Full text of Treasury Bulletin : June 1980
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DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
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TREAS
OFFICE OF THE COMMISSIONER
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-
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June 1980
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Treasury Bulletin
June 1980
DEPARTMENT OF THE TREASURY
WASHINGTON,
OFFICE OF THE SECRETARY
D.C.
June 1980
CONTENTS
Page
^^
Article
-
Treasury Financing Operations
FFO-l.
-
Summarv of Fiscal Operations
FFO-2.
-
Budget Receipts bv Source
Chart
-
Budget Receipts by Source
FFO-3.
-
Budget Outlays by Agency
FFO-4.
-
Undistributed Offsetting Receipts
FFO-5.
-
Budget Outlays by Function
FFO-6.
-
Investment Transactions of Government Accounts in Federal Securities (Net)
10
FFO-7.
-
Trust Funds Transactions
^^
UST-l.
-
Status of the Account of the U.S. Treasury
1^
UST-2.
-
Flements of Changes in Federal Reserve and Tax and Loan Account Balances
15
UST-3.
-
Gold Assets and Liabilities of the Treasury
16
MS-l.
-
Currency and Coin in Circulation
FD-l.
-
Summary of Federal Debt
18
FD-2.
-
Computed Interest Charge and Computed Inte-rest Rata on Interest-Bearing Public Debt.
18
FD-3.
-
Interest-Bearing Public Debt
19
FD-4.
-
Government Account Series
20
FD-5.
-
Interest-Bearing Securities Issued by Government Agencies
21
FEDERAL FISCAL OPERATIONS
Q
ACCOUNT OF THE
U.S.
TREASURY
MONETARY STATISTICS
17
FEDERAL DEBT
FD-6.
-
Participation Certificates
22
FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
23
FD-8.
-
Debt Subiect to Statutory Limitation
23
FD-9.
-
Status and Application of Statutory Limitation
24
25
FD-10.
-
Treasury Holdines of Securities
PDO-l.
-
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
PDO-2.
-
Offerings of Bills
28
30
.,,...,.-.,.. ,,^_._„^_^
_
.,
PUBLIC DEBT OPERATIONS
27
PDO-3.
-
New Monev Financing through Regular Weekly Treasury Bills
PDO-4.
-
Offerings of Public Marketable Securities
31
37
Premium or Discount
PDO-5.
-
Unmatured Marketable Securities Issued at
PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities..
^2
a
PDO-7.
-
Disposition of Public Marketable Securities
^5
PDO-8.
-
Foreign Series Securities
'^8
PDO-9.
-
Foreign Currency Series Securities
62
PDO-10.
-
Foreign Currency Series Securities Issued to Residents of Foreign Countries
63
'^
Treasury Bulletin
CONTENTS
UNITED STATES SAVINGS BONDS
Page
SB-l.
-
Sales and Redemptions bv Series, Cumulative
SB-2.
-
Sales and Redemptions bv Periods, All Series Tombined
64
SB-"^-
-
Sales and Redemptions bv Periods, Series
65
SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
F
64
through K
67
UNITED STATES SAVINGS NOTES
SN-l.
-
Sales and Redemptions bv Periods
OFS-l.
-
Distribution of Federal Securities
69
OFS-2.
-
Estimated Ownership of Public Debt Securities
70
TSO-l.
-
Summary of Federal Securities
71
TSO-2.
-
Interest-Bearing Marketable Public Debt Securities bv Type and Maturity Distribution..
72
TSO-3.
-
Interest-Bearing Marketable Public Debt Securities bv Issue
72
TSO-4.
-
Securities Issued by Government Agencies
74
TSO-5.
-
Securities Issued bv Government-Sponsored Agencies and D.C
74
MO-l.
-
Treasurv Bills
75
MO-2.
-
Treasury Notes
75
MO-3.
-
Treasury Bonds
77
Chart
-
Yield of Treasury Securities
78
AY-l.
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
79
Chart
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
80
68
OWNERSHIP OF FEDERAL SECURITIES
TREASURY SURVEY OF OWNERSHIP
MARKET QUOTATIONS ON TREASURY
SECURITIES
AVERAGE YIELDS OF LONG-TERM BONDS
INTERNATIONAL FINANCIAL STATISTICS
IFS-l.
-
U.S. Reserve Assets
81
IFS-2.
-
U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners
82
IFS-3.
-
U.S. Liquid and Nonliquid Liabilities
to
Official Institutions of Foreign Countries
by Area
IFS-4.
,
83
-
Nonmarketable U.S. Treasury Bonds and Notes
84
IFS-5.
-
U.S. Position in the International Monetary Fund
85
IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
86
June 1980
///
CONTENTS
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS
P^e^
-
U.S.
CM-1-1.
-
Total Liabilities by Type of Holder
CM-I-2.
-
Total Liabilities by Type, Payable in Dollars
CM-I-2.
-
Total Liabilities to Nonmonetary International and Regional Organizations by Type,
Payable in Dollars - Part B
91
89
-
Part A
90
CM-I-3.
-
Total Liabilities by Country
92
CM-I-4.
-
Total Liabilities by Type and Country
93
CM-II-1.
-
Total Claims by Type (Old Series)
94
CM-II-2.
-
Total Claims by Type (New Series)
94
CM-II-3.
-
Total Claims by Country
95
CM-II-4.
-
Total Claims by Type and Country Reported by Banks in the U.S
96
CM-II-5.
-
Banks' Own Claims, by Type
97
CM-II-6.
-
Banks' Own Claims by Type and Country Payable in Dollars
98
CM-II-7.
-
Domestic Customers' Claims by Type
99
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS
-
U.S.
CM-III-1.
-
Dollar Liabilities to, and Dollar Claims on, Foreigners in Countries and Areas Not
Regularly Reported Separately
100
CM-III-2.
-
Dollar Claims on Nonbanking Foreigners
101
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINE;;S ENTERPRISES IN THE UNITED STATES
CM-IV-1.
-
Total Liabilities by Type
102
CM-IV-2.
-
Total Liabilities by Country
103
CM-XV-3.
-
Total Liabilities by Type of Country
104
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
CM-V-1.
-
Total Claims, by Type
CM-V-2.
-
Total Claims, by Country
106
CM-V-3.
-
Total Claims, by Type and Country
107
CM-Vl-1.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
108
105
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-VI-2.
-
Foreign Purchases and Sales of Long-Term Foreign Securities
108
CM-VI-3.
-
Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country...
109
CM-VI-4.
-
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country..
110
CM-VI-5.
-
Net Foreign Transactions in Long-Term Domestic Bonds
Ill
CM-VI-6.
-
Net Foreign Transactions in Domestic Stocks by Country
112
CM-VI-7.
-
Net Foreign Transactions in Long-Term Foreign Bonds by Country
113
CM-VI-8.
-
Net Foreign Transactions in Foreign Stocks by Country
114
CM-VI-9.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Date
115
CM-VI-IO.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Year
116
IV
Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
^^^
FCP-I-I.
-
Nonbanking Firms' Positions
118
FCP-I-2.
-
Weekly Bank Positions
118
FCP-I-3.
-
Monthly Bank Positions
118
FCP-II-1.
-
Nonbanking Firms' Positions
119
FCP-II-2.
-
Weekly Bank Positions
119
FCP-II-3.
-
Consolidated Monthly Bank Positions
120
FCP-III-1.
-
Nonbanking Firms' Positions
121
FCP-III-2.
-
Weekly Bank Positions
121
FCP-III-3.
-
Consolidated Monthly Bank Positions
122
FCP-IV-1.
-
Nonbanking Firms' Positions
123
FCP-IV-2.
-
Weekly Bank Positions
123
FCP-IV-3.
-
Consolidated Monthly Bank Positions
124
FCP-V-1.
-
Nonbanking Firms' Positions
125
FCP-V-2.
-
Weekly Bank Positions
125
FCP-VI-1.
-
Nonbanking Firms' Positions
126
FCP-VI-2.
-
Weekly Bank Positions
126
FCP-VI-3.
-
Consolidated Monthly Bank Positions
127
FCP-VII-1.
-
Nonbanking Firms' Positions
128
FCP-VII-2.
-
Weekly Bank Positions
128
FCP-VII-3.
-
Consolidated Monthly Bank Positions
129
FCP-VIII-1.
-
Nonbanking Firms' Positions
130
FCP-VIII-2.
-
Weekly Bank Positions
130
FCP-VIII-3.
-
Consolidated Monthly Bank Positions
131
CANADIAN DOLLAR POSITIONS
FRENCH FRANC POSITIONS
GERMAN MARK POSITIONS
ITALIAN LIRA POSITIONS
JAPANESE YEN POSITIONS
SWISS FRANC POSITIONS
STERLING POSITIONS
UNITED STATES DOLLAR
POSITIONS ABROAD
FCP-IX-1.
-
Nonbanking Firms' Foreign Subsidiaries' Positions
132
FCP-IX-2.
-
Weekly Bank Foreign Office Positions
132
FCP-IX-3.
-
Monthly Bank Foreign Office Positions
133
June 1980
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Page
FEDERAL CREDIT PROGRAMS
GA-II-1.
-
Direct Sales and Repurchases of Loans
135
(lA-II-2.
-
Direct and Guaranteed Loans Outstanding
136
Cumulative Table of Contents
Note:
Details of figures may not add to totals because of rounding.
143
Treasury Bulletin
VI
Treasury Financing Operations
Auction uf 2-Year Notes
On May 14
$A,000
the Treasury announced that
million
notes maturing May 31,
cash.
and to raise $1,176 million new
1980,
offered
notes
The
terest payable
maturity.
Treasury
were
to be dated June 4,
S-1982,
1982, with in-
on November 30 and May 31 in each year until
A coupon rate of 9-3/8'/,
average
Series
Notes of
1980, due May 31,
was set after the deter-
mination as to which tenders were accepted on
the
would auction
it
of 2-year notes to refund $2,82A million of
which
of
a
June
permit
to
beyond
delivery
May
dates of May 27 and
had not been enacted in
31
the notes on the
originally
the notes were received until
12:30 p.m.,
of
scheduled date.
Tenders
June
EDST,
million
was
100.151
up
totaled
accepted
$7,007 million, of which $4,000
at yields ranging from 9.29%,
price 99.956.
to 9.40%,
These totaled $386 million.
accepted
tenders
average
the
price
at the average yield of accepted tenders, 9.37%,
100,009.
also
price
The $4,000 million of
included $570 million of tenders at
price from Federal Reserve banks as agents for
foreign and
international
monetary authorities in exchange
to the $4,000
in the auction process,
$3,004
Noncompetitive tenders
the average yield of accepted tenders,
These totaled $336 million.
In addition to the
million of tenders accepted
$274 million of tenders were accept-
ed at the average price from Government accounts and Federal
auction
the
cepted at the
9.66%,
price
average
Tenders
branches
D.
were
with
notes,
Government accounts and
from
Reserve banks and
Federal
at
Washington,
coupons attached, and
interest
as to principal and interest were author-
issued
be
price
for their own account for new cash.
received
registered
ized to
$285 million of tenders were ac-
at the Bureau of the Public Debt,
and
Bearer
C.
million of tenders accepted
$3,004
process,
Federal Reserve banks
denominations
in
of $1,000,
$5,000,
$10,000, $100,000 and $1,000,000.
52-Week Bills
On May 15 tenders were invited for approximately $4,000
million
of 359-day Treasury bills
mature May 21,
and to
1981.
to be dated May 27,
1980,
The issue was to refund $2,762
million of bills maturing May 27 and to raise $1,238 million
new cash.
$6,733
Tenders
million,
were
of
opened
May
on
They totaled
21.
which $4,001 million was accepted, in-
cluding $118 million of noncompetitive tenders from the public
addition
price 99.654.
to 9.697.,
99.775.
for maturing securities.
In
$5,650 million, of which
yields ranging from 9.567„, price
at
full at
Noncompetitive tenders
million or less from any one bidder were accepted in
for $1
full
and
2
the
totaled
accepted
up
notes
for
notes were received until 1:30 p.m.,
for
and
million or less from any one bidder were accepted in
for $1
because necessary legislation to extend the temporary
2
public debt ceiling
time
announced
was
100.177
in
originally
the
3
yield basis,
The auction and issue dates of the notes had been post-
from
million
translated into an average accepted
price close to 100.000.
poned
Tenders
EDST, June
and
price
million
$1,171
to Federal Reserve
for foreign
of the bills issued at the average
banks for themselves and as agents
international
and
monetary authorities.
The
average bank discount rate was 8.341%.
Reserve banks for their own account in exchange for maturing
short-term bil
Cash Management Bills
Is.
On May 23 tenders were invited for approximately $2,700
Tenders
branches
D.
were
received
and at the Bureau
Bearer notes
C.
notes registered
ized
to
issued
be
with
>
as
to
at
Federal Reserve banks
and
of the Public Debt, Washington,
interest coupons attached,
and
principal and interest were author-
denominations of $5,000,
in
$10,000,
million
of
and
mature
to
cash.
19-day Treasury bills to be issued May 29,
Tenders
million,
June 17,
were
1980.
The issue
opened on May 27.
1980,
was to raise new
They totaled $8,150
of which $2,702 million was accepted.
The average
bank discount rate was 8.0727o.
$100,000 and $1,000,000.
On May 30 tenders were invited for approximately $2,000
Auction of 5-Year 2-1/2-Month Notes
May
On
cash.
the Treasury announced that
21
million
$3,000
The
E-19S5.
interest
of 5-year 2-1/2-month
notes
to be
payable
determination
basis,
offered
dated June 5,
maturity.
until
the
million
as
were
it
would auction
notes to raise
Treasury Notes of
1980,
due August 15.
1979,
maturing
Series
cash.
Tenders were opened on June
1985. with
coupon rate of 9-5/8% was set after the
to
which tenders were accepted on
a
average of which translated into an average ac-
poned from the originally announced dates of May 28 and June
because necessary legislation to extend the temporary pub-
lic debt ceiling beyond
to permit
date.
May
31
had not been enacted in time
delivery of the notes on the originally scheduled
5,
1980.
3,
issue
The
1980,
2
6,
was to raise new
at the Federal
Reserve
which
They totaled $7,559 million, of
$2,002 million was accepted.
The average bank discount rate
was 10.260%.
On
May 30 at 10:00 a.m., Eastern Daylight Saving Time,
tenders were invited for approximately $2,000 million of 13day
The auction and issue dates of the notes had been post-
June
Bank of New York.
yield
cepted price close to 100.000.
3
2-day Treasury bills to be issued June
new
on February 15 and August 15 in each year
A
of
representing an additional amount of bills dated December
an
Treasury
bills to be issued the same day,
representing
additional amount of bills dated December 13.
uring June 12, 1980.
1979, mat-
The issue was to raise new cash.
Ten-
ders were opened at 12:30 p.m.. Eastern Daylight Saving Time
at
the
Federal
$9,317 million,
Reserve
of
Bank
of New York.
They
totaled
which $2,001 million was accepted.
average bank discount rate was 9.7297,.
The
June
VII
19S()
Treasury Financing OperationsH^ontinued
13-Week and 26-Week Bills
of regular weekly Treasury bills in May totaled
Issues
million.
$35,000
exchange
lion.
In
of
These issues were offered for cash and in
bills
the
million.
$3,500
sues
for
$3,500
maturing in the amount of $32,100 mil-
13-week
In
series
million.
were five issues
of
Average rates for the new issues
are shown in the fol lowing table.
Date of issue
there
the 26-week series there were five is-
..
,
.
June 1980
.FEDERAL FISCAL OPERATIONS,
Summary
Table FFO-1. -
of
Fiacal Operationa
(In millions of dollars)
Budget receipts and outlays
Means of
f
inancing--net transactions
Borrowing from the publ ic--Federal securities
Fiscal year
or month
Surplus
Net
Net
receipts 2_/outlays
7_/
deficit (-)
1-2
Public
debt
securities
(1)
(2)
188,392
208,649
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,940
211,425
232,021
247,074
269,620
326,185
366,439
94,729
402,725
450,836
493,221
1980 (Est.)
1981 (Est.)
1979-Apr...
May...
June.
532,427
628,035
568,933
611,546
52,238r
38,287
53,910
40,760r
41,618
40,687
July..
Aug...
Sept..
Oct..
Nov. ,
Dec
33,268
39,353
47,295
33,099
38,320
42,617
ll/l
1972
1973
1974
1975
1976
T.O
1977
1978
1979
.
.
1980-Jan
Feb
Mar
Apr.
.
Fiscal 1980
to date.
.
Cash and monetary assets (Deduct)
(1)
y
-23,033
-23,372
-14,849
-4,689
-45,188
-66,434
-12,956
-44,963
-48,839
-27,281
3
Agency
securities
(4)
(5)
27,211
29,131
30,881
16,918
58,9 53
87,244
14,269
64,139
72,705
54,975
-347
-1,269
216
903
-1,069
-36,506
16,489
10
724
-1,380
-1,417
-1,649
n.a.
n.a.
11,478
-3,331
13,223
-409
8,411
40,482
54,279
29,625
47,807
46,841
44,010
-7,214
-14,926
17,670
-14,708
-8,522
-1,393
2,564
5,663
13,379
7,046
11,283
43^429
37,862
33,351
61,097
47,988
47,208
46,566
51,237
-4,559
-9,346
-13,215
9,860
2,579
6,896
8,860
6,558
289,774
331,658
-41.884
119
268
-168
-237
-92
-71
-18
-13
-19
-80
-64
-22
-35
-18
-87
Investments of
Government accounts 4/
(6)
7
Total
4+5-6
Within genera U.S.
account of tht Treasury
U.S. Treasury operating
5/
cash
(8)
(9)
Gold
tranche
drawing
rights 7/
Special
drawing
rights 6/
(10)
(11)
(12)
.
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Footnotes to Table FFO.-l.
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government,
Budget estimates are based on the Current Budget Estimates, March
Note:
1980, released on March 31, 1980, by the Office of Management and Budget,
For detail see Table FFO- 2
1/
For detail see Table FFO-3.
The joint Treasury-Office of Management and Budget Press Statement,
3/
released with the Monthly Treasury Statement, has adjusted these totals
to include operating expenses and interest receipts of the Exchange
Stabilization Fund. The tctals in the press release are S^93,6 billion
for outlays and $-27,7 billion for the deficit.
For detail see Table FFO-6.
Beginning fiscal 1975, balances "Within general account of the U.S.
5/
Treasury" are presented in columns 9 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
9^/
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
Also includes
basis; and net outlays of off-budget Federal agencies.
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.
10/
Revised.
n.a. Not available,
r
l_f
8^/
t
.. .
...
June 1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budfet Receipt! by Source
(In millions of dollars)
Social insurance
taxes and contributions
Income taxes
Fiscal year
or month
Net
budget
receipts
Corporation
Withheld
1/
Employment taxes and contributions
Net
income
taxes
Other
Old-age, disability, and
hospital insurance
Net
Gross
76,490
83,200
98,093
112,092
1977
1978
1979
188,392
208,649
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,940
1980 (Est.)
1981 (Est.)
532,427
628,035
1971
1972
1973
1974
1975
1976
T.Q
1979. Apr...
May...
June. .
July..
Aug
Sept..
Oct
Nov . ,
Dec
1980-Jan
Feb.,.,
Mar
Apr.
.
Fiscal 1980
to date.
.
.
6,045
6,129
74,241
74,111
315,758
357,411
138,052
160,689
651
9,767
1,403
15,640
34,79f
15,976
41,20S
11,965
12,925
9,312
11,965
12,925
8,675
2,019
1,368
9,633
1,476
1,160
10,206
19,10!
18,583
32,97;
20,158
20,133
30,398
8,784
13,217
10,087
7,957
11,899
7,751
8,784
8,784
10,087
7,957
11,899
7,751
2,237
1,420
9,508
9,171
29,093
16,942
18,555
40,659
9,502
14,439
10,541
13,651
9,502
14,439
10,541
13,651
175,947
75,740
122,071
123,441
32,950
144,857
165,254
195,331
30,320
34,926
39,045
41,744
45,747
46,783
9,809
60,057
65,380
71,448
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,164
5,428
226,256
273,043
61,341
63,106
46,080
52,849
241,517
283,300
80,286
80,240
52,238r
38,287
53,910
15,544
16,742
18,084
17,975
5,696
8,424
8,489
7,864
940
25,029
14,575
25,568
10,418
1,670
16,016
467
376
33,268
39,353
47,295
33,099
38,320
42,617
16,714
16,955
16,194
17,777
18,725
19,402
1,241
1,041
7,349
1,183
869
589
952
342
163
17,086
17,215
23,341
18,682
18,972
20,192
2,518
1,661
10,096
2,543
1,684
10,667
43,429
37,862
33,351
61,097
17,821
19,473r
18,085r
17,143
9,061
l,230r
2,998r
24,937
5,181
12,027
10,592
26,856
15,522
9,056
31,488
2,702
2,117
10,255
10,244
40,951
28,609
140,769
40,212
289,774
128,427
78
26
499
293
463
1,068
524
460
465
697
747
1,073
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
-
contributions
981
1,009
1,190
1,412
1,490
1,525
980
1,008
1,189
1,411
1,489
1,525
28
328
1977
1978
1979
1,909
1,823
2,190
1,908
1,822
2,190
1980(Est.).
1981(Est.).
2,395
2,950
2,395
2,950
3
1979-Apr
May.
June.
.
79
.
324
.
21
20
73
72
360
223
360
223
55
55
360
212
July...
Aug
Sept.
Oct
Nov.
.
.
.
Dec. ,,,
1980-Jan
Apr.
360
212
23-
Feb....
Mar
.
.
Fiscal 1980
to date.
.
.
Continued
Net contributions for other
insurance and retirement
Net
taxes and
T.O
139,15
157,571
163,00/
172,20^
47,17:
212,512
518
447
479
535
360
408
Railroad retirement accounts
employment
1971
1972
1973
1974
1975
1976
-
126, 90;
Unemployment insurance
Con.
137,522
160,152
5,771
240, 94C
283, 51S
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,701
102,589
118,521
86,230
94,737
103,246
118,952
122,386
131,603
38,801
157,626
180,988
217,841
2
530
537
113,01
14,522
14,143
21,866
23,952
34,013
27,367
958
29,293
32,070
33,705
781
201
400
518
636
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,310
102,071
117,884
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,892
59,952
65,677
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
47,804
56,215
385
207
324
23
385
207
17
17
1,259
1,259
41,699
j
•
Gross
unemploymen
insurance
Federal
supple-
mentary
medical
insurance
Federal
employees
re tiremen
Other
retirement
...
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source— Continued
(In millions of dollars)
Social insurance
taxes and
contributionsContinued
Fiscal year
or month
1171
1972
1973
Excise taxes
Miscel laneous
Net
social
insurance
taxes and
contributions
1974
1975
1976
T.O
1977
1978
1979
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,688
123,410
141,591
10,643
10,562
1,995
9,884
9,550
10,753
2,564
9,796
10,203
9,978
1980 (Est.).
1981
CEst.)
163,454
138,926
16,488
45,111
1979-Apr....
May
14,165
18,652
9,375
874
851
684
July...
Aug
Sept. ..
Oct
Nov
Dec
10,566
17,164
10,809
9,384
14,433
8,675
838
848
933
930- Jan
Feb....
Mar
Apr.
Fiscal 1980
to date.
10,775
16,857
11,499
15,886
668
678
1,563
87,508
6,267
June.
.
.
,
.
.
.
.
.
738
133
Airport and airway trust fund
Highway trust fund
June 1980
,
7="0
0>
1^
coo
O
o
FEDERAL FISCAL OPERATIONS
,
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-3.
Budget Outlays by Agency
s
..
,
June 1980
'
7
.FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undistributed Offeetting Receipts
(In millions of dollars)
Federal employer contributions to retirement funds
Fiscal year
or month
Office of
Personnel
Management
Health, Education,
and Welfare Dept.
Interest credited to certain Government accounts
Federal Old-Age
Other
Federal Old-Age,
Disability," and
Hospital Insurance
1971
1972
1973
1974
1975
1976
Civil Service
Retirement and
Disability Fund
727
Soldiers'
Airmen'
Home
Permanent
Fund
1/
!76
8
742
816
911
1,082
1,138
294
1,152
1,266
1,342
2,018
2,101
1,756
1,918
2,080
9
1980 (Eat)..
1981 (Est)..
n.a.
1979-Apr
May
June.
T.O
1977
1978
1979
.
July...
Aug....
Sept...
Oct
Nov. ,
.
Dec.
.
.
.
1980-Jan
Feb
Mar
Apr
Fiscal 1980
to date.
I
,
10
652
980
1,024
592
99
1,204
1,170
1,417
4,548
4,863
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
107
119
118
251
200
206
69
60
427
369
384
117
122
118
108
111
110
198
353
125
303
227
217
58
90
373
565
718
960
470
400
388
110
188
213
61
62
297
238
90
61
50
59
63
61
and Survivors
Insurance
Trust Fund
1,617
1,718
1,848
2,039
2,296
2,346
80
2,275
2,153
1,919
2,611
2,768
2,927
3,319
3,980
4,242
985
2,192
2,427
2,511
126
125
119
Health, Education, and Welfare Department
Defense
Department
5,271
n.a.
n.a.
Fiscal year
or month
Unemploy- Black Lung
ment
Disability
Trust Fund Trust Fund
Trans-
359
401
514
418
Highway
Trust
Fund
Fund
406
507
708
512
467
13
5
374
249
770
780
868
30
3
17
29
43
77
104
104
4
132
229
362
5
7
683
128
410
14
161
13
2
2
89
13
4
32
59
3
4
5
95
10
4
4
592
161
189
16
2
80
13
50
11
12
-
Personnel
Management
ivil Service
Retirement and
disability
'und
Insurance
13
Continued
of
National
Service
Life
Insurance
Fund
479
[ledlcal
7
Office
Government
Life
Insurance
183
190
198
Federal
Supplementary
55
Veterans Administration
portation
department
324
388
435
57
Interest credited to certain Government accounts
Labor
Department
Federal
Hospital
Insurance
Trust Fund
n.a.
n.a.
1,683
.
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Board
Treasury Bulletin
8
FEDERAL FISCAL OPERATIONS
«
9
o
9
n
I
o
~
June 1980
FEDERAL FISCAL OPERATIONS.
to
9
a
a
a
o
O
I
a
a
9
O
a
n
o
Ed
OS
E-i
-
O
nj
..
.
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.
-
Investment Transactions of Oovernment Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
1971
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1,274
1,827
2,298
2,217
2,175
1972
1973
197A
1975
1976
T.Q
1977
1978
1079
-1,92'.
-913
-1,645
-4,443
-3,638
1980 (Est.)
1981 (Est.)
-4,480
1979 Apr....
1,428
2,622
-2,948
-1,678
-<>,J50
May
June.
July...
Aug...
Sept...
Oct....
.
.
Nov.
.
.
Dec...
1980- Jan....
Feb....
Mar
Apr.
Fiscal 1980
to date.
.
.
.
.
.
348
534
-2,331
1,558
-1,397
-1,309
2,921
-1,269
1,623
Federal
Disability
Insurance
Trust
Fund
1,263
Federal
Federal
SuppleHospital
mentary
Insurance
Medical
Trust Fund
Insurance
Trust Fund
Housing and Urban Development Department
Government National
Federal Mortgage Assn.
Housing
Administration Participation
Sales
Fund
Federal
Insurance
Administration
Labor Department
Unemployment Trust
Fund
June 1980
11
FEDERAL FISCAL OPERATIONS.
a
<
09
01
X)
o
a
p
O
•a
a
12
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-8.
Effective
wim
The
ALTERNATE
EXPENDITURE DATA ON
ftT OUTLAYS
GET FROM
Selected Accrual Data Reported by Federal AgencieB
the beginning of FY '80, Treasury accrued ex-
penditure REPORTING REQUIRE^€NTS AND TaBLE
CONTINUED,
-
FORMULA
A FISCAL
FO-8
WERE DIS-
FOR CALCULATING ACCRUED
YEAR END BASIS IS AS FOLLOWS:
FOR THE CURRENT FISCAL YEAR (INCLUDING OFF-BUD-
Table J of
the Treasury Combined Statement)
plus
ACCOUNTS payable AND OTHER LIABILITIES (INCLUDING OFF-BUDGET
FROM
Table
year's
GA-I-1);
ADVANCES
TO
and
Combined STATE^ENT) plus the
THE PUBLIC (TREASURY BULLETIN,
LESS CURRENT
SURY Bulletin,
PAYABLE
the
of
J
prior
TABLE
YEAR'S ADVANCES TO THE PUBLIC (TREA-
Table (jA-l-l) and less prior year's accounts
OTHER
LIABILITIES (INCLUDING OFF-BUDGET
Table J of the Treasury Combined Statement)
.
FROM
June 1980
13
.FEDERAL OBLIGATIONS.
"Obligations"
is
controlled
at
the point at which
to
the Federal Government.
in
events--order ,
characterize
They are recorded
the Government makes a firm commitment
or services and are the first of
acquire goods
key
the basis on which the use of funds
are
del i very ,
payment
,
the four
con sumption --which
the acquisition and use of resources.
In gen-
they consist of orders placed, contracts awarded,
eral,
vices received,
Obligations
to a
action without regard to its ultimate purpose.
for
salaries
sonnel
uniform set
wages, for example
and
,
All payments
are reported as per-
compensation, whe ther the personal services are used
in current operations or in the construe tion of capital
ser-
and similar transactions requiring the dis-
are classified according
which are based upon the nature of the trans-
of categories
Federal agencies and
f
i
rms
of ten
items.
do business wi th one
another; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements.
FO-1, obligations
The obligational
strategic
point
in
s
tage of Government
gauging
t
ran sac tions is a
the impact of the Government's
distinguished
operations on the national economy, since it frequently represents
for business
firms the Government commitment which
stimulates business investment
and
employment
of labor.
,
including inventory purchases
Disbursements may not occur
months
after the Government places
itself
usually
economy.
causes
for
its order but the order
immediate pressure on the
private
from
Tables FO-2 and
3
Obligation
counts
In Table
that are incurred wi thin the Government are
those
incurred outside the
Government.
show only those incurred outside.
data for the admin is trative budget fund ac-
first published in the September 1967 Treasury
were
Bulletin and the trust fund accounts were first published in
the October
Bu
1
letin
adopted
,
l'^67
the
Bulletin.
Beginning with the April
data are on the basis of the budge
pursuant
to
the recommendations of
Commission on Budget Concepts.
The January 1980 obligations data is not included
in this issue due to certain unavoidable delays in processing.
This data will be published In subsequent Bulletins,
t
I'^bS
concepts
the President's
.
14
Treasury Bulletin
ACCOUNT OF THE
U.S.
TREASURY
Source and Availability of the Balance in the Account of the U.S. Treasury
The operating cash of the Treasury is maintained in
Treasury's accounts with the Federal Reserve banks and branAs
the
balances in the
ches and in tax loan accounts.
accounts at the Federal Reserve Banks become depleted, they
are restored by calling in (Wlthdrawing)funds from thousands
of financial institutions throughout the country authorized
to maintain tax and loan accounts.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
all financial institutions whereby customers of
financial
institutions deposit with them tax payments and funds for
the purchase of Government securities.
In most
cases the
transaction involves merely the transfer of funds from a
customer's account to
the tax and loan account in the
same
financial
institution. On occasions, to the extent authorized by the Treasury, financial institutions are permitted
to deposit in these accounts
proceeds from subscriptions to
public debt securities entered for their own account as well
as for the accounts of their customers.
Under authority of P.L. 95-147, the Treasury implemented
a program on November
2, 1978,
to invest
a portion of its
operating cash in obligations of depositaries maintaining tax
and loan accounts. Under the Treasury Tax and Loan investment
program, depositary financial
institutions select the manner
in which they will participate in the program.
Depositaries
that wish to retain funds deposited in their tax and loan
accounts in interest-bearing
obligations participate under
the Note Option; depositaries that wish to
remit the funds
to the Treasury's account at Federal
Reserve banks participate under the Remittance Option.
Table UST-1.
-
The tax and loan system permits the Treasury to collect
funds through financial institutions and to leave the funds
in Note Option depositaries and in the financial communities
in which they arise until such time at the Treasury needs the
funds for its operations. In this way the Treasury is able to
neutralize the effect of its fluctuation operations on Note
Option financial institution reserves and the economy.
Status of the Account of the U.S. Treasury
{In millions of dollars)
Treasury operating balance
!_/
through
Available funds in
demand accounts at:
End of
fiscal year
Funds in process
of collection
or month
Total
federal
Reserve
3anks
Treasury tax
and loan note
accounts
1975.
1976.
T.Q..
1977.
1,274
2,344
4,038
2,919
5,773
11,975
13,299
15,740
7,372
7,634
8,433
6,152
1,475
2,854
4,119
3,364
1978.
1979.
16,647
6,489
1979-May.
June.
July.
Aug.
Sept.
Oct.
Nov,
1971.
1972.
1973.
Other
depositaries 2/
3/
Federal
Reserve
Other
depositaries 4/
8,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
419
252
243
276
369
235
184
-18
147
31
5,797
17,687
22,444
24,176
257
253
11
1,974
3,290
2,683
14,195
17,485
164
437
24
31
10,765
3,408
17,687
8,251
3,001
11,849
13,530
b,9 50
24,17b
10,460
5,591
15,924
428
166
253
178
175
268
17
15
33
14
Dec.
2,765
3,542
6,489
2,209
2,590
4,075
15
1980-Jan.
Feb..
2,931
2,417
13,671
8,271
16,602
10,688
322
14
272
20
Mar..
Apr .
May.
2,334
4,561
4,523
5,820
13,869
6,139
8,154
18,430
10,662
205
20
1,184
213
123
197i..
.
.
,
.
.
139
106
88
343
7
ime deposits
and other
nteres tbearing
demand
accounts
187
179
117
135
76
55
33
9
13
Other
demand
accounts
5/
June 1980
15
•
Table UST-2^.
-
ACCOUNT OF THE
Elements of Changes
in Federal
U.S.
TREASURY.
Reserve and Tax and Loan Note Account Balances
(In millions of dollars)
Credits and withdrawals
-redgral
Fiscal year
or month
Ktjs^ r vg
aftaun i s 1/
Credits 2/
through reWithdrawals 3/
mittance option
tax and loan
depositaries
1970
725,280
810,481
209,758
875,071
952,116
983,693
T.O
1977
1978
1979
722
1979- May.
June
93,570
80,996
4,556
6,605
July
77,809
93,247
69,962
86,495
94,200
80,428
4,499
4,278
5,128
4,402
4,373
87,351
90,618
100,389
115,391
113,302
4,604
4,707
5,467
5,546
5,168
Aug.
Sept
Oct.
Nov.
Dec.
1980-Jan.,
Feb.,
Mar.
Apr.
May.
met
jteauftcs
'</
LL iued
Received
directly
1971
1972
1973
1974
1975
1976
I4X ana lasn
Proceeds from sales of securities
5,553
Marketable
issues
Nonmaxke tab 1 e
issues 5/
Taxes 6/
Total
credi ts
Withdrawals
(transfers to
Federal Reserve
accounts)
16
Treasury Bulletin
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
Gold assets 1/
Gold liabilities 2/
Balance of gold in
U.S. Treasury account
End of calendar year or month
1968
1969
1970
1971
1972
1973
1974
1975
1976
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
275,968,413.1
274,705,260.3
274,679,167.8
10,367
10,367
10,732
10,132
10,410 3/
11,567 3/
11,652
11,599
11,598
10,256
10,255
10,623
10,019
10,303
10,460
11,652
11,599
11,598
1977
1978
277,544,111.9
276,420,310.8
11,719
11,571
11,719
11,531
1979-Hay.
June
268,917,745.3
268,167,685.2
11,354
11,323
11,354
11,323
July
Aug.
Sept
Oct.
Nov.
267,401 ,275.6
266,667 ,632.2
265,918 ,759.1
265,129 ,405.1
263,168 ,284.7
254,601 ,798.2
11,290
11,259
11,228
11,194
11,112
11,172
11,290
11,259
11,228
11,194
11,112
11,112
264,599 ,629.1
264,599 ,575.5
254,599 ,575.5
264,599 ,575.5
264,599 ,575.5
11,172
11,172
11,172
11,172
11,172
11,172
11,172
11,172
Dec.
1980-Jan.
Feb,
Mar.,
Apr.
May.
Source:
Daily Treas ury Statement through June 197A, Bureau of Government
Financial Operat ions thereafter.
Treasury gold st ock which excludes gold held by the Exchange Stabili1/
zation Fund (ESF ).
See "International Financial Statistics," Table
IFS-1.
2/
Consists of: Golid certificates (Series 1934) issued only to Federal
Reserve banks; gi;old certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from September 19, 1965
through February 15, 1972; redemption fund for Federal Reserve not es until March 18, 1968, when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
'
111
112
109
113
107
107
11,172
11,172
1968, and gold reserve against U.S. notes until March 1*^, 1968, when
it was transferred to the public debt also pursuant to P.L. 90-26°.
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972.
The Increment amounted to
$822 million. Gold assets were valued at $38 per fine troy ounce until October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973.
The increment amounted to
$1,157 million.
Less than $500,000.
.
June 1980
17
.MONETARY STATISTICS.
Table MS-1.
-
Currency and Coin
in Circulation
Cin millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
1971
1972
1973
1974
1975
1976
Federal
Reserve
bank
notes
54
53
52
51
50
50
1977
1978
1979
49
48
48
1979-Apr.
May.
June
48
48
48
20
July
Aug.
Sept
Oct.
Nov.
48
48
48
48
20
20
20
20
1980-Jan.
Feb.
Mar.,
Apr.
Treasury
notes of
1890
United
States
notes
51,922
55,184
60,273
65,793
72,700
79,634
8C,201
87,947
97,159
107,270
',5,115
72 ,n'i
',
7M ,n2H
208
207
207
122
122
117
113
112
96, 5t16
10li,6Rl
207
207
207
312
101 ,748
312
312
103,774
104,779
102,339
104,365
105,370
312
312
312
311
111
105,950
106,897
106,681
108,027
109,905
106,540
107,488
107,270
108,617
110,494
311
113,353
113,942
109,168
110,592
111,501
109,515
109,757
111,180
112,089
48
20
207
207
207
206
206
48
20
206
20
206
311
48
48
20
20
206
206
206
311
311
310
20
Total
currencies
Federal
Reserve
notes 4/
Fractional
coin
79,59 7
87,149
Total Currency
and Coin in
circulation 5/
Currency and ""cin in
circulation
per capita
(in dollars) 6/
T.O
1977
1978
1979
482
633
705
765
816
941
951
999
1,063
1,435
5,990
6,383
6,793
7,275
7,681
8,303
8,397
8,877
9,441
10,011
6,472
7,016
7,498
8,040
8,496
9,244
9,348
9,876
10,504
11,446
58,393
62,201
67,771
73,833
81,196
88,877
89,548
97,823
107,653
118,716
282.03
297.84
322.11
348.44
380.06
413.17
415.37
450.08
491.52
536.74
1979-Apr.
May.
June
1,165
1,183
1,327
9,730
9,820
9,879
10,895
11,003
11,205
113,234
115,368
116,575
514. ILr
July
1,423
1,440
1,435
1,438
1,445
1,441
9,933
9,988
10,011
10,070
10,143
10,216
11,355
11,428
11,446
11,508
11,588
11,658
117,895
118,914
118,716
120,125
122,082
125,600
534.41
538.52
536.74
542.66
551.03
566,49r
1980-Jan.
1,445
10,196
Feb.
Mar.
Apr.
1,456
1,461
10,224
10,302
1,473
10,401
11,641
11,680
11,763
11,874
121,157
121,436
122,943
123,963
Aug.
Sept
Oct.
Nov.
Dec.
Source:
Statement of United States Currency and Coin.
Excludes gold certificates. Series of 1934, which are issued only
Federal Reserve banks and do not appear in circulation.
Issued prior to January 30, 1934.
2_/
Issued prior to July 1, 1929.
4/
Issued on and after July 1, 1929.
5/
}_/
y
Federal
Reserve
notes 3/
212
211
210
209
20
20
End of
fiscal year
or month
1971
1972
1973
1974
1975
1976
Silver
certificates
218
215
213
4")
,
Gold
certificates 2/
20
20
20
20
20
20
20
20
20
20
T.O
Dec.
Currencies Presently
being issued
W
National
bank
notes
6/
7/
*
523.82
528.89
V
546.07
546.63r
553. 37r
557.60
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.
^ Revised.
18
Treasury Bulletin
.FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
1971.
1972.
1973.
1974.
1975.
1976.
T.O..
1977.
1978.
1979.
Total 1/
409
1979-Apr..
May..
June.
July.
Aug.
Sept.
Oct.
Nov.
.
.
,
Dec.
1980- Jan.
Feb.
Mar.,
Apr.
Debt
June 1980
19
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
or month
Total
interestbearing
public
debt
1971
1972
1973
1974
1975
1976
396,289
425,360
A56,353
473,238
532,122
T.Q
1977
1978
1979
Marketable
Nonmarketable
Treasury
notes
Treasury
bonds
U.S.
savings
bonds
633,560
697,629
766,971
819,007
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
485,155
506,693
86,677
94,643
100,061
105,019
128,569
161,198
161,505
156,091
160,936
161,378
104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
267,865
274,242
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45,724
56,355
71,073
150,816
168,158
193,382
206,663
216,516
226,673
225,897
254,121
281,816
312,314
1978-Mar.
736,929
478,252
165,652
262,179
50,420
258,677
77,804
1979-May.
June
803,816
799,863
506,867
499,343
163,076
159,890
276,123
272,066
67,668
67,387
296,949
300,520
80,430
80,460
July
806,508
812,095
819 007
825,736
832,730
843,960
506,994
509,187
506,693
515,033
519,573
530,731
159,938
160,489
161,378
161,692
165,100
172,644
278,257
277,582
274,242
280,832
279,723
283,379
68,799
71,116
71,073
72,510
74,751
74,708
299,514
302,909
312,314
310,703
313,157
313,229
80,524
80,503
80,440
80,178
79,669
79,517
846,517
854,591
862,211
535,658
540,636
557,493
175,522
177,422
190,780
283,990
286,814
290,390
76,147
76,400
76,323
310,859
312,730
304,718
78,247
77,338
75,643
868,866
873,529
564,869
195,296
291,831
77,741
303,997
73,889
567,560
195,387
291,532
80,641
305,968
73,247
6'19,254
Aug.
Sept
Oct.
Nov.
Dec.
1980-Jan.
Feb.
Mar.
Apr.
May.
Nonmarktable
End of
fiscal year
or month
70, /52
75,411
79,798
80,440
Continued
Foreign series
Investment
series
Deposi tary
series
Public
Dollar
denominated 2/
1971
1972
1973
1974
1975
1976
-
59,418
61,921
65,482
69,733
Foreign
currency
denominated 3/
Government
account
series
Foreign
currency
denominated
1977
1978
1979
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2,247
2,246
2,245
1978-Mar.
2,245
22,614
1979-May.
June
2,245
2,245
21,008
22,657
4,150
4,150
164,552
166,274
24,558
24,729
July
2,245
2,245
2,245
2,245
2,245
2,245
23,865
23,538
23,965
23,860
23,895
23,551
4,150
4,150
4,150
4,150
5,269
5,269
163,882
167,301
176,360
175,267
176,992
177,460
24,842
25,167
25,149
24,996
25,080
25,183
23,608
2 3,206
20,464
6,437
6,437
6,437
174,904
178,415
175,451
25,413
25,085
24,468
19,813
19,488
6,437
6,437
17^J,652
1 5 2
24,196
24,145
T.Q
Aug.
Sept
Oct.
Nov.
Dec.
1980-Jan.
Feb.
Mar.
Apr.
May.
2,245
2,245
2,245
23
22
19
16
16
9
9
7
6
6
6
6
6
6
9
11
II
1,664
2,072
1,743
1,599
1,599
1,599
1,599
1,289
768
7,606
16,913
26,781
23,412
21,617
19,901
19,215
20,510
20,912
23,965
Source:
Monthly Statement of the Public Debt of the United States.
As of July 1974, includes Federal Financing Bank.
\f
21
Consists of certificates of indebtedness. Treasury notes beginning
January 1963, Treasury bonds beginning September 1964, and Treasuary
bills beginning March 1975, sold to foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962-ApriI 1967; and
4/
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
153,271
176,360
3,389
1,322
1,407
2,002
1,361
2,611
3,419
14,543
24,813
25,149
137,956
17,013
,
b4
;'
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 series"
which includes Treasury deposit funds in addition to -those accounts
previously shown as special Issues, formerly included in "Other" column.
.
20
Treasury Bulletin
.FEDERAL DEBT,
Table FD-4.
Government Account Series
-
(In millions of dollars)
Airport and
Airway
trust fund
End of
fiscal year
or month
1977
1978
1979
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
153,271
176,360
1978-Mar.
1971
1972
1973
1974
1975
1976
Exchange
Stabilization
Fund
436
1,367
2,692
3,429
4,829
5,435
7,835
2,022
5,082
46,060
4,267
4,484
2,411
2,835
7,102
7,099
163,882
167,301
176,360
175,267
176,992
177,460
4,404
4,451
4,377
4,442
3,272
3,377
4,266
4,497
4,475
4,376
174,904
178,415
175,451
179,652
182,642
4,839
4,899
4,940
5,037
5,263
4,416
4,368
3,740
137,956
3,583
1979-May.
June
164,552
166,274
July
1980-Jan.
Feb.
Mar.
Apr.
May.
End of
fiscal year
or month
1971
1972
1973
1974
1975
1976
1977
1978
1979
1978-Mar.
1979-May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
1980-Jan.
Feb.
Mar.
Apr.
May,
4,'i37
4,728
Federal
supp. medical
insurance
trust fund
257
T.Q
Federal
disability
insurance
trust fund
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
4,053
5,286
878
1,936
2,529
2,712
3,246
3,687
4,377
Aug.
Sept
Oct.
Nov,
Dec.
Federal
employees
retirement
funds
21.644
24,691
27,894
31,201
35,525
40,383
39,607
46,631
53,398
61,369
1,242
1.424
2,934
2,364
1,451
1,512
1,529
2,050
1,763
4,266
T.Q
Federal
Deposit
Insurance
Corporation
Federal Savings and Loan
Insurance
Corporation
\
3,771
501
Government
life insurance fund
156
274
263
Federal
Energy
Adminsi tration
Federal Home
Loan Bank
44
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
2,980
2,834
4,172
7,814
9,711
10,892
10,959
10,924
11,707
13,144
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
26,890
23,251
3,206
11,115
27,117
51,931
53,339
4,692
5,089
12,258
12,742
26,995
24,047
7,108
7,819
7,835
7,851
8,066
8,074
52,821
52,377
61,369
60,934
60,404
61,969
4,905
4,611
5,286
5,123
5,036
5,326
12,295
12,706
13,144
12,879
12,612
13,057
22,370
22,718
23,251
20,920
22,478
20,582
8,279
8,743
8,757
9,043
9,032
61,444
60,959
60,383
59,808
59,214
5,316
5,453
12,892
12,970
13,841
14,054
13,809
19,273
22,194
20,925
23,613
27,476
Highway
trust fund
National
service life
insurance
fund
62
1,712
5,866
6,327
6,549
Postal
service fund
Railroad
retirement
accounts
Treasury
deposit
funds
Unemployment
Other
trust fund
1/
June 1980
21
.FEDERAL DEBT.
Table FD-5.
-
Interest-Bearing Securities Issued by
(In millions of dollars)
End of
Government Agencies
22
Treasury Bulletin
.FEDERAL DEBT.
FD-6.
-
Participation Certificates
(In million of dollars
End of
-
face amounts)
23
June 1980
.FEDERAL DEBT.
Table FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
T'
End of
fiscal year
or month
Maturity classes
Amount
outstanding
privately
held
5-10
10 -20
20 years
years
years
and over
6,357
6,358
8,741
9,930
8,857
8,087
7,939
8,428
11,383
18,489
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
14,805
20,304
Within
1
year
years
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
356,501
380,530
74,803
79,509
84,041
87,150
115,677
151,723
153,203
161,329
163,819
181,883
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113,319
132,993
127,574
14,503
16,033
16,385
14,197
15,385
24,169
31,247
33,067
33,500
32,279
1
-
5
362,693
178,474
132,501
29,414
9,635
12,669
383,315
388,001
377,649
185,725
188,018
184,113
132,538
130,576
124,443
31,235
33,572
33,359
16,578
17,326
17,271
17,239
18,508
18,462
383,102
384,771
380,530
389,074
390,439
402,226
183,277
182,891
181,883
182,297
180,676
190,403
129,462
130,607
127,574
134.205
133,276
131,173
33,555
32,392
32,279
32,325
34,319
36,592
18,617
18,548
18,489
19,938
19,866
19,796
18,390
20,334
20,304
20,309
22,302
22,262
408,300
414,647
430,036
435,283
192,829
195,694
208,542
207,942
135,132
137,442
137,514
141,992
36,793
37,593
40,151
40,111
21,247
21,794
21,725
23,140
22,299
22,124
22,104
22,079
Average length
3
yrs.
1_/
24
"Treasury Bulletin
FEDERAL DEBT,
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C,
757b), as amend-
ed, provides that the face amount of obligations issued under
authority
of that
Act, and the face amount of
obligations
guaranteed as to principal and interest by the United States,
exceed
shall not
at
any
time.
in the aggregate $400 billion
Public
September 29, 1979, and
debt limit
outstanding
Law 96-78 provides that beginning
ending on May 31, 1980, the
shall be temporarily
increased by $479
on
Public
billion.
The
that
tions
Act
of June 30, 1967 (Public Law 90-39)
provides
the face amount of beneficial interests and participa-
issued under section 302
Mortgage Association Charter Act
the fiscal year
added to
1968 and
(c) of the Federal National
(12 U.S.C.
outstanding
1717 (c) during
at any time shall be
the amount otherwise taken into account in
mining whether the
met.
Part A. - Statue Under Limitation
May
31,
1980
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
Total public debt subject to limit
Other debt subject to limit:
Guaranteed debt of Government agencies..
Specified participation certificates
Total other debt subject to limit
Total debt subject to limit
Statutory debt limit
Balance of statutory debt limit
deter-
requirements of the above provi sions are
$877
June 1980
25
.FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(in millions of dollars)
Agriculture Department
Agency
for
End of
fiscal year
or month
International
Development 1/
Federal
Financing
Bank
Federal
Home Loan
Bank Board
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
Programs
2/
1971
1972
1973
197A
31,944
33,939
34,237
35,434
44,674
53,091
57,374
66,353
85,626
105,931
1975
1976
T.O
1977
1978
1979
451
11,977
11,501
416
3
74
327
233
602
13,466
22,413
25,884
35,418
48,078
63,836
1,247
1,534
1,491
10,364
8,608
5,046
2,840
3,556
6,128
11,261
13,927
5,746
6,051
6,563
6,963
7,409
7,512
7,409
7,865
7,865
7,865
7,865
1978-Mar.
77,415
42,169
10,230
1979-May.
June
101,657
103,493
58,186
60,813
14,909
July
103,731
104,791
105,931
108,557
111,061
108,225
61,798
62,880
63,836
65,583
66,281
67,382
111,800
113,415
115,912
119,653
122,196
68,294
69,267
71,885
74,009
76,009
Aug.
Sept
Oct.
Nov.
Dec,
1980-Jan.
Feb.
Mar..
Apr,
May..
.
Housing and Urban
Development Department
ExportImport
Bank of
Office of the Secretary
the
United
States
College
housing
Urban
renewal
3/
loans
fund
Other
4/
Treasury Bulletin
26
.FEDERAL DEBT,
Footnotes to Table FD-10.
Source:
Bureau of Government Financial Operations.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agencies to borrow from the Treasury.
Further detail may be found in
the 1978 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 410-415, and the 1978 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages
558-560.
And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
\J
previously issued by the Administrator in connection with informational
media guaranties.
The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other,"
Farm housing and other loan programs, Agricultural Credit Insurance
_2/
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund,
Includes securities transferred from the Reconstruction Finance
2_f
Corporation.
4/
Cons is ts of notes issued to borrow for: public facili ty loans Low
Rent Public Housing Fund; and Housing for the Elderly or Handicapped.
;
;
5_(
b_/
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 au thority of that ac t (12 U.S.
C. 1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration
Administration); and the Secretary of the Treasury through
May 1964.
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 l'563-67 and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of helium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974;
Federal Railroad Administration, rail service assistance, beginning
January 1976, and regional rail reorganization, April, 1976;
Bonnerville Power Administration beginning September 30, 1977;
Secretary of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977, and advances for the National Flood Insurance Fund.
Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
9/
21
June 1980
_PUHUC DEBT OPERATIONS
TU^
PDO-L -
Maturity Schedule cf Intsrestfieerisg Marketable Public Debt SecuiitieB Other
than Regubr Weekly and 62-Week Treasury Bilk
OutBtandiDg,
May
31,
1980
.
28
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Table PDO-2. - OfferingB of Bilb
(Amounts in millions of dollars)
Description of new Issue
Issue date
Number of
days to
maturi ty 11
Maturity
dare
Amount of
bids
tendered
Amount
maturing on
Amounts of bids accepted
Total
Amount
On competitive
basis 1/
On noncompetitive
basis 3/
Total
unmatured
issues outstanding after
new issues
issue date
of new
offering
Regular weekly:
(13-week and 26-week)
Feb.
7
14
21
28
Mar.
6
13
20
27
Apr.
3
10
17
24
Hay
52-weeks
1980-May
Aug.
May
Aug.
May
Aug.
May
Aug.
91
182
6,012.8
5,870.4
3,218.4
3,215.4
2,473.3
2,740.0
745.0
475.4
3,108.1
3,022.2
41,662.2
81,383.6
91
15
14
182
5,319.2
5,385.9
3,216.5
3,221.1
2,474.2
2,736.2
742.4
484.9
3,112.5
3,014.3
41,776.2
81,590.5
22
21
91
182
5,407.5
5,970.1
3,225.4
3,219.7
2,657.9
2,829.8
567.5
389.9
3,113.5
3,006.1
41,878.1
81,804.1
29
28
91
182
4,952.5
4,543.5
3,310.6
3,311.0
2,602.2
2,830.2
708.5
480.8
3,209.9
3,009.0
41,978.9
82il06.1
91
182
5,702.3
6,396.9
3,314.7
3,314.9
2,535.8
2,764.5
779.0
550.3
3,211.1
3,015.5
42,082.6
82.405.5
42,189.3
82,617.2
June
Sept.
June
12
Sept.
11
91
182
5,866.9
5,487.3
3,318.9
3,320.6
2,116.7
3,243.2
1,152.2
774.0
5,213.2r
3,108.9
June
Sept
19
18
91
182
7,495.3
6,512.1
3,311.6
3,322.0
2,197.7
2,555.3
1,113.9
766.7
8,251.4
3,107.8
5/
42,290.2
82,831.4
June
26
25
91
182
8,878.6
5,303.5
3,409.9
3,398.2
2,384.1
2,610.0
1,025.7
788.2
7,252.0
3,005.0
6/
42,472.8
83,224.6
July
3
Oct.
2
91
182
6,928.1
6,336.3
3,423.6
3,411.6
2,089.2
2,568.9
1,334.4
842.7
3,271.6
3,015.2
42,624.7
83,629.9
July
10
91
Oct.
9
182
5,690.4
5,367.6
3,418.9
3,414.6
2,285.8
2,688.9
1,133.1
725.6
3,225.8
3,019.0
42,817.8
84,016.5
July
17
16
91
182
5,736.7
5,929.6
3,518.9
3,525.1
2,502.4
2,687.1
1,016.4
838.0
3,215.9
3,009.1
43,120.8
84,532.5
24
23
91
182
8,366.4
6.011.7
3,530.0
3,530.2
2,639.7
2,808.7
890.3
721.5
3,216.7
3,116.9
43,434.1
84,945.7
Sept.
Oct.
July
Oct.
31
91
3,512.1
3,515.5
828.'4
182
6,837.6
5,734.1
2,683.-7
30
2,902.1
613.4
3,216.7
3,113,0
43,729.5
85,348.2
91
182
5,444.1
5,323.3
3,513.9
3,511.9
2,788.3
2,964.0
725.5
547.8
3,218,4
3,107.3
44,025.0
85,752.8
91
6,630.7
6,239.8
3,508.7
3,510.6
2,813.5
3,081.9
695.2
428.8
3,216.5
3,112.2
44,317.2
86,151.2
5,945.1
6,061.7
3,503.1
3,502.4
2,900.8
3,153.0
602.4
349.4
3,225.4
3,099.2
44,595.0
86,554.4
183
5,968.8
5,599.3
3,511.0
3,507.2
3,049.8
3,351.1
461.1
156.1
3,310.7
3,214.9
44,795.3
86,846.8
364
364
364
6,516.2
4,127.8
4,961.2
3,019.7
2,761.8
2,785.7
2,903.1
2,496.0
2,667.8
122.5
260.1
113.0
3,024.4
2,478.2
2,783.7
43,877.5
44,161.1
44,163.1
364
364
364
364
359
359
5,208.0
5,733.7
5,755.9
5,378.7
6,203.0
8,110.3
3,389.4
3,545.2
3,555.2
3,453.7
3,902.7
4,038.7
3,267.5
3,442.7
3,434.7
3,348.1
3,530.6
3,881.0
118.2
100.5
120.5
102.5
367.5
157.8
3,379.7
3,543.9
3,353.1
3,474.3
3,895.8
4,028.9
44,172.7
44,174.0
44,376,1
44,355.5
44,362.4
44,372.2
359
359
359
359
359
6,337.5
5,920.5
6,301.8
6,447.5
6,614.0
4,015.6
3,985.3
4,009.3
4,010.0
4,008.6
3,812.8
3,824.1
3,763.1
3,727.3
3,751.9
202.8
161.2
246.2
282.7
256.6
3,704.9
3,543.4
3,325.8
3,345.9
3,019.7
44,682.9
45,124.8
45,808.3
46,472.4
47,461.2
fi,73'<.2
4,001.7
3.882.'
119.0
2,478.2
48,984.7
1
July
Oct.
8
Aug.
Nov,
15
Aug.
Nov,
14
13
22
Aug.
Nov
21
20
29
Aug.
Nov
28
28
Apr.
1980-May
June
29
182
91
:
197<)-Mav
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1980- Jan.
Feb.
Mar.
Apr.
Hay
1
29
26
24
21
18
16
13
11
July
8
1981-Jan.
Jan.
5
29
27
May
1
Cash management
1979-Nov.
9
24
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Mar.
Apr.
4
27
29
26
26
23
:
Dec.
1980-Mar.
Apr.
Apr.
May
1980-Apr.
May
24
24
15
167
143
157
3,160.0
5,631.2
6,266.0
2,001.6
3,000.4
2,324.9
5
Apr.
17
43
25
May
June
1
37
77
9,544.0
8,499.0
13,941.0
12,965.0
4,001.8
6,904.0
5,040.6
4,025.8
8,150.0
9,317.0
2,702.2
3,001.0
3
10
2
7
29
30
Footnotes at end of Table.
19
26
80
17
19
12
13
June 1980
29
.
PUBLIC DEBT OPERATIONS
,
Table PDO-2. - OfTeringB of BOb-CoiDtinued
Regular weekly
:
1980-Feb.
14.
21.
13.
20.
Apr.
Hay
52-weeks:
)
30
Treasury Bulletin
.PUBLIC DEBT OPERATIONS^
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills
^
(Dollar amounts in millions)
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted }_/
(Percent)
New money
increase, or
decrease (-
June 1980
31
.PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
Bills 1^
-Continued
(Dollar amounts in millions)
Description of issue
Issue
date
1980-Jan.
3.
10.
17.
date
1980-Apr.
July
31.
3
7.
14.
21.
13.
27.
Apr.
17.
24.
May
II
11.944
11.858
492
6,331
6,305
3,216
3,218
11.903
11.783
504
6,683
6,536
3,217
3,213
12.189
11.886
279
287
17
17
182
24
24
182
July
July
May
July
91
91
91
182
6,412
5,433
3,217
3,210
91
182
6,013
5,870
3,218
3,215
12.086
11.985
304
15
14
91
182
5,319
5,386
3,217
3,221
12.308
12.256
311
22
21
91
182
5,408
5,970
3,225
3,220
13.162
13.013
325
403
1
31
Aug.
May
Aug.
May
Aug.
Aug.
29
28
Sept.
June
Sept.
Increase, or
decrease (-)
12.038
11.846
12
11
91
182
4,952
4,544
3,311
3,311
13.699
13.628
91
5,702
6,397
3,315
3,315
15.136
14.792
403
182
91
182
5,867
5,487
3,319
3,321
15.381
14.939
318
7,495
6,512
3,312
3,322
15.049
14.950
315
8,579
5,303
3,410
3,398
16.532
15.699
576
91
Sept.
19
18
18 2
June
Sept.
26
25
182
91
July
3
15.037
14.804
548
6,336
3,424
3,412
2
91
182
6. "^28
Oct.
10
9
91
182
5,690
5,368
3,419
3,415
14.424
14.226
589
819
Oct.
July
17
Oct.
16
91
182
5,737
5,930
3,519
3,525
13.818
13.550
July
24
23
91
182
8,366
6,012
3,530
3,530
12.731
11.892
727
31
30
91
6,838
6,734
3,512
3,515
10.788
10.790
598
182
700
Oct.
Oct.
8.
Aug.
Nov.
6
91
182
5,444
5,323
514
512
9.729
9.495
Aug.
Nov.
14
13
91
182
6,631
6,240
3,509
3,511
8.605
8.783
691
15.
91
20
182
5,945
6,062
3,503
3,502
8.953
8.922
681
Aug.
Nov.
21
22.
Aug.
Nov.
28
28
91
183
5,969
5,599
3,511
3,507
7.675
7.753
493
29.
7
See Table PDO-2.
Equivalent average rate on bank discount basis.
Source.
3,226
3,223
Apr.
July
1.
6,718
5,860
91
jMly
10.
5719
182
June
20.
12.105
11.880
10
June
6.
$3,272
3,362
10
May
28.
S5,330
5,967
July
May
Feb.
91
182
Apr.
Apr.
24.
3
New money
Amount
of bids
accepted
Number of
days to
maturity
Maturity
Average rate
of bids
accepted 1^/
(Percent)
Amount
of bids
tendered
JD
P
B
F
L
E
P
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-4.
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amoiints in millionL^)
Date subscription books
closed or
tenders received
Issue
date
Description of securities 1/
days) 2/
Bill
1/11/77
5/15/81-D
1/31/782/15/83-A
2/8/77
2/15/79-H
5/15/2000-05 Reopening
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
1/13/^6
1/26/76
2/2/76
2/17/76
2/10/75
2/17/76
2/17/76
5.573%
7-3/8%
6^3/8%
2/20/76
3/3/76
3/5/76
3/18/76
6/
3/24/76
3/29/76
3/3/75
3/9/76
3/17/76
3/31/75
4/1/76
4/5/75
4/6/76
^5/8%
4/29/76
5/4/76
5/5/76
5/7/76
5/4/75
5/17/76
5/17/76
Bill
Note
Note
5A7/76
5.545%
6^1/2%
7-7/8%
7-7/8%
Bond
5/3/77
4/30/78-L
5/15/86-A
2/15/95-2000-Reopenlng
5/19/76
5/26/76
6/7/76
6/3/76
6/1/75
6/1/76
5/8/75
5/10/75
7-1/8%
5. 309%
5.520%
7-5/8%
Note
Bill
Bill
Note
5/31/7 8-M
5/31/77
6/17/76-Reopenlng
6/30/80-D
6/23/76
6/21/75
6/29/76
6/29/76
6/30/76
7/9/76
5.081%
6^7/8%
7-5/8%
Bill
Note
Note
6/28/77
6/30/7 8-N
8/15/81-F
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
7/27/76
7/30/76
8/15/76
8/16/76
8/15/75
8/24/76
5.739%
5^7/8%
£^7/8%
Bill
Note
Note
Note
Bond
Bill
7/25/77
7/31/788/15/7 9-J
8/15/86-B 1/
8/15/1996-2001
8/23/77
8/31/76
9/14/76
10/1/76
9/21/76
9/30/76
10/12/76
^5/8%
Note
Note
Note
Bill
Note
Note
8/31/7S-Q
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
10/19/76
11/1/76
11/15/75
11/15/76
11/15/75
11/15/75
5.126%
5-7/8%
6^1/4%
7%
7-7/8%
5.201%
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
11/30/75
12/7/75
12/10/76
12/14/76
12/31/75
1/06/77
1/11/77
2/03/77
2/15/77
2/oey77
2/15/77
2/15/77
5-3/4%
5-7/8%
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%
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
ll/30/78-T
12/31/804/21/77-Reopening
12/13/77
12/31/78-U
2/15/821/10/78
1/31/792/15/80-0
2/07/78
Bond
2/15/2002-07
2/17/77
2/23/77
3/2/77
3/22/77
3/29/77
3/30/77
6/
4/1/77
4/19/77
4/27/77
5/3/77
5/4/77
2/28/77
3/8/77
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Bill
Note
2/28/79-M
3/31/81-H
3/31/77
4/4/77
4/5/77
4/1/77
4/6/77
5/2/77
5/3/77
5/16/77
5/16/77
5-7/8%
6-7/8%
5.225%
6%
7%
5.158%
1-1/2%
4.632%
5-7/8%
5.153%
7-1/4%
7-5/8%
Bond
3/7/78
3/31/79-N
5/1 5/824/4/78
4/1/82-EA
4/21/77-Reopening
4/30/795/2/78
2/15/84- A-Reopening
2/15/2002-2007-Reopening
5/18/77
5/24/77
5/25/77
5/31/77
6/3/77
5/31/77
6-1/8%
6-3/4%
5.403%
Note
Note
Bill
5/31/79-Q
6/30/81-J
5/30/78
6/03/77
6/21/77
6/22/77
6/28/77
6/07/77
6/30/77
6/28/77
7/08/77
5.240%
6-1/8%
5.408%
7-1/4%
Bill
Note
Bill
6/16/77-Reopen ing
5/30/7 9-H
6/27/78
8/15/92
7/19/77
7/20/77
8/01/77
7/26/77
6-1/4%
5.647%
8/02/77
8/03/77
8/04/77
8/17/77
8/15/77
8/15/77
8/15/77
S/23/77
8/19/76
8/31/76
6/
9/15/76
9/21/76
9/28/76
Period to final
matui'ity
(years, months,
V8/77
8%
5.572f.
7%
8-1/4%
5.010%
7-1/2%
6^3/4%
1-1/2%
7-3/8%
5.781%
5.634%
6-7/8%
1-1/2%
5.561%
6-1/4%
7%
Note
Note
Note
Bill
Note
Bond
Note
Bill
Note
Note
Note
Note
Bill
BUI
Note
Note
Note
Bond
Bill
Bond
V
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
V
9/30/8OE
lO/l/81-EO
9/20/77
9/30/7 8-R
11/15/81-G
10/18/77
10/31/78-S
ll/15/79-K
11/15/832/15/95- 2000-Heopening
11/15/77
2A5/84-A
2y
7y
3y
29y
3n)
ly
9in
4y
2y
5y
4y lO-l/2m
Jum
1980
33
PUBLIC DEBT OPERATIONS.
Table
PD04.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
Treasury Bulletin
34
.PUBLIC
Table PDO-4.
-
DEBT OPERATIONS.
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills— Continued
June 1980
35
.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.
For bill issues, always sold at auction, the rate shown is the equi1_/
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.
From date of additional issue in case of a reopening.
2^/
reopenings
the
amount Issued is in addition to the amount of
In
3/
original offerings.
A/ For securities exchanged for the new issues see Table PDO-7.
Sold at fixed price by subscription.
5/
^/ Exchange offering available to owners of nonmarketable 2-3/47„ 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-1.
Yields accepted ranged from 7.357. (price 100.108) up to 7.42% (price
7_/
99.806) with the average at 7.407. (price 99.892).
8/ Yields accepted ranged from 6.417. (price 99.935) up to 6. 51% (price
99.751) with the average at 6.497. (price 99.788).
9/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.007.).
10/
Yields accepted ranged from 7.007. (price 100.000) up to 7.097. (price
99.761) with the average at 7.057. (price 99.867).
Prices accepted ranged from 102.14 (yield 8.057.) down to 101.42
11 /
(yield 8.127.) with the average at 101.75 (yield 8.097.).
12 /
Yields accepted ranged from 6.577. (price 100.039) up to 6.647. (price
99.925) with the average at 6.627. (price 99.957).
Yields accepted ranged from 7.507. (price 99.990) up to 7.557, (price
13 /
99.818) with the average at 7.547. (price 99.853).
14 /
Yields accepted ranged from 6.717. (price 100.074) up to 6.807, (price
99.908) with the average at 6.767. (price 99.982).
15 /
Yields accepted ranged fron 7.357. (price 100.101) up to 7.397. (price
99.940) with the average at 7.387. (price 99.980).
16 /
Yields accepted ranged from 6.597. (price 99.837) up to 6.637, (price
99.765) with the average at 6.617, (price 99.801).
17 / All accepted subscriptions were awarded at the price of 100.00
(yield 7.8757.).
Prices accepted ranged from 97.50 (yield 8.117.) to 96.36 (yield
18/
8.227.) with the average at 96.73 (yield 8.197,).
Yields accepted ranged from 7.087. (price 100.082) up to 7.197.
12/
(price 99.881)with the average at 7.167. (price 99.936).
Yields accepted ranged from 7.687, (price 99.796) up to 7.737.
20/
(price 99.625) with the average at 7.717. (price 99.693).
21 /
Yields accepted ranged from 6.967. (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).
23/ 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).
Yields accepted ranged from 6.88% (price 99.987) up to 6.92% (price
24/
99.880) with the average at 6.91% (price 99.907).
All accepted subscriptions were awarded at the price of 100.00 (yield
25/
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 99.9J7).
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).
Yields accepted ranged from 6.27% (price 99.963) up to 6.327. (price
29/
99.870) with the average at 6.30% (99.907).
Yields accepted ranged from 7.02% (price 99.894) up to 7.10% (price
30/
99.557) with the average at 7.08% (price 99.641).
31 /
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).
32 /
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).
33/
Yields accepted ranged from 7.00% (price 100.000) up to 7.02% (price
99.891) with the average also at 7.02%.
Prices accepted ranged from 101.05 (yield 7.77%) down to 100.58
34 /
(yield 7.82%) with the average at 100.79 (yield 7.80%).
35 /
Yields accepted ranged from 5.76% (price 99.981) up to 5.94% (price
99.647) with the average at 5.86% (price 99.795).
36/
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).
Yields accepted ranged from 5.29% (price 99.925) up to 5.38% (price
37/
99.757) with the average at 5.37% (price 99.775).
38/
Yields accepted ranged from 6.15% (price 99.872) up to 6.20% (price
99.655) with the average at 6.19% (price 99.699).
39/
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).
Yields accepted ranged from 7.21% (price 100.217) up to 7.27% (price
41_/
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 99.805).
44/
45/
46/
47/
48/
49 /
50 /
51/
52/
53/
54/
55/
56/
57/
58/
59/
60/
61/
62/
63 /
54/
65/
65 /
57/
68/
59/
70/
71./
72 /
73/
74/
75/
76 /
77/
78/
_79/
80/
31/
82/
83 /
84/
85/
86/
87/
88/
Yields accepted ranged from 6.857. (price 100.074) up to 6.90% (price
99.898) with the average at 6.88% (price 99.968).
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).
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).
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).
Prices accepted ranged from 100.00 (yield 7.24%) down to 99.76 (yield
7.29%) with the average at 99.81 (yield 7.28%).
Prices accepted ranged from 98.54 (yield 7.757,) down to 98.13 (yield
7.78%) with the average at 98.25 (yield 7.77%).
Yields accepted ranged from 6.207. (price 99.861) up to 6.257. (price
99.768) with the average at 6.23% (price 99.805).
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).
Yields accepted ranged from 5.ir/,(price 100.028) up to 5.14% (price
99.972) with the average at 6.14% (price 99.972).
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).
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).
Yields accepted ranged from 6.78% (price 99.920) up to 6.85% (price
99.733) with the average at 6.84% (price 99.760).
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).
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%).
Yields accepted ranged from 6.65% (price 99.954) up to 6.68% (price
99.899) with the average also at 6.68%.
Yields accepted ranged from 6.80% (price 99.811) up to 6.85% (price
99.636) with the average at 5.84% (price 99.671).
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).
Yields accepted ranged from 7.15% (price 99.875) up to 7.20% (price
99.556) with the average at 7.18% (price 99.750).
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).
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).
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).
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).
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).
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).
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).
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).
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).
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).
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%).
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%).
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).
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).
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).
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).
Yields accepted ranged from 7.75% (price 100.000) up to 7.82% (price
99.873) with the average at 7.80% (price 99.909).
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).
Prices accepted ranged from 99.23 (yield 8.45%) down to 98.91 (yield
8.48%) with the average at 99.02 (yield 8.47%).
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).
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).
Yields accepted ranged from 8.25% (price 100.000 up to 8.33% (price
99.855) with the average at 8.32% (price 99.873).
Yields accepted ranged from 8.62% (price 100.008) up to 8.63% (price
99.924) with the average also at 8.63%.
Yields accepted ranged from 8.52% (price 99.964) up to 8.52% (price
99.784) with the average at 8.51% (price 99.802).
Yields accepted ranged from 8.44% (price 99.831) up to 8.47% (price
99.753) with the average at 8.46% (price 99.779).
Yields accepted ranged from 8.28% (price 99.843) up to 8.41% (price
99.166) with the average at 8.35% (price 99.426).
Yields accepted ranged from 8.37% (price 100.055) up to 8.46% (price
99.079) with the average at 8.43% (price 99.402).
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to
89/
PDO-4— Continued
June 1980
37
.PUBUC DEBT OPERATIONS,
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
1980
7-5/87.
Note
6/30/80-D
-1/47.
Note
6/30/80-Q
7/31/80-R
8-1/27.
6-3/47.
Note
-
8/1S/80-H
8-3/87.
Note
-
8/31/80-S
6-7/87.
8-5/87.
Note
Note
-
9/30/80-E
9/30/80-T
-7/87.
Note
-
10/31/80-U
7-1/87.
Note
-
11/15/80-J
9-1/47.
Date of
financing
Amount issued
( In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
38
Treasury Bulletin
.
PUBUC DEBT OPERATIONS
,
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Descr
June 1980
39
.PUBUC DEBT OPERATIONS,
Table PDO-6. - Umnatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of
Treasury Bulletin
40
.PUBUC DEBT OPERATIONS
,
Table PDO-6. - Unmatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Description of
,
June 1980
41
.PUBUC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Description o
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.
-
Other than Bills i/-Continued
(In millions of dollars)
Issues
June 1980
43
— PUBLIC
DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
1'
-Continued
u
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other than Reguljtr Weekly Series
June 1980
45
.PUBLIC DEBT OPERATIONS.
Table PDO-7.
-
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
46
Treasury Bulletin
.PUBLIC
Table PDO-7.
-
DEBT OPERATIONS.
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
Called or maturing securities
Date of
refunding
or retirement
Description
Issue
date
Disposition offers
by Treasury
ly'
Amount
outstanding
Cash
retire-
Exchange
secvirity
offered
5/n/78
6/27/78
6/30/78
7/25/78
7/31/78
8/15778
8/15/78
8/22/78
8/J1/78
7-1/8*
5.408%
6-7/8%
5.648X
6-5/3)!
Note
Bill
Note
Bill
Note
87-'
6-5/81!
Note
Q/19/78
Q/30/78
10/1/78
6.156?:
Bill
6-1/4%
1-1/255
Note
Note
10/17/78
10/31/78
6.6197.
5-7/87.
Bill
Note
H/l'./78
11/15/78
11/30/78
6.5427.
Bill
57.
Note
Note
12/12/78
12/31/78
12/31/78
1/09/79
1/31/79
2/6/79
2/15/79
5-3/47.
6.54 5;.
8-1/87.
5-1/47,
6.5527.
Bill
Note
Note
Bill
77.
Note
Bill
Note
5-7/87.
Note
5-7/87.
6.8147.
2/28/79
3/6/79
6.8597.
3/31/79
67.
VOl/79
^03/79
1-1/2%
6.377%
4/30/79
5-7/87.
Note
Note
Bill
Note
5/1/79
7.0737.
Bill
5/15/79
7-7/87.
Note
5/29/79
Bill
-
Results of exchange offers
Turned
F^xchanged
in for
cash 2/
Descrip-jion of new
securities offered
(See also Table PD0-.4)
June 1980
47
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Bureau of the Public Debt.
Source:
Original call and maturity dates are used.
1/
All by investors other than Federal Reserve banks.
2/
Exchanged by Federal Reserve banks and Government nccounts for $368
3/
million of 77. notes of Series H-197'), $1,939 million, of 37. notes
of Series A-1983 and $215 million of 8-1/47. bonds of 2000-05 issued
February 17, 1976.
i*/
Exchanged by Federal Reserve banks and Government accounts for 77.
notes of Series H-1979 issued February 15, 1976.
Exchanged by Federal Reserve banks and Government accounts for 6-3/47.
5/
notes of Series K-1978. issued March 31, 1976.
Exchanged by Federal Reserve banks and Government accounts for $276
6/
million of 7-7/87. notes of Series A-1986 issued 5/17/76 and $85
million of 7-7/87. bonds of 1995-2000 issued May 17, 1976.
Exchanged by Federal Reserve banks and Government accounts for $300
7/
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.
Exchanged by Federal Reserve banks and Government accounts for 7-1/87.
8/
notes of Series M-1978 issued June 1, 1976.
Exchanged by Federal Reserve banks and Government accounts for 6-7/87.
9/
notes of Series N-1978 issued June 30, 1976.
Exchanged by Federal Reserve banks and Government accounts for $700
10/
million of 6-7/87. notes of Series J-1979, $60 million of 87. notes of
Series B-1986, and $342 million 87. bonds of 1996-2001 Issued August 16,
33 /
3A/
35/
36/
W
1978.
38/
39/
40/
41
/
42 /
43/
1976.
11 /
12 /
13/
14/
15/
16 /
17/
18 /
19 /
20 /
21
/
22/
23 /
24 /
25 /
26/
27 /
28 /
29 /
30 /
31 /
32 /
Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 87. notes of Series B-1986 and $250 million of 87. bonds of
1996-2001 issued August 16, 1976.
Exchanged by Federal Reserve banks and Government accounts for 6-5/8°-;
notes of Series Q-1978 issued August 31, 1976.
Exchanged by Federal Reserve banks and Government -icco',jnts for 6-1/47.
notes of Series R-1978 issued September 30, 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-7/87.
notes of Series S-1978 issued November 1, 1976.
Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-1/47. notes of Series K-1979 and $50 million of 77.
notes of Series B-1983 issued November 15, 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-3/47.
notes of Series T-1978 issued November 30, 1976.
Exchanged by Federal Reserve banks .-ind Government accounts for 5-1/47.
notes of Series U-1978 issued December 31, 1976.
Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/27. notes of Series C-1980, $881 million of 7-1/47. notes
of series A-1984 and $391 million of 7-5/87. bonds of 2002-2007 issued
February 15, 1977.
Exchanged by Federal Reserve banks and Government account-^ for 5-7/87.
notes of Series M-1979 issued February 28, 1977.
Exchanged by Federal Reserve banks and Government accounts for 67.
notes of Series N-1979 issued March 31, 1977.
Exchanged by Federal Reserve banks and Government accounts for 5-7/87.
notes of Series P-1979 issued May 2, 1977.
Exchanged by Federal Reserve banks and Government accounts for 7-5/87.
bonds of 2002-2007 issued May 16, 1977,
Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 7-1/47. notes of Series A-1984 and $373 million of 7-5/87.
bonds of 2002-2007 issued May 16, 1977.
Exchanged by Federal Reserve banks and Government accounts for 6-1/87.
notes of Series Q-1979 issued May 31, 1977.
Exchanged by Federal Reserve banks and Government accounts for 6-1/87.
notes of Series R-1979 issued June 30, 1977.
Exchanged by Federal Reserve banks and Government accounts for 6-1/47.
notes of Series S-1979 issued August 1, 1977.
Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/47. notes of Series H-1980, $300 million of 7-1/47.
notes of Series B-1984, and $199 of 7-5/87. bonds of 2002-07 Issued
August 15, 1977.
Exchanged by Federal Reserve banks and Goverimient accounts for 6-5/87.
notes of Series T-1979 issued August 31, 1977.
Exchanged by Federal Reserve banks and Government accounts for 6-5/37.
notes of Series U-1979 Issued September 30, 1977.
Exchanged by Federal Reserve banks and Government accounts for 7-1/47.
notes of Series V-1979 Issued October 31, 1977.
Exchanged by Federal Reserve banks and Government accounts for $625
million of 7-1/87. notes of Series J-1980, $373 million of 7-5/87. notes
of Series A-1987 and $240 million of 7-7/87. bonds of 2002-07 issued
November 15, 1977.
Exchanged by Federal Reserve banks and Government accounts for 7-1/87.
notes of Series W-1979 issued November 30, 1977.
Exchanged by Federal Reserve banks and Government accounts for 7-1/27.
notes of Series X-1979 issued January 3, 1978.
Exchanged by Federal Reserve banks and Government accounts for 7-1/27.
notes of Series K-19a0 Issued January 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for $1,000
million of 7-1/27. notes of Series M-1981, $200 million of 87. notes
of series A-1985, and $771 million of 8-1/47. bonds of 2000-05 Issued
February 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 7-5/87,
notes of Series L-1980 Issued February 28, 1978.
Exchanged by Federal Reserve banks and Government accounts for an
additional amounts of 7-1/27. notes of Series C-1980 Issued March 31,
44 /
45 /
46/
47/
48/
49 /
50 /
51/
52/
22'
54/
55 /
56/
W
58/
59 /
60/
61_/
62/
63/
64/
65/
Exchanged by Federal Reserve banks and Government accounts for 7-3/47.
notes of Series N-1980 issued May I, 1978.
Exchanged by Federal Reserve banks and Government accounts fo. $59
million of 8-1/47. notes of Series A-l''88 and $895 million of 8-3/87.
bonds of 1995-2000 issued May 15, 19J8.
Exchanged by Federal Reserve banks and Government accounts for 8-1/47.
notes of Series A-1988 issued May 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 87. notes
of Series P-1980 issued May 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-1/47,
notes of Series Q-1980 Issued June 30, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-1/27.
notes of Series R-1980 Issued July 31, 1978.
Exchanged by Federal Reserve banks and Goveriunent accounts for $34
million of 8-1/47. notes of Series B-1985 and $600 million of 8-3/87.
bonds of 2003-2008 Issued August 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for $1,200
million of 8-3/87. notes of Series N-19S1 and $1,400 million of 8-l/«7.
notes of Series B-1985 Issued August 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-3/87.
notes of Series S-1980 Issued August 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-5/87,
notes of Series T-1980 issued October 2, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-7/87.
notes of Series U-1980 Issued October 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for $978
million of 9-1/47. notes of Series K-1982, $931 million of 8-3/47.
notes of Series B-1988, and $678 million of 8-3/47. bonds of 2003-08
issued November 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 9-1/47,
cotes of Series V-1980 Issued November 30, 1978.
Exchanged by Federal Reserve banks and Government accounts iqr $450
million of 9-7/87. notes of Series W-1980 and $192 million of notes
of Series I.-1982 issued January 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/87.
notes of Series L-1982 issued January 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47,
notes of Series P-1981 Issued January 31, 1979.
Exchanged by Federal Reserve banks and Govenmient .iccounts for $931
million of 97. notes of Series B-1987 and $800 million of 8-3/47. bonds
of 2003-08 issued February 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47.
notes of Scries Q-1981 Issued February 28, 1979;
Exchanged by Federal Reserve banks and Government accounts for 9-5/87.
notes of Series R-19ei issued April 9, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47.
notes of Series S-1981 issued April 30, 1979.
Exchanged by Federal Reserve banks and Government accounts for $35C
million of 9-1/47. notes of Series A-1989 and $200 million of 9-1/87.
bonds of 2004-09 issued May 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47.
notes of Series T-1981 Issued May 31, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-1/87.
notes of Series U-1981 Issued July 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for $93
million of 9-1/87. notes of Series D-1981 and $203 million of 8-7/87.
notes of Series E-1983 issued July 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/87.
notes of Series V-1981 issued July 31, 1979.
Exchanged by Federal Reserve banks and Government accounts for 97.
notes of Series M-1982 issued August 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for $106
million of 97. notes of Series M-1982, $500 million of 97. notes of
Series B-1987, and $396 million of 9-1/87. bonds, of 2004-09 issued
August 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-5/87.
notes of Series W-1981 issued August 31, 1979.
Treasury Bulletin
48
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)
June 1980
49
.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)
Securities
1978-Har.- Continued
Certificates of indebtness.
Apr
Bills.
Issue
date
Maturity
date
Interest
rate
(percent)
3/09/78
3/13/78
3/13/78
3/14/78
3/15/78
H/15/73
3/15/78
3/16/78
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
3/30/78
6/09/78
6/13/78
6/13/78
6/14/78
6/15/78
6/15/78
6/15/78
6/16/78
6/16/78
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
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
7/19/72
10/29/76
3/22/78
3/22/78
4/28/78
2/15/85
5.95
5.80
7.90
10/13/77
10/13/77
4/13/78
4/13/78
4/13/78
4/13/78
10/12/78
10/12/78
1/03/78
1/05/78
1/05/78
1/05/78
1/06/78
1/09/78
1/09/78
1/10/78
1/10/78
1/12/78
1/12/78
1/13/78
1/13/78
1/13/78
1/16/78
1/16/78
1/17/78
1/17/78
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
4/05/78
4/05/78
7/05/78
4/06/78
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
4/17/78
4/17/78
4/17/78
4/17/78
4/17/78
4/24/78
4/25/78
4/25/78
4/26/78
4/26/78
4/26/78
4/26/78
Total outstanding
end of month
46
28
30
18
137
137
33
23
49
49
16
14
24
8
59
27
14
14
84
500
37
.
Certificates of indebtedness.
40
216
7/03/78
7/05/78
7/05/78
7/05/78
7/05/78
7/06/78
7/06/78
7/10/78
7/10/78
7/10/78
7/10/78
7/10/78
7/12/78
7/12/78
7/13/78
7/13/78
7/13/78
7/13/78
7/17/78
7/17/78
7/17/78
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
6.35
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
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
6.30
6.30
6.30
4/07/72
10/29/76
4/07/78
4/07/78
4/28/78
3/31/85
6.20
5.80
8.05
11/10/77
5/11/78
5/11/78
U/9/78
3
6.15
6.15
6.15
6.45
6.15
6.15
6.15
6.70
6.70
6.70
5.70
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
4/03/78
4/04/78
4/04/78
4/05/78
4/05/78
4/06/78
4/06/78
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
4/13/78
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
4/26/78
4/26/78
May
Bills.
40
209
27
40
27
9
89
89
38
38
73
73
49
110
110
43
43
17
29
29
18
15
15
17
3
35
35
27
40
89
89
38
38
73
73
49
110
110
48
17
43
43
17
29
29
18
15
15
8
8
19
400
29
50
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Non marketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Issue
date
1978-Mav Continued
Certificates of indebtednes
Notes
June
Bills
Certificates of indebtedness
Ha tur i ty
date
Interest
rate
(percent)
2/01/78
2/01/78
2/02/78
2/14/78
2/14/78
2/14/78
2/14/78
2/16/78
2/16/78
2/16/78
2/17/78
2/17/78
2/21/78
2/21/78
2/21/78
5/02/7S
5/02/78
5/02/78
5/16/78
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
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
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
2/27/78
2/27/78
2/28/78
2/28/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3/13/78
3/13/78
3/14/78
3/15/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
4/10/78
4/12/78
4/13/78
4/17/78
4/17/78
4/25/78
4/26/78
4/26/78
5/02/78
5/02/78
5/02/78
5/02/78
5/02/78
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
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
6/06/78
6/06/78
6/07/78
6/08/78
6/09/78
6/13/78
6/13/78
6/14/78
6/15/78
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/7S
7/10/78
7/12/78
7/13/78
7/17/78
7/17/78
7/25/78
7/26/78
7/26/78
8/02/78
8/02/78
8/02/78
8/02/78
8/02/78
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
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5.50
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
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
10/29/76
7/28/78
5.95
3/30/78
3/30/78
6/22/78
6/29/78
3/02/78
3/02/78
3/15/78
3/15/78
3/16/78
3/16/78
3/23/78
3/28/78
3/29/73
3/29/78
3/30/78
5/16/78
6/02/7R
6/02/78
6/15/78
6/15/78
6/16/78
6/16/78
6/23/78
6/28/78
6/29/78
6/29/78
6/30/78
8/16/78
Total outstanding
end of month
3
3
45
5
5
2
19
21
61
61
17
17
16
11
13
46
46
32
32
45
9
9
12
12
12
36
62
21
46
28
30
18
33
23
14
16
38
73
110
43
29
15
8
19
3
3
3
45
45
5
23
5
5
61
61
17
17
46
32
32
350
300
6.45
6.45
6.30
6.30
6.30
6.30
6.20
6.35
6.35
6.35
6.35
6.35
45
45
137
137
49
49
33
27
14
14
84
38
June 1980
51
.PUBLIC DEBT OPERATIONSTable PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
Treasury Bulletin
52
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmsirketable)
Issued to Official Institutions of Foreign Countries— Continued
53
June 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries-Continued
(Payable to U.S. dollars; dollar amounts in millions)
34
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
June 1980
55
.PUBLIC DEBT OPERATIONS,
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
Treasury Bulletin
36
.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)
June 1980
57
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)
Treasury Bulletin
58
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)
Securi ties
197<j-Julv- Continued
Certificates of indebtedness.
Issue
date
Maturity
date
7/24/79
7/25/79
7/26/79
7/30/79
10/24/79
10/25/79
10/26/79
10/30/79
7/19/72
12/12/77
8/08/78
8/09/78
7/16/79
7/31/79
7/16/79
7/31/79
7/31/79
7/31/79
7/31/86
4/30/80
6/22/79
6/25/79
7/18/79
8/14/79
9/21/79
9/25/79
10/18/79
11/14/79
9/06/77
12/12/77
8/15/79
8/31/79
6/27/79
6/28/79
9/18/79
9/27/79
6/25/79
6/26/79
6/27/79
6/28/79
6/29/79
9/25/79
9/26/79
9/27/79
9/28/79
9/28/79
9/07/79
9/10/79
9/11/79
9/12/79
9/14/79
9/17/79
9/20/79
9/21/79
9/21/79
9/21/79
9/24/79
9/24/79
9/24/79
12/07/79
12/10/79
12/11/79
12/12/79
12/14/79
12/17/79
12/20/79
12/21/79
12/21/79
12/21/79
12/27/79
12/27/79
12/27/79
9/24/79
9/25/79
9/25/79
9/25/79
9/25/79
9/25/79
9/25/79
9/26/79
9/27/79
9/28/79
9/28/79
12/27/79
12/27/79
12/27/79
12/27/79
12/27/79
12/27/79
12/27/79
12/27/79
12/27/79
12/28/79
12/28/79
10/05/78
10/06/78
12/12/77
9/30/79
9/30/79
9/30/79
4/12/79
10/25/79
10/25/79
10/31/79
lO/U/79
Aug.
Certificates of indebtedness.
Notes
Sept
Bills
.
Certificates of indebtedness
Oct
Bills.
.
Certificates of indebtedness.
7/03/79
3/03/80
4/01/80
6/19/80
Interest
rate
(percent)
Total outstanding
end of month
59
June 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
60
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
Issued
to
-
Official
Foreign Series Securities (Nonmarketable)
Institutions of Foreign Countries — Continued
(Payable in U.S. dollars; dollar amounts in millions)
Issue
date
Maturity
Certificates of indebtedness.
1/04/80
1/04/80
1/04/80
1/07/80
1/22/80
1/22/80
1/24/80
1/24/80
1/25/SO
1/25/80
1/28/80
1/30/80
4/08/80
Notes
1/14/80
Securities
date
1Q80-Jan. -Continued
Feb
Bills
Certificates of indebtedness
02/11/80
02/11/80
11/14/79
12/07/79
12/07/79
12/10/79
12/10/79
12/11/79
12/11/79
01/25/80
01/28/80
01/28/80
01/28/80
01/30/80
01/30/80
01/30/80
02/08/80
02/14/80
02/14/80
02/14/80
Notes
Mar
Bills
Certificates of indebtedness
08/01/77
10/25/79
3/04/80
12/05/79
12/11/79
12/12/79
12/13/79
12/14/79
12/14/79
12/14/79
12/17/79
12/20/79
12/20/79
12/21/79
12/21/79
12/21/79
12/27/79
12/27/79
12/28/79
12/28/79
12/28/79
12/31/79
1/02/80
1/03/80
1/04/80
1/07/80
1/07/80
1/07/80
2/08/80
2/08/80
2/08/80
3/05/80
3/05/80
3/05/80
3/10/77
3/15/77
9/07/77
Interest
rate
(percent)
Total outstanding
end of month
June 1980
61
.PUBUC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutioiis of Foreign Countries-Continued
Treasury Bulletin
62
.PUBLIC
Table PDO-9.
-
DEBT OPERATIONS.
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
> ne 1980
63
PUBLIC DEBT OPERATIONS.
Table PDO-10.
-
Foreign Currency Series Securities
Issued to Residents of Foreign Countries
(Dollar amounts in millions)
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Scries E, EE and Scries HH are
currently sold.
Series EE January
since January
1,
1,
1980
1941.
1,
1941,
and Series HH has been on sale
Series A-D were sold from
1980.
1935 ttrrough April 30,
March
Series F and G were sold
May 1,1941 through April 30, 1952.
1,
the only savings bonds
Series E has been on sale since May
Series
H
1,
from
sold from June
1952 through
December 31, 1979.
Scries J and K were sold from May
through April 30, 1957.
-
in the Treasury Bulletins of April 1951, May 1951, May 1937,
October and December 1959, May and October 1961, June 1968,
and September 1970; and the Annual Report of the
Sales and Redemptions by Series, Cumulative through
(In millions of dollars)
Footnotes at end of Table SB-4.
1952
issues, interest yields, maturities, and other terms appear
Secretary
of the Treasury for fiscal years 1966 through 1977,
Table SB-1.
1,
Details of the principal changes in
May
31,
1980
June 1980
65
UNITED STATES SAVINGS BONDS,
Table SB-3.
-
Sales and Redemptions by Periods, Series
E
through
K
66
Treasury Bulletin
-UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K— Continued
3/
(In millions of dollars)
Redemptions
Sales 1/
Fiscal years;
1941-70
Accrued
discount
Sales plus
accrued
discount
Sales
price 4/
J_/
Accrued
discount
Exchange of
E bonds for
H bonds
W
Amount
outstanding
{ interestbearing debt)
June 1980
67
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
3/
(In millions of dollars)
Unclassified
Series E
and H
Fiscal years
1951-64
1965
1966
1967
1968
1969
1970
Series
8/
E
and H
:
87,140
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
7,747
10,975
39,488
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
3,578
3,157
5,654
22,025
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
3,153
5,651
17,463
246
280
412
260
143
122,280
6,295
5,244
5,365
6,210
6,833
6,291
6,771
7,110
8,200
12,326
54,505
2,841
2,022
2,053
2,508
2,627
2,481
3,275
2,556
3,129
6,459
34,131
2,827
2,014
2,047
2,505
2,622
2,481
3,275
2,556
3,125
20,372
1979-May
June
964
880
July
Aug
Sept
Oct
Nov
-391
-121
172
99
48,043
3,284
3,300
3,351
3,401
3,565
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
4,690
4,927
38,949
3,165
3,196
3,273
3,376
3,560
3,842
3,560
3,317
3,393
3,847
3,776
3,772
891
3,487
4,590
4,927
55,842
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
5,071
5,709
254
-431
-83
-24
123
417
-145
6,448
67,50 7
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
5,071
5,709
548
505
548
504
463
446
463
446
-47
466
393
558
463
646
581
466
393
557
416
317
416
317
587
587
463.
Dec
908
985
898
1,192
1,295
1,003
646
575
447
535
473
447
535
473
275
-247
282
114
-52
1980-Jan
Feb
Mar
Apr
May
2,240
1,729
2,416
2,515
1,334
575
664
1,032
575
664
1,037
n.a.
n.a.
491
389
446
n.a.
n.a.
491
389
446
n.a.
n.a.
1,174
550
938
n.a.
n.a.
1971
1972
1973
1974
1975
1976
T.O
1977
1978
1979
Calendar years
1951-69
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
29
9
7
5
5
-1
4
3
1
4
3
15
8
6
3
5
9,094
118
104
79
25
5
33
213
115
-725
-23
67
104
198
Month :
Source:
Monthly statement of the Public Debt of the U.S.; Office of Market Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at current redemption value. .Series G,H, and K 'are included a"t 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 1950; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E' bonds for
Series H bonds, which are reported in Table SB-3.
2/
Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
3/ Series E and H sales and redemptions include unclassified
Series EE and HH.
4/
Because there is a normal lag in classifying redemptions, the distributions of redemption between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
n.a.
n.a.
_5/
b^/
-71
25
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 arid G sales werd 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 3-1/47.
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/47. marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 47. marketable bonds
of 1969.
Includes exchanges of Series 1960 F and G bonds for 3-7/87. marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/87.
marketable bonds of 1971 and 47. marketable bonds of 1980.
^/ Represents changes in the amounts of redemptions not yet classified
between matured and unmatured Issues.
* Less than $500,000.
n.a.
Not available.
7/
68
Treasury Bulletin
.UNITED STATES SAVINGS NOTES
1967
The principal terms and conditions for purchase and re-
The notes were eligible for purchase
demption and information on investment yields of savings notes
the simultaneous purchase of Series E
appear in the Treasury Bulletins of March 1967 and June 1968;
United States savings notes were on
through June 30, 1970.
by
individuals
with
.
sale
May
1,
and in the Annual Report of the Secretary of the Treasury for
savings bonds.
fiscal year IQ74,
Table SN-1.
-
Sales and Redemptions by Periods
(In millions of dollars)
69
June 1980
.OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Type of Issues
(In millions of dollars)
.
...
I
,,,
-
10
Treasury Bulletin
-OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
-
Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonbank investors
End of
month
Total
Commer-
pr iva tely
cial
banks
held
Individuals 3/
Other
secuSeries
E
1939-Dec..,
1946-Feb..,
Dec .
1956-June.,
Dec. .
1957-June.,
.
,
Dec,
1958-June.,
Dec. .
1959-June.,
Dec. .
1960-June.,
Dec.
1961-June.,
Dec.
1962-June..
Dec.
196i-June.,
Dec. ..
1964 -June.,
.
.
.
Dec,
1965-June,
Dec
1966-June.
Dec.
1967-June.
Dec.
1968-June.
.
.
Dec
1969-June.
Dec.
.
l')70-June.
Dec
1971-June.
Dec.
1972-June.
Dec.
1973-June.
Dec.
.
197A-June.
Dec.
.
1975-June.
Dec.
1976-June.
Dec.
1977-June.
Dec.
.
1978-Jan.
Feb.
Apr..
May.,
June.
July.
.Aug..
Sept.
Oct..
Nov.
Dec
.
.
Jan.
1979-Feb.
Mar..
Apr.
May . .
June
.
July.
Aug..
Sept.
Oct,.,
Nov..
Dec,
.
1980-Jan..
Feb...
Mar..
Apr.p,
231.6
Mutual
and H
Other
Series
ri ties
''
Insurance
companies
savings
banks
Corporations kl
State
and
local
governments
Foreign
and in tern
national
5/
Other
investors
6/
j
71
June 1980
-TREASURY SURVEY OF OWNERSHIPAPRIL
30,
The monthly Treasury Survey of Ownership covers securities
issued by the United States Government, Federal agencies, Fed-
erally-sponsored agencies, and the District of Columbia.
1980
Uons
in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions.
and,
The similar proportion for corporations
for savings and loan associations is 50 percent, and for
State and local governments, AO percent.
Data were first pub-
Holdings by commercial banks distributed according
t
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31.
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas-
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan assocla-
the March 1954 Bulletin.
Table TSO-1.
-
Summary
of Federal Securities
Treasury Bulletin
12
TREASURY SURVEY OF OWNERSHIP
April
Table TSO-2.
-
30,
1980
Interest-Bearing Marketable Public
Debt
Securities
by Type and Maturity Distribution
(P^r values
in
-
millions of dollars)
overed in Treasury Survey
Held by investor
Classification
Total
amount
outstanding 1/
U.S. Government accounts and
Federal
Reserve
banks
Insurance co
cial
banks
savings
banks
2/
II
State and local
governments
48!
savings
288
life
""
fire,
casualty,
and
all
other
inves-
31!
and loan
assoc iations
Held by
genera
funds
tors 3/
By type security :
Issued by U.S. Government;
Treasury bills
Treasury notes
Treasury bonds
1<)5,296
291,831
77,741
46,336
58,833
24,415
93
873
1,575
286
,104
2,655
183
2,294
4,915
1.113
3,572
6,113
1,346
434
1,617
4,613
135,195
149,342
39,413
323,950
Total
By maturity distribution
Call classes (due or first
:
becoming callable):
Within 1 year
to 5 years
1
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
271,131
177,038
58,386
22,007
9,414
26,893
Total
Maturity classes (final
maturity):
Within I year
1
to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Total
64,528
33,059
16,206
18,865
38,962
7,470
981
3,991
700
3
156
,
1,548
3,715
2,673
686
344
109
1,2S)
8,101
129,565
71
1,078
1,749
175
j.t.ll
.825
432
3,549
5.H4
991
504
100
141
26 5
234
-
208,964
178,231
53,790
21,700
9,054
33,130
63,964
35,277
13,679
4,284
3,330
18,752
39,019
7,451
819
786
1,609
485
106
558
607
348
1,443
3,782
2,563
643
319
U,05l
1,354
66
69
151
589
116
338
564,869
129,585
67,715
267
1,051
1,770
160
4,126
2,880
393
5,542
3,572
931
476
169
34
20
13
342
659
574
1,082
1,430
629
2,291
173,451
90,545
28,172
13,688
4,390
13,706
6,665
323,950
603
609
1,029
1,123
463
2,838
172,409
91,154
26,493
13,528
4,378
15,988
323,950
Footnotes at end of Table TSO-5.
Table TSO-3.
Interest-Bearing Marketable Public Debt Securities by Issue
millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 1/
Regulai
5,366
U.S. Gov
ment accounts a
Federal
Reserve
banks
commer-
460
banks
mu t u a 1
savings
banks
II
2/
c ial
States and local
governments
435 fire,
casualty,
savings
and loan
associa-
and
c
ma r n e
i
ions
corporations
311
181
general
funds
pension
Held by
all
other
investors 3/
73
June 1980
TREASURY SURVEY OF OWNERSHIP
APRIL
Table TSO-3.
-
30,
1980
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Par values
-
in
millions of dollars)
74
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
APRIL
Table TSO-4.
-
30,
1980
Securities Issued by
Government Agencies
June 1980
75
.MARKET QUOTATIONS ON TREASURY SECURITIES.M AY
Current market quotations shown here are over-the-
30,
1980
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
Table MQ-1.
Amount outstanding
(millions)
-
Treasury BiUs
Securities
Treasury Bulletin
76
.MARKET QUOTATIONS ON TREASURY SECURITIES, MAY
Table MQ-2.
-
Treasury Notes-Continued
30,
1980
June 1980
77
.MARKET QUOTATIONS ON TREASURY SECURITIES. MAY
Table MQ-3.
-
Treasury Bonds
30,
1980.
78
Treasury Bulletin
.
o
CX)
o
CO
>-
<
HI §
MARKET QUOTATIONS ON TREASURY SECURITIES.
...
Jum
1980
79
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
Treasury
bonds 1/
Jan.
Feb.
Mar.
Apr.
May.
June,
July,
Aug.,
Sept,
Oct..
Nov..
Dec
Jan.
Feb..
Mar..
Apr.
May.
Jiino.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
5.74
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New A a
municipal
bonds 2/
New Aa
corporate
bonds 2/
Treasury New Aa
New Aa
corporate
bonds 1/
municipal
bonds 2/
bonds 2^
Monthly series - averages of daily or weekly series
Treasury
bonds 1/
New Aa
municipal
bonds 2/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
nttmic ipal
bonds 2/
Treasury Bulletin
80
AVERAGE YIELDS OF LONG -TERM BONDS
UJ
( ^
June 1980
81
-INTERNATIONAL FINANCIAL STATISTICS
i
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions and other
residents of foreign countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve position in the International Monetary Fund.
Table IFS-5 sets forth the factors which affect the
United
States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
foreign official institutions, and liquid liabilities to
other foreigners, which are used in the United States
balance-of -payments statistics.
weighted-average
Table IFS-6 presents a measure of
changes in exchange rates between the United States dollar
certain
other
countries.
and the currencies of
to
all
Table IFS-1.
U.S.
Reserve Assets
(In millions of dollars)
End of
calendar year
or month
Total
reserve
assets 1^/
(1)
Gold stock 2/
Total
(2)
y
Treasury
(3)
Special
drawing
rights 1/
(4)
V
Foreign
currencies 5/
(5)
Reserve
.
.
Treasury Bulletin
82
.INTERNATIONAL FINANCIAL STATISTICS^
Table IFS-2.
-
Selected U.B. Liabilities to Foreigners
{In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
Liabilities
to IMF
arising from
gold trans
actions 1/
End of
calendar
year or
month
Liabilities to
other foreigners
tary in-
Liabilities
reported
by banks
Marketable U.S.
Treasury
bonds
in U.S.
and
Other
readily
marketable
liabil-
Nonmarke table U.S.
Treasury
bonds and
notes 4/
notes 2/
(1)
Liablli ties
to nonmone-
(4)
Liabil-
ternation-
ties
al and re-
i
I
Liabilities
reported
by banks
in U.S.
banks
6/
ities 5/
Marketable U.S.
Gov t
bonds
'
3/ 7/
Nonmarke table U.S.
Treasury
bonds and
notes 8/
gional organizations
9/
(9)
(10)
,48,103
566
566
23,786
23,775
20,028
20,028
306
295
3,452
3,452
17,303
17,335
4,854
4,792
4,082
4,092
647
565
135
135
1,633
1,635
68,593
68,720
544
544
51,209
50,651
39,823
39,162
1,955
1,955
9,431
9,534
10,519
11,206
4'
4,350
3,747
3,750
447
447
135
153
1,974
1,969
61,526
61,526
40,093
40,093
5,236
5,236
15,747
15,747
4,705
4,705
425
425
2,188
2,206
66,86112/t4,233
5,701
15,564 12'
1,363
5,032
5,602
1^120,325
76,816
76,823
53,196
53,203
5,059
5,059
16,339
16,339
2,222
2,222
30,575
30,367
8,882
8,991
8,384
8,493
498
498
4,14A
4,144
1975.
1976.
1977.
1978.
1979.
127,432
152,468
193,827
244,204
268,357
80,712
91,975
126,080
156,517
143,169
50,461
54,956
65,822
90,674
78,143
6,671
11,788
32,155
35,892
37,667
19,976
20,648
20,443
20,970
17,387
3,604
4,583
7,650
8,981
9,972
29,881
37,950
43,250
60,000
90,512
10,801
13,791
16,466
19,944
26,887
10,100
12,814
14,736
16,020
18,560
701
6,038
8,752
8,031
2,329
3,058
1,595
5,269
743
789
1979-Apr..
May..
June.
239,693
237,923
247,353
142,471
135,071
138,138
76,734
69,541
71,844
36,309
36,160
36,458
20,467
20,467
20,697
8,961
8,903
9,139
66,196
71,951
78,239
23,973
23,962
23,950
17,105
17,057
16,955
2,718
2,745
2,845
4,150
4,150
4,150
7,253
6,939
7,026
July.
Aug..
Sept.
Oct.
Nov.
249,132
271,987
267,522
262,106
265,048
268,357
141,941
142,608
143,656
140,696
135,271
143,169
75,233
75,535
76,437
74,452
70,779
78,143
37,499
38,010
38,101
38,157
37,120
37,667
19,797
19,547
19,547
18,497
17,837
17,387
9,412
9,516
9,571
9,590
9,535
9,972
75,019
97,102
91,321
88,534
95,014
90,512
24,279
24,194
24,425
24,789
26,528
26,887
17,235
17,225
17,466
17,741
18,254
18,560
2,894
2,819
2,809
2,898
3,005
3,058
4,150
4,150
4,150
4,150
5,269
5,269
7,893
8,083
8,120
8.087
8,235
7,789
268,726
277,941
269,660
262,881
139,628
138,618
135,292
133,761
73,614
72,725
69,766
68,344
38,148
37,884
37,781
37,718
17,434
17,384
16,784
16,384
10,432.
10,625
10,961
11,315
93,446
102,027
97,182
93,379
28,365
28,930
28,951
28,014
18,617
19,141
19,081
18,186
3,311
3,352
3,433
3,391
6,437.
6,437
6,437
6,437
7,287
8,366
8,235
7,727
1<)70
10/
1<>71
10/
(2)
Us, 152
u/
...
83,769
^83,787
'
1972 10/
1973
93,642
'
1974 10/.
Dec.
1980-Jan
Feb
Mar. p.
Apr. p.
120,417
12/
(3)
(6)
(5)
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
nonraarketable, 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. Fed-
Note:
erally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearlng
special U.S. notes held by other international and regional organ1/
2/
11
6/
izations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-earning
assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data.
Excludes notes issued to foreign official nonreserve agencies.
Includes debt securities of U.S. Government corporations. Federally-sponsored agencies, and private corporations.
Includes liabilities payable in dollars to foreign banks, and
liabilities payable in foreign currencies to foreign banks and to
"other foreigners."
(7)
450
450
7/
9/
10/
11/
12/
(8)
329
14,925
14,925
(11)
(12)
977
1,730
(13)
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Includes nonmarketable U.S. Government bonds and notes held by
foreign banks.
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
Data on the two lines shown for this date differ because of changed
in reporting coveragef -jFigures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to t^ose shown for the following date.
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
are increased in value 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, column 6,
$103 million and column 12, $18 million.
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.
^Preliminary
June 1980
83
.INTERNATIONAL FINANCIAL STATISTICS,
Table IFS-3.
-
U.S. Liabilities to Official Inatitutione
of
Foreign Countries, by Area
Treasury Bulletin
84
INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-4.
Issued
to
Official
-
Nonmarketable U.S. Treasury Bonds and Notee
Institutions and
Other Residents of Foreign Countries
(In millions of dollars or dollar equivalent)
End of
calendar
year or
month
Grand
total
(1)
1970
1971
1972
1973
1974
1975
1976
1977
3
1978
1979
1979-May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
1980- Jan.,
Feb.
Mar.
Apr.
May.
.
.
June 1980
83
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.
-
U.S.
Position in the International Monetary Fuad
(
In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Calendar year
or month
U.S.
Paynents o
subscription in
Net
gold
sales
by IMF
U
Net
borrowings by
IMF 2/
dollars
(2)
1970.
1971.
1972.
1973.
1974.
1975.
1976.
712 6/
541
754
197-7.
1978.
Transaction by
other countries
with IMF
transactions with IMF
(3)
Transactions
in
IMF net
income
foreign
currencies 3/
-W
Purchases
of
Repurchases
IMF holding
of dol lars at
end of period
Percent
Total
change
of
U.S.
quota
dollars 4/
JJL
(6)
(7)
(8)
(9)
(10)
U.S.
reserve
position
in IMF
at end of
period
5/
_jn)
1,935
585
465
552
1,852
2,212
4,434
4,946
1,047
1,253
1979.,
1979-May.
June.
1,193
1,204
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1,200
1,277
1,280
1,238
1,322
1,253
.
.
1980- Jan.
1,251
Feb.
1,287
1,222
1,094
1,157
Mar.
Apr.
May.
Treasury Bulletin
86
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
(fercent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
"
June 1980
81
.CAPITAL
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935
under Treasury regulations pursuant to Executive Orders Nos.
6550 of January 15, 1934 and 10033 of February 8, 1949, and
the International Investment Survey Act
of 1976.
Reports
are filed with Federal Reserve Banks by banks, bank holding
companies, securities brokers and dealers, and nonbanking
enterprises in the United States.
Statistics on the principal types of data and the principal countries are then consolidated and are published in the monthly Treasury Bulletin
.
The reporting forms and instructions \_l used in the Treasury International Capital (TIC) Reporting System have been
revised a number of times to meet changing conditions and to
increase the usefulness of the published statistics.
Recent
revisions to the reporting forms are part of a broad program
conducted over the past several years to ensure the adequacy
of the Treasury capital movements statistics for analysis and
policy formulation with respect to the international financial
position of the United States and on movements of capital between the United States and foreign countries.
Revised forms
and instructions are developed with the cooperation of other
Government agencies and the Federal Reserve System and in consultations with representatives of banks, securities firms and
nonbanking enterprises.
The most recent revisions of the TIC B-series Forms filed
by banks and some brokers in the United States, became effective with reports as of April 30, 1978; new data series were
introduced in the July 1978 Treasury Bulletin.
Substantial
revisions of the C-series Forms, filed by nonbanking enterprises, were effective with reports as of December 31, 1978;
the new data series are shown beginning with the
June 1979
issue.
Major revisions of ths TIC Forms that affect the
format and coverage of the current Capital Movements tables
are noted und^r "Description of Statistics" below.
,
Basic Definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including Uni ted States ci tizens domiciled
abroad, and the foreign branches, subsidiaries and of f ices of
United States banks and business concerns; the
c-sntr^l
governments, central banks and other of ficial institutions of
foreign countries, wherever located; and international 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
country or geographical area in which the foreigner
is
domiciled, as shown on the records of report tng institutions.
For a nuubsr 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 bsneficiary.
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 liability 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
official institutions are reported opposite the country to
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
international or regional classification
the appropriate
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Europe.
Geographical Classification
A number of changes in geographical classification were
introduced for most Capital Movements tables in the July 1978
issue.
Several countries formerly included in "Eastern
MOVEMENTS.
Europe" and in "Other Latin American Republics" are
shown
separately in the country list as wel 1 as a new category in
the International and Regional grouping for "Middle Eastern
Regional" in view of the proliferation of regional financial
organizations, primarily in the Arab States.
The remaining
countries in the categories "Other Eastern Europe" and "Other
Western Europe" were combined into a single "Other Europe"
category; and the heading, "Latin America"
was
retitled
"Latin America and Caribbean." To the extent possible, the
statistics for earlier dates have been adjusted in accordance with the revised country stub.
Reportin,^ Coverage
Reports are required from banks, bank holding companies
securities brokers and dealers, and nonbanking
enterprises
in the United States, including the branches, agencies, subsidiaries and other affiliates in the United States of foreign firms.
Institutions
that have reportable liabilitities, claims, or securities transactions below specif led exemption levels are exempt from reporting.
,
Banks file reports monthly covering their dollar
liabilities to, and dollar claims on, foreigners in a number of
countries. Twice a year as of June 30 and December 31, they
also report the same liabill ties and c laims i tems with respect
to foreigners in countries not shown separately on the monthly
reports.
Beginning with reports Hii<= as of June 30, 1978,
banks also report quarterly their liabilities and
claims
''^s 1 vis foreigners that are denominated in foreign
currencies.
The specified exemption level applicable to
the
monthly reports is $2 million and is based on the average
for the report dates during a six-month period,
including
the current report date.
There are no separate exemption
levels for the quarterly and semiannual reports.
Banks, securities brokers and dealers, and in some instances, nonbanking enterprises, report monthly their transactions 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 nonbanking enterprises
if their
liabilities or claims, on the six-month average
basis, are $2 million or more.
Beginning December 31, 1978,
these firms also report for each month-end theirU.S. dollardenominated deposit and certificate of deposit claims on banks
abroad of $10 million or more.
,
Description of Statistics
Section I presents data in four tables on liabili ties to
foreigners reported by banks in the United States.
Beginning
April 1978, amounts due to banks' own foreign of flees are shown
separately; the previous distinction between short-term and
long-term liabilities has been eliminated; there is a separation of the liabilities of the reporting banks themselves
from their custody liabilities to foreigners; and foreign
currency liabilities are only reported quarterly. Also,
beginning April 1978, the data on liabilities are more complete by extending to securities brokers and dealers the
requirement to report certain of their own liabilities and
all of their custody liabilities to foreigners.
Table CM-I-1, showing total liabilities by type of foreign
holder, combines liabilities previously shown separately as
either short-term or long-term. Table CM-I-2, Parts AandB,
on foreigners' holdings of liabilities by type, shows total
bank reported liabilities payable in dollars.
Table CM-I-3
presents total liabilities by country for recent periods and
includes the long- term data previously shown separately ;whereas CM-I-4,
covering total
liabilities by type and country
for the most recent month,
includes several data items not
reported separately prior to April 1978.
The liabilities
da ta on supplementary countries previously presented in Table
CM-I-5 now appear in Table CM-III-1. (See Section III below.)
.
Treasury Bulletin
88
.CAPITAL
MOVEMENTS.
Section II presents the claims on foreigners reported by
banks in the United States.
Beginning with data reported as
of the end of April 1978, banks' claims held for their own acacount are reported separately from claims held for their domestic customers.
The former are available in a monthly series
whereas the latter data are collected on a quarterly basis
only.
Also, there is no longer a breakdown available on the
long-term and short-term components of banks' claims. Maturity data are collected quarterly on a time remaining to maturity basis as opposed to the historic original maturity classification.
Foreign currency claims are also collected only
on a quarterly basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published separately.
Table CM-II-2, showing total claims by type, is based on the
revised banking reports.
Table CM-II-3, which represents
total claims by country, merges the previously reported shortterm and long-term claims data f rom old CM-II- 2 and CM-II-5.
Jew Tables CM-II-4 through CM-II-7 are based on the revised
eports and replace the previous tables which showed short:erm and long-term claims separately.
Another important change in the claims reporting, beginning with new quarterly data as of June 30, 1*^78, is the
adoption of abroadened concept of "foreign public borrower,"
which replaces
the previous category of
"foreign official
Institution" to produce more meaningful information on lending
to the public sector of foreign countries.
The term "foreign public borrower" encompasses central governments
and
departments of central governments of foreign countries and
of their possessions; foreign central banks,
stabilization
funds, and exchange authorities;
corporations and
other
agencies of central governments including development banks,
development institutions and" other agencies which are
majority-owned by the central government or its departments;
State, provincial and local governments of foreign countries
and their departments and agencies; and any intctnational or
regional organization or subordinate or affiliated
agency
thereof, created by treaty o^ convention between
sovereign
states.
,
Section III includes two supplementary tables on U.S.
banks
liabilities
to, and claims
on, foreigners.
Table
CM- III- 1 summarizes dollar liabilities to,
and banks'
own
dollar claims on, countries and areas not regularly reported
separately.
Beginning with reports due as of June 30, 1978,
these
data are collected semiannually.
Previously, the
semiannual reports were addressed to liabilities items only
and were
reported as of April and December; however, they
are now collected as of the end of June and December.
Table
CM-III-2 presents data on U.S. banks'
loans and credits to
nonbank foreigners, based on the TIC reports and on
the
monthly Federal Reserve 2502 reports submitted for foreign
branches of U.S. banks.
there is separation of the financial liabilities and claims
enterprises from their commercial liabilities
and claims; and items are collected on a time remaining basis
instead of the prior original maturity basis.
In addition,
the number of reporters increased somewhat as a result of a
broad canvass of prospective reporters undertaken in
late
1978.
of reporting
In
Section IV, Table CM-IV-1 combines
liabilities
previously shown as either short-term or long-term in old
Table CM-IV-1;
Table CM-IV-2 combines
these
shortterm and long-term liabilities by country and replaces previous Tables CM-IV-2 and CM-IV-4.
Table CM-IV-3, covering
total liabilities
by type and country
for the most recent
quarter-end, includes several items not reported separately
prior to December 1978.
The tables in Section V have been extensively revised
the changes in data
collection format outlined
above and the elimination of a monthly form that covered
nonbanking enterprises' liquid claims on foreigners.
Specifically,
Table CM-V-1 combines short-term and long-term
claims; Table CM-V-2 shows total claims by country and replaces former Tables CM-V-2 and CM-V-7.
Current Table CMtotal claims
V-3
shows
by type
and country and includes
items that were not
reported separately prior to end-year
1978. Tables CM-V-4,
CM-V-5 and CM-V-6 no longer appear.
to reflect
Section VI contains data on transactions in all types
of long-term domestic and
foreign securities by foreigners
as reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series; and non-
marketable U.S. Treasury bonds and notes,
foreign currency
series,
which are shown in the "International Financial
Statistics" section, Table IFS-4). The data covernew issues
of securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed
in
the United States for the account of foreigners, and transactions executed abroad for the account of reporting institutions and their domestic customers.
The da ta include some
transactions which are classified as direct investments in
the balance of
payments accounts.
The data exclude securissued abroad by foreign subsidiaries of U.S. corities
porations, some of which are treated in the balance of payments as issues of U.S. corporations.
'
Sections IV and V, respectively," show the liabilities to i
and claims on, unaffiliated foreigners by exporters, importers,
industrial and commercial concerns,
financial institutions
other than banks and brokers, and other nonbanking enterprises
in the United States.
The data exclude
intercompany
the
accounts of nonbanking enterprises in the United States with
their own branches and subsidiaries abroad or wi th their foreign parent companies.
(Such transactions are reported by
business enterprises to the Department of Commerce on
its
direct investment forms.) The data also exclude claims held
through banks in
the United States.
Beginning with data
published in June 1979
(reported as of December 31, 1978),
_!/
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and sellers of the securities; in the case of outstanding 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
sections do not cover all
The data published in these
types of reported capital movements between the United States
and foreign countries.
The principal exclusions are the
intercompany capital transac tions of business enterprises in
the United States with their own branches and subsidiaries
abroad or with their foreign parent companies, and capital
transactions of the United States Government.
Consolidated
data on all types of international capital transactions are
published by the Department of Commerce in its regular reports
on the United States balance of payments.
Copies of the reporting forms and instructions may be obtained from the Office of Statistical
Reports, Office of the Assistant Secretary for International Affairs, Department of the
Treasury, Washington, D.C,
20220, or from Federal Reserve Banks.
June 1980
89
CAPITAL
Section
I
-
Liabilities
to
T«ble CM-I-1.
MOVEMENTS
Foreigners Reported by Banks in the United States
-
Total Liabilities by Type of Holder
..,
90
1970
Treasury Bulletin
.CAPITAL MOVEMENTS.
Seciisn
-
1
Llabilltiea
Table CM-I-2.
to
-
Foreignerg Reported by BanJis in the United Statea
Total Liabilities by Type, Payable in Dollars
Part A
-
Foreign Countries
(In millions of dollars)
Official institutions 1/
End of
calendar
year
or month
Tot«l
foreign
countries
Deposits
Demand
(1)
'
V
1971 4/ 5/.
1972 4/
(2)
41,044
41,086
1,652
1,652
53,684
53,706
1,620
1,327
59,205
59,204
1,591
1,591
[
U.S.
Treas.
bills 4
Other foreigners
Deposits
Deposits
U.S.
Other
liabilities 2/
Time 2/
Treas.
bills i
certificates
(6)
(7)
(8)
12,376
12,385
1,326
1,354
Time 2/
certificates
(3)
(4)
2,554
2,554
13,367
13,367
2,307
2,307
2,504
2,039 5/
32,311
32,311
3,230
3,321
7,047
3,399 5/
850
320 5/
2,367
7,232
2,880
2,880
31,453
31,453
3,998
3,998
4,658
4,658
405
405
9,510
9,510
Demand
(5)
14
14
U.S.
Treas.
Other
To own
liabilforeigTi
ities II offices 3/
Demand
(10)
i'))
(11)
6,941
2_/
(12)
131
131
1,660
1,660
1,663
1,666
96
95
1,955
1,955
2,116
2,116
65
55
2,143
2,359
2,729
2,729
3,796
3,744
67,222
2,125
3,911
31,511
/'91,389
(
91,297
2,951
2,951
4,257
4,167
34,656
34,656
1975
89,891
2,644
3,423
34,199
10,195
1976
104,943
3,394
2,321
37,725
11,516
1977
122,893
3,528
1,797
47,820
12,677
10,933
2,040
29,222
4,304
7,546
1978
164,217
3,390
2,550
67,159
17,318
11,249
1,453
7,155
4,242
8,353
1979
185,396
4,724
3,071.
47,666
22,681
13,262
1,663
9,061
64,286
5,121
8,755
382
1979-Apr...
May. .
June.
158,274
156,798
165,114
3,586
3,170
3,196
2,495
2,571
2,512
51,614
43,727
46,304
19,039
20,072
19,832
10,222
10,291
11,155
1,267
1,228
1,356
456
508
407
7,434
8,735
8,043
45,056
49,428
55,354
4,312
4,358
4,729
8,656
8,773
8,708
1,152
693
July..
Aug .
Sept..
Oct...
Nov. .
Dec ,
165,563
187,938
182,926
178,428
181,748
185,396
2,850
2,397
3,143
2,374
5,652
4,724
2,591
2,308
2,239
1,883
1,972
3,071
49,425
50,146
50,842
49,411
43,921
47,666
20,367
20,683
20,213
20,784
19,234
22,581
11,380
11,788
12,466
10,620
12,879
13,262
1,181
1,474
1,641
1,478
1,606
1,663
347
384
406
400
451
7,550
8,207
8,615
8,712
9,209
52,638
73,325
65.894
65,026
68,572
422
1B3,860
192,075
183,755
177,636
3,745
3,680
3,927
4,745
2,289
2,367
2,397
2,376
48,864
48,234
42,655
40,527
18,717
18,444
20,787
20,697
11,^22
13,345
13,374
12,739
1,275
1,295
1,584
1,563
9,061
10,201
10,269
10,480
11,181
67,797
74,735
68,795
64,852
8,735
8,751
8,894
8,760
8,991
8,755
8,828
8,992
8,827
8,705
350
285
269
315
375
1980-Jan...
Feb...
Mar. p.
4,561
4,602
4,439
4,778
4,594
5,121
5,079
5,373
5,267
4,711
1973
1974 4/
.
.
Apr. p.
1/
2/
3/
4/
11,205
11,302
1,911
1,910
232
232
19,546
19,355
7,534
1,873
335
19,588
3,248
4,823
9,104
2,297
119
25,652
4,015
6,524
8,248
8,231
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other liabilities."
Data not available separately prior to April, 1978.
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.
533
566
675
771
6S",286
Other
liabilities 2/
(13)
1,895
3,367
3,362
%
Time
bills 4
certificates
277
277
516
382
356
446
778
847
Data on the second line differ from chose 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
deposits are included in "Other liabilities"; certain accounts
previously classified as "official institutions" are included with
"banks"; and a number of reporting banks are included in the series
for the first time.
Preliminary.
4,302
June 1980
91
.CAPITAL MOVEMENTS.
Section
I
-
Liabilities
Table CM-I-2.
Part B
-
to
Foreigners Reported by Banks in tha ItoitBd
by Type, Payable in Dollars-Continued
Nonmonetary International and Regional Organizations
-
Total
Liabilities
(In millions of dollars)
.
92
Treasury Bulletin
-CAPITAL
Section
I
-
Liabilities
to Foreigners Reported by Banks in the United States
Table CM-I-3. - Total Liabilities by Country
(Position al end
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Non-Jay
Poland
Portugal
Romania
Sp^in
Sweden
Switzerliind
,
Turkey
United Kingdom
U.S.S.R
Yugoslavia.
Other Europe.
,
,
,
.
1.1
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Cu a t ema la
Jamaica
Mexico
Netherlands Antilles ...
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin Amer ca
Caribbean
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakisi^an
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other Asi
Total
\J
MOVEMENTS-
<>f
period in miliions of doHais)
^
Jum
,
.
,
.
1980
93
-CAPITAL MOVEMENTSSection
I
-
Liabilities to
Table CM-I-4.
Total liabiliti
A51
Austi ta.
Belgium-Luxembourg,
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norwa y
Poland
Portugal
Romania
616
522
11,413
80
5,515
617
5<)
7.4SI
2.095
1,3'Vl
95
540
i2
1,438
1,864
15,128
Spain.
Sweden
Switzerland
Turkey
Uni ted Kingdom
U.S.S.R
Yugoslavia
Other Europe
2
34
2fe.302
33
123
^
,
Of>6
Total Europe
Canada
Latin America and Caribbean ;
Argentina, .
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia,,
Cuba
Ecuador
,
,
Guatemala
Jamaica
Mexico,,..
Netherlands AntillePanama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean.
1,727
14.501
535
1,651
11,927
452
,
^112
23
132
4.314
411
4,603
392
157
216
3,1«3
1.696
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
:
35
,
,
,
,
9.463
,
,
,
,
,
,
,
Total Asia
,
,
,
,
,
,
,
Total Africa
,
:
,
Total other countries
Total foreign countries
International and reaional
International
European regional
Latin American regional...,
Asian regional
African regional
Middle Eastern regional
:
,
Total International
and regional
Grand total
1,012
ni
,
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
Other co^:^tries
Australia....
All other
1,077
1,879
581
935
591
,
, .
150
233
HUH
646
21
411
15,74S
-
Total
Foreigners
Reported by Banks in the United States
by Type and Country, as ofApril 30, 1980
Preliminary
Liabilities
.
. .
..
94
Treasury Bulletin
-CAPITAL MOVEMENTS.
Section
II
•-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-1.
Total Claims by Type
-
(OLD SERIES)
(In millions of dollars)
Payable in dollars
End of
calendar
year
or month
Payable in foreign currencies
":H 'poTotal
claims
Official
Other
institut ions
for-
eigners
tions
outstanding
for
account of
reporting
banks and
domestic
(1)
1968
12,828
12,930
1969 1/.
c
(2)
(3)
11,813
6,323
12,295
12,397
6,087
6,084
(4)
764
764
Acceptances
made for
account
of foreigners
custoffiersf7)
Deposits
of
reporting
banks and
domestic
customers
with foreigners
Other
claims
(8)
(9)
(10)
Other
claims
Am-
(11)
(5)
(6)
1,934
3,614
1,733
2,854
903
466
336
129
2,155
2,152
3,169
3,169
1,954
2,015
3,169
3,202
1,084
1,096
534
534
352
352
181
181
1970
13,877
13,242
5,749
623
1,956
3,170
2,389
3,985
1,118
635
352
283
1971 1/ 2/.
16,837
16,939
15,973
16,022
7,848
7,314
798
2,928 2/
2,395 2/
4,122
4,113
2,475
2,475
4,243
4,254
1,407 gj
1,979 2/
864
917
549
548
359
1972 1/
20,425
20,739
19,539
19,853
10,213
10,259
996
1,007
3,405
3,400
5,811
5,852
3,269
3,276
3,204
3,226
2,853
3,092
441
441
445
445
1973.
26,719
46,235
59,767
81,135
25,985
44,958
58,307
79,302
13,106
17,777
21,516
28,308
1,444
1,709
1,989
2,885
5,129
8,263
9,202
13,406
6,532
7,805
10,324
12,018
4,307
5,637
5,467
5,756
4,160
11,237
11,147
12,358
4,413
10,307
20,178
32,878
734
1,276
1,458
1,833
428
669
656
1,103
305
607
1975.
1976.
1977.
92,562
90,205
30,631
2,961
15,367
12,302
6,176
14,212
39,187
2,355
941
i,a5
1977- Apr.
May..
June.
78,210
80,476
82,033
76,283
78,510
80,065
26,799
27,065
26,590
2,409
2,663
2,662
12,702
13,002
12,532
11,687
11,401
12,991
13,087
3d, 154
U,396
6,339
6,317
6,417
13,2091
32,041
33,848
1,927
1,966
1,968
958
864
834
969
1,101
1,133
81,87-4
80,039
78,970
81,869
84,300
85,270
90,205
27,921
27,284
28,997
28,969
28,183
30,631
2 536
81,085
83,812
86,507
87,357
92,562
2,889
2,961
13,829
12,967
14,310
13,961
13,665
15,367
11,556
11,558
11,894
12,112
11,629
12,302
6,352
6,200
6,025
6,005
6,045
6,176
13,478
13,610
13,698
13,768
13,462
14,212
32,288
31,877
33,149
35,557
37,580
39,187
1,835
2,114
1,944
2,207
2,086
1,041
1,109
1,126
1,307
1,246
2,3*55
794
1,006
818
900
841
941
94,246
93,357
98,832
98,197
91,874
91,040
96,449
95,876
29,306
29,346
32,498
32,335
3,037
3,079
3,003
3,311
13,922
14,115
16,949
16,596
12,346
12,151
12,546
12,428
6,342
6,446
6,765
6,910
13,592
13,689
13,892
13,783
42,634
41,559
43,293
42,847
2,371
2,317
2,383
2,321
940
895
948
1,034
197-i.
July.
Aug..
Sept.
Oct..
Nov.
Dec..
1978-Jan.
Feb..
Apr.
Note:
806
2 759
2 792
2 896
Total claims include claims previously classified
as either
'short-term" or "long-term" on the Treasury reports
filed by banks
A monthly maturity breakdown was discontinued with
new reports
filed as of April 30, 1978, and the historical
series has been
adjusted accordingly.^ (See Introductory text to
Capital Movements
Section for discussion of changes in reporting forms
and coverage.)
21
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
1/
Table CM-II-2.
-
315
802
730
l,a5
1,432
1,422
1,435.
1,288
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
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 claims"; and a number of reporting banks are
Included in the series for the first time.
Total Claims by Type
(NEW SERIES)
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
End of calendar year
or quarter-end month
Total
c
laims
Banks
own claims
(1)
(3>
(2)
1978- Tune.
Sept.
Dec.
102,892r
108,419r
130,751r
99,476r
105,036r
I26,8glr
90,349r
95,961r
115,662r
1979-Mar.
June.
Sept.
Dec.
1980-Mar.
12A,634t
I32,276r
149,298r
156,561
121,567r
129,235r
108,397r
115,232r
U8r
U7,3aSc
153,526
157,106
152,809
.
e:
146,
See introductory text to Capital Movements Section for discussion
of changes in reporting forms and coverage for new quarterly data
filed as of June 30, 1978.
Preliminary
r
Revised.
Claims of
banks'
domestic
customers
[hL-
Banks
own claims
(5)
J^
claims of
banks
domestic
customers
(7)
U,219r
3,416
3.384
3,871
2,607
2,938
3,504
809
446
367
3,067
3,180r
3,034
2,591
2,467r
2,564r
2,443
574r
616r
133,578
13,170r
14,003r
I8,813r
19,948
130,432
22.377
4,297
3,242
9,126r
9,075r
3.>041r
476
592'
1,056
June 1980
95
•CAPITAL
Section
II
-
MOVEMENTS-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Total Claims by Country
96
Treasury Bulletin
CAPITAL MOVEMENTSSection
Table
CM-IM.
II
-
Claims on Foreigners Reported by Banks
in the
United States
Total Claims on Foreigners by Type and Country Reported by Banks in the U.S. as of
March
31,
1980
.
June 1980
97
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Banks* Own Claims, by Type
Payable in foreign currencies
Payable in dollars
Memorandum claims items
Claims on unaffiliated foreigners
End of
calendar year
or quarter-end
reporting
banks'
own
claims
month
One year or less
On for
public
borrowers
(1>
(2)
A21
(7)
55,899r
60,092r
73,696r
3,131r
3,7llr
A,583r
'.l,424r
'.3,515r
1979-Mar..
June.
Sept.
110,987r
117,700r
I29,869r
136,021
71,566r
77,662r
'i,627r
50,760r
55,408r
P
Preliminary,
r
Revised.
I
133,673
Other
53,835r
(a)
(9)
Customer
On all
liabiliother
foreigner: ty on
acceptances
(10)
(11)
Deposits
(12)
(13)
(U)
3,243
4,235
5,338r
8,101
8,631
9,939r
34,450
35,868r
41,966r
5,311r
4,679r
5,456r
2S,106r
27,109r
35,011r
19,^25r
20,467r
23,278r
11,844
12,723
14,919
2,607
2,938
3,504
1,072
1,362
1,633
1,535
1,575
1,871
10,239r
ll,239r
ll,528r
13,049
36,831r
37,570r
39,828r
47,310
6,142r
7,048r
7,156r
6,217
31,168r
34,450r
38,855c
34,685
23,622r
25,l24r
27,854r
30,574
15,098
16,864
19,751i
21,170
2,591
2,467r
2,564r
2,443
1,103
l,271r
1,220
1,017
1,488
1,196
l,343r
1,425
12,917
45,600
5,509
34,274
30,061
19,993
3,242
1.490
1,751
62,25iir
86,268
4,604r
6,057r
6,991
58,143
5,940r
6,411r
7,638r
8,085
84,831
6,953
56,543
8,418
87,ii77r
Deposits
Over one year
On forei gr >n all
public
Dther
foreigner: borrowers foreigners
92,956r
98,898r
119,166r
Dec.
On unaffiliated
foreign banks
On all
other
1978-June.
Sept.
Dec.
1980-Mar. p
Claims
on own
foreign
offices
Remaining maturity
Treasury Bulletin
98
-CAPITAL MOVEMENTSSection II
Table CM-II-6.
-
Claims on Foreigners Reported by Banks in the United Statei
Banks' Own Claims by Type and Country, Payable in Dollars, as of
April 30, 1980 Preliminary
nillions of
Country
doUa
Jum
1980
99
.CAPITAL MOVEMENTS,
Section
II
Claims on Foreigners Reported by Banks
-
Table CM-II-7.
p
r
Preliminary,
Revised.
-
in the
United States
Domestic Customers' Claims by Type
100
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
III
-
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-1.
-
Dollar Liabilities
to,
and Dollar Claims on,
Foreigners in Countries and Areas Not Regularly Reported Separately
June 1980
101
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the Unit«d Statvs
Table CM-III-2.
-
Dollar Claims on
Nonbank Foreigners
(Position at end of period in millions of dollars)
102
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section IV
-
Liabilities to Foreigners
Reported by Nonbanking Business Enterprises
Table CM-IV-1.
-
Total Liabilities by Type
(In millions of dollars)
End of
calendar year
or quarter-end
month
in the United States
.
.
.
)
June 1980
103
-CAPITAL MOVEMENTS-
Section IV
-
Liabilities to Foreigners
Reported by Nonbanking Business Enterprises in the United States
Table CM-IV.2.
-
Total Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Europe :
Austria
Belgium-Luxembourg.
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
• • •
Romania
Sp«in
Sweden
Switzerland
Turkey
442
1
n.a.
268
335
11
n.a.
20
n.a.
259
328
21
n.a.
200
421
473
1
707
39
752
40
1
201
475
259
616
355
597
269
1,023
143
726
154
580
31
26
6
17
11
n.a.
83
60
504
109
1,956
107
90
n.a.
86
60
656
25
2,637
57
U.S.S.R
Yugoslavia.
Other Europe.
5
477
276
n.a.
539
86
n.a.
173
518
19
n.a.
Uni ted Kingdom
.
230
n.a.
561
57
37
38
9
51
16
227
n.a.
787
mU
I
1
22
25
159
166
137
550
55
167
100
568
,363
111
2,852
89
28
28
20
125
135
451
.
18
218
117
670
36
37
236
101
538
478
226
100
9
7
,875
81
127
45
3,293
57
136
23
Total Europe.
Canada.
Latin America and Caribbean ;
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
454
137
427
SO
151
151
85
180
18
57
11
Co lomb la
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles V...
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Car ibbean
n.a.
n.a.
n.a.
63
34
104
507
117
183
248
115
388
140
4 34
85
200
215
23
16
15
19
207
375
27
14
53
15
17
15
325
352
17
50
100
222
199
231
313
337
369
53
36
25
335
351
116
39
27
378
403
165
30
23
7
8
388
430
221
527
23
18
16
20
363
83
173
31
101
Total Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting
Other Asia
154
55
137
81
27
67
82
,125
67
999
54
191
141
1.204
1,206
3
2
36
39
18
100
223
21
n.a.
n.a.
n.a.
617
coi
74
75
103
10
201
184
96
90
145
114
117
231
133
255
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries
Other Africa
2
3
84
26
177
101
26
142
221
223
2
73
17
52
59
1.511
1,562
1,136
1,089
1,061
59
22
34
167
69
190
67
18
1,117
5
3
112
20
88
311
i^/
166
50
86
313
60
107
412
7
5
372
384
73
Total Africa
Other countrie
Australia. .
All other...
121
30
123
116
134
18
19
18
10,345
10,099
119
30
Total other countries.
.
.
International and regional
ernational
European regional
Latin American regional.
Asian regional
African regional
Middle Eastern regional.
:
Total international
and regional
Grand total.
U9
1,204
98
2,191
Total Asia.
Total foreign countries.
60
189
DaM in two columns shown for this date differ because of changes in
Figures in the first column are comparable in
reporting coverage.
coverage to those shown for the preceding date; figures in the second
(See
column are comparable to those shown for the following date.
introductory text to Capital Movements Section for explanation of
changes in reporting.
2/
2/
4/
*
Through December 31, 1975, Suriname included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Less Chan $500,000.
Preliminary.
p
n.a.
Not available.
104
Treasury Bulletin
-CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
Table CM-FV-S.
-
Reported by Nonbanking Business Enterprises
Total Liabilities by Type and Country as of
December
31,
in
the United States
1979 Preliminary
103
June 1980
.CAPITAL MOVEMENTS.
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-1.
(m
calendar year
End of
or quarter-end month
Total claims
(1)
5,925
6,523
1969 1/.
1970
7,110
1971 1/.
8,303
8,068
1972 1/.
1973.
1974.
1975.
19,350
1976.
21,298
1977.
1978-Dec.
U.
1979-Mar
June.
.
.
Sept...
Dec. p.
25
-
Total Claims by Type
millions of dollars)
in the
United States
Treasury Bulletin
106
-CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-2.
-
Total Claims by Country
in the United States
^
June 1980
107
CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-3.
Total Claims by Type and Country as of
-
December
31,
in the
1979
United States
Preliminary
(Position in mililons of dollars)
Financial claims
Total
financial
claims
ToCal
claims
Country
(2)
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain.
Sweden
Swl tzer land
Turkey
Unl ted Kingdom
U.S.S.R
Yugoslavia
Other Europe
,
Denominated In
foreign currencies
Denominated
in dollars
Deposit
Total
(3)
Other
Total
Deposits
Other
(3)
(6)
(7)
(8)
Total
commercial
claims
Total Europe
33
203
5
901
26
177
6
75
22
724
e
580
111
11
26
35
104
10
38
3
978
117
200
198
142
6
13
729
351
77
25
87
22
698
298
29
29
73
22
45
3
43
429
183
343
42
73
5,846
,941
1
21
34
378
125
269
37
33
9
136
4,804
150
96
74
3
78
905
146
7
37
10,835
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
183
29
2,315
2,294
227
30
163
810
1,867
191
170
10
83
57
86
862
54
564
82
41
10
474
Total Latin America and
Car Ibbean
1,851
123
,174
29
18
153
,766
123
153
2
123
15
11
11
70
158
23
496
48
10
69
158
138
23
22
496
472
47
2
2,859
5,625
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
S Ingapore
Syria
Thailand
Other Asia
:
40
267
159
88
270
344
1,316
320
24
50
35
766
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
;
135
13
437
Total Africa
Other coi:ntrles :
Australia
All other
192
75
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
*
Less than $500,000.
240
190
116
60
240
100
115
59
Other
(U)
:
75
49
Commercial claims
frade
receivables
Treasury Bulletin
108
.CAPITAL MOVEMENTS.
- Transactions in Long-Term Seeurities by Foreigners
Reported by Banks and Brokers in the United States
Foreign Purchases and Sales of. Long-Term Domestic Securities by Type
SeotioB VI
Table CM-VI-1.
-
States)
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United
June 1980
109
-CAPITAL MOVEMENTSSection VI
- Transactions in Long-Term Securities by Foreigners
Reported by. Banks and Brokers in the United States
^''''*
Foreign Transactions in Maretable Treasury Bonds and Notes by Country
«J*mmL'„^„r.
n** negative figures IndUate net sales
HlnnHlUons
of dollars;
by foreigners or a net outflow of capital from the United States)
Treasury Bulletin
no
-CAPITAL MOVEMENTS-
- Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Section VI
Table CM-VI-4.
-
June 1980
111
-CAPITAL
MOVEMENTS-
TranBactione in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-B. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
Section VI
-
millions of dollars; ne
f
igun
indicate net sales by foreigntrs or
a
net outflow of capital
from the United States)
Calendar year
1980
through
Apr. p
Europe :
Au stria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Sp^in
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
30
*
2
2
28
-170r
-18
28
-98r
95
-53
-126
Total Europe
Canada
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Co lomb i a
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles ....
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
13
17
2
17
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong
!
Ind i a
Indonesia
Israel
Japan
Korea.
Lebanon
Malaysia
Pakistan
Philippines
S ingapore
Syria
Thailand
on-exporting countries
2
164
61
121
1
-1
j_/
810
Other Asia
Total Asia.
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries
Other Africa
2/
Total Africa.
Other countries :
Australia
All other
Total other countries.
Total foreign countries.
International and regional
International
European regional
La'tin American regional...
Asian regional
African regional
Middle Eastern regional...
:
-45
3n
-5
100
Total international
and regional
Grand total.
1/
Includes, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia
the United Arab Emirates (Truclal States).
2/
p
*
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary,
n.a. Not available.
Less than $500,000.
112
Treasury Bulletin
CAPITAL MOVEMENTSSection VI
- Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-6, - Net Foreign Transactions in Domestic Stocks by Country
(In millions of dollrira; negative I'igures Indicate/ net sdU-s by foreigners or
,,
net
ow of capital fr
the Uni ted States
Calendar vear
Mar. p
through
Apr.
p
Europe ;
Austria
Belgium- Luxembourg.
Bui
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Ce rmany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Roman i a
Sp^in
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
3
b20
8
-69
-16
-585
-3
-519
9b4
419
-148
IS?
*
-1
278
215
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 Amer
Caribbean
and
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thai land
Oil-exporting countries
Other Asia
,
-10
lib
1,/.
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countrie
Other Africa
Total Africa
Other countries :
Austialia
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
Grand total.
1/
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
Includes Alg
Gabon, Libya and Nigeria.
Preliminary.
Less than S500,000
-a.
Not available.
375
-36
*
-74
332
277
194
June 1980
113
CAPITAL MOVEMENTSSection VI
-
Table CM-VI-7.
-
(In
in Long-Term Securities by Foreigners Reported
by Banks and Brokers in the United States
Net Foreign Transactions in Long-Term Foreign Bonds by Country
Transactions
114
Treasury Bulletin
-CAPITAL MOVEMENTSSection
VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country
'In mil
I
June 1980
115
Section
CAPITAL MOVEMENTS
VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During April 1980 Preliminary
Treasury Bulletin
116
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1979
June 1980
117
.—-FOREIGN CURRENCY POSITIONS.
Background
Data
have
been
positions
currency
United States,
banks
since
and
197^
on
nonbanking
the
foreign
firms
the
in
and on those of foreign branches, majority-
foreign
owned
collected
of
partnerships,
and
majority -owned
foreign
subsidiaries of United States banks and nonbanking firms.
"Majority -owned
foreign
partnerships"
are
those
organized under the laws of a foreign country in which
one
more
or
institutions
indirectly,
nonbanking
In
concerns
United
the
nonprofit
or
States,
directly
or
own more than 50 percent profit interest.
Reports cover nine major foreign exchange market currencies
"Majority-owned
and United States dollars held abroad.
corporations in which one or more nonbanking business
required
pursuant
Title
to
Reporting has been
of Public
II
Law
amendement to the Par Value Modification Act,
21,
93-110,
foreign
subsidiaries"
are
foreign
an
concerns or nonprofit institutions located in the United
of September
States directly or indirectly own stock with more than
1973t and implementing Treasury regulations.
Statistics
50
percent of the total combined voting power of all
on the positions will be published monthly in the Treasury
classes
Bulletin
percent of the total value of all classes of stock.
beginning with data for December 1975.
,
The
report
and
forms
instructions
used
the
in
stock
of
entitled
vote,
to
more
or
than
50
Reporting Threshold
collection of bank data were revised effective with reports
as of November 1,
October 31,
for the weekly reports,
1978,
and as of
1978 (the last business day of the month),
the monthly reports.
foreign currency
The most recent revision of the nonbank
forms
(see below)
became effective as of
the last business day of September 1978.
on the forms,
for
Among the changes
the Belgian franc was deleted as a reporting
currency.
The exemption level applicable to banks and banking
institutions is $10 million equivalent.
level
applicable
nonbanking
to
The exemption
business
concerns
and
nonprofit institutions was $1 million equivalent on all
nonbank forms from March 1975 through November 1976.
was
raised
to
million
$2
equivalent
the
on
It
monthly
reports of positions held in the United States.
From
November 1976 through September 1978 the exemption level
was raised to $3 million on foreign subsidiary positions
Common Definitions and Concepts
on June 31,
1977 and
for positions held
in
the United
States on September 30, 1978.
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
American Samoa,
Rico,
the Canal
2one,
Virgin Islands, and Wake Island.
locations
other
than
the
Midway Island,
the
The term "foreign" means
"United
The
States".
term
"worldwide" is used to describe the sum of "United States"
and "foreign" data.
sole proprietorships, partnerships, and corporations in the
United States including the U.S. branches and subsidiaries
of foreign nonbanking concerns,
and
positions",
in the case of "nonbanking
agencies,
the
and
branches,
subsidiaries located in the United States of foreign banks
and
institutions,
banking
in
the case
monthly "bank positions",
Data for "foreign branches"
amounts
reported
and
partnerships
by
of
include
majority-owned
subsidiaries
the positions
weekly and
"abroad"
and
branches,
the
majority-owned
reflect
not
the
of
States banking and nonbanking concerns.
data do
foreign
The
accounts.
reported
entire
foreign
currency
category
of
assets,
liabilities,
exchange
contracts
bought and sold, or the net position in the currency.
In
in
data
include
on
the
basis
of time
United
the
branch
States
branches,
separately
and
subsidiary.
or
majority-owned
to
reports
In
foreign
on
each
foreign
their
foreign
partnerships
and
majority-owned foreign subsidiaries, United States banks
and nonbanks are required
dollar
denominated
-
to report
assets,
contracts bought and sold,
the United States
liabilities,
exchange
and net positions of those
branches, partnerships, and subsidiaries with reportable
positions in the specified foreign currencies.
these
Description of Statistics
parents or
the
foreign
Assets, liabilities, and foreign exchange contract
are
their
United
of
In general,
subsidiaries of a few foreign-owned U.S. based corporations.
data
report
United States dollar equivalent value is reached in any
foreign parents' subsidiaries located abroad except through
intercompany
must
general, exemption levels are applied to the entire firm
Data for the United States include amounts reported by
firms'
Firms
position in a specified foreign currency if a specified
remaining
to
collected
on
the
Treasury foreign currency
forms are published
in
the
Treasury Bulletin in nine
Data
sections.
The
first
section
presents
summary
a
of
worldwide
net
reported.
Sections II through VIII each present data on
positions
all
in
of
the
currencies
maturity as of the date of the report, regardless of the
a
original maturity of the instrument involved.
United States dollar positions of the foreign branches
means due for receipt or delivery within
days
from the date of the report.
maturing In
1
2
"Spot"
business
"Short-term" means
year or less from the date of the report.
Section IX
Specified foreign currency.
and
subsidiaries
required
to
of
report
foreign currencies.
United
in
one
States
or
more
presents the
firms
of
the
which
are
specified
Treasury Bulletin
118
.FOREIGN CURRENCY POSITIONS.
Section
I
-
Summary
Positions
Table FCP-I-1. - Nonbanking Firms, Positions
(In millions of foreign currency units)
Report date
i/'
June 1980
119
.FOREIGN CURRENCY POSITIONS.
Section
II
-
Table FCP-II-1.
Canadian Dollar Positions
-
Nonbanking Firms' Positions^
120
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section
II
-
Canadian Dollar Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions
W
fe
1980
121
.FOREIGN CURRENCY POSITIONS.
Section
III
Table FCP-III-1.
French Franc Positions
Nonbanking Firms' Positions
V
122
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section III - French Franc Positions
Table FCP-III-3. - Consolidated Monthly Bank Positions
i&i
June 1980
123
.FOREIGN CURRENCY POSITIONS.
- German Mark Positions
Section IV
Table FCP-IV-1
.
-
(I.-.
Position
Nonbanking Firms' Positions
..lilUoa o; Marks)
T;reasury Bulletin
124
.FOREIGN CURRENCY POSITIONS.
Section IV - German Mark Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions
June 1980
125
.FOREIGN CURRENCY POSITIONS.
Section V
Table FCP-V-1.
-
-
Italian
Lira
Nonbanking Firms' Positions U
(In millions of lire)
Po,
Positions
126
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section VI
Table FCP-VI-1.
Japanese Yen Positions
Nonbanking Firms' Positions
(In millions of yen)
Po
June 1980
127
.FOREIGN CURRENCY POSITIONS.
Section VI - Japanese Yen Positions
Table FCP-VI-3. - Consolidated Monthly Bank Positions
W
128
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VII-1.
-
Swiss Franc
Positions
Nonbanking Firms' Positions
June 1980
129
.FOREIGN CURRENCY POSITIONS,
Section VII - Swiss Franc Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions
ih'
Treasury Bulletin
130
-FOREIGN CURRENCY POSITIONS.
Section VIII
Table FCP-VIII-1.
-
Sterling Positions
Nonbanking Firms' Positions
1/
Junt 1980
131
.FOREIGN CURRENCY POSITIONS.
Section VIII - Sterling Positions
Table FCP-VIII-3. - Consolidated Monthly Bank Positions
w
Treasury Bulletin
132
.FX)REIGN
CURRENCY POSITIONS.
Section IX - United States Dollar Positions Abroad
Table FCP-IX-1. - Nonbanking Firms' Foreign Subsidiaries' Positions
June 1980
133
.FOREIGN CURRENCY POSITIONSSection IX - United states Dollar Positions Abroad
Table FCP-IX-3. - Monthly Bank Foreign Office Positions
w
,
134
Treasury Bulletin
FOREIGN CURRENCY POSITIONS.
Footnotes
1/
Worldwide net positions on the last business day of the
b/
All current assets other than liquid assets and short-
calendar quarter of nonbanking business concerns in the
term trade receivables, and financial assets maturing in
United States and their foreign branches and majority-
more
partnerships
owned
than
one
year
from
receivables and Installment paper which have been sold
term trade receivables,
or discounted
and stocks,
before maturity,
parent companies*
U.S.
(plant
investment in their majority-owned foreign subsidiaries,
assets
fixed
(plant
equipment)
and
report
date
long-
long-term intracompany claims,
bonds, and other securities.
equipment)
and
Includes
.
prepayments,
and
Fixed assets
investment
parents'
majority-owned foreign subsidiaries
capitalized
and
the
inventories,
intracompany accounts,
Excludes
subsidiaries.
and
in
are excluded.
leases for plant and equipment.
7/
2/
branches
Foreign
majority-owned
and
partnerships
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay-
and
ables;
subsidiaries only.
intracompany liabilities, accrued expenses, and
maturing
liabilities
3/
Weekly
worldwide
institutions
branches
positions of
net
the United States,
in
majority-owned
and
and
banking
report date.
and their
foreign
excluded.
banks
foreign
in
more
than
one
year
from the
Capitalized plant and equipment leases are
subsidiaries.
8/
Excludes capital assets and liabilities.
Outstanding aniDunts of foreign exchange which have been
contracted
4^/
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net positions including capital assets
to
be
received or delivered in the future.
Excludes spot exchange.
9/
Columns CD, (3), (5), and (7) less columns (2)
,
(ii)
,
(6)
and (8).
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
10 /
rates
Representative
on
the
report
date.
Canadian
their foreign branches and majority-owned subsidiaries.
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
6/
Foreign branches and majority-owned subsidiaries only.
foreign units per U.S. dollar.
SECTIONS II THROUGH IX
11 /
Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
1^/
section
Positions of nonbanking business concerns in the United
In
States
sidiaries only.
their
and
branches
foreign
partnerships and subsidiaries.
and
majority-owned
sectionDC
In
positions
X,
foreign branches and majority-owned sub-
12 /
Excludes capital assets and liabilities.
13 /
Includes both spot and forward exchange contracts.
Ii4/
Sum of columns (3) and
(8).
15/
Sum of columns (U) and
(9).
16 /
Sum of columns (5) and (10).
17/
See footnote 10.
18/
See footnote 11.
19 /
Fixed-rate loans are reported by time remaining to final
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Includes unsettled spot foreign exchSinge purchase contracts,
well
as
as
currency,
deposits, negotiable and
other
financial instruments maturing in
the report date,
other
receivable,
1
and
time
transferable
year or less from
intracompany claims and loans to
repayable
parties
accounts
and
demand
readily
on
unaccepted
and
Other
demand.
trade
loans,
drafts
are
excluded.
V
Includes
unsettled
contracts,
spot
foreign
exchange
sales
maturity or the nearest call date, whichever is earlier,
intracompany UabUities, other than short-term
and floating-rate loans by time remaining to the nearest
trade payables, short-term borrowings due in
less
from the report date,
long-term
debt
.
Other
1
year or
interest-fixing date.
and the current portion of
loans
,
accrued
expenses
and
20/
V
21/
Due in
year or less; includes intracompany trade
!
receivables.
Receivables and installment paper sold or
discounted before maturity are excluded.
5,/
Due
in
payables.
1
year or
less;
includes intracompany trade
Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
accounts payable are excluded.
Sura
of columns (3) and (6).
Revised.
n.a. Not available.
r
135
June 1980
FINANCIAL OPERATIONS OF
Section II
Table GA-II-1.
-
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
Treasury Bulletin
136
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
March
31, 1980
(In thousands of dollars)
loans or credit
Di rect
Guarantees and -irnsurance
gency and program
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans
Funds appropriated to the President:
Appalachian regional development programs:
ApDi'lachian housing program
-
Foreign assistance:
International security assistance:
Emergency security assistance for Israel...
Foreign military credit sales
Liquidation of foreign military sales fund:
Long-term credits
Military credit sales to Israel
^46,131
6,123
295,000
Total International Security Assistance.
International development assistance:
Bilateral assistance:
Agency for International Development;
Alliance for Progress, development loans..
Common defense, economic, and triangular
trade loans
3, ^'10, 218
17,6^0 5/
89,832
7,653,908
Development loan fund liquidation account.
Development loans
Housing guaranty fund
Grants and other programs
A,19A,0bl
Total Agency for International Development
15,165,659
Overseas Private Investment Corporation
2 3
,
5A
5
Total funds appropriated to the President
17,220.364
Agriculture Department:
Commodity Credit Corporation:
Commodity loans
Long-term dollar credit sales
Short-term export dales credits
Storage facility and equipment loans
Investments acquired in settlement of claims.
Non-commercial risk assurance
5,477,858
6,720,685
.;, 370,945
1,381,156
Total Commodity Credit Corporation.
Agricultural Marketing Service:
Milk market orders assessment fund.
Farmers Home Administration:
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise
Nonfarm enterprise
Operating loans
Guaranteed operating loans
Recreation loans
Soil and water conservation loans
Emergency loans
Guaranteed emergency loans
Guaranteed emergency livestock loans
Economic emergency loans
Guaranteed economic emergency loans
Emergency loans refinanced
Indian land acquisition loans
Grazing, recreation, irrigation, and forestry
loans
Watershed works of improvement and flood
prevention loans
Resources conservation and development loans..
Programs in liquidation
Total agricultural credit insurance fund.
Rural development insurance fund:
Water and waste disposal loans to associations
Community facilities loans to associations..
Business and industrial development loans...
lo
Guaranteed business and industrial devel
.
Total rural development insurance fund
465
Maximum
authori ty
j_/
Amount
outstanding
Maximum
authority If
Government
fee or premium
Maturity
range
(Percent) 3/
range
(Years) 3/
June 1980
137
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
,
Section II-Federal Credit Programs
Table GA-n-2.
-
Direct and Guaranteed Loans Outstanding
March
31,
19«0-Contln«»d
(In thousand of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority
1^/
Amount
outstanding
I-Vholly owned Government enterprises
United States dollar loans - Continued
Agriculture Department-Continued
Farmers Home Administration-Continued
Rural housing insurance fund:
Rural housing loans
Rural housing loans to senior citizens
Rural rental and cooperative housing
Rural housing site loans
Labor housing loans
1,159,306
16,590
406,532
.
Total rural housing insurance fund
Self-help housing land development fund:
Self-help housing land development loans
Total Farmers Home Administration
1,159,30^
16,950
406,532)16/
50
750
34,10V
n
1,617,282
2,092
4, 191, 29*3
Soil Conservation Service:
Water conservation and utilization projects....
Watershed and flood prevention operations
281
1,039
281
1,039
Total Soil Conservation Service
Total Agriculture Department
20,145,563
Commerce Department:
Economic Development Administration:
Revolving fun(J
''
Trade adjustment assistance
"
Maritime Administration:
Ship sales (purchase money mortgages)
Federal ship mortgage insurance fund:
Direct loans
Guaranteed loans
Total Maritime Administration
731,228
20,094
7,969
7,969
126,370
134,3 39
415
15,94 5
432
Total National Oceanic and Atmospheric Admin..
16,792
Total Commerce Department
Defense Department:
Military: Defense production guarantees:
Army
Navy
Total Defense Department
Total Public Health Service
415
50,000
20,000
4
4
857
857
6,7 50
7,611
31,391
Health, Education, and Welfare Department:
Public Health Service:
Health maintenance organization, loan
guarantee and loan fund
Medical facilities guarantee and loan fund.
Health teaching facilities construction:
Guaranteed loans
Community facilities
Construction of hospitals and other
medical facilities
Health professions education fund
Nurse training fund
Other student loan program
7
902,453
Civil:
Ryukyu Islands, construction of power systems.
Energy Department:
Direct loans
Guaranteed loans
731,228
20,094
126,370
National Oceanic and Atmospheric Administration:
Federal ship financing fund, fishing vessels..
Coastal energy impact fund
Fisheries loan fund
32,900
25,045
118
48,223
16,347
5,273
557,940
685,846
15,141.127
274,369
2,154.722
4,143
2 5,000
71,961
Maximum
authority
2^/
Government
fee or premium
Interest
range
(Percent) 3/
Maturity
range
(Years) 3/
.
Treasury Bulletin
138
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2,
-
Direct and Guaranteed Loans Outstanding
March
31,
1980-C«&ti&u*d
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Maturity
Agency and program
Amount
outstanding
I-WholLy owned Government enterprises
United States dollar loans - Continued
Health, Education, Welfare Department - Continued
Office of Education:
Student loan insurance fund
Higher education facilities loans and insurance
fund
Elementary and secondary education 26/.
Higher educational loans to institutions 26/Advances for reserve funds 2j6/Higher educational loans to students^/.
•
Total Office of Education.
Social Security Administration:
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:
Property improvement loans
Purchase money mortgages
Mortgage insurance loans
Total Federal Housing Administration
revolving fund
Housing for the elderly or handicapped.
College housing loans
Low - rent public housing:
Loans to States, territories, etc....
Purchase money mortgages
Nonprofit sponsor assistance
Community disposal operations fund....
Liquidating programs
Total housing programs.
Government National Mortgage Association
Special assistance functions
Management and liquidating functions....
Emergency mortgage purchase assistance..
Guarantees of mortgage - backed
securities fund
Total Government National Mortgage Association.
Community planning and development:
Rehabilitation loan fund
Urban renewal programs
New communities guarantee fund
Total Housing and Urban Development Department.
Interior Department;
Bureau of Reclamation: 26/
Irrigation distribution systems.
Small reclamation projects
Drought emergency assistance....
Total Bureau of Reclamation.
Geological Survey:
Surveys, investigations, and research.
Bureau of Indian Affairs
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
Liquidation of Hoonah Housing Project.
Total Bureau of Indian Affairs.
•
1,010,685
il5,A88
283
7,3i.7
•
19,561
3,783,819
5
Maximum
authority
!_/
Amount
outstanding
Maximum
authority
2^/
Government
fee or premium
range
(Percent) 3/
range
(Years) 3/
June 1980
139
FINANCIAL OPERAIIUNS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
March
31,
1980-Continued
(In thousand of dollars)
Guarantees and insurance
Direct loans or credit
Maturity
range
Agency and program
Amount
outstanding
Maximum
authority
W
Amount
outstanding
Maximum
authority 2/
Government
fee or premium
range
(Percent) 3/
(Years) 3/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Interior Department - Continued
Territorial Affairs:
Public works
Rehabilitation in Guam
Guam Power Authority
Virgin Islands - Construction
529
34,896
529
34,896
36,000
22,000
36,000
61,000
2
30
7
30
7-1/8
7-1/8
4
4
35,425
402,451
Total Territorial Affairs
Total Interior Department
Justice Department:
Law Enforcement Assistance A^siiaistration'
Loans to law enforcement students.
.
3-1/2--7
.
State Department:
Emergencies in the diplomatic and consular service
Loans to the United Nations
Total State Department
Transportation Department:
Federal Aviation Administration:
Aircraft loans
Federal Highway Administration:
Right-of-way revolving fund
Federal Railroad Admi nistratio n:
UbaBS 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
3,498
30,082
3,498
30,082
33,580
184,282
3,100,000
15 ST
1/47.
2—
300,000
25,995
2,804 38/
25,995
2,804
1,142,228
2,400,000
1/47.
63,273
125,000
7/87.
1/47.
997,000
37/
6-1/2
7.8--8.1
10 ST
1--20 ST
39/
15 ST
4-1/8--8-3/8
1--28
7.30--8.35
40
2
84
3--3-1/2
0--3
0--2-3/8
61
30
56
55
Total Transportation Department
Treasury Department:
Hiscellanooufi loans and other assets:
Greece
Hungary
Turkey
Lend-lease and surpluB property
United Kingdom
Total Treasury Department
General Services Administration:
Liquidation of Virgin Islands Corporation
Surplus property credit sales
Federal buildings fund
Total General Services Administration
Veterans Administration:
Direct loans to veterans and reserves
Education loans
Loan guaranty revolving fund:
Acquired mortgages
Guaranteed mortgages
National service life insurance fund
Service-disabled life insurance fund
U.S. Government life insurance fund
Veterans insurance and indemnities
Veterans reopened insurance fund
Veterans special life insurance fund
Vocational rehabilitation revolving fund
Total Veterans Administration
Independent
Community
Loans to
Loans to
agencies:
Services Administration:
individuals
cooperative associations
Total Community Services Administration
12,190
427
120,042
1,285,203
2,330,702
12,190
427
120,042
1,285,203
2,330,702
2
-,748,564
1,620
48,901
5--6-1/2
4--1/2-12
1,620
43,901
1,172,058
1,172,058
50,521
462,235
62,258
462,235
62,258
1,311,398
1,311,398
1,101,952
26,750
45,043
1,197
36,915
62,586
419
6,106,000
155,900
303,000
6,040
375,000
476,300
419
4--9-1/2
42,731,708
42,731,708
40/
40/
40^
40/
40'
3,110,753
3,233
3,233
5,'621
5,621
-1/8
-1/8
0--10
0--30
0--26
,
•
Treasury Bulletin
140
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
March
31,
1980-Continned
(In thousands of dollars)
Direct loans or credit
Guarantees and insurance
Agency and program
Amount
outstanding
I-Wholly owned GovemmenC enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
Loans for capital outlay: y^l^*-^Advances to Stadium sinking fund Armory
Bpard . .
1,629.377
,
.
Repayable advances
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
12,327,OOJ
39,691
341,388
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
78,999
45,082
Interstate Commerce Commission:
Railroad loans
National Credi t Union Administration:
Share insurance fund
Small Business Administration:
Business loan and investment fund:
Financial assistance psogram:
Business loans
Economic opportuni ty loans
Handicapped loans
Local development company loans
State development company loans
Small business energy 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
Off-budget Federal agencies
5^ /
Federal Financing Bank
Rural Electrification Administration:
Rural electrification and telephone revolving
fund:
Electric systems
Telephone systems
Rural Telephone Bank:
Telephone systems
57/
Total Rural Electrification Administration
United States Railway Association:
Direct loans
Total off-budget Federal agencies
Total Part
I
^'1,0^1
1,318 ,172
251 919
60 ,683
260 225
13 ,014
11 005
2,126
Maximum
authority \f
Amount
outstanding
Maximum
authority
2_/
Government
fee or premium
range
(Percent) 3/
Maturity
range
(Years) 3/
141
June 1980
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
,
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
March
31,
1980-<}<mtiBB«d
(In thousands of dollars)
Direct loans or credit
Guarantees and insurance
gency and program
Amount
outstanding
Maximum
authori ty 1/
234,427
37,229
967,211
234,427
37,229
968,740
471,961
471,961
Amount
outstanding
Max imum
Government
authority 2/ fee or premium
Interest
range
(Percent) 3/
Maturity
range
(Years) 3/
Il-Wholly owned Government enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance;
Bilateral assistance:
Agency for International Development:
Development loan fund liquidation account
Private enterprises ^?/
Common defense, and triangular trade loans
Productive credit guaranty loans
All other loans
Total funds appropriated to the President
,
4,078
,
Total Part II
Ill-Privately owned Government-sponsored enterprises
Farm Credit System:
Banks for cooperatives:
Cooperative associations
Federal intermediate credit banks:
Production credit associations
Federal land banks:
Mortgage loans
0—2-3/8
J
1,541
h
1,725,042
^
I
9,195,653
19,419,206
19,419,206
33,315,336
33,315,336
61,930,195
Federal Home Loan Bank Board:
Federal home loan banks:
Advanc es to member banks
Federal Home Loan Mortgage Corpcration:
Mortgage loans
47,275,007 60/ 47,275,007 61/
4,170,701 $2/
Total Federal Home Loan Bank Board
4,170,701
51,445,708
Federal National Mortgage Association
Total Part III
9,195,653
I
Total Farm Credit System
Student Loan Marketing Association
1/47.
I
5--40
l-r/-^" 58-1/2
10-40
1—10
2—40
4,078
,
Treasury Department:
Lend-Lease and surplus pjroperty
International Communications Agency
0--8
0—12
3/4--7-1/4
10-13
1/2--6-1/2
52,452,786
52,452,786
905,773
905,773
166,734,462
10—17
At request of
rhe U.S.
.
.
142
Treasury Bulletin
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Footnotes to Table GA-II-2.-Continued
19/
20/
Determined by the Secretary of Commerce.
Maxlmu:.! authorization for direct and guaranteed loans is $1,500,000
thousand which has been prorated between direct loans and guaranteed
^/
Loans.
21 /
Represents premium on insured loans; there
—
22 /
Advances shall be repaid within such period determined by the
Commissioner depending on the maturity and solvency of the reserve fund.
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, 1979, the latest avaible.
Represents estimated insurance on loans outstanding and loan reports
in process of
$3,396,757 thousand.
Includes interagency holdings by the community disposal operations
fund and the Government National Mortgage Association, and loans
held by the Federal Home Loan Mortgage Corporation and the Federal
National Mortgage Association (see footnote 62 in Part III of this
^~
is
no premium on guaranteed
loans.
23/
2A_l
2 5/
26./
27 /
2S
/
j
52 /
Guaranteed emergency loans
Guaranteed operation loans
Guaranteed Livestock loans
Rural development insurance fund:
Guranteed business and industrial loans
Commerce Depar tment:
Ecomomic Development Administration:
Econmic development revolving funds
Housing and Urban Development Department:
Federal Housing Administration
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees
table).
29
/
30 /
31
32
/
/
33/
34/
Represents maximum authority to borrow from the Seceratary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans of $1,370 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
Administration.
Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings.
Statutory^ Application fee, $10 thousand.
Commitment fee, 0.57., of
principal up to $30,000 thousand and 0.17= over $30,000 thousand.
Guarantee charge, 37o of principal amount guaranteed
Annual charge,
0.57o of outstanding amount guaranteed for first seven years, 17. of
outstanding amount guaranteed after first 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 nonirr igation uses and irrigation
land holding in excess of 160 acres bear interest based on the average rate on certain oustanding U.S. marketable obligations.
The guaranteed loan rates are 7.8 - 10.2157=., and Federal funds rate plus
3/87„
Direct loan rate is 5-l/27„.
Default of guaranteed loans
Payment depends on liquidation of Central Railroad of New Jersey.
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 62 in Part III of this table.).
Administrative: minimun 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 shall be fixed by the Secretary of the
Treasury at the beginning of the b-month period in which the loans
are made.
Represents balances from the Water, Highway, General ,Sani tary
Sewage and Metro Area Sanitary Sewage Works funds pursuant to
Public Law 94-333 dated June 30, 1976.
Shipment coverage rates as of
March 31, 1980 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 $912
thousand.
Shipment coverage rates as of
March 31, 1980, were $0,53 to ^6,62
on each $100 of financed portion (contract price minus cash payment)
Shipment coverage rates as of
March 31, 1980
were $0,12 to $2,14
on each $100 of gross invoice value.
Veterans Administration:
Loan guaranty revolving fund
Other independent agencies:
Small Business Administration:
Business Loan and investment fund
Disaster loan fund
.
35
/
36/
37 /
33/
39^
"J^l
"l^l
^/
43 /
i^y
^5/
4^^^
.47 /
4*/
.49 /
Statutory formulas set minimun rates based on yields of U.S. Government obligations of comparable maturity. Accordingly, rates charged
may exceed minimun and may vary from month to month.
For March
31, 1980, 9-3/87. for EOL and 12,Z55T. for SBIC debenture purchases.
No limitation has been placed on amount of direct or guaranteed
loans that may be outstanding at any one time.
This figure represents the amount of participation by private entities 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)
Overseas Private Investment Corporation
c^ 392
Agriculture Department:
Agricultural credit insurance fund:
Farm owenership loans:
2,243
Farm enterprise
Total
^^/
54 /
55 /
36/
57/
58/
39 /
60 /
61/
6,2/
ST
17,017
3,418
24,260
197,983
32,153
2,919,398
20,475
44,042,279
994,886
1,030
46.309,534
Excludes $82,015,311 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 mortgage held by the ins ti tut ions.
Most outlays of the Rural Electrification and Telephone 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. 941),
Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agenc tes
Interest is 27„ on loans made prior to May 11, 1973.
Loans made
after that date bear interest at 27. or 57. depending on certain
conditions stated in section 305 (b) of an act approved May 11, 1973
(87 Stat. 69).
Guaranteed loans: rate agreed upon by the borrower
and the lender.
This Bank is a mixed-ownership corporation.
Interest rate is average rate of cost of moneys to the telephone
bank as determined by the Governor.
Represents the Cooley loan program established by an act approved
August 13, 1957 (7 U.S. 1704 (e)).
Does not include advances of $3,153 350 thousand to the Federal
Home Loan Mortgage Corporation.
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)).
Consists of mortgages insured by the Federal Housing Administration
and guaranteed by the Veterans Administration of $1^,143.233 thousand;
less. unamortized discount of $34,503 thousand; participation in
conventional loans $£,69i,976 thousand; conventional whole loans of
?379,305 thousand; less loan loss reserve of $9,000 thousand.
Statutory.
June 1980
143
.CUMULATIVE TABLE OF CONTENTS.
July 1979 through June 1980
Issues and page numbers
July
Sept.
Treasury financing operations.
Federal fiscal operations:
Sumnary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
in Federal securities (net)
Trust fund transactions
Selected accrual data reported by Federal
agencies
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
Federal oblieations
10
11
10
11
10
11
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
and loan account balances
Gold assets and liabilities of the Treasury....
:
21
22
20
21
18
19
19
20
17
18
17
18
22
15
16
21
Monetary statistics
Currency and Coin in Circulation
;
Federal debt:
Summary of Federal debt
Computed interest charge and computed interest
rate on interest-bearing public debt
Interest-bearing public debt
Government account series
Interest-bearing securities issued by
Government agencies
Participation certificates
Maturity distribution and average length of
marketable interest-bearing public debt
Debt subject to statutory limitation
Status and application of statutory limitation,
Treasury holdings of securities issued by
Government corporations and other agencies...
Description of securities of Government corporations and other business- type activities
held by the Treasury
Public debt operations:
Maturity schedule of interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstanding
Offering of bills
New money financing through regular weekly
Treasury bills
Offerings of public marketable securities other
than regular weekly Treasury bills
Unmatured marketable securities issued at a
premium or discount other than advance refunding operations
Allotments by investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills....
Foreign series securities (nonmarke table)
issued to official institutions of foreign
countries
Foreign currency series securities (nonmarketable) issued to official institutions of
foreign countries
Foreign currency series securities issued to
residents in foreign countries
United States savings bonds
Sales and redemptions by series, cumulative...
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods. Series £
through K
Redemption of matured and unmatured savings
bonds
Sales and redemptions by denominations. Series
E and H combined
Sales by States, Series E and H combined
27
28
29
29
30
22
23
24
23
24
25
20
21
22
20
21
22
21
22
23
24
25
26
18
19
20
25
26
26
27
Zi
24
23
24
24
25
27
28
21
22
27
28
28
29
25
25
26
25
25
26
26
26
29
29
30
23
23
24
27
28
26
27
27
27
28
29
30
32
33
38
38
35
38
32
37
40
40
36
39
33
38
41
45
50
49
49
46
51
52
71
70
67
71
62
66
62
63
73
63
67
63
64
73
72
69
74
73
70
65
68
74
73
70
65
68
75
77
65
65
71
65
69
65
73
67
71
67
66
72
United States savings notes:
Sales and redemptions by periods
Treasury sui'vev
-
commercial bank ownership
79
80
75
76
80
81
Treasury survey of ownership
70
71
70
71
74
75
71
75
.
33
35
30
31
34
35
:
Ownership of Federal securities:
Distribution by classes of investors and types
of issues
Estimated ownership by private investors
27
:
lU
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS.
July 1979 through June 1980-Continued
Issues and page numbers
July
Market quotations on Treasury securiLies
End-of -month closing quor.atlons
Chart-Yields of Treasury securities...
Sept.
89
92
Apr.
81
Average yields of long-term bonds
Average yields of long-term Treasury, corporate,
and munic ipal bonds
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds
80
S3
76
79
84
May
76
79
83
86
:
89
84
83
90
85
84
Exchange Stabilization Fund:
Balance sheet
Income and expense
86
87
National bank reports
Operating Income and Expense, and dividends
National Bank Calendar Year 1978
:
International financial statistics
U.S. reserve assets
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities
to all other foreigners
U.S. liquid and other liabilities to official
institutions of foreign countries by area
Nonmarketable U.S. Treasury bonds and notes
issued to official institutions of foreign
countries
,
U.S. position in the International Monetary Fund.
Weighted average of exchange rate changes for
the dollar
:
94
9
7
94
83
89
86
90
95
98
95
84
90
87
91
96
97
99
100
91
92
89
90
91
96
97
90
Capital movements
Liabilities to foreigners reported by banks in
:
the Uni ted S ta tes
Uaiins on foreigners reported by banks in the
101
104
95
101
89
90
96
90
97
97
106
109
100
106
94
95
101
95
102
102
113
115
106
112
100
101
107
104
101
108
108
115
117
108
114
102
103
109
106
10
1
110
110
118
120
HI
117
105
106
112
109
106
113
113
131
132
134
136
138
140
133
134
135
137
131
119
133
135
137
138
140
142
121
123
120
122
124
126
127
129
131
126
128
130
132
133
135
137
123
125
127
129
130
132
134
120
122
124
12b
127
129
127
129
131
133
127
129
I
United States
Supplementary liabilities and claims data reported by banks in the United States
Liabilities to foreigners reported by nonbanking
business enterprises in the U.S.
Claims on foreigners reported by nonbanking
business enterprises in U.S
Transactions in long-term securities by foreigners reported by banks and brokers in the
United States
I
I
Foreign Currency Positions
Summary
Belgian Franc Positions...
Canadian Dollar Positions.
French Franc Positions....
German Mark Positions
Italian Lira Positions....
Japanese Yen Positions..,.
Swiss Franc Positions
Sterling Positions
United States Dollar
Positions Abroad
:
Foreign currencies acquired by the U.S. Government without payment of dollar
Foreign currency transactions, summary and
country uses
Foreign currency transactions, U.S. uses and
trust funds
141
143
139
141
142
144
145
146
125
127
129
131
132
134
136
125
126
128
130
131
131
133
134
136
138
134
136
138
:
Financial operation of Government agencies and funds
Government corporations and other business- type
151
137
152
138
:
ac tivi ties
Statements of financial condition
Statements of income and retained earnings....
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund..
Federal Old-Age and Survivors Insurance Trust
Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Fund
Federal Supplementary Medical Insurance
Trust Funds
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts
152
187
178
179
1S9
190
192
138
140
19 3
194
19 5
141
142
143
197
14
137
141
142
144
145
146
148
145
146
149
150
151
5
147
149
14h
150
il
U.S.
GOVERNMENT PRINTING
153
154
OFFICE; 1980
O—
31
1-623 3
DEPARTMENT OF THE TREASURY
FISCAL SERVICE. BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS
OFFICE OF THE COMMISSIONER
WASHINGTON.
553
D.C. 20226
OFFICIAL BUSINESS
PENALTY FOF? PRIVATE USE. S300
FIRST CLASS
~*^^
%
Take
.
stock
in^meirica.
Buy U. S. Savings Bonds
\
@FedFRASER