
Financing FederallyStocks
Bank bonds sponsored
agencies
& notes
(2 )
(3)
(5)
(4)
2
n.a.
n.a.
302
236
72
l,627r
n.a.
176
n.a.
4,152r
69r
2,681
183
l,626r
96
677
n.a.
*
13
n.a.
78
93
4,826r
6
126
7
n.a.
n.a.
10
n.a.
2
12
n.a.
1
8
283
n.a.
40
7
n.a.
19
n.a.
*
159
11
n.a.
n.a.
n.a.
n.a.
2
13
7
929
1
75r
n.a.
119
2r
n.a.
21
26
35
*
3
n.a.
34
34
3
7
412r
530r
I8,785r
11,833
1,819
3
____389
33,307r
242
16,266
57
3,333r
163
32
168
*
4
n.a.
n.a.
138
749
191
15
24
19
333
124
11
220
145
669
84
442r
35
5
75
6,242r
861
18
343
n.a.
n.a.
3
1
2
11
262
1
16
40
1
74
58
u2B_
12.4'
-1.489
1.671
1
24
n.a.
n.a.
1
*
125
n.a.
n.a.
n.a.
2
n.a.
3l6r
13
93
104r
44
3
10
2
n.a.
22
15
993r
*
2,294r
1
25
4,549r
n.a.
2
1
lOlr
3
345
2
11
67
1,594
947
401
l,770r
n.a.
l,450r
50
n.a.
216
l,092r
4
6
n.a.
77
506
3,8l7r
7
8,2l6r
2
428
19,834?
513
5,498r
991
5
24
5
46
302
970r
n.a.
n.a.
139
___ 3
743r
22
2
Market
able
Treasury
& Federal
Financing
Bank bonds
& notes
(9)
381
9
191
392
64
45
56
34
1
1
7
27
I
58
72r
24
4
45
439
5
3
150
50
48
87
2
Bonds
Corporate <
of U.S.
other
Gov't
corp. and
Federallysponsored Bonds Stocks
agencies
(10)
38
n.a.
n.a.
n.a.
n.a.
241
153
277
40
7
n.a.
21
4
54
n.a.
1
78
n.a.
*
n.a.
1
99
n.a.
n.a.
2
1
108r
n.a.
58
1
n.a.
25
36
8
*
1
n.a.
3
68
33
14
3,431
394
263
61
4,680
695
JJ1_
(11)
7
275
5
23
3
1
9
829r
7
889
34
323r
4
551
32
3
5
n.a.
57
35
2,851
___ 55
7:
670
44
*
1,971
3iJr
3,56lr
2.605
1.265r
7,45%»
72
162
234
.2QQ
n.a.
n.a.
1
72
1
n.a.
n.a.
2
n.a.
n.a.
18
37
68
141
6l,076r
29,928
10,465
4
452
9,696
102
173
247
9,869
349
39,797
4,297
3,948
34
57
12
258
153
14
___16
36
430
214
155
24
41
243
437
30
426
3.066
71,997r
247
2|4
129
35
52
482
130
3,442r L4,154
1
4
73
1
2
27
239
7
43
2
2
278
233 1,055
1
12
1
5
5
1
1
531
•*
392
140r
623
_44£
l,6l7r
6
520
37
50
*
16
7,458r 2,255r 36,953r
595
*
648r
1,466 1,015
1
20
35
34
1
22
9,723
465
r7
7
3
___ L
30
1
8,818
215
103
1
1,348
318
l,769r LI,419 10,935r
1,582
465
102
2
7,956
201
27
158
4
n.a.
10,921
2
114
214
36
1
*
-281 ,
381
559
4
32
n.a.
n.a.
n.a.
9
48
26
*
402
450
74
15l
178
96
2
20
3,408r L4,080
13
264
28
5,142r l,274r
*
10
11
-11
43
1
n.a.
5
3
-216_
1
132
n.a.
2
•*
75
519
110r
332
1
1
n.a.
14
330
495r
*
2,143r
2
51
n.a.
n.a.
12,832
19
1
304
2,179
438
14
5
112
n.a.
93
682
47
2
n.a.
n.a,
6C
461
3,231
(14)
137
377r
n.a.
n.a.
118
n.a.
79
3
614
151
13
(13)
48lr
n.a.
370r
2
n.a.
n.a.
298
Foreign
securities
n.a.
47
477
23r
n.a.
n.a.
18
64
3
5
*
12
87
35
453
6
251r 1,349
2
*
n.a.
n.a.
(12)
100
42
13
J
57
17
3l6r
64
514
72
2
■*•*429
n.a.
n.a.
n.a.
n.a.
277
5
120
26
243r
1
n.a.
n.a.
19
266
1
(8)
(7)
10
18
278
2
1
50
523
20,349r
30
70
(6)
5
14
23
*
1
n.a.
n.a.
20
Domestic securities
Total
sales
2
*
8
59
115
726
1,962
2
10
4,416
814
50
28
3,003
3
83
695
3
47
205
3,582
n.a.
1,650
153
n.a.
n.a.
64
572
28
346
*
1
*
68
973
42
n.a.
l,368r
30
79
7
n.a.
2
60
8,161
23
304
1,240
44
374
Foreign
securities
10,655
8,052r 2,255r 47,608r
8,156
237
16,974
1,585
50
60 2,151
n.a.
___1_
l,8L8r LI,479 13,086r 2,665r
114
Treasury Bulletin
FOREIGN CURRENCY POSITIONS
Background
Data have been collected since 1974 on the foreign
currency positions of banks and nonbanking firms in the
United States, and on those of foreign branches, majorityowned foreign partnerships, and majority-owned foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad. Reporting has been
required pursuant to Title II of Public Law 93-110, an
Amendment to the Par Value Modification Act, of September 21,
1973, and implementing Treasury regulations. Statistics on
the positions will be published monthly in the Treasury
Bulletin, beginning with data for December 1975.
The report forms and instructions used in the collection
of bank data were revised effective with reports as of October
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the month), for the monthly reports.
The most recent revision of the nonbank Foreign Currency
forms (see below) became effective as of the last business day
of November 1976 for the monthly reports on nonbanking firms*
positions in the tfaited States.
Common Definitions and Concepts
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, American Samoa, the Canal Zone, Midway Island, the
Virgin Islands, and Wake Island. The term "foreign" means
locations other them the "United States".
The term
"Worldwide" is used to describe the sum of "United States" and
"foreign" data.
Data for the United States include amounts reported by
sole proprietorships, partnerships, and corporations in the
United States including the U.S. branches and subsidiaries of
foreign nonbanking concerns, in the case of "nonbanking
firms' positions", and the agencies, branches, and
subsidiaries located in the United States of foreign banks
and banking institutions, in ,the case of the weekly and
monthly "bank positions".
Data for "foreign branches" and "abroad”include amounts
reported by the branches, majority-owned partnerships and
majority-owned subsidiaries of United States banking and
nonbanking concerns. In general, these data do not reflect
the positions of foreign parents or foreign parents'
subsidiaries located abroad except through intercompany
accounts. The data include the foreign subsidiaries of a few
foreign-owned U.S. based corporations.
Assets, liabilities, and foreign exchange oontract data
are reported on the basis of time remaining to maturity as of
the date of the report, regardless of the original maturity of
the instrument involved. "Spot” means due for receipt or
delivery within two business days from the date of the report.
"Short-term" means maturing in one year or less from the date
of the report.
"Majority-owned foreign
partnerships"
are
those
organized under the laws of a foreign country in which one or
more nonbanking concerns or nonprofit institutions in the
United States, directly or indirectly, own more than 50
percent
profit
interest.
"Majority-owned
foreign
subsidiaries" are foreign corporations in which one or more
nonbanking business concerns or nonprofit institutions
located in the United States directly or indirectly own stock
with more than 50 percent of the total combined voting power
of all classes of stock entitled to vote, or more than 50
percent of the total value of all classes of stock.
Reporting Threshold
The exemption level applicable to banks and banking
institutions is $10 million equivalent. The exemption level
applicable to nonbanking business concerns and nonprofit
institutions was $1 million equivalent on all nonbank forms
from March 1975 through November 1976, when it was raised to
$2 million equivalent on the monthly reports of positions
held in the United States.
Firms must report their entire foreign currency position
in a specified foreign currency if a specified United States
dollar equivalent value is reached in any category of assets,
liabilities, exchange contracts bought and sold, or the net
position in the currency. In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary. In reports on their
foreign branches, majority-owned foreign partnerships and
majority-owned foreign subsidiaries, United States banks and
nonbanks are required to report the United States dollar
denominated assets, liabilities, exchange contracts bought
and sold, and net positions of those branches, partnerships,
and subsidiaries with reportable positions in the specified
foreign currencies.
Description of Statistics
Data collected on the Treasury Foreign Currency forms
are published in the Treasury Bulletin in ten sections. The
first section presents a summary of worldwide net positions
in all of the currencies reported. Sections II through IX
each present data on a specified foreign currency. Section X
presents the United States dollar positions of the foreign
branches and subsidiaries of United States firms which are
required to report in one or more of the specified foreign
currencies.
June 1978
115
___ FOREIGN CURRENCY POSITIONS_______
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms’ Positions 1/
( i fi'i i‘otr <*r oJ 0
Report date
Belgian
francs
(1)
Canadian
dollars
(2)
French
francs
f' y uptv ;
German
marks
(3)
(4)
1977-Sept..........................
25,377
j.u,JL4.9r*
6,612r
1977-Dec...........................
23,443
10,194
7,170
3,555r
6,346
Italian
lira
(5)
473,974**
543,325
Japanese
yen
(6)
Swiss
francs
(7)
Sterling
270,933
315,088
-3,224
-1,985
l,478r
1,784
(8)
U.S.
dollars 2/
(9)
-5,635r
-6,055
Table FCP-I-2 . - Weekly Bank Positions
( r rj II? r
Report date
Belgian
francs
Canadian
dollars
(1)
(2)
French
francs
-I
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
• 11/30/77
-2,104
-2,628
-1,120
-1,603
-292
-2,727
-2,356
-2,975
-1,548
-44r
-73r
-152r
-127r
12/07/77
12/14/77
12/21/77
12/28/77
-1,766
-2,028
-1,950
-1,786
-8
-9
-63
-22
-lllr
-90r
-66r
-18r
-23r
M
-64r
-8Qr
-104r
-14Qp
-119r
-97r
8r
TloM
German
marks
(3)
17i?
lOr
-3r
-28^
-1,456
-1,571
-1,309
-967
-1,637
-1,340
-3,793
-1,053
-1,514
-2,552
-3,628
-2,046
-1,202
7/06/77
7/13/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
,f
(5)
(4)
217
-86
155
174
189
-24
48
501
-59
1,209
1,428
1,685
1,413
1646
1364
1^197
1,411
1,209
-69
-9
91
270
12
184
179
145
280
6
-53
237
-3
251
95
133
-73
1
Italian
lire
95,864
100,720
77,098
64,851
Japanese
yen
Swiss
francj
(6)
(7)
221
280
501
223
37
84
22
222
214
British
pound
(8)
41
67
59
90
45
-5
97
82
79
712
796
100,713
103,480
60,559
82,338
74,219
94,965
31,625
56,128
72,350
76,582
84,318
72,658
79,349
61682
44^67
48019
59302
60927
73279
63312
84060
82190
1224
1,073
1,370
1,376
103,564
71,352
66,174
81*770
75,459r
73,855r
85,525r
62*427r
253
287
428
423
119
66
1,371
1,149
1,047
1,262
1,001
85,857
78,815
67,872
95,006
93,369
70,81Qr
53,942r
77,l&4r
66,033r
92,18Qr
501
326
277
286
410
12Qr
1,277
1,403
1,114
1,069
98,678
87,815
88,985
71,584
77,969
71,882
65,140
78,392
361
346
303
334
58
29
2
45
261
106
381
,
105
95r
ill
2£
28r
56a?
U.S.
dollars
(9)
l6^?
-9r
-160 r
-92r
-247r
109r
136r
-254r
71r
a »
130r
52r
Ir
-9a?
49r
l?r
64r
49a?
61r
-144r
-123r
184
20
111
175
Table FCP-I-3. j- Monthly Bank Positions 5/
(In million's of foreign currency units)
End of month
Aug............................
Sept...........................
Oct............................
Belgian
francs
Canadian
dollars
French
fralncs
(1)
(2)
(3)
-3,248
-4,142
-5,138
Nov...........................
-3,474
-4,272
Dec...........................
-4,526
-74r
-21
-118
a
-109
56
German
1marks
(4)
!
Italian
lire
(5)
Japanese
yen
Swiss
francs
British
pounds
(6)
(7)
489
229
472.
56,754
31,611
60,464
18,541
82,084
-119
3
279
19
92
116
61,677
(8)
-20y
26
92
33,260
59,101
249
115
-54
-12
-119
259
-26
42,503
29,536
87,787
79,437
141
-78
8
-19
23
U.S.
dollars
(9)
-128r
-232
-408
-147
-539
-556
Treasury Bulletin
116
FOREIGN CURRENCY POSITIONS,
Section II - Belgian Franc Positions
Table FCP-II-1 . - Nonbanking Firms* Positions 1/
(In millions of Belgian francs)
Position
at end
Of month
Short-term trade
Liquid
assets g j
term
debt 2/
(2)
Receiv
ables i j
Pay
ables j>/
(3)
(4)
Other
assets £/
Other
liabil
ities 2 /
(5)
(6)
July
Aug.
1977
1977
(1)
3,093
3,252
Sept.
Sept.
1977
1977
19,504
3,617
33,249
2,749
68,806
2,755
48,383
1,006
103,540
5,628
Gept,. 1977
23,121
35,998
71,561
49,389
Oct.
Nov.
Dec.
Deo.
Dp -.
3,805
3,647
19,496
3,733
23,229
2,457
2,682
2,048
1,900
34,895
2,552
72,418
2,339
37,447
74,757
I9’
7r'
1977
IT 't
1977
1T 1
Iffi
Bought
Sold
Net
position 2/
Ex
change
rate 10/
(10)
(7)
.... T M T
2,728
(S)
5,879
5,748
(9)
85,752
2,302
2,772
2,304
3,344
6,764
109,168
88,054
5,076
931
859
5,573
5,384
2,094
2,075
50,944
1,147
52,091
96,411
5,461
101,872
79,985
1,715
81,700
m
m
Forward exchange 8/
m
m
Positions
held by
offices in:
35,6470
United States
United States
23,894
1,483
35.7210
35.7210
Abroad
United States
10,108
25,377
35.7210
Worldwide
2,010
1,623
6,102
6,160
1,852
778
35.1990
35.1100
United States
United States
2,894
1,828
4,722
2,670
7,229
9,899
22,725
718
32.6260
32.6260
32.6260
Abroad
Unibed States
<Vorliffii5
23,443
Table FCP-II-2. - Weekly Bank Positions 21/
(In millions of Belgian francs)
Exchange contracts 13/
Assets and liabilities 12/
Banks in U.S.
Date
(5)
4,506
5,735
5,505
4,088
(6)
18,969
19,635
20,465
20,474
(7)
20,820
21,528
22,581
22,313
(8)
-1,851
-1,893
-2,116
-1,839
-4,m
-5,413
-4,698
-3,216
5,224
3,887
4,258
3,555
3,287
5,515
4,169
4,655
3,670
3,420
86
134
25
199
291
282
397
115
133
165
135
256
52
2,491
2,331
2,939
3,699
2,656
2,466
3,195
3,751
20,454
22,137
23,215
22,852
22,459
22,981
22,597
22,105
24,531
22,411
24,233
25,469
23,969
24,046
25,602
24,635
24,398
26,349
-1,957
-2,096
-2,254
-1,117
-1,587
-2,621
-2,038
-2,293
-1,818
-5,195
-3,413
-6,194
-3,606
-3,347
-2,587
-4,056
-2,948
-3,135
(10) .
.
-5,962
-7,306
-6,814
-5,055
-7,152
-5,509
-8,44S
-4,723
-4,934
-5,208
-6,094
-5,241
-4,953
151
44
49
254
30
16
17
46
27
36
9
36
30
309
207
190
2
26?
350
186
152
190
154
181
222
284
3,625
4,343
5,540
5,877
3,934
4,550
5,730
5,879
7,266
9^156
9,334
9,062
9,363
7,270
6,180
22,597
21,516
21,166
22,188
24,796
23,533
24,238
26,852
26,068
27,589
26,916
29,122
28,619
25,404
24,398
22,434
23,618
25,909
25,515
26*333
28,920
27,918
29,729
28,717
50,995
30,197
-2,807
-2,882
-1,268
-1,430
-1,113
-1,982
- 2 ;095
-2,068
-1,850
- 2,140
-1,801
-1,873
-1,578
-3,231
-4,296
-5,582
-6,052
-6,445
-9,901
-9,595
-9,969
-9,061
-6,896
-6,407
-2,812
-a,154
-6,038
-7,178
-6,850
-7,482
-7,558
-11,883
-11,690
-12,037
-10,911
-9,036
-8,208
-4,685
-9,732
8/11/11
8/24/77
8/31/77
315
316
479
297
241
24
34
82
182
108
9/07/77
9/14/77
9/21/77
9/28/77
251
269
281
251
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
460
251
239
256
292
366
203
198
217
190
193
258
314
8/03/77
8A0/77
12/28/11
Net position
World
wide
net
(4)
4,560
5,529
5,351
3,870
.(2)
262
16
54
7/20/77
7/27/77
Foreign
branch
net
(3)
-54
206
154
218
(1)
208
222
208
266
1/13/11
Banks in U.S.
Net
Assets Liabilities
7/06/77
World
wide
net
Foreign
branch
net
48
Footnotes at end of Table FCP-X-3.
7
8; ^
9,148
8,910
9,173
7,116
5,999
2,513
7,662
2,135,
7,946
Bought
Sold
Net
. 19)....
United
Foreign
States 14> branch
w
(11)
-1,905
-1,687
-1,962
-1,621
-1,666
-1,814
-1,857
-1,002
-1,454
-2,456
-1,903
-2,037
-1,766
-2,498
-2,675
-1,078
-1,428
-lM
-1,909
-1,916
-1,660
-1,986
-1,620
-1,651
-1,294
(12)
449
116
653
654
29
474
-1,936
-51
-60
s
-96
'
-1,725
-9
564
World
Exchange
wide 16/ rate 12/
(13) _
-1,456
1,571
-1,309
-967
(14)..
35.920
36.291
36.324
36.056
-1,637
-1,340
-3,793
-1,053
-1,514
-2,552
-3,628
-2,046
-1,202
35.383
35.533
35.714
35.448
35.647
35.657
35.887
35.830
35.860
394
47
-42
-175
559
-1,095
-447
-1,059
112
220
-408
-2,104
-2,628
-1,120
-1,603
-2,356
-2,975
-1,548
-1,766
-2,028
35.651
35.575
35.524
35.270
35.111
35.511
35.232
35.060
35.011
34.083
33.595
-299
-492
-1,950
-1,786
33.319
32.922
Section II - Belgian Franc Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions 18/
(In millions of Belgian francs)
Worldwide
End
of
Balance sheet items
Liabilities
Net
(1 )
(2 )
(3)
Demand/spot.............................
3 days-1 month.................. .
Over 1 month-3 months.,................
Over 3 months-6 months.................
70,388
39,310
19,404
12,322
(6) Over 1 year............................
(7) Total of all maturities............... .
(8 ) Capital assets, liabilities,.........
32,642
28,847
■>7,818
10 ,367
10,478
306,355
99,Q48
-2,254
-9 577
l[ 586
2,159
4,899
9,754
6,207
Maturity
Assets 19/
01001111
(l)
(2 )
(3)
(4)
Foreign exchange contracts 20/
..
Sold
Bought
(5)
(4)
Net
(6 )
15,399
15.4**2
20,868
Sc.,JOeZ
fO, Jft)
/57<
c9*5
J,H?
J.J,060
—/j 2U /
-30,8^3
945
-3,8^6
4, 760
9,?67
-602
2,900
5,546
-2 646
25 843
?1 ,462
15,->07
2,484
TOO, 96”
?
-
309,055
305,494
**,563
inn
-LU
vJ,aA7
107,77?
-6,800
"2,646
-3, 248
?Q,Q64
22,327
16,$08
11,467
25,533
54,686
Tf,U9
<l£
??|963
29,597
38,30^
20,863
32 808
—P ]00
102,322
3,065
108,464
5,845
108,167
-2,780
3,029
111,189
-
-
911
-5,517
1,879
-53
-4,439
_
-6 922
105,399
-4 722
-9|0?2
72
•*•i n
4,882
10,754
3,077
-297
111,189
115,628
-4,439
30,325
-2,396
-8,361
8,453
15,277
103,672
32,721
30,373
15,119
11,129
4,582
5,524
99,448
20,953
28,513
27,736
22,883
22,182
23,551
31 982
30 207
3,139
106,811
5,913
(9) Summary ((7) + (8 ))....................
105,361
-2,774
1,450
Demand/spot............. ....... .
3 days-1 month.........................
Over 1 month-3 months................. .
Over 3 mOnths-6 months.................
Over 6 months-1 year...................
27,407
21,351
17,195
14,548
24,761
33,694
27,835
19,664
8,086
105,262
3,229
98,434
6,028
-6,287
-6,484
2,469
6,462
4,078
11,528
6,828
-2,799
108,491
104,462
4,029
(1) Demand/spot............................
g.... . (2 ) 3 days-1 month............... ..........
(3) Over 1 month-3 months..................
(6 ) Over 1 year............. ..............
(7) Total of all maturities.................
}
(8 ) Capital assets, liabilities............
(1)
•P..... (2 )
(3)
(4)
(5)
D e m a n d / s p o t ............ .
3 days-1 month.... ....... ............ .
Over 1 month-3 months..................
Over 3 months-6 months.............. ,.,
Over 6 months-1 year.................. ..
22,012
14,919
12,686
(7) Total of all maturities................
(8 ) Capital assets, liabilities.............
Oct ••••••• (1)
(2 )
(3)
(4)
(5)
)
(7) Total of all maturities................
(8 ) Capital assets, liabilities............
(9) Summary ((7) + (8))............
Nov,•••••• (1)
(2 )
(3)
(4)
(5)
(6 )
(7)
(8 )
(9)
Dec
..
(2)
(3)
(4 )
Demand/spot..,..................... .
3 days-1 month,........................
Over 1 month-3 months,.................
Over 3 months-6 months,,...............
Over 6 months-1 year.... ...............
Over 1 year............................
Total of all maturities,....... ........
Capital assets, liabilities............
Summary ((7) + (8))..........
_
)
^7 ) Total of all maturities................
(8 ) Capital assets, liabilities............
(9) Summary ((7) + (8 )).....................
in
9,897
9,155
(
1,557
3,871
9,753
4,224
(
117,382
21,516
107,983
6,150
- - 1147133- " - 1 .... .
—
29,228
17,458
11,534
10,036
£
105,687
100,046
2,451
5,321
105,367
2,771
20,089
19,550
12,422
108,138
14^8
-200
37,854
29,123
20,214
11,125
9,667
32,110
)
16,236
31,313
31,150
18,774
13,472
22,673
3,253
120,635- -
3 days-1 month.........................
Over 1 month-3 months.............. .
Over 3 months—6 months...................
(
(
)
)
-6*51
Net
overall
position 21/
(7)
2,573
107,77?
-
-87
-6,80°
_
9
27*963
12,809
3,082
115,628
-1 229
(
17,671
125,593
-6,588
119,005
125,593
-6,588
-5,138
12,530
28,447
35,621
30,251
1 197
M90
-3,087
-7,690
18,044
11,333
26,557
38,708
37,941
17,857
-5 090
-A
4, *50/
'74
-5 556
-1 228
^,825
124,893
-
132,396
-
(
Jo7
-7,503
(
05 OCJ
173.505
173,505
14,224
34,892
55,449
41,714
21,865
^
5,641
160,847
-2,870
160,847
168,144
21,541
162,731
162,731
w , m .....
37,771
48,987
35,342
888
1,258
-68
r(9
y PvJp
ca-3
)
\
-3 625
-3^399
—/
//A
“
4,440
-5,767
5 188
9^685
-2,364
-2,774
18,920
25,288
35,874
46,891
33,137
9,399
-2,897
- 6;502
326
-9,139
2,092
-2,780
i/■
p
119,005
24,825
32 766
51 906
43,021
20,987
-6,541
2,027
-1,440
2,347
2,961
10,045
4*962
-4,246
-71 ,-5<-4
79/
1 717
-3^139
-4,404
6,761
10.701
-1,362
10,222
463
■3 m s
-5 015
-9
845
-291
-10.774
-10,774
17>69
2,879
- 6,462
-6,372
963
-675
-2,799
-3,474
-6,078
5,135
-6,455
-7,537
3,806
9; 754
-1.375
-2,897
-4.272
1,989
-6,?60
-4,370
-5,484
26
2,221
10,248
168,144
-7,297
-1,656
-
-7,297
-2,870
-4,526
VO
^1
00
118
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section III - Canadian Dollar Positions
Table FCP-III-1 . - Nonbanking Firms* Positions 1/
(In millions of Canadian dollars)
Short-term trade
Position
at end
of month
Liquid
assets 2/
(1)
July 1977
Aug. 1977
Sept. 1977
Sept. 1977
Sept. 1977
Oct.
Nov.
Receiv
ables i j
Pay
ables 2/
(3)
(4)
353
381
489
478
874
82lr
.
3,357r
763r
4,12Gr
5,187r
411r
5,598r
777r
850r
392r
421
1977
1977
Dec. 1977
Dec. 1977
Dec. 1977
Short
term
debt 2/
(2)
ll,858r
439r
12,297r
436
4,968
384
5,352
3,563
857
4,420
12,066
517
12,583
Forward exchange 8/
Other
assets £/
Other
liabil
ities 2/
(6)
(5)
Net
Ex
position 2/ change
rate 10/
Sold
Bought
(7)
(8)
(9)
Positions
held by
offices in:
(10)
727
724
3,651
3,567r
l,030r
l,157r
677
647
2,096
2,116
l,485r
l,135r
0.9362
0.9305
United States
United States
5,861r
704r
6,565r
21,236r
3.656r
24,892r
16,974r
l,163r
lM37r
748
680
1,428
217
2.071
2,288
8,960r
1.189r
10,149r
0.9314
0.9314
0.9314
Abroad
United States
Worldwide
720r
686
3,538r
3,505r
l,152r
l,154r
839
838
2,121
2,261
l,265r
l,107r
0.9033
0.9027
United States
United States
771
690
1,461
258
1.952
2,210
0.9141
0.9141
0.9141
Abroad
United States
Worldwide
6,150
700
6,850
21,467
3,539
25,006
_
17,685
1*179
18,864
8,806
1.388
10,194
Table FCP-III-2. - Weekly Bank Positions
(In millions of Canadian dollars)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
7/06/77
7/13/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
Net
(1)
(2)
(3)
863
955
799
808
461
541
429
494
517
536
459
560
640
460
425
462
398
417
368
434
520
402
298
329
384
377
508
406
452
383
402
414
370
314
398
361
361
342
354
315
368r
376
915
897
820
902
994
775
793r
838
819
839r
792
793
924
824
780
776
839
833
942
882
990
948
Footnotes at end of Table FCP-X-3.
421
422r
424
359
404
422
482
447
455
456
434
476
538
565
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
(5)
12r
67r
22r
9r
lOr
66r
30r
-I8r
18r
24r
llr
34r
54r
80r
-4r
30r
49r
84r
lOOr
50r
69r
88r
5
132
168
147
4141?
481r
392r
323r
408r
427r
391r
324r
372r
339r
379r
410r
475r
, 502r
420r
389r
453r
506r
582r
497r
524r
544r
439
608
706
712
Net
Foreign
branch
net
Banks in U.S.
Bought
(6)
10,884
10,878
11,085
11,159
10,984
11,506
11,444
11,811
11,726
ll,453r
ll,760r
11,866
12,422r
12,849r
12,889r
13,805r
13,833r
14,087r
13,846r
13,564r
13,047r
12,870r
13,228
13,445
12,569
11,873
Sold
Net position
World
wide
net
United
Foreign
States 2A/ branch
World
Exchange
wide 16/ rate 12/
w
(8)
(9)
(10)
(11)
(12)
(13)
11,337
11,352
11,506
11,540
-453
-474
-421
-381
11,533
12,000
11,929
12,216
12,144
ll,848r
12,227r
12,319
12,940r
13,362r
13,434r
14,284r
14,355r
14,620r
14,471r
14,128r
13,6l5r
13,346r
13,698
13,947
13,182
12,479
-549
-494
-485
-405
-418
-395
-467r
-453
-518
-513r
-545r
-479
-522
-533r
-625
-564
-568r
-476r
-470
-502
-613
-606
56r
3r
26r
30r
30r
-23r
28r
63r
23r
21r
-lOr
-21r
-37r
-33r
52r
-62r
-58r
-77r
-97r
-52r
-53r
-60r
-397r
-471r
-395r
-351r
-519r
-517r
-457r
-342r
-395r
-374r
-477r
-474r
-555r
-546r
-493r
541r
-580r
-6l0r
-722r
-6l6r
-621r
-536r
-51
-60
-51
-67
-151
-133
-124
-63
68r
70r
48r
39r
40r
43r
58r
45r
41r
45r
lr
13r
17r
47r
48r
-32r
-9r
7r
3r
-2r
l6r
28r
28
17
12
19
17
lOr
-3r
-28r
-lllr
-90r
-66r
-I8r
-23r
-35r
-98r
-64r
-80r
(7)
23
-115
-156
-128
-447
-617
-769
-734
-64
-80
-99
-77
-97
-91
-121r
-120
-118
-lllr
-143
-117
-113r
-20r
-36
-26
-75
-41
-44r
-73r
-152r
-127r
-104r
-140r
-119r
-97r
8r
-8
-9
-63
-22
(14)
.9492
.9473
.9436
.9419
.9312
.9297
.9289
.9327
.9305
.9309
.9321
.9335
.9315
.9225
,9133
.9005
.8991
.9055
.8997
.9009
.9007
.9027
.9119
.9132
.9128
.9128
_
Section III - Canadian Dollar Positions
Table FCP-HI-3. - Consolidated Monthly Bank Positions W
(In millions of Canadian dollars)
Worldwide
End
of
month
Maturity
Assets 22/
(1)
1977 July.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
A
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
Total of all maturities................
Capital assets, liabilities............
Demand/spot.......... .................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 mOnths-6 months.................
Over 6 months-1 year...................
Over 1 year........................ .
Total of all maturities................
Capital assets, liabilities............
)
Demand/spot.............. .............
3 days-1 month.........................
Over 1 month-3 months............ .....
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............. .............. /
Total of all maturities................
Capital assets, liabilities.............
Dec.... (l) Demand/spot.................... .......
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(5) Over 6 months-1 year...................
(6) Over 1 year............................
(7) Total of all maturities................
(8) Capital assets, liabilities............
2,220r
114
137
2,357r
-23
397r
255
2.754
592
470
202
.
244
}
(
do
od
Foreign exchange contracts 20/
Sold
.... "Net
(4)
(5)
994
2,204
3,709
2,881
1,443
248
11,479
_
1,139
2,383r
3,891r
2,850r
1,437*
250
(6)
Net
overall
position 21/
(7)
-145
-179r
-182r
31r
6r
-2
-93r
-114r
-264r
15r
11.950r
_
-471r
_
-51r
-23
11,479
ll,950r
-471r
-74r
1JL 00*7(
3,159
3,771
2,546
1,517
289
12,509
1,319
3,268
3,917
2,662
1,443
338
12,947
oo
-yd
-109
-146
-116
74
-49
-438
10
-36
-294
-150
115
378
3
,
2,225
73
-148
-34
41
427
441
198
-10
_
-10
2.854
2.423
431
12,509
12,947
-438
-7
541
687
390
202
686
514
691
489
191
208
27
-4
-99
11
49
429
905
2,504
4,361
2,631
1,597
421
930
2,640
4,495
2,706
1,785
367
413
-27
386
12,419
12,923
-25
-136
-134
-75
-188
54
-504
12,419
12,923
-504
2
-140
-233
-64
-139
483
-91
-27
-118
84
66
-171
4
8
457
1 327
2*963
4,595
3,007
2,223
482
1 260
3*227
4,860
3,072
2,395
410
448
-30
418
14,597
-
15,224
-
67
-264
-265
-65
-172
72
-627
-
151
-198
-436
-61
-164
529
-179
-30
14,597
15,224
-627
-209
42
36
-393
-78
-168
529
-32
188_
(9) Summary ((7) + (8))....................
Nov.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
2,640
52r
65
-82
-16
18
383
420r
Bought
27506'
" ~
2,293
708
557
414
177
710
624
491
585
173
245
2.566
171
2,737
2,118
201
(
2,319
251
573
514
484
181
754
OAQ
CU7
2,646
2~021
91
2‘
,737
113
2,134
529
673
607
232
603
458
464
185
410
^
2,093
200
173
2,679
588
643
f
\
(f
-----
15
129
-74
70
-13
498
1,246
3,134
3,920
2,862
2,005
530
1,219
3,227
4,239
3,010
2,160
499
625
-22
603
13,697
14,354
-
13,697
14,354-
27
-93
-319
-148
-155
31
-657
-657
-74
215
143
47
-54
528
668
2,686
3,618
2,599
2,010
435
12,016
690
2,947
3,836
2,818
2,139
381
12,811
-22
-261
-218
-219
-129
54
-795
-46
-75
-172
-183
582
10
-22
-54
814
340
2,855
2,050
805
96
118
-22
-
-
-
-22
2,951
2,168
783
12,016
12,811
-795
-12
^
CURRENCY POSITIONS.
Oct ... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(3)
658r
612
469
226
2,666
(6) Over 1 year............................ j
(7) Total of all maturities................
(2)
710
677
387
210
65*
799
665
322
168
Sept.... (1) Demand/spot............................
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
Net
.FOREIGN
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............ ............... )
Total of all maturities................
Capital assets, liabilities............
Summary ((7) + (8))....................
Balance sheet items
Liabilities
Treasury Bulletin
120
____ FOREIGN CURRENCY
p o s it io n s
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms’ Positions y
(In millions of French francs)
Forward exchange 8/
Short-term trade
P0 S3tion
at end
of month
Short
term
debt 2/
(2)
385
365
Liquid
assets 2/
Pay
ables 2/
Receiv
ables i j
Other
assets 6/
Other
liabil
ities 2/
(9)
-1,246
-1,117
(10)
4.8816
4.9026
United States
Inited States
16,173r
880
843
592
2,063
1,676
8,ll6r
-1,504
4.8897
4.8897
Abroad
United States
17,053**
1,435
3,73Q
6,6l2r
4.8897
Worldwide
9?8
850
1,159
2,009
1,677
1^925
2,758
1,958
4,716
4.8239
4.8485
4.7048
4.7048
4.7048
TTriiea States
United
Abroad
United States
Worldwide
12,959r
685
23,518r
*87
21,314r
13,644**
24,405r
406
4?^
12,137
426
375
366
24,865
418
12,563
25,283
205
186
15,170
294
15,464
924
25,155
925
26,030
(1)
230
231
Sept.
Sept.
1977
1977
3,706r
171
9,695r
288
20,939r
375
Sept.
1977
3,877r
9,983r
0 1
Hov.
Dec.
Dec.
Dec.
19V'
1977
1977
1977
1977
141
139
4,956
130
5,086
205
191
Positions
held by
offices in.
(8)
1,728
1,667
(6)
967
956
1977
1977
Net
Ex
position 2/ change
rate 10/
(7)
561
541
(5)
905
910
(4)
(3)
343
380
July
Aug.
Sold
Bought
395
m
17,711
834
18,545
-1,027
-973
8,050
-880
7,170
Table FCP-IV-2. - Weekly Bank Positions 11/
(iri millions of french irarics)
Assets and liabilities 12/
Banks in U.S.
Date
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Sold
Net
(7)
19,588
19,769
20,257
20,431
20,865
21,164
21,720
21,744
(8)
-615
-766
-608
-497
-477
-687
-599
-618
-698
(9)
-2,222
-2,629
-2,268
-2,313
-2,178
-2,118
-1,959
-1,579
-2,357
(10)
-2,837
-3,395
-2,876
-2,810
2,844
2,781
2,606
2,698
2,996
(6)
18,973
19,003
19,649
19,934
20,388
20,477
21,822
21,102
21,046
-2,655
-2,805
-2,558
-2,197
-3,055
United
Foreign
States 1^/ branch
15/
(11)
(12)
-142
359
121
-207
-182
337
305
-131
-148
337
-240
216
-262
310
-16
517
200
-259
3,050
3,219
3,042
2,933
3,412
3,548
3,597
3,246
3,587
3,421
2,903
2,809
2,746
2,969
2,999
3,056
2,696
20,359
20,826
20,753
20,730
21,342
20,862
21,276
21,459
22,126
20,261
20,723
20,894
22,621
23,786
24,063
23,359
22,859
21,075
21,744
21,305
21,234
22,308
21,669
22,445
22,506
22,890
21,252
21,484
21,723
23,266
24,541
24,996
' 24,517
23,673
-716
-918
-552
-504
-966
-807
-1,169
-1,047
-764
-991
-761
-829
-645
-755
-933
-1,158
-814
-2,403
-2,310
-2,399
-2,159
-2,434
-2,557
-2,249
-2,054
-2,543
-2,424
-2,195
-1,743
-2,104
-1,963
-1,971
-1,765
-1,955
-3,119
-3,228
-2,951
-2,663
-3,400
-3,364
-3,418
-3,101
-3,307
-3,415
-2,956
-2,572
-2,749
-2,718
-2,904
-2,923
-2,769
-307
-308
-241
-66
-301
-132
-160
-218
-29
-258
-254
-233
, -217
-133
-171
-124
-248
Liabilities
7/06/77
7/13/77
7/20/77
7/27/77
(1)
578
653
511
498
(2)
105
94
85
132
(3)
473
559
426
366
(4)
2,581
2,750
2,605
2,618
(5)
3,054
3,309
3,031
2,984
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
458
n.a.
491
673
506
129
n.a.
154
71
67
329
447
337
602
439
2,515
2,334
2,269
2,096
2,557
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
U./23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
467
669
427
557
n.a.
778
1,106
924
835
861
615
682
561
672
814
1,083
738
58
59
116
119
n.a.
103
97
95
100
128
108
86
133
50
52
49
172
409
610
311
438
665
675
1,009
829
735
733
507
596
428
o22
762
1,034
566
2,641
2,609
2,731
2,495
2,747
2,873
2,588
2,417
2,852
2,688
2,396
2,213
2,318
2,347
2,?37
2,022
2,130
Footnotes at end of Table FCP-X-3.
Net position
Foreign
branch
net
Assets
Net
Banks in U.S.
Bought
22,421
World
wide
net
238
299
332
336
313
316
339
363
309
264
201
470
214
38A
266
257
175
World
Exchange
wide 16/ rate 17/
(13)
217
-86
155
174
189
-24
48
501
-59
-69
-9
91
270
12
184
179
145
280
6
-53
237
-3
251
95
133
-73
(14)
4.8712
4.9689
6.9566
4.9505
4.8555
4.8960
4.9188
4.8864
4.9026
4.9056
4.9383
4.9194
4.9216
4.8786
4.8606
4.8656
4.8438
4.8193
4.8775
4.8520
4.8455
4.8485
4.8228
4.7973
4.7529
4.6904
Section IV - French Franc Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions
W
(In millions of French francs)
Worldwide
End
of
month
1977 July.,
Maturity-
Assets 19/
Demand/spot..............
3 days-1 month.........
Over 1 month-3 months..... .
Over 3 months-6 months....
Over 6 months-1 year.......
Over 1 year.............. ,
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8))........
\
(3)
(4)
-1,213
863
1,022
1,325
870
49
2,916
5,195
6,845
9,539
9,463
4,385
1,001
36,428
5,817
7,218
9,708
10,875
4,599
1,058
39,275
551
16,683
597
13,795
-28
2,888
36,428
39,275
4,459
4,359
2,743
1,847
2,359
5,277
3,678
1,487
-818
681
1,256
1,201
755
57
15,767
488
12,635
575
13,210
3,132
-87
3,045
6,461
7,497
9,976
9,704
3,590
1,274
38,502
6,942
7,447
11,145
11,157
3,777
1,188
41,656
-3,154
38,502
41,656
-3,154
5,485
3,341
1,629
661
-1,300
1,169
1,960
755
608
114
7,229
7,917
12,629
9,716
4,460
1,332
376
-997
-1,851
-588
-279
199
-3,140
-3,140
-924
172
109
167
329
313
166
-110
56
136
-1,327
-1,274
-502
-242
-4
-3,213
-654
-153
636
72
167
62
646
1,547
(
2,458
1,736
16,158
508
12,852
618
3,306
-110
Summary ((7) + (8))........
16,666
13,470
3,196
40,143
43,283
Demand/spot.............. .
3 days-1 month...........
Over 1 month-3 months..... .
Over 3 months-6 months.... .
Over 6 months-1 year...... .
Over 1 year.............. .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8))......
6,007
4,129
3,281
1,676
6,797
2,955
1,371
1,102
5,338
8,109
11,829
8,430
5,202
9,436
13,103
8,932
2,422
17,515
522
l£,037
1,947
14,172
626
-790
1,174
1,910
574
409
66
4,272
4,967
2,684
1,747
4,602
3,085
2,088
1,669
2,321
Demand/spot.............. .
3 days-1 month........... .
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year......
Over 1 year.............. .
\
/
\
/
4,185
4,510
3,589
1,416
V
e
V
14,798
3,239
r
\
-330
1,882
596
78
551
-34
2,743
-121
Total of all maturities....,
Capital assets, liabilities,
15,991
522
1,804
13,248
643
Summary ((7) + (8)).......
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
16,513
5,644
4,831
2,470
2,054
2,325
.13,891
6,518
3,391
1,777
1,730
1,682
17,324
330
17,654
15,098
-21
2,226
493
15,591
-163
2,063
Capital assets, liabilities.
Summary ((7) + (8))........
J
J
3,343
-104
2,622
-§74
1,440
693
324
f
664
6,630
40,336
6,876
-
43,549
-
40,336
43,549
7,030
8,385
12,221
9,223
\
)
43,283
-
7,331
44,190
44.190
4,522
9; 836
11,972
10,017
4,591
259
-622
-373
-169
-1,412
-214
-57
-2,847
-
(
7,824
(
46,931
46.931
.." 4,710"......
9^5 1
12,772
10,506
5,131
309
69
-28
-2,847
41
—481
50
-1,169
-1,453
-187
86
-1,299
731
87
-252
568
143
-22
-87
-
9,898
13,391
9,255
-1,835
490
853
-87
656
-8
-109
130
-104
-3,213
26
467
-1,513
-1,170
-32
-487
-6
1^7
369
-574
46
64
-^0
2
-2,741
-
41,197
43,279
-2.741
-188"
-15
-800
-489
-540
-50
-2,082
41,197
43,279
-2,082
POSITIONS.
Oct.
(2)
6,206
3,026
1,972
579
265
1,168
13,216
7,605
6,920
10,778
9,128
4,181
1,531
40,143
-
\
)
(6)
(5)
Net
overall
position 21/
(7)
(1)
16,255
Demand/spot.............. .
3 days-1 month.............
Over 1 month-3 months..... .
Over 3 mOnths-6 months.... .
Over 6 months-1 year......
Over 1 year.............. .
Total of all maturities....,
Capital assets, liabilities,
Net
CURRENCY
Sept.
Foreign exchange contracts 20/
Sold
4,993
3,889
2,994
1,904
1,135
1,217
16,132
J
Summary ((7) + (8)).......
Bought
Net
.FOREIGN
Demand/spot..............
3 days-1 month........... .
Over 1 month-3 months..... .
Over 3 months-6 months.... .
Over 6 months-1 year.......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities,
Balance sheet items
Liabilities
-121
-119
-1,062
1,425
-U)7
-165
124
-71
“
144
-163___
-19
Treasury Bulletin
122
_____FOREIGN CURRENCY POSITIONS______
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms* Positions 1/
(In millions of German Marks)
Short-term trade
Position
at end
of month
Liquid
assets 2/
Short
term
debt 2/
(2)
810
807
Forward exchange 8/
Other
liabil
ities 2/
Net
position 2/
Sold
Bought
(5)
1.500
1,426
(6)
2,810
2,718
(7)
1,923
2,818
(8)
1,808
1,669
10,503r
2,085r
19,106
905r
17,208r
2,603r
1,595
3,007
14,657r
12,588r
20,011r
19,8llr
345r
407
13,658
375
14,033
l,623r
1,733
8,912
998
9,910
l,222r
1,218
16,270
1,258
17,528
2,243r
2,187
15,896
2,155
18,051
(3)
259
308
July 1977
Aug. 1977
(1)
1,101
1,125
Sept. 1977
Sept. 1977
7,570
l,027r
7,856
1,048
14,323
334r
Sept. 1977
&,597r
8,904
Oct.
Nov.
Dec.
Dec.
Dp p .
l,023r
ij098
7,905
1,101
9,006
626
547
6,673
540
7,213
3977
1977
1977
1977
1977
Pay
ables 5/
Receiv
ables i j
Other
assets £/
(4)
2,281
2,011
Ex
change
rate 10/
Positions
held by
offices in:
(9)
-2,926
-1,528
(10)
2.2872
2.3176
United States
United States
1,773
1,236
5,254
-l,699r
2.3089
2.3089
Abroad
United States
4,602
3,009
3,555r
2.3089
Worldwide
2,872
2,839
1,620
2,440
4,060
1,192
1,536
1,461
1,646
3,107
-222r
-441
6,511
-165
6,346
2.2433
2.2205
2.0984
2.0984
2.0984
United States
United States
Abroad
United States
Worldwide
Table FCP-V-2. - Weekly Bank Positions 11/
(In millions of German marks)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
7/06/77
7/13/77
7/20/77
7/27/77
824
795
832
782
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
803
885
867.
857
799
(2)
656
629
617
584
612
651
587
643
624
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
U / 23/77
11/30/77
838r
853r
931
804r
(1)
12/07/77
12/14/77
12/21/77
12/78/11
Net
(3)
168
166
215
198
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
4,723
4,445
4,742
5,201
(5)
(6)
(7)
4,891
4,611
4,957
5*399
26,563
28,540
28,520
27,920
26,699
28,626
28*594
28,209
28,656
29,099
30,056
30,912
29,947
27,906r
28,063r
28,765
29,178r
28,759
29,436
30J571
31,166
30,270
4,365
4,041
3,680
4,048
4,072
586
594
658
621
191
234
280
214
175
252r
259r
273
183r
1,005
1,035
944
88&r
l,112r
1,047
1,021
1,066
1,018
610
662
675
705
882
850
876
761
803
395
373
269
I83r
230r
197
145
305
215
4,503
4,862
4,515
4,469
3,870r
3,713
3,613
3,340
3,322
4,556
4,275
3,960
4,262
4,247
4,919r
4,-608r
4,533
4,717r
4,898
5,235
4,784
4,652r
4,100r
3,910
3,758
3,645
3,537
1,142
1,014
963
844
854
900
656
809
288
114
307
35
2,829
3,073
3,193
3,703
3,117
3,187
3,500
3,738
Footnotes at end of Table FCP-X-3.
4,667
4,349
4,260
4,534
Banks in U.S.
Bought
31,525
31,237
32,665
31,823r
32,335r
30,065
33,468
32,006r
32,435r
33,848
34,564
31,370
30,407
Sold
Net
<8) .
-136
-86
-74
-289
28,254r
28/706r
29,2.87
29,693r
32>045
31,829
32,681'
32,023r
32,322r
30,372
33,799
32,433r
32,948r
-103
-337
-515.
-254
-323
-348r
-643r
-522
-515r
-520
-592
-16
-200r
13r
-307
- m
-513
34,252
34,748
31,815
30,715
-404
-I84
-445
-308
Foreign
branch
net
[9 )
Net position
World
wide
net
(10)
-3,546
-3,097
-3,198
-3,697
-2,807
-2,574
-2,248
-2,597
-2,715
-3,514
-3,442
-3,299
-3,406
-3,682
-3,183
-3,272
-3,986
-2,910.
-2,911
-2,763’
-2,851
-3,038
-3,862r
-4,085r
-3,831
-3,921r
-3,154
-3,570
-3,398
-3,076
-2,742r
-2,454
-2,380
-3,674
-4,162
-3,414
-3,276r
-2,729r
-2,761
United
Foreign
States 24/ branch
12/
(11)
(12)
32
1,177
1,348
80
1,544
141
1,504
-91
88
1,558
1,467
-103r
-235
1,432
-40
1,451
1 -148
1,357
1,153
907
-384
9O-L
-249
1,128
' -332
-2,023
-2,383
-2,536
-125
-219
253
.-17
243
-110
-186
-122
-298
-1,436
-1,600
-1,941
-2,361
-1,840
-1,784
-2,386
-2,669
-116
-70
-138
-273
World
Exchange
wide 16/ rate 12/
(13)
1,209
1,428
1,685
1,413
1,646
1,364.
1,197
1,411
1,209
1*057
523
712
796
(14)
_
2.3159
2.3677
2.3745
2.3590
2.2938
2.3194
2.3307
2.3037
2.3176
2.3182
2.3280
2.3215
2 !3259
1,349
1,292
1,117
1,393
1,128
1,259
1,233
1,384
1,299
1,224
1,073
1,370
1,376
1,371
1,149
1,047
1,262
i;ooi
2.3003
2.2903
2.2871
2.2627
2.2447
2.2630
2.2476
2.2310
2.2205
1,393
1,473
1,252
1,342
1,277
1,403
1,114
1,069
2.1638
2.1384
2.1288
2.1146
Section V - German Mark Positions
Table FCP-V-3. - Consolidated Monthly Bank Positions
13/
%
(In millions of German marks)
Worldwide
End
of
month
1977 July.....
Aug......
(5)
(6)
Net
overall
position 21/
(7)
17,983
16,546
20,041
13,876
8,716
4,051
81,213
-
-82
-1,523
-1,633
-127
132
-70
-3,819
-2,837
1,152
2,032
1,949
2,832
-3,303
-
1,309
-820
77,910
81,213
-3,303
489
17,337
18,831
21,168
14,257
9,270
4,469
85,332
265
-1,874
-1,479
-388
465
-126
-3,137
-3,368
-4,185
1,899
1,502
2,482
2,742
4,209
17,602
16,957
19,689
13,869
9,735
4,343
82,195
-843
3,366
82,195
85,332
-3,137
-843
229
-3,976
-209
‘2,0$3
1,766
2,209
2,356
15,921
16,382
20,045
14,256
10,745
4,601
81,950
15,236
18,357
21,833
14,880
9,925
4,569
84,800
685
-1,975
-1,788
-624
820
32
-2,850
-3,291
—2,184
295
1,142
3,029
2,388
81,950
84,800
-2,850
14,498
16,798
21,247
15,111
12,206
4,776
84,636
14,296
18,695
22,725
16,069
11,122
4,978
87,885
202
-1,897
-1,478
-958
1,084
-202
Net
(1)
(2)
(3)
(4)
Demand/spot............................
3 days-1 month........................ .
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
6,988
15,127
12,508
6,784
4,474
10,012
(7) Total of all maturities................
(8) Capital assets, liabilities.............
55,893
1,200
-3,737
-1,314
2,785
2,159
1,817
2,902
4,612
—820
3,792
17,901
15,023
18,408
13,749
8,848
3,981
77,910
-
57,093
10,725
16,441
9,723
4,625
2,657
7,110
51,281
2,020
53,301
6,442
14,224
12,753
6,799
4,523
10,154
54,895
1,089
55,984
10,075
16,535
9,375
4,909
2,506
7,286
50,686
1,932
52,618
-3,633
-2,311
3,378
1,890
2,017
2,868
7,337
15,304
11,877
6,497
4,453
9,522
54,990
1,058
11,313
15,513
9,794
4,731
2,244
7,166
50,761
(1)
(2)
(3)
(4)
(5)
(1) Demand/spot.................. .
(2) 3 days-1 month.........................
(3) Over 1 month-3 months............... .
(1)
(2)
(3)
(4)
(5)
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 mOnths-6 months.................
Over 6 months-1 year............ .
(7) Total of all maturities................
(8) Capital assets, liabilities............
4,229
-907
3,322
Bought
56,048
1,965
52,726
7,354
14,761
13,731
6,499
4,380
9,717
56,442
10,808
16,335
11,409
4,326
2,292
7,055
52,225
-3,454
-1,574
2,322
2,173
2,088
2,662
1,090
1,966
-876
_
57,532
54,191
3,341
84,636
(1) Demand/spot............................
(2) 3 days-1 month..........................
7,745
13,173
15,473
6,460
4,985
9,302
57,138
10,843
14,258
14,941
4,085
2,307
7,188
53,622
-3,098
-1,085
532
2,375
2,678
2,114
3,516
(8) Capital assets, liabilities.............
1,277
54,415
2,043
55,665
7,531
18,415
13,499
7,014
4,915
10,165
61,539
11,719
19,034
12,006
4,425
3,048
7,268
57,500
Oct...... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Nov.... .
Net
Balance sheet items
Liabilities
(6) Over 1 year............................
(7) Total of all maturities.............. .
Sept.....
Foreign exchange contracts 20/
Sold
Assets 19/
Maturity
Demand/spot.............. ..... .
3 days-1 month.........................
Over 1 month-3 months...........
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
Total of all maturities............... .
Capital assets, liabilities.............
Dec......
(9) Summary ((7) + (8)).....................
1,072
1,379
-907
472
-3,249
-3,252
-3,471
844
1,215
3,172
2,460
968
87,885
-3,249
-876
92
17,425
16,792
21,820
15,389
12,319
5,565
89,310
17,142
18,134
22,633
16,600
11,547
5,745
91,801
283
-1,342
-813
-1,211
772
-180
-766
2,750
89,310
91,801
-2,491
-766
259
6,153
19,160
20,920
15,770
14,166
3,533
79,704
6,735
20,618
22,342
16,349
13,168
3,705
82,917
-580
-1,458
-1,422
-579
998
-172
-3,213
-4,768
-2,077
71
2,010
2,865
2,725
826
-
-
-
-852
79,704
82,917
-3,213
-26
4,217
1,115
1,967
-4,188
-619
1,493
2,589
1,867
2,897
4,039
-852
62,654
59,467
3,187
_
-2,491
-2,815
-2,427
-281
1,164
3,450
1,934
1,025
K*
VO
^1
00
Treasury Bulletin
124
FOREIGN CURRENCY POSITIONS,
Section VI - Italian Lira Positions
Table FCP-VE-L - Nonbanking Firms’ Positions _/
(In m i l l i o n s ot
Italian lire)
Forward exchange 8/
Short-term trade
Position
at end
of month
July 1977
Aug. 1977
(1)
4-,24-6
4,267
Short
term
debt y
(2)
100,023
97,659
Sept. 1977
Sept. 1977
n.a.
n.a.
n.a.
n.a.
Sept. 1977
419,549
Oct.
Liquid
assets 2 j
297r
n.a.
n.a.
n.a,
Nov.
1V77
n.a.
Dec.
Dec.
1977
1977
1977
n.a.
n.a.
477,610
Ppc.
1,398,857
Pay
ables 2/
(3)
206,360
185,327
(4)
13,434
13,530
(5)
46,877
47,626
2,849,647r
182,881
1,488,143
14,717
3,032,528r
1,502,870
16,012
149,114
n.a.
n.a.
L,435,836
Other
assets 6/
Receiv
ables i j
185,112
11,138
3,062,533
167,502
1,528,837
14,641
1,543,478
3,230,035
Other
liabil
ities 2/
Sold
Bought
(7)
Net
Ex
position 2/ change
rate 10/
Positions
held by
offices in:
27,089
28,621
65,231
73.397
(8)
80,026
83,030
102,142
87,777
881.64
882.03
United States
United States
'2,028,573
48,840
1,901,536
29,267
40,329
63,721
259,325
67,511
393,038r
80,936
882.42
882.42
Abroad
United States
2,077,213
1,930,803
104,050
326,836
473,974r
884.42
Worldwide
63,986
69,088
58,193
878.16
United States
87,870
356,050
95,490
91,;85
479,603
63,722
451,540
543,325
87b.71
870.32
870.32
870.32
United States
Abroad
United States
Worldwi^p
(6)
47,521
2?, *'*03
50,615
30,21.'
88,5*5
1,941,41,6 - 1,846,595
31,817
48,904
1,990 3?0 1,37*,412
56,000
98,626
154,626
(9)
(10)
Table FCP-VI-2. Weekly Bank Positions22/
(In millions of Italian lire)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
7/06/77
7/13/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
Net
(1)
55,451
28,631
54,285
34,650
n.a.
69,276
60,069
54,653
56,027
n.a.
49,572
n.a.
49,190
42,385
42,702
37,068
46,136
(2)
6,722
14,080
7,196
8,928
n.a.
12,903
7,778
6,486
6,537
n.a.
6,171
n.a.
5,115
8,786
3,207
11,928
3,299
(3)
48,729
14,551
47,089
25,722
38,644
41,740
44,477
43,959
69,206
6,654
4,026
6,234
5,638
2,333
2,100
5,227
8,828
n.a.
64,305
61,324
86,065
n.a.
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
Sold
Net
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States 14> branch
(8)
-38,306
-13,877
-47,288
-29,593
45,340
56,373
52,291
48,167
49,490
44,676
43,401
46,982
44,075
33,599
39,495
25,140
42,837
(4)
(7)
...... J ? L ..... ... R .........
208,010
159,281
994,432 L,032,738
138,751 153,302 1,021,174 L,035,051
106,590 153,679
978,940 L,026,228
965,326 994,919
98,927 124,649
103,262 148,602
958,148 996,089
927,250 974,150
124,997 181,370
978,700 1,029,708
113,196 165,487
978,981 L,032,083
115,930 164,097
990,834
134,575
85,085
935,194
102,021
146,697
891,194 924,341
88,262
963,315 1,026,303
131,663
91,038 138,020
928,935
986,557
105,010
854,198 896,987
149,085
889,546 911,487
131,219 164,818
138,998
883,891 923,428
99,503
68,552
93,692
892,634 918,918
111,886
841,530 883,148
154,723
-37,941
-46,900
-51,008
-53,102
-55,640
-33,147
-62,988
-57,622
-42,789
-21,941
-39,537
-26,284
-41,618
(10)
(9)
(11)
-73,840 -112,146 10,423
-52,582
-38,705
674
-76,581
-199
-29,293
-59,798 -3,871
-30,205
-9,948 -47,889
7,399
-30,990 -77,890 1 9,473
-53,920 -104,928
1,283
-28,657 -81,759 -4,935
-6,150
-4,716 -60,356
-51,732
-18,585
11,529
-37,050 -100,038 -19,587
-24,270 -81,892 -10,640
-33,946 -76,735
1,286
-39,313
-61,254 11,658
-67,646
-28,109
-42
-1,234 -27,518 -1,144
-31,335
1,219
-72,953
31,990
37,714
38,243
38,321
66,873
62,205
56,097
77,237
72,005
102,749
112,116
74,466
72,955
97,362
59,257
92,350
89,044
89,799
942,495
134,739
149,830
8837023
902,138
112,709
111,276
950,609
164,235
928,230
121,462 1 ,014,020
148,447 1,046,478
166,281 1,093,326
973.505
161,804
-30,275
-39,501
-44,457
-30,521
-61,133
-48,773
-49,226
-63,725
-70,137
-18,607
-31,514
-380
14,251
-9,733
25,989
-11,406
-13,571
-20,083
Footnotes at end of Table FCP-X-3.
972,770
922,524
946,595
981,130
989,363
1,062,793
1,095,704
1,157,051
1.043,642
-48,882
-71,015
-44,837
-16,270
-70,866
-22,,84
-60,632
-77,296
-90,220
World
Exchange
wide 16/ rate 17/
25/
1,715
-1,787
-6,214
7,800
5,740
13,432
6,871
13,512
1,868
(12)
85,441
100,046
77,297
68,722
(13)
95,864
100,720
77,098
64,851
93,314
94,007
59,276
87,273
80,369
83,436
51,212
66,768
71,064
91,906
71,394
67,318
80,551
100,713
103,480
60,559
82,338
74,219
94,965
31,625
56,128
72,350
103,564
71,352
66,174
81,770
(14)
883.78
886.92
886.92
886.33
881.45
881.45
883.39
881.25
882.03
882.22
884.66
882.81
883.78
881.45
881.64
880.67
879.51
84,142
80,602
74,086
87,206
87,629
85,246
80,944
75,473
69,716
85,857
78,815
67,872
95,006
93,369
98,678
87,815
88,985
71,584
877.67
879.89
877.96
877.39
876.71
876.14
872.89
874.70
873.74
June 1978
125
FOREIGN CURRENCY POSITIONS,
Section VII - Japanese Yen Positions
Table FCP-VII-1 . - Nonbanking Firms* Positions 1/
(In millions of Japanese yen)
Forward exchange j§/
Short-term trade
Position
at end
of month
Liquid
assets 2/
Short
term
debt 2/
Receiv
ables i j
Pay
ables 5/
Other
assets £/
Other
liabil
ities 2/
Bought
Sold
Net
Ex
position 2/ change
rate 10/
Positions
held by
offices in:
July
Aug.
1977
1977
(1)
52,765
42,427
(2)
681
984
(3)
22,077
23,361
(4)
28,487
29,294
(5)
35,260
38,547
(6)
10,261
10,215
(7)
87,389
86,991
(8)
98,142
88,433
(9)
59,920
62,400
(10)
266.63
267.52
United States
^hited States
Sept.
Sept.
1977
1977
187,293
42,623
293,550
737
662,382
21,094
442,973
31,941
416,936
36,900
348,007
8,486
21,377
106,713
8,076
90,615
195,382
75,551
263.59
263.59
Abroad
United States
Sept.
1977
229,916
294,287
683,476
474,914
453,836
356,493
128,090
98,691
270,933
263.59
Worldwide
Oct.
Nov.
Dec.
Dec.
Dec.
1977
1977
1977
1977
1977
n.a.
n.a.
n.a.
n.a.
274,960
n.a.
n.a.
n.a.
n.a.
286,044
25,618
21,621
606,175
19,062
31,217
28,984
394,827
27,193 1
625,237
422,020
n.a.
n.a.1
n.a. 1
n.a.(
491,28l| J
n.a.
106,196
97,?47
n.a.
n.a.
n.a.
109,374
26,435
98,490
114,677
6,985
110,242
376,024
124,925
117,227
91,388 !
77,830
242,670
72,418
315,088
248.91
United States
244.11
239.97
239.97
239.97
United States
Abroad
United States
Worldwide
Table FCP-VII-2. - Weekly Bank Positions 21/
(In millions of Japanese yen)
Assets and liabilities 12/
Banks in U.S.
Assets
Liabilities
Net
(2 )
(3)
49,964
49,151
53,568
45,108
Foreign
branch
net
Exchange contracts 13/
World
wide
net
10/05/77
10/12/77
10/19/77
10/26/77
(1 )
62,980
62,398
66,779
59,146
57,656
53,65644,012
42,921
49,539
50,661
47,536
45,64146,602
60,571r
64,789r
70,883r
65j715r
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
68,380r
49,615r
62,931r
66.760
48.760
28,354
25,997
26,207
25,945r
26,925r
40,026r
23,618r
36,724r
40,815r
21,835r
(5)
433,075
456,214
441,252
439,526
430,594
410,849
410,135
411,769
409,473
409,047
404,754
427,329
409,745
423,932r
381.042
434, H 0 r
386.043
436,l64r
379,255
376,544
426,698r
381,379r 421,405r
387,032r 410,65Qr
435,724r
399,000
400,854 441,669r
375,905 397,740r
12/07/77
12/14/77
12/21/77
12/28/77
51,95^
52,354
65,409
69,023
29,117
31,206
18,701
10,625
22,842
21,148
46,708
58,398
387,109
400,752
378,379
388,165
7/06/77
7/13/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
9/07/77
9/14/77
9/21/77
9/28/77
13,016
13,247
13,211
14,038
10,553
16,963
10,791
12,750
17,180
20,857
2‘
,784
17,284
16,619
17,681
16,722
13,974
15,561
47,103
36^693
33,221
30,171
32,359
29,804
21,752
28,357
29,983
42,890r
4S,067r
56,909r
50,154r
Footnotes at end of Table FCP-X-3.
(4)
383,111407,063
387,684
394,418
383,491
374,156
376,914
381,598
377,114
379,243
383,002
398,972
379,762
409,951
421,900
425,087
446,563
Banks in U.S.
Bought
, Sold
(6 )
(7)
1,038,509 1,079,052
1,083,86,4 1^113,657
1,005,997 1,056,743
1,034,9lb 1,073,078
1,015,321 1^062,594
996,69,9. 15,038,147
1,064,325: 1^00,485
1,069,762 11103,587
1,0617,65,8. 1^098,937
1,101,40.0: ,J.9,<?53
1,103,703' ,^9,5a1,083,642. ,102,901
1,145,217: ^55,920
1,400,460^1 ;432,53>
l,390,61lil ,f423,229r
l,508,0b7|l ,'534,b3r
1,467,71211 ?01,f>83r
Net
Foreign
branch
1,511,90931 ,533,376r
1^445,072rl *463,p65r
1,515,3711 f ,^42 ,l751r
1,726 , 5 7 m ,'759,759r
1,734,640: 1 ,724,^38r
(8 ) net(9)
-40,543 -315,950
-29,793 -342,103
-50,746 -317,848
-38,168 -322,009
-47,273 -321,639
-41,448. -325,034
-36,160. -325,956
-33,825. -318,642
-30,379: -318,167.
-18,253 -317,515
-15,838 -325,604
-19,259’-324,010
-10,703 -316,852
-32,073* -316,400
-32,6ir -327,637
-26,82(__ -323,813
-33,9713* -330,300
-21,467: -329,128r
-17,993: -338,715r
-27,380: * -331,160
-33,188:* -342,450
10,402: -315,962
l,7i6,691i1 ,''718,95$
,f787,908
1,774,76^1,..,,^
1,703,6671 ^743,568
1,579,687 1,627,184
-2,267 -329,715
-13,144 -336,874
-39,901 -320,046
-47,497 -320,674
Net position
Worldwide
net
(10 )
-356,493
-371,896 j
-368,594 I
-360,177 I
-368,912 1
-366,482,
-362,116 |
-352,467 |
-348,546
-335,768!
-341,442 !
-343,269 |
-327,555:
-348,473r
-360,255?
-350,639i;
-364,271r
-350,595r
-356,708r
-358;540r
-375?638r
-305,56Or
-331,982
-350,018
-359,947
-368,171
United
Foreign
States 14/ branch
is/|
(11)
1 (12)
67,161
9,421
64,960
19,358
2,822
69,836
6,940
72,409
61,$52
-170
49,122
-4,755
50,958
-2,939
62,956
-3,654
1,980
58,947
61,728
11,551
57,398
5,914
9,098
74,962
19,280.
62,910
10,817r
64,642
15,449r
58,406.*
30,083r
55,442
I6,l83r
46,244
52,251r
18,559r
48,317r
5,625r
9,344r
67,840
7,627r
58,404
32,237r
59,943
20,575
57,394
63,878
8,004
6,807
58,333
10,901
67,491
Worldwide
Exchange
rate r 7/
(13)
76,582
84,318
72,658
79,349
61,682
44,367
48,019
59,302
60,927
73,279
63,312
84,060
82,190
75,459r
73,855r
85,525r
62,427r
(14)
265.41
272.18
278.44
277.66
70,810r
53,942r
77,184r
66,031r
92,180r
247.59
247.28
245.28
240.04
244.11
241.52
238.07
2 a . 49
240.18
77,969
71,882
65,140
78,392
265.53
266.06
266.97
265.98
267.52
266.92
266.92
266.95
266.67
260.86
256.57
255.50
251.52
Section VII - Japanese Yen Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions 18/
(In millions of Japanese yen)
C\
Worldwide
End
of
month
Maturity
Assets 19/
Foreim exchange contracts £0£_
Sold
Net
Net
overall
position 21/
(7)
(2)
(3)
(4)
(5)
(6 )
274,813
558,583
777,426
502,016
226,508
25,355
2,364,701
-200,721
-2,841
260,392
19,264
-13,226
4,278
1,170,953
38,040
1,208,993
288,269
406,303
646,114
443,617
210,550
16,303
2,011,156
13,456
-152,280
-131,312
-58,399
-15,958
-9,052
1,591,644
31,358
1,623,002
-214,177
149,439
391,704
77,663
2,732
13,330
420,691
-6,682
-353,545
67,146
-6,682
414,009
2,011,156
2,364,701
-353,545
60,464
149,699
532,351
681,558
141,257
27,141
26,658
373,325
386,972
284,672
71,576
28,561
-223,626
145,379
396,886
69,681
-1,420
1,558,664
31,638
1,590,302
1,153,114
405,550
239,637
501,713
607,175
452,778
237,548
27,995
2,066,846
242,458
647,533
718,035
510,717
257,837
29,836
2,406,416
-2,821
-145,820
-110,860
-57,939
-20,289
-1,841
-339,570
-226,447
-441
286,026
11,742
-21,709
16,809
65,980
35,941
1,189,055
-4,303
401,247
2,066,846
2,406,416
-339,570
-4,303
61,677
(1) Demand/spot.............. .
(2) 3 days-1 month............
(3) Over 1 month-3 months......
(4) Over 3 months-6 months.....
(5) Over 6 months-1 year.......
(6) Over 1 year.............. .
(7) Total of all maturities....,
(8) Capital assets, liabilities,
166,739
'29,739
830,847
123,492
25,022
25,017
1,600,856
367,279
312,483
431,093
55,740
21,036
5,935
1,193,566
-200,540
117,256
399,754
67,752
3,986
19,082
407,290
464,234
579,156
592,958
538,359
233,769
23,938
29,091
-112,552
-148,800
-51,734
-26,689
-6,827
2,432,414
435,143
691,708
741,758
590,093
260,458
30,765
2,749,925
32,429
(9) Summary ((7) + (8)).......
1,633,285
40,124
1,233,690
-7,695
399,595
2,432,414
2,749,925
-317,511
82,084
(1) Demand/spot...............
(2 ) 3 days-1 month............
(3) Over 1 month-3 months......
(4) Over 3 mOnths-6 months.....
(5) Over 6 months-1 year......
(6) Over 1 year...............
(7) Total of all maturities....
(8) Capital assets, liabilities.
152,586
397,748
857,302
103,673
29,223
27.860
1.568,392
32,981
399,993
354,652
310,680
54,764
21,048
11,582
-247,407
43,096
546,622
48,909
8,175
16,278
367,292
474.718
959,807
650.719
223,339
26,960
369,790
602,522
1,043,046
759,419
251,392
29,860
-2,498
-127,804
-83,239
-108,700
-28,053
415^673
-3,378
2,702,835
3,056,029
-353,194
36,359
-249,905
-84,708
463,383
-59,791
-19,878
13,378
62,479
-3,378
(9) Summary ((7) + (8))........
1,601,373
412,295
2,702,835
3,056,029
-353,194
(1) Demand/spot...............
147,940
537,481
742,122
118,373
35,051
28.756
1.609.723
34,272
414,321
235,055
428,736
64,809
19,506
11,962
-266,381
302,426
313,386
53,564
15,545
16,794
458,646
704,392
935,539
771,821
218,999
28,094
3.117,491
476,609
757,760
1,075,567
868,146
254,757
3,461,448
-17,963
-53,368
-140,028
-96,325
-35,758
-515
-343,957
(6) Capital assets, liabilities,
(9) Summary ((7) + (8)).......
(1) Demand/spot.............. .
(2 ) 3 days-1 month.............
(3) Over 1 month-3 months......
(4) Over 3 months-6 months.... .
(5) Over 6 months-1 year.......
(6) Over 1 year................
(7) Total of all maturities....,
(8) Capital assets, liabilities,
(9) Summary ((7) + (8))........
Sept.
Bought
365,323
288,349
400,155
74,959
27,329
14,838
(1) Demand/spot..............
(2 ) 3 days-1 month............
(3) Over 1 month-3 months.....
(4) Ov etO months -6 months....
(5) Over omonths-1 year......
(6) Over 1 year..............
(7) Total of all maturities....
Aug.,
Net
151,146
437,788
791,859
152,622
30,061
28,168
(1)
1977 July.,
Balance sheet items
Liabilities
(2) 3 days-1 month............
(3) Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year................
(4)
(5)
(6)
(7)
Total of all maturities....
(8) Capital assets, liabilities.
(9) Summary ((7) + (8))........
Demand/spot...............
3 days-1 month.............
Over 1 month-3 months......
Over 3 months-6 months......
(5) Over 6 months-1 year.......
(6) Over 1 year............
8)
111
(7) Total of all maturities....
8)
Capital assets, liabilities..
(9) Summary ((7) + (8))........
-L-6,43^995,,,
194,960
493,414
792,767
133,799
19,199
25,911
1,660,050
35,128
1,695,178
-317,511
-171,449
4,704
250,954
16,018
-22,703
12,255
89,779
-7,695
59,101
-284,344
249,058
173,358
-42,761
-20,213
16,279
91,377
-3,590
87,787
1.174.389
37,862
...43?,,331.
1.212.251
.43LJ&L.
3.117,491
3,461,448
-343.957
408,774
430,784
295,683
64,669
14,246
12,099
1,226,255
-213,814
62,630
497,084
69,130
4,953
13,812
255,512
780,433
945,371
660,995
212,517
22,152
238,450
884,193
1,054,829
17,062
-103,760
-109,458
-124,828
433,795
2,876,980
3,230,720
-5,374
-353,740
-196,752
-41,130
387,626
-55,698
-22,429
8,438
80,055
35,746
1,262,001
-618
433,177
2,876,980
3,230,720
-353,740
79,437
-3,590
785,823
239,899
27,526
-27,382
-618
i
da
127
June 1978
_____FOREIGN CURRENCY POSITIONS _ ________
Section VIII - Swiss Franc Positions
Table FCP-VIH-1. - Nonbanking Firms* Positions 1/
(In millions of Swiss francs)
Short-term trade
Position
at end
of month
Liquid
assets 2/
Short
term
debt y
Receiv
ables lJ
Forward exchange 8/
Pay
ables 5 /
Other
assets £/
Other
liabil
ities 2/
(5)
554
560
(6)
3,442
3,341
(7)
354
407
(8)
139
124
(9)
-3,697
-3,573
(10)
2.4044
2.3946
United States
United States
Bought
Net
Ex
position 2/ change
rate 10/
Sold
Positions
held by
offices in:
(1)
291
281
(2)
1,141
1,181
(3)
.’
uly 1977
Aug. 1977
54
59
(4)
228
234
Sept. 1977
Sept. 1977
1,601
277
1,067
1,202
1,719
56
970
219
3,743
473
4,719
3,310
442
474
361
161
388
-3,612
2 3471
2.3471
Abroad
United States
Sept. 1977
1,878
2,269
1,775
1,189
4,216
8,029
916
522
-3,224
2.3471
Worldwide
55
56
1,579
46
143
230
373
206
-3,458
1,090
3,292
4,178
3,182
7,360
63‘s
1,625
44°
429
3,900
477
4,377
586
221
848
2.2297
2.1598
1.9914
1.9914
1.9914
United States
United States
Abroad
United States
Worldwide
1977
2Y<
1,221
Nov. 1977
Dec. 1977
Dec. 1977
Dec. 1977
299
1,561
394
1,955
1,236
969
1,209
2,178
Oct.
242
473
792
1,265
579
-3,560
1,145
-3,130
-1,985
Table FCP-VHI-2. - Weekly Bank Positions u/
(In millions of Swiss francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
7/06/77
7/13/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
9/07/77
9/14/77
9/21/77
9/28/77
(1)
474
507
429
434
469
456
436
514
530
523
483
480
565
10/05/77
10/12/77
10/19/77
10/26/77
424
393
13/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
390
409
408
468
466
605
597
401
428
646
671
(2)
213
271
245
260
289
257
242
309
351
368
330
351
453
403
462
380
342
321
349
339
343
441
393
406
474
524
Footnotes at end of Table FCP-X-3.
Net
Foreign
branch
net
(3)
261
236
184
174
180
199
194
205
179
155
153
129
112
(4)
2,514
2,344
2,289
2,213
2,230
2,194
2,288
2,118
2,436
2,219
2,299
2,020
2,437
21
-69
21
86
2,463
2,522
2,646
2,673
69
60
69
125
25
212
191
172
147
2,90T r
2,980
3,133
2,928
2,995
2,923
3,184
3,273
3,250
1 | ]
Exchange contracts 13/
I jBanks
1
World
1 1
in U.S.
Foreign
wide
branch
net
' Bought
net
Sold
Net
(5)
(8)
(6j
1 (7)
(9)
11,626
2,775
11,2^5
-331 -2,223
2,580 1 12,448
12,677
-229 -2,071
-156 -1,816
2,473
12,109
11,953
12,111
2,387
12,335
-224 -1,940
11',916
12,396
-480 -1,893
2,410
-336 -1,973
12,283
2,393 ' H,9l7
2,482 ! 12i>,6P
13,108
-415 -2,045
131,062
-297 -1,804
'13,359
2,323 '
13,410
-268 -2,133
2,615
13.,lf2
13^2(70
13,586
-316 '-2,061
2,374
2,452
13,308
-301 -1,890
13,007
-316
-1,727
2,149
14,107 , 14,423
-228 -1,^40
15,2p9
15,487
2,549
-250 -1,981
14,707
2,484
14,4g7
38 -2,204
14,288
14,326
2,453
14,180
75 -2,314
2,667
14,255
5 -2,341
2,759
14,5p9
14,594
106 -2,575r
14,867
14,9173
2,970r
13,716
-168 -2,546
3,040
13,548
-2,702
14,188
3,202 1 13,965
-223
-221 -2,546
14,686
14,465
3,053
-110
-2,500
3,020
15,193 , 15,303
3,135
3,375 1
3,445,,
3 ,397 h
14,895
131,992
14,332
13,536
|15,097
14,277
-292
-285
!13,817
-281
14,628
-296
- 2,482
-2,744
-2,846
-2,782
Net position
World
wide
net
(10)
-2,554
-2,300
-1,972
-2,164
-2,373
-2,309
-2,460
-2,101
-2,401
-2,377
-2,191
-2,043
-2,168
-2,231
-2,166,
-2,239'
-2,336
-2,469r
-2,714
-2,925
-2,767
-2,610'
-2,774
-3,029
-3,142
-3,063
United
Foreign
States 1£/ branch
15/
(12)
(11)
-70
291
7
273
28
473
-50
273
-300
337
221
-137
-221
243
-92
314
-89
303
158
ybx
-148
409
-187
293
-116
497
482
-229
318
-31
96
332
332
91
326
175
-108
434
-154
431
382
-96
495
-85
-80
-94
-124
-134
441
440
427
468
World
Exchange
wide 16/ rate 17/
(13)
221
280
501
223
37
84
22
222
214
-3
261
106
381
253
287
428
423
501
326
277
286
410
361
346
303
334
(14)
2.4355
2.5167
2.5230
2.5137
2.4021
2.4158
2.4359
2.3756
2.3946
2.3819
2.3878
2.3627
2.3532
2.3351
2.3007
2.2792
2.2361
2.2190
2.2620
2.2090
2.1869
2.1598
2.1195
2.0775
2.0296
2.0243
Section VIII - Swiss Franc Positions
Table FCP-VIII-3 . - Consolidated Monthly Bank Positions W
(In millions of Swiss francs)
to
00
Worldwide
End
of
month
Maturity
1977 July.... (1)
(2)
(3)
(4-)
(5)
(6)
(7)
Demand/spot............................
3 days-1 month........ .................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
Total of all maturities................
(8) Capital assets, liabilities.......... .
Aug.... (1)
(2)
(3)
(4-)
Demand/spot..... ............... .
3 days-1 month.... .....................
Over 1 month-3 months..................
Over 3 months-6 months............. .
(6) Over 1 year............................
(7) Total of all maturities................
(8) Capital assets, liabilities.............
Sept... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot......... ...................
3 days-1 month....................... .
Over 1 month-3 months..................
Over 3 mOnths-6 months.................
Over 6 months-1 year...................
Over 1 year........... ............. .
Total of all maturities.................
Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
Oct.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot........................ .
3 days-1 month..................... .
Over 1 month-3 months..................
Over 3 months-6 months.............. .
Over 6 months-1 year..... ..............
Over 1 year............. .
Total of all maturities................
Capital assets, liabilities.............
Summary ((7) + (8))....................
Nov.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot................... ........
3 days-1 month.........................
Over 1 month-3 months............. .
Over 3 months-6 months.... .............
Over 6 months-1 year...................
Over 1 year..........................
Total of all maturities................
Dec....
Assets 19/
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
Bought
(5)
(4)
-26
-389
414
1,607
239
750
2,595
-255
3,754
5,666
7,933
5,802
2,596
1.280
27,031
_
3,877
6,927
7,715
6,536
2,850
1.585
29,490
_
15,582
13,242
2,340
27,031
29,490
-2,459
-119
1,246
3,022
4,304
4,523
1,127
1,588
1,450
3,463
3,899
2,671
881
735
13,099
493
13,592
5,915
7,081
7,330
6,851
2,309
1,503
30,989
-
5,500
8,190
7,786
7,749
2,455
1,782
33,462
-
415
-1,109
-456
-898
-146
-279
15,810
258
16,068
-204
-441
405
1,852
246
853
2,711
-2,473
_
211
-1,550
-51
954
100
574
238
30,989
33,462
-2,473
3
1,376
3,150
3,890
4,728
1,110
1,508
15,762
257
1,441
3,396
3,669
2,687
771
873
12,837
-65
-246
221
2,041
339
635
2,925
-256
6,095
5,475
7,748
7,935
1,917
1,477
30,647
_
6,719
5,964
8,522
8,221
1,959
1.652
-689
-735
-553
1,755
297
A60
_
-624
-489
-774
-286
-42
-175
-2,390
_
16,019
513
13,350
-235
2,476
33,037
-123
-1,261
218
-734
-254
-305
-149
-1,650
632
873
-15
Z.Z.5
-2.459
136
-255
-235
535
-256
2,669
30,647
33,037
-2,390
279
1,277
2,825
4,797
4,426
1,204
1,417
15.946
254
16,200
1,374
3,360
4,020
2,657
874
815
13,100
516
-97
-535
777
1,769
330
602
2,846
-262
4,645
5,625
8,329
7,671
2,175
1,479
29.924
-
4,563
6,974
8,916
7,996
2,194
1,616
32.259
-
82
-1,349
-587
-325
-19
-137
-2.335
-15
-1,884
190
1,444
311
465
511
-262
13,616
32,259
-2,335
249
1,037
4,202
3,999
2,666
1,141
843
13,888
2,584
168
-904
1,400
1,611
67
689
3,031
-262
29,924
1,205
3,298
5,399
4,277
1,208
1,532
6,457
6,817
8,351
6,801
2,615
1,687
32,728
6,507
7,388
9,915
7,136
2,592
1,818
35,356
-
-50
-571
-1,564
-335
23
-131
-2,628
_
118
-1,475
-164
1,276
90
558
35,356
-2,628
-749
-11,601
-3,966
-2,875
240
-33
-18,984
-
(9) Summary ((7) + (8))....................
17,181
524
14,412
(1)
(2)
(3)
(4)
(5)
1,254
13,999
7,730
6,494
1,363
1,565
32,405
1,101
4,118
3,415
2,628
1,050
920
13,232
19,173
3,654
6,250
9,962
5,607
3,009
938
29,420
263
530
-267
-
32,668
13,762
18,906
29,420
(8) Capital Assets, liabilities............
(
C ! i i m^/;
m o +jl /<5\\
\yj
oummary
.........
(6)
Net
overall
position 21/
(7)
1,151
3,437
3,901
2,572
882
783
12,726
516
16,919
262
(7) Total of all maturities..... ...........
Net
1,125
3,048
4,315
4,179
1,121
1.533
15,321
261
(8) Capital assets, liabilities.............
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Foreign exchange contracts 20/
Sold
2,769
153
9,881
4,315
3,866
313
645
32,728
4,403
17,851
13,928
8,482
2,769
971
48,404
_
48,404
403
-262
..
141
- 5%'"
-1,720
349
991
553
612
189
-267
-18,984
-78
I
bs
I
8*
June 1978
129
_____FOREIGN CURRENCY POSITIONS________
Section IX - Sterling Positions
Table FCP-IX-1. - Nonbanking Firms* Positions _y
(In millions of pounds)
Position
at end
of month
Short-term trade
Liquid
assets 2/
Short
term
debt
Receiv
ables l j
Pay
ables 2/
(1)
(2)
(3)
(4)
1977
72
54
Sept. 1977
Sept. 1977
Sept. 1977
1,026
66
1,092
JvHy 1977
Aug.
112
136
215
200
l,878r
139r
2,017r
324
342
4,096
22A
3,027
186r
3,213r
5,609
351r
5,960r
166r
187r
3,882
1977
1977
105
89
99
95
229
235
Dec.
Dec.
Dec.
1977
1977
1977
1,125
1,855
136
1,991
4,181
229
4,410
1,214
(5)
197
198
Oct.
Nov.
89
Other
assets £/
3,133
198
3,331
Other
liabil
ities 2 /
(6)
Bought
343r
339r
l,239r
l,216r
1,248
1,245
-50r
-106r
1.7370
1.7428
United States
United States
4,199
338r
4,537r
284r
1.125r
l,409r
229
1,083
1,312
1,468
lOr
l,47^r
1.7476
1.7476
1.7476
Abroad
United States
Worldwide
330r
325r
2 ,141r
l,174r
1,094
1,099
l,lllr
ll4r
1.8450
1.8172
United States
United States
414
1.165
1,579
245
1.118
1,363
1,719
65
1,784
1.9194
1.9194
1.9194
Abroad
United States
Worldwiae
4,400
296
4,696
Assets and liabilities 12/
Banks in U.S.
Date
Assets
Liabilities
Net
World
wide
net
(1)
(2)
(3)
(4)
(5)
11
19
21
24
10
4
17
13
22
74
63
78
58
-105
-82
-13
-72
-100
-192
-131
-226
-258
-190
-189
-92
-96
-108
5
76
115
168
91
59
91
74
92
-19
20
23
-31
-19
65
-14
-15
-110
-45
-146
-182
-125r
-114r
9r
-2
-17
97r
170
196
95
86
103
93
98
95r
99r
ll8r
112
108
109r
106
111
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
126
123r
95
102
85
102
86
113
97
30
24
17
18
17
17
12
30
40
38
25
33
33
34
35
24
30
Footnotes at end of Table FCP-X-3,
85
82
86
80
76
65r
75r
lOlr
94
91
92r
94
81
86
85r
70
69
52
68
51
89
67
(9)
254
176r
129
160
126
160
32
109
90
Banks in U.S.
Bought
Sold
Net
(6)
(7)
8,661
8,654
8',627
9,056
(8)
8,578'
8,590
8,561
9,023
9,067
9,057
9,166
8,985
8,669
8,963r
9,339r
9,127r
9,032r
9,337r
9,00!7r
9,564r
10,01|4r
9,94|8r
9,509r
9,345r
9,474r
9,431r
9,318
9,293
8,94,8
8,751
(10)
11/
pouiia^.)
Exchange contracts 13/
Foreign
branch
net
85
82
99
82
7/06/77
7A3/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10A9/77
10/26/77
ji
Positions
held by
offices in:
(8)
Table FCP-IX-2 . - Weekly Bank Positions
'-r r-j.1
Net
Ex
position 2/ change
rate 10/
Sold
(7)
325
322
5,632
330
,962
Forward exchange 8/
9,159
9,166
9,212
9,032
8,712
8,968r
9,297r
9,194*
9,089r
9,384r
9,080r
9,627r
10,041r
9,982r
9,576r
9,446r
9,554r
9,485r
9,380
9,353
9,058
8,802
-83
-64
-66
-33
-92
-109
-46
-47
-43
-5
42r
-t67r
-57r
-47
-73r
-63 ,
-27 '
-34r
-67
-lOlr
-80r'
-54r
-62
-60
-110
-51
Net position
Foreign
branch
net
World
wide
net
(9)
155
150
60
137
152
214
188
275
304
247
281
163
154
183
42
-15
-47
-100
-35
12
-52
-16
(10)
72
86
-6
104
60
105
142
228
261
-40
57
3
6
242
323r
96r
97r
136
- 31r
-78
-74
-134**
-102
-89r
-132r
-70r
-102
-3
-107
-45
United
Foreign
States Itjj braneh
15/
(12)
(U)
50
-9
-1
68
12
47
65
25
52
-7
22
-27
40
57
49
33
46
33
60r
57
92
117
71
34
37r
58
44
19
31
54
52r
l8r
- 31r
-Hr
-2r
6
-9
-21
16
75
47
61
68
68
56
71
39
58
52
38
23
29
World
Exchange
wide 16/ rate 17/
(13)
41
67
59
90
45
-5
97
82
79
117r
209
105
95r
119
66
92
122
12Or
74r
40r
28r
56r‘
58
29
2
45
(14)
1.7208
1.7197
1.7198
1.7199
1.7398
1.7393
1.7407
1.7421
1.7428
1.7428
1.7442
1.7435
1.7447
1.7570
1.7627
1.7670
1.7776
1.8359
1.8041
1.8192
1.8182
1.8172
1.8278
1.8474
1.8769
1,8968
Section IX - Sterling Positions
Table FCP-IX-3. - Consolidated Monthly Bank Positions W
(In millions of pounds)
O
Worldwide
End
of
month
Assets 19/
(1)
1,609
1,288
1,268
935
571
784
6,455
1977 July..... (1)
(2)
(3)
(4)
(5)
(6)
(3)
176
-517
Bought
Foreii?n exchange contracts f M . .......... ....
Sold
Net
(4)
(5)
2,352
4,070
5,428
5,3a
2,292
634
20,097
-39
52
81
195
-58
-150
81
137
-465
—264
117
145
380
50
20,097
81
-31
19
-17
136
106
284
-75
-189
245
-221
-542
-119
362
174
433
87
245
5
92
71
-53
117
137
9
-211
-201
-747
149
170
295
439
70
105
-31
270
6,756
-31
-62
20,178
1,566
1,276
1,522
812
634
892
6,702
1,770
1,954
1,747
734
385
270
6,860
-204
—678
-225
78
249
622
-158
1,740
3,988
5,738
5,223
2,208
541
19,438
(8) Capital assets, liabilities.............
(9)
278
6,980
273
7,133
5
-
19,193
-
-153
19,438
19,193
Demand/spot............ ................
3 days-1 month...... ........... .......
Over 1 month-3 months........... .......
Over 3 months-6 months
Over 6 months—1 year
1,591
1,387
1,576
879
671
952
-272
-694
32
33
286
650
1,856
3,355
6,235
4,741
2,368
696
1,785
3,408
6,118
4,604
2,359
907
19,181
239
6,694
" -78
HI
203
530
(6)
Net
overall
position 21/
(7)
2,313
6,486
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1,757
3,852
5,632
4,939
2,283
730
7,056
1,863
2,081
1,544
846
385
302
7,021
35
19,251
(8)
313
302
11
_
(9)
......7 , 3 6 9 _ .....
1,797
1,700
1,379
1,085
697
942
7,600
7.323
2,227
1,849
1,530
906
464
313
7,289
46
-430
-149
-151
179
233
629
311
19.251
2,440
3,951
6,356
4,670
2,570
820
20,807
19.181
2,416
4,068
6,304
4,551
2,581
1,072
20,992
337
7,626
-11
300
20,807
20,992
-185
115
-558
-85
-277
297
144
499
20
-12
. :d
:2)
:3)
:4)
[5)
(6)
[7)
Oct
(2)
1,433
1,805
1,613
1,013
368
254
Net
4,122
5,509
5,516
2,234
484
20,178
(7)
(8)
(9)
Sept...
Balance sheet items
Liabilities
(1)
(2)
(3)
(4)
(5)
(6)
<7)
Demand/spot..................... .
3 days-1 month................. ........
Over 1 month-3 months,.............. .
Over 3 months—6 months.......
Total of all maturities........... .
(8) Capital assets, liabilities.... ........
[9)
Summary ((7) + (8))............... .
326
7,926
1,621
1,571
1,381
1,149
691
1,009
7,422
(9)
Demand/spot................. ....... .
3 days-1 month........................
Over 1 month-3 months.................
Over 3 months-6 months.............. .
Over 6 months-1 year..................
Over 1 year...........................
Total of all maturities...............
Capital assets, liabilities...........
Summary ((7) + (8))...................
7,782
Dec....... (1)
(2)
(3)
(4)
(5)
(6)
(7)
t
(8)
(9)
Demand/spot....... ....................
3 days-1 month........................
Over 1 month - 3 months...............
Over 3 months-6 months ...............
Over 6 months-1 year..................
Over 1 year...........................
Total of all maturities...............
Capital assets, liabilities...........
Summary ((7) + (8))...................
1,82b
1,643
1,887
1,155
771
950
8,232
162
8,394
Nov......
i
(5)
(6)
(7)
:s)
360
11
70
....... T 4 .... .. " ...
-117
52
119
-11
-252
-185
116
-405------ j
-266
-99
298
222
377
126
-11
-465
-162
-376
278
131
744
150
-12
2,264
4,415
5,843
4,594
2,727
981
2,357
4,338
5,744
4,575
2,714
1,226
20,824
-
20,954
-
-93
77
99
19
13
-245
-130
-
7.644
138
20.824
20.954
-130
8
2 057
2 416
1 978
*839
516
316
8,122
157
8,279
-231
-773
—7-L
•31A
1 695
3,972
5,542
1 £77
A,0//
3,917
5,477
4,339
2,812
699
18,921
18
55
65
54
28
-289
-69
18 921
*
-69
213
718
-26
370
283
345
41
"3
46
2,086
1,733
1,757
871
560
265
7,272
372
634
"" llo
5
115
2,840
410
18,852
18,852
'I
to
%
I
June 1978
131
FOREIGN CURRENCY POSITIONS______________
Section X - United States Dollar Positions Abroad
Table FCP-X-1 . - Nonbanking Firms’ Foreign Subsidiaries’ Positions
(In millions of United States dollars)
Liquid
assets 2/
Position
at end
of month
(1)
Sept. 1977.....
6,283r
Dec.
6,441
1977.....
Short
term
debt 2J
(2)
3,862r
4,462
Short-term trade
Other
assets 6/
Other
liabili
ties 7/
Receiv
able Lj
(3)
abies j>/
(4)
(5)
8,556r
8,625
12,998a?
13,127
9,12C
13,608
9,805
14,431
(6)
Forward exchange £/
Bought
(7)
l,784r
2,256
Net
position 3/
Sold
(8)
(9)
910
-5,635r
-6,055
1,162
Table FCP-X-2 . - Weekly Bank Foreign Office Positions
(In millions of United States dollars) 11/
Date
7/06/77
7/13/77
7/20/77
7/27/77
8/03/77
8/10/77
8/17/77
8/24/77
8/31/77
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/L4/77
12/21/77
12/28/77
Net
assets and
liabilities 12/
(1)
-3,605r
-3,50Gr
-3,6l6r
-3,298r
-3,191r
-2,809r
-2,733r
-2,776r
-2,887r
-2,887r
-2,727r
-2,789r
-3,004r
-2,884r
-3,170r
-3,325r
-3,275r
-3,3l8r
-3,911r
-3,686r
-3,867r
-3,565r
-3,100
-3,507
-3,729
-3,948
Net
exchange
contracts 13/
(2)
3,708r
3,491r
3,456r
3,206r
2,944r
2,9l8r
2,869r
2,522r
2,958r
3,083r
3,000r
2,919r
3,056r
2,885r
3,161r
3,374r
3,425r
3,382r
3,960r
3,747r
3,723r
3,442r
3,284
3,527
3,840
4,123
Net
position
(3)
103r
-9r
-I60r
-92r
-247r
109r
136r
-254r
71r
196r
273r
130r
52r
lr
-9r
49r
150r
64r
49r
6lr
-144r
-123r
184
20
111
175
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - Monthly Bank Foreign Office Positions is/
(In millions of United States dollars)
Worldwide
End
of
month
Maturity
Assets 19/
(1)
1977 July.....
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............... ............
3 days-1 month.................... .
Over 1 month-3 months..................
Over 3 months-6 months................ .
Over 6 months-1 year................... .
Over 1 year............................
Total of all maturities.............
Capital assets, liabilities............
(1) Demand/spot........................... .
(4) Over 3 months-6 months....... .. .........
(6) Over 1 year........ .. ...................
(8) Capital assets, liabilities..... .. ......
(9) Summary ((7) + (8))................. .
Sept....... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 mOnths-6 months............... .
Over 6 months-1 year...... ........... .
Over 1 year........................ .
Total of all maturities................
Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
Oct#......
Nov......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot.......... ..................
3 days-1 month.........................
Over 1 month-3 months............. .
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year...... ................... .
Total of all maturities................
Capital assets, liabilities..... .......
Summary ((7) + (8))....................
.1) Demand/spot............................
(3) Over 1 month-3 months..................
(4 ) Over 3 months-6 months.................
Dec
(1) Demand/ spot.................... .
(2) 3 days-1 month..........................
(3) Over 1 month-3 months.............. .
(4 ) Over 3 months-6 months.................
(5) Over 6 months-1 year................. .
Total of all matutities.............. .
(8) Capital assets, liabilities............
(7)
17,311
33,791
45i319
31,159
8 159
10.074
145,813
346
146,159
16,783
32,11C
48,188
29,417
8,847
10,079
145,424
249
145,673
Balance sheet items
Liabilities
Net
(2)
(3)
31,090
39,914
42,473r
22,860
6,479
6,075
148,89lr
-13,779
-6,123
2 , 846j»
8,299
1,680
3,999
-3,078r
518
-172
149,409r
Net
(4)
(5)
(6)
ll,993r
15,2£3r
16,704r
14,538r
6,574r
1,578
66,670r
11,622
13,976r
15,942r
14,254r
6 685
_
l!o69
63,548r
_
Net
overall
position 21/
(7)
37lr
l,307r
762r
284r
-lllr
509
3,122r
_
-9,594
-10,894
3,722
8,033
1 914
4A32
-2,687
10,696
16,076
17,899
14,686
6,809
1,639
67,805
10,567
17,071
14,348
7 104
1^103
65,081
129
1,188
828
338
-295
536
-9 a 6c
-9 706
2,724
67,805
65,081
2,724
37
-269
-232
10,126
15,432
18,370
15,219
7,220
1,591
67,958
10,082
14 235
17^392
14,593
7,776
1,135
65,21;
44
1 197
^978
626
-556
456
14,888
148,629
26,716
46,594
46,195
22,542
6,626
5,539
154,212
-6,807
-12,369
1,153
9,251
1,685
4,171
-2,916
321
151,617
558
154,77C
-237
-3,153
67,958
65,213
2,745
17,288
35,191
44,335
35,621
8,940
9,621
150,996
28,686
42,902
44,102
25,982
7,196
5,610
154,478
-11,398
-7,711
233
9,639
1,744
4,011
-3,482
9,868
16,590
20,785
16,049
7,821
1,673
72,786
9,990
14*676
19,931
14,983
8,472
1,119
69,171
-122
1 91.4
*854
1,066
-651
554
3,615
302
151,298
582
155,060
-280
-3,762
775
46,237
35,843
8,593
9,970
153,387
339
153,726
30,295
40 859
45,’
181
27,547
7,3§5
5,878
157,145
653
157,798
74,808
47,094
35,264
8,541
9,762
153.763
345
154,10B
M
1^056
8,296
1,208
4,092
-3,758
.-314
-4,072
-
72.786
-
"
-172
3 19?T*
19,909
34,225
47,348
31,793
8,311
9,710
151,296
2^,367
46,70Q
42,731
26,580
7,792
5,522
157,701
611
158,312
4,508
44r
63,548r
-269
-2,956
18,204
-13,408r
-4,ol6r
3,608r
8,583r
66,670
-3,250r
26,377
43,004
44,466
21,384
6,933
5,947
148,111
518
Foreign exchange contracts 20/
Sold
Bought
W
22,459
1,943
"
:io;'iS3.....
-11,811
4,363
8,648
749
4,240
-3^938 -266
-4,2U4
79,483
79,483
6,96'5
18,316
20,619
16,196
9,132
1,694
72,862
72,862
-
69,171
20,881
15,789
9,391
1,459
75,950
75,950
6;'651
17,046
19,308
15,292
9,733
1,204
69,214
69,214
2,745
-
3,615
$
1,578
1,156
-529
484
3,533
3,533
1,270
1,311
904
-601
490
3,b4b'
3,648
-128r
A 771
t J.
1J. ,017
«\ Q
4,668
-6,763
-11 172
2*131
9,877
1,129
4,627
-171
-237
-408
-11,520
-5 797
1*087
10,705
1,093
4,565
133
-280
“147
...
2,634
9,452
679
4,576
-225
-314
-539
_9}Aft9
-10,541
5,674
9,588
148
4,730
-290
-266
S
4
bs
-556
is?
I-
June 1978
133
.FOREIGN CURRENCY POSITIONS
Footnotes
SECTION I
1/
Worldwide net positions on the last business day of the
calendar quarter of nonbanking business concerns in the
United States and their foreign branches and majorityowned partnerships and subsidiaries.
Excludes
receivables and installment paper which have been sold
or discounted before maturity, U.S. parent companies*
investment in their majority-owned foreign subsidiaries,
fixed assets (plant and equipment) and capitalized
leases for plant and equipment.
2/
Foreign branches and majority-owned partnerships and
subsidiaries only.
3/
Weekly worldwide net positions of banks and banking
institutions in the United States, and their foreign
branches and majority-owned foreign subsidiaries.
Excludes capital assets and liabilities.
4/
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net positions including capital assets
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
6/
Foreign branches and majority-owned subsidiaries only.
SECTIONS II THROUGH X
1/
2/
2/
4/
5/
Positions of nonbanking business concerns in the United
States and their foreign branches and majority-owned
partnerships and subsidiaries. In section X, positions
of foreign branches and majority-owned partnerships and
subsidiaries only.
6/
All current assets other than liquid assets and short
term trade receivables, and financial assets maturing in
more than one year from the report date.
Includes
intracompany accounts, inventories, prepayments, long
term trade receivables, long-term intracompany claims,
and stocks, t»nds, and other securities. Fixed assets
(plant and equipment) and parents' investment in
majority-owned foreign subsidiaries are excluded.
7/
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay
ables; intracompany liabilities, accrued expenses, and
liabilities maturing in more than one year from the
report date. Capitalized plant and equipment leases are
excluded.
8/
Outstanding amounts of foreign exchange which have been
contracted to be received or delivered in the future.
Excludes spot exchange.
9/
Columns (1),(3),(5), and (7) less oolunms (2),(4),(6),
and (8).
10/ Representative rates on the report date.
Canadian
dollar and tfaited Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
foreign units per U.S. dollar.
11/ Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
In section X, foreign branches and majority-owned sub
sidiaries only.
12/ Excludes capital assets and liabilities.
13/
Includes both spot and forward exchange contraots.
14/ Sum of columns (3) and (8).
Includes unsettled spot foreign exchange purchase con
tracts, as well as currency, demand and time
deposits, negotiable and other readily transferable
financial instruments maturing in one year or less from
the report date, and intracOmpany claims and loans to
other parties repayable on demand.
Other loans,
17/ See footnote 10.
accounts receivable, and unaccepted trade drafts are
excluded.
18/ See footnote 11.
Includes unsettled spot foreign exchange sales
contracts, intracompany Labflitaes, other than short-term
trade payables, short-term borrowings due in one year or
less from the report date, and the current portion of
long-term debt.
Other loans, accrued expenses and
accounts payable are excluded.
Due in one year or less; includes intracompany trade
receivables. Receivables and installment paper sold or
discounted before maturity are excluded.
Due in one year or less; includes intracompany trade
payables.
15/ Sum of columns (4) and (9).
16/ Sum of columns (5) and (10).
19/ Fixed-rate loans are reported by time remaining to final
maturity or the nearest call date, whichever is earlier,
and floating-rate loans by tune remaining to the nearest
interest-fixing date.
20/ Option forward exchange contraots are reported by time
remaining to the nearest option exercise date.
21/ Sum of columns (3) and (6).
r Revised.
n.a. Not available.
Treasury Bulletin
134
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II - Federal Credit Programs
Table GA-II-1 . - Direct Sales and Repurchases of Loans
(In millions of dollars)
Export-Import
Bank of the
United States
Total
Fiscal year
or month
Sales
1976............
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
2,759
7,895
1977-Apr........
May........
June.......
76
501
856
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
1978-Jan........
Feb........
992
1,113
150
680
1
824
Apr........
2,210
1*074
506
1,124
Housing and Urban Development Department
Farmers Home
Administration
Sales
Repur
chases
422
379
406
269
248
145
21
21
160
-
261
4
187
20
3
2
104
-
959
1,668
2,005
2,430
3,324
2,172
6,415
4,247
1,070
2,121
-
-
5,445
436
28
44
54
70
734
165
99
363
1,324
40
308
37
_
-
Repur
chases
428
842
305
781
330
1,141
1,559
1,281
_
_
-
_
-
-
_
_
-
Sales
2
501
651
752
816
150
680
1
800
2,086
785
506
1,072
Repur
chases
405
569
287
574
284
1,105
1,524
1,148
414
2,083
433
24
40
51
67
734
160
95
360
1,320
36
303
33
1/ Includes college housing, elderly housing, and public facility loans.
*
Less than $500,000.
Government
National Mortgage
Association
Sales
_
-
Repur
chases
Office of Secretary
1/
Sales
_
Repur
chases
*
38
244
368
488
209
163
294
96
17
12
12
19
25
30
32
29
6
333
36
3
4
3
3
3
-
-
_
-
-
-
-
-
_
_
_
_
_
-
_
_
75
-
*
_
_
_
_
_
-
_
*
13
93
40
_
-
2,118
_
_
_
-
24
-
»
-
90
220
-
-
_
Sales
6
*
2
1
3
3
*
1
2,300
1,501
1,232
6,963
1,592
_
_
Repur
chases
*
_
30
-
_
_
Sales
Veterans
Administration
_
-
192
148
258
Repur
chases
Small Business
Administration
_
_
-
-
_
1
-
-
_
_
-
-
I
_
_
4
4
3
4
%
3
52
5
4
135
June 1978
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2 . - Direct and Guaranteed Loans Outstanding March 31, 1978
(In thousands of dollars)
Direct loans or credit
Agency and program
I-Wholly owned Government enterprises
United States dollar l o a m
Funds appropriated to the President.
Appalachian regional development programs*
Appalachian housing program.....................
Expansion of Defense Production:
Treasury Department............................
Foreign assistance:
International security assistance:
Emergency security assistance for Israel......
Foreign military credit sales.................
Liquidation of foreign military sale', fund:
Long-term credits..........................
Military credit sales to Israel...............
Intemational development assistance:
Bilateral assistance:
Agency for International Development:
Alliance for Progress, development loans...
Common defense, economic, and triangular
trade loans..............................
Development loan fund liquidation account..
Development loans.........................
Housing guaranty fund.....................
Grants and other programs.................
Total Agency for International Development.
Overseas Private Investment Corporation.....
Total funds appropriated to the President.......
Agriculture Department:
Commodity Credit Corporation:
Comodity loans.................................
Long-term dollar credit sales...................
Short-term export sales credits.................
Storage facility and equipment loans............
Investments acquired in settlement of claims....
Total Commodity Credit Corporation..............
Amount
outstanding
authority 3.j
Guarantee and insurance
Amount
outstanding
Maximum
authority
Government
f e e or premium
681
681
58
58
-
-
614,397
856,554
614,397
856,554
3,612,600
3,612,600
7,757
360,000
7,757
360,000
3,311,700
3,376,744
23,084 1/
111,365
7,240,318
23,084
111,365
8,452,272
2,101,997
4,365,642
12,788,464
20,030
50,000
14,647,941
5,827,902
5,460,767
1,547,859
548,540
8,332
13,393,400
Consumer Protection and Services:
Agricultural Marketing Service:
Milk market orders assessment fund.
145
Farmers Home Administration.
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise...........................
387,398
Nonfarm enterprise.........................
4,848
Operating loans.............................
213,877
Guaranteed operating loans...................
Recreation loans............................
1,088
Soil and water conservation loans............
21,560
Emergency loans.............................
837,670
Guaranteed emergency loans...................
Guaranteed emergency livestock loans.........
Emergency loans refinanced...................
537
Indian land acquisition loans................
6,426
Grazing, recreation, irrigation, and forestry
loans......................................
15,017
Watershed works of improvement and flood
prevention loans...........................
6,997
Resources conservation and development loans..
1,610
Programs in liquidation......................
215
Total agricultural credit insurance fund.....
1,497,243 u /
Rural development insurance fund:
Water and waste disposal loans to associations
224,774
Community facilities loans to associations....
75,523
Business and industrial development loans....
11,200
Guaranteed business and industrial devel. loans
Total rural development insurance fund...,
311,497
Footnotes at end of section
May tmnin
Interest
range
(Percent) 2J
0— 8-1/2 ST
-
3
1/4%
_
_
_
-
-
-
_
-
_
_
_
653,182
653,182
809,982
-
_
1/2— 2%
-
133,849
4,399,631
780,126
l/2— 2-3/4%
-
-
5,827,902)
5,460,767
1,547,859)6/
548,5401
8,332
-
J
-
3— 5
-
-
-
-
-
y
0— 6
3— 6-1/8
Maturity
range
(Years) 2/
1/2 to indefinite
20
20
Up to 10 ST
3— 10 ST
25-ST
3/4— 6
8— 40
3/4— 6
3/4— 6
3/4— ,6
5— 9-1/4
1— 6
8——40
5— 40
5— 40
15— 30
2-1/2-45
3— 12
Various
Do
Do
Do
1
Various
Do
5
6.125— 9.3
Various
■
■
. ..
145
-
3,602,436
387,39§|
4,848
39,943
213,877
1,047,632
- 2/
28,153
1,088 ,
9,041
21,560 I
123,687
837,670 11/ 2,476,705
60,164
537,734
537
3,456
6,426
43,032
15,017
6,997 17/
1,610
215
224,774
75,523
11,200
-
167,698
62.560
15,003
708
8,217,952 I t J
2,573,499
354,676
25,820
568,325
3,522,320
3,602,436^
39,943 )
1,047,632J
28,153
9,041^
123,687 )
2,476,705J
60,164
537,734
3,45^
43,032 |
8/
8/
-
-
167,698 I
$/
62,560 I
15,003J
708
-
2,573,499
354,676
25,820
568,325
5
5
8 2/
8 2/
5
5
5— 8
5— 8
12/
5— 8
5
0— 40
0— 40
7 10/
7 10/
0— 40
0— 40
0— 40
0— 40
0— 40
0— 40
0— 40
0—40
0—30
8/
_
-
5
5
9.50
Various
0—40
0—40
O —40
0—40
12/
136
Treasury Bulletin
____ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1978—Continued
(In thousand of dollars)
Direct loans or credit
Agency and program
Amount
Maximum
outstanding authority 1/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Agriculture Department-Continued
Farmers Home Adifiinistration-Continued
Rural housing insurance fund:
Rural rental and cooperative housing...........
Self-help housing land development fund:
Self-help housing land development loans.......
Soil Conservation Service:
Water conservation and utilization projects......
Commerce Department:
Economic Development Administration:
Tnang to aid industry............ ...... ...... .
Total Economic Development Administration........
Promotion of Industry and Commerce:
Trade adjustment assistance......................
Maritime Administration:
Ship sales (purchase money m o r t g a g e s ......
Federal ship mortgage insurance fund:
Direct loans............ ........... ......... .
Guaranteed loans............ .......... ..... .
Total Maritime Administration.......... ....... .
Science and Technology:
National Oceanic and Atmospheric Administration:
Federal ship financing fund, fishing vessels.....
Fisheries loan fund............ .................
Total National Oceanic and Atmospheric
Total Commerce Department...... ......... .
Defense Department:
Military: Defense production guarantees:
Array................. ....... ............. .
Navy......... .............................. .
Total defense production guarantees..............
Civil*
Ryukyu Islands, construction of power systems....
Total Defense Department............................
Energy Department:
Energy Research and Development Administration:
Long-term receivables...................... .
Health, Education, and Welfare Department:
Health Services Administration:
Health maintenance organization loan
guarantee and loan fund..........................
Health resources Administration:
Medical facilities guarantee and loan fund......
Health teaching facilities construction:
Guaranteed loans............................
Community facilities...........................
Construction of hospitals and other
medical facilities..........................
433,624
4,596
458,324
1,787
14,720
913,051
12,320,912
433,624)
4,59d
276,523
729,356
458,324)17/
2,821
1,787[
14,7201
24,313
13,353,925
1,197
2,722,988
1,197
383
1,005
1,388
L6,117,921
383
1,005
352,998
230,895
352,998
230,895
"37 /■?£>
37 436
15
-L? //IL
15 v p
52,877
595
20 000
li/ W
12/16/
&
8/
1 ST
_
_
3 ST
_
-
-
0— 33
0- 3 3
12/
2 ST
0— 33 ST
2 ST
-
0— 50 ST
150,043
206,884
1/2$ ST
V - 8-1/8
3-3/8--8-1/4
Up to 25 ST
Up to 40 St
6— 7
12— 20
3-1/2 ST
20— 25
5,144,122
5 144 122
7,000,000
22/
l/4— l
1/4— 1
34,167
50,000
3/4#
6— 9.2
3_$
25 ST
25 ST
20
3— 10
34,167
1,732
A*5Q <Vl7
/
2 359
2,363
10-1/2— 13-1/2
6
-
7,570
9,933
7,570
44,060
71
IJ-,QA1
7UX
27,149
9 7 1 AO
22,144
8/
&/
150,043
21,115
Jr
H
12,320,912
276,523
729,356
2.821
24,313 21/
Maturity
range
(Years) 2/
25,094,197
21,115
£
_
Interest
range
Maximum
Government
authority 2/ fee or premium (Percent) 2/
25,094,197
583,893
595
1 137
Guarantees and insurance
Amount
outstanding
28,147 22/
-
T1 J.AA
1 ,354,631
7"? 7 A#
127
251
48,592
49,700
_
-
n.a.
n.a.
4— 7-1/2
20
T1 //ft
7.25— 9.21
20
1,721,853 22//
6.695— 10.585
25
8.35— 10
2-1/3— 2-3/4
30
30
2-1/2— 5-1/4
39— 50
"74,899
137
June 1978
____ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS_____
Section II-Federal Credit Programs
Table GA-II-2, - Direct and Guaranteed Loans Outstanding March 31, 1978—Continued
(In thousands oi dollars)
Direct loans or credit
Guarantees and instirance
Agency and program
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans - Continued
Health, Education, Welfare Department - Continued
Health Resources Administration - Continued
Health professions education fund...........
Nurses training fund.........................
Other student loan programs......... .
Total Health Resources Administration............
Office of Education
Student loan insurance fund.............
Higher education facilities loans and insurance
fund............................
Elementary and secondary education.............
Higher educational loans to institutions.......
Advances for reserve funds..............
Federal capital contributions..................
Total Office of Education......................
Assistance to refugees in the U.S.........
Total Health, Education, and Welfare Department...
Housing and Urban Development Department*
Housing programs*
Federal Housing Administration:
Revolving fund: 30/
Property improvement loans.................
Purchase money mortgages.*.................
Mortgage insurance loans...................
Total Federal Housing Administration
revoling fund............................
21,282
7,371
481,086
682,369
28,114
91,734
417,728
2,749,742
New commumities guarantee fund....................
Total Housing and Urban Development Department.......
Interior Department:
Public land management:
Bureau of Indian Affairs:
Liquidation of Hoonah Housing Project........
Revolving fund for loans:
Cooperative associations.....................
Corporations and tribes.......................
Credit associations.....................
Expert assistance........ .................
Individual Indians..........................
Total revolving fund for loans................
Loan guaranty and Insurance fund 38/............
Territorial Affairs: 28/
Public works.....................## .
Rehabilitation in Guam.....................
Guam Power Authority.........................
.
Virgin Islands - Construction...... .
Total Territorial Affairs.... ............ .
Mineral resources:
Geological Survey:
Surveys^ investigations,and research..........
Footnotes at end of section.
_
Interest
range
(Percent) 2J
5— 6-3/4
5— 7-1/4
_
Maturity
range
(Years) 2/
20
20
3— 5-1/2
5— 15
Various
Various
1,428,379
A To*? UUU
nnn
682,569
t»o'?
nnn
tO *J
n7j j\
J\J\J
1/4% St 2lJ
3— 33/4
5-7/8—8
6-7/8—8
3— 40
Up to 10
Up to 15
25/
3 ST 12— 15 ST 27/
_
_
-
-
-
-
599,993
.33— 1%
It 89,640,699
0— 1J6
9.41— 12.00 ST
4.00— 9.50 ST
3.00— 9-50 ST
-
-
2.75— 3.75 ST
14,383,789
_
-
-
28,114 28/
3 ST Up to 15 22/
7,652,827
91,734
417,728
2,749,742
599,993 2L1
89,640,699
0— 15 ST
0— 40 ST
0— 40 ST
1
90,240,692 32/
3,259,204
59,979
Total Government National Mortgage Association.....
Community planning and development:
Rehabilitation loan fund...................
Urban renewal fund:
Direct loans and planning grants........... .
Guaranteed loans..........................
_
5,017,282
Total low -rent public housing...............
Total housing programs......................
7,371
4 4 % 681
779,250
41,420
435
10,470
25,520
30.000
19,711
3,222,551 26 /3.188.3Z.8 26/
4,381,417
1I 6 ,193,000
3,011,134
1,565
Government National Mortgage Association..
Special assistance functions........ .......
Management and liquidating functions........
Emergency mortgage purchase assistance............
Guarantees of mortage - backed
securities fund.....................
Maximum
Government
authority 2/ fee or premium
21,282
481,086
580,602
College housing loans.........................
Nonprofit sponsor assistance................
Low - rent public housing:
Loans to States, territories, etc........ . .
Purchase money mortgages...............
Community disposal operations fund......... .
Revolving fund, liquidating programs...........
Maximum
Amount
authority 1/ outstanding
59,441
538
2,586 2AJ
522,245
5,011,000 2 * /
1,565
59,441
538
7,970
7,970
3,177,166
-
336,086
390,000
70,428
70,428
164,665
164,665
10,605,058
113
1,098
1 098
48 968
5-I/4— 7-1/2
-
W
-
36/
7-1/2— 8-1/2 XLf
:
36/
3 ST
999,685
999,685
229,000
740,500
Variable
Variable
22/
-
-
-
3^264
3,693
5,388
60,411
35 608
36,137
2,925
-
10—30
&
26/
25— 30
%/
3—20
Variable 10/
Variable
7— 7-3/4
20
3
25
3— 5-1/2
0— 5-1/2
2_5
5-1/2
0— 5-1/2
0— 30
0— 30
0— 30
105,853,166
48 968
*520
35 608
Demand— 40
4— 36 ST
104,624,481
2,616,013 21i/7,750,186
215,179 211/ 215,179
12,750,000
338,004
3^264
1,693
5,388
1/2
2-1/2— 8-3/4
, 3— 5-1/2
14,383,789
2,586
522,245
6,856,713
113
14,383,789
30— 50
-
-
55,353
200 000
0— 25
£
7
•36 000
22 000
7-1/8
7-1/8
36 000
61 000
/
H
/
H
58,000
2,925
_
_
-
5-3/4— 10-1/4
0— 11
138
Treasury Bulletin
_
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _
Section II-Federal Credit Programs
Table GA-II-2 . - Direct and Guaranteed Loans Outstanding March 31, 1978—Continued
(In thousand of dollars)
Direct loans or credit
Agency and program
Guarantees and insurance
Mayiimim
Amount
Amount
outstanding authority 1/ outstanding
Maximum
Government
authority 2/ fee or premium
Maturity
Intere st
range
range
(Years) 2/
(Percent) 2/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Interior Department - Continued
Water and power resources:
Bureau of Reclamaton: 30/
Irrigation distribution systems........ .
Total Bureau of Reclamation.....................
Total Interior Department...........................
Justice Department: 38/
Law Enforcement Assistance Administration:
Loans to law enforcement students.................
State Department:
Emergencies in the diplomatic and consular service...
Loan to the United Nations headquarters.......... .
"5,420
1*52,134
75,420
152,134
_
153,597
153,597
2,624
7,000
32,607
2,624
7,000
32,607
3-1/2— 7
_
Total Transporation Department........................
_
25,995
54,912
25,995
54,912
946,724
3 ,400,000
63,273
125,000
_
997,000
997,000
1/4%
-_
1/4%
1/4%
7/8%
57,183
-
2—10
34 ST
2
1% above
Prime rate
I
10 ST
3 ST
3 ST
2— 10 ST
1_20 ST
e J T
7.8— 8.1
M/
15 ST
3-5/8— 8-1/2
1— 30 ST
7.30— 8.35
40
2,196,072
401,176
1,635
4
375
6
8
12,355
551
2
84
_
_
114,000
1,349,499
2,483,569
_
3— 3-1/2
0— 3
-
-
0 — 2-3/8
0—2
_
862,092
_
_
5— 6-1/2
4-1/4— 10-1/4
4.74— 8.20
61
30
56
55
-
2,693
48,400
_
862,092
0,-1 2
0— 30
7— 27
862,092
51,093
515,886
44,084
950,739
5,698,059
128,791
352,146
6,052
331,015
35,512,237
£2/
£2/
£2/
l£ j
418,038 l£/
427
35,512,237
~
_
_
”
”
_
_
4— 9-1/2 ST
8 ST
nI_—— jri OC5>J.p
Indefinite
3— 9-1/2 ST
3— 9-1/2 ST
4— 5
4— 5
4_5
4— 5
4— 5
4_5
7— 30 ST
7— 30 ST
Indefinite
Do
Do
Do
Do
Do
35.512.237 46/
2,677,569
Independent agencies:
Community Service Administration:
Community Services Administration loan fund:
Loans to individuals.............. ..............
Loans to cooperative associations................
6,222
6,222
7,483
7,483
Total Community Services Administration..........
13,705
Footnotes at end of section.
690,000
_
Veterans Administration:
Direct loans to veterans and reserves..... .........
515,187
Education loans............... ................. .
44,084
Loan guaranty revolving fund:
Acquired mortgages.......... .................. .
950,739
Guaranteed mortgages.............. ....... .......
National service life insurance fund
1,006,599
Service-disabled life insurance fund................
28.813
U.S. Government life insurance fund..................
49,545
Veterans insurance and indemnitites.................
1,207
Veterans reopened insurance fund.......... .
28.813
Veterans special life insurance fund..... ..........
52,155
427
Vocational rehabilitation revolving fund...... .....
Total Vererans Administration....... .......... .
189,075
300,000
2,693
48,400
22— 50
22— 50
_
1,059
212,153
Treasury Department:
1,635
RFC loans to railroad in liquidation....... ........
RFC loans to foreign banking institutions in
375
liquidation................... ................... .
Miscellaneous loans and other credits:
12,355
Greece - World War I.............................
Hungary............................ ..............
551
Turkey...........................................
114,000
Lend-lease and surplus property....... ...... .
1,349,499
Loan to the United Kingdom.......................... 2,483,569
Total Treasury Department........................... 3,961,984
General Services Adimistration:
General activities:
Liquidation of Virgin Islands Corporation.........
Surplus property credit sales.....................
Federal buildings fund............................
Total General Services Administration...... ........
_
530
101,512
171,031
47,196
3— 4-1/8 Q j
113,353
Transportation Department:
Federal Aviation Administration:
Aircraft loans:
Guaranteed loans....... ..... ..................
Federal Railroad Administration:
Loans to railroads........ ................... .....
Railroad loans acquired by default..................
Trustee certificates of railroads......... .........
Urban Mass Transportation Administration:
Urban mass transportation fund......................
Washington Metropolitan Area Transit
Authority bonds................... ......... ......
_
_
227,554
327,140
42,231
Federal Highway Administration:
Territorial Highways................................
Federal-aid highway and safety construction..........
Right-of-way revolving fund.........................
_
4-1/8
4-1/8
15 £7/
30 42/
139
June 1978
_
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS___
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1978—Continued
(In thousands of dollars)
Direct loans or credit
Guarantees and insurance
Agency and program
I-Wholly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
Loans for capital outlay: 48/ 49/..........
Advances to Stadium sinking fund, Armory
Board 48/................................
Repayable advances to the D.C. general fund.
Total District of Columbia.................
Export-Import Bank of the United States:
Equipment and service loans............. .
Commodity loans...........................
Emergency loans...........................
Discount loans............................
Export-Import medium term guarantees.......
Certificates of loan participation...... .
Insurance issued through the Foreign Credit
Insurance Association:
Medium term insurance...... .............
Short term insurance.....................
Total Export-Import Bank of the United States..
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation:
Loans to insured institutions...............
Loans acquired from insured institutions....
Revolving fund...............................
Total Federal Home Loan Bank Board.
Interstate Commerce Commission:
Railroad loans purchased..................
Railroad loans guaranteed.................
Total Interstate Commerce Commission......
National Credit Union Administration:
National credit union share insurance fund.
Small Business Administration:
Business loan and investment fund:
Financial assistance program:
Business loans.......................
Economic opportunity loans............
Handicapped loans.....................
Local development company loans.......
State development company loans.......
Trade adjustment assistance loans.....
Investment company assistance program:
Loans and debentures purchased........
Total business loan and investment fund..
Disaster loan fund:
Financial assistance program:
Disaster loans.............
Total Small Business Administration..
United States Railway Association:
Direct loans....................
Subtotal.......................................
Held by lending institutions not guaranteed or
insured by the Federal Government........ .
Total budget Federal agencies...................
Amount
outstanding
Amount
Maximum
authority 1/ outstanding
Maximum
Government
authority 2/ fee or premium
2-5/8— 8-3/8
1,281,583
1,247
6,000
1,288,830
1,247
6,000
5-3/8— 7 ST
11,221,533
12,806
92,283
81,234
14,809,428
87.283
92.283
868,846
2-3/8— 9-1/2
5-3/20— 9
3— 7-7/8
Various
11,407,856
2,645,317
34,113
5,439,273
41,638 52/
294,347
1,480,370
4,454,147
784,457
3,180,701
50/
1/2%
104,522
27,750
27,750
3/87.
2— 40
2— 3
6— 22
1/2— 5
1/4— 12
3— 8
6— 8-172
1/2— 5
Up to 180 days
53/
54/
10,196
38,024
4,000,000
10,196
38,024
Maturity
range
(Years) 3/
range
(Percent) 3/
5— 6-1/2
4-3/4— 8-1/2
7-7/8— 8-3/8
Demand— 11
1— 30
30
4-1/2— 9-1/2
4-1/2— 9-1/2
1— 25
1— 25
104,522
5,286
965,309
232,508
26,378
212,820
10,890
1,440
1,657,401
4,954,029
94,402
2,292
172,801
1/4%
1/4%
5,690,340
1/4%
2,642,240
4,299,641
2,642,240
364,647
395,000
10,144
5,700,484
56/
ST
ST
ST
ST
ST
15 ST
55/
466,816
5,690,340
208,056
1,657,401
10
15
15
25
20
25
6-5/8 ST
55/
3
6-5/8
8
7-1/4— 7-7/8 ST
6-5/8 ST
7-3/4— 9-1/8
72,244,023
L97,199,574
72,244,023
42,513,808 57,
239,713,382 58,
Off-budget Federal agencies 59/
Federal Financing Bank.........................
Rural Electrification Administration:
Rural electrification and telephone revolving
fund:
Electric systems...........................
Appliances and equipment...................
Telephone systems..........................
Rural Telephone Bank: 62/
Telephone systems........... ..............
Total Rural Electrification Administration....
Housing and Urban Development Department:
Housing production and mortgage credit:
Housing for the elderly or handicapped.....
29,175,867 60/ 29,175,867
Total off-budget Federal agencies.
39 s,733,,381
Total Part I.....................
.111,977,404
Footnotes at end of section.
7,503,740
318
1,939,765
)
5.131— 9.333
12,602,492
3,011,293
9,845,022
3,299,868
112,612
393,873
541,448
9,,985,,271
541,448
572,,243
2,911,007
2— 5
2— 5 61/
63/
3,123,905
6-7/8— 7-3/8
242,837,287
Up to 30 years
35 ST
35 ST
35— 50 ST
140
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _ _ _ _ _ _ _ _ _ _ _
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1978—Continued
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
Amount
outstanding
II-Wholly owned Covernment enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance
Bilateral assistance*
Agency for International Development*
304,751
Development loan fund liquidation account....
77,947
Private enterprises 64/..................... ,
Common defense, and triangular trade loans.... 1,117,404
Community credit guaranty loans 65/....... .
_
Productive credit guaranty loans,............
502,013
All other l o a n s . ...................
Total funds appropriated to the President........ 2,002,115
Maximum
Amount
authority 1/ outstanding
304,751
77,947
1,121,272
Treasury Department*
Lend-Lease and surplus property......... ..........
17,886
17,886
Other independent agency:
United States Information Agency,..................
1,082
1,082
2,021,083
Total Part II.......................................
III-Privately owned Government-sponsored enterprises
Farm Credit System:
Banks for cooperatives:
6,799,743
Cooperative associations.................... .
Federal intermediate credit banks:
Production credit associations................... 13,587,684
Federal land banks:
Mortgage loans.......... .................. ..... 22,926,986
Total Farm Credit System.... ............ ....... .
Federal Home Loan Bank Board:
Federal home loan banks:
Advances to member banks...... ..................
Federal Home Loan Mortgage Corporation:
Mortgage loans...... .......... .............. .
Total Federal Home Loan Bank Board............. .
................
1,075
7,500
_
1/2%
1/4%
1—
4—
3/4—
8—
8—
1/2—
5-3/4
12
7-1/8
16
16
6-1/2
0— 2-3/8
_
_
_
_
Maturity
ranee
(Years) 2/
5—
1-1/2—
4—
0—
0—
2—
40
58-1/2
41
7
7
42
At request of
the U.S.
10— 30
217
6,799,743
6-1/2— 9
13,587,684
6.60— 7.55
22,926,986
7-3/4— 9
7-1/2— 9-1/2
21.277.957 66/ 21.277.957 6 TJ
3.121.337 68/
-
24,399,294
318,225
6-7/8— 10-3/8
3.121.337
1— 20
1— 7
5— 40
318,225
270,537
Up to 10
27
-
34,832,000
Total Part III.................. .................... 102,863,932
................... .
217
Interest
range
(Percent) 2/
43,314,413
Federal National Mortgage Association................ 34,832,000
Student Loan Markering Association.......... .
217
_
502,013
Maximum
Government
authority %/ fee or premium
270,537
4-1/2— 10
20— 40
6.7— 9.25
Up to 15
270,537
1 ..... ..
Source*
Bureau of Government Financial Operations. Based on quarterly
reports received from agencies prusuant to Treasury Circular No. 966,
Revised.
1/ If the maximum authority is indefinite an amount equal to the loans
outstanding is shown in this column. Certain amounts have been noted
to indicate factors affecting the indefinite amounts. Authority for
credit sales of realty and loans in liquidation is stated in amounts
equal to the amounts outstanding.
£/ If the maximum is indefinite an amount equal to the gurantees and
insurance outstanding is shown in this column. Certain amounts have
been noted to indicate factors affecting the indefinite authority.
2/ Figures shown in this column are applicable to both direct loans or
credit outstanding, and guarantees and insurance outstanding if
amounts are shown under both headings; otherwise they are applicable
to the amounts under the heading shown.
l j Administrative- rates are from 3% to 7-7/8% on direct loans; various
rates on guaranteed loans. No statutory provisions.
2/ Represents loans made in foreign currency, repayable in U.S. dollars.
6/ Statutory limit for public debt borrowings is $14,500,000 thousand,
of which $10,230 thousand was in use as of March 31, 1978.
2/ Loans made and not disposed of shall not exceed $500,000 thosand at
any time.^ There is no limit on loans acquired.
8/ Administrative- differences, if any, between interest rate to bor
rower and interest rate to lender* statutory- borrower shall pay
such fees and other charges as the Secretary may require.
2/ Statutory- determined by the Secretary of the Treasury taking into
consideration the current avarage market yield on U.S. marketable
obligations outstanding with remaining periods of maturity comparable
to average maturities of the loans.
10/ Administrative - not to exceed 7 years; however, last installment
may be refinanced for 5 years; statutory - may not exceed 7 years,
but may be renewed for not more than 5 years.
11/ There is no limit on emergency loans that may be made.
12/ Rate negotiated bexween lender and borrowers. The rate shall be
legal and reasonable.
13/ Adiministrative - may not exceed shortest of following: ( 1) local
statutory limitations, (2) 50 years from date principal benefits
from works of improvement become available, or (3) useful life of
improvement. Statutory not to exceed 50 years from date principal
of works of improvement become available.
14/ Authority for labor housing and rural rental housing direct and
guaranteed loans was transferred yto the rural housing insurance fund
by an act approved August 10, 1965 (42 U.S.C. 1487).
15/ Administrative-direct* loans for natural disasters,interest is
determined monthly. Rate of 8% on loans not to exceed $1,000 to
low and moderate income families pursuant to Section 505 of the
Housing act of 1949, as amended. Rate for Section 504 loans is 1%
Guaranteed: loans to low or moderate income borrowers, 8%; above
moderate income borrowers, 8.5% plus. 5% insurance charge.
16/ Statutory-direct and guaranteed loans to low and moderate income
borrowers: determined annually by the Secretary of the Treasury,
considering current avarage market yield on U.S. marketable oblig
ations outstanding of comparable maturities, adjusted to mearest 1/8
of 1%, less not to exceed differences between adjusted rate and
1% per annum. Guaranteed loans to above moderate income borrower:
as determined by the Secretary at rates comparable to combined rates
of interest and premium charges in effect under Title 12, Section
1709.
17/ Maximum authorization for direct rural housing loans is $30,000
thousand.
18/ Administrative- direct 3%; guaranteed, 8% Statutory - rate
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable oblig
ations for comparable maturities adjusted to nearest 1/8 of 1%, less
not to exceed difference between adjusted rate determined by the
Secretary and 1% per annum.
19/ Administrative - direct, not to exceed 50 years: guaranteed, not to
exceed 40 years except for loans to provide housing for Senior
citizens only will not exceed 50 years. Statutory - as determined
by the Secretary.
June 1978
141
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Footnotes to Table GA-H-2.—Continued
20/ Administrative: direct 3$, guaranteed 8$. Statutory rate is
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable obliga
tions for comparable maturities adjusted to nearest 1/8 of 1$.
Maximum authorization shall not exceed $25,000 thousand each fiscal
year.
Determined by the Secretary of Commerce.
Maximum authorization for direct and guaranteed loans amounts to
$1,750,000 thousand which has been prorated between the direct loans
and the guaranteed loans.
Represents premium on insured loans; there is no premium on guaranteed
loans.
Advances shall be paid Within such period as the Commissioner may
deem appropriate in each case, depending on the maturity and
solvency of the reserve fund.
Represents loans to students in institutions of higher education.
After June 30, 1980, and not later than December 31, 1980, there
shall be a capital distribution of the student loan fund and not
less than quarterly thereafter.
Loan allocations are made when needed as determined by surveys of
institutions.
Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning nine months after student leaves school.
As of September 30, 1977, the latest available.
Represents estimated insurance on loans outstanding and loan reports
in process of $3,417,029 thousand.
Includes interagency holdings by the community disposal operations
fund and the Government National Mortgage Association, and loans
held hy the Federal Home Loan Mortgage Corporation and the Federal
National Mortgage Association (see footnote 68 in Part III of 'this
table).
Represents maximum authority to borx’
ow from the Secretary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans of $2,096 thousand insured by the Federal Housing
Administration.
Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
Determined by the Federal Housing Administration and the Veterans
administrat ion.
Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings.
As of December 31, 1977, the latest available.
Statutory - application fee, $10 thousand; commitment fee, 0.5$ of
principal up to $30,000 thousand and 0.1$ over $30,000 thousand.
Guarantee charges, 3$ of principal amount guaranteed. Annual charge,
0.5$ of outstanding amount guaranteed for first seven years, 1% of
outstanding amount guaranteed after seven years.
Loans may be paid off at any time by application of proceeds from
sales of land or capital grants or by refinancing.
As provided by an act approved August 6, 1956 (70 Stat. 1046), loan
allocations to irrigation land holdings not in excess of 160 acres
are interest free. Allocation to nonirrigation uses and irrigation
land holdings in excess of 160 acres bear interest based on the aver
age rate on certain outstanding U.S. marketable obligations.
The guaranteed loan rates are 5-9$, and Federal funds rate plus
3/8$. Direct loan rate is 5-1/2$.
Default of guaranteed loans.
Payment depends on liquidation of Penn Central State.
These figures are stated on an estimated basis.
Includes interagency holdings by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 68 in Part III of this table).
Administrative - minimum period consistent with applicant’
s ability
to repay, not to exceed maximum maturity set by statute of 15 years
for loans to individuals and 30 years for loans to associations.
Statutory - rate of interest on loans to the District of Columbia
shall be fixed by the Secretary of the Treasury at the beginning of
the 6-month period in which the loans are made. Current rates
range from 2-5/8$ to 8-3/8$.
Represents balances from the Water, Highway, General, Sanitary
Sewage and Metro Area Sanitary Sewage Works funds pursuant to
Public'Law 94-333 dated June 30, 1976.
Shipment coverage rates as of Mareh 31, 1978, were $0.13 to $5.88
on each $100 of financed portion (contract price minus cash payment).
Guaranteed interest rate will be 1$ above the Department of the
Treasury borrowing rate for comparable maturities and will be fixed
at time of authorization.
Includes guaranteed interest of $1,365 thousand.
Shipment coverage rates as of March 31, 1978, were $0.53 to $6.62
on each $100 of financed portion (contract price minus cash payment).
Shipment coverage rates as of March 31, 1978 were $0.12 to $2.14
on each $100 of gross invoice value.
55/ Statutory formulas set minimum rates based on yields of U.S. Govern
ment obligations of comparable maturity. Accordingly, rates charged
may exceed minimum and may vary from month to month. For March
31, 1978, 7-1/2$ for E0L and 8.135$, for SBIC debenture purchases.
56/ No limitation has been placed on amount of direct or guaranteed
loans that may be outstanding at any one time.
57/ This figure represents the amount of participation by private enti
ties in partially guaranteed U.S. credit programs. This private
participation in the guaranteed loan programs of the various agencies
is as follows:
Amount
Agency
(In thousands
Funds appropriated to the President:
of dollars)
44,616
Overseas Private Investment Corporation..............
Agriculture Department:
Agricultural credit insurance fund:
Farm ownership loans*
261
Farm enterprise......... .......... ...............
Non-farm enterprise.......................... .
3
Guaranteed emergency loans........ ......... ........
6,685
Guaranteed operating loans.... ................ .....
3,128
Guaranteed livestock loans......... .................
59,748
Rural development insurance fund:
Guaranteed business and industrial development loans,.
63,147
Commerce Department:
Economic Development Administration:
Economic development revolving funds................
56,841
Housing and Urban Development Department:
Federal Housing Administration........................ 4,112,897
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees............. ...............
21,009
Veterans Administration:
Loan guaranty revolving fund.......... ................ 37,337,700
Other independent agencies:
Small Business Administration:
806,363
Business loan and investment fund....... ............
Disaster loan fund..,...............................
1,410
Total............................................... ..42,513,808
58/ Excludes $48,272,716 thousand representing securities issued by the
Federal National Mortgage Association and other institutions that
are guaranteed by the Government National Mortgage Association,
guarantees of mortgage-backed securities fund. These securities are
backed by the Federal Housing Administration insured or Veterans
Administration guaranteed mortgages, held by the institutions.
59/ Most outlays of the Rural Electrification and Telphone revolving fund
and the Rural Telephone Bank has been classified 'off-budget since
May 12, 1973, by an, act approved May 11, 1973 (87 Stat. 65-71). The
Federal Financing Bank was established as an off-budget Federal agency
by an act approved December 29, 1973 (87 Stat, 94-1). Housing pro
duction for the elderly or handicapped was classified off-budget
pursuant to Public Law 93-383, dated August 22, 1974.
60/ Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agencies.
|
61/ Interest is 2$ on loans made prior to May 11, 1973. Loans made
after that date bear interest at 2$ or 5$ depending on certain
conditions stated in section 305 (b) of an act approved May 11, 1973
(87 Stat. 69). Guaranteed loans will bear interest at rate agreed
upon by the borrower and the lender.
62/ This Bank is a mixed-ownership corporation.
63/ Interest rate is average rate of cost of moneys to the telephone bank
as determined by the Governor.
6£/ Represents the Cooley loan program established by an act approved
August 13, 1957 (7 U.S. C. 1704 (e)).
65/ This program was transferred from 0PIC to AID, pursuant to Section
222A of the FAA of 1974,
'
66/ Does not include advances of $2,349,700 thousand'to the Federal
Home Loan Mortgage Corporation,
1
62/ At no time shall the aggregate outstanding advances made by any
Federal home loan bank to any member exceed 12 times the amounts
paid by such member for outstanding capital stock held by it (12
U.S.C. 1430 (c)).
68/ Consists of mortgages insured by the Federal Housing Administration
and guaranteed by the Veterans Administration amounting to
$1,442,677 thousand; less unamortized discount of $57, 566 thousand;
participations in conventional loans of $1,A35,015 thousand;
conventional whole loans of $310,208 thosuand; less loan loss
reserve of $8,998 thousand.
ST Statutory.
Treasury Bulletin
142
.CUMULATIVE TABLE OF CONTENTS
July 1977 through June 1978
Issues and page numbers
Sections
Article:
1Q7S
1977
July
Aug.
VI
VI
Federal fiscal operations •
1
1
3
5
3
5
6
6
8
8
10
11
12
10
11
7
7
Sept.
VI
I
!
|
I
1
Oct.
Nov.
Dec.
Jan.
Feb.
VI
VI
VI
VI
VI
1
3
5
1
1
1
1
1
3
5
3
5
3
5
3
5
6
6
6
6
7
7
6
6
8
8
8
8
8
10
11
10
11
10
11
10
11
7
7
7
J
5
Summary of internal revenue collections by States
10
13
13
Apr.
May
June
VI
VI
VI
VI
1
3
1
3
5
3
5
6
6
8
8
10
11
10
11
7
7
8
8
10
11
10
11
10
11
12
7
.1.
...
6
1
3
5
5
6
7
8
Investment transactions of Government accounts in
12
Mar.
7
12
13
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury.............
Elements of changes in Federal Reserve and tax
13
16
21
19
19
13
14
15
22
23
20
21
15
16
17
16
20
21
16
17
18
21
22
23
17
18
20
24
22
22
16
19
18
24
19
23
20
21
25
23
23
17
20
19
25
20
23
24
20
21
21
22
25
26
23
24
23
24
17
18
20
21
19
20
26
21
24
25
24
25
21
22
22
23
26
27
24
25
24
25
18
19
21
22
20
21
26
27
21
22
26
27
28
29
26
27
28
29
23
24
25
26
24
25
26
27
28
29
30
31
26
27
28
29
26
27
23
23
24
25
22
29
20
21
22
26
23
24
25
28
29
30
31
30
30
27
28
32
30
30
24
27
26
32
23
24
25
26
27
16
13
13
14
15
19
19
16
17
20
21
20
21
17
18
18
19
22
22
19
23
23
24
Monetary statistics:
Federal debt:
Computed interest charge and computed interest rate
Maturity distribution and average length of marketinterest-bearing securities issued by Government
Status and application of statutory limitation#
Treasury holdings of securities issued by Government
Description of securities of Government corporations
aryl other business-type activities held by the
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
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
Disposition of public marketable securities other
Foreign series securities (nonmarketable,) issued to
official institutions of foreign countries............
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
United States savings bonds:
Sales
redemptions by series, cumulative.
Sales and redemptions by periods, all series
Sales and redemptions by periods, Series E through K ....
Redemptions of matured and unmatured saving bonds........
Sales and redemptions by denominations, Series E and
Sales by States, Series E and H combined................
United States savings notes:
30
32
32
34
35
32
33
38
38
42
42
42
47
48
46
51
53
51
56
36
37
32
33
29
30
34
35
40
36
33
44
40
37
4B
44
52
57
28
15
13
13
on
28
36
37
26
27
29
30
32
33
34
29
30
36
40
30
33
36
38
33
40
44
35
38
41
43
35
47
45
49
40
43
46
48
38
51
49
53
44
48
pji
53
43
56
54
58
49
56
58
45
60
58
62
53
57
60
62
47
61
57
55
60
67
63
62
67
67
65
69
61
65
69
71
55
70
66
65
70
70
68
72
64
68
72
74
57
70
71
73
66
65
70
71
73
70
71
73
68
72
73
75
64
65
67
72
73
74
75
77
57
58
60
67
69
66
68
69
71
68
69
74
75
74
76
77
75
70
69
74
76
72
76
68
72
78
78
61
Estimated ownership by private investors................
76
77
78
71
72
75
76
77
77
78
73
74
75
77
78
79
69
70
71
73
74
75
79
80
73
70
71
72
79
80
81
62
63
64
Treasurv survey - commercial bank ownership...............
...
77
...
...
...
...
75
...
...
Ownership of Federal securities:
Distribution by classes of investors and types of
79
81
...
June 1978
143
.CUMULATIVE TABLE OF CONTENTS.
July 1977 through June 1978—Continued
Issues and page numbers
Sections
Market cruotations on Treasury securities:
Average yields of loner-term bonds*
Average yields of long-term Treasury, corporate, and
Chart - Average yields of long-term Treasury,
Exchange Stabilization Fund:
National bank reports:
Operating Income and Expense, and dividends of National
International financial statistics:
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
U.S. liquid and other liabilities to official
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries.........
U.S. position in the International Monetary Fund.......
Weighted average of exchange rate changes for the
dollar...............................................
Capital movements:
Liabilities to foreigners reported by banks in the
Claims on foreigners reported by banks in the United
States...............................................
Liabilities to foreigners by nonbanking
concerns in the United States.........................
Claims on foreigners reported by nonbanking concerns
in the United States..................................
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States....
Foreign, Currency;.Positions:
French Franc Positions................................
United States Dollar
Foreign currencies acauired 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:
1977
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
76
78
81
83
83
85
79
81
83
85
79
81
84
79
84
86
82
86
86
85
80
85
87
83
87
88
...
...
86
87
...
...
...
88
July
Aug.
82
84
81
83
85
89
Investments of specified trust accounts..............
Sept.
Apr.
May
June
79
81
85
87
85
87
68
70
82
82
88
88
71
87
83
83
89
89
72
88
89
...
...
• ••
90
91
...
...
...
...
...
...
...
88
84
90
84
84
90
92
73
...
90
86
81
91
87
82
89
89
85
91
85
85
91
93
74
92
88
83
90
90
86
92
86
86
92
94
75
93
94
89
90
84
85
91
92
91
92
87
88
93
94
87
88
87
88
93
94
95
96
76
77
95
91
86
93
93
89
95
89
89
95
97
78
98
94
89
96
96
92
98
92
92
98
100
81
106
102
97
104
104
100
106
100
100
106
108
89
112
108
103
110
110
106
112
106
106
112
114
95
116
112
107
113
113
109
115
109
109
116
118
99
122
118
113
120
120
116
122
116
116
122
124
105
132
133
135
137
139
141
142
144
146
128
129
131
133
135
137
138
130
131
133
135
137
139
140
142
144
130
131
132
135
137
139
140
142
144
126
127
129
131
133
135
136
138
140
132
133
135
137
139
141
144
146
126
127
129
131
133
135
136
138
140
126
127
129
131
133
135
136
138
140
132
133
135
137
139
142
123
124
126
128
130
132
133
135
137
144
146
134
135
137
139
141
143
144
146
148
115
116
118
120
122
124
125
127
129
148
144
139
146
146
142
148
142
142
148
150
131
152
153
...
...
...
...
...
146
147
...
...
155
185
Direct and guaranteed loans outstanding..............
Trust funds:
Civil Service Retirement and Disability Fund.........
Federal Old-Age and Survivors Insurance Trust Fund....
Federal Disability Insurance Trust Fund.............. 4 ...
Federal Supplementary Medical Insurance Trust Fund....
Railroad Retirement Accounts.........................
Unemployment Trust Fund..............................
1978
140
...
148
176
143
177
178
179
181
182
183
184
186
187
149
149
...
150
151
152
154
155
156
157
159
160
...
...
...
...
142
142
148
150
151
145
...
...
...
...
146
147
148
150
151
152
153
155
156
141
142
...
146
225
...
...
...
152
...
...
183
184
153
...
134
135
...
...
154
155
156
158
159
160
161
163
164
@FedFRASER