Full text of Treasury Bulletin : May 1977
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Treasury Bulletin
M a y
D E P A R T M E N T
O F T H E
1977
T R E A S U R Y
W A S H I N G T O N ,
OFFICE O F
D.C.
T H E
S E C R E T A R Y
M a y
1 9 7 7
I
C O N T E N T S
Page
Article
- Treasury Financing Operations.............................................................. VI
F E D E R A L
F I S C A L
O P E R A T I O N S
- Summary of Fiscal Operations........................................ ....................
1
FFO-2.
- Budget Receipts iDy Source................................................................
3
Chart
- Budget Receipts by Source.............................................................
5
FFO-3.
- Budget Outlays by A gency.................................................................
6
FFO-4.
- Undistributed Offsetting Receipts.......................................................
7
FFO-5.
- Budget Outlays by Function...............................................................
g
FFO-6 .
- Investment Transactions of Government Accounts in Federal Securities (Net)........... .. 10
FFO-7.
- Trust Funds Transactions................................................................. .. 1 1
FFO-1.
F E D E R A L
O B L I G A T I O N S
13
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class.
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class............................................................................. .. 13
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency....
FO-4.
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months................................................................................ ..15
A C C O U N T
O F
T H E
14
U.S. T R E A S U R Y
UST-1.
- Status of the Account of the U.S. Treasury................................................ 16
UST-2.
- Analysis of Changes in Tax and Loan Account Balances............. ..................... .. 17
UST-3.
- Gold Assets and Liabilities of the Treasury............................................ .. 18
M O N E T A R Y
MS-1.
S T A T I S T I C S
- Currency and Coin in C i r c u l a t i o n ....................................................... .. 19
F E D E R A L
D E B T
FD-1.
- Summary of Federal De bt.................................................................. .. 20
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt..
FD^-3.
- Interest-Bearing Public'Debt............................................................ ...21
FD-4.
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt..
20
21
FD-5.
- Government Account Series................................................................ ..22
FI>-6 .
- Interest-Bearing Securities Issued by Government Agencies............................. ..23
FD-7.
- Participation Certificates............................................................... ..24
FD-8 .
- Debt Subject to Statutory Limitation.................................................. ...
FD-9.
- Status and Application of Statutory Limitation......................................... ..26
FIV-10.
- Treasury Holdings of Securities................. ..........................................27
P U B L I C
D E B T
25
O P E R A T I O N S
PDO-l.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities.............29
EDO-2.
- Offerings of Bills.............................................................30
PD0-3.
- New Money Financing through Regular Weekly Treasury Bills........................ .33
I I
T re a s u ry
B u lle t in
C O N T E N T S
Page
37
40
44
49
PDO-4.
- Offerings of Public Marketable Securities.......................................
PDO-5.
- Unmatured Marketable Securities Issued at a Premium or Discount...................
PDO-6 .
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities....
PDO-7.
- Disposition of Public Marketable Securities.....................................
PDO-8 .
- Foreign Series Securities.....................................................
53
PDO-9.
- Foreign Currency Series Securities.............. ..............................
59
U N I T E D
SB-1.
STATES
SAVINGS
B O N D S
- Sales and Redemptions by Series, Cumulative.................................... .
62
SB-2.
- Sales and Redemptions by Periods, All Series Combined............................
62
SB-3.
- Sales and Redemptions by Periods, Series E through K .............................
63
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds...............................
65
UNITED
SN-1.
STATES
SAVINGS
N O T E S
- Sales and Redemptions by Periods...............................................
O W N E R S H I P
OF
F E D E R A L
66
SECURITIES
OFS-l.
- Distribution of Federal Securities.............................................
67
OFS-2.
- Estimated Ownership of Public Debt Securities...................................
68
T R E A S U R Y
S U R V E Y
OF
O W N E R S H I P
TSO-l.
- Summary of Federal Securities..................................................
69
TSO-2.
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution.
70
TSO-3.
- Interest-Bearing Marketable Public Debt Securities by Issue.......................
70
TS0-4.
- Securities Issued by Government Agencies........................................
72
TSO-5.
- Securities Issued by Government-Sponsored Agencies and D.C.......................
72
M A R K E T
Q U O T A T I O N S
O N
T R E A S U R Y
SECURITIES
MQ-1.
- Treasury Bills...............................................................
MQ-2.
- Treasury Notes...............................................................
73
MQ-3.
- Treasury Bonds...............................................................
74
Chart
- Yields of Treasury Securities..................................................
75
A VE R A G E
YIELDS
OF
L ONG- T E R M
B O N D S
Ay-1.
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds..............
76
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds..............
77
I NT ERNATIONAL
IFS-1.
IFS-2.
IFS-3.
FINANCIAL STATISTICS
- U.S. Reserve Assets............................... ...........................
- U^^.Li^'d
NobI^L^ Liabilities to,^ o v e ig a .Q £ f± (d k L J ^ U tX L t± c x m 9 Aad^iquid
Liabilities to All Other Foreigners...........................................
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area.....................................................................
78
79
80
IFS-4.
IFS-5.
- Nonmarketable U.S. Treasury Bonds and Notes.....................................
- U.S. Position’in the International Monetary F u n d , *.*.*.,*•••••••............ .
81
IF5-6.
- Weighted-Average of Exchange Rate Changes for the Dollar.........................
83
$2
M a y
1 9 7 7
H
I
C O N T E N T S
CAPITAL M O V E M E N T S
Page
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-1-1.
«■* Short-Terifr Liabilities by Tjrpe of Foreign Holder................................... . 86
CM-1—2.
- Short-Term Liabilities by Type of Liability....................................... j
87
CM-1-3.
- Short-Term Liabilities by Country....... .........................................
89
CM-1-4.
- Short-Term Liabilities, l^y Type and Country........................................ . 90
CM-1-5.
- Short-Term Liabilities, Not Regularly Reported Separately...........................
CM-1-6.
- Long-Term Liabilities by Type.................................................... . 92
CM-1-7.
- Long-Term Liabilities by Country.-................................................ . 93
91
CM-II-1.
CLAIMS ON ‘‘FOREIGNERS WSXSSSb: m M N M
- Short-Term Claims by Type....................................................... . 94
CM-II-2.
- Short-Term Claims by Country.................................................... * 95
CM-II-3.
- Short-Term Claims, by Type and Country........................................... . 96
CM-IL-4 .
- Long-Term Claims by Type.........................................................
97
CM-11*5.
- Long-Term Claims by Country......................................................
98
CM-II-6 .
- Long-Term Claims, by Type and Country.............................................
99
CM-III-1.
- Liabilities by Type............................................................. ,100
CM-III-2.
- Short-Term Liabilities by Country................................................. 101
CM-III-3.
- Short-Term Liabilities,by Type and Country......................................... 102
CM-III-4.
- Long-Term Liabilities, by Country................................................ 103
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM- IV-1.
- Claims by Type.................................................................. 104
CM-IV-2.
- Short-Term Claims by Country.......................................... ..........j 105
CM-IV-3.
- Short-Term Claims, by Type* and Country........................................... 106
CM-IV-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type..............* 107
CM-IV-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country........... j 10*7
CM-IV-6 .
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country....108
CM-IV-7.
- Long-Term Claims by Country...................................................... 109
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities........................ 110
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities......................... 110
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country....... Ill
CM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country..... 112
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic Bonds................................113
CM-V-6 .
- Net Foreign Transactions in Domestic Stocks by Country.............................. 114
CM^V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country........................ 115
CM-V-8 .
- Net Foreign Transactions in Foreign Stocks by Country............................... 116
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date..................... 117
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year..................... 118
FOREIGN CBSDIT MSSf
BALAMCE& IN _
CM-VI-1.
- Foreign Credit Balances (Due to Foreigners)........................................ 119
CM-VI-2.
- Foreign Debit Balances (Due from Foreigners)......... :............................ . 120
IV
Treasury Bulletin
C O N T E N T S
F O R E I G N
C U R R E N C Y
POSITIONS
SUMMARY POSITIONS
Page
FCP-I-1.
Nonbanking Firms* Positions.................................................... .
122
FCP-I-2.
Weekly Bank Positions.......................................................... .
122
FCP-I-3.
Monthly Bank Positions........................ ................................
122
BELGIAN FRANC POSITIONS
FCP-II-1.
Nonbanking Firms1 Positions....................................................
123
FCP-II-2.
Weekly Bank Positions...................................................... ....
FCP-II-3.
Consolidated Monthly Bank Positions.............................................
123
124
FCP-III-1.
Nonbanking Firms* Positions....................................................
125
FCP-III-2.
Weekly Bank Positions..........................................................
125
FCP-III-3.
Consolidated Monthly Bank Positions.............. ..............................
126
CANADIAN DOLLAR POSITIONS
FRENCH FRANC POSITIONS
FCP-IV-1.
Nonbanking Firms* Positions............................ ........................
127
FCP-IV-2.
Weekly Bank Positions..........................................................
127
FCP-IV-3.
Consolidated Monthly Bank Positions.............. ..............................
128
FCP-V-1.
Nonbanking Firms* Positions............................ ........................
FCP-V-2.
Weekly Bank Positions..........................................................
FCP-V-3.
Consolidated Monthly Bank Positions.............................................
GERMAN MARK POSITIONS
129
129
130
ITALIAN LIRA POSITIONS
FQP-VI-1.
Nonbanking Firms* Positions........................................... .........
FCP-VI-2.
Weekly Bank Positions..........................................................
131
131
JAPANESE YEN POSITIONS
FCP-VII-1.
Nonbanking Firms * Positions....................................... ..............
132
FCP-VII-2.
Weekly Bank Positions.............. ...........................................
FCP-VII-3.
Consolidated Monthly Bank Positions.............................................
132
133
SWISS FRANC POSITIONS
FCP-VIII-1.
Nonbanking Firms* Positions.....................................................
FCP-VIII-2.
Weekly Bank Positions..........................................................
FCP-VIII-3.
Consolidated Monthly Bank Positions.............................................
134
134
I35
STERLING POSITIONS
FCP-IX-1
Nonbanking Films* Positions........ ............. ..... .................... .
FCP-IX-2.
Weekly Bank Positions........................................................ .
FCP-IX-3.
Consolidated Monthly Bank Positions................................ ........ .
FCP-X-1.
Nonbanking Firms* Foreign Subsidiaries* Positions........................ .........
FCP-X-2.
Weekly Bank Foreign Office Positions............................................
FCP-X-3.
Monthly Bank Foreign Office Positions...........................................
136
136
137
UNITED STATES DOLLAR POSITIONS ABROAD
133
135
139
V
M a y
1 9 7 7
C O N T E N T S
FINANCIAL OPERATIONS
OF
G O V E R N M E N T
AGENCIES
A N D
F U N D S
Page
FEDERAL CREDIT PROGRAMS
GA-II-1.
- Direct Sales and Repurchases of Loans.......................................14-1
TRUST FUNDS
GA-III-2.
r Civil Service Retirement and Disability Fund.................................... .
142
GA-III-2
- Federal Old-Age and Survivors Insurance Trust Fund...............................
143
GA-III-3.
- Federal Disability Insurance Trust Fund.........................................
144
GA-III-4.
- Federal Hospital Insurance Trsut Fund...........................................
146
GA-III-5.
- Federal Supplementary Medical Insurance Trust Fund................................
147
GA-III-6.
- Railroad Retirement Accounts...................................................
148
GA-III-7.
- Unemployment Trus$ Fund........................................................
149
GA-III-8.
- National Service Life
151
GA-III-9.
- Investments of Specified Trust Accounts in Public Debt Securities and'Ageney Securities
152
Cumulative Table of Contents.................................................................
153
Note:
Insurance Fund...........................................
Details of figures may not add to totals because of rounding.
Treasury Bulletin
VI
T reasury Financing
Operations
Auction of 2-Year Notes
On April 12 the Treasury announced that it would auction
$1,469 million
of 2-year notes to
refund a like amount of
notes held by the public maturing April 30, 1977.
offered were
Treasury Notes of Series P-1979,
The notes
to be dated
Tenders
for the notes
were received until 1:30 p.m.,
33DST, May 3, and totaled $6,101 million of which $2,750 mil
lion was accepted at prices ranging from 100.00 (yield 7.24$)
down to 99.76 (yield 7.29$).
Noncompetitive tenders for $1
May 2, 1977, due April 30, 1979, with interest payable semi
million or less were accepted
annually on October 31 and April 30
of accepted tenders, 99.81 (yield 7.28$).
turity.
in each year until ma
A coupon rate of 5-7/8$ was set after the determi
nation as to which tenders were
the average
of which
price close to 100.000.
Tenders for
EST, April 19,
million was
These total*-
million.
accepted on a yield basis,
translated into an average accepted
in full at the average pri
Tenders
for the bonds
were received until 1:30 p.m.,
EDST, May 4, and totaled $2,673 million of which $1,000 mil
lion was accepted at prices ranging from 98.54 (yield to ma
the notes
was
received until 1:30 p.m.,
and totaled $3,239 million, of which $1,482
accepted at yields
ranging from
100.065 up to 5.89$, price 99.972.
5.84$, price
Noncompetitive tenders
turity 7.75$) down to 98.13 (yield to maturity 7.78$).
Non
competitive tenders for $1 million or less were accepted in
full at the average price of accepted tenders, 98.25 (yield
to maturity 7.77$).
These totaled $127 million.
for $1 million or less from any one bidder were accepted in
In addition to the amounts allotted to the public, $2,623
full at the average yield of accepted tenders, 5.87$, price
million of the notes and $900 million of the bonds were al
100.009.
These totaled $221 million.
lotted to Federal Reserve banks and Government accounts for
$510 million of tenders were accepted at
their own account in exchange for securities maturing May 15,
the average price from Government accounts and Federal Reserve
1977, and $100 million of the notes to Federal Reserve Banks
banks for their own account
as agents for foreign and international monetary authorities
In addition,
in exchange for securities ma
turing April 30, 1977, ($110 million) and from Federal Reserve
Banks as agents for
thorities for new cash ($4-00 million).
Tenders
were received
at Federal
Bearer notes,
Reserve banks
and
Washington,
with interest coupons attached, and
notes registered as to principal and interest were authorized
to be issued in denominations of $5,000, $10,000, $100,000,
and $1,000,000.
accepted tenders in both auctions was re
cash,
securities maturing on or before May 16, 1977, which
were to be accepted at par, or other funds immediately avail
able to the Treasury by that date.
Tenders were received
in both auctions at Federal Re
serve banks and branches and at the Bureau of the Public Debt,
Washington, D. C.
May Refunding
Bearer notes and bonds, with interest cou
pons attached, and notes and bonds registered as to principal
On April 27 the Treasury
announced that it would sell
to the public at auction, under competitive and noncompeti
tive bidding, up to $2,750 million of 7-1/4$ Treasury Notes
of Series A-19&4 and up to $1,000 million of 7-5/8$ Treasury
Bonds of 2002-2007.
Payment for
quired to be made or completed on or before May 16, 1977, in
branches and at the Bureau of the Public Debt,
D. G.
for new cash.
foreign and International monetary au
The proceeds will be used toward the
and interest were
authorized to be issued in denominations
of $1,000, $5,000, $10,000, $100,000, and $1,000,000.
52-Week Bills
On April 21 tenders were invited for $2,835 million, or
thereabouts,
of 364-day Treasury bills
pay-off of $4,283 million of notes maturing on May 15, 1977,
1977, and to mature May 2, 1978.
with the balance of the maturing issues to be redeemed from
pril 27.
the Treasury's operating cash balance.
lion was accepted,
The new issues represent additional amounts of currently
to be dated May 3,
Tenders were opened on A-
They totaled $6,196 million, of which $2,838 mil
including $56 million of noncompetitive
tenders from the public and $1,264 million of the bills is
outstanding securities originally issued on February 15, 1977.
sued at the average price to Federal Reserve banks for them
The notes will be issued on May 16, 1977,
selves and as
agents of foreign and international monetary
authorities.
An additional $128 million of the bills was
1984,
due February 15,
with interest payable semiannually on August 15 and
February 15 until maturity.
16, 1977,
The bonds will be issued on May
callable February 15,
2002 and due February 15,
issued to Federal Reserve banks as agents of foreign and in
ternational monetary authorities for new cash.
2007 with interest payable semiannually on August 15 and Feb
bank discount rate was 5.163$.
ruary 15 until call or maturity.
million of bills maturing May 3, 1977.
The average
The issue was to refund $3,335
May 19 77
VII
T reasu ry F in an cin g O perations—C on tin u ed
13-ffeek and 26-Week Bills
Issues of regular weekly Treasury bills in April totaled
$23,300 million.
These issues were offered for cash and in
accompany all tenders submitted for bills to be maintained on
the book-entry records of the Department of the Treasury.
A
exchange for bills maturing in the amount of $30,200 million.
cash adjustment will be made for the difference between the
There were two 13-week issues of $2,4-00 million, one 13-week
par payment submitted and the actual issue price as determined
issue of $2,300 million, and one 13-week issue of $2,500 mil
in the auction.
lion.
porated banks and trust companies and from responsible and re
There were two 26-week issues of $3,500 million, one
26-week issue
of $3,300 million,
$3,4-00 million.
and one 26-week issue of
Average rates for the new issues are shown
in the following table.
No deposit need accompany tenders from incor
cognized dealers
in investment securities, for bills to be
maintained on the book-entry records of Federal Reserve Banks
and Branches, or for definitive bills, where authorized.
A
deposit of 2 percent of the par amount of the bills applied
Annual average rate
(bank discount basis)
Date of issue
for must accompany tenders for such bills from others, unless
an express
guaranty of payment by an incorporated
bank or
trust company accompanies the tenders.
13-week
26-week
Noncompetitive tenders (without stated price), usually
for $500,000 or less from any one bidder, for each issue of
1977
13-week, 26-week, and 52-week bills, are accepted in full at
April
7
14
21
28
4.585
4.562
4.494
4.518
4.846
4.767
4.708
4.838
the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other immediately available
funds or in a like face amount of Treasury bills maturing on
Treasury Bills (Other than Short-dated bills) - General
Treasury bills are sold on a bid basis.
is payable without interest at maturity.
The par amount
denominations of
Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
They are issued only
in bearer form in the case of all issues except 52-week bills
in
that date.
$10,000, $15,000,
Foreign Series and Foreign Currency Series
$50,000, $100,000,
$500,000, and $1,000,000 (maturity value).
52-week issues of
Foreign series securities issued in April totaled $742
bills are, issued in book-entry form on the records of either
million,
the Federal Reserve Banks and Branches
Redemptions for the month totaled $£89 million.
or of the Treasury.
consisting
For a limited period of time, definitive bills of the 52-week
of April,
issues will be available only in the $100,000 denomination to
$20,4-69 million.
investors who are able to show that they are required by law
to hold securities in physical form.
and from
individuals at
the
Bureau
Each tender must be
of
the Public Debt,
for a minimun of $10,000.
Tenders over $10,000 must be in multiples of $5,000.
for the full
Note:
Payment
par amount of 52-week bills applied for must
one note and one bond.
series securities
At the end
outstanding
totaled
(Details are shown on page 58 .)
Foreign currency series securities issued in April con
sisted of a note
Tenders are received at Federal Reserve banks and branches
Washington.
foreign
of two bills,
$160 million.
denominated in Swiss francs equivalent to
Redemptions for the month totaled an equiva
lent of $187 million.
At the end of April foreign currency
series securities outstanding totaled an equivalent of $1,434
million and were all denominated in Swiss francs.
are shown on page 61 •)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
(Details
May 1977
1
____ FEDERAL FISCAL OPERATIONS____
Table FFO-1. - Summary of Fiscal Operations
____________ (In millions of dollars)___________
Budget receipts and outlays
Means of financing— net transactions
Borrowing from the public— Federal securities
Fiscal year
or month
Net
receipts
1/
Net
outlays
2/
(2)
(1)
1968.......
1969.......
1970.......
1971.......
1972.......
1973.......
1974.......
1975.......
1976.......
T.Q.......
1977 (Est.)...
1978 (Est.)...
1976-Mar
Apr....
May....
June...
Sept...
Oct....
Nov......
Dec....
1977-Jan....
Feb....
Mar....
Fiscal 1977
to date....
Surplus
or
deficit (-]
1-2
(3)
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
81.77?
359,461r
404,728r
<iU,431
33,348
22,679
37,615
22,660
27,360
31,753
21,018
25,698
29,472
29,977
24,327
25,171
178,833
184,548
196,588
211,425
231,876
246,526
268,392
324,601
365,610
94,473
408,l9lr
62,581r
29,196r
32,467
28,410
30,567
33,906
29,571
30,996
34,000
33,083
31,891
32,640
30,880
34,646
-25,161
3,236
-2,845
-23,033
-23,227
-14,301
-3,460
-43,604
-65,605
-1?,700
-48,73Qr
-57,853r
-8,765r
872
-5,371
7,048
-11,247
-2,211
757
-12,981
-7,385
-2,419
-2,664
-6,554
-9,475
155,662
197,139
-41,477
Public
debt
securi
ties 2 /
Agency
securi
ties
Invest
ments of
Govern
ment ac
counts Jt/
Total
4+5-6
Within general
account of the
U.S. Treasury
i/V
U.S.
Treasury
operating
cash
(4)
(5)
(6)
(7)
(8)
(9)
5,944
-10,150
-1,739
-347
-1,269
216
903
-1,069
-90
194
-1,388
-1,394
41r
-32
-9
-8
-139
353
-19
-5
-30
-393
-305
-13
2
5,320
8,522
10,062
7,417
8,420
11,822
14,813
7,031
4,341
-3,514
7,661
9,510
-706
54
4,581
5,905
-1,990
401
-1,925
-1,489
268
2,205
-3,099
310
510
?3,100
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,813
17,977
73,000
65,800
7,367r
1,398
4,109
3,847
5,964
8,733
3,279
4,386
6,738
6,306
3,157
9,118
5,351
-1,094
760
1,746
826
1,668
2,068
-3,380
_
-
-1,570
7,246
2,579
n.a.
n.a.
-2,722r
3,517
-3,383
6,682
-4,874
1,658
5,705
-5,371
-3,391
3,018
1,018
1,915
-5,575
557
*290
711
-8
245
123
-302
-59
n.a.
n.a.
-25
-26
-17
-192
2
8
-69
-405
13
30
-20
8
6
-1,295
35,057
-
-8,386
-367
22,476
7,526 .
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
82,049
76,705
6,620
1,483
8,699
9,760
4,114
8,782
1,373
2,902
7,036
8,905
363
9,442
5,859
34,506
-744
Means of financing— net transactions— Con.
Fiscal year
or month
Cash and monetary assets (Deduct)
Other
5/
Total budget
financing
7-8-9^10
-11-12+13+14
(13)
(14)
(15)
(16)
25,161
-3,236
2,845
23,033
23,227
14,301
3,460
43,604
65,605
12,700
6,785
7,544
9,291
10,117
11,785
13,854
10,473
Oct....
Nov....
Dec....
1977-Jan....
Feb....
Mar....
Fiscal 1977
to date....
367
10,407
-961
482
1,297
-208
-778
-8,897
-7,456
-2,179
-10,337
-7,975
-l,109r
-284
-407
45
-1,088
-1,059
-31
2,590
-584
-1,467
-2,890
-421
-876
57,749
8,765r
-872
5,731
-7,048
11,247
2,211
-757
12,981
7,385
2,419
2,664
6,554
9,475
2,184
-3,648
41,477
Footnotes on following page.
(10)
.
-
-
Other
(11)
(12)
1,859
808
-1,536
-208
1,079
-1,264
91
647
-172
-385
n.a.
n.a.
-450r
319
-19
889
-489
-60
163
1,456
-1,215
322
770
-866
-53
538
644
802
-908
-988
50
525
1,121
1,024
764
n.a.
n.a.
-32
251
538
85
258
351
154
49
285
157
-186
137
12
414
Federal securities
Transactions
not applied to
year's surplus
or deficit IQ/
2,997
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
-318
-56
-721r
2,076
-853
-3,476
1,358
-3,506
1,949
1,734
-3,077
1,107
3,980
-950
-609
1/
Gold
tranche
drawing
rights
Selected balances, end of period
General ac
count of the
U.S. Treasury
1 /6 /
•
U.S.
Treasury
Operating
cash
Public
debt
securities
2/
1968......
1969......
1970......
1971......
1972.......
1973......
1974......
1975.......
1976.......
T.Q......
1977 (Est.)...
1978 (Est.)...
1976-Mar....
Apr....
May....
June...
Special
drawing
rights
(17)
(18)
Agency
securities
n/
(19)
Investments
of Govern
ment accounts
(20)
Held by the
public
18+19-20
(21)
-
7,589
14,835
17.414
9,329r
11,536
8,153
14,835
10,051
11,709
17,414
12,043
8,652
11,670
12,688
14,603
9,028
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
716,750
793,455
600,490
601,973
610,672
620,432
624,546
633,328
634,701
637,603
644,639
653,543
653,907
663,348
669,207
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
10,290
8,895
10,961p
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,392
10,934
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
155,713
165,223
141,026
141,080
145,660
151,566
149,576
149,977
148,052
146,563
146,831
149,037
145,937
146,247
146,758
290,629
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
497,696
571,327
637,127
470,425r
471,763
475,872
479,719
485,683
494,417
497,696
502,713
509,451
515,757
518,914
528,033
533,383
-
9,028
669,207
10,934
146,758
533,383
-
-
-
-
454
Treasury Bulletin
2
.FEDERAL FISCAL OPERATIONS*
Footnotes to Table FFO-1.
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Revised Current Budget estimates, released April 2, 1977,' are available
in detail for Net Budget receipts, outlays, and deficit. Other estimates
are based on the 197# Budget Revisions of the U.S. Government, released
February 22. 1977. _ ^
1/ For detail see fable FFO-2.
2/ For detail see Table FPO—3*
.
-q/ Ao of July 3 1 , 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the budget presentation.
U For detail see Table FP0-6.
5/ current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance dateJ^sxs
and are converted to accounting date basis at June 30 (final) only*
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FP0-10 in the October 1974
£/ A^o^July 1974, balances shown under "Within general account of the
U S Treasury” are now presented in columns 9, 11, and 13.
2/ Represents holdings of special drawing rights, less certificates
issued to Federal Reserve banks.
8 / Represents activity of the International Monetary Fund.
2/ Includes: public debt accrued interest payable to the public, de
posit funds, miscellaneous asset and liability accounts, and as of
July 1974, the gold balance.
10/ Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassifi
cation of Commodity Credit Corporation certificates of interest;
fiscal 1974 conversion of interest receipts of Government accounts
to an accrual basis; and net outlays of off-budget Federal agencies
(Export-Import Bank from August 17, 1971 through September 30, 1976,
rural electrification and telephone revolving fund since May 12, 1973,
Postal Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fund since
August 22, 1974, and Pension Benefit Guaranty Corporation since
September 17, 1974).
11/ For detail, see Table FD-6.
n.a. Not available. r Revised.
* Less than $500,000.
3
May 1977
__ FEDERAL FISCAL OPERATIONS..
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Fiscal year
or month
Income taxes
Net
budget
receipts
Individual
Withheld 1/
Other
Refunds
Corporation
Gross
Net
Net
income
taxes
Net
Refunds
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977 (Est.)........
1978 (Est.)........
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
81.773
359,461r
404,728r
57,301
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
152,915
186,161
20,951
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
39,591
35,955
9,527
10,191
13,240
14,522
14,143
21,866
23,952
34,013
27,367
958
43,589
42,894
68,726
87,249
90,412
86,230
94,737
103,246
118,952
122,386
131,603
38,801
148,917
179,222
29,897
38,338
35,037
30,320
34,926
39,045
a,744
45,747
46,783
9,809
62,859
67,645
1,232
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,677
6,000
28,665
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
57,182
61,645
97,390
123,927
123,241
113,015
126,903
139,398
157,571
163,007
173,011
47,261
206,099
240,867
1976-Mar..........
Apr..........
May..........
June.........
July.........
20,431
33,348
22,679
37,615
22,660
27,360
31,753
21,018
25,698
29,472
29,977
24,327
25,171
11,385
10,037
10,755
11,251
10,731
11,813
10,406
10,694
12,201
12,179
11,980
11,405
12,972
2,532
12,723
573
5,275
1,018
542
5,249
564
375
678
6,141
1,154
2,719
8,646
7,512
5,171
490
549
267
142
163
41
194
13
4,045
9,559
5,272
15,248
6,157
16,037
11,201
12,088
15,513
11,095
12,535
12,663
18,108
8,515
6,131
6,485
6,727
1,396
10,391
1,885
1,111
6,812
1,874
1,185
7,838
2,007
1,311
9,131
621
607
380
391
372
422
554
846
486
205
313
363
412
5,863
6,119
1,016
10,000
1,513
689
6,259
1,027
699
7,633
1,694
948
8,719
11,135
21,367
7,172
26,036
12,714
12,776
21,771
12,122
13,234
20,296
19,803
9,463
14,851
155,662
71,431
11,631
14,014
69,048
23,346
2,625
20,721
89,768
Sept.........
Oct..........
Nov..........
Dec..........
1977-Jan..........
Feb..........
Mar..........
Fiscal 1977
to date..........
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
Old-age, disability, and
hospital insurance
Unemployment insurance
Railroad retirement accounts
Gross
1968....
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
1977 (Est.)
1978 (Est.)
1976-Jwax....
Apr.,J4
May....
June...
July...
Aug....
Sept...
Oct
Nov....
Dec
1977-Ja
n
Feb....
Mar....
Fiscal 1977
to date...,
28,672
33,956
38,600
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,561
103,109
5,929
7,932
9,288
6,555
5,917
9,045
6,513
5,288
7,488
5,668
6,492
9,067
6,696
40,698
Footnotes at end of table.
263
605
386
518
447
479
535
360
408
442
502
28,409
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,120
102,607
5,929
7,932
9,288
6,147
5,917
9,045
6,513
5,288
7,488
5,668
6,492
9,067
6,696
40,6
Net
employment
taxes and
contributions
Gross
815
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,860
1,855
142
79
203
145
20
283
25
21
287
158
18
290
162
814
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,860
1,855
142
79
203
145
20
283
25
21
287
158
18
290
162
29,224
34,236
39,133
41,699
46,120
54,876
65,892
75,204
79,909
21,803
91,980^
104,462
6,071
8,011
9,491
6,292
5,937
9,328
6,538
5,308
7,775
5,826
6,511
9,357
6,858
3,351
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
10,921
14,202
140
962
2,945
248
726
1,824
154
504
1,206
-26
348
998
127
938
938
41,636
3,157
Refunds
7
6
8
13
19
26
33
32
6
38
56
11
10
4
-6
3
1
2
1
1
1
Net
unemployment
insurance
3,346
3,328
3,464
3,674
4,357
6,051
6,837
6,771
8,054
2,698
10,883
14,146
129
952
2,940
254
723
1,822
153
503
1,205
-26
347
997
126
3,152
Treasury Bulletin
4
.FEDERAL FISCAL OPERATIONS,
Table FFO-2. - Budget Receipts by Source—Continued
(In millions of dollars)
Social insurance taxes and contributions - Continued
Net contributions for other
insurance and retirement
Fiscal year
or month
Federal
supple Federal
mentary employees
medical retirement
insurance
Other
retirement
Excise taxes
Miscellaneous
Net
social
insurance
taxes and
contri
butions
Total
Gross
Refunds
Airport and airwaytrust fund
Net
1977 (Est.).....
1978 (Est.).....
698
903
936
1,253
1,340
1,427
1,704
1,901
1,937
539
2,143
2,192
1,334
1,426
1,735
1,916
2,058
2,146
2,302
2,513
2,760
706
2,944
2,958
20
24
29
37
39
41
45
52
54
13
56
56
2,052
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,143
5,206
34,622
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,006
123^814
9,827
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
10,239
.10,602
127
96
167
133
1,056
158
141
150
141
44
146
149
9,700
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
2,520
10,093
10)453
1976-Mar.......
Apr.......
May.......
June......
July......
Aug.......
Sept.......
Oct.......
Nov.......
Dec.......
1977-Jan.......
Feb.......
Mar........
170
160
159
167
178
183
177
173
181
181
178
180
180
259
220
216
254
226
275
205
209
267
219
280
225
242
5
6
4
4
4
5
4
5
3
7
4
4
6
435
386
380
425
408
464
3$6
388
451
407
462
410
428
6)635
9,349
12,811
6,971
7,068
11,614
7,077
6,199
9,432
6,207
7,320
10,764
7,413
832
877
746
896
886
829
849
803
831
943
780
748
712
28
-5
12
12
11
15
18
12
28
-3
12
10
15
804
882
734
884
875
8I4
831
791
803
946
768
738
697
Fiscal 1977
to date.......
1,074
1,442
30
2,546
47,334
4,817
73
4,743
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
Refunds
-
_
_
2
1
2
2
1
2
1
2
2
_
_
563
649
758
840
962
938
277
1,191
1,271
82
81
53
94
92
96
96
•*
*
*
*
_
1
93
111
1
-
564
650
760
842
964
940
277
1,193
1,273
Customs duties
Estate and gift taxes
Excise taxes-Continued
Gross
Gross
Refunds
June.......
July.......
Aug........
Sept.....
Oct........
Nov........
Dec........
1977-Jan........
Feb........
Mar........ .
4,493
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,794
7,005
471
496
545
523
543
574
560
524
594
473
583
489
504
114
224
32
123
313
153
123
146
152
1
139
148
13
106
2
13
Fiscal 1977
to date........
3,166
1968.........
1969.........
1970...*......
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
T.Q.........
1977 (Est.)....
1978 (Est.)....
1976-Mar........
Apr........
Net
Net
excise
taxes
Gross
Refunds
Net
19
12
4,379
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,655
6,857
458
390
543
511
543
573
560
524
603
473
583
470
492
14,079
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,939
18,581
1,344
1,353
1,329
1,489
1,510
1,476
1,486
1,408
1,517
1,513
1,447
1,294
1,283
3,082
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
6,009
5,935
464
397
495
450
463
555
467
425
578
506
513
1,897
636
31
39
36
49
54
59
66
77
91
31
100
100
15
10
6
7
9
8
14
8
7
4
9
7
11
22
3,144
8,462
4,555
47
-
1
-
-9
-
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates are based on the Revised Current Budget estimates,
released April 2, 1977. Estimates in detail are not available and are
based on the 1978 Budget Revisions, released February 22, 1977.
1/ Includes individual income taxes designated for the Presidential
election campaign fund. Prior to February 1974, these taxes were
Included in "Other".
_
Gross
3,051
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
1,909. .
5,835
450
387
489
442
454
547
453
417
570
502
504
1,890
625
4,507
Refunds
94
97
87
94
_
*
*
82
81
53
94
92
89
96
93
111
94
97
87
93
576
1
575
_
Net miscellaneous receipts
Highway trust ftmd
Fiscal year
or month
Net
Net
Deposits of
earnings by
Federal
Reserve
banks
2,113
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
4*870
5,446
396
370
359
432
399
404
440
358
404
420
395
356
475
75
68
64
66
107
120
110
106
134
31
150
160
12
13
10
11
10
10
11
12
12
8
14
9
9
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
4,720
5,286
384
357
349
421
389
394
429
345
392
381
347
466
2,091
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
6,000
6,400
453
503
473
478
487
502
511
490
503
501
478
524
460
2,407
64
2,344
2,957
412
All
other
400
247
158
325
380
426
523
935 2/
2,576 2 /
112
Total
29
32
56
1,777
37
49
26
38
50
42
43
44
74
2,491
2,908
3,424
3,858
3,633
3,921
5,369
6,711
8,028
1,613
.6,204.
7,241
482
535
528
2,255
524
552
537
527
553
542
521
568
534
290
3,247
O ft
2/ Includes $442,615 thousand in fees for licenses to import petroleum
and petroleum products.
Includes $1,670 million in fees for licenses to import petroleum and
petroleum products,
* Less
$500,000.
1/
BUDGET RECEIPTS BY SOURCE
Fiscal Years 1 9 6 8 - 1 9 7 7
$Bil.
$ B il.------------------------------------------------------------------------------------------------
- Individual IncomeTaxes
%
1 0 0 -------------------------
Social Insurance Taxes
1968
6 0 --------------------------------------------
- CorporationTaxes
1970
1972
1974
1976 T.Q. 1977
1972
1974
1976 T.Q. 1977
2q_Excise Taxes
1968
1970
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2
2/ Includes estate and gift taxes, customs duties, and miscellaneous receipts.
Treasury Bulletin
6
.FEDERAL FISCAL OPERATIONS,
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Fiscal year
or month
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
T.Q.........
DQ77 (Est.)...
1978 (Est.)...
1976-Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept.....
Oct.....
Nov.....
Dec.....
1977-Jan.....
Feb.....
Legis
lative
branch
The
judi
ciary
Executive
Office
of the
President
Funds ap
propriated
to the
President
Defense Department
Agricul Commerce
ture De Depart
partment ment
Military
Civil
306
670
887
511
-176
493
-223
-574
-891
336
510
7,307
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
15,963r
17,012
535
999
980
1,248
1,109
1,266
1,475
982
1,875
1,165
1,372
1,286
1,705
807
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
3,073r
4,799r
166
162
151
239
178
159
197
131
191
201
145
135
167
77,373
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
21,926
96,200r
109,066r
7,445i
8,158
6,951
7,622
7,246
6,826
7,855
7,244
7,820
8,305
8,004
7,907
8,146
1,300
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
583
2,366
2,591
160
153
164
204
168
209
206
194
218
171
182
116
111
-349
8,385
969
47,426
992
255
277
340
384
487
540
625
726
779
225
1,016
1,102
72
43
73
71
67
50
109
53
99
77
60
101
70
91
109
128
142
173
183
205
284
325
85
398
440
1
29
29
58
36
27
23
1
39
26
61
25
35
28
31
36
47
55
49
75
93
79
16
84r
82
9
8
6
5
6
5
6
5
6
6
6
5
9
4,913
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221'
3,251r
6,572r
407
457
188
37
-9 9
Health,
Education,
& Welfare
Department
Housing &
Urban De Interior
velopment Depart
Department ment 2/
40,576
46,594
52,338
61,866
71,779
82,042
93,735
Justice
Depart
ment
Labor
Depart
ment
34,341
147,713r
164,148r
ll,629r
11,131
10,485
11,319
11,234
11,318
11,788
11,635
11,983
11,968
11,918
12,136
12,458
4,140
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
1,397
6,798r
8,934r
-901
443
209
139
1,125
-134
406
110
399
590
517
409
583
235
$37
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,394r
3,471r
48r
188
148
183
253
280
255
248
240
277
171
216
212
430
515
640
916
1,180
1,531
1,797
2,067
2,242
551
2,421r
2,423?
188
194
172
193
215
154
181
199
194
215
213
165
203
3,272
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
5,9C
23,0
72,099
2,609
1,364
1,189
11,489
2,4.
2,107
1,883
2;035
1,909
2,215
1,782
1,459
1,738
1,931
2,010
2,038
2,313
i'iscal 1977
Fiscal year
or month
Treasury
Department
Transpor
State
Depart tation
ment
Department Interest
on the
Other
public
y
debt 2/
1968.........
424
1969.........
437
1970.........
448
1971.........
468
1972.........
568
1973.........
591
730
1974.........
1975.........
844
19^6....... .
-1.061
T.Q..........
316
1977 (Est.)....
l,174r
l,246r
1978 (Est.)....
1976-Mar.......
78
Apr......
67
May.......
42
June......
30
July......
233
Aug.......
50
Sept......
34
Oct...... .
116
Nov.......
58
80
Dec......
1977-Jan.......
129
111
Feb......
Mar.......
132
5,732
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,561r
I4,952r
895
1,056
718
1,234
945
985
1,072
1,019
1,331
1,127
993
781
872
14,573
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,900r
44,468r
2,550r
3,209
3,223
3,143
3,754
2,862
1,486
2,870
3,065
6,421
2,881
2,774
2,754
82
336
206
31
275
6,792
6,674
8,512
7,272
1,598
8,945r
9,155r
411
1,960
310
-194
1,342
203
52
1,873
225
-164
1,808
260
336
Energy
ReEnviron
mental
and
Protection
Devlp. Agency
Admin.
V
2,466
2,450
2,453
2,275
2,392
2,393
2,307
3,198
3,759
1,051
5,075r
6,419
331
322
339
457
233
336
482
267
342
422
326
366
380
-
701
763
1,1U
2,032
2,530
3,118
1,108
4,997r
6,073
315
268
219
233
439
338
331
274
412
353
312
284
458
Fiscal 1977
20,766
627
6,124
2,093
4,213 2,103
to date......
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on the Revised
Current Budget estimates, released April 2, 1977.
Note: Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts are
shown in this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
2/ Cumulative year to date figures may not add due to budget realignments.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for
General
Services
Adminis
tration
National
Aero
nautics
and
Space
Admin.
Veterans
Adminis
tration
Other
independ
ent
agencies
1/
Undistributed Offsetting
Receipts 2/ £ /
Rents and
Royalties
on the Outer
Continental
Shelf lands
413
425
446
501
589
468
-276
-624
-92
3
226r
355r
57
-127
26
71
-130*
101
32
-101
74
102
-181
-3
83
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,823r
3,913
307
293
279
286
344
359
250
368
359
345
275
321
352
6,858
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
18,163i
18,819r
7,337
4,890
7,246
8,879
9,886
11,449
12,945
17,255
18,286
5,527
20,679r
25,887r
1,674
1,618
1,569
1,254
1*351
1,385
1,222
1,382
1,723
1,459
1,640
1,574
1,611
l,454r
1,748
1,578
1,437
2,101
1,280
2,146
3,613
1,575
1,596
1,147
125
1,604
-2,428
-2,662
-1,3U
-2,300
-2,700r
-736
-414
-495
-45
-64
-289
-958
-71
-120
-353
-61
-70
-82
-27
2,020
9,388
9,787
-757
_
_
_
_
_
Total
Other
-4,499
-5,117
-6,380
-7,376
-7,808
-8,379
-9,893
-11,670
-12,042
-1,255
-12,767
-12,109r
-398r
-1,038
-953
-1,323
-1,072
-924
741
-365
-539
-3,854
-399
-518
-377
-6,052
178,833
184,548
196,588
211,425
231,875
246,526
268,392
324,601
365,610
94,473
408,l9lr
462,581r
29,196r
32,476
28,410
30,567
33,906
29,571
30,996
34,000
33,083
31,891
32,640
30,880
34,646
197,139
the Interior Department. To conform with the FT 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
2 / Reported on an accrual basis.
i j Pursuant to Public Law 93-438, the activity for the Atomic Energy
Commission other than nuclear regulatory and reactor safety research
was transferred to the Energy Research and Development Administration.
SJ For content see Table FFO-4.
r Revised.
May 1977
7
/
„FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept,
Civil Service
Commission
Other
1/
Federal Old-Age,
Civil Service
Disability, and
Retirement and
Hospital Insurance Disability Fund
1968.
1969.
1970.,
1971.,
1972.,
1973.,
1974.,
1975.,
1976.,
T.Q...
1977 (Est.)..
1978 (Est.)..
510
611
728
727
742
816
911
1,082
1,138
294
1,169
1,293
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,918
2,080
592
2,219
2,228
1976-Ma r
Apr...
May...
June....
104
106
107
108
97
102
95
85
87
92
99
99
96
208
168
165
181
175
271
147
158
205
178
156
170
195
558
1,063
July....
Aug...
Sept....
Oct...
Nov...
Dec.....
1977-Jan.....
Feb... .
Mar....
Fiscal 1977
to date....
Interest credited to certain Government accounts
Defense
Department
5
6
8
8
9
10
652
980
1,024
99
1,203
1,132
Total
Soldiers' Federal Old-Age
Airmen's
and Survivors
Home
Insurance
Permanent Trust Fund
Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
21
23'
12
17
29
43
77
104
104
4
118
180
1,825
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,591
4,653
894
1,009
1.346
1,617
1,718
1,848
2,039
2,296
2.346
80
2,320
2,162
83
140
221
324
388
435
479
512
467
13
384
263
61
94
138
183
190
198
406
607
708
5
778
864
361
322
320
739
321
374
290
292
352
308
378
323
340
17
56
25
987
6
56
17
37
69
961
4
3
5
200
1
9
4
2
11
173
58
16
2
2
2
359
2
1
1
2
4
366
2
6
4
2
1
1
44
1
1
2
1
2
47
1
4
5
1,993
1,148
384
59
4tfr
49
49
449
50
1
48
48
60
38
124
54
49
373
Health, Education, and Welfare Department
Interest credited to certain Government accounts— Continued
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q...
1977 (Est.).
1978 (Est.).
1976-Mar..
Apr..
May..
June.
July.
Aug.,
Sept.
Oct..
No®..
Dec..
1977-Jan...
Feb...
Mar....
Fiscal 1977
to date....
Transportation Veterans Administration
Department
National
Government
Service
Life
Life
Insurance
Highway
Insurance
Fund
Trust Fund
Fund
Civil Service
Commission
Civil Service Retirement
Retirement and Board
Disability
Fund
439
517
601
637
496
487
650
639
283
55
33#
354
9
22
5
44
*
45
10
7
28
43
1
38
-6
34
53
115
184
206
247
415
586
587
13
©05
663
4
1
1
279
2
6
6
9
17
249
1
1
1
32
32
31
31
32
31
31
31
31
■*
31
33
*
*
*
15
*
*
*
*
*
16
*
*
*
205
2
6
*
2,760
3,182
4
6
40
1,114
3
65
4
8
42
1,302
3
63
8
111
277
16
214
1,425
211
225
245
271
292
309
338
368
398
8
433
475
*
1
*
192
2
6
706
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
_
1
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based on the Revised Current Budget estimates,
released April 2, 1977. Other estimates are not available in the
necessary detail and are based on the 1978 Budget, released
January 17, 1977.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
181
191
215
251
258
262
257
274
246
16
235
235
2
2
91
1
1
12
2
6
13
91
Other
2/
Grand
total
1/
20
14
12
23
40
130
162
3
196
242
-8r
620
463
-2,651
732
348
-1,077
1
2
92
11
1
124
Rents and
royalties
onthe Outer
Continental
Shelf lands
97
2,674
3,099
3,936
4,765
5,089
5,452
6,574
7,690
7,800
270
8,176
8,607
37r
716
633
584
751
550
-1,030
74
187
3,546
20
196
37
4,059
2,428
2,662
1,311
2,300
2,700r
736
414
495
45
64
289
958
71
120
353
61
70
82
757
4,499
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,067_
15,96Qr
l,133r
1,452
1,449
1,368
1,136
1,213
217
436
659
4,207
460
588
459
6,810
foreign service retirement and disability fund, and Airport and Airway
trust fund.
2 / Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu
ment's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a-result, the
detail will not add to the Fiscal Year 1974 totals.
* Less than $500,000.
r
Revised.
oo
Table FFO-5. - Budget Outlays by Function
(In millions of dollars)
Fiscal year 1976
T.Q.
F.Y. 1977
Function
Apr.
May
June
8,407r
-647
-3
7,756r
8,892
-899
1
7,99L
7,578
-439
-2
7,136
8,780
-639
-6
8,134
8,955
-1,497
5
7,462
7,808
-534
-6
7,268
711r
-229
-18
275
-27
249
315
-15
-8
292
1,204
-95
-32
1,077
973
-69
-2
902
360
371
403
360
348
-*
348
371
403
l,058r
-163
_*
1,097
-112
_*
1,045
-121
-*
1,230
-300
-*
1,406
-93
*
895r
984
924
929
53
4r
57r
-51
-*
-51
-669r
-6r
-*r
-675r
Mar.
Footnotes at end of table.
Oct.
Nov.
8,338
-678
-2
7,659
8,443
-843
4
7,604
8,321
-881
-6
7,434
8,523
-952
4
7,575
435
-40
-■*
395
207
-54
-•*
152
577
-14
-25
539
312
-18
294
417
_•*
417
309
-*
431
309
431
1,475
-302
w*
1,173
1,142
-85
1,313
1,290
-183
-1
1,106
274
-4
270
-236
55
-181
179
-80
99
132
-2
130
1,615
-5
1,610
474
-8
466
1,244
-7
1,238
2,061
-5
2,056
317r
-23r
-4
290r
484
-11
-9
464
460
-8
-3
448
574
-11
-35
528
l,813r
-2
l,811r
1,608
-2
1,606
1,259
-1
1,258
1,740
-2
1,738
464r
379
-1
379
.
Aug.
Sept.
Dec.
Jan.
Feb.
Mar.
8,604
-1,523
1
7,082
8,419
-293
5
8,131
9,550
-979
1
8,572
51,854
-5,472
9
46,391
49,340
-4,451
-1
44,889
498
-26
472
412
-63
349
398
-17
_•*
381
551
-29
_*
2,765
-166
-25
2,735
-376
-32
521
2,574
2,326
400
-*
400
as
_•*
418
305
-1
304
333
-*
403
_*
2,290
-1
2,239
-3
333
403
2,288
2,235
G
w
1,342
-125
-1
1,217
1,257
-214
-1
1,042
1,086
-190
-1
895
1,317
-137
-1
1,180
7,393
-869
-5
6,519
6,298
-705
-2
>
1,057
1,461
-119
-1
1,341
5,591
463
68
531
205
-83
122
677
-47
630
728
-221
507
392
191
582
322
28
350
574
-10
564
2,899
-53
2,846
1,223
-18
t—i
GO
O
>
659
-7
651
1,984
-6
1,977
2,241
-3
2,237
1,730
-4
1,726
999
-4
995
689
-8
681
-318
-5
-*
-323
1,271
-6
_*
6,612
-31
1,265
6,580
7,292
-37
-1
7,255
520
-64
-6
450
553
-14
-8
531
540
-13
-3
525
480
-12
-42
425
789
-30
-2
756
520
-14
-1
506
427
-22
-8
397
516
-34
-2
480
513
-15
-2
496
3,450
-218
-56
3,177
2,586
-76
-62
2,448
1,349
-1
1,348
1,474
-1
1,473
1,863
-1
1,862
1,130
-1
1,128
1,710
-1
1,709
1,564
-1
1,563
1,542
-1
1,541
1,587
-1
1,585
1,646
-2
1,645
t
c—o
-i
i
National defense
Outlays........................
Proprietary receipts from the public...
Intrabudgetary transactions.........
Total.........................
International affairs
Outlays........................
Proprietary receipts from the public...
Intrabudgetary transactions.........
Total.........................
General science.srnce. andtechnology
Outlays........................
Proprietary receipts from the public...
Total.........................
Natural resources, environment, and energy
Outlays........................
Proprietary receipts from the public...
Intrabudgetary transactions......... (
Total..........................
AgyjcygLt.uy.e,
Outlays........................
Proprietary receipts from the public...
Total.........................
Commerce and transportation
Outlays........................
Proprietary receipts from the public...
Intrabudgetary transactions..........
Total..........................
Community and regional development
Outlays........................
Proprietary receipts from the public...
Intrabudgetary transactions.........
Total..........................
Education., training employment, and, social
servj-ces
Outlays............... ..........
Proprietary receipts from the public...
Total..........................
July
Comparable
period
Cumulative fiscal
to datel/ 1976
-7
9,171
8,725
' -8
8,717
1,204
W
IT*
o
m
%
HH
o
a
GO
?
I
v3
to
£
&
3*
Table FFO-5. - Budget Outlays by Function—Continued
vS
(In millions of dollars)
Fiscal year 1976
Function
Health
Outlays...... ..............
Proprietary receipts from the public.
Intrabudgetary transactions......
Total.
Income security
Outlays......................
Proprietary receiots from the public.
Intrabudgetary transactions......
Total.
Veterans benefits and services
Outlays........ ..............
Proprietary receipts from the public.
Intrabudgetary transactions......
Total.
Law enforcement and .justice
Outlays.....................
Proprietary receipts from the public.
Intrabudgetary transactions......
Total.
General government
Outlays.....................
Proprietary receipts from the public.
Intrabudgetary transactions........
Total.
Revenue sharing and general purpose
fiscal assistance
Outlays........ .............
Proprietary receipts from the public.
Intrabudgetary receipts.... .......
Total.
Interest
Outlays........ .............
Proprietary receipts from the public.
Intrabudgetary transactions......
Total....... ...............
Undistributed offsetting receipts...
Net Budget outlays.
Mar.
Apr.
T.Q.
May
June
July
Aug.
vo
XI
F.Y. 1977
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
XI
Comparable
Cumulative period
to date 1/ fiscal
1976
. 3,351r
1
-258
. 3,094r
3,186
-1
-239
2,946
2,498
-4
-247
2,247
3,134
2
-185
2,951
3,463
-3
-384
3,077
3,466
1
-394
3,072
2,943
*
-100
2,843
3,629
-1
-376
3,251
3,410
-2
-393
3,014
4,936
1
-866
4,071
3,355
-4
-390
2,961
3,447
1
-383
3,064
3,874
-2
-1,199
2,674
22,651
-7
-3,608
19,036
20,027
-36
-2,310
17,682
. 12,546r
.
-*
-900
. ll,645r
11,884
_*
1,150
10,734
11,432
*
-450
10,982
11,989
10,813
11,131
11,327
11,352
12,403
—1,439
10,550
11,440
-•*
-451
10,990
-311
11,016
-819
10,533
-751
11,652
11,896
_•*
-177
11,719
13,876
-■*
-831
13,045
72,469
-*
-3,434
69,035
69,246
-1
-4,802
64,443
1,708
-48
-*
l,66Qr
1,671
-18
1,589
-34
1,293
-45
1,432
-65
1,652
1,555
1,248
1,658
-46
-*
1,611
9,663
-249
-1
9,413
10,077
-250
-1
9,826
242r
_*
282
_*
281
282
363r
-36
-21
305r
36r
-
10,813
-175
10,955
11,615
-*
-545
11,070
1,262
-39
-*
1,223
1,438
-37
-*
1,401
1,737
-37
-•*
1,508
-41
1,674
-44
1,367
1,431
-46
-*
1,385
1,699
1,467
1,630
1,649
-43
_■*
1,606
311
-1
323
-2
266
-27
303
-2
258
-*
301
-1
297
-*
339
1
246
-2
293
-1
1,860
-5
1,690
-4
281
310
321
239
300
258
300
297
340
244
292
1,855
1,686
144
5
-11
138
350
-2
-12
336
5,170
-50
-4,762
358
213
-22
-10
181
383
-10
-11
362
362
-39
-11
312
194
-10
-24
160
442
-28
-18
395
377
-33
-18
326
108
20
-35
93
330
-12
-32
285
366
-54
-29
284
1,815
-118
-157
1,540
1,744
-82
-100
1,563
W
1,605
_*
96
_•*
37
_*
1,776
-*
111
_*
137
-•*
2,127
-15
590
_•*
130
-X
2,062
_*
44
31
o
_
36r
1,605
32
1,776
111
137
2,112
590
127
2,062
44
3,500
-40
96
31
4,859
-15
-2
4,842
3,460
2,430r
-36r
-24r
2,371r
-l,135r
3,374
-12
-5
3,356
-1,452
3,256
-25
-11
3,220
-1,449
3,026
-120
-253
2,652
-1,368
3,745
-100
-347
3,298
-1,136
2,801
44
-14
2,831
-1,213
1,386
-74
-57
1,256
-217
2,755
-26
-87
2,642
-436
2,879
-80
-361
2,438
' -659
6,305
-51
-229
6,025
-4,207
2,738
-58
-297
2,382
-460
2,708
-20
-14
2,674
-588
2,570
-38
-10
2,522
-459
19,954
-273
-998
18,683
-6,810
18,466
-140
-624
17,702
-7,269
29,196r
32,476
28,410
30,567
33,906
29,571
30,996
34,000
33,083
31,891
32,640
30,880
34,646
197,139
183,759
242r
-*
«
U
M
>
►H
GO
O
>
O
►d
5
HH
a
GG
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Monthly totals may not add to cumulative due to budget reclassifications.
* Less than $500,000.
r Revised,
vo
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS_______________________________________
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Housing and Urban Development Department
Health, Education, and Welfare Department
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust
Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Government National
Federal Mortgage-Assn.
Housing
Other Adminis
Partici
tration pation
Other
Sales
Fund
-10
-3
2
5
9
15
8
7
-47
9
10
1,146
938
488
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
300
3,900
1
*
1
-*
*
2
*
1
3
-2
-720
-19
2,719
-1,028
3
1
-50
_
-
-256
1,026
-667
-32
565
-707
3
7
-2
1
2
2
-5
3
_
-*
-3
1
1
1
1
43
31
-5
38
-5
56
30
-37
16
47
-5
54
-4
-258
9
32
-927
59
-667
7
-1
-*
_
-
26
-171
11
-4
-
-1,708
-1
591
1,121
1,342
1,263
934
792
391
-37
-1,227
-47V
“1,936
66
87
590
693
377
-146
1,338
3,642
1,897
1,181
67
227
3,222
-197
77
-345
244
221
222
531
148
—148
14
892
1,064
*
*
*
-1
-*
*
“
135
165
131
128
109
31
63
200
118
28
151
160
1976-Mar..... .
Apr...........
May..... .
June......
July......
A u g . ,..
Sept..........
Oct........
Nov.......,...*
Dec...........
-696
698
1,871
-909
-1,252
1,349
-1,010
-1,794
-170
257
-74
4
-83
97
-254
-152
-72
-380
-349
28
-13
-36
-55
-60
98
95
*-180
80
73
451
_
*
“
*
*
-*
2
3
*
*
38
-10
6
-6
-43
1977-Jan.......
Feb... ,...
Mar...........
-1,125
35
250
-184
-240
-103
127
27
-123
463
-236
-13
316
-393
-291
/365
-262
-8
845
6
103
50
*
-
Fiscal 1977
to date...........
-2,548
-1,228
256
762
*
Veterans
Administration
Treasury National
Airport
Department Service
and
Highway
Other
Life In
Airway
Trust Fund
surance
Trust Func
Fund
Fiscal year
or month
1968.........
1969.........
1970.........
1971...... .
1972.........
1973.........
1974......... .
1975.........
1976.........
T.Q..........
1977 (Est.).....
1978 (Est.).....
1976-Mar.......
Apr*..... .
June..........
July.......
Aug.......
Sept.**...*...
Oct...*...*..*
Nov.........
Dec...*...
1977-Jan... *...
Feb.......
Mar.......
878
1,058
593
183
522
403
-589
-747
-5
1,380
1,201
353
-566
-920
56
40
-
224
5
86
83
62
272
178
111
215
25
296
303
122
29
14
20
29
26
30
27
42
*
47
46
873
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,182
5,753
46
44
18
130
59
61
63
67
71
116
40
63
61
23
50
184
79
35
-121
8
-128
-93
155
170
152
173
684
-8
1
-2
23
15
2
-1
208
293
4
-32
-21
1
-1
-1
184
12
13
1
7
5
195
-14
-10
-24
-1
-1
-2
34
3
-1
-1
-3
-2
38
1
-3
-5
-97
-261
-284
6,127
-374
-66
-315
-322
-127
958
-173
-165
-230
417
428
450
158
26
-59
-
470
465
-369
197
-202
299
184
223
261
27
-107
-357
Federal
Civil
Deposit
Service
Insurance
Commission Corpora
tion
257
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,218
356
-
Other
_
32
28
14
1
6
5
-8
12
2
-
1,584
2*898
3,953
1,274
1,827
2,298
2,217
2,175
—1,924
-913
-1,738
-2,268
Transportation
Department
Unemploy
Other ment Trust
Fund
-7
-8
-8
—6
-8
-4
1
12
29
2
-24
-19
1965..........
1969..........
1970..........
1971.... *.....
1972... .......
1973..........
1974*..........
1975*..........
1976...........
T.Q...........
1977 (Est.).....
1978 (Est.).....
¥t
-
Federal
Insurance
Adminis
tration
Labor Department
258
313
328
180
438
Federal
Savings
and Loan
Insurance
Corpora
tion
Postal
Service
Railroad
Retire
ment
Board
265
283
173
196
148
257
378
316
368
135
310
401
1,370
-280
-292
-90
125
599
-151
-920
-29
-25
71
21
-11
16
-133
24
90
-99
98
408
18
18
19
-9
22
42
80
13
12
111
30
8
95
17
60
-283
287
-415
389
-202
412
1,517
-170
245
-300
-155
282
-139
-180
-116
1,212
539
275
1,419
537
22$
404
470
-128
883
371
_
_
135
59
268
-9
-110
24
-60
-290
-246
-660
50
23
All
other
-21
-204
237
-145
26
67
110
165
2,030
-1,682
220
236
*
*
*
-*
7
-1
-
Total
5,320
8,522
10,062
7,417
8,420
11,821
: 14,813
7,031
4^341
-3,514
s,346
12,748
-293
-38
-329
-192
220
-61
-297
-34
-I64
61
26
35
-78
59
-1,719
-20
52
73
-8
69
-5
4
-706
54
4,581
5,905
-1,990
401
-1,925
-1,489
268
: 2,205
-3,099
310
510
-529
185
-1,295
Fiscal 1977
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1978 Budget of the
U*S* Government, released January 17, 1977.
Note: Figures may not add due to rounding.
* Less than $500,000.
Table FFO-7. - Trust Funds> Transactions October 1, 1976 through March 31, 1977
4
(In millions of dollars)
Receipts
Classification
Total in
trust
funds
Unemployment............ .
Veterans Life Insurance.... .
All other trust funds.........
Total................ .
Unified
budget
receipts Total in Trust
inter
attrib trust
fund
utable
funds
trans
to trust
actions
fluids
2/
(5)
(4)
(3)
Interfund transactions
Propri
etary
receipts
from the
public
(6)
(7)
(8)
Outlays
of trust Federal
payments Federal
funds
employer
and con contri
tribu butions
tions
(9)
(10)
(11)
Interest
and pro
fits on
invest
ments in
Federal
securities
(12)
Other
(13)
Unified
budget
outlays
attrib
utable
to
trust
funds
Total
U
(15)
(14)
Excess of
receipts
or outlays
(-)
(16)
L
35,338
5,620
7,335
611
101
945
417
56
85
1,148
200
384
-
2,176
357
1,414
33,162
5,263
5,921
_
*
-
2,669
*
_
7
3,043
4,622
1,435
59
1,432
25
2,728
2,893
315
1,729
759
-257
-188
_
_
-188
-
-
-
-
-
-188
188
-553
258
3,393
2,963
2,873
1,867
7,877
319
223
75,006
_
-553
258
3 -203
_
88
277
124
111
230
6
4,059
-
7
88
277
374
2,571
231
76
13,184
-553
171
3,393
2,687
-1,995
1,493
5,305
-160
-109
56,434
32,755
4,378
7,512
2,176
357
1,414
30,580
4,021
6,098
35,346
5,620
7,335
3,802
4,372
*
7
3,802
4,365
2,728
2,893
1,074
1,472
3,043
4,629
_
_
_
_
88
277
374
2,571
231
76
13,184
575
3,144
938
3,152
25
51,078
_
.
_
662
3,421
4,868
1,312
5,723
479
358
69,649
*
4,868
248
257
5,388
662
3,421
1,312
5,723
231
101
64,261
Source:
Based on Monthly Treasury Statement of Receipts and Outlays of
the United States Government.
Note:
The memorandum section of various tables in the Federal Budgets
presents the trust fund receipt and outlay data on the same concept as
columns (3) and (9) above. Trust interfund transactions are payments
from one fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The intragovernmental transactions
are payments from Federal funds to trust funds, and vice versa, but
*
4,868
248
257
5,381
2,963
-1,995
1,867
7,877
71
-34
69,617
250
36
4,612
1,993
exclude $153 million in trust fund payments to Federal funds,
1/
2/
2/
ij
*
_
8
•*
*
8
*
*
_
_
-
32,763
4,378
7,512
for content see columns 7 and 8.
For content see columns 10-13.
Includes net taxes and other receipts, mainly deposits b y States and
Federal employee retirement contributions.
Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
Less than $500,000,
2,460
1
34
2,519
)
-2,583
-1,242
177
553
404
-3,393
457
1,995
-555
-2,154
160
135
-5,356 '
.FEDERAL FISCAL OPERATIONS,
General Revenue Sharing....
Highway...... ........
Military Assistance Advances.,
Trust
Interfund
interfund Receipts
trust trans
and pro of
actions
funds
prietary
2/
receipts
1/
(2)
(1)
Federal Old-Age and Survivors
Insurance..............
Federal Disability Insurance..
Federal Hospital Insurance...,
Federal Supplementary Medical
Insurance..... .........
Federal Employees Retirement..
Federal Employees Life and
Health Benefits..........
Federal Deposit Insurance
Corporation.............
'O
^1
^1
Outlays
Treasury Bulletin
12
.FEDERAL OBLIGATIONS.
"Obligations'* are the "basis on which the use of funds
is controlled in the Federal Government.
of categories which are based upon the nature of 'the trans
They are recorded
action without regard to its ultimate purpose. All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order, delivery, payment,
in current operations or in the construction of capital items.
consumption— which
characterize the acquisition and use of resources.
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
andther; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements. In Table
FO-1, obligations that are incurred within the Government are
The obligationaJ. stage of Government transactions is a
strategic point in gauging the impact of the Government's
distinguished from those incurred outside the Government.
Tables FO-2, 3, and ^ show only those incurred outside.
operations on the national economy, since it frequently rep
resents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the
private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President’s
Commission on Budget Concepts.
The November 1976 through March 1977 obligations data are not included
in this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
13
May 1977
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred W ithin and Outside the Federal Government by
Object Class, October 31, 1976
____________________________________ (In millions of dollars)_____________________________________
Gross obligations incurred
Object class
Within
Personal ,sgryi<res and terafttfl
Personnel compensation.....
Personnel benefits........
Benefits for former personnel.
4,328
727
914
4,328
309
914
Contractual services and supplies
Travel and transportation of persons.
Transportation of things.........
Rent, communications, and utilities..
Printing and reproduction........
Other services................
Supplies and materials..........
145
169
318
36
5,014
2,894
64
197
338
38
1,937
1,229
209
366
656
74
6,951
4,123
AQquj-sitJ-QH Qf cftpfl.taj-_3£sg.t.s
Equipment.......... .
Lands and structures.....
Investments and loans....
1,616
669
793
393
18
13
2,009
687
806
10,363
11,488
2,422
96
4
36
799
10,368
11,524
3,221
96
-11
598
16
340
102
329
700
16
42,176
5,927
48,104
(ftmfcs
fixed cftanre?
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends..........
Refunds.....................
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered..............
Gross obligations incurred 1/.
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)......
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts..................
Net obligations incurred.
48,104
-16,891
-2,813
28,400
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, October 31, 1976
________________ (In millions of dollars)___________________________
Major object class
Major function
Personal
services
and
benefits
Contractual
services and
supplies
Acquisition of capital assets
Equipment
Lands and
structures
Investments
and loans
Grants
and
fixed
charges
Other
Total
National defense.................
International affairs.............
General science, space, and technology..
Natural resources, environment, and
energy.......................
Agriculture....................
Commerce and transportation.........
Community and regional development....
Education, manpower, and social services
Health........................
Income security...... ...........
Veterans benefits and services......
Law enforcement and justice.........
General government......... ......
General revenue sharing............
Interest.......................
3,830
35
66
5,842
17
511
1,534
1
7
289
1
4
*
99
-
18
165
9
557
38
-
12,070
357
598
230
49
253
42
52
92
307
300
96
198
*
15
*
33
*
3
1
*
16
1
4
*
318
*
41
*
*
*
*
12
1
1
-
12
138
322
167
2
7
10
5,551
149
161
613
324
3,255
2,079
10,820
1,631
452
58
2,375
2.258
24,369
-1
33
-19
-12
*
-1
7
1
*
-
Total.........................
908
88
192
11
130
271
209
102
57
234
*
3
8,576
1,632
469
1,436
533
3,442
2,448
11,337
2,077
608
494
2,375
2.298
42,174
*
Less than $500,000.
_
1,616
_
669
_
37
793
_
603
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, October 31, 1976
(In millions of dollars)
Classification
Benefits
Personnel Personnel for
compen
benefits former
sation
personnel
y
18
-
Executive Office of the President....
Funds appropriated to the President:
International security assistances
International development assistance
Other.....................................................
Agriculture Department:
Commodity Credit Corporation............
3
1
3
1
*
132
Commerce Department...............................
Defense Department:
Military:
Department of the Army............... ..
Department of the Navy..................
Department of the Air Force..........
Defense agencies..............................
Total m ilitary.................................
C ivil......................................................
Health, Education, and Welfare
Housing and Urban Development
Department:
Government National Mortgage
46
762
1,009
91+8
Transportation Department.....................
Treasury Department:
Interest on the public debt..............
Interest on refunds, etc.........
General revenue sharing.....................
Other......................................................
Energy Research and Development Admit
Travel and
trans
Transpor
portation tation of
of persons things
Rent, com
munications ,
and
u t ilit ie s
Printing
Other
and
repro
ser
duction vices
Sup
plies
and
mate
ria ls
Equip
ment
_
_
«
*
*
_
5
*
22
1
1
_
*
2
*
2
_
*
_
*
*
*
*
*
*
*
*
*
*
*
*
*
_
*
*
1
•
*
*
*
3
*
*
_
*
-
*
*
*
7
-
2
*
4
*
*
2
1
109
2
3
2
*
19
9
78
2
80
1
1
48
37
64
23
56
35
22
*
2
2
1
572
1,716
848
1
*
19
*
10
295
-
4
183
_
43
*
163
*
.
5
7
3,428
51
_
*
1
*
1
*
34
7
285
_
1,494
_
130
6
_
*
*
«
87
2
_
_
_
13
3
15
187
701
28
_
_
_
156
_
14
11
Grants,
subsidies
and con
tributions
*
272
295
100
Invest
ments
and
loans
825
387
1
2,817
115
1
Other
Grants and fixed charges
198
848
359
347
#
1,752
97
Lands
and
struc
tures
_
_
_
*
699
_
1,229
28
*
Insurance
Undistrib
Interest
claims
and
Refunds uted U.S.
and indem dividends
obliga
n itie s
tions
_
_
*
*
38
-
•
_
_
_
1
_
_
-
101
-
69
*
-1
-
-
2,503
5
20
*
4
*
*
-
*
*
10
*
25
-
*
-
2
584
464
462
7
*
2
6
*
_
_
-38
_
_
*
_
_
_
_
-
*
*
*
*
*
*
*
39
_
*
8
8
*
*
20
_
*
3
1
#
*
30
_
30
133
1
*
4
_
168
12
-
303
88
327
2,483
84
241
_
_
_
_
_
_
_
*
37
*
3
_
_
_
6
102
_
_
_
2,112
958
_
37
1
_
_
_
9,213
_
2,220
34
_
_
_
_
_
*
*
, _
117
42
1
_
_
_
*
*
*
*
47
295
-
*
*
2
6
*
l
8
10
*
-
471
32
6
6
49
16
4
12
47
«
438
775
4
_
_
*
*
*
3
*
*
1
4
*
*
*
1
8
*
*
1
#
10
15
263
#
*
752
2
*
8
2
_
*
3
89
-
166
_
*
6
325
66
_
*
771
14
*
Other.....................................................
1
7
45
58
Total.................................................
4,328
308
914
145
318
36
5,013
2,894
1,616
669
793
10,363
11,488
General Services Administration..........
National Aeronautics and Space
Veterans Administration.........................
Other independent agencies:
Small Business Administration..........
22
1
169
j
2
44
11
261
5
44
_
2,525
4,658
2,904
1,536
-
_
1
6
9
2
1
17
19
7
7
-
_
*
*
1
*
2
2
6
1
1
*
342
*
464
1
3
5
2
3
6
145
20
16
-1
1,68?
_
*
*
#
194
*
11
_
2
*
*
87
98
78
7
_
2
*
_
7
_
_
2,030
8
_
-
_
4
*
*
*
-
-
_
1
_
-
1
-
_
8
_
7
-
20
«
120
_
7
19
22
*
1
_
*
1
*
5
_
2
*
9
_
_
_
_
*
*
1
_
4
*
3
2
6
7
152
51
*
11
4
30
40
3
68
*
_
-1
-
3
107
_
Total
gross
obliga
tions
incurred
2
*
*
1
197
82
80
23
22
_
Obliga Un
tions in vouch
curred
ered
abroad
*
*
*
3
4
1
*
*
5
_
_
_
*
25
Justice Department.................................
.Acquisition of
capital assets
Contractual services and supplies
Personnel services & benefits
1
_
_
_
*
_
_
_
186
22
-
550
_
8
11,631
282
2,862
148
568
2,220
34
2,112
10,314
441
61
_
_
227
_
_
7
_
_
546
1,690
7
_
_
20
*
_
-1
#
_
_
8
_
_
-
171
183
879
1,478
2,422
96
-11
598
16
42,174
29
&
Off-budget Federal agencies
Rural Electrification Administratioi
revolving funds..................................
Pension Benefit Guarantee
Corporation.......................... ..............
Total Off-budget Federal
1,078
-
4
4
174
38
*
9
13
-3
6
-
-
3
2
-
-
-
-
1,328
#
-
-
*
-
-
-
-
-
-
-
132
-
-
-
-
-
-
-
132
-
*
-
*
*
*
-
*
-
-
2
*
9
l
1,078
-
*
1
4
174
39
Source: Reports on Obligations, Standard Ibrms 225, from agencies.
Note: Agency sh ifts are shown in this table beginning with the periods of such sh ifts. The amounts for the com
plete fisc a l year are adjusted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government except
4
13
2/
5/
*
-
-
-
132
6
2
-3
3
1,463
“
for the Department of Defense and Transportation Department, U.S. Coast Guard.
includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
Rural electrifica tio n andtelephone revolving fund and Rural Telephone pgpy- since May 12, 1973,
and Postal Service since July 1, 1973.
Less than $500,000.
CJ3
§•
8*
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
(In millions of dollars)
Fiscal year 1976
National defense:
Personal services and benefits:
Personnel compensation.........
Personnel benefits............
Benefits for former personnel....
Contractual services and supplies:
Travel and transportation of persons
Transportation of things........
Rent, communications, and utilities.
Printing and reproduction.......
Other services...............
Supplies and materials.........
Acquisition of capital assets:
Equipment...................
Lands and structures...........
Investments and loans ..........
Grants and fixed charges:
Grants, subsidies, and contributions
Insurance claims and indemnities
Interest and dividends.........
Refunds.................... .
Other:
Undistributed U.S. obligations...
Obligations incurred abroad.......
Unvouchered................. .
Total national defense......... .
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............
Investment and loans............
Grants and fixed charges:
Grants, subsidies and contributions.,
Insurance claims and indemnities...
Interest and dividends........ .
Refunds............. ........
Other:
Undistributed U.S. obligations....
Obligations incurred abroad....
Unvouchered..............
Total non-defense..............
Grand total...................
Less than $500,000.
r Revised.
FT 1977
1 *:q .
Object class
Sept.
Oct.
Comparable
period
FY 1976
2,373
274
647
3,127
324
658
2,834
295
701
2,463
192
-86
126
91
137
2
1,502
1,383
1,012
100
34
164
79
-4
2,437
1,933
1,234
322
*
88
131
179
5
3,686
1,753
1,534
289
*
56
132
115
7
2,108
1,247
1,199
112
*
5
12
9
13
7
8
1
11
4
3
10
89
1
17
May
June
July
2,806
265
709
2,392
189
565
4,559
816
434
2,613
303
648
73
120
134
7
2,423
1,427
81
138
163
10
1,711
1,540
18
294
118
9
1,035
1,270
186
-14
165
22
2,343
1,919
83
120
156
5
2,231
1,417
1,206
150
1,586
361
1,171
191
842
203
2,211
722
1,310
140
*
7
10
4
20
2
134
-4
21
4
-128
10
6
5
20
4
5
5
3
-3
-7
5
-5
5
68
7
12
4
9
54^
7
6,341
1
551
9
10,244
*
385
7
7,949
1
476
7
10,006
2
613
9
9,441
-6
642
7
7,538
8
-2,203
9
11,250
4
627
7
9,696
1,260
19
-800
1,393
19
372
1,682
-32
21
1,551
13
228
1,521
4
130
1,483
1
-1,344
1,634
6
3,550
1,586
7
181
1,593
-16
82
144
1,315
422
68
33
100
29
954
417
65
33
128
35
703
350
64
44
118
42
1,353
441
62
-7
100
29
609
315
89
108
116
13
69
43
46
Oct.
Nov.
Bee.
Jan.
Feb.
Mar.
2,463
192
-86
2,094
212
1,200
2,104
194
602
2,673
763
603
2,204
254
604
2,355
235
910
56
132
115
7
2,108
1,247
91
196
281
17
1,694
2,087
-16
1
2
-1
897
958
130
273
158
6
1,690
2,055
49
148
115
6
1,397
1,271
1,199
112
*
828
16
*
925
172
1,170
119
10
89
1
17
12
28
3
4
3
-80
11
9
-3
569
8
8,237
-3
502
8
9,270
964
9
249
1,754
15
1,246
Apr.
S
;a
110
li
183
-2
1,638
995
51
6
128
-23
483
877
-88
164
1,144
373
192
704
110
29
358
121
178
2,019
97
440
843
904
6
817
-37
106
1,470
4,592
9,196
2,415
107
5,871
9,300
2,586
102
17,902
8,625
2,408
-29
6,488
11,327
2,827
296
4,002
13,357
2,556
135
4,502
23,217
2,728
111
-87
57
8
19,745
27,982
385
249
11
25,774
35,044
-2,705
71
10
28,782
35,123
-86
50
10
27,003
37,246
-308
27
8
24,429
32,378
322
75
7
35,793
45/799
Aug.
9
-•*
358
8
8,038
767
-5
-122
8
10,226
-1
550
. 7 ....
12,070
-3
56l
8,237
1,683
21
50
1,493
14
213
964
9
249
79
24
153
48
1,436
442
266
343
1,474
57
38
139
27
1,331
1,141
82
380
793
39
14
110
9
633
210
-88
164
1,144
m
I'M
59
33
121
42
972
559
76
260
1,073
469
672
4,111
78
264
1,351
136
114r
1,340
12,589
12,145
2,621
no
5,911
10,767
2,460
102
16,787
1,037
2,369
109
20,205
11,626
3,069
116
16,179? 16,006
12,106 23,725
2,361 10,240
84
135
10,362
11,477
2,418
93
4,592
9,196
2,415
107
595
59
12
33,390
-1,332
263
9
20,838
^,377
623
25
-1
35,005
4b,255
13
71
8
41yl83
50,879
104
277
178
46
8
8
36,798' 56.414
44,836 66,640
-10
47
9
-87
57
8
30,105
42,174
19.745
27,982
vo
^1
^s|
16
Treasury Bulletin
.ACCOUNT OF THE U.S. TREASURY.
Source and Availability of the Balance in the Account of the U.S. T reasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury’s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
The tax and loan account system permits the Treasury to
loan accpunts with thousands of commercial banks throughout
leave funds in banks and in the communities in which they arise
the country.
until such time as the Treasury needs the funds for its opera
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay
effect of its fluctuating operations on bank reserves and the
In this way the Treasury is able to neutralize the
ments and funds for the purchase of Government securities.
economy.
A detailed description of the Treasury’s depositary system
In most cases the transaction involves merely the transfer of
money from a customer’s account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(In millions of dollars)
End of
fiscal year
or month
Treasury operating balance 1/
Available funds in
demand accounts at:
Special
Total
Federal depositaries, Other
Reserve Treasury tax deposi 2 /
taries 2/
and loan
banks
accounts
Funds in process
of collection
through:
Federal
Reserve
banks
Other
deposi
taries 4/
Time deposits
and other
Other
interestdemand
bearing
accounts
demand
SJ
accounts
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,975
13,299
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,475
2,854
4,119
139
106
88
343
7
-
5,298
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
352
393
355
419
252
243
276
369
235
184
179
117
135
76
55
-18
190
158
218
187
54
41
19
35
70
195
7,145
9,808
6,746
June....... 11,975
July....... 8,741
Aug....... 10,794
Sept....... 13,299
Oct....... 10,239
Nov.......
6,766
Defe....... 10,393
1977-Jan....... 11,397
Feb....... 12,179
lifer.......
7,149
Apr....... 13,628
864
1,723
1,407
2,854
1,314
907
4,119
1,799
1,891
1,277
1,292
2,420
1,874
4,135
7
7
7
7
-
8,016
11,537
8,159
14,836
10,054
11,702
17,418
12,038
8,657
11,670
|12,688
14,599
|
! 9,023
17,763
147
450
163
235
135
118
184
168
218
70
214
211
205
489
56
152
56
55
-8
-14
-18
-18
-36
-34
-18
-15
-97
67
-296
-298
40
70
74
79
90
93
92
90
89
103
126
125
'1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
T.Q...........
1976-Mar.......
1976-Apr.......
-
■*
_
_
127
127
105 6/
1,188 £/
227
727
1,227
227
225
325
Coin
currency
and coinage
metal
Miscel
laneous
items
Gold
balance
768
553
277
441
471
586
602
752
819
818
86
104
121
108
129
70
54
46
50
-
111
112
111
109
107
107
106
_
_
-
878
879
852
819
787
741
818
767
784
760
796
808
746
729
^
33
83
46
50
-3
-2
*
*
1
4
4
4
1
*
U
Balance in
account of
the U.S.
Treasury
6,694
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
8,834
12,803
9,316
16,065
11,167
12,751
18,597
14,237
9,944
13,288
15,002
15,937
10,229
19,499
_
_
_
_
_
_
_
_
_
j—
Source: Bureau of Government Financial Operations.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
ZJ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2/ Will not agree with Daily Treasury Statement due to rounding.
4/ Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
_
.. _
until checks are collected. Data prior to January 1972 included in
"miscellaneous items" column.
*>/ Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ Includes monetary assets in transit between Federal Reserve banks and
other depositaries.
2/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
* Less than $500,000.
17
May 1977
.ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
"Proceeds from sales of securities 1 /
Fiscal year
Savings
or month
bonds
and
savings
notes 2/
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q...
1976-Mar..
1976-A.pr•.
May..
June.
July.
Aug...
Sept..
Oct...
Nov...
Dec...
1977-Jan...
Feb...
lifer...
Apr...
2,673
2,599
2,573
2,844
3,309
3,261
3,095
3,366
3.676
910
361
349
336
299
315
318
277
280
283
309
355
341
369
351
Retire
ment
Plan and
tax and
loss
bonds 2 /
Tax
antici
pation
securities
Other
9,538
10,408
13,043
6,954
6,443
4,413
8,255
1,514
9,576
5,417
3,640
12,421
9,369
6,158
817
1,383
During period
Withheld,
excise
and cor
poration 4/
Income (by
special
arrange
ment) y
Total
credits
With
drawals
End of
period
High
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
22*8,877
59,367
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
4,113
4,525
§,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
8',004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4.260
4.456
22,239
22,202
17,860
26,543
17,613
18,474
22,370
17,032
17,730
24,300
22,600
22,551
18,196
26,842
17,928
18,792
22,647
17^312
18,013
24,609
23,410
21,696
18,518
25,387
19,472
19,190
19,443
19,625
17,932
25,218
18,583
18,532
26.722
25,905
if '! ? !
18,924
17,740
im
im
868
1,723
1,401
2,856
1,312
914
4,118
l!805
1,886
1,277
1,291
2,424
1,878
4,139
3,233
2,69w
2,789
4.260
2,519
2,912
4.456
2^319
2,627
4,229
2,891
3,023
5,860
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. Govemiaent securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2 / United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2 / Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
Taxes eligible for credit consist of those deposited by taxpayers in
Average
1,029
709
894
846
1,737
800
520
7
67
287
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
457
1,410
1,058
1,501
1,793
1,200
1,469
2,066
1.519
lj534
1.519
1,402
1,406
1,475
1,940
?32
693
351
290
287
IS
300
335
305
371
6 \286
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 15, 1968
and FUTA taxes beginning April 1970.
5/ Under a special procedure begun m March 1951, authorization was given
during certain periods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
6/
Credits erroneously allowed in one Federal Reserve district.
18
Treasury Bulletin
ACCOUNT OF THE U S. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces
1967..........................
1968..........................
1969..........................
1970..........................
1971..........................
1972..........................
1973..........................
1974..........................
1975..........................
1976-Apr......................
May......................
June.....................
July.....................
Aug......................
Sept.....................
Oct......................
Nov.......................
Dec.......... ............
Feb......................
Mar......................
Apr......................
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
• 273,954,660.5
275,968,413.1
274,705,260.3
274,699,560.6
274,697,206.6
274,695,995.8
274,695,995.7
274,696,062.3
274,685,167.8
274,685,167.8
274,679,167.8
274,679,167.8
276,112,683.9
275,932,372.6
275,600,972.4
275,599,358.6
Source: Daily Treasury Statement through June 1974; Bureau of Government
Financial Operations thereafter.
1/ Treasury gold stock which excludes gold held by the Exchange Stabili
zation Fund (ESF). See "International Financial Statistics,” Table
IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968,when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
Balance of gold in
U.S. Treasury account
Dollars
11,982
10,367
10,367
10,732
10,132
10,410 2/
11,567 J/
11,652
11,599
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,658
11,650
11,636
11,636
11,870
10,256
10,256
10,623
10,019
10,303
11,460
11,652
11,599
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,658
11,650
11,636
11,636
112
111
112
109
113
107
107
_
_
-
_
_
_
_
-
1968, and gold reserve against U.S. notes until March 18, 1968,when
it was transferred to the public debt also pursuant to P.L. 90-269.
2/ Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million. Gold assets were valued at $38 per fine troy ounce un
til October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
May
2 9 7 7
19
.MONETARY STATISTICS.
Table MS-1. - Currency and Coin in Circulation
(In millions of dollars except per capita figures)
End of
fiscal year
or month
Currencies no longer issued
Federal
Reserve
bank
notes
National
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
Currencies presently
being issued 1/
Federal
Reserve
notes 2 /
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes y
Total
currencies
1968...
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q....
59
57
55
54
53
52
51
50
50
49
21
20
20
20
20
20
20
20
20
20
4
4
4
4
4
4
3
3
3
3
225
223
220
218
215
213
212
211
210
209
299"
294
297
321
320
320
321
322
322
322
41,722
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
42,331
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79.634
80,201
1975-Mar.
1975-Dec.
50
50
20
20
3
3
211
210
322
322
69,115
76,981
69,722
77,588
1976-Mar.
Apr.
May.
June,
July,
Aug.,
Sept,
Oct.,
Nov.,
Dec..
1977-Jan..
Feb..
Mar..
50
50
50
50
49
49
49
49
49
4-9
49
49
49
20
20
20
20
20
20
20
20
20
20
20
20
20
3
3
3
3
3
3
3
3
3
3
3
3
3
210
210
210
210
209
209
209
209
209
209
209
209
209
322
322
322
322
322
322
322
322
322
320
320
319
319
75,854
76,758
77,882
79,028
79,069
79,571
79,597
80,313
82,954
83,631
81,093
81,612
83,236
76,459
77,364
78,487
79.634
79,673
80,175
80,201
80,916
83,557
84,234
81,695
82,213
83,836
Coin
End of
fiscal year
or month
Total Currency
and Coin in
circula
tion £/
Fractional
coin
Currency and Coin in
circulation
per capita
(in dollars) 6/
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
*.Q...
482
482
482
482
633
705
765
816
9a
951
4,827
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
5,309
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9.244
9.348
47,640
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877
89,548
224.55
250.65
265.39
282.03
297.84
322.11
348.44
380.06
413.17
415.37
1975-Mar,
1975-Dec
804
904
7,535
8,056
8,339
8,960
78,061
86.547
366.26
403.60
8,114
8,187
8,235
8,303
8,331
8,372
8,397
8,422
8,487
8,518
8,500
8,512
8,574
9,038
9,118
9,170
9.244
9,275
9,320
9.348
9,377
9,446
9.483
9,470
9.484
9,547
1976-Mar.
Apr.
May.
June
July,
Aug.
Sept,
Oct.,
Nov.,
Dec.,
1977,-Jan..
Feb..
Mar..
923
930
935
941
944
948
951
955
959
966
970
972
973
Source: Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to Januaiy 30, 1934.
y
Issued prior to July 1, 1929.
y Issued on and after July 1, 1929.
85,498
86,481
87,657
88,877
88,948
89,494
89.548
90,293
93,003
93,717 2/
91,164
91,697
93,383
398.12r
402.30
40/.72
413.17
413.19
415.40
415.34
418.52
430.83
433.84r
421.82r
424.06r
431.62,_
5/ Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
2/ Highest amount to date.
* Less than $500,000.
r
Revised.
20
Treasury Bulletin
•FEDERAL DEBT.
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Total 1/
Securities held by:
Public
debt
securi
ties 1/
Agency
securi
ties
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
369,769
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,285
645,748
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
1975-Mar...........
1975-Dec..........
1976-Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept.........
520,687
587,584'
611,451r
612,843
621,533
631,285
635,260
644,394
645,748
449,276
656,282
664,794
664,852
674,280
680,141
509,659
576,649
600,490
601,973
610,672
620,432
624,546
633,328
634,701
637,603
644,639
653,543
653,907
663,348
669,207
11,028
10,935
10,96lr
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
10,934
Nov..........
Dec..........
1977-Jan..........
Feb...........
Mar..........
Government accounts
‘
The public 2/
Total
Public
debt
securi
ties
Agency
securi
ties
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
76,138
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
3,001
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
1,947
290,629
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
497,696
Public
debt
securi
ties
269,231
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
140,403
141,300
141,026
141,080
145,660
151,566
149,576
149,977
143,052
146,563
146,831
149,037
145,937
146,247
146,758
138,458
139,343
139,067
139,122
143,704
149,611
147,626
143,028
146,105
144,617
144,391
147,098
144,131
144,437
144,949
1,944
1,956
1,'959
1,958
1,956
1,955
1,950
1,949
1,947
1,946
1,940
1,938
1,806
1,810
1,809
380,284
446,284
475,425r
471,763
475,872
479,719
435,683
494,417
497,696
502,713
509,451
515,757
518,914
528,033
533,383
371,201
437 305
461,423
462,851
466,968
470,821
476,920
435,300
438,596
492,986
499,748
506,445
509,775
518,911
524,258
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
Total
Agency
securi
ties
21,398
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,898
9,100
9,083
8,979
cn
no*»
KJLhcT
8,912
8,904
8,898
ft n i l
0,704
q n*7
q
nU
nU
7,iJ.
9 726
9,703
9*312
9 139
9^122
9,124
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks.
r Revised
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
End of
fiscal year
or month
Total
interestbearing
public
debt 1 /
Computed
annual
interest
charge 2J
(Dollar amounts in millions)
Computed annual interest rate
Marketable issues
Bills
Certifi
Federal
Notes
Total
cates
treasury 2 / Financing
Bank
4.757
5 .7 1 1
6.508
5.232
5.668
5.986
6.420
7.340
5.210
4.516
6.519
4.188
6.312
5.099
6.129
6.591
6.412
7.030
8.416
6.529
7.058
6.253
6.533
7.352
5.819
6.559
7.356
5.784
6.591
-
i'SS?.. . . . . .............................
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
1 <■ .............
544,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
i5,4U4
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,t>oj>
Total
interestbearing
public
debt 1/
4.499
4.391
5.557
5.141
5.093
5.372
6.560
6.352
6.436
6.478
1976-Mar.........
599,224
38,081
6.415
6.568
5.935
1976-Apr.............................
May.............................
June.........
July...........................
Aug.............................
Sept...........................
Oct.........
Nov.............................
Dec.............................
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
662,320
668,216
668,509
38,081
38,601
39,494
39,828
40,578
40,683
40,730
41,212
40,845
40,687
41,201
a, 829
41,324
6.382
6.407
6.436
6.445
6.474
6.478
6.469
6.457
6.312
6.281
6.269
6.308
6.304
6.518
6.551
6.559
6.555
6.589
6.591
6.572
6.532
6.418
6.374
6.338
6.322
6.315
5.792
5.796
5.819
5.770
5.754
5.784
5.724
5.629
5.387
5.276
5.211
5.167
5.132
Feb.............................
Mar........................... ..
Apr....... .
Source: Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
end of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.The average annual rate is computed
by dividing the computed annual interest charge for the toxdl, or lor
any group of issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based on
-
-
-
-
_
_
-
-
Treasury
bonds
Other l j
ptable
Government
account
series j>/
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
5.876
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.48'/
4.133
4.555
5.235
5.375
5.475
5.880
6.430
7.323
5.586
5.126
6.708
7.324
7.377
7.352
7.350
7.337
7.356
7.359
7.326
7.279
7.265
7.211
7.196
7*193
5.591
5.649
5.654
5.677
5.799
5.811
5.814
5.867
5.872
5.877
5.930
5.935
5.938
5.432
5.444
5.452
5.472
5.459
5.437
5.554
5.679
5.551
5.543
5.552
5.581
5.579
6.702
6.700
6.789
6.841
6.880
6.871
6.858
6.832
6.565
6.564
6.618
6.856
6.859
3 .6 8 1
6.789
6.871
the rate of effective yield for issues sold at premium or discount.
Prior to that date -it was based on the coupon rate for all issues.
1/ As of July 1974, includes Federal FinanclngBank.
g / Excludes Federal Financing Bank.
2 / Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest' rate.
l j On United States savings bonds the rate to maturity is applied
against the amount outstanding.
j>/ As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.,
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts pre
viously shown as special issues.
M a y 1977
21
,FEDERAL D EBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Marketable
End of
fiscal year
or month
Total
interestbearing
public
debt
im r . . : :
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6 .
T.Q....
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
1976-Mar.,
1976-Apr.,
May.,
June,
July,
Aug..
Sept,
Oct..
Nov..
Dec..
1977-Jan..
Feb..
Mar..
Apr..
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
662,320
668,216
668,509
Bills
1/
2267592
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
385,296
386,444
388,021
392,581
397,719
404,314
407,663
408,590
415,399
421,276
423,995
431,607
435,379
434,065
Nonmarketable
Certifi Treasury Treasury
cates
notes
bonds
U.S.
savings
bonds
Invest
ment
series
Depos
itary
series
64,440
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161,505
~7T,T)73~" 91,079
78,946
78,805
62,956
93,489
104,807
53,989
49,135
113.419
117,840
45,071
33,137
128.419
150,257
36,779
191,758
39,626
206,319
39,839
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
"SC^EF
51,711
51,281
53,003
55.921
59,418
61.921
65,482
69,733
70,752
2,516
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
30
28
25
23
22
19
16
16
9
9
163,140
161,764
161,840
161,198
161,399
161,433
161,505
161,545
161,711
163,992
164,005
164,175
164,264
161,977
183,143
185.757
186.473
191.758
197,204
202,979
206,319
207,275
212,986
216,669
219.474
225,856
229,625
230,655
39,014
38,922
39,708
39,626
39,115
39,902
39,839
39,769
40,702
40,615
40,516
41,576
41,490
41,433
213,928
214,484
220,056
226,673
225,861
227,977
225,897
226,472
228,243
231,181
228,985
230,714
232,837
234,444
68,567
68,968
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
72,234
72,640
73,037
73,457
2,264
2.263
2.263
2.263
2,262
2,262
2,262
2,262
2,262
2,262
2,262
2,262
2,248
2,248
10
9
9
9
9
9
9
9
9
8
8
8
9
9
Source: MDnthly Statement of the Public Debt of the United States.
1/ As of July 1974, includes Federal Financing Bank.
2 / Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September I964, sold to
foreign governments for U.S. dollars.
2 / Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962- April 1967; and
U
*
Foreign government
series
Govern
ment
Foreign
Dollar
currency account
series
denomi denomi
nated 2J nated 2 / U
2,001 "17740' “ 59,526
1,703
2,367
66,790
1,366
3,389
76,323
7,606
1,664
82,784
2,072
89,598
16,913
26,781
101,738
1,743
23,412
1.599
115,442
21,617
1.599
124,173
19,901
1.599
130,557
1.599
19,215
128,640
20,070
20,013
19,916
19,901
19,758
19,368
19,215
20,691
20,908
20,753
20,689
20,575
20,617
20,469
119,438
119,453
124,570
130,557
128,912
130,591
128,640
127,162
127,405
129,744
126,810
127,770
128,192
128,992
1.599
1.599
1.599
1.599
1.599
1.599
1.599
1.599
1,579
1,546
1,520
1,494
1,461
1,434
Other
28S"
564
1,656
3,389
1,322
1,407
2,002
1,361
2,611
3,419
1,980
2,177
2,305
2,611
2,893
3,069
3,419
3,635
4,573
5,014
5,461
5,965
7,272
7,835
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
As of the July 31, 1974, MDnthly Statement of the Public Debt of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Less than $500,000.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
privately
held
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
159,671
156,008
157,910
161,863
165,978
167,869
164,862
210,382
279,782
294,595
181,000
197,731
66,746
69,311
76,443
74,803
79,509
84,041
87,150
115,677
150,296
153,302
100,298
108,508
52,295
50,182
57,035
58,557
57,157
54,139
50,103
65,852
90,578
94,845
54,206
61,203
21,850
18,078
8,286
14,503
16,033
16,385
14,197
15,385
24,169
31,247
13,512
14,772
276,434
275,520
278,929
279,782
289,044
293,627
294,595
296,211
307,309
307,820
313,497
319,982
323,604
154,258
153,441
153,464
150,294
156,595
153,304
153,302
155,179
158,422
157,453
162,633
165,942
166,427
86,214
86,198
86,242
90,578
91,042
93,396
94,845
91,795
101,684
103,742
101,626
106,685
109,983
21,538
21,597
24,336
24,169
26,694
31,523
31,247
33,922
31,349
31,017
33,688
31,204
31,155
1974-Dec...........
1975-Mar...........
1976-Mar...........
Apr...........
May...........
June..........
July..........
Aug...........
Sept..........
Oct...........
Nov...........
1977-Jan...........
Feb...........
Within
1 year
1-5
years
Source: Office of Government Financing in the Office of the Secretary.
1/ Beginning with the September 1976 Treasury Bulletin the average length
5-10
years
Average length 1/
10 - 20
years
20 years
and over
6,110
6,097
7,876
6,357
6,358
8,741
9,930
8,857
8,087
7,939
12,670
12,337
8,272
7,645
6,922
4,564
3,481
4,611
6,652
7,262
8,709
9,168
4,274
4,079
4 yrs. 5 mos.
4 yrs. 2 mos.
3 yrs. 8 mos.
3 yrs. 6 mos.
3 yrs. 3 mos.
3 yrs. 1 mo.
2 yrs. 11 mos.
2 yrs. 8 mos.
2 yrs. 7 mos.
2yrs.
9 mos.
2 yrs. 9 mos.
2 yrs. 8 mos.
8,350
8,242
8,172
8,087
8,059
7,986
7,939
7,897
7,511
7,399
7,342
7,291
7,336
6,074
6,042
6,716
6,654
6,654
7,418
7,262
7,419
8,345
8,209
8,208
8,860
8,803
2 yrs. 5 mos.
2 yrs. 5 mos.
2 yrs. 7 mos.
2 yrs. 7 mos.
2 yrs. 6 mos.
2 yrs. 10 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
2 yrs. 10 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
of the interest-bearing marketable public debt is computed cm that
part of the outstanding public debt privately held.
Treasury Bulletin
22
_________FEDERAL DEBT___________
Table FD-5. - Government Account Series
(In millions of dollars)
Airport and
Airway
trust fund
Exchange
Stabilizatioi
Fund
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability
insurance
trust fund
722
174
120
74
156
274
263
436
1,367
2,692
3,429
15,668
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,3$3
39,607
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
2*352
2,327
2,671
2,052
2,770
3,562
3,429
34,907
34,635
34,361
40,383
40,095
39,928
39,,607
39,278
39,077
40,073
39,850
39,618
39,342
38,997
6*598
6,602
6,519
6,616
6,362
6,210
6,!38
5,758
5,410
5,437
5,254
5,013
4,910
4,881
End of
fiscal year
or month
Total
1968.........
1969.......... .
1970......... .
1971...........
1972......... .
1973..........
1974.........
1975..........
1976.........
T.Q.......... .
59,526
66,790
76,323
82,784
89,559
101,738
115,442
124,173
130,557
128,640
878
1,936
2,529
2,712
1,242
1,424
2,934
2,364
' 1,451
1,512
1,529
119,438
1976-Mar...... .
1976_Apr...... .
119,453
May...... .
124,570
130,557
June.....
128,912
July.....
130,591
Aug...... .
128,640
Sept...... .
127,162
Oct...... .
Nov.... ... i 127,405
Dec.......
129,744
126,810
1977-Jan...... .
127,770
Feb...... .
128,192
Mar
128,992
2,338
2,382
2,400
2,529
2,588
2,649
2,712
2,779
2,850
2,966
3,005
3,068
3,129
3,376
1,501
1,503
1,507
1,512
1,518
1,522
1,529
1,534
1,601
2,050
2,049
1,993
1*978
2,130
3,559
3,657
4,153
4,171
4,189
_
_
-
m
Federal
Federal Home
Energy
Administratior Loan Banks
_
_
-
*
National
service life Postal
service fund
insurance
fund
-
1,712
1,704
1,717
1,715
1,712
1,738
-
_
-
-
-
-
~
Government
life insur
ance fund
Highway
trust fund
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
T.Q...........
281
358
13
257
478
700
531
1,378
1,230
1,244
36
73
80
89
139
81
129
907
1,593
1,885
876
842
797
758
717
690
651
604
569
560
978
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
5,856
5,754
5,915
6,068
6,115
6,427
6,605
6,716
6,931
6,956
963
820
385
53
277
771
3,303
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715'
1976-Mar......
1976-Apr........
May..........
June...
July......
Aug.......
Sept......
1,381
1,345
1,290
1,230
1,328
1,424
1,244
1,324
1,397
1,848
1,854
1,957
2,006
2,017
1,491
1,510
1,571
1,593
1,635
1,873
1,885
1,898
2,009
2,039
2,076
2,184
2,201
2,219
568
564
560
569
567
563
560
556
552
562
558
553
547
529
8,717
8,767
8,951
9,030
9,065
8,944
8,952
8,824
8,731
8,885
9,055
9,207
9,380
9,510
6,749
6,748
6,747
6,931
6,943
6,956
6,956
6,963
6,968
7,162
7,223
7,213
7,190
7,043
584
300
588
277
561
359
771
2,288
2,118
2,296
2,063
1,908
2,190
2,259
2,362
2,184
2,074
3,375
3,081
3,044
2,715
2,522
2,743
2,682
2,469
2,489
2,325
2,022
Nov......
1977-Jan......
Feb......
Mar.........
Source: Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1974 title of this table was "Special Public Debt
Issues".
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen1s group life insurance fund from August 1969-January
1973; employees health benefits fundbeginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
-
-
-
Federal Sav
ings and Loan
Insurance
Corporation
-
.
”
FederalSupp.
medical ins.
trust fund
_
-
*
End of
fiscal year
or month
-
152
52
199
44
62
*■
Railroad
retirement
accounts
Treasury
deposit
funds
_
-
836
790
780
904
879
880
790
808
805
780
787
739
816
783
743
715
726
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
1,259
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
19,221
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
10,525
10,552
10,429
10,892
10,656
10,643
10,959
10,566
10,276
10,6a
10,378
10,370
11,216
11,035
32,232
32,929
34,800
33,891
32,639
33,988
32,978
31,184
31,014
31,270
30,145
30,180
30,430
31,271
Unemployment
trust fund
Other
1/
8,807
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345*
302
414
484
585
655
1,199
2,127
2,470
4,332
5,076
530
511
3,231
2,203
1,948
3,011
2,345
2,313
2,878
2,171
1,245
1,438
771
1,231
3,992
3,998
4,276
4,332
4,608
5,108
5,076
5,134
5,382
5,283
5,143
5,682
m
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NOAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HOD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessments fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund, HEW; U.S. Naval
Academy Gift Fund; U.S. Naval Academy Museum Fund; War Risk Revolv
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman memorial schol
arship fund; Special Investment Account.
* Less than $500,000.
May 1977
23
________________________ FEDERAL mawT.
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
1968................
1969................
1970................
1971................
1972................
1973................
1974................
1975................
1976................
T.Q................
1975-Mar.............
1975-DPf*.............
1976-Mar............
\prr.............
June............
July............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
1977-Jan.............
Feb.............
Mar.............
Total
amount
outstanding Family housing
1/
and homeowners
assistance
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
11,028
10.935
10,961r
10,8^0
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
10,934
1,951
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1,136
1,302
1.220
1,194
1,184
1,176
1,171
1,164
1,152
1,136
1,128
1,117
1,113
1,095
1,086
1,077
Housing and Urban Development Department
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
""348
577
517
487
454
412
408
487
581
578
475
564
587
586
584
581
584
582
578
589
585
575
579
581
592
Federal
National
Mortgage
Assoc. 2J
Secondary
market
operations
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
5,887
_
4,280
4.200
4,200
4,180
4,180
4,180
4,145
4,145
4,145
4,145
4,145
4,120
3,845
3,845
3,845
_
_
_
_
_
_
_
_
_
_
_
_
1968................
1975-lifer.............
1975-Dec.............
1976-Mar.............
Apr.............
June............
Sept............
Oct..............
Nov.............
Dec.............
1977-Jan.............
Feb.............
Mar.............
Postal
Service
_
Tennessee
Valley
Authority
Farm Credit Administration
Export-Import
Bank of the
United States
_
_
_
_
_
-
Other independent
agencies - Continued
End of
fiscal year
or month
Other independent agencies
Bank for
cooperatives
Federal
intermedi
ate credit
banks 2 /
2/
2,571
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,593
2,960
1,230
_
_
_
_
_
_
_
-
3,779
2,593
2,625
2,653r
2,593
2,593
2,593
2,593
2,960
2,960
3,585
3,568
3,366
3,349
3,343
3,342
_
_
_
_
_
_
_
_
-
Federal
Home Loan
Bank Board
6
6
6
6
5
5
10
-
_
_
_
_
_
Memorandum - Interest-bearing
securities of non-Govemment agencies { J
Other
Janks for Federal home Federal
intermediate
jooperatives Loan banks
credit banks
y
y
_
2/
Federal
National
Mortgage
Association
2 /&
_
250
250
250
250
25.0
250
525
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1,975
3
3
3
3
3
3
3
2
2
2
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
4,702
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19,111
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
250
250
250
250
250
250
250
250
250
250
250
250
250
250
250
2,125
2,075
2,075
2,075
2,075
2,075
1,975
1,975
1,975
1,975
1,975
3,825
1,825
1,825
1,825
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3,463
3,655
3,808
3,917
3,343
3,694
3,745
3,919
3,901
4,023
4,207
4,330
4,425
4,695
4,899
22,615
20,950
19,960
19,964
19,360
19,390
19,352
19,163
19,111
19,172
18,856
18,861
19,055
18,444
18,483
9,254
9,557
9,931
9,078
10,298
10,595
10,687
10,791
10,712
10,669
10,494
10,631
10,556
10,670
Source: Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2 / Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-448).
2] Effective December 31, 1968, banks for cooperatives and Federal in
Federal
land
banks
8,810
District of
Columbia
Stadium
Fund
5,319
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
16,566
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
20
20
20
20
20
20
20
20
20
20
13,252
15,000
15,346
16,060
16,060
,16,060
16,566
16,566
16,566
17,124
17,127
17,127
17,304
17,304
17,304
28,232
29,963
30,021
30,147
29,804
29,863
29,845
30,429
30,685
30,656
30,413
30,565
30,394
30,143
30,392
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
U For details of securities outstanding, see Table TSO-5,
1/ Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
£/ Includes mortgage backed bonds beginning June 1970.
r Revised.
Treasury Bulletin
24
FEDERAL DEBT
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Agriculture
Department
End of
fiscal year
or month
Participation certificates issued by GNMA acting as trustee
Health, Education,
Farmers Home
and Welfare
Total
Administration 1/
Department 2/
Retire Out
Sales
Sales ments
standing
3,250
570
2,183
533
1,330
369
1,814
321
1,493
268
1,226
608
618
42
576
327
249
249
_
_
252
252
Retire Out
ments standing
Commodity Credit
Corporation
Sales
_
1968.............
_
1969..............
1970............. . 2,181
1971............. .
1972............. .
_
1973..............
1974............. .
_
1975............. .
1976............. .
Retire Out
ments
standing
_
_
2,181
_
.
_
-
180
630
1,280
1,315
1,085
440
110
110
80
35
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,146
4,111
Retire Out
Sales ments
standing
525
1,125
1,166
225
184
401
765
80
685
168
517
24
493
493
492
492
492
-
-
249
-
-
4,286
-
-
492
-
-
198
_
_
-
_
-
252
252
252
252
252
252
252
252
252
252
252
252
252
252
_
-
25
20
35
25
226
-
4,166
4,166
4,146
4,146
4,416
4,111
4,111
4,111
4,H1
4,111
4,086
3,860
3,860
3,860
_
_
-
_
_
-
492
492
492
492
492
492
492
492
492
492
492
492
492
492
_
_
-
_
_
_
-
198
198
198
198
198
198
198
198
198
198
198
198
198
198
-
-
-
1975-Dec..........
1976-Mar..........
Apr..........
May..........
June.........
July.........
_
_
_
-
_
_
-
-
-
-
_
-
Participation certificates issued by GNMA acting as trustee - Continued
End of
fiscal year
or month
Housing and Urban Development Department
1%8.............. 1,140
640
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
_
1976..............
1975-Mar...........
1975- Dec..........
197b rMar..........
Apr..........
June.........
July.........
Aug..........
Sept.......
Oct..........
Nov..........
Dec..........
1977-Jan..........
Feb..........
Mar..........
Small Business
Administration 1 /
Government National .
Mortgage Association U
Out
Out
Retire Out
Retire standing
Retire standing
Sales ments
Sales ments
standing
ments
1,820
50
430
70
1,160
465
1,891
50
27
140
1,897
1,007
203
2,433
134
782
190
1,707
225
2,109
324
81
1,626
1,146
691
91
963
206
405
485
741
193
1,433
1,338
707
95
41
444
34
707
65
1,273
444
76
707
1,197
444
1,140
707
444
41
707
1,122
19
444
-
Veterans
Administration 6/
Office of Secretary 2 /
Sales
_
-
_
7
-
Retire Out
Sales ments
standing
100
206 ’
212
15
3
209
3
2
207
6
201
2
199
199
198
_
_
198
198
-
-
1975-Mar...........
Sept.........
Oct..........
Nov..........
Dec.........
1977-Jan..........
Feb..........
Mar..........
Export-Import Bank
of the United States
707
707
707
707
707
707
707
707
707
707
707
707
700
700
700
_
_
-
12
10
19
12
1,208
1,150
1,150
1,140
1,140
1,140
1,122
1,122
1,122
1,122
1,122
1,110
117
-
993
993
993
_
_
-
_
_
_
102
_
444
444
444
444
444
444
444
444
444
444
444
444
342
342
342
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act)
Retire Out
Sales Retire Out
Sales ments
standing
ments standing
590
4o
99
923
1,704
1,590
260
79
1,885
667
136
1,749
1,650
99
107
1,543
1,300
243
45
1,255
30
1,225
40
1,164
16
1,148
_
_
_
_
_
_
_
_
-
_
13
11
_
16
_
„
_
_
13
_
_
—
1,234
l',174
1,174
1,164
1,164
1,164
1,148
1,148
1,148
1,148
1,148
1,135
1,135
1,135
1,135
_
_
_
_
_
_
_
_
_
_
_
_
~
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
'
Source: Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2 / Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
2/ Includes College Housing, Housing for the Elderly, and Public Facility
programs.
4/ Includes Special Assistance, and Management and Liquidating programs.
_
_
j>/ Includes programs for Disaster Loans, and Business Loans and Invest. ments.
S' Includes Direct Loan and Loan Guaranty programs.
2/ In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
25
May 1977
_ _ _ _ _ _ _ _ FEDERAL DEBT _ _ _ _ _ _
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
Statutory
debt
limit
Interest-bearing debt
subject to limitation
Debt outstanding sub
ject to limitation
Total
Public debt
1/
Other debt
1/2/
Non-interest-bearing debt
subject to limitation
Public debt
Other debt
Public debt
1/
1968...............
1969...............
1970..............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
*358,000
377,000
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
350,743
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
635,822
344,716
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
6,028
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
$ ,m
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
315
530
437
389
453
343
380
443
566
529
1°76-Mar............
1976-Apr............
627,000
627,000
627,000
636,000
636,000
636,000
636,000
682,000
682,000
682,000
682,000
682,000
682,000
700,000
601,619
603,100
611,798
621,556
625,673
634,453
635,822
638,735
645,767
654,662
655,029
664,473
670,343
672,164
599,877
601,360
610,059
619,820
623,934
632,716
634,089
636,991
644,027
652,932
653,295
662,736
668,596
670,411
1,742
1,740
1,739
1,736
1,739
1,737
1,733
1,744
1,740
1,730
1,734
1,736
1,748
1,753
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,979
662,320
667,604
668,509
1,742
1,740
1,739
1,736
1,736
1,737
1,733
1,744
1,740
1,730
1,734
1,736
1,748
1,753
653
433
1,982
566
354
424
529
1,929
385
475
316
416
992
1,902
Aug............
Oct............
Nov............
Dec............
1977-Jan............
Feb............
lifer.....
Source: Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1975. For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
Other debt
1/
2,kj0y
825
825
825
825
825
825
“
_
_
1/ Adjusted to exclude notes to IMF and other international lending or
ganizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
26
Treasury Bulletin
.FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty bond Act (31
provides that
the face amount
authority of that Act,
U.S.C,
757b), as amended,
of obligations issued under
and the face amount
of obligation:-;
guaranteed as to principal and interest by the United states,
The Act of June 30, 1967
tions issued under section 302 (c)
shall not exceed
in the aggregate $400 billion outstanding
the fiscal year 1968
Public Law 94-334 provides that beginning
added to the amount
debt limit shall be temporarily
provides
of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
at any one time.
on April 1, 1977, and ending on September 30, 1977, the public
(Public Law 90-39)
that the face amount of beneficial interests and participa-
and outstanding
at any time shall be
otherwise taken into account in deter-
mining whether the requirements of the above provisions are
increased by $300 billion.
met.
Part A. - Status Under Limitation April 30, 1977
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding...................................................................................................................
Less amounts not subject to limit:
Treasury......................................................................................
Federal Financing B ank..................................................................................................................
Total public debt subject to l i m i t .......................................................................................................
Other debt subject to limit:
Guaranteed debt of Government agencies................................................................................................. .
Specified participation certificates.....................................................................................................
Total other debt subject to l imit....................................................................... .................................
$671,023
612
(*)
670,411
618
1,135
...... 1,753
Total debt subject to limit.................................................................................................................
672,164
Statutory debt limit............................................................................... .........................................
700.000
Balance of statutory debt l i m i t .............................................................................................................
27,836
Part B. - Application of Statutory Limitation April 30, 1977
(In millions of dollars)
Classifications
Interest-bearing debt:
Marketable:
Bills:
Treasury.............. .....................................................................
Notes:
Treasury.............................. .....................................................
Bonds:
Treasury......... ...........................................................................
Total marketable.... ........................................................... ....... .........
Nonmarketable:
Depositary series..... ....................................... *..................................
Foreign government series:
Dollar denominated........................................ ......................................
Foreign currency denominated............................................... .......................
Government account series................... .......................... ............................
Investment series................................................................................
R.E.A. series....... ......... ..................................................................
State and local government series....................................................................
United States individual retirement bonds..............................................................
United States retirement plan bonds...................................................................
United States savings bonds.............................. ..........................................
United States savings notes.........................................................................
Total nonmarketable...............................................................................
Total interest-bearing debt...........................................................................
Non-interest-bearing debt:
Matured debt..................................................................................... .
Other......... ............... ........................................ ...................... .
Total non-interest-bearing debt.......... ....... ............................................... ......
Total public debt outstanding............ ................ ........ ......................... ..........
Source:
MDnthly Statement of the Public Debt of the United States.
* $500 thousand or less.
Amount outstanding
$161,977
230,655
41,433
434,065
9
20,469
1,434
128,992
2,248
12
7,264
21
137
73,457
401
234,444
668,509
1,783
..... 730
2,514
671,023
May 1977
27
„FEDERAL DEBT.
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agency
fiscal year
or month
Total
for
Inter
national
Develop
ment 1/
Federal
Financing
Bank
Agriculture Department
Secretary:
Rural
Electri Farmers
fication Home
Adminis Adminis
tration
tration Programs
Federal
Commodity
Home Loan Credit
Bank Board Corpo
ration
V
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q. n
1976-Mar.
1976-Apr..
May..
June.
July.
Aug..,
Sept.,
Oct..,
Nov..,
Dec..,
1977-Jan.,
Feb.
Mar.,
Apr..
27,040
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53.091
57.374
53,600
638
544
512
451
416
374
327
233
' 53,282
54,086
53.091
55,680
56,366
57.374
56,074
56,861
59,232
60,702
60,407
61,742
61,808
602
13,466
22,413
25,884
21,706
22,036
22,736
22,413
24,149
25,052
25,884
26,136
26,524
28,811
29,848
30,328
31,312
30,822
1,247
1.534
l,49-i
1.534
1.534
1.534
1.534
1.491
1,491*
1.491
1.372
1.372
1,172
900
lyt>8............ .
1969............ .
1970.............
1971............ .
1972............ .
1973............ .
1974.............
1975.............
1976.............
I.Q..............
1976-Apr.........
May.........
June.........
July.........
Aug.........
Sept.........
Oct.........
Nov.........
Dec.........
1977-Jan.........
Feb.........
Mar.........
Govern
ment
National
Mortgage
Assn. £/
Other
y
Helium
fund
Office of the Secretary
Urban
College
renewal
Other
housing
fund
y
loans
y
11,989
12,115
12,262
11,977
11,501
10,864
8,608
5,046
2*840
3,556
2,497
4,770
5,045
5,328
5,746
6,051
6,563
6,963
7.409
7,512
7.409
7.409
1,454
1,583
1,416
1,391
1,606
1,610
2,545
1,482
1,717
1,867
1,682
362
720
1,586
783
1,743
1,888
2,457
207
11
73
63
1,366
950
1,400
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
400
400
600
800
800
800
800
800
800
800
800
170
220
260
352
333
351
414
455
124
149
120
2,573
2,676
2,840
3,002
3,315
3,556
2,393
2,949
3,505
3,983
4,071
4,288
4,725
7,447
7,471
7,512
7,536
7,569
7,409
7,453
7,489
7,514
7.609
7.609
7.609
7.609
1,682
1,682
1.717
1.717
1,792
1,867
1.892
1.892
1.892
1.892
1.892
1,922
1,922
143
126
11
54
11
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
800
800
800
800
800
800
800
800
800
800
800
800
800
120
122
124
129
145
149
158
161
163
170
170
176
199
Housing and Urban Development
Department— Continued
Interior
Department
End of
fiscal year
or month
Housing and Urban
Development Department
ExportInrport
Bank of
the
United
States
Transpor
tation
Dept.
Rural
Telephone
Bank
Ten
nessee
Valley
Author
ity
1,950
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5,907
6,999
io
15
10
223
665
1,641
2,462
3,677
4,666
4,878
4,463
94
no
140
207
251
252
252
252
251
252
251
49
132
191
201
172
100
100
100
100
100
100
100
150
150
150
150
6,900
6,688
6,124
6,608
5,998
5,907
5,452
5,345
5,134
5,173
5,181
5,200
5,198
4,463
4,666
4,666
4,838
4,838
4,878
4,878
4,878
4,878
4,964
4,964
5,008
5,008
251
251
251
251
251
252
252
252
252'
252
252
252
252
177
179
191
198
198
201
201
201
201
201
202
205
208
150
150
150
150
150
150
150
150
150
150
150
150
150
Saint
Lawrence
Seaway
Develop
ment
Corp.
129
133
133
130
127
123
121
120
118
118
118
118
118
118
118
118
118
117
117
116
116
116
116
116
181
94
7
7
32
66
160
Veterans
Adminis
tration:
Direct
loan
program
Under
Defense
Produc
tion
Act
of 1950
Other
y
U
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,854
2,032
1,996
2,010
2,010
2,014
2,015
y
y
y
-
_
_
_
_
-
f
24
38
43
43
43
63
43
44
98
97
94
346
346
98
97
97
97
97
96
97
97
97
97
97
Treasury Bulletin
28
.FEDERAL DEBT,
Footnotes to ^able FD-10.
Source: Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances "by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1975 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 354-357, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812815.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in ”Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2 / Includes securities transferred from the Reconstruction Finance
Corporation.
i j Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
jj/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals Explo- ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 19
74; Federal Railroad Administration, rail service assistance, begins
ning January 1976, and regional rail reorganization, April, 1976.
Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
29
May 1977
.PUBLIC DEBT OPERATIONS.
Table PDO-1. - M aturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding, April 30, 1977
(in millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
1/
Held ly2/Description
Total
1977
May.... 6-7/8$
9$
6-3/4$
June...... 6-1/2$
July.... 7-1/2$
Aug.... 7-3/4$
8-1/4$
Sept.... 8-3/8$
Oct.... 1-1/2$
7-1/2$
Nov..... 7-3/4$
6-5/8$
Dec.... 7-1/4$
1978
Jan.
Feb.
Mar.
Apr.
May.
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
6-3/8$
6-1/4$
8$
6-3/4$
1-1/2$
6-1/2$
7-1/8$
7-7/8$
7-1/8$
6-7/8$
6-7/8$
8-3/4$
7-5/8$
6-5/8$
6-1/4$
1-1/2$
5-7/8$
6$
5-3/4$
8-1/8$
5-1/4$
Total.
1979
Jan.... 5-7/8$
Feb.... 7$
5-7/8$
Mar..... 6$
Apr.... 1-1/2$
May.... 7-7/8$
June.... 7-3/4$
Aug............................... 6-1/4$
6-7/8$
Sept.... 8-1/2$
Oct.... 1-1/2$
Nov.... 6-5/8$
7$
6-1/4$
Dec....... 7-1/2$
1980
Feb.... 4$
6-1/2$
Mar.... 7-1/2$
Apr.... 1-1/2$
6-7/8$
June.... 7-5/8$
Aug.... 9$
Sept...... 6-7/8$
Oct.... 1-1/2$
Nov.... 3-1/2$
Dec.... 5-7/8$
Total
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
-
_
_
-
-
Note
Note
Note
Note
Note
Note
Note
Note
Note
5/15/77-C
5/15/77-D
5/31/77-1
6/30/77-J
7/31/77-K
8/15/77-B
8/31/77-L
9/30/77-M
10/1/77-E0
10/31/77-N
11/15/77-E
11/30/77-Q
12/31/77-P
1/31/78-J
2/15/78-A
2/28/78-G
3/31/78-K
4/1/78-EA
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-C
8/15/78-E
8/31/78-Q
9/30/78-R
10/1/78-E0
10/31/78-S
11/15/78-B
II/3O/78-T
12/31/78-H
12/31/78-U
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
2,565
5,329
2,137
Bond
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
1/31/79-L
2/15/79-H
2/28/79-M
3/31/79-N
4/1/79-EA
5/15/79-D
_
6/30/79-E
8/15/79-A
8/15/79-J
9/30/79-F
10/1/79-E0
11/15/79-B
11/15/79-C
11/15/79-K
** 12/31/79-G
-
-
_
-
_
_
-
2/15/80
2/15/80-G
3/31/80-C
4/1/80-EA
5/15/80-A
6/30/80-D
8/15/80-B
9/30/80-E
10/1/80-E0
11/15/80
12/31/80-F
616
2,998
217
264
65
1,639
134
113
4,918
2,021
3,226
17
3,156
3,630
2,628
2,765
229
1,266
126
356
1,949
2,331
1,920
1,906
1,451
3,279
1,887
3,113
17
2,927
2,364
2,502
2,409
36,078
8,023
28,055
2,511
8,389
2,115
3,162
15
2,574
3,960
4,423
2,567
3,331
2,855
2,462
5,155
2,949
3,195
3
2,921
8,207
2,941
2,517
3,376
283
3,353
76
263
2,228
5,036
2,039
2,899
15
2,178
2,999
2,885
2,397
2,570
2,611
1,827
2,591
2,778
2,750
3
2.699
4,617
2.699
2,355
2,945
m
69,628
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
2,855
4,692
2,845
3,519
2
2,269
1,782
4,559
2,989
2,081
1
1,604
2,241
3,376
2,006
396
961
1,538
170
761
244
635
2,564
171
445
222
3,590
242
162
431
16,507
118
1,745
266
585
53,121
2,737
2,947
2,579
1,142
448
212
120
2,934
1,732
1,673
2,767
2,155
1,861
1
462
1,793
3,164
1,886
36,821
8,128
28,693
2,504
4,608
2,069
936
1,437
156
1,568
3,171
1,913
2
7,265
2,185
4,296
2,141
3
1,757
2,692
537
109
1,792
834
220
624
119
2
1,701
1,915
1,613
1,991
3
1,133
2,573
11,939
17,583
5,564
270
2,683
150
Source:
Monthly Statement of the Public Debt of the United States and
Office of Government Financing in the Office of the Secretary.
1/ For issue date of each security, see "Market Quotations on Treasury
Securities."
2/ Beginning with February 1969 Treasury Bulletin, the definition of
Amount of maturities
Year
and
month
of final
maturity
1/
1981
Feb..
Mar..
Apr..
May..
Aug..
Oct..
Nov..
Held by 2 / Description
7$
7-3/8$
6-7/8$
1-1/2$
7-3/8$
7$
7-5/8$
1-1/2$
7-3/4$
7$
Total..
Feb.... 6-3/8$
6-1/8$
Apr.... 1-1/2$
May.... 8$
7$
Aug.... 8-1/8$
Nov.... 7-7/8$
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
2/15/81-A
2/15/81-C 2/
3/31/81-H
4/1/81-EA
5/15/81-D
8/15/81
8/15/81-F
10/1/81-EQ:
11/15/81-B
11/15/81-G
Bond
Note
Note
Note
Note
Note
Note
-
1,842
4,796
2,809
•*
2,020
807
2,586
14
4,477
2,543
21,894
559
1,027
95
1,856
45
4,313
1,283
3,769
2,714
*
1,868
399
2,415
14
2,621
2,498
17,581
2/15/82
2/15/B2-D
2,702
2,697
1,061
23
1,641
2,674
4/1/82-EA
5/15/82-A
5/15/82-E
8/15/82-B
11/15/82-C
2,747
2,613
2,918
2,902
1,445
58
1,094
706
16,579
4,387
1,302
2,555
1,824
2,196
12,192
7,958
1,300
2,309
11,567
2,905
2,353
5,258
792
1,059
1,851
5,219
9,515
1,216
15,950
2,093
229
103
2,425
1,006
1,399
2,405
179
398
577
789
1,934
904
3,627
12,323
2,992
1,247
918
320
2,074
927
Total.
152
408
171
1983
Note
3-1/4$ Bond
Note
Nov... 7$
Total..
1984
Note
Feb...
A u g . .. 6-3/8$ Bond
!Total..
1985
May...
3-1/4$ Bond
3-1/4$ Bond
‘ot^l..
1986
M a y . ..
7-7/8$ Note
Aug...
8$
Note
Nov... 6-1/8$ Bond
Total..
1990
Feb...
3-1/2$ Bond
M a y . .. 8-1/4$ Bond
Total.....
1992
Aug...
4-1/4$ Bond
1993
Bond
Feb...
4$
6-3/4$ Bond
Aug.
7-1/2$ Bond
Total.....
199L
May.. 4-1/8$ Bond
1995
Feb.. 3$
Bond
1998
May.. 7$
Bond
Nov.. 3-1/2$ Bond
Total..
1999
May.. 8-1/2$
2000
Feb.. 7-7/8$ Bond
Aug.. 8-3/8$ Bond
Feb...
June..
2001
Aug..
2005
May.
2007
Feb.
2/15/83-A
6/15/78-83
11/15/83-B
2/15/84-A
8/15/84
5/15/85
11/15/775/1V85
5/15/86-A
8/15/86-B
11/15/86
2/15/90
5/15/90
5,865
1,071
2,206
9,142
1,899
954
2,853
6I3”
661
1.274
4,430
7,581
312
4,239
1,238
8/15/87-92
2,9
1,135
3,001
1,851
2/15/88-93
2/15/93
8/15/88-93
189
627
1,914
2,730
53
209
1,292
1,554
136
418
622
1,176
5/15/89-94
1,120
456
664
2/15/95
609
130
479
5/15/93-98
11/15/98
692
2,175
2,867
331
714
1,045
361
1,461
1,822
5/15/94-99
2,414
1,591
823
2/15/95-00
8/15/95-00
2,771
2,265
5,036
515
948
2,256
1,317
8/15/96-01
1,575
1,463
757
3,573
818
8-1/4$ Bond
5/15/00-05
2,221
1,265
956
7-5/8$ Bond
2/15/02-07
1,143
426
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
2/ Treasury Notes 7-3/8$ Series C-1981 and 7-3/8$ Series E-1981
consolidated effective Sept. 1, 1976.
* Less than $500,000.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS,
Table PDO-2. - Offerings of Bills
( Amounts in millions of dollars)
Description of new issue
Amount of bids accepted
Maturity
date
Issue date
Regular weekly:
(13-week and 26-week)
1977-Jan.
13
on
FsId
P-977-Apr.
July
h
Apr.
\
July
1
AP*.
{
July
J
Apr.
Y
July
J
May
{
Aug.
May
Aug.
May
Aug*
May
Aug.
June
Sept.
7
7
14
14
21
21
28
28
5
4
12
11
19
18
26
25
2
1
91
182
June
Sept.
June
Sept.
June
Sept.
June
Sept.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
9
8
16
15
23
22
30
29
7
6
14
13
21
20
28
27
1977-Apr.
May
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1978-Jan.
Feb.
Mar.
Apr.
{
f
\
17........... /
Y
f
t
r
t
Mar.
f
\
17
J
\
f
{
■31
pr.
52-week:
1976-Apr.
May.
June
f
(
J
t
1J
J
\
21
J
OA
J
{
1...........
[
July
Aug.
Sept,
Oct. 19...........
Nov.
Dec.
1977-Jan. 11...........
Feb. 8...........
Mar. 8...........
Apr.
Special:
1976-Dec. 10........... 1977-Apr.
Sfcprt-dated:
Apr.
Iy77-Apr. 6...........
Footnotes at end of table.
Number of
days to
maturity 1/
91
182
91
182
91
182
91
182
91
182
Amount of
bids
tendered
Total
Amount
On com
petitive
basis 2/
On noncom
petitive
basis 2 /
290.4
121.4
366.3
150.1
314.0
131.7
322.6
123.8
334.3r
129.8
308.1
131.2
370.4
767.4
301.8
129.2
336.2r
126.3r
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
4,220.6
5,408.8
4,639.1
6,377.4
4,749.7
7,799.4
4,952.8
7,255.6
4,670.7
6,980.9
5,217.7
5,849.9
4,624.0
7,046.2
4,670.3
7,555.1
5,080.4r
5,977.1r
4,199.8
5,857.7r
3,974.4
5,760.7
4,365.4
5,615.0
4,881.8r
6,845.1r
4,610.0
6,411.0
5,361.0
6,725.7
5,549.3
6,642.8
5,031.2
5,844.8
2,301.7
3,403.2r
2,110.0
3,102.5
2,106.3
3,103.9
2,303.4r
3,403.9r
2,503.8
3,502.8
2,402.4
3,503.1
2,402.0
3,406.1
2,302.9
3,299.8
2,216.2
3,381.5
2,045.8
3,350.9
2,088.6
3,371.4
2,184.3
3,472.6
2,268.2
3,574.4
2,395.1
3,568.1
2,134.9
2,8^6.0
2,307.5
3,475.3
2,16618
3,474.9
1,969.6
3,249.3
1,776.1
2,954.1
1,829.4
2,960.9
1,994.9
3,265.7
2,188.8
3,356.9
2,043.6
3,350.1
2,097.7
3,261.0
2,019.3
3,177.1
5
3
31
28
26
23
20
18
15
13
10
7
7
4
364
364
364
364
364
364
364
364
364
364
364
364
364
364
6,045.5
5,669.8
4,380.9
4,855.5
5,504.0
4,934.2
6,454.3
5,248.5
5,376.1
6,939.3
7,053.2
5,909.8
6,264.8
6,986.2
3,202.7
3,335.5
2,921.4
2,611.6
2,901.6
2,952.6
2,917.3
3,095.1
3,401.7
3,504.6
3,070.7
3,105.5
3,208.3
3,342.5
21
132
4,699.9
21
15
14,940.0
91
182
91
182
91
182
2,506.6
3,502.9
2,412.2
3,501.0
2,402.6
3,503.1
2,506.9
3,596.4
2,602.6
3,704.2
2,703.2
3,699.3
2,505.3
2,603.4
2,609.3
3,604.5
2,503.Or
3,601.2r
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
332.1
153.9
333.9
148.5
277.0
143.2
308.5r
138.2r
315.0
145.9
358.7
152.9
304.3
145.1
283.6
122.7
2,507.3
3,506.5
2,407.9
3^503.3
2,402.9r
3,501.5
2,503.8
3,606.3
2,604.6
3,698.6
2,603.9
3,802.7
2,500.7
3,603.5
2,602.0
3,602.1
2,507.5
3,602.1
2,305.7
3,405.4
2,104.2
3,102.5
2,110.4
3,104.6
2,306.9
3,404.1
2,506.6
3,506.1
2,412.2
3,508.3
2,402.6
7,907.4 U
2,506.9
3,501.3
31,467.2
90,492.0
31,471.5
90,489.6
31,471.2
90,491.2
31,474.2
90.481.4
31,472.1
90,487.0
31,571.4
90,383.6
31,576.0
90,383.5
31.583.2r
90,385.9
31,578.8r
90,385.Or
31,574.7r
90,382.8r
3,086.9
3,240.0
2,845.4
2,518.6
2,898.9
2,866.9
2,835.1
3,036.7
3,340.0
3,435.9
2,996.9
3,047.1
3,145.7
3,398.9
115.9
95.4
75.9
93.0
72.6
85.7
82.2
58.4
61.7
68.7
73.8
58.3
62.5
56.4
2,205.4
2,435.3
2,404.4
2,591.4
2,292.6
2,893.3
2,859.7
3,061.9
3,244.6
3,253.1
3,068.7
2,930.4
3,104.9
3,202.7
37,343.0
38,243.1
38,760.2
38,780.4
39,389.4
39,448.7
39,506.3
39,539.5
39,696.7
39,948.2
39,950.1
40,125.2
40,228.5
40,368.3
2,005.6
1,972.7
32.9
-
2,005.6
4,505.9
-
-
-
-
31,580.6r
90,382.9r
31,576.5r
90,382.lr
31,573. lr
90,381.9r
31,570.3
90,378.7
31,560.5
90,373.4
31,559.9
90,378.0
31,356.0
90,176.6
31
May 1977
PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Bills—Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Low
High
Equivalent average
rate 5/
Price per hundred Equivalent rate 5/
Regular weekly:
iilrweek and 2,feweek)
f
\
1977-Jan.
/
{
J
[
/
{
J
Feb.
{
/
{
J
{
J
^
/
^
/
Mar.
[
J
{
J
\
/
\
Apr*
>7
21
28
52-weeks:
1976-Apr.
May
June
6............
1............
July
Aug.
24............
Sept.
Oct.
Nov.
Dec.
1977-Jan.
11............
Feb.
8............
Mar.
8............
Apr.
Special:
10............
1976-Dec.
1977-Apr.
6............
Footnotes on following page.
/
\
/
\
/
\
/
Price per hundred
Equivalent rate 5/
98.886
97.697
98.834
97.572
98.820
97.539
98.812
97.520
98.807
97.468
98.831
97.553
98.829
97.542
98.820
97.537
98.810
97.501
98.824
97.490
98.851
97.567
98.849
97.560
98.835
97.538
98.841
97.550
98.847
97.590
98.864
97.620
98.858
97.554
(Percent)
4.407
4.555
4.613
4.803
4.668
4.868
4.700
4.905
4.720
5.009
4.624
4.840
4.633
4.862
4.668
4.872
4.708
4.943
4.653
4.965
4.546
4.813
4.553
4.826
4.609
4.869
4.585
4.846
4.562
4.767
4.494
4.708
4.518
4.839
98.896 £/
97.711
98.839
97.579
98.828 2/
97.545 8/
98.817
97.527 2/
98.813
97.479
98.837
97.572
98.834
97.550
98.826
97.543 10/
98.819
97.513
98.830
97.502
98.857
97.574
98.855
97.568
98.840
97.544
98.852
97.558 11/
98.852
97.599 12/
98.866 12/
97.630
98.865
97.568
(Percent)
4.367
4.528
4.593
4.789
4.636
4.856
4.680
4.892
4.696
4.987
4.601
4.803
4.613
4.846
4.644
4.860
4.672
4.919
4.629
4.941
4.522
4.799
4.530
4.811
4.589
4.858
4.542
4.830
4.542
4.749
4.486
4.688
4.490
4.811
98.881
97.691
98.833
97.568
98.818
97.537
98.810
97.516
98.803
97.462
98.828
97.543
98.827
97.538
98.817
97.532
98.809
97.496
98.821
97.486
98.848
97.561
98.847
97.556
98.833
97.535
98.838
97.548
98.845
97.586
98.863
97.615
98.856
97.546
94.155
94.292
93.621
93.851
94.048
94.304
94.377
94.817
94.727
95.240
95.219
94.596
94.716
94.785
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
5.345
5.226
5.158
94.196
94.338 1£/
93.652
93.867 15/
94.067
94.337 16/
94.389 22/
94.840
94.738 18/
95.258 12/
95.231 20/
94.617 21/
94.742
94.797 22J
5.740
5.600
6.278
6.066
5.868
5.601
5.549
5.103
5.190
4.690
4.717
5.324
5.200
5.146
94.143
94.265
93.593
93.834
94.041
94.289
94.368
94.803
94.718
95.218
95.210
94.584
94.707
94.779
5.793
5.672
•6.337
6.098
5.894
5.648
5.570
5.140
5.210
4.729
4.737
5.356
5.235
5.164
98.369
4.449
98.379
4.421
98.360
4.473
99.807
4.638
99.809 £2/
4.584
99.805
4.680
(Percent)
4.427
4.567
4.617
4.811
4.676
4.872
4.708
4.913
4.735
5.020
4.636
4.860
4.640
4.870
4.680
4.882
4.712
4.953
4.664
4.973
4.557
4.824
4.561
4.834
4.617
4.876
4.597
4.850
4.569
4.775
4.498
4.718
4.526
4.854
Treasury Bulletin
32
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source: Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26 weeks.
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
Includes maturing short-dated bills issued Apr. 6, 1977.
5/ Bank discount basis.
6/ Except $110,000 at 98.905 and $300,000 at 98.900.
2/ Except $750,000 at 98.834.
8/ Except $10,000,000 at 97.553.
2/ Except $350,000 at 97.531.
10/
11/
1g /
12/
Except $1,000,000 at 97.628, $1,000,000 at 97.618 and $2,000,000 at 97.613.
Except $635,000 at 97.563.
Except $15,000,000 at 97.778.
Except $850,000 at 98.883.
U J Except $10,000 at 94.366 and $715,000 at 94.348.
1*5/ Except $1,300,000 at 93.873.
16/ Except $1,950,000 at 94.347.
12/ Except $5,420,000 at 94.397.
18/ Except $920,000 at 94.748 and $2,000,000 at 94.743.
12/ Except $500,000 at 95.288.
20/ Except $8,740,000 at 95.239 and $4,000,000 at 95.238.
21/ Except $3,285,000 at 94.632, $1,000,000 at 94.622, and $2,000,000
at 94.621.
22/ Except $35,000 at 94*813.
22/ Except $5,000,000 at 99.842, $4,000,000 at 99.840, and $2,000,000
at 99.838.
r Revised.
„PUBLIC DEBT OPERATIONS.
PDO-3. - New M oney F in an cin g through R e g u la r W eekly T re asu ry B ill
(Dollar amounts in millions)
sscription of issue
Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
1973-Apr.
July
Apr.
July
Apr.
July
Apr.
July
5
5
12
12
19
19
26
26
91
182
91
182
91
182
91
182
*.
$3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
$2,402
1,901
2,403
1,902
2,401
1,902
2,400
1,901
5.164
5.397
5.154
5.413
5.277
5.541
5.634
5.759
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
1973-Sept.
Dee.
Sept.
Dec.
Sept.
Dec.
Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Nov.
1974-Jan.
Feb.
May
16
15
23
23
30
29
13
13
20
20
27
27
4
3
11
10
18
17
25
24
1
31
14
16
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
3,789
3,552
3,454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
3,349
3,545
3,975
3,215
4,274
3,430
3,887
3,561
3,796
3,386
4,047
4,341
2,501
1,693
2,501
1,701
2,502
1,702
2,502
1,701
2,501
1,701
2,503
1,701
2,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
2,503
1,801
6.180
6.457
6.453
6.747
6.693
6.864
7.127
7'.172
7.265
7.255
7.229
7.299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.635
8.381
-111
Aug.
Nov.
15
14
91
182
3,670
3,227
2,601
1,902
8.023
8.031
200
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
202
Aug.
Nov.
29
29
91
183
3,723
3,474
2,604
1,903
7.984
8.205
206
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1975-Jan.
1974-Oct.
1975-Jan.
5
5
12
12
19
19
26
26
3
2
10
9
91
182
91
182
91
182
91
182
91
182
91
182
3,578
3,383
3,693
3,792
5,054
4,261
3,925
3,017
4,117
3,171
4,014
3,430
2,602
1,904
2,603
1,903
2,601 2/
1,901
2,600 2/
1,901
2,603 2/
1,905
2,602 2/
1,904
8.299
8.426
8.260
8.324
8.178
8.175
7.841
8.003
7.808
8.055
7.892
8.481
205
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Dec.
1975-Mar.
17
16
24
23
31
30
7
6
14
13
21
20
29
27
5
6
91
182
91
182
91
182
91
182
91
182
91
182
92
182
91
182
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
4,264
3,651
3,981
2,986
3,721
3,481
3,746
3,853
2,602 2/
1,901
2,602 2/
1,901
2,601 2/
1,902
2,656 2/
2,007
2,805 2/
2,004
2,807 2/
2,002
2,803
2,004
2,806
2,005
7.702
7.876
7,603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
189
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
19
20
26
27
91
182
91
182
4,607
3,072
4,038
3,241
2,503
1,802
2,500
1,800
8.185
8.203
7.003
7.928
-197
201
223
200
-99
-100
-99
-104
-101
-101
-100
-103
-96
-100
110
203
202
198
204
195
205
106
359
408
407
401
404
-201
Treas
.PUBLIC DEBT OPERATIONS.
PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^/-Continue
(Dollar amounts in millions)
ription of issue
Maturity
date
1975-Jan.
9
10
Apr.
Jan. ' 16
Apr.
17
Jan.
23
Apr.
24
Jan.
30
1
May
Feb.
6
May
8
Feb.
13
May
15
20
Feb.
May
22
Feb.
27
May
29
6
Mar.
June
5
Mar.
13
June
12
Apr.
3
July
3
10
Apr.
10
July
Apr.
17
July
17
Apr.
24
July
24
May
1
July
31
May
8
Aug.
7
May
15
Aug.
14
May
22
Aug.
21
May
29
28
Aug.
June
5
Sept.
4
June
12
11
Sept.
June
19
18
Sept.
June
26
Sept.
25
July
3
2
Oct.
July
10
Oct.
9
17
July
16
Oct.
July
24
Oct.
23
July
31
30
Oct.
Aug.
7
6
Nov.
Aug.
14
Nov.
13
Aug.
21
20
Nov.
28
Aug.
28
Nov.
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
91
182
91
182
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
3,132
3,301
4,169
2,958
4,747
3,249
3,369
3,459
3,412
3,307
4,497
3,856
3,877
3,690
4,110
3,342
3,393
3,819
5,474
3,814
3,755
3,705
4,442
4,416
4,724
4,915
4,088
3,582
4,085
4,191
4,244
5,044
4,107
3,743
4,096
4,653
3,468
3,822
3,797
4,768
4,511
5,523
4,303
4,533
4,014
3,599
4,598
4,331
5,045
4,361
4,881
4,729
4,094
4,066
4,423
5,479
4,412
4,831
6,426
4,831
4,503
5,542
5,057
4,820
2,702
2,003
2,703
. 2,003
2,703
2,004
2,705
1,998
2,704
2,100
2,802
2,104
2,800
2,105
2,802
2,102
2,804
2,104
2,802
2,102
2,705
2,201
2,704
2,304
2,603
2,206
2,603
2,202
2,600
2,301
2,702
2,401
2,701
2,499
2,704
2,503
2,702
2,550
2,701
2,501
2,602
2,502
2,503
2,502
2,502
2,601
2,703
2,700
2,701
2,801
2,704
2,702
2,702
2,701
2,701
2,701
2,802
2,801
2,805
2,801
2,803
2,801
2,802
2,803
91
183
of bids
accepted 2/
(Percent)
6.697
7.364
7.723
7.398
7.525
7.398
7.892
7.766
7.880
7.856
7.604
7.552
7.535
7.428
7.328
7.369
7.524
7.564
7.173
6.911
7.113
7.101
6.698
6.681
6.678
6.646
6.370
6.373
5.606
5.825
5.668
5.736
5.800
5.800
5.408
5.483
5.456
5.675
5.638
5.742
5.622
5.655
5.376
5.473
5.543
5.669
5.562
5.785
6.021
6.352
5.539
5.843
5.653
6.067
5.717
6.158
5.356
5.481
5.183
5.481
5.115
5.412
5.206
5.469
201
201
202
200
247
199
197
198
198
190
196
202
205
201
294
392
394
405
446
394
496
599
702
805
795
799
797
804
801
801
795
801
35
.PUBLIC DEBT OPERATIONS.
-3. - New Money Financing through Regular Weekly Treasury B ills i / —Continued
(Dollar amounts in millions)
cription of issue
Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
"
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
5,594
5,506
5,306
5,671
4,735
5,918
4,448
6,246
5,368
6,876
4,748
6,245
5,068
4,469
4,608
5,613
$2,803
2,701
2,606
2,591
2,701
2,701
2,802
2,901
2,806
2,905
2,802
2,901
2,904
2,902
3,002
3,002
3,001
3,101
3,103
3,202
3,103
3,202
3,105
3,203
2,903
3,202
2,736
2,920
2,702
2,805
5.258
5.505
5.079
5.284
6.008
6.262
6.204
6.509
6.044
6.343
6.246
6.627
6.318
6.719
6.455
6.864
6.349
6.809
6.453
7.000
6.594
7.085
6.382
6.866
6.389
6.889
6.445
6.901
4,155
5,762
3,684
5,341
3,001
3,103
3,104
3,190
6.547
6.981
6.238
6.571
91
182
91
182
92
182
4,125
4,609
4,860
5,072
4,635
4,853
4,992
5,067
5,322
5,270
3,000
3,103
3,005
3,102
2,999
3,204
3,203
3,304
3,202
3,302
6.045
6.243
5.886
6.156
5.685
5.974
5.602
5.792
5.279
5.483
May
19
20
26
27
91
182
90
181
5,669
5,492
6,400
6,155
3,203
3,401
3,231
3,412
5.472
5.795
5.521
5.933
Mar.
June
Mar.
June
4
3
11
10
91
182
91
182
5,349
5,202
4,351
6,152
3,203
3,401
2,907
3,302
5.549
5.995
5.634
6.143
798
18.
Mar.
June
18
17
91
182
4,451
4,767
2,702
3,099
5.491
5.914
764
26.
Mar.
June
90
181
3,998
4,606
2,709
3,107
5.340
5.678
813
2.,
Apr.
July
Apr.
July
25
24
1
1
8
8
90
181
91
182
4,957
5,942
5,084
6,539
2,901
3,301
3,004
3,501
5.207
5.508
5.226
5.521
500
15
15
22
22
29
29
91
182
91
182
91
182
5,783
5,457
4,588
5,488
4,774
5,844
2,992
3,403
3,001
3,393
3,102
3,502
4.827
5.066
4.782
5.046
4.763
5.051
5.
12.
3.
10.
17.
24.
31.
7.
14.
21,
28.
4,
11.
18.
25.
2.
9.
16.
23.
30.
6.
13.
20.
Sept.
Dec.
Sept.
Dec.
Oct.
1976-Jan.
1975-Oct.
1976-Jan.
l975-0ct.
[1976-Jan.
/1975-Oct.
\l976-Jan.
[1975-Oct.
i1976-Jan.
f1975-Nov.
(1976-Feb.
f1975-Nov.
Il976-Feb.
’ 1975-Nov.
I1976-Feb.
'1975-Nov.
t1976-Feb.
1975-Dec.
1976-Mar.
[1975-Dec.
,1976-Mar.
1975-Dec.
1976-Mar.
" 1975-Dec.
1976-Mar.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Feb.
May
Feb.
May
Feb.
M ay
28.
4.
11.
8.,
15.,
22.,
29..
end of 1
Feb.
Apr.
July
Apr.
July
Apr.
July
4
4
11
11
2
2
9
8
16
15
23
22
30
29
6
5
13
13
20
19
28
26
4
4
11
11
18
18
26
25
2
1
8
8
91
182
91
182
91
183
91
182
91
182
91
182
91
182
$5,616
3,898
4,578
4,258
3,811
3,608
4,465
4,505
5,453
6,560
4,505
5,550
5,136
5,262
91
182
91
183
91
182
92
182
91
182
91
182
91
182
92
182
92
182
91
182
15
15
22
22
91
182
91
182
29
29
5
6
13
13
6.315
6.824
$698
493
498
697
800
803
801
799
1,000
952
1,005
998
954r
704
702
690r
595
605
598
704
702
700
738
715
501
490
487
702
36
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - N e w Money Financing through Regular Weekly Treasury BiUsl/-Continued
________________________________________(Dollar amounts in m illions)_______________
Description of issue
Issue
date
W 6-F eb.
5..
13.,
26.,
Apr.
22.,
29.,
May
6.,
13.,
20.,
27..
June
1976-May
Aug.
May
Aug.
May
Aug.
6
5
13
12
27
26
91
182
90
181
91
182
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov,
Aug.
Nov.
22
21
29
28
91
182
91
182
5,504
5,370
5,572
6,033
5
4
12
12
19
18
26
26
91
182
91
183
91
182
91
183
5,557
7,702
3,915
6,567
$4,5056,558
4,709
$3,109
3,804
6,212
3.902
2.902
3,731
2,506
3,404
2,609
3.502
4,700
5,121
5,739
6,519
4,624
6,508
4,955
7,382
3,102
2.603
3,601
2.603
3.602
2.502
3.503
2,500
3.602
2.504
3.503
91
182
17..
9
9
16
16
91
182
91
182
24.,
Sept.
Dec.
23
23
91
182
4,360
5,364
4,376
5,523
Sept.
Dec.
Oct.
1977-Jan.
"l976-0ct.
1977-Jan.
July
Oct.
30
30
7
6
14
13
28
27
91
182
91
182
91
182
4,163
5,222
4,251
7,809
7,134
6,198
2,302
91
182
5,031
5,845
2,303
3,300
1.
28.
Source:
See Table EDO-2.
1 / Excludes issues of s tr ip s of additional amounts of outstanding
regular weekly b i l l s for cash on June 5, 1974 ($801 m illion).
Equivalent average r a te on bank discount b asis.
On June 11, 1974, the Treasury announced th a t the amount of b i l l s
2J
2J
Amount
of bids
accepted
2
2
15.
Apr.
Maturity
date
Amount
of bids
tendered
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
3.,
10.,
July
Number of
days to
maturity
2,309
3,399
2.103
3,202
2,106
3.103
3,402
2.505
3.506
2,514
3.503
Average rate
of bids
accepted 2 /
(Percent)
New money
increase, or
decrease (-)
4.812
5.066
4.872
5.133
4.869
5.204
$708
4.763
5.089
4.910
5.230
-193
4.920
5.338
5.072
5.425
5.250
5.727
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
5.368
5.754
5.411
5.767
5.190
5.430
4.518
4.839
700
199
-195
-209
-199
-205
-211
-295
-292
-291
-302
-200
-188
-92
-405
offered would be $200 m illion more than the amount maturing. I t
stated th a t a foreign cen tral bank would bid fo r $200 m illion of the
b i l l s in order to achieve a b e tte r balance between i t s holdings of
special Treasury issues and marketable Treasury issues.
37
May 1977
PUBLIC DEBT OPERATIONS___________________
Table P D O - 4 . - Offerings of Public Marketable Securities O t he r than
Regular W e e k l y Tre as u ry Bills
(Dollar amounts in m illions)
Date subscrip
tio n books
closed or
tenders r e
ceived
Issue
date
D escription or se c u ritie s i /
8.256$
8.049$
7.836$
9.655$
9$
9$
8- 1/ 2$
B ill
B ill
B ill
B ill
Note
Note
Bond
9.564$ B ill
9.767$ B ill
“
8/21/74
8/28/74
7/2/74
7/30/74
7/30/74
8/7/74
8/15/74
8/15/74
8/15/74
8/27/74
9/4/74
9/18/74
9/24/74
8.341$ B ill
-
9/24/74
8-1/4$
1- 1/ 2$
7.629$
7-7/8$
7.933$
7-3/4$
7-3/4$
8- 1/ 2$
7.362$
7.426$
7.527$
7.521$
Note
Note
B ill
Note
B ill
Note
Note
Bond
B ill
B ill
B ill
B ill
-
10/16/74
10/23/74
10/29/74
11/6/74
11/7/74
11/8/74
11A3/74
11/20/74
11/21/74
11/26/74
9/30/74
10/1/74
10/22/74
11/6/74
11/4/74
11/15/74
11/15/74
11/15/74
11/L9/74
12/3/74
12/4/74
12/5/74
12/11/74
12/23/74
12/30/74
1 /2 /7 .
12A7/74
12/31/74
1/7/75
1/9/75
6.625$ B ill
7-1/4$ Note
7-7/8$ Note
8$
Note
6/20/74
7/23/74
7/24/74
8/1/74
8/6/74
8/7/74
8/8/74
2/
~
-
-
-
-
-
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. 5 /
5/15/77-D
8/15/80-B
5/15/94-99 - Reopening
8/26/75
6/30/75
9/30/76-J
10/1/79-E0
10/21/75
5/15/79-D
6/19/75
ll/15/77-E
11/15/81-B
5/15/94-99 - Reopening
11A8/75
4A6/75
Tax ant.
"S trip " of 5 Series
6/17/75
Tax ant.
12A6/75
12/31/76-K
5/l5/79-D-Reopening
3/ 31/ 76- H-Reopening
1/8/75
1/14/75
6.378$ B ill
-
1/13/76
2/18/75
2/18/75
2/18/75
7- 1/ 8$ Note
7-3/8$ Note
7-7/8$ Bond
-
2/5/75
2/11/75
2/19/75
3/3/75
5.313$ B ill
/*5-7/8$ Note
Note
\ 6$
5.637$ B ill
5/15/78-D
2/15/81-C
2/15/95-2000
2/10/76
8/31/76-L
2/28/77-F
3/5/75
3/11/75
3/11/75
3/13/75
3/18/75
3/20/75
3/19/75
3/25/75
3/31/75
4/7/75
4/1/75
4/8/75
4/1/75
4/8/75
4/14/75
2/
4/2/75
4/8/75
4/15/75
4/30/75
4/30/75
5/6/75
5/6/75
5/7/75
5/8/75
5/14/75
5/22/75
5/28/75
6/17/75
6/24/75
6/25/75
7/17/75
7/24/75
7/29/75
7/30/75
7/31/75
8/7/75
8/14/75
8/20/75
8/21/75
9/4/75
9/4/75
5/15/75
5/15/75
5/15/75
5/27/75
6/6/75
6/3/75
6/30/75
7/1/75
7/9/75
7/31/75
7/29/75
8/15/75
8/15/75
8/15/75
8/8/75
8/29/75
8/26/75
9/4/75
9/5/75
9/5/75
9/16/75
Q/17/75
9/24/75
9/30/75
9/23/75
10/7/75
10/1/75
10/22/75
10/21/75
10/31/75
11/17/75
11/17/75
2/
10/7/75
10/15/75
10/16/75
10/29/75
10/30/75
Footnotes at end of table.
Note
Note
Note
Bond
7-1/8$ Note
1-1/2$ Note
7-3/4$
6$
6- 1/ 2$
8-1/4$
-
-
_
5/31/76-M
3/31/77-G
5/15/90
11/30/76-N
4/1/80-EA
6.475$ B ill '
6.560$ B ill 7-3/8$ Note
“ 4/6/76
1/31/76
7-5/8$
8$
8-1/4$
6-3/4$
6- 1/ 2$
5.803$
6-1/ 2$
6.292$
7-3/4$
7-1/2$
6.782$
7-7/8$
8/15/78-E
5/15/82-A
5/15/00-05
5/31/77-1
10/31/76-0
6/1/76
6/30/77-J
6/29/76
6/30/79-E
7/31/77-K
7/27/76
5/15/78-F
8/15/82-B
8/15/95-2000
8/26/75 - Reopening
8/31/77-L
8/24/76
9/30/79-F
9/18/75 - Reopening
9/25/75 - Reopening
6.400$ B ill
8-1/8$
8-3/8$
6.280$
8-1/4$
7.331$
8-1/2$
6.175$
6.156$
Note
Note
Bond
Note
Note
B ill
Note
B ill
Note
Note
B ill
Note
Note
Bond
B ill
Note
B ill
Note
B ill
B ill
8-3/8$ Note
7.338$ B ill
8$
Note
1-1/2$ Note
8-1/8$ Note
6.600$ B ill
7-1/2$ Note
7-7/8$ Note
8-3/8$ Bond
_
"
-
-
-
2y 9m
6y
24y 9m
2y
5y
3y
4/30/77-H
5/4/76
9/30/77-M
9/21/76
2/28/78-G
10/1/80-E0
364d
134d
22d
194d
364d
2y
4y 4m
ly 3m
364d
3y 3m
6y
25y
364d
ly 6m
2y
364d
6y
ly
2y
15y
ly
5y
8m
2m
2y 5m
5y
3y 2m
12/31/78-H
10/19/76
10/31/77-N
2y
11/ 15/ 82-C
7y
8/15/95-2000-Reopening 24y 9m
1,803
205
1
1,818
3,580
2,274
3,860
4,403
3,275
1,816
3,802
4,904
1,671
2,481
1,059
949
338
3,749
2,807
1,760
1,915
77
-
-
2,001
697
400
150
-
3*263
1,768
752
364d
3,331
3,858
4,719
4,461
2,246
77 20/
697l
400/ 24/
150/
-
~
3
384
150
3,192
2,858
2,115
2.517
3,062
3,156
2.517
1,001
u/
w
22/
w
2
22
2/
/
22/
-
_
2,576
33
12/
-
-
6,899
6,133
3,972
l,059l
949M /
338f
1,762
1,580
1,372
902
313
364d
205 12/
1
2,102
1,586
1,579
2,435
2,855
1,514
754
2,137
1,579
2,404
2,170
2,591
1,782
1,516
2,293
3,051
2,017
801
1,000
2,021
2,893
2,081
849
700
2/
W
11/
-
-
“
13d
20d
2,93§\
2, 46l W
486J
2,103
1,662
1,665
1,247
1,507
A llo t
ment
ra tio
-
_
2,775
3,321
5,384
5,391
4,591
5,657
3,670
1,978
6,669
4,956
7,121
4,362
3,000
3,236
364d
2,001
2,205
1,253
756
6,638
4,241
2,284
364d
364d
2,570
1,766
603
2,002
2,251
1,001
1,256
3,355
3,354
2,967
3,189
4,272
In exchange
4/
2,003
1,016
1,501
2,300
1,233
850
18d
2y
-
3,254
5,390
3,865
1,848
3,572
2,666
3,851
2y
4y lm
2,980
364d
364d
1,802
1,501
1,806
1,526
2,393
1,835
400
1,803
2,003
2
4y
For
cash
-
77135
3,681
4,158
4,427
3y 3m
7y
3Qy
2y
ly 5m
2y
2,936
2,461
486
2,961
2,898
3,796
292d
2y 9m
7y
25y
“
2,993
3643
2y
Exchange
3,438
lm
8m
2y
2,654
4,321
2,573
4,319
4,441
3,788
1,060
364d
Ty
24y 6m
(Average)
Cash
2,935
4,934
227d
Amount issued 2 /
Amount of sub
sc riptions tendered
364d
299d
364d
4y 6m
3/9/76
11/15/81-B-Reopening
-
364d
244d
364d
^4d
9/23/75
1/28/75
1/29/75
1/30/75
-
Period to fin a l
m aturity
(years, months,
days) 2/
2
-
21/
2&
21/
£ 8/
£2/
20/
21/
22/
22/
24/
25/
2, 300^
1 >28^
“
22/
22/
22/
40/
41/
42/
42/
M/
1 , 9 o |i 5 /
31J(
46/
4Z/
42/
42/
30/
3 331/
3
384k/
150p
^2/
12/
2A/
21/
i8 /
Treasury Bulletin
38
.PUBLIC DEBT OPERATIONS.
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tio n "books
closed or
tenders r e
ceived
Issue
date
3/24/76
3/29/76
11/18/75
12/5/75
12/8/75
12/8/75
12/16/75
12/31/75
1/6/76
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2/17/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
4/29/76
5/4/76
5/5/76
5/7/76
5/4/76
5/17/76
5/17/76
5/17/76
5719/76
6/1/76
6/1/76
6/8/76
6/10/76
6/20/76
6/30/76
7/9/76
7/27/76
7/30/76
8/16/76
8/16/76
8/16/76
8/24/76
8/33/76
9/14/76
10/1/76
9/21/76
9/30/76
10/12/76
10/19/76
11/1/76
11/13/75
12/2/75
12/5/75
12/5/75
12/10/75
12/16/75
12/22/75
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/76 .
7/
Description of se c u ritie s 1 /
6.010%
5.822%
5.220%
5.140%
6.440%
7-1/4%
7- 1/ 2%
5.578%
7-3/8%
6- 3/ 8%
8%
5.572%
7%
8-1/4%
6- 5/ 8%
6. 010%
7-1/2%
6-3/4%
1- 1/ 2%
7-3/8%
5.781%
-
B ill
B ill
B ill
B ill
B ill
Note
Note
B ill
Note
Note
Note
B ill
Note
Bond
Note
B ill
Note
Note
Note
Note
B ill
-
_
_
-
-
_
_
_
-
11/15/76
11/15/76
11/15/76
B ill
Note Note Bond 7-1/8% Note _
6.309% B ill 5.520* B ill _
7-5/8% Note 6.081% B ill _
6- 7/ 8% Note 7-5/8# Note 5.739% B ill 6-7/8% Note 6-7/8% Note 8%
Note Bond 8%
5.634% B ill 6r 5/8% _Note 6-7/8% Note
1- 1/ 2% Note 5.561% B ill _
6-1/4% Note Note 7%
5.126% B ill _
5-7/8% Note 6-1/4% Note Note 7%
7-7/8% Bond 5. 201% B ill -
11/18/76
1 1 /3 0 /7 6
_
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
2/17/77
2/23/77
3/2/77
12/7/76
12/10/76
12/14/76
5/26/76
6/7/76
6/3/76
6/23/76
6/21/76
6/29/76
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
8/19/76
8/31/76
9/15/76
9/21/76 7 /
9/28/76
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
11/15/76
,/06/
1/11/77
2/33/77
2/15/77
2/08/77
2/15/77
2/15/77
2/28/77
3/8/77
3/8/77
3722/77
3/31/77
3/29/77
3/30/77
4/1/77
4/19/77
4/27/77
5/3/77
5/4/77
4/4/77
4/5/77
5/2/77
-5/3/77
5/16/77
5/16/77
Period to fin a l
m aturity
(years, months,
days) 2/
_
5.645%
6-1/ 2%
7-7/8%
7-7/8%
363d
139d
lOd
18d
364d
11/15/76
4/22/76 - Reopening
I 2/ I 8/75 - Reopening
12/26/75 - Reopening
12/14/76
12/31/77-P
12/31/79 -G
1/3.1/77
5/15/81-D '
l/31/78-J
2/15/83-A 6/
2/8/77
2/15/79-H
5/15/2000-05 Reopening
11/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/1/81-EA
2/15/81-E
4/5/77
2y
4y
364d
5y 4m
2y
7y
364d
3y
29y 3m
ly 9m
4y 10-l/2m
364d
5/3/77
4/30/78-L
2y
5/15/86-A
6/
lQy
2/15/95-2000-Reopening ;23y 9m
2y
6/l7/76-Reopening
6/30/80-D
364d
9d
364d
2y
5y lm
364d
7/26/77
7/31/78-P
8/15/79-J
8/15/86-B 6/
2y
3y
LQy
£5y
8/15/1996-2001
364d
8/23/77
8/3.1/78-Q
4y
.iy
10/1/81-E0
9/20/7 /
9/30/78-R
2y
ll/15/81-G
5y
10/18/77
10/31/78-S
2y
11/15/79-K
3y
11/15/83-B
7y
2A5/95-2000-Reopening £3y 3m
11/15/77
5-3/4%
5-7/8%
4.448%
4.708%
5-1/4%
6- 1/ 8%
4.728%
5-7/8%
6- 1/ 2%
5.345%
7-1/4%
7-5/8%
5-7/8%
6-7/8%
5.226%
Note
Note
B ill
B ill
Note
Note
B ill
Note
Note
B ill
Note
Bond
Note
Note
B ill
_
_
_
■
■
■
2/28/79-M
3/31/81-H
3/7/78
7%
5.158%
4.632%
5-7/8%
5.163%
7-1/4%
7-5/8%
Note
Note
B ill
B ill
Note
B ill
Note
Bond
■
■
■
•
•
■
■
3/31/79-N
5/15/82-E
5y lm
4/4/78
4/ 21/77-Reopening
4/30/79-P
2y
5/2/78
2/15/84-A-Reopening
6y 9 m
2/15/2002-2007 -Reopening 29y 9 m
-
_
11/30/78-T
12/31/80-F
4/21/77-Reopening
12/13/77
12/ 31/ 78-U
2/15/82-D
1/10/78
l/31/79-L
2/15/80-G
2/07/78
2/15/84-A
2/15/2002-07
364d
4y lm
6/28/77
6/30/78-N
8/15/81-F
9730780-E
364d
4y
2y
5y
2y
4y lm
2y
5y lm
2y
3y
7y
30y
2y
4y lm
Source:
Bureau of the Public Debt.
Note: A ll se c u ritie s (except EA & E0 notes), except those bearing footnote c
were sold a t auction through competitive and noncompetitive bidding.
1/ For b i l l issues, always sold a t auction, the ra te shown is the equi
valent average ra te (bank discount basis) on accepted bids. Other
se c u ritie s issued a t par except those bearing footnote 6 and those
sold a t auction. For d e ta ils of biLl offerings see Table PDO-2.
From date of additional issue in case of a reopening.
1/ In reopenings the amount issued is In addition to the amount of
o rig in a l offerings.
364d
364d
365d
132d
364d
364d
364d
364d
Amount of subsc n p tio n s tendered
Exchange
5,482
5,289
1,657
1,977
6,013
4,390
4,294
4,901
3,328
3,603
29,211
4,913
4,481
712
4,959
5,666
5,507
4,851
4,856
4,296
5,581
5,663
4,829
5,693
24,426
2,556
4,934p
4,827
5,442
6,404p
5,335
4,205
5,219p
4,324
5,669p
6,469p
364d
602
601
3,253
2,553
2,006
3.069
3,911p
6,986p
14,940
3,239p
6,196p
6,101p
2,673p
212
2,020
1,939
1,600
215
97
2,508
6,019
2,930
3,092
402
2,628
3,105
2.069
3,066
1,939
A llo t
ment
r a tio
300
2',274
472
117
82
S7$
2,485
2,921
52/
60/
61/
62/
£2/
1,600
215
&/
65/
66/
97
68/
62/
2,628
3,203
62/
300
472
117
82
20/
21/
^2/
72/
2,010
2,185
24/
2,612
692
700
1,476
592
54
2,638
2,586
2,977
2,855
2,289
8,039
983
2,953p
2,895
692
700
1,476
592
54
2 ,867p
326
2,868
98
70
50
2,543
3,095p
2,822
3,284p
2,235p
l,000p
3,396p
136
252
1,300
881
391
150
2,803p
2,692p
2,000p
3,253p
3,125p.
2,697p
3,071p
2,839p
3,284p
2,930p
2, OOOp
751p
2,692p
2,800p
3,207p
523
T,995F
110
2,607p
3,341p
4,506
l,882p
2,966p
2,850p
l,000p
2,623
900
25/
26/
22/
28/
22/
80/
&/
81-A/
“27141
5,370p
4T789P
364d
15d
In exchange
U
3,245
l,544p
4,088p
5 ,621p
4,695p
6,688p
6 ,597p
5,318
7 ,053p
5,858p
6 ,I66p
5,734p
4,754P
2,351p
6,474p
5,061p
6,264p
For
cash
2,002
5,180
6,046
5,668
4,712
9,000
1,525
4,952
4,381
6,007
5,246
Amount issued j /
326
-
8g/
82/
98
70
50
J&/
82/
86/
82/
:
136
-
88/
82/
252
-
2Q/
2 i/
_
1,300
22/
21/
881
391
150
2V
25/
_
523
:
26/
22/
2§7~
22/
110
100/
2,623
900
101/
102/
4 / For se c u ritie s exchanged for the new issues see Table PDO-7.
5/ Tax anticipation b i l l , accepted a t face value in payment of income
taxes due on the 15th of the month in which the b i l l s mature.
6 / Sold a t fixed price by subscription.
7 / Exchange offering available to owners of nonmarketable 2-3/4% Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For fu rth er
information on the o rig in a l offering see Treasury B ulletin fo r A pril
1951, page A-l.
8 / Issued to Feder.il Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
39
May 1977
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4.
2/
Prices accepted ranged from 101.28 (yield 8.48$) down to 100.86
(yield
with the average a t 101.00 (yield
Prices accepted ranged from 101.50 (yield
down to 101.01
(yield
with the average at 101.15 (yield
11/ Prices accepted ranged from 99.76 (yield
down to 98.00 (yield
with the average at 98.70 (yield
12/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing September 30, 1974.
12/ Yields accepted ranged from
(price 99.75) down to 8 .
(price
100.09) with the average a t
(price 99.84).
14 / Yields accepted ranged from
(price 99.787) down to
(price 100.349) with the average a t
(price 99.937).
15/ Issued to Federal Reserve banks and Government accounts in exchange
fo r se c u ritie s maturing November 15, 1974.
16/ Yields accepted ranged from
(price 99.685) down to
(price 99.921) with the average a t
(price 99.737).
12 / Yields accepted ranged from
(price 99.416) down to
(price 100.000) with the average a t
(price 99.628).
18/ Prices accepted ranged from 103.50 (yield
down to 102.79
(yield 8.2
with the average a t 103.04 (yield 8.2
12/ Sale of a "strip " of Treasury b i l l s consisting of an additional $200
m illion of each weekly se ries maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing December 31, 1974.
21/ Yields accepted ranged from
(price 99.781) down to 7.15$
(price 100.183) with the average a t
(price 99.872).
22/ Prices accepted ranged from 102.20 (yield
down to 101.80
(yield
with the average a t 101.95 (yield
Prices accepted ranged from 100.91 (yield
down to 100.80
(yield
with the average a t 100.84 (yield
24/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing February 15, 1975.
25/ Yields accepted ranged from 7.17$ (price 99.814) up to 7.23$ (price
99.643) with the average a t 7.21$ (price 99.700).
26/ Yields accepted ranged from 7.40$ (price 99.881) up to 7.52$ (price
99.311) with the average at 7.49$ (price 99.453).
22/ Yields accepted ranged from 7.89$ (price 99.837) up to 7.96$ (price
99C084) with the average at 7.95$ (price 99.191).
28/ Yields accepted ranged from 5.88$ (price 99.993) up to 5.98$ (price
99
with the average a t 5.94$ (price 99.908).
2 2/ Yields accepted ranged from 5.97$ (price 100.056) up to 6.12$ (price
99.778) w ith the average a t 6.09$ (price 99.834).
20/ Prices accepted ranged from 101.51 (yield 7.45$) down to 101.07
(yield 7.54$) with the average a t 101.21 (yield 7.51$).
21/ Yields accepted ranged from 5.90$ (price 100.082) up to 6.01$ (price
99.757) with the average at 5.98$ (price 99.991).
22/ Yields accepted ranged from 6.40$ (price 100.185) up to 6.60$ (price
99.815) with the average a t 6.51$ (price 99.982).
Yields accepted ranged from 8.15$ (price 100.826) up to 8.37$ (price
98.947) with the average a t 8.31$ (price 99.455).
Yields accepted ranged from 6.95$ (price 100.234) up to 7.19$ (price
99.865) with the average a t 7.15$ (price 99.926).
25/ Yields accepted ranged from 7.37$ (price 100.009) up to 7.45$ (price
99.863) with the average a t 7.43$ (price 99.900).
26/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing May 15, 1975.
22/ Yields accepted ranged from 7.60$ (price 100.001) up to
(price
99.604) w ith the average at
(price 99.717).
38/ Yields accepted ranged from 7.96$ (price 100.212) up to 8.02$ (price
99.894) with the average at 8.00$ (price 100.000).
39/ Yields accepted ranged from 8.25$ (price 100.000) up to 8.32$ (price
99.232) w ith the average a t 8.30$ (price 99.450).
40/ Yields accepted ranged from 6.79$ (price 99.924) up to 6.92$ (price
99.683) with the average a t 6.86$ (price 99.794).
Yields accepted ranged from 6.38$ (price 100.158) up to 6.58$ (pricv,
99.895) with the average a t 6.54$ (price 99.947).
42/ Yields accepted ranged from 6.50$ (price 100.000) up to 6.69$ (price
99.650) with the average a t 6.61$ (price 99.797).
42/ Yields accepted ranged from 7.74$ (price 100.034) up to 7.85$ (pries
99.664) with the average a t 7.83$ (price 99.731).
Yields accepted ranged from 7.49$ (price 100.018) up to 7.53$ (price
99.945) with the average a t 7.52$ (price 99.963).
45/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing August 15, 1975.
Yields accepted ranged from 7.75$ (price 100.233) up to 7.97$ (price
99.695) w ith the average a t 7.94$ (price 99.768).
Yields accepted ranged from 8.06$ (price 100.343) up to 8.18$ (price
99.711) with the average a t 8.14$ (price 99.921).
48/~ Yields accepted ranged from 8.38$ (price 99.948) up to 8.48$ (price
98.917) with the average a t 8.44$ (price 99.327).
Yields accepted ranged from 8.15$ (price 100.180) up to 8.29$ (price
99.926) with the average at 8.25$ (price 99.998).
50/ Yields accepted ranged from 8.45$ (price 100.145) up to 8.56$ (price
99.773) with the average a t 8.54$ (price 99.840).
51/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing September 30, 1975.
52/ Yields accepted ranged from 8.40$ (price 99.955) up to 8.46$ (price
99.847) with the average at 8.44$ (price 99.883).
53/ Yields accepted ranged from 8.05$ (price 99.893) up to 8.13$ (price
99.722) with the average at 8.10$ (price 99.786).
Yields accepted ranged from 8.06$ (price 101.121) up to 8.19$ (price
99.761) w ith the average at 8.14$ (price 99.899).
55/ Yields accepted ranged fr™n 7.47$ (p-Mre 100.055) up to 7.59$ (price
99.836) with the average at 7.55$ (price 99.909).
56/ Issued to Federal Reserve banks and Government accounts in exchange
fo r notes maturing 11/15/75.
8.65%)
8.18%)
20/
8.59%).
8.61$)
8.15%).
8.52%)
8.63%).
8.10%)
8.39%
8.34%
1.93%
3%)
22/
1.89%
1.81%
1.85%
1.86%
1.82%
8.11%)
1.31%
1.31%)
1.21%)
20%
1.18%
1.18%
1.15%
1%).
1.32%
1.21%)
1.33%).
1.18%)
1.24%).
.852)
22/
2k/
1.10%
Qj
44/
46/
41/
49/
54/
1.14%
51/ Yields
accepted ranged from 7.87$ (price 100.027) up to 7.95$ (price
99.603) with the average at 7.92$ (price 99.762).
58/ Prices accepted ranged from 101.73 (yield 8.21$) down to 101.34
(yield 8.24$) with the average at 101.50 (yield 8.23$).
59/ Yields accepted ranged from 7.24$ (price 100.018) up to 7.31$ (price
99.890) with the average a t 7.28$ (price 99.945).
60/ Yields accepted ranged from 7.43$ (price 100.238) up to 7.53$ (price
99.898) with the average a t 7.50$ (price 100.000).
61/ Yields accepted ranged from 7.35$ (price 100.108) up to 7.42$ (price
99.806) with the average a t 7.40$ (price 99.892).
62/ Yields accepted ranged from 6.41$ (price 99.935) up to 6.51$ (price
99.751) with the average a t 6.49$ (price 99.788).
63/ All accepted subscriptions were awarded a t the price of 100.00
(yield 8.00$).
64/ Yields accepted ranged from 7.00$ (price 100.000) up to 7.09$ (price
99.761) w ith the average a t 7.05$ (price 99.867).
65/ Prices accepted ranged from 102.14 (yield 8.05$) down to 101.42
(yield 8.12$) with the average a t 101.75 (yield 8.09$).
66/ Yields accepted ranged from 6.57$ (price 100.039) up to 6.64$ (price
99.925) with the average a t 6.62$ (price 99.957).
67/ Yields accepted ranged from 7.50$ (price 99.990) up to 7.55$ (price
99.818) with the average a t 7.54$ (price 99.853).
68/ Yields accepted ranged from 6.71$ (price 100.074) up to 6.80$ (price
99.908) with the average a t 6.76$ (price 99.982).
69/ Yields accepted ranged from 7.35$ (price 100.101) up to 7.39$ (price
99.940) with the average a t 7.38$ (price 99.980).
70/ Yields accepted ranged from 6.59$ (price 99.837) up to 6.63$ (price
99.765) with the average at 6.61$ (price 99.801).
21/ A ll accepted subscriptions were awarded at the p rice of 100.00
, (yield 7.875$).
,
r
,
72/ Prices accepted ranged from 97.50 (yield 8.11$) to 96.36 (yield
8.22$) with the average at 96.73 (yield 8.19$).
72/ Yields accepted ranged from 7.08$ (price 100.082) up to 7.19$
(price 99.881) with the average a t 7.16$ (price 99.936).
Yields accepted ranged from 7.68$ (price 99.796) up to 7.73$
(price 99.625) with the average a t 7.71$ (price 99.693).
75/ Yields accepted ranged from 6. 96$ (price 99. 844) up to 7.01$
(price 99.752) with the average a t 6.99$ (price 99.789).
76/ Yields accepted ranged from 7.60$ (price 100.076) up to 7.64$
(price 99.909) with the average at 7.63$ (price 99.951).
22/ Yields accepted ranged from 6.90$ (price 99.953) up to 6. 96$ (price
99.843) with the average a t 6.95$ (price 99.861).
28/ Yields accepted ranged from 6.88$ (price 99.987) up to 6.92$ (price
99.880) with the average a t 6.91$ (price 99.907).
79/ An accepted subscriptions were awarded a t the price of 100.00 (yield
14/
8.00$).
80/ Yields accepted ranged from 7.98$ (price 100.215) up to 8.03$ (price
^9.679) with the average at 8.01$ (price 99.893).
S i/ Yields accepted ranged from 6.59$ (price 100.065) up to 6.69$ (price
99.880) with the average a t 6.67$ (price 99.917).
81-A/ Yields accepted ranged from 6.90$ (price 99.903) up to 6.94$ (pr:ice
99.764) with the average at 6.93$ (price 99.799).
82/ Yields accepted ranged from 6.27$ (p rice 99.963) up to 6.32$ (p rice
99.870) with the average a t 6.30$ (99.907).
83/ Yields accepted ranged from 7.02$ (price 99.894) up to 7.10$ (p rice
99.557) w ith the average a t 7.08$ (price 99.641).
Yields accepted ranged from 5.88$ (price 99.991) up to 5.99$ (price
99.787) with the average at 5.96$ (price 99.842).
85/ Yields accepted ranged from 6.32$ (price 99.811) up to 6.37$ (price
99.677) with the average at 6. 36$ (price 99.704).
86/ Yields accepted ranged from 7.00$ (price 100.000) up to 7.02$ (price
99.891) with the average also at 7.02$.
87/ Prices accepted ranged from 101.05 (yield 7.77$) down to 100.58
(yield 7.82$) with the average a t 100.79 (yield 7.80$).
88/ Yields accepted ranged from 5.76$ (price 99.981) up to 5.94$ (p rice
99.647) w ith the average a t 5.86$ (price 99.795).
89/ Yields accepted ranged from 5.87 (p rice 100.007) up to 5.92$ (p rice
99.829) with the average a t 5.Q1$ (price 99.864).
9 0 / Yields accepted ranged from 5.29$ (p rice (99.925) up to 5.38$ (p rice
99.757) w ith the average a t 5.37$ (price 99.775).
9 1/ Yields accepted ranged from 6.15$ (price 99.872) up to 6.20$ (p rice
99.656) with the average a t 6.19$ (price 99.699).
92/ Yields accepted ranged from 5.94$ (p rice 99.880) up to 5.99$ (p rice
99.787) with the average a t 5.97$ (price 99.824).
93/ Yields accepted ranged from 6.56$ (price 99.839) up to 6 .64$ (p rice
99.625) w ith the average a t 6.62$ (price 99.678).
Yields accepted ranged from 7.21$ (price 100.217) up to 7.27$ (p rice
99.892) with the average a t 7.25$ (price 100.000).
95/ Yields accepted ranged from 7.58$ (price 100.530) up to 7.63$ (p rice
99.941) with the average also a t 7.63$.
96/ Yields accepted ranged from 5.95$ (price 99.861) up to 5.99$ (price
99.786) with the average at 5.98$ (price 99.805).
97/ Yields accepted ranged from 6.85$ (price 100.073) up to 6.90$ (price
99.898) with the average at 6.88$ (price 9Q.968).
28/ Yields accepted ranged from 5.99$ (price 100.019) up to 6.03$ (price
99.944) with the average a t 6.02$ (price 99.963).
99/ Yields accepted ranged from
(price 100.058) up to 7.03$ (price
99.846) with the average at 7.02$ (price 99.889).
100/ Yields accepted ranged from 5. 84$ (price 100.065) up to 5.89$ (price
99.972) with the average a t 5.87$ (price 100.009).
101/ Prices accepted ranged from 100.00 (yield 7.24$) down to 99.76 (yield
7.29$) with the average a t 99.81 (yield
102/ Prices accepted ranged from 98.54 (yield 7.75$) down to 98.13 (yield
7.78$) with the average a t 98.25 (yield 7.77$).
*
Less than $500,000.
p
Preliminary.
84/
%
94/
6.98%
1.28%).
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
in te re st
ra te
Eligible securities exchanged
1977
6- 7/6%
Note
5/15/77-C
2/15/74
9%
Note
5/31/77-1
5/27/75
6-3/4%
6-1/2%
7-1/2%
Note
Note
Note
5/31/77-1
6/30/77-J
7/31/77-K
5/27/75
6/30/75
7/31/75
f 8/15/70
7-3/4%
Note
8/15/77-B
[8/15/73
307
2,258
2,565
2,936
2,393
5,329
2,137
2,170
1,516
752
1,512
2,264
234
394
2,026
100.51
100.51
6.70
6.70
2/
101.00
101.00
8.59
8.59
2/
99.794
99.797
99.963
99.75
99.75
6.86
2/
6.61
7.52
7.80
7.80
Z/
Z/
Note
Bond
8/15/70-D
8/15/70
99.07
99.07
99.07
7.92
7.92
7.92
8-1/8% o Note
4%
Bond
8/15/73-B
8/15/73
7-3/4%
2/15/74-C
Note
5-5/8%
6-3/8%
4%
8/15/74-B
2/
2,654
8-1/4%
Note
8/31/77-L
8/29/75
2,021
99.998
8.25
1/
99.883
99.883
8.44
8.44
2/
99.909
99.737
99.737
7.55
7.85
7.85
2/
8-3/8
Note
7-1/2%
Note
10/31/77-N
10/31/75
7-3/4%
Note
11/15/77-E
11/15/74
3,193
33
3,226
3,156
1,059
2,570
11/30/77-Q
3/3/76
3,630
2*628
6-5/8%
Note
9/30/77-M
9/30/75
212
8-3/8
5-3/4%
Z/
99.957
6.62
Z/
99.945
99.945
7.52
7.52
Z/»
Note
12/31/77-P
12/31/75
2,553
2,765
1978
6-3/8%
8%
Note
Note
1/31/78-J
2/28/78-G
2/2/76
10/7/75
6.49
Z/
Note
3/31/78-K
3/31/76
99.788
99.786
99.982
99.982
8.10
6-3/4%
2,511
2,115
97
3,066
3,162
6.76
6.76
2/
8%
2/
6-1/2%
Note
4/30/78-L
5/17/76
300
99.801
99.801
6.61
6.61
2/
99.700
99.700
99.700
7.21
7.21
7.21
2/
99.768
99.768
7.94
7.94
2/
99.936
99.936
7.16
7.16
2/
99.789
99.789
6.99
6.99
2/
99.861
100.07
100.07
100.07
6.95
8.73
8.73
8.73
2/
99.717
99.717
7.70
7.70
2/
7-1/8%
Note
5/15/78-D
2/18/75
7-7/8%
Note
5/15/78-F
8/15/75
7-1/8%
Note
5/ 31/7 &-M
6/1/76
6-7/8%
Note
6/30/78-N
6/30/76
692
2,638
6-7/8%
Note
7/31/7&-P
7/30/76
3,331
2,855
343
8-3/4%
Note
8/15/78-C
5/15/74
1,880
7-5/8%
Note
Footnotes at end of table.
8/15/78-E
5/15/75
240
2,462
ir;3<50 ■
2,855
5,155
Note
11/15/74-A
7%
7-1/4%
2,274
2,574
578
118
3,264
3,960
1,372
3,051
4,423
82
2,485
2,567
9/30/75-G
12/31/75-H
Note
3/31/76-H
5/15/76-E
5-3/4%
5-3/4%
5-7/8%
-
Note
Note
5-7/8%
2/15/75-A
2/15/75-E
8/15/75-C
Note
5/31/76-M
6/30/76-1
8-3/4%
2/
7-1/4%
4-1/4%
Note
Bond
5/15/74-D
5/15/74
5/15/75-B
May 1977
41
.PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding O perations-Continued
Description of securities
1978
6-5/8%
6-1/4%
5-7/8%
Note
Note
Note
6%
8/31/78-Q
9/30/78-R
Date of
financing
8/31/76
9/30/76
Amount issued
(In millions)
Average price
per hundred
E ffective
in te re st
ra te
$54
2,895
2,949
326
$99,917
99.917
6.67%
6.67
2/
99.907
99.907
6.30
6.30
2/
99.842
99.842
5.96
5.96
6-1/2%
2/
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8%
7-3/4%
4-3/4%
6-3/4%
5%
3-7/8%
4%
99.795
99.795
5.86
5.86
7-1/8%
99.899
99.775
7-1/4%
99.775
8.14
5.37
5.37
99.824
99.867
99.867
99.867
5.97
7.05
7.05
7.05
2/
99.805
99.805
5.98
5.98
2/
99.96;
99.963
6.02
6.02
6-1/2%
2/
1,016
1,253
1,782
700
2,289
2,989
2,081
595
1,009
1,604
99.937
101.95
99.731
99.907
99.907
7.89
7.52
7.83
6.91
6.91
2/
2/
2/
99.840
99.40
99.40
8.54
6.73
6.73
2/
2/
220
2,021
100.88
100.88
6.82
6.82
2/
99.704
99.704
6.36
6.36
2/
100.00
7.51
2/
99.678
99.678
6.62
6.62
8%
2/
99.00
99.50
99.50
4.07
4.04
4.04
S eries F&5 savings bonds
7.54
2/
7.00
7-3/4%
4-3/4%
2,8
10/31/78-S
11/1/76
11/15/78-B
11/15/71
3,195
98
2,822
2,921
633
3,109
1,446
602
841
509
1,067
,207
5-3/4%
Note
11/30/78-T
11/30/76
136
8-1/8%
5-1/4%
Note
Note
12/31/78-H
12/31/78-U
10/22/75
12/31/76
2,805
2,941
2,517
252
3,124
3,376
1979
5-7/8%
7%
Note
Note
1/31/79-L
2/15/79-H
2/3/77
2,855p
2/17/76
368
1,232
2/28/79-M
2/28/77
3/31/79-N
3/31/77
/11/6/74
{ 1/7/75
7/9/75
8/16/76
3,092
4,692
150p
2,694p
2,845p
523p
2,995p
Eligible securities exchanged
8/31/76-L
5-7/8%
9/30/76-J
8-1/4%
10/31/76-0
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
Note
Note
Note
Note
Note
Bond
Bond
11/30/76-N
2/
2/
12/31/76-K
2/
2/
6-1/4%
5-7/8%
Note
Note
2/15/76-A
2/15/76-F
2/28/77-F
Note
3/31/77-G
-^ 1 8 g.,
7-7/8%
Note
5/15/79-D
7-3/4%
6-7/8%
Note
Note
8/15/79-J
6/30/79-E
8-1/2%
Note
9/30/79-F
9/4/75
6-5/8%
Note
11/15/79-B
2/15/73
7%
Note
11/15/79-C
11/15/73
6-1/4%
Note
11/15/79-K
11/15/76
7-1/2%
Note
12/31/79-G
1/6/76
Note
2/15/80-G
2/15/77
2,241
70
3,306
3,376
2,006
8/15/76-C
7-1/2%
2/
4-7/8%
2/15/73-D
4-1/2%
11/15/73
11/15/76-D
6-1/4%
1980
6-1/2%
l,300p
3,308p
4%
7-1/2%
Bond
Note
2/15/80 1/
3/31/80-C
f 1/23/59
^12/15/62
3/17/76
4,608p
884
34
34
2,069
2,636
6-7/8%
7-5/8%
9%
Note
Note
Note
Footnotes at end of table.
5/15/80-A
6/30/80-D
8/15/80-B
5/15/73
6/10/76
8/15/74
2,585
2,043
7,265
2,185
2,461
1,835
4,296
99.853
99.29
99.29
99.29
99.693
101.15
101.15
7.00
2/15/77-A
2/
2/
7.00
2/
7.71
8.75
8.75
2/
5-5/8%
2/
Note
Note
-
5/15/73-A
5/15/73-E
8/15/74-B
42
Treasury Bulletin
, PUBLIC DEBT OPERATIONS.
PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of se c u ritie s
1980
6-7/8$
5-7/8$
Date of
financing
9/30/80-E
12/31/80-F
9/14/76
12/7/76
%
2/15/81-A
2/15/74
7-3/8$
2/15/81-C 3 /
2/18/75
Note
Note
1981
7.49
7.49
5-3/4$
2/
Note
-
2/15/75-A
Note
Bond
_
8/15/71-F
8/15/71
Note
_
11/15/74-A
Note
_
5/15/75-B
101.25
99.641
7.70
7.08
2/
2/
100.60
99.699
100.00
100.00
6.34
6.19
8.00
8.00
2/
2/
6$
2/
7/9/76
5/15/72
1/6/77
5/15/75
2,543
505
2,697p
1,233
1,514
2,747
5/15/82-E
4/4/77
2,612p
99.889
7.02
2/
8/15/82-B
8/15/75
99.921
8.14
5-7/8$
Note
11/15/82-C
11/17/75
902
2,017
2;9l8
384
2,518
2,902
99.762
99.762
7.92
7.92
7$
2/
Note
11/15/83-B
11/15/76
50
2,259
2,309
99.891
99.891
7.02
7.02
6-1/4$
2/
Note
2/15/84-A
2/15/77
881p
2,Q24p
2,905p
15
252
221
133
164
535
265
457
268
41
2,353
100.00
100.00
7.25
7.25
8$
2/
Note
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5$
4$
2-1/2$
6$
2-1/2$
5-3/4$
3-7/8$
5-3/4$
5-7/8$
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
1,135
100.50
3.22
2/
98
487
187
58
36
268
58
24
1,216
*
5
360
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8$
7-3/4$
4-3/4$
6-3/4$
5$
3-7/8$
4$
£/
Note
Note
Note
Note
Note
Bond
Bond
101.00
101.00
101.00
4.19
4.19
4.19
4$
3-1/4$
Note
Note
8/15/84
5/15/85
11/15/86
Bond
99.453
99.453
5-3/4$
2/
L 3/19/75
10/12/76
1987
4-1/4$
_
7.82
7.82
11/15/81-G
6-1/8$
Note
Bond.
99.628
99.628
7$
1982
6-3/8$
1985
3-1/4$
1986
7-3/4$
4-1/8$
2/
949
1,766
2,715
1,762
j 11/15/74
Bond
6.95
6.95
6.95
2/
2/
2/
8-1/4$
4$
2/
11/15/81-B
6-3/8$
100.28
100.28
100.28
6.88
7.40
7.63
7.11
7.11
7.11
7-3/4$
1984
7-1/4$
25
302
1,515
1,842
400
1,768
2,168
99.968
99.892
99.951
99.20
99.20
99.20
8/15/71
1983
7$
2/
2/
2,808p
2,020
2,586
202
411
195
807
8/15/83
7-7/8$
6.93$
5.91
3/8/77
Bond
Note
Note
$99,799
99.867
2/
7$
7$
$2,141
2,692p
7.38
1/26/76
8-1/8$
8/15/87-92 1 /
8/15/72
6/3/58
11/15/71
8/15/62
...............
Footnotes at end of table.
E lig ib le se c u ritie s exchanged
99.980
3/31/81-H
5/15/81-D
8/15/81-F
2/15/821/
2/15/82-D
5/15/82-A
Effective
in te re s t
ra te
2,628
Note
Note
Note
Bond
Note
Average price
per hundred
<• 4/5/76
6-7/8$
7-3/8$
7-5/8$
6-1/8$
mount issued
In m illions)
Zl
-
-
_
2/15/74-C
2/15/74
8/15/75-C
11/15/75-D
_
_
_
_
_
_
-
_
_
_
-
_
-
11/15/76-D
2/15/77-A
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
8/15/62-B
8/15/62-G
43
May 1977
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Oilier than Advance Refunding Operations—Continued
Date of
financing
Description of se cu rities
1988
4%
Bond
2/15/88-93
1/17/63
r 8/15/73
7-1/2%
Bond
8/15/88-93
( 11/15/73
2/15/74
1989
4-1/8%
1990
8-1/4%
1993
6-3/4%
7%
$252
93
333
500
925
136
302
438
10
240
301
Average price
per hundred
E ffective
in te re st
ra te
$99.85
95.05
95.05
95.05
4.01
8.00
8.00
8.00
2/
8-1/8%
4%
2/
100.14
100.14
7.78
7.78
4-1/8%
2/
Bond
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4%
4-1/8%
2/
Note
Bond
100.55
4.09
2/
99.455
8.31
2/
E lig ib le se c u ritie s exchanged
Note
Bond
-
8/15/73-B
8/15/73
11/15/73
-
2/15/74-C
2/15/74
551
Bond
5/15/89-94
4/18/63
300
Bond
5/15/90
4/7/75
1,247
627
40
652
692
99.50
98.75
98.75
6.79
7.11
7.11
2/
7-3/4%
2/
5/15/74
279
309
588
102.85
102.85
8.21
8.21
4-1/4%
2/
Bond
5/15/74
8/15/74
400
885
196
142
603
941
150
752
98.70
98.70
8.46
8.46
5-5/8%
2/
Note
8/15/74-B
103.04
103.04
103.04
8.37
8.37
8.37
5-3/4%
3-7/8%
2/
Note
Bond
99.191
99.191
7.95
7.95
5-3/4%
2/
Note
2/15/75-A
5/15/76-B
Bond
2/15/93
1/10/73
Bond
5/15/93-98
5/17/76
1994
8-1/2%
Amount issued
(In m illions)
Bond
5/15/94-99
11/15/74
1995
2/18/75
Note
_
-
5/15/73-A
11/15/74-A
11/15/74
.202..
7-7/8%
8-3/8%
Bond
Bond
2/15/95-00
8/15/95-00
\ 5/17/76
117
750
96.73
96.73
8.19
8.19
6-1/2%
2/
Note
^11/15/76
l,001p
- 8/15/75
100.79
99.327
99.327
7.80
313
801
1,114
150
8.44
8.44
2/
5-7/8%
2/
Note
101.50
101.50
8.33
8.33
7%
2/
Note
(
11/17/75
Bond
8/15/96-01
99.893
99.893
99.893
8.02
8.02
8.02
7-1/2%
6-1/2%
2/
Note
Note
-
8/15/76-C
8/15/76-G
5/15/75
220
630
99.450
99.450
99.450
8.30
8.30
8.30
5-7/8%
Note
Note
-
5/15/75-F
5/15/75-B
2/17/76
1,604
215
402
754
Bond
5/15/00-05
2002
7-5/8%
11/15/75-D
342
250
983
1,575
8/16/76
2000
8-1/4%
8/15/75-C
1,151
1996
8%
1,001
_
Bond
2/15/02-07
2/15/77
1 / Additional issue.
2 / Issued for cash.
2 / Treasury Notes, 7-3/8% Series C-1981 and 7-3/8% Series E-1981
391p
753p
l,144p
101.75
101.75
99.941
99.941
8.09
8.09
7.63
7.63
2/
6-1/4%
2/
8%
2/
consolidated effectiv e Sept. 1, 1976.
Less than $500,000.
Preliminary.
Note
Note
2/15/76-A
_
2/15/77-A
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
T able P D O - 6 . - Allotments by Investor Classes on Subscriptions for Public M a r ke t ab l e Securities
Part A. - Other than Bills
1/
(In m illions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
8/15/70
8/17/70
11/15/70
11/16/70
2/15/71
5/15/71
6/29/71
8/15/71
8/16/71
9/8/71
10/22/71
11/15/71
2/15/72
4/3/72
5/15/72
8/15/72
10/19/72
11/15/72
12/28/72
l/LO/73
2/15/73
5/15/73
8/15/73
9/4/73
11/15/73
2/15/74
4/9/74
Description of se cu rities
7-3/4%
I 7-3/4%
7-1/2%
J 7-1/4%
{ 7-1/2%
6-3/4%
f 5-7/8%
16-1/4%
/5%
\^5-3/4%
6%
f 7%
^7%
6-1/2%
6-1/4%
5-7/8%
f4-7/8%
j 6%
V6-1/8%
f 5-3/4%
6-3/8%
5-7/8%
4-3/4%
\ 6-3/8%
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Bond
Note
Bond
Note
Note
Bond
7/8% Note
{ 6-1/4% Note
\ 6-3/8% Bond
6%
Note
6-1/4% Note
5-7/8% Note
6-3/4% Bond
6-1/2% Note
j6-5/8% Note
J6-7/8% Note
y7% Bond
f7-3/4% Note
\ 7-1/2% Bond
8-3/8% Note
f7%
Note
j 7%
Note
n7-1/2% Bond
f6-7/8% Note
(7%
Note
'*7-1/2% Bond
8%
Note
f
(5-
f
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C
5/15/72-D
8/15/75-C
2/15/78-A
8/15/72-E
11/15/74-A
11/15/72-F
11/15/75-D
8/15/81
2/15/73-C
11/15/76-D
2/15/75-E
11/15/73-D
11/15/78-B
11/15/86
5/15/76-E
2/15/82
5/15/75-F
5/15/73-E
2/15/82
2/15/76-F
8/15/79-A
8/15/84
9/30/74-E
11/15/76-D
12/31/74-F
2/15/93
8/15/76-G
- 11/15/79-B
5/15/80-A
- 5/15/93-98
8/15/77-B
- 8/15/88-93
9/30/75-G
- 12/31/75-H
-
8/15/74
9/30/74
11/6 /74
11/15/74
12/31/74
1/7/75
1/9/75
2/18/75
_
3,190
8/
2,037
-
8/
8/
8/
_
2,285
195
2,514
1,283
2,045
2,768
24
_
66
1,776
1,279
505
_
41
2,060
-
2,319
2,722
1,457
1,046
4,945
4,559
40
628
425
220
220
136
307
327
250
140
630
665
61
220
220
1,003
1,366
136
83
307
327
250
35
1,519
1,094
173
1,016
656
583
1,224
1,315
279
2,461
2,936
106
619
486
129
1,174
581
1,371
913
248
1,195
855
593
2,054
1,061
276
8/15/78-C
1,879
5/15/94-99
8/15/80-B
309
1,835
2,393
279
2,461
2,936
Footnotes at end of table
9/30/76-J
5/15/79-D
11/15/77-E
11/15/81-B
5/15/94-99 8 /
12/31/76-K
5/15/79-D 8 /
3/31/76-H 8 /
5/15/78-D
2/15/81-C
2/15/95-00
1,818
1,016
2,571
1,766
603
2,205
1,253
756
3,263
1,768
752
1,606
512
1,990
2,230
2,062
595
5,275
656
583
400
2,557
595
5,221
2,048
5/15/77-D
5/15/94-99 8/
1,437
1,833
1,566
3,197
296
1,446
777
1,605
1,231
353
3,883
6/30/76-1
-
592
351
1,500
2,915
673
420
554
2,514
1,028
1,929
967
1,664
2,481
3,033
1,593
3,586
3,122
1,351
1,257
2,071
1,542
112
2,036
1,046
1,180
105
1,392
2,312
-
- 11/15/79-C
- 8/15/88-93 8 /
- 5/15/77-C
- 2/15/81-A
- 8/15/88-93 8 /
- 3/31/76-H
8/
150
479
190
838
811
7,679
8,389
3,452
3,231
3,115
613
1,500
8,207
1,192
2,802
2,131
2,514
-
3,041
2,102
627
_
1,009
2,043
652
2,026
500
2,042
1,511
2,021
302
2,258
1,515
301
1,532
r8-3/4% Note 5/15/74 ( 8-3/4% Note k 8-1/2% Band
f9% Note
< 9%
Note
(8-1/2% Bond
8-1/4% Note
7-7/8% Note
(7-3/4% Note
<7-3/4% Note
(8-1/2% Bond
7-1/4% Note
7-7/8% Note
8%
Note
[7-1/8% Note
<7-3/8% Note
(7-7/8% Bond
For
cash
In
exchange
for
other
securi
ti e s
3,139
2,264
190
4,505
2,511
U.S. Gov
ernment
Indi
accounts Commer vidu
c ia l
and
banks
als
Federal
U
Reserve 2/
banks 2/
-
486
205
1,059
949
338
77
697
400
150
205
1,059
949
338
77
697
400
150
291
1,878
556
1,320
102
1,438
83
1,097
821
166
74
656
292
94
119
235
431
138
246
19
130
210
57
15
9
15
240
31
85
221
15
Insur
ance
compa
nies
38
29
13
44
24
2
77
116
22
36
2
59
8
2
2
1
1
47
6
15
23
79
1
*
*
84
166
68
89
82
9
24
6
40
71
23
28
1
2
*
6
29
16
*
111
3
14
183
34
188
1
8
27
1
41
25
18
7
10
46
21
11
2
8
2
1
10
Mutual
Corpo
sav
ratio n s
ings
banks 1 /
38
22
43
37
10
4
34
90
13
26
3
35
9
5
1
1
4
33
1
26
29
4
*
*
33
44
7
1
3
3
6
5
*
2
*
4
6
_
*
1
7
62
35
78
61
40
11
91
98
30
38
8
37
8
36
5
35
52
51
4
36
27
24
4
1
202
43
23
3
31
1
42
59
Private
pension
and r e
tirement
funds
6
20
18
13
7
3
22
133
13
26
2
9
2
2
1
1
1
19
2
5
21
1
*
*
3
24
31
*
2
*
2
17
S tate and lo cal
governments 6 /
Dealers
Pension
and
and r e
Other
brokers
tire
funds
ment
funds
2
335
167
6
47
513
110
269
3
4
193
343
2
22
392
*
198
4
8
260
714
496
123
631
177
3
93
263
4
93
68
2
*
405
3
94
2
6
76
52
272
*
*
21
125
1
46
14
_
992
53
1,150
235
9
2
185
3
558
1
85
26
296
46
70
1
1
*
10
2
1
125
*
2
703
79
6
100
275
7
405
33
*
*
15
*
2
440
1
*
1
214
*
68
273
*
21
296
400
26
1
8
11
346
1
16
309
6
1
56
*
7
644
1
49
*
6
39
41
28
9
1
1
2
7
73
8
6
*
*
2
1
59
1
9
8
14
136
4
38
22
4
23
*
*
20
312
14
*
*
98
473
370
103
3
11
16
165
288
5
5
21
1
4
*
10
11
13
96
51
367
*
*
15
'*
154
263
270
68
480
19
10
8
10
10
8
7
1
2
13
3
38
14
10
7
816
16
11
5
14
*
21
*
5
1
8
4
23
3
3
*
*
*
*
1
6
1
*
27
12
29
9
18
39
10
3
72
94
11
*
1
5
4
2
7
*
1
11
23
13
10
*
1
4
2
1
10
29
1
3
14
7
204
164
191
144
30
62
27
63
156
64
23
12
8
7
*
10
6
13
2
10
27
6
13
9
1
1
*
1
447
56
224
336
232
647
673
294
676
350
93
578
484
356
All
other
1/
248
72
325
205
77
104
334
424
135
196
111
209
24
52
67
104
84
311
13
117
121
54
26
10
186
769
45
41
202
29
2
104
112
71
30
23
23
22
47
16
35
151
6
9
100
202
125
56
300
636
5
29
5
286
9
3
223
11
2
340
17
42
May 1977
45
PUBLIC DEBT OPERATIONS
Table PDO-6 - Allotments by
Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/— Continued
(In m illions of d ollars)
Allotments by investor
Issues
Date of
fin an c
ing
Description of se cu rities
8/29/75
9/4/75
9/30/75
10/7/75
10/22/75
10/31/75
r 6%
(5-7/8%
7-3/4%
6%
6-1/2%
8-1/4%
7-1/8%
7-3/8%
f 7-5/8%
/ 8%
(8-1/4%
6-3/4%
6-1/2%
6-1/2%
7-3/4%
7-1/2%
f 7-7/8%
/ 8-1/8%
V8-3/8%
8-1/4%
8-1/2%
8-3/8%
8%
8-1/8%
7-1/2%
11/17/75
fj-7/8%
-V-V
3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/30/75
5/15/75
5/27/75
6/6/75
6/30/75
7/9/75
7/31/75
8/15/75
12/31/75
1/6/76
1/26/76
2/2/76
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
\8-3/8%
7-1/4%
7-1/2%
7-3/8%
6-3/8%
f 7%
< 8%
(8-1/4%
6-5/8%
7-1/2%
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Bond
Note
Note
6-3/4%
7-3/8%
f -1/2%
6
/ 7-7/8%
1 7-7/8%
Note
Note
Note
Note
Bond
- 2/28/77-F
8/31/76-L
- 11/15/81-B 8 /
5/31/76-M
3/31/77-G
5/15/90
- 11/30/76-N
4/30/77-H
8/15/78-E
5/15/82-A
- 5/15/00-05
5/31/77-1
- 10/31/76-0
6/30/77-J
6/30/79-E
7/31/77-K
5/15/78-F
8/15/82-B
- 8/15/95-00
8/31/77-L
9/30/79-F
9/30/77-M
- 2/28/78-G
- 12/31/78-H
- 10/31/77-N
- 11/15/82-C
- 8/15/95-00 8 /
- 12/31/77-P
- 12/31/79-G
5/15/81-D
1/31/78-J
2/15/79-H
2/15/83-A
- 5/15/00-05 8 /
- 11/30/77-Q
3/31/80-C
3/31/78-K
2/15/81-C
- 4/30/78-L
5/15/86-A
- 2/15/95-00 8 /
7-1/8% Note 7-5/8% Note 6-7/8% Note 7-5/8% Note 6-7/8% Note -
5/31/78- m
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
r6-7/8% Note - 8/15/79-J
Note - 8/15/86-B
8/16/76 ( 8%
V.8%
Bond - 8/15/96-01
6-5/8% Note - 8/3I/78-Q
8/31/76
6-7/8% Note - 9/30/80-E
9/14/76
9/30/76
10/12/76
6-1/4% Note 7%
Note -
Footnotes at end of table.
9/30/78-R
11/15/81-G
Amount issued
In
exchange
For
for
cash
other
securi
t ie s
1,665
1,662
1,762
1,580
2,576
1,247
1,507
1,579
2,855
1,514
754
2,137
1,579
2,170
1,782
1,516
3,051
2,016
801
2,021
2,081
3,193
2,115
2,517
3,156
2,518
1,001
2,553
2,006
2,020
2,511
3,092
6,019
402
2,628
2,069
3,065
2,628
2,274
4,747
751
2,485
2,185
2,639
2,586
2,855
_
2,300
1,233
850
1,372
902
313
33
384
150
212
1,600
1,939
215
97
300
472
117
82
692
-
U.S. Gov
ernment
accounts Commer
and
c ia l
Federal banks
Reserve 2/
banks 2 /
269
2,300
1,234
850
162
1,372
902
313
10
33
5
384
150
212
189
1,600
1,939
215
97
300
472
117
82
692
-
945
910
879
1,018
1,296
266
773
830
1,465
691
251
1,187
824
1,156
961
436
1,819
847
217
1,188
1,046
1,783
974
1,400
1,693
1,144
217
1,610
1,010
1,121
1,252
1,675
1,761
91
1,508
1,030
1,684
1,198
1,246
1,894
166
1,329
1,116
1,415
1,161
1,663
Indi
vidu
als
U
69
36
77
33
92
23
30
72
195
118
37
123
51
53
47
65
I 84
85
18
104
150
511
559
130
250
93
19
147
77
25
52
122
2,285
8
61
162
152
119
126
1,141
12
68
178
134
94
59
2,289
700
'700
1,137
180
8,039
983
1,476
1,476
3,548
592
54
-
592
54
2,356
346
2,895
2,141
2,869
2,543
326
326
-
-
1,219
29
85
909
1,629
1,356
121
65
88
classes
S tate and lo cal
governments 6 /
Private
Dealers
Insur Mutual Corpo pension
Pension
and
ance
sav
ratio n s and r e
compa ings
and
r
e
brokers
tirement t i r e
Other
nies
banks 5 /
funds
funds
ment
funds
*
20
2
27
9
4
414
1
16
11
3
9
489
4
*
8
16
1
720
9
3
*
1
6
1
7
290
13
28
11
7
17
15
677
3
*
20
37
676
43
89
25
8
1
486
3
34
16
8
518
5
3
3
24
61
2
6
960
13
31
9
7
7
52
604
9
4
3
6
1
1
50
51
7
344
6
8
13
53
3
19
563
1
22
2
8
9
17
513
2
111
1
10
5
16
545
6
17
42
642
7
5
13
1
12
25
5
5
772
3
38
16
6
20
13
83
599
22
86
37
34
29
14
793
1
5
466
46
15
19
4
32
1
6
246
4
34
3
21
16
23
16
42
25
448
15
21
386
39
65
134
3
8
13
79
33
3
4
343
*
6
1
6
53
3
723
11
1
15
2
127
716
13
6
19
37
64
29
79
1,037
2
12
11
1
19
19
697
1
22
15
25
93
13
445
*
11
32
11
11
666
13
17
36
11
35
12
12
650
11
2
55
2
8
5
595
21
2
19
46
29
49
815
101
300
117
496
26
36
89
*
10
250
9
34
32
5
36
2
7
568
15
11
25
40
52
5
7
648
22
121
9
5
5
561
4
26
32
38
2
17
852
23
17
26
8
2
358
23
14
122
407
82
346
214
44
39
2
1
6
40
19
3
469
*
158
506
42
5
3
13
*
16
10
588
32
19
31
632
78
8
1
6
12
19
101
22
18
7
1,038
4
13
*
12
20
24
748
4
24
18
7
117
17
494'
14
179
126
39
672
168
71
344
479
12
5
22
40
3
13
*
35
116
7
673
2
62
770
12
20
26
12
3
33
18
1
5
471
70
11
7
24
44
44
21
14
7
829
All
other
1/
175
183
49
211
161
68
172
100
113
18
6
162
132
109
42
192
273
69
10
393
294
236
94
195
328
10
4
182
175
101
340
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
235
592
116
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
1/— Continued
(In m illions of dollars)
Allotments by investor classes
Date of
financ
ing
11/1/76
11/15/76
11/30/76
12/7/76
12/31/76
1/6/77
2/3/77
2A5/77
2/28/77
3/8/77
3/31/77
4/4/77
Description of se c u ritie s
10/31/78-S
11/15/79-K
11/15/83-B
2/15/95-00 8 /
^7-7/8$ Bond
11/30/78-T
5-3/4$ Note
5-7/8$ Note • 12/31/80-F
5-1/4$ Note ■ 12/31/78-U
2/L5/82-D
6-1/8$ Note •
1/31/79-L
5-7/8$ Note
2/15/80-G
6-1/2$ Note 2/15/84-A
( 7-1/4$ Note ■
r 7-5/8$ Bond - 2/15/02-07
5-7/8$ Note ■ 2/28/79-M
3/31/81-H
6-7/8$ Note •
3/31/79-N
6$
Note 5/15/82-E
7$
Note 5-7/8$ Note
(6-1/4$ Note
\7$ Note
f
>o>\
Amount issued
In
exchange
For
for
cash
other
securi
t ie s
2,823
3,306
2,259
70
50
U.S. Gov
ernment
accounts Commer
and
c ia l
Federal banks
Reserve y
banks 2 /
98
70
50
1,001
2,805
2,692
3,124
2,697
2,855
3,308
2,024
752
2,695
2,809
2,996
2,613
136
136
252
252
1,300
1,300
881
391
150
881
391
150
523
523
U
1,307
1,227
46
67
906
140
313
1,176
1,234
31
34
43
37
51
40r
1,168
l,350r
l,1 4 0 r 5 /
1,704
981r
138
1,001
1,274
1,247
1,376
Source:
T' •
on subscription and allotment rep o rts. For d e ta il of
offerings see Table PDO-4.
1 / Excludes 1-1/2$ Treasury notes issued in exchange to holders of non
marketable 2-3/4$ Treasury bonds. Investment Series B-1975-80.
g / Includes tr u s t funds and accounts th a t comprise Government accounts
under the unified budget concept.
Includes tr u s t companies and stock savings banks.
4/ Includes partnerships and personal tr u s t accounts.
5 / Exclusive of banks and insurance companies.
2/
Indi
vidu
als
100
128r
51
34
70
72
83
Insur
ance
compa
nies
5
11
22
4
9
3
6
23
8
33
34
23
8
10
5
9
ings
banks
15
13
16
5
15
18
14
74
16
40
13
6
17
17
16
28
Corpo
ratio n s
5/
54
26
58
24
51
33
43
72
29
116
83r
43
37
154
71
90
S tate and lo cal
Private
governments 6 /
pension
and r e Pension
tir e
and r e
Other
tire
ment
funds
ment
funds
funds
5
7
16
23
9
3
2
20
13
44
104r
23
5
10
4
6
5
3
41
6
44
16
35
1
8
4
4
46
9
44
2
1
Dealers
and
brokers
775
1,025
800
589
953
861
1,035
668r
899
863
640
440
804
616
562
609
All
other
1/
587
923
286
8
552491
816
396r
687r
355
22r
8
782
618
1,010
370
6 / Consists of tr u s t, sinking, and investment funds of lOau
1 ■* *
governments and th e ir agencies.
Includes savings and loan associations, nonprofit in s titu tio n s , and
investments of foreign balances and internatio n al accounts in th is
country. Also included are certain Government deposit accounts and
Government-sponsored agenc ie s .
8 / Reopening of e a rlie r issue.
* Less than $500,000.
r Revised.
2/
47
May 1977
____ _____________________ PUBLIC DEBT OPERATIONS____________ ;______________
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular W ee k ly Series
(In m illions of d o llars)
Total amount issued
.............................
Date of
financing
Date of
m aturity
Average
rate
One-year
series
9-month
series 1/
Tax an tic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
f 4/30/73
\ 7/31/73
[ 5/31/73
\ 8/28/73
T 6/30/73
L 9/25/73
f 7/31/73
^10/23/73
4.723
4.918
5.040
5.178
5.346
5.529
5.223
5.318
12/18/73
1/15/74
2/12/74
3/4/74
3/12/74
3/29/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/7/74
8/27/74
9/24/74
10/22/74
11/4/74
4/20/73
11/20/73
6/22/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
9/19/73
8/27/74
9/24/74
7/30/74
10/22/74
4/19/74
11/19/74
f 4/19/74
^ 6/21/74
12/17/74
1/14/75
2/11/75
4/19/74
3/11/75
6/21/74
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
9/20/74
8/26/75
9/23/75
10/21/75
6/19/75
11/19/74
12/3/74
12/5/74
12/17/74
1/14/75
2/11/75
3/H /75
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
8/26/75
9/23/75
10/21/75
11/18/75
12/16/75
1/13/76
2/10/76
1/1/76
11/18/75
4A6/75
6/17/75
12/16/75
1/13/76
2/10/76
3/9/76
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
2/8/77
3/8/77
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
6.880
6.948
6.342
7.452
6.897
8.306
7.887
8.422
8.249
8.256
7.836
9.652
9.564
8.341
7.629
7.933
7^362
7.426
7.520
6.625
6.378
5.313
5.637
6.474
6.400
5.803
6.292
6.782
7.331
7.340
6.600
7/31/72
8/31/72
9/30/72
10/31/72
11/24/72
11/30/72
12/5/72
12/31/72
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73.
8/15/73
8/28/73
9/25/73
10/9/73
10/23/73
11/1/73
11/20/73
11/30/73
Footnotes at end of table.
6.010
6.440
5.578
5.572
6.010
500
75
627
73
194
140
654
125
578
1,201
501
1,803
500
1,801
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
501
1,802
2,012
1,802
135
26
187
47
116
140
30
86
73
499
g
455
1
177
222
138
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
2
215
3
315
346
305
208
135
1
150
145
111
114
1,803
1,803
2,003
435
727
706
-
431
524
891
21
7
10
1
2,'002
653
659
803
703
356
506
676
610
388
599
495
555
289
808
1,085
1,080
4
35
9
8
27
28
1
37
54
79
10
10
82
36
147
381
1,373
331
361
436
582
495
629
709
640
809
925
1,027
501
718
305
40
213
439
326
241
279
515
389
590
522
429
591
515
422
1,152
979
717
891
1,083
19
12
47
99
6
735
628
943
786
971
631
844
556
567
250
421
639
1,801
600
1,803
1,802
1,802
808
728
871
615
_
-
1,516 2 /
_
1,801
2,251
1,256
173
337
165
608
135
408
160
632
669
567
642
759
536
_
1,805
1,802
1,804 6/
1,802
1,002 5/
2,000
1,501 7 /
All
other 4/
1,801
1,802
1,802
1,802
1,806
728
747
745
760
715
500
625
727
2,007
1,502
10
12
*
1
*
5
*
2
Dealers
and
brokers
584
548
45
400
20
179
185
170
430
173
259
10
200
20
414
344
444
381
489
63
336
493
652
495
_
2,017
2,523 5 /
107
199
76
953
109
594
186
504
Corpo
rations
i/
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392
539
400
442
631
609
2,510
1,800
1,804
1,801
1,790
1,802
1,800
1,801
1,802
Commer
c ia l
banks
757
_
_
_
2,001
2,001
2,103
2,102
2,205
2,435
2,404
2,591
2,293
2,893
2,860
3,062
3,245
3,253
3,069
2,930
3,105
837
706
576
717
636
684
600
695
640
385
723
695
708
790
806
587
795
75
4
2
4
3
17
1
6
5
2
5
5
40
1
_
10
-
1
*
26
_
11
_
11
6
11
12
15
585
313
382
474
135
255
544
276
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series— Continued
(In m illions of dollars)
Total amount issued
Date of
financing
Date of
m aturity
Average
ra te
One-year
series
Tax a n tic
9-month
se ries 1 / ipation
series
Allotments by investor classes
52-week
se ries
(Percent)
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
2/8/77
3/8/77
4/5/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/31/77
1/10/78
2/7/78
3/7/78
4/4/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4 708
4.728
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
5,344
5 226
5.158
3,105
3,208
Source:
Based on subscription and allotment rep o rts. For d e ta il of
offerings see Table PD0-4.
Reopening
of one-year se rie s.
1/
2 / Includes t r u s t funds and accounts th a t comprise Government accounts
under the unified budget concept.
2 / Exclusive of banks and insurance companies.
3,342
4/
2/
K/
2
*
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2 /
Commer
c ia l
banks
Corpo
ratio n s
Dealers
and
brokers
All
other 4/
2/
509
718
441
796
748
597
802
859
777
881
855
1,447
1,435
782
332
841
1,042
455
932
545
646
956
154
70
60
2
40
27
12
17
87
54
40
395
528
1,137
1,095
1,034
951
1,356
802
1,425
1,010
513
698
584
501
387
314
336
292
485
568
914
707
691
899
1,070
199
9
11
786
739
530
406
1,134
951
984
760
486
Included with a l l other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
Reopening of e a r lie r issue.
42-week issue.
Special issue.
Less than $500,000.
May 1977
49
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular W e ekly Treasury Bills
_____________ ___________ (Dollar amounts in m illions)
Disposition offers
Called or maturing se c u ritie s 1 /
by Treasury
Amount
Exchange
Cash
Issue
out
Description
security
r e ti r e
date
standing
offered
ment
Date ef
refunding
or r e t i r e
ment
7/31/73
A . 918# B ill
\ 5.223# B ill
8/15/73
I8-3/8#
7/31/73
7/31/73
7/31/72
7/31/72
1,201
501
l,2 0 fl
50l)
Note
4# Bond
8 /15/73-B
8/15/73
2/15/70
9/15/63
1,839
3,894
1,514\
3,166|
8/28/73
5.178# B ill
8/28/73
8/31/72
1,803
1,803
9/19/73
9.803# B ill
9/19/73
8/15/73
2,017
2,017 2 /
9/25/73
5.529# B ill
9/25/73
9/30/72
1,801
1,801
Note
B ill
Bond
B ill
B ill
10/1/73-E0
10/23/73
11/15/73
U/20/73
12/18/73
10/1/68
10/31/72
7/22/64
12/31/72
30
1,802
4,336
1,802
1,800
30
1,802
3,760
1,802
1,800
1A5/74
5.986# B ill
1/15/74
1/31/73
1,804
1,804
2A2/74
6.050# B ill
r 7-3/4# Note
V 4-1/8# Bond
2/12/74
2/15/74-C
2/15/74
2/28/73
8/15/70
1/15/65
1,801
2,960
2,466
1,801
2,621
1,902
3/12/74
4/1/74-EA
4/9/74
4/19/74
4A9/74
4/19/74
5/7/74
3/31/73
4/1/69
4/30/73
11/1/73
llA /7 3
11/1/73
5/31/73
1,790
34
1,802
2,007
1,002
1,516
1,800
1,790
34
1,802
2,00ft
1,002 2/
1,51$/
1,800
5/15/74-D
5/15/74
11/15/70
5/15/64
4,334
2,847
3,335
2,328
I.
10/1/73
10/23/73
11/15/73
12/18/
2/15/74
3/12/74
4/1/74
4/9/74
4A9/74
5/7/74
5/15/74
6/4/74
6/21/74
7/2/74
1-1/2#
5.318#
4-1/8#
5.225#
5.337#
6.616#
1-1/2#
6.598#
f 6.765#
( 7.830#
1^7.452#
6.818#
B ill
Note
B ill
B ill
B ill
B ill
B ill
f 7-1/4# Note
t 4-1/4# Bond
-
-
7.235# B ill
6/4/74
6/30/73
1,801
1,801
f 7.790# B ill
1 8.306# B ill
8.392# B ill
6/21/74
6/21/74
7/2/74
11/30/73
11/30/73
7/31/73
2,000
2,523
1,802
2,00d\
2,52^/2/
1,802
7/30/74
7.702# B ill
8/15/74
5-5/8# Note
8/27/74
7/30/74
10/9/73
1,804
1,804
8/15/74-B
8/15/68
10/284
4,401
8.387# B ill
8/27/74
8/28/73
1,804
1,804
9/20/74
9.652# B ill
9/20/74
8/7/74
1,526
1,526 2 /
9/24/74
8.057# B ill
9/30/74
$#
Note
•
9/24/74
9/25/73
1,802
1,802
■ 9/30/74-E
10/19/72
2,060
1,855
Results of ex
change offers
Exchanged
325 4 /
728 5 /
576 6 /
j
342 £ /
542 8 /
999 2 /
519 10/
5,883 i y
205 12/
10/22/74
7.132# B ill
10/22/74
10/23/73
1,802
1,802
11/15/74
5-3/4# Note
3-7/8# Bond
11/15/74-A
11A5/74
11/15/67
12/2/57
5,442
1,213
3,238
1,071
2,204 12/
■ 12/19/74
12/17/74
12/31/74-F
1/L4/75
2/15/75-A
2/15/75-E
11/20/73
12/18/73
12/28/72
1A5/74
1,801
1,803
2,102
1,802
77 l i /
2/L5/68
4,015
1,222
1,801
1,803
2,025
1,802
2,886
1, 104
13/19/74
12/17/74
12/31/74
IA4/75
2/15/75
2/11/75
3/11/75
f
7.708#
6.880#
5-7/8#
6.948#
5-3/4#
5-7/8#
(
B ill
B ill
Note
B ill
Note
Note
6.342# B ill
6.897# B ill
i B ill
; Note
VS/75
7.887# B ill
4/16/75
7.426# B ill
5/6/75
8.442# B ill
Footnotes a t end of tab le.
W2
2/11/75
3/11/75
3/31/75-FFB
4/1/75-EA
4/8/75
4/16/75
5/6/75
10/22/71
2/12/74
3/12/74
4/
4/9/74
12/3/74
5/7/74
1,802
1,802
1,801
1,S 0|
1,801
1,501
8
1,801
2,2512/
1.802
1,801
2,251
a. 802
142 14/
1,129 1£>/
118 17/
Turned
in for
cash 2 /
Description of new
se c u ritie s offered
(See also Table PD0-4)
50
Treasury Bulletin
______________ PUBLIC DEBT OPERATIONS_______________
Tab le P D O - 7 . - Disposition of Public M a r k e t a b l e Securities
O t h e r t h a n Regular W e e k l y T r e a s u r y Bills— C o n t i n u e d
Called or maturing se c u ritie s 1 /
Date of
refunding
or r e t i r e
ment
5/15/75
6/3/75
6/17/75
6/30/75
7/1/75
7/29/75
8/15/75
8/26/75
8/26/75
9/18/75
9/23/75
9/25/75
9/30/75
10/1/75
Issue
date
Description
,
(
6%
Note
5-7/8% Note
8.249% B ill
7.520% B ill
9.767% B ill
8.256%
7.836%
5-7/8%
6.280%
B ill
B ill
Note
B ill
-
-
5/15/75-B
5/15/75-F
6/3/75
6/17/75
6/30/75
7/1/75
7/29/75
8/15/75-C
8/26/75
9.564% B ill
8/26/75
6.175% B ill
9/18/75
9/23/75
8.341% B ill
6.156% B ill
9/25/75
9/30/75-E
8-3/8% Note
1-1/2% Note - 10/1/75-E0
5/15/68
4/3/72
6/4/74
12/5/74
9/4/74
7/2/74
7/30/74
2/15/71
8/8/75
8/27/74
9/5/75
9/24/74
9/5/75
8/24/73
10/1/70
(Dollar amounts in m illions)
Disposition o ffers
by Treasury
Amount
Exchange
Cash
out
security
re tire
standing
offered
ment
6,760
1,776
1,802
A*??.6
2",003
1,802
1,806
2,597
1,576
1,802
1,256 2 /
2,003
7,679
1,000
1,802
1,806
5,092
1,000
1,803
1,803
849
1,803
700
2,010
30
2,003
2,581
B ill
Note
B ill
B ill
B ill
B ill
Note
30/23/75
- 11/15/75-D
10/22/74
8/15/71
12/16/75
12/18/75
12/26/75
12/31/75
7.629%
7%
7.362%
6.625%
5.220%
5.140%
7%
849
1,803
700
2,043
30
2,003
3,315
-
11/18/75
12/16/75
12/18/75
12/26/75
12/ 31/ 7 5-H
1/13/76
1/31/76
2/10/76
2/15/76
2/15/76
6.378%
6.560%
5.313%
6-1/4%
5-7/8%
B ill
B ill
B ill
Note
Note
-
1/33/76
3/31/76
2/10/76
2/15/76-A
2/15/76-F
11/19/74
12/17/74
12/8/75
12/8/75
11/15/73
1/14/75
4/14/75
2/13/75
2/15/69
8/15/72
2,002
2,001
602
* 601
1,731
2,001
1,586
2,103
3,739
4,945
2,002
2,001
602
601
1,519
2,001
1,586
2,103
1,165
3,733
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
5.637% B ill 8%
Note 1-1/2% Note 6.474% B ill -
3/9/76
3/31/76-H
4/ L/76-EA
4/6/76
3/11/75
4/9/74
4/1/71
4/8/75
2,102
2,288
27
2,205
2,102
2,191
27
2,205
5.823%
4.834%
6.400%
6-1/2%
5-3/4%
6%
5.803%
4/22/76
4/22/76
5/4/76
5/] 5/76-B
5/15/76 -E
5/31/76-M
6/L/76
12/5/75
4/8/76
5/6/75
5/15/69
2/15/72
3/25/72
6/3/76
2,002
2,002
2,503
2,435
2,697
2,802
1,580
2,404
2,591
2,703
2,293
4,194
3,883
2,893
1,662
2,503
2,435
2,336
2,274
1,498
2,404
10/21/75
13/15/75
11/18/75
6/29/76
6/30/76
7/27/76
8/15/76
8/15/76
8/24/76
8/31/76
9/21/76
9/30/76
10/1/76
10/19/76
10/31/76
11/15/76
11/15/76
11/30/76
12/14/76
12/31/76
1/11/77
B ill B ill B ill Note Note Note B ill -
6.292% B ill
8-3/4% Note
6.782% B ill
7-1/2% Note
6-1/2% Note
7.331% B ill
5-7/8% Note
7.340% B ill
8-1/4% Note
1-1/2% Note
6.600% B ill
6-1/2% Note
-
6/29/76
7/1/75
6/30/76-1
5/15/74
7/27/76
7/29/75
8/35/76-C
10/1/69
8/35/76-G
2/15/73
8/24/76
8/26/75
8/31/76-L
3/3/75
9/21/76
9/23/75
9/ 30/ 76- J
9/30/74
10/l/76-E0 10/1/71
10/19/76
IO/21/75
- 10/31/76-0
6/6/75
6.010% Bill - 11/15/76
11/18/75
6-1/4% Note - 11/15/76-D
9/8/71
7-1/8% Note - II/30/76-N
4/8/75
6.440% Bill - 12/14/76
12/16/76
7-V4% Note - 12/3L/76-K 12/31/74
5.578% Bill - 1/1L/77
| 1/L3/75
2,860
2,023
11
3,062
1,579
3,245
4,325
2,591
2,011
2,293
3,434
2,216
2,893
1,608
2,860
1,697
11
3,062
1,481
3,245
4,205
1,507
3,253
2,282
1* 371
3,069
3,069
3,253
2,030
Results of ex
change offers
Turned
Exchanged
in for
cash 2 /
_
4,163 l £ /
200 12/
-
-
-
-
_
_
_
_
_
_
-
-
-
2,587 20/
-
-
-
-
_
-
33 21/
534 22/
212 22/
2,522
1,232 a s /
97 26/
_
_
_
361 22/
528 2&/
82 29/
_
692 20/
_
1,102 2 1 /
1,667 J 2 /
54 22/
326 2 4 /
-
_
_
_
_
_
_
“
_
-
_
_
_
_
-
_
_
_
-
-
_
-
-
98 25/
-
-
120 26/
136 2Z/
I
I
252 38/
_
-
-
_
_
D escription of new
se c u ritie s offered
(See also Table PD0-4)
51
May 1977
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills— Continued
J
Called or maturing se cu rities 1
Date of
refunding
or r e tir e
ment
2/8/77
2/15/77
2/28/77
3/8/77
3/31/77
4/1/77
4/5/77
4/30/77
5/3/77
5/15/77
5/15/77
Description
5.572$
8$
6$
6.010$
6-1/2$
1-1/2$
5.781$
7-3/8$
5.645$
6-7/8$
9$
B ill
Note
Note
BiU
Note
Note
B ill
Note
B ill
Note
Note
Footnotes on following page.
-
2/8/77
2/15/77-A
2/28/77-F
3/8/77
3/31/77-G
4/1/77-EA
4/5/77
4/30/77-H
5/3/77
5/15/77-C
5/15/77-D
Issue
date
2/10/76
2/15/70
3/3/75
3/9/76
3/31/75
4/1/72
4/6/76
4/30/75
5/4/76
2/15/74
8/15/74
(Dollar amounts in m illions)
Disposition offers
by Treasury
Amount
Cash
Exchange
out
r e tir e
security
standing
ment
offered
2,930
5,163
1,665
3,105
2,576
5
3,203
1,579
3,335
2,565
5,329
2,930
2,591
1,515
3,105
2,053
5
3,203
1,469
3,335
2,038
2,333
Results of ex
change o ffers
Exchanged
Turned
in for
cash 2 /
.
.
2,572 3 2 /
150 ^ 0 /
-
-
-
-
-
-
-
-
-
523 4 1 /
-
-
-
-
-
-
110
-
521
2,996 L
jJ
-
-
-
-
_
_
•
-
Description of new
se c u ritie s offered
(See also Table PDO-4)
52
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Footnotes to Table P D O - 7
Source: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
V Tax anticipation issue: for detail of offerings beginning August 1974,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note” below.
Exchanged
by Federal Reserve banks and Government accounts for $233
y
million of 7-3/4$ notes of Series B-1977 and $92 million of 7-1/2$
bonds of 1988-93 issued August 15, 1973.
Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4$ notes of Series B-1977 and $233 million of 7-1/2$
bonds of 1988-93 issued August 15, 1973.
£/ Exchanged'by Federal Reserve banks and Government accounts for $220
million of 7$ notes of Series C-1979, $220 million of 7$ notes of
Series H-1975 and $136 million of 7-1/2$ bonds of 1988-93 issued
November 15, 1973.
2/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8$ notes of Series C-1977, $25 million of 7$ notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2$
bonds of 1988-93 issued February 28, 1974.
Exchanged by Federal Reserve banks and Government accounts for $302
million of 7$ notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2$ bonds of 1988-93 issued Februaiy 28, 1974.
Exchanged
Federal Reserve banks and Government accounts for $656
3/ million ofby8-3/4$
notes of Series 1-1976 and $343 million of 8-3/4$
notes of Series 01978 issued May 15, 1974.
w Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4$ notes of Series C-1978 and $279 million of 8-1/2$
bonds of 1994-99 issued May 15, 1974.
by Federal Reserve banks and Government accounts for $2,936
22/ Exchanged
million of 9$ notes of Series D-1977, $2,461 million of 9$ notes of
Series B-1980 and $486 million of 8-1/2$ bonds of 1994-99 issued
August 15, 1974.
w Exchanged by Federal Reserve banks and Government accounts for 8-1/4$
notes of Series J-1976 issued September 30, 1974.
22/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4$ notes of Series E-1977, $949 million of 7-3/4$ notes
of Series B-1981 and $196 million of 8-1/2$ bonds of 1994-99 issued
November 15, 1974.
14/ Exchanged by Federal Reserve banks and Government accounts for 8-l/2f
bonds of 1994-99 issued November 15, 1974.
21/Exchanged by Federal Reserve banks and Government accounts for 7-lAs
notes of Series K-1976 issued December 31, 1974.
16/ Exchanged by Federal Reserve banks and Government accounts for $692
million of 7-1/8$ notes of Series D-1978, $400 million of 7-3/8$
notes of 'teries C-1981 and $36 million of 7-7/8# bonds of 1995-2000
issued February 18, 1975.
17/ Exchanged by Federal Reserve banks and Government accounts for $4
million of 7-1/8$ notes of Series IKL978 and $114 million of 7-7/8$
bonds of 1995-2000 issued Februaiy 18, 1975.
18/ Exchanged by Federal Reserve banks and Government accounts for $2,300
million of 7-5/8$ notes of Series E-1978, $1,233 million of 8$ notes
of Series A-1982 and $630 million of 8-1/4$ bonds of 2000-05 issued
May 15, 1975.
22/ Exchanged by Federal Reserve banks and Government aceounte for 8-1/4$
hnnHc of 2000-05 issne«i May 15, 1975.
£Q/ Exchanged by Federal Reserve banks and Government accounts for $1,372
million of 7-7/8$ notes of Series F-1978, $902 million of 8-1/8$ notes
of Series B-1982 and $313 million of 8-3/8$ bonds of 1995-2000 issued
August 15, 1975.
21/ Exchanged by Federal Reserve banks and Government accounts for
8-3/8$ notes of Series M-1977 issued September 30, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for $384
million of 7-7/8$ notes of Series C-1982 and $150 million of 8-3/8$
bonds of 1995-2000 issued November 17, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4$
notes of Series P-1977 issued December 31, 1975.
24/ Exchanged by Federal Reserve banks and Government accounts for
$368 million 7$ notes of Series H-1979, $1,939 million 8$ notes
of Series A-1983 and $215 million of 8-1/4$ bonds of 2000-05
issued February 17, 1976.
25/ Exchanged by Federal Reserve banks and Government accounts for 7$
notes of Series H-1979 issued Februaiy 17, 1976.
26/ Exchanged by Federal Reserve banks and Government
accounts for 6-3/4$ notes of Series K-1978 issued
March 31, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8$ notes of Series A-1986 issued 5/17/76 and $85 mil
lion of 7-7/8$ bonds of 1995-2000 issued May 17, 1976.
28/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2$ notes of Series L-1978 and $196 million of 7-7/8$
notes of Series A-1986, and 532 million of 7-7/8$ bonds of
1995-2000 issued May 17, 1976.
29/ Exchanged bjr Federal Reserve banks and Government accounts for 7-1/8#
notes of Series M-1978 issued June 1, 1976.
20/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8$
notes^of Series N-1978 issued June 30, 1976.
21/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8$ notes of Series J-1979, $60 million of 8$ notes
of Series B-1986, and $342 million of 8$ bonds of 1996-2001.
22/ Exchanged by Federal Reserve banks and Government accounts for $1 417
°f # notes ot Series B-1986 and $250 million of 8$ bonds'of
1996-?nm
uPd vi'mst 16, ]Q7£.
22/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
notes of Series Q-1978 issued August 31, 1976.
26/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4#
notes of Series R-1978 issued September 30, 1976.
21/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series S-1978 issued November 1, 1976.
W Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-1/4$ notes of Series K-1979 and $50 million of~7$
notes of Series B-1983 issued November 15, 1976.
27/ Exchanged by Federal Reserve banks and Government accounts for 5-3/4$
notes of Series T-1978 issued November 30, 1976.
28/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4$
notes of Series U-1978 issued December 31, 1976.
29/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/2$ notes of Series G-1980, $881 million of 7-1/4$
notes of Series A-1984 and $391 million of 7-5/8$ bonds of 2002-2007
issued February 15, 1977.
40/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8$
notes of Series M-1979 issued February 28, 1977.
QJ Exchanged by Federal Reserve banks and Government accounts for 6$
notes
<3rr,0o M-1979 issued Mafrh 11, 1977.
Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series P-1979 issued May 2, 1977.
42/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8#
bonds of 2002-2007 issued May 16, 1977.
u/ Exchanged by Federal Reserve banks and Government accounts for $2 623
million of 7-1/4$ notes of Series A- 1984 and $373 million of 7-5/8#
bonds of 2002-2007 issued May 16, 1977.
Note: Information on retirement of tax anticipation issues referred to
Date of
retirement
Securities
Total
amount
retired
9/20/74
4/16/75
6/17/75
Bill
Bill
Bill
1,jdxj
2,251
1,256
Redeemed
for
taxes
402
184
426
Redeemed
for
cash
1,124
2,067
830
May 1977
53
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
dollar amounts in millions)
Month of
a c tiv ity
B ills
1975-June.
C e rtific ates of indebtedness
B ills
(
Issue
date
M aturity
date
3/05/75
3/17/75
6/05/75
6/05/75
6/19/75
12/04/75
In te re st
ra te
(Percent)
Amount
Issued
_
-
87
12/02/74
12/06/74
3/03/75
3/03/75
3/12/75
3/13/75
3/13/75
3/18/75
3/19/75
3/19/75
3/19/75
3/27/75
4/01/75
4/01/75
4/02/75
4/07/75
4/07/75
4/08/75
4/29/75
5/06/75
5/06/75
5/06/75
5/06/75
5/06/75
5/12/75
5/12/75
5/14/75
5/15/75
5/15/75
5/20/75
5/23/75
5/23/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
6/03/75
6/03/75
6/03/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/27/75
6/27/75 ~
6/02/75
6/05/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/19/75
6/19/75
6/27/75
7/01/75
7/01/75
7/02/75
7/07/75
7/07/75
7/08/75
7/29/75
8/06/75
8/06/75
8/06/75
8/06/75
8/06/75
8/12/75
8/12/75
8/14/75
8/14/75
8/15/75
8/20/75
8/22/75
8/22/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
9/03/75
9/03/75
9/03/75
9/03/75
9/03/75
9/12/75
9/12/75
9/15/75
9/18/75
9/19/75
9/27/75
9/27/75
7.40
7.25
5.45
5.45
5.65
5.65
5.65
5.40
5.40
5.40
5.40
5.55
5.60
5.60
5.60
5.60
5.60
6.05
5.75
5.35
5.35
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.25
5.25
5.25
5.25
5.25
5.10
5.10
5.10
4.80
4.80
5.70
5.70
' 6/25/71
6/05/75
6/19/75
6/19/75
6/19/75
6/25/75
4/09/75
4/15/75
4/17/75
4/17/75
4/21/75
7/10/75
7/10/75
7/17/75
7/17/75
7/24/75
1/09/75
1/28/75
3/06/75
4/08/75
4/10/75
4/17/75
4/24/75
4/28/75
4/28/75
4/30/75
5/02/75
5/05/75
5/05/75
5/06/75
5/07/75
6/25/75
6/04/75
4/19/77
5/19/77
6/20/77
6/25/82
7/10/75
7/17/75
7/17/75
7/17/75
7/24/75
10/09/75
1/08/76
10/16/75
10/16/75
10/23/75
7/10/75
7/29/75
9/04/75
7/08/75
7/10/75
7/17/75
7/24/75
7/28/75
7/28/75
7/30/75
8/01/75
8/05/75
8/05/75
8/06/75
8/07/75
6.55
6.90
6.79
6.79
6.83
7.84
_
-
-
-
-
-
10
-
_
600
200
303
300
300
600
-
-
6.60
5.85
6.01
6.05
6.05
5.55
5.65
5.65
5.65
5.75
5.75
5.75
5.75
5.35
5.35
-
2
-
-
20
82
10
2
9
13
6
9
17
12
7
2
11
4
11
2
8
7
17
3
3
6
6
3
7
3
4
4
5
20
16
3
17
15
3
14
8
5
2
13
4
7
8
9
13
6
9
17
2
-
-
-
200
903
-
2
2
2
4
-
-
Retired
-
81
74
182
160
102
-
-
-
-
-
-
-
80
447
182
182
126
-
79
80
500
8
4
7
25
16
12
26
7
51
22
23
9
Total outstanding
end of month
54
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable m U.S. dollars; dollar amounts in millions)
Month of
activity
1975-July.
Aug.
Sept.
Securities
C e rtific ates of indebtedness
C e rtific ates of indebtedness
C e rtific ates of indebtedness
Notes
B ills
Oct.
( C e rtificates of indebtedness
Issue
date
Maturity
date
Interest
rate
(Percent)
Total outstanding
end of month
5/07/75
5/09/75
5/09/75
5/12/75
5/12/75
5/13/75
5/15/75
5/15/75
5/20/75
5/20/75
5/20/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
6/12/75
6/13/75
6/18/75
6/19/75
7/10/75
7/10/75
7/17/75
7/24/75
7/29/75
7/29/75
8/07/75
8/08/75
8/08/75
8/12/75
8/12/75
8/13/75
8/15/75
8/14/75
8/20/75
8/20/75
8/20/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
9/12/75
9/12/75
9/18/75
9/19/75
10/10/75
10/10/75
10/16/75
10/24/75
10/28/75
1/27/76
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.10
5.10
4.80
4.80
6.20
6.20
6.05
6.25
6.30
6.70
7
25
40
40
7/07/71
7/14/71
7/07/75
7/14/75
7/17/75
5/15/75
8/14/75
3/06/75
5/05/75
5/07/75
5/14/75
5/14/75
5/14/75
5/14/75
5/14/75
6/13/75
6/13/75
6/13/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
7/07/75
7/14/75
7/07/82
7/14/82
7/18/77
8/14/75
11/13/75
9/04/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/15/75
9/15/75
9/15/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
6.75
6.70
8.00
7.85
7.50
200
200
447
6.01
5.75
5.35
5.20
5.20
5.20
5.20
5.20
5.10
5.10
5.10
6.45
6.45
6.35
6.35
6.35
6.35
6.35
55
40
15
70
35
20
10
5/23/74
8/28/75
8/28/75
3/5/75
3/6/75
9/4/75
4/24/75
4/30/75
7/10/75
7/17/75
7/17/75
7/24/75
7/29/75
10/09/75
10/09/75
10/16/75
10/16/75
10/23/75
10/30/75
8/28/75
9/30/76
10/31/76
9/4/75
9/4/75
9/5/77
10/23/75
10/30/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
1/08/76
4/08/76
3/15/76
3/15/76
3/22/76
3/29/76
8.30
8.25
6.50
75
75
7/17/75
7/24/75
7/29/75
10/17/75
10/24/75
10/17/75
10/24/75
10/28/75
3/16/76
3/23/76
6.05
6.25
6.30
6.05
5.90
7
25
6/27/74
7/25/74
10/02/75
< 10/02/75
10/02/75
10/30/75
10/30/75
10/02/75
10/30/75
13/30/76
12/33/76
2/28/77
3/33/77
4/30/77
8.40
8.10
7.125
7.25
6.00
6.50
7.375
100
100
100
125
150
4
16
45
7
15
20
9
26
4
8
24
19
10
10
11
9
9
13
9
17
) 20,604
200
200
227
230
500
55
40
15
70
20
10
35
"2
1
2
300
200
82
5.55
7.85
j
19,8
248
80
81
160
182
102
40
41
43
161
185
96
80
7
25
40
300
275
\ 19,621
55
May 1977
___________ PUBLIC DEBT OPERATIONS____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
Month of
a c tiv ity
S ecurities
(Payable in U.S. d o llars; d o llar amounts in m illions)
In te re s t
rate
Issue
Maturity
(percent)
date
date
(B ills
C e rtific ates of indebtedness
f 8/14/75
\ 11/13/75
( 8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
8/22/74
/
11/28/75
\
11/28/75
V. 11/28/75
r
Notes
B ills
1975-Dec................................ ( C e rtificates of indebtedness
Notes
£
(
)
3/05/75
6/05/75
\
12/04/75
L, 12/04/75
f 10/17/75
10/24/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
< 11/14/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
9/19/74
r
J 12/16/15
\ 12/18/75
I 12/18/75
( 7/10/75
<
B ills
1976-Jan............................... / C e rtific ates of indebtedness
^
j
<
^
Notes
r
\
/
I
B ills
<
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
1/29/76
7/29/75
12/02/75
12/02/75
10/24/74
1/29/76
1/29/76
1/29/76
11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
2/26/76
2/26/76
11/13/75
2/13/76
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
11/28/75
6/30/77
7/31/77
10/31/77
12/16/75
12/04/75
3/04/76
6/03/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
1/16/76
1/23/76
2/13/76
2/13/76
12/18/75
12/16/77
5/15/78
8/15/78
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
1/27/76
1/23/76
2/05/76
1/29/76
10/31/77
8/15/78
, 11/15/78
2/13/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5.60
5.60
5.30
5.30
5.30
5.30
5.30
8.90
6.50
7.50
7.50
_
6.05
5.90
5.60
5.60
5.30
5.30
5.30
5.30
5.30
6.05
5.90
5.60
5.60
5.30
6.05
5.90
5.30
5.18
8.35
7.30
7.125
7.625
6.70
5.90
5.60
7.80
7.50
7.625
6.00
-
Amount
Issued
233
55
40
70
35
20
10
15
_
100
100
100
_
40
47
8
30
66
48
163
15
196
_
200
150
100
40
40
35
187
163
97
40
120
_
50
50
150
40
236
40
60
60
Retired
230
55
40
15
70
35
20
10
240
200
87
7
25
55
40
10
20
35
70
15
8
10
200
74
41
185
161
96
Total outstanding
end of month
N
>
19,684
<
19,966
A0 °
80
40
20
25
175
233
40
40
120
“
> 20,002
<
Treasury Bulletin
56
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts m millions)_________
Interest
rate
Issue
Maturity
(percent)
Issued
date
date
Month of
activity
1976-Feb.
C e rtificates of indebtedness
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
9/04/75
2/26/76
3/04/76
3/04/76
3/25/76
2/05/76
2/13/76
2/13/76
2/13/76
2/13/76
3/09/76
3/16/76
3/18/76
3/19/76
7/19/72
3/22/76
10/09/75
1/15/76
1/15/76
1/22/76
4/08/76
4/15/76
4/15/76
2/06/76
2/06/76
3/09/76
3/16/76
3/18/76
4/01/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
5/05/76
5/05/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
3/04/76
3/25/76
8/05/76
9/02/76
12/14/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
6/09/76
6/16/76
6/18/76
6/18/76
3/22/76
2/15/83
4/08/76
4/15/76
4/15/76
4/22/76
10/07/76
10/14/76
7/15/76
5/06/76
5/06/76
6/09/76
6/16/76
6/18/76
1/31/78
2-06-76
2-13-76
5-06-76
5-13-76
2-06-76
2-13-76
2-13-76
2-13-76
2-13-76
2-13-76
3-19-76
5-06-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
5-06-76
5-13-76
11-04-76
11-12-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
6-18-76
8-06-76
8-06-76
8-13-76
8-13-76
8-13-76
8-13-76
8-13-76
12/04/76
1/08/76
2/26/76
6/03/76
5/13/76
6/25/71
6/25/76
6/28/76
2/26/76
4/15/76
7/15/76
7/29/76
5/13/76
5/13/76
6/03/76
7/08/76
6/24/76
12/02/76
8/13/76
6/25/76
11/15/82
3/31/7 8
7/29/76
7/15/76
10/14/76
8/26/76
8/13/76
8/13/76
7/07/71
7/07/76
7/14/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
C e rtific a te s of indebtedness
Notes
Apr.
C e rtific a te s of indebtedness
B ills
May.
C e rtific ates of indebtedness
B ills
\C e rtific ates
of indebtedness
Notes
"Bills
July.
C ertificates of indebtedness
Notes
1/23/75
7/07/76
7/14/76
3/15/76
8/15/76
5.60
5.60
5.30
5.30
5.18
4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
Amount
Retired
Total outstanding
end of month
42
48
163
15
196
20,090
42
48
54
15
20
163
26
196
15
80
40
40
40
40
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
5.00
5.75
7.60
27
26
6
9
5
20,070
11
13
4
26
500
500
42
163
187
97
43
192
165
4.85
4.85
5.10
5.00
5.00
6,375
20
19
11
)
20,013
13
4
100
40
236
40
243
4.85
4.90
4.90
4.90
4.90
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
9
15
54
147
15
196
26
> 19,916
54
147
15
196
54
47
35
60
47
5.10
6.65
7.60
6.75
20
> 19,901
600
600
100
60
165
167
60
5-10
5.10
6.85
6.80
7.50
7.65
7.55
25
20
200
200
100
200
200
) 19,758
57
May 1977
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries—Continued
___________ (Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1976-Aug.
Issue
date
C e rtific ates of indebtedness
r
B ills
Sept,
C e rtific ates of indebtedness
Notes
B ills
C e rtific ates of
indebtedness
Maturity
date
Interest
rate
(percent)
3/4/76
7/29/76
8/5/76
8/26/76
8/5/76
8/26/76
9/2/76
9/30/76
5/13/76
5/13/76
5/13/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
11/12/76
11/12/76
5.10
5.10
5.10
5.20
5.20
8/28/75
8/28/75
10/2/75
10/2/75
3/04/76
8/05/76
9/02/76
8/13/76
8/13/76
8/6/76
8/9/76
8/9/76
8/10/76
9/02/76
9/02/76
9/30/76
9/21/76
9/24/76
8.25
6.50
7.125
7.25
3/15/72
9/15/76
4/08/76
4/15/76
7/15/76
10/07/76
10/14/76
10/14/76
10/14/76
8/13/76
8/13/76
10/01/76
10/29/76
10/29/76
10/29/76
10/29/76
9/15/76
2A5/81
10/07/76
10/14/76
10/14/76
1/06/77
4/14/77
1/13/77
1/13/77
11/12/76
11/12/76
12/09/76
1/28/77
4/29/77
7/29/77
10/28/77
2.50
7.375
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
5/06/76
5/13/76
11/04/76
11/12/76
10/29/76
10/30/75
11/04/76
11/12/76
3/25/76
6/03/76
12/02/76
12/09/76
12/14/76
12/28/76
9/30/78
8/15/81
1/30/78
4/28/78
9/28/78
10/30/78
1/29/79
4/30/79
7/30/79
10/29/79
11/04/76
11/12/76
2/03/77
5/12/77
11/12/76
1/28/77
3/31/77
11/15/81
11/15/81
12A4/76
12/02/76
6/02/77
3/10/77
4A4/77
3/31/77
10/01/76
10/29/76
12/01/76
5/29/75
10/30/75
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
10/07/76
1/06/77
1/06/77
6/09/77
10/29/76
12/31/76
1/28/77
3/31/77
4.95
4.30
5/29/75
1/28/77
1/28/77
5/15/82
6.65
8.00
Total outstanding
end of month
40
60
20
60
82
15
196
)
19,3
62
211
75
75
100
100
40
20
60
10
25
19,215
158
160
43
192
167
43
197
169
169
15
196
5.20
5.20
5.10
4.95
5,25
5.35
5.50
200
143
144
144
144
6.25
7.625
5.70
5.80
5.95
6.00
6.05
6.15
6.20
6.25
400
100
96
96
96
96
48
48
48
48
Oct.
20,691
i C e rtific ates
of
indebtedness
40
250
5.20
4.95
6.50
7.75
7.75
40
243
27
36
125
20,908
200
200
47
240
40
300
40
47
20,753
C e rtific ates of
indebtedness
Notes
B ills
1977-Jan.
C e rtific ates of indebtedness
Notes
5.10
4.95
4.30
6.65
7.375
200
60
15
300
150
43
43
47
15
300
300
>
20,689
58
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
S ecu rities
a c tiv ity
(Payable in U.S. d o llars; d o llar amounts in m illions)
In te re st
Maturity
ra te
date
date
(percent)
f
B ills
1977-Feb.................................
f
\
L
<
Notes
f
[ B ills
1
{
V
Mar............................... j C e rtific a te s of indebtedness
Notes
S-
B ills
Apr................... .
J C e rtific a te s of indebtedness
(
Notes
I
^
Bonds
flom oe: Bureau of the Public Debt7
* Less than $500,000.
11/04/76
2/03/77
2/23/77
10/29/76
5/29/75
10/02/75
2/28/77
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
12/09/76
12/28/76
2/23/77
10/29/76
7/19/72
9/15/72
5/27/75
3/10/77
3/15/77
3/22/77
3/25/77
3/31/77
10/14/76
12/14/76
2/23/77
4/14/77
4/14/77
10/29/76
5/27/75
6/19/75
4/27/77
4/19/77
3/10/77
3/31/77
5/26/77
4/29/77
3/22/77
3/15/77
3/25/77
3/31/80
3/31/80
2/15/84
11/15/79
12/31/80
4/14/77
4/14/77
5/26/77
10/13/77
10/13/77
4/29/77
4/27/77
4/19/77
8/15/81
2/15/82
Amount
Issued
Retired
Total outstanding
end of month
40
-
40
30
5.25
6.90
6.00
9.00
45
300
100
,
20,575
300
-
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
-
240
300
5
56
500
157
260
200
100
500
260
500
>
20,617
>
>
197
40
7
5.25
6.90
6.79
7.625
6.375
202
40
-
300
200
42
300
303
^
J
20,469
May 1977
59
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
Month of
a c tiv ity
Payable
in —
Issue
date
Amount
(Dollar equivalent)
Maturity
date
In te re st
ra te
(percent)
Aug..
{
C e rtific ates of indebtedness
Swiss francs
l Swiss francs
f
2/4/72
8/4/72
8/4/72
2/2/73
Sept,
Notes
[ Swiss
francs
\ Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
Oct..
Notes
j German marks
/ Swiss francs
| Swiss francs
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
francs
francs
francs
francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
j German marks
I Swiss francs
/ Swiss francs
Swiss francs
Swiss francs
6/ 24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
francs
francs
francs
francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
C e rtific ates of indebtedness
f Swiss francs
\ Swiss francs
8/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
German marks
8/19/69
2/19/73
3.05
Notes
f Swiss francs
^ Swiss francs
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
1/19/73
2/2/73
7/19/73
8/2/73
5.25
5.75
10
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/117(72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
19
46
4
4
3
6.00
3
4
francs
francs
francs
francs
1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
29
170
1 Swiss francs
\ Swiss francs
1/19/73
7/19/73
7/19/73
1/18/74
5.25
6.125
127
1972-July.
C e rtific ates of indebtedness
Notes
/ Swiss francs
^ Swiss francs
German marks
CSwiss
/ Swiss
j Swiss
v.Swiss
Nov..
C ertificated oi indebtedness
V
C Swiss
/ Swiss
N Swiss
vSwiss
1973-Jan.
Feb.
Mar..
C e rtific ates of indebtedness 2 /
Notes 2 /
Apr.
(Swiss francs
\ Swiss francs
r
German narks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
\ Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
)
f Swiss
Swiss
\ Swiss
VJSwiss
)
July.
C e rtific ates of indebtedness
C e rtific ates of indebtedness
Aug.
(
111
1/21/72
7/21/72
7/3/67
7/21/72
1/19/73
7/3/72
3.50
4.375
5.28
114
3.625
4.25
57
56
2,000
28
2,001
153
57
1,850
28
31
1,852
153
275
26
1,710
255
26
114
114
33
43
1,713
57
1,561
154
111
1,578
129
5
6
> 1,743
3
3
26
2
25
148
124
1,746
2/2/73
8/2/73
5.75
62
8/27/71
5/18/72
5/30/72
8/2/73
8/20/73
8/27/73
8/30/73
8/27/73
8/20/73
8/30/73
11/1/74
11/20/74
11/27/74
11/29/74
5.67
4.77
4.55
8.70
8.25
8.125
391
37
383
1,758
400
8.20
38
3/3/72
10/2/73
2.051
172
1,586
64
38
Oct.,
Notes
Nov.
Notes
/Swiss francs
(Swiss francs
9/1/72
11/30/73
11/30/73
2/28/75
5.50
6.98
33
C e rtific ates of indebtedness
(Swiss francs
iSwiss francs
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
/Swiss francs
\J3wiss francs
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
67
Footnotes at end of table.
1,999
76
29
32
German marks
1974-rJan.
Total outstanding
end of month
francs
francs
francs
francs
francs
francs
francs
Swiss francs
(Swiss
Swiss
J Swiss
Swiss
I Swiss
I Swiss
(jESwiss
Retired
32
)
586
127
1,588
65
Treasury Bulletin
60
.PUBLIC DEBT OPERATIONS.
Table P DO-9. - Foreign Currency Series Securities {Nonmarketable)
Issued to Official Institutions of Foreign Countries'— Continued
(Dollar amounts in millions)
Month of
a c tiv ity
Payable
in —
rSwiss
1974-Feb,
Notes
Notes
francs
J Swiss francs
\ Swiss francs
Swiss francs
' Swiss
Swiss
Swiss
, Swiss
francs
francs
francs
francs
5.40
5.25
6.60
6.60
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
5.70^
5.70
6.00
8.40
8.40
8.60
6-07-74
9-08-75
1
Issued
_
-
_
-
318
30
_
francs
francs
francs
francs
francs
francs
francs
francs
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
11-26-75
3-01-76
C e rtific ates of indebtedness
Notes
Swiss francs
Swiss francs
7/18/74
1/20/75
1/20/75
4/20/76
7.90
6.97
127
Notes
Swiss francs
Swiss francs
11/30/73
2/28/75
2/28/75
5/28/76
6.98
6.10
33
Notes
Swiss francs
‘ Swiss francs
1/7, 74
4/7/75
4/7/75
7/7/76
7.07
6788
67
Swiss francs
I£
2/06/74
2/20/74
5/06/75
8/20/75
5/06/75
5/20/75
8/ 06/76
8/20/76
6.60
6.60
6.80
6.40
Notes
Notes
Notes
July.
Sept.
Oct.
Notes
J Swiss francs
\ Swiss francs
| Swiss francs
_
7-18-74
1-20-75
7-05-74
7-17-74
10-06-75
10-17-75
6.625
8.35
8.05
7.90
6.93
6.70
8.55
8.40
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
64
38
400
38
” Swiss
Swiss
Swiss
Swiss
wSwiss
francs
francs
francs
francs
francs
3/11/74
3/13/74
6/11/75
6/11/75
6/13/75
6/11/75
6/13/75
9/10/76
12/10/76
6/14/76
7.15
7.25
6.21
6.39
5.79
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
''’Swiss
Swiss
Swiss
k.Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
4/08/74
4/29/74
7/08/75
7/29/75
6/7/74
9/8/75
7/05/74
7/17/74
10/06/75
10/17/75
11/27/74
11/26/75
10/03/74
13/20/74
2/02/76
2/20/76
7/08/75
7/29/75
10/08/76
10/29/76
9/8/75
3/8/77
10/06/75
10/17/75
4/06/77
4/18/77
11/26/75
5/26/77
2/02/76
2/20/76
8/02/77
8/19/77
8.40
8.60
7.15
7.35
8.35
7.75
8.55
8.40
7.70
7.25
7.35
6.95
7.94
7.30
6.08
6.35
Swiss francs
31/29/74
3/01/76
3/01/76
9/01/77
7.30
6.40
Total outstanding
end of month
32
35
1,589
321
29
1,597
23
14
49
24
15
50
* Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Notes
I
Retired
33
36
francs
francs
francs
francs
francs
francs
July.
1976-Feb.
2/06/74
2/20/74
5/06/75
5/20/75
Amount
(Dollar equivalent)
Swiss
Swiss
? Swiss
Swiss
\ Swiss
V. Swiss
C e rtificates of indebtedness
May,
In te re s t
ra te
(percent)
3-09-73
6-07-74
1-18-74
7-18-74
4-05-73
4-17-73
7-05-74
7-17-74
Notes
Apr,
Maturity
date
11/06/72
11/20/72
2/06/74
2/20/74
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
Apr.
1975-Jan.
Issue
date
129
1,599
129
127
_
127
29
170
1,599
29
170
_
_
_
_
_
_
_
-
64
400
33
127
33
-
148
170
30
_
-
-
-
400
64
38
38
1.599
1.599
318
30
1.599
38
50
129
129
29
170
1.599
17599”
33
36
38
50
-
1,5
67
33
36
_
>
29
170
400
1.599
1.599
1.599
1.599
64
38
1.599
38
1.599
61
May 1977
.PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Dollar amounts in m illions)
Month of
a c tiv ity
1976-Apr. . . . . . . .
May. . . . . . . .
June...........
Payable
in —
S ecurities
Notes
Notes
Notes
J u ly .. . . . . .
Notes
Aug.............
Notes
f Swiss francs
| Swiss francs
f Swiss francs
\ Swiss francs
f Swiss francs
Swiss francs
fSwiss francs
\Swiss francs
O ct.............
Nov. . . . . . . .
Dec. . . . . . . .
Notes
Notes
Notes
Notes
1977-Jan................ Notes
Feb............... Notes
Mar...............
Apr,,
Notes
Notes
Maturity
date
1/20/75
4/20/76
2/28/75
5/28/76
4/20/76
10/20/77
5/28/76
11/28/77
6/14/76
12/14/77
7/07/76
1/06/78
8/6/76
8/20/76
2/6/78
2/20/78
In terest
rate
(percent)
6.97
6.10
6.10
7,05
5.79
/L J7A
D.
Amount
(Dollar equivalent)
Issued
Retired
Total outstanding
end of month
127
}
33
“
30
}
1,599
)
J
1,599
127
33
Swiss francs
6/13/75
6/14/76
4/07/75
7/07/76
5/6/75
5/20/75
8/6/76
8/20/76
fSwiss francs
1 Swiss francs
| Swiss francs
J Swiss francs
6/11/75
n/iA o
7/08/75
10/8/7o
10/8/76
4/07/78
~
7.15
5.95
7/29/75
10/29/76
6/11/75
6/11/75
9/08/75
12/10/76
10/29/76
' 4/28/78
12/10/76
12/10/76
3/08/77
6/09/78
7.35
5.80
6.39
6.39
7.75
5.25
9/08/75
3/08/77
7.75
26
1,520
9/08/75
9/08/75
10/06/75
3/08/77
10/06/75
10/17/75
11/26/75
4/18/77
3/08/77
7.75
26
1,494
3/08/77
4/06/77
9/08/78
4/06/77
4/18/77
5/26/77
10/18/78
7.75
7.70
5.90
7.70
7.25
6.95
5.60
\
fSwiss
S e p t.. . . . . .
Issue
date
francs
J Swiss francs
\ Swiss francs
j Swiss
VSwiss
Swiss
j Swiss
/ Swiss
| Swiss
francs
francs
francs
francs
francs
francs
Swiss
Swiss
/Swiss
(Swiss
ISwiss
francs
francs
francs
francs
franes
(Swiss
JSwiss
SSwiss
|Swiss
francs
francs
francs
francs
Source:
Bureau of the Public Debt.
1 / The principal amount of th is note was increased $1 m illion to compensate for a lower in te re st cost than was anticipated when the note was
/r
i£
y/isj/
r
2/
9/10/76
^/lA /«cJ-
J/lyj/7a
6.88
6.70
6.80
6.40
6.50
6.35
-
30
-
67
33
36
“
67
33
36
1,599
^
1,599
J
1,599
-
148
148
38
38
50
|
1,599
50
_
-
20
150
20
137
50
160
56
26
3
170
14
1,579
^
1,546
>
1,461
\
1,434
revalued m 1970.
Dollar value of se cu rities increased to re fle c t market exchange rates
as of February 12, 1973.
62
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Series E and Series H
rently sold.
Series E has
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 1941,
interest yields,
and Series H has been on sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
through April 30,
from May 1, 1941
Series
1941.
through April
Seri es J and K were sold from May 1, 1952
through
Details of the principal changes in issues,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
May and
and December 1959,
September
October 1961,
June 1968,
the Treasury for fiscal years 1966 through 197.4.
Table SB-1. - Sales and Redemptions by Series, Cumulative through April 30, 1977
(In millions of dollars)
Amount outstanding
Accrued
discount
Sales plus
accrued
discount
3,949
192,990
28,396
3,556
1,054
49,944
1,125
198
5,003
242,935
29,521
3,754
5,000
169,478
29,505
3,751
73,457
228,891
52,322
281,212
203,982
73,457
Sales 3/
Series
Series
Series
Series
A-D 2/..
E and H.
F and G.
J and K.
Total A-K.....
Redemptions 1/
Interestbearing debt
Matured
nonrrinterestbearing debt
16
3
22
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions 1/
1935-67....
1968......
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......... .
Calendar years•
1935-66....
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
Ufonths:
1976-Apr...,
May...,
June..,
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1977-Jan....
Feb....
lifer.. , ,
Apr....
Sales plus
accrued
discount
Sales 1/
Accrued
discount
170,678
4,739
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,293
1,833
27,424
1,735
1,789
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
198,102
6,4*73
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
146,800
168,061
4,898
4,696
4,393
4,665
5,477
26,599
194,660
1,686
6,584
6,455
6,224
6,574
7,669
143,745
5,793
6,133
6,639
6,295
5,244
5,365
1,759
1,832
1,909
2,192
6,236
2,426
8,662
6,270
2,673
2,994
3,368
3,597
8,943
9,856
6,862
7,038
7,555
10,406
11,152
673
306
980
648
281
301
929
904
959
926
850
893
603
632
326
642
558
586
600
633
284
292
306
296
315
677
345
1,022
668
306
711
683
307
328
973
1,018
Footnotes at end of Table SB-4.
896
948
1,011
Sales
price
Amount outstanding
2/
Accrued
discount
132,033
4,978
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
14,766
1,003
14,274
951
1,040
1,182
1,223
6,829
6,292
6,771
129,471
4,842
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
578
504
566
448
391
441
Total
5,982
6,339
6,748
5,425
5,338
5,586
6,681 '
6,519
6,543
1,717
6,211
569
594
554
532
505
605
393
475
641
568
6l5r
591
504
447
477r
455
445
466
435
420
and
1970; and the Annual Report of the Secretary of
1,102
1,240
1,083
1,032
1,092
1,314
1,346
1,409
371
1,021
1,043
1,266
1,354
1,332
1,483
130
112
124
124
127
120
112
111
130
137
121
138r
136
2/
Interestbearing debt
51,213
51,712
51,711
51,281
53,003
55.921
59,418
61.921
65,482
69,733
70.752
Matured
non-interestbearing debt
88
82
82
55
46
39
34
29
27
23
22
50.752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
164
126
68,968
25
24
23
69,394
69,733
70,428
*71,079
70,752
71,113
71,506
71,853
72,234
72,640
73,037
73,457
112
64
50
42
37
31
26
25
17
22
23
22
21
21
17
17
17
22
22
63
May 1977
.UNITED STATES SAVINGS BONDS,
Table SB-3. - Sales and Redemptions by Periods, Series E through K
Period
Sales 1 /
Accrued
discount
Sales plus
accured
discount
(In millions of dollars)
Redemptions 1 /
Total
Sales
price
2/
Amount outstanding
Accrued
discount
2/
Interest-bearing
debt
Matured
n o n -in terestbearing debt
Series E and H Combined
H s c a l years:
1941-67............
1968.................
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
134,778
4,739
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
25,051
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
159,829
6,470
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
109,012
5,715
6,198
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
96,457
4,739
5,112
5,484
4,334
4*294
4,490
5,361
5,172
5,130
1,345
12,555
976
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
50,817
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
Calendar vears
1941-66............
196 7
196 8
196 9
197 0
197 1
.
197 2
197 3
197 4
197 5
197 6
132,161
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
24,230
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
156,391
6,578
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
106,179
5,439
5,915
6,565
6,281
5,237
5,'359
6,206
6,824
6,290
6,762
94,120
4,519
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
12,059
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
Months ?
.
1976-Ap r
May...........
June........ .
Ju ly .........
Aug...........
Sept.........
Oct...........
Nov...........
Dec...........
1977-Ja n
.
Feb..........
Mar..........
Apr............
673
648
603
632
642
558
586
600
633
677
668
711
683
306
281
301
326
284
292
306
296
315
980
929
904
959
926
850
893
896
948
578
503
565
568
595
553
531
504
601
448
391
441
444
467
433
419
393
472
130
112
124
123
128
119
112
111
129
68,968
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
345
306
307
328
1,022
973
1,018
1,011
641
568
621
591
504
#455
137
121
140
136
72,234
72,640
73,037
73,457
G. J .
Ejscal years:
1941-67....
1968......
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
Calendar years:
1941-66..............
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
Months;
1976-Ap r
.
May............
June..........
Ju ly ...........
Aug............
Sept...........
Oct............
Nov.... .
Dec............ .
1977-Ja n
.
Feb.............
M ar...........
Apr..............
Footnotes at end of Table SB-4.
31,951
-
1,318
4
1
-
33,269
4
1
-
32,793
266
140
27
8
6
5
5
1
4
1
31,524
239
124
24
7
5
4
4
1
3
1
1,269
27
16
3
1
1
1
1
*
*
*
397
140
_
_
_
_
-
80
75
76
49
41
34
30
25
24
20
19
31,951
-
1,315
6
2
*
-
33,266
6
2
*
-
32,572
353
218
74
13
7
5
5
5
1
8
31,322
321
194
65
11
6
5
4
4
*
6
1,250
32
23
9
2
1
1
1
1
*
2
540
229
27
_
_
155
118
105
58
44
37
32
27
22
21
13
*
1
1
1
-1
1
1
*
4
*
1
1
1
-1
1
1
*
3
*
*
*
*
*
*
*
*
1
_
*
*
-6r
-
*
*
-4r
-
*
*
-lr
-
-
-
-
-
-
-
-
"
-
-
-
-
~
_
_
-
_
_
-
_
-
-
21
21
20
19
20
19
18
18
13
13
13
18
18
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Table SB-8. - Sales and Redemptions by Periods, Series E through K — Continued
Period
Sales
I/
Accrued
d : 3count
Sales plus
accrued
discount
Redemptions 1/
Exchange of
E bonds for
H bonds
Sales
price 2/
Accrued
discount j/
105,177
5,154
5,548
5.959
4.959
4,972
5,209
6,156
6,063
6,114
1,611
92,622
4,178
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
12,555
976
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,622
196
I 84
102,599
4,941
5,300
5,835
5,626
4,871
5,007
5,740
6,318
90,540
12,059
919
1,017
1,173
1,510
207
191
180
228
249
329
319
Total
Amount
outstanding
(in te re s tbearing debt)
Series E
Riscal years:
1941-67...
1968.....
196 9
197 0 ....
i m .....
1972.....
1973. .
197 4
197 5
197 6
T.Q.....
Calendar years
1941-66...
(L967.....
1968.... .
196 9
*
197 0
197 1
197 2 .
197 3
197 4
1975. .
1976.....
_Months:
1976-Ap r
May....
June.
July...
Aug....
S@pt...
Oct....
Nov....
Dec... .
1977-Ja n
Feb..........
Mar....
Apr......
124,707
4,466
4,343
4,289
4,870
5^650
6,190
6,145
6.503
6,975
1,761
25,051
1,731
1,788
1,841
2,056
310
2,564
2,749
3,252
3,496
902
149,758
6,196
6,131
122,276
4,574
4,452
24,230
4,221
1,832
4.503
5,218
5,922
5,988
6,524
6,729
7,245
1,909
2,192
146,506
6,255
6,209
6,052
6,412
7,411
8,348
8,661
9,518
10,097
10,841
643
620
584
608
615
537
566
576
611
641
642
679
656
2,
1,680
1,757
2,426
2,673
2,994
3,368
3,597
306
281
301
326
284
292
306
296
315
345
306
307
328
6,130
6,926
7,960
8.755
8,894
9.755
10,471
2,663
5,886
6,336
949
901
884
934r
899r
829r
872
872
926
540
468
523
536
556
519
499
471
566
986
948
604
534
582
556
986
984
4,022
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
1,221
1,020
1,049
1,234
1,353
1,331
1,481
411
356
399
413
130
387
112
111
428
400
360
112
124
123
128
119
437
129
466
412
137
m
140
121
136
210
231
292
338
310
310
326
310
326
327
42,959
43.805
44,205
44,167
45,902
4^,598
51.806
54,234
57,617
61,648
62,621
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63.676
27
25
29
26
26
28
26
26
27
60,909
31
26
28
24
64,027
64,414
64,790
65,194
7,858
7,766
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8.084
8.131
61,316
61,648
62,325
62,964
62,621
62,968
63,343
63.676
Series H
Fiscal years;
1952-67...
1968........
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......
Calendar years
1952-66...
196 7
196 8
1969.....
197 0
197 1
1972.....
197 3
197 4
197 5
197 6
.
Months;
1976-Ap r
May.........
June.......
July.......
Aug.........
Sept..* ..
Oct.. . . . . .
Nov.........
Dec.........
1977-Ja n
.
F e b .......
Mar......... .
Apt..........
Footnotes at end of Table SB-4.
10,071
273
207
160
3,835
561
650
762
457
359
372
519
455
425
104
3,835
561
650
762
457
359
372
519
455
425
104
1,622
72
10,071
273
207
160
212
289
322
284
324
318
72
9,885
324
244
172
162
259
314
282
338
309
310
9,885
324
244
172
162
259
314
282
338
309
310
3,580
497
615
730
655
366
353
465
506
404
427
3,580
497
615
730
655
366
353
465
506
404
427
1,510
207
191
180
228
249
329
319
310
30
28
19
24
27
22
30
28
19
24
27
21
21
24
22
36
26
32
27
36
26
32
27
38
35
42
31
39
34
32
33
34
38
34
39
35
38
35
42
31
39
34
32
33
34
38
34
39
35
212
289
322
284
324
318
21
21
24
196
184
210
231
292
338
310
310
326
80
326
327
27
25
29
26
26
28
26
26
27
31
26
28
24
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8.177
8,059
8,077
8.084
8,103
8,116
8.131
8,146
8,163
8.177
8,207
8,225
8,247
8,263
65
M ay 1977
____________ UNITED STATES SAVINGS BONnS____________
Tabic SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In m illions
dollars)
Unmatured
Matured
Period
F iscal years:
1951-61........................................
1962..............................................
1963..............................................
1964..............................................
1965..............................................
1966..............................................
1967..............................................
1968..............................................
1969..............................................
1970.............................................
1971..............................................
1972..............................................
1973..............................................
1974..............................................
1975..............................................
1976..............................................
T.Q................................................
Calendar years:
1951-60........................................
1961..............................................
1962..............................................
1963..............................................
1964..............................................
1965..............................................
1966..............................................
1967.............................................
1968..............................................
1969..............................................
1970..............................................
1971..............................................
1972..............................................
1973..............................................
1974..............................................
1975..............................................
1976..............................................
Monthsi
197$- Apr......................................
Ju n e ...................................
Aug......................................
S e p t ...............................
O ct................................... .
Nov....................... ..............
Dec.......... ...........................
1977-Jan......................................
Feb............................ . . . . .
Mar................................
Total
Unclassified
iQ /
Other
Total
Series E
and H
Other
17,010
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
15,577
925 8/
657 2 /
304
246
280
412
260
143
29
9
7
5
5
-1
4
3
75,145
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
44,816
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
31,922
196
139
140
118
104
79
25
6
31,005
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
16,139
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
14,896 6/ 7/
922 2/ 1/
730
426
282
216
391
345
209
84
15
8
6
3
5
*
8
40,799
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
3,487
31,211
9,7A0
201
175
125
131
111
107
44
13
2
578
504
566
568
594
554
532
504
605
196
278
242
301
207
255
134
269
618
196
277
241
299
208
253
133
269
618
641
568
6l 5r
591
301
353
298r
298
301
353
304
298
Total
Series E
and H
113,654
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
32,587
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
71,804
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
6,291
6,771
Source: Monthly Statement of the Public Debt of the U.S.; Office of Mar
ket Analysis, United S tates Savings Bonds Division.
Note: In these tab les sales of S eries A-F and J bonds are included a t i s
sue p rice, and redemptions and amounts outstanding a t current redemp
tio n value. Series G,H, and K are included a t face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt u n til a l l bonds of the annual se rie s have matured, and are then
tran sferred to matured debt on which in te re s t has ceased.
1 / Sales and redemption figures include exchanges of minor amounts of (1)
matured S eries E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for S eries H bonds beginning
January i960; and (3) U.S. savings notes fo r S eries H bonds beginning
January 1972; however, t h y exclude exchanges of S eries E bonds for
S eries H bonds, which are reported in Table SB-3.
2 / D etails by se ries on a cumulative b asis and by periods of S eries A-D
combined w ill be found in the February 1952 and previous issues of the
Treasury B ulletin.
2 / Because there is a normal lag in classifying redemptions, th e d i s t r i
bution of redemption between sales price and accrued discount has been
estim ated. Beginning with the Treasury B ulletin of March 1961 the
& 3/
3/
*
*
1
1
-1
1
1
*
4
*
*
&r
U
5/
6/
2/
8/
2/
10/
*
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
382
226
324
268
386
299
398
235
-17
382
226
324
268
386
299
398
235
-17
340
215
317
293
340
215
317
293
9,890
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
-
-
-
“
-158
-60
213
-52
-76
6
144
-1
26
228
-431
-83
-24
123
417
-145
-
-
“
_
-
-
-
_
-
-
-
_
_
_
_
_
_
_
_
-
method of d istrib u tin g redemptions between sales price and accrued
discount has been changed to r e fle c t the d istrib u tio n shown m fin a l
reports of c la s sifie d redemption. All periods shown have been revised
on th is basis.
S eries F and G sales were discontinued April 30, 1952, and S eries J
and K sales were discontinued April 30, 1957. Sales fig u res a fte r
A pril 30, 1957, represent adjustments.
Includes exchanges of S eries 1941 F and G savings bonds fo r
marketable bonds of 1978-83.
*
Includes exchanges of S eries 1948 F and G bonds for
marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds fo r
marketable bonds
of 1969.
Includes exchanges of S eries I960 F and G bonds for 3-7/855 marketable
bonds fo r 1968.
Includes exchanges of S eries 1951 and 1952 F and G bonds fo r 3-7/8%
marketable bonds of 1971 and 4 marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet c la s sifie d
between matured and unmatured issues.
Less than $500,000.
Revised.
3-1/4%
4-3/4%
4%
%
Treasury Bulletin
66
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May 1, 1967
through June 30, 1970.
The notes were eligible for purchase
demption
and information on investment yields of savings
notes appear in
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase df Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In m illions of d o llars)
Redemptions
Period
F iscal years:
1967...............................
1968...............................
1969...............................
1970...............................
1971...............................
1972...............................
1973...............................
1974...............................
1975...............................
1976...............................
T.Q.................................
CfltoPd«L..7S&I£:
1967...............................
1968...............................
1969...............................
1970...............................
1971...............................
1972...............................
1973...............................
1974...............................
1975...............................
1976...............................
Months:
1976-Apr.........................
June.......................
Ju ly.......................
Aug.........................
Sept.......................
Oct.........................
Nov.........................
Dec........................
1977-Jan.........................
Feb.........................
Mar.........................
Apr.........................
Sales 1 /
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Amount
outstanding
Accrued
discount
1
201
326
323
11
*
*
*
2
-2
*
*
12
25
33
28
29
35
31
24
6
1
201
338
347
44
‘ 28
29
35
33
22
6
*
*
35
111
167
85
69
77
75
45
11
*
*
34
105
157
77
58
62
58
32
8
_
*
1
6
10
8
11
14
17
13
3
80
277
348
160
-3
*
*
*
*
*
5
18
31
31
28
29
39
25
24
80
281
366
191
27
28
29
39
25
24
*
7
76
154
124
71
74
82
53
42
*
7
72
145
116
62
60
66
40
29
*
3
8
9
9
13
16
14
13
80
354
644
682
584
540
496
453
424
406
2
2
2
2
2
2
2
4
2
4
4
-2
2
2
2
2
2
2
2
4
4
-2
2
2
2
2
2
2
2
3
5
3
4
3
4
1
1
5
2
4
3
3
1
2
1
1
1
1
*
*
2
1
1
1
1
417
414
413
413
413
407
409
409
406
406
404
402
401
-
*
-
“
_
_
-
-
Source:
Monthly Statement of the Public Debt of the United S tates; Office
of Market Analysis, United S tates Savings Bonds Division.
1 / Sales were discontinued a f te r June 30, 1970. Figures shown th e re a fte r
represent adjustments.
3
2
3
1
1
3
1
3
2
2
-
•
203
505
742
619
561
519
477
435
413
407
2 / Includes U.S. savings notes exchanged fo r S eries H bonds beginning
January 1972.
* Less than $500,000.
May 1977
67
O W N E R S H I P O F F E D E R A L SF.OTTRTTTRS
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
______________________________________________________________ (In m illions of dollars)_____________________________________________________________
Interest-bearing public debt se c u ritie s
End of
f is c a l year
or month
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q................
1975-Mar....
1975-Dec.. , .
July
Oct
Total
Federal
se c u ritie s
outstanding
2,071
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,055
2,055
2,056
2,055
2,055
2,055
2,055
2,055
2,056
2,055
2,055
2,055
2,055
2,056
2,056
2,056
2,056
52,230
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427
81,418
87,934
89,753
91,814
90,530
94,446
90,673
94,030
96,427
95,741
91,660
96,970
94,134
95,837
95,987
Total
outstanding
1/
Held by
U.S. Government
accounts and
Federal Reserve
banks
371,978
367,969
383,428
410,292
438,154
469,251
487,081
544,131
631,285
645,748
520,702
587,584
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
508,581
575,657
76,138
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
138,458
139,343
14,694
16,007
16,974
18,092
19,868
20,080
21,229
20,471
18,347
16,633
20,806
19,392
611,391
612,843
621,533
631,285
635,260
644,394
645,748
649,276
656,282
664,794
664,853
674,28*0
680,141
599', 224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
662,320
668,216
139,067
139,122
143,704
149,611
147,626
148,028
146,105
144,617
144,891
147,098
144,107
144,437
144,949
19,104
19,104
18,563
18,347
216,032
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
288,705
348,380
370,404
369,991
373,843
375,197
385,281
390,233
391,028
394,704
407,092
408,388
414,739
422,046
423,280
17,993
16,647
16,633
16,636
16,430
16,483
16,363
15,788
15,764
Marketable
Nonmarketable
Matured
public
debt
and debt
bearing
no in te re st
159,668
156,006
157,911
161,863
165,978
167,869
164,862
210,386
279,788
294,603
197,765
255,865
276,439
275,526
278,928
279,788
289,053
293,637
294,603
296,213
307,309
307,823
313,498
319,982
327,628
56,363
56,814
58,231
66,020
76,566
90,078
89,686
91,704
95,409
96,425
90,940
92,515
93,965
94,465
94,915
95,409
96,228
96,596
96,425
98,491
99,783
100,565
101,241
102,064
103,652
3,178
1,991
1,893
1,841
1,901
1,788
1,822
1,067
1,179
1,142
1,078
993
1,267
1,046
2,595
1,179
967
1,037
1,142
2,542
997
1,087
928
1,028
992
Held by private investors
Total
1 / For d e ta il, see Table FD-6.
r
Revised.
59,374
66,738
76,124
82,740
89,536
101,248
114,921
122,756
129,209
127,417
115,596
117,896
117,908
117,963
123,086
129,209
127,577
129,326
127,417
125,926
126,406
128,560
125,688
126,593
127,129
Total
Interest-bearing public debt se c u ritie s - Con.
Feb
Mar., ..
Public
issues
held by
Federal
Reserve
banks
Total
outstanding
End of
fis c a l year
or month
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q................
1975-Mar., ..
1975-Dec, ,,
1976-Mar.. . .
Apr. . . .
M ay....
June. . .
J u ly ...
A ug....
S e p t...
O ct.. . .
Nov.. . .
Dec. . . .
Held by U.S. Government accounts
Nonmarketable
Government
Marketable
Other
account se ries
Agency se c u ritie s
24,399
14,249
12,510
12,163
10,894
11,109
12,021
10,943
10,853
11,047
11,042
10,935
10,961r
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
10,934
3,001
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,099
2,128
2,224
2,233
2,224
2,223
2,218
2,222
2,222
2,214
2,209
2,184
2,048
2,052
2,053
Held by
private
investors
21,398
11,403
9,956
9,911
8,724
8,953
9,869
8,757
8,630
8,825
8,943
8,807
8, 737r
8,637
8,637
8,630
8,496
8,844
8,825
9,459
9,433
9,067
8,897
8,880
8,881
68
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
End of
month
(Par values 1 / in b illio n s of dollars)
Nohbahk investors
Individuals
2/
Commer
Total
c ia l
p rivately "banks
held
Z/
1939-Dec..
1946-Feb..
Dec..
1950-June.
Dec..
1951-June.
Dec..
1952-June.
Dee..
1953-June.
Dec..
1954-June.
Dec..
1955^Tune.
Dec..
1956-June.
Dec..
1957-June.
Dec..
1958-June.
Dec..
1959-June.
Dec..
1960-June.
Dec..
1961-June.
Dec..
1962-June.
Dec..
1963-June.
Dec..
1964-June.
Dec..
1965-June.
Dec..
1966-June.
Dec..
1967-June.
Dec..
1968-June.
Dec..
1969-June.
Dec..
1970-June.
Dec..
1971-June.
Dec..
1972-June.
Dec..
1973-June.
Dee..
1974-June.
Dec..
218.0
229.9
229.7
247.9
244.4
262.5
259.7
261.7
256.4
271.0
1975-June.
Dec..
1976-Jan..,
F eb...
M ar..,
A pr.,,
May. . .
Ju n e .,
Ju ly ..
Aug_. •
S ep t..
O ct...
Nov.. .
Dec.. .
1977-Jan...
F eb ...
Mar.n.
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
Total
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
Other
Savings bonds
secu
S eries
Other
E and H s e rie s 2 / r i t i e s
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
ij
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
11.7
10.9
13.6
10.2
14.8
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
. 44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
15.0
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
Corpora
tio n s
y
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
S tate
Foreign
and
and in te r
lo cal
n
ational
govern
5/
ments
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
14.2
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
215.4
84.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
303.2
349.4
69.0
234.1
87*. 1
91.4
65.0
66.Q
2 ll 6
24.0
7.1
9.3
3^.5
4.5
13*. 2
20.2
29.6
33.8
355.3
365.0
371.7
371.0
376.4
376.4
86.0
269.3
277.9
279.7
279.3
284.9
284.5
292.2
298.8
298.9
302.5
308.3
307.0
91.7
93.9
94.5
94.7
95.9
96.4
97.1
99.7
99.7
67.3
67.6
24:0
25.8
26.0
25.8
26.6
26.8
26.8
28.8
10.0
10.1
10.4
10.3
10.4
10.5
11.1
4.'7
4.9
5.1
5.1
5.3
5.1
21.2
34.6"
36.4
37.8
37.7
37.6
39.5
37.2
38.7
28 8
28.8
29.0
28.8
11.6
12.1
12.2
12.3
28.6
28.7
28.7
12.2
12.2
12.2
214.8
222.0
386.2
391.3
392.2
39’7.3
408.1
63.8
59.7
66.0
85.1
87.2
91.9
91.7
91.6
91.8
94.0
92.5
93.3
94.8
99.8
102.5
183.6
194.8
200.9
201.4
203.2
264.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
100.0
100.7
68.0
68.4
68.8
69.2
69.9
70.5
70.5
70.9
71.2
71.6
100.8
409.5
101.0
72.0
314.7
101.0
415.7
318.6
104.5
101.5
423.1
72.4
101.9
106.0
322.3
72.8
428.3
C f i i ^ of Government Financing in the Office of the Secretary.
1 / United S tates savings bonds, Series A-F and J , are included a t current
redemption value.
Consists of commercial banks, tr u s t companies, and stock savings
banks in the United S tates and in T e rrito rie s and island possessions.
Figures exclude se cu rities held in tr u s t departments.
2 / Includes partnerships and personal t r u s t accounts.
Exclusive of banks and insurance companies.
5 / Consists of the investments of foreign balances and international
2J
7.5
20.6
20.0
Insurance ings
companies banks
.4
.5
.6
.7
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
11.6
5.3
5.4
5.3
5.3
5.3
5.5
5.6
5.7
5.2
14.9
11.0
12.2
12.0
14.2
23.2
23.0
23.8
26.0
25.0
27.0
27.8
25.7
24.7
24.2
25.5
27.8
27.9
26.0
39.1
41.5
42.1
41.6
44.4
42.3
43.4
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
Other
investors
6/
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
32.7
46.9
50.0
55.3
60.2
55.5
57.7
58.8
22.8
66.0
27.6
66.5
38.6
bJS.J
69.6
68.1
70.2
71.0
69.8
72.8
74.6
38.9
39.9
40.8
37.4
38.7
38.2
41.9
40.9
74.6
75.2
76.0
78.1
42.9
80.3
82.3
84.7
43.4
43.6
47.7
43.2
46.7
48.9
accounts in the United S tates. Beginning with July 1974 tlue fl,..
exclude noninterest-bearing notes issued to the In ternational Mone
ta ry Fund.
6 / Consists of savings and loan associations, nonprofit in s titu tio n s ,
corporate pension tr u s t funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2 / Includes U.S. savings notes. Sales began May 1, 1967 and were d is
continued a fte r June 30, 1970.
Preliminary.
69
May 1977
TREASURY SURVEY OP OWNERSHIP
MARCH 31, 1977
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the Februaiy 1962 Bulletin.
issued ly the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
.The similar proportion for corporations
Holdings by commercial banks distributed according to
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks ar«
State and local governments, 40 percent.
published for June 30 and December 31.
these institutions.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
T able T S O - 1 . - S u m m a r y of Federal Securities
(Par values - in m illions of dollars)
C lassificatio n
U.S. Govern
Total
ment ac
amount
counts and
outstand- Federal
ing 1 /
Reserve
banks
Held by priv ate investors covered in Treasury Survey
S tate and lo cal
Insurance companies
governments
467
486
447
mutual
186
savings
289
436 f ir e ,
savings
pension
314
and loan corpo general
life
and
re
banks
casualty,
associa ratio n s funds
and
tirement
2/
tions
funds
marine
Memorandum:
Held tw
62,975
coiT?orate
pension
tr u s t
funds
Total
private
inves
to rs
5,498
commer
c ia l
banks
2/
111,775
129,161
323,604
103,676
80,133
4,519
3*991
^DjlUU
1AA
5,605
14,284
9,195
3,429 196,347
103,676
9, 9a
"
240,937
427,279
80,133
4,519
3,991
6,100
5,605
14,284
9,195
3,429
9,941
A ll
other
priv ate
inves
to rs
2/
y
Public debt issues*.
T d e b T ^ c ^ / t i ^ pub- ^ —
Marketable
435,379
Nonmarketable
. . . . . . . . 232,837
Total in terest-b earin g
public debt s e c u ritie s . 668,216
Matured debt and debt
bearing no in te r e s t..........
992
Total public debt
s e c u ritie s ....................... 669,208
finTOmnP.nt axrenav issues:
4,711
Regular i s s u e s .... ..........
P articip atio n
c e rtific a te s 6 /.............
4,095
Total Government agency
' se c u ritie s covered in
Treasury Survey•••••••«
8,806
Nonsurveyed Government
2,128
agency s e c u r i t ie s .....*
Total Govt, agency
................... 10,934
se c u ritie s
Total Federal s e c u ritie s ... 680,142
j
’J
Footnotes at end of Table TSO-5.
992
240,937
300,023
992
“
428,271
80,133
4,519
3,991
6,100
5,605
14,284
9,195
3,429
301 015
9 941
248
4,463
836
199
94
29
120
172
278
285
2,450
51
1,675
2,420
793
148
83
205
140
74
134
748
95
536
1,923
6,883
1,629
347
177
234
260
246
412
1,033
2,545
587
130
1,998
2,053
242,990
437,152
8,881
70
Treasury Bulletin
.TREASURY SURVEY OP OWNERSHIP
MARCH 31, 1977
Table TSO-2. - Interest-Bearing M a r k e t a b l e Public D e b t Securities
by T y p e a n d M a t u r i t y Distribution
(Par values - m m illions of d o llars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1 /
C lassificatio n
Bv tvne secu rity;
Issued by U.S. Government:
Treasury b i l l s .....................
Treasury n o tes...............
T otal........ .............................
By m aturity d istrib u tio n :
Call classes (due or f i r s t
becoming c allab le):
1 to 5 y ears................. .
10 to 15 y ears.....................
20 years and over................
T o tal......................................
Maturity classes (fin a l
m aturity):
Within 1 y ear......................
1 to 5 y e a rs....................... .
15 to 20 y ears................... .
20 years and over................
T o tal.....................................
Insurance companies
State and local
governments
186
pension
314
general and re
funds
tirement
funds
Memorandum:
Held by
62,975
corporate
pension
tr u s t
funds
Held by
a ll
other
inves
to rs
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,498
commer
c ia l
banks
2/
467
mutual
savings
banks
2/
164,264
229,625
41,490
435,379
39,761
54,968
17,047
111,775
13,974
64,444
1,715
80,133
436
3,686
397
4,519
513
1,416
2,062
3,991
610
4,622
869
6,100
1,617
3,739
249
5,605
8,745
5,115
424
14,284
4,524
3,445
1,227
9,195
763
1,220
1,446
3,429
93,322
86,969
16,055
196,347
219,141
14.8,413
40,838
10,480
10,956
5,552
435,379
52,047
37,352
11,428
4,145
4,424
2,379
111,775
29,941
43,039
6,441
255
360
97
80,133
1,341
2,192
688
121
143
34
4,519
1,012
1,403
519
714
172
171
3,991
1,115
2,742
1,731
319
134
60
6,100
2,634
2,770
132
50
12
9
5,605
9,964
3,728
312
141
126
12
14,284
5,797
2,418
422
263
198
97
9,195
906
548
731
323
699
222
3,429
114,384
52,223
18,434
4,149
4,68S
2,470
196,347
2,393
3,116
2,545
175
1,327
385
9,941
218,080
147,108
43,204
4,258
7,460
15,269
435,379
51,652
37,125
12,050
1,211
3,271
6,467
111,775
29,881
42,980
6,559
137
186
390
1,333
2,185
703
88
48
162
969
1,125
840
513
238
306
4,519
3,991
2,627
2,734
174
22
33
15
5,605
9,959
3,708
337
83
108
89
14,284
5,728
2,341
568
128
177
253
9,195
829
507
848
167
190
887
3,429
114,020
51,701
19,319
1,755
3,030
6,522
196,347
2,375
3,115
2,560
127
64
1,700
80,133
1,081
2,702
1,805
154
179
180
6,100
Held by
a ll
other
inves
to rs 2
Memorandum:
Held by
62,975
corporate
pension
tru st
funds
f ir e ,
casualty,
and
marine
289
life
486
savings
and loan
associa
tions
447
corpo
rations
y
A/
1,821
6,152
1,969
.
9,941
9,941
Footnotes at end of Table TSO-5.
Table TSO-3. - Interest-Bearing M a r k e t a b l e Public D e b t Securities b y Issue
(Par values - in m illions of d o llars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstand
ing 1 /
Treasury B ills :
Regular weekly and annual
maturing:
May
1977..
June
1977..
July
1977..
Aug.
1977.,
Sept.
1977..
Oct.
1977..
Nov.
1977..
Dec.
1977..
1978.,
Jan.
1978..
Feb.
1978..
Mar.
Total Treasury B i l l s . . ........
Treasury Notes:
7-3/8$ Apr.
1977-H........
May
1977-1........
6-3/4
6-7/8
May
1977-C........
May
1977-D........
9
June 1977-J........
6-1/2
7-1/2
July
1977-K........
Footnotes at end of Table TSO-5.
U.S. Govern
ment ac
counts and
Fede ral
Rese
banks
eve
28,954
31,193
30,556
17,080
17,564
19,532
3,095
3,402
3,505
3,071
3,105
3,208
164,264
6,022
7,130
8,032
4,193
3,931
5,046
918
765
1,135
928
668
993
39,761
1,579
2,137
2,565
5,329
2,170
1,516
110
189
615
2,998
264
84
Insurance companies
5,498
commer
c ia l
banks
2/
1,412
2,941
1,994
1,442
1,681
1,502
177
299
531
633
835
527
467
mutual
savings
banks
2/
436 fire>
casualty,
and
marine
289
life
486
447
savings
and loan corpo
associa rations
tions
S tate and lo cal
governments
314
general
funds
3
513
107
160
75
90
54
45
23
20
11
14
8
2
610
120
110
137
206
190
425
52
111
95
73
37
59
1,617
670
1,159
646
1,072
1,374
2,068
296
360
349
396
279
78
8,745
1,064
1,013
840
347
416
357
150
90
115
40
77
14
4,524
11
31
18
21
22
- 12
16
22
47
11
29
15
39
76
64
9
44
39
69
59
67
4
111
16
49
127
83
10
76
101
165
87
122
72
46
8
2
3
13,974
64
68
40
75
48
43
26
16
10
11
22
14
436
646
708
784
692
639
655
37
54
36
13
50
78
-
5
-
186
pension
and r e
tirem ent
funds
219
270
252
17
2
3
-
*
763
_
2
*
1
2
1
/
y
19,110
18,255
18,419
9,567
9,822
10,034
1,452
1,737
1,258
972
1,181
1,517
93,322
453
430
341
77
147
249
43
24
13
15
25
4
1,821
600
871
851
1,569
934
515
26
16
14
10
12
13
May 1977
71
_ _ _ _ _ _ _ _ _ _ _ _ _ _ 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 , M A R C H 31, 107,7
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Par values - in m illions of d o llars)
Held by investors covered in Treasury burvey
issue
Total
amount
outstand
ing
1/
Treasury Notes—Contj,nued:
7-3/4$ Aug.
1977-B............
1977-L............
Aug.
8-1/4
8-3/8
Sept. 1977-M............
1977-N............
7-1/2
Oct.
6-5/8
Nov.
1977-Q............
Nov.
1977-E............
7-3/4
Dec.
1977-P............
7-1/4
1978- J ............
Jan.
6-3/8
1978-A............
Feb.
6-1/4
8
Feb.
1978-G............
Mar.
1978-K............
6-3/4
1978-L............
6-1/2
Apr.
7-1/8
May
1978-D............
7-1/8
May
1978-44............
7-7/8
May
1978-F............
6-7/8
June 1978-N............
6-7/8
July
1978-P............
7-5/8
Aug.
1978-E............
Aug.
1978-C............
8-3/4
6-5/8
Aug.
1978-Q............
Sept. 1978-R............
6- I /4
1978-S............
5-7/8
Oct.
Nov.
1978-T............
5-3/4
6
1978-B............
Nov.
Dec.
1978-U............
5-1/4
8-1/8
Dec.
1978-H............
5-7/8
Jan.
1979-L............
Feb.
1979-H............
7
5-7/8
Feb.
1979-M............
6
Mar.
1979-N............
7-7/8
May
1979-D............
June 1979-E............
7-3/4
Aug.
1979-A............
6-1/4
6-7/8
Aug.
1979-J............
8-1/2
Sept. 1979-F............
1979-K............
Nov.
6-1/4
6-5/8
1979-B............
Nov.
1979-C............
Nov.
7
Dec.
1979-G............
7-1/2
6-1/2
1980-G............
Feb.
1980-C............
7-1/2
Mar.
6-7/8
May
1980-A............
7-5/8
June 1980-D............
Aug.
1980-B............
9
6-7/8
Sept. 1980-E............
5-7/8
Dec.
1980-F............
Feb.
1981-A............
7
1981-C............
7-3/8
Feb.
6-7/8
Mar.
1981-H............
I 98I-D............
May
7-3/8
7-5/8
Aug.
1981-F............
1981-G............
Oct.
7
1981-B............
Nov.
7-3/4
6-1/8
1982-D............
Feb.
May
8
1982-A............
8-1/8
Aug.
1982-B............
7-7/8
1982-C............
Nov.
8
Feb.
1983-A............
7
Nov.
1983-B............
Feb.
1984-A............
7-1/4
7-7/8
May
1986-A............
8
Aug.
1986-B............
Exchange S e rie s.........................
Total Treasury Notes................
%reasury^oAds:
1975-85..........
4-1/4
May
June
3-1/4
1978-83..........
Feb.
1980................
4
1980................
3-1/2
Nov.
Aug.
1981...............
7
6-3/8
Feb.
1982................
Aug.
6-3/8
May
3-1/4
6-1/8
1986................
Nov.
Aug.
1987-92..........
4-1/4
Feb1988-93..........
4
7-1/2
Aug.
1988-93..........
May
4-1/8
1989-94..........
1990...............
Feb.
3-1/2
May
1990................
8-1/4
Feb.
6-3/4
May
1993-98..........
7
8-1/2
May
1994-99..........
Feb.
3
7-7/8
1995-2000....
Feb.
8-3/8
Aug.
1995-2000___
8
Aug.
1996-2001___
1998................
3-1/2
Nov.
May
2000-05..........
8-1/4
7-5/8
Feb.
2002-07..........
Total Treasury Bonds................
Total Marketable Public Debt
S e c u ritie s .........
Footnotes at end of Table TSO-5.
U.S. Govemcounts and
Federal
Reserve
banks
4,918
2,021
3,226
3,156
3,630
2,765
2,511
8,389
2,115
3,162
2,574
3,960
2,567
4,423
3,331
2,855
5,155
2,462
2,949
3,195
2,921
2,941
8,207
3,376
2,517
2,855
4,692
2,845
3,518
2,269
1,782
4,559
2,989
2,081
3,376
1,604
2,241
2,006
4,608
2,069
7,265
2,185
4,296
2,141
2,692
1,842
4,796
2,809
2,020
2,586
2,543
4,477
2,697
2,747
2,918
2,902
7,958
2,309
2,905
5,219
9,515
63
229,625
435,379
56
12
21
138
106
151
48
132
66
44
114
19
176
67
71
133
178
41
55
122
144
160
262
45
363
43
166
130
61
35
4
12
31
218
7
81
6
138
36
121
33
49
55
21
57
37
8
162
45
34
66
73
5
28
6
7
26
31
*
29
33
156
15
5,115
102
16
25
37
65
51
51
107
213
13
76
58
58
29
62
96
99
15
17
14
41
53
21
187
22
29
26
27
19
2
51
24
48
51
26
102
20
25
58
23
6
36
60
10
30
119
16
43
17
41
62
32
90
72
14
25
21
29
55
19
62
73
*
3,445
1,220
6
36
58
38
_
10
4
24
1
15
6
5
20
70
9
*
15
21
*
3
8
11
10
30
69
77
246
113
5
36
77
11
35
109
1
8
18
77
41
36
27
1
8
1
10
1
109
5
20
21
471
43
19
16
11
17
66
26
17
120
12
38
2,062
34
40
89
52
4
77
30
25
6
116
5
11
33
65
88
5
3
26
9
38
35
19
17
38
4
869
64
18
17
26
13
33
1
14
23
*
249
12
424
115
14
12
13
13
30
48
82
*
73
19
5
1,227
3,991
6,100
5,605
14,284
9,195
60
58
98
73
35
455
133
26
63
70
2
42
5
8
7
20
13
1
26
11
7
6
23
4
6
1
43
278
161
329
16
20
15
135
8
109
46
9
37
893
318
209
328
1,580
128
496
934
749
714
1,246
419
17,047
90
47
59
103
24
8
142
14
8
18
3
77
1,715
38
50
13
6
5
2
99
17
1
25
*
9
397
111,775
80,133
4,519
395
227
929
621
408
1,055
1,399
179 v
884
1,132
53
1,290
460
.
25
33
35
72
87
38
76
95
152
14
112
110
94
57
90
80
78
42
11
133
67
75
69
141
144
28
55
67
43
56
12
41
53
38
14
96
3
19
70
47
43
31
10
2
43
166
27
78
29
34
32
92
34
172
7
1
3
11
29
3
6
42
2
3,739
17
18
62
9
7
4
14
15
9
28
46
42
8
20
120
88
___12
1,416
-
S tate and lo cal
governments
186
pension
314
general and re
tirement
funds
funds
62
8
22
40
29
11
16
17
90
13
23
28
49
18
30
23
42
75
29
17
30
17
23
67
27
24
18
55
10
4
50
34
62
40
74
62
33
77
78
57
87
87
127
46
57
41
85
158
31
148
116
56
177
103
113
140
204
295
142
150
392
236
11
4,622
56
49
44
69
67
50
47
54
72
18
102
46
63
37
97
25
28
78
26
44
23
46
18
78
31
45
31
50
50
30
36
89
24
33
62
43
6
24
58
57
46
34
38
17
55
31
15
155
39
64
63
62
104
122
61
49
58
102
37
26
106
225
2
3,686
54,968
1,061
1,306
2,505
1,758
807
2,702
2,353
796
1,216
2,994
190
1,914
1,124
3,010
1,247
627
692
2,414
611
2,771
2,265
1,575
2,187
2,221
1,143
41,490
Insurance companies
467
mutual ■
savings
436 f i r e ,
289
banks
casualty,
life
2/
and
marine
1,067
878
1,137
1,268
957
1,083
1,082
780
1,604
599
1,327
790
1,538
1,049
1,247
1,175
1,470
1,182
709
1,098
1,191
1,173
938
1,505
1,030
1,203
1,203
1,281
1,023
700
899
759
702
836
566
1,291
172
668
811
1,785
821
583
734
406
1,040
1,050
550
1,558
677
707
1,045
1,111
980
1,056
355
390
714
1,016
789
626
599
1,728
9
64,444
1,642
123
87
197
96
1,263
289
270
3,352
51
262
392
946
161
1,511
742
305
2,552
635
162
410
181
216
3,594
493
162
34
1,713
157
523
508
108
1,788
830
219
176
1,142
442
93
1,451
149
5,563
266
2,680
131
32
556
892
20
140
162
31
1,839
5
1,439
1,081
703
2,080
92
937
773
1,861
2,628
5,498
commer
c ia l
banks
2/
486
savings
447
and loan corpo
associa rations
tions
21
16
47
41
51
41
28
10
50
16
22
3
40
3
28
1
1
15
28
1
-
3
11
133
12
22
14
33
1
1
2
8
19
2
10
14
1
5
6
-
4
9
8
1
6
-
-
7
22
1
3
4
*
2
3
-
9
-
-
Held by
a ll
other
inves
to rs 2/
Memorandum:
Held by
62,975
corporate
pension
tr u s t
funds
y
1,872
883
1,803
1,292
1,167
938
1,127
1,044
2,764
1,347
1,122
1,129
982
1,144
1,279
1,055
652
1,138
951
1,355
1,288
1,213
1,384
2,444
1,252
959
1,308
1,323
1,474
2,165
702
698
1,827
935
1,059
1,490
220
841
791
1,034
869
872
870
1,104
704
1,216
562
1,708
1,873
813
1,029
1,052
1,201
1,111
703
1,124
1,029
4,273
1,123
1,052
2,964
4,918
13
86,969
15
24
120
39
47
10
41
30
37
32
54
67
108
91
74
104
102
83
32
36
93
6
13
35
28
77
17
61
53
65
30
56
17
84
94
38
6
29
91
59
103
28
111
16
45
14
51
243
192
151
172
72
184
46
107
245
262
454
51
187
631
581
7
6,152
18
2
12
4
1
16
13
2
9
4
5
45
3
61
106
24
15
140
11
259
162
90
10
151
62
1,446
363
522
797
481
336
999
662
378
210
1,304
58
519
513
1,192
563
266
179
603
370
1,620
981
669
1,201
751
519
16,055
4
119
10
5
116
3
562
377
256
8
220
157
1,969
3,429
196,347
9,941
15
3
6
1
2
3
2
1
26
1
1
*
13
2
8
3
2
17
1
4
-
13
2
1
_
14
8
*
6
9
4
7
44
21
*
2
5
33
11
1
18
8
18
-
6
25
18
31
6
30
33
12
41
73
100
79
33
42
163
188
-
72
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1977.
Table TSO-4. - Securities Issued by Government Agencies
Held by investors covered in Treasury Survey
Type
Export- Import Bank:
Debentures..................
Issues to S tate and Local Govts.
(Mtg. Backed Bonds) 8 /................
P articip atio n C e rtific a te s..........
T otal..............................................
Federal Housing Administration:
Debentures........................................
Government National Mortgage
Association:
P articip atio n C e rtific a te s.. . . . .
U.S. Postal Service:
Bonds................................
Tennessee Valiev Authoritv:
Bonds..................................................
Total Government Agency Securities
covered by s u r v e y ....... ..............
Total
amount
outstand
ing 1 /
1,900
143
250
5,498
467
U.S. Govern commermutual
ment ac
savings
counts and banks
banks
Federal
2/
2/
Reserve
banks
105
732
46
486
447
savings
436 f i r e , and loan corpo
casualty, associa rations
and
tions
marine
Insurance companies
O.
So
i
d
'Q
i
life
20
18
84
State and lo cal
governments
186
general pension
funds
and re
tirem ent
funds
3U1
Held by
a ll
other
-inves
tors: 2 /
-- - ——■*
Memorandum:
Held by
62,975
corporate
pension
tr u s t
funds
y
172
108
7
607
5
172
143
12
264
71
78
47
654
3
8
3
59
337
*
122
677
48
533
4
22
139
4
2,293
16
120
81
813
~
4
24
10
28
2
86
593
107
40
13
25
1
8
3,845
1,659
712
140
79
195
138
250
37
15
17
9
4
3
1,825
-
48
123
41
5
25
-
19
197
1,366
42
8,806
1,923
1,629
347
177
234
260
246
412
1,033
2,545
587
8
74
Table TSO-5. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
Total
amount
outstand
ing 1 / 8 /
Banks fo r Cooperatives:
Debentures................................
Farm Credit Banks:
Discount N otes.......................... ..
gSCTSEg Home M in is tr a t ion:
Insured Notes..................................
Federal Home Loan Banks:
Discount Notes................................
Bonds......... .........
FHLMC Mtg. Backed C e rtific ates
& Bonds 1 0 /.................... ..
Issues to S tate and Local
Govts. 8 / IQ /................................
T otal.................................................
Federal Intermediate Credit Banks:
Debentures .2 /.........................
Federal Land Banks:
Bonds......................................... .
fed eral NatiQnal Mortgage Asso
ciatio n :
Discount N o tes..........................
Debentures........................ .
C apital Debentures.........................
Mtg. Backed Bonds..................
Issues to S tate and Local
Govts.
T otal....................... ....................... .
D is tric t of Columbia:
Stadium Bonds..................................
Total Government Sponsored Agency
S ecu rities covered in survey.. . . .
4,899
__________ (Par values - in m illions of dollars)
Held by investors covered in Treasury Survey
486
Insurance companies
5,498
467
447
U.S. Govern commer
savings
mutual
ment ac
and
loan corpo
c ia l
436
f
ir
e
,
savings
289
counts and banks
ra
tiQns
banks
life
casualty, associa
Federal
tions
and
2/
2/
Reserve
marine
banks______
97
1,378
22
37
197
168
317
25
39
19
16
10
183
111
94
197
56
240
513
1,648
33
279
51
507
3
224
8,410
832
10
112
857
150
1,446
371
162
341
16,285
126
3,485
36
568
1
*
1,768
70
243
7
731
112
104
28
43
227
42
2,750
25
967
1
84
13
359
359
18,483
1,768
3,723
707
10,670
418
2,172
389
13
17,304
954
3,581
584
200
175
5,689
173
97
12
2,785
47
59
545
30,392
2,892
8,153
Memorandum:
Held by
62,975
corporate
pension
tr u s t
funds 4 /
142
281
1,785
26,600
1,261
Held by
a ll
other
inves
to rs 2 /
1,127
5,008
1,498
State and lo cal
governments____
186
314
general pension
and re
funds
tirem ent
funds
6,410
964
317
928
339
9,351
995
99
539
215
579
45
6,202
114
60
313
597
326
495
399
9,995
614
19
90
26
426
321
9
119
3
12
50
13
3
3
2
13,415
781
13
922
8
103
384
214
976
120
29
1,264
57
1,198
1,252
6,134
1,396
119
545
1,750
382
15,408
1,111
1
4
18,209
3,633
46,329
2,946
S ecu rities issued by the Treasury and Government agendas that are
c la s sifie d as debt under the new unified budget concept. For debt
subject to lim ita tio n , see Table FD-9.
2/ Excludes t r u s t departments.
Included with a l l other investors are those banks, insurance companies,
2/ savings
and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are c e rta in Government deposit accounts and Government-sponsored
agencies.
y Consists of corporate pension tr u s t funds and p rofit-sharing plans
which involve retirem ent b en efits. The data are compiled from quar
te r ly reports by bank tru ste e s who report t o ta l number of funds
administered and Public Debt and Agency S ecurities held. I t is
estimated th a t these funds account for approximately 90 percent of
Federal S ecurities held by a l l corporate pension tr u s t funds. Since
th e data are not available each month, the regular monthly Survey
includes holdings by these funds under
rt by a l l ^ther priVn+n
2
11
1
461
1,352
499
1
1
3
494
1,307
3,859
5/
6/
7/
8/
2/
10/
*
43
26
2
1,762
4,419
1,731
i-ntmc+or-c,11 'I'b^
1
'ifvta
~.i*r
Le i a° supplemental
information in a memorandum column accompanying the Survey fo r each
reporting date, beginning with December 31, 1953.
Data on holdings of nonmarketable public debt were no longer collected
beginning w ith July 1974 Treasury Survey of Ownership.
Includes Export-Import Bank and Government National Mortgage Associ
ation p articip atio n c e r tific a te s .
Includes matured se c u ritie s outstanding on which in te re s t has cf»asp<iv
Direct Placements with S tate and Local Governments with various
in te re st ra te s and m aturity dates.
Includes se c u ritie s issued fo r use as c o lla te ra l fo r short-term
borrowings.
Obligation of the Federal Home Loan Mortgage Corporation. The
c a p ita l stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks.
Less than $500,000.
73
May 1977
. 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 , A P R I L 29, 1977.
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable secu
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
Amount outstanding
(m illions)
The securities
Table MQ-1.
26-week
13-week
26-week
Maturity
date
$2,603
2,703
2,506
2,609
2.503
$3,710
3,702
3.502
3,601
3,506
2,302
2,110
3,404
2,107
2.304
2.504
2,402
2,402
2.304
3.103
3.403
3.503
3,501
3.503
3,596
3,704
3,699
3.603
3.604
3,601
3.403
3.103
3.104
3.404
3.503
3.503
3,406
3,300
2/3/77
2/10/77
2/17/77
2/24/77
3/3/77
3/10/77
3/17/77
3/24/77
3/31/77
4/7/77
4/14/77
4/21/77
4/28/77
11/4/76
11/12/76
11/18/76
11/26/76
12/2/76
12/9/76
12/16/76
12/23/76
12/30/76
1/6/77
1/13/77
1/20/77
1/27/77
2/3/77
2/10/77
2/17/77
2/24/77
3/3/77
3/10/77
3/17/77
3/24/77
3/31/77
4/7/77
4/14/77
4/21/77
4/28/77
5/5/77
5/12/77
5/19/77
5/26/77
6/2/77
6/9/77
6/16/77
6/23/77
6/30/77
7/7/77
7/14/77
7/21/77
7/28/77
8/4/77
8/11/77
8/18/77
8/25/77
9/1/77
9/8/77
9/15/77
9/22/77
9/29/77
10/6/77
10/13/77
10/20/77
10/27/77
13-week
3,202
States Government are excluded.
Treasury Bills
Amount
outstanding
(m illions)
52-week
Bank discount
Issue date
Bid
4.54$
4.58
4.48
4.49
4.54
4.49
4.50
4.49
4.51
4.54
4.57
4.59
4.69
4.71
4.72
4.72
4.72
4.75
4.78
4.81
4.83
4.84
Securities
Change from
l a s t month
+.01$
$3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
3,105
3,208
3,342
2,965
+.05
-.05
-.05
-.01
-.07
-.07
-.08
-.03
-.07
-.07
-.07
-.01
+.01
.00
-.02
Bank discount
Issue
date
52-week
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
2/8/77
3/8/77
4/5/77
5/3/77
Maturity
date
Bid
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/13/77
1/10/78
2/7/78
3/7/78
4/4/78
5/2/78
4.53$
4.49
4.52
4.60
4.75
4.83
4.91
5.02
5.12
5.17
5.21
5.24
5.26
5.26
Change from
l a s t month
-.02$
-.06
-.0 6
-.10
.00
+.03
+.06
+.10
+.14
+.13
+.11
+.11
+.14
-.03
-.02
+.01
+.03
+.05
+.06
4.86
4.88
4.92
4.92
Table MQ-2. - Treasury Notes
_________ (Price decimals are 32ds)
Yield
Price
Amount
outstanding
(m illions)
Description
6-7/8$
9
6-3/4
6-1/2
7-1/2
$2,565
5,329
2,137
2,170
1,516
4,918
2,021
3,226
3,156
3,630
2,628
2,765
2,511
8,389
2,115
3,162
2,574
3,960
4,423
2,567
3,331
2,855
5,155
2,462
2,949
3,195
2,921
8,207
2,941
3,376
2,517
2,855
4,692
2,845
3,519
1,981
2,269
1,782
4,559
2,989
2,081
6-3/4
6-1/2
7-1/8
7-7/8
7-1/8
6-7/8
6-7/8
7-5/8
8-3/4
6-5/8
6-1/4
5-7/8
6
5-3/4
5-1/4
8-1/8
5-7/8
7
5-7/8
6
5-7/8
7-7/8
7-3/4
6-1/4
6-7/8
8-1/2
3,376
1,604
2,241
6-1/4
6-5/8
7
7-3/4
8-1/4
8-3/8
7-1/2
7-3/4
6-5/8
7-1/4
6-3/8
6-1/4
8
-
-
-
-
-
-
-
-
:
Bid
5/15/77-C
5/15/77-D
5/31/77-1
6/30/77-J
7/31/77-K
8/15/77-B
8/31/77-L
9/30/77-M
10/31/77-N
11/15/77-E
11/30/77-Q
12/31/77-P
1/31/78-J
2/15/78-A
2/28/78-G
3/31/78-K
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-E
8/15/78-C
8/31/78-Q
9/30/78-R
10/31/78-S
11/15/78-B
11/30/78-T
12/31/78-U
12/31/78-H
1/31/79-L
2/15/79-H
2/28/79-M
3/31/79-N
4/30/79-P
5/15/79-D
6/30/79-E
8/15/79-A
8/15/79-J
9/30/79-F
11/15/79-K
11/15/79-B
11/15/79-C
101.01
100.03
100.03
100.06
100.19
100.24
101.01
101.09
101.04
101.10
101.24
101.08
100.21
100.19
102.01
101.02
100.29
101.16
102.08
101.17
101.10
101.10
102.07
103.18
101.00
100.16
99.29
100.02
99.21
98.26
103.10
99.21
101.17
99.19
99.26
99.18
103.12
103.10
100.06
101.12
104.28
99.28
100.25
101.22
Change
from la s t
month
To
maturity
-.05
-.12
-.06
-.05
-.07
-.09
-.08
-.10
-.06
-.07
-.05
-.04
-.04
-.03
-.07
-.05
-.02
-.03
-.05
-.04
-.03
-.04
-.05
-.10
-.03
-.03
-.02
-.03
-.04
-.02
-.08
-.06
-.08
-.07
-.06
5.82$
6.13
5.41
5.23
4.99
5.04
4.99
5.17
5.17
5.24
5.30
5.31
5.47
5.47
5.46
5.54
5.55
5.61
5.61
5.64
5.69
5.77
5.82
5.85
5.83
5.88
5.94
5.96
5.98
6.01
6.00
6.09
6.09
6.11
6.11
6.11
6.09
6.09
6.16
6.22
6.29
6.30
6.29
6.27
-.04
.00
+.04
.00
-.08
-.02
+.01
+.03
Change
from l a s t
month
+.63$
+1.18
+.50
+.21
+.02
+.14
-.06
+.08
-.01
+ .02
+ .07
-.05
+.06
+ .04
+.02
+.06
-.01
-.03
-.02
+.01
.00
+.03
+.01
+.06
+.02
+.05
+.05
+.06
+.09
+ .07
+.05
+.12
+.10
+.13
+.11
.00
-.06
-.06
-.02
+.04
+.03
-.02
-.06
Price range since f i r s t traded 1 /
Price
2/15/74
8/15/74
5/27/75
6/30/75
7/31/75
8/15/70
8/29/75
9/30/75
10/31/75
11/15/74
3/3/76
12/31/75
2/2/76
2/15/71
10/7/75
3/31/76
5/17/76
2/18/75
8/15/75
6/1/76
6/30/76
7/21/76
5/15/75
5/15/74
8/31/76
9/30/76
11/1/76
11/15/71
11/30/76
12/31/76
10/22/75
2/3/77
2/17/76
2/28/77
3/31/77
5/2/77
11/6/74
7/9/75
8/15/72
8/16/76
9/4/75
11/15/76
2/15/73
11/15/73
Low
High
Issue
date
101.13
105.19
101.00
101.00
102.01
114.00
103.03
103.11
102.08
103.19
101.20
102.12
101.16
106.20
103.15
102.05
101.30
102.22
103.25
102.26
102.17
102.18
103.24
106.10
102.06
101.20
101.01
101.08
100.28
99.27
105.08
100.09
103.09
100.11
100.18
99.28
105.10
105.08
101.23
103.09
107.18
101.28
102.26
103.22
Date
2/21/75
2/21/75
4/14/76
12/3/76
1/29/76
4/21/76
1/12/76
1/12/76
12/7/76
2/21/75
12/3/76
12/3/76
12/7/76
3/22/71
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
2/5/75
12/3/76
12/10/76
12/10/76
12/3/76
12/10/76
12/27/76
12/3/76
4/14/77
12/2/76
4/14/77
4/14/77
4/20/77
12/2/76
12/3/76
12/10/76
12/10/76
12/2/76
12/10/76
12/10/76
12/10/76
Price
Date
94.29
99.31
97.17
97.00
98.18
97.04
99.26
99.31
100.02
98.30
99.08
100.02
98.20
92.06
99.12
99.00
98.17
96.27
98.16
99.18
99.22
99.29
97.26
99.24
99.28
99.22
99.13
90.10
99.05
98.07
100.07
99.08
98.23
99.14
99.25
99.18
98.04
97.16
90.04
99.27
90.23
99.05
91.02
92.16
8/26/74
8/23/74
9/16/75
9/16/75
9/16/75
8/26/74
9/15/75
9/17/75
12/9/75
9/16/75
5/27/76
5/27/76
5/27/76
8/23/74
9/30/75
5/27/76
5/27/76
9/16/75
9/16/75
5/27/76
6/28/76
7/21/76
9/16/75
8/23/74
8/20/76
9/24/76
2/2/77
8/23/74
2/2/77
2/2/77
10/15/75
2/2/77
3/4/76
2/24/77
3/28/77
4/29/77
9/15/75
9/15/75
8/23/74
9%l/75
2/2/77
8/23/74
8/23/74
Treasury Bulletin
74
. 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 , A P R I L 29, 1977,
Table MQ-2. - Treasury Notes— Continued
(Price decimals are 32ds)
Amount
outstanding
(m illions)
$2,006
4,608
2,069
7,265
2,185
4,296
2,141
2,692
1,842
4,796
2,809
2,020
2,586
2,543
4,477
2,697
2,613
2,747
2,918
2,902
7,958
2,309
2,905
5,219
9,515
17
15
3
2
1
2
3
*■
14
*
Yield
Price
Description
-
7-1/2#
6-1/2
7-1/2
6-7/8
7-5/8
12/31/79-G
2/15/80-G
3/31/80-C
5/15/80-A
6/30/80-D
8/15/80-B
9/30/80-E
12/31/80-F
2/15/81-A
2/15/81-C
3/31/81-H
5/15/81-D
8/15/81-F
ll/15/81-G
11/15/81-B
2/15/82-D
5/15/82-E
5/15/82-A
8/15/82-B
11/15/82-C
2/15/83-A
11/15/83-B
2/15/84-A
5/15/86-A
8/15/86-B
lO/l/77-EO
4/1/78-EA
10/1/78-E0
4/1/79-EA
10/1/79-E0
4/1/80-EA
10/1/80-E0
4/1/81-EA
10/1/81-E0
4/1/82-EA
-
-
9
6-7/8
5-7/8
7 '
7-3/8
6-7/8
7-3/8
7-5/8
7
7-3/4
6-1/8
7
8
8-1/8
7-7/8
8
7
7-1/4
7-7/8
8
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Bid
-
-
-
-
-
-
-
-
Change
from l a s t
month
To
m aturity
.00
-.03
-.01
+.01
-.01
-.01
.00
-.03
-.05
-.03
-.02
-.03
-.04
-.01
.00
+.01
+.07
+.10
+.08
+.06
+.02
+.03
-.06
-.10
-.07
+.08
+ .10
+ .10
+.10
+.10
+.10
+.08
+.10
+.10
+.12
6.32#
6.40
6.44
6.42
6.53
6.53
6.61
6.67
6.75
6.77
6.75
6.80
6.86
6.90
6.87
6.89
6.90
6.91
6.96
7.00
7.07
7.09
7.23
7.43
7.42
7.38
7.16
6.81
6.69
6.64
6.64
6.71
6.73
6.76
6.74
102.27
100.08
102.25
101.08
103.03
107.07
100.26
97.14
100.26
102.00
100.14
102.00
102.26
100.12
103.12
96.30
100.13
104.18
105.02
103.30
104.12
99.17
100.04
102.28
103.28
97.20
95.02
92.30
90.26
88.22
86.18
84.10
82.08
80.06
78.12
Price range since f i r s t trade 1 /
Change
from la s t
month
-.03#
+.03
-.02
-.02
-.02
-.04
-.01
+.05
+.04
+.02
+.02
+.02
+.02
+.01
-.01
.00
-.04
-.09
-.07
-.05
-.02
-.02
+.04
+.04
+.03
+.45
+.13
+.06
+.04
+.02
+.01
+.03
.00
.00
-.02
Issue
date
High
Price
1/6/76
2/15/77
3/17/76
5/15/73
6/10/76
8/15/74
8/31/76
11/30/76
2/15/74
2/18/75
3/8/77
1/26/76
7/9/76
10/12/76
11/15/74
1/6/77
4/4/77
5/15/75
8/15/75
11/17/75
2/17/76
11/15/76
2/15/77
5/17/76
8/16/76
10/1/72
4/1/73
10/1/73
4/1/74
10/1/74
4/1/75
10/1/75
4/1/76
10/1/76
4/1/77
Low
Date
105.04
101.12
105.04
103.12
105.23
110.06
103.19
100.11
103.28
105.08
101.28
105.06
106.10
104.10
106.30
99.30
101.25
108.04
108.20
107.20
108.08
104.04
101.25
107.20
108.20
97.20
95.02
92.30
90.26
88.22
86.18
84.10
82.08
80.06
78.12
12/2/76
4/4/77
12/2/76
12/10/76
12/2/76
12/10/76
12/2/76
12/3/76
11/26/76
12/2/76
4/14/77
11/26/76
12/2/76
11/26/76
12/2/76
12/31/76
4/14/77
12/3/76
12/10/76
12/3/76
12/3/76
12/10/76
4/14/77
12/30/76
12/30/76
4/29/77
4/29/77
4/29/77
4/29/77
4/29/77
4/29/77
4/29/77
4/29/77
4/29/77
4/29/77
Price
Date
99.14
99.17
99.11
91-.16
100.05
100.21
99.24
96.21
91.14
95.06
99.02
98.11
100.00
99.23
96.12
96.07
100.03
97.01
97.20
98.12
100.15
98.24
99.28
99.06
101.01
80.16
79.16
77.20
75.12
73.04
74.10
72.00
74.16
76.20
78.00
5/27/76
2/2/77
5/27/76
8/23/74
6/4/76
8/23/74
9/9/76
2/2/77
8/23/74
9/1/75
2/25/77
5/27/76
7/1/76
9/30/76
9/16/75
2/2/77
4/5/77
9/16/75
9/15/75
12/10/75
5/27/76
2/2/77
2/24/77
5/21/76
8/5/76
10/31/72
9/30/74
9/30/74
9/30/74
10/31/74
4/30/75
10/1/75
5/28/76
10/1/76
3/31/77
Footnotes a t end of Table MQ-3.
T ab l e M Q - 3 . - T r e a s u r y B o n d s
(Price decimals are 32d’s)
Price
Amount
out
standing
( m illio n s)
$2,504
1,757
807
2,702
1,300
1,059
2,353
792
1,216
2,992
1,247
2,986
189
627
1,914
1,120
609
692
2,175
2,414
2,771
2,265
1,575
2,221
1,143
Description
4#
3-1/2
7
6-3/8
3-1/4
4-1/4
6-3/8
3-1/4
6-1/8
3-1/2
8-1/4
4-1/4
4
6-3/4
7-1/2
4-1/8
3
7
3-1/2
8-1/2
7-7/8
8-3/8
8
8-1/4
7-5/8
_
_
_
_
_
-
-
_
_
_
_
•
-
-
_
-
2/15/80
11/15/80
8/15/81
2/15/82
6/15/78-83
5/15/75-85
8/15/84
5/15/85
11/15/86
2/15/90
5/15/90
8/15/87-92
2/15/88-93
2/15/93
8/15/88-93
5/15/89-94
2/15/95
5/15/93-98
11/15/98
5/15/94-99
2/15/95-00
8/15/95-00
8/15/96-01
5/15/00-05
2/15/02-07
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
2/
Yield
Bid
Change
from
la s t
month
94.17
91.19
100.28
98.04
82.28
83.03
95.15
78.00
93.26
72.06
105,. 24
74.00
72.24
95.14
99.30
73.04
71.30
97.24
72.00
106.31
101.13
106.00
102.14
105.02
98.14
+.17
+.21
-.14
.00
+.14
+.03
+.09
+.20
-.30
-.02
-.02
-.10
-.16
-.10
+.06
+.18
+.14
+.04
+ .20
+.07
+.03
+.08
+.04
+.08
-.02
Change
from
la s t
month
To f i r s t
c a ll or
maturity
2/
6.16$
6.18
6.76
6.84
6.71
7.04
7.00
6.86
7.03
6.79
7.55
7.06
6.85
7.24
7.51
6.82
5.49
7.21
5.79
7.76
-.15#
-.16
+.11
+.01
-.05
+ .01
-.05
-.08
+.15
+ .03
.00
+ .05
+.07
+.04
-.02
-.06
-.04
-.01
-.06
-.02
-.01
-.02
-.01
-.02
+.01
7.74
7.81
7.75
7.77
7.76
1 / Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices fo r p rio r dates are the mean of closing
bid and ask quotations. "When issued" prices are included in the
h istory beginning October 1941. Dates of highs and lows in case of
recurrences are the la te s t dates.
Price range since f i r s t traded 1 /
2/
j/
1/23/59
10/3/60
8/15/71
2/15/72
5/1/53
4/15/60
8/15/72
6/3/58
11/15/71
2/14/58
4/7/75
8/15/62
1/17/63
1/10/73
8/15/73
4/18/63
2/15/55
5/15/73
10/3/60
5/15/74
2/18/75
8/15/75
8/16/76
5/15/75
2/15/77
Low
High
Issue
date
Price
Date
Price
103.18
97.24
110.02
101.14
111.28
105.28
100.10
101.04
100.20
106.26
111.05
104.10
100.11
99.22
104.14
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
100.10
5/21/61
5/21/61
11/15/71
3/9/72
8/4/54
5/5/61
12/3/76
6/11/58
11/5/71
4/21/58
12/31/76
12/26/62
1/16/63
1/4/73
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
12/31/76
12/31/76
12/31/76
12/31/76
12/31/76
4/14/77
71.04
66.24
93.16
86.16
62.02
66.30
87.12
61.08
85.04
59.20
97.00
63.00
62.18
82.18
89.16
61.26
59.20
84.04
59.20
97.02
91.22
96.04
99.30
95.00
97.24
Date
12/29/69
5/24/70
9/18/74
8/28/74
5/26/70
5/26/70
8/27/74
5/26/70
9/29/74
5/26/70
9/12/75
5/26/70
5/26/70
8/26/74
8/26/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
9/16/75
9/16/75
8/10/76
9/15/75
2/24/77
On callab le issues market convention tre a ts the y ields to e a r lie s t
c a ll date as more sig n ific a n t when an issue is s e llin g above par,
and to maturity when i t is s e llin g a t par or below.
Included in the average y ield of long term taxable Treasury bonds
as shown under "Average y ields of Long-Term Bonds."
YIELDS OF TREASURY SECURITIES APRIL 2 9 ,1 9 7 7
B a s e d o n closing bid quotations
1977
1978
1979
1980
1981
1982
1983
&
1984
1985
1986
VO
1987
<-3
£>
G
O
H
>
l-H
o
§
§
m
fc
cj
3
co
w
o
a
»
w
CO
P
CO
<1
Of
76
Treasury Bulletin
_________________________________ 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 n S
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal B o n d s by Periods
S. I . A.
Aa new
corporate new Aa
municipal
bonds 2 / bonds J /
Treasury
bonds 1/
Period
S. I . A. |
new Aa
II Treasury
municipal I bonds 1 /
bonds 2 / 1
Monthly se rie s - avera ges of d aily or weekly
Treasury
bonds 1 /
Aa new
corporate
bonds
1966
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
June.......................
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.18
5.16
5.39
5.28
5.40
5.23 5 /
5.09
5.04
5.09
5.24
5.36
5.66
Period
1976
Nov.
5,
12,
19
26,
Deo.
3,
10,
17,
24.
31.
1/
Treasury
bonds 1 /
6.69
6.71
6.62
6.52
6.43
6.37
6.40
6.39
6.37
2/
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
7j
S. I . A.
Aa new
new Aa
corporate municipal
bonds 2/
bands 2 /
se rie s
1969
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 1 /
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 5 /
5.97
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46
5.48
5.62
Aa new
corporate
bonds 2 /
S. I . A.
new Aa
municipal
bonds
8.20
8.22
8.18
8.09
n .a.
5.99
5.94
n .a .
8.00
7.90
7.94
7.91
7.74
5.60
5.40
5.42
5.23
n .a.
U
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
9.00
8.84
9.00
9.09
9.53
9.70
9.09
9.08
9.00
9.14
8.97
8.13
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
5.62
5.67
5.66
5.74
5.64
5.59
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
5.59 4 /
5.59
5.70
5.69
5.51
5.63
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.20
5.96
6.14
6.20
6.11
6.25
6.32
6.53
6.85
6.41
6.25
6.30
6.35
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
7.09
7.02
7.18
7.33 5 /
7.30
7.22
6.93
6.77
U
U
U
2J
Treasury
bonds 1/
Aa new
corporate
bonds
1221
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
1974
8.32
8.21
8.60
9.04
9.39
9.59
10.18
10.30
10.44
10.29
9.22
9.47
Ij
U
W2J
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
6.68
6.66
6.77
7.05
7.01
6.86
6.89
7.11
7.28
7.29
7.21
7.17
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
6.93
6.92
6.88
6.73
7.01
6.92
6.85
6.82
6.70
6.65
6.62 5 /
6.38
5.19
5.25
5.42
5.61
5.89
5.92
6.75
6.55
6.64
6.33
6.33
6.86
6.68
7.16 V
7.20
7.13
9.17
8.84
9.48
9.81
9.76
9.27
9.56
9.71
9.89
9.54
9.48
9.59
1976
8.97
8.71
8.73
8.68
9.00
8.90
8.76
8.59
8.37
8.25
8.17
7.90
1977
7.96
8.18
8.33
8.30
Treasury
oonds 1 /
Aa new
corporate
bonds
S. I.
2/
Aa new
corporate
bonds 2 /
S. I . A.
new Aa
municipal
bonds
y
1975
1972
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
A.
new Aa
municipal
bonds 3 /
Weekly se ries - average for weeks ending -
Period
Treasury
bonds 1 /
___
Period
U
U
2J
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.79
6.67
6.62
6.32
6.17
6.34
5.97
6.38
6.39
6.36
6.01
5.87
5.91
5.97
5.41
5.52
5.41
5.59
5.30
S. I. A.
new Aa
municipal
bonds
2/
1977
14..........
21..........
28 . , . ,
Feb.
4..........
18..........
6.42
6.62
6.72
6.88
7.15
7.16
7.13
7.17
A/
Treasury bond yields are based on a composite of closing bid quotations
in the over-the-counter market. Series includes bonds on which the
in te re st income i s subject to normal tax and surtax which are neith er
due nor callable before 10 years. For bonds currently in se rie s, see
Table MQ-3.
2 / Treasury se ries based on reoffering yields of new corporate bonds with
5 years c a ll protection and rated Aa by Moody’s Investors Service.
Prior to June 1973, th is se ries reflec te d bonds without c a ll protec
7.69
7.99
8.09
8.09
n .a .
5.38
5.75
5.43
8.10
8.13
8.21
8.27
n .a.
5.39
5.37
5.48
Mar.
4,
11.
18.
25.
Apr. 1,
8.
15.
22.
29.
7.20
7.22
7.20
7.19
7.19
7.18
7.11
7.09
7.15
8.29
8.31
8.34
8.37
8.35
8.31
8.26
8.28
8.36
5.65
5.60
5.70
5.40
5.55
5.62
n .a .
5.00
5.20
tio n . The value of 5 years c a ll protection in th a t period ranged from
10 to 25 basis points.
2 / Index of new issue reoffering yields on Aa 20 year general obligations
compiled by S ecu ritie s Industry Association. Weekly se ries are not
available p rio r to January 1970.
4 / One or more new long-term bonds added to the average.
5 / An existing bond dropped from the average,
n .a .
Not available.
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE, AND MUNICIPAL BONDS
PERCENT
PERCENT
^1
v|
10.0
10.0
9.0
>
<1
8.0
7.0
>
a
t-1
d
GO
o
r
o
6.0
a
H
H
dd
o
5.0
2
d
GO
4.0
3.0
1967
1968
1969
1970
1971
1972
1973
1974
1975
* Change in Aa computation method effective June 1973. See footnote 2 following table AY-1.
1976
1977
78
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
A number of changes
were introduced in the May 1967 and July Y)1Z issues of the
Bulletin to increase the usefulness of this section.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-1. - U.S. Reserve Assets
End of
calendar year
or month
195 7
195 8
195 9
196 0
1961...
1962...
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1976-Apr.,
May.,
June,
July,
Aug.,
Sept,
Oct..
Nov.,
Dec.,
1977-Jan..
Feb..
Mar..
Apr..
1/
2/
2/
k/
1/
6/
2/
8/
(In m illions of dollars)
Gold rftock l /
Total
reserve
assets
Total 2/
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
14,882
14,830
13,235
12,065
15,710
16,964 2/
14,487
12,167 _2/
13,151 J § /
14,378
15,883
16,226
18.747 11/
17,438 11/
17,958 1 1 /
18,477 11/
10,892
13,806
2Q/
18,246 11/
11,859
11,072
10,206
10,487 _2/
11.652 IQ /
11.652
11,599
11.598
11.599
11.598
11.598
18,586 11/
18,945 11/
19,013 11/
19,416 1 1 /
18.747 1 1 /
11.598
11.598
11.598
11.598
11.598
11.598
19,087 1 1 /
19,122 1 1 /
19,127r H /
18,868 1 1 /
11.658
11.658
11.658
11.658
Includes gold sold to the United S tates by the In ternational Monetary
Fund with the rig h t of repurchase, and gold deposited by the Interna
tio n a l Monetary Fund to m itigate the impact on the U.S. gold stock of
foreign purchases fo r the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding l i a b i l i t i e s see Table
IFS-2.
,
4
Includes gold held by the Exchange S ta b iliz a tio n Fund (ESF). see
"Account of the U.S. Treasury,11 Table UST-3.
Includes i n i t i a l allo catio n on January 1, 1970 of $867 m illion, second
allo catio n on January 1, 1971 of $717 m illion and th ird allo catio n
on January 1, 1972’of $710 m illion of special drawing rig h ts (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and Federal Reserve System.
The United S tates has the rig h t iTo purchase foreign currencies equiva
le n t to i t s reserve p o sition in the Fund autom atically i f needed.
Under appropriate conditions the United S tates could purchase addi
tio n a l amounts related to the United S tates quota. See Table IFS-5.
Reserve po sitio n includes, and gold stock excludes, $259 m illion gold
subscription to the Fund in June 1965 fo r a U.S. quota increase which
became effe ctiv e on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, th is gold subscription was
included in the U.S. gold stock and excluded from the reserve posi
tio n .
Includes gain of $67 m illion resu ltin g from revaluation of the Ger
man mark in October 1969, of which $13 m illion represents gain on
German mark holdings a t the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 m illion increase in d o llar value of foreign currencies
revalued to re fle c t market exchange ra te s as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
2/
Treasury
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 &
13,159
11,982
10.367
10.367
10,732
10,132
10,410 2
_/
11,567 1 2/
11,652
11,599
11.598
11.599
11.598
11.598
11.598
11.598
11.598
11.598
11.598
11.598
11,658
11,650
11,636
11,636
10/
11/
Special
drawing
rig h ts
Convertible
foreign
currencies 4/
1,975
1,958
1.997
1,555
1,690
1,064
1,035
769
863 6/
116
99
212
851
1,100
1,958 2 /
2,166 1 0 /
2.374
2,335
2.395 1 1 /
2.325 1 1 /
2,309 1 1 /
2,316 H /
2,318 1 1 /
2.325 1 1 /
2,357 1 1 /
2,352 n /
2,365 H /
2.395 1 1 /
432
781
1,321
2,345
3,528
2,781
629
276
241
8
5
80
320
936
938
1,365
864
845
U
£/
2,212
4,43 4 1 1 /
2,578 1 1 /
3,113 1 1 /
3,198 n/
320
372
262
261
106
4,682 11/
4.819 1 1 /
4,812 1 1 /
4,72011/
1,066
1,146
13/
326
420
1,290
2,324
1,935
585
465 2/
552 1 0 /
1,852
3,466
3.818
3,952
3.997
4,307
4,434
1,038
2.375 1 1 /
2.383
2,396r"2/
2.384 1 1 /
Reserve
p o sitio n in
In tern atio n al
Monetary Fund J5/
11/
U/
11/
11/
H/
11/
Total reserve assets include increase of $1,016 m illion resu ltin g frc*.
change in par value of the U.S. d o llar in May 1972, consisting of
$828 m illion to t a l gold stock, $822 m illion Treasury gold stock, $155
m illion special drawing rig h ts and $33 m illion reserve p o sitio n in
the International Monetary Fund.
Total reserve assets include increase of $1,436 m illion resu ltin g from
change in par value of the d o llar on October 18, 1973, consisting of
$1,165 m illion to ta l gold stock, $1,157 m illion Treasury gold stock,
$217 m illion special drawing rig h ts , and $54 m illion reserve positio n
in the International Monetary Fund.
Beginning July 1974, the IMF adopted a technique fo r valuing the SDR
based on a weighted-average of exchange ra te s fo r the currencies of
16 member countries. The United S tates SDR holdings and reserve
position in the IMF are also valued on th is b asis beginning July
1974. At valuation used p rio r to July 1974 (SDR 1=$1.20635), the
following end-of-month values amounted to (in m illions of d o llars):
SDR holdings
U.S. reserve p osition
U.S. to ta l
(net)
i n ,the IMF
1976-Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977-Jan.
Feb.
Mar.
Apr.
Revised.
2,438
M
il
2,438
2,438
2,438
2,457
2,457
2,481
2,487
1;$
2,487
2,475
2,690
3,246
3,318
3,583
3,922
4,034
4,087
4,415
4,495
4,797
4,918
4,898
4,781
17,663
18,220
18,719
18,483
18,803
19,127
19,208
19,640
18,900
19,304
19,020
May 1977
79
______INTERNATIONAL FINANCIAL STATISTICS______
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
(In m illions of dollars)
L ia b ilitie s to foreign countries
End of
calendar
year or
month
Total
Total
Short
Market
term
l i a b i l - able U.S.
Treasury
itie s
reported bonds
by banks and
notes
in U.S.
2/
1957...................................
1958..................................
1959...................................
1960 1 0 /...........................
1961 1 0 /...........................
1962 1 0/...........................
1963 1 0/...........................
1964 1 0 /...........................
1965...................................
1966 1 0 /...........................
1967 1 0 /...........................
15,825 2 /
16,845 2 /
19,428
f 20,994
21,027
/ 22,853
22,936
24,268
< 24,268
\
{
f
f 26,433
\
/
i
26,394
29,313
29;364
29,568
r 31,144
< 31,019
f 35,819
35,667
/ 38,687
38,473
/ 45,755 11/
45,914
47,009
46,960
f 67,681
67,808
1970 1 0 /...........................
{
\
\
f
1971 10/ 1 2/...................
{
1972..................................
1973...................................
1974 1 0 /...........................
82,861
92,490 2 2 /
119,240
\ 119,163
126,556
151,331
129,539
136,670
139,007
135,216
1968 1 0 /...........................
1969 1 0 /...........................
1975...................................
1976 .................................
W/f-Mar ..........
June.........................
Ju ly .........................
Dec...........................
1977-Jan...........................
Mar.p.......................
I
139,179
138,768
140,833
143,728
144,643
151,331
147,912
149,094
151,583
7,917
8,665
9,154
10,212
10,212
10,940
10,940
11,997
11,963
n .a .
n .a .
966
866
876
890
890
751
751
1,217
1,183
1,125
1,125
1,105
860
860
908
908
544
544
14,459
12,467
12.467
14,425
3.5,790
13,224
15^786
13,220
13,066
15,825
14,840
12,484
14,895
12,539
18,201
14,034
14,027
18,194
17,407
11,318
11,318
17,340
15,975 11/11,054
15,998
11,077
23,786
19,333
23,775
19,333
51,209
39,679
39,018
50,651
_
_
_
_
-
40,000
61,526
•66,861 12/43,923
76,801
53,057
53^079
76*823
49,513
80,695
53,478
91,850
49,522
82,469
50,561
84,285
85,684
51,613
85,192
50,039
50,496
85,932
51,246
86,725
49,655
86,085
86,827
49,017
87,746
49,274
53,478
91,850
54,515
93,045
54,796
93,859
55,913
96,408
5,236
5,701
5,059
5,059
6,671
11,788
7,788
8,245
8,508
9,225
200
200
500
800
800
800
800
800
800
800
800
800
800
834
1,011
1,011
1,033
1,033
1,030
1,030
1,019
1,019
566
566
n .a .
n .a .
10,120
11,078
11,088
11,830
11,830
12,948
12,914
(
2/ Includes Bank fo r International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; break
down of transactions by type of holder estimated 1960-1963.
Excludes notes issued to foreign o f fic ia l nonreserve agencies.
5 / Includes long-term l i a b i l i t i e s reported by banks in the United
S tates and debt se c u ritie s of U.S. Federally-sponsored agencies
and U.S. corporations.
6/ Includes short-term l i a b i l i t ie s payable in dollars to foreign banks,
and short-term l i a b i l i t ie s payable in foreign currencies to foreign
banks and to "other foreigners."
Othier
readily
market
able
l ia b il
itie s
Liquid
lia b i l
i ti e s
to
banks
6/ /
1/
_
-
_
-
_
_
-
-
3,472
3,520
4,678
4,818
4,818
_
200
200
_
_
-
5,404
5,484
5,346
5,346
766
766
1,283
1,283
1,534
583
583
1,452
1,452
9
9
158
158
120
913
913
1,807
1,807
3,219
3,219
3,070 11/
3,070
3,452
3,452
9,431
9,534
2,341
2,341
1,505
1,505
695
695
144
144
-
346
346
306
295
1,955
1,955
15,747
543
15,564 12/ 1,673
2,346
16,339
16,339
2*346
19,976
4,535
20,648
5,936
5,108
20,051
5,328
20,151
5,412
20,151
20,251
5,677
5,766
20,151
19,801
5,843
5,827
19,803
20,876
5,907
21,131
5,974
20,648
5,936
20,622
5,891
20,496
5,842
21,106
5,861
9,519
9,835
10,800
11,027
11,367
11,788
12,017
12,725
13,528
Note: Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United S tates.
Data correspond generally to s ta tis ti c s following in th is section and
in the "C apital Movements" section, except fo r the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
o f fic ia l nonreserve agencies and the inclusion of investments by
foreign o f fic ia l reserve agencies in debt se c u ritie s of U.S. Fed
erally - sponsored agencies and U.S. corporations. Table excludes
In tern atio n al Monetary Fund "holdings of d o lla rs," and holdings of
U.S. Treasury le t t e r s of c re d it and nonnegotiable noninterest-bearing
sp ecial U.S. notes held by other in tern atio n a l and regional organ
izatio n s .
1 / Includes l i a b i l i t y on gold deposited by the In ternational Monetary
Fund to m itigate the impact on the U.S. gold stock of foreign pur
chases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations a t cost value and funds awaiting
investment obtained from proceeds of sales of gold by the In ter
n ational Monetary Fund to the United S tates to acquire income-earning
.2/
Nonmarket
able U.S.
Treasury
bonds and
notes 4/
529
462
7/
Liquid
lia b ilitie s
to nonmone
tary in
terna tion^
Short
Market^
a
term
able U.S, l and re
gional or
a b il
Gov’t .
Total li
ganizations
bonds
itie s
reported and notes 8 /
by banks
in U.S.
Liquid l i a b i l i t i e s
to other foreigners
O fficial in stitu tio n s 2 /
Liquid
lia b ilitie s
to IMF
a risin g from
gold trans
actions l /
2/1/
n .a.
n .a.
2,940
2,773
2,780
2,871
2,873
3,013
3,013
2,252
2,430
2,399
2,230
2,230
2,355
2,357
2,565
2,565
n .a .
n .a .
541
543
550
516
516
448
448
764
1,047
1,190
1,525
1,541
1,948
1,949
2,161
2,195
5,817
5,817
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14,472
14,472
23,638
23,645
17,137
17,169
10,262
10,949
3,397
3,387
3,730
3,753
4,059
4,271
4,272
4,685
4,678
3,046
3,046
3,354
3,377
3,587
3,743
3,744
4,127
4,120
351
341
376
376
472
528
528
558
558
4,464
4,589
4,676
4,604
4,138
4,141
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,694
609
465
525
525
647
565
447
447
1,960
1,965
1,722
1,722
1,431
906
905
691
677
725
722
14,666
17,694
30,314
30,106
29,516
37,429
30,482
35,204
36,367
32,642
5,043
5,932
8,803
8,912
10,718
13,569
10,864
11,507
11,294
11,435
11,749
12,134
12,345
12,326
13,282
13,569
13,438
14,077.
14,107
4,618
5,502
8,305
8j 414
10,017
12,592
10,104
10,743
10,548
10,634
10,918
11,223
11,474
11,399
12,312
12,592
12,441
13,056
12,929
425
430
498
498
701
977
760
764
746
801
34,753
32,853
34,641
36,940
35,384
37,429
33,510
33,173
32,941
5,053
4,909
831
911
871
927
970
977
997
1,021
1,178
659
663
844
846
1,528
1,523
1,626
2,003
3,322
3*322
5,627
8,483
5,724
5,674
5,662
5,947
6,745
7,056
7,762
7,635
8,231
8,483
7,919
7,985
8,127
Includes marketable U.S. Government bonds and notes held by foreign
banks.
P rincipally the International Bank fo r Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
2/
Includes to ta l foreign holdings of U.S. Government bonds and notes,
for which breakdown by -type of holder is not av ailab le.
10/ Data on the two lin es shown fo r th is date d iffe r because of changes
in reporting coverage. Figures on the f i r s t lin e are comparable in
coverage to those shown fo r the preceding date; figures on the second
lin e are comparable to those shown for the following date.
11/ Includes $101 m illion increase in d o llar value of foreign currency
l i a b i l i t ie s re su ltin g from revaluation of the German mark in October
1969, as follows: liq u id $17 m illion; other $84 m illion.
12/ Data on the second lin e d iffe r from those on the f i r s t lin e because
certain accounts previously c la s sifie d as " o f fic ia l in stitu tio n s"
are included with "banks"; a number of reporting banks are included
in the se ries for the f i r s t time; and foreign currency l i a b i l i t i e s
to o f f ic ia l in s titu tio n s of foreign countries are increased in value
ly $110 m illion to r e fle c t market exchange ra te s as of December 31,
1971, as follows: U.S. Treasury c e r tific a te s , $7 m illion; nonmarket
able U.S. Treasury bonds and notes, $103 m illion.
13/ Includes $162 m illion increase in d o llar value of foreign currency
l i a b i l i t i e s to o f fic ia l in stitu tio n s of foreign countries revalued to
r e fle c t market exchange ra te s, as follows: short-term l i a b i l i t ie s ,
$15 m illion; and nonmarketable U.S. Treasury notes, $147 m illion.
n .a . Not available,
p Preliminary.
8/
Treasury Bulletin
80
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In millions of dollars)
End of
calendar year
196 3
.
Total
foreign
countries
.
18,194
2/____
17.407
17,340
8,070
8,062
14,425
15.786
15,825
i960 y....,
196 7
1968
1/
8,508
9,325
8,826
7,771
7*771
10,321
196 4
196 5
1969 a / . ...
1970
2/____
1971
2/1/-
1972....
197 3
1974 2/;
1975.
1976
1976-Max..
Apr..
May..
June.
July.
Aug..
Sept.
Oet..
Nov..
Dee..
1977-Jan. .,
Feb.p.,
Mar.p.,
Latin
American
Republics
Western
Europe
1.333
1.333
1,310
1,866
15,975 4/
15*998
p
Other
countries
2/
17T"
178
245
1,582
154
160
194
278
278
250
1.865
1.865
5,043
4,997
259
303
248
302
1,888
m
m
407
1*911
im
23.786
23^775
51,209
50,65L
Africa
2,740
3,028
3,309
3,900
3,955
4,428
1^310
1,867
248
248
303
m
s
30,134
2,951
2^951
3.980
3.980
1,414
1,429
13^823
407
415
415
34,197
45,764 6/
44.328
44.328
4,279
3,853
3,662
3,662
1,733
2,544
4.419
4.419
17,577
10,887
18,604
18,626
777
788
3.161
3.161
2,963
3,025
2.627
2.627
45,684
45.855
3,132
3.406
4,448
22,551
4,853
34,112
2,983
1.843
1,897
1.781
82,469
84,285
85,684
85,192
43,451
43,589
43,250
42,432
3,663
3,600
3,590
3,578
3,779
3.852
3,827
4,104
26,951
28,665
30,099
29,933
2,718
2,805
3,141
3,245
1,907
1,774
1,777
1,900
85,932
86,725
86,085
86,827
87,746
91.850
42,325
41,508
41,565
41,935
44,076
45.855
3,410
3,212
3,406
4,000
4,378
4,286
4,090
4,086
4.853
30,998
32,633
32,43*4
33,438
33,907
34,112
3,134
3,098
2,759
2,414
1,925
1.843
2,065
1,896
1,624
1,561
1,346
1.781
93,045
93,859
96.408
.5,927
•6,109
47,894
3,197
2,844
2,684
4,541
4^525
4,741
35,561
36,458
37,427
1,757
1*770
1^679
2,062
2,153
1,983
61,526
66,861
76,801
76,823
80,695
91.850
30,010
6/
S:
m
3,417
3,389
2.406
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign official nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations.
Includes Bank for International Settlements and European Fund.
Includes countries in Oceania , Eastern Europe and We'stern European
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
2/
1,058
1,283
1,550
1,310
1,789
1,812
1,702
Asia
4/
Sj
j
6/
871
870
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries, are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
May 1977
81
_______ I N T E R N A T I O N A L F I N A N C I A L S T A T I S T I C S ^ _ _
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(la millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year of
month
Total
Total
_
251
893
1,440
1.692
695
1,563
3,330
3,181
3,563
9,657 5 /
15,872
15,669 6 /
16,339
19,976
20,648
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
14,867
18,377
19,102
20,151
20,151
20,251
20,151
19,801
19,803
20,876
21,131
20,648
20,622
20,496
21,106
20,776
18,552
18,552
18,652
18,552
18,202
18,204
19,277
19,552
19,102
19,102
19.002
19,645
19,342
U
1976...............................................
1976-Apr........................................
May........................................
June......................................
Ju ly......................................
Aug........................................
Sept......................................
Oct........................................
Nov........................................
Dec........................................
1977-Jan........................................
Feb........................................
Mar........................................
Belgium
_
-
32
32
32
32
20
_
_
_
_
_
-
-
Canada
1/
Denmark
_
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
I ta ly
2/
Korea
_
_
-
-
13
-
-
-
-
-
20
_
_
_
_
_
2,275
2,275
2,375
2,275
1,925
1,925
1,925
1,800
1,650
1,650
1,550
1,550
1,550
Germany
_
-
5,000
11,315
11,670
12,327
16,277
16,879
16,277
16,277
16,277
16,277
16,277
16,279
16,779
17,179
16,879
16,879
16,879
17,522
17,219
_
_
15
15
15
15
15
_
_
_
_
-
160
184
177
146
135
25
22
22
_
_
_
_
“
-
Sweden Switzer
land
_
25
25
25
25
25
25
-
_
_
-
-
-
-
-
_
_
_
-
Taiwan Thailand
573
_
_
573
573
573
573
573
573
573
_
100
100
100
100
100
_
-
20
20
20
20
20
_
-
-
-
-
Payable in foreign currencies
End of
calendar
year or
month
1976..................
1976-Apr................
May..... ..........
June....... ........
Aug...............
Sept................
Oct...... .........
Nov..............
Dec................
1977-Jan...............
Feb...............
Mar...... .........
Total
251
730
1,086
1,208
342
1,047
1,638
1,750 U
1,083
1,827 5/
1,539
1,459 6/
1,472
1,599
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
1,434
Austria
Belgium
_
50
50
101
25
50
50
30
30
30
30
60
_
-
-
-
-
-
-
_
_
-
_
_
Note: For further information, see "Public Debt Operations," Tables
PD0-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114'million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2J In addition, nonmarketable Treasury notes amounting to $125 million
Germany
1/
_
275
679
602
50
601
1,051
1,084 U
542
612
306
_
_
Italy
200
200
-
125
125
125
226
125
_
_
_
_
-
-
-
-
_
-
Switzerland
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
1,434
Bank for
International
Settlements
_
_
70
93
-
_
_
_
_
_
_
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
ij Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark In October 1969. See also footnote 7,
Table IFS-1.
J5/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IFS-1.
6/ Includes $15 million increase in March and $147 million increase in*
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
Treasury Bulletin
INTERNATIONAL
FINANCIAL STATISTICS _
Table IFS-5. - U.S. Position in the International Monetary F u n d
(In m illions of dollars)
Transactions affectin g IMF holdings of dollars
during period
U.S. transactions with IMF
Calendar year
or month
Pay
ments of Net
gold
sub
sales
sc rip
by IMF
tio n in
1/
dollars
600
1946-58....................................... 2,063
1,031
_
150
_
_
_
_
_
_
_
_
776
_
_
22
1,155
712 2 /
*
541
754 8/
_
10
_
_
_
_
9
_
1
_
_
_
_
Sept....................................
_
_
_
Nov......................................
§/
-
1977-Jan.................................... .
Feb......................................
Mar.................................... .
_
_
-
-
99
Net
borrow
ings by
IMF
g/
Trans
actions
in
foreign
curren
cies
_
2/
-
-
-
-
-
-
-
-
-
_
_
_
_
_
_
_
_
-
392
21
-
525
435
680
-84
150
1,362
200
-133
-
_
_
_
_
_
_
_
_
_
_
-
IMF net
income
in
dollars
Transactions by
other countries
with IMF
Total
change
Amount
1,098
442
580
521
719
207
5
1
268
741
40
195
426
792
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
70
74
20
40
25
10
90
35
-169
-556
-72
-265
-339
-112
-54
-328
-80
5,393
4,836
4,764
4,500
4,161
4,049
3,996
3,668
3,587
133
56
4
113
104
-121
20
117
3,691
3,570 2 /
3,590 2 /
3,707 2 /
Purchases
of
d o llars
Repur
chases
in
dollars
-47
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
-59
-219
-572
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
-
-7
-127
-15
-6
-146
-28
-8
-133
-6
-7
-132
-5
5
-232
-429
-140
-280
-233
-111
-56
-285
-109
-513
-47
_
-
Note:
The i n i t i a l U.S. quota in the International Monetary Fund was
$2,750 m illion. The U.S. quota was increased to $4,125 m illion in
1959, $5,160 m illion in February 1966, and $6,700 m illion in December
1970, and revalued to $7,274 m illion in May 1972 and $8,083 m illion
in October 1973 as a re s u lt of changes in the par value of the d o llar.
Under the A rticles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in d o llars.
1 / Represents net Fund sales of gold to acquire U.S. dollars for use in
Fond operations. Does not include transactions in gold re la tin g to
gold deposits or gold investment (see Table IFS-2).
2 / Represents net loans made to the IMF under the General Arrangements
to Borrow.
P ositive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of d o llars; negative figures
represent repurchases of d o llars, including do llars derived from
charges on purchases and from other net d o llar income of the Fund.
The United S tates has a commitment to repurchase within 3-5 years,
but only to the extent th a t the Fund' s holdings of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
Beginning January 1970, includes dollars obtained by countries other
than the United S tates from sales of gold to the Fund.
5 / Represents the United S tates gold tranche position in the Fund (the
United S tates quota, plus net U.S. loans to the IMF, minus Fund’s
holdings of d o lla rs), which is the amount th a t the United S tates could
purchase in foreign currencies autom atically i f needed. Under
appropriate conditions, the United S tates could purchase additional
amounts re la te d to the United S tates quota.
(J
-
-1,073
-442
-2,078
IMF holdings
of d o llars a t
end of period
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
2/
2/
2/
2/
2/
2/
2/
91
%/
V
67
60
59
56
51
50
49
45
44
46
44
44
46
1,958
1,997
1,555
1,690
1,064
1,035
769
863
326
420
1,290
2,324
1,935
585
465
552
1,852
2,212
4,434
2,578
3,113
3,198
3,466
3,818
3,952
3,997
4,307
4,434
4,682
4,819
4,812
4,720
6/
10/
10/
IQ/
10/
6/ Includes $259 m illion gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effe ctiv e on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
th is gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
2/ Includes $30 m illion of special drawing rig h ts .
8/ Represents amount payable in d o llars to the Fund to maintain the
value of Fund holdings of U.S. d o llars.
2/ Excludes currency valuation adjustments for each month as follows
(in m illions of d o llars).
Payable to
the U.S.
2/
y
Percent
of
U.S.
quota
U.S.
reserve
position
in IMF
a t end of
period
5/
1976-Ap r
May.................................
June...............................
Ju ly ...............................
Aug.................................
Sept...............................
Oct.................................
Nov.................................
Dec.................................
1977-Ja n
Feb.................................
Mar.................................
Apr.................................
26
31
8
15
29
-
Payable to
the IMF
8
2
12
20
34
10
9
9
10/ Includes valuation adjustments on net borrowings by the IMF due to
changes arisin g from fluctuations in the dollar value of the IMF's
u n it of account (SDR), for each month as follows (in m illions of
d o lla rs ):
1977-Jan.........................
Feb.........................
Mar.........................
Apr..........................
Less than $500,000.
Increase or
Decrease
-4
1
l
1
(-)
83
May 1977
_ _ _ _ _ _ _ _ INTERNATIONAL FINANCIAL STATISTICS___________
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change re la tiv e to exchange ra te s as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. d o llar 1 /
Vis-a-Vis
End of calendar
year or month
Currencies of 46 main
trading countries
-0.9
—
4.8
-4.9
-9.6
-9.6
-4.6
-1.2
Currencies of
OECD countries 2 /
-2.0
-8.2
2/
-9.4
-14.6
-16.0
1976-Apr..........................................................................
Apr.p............. .......................................................
-10.9
-10.3
-10.7
-10.1
-10.9
-11.1
-11.2
-11.8
-11.2
- 8.2
-10.3
-9.6
-9.1
-9 .4
-9 .9
-4.0
-3.4
-3.7
-3.8
-3.8
-2.4
-0.8
+1.0
-0.1
+0.4
+0.4
+0.2
1 / This tab le presents calculations of weighted average percentage changes
in the ra te s of exchange between the d o llar and certain foreign curren
c ie s , in order to provide a measure of changes in the d o lla r 's general
foreign exchange value broader than a measure provided by any single
exchange r a te change. Calculations are provided fo r two se ts of
countries th a t account for a major share of U.S. foreign trad e. U.S.
b ila te r a l trade patterns in 1972 are used as a convenient, read ily
available proxy for the assignment of re la tiv e weights to individual
exchange r a te changes,though sxch weights do not provide a f u ll
measure of individual currencies1 re la tiv e importance in U.S. in te r
n ational transactions because they take no account of factors other
than trad e. The calculations do not purport to represent a guide to
measuring the impact of exchange r a te changes on U.S. in tern atio n al
tran sactio ns.
Exchange ra te data used in constructing the indices reported here d iffe r
somewhat from those used in e a r lie r calculations to more accurately
r e fle c t end-of-period currency values.
The equations used are as follows:
(EQ2)
W here:
Xi/ZX i s U .S. e x p o r ts t o c o u n tr y i , a s
a p r o p o r tio n o f t o t a l U .S . e x p o r ts t o
a l l c o u n t r ie s in t h e s e t .
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange ra te change:
(EQ3)
E = [ (Ejn * m /m +x)*(-l)] + [Ex * x/m+x]
W here:
Em = I ( A $ / f c i * Mi/ZM)
W here:
M^/SM i s U .S . im p o rts from c o u n tr y i , a s
a p r o p o r tio n o f t o t a l U .S. im p o rts from
a l l c o u n trie s in th e s e t .
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
m/m+x i s U.S. im p o rts a s a p r o p o r tio n
o f i t s t o t a l t r a d e w ith a l l c o u n t r i e s i n
t h e s e t ; and
x/m+x i s U.S. e x p o r ts a s a p r o p o r t i o n o f
i t s t o t a l t r a d e w ith a l l c o u n t r i e s m th e
s e t.
E^ i s th e w e ig h te d a v e ra g e o f p e r c e n ta g e
ch an g es i n th e d o l l a r c o s t o f i n d i v i d u a l
fo re ig n c u rre n c ie s ;
A $ /f c i i s th e p e r c e n t change i n t h e d o l l a r
c o s t o f f o r e i g n c u rre n c y i? and
Ex i s th e w e ig h te d a v e ra g e o f p e r c e n ta g e
changes i n t h e f o r e ig n c u rre n c y c o s t o f
d o lla rs ;
A f c j/$ i s th e p e r c e n t change i n th e
f o r e i g n c u rre n c y i c o s t o f d o l l a r s ; and
Equation one i s used to calculate a trade-weighted average of changes
in the d o llar cost of foreign currencies;
(EQ1)
Ex = Z(AfC i/ $ * Xj/ZX)
2j A ustralia,
2/
p
A ustria, Belgium-Luxembourg, Canada, Denmark, Finland, Frsince
Germany, Greece, Iceland, Ireland, I ta ly , Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
/
The currencies of 46 IMF member'cotrn.tries which account fo r approximately
90$ of U.S. to ta l trad e,
Preliminary.
84
Treasury Bulletin
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 65o0 of January 1 % 1^34, Execu
tive Order 10033 of February 3,
and Treasury regulations
promulgated thereunder. The regulations were amended in Jan
uary 1977 to acknowledge the effects of the International In
vestment Survey Act of 1976whichprovides additional author
ity for the collect *on of data on international capital flows
and international investment. Statistics on the principal
•types of data and the principal countries are published month
ly in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated and are pubLi shed by the Treasury
as promptly as possible*
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent rreneral revision of the report forms became effec
tive with reports as of May 31, l W . The report forms (for
merly Treasury Foreign Exchange Forms) were redesignated in
January I°77 as Treasury International Capital Forms. 1/
The present form of the published presentation of the
"Capital. Movements” statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder said type of liability' and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks axe reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which axe included in the classification "Other
Western Europe.”
"Short-term" refers to obligations payable on demand
or having an original maturity of one yeax or less. "Long
term” refers to obligations having an original maturity of
more than one yeax, and includes securities having no con
tractual maturity.
Report 1iht 0 overace
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns Ir* the United States, in
cluding the brancnes, agencies, subsidiaries, and other affll*ates in the United States of foreign firms. Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level are exempt from
reporting.
^anks file reports monthly covering their short-term and
long-term liabilities to and claims on foreigners; an exemp
tion of $^00,000, based on the average for the report dates
during a six-nionth period, including the current report date,
is applicable to reports in each of these categories. Twice
a year they also report their short-term dollar liabilities
to foreigners in countries not shown separately on the monthly
report of liabilities. Banks, securities brokers and dealers,
and in some instances, nonbanking concerns, report monthly
their transactions In securities with foreigners; the appli
cable exemption level is $500,000 on the grand total of pur
chases and on the grand total of sales during the month covered
by the report.
Quarterly reports are filed by exporters, importers, In
dustrial and commercial concerns, fTnancial institutions other
than banks and brokers, and other nonbanking firms if their
liabilities or claims, on the six-months average basis, are
$500,000 or more. Such firms also report the liquid portion
of their claims for each month-end when they have reportable
claims of $3 million or more. The foreign credit and debit
balances of securities brokers and dealers were reported quar
terly through March 1°76; the exemption level applicable to
these reports was $100,000.
Description of statistics
Data collected on the Treasury International Capital
Forms are published in the "Treasury Bulletin" in six sec
tions. Each section contains all the data relevant to the
same statistical series, with tables showing time series by
type and country, and the detailed breakdowns of the latest
available data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment” of the Fund, however, axe included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
85
May 1977
CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms ,financial institutions
other than banks and brokers, and other noribanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures axe shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics" section, Table TFS-b). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments
as issues of U.S. corporations.
l/ Copies of the
The geographical breakdown of the data on securities'
transactions shows the country of domicile of the foreign
buyers aftd* sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
United States balance of payments.
reporting forms and instructions may be obtained from the Office of S ta tis tic a l Reports, Office of the A ssistant Secretary fo r International
A ffairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
86
____________________ CAPITAL MOVEMENTS____________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
(In m illions of dollars)
111 .“ .1
Foreign countries
Official institutions 1/
Total
short
term
liabili
ties
TotaL
1963..........
14,383
15,367
17,261
18,701
f 20,015
{ 20,098
J 21,958
^ 21,958
22,877
1964 5/........
f 25,467
End of
calendar year
or month
1957..........
1958..........
1959..........
I960..........
1961 5/........
1962 5/........
25,518
1965..........
25,551
1966 5/........
f 27,724
[ 27,599
International and regional
Banks and other foreigners
Payable in dollars
Payable
in
Total
Other
foreign
Banks
foreigners currencies
IMF
gold
invest
ment zl
Non
monetary
interna
tional and
regional
Total
Payable
in
dollars
Payable
in
foreign
currencies
13,641
14,615
16,231
17,260
18,699
18,781
19,908
19,874
21,330
7,917
8,665
9,154
10,212
10,940
10,940
11,997
11,963
12,467
7,917
8,665
9,154
10,212
10,893
10,893
11,949
11,915
12,437
46
46
48
48
30
5,724
5,950
7,076
7,047
7,759
7,841
7,911
7,911
8,863
3,413
3,460
4,601
4,705
5,299
5,380
5,251
5,251
5,713
2,252
2,430
2,398
2,230
2*356
2,357
2,564
2,564
3,046
59
59
77
113
104
104
95
95
104
742
752
1,031
1,442
1,317
1,317
2,050
2,084
1,547
200
200
500
691 u
613 U
613 U
800
800
739 U
23,849
23,900
13,224
13,220
13,224
13,220
_
-
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
24,072
26,343
26,219
29,370
29,232
30,234
13,066
12,484
12,539
14,034
14,027
11,318
13,066
11,968
12,022
13,882
13,876
10,855
517
517
152
152
463
11,006
13,859
13,680
15,337
15,205
18,916
7,360
10,023
9,864
11,132
11,008
14,298
3,587
3,743
3,743
4,128
4,120
4,444
59
93
72
77
77
173
1,479
1,381
1,381
1,287
1,273
1,483
800
800
800
800
800
800
679
581
581
487
473
683
Total
2/
542
552
531
751
704
704
1,250
1,284
808
1968..........
/ 30,657
{ 30,505
31,717
1969 5/........
f 40,040
40,199
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
1970 5/........
41,719
41,761
40,499
40,541
19,333
19,333
19,184
19,185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
1971 5/........
f 55,404
1972..........
1973..........
55,428
60,697
69,074
53,632
53,661
59,284
67,119
39,679
39,018 6
j'
40,000
43,923
39,521
38,854 6/
39,829
43,796
158
165 2/
171
127 8/
13,954
14,643 6/
19,284
23,196
10,034
10,721 6/
14,340
17,224
3,692
3,694
4,618
5,503
228
228
325
469
1,772
1,767
1,413
1,955
1,372
1,367
1,413
1,955
1974 5/........
f 94,847
91,676
91,600
89,046
52,930
52,952
49,513
53,478
127
127 8/
-
38,619
38,520
39,532
50,021
29,676
29,467
28,966
36,710
8,304
8,414
10,017
12,592
639
639
549
719
3,171
3,171
5,293
5,450
400
400
_
-
49,522
50,561
51,613
50,039
50,496
51,246
49,654
49,017
49,273
53,478
54,515
54,796
55,913
40,586
45,947
46,916
43,276
45,671
44,077
46,115
48,339
47,696
50,021
29,915
34,441
35,640
31,955
34,086
32,192
33,944
36,178
34,608
36,710
32,788
32*,364
32,083
10,104
10,743
10,548
10,634
10,918
11,223
11,474
11,399
12,312
12,592
12,436
13*056
12,929
567
763
727
687
667
661
697
762
776
719
728
809
858
4,769
5,519
5,512
5,365
5,671
5,649
5,966
5,102
5,506
5,450
4,625
3,918
4,309
1967 2/........
1975..........
1976...........'
1976-Mar......
Apr......
June.....
July......
Aug......
Sept.....
Oct......
Nov......
Dec......
1977-Jan......
Feb.p....
94,771
94,338
108,949
103,499
53,057
53,079
49,513
53,478
94,877
102,026*
104,041
98,680
101,837
100,972
101,736
102,458
102,475
10$,949
105.091
104,943
106.092
90,108
96,507
98,528
93,315
96,166
95,323
95,770
97,356
96,969
103,499
100,466
101,025
101,783
49",522
50,561
51,613
50,039
50,496
51,246
49,654
49,017
49,273
53,478
54,515
54,796
55,913
_
-
% %
:
Includes Bank fo r International Settlem ents and European Fund.
Short-term U.S. Government obligations a t cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tio n a l Monetary Fund to the United S tates to acquire income-earning
a sse ts . Upon term ination of investment, the same quantity of gold
was reacquired by the In ternational Monetary Fund.
2 / P rin cip ally the Intern atio n al Bank for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of se c u ritie s in IMF gold investment account
($14 m illion a t end 1971).
4 / In addition, IMF gold investment included investments in U.S. Govern
ment bonds and notes which amounted to $109 m illion a t end i960, $187
m illion a t end 1961, and $61 m illion a t end 1963.
5 / Data on the two lin e s shown fo r th is date d iffe r because of changes
45,870
1/
Zj
6/
2/
8/
p
3,171
3,171
5,293
5,450
_
'
1
4,769
5,519
5,512
5,365
5,671
5,649
5,966
5,102
5,506
5,450
4,625
3,918
4,309
in reporting coverage. Figures on the f i r s t lin e are comparable in
coverage to those shown fo r the preceding date; figures on the second
lin e are comparable to those shown fo r the following date,.
Data on the second lin e d iffe r from those on the f i r s t lin e because
c ertain accounts previously c la s sifie d as " o ffic ia l in s titu tio n s ” are
included with "banks" and a number of reporting banks are included in
the se rie s fo r the f i r s t time.
Second lin e includes $7 m illion increase in d o llar value of foreign
currency obligations revalued to re fle c t market exchange ra te s as of
Dec. 31, 1971.
Includes $15 m illion increase in d o llar value of foreign currency
l i a b i l i t i e s revalued to r e fle c t market exchange r a te s ,
Preliminary.
87
May 1977
.CAPITAL MOVEMENTS,
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
(In millions of dollars)
O fficial in stitu tio n s 1 /
Banks and other foreigners
Payable in dollars
Payable in dollars
End of
calendar
or month
Total
foreigi^
coun
t r ie s
Deposits
U.S.
Time
2/
Treasury
b i l l s an<
c e r t if i
cates
4,246
3,059
4,392
3,511
16,231
5,738
2,834
3,038
17,260
I960.
6,193
6.412
3.389
/l8,699
1961 i / . ,
6.412
3.389
]18,781
3,2£l
7,759
1962 2 /.,
7*759
3J234
21,330 1,402
7,548
2,451
196 3
2,820
/23,849 1.591
7.554
1964 i / . ,
2,816
\23,900 1.591
7.554
24,072 1,535
2,862
7,186
196 5
2,612
6,343 2 1.679
1966 1 /.,
2*668
26,219 1.679
2,462
7.985
2.054
1967 i / . ,
2,458
7.985
2.054
5,486
2,149
1,899
1968........
29,370
29,232 1,918
2,951
3.844
1969
30,234 1.930
2,942
3.844
2.554 13.367
1970 2 /.,
138,631 1,652
1,652
13.367
2.554
V38,786
2,504 32,311
1971 2/A/- /4°,499 1,620
2,0394/32,311
1,3274/
UO,541
2,1 31.453
19 7 2 ....,
1.591
p3,632
V>3,661 2,125
3,911 31,511
197 3
34.656
59,284 2,951
1974 1 /..
34.656
67,119 2*951
197 5
J91,676 2,644
3,423 34.182
1976
2.335 37.675
\91,600
3.394
2,630 34,989
1976-Mar...
89,046 2,671
A p r... 103.499 2,782
2,330 36.183
May.. .
2,400 36,846
90,108 2,799
June..
2,632
2,395 35,519
96,507
98,528 2,932
J u ly ..
2,251 36,016
Aug...
93,315 2,380
2,207 36,974
S ep t..
2,144 33,653
96,166 2,544
O ct...
2,127 35,241
95,323 2,706
Nov.. .
2,685
2,149 34.656
95,770
Dec...
2.335 37.675
3.394
97,356
1977-Jan. .
2,456 38,081
96,969
2.931
2,376 39,559
Feb.p. 103.499 2,404
2,273
40.454
Mar. p. 100,466 2,606
101,025
101,783
195 7
195 8
195 9
13,641
14,615
i
m
1/.,
m
£
2/
4/
Other
short
term
lia b ili-|
t ie s 2 /
Payable
in
foreign
cur
rencies
612
582
982
1,092
1,036
1,378
1,321
2,139
2,158
1,612
1,612
3,086
3,177
3,905
6,248
11,066
11,178
9,264
10.075
9,232
9,266
9,568
9,493
9,297
9,685
9,314
8,943
9,783
10.075
11,047
10,457
10,580
Demand
Other
U.S.
short
Treasury term
b i l l s and l i a b i l i
c e r t if i t ie s 2 /
cates
Time
2/
158
131
492
76
43
43
83
83
4,210
46
46
30
1.259
1.259
1,483
1,361
1,360
1,380
Deposits
2,737
3,017
3,369
762
1,092
Other foreigners
517
517
152
152
463
4,854
4,917
4,678
4 678
4,102
838
5,006
5,027
4.941
6,795
967
967
900
6,636
7,933
7,763
10,374
202
16,745
16,756
202
12,376
148
148
12,385
7,047
158
165 1 / 3,3994,
4,658
171
127 6 / 6.941
8,248
127
127
8,231
7,534
9.104
7,247
7,883
7,737
8,099
7,987
7,929
8,233
8,361
8,897
9.104
8,475
9,387
3,477
Includes Bank for In ternational Settlements and European Fund.
Time deposits exclude negotiable time c e rtific a te s of deposit, which
are included in "Other short-term l i a b i l i t i e s . "
Data on the two lin e s shown fo r th is date d iffe r because of changes
in reporting coverage. Figures on the f i r s t lin e are comparable in
coverage to those shown for the preceding date; figures on the second
lin e are comparable to those shown for the following date.
Data on the second lin e d if fe r from those on the f i r s t lin e because
those l i a b i l i t i e s of U.S. banks to th e ir foreign branches and those
l i a b i l i t i e s of U.S. agencies and branches of foreign banks to th e ir
head o ffices and foreign branches which were previously reported as
m
1.142
1.142
1,273
1,9
1,999
1,326
1,354
850
3201/
405
529
1.942
1,910
1.942
2.479
2,268
2,310
2,084
1,884
2,275
2,206
2,578
2,291
1,949
2.479
2,074
1,779
1,777
j>/
6/
p
Deposits
Time
2/
518
1,766
1,951
1,833
1,849
1.976
1.977
2,096
2*096
312
740
419
402
420
490
490
142
142
704
1,039
1,077
113
1,406
966
1,257
1,271
1,594
2,052
2,054
2,199
1,811
1,935
I’M
129
129
30
20
20
14
14
1,927
1,973
2,621
1.693
1.693
1,797
4,658
4,644
1,709
1,711
3,202
1,688
1*688
3,197
1,660
6,9954/ 1,660
9,272
1,955
9,743
2,143
2.729
19,254
2.729
19,094
19,155
3,248
4.015
24,957
20,187
3,043
3,439
24,114
25,668
3,219
21,818
3,146
3,307
23,669
21,895
3,505
22.956
3,686
3,335
25,303
23,589
3,943
24.957
4.015
22,116
3,741
21,096
4,091
21,721
3,864
2,130
5
11
232
232
335
169
214
134
151
154
155
162
176
223
174
169
122
102
108
i;513
I’M
lj895
1,663
1,666
2,116
2,359
3,796
3,744
4,823
6.524
5,247
5,392
5,419J
5.527
5.527
5,618
5,771
5,965
209
174
270
233
149
149
116
116
230
230
119
72
72
87
83
83
81
81
469
502
503
332
107
107
131
131
96
96
65
68
277
277
342
198
276
361
6,461
372
335
333
353
259
274
209
6.524
198
6,636
183
229
6,813
6,917
Other
short
term
lia b ili
tie s 2 /
278
306
295
148
1,493
1,523
lj531
1,574
1,513
m
U.S.
Treasury
b i l l s and
c e rtifi
cates
248
352
352
302
292
362
312
312
274
271
481
933
1,502
1,664
1,604
1.854
1.538
1,551
1.538
1,626
1,751
1,747
1,759
1,824
1,700
1.854
1,876
1,924
1,900
Payable
in
foreign
cur
rencies
59
59
77
113
104
104
95
95
104
118
90
59
77
77
173
226
226
228
228
325
469
639
639
549
719
567
763
727
687
667
661
697
762
776
719
728
809
858
deposits are included in "Other short-term l i a b i l i t ie s " ; certain
accounts previously c la ssifie d as " o ffic ia l in stitu tio n s" are in
cluded with " banks"; and a number or reporting banks are included in
the se ries for the f i r s t time.
Second lin e includes $7 m illion increase in d o llar value of foreign
currency obligations revalued to re fle c t market exchange rates as of
December 31, 1971.
Includes $15 m illion increase in d o llar value of foreign currency
l i a b i l i t i e s revalued to r e f ls e t market exchange ra te s ,
Preliminary.
Treasury Bulletin
88
___________________ CAPITAL MOVEMENTS_____________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table C M -1-2. - Short-Term Liabilities by Type of Liability— Continued
Part B - International and Regional Organizations
(la millions of dollars)
Nonmonetary in tern atio n al and regional organizations 2 /
End of
calendar year
or month
Total
international
and regional
742
752
f
1
1QM /
f
\
1969 5 / ....................................................
(
[
1974
; *..................................................
S e p t.,.......................................
Oct.................................... .............
Dec. .........................................
1977-Jan..................................................
1,031
1,442
1,317
2,050
2,084
1,547
1,618
1,479
1,381
1,287
1,273
1,483
1,413
1,221
1,772
1,767
1,413
1,955
IMF gold
investment:
U.S. Treasury
b i l l s and
c e rtific a te s 1 /
200
200
500
691
613
800
800
739
800
800
800
800
800
800
800
400
400
400
-
-
5,293
5,450
4,769
5,519
5,512.
5,365
5,671
5,649
5,966
5,102
5,506
5,450
-
4,625
3,918
4,309
Time
%)
U
y
-
-
-
-
70
66
42
56
67
67
68
62
69
73
73
86
101
384
207
200
139
124
120
113
83
159
192
192
202
83
139
139
290
130
140
91
258
111
148
208
192
193
185
160
192
148
151
164
199
208
230
237
236
483
379
331
256
287
290
166
216
229
ij In addition,
2;
U.S. Treasury
b i l l s and
c e rtific a te s
490
219
354
540
568
y
1 / Short-term U.S. Government obligations a t cost value, and deposits
awaiting investment (less than $500,000 on a l l dates shown), obtained
from proceeds of sales of gold by the In ternational Monetary Fund
to the United S tates to acquire income-earning a ssets. Upon term intio n of investment, the same quantity of gold was reacquired by the
In tern ational Monetary Fund.
P rin cip ally the International Bank fo r Reconstruction and Development
and th e Inter-American Development Bank; excludes Bank for Interna
tio n a l Settlements and European Fund. Includes differences between
cost value and face amount of se c u ritie s in IMG gold investment
account ($14 m illion a t end 1971)*
2 / Time deposits exclude negotiable time c e r tific a te s of deposit, which
are included in "Other short-term l i a b i l i t i e s . ”
7j
Demand
209
76
-
3,171
Deposits
343
449
532
294
572
572
215
231
170
212
178
178
394
244
211
211
211
326
296
497
2,554
2,701
2,495
2,739
2,876
2,236
3,129
3,475
4,031
3,196
3,604
2,701
2,890
2,779
2,743
Other
short-term
lia b ilitie s
2
*
6
*
55
138
145
138
314
266
173
118
107
108
224
381
896
892
800
1,474
2,424
2,451
2,251 6 /
1,952 tf
1,430
2,361 %/
2,711 &
1,868
1,647 6 /
1,453 y
1,486 6/
1,416 y
2,251 6
1,339 6 /
686£/
1 ,1016/
£/
£/
/
IMF gold investment included investments in U.S. Gov
ernment bonds and notes which amounted to $109 m illion a t end i960,
$187 m illion a t end 1961, and $61 m illion a t end 1963.
5 / Data on the two lin e s shown for th is date d iffe r because of changes
in reporting coverage. Figures on the f i r s t lin e are comparable in
coverage to those shown fo r the preceding date; fig u res on the second
lin e are comparable to those shown fo r the following date.
j6/ Includes l i a b i l i t i e s payable in foreign currencies as follows
(in m illions of d o llars):
1976-Mar____
Apr.. , ,
May--------June......5
July...,,6
Aug... . ,..8
Sept. . , ...4
Oct
Nov.. . . ...4
Dec. , , ,
1977-Jan,
Feb
Mar, ,
p
*
Preliminary.
Less than $500,000.
May 1977
&
_______________________________________ C A P I T A L M O V E M E N T S __________________________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position a t end of period in m illions of dollars)
Calendar year
1976
Country
1974 1 /
Europe*
A u stria.....................................................
Belgium-Luxembourg................................
Denmark.....................................................
g/
Intern atio n al and regional*
In tern atio n al..........................................
European regional..................................
Latin American regional.......................
Asian reg io n al........................................
African reg io n al.....................................
Total in tern ational and r e g io n a l....
Grand t o t a l ..............................................
1976
Oct.
Nov.
607
2,506
369
266
4,287
9,420
248
2,617
3,234
1,040
310
382
1,138
9,986
152
7,559
183
4,073
55
82
151
48,668
3,517
607
2,506
369
266
4,287
9,429
248
2,577
3,234
1,040
310
382
1,138
10,139
152
7,584
183
4,073
55
82
151
48,813
3,520
754
2,898
332
391
7,733
4,357
284
1,072
3,411
996
195
426
2,286
8,514
118
6,886
126
2,970
66
40
134
43,988
3,076
348
2,268
363
419
4,875
5,965
403
3,206
3,007
785
239
565
1,693
9,453
166
10,001
188
2,672
77
51
178
46,925
4,784
334
1,879
372
407
4,409
6,532
405
1,583
2,534
690
177
506
1,295
8,332
74
7,953
131
2,089
n .a .
80
184
39,967
4,033
332
2,085
416
378
4,642
5,418
378
2,884
2,694
740
206
478
1,420
8,846
88
8,401
147
2,639
n .a .
84
203
42,480
886
1,448
1,034
276
305
7
122
1,770
488
272
107
147
3,413
1,087
116
379
158
24
12,038
886
1,054
1,034
276
305
7
122
1,770
510
272
107
165
3,413
1,087
116
449
158
24
11,754
1,147
1,827
1,227
317
417
6
120
2,066
1,099
244
131
172
3,289
1,245
170
1,311
129
26
14,942
1,538
2,789
1,432
335
1,017
6
319
2,848
1,140
257
167
245
3,060
1,576
177
1,874
140
90
19,010
50
818
530
261
1,221
386
10,897
384
126
63
91
747
245
7
333
4,633
281
21,073
50
818
530
261
1,221
389
10,931
384
126
63
91
747
245
7
333
4,623
313
, 21,130
123
1,025
623
126
369
386
10,218
390
117
77
74
698
256
26
252
6,461
317
21,539
103
18
39
38
130
84
2,814
326
3,551
103
18
39
38
130
84
2,814
326
3,551
2,742
89
2,831
91,676
2,900
25
202
43
1
3,171
94,847
Dec.
Jan.
Feb. p
401
2,411
419
367
4,590
5,425
346
2,703
2,817
793
228
546
1,593
9,619
82
8,711
121
2,136
72
45
90
Mar. p
3,944
348
2,268
363
419
4,875
5,965
403
3,206
3,007
785
239
565
1,693
9,453
166
10,001
188
2,672
77
51
178
46,925
4,784
373
2,376
419
389
4,701
5,304
421
2,858
2,832
566
172
492
1,613
9,571
85
8,99 6
113
2,263
76
47
96
43,765
4,519
43,584
4,900
96
2,101
84
50
94
44,327
4,401
1,374
4,817
1,323
298
804
6
216
2,475
866
247
46
233
2,644
1,414
204
1,674
160
264
19,065
1,293
2,654
1,168
315
922
*6
270
2,860
1,188
243
25
238
3,009
1,445
152
1,472
157
266
17,684
1,538
2,789
1,432
335
1,017
6
319
2,848
1,140
257
167
245
3,060
1,576
177
1,874
140
90
19,010
1,648
1,979
1,292
325
1,090
6
332
2,710
909
244
70
250
2,986
1,631
207
1,812
151
204
27,847
1,820
2,439
1,272
302
1,152
6
330
2,782
1,002
228
46
239
2,909
1,849
206
1,654
157
135
18,529
1,889
2,200
1,108
403
1,200
6
347
2,750
1,001
246
166
241
2,833
1,914
173
2,222
162
138
19,000
47
985
892
648
340
385
14,380
437
140
396
189
627
280
35
275
8,073
332
28,461
48
1,182
887
1,048
1,154
310
14,664
366
108
n .a .
n .a .
582
289
15
223
7,741
1,128
29,745
59
1,092
859
910
314
325
14,736
324
113
n .a .
n .a .
606
324
14
244
8,124
937
28,982
47
985
892
648
340
385
14,380
437
140
396
189
627
280
35
275
8,073
332
28,461
47
1,058
941
510
695
430
14,481
448
123
405
99
602
245
18
301
9,029
355
29,789
47
1,158
1,039
559
546
547
13,358
483
138
421
184
554
257
17
313
9,276
361
29,258
52
1,052
1,018
538
480
496
13,269
381
127
486
120
623
236
14
312
9,968
367
29,539
343
23
53
68
169
63
2,239
416
3,373
333
27
77
88
143
35
1,115
482
2,300
213
19
n .a .
85
183
45
1,732
505
2,782
171
19
n .a .
72
132
64
1,321
502
2,281
333
27
77
88
143
35
1,115
482
2,300
209
18
80
97
211
48
1,033
511
2,207
244
35
89
105
155
41
1,125
611
2,406
250
69
76
94
136
39
965
657
2,285
2,742
89
2,831
91,600
2,014
114
2,128
89,046
1,911
108
1,486
112
1,598
96,969
1,911
108
2,019
103,499
2,224
116
2,019
103,499
1,645
119
1,763
97,356
2,339
2,231
118
2,348
2,101
130
2,231
100,466
101,025
101,783
2,900
25
202
43
1
3,171
94,771
5,064
7
187
34
1
5,091
22
136
175
26
5,450
108,949
4,717
8
182
170
24
5,102
102,458
5,109
28
160
184
23
5,506
102,475
5,091
22
136
175
26
5,450
108,949
4,275
13
160
146
31
4,625
3,599
13
132
133
41
3,918
3,991
18
141
124
35
4,309
105,091
104,943
106,092
5,293
94,338
1 / Data in the two columns for th is date d iffe r because of changes
in reporting coverage. Figures in the f i r s t column are comparable
in coverage to those shown for the preceding date; figures in the
second column are comparable to those shown for the following date.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/
lj
498
2,568
569
315
4,807
4,681
296
2,401
3,181
746
209
555
1,717
8,931
88
CO
C
N
C'A
s
France.......................................................
Germany.....................................................
G reece.....................................................
I t a l y ,.......................................................
Netherlands..............................................
Norway. . ...................................................
Portugal....................................................
Spain........................................................
Sweden.......................................................
Switzerland..............................................
Turkey.......................................................
United Kingdom........................................
Yugoslavia................................................
Other Western Europe.............................
Poland.......................................................
U.S.S.R.....................................................
Other Eastern Europe.............................
Total E u ro p e.........................................
Canada...........................................................
Latin America*
Argentina..................................................
Bahamas......................................................
B razil.......................................................
Chile.........................................................
Colombia....................................................
Cuba...........................................................
Ecuador.....................................................
Mexico.......................................................
Panama.......................................................
Peru...........................................................
Trinidad and Tobago...............................
Uruguay.....................................................
Venezuela..................................................
Other Latin American Republics..........
Bermuda.....................................................
B ritish West In dies...............................
..................... .
Netherlands A ntilles
Other Latin America...............................
Total Latin America...............................
Asia:
China, People's Republic of
( China Mainland)....................... ..........
China, Republic of ( Taiwan)...............
Hong Kong..................................................
In d ia.........................................................
Indonesia.............................. ..................
I s r a e l.......................................................
Japan........................................................
Korea.........................................................
Lebanon.....................................................
Malaysia....................................................
Pakistan....................................................
P hilippines..............................................
Singapore..................................................
S yria.........................................................
Tnailand....................................................
Middle-East oil-exporting countries2 /
Other Asia............................................ ..
Total Asia....................... . ......................
Africa:
Egypt.........................................................
Ghana.........................................................
L iberia........................... .........................
Morocco......................................................
South A frica............................................
Z aire.........................................................
Oi1-exporting countries 4 / ...................
Other A frica............................................
Total A frica............................................
Other countries:
A u stra lia .................................................
All other..................................................
Total other countries................. ..
Total foreign co u ntries...........................
1975
1977
Includes Bahrian, Iran , Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial S ta te s),
Includes A lgeria, Gabon, Libya, and Nigeria,
*
Less than $500,000.
n.a. Not available.
p Preliminary.
90
Treasury Bulletin
___________________________________________ C A P I T A L M O V E M E N T S _____________________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of Mar c h 31, 1977
Preliminary
(Position in millions of dollars)
Total
short
term
lia b ilitie s
Country
Europe:
A u stria....................................................
Belgium-Luxembourg...............................
Denmark..................................................
F in la n d ..................................................
France......................................................
Germany....................................................
Greece......................................................
I ta ly ........................................................
Netherlands............................................
Norway.....................................................
Portugal..................................................
Spain........................................................
Sweden......................................................
Switzerland............................................
Turkey......................................................
United Kingdom.......................................
Yugoslavia..............................................
Other Western Europe...........................
Poland......................................................
U.S.S.R...... ............................................
Other Eastern Europe...........................
Total Europe..........................................
fi.anada......................................................
Short-term l i a b i l i t ie s payable in d o llars
To foreign banks and o f f ic ia l in stitu tio n s
To a l l other foreigners
Total
Deposits 1 /
92
291
64
99
469
819
137
542
471
217
103
253
365
1,327
82
1,063
76
568
52
35
75
7,200
U.S.
Treasury
b i l l s and
c e r t if
icates
Other l /
Total
*
19,216
195
637
5
207
1,071
212
61
760
846
22
21
136
265
4,348
1
4,577
13
1,285
13
14
11
14,701
13
118
26
9
128
195
57
126
102
52
58
161
22
877
6
869
4
30
1
1
7
2,862
196
1,412
470
Deposits
1J
Short-term
lia b ilitie s
U.S.
payable
Treasury
in
b i l l s and Other 1 / foreign
c e rtif
currencies
icates
*
5
*
2
111
5
*
9
50
*
16
3
1
*
5
14
31
*
82
12
91
24
9
116
152
57
116
71
48
40
148
17
604
5
298
3
20
1
1
4
1,837
*
1
21
1
•*
6
39
*
9
6
2
18
13
5
245
*
544
1
10
101
3
924
346
10,338
96
2,101
84
50
94
44,327
483
2,339
538
306
4,670
4,437
239
2,259
3,076
693
150
389
1,680
8,023
83
9,387
92
2,071
66
50
87
41,118
4,401
3,432
345
874
2,213
736
506
92
138
233
1,889
2,200
1,108
403
1,200
6
347
2,750
1,001
246
166
241
2,833
1,914
173
2,222
162
138
927
2,010
900
208
884
1
242
599
346
108
154
64
1,599
1,002
33
2,091
49
101
245
221
487
132
166
1
127
359
68
98
34
56
357
486
15
348
26
52
256
*
3
19
325
936
133
208
194
295
5
105
2,148
655
137
12
177
1,225
911
140
30
113
37
930
107
202
191
290
5
104
1,999
356
137
12
145
1,218
851
89
26
83
35
*
4
*
*
*
_
6
22
6
3
5
_
1
144
281
*
32
7
60
39
3
20
1
27
57
*
*
21
_
3
*
*
*
*
9
1
*
102
*
*
19,000
11,318
3,279
1,088
426
1,789
410
58
393
*
108
240
277
11
119
9
911
374
15
1,742
23
48
6,952
7,460
6,781
630
221
52
1,052
1,018
538
480
496
13,269
381
127
486
120
623
236
14
312
10,335
29,539
44
896
523
500
463
453
13,050
365
90
480
111
496
211
11
280
9,926
27,898
30
401
152
78
66
268
681
174
55
51
38
221
44
11
76
709
3,054
310
79
334
213
14
185
291
88
183
185
2,637
121
34
95
43
275
167
*
38
3,751
8,107
8
156
494
28
17
43
190
16
38
5
10
127
24
2
32
408
1,597
8
153
483
20
17
41
114
13
37
5
8
112
24
2
31
335
1,401
*
3
9
8
*
1
76
3
*
*
2
15
1
*
73
191
*
*
1
10
_
_
29
_
•*
1
*
*
1
_
*
1
45
250
69
76
94
136
39
1.622
244
60
16
89
108
27
1,526
175
58
8
88
64
24
607
2
*
_
_
37
3
799 2:/
67
2
7
1
7
*
120
6
9
60
5
25
12
95
2,069
1,024
841
204
212
1
_
12
_
*
_
2
15
_
_
*
_
3
2,285
6
9
48
5
25
12
93
198
2,101
130
2,231
2,049
112
2,161
197
33
230
1,789
19
1,807
46
16
61
44
14
58
*
*
*
2
1
7
2
101,783
87,996
15,132
- 1 4^,563
63
61
124
52,301
lid, 9^9
10,781
248
3,991
18
141
124
35
3,974
18
' 132
124
34
4,282
353
12
86
3
2
456
2,690
931
6
39
117
1,093
18
*
5
*
1
8
*
*
*
1
9
10
6
4
32
2,733
-
-
10
5
3
92,278
15,,>89
43,295
33,394
258
1,90*5
861
V/
10,790
12,953
? S ° SmtS exclu^® negotiable time c e rtific a te s of deposit, which are included in '’Other" short-term l i a b i l i t i e s .
*
Less thanS^00 S')! ^
Argentina................................................
Bahamas....................................................
B ra z il......................................................
C hile.......................................................
Colombia..................................................
Cuba.........................................................
Ecuador....................................................
Mexico......................................................
Panama......................................................
Peru.........................................................
'Trinidad and Tobago.............................
Uruguay....................................................
Venezuela................................................
Other Latin American Republics........
Bermuda....................................................
B ritish West Indies.............................
Netherlands A n tille s...........................
Other Latin America.............................
Total Latin America.............................
Asia;
China, People's Republic of
(China Mainland).................................
China, Republic of (Taiwan)..............
Hong Kong................................................
India........................................................
Indonesia................................................
Is r a e l......................................................
Japan.....................................................
Korea........................................................
Lebanon....................................................
Malaysia..................................................
Pakistan..................................................
P hilippines............................................
Singapore................................................
S yria........................................................
Thailand..................................................
Other Asia..............................................
Total Asia..............................................
Africa:
Ghana........................................................
L iberia....................................................
Morocco....................................................
South A frica..........................................
Z aire........................................................
Other A frica.........................................
Total A frica..........................................
Othey Countries:
A u stralia................................................
All oth er................................................
Total other countries.........................
T otal foreign countries.........................
In tern atio n al and regional:
In tern atio n al.........................................
European regional.................................
Latin American reg io n al.....................
Asian reg io n al.......................................
African regional'..................................
Total in tern atio n a l and re g io n a l...
Grand t o t a l ................................................
498
2,568
569
315
4,807
4,681
296
2,401
3,181
746
209
555
1,717
8,931
4,309
106,092
3,130
3,406
40
958
1,759
455
25
*
1,051
2,348
3,746
3
218
1
-
6
-
1
-
332
142
3
1
1
1
-
9,732
70
-
335
30
1
-
166
5,466 j /
16,736
-
"
24
6
4
•*
1
24
2
*
*
*
29
*
28
-
5
17
-
■*
*
11
*
10
49
_
3
*
*
1
*
_
*
_
_
_
*
/
5
*
_
*
_
-j /
*
-
-
*
17
*
*
-
■*
3
3
9
1,900
_
5
-
858
7
3
-
certificates held in custody for the account of oil-exporting countries in ’’Other Asia’’ and “Other Africa’’ amounted _ $5,955.
91
May 1977
_________________________________C A P I T A L M O V E M E N T S _______________________________ .
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position a t end of period in m illions of dollars)
Calendar year
Country
Other Western Europe:
Cyprus..............................................................................
Iceland............................................................................
Malta................................................................................
Monaco..............................................................................
Other Eastern Europe:
Bulgaria..........................................................................
Czechoslovakia...............................................................
Estonia............................................................................
German Democratic Republic........................................
Hungary............................................................................
Romania............................................................................
Other Latin American Republics:
B olivia............................................................................
Costa Rica......................................................................
Dominican Republic.......................................................
El Salvador....................................................................
Guatemala........................................................................
Guyana..............................................................................
H a iti................................................................................
Honduras..........................................................................
Jamaica............................................................................
Nicaragua........................................................................
Paraguay..........................................................................
Surinam 1 / ......................................................................
Apr.
Dec.
Apr.
Dec.
1974
1975
1975
1976
1976
19
8
62
4
8
7
21
29
10
4
17
20
29
8
31
6
33
75
6
8
38
43
39
7
6
69
40
n .a .
7
7
5
10
2
6
5
8
16
18
2
7
12
17
36
34
3
36
14
25
13
11
2
18
11
14
19
32
2
17
13
44
13
10
2
3
10
28
34
21
n .a .
n .a.
19
19
87
92
114
76
132
8
27
58
41
61
22
1/
68
86
118
90
156
6
21
56
39
99
29
1/
96
118
128
129219
22
35
88
69
127
46
93
120
214
144
255
22
34
92
62
125
38
110
124
169
171
260
45
38
99
41
133
43
104
69
149
128
177
36
33
1
1
1
49
89
43
12
133
141
275
178
397
33
47
137
35
119
49
n .a .
4
2
4
3
7
3
9
5
4
5
13
10
25
72
2
3
4
2
11
5
135
1
22
9
12
2
6
3
16
13
88
1
18
21
65
4
22
3
25
14
126
1
19
50
49
4
30
5
22
13
70
4
41
54
31
4
39
2
28
13
62
2
54
41
34
3
20
2
34
9
33
2
57
n .a.
13
n .a.
37
1
33
23
66
5
57
1
6
23
6
2
3
11
10
7
28
79
1
10
23
8
2
3
12
7
6
22
95
3
7
31
22
2
4
11
19
13
22
76
4
11
32
14
3
14
21
23
38
18
60
2
62
19
10
1
12
30
29
22
78
70
6
76
37
16
1
17
18
33
50
14
a
n .a .
10
46
22
1
22
n .a.
20
43
n .a.
30
12
39
11
47
11
36
11
42
11
29
*
45
13
1972
1973
3
9
17
3
4
/
Other Latin America:
Belize..............................................................................
French West Indies and French Guiana.....................
Other Asia:
Afghanistan....................................................................
Bangladesh......................................................................
Burma................................................................................
Cambodia..........................................................................
Jordan..............................................................................
Nepal................................................................................
S ri Lanka........................................................................
Vietnam (formerly Viet-Nam & North Viet-Nam)....
Yemen (Aden)..................................................................
Other Africa:
Ethiopia (including E ritre a )....................................
F.T.A.I. (French Somaliland)....................................
Ivory Coast....................................................................
Kenya................................................................................
Mozambique......................................................................
Southern Rhodesia.........................................................
Sudan................................................................................
Tanzania.........................................................................
Tunisia............................................................................
Uganda..............................................................................
Zambia..............................................................................
Other Countries:
New Zealand....................................................................
U.S. Trust T erritory of the P acific Islands........
Note:
Data represent a p a r tia l breakdown of the amounts shown for the
corresponding dates fo r the "Other" geographical categories in the
regular monthly se ries in the Treasury B ulletin.
/
B
B
/
1 / Surinam included w ith Netherlands A ntilles through December 1975.
n .a . Not available,
* Less than $500,000.
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by T ype
(In m illions of dollars)
Payable in d o llars
End of
calendar year
or month
1967 2 / ................................................
1972
g/...............................................
1976-ifer..............................................
Aug..............................................
Oct..............................................
Feb. p................. . ....................
lifer, p.................................. .
Total
long-term
lia b ilitie s
Foreign countries
Total 1 /
O fficial
in stitu tio n s
10
2
1
7
2
7
69
310
513
1,494
2,546
{ 2,560
3,166
2,490
1,703
902
1,000
\ 1,018
1,462
1,285
1,812
2,393
10
2
1
7
2
7
28
204
203
988
1,858
1,863
2,389
1,600
913
437
417
417
700
464
1,395
2,108
n .a .
n .a .
n .a .
n .a.
n .a .
n .a .
n .a .
n .a .
n .a .
913
1,807
1,807
2,095
2,110
2,097
2,218
2,271
2,242
2,206
2,315
2,310
2,393
2,352
2,297
2,302
1,912
1,911
1,960
2,028
2,035
1,991
1,986
1,962
1,978
2,108
2,066
1,992
1,985
1,317
1,357
1,404
1,465
1,454
1,402
1,386
1,314
1,313
1,352
1,262
1,192
1,165
f
f
2,341
1,505
695
144
93
93
310
124
931
1,352
PflnVfi
Other
foreigners
Intern atio n al
and regional
Payable in
foreign
currencies
-
n .a.
n .a.
n .a.
n .a.
n .a.
n .a.
n .a.
n .a .
n .a .
25
15
15
8
55
165
237
238
238
291
261
364
561
n .a.
n .a.
n .a.
n .a.
n .a.
n .a .
n .a .
n .a.
n .a.
50
35
40
40
40
53
56
87
87
100
79
100
194
106
311
506
689
698
777
889
789
446
562
580
761
822
415
261
n .a .
n .a.
n .a .
n .a .
n .a.
n .a.
n .a .
n .a .
n .a.
_
_
1
1
20
21
21
2
24
480
423
419
422
438
440
441
479
500
561
115
131
137
141
143
149
159
170
165
194
224
230
242
182
197
135
189
235
246
214
333
308
261
263
248
250
2
2
2
1
1
5
5
20
24
24
24
57
67
580
570
578
42
!
1/
2/
D ollar-foreign currency breakdown not available p rio r to 1966; amounts
reported fo r e a r lie r dates assumed to have been payable in d o llars.
Data on the two lin e s shown fo r th is date d iffe r because of changes
in reporting coverage. Figures on the f i r s t lin e are comparable in
coverage to those shown for the preceding date; fig u res on the second
lin e are comparable to those shown fo r the following date.
n .a . Not available,
p Preliminary.
May 1977
93
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
Calendar Year
Country
1973
Europe:
Austria.........
Belgium-Luxembourg...
Denmark..... .
Finland........ ..
France.........
Germany.........
Greece.......... .
Italy...... ,...
Netherlands......
Norway...........
Portugal.........
Spain...........
Sweden....,.......
Switzerland......
Turkey........ .
United Kingdom.....
Yugoslavia....,»...
Other Western Europe.
Poland.... ......
U.S.S.R...... .
Other Eastern Europe.
Total Europe,.....
Canada.............
Latin America:
A rgentina...
B r a z i l . . . . . ..................................
C hile.................................... ..........
Colombia..........................................
Cuba..................................................
Ecuador..........................................
M e x ic o .....».............................. .
Panama............... ............................
P eru.......................... .....................
Trinidad and Tobago.....................
Uruguay............................................
Venezuela..................................
Other Latin American Republics.
Bermuda..........................................
B ritish West I n d i e s ... ...............
Netherlands A n tilles 1 / ..........
Other Latin America................
Total Latin America....................
Asia:
China, People's Republic of
(China Mainland).............................
China, Republic of (Taiwan)............
Hong Kong....................................... .
In d ia.....................................................
Indonesia..........................................
I s r a e l . , . .......................... .................
Japan...................................................
Korea............... ..................................
Lebanon.....................................
Malaysia.............................................
P akistan............... ...........................
P hilip p in es................................
Singapore...................... .....................
S y ria....................... ...........................
Thailand...........................................
Middle-East oil-exporting countries 2 /
Other Asia .................. .......................
Total Asia.
A frica:
Egypt........................................
G h a n a ...................................
L ib eria..........................
Morocco................. ..................
South A frica...........................
Zaire................................
Oil-exporting countries
Other A frica......................... .
Total A fric a ..
Other countriesA u stralia........
All o th er........
Total other co u n tries. . . .
Total foreign co u ntries. . . .
In tern atio n al and regional:
In te rn a tio n a l....................
European regional.
Latin American re g io n al.................... .
2/
Asian regional............ .
African re g io n al.................... ..............
Total in tern ational and r e g io n a l.,..
Grand t o t a l . ....................... ...................
1976
1976
1975
1974
Oct.
1977
Nov.
Dec*
Jan.
Feb.p
Mar.p
5
15
*
*
9
*
6
28
•*
*
39
*
3
27
*
*
29
*
*
39
*
*
39
*
*
44
*
*
45
*
1
159
*
1
*
*
*
1
*
9
*
66
*
213
n.a*
1
146
*
1
*
*
*
*
*
2
*
59
*
8
n .a .
2
214
*
1
*
*
*
1
9
313
*
6
5
*
*
3
*
16
*
132
*
2
n .a.
24
310
*
6
3
*
1
2
•*
12
*
99
*
2
n .a .
15
309
*
6
3
*
*
3
*
15
•*
125
*
2
n .a.
9
313
*
6
5
*
*
3
*
16
*
132
*
2
n .a.
10
313
*
5
5
*
*
3
5
27
*
144
*
2
-
59
296
*
6
5
*
*
4
5
27
*
131
1
2
“
19
354
*
5
5
2
*
4
5
27
*
125
1
*
-
470
8
_
_
*
*
*
*
•*
-
*
226
19
330
23
525
29
489
28
507
26
525
29
555
31
580
29
594
35
2
55
2
6
1
1
58
5
1
*
3
62
5
2
1
2
90
5
2
4
4
48
5
2
4
3
52
5
1
4
2
90
5
2
4
2
88
5
1
4
2
88
5
2
4
n .a .
44
2
*
n .a .
*
9
4
n .a .
n.a.
4
3
*
6
18
*
*
*
22
3
*
*
*
*
*
10
15
*
*
*
24
3
14
•*
*
1
23
27
*
*
*
25
4
42
4
*
1
19
23
*
*
*
25
3
13
2
*
1
18
23
*
*
*
25
3
13
2
*
1
23
27
*
*
*
25
4
42
4
*
2
88
5
2
4
]_
1
31
27
1
*
*
26
4
47
4
1
1
41
27
1
*
*
38
6
47
4
1
*
42
33
1
*
*
26
5
48
4
1
132
115
140
230
151
152
230
244
267
261
*
•*
2
*
*
*
1
*
*
n .a.
n .a .
2
*
*
*
894
2
902
2
1
4
*
*
1
7
*
50
n .a .
n .a.
1
2
1,251
28
1,347
1
12
*
*
1
7
*
*
n .a .
n .a.
3
*
1
1.286
2
1,313
1
11
*
*
1
7
*
50
n .a.
n .a.
3
*
_
2
1,239
1
1,316
2
1
4
*
*
1
7
*
50
n .a.
n .a.
1
_
2
1,251
28
1,347
1
2
*
*
1
7
*
50
*
*
3
*
_
2
1,186
*
82
*
*
*
*
*
1
*
*
n .a.
n .a .
1
*
*
*
94
4
102
1
2
*
*
1
7
*
50
*
*
3
*
2
1,104
1
1,171
*
n .a .
n .a .
*
*
n .a.
1
1
*
*
n .a.
*
*
*
•*
1
1
*
*
n ,a.
*
*
*
*
1
1
n .a .
*
*
*
*
*
1
*
*
n .a.
*
*
*
*
*
1
n .a.
*
*
*
*
*
1
*
n.a.
*
*
■*
*
*
1
7
*
*
*
*
•*
*
1
*
1
*
*
•*
7
700
*
*
*
464
1,397
1
2,132
1
1,983
1
2,003
551
*52
98
112
63
107
351
*
10
54
63
■*
130
68
135
*
130
68
761
1,462
822
1,285
415
1,812
261
333
2,315
.
1
*
1
*
1
5
1
n.a.
n.a.
n.a*
2
n .a.
n .a.
*
n .a.
71
_
1
*
66
*
*
n.a»
*
-
2,393
1 / Through December 31, 1975, Surinam included with Netherlands A n tilles.
2 / Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial S ta te s).
2 / Includes Algeria, Gabon, Libya, and Nigeria.
*
-
1,253
*
■*
1
2
*
*
1
6
*
50
*
*
5
1
2
1,091
*
1,160
*
*
*
*
*
*
*
1
2
-
-
1
2,132
*
3
4
2,090
*
1
1
2,049
*
1
1
2,052
105
*
130
73
63
*
130
68
66
*
130
67
66
*
120
62
77
*
115
58
308
2,310
261
2,393
263
2,352
248
2,297
250
2,302
* Less than $500,000.
p Preliminary.
n .a . Not available.
*
*
*
*
*
1
2
*
*
*
*
*
1
1
......
Treasury Bulletin
94
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
End of
calendar
year
or month
195
195
195
196
Total
shQrtterm
claims
7
8
9
0
1961 l/*.-*
1962....
196 3
1964 1/....
1965 !/••.•
1966 1/....
1967 I/....
196 8
1969!/•*•••
197 0
1971 1/ 2/.
1972 1/....
197 3
197 4
197 5
197 6
1976-Mar...
Apr...
May...
June..
July..
Aug...
Sept..
Oct...
Nov...
Dec. .
1977-Jan...
Feb.p,
Mar.-n.
1/
2/
*15,471
,15,676
20,723
39,056
50,231
69.011
53,572
55,686
57,609
57,955
59.316
58,014
60.317
60,986
63,890
69.011
63,599
63,414
65,134
Total
Total
2,052
2,344
2,407
3,135
4,177
4,234
4,606 '
5,344
6,810
7,333
7,158
7,243
7,399
7,433
8,158
8,182
8,261
9,063
9,165
10,192
12,328
12^377
14,625
14,830
20,061
37,859
48,901
67,365
52,246
54,206
56,190
56,360
57,858
56,472
58,661
59,283
62,085
67,365
61,868
61,455
63,236
930
1,268
1,309
1,297
1,646
1,660
1,953
1,915
2,652
2,773
2,968
2,970
3,139
3,141
3,137
3,150
3,165
3,281
3,278
3,051
(In m illions of d ollars)
Payable in dollars
Payable in foreign currencies
Collec
Loans
tio n s
Deposits
Foreign
out
of
government
Accept
standing
reporting
O fficial
obligations
Other
Other
ances
Other
banks and and
for
short
i n s ti
made
for
short
Banks
Total domestic
for
account
of
commercial
tu tio n s
term
term
account
eigners reporting
customers
and
claims
claims
for
banks and of
with for finance
eigners
domestic
eigners
paper
customers'
242
386
303
423
699
147
132
15
421
401
428
198
439
181
656
16
498
460
516
351
192
178
582
15
290
482
605
460
524
222
238
1,233
1,837
342
200
618
543
329
699
694
622
700
200
543
1,874
343
709
329
1,967
642
686
186
495
309
359
953
832
157
2,214
384
42
186
543
343
955
774
552
601
2,600
182
342
77
1,007
1,055
223
1,374
2,621
336
187
102
1,150
221
1,135
624
803
1,403
422
1,268
2,501
1,130
325
95
1,566
271
474
54
2,508
492
68
1,272
492
96
329
1,567
1,132
271
2,450
420
240
70
1,367
110
443
256
1,739
1,143
110
420
70
1,288
2,540
256
1,145
464
241
1,739
306
1,603
1,228
287
1,511
425
63
74
1^552
3^013
287
70
67
*
8
425
1,616
1,228
306
450
336
40
1,221
509
247
1,697
73
1,733
2,854
658
516
352
3,169
84
79
262
1,946
1,073
1,954
3,202
670
516
352
2,015
1,943
1,073
89
262
74
766
610
352
92
166
1,212
3,985
1,720
2,389
119
1,107
119
2,475
174
223
2/ ■ 1 :8 2
2j 475
173
1J679 !/ 8^5
174
231
846
182
223
2,535
3,204
3,269
441
2,975
163
846
3,226
2,657
182
2,538
3,276
223
2,970
441
163
662
428
4,160
3,935
4,538
2,838
4,307
119
115
284
1,196
- 238
7,332
11,237
5,637
669
289
381
3,579
9,694
656
301
372
11,147
5,467
1,329
19,082
4,925
614
7,665
498
84
1,456
12,367
5,846
1,063
30,805
11,081
5,810
1,645
5,367
22,137
8,027
4,809
11,144
1,326
798
763
145
383
1,480
11,310
766
8,797
4,949
5,325
23,059
156
955
369
23,690
1,011
5,379
1,419
885
141
9,523
5,264
11,323
393
5,517
24,121
158
820
5,239
1,595
9,123
11,541
954
484
5,188
25,280
9,660
5,542
1,457
850
737
11,451
132
475
9,060
5,190
24,562
1,021
5,495
496
1,542
903
11,144
143
5,118
5,746
1,656
9,003
120
11,213
26,789
1,029
793
507
5,586
1,060
1,052
10,015
5,146
11,461
102
550
26,015
1,704
5,628
9,640
5,277
11,422
1,805
1,084
85
635
1,274
28,843
30,805
5,810
5,846
1,456
12,367
498
11,081
1,645
1,063
460
1,126
145
1,732
12,018
27,931
5,833
1,257
5,493
9,334
596
272
1,091
5,868
12,140
1,959
27,214
5,530
940
9,764
323
1,100
1,898
28,260
474
12,936
6,195
5,249
9,743
853
/
5,674
5,671
7,660
11.291
13,205
18,347
13,599
14,512
15,798
15,182
15,586
15,270
14,914
16,221
16,191
18,347
16,085
16,234
15,845
m
2’
,08&
Data on the two lin e s shown fo r th is date d iffe r because of changes
in reporting coverage. Figures on the f i r s t lin e are comparable in
coverage to those “shown fo r the preceding date; figures on the sec
ond lin e are comparable to those shown fo r the following date.
Data on the second lin e d iffe r from those on the f i r s t lin e because
those claims of U.S. banks on th e ir foreign branches and those claims
i
2,478
m
84
p
of the U.S. agencies and branches of foreign banks on th e ir head officoo
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting
banks are included in the se ries fo r the f i r s t time,
Preliminary.
May 1977
95
_____________________ C A P I T A L M O V E M E N T S ________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position a t end of period in m illions of dollars)
1976
Calendar Tear
Country
1973
Eurone:
A u stria.....................................................
Belgium-Luxembourg.................................
Denmark.....................................................
Finland.....................................................
France.......................................................
Germany.....................................................
Oct.
Nov.
15
352
49
128
1,471
436
49
370
300
71
16
249
167
237
86
4,718
38
27
n .a .
103
108
8,987
2,817
44
662
85
141
1,448
562
79
929
304
95
65
429
177
472
183
6,068
45
52
n .a .
99
130
12,072
3,100
42
504
64
137
1,096
585
88
733
399
79
46
264
101
499
125
5,376
37
54
n .a .
83
123
10,435
3,129
54
501
129
136
1,098
577
' 76
877
240
85
53
304
93
511
140
5,591
38
58
n .a.
103
134
10,797
3,136
902
12,587
3,125
350
517
13
265
3,211
1,119
638
28
28
1,338
744
151
3,699
41
519
29,275
11
147
48
108
621
311
35
316
133
72
23
222
153
176
10
1,459
10
25
n .a.
46
44
3,970
1,955
21
384
46
122
673
589
64
345
348
119
20
196
180
335
15
2,580
22
22
n .a .
46
131
6,255
2,776
499
883
900
151
397
12
n.a.
1,373
274
178
n.a.
55
518
493
n .a .
n .a .
13
154
5,900
720
3,405
1,418
290
713
14
144
1,972
505
518
18
63
704
690
88
943
62
111
12,377
1,203
7,570
2,221
360
689
13
219
2,802
1,052
583
23
51
1,086
725
89
1,460
49
336
20,532
962
15,340
3,383
396
575
13
293
3,414
1,021
690
31
38
1,553
816
134
3,845
40
1,490
34,034
31
China, Republic of (Taiwan)...............
140
Hong Kong..................................................
147
In d ia.........................................................
16
Indonesia..................................................
88
I s r a e l .......................................................
155
Japan........................................................
6,398
Korea.........................................................
403
Lebanon.....................................................
n .a.
Malaysia....................................................
n .a.
P ak istan ...................................................
n.a.
Philippines..............................................
181
Singapore..................................................
n.a.
S y ria.........................................................
n .a .
Tnailand.................................................... >
273
Middle-East oil-exporting countries 2 /1
Other Asia................................................
392
Total Asia................................................
8,224
Africa:
Egypt.........................................................
35
Ghana.........................................................
n .a.
L iberia......................................................
n .a.
Morocco......................................................
5
South A frica............................................
129
Z aire......................................................... ^
61
Oil-exporting countries
.............. ^
Other A frica............................................
158
Total A frica............................................
388
Other countries:
A u stralia..................................................
243
A ll oth er..................................................
43
Total other countries...........................
........ 286
Total foreign countries...........................
20,723
4
500
223
14
157
255
12,518
955
59
n .a .
n .a .
372
135
12
458
330
235
16,226
22
736
258
21
102
491
10,776
1,561
56
n .a .
n .a .
384
369
12
499
524
249
16,057
3
987
361
41
76
554
10,992
1,722
25
n .a .
n .a .
559
420
32
422
1,312
258
17,765
111
10
n .a .
18
329
98
115
174
855
101
5
n .a .
9
545
34
231
303
1,228
466
99
535
73
,_.56J>.
39,055
609
50,229
Netherlands..............................................
Norway.......................................................
Portugal...................................... . ...........
Spain.........................................................
Sweden.......................................................
Switzerland..............................................
Turkey.......................................................
United Kingdom........................................
Yugoslavia................................................
Other Western Europe.............................
Poland.......................................................
Other Eastern Europe.............................
Total Europe............................................
Canada...........................................................
Latin America:
Argentina..................................................
Cuba...........................................................
Ecuador.....................................................
Mexico.......................................................
Panama.......................................................
Peru...........................................................
Trinidad and Tobago...............................
Uruguay.....................................................
Venezuela..................................................
Other Latin American Republics..........
Bermuda.....................................................
B ritish West In dies...............................
...............
Netherlands A ntilles 1 /
Other Latin America...............................
Total Latin America...............................
Asia:
China, People's Republic of
J
2/
J
International and regional:
Intern atio n al..........................................
European regional...................................
Latin American regional.......................
Asian regional........................................
African regional..................... ..............
Total intern atio n al and regional..........
Grard o ctal...................................................
,
/
I
✓
f
V
-
Dec.
1976
1975
1974
1977
12.072
3,100
10,390
2,944
858
14,594
3,259
358
523
14
279
3,285
781
629
26
35
1,512
763
115
3,986
43
519
31,580
962
15,340
3,383
396
575
13
293
3,414
1,021
690
31
38
1,553
816
134
3,845
40
1,490
937
13,872
3,456
370
593
13
278
3,366
760
737
22
41
1,296
828
143
4,181
45
500
867
14,071
3,145
379
598
13
280
3,331
861
748
18
39
1,260
822
126
4,234
41
625
34,034
31,435
31,457
914
15,436
2,945
357
544
13
312
3,278
849
733
29
39
1,241
792
144
3,841
41
524
32,030
5
991
208
64
117
320
10,534
1,555
42
n .a.
n .a.
478
297
47
415
765
261
16,099
3
1,099
267
48
120
330
10,428
1,577
28
n .a.
n .a .
495
319
43
414
1,082
113
16,365
3
987
361
41
76
554
10,992
1,722
25
n .a.
n .a.
559
420
32
422
1,312
258
17,765
4
1,028
229
28
54
344
10,579
1,710
49
68
37
592
385
34
421
981
141
16,686
30
1,089
265
23
55
337
9,472
1,574
25
58
27
479
388
45
446
1,044
115
15,471
5
1,124
317
32
53
328
9,485
1,736
32
74
45
463
409
52
491
1,389
81
16,117
132
5
n.a.
13
763
29
257
287
1,486
106
7
n .a .
8
772
14
215
260
1,382
109
6
n .a.
14
748
25
213
278
1,394
132
5
n.a.
13
763
29
257
287
1,486
151
9
25
19
798
16
238
264
1,519
126
10
24
13
797
11
249
248
1,478
149
4
23
26
802
10
343
256
1,613
450
99
558
103
661
60,981
502
110
612
63,884
450
99
549
69,005
512
105
618
604
125
729
663
116
63,592
63,409
*•
5
*
*
5
*
■*
2
5
*
*
5
*
-
-
-
-
5
7
5
6
69,011
63,599
63,414
65,134
549,,
69,005
1
_
*
*
-
1
*
*
*
5
*
*
-
1
20,723
*
39,056
1
5
5
*
5
1
*
•*
6
50,231
69,011
60,986
63,890
1 / Through December 31, 1975, Surinam included with Netherlands A n tilles.
2 / Includes Bahrain, Iran , Iraq , Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial S tates).
2/ Includes Algeria, Gabon, Libya, and Nigeria.
58
570
67
147
1,343
575
54
870
252
133
98
284
74
496
281
5,218
p
56
68
104
30Q
10,893
42
611
64
131
1,372
667
85
802
510
127
90
375
85
530
207
4,671
64
60
61
95
114
10,764
3,510
-
-
Mar. p
41
554
72
137
1,246
511
57
875
246
124
80
362
112
539
199
4,864
60
53
56
82
121
-
*
Feb.p
44
662
85
141
1,448
562
79
929
304
98
65
429
177
472
183
6,068
45
52
n .a.
99
130
-
*
Jan.
-
■*
* Less than $500,000.
p Preliminary.
n .a . Not available.
I
3,695
72265,128
*
5
1
Treasury Bulletin
96
.CAPITAL MOVEMENTS.
Section
Table
II - C l a i m s
CM-II-3.
on
Foreigners
- Short-Term
Claims,
Reported
by
T y p e
by
B a n k s
and
in
the
Country,
United
as
of
States
M a r c h
31,
1977
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Total
short
term
claims
Country
Europe:
Austria ............ .............
Belgium-Luxembourg.............
Denmark .........................
F i nland.........................
Fr a n c e ...........................
Germany,........................
Gree c e ............... ..........
Italy............................
Netherlands.....................
Norway........... ...............
Portugal........................
S p a i n ............................
S w eden......................
Switzerland .....................
Turkey...........................
United Kingdom........ ,........
Y ugoslavia.,,...................
Other Western Europe...........
Poland..........................
U.S.S.R.,.......................
Other Eastern Europe. ..........
58
570
67
147
1,343
575
54
870
252
133
98
284
74
496
281
5,218
37
56
68
Total
Total
55
384
61
146
1,294
469
53
837
231
128
97
273
69
399
280
5,107
36
52
68
104
109
94
107
Total Europe....................
10,893
Canada.............................
3,695
914
15,436
2,945
357
544
13
312
3,278
849
733
29
Latin America:
Argentina.......................
Bahamas .........................
B r azil ................... .......
C h i l e ............................
Colombia........................
C u b a , ..*........................
Ecuador.......................... ;
M e x i c o ..... ....................
Panama......................... .
P e r u .............................
Trinidad and Tcibago,.......... .
Uruguay......................... ’
Venezuela....................... !
Other Latin American Republics. !
1
1
Bermuda.........................
British West Indies.............
Netherlands Antilles ...........
Other Latin America .... ,......
Total Latin America ............
Asia!
China. People's Republic of
(China Mainland) ...............
China, Republic of (Taiwan)....
Hong K o n g .......................
India............................
Indonesia.... ..................
Israel...................... .
J apan,...........................
K o r e a ........... ................
Lebanon.....................
Malaysia........................
Pakistan........................
Philippines.....................
Singapore.......................
S y r i a ............................
Thailand.................. ......
Other A s i a ........ ..............
Total A s i a .... ................
1
I
26
243
22
24
613
236
16
380
70
53
16
122
29
189
136
1,170
25
12
57
12
Foreign
banks and
official
insti
tutions
25
216
15
10
595
223
8
285
53
26
16
63
17
128
133
993
23
9
57
10
1
26
7
14
18
13
9
95
17
27
*
59
12
61
3
176
2
3
*
2
36
32
4
10,243
3,485
2,936
549
3,035
635
267
379
1,103
193
1,068
994
55
249
-
1,241
792
144
3,841
41
524
912
15,406
2,943
356
541
13
311
3,261
847
728
29
37
1,223
791
144
3,701
41
524
32,030
31,808
5
1,124
317
32
53
328
9,485
1,736
32
74
45
463
409
52
491
1,470
5
1,123
39
308
32
53
328
9,178
1,736
31
70
45
463
1,388
107
378
*
192
2,777
472
512
11
21
871
262
36
432
26
56
9,022
1
85
103
14
26
85
530
201
10
8
101
1,388
196
421
11
11
213
112
2
345
5
44
5,406
1
68
46
14
13
73
481
145
8
368
186
35
395
52
129
*
91
1,389
276
92
*
10
657
150
14
12
49
56
1
1
390
7
19
2
*
6
22
10
13
20
3,072
19
16
9
2
21
43
6
57
312
4
150
133
250
630
23
485
30
43
30
13
i
73
15
35
13
2
72
27
*
5
*
*
* Less than $500,000,
5
*
*
-
*
_
-
14
2
441
1
515
12,936
_
_
_
-
5
5
*
*
-
15,845
10,596
5,249
6,195
12,936
_
*
4
12
*
2$,259 T J 8 9 §
_
1
1
28,260
_
_
_
_
_
1,898
*
_
_
_
_
2
6
_
1
1
5
1
_
_
_
*
316
_
_
1
4
*
1
6
111
12
" " " 1,100
_
_
_
_
_
1,100
*
*
_
1
4
*
*
5
*
*
•*
*
*
1
*
4
15
6
*
_
*
7
1
-
14
*
*
*
*
"
12
-
-
~
5
*
*
*
_
_
«
_
_
*
*
175
*
2
*
1
12
-
_
_
*
_
_
_
*
3
*
*
1
*
*
*
*
•*
303
2
1
124
*
*
-
*
*
-
10
2
*
3
*
*
83
8
1
184
4
7
82
*
6
10
1
*
*
_
_
1
4
*
*
3
5
*
31
15
*
•*
301
3
*
5
63,236
6
17
21
308
7
99
6
16
1,427
25
*
*
1
*
_
_
*
*
38
6,195
65,134
2
10
5
*
*
14
*
*
18
*
*
140
12
*
2
99
*
2
4
1
48
Total International and regional.
3,240
*
1
*
15
168
*
*
6
_
1
11
*
2
20
*
5,249
Grand total.......................
1
*
82
*
5
*
2
-
Other
322
2
331
29
-
2
25
56
17
2,279
10,591
-
2
3
*
*
7,887
77
_
-
26
77
304
5
*
2
30
1
1
3,690
15,840
-
2
6
200
14,286
208
2
11
1
*
764
5
203
5
1,033
213
114
53
318
44
189
37
243
63,230
-
238
*
315
330
779
5
482
659
49
282
65,128
1
«.
650
2,168
6
312
10
Total other countries..........
1
-
4,850
138
1
1
9
1
Total foreign countries..........
International and regional;
International,............... .
European regional......... .
Latin American regional........
Asian regional,......... .......
African regional................
904
3
32
98
690
15
14
13
44
10
2
*
3
*
*
5
5
5
946
75
5
4
206
4,148
1,491
*
37
302
49
27
1
79
*
*
61
31
9
81
5
219
650
115
12
41
88
27
21
15
8
5
91
*
17
57
*
72
3
116
314
34
38
4
*
*
*
*
10
46
94
3
4
16
265
Other Countries:
Australia.......................
All other .......... .............
12
11
6
97
1
110
1
222
143
4
23
25
791
597
130
20
5
■*
18,866
149
4
23
26
802
1,593
94
141
3
3,515
7
21
*
*
*
*
*
*
*
*
*
31
16
5
*■
2,862
367
599
1,003
27
11
32
Foreign
government
obligations
and commer
cial and
finance
paper
1
1,058
125
1,613
6
64
22
6
27
122
184
2
1
*
34
93
*
6
1
3,617
1,563
Total Africa,. ..................
20
238
5
18
61
72
41
50
105
*
*
*•
1,930
6
8
84
23
42
12
210
97
1
3
103
5
421
15,786
10
52
13
117
8
522
144
4
3
185
29
22
12
16,117
10
130
8
104
15
Total
15
*
34
87
52
491
1,465
1
11
12
119
65
33
16
5
13
103
40
24
*
Other
Deposits of
reporting
banks and
domestic
customers
with
foreigners
194
341
103
13
7
9
61
70
35
75
455
406
5
32
Short-term claims payable
in foreign currencies
Accept
ances
made for
account
of
foreign
ers
133
133
4
17
13
18
16
80
72
35
81
580
Africa:
G ha n a .............. .............
Liberia.........................
Mo r o c c o .........................
South Af r i c a ....................
Zai r e .... .......................
Other Af r i c a ....................
Other
Collections
outstanding
for account
of report
ing banks
and domestic
customers
W
_
_
_
_
_
_
323
3
3
“ ■"474 '
-------
-
_
_
_
_
474
97
May 1977
------------------Section
CAPTTAT. MflVEMRNTS
II - C l a i m s
on
Table
Foreigners
CM-II-4.
Reported
- L o n g - T e r m
by
B a n k s
Claims
by
in
the United
States
Type
(In millions of dollars)
Payable in dollars
End of
calendar
or m onth
year
Total
long-term
claims
Loans
Total
1 957..........................
1 9 5 8 .........................
1 9 5 9 .........................
1 9 6 0 .........................
.........................
1 9 6 2 ... ......................
Total
Official
institutions
Banks
2,034
2,160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
\
2,293
2,379
2,293
2,379
2,260
2,346
660
730
273
273
1963 1 / ......................
/
\
2,837
3,030
2,834
3,028
2,811
2,781
725
728
1964 1 / ......................
/
^
3,971
4,285
3,971
4,283
3,777
3,995
703
716
4,517
4,180
3,925
3,567
3,250
3,075
3,667
4,508
4,211
3,909
3,552
3,232
3,050
3,645
3,915
3,635
3,158
2,806
2,698
3,345
793
702
669
528
502
504
575
4,954
5,063
4,914
5,023
4,539
4,588
833
844
1 9 7 3 ..........................
1 9 7 4 ......... ........ .......
1 9 7 5 .... *................. .
5,996
7,179
9,540
11,687
5,446
6,490
8,316
1976-Mar.....................
A p r . ...... ..............
M a y . ....................
June....................
9,831
10,009
10,266
10,212
5,924
7,099
9,423
11,539
9,683
9,893
10,151
10,091
9,933
8,478
8,598
8,804
8,743
July....................
A u g .....................
Sept....................
10,385
10,955
11,205
10,252
10,822
11,063
8,867
9,357
9,551
O ct.................
N o v .......... .,........
Dec..,............ .
11,345
11,206
11,687
11,539
9,670
9,837
9,933
11,534
11,662
12,050
9,953
10,131
10,421
1,174
1,362
1,545
1,698
1961
1963-May 1 / ..................
f
1 9 6 5 .........................
19 6 7 .........................
1 9 6 8 .........................
1 9 6 9 .........................
1970.........................
1 9 7 1 .........................
1972 1 / ......................
f
^
1977-Jan...................
Feb. p ..................
Mar. p ..................
1/
11,612
11,684
11,873
12,240
4,162
11,466
Data on the two lines shown for this date differ because of changes
m reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
1,160
1,328
Other
foreigners
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,342
33
33
*
*
397
397
1,659
1,685
54
217
701
729
2,372
2,550
195
288
*
2,790
2,702
297
247
274
394
9
628
1,328
1
315
1,958
2,455
426
352
300
430
430
3,276
3,314
375
435
40
40
591
931
1,567
478
609
1,107
1,606
72
80
116
148
1,205
1,295
1,347
1,348
149
116
115
236
2,642
2,393
2,096
2,212
1,337
1,379
1,368
1,569
1,654
1,727
1,743
1,850
5,672
1,979
2,039
6,015
6,176
2,115
2,164
6,209
6,283
6,275
1,344
1,363
1,337
1,346
1,390
1,446
2,212
1,430
1,548
3,178
2,231
n.a.
p
*
2
2
18
15
16
18
25
22
512
323
237
209
3,694
4,231
5,374
6,275
5,592
5,607
5,697
5,632
1,636
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,375
1,446
1,316
Other
long-term
claims
2,201
Not available,
Preliminary,
I,ess than $500,000.
6,345
6,352
6,583
1,386
1,465
1,512
1,536
1,628
121
133
133
142
139
147
1,606
148
1,581
150
1,531
1,629
211
190
Treasury Bulletin
98
__________________ CAPITAL MOVEMENTS____________________
Section
[I - C l a i m s
Table
on
Foreigners
CM-II-5.
Reported
- L o n g -Term
by
B a n k s
Claims
by
in
the
United
States
Country
(Position at end of period in millions of dollars)
Calendar year
1976
1977
Country
1973
1976
1975
1974
Dec.
Nov.
Oct.
Jan.
Feb. p
Mar. p
Europe:
23
13
50
25
191
94
3
22
29
22
Belgium-Luxembourg...................
Finland...............................
174
106
89
61
198
96
33
61
20
47
8
Netherlands...........................
Portugal..............................
Yugoslavia....................... .
Other Western Europe.................
Poland................................
Other Eastern Euro p e .................
Total Europe .........................
1,271
Latin America:
A rgentina.............................
Bahamas...............................
Panama................................
P eru..................................
Trinidad and Tobago ..................
Uruguay...............................
3,362
590
586
518
536
840
163
25
176
43
1,166
134
63
224
156
1,516
218
157
1,487
207
74
*
50
1,295
118
156
64
1
26
701
77
110
9
2
n.a.
n.a.
244
167
3
*
37
13
14
Total Latin America..................
2,116
2,614
62
90
33
54
29
35
194
47
43
71
Singapore.............................
S y r i a .................................
Tnailand..............................
Middle-East oil-exporting countries 2 A
Other A s i a ...........................71 f
Total A s i a ............................
Africa:
E g y p t .................................
Gh a n a .................................
Liberia...............................
Moro c c o ...............................
S outh A f r i c a.........................
Z aire.................................
Oil-exporting countries .2/..........
Other Af rica..........................
Total A f r i c a .........................
Other countries:
Australia.............................
All other.............................
246
258
103
12
18
/
(
\
543
1,582
8
6
250
223
15
4
28
20
3,468
2
318
37
37
144
231
296
230
21
19
384
53
73
1
74
39
62
21
220
1,795
22
7
n.a.
*
150
148
201
94
*
81
1,411
118
245
4
7
293
280
15
232
35
6
876
212
201
155
1,524
213
85
*
78
1,385
118
224
4
6
48
261
269
17
17
97
24
271
275
17
17
90
31
4,806
4,565
4,694
11
101
2
10
*
224
156
1,516
201
94
*
81
1,411
118
245
4
7
293
280
15
11
101
48
4,806
2
345
54
30
139
206
391
255
335
55
32
149
187
381
254
368
276
345
54
30
139
206
391
255
n.a.
n.a.
161
5
*
n.a.
n.a.
182
5
*
n.a.
n.a.
171
5
*
n.a.
n.a.
161
5
*
171
94
141
109
21
20
146
112
1,886
10
13
n.a.
15
236
22
1,900
201
21
20
1,885
11
11
5
11
n.a.
15
212
n.a.
15
227
77
269
277
21
20
146
112
1,886
10
13
n.a.
15
236
83
264
262
50
7
90
900
217
20
210
151
1,554
192
92
1
82
1,459
116
247
3
8
296
272
45
27
102
22
20
79
1
18
182
13
249
84
157
78
172
81
236
11,643
*
-
3
4
27
4
35
35
35
35
International and regional:
4
~
-
1
1
1
6
2
1
5
2
1
6
2
1
6
2
201
101
79
4
20
14
19
205
13
253
82
201
89
876
173
66
10
*
21
10
18
204
13
247
100
209
88
890
189
71
260
12,173
60
60
26
1
5
2
-
-
-
-
-
-
31
44
43
44
44
35
Grand total.............................
5,996
7,179
9,540
_ v
11,687
11,345
11,612
11,687
11,684
2/ Includes Algeria, Gabon, Libya, and Nigeria.
417
273
22
239
-
Less than $500,000.
Preliminary.
Not available.
138
202
11,805
7
*
p
n.a.
206
363
263
253
4
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
146
11,649
Total international and regional....
1/
2/
102
1,891
159
67
226
296
45
33
1,841
8
168
70
11,568
*1
8
316
1,835
157
78
238
241
152
18
172
63
11,302
84
1,399
128
14
17
123
27
123
40
236
93
*
80
4
137
154
23
11,643
214
162
856
235
204
148
1,630
160
5
19
117
24
883
9,508
566
4
341
47
26
888
163
]02
3.616
5
333
51
26
839
7,171
79
1,438
113
243
3
7
324
272
45
30
6
99
924
227
14
270
392
215
*
332
54
24
149
197
383
270
883
177
20
21
389
53
7
747
5,992
204
153
1,635
<si
93
*
31
38
4,951
366
Total other countries................
221
102
4,950
355
■
216
18
245
393
57
63
384
93
190
4,878
262
1
868
24
21
7
176
219
Total foreign countries................
European regional....................
Latin American regional.............
43
7
89
83
259
254
f
{
\
83
264
21
341
54
35
143
318
22
318
151
269
31
/
J —
33
983
92
224
n.a.
n.a.
150
15
*
14
*
n.a.
2
88
1
n.a.
n.a.
135
17
*
1,619
16
n.a.
n.a.
251
407
207
3,309
142
19
662
251
103
n.a.
n.a.
n.a.
169
n.a.
n.a.
32
n.a.
377
445
187
105
31
45
3,246
570
230
191
106
32
45
23
109
35
44
24
324
42
7
94
839
193
34
n.a.
399
431
68
61
290
86
3,286
Other Latin American Republics......
Bermuda...............................
British West Indies..................
Netherlands Antilles 1 / .............
Other Latin America..................
Asia:
China, People's Republic of
(China Mainland)....................
China, Republic of (Taiwan).........
Hong Ko n g .............................
I ndia.................................
Indonesia.............................
Israel................................
J apan .................................
K o r e a .................................
Lebanon...............................
Malaysia.... .........................
Pakistan..............................
100
201
201
88
27
14
3,191
202
34
n.a.
384
414
586
6
65
67
204
27
9
67
61
3,246
88
621
555
6
298
136
117
185
109
38
49
24
342
41
7
78
11
2,708
15
187
38
7
501
n.a.
464
62
62
n.a.
201
23
1,908
66
490
136
87
1
Chile.................................
Colombia..............................
C u b a ..................................
Ecuador...............................
100
201
24
9
61
58
174
51
n.a.
304
379
110
72
5
n.a.
129
154
65
67
204
23
18
62
60
194
108
189
116
39
50
24
311
42
7
96
818
23
n.a.
178
233
83
329
148
23
11
109
35
44
24
324
42
7
94
839
193
34
n.a.
399
431
8
122
30
8
113
28
3
39
Sw e d e n ................................
Switzerland...........................
Turkey................................
23
17
60
53
175
71
241
91
48
1
2
5
-
68
11,873
1
4
2
_
. .. . 67 ,
12,240
99
M a y 2977
____________________ CAPITAL MOVF.MF.NTS
Section
Table
II - C l a i m s
CM-II-6.
on
Foreigners
- L o n g - T e r m
Reported
Claims,
by
T y p e
by
and
B a n k s
in
Country,
the
United
as
of M a r c h
States
31, 1 9 7 7
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe*
Austria.....................................
glum-T.inremhoiirg,
Total
long-term
claims
S p a i n................ ................... .
S w eden .................... *................
Switzerland...................... .........
Tu r k e y ............ .........................
United Kingdom.............................
Yugoslavia.................................
Other Western Europe ......................
Poland......................................
U.S.S.R.....................................
Other Eastern Europe......................
24
21
57
63
384
93
190
102
31
38
21
389
53
6
99
924
227
14
270
392
215
Total E u rope .............................. .
3,616
Greece............... .......................
Netherlands......... .......... ......... .
Norway........................... ..........
566
Loans
Total
20
19
57
63
384
93
188
102
25
38
21
3 88
52
6
90
917
226
'—
Long-term
claims
payable in
foreign
currencies
Other
19
19
57
51
370
87
188
88
24
37
15
386
52
3
74
400
1
*
13
13
6
1
14
*
1
6
2
3
17
517
4
2
*
1
6
1
2
*
34
1
15
1
3
9
7
1
1
*
14
270
392
215
192
13
254
391
213
3,580
2,934
646
35
470
/Q
*¥7
47
32
." 5 1 8 ...
Argentina...................................
B f l h w s , ................... ........ .
Brazil .................................... .
Chi l e .......................................
Colombia.................. ........ ........
C u b a ............................ .
Ecuador .......... ................... .
Me x i c o ......................................
Panama......................................
Peru....................... ................
Trinidad and Toba g o.......................
U ruguay................................... .
Venezuela..................................
Other Latin American Republics...........
Bermuda.....................................
British West Indies.......................
Netherlands Antilles................... .
Other Latin America......... ..............
204
148
1,630
214
93
*
1,630
214
93
*
84
1,399
128
241
1
8
316
296
45
33
102
7
1,399
128
241
1
8
312
296
45
16
102
7
173
144
1,527
98
89
*
78
1,277
116
227
1
7
301
281
45
14
98
6
Total Latin America.......................
4,951
4,929
4,422
Asia.
China, Pe ople’s Republic of
(China Mainland) .........................
China, Republic of (Taiwan).......... .
Hong Ko n g ............... ..................
India.......................................
Indonesia......................... ........
Israel.............. .............. ........
Jap a n .................................... .
Korea.................................... .
L ebanon....................................
Malaysia ...................................
Pakistan...................................
Philippines................................
Singapore..................................
S y r i a ................................. .
Thailand............................. ......
Other A s i a .................................
4
341
47
26
138
202
417
273
20
80
4
137
10
*
21
170
4
341
47
26
138
198
415
270
20
79
4
137
10
*
21
170
*
202
38
26
131
192
173
1
79
4
107
4
_
15
154
7
5
4
97
19
30
6
*
5
17
1,891
1,880
1,536
344
Africa:
E g y p t ......................... ..............
Gha n a .......................................
Liberia.....................................
Morocco.....................................
South Africa...............................
Zaire.......................................
Other A f rica...............................
10
18
204
13
247
100
297
10
18
204
13
210
100
296
6
*
204
13
135
89
280
4
18
*
*
75
12
16
Total A f rica ......... ......................
890
852
726
126
38
189
71
187
71
178
71
9
3
Total A s i a .............................. .
Other countries*
Australia........................... .......
All other ..................................
204
148
84
410
4
103
116
3
7
122
12
14
*
11
15
_
*
_
_
_
*
*
»
_
4
_
2
4
1
18
447
22
4
139
8
_
_
_
_
4
2
3
1
_
_
.
_
*
11
_
_
37
1
Total other countries.....................
260
258
249
9
3
Total foreign countries.....................
12,173
12,017
10,397
1,620
156
International .and.repLioneO.:
International..............................
European regional ..........................
Latin American regional. ..................
Asian regional.............. ...... .......
African regional...........................
60
1
4
2
-
26
1
4
2
-
20
_
6
1
*
2
-
33
4
_
-
_
.
-
Total international and regional.........
67
33
24
9
33
Grand total ........... .......................
12,240
12,050
10,421
1,629
190
* Less than $500,000.
Treasury Bulletin
100
___________________________ CAPITAL MOVEMENTS__________________________
Section
III - L i a b i l i t i e s t o
Foreigners R e p o r t e d
Table
CM-III-1.
by
Nonba n k i n g
- Liabilities
by
Concerns
in
the
United
States
T y p e
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
1 9 5 7 ......................
566
491
428
62
75
1 9 5 8 ......................
499
440
368
71
60
512
1 9 5 9 ......................
664
581
69
83
1960 £ / ...................
f
{
574
596
485
507
424
437
6
701 J)
89
1961 -Mar. _2/.............
f
^
674
691
583
600
510
525
73
76 J
91
June 2 / .............
f
(
756
778
673
684
563
572
111
113
83
94
833
678
569
109
155
1962-June g / .............
f
{
778
817
626
665
527
551
99
114 J
151
Dec. 2 / .............
f
{
798
805
637
644
508
513
129
130 J
161
775
626
479
14 8
148
763
725
622
585
471
441
151 1
144 J
140
807
700
556
144
107
943 "I
958 j
810
600
210
1,419
1,089
827
262
329
1,784
1,815
1,371
1,386
1,027
1,039
343
347
414
D e c ..................
19 6 3 .................
1964-June % / .............
f
{
D e c ..................
1965 g / ...................
f
I
19 6 6 ......................
1967 2 / ...................
f
(
f
^
136
147
4 28
2,737
1,608
1,225
382
1,129
f
^
3,511
4,428
1,786
2,124
1,399
1,654
387
471
1,725
2,304
5,780
2,677
2,181
496
3,102
1971 g / ...................
f
{
5,863
5,901
2,704
2,763
2,229
2,301
475
463
3,159
3,138
1972 2 / ...................
(
I
6,659
7,017
3,119
3,414
2,635
2,948
484
466
3,540
3,603
1973 ......................
^
7,889
4,002
3,290
713
3,886
9,796r
5,917r
5,017
900r
10,262r
10,419r
6,006r
6,350r
5,402r
5,700r
605r
650r
1 968......................
1969 g / ...................
197 0
197 4
197 5
1976 M a r ..................
Sept.............. .
Dec.p................
10,236r
6,301
5,676r
625r
10,043
.9,982
6,318
6,476
5,702
615
5,867
609
3 ,879r
4,256r
4,069r
3,935r
3,725
3,506
.iote:
Breaks in series arising from changes in reporting coverage which
for earlier quarter ends wh e n the reporting coverage changed,
amount to $5 million or less for any year are not shown; i n such
2/
Data on the iairo lines shown for this date differ because of
eases, only the figure comparable to that for the following date is
changes in reporting coverage. Figures on the first line are
shown.
comparable in coverage to those shown for the preceding date;
1 / Data are shown for calendar year ends and for most recent five
figures on the second line are comparable to those shown for
quarter ends for which figures are available.
Data are also shown
the following date, p Preliminary.
r
Revised.
101
May 1977
__________________________ CAPITAL MOVEMENTS__________________________
Section
III - L i a b i l i t i e s t o F o r e i g n e r s
Table
CM-III-2.
Reported
by
- Short-Term
Nonbanking
Concerns
Liabilities b y
in
the
United
States
Country
( Position at end of period in millions of dollars)
Calendar year
1976
1975
Country
1972 1/
1971
Europe:
Austria...........................
Belgium-Luxembourg..............
Denmark...........................
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
*
1973
2
88
7
4
150
162
15
103
108
14
4
77
13
105
4
1,118
7
2
*
1974
3
139
9
7
140
Dec.
June
M arch
Sept.
Dec. P
20
524
24
16
203
313
39
124
117
9
19
56
41
138
8
1,256
40
5
48
16
14
299
9
14
149
149
19
172
114
20
4
81
29
130
25
998r
76
8
20
11
6
296
12
10
205
152
25
125r
162
23
3
68
25
159
14
929r
91
6
23
10
13
233
12
7
159
228
29
ll6r
170
22
3
51
24
213
20
846r
108
7
10
16
15
183
13
21
185
256
28
128
141
24
5
36
35
241
16
789
113
8
19
14
10
166
7
4
198
173
48
97
141
29
13
40
34
187
13
810
123
7
9
13
2,341r
Other Eastern Europe............
4
3
3
232
40
98
125
9
13
75
48
102
10
951
16
3
9
25
Total Europe.....................
1.611
1,830
1,986
2,053
3,016
2,344*
2,286r
2,270
2,122
Canada..............................
181
209
215
263
307
295
313r
36 9 ?
32T
376
38
374
118
22
14
*
60
21r
36
277
96
42
330
90
15
19
■*
72
12r
31r
3
I
95
55
130
41
251
53
16
11
*
38
260
65
17
13
*
14
2
49
83
26
101
14
17
*
82
16r
29r
3
100
71
35
138
a
376
91
11
16
*
92
lOr
30r
2
163
71
58
214
84
74
10
32
3
222
100
68
129
95
34
25
4
219
137
10
101
1,176r
l,077r
1,011
1,017
8
124
28
10
133
34r
290
62
18
11
20
112
40
23
136
39
228
77
53
24
1,326
Italy.............................
Netherlands......................
Norway............................
S pain.............................
Sweden............................
Switzerland......................
T urkey............................
United Kingdom...................
Yugoslavia.......................
Other Western Europe............
Latin America:
Argentina........................
18
289
22
14
7
*
22
5
7
2
16
32
3
5
19
323
35
18
8
1
27
8
5
6
17
35
10
7
19
396
35
9
7
1
26
18
4
7
17
39
10
4
24
428
64
12
9
*
442
519
593
728
922r
912r
1
18
11
26
10
10
173
13
5
3
141
32
28
12
7
12
12
149
20
15
5
117
32
26
12
7
15
19
225
21
16
5
102
42
34
41
14
14
25
295
37
17
6
183
17
92
19
7
60
50
347
75
25
10
536
6
97
17
7
137
31r
295
69
14
18
Total A s i a .......................
412
410
480
708
1,237
Africa:
Egypt.............................
Mo rocco ..........................
South Afri ca.....................
Z aire.............................
Other Africa.....................
1
1
31
1
34
25
3
7
1
56
25
3
8
1
59
10
15
14
19
110
Total Africa.....................
67
92
96
168
Other countries:
Australia......................
All other........................
42
8
47
13
30
14
71
12
Brazil............................
Chile.............................
C u b a ..............................
M e xico............................
Panama............................
Peru..............................
U ruguay..........................
Venezuela ........................
Other Latin American Republics..
Netherlands A n t i l l e s ! / ........
Other Latin America .............
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland) ...............
China, Republic of (Taiwan)....
Hong Ko n g ........................
India.............................
Indonesia........................
Israel............................
Japan.............................
K orea.............................
Philippines......................
Thailand.........................
Other As i a .......................
46
13
15
2
36
51
6
22
Total other countries...........
50
60
44
82
Total foreign countries...........
2,763
3,119
3,414
4,002
International and regional
1/
*
*
*
*
2,763
3,119
3,414
4,002
Data in two columns shown for this date differ because of changes in
reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
1,031
26r
307
53
18
18
1,022r
l,035r
7
129
33
11
144
32
275
85
28
23
1,260
l,721r
l,733r
1,752r
2,027
2,080
3
14
43
18
112r
37
8
100
6
239r
30
7
113
7
345r
22
32
88
12
372r
25
42
65
24
276
27
43
54
36
438
190r
390r
502r
527r
432
597
56
30
55
17
47
18
32
12
50
18
57
19
86
5,759r
158
5,917r
2/
2/
*
p
5
110
23
9
73
5,731*
276
6,006r
141r
.65"
6,132r
219
6,350r
44
6,055r
67
76
6,131
6,267
246
186
208
6,301
6,318
6,476
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
Less than $500,000.
Preliminary.
r Revised.
102
Treasury Bulletin
___________________________ CAPITAL MOVEMENTS_________________________
Section
Table
III - L i a b i l i t i e s t o F o r e i g n e r s
Reported
C M - I I I - 3 . - S h o r t - T e r m Liabilities, b y
by
Nonbanking
T y p e
and
Concerns
Country, as
of
in
the
United
D e c ember
States
31, 1 9 7 6
Preliminary
(Position in millions of dollars)
Country
Total
Short-term
liabilities
Payable in
dollars
Payable in
foreign
currencies
Earone:
Italy.............................
United Kingdom...................
Other Eastern Europe............
Canada..............................
10
166
7
4
198
173
48
97
141
29
13
4-0
34
187
13
810
123
7
9
13
7
109
6
4
182
136
48
82
133
28
13
28
29
137
9
742
123
5
9
12
3
57
*
*
16
37
•*
16
8
1
*
12
5
50
3
68
*
1
*
•*
2,122
1,843
279
376
195
180
I*t;ui_ferica:
38
37
1
260
65
17
13
*
234
63
16
12
*
26
2
*
*
*
95
34
25
4
219
137
10
101
91
33
24
3
216
133
10
100
4
1
1
*
4
4
*
2
1,017
973
44
Korea.............................
Philippines......................
Thailand.........................
Other As i a .......................
20
112
40
23
136
39
228
77
53
24
1,326
20
112
27
22
136
38
176
77
53
23
1.308
1
12
1
*
1
52
*
*
1
17
Chilp.............................
Colombia
......................
C u b a .............................
U ruguay......................... .
Other Latin American Republics..
Netherlands A n tilles ............
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong K ong ........................
India.............................
Israel........... ................
Total A s i a .......................
2,080
1,993
87
Africa:
Egypt.............................
M o rocco..........................
South Africa .....................
Zaire..........................
Other Africa.....................
27
43
54
36
438
27
42
52
33
427
*
1
2
2
11
Total Africa .....................
597
581
16
Other countries:
Australia........................
All other........................
57
19
55
18
2
1
76
73
3
Total foreign countries...........
6,267
5,658
609
208
208
-
6,476
5,867
609
M e m t i o n a l .and ^regional........
Grand t otal ........................
* Less than $500,000.
May 1977
103
CAPITAL MOVEMENTS___________________________
Section
III - L i a b i l i t i e s
to
Table
Foreigners
CM-III-4.
Reported
by
- L o n g - T e r m
N o n b a n k i n g
Concerns
Liabilities b y
in
the
United
States
Country
(Position at end of period in millions of dollars)
1975
Calendar year
1976
I
Country
1972 1/
1971
1973
Europe:
Italy.............................
Netherlands......................
N orway............................
Portugal ........................
Yugoslavia.......................
Other Western Europe............
*
*
261
41
254
43
*
78
348
20
152
236
*
*
81
553
19
201
164
*
4
5
3
455
866
*
*
3
*
2
213
38
*
55
361
20
152
207
*
*
475
*
3
5
573
*
94Q
*
*
983
*
*
31
392
8
150
219
2
*
4
5
572
*
1,112
*
*•
*
Other Eastern Europe............
2,652
Qai^ada..............................
175
36
*
73
2,560
64
2,613
94
2,706
104
March
Dec.
1974
1
266
29
*
24
474
1
144
218
1
*
5
30
590r
*
l,238r
•*
1
9
*
10
170r
*
l85r
5
31
522r
*
l,604r
*
1
19
*
27
*
48r
446
1
77
214
1
*
6
31
484r
*
1,577r
*
1
20
*
29
*
47r
425
1
71
214
*
*
6
32
467r
*
l,493r
*
1
20
*
10
194r
27
*
58
506
1
87
202
1
*
Dec. P.
Sept.
June
10
150
6
169
26
*
31
K
46
406
1
75
270
*
*
6
38
327
*
41
396
1
69
258
1
*
1,445
*
*
20
*
2,820 1
5
38
260
1
1,406
*
1
16
*
2,696
3,268r
3,114r
2,992r
lOOr
155r
144r
I66r
111
86
1
157
5
1
1
1
132
5
1
1
1
138
5
1
1
3,034*“
Latin. A f r i c a :
Bahamas2 / .......................
Brazil.................. .........
Chile*.............................
Colombia .,........................
C u b a ..............................
Mexico. ...........................
Panama......... ..................
Peru..............................
Uruguay............. ....... .
Venezuela.................. .
Other Latin American Republics..
Total Latin America .............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hnng Ko n g ........................
India.............................
Indonesia...................... .
Israel............. ............ .
Japan.............................
Korea.................... ........
Philippines......................
Thailand................... ......
Other A s i a .......................
1
280
1
1
*
1
250
1
1
*
1
343
1
1
*
1
471
1
1
1
1
177
3
1
1
1
210
4
1
1
1
184
5
1
1
1
14
*
*
2
3
10
*
1
11
3
1
2
4
64
1
1
11
1
1
2
4
18
1
3
4
*
*
1
7
5
9
3
7
*
*
1
7
7
7
3
3
*
*
2
6
29
9
6
4
*
*
2
7
27
11
6
4
*
*
2
7
27
11
7
3
*
*
2
7
27
45
15
2
*
*
2
9
23
45
314
340
385
505
269
248
222
230
______2£L
*
*
*
1
1
1
1
J.
1
n
X
1
1L
J
1
X
1
1
*
*
*
*
3
367
X
)
4
Pit
*
*
j
4
J
6
*(
7
8
8
8
82
460
Of
496
oo
&ri
O(
495
489
do
od
498
*
*
*
2
*
*
*
*
*
*
*
*
1
1
2
216
*
*
*
5
1
*
rt
O
512
^9
A
o
481
D
490
*
1
*
5
*
5
*
1
47
*
1
495
*
1
503
531
Africa:
Egypt.... ............... ........
M o rocco ...........................
South Africa............... ......
Zaire..... .......................
Other Africa.....................
*
*
*
_
*
*
*
_
*
*
*
_
*
*
6
_
*
*
7
6
6
1
1
*
*
*
*
2
Total Africa.....................
7
6
6
8
6
2
2
64
*
66
*
65
*
Total A s i a .......................
Other countries:
Australia................. .
All other........................
45
*
74
*
1
*
6
32
*
Total other countries...........
45
74
2
33
Total foreign countries...........
3,138
3,540
3,603
3,886
-
-
-
*
3,603
3,886
Intgnagftisnal .md^Le^ional
Grand to^al .......................
1/
3,138
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shorn for the following date.
65
3,#79r
3,879r
66
4,256r
4,256r
65
4,069r
4,069r
64
*
64
3,935r
3,935r
5
00*7
388
*
4
4
2
64
*
8
J.
9
423
*
*
1
*
1
2
57
1
64
58
3,725
3,506
-
-
3,725
3,506
2/ Through December 31, 1972, Bermuda included with Bahamas.
2 / Through December 31, 1975, Surinam included with Netherlands Antilles.
*
Less than $500,000.
p
Preliminary.
r Revised.
Treasury Bulletin
104
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
'In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
Payable in foreign currencies
Total claims
Payable in
dollars
1/
Deposits with banks
abroad in repor t e r '£
own name
Long-term
claims
Other short-term
claims payable in
foreign currencies
1957....
947
777
637
78
63
170
1958....
943
720
568
88
63
223
1959....
1,009
705
605
68
32
304
I960 2/.
' 1,775
^1,859
1,432
1,505
824
875
58
71
549
560
344
354
1961-Mar. £/..
r 1,633
1,701
1,248
1,305
939
968
76
89
233
248
385
396
June 2 J ••
t 1,895
1.934
1,496
1,528
1,181
1,208
122
126
193
194
399
406
Sept. £/.
' 2,099
2,117
1,646
1,664
1,323
1,340
131
132
192 "i
192 J
453
D e c ......
2,138
1,636
1,335
150
151
502
1962-June 2/..
^2,443
2,678
1,807
I,974
1,475
1.598
178
208
153
168
636
704
Dec. 2/..
'2,809
2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
1963-Mar. g/..
2,929
^2,979
2,113
2,162
1,712
1,758
201
204
200
200 j
816
June g/,.,
f
e\
^3,164J
3,04
2,282
1,877
Dec. 2/..
"2,854
^2,922
2,131
2,188
1,739
1,778
201
199
191
211
1964-June 2/..
'3,297
3,245
2,482
2,430
2,000
1,952
220
219
262^1
260 J
Dec. 2/..
' 3,738
3.934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
1965 2 / .......
' 3,565
3,438
2,397
2,299
2,000
I,911
167
166
229
222
1,169
1,139
3,884
2,628
2,225
167
236
1,256
' 4,483
4,581
2,946
3,011
2,529
2.599
201
203
216
209
1,537
1,570
1 96 6
1967 2 / .......
183
f
^
766
882
V23
734
815
1968....
5,572
3,783
3,173
368
241
1,790
1969I S •
' 5,925
6,523
3,710
4.159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
4.160
3,579
234
348
2,950
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
5,723
5,074
411
238
3,370
6,294
8,471
5,643
393
258
7,584
1970___
1971 2/.
1972 g/.
8,^03
8,068
493
394
3.,666
4,057
473
564r
548r
4,544
12,151r
10,241
II,048r
539r
4,984f
ll,713r
478r
508r
5,177r
12,698r
13,847r
12,912r
496r
439r
5,034c
13,190
12,211
493
487
4,970
379
557
4,982
14,148
13,212
197 3
II,263r
197 4
197 5
1976-Mar....
June..,
Sept.•,
Dec.p.,
Notebreaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such _
cases, only the figure comparable to that for the following date is
l/
Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available.
Data are also shown
2/
p
for earlier quarter ends w hen the reporting coverage changed.
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.
105
May 1977
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1975
1976
Country
1971
1972 1/
1973
Europe:
Austria..............
Belgium-Luxembourg...
Denmark..............
Finland..............
France...............
Germany..............
Greece...............
Italy.................
Netherlands..........
Norway................
Portugal.............
Spain.................
Sweden...............
Switzerland..........
Turkey...............
United Kingdom.......
Yugoslavia...........
Other Western Europe.
U.S.S.R..............
Other Eastern Europe.
14
60
15
18
202
192
34
186
68
13
16
124
40
63
9
947
13
13
14
13
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
23
19
35
187
81
16
19
153
57
82
48
1,213
12
12
23
19
Total Europe.........
2,052
2,309
Canada .................
7 77
899
54
366
148
46
45
1
151
21
Latin America:
Argentina.....................
Bahamas 2 / ..................... .
Brazil...........................
Chile............................
Colombia,............... .
Cuba.............................
M e xico.... .....................
Panama............. .............
Peru..........................
U ruguay.........................
Venezuela.....................
Other Latin American Republics.
Netherlands Antilles
.......
Other Latin America............
Total Latin America.
As i a :
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
Hong Kong....................
India........................
Indonesia.......... .........
Israel.......................
Japan....................... .
Korea........................
Philippines..................
Thailand.... ........... .
Other A s i a ...................
Total Asia.
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
16
133
39
91
291r
355
33
380
167
41
44
407
62
242
27
17
116
35
36
355r
305
1,545
36
1,847
22
15
77
27
21
91
50
l,901r
36
14
150
70
2,502
3,368
4,450
960
1,235
1,613
55
662
170
25
39
1
181
85
36
4
92
95
13
42
47
626
232
34
40
1
238
61
47
5
134
140
13
222
67
594
468
106
34
5
81
99
9
24
59
520
175
33
41
1
180
19
40
4
89
91
12
23
1,084
1,289
1,500
1,840
1
41
23
35
28
22
405
68
*
144
*
67
24
33
33
31
456
63
49
15
201
65
36
33
48
31
508
67
59
15
201
830
972
9
2
7
3
53
5
73
48
15
41
6
97
Total Africa.
155
80
17
19
73
29
25
209
190
140
94
20
43
28
336
62
254
23
21
163
50
79
426
377
51
383
162
49
40
369
89
241
25
2,280r
30
18
106
80
2,599r
28
14
96
75
2,363
30
17
81
79
2,437
26
19
156
85
4,498r
4,935r
5,330r
5,155
5,250
2,109
2,234**
2,202r
2,216
2,449
54
1
308
1311*
44
5
193
199
20
147
58
667
409
36
49
1
362
91
a
4
178
159r
12
301
48
883
475
27
47
1
332r
84r
38r
4
156
17 Or
7
292
43
1,150
462
46
57
1
332
lOlr
39
4
186
184r
10
437
39
925
417
26
66
1
352
83
35
22
215
179
9
444
44
1,368
682
34
59
1
332
74
42
5
194
270
9
442
2,335r
2,367r
2,563r
3,053**
2,813
3,557
11
121
48
37
56
38
943
104
73
19
239
17
138
62
37
92
44
1,230
201
97
24
384
65
I
110
39
140r
54
1,130
263
96
22
549
35
100
66
60
155r
42
1,161
105
106
20
638r
23
215
104
51
160r
53
1,169
131r
114
19
691
11
1,008
142
93
23
624
23
199
96
55
209
41
912
120
86
22
567
1,065
1,689
2,326
2,631r
2,489r
2,727r
2,419
2,330
6
4
52
8
90
9
3
62
18
124
15
7
101
24
225r
22
10
93
r
256r
22
10
80r
23r
207r
28
12
83r
25r
230r
36
9
78
28
257
28
10
87
21
245
160
216
372r
405r
343r
378r
407
390
83
23
97
25
116
49
102
39
97
36
lOOr
56
112
67
106
65
98
114
107
123
6,294
8,471
Interactional _and regional.
5,723
....
4
Grand T otal.................
5,000
1/
5,723
Dec.p
21
195
26
139
413
492
56
358
4,996
.
Sept.
17
193
30
138
363r
358r
47
335
146r
52
22
432
84
270
31
Total foreign countries....
Total other countries
June
17
106
46
44
278
280
51
230
108
18
49
242
71
102
25
Africa:
Egypt........
Morocco......
South Africa,
Zaire........
Other Africa.
Other countries:
Australia......
All other.
Mar.
Dec.
1974
1
*
6,294
8,471
Data on the two columns shown for this date differ because of changes
in reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
165
ll,262r
*
ll,263r
41
406
176
58
45
516
80
207
26
64
24
133
141
12,697r
12.151r
......1' ""
12,151r
’
"1 "
12,698r
142
136
88
53
193
48
15 5r
178
171
13,846r
13,189
14,147
...... I"
13,847r
.....
I *
13,190
r*
14,148
2 / Through December 31, 1972, Bermuda included with Bahamas.
2 / Through December 31, 1975, Surinam included with Netherlands Antilles
p
Preliminary.
* Less than $500,000.
r Revised.
Treasury Bulletin
106
_________________________ CAPITAL MOVEMENTS__________________________
Section
Table
IV
- Claims
CM-IV-3.
on
Foreigners
- Short-Term
Reported
Claims,
by
by
T y p e
N o n b a n k i n g
and
Concerns
Country,
as
in
the
of D e c e m b e r
United
States
3 1, 1 9 7 6
Preliminary
(Position in millions of dollars)
Payable in foreign currencies
Country
Total
short-term
claims
Payable in
dollars
Deposits w ith banks
abroad in reporter's
own name
Other short-term
claims payable in
foreign currencies
Europe;
*
55
*
*
2
7
*
21
163
50
79
426
377
51
383
162
49
40
369
89
241
25
2,437
26
19
156
85
17
97
50
79
414
354
50
370
145
48
39
357
83
206
23
2,323
25
18
156
82
5,250
4,938
204
108
2,449
2,088
65
296
44
1,368
682
*
9
27
*
1
1
*
*
2
*
2
7
*
2
1
4
2
*
1
Other Latin America.............
34
59
1
332
74
42
5
194
270
9
442
43
1,355
654
34
58
*
327
73
40
5
188
257
8
438
Total Latin America.............
3,557
3,480
52
25
23
199
96
55
209
41
912
120
86
22
567
23
196
*
2
88
49
208
40
791
118
85
22
551
1
2
5
1
*
2,330
Other Western Europe ............
Other Eastern Europe ............
Canada..............................
L a t i n ,America:
Argentina........................
Chil*.............................
C u b a .............................
Panama............................
Other Latin American Republics..
Asia:
China, People's Republic of
(China Mainland) ...............
China, Republic of (Taiwan)....
2
10
*
*
8
3
23
2
89
1
•*
*
1
4
11
*
*
10
16
1
11
7
1
*
4
3
12
*
25
•*
1
*
1
-
5
1
*
*
4
6
*
1
1
*
8
6
1
1
1
88
1
1
1
8
2,171
49
110
28
10
87
21
245
26
8
80
19
238
1
*
1
2
4
1
1
6
*
3
390
372
8
11
106
65
100
63
1
1
5
2
Total other countries...........
171
163
1
7
Total foreign countries...........
14,147
13,211
379
557
India.............................
Korea.............................
Africa:
Egypt.............................
33
*
Ojjher countries:
I M e r n a t i p n a l and regional ........
Grand t ot a l ........................
* Less than $500,uOO.
1
1
-
-
14,148
13,212
379
557
107
May 1977
.CAPITAL MOVEMENTS,
Section I V
Table
- Claims
CM-IV-4.
on
Foreigners
- Short-Term
Liquid
Reported
by
Nonbanking
Claims Reported
by
Concerns
Large
in
the Uni t e d
N o n b a n k i n g
States
Concerns
by
T y p e
(In millions of dollars)
End of
calendar year
or month
Payable in foreign currencies
Payable in dollars
Total
short-term
liquid
claims
Deposits
Deposits
Demand
Short-term
investments
Time
1/
Demand
Short-term
investments
Time
92
88
114
57
227
219
45
45
90
86
699
48
168
40
69
59
702
786
133
133
177
178
50
51
77
77
49
49
49
1965 2/...
691
625
19
19
557
549
196 6
805
58
1967 2/...
901
9*5
66
66
196 8
1,306
28
1969 2/...
1,068
1,222
60
87
332
951
1,062
116
161
250
269
174
183
1,192
76
86
847
697
150
294
173
1971 2/...
1,295
1,205
1,092
1,078
203
127
354
302
234
234
120
68
1972 2/...
1,615
1,966
1,446
1,910
169
55
350
408
307
340
42
68
105
1970.
197 3
2,625
2,588
37
539
435
197 4
2,660
2,591
69
697
429
268
197 5
3,038r
2,706r
332
755r
509r
246
197 6
4,802r
4,429r
373
6l 7r
1976-Feb.,
lifer..
Apr..
May..
June,
3,647r
3,750r
4,269r
4,'520r
4,323r
3,270r
3,357
3,856r
4,095r
3,978r
377
393
412
426
345
778r
r
r
676r
624r
4,566r
4,559r
4,0781*
4,326r
4,601r
4,802r
4,206r
4,140r
3,707r
3,935r
,
r
4,429r
360
419
370
391
387
373
July.
Aug.,
Sept,
Oct.,
Nov.,
Dec.,
5,178r
5,140r
4, 725r
4, 897r
5,123r
5,419r
5,358
5,575
1977-Jan.,
Feb.,
4 213
4,742
4,375
4,941
4,564
Note:
Data represent the liquid assets abroad of large nonbanking
concerns in the United States.
They are a portion of the total claims
o n foreigners reported b y nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
Tabie
CM-IV-5.
- Short-Term
Liquid
Claims
428
441r
426r
335
253
267
234?
198r
616
419r
368*
438r
339r
307r
332r
308
192r
r
r
232r
l r
286r
308
634
336
298
6l 2r
581r
647r
571r
522r
6l7r
377
286r
332r
443r
430r
r
683
696
1/
213
210
26
from the date on which the obligation was incurred b y the foreigner*
Data on the two lines shown for this date differ because of changes
in reporting coverage or classification.
Figures on the first line
are comparable to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date,
Revised,
7j
r
Reported
by
Large
Nonbanking
Concerns
by
Country
(Position at end of period in millions of dollars)
Calendar year
1977
1976
Country
1972
1973
1974
1976
1975
Nov.
Oct.
34
25
13
17
51
18
Netherlands......................
Switzerland..................*....
United Kingdom...................
912
1,118
15
1,350
Canada............................
535
765
967
Bahamas 1/........................
562
589
391
137
306
398
343
llOr
116
114
277
184
254?
488r
378r
2,373
3,164
3,357
3,793?
3,4l9r
4,897r
France............................
Germany.................... ......
All other countries g / ..........
2
21
23
3
10
16
7
6
I
58
33
63
12
10
4
12
80
24
37
4
9r
81
32
23
4
Dec.
Jan.
58
50
33
59
21r
3
12
Feb.
66
4
3
23
22
29
3
14
21r
3
12
1,304
72
l,835r
l,
120
640r
l,693r
72
1,835r
14
105
l,851r
l,156r
1 , 539r
l,429r
1,552r
1,539r
l,291r
1,321
l,247r
1,059
1,059
l,247r
1,312
1,396
135
llOr
127
I
414
488r
535
697
5,419r
5,358
5,575
68
546
Note:
Data represent the liquid assets abroad of large nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/
g/
r
10
122
5,123r
11
3
35
.
1,844
64
Through December 31, 1972, Bermuda included w ith Bahamas
Includes the liquid claims of $500 thousand or more held b y reporting
concerns in any country not listed above,
Revised.
Treasury Bulletin
108
________________________ CAPITAL MOVEMENTS__________________________
Section I V
Table
- Claims
CM-IV-6.
on
Foreigners R e p o r t e d
- Short-Term
by
Liquid
T y p e
and
by
Claims
Country,
N o n b a n k i n g
Reported
as
of
by
Concerns
Large
February
28,
in t h e
United
Nonbanking
States
Concerns,
1977
(Position in millions of dollars)
Payable in dollars
Country
Total
short-term
liquid
claims
Payable in foreign currencies
•
Total
Short-term
investments 1/
Deposits
Total
Deposits
Short-term
investments 1/
Belgium-Luxembourg................
66
19
19
-
47
47
_
Ftance.............................
35
35
10
25
*
*
-
4
2
2
-
2
2
-
3
2
2
*
1
1
_
Netherlands.......................
23
*
*
-
23
Switzerland.......................
22
1
1
-
23
21
21
113
113
-
259
44
215
Germany............................
United Kingdom........ ............
_
1,844
1,731
1,724
6
1,321
1,062
736
326
Bahamas............................
1,396
1,392
1,392
-
4
4
-
Japan..............................
164
45
39
7
118
37
82
Canada.............................
All other countries 2 / ...........
T o t a l..............................
697
650
638
13
46
45
1
5,575
4,941
4,564
377
634
336
298
Note:
Data represent the liquid assets abroad of large nonbahking concerns
in the United States. They are a portion of the total claims on foreigners
reported b y noribanking concerns in the United States that are included
in the series published in Tables C M —IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
2/
*
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred b y the foreigner,
Includes the liquid claims of $500 thousand or more held b y reporting
concerns in any country not listed above.
Less than $500,000.
May 1977
109
_________________________ CAPITAL MOVEMENTS__________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
1975
Calendar year
1976
Country
1972 1/
1971
Austria........................ .
Belgium-Luxembourg............ .
Denmark............ ..........
Finland........................ .
France......................... .
Germany...............
Greece...........................
Italy.......................... .
Netherlands................
N orway......................... .
P o r t u g a l ......................
S pain .......................... .
Sweden............... .........
Switzerland....................
Turkey.... ....................
United Kingdom..................
Yugoslavia..................... .
Other Western Europe.......
U .S.S.R........................
Other Eastern Europe.......... .
Total Europe.... ...............
Canada,................ .........
Latin .America:
Argentina............ .........
Bahamas 2 / , .... .
Brazil.......... .
Chile..........................
Colombia.......................
Cuba......... ..................
Mexi c o .........................
Panama......................
Peru............................
Uruguay........................
Venezuela......................
Other Latin American Republics
Netherlands Antilles 2/.......
Other Latin America.........
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)...
Hong Kong......................
India..........................
Indonesia......................
Israel.........................
Japan.............. ...... .....
Korea...........................
Philippines....................
Thailand........................
Other A sia.....................
Total Asia.....................
1
4
7
3
19
20
67
2
4
7
6
22
7
53
40
333
28
15
86
43
6
2
128
13
12
54
343
25
13
70
34
28
15
163
16
11
7
7
7
6
26
7
43
45
364
28
16
65
34
29
27
191
16
13
832
878
717
66
4
174
217
34
9
60
29
28
H
15
1
7
53
23
21
June
12
45r
*
6
57
37r
15
40
280
12
9
46
42
44
3
364
11
4
11
11
935
1,051
1,007
833
1,141
1,172
1,290
4
30
225
59
8
184
236
30
9
60
36
16
4
30
223
60
25
187
238
32
9
64
35
16
4
30
241
*
44
19
187
435
13
9
153
112
19
18
315
18
9
216
115
26
18
13
48
131
145
254
12
9
79
49
18
18
38
239
1
12
154
217
3
1
887
902
955
1,053
33
2
15
21
41
136
85
48
17
62
39
1
17
28
74
156
85
63
16
83
40
1
16
32
75
133
65
63
4
81
10
54
4
15
37
92
125
91
85
8
93
461
562
511
41
217
6
6
47
42
59r
2
396
8
3
11
17
12
43r
2
10
58
34r
13
42
219
6
10
26
47
56r
3
349
9
4
15
16
1/
12
44r
1
12
57
35
12
13
39
1
16
58
73
10
11
37
1
17
59
72
9
36
211
14
14
23
47
56r
2
365
10
3
17
36
211
14
13
26
34
156
17
13
33
50
57
1
297
10
2
20
15
984c*
47
54
1
298
10
3
17
13
15
953
910
1,516
1,511
1,534
28
7
182
312
35
37
164
306
34
37
171
244
38
36
203
248
22
9
209
115
28
18
20
9
187
133
29
18
23
9
219
138
33
19
33
9
195
110
40
20
459
217
21
3
539
278
21
4
358
284
20
2
302
289
28
2
273
287
27
2
1,633
1,770
1.602
1,547
46
7
11
33
123
112
164
83
6
94
52
3
7
24
122
90
197
78
5
91
53
4
5
23
129
91
195
93
5
87
48
3
6
23
161
85
198
92
7
87r
48
3
6
34
170
80
224
86
6
80
34
2
5
89
172
80
225
86
5
72
613
681
669
685
710r
737
771
31
12
125
36
11
166
1
21
11
130
3
*
23
11
128
2
1
26
10
150
1,3
1.426
3f
171
2
1
78
22
2
87
87
87
115
127
168
214
163
165
189
77
5
100
5
29
5
32
17
29
20
35
19
35
21
34
19
33
19
33
17
3,065
3,366
3,662
4,054
4,538
3,068
3,370
3,666
4,057
4,544
105
1
56
JSL
4,978r
Data on the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/
2/
*
p
r
4,984r*
53
5 ,028r
International and r e gional......
......................
Dec.p
9
1
72
Total other countries.........
Grand to+«i
Sept.
3
1
17
8
98
Total Africa..................
Total foreign countries.........
10
2
6
Dec.
37
56
339
30
13
55
25
52
26
290
16
7
20
9
Africa:
Egypt...........................
Morocco.......... ..............
South Africa........ ..........
Zaire...........................
Other Africa...................
Other countries:
Australia.............. .
All other.......... .
1974
1973
5,177r
52
51
4.965
4.975
6
7
4,970
4,982
Through December 31, 1972, Bermuda included w i t h Bahamas.
Through December 31, 1975, Surinam included w i t h Netherlands Antilles.
Less than $500,000.
Preliminary.
Revised.
Treasury Bulletin
110
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital fromthe United States)
Corporate and other securities
U.S. Government
Corps, and agencies
Marketable Treasury bonds and notes
Bonds 1/
Net foreign purchases
Calendar year
or month
Foreign countries
Official
insti
tutions
Other
foreign
ers
-237
524
-98
-20
-207
369
36
689
127
512
-728
671
-338
361
369
442
317
308
256
461
675
344
296
392
416
359
246
284
637
-56
363
202
323
111
198
-349
-413
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
171
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.
181'
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,828
8,571
5,408
5,529
925
-333
757
2,270
1,487
626
731
2,188
2,790
540
4,669
2,753
535
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,767
7,636
15,347
18,227'
3,688
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
7.096
10,678
15,475
351
1,011
313
1,964
1,202
956
703
1,881
1,961
989
766
1,207
362
542
1,929
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
7,567
1,153
1,296
629
932
574
634
742
1,043
2,433
3,854
6,903
17,514
4,840
17
73
50
-99
-51
9
176
38
1,421
1,639
892
1,704
721
1,977
654
499
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-31
160
22
238
387
570
427
393
417
404
155
585
411
115
254
2,144
1,695
1,212
1,432
1,559
1,284
1.097
1,178
491
333
390
736
193
307
1,762
2,776
2,'651
2,691
4,021
3,790
947
2,047
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.
151
174
307
411
361
156
237
374
386
364
524
242
91
9
-95
-49
274
1,605
1,062
i;i24
1,226
977
1,562
1,363
971
1,116
1^321
1,025
1,287
1,932
3,099
2,536
142
58
151
59
61
61
263
154
147
288
126
121
1,425
1,162
1,137
261
-115
-41
1,661
3,281
465
-64
1,612
5,117
1,740
201
1976-Mar..
Apr..
May..
June.
700
-338
238
1,205
731
457
263
717
46
4
-18
54
-77
-799
-7
434
815
729
1,315
1,019
576
735
294
30
80
-39
56
43
7
July.,
Aug..
Sept..
Oct...
N o v . .,
De c . .,
L977-Jan. ..
Feb.p.,
Mar. p.
1/
-380
-22
2
316
964
227
340
421
229
709
803
510
1,505
712
95
56
30
51
59
123
-119
5
69
203
277
20
773
-248
23
157
1,188
528
1,603
1,231
2,508
1,196
1,487
n.a.
n.a.
n.a.
n.a.
I’M
3,444
3,055
1,422
1,594
1,825
83
-2
90
Data include transactions in issues of states and municipalities. Through
December 1976, data also included transactions in issues o f corporations
and other agencies o f the U.S. Gover n m e n t .
Table
CM-V-2.
Gross
foreign
sales
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-151
-427
-121
-161
11
-25
130
57
-165
101
180
2,702
786
-245
48
36
Net
Gross
Gross
Net
Gross
foreign
foreign
foreign foreign
foreign
purchases purchases sales
purchases purchases
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-76
-616
-43
-489
-45
56
1,672
3,316
305
-472
1,995
8,096
2,727
-59
Gross
Gross
foreign
foreign
purchases
Net
foreign
purchases
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,738
3,382
8,898
25,610
273
165
224
532
-521
302
-315
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1977-Jan.-Mar.p.
-20
Gross
Gross
foreign
foreign
purchases sales
Inter
national
and
regional
Stocks
- Foreign
Purchases
and
Sales
p
- 1!
238
-4
10
m
533
258
-5
322
476
192
45
564
410
3,153
1,036
1,101
Preliminary,
n.a.
Not available t
of L o n g - T e r m
Foreign
Securities b y
T y p e
(In millions of dollars; negative figures indicate net sales b y foreigners or a net outflow of capital from the United States)
Calendar year
or month
960........................
1962........................
I
1966........................
1968........................
1977-Jan.-Mar. .............
1976-Mar.....................
July ....................
A u g .....................
Sept....................
O c t .....................
Net foreign
purchases
of foreign
securities
-1,363
-750
-645
-830
- 1,048
-1,044
-728
-953
-685
-1,695
-1,547
-915
-984
-622
-818
-2,034
-6,514
-3,870
-673
1,320
-994
-382
Net foreign
purchases
-1,026
-512
-562
—
460
-944
-1,095
-928
-1,242
-914
-1,163
-1,029
-951
-935
-1,031
-993
-2,218
-6,325
1,380
-8,548
-484
-942
-422
-491
-576
-449
-532
-1,877
-489
-454
-369
-1,749
-478
-427
-402
D e c . ....................
-3,294
1977-Jan.....................
-49
-483
Mar.p..................
Foreign bonds
-142
-368
-400
- 1,298
-30
-374
-80
Gross foreign
purchases
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
Foreign stocks
Gross foreign
sales
Net foreign
purchases
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
-336
-238
-83
-370
-104
51
200
290
Gross foreign
purchases
467
566
509
596
702
696
748
906
2,496
229
-157
-314
-517
35
-49
409
176
I
-189
-323
-189
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,907
1,541
1^937
497
342
373
281
763
822
813
-53
40
-42
-44
193
182
198
162
440
333
363
452
455
670
2,188
811
790
819
855
-129
128
123
126
1,036
2,383
4,932
2,012
360
818
581
613
3,686
2,581
2,441
2,621
2,932
2,467
b 2^
3,707
13,479
1,302
1,968
848
955
693
84
-11
-27
-2
-2
4
-19
-109
-62
Gross foreign
sales
804
O
592
966
806
644
548
617
731
1,037
1,566
2,037
998
84
1,434
2,123
1,554
1,723
2 ’2^9
686
246
143
240
206
132
257
134
153
133
167
217
213
168
181
130
238
187
249
199
May 1977
111
CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
fin millions dollars; negative figures indicate net sales by foreigners or a net outflow of capital fromthe United States)
Calendar Year
1976
1977
through
Mar. p
Country
Europe:
A u stria ..............
Belgium-Luxembourg...
D enmark ..............
Finland ..............
France.............
Germany ..............
G r eece...............
Italy.................
Netherlands..........
Norway...............
Portugal.............
Sp a i n .................
S w e d e n ...............
Switzerland..........
Turkey...............
United Ki ngdom .......
Yugoslavia...........
Other Western Europe.
Poland...............
U.S.S.R..............
Other Eastern Europe.
1976
1975
1974
*
*
4
*
3
*
1
*
*
-8
5
*
-1
5
4
*
*
16
-4
*
17
-3
206
*
*
10
39
*
*
18
53
549
*
-5
272
1
*
*
25
26
-
-85
206
*
70
-129
5
n.a.
*
7
n.a.
*
18
*
1977
Dec.
Nov.
Oct.
Jan.
*
*
-
Feb.p
2
-2
_
122
-2
55
228
7
29
52
-10
37
9
*
6
20
104
5
*
20
*
*■
*
*
-8
200
114
n.a.
*
-12
-
*
n.a.
-
13
n.a.
-
19
n.a.
-
-19
-
-1
-
8
-
-30
________
-13
34
130
5
-2
100
*
*
*
3
-
2
_
7
5
17
-8
2
211
*
*
1
*
_
_
5
*•
_
*
-50
24
-
*
-
19
-40
18
*
*
*
*
-1
-30
—
-1 9
11
*
-2
-1
*
_
_
9
-
9
-1
*
3
25
~
*
Mar. p
80
*
*
-2
54
-
Total Europe .........
96
200
1,245
540
41
228
38
204
366
Canada..................
131
-317
-139
14
4
-141
7
5
9
*
*
*
7
*
-
_
*
-
Latin America:
Argentina
Brazil...........................
Chile............................
Colombia........................
Cu b a .............................
Ecuador.........................
M e x i c o ..........................
Panama ..........................
Pe r u .............................
Trinidad and Tobago............
Uruguay.........................
Venezuela.......................
Other Latin American Republics.
Bermuda.........................
British West Indies............
Netherlands Antilles 1 / ........
Other Latin A m erica ............
Total Latin A m erica ............
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
Hong K o n g ....................
I n dia ........................
Indonesia....................
Israel........................
J a pan ........................
K o r e a ........................
Lebanon......................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore....................
S y r i a ........................
Tnailand.....................
Other Asia.
Total Asia.
*
-1
*
*
-
_
145
8
3
1
-43
-
109
-2
-15
*
2
-
-24
-
145
-4
-1
*
2
-
112
93
-18
142
*
*
60
*
10
*
-
*
*
*
*
*
*
*
n.a.
*
*
n.a.
_
*
*
n.a.
ti.a.
81
5
*
20
1
*
*
*
*
*
*
78
*
86
101
_
*
*
-1,054
n.a.
n.a.
n.a.
*
n.a.
n.a.
I
J
*
1
*
*
*
1
-5
*
*
*
*
(
200 L
-854
-227
*
n.a.
n.a.
31
*
1,797
-
-1
-583
-10
*
n.a.
n.a.
-21
594
77
3,887
*
1,660
3,954
435
40
30
73
*
892
1
_
_
*
_
*
4
1
-
_
-1
*
_
41
-
*
n.a.
n.a.
40
78
98
-
1,470
256
_
_
*
*
*
-
-1
*
_
-506
*
n.a.
n.a.
*•
40
-21
630
*
142
-1
_
*
*
-
*
*
*
-16
*
*
-
-4
-
109
5
-2
-1
-
2
-21
Ill
*
-1
_
*
*
*
_
-
-2
-
3
-
-7
4
7
-
10
124
-5
-
1
317
40
*
254
-
69
*
505
-
-27
133
-
374
314
693
463
_
_
-
*
100
-10
n.a.
n.a.
*
146
_
140
*
-5
5
30
31
_
Africa:
Ghana. ........................
Liberia......................
Moro c c o ......................
South Af r i c a ................
Zaire........................
Oil-exporting countries y
<
Other A f rica................
Total A f rica................
Other countries:
Australia......
All other......
Total other countries ...........
Total foreign countries...........
International and regional:
International...................
-1
n.a.
n.a.
*
■n
J
_
_
n.a.
_
221
*
_
_
-
_
_
11
-
170
221
-187
-
11
*
*
_
n.a.
_
*
-6
-25
* r
-5 I
_
_
n.a.
-
-
*
-
*
-
_
-
-37
-150
*
-
*
-37
-150
-
*
—
_
_
*
—
-
*
*
-25
*
*
11
-
-
-
*
*
11
-573
1,814
5,393
1,941
283
3^3
42&
249
732
960
96
—
736
150
250
274
768
—248
43
-
56
-14
-
-
5
-
-1
-
736
193
307
261
773
-248
1,019
576
735
510
1,505
712
_
225
2,584
795
5
-
119
-
-9
-
-44
-
-
-
Total international and regional.
101
180
2,702
786
-472
1,995
8,096
1/
2/
n.a.
*
11
European regional..............
Latin American r e g i o n a l .......
Asian regional..................
African regional................
Grand total.......................
_
*
-187
*
n.a.
*
*
170
*
—
-
—
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
—
-
2/
p
*
—
*
-
*
-
—
-
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
n.a. Not available.
—
—
11
—
_
Treasury Bulletin
112
CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1974
Europe:
Austria .............
Belgium-Luxembourg...
Denmark..............
Finland..............
France .............
Germany..............
Greece................
Italy.................
Netherlands..........
N orway...............
Portugal.............
S p a i n .................
S w e d e n ...............
Switzerland..........
T urkey................
United Kingdom.......
Yugoslavia...........
Other Western Europe.
Poland 1 / .............
U.S.S.R..............
Other Eastern Europe.
.
*
10
*
1
*
1976
1976
1975
Oct.
1977
Dec.
Nov.
Jan.
Mar. p
Feb.p
*
*
*
*
*
13
*
9
*
*
6
9
*
215
*
*
16
48
*
14
1
36
45
764
*
*
288
49
*
13
1
25
83
534
*
*•
283
49
*
14
1
17
85
746
*
*
288
49
*
14
1
36
45
764
*
*
288
49
*
1
251
30
*
1
275
55
*
1
191
261
*
1
24
267
*
1
192
291
*
1
191
261
*
493
363
485
403
433
485
1
191
271
*
476
512
713
76
n.a.
83
n.a.
198
n.a.
165
n.a.
178
n.a.
198
n.a.
179
n.a.
178
186
n.a.
2,330
2,300
2,504
2.870
256
256
261
18
*■
2
8
14
1
18
55
764
287
49
*
14
1
18
58
789
*
*
367
49
*
17
14
1
24
79
893
5
*
387
49
*
1
188
2
188
317
*
324
*
5
4
4
4
Total Europe .........
885
1,085
2,330
2,064
Canada..................
713
395
256
390
*
*
*
*
*
*
4
*
*
*
4
*
*
*
5
*
*
*
5
*
*
*
5
*
*
5
*
*
*
n.a.
*
*
n.a.
21
*
*
n.a.
*
n.a.
21
*
*
n.a.
*
n.a.
21
*
*
n.a.
*
n.a.
21
*
*
n.a.
*
n.a.
20
n.a.
20
n.a.
21
n.a.
-
n.a.
20
1
*
n.a.
*
n.a.
*
n.a.
*
4
4
149
4
n.a.
n.a.
115
11
149
12
n.a.
n.a.
118
11
149
3
n.a.
n.a.
161
6
4
9
n.a.
n.a.
113
12
149
3
n.a.
n.a.
83
6
149
12
n.a.
n.a.
118
11
5
n.a.
n.a.
125
15
5
n.a.
n.a.
121
____ 2
n.a.
*
258
10
n.a.
n.a.
120
100
200
312
160
302
312
315
294
405
*
*
*
70
70
71
-
-
*
*
71
*
*
*
1
*
*
61
n.a.
n.a.
n.a.
39
n.a.
n.a.
78
7,345
3,123
32
n.a.
n.a.
n.a.
39
n.a.
n.a.
78
7,451
Latin America:
Argentina.......................
Bahamas.........................
Brazil...........................
Chile............................
Colombia....... .................
C u b a .............................
E c u a d o r ! / .......................
Me x i c o ...........................
Panama,..........................
Peru.............................
Trinidad and Tobago l/.........
Uruguay..........................
Venezuela.......................
Other L atin American Republics.
Bermuda 1 /. .....................
British West Indies / .........
Netherlands Antilles 2/. .......
Other Latin America............
1
Total Latin America.
A sia:
China, People's Republic of
(China Mainland) ........ .
China, Republic of (Taiwan).
Hong Ko n g .................
India........................
Indonesia....................
Israel.......................
Japan........................ .
K o r e a ............. .......... .
Lebanon 1 / ................... .
Malaysia / ...................
Pakistan 1 / .................. .
Philippines.................. .
Singapore
/ ..................
Syria i/..................... .
T hailand.................
Other A s i a .... ...............
1
1
Total A s i a .... ...............
Africa:
Egypt ........................
Ghana.1/.....................
Liberia JL/ ..................
M oro c c o ........... ..........
South Africa.................
Zaire........................
Other Afri c a .................
Total Africa.
Other countries:
Australia......
All other......
-
_
74
¥■
4
- l z 2¥ _
250
*
73
*
4
■*
*
71
*
*
*
*
*
*
*
3,498
2
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
208
3,271
2
n.a.
n.a.
n.a.
31
n.a.
n.a.
*
2,005
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,4-86
3,093
2
n.a.
n.a.
n.a.
10
n.a.
n.a.
98
5,531
2,587
2
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,200
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,486
2,682
*
n.a.
n.a.
n.a.
39
n.a,
n.a.
78
6,771
3,709
5,370
9,323
8,808
8,950
9,323
9,637
10,330
10,793
*
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.
*
*
*
*
*
*
*
*
*
*
*
*
152
322
543
532
543
543
507
357
357
151
321
543
531
543
543
506
356
356
*
*
*
*
*
*
*
*
*
*
13,746
14,706
•*
_
Total other countries............
*
*
*
*
*
*
Total foreign countries............
5,557
7,372
12,765
11,954
12,337
12,765
13,014
322
9
*
2,905
128
*
2,655
71
*
2,905
128
*
3,180
114
2,8
11
International and r egional:
International........... .........
Latin American regional..........
Asian regional....................
Total international and regional.
Grand total.......................
97
53
*■
2,504
28
*■
3,948
119
-*
3,700
118
150
331
3,033
2,533
2,726
3,033
3,294
4,067
3,819
5,708
7,702
15,79^
14,487
15,063
15,798
16,308
17,813
lc ,"24
Note:
Data represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971, and the
monthly transactions report.
Country detail m a y not add to the area
totals or to Grand total,
J j Holdings included in respective "Other" geographical areas.
g / Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary.
* Less than $500,000,
n.a. Not available.
May 1977
113
____________________________ CAPITAL MOVEMENTS ____________________________
Sections
V
- Transactions
Reported
Table
CM-V-5.
- N e t
Other
by
B a n k s
Foreign
than
in
a n d
L o n g - T e r m
Securities
by
Brokers
in
the
Transactions
in
L o n g - T e r m
Treasury
B o n d s
a n d
Notes,
United
by
Foreigners
States
Domestic
Bonds,
Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1976
Calendar year
Country
Eurone:
Austria ...............................
Belgium-Luxembourg...................
Denmark.......... ....................
Finland...............................
Fran c e ........... ....................
Germany ...............................
G r e e c e ................................
Italy.................................
Netherlands...........................
Norway................................
Portugal..............................
S p a i n .................................
S w e d e n ................................
Switzerland..........................
Turkey ................................
United K i ngdom .......................
Yugoslavia............................
Other Western E urope.................
Poland ................................
U.S.S.R...............................
Other Eastern Europe.................
1976
1975
1974
1977
through
Mar. p
-1
-15
6
*
96
28
*
6
-45
*
1
82
-6
*
-15
183
10
1
2
2
96
*
-3
-9
34
*
1
*
117
*
-52
_
-2
-24
-2
-10
39
-49
-3
-10
-29
2
*
2
5
158
*
-1
4
*
*
-10
2
1
-2
-3
29
1
-1
-12
78
*
Oct.
Dec.
Nov.
*
*
-2
*
*
-1
5
*
*
-2
*
•*
-5
*
*
•*
-1
-2
*
*
-
1977
Jan.
*
1
*
*
-1
1
*
*
15
_
*
n.a.
_
_
n.a.
_
_
-5
-2
■*
-1
2
*
*
*
-11
15
*
8
*
*
_
_
5
4
*
3
3
*
*
1
-1
-3
*
7
1
-4
1
-20
*
*
*
1
13
-
Feb. p
Mar. p
-1
-1
*
*
*
-3
4
*
-1
-2
29
*
-1
*
32
_
-2
*
1
*
-3
*
1
*
*
31
*
38
_
*
•
_
-48
n.a.
_
-14
n.a.
_
-7
n.a.
_
271
_
*
*
_
*
*
*
*
-7
n.a.
_
-
*
-
Total Europe.........................
741
113
91
358
-10
24
53
8
281
Canada..................................
70
-
45
128
96
64
-1
16
7
11
55
2
-6
9
*
*
*
1
11
20
*
*
2
-3
1
*
*
*
-1
5
1
1
2
5
-3
*
_
-3
3
*
_
3
-4
-3
9
1
-6
*
1
-2
*
_
_
*
2
23
*
*
*
*
*
_
_
3
*
3
15
1
34
*
*
1
1
*
•*
*
*
1
2
*
19
-
*
_
_
1
*
*
*
_
_
»
1
1
_
*
_
*
1
2
*
*
_
1
-1
-3
*
6
*
-3
1
5
1
-4
*
1
—4-
-1
1
2
-7
2
*
*
-
-
*
*
-2
3
1
1
*
4
29
6
27
-5
8
1
_
*
_
_
*
*
1
*
*
1
*
-
*
-1
_
6
*
*
n.a.
n.a.
*
*
*
*
*
*
-30
*
*
n.a.
n.a.
*
395
L6i gill Ani6I>lCSl.
A rgentina............................
Bahamas...............................
Brazil................................
Chile .................................
Colombia ..............................
C u b a ..................................
Ecuador...............................
M e x i c o ................................
Panama................................
Peru..................................
Trinidad and Tobago..................
Uruguay ...............................
Venezuela.............................
Other Latin American Republics......
Bermuda........ .......................
British West Indies..................
Netherlands Antilles 1 / .............
Other Latin A m erica..................
Total Latin America..................
Asia:
China, People's Republic of
(China Mainland)....................
China, Republic of (Taiwan).........
Hong K o n g .............................
India.................................
Indonesia.............................
Israel................................
J a p a n ......... ........................
K o r e a ........... .....................
Lebanon...............................
Malaysia. ........................ .
Pakistan..............................
Philippines...........................
Singapore.............................
Syr i a ................... .......... .
"V
Tnailand..............................
Middle-East oil-exporting countries 2/ \
Other A s i a ............................
J
Total A s i a ............ .......... .
Africa:
Egypt.................................
G h a n a .................................
Liberia ...............................
Mor o e e o ...............................
South Africa .........................
Z aire.............................. .
Oil-exporting countries 2/'•.........
Other Africa........................ .
*\
23
*
2
1
*
-1
-2
*
n.a.
5
6
*
n.a.
1
2
1
n.a.
n.a.
26
2
*
-1
9
*
2
2
10
2
-1
2
-3
*
43
31
94
-
*
*
13
*
*
*
2
*
*
*
3
5
*
*•
*
_
-1
4
*
*
1
-264
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
#
—
48
•*
n.a.
n.a.
*
*
*
1,553
*
-137
*
1
n.a.
n.a.
*
-32
*
1,179
*
632
1,518
1,014
*
n.a.
n.a.
*
*
*
_
1
_
n.a.
*
*
n.a.
*
*
*
5
892
-
_
/>
/
I
r
} * fI
J
_
_
3
2
*
*
■*
*
*
1
-15
1
*
-15
42
_
_
1
_
n.a.
*
n.a.
_
*
_
_
*
_
*
*
*
-2
66
_
_
n.a.
_
_
_
_
_
60
159
*
*
_
_
*
1
*
_
-65
86
_
_
5
-1
*
*
-4
1
_
59
*
*
156
*
-3
*
*
*
*
*
*
*
-15
-21
*
*
100
*
_
*
1
-10
*
*
*
*
*
-7
-
-4
_
*
n.a.
n.a.
*
-6
*
74
*
*
*
_
54
225
3
*
*
_
_
_
1
*
*
_
_
*
*
*
_
_
_
_
_
_
_
_
*
*
_
_
48
_
_
*
-26
*
*
*
-2
-2
-2
-15
*
*
*
*
*
-2
_
*
*
-7
1
*
_
_
Total Africa. .........................
*
5
-25
-2
-2
-2
-14
Other countries:
Australia......... ...................
All other............. ...............
10
*
1
-*
-21
*
*
*
*
*
*
*
-2
*
*
*•
*
*
*
*
-2
*
*
*
_
Total other countries...............
10
1
-21
*
*
Total foreign countries...............
1,472
1,795
1,248
510
174
110
6
73
329
107
-497
-
-1,030
1
5
-
-17
40
135
-71
-129
15
-17
21
-6
10
-9
-
-3
30
International and regional:
Asi an regional.......
African regional............ .
Total international and regional....
1/
14
_
-
_
—
46
_
-
-
-
-483
-1,029
-41
23
989
766
1,207
532
Through December 31, 1975, Surinam included with Netherlands Antilles.
g/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, andthe
-
64
238
-
-
-
-
-
-115
3
4
-9
27
-4
10
78
320
135
United Arab Emirates (Trucial States).
1/ Includes Algeria, Gabon, Libya, and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
Treasury Bulletin
114
CAPITAL MOVEMENTS.
Section V
- Transactions
Reported
Table
CM-V-6.
by
- N e t
in
B a n k s
Foreign
Long-Term
and
Brokers
Transactions
Securities
in
in
the
by
United
Domestic
Foreigners
States
Stocks
by
Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar Year
Country
Europe:
A u stria...............................
B e l g i u m Luxembourg...................
Denmark...............................
F inland...............................
F rance................................
Germany...............................
G r eece................................
Italy.................................
Netherlands...........................
Norway................................
Portugal..............................
S p a i n .................................
S w e d e n ................................
Switzerland...........................
Turkey................................
United Kingdom .......................
Yugoslavia............................
Other Western Europe.................
P oland................................
1976
1975
1974
-1
2
-1
*
1
8
*
*
*
1
*
*
-12
-16
-25
-13
*
37
24
*
-10
-7
*
4
-4
*
-3
-29
*
*
*
-3
-35
*
*
27
1
1
-1
24
*
*
*
-3
-5
1
*
-5
-10
*
1
*
*
-
2,491
336
249
-251
-118
Ill
361
324
46”
18
1
60
8
30
-1
3
*
*
*
*
*
2
*
*
*
_
*
1
35
-4
1
*
-1
16
-1
75
-15
45
*
*•
2
*
1
*
*
-1
4
*
*
*
1
3
1
-3
2
24
-1
*
1
-1
*
*
_
*
-2
*
*
*
_
*
2
-1
*
*
*
4
1
-7
-4
-14
*
•*
2
*
*
_
*
-2
-1
5
2
18
*
-1
3
*
*
*
_
*
n.a.
n.a.
-13
-2
2
7
1
-1
1
*
1
6
15
*
*
*
2
2
-1
-18
-22
-1
-33
-7
155
32
-17
_
*
1
87
*
*
2
5
54
*
7
-3
67
*
-2
n.a.
n.a.
2
-4
*
*
281
-6
*
Total A f r i c a .........................
2
4
1
-1
-
Total Euro p e .........................
Other countries:
Australia.............................
All other.............................
-1
5
*
*
-
359
4
-2
13
2
899
*
594
*
-1
n.a.
*
*
-45
*
*
*
*
n.a.
17
5
*
n.a.
2
3
*
*■
*
-25
*
*
-2
2
-1
-37
-14
*
2
1
-95
*
-72
_
*
1
2
■*
*
*
_
*
17
*
*
*
18
*
-1
*
*
1
-6
_
*
130
3
*
*
*
_
*
-
*
-
47
72
~
•*
2
*
•*
*
*
-1
*
*
*
*
*
1
1
-1
*
25
1
4
14
14
*
*
-
*
*
*
-3
*
*
*
*
-5
*
*
-1
-11
*
*
*
12
*
*
-2
-1
*
■*
*
4
*
*
*
*
3
*
*
*
45
*
*
*
_
*
-5
-19
*
*
*
*
*
-1
_
*
*
*
10
*
*
*
-8
*
*
*
*
1
-1
_
1,782
1,922
199
154
-9
n.a.
n.a.
*
*
I
*
*
n.a.
*
*
*
*
V
9
*
2
n.a.
*
1
*
1
4
-3
-6
10
7
3
1
15
1
-3
-2
3
_
55
*
*
13
-1
288
^
3
n.a.
30
*
-1
2
12
*
167
2
I
39
*
*
84
*
3
1
23
*
36
*
*
*
-1
-1
-1
-1
1,803
-7
361
_
-1
39
*
K
3
5
*
29
*
-1
n.a.
n.a.
*
2
_
-5
*
2
n.a.
3
*
-7
*
2
2
*
_
*
126
*
r
J
-4
-44
_
2
-18
*
*
*
1
1
22
*
13
n.a.
n.a.
2
6
*
*
1,640
10
-45
-1
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
Mar. p
-2
-7
*
*
1
Canada..................................
J
Feb.p
*
Other Eastern E urope.................
Africa:
Eg y p t .................................
G h a n a .................................
Liberia...............................
Moro c c o ...............................
South Af r i c a ..........................
Z a ire.................................
Oil-exporting countries 2 / ...........
Other Afri c a ..........................
Jan.
-1
n.a.
_
262
251
10
*
Total A s i a ............................
Dec.
-
203
39
7
-3
330
-10
3
-3
-1
36
-3
-377
*
8
n.a.
■*
*
Total Latin A m erica..................
Nov.
1
11
-2
*
21
-11
*
-8
9
1
1
3
*
92
*
130
*
1
*
11
84
5
-1
Asia:
China, People's Republic of
(China Mainland)....................
China, Republic of (Taiwan).........
Hong K o n g .............................
India.................................
Indonesia.............................
Israel................................
J a pan.................................
K o r e a .................................
L ebanon...............................
Malaysia..............................
Pakistan..............................
Philippines...........................
Singapore.............................
S y r i a .................................
Tnailand..............................
■x
Middle-East oil-exporting countries g / \
Other A s i a ............................
J
Oct.
1977
2
-40
-2
1
256
68
3
-4
-199
-8
-8
9
*
-100
1
340
*
16
n.a.
_
-1
59
-5
*
Latin America:
Argentina.............................
Bahamas ...............................
Brazil................................
Chile.................................
Colombia..............................
Cu b a ..................................
Ecuador...............................
M e x i c o ................................
Panama................................
P e r u ..................................
Trinidad and Tobago ..................
Uruguay...............................
Venezuela.............................
Other Latin American Republics......
Bermuda...............................
British West Indies..................
Netherlands Antilles 1 / ..............
Other Latin America..................
1976
1977
through
Mar. p
n.a.
n.a.
*
-4
*
*
1
1
*
n.a.
n.a.
*
*
_
64
*
115
*
*
100
2
43
124
146
*
-3
n.a.
*
*
*
*
-1
*
*
n.a.
*
*
*
*
1
-1
*
*
-2
1
-3
-1
2
*
*
*
3
1
1
*
*
-14
*
2
■*
1
*
*
*
-3
*
*
*
n.a.
*
*•
_
*
*
2
*
*
•*
*
*
_
*
1
*
50
*
*
17
*
33
20
*
*
*
*
1
*
*
*
*
-1
*
*
*
•*
*
*
2
*
*
Total other countries................
3
15
-4
1
*
4
-17
2
1
1
Total foreign countries................
527
4,651
2,740
530
- 99
-50
281
290
124
116
13
*
13
*
5
-6
-
-2
-
5
_
2
-
2
-
4
4
2
-6
-95
-49
274
-
International and regional:
Latin American regional.............
-
African regional.....................
-
18
-
13
18
13
540
4,669
2,753
*
1/
2J
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
_
_
2/
p
*
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
n.a. Not available
-
_
-2
2
5
288
126
121
May 1977
115
.CAPITAL MOVEMENTSSection V
- Transactions
Reported
Table
CM-V-7.
(In miilxono ot r|r>i lai s; tu> .itiv*
by
B a n k s
- N < ‘t F o r e i g n
in L o n g - T e r m
and
Brokers
Transactioi b
in
Securities b y
in
the
L o n g - T e r m
Europe:
Austria............................
Belgium- L u x e m b o u r g ..............
Denmark............................
F inland............................
F r ance.............................
G ermany............................
Greece.......... ..................
Italy..............................
Netherlands.......................
Norway.............................
Portugal..........................
S pa i n ..............................
Sw eden.............................
Switzerland.......................
Turkey.............................
United Kingdom....................
Yugoslavia........................
Other Western Europe.............
Poland.............................
U.S.S.R............................
Other Eastern Europe.............
1977
through
Mar. p
1976
-9
5
-7
-38
-2
*
11
-25
2
1
-1
-1
-7
-52
16
6
1
-179
33
*
28
13
-199
2
4
6
196
*
-107
*
30
*
-15
n.a.
-12
ol
Bonds
by
Country
c a m tal from the United States)
1976
Calendar year
1975
Foreigners
States
Foreign
» ipure.. in<Urato net saieo by t‘oi* \<mors ot a not outflow
Country
1974
United
-47
-15
10
-56
-533
-16
*
-32
-5
-198
3
2
1
548
*
-100
-3
-4
-19
-8
-6
-7
1
10
-4
-153
*
Oct.
1977
Nov.
Jan.
-8
2
-1
-1
-6
-10
7
-5
-2
-5
2
-55
-119
-8
-4
3
-49
164
-15
-1
1
1
-1
42
34
-9
*
1
-3
-1
69
84
24
-45
14
1
-5
-1
-2
2
3
*
12
-9
1
*
1
-1
35
1
Feb. P
-2
-6
2
-3
-15
-9
1
1
3
-150
67
*
29
77
1
-191
-106
-440
-50
-8
-116
14
-134
-1,526
-3,102
-5,115
-55"!
-305
-656
-269
-235
1
-115
-3
1
1
*
n.a.
3
-72
*
-4
-56
-12
3
1
?
-1
17
2
2
1
-3
1
8
8
2
-2
4
1
2
Total Latin America ..............
As i a :
China, People's Republic of
(China Mainland).................
China, Republic of (Taiwan)......
Hong K o n g .........................
India..............................
Indonesia.........................
Israel.............................
J ap a n ..............................
K o r e a ..............................
Lebanon............................
Malaysia...........................
Pakistan...........................
Philippines.......................
Singapore.........................
S y r i a ..............................
Thailand...........................
Other A s i a .... ...................
Total A s i a ........................
Africa:
Egy p t ..............................
Gh a n a ..............................
Liberia............................
Mo rocco............................
South A f rica......................
Z aire ..............................
Other Africa......................
4
-1
n.a.
n.a.
-7
____ 4__
n.a.
-177
-3
6
n.a.
1
30
6
n.a.
n.a.
66
-15
-104
-151
-3
94
-38
-9
14
2
-1
22
1
10
-332
2
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
-375
-283
*
-182
-282
-110
-218
n.a.
*
n.a.
n.a.
n.a.
2
n.a.
n.a.
2
25
n.a.
-348
n.a.
n.a.
10
71
-364
-622
-711
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16
3
*
4
1
9
2
32
2
6
-22
23
5
1
*
n.a.
*
1
3
n.a.
n.a.
-4
____ 8 _
-14
n.a.
-48
1
1
6
n.a.
n.a.
n.a.
-2
2
*
n.a.
*
2
4
n.a.
n.a.
1
-1
7
2
-2
11
1
3
16
13
14
-26
37
23
39
-8
-24
5
-33
-14
-26
-64
-69
-8
n.a.
n.a.
n.a.
-1
n.a.
n.a.
*
16
n.a.
n.a.
n.a.
*
n.a.
n.a.
n.a.
n.a.
n.a.
4
n.a.
n.a.
1
-13
5
-9
4
19
-301
-39
n.a.
n.a.
n.a.
n.a.
-49
7
1
6
1
3
*
~32~
-16
-146
4
2
-98
-152
10
-2
2
-3
n.a.
n.a.
34
36
Total Af rica ......................
Other countries:
Australia.........................
All other .................... .....
n.a.
-117
1
3
n.a.
2
35
22
n.a.
n.a.
43
___ 76_
-3
3
-4
63
Total Europe ......................
3
1
-2
-$
-9
-1
-53
-48
Canada ...............................
Latin America:
A rgentina............ .............
Bahamas............................
Brazil.............................
C hi l e ..............................
Colombia...........................
C u b a ...............................
Ecuador............................
Me x i c o .............................
Panama.............................
Peru...............................
Trinidad and Tobago .............
Uruguay............................
Venezuela.........................
Other Latin American Republics...
Bermuda............................
British West Indies..............
Netherlands Antilles 1/ .........
Other Latin America ..............
Mar. p
14
-162
___ 7
-430
19
-199
___ 3
14
-4
Total other countries............
21
-155
-411
Total foreign countries............
-2,158
-4,132
-6,645
-796
-280
-268
-769
-320
-379
-97
39
-98
-1
-1,577
-345
-201
-70
-911
-590
-227
-175
319
-5
-2
13
-100
9
-14.6
5
-456
-74
291
5
1
-1
23
-6
-60
-2,193
-1,902
-87
-132
290
-2,218
-6,325
-8,548
-400
-30
International and regional:
International....................
European regional...............
Latin American regional.........
Asian regional...................
African regional.................
Total international and regional
Orand 4 o tdl........................
1/ Through December 31, 1975, Surinamincluded with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
n.a. Not available.
-197
312
-4 84
-368
17
-374
^eo~
116
Treasury Bulletin
f!APTTAT. MflVEMRMTS
S e c t io n V - T r a n s a c t io n s i n L o n g - T e r m S e c u r it ie s b y F o r e ig n e r s
R e p o r t e d b y B a n k s a n d B r o k e r s i n th e U n it e d S ta te s
T a b le C M - V - 8. - N e t F o r e ig n T r a n s a c t io n s m r u r e i g n S tu c k a b y C o u n t r y
(In millions of dollars; negative figures indicate net sales b y foreigners or a net outflow of capital from the United States)
1976
Calendar year
Country
1974
Europe:
Austria.................................
Belgium-Luxembourg.....................
Denmark.................................
Finland .................................
F ran c e ..................................
G ermany.................................
Greece ..................................
Italy...................................
Netherlands.............................
Norway..................................
Portugal................................
S p a i n ...................................
S w eden..................................
Switzerland.............................
Turkey..................................
United Kingdom .........................
Yugoslavia..............................
Other Western Europe...................
Poland..................................
U.S.S.R.................................
Other Eastern Europe ...................
-19
*
-303
-*
-1
n.a.
-
Total Europe............................
Canada.....................................
Latin America:
Argentina...............................
Bahamas.................................
Brazil..................................
Chile ...................................
Colombia................................
Cu b a .....................................
Ecuador.................................
Mex i c o ..................................
Panama..................................
Peru.....................................
Trinidad and Tobago ...................
Uruguay.................................
Venezuela...............................
Other Latin American Republics........
Bermuda.... ............................
British West Indies....................
Netherlands Antilles 1 / ...............
Other Latin America....................
Total Latin America ....................
*
1975
1976
-1
1
5
-1
-1
-24
29
*
-2
4
1
*
-119
18
1
18
-137
-8
*
-1
-1
49
-7
*
n.a.
-
-1
5
-41
*
-87
*
1
n.a.
-
-354
54
18
-100
-4
*
*
-76
10
*
1
33 '
*
*
3
*
*•
*
-2
■y
*
*
n.a.
A
5
■*
n.a.
*
*
*
n.a.
n.a.
1
4
-2
-7
*
*
n.a.
2
1
*
n.a.
*
2
1
n.a.
n.a.
-158
6
11
-156
-1
-1
*
*
*
*
*
*
-34
-10
*
1977
through
Mar. p
*
-18
•*
*
1
-2
-2
-97
*
Oct.
*•
-3
*
*
-5
6
*
*
Nov.
*
*
1977
Dec.
*
•*
-5
*
*
-1
3
*
*
*
*
-1
-18
*
-14
*
*
*
*
1
-8
*
-5
*
1
-1
*
-2
-34
*
*
*
-1
7
*
n.a.
-
n.a.
-
-
-2
*
-2
6
*
22
1
*
5
-24
-35
-73
-16
4
-5
13
-30
-30
-44
*
*
-1
*
*
n.a.
10
-1
*
*
*
*
*
*
*
*
-1
-1
■*
*
n.a.
*
*
n.a.
*
*
*
n.a.
n.a.
*
n.a.
*
*
*
n.a.
n.a.
3
-8
1
*
*
*
*
1
*
2
3
1
-
1
1
*
*
-
-
-
3
8
-1
-2
*
2
3
3
*
_
3
*
_
*
3
*
20
5
*
*
-6
*
1
*
2
■*
-1
*
2
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
2
n.a.
n.a.
n.a.
*
n.a.
n.a.
_
43
*
-
-13
*
*
*
•*
*
2
14
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
_
*
4
-7
*
*
*
*
2
25
1
15
45
-10
-3
*
n.a.
n.a.
*
n.a.
n.a.
_
13
1
71
32
_
n.a.
n.a.
*
*
n.a.
n.a.
*
12
_
-
*
n.a.
n.a.
_
4
_
n.a.
n.a.
*
11
_
-3
*
_
*
*
-2
-1
*
*
•*
*
*
3
10
12
-3
*
*
1
*
*
*
-5
*
*
*
-1
-
-
*
¥
*
*
_
_
_
-1
_
1
-3
*
*
*
*
-1
1
-3
*
-
*
-
*
*
*
1
-
_
-
_
*
-5
*
-1
*
*
*
*
-327
-189
-2
-2
4
-19
-109
1
4
_
Total international and regional......
*
184
_
_
*
-191
*
*
-
*
*
_
1
International...........................
European regional......................
Asian regional.........................
1/
*
p
-
1
*
*
*
*
*
1
*
*
184
International and regional:
Grand total...............................
_
_
-
*
*
•*
*
*
*
*
*
*
*
*
*
*
*
*
*
-1
3
*
-2
-1
*
*
n.a.
*
*
n.a.
*
*
*
n.a.
n.a.
*
*
23
*
*
-2
36
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
*
*
*
*
*
*
1
*
-4
-8
*
-
*
*
*
*
n.a.
*
*
*
n.a.
*•
*
*
n.a.
n.a.
*
-1
506
Total foreign countries..................
*
*
-2
1
*
*
*
-30
Total A s i a ..............................
Other countries:
Australia...............................
-9
*
*
*
-124
23
*
■*
_
*
*
*
6
Total A f rica............................
-54
*
-104
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
8
_
-6
*
-1
1
*
*
-14
n.a.
n.a.
n.a.
-9
n.a.
n.a.
*
2
South Africa............................
Z a ire....................................
*
*
-6
*
1
-2
■*
*
-395
3
-9
Africa:
E g ypt...................................
Mar. p
*
-7
*
*
*
*
3
512
-
Feb. p
-5
-8
*
*
*
-2
-13
1
n.a.
-
*
Asia:
China, People's Republic of
(China Mainland)......................
China, Republic of (Taiwan)......... .
Hong K a n g ...............................
India...................................
Indonesia...............................
Israel..................................
Japan ...................................
Kor e a ...................................
Lebanon.................................
Malaysia................................
Pakistan................................
Philippines.............................
Singapore...............................
S y r i a ...................................
Thailand................................
Other A s i a ..............................
-
Jan.
1
-62
_
-
_
-
-
_
-
-
-
-
-
_
-
-
_
-
1
4
-
-
-
-
-
-
-
-189
-323
-189
-2
4
-19
-109
-
Through December 31, 1975, Surinam included with Netherlands Antilles.
Less than $500,000.
Preliminary.
n.a. Not available.
-,2
_
-
117
May 1977
.CAPITAL MOVEMENTS.
S e c tio n V - T r a n s a c t i o n s in L o n g - T e rm S e c u r it ie s b y F o r e ig n e r s
R e p o rt e d b y B a n k s a n d B r o k e r s in th e U n it e d S ta te s
T a b l e C M - V - 9. - F o re ig n P u r c h a s e s a n d S a le s o f L o n g - T e r m S e c u r it ie s ,
b y T y p e a n d C o u n t ry , D u r in g M a r c h 1977 P r e lim in a r y
(In millions of dollars)
Gross purchases b y foreigners
Domestic securities
Country
Europe:
Austria..............
Belgium-Luxembourg...
Denmark...............
Finland..............
F rance...............
Germany..............
Greece...............
Italy.................
Netherlands..........
Norway................
Portugal.............
S p a i n .................
Sweden................
Switzerland......... .
T urkey...............
United Kingdom.......
Yugoslavia...........
Other W estern Europe.
Poland................
U .S.S.R..............
Other Eastern Europe.
Total Europe.........
Can a d a ..................
Latin Ajnenica:
Argentina.......................
B ahamas.........................
Brazil...........................
Chile............................
Colombia........................
Cu b a ........ ....................
E cuador.........................
M e xico...........................
Panama...........................
P eru.............................
Trinidad and Tobago ............
Uruguay........................ .
Venezuela.......................
Other Latin American Republics.
B ermuda....................... .
British West Indies............
Netherlands Antilles ...........
Other Latin America............
Total Latin America.
Asia:
China, People's Republic of
(China Mainland).. .........
China, Republic of (Taiwan).
Hong K o n g ....................
India........................
Indonesia....................
Israel.......................
Japan.... ...................
Korea..................... .
Lebanon......................
Malaysia.....................
Pakistan.....................
Philippines........
Singapore....................
S y ria........................
Thailand............. .......
Other A s i a .......... .
Total Asia.
p ur
chases
31
73
5
42
148
426
8
11
79
4
2
7
3
451
*
768
*
Market
able
Treasury
& Federal
Financing
Bank bonds
& notes
Bonds
of U.S.
G o v ’t
corp. and
Federally
sponsored
agencies
Corporate &
other
Total
sales
Bonds
10
8
1
2
2
20
12
6
45
*
247
49
16
39
32
2,097
734
268
15
Domestic securities
Stocks
27
41
32
316
5
*
Gross sales b y foreigners
Foreign
securities
Stocks
2
43
1
*
1
17
4
1
72
63
1
4
44
3
1
4
2
280
24
31
*
103
5
188
242
26
24
82
10
7
4
9
1
1
57
347
Stocks
2
42
1
*
35
12
212
12
5
20
20
47
16
30
24
713
441
53
1,535
368
23
153
39
39
346
T
68
67
1
9
54
3
*
4
2
250
*
133
*
4
24
13
2
77
32
*
7
6
4
10
6
12
36
*
7
164
25
5
18
68
6a
26
144
371
88
82
2
17
16
7
4
11
3
5
1
5
28
57
5
45
1
123
54
187
28
1
11
2
27
109
27
1
138
23
2
43
435
51
2
5
2
334
*
396
*
Foreign
securities
Corporate &
other
18
99
3
15
8
1
10
18
*
2
1
121
33
63
10
61
14
38
179
326
1
19
77
7
*
Bonds
Market
able
of U.S.
Treasury
GrOV't
& Federal corp. and
Financing Federally
Bank bonds sponsored
& notes
[agencies
6
10
317
50
79
1
4
1
45
3
37
1
22
2
2
"27"
23
109
23
18
23
286
10
1
21
156
15
86
3
54
23
4
448
293
62
36
1,021
683
63
45
44
245
160
651
220
-21
___ Z_
196
41
89
Africa:
E g ypt ..........
Ghana..........
Liberia........
Morocco........
South Africa...
Zaire......... .
Other Africa...
Total Africa...
11
Other countries:
Australia......
All other......
Total other countries.
Total foreign countries....
International and regional:
International.............
European regional.........
Latin American regional...
Asian regional............
African regional..........
Total international and regional
Grand total ....................
* Les* than $50",0^0.
26
32
26
3,775
1,596
975
*
940
191
___ 3_
___ 1_
585
187
28
30
30
1,005
940
30
4,780
2,536
151
28
192
1,101
613
187
2
18
15
20
15
2,750
636
1,197
6
1
1,188
1.204
1.189
3,954
1,825
___ l_
___ 2
_ 2 -
61
143
980
682
249
61
147
980
693
249
1
118
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
V
- Transactions
Reported
Table
CM-V-10.
by
by
Banks
- Foreign
T y p e
and
in
L o n g -Term
and
Brokers
Purchases
Country,
and
Securities
in
the
Sales
During
by
United
of
Foreigners
States
Long-Term
Calendar
Securities,
Y e a r 1976
(In millions of dollars)
Gross purchases by foreigners
Domestic securities
Country-
Austria ..........................
Belgium-Luxembourg..............
Denmark..........................
Finland..........................
France............................
Germany............... ..........
Greece............................
Italy.............................
Netherlands......................
Norway............................
Portugal..........................
Spain.............................
Sweden............................
Switzerland......................
Turkey......................
United Kingdom...................
Yugoslavia.......... ..........
Other Western Europe.......
Poland.........................
U.S.S.R..........................
Other Eastern Europe............
Total
purchases
68
1,215
51
852
2,200
2,500
54
268
1,243
64
10
102
122
Marketable
Treasury
bonds and
notes
*
6
*
803
207
715
1
290
1
_
Stocks
o
33
816
27
5
1,423
1,281
52
140
1
32
73
5
*
2
5,159
*
1
64
332
*
598
_
4
18
460
*
1,206
345
n.a.
281
n.a.
7
n.a.
6,040
Bands
Bonds
26
277
22
4
307
247
*
76
105
8
3
9
7
840
*•
134
714
48
6
86
29
4,318
2
2,073
*
1,109
_
54
n.a.
2
n.a.
Stocks
*
32
*
*
101
117
1
25
62
1
1
3
5
89
*
172
*
1
n.a.
foreigners
Domestic securities
Marketable
Treasury
bonds and
notes
Total
Corporate and
other
84
1
40
162
Gross sales
Foreign securities
sales
116
1,328
55
899
2,504
1,932
53
301
1,341
275
16
89
197
5,269
1
4,862
*
224
n.a.
¥r
Foreign securities
Corporate and
other
Bonds
11
108
3
50
123
190
4
43
102
3
*
Bonds
149
126
*
2
12
302
*
31
856
29
4
1,167
1,213
48
138
913
56
15
76
29
4,419
*
477
_
1,183
*
1,733
•*
1,209
-
167
n.a.
14
n.a.
38
n.a.
4
n.a.
5
785
154
166
*
5
18
1
*
*
Stocks
Stocks
1
66
11
*
220
99
*
73
292
12
60
839
263
*
108
109
206
*
7
198
8
*
7
6
293
*
130
-
3
*
259
_
*
n.a.
2
*
*
1
*
-
*
*
-
*
*
-
Total Europe.....................
20,297
3,299
2,243
11,103
3,042
610
19,461
2,054
2,152
10,767
3,483
1,005
Canada..............................
4,083
308
347
2,241
555
637
8,935
447
251
1,916
5,670
29
171
52
5
8
*
8
184
274
5
*
*
2
*
_
*
4
19
9
*
1
*
1
19
181
*
*
17
96
2
2
5
*
1
8
*
*
*
54
104
n.a.
13
3
*
n.a.
1
1
1
n.a.
n.a.
7
14
32
229
56
2
6
*
6
244
263
2
*
11
82
172
502
51
709
51
22
1
240
*
2
24
*
*
*
*
*
8
162
*
*
*
8
9
12
2
62
*
17
94
3
2
5
*
7
112
74
2
*
8
46
40
3
2
n.a.
38
16
3
n.a.
2
45
25
n.a.
n.a.
5
77
77
1
*
10
63
18
468
48
391
1
12
102
52
*
*
*
n.a.
155
15
1
n.a.
1
10
2
n.a.
n.a.
11
28
386
49
2,418
412
289
1,282
389
46
*
27
_
1
8
*
*
1
171
*
*
n.a.
n.a.
*
38
*
2
26
2
*
12
*
*
Latin America:
Argentina........................
Bahamas..........................
Brazil........... ................
Chili*.............................
Colombia,,,.................
Cuba .............. ............
Ecuador .........................
Me xico............................
Panama...........................
Peru............... ...............
Trinidad and T obago............
Uruguay..........................
Venezuela........................
Other Latin American Republics..
B e r m u d a .........................
British West Indies.............
6
*•
15
279
204
595
39
790
119
145
151
25
3
197
*
3
8
11
26
3
96
*
9
79
17
543
33
437
1
Total Latin America.............
2,778
524
382
1,437
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong Kong........................
India.............................
Indonesia........................
Israel...........................
Japan.............................
Korea.............................
Lebanon.......................... ’
M alaysia .........................
Pakistan.........................
Philippines......................
Singapore........................
S y r i a .............................
Thailand..................... .
Other As i a .......................
13
468
2
8
74
1,803
a
34
n.a.
n.a.
130
1,044
2
120
8,890
*
37
*
*
*
11
340
1
8
20
577
1
33
n.a.
n.a.
9
25
2
1
2,246
*
*
47
2
*
50
135
n.a.
n.a.
n.a.
32
n.a.
n.a.
10
148
35
*
_
552
41
n.a.
n.a.
87
1,013
108
4,502
1
10
*
*
1
34
*
1
n.a.
n.a.
*
6
*
1,972
3
506
*
n.a.
n.a.
n.a.
2
n.a.
n.a.
*
22
9
357
3
1
263
2,702
51
36
n.a.
n.a.
498
486
2
32
1,943
Total A s i a .......................
12,631
6,340
2,026
3,273
425
567
6,382
2,386
Africa:
Egypt.............................
flhftnft............................
Liberia.........................
M o rocco ..........................
South Africa.....................
Zaire.............................
Other A fri ca.....................
3
2
n.a.
1
74
*
1
n.a.
*
*
-
*
2
n.a.
n.a.
*
5
-
*
n.a.
n.a.
*
66
-
5
*
n.a.
1
56
*
24
80
44
1
25
86
50
67
31
5
21
19
1
*
Netherlands A ntilles...........
Other Latin America. .............
Total Africa .......... ..........
Other countries:
Australia........................
All other........................
’
1
1
*
_
-
*
1
*
*•
_
*
*
425
*
n.a.
*
*
276
505
277
2
n.a.
*
3
*
—
53
24
•*
*
1
*
142
*
-
651 “
*
8
1
*
*
n.a.
3
4
*
n.a.
1
1
1
n.a.
n.a.
4
22
793
*
6
286
1
1
23
510
1
35
n.a.
n.a.
8
29
2
1
450
76
5
469
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
8
1,012
1,352
1,136
496
*
n.a.
_
*
*
n.a.
*
*
_
*
*
n.a.
1
2
*
5
n.a.
n.a.
*
*
_
191
55
50
75
10
54
1
253
55
50
79
15
55
512
7
*
22
*
33
7
450
*
6
*
1
1,135
51
n.a.
n.a.
108
419
31
615
_
233
417
n.a.
n.a.
n.a.
381
n.a.
n.a.
_
*
*
n.a.
n.a.
_
1
-
Total other countries...........
78
*
1
36
40
1
519
*
22
40
451
6
Total foreign countries.... ......
40,377
10,747
5,024
18,176
4,498
1,932
37,968
5,354
3,776
15,436
11,143
2,259
International and regional:
International....................
European regional ...............
Latin American regional.........
Asian regional...................
African regional.................
15,417
3
438
-
14,567
-
384
-
51
13,722
11,984
379
-
38
1,320
1
-
-
593
592
175
-
121
409
3
22
5
295
*
_
_
_
167
-
_
_
177
“
Total international and regional
15,858
14,863
505
51
434
5
15,082
12,160
546
39
2,336
1
56,234
25,610
5,529
18,227
4,932
1,937
53,050
17,514
4,322
15,475
13,479
2,259
Grand tot a l .......................
*
n.a.
Less than $500,000.
Not available.
-
-
-
593
249
175
_
_
“
May 2977
119
___________________CAPITAL MOVEMENTS___________________
Section
Table
VI
- Foreign
CM-VI-1.
Credit
- Foreign
and
Credit
Debit
Balances
Balances
(Due
to
in
Brokerage
Foreigners)
Accounts
by
Country
(Position at end of period in millions of dollars)
Calendar year
1976
1975
Country
1972
1973
1
21
*
*
*
10
*
*
19
15
*
10
10
1
*
47
22
*
29
23
1
24
10
2
*
4
1
73
*
1971
Mar.
1974
June
Sept.
Dec.
Mar. p
Europe:
*
*
*
13
*
*
14
*
*
13
8
1
*
13
*
*
20
16
1
12
9
1
*
5
1
90
*
7
1
92
*
9
1
78
*
29
29
1
11
7
1
*
8
1
99
*
43
*
1
_
*
57
*
1
_
*
57
*
1
_
*
54
*
1
_
*
35
*
1
*
27
26
1
13
10
2
*
8
1
105
*
38
*
1
_
193
281
242
213
236
56
34
28
24
1
19
1
*
*
*
3
9
*
*
*
*
Other Latin America .............
4
2
*
1
2
3
10
*
3
3
*
1
3
1
12
*
1
10
*
*
*
*
2
3
*
*
3
1
15
7
Total Latin America.............
43
36
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)....
_
*
_
*
9
*
*
1
1
*
1
*
12
*
*
1
4
*
1
*
Other As i a.......................
4
3
Total A s i a .......................
17
20
South Africa .....................
Zaire............... .............
Other Africa.....................
*
*
*
*
1
*
*
*
*
*
Total Africa .....................
1
Other countries:
Australia........................
All other ........................
*
1
10
*
*
28
22
3
10
7
2
*
*
*
10
*
*
14
1
*
17
17
1
12
10
2
*
26
26
1
11
25
2
*
9
1
89
*
28
*
1
_
*
9
1
118
*
-
7
*
86
*
37
*
1
_
*
249
213
197
279
31
27
23
16
29
1
4
*
*
1
*
1
2
*
*
1
3
*
*
*
*
1
2
2
*
*
*
1
3
*
*
*
*
1
3
2
*
1
*
3
2
*
*
5
2
*
*
5
1
*
*
4
2
*
*
3
1
28
6
4
2
*
1
4
1
27
11
4
1
42
18
4
1
60
3
5
1
36
64
7
3
*
1
7
2
18
23
42
49
55
76
80
117
68
*
*
_
*
_
*
13
*
*
1
*
*
1
*
15
*
*
1
2
*
1
*
_
*
18
*
*
1
4
*
1
*
_
*
17
*
*
1
1
*
1
*
*
22
*
*
1
1
*
_
*
20
*
*
1
2
*
2
*
4
2
5
3
4
4
4
19
17
24
27
25
33
30
*
*
*
*•
*
*
*
1
*
*
*
*
2
*
*
*
*
*
*
*
*
*
1
*
1
*
*
*
*
1
*
*
*
*
1
1
2
2
1
1
1
4
1
*
*
*
*
*
*
*
1
*
*
*
1
*
1
*
1
*
Total other countries...........
1
*
1
1
1
1
1
Total foreign countries...........
311
_
372
333
306
349
380
343
-
-
*
_
-
-
-
1
311
372
333
306
349
380
343
364
411
14
*
*
Italy.............................
Spain...................... .
Canada..............................
41
*
2
_
*
Latin America:
Chilp.............................
Panama...........................
Venezuela.................... .
Other Latin American Republics..
India.............................
Philippines...................
Africa:
Egypt.............................
jnternatiQngtl .sffid reRioqal.......
Grand total........................
13
•*
*
1
1
*
*
*
Note:
The reporting form covering this data series was discontinued with
the March 1976 report. Data represent the money credit balances(due
to foreigners), that appeared on the books of reporting brokers and dealers
in the United States, in accounts of foreigners w i t h them, and in their
2
*
5
*
1
.'64
3
1
410
1/
/
p
2
accounts carried by foreigners.
Through December 31, 1972, Bermuda included wi t h Bahamas,
Through December 31, 1975, Surinam included wi t h Netherlands Antilles,
Preliminary.
*
Less than $500,000.
Treasury Bulletin
___________________________________ C A P I T A L
Section
Table
V I
- Foreign
CM-VI-2.
Credit
- Foreign
and
Debit
M O V E M E N T S _____________________________ _______________________________________
Debit
Balances
Balances
(Due
in
from
Brokerage
Foreigners)
Accounts
by
Country
(Position at end of period in millions of dollars)
Calendar year
1975
1976
Country
1972
1973
1974
Mar.
June
*
*
*
*
*
*
*
*
*
6
*
*
11
*
*
9
*
*
6
*
*
14
*
_
21
31
1
15
17
1
1
6
1
57
*
5
*
*
12
li
1
4
g
8
*
*
18
23
1
9
12
*
*
4
*
16
22
1
7
8
*
*
13
13
1
5
11
1
*
14
19
1
6
9
2
*
3
1
35
*
13
26
1
5
10
*
*
13
26
1
7
12
*
*
13
1
*
20
34
1
5
13
1
*
3
1
3
*
41
*
44
*
1
-
27
*
1
-
46
*
30
*
1
-
1971
Sept.
Dec.
Mar. p
Europe:
United Kingdom...................
Other Western Europe.............
Other Eastern Europe............
Canada..............................
5
1
42
*
37
*
1
*
53
*
19
-
5
1
35
*
29
1
-
-
-
155
235
129
54
39
30
1
21
1
*
•*
*
3
15
1
*
1
*
*
3
*
3
*
21
*
26
1
-
22
•*
28
*
1
-
93
_ _
4
1
57
45
*
1
-
-
-
-
-
-
107
144
135
155
195
14
12
12
17
16
1
3
1
*
1
1
1
*
1
3
1
*
2
6
2
*
Lafrin. America:
Chilp.............................
Colombia................. .......
Cuba.............................
Panama...................... .
Venezuela........................
Other Latin American Republics..
Netherlands Antilles 2 / ........
Other Latin America .............
Asia:
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan)....
Hong K o n g ........................
India.............................
Korea................. ..........
Philippines......................
Africa:
Egypt.............................
South Africa..................
Zaire.............................
Mher.cQusirieg,:
Australia........................
All other............. ..........
4
1
*
1
1
1
*
1
2
*
*
1
_
1
_
1
_
1
_
1
_
2
_
2
_
6
5
*
*
6
3
*
*
5
4
*
*
7
7
*
*
7
3
*
*
8
5
•*
*
6
4
*
*
4
1
6
5
3
1
32
2
3
1
37
2
4
1
11
8
3
2
38
2
4
2
42
22
4
2
17
16
50
56
42
58
92
60
*
20
•*
*
1
1
*
1
*
*
20
*
*
1
3
*
*
*
*
*
31
*
*
1
6
*
35
*
*
1
5
*
37
*
*
1
5
*
4
1
14
*
1
*
10
6
*
*
6
2
12
*
52
55
34
*
40
*
*
*
*
59
*
*
25
*
*
1
4
*
*
*
5
4
*
*
3
4
*
1
*
4
3
5
*
*
1
5
53
73
*
*
*
*
*
*
1
*
1
1
X
x
1
*
29
*
*
1
9
*
1
*
5
4
5
9
2
*
10
5
*
10
4
*
11
36
27
30
50
51
56
59
*
*
1
*
*
*
*
1
*
*
**
1
*
1
*
*
1
_
1
*•
12
■*
*
1
*
*
*
1
*
1
2
1
12
2
1
1
1
2
1
*
1
*
*
*
*
1
*
*
*
1
*
1
*
Total other countries...........
1
1
1
*
*
Total foreign countries...........
314
405
231
193
209
Ifffrema$ ipnal.jad_regiQQal........
Grand total........................
Note:
^
1
*
1
1
249
258
319
333
-
-
-
-
-
-
-
-
-
314
405
231
193
209
249
258
319
333
The reporting form covering this data series was discontinued with
the March 1976 report. Data represent the money dehit balances (due
from foreigners), that appeared on the books of reporting brokers and
dealers in the United States, in accounts of foreigners with them, and
in their accounts carried b y foreigners.
1/
Through December 31, 1972, Bermuda included w ith Bahamas.
g/ Through December 31, 1975, Surinam included w ith Netherlands Antilles,
p
Preliminary,
*
Less than $500,000.
121
May 1977
F O R E I G N
C U R R E N C Y
P O S I T I O N S
Background
the
Data
have
been
collected
since
1974
on
the
instrument
involved.
"Spot" means
due for receipt or
foreign
delivery within two business days from the date o f the report.
currency
positions
of
banks
and
nonbanking
firms
m
the
"Short-term" means maturing in one year or less from the date
United States,
and on
those of foreign branches,
majorityof the report.
owned
foreign
subsidiaries
partnerships,
of
and
United States
majority-owned
banks
foreign
and nonbanking
firms.
"Majority-owned
foreign
partnerships"
are
those
Reports cover nine major foreign exchange market currencies
organized under the laws of a foreign country in which one or
and United States dollars held abroad.
Reporting has been
more
required
pursuant
to
Title
II
of
Public
Law
93-110,
nonbanking
concerns or
nonprofit
institutions
in
the
an
United
States,
directly
or
indirectly,
own
more
than
50
Amendment to the Par Value Modification Act, of September 21,
percent
1973,
and implementing Treasury regulations.
profit
interest.
"Majority-owned
foreign
Statistics on
subsidiaries" are foreign corporations in which one or more
the
positions
will
be
published
monthly
in
the
Treasury
nonbanking
business
concerns
or
nonprofit
institutions
Bulletin, beginning with data for December 1975.
located in the United States directly or indirectly own stock
The report forms and instructions used m
the collection
o f bank data were revised effective with reports as of October
with more than 50 percent of the total combined voting power
of all classes o f
stock entitled to vote,
or more than 50
percent o f the total value o f all classes o f stock.
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the month), for the monthly reports.
The
most
recent
revision
of
the nonbank
Foreign
Currency
Reporting Threshold
forms (see below) became effective as of the last business day
The
o f November 1976 for the monthly reports on nonbanking firms*
exemption
level
applicable
to
institutions is $10 million equivalent.
positions in the United States.
applicable
to
nonbanking
business
banks
and
banking
The exemption level
concerns
and
nonprofit
institutions was $1 million equivalent on all nonbank forms
Common Definitions and Concepts
from March 1975 through November 1976, when it was raised to
The term "United States" means the States o f the United
States, the District o f Columbia, the Commonwealth of Puerto
Rico,
American
Virgin
Samoa,
Islands,
the
Canal
Zone,
and Wake Island.
Midway
Island,
$2 million
equivalent on
the monthly
reports of positions
held in the United States.
the
Firms must report their entire foreign currency position
The term "foreign” means
term
in a specified foreign currency if a specified United States
"Worldwide" is used to describe the sum of "United States" and
dollar equivalent value is reached in any category o f assets,
"foreign" data.
liabilities,
locations
other
than
the
"United
States".
The
exchange contracts bought and sold, o r the net
position in the currency.
Data for the United States include amounts reported by
sole proprietorships,
partnerships,
and corporations in the
In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary.
foreign
foreign
nonbanking
majority-owned foreign subsidiaries, United States banks and
firms*
positions",
concerns,
and
in
the
the
case
agencies,
of
"nonbanking
branches,
and
branches,
nonbanks
are
majority-owned
In reports on their
United States including the U.S. branches and subsidiaries of
required
to
report
the
United
States
dollar
contracts
bought
and
and sold, and net positions o f those branches, partnerships,
in
the
case
of
the
weekly
and
exchange
and
denominated
institutions,
liabilities,
partnerships
subsidiaries located in the United States of foreign banks
banking
assets,
foreign
and subsidiaries with reportable positions in the specified
monthly "bank positions".
foreign currencies.
Data for "foreign branches" and "abroad" include amounts
reported
by
the
majority-owned
branches,
nonbanking concerns.
the
positions
subsidiaries
accounts.
majority-owned
subsidiaries
of
of
United
In general,
foreign
located
abroad
partnerships
States
banking
and
Description o f Statistics
and
Data
these data do not reflect
parents
except
or
foreign
through
parents*
intercompany
The data include the foreign subsidiaries o f a few
foreign-owned U.S. based corporations.
the Treasury Foreign Currency forms
The
first section presents a summary of worldwide net positions
m
all of the currencies reported.
Sections II through IX
each present data on a specified foreign currency.
presents
Assets, liabilities, and foreign exchange contract data
collected on
are published in the Treasury Bulletin in ten sections.
Section X
the United States dollar positions o f the foreign
branches and
subsidiaries o f United States firms which are
are reported on the basis of time remaining to maturity as of
required to report in one or more of the specified foreign
the date of the report, regardless of the original maturity of
currencies.
Treasury Bulletin
122
mmmmFOREIGN CURRENCY POSITIONS
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms’ Positions 1/
(In millions of foreign currency units)
Report date
Belgian
francs
(1)
June 1 976 ........................
Sept. 1976.......................
16,408
13,327
French
francs
Canadian
dollars
(2)
(3)
6,646
ll,175r
10,806
7,903
Table
FCP-I-2.
Italian
lira
German
marks
Japanese
yen
Swiss
francs
(6)
(7)
(4)
(5)
5,821r
5,660
336,852
270,775
263,866
295,625
- Wee k l y
B a n k
Positions
-6,193r
-5,401
Sterling
(8)
340r
851
U.S.
dollars
2/
(9)
-7,328r
-6,215
3/
(In millions of foreign currency units)
Report date
Belgian
francs
(1)
French
Canadian
dollars
francs
(2)
(3)
German
marks
Italian
lira
Japanese
y en
Swiss
francs
British
pounds
U.S.
dollars
(6)
(7)
(8)
(9)
(5)
(4)
-448
-399
-558
-488
-489
1,184
1,250
1,435
1,622
1,576
-^,493
-12,051
-27,705
-19,528
54,722
70,094
73,873
63,669
57,901
62,408
-L62
-294
116
-215
-190
31
68
81
55
3
54
-54
-120
-83
-7
133
75
79
-418
-654
-473
-233
1,234
1,673
1,403
1,267
53,310
3,911
27,181
23,794
55,363
52,722
65,059
48,876
-291
-251
-218
-323
39
6
11
32
42
-28
38
63
-838
-588
-1,557
-2,087
28
-13
-51
27
-230
-415
-447
-397
1,912
1,560
1,430
1,688
32,518
28,089
31,867
25,095
55,017
52,807
66,398
50,830
-245
-316
-320
-309
16
-13
20
-21
-313
-218
21
157
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
-1,090
-1,078
-1,999
-2,938
-2,215
55
26
64
-16
-2
-519
-447
-285
-219
-344
2,414
2,141
2,107
2,218
2,010
11,911
22,527
-13,436
-23,148
-26,001
69,942
66,585
77,584
73,678
74,432
-191
-210
-131
-155
-70
-70
-55
-113
-111
-103
-168
-295
-290
-98
28
10/06/76
10/13/76
10/20/76
10/27/76
-1,245
-2,173
-2,360
-1,951
12
79
56
66
-336
-171
-384
-482
2,038
1,9a
1,723
1,468
42
26,359
17,755
-1,898
72,621
65,042
71,868
78,308
342
368
557
459
-109
-73
-56
-97
-224
-352
-98
-223
H/03/76
llAo/76
11/17/76
11/24/76
-2,080
-2,754
-2,430
-1,577
109
-355
-50
-217
-148
1,644
1,300
1,313
1,188
-15,776
-31,569
11,973
66,906
68,904
65,116
64,526
355
344
297
477
-119
-68
-43
-22
-181
-121
4
85
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
-1,724
-2,174
-1,070
-1,787
-1,677
7/07/76
7/14/76
7/21/76
7/28/76
-L,196
-1,588
-1,711
-1,535
8/04/76
8/11/76
8/18/76
8/25/76
76
61
44
107
170
146
84
64
47
Table
FCP-I-3.
- Monthly
6,148
B a n k
Positions
4/
V
(in millions of foreign currency units)
End of month
June........................
July........................
S ept ........................
Oct.........................
N o v .........................
Footnotes at end of Table FCP-X-3.
Belgian
francs
Canadian
dollars
OQ
(2)
French
francs
(3)
-3,75?
-7,314
16*
-3,794
77
-5,343
-3,774
-5,323
14
89
-15
150
-471.
-663
-541
-342
-476
-705
German
marks
(4)
75Q
599
1,482
1,479
614
861
Italian
lira
(5)
Japanese
yen
Swiss
francs
(6)
(7)
ZZ.JfP
-6,623
58,996
56,167
-451
-577
-54,155
54,549
-68,919
-53,041
-36,768
79,077
71,789
43,203
-673
17
271
-56
British
pounds
(8)
31
-65
-62
-53
-30
U.S.
dollars
(9)
30
272
-205
-86
-63
426
6/
123
May 1977
_ _ FOREIGN CURRENCY POSITIONS — —
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms* Positions 1/
(In millions of Belgian francs)
8
Short-term trade
Position
at end
of month
Liquid
assets 2/
term
debt 3/
1
(2)
( )
June 197*
June 1976
June 1976
24,747
441
25,188
'•*,*'01
694
78,985
372
376
2,884
2,853
822
839
Sept. 1976
Sept. 1976
Sept. 1976
24,538
710
25,248
45,039
3,082
345
244
3,157
3,615
Oct. 1976
Nov. 1976
48,121
Other
assets
6/
2
Forward exchange . /
6/
6
(7)
V ? 2
946
3*343
Ex
change
rate 10/
Net
position^
Sold
Bought
c*3 q'c*
9£,1 3
6,183
104,326
' ,'* 5
973
53,248
Other
liabil
ities
( )
(5)
(4)
O)
42,958
3,147
46,105
July 1976
Aug. 1976
Pay
ables 5/
Receiv
ables
(8)
(9)
5,070
T O , '77
-4,269
Positions held
fcy
offices in:
10)
(
39/510
39.6510
Abroad
United States
39.6510
Worldwide
87,311
2,428
7.855
16,408
1,239
6,383
6,527
3,343
3,405
974
2,115
5,572
6,153
-4,116
-3,793
39.2100
38.8430
United States
United States
74,188
784
74,972
47,189
1,175
48,364
100,445
6,536
106,981
88,024
3,064
91,088
2,683
871
3,554
3,692
6,163
9.855
17,910
-4,583
13,327
37.6150
37.6150
37.6150
Abroad
United States
Worldwide
543
363
1,214
1,155
7,494
7,045
3,224
1,086
6,895
5,438
-4,462
36.9650
36.7660
United States
United States
868
Table
FCP-II-2.
2,830
- Weekly
924
B a n k
Positions
5,022
11/
(In millions of Belgian francs)
Assets and liabilities 12/
Date
Assets
Net position
Exchange contracts 13/
Banks in U.S.
Banks in U.S.
Liabilities
Net
2
Foreign
branch
net
World
wide
net
Bought
6
Sold
Net
Foreign
branch
net
World
wide
net
10)
U.S. 14/
Foreign
branch
15/
Exchange
rate
/
World
wide 16/
17
( )
( )
(3)
(4)
(5)
(7)
( )
8
(9)
12)
(13)
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
146
152
85
-79
5,409
4,699
156
140
61
231
56
35
51
5,494
4,620
6,332
6,755
6,290
23,955
25,884
26,471
25,390
22,134
25,898
27,484
28,277
27,765
24,084
-1,943
-1,600
-1,806
-2,375
-1,950
-5,275
-5,194
-5,596
-6,167
-6,017
-7,218
-6,794
-7,402
-8,542
-7,967
-1,858
-1,679
-1,740
-2,254
-
134
-495
670
467
184
-1,724
-2,174
-1,070
-1,787
-1,677
39.742
39.401
39.563
39.604
39.651
7/07/76
7/14/76
7/21/76
7/28/76
129
71
6,042
21,033
23,097
23,949
-1,707
-1,928
-1,834
-1,915
-5,531
-7,944
-6,908
-7,063
-7,238
-9,872
-8,742
-8,978
-1,649
-1,872
-1,748
453
8,284
7,031
7,443
22,740
24,949
24,931
25,864
-1,196
-1,588
-1,711
-1,535
39.702
39.706
39.761
39.628
8/04/76
8/11/76
195
139
92
144
26,115
24^271
25,729
25,248
-1,771
-1,695
-1,795
-
6,630
-55741
-7,543
-7,779
-8,401
7,694
24,344
22*576
23,934
23,246
-9^38
-9,781
-1,663
-1,757
-
200
-201
-588
-1,557
-2,087
39.204
39.227
38.667
38.715
23,507
23,803
21,994
25,417
25,805
25,403
25,290
23,875
-9,391
-5,988
-6,056
-6,605
-7,386
-11,287
-7,475
-7,937
-8,156
-9,064
-1,733
-1,390
-1,682
-1,763
-1,536
643
-1,090
-1,078
-1,999
-2,938
-2,215
38.737
38.786
38.402
27,483
-1,487
-1,881
-1,551
-1,678
-1,356
-1,698
-1,470
111
-475
-462
-481
-1,245
-2,173
-1,951
37.202
-1,403
-1,569
-2,005
-1,737
-677
-1,185
-425
160
-2,080
-2,754
-2,430
-1,577
36.873
37.123
37.109
36.670
1
8/18/76
8/25/76
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
10/6/76
IQ/13/76
10/20/76
10/27/76
11/3/76
11/10/76
11/17/76
11/24/76
122
110
105
183
12
143
16
12
107
54
28
178
15
33
74
185
286
43
130
206
145
19
188
207
117
130
211
236
360
205
198
12
22
21
88
37
20
Footnotes at end of Table FCP-X-3.
66
121
89
58
98
-38
167
183
32
38
116
6,266
6,634
6,201
5,984
8,186
7,069
7,276
7,380
6,816
7,743
7,578
7,563
6*848
7,781
( )
23,021
2,002
1,896
(
142
5,739
5,430
6,707
10,197
6,397
5,938
5,218
6,849
-15
187
166
90
2,467
4,404
5,861
5,270
2,452
4,591
6,027
5,360
28,564
27,665
27,317
27,619
29,905
29,550
29,381
29,179
-1,341
-1,885
-2,064
-1,560
-2,356
-4,879
-6,323
-5,751
-3,697
-6,764
-8,387
-7,311
215
272
168
178
4,716
4,394
2,663
2,045
4,931
24,625
25,272
25,526
24,342
26,243
27,113
27,699
26,257
-1,618
-1,841
-2,173
-1,915
-5,393
-5,579
-3,088
-1,885
-7,420
-5,261
-3,800
163
97
199
-212
10,034
6,300
4,666
2,831
2,223
26,968
7,011
(ID
1,861
1,830
1,588
1,886
1,898
(
242
161
213
750
1,075
312
-317
-1,175
-679
-838
2,360
(14)
38.001
37.954
37.411
37.175
36.744
Section II - Belgian Franc Positions
Table
FCP-II-3.
- Consolidated
Monthly
B a n k
Positions
W
(In millions of Belgian francs )
Worldwide
End
of
month
1976-June....
N ov......
3 days-1 m o nth............................
Over 1 month-3 months.....................
Over 3 months-6 months...................
Over 6 months-1 y e a r ......................
Over 1 ye a r ................................
Total of all maturities..................
Capital assets, liabilities..............
Summary ((7) + (8))................. .
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot............ .......... ........
3 days-1 m onth ............................
Over 1 month-3 months.....................
Over 3 months-6 months...................
Over 6 months-1 y e a r ......................
Over 1 ye a r ................................
Total of all maturities................ .
Capital assets, liabilities..............
Summary ((7) + (8)).......................
(1)
(2)
3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................................
3 days-1 month......................... .
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Over 1 y e a r ................................
Total of all m aturities..................
Capital assets, liabilities..............
Summary ((7) + (8)).......................
Demand/ spot............................ «...
Over 1 month-3 months .................. .
Over 3 months-6 months....................
Over 6 months-1 y e a r ......................
Total of all maturities..................
Capital assets, liabilities.... .........
Summary ((7) + (8))............. .........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/ spot....................... .
3 days-1 month.............. .............
Over 1 month-3 months ............ ........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................... ............
3 days-1 month..................... .......
Over 1 month-3 months....................
Over 3 months-6 months....................
Over 6 months-1 y e a r . .....................
Over 1 y e a r ................................
Total of all maturities..................
Capital assets, liabilities..............
Over 6 months-1 y e a r ......................
Total of all maturities............. .
Capital assets, liabilities..............
Summary ((7) + (8)).......................
30,754
20,957
13,530
12,082
39,867
Foreign exchange contracts
Net
(3)
Bought
(4)
Sold
(5)
20/
Net
(6)
-9,113
-2,317
-2,616
5,656
2,760
12,058
6,428
-2,204
4,224
14,970
34,011
49,598
26,243
18,476
1,999
145,297
145,297
16,391
33,239
49.759
33,019
18,959
1,906
153,273
-
-1,421
772
-161
-6,776
-483
93
-7,976
-
153,273
-7,976
-6,091
-6,668
-521
5,518
830
11,436
4,504
-2,253
2,251
19,638
42,250
42,822
24,977
18,319
2,439
150,445
_
20,610
42,964
45,313
31,199
17,766
2,158
160,010
.
-972
-714
-2,491
-6,222
553
281
-9,565
-
150,445
160,010
-9,565
14,364
42,717
46,350
24,325
18,065
2,694
148,515
148,515
14,545
42,385
51,601
29,613
17,010
2,374
157,528
157,528
-181
332
-5,251
-5,288
1,055
320
-9,013
-
Net
overall
position
(7)
21/
—
-10,534
-1,545
-2,777
-1,120
2,277
12,151
-1,548
-2,204
-3,752
7,123
17,691
102,137
2,675
104,812
23,274
16,146
6,426
4,363
5,633
95,709
4,879
100,588
36,020
20,872
14,580
12,126
42,111
27,540
15,101
6,608
5,173
16,344
105,115
2,877
107,992
4,343
4,908
100,611
5,130
105,741
39,401
38,449
19,093
14,801
9,696
6,121
16,745
105,857
2,968
108,825
25,741
18,681
5,236
4,982
5,191
98,280
5,326
103,606
952
-6,648
-3,880
4,460
1,139
11,554
7,577
-2,358
5,219
-9,013
771
-6,316
-9,131
-828
2,194
11,874
-1,436
-2,358
-3,794
39,220
17,357
18,067
9,756
5,889
17,535
107,824
3,020
110,844
39,309
24,801
22,301
5,883
4,597
5,473
102,364
5,313
107,677
-89
-7,444
-4,234
3,873
1,292
12,062
5,460
-2,293
3,167
21,498
36,513
53,674
31,449
14,703
2,751
160,588
160,588
20,838
39,102
60,123
32,995
13,138
2,902
169,098
169,098
660
-2,589
-6,449
-1,546
1,565
-151
-8,510
-8,510
571
-10,033
-10,683
2,327
2,857
11,911
-3,050
-2,293
-5,343
36,368
21,083
17,364
8,957
5,674
17,410
106,856
3,342
110,198
33,787
32,913
18,862
7,103
4,346
5,134
102,145
5,548
107,693
2,581
-11,830
-1,498
1,854
1,328
12,276
4,711
-2,206
2,505
8,039
47,584
45,754
36,778
10,812
2,997
151,964
-
6,959
50,729
49,850
37,637
9,883
3,185
158,243
-
151,964
158,243
1,080
-3,145
-4,096
-859
929
-188
-6,279
-6,279
3,661
-14,975
-5,594
995
2,257
12,088
-1,568
-2,206
-3,774
38,455
23,604
17,296
9,819
6,086
17,253
112,513
3,429
115,942
40,227
37,653
17,178
8,138
2,959
5,166
111,321
5,281
116,602
-1,772
-14,049
118
1,681
3,127
12,087
1,192
-1,852
-660
16,046
42,341
39,021
28,530
8,640
3,667
138,245
138,245
17,130
43,091
39,341
32,232
7,918
3,196
142,908
142,908
-1,084
-750
-320
-3,702
722
471
-4,663
-4,663
-2,856
-14,799
-202
-2,021
3,849
12,558
-3,471
-1,852
-5,323
-7,063
-7,382
-3,012
-704
1,383
11,717
-5,061
-2,253
-7,314
P O S I T I O N S
Oct......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Liabilities
(2)
C U R R E N C Y
Sept.....
Assets 19/
(1)
FOREIGN
Aiig.....
Balance sheet items
Maturity
125
May 1977
FOREIGN CURRENCY POSITIONS _ _ _ _ _
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms’ Positions II
(in millions of Canadian dollars)
Forward exchange §J
Short-term trade
Position
at end
of month.
Liquid
assets— '
Short
term
debt H
(3)
( )
I
6
Ex
change
Net
position]*/
Sold
Bought
6
8
(7)
( )
rate! /
Positions
held by
offices in:
10)
1.0320
1.0320
1.0320
Abroad
United States
Worldwide
2
ities.!/
(5)
(4)
Other
liabil
(
(9)
( )
10,883
716
11,599
5,044
970
6,014
19,825r
^,306
23,131r
14,770
849
15,619
585
424
1,009
443
1,157
1,600
9,?95r
1,880
11,175 p
644
647
9A5
994
3,533*
3,498
876
877
383
493
1,473
1,356
1.0251
131
1,873
1.0201
United States
United States
2,997
538
3,535
4,498
11,148
5,330
970
6,300
20,307
3,470
23,777
15,489
871
741
531
1,272
515
1,781
4,646
676
11,824
9,361
1,445
10,806
1.0280
1.0280
1.0280
Abroad
United States
Worldwide
620
568
134
539
504
960
947
3,625
3,565
849
818
1,596
1,741
1,707
1,797
1.0289
0.9672
United States
United States
June 1976
June 1976
June 1976
2,834
505
3,339
4,575
95
4,670
July 1976
Aug. 1976
572
593
Oct. 1976
Nov. 1976
Pay
ables If
ables 4/
2
1
( )
Sept. 1976
Sept. 1976
Sept. 1976
Receiv
Other
assets /
122
148
121
Table
16,360
848
FCP-III-2. - W e e k l y
461
B a n k
l,716r
2,296
Positions W
(In millions of Canadian dollars)
Assets and liabilities 12/
Exchange contracts 13/
Banks in U.S.
Banks in U.S.
Date
Assets
1
( )
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
7/07/76
7/14/76
7/21/76
7/28/76
702
834
838
779
809
714
691
688
692
8/04/76
8/11/76
8/18/76
8/25/76
637
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
653
622
689
693
10/06/76
10/13/76
10/20/76
10/27/76
11/03/76
11/10/76
11/17/76
11/24/76
503
630
624
622
Liabilities
Net
( )
2
(3)
350
526
594
531
469
352
308
244
386
389
464
396
275
397
393
415
345
356
248
340
328
302
224
296
228
233
231
222
334
373
397
277
297
288
316
296
673
682
702
740
372
371
392
444
311
310
296
730
740
988
814
439
404
622
555
301
291
336
366
259
Footnotes at end of Table FCP-X-3.
Foreign
branch
net
World
wide
net
(5)
(4)
..... .
17
10
369
9
35
18
253
283
358
34
31
-7
-46
-46
-81
-88
26
-100
-43
-60
-75
8
-82
-148
-48
-37
-32
-15
-29
-19
Bought
6
8,690
( )
Sold
(7)
8,966
9,006
8,795
8,893
8,839
9,182
362
333
217
250
8,557
8,931
8,713
8,497
8,778
9,142
8,902
8,749
182
152
143
8,959
9,116
9,073
8,967
9,447
9,284
9,407
9,538
318
248
177
254
228
241
304
8,519
8,647
8,659
10,121
219
163
262
259
9,325
9,183
259
9,488
9,783
10,284
10,442
321
337
240
9,211
9,561
Net
8
-316
( )
-276
-246
-180
-216
Foreign
branch
net
(9)
"
23
19
37
4
28
-221
-211
11
-189
-252
47
81
9,187
9,376
9,401
9,214
-228
-260
74
95
134
26
9,747
9,632
9,720
9,922
-300
-348
-313
-384
-359
10,480
9,686
-328
-247
-361
9,500
9,555
9,874
-317
-344
-313
9,754
10,143
-266
-360
10,708
-396
-266
10,680
5
178
120
149
127
53
Net position
World
wide
net
(
10)
-293
-257
-209
-176
-188
-216
-200
-142
-171
-154
-165
-194
-221
-122
-228
-164
-257
-306
United
States
Foreign 1 Worldbranch 15/ wi d e l /
6
12)
(13)
124
40
29
46
39
46
76
61
44
107
170
107
91
35
44
39
42
40
35
(
11)
36
32
-2
68
-27
-97
-25
-23
-51
-25
-68
-63
(
17
133
75
79
1.0279
1.0273
1.0264
78
77
89
52
61
55
26
64
-16
138
120
-34
-17
116
123
123
73
-150
-237
-273
-193
25
-24
-30
-7
84
108
94
54
-6
1.0279
1.0330
1.0320
1.0321
28
-13
-51
27
72
85
90
83
-60
(14)
1.0232
1.0221
146
28
14
46
52
-207
-84
-206
-193
154
233
Exchange
rate
/
W
-2
12
79
56
66
109
84
64
47
1.0163
1.0131
1.0135
1.0151
1.0243
1.0239
1.0258
1.0260
1.0290
1.0270
1.0280
1.0279
1.0299
1.0270
1.0241
1.0220
1.0060
Section
Table
FCP-III-3.
III - C a n a d i a n
- Consolidated
Dollar
Positions
Monthly
B a n k
Positions
is/
(in millions of Canadian dollars)
Worldwide
End
-------------------- ji
Maturity
of
month
Assets 19/
(1)
1976-June.......
July.....
N o v .......
(2)
(3)
(4)
(5)
(6)
8
1,070
2,253
2,609
2,282
1,114
247
9,575
1,137
2,243
2,636
2,256
1,141
258
9,671
-67
10
-27
26
-27
-11
-96
9,575
9,671
-96
Bought
Sold
Net
3 days-1 month .......................... .
Over 1 month-3 months......................
Over 3 months-6 months.....................
Over 6 months- 1 y e a r ......................
Over 1 y e a r .................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
622
238
173
129
102
463
1,727
59
1,786
53
61
1,452
76
1,528
-89
-96
1
49
402
275
-17
258
Demand/spot............... .......... .
3 days-1 month.............................
Over 1 month-3 months......................
Over 3 months-6 months.....................
Over 6 months-1 y e a r .......................
Over 1 y e a r .................................
Total of all maturities....................
Capital assets, liabilities...............
Summary ((7) + (8))........................
419
213
202
122
91
461
1,508
64
1,572
457
342
308
104
52
62
1,325
83
1,408
-38
-129
-106
18
39
399
183
-19
164
1,495
1,937
2,665
2,323
1,097
270
9,787
1,438
1,888
2,717
2,315
1,180
263
9,801
-
57
49
-52
8
-83
7
-14
_
9,787
9,801
-14
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot.................................
3 days-1 month.............................
Over 1 month-3 months......................
Over 3 months-6 months.....................
Over 6 months-1 ye a r .......................
Over 1 y e a r .................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
616
308
182
147
95
413
1,761
65
1,826
508
354
329
144
56
51
1,442
83
1,525
108
-46
-147
3
39
362
319
-18
301
959
2,016
3,145
2,244
1,153
321
9,838
887
2,014
3,138
2,360
1,300
363
10,062
-
72
2
7
-116
-147
-42
-224
-
9,838
10,062
-224
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................ .................
3 days-1 month.............................
Over 1 month-3 months......................
Over 3 months-6 months.....................
Over 6 months-1 y ear.......................
Over 1 y e a r .................................
Total of all maturities.......... .........
Capital assets, liabilities...............
Summary ((7) + (8))........................
502
274
177
161
136
440
1,690
72
1,762
488
393
345
128
86
64
1,504
89
1,593
14
-119
-168
33
50
376
186
-17
169
1,186
2,540
3,141
2,165
1,162
301
10,495
10,495
1,185
2,355
3,129
2,312
1,336
333
10,650
10,650
185
12
-147
-174
-32
-155
_
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot.............................. ..
3 days-1 month.............................
Over 1 month-3 months......................
Over 3 months-6 months.....................
Over 6 months-1 ye a r .......................
Over 1 y e a r .................................
Total of all maturities...................
Capital assets, liabilities.... ..........
Summary ((7) + (8))........................
665
245
173
167
112
540
1,902
75
1,977
646
432
329
170
77
51
1,705
94
1,799
19
-187
-156
-3
35
489
197
-19
178
1,089
2,284
3,647
1,870
1,032
282
10,204
929
2,285
3,526
2,093
1,162
298
10,293
-
160
-1
121
-223
-130
-16
-89
-
10,204
10,293
-89
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................................
3 days-1 m onth.............................
Over 1 month-3 months......................
Over 3 months-6 months.....................
Over 6 months-1 y e a r .......................
Over 1 y e a r .................................
Total of all maturities....................
Capital assets, liabilities...............
Summary ((7) + (8))........................
828
302
266
130
203
449
2,178
109
2,287
798
376
445
130
109
42
1,900
110
2,010
30
-74
-179
1,408
3,085
3,497
2,063
1,460
331
11,844
1,462
3,103
3,479
2,291
1,488
313
12,136
-54
-18
18
-228
-28
18
-292
11,844
12,136
-292
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
614
327
269
128
-
94
407
278
-1
277
-
-
-
-
-
-
-
-
1
-155
_
Net
overall
position 21/
-59
-79
-123
27
22
391
179
-17
162
19
-80
-158
26
-44
406
169
-19
150
180
-44
-140
-113
-108
320
95
-18
77
15
66
-156
-114
-124
344
31
-17
14
179
-188
-35
-226
-95
473
108
-19
89
-24
-92
-161
-228
66
425
-14
-1
-15
P O S I T I O N S
Oct.......
Net
C U R R E N C Y
S e p t .....
Liabilities
.FOREIGN
A u g .......
Foreign exchange contracts 20/
Balance sheet items
127
May 1977
_ _ FOREIGN CURRENCY POSITIONS
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms* Positions 1/
(In millions of French francs)
exchange
Forward 1
Short-term trade
Position
at end
of month
Liquid
assets — '
Short
term
.
debt
Receiv
ables hJ
(2)
Other
1
assets — /
Pay
ables 2J
(3)
Other
liabil
ities!/
(
6,646
4.7360
4.7360
4.7360
l,456r
918
2,240
2,385
-35lr
-1,007
4.9140
4.9298
United States
United States
15,651
814
16,465
1,109
919
2,028
1,957
2,512
4,469
9,161
-1,258
7,903
4.9432
4.9432
4.9432
Abroad
United States
Worldwide
791
774
854
874
2,274
1,913
-1,343
-1,046
4.9938
4.9925
United States
United States
22,870
307
23,177
14,766
230
14,996
20,954
1,088
22,042
15,733
735
16,468
July 1976
Aug. 1976
259
204
226
208
280
281
241
207
1,129
1,128
768
738
5,004
187
5,191
9,683
216
21,621
302
9,899
21,923
13,120
236
13,356
21,838
1,112
22,950
170
112
200
204
287
255
213
174
824
778
Oct. 1976
Nov. 1976
Table
10)
(9)
7,535
—889
9,559
201
9,760
Sept. 1976
Sept. 1976
Sept. 1976
Positions
held by
offices in:
1,762
2,192
3,954
(5)
5,018
203
5,221
(7)
(6)
FCP-IV-2. - W e e k l y
(8)
Ex
change
rate
513
871
1,384
(4)
June 1976
June 1976
June 1976
(1)
Net
position - 1
Sold
Bought
B a n k
Positions
Abroad
United States
Worldwide
W
(In millions of French francs)
Exchange contracts 13/
Assets and liabilities 1?/
Banks in U.S.
World
wide
net
Liabilities
Net
Foreign
branch
net
(1)
(2)
(3)
(4)
(5)
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
204
270
268
336
320
53
45
55
151
225
213
896
1,040
948
1,047
1,265
1,161
83
111
253
209
925
1,011
7/07/76
7/14/76
7/21/76
7/28/76
325
503
351
364
184
346
149
43
141
157
202
321
1,011
777
974
739
8/04/76
8/11/76
8A8/76
8/25/76
331
285
307
317
127
37
25
27
204
248
282
290
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
276
259
356
281
264
29
127
22
36
52
10/06/76
10/13/76
10/20/76
10/27/76
332
313
265
332
11/03/76
11/10/76
11/17/76
11/24/76
239
299
379
280
Net position
Exchange
ratel7/
Sold
Net
Foreign
branch
net
(7)
(8)
(9)
(10)
(11)
(12) —
(13)
(14)
15,877
15,139
14,238
-483
-619
-709
-732
-688
-1,012
-1,045
-1,010
-116
-5
-62
-448
-399
-558
4.7304
4.7293
4.7281
-934
-1,021
-1,495
-1,664
-1,719
-1,666
-1,709
-332
-394
-496
1,178
1,220
15,394
14,520
13,529
13,725
14,083
-479
-479
-9
-10
-489
4.7382
4.7360
1,152
934
1,176
1,060
13,921
15,560
15,929
16,154
14,483
16,338
16,625
16,778
-562
-778
-696
—
624
-1,008
-810
-953
-669
-1,570
-1,588
-1,649
-1,293
-421
-621
-494
-303
3
-33
21
70
-418
-654
-473
-233
4.7472
4.8228
4.9068
4.8972
646
16,030
916
1,093
910
1,164
1,375
1,200
15,354
15,471
15,140
16,612
15,986
16,149
15,801
-582
-632
-678
-661
-294
-947
-1,144
-936
-876
-1,579
-1,822
-1,597
-378
-384
-396
-371
148
-31
-51
-2 6
-230
-415
-447
-397
4.9285
4.9813
4.9788
4.9640
247
132
334
245
212
1,007
1,430
1,451
1,570
1,575
1,254
1,562
1,785
1,815
1,787
14,865
14,439
14,234
14,085
14,598
15,515
14,937
14,771
14,581
15,074
-650
-498
-537
-496
-476
-1,123
-1,511
-1,533
-1,538
-1,655
-1,773
-2,009
-2,070
-116
-81
-82
32
-80
-519
-447
-285
-219
-344
4.9249
4.9237
4.8960
-2,034
-2,131
-403
-366
-203
-251
-264
4.9044
4.9200
69
25
26
72
263
288
239
260
1,452
1,588
1,513
1,693
1,715
1,876
1,752
1,953
15,289
15,335
15,384
14,851
15,880
15,914
16,016
15,672
-591
-579
-632
-821
-1,460
-1,468
-1,504
-1,614
-2,051
-2,047
-2,136
-2,435
-328
-291
-393
-561
-8
120
9
79
-336
-171
-384
-482
4.9419
5.0100
4.9751
4.9950
71
78
85
30
168
221
294
250
1,301
1,236
1,547
1,968
1,469
1,457
1,841
2,218
14,357
14,060
14,431
15,640
14,949
14,428
14,970
16,082
-592
-368
-539
-442
-1,232
-1,139
-1,519
-1,924
-1,824
-1,507
-2,058
-2,366
-424
-147
-245
-192
69
97
28
44
-355
-50
-217
-148
4.9739
4.9863
4.9888
4.9888
Date
Assets
Banks in U.S.
Footnotes at end of Table FCP-X-3.
442
Bought
(6)
14,457
14,771
World
wide
net
United
11 Foreign
States 14>f branch
Worldwide!6/
—
488
Section IV - French Franc Positions
&
oo
Table FCP-IV-3. - Consolidated Monthly Bank Positions 18/
(In millions „of French francs)
End
of
month
1976-June.
July.
Aug.
Sept.
Nov.
Assets 19/
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot................
3 days-1 month .............
Over 1 month-3 months.....
Over 3 months-6 months.... .
Over 6 months-1 y e a r ........
Over 1 y e a r ................ .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) t (8)).........
1)
2)
Demand/ spot................ .
3 days-1 m onth ............. .
3)
4)
5)
6)
7)
8)
9)
Over 1 month-3 months.......
Over 3 months-6 months.... .
Over 6 months-1 y e a r ........
Over 1 y e a r ................ .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8)).........
1)
2)
3)
4)
5)
6)
7)
8)
9)
Foreign exchange contracts 20/
Balance sheet items
Maturity
Liabilities
Net
Bought
Sold
Net
Net
overall
position 21/
(1)
(2)
(3)
(4)
(6)
(7)
3,750
5,091
2,621
1,498
1,109
536
961
11,816
456
12,272
-1,341
584
962
328
270
449
1,252
-20
1,232
4,041
6,821
10,567
5,010
2,124
168
28.731
4,208
7,435
10,979
5,448
2,132
232
30.434
-167
-614
-412
-438
-8
*•64
-1,703
28.731
30.434
-1,703
-1,508
-30
550
-110
262
385
-451
-20
-471
5,493
2,597
-1,201
592
509
562
447
185
1,094
-7
1,087
6,743
8,025
10,877
5,585
1,930
261
33.421
7,261
7.969
11,271
6,184
2,168
318
35.171
-518
56
-1,719
648
-394
-599
-238
-57
-1,750
33.421
35.171
-1,750
115
-37
209
128
-656
-7
-663
-887
693
5,261
8,500
8,799
5,490
1,857
398
30.305
5,356
8,795
9,285
6.324
1.969
374
32.103
-95
-295
-486
-834
-112
24
-1,798
30.305
32.103
-1,798
5,376
7,219
8,319
5,905
1,831
627
29.277
5,750
7.465
8,933
6.970
1,805
662
31.585
-614
-1,065
26
-35
-2,308
3,205
2,460
1.437
806
1,410
13,068
436
13,504
4,292
3,189
2,350
1,627
871
1,123
13,452
(5)
464
13,916
1,841
1,065
424
938
12,358
471
12,829
Demand/spot................ .
3 days-1 month............. .
Over 1 month-3 months..... .
Over 3 months-6 months .... .
Over 6 months-1 y ear ........
Over 1 year.................
Total of all maturities....
Capital assets, liabilities,
Summary ((7) + (8)).........
3,563
3,358
2,729
1,512
811
1,086
13,059
479
13,538
4,450
2,665
2,081
1,062
612
927
11,797
484
12,281
450
199
159
1,262
-5
1,257
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot.................
3 days-1 month..............
Over 1 month-3 months..!....
Over 3 months-6 months.....
Over 6 months-1 y e a r .......
Over 1 y e a r .......... .......
Total of all maturities....
Capital assets, liabilities,
Summary ((7) + (8)).........
4,231
3,523
2,921
1,409
725
1,141
13,950
497
14,447
4,784
2,704
1,814
1,075
685
907
11,969
512
12,481
-553
819
1,107
334
40
234
1,981
-15
1,966
29.277
31.585
-2,308
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot.................
3 days-1 month..............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 ye a r .......
Over 1 year. .................
Total of all maturities....
Capital assets, liabilities,
Summary ((7) + (8)).........
4,776
3.438
3,352
1,243
981
1.117
14,907
428
15,335
4,995
3,084
2,481
1,143
794
851
13,348
511
13,859
-219
354
871
100
187
266
1,559
-83
1,476
2,767
7,630
9,195
5,698
1,708
926
27.924
2,889
8,268
9,707
6.325
1,679
1,008
29.876
-122
-638
-512
-627
29
-82
-1,952
27.924
29.876
-1,952
-341
-284
359
-527
216
1
-393
-83
-476
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot..................
3 days-1 month........ ......
Over 1 month-3 months.......
Over 3 months-6 months.....
Over 6 months-1 ye a r ........
Over 1 y e a r ..................
Total of all maturities.....
Capital assets, liabilities.
Summary ((7) + (8)).........
5,094
4,159
2,756
4,791
3,403
1,826
303
756
930
4,309
6,671
8,308
4,022
7,608
9,170
287
-937
-862
590
-181
68
1,440
1,220
1.118
15,787
459
16,246
1,287
828
1,178
13,313
533
13,846
153
392
-60
2,474
-74
2,400
5,662
2,117
1,486
28.553
6.465
2,967
1,426
31.658
-803
-850
60
-3,105
-650
-458
28.553
31.658
-3,105
648
-374
-246
-982
398
162
-384
87
183
-536
-5
-541
-927
573
493
-731
66
199
-327
-15
-342
84
-631
-74
-705
1
q
ba
Si
5:
3*
May 1977
129
_ _ FOREIGN CURRENCY POSITIONS _ _ _ _ _
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms* Positions -f
(In millions of marks)
Position
at end
of month
Liquid
assets
.Tune 1076
June 1976
June 1976
6,744
968r
7,712r
July 1976
Aug. 1976
2'
Short-term trade
Short
term
debt 3/
Receiv
ables
2
1
Bought
6
Net
position
1/
Sold
8
Ex
change
rate
/
10
Positions
held by
offices in:
10)
(7)
( )
(9)
17,788
1,149
18,937
16,131
3,514
19,645
983
3,234
4,217
1,074
500
5,222
599?
5,821r
2.^743
2.5743
2.5743
Abroad
United States
Worldwide
276
260
464
273
1,277
1,125
3,374
3,386
2,626
2,651
345
90
2.5313
2.5265
United States
United States
13,615
9,546
17,916
1,116
9,954
19,032
16,152
3,273
19,425
1,339
2,249
3,588
1,088
539
1,627
5,672
13,863
2.4387
2.4387
2.4387
United States
Worldwide
749
470
1,283
878
3,277
3,098
2,673
2,282
626
776
2.4008
2.4062
United States
United States
Table
FCP-V-2.
- Weekly
(3)
(5)
(4)
7,481
722
8,203
13,947
356
14,303
1,159
1,114
731
883
Sept. 1976
Sept. 1976
Sept. 1976
7,454
1,309
,763
7,866
714
8,580
Oct. 1976
Nov. 1976
1,194
1,041
698
489
8
6/
ables U
Forward exchange 5/
Other
liabil
ities Jl
9,554
372r
9,926r
( )
( )
Other
assets
248
408
400
467
( )
B a n k
1,574
424
5l3
(
-12
5,660
200
-165
Abroad
Positions W
(In millions of narks)
Assets and liabilities 12/
B anks in U.S.
Date
Assets
(1)
Liabilities
(2)
Net
Foreign
branch
net
Net position
Exchange contracts 13/
World
wide
net
Foreign
branch
net
Banks in U.S.
Bought
Sold
■“ WorTa-""
wide
net
United
States
(9)
10)
11)
225- -24
1!*
(4)
(5)
(6)
(7)
(8)
5,986
6,402
20,443
20,090
19,775
19,853
19,508
20,901
20,503
20,132
20,345
19,754
-458
-413
-357
-492
-246
-47344
-4,380
-4,113
-4,032
-4,580
A r m
-4;470
-4,826
-182
75
5,674
5,590
6,1ZA
5; 776
5,982
5,921
19,324
18,934
18,956
19,509
19,798
19,259
19,347
19,830
-474
-325
-391
-321
-4,406
-3,778
-4,188
-4,333
-4,880
-4,103
-4,579
-4,654
338
347
355
310
6,058
5,641
5,443
5,721
6,396
5,988
5,798
6,031
20,966
19,477
21,691
20,987
21,135
19,777
21,895
21,139
- 169
-300
-204
-152
-4,315
-4,128
291
313
336
352
290
327
298
307
300
339
5,847
5,072
4,972
5,330
4,959
6,174
5,370
5,279
5,630
5,298
20,130
19,166
21,271
21,667
21,789
20,306
19,417
21,451
21,675
21,913
-176
-251
-180
-8
-124
-3,584
-2,978
-2,992
651
701
713
781
294
283
350
404
357
418
363
377
5,447
5,152
4,711
4,468
5,804
5,570
5,074
4,845
21,951
20,640
22,644
22,392
22,044
20,748
22,612
22,574
794
819
911
845
397
364
437
440
397
455
474
405
4,627
3,970
4,343
3,618
5,024
4,425
4,817
4,023
19,978
21,294
22,010
21,118
20,152
21,649
22,580
21,488
533
549
624
608
632
300
250
291
298
311
233
299
333
310
321
7/07/76
7/14/76
7/21/76
7/28/76
63 8
657
619
649
306
307
311
318
332
350
308
331
5,782
5,426
8/04/76
8/11/76
8/18/76
8/25/76
645
622
643
620
307
275
288
310
9/01/76
9/08/76
9A5/76
9/22/76
9/29/76
618
611
643
652
629
10/06/76
10/13/76
10/20/76
10/27/76
11/03/76
llAo/76
11/17/%
11/24/76
Footnotes at end of Table FCP-X-3.
5,836
6,081
6,043
5,905
6,146
(
(
World
wide^/
Exchange
rate 17/
15/
W
Net
5,753
5,744
5,572
(3)
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
Foreign
branch
(12)
(13)
4
(14)
1,804
1,501
TTrti
XT J.O
1,250
1,435
1,622
1^576
2.5947
2.5644
2.5720
2.5737
2,5743
-142
25
-83
10
1,376
1,648
1,486
1,257
1,234
1,673
1,403
1,267
2.5773
2.5780
2.5757
2.5684
-4,484
-4,428
-4,368
-4,343
169
47
151
158
1,743
1,513
1,279
1,530
1,912
1,560
1,430
1,688
2.5371
2.5358
2.5119
2*5288
-3,404
-3,164
-3,760
-3,229
-3,172
-3,412
-3,288
151
47
127
292
215
2,263
2,094
1,980
1,926
1,795
2,414
2,141
2,107
2,218
2,010
2.5205
2.5148
2.4857
2.4697
2.4525
-93
-108
32
-182
-3,673
-3,521
-3,383
-3,195
-3,766
-3,629
-3,351
-3,377
264
310
395
195
1,774
1,631
1,328
1,273
2,038
1,941
1,723
1,468
2.4349
2.4310
2.4248
2.4004
-174
-355
-570
-370
-3,206
-2,770
-2,934
-2,465
-3,380
-3,125
-3,504
-2,835
223
100
-96
35
1,421
1,200
1,409
1,153
1,644
1,300
1,313
1,188
2.4045
2.4160
2.4225
2.4041
-4,164
-4,191
--
4,524
i;t°4
Section V - German Mark Positions
End
of
month
Maturity
Table FCP-V-3. - Consolidated Monthly Bank Positions W
(In millions of marks)
Worldwide
Balance sheet items
Foreign exchange contracts 20/
Assets 19/
Liabilities
(1)
Net
(3)
Bought
(4)
Sold
(5)
Net
(6)
Net
overall
position 21/
(7)
-1,267
-2,714
211
1,194
1,656
2,471
1,551
-801
750
1976-June.
Demand/spot................ .
3 days-1 month............
Over 1 month-3 months ..... .
Over 3 months-6 months.... .
Over 6 months-1 ye a r ........
Over 1 y e a r ................ .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8)).........
7,412
14,588
13,740
5,513
4,325
11,777
57,355
861
58,216
8,384
15,085
11,901
4,018
2,855
8,729
50,972
1,662
52,634
-972
-497
1,839
1,495
1,470
3,048
6,383
-801
5,582
9,503
12,326
14,387
10,001
6,381
3,049
55.647
9,798
14,543
16.015
10,302
6,195
3,626
60.479
-295
-2,217
-1,628
-301
186
-577
-4,832
55.647
60.479
-4,832
July.
Demand/spot................
3 days-1 m o n t h .............
Over 1 month-3 months.....
Over 3 months-6 months.... .
Over 6 months-1 yea r . .....
Over 1 y e a r ................
Total of all maturities....
Capital assets, liabilities
Summary ((7) + (8))........
6,318
13,047
12,549
6,490
4,558
11,904
54,866
881
55,747
8,128
-1,810
13,051
11,312
4,987
2,967
8,614
49,059
1,678
50,737
-4
1,237
1,503
1,591
3,290
5,807
-797
5,010
13,328
12,710
16,003
9,760
6,884
4,109
62.794
13,435
14,661
17,218
10,781
6,436
4,674
67.205
-107
-1,951
-1,215
-1,021
448
-565
-4,411
62.794
67.205
-4,411
Demand/spot.................
3 days-1 month..............
Over 1 month-3 months ......
Over 3 months-6 months.....
Over 6 months-1 y e a r ........
Over 1 ye a r.................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
6,505
15,131
10,321
7,156
4,521
11,718
55,352
873
56,225
7,826
14,661
9,736
5,322
2,862
8,936
49,343
1,680
51,023
-1,321
470
585
1,834
1,659
2,782
6,009
-807
5,202
9,581
14,356
14,459
9,346
6.893
3,937
58.572
9,528
15,164
15,679
10,761
6,540
4,620
62,292
53
-808
-1,220
-1,415
353
-683
-3,720
58.572
62,292
-3,720
Demand/spot.................
3 days-1 m onth..............
Over 1 month-3 months.......
Over 3 months-6 months.....
Over 6 months-1 year ........
Over 1 y ear...............
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
6,869
13,184
10,201
7,719
4,261
11,733
53,967
1,101
55,068
8,906
-2,037
12,874
9,977
5,116
3,115
8,613
48,601
1,641
50,242
224
2,603
1,146
3,120
5,366
-540
4,826
11,982
15,022
14,813
10,796
6^957
4,314
63.884
11,683
16,107
15,756
12.015
6,808
4,862
67.231
299
-1,085
-943
-1,219
149
-548
-3,347
63.884
67.231
-3,347
9,183
15,119
15,271
10,999
6,959
4,607
62,138
9,438
15,591
16,383
12,122
7,000
5,275
65.809
-255
-472
-1,112
-1,123
-41
-668
-3,671
62,138
65.809
-3,671
-2,466
-1,371
-176
1,416
1,165
2,554
1,122
-508
614
7,767
13,509
14,471
11,230
6.894
5,140
59.011
7,842
15,898
-75
-712
-1,427
-4,185
-1,454
616
11,641
6,704
5,570
61.876
-411
190
-430
-2,865
59.011
61.876
-2,865
1,788
1,402
3,014
1,181
-320
861
Pi
Aug.
Sept.
Nov.
310
Demand/spot..................
6,052
8,263
-2,211
3 days-1 month..............
Over 1 month-3 months.......
Over 3 months-6 months......
Over 6 months-1 y ear........
Over 1 ye a r ..................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
13,504
13,585
6,340
4,392
11,811
55,684
1,005
56,689
14.403
12,649
3,801
3,186
8,589
50,891
1,513
52.404
-899
936
2,539
1,206
3,222
4,793
-508
4,285
Demand/spot..................
3 days-1 m onth..............
Over 1 month-3 months.......
7,160
14,011
12,952
-4,110
-742
2,043
Over 3 months-6 months......
Over 6 months-1 year........
Over 1 y e a r ..................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
6,149
4,316
11,574
56,162
1,243
57,405
11,270
14,753
10,909
3,950
3,104
8,130
52,116
1,563
53,679
2,199
1,212
3,444
4,046
-320
3,726
14,221
-1,917
-1,955
22
482
2,039
2,725
1,396
-797
599
-1,268
-338
-635
419
2,012
2,099
2,289
-807
1,482
-1,738
-775
-719
1,384
1,295
2,572
2,019
-540
1,479
§
O
*0
o
GO
3
o
2
CO
I
CD
s.
3*
131
M ay 1977
____. FOREIGN CURRENCY POSITIONS _____
Section VI - Italian Lira Posit;ons
Table
FCP-VI-1.
- Nonbanking
Firms*
Positions
if
(In millions of lire)
Position
at end
of month
Liquid
assets 2/
Short-term trade
Short
term
debt 3/
Pay
ables 5J
Receiv
ables 4/
(1)
(2)
(3)
Other
assets
6/
1,306,986
15,317
1,322,303
Bought
Sold
(7)
(8)
1,650,620
33,183
1,683,803
1,870,096
49,433
1,919,529
Ex
change
rate 10/
Net
position
(6)
(5)
(4)
Forward exchange 8/
Other
liabil
ities Ij
Positions
held b y
offices in:
1/
(10)
(9)
234,211
102,641
336,852
109,814
68,784
178,598
Abroad
United States
Worldwide
837.87
837.87
837.87
June
June
June
1976
1976
1976
383,265
6,065
389,330
1,434,696
21,650
1,456,346
2,458,832
155,542
2,614,374
July
1976
6,215
18,332
170,188
25,064
51,573
39,210
29,512
87,019
87,863
834.38
United States
Aug.
1976
6,681
15,900
200,366
19,628
52,222
41,266
24,689
95,085
112,079
840.69
United States
Sept. 1976
Sept. 1976
Sept. 1976
354,396
6,767
361,163
1,448,252
35,176
1,483,428
2,472,920
200,443
2,673,363
1,310,100
18,916
1,329,016
1,976,306
52,544
2,028,850
1,723,330
39,058
1,762,388
10,520
27,569
38,089
146,874
115,893
262,767
185,586
78,280
263,866
856.90
856.90
856.90
Abroad
United States
Worldwide
24,134
30,535
54,669
Oct.
1976
6,521
44,101
218,362
19,803
54,875
39,335
28,987
106,309
99,197
863.19
United States
Nov.
1976
5,939
49,285
234,509
19,892
52,703
33,245
25,675
85,922
130,482
865.43
United States
Table
FCP-VI-2.
Weekly
B a n k
Positions
W
(In millions of lire)
Assets ;
a nd liabilities 12/
Banks in U.S.
Date
Foreign
branch
net
Exchange contracts
World
wide
net
Banks in U.S.
Net
13/
Foreign
branch
net
World
wide
net
Exchange
World
rate
17 j
wide
/
(1)
(2)
(3)
(10)
(11)
Foreign
branch
15/
(12;
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
13,927
9,340
9,670
9,859
24,759
4,727
5,270
11,316
13,276
1,535
9,200
4,070
-1,646
-3,417
23,224
183,273
219,478
169,182
169,615
217,499
192,473
223,548
167,536
166,198
240,723
731,133
823,198
790,393
760,281
864,935
794,832
879,257
833,519
801,842
911,946
-63,699
-56,059
-43,126
-41,561
-47,011
-151,267
-179,540
-152,115
-144,165
-138,990
-214,966
-235,599
-195,241
-185,726
-186,001
-54,499
-51,989
-44,772
-44,978
-23,787
32,006
39,938
17,067
25,450
78,509
-22,493
-12,051
-27,705
-19,528
54,722
842.46
854.34
853.61
846.74
837.87
7/07/76
7/14/76
7/21/76
7/28/76
12,583
10,009
11,318
18,826
1,621
3,022
17,923
5,856
10,962
6,987
-6,605
12,970
257,244
211,029
192,818
136,129
268,206
218,016
186,213
149,099
720,863
743,738
788,277
773,175
749,048
789,556
809,294
813,638
-28,185 -186,711
-45,818 -168,287
-21,017 -138,015
-40,463 -84,842
-214,896
-214,105
-159,032
-125,305
-17,223
-38,831
-27,622
-27,493
70,533
42,742
54,803
51,287
53,310
3,911
27,181
23,794
837.52
838.22
835.77
835.77
8/04/76
8/11/76
8/18/76
8/25/76
11,615
10,410
11,852
11,544
1,718
2,675
12,867
13,747
9,897
7,735
-1,015
-2,203
177,978
161,043
194,790
183,646
187,875
168,778
193,775
181,443
719,262
682,976
786,803
910,961
754,070
712,742
803,427
938,304
-34,808 -120,549
-29,766 -110,923
-16,624 -145,284
-27,343 -129,005
-155,357
-140,689
-161,908
-156,348
-24,911 1
-22,031
-17,639
-29,546
57,429
50,120
49,506
54,641
32,518
28,089
31,867
25,095
835.07
836.47
836.47
838.57
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
9,844
13,358
14,909
14,690
17,651
8,191
5,453
700
410
1,653
12,712
9,456
13,990
17,241
133,991
170,932
182,534
185,888
143,897
135.644
183.644
191,990
199,878
161,138
952,204
984,273
904,255
943,190
956,867 1,025,261
962,375 1,026,935
1,135,339 1,19^,041
-32,069
-38,935
-68,394
-64,560
-58,702
-91,664
-122,182
-137,032
-158,466
■128,437
-123,733
-161,117
-205,426
-223,026
-187,139
-30,416
-26,223
-58,938
-50,570
-41,461
42,327
48,750
45,502
27,422
15,460
11,911
22,527
-13,436
-23,148
-26,001
840.69
839.98
840.69
844.24
855.43
10/06/76
10/13/76
10/20/76
10/27/76
17,805
27,201
32,116
24,377
939
7,386
1,993
3,052
16,866
19,815
30,123
21,325
166,904
176,010
167.834
169.835
183,770
195,825
197,957
191,160
1,070,406
1,114,034
1,121,53$
1,043,613
-54,117
-35,735
-55,570
-68,515
•129,611
■133,731
■124,632
•124,543
-183,728
-169,466
-180,202
-193,058
-37,251
-15,920
-25,447
-47,190
37,293
42,279
43,202
45,292
42
26,359
17,755
-1,898
839.28
839.98
868.06
863.56
11/03/76
11/10/76
11/17/76
11/24/76
37,683
41,697
52,787
42,463
4,627
22,329
982
1,071
33,056
19,368
51,805
41,392
191,855
199,208
187,425
176,551
224,911
218,576
239,230
217,943
1,027,539 1,105,234
962,315 1,040,276
979,865 1,101,657
920,252
997,120
-77,695 ■153,364
-77,961 ■156,391
-121,792 ■•149,007
-76,868 ••129,102
-231,059
-234,352
-270,799
-205,970
-44,639
-58,593
-69,987
-35,476
38,491
42,817
38,418
47,449
-6,148
-15,776
-31,569
11,973
865.43
865.43
864.68
865.43
Assets
Liabilities
646
Net
Footnotes at end of Table FCP-X-3.
(4)
(5)
Bought
(6)
Sold
(7)
1,124,523
1,149,769
1,177,109
1,112,128
Net
(8)
(9)
United
States
14/
position
16
(13)
(14)
Treasury Bulletin
132
F O R E I G N
Section
Table
C U R R E N C Y
VII
FCP-VH-1.
- Japanese
P O S I T I O N S
Y e n
- Nonbanking
Positions
F i r m s ’ Positions!/
(In nillions of yen)
Position
a t end
of month.
Liquid
assets^/
Short-term trade
Short
term
debt I f
Beceivables hJ
(2)
(1)
Pay
ables?/
Other
assets 6/
Forward exchange §/
Other
liabil
ities?/
Bought
Net
position^/
Ex
change
rate 10/
Sold
Positions
held by
offices in:
(3)
<4)
(5)
590,258
19,196
609,454
444,957
28,236
473,193
375,329
45,182
420,511
1,535
23,285
39,939
40,882
10,673
114,706
81,262
113,412
293.13
United States
2,277
21,635
39,628
43,732
11,013
110,579
79,285
110,333
289.23
United States
637,224
24,713
661,937
429,845
38,710
468,555
412,748
42,592
455,340
334,834
10,764
345,598
30,067
106,711
136,778
23,114
81,828
104,942
196,890
98,735
295,625
286.78
286.78
286.78
Abroad
United States
Worldwide
June
June
J’une
1976
1976
1976
175,643
87,920
263,563
July
1976
67,948
Aug.
1976
66,590
Sept. 1976
Sept. 1976
Sept. 1976
215,682
57,540
273,222
311,038
1,519
312,557
242,233
1,733
243,966
(6)
302,044
12,445
314,489
(7)
(8)
(9)
(10)
26,635
82,523
109,158
10,100
90,163
100,263
168,531
102,244
270,775
297.75
297.75
297.75
Abroad
United States
Worldwide
Oct.
1976
50,830
1,389
24,952
39,593
38,546
10,322
91,041
77,764
76,301
294.46
United States
Nov.
1976
54,589
1,733
27,807
34,579
33,128
8,441
74,083
84,131
60,723
297.75
United States
FCP-VII-2.
- Weekly
Table
B a n k
Positions
uj
(In millions of yen)
Assets and liabilities 12/
Banks in U.S.
Liabilities!
Net
Foreign
branch
net
(2)
(3)
(4)
Date
Assets
Exchange
Wor l d wide
net
contracts 13/
Banks in U.S.
Bought
foreign
branch
net
So l d
Net
(7)
(8)
(9)
Net position
World
wide
net
United
States^*/
(10)
(11)
Foreign
branch. J
Worldwid©l6/
Exchange
rater^
w
(1)
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
30,055
7/07/76
7/14/76
7/21/76
7/28/76
435
(5)
(6)
(13)
(14)
78,065
79,642
73,242
63,187
62,507
70,094
73,873
63,669
57,901
62,408
300.26
299.76
299.72
297.44
297.75
-5,333
-6,193
-3,019
-6,138
60,696
58,915
68,078
55,014
55,363
52,722
65,059
48,876
296.34
292.70
293.56
293.38
-340,500
-352,186
-345,962
-338,574
-414,350
-5,728
-9,041
-428,234
1,056
-412,594
-410,501: -12,316
60,745
61,848
65,342
63,146
55,017
52,807
66,398
50,830
292.74
292.53
288.18
288.85
830,417 ! -62,273
830,745
-63,403
i 898,320
-59,688
^ 864,662
-65,,936
881,466
-66,385
-343,557
-339,277
-331,784
-332,385
-331,779
-405,830
-402,680
-391,472
-398,321
-398,164
5,263
2,482
6,668
3,860
6,404
64,679
64,103
70,916
69,818
68,028
69,942
66,585
77,584
73,678
74,432
288.85
287.44
286.20
287.07
287.65
834,873
924,428
917,005
896,482
-74,775
-74,181
-68,351
-63,505
-332,190
-337,922
-335,a 8
-331,103
-406,965
-412,103
-403,769
-394,608
-1,354
-2,834
377
4,499
73,975
67,876
71,491
73,809
72,621
65,042
71,868
78,308
257.77
290.28
292.14
293.30
913,599
895,917
942,424
946,198
-75,635
-77,641
-83,600
-83,766
-338,624
-333,972
-338,239
-324,051
-414,259
-411,613
-421,839
-407,817
-3,965
-748
-3,528
-7,724
70,871
69,652
68,644
72,250 :
66,906
68,904
65,116
64,526
295.07
294.29
295.07
295.38
13,176
11,631
11,222
10,418
10,392
,a s
16,879
19,391 : 445,761
435,897
69,109
70,876
421,643
78,296
416,781
452,297
465,152
505,006
492,519
495,077
573,164
552,811
555,210
568,985
642,567
: 598,014
i 577,971
633,892
645,147
720,962
-24,850
-25,160
-78,682
-76,162
-78,395
-357,353
-366,119
-362,655
-358,456
-354,274
-382,203
-391,279
-441,337
-434,618
-432,669
-7,971
-5,769
-9,573
-5,286
-99
87,477
86,108
84,155
74,991
10,561
11,787
12,509
13,206
76,916
74,321
71,646
61,785
a7,215
416,371
414,316
400,686
494,131
490,692
485,962
462,471
659,391
670,857
701,209
726,560
7 a , 640
751,371
775,874
794,483
-82,249
-80,514
-74,665
-67,923
-438,768
-356,519
-357,456
-437,970
-346,238 i -420,903
-345,672
-413,595
8/04/76
8/11/76
8/18/76
8/25/76
81,589
80,123
82,407
82,183
13,467
13,116
14,719
22,572
68,122
67,007
67,688
59,611
401,245
414,034
411,304
401,720
469,367
481,041
478,992
461,331
710,736
690,360
778,669
818,373
784,586
766,408
845,301
890,300
-73,850
-76,048
-66,632
-71,927
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
81,653
78,972
77,079
83,089
83,452
14,117
13,087
10,723
13,293
10,663
408,236
67,536
403,380
65,885
66,356 : 402,700
69,796
402,203
399,807
72,789
475,772
469,265
469,056
471,999
472,596
768,144
767,342
838,632
798,726
815,081
10/06/76
10/31/76
10/20/76
10/27/76
82,544
80,851
80,132
77,872
9,123
9,504
11,404
9,868
73,421
71,347
68,728
68,004
406,165
405,798
406,909
404,912
479,586
477,145
475,637
472,916
760,098
850,247
848,654
832,977
11/03/76
11A0/76
11/17/76
11/24/76
81,508
86,362
89,691
87,076
9,838
9,469
9,619
11,034
71,670
76,893
80,072
76,042
409,495
403,624
406,883
396,301
481,165
480,517
486,955
472,343
837,964
818,276
858,824
862,432
31,022
80,331
81,294
88,688
•
Footnotes at end of Table FCP-X-3*
(12)
:
Section VII - Japanese Yen Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions is/
(In millions of yen)
Worldwide
End
of
month
(7)
143,215
349,115
480,857
354,995
180,233
12,602
1,521,017
1,521,017
133,110
462,225
600,220
487,944
233,943
27,880
1,945,322
1,945,322
10,105
-113,110
-119,363
-132,949
-53,710
-15,278
-424,305
-424,305
-227,067
68,013
384,123
-46,436
-12,263
-102,295
64,075
-5,079
58,996
-231,732
192,171
469,304
107,048
30,585
-88,319
479,057
-4,509
474,548
251,212
336,280
556,604
399,462
215,671
16,052
1,775,281
1,775,281
256,290
423,463
665,209
511,716
304,836
32,148
2,193,662
2,193,662
-5,078
-87,183
-108,605
-112,254
-89,165
-16,096
-418,381
-418,381
-236,810
104,988
360,699
-5,206
-58,580
-104,415
60,676
-4,509
56,167
389,871
224,737
292,093
53,751
29,042
111,659
1,101,153
32,909
1,134,062
-248,876
239,990
451,909
100,912
122,265
334,547
594,576
436,036
121,509
433,780
14,009
-85,587
472,357
-5,034
467,323
822,666
145,416
32,920
27,915
1,628,245
28,814
1,657,059
414,033
258,243
279,211
53,707
28,475
108,942
1,142,611
33,305
1,175,916
166,449
461,281
769,261
165,929
35,380
26,388
1,624,688
29,413
1,654,101
125,445
474,394
767,904
167,862
33,487
26,183
1,595,275
30,530
1,625,805
Liabilities
Net
Bought
(2)
(3)
(4)
173,843
401,608
831,150
153,578
66,139
28,196
1,654,514
26,629
1,681,143
411,015
220,485
327,664
67,065
24,692
115,213
1,166,134
31,708
1,197,842
-237,172
181,123
503,486
86,513
41,447
-87,017
488,380
-5,079
483,301
153,145
446,944
780,248
166,144
55,831
26,175
1,628,487
27,332
1,655,819
384,877
254,773
310,944
59,096
25,246
114,494
1,149,430
31,841
1,181,271
140,995
464,727
744,002
154,663
43,051
26,072
1,573,510
27,875
1,601,385
Demand/spot.............................. .
3 days-1 month.............................
169,898
429,430
(6)
(7)
(8)
(9)
Over 1 y ear................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
(1)
Demand/spot......................... .......
(3)
(4)
(5)
(6)
Over
Over
Over
Over
(1)
Demand/spot................................
(4)
Over 3 months-6 months....................
(8)
Capital assets, liabilities...............
A s sets19/
(1)
Sept.....
Oct....
Nov.*...
(9)
Summary ((7) + (8))........................
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/snot.................................
3 days-1 month.............................
Over 1 month-3 months................. .
Over 3 months-6 months....................
Over 6 months-1 year................. .
Over 1 ye a r .............................. .
Total of all maturities...................
(1)
(2)
1
3
6
1
month-3 months.................... .
months-6 months........ ...........
months-1 year.......................
y ear....................... .........
Sold
221,677
20,203
1,729,304
72u,63l
509,207
324,662
32,289
2,142,078
-102,985
-12,086
-412,774
1,729,304
2,142,078
-412,774
-248,120
140,757
325,854
27,741
-88,976
-97,673
59,583
-5,034
54,549
-244,135
171,187
116,292
405,921
543,455
91,709
4,445
-81 >027
485,634
-4,491
481,143
558,167
415,273
229,006
23,018
1,747,677
103,781
514,230
698,684
479,506
325,140
28,402
2,149,743
12,511
-108,309
-140,517
-231,624
62,878
402,938
-64,233
-96,134
-5,384
-402,066
1,747,677
2,149,743
-402,066
27,476
-91,689
-86,411
83,568
-4,491
79,077
400,545
299,251
237,392
58,926
33,743
109,476
1,139,333
34,291
1,173,624
-234,096
162,030
531,869
107,003
1>637
-83,088
485,355
-4,878
480,477
149,190
424,244
641,650
312,253
233,541
18,180
1,779,058
1,779,058
121,188
543,986
710,610
427,742
353,781
30,439
2,187,746
2,187,746
28,002
-119,742
-68,960
-115,489
-120,240
-12,259
-408,688
-408,688
-206,094
42,288
462,909
-118,603
-95,347
76,667
-4,878
71,789
372,808
219,731
320,426
60,473
30,842
114,840
1,119,120
36,662
1,155,782
-247,363
254,663
447,478
107,389
2,645
-88,657
476,155
-6,132
470,023
164,947
172,640
487,352
639,644
275,980
274,534
20,539
1,789,664
-
715,525
419,859
390,183
30,925
2,216,484
-
-255,056
181,331
371,597
-36,490
-113,004
-99,043
49,335
-6,132
1,789,664
2,216,484
-7,693
-73,332
-75,881
-143,879
-115,649
-10,386
-426,820
-426,820
-
-
414,020
-
756
-99,233
-126,055
-73,171
-
8,486
43,203
21/
P O S I T I O N S ,
(6)
Foreign exchange contracts 20/
C U R R E N C Y
(5)
Maturity
FOREIGN
Net
Net
overall
position
Balance sheet itemB
Treasury Bulletin
134
_
F O R E I G N
Section
Table
C U R R E N C Y
VIII
FCP-VIII-1.
- Swiss
P O S I T I O N S
Franc
- Nonbanking
Positions
F i r m s ’ Positions
-f
(In millions of Swiss francs)
Forward exchange 8/
Short-term trade
Other
assets 6/
Other
liabil
ities TJ
(1)
(4)
(5)
(6)
(7)
June 1976
June 1976
June 1976
1,792
646r
2,438r
1,726
2,463r
4,l89r
1,874
127
2,001
1,120
453
1,573
4,741
683
5,424
5,9 86
4,751r
10,737r
205
1,064
1,269
157
669
826
July 1976
Aug. 1976
558r
579
2,324r
2,141
124
97
412
373
6*4
635
4,681r
4,573
1,247
961
699
630
Sept. 1976
Sept. 1976
Sept. 1976
Liquid
assets 2/
Receiv
ables 4/
(3) ~
Pay
ables 5/
Sold
Bought
(8)
-5,552r
2.4746
2.4771
2.4459
2.4459
2.4459
United States
United States
Abroad
United States
Worldwide
2.4325
2.4456
United States
United States
1,923
93
2,016
1,138
385
1,523
4,344
701
5,045
5,921
4,258
10,179
274
677
951
133
540
673
581
575
1,811
1,743
98
81
363
292
690
687
4,181
4,141
591
620
562
499
-4,957
-4,712
FCP-VIII-2.
- Weekly
Positions
(10)
Abroad
United States
Worldwide
1,469
1,951
3,420
B a n k
Positions
held b y
offices in:
2.4679
2.4679
2.4679
1,814
568
2,382
Table
rate 10/
-377
-5,816r
-6;i93?*
-5,416
-306
-5,095
-5,401
Oct. 1976
Nov. 1976
Ex
change
Net
position
9/
(9)
Short
term
debt 3/
(2)
Position
at end
of month
11/
(In millions of Swiss francs)
Assets and
Net
Foreign
branch
net
World
wide
net
(5)
Date
Assets
Liabilities
Exchange contracts
liabilitiesl2/
Banks in U.S.
Banks in U.S.
Bought
Sold
Net
(7)
(8)
(9)
(1)
(2)
(3)
(4)
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
423
505
490
569
559
390
351
475
489
487
23
154
15
80
72
2,747
2,647
2,898
2,982
3,219
2,780
2,801
2,913
3,062
3,291
12,549
12,960
13,173
12,580
12,744
12,865
13,604
13,350
12,995
13,026
7/07/76
7/14/76
7/21/76
7/28/76
558
529
569
534
510
418
457
520
48
111
112
14
2,967
2,935
3,014
3,008
3,015
3,046
3,126
3,022
12,882
13,268
12,675
13,527
8/04/76
8/11/76
8/18/76
8/25/76
551
552
408
566
448
442
379
610
103
110
29
- 44
3,025
3,295
3,219
2,819
3,128
3,405
3,248
2,775
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
607
587
618
585
649
428
470
327
361
395
179
117
291
224
254
3,341
2,813
3,465
3,459
2,846
10/06/76
10/13/76
10/20/76
10/27/76
617
618
614
637
310
321
322
325
307
297
292
312
11/03/76
11/10/76
11/17/76
11/24/76
643
680
698
700
340
334
380
357
303
346
318
343
Footnotes at end of Table FCP-X-3.
(6)
13/
Foreign
branch
net
-316
Net
World
wide
net
10)
(
United
States
14/
position
Foreign
branch
World
wide
16/
Exchange
rate ^
W
(11)
(12)
(13)
(14)
-182
-294
116
-215
-190
2.4018
2.4988
2.4713
2.4845
2.4679
-177
-415
-282
-2,646
-2,451
-2,620
-2,862
-3,199
-2,962
-3,095
-2,797
-3,277
-3,481
-283
-490
-162
-335
-210
101
196
278
120
20
13,087
13,596
13,053
13,864
-205
-328
-378
-337
-3,101
-2,969
-2,966
-3,008
-3,306
-3,297
-3,344
-3,345
-157
-217
-266
-323
-134
-34
48
-291
-251
-218
-323
2.4783
2.4839
2.4913
2.4938
13,796
13,649
12,796
12,642
14,083
14,053
13,042
12,817
-287
-404
-246
-175
-3,086
-3,317
-3,322
-2,909
-3,373
-3,721
-3,568
-3,084
-I
-294
-217
-219
-61
-22
-103
-90
-245
-316
-320
-309
2.4752
2.4891
2.4707
2.4774
3,520
2,930
3,756
3,683
3,100
12,157
12,447
11,510
12,414
12,294
12,530
12,783
12,044
12,886
12,779
-373
-336
-534
-472
-485
-3,338
-2,804
-3,353
-3,366
-2,685
-3,711
-3,140
-3,887
-3,838
-3,170
-194
-219
-243
-248
-231
3
9
112
93
161
-191
-210
-131
-155
-70
2.4710
2.4808
2.4701
2.4691
2.4558
4,603
3,028
2,974
2,677
4,910
3,325
3,266
2,989
12,208
11,475
12,300
12,717
12,447
11,688
12,469
13,036
-239
-213
-169
-319
-4,329
-2,744
-2,540
-2,211
-4,568
-2,957
-2,709
-2,530
68
123
-7
274
284
434
466
342
368
557
459
2.4456
2.4438
2.4456
2.4328
2,777
2,198
2,298
2,293
3,080
2,544
2,616
2,636
11,356
11,707
11,023
12,312
11,644
12,082
11,413
12,672
-288
-375
-390
-360
-2,437
-1,825
-1,929
-1,799
-2,725
-2,200
-2,319
-2,159
15
-29
-72
-17
340
373
369
494
355
344
297
477
2.4358
2.4384
2.4459
2.4444
—
644
84
84
Section VIII - Swiss Franc Positions
&
Table FCP-VIII-3. - Consolidated Monthly Bank Positions is/
(In millions of Swiss francs)
End
of
month
Balance sheet items
Maturity
Assets 19/
(1)
1976-June.
July.
Aug.
Sept.
Nov.
Liabilities
(2)
v o
Foreign exchange contracts^)/
Net
(3)
Bought
(4)
Sold
Net
(5)
(6)
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot.................
3 days-1 mon t h ..............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 y e a r.................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
1,032
3,205
4,120
3,733
1,423
1,360
14,873
215
15,088
1,239
3,259
3,077
2,484
916
599
11,574
491
12,065
-207
-54
1,043
1,249
507
761
3,299
-276
3,023
5,147
5,071
7,192
4,822
4,207
1,441
27.880
4,675
6,891
8,588
5,321
4,278
1,601
31.354
472
-1,820
-1,396
-499
-71
-160
-3,474
27.880
31.354
-3,474
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot.................
3 days-1 m o nth..............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year........
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
1,168
3,049
4,642
4,002
1.329
1,364
15,554
240
15,794
1,236
3,351
3,722
-68
-302
920
5,762
5,748
7,619
5,463
7,619
9,000
5,545
4^378
613
12,211
494
12,705
751
3,343
-254
3,089
1,643
30.695
5,951
4,499
1,829
34.361
299
-1,871
-1,381
—406
-121
-186
-3,666
30.695
34.361
-3,666
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot................ .
3 days-1 month............. .
Over 1 month-3 months..... .
Over 3 months-6 months.... .
Over 6 months-1 year...... .
Over 1 y e a r ................ ,
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8)).........
983
3,466
4.330
3,826
1,326
1,370
15,301
249
15,550
1,124
3,956
3,122
2,170
831
628
11,831
501
12,332
-141
-490
1,208
1,656
495
74 2
3,470
-252
3,218
3,404
5,827
6,124
5,108
3,544
1,636
25.643
1
25.644
2,862
7,685
7,540
5,809
3,804
1,834
29.534
1
29.535
542
-1,858
-1,416
-701
-260
-198
-3,891
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot................ .
3 days-1 m on t h ............. .
Over 1 month-3 months..... .
Over 3 months-6 months.... .
Over 6 months-1 y ear...... .
Over 1 y e a r ............... .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8)).........
1,157
3,502
4,067
4,018
1,325
1,397
15.466
246
15,712
1,250
3,462
3,456
2,271
937
695
12,071
485
12,556
-93
40
611
1,747
388
702
3,395
-239
3,156
4,388
4,460
7,016
5,262
3,373
1,786
26.285
3,902
6,741
7,483
5,731
3,661
1,906
29.424
486
-2,281
-467
-469
-288
-120
-3,139
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/spot................ .
3 days-1 month ............. .
Over 1 month-3 months.......
Over 3 months-6 months.... .
Over 6 months-1 year...... .
Over 1 y e a r ................ .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8)).........
967
3,284
4,401
3,958
1,221
1,393
15,224
243
15.467
1,167
3,640
3,736
2,358
901
726
12,528
488
13,016
-200
-356
665
1,600
320
667
2,696
-245
2,451
1)
2)
3)
4)
5)
6)
7)
8)
9)
Demand/ spot................ .
3 days-1 month ............. .
Over 1 month-3 months..... .
Over 3 months-6 months.... .
Over 6 months-1 year...... .
Over 1 y e a r ................ .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8)).........
1,012
3,279
4,439
4,065
1,451
1,207
15,453
226
15,679
1,229
3,924
3,609
2,268
1,018
714
12,762
490
13,252
-217
-645
830
1,797
433
493
2,691
-264
2,427
2*i!
l ’®
-3,891
26.285
29.424
-3,139
3,219
5,685
6,738
4,784
3,540
1,809
25.775
2,841
6,423
7,482
5,545
3,736
1,928
27.955
378
-738
-744
-761
-196
-119
-2,180
25.775
27.955
-2,180
3,746
5,793
5,782
5,550
2,893
1,879
25.643
3,262
6,312
7,121
6,262
3,024
2,145
28,126
484
-519
-1,339
-712
-131
-266
-2,483
25.643
28,126
-2,483
Net
overall
position 21/
(7)
“
265
-1,874
-353
750
436
601
-175
-276
-451
231
-2,173
-461
1,128
387
565
-323
-254
-577
401
-2,348
-208
955
235
544
-421
-252
-673
393
-2,241
144
1,278
100
582
256
-239
17
178
-1,094
-79
839
124
548
516
-245
271
267
-1,164
-509
1,085
302
227
208
-264
-56
£
I
o
c
g
§
o
CO
o
GO
Treasury Bulletin
136
FOREIGN CURRENCY POSITIONS
Section IX - Sterling Positions
Table FCP-IX-1. - Nonbanking Firms* Positions (In millions of pounds)
Liquid
assets If
Position
at end
of month
Short
t erm
debt
4
2
1
( )
( )
m
3/
Shortr-term trade
Receiv
RayablesS/
ables
/
(3)
55
918
July 1976
Aug. 197o
61
62
59
52
293
305
300
317
987
58
1,045
1,822
3,314
1,932
3,576
2,607
295
2,902
Sept. 1976
Sept. 1976
Sept. 1976
Oct.
Nor.
1976
1976
63
1,636
110
3,399r
243r
3,642
262
110
111
56
52
:
3,269r
275
3,544r
Table
Sold
Net
position
Ex
change
rate
10/
H
6
( )
4*366
300
8
(7)
( )
Positions
held by
offices in:
10)
(9)
(
202
678
880
280
843
1,123
491r
-151r
340r
1.7875
1.7875
1.7875
674
799
819
936
-107r
-104
1.7852
1.7788
United States
United States
207
874
1,081
370
862
851
5,122
3,673
234
3,907
1.6660
1.6660
1.6660
Abroad
United States
Worldwide
306
313
351
338
980
924
1.5895
1.6550
United States
United States
3,217
246
r
3,463r
4,666
243r
246
4,815
307
325
Bought
7
y
285r
281
306
250
286
Forward exchange 8/
Other
liabil
ities /
(5)
(4)
June 1976
June 1976
June 1976
l,573r
r
Other
assets
FCP-tX-2.
- Weekly
B a n k
j
-
1,232
851
1,019
1,033
-194
-232
Abroad
United States
Worldwide
Positions W
(In millions of pounds)
Assets and liabilities 12/
Banks in U.S.
Date
Assets
Liabilities
Net
1
( )
2
(3)
( )
6/02/76
6/09/76
37
38
36
6/16/76
6/23/16
6/30/76
7/07/76
7/14/76
7/21/76
7/28/76
8/04/76
1
16
15
22
18
21
23
14
21
39
37
!4
23
46
36
38
31
17
15
16
24
29
8
21
22
7
Foreign
branch
net
(4)
Exchange contracts 13/
World
wide
net
(5)
-17
-94
-124
-124
-207
-110
! -144
-51
-192
-235
34
-201
14
17
40
-162
-85
Banks in U.S.
Bought
6
( )
-32
-52
161
189
190
239
5,351
5,553
5,443
5,478
-40
-61
-43
-31
194
97
224
291
5,274
: 5,317
: 5,240
-49
-67
-72
-115
-30
-170
-228
5,311
5,492
5,400
5,447
-167
5,225
5,250
5,168
34
-119
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
55
53
49
51
51
11
14
19
22
27
44
39
30
29
24
-204
-154
-198
-189
: -198
-160
-115
-168
-160
10/06/76
10/13/76
10/20/76
10/27/76
59
61
62
72
21
23
17
30
38
38
45
42
-227
-204
-217
-215
-189
-166
-172
-173
11/03/76
82
-199
5,891
67
62
64
59
37
36
49
-258
11/10/76
11/17/76
11/24/76
23
30
26
15
-256
-119
-158
-219
-83
-1 0 9
6,384
6,486
6,456
Footnotes at end of Table FCP-X-3.
(9)
101
-103
-184
8/11/76
8/18/76
8/25/76
22
8
(7)
i 4,969
5,235
5,322
5,122
5,309
-71
-140
-45
-85
-174
Net
-74
j
: 4,895
5,213
5,324
5,090
5,257
42
38
54
51
16
! Sold
|
Net position
Foreign : World
wide
branch
: net
net
( )
-22
2
:
!
10)
(
27
139
191
158
187
i United
1 States
14/
Foreign
braneh
15/
( )
World
wide.
/
1
16
-11
84
67
65
31
-29
32
-53
66
-11
-21
(13)
Exchange
rate
(14)
68
1.7300
1.7705
1.7780
1.7735
1.7875
39
81
55
3
-24
50
46
32
56
32
1.8029
1.7784
1.7860
1.7891
-15
-45
-32
31
32
52
16
-13
20
1.7945
1.7909
1.7817
181
154
36
-40
260
194
137
183
127
65
232
12
(ID
16
6
11
5,290
5,359
- 69
133
64
-35
14
-21
1.7709
5,220
5,305
5,578
5,528
5,929
5,326
5,422
5,686
5,640
6,034
-106
-117
-108
-112
-105
196
177
163
161
176
90
60
55
49
71
-62
-78
-78
-83
-81
-8
23
-35
-28
-22
-70
-55
-113
-111
-103
1.7755
1.7716
1.7355
1.7155
1.6668
5,989
: 5,664
: 5,886
6,118
5,777
: 5,992
6,443
-129
-113
-106
-149
209
206
222
225
80
93
116
76
-91
-75
-61
-107
-18
2
5
10
: -109
-73
-56
-97
1.6530
1.6554
1.6530
1.5793
6,070
-179
-120
1
-104
-94
-86
259
255
134
173
80
151
40
87
-67
-58
-37
-1
15
15
-119
-6 8
6,580
6,542
1.6125
1.6317
1.6610
1.6475
6,294
6,488
:
:
-43
-22
Section IX - Sterling Positions
Table FCP-IX-3. - Consolidated Monthly Bank Positions is/
(In millions of pounds)
<3
vo
End
of
month
Balance sheet items
Maturity
Assets 19/
(1)
1976-June.
July.
Aug.
$
Sept.
Nov.
Liabilities
(2)
Foreign exchange contracts 20/
Net
(3)
Net
(6)
(4)
(5)
1,902
3,417
4,222
2,875
1,680
260
14.356
86
134
126
-109
6
-49
194
14.550
14.356
194
1,949
3,347
4,459
2,829
1,595
222
14.401
1.892
3,182
4,279
3,006
1,603
277
14.239
57
165
180
-177
-8
-55
162
14.401
14.239
162
1,611
3,815
3,771
2,915
1,687
236
14.035
1,675
3,583
3,844
3,052
1,578
287
14.019
-64
232
-73
-137
109
-51
16
14.035
14.019
16
2,464
3,490
4,405
3,428
1,499
307
15.593
2,464
3,284
4,321
3,509
1,560
363
15.501
15.593
15.501
92
324
-825
-117
-13
24
498
-109
15
-94
1,819
4,628
5,177
4,025
1,483
368
17.500
1.892
4,422
5,074
4,081
1,593
397
17.459
-73
206
103
-56
-110
-29
41
17.500
17.459
41
211
-725
-121
-15
-1
506
-145
10
-135
1,622
4,261
5,031
4,559
1,584
412
17.469
1,656
4,062
5,041
4,515
1,617
473
17.364
-34
199
-10
44
-33
-61
105
17.469
17.364
105
1,356
1,090
1,035
559
418
632
5,090
222r
5,312r
1,245
1,859
1.034
483
401
257
5,279
196
5.475
26r
-163r
Demand/spot.. ^..............
3 days-1 m onth..............
Over 1 month -3 months.....
Over 3 months-6 months.....
Over 6 months-1 year........
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
1,418
1,003
1,027
612
342
665
5.067
246
5,313
1,374
1,754
1,001
571
304
255
5,259
216
5.475
44
-751
26
41
38
410
-192
30
-162
Demand/spot..................
3 days-1 month ..............
Over 1 month-3 months.......
Over 3 months-6 months.....
Over 6 months-1 year........
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
1,340
1,174
1.068
558
286
710
5,136
257
5,393
1,311
1,847
1.034
553
291
201
5,237
237
5,474
29
-673
34
5
-5
509
-101
20
-81
Demand/spot.................
3 2ays-l month ..............
Over 1 month-3 months..... .
Over 3 months-6 months.....
Over 6 months-1 y ear........
Over 1 y e a r .................
Total of all maturities.....
Capital assets, liabilities.
Summary ((7) + (8)).........
1,496
1,193
1,094
614
306
700
5,403
277
5,680
1,321
2,088
1,069
617
273
202
5,570
264
5,834
175
-895
25
-3
33
498
-167
13
-154
Demand/ spot.................
3 days-1 month..............
Over 1 month-3 months.......
Over 3 months-6 months.....
Over 6 months-1 ye a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
1,760
1,504
1,264
590
291
732
6,141
298
6,439
1,436
2,329
1,381
603
267
234
6,250
283
6,533
Demand/spot.................
3 days-1 month ...... .......
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year........
Over 1 y e a r . .................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
1,709
1,274
1,498
1,999
1,443
633
294
206
6,073
313
6,386
618
293
712
5,928
323
6,251
Sold
1,988
3,551
4,348
2,766
1,686
211
14.550
111
Demand/spot.... ............
3 days-1 m onth..............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year........
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8)).........
1,322
Bought
-769
1
76
17
375
-189
206
84
-81
-61
-56
92
Net
overall
position 21/
(7)
197
-635
127
-33
23
326
5
26r
31r
101
-586
206
-136
30
355
-30
30
bej
0
8
§
§
13
9
t-H
-35
-441
-39
-132
104
458
-85
20
-65
175
-689
109
-84
-28
442
-75
13
-62
251
-619
-14
-69
-86
469
-68
15
-53
177
-526
-131
29
-34
445
-40
10
-30
3
11
—«
i
GO
138
T r e a s u r y B u lle tin
ffORF.TftN
Section
Table
FCP-X-1.
X
C U R R E N C Y
- United
States
- Nonbanking
p n a m n M g
Dollar
Positions
F i r m s ’ Foreign
Abroad
Subsidiaries’ Positions
1/
(In millions of United States dollars)
Forward exchange 8/
Short-term trade
Position
at end
of month
Liquid
assets 2/
Short
term
debt 2J
Sept.
1976
5/
Other
liabili
ties 2 /
(5)
(3)
3,800
8,308
13,020r
17,221r
21,625r
4,498
3,998
8,517
12,975
18,335
21,838
Table
(4)
FCP-X-2.
- Weekly
B a n k
Foreign
Bought
Sold
(7)
(8)
(6)
(2)
4,406
(1)
June 1976
Pay
ables
Receiv
ables ij
Other
assets 6/
Office
2,094?
2,596
Positions
(9)
912
-7,328r
1,350
-6,215
n/
(In millions of United States dollars)
Date
Net
assets and
liabilities 12/
Net
exchange
contracts
13/
Net
position
(1)
(2)
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
-3,764
-3,794
-3,766
-3,759
-3,996
3,818
3,740
3,646
3,676
3,989
54
-54
-120
-83
-7
7/07/76
7/14/76
7/21/76
7/28/76
-3,872
-3,581
-3,547
-3,346
3,914
3,553
3,585
3,409
42
-28
38
63
8/04/76
8/11/76
8A8/76
8/25/76
-3,720
-3,858
-3,919
-3,693
3,407
3,640
3,940
3,850
-313
-218
21
157
9/01/76
9/08/76
9/15/76
9/22/76
9/29/76
-3,800
-3,942
-3,927
-3,814
-3,521
3,632
3,647
3,637
3,716
3,549
-168
-295
-290
-98
28
10/06/76
10A3/76
10/20/76
10/27/76
-3,894
-4,029
-3,684
-3,638
3,670
3,677
3,586
3,415
-224
-352
-98
-223
11/03/76
11/10/76
11A7/76
11/24/76
-3,533
-3,007
-3,300
-3,183
3,352
2,886
3,304
3,268
-181
-121
4
85
Footnotes at end of Table FCP-X-3.
—
Net
position 2 /
(3)
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - Monthly Bank Foreign Office Positions is/
(In millions of United States dollars)
Worldwide
End
Maturitymonth
Assets 19/
(1)
Capital assets, liabilities...............
(1)
(2)
(3)
A u g ........
O c t........
(3)
Bought
(4)
Net
(6)
Sold
(5)
(7)
%
14,516
27,531
34,724
25,946
7,481
8,460
118,658
264
118,922
22,969
34,713
33,661
19,926
6,736
4,425
122,430
405
122,835
-8,453
-7,182
1,063
6,020
745
4,035
-3,772
-141
-3,913
7,151
13,859
15,360
10,073
5,989
1,151
53,583
53,583
7,388
12,315
14,149
9,298
5,859
631
49,640
49,640
-237
1,544
1,211
775
130
520
3,943
3,943
-8,690
-5,638
2,274
6,795
875
4,555
171
-141
30
15,312
24,904
21,643
35,609
-6,331
-10,705
7,632
12,800
7,406
11,735
226
1,065
-6,105
-9,640
14,324
9,996
5,748
1,241
51,741
13,703
9,066
5,428
715
48,053
_
621
3,359
930
320
526
3,688
6,943
1,171
4,660
388
-116
272
-8,517
-7,935
2,670
7,591
1,450
4,692
-49
-156
-205
36,781
34,043
2,738
(5)
(6J
(7)
(8)
(9)
Over 3 months-6 months.....................
Over 6 months-1 year.......................
Over 1 y e a r ................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
25,052
7,498
8,896
118,443
275
118,718
19,039
6,647
4,762
121,743
391
122,134
6,013
851
4,134
-3,300
-116
-3,416
51,741
48,053
3,688
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................................
3 days-1 month.............................
Over 1 month-3 months......................
Over 3 months-6 months....................
Over 6 months-1 ye a r ........... ...........
Over 1 year.................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
15,^14
27,042
37,601
24,403
7,305
8,858
120,623
284
120,907
23,741
35,652
36,173
17,841
6,169
4,693
124,269
440
124,709
-8,327
-8,610
1,428
6,562
1,136
4,165
-3,646
-156
-3,802
6,655
14,191
14,657
10,731
6,173
1,205
53,612
53,612
6,845
13,516
13,415
9,702
5,859
678
50,015
-
-190
675
1,242
1,029
314
527
3,597
_
50,015
3,597
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................................
3 days-1 month .............................
Over 1 month-3 months......................
Over 3 months-6 months....................
Over 6 months-1 y ear ......................
Over 1 y e a r ................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
16,743
29,003
38,018
26,136
7,046
8,670
125,616
296
125,912
26,720
36,600
36,993
18,056
6,106
4,748
129,223
426
129,649
-9,977
-7,597
1,025
8,080
940
3,922
-3,607
-130
-3,737
8,559
16,355
17,238
13,836
7,157
1,229
64,374
-
8,650
15,427
16,636
12,810
6,364
836
60,723
-
-91
928
602
1,026
793
393
3,651
_
64,374
60,723
3,651
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot................................
3 days-1 month....................... ......
Over 1 month-3 months......................
Over 3 months-6 months....................
Over 6 months-1 y e a r .......................
Over 1 year................................
Total of all maturities...................
Capital assets, liabilities...............
15,914
31,031
38,219
26,034
7,156
9,270
127,624
299
127,923
24,379
37,874
37,566
19,242
6,534
5,230
130,825
469
131,294
-8,465
-6,843
653
6,792
622
4,040
-3,201
-170
-3,371
6,492
15,359
16,639
12,643
6,149
1,233
58,515
58,515
6,495
15,049
15,842
11,500
5,523
798
55,207
-
-3
310
797
1,143
626
435
3,308
_
55,207
3,308
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot............ ........... ........
3 days-1 month.............................
Over 1 month-3 months.....................
Over 3 months-6 months....................
Over 6 months-1 ye a r ................. .
Over 1 y e a r ................................
Total of all maturities...................
Capital assets, liabilities...............
Summary ((7) + (8))........................
16,960
23,373
37,913
27,223
7,548
9,384
127,401
318
127,719
27,526
36,286
34,559
20,055
6,904
5,164
130,494
500
130,994
-10,566
-7,913
3,354
7,168
644
4,220
-3,093
-182
-3,275
5,760
13,801
15,691
12,758
6,525
1,133
55,668
5,866
13,623
14,232
11,698
5,736
812
51,967
-106
178
1,459
1,060
789
321
3,701
55,668
51,967
3,701
'
-
-
-10,068
-6,669
1,627
9,106
1,733
4,315
44
-130
-86
-8,468
-6,533
1,450
7,935
1,248
4,475
107
-170
-63
-10,672
-7,735
4,813
8,228
1,433
4,541
608
-182
426
P O S I T I O N S
Sept.......
Net
(2)
C U R R E N C Y
(4)
(5)
(6)
(7)
(8)
(9)
Over 1 month-3 months......................
Liabilities
Net
overall
position 21/
F O R EIGN
(1)
(2)
(3)
Foreign exchange contracts 20/
Balance sheet items
Treasury Bulletin
140
. F O R E I G N
C U R R E N C Y
P O S I T I O N S .
SECTION I
1/
Worldwide net positions on the last business day o f the
6/
All current assets other than liquid assets and short
calendar quarter o f nonbanking business concerns in the
term trade receivables, and financial assets maturing in
United States and their foreign branches and majority-
more
owned
intracompany accounts,
partnerships
and
subsidiaries.
Excludes
than
one
year
from
the
report
inventories,
date.
receivables and installment paper which have been sold
term trade receivables,
or
and stocks, bonds, and other securities.
discounted
before maturity,
U.S.
parent
companies*
(plant
fixed
majority-owned foreign subsidiaries
(plant
and
equipment)
and
capitalized
equipment)
long
long-term intracompany claims,
investment in their majority-owned foreign subsidiaries,
assets
and
Includes
prepayments,
and
parentsr
Fixed assets
investment
in
are excluded.
leases for plant and equipment.
7/
2/
Foreign
branches
and
majority-owned
partnerships
All financial liabilities other than short-term debt and
short-term trade payables? includes long-term trade pay
and
ables; intracompany liabilities,
subsidiaries only.
liabilities
3/
Weekly
worldwide
institutions
branches
in
net
positions
the United
and
of
States,
majority-owned
maturing
and
banking
report date.
and their
foreign
excluded.
banks
foreign
in
more
accrued expenses,
than
one
year
from
and
the
Capitalized plant and equipment leases are
subsidiaries.
8/
Excludes capital assets and liabilities.
Outstanding amounts o f foreign exchange which have been
contracted
V
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net posit ions including capital assets
to be received o r delivered m
the future.
Excludes spot exchange.
9/
Columns
(1),(3),C5),
and (7) less columns (2),(4),(6),
and (8).
and liabilities on the last business day o f the month o f
banks and banking institutions in the United States and
10/
Representative
rates
on
the
report
date.
Canadian
their foreign branches and majority-owned subsidiaries.
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit o f foreign currency, all others in
6/
Foreign branches and majoriby-owned subsidiaries only.
foreign units per U.S. dollar.
SECTIONS II THROUGH X
11/
Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
1/
Positions o f nonbanking business concerns in the United
In section X, foreign branches and majority-owned sub
States
sidiaries only.
and
their
foreign
branches
partnerships and subsidiaries.
and
majority-owned
In section X, positions
12/
Excludes capital assets and liabilities.
13/
Includes both spot and forward exchange contracts.
14/
S u b .o f columns (3) aid (8).
15/
Sum o f columns (4) and (9).
16/
Sum o f columns (5) and (10).
17/
See footnote 10.
18/
See footnote 11.
o f foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Includes unsettled spot foreign exchange purchase con
tracts,
aa
well
as
currency,
deposits, negotiable and
other
demand
readily
and
time
transferable
financial instruments maturing in one year or less from
the report date,
other
parties
accounts
and intracompany claims and loans to
repayable
receivable,
on
and
demand.
unaccepted
Other
trade
loans,
drafts
are
excluded.
19/
3/
Includes
contracts,
unsettled
spot
intracompany
foreign
exchange
liabilities, other
maturity o r the nearest call date, whichever is earlier,
short-term
and floating-rate loans by time remaining to the nearest
trade payables, short-term borrowings due in one year or
less
interest-fixing date.
from the report date, and the current portion o f
long-term
debt.
Other
loans,
accrued
expenses
and
20/
21/
Due in one year o r less; includes intracompany trade
receivables.
Receivables and installment paper sold or
discounted before maturity are excluded.
5/
Due
in one year or
payables.*
less;
includes intracompany trade
Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
accounts payable are excluded.
4/
Fixed-rate loans are reported by time remaining to final
sales
Sum o f columns (3) and (6)*
r Revised,
141
May 1977
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II - Federal Credit Programs
Table GA-II-1. - Direct Sales and Repurchases of Loans
(In millions of dollars)
Housing and Urban Development Department
Export-Import
Bank of the
United States
Total
Farmers Home
Administration
Fiscal year
or month
Sales
1968
1,070
1,337
2,115
2,548
3,045
6,257
3,903
7,829
...........
1969...........
1 970 ...........
1971 ...........
1972...........
1973 ...........
1974...........
1975 ...........
1976...........
11,666
T . Q ............
2,759
Repur
chases
213
428
842
305
781
330
1,141
1,559
1,281
422
1976-Max........
A p r ........
M a y ........
J u n e .......
1,845
1,397
1,919
1,031
56
144
28
38
J u l y .......
A u g ........
S e p t ....
O c t ........
N o v ........
D e c ........
433
1,716
610
120
1977-Jan........
F e b ........
lifer........
Fiscal 1977
to date .......
1/
*
r
1,142
508
789
75
227
93
75
16
488
Sales
91
379
406
269
248
145
21
21
Repur
chases
261
4
187
20
3
2
160
104
-
-
*
4
28
26
*
50
-
2
-
-
-
320
38
-
-
44
-
-
4,206
754
1,446
1
-
Sales
974
959
1,668
2,005
2,430
3,324
2,172
6,415
4,247
1,070
506
501
314
18
400
450
220
600
14
500
1,158
1
300
2,573
Repur
chases
174
405
569
287
574
284
1,105
1,524
1,148
414
52
91
26
34
73
117
224
93
71
12
484
34
Less than $500,000.
Office of Secretary
-
2,300
1,232
1,501
6,963
1*592
1,339
879
1,493
910
33
1,265
294
540
482
210
288
lr
-
734
1,521
Sales
-
Repur
chases
-
-
6
2
1
*
.
3
3
*
-
_
_
_
_
-
-
-
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
15
_
_
-
_
_
-
_
_
-
•*
*
30
-
-
Repur
chases
Sales
_
_
_
-
_
_
-
_
-
-
Small Business
Administrations
Veterans
Administrat ion
1/
Repur
chases
Sales
39
Includes college housing, elderly housing, and public facility loans.
Revised.
Government
National Mortgage
Association
*
*
_
_
Repur
chases
Sales
2
*
38
2 44
368
488
209
163
294
96
13
84
77
_
96
_
2
12
12
12
19
25
30
32
29
6
3
3
2
3
2
2
2
4
*
_
79
4
_
-
-
•
_
■
24
17
-
-
-
-
19
4
4
5
-
-
-
-
112
20
-
Treasury Bulletin
142
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
Table
GA-III-1.
- Civil
III - T r u s t
Service
F u n d s
Retirement
and
Disability
F u n d
_______________________________________ (In millions of dollars)_____________________________________________
Receipts
Fiscal year
or month
Total
Agenc i e s 1
contributions
Employees1
contributions
Federal
contributions
Donations, ser
vice credit pay
ments, and other
misc. receipts
Interest and
profits on
investments
1921-67................................
35,122
3,434
3,753
4,683
5,816
6,735
7,604
8,955
11,360
13,099
1,480
9,016
1,318
1,414
1,721
1,890
2,038
2,120
2,277
2,490
2,733
700
15,337
1,318
1,414
1,721
1,890
2,038
2,120
2,277
2,490
2,733
700
4,530
71
72
231
773
1,161
1,760
2,527
4,217
5,136
*
161
18
17
19
30
33
37
36
29
34
8
6,080
709
834
990
1,233
1,464
1,566
1,838
2,136
2,463
71
1977 (Est.)............................
1978 (Est.)............................
16,472
16,482
2,935
2,949
2,935
2,949
7,807
7,367
35
36
2,760
3,182
M a y ...............................
June..............................
443
468
6,751
216
213
250
217
212
250
*
*
5,135
4
3
3
6
40
1,114
454
618
408
*
*
*
*
*
3
3
2
2
3
2
3
65
4
8
42
1,302
*
*
July..............................
A u g ...............................
S e p t ................... . ........
Oct...............................
N o v ...............................
De c . ..............................
576
224
275
201
206
266
1,746
221
224
275
201
206
265
221
562
511
500
278
223
245
278
223
244
-
2
2
2
3
63
8
4,317
1,439
1,438
*
14
1,425
422
F e b ...............................
Fiscal 1977
to date................................
*
Assets, end of period
Fiscal year
or month
1921-67...............................
1968 ..................................
Total expenditures
other than
investments
Net increase, or
decrease (-), in
assets
Total
Investments
Unexpended balance
T .Q....................................
17,244
2,139
2,406
2,752
3,234
3,778
4,523
5,669
7,071
8,284
2,265
17,878
1,296
1,347
1,931
2,581
2,957
3,081
3,286
4,290
4,815
-785
17,878
19,173
20,521
22,452
25,033
27,990
31,071
34,357
38,647
43,461
42,675
17,722
19,001
20,321
22,047
24,727
27,668
30,866
34,331
38,607
43,435
42,665
1977 (Est.)...........................
1978 (Est.)...........................
9,770
11,178
6,702
5,304
49,378
-54,682
49,367
54,671
11
11
1976-Apr..............................
732
754
744
-288
-286
6,008
37,739
37,453
43,461
37,726
37,445
43,435
13
8
26
746
753
766
758
762
760
-292
-135
-358
-336
-186
986
43,169
43,034
42,675
42,340
42,153
43,139
43,147
42,983
42,665
42,333
42,117
43,109
21
51
11
8
36
30
1977-Jan..............................
F e b ..............................
M a r ..............................
762
767
777
-200
-256
-278
42,939
42,683
42,405
42,890
42,661
42,388
49
22
17
Fiscal 1977
to d ate..............................
4;587
-271
42,405
42,388
17
June.............................
A u g ..............................
Oct..............................
N o v ..............................
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Budget estimates are based on the 1978
Budget of the U.S. Government, released January 17, 1977.
*
Less than $500,000.
157
172
199
405
306
322
205
26
40
26
11
May 1977
143
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-2. - Federal Old-Age and Survivors Insurance Trust Fund2/
(In millions of dollars)
Receipts
Fiscal year
or month
Total £/
Appropriations
2/
1937-67.........................
Expenditures other than investments
Deposits by
States 4 /
Net earnings
on investments
Other
Total
5/
Payments to R ail
road Retirement
Accounts 6/
Benefit
payments
170,818
20,627
23,693
27,196
28,849
32,114
37,187
43,465
50,119
52,900
14,259
10,600
2,036
2,260
2,758
3,066
3,596
4,131
4,989
5,898
6,654
1,847
10,076
900
1,013
1,349
1,618
1,718
T . Q ..............................
191,373
23,641
27,348
31,746
33,982
37,916
43,639
50,935
58,763
62,327
16,186
1977 (Est.).....................
1978 (Est.).....................
71,502
77,320
61,233
66,613
7,325
7,932
2,331
614
613
73,233
79,588
70,979
77,015
1,250
1,534
6,087
7,525
5,301
6,071
5,199
4,681
-41
M a y ........................
J u n e .......................
2,301
56
25
987
*
*
*
5,337
5,288
6,585
5,265
5,217
5,274
4,494
4,920
4,845
3,977
4,087
4,302
*
*
*
-*
*
611
5,676
5,702
5,732
5,805
5,914
5,839
5,628
N o v .............. .........
D e c ........................
4,419
7,365
4,402
4,068
6,216
5,606
5,648
5,720
5,806
5,770
_
1,212
_
_
_
-
1977-Jan........................
F e b ........................
M a r ........................
4,801
4,881
7,463
4,609
5,229
5,106
2,176
-513
58
16
*
*
-*
5,879
5,960
5,948
5,816
5,840
5,852
_
_
Fiscal 1977
to da t e .........................
32,763
27,582
3,414
1,156
-610
35,346
34,804
J uly.......................
S e p t .......................
-121
78
382
443
449
488
1,848
2,040
2,296
473
441
450
423
*
2,349
80
2,162
-367
6
-82
2,388
—
460
56
17
37
69
969
54
2,060
-276
-86
6
167,841 2 /
21,624 2 /
24,690
27,320
32,268
35,848
43,623
49,483
56,676
64,296
17,110
160,594
20,737
23,732
26,266
31,101
34,540
42,170
47,847
54,839
62,164
16,874
Construc
tion /
8
1937-67.........................
Reimbursement
to general
fund 2 /
Bureau of
QASI 10/
891
60
59
73
72
78
81
91
83
129
27
3,292
354
403
T . Q ..............................
38
3
7
1
2
7
7
5
2
2
13
1977 (Est.).....................
1978 (Est.).....................
18
20
n.a.
n.a.
n.a.
n.a.
1976-Apr........................
*
*
*
9
9
9
62
61
90
*
*
12
*
*
*
8
8
10
19
15
14
68
66
60
67
93
43
*
_•*
*
23
16
16
38
104
69
1
104
414
J u n e .......................
A u g ........................
S e p t .......................
O c t .................... .
N o v ........................
Dec........................
1977-Jan........................
F e b ........................
M a r ........................
Fiscal 1977
See footnotes following Table GA-III-3.
412
478
504
567
615
745
801
194
Reimbursement to,
or from (-), FDI,
FHI, and FSMI
Trust Funds
-606
32
-4
-13
*
-
-
Assets, end of period
Administrative expenses
Fiscal year
or month
1,212
5,599
Expenditures other than investments - Continued
3,631
438
491
579
613
724
783
909
982
Net increase,
or decrease
(-), in
assets
Total
Investments
y
Other
1
Unexpended
balance
21,780
23,250
26,235
30,121
31,375
33,203
35,501
1,751
2
2
2
2
4
4
8
-15
2
23,532
2,017
2,657
4,426
1,714
2,068
16
1,452
2,086
-1,969
-924
23,531
25,548
28,205
32,631
34,345
36,413
36,429
37,881
39,968
37,999
37,074
37,717
39,892
37,968
37,055
2,298
1,971
2,509
2,970
3,211
928
164
75
31
20
n.a.
n.a.
-1,731
-2,268
35,337
33,069
35,317
33,049
20
20
750
2,237
-1,285
37,046
39,283
37,999
37,006
38,877
37,968
40
407
31
-
-1,257
1,663
-1,330
-1,737
302
-232
36,742
38,405
37,074
35,337
35,639
35,407
36,716
38,065
37,055
35,261
35,091
35,347
26
339
20
76
548
59
10
1
_*
-1,078
1,502
-1,340
34,329
35,831
34,492
34,222
34,257
34,507
107
1,574
-15
22
1
34,492
34,507
-15
-7
11
12
17
3
-
_
-
_
_
-
-
-
-
11
2
-
_
_
-2,583
144
Treasury Bulletin
■
F I N A N C I A L
O P E R A T I O N S
O F
Section
Table
GA-III-3.
G O V E R N M E N T
III - T r u s t
- Federal
A G E N C I E S
A N D
F U N D S
F u n d s
Disability
Insurance
Trust
F u n d
(In millions of dollars)
Receipts
Fiscal year
or month
Total
1/
Appro
priations
2/
Expenditures other than investments
Deposits
b y States
2/
Interest
and pro
fits on
invest
ments
Other
Total
U
Benefit
payments
1957-6?...............
1968..*............ .
1969 ...................
1970 ...................
1971...................
1972 ........... .......
1973...................
1974 ...................
1975 ...................
1976..................
T . Q ....................
12,992 2 /
2,800
3,705
4,380
4,910
5,291
5,946
6,768
7,920
8,355
2,172
11,500
2,496
3,195
3,770
4,124
4,363
4,911
5,602
6,580
6,958
1,873
888
203
337
371
446
490
500
633
776
839
286
559
84
141
223
325
388
435
479
512
467
13
45
17
32
16
15
50
100
54
52
91
*
10,968
2,237 £ /
2,613
2,954
3,606
4,309
5,467
6,384
7,982
9,606
2,653
10,145
2,088
2,443
2,778
3,381
4,046
5,162
6,158
7,631
9,471
2,555
1977 (Est.)...........
1978 (Est.)...........
1976-A p r ........... .
9,502
12,852
821
750
965
8,050
11,198
799
683
618
963
1,263
18
62
146
384
263
3
5
200
103
128
-
11,435
12,786
837
811
882
10,929
12,294
813
791
827
625
726
822
525
569
944
591
647
635
522
538
563
33
70
183
*
1
*
868
886
899
912
848
848
859
886
19
105
9
4
2
11
173
103
779
699
868
38
5
190
1
9
4
2
915
924
935
959
976
874
899
740
685
671
4,383
3,719
358
200
105
5,620
5,383
June. .............
S e pt............ .
Oct...............
N o v ...............
D e c ............. .
1977-Jan..............
F eb ..............
-
-
*
-
894
904
925
Fiscal 1977
to date.......
Assets, end of period
Expenditures other than investments - Cont.
Fiscal year
or month
Payments
to
Railroad
Retirement
Account 5 /
Administrative:
Reimbursement to
Other
SSA
trust
funds 6/
General
fund
640
105
124
138
179
197
233
141
240
249
65
39
6
8
9
10
12
12
13
12
17
4
1957-67...............
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1975...................
1976...................
135
20
21
10
13
24
20
22
29
26
-
1977 (Est.)...........
1978 (Est.)...........
38
43
1976-A p r ..............
M a y ..............
June.............
26
22
19
27
-
23
21
21
24
26
Dec..............
-
23
1977-Jan..............
F eb ..............
M a r ........ ......
-
Ju l y .............
S e p t .............
O c t ...............
Fiscal 1977
to date.... ........
Footnotes on following page.
_
-
_
Net
in
crease,
or de
crease
(-), in
assets
Total
Invest
ments
Un
expended
balance
2/
9
18
17
19
23
30
40
50
70
-157
29
2,024
564
1,092
1,426
1,305
982
479
384
-62
-1,251
—481
2,024
2,587
3,679
5,105
6,410
7,392
7,871
8,255
8,193
6,941
6,460
1,835
2,351
3,492
4,835
6,078
7,012
7,803
8,195
8,158
6,931
6,453
189
236
187
270
332
380
68
60
35
10
7
88
79
-1,933
66
4,527
4,593
4,517
4,583
10
10
1
1
2
-
-17
-62
83
6,920
6,859
6,941
6,917
6,834
6,931
3
24
10
1
1
2
3
2
2
-5
16
18
-243
-161
-77
-387
-347
20
6,698
6,538
6,460
6,073
5,726
6,677
6,525
6,453
6,073
5,725
5,752
21
13
7
-■*
2
5,591
5,331
5,223
5,569
5,328
5,225
3
-2
5,223
5,225
-2
380
3 70
-
13
-
27
38
50
4
2
2
14
-2
-156
-260
-108
188
15
34
-1,237
10
5,747
«
-6
22
145
May 1977
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
I II - T r u s t
Funds
Footnotes
Table
GA-III-3.
SOUr2!;+0^ 0p thly TreJs'“ y Statement of Receipts and Outlays of the United
+J TTScGoJ ernment• Budget estimates are based on the 1978 Budget of
tne U.S. Government, released January 17, 1977.
1/
2/
2/
4/
y
Includes payments foi milixdry tervice credits as follows:
$16 mil
lion for each FY 1967, FY 1968, $32 million F Y 1969, $16 million for
each F Y 1970, 1971, $50 million FY 1972, $51 million FY 1973, $52 milltor
and $3 million for interest on reimbursement of administrative and
vocal rehabilitation expenses FY 1974, $52 million militaiy service
credits for F Y 1975. FiSCal Year 1976 includes $90 million for
military service crecixwa.
Includes unappropriated receipts from January 1962 to June 1965.
To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
Includes payment for Vocational Rehabilitation Service beginning
FY 1966 and construction and equipment of buildings beginning FY 1967.
Table
2/
8/
GA-III-2.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1978 Budget of
the U.S. Government, released January 17, 1977.
1/
2/
include^ transactions under the predecessor Old-Age Reberve Account.
Total includes:
$15 million transferred from general fund for ad
ministrative and other costs of benefits payable to survivors of
certain World War II veterans (60 Stat. 979 and
Stat. 512); $35
million (1937-59), paid from the Railroad Retirement Accounts; beginning November 1951, small amounts m the nature of recoveries from
expenditures incidental to the operations; beginning 1958, interest
payments from Federal Disability Insurance Trust Fund and sale of
waste paper; $78 million for each FY 1967 and 1968, $156 million FY
1969, $78 million for each FY 1970 and FY 1971, $137 million FY 1972,
$138 million FY 1973 and $139 million FY 1974 for military service
credits; and $226 million for FY 1969, $364 million for FY 1970, $371
million FY 1971, $351 million for FY 1972, $337 million F Y 1973 and
$303 million FY 1974 for benefits for the aged.
Fiscal year 1975
includes $140 million for military service credits and $307 million
for special benefits for the aged. Fiscal Year 1976 includes $157 million
for military service credits and $268 million for special benefits
for the aged •
Includes unappropriated receipts from January 1962 to June 1965.
To cover employees of States and their political subdivisions, under
64
2/
ij
Transition Quarter includes $27 million for vocational rehabilitation
services and $2 million for construction of buildings.
Payments are made between the Railroad Retirement Account and
Federal Old-Age and survivors and Federal disability so as to place
those funds in the position in which they would have been if railroad
employment after 1936 had been included in social security coverage
(45 U.S.C. 228 e (k)).
For appropriate share of administrative expenses, including interest,
paid from the trust fund during the preceding fiscal y ear as deter
mined by the Secretary of Health, Education, and Welfare (42 U.S.C.
401 (g) (1)). Beginning July 1966 monthly reimbursements are paid to
the Social Security Administration to cover salaries and expenses
instead of the semi-annual reimbursement to FQASI.
Includes $27 million paid from Railroad Retirement Accounts in F Y I960.
Excludes transactions for investments in non-Federal securities.
Less than $500,000.
a
/
2/
8/
2/
10/
the Social S ecurity Act Amendments of 1950 (42 U.S.C. 418).
Includes payments for vocational rehabilitation services to Federal
Disability Insurance Trust Fund and Social and Rehabilitation Service.
Payments are made between the Railroad Retirement Account and Federal
Old-Age and Survivors and Federal disability so as to place those funds
in the position in w hich they would have been if railroad employment
after 1936 had been included in social security coverage (45 U.S.C. 228c
00).
Excludes transactions for investments in non-Federal securities.
Construction and equipment of office buildings for the Bureau (Public
Law 170, approved July 31, 1953 (67 Stat. 254)).
Under the Social Security Act, as amended (42 U.S.C. 401 (g) (1)),
for administration of Titles II and VII of that act and related
parts of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432).
See also footnote 10.
Salaries and expenses of the Bureau o f Old-Age and Survivors Insur
ance are paid directly from the trust fund beginning 1947, under
provisions of annual appropriations acts until passage of the Social
Security Act Amendments of 1956 (42 U.S.C. 401 (g) (1)); previously
these expenses were included in reimbursements to the general fund.
Beginning July I
payments of salaries and expenses for the Social
Security Administration are charged directly t o each trust fund.
Less than $500,000.
966
*
Treasury Bulletin
146
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-4. - Federal Hospital Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
Total
1/
4,005
3,902
5,344
5,614
6,018
6,031
8,352
11,610
1966-67...............
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1975...................
1976...................
T . Q ....................
12,568r
13j544r
3,5l6r
1977 (Est.)...........
1978 (Est.)...........
15,649
19,671
1976-A p r .............
S e p t ........
O c t .............
D e c .............
Federal
payment
2/
Deposits
b y States
3,345
3,235
3,997
4,340
4,412
4,692
6,938
9,503
10,077
10,718r
338
284
771
628
874
551
429
499
529
658
-
253
279
426
445
486
534
725
1,099
1,214
1,314
448
53
60
96
137
180
188
196
406
608
708
5
16
44
54
64
66
66
64
103
140r
146r
145r
944
726
1,506
1,859
778
864
10
212
-
29
98
229
2
2
359
1
1
1
-
52
109
286
*
2
1
1
2
4
366
2,9l8r
12,412
16,010
1,192
1,152
l,536r
1,161
1,052
947r
980
1,123
l,4l3r
821
875
925
1,012
981r
818
840
l,573r
884r
1977-Jan.............
F e b .............
M a r .............
1,021
1,077
2,145
958
1,063
1,040
Fiscal 1977
to d ate.............
7,512
5,603
-
-
30
141
181
-
Total
Benefit
payments
Adminis
trative
expense
Other
1
1
144r
1
1
2
2
6
803
59
8
297
4
1
1
1
944
575
384
6
E xnenditures other than investments
Fiscal year
or month
Interest
and pro
fits on
investments
Net
Appro
priations
Construc
tion
Net
in
crease,
or de
crease
(-), in
assets
Assets, end of period
Total
Invest
ments
Un
expended
balance
4,758
4,953
5,592
6,276
6,842
8,065
10,612
12,579
3,404
2,50$
3,736
4,654
4,804
5,443
6,109
6,649
7,807
10,355
12,270
3,315
153
79
104
148
149
165
192
258
256
308
88
1
*
1
1
*
*
1
1,343
87
586
661
426
-244
1,510
3,545
l,956r
966r
112r
1,343
1,431
2,017
2,677
3,103
2,859
4,369
7,914
9,870r
10,836r
10,948r
1,298
1,370
2,001
2,653
3,030
2,884
4,222
7,864
9,761
10,942
11,009
45
60
15
24
73
-25
146
49
109r
-106r
-6lr
1977 (Est.)...........
1978 (Est.)...........
15,340
16,449
15,036
16,105
304
344
1
1
308
3,222
11,256
14,478
11,236
14,458
20
20
M a y ..............
1,183
1,061
1,228
1,151
1,036
1,197
32
25
31
-
9
91
308r
10,437r
10,528r
10,836r
10,602
10,479
10,942
-165r
49r
-106r
1,102
1,138
1,163
1,151
1,190
1,271
1,076
1,108
1,132
1,117
1,160
1,248
26
31
32
34
31
23
-122
-15
249r
-330
-315
r
10,7l4r
10;699-
10,706
10,693
11,009
10,616
10,326
10,691
8r
6r
-61r
2r
-23-r
_§6r
1,152
1,158
1,413
1,120
1,134
1,400
32
23
12
*
7,179
155
*
1966-67...............
1968 ...................
1969...................
1970...................
1 971...................
1972...................
1973...................
1974...................
1975...................
1976...................
T . Q ....................
Ju l y .............
S e p t .............
N o v ..............
D e c ...............
1977-Jan..............
F e b ..............
M a r ..............
Fiscal 1977
to date..............
2,&61
3,815 y
7,335
S o urce:
MDnthly Treasury Statement of Receipts and Outlays of thfe
United States Government.
Budget estimates are based on the 1978
Budget of the U.S. Government, released January 17, 1977.
1/ Includes nominal amounts of other receipts.
Includes receipts and
interest from Railroad Retirement Accounts-net settlement of $16
million FY 1967, $44 million FY 1968, $54 million FT 1969,
million FY 1970, $66 million FY 1971, $66 million FY 1972, $63
million.FY 1973, $99 million FY 1974, $127 million FY 1975,
and $131 million FY 1976.
2/ Represents payments for military service credits of $11 million
_
-
_
1
-
302
10,948r
10,6l8r
10,303r
10,605r
-132
-80
732
10,473
10,393
11,125
10,420
11,266
45
-27
-141
177
11,125
11,266
-141
10,428
for each FY 1967 and 1968, $22 million FY 1969, $11 million
for each FY 1970 and 1971, and
million for each 1972,1973,1974, and
and payment for transitional coverage for the uninsured of $327
million F Y 1967, $273 million FY 1968, $749 million FY
, $617
million FY 1970, $863 million FY 1971, $503 million FY 1972, $381
million FY 1973, $451 million FY 1974 and $451 million FY 1975.
FY 1976 includes $610 million for transitional coverage and
million
for military service credits.
Excludes transactions for investments in non-Federal securities.
Less than $500,000.
r
Revised.
$48
1975
1969
$64
$48
2/
*
*
May 1977
■
147
F I N A N C I A L
O P E R A T I O N S
O P
Section
Table
GA-III-5.
- Federal
G O V E R N M E N T
III - T r u s t
Supplementary
A G E N C I E S
A N D
F U N D S
F u n d s
Medical Insurance
Trust
F u n d
(In millions of dollars)
Receipts
Fiscal Year
or month
1967........................
1970........................
1976........................
T. Q ..........................
1977 (Est.).................
1978 (Est.).................
Total 1/
Premiums
1,285
647
698
903
936
1,253
1,340
1,427
1,579
1,750
1,769
492
1,353
1,911
1,876
2,516
2,734
2,902
3,809
4,336
4,980
1,421
Expenditures other than investments
Interest
and pro
fits on
invest
ments
Federal
contri
butions
All
other
634
984
928
1,245
1,365
1,430
2,029
2,330
2,939
878
715
20
23
12
17
29
43
77
104
104
4
-700
1
1
5,051
6,358
623
Total
Benefit
payments
2
124
152
168
46
799
1,532
1,840
2,196
2,283
2,544
2,637
3,283
4,170
5,200
1,401
664
1,390
1,645
1,979
2,035
2,255
2,391
2,874
3,765
4,672
1,269
118
180
201
230
6,433
7,848
1
1
12
15
14
453
427
484
5,926
7,256
407
390
429
447
480
474
473
504
401
437
431
426
452
1
-
1,979
2,144
147
M a y ...................
June..................
7,349
8,912
400
407
396
144
152
238
247
185
July..................
A u g ...................
Sept..................
Oct...................
N o v ...................
D e c ...................
563
579
279
550
576
955
162
168
162
156
164
165
384
394
100
376
393
725
47
16
15
15
16
17
18
544
504
570
567
584
163
164
163
390
383
396
1
4
5
15
16
19
519
486
518
465
455
525
3,802
976
2,664
59
102
3,043
2,827
Fiscal 1977
to date....................
Expenditures other than investments-Continued
Fiscal year
or month
Adminis
trative
expenses
1967.......................
1968.......................
1969.......................
1970.......................
1971.......................
1972.......................
1973.......................
1974.......................
1975.......................
1976.......................
135
H5
195
216
247
287
1977 (Est.)................
504
587
46
38
M a y ...................
June..................
July..................
A u g ...................
245
409
404
528
132
55
46
Construc
tion
1
*
1
1
_•*
*
44
1
1
2
1
2
(-), in
assets
486
-179
71
-321
Total
Invest
ments
486
307
378
57
290
481
746
1,272
1,438
1,219
1,238
47 v
281
358
13
257
478
700
1,231
1,378
1,230
1,244
Un
expended
balance
7
25
20
44
1
233
191
265
526
166
-220
20
2
2
916
1,064
-
-11
-20
-89
2,141
3,205
1,327
1,307
1,219
2,136
3,200
1,345
1,290
1,230
“ if
-12
116
99
-195
77
72
411
1,334
1,433
1,238
1,316
1,388
1,799
1,328
1,424
1,244
1,324
1,397
1,848
6
10
-5
-8
-9
-49
1,849
1,931
1,997
1,854
1,956
2,006
-4
-26
-9
1,997
2,006
-9
-
1
_
Oct...................
N o v ...................
43
43
47
52
40
1977-Jan...................
F e b ...................
M a r ...................
54
30
-7
-
51
82
66
215
*
759
Fiscal 1977
to date....................
Assets, end of period
Net
increase,
or de
crease
-
_
*
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Budget estimates based on the 1978
Budget of the U.S. Government, released January 17, 1977.
1 / Includes $2 million FY 1973, $1 million FY 1974, and $1 million
*
33
3
46
41
60
-12
-5
5
5
FY 1975 for interest on reimbursement of administrative and vocational
rehabilitation expenses.
Premiums collected for the disabled were
$125 million FY 1974, and $151 million FY 1975, and $168 million
FI 1976.
Less than $500,000.
Treasury Bulletin
148
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-ffl-6. - Railroad Retirement Accounts
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
o r month
Total
2/
1963-67......... ........
1968................ .
1969......... ...........
1970....,..,............
1971.*...................
1972.....................
1973*............. .
1974 ........ **..........
1975................ .***
1976 ................... .
1977 (Est.)........ .
1978 (Est.)............ .
................
Sept........... .
Oct.................
Nov.............. .
Dec,.,,....,.......
L977-Jan.«,.............
F eb.................
Mar.................
Fiscal 1977
to date.............
Interest
and pro
fits on
invest
ments
21,014
1,560
1,686
1,823
1,962
2,097
2,356
2,627
2,777
3,260
344
14,573
814
885
919
980
1,008
1,189
1,411
1,489
1,525
328
2,137
178
192
212
247
258
262
3,667
3,928
82
294
1,383
July...............
Appro
priations
2/
From FQASI
and FDI
trust
funds 2 /
All
other
540
110
96
493
92
78
84
87
62
81
9
-
16
103
109
82
103
31
4
250
-
1,860
1,867
235
235
1,319
1,577
250
250
79
203
145
2
-
-
91
-1
1,239
-
-
20
1
-
-
-
254
274
246
21
296
27
276
300
249
283
25
21
287
158
12
2
6
13
91
22
3Q2
163
18
290
162
3
11
1
1,312
938
124
To
Unemploy
ment
Trust
Fund J j
Adminis
trative
All
other
n.a.
n.a.
3,694
3,863
294
379
206
290
376
203
306
312
319
316
302
313
317
307
309
_
-
_
250
_
307
304
308
-
-
-
_
_
_
_
_
-
-
-
313
314
319
308
309
311
-
250
-
1,893
1,852
Assets, end of period
Net
increase,
or de
crease
Invest
ments
Total
Un
expended
balance
2/
4,357
4,427
4,498
4,724
4,695
4,585
4,609
4,549
4,259
4.013
3.353
120
6
9
12
6
5
6
7
7
4,477
4,601
4,692
4,863
4,857
4,755
4,631
4,581
4,275
4.053
3.460
n.a.
n,a.
64
23
3.407
3,429
3,403
3,426
4
4
3
2
2
-212
-84
1,177
2,960
2,875
4.053
2'916
2,801
4.013
44
75
40
4
5
8
8
7
8
-285
-16
-292
-39
-13
-68
3,768
3,752
3.460
3,421
3.408
3,339
3,720
3,682
3.353
3,161
3,381
3,320
48
70
107
260
27
20
5
5
9
-292
-12
-156
3,048
3,035
2.879
3,022
2,988
2.824
26
47
55
41
-581
2.879
2.824
1977 (Est.),
1978 (Est.),
33
33
1976-Apr„..,
May...,
June..,
July..,
Aug...,
S ept..,
Oct...,
Nov...,
D ec...,
1977-Jan...
Feb,..
Mar..,
Fiscal 1977
to date...
-
-
4,477
125
92
170
-6
-102
-124
-51
-305
-223
-592
-31
-1
618
35
47
45
............ 51
60
35
3
15,691
1,388
1,533
1,586
1,889
2,107
2,419
2,649
3,052
3,448
913
(-), to
a^sgets____
259
14
15
16
19
20
20
22
25
28
17
1963-67,....
1968........
1969....... .
1970........
1971.
.
197 2
.
197 3
.
1974.**...*.
1975**.....,
1976.......
T .Q ........ .
-
16,537
1,436
1,595
1,653
1,968
2,199
2,480
2,679
3,083
3,482
937
_
-
Benefit
payments
Total
2/
4
3,764
458
513
589
626
749
802
931
1,010
1,239
-
Expenditures other than investments-Contirned
Fiscal year
or month
From
Unemploy
ment
Trust
Fund /
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Budget estimates are based on the 1978 Budget of
the U.S. Government, released January 17, 1977.
,
2 / Includes payment for military service credits beginning fiscal 1965.
A l s o includes Federal payment for dual benefits and interest transferred
to Federal Hospital Insurance trust funds.
2 / Includes the G o v e r n m e n t s contribution for creditable military service
(45 U.S.C. 228c-l ( n » through fiscal 1964 and unappropriated transfers
of tax receipts, and beginning FIT 1968 includes transfers of receipts to
Federal Hospital Insurance trust fund of $44 million FY 1968, $54 mil
lion FY 1969, $61 million FY 1970, $63 million FY 1971,
million FY
1972, $61 million F Y 1973* $96 million FY 1974, and $132 million FY 1975.
and $131 million F T 1 9 % .
2 / Payment are made between the Railroad Retirement Account and Federal
$64
174
194
138
162
170
23
32
16
40
107
Old-age and survivors and Federal disability so as to place those
funds in the position in which they would have been if railroad e m
ployments after 1936 had b een included in social security coverage
(45 U.S.C. 228e (k)). For detail see Tables GA-III-2 and GA-III-3.
For detail see Table GA-III-7. Receipts include repayment and interest.
Includes $62 million (
) paid to Federal Old-age and survivors
and disability insurance trust funds and $16 million FY 1967 to Fed
eral Hospital Insurance trust fund; beginning FY 1968 excludes trans
1963 64
actions for investments in non-Federal securities; and includes pay
ments to Railroad Unemployment Trust Fund of $5 million FY 1970, $10
million FY 1971, $12 million FY 1972, $6 million FY 1973, and $5 mil
l ion FY 19E4.
6 / Paid f rom the trust fund beginning 1 950 (63 Stat. 297).
Includes regional
rail transportation protective account.
2 / Includes unappropriated receipts,
n.a. Not available.
* Less than $500,000.
149
May 1977
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-7, - Unemployment Trust Fund
(In millions of dollars)
Receipts
Employment Security Programs
State
accounts
Fiscal year
or month
Employment Security
Administration
Account dj
1/
Railroad Unemployment Insurance
Federal
Un-
Total
Deposits
by
States
Appro
priations
Advances
from
general
fund
ment
Account
Board
Railroad Unemployment
Insurance Account 6/
Federal
Extended
Compen
sation
Account
J5/
V
i/
1936-67...............
1968......... .,.......
1969 ...................
1970...................
1971...................
1972...................
1973...................
1 974...................
1975...................
62.587 2 0 /
3,822
1
3,899
4,119 127
4,371 12/
5,498 12/
6,725 12/
7,486 12/
8,195r
1976.................
_
-
339
_
-
-
-
48,666
2,605
2,561
2,564
2,582
3,226
4,634
5,264
5,299
4,362
601
633
770
964
1,011
1,297
16,215
3,378
6,404
2,289
1,531
371
-
-
1977 (Est.)...........
1978 (Est,)...........
15,700
17,200
9,431
12,029
1,900
2,800
1,926
900
_
2,124
3,396
498
702
2,521
133
248
417
90
-
June .............
A u g ..............
S e p t .............
Oct ..............
N o v ..............
D e c ..............
1,173
1,867
337
805
1,543
120
589
1,609
92
357
1,001
76
133
203
35
_
-
144
199
-131
1,096
1,210
950
259
756
5,723
1977-Jan..............
F e b ..............
Fiscal 1977
to d ate..........
1,454
1,355
-
Deposits
by
Railroad
Retire
ment
accounts
1/
7,878
625
Deposits
Railroad
Retire
ment
accounts
8/
2,524
131
126
123
119
112
113
111
618
35
47
45
51
60
35
3
General
fund
by
Railroad
Retire
ment
Board
Interest
and
profits
on
invest
ments
_
-
81
9
8
8
8
7
7
7
5,038
442
523
604
637
496
487
650
-
-
7
639
1
_
-
8
-
34
-
-
3
283
55
_
-
1,926
900
10
10
335
354
22
5
44
_
*
*
-
-
_
1,150
450
200
2
2
29
,
-
-
*
*
-
-
3
450
-
-
-
•*
1
2
*
*
3
7
28
43
-
*
1
3
-6
7
111
175
295
-
_
-
100
1
9
23
1
5
28
-
-
1
8
28
~
-
71
-
-
310
84
-
-
750
175
830
2,531
542
-
-
2,460
126
-1
1
5
10
13
6
6
109
-
86
233
11
All
other
110
172
206
-
-
•Prwrn
833 H /
_
573
146
-9
785r
Adminis
tration
fund 2 /
45
10
1
-
-
-
*
-
-
Expenditures other than investments
Employment Security Programs
Fiscal year
or month
State ac
counts 1/
Total
12/
Withdrawals
b y States
1936-67................
1968...................
1969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1975................. .
1976...................
T.Q....................
51,960
2,830
2,865
3,634
6,216
6,984
5,433
6,158
13,211
17,920
3,544
1977 (Est.)...........
1978 (Est.)...........
10/
Grants
to
States
Payments to general fund
Reimburse
ments and
recoveries
5,229
5,978
4,405
5,139
11,958
16,413
3,106
3,008
552
588
624
756
776
814
832
l,117r
l,213r
380r
15,400
13,300
13,690
11,522
1,453
1,520
1976-Apr....... .
M a y .............
June......... .
1,458
1,260
1,220
1,319
1,121
1,116
July............
Sept............
Oct.............
N o v , .............
Dec............
1,213
1,270
1,062
969
1,099
1,357
1,059
1,115
932
871
994
1,158
135r
134r
llOr
78r
82r
179r
L977-Jan.............
Feb..............
M a r .... ........
1,392
1,492
1,569
1,270
1,318
1,407
95
146
130
7
7
7
7,877
7,017
710
23
,
W
1£/
16/
43,338
2,074
2,061
2,793
Employment Security Administration Account 2/
115r
12 lr
86r
Interest on
advances
and refunds
Salaries
and
expenses
Federal Extended Compensation Account 1 /
Temporary
extended
compen
sation
payments
Repayment
of advances
from g en
eral fund
768
*
*
792
-
-
-
Re i m
bursement
to State
dccoupts
1/
226
9
10
11
12
13
25
43
32
37
1
21
4
4
5
2
1
*
1
1
1
*
90
18
21
18
26
25
27
27
29
30
8
39
46
1
2
33
35
_
-
“
*
1
1
1
*
*
*
3
3
2
-
-
-
1
*
*
*
*
*
3
3
3
3
3
-
-
-
*
3
-
-
-
*
*
_
_
_
_
*
3
3
3
-
_
*
16
-
-
*
*
2
*
-
50
-
46
*
*
»■
-
-
Fiscal 1977
Footnotes at end of table.
-
Treasury Bulletin
150
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
T a b l e
GA-III-7.
-
III - T r u s t
U n e m p l o y m e n t
F u n d s
T r u s t
F u n d — C o n t i n u e d
(In millions of dollars)
Expenditures other than investments -
Continued
>s} end of j
Railroad Unemployment Insurance
Adminis
tration
fund
Railroad Unemployment Insurance Account 6/
Repayment of advances to
or month
Benefit
payements
1936-67................
1 968...................
1 969...................
1970...................
1971...................
1972...................
1973...................
1974...................
1 975...................
1976...................
1977 (Est.)...........
1978 (Est.)...........
1976-A p r ...............
M a y ...............
Temporary
extended
benefit
payments
2/
Railroad
Retirement
Accounts
17/
General
fund
2,962
76
97
93
95
120
73
50
67
218
47
19
-
493
92
78
84
87
62
81
9
*
*
19
-
173
165
_
_
_
_
"
-
.
.
.
-
-
19
15
16
All
other
Administra
tive
expenses
Total
Invest
ments
Unexpended
balance
76
7
6
6
7
8
7
7
7
9
2
10,626
992
1>034
485
-1,844
-1,486
1,293
1,328
-5,016r
-1,706
-166
_
10
10
300
3,900
5,840
9,740
5,214
9,114
-r
-r
-r
1
1
1
666
2,135
-722
4,293
6,428r
5,706r
3,119
5,838
4,810
l,174r
590r
896r
1
*
1
1
1
*
-39
598
-725
-164
444
-1,237
5,667r
6,264r
5,540r
5,375r
5,820r
4,583r
4,554
5,581
4,914
4,882
5,447
4,741
l,012r
683r
625r
494r
372r
-158r
1
1
1
-295
-282
-619
4,289
4,006
3,386
3,814
3,873
3,206
102
-2
2
2
1
-r
-r
-r
-
*
N o v ............
D e c ..............
13
18
16
16
18
16
-
*
-■*
-
-
-
-r
-r
-r
-r
-r
-r
1977-Jan..............
F e b ..............
M a r ..............
17
18
21
-
-
-
-
A u g ..............
S e p t .............
Net
increase
or
decrease
(-), in
assets
10,626 18/
11,618
12,652
13,137
11,293
9,807
11,099
12,428
7,412r
5,706r
5,540r
10,531
11,563
12,587
13,008
11,241
9,813
10,957
12,121
7,183
4,810
4,914
95 16/
55
65
129
52
-6
143
306
228r
896r
625r
625
625
475
134
180
Fiscal 1977
106
-
-*
-r
-
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Budget estimates are based on the 1978 Budget of
the U.S. Government, released January 17, 1977.
1/ State unemployment funds used for benefit payments. For the period
August 1961 to February 1964, withdrawls b y States were reduced b y
reimbursements to State accounts from the Federal Extended Compen
sation Account.
2 / Established b y the Employment Security Act of I960, approved S e p
tember 13, 19^) (42 U.S.C. (a)), into which are deposited tax
receipts transferred in accordance w ith the act and from which are
paid the administrative expenses of the employment security program
and reimbursement for tax refunds. Receipts consist of appropri
ated and unappropriated transfers of tax collections.
2 / Net of repayments.
/ Amounts represent excess of collections from Federal Unemployment
tax over expenditures for benefits and administrative expenses
which excess was appropriated from the general fund to this account.
(Includes amounts appropriated to the State Unemployment Accounts.)
Beginning 1961, such excess is transferred between book accounts
within the Unemployment Trust Fund.
5 / Extended unemployment compensation benefits under the employment
security amendments of 1970 (P.L. 93-373) and the amendments to the
Social S ecurity Act (P.L. 92-224).
6 / For payment of benefits and refunds (45 U.S.C. 360).
Figures e x
clude interim advance of $15 million from the Treasury and subse
quent repayment, both in 1940.
2 / Contributions underthe Railroad Unemployment Insurance Act of 1938,
as amended ,(45 U.S.C. 360 (a)), in excess of the amount specified
for administrative expenses. Through 1957, also included transfers
from the administration fund of excess amounts over the specified
balance (45 U.S.C. 361 (d)).
3 / Temporary advances are made when the balance in the Railroad Unem
ployment Insurance Account is insufficient to meet payments of
9/
10/
4
11/
12/
13/
1U
15/
16/
17/
18/
*
1
5
-2,154
3,386
3,206
180
benefits and refunds due or to become due. Whenever the balance is
sufficient to pay such benefits and refunds, repayments are made,
plus interest at 3% per annum, pursuant to an act approved M a y 19,
1959 (45 U.S.C. 360 (d)).
Consists of specified proportion of contributions deposited in the
fund to be available for administrative expenses. The Railroad Un
employment Insurance Administration Fund was established in the U n
employment Trust Fund pursuant to the amending act of September 6,
1958; before that the administration fund was a separate trust
fund (45 U.S.C. 361).
Total includes $107 million transferred fron State accounts to the
Railroad Unemployment Insurance Account in connection w ith its
establishment (45 U.S.C. 363).
Beginning fiscal 1961 refunds of
taxes (principal only) are reported as deductions from receipts.
Interest paid on refunds of taxes is included under expendit Tires.
Established b y the act approved March 24, 1961 (42 U.S.C. 1105 (a)),
which provides for a temporary program of extended unemployment
compensation payments.
Includes $5 million FY 1970, $10 million FI 1971 and $12 million FY
1972, $6 million FY 1973, and $5 million FY 1974 from Railroad
Retirement Unemployment Insurance Account.
Beginning F Y 1967 excludes transactions for investments of nonFederal securities.
Includes payment of $50 million from the extended unemployment
account to the general fund.
Includes $1,029 million transferred to the Department of Labor for
grants to States.
Includes unappropriated receipts beginning September I960.
Includes interest.
Includes an adjustment of $7 million pursuant to the act of Septem
ber 6, 1958 (U.S.C. 361 (a)).
Less than $500,000.
Revised.
151
May 1977
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-8. - National Service Life Insurance Fund
(~n m i l l ?ons of dollars)
Receipts
Fiscal year
or month
Total
1944-67..............
1 968..................
1 969..................
1970..................
1 971..................
1972..................
1 973..................
1974..................
1975..................
1976..................
20,947
693
708
711
744
773
798
1977 (Est.)..........
1978 (Est.)..........
Premiums and
other receipts
Transfers from
general and
special funds
Interest and
profits on
investments
Expenditures other
than investments
(benefits, net lending
refunds, and
dividends)
14,861
546 1/
627
685
661
720
519
623
731
633
136
Net increase
or decrease
(-), in
assets
Assets, end of period
Unexpended
balance
Total
Invest
ments
6,086
147
82
26
82
53
279
186
104
219
19
6,086
6,233
6,315
6,341
6,423
6,476
6,755
6,941
7,045
7,264
7,283
6,079
6,228
6,301
6,320
6,403
6,465
6,737
6,915
7,026
7,241
7,266
7
4
13
21
20
11
18
25
19
23
17
808
835
852
155
12,291
476
478
463
470
478
487
468
465
452
147
4,771
5
6
3
3
2
2
2
2
2
1
3,885
211
225
245
271
292
309
338
368
398
8
927
993
492
516
2
2
433
475
630
690
297
304
7,580
7,883
n.a.
n.a.
n.a.
n.a.
19
34
237
17
34
45
*
*
*
1
*
17
39
37
1
-5
200
7,068
7,063
7,264
7,058
7,057
7,241
10
6
23
67
49
40
40
36
247
65
43
39
38
36
42
*
*
*
*
*
*
205
65
35
36
38
34
51
2
14
4
2
2
196
7,265
7,279
7,283
7,285
7,287
7,482
7,253
7,266
7,266
7,273
7,278
7,472
13
13
17
12
9
10
1977-Jan.............
F e b .............
M a r .............
43
A9
46
41
42
45
*
*
*
2
6
*
50
59
79
-7
-11
-33
7,476
7,465
7,432
7,458
7,448
7,425
17
16
7
Fiscal 1977
to da t e ............
460
245
1
214
311
149
7,432
7,425
7
J u n e ........ .
S e p t ............
O c t .............
N o v .............
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on the 1978
Budget of the U.S. Government, released January 17, 1977.
Note: This fund was established b y the National Service Life Insurance
191
2
6
1
-
1/
*
n.a.
Act of 1940 (38 U.S.C. 720).
Excludes transactions for investment in non-Federal securities.
Less than $500,000.
Not available.
Treasury Bulletin
152
_
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _ _
Section
Table
GA-III-9.
* Investments
a n d
A g e n c y
of
III
- T r u s t
Specified
Securities
by
Trust
Issues,
F u n d s
Accounts
as
of
in
M a r c h
Public
D e b t
Securities
31, 1 9 7 7
(Tn million*, of doJlars)
Investment securities
Payable
date
Type and rate
Federal Old-Age
and Survivors
Insurance
Trust Fund
Issue
date
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
Railroad
Retirement
Accounts
Unemployment
Trust Fund
Public issues:
Notes:
m .............................
7-3/4......... ................
*7-1/4 .................... ....
6 - 1 / 4 .............. .........
S - 3 / 4 ................*.......
6 ....... ......................
6-1/4 ........................ .
9
......... .
7 .............................
8 .............. „.............
8 - 1 / 8 ............ ......... *.
7 - 7 / 8 ........................
Bonds:
............................
.................
IS
.............................
................. ................
.............................
.............................
.............................
..............................
.............................
.............................
................... .
..............................
...................................
........................ .
........ ....................
............................. .
.
3-1/2
7
3-1/4
6-3/8
4-1/4
5-1/4
6-1/8
3-1/2
8-1/4
4-1/4
4
7-1/2
4-1/8
3
3 - 1 / 2 ....... ................
8-1/2 .........................
7 - 7 / 8 ........................
8 - 3 / 8 .........................
8 * ....... ....................
8-1/4 .........................
7 - 5 / 8 ..................... .
2/15/77
3/15/77
12/31/77
/L
8/15/78
11A5/78
3/15/79
8/15/80
2A5/81
5/L5/82
8/L5/82
1 L/L5/82
2A5/70
8/15/70
12/31/75
2/15/71
5A5/74
11/15/71
8A5/72
8/15/74
2/15/74
5A5/75
8A5/75
11A7/75
_
-
10
14
_
-
2
-
2/15/80
4 / 0 / -80
11A5/80
8/15/81
/ /
8/15/84
5A5/75-85
5/15/85
13 A 5 / 8 6
2A5/90
5 A 5 / 90
8/15/87-92
2/15/88/93
8A5/88/93
5/15/89/94
2A5/95
11A5/98
5A5/94-99
2A5/95-00
8/15/95-00
8A5/96-01
5/15/00-05
2/15/02-07
1/23/59
4/01/51
10/03/60
8/15/71
5/31/53
8A5/72
4/05/60
6/03/58
11/15/71
2/14/58
4/7/75
8A5/62
1A7/63
8/15/73
4/18/63
2/15/55
10/03/60
5A5/74
2/18/75
8/15/75
8/16/76
5/15/75
2/15/77
153
1,065
449
50
60
32
78
26
2 5/78
1 75
6 15 78-83
-
556
33
-
i
100
91
70
552
6
22
50
91
22
15
3,522
Total .*........................
30
-
-
15
21
11
81
27
68
-
5
-
-
26
4
-
315
-
-
_
-
-
-
_
-
-
-
_
_
_
-
_
_
_
_
-
_
_
_
_
_
-
51
9
51
3
139
438
45
127
3
2
10
126
_
6
106
745
53
_
150
47
7
20
_
65
14
6
13
_
53
_
33
14
100
113
106
18
_
174
43
30
*
15
_
_
_
_
_
-
_
-
-
499
2,435
_
_
_
771
177
_
_
Government account series:
Certificates:
6 - 3 / 8 ........................
7 ......................... .
%-l/8
7 - 3 / 8 ........................
7-3/4
........
Notes:
5 - 3 / 4 .............
6-5/8
8
7-3/4
.................
Bonds:
7 - 5 / 8 # .......................
7 - 3 / 8 .......... *.............
%l/2
6/30/77
6/30/77
6/30/77
6/30/77
6/30/77
.............................
................. .
............
..............................
.................... ..............
........
. . .......„...... ...........
T o t a l ...........................
Various
Various
Various
Various
Various
6/30/79
6/30/80
6/30/81
6/30/83
6/30/72
6/30/73
6/30/74
6/30/76
6/30/81-89
6/30/81-90
6/30/81-91
6/30/74
6/30/75
6/30/76
:
_
_
_
_
5,986
722
1,613
_
-
3,666
_
-
_
-
286
943
_
_
814
17
_
v.
2,113
_
-
_
_
278
_
_
1,144
1,000
_
_
_
_
...
_
_
_
6,101
7,567
7,109
1,095
965
899
3,651
2,063
1,775
558
177
162
30,430
4,910
11,216
2,006
_
_
_
_
_
_
»
_
_
-
5
_
2,325
771
Agency -Securities:
Participation Certificates:
5*20$
5 . 2 0 ...........
5.10
6 . 4 0 ....................
6.05
6.'45
6*20
.............................
................
........ .................... .
.
..............................
..............................
............................. .
T o t a l ...........„...................
Total Securities ...........
1/19/77
1/19/82
4/06/87
12/11/87
2/01/88
4/08/88
8/12/88
1/19/67
1A9/67
4/05/67
12/11/67
1/30/68
4/08/88
8/12/68
100
50
75
65
35
230
_
_
_
_
_
50
50
_
_
_
_
-
-
-
555
-
50
-
50
34,507
5,225
11,266
2,006
2,874
_
_
_
_
3,206
May 1977
153
C U M U L A T I V E
June
T A B L E
O F
1976 t h r o u g h
C O N T E N T S
M a y
1977
Issues and page numbers
1076
1977
Sections
May
June
July
Aug.
V
V
V
V
V
V
IV
V
V
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
12
...
10
11
...
12
10
11
12
...
10
11
12
...
10
11
...
10
11
12
13
10
11
...
...
10
11
. <.
10
11
12
13
10
11
12
...
10
11
...
Fffftersi ohl ip-^yons................................. .........
14
15
14
14
13
16
...
13
14
17
14
13
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury................
Analysis of changes in tax and loan account balances....
Gold assets and liabilities of the Treasury.......... .
17
18
19
18
19
20
17
18
19
17
18
19
16
17
18
19
20
21
13
14
15
17
18
17
18
19
20
21
22
17
18
19
16
17
18
20
21
20
20
19
22
16
19
20
23
20
19
21
22
21
21
20
23
17
20
21
24
21
20
21
22
22
23
21
22
21
22
20
21
23
24
17
18
20
21
21
24
25
21
22
20
21
22
23
23
24
22
23
22
23
21
22
24
25
18
19
21
22
23
25
26
22
23
21
22
24
25
26
27
25
26
27
28
24
25
26
27
24
25
26
27
23
24
25
26
26
27
28
29
20
21
22
23
23
24
25
26
24
25
26
27
27
28
29
30
24
25
26
27
23
24
25
28
29
28
28
27
30
24
27
28
31
28
27
30
...
33
34
34
35
29
30
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
Article:
Federal .fiscal operations:
Budget outlays by agency ...................................
Budget outlays b y function.................................
Investment transactions of Government accounts in
Selected accrual data reported b y Federal agencies.......
10
11
12
Summary of internal revenue collections b y States
16
3
5
6
7
8
Monetary statistics:
EatentiL-dfitol:
Computed interest charge and computed interest rate
Interest-bearing public debt...............................
Maturity distribution and average length of market
able interest-bearing public d ebt...................... .
22
22
Interest-bearing securities issued b y Government
Participation certificates.................................
Status and application of statutory limitation.... ......
Treasury holdings of securities issued b y Government
corporation and other agencies..........................
Description of securities of Government corporations
and other business-type activities held b y the
Treasury...................................................
29
31
29
26
'
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding...............................
New m oney financing through regular weekly Treasury
b i lls ......................................................
Offerings of public marketable securities other than
regular weekly Treasury b i l l s ............................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations....
Allotments b y investor classes on subscription for
public marketable securities.............................
Disposition of public marketable securities other
than regular weekly Treasury bills......................
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.............
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries..................................................
United States .saviftgs bonds:
Sales and redemptions b y series, cumulative..............
Sales and redemptions b y periods, all series
Sales and redemptions b y periods, Series E through K ....
Redemptions of matured and unmatured saving b o n d s ........
Sales and redemptions b y denominations, Series E and
H combined.................. ................... ...........
Sales b y States, Series E and H combined..................
30
31
35
36
30
31
30
31
33
34
32
33
26
27
33
34
30
31
34
39
34
34
37
36
30
37
34
37
38
33
38
41
42
37
38
43
38
38
41
40
41
46
45
50
41
41
44
45
45
48
47
52
48
48
51
34
41
43
37
44
41
44
45
40
47
41
48
45
48
49
44
50
44
51
50
53
54
49
57
53
63
59
50
55
51
51
54
53
47
54
53
56
54
59
55
56
59
58
52
59
58
62
56
62
58
59
62
61
55
62
61
65
66
62
56
57
59
62
63
65
58
59
61
59
60
62
62
63
65
61
62
64
55
56
58
62
63
65
61
62
64
65
66
68
66
67
69
62
63
65
•* •
...
••#
...
...
•• •
...
...
65
66
...
...
...
...
...
69
70
...
...
154
Treasury Bulletin
. C U M U L A T I V E
June
T A B L E
1976 through
O F
M a y
C O N T E N T S
_
1977— C o n t i n u e d
Issues and page numbers
r
“
1976
Sections
1977
June
July
Aug.
60
66
62
63
66
67
61
62
67
68
63
64
64
65
67
68
68
69
Sept.
Oct.
Nov.
Jan.
Feb.
Mar.
59
66
65
71
70
66
60
61
67
68
66
67
68
71
72
73
67
68
69
72
73
74
72
...
...
...
77
73
75
Dec.
Apr.
May
United States savings notes:
Ownership of FederaLsacuritiea:
Distribution b y classes of investors and types of
Treasury survey - commercial bank o wnership.................
63
69
65
66
69
70
62
...
...
73
...
...
...
...
71
73
77
79
80
82
71
73
73
75
74
76
66
68
73
75
76
78
78
80
74
80
83
74
76
77
69
76
79
81
80
76
75
81
84
75
77
78
70
77
80
82
81
77
...
...
78
79
69
Market quotations onJCreaaurs: securities:
79
Average yields of lone-term bonds:
Average yields of long-term Treasury, corporate, and
Chart - Average yields of long-term Treasury,
■R-x-p.han^p Stabilization Fi#ld!
...
82
83
Matioyiai frsfflK reports:
Operating Income and Expense, and dividends of National
78
79
82
83
76
...
...
...
...
...
...
...
...
...
...
77
84
85
76
80
79
71
80
81
83
84
78
International financial statistics:
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
U.S. liquid and other liabilities to official
institutions of foreign countries b y area ...............
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries...........
U.S. position in the International Monetary F und .........
Weighted average of exchange rate changes for the
78
85
86
77
81
80
72
81
83
84
85
79
79
86
87
78
82
81
73
82
84
85
86
80
80
81
87
88
88
89
79
80
83
84
82
83
74
75
83
84
85
86
86
87
H7
88
82
82
89
90
81
85
84
76
85
87
88
89
83
85
92
93
84
88
87
79
88
90
91
92
86
93
100
101
92
96
95
87
96
98
99
100
94
99
106
107
98
102
101
93
102
104
105
106
100
103
110
111
102
106
105
97
106
108
109
110
104
109
118
116
117
126
108
117
112
121
111
120
103
112
112
121
114
123
115
124
116
125
110
119
...
...
...
127
128
130
132
134
136
137
139
141
128
129
131
133
135
137
138
122
123
142
125
127
129
131
132
134
136
143
144
138
...
•••
81
C apitalmovements:
Liabilities to foreigners reported b y banks in the
Claims on foreigners reported b y banks in the United
Liabilities to foreigners by nonbanking
Claims on foreigners reported b y nonbanking concerns
Transactions in long-term securities b y foreigners
reported by banks and brokers in the United S t ates......
Foreign credit and debit balances in brokerage accounts
Foreign Currency Positions:
Summary................................ .......................
Belgian Franc Positions......................................
Canadian Dollar Positions...................................
French Franc Positions.......................................
German Mark Positions........................................
Italian Lira Positions.......................................
..................
Japanese Yen Positions
Swiss Franc Positions
Sterling Pos111o n n
United States Dollar
Positions A b r o a d ............................................
125
...
........................
.................... . .........................
...................... ........................ .
...
...
...
...
...
140
ourr.encjes
Eoreign
s q u i r e d b y j & e j L . s ti Qoy.sjrame.nt.
without payment of dollars;
Foreign currency transactions, summary and country uses
Foreign currency transactions, U.S. uses and trust funds
............................
................
.......................
....................
.............
.......................
...................................
.........................................
........................
....................
...
...
...
...
...
...
120
121
127
128
119
120
123
125
129
130
131
133
134
135
136
138
139
126
127
128
130
131
132
133
135
136
114
115
123
...
147
125
223
148
175
141
176
...
...
...
...
...
...
...
224
225
226
228
229
230
231
C
MCM
Financial operations of Government agencies and funds:
Government corporations and other business-type
activities:
Statements of financial condition
Statements of income and retained earnings
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fu n d
Federal Old-age and Survivors Insurance Trust Ftmd ....
Federal Disability Insurance Trust Fund.................
Federal Hospital Insurance Trust Fu n d
Federal Supplementary Medical Insurance Trust Fund....
Railroad Retirement Accounts
Unemployment Trust F u n d
National Service Life Insurance F und
Investments of specified trust accounts
123
124
...
...
...
...
...
142
143
144
146
147
148
149
151
152
@FedFRASER