Full text of Treasury Bulletin : March 1968
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UNITED STATES TREASURY DEPARTMENT
O F F I C E
O F
T H E
S E C R E T A R Y
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March
I
1 9 6 8
C O N T E N T S
T r e a s u r y
o p e r a t i o n s ...................................................................
II
o p e r a t i o n s ..............................................................................
1
O b l i g a t i o n s ......................................................................................................
1 0
A c c o u n t
S t a t e s ......................................
1 6
s t a t i s t i c s ........................................................................................
1 9
F e d e r a l
f i n a n c i n g
fiscal
o f
M o n e t a r y
D e b t
t h e
T r e a s u r e r
o f
the
U n i t e d
o u t s t a n d i n g ...........................................................................................
S t a t u t o r y d e b t
2 0
l i m i t a t i o n ............................................................................
2 5
P u b l i c d e b t o p e r a t i o n s ...................................................................................
2 6
U n i t e d
S t a t e s
s a v i n g s
b o n d s .................................................................
5 7
U n i t e d
S t a t e s
s a v i n g s
n o t e s .
................................................................
6 1
s e c u r i t i e s .................................................................
6 2
O w n e r s h i p
T r e a s u r y
M a r k e t
of
s u r v e y
s e c u r i t i e s ...............................
6 4
s e c u r i t i e s ...............................................
6 9
b o n d s ............................................................
7 2
s t a t i s t i c s ................................................................
7 4
m o v e m e n t s .........................................................................................
7 9
yields
I n t e r n a t i o n a l
C o r p o r a t i o n s
C u m u l a t i v e
Note:
of o w n e r s h i p
q u o t a t i o n s
A v e r a g e
Capital
F e d e r a l
of
o n
T r e a s u r y
l o n g - t e r m
financial
a n d
table
certain
of
of
oth e r
F e d e r a l
b u s i n e s s - t y p e
a c t i v i t i e s .....................
c o n t e n t s .......................................................................
Details of figures may not add to totals because of rounding.
1 0 4
1 0 5
Treasury Bulletin
II
T r e a s u r y
F i n a n c i n g
9-Month and One-Year Bills
O p e r a t i o n s
On February 20 the Treasury announced thab weekly offer
On February 15 tenders were invited for $500 million, or
ings of 3 - m o n t h b i l l s w o u l d be e n l a r g e d by $100 million
thereabouts, of 275-day Treasury bills, representing an addi
commen c i n g w i t h the b i l l s a u c t i o n e d on F e b r u a r y 26, and
tional am o u n t of b i l l s dat e d N o v e m b e r 30, 1967, matu r i n g
p r o b a b l y r u n n i n g t h r o u g h a full 13- w e e k cycle.
November 30, 1968, and for $1 billion, or thereabouts, of 365day Treasury bills to mature February 28, 1969, both series
to be issued February 29, 1968.
These issues were to refund
Treasury Bills - General
Treasury bills are sold on a bid basis.
The face amount
$1.4 billion of bills maturing February 29 and to raise $100
is payable without interest at maturity.
million cash.
bearer f o r m only, and in d e n o minations of $1,000, $5,000,
Tenders were opened on February 21.
Tenders received for the 275-day bills totaled $1,348
million, of which $500 m i llion was accepted, including $16
million of noncompetitive tenders.
The average bank discount
They are issued in
$10,000, $50,000, $100,000, $500,000, and $1,000,000 (maturity
value).
Tenders are received at Federal Reserve banks and
branches.
Banking institutions generally may submit tenders for
rate was 5.240 percent.
account of customers.
Tenders received for the 365-day bills totaled $1,520
million, of which $1,002 million was accepted, including $28
million of noncompetitive tenders.
The average bank discount
rate was 5.281 percent.
Tenders may be made without deposit by
incorporated banks and trust companies and by responsib]e and
recognized dealers in investment securities.
Tenders from
others must be accompanied by payment of 2 percent of the face
amount of bills applied for, unless the tenders are accompanied
by an express guaranty of payment by an incorporated bank or
13-Week and 26-Week Bills
Issues of r e g u l a r w e e k l y T r e a s u r y bil l s in F e b r u a r y
totaled $12.6 billion, replacing $12.5 bill i o n of maturing
trust company.
Noncompetitive tenders (without stated price), usually for
There were three 91-day issues and one 90-day issue
$200,000 or less from any one bidder, are accepted in full at
of $1.5 billion each, one 92-day issue of $1.6 billion, and
the average price of accepted competitive bids for an issue.
four 182-day issues and one 181-day issue of $1.0 billion each.
Payment for accepted tenders mast be made or completed or
bills.
Average rates for the new issues are shown in the following
table.
Lhe date of issue, in cash or other immediately available funds
or in a like face amount of Treasury bills maturing on that
date.
13-week
26-week
(Additional amount of bills of
original maturity of 26 weeks)
Date of —
Additional
issue
1968
Original
issue
Approximate
equivalent
arvryiial
average
rate 1/
1967
Feb.
1
8
15
23
29
Nov.
accounts.
Foreign S e ri es and F o r e i g n C u r r e n c y Series
Date of
issue
Approximate
equivalent
annual
average
rate 1/
4.846
4.957
5.040
4.939
5.065
Feb.
F o r e i g n series securities issued in February totaled
$1,209 million,
i ndebtedness.
million.
c o n s i s t i n g of t w enty-two certificates of
R e d e m p t i o n s for the m o n t h t o t a l e d $1,065
At the end of February, foreign series securities
outstanding totaled $1,995 million.
1968
2
9
16
24
30 2/
Payment for 13-week, 26-week, 9-month, and one-year
bills ma y not be m ade by credit in Trea s u r y tax and loan
1
8
15
23
29
4.956
5.120
5.276
5.134
5.235
(Details are shown on
page 53 .)
No foreign currency series securities were issued or
redeemed in February.
At the end of February foreign currency
series securities outstanding totaled an equivalent of <$1,390
million, and were denominated in Austrian schillings, Belgian
1/
2/
Bank discount basis .
This was an additional issue of the bills dated
May 31, 1967.
Note:
francs, German marks, Italian lire, Netherland guilders, and
Swiss francs.
(Details are shown on page 56.)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
March
19 6 8
1
FEDERAL FISCAL OPERATIONS
A N N O U N C E M E N T
As announced in the January Treasury Bulletin, the tables showing
administrative budget and trust fund receipts and expenditures have been
discontinued.
Certain historical tables, based on the 1969 Budget of
the U. S. Government, which show data on the basis of budget concepts
adopted pursuant to the recommendations of the President's Commission
on Budget Concepts, will be shown until a new series of tables designed
especially for the Bulletin can be fully developed on the new basis.
T ab le 1. - Budget R eceipts, Outlays, F in an cin g, and Debt
(in millions of dollars)
Estimate
Actual
Description
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
79,617
79,048
92,481
94,393
99,656
106,578
112,702
116,855
130,901
149,591
155,830
178,108
Receipts, expenditures, and
net lending:
Expenditure account:
Expenditures (excludes net
lending)............. *....
81,177
89,693
90,385
96,717
104,660
111,465
118,122
116,718
130,740
153,238
169,856
182,797
Expenditure deficit (-)..
-1,560
-10,645
2,096
-2,324
-5,004
-4,887
-5,420
137
161
-3,647
-14,026
-4,689
Loan account:
Loan disbursements.........
Loan repayments............
6,520
4,976
7,859
5,201
8,310
6,427
7,869
6,671
9,621
7,271
9,646
9,791
10,237
9,693
10,911
9,662
14,628
10,796
17,787
12,611
20,869
15,091
20,372
17,106
Net lending...............
1,544
2,659
1,882
1,198
2,351
-145
545
1,249
3,832
5,176
5,779
3,265
Total budget:
79,617
79,048
92,481
94,393
99,656
106,578
112,702
116,855
130,901
149,591
155,830
178,108
Expenditures and net
lending....................
82,720
92,352
92,268
97,915
107,011
111,320
118,667
117,966
134,572
158,414
175,635
186,062
Budget deficit (-).......
-3,103
-13,304
213
-3,522
-7,355
-4,74 2
-5,965
-1,111
-3,671
-8,823
-19,805
-7,954
Budget financing: 1/
Borrowing from the public....
Reduction in cash balances,
6,607
8,331
1,777
1,143
9,453
5,971
2,978
3,953
6,031
3,551
20,840
8,000
-3,504
4,973
-1,990
2,379
-2,098
-1,229
2,987
-2,842
-2,360
5,272
-1,035
-46
3,103
13,304
-213
3,522
7,355
4,742
5,965
1,111
3,671
8,823
19,805
7,954
279,147
225,972
286,666
234,303
289,243
236,080
290,991
237,223
301,074
246,676
308,488
252,647
■314,377
255,625
320,806
259,578
329,473
265,609
341,343
269,160
369,993
290,000
387,167
298,000
Total, budget financing..
Outstanding debt, end of y e a r: V
Gross amount outstanding....
Held by the public...........
Source: The Budget of the United States Government, Fiscal Year 1969.
1/ Data represent results of preliminary adjustment to new budget
concepts and may be revised later.
Treasury Bulletin
2
_ FEDERAL FISCAL OPERATIONS..
Table 2. - B udget R eceipts by Source
(in millions of dollars)
Actual
Description
1958
1959
I960
1961
1962
34,724
20,074
8,624
1,924
36,719
17,309
8,821
2,131
40,715
21,494
11,248
2,668
41,338
20,955
12,679
2,904
45,571
20,523
12,835
3,337
682
10,638
1,393
781
777
769
10,578
1,333
925
463
768
11,676
1,606
1,105
1,200
866
Excise t a x e s ..........................
Estate and gift t axes................
C ustoms...............................
Other receipts.......................
Total, budget receipts............
79,617
79,048
5,330
Individual income t a xes.............
Unemployment insurance..............
Premiums for insurance and
Memorandum
(Excluded above; offset against
expenditures)
Interfund and intragovernmental
transactions......................... ) 4,119
Proprietary receipts from the public
Source:
Estimate
1966
1967
1968
1969
48,792
25,461
17,358
3,819
55,446
30,073
20,662
3,777
61,526
33,971
27,823
3,652
67,700
31,300
29,730
3,660
80,900
34,300
34,154
3,594
1,042
1,006
13,731
2,394
1,252
1,126
1,079
14,570
2,716
1,442
1,617
1,126
13,061
3,066
1,767
1,923
1,853
13,719
2,978
1,901
2,168
2,049
13,848
3,100
2,000
2,443
2,275
14,671
3,400
2,070
2,744
106,578
112,702
116,855
130,901
149,591
155,830
178,108
7,099
6,655
6,761
7,592
6,588
4,948
7,415
4,430
8,241
4,617
1963
1964
1965
47,588
21,579
14,746
4,112
48,697
23,492
16,959
4,045
1,896
982
913
873
12,534
2,016
1,142
825
944
13,194
2,167
1,206
92,481
94,393
99,656
5,309
6,508
5,654
11,860
See Table 1.
T able 3. - Budget Outlays by F u n ction
(in millions of dollars)
Actual
Estimate
Description
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
44,461
46,667
45,848
47,532
51,179
52,275
53,682
49,586
56,771
70,095
76,491
79,792
2,912
89
2,790
145
3,310
401
3,242
744
4,034
1,257
4,279
2,552
4,434
4,171
4,196
5,091
4,343
5,932
4,110
5,423
4,330
4,803
4,478
.4,573
2,541
1,203
2,922
4,718
1,233
4,367
2,893
1,084
4,643
2,877
1,626
4,929
3,491
1,736
5,193
4,398
1,607
5,516
4,545
6,283
4,032
2,140
7,043
2,764
2,167
6,789
3,156
2,113
7,308
4,412
2,416
7,695
4,474
2,483
7,996
-36
15,763
375
5,076
6,936
1,010
30
18,019
550
5,183
7,070
1,159
21
19,105
659
5,063
8,299
1,332
157
22,368
740
5,392
8,108
1,508
160
23,963
842
5,378
8,321
1,653
193
25,677
953
5,666
9,215
1,799
151
27,201
1,109
5,552
9,810
2,072
116
28,143
1,309
5,634
10,358
2,231
442
33,194
2,449
5,707
11,285
2,316
577
39,512
3,602
6,366
12,548
2,452
1,429
51,945
4,364
7,131
Special allowances.................
Undistributed adjustments to
-
-
-
-
-
-
-
-
-
697
46,396
4,157
6,798
13,535
2,618
100
-2,076
-2,239
-2,272
-2,506
-2,547
-2,666
-2,931
-3,164
-3,421
-4,022
-4,591
-5,049
T otal, expenditures..............
81,177
89,693
90,385
96,717
104,660
111,465
118,122
116,715
130,740
153,238
169,856
182,797
Net lending:
050 National defense...............
150 International affairs and
1
-12
-7
-41
#
-64
-31
-3
-1
-3
-2
-4
Expenditures:
150 International affairs and
finance........................
250 Space research and technology.
350 Agriculture and agricultural
resources.....................
500 Commerce and transportation...
550 Housing and community
650
700
800
850
Health, labor, and welfare....
Education.......................
Veterans benefits and services
Interest........................
2,042
-
14,400
2,827
1,950
433
418
-235
127
528
-95
-283
-21
100
540
716
675
472
3
56
700
6
71
457
11
27
462
648
731
18
145
642
23
139
777
16
275
911
19
193
1,221
19
138
899
16
158
1,135
7
125
165
1,064
1,078
64
490
1
231
-301
2
225
129
-1
-147
19
229
88
16
1,984
32
376
214
5
1,708
572
445
532
2
3,257
21
384
370
-40
1,355
-538
335
211
-37
350 Agriculture and agricultural
400 Natural resources..............
500 Commerce and transportation...
550 Housing and community
development...................
650 Health, labor, and welfare....
18
74
21
193
-
-
800 Veterans benefits and services
900 General government............
165
261
-12
180
245
-14
363
-15
201
296
-3
-8
-1,012
1
288
-146
-11
Total, net lending...............
1,544
2,659
1,882
1,198
2,351
-145
545
1,249
3,832
5,176
5,779
3,265
Total, expenditures and net
lending..........................
82,720
92,352
92,268
97,915
107,011
111,320
118,667
117,966
134,572
158,414
175,635
186,062
Source: See Table 1.
*
Less than $500,000.
-
204
248
March
19 6 8
3
_____ FEDERAL FISCAL OPERATION S_____
T a b le 4. - S u m m ary o f F is c a l O p e r a t io n s
(in millions of dollars)
Budget receipts, expenditures and lending
Fiscal year
or month
Net
receipts
Net
expend
itures
Means of financing - net transactions
Loan account 1/
Receipt-expenditure account
Surplus or
deficit(-)
Loan
disburse
ments
Loan
repay
ments
Borrowings from the public - Federal. securities
Net
lending
Budget
surplus or
deficit(-) Public debt Agency
securities securities
Investments
by Government
accounts and
IMF holdings
2/
Total
borrowings
from the
public
1968 (Est.).........
1969 (Est.).........
155,830
178,108
169,856
182,797
-14,026
-4,689
20,869
20,372
15,091
17,106
-5,779
-3,265
-19,805
-7,954
20,810
11,877
7,448
4,596
-7,418
-8,474
20,840
8,000
1968-January........
February.......
M a r c h ..........
Ap r i l..........
M a y ............
12,237
14,882
-2,645
1,890
1,301
-589
-3,233
1,596
1,434
933
3,963
79,529
99,961
-20,432
10,785
8,467
-2,318
-22,750
20,038
3,186
-264
22,961
Ju l y...........
August.........
September......
October........
November.......
D ecember.......
Fiscal 1968 to date.
Selected balances, end of period
Means of financing - net transactions (continued)
Changes in cash and monetary assets (deduct)
Fiscal year
or month
Within
general
account of
Treasurer,
U. S.
With
Interna
tional
Monetary
Fund
With other
Government
officers
)
1968 (Est.).........
1969 (Est.).........
1,020
-173
1968-January........
Fe binary.......
M a r c h ..........
A p r i l..........
M a y ............
J u n e ...........
1,775-
-182
1,062
341
Total
Federal securities
Other
means of
financing
3/
Total
budget
financing
General
Account of
Treasurer, Public debt
securities
U. S.
Investments
by Government
Agency
securities accounts and
IMF holdings
2/
Held by
the public
1,018
-173
-18
-219
19,805
7,954
8,779
8,606
347,031
358,908
25,899
30,495
-82,930
-91,404
290,000
298,000
14
1,607
877
3,233
8,821
346,259
21,639
-77,449
290,449
69
1,472
1,261
22,750
8,821
346,259
21,639
-77,449
290,449
Ju l y ...........
August.........
September.....
October........
November.......
December.......
Fiscal 1968 to date.
Source: Data shown on this table are on the basis of budget concepts adopted
pursuant to recommendations of the President's Commission on Budget
Concepts, as used in the 1969 Budget document. Actual figures are from
the monthly statement of receipts and expenditures of the Government;
estimates are from the 1969 Budget document released January 29, 1968.
1/
2/
3/
Includes investments in non-Federal securities.
IMF holdings consist of non-interest bearing special notes.
Includes accrued interest payable on public debt securities,
deposit funds, miscellaneous liability and asset accounts,
and seigniorage.
4
Treasury Bulletin
___ FEDERAL FISCAL OPERATIONS----Table 5. - Budget Receipts by Principal Sources
(In millions of dollars)
Internal Revenue
Fiscal year
or month
Individual
Not
withheld
Withheld
Corpo
ration
58,826
67,125
67,918
71,945
75,324
78,891
79,792
92,132
1968 (Est.)....
1969 (Est.)....
56,400
20,325
23,255
32,400
3,674
3,075
944
859
823
635
6,728
4,295
1,065
9,328
1967-Ja n ........
F e b ........
M a r ........
A p r ........
M a y ........
July.......
A u g ........
S e p t .......
O c t ........
N o v ........
D e c ........
42,811
50,521
67,300
5,268
4,157
3,591
4,987
4,204
21,296
22,336
24,301
26,131
30,834
34,918
35,200
6,216
701
3,071
3,843
5,164
4,236
4,171
5,302
4,477
Total
income
taxes
22,179
21,765
29,001
31,675
32,978
36,246
38,719
39,259
36,840
16,820
18,486
18,850
For old-age,
disability,
For rail
and hospital road re
tirement
insurance
1/
18,092
1959............
1960............
1961............
1962............
1963............
1 9 6 4............
1965............
1966............
1 9 6 7............
11,733
13,271
13,175
14,403
14,269
15,331
Excise taxes
Employment taxes
Income taxes
946
642
4,032
913
264
211
2,864
298
162
588
4,224
351
8,004
10,211
11,586
11,686
104,288
13,484
15,558
15,846
19,005
25,563
109,125
125,755
26,529
30,494
7,572
6,847
11,743
14,102
6,753
16,602
5,381
6,051
9,052
1,957
2,515
2,035
1,381
1,977
1,499
5,053
6,017
11,132
324
341
345
458
948
851
20,256
793
567
603
866
621
28,016
622
12,708
15,004
17,003
17,104
26,958
16
118
72
76
503
11
4
4
1,673
3,352
2,353
3,157
3,033
125
74
129
64
2
1
2
1
1
1
2
12
129
70
8
2,171
2 .,642
2,923
3,080
3.-405
3,646
3-782
4,037
4,652
12,502
32,110
8
Highway
Revenue
Act
8,854
11,159
659
957
1,582
Total
employ
ment
taxes
525
607
571
564
572
594
636
684
2,731
2,274
3,142
2,904
2,490
For un
employ
ment
insurance
4,483
4,903
340
367
603
326
355
348
2,566
1,970
Other
Estate
and gift
taxes
11,011
2,746
3,094
3,014
4,907
5,024
5,948
6,235
6,536
7,115
5,991
7,211
9,510
9,629
10,028
3,140
3,440
11,161
807
708
936
697
919
945
269
224
270
352
445
196
873
207
8,589
9,222
9,141
9,672
10,005
10,304
9,362
9,461
2,416
2,106
1,390
2,107
1,565
308
733
876
928
822
199
234
193
1968-Jan........
4,352r
3,800r
940
9,092r
l,517r
12
82
l, 6llr
366
827r
Fiscal 1968 to
d a t e ...........
31,544r
7,950r
12,286
51,779r
12 ,88lr
424
90
13,395r
2,619
5,720r
1,588
Custom
duties
195 9.................
I960.................
1961.................
1962.................
1963.................
1964.................
196 5.................
1966.................
1967.................
948
1,123
1,008
1,171
1,241
1,284
1,478
1,811
1,972
110
162
161
1968 (Est.).........
1969 (Est.).........
2,072
144
142
2,142
155
158
156
152
148
146
x-
1967-Jan............
F e b ............
M a r ............
A p r ............
M a y ............
June...........
160
134
170
30
150
166
14
July...........
A u g ............
Sep t...........
O c t ............
N o v ............
D e c ............
160
1968-Jan............
Fiscal 1968 to
date................
176
Old-age
survivors,
disability and
health
insurance
539
708
824
947
1,071
1,253
1,351
1,554
2,257
2,600
10,550
10,948
13,708
2,316
2,386
16,318
550
2,197
841
9,118
19,817
175
191
168
8,218
9,848
14,335
8,051
9,471
11,820
495
11,639
1,719
73,382
253
247
190
Medical
insurance
for the
aged
Unemployment
insurance
1,701
2,167
2,398
2,729
3,009
3,042
3,052
3,067
2,917
_
_
_
_
615
Federal
Miscellaneous
employees
receipts
retirement
contributions
769
768
866
873
944
1,006
1,079
1,126
1,220
Dedu c t :
Refunds
Net
budget
receipts
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
72
72
155,830
178,108
2,900
2,800
714
895
1,335
3,003
2,443
2,744
8
70
311
25
133
857
29
54
47
53
52
45
54
117
97
105
97
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
51
44
51
53
47
49
110
102
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6
450
13
1
8
638
21
1
6
111
Insurance
premiums
Deposits by States
Fiscal year
or month
143,693
165,075
2,035
2,187
210
238
Railroad
Unemployment
Insurance
Act
10,700
1,626
1,916
662
Total
internal
revenue
74,891
86,750
88,453
93,206
99,390
105,146
108,443
121,669
138,864
1,353
369
463
355
345
383
339
2,646
Deduct:
Refunds
41
1,380
104
106
111
116
1
160
7
28
10
518
16
103
613
63
38
401
39
181
-i.
15
36
54
140
177
5
12,237
1,215
72
1,270
1,294
348
790
1,203
45
79,529
178
163
179
193
30
3
675
32
Source: Data shown on this table are on the basis of budget concepts adopted
pursuant to recommendations of the President's Commission on Budget
Concepts, as used in the 1969 Budget document. Estimates are from the
1/
*
103
105
1969 Budget document released January 29, 1968.
Beginning February 1966 includes hospital insurance.
Less than $500,000.
n.a.
Not available.
r
Revised.
March
1 9 6 8
FEDERAL FISCAL OPERATIONS
INTERNAL REVENUECOLLECTIONS BYPRINCIPALSOURCES
1954 '56
’58
’60
’62
’64
’66
’68
Source: Internal Revenue Service collection rep orts and M onthly S tatem ent o f R eceipts and Expenditures o f the U. S. Government. For explanation o f difference
in reporting basis from budget receipts through 1954, see the Treasury Bulletin for July 1962, p. 8 0 , and in the Annual R eport o f the Secretary o f the Treasury
fo r 1962, p. 5 9 9 .
* Beginning with the fiscal y e a r 1 9 5 5 , includes undistributed depositary receipts and unapplied collections.
* Included in "Excise Taxes”above. Currenty e a r collections o f "Alcohol and Tobacco Taxes'*, and preceding y e a r comparable periods (derived from Internal
Revenue Service collection rep orts), lag behind to tal excise tax figures by one month.
Office of the Secretary of the Treasury
B-I65-X
Treasury Bulletin
6
___ FED ER AL FISCAL O PERATION S^—
T a b le 6. - B u d g e t O u tla y s by A g e n c ie s
(In millions of dollars)
Fiscal year
or month
Legis
lative
Branch
Judi
ciary
Executive
Office
of the
President
Funds appropriated
Net
exp.
Net
lending
Agriculture Department
Total
Net
exp.
Net
lending
Commerce Department
Total
Net
exp.
Net
lending
Total
1968 (Est.)............
1969 (Est.)............
274
285
95
102
32
33
5,062
5,424
14
#
5,076
5,424
6,556
6,790
150
378
6,705
7,167
737
795
45
58
782
853
1968-January...........
February..........
Ma r c h .............
A p r i l.............
M a y ................
22
6
3
379
1
379
462
30
492
80
*
81
149
46
15
2,713
7
2,721
4,367
126
4,493
461
J u l y ..............
August............
October...........
December..........
Fiscal 1968 to d a t e ...
Health, :E ducation, and
TaTo"! ta r*o HonQT»+.moiTf.
Defense Department
Military
Fiscal year
or month
Net
exp.
Net
lending
Total
Civil
1/
Net
exp.
Net
lending
Total
Housing and Urban
Tloirol nnmon+. FIoti'3r»+mon +
16
477
Interior Department
Net
exp.
Net
lending
Total
Net
exp.
Net
lending
Total
Justice
Depart
ment
1968 (Est.)............
1969 (Est.)............
73,694
76,658'
*
-1
73,695
76,657
1,378
1,343
40,787
45,889
72
-119
40,859
45,769
985
1,756
3,565
1,460
4,551
3,216
758
911
21
12
779
923
444
555
1968-January...........
February..........
6,891
*
6,891
101
3,233
14
3,247
142
365
507
114
1
115
34
44,118
-6
44,113
845
22,339
43
22,382
426
1,908
2,334
749
12
760
241
A p r i l.............
M a y ................
J u l y ..............
Aug u s t............
September.........
Oc t ober ...........
November..........
D e c ember ..........
Fiscal 1968 to date....
Eootnotes at end of table.
(Continued on following page)
March
7
1968
.FE D E R A L FISCAL OPE RA TI ONS ,
T a b le 6. - B u d g et O u tla y s by A g e n c ie s - (C o n t in u e d )
(in millions of dollars)
Treasury Department
Fiscal year
or month
Post
Office
Depart
ment
Labor
Depart
ment
State
Depart
ment
Trans
portation
Department
Interest
on public
debt
Other
1,087
767
428
439
5,753
6,282
14,350
15,200
111
225
373
169
34
445
1,262
-12
1,814
671
325
3,697
8,239
-256
1968 (Est.).........
1969 (Est.).........
3,876
3,800 1/
1968-January........
February.......
M arch ..........
April ..........
M a y ............
Ju n e ...........
General Services Adm.
National
Aero
nautics
and Space
Adm.
Atomic
Energy
Com
mission
Net
exp.
14,461
15,425
2,333
2,546
435
534
-46
-41
389
493
4,803
4,573
1,250
197
34
-2
32
372
7,982
1,420
262
-2
259
2,664
Net expenditures
Net
lending
Total
*
Net
lending
Total
J u l y ...........
August.........
September.....
October........
November.......
December.......
Fiscal 1968 to date.
Veterans Administration
Fiscal year
or month
Net
exp.
Net
lending
Total
Other independent agencies
Net
exp.
Net
lending
Total
Undistributed
interfund
receipt
transactions
Purchase and
sale of FHLB
and FLB
securities
Net exp.
Net lending
Totals
Net
exp.
Net
lending
Total
5,779
3,265
175,635
186,062
1968 (Est.).........
1969 (Est.).........
6,768
7,113
370
268
7,139
7,382
3,598
3,763
1,587
1,365
5,185
5,127
-4,590
-5,048
-
1968-January........
February.......
Ma r c h ..........
A p r i l ..........
M a y ............
J u n e ...........
570
25
595
149
127
276
-177
28
14,882
589
15,471
3,796
178
3,975
2,610
599
3,209
-1,748
-564
99,961
2,318
102,279
2/
2/
169,856 3/
182,797 U
Ju l y...........
A u g u s t.........
September.....
October........
November.......
December.......
Fiscal 1968 to date.
Source:
See Table 41/
Includes net lending.
2/
Estimates are distributed by agency and included under "Net
lending."
3/
lj
*
Includes undistributed allowances of $100 million.
Includes $1,600 million for civilian and military pay increase
and $350 million for undistributed allowances.
Less than $500,000.
Treasury Bulletin
8
____ FEDERAL FISCAL OPERATIONS____
T a b le 7. - D e ta il o f E xcise Tax R eceip ts
(in thousands of dollars)
First two quarters
of fiscal year
Fiscal year
Second quarter
of fiscal year
Type of tax
1966 1/
1968 1/
1967 1/
(Oct.-Dec. 1966) (Oct.-Dec. 1967)
1967 1/
1967 1/
1968 1/
2,809,777
112,574
892,028
3,007,080r
122,835r
945,808r
1,553,529
64,189
476,550
1,681,839
64,622
497,161
906,258
37,715
215,517
988,048
37,043
222,631
3,814,378
4,075,723
2,094,267
2,243,622
1,159,490
1,247,722
Other 2 / ......................................................
57,662
2,006,499
9,796
55,736
2,023,090
1,043
28,723
982,177
528
29,110
1,070,510
657
14,916
480,802
226
15,766
530,807
343
Total tobacco taxes..........................................
2,073,956
2,079,869
1,011,428
1,100,276
495,943
546,916
Documentary and certain other stamp taxes:
Documentary stamp taxes l j ..................................
Playing cards j>/............. ...............................
Silver bullion sales or transfers 6 / .......................
146,453
2
2
68,252
6
2
36,292
5
2
40,941
*
18,749
-
Total documentary and certain other stamp taxes..........
146,457
68,260
36,299
40,941
13,045
5
13,050
1,518,646
51,270
252,384
609,470
222,544
6,569
-3,343
-2,591
-885
1,776
-950
-772
-133
4,140
-323
-25
-1,127
1,555,581
44,358
250,980
646,161
215,013
34,389
643
132
61
2,413
-96
-57
27
4,632
34
73
492
780,891
24,060
119,222
224,761
90,051
942
-317
-169
-335
884
-704
-80
-8
1,454
-1
-60
-1,555
803,325
23,061
117,657
245,196
91,653
15,400
-29
-2
31
1,272
4
-75
6
1,692
-7
-7
361
16,527
294
5
17,470
1
2,772,307
8,507
137
1
9,109
*
-
1,247,681
1,308,645
34
301
6
131
33
241
111
51
471
436
23
86
*
*
110
Alcohol ta x e s : 2/
Distilled spirits........ ....................................
W i n e s .........................................................
Total alcohol taxes..........................................
Tobacco taxes: 2/
Cigars.............................. .........................
Manufacturers’excise taxes:
Gasoline ] / ...................................................
Lubricating oil, e t c .........................................
Tires, tubes, and tread rubber 7 / ..........................
Passenger automobiles, chassis, bodies, etc. 8 / ..........
Trucks and buses, chassis, bodies, etc. 7 / ................
Parts and accessories for automobiles, trucks, etc. 9/...
Radio and television sets, phonographs, components, etc.
Refrigerators, freezers, air-conditioners, etc. 1 0/......
Electric, gas, and oil appliances j>/......................
Pistols and revolvers.......................................
Phonograph records j>/.......................................
Musical instruments j>/......................................
Sporting goods (other than fishing rods, creels, etc.) j>/
Fishing rods, creels, e t c ...................................
Business and store machines j>/.............................
Cameras, lenses, film, and projectors j>/..................
Electric light bulbs and tubes 1 1 / .........................
Firearms (other than pistols and revolvers), shells
2,824,189
90,776
481,803
1,492,225
460,069
196,546
-3,761
137
5,367
3,008
3,148
-1,512
2,317
7,894
6,745
1,064
16,230
Mechanical pencils, pens, and lighters j>/.................
24,344
2,133
1,147
Total manufacturers' excise taxes.................. .......
5,613,869
Retailers’excise taxes:
27,806
378
5
5,478,347r
2,673,475
5/
Jewelry, etc. ...............................................
Luggage, e t c ..................................................
Footnotes at end of table.
2,932,894
92,573r
503,753r
l,413,833r
468,910r
34,640r
-1,329
-2,650
-758
4,176
-2,323
-1,349
-193
9,824
-461
-341
- 1,042
3,179
43,264
20,814
40,898
204
1,643
555
1,218
108,155
3,619
(Continued on following page)
131
1,220
488
1,041
2,880
18,749
March 1968
9
_____________ FEDERAL FISCAL OPERATIONS_____________
T a b le 7. - D eta il o f E xcise Tax R e ce ip ts - (C on tin u ed )
(in thousands of dollars)
1967
1967 1/
1968 1/
45 ,668
35,736
52,571
907,917
16
139,624
115
1,902
17
102,932'
159,326
1,341
326
16,498
248
705
5,689
358
3,041
1,825
l,101,853r
*
170,323r
51
33
•*
104,203
182,147r
1,340
51
16,680
42
572
5,624
I 84
1,872
1,068
315,608
*
70,681
28
28
62
926
826
604,087
*
65,420
104,240
3
63
25,653
2,775
1966
Miscellaneous excise taxes:
Admissions to theaters, concertsT etc. 1 2 / .............
Admissions to cabarets, roof gardens, etc. 1 2 / .........
Club dues and initiation fees 1 3 / ........................
Telephone, w i r e t etc. and equipment service 14 / ........
Transportation of oil bv pipeline 1 5 / ........... .......
Transportation of persons 1 6 / ............................
Transportation of property (including coal) 15/
Use of safe deposit boxes 1 7 / ........... ................
Coconut and other vegtable oils processed 1 8 / ..........
Su g a r .......................................................
Diesel and special motor fuels 7/ 1 9 / ...................
Narcotics and marihuana, including occupational t a xes..
Coin-operated amusement devices 1 7 / .....................
Coin-operated gaming devices.............................
Bowling alleys, pool tables, etc. 1 7 / ...................
Wagering occupational t a x .................................
W a g e r s ......................................................
Use tax on highway motor vehicles weighing over
26,000 pounds 7 / ..........................................
Adulterated butter and filled cheese (imported and
domestic), process or renovated butter and imported
oleomargarine.............................................
Firearms transfer and occupational t a x e s ................
Interest equalization 2 0 / .................................
Foreign insurance..........................................
Second quarter
of fiscal year
First two quarters
of fiscal year
Fiscal year
Type of tax
10
-6
1
1968 1/
1967 1/
(Oct.-Dec. 1966) (Oct.-Dec. 1967)
70
919
396
116,316
*
41,757
11
31
467
541
344,138
*
20,428
4
613
25
12,465
28
378
2,791
56,592
100,654
821
14
11,500
6
303
2,805
5
*
31 ,506
44,606
191
9
524
10
116
1,472
108,178
72,446
71,803
11,718
9,632
7
73
19,898
15,762
*
33
13,853
7,253
1
42
34,362
8,862
*
17
3,507
3,783
*
16
27,098
4,653
1
57,641
86,203
-6
1
29,516
53,103
298
10
664
1
86
1,369
Total miscellaneous excise taxes.........................
1,603,364
l,732,062r
643,200
959,091
256,934
492,048
Total received with returns and from sales of stamps....
13,437,880r
6,461, 549
7,116,708
825,053
318,368
-151,954
3,173,534
338,211
3,614,190
Undistributed depositary receipts and adjustment 2 1 / ....
13,366,179
-87,595
Unapplied collections.......................................
125, 527
-149,186r
-17,683
181,564
-124,735
-153,876
6,762,234
7, 146,319
3,387,010
3,692,636
Total excise t a x e s ...........................................
13,398,112
Source: Internal Revenue Service reports. The figures shown include
collections for credit to special accounts for certain island posses
sions. Floor stocks taxes are included with the related classes
of tax.
1/ Negative figures stem primarily from floor stock credits taken on
certain of the taxes repealed by the Excise Tax Reduction Act of 1965.
2/ Releases showing details are published monthly.
2/ Chewing, smoking tobacco, and snuff, repealed effective January 1,
1966, (Public Law 89-44).
4 / Issues and transfers of stocks and bonds, repealed effective
January 1, 1966 (Public Law 89-44). Tax on foreign insurance payable
by return on and after January 1, 1966, (Public Law 89-44 and
T. D. 6868).
5/ Repealed effective June 22, 1965, (Public Law 89-44).
6/ Tax on transfer of interest in silver bullion, repealed effective
June 3, 1963, (Public Law 88-36).
7/ Collections reflect the provisions of the Highway Revenue Act of
1956, approved June 29, 1956 (23 U.S.C. 120 note).
8/ Rate 10 percent through M a y 14, 1965; 7 percent from M ay 15, 1965
through December 31, 1965; 6 percent January 1, 1966 through
March 15, 1966, (Public Law 89-44). Under Tax Adjustment Act of
1966, rate restored to 7 percent, effective March 16, 1966, (Public
Law 89-368).
2/ Automobile parts and accessories (except truck parts), repealed
effective January 1, 1966, (Public Law 89-44).
10/ Air conditioners, repealed effective M a y 15, 1965. Refrigerators and
freezers, repealed effective June 22, 1965, (Public Law 89-44).
11/ Sales of light bulbs for incorporation in articles upon which the
14,113,748
12/
13/
\lj
15/
16/
17/
18/
19/
20/
21/
*
r
232,322
manufacturers' tax was repealed effective June 2 2 f 1965 (e.g. refrig
erators), will be free of tax on and after such date. Tax on all
other light bulbs and tubes, repealed effective January 1, 1966,
(Public Law 89-44).
Repealed effective noon December 31, 1965, (Public Law 89-44)•
Repealed effective January 1, 1966, (Public Law 89-44).
General and toll telephone and teletypewriter service reduced to 3 per
cent, January 1, 1966. Private communications services, telegraph
service, and wire equipment service, repealed effective January 1, 1966,
(Public Law 89-44). For general and toll telephone services and for
teletypewriter exchange service, the rate of tax on amount paid on bills
first rendered on or after April 1, 1966 for services rendered after
January 31, 1966, is increased from 3 percent to 10 percent of the
amount paid (Public Law 89-368).
Repealed effective August 1, 1958, by an act approved June 30, 1958
(26 U.S.C. 4292 note).
Repealed effective November 16, 1962, except on air transportation,
which was reduced to 5 percent.
Repealed effective July 1, 1965 (Public Law 89-44).
Repealed effective August 31, 1963.
Excludes diesel fuel not for use in highway vehicles.
Extended through July 31, 1969 by the Interest Equalization Tax
Extension Act of 1967, (Public Law 90-57).
Undistributed depositary receipts represent the amount of excise tax
depositary receipts issued, less the amount of depositary receipts
received with excise tax returns.
Less than $500.
Revised.
Treasury Bulletin
10
OBLIGATIONS
of categories which are based upon the nature of the trans
MObligations" are the basis on which the use of funds is
controlled in the Federal Government.
action without regard to its ultimate purpose.
They are recorded at the
All payments
for salaries and wages, for example, are reported as personnel
point at which the Government makes a firm commitment to
acquire goods or services and are the first of the four key
compensation, whether the personal services are used in current
events— order, delivery, payment, consumption— which charac
operations or in the construction of capital items.
terize the acquisition and use of resources.
In general, they
Federal agencies and firms often do business with one
consist of orders placed, contracts awarded, services received
another; in doing so, the "buying” agency records obligations,
and similar transactions requiring the disbursement of money.
and the "performing" agency records reimbursements.
In
The obligational stage of Government transactions is a
Table 1, obligations that are incurred within the Government
strategic point in gauging the impact of the Government1s
are distinguished from those incurred outside the Government.
operations on the national economy, since it frequently repre
Tables 2, 3, and U show only those incurred outside.
sents for business firms the Government commitment which
Data on obligations on a monthly basis have been col
stimulates business investment, including inventory purchases
lected during the past four years for the administrative
and employment of labor.
Disbursements may not occur for
budget fund accounts.
months after the Government places its order but the order
The data for fiscal years 1964, 1965,
and 1966 were published in the September 1967 Treasury Bul
itself usually causes immediate pressure on the private
letin.
e c o nom y.
Data on the trust fund accounts for fiscal 1967 were
published in the October 1967 Treasury Bulletin.
Obligations are classified according to a uniform set
O b l i g a t i o n
b u d g e t
t h r o u g h
Current year-
to-date data will be p u b l i s h e d as it becomes available.
d a t a
c o n c e p t s
D e c e m b e r
b a s e d
o n
p r e v a i l i n g
1 9 6 7 .
March
11
19 68
OBLIGATIONS
Section I. - Administrative Budget Funds
Table 1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, December 31, 1967
___________________________________________________(in millions of dollars)
Gross obligations incurred
Object class
Total
Within
Personal services and benefits
Personnel compensation..............
Personnel benefits...................
Benefits for former personnel.......
15,971
1,325
1,198
1,302
15,971
2,627
1,198
Contractual services and supplies
Travel and transportation of persons
Transportation of things............
Rent, communications, and utilities.
Printing and reproduction...........
Other services.......................
Supplies and materials..............
672
2,094
877
114
11,095
12,217
331
824
362
96
2,783
4,443
1,002
2,918
1,239
210
13,878
16,660
Acquisition of capital assets
Equipment.............................
Lands and structures.................
Investments and loans................
6,356
1,626
4,153
855
132
541
7,211
1,758
4,693
Grants and fixed charges
Grants, subsidies, and contributions
Insurance claims and indemnities....
Interest and dividends...............
Refunds...............................
11,106
2,397
6,376
139
328
1,211
11,434
2,397
7,587
139
Other
Undistributed U. S. obligations....
Obligations incurred abroad.........
Unvouchered...........................
-1,391
3,118
4
535
-1,388
3,653
9
Gross obligations incurred 1 / ........
79,453
13,745
93,197
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.)
Source: Reports on Obligations, Standard Forms 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
*
Gross obligations incurred (as above).......... $93,197
Advances, reimbursements, other income, etc.... 23,102
Net obligations incurred......................... 70,095
Less-than $500,000.
Table 2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and M ajor Object Class, D ecem ber 31, 1967
(in millions of dollars)
Major object class
Major function
National defense.........................
International affairs and finance......
Personal
services
and
benefits
12,427
Contractual
services and
supplies
19,780
Acquisition of
capital assets
Equipment
Lands and
structures
Investments
and loans
6,105
452
4
917
Grants
and
fixed
charges
Other
86
2,826
41,680
243
262
1,856
Total
153
256
24
1
Space research and technology..........
199
2,057
38
15
-
1
*
2,309
Agriculture and agricultural resources.
263
1,957
5
6
1,459
2,869
-1,364
5,194
Natural resources.......................
626
474
68
756
16
287
-3
2,224
Commerce and transportation............
2,806
905
64
49
274
476
-22
4,553
73
18
*
268
1,082
818
2
2,262
5,582
Housing and community development......
Health, labor, and welfare.............
396
585
6
5
56
4,534
#
Education................................
80
82
3
5
119
1,902
1
2,192
Veterans benefits and services.........
582
144
25
10
223
2,433
25
3,442
-
6,254
-
6,254
Interest..................................
-
General government.......................
889
811
17
59
3
115
9
1,904
18,495
27,069
6,356
1,626
4,153
20,017
1,736
79,453
T otal...................................
*
Less than $500,000.
-
-
-
Section I. — Administrative Budget Funds
to
Table 3. - Gross Obligations Incurred, Outside the Federal Government
by Department or Agency, D ecem ber 31, 1967
(in m illions o f dollars)
Personal services
C lassification
Legislative Branch 2 / . . . . . . ...............
The Judiciary..........................................
Executive O ffice o f the President...
Funds appropriated to the President;
Military assistance...........................
Economic assistance..........................
Other.....................................................
&benefits
Benefits
Personnel Personnel for
benefits former
compen
personnel
sation
3/
Bent, c cmTravel and
trans
Transpor mimicat ions,
portation tation of and
u t ilit ie s
of persons things
Printing
and
Other Supplies
Equip
repro
ser and
duction vices materials ment
62
71
1
lands
and
struc
tures
Grants and fixed charges
Invest
ments
and
loans
Grants,
subsidies,
and con
tributions
Other
Insurance
U idistribInterest
claims
uted U.S.
and indem- and
Refunds obliga
dividends
n ities
tions
Total
gross
Obliga
obliga
liitions in
tions
vouch- incurred
curred
abroad
ered
25
BEECRTS NCfl
173
1
4
6
72
103
352
21
Agriculture Department:
Cannodity Credit Corporation..
Other.............................................
404
22
Carmerce Department.
131
5
Defense Department:
Military:
Department of the Army..........
Department of the Navy..........
Department o f the Air Force.
Defense agencies.....................
Civil defense..........................
Acquisition o f
capital assets
Contractual services and supplies
6l
1
3,098
3,537
3,073
306
333
460
532
2
263
134
96
1,009
6
1,012
500
7
691
596
273
5
1,564
10
65
43
9
119
107
72
148
154
482
4
13
16
1
34
9
6
130
237
1,677
183
2,557
31
527
1,172
2,603
2,555
257
3
2,734
2,518
1,528
1,839
6,590
9,337
6,022
3,635
20
647
809
2,094
1,083
200
65
114
12
157
20
31
34
2
1
21
2
31
29
602
733
-1,394
27
3,182
-23
= M =
2,699
1,922
13
9
259
12
634
10,899
12,117
13,828
3,314
20
2,823
Total m ilitary.
10,019
379
17
C iv il.....................
100
5
31
558
21
921
241
10
26
5
45
5,568
6,006
HH
O
*
260
245
940
358
1,913
HH
o
2
w
166
19
Health, Education, and Welfare
Department....................................
Housing and Urban Development
Department:
Federal National Mortgage
A ssociation............................
Other..........................................
Interior DeDartment............
Justice Department.............
Labor Department.................
Post O ffice Department
State Department.................
Transportation Department.
Treasury Department:
Interest on the public debt.
Interest on refunds, e t c . . . .
Other..................... ...................
Atomic Energy Commission.............
General Services Administration.
National Aeronautics and Space
Administration..............................
Veterans Administration...............
Other independent agencies:
Export-Import Bank o f Washington.
Small Business Administration.. . .
Tennessee Valley Authority............
Other.......................... ........................
1,325
1
6
65
19
294
167
16
46
44
2,196
85
359
23
9
3
12
14
13
4
1
*
375
9
6
1
9
3
1
48
34
81
26
10
110
17
136
17
1,161
78
1,942
51
3
375
2
43
135
17
199
578
2
21
87
167
54
18
17
3
1
29
2
*
11
2
15
32
48
32
*
6
105
610
225
2
132
-3
2
1
*
48
16
55
1
33
1,325
1,198
672
2,094
78
462
67
395
4
1,449
47
72
1
158
2,309
3,435
827
223
262
2,274
25
812
7
309
301
13
25
178
5
source: Beports on Obligations, Standard Forms 225, from agencies.
Note: Agency shifts are shown in this table beginning with the period of such sh ifts.
plete fis c a l year are adjusted at that time.
877
114
The amounts for the com
680
6,176
6,176
78
25
610
3,118
79,453
64
15,971
LI ,095 12,217
td
2,755
293
34
118
2
o
322
807
1
1
10
40,178
212
107
D istrict of Columbia.
T otal.
34
6,356
1,626
4,153
11,106
75
2,397
6,376
139
-1,391
1 7 For purposes o f this report this object class is considered as to ta lly within the Federal Government except
for the Department of Defense.
2 / Includes reports fo r Library o f Congress, Government Printing O ffice, and General Accounting O ffice only.
*
Less than $530,000.
j
I
re
Section I. - Administrative Budget Funds
Table 4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Months
&
I-
(in millions of dollars)
Comparable
period
Cumulative FY
1967
to date
Fiscal Tear 1968
Fiscal Year 1967
Object Class
Dec.
National defense:
Personal services and benefits:
1
j
|
i
Jan.
Feb.
Mar.
Apr.
May
June p
July
Aug.
Sept.
Oct.
Nov.
Dec.
1,706
234
176
10,091
1,325
1,012
9,378
1,233
885
1,528
210
156
1,577
203
156
1,444
193
158
1,590
■208
158
1,549
214
159
1,610
159
161
1,704
207
162
1,714
222
164
1,702
223
166
1,671
208
168
1,660
226
168
1,637
214
170
54
61
65
3
1,301
1,448
74
269
71
7
822
1,278
79
96
68
3
758
1,209
71
147
78
4
1,140
1,274
69
143
75
5
771
1,295
83
398
70
3
1,068
1,559
94
211
75
7
1,705
2,265
92
173
88
6
1,493
1,131
92
130
86
6
1,163
1,800
86
412
76
7
1,803
1,960
82
287
92
6
1,177
1,704
81
267
75
5
781
1,525
75
305
83
6
1,342
1,286
507
1,575
499
34
7,758
9,406
438
628
505
28
7,311
8,319
1,122
111
1
993
135
1
909
61
1
979
97
2
978
133
1
1,390
241
1
2,199
245
1
715
1
604
94
1
1,748
89
1
1,373
62
1
675
55
*
990
90
*
6,105
452
4
6,612
617
9
6
5
5
#
40
6
8
-
29
3
5
#
4
3
5
*
18
4
4
*
11
3
5
*-
33
4
6
-
3
7
5
*
2
5
6
-
3
6
6
-
5
6
6
-
3
4
5
5
4
6
*
21
32
34
*
31
27
30
-
Other:
Undistributed U. S. obligations........
Obligations incurred abroad............
Unvouchered..............................
-1
348
1
*
407
1
518
1
411
1
621
1
6
477
2
-6
435
2
*
518
1
587
1
*
452
1
479
2
-2
329
1
-1
457
2
-3
2,822
7
#
2,204
7
Total national defense..................
6,427
6,048
5,536
6,171
6,040
7,246
9,349
6,394
6,668
8 ,696
7,335
5,826
6,763
41,680
38,260
!
1,389
-
961
11
886
7
957
20
901
12
976
16
1,147
13
915
36
987
_
4
953
_
22
979
20
963
_
93
1,084
10
5,881
186
5,859
164
i
25
170
70
11
490
356
23
128
58
14
472
782
23
74
60
9
463
477
26
99
53
12
425
232
28
94
59
10
35
152
81
13
761
895
28
95
60
26
437
27
79
67
12
682
701
31
74
62
8
623
249
27
104
63
10
476
267
30
80
59
11
359
810
21
88
67
11
536
348
164
623
26
118
54
9
390
304
378
80
3,336
2,812
153
586
347
77
3,729
3,117
45
147
1,183
52
150
688
38
138
879
66
108
826
72
124
294
66
124
1,652
214
201
1,450
44
420
765
38
178
704
43
200
457
42
127
447
34
143r
702
51
105
1,073
1,175
4,148
298
1,390
5,716
1,904
385
724
18
1,030
371
1,179
19
914
381
1,061
19
1,564
389
1,160
50
1,097
392
1,100
4
1,604
405
1,035
15
2,989
395
-182
-36
1,469
404
1,159
-15
1,551
387
1,084
28
3,724
391
1,154
22
1,044
391
1,122
35
1,13 5r
393
1,117
47
2,162
400
706
22
11,085
2,365
6,342
139
10,738
2,327
6,060
86
153
95
-188
52
*
639
49
1,082
84
*
338
87
*
23
189
*
-76
188
2
-256
36
*
-937
44
#
-412
51
1
156
69
#
70
31
*
-1,388
296
2
-2,806
297
2
Personnel benefits......................
Benefits for former personnel..........
Contractual services and supplies:
Travel and transportation of persons...
Transportation of things.... ...........
Rent, communications, and utilities....
Printing and reproduction..............
Other services...........................
Supplies and materials..................
i
!
I
;
o s
0 0
Acquisition of capital assets:
Lands and structures....................
Investments and loans...................
Grants and fixed charges:
Grants, subsidies, and contributions...
Insurance claims and indemnities.......
Refunds..................................
Non-defense:
Personal services and benefits:
Personnel compensation..................
Personnel benefits......................
Benefits for former personnel..........
Contractual services and supplies:
Travel and transportation of persons...
Transportation of things...............
Rent, communications, and utilities....
Printing and reproduction..............
Other services...........................
Supplies and materials..................
Acquisition of capital assets:
Equipment................................
Lands and structures....................
Grants and fixed charges:
Grants, subsidies, and contributions...
Insurance claims and indemnities.......
Interest and dividends..................
Refunds..................................
61
W
p
7
|
!
j
402
660
520
252
-9
64
■
K
Total non-defense.......................
*
7,171
5,804
6,119
7,154
'5,638
7,006
8,243
6,284
5,636
7,655
5,380
6,078
6,741
37,772
38,142
Grand total..............................
13,598
11,852
11,655
13,325
11,679
14,253
17,592
12,678
12,303.
16,350
12,714
ll,903r
13,504
79,453
76,403
Preliminary.
E
a
5
HH
o
a
Other:
Obligations incurred abroad............
Unvouchered..............................
o
* Less than #500,000.
r
Revised.
CO
CO
Treasury Bulletin
14
OBLIGATIONS
Section II. - Trust Funds
Table 1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, December 31, 1967
(in millions of dollars)
Gross obligations incurred
Object class
Outside
Personal services and benefits:
Personnel compensation...............
Personnel benefits...................
Benefits for former personnel.......
Total
253
253
19
3
3
Contractual services and supplies:
Travel and transportation of persons
Transportation of things............
Rent, communications, and utilities.
Printing and reproduction...........
Other services........................
Supplies and materials...............
550
6
Acquisition of capital assets:
Equipment.............................
Lands and structures.................
Investments and loans................
7
14
1,138
Grants and fixed charges:
Grants, subsidies, and contributions
Insurance claims and indemnities....
Interest and dividends...............
Refunds...............................
2,710
16,070
109
316
Other:
Undistributed U. S. obligations....
Obligations incurred abroad.........
Unvoucher e d . . ........... .............
Gross obligations incurred 1 / .......
7
A
25
3
627
112
2
16.
2
77
106
327
334
14
1,138
2,710
16,070
204
316
-166
5
229
63
5
21,032
874
21,906
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.)
Source: Reports on Obligations, Standard Forms 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow.
(This data is on the basis of Reports on Obligations
*
Gross obligations incurred (as above)........... $21,906
Advances, reimbursements, other income, e t c ....
1.361
Net obligations incurred.......................... 20.545
Less than $500,000.
Section II. - Trust Funds
Table 2. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Months
(In millions of dollars)
Fiscal Year 3968
Fiscal Year 19o7
Object class
Dec.
Jan.
Feb.
Mar.
Apr.
May
June p
Aug.
July
Sept.
Oct.
Nov.
44
*
41
1
Personal services and benefits:
Personnel compensation......................
Personnel benefits...........................
Benefits for former personnel..............
39
1
38
1
35
1
41
1
38
42
41
39
42
40
-
-
-
-
_
_
1
1
1
1
1
1
Contractual services and supplies:
Travel and transportation of persons.......
Transportation of things....................
Rent, communications, and utilities........
Printing and reproduction...................
Other services...............................
Supplies and materials.............. .......
1
#
1
*
59
1
1
1
#
1
*
83
1
1
-x2
*
108
1
1
*
1
1
66
*
1
*
1
68
1
1
*
2
#
81
1
84
2
1
#
1
#
87
1
1
#
1
*
89
1
1
*
2
*
100
1
1
*
92
1
1
#
1
*
92
1
Acquisition of capital assets:
Equipment.....................................
Lands and structures........................
Investments and loans...................... .
1
2
144
1
2
244
1
1
162
1
2
40
1
3
33
1
8
54
5
10
42
2
3
101
1
1
209
1
6
205
1
1
221
1
1
197
226
2,478
16
22
241
3,070
17
30
241
2,136
17
27
264
2,837
18
31
415
2,708
18
36
628
2,925
17
43
555
2,660
30
39
298r
2,655
17
42r
453r
2,679
17
45r
428r
2,643
17
33r
*
8
-
*
1
-
-9
-
1
-
#
1
-
#
1
*
*
2
*
%
*
-
*
1
-
1
-1
-
-1
3
2,998
3,718
2,698
3,322
3,365
3,790
3,474
3,250
3,540
3,478
3,680
Grants and fixed charges:
Grants, subsidies, and contributions........
Insurance claims and indemnities........... .
Interest and dividends...................... .
Refunds....................................... .
Other:
Undistributed U. S. obligations.............
Obligations incurred abroad.................;
Unvoucher ed.................................. .
Total.................................. .
p
Preliminary.
2
Less than $500,000.
r
Revised.
53 lr
2,695
19
71r
Dec.
Comparable
period
Cumulative FY
1967
bo date
48
253
_
227
_
*
3
3
1
*
2
#
91
1
7
2
8
*
550
6
6
2
7
3
447
5
1
1
205
7
14
1,138
7
13
888
471
2,693
22
71
2,710
16,070
109
316
1,962
13,814
83
157
-166
-
-115
1
-
5
-
*
15
-
3,591
3,494
21,032
17,638
j
1
529r
2,705
18
55r
-52
1
\
1
Treasury Bulletin
16
ACCOUNT OF THE TREASURER OF THE UNITED STATES___________________________
S ource and A va ilab ility of the Balance in the T reasurer’ s Account
The account of the Treasurer of the United States re
the same bank.
On occasions, to the extent authorized by the
flects not only budget receipts and expenditures but also
Treasury, banks are permitted to deposit in these accounts
trust, deposit fund, and public debt transactions.
proceeds from subscriptions to public debt securities entered
The w o r k i n g cas h of the T r e a s u r y is h e l d m a i n l y in
for their own account as well as for the account of their
Treasurer's accounts with Federal Reserve banks and branches.
customers.
As the balances in these accounts become depleted, they are
The tax and loan account system permits the Treasury to
restored by calling in (transferring) funds from the tax and
leave funds in banks and in the communities in which they arise
loan accounts with thousands of commercial banks throughout
until such time as the Treasury needs the funds for its opera
the country.
tions.
Deposits to tax and loan accounts occur in the normal
In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
course of business under a uniform procedure applicable to all
econony.
banks whereby customers of banks deposit with them tax pay
A detailed description of the Treasury's depositary system
ments and funds for the purchase of Government securities.
may be found in the Annual Report of the Secretary of the
In most cases the transaction involves merely the transfer of
Treasury for 1955, pages 275-284.
money from a customer's account to the tax and loan account in
Table 1. - Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal year
or month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold
balance
in
Treasury
Total
operating
balance
Silver
balance,
coinage
metal,
coin, and
currency
In Federal
Reserve
Banks in
process of
collection
In other
depositaries
Total
assets
70
74 2/
58
55
93
62
273
337
222
303
342
234
233
370
577
429
375
335
441
313
360
320
252
266
5,451
8,092
6,769
10,509
12,116
11,036
12,610
12,407
7,759
Unclassified
collections,
etc.
Balance in
account of
Liabilities
Treasurer
1/
of United
States
100
87
75
79
1959..................
196 0 ..................
196 1..................
1962..................
1963..................
1964..................
1965..................
196 6..................
1967..................
535
504
408
612
806
939
672
766
1,311
3,744
6,458
5,453
8,815
10,324
9,180
10,689
10,050
4,272
101
106
109
121
120
120
108
102
112
4,380
7,068
5,969
9,548
11,251
10,238
11,469
10,917
5,695
306
253
179
147
136
145
534
775
1,159
1966-December........
416
4,096
118
4,629
879
45
275
183
6,011
1967-F ebruary........
M a r c h ...........
April...........
M a y .............
June............ .
386
828
1,360
574
1,311
3,299
4,430
5,415
3,469
4,272
111
113
118
115
112
3,795
5,370
6,894
4,159
5,695
942
992
1,043
1,036
1,159
93
31
31
73
62
322
237
534
191
577
257
191
383
167
266
5,410
6,821
8,884
5,626
7,759
-
July............
August..........
September.......
October.........
November........
D ecember........
1,340
1,051
778
697
1,581
1,123
4,552
3,937
5,808
5,171
4,407
4,329
114
120
107
107
126
112
6,007
5,108
6,692
5,975
6,115
5,564
1,136
1,149
1,168
1,136
1,090
1,061
46
215
218
229
219
222
233
147
106
201
155
128
143
7,551
6,607
8,336
7,542
7,601
7,046
-
1968-January.........
February........
1,153
1,197
5,977
7,601
111
110
7,241
8,908
1,036
967
124
263
158
180
8,821
10,359
-
Source: Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, there-
63
58
64
27
46
57
47
45
49
2/
256
-
-
5,350
8,005
6,694
10,430
12,116
11,036
12,610
12,407
7,759
6,011
-
-
5,410
6,821
8,884
5,626
7,759
7,551
6,607
8,336
7,5 &
7,601
7,046
8,821
10,359
fore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
March
1968
17
ACCOUNT OF THE TREASU RER OF THE UNITED STATES__
Table 2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
Savings
bonds
and
savings
notes 2/
195 9 ..................... .
1960......................
1961......................
1962......................
1963......................
1964......................
1965......................
196 6......................
1967......................
2,668
1967 February............
M a r c h ................
April................
M a y ..................
June..............
238
242
221
230
July.................
August...............
September...........
October.............
November............
December............
222
232
208
1968-January.............
February............
2,679
2,787
2,725
2,699
2,760
2,635
2,704
2,783
221
Retire
ment
plan
bonds 2/
_
Tax
antici
pation
securities
#
7,581
7,784
7,613
5,898
2,963
2
1
1
1
2,340
7,368
7,643
-
-
-
Other
Withheld,
excise,
and cor
poration y
Income (by
special
arrange
ment) 5/
Total
credits
29,190
5,919
6,053
9,142
58,520
57,496
55,842
56,438
57,595
58,277
13,164
7,920
1,788
3,774
3,830
2,014
-
1,627
1,173
*
x
#
*
214
*
*
#
-x-
213
201
#
272
241
x*
1,340
3,856
3,212
2,470
During period
Taxes
Proceeds from sales of securities 1/
Fiscal year
or month
-
_
2,369
-
4,075
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967.
Retirement plan bonds first offered for sale as of January 1, 1963.
Lj Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income tax beginning
33,059
34,511
37,519
41,267
43,580
42,475
48,478
70,524
6,521
6,835
9,921
12,598
14,522
9,257
*
2,392
5,925
6,572
7,900
6,180
8,989
20
_
-
5,503
6,111
9,164
5,204
5,891
9,278
5,662
6,654
_
2/
*
60,050
74,699
91,382
6,164
10,545
8,141
6,410
9,210
9,581
8,712
9,372
8,630.
6,104
9,479
8,404
10,970
With
drawals
End of
period
High
Low
Average
8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
9,979
912
1,390
3,638
4,103
4,151
4,457
5,325
4,747
5,431
4,324
3,775
62,994
54,782
56,847
53,076
56,085
59,421
58,540
75,338
97,160
3,744
6,458
5,453
8,815
10,324
9,180
10,689
6,552
9,414
7,156
8,356
8,408
3,299
4,430
5,415
3,469
4,272
4,462
4,744
3,469
895
3,711
3,796
3,443
5,270
2,450
9,300
9,328
7,501
9,267
6,868
9,557
4,552
3,937
5,808
5,171
4,407
4,329
5,897
4,230
6,316
6,670
4,711
5,542
2,360
1,729
1,528
2,896
3,479
1,266
4,691
3,191
3,581
5,418
4,222
3,368
6,757
9,345
5,977
7,601
5,977
8,004
1,611
3,212
3,816
5,636
10,050
4,272
6,268
5,415
6/658
1,161
1,531
2,535
1,577
1,844
447
710
2,923
1,844
1,462
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; and to all corporation income taxes which become due on or
after March 15, 1968.
Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This procedure
was discontinued in April 1967.
Less than $500,000.
Treasury Bulletin
18
__________________________ ACCOUNT OF THE TREASURER OF THE UNITED STATES___________________________
Table 3. - Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
Cash
deposits
Cash with
drawals 1/
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
Total net
transactions
Plus: Net cash borrow
ing, or repayment of
borrowing (-)
Equals: Treasurer's
account balance, in
crease, or decrease (-)
1959..........................
1960..........................
1961..........................
1962..........................
1963..........................
1964..........................
1965..........................
1966..........................
1967..........................
81,612
94,862
96,897
105,911
114,454
121,562
125,464
141,095
163,036
93,736
93,817
97,774
112,188
118,477
124,047
126,395
142,191
164,591
-12,124
1,044
-877
-6,278
-4,023
-2,485
-931
-1,095
-1,555
-306
309
-510
1,259
1,039
-1,491
-584
-1,075
654
-12,430
1,353
-1,387
-5,018
-2,984
-3,975
-1,515
-2,171
-901
8,032
1,301
76
8,755
4,670
2,895
3,089
1,968
-3,747
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
- 4,648
1967-February................
Ma r c h ...................
April...................
M a y .....................
14,531
14,873
17,133
13,909
19,961
13,174
14,829
11,285
16,177
12,174
1,357
45
5,849
-2,268
7,786
-231
753
-122
433
-422
1,126
798
5,426
-2,390
8,220
-1,886
613
-3,363
-869
-6,086
-760
1,411
2,064
-3,259
2,133
December................
10,232
13,288
14,787
9,458
12,282
12,130
13,873
18,411
13,197
16,085
16,529
12,289
-3,641
-5,122
1,590
-6,627
-4,248
-159
-1,980
993
-397
493
183
-581
-5,621
-4,129
1,193
-6,134
-4,065
-740
5,413
3,186
536
5,340
4,124
185
-208
-944
1,729
-794
59
-555
1968-January.................
February................
13,284
14,383
14,558
17,516
-1,274
-3,133
-284
785
-1,558
-2,348
3,333
3,886
1,775
1,539
Fiscal 1968 to d a t e .........
99,845
122,459
-22,614
-788
-23,403
26,003
2,600
Source: Actual figures are based on the daily Treasury statement. Figures
in the first four columns of this table may differ somewhat from those
originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.
1/
2/
Beginning with the February 1963 Bulletin, figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
Table 4. - Gold Assets and Liabilities o f the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc. 2/
Balance of gold in
Treasurer's account
19,455.9 1/
17,766.6
16,889.0
15,978.1
15,513.0
15,387.7
13,733.2 tj
13,159.1
11,981.6
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,231.0
13,626.4
13,041.3
11,869.6
105.4
101.0
117.8
126.0
120.1
156.7
106.8
117.8
112.0
1967-February..............................................................
M a r c h .................................................................
April.................................................................
M a y ................ ...................................................
June...................................................................
13,106.5
13,107.4
13,108.9
13,109.1
13,109.7
12,995.7
12,994.6
12,990.5
12,994.0
12,997.7
110.8
112.8
118.4
115.1
112.0
July...................................................................
September.............................................................
October...............................................................
November..............................................................
December..............................................................
13,107.8
13,008.1
13,006.1
12,905.4
12,907.7
11,981.6
12,993.5
12,888.1
12,899.3
12,798.6
12,781.4
11,869.6
114.3
120.0
106.8
106.8
126.3
112.0
1968-January...............................................................
February..............................................................
11,984.0
11,882.3
11,872.7
11,772.7
111.4
109.6
196 3 ........................................................................
19 6 4 ........................................................................
1965........................................................................
Source: Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table 1.
2/ Comprises (l) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificates credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; (3) reserve of $156.0 million
against United States notes and through June 30, 1961, Treasury notes
of 1890; and (4 ) gold deposited by and held for the International
Monetary Fund.
The United States payment of the $343.8 million increase in its gold
subscription to the International Monetary Fund, authorized by the
act approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959.
lj The United States payment of the $258.8 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965 (79 Stat. 119) was made on June 30,
1965.
%/
March
19 68
19
— M ON ETARY S T A T IS T IC S ,.
Table 1. - Money in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
1959...............................
I960...............................
1961...............................
1962...............................
1963...............................
1964...............................
19 6 5...............................
1966...............................
1967...............................
110
100
92
85
78
73
68
64
1966-December.....................
J une..........................
J u l y ..........................
September....................
October..................... .
1968-January..................... .
National
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
Currencies presently
being issued 1/
Federal
Reserve
notes 2/
61
57
56
54
53
37
36
22
21
21
31
30
30
29
20
19
13
4
4
2,155
2,127
2,094
2,009
1,847
1,723
829
582
395
37
37
36
36
18
18
4
1
1
63
21
4
558
1
63
62
62
62
61
61
21
21
21
21
21
21
4
4
4
4
4
4
553
552
549
547
547
395
1
1
1
1
1
1
61
61
60
60
60
61
21
21
21
21
21
21
4
4
4
4
4
4
392
386
383
379
376
371
1
1
1
1
1
1
60
21
4
366
1
Coin
Treasury
notes of
1890
1
1
1
*
*
*
*
#
*
*
*
*
*
*
%
*
#
*
United
States
notes
Federal
Reserve
notes Lj
Total
currencies
316
318
318
318
319
321
302
303
300
26,992
27,057
27,316
28,586
30,274
32,338
34,820
37,315
39,289
29,699
29,726
29,943
31,117
32,592
34,529
36,058
38,290
40,071
305
39,231
40,183
299
300
302
301
302
300
37,962
38,164
38,127
38,244
38,907
39,289
38,903
39,104
39,065
39,180
39,842
40,071
304
305
303
303
304
306
39,410
39,573
39,508
39,851
40,831
41,545
40,193
40,351
40,280
40,618
41,597
42,308
299
40,143
40,893
Fractional
coin
Total
coin
Total
money in
circula
tion $/
196 6...............................
1967...............................
285
305
329
360
411
482
482
482
482
1,929
2,033
2,133
2,293
2,466
2,723
3,180
3,782
4,160
2,215
2,338
2,462
2,652
2,878
3,205
3,662
4,264
4,641
31,914
32,065
32,405
33,770
35,470
37,734
39,720
42,554
44,712
180.20
177.47
176.45
180.98
187.30
196.41
204.14
216.10
224.55
1966-December.....................
482
3,998
4,480
44,663
225.45
1967-January.......................
482
482
482
482
482
482
3,979
3,999
4,036
4,069
4,119
4,160
4,461
4,481
4,518
4,551
4,600
4,641
43,363
43,585
43,583
43,730
44,443
44,712
218.70r
219.80
219.60
220.01
223.40
224.55
482
482
482
482
482
482
4,192
4,239
4,270
4,321
4,383
4,436
4,674
4,720
4,752
4,803
4,865
4,918
44,866
45,071
45,031
45,421
46,463
47,226 2J
482
4,445
4,927
45,819
End of
fiscal year
or month
195 9...............................
I 9 6 0 ...............................
1961...............................
1962...............................
1 963...............................
M a y ...........................
J ul y..........................
October......................
Standard
silver
dollars
Source:
Circulation Statement of United States Money through December 1965;
thereafter, Statement of United4 States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 19342 / Issued prior to July 1, 1929.
4/
$/
6/
2/
*
Money in
circulation
per capita
(in dollars) 6/
225.10
225.88
225.46
227.20
232.21
235.84r
228.64
Issued on and after July 1, 1929.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population. Beginning
fiscal 1959 estimates include Alaska, and fiscal 1960, Hawaii.
Highest amount to date.
Less than $500,000.
r
Revised.
Treasury Bulletin
20
______________________________________________DEBT OUTSTANDING______________________ ,_________________________
Table 1. - Summary o f P u blic Debt and G uaranteed Agency Securities
(In millions of dollars)
Total outstanding
End of
fiscal year
or month
Total 1/
Public
debt 2/
195 9................
1960................
196 1................
1962................
1963................
1964................
1965................
1966................
1967................
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
326,733
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
326,221
1966-December......
329,814
1967-February.....
Interest-bearing debt
Guaran
teed
securi
ties
y
Total
Public
debt
607
813
59 0
462
512
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
322,798
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
329,319
495
325,516
A pril........ .
M a y ..........
June.........
330,136
331,454
328,306
331,397
326,733
329,625
330,947
327,801
326,221
511
507
505
509
512
July.........
Aug u s t.......
September....
October......
November.....
D ecember....
331,158
336,374
336,418
341,027
345,634
345,208
330,637
335,850
335,896
340,502
345,090
344,663
1968-January......
F ebruary....
346,813
352,107
346,259
351,556
330,888
Guaran
teed
securi
ties
y u
Matured debt and debt bearing no interest
Public debt
Special notes to Total
Inter
national
Monetary
fund
Inter
national
Development
Association
58
115
129
142
138
64
Total
Matured
812
589
460
512
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
3,935
2,873
3,090
3,299
3,759
3,906
4,356
4,161
4,476
3,935
476
445
349
438
310
295
292
308
284
1,979
2,238
2,496
2,667
2,922
-3,289
3,167
3,614
3,328
325,021
494
4,298
4,298
266
3,669
25
326,201
327,517
324,380
327,502
322,798
325,691
327,010
323,876
326,994
322,286
510
507
505
508
512
3,935
3,937
3,926
3,895
3,935
3,934
3,936
3,926
3,894
3,935
252
272
263
239
284
3,337
3,337
3,337
3,328
3,328
5
-
521
524
523
525
544
545
327,653
332,933
332,968
337,566
342,114
341,738
327,132
332,409
332,447
337,041
341,570
341,194
521
3,505
3,441
3,449
3,460
3,520
3,469
241
524
544
545
3,505
3,441
3,451
3,461
3,520
3,470
178
192
209
270
260
2,947
2,947
2,942
2,937
2,937
2,892
554
552
343,365
348,865
342,812
348,314
553
551
3,448
3,242
3,447
3,242
253
267
2,878
2,658
-
in
140
240
444
no
139
240
444
605
524
521
Source: Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
1/
y
if
InterAmerican
Develop
ment Bank
_
_
55
125
150
150
132
-
-
Other
5/
417
407
396
484
Guaran
teed
securi
ties y
(matured)
480
414
359
323
1
1
1
1
1
1
1
1
*
338
#
340
327
326
328
323
*
-x*
*
*
316
316
315
315
313
317
X
*
2
x
*
420
317
317
*
*
*
Treasury (see Table 6).
Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginning
July 1959 D. C. Armory Board stadium bonds.
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.
Table 2. - Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaran
teed securi
ties 1/
Public
debt
Computed annual interest rate
Computed annual
interest charge
Public debt
and guaran
teed securi
ties y
Public
debt
Public debt
Total
interestTotal
bearing
public
securi
debt
ties
Marketable issues
Total
2/
Bills
y
Certifi
cates
3.316
2.842
4.721
3.073
3.377
3.283
1959...............
196 0 ...............
196 1 ...............
1962...............
1963...............
1964...............
1 965...............
196 6 ...............
1967...............
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
322,798
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
8,069
9,320
8,769
9,534
10,141
10,931
11,488
12,533
12,972
8,066
9,316
8,761
9,519
10,119
10,900
11,467
12,516
12,953
2.867
3.297
3.072
3.240
3.361
3.561
3.678
3.988
4-039
2.867
3.297
3.072
3.239
3.360
3.560
3.678
3.988
4.039
2.891
3.449
3.063
3.285
3.425
3.659
3.800
4.134
4-165
3.815
2.584
2.926
3.081
3.729
4.064
4.845
4.360
1966-D ec ember....
325,516
325,021
13,665
13,646
4.225
4.225
4-459
1967-F ebruary....
M a r c h ........
Ap ril........
M a y ..........
J une.........
326,201
327,517
324,380
327,502
322,798
325,691
327,010
323,876
326,994
322,286
13,643
13,550
13,289
12,972
13,624
13,531
13,249
13,270
12,953
4.210
4.163
4.114
4.080
4.039
4.210
4.163
4.114
4.080
4.039
327,653
332,933
332,968
337,566
342,114
341,738
327,132
332,409
332,447
337,041
341,570
341,194
13,241
13,607
13,697
14,017
14,478
14,574
13,222
13,588
13,678
13,997
14,458
14,554
4.063
4.109
4-137
4-177
4.258
4.292
343,365
348,865
342,812
348,314
14,743
15,133
14,722
15,112
4.322
4.366
J uly.........
August.......
September. .. .
October......
November....
D e c ember ....
1968-January......
F ebruary....
Footnotes at end of Table 5.
13,268
Notes
Non
market
Treasury able
bonds
issues y
Guar
anteed
Special securi
issues ties
1/
4-851
5.250
3.304
4.058
3.704
3.680
3.921
3.854
3.842
4-321
4.764
2.619
2.639
2.829
3.122
3.344
3.471
3.642
3.655
3.686
2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
3.745
2.694
2.772
2.803
2.891
3.003
3.238
3.372
3.693
3.854
2.628
2.681
3.144
3.500
3.658
3.782
3.660
3.632
3.756
5.538
5.250
4-584
3.666
3.742
3.765
3.726
4.441
4.367
4.299
4.243
4.165
5.352
5.090
4.871
4.623
4.360
5.250
5.250
5.250
5.250
5.250
4.721
4.720
4.735
4.764
4.764
3.667
3.667
3.668
3.681
3.686
3.743
3.747
3.749
3.751
3.745
3.732
3.750
3.735
3.775
3.854
3.736
3.743
3.745
3.754
3.756
4.063
4-109
4.137
4.177
4.258
4.292
4.196
4.253
4.293
4-348
4.457
4.505
4.452
4.532
4 .668
4.806
4.980
5.135
5.250
4.763
4.910
4.910
4.937
5.073
5.073
3.686
3.687
3.687
3.687
3.689
3.689
3.761
3.764
3.771
3.782
3.821
3.817
3.863
3.907
3.905
3.907
3.922
3.932
3.765
3.766
3.770
3.774
3.779
3.786
4.322
4.366
4.552
4.609
5.259
5.324
_
5.073
5.141
3.689
3.687
3.822
3.830
3.905
3.930
3.792
3.795
-
-
-
March
19 68
21
_____ DEBT OUTSTANDING______
Table 3. - Interest-Bearing Public Debt
(in millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal year
or month
Marketable
Total
public
issues
Bills
Total
Certif
icates
1959.... ............
196 0.................
1961.................
1 962.................
1963.................
1964.................
1965.................
1966.................
1967.................
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
237,078.
238,342
240,629
249,503
257,153
260,729
264,463
264,311
266,131
178,027
183,845
187,148
196,072
203,508
206,489
208,695
209,127
210,672
32,017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
58,535
33,843
17,650
13,338
13,547
22,169
1966-December.......
325,021
273,028
218,025
1967-February.......
March ..........
April..........
M a y ............
June ...........
325,691
327,010
323,876
326,994
322,286
274,201
274,948
272,226
271,824
266,131
July...........
August .........
September......
October........
327,132
332,409
332,447
337,041
341,570
341,194
342,812
348,314
February.......
Nonmarketable
Notes
U. S.
Total savings
bonds
Treasury
bonds 1/
Treasury
bonds,
invest
ment
series
Depos
itary
bonds
102,481
101,897
97,418
59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,183
55,459
50,503
47,544
47,514
47,607
48,314
49,299
50,043
50,537
51,213
8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
2,589
183
170
117
138
103
103
59
44
45
48,271
99,151
55,003
50,752
2,656
5,919
5,919
5,919
5,610
5,610
48,361
48,370
48,146
49,104
49,108
99,075
99,042
98,993
97,868
97,418
54,956
55,034
55,099
55,175
55,459
50,903
50,990
51,062
51,148
51,213
62,844
63,344
63,746
68,854
69,453
69,870
5,611
49,119
57,549
57,553
57,104
61,360
61,362
97,394
97,364
97,338
97,313
95,268
95,244
55,955
55,842
56,070
56,603
58,118
57,484
72,706
72,906
_
61,365
66,719
95,214
93,649
57,597
57,799
1,652
5,610
27,314
51,483
56,257
65,464
52,145
67,284
52,549
50,649
49,108
64,684
5,919
219,245
219,914
217,127:
216,650
210,672
65,889
66,583
64,069
64,067
58,535
270,924
274,100
274,707
279,874
284,198
283,960
214,968
218,258
218,637
223,271
226,081
226,476
286,882
291,072
229,285
233,273
-
-
-
Source: Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1959-60.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U. S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of indebted
84,853
81,297
80,830
75,025
81,964
88,464
lj
Foreign
series
securi
ties 2/
Special
F oreign
issues
currency
Other
series
u
securi
ties 2J
_
_
_
_
392
1,132
817
624
75
630
832
1,137
957
890
_
19
25
29
68
141
137
97
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
56,155
45
593
860
96
51,993
2,649
2,642
2,595
2,593
2,589
45
46
46
.46
45
403
399
624
860
860
897
890
890
95
95
97
98
97
51,490
52,062
; 51,649
55,170
56,155
51,323
51,376
51,413
51,510
51,588
51,581
2,577
2,571
2,568
2,560
2,559
2,555
46
46
46
44
44
44
894
742
923
1,226
2,587
1,944
1,016
1,015
1,015
1,139
1,200
1,200
100
92
104
123
141
160
56,209
58,309
57,739
57,167
57,372’
57,234
51,589
51,629
2,553
2,552
31
31
1,852
1,995
1,390
1,390
182
201
55,930
57,242'
_
_
_
860
648
402
402
ness; Treasury bonds beginning October 1962; and Treasury notes beginning
November 1966 issued and payable in designated foreign currencies.
Includes Treasury bonds, Rural Electrification Administration series
beginning July I960; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1963; Treasury bonds beginning
January 1964; and U. S. savings notes beginning May 1967.
Table 4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public D ebti/
(In millions of dollars)
End of
fiscal year
or month
Maturity classes
Amount
outstanding
Within
1 year
1 - 5
years
5-10
years
10 - 20
years
20 years
and over
Average length
195 9.....................
I960.....................
1961.....................
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
178,027
183,845
187,148
196,072
203,508
206,489
208,695
209,127
210,672
72,958
70,467
81,120
88,442
85,294
81,424
87,637
89,136
89,648
58,304
72,844
58,400
57,041
58,026
65,453
56,198
60,933
71,424
17,052
20,246
26,435
26,049
37,385
34,929
39,169
33,596
24,378
21,625
12,630
10,233
9,319
8,360
8,355
8,449
8,439
8,425
8,088
7,658
10,960
15,221
14,444
16,328
17,241
17,023
16,797
4
4
4
4
5
5
5
4
4
1966-December...........
218,025
105,218
59,447
28,005
8,433
16,923
4 yrs.
1967-F ebruary...........
M a r c h ...............
A pril..............
M a y .................
June................
219,245
219,914
217,127
216,650
210,672
101,549
89,648
66,717
66,722
66,541
70,238
71,424
25,655
25,650
25,645
25,641
24,378
8,431
8,430
8,428
8,426
8,425
16,893
16,870
16,843
16,819
16,797
4
4
4
4
4
yrs.
yrs.
yrs.
yrs.
yrs.
6
5
5
6
7
mos.
mos.
mos.
mos.
mos.
July................
August.............
September......... .
October ............
November...........
214,968
218,258
218 ,.637
223,271
226,081
226,476
93,957
95,040
95,442
100,208
102,158
104,363
71,433
76,244
78,198
78,088
77,320
78,159
24,376
21,793
19,840
19,837
21,487
18,859
8,423
8,421
8,419
8,418
8,417
16,780
16,758
16,737
16,719
16,697
16,679
4
4
4
4
4
4
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
5
5
4
2
2
1
mos.
mos.
mos.
mos.
mos.
mo.
1968-January............
February............
229,285
233,273
107,199
116,253
78,157
67,967
18,859
24,005
8,416
8,414
16,654
16,635
4 yrs.
4 yrs.
102,242
99,670
95,524
Source: Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
8,422
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
7
4
6
11
1
0
4
11
7
mos.
mos.
mos.
mos.
mo.
mo.
mos.
mos.
mos.
7 mos.
0 mo.
1 mo.
bonds which have been classified to earliest call date. The last of these
bonds were called on August 14, 1962, for redemption on December 15, 1962.
22
Treasury Bulletin
DEBT OUTSTANDING
Table 5. - S pecial Public Debt Issues
(In millions of dollars)
End of
fiscal year
or month
Total
Exchange
Stabili
zation
Fund
Federal
Deposit
Insurance
Corpora
tion
Federal
Federal
Federal Old-Age
Disability home
and
Insurance
Survivors
loan
Trust
Insurance
banks
Fund
Trust Fund
Federal
Savings
and Loan
Insurance
Corpora
tion
Govern
Federal
ment
employees'
Life
retirement
Insurance
funds
Fund
National
High
Service
way
Life
Trust
Insurance
Fund
Fund
Rail
Unemploy
road
ment
Retire
Trust
ment
Fund
Accounts
Other
y
108
292
232
560
833
629
694
556
500
260
270
312
57
85
1,533
2,017
2,299
2,304
2,165
1,903
1,563
1,150
1,376
165
59
50
74
372
82
100
924
52
17,227
16,413
16,200
15,074
14,221
14,799
15,261
14,403
17,840
116
104
138
182
98
332
287
223
3
8,608
9,397
10,414
11,382
12,438
13,530
14,577
15,189
15,569
1,127
1,107
1,071
1,028
1,003
956
933
938
814
429
1
234
436
678
609
265
238
722
5,742
5,803
5,759
5,804
5,714
5,783
5,909
6,113
5,744
3,417
3,586
3,504
3,316
2,786
2,969
3,123
3,277
3,339
5,636
5,580
4,625
4,657
4,803
4,931
5,799
7,075
7,785
182
155
172
287
974
1,994
51,993
891
1
1,126
929
15,099
93
15,324
825
29
5,868
2,886
7,735
1,188
1967-February....
M a r c h ........
April ........
M a y ..........
June.........
51,490
52,062
51,649
55,170
56,155
543
1,367
1,256
1,241
833
62
62
66
85
85
1,131
1,162
1,219
1,358
1,376
515
333
85
140
52
15,348
15,257
15,524
17,407
17,840
_
10
7
8
3
15,131
15,165
15,136
15,042
15,569
814
799
795
790
814
148
502
484
582
722
5,598
5,544
5,546
5,583
5,744
2,735
2,753
2,669
3,240
3,339
7,689
7,504
7,249
7,935
7,785
1,775
1,605
1,612
1,757
1,994
July.........
A ugust.......
September....
October......
November....
December....
56,209
58,309
57,739
57,167
57,372
57,234
1,052
1,096
900
919
800
836
80
84
84
87
84
52
52
50
52
52
52
17,820
19,087
18,668
18,485
18,566
18,610
3
84
1,404
1,470
1,488
1,484
1,461
1,419
-
15,639
15,704
15,806
15,826
15,842
15,804
897
894
891
886
883
877
631
737
711
512
550
508
5,773
5,776
5,812
5,819
5,840
5,804
3,253
3,290
3,237
3,165
3,160
3,088
7,697
8,242
8,295
8,178
8,444
8,501
1,907
1,878
1,798
1,756
1,690
1,651
1968-January......
February ....
55,930
57,242
903
922
155
148
1,316
1,409
52
52
17,582
18,284
10
18
15,816
15,858
873
868
544
730
5,726
5,716
2,971
2,930
8,274
8,560
1,707
1,747
1959...............
196 0 ...............
1961...............
196 2 ...............
196 3 ...............
196 4 ...............
196 5 ...............
196 6 ...............
19 6 7 ...............
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
56,155
1966-December....
_
-
-
126
138
192
Reopened Insurance Fund beginning May 196$; Federal Hospital Insurance
Trust Fund beginning February 1966; Federal Supplementary Medical
Insurance Trust Fund beginning July 1966; and Export-Import Bank of
Washington beginning February 1967.
Source: Daily Treasury statement.
1/ Consists of: Postal Savings System through 1962; various housing
insurance funds; Veterans' Special Term Insurance Fund; Veterans'
F ootnotes to Table 2
Source: On the basis of the daily Treasury statement.
Note: The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstand
ing at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is com
puted for each issue by applying the appropriate annual interest rate
to the amount outstanding on that date (the amount actually borrowed
in the case of securities sold at a premium or discount, beginning
with M ay I960). The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
1/
2/
lj
interest charge for the total, or for any group of issues, by the
corresponding principal amount. Beginning with data for December 31,
1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date, it was based
on the coupon rate for all issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through I960; see Table 3Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
March
23
19 68
DEBT OUTSTANDING
Table 6. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
End of
fiscal year
or month
Total
Agency
for
Inter
national
Develop
ment 1/
Commodity
Credit
Corpo
ration
Rural
Electri
fication
Adminis
tration
Secretary:
Farmers1
Home
Adminis
tration
programs
2/
Housing and Urban
Development Department
ExportImport
Bank of
Federal
Wash
National
Other
Secretary
ington
Mortgage
u
Associ
2/
ation *>/
1,864
25
100
125
1,730
1,965
78
3,499
3,499
3,235
2,935
2,670
1,480
1,539
1,437
1,525
1,329
25
25
25
25
25
100
100
100
100
100
125
125
125
125
125
1,730
1,730
1,730
1,730
1,730
1,920
1,895
1,875
1,850
1,850
81
84
85
87
90
2,670
2,737
2,737
2,737
2,802
2,452
1,438
1,684
2,032
1,787
1,922
1,701
25
25
25
25
25
25
100
100
100
100
100
100
125
125
125
125
125
125
1,730
1,730
1,730
1,730
1,730
1,730
1,854
1,824
1,815
1,817
1,817
1,817
90
91
93
94
96
100
1,972
2,047
1,685
25
25
100
100
125
126
1,730
1,730
1,832
1,835
103
106
3,629
_
2,923
3,155
3,332
3,484
3,657
3,828
4,075
4,234
4,518
323
369
456
854
1,027
1,170
1,235
1,436
1,415
1,937
1,636
1,698
1,830
1,476
830
513
178
-
1966-December....
26,030
675
9,704
4,360
1,403
1967-February....
M a r c h.......
April.......
M a y .........
June........
25,404
25,555
25,040
25,044
24,611
675
675
675
675
662
9,865
9,972
9,853
10,047
10,097
4,460
4,460
4,460
4,530
4,518
1,443
1,451
1,439
1,415
1,415
J uly........
August......
September...
October....
November....
December....
23,162
24,187
25,219
25,377
24,717
24,947
662
662
662
662
652
8,519
9,209
9,650
10,003
8,890
9,772
4,518
4,518
4,618
4,618
4,686
4,597
1,431
1,434
1,428
1,428
1,432
1,421
251
429
455
1968-January....
February....
24,716
25,510
648
648
9,956
10,252
4,694
4,694
1,434
1,428
618
Source: Daily Treasury statement.
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury. Further detail may be found in the 1966
Annual Report of the Secretary of the Treasury, pages 888-91, and the
1967 Combined Statement of Receipts, Expenditures and Balances of the
United States Government, pages 551-3.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 144.2), and the notes together with
others issued for the same purpose are included in "Other.”
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corpo
ration.
Lj Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
22
21
22
22
29
35
51
72
90
371
12,874
12,704
11,534
12,990
13,599
13,990
13,111
11,768
10,097
662
10
25
50
85
95
100
100
1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
1,850
2,753
3,133
2,670
1,164
1,138
1,107
1,062
807
735
712
689
662
730
977
1,213
1,567
2,005
2,302
-
_
48
204
412
6/
7/
8/
Other
8/
930
1,180
1,330
1,530
1,730
1,730
1,730
1,730
1,730
27
29
32
32
25
25,34-3
25,636
26,011
28,634
29,166
29,241
28,354
26,964
24,611
Under
Defense
Produc
tion
Act
of 1950
U
112
118
121
121
123
123
124
125
125
2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
1,329
1959 .............
1960 .............
1961 .............
196 2 .............
1963............ .
1964..............
1965 .............
1966.............
196 7.............
Tenni.essee
Valley
Author
ity
Transpor
tation
Veterans'
Dept.
; Adminis
tration:
Saint
Lawrence Direct
loan
Seaway
Develop program
ment
Corp.
1,902
-
-
-
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that ac^ (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Public Housing Administration 1959-1963; Federal Housing Administra
tion beginning January 1966.
Consists of notes of: The Administrator, General Services Administra
tion, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Adminis
tration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: United States Information Agency for
informational media guaranties (see-footnote l); Secretary of Commerce
(Maritime Administration) for the Federal Ship Mortgage Insurance
Fund, fiscal years 1959-61 and 1963-65, beginning March 1963; Virgin
Islands Corporation beginning fiscal I960; District of Columbia
Commissioners for.the Stadium Sinking Fund beginning June 1962;
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964., and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
24
Treasury Bulletin
DEBT OUTSTANDING
T able 7. - In terest-B ea rin g S ecu rities Issu ed by G overnm ent Agencies
(in millions of dollars)
End of
fiscal year
or month
Total
Government
agencies
Banks for
cooperatives
Federal
intermediate
credit banks
19 5 9 ...........................
1960...........................
1961...........................
1962...........................
1 963...........................
1 964...........................
1965...........................
196 6...........................
19 6 7 ...........................
3,828
5,011
4,354
4,986
4,698
4,691
5,171
7,252
8,832
284
330
382
430
459
498
686
844
1,042
1,456
1,600
1,723
1,855
2,133
2,315
2,462
2,853
3,297
1966-December.................
8,004
1,074
2,786
M a r c h ....................
Ap r i l....................
M a y ......................
June .....................
8,292
8,412
8,510
8,640
8,832
1,113
1,113
1,085
1,101
1,042
2,850
2,944
3,074
3,186
3,297
November.................
Decem b e r .................
8,976
9,024
8,878
9,342
9,474
9,861
1,072
1,094
1,094
1,138
1,197
1,253
3,419
3,465
3,442
3,357
3,259
3,214
1968-January......... ........
February.................
10,051
10,276
1,253
1,316
3,236
3,336
J uly.....................
A ugust...................
September................
Source: Office of Debt Analysis and agency reports.
Note: Excludes securities which are issued for use as collateral for
commercial bank borrowing.
Federal National
Mortgage Association
(Memorandum)
Tennessee
Valley
Authority
Federal
home loan
banks
Management
and liquidat
ing issues
All other
issues
797
797
-
1,290
2,284
2,198
2,556
1,960
1,698
1,797
3,269
4,078
_
50
145
145
180
225
285
415
992
1,259
1,055
1,797
2,770
4,201
4,757
6,309
4,585
1,888
2,137
2,357
2,550
2,725
2,973
3,532
4,105
4,611
3,800
345
6,859
4,385
3,984
4,010
4,006
3,938
4,078
345
345
345
415
415
6,316
5,741
5,085
5,085
4,585
4,450
4,450
4,450
4,611
4,611
4,069
4,049
3,927
4,432
4,543
4,919
415
415
415
415
475
475
4,585
4,395
4,160
4,060
4,060
4,060
4,716
4,787
4,787
4,871
4,871
4,904
5,087
5,149
475
475
4,310
4,375
4,990
4,990
_
_
-
Federal land
banks
March 1968
25
STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
by the Act of June 30, 1967 (Public Law 90-39), provides that
the face amount of obligations issued under authority of that
Act, and the face amount of obligations guaranteed as to
principal and interest by the United States, shall not exceed
in the aggregate $358 billion outstanding at any one time.
In addition, the Act provides that the face amount of
beneficial interests and participations issued under section
302(c) of the Federal National Mortgage Association Charter Act
(12 U.S.C. 1717(c)) during the fiscal year 1968 and out
standing at any time shall be added to the amount otherwise
taken into account in determining whether the requirements of
the above provisions are met.
Effective July 1, 1968, and each July 1 thereafter, the
public debt limit shall be temporarily increased by $7 billion
during the period beginning on such July 1 and ending on
June -29 of the succeeding calendar year.
Table 1. - Status Under Limitation February 29, 1968
(In millions of dollars)
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)..................................................................................
Amounts outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended..........
Guaranteed debt of U.S. Government agencies...................................................
Participation certificates (12 U.S.C. 1717(c))...............................................
358,000
351,295
552
2,250
Total amount outstanding subject to statutory debt limitation............................
354,097
3,903
Balance issuable under limitation................. ...............................................
1 ■ "t
Table 2. - Application of Statutory Limitation February 29, 1968
(In millions of dollars)
m
4.Classification
Total
. ,
,.
outstanding
Public debt:
Interest-bearing debt:
Public issues— marketable:
Treasury b i lls....................................................................................................
Treasury n otes....................................................... ............................................
Treasury bonds....................................................................................................
93^649
Total public issues— marketable...............................................................................
233,273
Public issues— nonmarketable:
Certificates of indebtedness:
Foreign series..................................................................................................
Foreign currency series........................................................................................
Treasury no t e s :
Foreign series......................................
Foreign currency series............................
Treasury bonds:
Foreign series......................................
Treasury certificates.................................
U.S. savings b o nds....................................
U.S. savings notes....................................
U.S. retirement plan bonds...........................
Depositary bonds......................................
Treasury bonds, R.E.A. series........................
Treasury bonds, investment series...................
Total public issues— nonmarketable................
72,905
66,719
1,688
217
193
1,172
114
31
51,629
120
26
31
25
2,552
57,799
Special issues to Government agencies and trust funds
57,242
Total interest-bearing deb t........................
348,314
267
Matured debt on which interest has ceased...............
Debt bearing no interest:
Special notes of the United States:
International Monetary Fund series.............................................................................
U.S. savings stamps.................................................................................................
Excess profits tax refund bonds...................................................................................
U.S. notes (less gold reserve)............................. ......................................................
Deposits for retirement of national bank and Federal Reserve bank notes ......................................
Other debt bearing no interest....................................................................................
2,658
58
1
166
80
11
Total debt bearing no interest..................................................................................
2,975
Total public debt................................................................................................
351,556
Guaranteed debt of U.S. government agencies:
Interest-bearing debt................................................................................................
551
Matured debt on which interest has ceased......... ................................................................ ...........*_
Total guaranteed debt of U.S. Government agencies........................................................................552
Total public debt and guaranteed deb t ............................................................................
352,107
Deduct debt not subject to limitation...................................................... ..........................
260
Add participation certificates............................................................................................... 2,250
Total subject to limitation.......................................................................................
Source:
Daily Treasury statement.
Less than $500,000.
354,097
Treasury Bulletin
26
______________________PUBLIC DEBT O P E R A T IO N S ______________________
Table L
- M a t u r i t y S c h e d u l e of Interest-Bearing Public M a r k e t a b l e Securities
Outstanding
F e b r u a r y
29,
1968
O t h e r t h a n R e g u l a r W e e k l y a n d A n n u a l T r e a s u r y Bills
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
2/
1
Amount of maturities
Year
and
month
of final
All
maturity
other
investors 1/
Held by Description
Total
1968
M a r . .. 4.8615&
A p r ... 1 - 1/ 2 $
4.898%
4.934%
M a y . .. U - ’
i /lS
3-7/8%
June.. 5.108%
5 -05856
Bill (Tax a nt.)
Note
3/22/68
-
4/1/68-EA
Bill j
Bill (Tax ant.
Note
Bond
4/ 22/68
-
Bill Bill (Tax ant.
5/15/68-B
5/ 15/68
J
6/ 2V 68
2,003
212
/2 ,00l \
\1,506/
5,587
2,460
A , 006*1
\2,528 J
U.S. Govt,
investment
accounts and
Federal Re
serve banks
80
1,923
_
212
150
3,357
3,602
505
70
1,985
1,955
Held by Description
Total
1969
Feb... 5-5/8$
4$
Note
Bond
-
2/15/69-A
2/15/69
10,738
3,728
A p r ... 1 - 1/ 2$
Note
-
4/1/69-EA
61
Ma y . .. 5-5/8$
Note
-
5/15/69-B
4,277
248
4,029
June.. 2 - 1/ 2$
Bond
-
6/15/64-69
2,543
415
2,128
Oc t . .. 1 - 1/ 2$
4$
Note
Bond
-
10/1/69-E0
10/1/69
6,248
637
5,611
D e c . .. 2- 1 / 2$
Bond
12/15M-69
2,4-90
535
1,955
30,244
10,873
19,371
Oct . .. 1 - 1/ 2$
N o v . .. 5-1/4$
3-7/8$
D e c . .. 2- 1 / 2 $
Note
Bond
Note
Note
Bond
Bond
-
-
-
-
T o t a l ,.
Footnote at end of table.
8/ 15 / 68-C
8/ 15/68
10/1/68-E0
11/15/68-D
11/15/68
12 / 15 / 63-68
5,937
2,641
4,450
365
115
8 ,984,
1,159
1,487
2,276
115
6,093
113
7,661
1,377
3,077
2,351
61
159
159
5,464
Total
Aug . .. 4-1/4%
3-3/4%
U.S. Govt.
All
investment
accounts and other
(Federal Re- investors
jaerve banks
1970
F e b . .. 4$
Bond
-
2/15/70
4,381
470
3,911
M a r ... 2- 1 / 2$
Bond
-
3/15/65-70
2,286
666
1,619
A p r ... 1 - 1/ 2$
Note
-
4/1/70-EA
88
Aug... 4$
Bond
8/15/70
4,129
Oct... 1 - 1 / 2$
Note
10/1/70-E0
113
N o v . .. 5$
Note
11/15/70-A
7,675
1,485
6,190
18,673
3,056
15,617
88
435
3,695
2,891
1 ,04.6
1,788
217
1,571
39,927
15,64.5
24,282
Total
(Continued on following page)
-
113
March 1 9 68
27
_____________________ PUBLIC DEBT O P E R A T IO N S ______________________
Table L
- M a t u r i t y S c h e d u l e of Intereett-Bearing Public M a r k e t a b l e Securities
Outstanding F e b r u a r y
29,
1968
O t h e r t h a n R e g u l a r W e e k l y a n d A n n u a l T r e a s u r y Bills • ( C o n t i n u e d )
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
2/
1971
F e b ___
Description
Total
Amount of maturities
Year
Held by and
month
U.S. Govt,
of final
All
investment
maturity
other
accounts and
investors 1/
Federal Re
serve banks
5-3/8$
Note
-
2/15/71-C
2,509
160
2,348
M a r ....
2 - 1 / 2$
Bond
-
3/15/66-71
1,224
205
1,020
A p r __ _
1 - 1 / 2$
Note
-
4/1/71-EA
35
M a y ---
5-1/4$
Note
-
5/15/71-A
4,265
1,812
2,453
A u g ---
4$
Bond
-
8/15/71
2,806
611
2,194
O c t . ...
1 - 1 / 2$
Note
-
lO/l/71-EO
72
N o v . ...
5-3/8$
3-7/8$
Note
Bond
-
11/15/71-B
11/15/71
1,734
2,760
I 64
442
2,318
15,405
3,394
12,011
Held by Description
Total
1974
F e b ___
4- 1/ 8$
Bond
-
2/15/74
3,129
544
2,586
M a y ---
4-1/4$
Bond
-
5/15/74
3,589
572
3,017
N o v . ...
5-3/4$
3-7/8$
Note
Bond
-
11/15/74-A
11/15/74
1,652
2,242
260
685
1,392
1,556
10,612
2,061
8,551
35
T otal..
• Total..
1972
F e b ___
72
1,570
1975
F e b ___
5-3/4$
Note
-
2/15/75-A
5,146
1,327
3,820
1980
F e b ___
4$
Bond
-
2/15/80
2,602
748
1,854
3-1/2$
Bond
-
11 / 15/80
1,909
721
1,188
4,511
1,469
3,042
211
1,359
4-3/4$
Up
Note
Bond
2/15/72-A
2/15/72
2,006
2,344
343
269
1,663
2,074
A p r ....
1 - 1 / 2$
Note
4/1/72-EA
34
2
32
M a y ---
4-3/4$
Note
5/15/72-B
5,310
2,848
2,462
1983
June...
June...
2 - 1 / 2$
Bond
6/15/67-72
1,254
124
1,131
1985
M a y . ...
A u g ---
4$
Bond
Sept...
2 - 1/ 2$
Bond
O c t . ...
1 - 1/ 2$
Dec
2 - 1 / 2$
-
8/15/72
2,579
528
2,051
9/15/67-72
1,952
82
1,870
Note
lO/l/72-EO
11
Bond
12/15/67-72
2,622
222
2,401
18,111
4,418
13,693
-
Total
1971
A u g ---
N o v . ...
U.S. Govt,
All
investment
accounts and other
Federal Re investors
serve banks
N o v . ...
Total..
3-1/4$
Bond
-
6/15/78-83
1,570
3-1/4$
4-1/4$
Bond
Bond
-
5/15/85
5/15/75-85
1,117
194
1,216
418
922
798
2,333
613
1,720
1990
F e b ___
3-1/2$
Bond
-
2/15/90
4,884
1,162
3,722
1992
A u g ---
4-1/4$
Bond
-
8/15/87-92
3,817
1,093
2,724
1993
F e b ___
4$
Bond
-
2/15/88-93
249
70
180
1994
M a y ---
4- 1/ 8$
Bond
-
5/15/89-94
1,559
502
1,057
11
4$
Bond
8/15/73
3,894
551
3,343
4- 1/ 8$
Bond
11/15/73
4,353
434
3,918
1995
F e b ___
3$
Bond
-
2/15/95
1,767
159
1,607
8,246
985
7,262
1998
N o v . ...
3-1/2$
Bond
-
11 / 15/98
4,359-
908
3,451
Total..
Source: Daily Treasury statement and Office of Debt Analysis in the Office
of the Secretary.
1/
F °r issue date of each security, see "Market Quotations."
Treasury Bulletin
28
__ PUBLIC DEBT O P E R A T IO N S _
T a b l e 2. - O f f e r i n g s o f T r e a s u r y B i l l s
(Amounts in millions of dollars)
Description of new issue
Issue date
Regular weekly:
(13-week and 2 6-week)
Number of
days to
maturity jL/
Maturity
date
Amount of
bids
tendered
Total
amount
Amount of bids accepted
On competi On noncompeti
tive basis 2/
tive basis
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues out
standing after
new issues
1967-Nov.
2 ........
fl968-Feb.
May
1
2
91
182
2.285.7
1.911.5
1,501.1
999.9
1.290.4
873.9
210.7
126.0
435.1
252.9
1.405.0
1.000.3
18.609.1
26.013.4
Nov.
9 .........
Feb.
May
8
9
91
182
2.381.6
1.756.8
1.501.5
1,000.6
1.278.1
867.3
223.3
133.3
256.1
233.4
1.400.3
1.000.1
18.710.3
26,013.9
Nov.
1 6 ......
Feb.
May
15
16
91
182
2.628.4
1.651.5
1.500.9
999.9
1.272.7
851.4
228.1
148.5
207.5
173.3
1.399.8
1,000.6
18.811.5
26.013.2
Nov.
2 4 ........
Feb.
May
23
23
91
181
3.037.5
2.289.4
1,500.0
1,000.0
1.300.4
877.9
199.6
122.1
340.5
252.0
1,401.7
1.000.3
18.909.8
26.012.9
Nov.
3 0 ..... .
Feb.
May
29
31
91
183
2.705.4
2.146.5
1,502.1
1.002.6
1.283.1
872.9
219.0
129.6
437‘
.1
255.4
1 .400.4
1.001.0
19.011.4
26.014.5
Mar.
June
91
182
2.761.8
2.415.8
1.500.3
1,000.6
1,284-1
866.8
216.2
133.8
388.7
234.6
1.400.9
1.000.6
19,110.8
26.014.5
Dec.
7 ........
Dec.
1 4 ........
Mar. 14
June 13
91
182
2.489.2
1.974.0
1.500.9
1.000.4
1.263.1
840.1
237.9
160.3
317.1
166.8
1.400.5
1,000.1
19,211.2
26.014.7
Dec.
2 1 ........
Mar. 21
June 20
91
182
2.729.6
1.506.3
1,006.1
1,292.0
864.3
214.3
141.8
329.9
331.1
1 ,400.0
2 .304.2
1,000.0
19.317.6
26.020.8
Dec.
2 8.......
Mar. 28
June 27
91
182
2.450.6
2.062.9
1 ,502.2
1.003.3
1.287.3
849.7
214.9
153.6
345.8
244.2
1 ,401.2
1.000.4
19.418.6
26.023.6
91
183
2.376.8
2.053.2
1 ,501.2
1,001.0
1.285.2
874.6
216.0
126.5
396.7
1 .400.6
242.6
1.000.1
19.519.2
26,024.6
1.502.5
1.001.9
1.219.3
813.1
283.2
188.8
270.6
203.0
1.501.3
1.000.4
19.520.4
26,026.0
1968-Jan.
4 ..........
Apr.
July
Jan.
1 1 ..........
Apr.
July
11
11
91
182
2 .413.6
Jan.
1 8 ..........
Apr.
July
18
18
91
182
3.552.6
2 .104.2
1 ,502.2
1.000.8
1.252.7
850.0
249.5
150.8
407.8
232.7
1.500.4
1.000.7
19.522.2
26,026.1
Jan.
2 5 ..........
Apr.
July
25
25
91
182
3.217.9
2,680.2
1.503.5
1.002.4
1,248.0
862.5
255.5
139.9
360.1
202.8
1 ,501.1
1.000.3
19.524.5
26,028.1
Feb.
1 .........
May
Aug.
2
1
91
182
2.469.9
1.918.1
1.500.2
1,000.0
1.255.8
869.9
244.4
130.1
317.2
261.2
1,501.1
1.000.4
19.523.7
26.027.8
Feb.
8 .........
May
Aug.
9
8
91
182
2.285.5
1.683.7
1,501.4
1.000.9
1 ,266.0
884.7
235.4
116.2
345.4
231.7
1.501.5
1.000.5
19.523.6
26.028.2
Feb.
1 5 .........
May
Aug.
16
15
91
182
2.618.9
2.219.7
1.501.3
1.001.9
1.277.6
882.6
223.8
119.3
243.9
132.1
1.500.9
1.000.6
19,524.0
26,029.5
Feb.
2 3 .........
May
Aug.
23
22
90
181
2.264.5
1 ,846.4
1.500.9
1.000.2
1.276.6
877.5
224.3
122.7
377.9
1 ,500.0
223.2
1.001.5
19.524.9
26,028.2
Feb.
2 9 .........
May
Aug.
31
29
92
182
2,510.0
2,052.3
1.600.6
1,000.4
1.358.7
874.5
241.9
428.9
241.7
1 ,502.1
11968-Mar. 22
Apr. 22
255
286
3.251.3
3.027.4
2.003.4
2,001.0
1.733.0
1,775,6
2,003.4
4.004.3
11,044.2
2.100.9
126.0
1,001.4
19,623.4
26,027.2
Tax anticipation:
1967-July
1968-Jan.
11....
1 5 ........
Apr.
June
22
24
196
259
3.217.3
3.279.3
1,506.0
3.005.5
1,318.8
2,807.3
270.4
225.4
187.2
198.2
June
24
161
6,359.8
2,528.3
2.133.0
395.3
5.510.4
8,515.9
9 -month and one-year:
1967-Feb.
2 8 ..........
(1967-Nov.
[l968-Feb.
30
29
275
366
1.306.7
2.395.8
500.0
901.0
485.1
863.3
15-3
37.3
91.5
151.0
1,000.2
3.002. 3
12,608. 9 1/
Mar.
3 1 ..........
(1967-Dec.
|1968-Mar.
31
31
275
366
1.299.4
1.669.1
500.1
900.0
482.0
859.9
18.1
40.1
90.2
151.8
1 ,400.8 y
3.502. 8
12,107. 7 1/
Apr.
3 0 ..........
Jan.
Apr.
31
30
275
366
1.265.2
1.535.1
500.4
902.0
485.5
869.3
14.9
32.7
130.1
192.3
1 ,401.5 1 /
4.003. 2
11,608. 2 J/
May
3 1 . .........
Feb.
May
29
31
274
366
1,132.6
1.308.4
500.0
900.1
485.5
875.2
14.6
24.9
111.9
220.7
1 ,402.0 y
4.503. 3
11,106. 4
June
3 0 ..........
Mar.
June
31
30
275
366
1.182.8
1.770.9
500.3
1.000.5
482.2
962.3
18.1
38.2
100.3
224.7
500.1
1 ,001.4
4.503. 5
11,105. 5
July
3 1 ..........
Apr.
July
30
31
274
366
1.196.7
2.587.5
500.3
1.000.6
481.5
953.3
18.8
47.3
60.2
240.7
500.4
994.8
4.503. 4
11,111. 2
Aug.
3 1 ..........
May
Aug.
31
31
274
366
1.297.3
1.901.1
500.7
1.000.3
479.9
957.9
20.8
42 ..4
150.7
225.5
500.7
1 ,000.1
4.503. 4
11,111. 5
Sept.
3 0 ..........
June
Sept.
30
30
272
366
1,255-5
1.740.7
500.0
1.000.2
478.4
943.3
21.6
56.9
118.4
230.4
500.0
900.1
4.503. 4
11,211. 6
Oct.
3 1 ..........
July
Oct.
31
31
274
366
1,282.0
2.073.6
500.5
1,001.8
485.6
962.0
15.0
39.8
120.6
211.8
501.1
904.6
4,502.8
11,308.';
Nov.
3 0 ..........
Aug.
Nov.
31
30
275
1.263.7
1.767.0
500.2
1.000.3
483.9
965.9
16.2
34.4
75.7
225.9
500.0
900.5
4.503.C
11,408.5
Dec.
3 1 ..........
Sept.
Dec.
30
31
272
366
1.137.1
1.492.9
500.2
999.9
483.2
953.6
17.0
46.3
188.6
271.4
500.1
901.0
4.503.]
11.507.4
1968-Jan.
3 1 ..........
Oct.
[1969-Jan.
31
31
274
366
1.209.2
1,604.2
500.2
1.000.1
485.4
956.3
14.8
43.8
163.5
281.0
500.4
901.0
4,502.8
11.606.5
Feb.
2 9 ..........
1.968-Nov.
(1969-Feb.
30
28
275
365
1.348.3
1,519.5
500.3
1,001.8
484.4
973.6
15.9
28.1
150.3
250.9
500.0
901.0
4.503.]
11,707.j
Footnotes at end of table.
366
March 1968
29
PUBLIC DEBT O P E R A T IO N S.
Table 2. - Offerings of Treasury Bills - (Continued)
On total bids accepted
Issue date
Average price
per hundred
On competitive bids accepted
High
rate lj
Price per hundred
(Percent)
Low
Equivalent rate lj
Price per hundred
Equivalent rate lj
(Percent)
4.510
5.038
98.848
97.442
98.827 J 2/
97.406
4.640
5.131
98.814
97.369
4.692
5.204
98.834
97.411
4.613
98.822
5.154
5.121
97.382
4-660
5.178
*98.739
97.226
4.988
5.517
98.751
97.255 _£/
4.941
5.460
98.735
97.204
5.004
5.561
*98.747
97.186
4.957
5.535
98.752
97.206
4.937
5.496
98.743
97.182
4.973
5.544
7 ............
4.988
5.579
98.746
97.190
4.961
5.558
98.736
97.174
5.000
Dec.
1 4 ............
4.943
5.493
98.758 _JJ
97.238 _ 8/
4.913
5.463
98.746
97.215
4.961
5.509
Dec.
2 1 ............
5.128
5.659
98.723
97.189 _9/
5.052
5.560
98.696
97.131
5.159
5.675
Dec.
2 8 ............
4-990
5.515
98.748
97.224 10 /
4.953
5.491
98.730
97.201
5.024
5.536
1968-Jan.
4 ............
5.104
5.593
98.722
97.168
5.056
5.5 71
98.700
97.146
5.143
5.614
Jan.
1 1 ............
5.081
5.376
98.731
97.301 11 /
5.020
5.339
98.708
97.272
5.111
5.396
Jan.
1 8 ............
5.070
5.238
98.723
97.360
5.052
5.222
98.716
97.348
5.080
5.246
Jan.
2 5 ............
5.067
5.334
98.728
97.318 12/
5.032
5.305
98.717
97.300
5.076
5.341
Feb.
1 ............
4.846
4.956
98.783
97.515 12/
4.815
4.915
98.767
97.478
4.878
4.989
Feb.
8 ............
4.957
98.762 14 /
97.442 15/
4.898
5.120
5.060
98.739
97.397
4.989
5.149
Feb.
1 5 ............
5.040
5.276
98.734
97.354
5.008
5.234
98.720
97.326
5.064
5.289
Feb.
2 3 ............
98.765
97.419
4.939
5.134
98.774
97.433
4.904
5.106
98.758
97.411
4.968
5.149
Feb.
2 9 ............
^98.706
97.353
5.065
5.235
98.721
97.360
5.005
98.700
97.350
5.087
5.242
4.861
1967-Nov.
2 ............
98.852
97.450
4.543
5.043
98.860
Nov.
9 ............
' 98.819
97.381
4.674
5.180
Nov.
1 6 ............
* 98.825
97.394
4.648
Nov.
2 4 ............
Nov.
3 0 ............
Dec.
98.719
97.303
Tax anticipation:
97.453
5.222
(Percent)
4.557
5.060
5.590
1967-July
1 1 ............
"96.557
^96.108
4.898
96.607 16/
96.171 17/
4.820
96.522
96.065
4.910
4-953
Oct.
9 ............
r 97.314
^ 96.325
4.934
5.108
97.327
96.381
4.910
5.030
97.306
96.250
4.948
1968-Jan.
1 5 ............
97.738
5.058
97.788 18/
4.946
97.727
5.082
2 8 ............
[ 96.396
95.226
4.718
4.696
96.406
95-234
4-705
4.688
96.387
95.222
4.730
4.700
Mar.
3 1 ............
96.885
95.858
4.077
4.074
96.899
95.870
4.059
4.062
96.872
95.839
4-095
4.093
Apr.
3 0 ............
97.065
I 96.104
3.843
3.833
97.089
96.122 19/
3.811
3.814
97.044
96.066
3.870
3.870
May
3 1 ............
96.998
I 96.001
3.945
3.934
97.028
96.030
3.905
3.905
96.971
95.966
3.980
3.968
June
3 0 ............
I 96.392
[95.189
4.723
4.732
96.448 20/
95.298
4.650
4-625
96.340
95.080
4-791
4-839
July
3 1 ............
96.070
94.764
5.164
5.150
96.084 21/
94.774 22/
5.145
5.140
96.038
94.744
5.206
5.170
Aug.
3 1 ............
96.120
94.815
5.097
5.100
96.164
94.881 23/
5.040
5.035
96.099
94.774
5.125
5.140
4-790
5.212
9 -month and one-year:
1967-Feb.
C
Sept.
3 0 ............
96.113
94.791
5.144
5.124
96.154
94.835
5.090
5.080
96.095
94-745
5.168
5.169
Oct.
3 1 ............
195.956
(94-610
5.313
5.301
95.982 2lj
94.637 2£/
5-279
5.275
95.944
94-592
5.329
5.319
Nov.
3 0 ............
[95.858
(94.479
5.422
5.431
95.883
94.525
5.390
5.385
95.838
94.429
5.448
5-480
Dec.
3 1 ............
[95.803
( 94.364
5.555
5.544
95.833
94.408
5.515
5.500
95.777
94.307
5.589
5.600
3 1 ............
]96.001
(94.645
5.254
5.267
96.028
94.685 26/
5.219
5.228
95.970
94.576
5.295
5.335
2 9 ............
(95.,998
\9 4 -646
5.240
5.281
96.021
94.708 27/
5.209
5.220
95.975
94.587
5.269
5.339
1968-Jan.
Feb.
Footnotes on following page.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Footnotes
Source:
Daily Treasury statement; Bureau of the Public Debt.
l/ The 13-week bills represent additional issues of bills with an
original maturity of 26-weeks and the 9-nonth bills represent
additional issues of bills with an original maturity of one-year.
2/ For 13-week and 26-week issues, tenders for $200,000 or less from
any one bidder are accepted in full at average price of accepted
competitive bids; for other issues, the corresponding amount is
stipulated in each offering announcement.
2 / Includes strip bills issued November 25, 1966.
4/ Bank discount basis.
y
Except $100,000 at 98.882.
6/ Except $6,000 at 97.375.
2/ Except $50,000 at 99.730, and $12,000 at 98 .769 .
8/ Except $975,000 at 97.244.
2 / Except $300,000 at 97.215.
]£/ Except $1,000,000 at 97.237.
11/ Except $10,000 at 97.304.
to T a b l e 2
12/
12/
1 4/
15/
16/
17/
18/
19/
2Q/
21/
22/
22/
2k/
25/
26/
22/
Except $164,000 at 97.447,
Except $5,000 at 93.736, and $338,000 at 97.538.
Except $15,000 at 98.767.
Except $15,000 at 97.478.
Except # 500,000 at 96.635.
Except $500,000 at 96 .564, $500,000 at 96.550, $500,000 at 96.226,
$500,000 at 96.195, and $1,500,000 at 96.187.
Except $40,000 at 97.813.
Except $23,000 at 96.137, $1,000,000 at 96.130 and $336,000 at 96.127.
Except $800,000 at 96 .463 .
Except $100,000 at 96.385 and $25,000 at 96.200.
Except $100,000 at 95.215, $25,000 at 94.800, $1,000,000 at 94.795 anc
$1,000,000 at 94.785.
Except $100,000 at 94.950.
Except $3,000,000 at 95-990.
Except $238,000 at 94.951.
Except $200,000 at 94.693.
Except $500,000 at 94.728.
March 1968
31
PUBLIC DEBT O PERATIONS
T a b l e 3. - N e w
M o n e y
Financing through
Regular
Weekly
Treasury
B i l l s 1/
(Dollar amounts in millions)
Description of issue
Issue
date
Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
1966-January
6 ..........
' 1966-April
July
January
1 3 ..........
April
July
H
H
91
182
2,258
2,004.
1,302
1,000
4.585
4.737
102
January
2 0 ..........
April
July
21
21
91
182
2,296
2,166
1,301
1,001
4.673
4.770
97
January
2 7 ..........
April
July
28
28
91
182
2,084.
2,305
1,301
1,000
4.596
4.699
101
February
3 ..........
May
August
5
4
91
182
2,14.5
1,672
1,301
1,000
4.638
4.740
98
February
1 0 ..........
May
August
12
11
91
182
2,010
2,401
1,304
1,001
4.650
4.775
104
February
1 7 ..........
May
August
19
18
91
182
2,365
1,984.
1,300
1,001
4-695
4.876
100
February
2 4 ..........
May
Aiigust
26
25
91
182
2,404
2,095
1,311
1,001
4.696
4.892
111
2
1
91
182
2,343
2,049
1,301
1,001
4.661
4.861
102
91
182
2,008
1,642
1,300
1,000
4.620
4.816
99
1,002
1,301
4.718
4.915
97
7
7
91
182
$1,966
1,933
$1,304
1,003
4.532
4.718
$105
March
3 ..........
June
September
March
1 0 ..........
June
September
9
8
March
1 7 ..........
June
September
16
15
91
182
2,320
2,767
March
2 4 ..........
June
September
23
22
91
182
2,223
1,923
1,301
1,000
4.576
4.776
92
3 1 ..........
June
September
30
29
91
182
2,265
1,884
1,000
1,300
4.554
4.755
100
f1967-October
I 1968-January
13
11
92
182
2,207
1,646
1,400
4.286
4.689
99
1 1967-October
1968-January
19
18
91
182
2,405
1,867
1,401
4.244
4.745
100
f1967-October
1968-January
26
25
91
182
2,366
2,030
1,401
1,000
4.424
5.044
100
March
1967-July
1 3 ..........
July
July
2 7 ..........
1,000
1,001
3 ..........
' 1967-November
1968-February
2
1
91
182
2,368
2,019
1,405
1,000
4.181
4.639
102
August
1 0 ..........
1967-November
1968-February
9
8
91
182
2,422
1,981
1,400
1,000
4.173
4.757
100
August
1 7 ..........
1967-November
1968-February
16
15
91
182
2,348
1,980
1,400
1,001
4.194
4.791
98
August
2 4 ..........
f 1967-November
1968-February
24
23
92
183
2,232
2,023
1,402
1,001
4.334
4.922
103
August
3 1 ..........
^1967-November
1968-February
30
29
91
182
2,367
2,196
1,400
4.492
4.994
97
1967-December
1968-March
7
7
91
182
2,679
1,633
1,001
1,401
4.324
4.765
102
1967-December
14
14
91
182
2,162
1,793
1,401
4-358
4.952
99
1967-December
1968-March
21
21
91
182
2,004
1,810
1,400
4.489
4.998
100
1967-December
[ 1968-March
28
28
91
182
2,822
1,845
1,401
4.628
5.143
101
91
182
2,065
1,907
1,401
4.513
5.098
99
90
181
2,183
1,892
1,501
4.563
5.022
101
4.678
5.165
4.597
5.124
August
September
September 1 4 ..........
September
September 2 8 ..........
1 1968-March
1,001
1,001
1,000
1,000
5 ..........
January
April
October
1 3 ..........
January
April
4
4
11
11
October
1 9 ..........
January
April
18
18
91
182
2,452
2,006
1,500
January
April
25
25
91
182
2,757
1,964
1,501
October
October
2 ..........
February
May
1
2
91
182
2,286
1,911
November
9 ..........
February
May
8
9
91
182
November
1 6 ..........
February
May
15
16
November
2 4 ..........
February
May
November
3 0 ..........
February
May
November
Footnotes at end of table.
1,000
1,001
1,000
1,001
99
101
1,501
4.543
5.043
96
2,382
1,757
1,501
1,001
4.674
5.180
102
91
182
2,628
1,652
1,501
1,000
4.648
5.154
100
23
23
91
181
3,038
2,289
1,500
4.988
5.517
98
1,000
29
31
91
183
2,705
2,146
1,502
1,003
4.957
5.535
103
(Continued on following page)
1,000
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
T a b l e 3. - N e w
M o n e y
Financing
through Regular W e e k l y Treasury Billsi/-(Continued)
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1967-December
7
December
14-
December
21
December
1968-January
February
Number of
days to
maturity
28
4
29
Amount
of bids
accepted
Average rate
of bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
1968-March
June
7
6
91
182
$2,762
2,416
$ 1,500
1,001
4.988
5.579
March
June
14
13
91
182
2,489
1,974
1,501
1,000
4-943
5.493
101
1
March
June
21
20
91
182
2,730
2,304
1,506
1,006
5.128
5.659
112
|
1
March
June
28
27
91
182
2,451
2,063
1,502
1,003
4.990
5.515
104
f
April
July
4
5
91
183
2,377
2,053
1,501
1
1,001
5.104
5.593
102
1
May
August
31
29
92
182
2,510
2,052
1,601
1,000
5.065
5.235
97
1
Source: See Table 2. Information in Table 3 covers bill offerings
July 1, 1965 through February 29, 1968.
Excludes issues of strips of additional amounts of outstanding, regular
l/
Amount
of bids
tendered
2/
weekly bills for cash on November 25, 1966 ($1,202 million).
Table 4.
Equivalent average rate on bank discount basis.
See
March 1968
33
PUBLIC DEBT OPERATIONS
Table 4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip
tion books
opened or bill
tenders received
Issue
date
Amount issued 2/
Amount of sub
scriptions tendered
Period to final
maturity
(years, months,
days) 2/
Description of securities 1/
Exchange
Cash
For
cash
Allot
ment
ratio
In exchange
u
(In millions of dollars)
365d
7/31/65
3.875$ Bill
8/13/65
4$
Note
2/15/67-C
8/15/62
4$
Bond
2/15/69
8/24/65
8/31/65
4.006$ Bill
8/31/66
365d
1,927
9/24-/65
9/30/65
4.236$ Bill
9/30/66
365d
2,970
10/1/65
1-1/2$ Note
I0/1/70-E0
10/11/65
3.783$ Bill
3/22/66 - Tax ant. 8/
I62d
4,052
3,009
10/11/65
3.941$ Bill
6/22/66 - Tax ant. 8/
254d
2,209
1.003
7/27/65
7/31/66
8/2/65
1/
5/
1,000
1,715
ly
6m
5,151
5,151
3y
6m
1,884
1,884
6/
Reopening Jj/
100
1,000
1,000
113
5y
113
10/5/65
10/26/65
10/31/65
4.192$ Bill
11/1/65
11/17/65
11/15/65
10/11/65
4-1/4$ Note .
4.075$ Bill
11/23/65
12/23/65
11/30/65
12/31/65
4.277$ Bill
4.731% Bill
12/29/65
10/11/65
4.281$ Bill
10/31/66
5/15/67-D
6/26/66 - Tax ant. 8/
(Reopening)
ly
365d
2,304,
210d
12,067
5,164
365d
365d
1,949
2,720
1,001
1,00]
l68d
3,647
1.007
10,133
1,917
1,652
365d
6m
11/30/66
12/31/66
6/22/66 - Tax ant. 8/
(Reopening)
1,000
9/
3,125
2,513
1/10/66
1/19/66
4-3/4$ Cert.
1/ 25/66
1/31/66
4.699$ Bill
1/31/67
1/31/66
(2/15/66
12/15/66
4-7/8$ Note
5$
Note
8/15/67-E (
11/15/70-A V
2/23/66
2/28/66
4.945$ Bill
2/28/67
365d
1,771
1,000
3/24/66
3/31/66
4.739$ Bill
3/31/67
365d
1,571
1,000
365d
1,834
365d
2,013
1,001
1,001
11/15/66-A
5/
^
10m
ly
4y
4/1/66
1-1/2$ Note
4/1/71-EA
4.773$ Bill
4/30/67
5/ 2/ 66
5/25/66
5/15/ 66
5/31/66
4-7/8$ Note
4.966$ Bill
11/15/ 67-F
5/31/67
6/ 23/ 66
6/30/66
4.697$ Bill
6/30/67
365d
1,569
7/26/66
7/31/66
8/15/66
8/15/66
4.964$ Bill
7/31/67
8/15/67-A
5/15/71-A
365d
1,869
8/1/66
5-1/4$ Cert.
5-1/4$ Note
5.338$ Bill
3/22/67
5/
Tax ant. 8/
Tax ant. 8/
9/27/66
V
10/11/66
10/25/66
11/1/66
8,135
3,135
9m
208d
,265 J 15/
2,006
2,950
5.433$ Bill
4/21/67
238d
1,490
1.003
8/31/66
5.844$ Bill
8/31/67
365d
2,237
1,000
273d
985
500
365d
1,473
6/ 30/66
5.808$ Bill
6/30/67 ■ Reopening
5.806% Bill
9/30/67
10/1/66
1-1/2$ Note
IO/ 1/ 7 1-E0
5.483$ Bill
4/21/67
5.586$ Bill
6/22/67
17/31/66
5.567$ Bill
7/31/67 ■ Reopening
10/18/66
[LO/31/66
5.544$ Bill
fLl/15/66
p/15/66
5-5/8$ Note
5-3/8$ Note
f 8/31/66
5.552$ Bill
Ul/30/66
5.519$ Bill
11/30/67
11/25/66
5.318$ Bill
f 3/31/67 \ "Strip" of 3
^ 5 / 3 1 / 6 7 J series 18/
Footnotes at end of table.
900
72
5y
Tax ant. 8/
(Reopening)
Tax a n t . 8/
10/31/67
2/15/68-A
11/15/71-B
ly
5y
8/31/67 - Reopening
72
185d
2,279
1,507
247d
2,457
2.007
273d
1,076
500
365d
2,272
5
14
3m
905
9/
1,702
1,668
274d
1,183
501
365d
2,164
900
156.3d
(Average
(Continued on following page)
2,987
100
,919
8/26/66
9/30/66
1y
995
5,919
4,265
11/23/66
11/17/66
35
1,001
iy
8/18/66
8/25/66
100
35
5y
ly
4y
11/
12/
2,117
7,675
4/30/66
5/
10/
1,001
6m
9m
4/ 26/ 66
7/
6,623
1,202 19/
932 "I l A/
66 j m
17/
Treasury Bulletin
34
. PUBLIC DEBT O PERATIO N S.
Table 4. - Offerings o f Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Date subscrip
tion books
opened or bill
tenders received
12/6/66
Issue
date
192d
1,662
f 9/30/66
4.920% Bill
-
9/30/67 - Reopening
270d
1,093
500
^12/31/66
4.820% Bill
-
12/31/67
365d
1,665
901
-
10/31/67 - Reopening
273d
1,316
501
365d
1,508
901
flO/31/66
4.656% Bill
^ 1/31/67
4.577% Bill
-
1/31/68
f 2/15/67
< 2/15/67
4-3/4% Note
4-3/4% Note
-
5/15/68-B 1
2/15/72-A J
Jll/30/66
4.718% Bill
-
2/28/67
4.696% Bill
-
10/18/66
4.295% Bill
-
fl2/3l/66
4.077% Bill
-
3/31/67
4.074% Bill
-
3/31/68
4/1/67
1-1/2% Note
-
4/1/72-EA
-
^ 1/31/67
3.843% Bill
-
1/31/68 - Reopening
275d
1,266
366d
4/25/67
366d
2,396
901
6/22/67 - Tax ant. 8/
(Reopening)
lOld
3,928
2,707
275d
1,299
500
366d
1,669
12/31/67 - Reopening
-
8/ 15 / 68-cl
5/15/72-B J
5y
5/
iy
5y
3m
3,636^1 20/
228J
900
-
34
-
34
-
500
-
1,537
-
902
-
6,444
5,310
-
-
-
6,444 1 ► 22/
5,310 J
/ 2/28/67
3.945% Bill
-
2/29/68 - Reopening
274d
1,133
3.934% Bill
-
5/31/68
366d
1,398
f 3/31/67
4.723% Bill
-
3/31/68 - Reopening
275d
1,183
500
6/30/67
4.732% Bill
-
6/ 30/68
366d
1,771
1,001
r 7/11/67
4.861% Bill
-
3/22/68 - Tax ant. 8/
255d
3,251
2,003
\ 7/11/67
4.898% Bill
-
4/22/68 - Tax a n t . 8/
286d
3,027
2,001
/ 4/30/67
5.164% Bill
-
4/30/68 _ Reopening
274d
1,197
500
366d
2,587
1,001
-
3,550
6,363
L 7/31/67
5.150% Bill
-
7/31/68
8/15/67
5-1/4% Note
-
11/15/68-D
5/
iy
3m
-
2/15/71-C
5/
3y
5lgm
8/30/67
5-3/8% Note
f 5/31/67
5.097% Bill
| 8/31/67
5.100% Bill
2,509
-
1,297
501
-
8/31/68
366d
1,901
1,000
6/ 30/68 - Reopening
272d
366d
1,256
1,741
-
1,000
-
-
11
-
11
-
7/11/67
4.934% Bill
-
10/9/67
5.108% Bill
10/24/67
f 7/31/67
^10/31/67
5.313% Bill
5.301% Bill
10/30/67
f 11/15/67
^11/15/67
5-5/8% Note
5-3/4% Note
-
11/22/67
f 8/31/67
V 11/30/67
5.422% Bill
5.431% Bill
-
12/26/67
f 9/30/67
\l2/3l/67
5.555% Bill
5.544% Bill
1/9/68
10/9/67
5.058% Bill
Footnotes on following page.
2A/
6,004
1-1/2% Note
5.254% Bill
5.267% Bill
9/
274d
10/1/67
flo/31/67
^ 1/31/68
-
900
5/31/68 _ Reopening
-
10/3/67
15,660
500
-
-
9/30/68
10/1/72-E0
5y
4/22/68 - Tax ant. 8/
(Reopening)
6/2.4/68 - Tax ant. 8/
7/31/68 - Reopening
10/ 31/68
2/15/69-A
11/15/74-A
ly
7y
19 6d
3,217
1,506
3,279
3,006
274d
366d
1,282
2,074
1,002
501
3,156p
l,507p
15,645p\
14,132pJ ■9/
8/ 31/68 - Reopening
11 / 30/68
275d
366d
1,264
1,767
1,000
9/ 30/68 - Reopening
12/31/68
272d
366d
1,137
1,493
1,000
l6ld
6,360
2,528
274d
366d
1,209
1,604
6/ 24/68 - Tax ant. 8/
(Reopening)
_
500
259d
3m
10/ 31/68 - Reopening
1/31/69
(Continued on following page)
21/
-
V 5/31/67
5.144% Bill
5.124% Bill
1/25/68
2/29/68
3.833% Bill
6/30/67
9/30/67
u
500
4-1/4% Note
4-3/4% Note
8/24/67
9/26/67
1,307
f 5/15/67
\ 5/15/67
7/25/67
8/22/67
1,951
1,777
19,915^
9/
22,135 j
275d
4/30/68
6/27/67
8/1/67
3m
11/30/67 - Reopening
4/30/67
5/24/67
7/5/67
5/
iy
5y
Allot
ment
ratio
(In millions >of dollars)
801
6/22/67 - Tax ant. 8/
(Reopening)
3/28/67
5/1/67
Exchange
In exchange
u
-
2/21/67
U
Cash
Amount issued 3/
For
cash
5.245% Bill
1/24/67
3/7/67
Amount of sub
scriptions tendered
10/18/66
12/27/66
1/30/67
Period to final
maturity
(years, months,
days) 2/
Description of securities l/
500
25/
7,58^
145pJ
-
500
500
“
1,000
-
27/
March 1968
35
PTTWT.TP DEBT O P E R A T IO N S__________________
Table
4. - O f f e r i n g s
Regular
Date subscrip
tion books
opened or bill
tenders received
Issue
date
of
Public
W e e k l y
Marketable
Treasury
Description of securities 1/
Bills
Securities
Other
than
- (Continued)
Period to final
maturity
(years, months,
days) 2/
Amount of subsnrintions t,p>ndp>r’
(=>d
Cash
Exchange
Amount issued
For
cash
In exchange
u
Allot
ment
ratio
(In millions <3f dollars)
2/5/68
2/15/68
5-3/4% Note
-
2/15/75-A
7y
2/13/68
2/21/68
5-5/8% Note
-
5/15/69-B
ly
2/21/68
fll/30/67
^ 2/29/68
5.240% Bill
5.281% Bill
-
11/30/68-Reopening
2/28/69
Source:
Bureau of the Public Debt
1/ Bonds, notes, and certificates of indebtedness issued at par except
those bearing footnote 5- For bill issues, always sold at auction,
the rate shown is the equivalent average rate (bank discount basis)
on accepted bids. For details of bill offerings, see Table 2.
On September 3, 1963, the Treasury began the monthly issuance of oneyear bills to mature on the last day of each month and, in addition,
pn September 30, 1966, it began the monthly issuance of bills to
mature in nine months.
2/ From date of additional issue in case of a reopening.
2/ In reopenings, the amount issued is in addition to the amount of
original offering.
Lj For securities exchanged for the new issues, see Table 8.
y
Price at which issued appears in either Table 5 or 6.
6/ Includes $3,051 million of the 4% notes and $1,076 million of the 4%
bonds allotted to Federal Reserve banks and Government investment
accounts.
7/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951- For further
information on the original offering see Treasury Bulletin for
April 1951, page A-l. Amounts shown are as of February 29, 1968.
8/ Tax anticipation bill, acceptable at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
2/ Payment for subscriptions allotted could be made in cash or in
Treasury bonds,'notes, or certificates of indebtedness maturing on the
issue date of the new security.
10/ Consists of allotments paid for with Treasury notes maturing
November 15, 1965.
11/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds,
international organizations in which the United States holds member
ship, foreign central banks and foreign states, Government investment
accounts and the Federal Reserve banks, totaling $7,169 million, were
allotted in full where, as provided in the offering circular, the
subscriber made the required certification of ownership of notes
maturing November 15, 1965. Subscriptions subject to allotment totaled
$4,898 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but- in no case less
than $200,000.
12/ Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 14.5 percent but In no case less
than $50,000.
13/ Includes $1,250 million of the 4-7/8% notes and $1,121 million of the
5% notes allotted to Federal Reserve banks and Government investment
accounts.
14/ Includes $6,685 million allotted to Federal Reserve banks and Govern
ment investment accounts.
15/ Includes $4,431 million of the 5-l/4% certificates and $1,519 million
of the 5-1/4% notes allotted to Federal Reserve banks and Government
investment accounts.
16/ Consists of allotments paid for with Treasury bonds, notes, and certif
icates of indebtedness maturing November 15, 1966.
17/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, inter
national organizations in which the United States holds membership,
foreign central banks and foreign states, Government investment accounts
and the Federal Reserve banks, totaling $943 million for the 5-5/8%
notes and $75 million for the 5-3/8% notes, were allotted in full where,
as provided In the offering circulars, the subscriber made the required
certification of ownership of securities maturing November 15, 1966.
Subscriptions subject to allotment totaled $4,918 million for the 5-5/8%
notes which were allotted 30 percent, and $13,954 million for the 5-3/8%
notes which were allotted 10 percent; subscriptions for $100,000 or
less were allotted in full, and subscriptions for more than $100,000
were allotted not less than $100,000.
5,l49p
3m
275d
365d
18/
19/
20/
21/
22/
23/
24/
25/
26/
27/
28/
29/
5,149p 28/
9,873p
4,277p
1,348
1,520
500
100
29/
1,002
Sale of a "strip" of Treasury bills, consisting of an additional $400
million of three series of outstanding one-year Treasury bills maturing
March 31, April 30, and May 31, 1967.
Issued for cash and in exchange for Treasury bills maturing November
25, 1966.
Consists of allotments paid for with Treasury notes maturing February
15, 1967.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, inter
national organizations in which the United States holds membership,
foreign central banks and foreign states, Government investment accounts
and the Federal Reserve banks, totaling $3,675 million for the notes
of Series B-1968 and $248 million for the notes of Series A-1972, were
allotted in full where, as provided in the offering circulars, the
subscriber made the required certification of ownership of securities
maturing February 15, 1967. Subscriptions subject to allotment totaled
$16,240 million for the notes of Series B-1968, those up to and
including $100,000 were allotted in full, all others were allotted 10
percent but in no case less than $100,000, and $21,887 million for the
notes of Series A-1972, those up to and including $50,000 were allotted
in full, all others were allotted 7 percent but in no case less
than $50,000.
Includes $4,430 million of the 4-1/4% notes and $2,576 million of the
4-3/4% notes allotted to Federal Reserve banks and Government invest
ment accounts.
Consists of allotments paid for with Treasury certificates of
indebtedness and notes maturing August 15, 1967.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, inter
national organizations in which the United States holds membership,
foreign central banks and foreign states, Government investment account;
and the Federal Reserve banks, totaling $6,340 million, were allotted
in full where, as provided in the offering circular, the subscriber
made the required certification of ownership of securities maturing
August 15, 1967. Subscriptions subject to allotment totaled $9,320
million: those up to and including $100,000 were allotted in full;
all others were allotted 35 percent but in no case less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscrip
tions for more than $100,000 were allotted 38 percent but in no case
less than $100,000.
Consists of allotments paid for with Treasury notes and bonds
maturing November 15, 1967.
Subscriptions from States, political subdivisions or. instrumentalities
thereof, public pension and retirement and other public funds,
international organizations in which the United States holds member
ship, foreign central banks and foreign states, Government investment
accounts and the Federal Reserve banks, totaling $7,575 million for
the notes of Series A-1969 and $149 million for the notes of Series
A-1974, were allotted in full where, as provided in the offering
circulars, the subscriber made the required certification of owner
ship of securities maturing November 15, 1967. Subscriptions subject
to allotment totaled $8,070 million for the notes of Series A-1969
which were allotted 36 percent, and $13,984 million for the notes of
Series A-1974 which were allotted 7-1/2 percent; subscriptions for
$100,000 or less were allotted in full, and subscriptions for more
than $100,000 were allotted not less than $100,000.
Includes $1,280 million allotted to Federal Reserve banks and
Government investment accounts.
Subscriptions for $200,000 or less were allotted in full. Sub
scriptions for more than $200,000 were allotted 39 percent but
in no case less than $200,000.
P Preliminary.
Treasury Bulletin
36
.PUBLIC DEBT O P E R A TIO N S.
Table 5. - Unmatured Marketable Securities Issued in Advance Refunding Operations
Description of securities
Date of
financing
Adjustment payments
at issue (per $100
of face value) 1/
Amount issued
(in millions)
By
Treasury
To
Treasury
Effective
yield 2/
Investment
yield 2/
Eligible securities exchanged
1968
3-7/8% Bond
-
5/15/68
6/23/60
$320 U
3-7/8% Bond
- 11/15/68
9/18/63
620 y
194 U
777 U
3.88%
4.14/°
2-1/2% Bond
-
$0.65
1.60
0.95
4.01
4.23
4.08
4.02
4.02
4.02
3-1/4% Certificate
4-3/4% Note
3-3/4% Note
_
0.45
0.80
0.30
0.45
0.50
0.65
0.10
0.25
$ 0.30
4.10
4.18
4.06
4.10
4.H
4.14
4.03
4.07
3.96
4.06
4.06
4.06
4.06
4.08
4.08
4.09
4.08
4.08
5%
4-7/8%
3-3/4%
3-3/4%
3-7/8%
4%
3-5/8%
3-3/4%
3-5/8%
Note
Note
Note
Note
Note
Note
Note
Bond
Note
0.30
4.13
4.10
4.21
4.09
4.15
4.12
4.05
3.92
4.16
4.18
4.18
4.18
4.18
4.18
4.18
4.17
2-5/8%
3-1/2%
4%
3-5/8%
3-7/8%
3-3/4%
3-3/4%
3-5/8%
Bond
Note
Note
Note
Note
Bond
Note
Bond
0.25
4.29
4.33
4.17
4.17
4.32
3.96
4.15
4.15
4.16
4.16
4.16
4.15
5%
4-7/8%
3-3/4%
3-3/4%
4-5/8%
2-5/8%
Note
Note
Note
Note
Note
Bond
~
2.00
4.00
3.75
4.11
4.10
3%
Bond
2-5/8% Bond
-
2/15/64
2/15 /65
-
8/15/63-C
11/15/63-D
8/15/63
2/15/64
11/15/61
5/15/64-B
5/15/64-A
5/15/64-D
1,591
4%
Bond
-
10/1/69 5/
7/24/64
<
287
250
635
161
399
179
942
294
579
U
U
U
U
U
-
----------
_
_
-
8/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-C
8/15/66-A
2/15/66-B
5/15/66
2/15/67-B
3,726
1970
Bond
-
2/15/70
1/19/65
0.60
674
640
176
588
379
u
u
y
V
300 u
903 y
724 u
0.45
0.90
0.40
0.70
0.50
0.05
-
-
2/15/65
11/15/65-B
11/15/65-E
2/15/66-B
2/15/66-C
5/15/66
8/15/67-A
11/15/67
4,381
Bond
-
8/15/70 5/
1/29/64
U
L/
U
U
221 4 /
654 k/
1.65
1.85
0.95
0.95
1.80
-
8/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-A
2/15/65
2,223
1971
IS
165
211
694
278
Bond
3-7/8% Bond
-
8/15/71
- 11/15/71 5/
3/9/62
3/15/63
1,154 U
1,651 y
2,806
y
y
y
y
1.10
0.90
0.70
0.70
4.03
4.00
3.97
3.97
3.97
3.96
3.97
3.96
3-1/2%
3-1/8%
2-1/2%
3%
Certificate
Certificate
Bond
Bond
370 y
259 y
402 y
449 y
720 y
379 y
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.08
4.15
4.06
4.05
4.06
4.06
4.06
4.07
3-1/2%
2-5/8%
3-1/4%
3-1/4%
3-1/4%
4%
Certificate
Note
Note
Certificate
Note
Note
693
94
532
196
1, 515
1972
Bond
-
8/15/72
9/20/62
2,579
Footnotes at end of table.
(Continued on following page)
_
_
_
_
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B
March
1968
37
PUBLIC DEBT O PE R A T IO N S.
Table 5. - Unmatured Marketable Securities Issued in Advance Refunding Operations - (Continued)
Description of securities
Date of
financing
1973
Bond
8/15/73
9/18/63
Amount issued
(in millions)
Adjustment payments
at issue (per $100
of face value) 1/
By
Treasury
Effective
yield 2/
Investment
yield 2 /
Eligible securities exchanged
To
Treasury
lj
k/
U
lj
4/
U
$1.15
2.10
1.45
1.15
1.80
0.40
0.70
4.14%
4.26
4.18
4.16
4.22
4.07
4.12
4.15%
4.14
4.14
4.15
4.15
4.15
4.14
3-1/4%
4-3/4%
3-3/4%
3-3/4%
4%
3-5/8%
3-3/4%
Certificate
Note
Note
Bond
Note
Note
Note
362
232
344
213
769 U
334 U
1,303 u
297 lj
503 4/
0.90
1.25
0.75
0.90
0.95
1.10
0.55
0.70
0.15
4.29
4.22
4.24
4.25
4.27
4.20
4.23
4.17
4.24
4.22
4.22
4.22
4.22
4.23
4.23
4.24
4.23
4.23
5%
4-7/8%
3-3/4%
3-3/4%
3-7/8%
4%
3-5/8%
3-3/4%
3-5/8%
Note
Note
Note
Note
Note
Note
Note
Bond
Note
4.21
4.19
4.26
4.19
4.22
4.20
4.16
4.08
4.23
4.24
4.24
4.24
4.24
4.24
4.24
2-5/8%
3-1/2%
4%
3-5/8%
3-7/8%
3-3/4%
3-3/4%
3-5/8%
Bond
Note
Note
Note
Note
Bond
Note
Bond
3.88
4 .O4
4.08
3.97
3.97
3.98
3.98
3.97
| 3%
i 3-1/2%
3-5/8%
3-3/8%
Bond
Note
Note
Bond
1.15
4.30
4.32
4.25
4.25
4.31
4.17
4.25
4.25
4.25
4.25
4.25
4.25
5%
j; 4-7/8%
! 3-3/4%
I 3-3/4%
4-5/8%
2-5/8%
Note
Note
Note
Note
Note
Bond
0.25
3.98
4.20
2-5/8% Bond
-
4.04
3-1/2%
3-1/8%
3-1/2%
3-5/8%
2-1/2%
3%
3%
3-3/8%
-
$500
214
782
621
340
721
716
_
-
5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
8/15/66-A
2/15/67-B
8/15/67-A
3,5
4-1/8% Bond
-
11/15/73
7/24/64
-
-
8/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-C
8/15/66-A
2/15/66-B
5/15/66
2/15/67-B
4,357
1974
4-1/8% Bond
-
2/15/74
1/19/65
493
416 U
140 u
334 V
400 U
147 u
461 4/
739 4/
0.65
0.50
0.95
0.45
0.75
0.55
0.10
$0.25
4.24
-
-
2/15/65
11/15/65-B
11/15/65-E
2/15/66-B
2/15/66-C
5/15/66
8/15/67-A
11/15/67
3,130
3-7/8% Bond
-
11/15/74 5/
3/15/63
251
136
314
373
4/
U
4/
V
1.50
1.70
0.90
lj
U
u
U
U
4/
0.75
0.95
0.05
0.05
0.90
-
-
8/15/66
11/15/65-B
2/15/66-B
11/15/66
1,074
4-1/4% Bond
-
5/15/75-85 5/
1/29/64
106
117
239
158
76
53
8/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-A
2/15/65
748
1980
3/9/62
4%
2/15/80 5/
Bond
3/15/63
563 U
17 A/
2 4/
195 V
420 4/
49 A/
24 4/
210 V
213 4/
0.90
0.70
1.00
1.20
0.50
0.50
4.07
4.06
4.08
4.11
Certificate
Certificate
Note
Note
Bond
Bond
Bond
Bond
2/15/65
8/15/63-0
ll/l5/63-D
11/15/65-B
2/15/66-B
8/15/63
2/15/64
8/15/66
11/15/66
0.50
4.04
3.96
4.03
4.04
4.04
4.04
4.04
4.03
4.03
4.03
2.25
3.50
3.34
3.25
4.16
4.15
2-1/2% Bond
2-1/2% Bond
- 3/15/65-70
- 3/15/66-71
3.50
3.92
2-1/2% Bond
- 6/15/62-67
4.04
0.40
-
1,131
3-1/2% Bond
-
11/15/80 5/
9/29/61
1,035 U
238 4/
1,273
10/3/60
Footnotes at end of table.
643 lj
(Continued on following page)
Treasury Bulletin
38
.PUBLIC DEBT O PERATIO N S.
Table 5. - Unmatured Marketable Securities Issued in Advance Refunding Operations - (Continued)
Description of securities
Date of
financing
Amount Issued
(In millions)
1987
7/24/64
J
\
I
4-1/4% Bond
-
$197
118
196
145
188
151
148
21
35
Adjustment payments
at issue (per $100
of face value)l/
By
Treasury
Effective
yield 2/
Investment
yield 2/
4.25%
4.28
4.24
4.25
4.26
4.27
4.23
4.24
4.22
4.24%
4.24
4.24
4.24
4.25
4.25
4.25
4.25
4.25
5%
4-7/8%
3-3/4%
3-3/4%
3-7/8%
4%
3-5/8%
3-3/4%
3-5/8%
Note
Note
Note
Note
Note
Note
Note
Bond
Note
8/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-C
8/15/66-A
2/15/66-B
5/15/66
2/15/67-B.
4.23
4.23
4.26
4.22
4.24
4.23
4.21
4.18
4.24
4.25
4.25
4.25
4.25
4.25
4.25
4.25
2-5/8%
3-1/2%
4%
3-5/8%
3-7/8%
3-3/4%
3-3/4%
3-5/8%
Bond
Note
Note
Note
Note
Bond
Note
Bond
2/15/65
11/15/65-B
11/15/65-E
2/15/66-B
2/15/66-0
5/15/66
8/15/67-A
11/15/67
4.20
4.26
4.22
4.21
4.24
4.17
4.20
4.21
4.20
4.20
4.21
4.21
4.21
4.20
3-1/4%
4-3/4%
3-3/4%
3-3/4%
4%
3-5/8%
3-3/4%
Certificate
Note
Note
Bond
Note
Note
Note
0.25
3.56
3.49
4.23
4.21
2-1/2% Bond
2-1/2% Bond
3/15/65-70
3/15/66-71
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
2-1/2% Bond
2-1/2% Bond
2-1/2% Bond
6/15/67-72
9/15/67-72
12/15/67-72
3.50
3.96
2-1/2% Bond
- 12/15/63-68
3.60
3.55
4.19
4.19
2-1/2% Bond
2-1/2% Bond
-
3.50
3.49
3.48
4.19
4.19
4.17
2-1/2% Bond
2-1/2% Bond
2-1/2% Bond
6/15/67-72
9/15/67-72
12/15/67-72
3.50
3.50
3.97
3.99
2-1/2% Bond
2-1/2% Bond
6/15/ 64.-69
12/15/64.-69
$0.05
0.40
_
y
y
y
y
y
10.10
0.05
0.10
0.25
-
“
Eligible securities exchanged
To
Treasury
0.30
0.15
0.70
1,198
8/15/87-92 £/
1/19/65
641
282 ij
145 y
144 y
665 y
116 1/
140 4 /
122 lj
0.25
0.40
0.05
0.45
0.15
0.35
0.80
1.15
2,254
1989
4-1/8% Bond
-
5/15/89-94 5/
9/18/63
375
126
317
114
105
91
132
U
U
U
y
y
y
u
1.3 5
2.30
1.65
1.35
2.00
0.60
0.90
5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
8/15/66-A
2/15/67-B
8/15/67-A
1,260
1990
9/29/61
3-1/2% Bond
-
722 lj
576 U
1.00
1,298
2/15/90 5 /
3/16/62
233 U
345 y
322 lj
900.
10/3/60
f
9/29/61
993 U
495 4/
692 y
2.00
1.00
3/15/65-70
3/15/66-71
1,187
3-1/2% Bond
-
11/15/98 jj/
3/16/62
181 y
420 y
333 y
10/3/60
1,095 y
1,248 y
0.25
0.50
933
2,343
1/
7j
Does not include payments for accrued interest.
The effective rate of interest on the new issue is the coupon rate
adjusted for the amount paid by or to the Treasury as discount or
premium on the new security exchanged for eligible securities
originally issued at par. For eligible securities originally issued
at prices other than par, the.payment by or to the Treasury is
applied to the price adjusted for the pro rata amortization of the
original discount or premium to the date of the advance funding.
Based on the mean of bid and asked prices of securities eligible for
exchange (adjusted for payments on account of purchase price of
securities issued) at noon on the day before announcement by the
Treasury.
Gain
or loss on exchange deferred in accordance with Section 1037a of
4/
the Internal Revenue Code.
*>/ Additional issue.
2/
March 1968
39
.PUBLIC DEBT O PERATIO N S.
Table 6. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Date of
financing
Description of securities
Effective
interest
rate
unt issued
. millions)
Average price
per hundred
$131
289
8
320
$99,375
99.375
99.375
99.375
3.98%
3.98
3.98
3.98
3-1/8%
4%
1-1/2%
2-3/4%
99.50
99.50
3.96
3.96
1/
99.875
99.875
99.875
4.85
4.85
4.85
Eligible securities exchanged
1968
8/1/61
3-7/8$
Bond
5/15/68
C
Note
5/15/68-B
-
-
8/1/61-C
8/1/61-A
10/1/61-E0
9/15/61
749
12/20/61
4-3/4%
Cert.
Note
Note
Bond
320
#
320
1,951
396
3,240
2/15/67
Series F & G savings bonds
1/
3-5/8? Note
Note
4$
2/15/67-B
2/15/67-C
5,587
4-1/4%
Note
8/15/68-C
5,804
5/15/67
640
99.95
100.05
4.29
4.21
2-1/2% Bond
4-1/4$ Note
5/15/67-D
6/15/67
99.94
99.94
99.94
99.94
5.30
5.30
5.30
5.30
5-1/4$ Cert.
3-3/4$ Note
4-7/8$ Note
1/
8/15/67-A
8/15/67-A
8/15/67-E
6,444
’ 4,621
420
Note
11/15/68-D
8/15/67
1,322
3,550
9,913
4%
Bond
2/15/69
8/13/65
1,884
99.45
4.17
3-7/8$ Note
147
100.50
IS
Bond
10/1/69 2/
100.50
3.93
3.93
Series F & G savings bonds
1/
5-1/4%
1969
•*
12/15/60
-
8/13/65-D
147
1/24/62
1,114
99.75
4.04
1/
2/15/66
1,230
657
2,625
324
100.25
100.30
100.45
100.90
4.94
4.93
4.90
4.79
Note
IS
3-3/4% Bond
1970
5%
Note
11/15/70-A
1971
4%
3%
Note
Bond
_
-
-
5/15/66-D
5/15/66
8/15/66-A
8/ 15 /66
4,836
5-3/8% Note
5-1/4% Note
2/15/71-C
5/15/71-A
8/30/67
2,509
99.92
5.40
1/
8/15/66
517
584
100.10
100.35
100.55
5.23
5.17
5.12
4-3/4% Cert.
Note
4%
3-3/8% Bond
99.50
99.50
99.50
3.94
3.94
3.94
Cert.
3%
Note
4%
2-1/4% Bond
99.50
99.50
3.94
3.94
1/
99.625
99.625
99.625
4.84
3 - 5/ 8$ Note
Note
4$
100.10
99.70
100.15
99.80
4.73
4.82
4.72
4.80
2 - 1/ 2$
5 - 1/ 4$
3 - 3/ 4$
4-7 / 8$
100.25
100.25
4.22
4.22
4- 5/ 8$ Note
3 -7 / 8$ Note
586
_
-
-
11/15/66- a
11/15/66-E
11/15/66
1,687
465
284
455
5/15/62
3-7/8%
Bond
1,204
11/15/71 2/
41
12/15/62
t
1972
4-3/4%
Note
2/15/72-A
5/15/62-A
5/15/62-E
6/15/62
2/15/67
41
1,777
54
174
4.84
4.84
Series F & G savings bonds
1/
2/15/67-B
2/15/67-C
2,006
4-3/4%
Note
5/15/72-B
5/15/67
446
308
837
213
Bond
Cert.
Note
Note
_
-
-
6/15/67
8/15/67-A
8/15/67-A
8/15/67-E
1,804
1974
5/15/65
4-1/4%
Bond
Footnotes at end of table.
5/15/74
732
1,329
2,062
(Continued on following page)
5/15/65-A
5/15/65-C
Treasury Bulletin
40
PUBLIC D EBT O PERATIONS
T a b l e 6. - U n m a t u r e d M a r k e t a b l e
Other
than
Advance
Date of
financing
Description of securities
S e c u r i t i e s I s s u e d at a P r e m i u m
or D i s c o u n t
Refunding Operations - (Continued)
Amount issued
(in millions)
Average price
per hundred
Effective
interest
rate
$517
$99.00
3.97%
2-1/2% Bond
99.40
99.15
99.85
99.850
5.73
5.73
5.73
5.72
4-1/4%
3-3/4%
5-1/4$
3-7/8%
99.00
9 9 .50
99.50
4.07
4-04
4.04
1/
Series F & G savings bonds
1/
1,135
100.50
3.22
1/
360;
101.00
101.00
101.00
4.19
4.19
4.19
4%
Note
3-1/4% Note
1/
Eligible securities exchanged
197k
3-7/8%
Bc-nd
11/15/74 2/
11 / 15/61
Note
2/15/75-A
2/15/68
1975
5-3/4$
(
<
1
L
507
1 ,10 V
929
*
Note
Bond
Note
Bond
11 / 15/61
8/15/68-C
8/15/68
11/15/68-D
11/15/68
2,975
1980
f
Bond
4%
2/ 15/80 2/
\
884
1/23/59
12/15/62
{
1985
3-1/#
Bond
5/15/85
6/3/58
Bond
8/15/87-92 2/
8/ 15/62
“
34
1987
4-1/4#
(1
365
1988
4%
Bond
2/15/88-93
1/17/63
250
99.85
4.01
1/
Bond
5/15/89-94
4/18/63
300
100.55
4-09
1/
1989
4- 1/ 8%
1/
2/
Issued for cash.
Additional issue.
Less than $500,000.
8/15/62-B
8/15/62-G
March 1968
41
PUBLIC DEBT O PERATIONS
Table
7. - A l l o t m e n t s
by
Investor Classes
on
P a r t A. - O t h e r
Subscriptions
than
for P u b l i c
Treasury
Bills
Marketable
Securities
1/
(in millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
8/13/65
11/15/65
Description of securities
(4%
]4%
u-i/4%
For
cash
TJ. S. Gov
ernment
In
investment
exchange
accounts
for
and
other
Federal”
securi Reserve
ties
Banks
Commer
cial
banks
2/
Indi
vidu
als
1/
Insur
ance
compa
nies
Mutual
sav
ings
banks
Pension
and re
tire
ment
funds
Other
funds
Dealers
and
brokers
All
other
6/
37
4
*
*
274
104
75
119
119
49
144
39
1
175
313
371
25
2
*
18
4
53
8
163
126
220
2
72
#
8
81
327
28
636
44
600
27
17
47
3
185
225
186
79
119
10
88
12
46
156
97
9
11
1
4
208
137
154
343
118
222
1/
-
5,151
1,884
3,051
1,076
1,210
476
88
7
34
36
Note
5/15/67-D
8/
3,125
6,623
6,577
1,854
144
47
84
1,652
-
1,469
62
9
10
_
2,117
7,675
1,250
1,121
524
3,919
44
388
10
222
8,135
6,685
704
56
-
5,919
4,265
4,431
1,519
741
1,679
-x-
State and local
governments jj/
6
27
7
2/15/67-C
2/15/69
Note
Bond
Corpo
rations
u
Private
pension
and re
tirement
funds
236
1/19/66
4 -3/ 4%
Cert.
ll/15/66-A
o/i t ///
2/15/Ob
k - 7 / 8%
]5%
Note
Note
8/15/67-E
11/15/70-A
5/ 15/66
4-1/8%
Note
11/15/67-F
0rt/Tr
/ 15 //LL
bo
(5-1/4%
]5-l/4%
Cert.
Note
8/15/67-A
5/15/71-A
"11/15/66
l1 /~\a /L L
15-5/8%
\5-3/8%
Note
Note
2/ 15 / 68-Al rt/
11/15/71-Bj 8/
1,702
1,668
932
66
843
-
1,012
929
99
115
29
25
24
44
128
144
15
6
1
5
116
76
249
295
118
95
2/15/67
(4-3/4%
\-3/4%
Note
Note
5/15/68- b \
2/15/72-AJ £/
1,951
1,777
3,636
228
3,488
139
1,148
790
94
132
19
47
27
58
167
164
20
10
1
2
194
112
305
353
123
198
5/l5/67
(4-1/4% .Note
\ - 3 / 4 % Note
8/15/68-C
5/15/72-B
_
-
6,444
5,310
4,430
2,576
1,212
1,658
62
78
11
14
17
15
178
73
18
6
1
1
156
148
196
454
163
225
3,550
6,363
6,066
2,240
I 64
30
65
135
26
4
317
481
385
2,509
-
52
1,900
83
15
43
24
6
3
24
179
180
7,581p
145p
7,486
77
1,973
716
127
207
53
125
24
47
65
64
19
21
1
7
121
87
535
217
250
167
5,149p
1,280
2,430
131
99
75
52
22
12
169
512
367
139
3,647
100
6
21
30
9
16
180
129
8/15/67
5-1/4%
Note
11/15/68-D
8/30/67
5-3/8%
Note
2/15/71-C
11/15/67
(5-5/8%
|5-3/4%>
Note
Note
2/15/69-A
11/15/74-A
2/15/68
5-3/4%
Note
2/15/75-A
2/21/68
5-5/8%
Note
5/15/69-B
8/
3,156p
1,507p
4,277p
Source: Based on subscription and allotment reports. For detail of
offerings see Table 4.
1/ Excludes 1-1/2% Treasury notes issued in exchange to holders of non
marketable 2-3/ 4%> Treasury bonds, Investment Series B-1975-80.
2/ Includes trust companies and stock savings banks.
2/ Includes partnerships and personal trust accounts.
lj Exclusive of banks and insurance companies.
5/ Consists of trust, sinking, and investment funds of State and local
governments and their agencies.
1/
8/
-x-
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country.
Reopening of earlier issue.
Offerings subject to allotment, were made for the purpose of paying
off maturing securities in cash. Holders of the maturing securities
were not offered preemptive rights to exchange their holdings but
were permitted to present them in payment or exchange, in whole or
in part, for the new issues.
Less than $500,000.
p
Preliminary.
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table
7. - A l l o t m e n t s
by
Investor Classes
Part B. - T r e a s u r y
Bills
on
Subscriptions
Other than
for Public
Regular W e e k l y
Marketable
Securities
Series
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
9 -month
series
1/
Tax antici
pation
series
Other
series
(percent)
U. S. Gov
ernment
investment
accounts
and
Federal
Reserve
Banks
Commer
cial
banks
Corpo
rations
2/
Dealers
and
brokers
All
other
7/31/65
7/31/66
3.875
1,000
160
293
37
420
90
8/31/65
8/31/66
4.006
1,000
189
311
14
408
78
9/30/65
9/30/66
4.236
1,000
283
339
31
264
83
10/11/65
f 3/22/66
<6 / 22/66
3.783
3.941
-
3,001
1,001
2
1
10/31/65
10/31/66
4.192
202
314
73
281
11/24./65
6/22/66
4.075
-
2,499
5
1
8
11/30/65
11/30/66
4.277
1,001
171
453
22
256
99
12/31/65
12/31/66
4.731
1,001
180
1/5/66
6/22/66
4.281
1/31/66
1/31/67
4.699
2/28/66
2/28/67
3/31/66
3/31/67
4-/30/ 66
5/31/66
3,009
1,003
1,000
2,513 2/
6
1
130
63
291
8
459
-
995
2
1
9
1,001
192
486
40
176
107
4.945
1,000
124
314
59
352
151
4.739
1,000
75
397
29
374
125
4/30/67
4.773
1,001
190
332
34
302
143
5/31/67
4.966
1,001
198
302
30
347
124
1,007 2/
6/30/66
6/30/67
4.697
1,001
50
383
34
406
128
7/31/66
7/31/67
4.964
995
236
17
307
170
8/ 26/ 66
f 3/22/67
^4/21/67
5.338
5.433
265
_
-
1,99.6
1,000
1
1
-
9
2
350
403
2
150
95
80
185
235
308
5
30
158
212
22
165
-
1,498
2,000
5
*
4
7
107
84
221
189
12
18
149
535
11
79
8/31/66
8/31/67
5.844
9/30/66
f 6/30/67
\9/30/67
5.808
5.806
10/18/66
f 4/21/67
^6/22/67
5.483
5.586
10/31/66
f 7/31/67
V o / 31/67
5.567
5.544
11 / 25/66
2,006
1,003
1,000
500
900
1,507 2/
2,007
500
905
1,202
5.318
11/30/66
r U
I 8/31/67
{Ll/30/67
12/12/66
6/22/67
5.245
12/31/66
f 9/30/67
|12/31/67
4.920
4.820
1/31/67
flQ/31/67
< 1/31/68
4.656
4.577
901
2/28/67
fil/30/67
2/29/68
4.718
4.696
901
5.552
5.519
501
900
6/22/67
4.295
3/31/67
4.077
4.074
900
4/30/67
r 1 / 31/68
^ 4/ 30/68
3.843
3.833
902
5/31/67
r 2/ 29/68
< 5/ 31/68
3.945
3.934
900
6/30/67
j 3 / 31/68
s 6/ 30/68
4.723
4.732
1,001
7/11/67
j 3 / 22/68
\ 4/ 22/68
4.861
4.898
7/31/67
f 4/ 30/68
^ 7 / 31/68
5.164
5.150
1,001
8/31/67
/ 5/ 31/68
\ 8/ 31/68
5.097
5.100
1,000
9/30/67
f 6/ 30/68
^ 9 / 30/68
5.144
5.124
1,000
10/9/67
f 4/ 22/68
1 6/ 24/68
4-934
5.108
Footnotes at end of table.
1
-
5
167
243
1
7
187
275
8
98
-
179
17
603
2
17
231
280
238
8
45
186
217
9
170
501
151
212
157
287
7
32
181
234
5
136
500
128
263
227
238
8
2
116
307
21
91
901
J 12/31/67
V 3/31/68
1,196
500
801 y
3/13/67
138
277
_
2,673
1
98
159
134
223
5
25
255
366
8
127
130
193
167
315
7
7
189
244
7
143
500
124
233
229
317
1
4
143
276
3
70
500
162
335
_
-
146
324
1
9
7
87
2,000
1,994
2
2
184
246
*
_
500
96
277
225
232
21
28
152
332
6
132
501
188
263
216
337
1
6
87
270
9
122
500
136
251
290
369
6
24
52
217
16
139
100
2,901
1,500
1
1
-
5
4
2,707 2/
500
500
2,003
2,001
1,506 2/
3,006
(Continued on following page)
33
1
5
March 1968
43
PUBLIC DEBT O PERATIO N S
Table
7. - A l l o t m e n t s b y I n v e s t o r C l a s s e s
Part
B.
on
- T r e a s u r y Bills O t h e r t h a n
S u b s c r i p t i o n s for P u b l i c
Regular
Weekly
Series
Marketable
Securities
- (Continued)
(in millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
9-month
series
1/
Tax antici
pation
series
(percent)
501
10/31/67
f 7/31/68
[10/31/68
5.313
5.301
1,002
11/30/67
f 8/31/68
<11/30/68
5.4-22
5.4-31
1,000
“
1O /OT //I
12/31/67
f 9/30/68
( 12/31/68
5.555
5.544
1,000
500
500
2,528 2/
1/15/68
6/ 24./68
5.058
1/31/63
fl0/3l/68
^ 1/31/69
5.254
5.267
1,000
2/29/68
f 11/30/68
< 2/28/69
5.240
5.281
1,002
Source:
Based on subscription and allotment reports.
offerings see Table 4.
1/ Reopening of one-year series.
Tj Exclusive of banks and insurance companies.
Other
series
U. S. Gov
ernment
investment
accounts
and
Federal
Reserve
Banks
Commer
cial
banks
Dealers
and
brokers
All
other
133
234
156
287
3
2
203
374
6
105
96
256
175
305
185
320
209
324
89
230
20
100
195
296
#
15
12
47
-
2,521
1
-
6
%
5
221
340
5
79r
16
11
117
317
6
78
500
166
292
108
284r
500
156
258
205
338
For detail of
Corpo
rations
2/
19
107
j/ Reopening of earlier issue.
Lj Offering consists of a "strip" of additional $4-00 million each of
bills maturing March 31, April 30, and May 31, 1967.
* Less than $500,000.
r
Revised.
44
Treasury Bulletin
PUBLIC DEBT O PERATIO N S
Table 8. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Results of ex
change offers
Ex
changed
Description of new
securities offered
(See also Table 4)
Turned
in for
cash 2/
(in millions of dollars)
7/31/65
3.644$ Bill
7/31/65
8/4/64
1,000
8/13/65
3-7/8$ Note
8/13/65-D
2/15/64
7,268
1,000 3/
7,268
5,151
1,884
233
8/31/65
3.688$ Bill
8/31/65
8/31/64
1,000
1,000 3/
9/30/65
3.773$ Bill
9/30/65
9/30/64
1,001
1,001 3/
10/1/65
1-1/2$ Note
10/1/65-E0
10/1/60
315
10/31/65
3.190% Bill
-
10/31/65
10/31/64
1,000
11/15/65
3-1/2$ Note
4$
Note
-
11/15/65-B
11/15/65-E
11/15/62
5/15/64
1,617
8,099
1,617
8,099
200
6,423
1,417
1,676
9,716
9,716 5/
6,623
3,093 6/
Total.............................
Note
Bond
2/15/67-C
2/15/69 U
315
1,000 3/
4-1/4$ Note
5/15/67-D
11/30/65
4.068$ Bill
-
11/30/65
11/30/64
1,001
1,001 3/
12/31/65
3.972$ Bill
-
12/31/65
12/31/64
1.003
1,003 3/
1/31/66
3.945$ Bill
1/31/66
1/31/65
1,000
1,000 3/
3-5/8$ Note
2/15/66-B
5/15/62
2,195
2,195
238
4-7/8% Note
Note
5%
8/15/67-E
11/15/70-A
3-7/8% Note
2/15/66-C
8/15/64
2,597
2,597
121
4-7/8% Note
Note
.5$
8/15/67-E
11/15/70-A
1-1/2$ Note
4/1/66-EA
4/1/61
675
675
151
4-7/8% Note
Note
5$
8/15/67-E
11/15/70-A
5,467
5,467
4,957
510
2,117
2,840
of 4-7/8% Note
Note
of 5%
1,230
5$
Note
2,117
7,675
of 4-7/8% Note
of
T o t a l .............................
2/15/66 <
4$
Note
-
5/15/66-D
11/15/64
9,519
9,519
3-3/4$ Bond
-
5/15/66
11/15/60
1,688
1,688
657
4$
Note
-
8/15/66-A
'2/15/62
11,060
11,060
2,625
3$
Bond
-
8/15/66
2/28/58
1,024
1,024
324
Total.............................
23,291
23,291
4,836
Grand t o tal......................
28,758
28,758
9,793
510
803
2/28/66
4.062% Bill
-
2/28/66
2/28/65
1,001
1,001 2/
3/22/66
3.783$ Bill
-
3/22/66
10/11/65
3,009
3,009 7/
3/31/66
3.987% Bill
-
3/31/66
3/31/65
1,000
1.000 2 /
4/1/66
1-1/2% Note
-
4/1/66-EA
4/1/61
151
4/ 30/66
3.996% Bill
-
4/31/66
4/30/65
1,001
Note
-
5/15/66-D
11/15/64
8,289
8,289
7,485
5/15/66
3-3/4$ Bond
-
5/15/66
11/15/60
1,028
1,028
650
380
9,316
9,316
8,135
1,181
.Total.............................
11/15/70-A
151
1.001 3/
4-7/8% Note
11/15/67-F
5/31/66
3.954% Bill
-
5/31/66
5/31/65
1,001
1,001 3/
6/22/66
3.941% Bill
4.075% Bill
4.281% Bill
-
6/22/66
6/22/66
6/22/66
10/11/65
10/11/65
10/11/65
1.003
2,513
1,007
1 ,003!
2 ,513 )7 /
6/30/66
3.807% Bill
-
6/30/66
6/30/65
1,001
1,001 3/
7/31/66
3.875% Bill
7/31/66
7/31/65
1,000
1,000 3/
Note
8/15/66-A
2/15/62
8,436
8,436
5,628
2,307
501
15-1/4% Cert.
I 5-1/4% Note
-
8/15/67-A
5/15/71-A
Bond
8/15/66
2/28/58
700
700
291
271
138
|5-1/4% Cert.
5-1/4% Note
-
8/15/67-A
5/15/71-A
9,136
9,136
8,497
639
f 5,919
2,578
517
Total .............................
8/15/66 <
l,007j
-
11/15/66-A
1/19/66
1,652
1,652
Note
-
11/15/66-E
2/15/65
2,254
2,254
584
3-3/8% Bond
-
11/15/66
3/15/61
1,851
1,851
586
4-3/4% Cert.
T o t al .............................
Grand total......................
Footnotes at end of table.
5,757 '
14,893
5,757
1,687
14,893
10,184
(Continued on following page)
of 5-1/4% Cert.
of 5-1/4% Note
5-1/4% Note
639
1 5,919
1 4,265
5/15/71-A
of 5-1/4% Cert.
of 5-1/4% Note
March
1968
45
__________ _PUBLIC DEBT O PE R A TIO N S_____________
Table 8. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Results of ex
change offers
Ex
changed
Description of new
securities offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
8/31/66
4.006% Bill
8/31/66
8/31/65
1.,000
1.000 2 /
9/30/66
4.236% Bill
9/30/66
9/30/65
1,,000
1.000 8/
10/1/66
1-1/2% Note
10/1/66-E0
10/1/61
357
10/31/66
4.192% Bill
10/31/66
10/31/65
1,,000
3-3/8% Bond
11/15/66
3/15/61
1.,264
1,264
279
19
5-5/8% Note
5-3/8% Note
11/15/66-E
2/15/65
1.,672
1,672
609
28
5-5/8% Note
5-3/8% Note
11/15/66-A
1/19/66
1,,135
1,135
44
19
5-5/8% Note
5-3/8% Note
4:,071
4,071 9/
4%
Note
357
1,000 8/
11/15/66
4-3/4% Cert.
Total.............................
11/30/66
4.277% Bill
11/30/66
11/30/65
1.,001
12/31/66
4.731% Bill
12/31/66
12/31/65
1/31/67
4.699% Bill
1/31/67
1/31/66
3-5/8% Note
2/15/67-B
3/15/63
2,,358
2,358
Note
2/15/67-C
8/13/65
5:,151
7.,508
2/15/67
1,001
8/
1,,001
1,001
8/
1,,001
1,001
8/
3,072 10/
3,240
174
1,737
4-3/4% Note
4-3/4% Note
-
5/15/68-B
2/15/72-A
7,508 11/
3,864
3,644 12/
3,636
228
2/28/66
1,,000
1,000 8/
3/22/67
8/26/66
2,,006
2,006 7/
3/31/67
4.739% Bill
3/31/67
3/31/66
1,,000
1,000 8/
4/1/67
1-1/2% Note
4/1/67-EA
4/1/62
270
4/21/67
5.433% Bill
5.483% Bill
4/21/67
4/21/67
8/26/66
8/ 26/66
1.,003
1.,507
1,003l
1,507] U
4/30/67
4.773% Bill
4/30/67
4/30/66
1.,001
1,001
4-1/4% Note
5/15/67-D
11/15/65
9.,748
9.,748
5,804
3,506
2-1/2% Bond................6/15/67
5/5/42
1.,429
1.,429
640
446
11.,177
H ;,177
10,396
8/ 15 /66
5;,919
5.,919
308
8/15/67-A
9/15/62
2;,929
2.,929
837
4-7/8% Note
8/15/67-E
2/15/66
2-,117
,117
213
,966
1,358
5/31/66
1.,001
6/15/67
2-1/2% Bond
6/15/67
5/5/42
344
5.586% Bill
6/22/67
10/18/66
2,007
5.245% Bill
6/22/67
10/18/66
801
6/22/67
10/18/66
2,707
4.295% Bill
Footnotes at end of table.
-
1
0
1^
IM
(Continued on following page)
1— 1
5/31/67
cv
8/15/67-A
4.966% Bill
6/22/67
8/
5-1/4% Cert.
5/31/67
of 4-3/4% Note-B
of 4-3/4% Note-A
270
3-3/4% Note
22.,143
of 5-5/8% Note
of 5-3/8% Note
5,151
2/28/67
Grand total......................
2/15/68-A
11/15/71-B
5/15/68-B
2/15/72-A
5.338% Bill
10.,966
-
-
4.845% Bill
Total.............................
_
2/15/68-A
11/15/71-B
4-3/4% Note
4-3/4% Note
3/22/67
5/15/67/
-
1,907
2/28/67
Total
_
2/15/68-A
11/15/71-B
396
54
I
T otal.............................
932
66
-
11,753
438
438
[4-1/4% Note
4-3/4% Note
-
8/15/68-C
5/15/72-B
f4-l/4% Note
14-3/4% Note
-
8/15/68-C
5/15/72-B
16,444
I3,952
of 4-1/4-% Note
of 4-3/4% Note
)4-3/4% Note
438
6,444
5,310
of 4-1/4% Note
of 4-3/4% Note
5/15/72-B
Treasury Bulletin
46
.PUBLIC DEBT OPERATION S.
Table 8. - Disposition o f Public Marketable Securities
Other than Regular Weekly Bills - (Continued)
Disposition offers
by Treasury
Galled or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
Exchange
security
offered
Cash
retire
ment
Results of ex
change offers
Ex
changed
Turned
in for
cash 2/
Description of new
securities offered
(See also Table 4)
(in millions of dollars)
6/30/67
I 4.697% Bill
< 5.808% Bill
6/30/67
6/30/67
6/30/66
6/30/66
1,001
500
7/31/67
14.964% Bill
|5.567% Bill
7/31/67
7/31/67
7/31/66
7/31/66
995
500
8/31/67
9/30/67
10/1/67
10/31/67
" A 8/
500 ' 2/
8/15/67-A
8/15/66
5,610
5,610
4,621
989
8/15/67-A
9/15/62
2,,094
2,094
420
1,674
8/15/67-E
2/15/66
1.,904
1,904
1,322
582
9,608 12/
6,363
8/31/67
8/31/67
8/31/66
8/31/66
1.,000
501
1,000
501Jis/
15.806% Bill
t 4.920% Bill
9/30/67
9/30/67
9/30/66
9/30/66
900
900^1
le500j r
5-1/4% Cert.
8/15/67
l,00l]
500j -
{
(
3-3/4% Note
4-7/8% Note
5.844% Bill
Total.......
5.552% Bill
9;,608
500
1-1/2% Note
lO/l/67-EO
10/1/62
457
457
/5.544% Bill
14.656% Bill
10/31/67
10/31/67
10/31/66
10/31/66
905
501
905)
501!
r4-7/8% Note
11/15/67-F
5/15/66
8 ,135
8,135
l,101p
5/8% Note
•3/4% Note
2/15/69-A
11/15/74-A
3-5/8% Bond
11/15/67
3/15/61
2;,019
2,019
I
l,326p
5-5/8% Note
5-3/4% Note
2/15/69-A
11/15/74-A
2,427p 1^/,
7,581p of 5-5/8% Note
145p of 5-3/4% Note
T o tal.......
10 ,154
10,154 11/
7,726p
11/30/67
[5.519% Bill
U . 7 1 8 % Bill
11/30/67
11/30/67
11/30/66
11/30/66
900
500
900 \ 8/
500
12/31/67
4-820% Bill
4-077% Bill
12/31/67
12/31/67
12/31/66
12/31/66
901
500
901 U/I
500^
1/31/68
J 4-577% Bill
\3.843% Bill
1/31/68
1/31/68
1/31/67
1/31/67
901
500
901
500 w
5-5/8% Note
2/15/68-A
11/15/66
2;,635
2,635
2,171p
8/15/68-C
8/15/68
11/15/68-D
11/15/68
5/15/67
4/18/62
8/15/67
9/15/63
6,,444
3,,747
9,,913
1.,591
6,444
3,747
9,913
1,591
507p
1,lC7p
930p
434p
(Total.......
21,,695
21,695
2,978p
Grand total.
24;,331
24,331
5,149p
2/29/68
11/15/68-D
3,245 u /
11/15/67
2/15/68 ^
5-1/4% Note
C 4- 1/ 4%
3-3/4%
✓5-1/4%
| 3-7/8%
Note
Bond
Note
Bond
A . 696% Bill
|^3.945% Bill
Footnotes on following page.
2/29/68
2/29/68
2/28/67
2/28/67
901
500
►8/
464p
2/15/75-A
464p
March 1 9 68
47
PUBLIC DEBT OPERATIONS,
Footnotes
Source: Daily Treasury statement; Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2/ Rolled over into a one-year bill (see Table 4).
lj Reopening of an earlier issue.
jj/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment
or exchange, in whole or in part, for the $9,700 million offering of
4-1/4.% notes. For detail of offering see Table 4 .
6/ Excess of maturing 3-1/2% notes and 4% notes over allotments of new
securities paid for with those notes (see Table 4, footnotes 10 and 11).
7/ Tax anticipation issue; for detail of offerings beginning 1966, see
Table 4j for amounts redeemed for taxes and for cash see "Note" below.
8/ Rolled over into 9-month and one-year bills under new program
beginning September 30, 1966 (see Table 4).
9/ Holders of maturing bonds, notes and certificates were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
5-5/8% notes offered in, the amount of about $ 2,500 million or the
5-3/8% notes offered in the amount of about $1,600 million. For detail
of offering see Table 4*
10/ Excess of maturing 3-3/8% bonds, 4% notes and 4-3/4% certificates over
allotments of new securities paid for with those bonds, notes, and
certificates (see Table 4, footnotes 16 and 17).
11/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in pay
ment or exchange, in whole or in part, for the 4-3/4% notes of Series
B-1968 offered in the amount of about $5,500 million or the 4-3/4%
notes of Series A-1972 offered in the amount of about $2,000 million.
For detail of offering see Table 4*
12/ Excess of maturing 3-5/8% notes and 4% notes over allotments of new
securities paid for with those notes (see Table 4, footnotes 20 and 21).
13/ Holders of the maturing certificates and notes were not offered preemp
tive rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 5- 1/ 4% notes
to
Table
14/
15/
16/
p
8
offered in the amount of $9.6 billion. For detail of offering see
Table 4 .
Excess of maturing securities over allotments of new notes paid for
with the maturing securities (see Table 4, footnotes 23 and 24).
Holders of the maturing notes and bonds were not offered pre
emptive rights to exchange their holdings, but were permitted
to present them in payment or exchange, in whole or in part,
for the 5-5/8% notes offered in the amount of $10,700 million
or the 5-3/4% notes offered in the amount of $1,500 million. For
detail of offering see Table 4*
Excess of maturing securities over allotments of new notes paid
for with the maturing securities (see Table 4, footnotes 26 and 27).
Preliminary.
Note:
Information on retirement of tax anticipation issues referred to
in footnote 7, in million of dollars:
T)a+L/tpJ LfJ'JlL'.P
JUd
retirement
3/ 22/66
6/ 22/66
6/ 22/66
6/22/66
3/22/67
4/21/67
4/21/67
6/22/67
6/22/67
6/22/67
Securities
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Bill
Total
amount
retired
Redeemed
for
taxes
3,009
1,003
2,513
1,007
2,006
1,003
1,507
2,007
801
2,707
2,157
852
> 2,525
J
1,124
1,997
j
790
1,720
2,061
3,453
s
I
Redeemed
for
cash
882
48
Treasury Bulletin
PUBLIC DEBT OPERATION S
T a b l e 9. - F o r e i g n
Issued
Series
Securities
to Official I n s t i t u t i o n s
(Nonmarketable)
of Foreign
Countries
(Payable in U. S. Dollars)
Month of
activity
Issue
date
Securities
Maturity
date
Interest
rate
Amount
Issued
(Percent)
f
4/1/65
6/ 8/ 65
7/1/65
9/8/65
3.95
3.80
Notes
f
|
4/6/64
7/6/65
7/6/ 65
10/6/66
4.03
3.97
f
5/25/65
4/12/65
6/22/65
6/30/65
7/22/65
7/30/65
6/30/65
5/18/65
8/25/65
7/12/65
9/22/65
9/30/65
9/30/65
11/1/65
10/29/65
8/18/65
3.90
3.75
3.75
2.00
2.00
2.00
3.75
3.90
6/30/65
7/22/65
7/30/65
8/10/65
8/11/65
8/24/65
8/25/65
8/27/65
8/27/65
8/30/65
9/30/65
9/30/65
10/29/65
11/10/65
11/12/65
11/24/65
11/26/65
11 / 26/65
11/26/65
11/26/65
2.00
2.00
2.00
3.75
3.85
3.75
3.85
3.85
3.85
3.85
40
25
10
40
150
2
58
8/27/65
6/30/65
9/30/65
11/26/65
9/30/65
12/30/65
3.85
3.784
3.983
325
7/12/63
10/12/65
10/12/65
1/12/68
3.63
4.26
25
8/24/65
11/24/65
3.75
-
Certificates of indebtedness
-
'
August..
Certificates of indebtedness
^
S ept....
Certificates of indebtedness
Notes
O c t ....
Certificates of indebtedness
Bonds
Certificates of indebtedness
Notes
N o v ....
Certificates of indebtedness
f
D e c ....
Certificates of indebtedness
<
Notes
v Certificates of indebtedness
1966-Ja n....
Certificates of indebtedness
F e b ....
Certificates of indebtedness
[ Notes
I
M a r ....
Certificates of indebtedness
Notes
1
/
\
125
125
100
5
25
180
919
35
250
20
50
95
35
250
864
10
135
25
9/16/64
11/1/65
4.00
11/10/65
2/10/66
3.75
3.75
40
11/12/65
5/13/68
4.30
75
r 11/12/65
8/11/65
11/12/65
8/25/65
8/27/65
*
8/30/65
11/26/65
8/27/65
11/26/65
11/30/65
2/14/66
11/12/65
2/14/66
11/26/65
11/26/65
11/26/65
2/28/66
11/26/65
1/28/66
2/28/66
3.75
3.85
4.05
3.85
3.85
3.85
4.10
3.85
4.05
4.15
10
r 11/30/65
12/10/65
/ 11/10/65
I 6/22/65
L 12/22/65
2/26/66
1/4/66
2/10/66
12/22/65
6/22/66
4.15
4-35
3.75
3.875
4.375
12/23/65
6/23/70
4.66
f 11/12/65
{ 9/30/65
L 12/30/65
2/ 14/66
12/30/65
3/30/66
4-05
3.983
4-457
f 12/10/65
11/10/65
< 11/12/65
) 11/26/65
L 1/28/66
1/4/66
2/10/66
2/ 14/66
1/28/66
4/28/66
4.35
3.75
3.75
4.05
4.60
140
11/26/65
2/28/66
4.10
-
100
11/12/65
5/13/68
4.30
-
*
f 12/30/65
^ 3/30/65
3/30/66
6/30/66
4.457
4.555
3/31/66
12/31/68
4.86
30
.
1,044
|
1,034
>
10
f 8/10/65
\ 11/10/65
(Continued on following page)
Total outstanding
end of month
d n 1 millions of doll ar s)
N
100
18
Certificates of indebtedness
1965-July....
Retired
>
40
-
25
25
►
1,164
>
1,144
40
2
58
100
140
140
75
10
75
>
15
50
50
85
-
25
325
325
10
25
10
325
325
40
1
[
1,099
140
999
>
I
1
>
JI
1,039
March 1968
49
PUBLIC DEBT O PERATIO N S.
Table 9. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Amount
Month of
activity
Issue
date
Securities
Maturity
date
Interest
rate
Issued
May.
Certificates of indebtedness
f
[
J Notes
I Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
J u l y . ..
Certificates of indebtedness
Aug.
11/12/65
5/13/68
4.60
4.65
4.30
5/31/66
8/31/66
4.65
140
50
992
50
-
32$
-
5
6/30/66
4.555
5/13/68
4.30
r 6/17/66
6/20/66
12/22/65
6/22/66
6/30/66
? 6/17/66
6/20/66
4/29/66
5/31/66
6/30/66
7/20/66
7/21/66
7/22/66
7/22/66
9/16/66
9/16/66
6/22/66
12/22/66
9/30/66
9/16/66
9/16/66
7/29/66
8/31/66
9/30/66
10/20/66
10/21/66
10/21/66
10/21/66
4.575
4.575
4.375
4.50
4.45
4.575
4.575
4.65
4.65
4.45
5.00
5.00
5.00
5.00
'
11/2/66
11/1/66
11/2/66
10/21/66
11/7/66
11 / 16/66
10/20/66
11/30/66
4.75
4.82
4.85
5.00
4.85
4.75
5.00
5.10
22
95
100
9/2/66
8/1/66
12/2/66
11/2/66
11 / 16/66
5.10
4.75
4.75
5.00
5.10
5.50
5.50
5.47
3.97
4-30
100
8/ 16/66
5.00
5.45
8/1/66
8/1/66
8/2/66
7/22/66
8/8/66
8/ 16/66
7/20/66
^ 8/31/66
40
65
-
50
50
_
-
25
50
_
Certificates of indebtedness
f 7/22/66
■
j^10/21/66
10/21/66
1/23/67
9/16/64
11/1/66
4.125
S Certificates of indebtedness
f 9/28/66
) 9/2/66
\ 8/8/66
L 11/7/66
12/28/66
12/2/66
11/7/66
2/7/67
5.50
5.10
4.85
5.25
25
12/2/66
3/2/67
5.10
5.20
45
Oct.
r
Certificates of indebtedness
Notes
Dec.
Certificates of indebtedness
\ Certificates of indebtedness
f
9/2/66
12/2/66
11/12/65
5/13/68
4.30
12/19/66
12/21/66
6/22/66
12/22/66
J 12/23/66
12/27/66
9/29/66
12/29/66
10/21/66
w 9/30/66
3/20/67
3/21/67
12/22/66
6/22/67
3/23/67
3/28/67
12/29/66
3/29/67
1/23/67
12/ 30/66
5.05
4.85
4-50
4.95
4-85
4.75
5.50
4.75
5.45
5.47
" 12/2/66
12/19/66
12/21/66
< 12/23/66
10/21/66
12/27/66
11/7/66
3/2/67
3/20/67
3/21/67
3/23/67
1/23/67
3/28/67
2/7/67
5.20
5.05
4-85
4-85
5.45
4.75
5.25
(Continued on following page)
747
10
95
100
20
697
125
12
_
f 7/6/65
|^ll/l2/65
*
40
65
50
50
50
8
Notes
Certificates of indebtedness
817
50
125
10
20
30
10/21/66
11 / 30/66
12/28/66
12/29/66
12/ 30/66
10/6/66
5/13/68
Sept.
7/21/66
8/31/66
9/28/66
9/29/66
9/30/66
949
-
3/30/66
?
1967-Jan.
4/28/66
7/29/66
11/12/65
Notes
June...
1/28/66
4/29/66
Total outstanding
end of month
(In millions of dollars)
(Percent)
1966-A p r .
Retired
_
_
10
50
875
18
100
40
_
30
_
_
_
_
_
125
2
30
747
30
18
55
25
645
45
30
-
40
15
_
50
593
50
15
70
_
100
_
_
_
_
_
_
-
100
100
20
40
15
40
15
15
10
45
25
428
50
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table
Issued
to
9. - F o r e i g n S e r i e s
Official I n s t i t u t i o n s
Securities
(Nonmarketable)
of Foreign
Countries
- (Continued)
(Payable in U. S. Dollars)
Month of
activity
1967- F e b . .
Securities
Certificates of indebtedness
Issue
date
Maturity
date
12/27/66
3/28/67
Interest
rate
Amount
Issued
(Percent)
4.75
Total outstanding
end of month
Retired
(In. millions of doll a r s )
25
403
Mar..
Notes
11/12/65
5/13/68
4-30
Apr..
Notes
11/12/65
5/13/68
4-30
»
402
May..
Notes
11/12/65
5/13/68
4.30
3
399
(Notes
11/12/65
5/13/68
4.30
-
*
(12/22/66
J 6/22/67
] 6/28/67
v 6/30/67
6/22/67
12/22/67
9/27/67
9/29/67
4.95
3.85
3.50
3.50
_
50
100
125
50
_
_
-
11/12/65
5/13/68
4.30
-
*
^6/28/67
7/25/67
7/26/67
7/26/67
7/26/67
< 7/27/67
7/28/67
7/31/67
7/31/67
7/31/67
9/27/67
10/25/67
9/27/67
10/26/67
10/26/67
10/27/67
9/27/67
10/30/67
9/27/67
10/31/67
3.50
4.45
3.50
4.45
4-45
4.45
3.50
4-45
3.50
4.45
_
150
13
5
10
20
60
75
17
10
90
_
_
_
_
_
-
11/12/65
5/13/68
4.30
-
2
f6/28/67
7/26/67
7/28/67
8/2/67
8/2/67
7/31/67
6/30/67
8/7/67
8/8/67
7/25/67
8/14/67
7/31/67
8/15/67
<
8/17/67
8/17/67
8/18/67
8/23/67
8/25/67
8/25/67
8/28/67
8/29/67
8/31/67
8/31/67
8/31/67
8/31/67
il/12/65
\ 9/1/67
9/27/67
9/27/67
9/27/67
9/27/67
11/2/67
9/27/67
9/29/67
11/8/67
11/8/67
10/25/67
11/14/67
10/30/67
10/30/67
10/25/67
10/30/67
10/25/67
11/24/67
11/14/67
11/22/67
11/22/67
11/28/67
11/30/67
10/30/67
11/22/67
11/28/67
5/13/68
10/1/68
3.50
3.50
3.50
3.50
4.20
3.50
3.50
4.20
4.20
4-45
4.1875
4.45
4-45
4.45
4.45
4-45
4.35
4.1875
4.35
4-35
4-50
4-50
4.45
4-35
4-50
4.30
4.99
"8/14/67
8/25/67
8/25/67
8/28/67
8/29/67
8/31/67
8/31/67
8/31/67
< 8/31/67
9/1/67
9/5/67
9/6/67
9/14/67
9/15/67
9/15/67
9/15 '67
L9/19/67
11/14/67
11/14/67
11/22/67
11/22/67
11/28/67
10/30/67
11/22/67
11/28/67
11/30/67
10/30/67
12/5/67
12/6/67
12/14/67
11/22/67
11/28/67
11/30 767
12/19/67
4.1875
4.1875
4.35
4-35
4.50
4.45
4.35
4.50
4.50
4.45
4.35
4.35
4.40
4.35
4.50
4.50
4.50
June.
[Certificates of indebtedness
Notes
July.
Certificates of indebtedness
Notes
A u g . ..
Certificates of indebtedness
>
Notes
S ept..
Certificates of indebtedness
(Continued on following page)
1
1C
14
_
_
12
10
50
42
4
22
6
10
3
5
28
60
50
13
lr7
40
200
-
59
10
5
10
38
100
3
100
402
1
>
f
J
1
/
894
>
742
>
923
J
10
13
60
10
_
17
125
_
_
150
11
75
42
4
22
6
_
_
_
_
_
_
_
_
1
39
3
5
28
60
13
17
40
8
59
38
38
-
624
>
March 1968
51
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Series Securities (Nonmarketable)
Issued to O fficia l Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Issue
date
Maturity
date
Interest
rate
7/26/67
7/26/67
7/27/67
7/31/67
8/31/67
9/15/67
9/15/67
10/3/67
10/3/67
10/16/67
10/17/67
10/18/67
10/19/67
10/19/67
10/25/67
10/26/67
10/26/67
10/26/67
10/27/67
10/27/67
10/30/67
10/31/67
10/26/67
10/26/67
10/27/67
10/31/67
11/30/67
11/28/67
11/30/67
11/28/67
1/3/68
1/16/68
1/17/68
1/18/68
11/28/67
11/30/67
1/25/68
1/26/68
1/26/68
1/26/68
1/16/68
1/26/68
1 / 30/68
1/31/68
(Percent)
4-45
4-45
4.45
4.45
4.50
4.50
4.50
4.50
4.55
4.60
4.70
4.70
4-50
4.50
4.60
4.60
4.60
4.60
4.70
4.60
4.60
4.55
Bonds
Notes
9/16/64
11/12/65
11/1/67
5/13/68
4.25
4.30
Certificates of indebtedness
8/2/67
8/7/67
8/8/67
8/23/67
9/15/67
10/19/67
10/19/67
10/26/67
10/27/67
11/2/67
11/2/67
11/8/67
11/9/67
11/13/67
11/13/67
11/13/67
11/14/67
11/14/67
11/14/67
11/17/67
11/17/67
11/17/67
11/21/67
11/22/67
11/22/67
11/22/67
11/24/67
11/27/67
11/27/67
11/27/67
11/27/67
11/28/67
11/28/67
11/28/67
11/29/67
11/29/67
11/29/67
11/29/67
11/29/67
11/29/67
11/29/67
11/30/67
11/30/67
11/30/67
11/2/67
11/8/67
11/8/67
11/24/67
11/30/67
11/28/67
11/30/67
1/26/68
1/16/68
2/2/68
2/2/68
2/8/68
2/9/68
2/ 13/68
2/13/68
1/ 26/68
1/16/68
1/26/68
2/7/68
1/16/68
1/15/68
11/30/67
1/22/68
1/22/68
2/21/68
2/20/68
2/20/68
2/20/68
2/7/68
1/16/68
1/15/68
1/15/68
11/30/67
2/28/68
11/30/67
12/29/67
1/ 24/68
1/29/68
1/29/68
2/21/68
2/29/68
12/29/67
2/29/68
2/29/68
4-20
4.20
4.20
4-35
4.50
4.50
4.50
4.60
4.70
4.55
4.55
4.70
4.70
4.70
4.70
4.60
4.70
4.60
4.70
4.70
4.60
4.50
4-60
4.58
4.85
5.00
5.00
5.00
4.70
4.70
4.60
4.60
4.50
4.95
4.50
4.65
4.60
4.60
4.45
5.00
4-95
4.65
4.95
4.95
Month of
activity
1967-0c t —
Securities
Certificates of indebtedness
Nov . ..
(Continued on following page)
Amount
Issued
-
15
5
12
100
10
100
43
25
5
10
97
14
20
40
10
_
_
_
_
_
_
_
_
100
14
22
10
25
8
32
53
15
50
56
50
3
6
57
63
32
9
459
50
100
19
31
6
10
44
21
150
75
40
50
50
4
50
200
Total outstanding
end of month
Retired
(In millions of dollars)
5
10
20
10
42
62
1
15
-
V
-
1)
39
-
>
30
1
\
14
12
10
10
7
61
43
97
14
_
_
_
_
_
_
2
53
_
50
56
50
3
6
34
> 2,587
_
_
_
_
_
_
_
6
_
44
_
_
_
_
_
_
_
J
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS.
Table 9. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Amount
Month of
activity
1967-Dec.
Securities
Certificates of indebtedness
rNotes
1968-Jan.
Certificates of indebtedness
Issue
date
Maturity
date
Interest
rate
f 6/22/67
9/5/67
9/6/67
9/14/67
9/19/67
10/26/67
11/13/67
11/14/67
11/22/67
11/24/67
11/27/67
11/27/67
11/27/67
11/27/67
11/28/67
11/29/67
11/29/67
11/29/67
11/29/67
11/30/67
11/30/67
12/1/67
12/4/67
12/5/67
12/6/67
12/14/67
12/14/67
12/15/67
12/15/67
12/18/67
12/18/67
12/18/67
12/19/67
12/19/67
12/20/67
12/21/67
12/21/67
12/22/67
12/22/67
12/26/67
12/26/67
\l2/27/67
12/22/67
12/5/67
12/6/67
12/14/67
12/19/67
1/26/68
1/26/68
1/ 26/68
2/20/68
2/20/68
1/15/68
1/16/68
2/7/68
2/20/68
1/15/68
12/29/67
1/24/68
1/29/68
2/21/68
12/29/67
2/29/68
3/1/68
3/4/68
3/5/68
3/6/ 68
2/20/68
3/14/68
2/20/68
2/29/68
1/16/68
2/7/68
2/29/68
1/16/68
3/20/68
1/16/68
1/15/68
1/16/68
1/15/68
6/ 24/68
1/15/68
3/26/68
3/27/68
(Percent)
3.85
4-35
4.35
4.40
4.50
4.60
4.60
4.60
5.00
5.00
4.60
4.70
4.70
5.00
4.60
4-65
4.60
4.60
5.00
4.65
4.95
4-95
4.95
5.00
5.00
5.00
4.95
5.00
4.95
4.70
4.70
4-95
4.70
5.15
4.70
4.60
4.70
4.60
5.65
4.60
5.00
5.00
[]10/12/65
J 11/12/65
1 9/1/67
1/12/68
1/12/68
5/13/68
10/1/68
4/13/70
4.26
4.30
4.99
5.42
f 10/3/67
10/16/67
10/17/67
10/18/67
10/25/67
10/26/67
10/26/67
10/27/67
10/30/67
10/31/67
11/22/67
11/22/67
11/27/67
11/29/67
11/29/67
12/14/67
1/2/68
1/3/68
1/3/68
1/3/68
1/4/68
1/5/68
1/10/68
1/11/68
1/12/68
1/16/68
1/16/68
1/17/68
1/17/68
1/18/68
1/19/68
1/22/68
1/25/68
1/3/68
1/16/68
1/17/68
1/18/68
1/25/68
1/26/68
1/26/68
1/26/68
1/30/68
1/31/68
2/21/68
1/22/68
2/20/68
2/29/68
1/29/68
2/20/68
2/20/68
4/3/68
2/20/68
3/29/68
4/4/68
3/29/68
2/20/68
2/20/68
2/20/68
4/16/68
4/16/68
4/17/68
4/16/68
4/18/68
4/16/68
4/16/68
4/25/68
4.55
4.60
4.70
4.70
4.60
4. 60
4.60
4.60
4.60
4.55
4-85
4.58
5.00
4-95
4-45
5.00
5.00
5.10
5.00
5.00
5.10
5.00
5.00
5.00
5.00
5.10
5.10
5.10
5.10
5.10
5.10
5.10
5.10
(Continued on following page)
Total outstanding
end of month
Issued
63
186
10
5
60
10
54
33
33
50
17
44
100
16
6
7
40
50
4
54
20
(In millions of dol! .ars)
50
A
10
5
10
100
*
30
15
32
9
19
100
50
141
31
21
150
75
50
4
50
> 1,944
63
186
33
33
50
17
44
16
6
7
40
4
54
25
4
200
25
5
12
100
10
25
10
5
20
40
10
16
23
318
50
40
12
61
5
7
72
15
16
42
26
9
12
31
100
27
10
5
23
25
72
16
K > 852
March
1968
_________________________________________ PUBLIC DEBT O P E R A TIO N S____________________
Table
Issued
9. - F o r e i g n
to O f f i c i a l
Series
Institutions
of
Securities
Foreign
(Non m a r k e t a b l e )
Countries
- (Continued)
(Payable in U.S. Dollars)
Amount
Month of
activity
1968-Jan....
Securities
Certificates of indebtedness
Notes
F e b .... ^ Certificates of indebtedness
V.
Source: Daily Treasury statement.
*
Less than $500,000.
Issue
date
Maturity
date
Interest
rate
(Percent)
5.10
4-85
5.10
5.10
5.00
4-85
Issued
Retired
Total outstanding
end of month
(I n millions of dol lars)
I 1/29/68
1/ 30/68
J 1/30/68
\ 1/31/68
1/31/68
^ 1/31/68
4/16/68
4/29/68
4/16/68
4/16/68
2/20/68
4/30/68
11/12/65
5/13/68
4.30
5
f Ll/2/67
11/2/67
11/8/67
11/9/67
11/13/67
11/13/67
11/22/67
11/28/67
11/30/67
12/14/67
12/15/67
12/19/67
1/2/68
1/3/68
1/10/68
1/11/68
1/12/68
1/31/68
2/1/68
2/2/68
2/2/68
2/2/68
2/5/68
2/7/68
2/8/68
2/8/68
2/9/68
2/13/68
2/13/68
2/ 14/68
2/19/68
2/20/68
2/23/68
2/26/68
2/27/68
2/28/68
2/28/68
2/29/68
2/29/68
^2/29/68
2/2/68
2/2/68
2/8/68
2/9/68
2/13/68
2/13/68
2/21/68
2/28/68
2/29/68
2/20/68
2/20/68
3/20/68
2/20/68
2/20/68
2/20/68
2/20/68
2/20/68
2/20/68
2/20/68
2/20/68
5/2/68
5/2/68
2/20/68
2/20/68
5/8/68
5/8/68
5/9/68
5/13/68
5/13/68
5/14/68
2/20/68
3/29/68
3/29/68
3/29/68
3/29/68
5/28/68
5/31/68
3/29/68
5/29/68
5/29/68
4-55
4.55
4.70
4.70
4.70
4.70
4.85
4.95
4-95
5.00
5.00
5.15
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
4.85
4-85
5.00
5.00
4-95
4.95
4.95
5.05
5.05
5.05
5.00
5.00
5.00
5.00
5.00
5.10
5.10
5.00
5.10
5.10
100
14
22
10
25
8
47
10
200
48
54
90
61
7
42
26
9
56
63
40
38
40
16
10
56
250
63
40
100
14
44
27
12
10
10
25
8
8
14
69
53
56
15
10
J
>
14
44
27
12
10
3
14
6
300
82
50
200
Information in this table covers transactions from July 1, 1965 through February 29, 1968.
J
1,995
54
Treasury Bulletin
PUBLIC DEBT OPERATION S
Table 10. - Foreign Currency Series Securities (Nonmarketable)
Issued to O fficial Institutions of Foreign Countries
Month of
activity
Securities
Payable
in —
Issue
date
Maturity
date
Amount
(Dollar equivalent)
Interest
rate
Issued
1965-July...
7/9/65
11/9/66
10/31/66
7/11/65
7/26/65
9/1/66
3.71
3.98
3.95
3.55
3.93
3.97
Italian lire
7/30/65
1/30/67
4.03
125
Swiss francs
5/25/64
8/25/65
8/25/65
11/25/66
3.37
3.95
69
German marks
8/28/63
8/28/65
8/28/65
10/3/66
3.66
4.07
r 8/4/64
J
9/7/65
\ 5/25/64
I 9/27/65
9/7/65
10/7/66
9/27/65
1/27/67
3.67
4.10
3.84
4.23
German marks
A u g ---
Sept...
Bonds
(
Bonds
[Bonds
■
j Certificates of indebtedness
^Bonds
Swiss francs
Swiss francs
German marks
7/1/64
1/14/66 \f
4/1/64 I
10/1/65
1/3/67
10/1/65
3.81
4.30
4.04
J Bonds
1 Certificates of indebtedness
German marks
German marks
4/1/64 I
1/14/66 1/
11/1/65
11/1/66
4.05
4.33
Bonds
Certificates* of indebtedness
Bonds
Certificates of indebtedness
German marks
German marks
Swiss francs
Swiss francs
4/1/64 !
1/14/66 1/
10/30/64 I
1/14/66 1/
12/1/65
12/1/66
12/31/65
1/13/67
4.06
4.38
3.87
4.85
1966- J a n . . . .
Bonds
Certificates of indebtedness
Bonds
Bonds
Certificates of indebtedness
German marks
German marks
Swiss francs
Swiss francs
Swiss francs
4/1/64
1/14/66
8/25/65
7/30/65
l/26/66
1/1/66
1/3/67
11/25/66
10/31/66
4/26/66
4.07
4.90
3.95
3.95
4.35
F e b ___
Bonds
Bonds
Certificates of indebtedness
German marks
Swiss francs
Swiss francs
7/1/64
9/4/64
2/ 4/66
2/1/66
2/4/66
2/3/67
3.83
3.87
4.84
Bonds
German marks
7/1/64
3/1/66
Bonds
German marks
Austrian
schillings
7/1/64
10/26/64
Certificates of indebtedness
Swiss francs
Swiss francs
Bonds
Certificates of indebtedness
Bonds
O c t . ...
No v ....
Dec....
Ma r . . . .
J une...
July...
Aug.
25
50
1.259
50
70
50
1.259
50
52
52
30
1.259
30
22
50
50
50
1,208
1,208
50
50
30
1,208
30
50
50
69
23
1,207
93
1,157
3.84
50
1,107
4/1/ 66
4/26/66
3.85
3.90
50
25
1/26/66
4/ 26/ 66
4/26/66
10/26/66
4.35
4.80
93
German marks
German marks
Swiss francs
7/24/64
5/2/66
11/16/64
5/2/ 66
5/2/67
5/ 16/ 66
3.77
4.87
3.92
Bonds
German marks
10/30/64
Bonds
Certificates of indebtedness
Bonds
Bonds
Swiss francs
1/1/65
7/1/66
11/16/64
4/20/65
4/ 26/ 66
7/ 26/66
6/1/66
7/1/66
3.90
3.99
6/30/67
7/1/66
7/20/66
10/26/66
1/26/67
4.99
3.93
4.02
4.80
5.00
2/15/65
8/1/66
2/23/65
8/1/66
8/1/67
8/23/66
4.04
5.20
4.09
50
8/23/66
8/23/67
5.60
25
7/26/65
9/1/66
3/3/65
9/1/66
9/1/67
3.97
5.75
4.11
50
Certificates of indebtedness
r
Bonds
Certificates of indebtedness
Bonds
Certificates of indebtedness
Sept..
28
23
50
23
Apr. . . .
May. . . .
28
3/9/65
7/9/65
7/30/65
7/11/63
4/24/64
7/26/65
Bonds
Total outstanding
end of month
(In millions of dollars)
(Percent)
Swiss francs
Retired
Bonds
Certificates of indebtedness
Bonds
Footnote at end of table.
Swiss francs
German marks
Swiss francs
Swiss francs
Swiss francs
German marks
German marks
Austrian
schillings
Austrian
schillings
German marks
German marks
Austrian
schillings
23
1,031
(Continued on following page)
93
50
50
1,007
23
50
957
25
25
50
23
93
884
93
50
25
884
50
25
859
March 1 968
55
PUBLIC DEBT OPERATIONS
Table
10 . - F o r e i g n C u r r e n c y
Series Securities
I s s u e d to Official I n s t i t u t i o n s
Month of
activity
Securities
Payable
in —
of Foreign
Issue
date
(Nonmarketable)
Countries - (Continued)
Maturity
date
Interest
rate
Amount
(Dollar equivalent)
Issued
(Percent)
1966-0c t ....
j Bonds
1 Certificates of indebtedness
\ Bonds
Certificates of indebtedness
N o v ....
10/3/66
10/3/67
10/7/66
10/6/67
4.07
5.60
4.10
5-54
1 / 14/66
/ Bonds
J Certificates of indebtedness
[Notes
/ German marks
^ German marks
Swiss francs
Swiss francs
Swiss francs
11/1/66
11/1/67
11/9/66
11/9/67
11/17/67
4-33
5.48
3.98
5.56
5.58
^Certificates of indebtedness
German marks
1/ 14/66
12/1/66
4.38
-
German marks
12/1/66
12/2/68
5.44
50
-
Certificates of indebtedness
j Swiss francs
l Swiss francs
1 / 14/66
2/4/66
1/13/67
2/3/67
4-85
4.84
-
30
23
Notes
J Swiss francs
j Swiss francs
V.
Austrian
schillings
12/9/66
12/9/66
12/11/67
1/9/68
5.39
5.42
23
30
-
6/11/65
12/12/66
4.04
-
25
Austrian
schillings
12/12/66
6/12/68
5.47
25
-
German marks
German marks
Swiss francs
Swiss francs
1 / 14/66
1/3/67
1 / 14/66
1/3/67
1/3/67
11/1/68
1/3/67
4/3/68
4.90
4.87
4.30
4.93
22
f Swiss francs
\ Swiss francs
7/26/66
1/26/67
1/26/67
4/26/67
5.00
4.74
92
Swiss francs
Swiss francs
Italian lire
Italian lire
9/27/65
1/27/67
7/30/65
1/30/67
1/27/67
5/27/68
1/30/67
7/30/68
4.23
4.65
4.03
4.57
125
J Swiss francs
1 Swiss francs
1/26/67
4/26/67
4/26/67
7/26/67
4.74
4-00
130
German marks
German marks
Swiss francs
5/2/66
5/2/67
5/10/67
5/2/67
1/2/69
7/26/67
4.87
4.27
3.875
50
23
f Belgian francs
l Belgian francs
5/16/65
5/20/65
5/16/67
5/22/67
4.08
4.09
Swiss francs
Swiss francs
7/1/66
6/30/67
6/30/67
9/30/68
4.99
4-83
25
5.28
125
D e c ....
Bonds
Notes
V
^Certificates of indebtedness
Notes
Certificates of indebtedness
Notes
< Certificates of indebtedness
Bonds
Notes
Bonds
^Notes
A p r ....
M a y ....
Certificates of indebtedness
C Certificates of indebtedness
Notes
J Certificates of indebtedness
Bonds
June....
/ Certificates of indebtedness
\ Notes
f Notes
28
28
\
860
125
92
50
-
50
8/23/67
2/24/69
5.03
25
( Certificates of indebtedness
\ Notes
German marks
German marks
9/1/66
9/1/67
9/1/67
3/3/69
5.75
5.09
50
Certificates of indebtedness
German marks
J Swiss francs
\ Swiss francs
Swiss francs
10/3/66
10/7/66
7/26/67
10/26/67
10/3/67
10/6/67
10/26/67
1/26/68
Notes
I German marks
/ German marks
| Swiss francs
10/2/67
10/3/67
10/6/67
German marks
<
897
J
>
|
20
10
25
5.20
4.94
5.60
890
J
J>
890
1
)
1,016
130
23
153
50
*>
l
25
50
5.60
5.54
4.1875
4 .60
152
4/3/72
4/1/69
1/6/69
5.39
5.14
5.25
125
50
52
11/1/66
11/1/67
5.48
_
11/16/66
11/1/67
11/17/67
11/24/67
11/17/67
5/2/69
2/17/69
11/24/69
5.58
5.45
5.60
5.58
50
28
60
(Continued on following page)
860
30
8/1/67
2/3/69
8/23/67
Swiss francs
J German marks
\ Swiss francs
Belgian francs
;
30
8/1/66
8/1/67
8/23/66
j Notes
1
I
859
>
93
German marks
German marks
Austrian
schillings
Austrian
schillings
N o v ....
|
22
5/10/67
7/26/67
j Certificates of indebtedness
]
50
50
1/3/72
<
28
28
50
7/26/67
7/26/67
10/26/67
f Certificates of indebtedness
Notes
/ Certificates of indebtedness
859
50
50
7/3/67
4.00
3.875
4.1875
1)
52
4/ 26/67
Notes
O c t ....
52
German marks
| Certificates of indebtedness
Sept....
11/1/66
7/9/65
11/9/66
11/16/66
50
f Swiss francs
( Swiss francs
L Swiss francs
July---
A u g ....
50
8/28/65
10/3/66
9/7/65
10/7/66
Notes
1967-J a n ....
(In millions of dollars)
German marks
German marks
Swiss francs
Swiss francs
j Certificates of indebtedness
Total outstanding
end of month
Retired
j
1,015
1,015
50
52
153
>
1,139
-
50
28
-J
>
I
)
1,200
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table
10. - F o r e i g n C u r r e n c y S e r i e s S e c u r i t i e s ( N o n m a r k e t a b l e )
I ssued to Official
Institutions of F o r e i g n C o u n t r i e s - ( C o n t i n u e d )
Amount
(Dollar equivalent)
Month of
activity
Securities
Interest
rate
Issue
date
Maturity
date
1Swiss francs
\Swiss francs
12/9/66
12/11/67
12/11/67
3/11/69
5.39
5.68
23
fSwiss francs
I Swiss francs
< Swiss francs
1 Netherland
L guilders
10/26/67
1/26/68
1/26/68
1/29/68
1/26/68
7/26/68
1/24/69
1/29/69
4.60
4-75
5.00
2.50
101
51
66
JSwiss francs
< Swiss francs
1 German marks
12/9/66
1/9/68
1/5/68
1/9/68
4/9/69
7/5/72
5.42
5.57
5 -46
Payable
in —
Issued
(Percent)
1967-Dec....
Notes
1968-Jan....
1 Notes
Retired
Total outstanding
end of month
(In millions of dollars)
23
J 1,200
152
> 1,390
30
30
125
-
Source: Daily Treasury statement. Information in this table covers transactions from July 1, 1965 through February 29, 1968.
1/ Issued in exchange for securities which carried maturities of more than one year at time of issue.
March 1968
57
UNITED STA TE S SAVINGS BONDS
30, 1952.
Series E and H are the only savings bonds currentlybeing sold.
Series J and K were sold from May 1, 1952, through
April 30, 1957.
Series E has been on sale since May 1, 1941,
Details of the principal changes in issues,
Series
interest yields, maturities, and other terms appear in the
A-D were sold from March 1, 1935, through April 30, 194-1.
Treasury Bulletins of April 1951, May 1952, May 1957, October
Series F and G were sold from May 1, 194-1, through April
and December 1959, and May and October 1961.
and Series H has been on sale since June 1, 1952.
Table
1. - S a l e s
and
Redemptions
by
Series,
C u m u lative
through
F e b r u a r y
29,
1968
(In millions of dollars)
Amount outstanding
Series
Sales
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Interestbearing debt
A-D 2 / ......................
E and H .....................
F and G .....................
J and K .....................
3,949
137,941
28,396
3,556
1,054
26,210
1,125
196
5,003
164,151
29,521
3,752
4,995
112,722
29,472
3,510
51,429
Total A - K ...........................
173,84.1
28,586
202,426
150,699
.. .»,,62?,. „
Series
Series
Series
Series
Matured
noninterestbearing debt
8
200
49
42
98
Footnotes at end of Table 4.
Table
2. - S a l e s
and
Redemptions
by
Periods,
All
Series C o m b i n e d
(in millions of dollars)
Amount outstanding
Redemptions 1/
Sales 1/
Accrued
discount
Fiscal years:
1935-58................
1959...................
1960...................
1961...................
1962...................
1963...................
1964...................
1965 ...................
196 6...................
1967...................
129,647
4,506
4,307
4,464
4,421
4,518
4,656
4,543
4,650
4,965
14,731
1,228
1,240
1,286
1,358
1,408
1,476
1,517
1,554
Calendar years:
1935-58................
1959...................
I960...................
1961...................
1962...................
1963...................
1964...................
1965...................
1966...................
1 9 6 7 ...................
Period
Sales plus
accrued
discount
Total
Matured
noninterestbearing debt
Sales
price 2/
Accrued
discount 2/
Interestbearing debt
7,112
SI 2
1,015
781
782
791
781
364
331
280
92,029
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
84,917
6,377
7,542
5,038
4,934
4,482
4,383
1,626
144,377
5,734
5,547
5,749
5,780
5,926
6,132
6,060
6,204
6,592
4,792
4,971
932
951
51,984
50,503
47,544
47,514
47,607
48,314
49,299
50,043
50,537
51,213
131,859
4,320
4,350
4,539
4,278
4,760
4,609
4,486
4,860
4,898
15,349
1,221
1,262
1,322
1,397
1,423
1,508
1,527
1,591
1,686
147,207
5,541
5,612
5,861
5,675
6,183
6,117
6,013
6,451
6,584
95,329
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
87,837
7,763
5,851
7,491
1,009
881
754
810
762
807
889
957
951
51,192
48,154
47,159
47,458
47,535
48,827
49,734
50,324
50,752
51,581
686
494
368
335
331
201
158
141
I 64
126
426
459
394
438
408
129
137
126
127
151
554
596
520
565
559
472
518
453
484
498
395
434
380
406
417
77
73
78
81
50,903
50,990
51,062
51,148
51,213
111
102
96
92
88
July............
A ugust..........
September.......
October.........
November........
December ........
411
392
349
404
373
352
I 64
135
142
135
132
154
575
527
491
538
506
506
468
466
391
399
384
374
363
391
76
77
71
69
67
75
51,323
51,376
51,413
51,510
51,588
51,581
86
84
82
80
79
126
1968-January.........
February........
459
423
163
138
622
560
632
529
515
438
118
91
51,589
51*629
107
98
4,488
4,842
4,792
4,259
4,445
4,552
5,043
4,842
858
240
211
157
139
110
95
88
Mo n t h s :
1967-February........
April...........
M a y .............
Footnotes at end of Table 4-
476
456
443
429
84
Treasury Bulletin
58
______________________________________U N ITED STATES SAVINGS BONDS._______________________________________
Table
3. - S a l e s
and
R e d e m p t i o n s
by
Periods , Series
E
through
K
(in millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Amount outstanding
Accrued
discount 3/
Interest-bearing
debt
Matured
noninterestbearing debt
Series E and H combined
Fiscal years:
194-1-5 B .................
1959....................
1960 ....................
1961....................
1962............ .......
1963....................
1964.....................
1965....................
1966....................
1967....................
93,747
4,506
4,307
4,464
4,421
4,518
4,656
4,543
4,650
4,965
12,591
1,174
1,194
1,254
1,331
1,386
1,458
1,502
1,542
1,619
106,338
5,680
5,501
5,717
5,753
5,904
6,114
6,045
6,192
6,584
64,196
5,107
5,502
4,627
4,603
4,500
4,736
4,987
5,305
5,449
58,914
4,310
4,616
3,906
3,873
3,759
3,982
4,154
4,408
4,536
5,281
797
886
721
731
742
754
833
897
913
42,142
42,716
42,715
43,806
44,955
46,359
47,737
48,795
49,682
50,817
Calendar years:
194-1-58.................
1959....................
I960....................
1961....................
1962....................
1963....................
1964 ...............................
1965....................
196 6....................
196 7....................
95,959
4,320
4,350
4,539
4,278
4,760
4,609
4,486
4,860
4,898
13,183
1,169
1,224
1,293
1,372
1,404
1,491
1,514
1,580
1,680
109,141
5,489
5,574
5,832
5,650
6,164
6,101
6,000
6,440
6,578
66,552
5,519
4,996
4,484
4,636
4,557
4,841
5,117
5,477
5,439
60,920
4,636
4,202
3,781
3,882
3,823
4,061
4,254
4,561
4,519
5,632
42,589
42,559
43,137
44,485
45,499
47,106
1967-F ebruary.........
M a r c h............
A pril............
M a y ...............
June..............
426
459
394
438
408
128
136
126
127
151
554
595
519
565
559
437
479
421
452
467
363
399
351
377
390
74
81
70
75
78
50,399
50,514
50,613
50,725
50,817
July.............
August...........
September........
O ctober..........
November.........
D ecember.........
411
392
349
404
373
352
164
135
141
134
132
154
574
527
491
538
505
506
442
454
433
368
379
364
353
344
374
74
75
70
67
65
73
50,949
51,022
51,079
51.197
51,293
51,352
1968-January..........
February.........
459
423
163
137
621
560
602
487
414
115
88
51,371
51,429
333
384
434
784
74
128
59
51
49
27
24
35
38
9,842
7,787
4,829
3,709
2,652
1,955
1,563
1,248
856
397
813
125
86
50
55
28
27
26
40
32
8,603
5,594
4,022
2,973
2,036
1,721
1,368
1,075
540
229
883
794
703
754
733
780
863
916
919
_
_
_
_
_
48,366
49,249
50,212
51,352
Mo n t h s :
420
409
447
502
-
-
Series F, G, J, and K combined Lj
Fiscal years:
1941-58.................
195 9....................
I960....................
1 9 6 1 ....................
1 962....................
1963....................
1964....................
196 5....................
1966....................
1967....................
Calendar years:
1941 5 8 .................
1 959....................
I 9 6 0....................
196 1....................
196 2....................
1 963....................
196 4....................
1965....................
1966....................
1 967....................
31,951
*
*
-
-
-
31,951
*
*
-
-
32
27
22
18
15
12
8
33,036
54
46
32
27
22
18
15
12
8
22,863
2,137
3,049
1,188
1,110
771
426
358
418
472
1,112
52
38
29
25
19
16
14
10
6
33,063
52
38
29
25
19
16
14
10
6
23,805
3,246
1,732
1,108
963
323
522
353
22,992
3,122
1,646
1,058
909
434
383
297
481
322
1
1
1
-
1
1
1
-
35
39
32
31
30
32
36
29
29
27
3
3
3
3
3
505
475
449
423
397
102
94
88
84
80
1
-
26
22
23
23
20
19
23
20
21
20
18
17
2
2
2
2
2
2
374
354
334
313
295
229
78
76
74
72
71
118
-
30
27
27
2.4
3
3
217
200
100
91
1,085
54
46
5/
6/
7/
8/
9/
9/
1/
6/ 7/
7/ 8/
8/ 9/
462 9/
410
22,079
2,063
2,921
1,129
1,059
722
400
331
303
257
222
196
144
127
99
86
80
655
468
348
318
316
188
147
131
155
118
Mo n t h s :
19 67-February.........
M a r c h ........
A pril............
M a y ...............
June.............
July.............
August...........
September........
October..........
November.........
D ecember.........
1968-January..........
February.........
Footnotes at end of Table 4*
-
-
1
_
-
(Continued on following page)
March 1968
59
.UNITED STATES SAVINGS BONDS.
Table 3. - Sales and Redem ptions by P eriod s, Series E through K - (C on tinu ed )
(In millions of dollars)
Redemptions l/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount 2J
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Fiscal years:
19 4-1-53.................
1959....................
I96 0....................
1961....................
196 2....................
196 3....................
1964....................
196 5....................
1966....................
1967....................
89,046
3,688
3,603
3,689
3,674
3,914
4,136
4,112
4,246
4,599
12,591
1,174
1,194
1,254
1,331
1,386
1,458
1,502
1,542
1,619
101,637
4,862
4,797
4,943
5,005
5,300
5,594
5,614
5,787
6,217
63,570
4,889
5,181
4,394
4,343
4,203
4,363
4,538
4,801
4,895
58,288
4,092
4,295
3,673
3,613
3,461
3,609
3,705
3,904
3,982
5,281
797
886
721
731
742
754
833
897
913
201
188
219
191
206
188
212
216
Calendar y e a r s :
194-1-58.................
1959....................
I960....................
1961....................
1 962....................
1963....................
1 964....................
1965....................
196 6....................
1 96 7....................
90,853
3,598
3,632
3,711
3,624
4,185
4,132
4,092
4,450
4,574
13,183
1,169
1,224
1,293
1,372
1,404
1,491
1,514
1,580
1,680
104,035
4,767
4,856
5,003
4,996
5,589
5,623
5 ,606
6,031
6,255
65,829
5,225
4,729
4,249
4,349
4,229
4,425
4,650
4,913
4,941
60,197
4,342
3,935
3,546
3,595
3,495
3,787
3,997
4,022
5,632
883
794
703
754
733
780
863
916
919
278
212
199
208
198
190
224
207
38,206
37,748
37,597
38,140
38,587
39,740
40,739
41,504
42,398
43,504
19 67-F ebruary..........
M a r c h .............
April.............
M a y ...............
J une..............
394
427
409
382
128
136
126
127
151
522
563
492
535
533
395
431
381
414
430
321
351
311
338
352
74
81
70
75
78
18
20
16
17
17
42,562
42,674
42,769
42,873
42,959
J uly..............
August............
September.........
October...........
November......... .
December..........
384
367
328
379
354
333
I 64
135
141
134
132
154
547
400
486
414
393
381
370
406
326
339
323
314
305
333
74
75
70
67
65
73
19
18
15
14
14
14
43,087
43,156
43,217
43,335
43,437
43,504
1968-January...........
F ebruary.........
430
395
163
137
592
533
546
452
431
364
115
88
19
19
43,532
43,593
-
4,075
4,676
5,259
5,989
6,695
7,193
7,546
7,716
7,829
7,858
3,646
-
-
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
41,853
42,959
Mo n t h s :
366
501
469
513
486
Series H
Fiscal years:
1952-58.................
1959....................
I960....................
1961....................
1962....................
196 3....................
1964....................
196 5....................
1966....................
196 7....................
4,701
818
704
775
747
604
521
431
404
367
Calendar y e a r s :
1952 5 8 .................
1959 ....................
I960 ....................
1961 ....................
1962....................
1963....................
196 4....................
196 5....................
1 966....................
1 967....................
5,106
722
718
82 8
654
575
477
394
410
324
4,701
818
704
775
747
604
521
431
404
367
626
217
322
233
260
298
373
449
504
553
626
217
322
233
260
298
373
449
504
553
-
201
188
219
191
206
188
212
216
-
5,106
722
718
828
654
575
477
394
324
723
294
267
235
287
328
416
467
564
497
723
294
267
235
287
328
416
467
564
497
-
278
212
199
208
198
190
224
207
4,383
4,811
5,540
6,345
6,912
7,367
7,627
7,744
7,815
7,848
_
_
_
-
32
32
27
30
26
42
48
39
39
37
42
48
39
39
37
18
20
16
17
17
7,836
7,840
7,844
7,852
7,858
27
25
21
25
20
20
42
40
40
39
40
41
19
18
15
14
14
14
7,862
7,866
7,862
7,862
7,856
7,848
-
29
27
56
50
42
40
40
39
40
41
56
50
-
19
19
7,840
7,836
-
—
-
410
-
Months:
19 67-f ebruary..........
Ma r c h.............
April.............
M a y ...............
June..............
26
July..............
August............
September.........
October...........
November..........
December..........
27
25
21
25
20
20
1968-January...........
February..........
29
27
Footnotes at end of Table 4*
32
32
27
30
Treasury Bulletin
60
________________________________________ UNITED STATES SAVINGS BONDS________________________________________
Table
4. - R e d e m p t i o n s
of
M a t u r e d
and
U n m a t u r e d
Savings
B o n d s
(In millions of dollars)
Unmatured
Matured
Period
Total 1/
Total
Fiscal years:
1951-52...................
1953.......................
1954-......................
195 5......................
1956.......................
1957......................
1958......................
1959......................
I960......................
1 961......................
196 2......................
1963......................
1964-......................
1 965......................
1966......................
1967......................
Series E
and H
Series E
and H
Other
Unclassified
10/
Other
Total
9,616
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
3,351
7,562
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
2,875
2,812
2,948
3,165
3,196
3,273
2,054
904
874
619
682
1,526
1,544
543
1,356
283
196
139
140
118
104
79
116
185
75
-150
-210
-212
53
73
19
-121
172
99
8,940
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
6,913
2,882
2,464
2,976
2,920
3,322
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
2,026
917
593
689
979
1,886
750
1,075
825
201
175
125
131
111
107
44
-1
31
757
-595
120
266
22
-449
-239
-60
213
-52
-76
6
144
-7
20
*
179
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
1,610
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
740
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
869
6331/
1,260 £/
2,115
2,345
2,144
1,824
1,625
1,822 6/
940 7/
925 8/
657 9/
304
10,725
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
1,787
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2 >171
2,148
2,472
2,386
1,222
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
565
990^/
1,672
2,183
2,355
2,072
1,702
2,268 6/
1,089 6/7/
922 7/8/
730 8/9/
426 9/
282
216
391
345
1967-February............
M a r c h ................
April................
M a y ..................
June.................
472
518
453
484
498
142
355
221
182
181
101
322
181
148
154
42
33
41
33
27
186
426
257
269
270
180
421
253
264
268
5
5
5
4
2
144
-263
-26
34
46
July.................
August...............
September...........
October..............
November............
December............
468
476
456
443
429
466
200
170
237
114
203
199
176
147
223
106
183
159
24
23
14
9
21
40
313
256
390
189
316
279
310
252
387
188
314
276
2
3
3
1
2
3
-45
51
-170
139
-90
-12
632
529
173
250
156
218
18
32
280
256
254
278
2
3
203
-1
Calendar years:
1951-52...................
1 9 5 3 ......................
1954-......................
1955.......................
1 956.......................
1 957.......................
1958.......................
1 959.......................
1 9 6 0 .......................
1 9 6 1 .......................
1 962.......................
1963.......................
1964........................
1965.......................
1966......................
1967......................
1 1 ,24.6
246
280
412
-84
Months :
1968-January.............
February............
Source: Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note: In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value. Series G, H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (l)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and (2) Series F and J bonds for Series H bonds beginning
January I960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table 3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
ji/ Because there is a normal lag in classifying redemptions, the distribu
tion of redemptions between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
lj
5/
6/
7/
8/
9/
10/
*
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemptions. All periods shown have been
revised on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 194-1 F and G savings bonds for 3-1/4-%
marketable bonds of 1978-83Includes exchanges of Series 194-8 F and G bonds for 4--3/4•% marketable
notes of 1964..
Includes exchanges of Series 194-9 F and G bonds for 4% marketable
bonds of 1969.
Includes exchanges of Series 1950 F and G bonds for 3-7/8% marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8%
marketable bonds of 1971 and 4 % marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
March 1968
61
UNITED STATES SAVINGS NOTES
Sales of United States savings notes began May ], 1967.
The principal terms and conditions for purchase and
The notes are eligible for purchase by individuals with the
redemption and information on investment yields of the savings
simultaneous purchase of Series E savings bonds on payroll
notes appear on page IV of the March 1967 Bulletin or in
Treasury Department Circular, Public Debt series No. 3-67 dated
savings or bond-a-month plans.
February 22, 1967.
Table
1. —
Sales a n d
Redemptions
by Periods
(In millions of dollars)
Redemptions
Period
Sales
Accrued
discount
Sales plus
accrued
discount
Total
Fiscal vears:
1 9 6 7 ....................
1
-
1
*
Calendar years:
1 9 6 7 ....................
80
-
80
*
1967-May................
J u n e..............
#
1
%
1
Jul y..............
August............
September.........
October...........
November..........
5
9
12
19
17
17
_
_
Sales
price
Accrued
discount
Amount
outstanding
*
1
#
*
80
_
*
*
a
1
5
9
12
19
17
17
a
*
#
*
*
*
*
*
*
*
*
*
*
*
*
*
*
6
15
27
45
20
19
*
*
*
*
*
100
120
Months:
1968-January...........
February..........
M arch.............
Ap r i l.............
M a y ................
20
19
-
_
_
-
Source: Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
*
Less than $500,000.
*
63
80
Treasury Bulletin
62
_____________________________________ OWNERSHIP OF FEDERAL SECURITIES____________________________________
Table
1. - D i s t r i b u t i o n
of Federal Securities b y
Classes
of Investors a n d
Types
of Issues
(In millions of dollars)
I'nterest-bearing securities guar
anteed by the U.S. Government lj
Interest-bearing securities issued by the U.S. Government
End of
fiscal year
or month
Held by U.S. Government
investment accounts 2/
Total
Federal
securi
ties out
standing
1/
1959.............
1960.............
1961 .............
1962 .............
1963.............
1964.............
1965.............
196 6.............
1967.............
284,817
286,471
289,211
298,645
1966-December....
1967-February....
Total
out
standing
Total
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
54,554
55,259
56,002
Public
issues
Special
issues
9,799
44,756
44,899
45,043
44,939
44,801
46,627
48,650
10,360
Held by private
investors 2 /
Held by
Federal
Reserve
banks public
issues
Total
Public
market
able
issues
Public
non
market
able
issues
Total
out
standing
110
201,235
201,459
202,417
208,483
211,721
211,598
210,776
206,645
199,862
144,983
149,546
151,392
157,418
56,252
51,913
51,025
51,065
160,361
51,360
56,155
26,523
27,253
29,663
32,027
34,794
39,100
42,169
46,719
159,575
157,220
153,566
146,502
52,023
53,556
53,079
53,361
26,044
512
47
60
153
277
440
653
450
367
434
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
3,935
494
84
410
4,298
81
81
79
78
78
429
3,935
3,937
3,926
3,895
3,935
443
446
443
448
467
468
3,505
3,441
3,451
3,461
3,520
3,470
477
475
3,448
3,242
322,286
75,705
329,814
325,021
68,685
16,692
51,993
44,282
212,054
159,152
52,902
330,136
331,454
328,306
331,397
326,733
325,691
327,010
323,876
326,994
69,528
18,038
51,490
18,511
52,062
52,934
507
505
19,331
19,549
51,649
55,170
56,155
53,001
322,286
159,337
158,595
155,119
153,351
146,502
510
70,573
70,295
74,501
75,705
43,971
44,908
45,460
52,856
M a r c h.......
April.......
M a y .........
June........
53,076
53,361
512
July........
A u gust......
September...
October ....
November....
December....
331,158
336,374
336,418
341,027
345,634
345,208
327,132
332,409
332,447
337,041
341,570
341,194
75,373
77,143
76,348
75,852
76,173
75,932
19,164
18,833
18,608
18,685
18,802
18,699
151,098
53,857
53,744
53,972
54,505
346,813
352,107
342,812
74,626
76,324
18,696
1968-January....
February___
306,466
312,526
317,864
320,369
326,733
348,314
58,206
60,964
63,236
66,618
18,646
19,083
51,120
46,066
212,193
211,529
208,120
206,427
46,719
199,862
56,209
58,309
57,739
57,167
57,372
57,234
46,804
204,955
208,712
209,183
154,967
213,800
216,466
216 ,149
159,295
160,446
160,763
55,930
57,242
49,092
48,952
219,094
223,037
163,594
167,336
46,555
46,916
47,390
48,931
49,112
Source: Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U.S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve banks.
1/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1 .
2/ Includes accounts under the control of certain U.S. Government agencies
2/
lj
155,211
Held by
private
investors
2/
Matured
debt
and
debt
bearing
no
interest
63
79
87
167
165
159
139
94
78
139
240
444
605
812
589
10,959
11,357
13,405
14,337
14,586
15,497
19,549
56,296
Held by
U.S.
Government
investment
accounts
2/
460
508
56,020
55,386
524
544
545
78
78
78
76
76
76
55,499
55,701
553
551
76
76
521
524
521
426
426
430
434
whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private inves
tors is calculated by deducting from the total amount outstanding the
amount held by U.S. Government investment accounts and Federal
Reserve banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
T a b l e 2. - N e t M a r k e t P u r c h a s e s o r S a l e s o f F e d e r a l S e c u r i t i e s f o r
I n v e s t m e n t A c c o u n t s a n d O t h e r A c c o u n t s H a n d l e d b y t h e T r e a s u r y 1/
(In millions of dollars; negative figures are net sales)
Year
Jan.
Mar.
Feb.
Apr.
May
June
July
-34.4
.4
-338.6
-30.4
-54.7
-56.4
- 69.8
-359.2
5.1
-55.6
3.3
-61.3
- 12.1
1.5
1 .1
- 88.4
-17.0
-157.8
-609.1
5.4
-.1
7.0
13.5
261.2
6.7
8.8
-4.0
6.3
482.7
.5
12.9
-22.4
1.1
8.4
19.9
36.2
-2.9
-1.9
11.4
2.9
35.9
2.8
5.1
3.5
1.5
20.1
-45.5
23.0
-1.3
14-3
-123.4
14.1
77.2
-9.8
72.6
-155.9
23.0
18.9
10.7
13.4
10.6
62.2
29.9
46.7
35-4
-2.1
44.0
56.2
5.7
313.4
-86.3
53.1
I 9 6 0 ...................
1 9 6 1...................
1 9 6 2...................
1 9 6 3...................
1 9 6 4...................
17.5
-5.6
76.9
80.7
148.7
16.5
-21.3
47.1
142.1
101.1
43.1
56.1
18.9
293.5
111.3
16.4
19.5
18.2
32.3
44.6
21.8
196 5...................
1 9 6 6 ...................
196 7
196 8
397.6
75.1
43.9
50.4
210.9
334.5
565.4
64 .5
83.2
38.2
75.3
7.0
27.1
180.0
1945 ...................
1946...................
1 9 4 7...................
1 9 4 8...................
1 9 4 9 ...................
-67.5
- 8 .1
-48.1
-.7
.1
- .2
8.8
-
-4.7
177.4
- 1 .8
106.8
1 9 5 0 ...................
1 9 5 1 ...................
1 9 5 2 ...................
19 5 3 ...................
1 9 5 4...................
-6.6
36.8
22.1
1 9 5 5 ...................
19 5 6...................
1 9 5 7 ...................
195 8 ...................
1959...................
l/
24.6
-5.9
-
Aug.
- .2
Sept.
Oct.
- 308.1
4.4
3.8
-12.5
-74.1
-123.1
7.2
4.6
.3
-123.0
-14.1
8.2
.2
1.4
7.9
-21.7
-2.0
4.7
1.9
.4
-17.2
22.5
398.8
15.8
177.2
9.9
74.8
49.2
182.4
445.5
32.2
20.3
9.4
26.4
19.1
18.3
35.5
155.8
-14.5
15.4
-8.7
73.9
141.0
61.9
-59.0
28.7
143.1
298.8
343.6
69.7
59.4
127.7
145.9
60.3
24.7
24.2
39.9
656.2
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U.S. Government for (l) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U.S., (2) accounts under the control of certain U.S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
25.6
-41.2
Nov.
Dec.
_
_
-57.6
-20.3
696.4
.1
221.0
- .8
-1.7
11.5
-.1
5.0
2.8
3.5
38.4
-10.0
5.8
8.4
16.5
17.0
21.1
10.7
-3.6
11.7
-1.1
14.2
7.0
29.0
8.2
.6
41.0
11.8
10.3
10.6
28.3
-30.7
56.2
26.6
17.3
41.1
7.9
83.9
-67.3
55.1
71.6
234.8
21.3
33.3
43.7
113.1
44.4
17.3
-304.4
33.5
223.4
3.4
25.1
325.5
373.1
169.8
25.5
36.8
-23.3
345.7
126.2
105.5
57.3
-25.4
436.7
100.1
39.7
27.8
19.5
33.8
116.8
578.6
264.1
56.9
198.6
55.5
61.5
39.8
-12.5
60.5
233.0
105.9
220.0
-1.9
.3
51.7
8.4
-.2
of the Treasury of any outstanding securities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a)
This table excludes (l) all investment transactions for the Exchange
Stabilization Fund; and (2,> all purchases by subscription on original
issue and all securities which are redeemed upon maturity.
March 1968
63
-OWNERSHIP OF FED ERAL SECURITIES.
Table
3. - E s t i m a t e d
Ownership
of
Federal
Securities
(Par values 1/ in billions of dollars)
End of
month
Total
Federal
securities
outstand
ing 2/
Held by banks
Commer Federal
cial
Reserve
banks
Banks
y
U. S.
Govern
ment In
vestment
accounts
Held by private nonbank investors
Individuals Lj
Total
Savings bonds
Total
Series
E and H
Other
series 5/
Other
secu
rities
Mutual
Insurance sav
companies ings
banks
State
and
Corpora
local
tions 6/
govern
ments
Foreign
and inter
national
7/
Other mis
cellaneous
investors
8/
15.9
93.8
74.5
65.6
2.5
6.5
22.7
10.1
-
1.9
8.2
6.3
3.1
2.2
.4
.2
.5
22.9
23.3
28.0
30.9
135.1
130.7
64 .I
64.2
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24-9
11.1
11.8
19.9
15.3
6.7
6.3
2.4
2.1
6.6
6.0
61.8
18.3
20.8
37.8
39.2
135-6
134-9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
3.5
4.3
6.2
6.2
255.3
259.5
58.4
61.6
23.0
23.8
41.0
132.9
131.8
65-4
64.6
34-5
34-7
14.6
42.3
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
6.5
6.3
1952-June....
D e c .....
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4-7
5.3
6.9
1953-June....
D e c .....
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
7.1
7.3
19 54--June....
D e c .....
271.3
278.8
63.6
25.0
24.9
49.3
49.6
133.3
135.1
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15.3
9.1
8.8
16.5
19.1
13.9
14.4
6.0
6.3
7.6
7.6
1955-June....
D e c .....
274.4
280.8
63.5
62.0
23.6
50.5
51.7
136.7
142.3
65.2
65.0
39.3
40.1
10.9
10.2
15.0
24.8
14.8
15.0
14.6
8.7
8.5
18.6
23.2
14.7
15.4
6.8
7.5
7.6
8.1
19 5 6-June....
D e c ......
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54-0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
8.7
16.3
15.8
13.6
13.2
8.4
8.0
17.3
18.7
16.1
16.3
7.9
7.8
8.4
1957-June....
D e c .....
270.6
275.0
56.2
59.5
23.0
55.6
55.2
135.9
136.1
66.3
64.9
41.5
24.2
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
16.8
16.6
7.6
7.6
9.0
1958-June....
D e c ......
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
5-9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
14.1
18.1
16.3
16.5
6.5
7.7
8.8
8.9
1959-June....
D e c ......
284.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.4
4-5
3-5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
16.9
18.0
10.1
12.0
9.5
10.1
1960-Jun e ....
D e c ......
286.5
290.4
55-3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
69.7
•66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
18.7
18.8
18.7
12.3
13.0
10.4
11.2
19 61-June....
D e c ......
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
64 .6
65.9
43.6
44-2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
19.3
19.0
12.7
13.4
10.5
11.6
1962-June....
D e c ......
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
20.1
20.1
14.1
15.3
11.6
12.7
1963-June....
D e c .....
306.5
310.1
64.4
64.3
32.0
33.6
58.4
58.0
151.7
154.3
66.1
68.2
46.0
46.7
1.5
1.4
18.6
20.1
11.0
11.3
6.1
5.8
18.7
18.7
21.5
21.1
15.8
15.9
12.5
13.3
19 64.-June....
D e c ......
312.5
318.7
60.2
64-0
34.8
37.0
61.1
60.6
156.4
157.1
68.8
69.8
47.3
47.9
1.2
1.0
20.3
20.8
10.9
11.1
6.0
5.7
18.9
18.2
22.5
21.2
15.6
16.7
13.7
14.5
19 65-June....
D e c ......
317.9
321.4
58.3
60.8
39.1
63.4
61.9
157.1
158.0
70.9
72.1
48.3
40.8
48.8
.9
.8
21.6
22.5
10.6
10.4
5.8
5.4
15.3
15.8
24.1
22.9
15.7
16.7
14.7
19 66-Jan......
F e b ......
M a r ......
A p r ......
M a y ......
June....
July....
A u g ......
S e p t ....
O c t ......
N o v ......
D e c ......
322.4
323.7
321.5
320.1
322.8
320.4
319.8
324.9
325.3
327.4
329.9
329.8
60.9
58.7
57.0
57.0
55.1
54-8
53.8
55.0
54-8
55.3
55.5
57.5
60.0
61.7
61.7
60.5
64.5
66.7
73.1
73.4
74.5
74.1
73.9
73.1
73-4.
73-9
74.7
75.475-3
74- 6
.8
.8
.7
.7
.6
.6
.6
.5
.5
•4
•4
•4
23.5
23.8
25.4
25.3
24.5
10.4
10.3
10.2
10.1
10.0
9.7
9.7
9.7
9.7
9.6
9.7
9.6
5.5
5.5
5.5
5.3
5.2
5.1
5.0
5.0
5.0
4.8
16.6
17.6
15.9
15.9
I 6.4
69.3
69.2
68.0
68.9
68.8
161.0
163.2
162.0
161.9
161.7
156.7
157.2
158.1
158.4
161.1
161.6
159.3
23.7
24.7
24.4
25.1
25.3
24-5
25-1
25.0
25.2
25.2
25.1
25.0
16.4
16.2
16.0
15.7
15.6
15.4
15.3
15.4
15.2
15.2
15.4
14.5
1967-Jan......
F e b ......
M a r .....
A p r .....
M a y .....
June....
July....
A u g .....
Sept....
O c t .....
Nov......
329.4
330.1
331.5
328.3
331-4
326.7
331.2
336.4
336.4
341.0
345-6
345.2
57.8
57.4
58.1
57.2
56.4
55.5
58.3
60.2
61.1
63.6
63.5
63.9
63.0
159.9
159.2
157.8
155.2
154*3
148.7
150.6
152.4
152.0
154.1
157.0
156.2
74.9
74.6
74.0
72.7
71.9
70.9
70.8
71.4
72.5
73.0
73.8
73.8
49.8
46.9
47.4
48.9
49.1
68.2
69 .6
70.7
70.4
74.6
75.8
75.5
77.2
76.4
75.9
76.2
76.0
50.9
.3
•3
.3
.3
.2
.2
.2
.2
.2
.2
.2
.2
24.7
24.3
23.7
22.3
21.4
20.4
20.2
20.7
21.7
22.1
22.8
22.7
9.5
9.3
9.2
9.0
9.0
8.7
8.7
8.7
8.7
8.8
8.7
8.7
4-5
4-3
4.3
4.2
4.2
4.2
4.2
4.1
4.2
4.2
14.7
14.7
14.1
12.9
13.6
11.1
11.9
12.4
10.7
11.8
13.1
12.5
49.1
74.7
160.0
74.4
50.9
.2
23.3
8.6
4.1
13.8
1939-Dec......
47.6
1946-Feb. 9/..
D e c ......
279.8
259.5
1950-June....
D e c ......
257.4
256.7
1951-June....
D e c ......
1968-Jan.p....
346.8
69.2
40.6
40.2
40.7
40.7
41.5
42.2
42.4
42.5
42.9
43.0
43.9
44.3
43.5
44-0
44-9
45.5
46.1
46 .7
46.8
46.6
66.4
65.2
64.8
64.8
Source: Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
3/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
42.1
42.5
42.6
48.8
48.9
49.0
49.0
49.1
49.2
49.3
49.4
49.4
49.5
49.7
49.8
50.0
50.1
50.2
50.3
50.4
50.5
50.6
50.6
50.7
50.8
5/
6/
U
9/
24.8
24.4
24.1
23.3
23.5
24.0
24.8
4.8
4.7
4.5
4.6
14.2
14.3
14.5
13.8
14-9
16.0
14.9
24.8
14.0
6.4
8.4
8 .4
14.8
15-4
15-5
15.6
15.5
15.2
14.6
14.3
14.6
14.8
15.9
15-3
16.0
24.5
25.1
16.2
15.8
17.4
16.9
16.4
16.1
15.4
14.1
15.9
16.2
16.2
17.0
16.5
16.2
25.4
15.4
18.2
25.0
25.1
25.2
25.1
25.0
24.7
25.1
24.9
14.1
14.5
15.0
15.0
14.7
14.4
14.3
14.7
24.6
14.8
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak.
p
Preliminary.
Treasury Bulletin
64
_____________________________________________ T R E A S U R Y
S U R V E Y
O F
O W N E R S H I P ,
The monthly Treasury Survey of Ownership covers securities issued by the United States Government and by Federal
agencies. The banks and insurance companies included in the
Survey currently account for about 90 percent of all such
securities held by these institutions. The similar proportion
for corporations and for savings and loan associations is 50
percent, and for State and local governments, 70 percent.
Data were first published for banks and insurance companies
in the May 1941 Treasury Bulletin, for corporations and
Section
I
- Securities
Issued
Table
or
1.
J A N U A R Y
31,
savings and loan associations in the September I960 Bulletin,
and for State and local governments in the February 1962
Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 1954 Bulletin.
G u a r a n t e e d
- S u m m a r y
of
by
the
All
United
States
G o v e r n m e n t
Securities
(Par values - in millions of dollars)
Total
amount
outstand
ing 1/
Classification
Interest-bearing securities:
Public marketable.....................
Public nonmarketable jj/...............
Special issues.........................
5,863
commer
cial
banks
2/ 3/
50.1
mutual
savings
banks
2/
Held by investors covered in Treasury Survey
State and local
governments
488
138
466 fire, savings 469
pension
corpo 316
294
casualty, and loan
rations general and re
life
and
associa
tirement
funds
tions
marine
funds
Insuranc e companies
229,285
57,597
55,930
553
51,485
3,978
35
3,853
49
3,474
35
4,694
19
55
94
97
14
37
Total interest-bearing
securities.............................
343,365
51,605
4,107
3,999
3,523
4,752
Matured debt and debt bearing
no interest 8 / ..........................
3,448
Total securities issued or guar
anteed by U.S. Government.............
346,813
64 6/
5,484
1
5,485
9,392
72
9,465
5,033
63
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
Held by
all
other
inves
tors 4 /
76,195
55,161
86
65,691
2,097
55,930
76
5,188
123,795
131,449
94
Footnotes at end of Section II.
Tab l e
2.
- S u m m a r y
of
Interest-Bearing
Public
M a rketable
Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments
488
188
savings 469
466 fire,
pension
casualty,
and loan corpo 316
294
and
associa rations general and re
life
tirement
tions
marine
funds
funds
Insurance companies
Classification
B y type of security:
Issued by U.S. Government:
Treasury bills.....................
Treasury notes.....................
Treasury bonds.....................
Total
amount
outstand
ing 1/
5,863
commer
cial
bamcs
3/
501
mutual
savings
banks
2/
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
Held by
all
other
inves
tors u
72,706
61,365
95,214
10,046
14,791
26,643
462
885
2,631
182
60
3,611
270
527
2,677
825
1,033
2,836
3,418
768
1,293
4,479
1,194
3,720
241
52
4,745
18,309
29,877
17,504
34,475
12,173
29,542
229,285
51,485
3,973
3,853
3,474
4,694
5,48.,
9,392
5,033
65,691
76,195
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 y e a r .......................
1 to 5 ye a r s ........................
5 to 10 y ears.......................
10 to 15 years.....................
15 to 20 ye a r s.....................
20 years and over..................
121,574
63,783
20,075
6,032
4,935
12,837
24,260
19,791
6,527
334
295
277
941
1,224
752
196
181
1,035
1,128
731
129
228
172
1,610
1,536
829
146
270
303
4,810
605
53
685
474
177
253
757
354
1,833
5,730
1,671
731
420
197
644
454
212
429
652
918
2,373
37,210
19,248
3,464
1,680
1,287
2,801
45,000
18,192
6,300
1,765
1,199
3,738
4
Total................................
229,285
51,485
3,973
3,853
3,474
4,694
5,484
9,392
5,033
65,691
76,195
Maturity classes (final
maturity):
Within 1 y e a r ....................
1 to 5 y e a r s .....................
5 to 10 y e a r s....................
10 to 15 ye a r s ...................
15 to 20 y e a r s ...................
20 years and over................
107,199
78,157
18,859
4,511
3,905
16,654
17,825
26,226
6,452
265
214
502
735
1,430
709
168
97
840
239
411
215
554
421
2,013
538
1,625
699
100
83
379
1,359
1,737
804
114
163
4, 547
863
53
1
462
G
5,445
1,956
651
255
355
731
304
361
277
373
539
3,134
34,964
21,494
3,046
1,469
824
3,894
41,193
21,999
5,943
1,212
1,202
4,641
Total..............................
229,285
51,435
3,973
3,853
3,474
4,694
5,434
9,392
5,038
65,691
76,195
Footnotes at end of Section II.
March 1968
65
____________ T R E A S U R Y
Section
S U R V E Y
I - Securities
Table
3.
Issued
O F
or
O W N E R S H I P ,
G u a r anteed
by
J A N U A R Y
31,
the
States
United
- Interest-Bearing Public M a r k e t a b l e
(Par values - in millions of dollars)
1968
Securities
.
G o v e r n m e n t
by
Issues
Held by investors covered in Treasury Survey
Issues
Treasury Bills:
Regular weekly and annual
maturing:
Feb. 1968- Apr. 1968 .............
May
1968-July 1963.............
Aug. 1968 .
Sept. 1968 .
Oct. 1968 .
Nov. 1963.
Dec. 1968 .
Jan. 1969.
Total
amount
outstand
ing
5,863
commer
cial
banks
n y
488
501
mutual
savings
banks
2J
294
life
466 fire,
casualty,
and
marine
181
68
142
20
23
3
1,500
1,502
1,000
1,000
1,000
4,633
2,590
124
104
I64
59
72
238
2,003
3,507
5,534
328
649
1,087
3
7
33
15
35
20
2
72,706
10,046
462
182
270
1968-A.............
1968-B............ .
1968-C.............
1968-D.............
1969-A.............
1970-A .............
1971-C.............
1971-A.............
1971-B.............
1972-A.............
1972- B.............
1974-A.............
1968-EA............
1968-E0............
1969-EA............
1969-E 0 ............
1970-EA............
1970-E0............
1971-EA............
1971-EO............
1972-EA............
1972-E0............
2,635
5,537
6,444
9,913
10,733
7,675
2,509
4,265
1,734
742
1,079
1,251
1,711
1,432
2,570
1,265
33
42
17
83
83
181
69
67
89
85
45
76
3
30
1
11
8
10
44
53
9
15
5
5
Total Treasury n otes................
61,365
14,791
1,788
554
1,393
1,217
953
543
414
Tax anticipation:
Mar. 196 8 .........................
Apr. 1968 .
June 1968 .
Total Treasury Bills.............
Treasury notes:
5-5/8% Feb.
May
4-3/4
Aug.
4-1/4
Nov.
5-1/4
5-5/8
Feb.
Nov.
5
5-3/8
Feb.
May
5-1/4
5-3/8
Nov.
Feb.
4-3/4
May
4-3/4
Nov.
5-3/4
1 - 1/2
Apr.
1 - 1/2
Oct.
1 - 1 /2
Apr.
1 - 1 /2
Oct.
1 - 1 /2
Apr.
1 - 1/2
Oct.
1 - 1 /2
Apr.
1 - 1/2
Oct.
1 - 1/2
Apr.
1 - 1/2
Oct.
Treasury bonds:
2- 1/ 2% Dec.
2-1/2
June
2-1/2
Dec.
2-1/2
Mar.
2- 1/2
Mar.
2- 1/2
June
2-1/2
Sept.
2-1/2
Dec.
3-7/8
May
Aug.
3-3/4
3-7/8
Nov.
Feb.
4
Oct.
4
Feb.
4
Aug.
4
Aug.
4
3-7/8
Nov.
Feb.
4
Aug.
4
Aug.
4
4-1/8
Nov.
4-1/8
Feb.
May
4-1/4
3-7/8
Nov.
May
4-1/4
June
3-1/4
1963-68............
1964-69............
1 964-69............
1965-70............
1966-71............
1967-72............
1967-72............
1967-72............
1968 ........................
1968 ........................
1968 ........................
1969 ........................
1969 ........................
1970 ........................
1970................
1971 ........................
1971 ........................
1972 ........................
1972................
1973 ........................
1973 ........................
1974 ........................
1974 ........................
1974 ........................
1975-85 ...................
1973-33............
Footnotes at end of Section II.
36,737
17,422
1,501
2,006
1,000
724
974
5,310
1,200
1,652
212
544
47
25
29
115
61
159
83
113
35
72
34
2,543
2,490
2,286
1,224
1,255
1,952
2,625
2,460
3,747
1,591
3,728
6,249
4,331
4,129
2,806
2,760
2,344
2,579
3,394
4,353
3,129
3,589
2,242
1,216
1,571
State and local
governments
Insurance companies
68
1,161
754
503
1,310
555
976
2,120
1,942
1,481
1,016
1,173
846
847
1,334
1,689
1,231
1,192
462
75
63
40
6
11
-
9
8
2
-
-
3
2
2
7
5
195
24
1
1
2
2
78
36
33
40
-
21
6
-
3
1
-
1
-
2
1
10
22
18
26
8
4
438
15
57
69
5
57
25
18
24
9
10
11
806
265
27
36
27
4
30
42
169
2
1
2
2
492
288
305
681
629
658
-
326
548
483
393
2
107
169
75
1,890
3,025
62
27
50
37
199
99
155
41
71
52
134
92
6
1
939
3,634
4,441
6,126
7,670
1,485
157
1,812
756
564
509
112
60
43
93
95
52
1
-
2
-
65
71
66
79
51
34
111
86
48
67
49
50
139
109
123
79
75
71
20
(Continued on following page)
78
73
47
13
506
34,475
34
16
13
31
67
64
1
1
1
18,309
15
38
54
30
193
173
133
112
62
32
29
7,160
138
121
241
1,033
46
18,009
5,495
489
4,479
527
96
67
123
165
104
199
41
43
28
10,058
38
3,418
60
19
69
5
7
7
5
19
14
20
11
14
22
27
68
19
54
31
32
38
203
198
68
835
15
26
20
37
20
30
123
65
96
73
2,266
1,247
825
1
1
1
21
188
pension
and re
tirement
funds
Held by
all
other
inves
tors lj
160
1
21
22
316
general
funds
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
452
546
946
1
-
469
corpo
rations
322
-
2
11
2
2
savings
and loan
associa
tions
29
30
17
15
36
52
73
62
116
24
53
145
113
127
85
118
110
118
158
190
152
147
105
25
32
88
36
85
77
16
18
10
51
3
56
34
273
256
164
185
36
56
34
84
37
60
4
-
20
1
8
4
4
1
3
161
343
2,848
260
-
1,000
1,468
1,161
2,822
850
1,167
619
371
982
621
100
3
-
-
57
24
33
15
36
-
-
53
25
32
17
23
7
15
11
1
-
2
12
5
-
-
-
3
768
1,194
52
29,877
12,178
356
87
47
35
19
20
26
25
19
38
14
144
126
187
97
147
301
169
95
88
130
60
83
164
175
65
69
117
80
5
14
15
38
217
415
535
504
460
488
666
412
20
205
124
82
22 0
500
647
152
1,377
637
470
435
611
442
269
528
551
434
544
572
280
538
433
1,196
1,077
1,048
639
1,058
2,696
1,426
1,699
829
735
818
823
1,246
1,433
794
1,179
675
353
554
-
6
12
56
19
87
316
45
27
36
66
16
1
12
9
1
2
22
6
18
8
1
164
15
9
38
33
12
2
4
33
8
39
12
16
43
19
51
52
47
70
55
152
279
685
418
211
Treasury Bulletin
66
__________________________ TREASURY SURVEY OF OWNERSHIP, JAN U ARY 31, 1968 __________________________
S e c t i o n I - S e curities I s s u e d or G u a r a n t e e d
Table
by
3. - I n t e r e s t - B e a r i n g P u b l i c M a r k e t a b l e
the United
States G o v e r n m e n t
Securities b y I ssues - ( C o n t i n u e d )
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
amount
outstand
ing
Issues
5,863
commer
cial
banks
2/ y
501
mutual
savings
banks
2J
294
life
466 fire,
casualty,
and
marine
bonds - (Continued):
1980...............
Feb.
19 8 0..............
Nov.
1985...............
May
1987-92...........
Aug.
Feb.
1988-93...........
May
1989-94...........
1990...............
Feb.
Feb.
1995...............
1 99 8 ..............
Nov.
2,602
1,909
1,118
3,817
249
1,559
4,885
1,781
4,363
120
146
71
224
2
24
168
24
60
78
90
26
155
6
22
306
35
316
173
381
180
174
34
98
894
43
770
57
43
21
207
2
39
89
17
26
Total Treasury bonds...............
95,214
26,648
2,631
3,611
Total public marketable
securities...........................
229,285
51,485
3,978
3,853
Treasury
l&
3-1/2
3-1/4
4-1/4
4
4-1/8
3-1/2
3
3-1/2
488
savings
and loan
associa
tions
State and local
governments
469
corpo
rations
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
Held by
all
other
inves
tors lj
316
general
funds
188
pension
and re
tirement
funds
277
96
108
810
34
513
782
163
880
4,745
748
721
194
1,093
70
502
1,162
159
908
17,504
954
258
296
903
86
276
1,033
1,184
1,159
29,542
5,038
65,691
76,195
1
*
-*
4
2,677
65
49
111
160
9
42
137
29
85
2,836
1,298
130
126
110
87
5
44
313
124
159
3,720
3,474
4,694
5,484
9,392
-
1
4
*
Footnotes at end of Section II.
T a b l e 4. - I n t e r e s t - B e a r i n g P u b l i c N o n m a r k e t a b l e
Securities b y
I ssues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issues
Total
amount
outstand
ing
U. S. savings bonds: 5/
Series E ............................
Series H ............................
Series J and K .....................
43,532
7,840
217
•*
Total U. S. savings bonds.........
51,589
•*
Other U. S. securities:
Certificates of indebtedness:
Foreign Series...................
Foreign Currency Series.........
Treasury certificates.............
Treasury n o t e s :
Foreign Series...................
Foreign Currency Series.........
Depositary b o nds...................
Treasury bonds:
Foreign Series...................
Foreign Currency Series.........
R. E. A. Series..................
Investment Series B .............
O ther.............................
U. S. retirement plan b onds.......
U. S. savings n otes................
State and local
governments
Insurance companies
5,863
commer
cial
banks
2/ y
501
mutual
savings
banks
2/
294
life
466 fire,
casualty,
and
marine
488
savings
and loan
associa
tions
469
corpo
rations
316
general
funds
188
pension
and re
tirement
funds
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
Held by
all
other
inves
tors 4/
*
*
*
*•
*
1
*
*
2
1
*
*
*
1
3
*
1
1
1
1
1
43,530
7,835
210
*
-*
1
2
*-
4
2
3
51,575
1,540
217
31
1,540
217
31
198
1,172
31
198
1,172
31 6/
114
114
26
2,553
33
35
49
34
17
1
68
61
2,094
26
162
26
100
26
100
Total other U. S. securities......
6,008
64 6/
35
49
34
17
1
68
61
2,094
3,585
Total public nonmarketable
securities...........................
57,597
64 6/
35
49
35
19
1
72
63
2,097
55,161
Footnotes at end of Section II.
March 1968
67
_
T R E A S U R Y
Section
II
S U R V E Y
O F
- Interest-Bearing
Not
Guaranteed
by
O W N E R S H I P ,
Securities
the
J A N U A R Y
Issued
United
by
States
31,
Federal
1968
Agencies
_____
but
Government
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing
Issues
Banks for
5.20%
5.35
5.65
5-3/4-
cooperatives:
Feb.
1968 (Debentures)
Apr.
1968 (Debentures)
May
1968 (Debentures)
June
1968 (Debentures)
Total..............................
Federal home loan banks:
5T 35 I
Feb!
19<3§ (Notes)....
4-3/8
Mar.
1968 (Bonds)....
5.35
Mar.
1968 (Notes)....
5-3/8
Apr.
1968 (Bonds).....
5-1/2 May
1968 (Notes).....
5.45
July
1968 (Notes).....
5-7/8 Aug.
1968 (Notes).....
5.85
Oct.
1968 (Notes).....
5-5/8 Nov.
1968 (Bonds).....
5-1/2 Jan.
1969 (Bonds).....
5-3/8 Mar.
1969 (Bonds).....
6
Feb.
1970 (Bonds).....
Tot a l..............................
Federal intermediate credit b a n k s :
(Debentures)..................... .
Federal land banks:
1967-72
4-1/8% Feb.
1967-70
Oct.
4-1/2
1968
Mar.
4-1/4
1968
May
5-1/4
1968
June
4
1968
Aug.
4-1/4
1968
Oct.
5-1/2
1968
D
e
c
.
5.95
Jan.
1969
4-3/4
Mar.
4-3/8
1969
5.60
Apr.
1969
July
4-5/8
1969
July
1969
4-1/4
Oct.
1969
4-1/4
1970
Jan.
5-3/4
Feb.
1970
5-1/8
1970
Apr.
3-1/2
1970
6.20
Apr.
1970
July
5-1/8
May
1971
3-1/2
3-7/8
Sept. 1972
5-7/8
Oct.
1972
1973-78
4-1/8
Feb.
Feb.
4-1/2
1974
4-3/8
Apr.
1975
1976
Feb.
5
July
1976
5-3/8
1978
Apr.
5-1/8
Jan.
1979
5
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
(Bonds)....
Total..
Footnotes at end of table.
Insurance companies
5,863
commer
cial
banks
2/ 1 /
313
283
304
352
101
501
mutual
savings
banks
2/
95
15
17
9
9
1,253
361
535
250
400
144
34
95
625
111
300
300
500
300
300
300
300
200
58
75
123
45
5
15
9
4,310
873
220
3,236
785
72
75
160
7
5
7
41
48
31
407
102
246
341
100
250
60
130
209
208
82
83
362
85
60
109
200
148
155
200
123
150
150
285
53
97
8
82
5
29
56
56
5
28
97
4
5
10
40
17
20
29
8
7
15
57
9
30
17
17
6
10
2
9
15
9
6
6
21
4
3
2
14
9
6
13
4
3
10
32
4,990
967
289
111
242
186
77
88
66
52
43
28
State and local
governments
488
294
life
466 fire,
casualty,
and
marine
savings
and loan
associa
tions
469
corpo
rations
316
general
funds
188
pension
and re
tirement
funds
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
Held by
all
other
inves
tors Ij
4
4
6
2
30
15
10
1
34
27
-
_
-
12
2
18
27
41
-
16
1
-
-
147
137
118
178
50
8
24
35
88
101
-
5
581
17
14
1
24
9
21
-X-
39
4
25
*
16
15
29
26
30
13
14
3
19
17
18
2
20
1
158
258
146
221
2
2
29
24
17
24
25
4
5
-
-x-
8
-
4
*
-
12
-
3
*
-x-
-
1
-
21
11
14
23
19
14
16
5
_
_
_
#
*
-X-
-X-
-
_
297
163
150
287
148
179
109
171
1
9
19
13
3
4
-
1
6
2
6
-
-
4
*
-
5
130
2
70
163
158
159
*
405
2,260
139
5
24
39
107
262
1
37
1,836
6
6
3
2
4
7
*
1
3
1
1
1
2
1
21
8
-
#
3
3
3
2
1
1
6
14
3
2
2
1
2
1
9
15
1
2
2
3
2
2
2
1
3
2
4
3
7
9
12
43
111
-
-x2
2
1
1
2
2
#
-
*
2
5
-
(Continued on following page)
-x-
2
1
5
3
12
3
*
1
5
3
1
2
3
16
_
_
16
-
17
135
4
1
6
_
15
15
2
6
6
11
24
5
2
3
1
5
17
21
6
-X-X-
_
-X-
_
3
59
154
196
-
-
1
2
-
-
*
1
5
9
4
_
_
1
-X-
1
12
-
48
_
39
10
36
12
30
-
*
1
2
1
15
1
1
2
27
_
9
4
2
15
4
6
4
7
5
3
11
5
2
4
16
9
3
8
12
3
6
4
6
_
3
7
-x-
66
_
3
2
_
_
4
5
5
_
_
_
7
11
7
-x20
7
9
8
15
14
7
_
136
_
46
80
169
104
87
212
136
157
62
117
41
71
90
107
62
28
219
65
33
64
-
107
94
109
129
94
111
97
150
149
2,886
_
_
_
_
_
_
_
Treasury Bulletin
68
. T R E A S U R Y
S U R V E Y
O F
O W N E R S H I P ,
J A N U A R Y
31,
1968
S e c t i o n II - I n t e r e s t - B e a r i n g S e c u r i t i e s I s s u e d b y F e d e r a l A g e n c i e s
.
but
N o t G u a r a n t e e d b y the U n i t e d States G o v e r n m e n t - (Continued)
(Par values - In millions of dollars)
Held by investors covered in Treasury Survey
Issues
Federal National Mortgage
Association:
Discount notes.
3-5/8% Mar. 1968 (Debentures)..
June 1968 (Debentures)..
4-3/4
5-7/8
Sept. 1968 (Debentures)..
4-3/8
Apr. 1969 (Debentures)..
May
1969 (Debentures)..
4.65
6.10
June 1969 (Debentures)..
July 1969 (Debentures)..
5-1/8
6
Dec. 1969 (Debentures)..
Apr. 1970 (Debentures)..
4-5/8
Sept. 1970 (Debentures)..
4-1/8
Oct. 1970 (Debentures)..
5-3/4
Aug. 1971 (Debentures)..
4-1/8
Sept. 1971 (Debentures)..
4-1/2
5-1/8
Feb. 1972 (Debentures)..
4-3/8
June 1972 (Debentures)..
June 1973 (Debentures)..
4-1/4
Feb.
1977 (Debentures)..
4-1/2
Total
amount
outstand
ing
1,450
87
Insurance companies
5,863
commer
cial
banks
Z/ 2/
501
mutual
savings
banks
2/
19
2
1
5
6
4
1
63
96
98
100
146
198
44
13
101
31
14
52
54
37
61
10
12
79
7
5
4
7
13
12
44
3
20
40
6
10
4
13
36
15
6
33
5
10
5
9
11
7
1
1
1
2
1
11
5,087
554
277
23
Tennessee Valiev Authority:
Short-term notes...........
4.40% Nov. 1985 (Bonds).
4-5/8 July 1986 (Bonds).
4-1/2 Feb. 1987 (Bonds).*
5.70
May
1992 (Bonds).
6-3/8 Nov. 1992 (Bonds).
200
50
50
45
70
60
81
To t a l ........................
475
85
12
13
Total nonguaranteed securities
19,351
3,625
987
95
To tal.........................
V
2/
y
y
400
350
88
300
250
250
550
142
119
400
4.66 fire,
casualty,
and
marine
294
life
Includes public debt not subject to statutory limitation. For amount
subject to limitation, see ."Statutory Debt Limitation,”Table 1.
Excludes trust departments.
Includes trust companies and beginning with figures for July 1949, also
includes stock savings banks. Previously, those banks were reported
as. a separate classification.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local govern
ment funds not reporting in the Treasury Survey.
4
12
6
7
1
3
3
9
3
4
488
savings
and loan
associa
tions
21
14
11
6
5
11
4
11
9
12
State and local
governments
469
corpo-
26
8
22
4
1
5
39
3
20
20
2
1
316
general
funds
749
3
28
11
4
1
6
2
3
5
4
20
1
7
1
5/
y
ij
8/
1
25
50
75
100
250
100
5
9
1
6
11
6
6
23
Held by
all
other
inves
tors lj
545
43
191
203
50
141
142
85
166
78
77
132
43
62
71
63
98
124
142
158
860
65
13
10
1
17
1
6
28
22
26
10
3
57
14
25
15
54
52
95
217
14
322
188
pension
and re
tirement
funds
U.S. Govern
ment invest
ment accounts
and Federal
Reserve banks
452
677
1,595
298
606
1,209
2,313
10,092
United States savings bonds, Series E and J, are reported to the
Treasury Survey at maturity value but have been adjusted to current
redemption value for use in this statement.
Includes $13 million depositary bonds held by commercial banks not
included in the Treasury Survey.
Guaranteed securities are those held outside the Treasury.
Holdings by reporting investors are not available.
Less than $500,000.
69
March 1968
____________________M A R K E T
Q U O T A T I O N S
O N
T R E A S U R Y
S E C U R I T I E S ,
F E B R U A R Y
29,
1968
The securities listed include all regularly quoted public
marketable securities issued by the United States Treas
ury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
T a b l e 1. - T r e a s u r y B i l l s
Amount outstanding
_____ (millions)_____
Maturity
date
13-week
26-week
13 -week
26-week
$51,500
$1,001
1,001
1,000
1,000
12/7/67
12/14/67
12/21/67
12/28/67
9/7/67
9/14/67
9/21/67
9/28/67
3 / 14/68
1,503
1,000
1,001
1,000
1,001
1/4/68
1/11/68
1/18/68
1/25/68
10/5/67
10/13/67
10/19/67
10/26/67
1,500
1,501
1,501
1,501
1,000
1,001
1,000
1,000
2/1/68
2/8/68
2/15/68
2/23/68
2/29/68
1,501
1,506
1,502
1,501
1,502
1,502
1,601
Amount outstanding
(millions)
Bank discount
Issue date
Change from
last month
9 -month
4.80%
4.75
4-75
4.75
+ .02%
-.03
-.07
-.03
4/4/68
4/11/68
4/18/68
4/25/68
4.74
4.80
501
500
4.93
-.06
-.02
+ .05
+ .08
11/2/67
11/9/67
11/16/67
11/24/67
11/30/67
5/2/68
5/9/68
5/16/68
5/23/68
5/31/68
4.98
5.00
5.00
5.01
5.02
+.10
+.06
+.05
+. 06
+.04
500
1.003
12/7/67
12/14/67
12/21/67
12/28/67
6/ 13 /68
6/20/68
6/27/68
5.06
5.05
5.08
5.10
+.08
+.05
+.04
+.08
1,001
1,002
1,001
1,002
1/4/68
1/11/68
1/18/68
1/25/68
7/5/68
7/11/68
7/18/68
7/25/68
5.14
5.14
5.16
5.18
+ .12
+ .11
+.14
+.16
1.000
2/1/68
2/8/68
2/15/68
2/22/68
2/29/68
8/1/68
5.20
5.21
5.21
5.21
5.20
+.19
1.003
1,001
1,000
1,006
1.001
1,002
1,000
1,000
3/7/68
3/21/68
3/28/68
4.88
8/15/68
8/22/68
Issue date
one-year
9 -month
one-year
902
900
1,001
6/30/67
7/31/67
8/31/67
9/30/67
3/31/67
4/30/67
5/31/67
6/30/67
1,001
1,000
1,000
1,002
10/31/67
11/30/67
12/31/67
1/31/68
7/31/67
8/31/67
9/30/67
10/31/67
1,000
1,000
1,000
1,002
2/29/68
11/30/67
12/31/67
1/31/68
2/29/68
$500
500
501
500
500
500
Bank discount
Maturity
date
Change from
last month
3/31/68
4/30/68
5/31/68
6/ 30/68
4.70%
4.90
5.02
5.10
+.05
+. 04
+.08
7/31/68
8/31/68
5.20
5.20
5.20
5.23
+.20
+.07
+.05
+ .02
5.26
5.21
5.24
5.32
+.05
+.01
-.03
9/ 30/68
10/31/68
11 / 30/68
12/31/68
1/31/69
2/28/69
Bank discount
Amount outstanding
(millions)
Maturity
date
Issue date
Change from
last month
Tax anticipation bills
$2,003
Table
7/11/67
3/22/68
4.65%
2,001
1,506
7/11/67 "
10/9/67
4/22/68
4.90
+-.06
3,006
2,528
10/9/67
1/15/68
6/ 24/68
5.12
+-.07
2. - T r e a s u r y N o t e s
(Price decimals are 32nds)
Price
Amount
outstanding
(millions)
Description
Bid
$5,587
5,937
8,984
10,738
4,277
4-3/4%
4-1/4
5-1/4
5-5/8
5-5/8
_
5/15/68-B
8/15/68-C
11/15/68-D
2/15/69-A
5/15/69-B
99.28
99.15
99.29
100.02
99.3li
7,675
2,509
4,265
1,734
2,006
5
5-3/8
5-1/4
5-3/8
4-3/4
-
11/15/70-A
2/15/71-C
5/15/71-A
11/15/71-B
2/15/72-A
5,310
1,652
5,146
212
115
4-3/4
5-3/4
5-3/4
1-1/2
1-1/2
-
61
159
88
113
35
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
72
34
11
1-1/2
1-1/2
1-1/2
Yield
Change
from last
month
To
maturity
Change
from last
month
Low
Date
Price
Date
2/15/67
5/15/67
8/15/67
11/15/67
2/2/68
100.24
100.02
100.01
100.07
100.00
4/10/67
5/3/67
2/1/68
1/25/68
2/15/68
99.19
99.00
99.19
99.23
99.31
12/4/67
12/6/67
12/29/67
11/20/67
2/28/68
+ .08
+.19
+ .17
+.16
+.10
2/15/66
8/30/67
8/15/66
11/15/66
2/15/67
102.09
99.30
103.09
101.16
4/7/67
9/6/67
4/7/67
4/10/67
4/10/67
97.15
98.16
97.31
98.16
95.26
11/13/67
11/13/67
8/29/66
11/13/67
11/13/67
5.67
5.68
5.69
6.38
5.00
+ .07
+ .09
+1.00
+ .20
5/15/67
11/15/67
2/15/68
4/1/63
10/1/63
100.04
101.20
100.19
99.20
98.00
5/12/67
1/12/68
2/16/68
2/29/68
2/28/68
95-18
99.18
100.01
91.02
90.08
11/13/67
12/1/67
2/8/68
7/17/63
3/25/64
+.10
+.10
+.08
+.04
+.06
4.87
4.92
4.95
4.95
4.96
-.04
-.03
-0+ .03
+ .03
4/1/64
IO/ 1/64
4/1/65
10/1/65
4/1/66
96.16
94.28
93.24
92.24
91.28
2/29/68
2/29/68
4/11/67
4/12/67
4/10/67
89.25
89.02
87.26
86.08
85.03
4/ 6/64
9/15/66
8/29/66
8/29/66
9/21/66
+ .02
+.06
+.06
4.95
5.02
5.02
+.06
+.02
-0-
10/1/66
4/1/67
10/1/67
90.24
89.26
86.00
4/14/67
4/7/67
10/2/67
84.16
85.12
10/17/66
12/20/67
12/22/67
5.29%
5.45
5.39
5.56
5.64
+.37%
+.30
+ .10
+ .09
-
98.13
99.04
98.24
99.03
96.23
5.64
5.70
5.68
5.65
5.69
5/15/72-B
11/15/74-A
2/15/75-A
4/1/68-EA
10/1/68-E0
96.19
100.13
100.11
99.20
98.00
-.07
-.15
+.08
+.04
-
4/1/69-EA
10/1/69-E0
4/1/70-EA
10/1/70-E0
4/1/71-EA
96.16
94.28
93.08
91.22
90.08
-
10/1/71-E0
4/1/72-EA
10/1/72-E0
88.26
87.06
Footnotes at end of Table 3.
High
Price
-.02
-.02
-.02
-.03
-.05
-.16
-.15
-.17
-.09
85.24
Price range since; first traded 1/
Issue
date
104.02
84.04
Treasury Bulletin
70
M A R K E T
Q U O T A T I O N S
O N
T R E A S U R Y
Table
S E C U R I T I E S ,
F E B R U A R Y
29,
19RS
3. - T r e a s u r y B o n d s
(Price decimals are 32nds)
Price
Amount
out
standing
(millions)
2,543
2,490
4,381
2,286
2-1/2
4
2-1/2
4
2-1/2
4,129
1,224
2,806
2,760
2,344
4
2-1/2
4
3-7/8
4
1,254
2,579
1,952
2,622
3,894
2-1/2
4
2-1/2
2-1/2
4
4,353
3,129
3,589
_
1,216
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
2,602
1,909
1,570
1,117
4,884
4
3-1/2
3-1/4
3-1/4
3-1/2
_
3,817
249
1,559
1,767
4,359
4-1/4
4
4-1/8
3
3-1/2
2,242
1/
_
3-7/8%
3-3/4
3-7/8
2-1/2
4
6,248
Bid
Change
from
last
month
To first
call or
maturity
2/
Change
from
last
month
Issue
date
5/15/68
8/15/68
11/15/68
12/15/63-68
2/15/69
99.22
99.08
99.00
98.06
98.26
-.01
-0-'
+.01
+.05
+.01
5.41%
5.45
5.35
4.89
5.30
+.57%
+.26
+.12
+.04
+.08
6/ 15/64-69
10/1/69
12/15/64-69
2/15/70
3/15/65-70
96.31
97.27
95.26
97.09
95.05
+.08
+.03
+. 06
-0+.03
4.97
5-45
4.98
5.49
5.04
8/15/70
3/15/66-71
8/15/71
11/15/71
2/15/72
96.17
92.29
95.08
94-17
94.20
-.03
-0-
6/15/67-72
8/15/72
9/15/67-72
12/15/67-72
8/15/73
11/15/73
2/15/74
5/15/74
11/15/74
5/15/75-85
Description
$2,460
2,641
1,159
1,788
3,728
-
_
_
-
_
-
_
-
-
-
_
-
Price range since> first traded 1/
Yield
2/15/80
11/15/80
6/15/78-83
5/15/85
2/ 15/90
8/15/87-92
2/ 15 / 88-93
5/15/89-94
2/15/95
11/15/98
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
High
Low
Price
Date
Price
6/23/60
4/18/62
9/15/63
12/ 1/42
8/15/62
102.04
101.06
99.19
108.03
102.08
5/12/61
12/26/62
4/7/67
4/ 6/46
12/24/62
96.08
95.17
95.09
82.08
94.30
8/29/66
8/29/66
8/29/66
1/6/60
8/29/66
-.04
+ .02
-0+. 06
+.04
4/15/43
10/1/57
9/15/43
1/15/65
2/1/44
107.25
110.14
107.24
99.19
107.23
4/ 6/ 46
4/21/58
4/6/46
1/22/65
4/6/46
81.10
93.29
81.04
93.08
80.10
1/6/60
8/29/66
1/6/60
8/29/66
1/6/60
-.01
+.02
+ .09
+.06
+.07
+.04
+.01
6/20/63
12/1/44
3/1/62
5/15/62
11/15/62
100.14
-.0 4
5.53
5.05
5.53
5.53
5.53
107.22
101.27
100.28
101.20
8/2/63
4/6/46
12/26/62
12/26/62
12/26/62
92.18
79.28
91.30
90.25
91.02
8/29/66
1/6/60
8/29/66
8/29/66
8/29/66
90.04
94.06
89.20
89.00
93.00
+.08+.02
+.10
+.04
+.04
5.10
5.49
5.09
5.12
5.50
-.02
+.01
-.04
+.01
-.01
6/1/45
9/15/62
10/20/41
11/15/45
9/15/63
106.16
101.20
109.18
106.16
99.06
4/6/46
12/26/62
4/ 6/ 46
4/6/46
11/12/64
79.12
90.24
78.24
79.06
89.24
1/6/60
8/29/66
1/6/60
1/6/60
8/29/66
93.04
92.30
93.06
91.04
86.18
+.02
+.04
+.04
-.08
-0-
5.55
5.53
5.56
5.48
5.47
+.01
-.01
-.01
+.07
+.01
7/22/64
1/15/65
5/15/64
12/2/57
4/5/60
100.01
99.18
101.07
110.24
105.28
11/12/64
1/22/65
11/12/64
4/22/58
5/5/67
90.09
90.08
91.04
88.06
83.08
8/29/66
8/29/66
11/13/67
8/29/66
12/18/67
86.26
81.30
79.00
78.28
78.26
-.02
-.02
-.06
-.06
-.24
5.52
5.49
5.27
5.11
5.12
+.01
+.01
+ .03
+ .02
+.07
1/23/59
10/3/60
5/1/53
6/3/58
2/14/58
103.18
97.24
111.28
101.04
106.26
5/12/61
5/12/61
8/4/54
6/11/58
4/21/58
83.20
78.10
75.02
74.26
74.12
11/20/67
11/13/67
11/20/67
11/20/67
11/13/67
83.30
81.28
82.16
78.20
78.26
-.24
-.08
-.22
-.14
-.22
5.45
5.32
5.38
4-36
4.83
+ .07
+ .02
+. 06
8/15/62
1/17/63
4/18/63
2/15/55
10/3/60
104.10
12/26/62
1/16/63
8/28/63
6/18/55
5/12/61
79.18
78.04
78.00
73.28
74.02
11/13/67
11/13/67
11/20/67
11/13/67
11/13/67
Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued" prices are included in the
history beginning October 194-1. Dates of highs and lows in case of
recurrence are the latest dates.
+.04
+.05
2/
2/
100.11
100.26
101.12
95.14
Date
On callable issues market convention treats the yield to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
Included in the average yield of long-term taxable Treasury bonds
as shown under "Average Yields of Long-Term Bonds."
YIELDS O F T R E A S U R Y SECURITIES, FEB. 29, 1968
§.
Based on Closing Bid Quotations
’
94
’
96
’
98
1----- 1----- 1----- r P E R C E N T
'vO
s- Os
1
H
5.60
<0
a
o
h
>
HH
o
5.20
z
o
2
»
4.80
Legend:
Represented by the curve:
x Fixed maturity issues i/
• Callable issues &
Disregarded in drawing the curve:
# 1^2 % 5year exchange notes &
A Other deep discount issues &
4.40
4.40
CO
M
O
C3
»
CO
1/ Treasury bills included are limited to maturities closest to 3 months, 6 months,
4.00
>
ui
a
»
4.00
and 9 months and to the longest maturity
2/ Yields are plotted to earliest call date when prices are above par and to
maturity date when prices are at par or below.
2/ Marketable notes issued in exchange for nonmarketable 2%% Investment
Series B bonds.
& Issues with coupon rates less than 3'/2%.
3.60
3.60
*4
H
GO
W
C3
>
W
to
CD
CD
05
00
1968
J _____ L
’
70
-L
’
72
’
74
J _____ L
’
76
i
j _____ I
’
78
’
80
’
82
l
’
84
i
i
’
86
l
’
88
l
l
’
90
l
’
92
J _____ I_____ I_____ I_____ L
’
94
’
96
’
98
Note: The smooth curve is fitted by eye. Market yields on coupon issues due in less than 3 months are excluded.
Office of the Secretary of the Treasury
F-598-P
C O
Treasury Bulletin
72
A V E R A G E
Y I E L D S
O F
L O N G
- T E R M
B O N D S .
Table 1. - Average Y ields o f T reasury and Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Annual series - calendar year averages of monthly series
2.72
2.62
2.53
2.61
2.82
2.66
2.62
2.86
2.48
2.37
2.19
2.25
2.44
2.31
2.32
2.57
19441945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
2.68
2.94
2.55
2.84
3.08
3.47
3.43
4.08
I960 ..
1961 . .
1962 ,.
2.96
3.20
2.90
3.06
4.02
1963..
1964..
1965..
3.36
3.89
3.79
4.38
4.41
4.35
4.33
4.26
4.40
4.49
5.13
5.51
3.90
3.95
4.00
4.15
4.21
4.65
4.85
1967..
Monthly series - averages of daily series
Moody's
Aaa
corporate
bonds
Treasury
bonds 1/
Period
1957
12'21
J anuary..............
February.............
M a rch.................
April.................
M a y ...................
J une..................
3.34
3.22
3.26
3.32
3.40
3.58 1/
3.77
3.67
3.66
3.67
3.74
3.91
4.08
4.09
Jul y..................
August................
September............
October...............
3.60
3.90
4.11
4.10
4.10
December.............
3.63
3.66 2/ y
3.73
3.57 2/
3.30 y
4.12
4.10
4.08
3.81
3.91 2/
3.92
3.92
4.01
4.26
4.11 3/
4.12
4-27
3.57
3.57
4.16
July..................
August................
September............
October...............
November........ .
December.............
3.67
3.85
4.09
4.11
4.09
4.08
3.86
3.36
3.60
3.75
3.76
3.70
3.80
1961
3.60
3.59
3.63
3.60
4.37
4.22
4.08
4.18 2/
3.98
3.88
4.25
4.27
4.33
4.00
4.23
3.90
4.41
4.01
4.45
4.42
4.39
4.42
3.99
4.04
4.07
4.11
4.14
4.26
4.29
4.31
4.32
4.33
4.35
4.15
4.19
4.25
4.28
4.34
4.43
4.37
4.36
4.38
4.40
4.41
4.41
4.43
4.63
4.55
4.57
4.63
4.74
4.78
4-92
4.96
4.98
5.07
3.79
3.84 2/
3.91
3.93
4.40
4.41
4.42
4.42
4.43
4.44
4.75
4.80
4.79
4.70
4.74
4.65
5.31
5.49
5.41
5.35
5.39
3.88
4.32
4.27
4.22
4.45
4.00
4.02
3.98
3.98
4.06
4.08
4.09
1962
4.01
3.89
3.88
3.90
4.02 2/
4.41
4.28
4.25
4.30
4.31
4.35
3.98
3.94
3.89
3.87
3.87
4.22
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
4.16
4.15
4.14
4.34
4.35
4.32
4.28
4.25
4.24
4.13
4.14
4.18
4.20
4.16
4.13
4.16
4.16
4.12 3/
4.14
5.03
5.13
5.11
5.24
5.44
5.58
5.62
5.65
5.82
6.07
6.19
4.86
4-95
4.99
5.19
5.44
5.36
4.60
4.68
4.61
5.20
4.86
4.48
4.49
4.52
4.56
1966
1964
4.42
4.42
4.39
4.33
4.28
4.28
1967
4.40
4.47
4.45
4.51
4.76
4.43
4.41
4.42
4.43
4.44
4.46
4.14
Moody's
Aaa
corporate
bonds
Treasury
bonds 1/
1965
5.18
1968
6.17
6.10
5.16
5.16
....
..
Period
M oody's
Aaa
corporate
bonds
Treasury
bonds 1/
4.15
4.15
4.14 3/
4.14
4.47
4.43
4.52
4.57
4.56
4.58
4.56
4.49
4.45
4.46
4.45
Moody's
Aaa
corporate
bonds
4.21
4.19
4.19
4.21
3.89
3.81
3.78
3.80
3.73
4.61
Treasury
bonds 1/
1963
3.89 2/
3.92
3.93
3.97 2/
3.97
4.12
4.14
4.13
4.23
4.37
4.46
I960
1958
3.24 2/
February............. 3.28
Mar c h................. 3.25
3.12
M a y ................... 3.14
June.................. 3.20 2/
Moody's
Aaa
corporate
bonds
Moody's
Treasury
Aaa
corporate bonds l/
bonds
Treasury
bonds 1/
1
I
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Weekly series - average3 of daily series for weeks ending .967-September
October
1. .
8 ..
15..
22 ..
29..
6 ..
13..
20 ..
27..
4.96
4.92
4.96
5.01
5.04
5.04
5.10
5.24
5.29
5.68
5.66
1967-November
5.72
5.76
5.83
5.90
3*.
10 ..
17..
24..
5.65
5.64
5 .66
December
1..
8 ..
15..
22 ..
29..
5.35
5.44
5.49
5.45
5.94
1968-January
6.24
6.20
26 ..
5.12
5.18
5.20
2 ..
9..
16..
23..
5.15
5.17
5.13
5.14
6.12
6 .11
6.10
1968-February 2 1 ..
22 ..
23..
5.14
V
5.15
6.09
U
6.09
26 ..
27..
28..
29..
5.18
5.19
5.19
6.10
6.10
12 ..
19..
6.08
6.13
6.14
5.39
5.38
5.38
5.34
5.34
6.16
6.22
5••
5.23
6.02
6.10
February
6.14
6.12
6.09
6.24
Daily series unweighted averages
.968-F ebruary
1..
2 ..
5. •
6 ..
7..
8 ..
9..
5.15
5.14
5.16
5.18
5.16
5.18
5.17
6.12
6.12
6.13
6.11
6.11
6.10
6.09
1968-February 12..
13..
14..
15..
16 ..
19..
20 ..
Source: Beginning April 1953, Treasury bond yields are reported to the
Treasury by the Federal Reserve Bank of New York, based on closing
bid quotations in the over-the-counter market. Yields for prior
periods were computed on the basis of mean of closing bid and ask
quotations. Moody's Investor Service is the source for the average
of Aaa corporate bonds.
1/ Series includes bonds on which the interest income is subject to
V
U
5.15
5.14
6.10
6.10
5.12
5.12
6.09
6.09
5.14
5.14
6.09
6.08
2/
2/
lj
5.18
6.08
6.08
normal tax and surtax which are neither due nor callable before a
given number of years as follows: April 1953 to date, 10 years;
April 1952 - March 1953, 12 years; October 1941 - March 1952, 15 years.
For bonds currently in the series, see Table 3 under "Market Quotations
on Treasury Securities" in this issue of the Bulletin.
One or more new long-term bonds added to the average (see footnote l).
An existing bond dropped from the average (see footnote l).
Market closed.
A V E R A G E YIELDS O F L O N G - T E R M T R E A S U R Y A N D C O R P O R A T E B O N D S
s>
Monthly Series v
1958
1959
I960
1961
1962
1963
1964
§1965
1966
1967
1968
ON
CO
>
>
O
W
t-1
O
c»
o
t-*
o
z
o
•
W
2
Cd
O
2
a
tz>
Office of the Secretary of the Treasury
F-676-B
<1
CO
Treasury Bulletin
74
INTERNATIONAL FINANCIAL STATISTICS
The tables in this section are designed to provide data
dollars’
' of the Fund be excluded from the data on liabilities
on United States reserve assets and liabilities and other
to foreigners, in order to avoid double counting.
statistics related to the United States balance of payments and
explanation of this change in the liabilities statistics, see
international financial position.
headnote to "Capital Movements" section.
A number of changes were
introduced in the May 1967 Bulletin to increase the usefulness
of this section.
For further
Table 3 (formerly Table 5 ), presenting an area breakdown
of United States liquid liabilities to official institutions
Table 1 has been revised to include in the reserve assets
of foreign countries, has been revised to include holdings of
of the United States its reserve position in the International
convertible nonmarketable United States Government securities
Monetary Fund.
with an original maturity of more than one year.
In accordance with Fund policies the United
States has the right to draw foreign currencies equivalent to
this amount virtually automatically if needed.
(Under appro
priate conditions the United States could draw additional
Table 4 (formerly Table 2) is virtually unchanged and
shows United States Treasury nonmarketable bonds and notes
issued to official institutions of foreign countries.
amounts equal to the United States quota of $5,160 million.)
Table 5 sets forth the factors which affect the United
This revised presentation corresponds to the treatment of
United States monetary reserves in the United States balance of
States position in the International Monetary Fund.
payments accounts.
Table 6 (formerly Table 3) presents United States net
Table 2 brings together the various statistical components
monetary gold transactions with foreign countries and inter
of the liabilities which enter into the United States balance
national and regional organizations.
of payments calculated on the liquidity basis.
which presented the estimated gold reserves and dollar holdings
The inclusion
The former Table 4,
of the United States reserve position in the International
of foreign countries and international institutions, was
Monetary Fund in Table. 1 requires that the nholdings of
discontinued in the May 1967 Bulletin.
Table
1. - U . S . R e s e r v e A s s e t s :
Gold
Stock, H o l d i n g s of Convertible F o r e i g n Currencies,
a n d Reserve Position in the International M o n e t a r y
F u n d
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
Convertible
foreign
currencies
u
Reserve
position in
International
Monetary Fund
V
Total
reserve
assets
Total
u
1957................................
1958................................
1959................................
I960................................
196 1................................
1962................................
1963.................................
1964................................
1 96 5................................
1966.................................
1967.................................
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 V
13,235
12,065
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 y
13,159
11,982
1967-February......................
March..........................
13,998
13,855
13,906
13,943
14,274
13,161
13,184
13,234
13,214
13,169
13,107
13,107
13,109
13,109
13,110
480
314
31$
363
738
357
357
357
366
367
13,136
13,075
13,077
13,039
12,965
12,065
13,108
13,008
13,006
12,905
12,908
11,982
719
1,162
1,200
1,509
2,092
2,345
369
368
372
379
381
D ecember.......................
14,224
14,605
14,649
14,927
15,438
14,830
February.......................
14,620
14,790
12,003
11,900
11,984
11,882
2,176
2,235
441
655
M ay............................
J u n e ...........................
August.........................
September.....................
October........................
1/
2/
2/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table 2,
Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See "Account
of the Treasurer of the United States," Table 4.
Includes holdings of Treasury and Federal Reserve System.
Treasury
lj
y
_
-
116
99
212
432
781
1,321
2,345
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 y
326
420
420
In accordance with Fund policies the United States has the right to
draw foreign currencies equivalent to its reserve position in the
Fund virtually automatically if needed. Under appropriate conditions
the United States could draw additional amounts equal to the United
States quota. See Table 5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
March 1968
75
INTERNATIONAL FINANCIAL S TA TIST IC S___
Table
2. - U . S .
L i q u i d Liabilities to
Foreigners
(in millions of dollars)
End of
calendar year
or month
Total
liquid
liabil
ities
to all
for
eigners
Liabilities to International
Monetary Fund arising from
gold transactions
Total
1957...................
1 958...................
1959...................
200
15,825 Z /
16,845 1/
200
19,428
500
800
fe0,994
I960 8/
800
(21,027
800
&2, 8 5 3
1961 8/
800
£2,936
800
j24,068
1QA9 ft/
{24,068
800
f26,36l
800
i q A q ft/
800
126,322
800
(28,951
IQ
IV Ay
04 5ft/
/ ................
800
[29,002
1 9 6 5...................
29,115
834
1,011
1966 8 / ................ f29,904
1,011
(29,779r
1967p..................
"1
y%ywV\VNvi & /
1967-January..........
February.........
M a r c h ............
April............
M a y ...............
July.............
August...........
September........
October..........
November.........
December p ......
Gold
deposit
1/
.
-
Gold
invest
ment
2/
200
200
Liabilities to foreign countries
Official institutions 2/
Total
Short
term
liabil
ities
reported
by
banks in
U.S.
34
211
211
800
800
800
800
800
800
800
800
800
800
800
800
800
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
12,748
12,714
14,387
14,353
15,428
15,424
15,372
13,600
13,655r
7,917
8,665
9,154
10,212
10,212
10,940
10,940
11,997
11,963
12,467
12,467
13,224
13,220
13,066
12,484
12,539r
-
-
500
Market
able
U.S.
Gov't.
bonds
and
notes
u
n.a.
n.a.
966
866
876
890
890
751
751
1,217
1,183
1,125
1,125
1,105
860
860
Non
market
able
convert
ible U.S.
Treasury
bonds
and
notes
_
Banks and other foreigners
Liabilities to nonmonetary
international and regional
organizations 5/
Short
term
liabil
ities
reported
by
banks in
U.S.
Short
term
liabil
ities
reported
by
banks in
U.S. 6/
Market
able
U.S.
G o v 't .
bonds
and
notes
U
54 2
552
530
750
750
703
704
1,250
1,284
808
808
818
818
679
581
580r
n.a.
n.a.
660
775
791
1,245
1,245
911
911
1,152
1,157
904
904
752
325
325
Total
Market
able
U.S.
Gov't.
bonds
and
notes
V
703
703
1,079
1,079
1,201
256
256
n.a.
n.a.
7,618
7,591
7,598
8,275
8,357
8,359
8,359
9,214
9,204
11,001
11,056
11,478
14,387
14,208
5,724
5,950
7,077
7,048
7,048
7,759
7,841
7,911
7,911
8,863
8,863
10,625
10,680
11,006
13,859
13,680
n.a.
n.a.
541
543
550
516
516
448
448
351
341
376
376
472
528
528
-
-
-
Total
n.a.
n.a.
1,190
1,525
1,541
1,948
1,949
2,161
2,195
1,960
1,965
1,722
1,722
1,431
906
905r
33,302
1,033
233
800
15,705
14,086
908
711
15,867
15,309
558
697
493
204
£9,904
\29,779r
1,011
1,011
211
211
800
800
13,600
13,655r
12,484
12,539r
860
860
256
256
14,387
14,208
13,859
13,680
528
528
906
905r
581
580r
325
325
1,012
28,962r
28,915r
1,013
28,990r ' 1,028
1,030
29,379r
1,030
29,6l2r
29,632r
1,033
212
213
228
230
230
233
800
800
800
800
800
800
13,336r
13,353r
13,558r
14 ,102r
14,380r
14,099r
12,148r
12,l60r
12,365r
12,873r
13,115r
12,808r
860
865
865
901
917
917
328
328
328
328
348
374
13,658
13,694r
13,535r
13,385r
13,36lr
13,708r
13,130
13,l64r
13,005r
12,856r
12,832r
13,170r
528
530
530
529
529
538
956r
855
869r
862r
841
792
652r
608
637r
629r
607
562
304
247
232
233
234
230
30,089r
30,835r
31,2l8r
32,430
33,815
33,302
233
233
233
233
233
233
800
800
800
800
800
800
14 ,l6 lr
14,074r
14,381
14,910
15,960
15,705
12,870r
12,714r
12,971
13,398
14,341
14,086
917
911
911
911
908
908
374
449
499
601
711
711
14,059r
14,943r
15,068
15,766r
16,070
15,867
13,5l8r
14,395r
14,516
15,205r
15,523
15,309
541
548
552
561
547
558
836
785r
736r
721r
752
697
609
578r
528r
514r
548
493
227
207
208
207
204
204
1,033
1,033
1,033
1,033
1,033
1,033
Note: Table is based on Treasury Department data and on data reported to
the Treasury Department by banks and brokers in the United States.
Data correspond to statistics following in this section and in the
’
’
Capital Movements” section, except for minor rounding differences.
Table excludes International Monetary Fund "holdings of dollars," and
holdings of U.S. Treasury letters of credit and nonnegotiable, noninterest-bearing special U.S. notes held by other international and
regional organizations. The liabilities figures are used by the
Department of Commerce in the statistics measuring the balance of
international payments of the United States on the liquidity b asis;
however, the balance-of-payments statistics include certain adjustments
to Treasury data prior to 1963 and some rounding differences, and may
differ because of varying timing in incorporating revisions of Treas
ury data. The table does not include certain nonliquid liabilities to
foreign official institutions which enter into the calculation of the
official reserve transactions balance by the Department of Commerce.
l/ Represents liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases
for the purpose of making gold subscriptions to the Fund under quota
increases.
2/ U.S. Government obligations at cost value and funds awaiting invest
ment obtained from proceeds of sales of gold by the International
Monetary Fund to the United States to acquire income-earning assets.
2/
lj
%/
y
7/
8/
.a.
Upon termination of investment, the same quantity of gold can be
reacquired by the International Monetary Fund.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; breakdown
of transactions by type of holder estimated 1960-1963. Includes
securities issued by corporations and other agencies of the United
States Government, which are guaranteed by the United States.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank.
Includes difference between cost value and face value of securities in
IMF gold investment account. Liabilities data reported to the Treasury
include the face value of these securities, but in this table the cost
value of the securities is included under "Gold investment." The
difference, which amounted to $32 million as of the end of 1966, is
included in this column.
Includes total foreign holdings of U.S. Government bonds and notes, for
which breakdown by type of holder is not available.
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in cover
age to those shown for the preceding date; figures on the second line
are comparable to those shown for the following date.
Not available.
p
Preliminary.
Revised.
Treasury Bulletin
76
.IN TERN ATION AL FINANCIAL STA TISTIC S.
T a b le 3. - U .S. L iquid L ia b ilitie s to O ffic ia l In stitu tion s o f F oreign C ou n tries, by Area 1/
(in millions of dollars)
End of
calendar year
or month
Total
foreign
countries
Latin
American
Republics
Other
countries
2/
Western
Europe
2/
Canada
14,353
15,424
15,372
8,445
9,220
8,608
1,789
1,608
1,528
1,058
1,238
1,497
2,731
3,020
3,300
154
160
194
176
178
245
13,600
. 13,655r
15.705
7.488
7.488
9.873
1.189
1.189
996
1.134
1.134
1,138
3.284
3,339r
3.199
277
277
238
228
228
261
1966-December L j .
13,600
13,655r
7.488
7.488
1.189
1.189
1.134
1.134
3.284
3,339r
277
277
228
228
1967-Januar------y
February....
M a r c h ......
April ......
M a y .........
June........
13,336r
13,353r
13,558r
14,102r
14,3S0r
14,099r
7,236
7,285
7,490r
7,829r
8 ,014r
8,213r
1,186
1,134
1,127
1,156
1,154
909
1,139
1,167
1,455
1,508
1,290
3,259r
3,270r
3,208r
3,148r
3,183r
3,157r
276
255
259
284
284
270
July........
August.....
September...
October....
November....
December p . .
1 4 ,l6lr
8,297r
8,357r
8,649
9,065
10,257
9.873
909
912
903
968
901
996
1,317
1,189
1,186
1,222
1,270
1,138
3,I60r
3,122r
3,172r
3,170r
3,'053
3.199
246
253r
224r
228r
224
238
196 3
196 4
196 5
1966 l j .........
1967p...........
1/
2/
3/
14,074r
14,381
14,910
15,960
15.705
Data represent short-term liabilities to the official institutions of
foreign countries, as reported by banks in the United States, and foreign
official holdings of marketable and convertible nonmarketable U. S.
Government securities with an original maturity of more than one year.
Includes Bank for International Settlements and European Fund.
Includes countries in Oceania and Eastern Europe, and Western European
T a b l e
4.
Issued
- N o n m a r k e t a b l e
to
Official
U.S.
Asia
1,246
240r
242r
228r
230r
237r
260
232
241r
247
257
255
261
dependencies in Latin America.
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,
Preliminary.
r
Revised.
Lj
p
T r e a s u r y B o n d s
Institutions
of
Foreign
an d
No t e s
Countries
(in millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar year
or month
196 2....................
196 3....................
196 4....................
196 5....................
1966....................
196 7....................
Payable in foreign currencies
Total
Total
251
893
1,440
1,692
695
1,563
_
163
354
484
353
516
Canada
y
125
329
299
144
314
Italy
2/
Sweden
-
_
13
25
25
25
25
25
-
160
I 84
177
Total
251
730
1,086
1,208
342
1,047
Austria
Belgium
Germany
_
_
_
50
50
101
25
50
30
30
30
30
60
275
679
602
50
601
Italy
200
200
-
125
125
125
Switzer
land
51
175
257
257
111
211
Bank for
Inter
national
Settle
ments
_
_
70
93
_
'
1967-February..........
M a r c h .............
April.............
M a y ................
June...............
767
766
766
784
809
353
352
352
349
349
144
144
144
144
144
184
183
183
180
180
25
25
25
25
25
414
414
414
434
460
25
25
25
25
25
July...............
September.........
October...........
November..........
December..........
934
1,007
1,257
1,483
1,563
1,563
349
347
546
546
516
516
144
144
344
344
314
314
180
178
178
178
177
177
25
25
25
25
25
25
585
660
710
937
1,047
1,047
25
50
50
50
50
50
1968-January...........
February ..........
1,484
1,479
312
307
114
114
173
168
25
25
1,172
1,172
50
50
Note: For further information, see "Public Debt Operations," Tables 9
and 10.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $174 million,
2/
101
101
101
151
151
125
125
125
125
125
133
133
133
133
159
60
60
276
326
376
551
601
601
125
125
125
125
125
125
159
159
159
211
211
211
60
60
726
726
125
125
211
211
30
30
30
-
_
_
_
_
_
_
_
_
_
_
_
_
-
November 1965 through October 1966; $144 million, November 1966 through
October 1967; and $114 million, November 1967 through latest date.
Bonds issued to the Government of Italy in connection with military
purchases in the United States.
March 1968
77
_____ INTERNATIONAL FINANCIAL ST A T IST IC S _________
Table
5. - U . S . P o s i t i o n i n t h e
International Monetary
F u n d
(in millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
other countries
with IMF
U .S. transactions with IMF
Calendar year
or month
1 946-57.......................
195 8 ...........................
19 5 9 ...........................
I9 6 0 ...........................
1 9 6 1 ...........................
196 2 ...........................
196 3 ...........................
19 6 4 ...........................
196 5 ...........................
196 6 ...........................
1967...........................
1967-February.................
March....................
Apr i l....................
M a y ......................
June.....................
July.....................
A ugust...................
September...............
O ctober ..................
November.................
December.................
19 68-January..................
February.................
Payments
of
subscrip
tions in
dollars
2,063
_
1,031
_
_
-
_
776
-
_
_
_
-
Net
gold
sales
b y IMF
1/
594 u
_
_
_
150
_
_
“
_
_
_
_
-
Drawings
of
foreign
curren
cies 2/
IMF net
income
in
dollars
_
_
_
-
525
435
680
-
_
_
_
_
-
IMF holdings
of dollars at
end of period
Drawings
of
dollars
Repay
ments
In
dollars
-45
-2
2
11
16
17
16
18
12
15
20
- 2,664
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
827
271
442
580
521
719
207
5
1
-
3
1
_
4
2
-10
-2
_
-13
-3
1
2
-1
3
2
-
-3
-1
-3
-10
-4
-39
3
2
-24
-216
Note: The initial U.S. quota in t h e .International Monetary Fund was $2,750
million. The U.S. quota was increased to $4,125 million in 1959, and to
$5,160 million in February 1966. Under the Articles of Agreement,
subscription payments equal to the quota have been made 25 percent in
gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposit or gold investment (see Table 2).
2/ Represents purchases from the Fund of currencies of other members for
equivalent amounts of dollars. The United States has a commitment to
repay drawings within 3-5 years, but only to the extent that the Fund's
holdings of dollars exceed 75 percent of the U.S. quota. Drawings of
dollars by other countries reduce the U.S. commitment to repay by an
equivalent amount.
2/
lj
£/
_
-
Total
change
Amount
Percent
of
U. S.
quota
28
29
52
u. S.
reserve
position
in IMF
at end of
period
3/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 5/
326
165
1,313
-94
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
59
74
75
81
85
94
92
-7
-1
-9
-1
4,804
4,803
4,803
4,794
4,793
93
93
93
93
93
-2
1
-4
-7
-2
-39
4,791
4,792
4,788
4,781
4,779
4,740
93
93
93
93
93
92
369
368
372
379
381
-21
-214
4,719
4,505
91
87
441
655
775
17
1,336
442
-135
626
29
266
62
4 20
357
357
357
366
367
420
Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund's holdings of dollars), which is
the amount that the United States could draw in foreign currencies
virtually automatically if needed. Under appropriate conditions, the
United States could draw additional amounts equal to the United States
quota.
Represents $600 million IMF gold sale to United States (1957), less
$6 million gold purchase by IMF from another member with U.S. dollars
(1948).
Includes $259 million gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
Treasury Bulletin
78
INTERNATIONAL FINANCIAL STATISTICS
T a b l e 6. - U . S . N e t M o n e t a r y G o l d T r a n s a c t i o n s
with Foreign Countries
and
International a n d R e g i o n a l Organizations
(in millions of dollars at $35 per fine troy ounce; negative figures represent net sales by the United States; positive figures, net acquisitions)
Calendar year
Area and country
Western Europe:
1963
G reece...........................................
Bank for International Settlements...........
Total Western E u r o p e...........................
Canada..................................... .
Oct .Dec.
1967
1967
Jan.Mar.
A p r .June
JulySept.
Oct.Dec.
1965
1966
-25
-13
-601
-1
-60
-2
-12
80
-23
19
-85
-30
*
-879
-5
-1
-60
-10
-20
-1
-17
3
-1
-30
21
-34
-1
20
-77
-1
-1
-85
-5
-771
-2
-518
-130
2
329
-1
-405
-225
200
-60
-32
-81
1
618
-9
-100
-83
-884
-80
-35
-180
-50
-37
150
-
-399
-88
-1,299
-659
-980
-92
-15
-44
-58
-863
_
_
_
200
150
_
_
50
_
100
-30
72
-4
-11
54
10
-
25
29
-
-39
-3
7
10
-11
*
*
10
-
-
*•
*
■
*
_
15
*
*
_
-
-1
-1
*
-10
35
-82
-
D enmark..........................................
1964
1966
-
-55
-40
-
Latin American Republics:
-
*
■
*
*
-10
10
-
-
-
-
-
-
-
-
_
_
-9
-25
-13
-
4
-16
-14
-2
-2
-2
-4
*
-*
_
_
_
_
-6
Total Latin American Republics................
32
56
17
-41
9
-3
-3
12
6
-6
Asia:
J apan............................................
Other............................................
12
-
-
-44
10
-
-
-24
-56
-30
-
3
-20
-1
-1
-22
Total A s i a ......................................
12
3
-24
-86
-44
10
-20
-1
-1
-22
Africa:
Total A f r i c a ....................................
-36
-10
-8
-19
-157
-*
-1
-6
-1
-150
Other countries:
Total other countries..........................
-
3
-8
-3
-9
-
3
*
-
-12
Total foreign countries..........................
-392
-36
-1,322
-608
-1,031
-86
-36
12
-53
-953
International and regional organizations.......
-
-
-392
-36
B r a z i l ...........................................
Colombia.........................................
M e x i c o ...........................................
P e r u .............................................
V enezuela.......................................
O ther............................................
Grand to t a l.......................................
1/
Reflects the United States payment of the $259 million increase in
its gold subscription to the International Monetary Fund less gold
deposited b y the International Monetary Fund.
-225 1/
177 2/
-431
-1, 547
2/
*
-
22 2/f
-1,009
-
16 2/
-86
-20
5 2/
17
_
10
* 2/
-53
Represents gold deposited by the International Monetary Fund;
see Table 2, footnote 1.
Less than $500,000.
-953
March
79
1968
CAPITAL MOVEMENTS.
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935?
pursuant to Executive Order 656O of January 15, 193A? Execu
tive Order 10033 of February 8, 194-9, and Treasury regulations
promulgated thereunder. Information on the principal types of
data and the principal countries is published monthly in the
"Treasury Bulletin." Reports by banks, bankers, securities
brokers and dealers, and nonbanking business concerns in the
United States are made initially to the Federal Reserve Banks,
which forward consolidated figures to the Treasury. These
statistics are consolidated by the Treasury and published as
promptly as possible.
The reporting forms and instructions used in the collec
tion of the statistics have been revised a number of times.
The most recent general revision became effective with reports
covering data as of May 31, 1963.1/ A detailed description
of the content of the statistics, including the changes insti
tuted in 1963, appeared in the July 1963 issue of the "Treasury
Bulletin," pages 79-81. As a result of changes in presentation
introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domi
ciled. 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
the classification "International," "European regional,"
"Latin American regional," or "Asian regional," as appropriate,
except for*the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less, without
deduction of any offsets. "Long-term" refers to obligations
having an original maturity of more than one year, and in
cludes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
countries. The data reported to and published by the Treasury
Department exclude entirely the intercompany capital trans
actions of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies; such transactions are reported by
business firms to the Department of Commerce. Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports. Certain capital trans
actions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports. Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
The liabilities data exclude U.S. Treasury letters of
credit, and nonnegotiable, noninterest-bearing special notes
of the United States held by the Inter-American Development
Bank and the International Development Association.
Beginning with the May 1967 Bulletin, data on short-term
liabilities to foreigners have been revised to exclude the
holdings of dollars of the International Monetary Fund derived
from payments of the United States subscription and from the
exchange transactions and other operations of the Fund.
(Liabilities representing the "gold investment" of the Fund
continue to be included.) This change in the treatment of the
Fund’
s "holdings of dollars" is related to the revision of the
table on United States monetary reserve assets (see "Inter
national Financial Statistics" section, Table l) to include the
United States reserve position in the International Monetary
Fund.
The Fund's "holdings of dollars" do not represent United
States liabilities to foreigners in the same sense as do other
reported liabilities to foreigners. They are more accurately
viewed as contingent liabilities, since they represent essen
tially the amount of dollars available for drawings from the
Fund by other member countries. Changes in these holdings
(arising from United States drawings and repayments of foreign
currencies, from drawings and repayments of dollars by other
countries, and from other dollar operations of the Fund) give
rise to equal and opposite changes in the United States gold
tranche position in the Fund, which in the absence of United
States lending to the Fund, is equal to the United States
reserve position. Since the reserve position is included in
United States reserve assets, it is necessary, in order to
avoid double-counting, to exclude the Fund’
s "holdings of
dollars" from United States liabilities to foreigners. This
revised presentation conforms to the treatment of these items
in the United States balance of payments and the international
investment position of the United States.
The data on securities transactions and on foreign
holdings of U.S. Government bonds and notes exclude non
marketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series (see "International Financial Statistics" section,
Table A ).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in three sections. Section I provides a
summary of the principal data by period; Section II presents
data by country and by period; and Section III shows detailed
breakdowns of the latest available preliminary data.
Beginning with the May 1967 Bulletin, publication of the
former Section I, Table 1, "Net Movements of Banking Funds
and Transactions in Long-Term Securities with Foreigners" was
discontinued. Due to numerous breaks in the statistical
series, the usefulness of this table had become increasingly
limited in recent years. Time series of the significant cate
gories of data reported on the Treasury Foreign Exchange Forms,
from which this table was derived, are available elsewhere in
this section.
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Balance oi Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
80
.CAPITAL MOVEM ENTS.
Section I - Summary by Periods
Table 1. - Banking Liabilities to and Claims on Foreigners 1/
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners 2/
End of
calendar year
or month
194
194
194
194
194
195
195
195
195
195
195
195
195
195
195
196
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
Total
short
term
liabil
ities 2/
Payable in dollars
Foreign countries
Official
insti
tutions
4.179.0
y
3.043.7
1.831.9
2.836.3
2.907.7
y
3.615.5
2,064 ,0
3.547.6
2.528
4.654.2
2,569
5.666.9
2.529
6.770.1
2.530
6.952.8
2,943
8.045.4 y 3,362
7.916.6 i/3,413
8 ,664 •9 ' 3,460
4,601,
9.154.3
10,212.3
4,704,
10,893.2
5,299
5,380.
10.893.3
5,251.
11.915.3
5,713.
12,436.9
196 3
6.883.1
6.475.3
5.519.3
6,326.6
6.329.3
7.340.2
7.977.8
9.257.9
10,265.6
11.353.9
11.894.9
13.796.8
14.383.3
15.366.8
17.261.2
18.701.4
20.015.2
20,097.5
21.958.0
22.877.1
1964 2/ 10/....
25,517.8 2/ 13,220.3
1965 1 1 / .......
25.550.7
13,065.9
1966 12/ _______
27.723.7
27,599.3r
.
.....
0
1961 ............
1961 6/ . . ......
1962 ...........
Foreign
banks
y,
K
Inter
national
Other
and
for
eigners regional 2/
2,678.
2,922.
2,972.
2,947.
3,001.
1,392.
1,513.
1,675.
1,779.
1,805.
1,783.
2,029.
2,252.
2,430.
2,398.
2,229.
2,355.
2,356,
2,564.
3,046.
Short-term claims on foreigners
Total
long- | Total
term
| shortliabil-| term
ities
claims
Payable
in
foreign
curren
cies
25.5
468.8
664.9
472.9
369.1
223.3
316.7
296.7
246.5
205.2
175.3
309.7
742.3
751.7
1.030.5
1.441.6
1.316.6
1,316.6
2,083.9
1,547.0
2/7,213.4 2/ 3,376. 39/1,618.0
7,359.7
3,587.2
1,478.6
11,967.5
12,022.5r
10,022.9
9.864.0
3,743.3
3.743.3
1,380.6
1,380.6
1 1 ,124.0
4.107.6
.9
1.4
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4
150.4
143.4
134.1
4.6
89.9 2/
1.0
.7
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
.8
7.5
2.2
2.2
7.3
60.4
310.2
59.3
513.5
2 L
U
1/
7/j
Payable in dollars
Loans to:
Official
insti
tutions
392.
708.
U,
948.
U,
1,018.
tJ
827.
u
898.
7 3.4
968.
86.1
1,048.
87.9
85.2
904.
1,386.
243.0
1,548.
160.9
176.6
1,945.
2,199.
241.9
400.7
2,542.
2,624.
350.9
3,614.
290.3'
4,762
328.5
4,820.
328.5
5,163.
358.9
186.0
5,974.
7,469
223.3
7,957.:2T 07 220.8
271.2
7,631.
___ Z _ L _____
7,734.511/ 271.2
Foreign
banks
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
954-9
1,373.6
1,402.5
1,565.9
1,567.1
Other
for
eigners
Other
claims
4/
245.0
290.5
490.6
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.8
1,121.6
1.076.7
1,098.2
1.837.8
2,531.1
y
y
y
104.2
109.8
131.7
109.8
142.0
235-6
330.4
303.0
427.5
460.1
482.1
617.6
622.4
641.8
773.9
1,054.6
1,149.8
1,130.4
1,132.0
2.573.9
2.652.9
3,429.4
4,158.8
4,559.6
4,190.2
4,272.2
Payable
in
foreign
curren
cies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
58573""
557.1
630.8
659.0
624.5
474.0
491.9
Total
long
term
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1.173.8
1,362.1
1,545.1
1,698.4
2.033.8
3,053:8.
2.160.4
3,029.8
3.971.4
4,284.7 10/
4,516.9
1967 p .........
30.688.3
13.934.5
1.293.1
609.4 7/
m i q -7,818.9
w T V 1,494-0*^3;^
229.1 7/ 2,458.9 8,592.0
306.3
1,739.3
1.739.3
1,602.6
1.239.3
5.018.4
425.4
3.895.6
1967-January...
February..
M a r c h ....
Ap r i l....
M a y .......
June.... .
26,729.6r
26,732.2r
26,807.3r
27,158.3r
27,353.6r
27,339.8r
11,704.lr
ll,7l6.1r
11,920.4r
12,392.lr
12,660.5r
12,379.8r
9,348.4
9.325.0
9,123.7r
9,008.3r
8 ,941.Or
9,277.2r
3.711.7
3.776.3
3.821.4
3.783.1
3.823.1
3.825.2
1.451.2
1,408.1
1.437.5
1.429.2
1.407.0
1,361.8
514.2
1,557.9] 7,692.5r
506.8
l,658.3r7,685.9r
504.3 7 / 1,865-3: 7,870.8r
545.7
1,985.8r7,957.3r
522.0
2,017.2 r 8 ,111.2r
495.8 7 / 2, 468 .8x8,261.4r
257.7
238.5
252.5
270.7
245.7
252.6
1.592.3
1,579-4
1.611.3
1,535.7
1.557.4
1,553.2
1.146.3
1,151.2
1,159.6
1.162.3
1 ,125.2
1,111.3r
4,326.9r
4,306.9r
4,424. 8r
4,567.9r
4,769.5r
4,944.5r
369.3
409.9
422.6
4.073.4
4,026.2
4,027.0
4.020.4
3,996.lr
3,839.Or
July......
August....
September.
October...
November..
December p
27,797. Or
28,487.4r
28,8l5.3r
29,917.4r
31,211.6
30.688.3
12 ,441. 3 r
12,360.lr
12,667.4r
13,196.2r
14,188.8
13.934.5
9, 632 .3 r
10 ,485 .7r
10,534.3
11 ,142.2
LI,371.3
LI,124.0
3.812.3
3.830.8
3.906.8
3.982.5
4.072.6
4.107.6
1.408.5
1.378.6
1.328.1
1.314.7
1,347.9
1,293.1
502.6
432.2
2,453.6|8,231.9r
2,518.5 r 8 ,281.9r
378.7 7/ 2,308.8|8,337.8r
281.7
2,278.418,267.5r
2,341.7 8.360.4
231.1
229.1 7/ 2.458.9 8,592.0
260.8r
286.9r
270.7r
269.5
263.8
306.3
1,482.8r
1,496.8r
l,594.6r
1,555.9
1,565.6
1,602.6
l,127.2r
l,134.1r
1,181.0
1,151.7r
1 ,204.0
1.239.3
4,946.2r
4,853.7r
4,869.8r
4,857.2r
4,916.9
5.018.4
415.0
510.4
30,826.1
13,607.8
LI,608.5
4 ,040.8
1,277.5
291.4 7/ 2.480.9 3.417.4
291.4
1.540.4
1.225.9
4,957.0
1968-January p.
l/ For exclusions see headnote on page 7 9 .
2/ Data exclude the "holdings of dollars" of the International Monetary
Fund. For explanation see headnote on page 79.
3/ Included with "Other foreigners."
lj Included with "Other claims."
5/ Beginning in August 1956 and also in April 1957, certain accounts
previously classified as "Foreign banks" are included with"0fficial
institutions."
6/ Differs from 1961 end of year data on the preceding line by inclusion
of liabilities and claims reported by a number of banks included in
the series beginning December 31, 1961.
7/ Includes reported liabilities to foreign official institutions begin
ning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $ 30 .1
million; end 1966, $516.5 million; end March 1967, $444-2 million; end
June 1967, $428.7 million; end September 1967, $303.6 million; end
December 1967, $151.8 million; end January 1968, $217.3 million.
8/ Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million. Also includes
claims amounting to $193.2 million reported by banks for the first
time as of December 31, 1963, representing in part claims previously
held by banks but not reported.
2/ Short-term liabilities include a net increase of $50.8 million arising
10/
11/
12/
p
r
256.5
256.5
1-1143.3
1.144.9
4,260.1 419.8
4,292.6r 420.2
420.8
413.4
399.7
4.179.7
425.4
3,843.lr
3,893.9r
3,909.3r
3,979.Or
3.960.8
3.895.6
402.6
3.833.7
421.8
433.2
410.0
from changes in reporting coverage, distributed as follows:- "Official
institutions" -$4.0 million, "Foreign banks" +$60.3 million, "Other
foreigners" +$22.5 million, and "Payable in foreign currencies"
-$27.9 million.
Data on claims below the line differ from claims above the line be
cause of the exclusion as of December 31, 1964 of $58.1 million of
short-term U.S. Government claims previously included; and'because
of the addition of $545-9 million of short-term claims and $313-3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31, 1964, and from
revisions of preliminary figures.
Data on claims below the line differ from claims above the line be
cause of the addition cf short-term claims held in custody for
domestic customers but reported by banks for the first time beginning
December 31, 1965, and short-term claims•reported by banks reporting
for the first time.
Data on liabilities and claims below the line differ from data above the
line because of changes in reporting coverage and classification effec
tive December 31, 1966, and because of revisions of reported data
beginning December 31, 1966.
Preliminary,
Revised.
March
1968
81
__________________________CAPITAL M OVEM ENTS_____________________________
Section I - S u m m a r y
by Periods
T a b l e 2. - P u r c h a s e s a n d S a l e s o f L o n g - T e r m D o m e s t i c S e c u r i t i e s b y F o r e i g n e r s
ll
(in millions of dollars; negative figures indicate a net outflow of capital from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Net purchases
Calendar year or month
Purchases
Sales
Total
1946............. .....
1947 .......... .-------1948....................
194 9........ ...........
195 0.......... ....... .•
1951...................
1952.............. ....
1 9 5 3 ............ ....
1954 .............. ....
1955.............. ....
1 9 5 6 ............ .
1957...................
1958......... .........
1959............. ... .
I 960 ...................
1961 .................
1962 ............ ......
1 9 6 3 ......... .......
1964................
19 6 5 ............. .....
1966 ...................
1967p ...................
414-5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
.1,867.1
1,149.4
1,077.2
680.2
585.5
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1 ,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
1,296.0
628.9
Foreign countries Interna
tional
and
Official
Other
regional
-269.7
61.5
-47.9
96.4
942.1-683.0
302.3
-82.0
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
- 20.0
- 206.6
369.1
8.2
126.6
512.2
.1
.8
_
8.6
-3.3
3.4
-3.3
- 19.8
.2
.2
-3.5
-.1
252.8
6.5
.7
225.2
-19.3
4.9
8.6
-19.9
10.2
- 6.0
221.6
-178.1
-191.4
1/
2/
442.4
316.9
307.7
255.7
460.7
675.0
1,577.9
2 ,236.1
-.3
11.5
59.0
16.6
7.7
71.2
8.8
43.5
368.8
16.2
11.7
39.7
21.5
16.2:
51.3
19.0
1968-January p ......
289.7
324.7
287.1
310.2
361.4
-.9
July... ......... .
August......... .
September........
October........
November-.....
December p . .......
.1
120.0
200.1
212.8
.6
84.4
209.3
29,5
-20.9
-49.9
- 14.8
35.4
16 .6,
5.4
2/
2/
1/
2/
107.7
36.1
95.1
56.4
29.6
91.1
65.3
48.9
192.7
24.1
32.0
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
-315.2
-151.2
-427.0
-121.4
-58.7
- 19.6
-245.2
48.4
_
5.0
^1967-January....-----F ebruary.........
Ma r c h ............
April............
M a y ........... ... .
June.. . .... ......
1 1 .1
41.2
50.6
Purchases
_
-269.7
-13.0
-55.4
9.4
529.0
-135.0
- 52.1
36.3
688.9
-728.0
670.9
-337.7
-75.8
-615.8
-43.4
Bonds 2/
35.2
-
-x-2.6
-
For exclusions see headnote on page 79.
Through 1949, includes transactions in corporate bonds.
•4
2 .1
.1
4.8
8.4
-13.8
10 .3'
12.7
130.0
-21.3
-57.0
-14.4
97.8
141.1
127.8
282.9
226.5
Sales
2/
2/
2/
2/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
246.4
284.4
636.7
541.9
1,924.7
80.0
47.6
75.7
57.1
141.7
185.1
137.3
146.7
159.4
217.8
325.9
187.9 ■ 433.6
126.2
307.7
177.8
94-4
r
128.7
Stocks
Net
purchases
2/
2/
2/
2/
- .6
- 21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
9.3
176.3
38.3
1 ,036.0
311.4
50.1
50.1
Purchases
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1 ,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2 ,260.2
2,724.0
3,076.2
3,719.9
4,740.5
7,969.0
65.3
70.7
441.3
481.5
634-0
571.8
141.2
632.6
41-4
699.7
115.5
12.7
108.1
-245.8
-181.5
83.4
690.0
96.4
Sales
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2 ,744.6
2,149.1
2,526.5
3,425.3
4,133.2
5,073.8
7,223.9
446.9
509.2
647.81
505.5
618.3
635.8
Net
purchases
- 64 .5
-150.6
-144.3
- 21.2
2.9
120.3
1 .0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
1 1 1.1
197.5
-349.1
-413.3
-333.3
745.2
-5-6
-27.6
-13. 8r
66.3
14.3
63.9
717.2
782.8r
772.3
721.8
824.0
602.8
646.0
640.1
714-2
577.6
679.7
87.2
71.2
142 .7r
58.1
144.2
144.3
862.3
704.4
157.9
Net
purchases
of
domestic
securities
-334.2
-89.1
- 192.2
75.2
944-4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
- 668.2
877.8
-510.5
-450.8
86.9
1,012.9
23.6
-27.4
36. 8r
172.4
172.1
110.7
202.8
64-6
255.7r
-179.1
-57.2
237.9
76.3
Through 1949, included with transactions in U.S. Government bonds
and notes.
p
Preliminary.
*
Less than $50,000.
Revised.
Treasury Bulletin
82
________________________ CAPITAL M OVEM ENTS__________________________
Section I - S u m m a r y b y Periods
T a b l e 3. - P u r c h a s e s a n d
Sales of L o n g - T e r m F o r e i g n Securities b y Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign stocks
Foreign bonds
Calendar year or month
Purchases
Sales
Net
purchases
1 9 4 6 ..........................
194-7..........................
1948.................... .
1 9 4 9 ..........................
1 95 0 ..........................
1951..........................
1952..........................
1953..........................
1954-.... •.....................
1 95 5 ..........................
1956..........................
1957..........................
1 958................. ........
195 9 .........................
I96 0..........................
1961..........................
1962 ..........................
1963..........................
1964..........................
1965......... ................
1966 ..........................
1967p.........................
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
914.8
1 ,198.1
1,778.3
2 ,025.8
490.4
634-3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
2,086.0
1,843.1
2,440.1
2,692.5
3 ,184.6
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1 ,026.1
-512.0
-562.1
-46O .4
-944.0
-1,095.4
-928.3
-1,242.1
-914.2
-1,158.9
1967-January.................
February................
March...................
A pril...................
M a y .....................
June....................
1 12 .1
98.5
214.9
154.3
127.1
247.9
264.3
167.6
J uly.....................
August..................
September...............
October.................
November................
December p .............
144.5
146.7
350.2
195.2
111.9
122.5
1968-January p ...............
85.0
p
Preliminary.
r
Revised.
Purchases
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
695.6
748.4
906.2
960.2
879.3
Sales
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
548.2
731.4
1,038.3
-159:1
67.6
67.1
80.8
77.5
74.9
93.3
69. Or
106.0
266.4
- 169.2
-78.4
-131.3
-127.9r
- 30.0
-143.9
261.1
-176.1
68.1
79.3
313.8
225.1
481,4
323 .'lr
141.9
51.2
200.3
289.5
70.9
65.7
75.2
67.3
67.8
71.2
258.9
168.2
309. lr
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-8 2.6
-370.0
-103.9
616.6
- 152.2
- 69.2
-49.9
- 104.6
-41.2
- 61 .lr
264.8
Net
purchases
62.9
55.2
68.0
55.5
65.3
95.0
124.6
91.1
89.4
156.3
228.8
8.0
10.5
7.3
11.8
2.5
- 23.8
-1.4r
-39.0
-43.8
-13.7
-14.5
- 63.0
- 1 1 .1
Total
purchases
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
1 ,686.1
1,663.2
2 ,104.2
2,738.5
2,905.3
183.0
164.2
290.1
221.7
194-9
319.1
Total
sales
556.1
676.8
388.2
382.3
9 0 8 .4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2 ,014.0
2,718.8
2,261.5
2,036.7
2,228.0
2,843.2
2,730.3
2,391.3
3,056.7
3,423.8
4,223.0
327.2
222.8
332.8
314.4
233.5
404.lr
Net purchases
of foreign
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-1,047.9
-1,044.2
-728.1
-952.5
-685.3
1,317.7
-144.2
-58.7
-42.7
-92.7
-38.6
- 84 .9r
382 .8r
431.0
272.7
186.9
215.8
331.2
606.0
414 .2r
231.3
422.7
-170.7r
-117.4
-175.0
- 141 .5r
-44.4
-206.9
153.1
340.3
-187.3
212.1
213.8
83
March 1968
.CAPITAL M OVEM ENTS
Section II - Summary by Countries
Table 1. - Short-Term Banking Liabilities to Foreigners 1/
(Position at end of period in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------r
1^68
1967
Calendar year
Country
1964 2/
Europe:
Austria........ ......
Belgium...............
D enmark..............
Finland..............
F rance................
Germany..............
Greece................
Italy.................
Netherlands..........
N orw a y ................
Portugal.............
Spain .................
Sweden................
Switzerland..........
T urkey................
United Kingdom.......
Yugoslavia...........
Other Western Europe.
U .S.S.R..............
Other Eastern Europe.
1965
1967 p
1966 3/
195.7
419.9
304-9
58.2
1,070.6
2,582.9
129.0
1,410.4
364.0
283-3
358.4
161.5
655.9
1,805.0
42.9
3,838.8
36.7
234.6
7.8
39.6
August
September
195.7
419.9
304.9
58.2
1.070.4
2.538.0
129.0
1.410.4
364.0
283.3
358.4
161.5
655.9
1.805.0
42.9
3,817.2
36.7
233.9
7.8
39.6
230.5
599.7
243.3
98.5
1,326.5
2.217.7
170.1
1.947.7
585.4
449.1
437.2
149.6
489.0
1.723.0
33.0
4.839.0
23.1
736.3
7.6
43.6
180.8
563.4
234.6
90.5
1,063.8
2,278.3
121.8
1,772.9
366.9
395.5
370.3
190.7
673.6
1,657.Or
23.4
4,318.7
25.2
580.8
4.4
35.2
188.0
584.9
241.7
102.3
1,048.5
2,294.2
147.6
1,908.1
October
November
December p January p
370.1
378.3
186.8
659.5
1,700.8
29.0
4,221.0
26.3
591.7
5.0
32.1
175.6
618.1
211.0
98.3
1,080.0
2,221.1
161.2
1,992.8
494.0
378.7
409.1
158.0
634.4
1,629.4
27.2
4,850.7
24.7
585.2
6.1
32.6
201.5
98.9
1,430.6
2,275.9
160.9
1,999.5
541.8
388.7
414.2
130.1
492.9
1,648.4
38.0
5,931.0
26.3
491.1
4.3
36.7
230.5
599.7
243.3
98.5
1,326.5
2,217.7
170.1
1,947.7
585.4
449.1
437.2
149.6
489.0
1,723.0
33.0
4,839.0
23.1
736.3
7.6
43.6
184.3
Total Europe.........
12.2.36.12/
11.627.2
13,932.6
16,349.9
14,947.7r
15,116.1
15,788.1
17,100.1
16,349.9
164.8
563.6
211.9
116.5
1,346.4
1,924.4
I64.8
1,895.7
526.4
367.0
437.2
137.4
512.2
1,535.7
39.0
5,322.2
41.9
852.4
6.9
31.4
16,197.7
Canada..................
2,983.92/
2,573.6
2,502.1
2,706.0
2,253.5r
2,328.7
2,688.3
2,613.4
2,706.0
3,097.3
606.3
215.7
224.1
165.6
8.6
695.8
158.6
250.3
137.6
705.8
521.5
219.4
121.1
16.7
580.6
262.8
222.3
151.0
9.9
689.0
164.0
250.5
131.2
777.8
514.8
233.6
123.1
18.5
593.8
272.6
230.4
157.6
8.8
706.8
181.0
263.6
136.7
791.8
520.1
235.9
110.6
20.2
485.1
236.7
252.4
169.0
8.7
723.9
170.0
274.4
146.8
794.5
519.6
232.6
112.1
21-. 5
430.9
276.8
250.7
155.7
8.9
725.9
162.9
280.6
143.5
852.6
511.6
275.6
108.1
17.6
4,046.9
4,129.1
4,229.9
4,147.4
4,201.5
35.9
194-5
233.2
59.4
148 .Or
2,522.8
192.9
272.9
229.2
662.7
804.7
34-9
209.5
249.9
39.1
148.7
2 ,462.4
203.3
286.1
221.2
628.7
802.3
35.1
184.2r
270.6r
229.5
685.4
774.8
36.2
187.0
243.0
47.2
142.3r
2,554.3
192.1
287.5
229.5
684.3
767.9
5,542.6
5,244.9r
5 ,371.2r
5,356.2 i
5,286.1
35.3
224.1
328.1
39.9
126.7
2,460.6
194.7
299.1
221.2
654.9
829.7
5,414.3
Latin America:
Argentina..........................
Brazil.............................
Chile..............................
Colombia...........................
Cuba...............................
Mexico.............................
Panama.............................
P e r u...............................
Uruguay............................
Venezuela.........................
Other Latin American Republics...
Bahamas and Bermuda..............
Netherlands Antilles and Surinam.
Other Latin America..............
Total Latin America.
Asia:
China Mainland......
Hong Kong ...........
India................
Indonesia...........
Israel...............
Japan................
Korea................
Philippines.........
Taiwan......*.......
Thailand............
Other A s i a ..........
250.4
397.7
304.9
107.7
997.1
1,428.9
150.6
1,620.2
339.2
322.5
321.9
183.3
646.9
1,368.7
34.2
2,713.5
36.3
369.0
4.3
30.0
432.0
383.4
219.3
214.2
9.6
702.6
119.9
257.2
137.1
738.1
519.2
165.1
113.1
16.7
417.8
299.1
261.5
178.4
8.1
631.7
149.7
249.2
160.8
707.1
522.2
176.8
417.8
299.1
261.5
178.4
8.1
631.7
149.7
249.2
160.8
707.1
522.2
176.8
485.1
236.7
252.4
169.0
8.7
723.9
170.0
274-4
103.8
103.8
16.8
112.1
21.5
609.2
196.2
228.9
135.4
8.6
704.4
157.0
256.7
128.4
725.4
519.7
209.4
116.2
23.9
3,563.32/
4,027.5
3,882.9
3,882.9
4,147.4
4,019.4
34-7
95.1
59.2
37.6
133.1
2,767.5
104.3
233.1
221.4
457.8
543.0
4,686.8^/
34-9
113.2
83.7
141.8
290.6
257.7
175.9
208.7
12.4
734.7
99.4
205.8
110.5
734-1
416.3
188.8
114.4
13.9
16.8
146.8
794-5
519.6
232.6
35.7
35.9
181.3
242.1
400.2
127.2
3,013.9
107.7
303.8
210.6
542.4
717.5
5,285.5
179.9
54-4
116.6
2,690.8
172.5
286.3
231.6
598.3
791.4
5,299.3
135.0
11.8
16.8
51.3
30.5
169.9
14.7
31.8
71.4
39.0
229.6
14.7
31.5
71.4
39.0
228.8
32.8
17.8
59.5
16.1
213.0
16.5
33.0
73.2
20.5
223.6r
13.7
37.5
54.7
17.5
205.2r
237.92/
280.3
386.6
385.4
339.3
366.9r
176.4
15.5
253.7
24.4
243.4
22.1
243.4
22.1
282.9
27.2
191.8
278.1
265.5
265.5
1,446.6
21.8
149.5
1,361.4
10.0
107.1
1,269.7
8.6
72.8
29.6
Total international and regional lj- 1,618.0
1,478.6
1,380.6
Total Asia.
A f rica:
Congo (Kinshasa).............
Morocco.......................
South Africa..................
United Arab Republic (Egypt).
Other Africa..................
Total Africa.
Other Countries:
Australia......
All other.....
Total other countries.
International and regional:
International l j ..........
European regional.........
Latin American regional...
Asian regional............
African regional..........
Grand total l j ......................
2/
1/
323.3
436.2
336.1
127.1
1,663.1
2,009.7
170.5
1.622.3
367.5
183.5
257.4
394.4
643.8
1.370.3
35.8
1.884.4
31.7
357.8
2.5
18.7
25.5
6.7
46.6
24 .O
30.6
25,517.82/ 25,550.7
50.2
148.lr
2 ,442.8
5,250.3r
:
214.6
354-4
34.0
139.7
2,567.1
190.9
291.4
227.1
630.3
857.9
5,542.6
213.0
328.6r
331. Sr
328.5
339.3
326.4
252.0
271.0
24.8
284.3
24.9
275.6
24.6
30.2
282.9
27.2
310.1
276.5
295-7
309.2
305.8
310.1
234.7
26.8
311.5
1,269.7
8.6
72.8
29.6
1,180.0
6.1
81.7
21.0
4.2
1,248.3
6.4
1 ,204.8
6.4
90.7
26.3
x
1,186.6
7.6
95.1
25.4
*
1,217.3
8.4
97.6
24.5
*
1,180.0
6.1
81.7
21.0
4.2
1,380.6
1,293.1
1,378.6
1,328.1
1,314.7
1,347.9
1,293-1
1,277.5
28,487.4r
28,815.3r
29,917.4i’ 31,211.6
30^688.3
30,326.1
27,723.7J/ 27,599.3r
For exclusions see headnote on page 79.
Grand total includes a net increase of $50.8 million arising from
changes in reporting coverage, distributed as follows: Total Europe
-$16.6 million, Canada +$0.8 million, Latin America +$26.1 million,
Asia +$49.0 million and Africa -$8.8 million.
Data in the first column are comparable in coverage and classification
30,688.3
lj
p
:
30.2
16.5
61.0
18.1
200.6
58.6
14.7
210.4r
32.2
32.8
17.8
59.5
16.1
:
13.0
25.6
63.1
17.4
209.4
87.8
35.0
1.0
16.0
605.0
.
i
1,173.8
:
6.6
77.5
19.5
.1
to data for previous date, and do not reflect changes in reporting
arrangements effective December 31, 1966. Data in the second column
reflect changes in reporting arrangements effective December 31, 1966.
Data exclude the "holdings of dollars" of the International Monetary
Fund. For explanation see headnote on page 79.
Preliminary.
*
Less than $50,000.
r
Revised.
Treasury Bulletin
84
____________ CAPITAL MOVEMENTS_____________
Section
II
- S u m m a r y
by
Countries
T a b l e 2. - S h o r t - T e r m B a n k i n g C l a i m s o n
F o r e i g n e r s 1/
(Position at end of period in millions of dollars)
Calendar year
1967
1968
Country
1965
Eur o p e :
Austria.............................
Belgium.............................
Denmark.............................
Finland.............................
F rance ..............................
G ermany.............................
Greece..............................
Italy...............................
Netherlands.........................
N o r w a y ..............................
Portugal............................
Spain.......... .....................
Sweden.................... ..........
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe...............
Other Eastern Europe...............
Canada.................................
Latin America:
Argentina...........................
Chile................................
Colombia............................
C uba.................................
M exico ..............................
Panama..............................
P e r u .................................
Uruguay.............................
Other Latin
Bahamas and
Netherlands
Other Latin
American R epublics....
Bermuda................
Antilles and Surinam..
America................
Total Latin America................
Asia:
China Mainland.....................
Hong Kong........... ...............
India...............................
Indonesia...........................
Israel..............................
Japan................................
Korea................................
Philippines.........................
8.5
52.3
37.4
87.1
72.2
190.2
13.2
110.2
38.3
51.4
25.5
50.1
51.9
73.0
42 .1
216.0
27.8
28.0
5.5
27.2
1966 2/
16.2
16.2
66.9
66.9
61.8
90.6
73.2
214.6
16.5
108.0
40.2
75.6
41.4
67.4
74.1
61.8
90.6
73.6
227.2
16.5
110 .5r
40.2
75.6
41.4
67.4
75.4
83.0
52.2
88.0
52.2
209.9
19.4
193.3r
19.4
39. 6r
36.6
2 .0
16.2
August
1967p
2 .0
16.2
16.6
65.9
37.1
78.2
87.6
176.0
19.1
58.4
34.7
15.6
23.7
65.1
37.0
92.6
74. lr
183.5
15.4
61.3
65.6
30.0
51.0
26.0
61.2
25.8
61.3
54.4
78.8
95.0
37.5
242.2
13.4
30.1
2.7
18.2
September
32.9
90.0
79. Or
189.1
18.2
57.3
35.8
51.6
26.1
68.0
119 .2r
46.8
320.8
53.4
65.1
110 .7r
49.0
288 .8r
21.7
28.4
22.6
.1
35.8
1.5
24.3
19.8
October
9.6
72.4
35.7
84.9
60.2r
198.5
20.5
79.2r
31.3
52.0
24.3
56.3
70.7
117.5r
34-2
241.7
19.3
32.6
.1
19.1
November
10.0
63.0
48.0
82.8
82.3
173.6
17.9
69.0
49.4
57.0
13.5
53.4
67.1
110.2
22.8
232.2
December p
16.6
65.9
37.1
78.2
87.6
176.0
19.1
58.4
34.7
61.2
25.8
54-4
78.8
95.0
37.5
242.2
January p
9.9
47.7
34.4
77.7
57.7
142.6
19.4
50.9
38.0
60.8
20.6
54.3
65.5
105.6
37.4
230.0
13.4
14.7
31.4
18.9
2.7
18.2
2.8
21.0
18.5
34.1
.1
30.1
1,207.6
1 ,366.0
1,374.Or
1,233.0
1 ,316 .lr
l,259.9r
1,223.9
1,233.0
1 ,122.2
669.3
620.0
611 .3 r
610.8
602.1
563 •6r
5 72. 4r
564.1
610.8
553-7
231.7
94.1
174-1
270.1
16.4
673.7
58.5
170.3
44.7
220.0
250.1
52.5
14.0
23.0
193.5
114.5
158.7
307.7
187.5
112.4
220.8
185.0
116.8
160.4
189.3
118.4
170.4
243.6
198.8
208.5
136.2
175.2
227.0
220.8
766.5
83.9
210.7
44-5
225.7
272.0
60.7
17.6
17.1
217.8
196.7
195.2
200.9
14.7
952.9
52.3
247.7
2,293.2
2,489.2
16.2
158.2
305.3
16.2
757.4
85 .2r
211.6
44-5
219.7
261.0
60.7
17.6
15.9
l,341.9r
173.4
179.1
217.5
16.1
16.2
16.2
959.5
46.5
942.8
61.9
244.0
60.2
943.5
60.3
231.2
45.1
210.8
257.9
57.8
15.3
18.8
124.5
171.7
227.3
16.2
929.4
53.0
235.8
43.2
210.9
266.4
48.7
9.0
18.8
241.9r
248.5
41.6
225.9
288.9
62.6
9.6
18.2
214.2
248.7
58.7
17.8
18.6
16.2
173.4
179.1
217.5
16.1
910.2
54.8
247.6
45.8
210.7
288.1
53.7
9.5
19.8
959.5
46.5
248.5
41.6
225.9
288.9
62.6
9.6
18.2
40.1
224.3
266.1
53.9
8.9
19.5
2,453.2r
2,708.4
2,587.2r
2,578.6
2,553.6
2 ,,603.4
2,708.4
2,691.0
.7
26.7
9.6
5.3
57.3
3,147.3
58.9
294.5
37.2
99.2
134.6
.7
34.5
10.8
4.9
68.7
2,864.3
46.4
299.0
23.3
88.1
119.1
.7
35.8
12.2
4-9
58.8
2,977.3
46.5
324.3
28.8
84-4
118.7
1.2
35.6
11.1
6.0
58.9
2,986.0
48.1
322.8
26.5
83.9
123 .6
1.6
28.5
11.1
5.6
58.1
3,061.7
45.8
326.4
31.1
90.2
.7
26.5
13.9
5.2
50.3
3,173.8
48.3
288.9
41.3
130.6
.7
26,7
9.6
5.3
57.3
3,147.3
58.9
294.5
37.2
99.2
134.6
Other As i a ..........................
1.2
28.9
17.3
1.8
86.0
2,768.0
21.6
229.6
14.5
82.1
107.5
16.5
5.9
98.4
2,502.5
30.7
220.1
14.1
81.0
134.1
.7
30.9
16.5
5.9
98.4
2,571.7
30.7
220.5
14.7
81.0
135.0
Total A s i a ..........................
3,358.4
3,134.8
3,206.0
3,871.2
3,559.9
3,692.4
3,703.8
3,790.8
3,871.2
3,879.2
United Arab Republic (Egypt)......
Other Africa........................
1.3
1.6
33.6
4 2 .6
60.0
.8
1.7
50.3
25.1
68.6
.8
1.7
50.3
25.1
68.6
1.1
2.1
36.5
10.9
50.5
.3
1.9
32.7
24.7
59.2
•3
2.5
34.6
18.3
59.6
.3
1.9
34-7
17.9
52.9
1.0
1.5
36.7
14.1
53.9
1.1
2.1
36.5
10.9
50.5
1.1
1.9
36.8
11.8
49.4
Africa:
Congo (Kinshasa)...................
M orocco.............................
.7
30.8
104.8
125.3
Total Africa........................
139.1
146.6
146.6
101.1
118.9
115.3
107.6
107.2
101.1
101.1
Other countries:
Australia...........................
All other...........................
52.0
14.8
51.9
9.8
51.9
9.8
54.3
13.0
58.5
12.5
58.5
13.0
57.1
12.7
58.0
13.1
54-3
13.0
57.5
12.6
Total other countries.............
66.8
61.7
61.7
67.3
71.1
71.5
69.8
71.1
67.3
70.1
International and regional..........
.2
Grand total...........................
7,734.5
1/
2/
.7
7,818.9 2/
.7
7,853.4r2/
.2
8,592.0
i
.8
8,281.9r
.4
8,337.8r
.5
8,267.5r
*
•2
.2
8,360.4.
8,592.0
8,417.4
Excludes convertible foreign currencies held by U.S. monetary authorarrangements effective December 31, 1966. Data in the second column
ities.
reflect changes in reporting arrangements effective December 31, 1966,
Data in the first column are comparable in coverage and classification
and revisions of reported data beginning December 31, 1966.
to data for previous date, and do not reflect changes in reporting
*
Less than $ 50 ,000 .
p
Preliminary.
r
Revised.
March 1968
85
_____________ CAPITAL M OVEM ENTS_____________
Section II - Summary by Countries
Table 3. - Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
1964
Eur o p e :
Austria.............................
Denmark.............................
Finland.............................
F rance..............................
Germany.............................
I taly...............................
Netherlands.........................
No r w a y ..............................
Portugal............................
Spain...............................
Sweden..............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Other Western Europe...............
Other Eastern Europe..............
Canada.................................
Latin America:
Argentina...........................
Cuba................................
Mexico..............................
P anama..............................
P e r u ................................
Uruguay.............................
134.9
86.5
56.8
66.1
66.3
159.5
50.3
382.7
15.2
274.8
82.4
73.1
109.1
37.3
.8
77.3
95.1
43.4
67.2
58.4
193.2r
84.0
342.1
7.3
221.9
90.2
72.4
93.4
37.5
2.0
86.0
27.6
12.4
103.6
73.2
10.5
67.5
28.7
74.5
42.9
129 .lr
97.9
199.6
5.0
187.6
70.5
63.9
79.5
58.4
1 .1
16.7
74.3
18.0
67.3
44.8
132.5r
91.4
122.5
2.8
60.1
126.0
47.3
42.0
31.9
16.4
11.0
1.8
69.5
1.5
55.9
12.5
1.5
51.0
8.6
150.3
65-5
55.8
40.8
14.3
73.6
16.5
67.1
47.2
79. 6r
89.3
107.4
1.9
141.8
66.1
63.2
48.6
1 1 .1
11.0
50.8
19.3
19.8
-
-
13.3
5.5
12.8
19.3
16.7
.6
512.0
80.1
49.1
37.0
Total Latin America................
1,275.3
Asia:
66.3
52.7
73.9
.6
476.8
73.2
89.1
44.2
98.3
119.0
39.2
137.0
63.1
46.2
1.5
1 .1
12.2
117.8
46.3
59.5
31.0
10.3
1.3
57.3
11.9
19.3-
19.0
1.5
55.9
19.6
12.4
19.3
-
-
-
18.4
18.6
19.3
_
21.4
776.1
992. 6r
961 .4r
908 .2r
875.9
776.1
766.7
351. 6r
364.2r
377.3r
376.6
413.3
415.8
65-7
119 •8
45.1
78.1
150.8
145.7r
106 .8r
47.1
70.4r
.6
534-9
66 .2r
194.9
144-2
146.0
105.6
104.5
57.4
65 .5r
148.4
103.2
150.8
103.4
58.1
64.4
.6
60.2
65 .5
.6
155.8
101.5
53.4
64.7
60.2
65.5
.6
.6
513.4
71.2
1.8
1,295.6
1,345.5
1,555.3
1,455.Or
2.7
36.0
2.3r
39.1
22.6
150.2
50.2
88.9
124.2
21.4
14-9
-
-
2.6
30.9
34-5
3.8
33.4
28.6
429.9
3.7
144.2
3.4
7.8
34.1
27.8
27.0
444.7
3.9
250.5
4.8
5-3
61.7
325.6
4.2
223.4
5.3
Total A s i a .......... ...............
684.5
Afri c a :
Congo (Kinshasa)...................
14-3
48.2
74.9
125.6
23.5
14.0
2.4
51.9
67 .3r
.6
540.2
67.7
192.9
65.1
76.5
126.9
24.3
34.0
2.6
l,499.7r
-
2.6
.6
556.6
67.7
191.6
65 .O
90.8
129.2
21.8
34.0
3.2
1,534.Or
2.5
38.1
589.6
69.1
103.4
125.9
20.7
34.0
2.7
583.8
67.3
181.3
58.8
77.0
124.5
27.5
13.8
1,555.0
1,555.3
1,512.7
-
2.7
2.4
32.6
.5
184.8
65 .O
88.4
2.8
37.0
*
36.0
23.0
192.8
22.6
101.4
179.4
48.5
195.2
5.7
18.2
104.5
13.1
176.5
33.2
183.7
4.6
15. 6r
104.3
18.6
204.0
43.6
180.6
5.4
1 5 .7r
103.2
46.1
179.8
5.5
16.7
104.7
835.8
734.1
612.8
572.4r
565.5r
611 .7 r
608.6
6.6
.1
38.1
3.2
.9
1.8
.6
61.2
1.0
.9
.9
53.4
118.2
11.9
151.0
160.0
34.8
8.3
189.0
.9
53.5
167.9
173.2
.9
.9
53.0
6 .8
178.9
176.9
189.0
10.1
4.0
6.8
6.8
.6
601.7
70.3
182.7
67.4
87.6
128.0
20.7
13.8
2.5
38.3
*
13.2
170.8
36.7
180.4
4.6
16. Or
103.1
.5
7.2
70.7
9.8
63.7
44.9
53.6
89.8
50.2
413.3
2.0
.1
22.8
January p
325.9r .
l,2l2.5r
601.7
70.3
182.7
67.4
87.6
•128.0
20.7
13.8
2.5
8.0
2.0
1 .1
1.5
51.8
12.4
-
152.2
79.5
58.4
36.5
12.4
86.7
169.1
17.5
47.3
1 .1
46.0
61.2
1 1 .1
-
358.4r
86.6
97.8
12.4
73.2
10.5
67.5
11.2
-
1,591.8r
13.8
73.2
15.9
65.9
44.8
80.2
December p
42.7
53.3
47.0
12.2
327.3
November
126.0
47.3
42.0
31.9
8.6
1,719.6
October
15.5‘
74.3
17.6
70.5
46.4
108.9r
90.3
118.1
1.9
146.4
4.4
10.5
99.2
37.2
33.8
5.0
South Africa.......................
United Arab Republic (Egypt).....
46.0
61.2
September
1.5
51.9
8.5
15.3
16.7
100.6
Hong Kon g...........................
India...............................
Indonesia...........................
Israel..............................
Japan...............................
Korea...............................
Philippines.........................
Taiwan..............................
Thailand............................
Other A s i a ..........................
August
1967 p
87.4
3.3
19.9
American Republics....
Bermuda................
Antilles and Surinam..
America................
Other Latin
Bahamas and
Netherlands
Other Latin
1966
1965
1968
1967
Country
.9
1.0
48.8
8.0
*
179.4
48.5
195.2
5.7
18.2
104.5
612.8
.9
1.0
34-8
8.3
2.6
20.1
176.2
48.4
202.0
5.8
18.2
99.8
605.9
.9
.9
40.8
8.3
176.3
227.1
155-9
207.8
228.9
234.0
231.0
235.2
240.5
235.7
234.0
Other countries:
Australia.................... *.....
All other...........................
114-8
6.8
196.6
300.1
268.7
32.7
273.2
33.0
268.7
32.7
268.6
30.8
Total other countries.............
121.6
331.8
301.4
289.1
249.7
30.4
280.2
273.6
31.7
259.1
30.4
227.0
304.4
306.2
301.4
302.7
Total Africa .......................
International and regional'...........
.7
.6
1.0
2.8
Grand total...........................
4,284.7
4,516.9
4,179.7
3,895.6
P
*
Preliminary.
r Revised.
Less than #50,000.
30.0
2.4
. 3,893.9r
3.1
3,909.3r
2.9
3,979.Or
34.1
2.9
2.8
2.8
3,960.8
3,895.6
3,833.7
Treasury Bulletin
86
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4. - Net Transactions in U.S. Government Bonds and Notes by Foreigners!/
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
fu rope:
A ustria.............................
Belgium.............................
Denmark.............................
Finland.............................
F r ance..............................
Germany.............................
Greece..............................
Italy...............................
Netherlands.........................
Norw a y..............................
Portugal............................
S pain.......... .....................
Sweden..............................
Switzerland.........................
Turkey..............................
1964
-88
-201,339
37,799
- 14,280
15,638
24
32
-139
185
16
-6
5
5
-798
-9,029
693
-141
19
226
6
-28
-29
-443
-540
-33
- 1,10 1
-926
241
-92
204
-24
508
1,116
- 48,866
22
-
-20
356
Other Eastern Europe...............
-89,365
3,377
85,914
3,700
_
-85
141
-15,719
9,998
17
139,205
784
_
-172
Total Europe........................
-27,589
85,846
Canada.................................
3,034
-6
635
-32,920
-130
12
Latin America:
Argentina...........................
Chile................................
Colombia............................
Cuba.................................
Mexico..............................
Panama..............................
Pe r u .................................
Uruguay.............................
Venezuela...........................
Other Latin American Republics....
Netherlands Antilles and Surinam..
Other Latin America................
Total Latin America................
Asia:
China Mainland.....................
Hong Kong...........................
India...............................
Indonesia...........................
Israel..............................
Japan...............................
K orea...............................
Philippines.........................
Taiwan..............................
Thailand............................
Other A s i a..........................
September
-4
-136
82
34
-7
-894
7,394
30
5
126
- 1,301
1,942
3
429
-254
3,768
-205,275
615
_
-178
Yugoslavia..........................
August
I967p
1966
1965
-599
98
1,570
1967
_
-647
-6
12
2
270
33
-208
-867
-35
1,215
-63
7,835
-268
16
-30
-215
-22
-1,534
31,841
189
-
-
-13
-
-1
-
-216
-200
-105
-5
998
_
91
1
-2
-2
16
-100
-501
-20
-6
-
-2
-2
545
4,240
4,318
213
_
3,743
-
_
-
_
56
47
338
-105
-
_
_
410
100
-4
3
-7
-9
December p
14
-4
-8
-3
_
-107
-172
-2
-221
-12,425
8,959
_
_
_
_
355
9,480
-14
-
-
-
6,499
4,197
9,474
-12,815
9,419
9,221
23,990
39
653
-1,687
-946
677
-189,063
-64
51
-127
-6
-16
-29
_
-5
_
_
-
_
_
_
-19
-
-
-
2
8
620
582
-
10
-8
1,038
1,130
-29
-7
135
-219
-1,896
-798
-119
-
544
-76
-28
114
197
709
-97
-
-5
November
_
_
-98
138
268
28
-15
-4
-51
October
1968
January p
-2
_
-92
49
-
-289
114
-40
14
-
-19
-
34
-510
-12
_
_
_
-27
9
-
-2
-
130
513
594
-
-62
-7,289
1,606
-2,117
-318
-30
-90
339
14
-230
-10
12
11
-509
-
_
-49
-5
-
12
20
101
-146
195
18
-
-
4
-
11
-
-25
26
-237
98
28
_
75
177
12
_
_
78
-6
-121
-
-229
16
17
18
-109
1,489
-
-115
215
1,183
-
_
_
-
-131
-
_
_
_
_
_
_
_
_
-3
-1
-
_
_
_
_
3,984
_
-23
-
-61
1
-105
_
25
_
-
1,785
-2,046
-216
12,611
19
1,835
1,992
-519
12,294
23
-
4
-4
-
-131
Africa:
Congo (Kinshasa)...................
Morocco.............................
South Africa........................
United Arab Republic (Egypt)......
Other Africa........................
4
16
4
3
_
-
_
_
-506
-
_
-
8
4,186
_
-5,996
_
153
6,805
- 2,500
-
-
Total Africa........................
6,958
32
-502
4,186
-5,996
-
-
- 2,500
-
-
Other countries:
Australia...........................
All other...........................
-
68
9
-19
-7
-2
537
-
-
-
-
_
-
_
-
-
Total other countries..............
537
77
-26
-2
-
-
-
-
-
-
International and regional:
International.......................
European regional..................
Latin American regional...........
Asian regional.....................
-307,840
-50
-7,312
-
-148,393
- 428,682
1,718
-
-81,583
-40,339
502
.-19,828
-
172
-
-3,504
Total international and regional..
-315,202
-151,115
-426,964
- 121,420
-19,828
173
172
-3,504
107
-132
Grand t otal...........................
-337,716
-75,842
-615,829
-43,471
-19,293
4,933
8,557
-19,884
10,179
1/
p
_
-80
-25
_
For exclusions see headnote on page 79.
Preliminary.
-
-2,722
-
.
-
1
-2
-12
_
-2
-12
-
-10
183
-
-
_
-239
_
-
724
724
- 178,066
March 1 9 68
87
________________ CAPITAL M OVEM ENTS_________________
Section II - Summary by Countries
Table 5. - Net Transactions in Long-Term Domestic Bonds,
Other Than U.S. Government Bonds and N otes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or -a net outflow of capital from the United States)
Calendar year
Country
Pur o p e :
Austria.............................
Belgium.............................
Denmark.............................
F inland.............................
Fra n c e..............................
G ermany.............................
Greece..............................
Italy...............................
Netherlands.........................
N o r w a y ..............................
Portugal............................
Spain...............................
Sweden..............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe...............
1964
1965
-23
-400
-251
-
44
22,225
2,644
24
50,700
76,315
29
16,668
14,971
-3,581
349
1,284
8,547
129,545
-50
444,632
134
15,162
4,322
-22
113,870
32,033
277
21,199
8,911
-9,147
16
-1,124
9,313
180,986
120
-337,412
5
2,706
-12
-36
42
-
-4
538
172
-
October
-3
1,904
303
-
November
-44
881
41
-71
1,205
108
1,203
183
_
6,038
1,652
_
4,760
-203
314
-139
-509
345
17,725
-7
15,924
January p
83
2,479
580
_
-15
7,013
4,718
-12
3,843
1,885
238
68
-74
800
32,068
-2
-299,805
233
_
1
-
-
10,108
_
7,876
_
-
41,334
3,953
39,163
-246,822
-208,605
47,756
70,661
-6,506.
40,178
1,875
6,722
4,788
7,080
11,973
11,786
378
84
-175
164
_
1,050
124
-43
535
92
624
10,347
3,345
-221
246
2,103
152
574
1,247
-4,702
64
257
-1,212
213
-311
-1
644
-567
-28
226
454
251
3,063
-2,826
-4
422
-8
6
1
62
1
222
-38
17
30
-58
-1,286
1,471
-25
32
-12
7
2
_
380
2,788
9
-102
194
98
777
-523
10
13
-5
53
-2
_
91
2,264
2
-28
224
-75
2,883
345
9
7
69
6
-9
10
163
529
19
-3
5
-54
1,217
-120
9
161
30
37
2
49
1,379
71
-40
245
-32
1,599
2,665
63
-95
-12
-63
183
131
71
297
24
1,280
-1,187
-5
-2,135
159
16,304
30,702
395
3,660
5,774
1,848
6,229
624
-2
-36
-3
_
_
1
_
_
_
2,697
-19
35
17
1,369
-749
-10
_
51
_
2
36
-26
-89
-1,158
2
-2
323
198
3,946
39
_
_
_
546
_
_
_
-276
_
-10
296
3
_
_
-81
_
-140
-9
_
19,001
27
_
129
19
-112
_
-45
1
_
109
-6
_
_
_
_
-101
-1,150
-351
3,958
18,915
-42
_
_
_
-16
3
2
_
-26
_
Canada.................................
-31,853
461
-46
-20
56
-26
310
-279
53
593
-420
-
-
1,241
-42
12,543
_
-1
25,799
776,888
.-*1.492 ,
_
226
10
214
8,297
80
41
1,199
736
6,875
10,101
Asia:
China Mainland.....................
Hong Kong...........................
India...............................
Indonesia...........................
Israel..............................
Japan...............................
Korea...............................
Philippines.........................
Taiwan..............................
Thailand............................
Other A s i a ..........................
-25
334
_
1,676
116
-204
40
121
262
723
9
3,771
-2
869
18
2,460
131
1
1
441
-61
-544
-2
-18
28,322
773
_
112
_
9
967
Total As i a ..........................
5,033
5,094
4,673
29,558
585
25
3
66
1
33,839
-5
_
_
3
Africa:
Congo (Kinshasa)...................
Morocco.............................
South A f rica........................
United Arab Republic (Egypt).....
Other Africa.......................
September
25,284
-116
-10
342
367
-2,462
3
-149
531
7,137
2
7,501
22
_
5
194,219
Total Latin America................
August
1967p
1966
December p
-278
535
-4
10
-63
-5,344
7
-30
448
9,616
36
845
5
-1,824
_
-
-273
2,053
373
460
-4,291
11,196
-19
25
-609
13,574
-7
172,530
-338
235
_
-16
Total Europe........................
Latin America:
Argentina...........................
Brazil..............................
Chile...............................
Colombia............................
C uba.................................
Mexico..............................
P anama..............................
P e r u .................................
U ruguay.............................
Venezuela... ........................
Other Latin American Republics....
Bahamas and Bermuda................
Netherlands Antilles and Surinam..
Other Latin America................
343
8,203
-3,594
7
17,093
42,665
7
4,362
50
23,051
606
922
3,207
51,195
-87
-123,430
1968
1967
_
_
4
52
-21
-505
-2,879
-2
74
153
1
165
-13
-42
_
_
_
20
27
-9
_
_
1
-22
29
1
56
-
421
_
999
580
3,259
_
-64
709
6,735
98
-223,680
326
_
_
362
_
8,728
3,121
6
2,448
1,691
8,643
-36
-55
1,136
23,853
_
_
-
139
-7
144
-33
Total Africa.......................
-470
-2,934
391
33,934
-2
39
64
34
18
Other countries:
Australia...........................
All other...........................
-4
-4
-143
-
65
585
14,122
1
-13
60
1
-
-16
-5
11,109
-
3,014
-
-21
618
Total other countries.............
-8
-143
650
14,123
47
1
-21
11,109
3,014
597
11,506
14,811
243,649
113,390
-1,199
59,671
-9,186
3,091
12,835
-
-
-
-
_
_
_
-
-
-
_
-27
-
_
International and regional:
International......................
European regional..................
Latin American regional...........
Asian regional.....................
Total international and regional..
Grand t otal...........................
p
Preliminary.
-
8,046
7,046
-
-
-
-4 , 644
-
11,506
142.811
243,649
121,409
5,847
59,671
-9,186
3,091
-4,644
12,835
176,292
38,294
1,036,049
311,238
12,700
108,106
-245,754
-181,501
83,387
96,428
-
-
_
_
-
-
Treasury Bulletin
88
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 6. - Net Transactions in Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
Europe:
A ustria.............................
Belgium........ ...... ..............
Denmark.............................
Finland ............. ...............
France..............................
Germany.............................
Greece..............................
Italy...............................
Netherlands................. .......
N or w a y..............................
Portugal............................
Spain.......... .....................
Sweden..............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe...............
1967
,11
1964.
1965
1966
4,120
-11,580
1,025
643
-36,816
-2,811
-396
6,984
17,050
-2,414
6,127
-145
-2,119
-213,879
-10,684
-176,832
2,170
-2,152
-41
3,009
-2,557
399
134
-12,624
7,501
197
-6,383
-45,488
1,812
6,105
3,970
-1,125
-64,069
-4,643
-524,270
-763
1967p
1968
August
September
October
November
745
1,914
-137
1
11,061
5,731
156
880
476
-270
511
335
118
18,907
1,100
1,243
3,066
685
-349
-9
5,478
6,321
76
2,782
987
-62
-1,187
607
314
15,423
-89
-1,854
1
1,408
2,842
2,526
128
-15
8,032
3,903
-189
7,645
164
1,611
22
1,954
-140
Total Europe........................
-421,890
-471,933
-637,163
81,946
80,606
Canada.................................
35,074
46,676
230,504
! 264,421
23,484
34,802
1,247
41,760
19,553
52,375
Latin America:
Argentina.. ,........................
Brazil..............................
Chile................................
Colombia............................
C ub a .................................
Mexico..............................
Panama..............................
P e r u .................................
Uruguay......................... .
Venezuela. .. .........................
Other Latin American Republics....
Bahamas and Bermuda................
Netherlands Antilles and Surinam..
Other Latin America................
2,050
1,745
1,900
1,530
-1
8,760
-2,796
552
-2,614
4,910
1,138
2,703
7,056
-127
655
-115
113
1,535
-487
-4,247
2,289
-1,180
-6,386
6,963
-984
-1,135
-10,780
127
3,314
352
1,113
2,866
-491
6,092
9,101
1,050
39
13,651
-478
15,503
-3,164
-227
-1,086
46
970
1,865
45
-5,769
71
326
324
-2
39
1,327
-2,512
286
553
-496
204
-150
-5
244
418
21
-879
4,265
344
-306
1,161
242
18,181
13,239
763
86
1
356
882
13
1,055
-561
202
682
-1,178
1,371
-309
176
21
224
346
62
612
-234
223
-68
605
141
5,122
3,810
-98
491
82
125
573
-3,512
5,526
216
49,080
24,940 .
1,061
-155
46
62
145
74
833
-696
-325
-163
73
26,806
-13,632
48,721
84,379
-76
-113
802
-240
2
670
416
62
-99
7
1,480
-106
12
2,620
2,546
16
-83
31
-299
7,553
30,502
60
-469
2,049
1,924
47
855
1,779
270
11,962
16
4,509
14
8
-170
4,032
11
11,275
-14
19
1,166
549
-3
_
-2,216
-60
8,473
5,122
19,200
13,777
United Arab Republic (Egypt)......
Other Africa........................
-199
171
423
-199
111
192
-36
-36
-1,577
Other Eastern Europe...............
Total Latin America................
Asia:
China Mainland.....................
Hong Kong...........................
India...............................
Indonesia...........................
Israel..............................
Japan........ .......................
Korea...............................
-240
Total Asi a..........................
Africa:
Congo (Kinshasa)...................
Mo r o c c o.............................
-3
9
4,529
_
-7,615
_
-121
11,005
220
-1,937
1,482
1,66lr
42,134
-50
7,501
_
135
_
75
j
330,369
36,809
86,483r
33,631
J^nu^ry p
-3,070
-13,302
-190
157
-2,748
10,348
-923
-6,947
-11,458
-1,632
8,164
-2,621
-4,034
-37,127
-377
-398,189
-447
-7,444
_
-93
1,626
8,066
12,633
-1,326
-71
67,652
68,448
1,118
33,706
22,425
653
-13,873
1,803
;
1,172
’ 241,753
-1,568
-114,817
-172
2,261
213
293
December p
-412
-65
-8
11,447
7,934
-78
2,684
_
33
4,292
2,665
281
-13
5,708
10,080
2
2,480
11,054
-146
-40
-913
79
45,084
12
-5,310
916
1,243
71
-1
6,451
6,263
-62
7,897
5,967
175
-641
-572
-275
57,406
-199
-2,879
166
55,251
159
2,424
-69
3,537
-
69
90,160
36
_
150
5,108
_
133
2,040
1,209
-99
15
512
775
43
-1,320
1,837
-281
-4,637
6,086
161
10,942
17,866
5,929
459
7
-686
1,553
36
2,211
10
5,694
35
-126
312
549
11
-49
74
26
2,670
5
2,176
17
-10
924
-80
1
555
10
563
2,535
48,979
8^127
9,206
47
1,619
34
-24
777
159
2
258
57
55
304
3,288
6,696
4,215
2
392
-36
26
374
4,908
104
163
-221
70
598
80
65
-157
16
-266
-12
-12
-35
11
107
4
31
20
3
143
8
-9
-15
2
306
-49
20
12
-1
-210
4
2
-131
5
245
41
-41
10
2,706
10,424
146
-
16,636
:
37,538
•
28
2,001
_
-9
384
27
8
697
960
8,99.3
1,706
282
15,354
36
2,973
24
-57
578
646
564
17
63
1,132
_
Total Africa........................
222
-1,346
714
-262
59
201
292
-228
125
2,716
Other countries:
Australia...........................
All other...........................
-627
130
-1,274
2,974
297
2,628
-787
4,070
-175
927
-46
711
32
230
3
361
-8
-10
Total other countries..............
-497
1,700
2,925
3,283
752
665
262
364
-18
-59
359
800
International and regional:
International.......................
European regional..................
Latin American regional............
6,073
-14
-
6,011
7,196
1,167
-
-449
_
-
950
25
381
-
1,523
-
14,048
49
2,082
-
Total international and regional..
p
Preliminary.
r
Revised
-
-
6,059
6 ,036
7,196
14,097
.
2,082
-349,104
-413,299
-333,326
■ 745,266
i
-
71^237
381
142,680r
-
1.52.3
-449
58,109
144,232
!,
-
_
-
-
950
1,167
144,309
157,926
■
March 1968
89
.CAPITAL M O VEM EN TS.
Section II - Summary by Countries
Table 7. - Net Transactions in Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
1964
Eur o p e :
Austria............................
Belgium............................
Denmark............................
Finland............................
France.............................
Germany............................
Greece.............................
Italy.................. ............
Netherlands........................
N o r w a y .............................
Portugal...........................
Spain.......... ....................
Sweden.............................
Switzerland........................
Turkey.............................
United Kingdom....................
Yugoslavia.........................
Other Western Europe .............
U.S.S.R............................
Other Eastern Europe.............
3,269
281
-4,133
-25,017
16,817
18,435
10
-24,509
-8,909
-17,379
-3,973
6,318
10,321
86,881
142
18,555
-6
332
1,247
9,787
-8,855
-25,842
23,887
9,138
15
10,522
3,488
-4,073
-20,004
-281
-34,244
85,147
-147
-43,759
-19
102
Total Europe.......................
77,416
Canada...............................
-773,731
-23,460
-823,238
Latin A merica:
Argentina..........................
Brazil.............................
Chile..............................
Colombia...........................
C uba ...............................
M e xico.............................
P a nama.............................
P e r u ...............................
U ruguay............................
Venezuela. .........................
Other Latin American Republics...
Bahamas and Bermuda..............
Netherlands Antilles and Surinam.
Other Latin America..............
Total Latin America..............
Asia:
China Mainland....................
Hong Kong.........................
India..............................
Indonesia..........................
Israel.............................
Japan............................. .
Korea............................. .
Philippines....................... .
Taiwan............................ .
Thailand.......................... .
Other A s i a .........................
Total A s i a .........................
Afri c a :
Congo (Kinshasa)................. .
M orocco........................... .
South Africa..................... .
United Arab Republic (Egypt)
Other Africa.....................
Total Africa.................... .
11,107
2,871
1,093
3,205
-41,596
218
108
3,282
868
-16,222
-1,423
220
1,243
1967p
August
-13,299
33,234
-16,161
-10,376
30,156
37,479
2,101
31,683
-3,931
-1,650
1,754
-3,499
-1,561
53,914
-49
31,790
-32,112
31
-586
-14
41
-1,070
4,360
-3
-875
-306
2,095
-17
-3
-1,338
5,662
13
-3,814
530
-19,513
-14,486
2,525
1,954
898
-2,970
5,062
-521
512
-3,976
1,639
7,278
10,149
1,629
52
73
-2
139,925
-750,842
4.779
-829,023
-16,635
1,411
-62,944
-4,651
19,315
3,299
280
15,907
13,327
2,246
-1,137
334
120
38
143
4,053
-8
209
-58
-1,905
311
-19,266
3,166
3,203
-8,007
-16,941
3,793
254
-10,728
995
-1,618
-83
16,239
-1,633
2,713
1,398
-2,480
3,811
-66
-2
1966
1965
-29,5
-6,534
2,633
1,233
1,788
-4
-31,019
1,661
801
2,852
-5,017
208
-2,688
-1,981
1968
1967
-16,064
74,042
4,137
1,009
28,322
-8,576
14
59,797
-1,759
-969
-11,481
-332
- 8,422
62,582
-327
-6,764
528
-81,867
93,872
400
September
December p
November
October
January p
60
608
236
459
80
1,043
430
-173
17
159
2
-199
-363
1
533
1
870
-248
_
354
-279
708
-24
-115
-184
-4,090
-1
342
-100
282
-
-1
2,894
9,470
499
3,531
-108,663
-103,679
-53
1,130
386
20
-80
232
122
-1
3,250
-4
69
-585
-99
133
-5
30
-126
-66
-757
-42
-190
4,654
82
-133
252
825
-4,290
-2,796
2
-196
-6,049
58
-428
203
-191
144
-383
41
-210
322
-194
11
-307
-86
-58
161
-23
-210
-1,142
-154
-364
-99
403
-9
-874
-2
-247
-174
-38
-151
-74
-170
84
173
246
91
11,142
-15,349
6,814
-9,201
476
5,639
5,497
98
8,644
2,608
2,330
-418
-120
2,283
6,529
- .
5,050
-20,097
783
-134,882r
134
1,034
1,395
422
57
-87
487
877
-2,350
3,706
872
-212
2,025
439
_
-242
-3,813
2,196
_
-424
_
31
-104
-35,026
-35,184
-17,149
35,146
3,443
2,596
-5,332
-111
242
-364
1,497
- 1,402
-1
-90,649
6,769
837
5
-22
-76,273
-48,250
1,393
1,252
-14
-54,802
8,552
-329
-29,266
95
-111
-2
_
-3,744
-212
_
-3
-3,958
212
47
8
-7,413
191
-140
2
-17,372
-13,275
-I 64
800
-2,000
-10,306
677
-9,859
50
7,500
2,181
-14,124
-1
6,990
-10,675
-1,549
739
9,790
30,004
2,534
-2,657
-13
-180,947
-5,994
1,000
-4,420
1,761
365
35,509
95
52
179
-1
_
186
267
_
-99
-65
_
-17
-427
-112
-623
1
-270
-306
-83,914
-141,513
-4,635
-152,862
-29,353
-1,579
759
-2,000
9,574
5,562
-3,597
-7,064
-31,341
-12,191
-1
26
-
-
-
-
60
1
-67
22
3
16
9
7
-
955
-8,116
104
213
-13
-1,333
2,665
-6
-9
4,636
-1
2,323
4,476
-2
-1,076
11,542
11
212
2,357
-1
-14,766
6,943"
3,409
16,033
-12,187
-8
-8,094
123
229
-13
-378
4,466
Other countries:
Australia.........................
All other.........................
18,207
2,886
-42,291
-14,996
20,376
-21,850
-10,236
-15,485
1,950
-4
1,215
915
1,061
693
1,583
-20
-632
369
1,047
48
Total other countries...........
21,093
-57,287
-1,474
-25,721
1,946
2,130
1,754
1*56?..
-263
1,095
International and regional:
International....................
European regional................
Latin American regional.........
23,850
-17,445
-147,506
-153,219
-11,573
-111,473
-20,339
- 40,000
-264,207
-16,280
-111,911
-42,715
97
-
-71,943
30
-
12,842
419
-
3,048
101
-7,500
-64,190
64
-
-164,792
-171,812
-392,398
-42^618
-71,913
-1,242,065
-914,188
1,158,939
-78,446
-131,252
Total international and regional
Grand total.........................
p
Preliminary.
r
Revised.
-141,10l"
-928,320
13.261
-127,890r
3,621
120
-40,700
-36,959
-4,351
-64,126
-29,978
-143,890
-176,112
90
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 8. - Net Transactions in Foreign Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
JSurope:
Austria.............................
B elgium...........................
Denmark.............................
Finland .............................
France ..............................
Germany.............................
Greece ..............................
Italy...............................
Nor w a y ..............................
Portugal............................
Spain...............................
Sweden..............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe...............
Total Europe........................
Latin America:
Argentina...........................
Brazil..............................
Chile................................
Cu b a .................................
Mexico ..............................
Panama ..............................
Pe r u .................................
Uruguay.............................
Venezuela.. ........................
Other Latin American Republics....
Bahamas and Bermuda................
Netherlands Antilles and Surinam..
Other Latin America................
Total Latin America................
Asia:
China Mainland.....................
Hong Kong...........................
India...............................
Indonesia...........................
Israel..............................
Japan.................. .............
Korea...............................
1966
l?67p
1
-18
-13
4,967
274
-261
-17,729
27,459
5
789
90,199
-116
85
1,078
5,631
14,786
205
4,600
-505
440
22
-653
-2,323
12
-59
7,283
27,517
-205
-1,360
92,039
-37
249
189
5,775
22 ,556
-499
-31,317
4
803
2
-58
-1,827
40
- 1,301
-52,273
-23,554
41
-7,698
48,361
-389
107
-6,491
1,106
-17,313
-54
-78,610
2,405
-
85,641
131,916
119,976
-137,513
103,669
164,116
102,608
94
519
875
75
8
-3,820
-387
214
75
89
381
1,972
-864
72
224
-67
481
126
15
-7,916
-794
348
-370
89
159
-10,929
-1,045
•-100
-785
-151
-272
134
-697
1964
1965
5
9,562
25
64
-20,675
26,621
-
205
64,223
1,029
-103
-5,760
3,530
-12,538
-1,607
21,267
62
-252
-
-2
-713
-134
-
7
-269
24
‘
11
-361
-
-
-
-1,467
729
3
9
6,483
45
36
-122
4
267
1,013
-849
-3,722
2,062
Decemberp
-7
-649
_
January p
-1
1,116
-14
-5,234
5,913
-6,958
-63,425
57
-20,873
-7,260
-37,858
-13,560
-3,695
-19,390
-10,051
29
16
-11
_
453
-26
-14
-55
14
-10
29
74
-2
-17
17
-48
-
-
-
122
-473
96
-680
468
-1,575
13,238
-1,795
-147
159
655
-143
-96
31
-3,150
-77
115
-740
435
-978
6,866
-556
-100
-194
21
-13
-14
44
-718
-226
-415
-2
-1,102
-42
-90
4
153
-105
1,409
11
-90
-363
-120
7
-32
-30
-84
302
112
15
-26
138
1
25
-10
-117
27
305
302
-50
16
_
-52
604
132
46
587
19
652
133
-113
6
-13
-16
21
_
-757
429
-7
-22
28
-45
-122
-453
-13
-19,779.
8,180
2,421
-1,483
561
-215
415
2,228
-964
4
1,575
-38
3
145
9,177
1
855
1
-1
60
-3,095
-
Taiwan..............................
Thailand............................
Other Asi a..........................
-1,012
-13
1
224
-46
10
-13
307
Total Asia..........................
7,301
10,066
- 1,921
United Arab Republic (Egypt)......
Other Africa........................
1
-19
12
-63
-153
-16
-30
-291
-7
-155
-7
37
-78
2
-276
5
-709
-4
- 1,053
Africa:
Congo (Kinshasa)...................
-24
413
3
November
Dctober
-30,291
1,063
-7
45
3,809
-8
-59
212
71
1,555
-5,184
916
_
-27,486
-5,312
11,232
5
281
-58
3
540
-
September
August
-2,210
-4
-2
69
-8,675
-2
11,615
6
-121
-186
490
-
656
-46
1968
1967
-
-
20
j
-7,079
-2,319
-6
70
3,373
-371
72
159
1
2,855
-2,006
866
_
-
-
341
5,067
2
:
74
288
-103
469
-5
-11,441
360
-
_
176
-25,583
5
290
3,704
-57
-46
27
110
-25,899
-4
-15,704
_
212
_
-
-1,569
127
-5
472
5,014
-17
_
-591
-25
2,604
-2
-7,090
38
-
-
-
-
_
-
-
220
30
134
1,387
288
-
-
-5,175
-2
_
-
-1
4
-1,679
-
-
47
-612
5
-885
_
_
-6
-1,620
-1
7
1,964
_
-
-
-
_
137
1
-410
419
-2,883
-
_
14,195
-
-
_
-
-8
-154
-1,472
-125
42.
323
-1,028
-5,315
1
9
-
-
-211
-245
-18
2
-4
-12.7
-1,095
-1
-55
3
-5
-110
-2
45
-
-
75
-4,300
-
_
-21
473
-178
95
17,647
-
-11
548
1
2
-838
-
59
-776
-222
-499
-322
- 1,741
-1,30 5
-254
-53
-134
-67
3,861
3,373
-4
-110
-62
- 1,373
-19
2
3
6
-46
-
-38
1
203
33
Total other countries..............
3,894
3,369
-172
-1,371
-19
-37
9
203
-46
47
1
48
679
360
2
24
-5
-
-
-
-
-
-
-
500
-372
74
84
-431
2
-
679
360
84
-
-431
-
-372
-
74
-
24
-5
200,265
289,549
228,849
-158,959
-38,951
-43,766
-13,652
-14,467
-63,029
-11,143
Total international and regional..
Grand total...........................
p
Preliminary.
UA
International and regional:
International......................
European regional..................
Latin American regional...........
0
0
Total Africa........................
Other countries:
Australia...........................
All other...........................
-
-
-
-
March 1968
91
______________________ CAPITAL M OVEM ENTS______________ _______
Section II - Summary by Countries
Table 9 .- Estimated Holdings of U. IS. Government Bonds and Notes
(Position at end of period in millions of dollars)
1967
December
1968
Country
1964
Euro p e :
Austria.............................
Denmark.............................
F ran c e..............................
Germany.............................
Italy...............................
Netherlands.........................
No r w a y ..............................
Portugal............................
Spain...............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe ..............
Canada.. ..............................
Latin America:
Argentina...........................
Brazil............................. .
Colombia............................
C u b a ................................
Mexico..............................
P e r u ................................
Uruguay.............................
Venezuela— ........................
Other Latin American Republics....
3
x
14
1
7
1
x1
5
98
Other countries:
Australia...........................
All other...........................
3
3
*
12
1
6
1
*
9
4
51
*
2
24
87
September
October
November
December p
375
50
7
9
4
51
x
2
24
87
#
379
50
7
3
x
12
1
7
1
*
9
5
51
-X2
24
91
*
383
50
7
3
x
12
1
7
1
-X9
5
51
-x2
24
91
*
371
50
7
9
5
51
*
2
24
91
*
380
50
7
3
*
12
1
6
1
January p
3
*
12
1
7
2
3
12
1
7
2
93
*34S
50
7
721
807
605
643
633
637
646
634
643
652
690
676
692
716
717
718
716
715
716
527
14
1
7
1
1
6
49
2
24
13
1
7
1
x
2
5
51
*
2
24
~'c
*
1
*
1
2
1
*
1
2
2
16
*
*
1
2
2
16
*
*
1
1
2
16
X
x
1
-*
1
2
*
*
1
1
2
16
25
24
24
24
*
1
1
1
1
1
-*
1
1
25
Total Africa.......................
3
August
89
x
553
49
_
7
Total Latin America................
Africa:
Congo (Kinshasa)...................
Morocco .............................
South Africa.......................
United Arab Republic (Egypt)......
Other Africa .......................
3
1967 p
2
40
79
*
414
48
_
7
Netherlands Antilles and Surinam..
Other Latin America................
Total A s i a ..........................
1966
12
1
7
2
x
9
5
51
-;2
24
91
*
380
50
_
7
2
4
16
*
Asia:
China Mainland.....................
Hong Kong...........................
India...............................
Indonesia...........................
Israel..............................
Japan...............................
Korea...............................
Philippines.........................
Taiwan..............................
Thailand............................
Other A s i a ..........................
1965
1
1
*
5
-
1
2
4
17
27
1
1
9
*
2
1
x
1
2
1
1
2
*
1
x
1
*
9
-
*
1
1
*9
2
9
*
*
2
*
51
*
1
-X-x2
-X-X1
1
2
16
*
*
*
*
1
*
1
2
*
*
1
2
2
16
*
24
24
24
-XX-
390
-
50
7
1
*
*
2
1
2
2
18
25
*
51
2
*
51
51
*
1
*
9
*
-x2
*
51
63
63
63
63
63
*
_
*
*
_
X
X
*
X
19
1
x
9
*
*
2
38
38
2
*
51
49
51
50
63
63
_
_
_
_
-
-
*-
*
*
*
1
*
x
2
#
*
1
1
2
16
*
x
2
-x40
*
-x-
9
4
51
*
2
24
91
x
-x*
*
1
9
1
*
9
-x*
2
16
16
15
19
22
*
22
*
22
19
16
16
15
19
22
22
22
19
19
19
1
9
-X2
51
19
1
I.
1
1
1
*
1
*
1
1
*
1
1
Total other countries.............
1
1
1
1
1
1
1
1
1
1
International and regional:
International......................
European regional..................
Latin American regional...........
Asian regional.....................
827
76
-
679
74
-
250
75
-
168
35
1
169
38
1
169
38
1
169
38
1
169
35
1
168
35
1
168
Total international and regional..
Grand Total...........................
36
1
903
752
325
204
207
207
207
204
204
204
2,405
2,329
1,713
1,670
1,666
1,671
1,679
1,659
1,670
1,491
Note: Data represent estimated official and private holdings of U.S. Government securities with an original maturity of more than one year, and
are based on a July 31, 1963 survey of holdings and regular monthly
reports of securities transactions (see Table 4). For exclusions see
*
p
headnote on page 79. Annual and monthly data are shown in this
section beginning with the February 1964 issue of the Bulletin,
Less than $500,000.
Preliminary.
Treasury Bulletin
92
CAPITAL MOVEM ENTS
Section III - Preliminary Details by Countries
Table 1. - Short-Term Banking Liabilities to Foreigners as o f January 31, 1968 1/
(Position in thousands'of dollars)
Short-term liabilities payable in dollars
To foreign banks and official institutions
Total
short
term
liabilities
Total
E urope:
Austria...........................
Belgium...........................
D enmark......... .................
Finland...........................
France............................
Germany...........................
Greece............................
Italy .............................
Netherlands.......................
Norway........................ .
Portugal................... ......
Spain............................. ,
Sweden ............................
Switzerland......................
T urkey............................
United Kingdom...................
Yugoslavia........................
Other Western Europe............
U.S.S.R...........................
Other Eastern E urope.............
164,805
563,585
211,874
116,481
1,346,421
1,924,391
164,753
1,895,674
526,395
367,002
437,209
137,380
512,240
1,535,726
38,991
5,322,191
41,860
852,416
6,936
31,377
160,404
537,221
202,156
111,940
1,252,022
1,852,226
127,591
1,857,552
434,223
332,004
355,887
76,635
493,123
1,361,528
34,991
5,101,153
40,762
675,162
6,715
29,452
44,709
301,640
79,245
46,391
608,171.
245,857
64,219
353,614
103,281
102,549
350,647
67,665
122,642
362,770
34,286
4,338,347
15,753
57,046
6,424
22,881
67,800
198,450
71,610
13,700
496,058
1,348,050
24,500
1,443,490
315,900
51,028
Total Europe.....................
16,197,707
15,042,747
7,328,137
3,097,272
2,788,230
Latin America?
Argentina............. ...........
Brazil............................ .
Chile.......... ...................
Colombia........... .............. .
Cuba.............................. .
Mexico................... .........
Panama....... ..................... .
P e r u.............................. .
Uruguay........................... .
Venezuela.... ....................,
Other Latin American Republics..,
Bahamas and Bermuda............ .
Netherlands Antilles and Surinam
Other Latin America...............
430,934
276,835
250,730
155,690
8,859
725,857
162,946
280,640
143,473
852,589
511,636
275,593
108,091
17,578
142,566
193,255
75,492
57,786
974
407,649
20,065
89,611
28,834
411,478
237,268
170,340
30,510
1,155
Total Latin America...............
4,201,451
Asia;
China Mainland............ ...... .
Hong K o n g ........ ................ .
India............................. .
Indonesia.......................,.,
Israel............................ .
Japan............................. .
Kor e a............................. .
Philippines.......................
Taiwan.............................
Thailand...........................
Other Asi a .........................
Country
Canada...............................
Deposits 2/
U. S.
Treasury
bills and
certif
icates
Other
To all other foreigners
Total
13
15,042
178,427
5,240
8,970
26,981
842,886
705
190,942
2,159
115,468
291
6,558
4,159
24,215
8,983
4,532
91,024
68,857
37,160
37,417
25,603
34,731
81,230
60,543
18,348
166,106
4,000
194,921
1,068
25*169
221
1,925
5,627,333
2,087,277
3,212
2,114,977
533,195
140,058
78,644
161,433
74,884
56,627
974
217,493
18,925
89,026
27,625
408,653
151,126
159,892
15,114
1,062
21,600
75
42,322
31,747
608
1,159
75,000
1,8
1,461,478
138,449
35,286
224,114
328,072
39,860
126,734
2,460,594
194,721
299,092
221,212
654,944
829,671
29,632
92,600
303,752
38,136
116,046
2,420,056
191,623
204,085
204,651
648,383
712,852
29,132
73,265
50,760
28,217
93,444
1,236,018
181,108
179;998
159,705
244,528
375,871
343,500
155,872
571,864
22,850
502,648
25,382
5,157
11,235
47,895
37,131
51,301
51,849
147,793
258,319
38,872
60,448
3,949
22,135
8,158
4,315
82,134
57,420
36,628
33,982
18,591
32,634
75,638
55,477
16,069
104,313
3,953
134,941
998
15,655
221
1,875
5
73
378
6,218
7,197
23
1,575
1,161
1,050
57
1,058
140
19,426
4
22,124
238
Other
205
2.007
447
217
2,672
4,240
509
1,860
5,851
1,047
5,535
4.008
2,139
42,367
43
37,856
70
9,276
242
2,149
735
9
3,375
3,308
2
705
6 6 ,569
267
92
202
769
8,092
26,117
30
152,085
31
19
709,086”
60,758
120,368
264,748
302,608
249,854
14,287
38,467
6,434
115,156
1,140
585
1,209
2,825
60,760
5,291
4,161
93
288,302
83,116
175,159
97,883
7,885
317,019
142,881
190,999
114,591
440,691
274,368
98,858
77,581
16,276
284,229
81,817
173,719
94.612
7,625
305,968
100,080
183,839
105,679
435,510
260,547
86.612
52,280
15,957
6
288
509
98
120
4,761
2,116
95
104
200
1,417
6,790
5,885
26
4,067
1,011
931
3,173
140
6,290
40,685
7,065
8,808
4,981
12,404
5,456
19,416
293
267,056
2,325,609
2,188,474
22,415
114,720
8,859
500
18,775
20,992
119
17,551
661,578
10,515
24,087
5,407
127,560
22,658
1,724
10,466
37,503
3,054
87,865
16,457
6,551
113,605
143
247
3,662
426
149
1,236
1,135
8,300
397,240
171,626
6,615
165,355
5,654
131,365
23,084
1,724
10,688
39,404
3,098
93,464
16,561
6,558
115,419
560
232,000
9,800
5,051
522,460
U. S.
Treasury
Deposits lj bills and
certif
icates
Short-term
liabilities
payable
in
foreign
currencies
36,646
464
79
21
1,189
30
48
420
6,395
147
1,543
827
222
766
44
5,590
104
7
987
2,114
12,055
5,465
1,134
3
1,400
Total Asia.........................
5,414,300
4,961,816
2,652,046
1,347,037
962,733
447,019
432,850
Africa:
Congo (Kinshasa)..................
Morocco............................
South A f r i c a ......................
United Arab Republic (Egypt)....
Other Africa......................
30,202
16,525
61,044
18,076
200,554
27,803
12,945
56,506
14,952
159,515
7,627
12,441
53,037
11,409
99,252
18,400
2,000
3,300
54,050
1,776
504
1,469
243
6,213
2,399
3,580
4,442
3,123
40,947
2,399
2,968
4,415
3,123
36,697
54
4,196
96
1
92
Total Africa......................
326,401
271,721
183,766
77,750
10,205
54,491
49,602
54
4,835
189
Other countries:
Australia..........................
All other..........................
284,743
26,769
265,958
18,911
94,596
13,702
17,562
5,209
13,595
7,309
13,353
7,117
144
192
5,190
549
Total other countries............
311,512
284,869
108,298
153,800
22,771
20,904
20,470
144
290
5,739
1,173,846
6,617
77,476
19,465
69
1,173,786
6,617
77,338
19,464
67
135,096
5,508
26,238
10,464
67
967,173
71,517
1,109
37,600
International and regional:
International 2 / . . 7 .... ..........
European regional.................
Latin American regional..........
Asian regional....................
African regional..................
Total international and regional 2/
Grand total 2 / ....................
153,8
13,500
9,000
1,277,473
1,277,272
177,373
989,673
110,226
30,826,116
26,493,638
14,026,075
8,867,237
3,600,326
1/ For exclusions see headnote-on page 79.
2/ Data exclude the "holdings of dollars" of the International Monetary
Fund. For explanation see headnote on page 79.
2/ Grand total includes $10,319,414 thousand of demand deposits and
$3,706,661 thousand of time deposits, but excludes negotiable
60
60
138
1
2
138
1
2
201
201
4, 041,044 3,650,537
612
27
99,772
291,434
time certificates of deposit, which are included in "Other."
lj Grand total includes $1,576,138 thousand of demand deposits and
$2,074,399 thousand of time deposits, but excludes negotiable
time certificates of deposit, which are included in "Other."
March 1968
93
_____________________________ CAPITAL M OVEM ENTS___________________________
S ection III - Prelim inary D etails by Countries
Table 2. - Short-T erm Banking Claims on Foreigners as o f January 31, 1968 1/
(Position in thousands of dollars)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Country
Europe:
Austria...........................
Belgium............... ...........
Denmark..........................
Finland.............. ............
France............................
Germany...........................
Greece............................
Total
short
term
claims
Total
Other Eastern Europe............
9,877
4.7,730
34,377
77,717
57,665
14.2,594
19,39450,882
37,961
60,790
20,568
54,323
65,4-96
105,636
37,360
229,952
14,711
31,354
2,779
21,030
9,270
43,736
33,234
77,626
48,235
93,477
18,410
46,250
28,655
59,925
20,390
53,182
63,133
75,312
37,298
182,319
14,643
30,893
2,764
Total Europe.....................
1,122,196
959,782
553,689
409,883
217,836
196,716
195,223
200,915
14,659
952,933
52,328
247,663
40,061
224,330
266,072
53,365
Netherlands.......................
Norway............................
Portugal.......................
Spain.............................
Sweden............................
Switzerland......................
Turkey..................... .
United Kingdom...................
Yugoslavia............... ........
Other Western Europe........ .
Canada..............................
Latin America:
Argentina.........................
Brazil............................
Chile.............................
Colombia..........................
Cuba..................... ........
Mexico............................
Panama............................
Pe r u ........... ..................
Uruguay...........................
Venezuela.........................
Other Latin American Republics..
Bahamas and Bermuda.............
Netherlands Antilles and
Surinam........ .................
Ot her Lat in Amer i ca .............
Foreign
banks and
official
insti
tutions
Other
Other
Total
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Foreign
government
obligations
and commer
cial and
finance
paper
3
-
596
3,862
1,128
75
7,757
46,879
763
4,440
9,299
Other
11
132
15
16
1,670
2,238
221
192
7
1
265
7
1,328
2
8,714
18
-
2,304
22,235
4,243
748
5,005
33,548
3,676
6,749
2,667
13,793
4,093
17,215
1,836
31,824
152
20,645
32
16,993
_
1,248
1,819
7,990
3,676
1,457
22,527
20,856
9,461
24,342
7,715
4,322
3,148
16,779
6,615
10,608
908
23,593
644
3,319
1,586
1,287
286
1,530
21,450
67,942
5,781
13,575
3,000
1,526
6,018
31,622
1,386
9,355
36,036
4,589
41,305
2,545
4,505
8,292
1,601
3,629
160
59
3,332
4,291
821
2,539
3,453
697
1,109
1,625
8,639
5,629
43,515
50
6
473
607
3,994
1,143
91
9,430
49,117
984
4,632
9,306
865
178
1,141
2,363
30,324
62
47,633
68
15
-
178
876
2,356
28,996
60
38,919
68
443
15
-
255,753
189,006
172,652
260,743
81,628
162,414
147,574
3
14,837
23,758
170,398
13,833
50,925 150,969
143,806
64,925
58,644
20,237
217,649
193,775
195,214
200,308
14,632
917,920
52,313
247,639
38,436
214,323
265,858
53,117
41,426
90,970
17,963
33,340
388,572
18,951
54,261
12,457
29,434
58,253
12,694
65,661
54,838
62,184
53,334
126
257,640
17,911
72,973
8,666
78,136
41,559
25,965
41,784
39,847
29,707
17,317
14,506
52,153
8,891
19,429
1,357
1,061
2,639,504
21,030
3,260
8,352
3,705
7,420
11,590
21,207
1,452
11,094
8,802
9,491
10,654
8,208
10,007
22,662'
36,238
53,261
11,422
6,026
1,172
9,730
Collections
outstanding
for own
account and
domestic
customers
Accept
ances
made for
account
of
foreign
ers
461
864
97,443
5,734
61,189
7,237
84,724
94,094
191,095
3,393
76,328
8,557
42,606
66,131
7,118
7,589
883
636
2,223
28,460
657
763
238
2,083
2,472
1,606
187
2,941
9
607
27
35,013
15
24
1,625
10,007
214
748
4
8
1
59
19
6,877
23
533
122
673
10,431
500
-
183
2,933
8
548
8
17,705
15
1
1,625
8,974
92
75
3,175
1,153
4,340
15,348
19
113
1,754
10
36
10
14
-
22
760,739
743,321
443,476
642,604 49,364
51,463
8,343
10,931
32,189
72.7
26,453
13,648
5,245
50,278
3,138,233
48,287
286,604
41,269
104,802
124,757
727
6,214
6,436
51
17,140
462,849
2,881
201,339
13,008
25,811
38,048
_
6,192
987
9,263
25,281
732
31,815
1,822
6,134
8,867
_
7,394
6 ,046
5,194
5,382
663,576
33,112
17,011
6,901
10,602
52,715
_
_
1,396
5,257
5
174
346
18,14"/
1,865,884 120,643
10,608
954
2,211
34,228
_
19,538
62,208
47
1,222
23,905
5
62
290
6
35,582
2,322
12
9
587
5
62
288
34,968
2,114
7
470
138
-
2
6
614
70
12
2
117
3,840,303
774,504
91,093
807,933
2,039,949 126,824
38,875
37,914
138
823
1,121
1,876
36,809
11,835
49,409
1,121
1,876
35,235
11,531
49,223
1
417
1,681
933
8,088
135
48
1
14,008
123
1,253
17,047
2,590
20,501
862
158
6,995
8,007
6,228
861
398
1,574
304
186
85
304
115
-
1,489
71
101,050
98,986
11,120
22,840
41,514
22,253
1,259
2,064
504
-
Other countries:
Australia.........................
All other........................
1,560
=====
57,501
12,627
53,648
12,465
5,939
-
8,383
722
27,003
10,643
11,299
74;
1,024
357
3,853
162
1,459
150
-
2,394
12
Total other countries...........
70,128
66,113
5,939
9,105
37,646
12,04^
1,381
4,015
1,609
-
2,406
_____
European regional................
Latin American regional.........
Asian regional...................
African regional.................
1
180
10
-
1
180
10
-
1
-
180
-
-
-
-
-
-
-
-
-
10
-
-
-
Total international and regional
191
191
1
180
10
_
_
_
_
_
_
3,028,51^ 411,425
402,637
260,869
69,716
72,052
8,901,
19,465
Total Latin America............. 2,690,967
Asia:
China Mainland...................
732
Hong K o n g ..... ..................
26,515
India.............. ..............
13,938
Indonesia.........................
5,245
Israel........ ............. ......
50,284
Japan............................. 3,173,815
K o r e a........... .................
48,287
Philippines......................
288,926
Taiwan....................... .
41,281
Thailand......... ................
104,811
Other A s i a.......................
125,344
Total As i a ......................
3,879,178
Africa:
Congo (Kinshasa).................
Morocco................... .......
South Africa.....................
United Arab Republic (Egypt)....
Other Africa.......... ...........
Total Africa....i................
8,648
11,401
43,314
8,518
62,064
'
International and regional:
Grand total......................... 8,417,399
1/
8,014,762
-
1,831,814
Excludes foreign currencies held by U.S. monetary authorities.
-
1,225,943
1,517,064
-
Treasury Bulletin
94
_______________________________________ CAPITAL M OVEM EN TS______________
Section III - P relim in a ry D etails by C ountries
T able 3. - Long-Term Banking L ia b ilitie s to and Claim s on F oreigners as o f January 31, 1968
(Position in thousands of dollars)
Long-term claims payable in dollars
Country
Europe:
Austria................................ .........
Belgium..........................................
Dfintnflrlf....................... ..................
Finland.......................... ...............
France...........................................
Germany.........................................
Greece...........................................
Italy............................................
Netherlands.....................................
Norway...........................................
Portugal........................................
Spain............................................
Sweden...........................................
Switzerland.....................................
Turkey...........................................
United Kingdom..................................
Yugoslavia......................................
Other Western Europe...........................
Total
long-term
liabilities
Total
long-term
claims
7,232
70,725
9,768
63,666
44,883
53,556
89,807
50,185
1,057
117,815
Other Eastern Europe.................... ......
50
220
1,181
6,000
15
50
419
2,676
15,717
50
-
Total Europe....................................
26,378
Canada.............................................
100
245, 586
25,216
1,148
634
161,383
655
901
30
17,872
2,982
6,309
5,250
467,966
Total
Loans
Long-term
claims
payable in
foreign
currencies
Other
7,232
70,725
9,768
61,088
44,883
53,552
89,618
50,185
1,057
117,815
46,261
59,461
30,963
10,270
1,335
57,321
11,905
19,037
21,433
6,224
70,725
9,447
59,708
38,474
53,158
89,281
48,131
18
117,738
44,194
54,813
25,919
9,407
1,320
53,436
10,975
18,696
21,433
321
1,380
6,409
394
337
2,054
1,039
77
2,067
4,648
5,044
863
15
3,885
930
341
-
2,578
4
189
-
766,680
763,909
733,097
30,812
2,771
415,810
411,831
373,127
38,704
3,979
155,767
101,457
53,431
64,660
594
583,776
67,325
181,314
58,845
76,978
124,509
27,531
13,846
2,642
155,767
101,457
53,431
64,418
594
579,337
67,325
181,314
58,845
76,781
124,509
27,531
13,846
2,642
139,370
70 .,192
52 .,273
59', 636
533,139
66,453
177 ,648
58,675
72,690
123,130
27,385
12,236
2,622
16,397
31,265
1,158
4,782
594
46,198
872
3,666
170
4,091
1,379
-
1,512,675
1,507,797
1,395,449
112,348
4,439
197
4,878
1,028
111,350
510,646
43,700
47,539
12,100
204,607
336,142
2,387
32,571
514
20,062
176,208
48,417
201,959
5,823
18,167
99,838
2,387
32,571
514
20,062
176,208
48,417
201,700
5,823
18,167
99,405
2,387
31,792
514
18,270
160,467
18,244
189,692
5,810
18,145
96,715
779
1,792
15,741
30,173
12,008
13
22
2,690
259
433
1,267,112
605,946
605,254
542,036
63,218
692
United Arab Republic (Egypt)..................
Other A frica....................................
677
540
896
871
40,793
8,261
176,292
896
871
40,793
8,261
176,292
896
871
40,730
8,225
169,1-24
63
36
7,168
_
-
Total Africa....................... ............
Latin America:
Argentina.......................................
Brazil.......................... ......... ......
Chile............................................
Colombia........................................
Cuba............. ...............................
Mexico..........................................
Panama...........................................
P e r u .............................................
Uruguay.........................................
Venezuela.......................................
Other Latin American Republics................
Bahamas and Bermuda............................
Netherlands Antilles and Surinam.............
Other Latin A merica............................
Total Latin America............................
Asia:
China Mainland.................. ...............
Hong K ong.......................................
India............................................
Indonesia............. ................ ..........
Israel...........................................
Japan........................ ...................
Korea............................................
Philippines.................. ...................
Taiwan................ ............ ..............
Thailand........................................
Other A s i a.................. ....................
Total Asi a ......................................
-
46,261
59,461
30,963
10,270
1,335
57,321
11,905
19,037
21,433
-
1,008
-
146
1,610
20
242
-
Africa:
Morocco..........................................
1,217
227,113
227,113
219,846
7,267
-
Other countries:
Australia.......................................
All other.......................................
45,000
7
268,629
34,079
268,629
34,079
265,935
34,068
2,694
11
_
-
Total other countries..........................
45,007
302,708
302,708
300,003
2,705
-
393,500
13,000
244,300
2,800
-
2,800
-
2,800
-
-
_
-
International and regional:
International...................................
Latin American regional........................
Asian regional..................................
22,300
Total international and regional.............
673,100
2,800
2,800
2,800
_
_
Grand tot a l .......................................
2,480,880
3,833,732
3,821,412
3,566,358
255,054
12,320
March 1968
95
CAPITAL MOVEMENTS
S ection III - P relim inary D etails by C ou n tries
T able 4. - Purchases and Sales o f Long-Term Securities by F oreigners During January 19681/
(in thousands of dollars)
Sales by foreigners
Purchases by foreigners
Country
Eur o p e :
Austria...............
Belgium...............
D enmark...............
Finland...............
France................
Germany...............
G reece......... ......
It aly.................
Netherlands..........
Norway................
Portugal........
Sp a i n.................
Sweden................
Switzerland...........
Tur k e y................
United Kingdom.......
Yugoslavia...........
Other Western Europe.
U.S.S.R...............
Other Eastern Europe.
Total Europe.
Canada........
U. S.
Total
purchases Government
bonds and
notes
5,177
17,760
2,542
901
76,617
43,241
372
21,138
42,190
11,902
1,955
5,265
4,242
378,195
36
127,913
118
3,536
1,062
4,819
28,969
17,024
8,122
10,830
23
7
Bonds
57
1,782
885
899
2,017
4,080
1,865
253
2,062
487
11
10
13,937
1,667
849
r
565
5,861
20
47
74
19
6,839
10,108
6,034
747
11,587
1,313
37
66,009
26,207
369
14,850
24,743
1,898
1,592
6,829
3,294
310,112
26
118,529
315
169
6,852
Stocks
122
3,013
1,223
7
100
501
4,464
1,373
1,475
201
70
222
2,207
46,523
19,489
6,916
710
8,082
214
15
55,271
23,£
363
12,384
21,856
1,122
1,427
5,924
791
237,140
24
71, C
14
246
5,722
205
7
Stocks
35
1,057
482
1,869
398
22
4,367
374
993
465
37
48
11
252
17,750
1
579
14
3,236
722
6
93
847
37
47
665
7,912
44
4,235
2
13,124
739
131
34,131
526,635
38,768
23,840
595,002
24,910
65,043 446,029
35,237
23,783
3,947
188,763
27,935
40,013
548,261
193,010
37,185 136,388
131,614
50,064
11
139
14
30
32
17
24
22
312
18
29
34
473
101
2,206
405
383
146
45
44
2,275
1,467
1,311
1,503
25
6,935
5,047
753
2,945
5,424
1,878
38,653
26,784.
356
2,487
1,549
1,077
622
12
7,501
6,449
797
2,473
5,491,236
41,762
28,986
302
95,356
4,155
1,981
185
800
589
39
25,447
860
2
4,952
4,258
3
2,192
18
2,885
1,515
391
542
14C
122
371
85
7,065
1,776
4,507
10,581
79
32S
11
75
15,308
150
111
39
24,265
49
2
2,698
2,023
3
1,562
62
75
14,903
53,200
229
1,14:
45,681
3,991
174
517
64
571
65
97
37
825
145
1,376
1,586
26
30
40
1
281
122
203
72
624
175
2,376
321
210
903
142
7
87
69
82
947
598
13
4,519
2,945
349
301
2,994
26
51
74
61
5,78:
2,963
3,324
9,957
80,002
210
374
1C
212
2,157
60,108
360
1,184
40,773
10
4,482
a
110
6
19
150
353
1
Other countries:
Australia.............
All other.............
208
548
2,189
1,466
955
621
12
5,8SC
5,608
551
2,263
4,727
918
29,660
25,078
74
134
277
1
955
3
22,526
35
2,059
14,592
229
29
27
162
28
63
179
2,418
157
319
15,352
1,014
13
93
136
16
3,005
100,747
19
21,292
25
59
2,12C
1,37'
1
1,17C
148
49
14,529
2,014
704
19
95
1,091
16
3,261
65
523
2,468
2,000
12,320
27
900
87
541
178
348
9
270
316
145
16,182
1,609
191
18
78
1,015
6
1,836
13
52
177
6
299
1,524.
___ 6
3,263
1,146
2,953
547
1,524
844
20
618
207
919
1,101
48
2,96;
638
1,126
37,338
88
724
28,131
1,442
24
Total other countries.
International and regional:
if
Bonds
Bonds
196
Africa:
Congo (Kinshasa).............
M orocco.............. .
South Africa..................
United Arab Republic (Egypt).
Other Africa..................
Total Africa.
Total international and regional...
1
Corporate and
other
309,629
116,580
Grand T o t a l ............................
1,695
U. S.
Government
bonds and
notes
759,078
Total Latin America...............
International..............
European regional..........
Latin American regional....
Asian regional............ .
Stocks
Total
sales
Stocks
11,741
4,344
6
3,821
3,166
8,844
34
167
3,343
70,376
213
196
2,385
1,639
1,349
1,555
25
7,784
6,229
966
3,166
6,365
2,119
51,634
30,625
739
Total Asia.
Bonds
5,002
10,747
495
2
60,979
33,968
365
14,864
32,910
976
1,387
5,006
870
282,224
36
65,778
100
19,436
Latin America:
Argentina..........................
Brazil.............................
C hile..............................
Colombia...........................
Cuba...............................
Mex i c o.............................
Panama.............................
P e r u ...............................
Uruguay........................... .
Venezuela..........................
Other Latin American Republics...
Bahamas and Bermuda...............
Netherlands Antilles and Surinam.
Other Latin America...............
Asia:
China Mainland.
Hong K o n g ......
India..........
Indonesia......
Israel.........
Ja p a n..........
Ko r e a..........
Philippines....
Taiwan.........
Thailand.......
Other A s i a....
Corporate and
other
Foreign securities
Domestic securities
Foreign securities
Domestic securities
724
362
60
41
266
60
54
49
422
~41
326
54
87,531
24
15,296
275
24
71,955
15,296
299
71,955
128,744 704,364
261,085
64
38,150
724
28,131
1,466
7,82.9
43,538
225,172
862,290
84,973
For exclusions see headnote on page 79.
48
1
7,765
1,284,081
838
87,555
68,108
1,395,048
221,604
79,251
Treasury Bulletin
96
.CAPITAL M O VEM EN TS.
Section IV - Supplementary Data by Countries
Table 1. - Short-Term L iabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1966
1965
1967
Country
September
December 1/
E urope:
A ustria..................... ..... .
Belgium......... ................. .
Denmark......... ...............
Finland.......................... .
F rance............................ .
Germany..,....... ................. .
G reece............................ .
Italy .................. ........... .
N ether lands...................... .
No r w a y .............................
Portugal...........................
Spain............................. .
Sweden.............................
Switzerland...................... .
Turkey............................ .
United Kingdom................... .
Yugoslavia....................... .
Other Western Europe............ .
U.S.S.R........................... .
Other Eastern Europe........
2,286
23*300
1,287
521
50,691
58,857
6,556
18,169
44,764
1,985
5,736
12,509
11,004
49,325
4,392
132,385
621
5,711
148
309
2,319
27,630
Total Europe........... ...........
September
607
50,970
70,791
3,284
17,879
55,148
1,628
3,458
20,563
10,449
39,361
4,248
136,908
1,370
3,494
50
2,029
2,065
29,996
746
680
44,937
59,919
2,998
22,710
54,116
2,153
6,647
20,853
11,724
45,369
4,184
139,313
1,148
3,867
127
779
430,556
452,816
Canada.............................. .
84,257
Latin A merica?
Argentina......................... .
Brazil.........................
Chile............................. .
Colombia.......................... .
Cuba............................... .
Mexico............................ .
P anama .......... ........... ......
P e r u ........................- .....
Uruguay...........................
Venezuela. . ........... ............
Other Latin American Republics..
Bahamas and Bermuda.............
Netherlands Antilles and Surinam
Other Latin America..............
Total Latin America.............
December
June
September p
60,788
4,004
141,158
1,053
2,430
73
438
3,069
29,674
2,399
953
56,587
80,933
1,962
51,881
66,949
2,148
5,760
24,960
14,380
57,699
4,078
201,374
2,059
3,214
133
841
1,884
32,405
3,244
766
61,839
78,099
2,109
54,082
67,729
2,333
8/723
26,526
16,939
58,267
2,205
207,747
935
3,864
308
_____ 541
1,500
33,791
5,334
905
60,672
80,811
2,412
62,335
79,786
2,311
7,342
29,504
19,387
47,264
1,785
236,139
792
4,679
156
777
2,455
27,736
7,527
1,558
54,879
85,204
2,458
64,982
78,133
3,313
5,086
36,067
20,693
51,359
1,694
233,525
206
4,554
110
694
454,331
502,130
611,053
630,545
677,682
682,233
820.279
93,989
120,040
116,894
137,554
146,357
172,707
198,843
190,000
3,043
14,228
4,378
12,757
153
4,201
12,092
6,307
1,022
19,833
14,747
1,908
8,407
1,570
4,151
12,771
4,401
9,295
147
4,718
.10,986
' 5,615
934
21,666
16,311
1,959
6,968
1,610
5,827
11,372
4,900
8,113
148
8,803
9,468
6,532
1,628
26,514
11,411
2,165
7,159
1,350
5,331
11,049
4,070
7,199
146
9,631
4,050
5,201
1,298
25,561
12,051
1,172
9,287
1,505
5,664
9,070
3,181
5,464
273
10,409
9,145
5,839
1,388
25,276
18,473
1,592
6,913
1,739
5,511
10,455
4,249
6,590
282
11,C86
9,744
7,191
1,154
36,296
19,897
3,142
7,197
962
2,649
10,822
4,520
4,840
257
15,851
3,838
6,428
1,364
38,072
15,150
6,660
6,135
1,459
3,631
10,058
5,970
9,033
256
15,541
2,524
5,406
1,066
37,172
17,142
4,822
8,348
1,358
4,336
9,618
7,028
13,004
630
3,311
31,913
1,617
668
48,189
69,543
3,000
26,513
64,870
1,727
6,202
22,603
12,030
1,700
32,279
7,943
2,287
60,769
94,304
2,999
65,622
82,346
3,236
5,863
34,887
23,708
84,474
2,127
311,522
601
2,875
212
____ 525-
240
11,607
2,125
6,798
1,385
35,639
19,329
4,413
5,298
1,317
104,646
101,532
105,390
97,551
104,426
123,756
118,045
122,327
122,137
Asia:
China Mainland............ .......
Hong Kong......... ...............
India.... ........... ...........
Indonesia............. ............
Israel......-......................
Japan............................ .
Korea.............................
Philippines............ ..........
Taiwan............................
Thailand.... .....................
Other Asia.......................
1,372
2,238
26,199
9,205
2,627
28,293
473
5,931
676
630
31,389
1,397
1,973
24,873
9,417
2,895
32,055
780
5,817
1,301
1,923
24,524
10,000
1,767
30,952
1,046
851
6,747
4,520
1,453
33,099
1,066
2,206
20,189
10,187
2,387
27,140
1,589
6,920
5,762
1,408
36,766
1,077
2,286
17,143
2,256
2,271
22,802
3,815
7,215
7,227
1,061
33,967
1,086
3,017
16,828
1,900
2,356
27,017
2,864
7,234
4,191
3,729
29,535
1,102
3,830
13,499
2,116
474
29,529
1,545
6,127
5,044
3,847
39,503
981
4,045
15,131
3,722
660
37,548
1,808
6,824
2,005
3,586
38,102
717
4,092
11,895
5,188
1,158
44.217
882
7,122
1,351
4,843
44.217
Total A s i a . ......................
1,004
26,842
109,033
112,972
112,264
115,620
101,120
99,757
106,616
114,412
125,682
Af r i c a :
Congo (Kinshasa).................
M o r occo...........................
South Africa......................
United Arab Republic (Egypt)— .
Other A f rica......... ......... .
442
15,562
1,114
5,729
675
349
10,752
1,210
6,734
854
451
10,941
1,228
8,932
498
411
10,939
1,554
8,334
373
9,955
1,577
6,141
637
359
16,809
1,226
5,205
701
445
5,324
1,979
7,036
716
583
8,098
1,932
7,593
6,864
2,520
10,985
21,736
18,913
24,236
15,485
18,922
21,471
58,399
6,027
51,811
6,025
49,229
6,749
61,399
8,115
64,426
57,836
55,978
69,514
38
27
31
Total Africa.....................
23,116
19,720
22,406
Other countries:
Australia.........................
All other.........................
21,040
6,424
22,723
6,518
31,352
3,501
34,941
4,989
50,986
3,941
Total other countries............
27,464
29,241
34,853
39,930
54,927
International and regional:
International....................
European regional---------------Latin American regional.........
75
24
84
24
38
25
26
13
15
63
Total international ana regional
Grand to t a l .................. .
108
779,171
810,378 1/
731
371
63
39
78
12
38
27
31
849,347
893,900
1,028,071
1,089,089
1,148,409
1,192,742
1,349,114
Note: Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States. Data
exclude intercompany accounts between firms in the United States and
1/
their affiliates abroad. The detailed breakdown of the most recent
data is shown in Table 3 of this Section.
Includes $3,357 thousand of liabilities arising from revisions of
reported data beginning December 31, 1965.
p
Preliminary.
March 1 968
97
________________________ CAPITAL M OVEM ENTS_________________________
Section IV - Supplementary Data by Countries
Table 2. -Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1965
1967
1966
Country
September
Eu r o p e :
Austria........ .....................
Belgium........ ............. .......
D enmark............................ .
5,608
20,041
10,895
5,518
80,503
December 1/
June
September
7,845
46,056
8,385
5,581
97,433
118,082
11,109
117,830
48,289
7,212
41,566
10,242
4,264
102,442
119,919
15,207
106,994
41,799
8,677
6,075
51,152
27,238
21,889
598,787
3,988
9,182
114
2,389
7,644
53,015
13,705
4,121
110,288
126,617
14,984
101,000
47,991
8,180
6,677
61,143
36,035
17,876
5,935
579,111
3,907
11,488
73
2,189
8,818
56,252
28,233
19,884
10,489
440,377
1,994
8,984
110
2,586
6,577
44,817
7,995
5,527
93,829
97,762
18,149
110,571
41,873
6,969
7,582
63,120
29,898
20,000
6,373
492,056
1,885
9,402
974
4,838
December 2/
June
March
8,396
62,881
11,257
4,470
September p
1,975
2,030
6,019
44,685
8,974
5,564
81,636
111,834
13,034
76,586
40,704
7,524
4,993
49,969
19,772
26,517
7,448
322,809
2,250
8,317
1,066
2,029
Total Europe.................... .
797,104
827,830
841,730
1,046,823
1,070,197
1,185,372
1,211,979
1,296,211
1,157,875
1,147,373
Canada.................................
752,726
684,861
598,739
566,436
508,933
489,397
481,925
494,355
460,287
36,617
90,645
30,309
20,601
3,972
71,134
11,761
25,629
10,556
47,146
53,255
5,418
4,699
9,779
31,911
93,562
30,876
20,127
3,096
81,647
13,372
29,041
8,469
49,981
58,651
8,425
3,580
9,395
31,156
93,270
30,193
19,498
3,096
76,393
13,287
27,989
8,399
49,359
55,404
8,423
3,548
9,227
34,338
79,773
30,984
20,924
3,010
73,742
10,614
30,281
7,053
52,270
55,864
12,339
3,848
8,586
550,379
~
35,034
78,474
30,966
22,084
2,846
78,861
12,594
27,897
5,098
49,289
54,543
8,074
2,971
9,190
36,786
72,672
30,958
20,945
39,278
64,654
31,772
25,338
2,543
94,764
12,497
31,095
6,952
34,946
59,671
31,317
24,170
60,280
17,540
4,483
9,850
39,045
60,674
29,929
23,552
2,473
96,002
11,496
31,480
6,517
55,703
62,220
11,756
4,521
9,333
52,676
56,104
20,851
4,763
9,736
29,354
74,623
26,268
20,256
2,340
117,524
13,327
32,037
6,315
53,861
58,766
25,453
4,676
7,374
421,521
442,133
429,242
423,676
417,921
422,400
463,410
444,701
'469,365
472,174
151
7,697
35,552
3,569
5,115
167,625
14,238
13,940
5,179
6,881
68,143
22
6,615
36,806
3,434
5,908
170,452
12,915
17,029
5,597
5,625
66,956
22
6,615
36,326
3,122
5,8 47
161,993
12,678
16,915
5,425
5,626
110
65,868
14
4,828
34,587
2,869
5,077
172,465
5,539
15,922
5,907
7,731
76,314
29,216
2,874
3,564
154,801
3,579
18,156
4,295
9,280
76,332
62
6,479
32,388
2,819
4,568
145,833
5,127
17,108
4,618
10,592
69,103
33
7,078
33,870
6,570
4,620
163,895
5,084
17,422
7,163
11,006
74,649
87
6,677
33,341
4,990
4,727
162,634
6,806
17,112
11,997
9,942
87,588
143
8,596
35,375
4,605
4,244
178,545
6,207
22,550
9,621
8,150
78,583
115
11,156
38,819
2,631
5,309
194,938
7,923
21,565
9,864
10,244
77,830
328,090
331,359
320,437
331,253
308,845
298,697
331,390
345,901
356,619
380,394
United Arab Republic (Egypt).....
Other Africa........................
995
1,021
23,104
14,440
26,932
1,725
1,532
20,012
9,920
28,296
1,719
1,520
19,620
9,916
27,853
2,080
1,621
18,186
10,639
25,558
1,431
2,499
17,918
16,803
27,369
1,739
1,204
16,859
11,384
27,931
1,694
2,743
23,531
10,786
30,013
1,607
3,015
16,036
9,431
31,771
1,799
2,316
16,325
6,851
30,635
1,862
1,591
14,495
6,689
29,587
Total Africa.......................
66,492
61,485
60,628
58,084
66,020
59,117
68,767
61,860
57,926
54,224
33,239
6,805
40,173
8,423
39,953
8,354
39,541
6,988
45,127
9,914
56,529
6,611
57,600
8,049
53,751
7,635
44,140
6,134
44,315
6,526
Total other countries.............
40,044
48,596
48,307
46,529
55,041
63,140
65,649
61,386
50,274
50,841
International and regional:
International......................
European regional..................
Latin American regional...........
Asian regional.....................
131
45
5
301
301
59
7
290
20
69
287
69
231
468
343
58
9
281
13
19
4 08
4
26
554
129
68
13
Fran c e.... .............. ...........
Germany............................ .
G reece...............................
Italy.............................. .
Netherlands.........................
N o r w a y .......... ....................
Portugal.................... .......
S pain.......... ...... ..............
Switzerland............. ...........
Turkey........................... .
United Kingdom.......... „..........
Yugoslavia..........................
Other Western Europe..............
104,886
9,674
76,156
29,825
7,255
6,551
47,870
19,528
40,153
7,894
309,748
4,576
7,792
656
6,051
38,545
9,261
6,128
81,745
112,124
13,357
77,383
40,998
7,580
5,005
50,126
19,840
26,557
7,536
311,874
2,250
8,374
1,066
March
8,486
Latin America:
Brazil..............................
Chile.... ..........................
Cu b a ................................
M exico..............................
Panama — ........ ..................
P e r u ................................
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics....
Bermuda................
Antilles and Surinam..
America..........
Total Latin America...............
Asia:
China Mainland.....................
Hong Kong...........................
Indonesia...........................
Israel..............................
Japan...............................
Philippines.........................
T a iwan..............................
Thailand............ ...............
6,638
6,236
2,640
78,004
12,104
27,842
6,222
49,364
59,340
10,752
4,067
10,704
62,364
121,902
16,792
98,068
45,364
6,515
6,026
75,828
17,713
26,305
6,531
646,391
4,246
12,267
153
2,874
9,205
39,396
9,662
5,266
101,977
122,177
18,207
80,385
46,521
6,981
6,807
62,189
18,237
23,735
9,330
576,606
3,041
13,212
1,286
3,655
6,663
45,457
9,203
5,758
99,090
117,697
19,828
92,689
44,789
7,522
5,584
77,977
20,163
24,111
3,468
542,156
3,319
12,560
1,491
2,848
122,232
2,422
124,819
10,270
28,974
8,646
Af r i c a :
M o r occo.............................
Other countries:
Australia.......................... .
All other...........................
Total international and regional..
Grand total...........................
59
7
163
300
-
-
-
-
-
-
-
-
_
181
367
367
379
587
410
313
438
764
2,396,631 1/ 2,299,450 1/ 2,473,180
2,468,990
931
2,538,590
2,692,297
2,586,852
2,566,057
2,406,158
Note: Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States. Data exclude
claims held through United States banks, and intercompany accounts
between firms in the United States and their affiliates abroad. The
detailed breakdown of the most recent data is shown in Table 3 of this
Section.
1/
2/
2,631,002 2/
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding d a t e ; figures in the second
column are comparable to thos« shown for the following date.
Data include $4,255 thousand of claims reported by firms reporting for
the first time.
p
Preliminary.
98
Treasury Bulletin
_____________________________________________ CAPITAL M O VEM EN TS________________________________________________
Section IV - Supplementary Data by Countries
Table 3. - Short-Term Liabilities to and Claims on Foreigners Reported by Nonbanking Concerns
Details as o f September 30, 1967p
(Position in thousands of dollars)
Liabilities
Country
Europe:
A u s t r i a ........................................
Belgium........................................
Denmark........................................
Finland.........................................
France.................................... .....
Germany......... ...............................
Greece.................... .....................
Italy...........................................
Netherlands....................................
Norway..........................................
Portugal.......................................
S p a i n ...........................................
Sw eden..........................................
Switzerland....................................
Turkey..........................................
United Kingdom.................................
Yugoslavia.....................................
Other Western Europe..........................
U.S.S.R........................................
Other Eastern E u r o p e..........................
Payable
in
foreign
currencies
Payable
in
dollars
Total
Claims
1,700
32,279
7,943
2,287
60,769
94,304
2,999
65,622
82,346
3,236
5,863
34,887
23,708
84,474
2,127
311,522
601
2,875
212
525
1,021
27,508
7,876
2,171
54,834
60,734
1,793
56,889
56,570
1,998
5,551
32,726
23,408
63,330
2,011
244,678
577
2,672.
212
461
Total Europe...................................
820,279
Canada............................................
190,000
4,336
.9,618
7,028
13,004
679
4,771
67
116
5,935
33,570
1,206
8,733
25,776
1,238
312
2,161
Payable
in
dollars
Total
Other
3,576
980
119
238
26,105
3,708
64
542,156
3,319
12,560
1,491
2,848
40,491
6,838
4,499
72,639
19,887
22,405
7,442
500,831
3,305
12,342
1,491
2, 690
647,020
173,259
1 ,147,373
1,022,639
65,311
59,423
129,043
60,957
460,287
314,462
37,126
108,699
765
1,634
740
2,877
10
702
286
26,477
71,489
24,921
17,561
307
111,551
12,337
29,671
235
23,920
5,045
141
23
349
29,354
74,623
26,268
20,256
2,340
117,524
13,327
32,037
6,315
53,861
58,766
25,453
4,676
7,374
49,692
24,314
4,464
6,920
963
1,331
262
502
2,033
359
234
192
14
3,670
4,348
802
89
249
1,914
1,803
1,085
2,193
_
5,614
756
2,174
161
3,742
4,726
337
123
205
432,293
15,048
24,833
114
_
200
4,663
49
28
56,874
902
97
342
5,679
1
645
1,419
12
601
31,945
235
1,396
136
410
4, 663
300
-
2,717
41,133
9,039
5,018
67,858
98,496
18,849
Deposits with
banks abroad
in reporter’
s
own name
370
3,344
45
502
5,127
15,493
559
3,497
3,633
532
265
3,817
98
908
830
26,080
9
137
65
21,144
116
66 ,844
24
203
6,663
45,457
9,203
5,758
99,090
117,697
19,828
92,689
44,789
7,522
5,584
77,977
20,163
24,111
Payable in foreign
currencies
84,669
8,468
420
4,523
665
152
820
1,521
178
798
196
15,245
5
81
93
Latin America:
Argentina......................................
Brazil..........................................
C hile...........................................
C olombia.......................................
C u b a ............................................
M e x i c o ..........................................
Pan a m a ..........................................
P e r u ............................................
U ruguay.........................................
Venezuela......................................
Other Latin American Republics...............
Bahamas and B ermuda...........................
Netherlands Antilles and S u r inam............
Other Latin A m e r i c a...........................
11,607
2,125
6,798
1,385
35,639
19,329
4,413
5,298
1,317
3,571
7,984
6,288
10,127
230
10,905
1,839
6,156
1,150
11,719
14,284
4,272
5,275
968
Total Latin A m e r i c a......... ..................
122,137
84,768
37,369
472,174
Asia:
China Mainland.................................
Hong K o n g ......................................
India...........................................
Indonesia......................................
Israel..........................................
Ja p a n ...........................................
K o r e a ...........................................
Philippines....................................
Taiwan..........................................
Thailand........................................
Other A s i a .....................................
717
4,092
11,895
5,188
1,158
44,217
882
7,122
1,351
4,843
44,217
717
3,450
10,195
5,162
964
34,853
787
5,239
969
4,196
32,125
1,700
26
194
9,364
95
1,883
382
647
12,092
115
11,156
38,819
2,631
5,309
194,938
7,923
21,565
9 ,864
10,244
77,830
125,682
98,657
27,025
380,394
270,078
68,853
41,463
731
371
235
163
247
392
1, 576
1,862
1, 591
14,495
6,689
29,587
769
1,095
13,587
3,659
24,108
222
291
2,058
2,313
64
1,029
274
617
972
3,166
Total A s i a .....................................
240
642
642
6,140
46,449
!
10,311
32,737
2, 570
4,680
106,119
7.669
19,267
9,631
9,492
67 ,488
Africa:
Congo (Kinshasa)..............................
Mo r o c c o ....................................
South A f r i c a ...................................
United Arab Republic (Egypt).................
Other A f r i c a...................................
6,864
2,520
10,985
496
208
6,617
2,128
9,409
Total Af r i c a ...................................
21,471
18,858
2,613
54,224
43,218
4,948
6,058
Other countries:
Australia......................................
All o ther......................................
61,399
8,115
40,117
6,608
21,282
1,507
44,315
6, 526
38,094
5,063
1,851
461
4,370
1,002
Total other countries.........................
69,514
46,725
22,789
50 ,841
43,157
2,312
5,372
31
31
-
554
129
68
13
_
_
_
International and regional:
International..................................
European regional .............................
Latin American regional.......................
Asian regional.................................
-
-
-
554
129
68
13
Total international and regional............
31
-
764
764
Grand t o t a l......................................
1,349,114
31
1,025,102
324,012
2,566,057
2,126,611
Note:
-
-
_
-
-
_
This table presents the detailed breakdown of the latest data that
are shown in Tables 1 and 2 of this section. Data are reported by
exporters, importers, industrial and commercial firms, and other
-
_
_
193,598
245,848
nonbanking concerns in the United States. Data exclude claims held
through United States banks, and intercompany accounts between firms
in the United States and fcheir affiliates abroad, p
Preliminary.
March 1968
99
__________________________ CAPITAL MOVEM ENTS___________________________
Section IV - Supplementary Data by Countries
Table 4. - Long-Term Liabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1965
1966
1967
Country
September
Eu r o p e :
Austria.............................
Belgium.............................
Denmark.............................
F inland.............................
F ra n c e ..............................
Germany.............................
G reece..............................
Italy...............................
N etherlands.........................
N orway ..............................
Portugal............................
Spain...............................
Sweden..............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe...............
-
December 1/
-
-
-
2,724
563
3,182
691
1,362
27,155
1
130
161
1,817
682
5,247
691
1,489
29,727
1
130
161
June
March
_
300
1,812
636
5,330
691
1,593
29,726
1
130
161
-
September
13
300
December 2/
_
300
906
_
535
30,966
691
1,753
26,387
4
128
161
125
19,850
112,026
26
_
_
-
26,334
3
171
261
700
35,161
_
124,297
71
_
_
-
601
7,394
_
4
569
33,223
78
March
June
September p
_
_
_
7,464
4,878
_
839
33,499
5
54,753
30,834
_
136
200
690
40,074
_
206,096
26
_
_
838
31,216
5
56,130
31,527
_
100
300
680
22,415
_
201,809
25
_
_
1,773
_
-
-
1,512
57,470
32
_
-
904
636
8,220
691
1,666
26,375
1
130
161
120
19,851
76,396
47
_
_
-
_
_
_
112,104
135,511
193,858
270,751
374,616
349,923
362,928
14,222
41,884
851
37,020
5
56,763
41,684
_
100
300
680
19,669
Total Europe................... .
48,184
2,759
36,400
2
_
31
79,137
Canada.................................
60,582
58,744
54,837
43,882
43;709
46,216
54,307
52.831
48.823
488
97
364
640
60
183
126
395
96
4
216
705
-
506
139
326
647
60
201
126
419
107
5
165
1,107
-
448
115
269
647
60
1,037
165
387
100
1
122
1,005
-
282
253
707
60
968
165
385
96
1
117
907
-
464
547
386
271
644
60
982
164
337
111
1
106
877
-
2,209
212
224
779
60
101
243
34
2,354
2,824
223
2,022
3,134
1,340
90
2,500
877
-
60
126
241
35
89
2,832
118
5,200
802
600
2,496
2,793
276
70
60
126
263
23
4,622
1,501
237
9,983
802
600
302
60
97
263
18
4,693
1,496
290
13,319
802
600
3,374
3,808
4,356
4,405
4,486
8,773
16,168
23,852
27,342
Hong Kong...........................
India...............................
Indonesia...........................
Israel..............................
Japan...............................
Korea...............................
Philippines.........................
Taiwan..............................
Thailand............................
Other A s i a ..........................
12
350
998
138
110
1
5
3
2,318
12
350
387
138
2
1
5
22
2,276
12
350
382
138
14
1
5
23
_
2,189
12
350
259
_
1
47
_
1,994
12
352
112
138
_
1
10
47
_
_
4,713
12
352
76
138
_
1
10
47
12
352
53
138
5,000
12
352
53
12
352
_
_
_
_
23
23
_
2,801
_
2,811
2,811
22
Total A s i a ..........................
3,935
3,193
3,114
2,663
5,385
3,437
8,389
3,251
412
_
_
131
20
_
_
_
131
28
_
_
_
99
26
_
_
_
121
49
99
24
118
15
117
22
114
177
112
Total Africa.......................
170
151
159
125
123
133
139
291
522
Other countries:
A ustralia...........................
All other...........................
3,984
5
2,375
5
1,521
-
1,541
5
1,425
_
103
_
1
_
1
_
1
Latin America:
Argentina...........................
Brazil..............................
Chile...............................
Colombia............................
C u b a................................
M exico..............................
P ana m a..............................
P e r u .................................
Uruguay.............................
Venezuela. ..........................
Other Latin American Republics....
Bahamas and Bermuda................
Netherlands Antilles and Surinam..
Other Latin America................
Total Latin America................
-
10,669
34
_
-
104
664
179,060
23
25,000
246
Asia:
Afri c a :
Congo (Kinshasa)...................
M orocco.............................
South Africa.......................
United Arab Republic (Egypt).....
-
_
_
_
_
_
Total other countries.............
3,989
2,380
1,521
1,546
1,425
103
1
1
-
-
-
-
-
-
-
-
Grand t otal...........................
120,234
176,091
188,132
248,986
Note: Data are reported by exporters, importers, industrial and commercial firms, and other nonbanking concerns in the United States. Data
exclude intercompany accounts between firms in the United States and
their affiliates abroad.
329,413 2/
3
_
International and regional..........
147,413 1/
_
23
453,620
■
"1
”
430,149
410
..
l._.
440.028
l/ Data include $11,767 thousand arising from liabilities reported by firms
reporting for the first time, and from revisions of reported data
beginning December 31, 1965.
2/ Data include $2,500 thousand of liabilities reported by firms reporting
for the first time,
p Preliminary.
Treasury Bulletin
100
___________________________CAPITAL M OVEM ENTS________________________
Section IV - Supplementary Data by Countries
Table 5. - Long-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1966
1965
1967
Country
September
Purope:
Austria.............................
Belgium.............................
Denmark.............................
Fran c e..............................
Greece..............................
Italy...............................
Portugal............................
Spain .......... .....................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe...............
December 1/
March
June
2,007
3,217
1,593
14,205
6,191
29,630
22,025
1,312
3,165
3,362
1,716
10,824
7,116
30,438
19,448
1,312
3,165
3,362
1,716
10,824
7,116
30,438
19,448
111
68
68
2,247
3,091
19,279
784
1,317
6,492
31,462
334
1,484
260
146
2,243
4,349
16,643
1,094
1,369
2,243
4,404
1,794
4,675
16,643
16,826
1,210
1 ,310
6,001
6,001
30,596
740
2,182
170
30,596
740
2,182
170
1,273
3,573
5,703
1,194
7,164
5,527
1,588
1,581
1,172
8,798
5,084
1,440
11,305
11,040
6,858
55,868
6,775
48,670
17,385
284
351
9,422
December 2/
248
3,697
_
210
1,125
12,689
6,084
23,401
514
3,613
_
-
1,283
8,573
4,720
1,456
14,298
9,059
49,238
21,007
134
384
17,537
45,714
1,749
11,311
6,153
26,582
1,892
3,604
_
-
10,727
6,659
31,628
17,110
1,094
1,369
September
11,787
6,133
26,721
763
2,197
17,208
384
1,073
6,446
27,667
1,092
12,736
6,142
26,820
39,611
March
June
1,239
8,653
2,868
1,431
13,859
36,802
51,633
20,955
161
364
21,672
50,244
1,591
11,278
6,123
31,342
122
3,479
September p
1,176
10,816
5,977
1,347
14,884
60,839
52,708
23,094
1,674
1,043
12,509
62,805
1,687
20
8,064
1,148
9,025
7,313
1,275
18,427
14,277
51,865
21,152
2,273
1,095
12,283
62,632
1,082
4,042
5,599
39,728
298
4,565
_
1
-
27,198
296
3,915
_
-
Total Europe........................
147,039
142,836
142,891
150,761
193,856
197,458
224,694
263,816
290,052
258,080
Canada................. ...............
229,924
233,469
235^962
239,385
250,869
266,706
272,268
282,612
303,467
309,570
81,365
201,533
13,664
17,452
7,841
63,822
8,093
16,783
2,714
84,560
202,657
13,966
14,593
7,841
56,228
8,093
17,353
2,721
23,493
28,714
7,844
1,480
1,456
80,421
202,934
17,990
15,177
7,841
58,327
7,811
17,616
2,702
21,246
30,287
5,879
1,479
1,155
80,326
214,485
97,327
14,654
7,841
87,885
8,485
17,263
2,661
21,288
32,065
5,886
1,482
688
80,266
211,680
92,310
14,631
8,807
84,019
7,573
16,956
2,329
21,267
32,350
5,575
10
1,144
Latin A merica:
Argentina...........................
-
81,883
209,412
11,620
19,746
6,526
68,787
6,140
6,140
Netherlands Antilles and Surinam..
Other Latin America................
36,205
216,647
11,293
13,800
6,526
74,128
4,697
13,914
1,370
12,315
27,677
7,913
1,457
1,268
14,635
1,526
12,334
28,930
8,518
1,468
2,452
Total Latin America................
429,210
473,977
-
-
Chile................................
Colombia............................
Cub a.................................
Mexico..............................
P anama..................... ;.......
P e r u .................................
Uruguay.............................
Other Latin American Republics....
-
81,703
209,412
11,552
20,096
6,526
64,815
14,731
1,454
13,860
29,821
8,518
1,468
2,024
91,715
204,671
13,481
17,243
7,841
61,129
7,254
16,036
2,415
19,590
30,022
8,214
1,599
29,185
7,773
1,483
1,038
472,120
475,114
482,676
474,047
470,999
470,865
592,336
578.917
42
15‘
,295
62
17,984
5,935
15,305
95,112
3,213
20,842
7,289
574
22,063
62
19,094
5,901
15,835
107,862
1,480
20,816
8,726
515
25,122
_
419
16,421
5,431
14,097
110,277
1,207
9,837
3,231
27,347
_
552
16,679
4,758
14,443
108,882
2,038
22,512
11,376
2,925
28,003
188,379
205,413
208,730
212^168
188
222
839
3,862
79,273
660
47
1,046
3,832
79,191
857
47
1,228
3,747
81,130
11,399
8,345
197
18,271
15,976
90,263
1,127
20,563
8,089
306
22,158
42
16,176
5,962
15,884
101,828
1,272
20,585
8,096
679
21,950
212,221
185,001
184,766
179,871
192,474
81
121
121
121
121
-
-
-
-
-
194
4,189
81,443
842
3,970
84,892
230
948
3,966
82,113.
16,200
98,340
717
Other A s i a ..........................
1.6,200
98,340
717
50,390
8,345
73
18,271
Total As i a ..........................
184,653
Af rica:
Congo (Kinshasa)...................
M o r occo.............................
South A frica........................
Indonesia...........................
Israel......................... .....
Japan................................
K orea...............................
T aiwan..............................
1,466
21,301
13,706
5,981
16,913
97,548
1,260
19,019
8,245
222
21,872
5,471
8,496
14,835
88,759
245
47,248
7,288
139
12,172
-
11,399
8,486
-
8,486
23,046
Other Africa........................
1,963
4,991
84,285
84 ,084.
1
4,467
80,591
121
978
4,602
81,786
1
4,467
_
85,063
207,869
14,939
16,838
7,841
61,182
6,177
15,938
3,354
14,416
30,317
8,225
1,515
1,440
Asia:
Hong Kong...........................
884
6,052
20,463
Total Africa........................
91,320
88,673
85,180
87,487
85,947
89,82.5
87,257
84,384
84,776
87,009
Other countries:
Australia...........................
All other...........................
17,523
971
16,436
1,000
16,886
1,000
17,127
1,668
12,526
1,104
13,327
875
11,857
887
15,716
1,166
13,400
1,200
12,008
1,320
Total other countries.............
18,494
17,436
17,886
18,795
13,630
14,202
12,744
16,882
14,600
13,328
1,206,849
1,234,712
1,256,341 2,' 1,323,972
1,493,984
International and regional..........
23 .
0
Note: Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States. Data
exclude claims held through United States banks and intercompany
accounts between firms in the United States and their affiliates abroad.
1/ Data in the two columns shown for this date differ because of changes
to
1,168,612 1/ 1,139,040 1A
1— 1
1,100,640
viT
Grand total...........................
2/
1,459,072
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Data include $5,519 thousand of claims reported by firms reporting
for the first time.
p
Preliminary.
March 1968
101
_____________________ CAPITAL MOVEM ENTS_______________________
Section IV - Supplementary Data by Countries
Table 6. - Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars)
Credit balances (due to foreigners)
Country
Europe:
Austria.............................
Belgium......... ....................
Denmark.............................
Finland.............................
F r a n c e ..............................
December
1964
December
1965
233
71
4
6,562
3,350
195
2,884
4,296
1,507
340
1,803
439
47,015
34
12,510
1,187
_
256
1,213
4,057
355
26
7,644
4,056
396
3,952
7,459
1,212
628
3,250
667
52,965
55
14,956
17
1,632
_
76
85,208
104,616
8,846
December
1966
June
1967
Debit balances (due from foreigners)
December
1964
December
1967 p
510
1,070
1,719
3,251
3,862
400
5,640
December
1965
June
1967
December
1967 p
66
12,661
_
555
5,590
1,927
763
294
2,922
210
19,871
265
12,100
_
1,265
184
1,049
328
4
8,917
7,317
906
7,375
4,353
358
387
4,254
195
38,153
306
18,537
_
1,223
225
2,037
1,051
86
9,680
12,512
969
9,252
5,347
371
145
3,459
1,664
62,090
116
23,148
_
1,547
212
861
December
1966
58
13,361
9,391
426
7,454
10,592
1,308
350
3,952
1,350
83,119
22
22,973
38
2,748
485
126
15,067
11,371
299
8,540
10,711
1,842
440
3,303
3,383
94,735
153
29,971
10
2,013
113
977
152
14
3,939
4,858
508
3,845
2,437
210
38
1,816
678
15,239
105
6,987
19
585
89
84
368
18
1
-
5
118,412
162,563
189,892
42,888
57,122
58,621
93,846
133,704
15,390
17,001
37,616
50,329
21,325
24,599
27,658
45,249
70,501
1,097
871
499
417
58
3,066
1,596
423
1,545
2,086
633
487
1,900
359
1,983
911
386
679
226
3,584
2,378
391
1,611
5,580
912
1,166
1,692
91
2,236
485
318
674
62
3,822
5,936
514
2,124
3,636
1,045
2,876
1,816
175
1,239
649
606
630
63
4,059
2,048
463
2,269
4,616
903
6,124
3,456
449
1,409
686
522
468
14
4,810
2,026
528
2,130
3,967
1,062
6,252
3,970
425
1,881
558
657
287
7
2,634
1,495
303
1,316
1,577
529
224
2,286
197
972
978
1,607
790
610
405
6
4,305
4,269
475
1,355
2,296
482
890
2,801
1,390
458
142
572
6
4,925
2,442
385
1,300
46
720
4,285
2,135
105
2,839
1,195
396
341
5
5,867
5,047
250
1,346
2,971
772
12,691
3,957
108
Total Latin America................
15,037
21,590
25,719
27,574
28,269
13,951
13,327
20,337
' 21,331
37,785
Asia:
China Mainland.....................
Hong Kon g...........................
India...............................
Indonesia.........................
Israel..............................
Japan...............................
K orea...............................
Philippines.........................
Taiwan................... ...........
Thailand............................
Other A s i a ..........................
9
2,816
43
36
47
414
3
68
43
20
2,557
1
4,378
52
35
371
563
38
199
135
23
9,547
1
5,308
166
13
579
1,219
31
242
474
35
4,839
_
6,108
4
14,770
51
30
650
525
3
146
95
121
6,398
_
_
19
273
1,434
29
397
209
91
7,122
53
8,047
203
9
311
276
_
128
55
2
2,555
_
6,030
11,138
87
8
599
996
3
287
96
95
7,051
14,239
59
68
482
1,697
_
1,083
124
52
9,227
11,639
22,793
20,360
27,031
19,168
60
51
1,136
1,300
7
1,447
207
18
16,653
40,047
65
37
120
12
402
5
72
173
15
379
1
72
219
29
567
106
378
7
415
636
644
888
906
Greece..............................
Italy...............................
Netherlands.........................
N orway..............................
Portugal............................
Spain ...............................
Sweden..............................
Switzerland.........................
Turkey..............................
United Kingdom.....................
Yugoslavia..........................
Other Western Europe..............
Canada.................................
Latin America:
Argentina...........................
Brazil..............................
Chile...............................
Colombia..........................
C u b a .................................
Mexico..............................
Pana m a ........... ...................
P e r u .................. ..............
Uruguay.............................
Venezuela. . . ......................
Other Latin American Republics....
Bahamas and Bermuda................
Netherlands Antilles and Surinam..
2,522
140
8
8,455
9,622
240
•
7,151
7,961
1,082
480
1,967
659
61,361
20
13,209
11
2,198
_
87
_
64
_
_
44
28
5,556
5,111
775
4,876
3,962
668
79
1,306
304
20,040
_
_
242
537
6
2,189
1,891
266
1,024
2,291
648
566
1,570
147
119
1,059
103
5
5,190
5,895
1,042
_
_
2,466
_
Total A s i a ........ .............. ...
6,056
15,342
12,907
15,746
53
71
303
1,773
12
559
167
8
5,874
14,850
Afr i c a :
Congo (Kinshasa)...................
Moro c c o .............................
South Africa.......................
United Arab Republic (Egypt).....
Other Africa.......................
23
28
62
4
332
27
49
181
7
866
6
73
64
10
517
7
47
106
15
869
24
305
121
15
973
19
71
26
23
366
Total Africa.......................
449
1,130
670
1,044
1,438
505
Other countries:
Australia...........................
All other...........................
172
253
331
58
198
294
223
114
402
183
128
136
189
249
264
194
117
309
45
389
492
337
567
311
325
513
311
-
-
-
-
2
-
-
-
354
-
158,457
175,201
244,880
285,345
90,621
118,802
128,133
188,656
283,297
Total other countries.............
425
International and regional..........
3
Grand total...........................
116,024
p
Preliminary.
.
165
,
:
_
Treasury Bulletin
102
.CAPITAL M O VE M EN TS.
S ection IV - S upplem entary Data by C ou n tries
T ab le 7. - S h ort-T erm Banking L ia b ilitie s to Foreigners in C ou n tries and Areas
Not R egu la rly R eported Separately
(Position at end of period in thousands of dollars)
Decernb er
Country
1966
April
1967
December
1967
1962
1963
1964
1965
617
723
5,632
2,906
10,830
1,729
722
1,657
6,974
10,696
7.361
676
2,687
574
906
5,173
8,697
17,384
514
4,110
802
2,195
5,808
6,213
21,119
773
3,65.3
1,733
1,064
6,551
8,876
25,260
845
3,146
1,473
1,104
5,710
7,385
21,730
1,156
4,687
1,665
883
4,294
8,808
31,514
1,345
3,439
"Other Eastern Europe"
Albania..........................
Bulgaria.........................
Czechoslovakia 1 / ...............
Estonia..........................
Hungary..........................
Latvia...........................
Lithuania........................
Poland l / ........................
Rumania l / ......................
Soviet Zone of Germany.........
275
,558
,U0
,524
,115
421
368
,899
,650
,557
243
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236
180
662
1,027
1,576
1,495
432
323
9,735
1,922
1,321
40.3
2,493
1,932
1,418
1,652
386
356
12,749
6 ,836
1,700
530
5,439
3,723
1,570
2,225
378
350
13,219
6,575
5,565
700
1,390
5,300
1,518
2,411
273
290
13,967
5,200
2,629
704
2,103
5,198
n.a.
2,977
n.a.
n.a.
19,181
n.a.
n.a.
"Other Latin American Republics"
Bolivia l / ......................
Costa R i c a ......................
Dominican Republic 1 / ..........
Ecuador..........................
Guatemala l / ....................
Haiti............................
Honduras.........................
J amaica......... ................
Nicaragua........................
Paraguay.........................
El Salvador l / ..................
Trinidad and Tobago............
,182
,493
,028
,283
,865
,437
,776
,255
,838
,667
,472
,077
32,567
29.127
58,037
53,449
47,862
12,940
20,031
5,564
34,963
8,892
41,690
2,236
43,186
31,495
55,315
67,060
43,702
14,348
26,044
6,994
42,393
11,377
56,023
7.367
67,375
34,165
72,283
69,600
68,128
16,335
31,407
8,563
67,009
13,795
66,998
3,577
66,872
34,626
53,158
86,280
64,155
16,290
26,307
11,722
72,773
14,859
68,896
4,681
57,857
41,874
53,882
92,360
83,868
16,817
28,563
19,326
62,723
16,625
96,431
5,331
59,944
42,606
55,057
35,611
72,992
15,735
29,730
22,362
45,632
12,697
72,795
6,108
251
9,04-3
1,044
507
11,665
1,310
1,639
7,933
1,104
2,404
11,491
2,157
775
14,638
1,281
2,129
14,203
1,654
1,954
13,791
2,336
5,288
1,415
2,468
12,606
4,858
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15,850
17,030
23,334
2/
2,757
4,894
n. a.
10,057
4,995
1,397
9,865
6,931
3,101
23,505
19,849
2,792
46,539
8,813
76,320
24,104
2,059
17,341
21,722
61,710
2/
3,563
2,111
n. a.
12.127
5.491
2,046
32,503
1.491
2,410
23,422
21,601
2,715
56,363
4,978
84,194
22,167
1,954
23,056
197,229
2/
4,029
7,583
2,790
19,043
5,636
4,122
49,092
2,682
2,401
66,930
11,954
15,991
35,523
3,234
99,715
29,947
6,792
19,417
23,999
283,601
8,940
4,400
4,030
1,776
39,035
7,771
8,145
20,285
1,332
2,715
43,973
27,996
45,156
28,555
6,477
112,221
34,937
14,361
45,307
31,164
96,364
60,261
4,952
4,741
1,954
146,257
5,455
12,349
10,833
1,850
5,016
49,564
n.a.
n.a.
36,640
3,609
113,292
63,332
n.a.
54,751
14,476
61,201
159,549
n.a.
6, 296
4,434
143,173
1,607
779
17,045
753
4,068
540
1,360
n.a.
17,619
5,496
639
2,510
26,796
571
6,774
2,432
42
10,881
4/
903
713
2.2,275
1,740
6,433
853
936
2,109
22,009
14,084
561
1.361
17,811
2,450
840
4,374
2,492
490
975
u
1,529
799
33,736
1,533
5,589
395
1.367
2,574
20,011
28,921
638
2,505
15,726
4,432
503
3.367
2,232
632
949
4/
7,633
880
44,123
1,557
2,621
634
3,242
1,461
17,887
34,806
913
1,583
21,730
4,373
835
3,287
3,703
712
1,757
7,234
21,158
37,032
1,084
4,992
25,674
4,523
839
2,717
3,424
6,545
1,122
34, 667
13,337
1,033
40,202
1,276
5,295
537
1,105
2,064
21,601
75,990
512
4,073
36,545
6,293
844
3,336
6,747
9,131
960
25,893
6,916
667
23,769
1,922
4,318
233
1,510
16,362
24,89.3
17,933
883
3,666
n. a.
10,365
810
2,394
2,335
n. a.
32
4,685
1,362
10,475
1,691
11,956
1,628
18,681
440
13,580
240
16,709
336
17,455
"Other 'Western Europe11
Cyprus................
Gilbraltar...........
Iceland...............
Ireland, Republic of.
Luxembourg...........
M a l t a .................
M o n a c o ................
"Other Latin America"
British Honduras.........................
British West Indies.....................
French West Indies and French Guiana...
"Other Asia"
Afghanistan..............................
Bahrain...................................
Burma.....................................
Cambodia..................................
Ceylon....................................
Iran l / ...................................
Iraq......................................
Jordan....................................
Kuwait....................................
L a o s ......................................
Lebanon...................................
Malaysia 2 / ..............................
Nepal.....................................
Pakistan..................................
Ryukyu Islands (including Okinawa)....
Saudi Arabia.............................
Singapore 2 / .......... ..................
Southern Yemen (Aden and South Arabia).
Syria.....................................
Trucial States...........................
Viet N a m ..................................
"Other Africa"
Algeria........................
Canary Islands................
Ethiopia (including Eritrea).
F.T.A.I. (French Somaliland).
Ghana..........................
Guinea.........................
Ivory Coast...................
Ken y a ......................... .
Liberia........................
L ibya..........................
Malagasy Republic............
Mozambique....................
Nigeria........................
"Portuguese West Africa"....
Somali Republic...............
Southern Rhodesia Lj .........
Sudan..........................
Tanzania.......................
Tunisia........................
Zambia Lj .....................
"Other countries"
New Caledonia...
New Zealand....
216
656
Note: Through 1962, except as noted, data are based on reports from banks
in the Second (New York) Federal Reserve District only, and include
funds held in an account with the U.S. Treasury; subsequent data are as
reported by banks in all Federal Reserve Districts. They represent a
partial breakdown of the amounts shown for the corresponding dates for
the ""Other" categories in the reular monthly series in the "Treasury
Bulletin."
n.a.
25,566
l/
2/
3./
4/
9,450
6,403
34,444
1,109
3,190
36,600
17,600
39,726
49,178
4,587
100,059
33,301
13,888
49,196
15,935 J/
176,142
34,632
5,131
3,425
2,157
131,961
11,349
1,293
53,4.78
949
6,866
280
880
1,168
10,299
24,794
banks In all Federal Reserve Districts.
Through April 1965, Singapore included with Malaysia.
Data exclude $12,372 thousand resulting from changes in reporting
coverage and classification.
Through December 1964, data .for Malawi (formerly Nyasaland) and
Zambia (formerly Northern Rhodesia) included with Southern Rhodesia.
Not available.
March 1968
103
__________________________________CAPITAL M OVEM ENTS____________________________________
Section IV - Supplementary Data by Countries
Table 8. - Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1966
(in thousands of dollars)
Sales by foreigners
Purchases by foreigners
Country
Eur o p e :
A ustria............................
Belgium............................
Germany............................
Italy..............................
Netherlands.......................
S pain..............................
United Kingdom....................
Yugoslavia.........................
Other Western Europe.............
U. S. S. R .........................
Other Eastern Europe.............
U. S.
Total
purchases Government
bonds and
notes
Corporate and
other
Bonds
277
25,461
4,306
24
324,236
27,671
2,095
492
1,868
31,155
193,416
94
581,719
1,040
-
-
-
946
50
1,423
447
6,610
23
510
14
11,084
-
Total
sales
Stocks
Stocks
23,716
181,507
25,593
3,4-79
393,300
298,065
4-,157
243,446
307,180
38,477
26,429
54,339
59,749
2,010,244
2,302
1,480,215
15
36
3,208
Bonds
60,026
83,537
142
19,846
3,012
159
242,793
131,532
3,956
85,642
150,448
7,531
18,366
38,546
9,513
1,537,112
2,125
389,087
8
61,453
1,492
10,463
88,291
14,978
3,296
45,454
45,068
18
131,215
12,388
21,985
7,228
10,805
12,700
201,339
11
121,377
1,028
18,881
8
121
21,138
44,081
37,878
41
5,320
116,226
256
320
2,610
6,367
67,293
72
63,796
4
2,451
5
37,409
90,563
19,502
2,371
319,378
195,400
4,142
174,368
248,718
39,310
31,204
48,799
55,228
1,855,862
7,821
1,803,209
1,271
164,310
3
2,614
89
-
U. S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
26,527
14,249
10,841
2,287
17,132
53,644
4
71,418
14,147
22,954
18,709
11,137
21,122
138,757
338
128,141
774
23,461
77
59
36,798
309
1,119
9,326
7,222
113
3,178
12,700
5,676
143
584
22,608
63,871
144
137,087
1,778
3
9,831
49,138
2,613
25
255,417
124,031
3,759
92,025
195,936
5,719
12,261
34,576
10,638
1,601,181
6,768
913,357
771
59,827
3
1,483
3,379,359
652,661 248,092
44
479
4,309
-
705
142
20
1,067
1,748
4,668
20
81
268
7,316
-
529,511
-
Bonds
Stocks
233
3,236
1,662
-
98,030
2,448
924
941
Total Europe......................
5,253,716
350,467
1,046,452 2,742,196
746,533 368,068
5,101,482
551,806
269,564
Canada...............................
2,492,639
124,093
226,035 1,146,906
477,962 517,643
2,979,418
108,455
232,541
27
32
14
473
669
3
159
25
2,033
1,676
13
927
190
483
327
3,205
2,532
239
806
1,949
1,118
17,996
14,615
309
22,386
13,244
6,537
9,877
45
41,742
59,776
6,172
19,739
56,213
8,507
84,743
112,027
2,963
22,331
19,640
3,711
1,730
61,925
2,812
199
5,240
14,152
8,700
22,795
9,069
528
851
774
307
529
7,464
1,220
1,798
838
1,367
227
24,893.
1,742
16
48,405
14,254
7,093
9,031
536
109,180
57,326
26,600
23,573
56,291
28,232
132,209
137,748
4,232
166
6
20
12
203
49
29
10
24
244
3,929
2,474
75
549
106
P e r u ...............................
Uruguay............................
Venezuela..........................
Other Latin American Republics...
Bahamas and Bermuda..............
Netherlands Antilles and Surinam.
Other Latin America..............
46,522
33,848
11,070
12,477
45
114,809
67,009
8,408
26,626
73,840
18,577
152,460
139,129
3,829
Total Latin America..............
Latin A m e rica:
Argentina..........................
Brazil.............................
Chile..............................
Colombia...........................
C uba...............................
14,321
2
12,840
46,581
Foreign securities
Domestic securities
Foreign securities
Domestic securities
500
100,748
6
10,361
246
6,680*
24,187
293
71
2,421
592
44,737
571
95,113
1,648
3
916,402 1,306,985 415,035
163
2,155
2,408
282
271
1,857
494
7,649
11,270
530
19,072
12,892
5,424
7,011
536
35,650
50,675
5,122
19,700
42,5-62
8,985
69,240
115,191
3,190
26,982
325
412
1,450
63,830
2,501
19,465
2,074
10,949
16,707
39,736
5,276
274
1,636
925
579
395
7,342
1,693
1,702
1,518
899
1,802
11,655
3,537
163
658
708,649
5,124
44,696
443,971
172,832
42,026
654,710
7,241
28,392
395,250
189,981
33,846
Asia:
China Mainland....................
Hong Kon g ..........................
India..............................
Indonesia..........................
Israel.............................
Japan..............................
Korea..............................
Philippines.......................
Taiwan.............................
Thailand...........................
Other A s i a .........................
39
211,033
2,019
113
73,528
50,416
107
4,669
2,473
20,388
188,529
122
1,578
65
25
150
4,743
54
39
60
2,564
139
1
1
3,140
39
196,870
699
74
13,210
11,839
107
1,843
427
373
146,928
4,627
1,259
60,002
13,778
1,477
2,010
20,003
34,642
4,793
7
134
20,657
1,145
10
11
3,669
32
204,656
896
81
125,779
41,067
91
6,321
1,667
*10,909
150,440
49
5
268
1,601
170
-
366
2,046
73
4
43
1,195
8
2,699
32
195,390
805
62
10,590
9,293
91
1,926
396
672
139,375
3,234
7
14
114,804
5,226
3,026
1,271
10,213
4,638
3,937
6
1
74
23,752
1,191
24
3,362
Total Asia....................... '.
553,314
1,940
10,741
372,409
137,798
30,426
541,939
2,459
6,068
358,632
142,433
32,347
648
14
519
447
1,270
84
7,123
6
1
2,061
2,206
27
45
183
371
Africa:
Congo (Kinshasa)..................
Morocco............................
South Africa......................
United Arab Republic (Egypt)....
Other Africa......................
848
8,062
164
21,800
14
1
3
-
115
380
5
236
623
610
1,049
154
7,721
5
27
6,527
13,748
20
82
105
2
95
554
548
3,741
88
10,277
506
2
41
227
4
71
Total Africa......................
-
31,522
18
736
10,157
20,307
304
15,208
520
345
9,443
4,274
626
Other countries:
Australia..........................
All other..........................
43,467
8,683
10
-
81
643
1,922
5,462
40,726
2,551
728
27
22,858
27,389
29
7
16
58
1,625
2,834
20,350
24,401
838
89
Total other countries............
52,150
10
724
7,384
43,277
755
50,247
36
74
4,459
44,751
927
International and regional:
International.....................
European regional.................
Latin American regional..........
638,800
3,536
2,718
195,805
17,449
-
927,610
23,875
-
41,000
624,487
1,000
4,892
-
10,253
-
287,501
23,875
-
176,028
3,536
-
977
2,718
248,541
-
40,000
477
-
Total international and regional.
645,054
198,523
248,541
17,449
179,564
977
992,485
625,487
4,892
10,253
351,376
477
Grand total..........................
9,737,044
680,175
10,335,489 1,296,004
541,876
-
-
1,577,925 4,740,472 1,778,273 960,199
Note: Excludes transactions in nonmarketable U.S. Treasury bonds and notes,
foreign series, and foreign currency series. See "International
Financial Statistics," Table 4.
5,073,798 2,692,461 731,350
Treasury Bulletin
104
----------------------------- .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES_____________________
Section IV - Par t ic ip a tio n Certificates
(In millions of dollars - face amounts)
1
Total
participation
certificates
Fiscal year
or month
Sales
1962...............
1 963...............
1964................
196$ ...............
1966...............
1967...............
1967-February....
M a r c h ........
April ........
M a y ..........
June.........
300
250
373
7$0
2,601
4,311
500
900
400
900
July.........
August.......
September....
October......
November....
December....
1,010
1968-January......
1,250
February....
Fiscal 1968
to d ate.... . —
.
10
Retire
ments
30
66
Out
standing
300
520
827
20
241
70
38
39
67
12
115
25
300
250
30
Out
standing
5,135
5,107
5,987
500
26
6,146
400
241
2,146
2,146
10
3
39
67
2,143
2,114
2,047
6,976
6,910
6,843
6,831
6,716
7,701
2, H 6
30
180
2,015
1.987
1.987
900
20
12
2,036
85
1,951
1,953
1,842
1,842
10
1,961
$0
8,832
50
8
161
2,320
414
8,832
70
375
8,943
Sales
Retire
ments
Health, Education,
and Welfare 2/
Out
standing
Sales
-
300
1,840
2,900
1,385
28
8
161
Retire Out
ments
standing
827
66
650
6,938
Sales
300
520
255
398
1,322
3,495
6,976
26
Retire
ments
1,022
2^5
28
Sales
Farmers Home
Administration 1/
Total.
373
450
761
1,4112/
428
831
Participation certificates issued by FNMA acting as 't rustee
Export-Import Bank
of Washington
900
2,250
4,830
3,120
3,120
4.000
4.000
70
4,830
35
4.795
4.795
4.795
4.795
4,765
5,740
30
25
1,000
1,250
300
2,110
-
600
220
-
210
175
6.990
6.990
225
90
6,990
400
600
100
170
170
390
390
600
15
-
60
Sales
1962...............
19 6 3 ...............
196 4 ...............
1965...............
1966...............
1967...............
—
680
1967-February....
M a r c h ........
A p r i l ........
M a y ..........
June.........
_
265
-
July.........
August.......
September....
October......
November....
December....
_
-
400
1968- January......
530
Fiscal 1968
to d a t e..........
970
265
February....
1/
2/
2/
Lj
y
6/
Retire
ments
Out
standing
Federal National
Mortgage Association _£/
775
25
30
1,000
55
Sales
_
-
_
680
_
_
-
150
150
1,610
1,610
215
_
1,610
340
415
415
680
680
680
680
680
680
1,080
_
-
200
Retire
ments
_
-
605
740
20
_
-
_
-
150
8
125
_
125
50
-
17
-
20
5
-
42
Out
standing
Sales
Retire
ments
Out
standing
_
350
520
_
70
_
350
800
1,208
1,208
1,350
1,350
1,475
_
175
-
_
70
505
505
680
680
800
1,459
1,459
1,459
1,459
1,439
1,559
_
-
800
800
800
800
800
100
1,774
1,774
-
_
_
~
1,774
100
_
-
200
785
1,475
Includes Direct Loan and Rural Housing Loan programs.
Represents program for Construction of Higher Education Facilities.
Includes $107 million refunding transaction.
Includes College Housing, Elderly Housing, and Public Facility programs.
Includes Special Assistance, and Management and Liquidating programs.
Includes programs for Disaster Loans and Business Loans and Investments.
190
7/
8/
p
Sales
_
-
100
855
260
_
75
85
_
175
900
900
900
250
900
425
125
155
155
-
-
155
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
Veterans
Administration 7/
Small Business
Administration 6/
100
100
100
100
100
100
-
1,000
1,000
Housing and Urban Development
Office of Secretary lj
75
75
-
25
Participation certificates issued by FNMA acting as trustee - (continued)
Fiscal year
or month
100
60
600
600
600
600
600
-
-
Retire Out
standing
ments
Retire
ments
_
-
10
Out
standing
_
-
100
Sales
296
_
42
436
958
60
975
1,175
_
-
1,027
1,027
138
12
1,090
1,090
201
-
18
-
1,175
1,156
1,156
144
142
464
Retire
ments
68
Out
standing
902
834
377
419
855
457
_
_
791
1,021
_
Ill
799
943
1,144
1,033
12
1,021
897
837
979
1,443
1,764
1,737
10
20
1,291
-
124
60
27
-
1,541
1,541
217
-
20
1,954
l,934p
48
1,541
1,143
231
l,934p
1,156
1,156
1,146
320
-
Includes Direct Loan and Loan Guaranty programs.
In the case of Commodity Credit Corporation, participation certificates
are called "certificates of interest" and are not included in the
Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period,
Preliminary
March 1968
105
.CUM ULATIVE TABLE OF C O N TE N TS.
A p ril 1967 through M arch 1968
Issue and page number
1968
1967
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Reporting b a s e s ............................................................
II
II
II
II
II
II
II
II
II
II
Article:
Treasury financing operations..........................................
IV
IV
IV
IV
IV
IV
IV
IV
IV
IV
Federal fiscal operations:
Budget receipts, outlays, financing, and deb t ........................
Budget receipts by source..............................................
Budget outlays by function............... ..... .......................
Summary of fiscal operations...........................................
Budget receipts by principal sources..................................
Chart - Internal revenue collections by principal sources..........
Budget outlays by agencies.............................................
Detail of excise tax receipts.........................................
Summary of internal revenue receipts by States, calendar year 1966.
Federal Old-age and Survivors Insurance Trust F u n d ..................
Federal Disability Insurance Trust F u n d ..............................
Federal Hospital Insurance Trust F u n d................................
Federal Supplementary Medical Insurance Trust F u n d ..................
Railroad Retirement Accounts...........................................
Unemployment Trust Fu n d ................................................
National Service Life Insurance Fund-. ...............................
Investments of specified trust accounts in_public debt securities,
agency securities, and participation certificates by Issues,
as of December 31, 1967...............................................
Summary of Federal fiscal operations....................................
Administrative budget receipts and expenditures:
Receipts by principal sources........... ....................... ......
Detail of miscellaneous receipts by major categories................
Expenditures by agencies...............................................
Interfund transactions excluded from both net budget receipts
and budget expenditures...............................................
Expenditures by functions..............................................
Expenditures and balances by functions...............................
Summary of appropriations and authorizations, expenditures, and
balances, by agencies......................................... .......
Trust and other transactions:
Summary of trust and other transactions..............................
Trust receipts..........................................................
Trust, deposit fund, and Government-sponsored enterprise
expenditures............................................................
Interfund transactions excluded from both net trust receipts
and trust expenditures................................................
Purchases of participation certificates (net)........................
Investments in public debt and agency securities (net).............
Sales and redemptions of Government agency securities in
market (net)............................................................
Consolidated cash transactions:
Summary of Federal Government cash transactions with the public....
Intragovernmental and other noncash transactions....................
Federal receipts from and payments to the public - seasonally
adjusted and unadjusted...............................................
. <.
10
16
17
17
18
18
19
20
...
...
15
16
16
17
17
18
19
21
20
t
14
Mar.
II
II
1
2
2
1
2
2
3
4
3
4
5
6
8
5
6
6
7
7
8
9
15
15
16
16
17
18
10
19
1
1
1
1
1
1
1
1
1
1
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
6
7
6
6
7
6
7
...
6
6
7
6
7
6
7
6
7
6
7
7
9
...
...
9
9
9
11
11
11
11
9
9
10
10
11
11
9
9
9
9
11
11
9
9
10
12
12
10
11
12
10
10
12
10
12
12
13
13
13
14
11
11
12
n
n
12
13
13
14
11
11
12
7
Feb.
:
...
11
11
12
13
13
14
13
13
14
11
11
12
13
15
15
13
' 14
15
13
13
15
13
15
16
24
25
17
18
15
16
23
24
17
18
15
16
22
23
17
18
15
16
17
26
19
17
25
19
17
24
19
17
19
22
26
29
21
24
19
22.
13
16
11
14
Obligations:
Administrative budget funds (FY 1964-, 1965, 1966)...................
Administrative budget funds (latest date December 31, 1967) ........
Trust funds (latest date December 31, 1967)..........................
21
33
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United States........
Analysis of changes in tax and loan account balances................
Summary of cash transactions through the Account of the Treasurer
of the United States..................................................
Gold assets and liabilities of the Treasury..........................
18
19
27
28
20
21
18
19
26
27
35
36
24
25
31
32
26
27
24
25
18
19
16
17
20
20
29
29
22
22
20
20
28
28
37
37
26
26
33
33
28
28
26
26
20
20
18
18
Monetary statistics:
Money in circulation....................................................
21
30
23
21
29
38
27
34
29
27
21
19
22
22
23
31
31
32
24
24
25
22
22
23
30
30
31
39
39
40
1 28
, 28
' 29
35
35
36
30
30
31
28
28
29
22
22
23
20
20
21
23
25
26
32
33
34
35
25
26
27
28
23
24
25
26
31
32
33
34
40
41
42
43
29
30
31
32
36
37
38
39
31
32
33
34
29
30
31
32
23
24
25
26
21
22
23
24
27
36
29
27
35
44
33
40
35
33
27
25
28
30
33
42
37
39
30
32
35
28
30
33
36
38
41
45
47
5°
34
36
39
41
43
46
36
38
41
34
36
39
28
30
33
26
28
31
35
38
44
37
41
35
39
42
51
40
47
42
47
41
35
33
45
54
43
50
45
44
38
Debt outstanding:
Summary of public debt and guaranteed agency securities............
Computed interest charge and rate on Federal securities............
Interest-bearing public d e b t ...........................................
Maturity distribution and average length of marketable
interest-bearing public d e b t ..........................................
Special public debt issues.............................................
Treasury holdings of securities issued by Government agencies.....
Interest-bearing securities issued by Government agencies..........
Statutory debt limitation................................................
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly and annual Treasury b i lls................
Offerings of Treasury b i lls............................................
New money financing through regular weekly Treasury bills..........
Offerings of public marketable securities other than regular
weekly Treasury b i lls.................................................
Securities issued in advance refunding operations...................
Unmatured marketable securities issued in advance refunding
operations..............................................................
2k
(Continued on following page)
-
;
:
36
Treasury Bulletin
106
____ CUMULATIVE TABLE OF C O N T E N T S ___
A p ril 1967 through M arch 1968 - (C ontinued)
Issue and page number
1967
Public debt operations (Continued):
Unmatured marketable securities issued at a premium or
discount other than advance refunding operations....................
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills ....
Disposition of. public marketable securities other than
Apr.
May
39
48
42
42
51
46
June
July
1968
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
48
57
46
53
48
47
41
39
40
50
59
48
55
50
49
43
41
45
43
52
61
50
58
53
52
46
44
55
50
48
55
64
53
61
56
55
50
48
50
59
54
52
58
67
56
65
60
60
56
54
53
53
54
56
62
62
63
65
66
57
57
58
60
55
55
56
58
60
60
61
63
64
65
69
69
70
72
58
58
59
61
67
67
68
70
71
62
62
63
65
63
63
64
66
59
59
60
62
63
64
57
57
58
60
72
66
67
65
61
Foreign series securities (nonmarketable) issued to official
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries...........................
United States savings bonds:
Cumulative sales and redemptions by series............................
Sales and redemptions by periods, all series combined................
Sales and redemptions by periods, Series E through K .................
Sales and redemptions by denominations, Series E and H combined....
Sales by States, Series E and H combined..............................
United States savings notes:
Sales and redemptions by p eriods.......................................
Ownership of Federal securities:
Distribution by classes of investors and types of issues............
Net market purchases or sales for investment accounts handled by
the Treasury.............................................................
Estimated ownership......................................................
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others..................
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1967)......................
Market quotations:
End-of-month closing quotations on Treasury securities by issues....
Mar.
57
67
61
59
66
73
62
73
67
68
66
62
57
58
67
68
61
62
59
60
66
67
73
74
62
63
73
74
67
68
68
69
66
67
62
63
59
69
63
61
68
r75
64
75
69
70
68
64
73
64
66
74
76
68
70
67
68
77
78
71
72
73
66
68
78
80
80
82
69
71
80
82
74
76
75
77
78
80
69
71
69
70
81
82
83
84
72
73
83
84
77
78
78
79
81
82
72
73
Average yields of long-term bonds:
Chart - Average yields of Treasury and corporate bonds...............
Exchange Stabilization Fund (latest date September 30, 1967):
U.S. stabilization agreements...........................................
Income and expense.......................................................
National bank report^:
Earnings, expenses, and dividends for calendar years 1962-66........
International financial statistics:
U.S. reserve assets: gold stock, holdings of convertible
foreign currencies, and reserve position in I M F .....................
U.S. liquid liabilities to foreigners..................................
U.S. liquid liabilities to official institutions of foreign
countries, by a r e a ......................................................
Nonmarketable U.S. Treasury bonds and notes issued to official
institutions of foreign countries.....................................
71
72
72
69
70
70
80
81
81
74
75
75
73
71
79
80
74
75
73
74
83
84
85
86
76
77
85
86
79
80
82
83
83
84
74
75
74
81
76
75
85
87
78
87
81
84
85
76
71
81
82
83
76
77
78
75
76
77
85
86
87
87
83
89
78
79
80
87
88
89
81
82
83
84
85
86
85
86
87
76
77
78
85
88
97
98
80
83
92
93
79
82
91
92
89
92
101
102
91
94
103
91
94
103
104
82
85
94
95
85
88
97
98
88
91
100
101
89
92
101
102
80
83
92
93
91
99
94
93
103
105
96
105
99
102
103
94
92
93
94
96
97
98
100
101
102
104
105
106
95
96
97
99
100
101
94
95
96
98
99
100
104
105
106
108
109
110
106
107
103
110
111
112
97
98
99
101
102
103
106
107
108
110
111
112
100
101
102
104
105
106
103
104
105
107
108
109
104
105
106
108
109
110
95
96
97
99
100
101
99
107
102
101
111
113
104
113
107
110
111
102
100
108
103
102
112
114
105
114
108
111
112
103
72
Estimated gold reserves' and dollar holdings of foreign countries
73
Capital movements between the United States and foreign countries:
Summary by periods beginning 194-6......................................
Summary by countries and p e r iods.......................................
Short-term banking liabilities to foreigners, latest month..........
Short-term banking claims on foreigners, latest m o n t h ................
Long-term banking liabilities to and claims on foreigners,
latest mo n t h .............................................................
Purchases and sales of long-term securities by foreigners,
latest mo n t h ................................. ............................
Short-term liabilities reported by nonbanking concerns...............
Short-term claims reported by nonbanking concerns....................
Long-term liabilities reported by nonbanking concerns................
Long-term claims reported by nonbanking concerns.....................
Foreign credit and debit balances in brokerage accounts.............
Short-term liabilities, countries and areas not regularly
reported..................................................................
Purchases and sales of long-term securities by foreigners during
Foreign currencies acquired by the U.S. without purchase with dollars:
Transactions and balances in Treasury accounts........................
Transactions and balances in agency accounts..........................
Foreign currency transactions, summary and country u s e s .............
Foreign currency transactions, U.S. uses and trust funds............
Corporations and certain other business-type activities:
Statements of financial condition (latest date September 30, 1967)..
Income and expense (latest date June 30, 1967)............. ..........
Source and application of funds (latest date June 30, 1967).........
Participation certificates..............................................
76
30
89
90
104
102
102
116
117
104
137
110
105
110
131
154
138
103
113
115
106
118
152
114
113
135
159
147
104
U N I T E D
G O V E R N M E N T
S T A T E S
P R I N T I N G
O F F I C E
DIVISION O F P U B L I C D O C U M E N T S
W A S H I N G T O N , D.C.
20402
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE T O AVOID
P A Y M E N T O F P O S T A G E , $300
(GPO)
@FedFRASER