Full text of Treasury Bulletin : May 1980
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DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
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TREAS
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1980
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Freasury Bulletin
May
1980
DEPARTMENT OF THE TREASURY
WASHINGTON.
OFFICE OF THE SECRETARY
D.C.
May
1980
CONTilNTS
Page
VI
Treasury Financing Operations.
Article
FEDERAL FISCAL OPERATIONS
Suramarv of Fiscal Operations
1
FFO-2.
Budget Receipts by Source
3
Chart
Budget Receipts by Source
5
FFO-3.
Budget Outlays by Agency
6
FFO-4.
Undistributed Offsetting Receipts
7
FFO-5.
Budget Outlays by Function
FFO-6.
Investment Transactions of Goyernment Accounts in Federal Securities (Net).
10
FFO-7,
Trust Funds Transactions.
11
FFO-1.
•
. . , ,
8
, ,
_••_••••
......._.
FEDERAL OBLIGATIONS
Gross Obligations Incurred Within and Outside the Federal Government by Object
Class
FO-1.
12
FO-2.
Gross Obligations Incurred Outside the Federal Government by Department or Agency.
FO-3.
Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Mon th s
ACCOUNT OF THE
U.S.
.
13
15
TREASURY
UST-1.
Status of the Account of the U.S. Treasury
20
UST-2.
Elements of Changes in Federal Reserve and Tax and Loan Account Balances
21
UST-3.
Gold Assets and Liabilities of the Treasury
22
MONETARY STATISTICS
MS-1.
-
Currency and Coin in Circulation.
23
FEDERAL DEBT
FD-1.
Summary of Federal Debt
24
FD-2.
Computed Interest Charge and Computed Interest Rata on Interest-Bearing Public Debt.
24
FD-3.
Interest-Bearing Public Debt
25
FD-4.
Goyernment Account Series
26
FD-5.
Interest-Bearing Securities Issued by Government Agencies
27
FD-6.
Participation Certificates
28
FD-7.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
29
FD-8.
Debt Subject to Statutory Limitation
29
FD-9.
Status and Application of Statutory Limitation
30
FD-10.
Treasury Holdings of Securi ties,
PDO-1.
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
33
PDO-2.
Offerings of Bills
34
PDO-3.
New Money Financing through Regular Weekly Treasury Bills
36
PDO-4.
Offerings of Public Marketable Securities
37
PDO-5.
Unmatured Marketable Securities Issued at a Premium or Discount
43
PDO-6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities..
48
PDO-7.
Disposition of Public Marketable Securities
51
PDO-8.
Foreign Series Securities
54
PDO-9.
Foreign Currency Series Securities
68
PDO-IO.
Foreign Currency Series Securities Issued to Residents of Foreign Countries
69
.
.
.
^
^.
^
_^
,
31
PUBLIC DEBT OPERATIONS
tJ
Treasury Bulletin
JClONTENTS
UNITED STATES SAVINGS BONDS
Page
SB-l.
-
Sales and Redemptions bv Series, Cumulative
70
SB-2.
-
Sales and Redemptions bv Periods, All Series Combined
70
SB-3.
-
Sales and Redemptions bv Periods, Series E througb K
71
SB-4.
-
73
SB-5.
SB-6.
-
Redemptions of Matured and Unmatured Savings Bonds
Sale and Redemptions by Denominations Series E and H Combined
Sale by States, Series E and H Combined
-
74
75
UNITED STATES SAVINGS NOTES
SN-l.
-
Sales and Redemptions by Periods
OFS-l.
•
Distribution of Federal Securities
77
OFS-2.
-
Estimated Ownership of Public Debt Securities
78
TSO-l.
-
Summary of Federal Securities
79
TSO-2.
-
Interest-Bearing Marketable Public Debt Securities bv Type and Maturity Distribution..
80
TSO-3.
-
Interest-Bearing Marketable Public Debt Securities bv Issue
80
;
76
OWNERSHIP OF FEDERAL SECURITIES
TREASURY SURVEY OF OWNERSHIP
TSO-A.
-
Securities Issued bv Government Agencies
82
TSO-5.
-
Securities Issued bv Government-Sponsored Agencies and D.C
82
MO-l.
-
Treasurv Bills
83
MO-2.
-
Treasury Notes
83
MO-3.
-
Treasury Bonds
85
Chart
-
Yield of Treasury Securities
86
AY-l.
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
87
Chart
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
88
MARKET QUOTATIONS ON TREASURY
SECURITIES
AVERAGE YIELDS OF LONG-TERM BONDS
INTERNATIONAL FINANCIAL STATISTICS
IFS-l.
-
U.S. Reserve Assets
IFS-2.
-
U.S. Liquid and Nonliquid Liabilities
Liabilities to All Other Foreigners
IFS-3.
-
U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries
bv Area
91
IFS-4.
-
Nonmarketable U.S. Treasury Bonds and Notes
92
IFS-5.
-
U.S. Position in the International Monetary Fund
93
IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
94
89
to
Foreign Official Institutions, and Liquid
90
May
1980
III
CONTENTS
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS
P«g^
-
U.S.
CM-I-1.
-
Total Liabilities by Type of Holder
CM-I-2.
-
Total Liabilities by Type, Payable in Dollars
CM-I-2.
-
Total Liabilities to Nonmonetary International and Regional Organizations by Type,
Payable in Dollars - Part B
CM-I-3.
-
Total Liabilities by Country
100
CM-I-A.
-
Total Liabilities by Type and Country
101
97
-
98
Part A
99
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
CM-II-1,
-
Total Claims by Type (Old Series)
102
CM-II-2.
-
Total Claims by Type (New Series)
102
CM-II-3.
-
Total Claims by Country
103
CM-II-A.
-
Total Claims by Type and Country Reported by Banks in the U.S
104
CM-II-5.
-
Banks' Own Claims, by Type
105
CM-II-6.
-
Banks' Own Claims by Type and Country Payable in Dollars
106
CM-II-7.
-
Domestic Customers' Claims by Type
107
CM-III-1.
-
Dollar Liabilities to, and Dollar Claims on, Foreigners in Countries and Areas Not
Regularly Reported Separately
108
CM-III-2.
-
Dollar Claims on Nonbanking Foreigners
109
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS
-
U.S.
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
CM-IV-1.
-
Total Liabilities by Type
110
CM-IV-2.
-
Total Liabilities by Country
Ill
CM-IV-3.
-
Total Liabilities by Type of Country
112
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
113
CM-V-1.
-
Total Claims, by Type
CM-V-2,
-
Total Claims, by Country
CM-V-3.
-
Total Claims, by Type and Country
CM-Vl-1.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
116
CM-VI-2.
-
Foreign Purchases and Sales of Long-Term Foreign Securities
116
CM-VI-3.
-
Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country...
117
CM-VI-4.
-
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country..
118
CM-VI-5.
-
Net Foreign Transactions in Long-Term Domestic Bonds
119
CM-VI-6.
-
Net Foreign Transactions in Domestic Stocks by Country
120
CM-VI-7.
-
Net Foreign Transactions in Long-Term Foreign Bonds by Country
121
CM-VI-8.
-
Net Foreign Transactions in Foreign Stocks by Country
122
CM-VI-9.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Date
123
CM-VI-10.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Year
124
,
114
115
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
IV
Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
*^^
FCP-I-1.
-
Nonbanklng Firms' Positions
FCP-I-2.
-
Weekly Bank Positions
126
Monthly Bank Positions
126
FCP-I-3.
-
126
CANADIAN DOLLAR POSITIONS
FCP-II-1.
-
Nonbanking Firms' Positions
127
FCP-II-2.
-
Weekly Bank Positions
127
FCP-II-3.
-
Consolidated Monthly Bank Positions
128
FRENCH FRANC POSITIONS
FCP-III-1.
-
Nonbanking Firms' Positions
129
FCP-XII-2.
-
Weekly Bank Positions
129
FCP-III-3.
-
Consolidated Monthly Bank Positions
130
GERMAN MARK POSITIONS
FCP-IV-1.
-
Nonbanking Firms' Positions
131
FCP-IV-2.
-
Weekly Bank Positions
131
FCP-IV-3.
-
Consolidated Monthly Bank Positions
132
FCP-V-1.
-
Nonbanking Firms' Positions
133
FCP-V-2.
-
Weekly Bank Positions
133
FCP-VI-1.
-
Nonbanking Firms' Positions
134
FCP-VI-2.
-
Weekly Bank Positions
134
FCP-VI-3.
-
Consolidated Monthly Bank Positions
135
FCP-VII-1.
-
Nonbanking Firms' Positions
136
FCP-VII-2.
-
Weekly Bank Positions
136
FCP-VII-3.
-
Consolidated Monthly Bank Positions
137
FCP-VIII-1.
-
Nonbanking Firms' Positions
138
FCP-VIII-2.
-
Weekly Bank Positions
138
FCP-VIII-3.
-
Consolidated Monthly Bank Positions
139
FCP-IX-1.
-
Nonbanking Firms' Foreign Subsidiaries' Positions
1^0
FCP-IX-2.
-
Weekly Bank Foreign Office Positions
1^0
FCP-IX-3.
-
Monthly Bank Foreign Office Positions
1^1
ITALIAN LIRA POSITIONS
JAPANESE YEN POSITIONS
SWISS FRANC POSITIONS
STERLING POSITIONS
ITOITED STATES DOLLAR
POSITIONS ABROAD
May
1980
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Page
FEDERAL CREDIT PROGRAMS
GA-II-1.
-
Direct Sales and Repurchases of Loans
143
TRUST FUNDS
GA-III-1.
-
Civil Service Retirement and Disability Fund
144
GA-III-2.
-
Federal Old-Age and Survivors Insurance Trust Fund
145
GA-III-3.
-
Federal Disability Insurance Trust Fund
146
GA-III-4,
- Federal Hospital Insurance Trust Fund
GA-rTI-5.
-
Federal Supplementary Medical Insurance Trust Fund
149
GA-III-6.
-
Railroad Retirement Accounts
150
GA-III-7.
-
Unemployment Trust Fund
151
GA-III-8.
-
National Service Life Insurance Fund
153
GA-III-9.
-
Investments of Specified Trust Accounts in Public Debt Securities and Agency
Securities
154
Cumulative Table of Contents
Note:
Details of figures may not add to totals because of rounding.
148
155
Treasury Bulletin
VI
Treasury Financing Operations
Auction of J-Year Notes
On April
$1^4,000
the Treasury announced that it would auction
16
million of 2-year notes to refund $2,721 million
notes maturing
new cash.
April 30,
and to raise $1,279
1'!'80,
The notes offered
million
were Treasury Notes of
R-1982, to be dated April 30, 1980, due April 30,
of
Series
1982, with
Federal Reserve Banks
ed at
for
1-3/8% was set after the de-
termination as to which tenders were accepted on
a
yield basis,
Tenders forthenotes were received until
p.m., EST,
1: 30
was accepted
at yields ranging from 11.^17., price
to 11,467,, poite 99,852,
99,939 up
Noncompetitive tenders for $1 million
or less from any one bidder were accepted in full at the ave-
age yield of accepted tenders,
totaled $1,009 million.
11.44°/,,
price '^9.887.
ember 15,
opening,
the public holdings of the original
notes
and May 15 until
totaled
had
made on May 15,
until
al monetary authorities
prices
ranging
in exchange for maturing securities.
accepted
$459 million of tenders were accept-
ed at the average price from Government accounts and Federal
Reserve Banks for their own account in exchange for
D.
Washington,
and
notes registered as to principal and interest were
ized to be issued
in denominations
of $5,000,
author$10,000,
of which
105.27. yield 9.88%.
addition
In
On April 30 the Tr*rfsury aaaounced that it would
tive bidding,
under competitive .and
sell
noncompeti-
to $3,500 million of 3-1/4 year notes
up
of
Series K-1983, $2,000 million of 9-1/2-year 10-3/47„ notes of
Series B-1989, and $2,000 million of 30-year bonds of
2005-
10 to refund $4,038
secu-
million of publicly held Treasury
rities maturing May 15, and to raise $3,500
million
auction process
the
Series
the determination as to which tenders were ac-
cepted on a yield basis,
the average of which translated in-
to an average accepted price close to 100.000.
The notes of
K-1983 will be dated May 15, 1980, due August
1963, with interest payable semiannually on February 15
for the
p.m.-,
ed at
tenders
at
the
million
a
1
5,
was
107=
Accounts and
on the bonds of 2005-10
set
the average of which trans la ted into an ave-
yield basis,
rage
accepted price close to 100.000.
will
be dated May
payable
was accepted
at yields ranging
price 99.623.
yield
of accepted tenders,
$1,057
million.
9.
nx^
as
agents
for foreign and
price
$38
interna-
authorities in exchange for securities ma-
1980.
The bonds of 2005-10
2010, with Interest
semiannually on November 15 and May
Tenders
May
8
until
15
ma-
for
bonds were received until 1:30 p.m.,
the
and totaled §3,648 million of which $2,000 mil-
yields
at
ranging
99.248 up to 10.187. price 98.322.
from 10.087.,
price
Noncompetitive
lenders
for $1 million or less from any one bidder were accepted
full at
98.676.
the average yield of accepted tenders,
10.127.,
in
price
These totaled $182 million.
$2,000 million of tenders
In addition to the
§976 mi
,
Hi on
of
accepted
were
tenders
ac
-
cepted at the average price from Government accounts
and
Federal Reserve Banks for their own account in exchange
for
securities maturing May 15,
Payment for accepted
from
Noncompet-
In addition,
1980, due May 15,
15,
turity.
l'^80.
tenders in all three auc tions was
required to be completed on or before May 15,
securities maturing on or before May 15,
be accepted at par,
1980,
in cash,
1980, which were to
or other funds immediately available to
the Treasury by that date.
notes were allotted at the average price to
the
monetary
turing May
received
for $1 million or less were accepted in full
Federal Reserve Banks
tional
notes of Series K-1983 were
These totaled
of
Government
and international monetary authorities for new
in the auction process
99.816, up to 9.35':.
average
99.706.
lion of tenders were ac-
1
from
the average price from Federal Reserve Banks as agents
foreign
for
and
EDST, May 6, and totaled $10,212 million of
million
itive
300 mi
15,
August 15 until maturity.
price
,
maturing securities, and $55 million of tenders were accept-
lion was accepted
A coupon rate of 9-1/47. was set on the notes of
9.287„,
$1
,
for their own account in exchange for
Federal Reserve Banks
EDST,
which $3,506
These totaled $201 million.
cepted at the average price
new
cash.
Tenders
tenders for $1 million or less
after the determination as to which tenders were accepted on
to the public at auction,
until 1:30
at
104.84,
$2,000 million of tenders accepted
to the
A coupon rate of
May Refunding
Series
106.10, yield 9.757., down to
from
cash.
$100,000 and $1,000,000.
K-l'^SI after
totaled
1980, and
million was accepted
$2,000
accepted in full at the average price of accepted ten-
ders.
in
and
banks
Bearer notes, with interest coupons attached,
C.
issue of these
The new issue will be
EDST, May 7,
p.m.,
1:30
Noncompetitive
yield 9.957».
were
secu-
1980.
branches and at the Bureau of the Public Debt,
on
Prior to this re-
Tenders for the 10-3/47, notes of Series B-19e9 were re-
million,
Reserve
addi-
due Nov-
1980.
$3,992
Tenders were received at Federal
maturity.
million.
$1,981
1979,
semiannually
interest payable
15
Federal Reserve Banks as agents for foreign and internation-
rities maturing April 30,
with
1989,
November
ceived
in the auction process,
B-1989 will be an
of Series
of the notes dated November 15,
from
$4,010 million of tenders
notes
The 10-3/47,
The $4,010 million of accepted ten-
.tile
new
cash.
These
ders also included $385 million at the average price
In addition to
and
the average price from Federal Reserve Banks as agents
tional issue
April 22 and totaled $9,509 million, of which $<i,010 million
Accounts
for their own account in exchange for
foreign and international monetary authorities for
the average of which translated into an average accepted price
close to 100.000.
of tenders were ac-
Government
maturing securities and $102 million of tenders were accept-
til maturity.
1
of tenders accepted
$3,000 million
cepted at the average price from
interest payable on October 31 and April 30 in each year unA coupon rate of
addition to the $3, 506 million
In
the auction process,
in
Tenders were received in all of the auc tions at Federal
Reserve
Debt
,
Banks and branches and
Washington
terest coupons
a
,
t
D.
tached
at
the Bureau of the Public
Bearer notes and bonds
C.
,
and notes and bonds
,
wi th
registered
in-
as
VII
April 1980
Treasury Financing Operations—Continued
to principal and interest were
denominations of
$1,000,
authorized to be issued
$5,000,
$1,000,000 for the issues of 9-1/2-year notes and
and $5,000, $10,000, $100,000,
in
$10,000, $100,000,
and
$1,000,000
and
bonds,
for
the
issue of 3-1/4-year notes.
52-Week Bills
On
Apri
17
1
tenders were invited
for
approximately
$4,000 million of 359-day Treasury bills to
29,
1980, and to mature April 23,
1981.
be dated
The issue
refund $3,020 million of bills maturing April
raise $980 million new cash.
23.
Tenders were
opened on
average
price
to
Federal Reserve Banks
selves and as agents for foreign
tary authorities.
million
issued
for
them-
and international
The average bank
to
April
of noncompetitive ten-
ders from the public and $1,251 million of the bills
at the
to
and
29
They totaled $6,606 million, of which $4,000
was accepted, including $218 million
April
was
discount
mone-
rate
was
10.4407..
13-Meek and 26-Week Bills
Issues
taled
of regular weekly Treasury bills in
$27,600 million.
and in exchange
million.
$3,400
26-week
In
April
to-
issues were offered for cash
for bills maturing in the amount of $25,300
13-week
the
million
These
and
series,
there were two issues of
two issues of $3,500 million.
In
the
series, there were two issues of $3,400 million and
two issues of $3,500 million.
Average rates for the new is-
sues are shown in the following table.
Date of issue
,.
.
l^ay 1980
.FEDERAL FISCAL OPERATIONS.
Summary
Table FFO-1. -
of
Fiacal
Operation*
(In millions of dollars)
Budget receipts and outlays
Means of
Borrowing from the publ ic--Federal securities
Fiscal year
or month
Surplus
let
Net
receipts _I/outlays
2_/
deficit (-)
1-2
Public
debt
securities
(1)
188,392
208,649
232,225
264,932
280,997
300,006
81,773
.357,762
401,997
465^940
1971
1972
1973
1974
1975
1976
T.O
1977
1978
1979
(2)
211,425
232,021
247,074
269,620
326,185
366,439
94,729
402,725
450,836
493,221_3/
(3)
-23,033
-23,372
-14,849
-4,689
-45,188
-66,434
-12,956
-44,963
-48,839
-27,281 34
-36,506
16,489
(4)
(5)
-347
-1,269
216
903
-1,060
n.a.
n.a.
n.a.
n.a.
-432
-168
-237
-92
532,427
628,035
568,933
611,546
31,144
52,230
38,287
53,910
43,725
40,752
41,618
40,687
-12,581
11,478
-3,331
13,223
4,585
-409
8,411
July..
Aug. ..
Sept.
Oct...
Nov. .
Dec
33,268
39,353
47,295
33,099
38,320
42,617
40,482
54,279
29,625
47,807
46,841
44,010
-7,214
-14,926
17,670
-14,708
-8,522
-l;993
2,564
5,663
13,379
7,046
11,283
43,.'i29
47,988
47,208
46,566
-4,559
-9,346
-13,215
2,579
6,896
8,860
-51,744
36,932
Feb...,
Mar.
...
Fiscal 1980
to date.
.
.
37,862
33,351
228,677
280,421
ties
27,211
29,131
30,881
16,918
58,953
87,244
14,269
64,130
72,705
54,975
1980 (Est.)
1981 (Est.)
1979-Mar
Apr. .
May...
June.
1980- Jan
Agency
securi-
119
268
10
724
-1,380
-1,417
-1,640
-71
-18
-13
-19
-80
-64
-22
-35
-18
Investments of
Government accounts 4/
(6)
7,417
f inancing--net
transactions
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Footnotes to Table FFO.-l.
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government,
Note: Budget estimates are based on the Current Budget Estimates, March
1980, released on March 31, 1980, by the Office of Management and Budget.
For detail see Table FFO-2.
1/
For detail see Table FFO-3.
il
II
The joint Treasury-Office of Management and Budget Press Statement,
released with the Monthly Treasury Statement, has adjusted these totals
to include operating expenses and interest receipts of the Exchange
Stabilization Fund. The totals in the press release are $A93.6 billion
for outlays and $-27.7 billion for the deficit.
For detail see Table FFO-6.
Beginning fiscal 1975, balances "Within general account of the U.S.
5/
Treasury" are presented in columns 9 and 13.
6/
Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
Represents activity of the International Monetary Fund.
Includes: public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
9/
Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassification
of Commodity Credit Corporation certificates of interest; fiscal 1974
conversion of interest receipts of Government accounts to an accrual
basis; and net outlays of off-budget Federal agencies.
Also includes
rural electrification and telephone revolving fund since May 12, 1973,
Postal Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fund from August
22, 1974, through September 30, 1977 and Pension Benefit Guaranty
Corporation since September 17, 1974,
For detail see Table FD-6.
10/
n.a, Not available,
r Revised.
7/
8/
. ,., .
.
,
M.ay 1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipte by Source
(In millions of dollars)
Social insurance
taxes and contributions
Income taxes
Fiscal year
or month
Net
budget
receipts
Corporation
Employment taxes and contributions
Net
income
taxes
Withheld 1/
1071
188,392
1072
1973
1974
1975
1976
208, 649
Old-age, disability, and
hospital insurance
76,490
83,200
98,093
112,092
122,071
123,441
32,950
144,857
165,254
195,331
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
47,804
56,215
14,522
14,143
21,866
23,952
34,013
27,367
958
29,293
32,070
33,705
86,230
94,737
103,246
118,952
122,386
131,603
38;801
157,626
180,988
217,841
30,320
34,926
39,045
41,744
45,747
46,783
9,809
60,057
65,380
71,448
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,164
5,428
5,771
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,892
59,952
65,677
113,015
126,903
139,153
157,571
163,007
172,204
47,175
212,512
240,940
283,518
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,701
102,589
118,521
518
447
479
535
360
408
1977
1978
1979
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,940
1980 (Est.).
1981 (Est.).
532,427
628,035
226,256
273,043
61,341
63,106
46,080
52,849
241,517
283,300
80,286
80,240
6,045
6,129
74,241
74,111
315,758
357,411
138,052
160,689
530
1979-Mar....
31,144
52,230
38,287
53,910
16,194r
15,544
16,742
18,084
3,128r
17,975
5,696
8,424
11,068
8,489
7,864
940
8,255
25,029
14,575
25,568
9,879
10,418
1,870
16,016
578
651
467
376
9,301
9,767
1,403
15,640
17,556
34,796
15,978
41,208
9,446
11,965
12,925
9,312
9,446
11,965
12,925
8,675
33,268
39,353
47,295
33,099
38,320
42,617
16,714
16,955
16,194
17,777
18,725
19,402
1,241
1,041
7,349
1,183
869
952
781
201
278
342
163
17,086
17,215
23,341
18,682
18,972
20,192
2,518
1,661
10,096
2,543
1,684
10,667
499
293
463
1,068
524
460
2,019
1,368
9,633
1,476
1,160
10,206
19,105
18,583
32,975
20,158
20,133
30,398
8,784
13,217
10,087
7,957
11,899
7,751
8,784
8,784
10,087
7,957
11,899
7,751
43,479
37,862
33,351
17,821
19,466
18,077
9,061
1,237
3,007
5,181
12,027
26,856
15,522
9,056
2,702
2,117
10,255
465
697
747
2,237
1,420
9,508
29,093
16,942
18,565
9,502
14,439
10,541
9,502
14,439
10,541
228,677
111,267
16,030
18,017
109,281
29,968
3,961
26,008
135,289
62,089
62,089
T.O
Apr.
. .
May
June.
.
July...
Aug....
Sept.
Oct
.
Nov.
. .
Dec.
. .
1980-Jan
Feb....
Mar
Fiscal 1980
to date, . .
589
26
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
1071
1972
1973
1974
1975
1976
T.O
,
1077
,
19 78
,
1979
,
1980(Est.).,
1981(Est.)..
1979-Mar
1
ORG
,008
,180
1
.411
706
2,915
3,174
3,428
51
139,917
163,102
16,868
18,727
56
63
16,812
18,664
2,916
3,330
3,737
3,759
9,636
12,044
13,250
8,696
204
1,623
4,872
6
198
15
1,608
4,864
197
188
225
223
219
214
307
284
315
270
540
513
538
491
8,857
13,577
10,310
8,013
12,259
7,963
1,207
2,849
1,204
2,847
154
840
1,650
204
224
425
504
740
344
530
524
229
276
309
304
278
286
277
507
9,526
14,824
10,747
676'
675
250
319
574
1,491
1,490
208
228
239
309
300
543
544
.
.
,
324
June.
.
21
20
73
72
360
223
3o0
223
.
539
2,193
2,431
2,636
2,305
2,950
28
79
324
Fiscal 1980
to date.
1,916
2,058
2,146
2,302
2,513
2,760
2,395
2,950
3
100
Feb
Mar
1,253
1,340
1,427
1,704
1,901
1,937
Other
retirement
1,OOS
1.822
2,100
70
1980-Jan
Federal
employees
retirement
328
1,009
1,823
2,100
1,480
1,525
190
.
Federal
supplementary
medical
insurance
3,674
4,357
6,051
6,837
6,771
8,054
2,698
11,312
13,850
15,387
1
,
.
Net contributions for other
insurance and retirement
41,699
46,120
54,876
65,892
75,204
79,909
21,803
92,210
103,893
120,074
1,000
1,100
1,412
1,400
1,525
.
July...
Aug....
Sept..
Oct. .
Nov. .
Dec. ...
137,522
160,152
Continued
Net
unemployment
insurance
Net
employment
taxes and
contributions
.
Apr.
May.
-
Unemployment insurance
Con.
537
Railroad retirement accounts
081
,
-
400
518
636
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,310
102,071
117,884
55
55
360
212
360
212
rs
23
385
207
385
1,243
207
1
,243
3,682
4,370
6,070
6,863
6,804
8,085
2,704
11,347
13,892
15,438
157
842
1,652
206
212
5,079
13
19
26
33
32
6
36
42
34
246
236
1,769
37
39
41
45
52
54
13
59
62
66
71
72
3,207
3,437
3,614
4,051
4,466
4,7i2
1,258
5,167
5,668
6,130
6,724
7,161
...
.
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Soarce-Continued
(In millions of dollars)
Social insurance
taxes and
contributionsr
Continued
Fiscal year
or month
1<)71
T.O
1977
1978
1979
1980 (Est.).
1981
(Est.)
1979-Mar
Apr.
.
.
June.
.
May
July...
Aug.;...
Sept.
.
Oct
Nov. .
Dec ...
.
i980-Jan
Feb....
Mar
Plscal 1980
to date. . .
Miscel laneous
Net
social
insurance
taxes and
contributions
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,688
123,410
141,591
1972
1973
1974
1975
1976
Excise taxes
163,454
188,926
10,373
14,165
18,652
9,375
10,566
17,164
10,809
9,384
14,433
8,675
10,775
16,857
11,499
10
Airport and airway trust fund
Highway trust fund
?Aay 1980
,
1
E
D
D
00
CO
U
D
FEDERAL FISCAL OPERATIONS
,
.
t
.
Treasury Bulletin
.FEDERAL FISCAL OPERATIONSTable FFO-3.
-
Budget OutlayB by Agency
(In millions of dollars)
Fiscal year
or month
1971
1972
1973
Legislative
branch
384
'.
..
1974
1975
1976
T.O
1977
1978
1979
1980 (Est.).
1981 (Est.).
1979-Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct.
Nov.
Dec.
1980- Jan....
Feb
Mar
Fiscal" 1980
to date.
.
.
The
judic iary
Executive
Office
Funds appropriated
of the
to
President
President
the
Defense Department
Agriculture Department
Commerce
Depart-
Energy
Department
1/
2/
I
Wealth,
Education
& Welfare
Departmen
Housing & Inerior
Urban De- Departvelopmen
Department l^t t^j
Justice
Depart-
.
.
May
s
.
.
1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undittribated Offitttinf Raceipta
(In millions of dollars)
Federat employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dep t
Office of
Personnel
Management
Federal Old-Age,
Disability," and
hospital Insurance
Civil Service
Retirement and
Disability Fund
727
742
816
911
1,082
1,138
294
1,152
1,266
1,342
1,876
2,018
5,101
1,756
1,918
2,080
Interest credited to certain Government accounts
Other
1971-.,
1072
1<)73
1974
1975
1976
.T.O
1977
1978
1979
1980 (Est).
198J (Est).
n.a.
n.a.
1979-Mar...
117
Apr.
107
119
lis
.
May...
June,
July..
Aug...
Sept.
Oct
Nov.
Dec,
117
122
118
108
111
110
.
.
.
Soldiers' &
Airmen'
Home
Permanent
Fund
1/
10
652
980
1,024
592
99
2,192
2,427
2,511
1,204
1,170
1,417
176
251
200
206
198
353
125
303
227
217
n.a.
n.a.
69
50
60
383
427
369
384
58
90
718
59
63
61
110
188
Feb
126
125
213
61
62
297
90
lar.
.
.
.
.
,
2,611
2,768
2,927
3,319
3,980
4,242
985
4,548
4,863
5,271
n.a.
n.a.
1.980-Jan
Fiscal 1980
to date.
Health, Education, and Welfare Department
Defense
Department
373
565
960
470
400
388
359
401
514
2,530
n.a.
Federal Old-Age
and Survivors
Insurance
Trust Fund
Fad^ral
Disability'
Insurance
Trust Fund
1,617
1,718
1,848
2,039
2,296
2,346
80
2,275
2,153
1,919
324
388
435
479
n.a.
n.a.
n.a.
n.a.
512
467
Federal
Hospital
Insurance
Trust Fund
183
190
198
406
607
708
Federal
Supplementary
[ledical
Insurance
17
29
43
77
104
104
13
5
4
374
249
770
780
303
868
132
229
362
34
57
55
7
683
128
9
13
2
89
13
32
59
3
95
10
592
161
5
16
2
80
13
50
11
8
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS-
a
9
b
T3
9
n
U3
o
b
b
c
May
1980
.FEDERAL FISCAL OPERATIONS-
jn
....
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.
-
Inveitment Tranaactioat of OQvernment Acconnti is Federal Secaritias (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
1971
1972
1973
1974
1975
1976
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1
T.Q
1977
1978
l'i7Q
T980 (Est.)
1^81 (Est.)
1979-Mlr...
Apr.
May .
June.
July..
Aug.
Sept..
Oct...
Nov.
.
.
.
.
Dec.
.
..,
1980-Jan,.,
Feb...
Mar..
Fiscal 1980
to date.
.
.
Federal
Disability
Insurance
Trust
Fund
Federal
Federal
SuppleHospital
mentary
Insurance
Medical
Trust Fund
Insurance
Trust Fund
Housing and Urban Development Department
Government National
Mortgage Assn.
'
Federal
Housing
Administration Partici
pation
Sales
Fund
Federal
Insurance
Administration
Labor Department
Unemployment Trust
Fund
May
11
1980
-FEDERAL FISCAL OPERATIONS,
ti
.a
M
O
9
.a
o
a
P4
h
I
I
o
.a
09
s
s
Treasury Bulletin
12
.FEDERAL OBLIGATIONS.
"ObligaCions"
is control led
at
to
in
are
the basis on which
Che Federal
the use of funds
They are recorded
Government,
the point at which the Government makes a firm commitment
or services and are Che first of the four
acquire goods
key
events --order,
characterize
del i very
payment
,
consumption --which
the acquis! ti on and use of resources.
In gen-
Obligations
vices received,
and similar transactions requiring the dis-
bursement of money.
strategic
point
resents
stage of Government transactions is
in gauging
for business
the Impact of
a
the Government'
f
requen tly rep-
firms the Government commitment which
stimulates business investment, including inventory purchases
employment
of labor.
Disbursements may not occur
months
after the Government places
itself
usually
causes
wages
and
,
for example
,
for
its order but
the order
immediate pressure on the
private
economy.
All payments
compensation, whether the personal services are used
sonnel
In current opera
ions or in the cons true tion of capital
t
Federal agencies and firms
often
items.
do business with one
another; In doing so, the "buying" agency records obligations,
from
Tables FO-2 and
3
Obligation
counts
In Table
that are incurred wi thin the Government are
obli gat ions
,
distinguished
those
incurred ou Cside the
Government.
show only those incurred outside.
data for the admlnl
s
Cra tive budget
fund ac-
first publ ished In the September 1967 Treasury
were
Bulletin and Che trust fund accounts were first published in
the October
Bulletin,
adopted
1<*67
the
Bulletin.
Beginning with the April
19fa8
data are on the basis of the budget concepts
pursuant
to
the recommend a tions of
the President'
Commission on Budget Concepts.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, November 30, 1979
(.n million
set
are reported as per-
and the "performing" agency records reimbursements.
operations on Che national economy, since it
and
salaries
for
FO-1
The obligatlonal
to a uni form
action without regard to its ultimate purpose.
they consist of orders placed, contracts awarded, ser-
eral,
are classified according
which are based upon the nature of the trans-
of categories
13
lAay 1980
.FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, November 30, 1979
Treasury Bulletin
14
FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, November 30, 1979— Continued
(In millions of dollars)
M^ay 1980
15
.FEDERAL OBUGATIONS-
u
I
B
J3
O
i
s
Treasury Bulletin
16
.FEDERAL OBLIGATIONS.
"Obl iga tions"
the basis on which
are
the Federal Government.
is
controlled
at
the point at which the Government makes
to
events- -order
characterize
payment
del i very,
,
the acquis!
t
,
,
a
firm commitment
the four
consumption- -which
ion and use of resources.
they consist of orders placed,
vices received
,
Obligations
the use of funds
They are recorded
or services and are the first of
acquire goods
key
eral
in
In gen-
bursement "f money.
salaries
for
in current
stage of Government transactions is
in
gauging
the
a
impact of the Government'
for business
firms the Government commi tment which
stimulates business investment, including inventory purchases
and
employment
,
for example
opera t ions or
in the cons true
Federal agencies and firms
,
are repor ted as per-
often
t
ion of capital items.
do business with one
another; in doing so, the "buying" agency records obligations,
of labor.
Disbursements may not occur
months
after the Government places
itself
usually
causes
for
its order but
the order
immediate pressure on the
private
econumy.
In Table
obligations that are incurred wi thin the Government are
,
distinguished
from
Tables FO-2 and
counts
incurred outside the
those
data for the administrative budget fund ac-
first published in the September
were
Government.
show only those incurred outside.
3
Obligation
operations on the national economy, since it frequently represents
wages
and
and the "performing" agency records reimbursements.
The obligational
point
All payments
com pen sat ion, whether the personal services are used
sonnel
FO-l
strategic
to a uniform set
action without regard to its ultimate purpose.
contracts awarded, ser-
and similar transactions requiring the di s-
are classified according
which are based upon the na ture of the trans-
of categor ies
l'>67
Treasury
Bulletin and the trust fund accounts were first published
the October
Bulletin,
adopted
I'^bl
the
Bulletin.
Beginning with the April
data are on the basis of the budge
pursuant
Co
the recommendations of
t
concepts
the President's
Commission on Budget Concepts.
Table FO-l. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, December 31, 1&79
(
,n
millions of doH^rs^
Gross obligations incurred
Object class
Personal servict^s and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel
Contrac tual services and suppl ies
Travel and transportation of persons
Transportation of thines
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 indemni tes
Interest and dividends
Refunds
,
Other
Unvouchered
Undistributed U.S. obligations
Cross obligations incurred 1/
17,300
17
237
3,260
669
231
546
432
813
246
7,965
3,902
1,196
285
16,733
10,313
5,319
1.659
7,025
2,202
1,226
31,255
46,205
16,539
132
33
596
l§$5:SS$$§&§§^
in
19t»8
}Aay 1980
17
.FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, December 31, 1979
Treasury Bulletin
18
FEDERAL OBLIGATIONS.
Table FO-2, - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, December 31, 1979—Continued
(Tn millions of dollars)
Acquisition of
capital assets
Classification
Equipment
Lands
^ay
1980
19
.FEDERAL OBUGATIONS.
«) \0 00
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m IN en
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o^
coty -J a> -T
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^-1
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-J
r-
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^ ^
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20
Treasury Bulletin
ACCOUNT OF THE
U.S.
TREASURY
Source and Availability of the Balance in the Account of the U.S. Treasury
The operating cash of the Treasury is maintained in
Treasury's accounts with the Federal Reserve banks and branAs
the balances in
ches and in
tax Loan accounts.
the
accounts at the Federal Reserve Banks become depleted, they
are restored by cal ling in (Wi thdrawing) funds from thousands
authorized
of financial institutions throughout the country
to maintain tax and loan accounts.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
all financial institutions whereby customers of
financial
institutions deposit with them tax payments and funds for
the purchase of Government securities.
In most
cases the
transaction involves merely the transfer of funds from a
customer's account to
the tax and loan account in the
same
financial
institution.
On occasions, to the extent authorized by the Treasury, financial institutions are permitted
to deposit in these accounts
proceeds from subscriptions to
public debt securities entered for their own account as well
as for the accounts of their customers.
Under authority of P.L. 95-147, the Treasury implemented
a program on November
2, 1978,
to invest
a portion of its
operating cash in obligations of depositaries maintaining tax
and loan accounts. Under the Treasury Tax and Loan investment
program, depositary financial
institutions select the manner
in which they will participate in the program.
Depositaries
that wish to
retain funds deposited in their tax and loan
accounts in interest-bearing
obligations participate under
the Note Option; depositaries that wish to
remit the funds
to the Treasury's account at Federal
Reserve banks participate under the Remittance Option.
Table UST-1.
-
The tax and loan system permits the Treasury to collect
funds through financial institutions and to leave the funds
in Note Option depositaries and in the financial communities
in which they arise until such time at the Treasury needs the
funds for its operations. In this way the Treasury is able to
neutralize the effect of its fluctuation operations on Note
Option financial institution reserves and the economy.
Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury operating balance 1/
through
Aval Lable f unHs in
demand accounts at:
End of
fiscal year
Funds In process
of collection
or month
Total
Federal
Reserve
banks
1971
1972
1973
1974
1975
1976
T.Q
1977
1,274
2,3A4
,
,
1978
1979
,
197«)-Apr.
May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
.
1980-Jan.
Feb.
Mar.,
Apr.
Other
depositaries
3/
Federal
Reserve
2/
2,919
5,773
11,975
13,299
15,740
7,372
7,634
8,433
6,152
1,475
2,854
4,119
3,364
16,647
6,489
5,797
17,687
22,444
24,176
257
253
3,100
1,974
3,290
5,242
2,683
14,195
8,342
4,657
17,485
1,324
2,765
3,542
6,489
2,209
2,590
4,075
10,765
3,408
17,687
8,251
3,001
11,849
13,530
6,9 50
24,176
10,460
5,591
15,924
428
166
253
178
175
268
2,931
2,417
13,671
8,271
2,334
4,561
5,820
13,869
16,602
10,688
8,154
18,430
A, 038
,
Treasury tax
and loan note
accounts
139
106
343
7
Other
depositaries j*_/
3,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
419
187
252
243
276
369
235
179
117
135
184
147
-18
11
33
164
437
Time deposits
and other
interestbearing
demand
accounts
76
55
31
24
31
17
15
33
14
322
272
20
205
1,184
20
Other
demand
accounts
5/
Coin
Miscelcurrency
laneous
and coinage items
metal
Gold
balance
6/
Balance in
account of
the U.S,
Treasury
..
May
1980
21
ACCOUNT OF THE
Table UST-2.
Elements of Changes
-
in Federal
U.S.
TREASURY.
Reserve and Tax and Loan Note Account Balances
(In millions of dollars)
Credits and withdrawals
Federal Reserve accounts 1/
Fiscal year
or month
Tax and loan note accounts
Credits 2/
Received
directly
Proceeds from sales of secojriLies
Received
through reWithdrawals 3/
mittance option
tax and
loan
deposi taries
^>t
Taxes 6/
Total
credits
Withdrawals
(transfers to
Federal Reserve
accounts)
Marketable
issues
Nonmarke table
issues 5/
16,683
19,375
15,812
10,571
9,072
2,897
2,578
2,849
3,314
3,270
3,104
3,366
3,676
910
3,908
3,838
2,666
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
302,496
296,809
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
271,033
306,334
299,475
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
271,787
303,901
287,585
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
1977.
1978.
1979.
725,280
810,481
209,758
875,071
952,116
983,693
54,068
722,427
804,282
208,434
872,627
951,209
1,047,919
1979-Apr..
May..
June.
105,145
93,570
80,996
5,195
4,556
6,605
112,966
99,252
86,285
239
202
174
28,482
22,399
34,407
28,721
22,601
34,581
25,438
25,160
23,069
July.
Aug..
Sept.
Oct..
Nov.
Dec.
7 7,809
93,247
69,962
86,495
94,200
30,428
4,499
4,278
5,128
4,402
4,373
5,553
82,833
96,748
72,143
95,177
98,192
84,496
174
183
138
156
147
139
21,988
22,963
29,298
22,120
23,301
30,762
22,162
23,146
29,436
22,276
23,448
30,901
25,592
30,503
15,157
31,712
28,698
22,053
1930-Jan..
87,351
90,618
100,389
115,391
4,604
4,707
5,467
5,546
93,099
95,839
105,939
118,710
162
126
22,883
25,527
23,045
25,653
21,223
31,053
116
30,620
30,959
30,736
31,066
33,187
23,017
Feb.
.
Mar..
Apr.
107
During period
End of period
Fiscal year
or month
Low
Federal
Reserve
Tax and
Loan Note
Accounts
Federal
Reserve
Tax and
Loan Note
Accounts
Federal
22
Treasury Bulletin
.
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
.
i
,
^ay 1980
23
.MONETARY STATISTICS.
Table MS-1.
-
Currency and Coin
in Circulation
(In millions of dollars except per capita figures)
Currencies to longer issued
End of
fiscal year
or month
1971
1972
1973
1974
1975
1976
Federal
Reserve
bank
notes
National
bank
notes
54
1890
Total
currencies
United
States
notes
Federal
Reserve
notes ^/
321
320
320
321
322
322
322
317
312
51,304
54,572
59,664
65,185
72,093
79,028
79,597
87,349
06,566
106,681
51,922
55,184
60,273
65,793
72,700
79,634
80,201
87,947
97,159
107,270
1977
1978
1979
49
48
48
1979-Mar.
Apr.
May..
June.
48
48
48
48
20
20
20
20
207
207
207
207
313
312
312
312
100,632
101,748
103,774
104,779
101,223
102,339
104,365
105,370
July.
Aug.
Sept.
Oct..
Nov.
48
48
48
48
20
20
20
20
48
20
Dec
207
207
207
206
206
312
312
312
311
311
105,950
106,897
106,681
108,027
109,905
106,540
107,488
107,270
108,617
110,494
48
20
206
311
113,353
113,942
48
20
48
20
206
206
206
311
311
311
108,927
109,168
110,592
109,515
109,757
111,180
1980- Jan..
Feb..
Mar..
End of
fiscal year
or month
1971
1972
1973
1974
1975
1976
212
211
210
209
208
207
207
313
Total Currency
and Coin in
circulation 5/
Fractional
coin
482
633
705
765
Currency and Coin in
c ircula tion
per capita
(in dollars) 6/
6,472
7,016
7,498
8,040
8,496
9,244
9,348
9,876
10,504
11,446
58,393
62,201
67,771
73,833
81,196
88,877
89,548
97,823
107,663
118,716
282.03
297.84
322.11
348.44
380.06
413.17
415.37
450.08
491.52
536.74
T.O
1977
1978
1979
1,063
1,435
5,990
6,383
6,793
7,275
7,681
8,303
8,397
8,877
9,441
10,011
1979-Mar.
Apr.
May.
June
1,154
1,165
1,183
1,327
9,658
9,730
9,820
9,879
10,813
10,895
11,003
11,205
112,036
113,234
115,368
116,575
509. 02r
July
Dec.
1,423
1,440
1,435
1,438
1,445
1,441
9,933
9,988
10,011
10,070
10,143
10,216
11,355
11,428
11,446
11,508
11,588
11,658
117,895
118,914
118,716
120,125
122,082
125,600
534.41
538.52
536.74
542.66
551.03
566,49i
1980- Jan.,
1,445
10,196
1,456
1,461
10,224
10,302
11,641
11,680
11,763
121,157
121,436
122,943
816
941
951
999
Aug.,
Sept,
Oct.,
Nov.
Feb.
Mar.
Source:
y
Treasury
notes of
T.O
.
2/
218
215
213
Currencies Presently
being issued \_/
Federal
Reserve
notes 3/
50
50
49
51
.
4/
Silver
certif
cates
20
20
20
20
20
20
20
20
20
20
53
52
.
_1/
Gold
certificates 2/
Statement of United States Currency and Coin.
Excludes gold certificates. Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
Issued prior to January 30, 1934.
Issued prior to July 1, 1929.
Issued on and after July 1, 1929.
5/
W
_7/
*
514.51
523.82
528.89
y
546.07
545. 63r
553.42
Excludes Currency and Coin held by th^ Treasury and Currency and
Coin held by or for the account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population.
Highest amount to date.
Less than $500,000.
_.
R^^i^^j.
-
,
Treasury Bulletin
24
.FEDERAL DEBT,
Table FD-1.
-
Summary
of Federal
Debt
(Tn millions of dollars)
Amount outstanding
End of
fiscal year
or month
Publ ic
debt
securities 1/
Securities held by:
Government accounts
Agency
securi-
Public
debt
secur i
ties
ties
1971
1972
1973
1974
1975
1976
409,467
437,329
468,426
486,247
544,131
631,866
646,379
709,138
780,425
833,751
T.n
1977
1978
1979
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
771,544
826,519
12,163
10,894
11,109
12,012
10,943
11,433
11,678
10,298
8,881
7,232
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
169,477
189,162
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
167,973
187,683
1978-Mar..
747,844
737,951
9,893
154,534
152,718
1979-Mar..
804,624
Apr.
May..
June.
804, ^46
812,220
812,247
796,792
796,383
804,794
804,913
7,832
7,663
7,426
7,334
167,767
172,153
178,522
180,006
166,274
170,671
177,039
178,525
July.
Aug..
Sept.
Oct..
Nov.
814,740
820,385
833,751
833,999
840,965
852,184
807,477
813,140
826,519
826,787
833,833
845,116
7,263
7,245
7,232
7,213
7,132
7,068
177,668
180,046
189,162
187,193
188,611
188,623
176,190
178,569
187,683
185,714
187,133
187,148
854,741
861,603
870,444
847,695
854,591
863,451
7,046
7,011
6,993
185,979
190,775
187,814
184,499
189,290
186,328
.
Dec
1980- Jan.
Feb.
Mar.
Agency
May
1980
25
FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
or month
Total
interestbearing
public
debt
Nonmarketable
Treasury
notes
Bill
1/
Treasury
U.S.
bonds
savings
bonds
1971
1972
1973
1974
1975
1976
T.q
1977
1978
1979
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
766,971
819,007
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
485,155
506,693
86,677
94,648
100,061
105,019
128,569
161,198
161,505
156,091
160,936
161,378
104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
267,865
274,242
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45,724
56,355
71,073
150,816
168,158
193,382
206,663
216,516
226,673
225,897
254,121
281,816
312,314
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
79,798
80,440
1978-Mar.
736,929
478,252
165,652
262,179
50,420
258,677
77,804
1979-Apr.
Hay.
June
795,434
803,816
799,863
504,585
506,867
499,343
163,730
163,076
159,890
275,311
276,123
272,066
65,544
67,668
67,387
290,849
296,949
300,520
80,426
80,430
80,460
July
806,508
812,095
819 007
825,736
832,730
843,960
506,994
509,187
506,693
515,033
519,573
530,731
159,938
160,489
161,378
161,692
165,100
172,644
278,257
277,582
274,242
280,832
279,723
283,379
68,799
71,116
71,073
72,510
74,751
74,708
299,514
302,909
312,314
310,703
313,157
313,229
80,524
80,503
80,440
80,178
79,669
79,517
846,517
854,591
862,211
535,658
540,636
557,493
175,522
177,422
190,780
283,990
286,814
290,390
76,147
76,400
76,323
310,859
312,730
304,718
78,247
77,338
75,643
868,866
564,869
195,296
291,831
77,741
303,997
73,889
Aug.
Sept
Oct.
Nov.
Dec.
1980- Jan.,
Feb.
Mar.,
Apr.
Nonmarktable
End of
fiscal year
or month
seri es
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2,247
2,246
2,245
1978-Mar.
2,245
22,614
1979-Apr.
May.
June
2,245
2,245
2,245
21,266
21,008
22,657
July
Dec.
2,245
2,245
2,245
2,245
2,245
2,245
1980-Jan.
Feb,
Mar.
2,245
2,245
2,245
Oct.
Nov.
Apr.
23
22
19
16
16
9
9
7
7,606
16,913
26,781
23,412
21,617
19,901
19,215
20,510
20,912
23,965
Foreign
currency
denominated 3/
Foreign
currency
denominated
1,664
2,072
1,743
1,599
1,599
1,599
1,599
1,289
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
153,271
176,360
3,389
1,322
1,407
2,002
1,361
2,611
3,419
14,543
24,813
25,149
137,956
17,013
4,150
4,150
4,150
158,178
164,552
166,274
24,578
24,558
24,729
23,865
23,538
23,965
23,860
23,895
23,551
4,150
4,150
4,150
4,150
5,269
5,269
163,882
167,301
176,360
175,267
176,992
177,460
24,842
25,167
25,149
24,996
25,080
25,183
23,608
23,206
20,464
6,437
6,437
6,437
174,904
178,415
175,451
25,413
25,085
24,468
19,813
6,437
179,652
24,196
Source:
Monthly Statement of the Public Debt of the United States.
As of July 1974, includes Federal Financing Bank.
1/
Consists of certificates of indebtedness. Treasury notes beginning
2/
January 1963, Treasury bonds beginning September 1964, and TreSsuary
bills beginning March 1975, sold to foreign governments for U.S. dollars.
Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962-April 1967; and
y
Government
account
Depositary
series
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
Sept
Continued
Foreign series
Investment
series
Dollar
denominated 2/
Aug.
-
768
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
4/
As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Treasury Bulletin
2(i
FEDERAL DEBT.
Table FD-4.
Government Account Series
-
(In millions of dollars)
Airport and
Airway
trust fund
End of
fiscal year
or month
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
1977.
1978.
1979.
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
153,271
176,360
Exchange
Stabilization
Fund
878
1,936
2,529
2,712
3,246
3,687
4,377
1,242
1.424
2,934
2,364
1,451
1,512
1,529
2,050
1,763
4,266
137,956
3,583
1979- Apr..
May..
June.
158,178
164,552
166,274
July.
Aug.
Sept.
Oct..
Nov.
.
.
Dec
1980-Jan.
Feb.
Mar.
Apr.
,
End of
fiscal year
or month
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability
insurance
trust fund
436
1,367
2,692
3,429
4,829
5,435
7,835
21.644
24,691
27,894
31,201
35,525
40,383
39,607
46,631
53,398
61,369
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
4,053
5,286
2,022
5,082
46,060
4,198
4,267
4,484
2,731
2,411
2,835
6,955
7,102
7,099
163,882
167,301
176,360
175,267
176,992
177,460
4,404
4,451
4,377
4,442
4,537
4,728
3,272
3,377
4,266
4,497
4,475
4,376
174,904
178,415
175,451
179,652
4,839
4,899
4,940
5,037
4,416
4,368
3,740
3,771
156
Federal
Energy
Adminsitration
Federal Home
Loan Bank
44
62
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
2,980
2,834
4,172
7,814
9,711
10,892
10,959
10,924
11,707
13,144
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
26,890
23,251
3,206
11,115
27,117
52,297
51,931
53,339
4,620
4,692
5,089
12,221
12,258
12,742
24,373
26,995
24,047
7,108
7,819
7,835
7,851
8,066
8,074
52,821
52,377
61,369
60,934
60,404
61,969
4,905
4,611
5,286
5,123
5,036
5,326
12,295
12,705
13,144
12,879
12,612
13,057
22,370
22,718
23,251
20,920
22,478
20,582
8,279
8,743
8,757
9,043
61,444
60,959
60,383
59,808
5,316
5,463
12,892
19,273
22,194
20,925
23,613
274
263
5,866
6,327
12,970
13,841
14,054
}Aay 1980
21
.FEDERAL DEBT.
Table FD-5.
-
Interest-Bearing Securities Issued by
(In millions of dollars)
End of
fiscal year
or month
Government Agencies
28
Treasury Bulletin
.FEDERAL DEBT.
FD-6.
-
Participation Certificates
(In million of dollars
End of
fiscal year
or month
-
face amounts)
,
May
1980
29
.FEDERAL DEBT.
Table FD-7.
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
10 -20
20 years
years
and over
14,503
16,033
16,385
14,197
15,385
24,169
31,247
33,067
33,500
32,279
6,357
6,358
8,741
9,930
8,857
8,087
7,939
8,428
11,383
18,489
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
14,805
20,304
132,501
129,454
132,538
130,576
124,443
29,414
31,245
31,235
33,572
33,359
9,635
15,141
16,578
17,326
17,271
12,669
17,254
17,239
18,508
18,462
183,277
182,891
181,883
182,297
180,676
190,403
129,462
130,607
127,574
134.205
133,276
133,173
33,555
32,392
32,279
32,325
34,319
36,592
18,617
18,548
18,489
19,938
19,866
19,796
18,390
20,334
20,304
20,309
22,302
22,262
192,829
195,694
208,542
135,132
137,442
137,514
36,793
37,593
40,151
21,247
21,794
21,725
22,299
22,124
22,104
Within
1 year
years
164,862
210,382
279,782
294,595
326,674
356,501
380,530
74,803
79,509
84,041
87,150
115,677
151,723
153,203
161,329
163,819
181,883
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113,319
132,993
127,574
362,693
380,060
383,315
388,001
377,649
178,474
186,967
185,725
188,018
184,113
Aug.
Sept
Oct.
Nov.,
Dec.
383,102
384,771
380,530
389,074
390,439
402,226
1980-Jan..
Feb..
Mar.
408,300
414,647
430,036
161 ,86!
1971
1972
1973
1974
1975
1976
16 5,07,?
16^,?6<)
T.O
1977
1978,
1979
1978-Mar.
1979-Mar.,
Apr.
May.,
June
July
1
-
5
5
-
10
years
Average length
3
yrs.
l_f
:
30
Treasury Bulletin
FEDERAL DEBT,
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C.
The
757b), as amend-
that
ed, provides that the face amount of obligations issued under
authority
Act, and the face amount of
of that
obligations
tions
exceed
at
any
time.
in the aggregate $400 billion
Public
debt limit
outstanding
Law 96-78 provides that beginning
September 29, 1979, and
shall be temporarily
increased by $479
issued under section 302
the fiscal year
added to
on
1968 and
billion.
provides
(c) of the Federal National
(12 U.S.C,
outstanding
1717 (c) during
at any time shall be
the amount otherwise taken into account in
mining whether the
Public
ending on May 31, 1980, the
of June 30, 1967 (Public Law 90-;^9)
Mortgage Association Charter Act
guaranteed as to principal and interest by the United States,
shall not
Act
the face amount of beneficial interests and participa-
deter-
requirements of the above provisions are
met.
Part A. - Status Under Limitation April
30, 1980
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
$870,009
608
(*)
*
Total public debt subject to limit
869,401
Other debt subject to limit:
Guaranteed debt of Government agencies
Specified participation certificates...
Total other debt subject to limit
538
..••..•......•
1,135
1,673
,
Total debt subject to limit
871,0 74
Statutory debt limit
379,000
Balance of statutory debt limit
7,926
Part B. - Application of Statutory Limitation
April 30^ I960
Amount outstanding
Classification
Interest-bearing debt:
Marketable:
Bills:
Treasury
$195,296
Notes:
Treasury
291,831
Bonds:
Treasury
,
Total marketable
77,741
564,869
Nonmarketable:
Government
Depositary series...................................... ...,•.....,...,•.,.......,
Foreign series:
Dollar denominated
19,613
Public:
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
6,437
179,652
6
,
Total nonmarketable
23,651
42
165
73,889
332
303,997
Total interest-bearing debt
Non-lnterest-bearlng debt:
Matured debt
Other
Total non- interest-bearing debt
Total public debt outstanding
Source: Monthly Statement of the Public Debt of the United States.
*
$500 thousand or less.
266
877
1,143
8:'0,009
,
fAay 1980
51
.FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
End of
fiscal year
or month
International
Development 1/
Federal
Financing
Bank
Federal
Home Loan
Bank Board
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
Programs
2/
1971
1972
1973
1974
1975
1976
31,944
33,039
34,237
35,434
44,674
53,091
451
416
174
327
233
11,977
11,501
10,864
8,608
5,046
2,840
3,556
5,128
11,261
13,927
5,745
6,051
6,563
6,963
7,409
7,512
7,409
7,865
7,865
7,865
7,865
66,353
85,626
105,931
602
13,466
22,413
25,884
35,418
48,078
63,836
1978-Mar.
77,415
42,169
10,230
1979- Apr.
May.
99,971
101,657
103,493
56,610
58,186
60,813
14,996
Oct.
Nov.
Dec.
103,731
104,791
105,931
108,557
111,061
108,225
61,798
62,880
63,836
65,583
66,281
67,382
1980-Jan.
Feb.
Mar.
Apr,
111,800
113,415
115,912
119,653
68,294
T.O
1977
1978
1979
5
June
July
Aug.
Sept
7,3 74
69,267
71,885
74,009
1,247
1,534
1,491
Housing and Urban
Development Department
ExportImport
Bank of
Office of the Secretary
the
United
States
College
housing
Urban
renewal
3/
loans
fund
Other
4/
Treasury Bulletin
32
FEDERAL DEBT.
Footnotes to Table FD-10.
Bureau of Government Financial Operations.
Source:
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
au thorizations for specified Government corporations and other agencles to borrow from the Treasury.
Further detail may be found in
the 1978 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 410-A15, and the 1978 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages
558-560.
And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
\_/
previously issued by the Administrator in connection with informational
media guaranties
The obi i gat ion 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. lU^tl) and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs, Agricultural Credit Insurance
2^f
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
^/ Includes securities transferred from the Reconstruction Finance
1^1
8/
.
,
U^l
5/
6/
;
Corpora tion.
Consists of notes Issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and Housing for the Elderly or Handicapped.
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.
Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration
Administration'); and the Secretary of the Treasury through
May 1964.
Consists of notes issued by the:
International Communication Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 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 S tadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of helium properties beginning May 1964; Bureau of Commerc ial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January 1966 - May 1967 and revenue bonds for Smi thsonian Ins ti tut ion
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974;
Federal Railroad Administration, rail service assistance, beginning
January 1976, and regional rail reorganization, April, 1976;
Bonnerville Power Administration beginning September 30, 1977;
Secretary of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977, and advances for the National Flood Insurance Fund.
Outstanding loans cancelled pursuant to Public Law "^3-426, dated
September 30, 1^74.
^/
J^ay 1980
33
JVEUC
'Table
PDO-L -
Maturity Scheduk of
DEBT OPERATIONS
InteirestrBeeriiig
Marketable Public Debt Securities Other
than Regular Weekly ami &2-Week Treaany BiDB
OutBtandiiig,
Afdl
30, 1980
Treasury Bulletin
34
.PUBUC DEBT OPERATIONS
TU>b
PIX>-2. - O£feriii0i of Bilb
(Amounts in miLlions of dollars)
Description of new Issue
Number of
Maturity
dare
Regular weekly:
(13-week and 26-week)
1980- Jan.
3
10
17
24
31
Feb.
7
14
21
28
Mar.
6
13
20
27
Apr.
3
10
17
24
52-weeks :
1979-Apr.
May
May
June
5
1
29
26
July
24
Aug.
Sept.
Oct.
Nov.
Dec.
18
16
13
21
11
1980-Jan.
Feb.
8
Mar.
Apr.
4
5
1
29
Cash management
1979-Nov.
9
:
Dec.
3
10
1980-Mar.
5
25
Apr.
Apr.
2
7
1980-Apr.
days to
maturity
Amounts of bids accepted
Amount of
l_l
bids
tendered
Total
Amount
On competitive
basis 2/
On noncompetitive
basis 3/
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues outstanding after
new issues
Hay
1980
35
.PUBUC DEBT OPERATIONS
Table FDO-2. - Offerftitp at Bflb-Contmued
On total bids accepted
On competitive bids accepted
High
Average price
per hundred
Equivalent average
rate 8/
Price per hundred
Regular weekly
Feb.
Mar.
Apr.
52-weeks:
1979-Apr.
May
3.
96.940
93.994
12.105
11.880
96.965
94.015
96.929
93.979
12.149
11.910
10.
96.981
94.005
11.944
11.858
96.988
94.027
9/
11.916
11.815
96.972
94.000
11.979
11.868
17.
96.991
94.043
11.903
11.783
97.003
94.052
W
11.856
11.765
96.987
94.037
11.920
11.795
24.
96.919
93.991
12.189
11.886
96.923
93.999
12.173
11.870
96.917
93.987
12.196
11.394
31.
96.957
94.011
12.038
11.846
96.965
94.019 U,/
12.007
11.831
96.952
94.003
12.058
11.862
7.
96.945
93.941
12.086
11.985
96.955 12/
93.959
12.046
11.949
96.942
93.937
12.098
11.993
14.
96.889
93.804
12.307
12.256
96.913 13/
93.829 14/
12.212
12.206
96.876
93.783
12.359
12.297
21.
96.673
93.421
13.162
13.013
96.689
93.453
J_5/
13.098
12.950
96.651
93.403
13.249
13.049
28.
96.537
93.110
13.699
13.628
96.577 16/
93.195
13.542
13.460
96.511
93.064
13.803
13.628
6.
96.174
92.522
15.136
14.792
96.259 17/
92.600 18/
14.800
14.637
96.135
92.479
15.290
14.877
13.
96.112
92.447
15.381
14.939
96.163
92.497 19/
15.179
14.841
96.085
92.417
15.488
14.999
20.
96.196
92.442
15.049
14.950
96.197 20/
92.460
15.045
14.914
96.187
92.422
15.084
14.989
27.
95.821
92.063
16.532
15.699
95.862 21/
92.174
16.370
15.480
95.803
91.936
16.604
15.951
3.
96.199
92.516
15.037
14.804
96.223 22/
92.568
14.942
14.701
96.188
92.485
15.080
14.865
10.
96.354
92.808
14.424
14.226
96.416 23/
92.902
14.178
14.040
96.334
92.745
14.503
14.351
17.
96.507
93.150
13.818
13.550
96.575
93.200 24/
13.549
13.451
96.484
93.128
13.909
13.593
24.
96.782
93.988
12.731
11.892
96.792
94.039
12.691
11.791
96.769
93.963
12.782
11.941
90.719
90.662
90.745
91.073
9.230
9.235
9.153
8.829
90.719 25/
90.698
90.782
91.086 26/
9.230
9.200
9.117
8.816
90.719
90.652
90.727
91.063
9.J30
9.245
9.171
8.839
91.005
90.709
89.997
88.364
88.223
89.212
8.896
9.189
9.893
11.508
11.810
10.818
91.027 27/
90.758
90.032
88.382
88.236
89.258 28/
8.874
9.140
9.858
11.490
11.797
10.772
90.978
90.688
89.980
88.339
88.217
89.198
8.923
9.210
9.910
11.533
11.816
10.832
88.960
88.820
86.511
85.581
89.589
11.040
11.211
13.527
14.459
10.440
89.031
88.855
86.561
85.660
89.733
10.969
11.176
13.476
14.380
10.296
88.910
88.783
86.441
85.543
89.499
11.090
11.248
13.597
14.497
10.530
94.163
95.374
94.881
12.583
11.646
11.738
94.185
95.405
94.885
12.535
11.568
11.729
94.132
95.357
94.872
12.650
11.689
11.758
98.173
98.343
96.395
9 6.508
15.296
16.122
16.857
15.71 5
98.185
98.384
96.449
96.523
15.195
15.723
16.602
15.647
98.163
98.281
96.375
96.498
15.380
16.725
16.948
15.759
5.
1.
June
26.
July
24.
Aug.
Sept.
Oct.
Nov.
Dec.
21.
18.
16.
13.
1980-Jan.
Feb.
Mar.
Apr.
11.
8.
5.
4.
1.
29.
Cash management:
1979-Nov.
Dec
9.
3
10.
5.
25.
Apr.
3.
7.
Source:
Monthly Statement of the Public Debt of the United States and
allotments.
The 13-week bills represent additional issues of bills with an
original maturity of 26 weeks.
For bills issued on or after May 2, 1974 includes amounts exchanged
2_/
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-weeks bill 26-week tender for $500,000 or less from any one
bidder are accepted in full at average prices or accepted competitive
bids; for other issues, the corresponding amount Is stipulated in
each offering announcement.
^/ Includes maturing cash management bills issued Mar. 5, 1980.
5/ Includes maturing cash management bills issued Mar. 25, 1980.
Includes maturing cash management bills issued April 3, 1980.
6^/
1980.
]_/ Includes maturing cash management bills issued April 7,
&_' Bank discount basis.
9/ Except 8620,000 at 97.068.
10/ Except $220,000 at 94.134.
J_l/ Except $15,000,000 at 94.100.
U/ Except $100,000 at 96.962.
j_3/ Except SIO.OOO at 96.945 and $950,000 at 96.921.
U
Equivalent rate 8/
12.007
11.838
29.
1980-Mar.
Price per hundred
:
1980-Jan.
.
Equivalent rate 8/
29/
30/
31/
32/
1^/ Except $20,000 at 93.941.
Except $1,245,000 at 96.914 and $355,000 at 96.847.
96.614.
J^/ Except $700,000 a 96.833, $10,000 at 96.618 and $2,625,000 at
_17/ Except S20,000 at 97,219, $400,000 at 96.335, $445,000 at 96.284 and
$1,300,000 at 271
Except $10,000 at 93.403 and $745,000 at 92.771.
19/ Except $5,000,000 at 92.546.
20/ Except $1,490,000 at 97.946.
Except $500,000 a 96.006.
22/ Except $300,000 a t 96.411 and $4,054,000 at 96.234.
96.423.
23/ Except $580,000 a
24/ Except $100,000 a t 93.225, $300,000 at 93.224 and $2,500,000 at
93.213.
90.415.
25/ Except 5500,000 a
90.823.
26/ Except $500,000 a
27/ Except $2,000,000 at 91.071 and $500,000 at 91.048.
89.282.
28/ Except $665,000 a
89.050.
29/ Except $700,000 a
88.875 and $1,040,000 at 88.865.
30/ Except $500,000 a
21/ Except $1,100,000 at 86.591 and $1,150,000 at 86.587.
32/ Except $2,000,000 at 85.840, $25,000 at 85.739, $2,000,000 at
85.701, $100,000 at 85.693 and $500,000 at 85.690.
r
Revised.
J_5/
;
W
W
;
,
,
Treasury Bulletin
36
-PUBLIC DEBT OPERATIONSL
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills
(Dollar amounts
Description of issue
Issue
date
Apr.
12.
19.
26.
May
3.
10.
17.
24.
31.
June
7.,
Aug.
16..
Sept.
15.
23.
29.
6.
13.
20.
27.
Maturity
date
May 1980
37
.PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
Bills
1'
—Continued
(Dollar amounts in millions)
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
1980-Jan.
3.
IC.
17.
24.
31.
Feb.
7.
21.
28.
Mar.
6.
13,
20.
27.
Apr.
10.
17.
24.
qSO-Apr.
July
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 1/
(Percent)
New money
increase, or
decrease (-)
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Hay
1980
39
PUBLIC DEBT OPERATIONS.
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
(,Uoiidr amounts
in millions;
Treasury Bulletin
40
.PUBLIC DEBT OPERATIONS.
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills— Continued
(Dollar Amounts in millions)
May
1980
41
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-1.
Bureau of the Public Debt.
Source:
Note:
All securities except EA & EO notes and those bearing footnote 5
were sold at auction through competitive and noncompetitive bidding.
For bill issues, always sold at auction, the rate shown is the equl_!/
valent average rate (bank discount basis) of accepted bids.
Other
securities Issued at par except those bearing footnote 5 and those
sold at auction.
For details of bill offerings see Table PDO-2.
^/ From date of additional issue in case of a reopening.
^/ In reopenings the amount issued is In addition to the amount of
original offerings.
4/ For securities exchanged for the new issues see Table PDO-7.
Sold at fixed price by subscription,
5/
6/
Exchange offering available to owners of nonmarketable 2-3/47, Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951.
For further
Information on the original offering see Treasury Bulletin for April
1951, page A-1.
Yields accepted ranged from 7.357. (price 100.108) up to 7.427. (price
7/
99.806) with the average at 7.407. (price 99.892).
Yields accepted ranged from 6.417. (price 99.935) up to 6.517. (price
8/
99.751) with the average at 6.497. (price 99.788).
^/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.007.).
10 /
Yields accepted ranged from 7.007. (price 100.000) up to 7.097. (price
99.761) with the average at 7.057. (price 99.867).
11 /
Prices accepted ranged from 102.14 (yield 8.057.) down to 101.42
(yield 8.127.) with the average at 101.75 (yield 8.097.).
12 /
Yields accepted ranged from 6.577. (price 100.039) up to 6.647. (price
99.925) with the average at 6.627. (price 99.957).
13 /
Yields accepted ranged from 7.507, (price 99.990) up to 7.557. (price
99.818) with the average at 7.547. (price 99.853).
14 /
Yields accepted ranged from 6.717. (price 100.074) up to 6.807. (price
99.908) with the average at 6.767. (price 99.982).
Yields accepted ranged fron 7.357. (price 100.101) up to 7.397. (price
15/
99.940) with the average at 7.387. (price 99.980).
16 /
Yields accepted ranged from 6.597. (price 99.837) up to 6.637, (price
99.765) with the average at 6.617. (price 99.801).
17 /
All accepted subscriptions were awarded at the price of 100.00
(yield 7.8757.).
18/ Prices accepted ranged from 97.50 (yield 8.117.) to 96.36 (yield
8.227.) with the average at 96.73 (yield 8.197.).
Yields accepted ranged from 7.087. (price 100.082) up to 7.197.
19/
(price 99.881)with the average at 7.167. (price 99.936).
20 /
Yields accepted ranged from 7.687. (price 99.796) up to 7.737.
(price 99.625) with the average at 7.717. (price 99.693).
Yields accepted ranged from 6.967. (price 99.844) up to 7.017.
21_/
(price 99.752) with the average at 6.997. (price 99.789).
22/ Yields accepted ranged from 7.507. (price 100.076) up to 7.647.
(price 99.909) with the average at 7.637. (price 99.951).
23 /
Yields accepted ranged from 6.907. (price 99.953) up to 6.967. (price
99.843) with the average at 6.957. (price 99.861).
Yields accepted ranged from 6.887. (price 99.987) up to 6.927. (price
24/
99.880) with the average at 6.917. (price 99.907).
All accepted subscriptions were awarded at the price of 100.00 (yield
25 /
8.007.).
26/
27 /
28/
29 /
30/
31/
32 /
33/
34/
35 /
36/
37/
38 /
39/
40/
''1/
42/
43/
Yields accepted ranged from 7.987. (price 100.215) up to 8.037. (price
99.679) with the average at 8.017. (price 99.893).
Yields accepted ranged from 6.597. (price 100.065) up to 6.697. (price
99.880) with the average at 6.677. (price 99.917).
Yields accepted ranged from 6.907. (price 99.903) up to 6.947. (price
99.764) with the average at 6.937. (price 99.799).
Yields accepted ranged from 6.277. (price 99.963) up to 6.327. (price
99.870) with the average at 6.307. (99.907).
Yields accepted ranged from 7.027. (price 99.894) up to 7.107. (price
99.557) with the average at 7.087. (price 99.641).
Yields accepted ranged from 5.887. (price 99. 991) up to 5.997. (price
99.787) with the average at 5.967. (price 99.842).
Yields accepted ranged from 6.327. (price 99.811) up to 6.377. (price
99.677) with the average at 6.367. (price 99.704).
Yields accepted ranged from 7.007. (price 100.000) up to 7.027. (price
99.891) with the average also at 7.027..
Prices accepted ranged from 101.05 (yield 7.777.) down to 100.58
(yield 7.827.) with the average at 100.79 (yield 7.807.).
Yields accepted ranged from 5.767. (price 99.981) up to 5.947. (price
99.647) with the average at 5.867. (price 99.795).
Yields accepted ranged from 5.877. (price 100.007) up to 5.927. (price
99.829) with the average at 5.917. (price 99.864).
Yields accepted ranged from 5.297. (price 99.925) up to 5.387. (price
99.757) with the average at 5.377. (price 99.775).
Yields accepted ranged from 6.157. (price 99.872) up to 6.207. (price
99.656) with the average at 6.197. (price 99.699).
Yields accepted ranged from 5.947. (price 99.880) up to 5.997. (price
99.787) with the average at 5.977. (price 99.824).
Yields accepted ranged from 6.657. (price 99.839) up to 6.647. (price
99.625) with the average at 6.627. (price 99.678).
Yields accepted ranged from 7.217. (price 100.217) up to 7.277. (price
99.892) with the average at 7.257. (price 100.000).
Yields accepted ranged from 7.587. (price 100.530) up to 7.637. (price
99.941) with the average also at 7.637..
Yields accepted ranged from 5.957. (price 99.861) up to 5.997. (price
99.786) with the average at 5.937. (price 99.805).
^4/
it5/
46/
47/
48/
49/
50/
—
52/
—
53/
—
54/
—
55/
—
56/
—
57/
—
58/
—
59/
—
60/
—
61/
—
—
63/
—
51/
(,2/
64/
65/
—
66/
—
67/
—
68/
—
69/
—
—
—
—
—
—
—
—
—
—
70/
71/
72/
73/
74/
75/
76/
77/
78/
79/
—
81/
—
32/
—
33/
—
34/
—
35/
—
36/
—
—
38/
—
80/
q-j
/
Yields accepted ranged from 6.857. (price 100.074) up to 6.907. (price
99.898) with the average at 6.887. (price 99.968).
Yields accepted ranged from 5.997. (price 100.019) up to 6.037. (price
99.944) with the average at 6.027. (price 99.963).
Yields accepted ranged from 6.987. (price 100.058) up to 7.037. (price
99.846) with the average at 7.027. (price 99.889).
Yields accepted ranged from 5.847. (price 100.065) up to 5.89?.(price
99.972) with the average at 5.877. (price 100.009).
Prices accepted ranged from 100.00 (yield 7.247.) down to 99.76 (yield
7.297.) with the average at 99.81 (yield 7.287.).
Prices accepted ranged from 98.54 (yield 7.757.) down to 98.13 (yield
7.787.) with the average at 98.25 (yield 7.777.).
Yields accepted ranged from 6.207. (price 99.861) up to 6.257. (price
99.768) with the average at 6.237. (price 99.805).
Yields accepted ranged from 6.757. (price 99.984) up to 6.827. (price
99.738) with the average at 6.807. (price 99.808).
Yields accepted ranged from 6.117.(prlce 100.028) up to 6.147. (price
99.972) with the average at 6.147. (price 99.972).
Yields accepted ranged from 7.277. (price 99.792) up to 7.307. (price
99.520) with the average at 7.297. (price 99.611).
Yields accepted- ranged from 6.257. (price 100.000) up to 6.357. (price
99.815) with the average at 6.347. (price 99.834).
Yields accepted ranged from 6.787. (price 99.920) up to 6.857. (price
99.733) with the average at 6.847. (price 99.760).
Yields accepted ranged from 7.247. (price 100.054) up to 7.277. (price
99.892) with the average at 7.267. (price 99.946).
Prices accepted ranged from 99.10 (yield 7.707.) down to 98.80 (yield
7.737.) with the average at 98.94 (yield 7.727.).
Yields accepted ranged from 6.657. (price 99.954) up to 6.687. (price
99.899) with the average also at 6.687..
Yields accepted ranged from 6.807. (price 99.811) up to 6.857. (price
99.636) with the average at 6.847. (price 99.671).
Yields accepted ranged from 6.717. (price 99.843) up to 6.757. (price
99.770) with the average at 6.747. (price 99.788).
Yields accepted ranged from 7.157. (price 99.876) up to 7.207. (price
99.665) with the average at 7.187. (price 99.750).
Yields accepted ranged from 7.207. (price 100.092) up to 7.297. (price
99.927) with the average at 7.277. (price 99.963).
Yields accepted ranged from 7.227. (price 99.748) up to 7.257. (price
99.668) with the average at 7.247. (price 99.595).
Yields accepted ranged from 7.657.(price 99.759) up to 7.717, (price
99.415) with the average at 7.697. (price 99.552).
Yields accepted ranged from 7.927. (price 99.487) up to 7.957. (price
99.148) with the average at 7.947. (price 99.261).
Yields accepted ranged from 7.127. (price 100.009) up to 7.147. (price
99.972) with the average at 7.137. (price 99.991).
Yields accepted ranged from 7.297. (price 99.845) up to 7.327. (price
99.741) with the average at 7.317. (price 99.776).
Yields accepted ranged from 7.167. (price 99.935) up to 7.237. (price
99.808) with the average at 7.207. (price 99.863).
Yields accepted ranged from 7.927. (price 99.575) up to 7.967. (price
99.228) with the average at 7.957. (price 99.315).
Yields accepted ranged from 7.527. (price 99.953) up to 7.567, (price
99.891) with the average at 7.557. (price 99.909).
Yields accepted ranged from 7.507. (price 99.936) up to 7.557. (price
99.794) with the average at 7.537. (price 99.850).
Prices accepted ranged from 100.80 (yield 7.857.) down to 100.58
(yield 7.897.) with the average at 100.65 (yield 7.887.).
Prices accepted ranged from 100.73 (yield 8.187.) down to 100.01
(yield 8.257.) with the average at 100.13 (yield 8.237.).
Yields accepted ranged from 7.677. (price 99.818) up to 7.717. (price
99.845) with the average at 7.707. (price 99.863).
Yields accepted ranged from 7.877. (price 99.997) up to 7.907. (price
99.894) with the average at 7.897. (price 99.928).
Yields accepted ranged from 7.507. (price 100.000) up to 7.577. (price
99.872) with the average at 7.567. (price 99.891).
Yields accepted ranged from 7.937. (price 99.740) up to 7.957. (price
99.657) with the average at 7.947. (price 99.698).
Yields accepted ranged from 7.757. (price 100.000) up to 7.827. (price
99.873) with the average at 7.807. (price 99.909).
Yields accepted ranged from 8.267. (price 99.933 up to 8.307. (price
99.655) with the average at 8.297. (price 99.732).
Prices accepted ranged from 99.23 (yield 8.457.) down to 98.91 (yield
8.487.) with the average at 99.02 (yield 8.477.).
Yields accepted ranged from 8.007. (price 100.000) up to 8.107. (price
99.819) with the average at 8.097. (price 99.837).
Yields accepted ranged from 8.247. (price 100.013) up to 8.287.
(price 99.877) with the average at 8.277. (price 99.911).
Yields accepted ranged from 8.257. (price 100.000 up to 8.337. (price
99.855) with the average at 8.327. (price 99.873).
Yields accepted ranged from 8.627. (price 100.008) up to 8.637. (price
99.924) with the average also at 8.637..
Yields accepted ranged from 8.527. (price 99.964i up to 8.627. (price
99.784) with the average at 8.617. (price 99.802).
Yields accepted ranged from 8.447. (price 99.831) up to 8.477. (price
99.753) with the average at 8.457. (price 99.779).
Yields accepted ranged from 8.287. (price 99.843) up to 8.417. (price
99.156) with the average at 8.367. (price 99.426).
Yields accepted ranged from 8.377. (price 100.055) up to 8,467. (price
99.079) with the average at 8.437. (price 99.402).
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4-Continued
89/
90/
91 /
92/
93/
94/
95 /
96 /
97/
98 /
99 /
100 /
101/
102 /
103 /
104 /
105 /
106 /
107 /
108 /
109 /
110 /
111 /
112
/
113 /
114 /
115 /
116 /
117 /
116 /
Yields accepted ranged from 8.37% price 100.009) up to 8.397. (price
99.973) with the average at 8.387. price 99.991).
Yields accepted ranged from 8.387. price 99.961) up to 8.427, (price
99.826) with the average at 8.417. price 99.859).
Yields accepted ranged from 8.597, price 100.063) up to 8.667. (price
99.937) with the average at 8.657. price 99.955).
Yields accepted ranged from 8.607. price 100.175) up to 8.657, (price
99.757) with the average at 8.647, price 99.640).
Yields accepted ranged from 8.907, price 99.955) up to 8.987, (price
99.812) with the average at 8.947. price 99,883).
Yields accepted ranged from 9.337. price 99.766) up to 9.377. (price
99.649) with the average at 9.367. price 99.678),
Yields accepted ranged from 8.757. price 100.000) up to 8.907. (price
99.020) with the average at 8.857. price 99.345).
Yields accepted ranged from 8.827. price 99.266) up to 8.877. (price
98.747) with the average at 8.867. price 98.851).
Yields accepted ranged from 9.337. price 99.857) up to 9.377. (price
99.786) with the average at 9.367, price 99.804).
Yields accepted ranged from 9.977, price 99.832) up to 10.007. (price
99.779) with the average at 99.997. (price 99.797).
Yields accepted ranged from 9.437, price 99.820) up to 9.477. (price
99.690) with average at 9.457. (prii e 99.755).
Yields accepted ranged from 8.997. price 100.045) up to 9.017. (price
99.882) with the average at 9.007. price 99.963).
Yields accepted ranged from 9.827. price 99.876) up to 9. 877. (price
99.787) with the average at 9.857- (price 99.822).
Yields accepted ranged from 8.957. price 100.281) up to
.027. (price
99.888) with the average at 9.017. price 99.944).
Prices accepted ranged from 97.40 yield -9.007,) down to 96.90 (yield
9.057.) with the av erage at 97.05 () ield 9.037.).
Yields accepted ranged from 9.757, price 100.000) up to 9.677. (price
99.787) with the average at 9.857, price 99.822).
Yields accepted ranged from 9.337. price 99.705) up to 9.367. (price
price 99.638).
99.605) with the average at 9.357
Yields accepted ranged from 9.667. price 99.938) up to 9.707. (price
99.868) with the average at 9.687. price 99.903).
Prices accepted ranged from 99.09 yield 9.107.) down to 98.69 (yield
yield 9.147.).
9.157. ) with the average at 98.79
Yields accepted ranged from 9.757. price 100.000) up to 9.797. (price
99.929) uilb ihp average at 9.787. price 99 9471
Yields accepted ranged from 9.367, price 99.296) up to 9.367. (price
99.168) with the average at 9.377. price 99.232).
Yields accepted ranged from 9.227. price 99.039) up to 9.247, (price
98.838) with the average at 9.237. price 98.938).
price 100,000) up to 9.777, (price
Yiel-ds accepted ranged from 9.757,
99,964) with the average also at 9 777,.
Yields accepted ranged from 9.207. price 99.866) up to 9.237. (price
99.813) with the average at 9.227. price 99.830).
Yields accepted ranged from 8.857. price 100.083) up to 8.937. (price
99.819) with the average at 8.897. price 99.950).
Yields accepted ranged from 8.787, price 99.714) up to 8.837. (price
99.302) with the average at 8,817, price 99.467).
Yields accepted ranged from 9.357. price 100.045) up to 9.457. (price
99.866) with the average at 9.417. price 99.938).
Yields accepted ranged from 9.037, price 99.923) up to 9.077. (price
99.820) with the average at 9,067. price 99.845).
Prices accepted ranged from 100.07 (yield 8.997.) down to 99.96
(yield 9.017,) with the average at 00.00 (yield 9.007.).
Prices accepted ranged from 102.36 (yield 8.897.) down to 101.99
(yield 8.937.) with the average at 02.13 (yield 8.927,).
119 /
120 /
Ul/
122 /
123 /
124 /
125 /
126 /
127 /
128 /
129 /
130 /
131 /
132/
133 /
134 /
135 /
136 /
137 /
138 /
139 /
140 /
141 /
142 /
143/
144 /
145 /
*
Yields accepted ranged from 9.607. (price 100.045) up to 9,667, (price
99,938) with the average at 9.65.7. (price 99.955).
Yields accepted ranged from 9,237. (price 99.997) up to 9.277. (price
99.848) with the average at 9.257. (price 99.922).
Yields accepted ranged from
99.834) with the average at
Yields accepted ranged from
99.806) with the average at
Yields accepted ranged from
99.013) with the average at
Yields accepted ranged from
99.888) with the average at
Yields accepted ranged from
99.958) with the average at
Yields accepted ranged from
99.759) with the average at
Yields accepted ranged from
99.045) with the average at
Yields accepted ranged from
99.767) with the average at
Yields accepted ranged from
99.532) with the average at
10.207. (price 99.869) up to 10.227. (price
10.217. (price 99.851).
9.757, (price 100.000) up to 9.617. (price
9.797. (price 99.871),
10.107, (price
10,177.
12.557.
12.667.
11.627.
11.647,
10.707,
10.757,
10.397,
10.447.
12.187.
12.247,
10.287.
10.407.
100.155) up to 10.257. (price
(price 99.620).
(price 100.129) up to 12.697. (price
(price 99.940).
(price 100.014) up to 11.647. (price
(price 99.958).
(price 100.303) up to 10.797, (price
(price 100.000).
(price 99.863) up to 10.467, (price
(price 99.407).
(price 99.905) up to 12.267. (price
(price 99,801).
(price 100.389) up to 10.497. (price
(price 99.898),
(price 99.922) up to 11,447, (price
(price 99.904).
(price 100.353) up to 10.607, (price
(price 99,936).
(price 99.352) t p to 10.617, (price
(price 99.204).
(price 100.000) up to 11.537. (price
(price 99,965).
(price 100.014) up to 12.007. (price
(price 99.707).
(price 99,932) up to 12,057. (price
(price 99,742),
(price 99.754) up to 11.87^ (price
(prioe 99.264).
(price 99.941) up to 14.007. (price
(price 99.822),
(price 100.443) up to 14.507. (price
(price 99.756).
(price 100.101) up to 15.077. (price
(price 99.983).
(price 100.149) up to 14,337. (price
(price 99.881).
(price 100.092) up to 12.727, (price
(price 99,492).
Yields accepted ranged from 11,427.
99.887') with the average at 11.437.
Yields accepted ranged from 10.397.
99,681) with the average at 10.527.
Yields accepted ranged from 10.587.
99.130) with the average at 10.607.
Yields accepted ranged from 11.507.
99.948) with the average at 11,527.
Yields accepted ranged from 11.877.
99.651) with the average at 11.987.
Yields accepted ranged from 11.987,
99,599) with the average at 12,027.
Yields accepted ranged from 11,787,
99.021) with the average at 11.84?
Yields accepted ranged from 13.917.
99.788) with the average at 13.967,
Yields accepted ranged from 14,207,
99.365) with the average at 14.39?.
Yields accepted ranged from 14.947.
99.883) with the average at 15.017.
Yields accepted ranged from 14.207,
99,763) with the average at 14.297.
Yields accepted ranged from 12.607.
99.293) with the average at 12.697.
Yields accepted ranged from 11.417. (price 99.939) up to 11.467.
(price
99.852) with the average at 11.447. (price 99.867).
Yields accepted ranged from 9.287. (price 99.816) up to 9.357,
(price
99.623) with the average at 9,327, (price 99.706).
Prices accepted ranged from 106.10 (yield 9.757.) down to 104.64
(yield 9.957.) with the average at 105.27 (yield 9.887.).
Yields accepted ranged from 10.087. (price 99.248) up to 10.187.
(price
98.322) with the average at 10.127. (price 96.876).
Less than $500,000.
p
Preliminary.
may
1980
43
_PUBUC DEBT OPERATIONS.
Table PDO-6. - Unmatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations
Descri
44
Treasury Bulletin
.
PUBUC DEBT OPERATIONS
,
Table PDO-&. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Descr
Niay 1980
45
.PUBUC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of
46
Treasury Bulletin
.PUBLIC DEBT OPEIRATIONS
,
Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations—CJontinued
Descrip
May 1980
47
.PUBUC DEBT OPERATIONS
T&ble PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6.
Allotments by Investor Classes^on Subscriptions for Public Marketable Securities
Part A.
-
Other than Bills I/-Continued
(In millions of dollars)
Issues
May
1980
49
.PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
(in millions of dollars)
Issues
1'
-Continued
Treasury Bulletin
30
.PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other than Regulsir Weekly Series
l^ay 1980
51
.PUBLIC DEBT OPERATIONS.
Table PDO-7.
-
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
52
Treasury Bulletin
.PUBLIC
Table PDO-7.
-
DEBT OPERATIONS.
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
Issue
date
Description
7-l/8f.
^.408?.
Note
(>-l/?4,
Note
5 648?
6-5/8J
Bill
Note
5/31/78-M
6/27/78
6/30/78-N
7/25/78
7/31/78-P
8-3/4*
6.105%
6-5/8%
Note
Note
Bill
Note
8/15/78-C
e/15/78-E
8/22/78
8/31/78 -Q
9/19/78
9/30/78
10/1/78
6.1='i-^
Pill
9/19/78
9/30/78 -R
10/1/78 -EO
10/17/78
10/31/78
6.6197.
5-7/87,
Bill
Note
10/17/78
10/31/78-S
11/14/78
11/15/78
11/30/78
6.5427.
Bill
67.
Note
Note
11/14/78
11/15/78-B
11/30/78-T
12/12/78
12/31/78
12/31/78
1/09/79
6.54 5:;
Bin
8-1/87.
5-1/47.
6.5527.
Note
Note
Bill
1/31/79
2/6/79
2/15/79
5-7/87.
6.8147.
77.
Note
Bill
Note
2/28/79
3/6/79
5-7/87.
6.8597.
Note
Bill
1/31/79-L
2/6/79
2/15/79-H
2/28/79-M
3/6/79
3/31/79
4/01/79
4/03/79
4/30/79
1-1/2?
6.877?
Note
Note
Bill
Note
3/31/79-N
4/1/79-EA
4/3/79
4/30/79-P
5/1/79
7.0737.
5/15/79
7-7/87.
Bill
Note
5/1/79
5/15/79-D
6/27/78
6/30/78
7/25/78
7/31/78
8/15/78
8/15/78
8/22/78
8/31/78
5/29/79
Disposition offers
by Treasury
Called or matiiring securities 1/
Date of
reiUnding
or retirement
.
7-5/8?5
6-1
Bill
.,
1-1,
5-3/47.
67.
5-7/87.
12/12/78
12/31/78-H
12/31/78-U
1/9/79
standing
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Turned
in for
cash £/
Descrip-tion of new
securities offered
(See also Table PDO-4)
May
33
1980
.PUBLIC
DEBT OPERATIONS.
Footnotes to Table
Source:
Bureau of the Public Debt.
Original call and maturity dates are used.
1/
All by investors other than Federal Reserve banks.
2/
Exchanged by Federal Reserve banks and Government accounts for $368
3/
million of 7% notes of Series H-1979, $1,939 million, of 87. notes
of Series A-1983 and $215 million of 8-1/47, bonds of 2000-05 issued
February 17, 1976,
Exchanged by Federal Reserve banks and Government accounts for 77,
4/
notes of Series H-1979 issued February 15, 1976.
5/
Exchanged by Federal Reserve banks and Government accounts for 6-3/47.
notes of Series K-1978 Issued March 31, 1976.
Exchanged by Federal Reserve banks and Government accounts for $276
6/
million of 7-7/87. notes of Series A-1986 issued 5/17/76 and $85
million of 7-7/87. bonds of 1995-2000 issued May 17, 1976.
Exchanged by Federal Reserve banks and Government accounts for $300
7/
million of b-l/TL notes of Series L-1978 and $196 million of 7-7/87.
notes of Series A-1986, and $32 million of 7-7/87. bonds of 1995-2000
issued May 17, 1976.
8/
Exchanged by Federal Reserve banks and Government accounts for 7-1/87.
notes of Series M-1978 issued June 1, 1976.
9/ Exchanged by Federal Reserve banks and Government accounts for 6-7/87.
notes of Series N-1978 issued June 30, 1976.
10/
Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/87. notes of Series J-1979, $60 million of 87. notes of
Series B-1986, and $342 million 87, bonds of 1996-2001 issued August 16,
1976.
11/
Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 87. notes of Series B-1986 and $250 million of 87. bonds of
1996-2001 issued August 16, 1976.
Exchanged by Federal Reserve banks and Government accounts for 6-5/87.
12 /
notes of Series Q-1978 issued August 31, 1976.
13/
Exchanged by Federal Reserve banks and Government accounts for 6-1/47.
notes of Series R-1978 issued September 30, 1976.
14 /
Exchanged by Federal Reserve banks and Government accounts for 5-7/87.
notes of Series S-1978 issued November 1, 1976.
Exchanged by Federal Reserve banks and Government accounts for $70
15 /
million of 6-1/47. notes of Series K-1979 and $50 million of 7%
notes of Series B-1983 issued November 15, 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-3/47.
16 /
notes of Series T-1978 issued November 30, 1976.
17 /
Exchanged by Federal Reserve banks and Government accounts for 5-1/47.
notes of Series U-1978 issued December 31, 1976.
18/
Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/27. notes of Series C-1980, $881 million of 7-1/47, notes
of Series A-1984 and $391 million of 7-5/87. bonds of 2002-2007 issued
February 15, 1977.
19 /
Exchanged by Federal Reserve banks and Government accounts for 5-7/87.
notes of Series M-1979 issued February 28, 1977.
20 /
Exchanged by Federal Reserve banks and Government accounts for 67.
notes of Series N-1979 issued March 31, 1977.
21 /
Exchanged by Federal Reserve banks and Government accounts for 5-7/87.
notes of Series P-1979 issued May 2, 1977.
22/
Exchanged by Federal Reserve banks and Government accounts for 7-5/87.
bonds of 2002-2007 issued May 16, 1977.
2 3/
Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 7-1/47= notes of Series A-1984 and $373 million of 7-5/87.
bonds of 2002-2007 issued May 16, 1977.
24 /
Exchanged by Federal Reserve banks and Government accounts for 6-1/87.
notes of Series Q-1979 issued May 31, 1977.
25 /
Exchanged by Federal Reserve banks and Government accounts for 6-1/87.
notes of Series R-1979 issued June 30, 1977.
26 /
Exchanged by Federal Reserve banks and Government accounts for 6-1/47.
notes of Series S-1979 issued August 1, 1977.
27 /
Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/47. notes of Series H-1980, $300 million of 7-1/47.
notes of Series B-1984, and $199 of 7-5/87, bonds of 2002-07 issued
August 15, 1977.
28 /
Exchanged by Federal Reserve banks and Government accounts for 6-5/87.
notes of Series T-1979 issued August 31, 1977.
29 /
Exchanged by Federal Reserve banks and Government accounts for 6-5/87.
notes of Series U-1979 issued September 30, 1977.
30/
Exchanged by Federal Reserve ban^s and Government ^rcounts for 7-1/47,
notes of Series V-1979 issued October 31, 1977.
31 /
Exchanged by Federal Reserve banks and Governnitr.L '-ounCs for $625
million of ''-I/R?. notes of Series .T-1980, $373 million of 7-5/8°' notes
of Series A-1987 and $240 million of 7-7/87. bonds of 2002-07 issued
November 15, 1977.
32 /
Exchanged by Federal Reserve banks and Government accounts for 7-1/87.
notes of Series W-1979 issued November 30, 1977.
33 /
34 /
35^/
36/
37/
PDO-7
Exchanged by Federal Reserve banks and Government accounts for 7-1/27.
notes of Series X-1979 issued January 3, 1978.
Exchanged by Federal Reserve banks and Government accounts for 7-1/27.
notes of Series K-1980 issued January 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for $1,000
million of 7-1/27. notes of Series M-1981, $200 million of 87. notes
of Series A~1985, and $771 million of 8-1/47. bonds of 2000-05 issued
February 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 7-5/87.
notes of Series L-1980 issued February 28, 1978.
Exchanged by Federal Reserve banks and Government accounts for an
additional amounts of 7-1/27. notes of Series C-1980 issued March 31,
1978.
38/
39/
il2.'
iii.'
^2 /
-^3/
44/
^5 /
46/
47 /
48/
^9 /
50/
11/
1^/
53/
54/
55/
56/
57/
58/
2^'
^0
/
^1/
62/
63 /
64/
65/
Exchanged by Federal Reserve banks and Government accounts for 7-3/47.
notes of Series N-1980 issued May 1, 1978.
Exchanged by Federal Reserve banks and Government accounts for $59
million of 8-1/4% notes of Series A-1988 and $895 million of 8-3/87.
bonds of 1995-2000 issued May 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-1/47.
notes of Series A-1988 issued May 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 87, notes
of Series P-1980 issued May 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-1/47.
notes of Series Q-1980 issued June 30, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-1/27.
notes of Series R-1980 issued July 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for $34
million of 8-1/47, notes of Series B-1985 and $600 million of 8-3/87,
bonds of 2003-2008 issued August 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for $1,200
million of 8-3/87. notes of Series N-1981 and $1,400 million of 8-1/47,
notes of Series B-1985 issued August 15, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-3/87.
notes of Series S-1980 issued August 31, 1978.
Exchanged by Federal Reserve banks and Government accounts for 8-5/87,
notes of Series T-1980 issued October 2,1978,
Exchanged by Federal Reserve banks and Government accounts for 8-7/87.
notes of Series U-1980 issued October 51, 1978.
Exchanged by Federal Reserve banks and Government accounts for $978
million of 9-1/47. notes of Series K-1982, $931 million of 8-3/47.
notes of Series B-1988, and $678 million of 8-3/47. bonds of 2003-08
issued November 15, 1978,
Exchanged by Federal Reserve banks and Government accounts for 9-1/47.
notes of Series V-1980 issued November 30, 1978.
Exchanged by Federal Reserve banks and Government accounts for $450
million of 9-7/87. notes of Series W-1980 and $192 million of notes
of Series L-1982 Issued January 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/87.
notes of Series L-1982 issued January 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47.
notes of Series P-1981 Issued January 31, 1979.
Exchanged by Federal Reserve banks and Government accounts for $931
million of 97. notes of Series B-1987 and $800 million of 8-3/47. bonds
of 2003-08 issued February 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47,
notes of Series Q-1981 issued February 28, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-5/87,
notes of Series R-1981 issued April 9, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47,
notes of Series S-1981 issued April 30, 1979.
Exchanged by Federal Reserve banks and Government accounts for $350
million of 9-1/47. notes of Series A-1989 and $200 million of 9-1/87,
bonds of 2004-09 issued May 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/47.
notes of Series T-1981 issued May 31, 1^79.
Exchanged by Federal Reserve banks and Government accounts for 9-1/87.
notes of Series U-1981 issued July 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for $93
million of 9-1/87, notes of Series U-1981 and $203 million of 8-7/87.
notes of Series E-1983 issued July 2, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-3/87.
notes of Series V-1981 issued July 31, 1979.
Exchanged by Federal Reserve banks and Government accounts for 97.
notes of Series M-1982 issued August 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for $106
million of 97. notes of Series M-1982, $500 million of 97. notes of
Series B-1987, and $396 million of 9-1/87. bonds of 2004-09 issued
August 15, 1979.
Exchanged by Federal Reserve banks and Government accounts for 9-5/87.
notes of Series W-1981 issued August 31, 1979,
Treasury Bulletin
54
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. dollars; dollar amounts in millions)
Securi ties
Issue
date
Maturity
date
Bills
11/23/77
1/03/78
Certificates of indebtedness.
10/05/77
10/06/77
1/05/78
1/06/78
1/13/78
1/17/73
1/24/78
1/26/78
4/03/78
4/05/78
4/06/78
4/10/78
4/10/78
4/12/78
4/13/73
4/17/78
4/17/78
4/24/78
4/25/73
4/26/73
4/26/78
lO/U/77
10/17/77
10/24/77
10/26/77
1/03/78
1/05/73
1/06/78
1/09/73
1/10/78
1/12/78
1/13/78
1/16/78
1/17/78
1/24/78
1/25/78
1/26/78
1/26/78
4/01/76
Feb .
Bills.
Certificates of indebtedness.
Mar.
Bills.
Certificates of indebtedness.
Interest
rate
(percent)
6.15
6.10
6.15
6.15
6.20
6.20
6.15
6.15
6.15
6.15
6.70
6.70
6.70
6.70
6.55
6.45
6.45
6.45
6.45
May
1980
55
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Securities
1976-Mar.- Continued
Certificates of indebtness.
A£r.
Bills.
Certificates of indebtedness.
May
Bills.
Issue
date
3/09/78
Maturi ty
date
Interest
rate
(percent)
Total outstanding
end of month
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Non marketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
May
1980
51
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
Treasury Bulletin
38
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Securities
1976-Aus.- Continued
Certificates of indebtedness.
Issue
date
Ma turi ty
date
Interest
rate
(percent)
8/22/78
8/22/78
8/23/78
8/23/78
8/23/78
8/23/78
8/24/78
8/25/78
8/25/78
8/25/78
8/29/78
8/31/78
8/31/78
8/31/78
11/21/78
11/21/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/29/78
11/30/78
11/30/78
10/29/76
8/08/78
8/09/78
3/09/78
9/07/78
6/02/78
6/15/78
6/15/78
6/16/78
6/16/78
6/27/78
6/29/78
6/29/78
7/05/78
8/10/78
8/16/78
8/17/78
8/22/78
8/22/78
8/23/78
8/2A/78
9/01/78
9/15/78
9/15/78
9/15/78
9/15/78
9/15/78
9/21/78
9/22/78
9/26/78
9/26/78
9/26/78
9/27/78
9/27/78
9/27/78
9/27/78
9/28/78
9/29/78
9/29/78
9/29/78
9/29/78
9/07/78
3/08/79
9/01/78
9/15/78
9/15/78
9/15/78
9/15/78
9/27/78
9/29/78
9/29/78
10/05/78
11/16/78
11/17/78
11/21/78
11/21/78
11/24/78
11/24/78
12/01/78
12/15/78
12/15/78
12/15/78
12/15/73
12/15/78
12/21/78
12/22/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/28/78
12/29/78
12/29/78
12/29/78
12/29/78
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
7/19/72
10/01/76
10/29/76
9/22/78
9/22/78
9/30/78
10/30/73
8/15/85
6.00
6.25
6.00
8.50
10/12/78
4/13/78
4/13/78
4/12/79
10/12/78
10/12/78
7/05/78
7/05/78
7/06/78
8/10/78
8/14/78
8/16/78
8/18/78
8/18/78
8/21/78
8/24/78
8/25/78
8/29/78
9/01/78
9/15/78
9/15/78
10/05/78
10/05/78
10/05/78
10/05/78
10/05/78
10/05/78
10/06/78
10/06/78
10/06/78
10/12/78
10/12/78
10/12/78
10/05/78
10/05/78
10/05/78
Total outstanding
end of month
U/30/78
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.35
7.35
7.35
7.35
19
43
43
10/30/78
7/31/79
7/31/79
6.00
6.25
6.25
400
850
U/10/78
6.65
6.65
6.65
6.65
6.65
7.00
7.00
7.00
7.05
6.80
6.90
6.90
7.30
7.30
7.30
7.30
7.35
7.70
7.70
7.70
7.70
7.70
7.90
7.90
33
33
32
9
10
10
12
45
26
137
49
49
5
14
14
35
19
15
17
45
137
49
27
27
10
3
22
9
10
10
5
13
26
26
26
6
34
34
14
500
400
30
500
20,912
Oct.
Bills
Certificates of indebtedness.
U/10
11/14/
11/16/78
11/20/78
11/20/78
11/21/78
11/24/78
11/24/78
11/29/78
12/01/78
12/15/78
12/15/78
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/7Q
1/12/79
1/12/79
1/12/79
226
40
216
7.05
7.05
7.05
6.80
6.80
6.90
6.90
6.90
6.90
7.30
7.30
7.35
7.35
7.70
7.70
3.20
8.20
8.20
8.20
8.20
8.20
8.20
8.20
8.20
8.25
8.25
8.25
35
1
11
19
41
45
5
16
I
28
9
12
45
137
35
52
52
1
11
53
20
34
59
}Aay 1980
.PUBLIC DEBT OPERATIONS,
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable to U.S. g^^lars; dollar amounts in millions)
60
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
61
}Aay 1980
-PUBLIC DEBT OPERATIONSTable PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Tireasury Bulletin
62
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Pavflble
in U.S.
dollars; dollar amounts in millions)
M.ay 1980
63
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
.
Treasury Bulletin
64
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Securities
1Q7Q-July- Continued
Certificates of indebtedness
Oct
Bills.
.
Certificates of indebtedness.
Issue
date
7/24/79
Maturity
In terest
rate
(percent)
Total outstanding
end of month
63
May 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketablet
Issued to Official Institutions of Foreign Countries-Continued
(Payable in U.S. dollars; dollar amounts in millions)
Securities
1
9
79-Oct. -Continued
Certificates of indebtedness.
Nov.
Bills.
Certificates of indebtedness*
Dec .
Bills.
Certificates of indebtedness.
Issue
date
10/03/79
10/10/79
10/11/79
10/16/79
10/17/79
10/18/79
10/19/79
10/22/79
10/23/79
10/24/79
10/25/79
10/26/79
10/30/79
Certificates of indebtedness.
date
1/03/80
1/10/80
1/11/80
1/16/80
1/17/80
1/18/80
1/21/80
1/22/80
1/23/80
1/24/80
1/25/80
1/28/80
1/30/80
10/06/78
10/31/79
5/10/79
11/19/79
11/29/79
11/29/79
11/29/79
11/30/79
11/08/79
5/01/80
6/02/80
7/01/80
8/01/80
9/02/80
8/14/79
9/28/79
9/28/79
9/28/79
9/28/79
10/01/79
10/03/79
li/14/79
11/14/79
12/28/79
12/28/79
12/28/79
12/28/79
1/03/80
1/03/80
2/14/80
3/25/77
6/30/77
1/31/78
10/10/78
11/15/79
11/15/79
11/30/79
11/30/79
12/19/79
12/21/79
12/21/79
12/31/79
12/31/79
6/02/80
9/02/80
8/01/80
10/01/80
12/01/80
9/07/79
9/10/79
9/11/79
9/12/79
9/14/79
9/17/79
9/20/79
9/21/79
9/24/79
9/25/79
9/28/79
9/28/79
9/28/79
12/07/79
12/10/79
12/11/79
12/12/79
12/14/79
12/17/79
12/20/79
12/21/79
12/27/79
12/27/79
12/28/79
12/28/79
12/28/79
10/03/79
10/10/79
10/11/79
10/16/79
10/17/79
10/17/79
10/18/79
1/03/80
1/10/80
1/11/80
1/16/80
1/17/80
1/17/80
1/18/80
12/05/79
1980- Jan.
Bills.
Maturity
Interest
rate
(percent)
66
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Issued to Official
Foreign Series Securities (Nonmarketable)
Institutions of Foreign Countries— Continued
May 1980
67
.PUBUC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securitiee (Nonmarketable)
Issued to Official Instdtutioiis of Foreign Countries—Continued
Treasury Bulletin
68
.PUBLIC DEBT OPERATIONS,
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Securities
1978-Jan.
Payable
Issue
date
Maturity
date
Interest
rate
(percent)
Total outstanding
end of month
May 1980
69
PUBLIC DEBT OPERATIONS.
Table PDO-10.
-
Foreign Currency Series Securities
Issued to Residents of Foreign Countries
(Dollar amounts in millions)
Treasury Bulletin
70
-UNITED STATES SAVINGS BONDS.
Series
E,
currently sold.
EE and Series HH are
Series EE January
1,
1980
since January 1, 1980.
1,
1941,
and Series HH has been on sale
Series A-D were sold from
1935 ttarough April 30, 1941.
Series
H
December 31, 1979.
Series J and K were sold from May
through April 30, 1957.
Issues, interest yields, maturities, and other terms appear
1,
October and December 1959, May and October 1961, June 1968,
sold from June
and September 1970; and the Annual Report of the
Secretary
of the Treasury for fiscal years 1966 through 1977.
-
Sales and Redemptions by Series. Cumulative through A|«l
(In millions of dollars)
Footnotes at end of Table SB-4.
1952
from
1952 through
Table SB-1.
1,
Details of the principal changes in
in the Treasury Bulletins of April 1951, May 1951, May 1957,
March
Series F and G were sold
May 1,1941 through April 30, 1952.
1,
the only savings bonds
Series E has been on sale since May
30,
1980
May
1980
71
.UNITED STATES SAVINGS BONDS,
Table SB-3.
-
Sales and Redemptions by Periods, Series
(In millions of dollars)
E through
K
12
Treasury Bulletin
-UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K— Continued
3/
(In millions of dollars)
Redemptions
Sales
1/
Accrued
discount
Sales plus
accrued
discount
Sales
price ^/
\J
Exchange of
E bonds for
Accrued
discount 4/
H bonds
Amount
outstanding
C interestbearing debt)
May
1980
73
.UNITED STATES SAVINGS BONDS.
Table SB-4.
.-
Redemptions of Matured and Unmatured Savings Bonds
1/
.
74
Treasury Bulletin
.UNTTED STATES SAVINGS BONDS
Table
SB-& - Saks and
Bedenqjtacais
by DeDommationa, Seriea
E and H
Comfamed
(In thousands of pieces)
Total all
denominations
Fiscal years
19A1-70
1971
1972
1973
1974
1975
1976
T.Q
1977
1978p
$10 2/
$75 3/
$100
$v!00
4/
5500
:
Calendar years
1941-69
3,166,361
121,544
127,671
134,552
134,854
136,600
142,539
35,704
146,927
151,726
2,077,757
76,103
76,616
78,859
78,605
77,493
79,243
19,612
79,530
81,242
605,594
28,034
30,131
32,265
32,789
33,591
35,388
8,970
37,088
36,684
9,860
1,989
2,304
2,518
2,758
2,959
3,243
836
3,512
3,785
340,429
12,073
14,177
15,862
16,204
17,442
18,955
4,841
20,424
21,549
22,372
1,159
1,443
1,651
1,581
1,763
1,975
3,105,494
120,130
123,637
130,568
132,920
147,359
138,421
145,757
2,037,652
77,828
75,726
77,330
77,747
85,595
77,629
80,308
592,612
26,583
28,914
31,040
32,164
35,621
34,189
36,433
8,955
1,853
2,139
2,397
2,604
3,037
3,103
3,372
21,882
1,007
1,284
1,547
1,592
1,753
1,866
2,071
79,769
81,283
76,373
37,446
38,893
38,937
3,577
3,826
3,813
334,998
11,049
13,022
15,012
15,744
17,891
18,148
19,686
20,705
21,678
20,777
14,169
12,427
12,714
12,829
12,450
11,919
7,890
6,64 5
0,659
6,805
6,523
6,297
3,550
3,232
3,421
3,356
3,372
3,218
345
321
338
332
326
321
1,911
1,771
1,858
1,847
1,824
1,717
193
177
187
194
177
172
11,834
11,853
10,394
11,837
10,712
11,402
6,239
6,147
5,385
6,214
5,471
6,106
3,183
3,265
2,895
3,260
3,069
3,118
318
320
285
316
296
294
1,710
1,734
1,522
1,711
1,572
1,599
167
173
149
162
151
147
147,960o
152,005
144,536
1977
1978
1979p
Months :
1979-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.p
Nov.p
Dec.p
Inception to dace
4,521,012
:
Calendar years
1941-69
511
2,188
2,311
:
1970
1971
1972
1973
1974
1975
1976
Fiscal years
1941-70
1971
1972
1973
1974
1975
1976
T.Q
1977
1978p
$50
,
,
,
,
,
,
,
:
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979p
Months :
1979-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.p
Nov.p
Dec.p
Inception to date
20,502
2,829,563
2,226
2,312
2,051
39,856
43,724
51,000
$5,000
510,000
V
6/
May
1980
15
.UNITED STATES aAVINGS BONDS.
Table
S&^
- Stike by
Stataa, Series
E and H
Combmed
16
'Treasury Bulletin
.UNITED STATES SAVINGS NOTES,
United States savings notes were on
through June 30,
by
individuals
1970.
with
sale
May
The principal
1967
1,
terms and conditions for purchase and re-
The notes were eligible for purchase
demption and information on invea-tment yields of savings notes
the simultaneous purchase of Series E
appear in the Treasury Bulletins of March 1967 and June 1968;
and in the Annual Report of the Secretary of the Treasury for
savings bonds.
fiscal year 1974.
Table SN-1.
-
Sales and Redemptions by Periods
(In millions of dollars)
Accrued
discount
528
323
11
12
25
33
28
29
35
31
24
Sales p lu
ace rued
discount
540
347
44
28
Redemptions
Sales
price
35
111
167
34
10 5
85
69
77
29
35
33
22
77
75
45
1^!
Accrued
discount
157
58
62
58
32
17
13
6
6
11
8
3
23
22
23
22
21
36
31
24
48
28
12
12
20
154
124
145
116
71
62
60
21
19
Amount
outstanding
505
742
619
561
519
477
435
413
407
394
385
359
644
705
160
31
-3
31
28
29
39
25
24
23
22
21
191
27
28
29
39
25
24
23
74
82
53
42
35
33
52
66
40
29
23
20
30
9
9
13
16
14
13
12
13
22
2
5
3
2
2
5
3
2
2
5
3
2
2
3
2
1
2
2
1
1
2
5
3
2
2
3
2
1
2
5
2
2
2
2
2
2
2
2
2
2
2
Source:
Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
Sales
were discontinued after June 30, 1970. Figures shown thereafter
_1/
represent adjustments.
7
3
11
5
II
*
682
584
540
496
453
424
405
393
383
352
370
367
364
363
362
359
357
354
352
350
347
341
332
Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
Less than $500,000.
}Aay 1980
77
.OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-1.
-
Distribution of Federal Securities by Classes of Investors and Type of Issues
(In millions of dollars)
Interest-bearing public debt securities
End of
fiscal year
or month
Total
Federal
securities
outstanding
Held by U.S. Government accounts
Total
outstanding
Public
issues
held by
Federal
Nonmarke table
GoverniMnt
account series
Other
Reserve
banks
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
780,425
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
766,971
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
167,973
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14,619
13,886
82,740
89,536
101,248
114,921
122,752
129,202
127,409
138,816
152,031
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
65,518
71,356
75,022
80,485
84,749
94,446
96,427
104,715
114,764
1979
833,751
819,007
187,683
11,379
174,248
2,056
115,458
736,929
152,718
13,980
136,682
2,056
1978-Mar.
1979-Mar.
Apr.
May.
June
804,624
804,046
812,220
812,247
792,344
795,434
803,816
799,863
166,274
170,671
177,039
178,525
12,68 5
12,683
12,682
12,464
151,534
155,932
162,301
164,005
2,056
2,056
2,056
2,056
110,255
108,588
106,185
109,241
July
Aug.
Sept
Oct.
Nov.
Dec.
814,740
820,385
833,751
834,000
840,965
852,184
806,508
812,095
819,007
825,736
832,730
843,960
176,190
178,569
187,683
185,714
187,133
187,148
12,448
11,390
11,379
11,379
11,048
11,047
161,687
165,123
174,248
172,280
174,030
174,045
2,056
2,056
2,056
2,056
2,056
2,056
111,445
113,027
115,458
114,580
118,087
117,458
1980- Jan.
Feb.
Mar.
854,741
861,603
870,444
846,517
853,366
862,211
184,499
187,810
184,848
11,046
10,817
10,801
171,397
174,936
171,991
2,056
2,056
116,310
115,171
End of
fiscal year
Interest-bearing public debt securities
or month
Con.
Held by private investors
Marketable
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
-
Nomarketable
Matured
public
debt
and debt
bearing no
interest 2/
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
484,234
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
356,501
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
127,733
1,016
1,076
963
997
1,067
1,179
1,142
1,211
4,573
2,056
gency securities
Total
outstanding
3/
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
8,881
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,094
1,705
9,911
3,724
8,953
9,860
8,757
8,730
9,456
8,204
7,176
1979
515,866
379,856
136,010
7,512
7,232
1,614
5,619
1978-Mar.
482,634
362,695
119,939
1,022
9,893
2,024
7,869
1979-Mar.
Apr.
May.
515,815
516,176
520,592
512,097
380,060
383,315
388,001
377,638
135,755
132,851
132,591
134,459
4,448
948
978
5,050
7,832
7,663
7,426
7,334
1,658
1,651
1,538
1,617
6,173
6,012
5,888
5,717
518,873
520,499
515,866
525,442
527,509
539,354
383,102
384,770
379,856
389,074
390,438
402,226
135,771
135,730
136,010
136,368
137,071
137,128
969
1,045
7,512
1,051
1,103
1,156
7,263
7,245
7,232
7,213
7,132
7,068
1,610
1,574
1,614
1,615
135
1,611
5,654
5,671
5,619
5,597
6,997
5,457
545,708
550,385
560,707
408,302
414,648
430,036
137, «06
1,178
1,225
1,241
7,046
7,011
6,993
1,812
1,621
5,234
5,390
1,621
5,372
June
July
Aug.,
Sept,
Oct.,
Nov,
,
Dec.
1980- Jan.
Feb.
Mar.
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976),
Also, adjustments are made
to reflect certain Export- Import Bank borrowing transactions now
Note:
135,738
130,671
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
1/ Includes a nonmarketable Federal Reserve special certificate for $2,500.
£/ Adjusted to exclude non-intrest-bearing notes issued to the International Monetary Fund to reflect the unified budget-concept.
3/ For detail, see Table FD-6.
Treasury Bulletin
78
-OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
-
Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonbank investors
Total
Commer-
privately
held
banks
Individual
s
3/
Savings bonds
2/
Series
E
11.4
231.6
208.1
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
12.7
93.8
74.5
57.3
59.5
204.5
207.5
205.4
55.3
62.1
212.
3
56.2
59.5
65.2
67.2
61.5
60.3
62.5
67.2
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
65.1
67.1
64.3
64.2
60.2
63.9
209.6
215.5
204.4
219.5
217.0
226.7
214.0
221.2
217.2
229.1
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409 5
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
69.0
85.1
92.5
103.8
421.0
102.8
101.4
.
461.
3
58.2
60.7
473.1
477.1
483.7
479.5
479.7
477.8
100.1
101.7
100.7
100.3
482.3
489.0
488.3
494.7
502.3
508.6
97.9
96.8
96.3
95.3
94.5
94.7
521.4
518.6
519.6
517.1
521.5
516.6
93.3
94.4
95.6
96.2
519.8
521.5
524.0
526.5
528.6
540.5
93
546.9
551.6
561.1)
Mutual
cial
98.4
99.1
9
7.6
94.0
and H
Other
Series 7/
Other
securities
Insurance
companies
savings
banks
Corporations ^/
State
and
local
governments
Foreign
and internnational
5/
Other
investors
6/
79
lAay 1980
TREASURY SURVEY OF OWNERSHIP
MARCH
The monthly Treasury Survey of Ownership covers securities
issued by the United States Government, Federal agencies, Fed-
erally-sponsored agencies, and the District of Columbia.
31,
1980
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions.
The similar proportion for corporations
and for savings and loan associations is 50 percent, and for
State and local governments,
-40
percent.
Data were first pub-
lished for banks and insurance companies in the May
19i.l
Treas-
ury Bulletin, for corporations and savings and loan associa-
Holdings by commercial banks distributed according
t-j
Federal Reserve member bank classes and nonmember banks aro
published for June 30 and December 31.
Holdings by corporate
pension trust funds are published quarterly, first appearing in
the March 195^; Bulletin.
Table TSO-1. -Summary of Federal Securities
80
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
MARCH
Table TSO-2.
-
31,
1960
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
Footnotes at end of Table TSO-5.
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
}\ay 1980
81
-TREASURY SURVEY OF OWNERSHIPMARCH
Table TSO-3.
-
31, 1960
Interest-Bearing Marketable Public Debt Securities by Issue-Continued
(Par values
-
in millions of dollars)
Treasury Bulletin
82
•TREASURY SURVEY OF OWNERSHIPMARCH
Table TSO-4.
31, 1960
Securities Issued by
Government Agencies
May
1980
83
.MARKET QUOTATIONS ON TREASURY SECURITIES,
Current market quotations shown here are over-the-
APRIL
30,
1980,
listed include all regularly quoted public marketable secu-
Securities
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Table MQ-1.
Amount outstanding
(millions)
-
Treasury Bills
84
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL
Table MQ-2.
-
Treasury Notes-Continued
30,
1980
May
1980
85
.MARKET QUOTATIONS ON TREASURY SECURITIES.
APRIL
Table MQ-3.
.
30,
1980
Treasury Bonds
Treasury Bulletin
86
.MARKET QUOTATIONS ON TREASURY SECURITIES,
o
CO
LU
o
IT
LU
o
CD 3.
C3)
(a
00
aa
s.
00
05
CO
oo
en
IT)
00
<3>
00
CO
00
(35
(N
OO
CD
GO
0)
O
GO
CO
o
cvi
c\i
U5
APRIL
d
30, 1980
o
d
in
<3)
o
....
fAay 1980
87
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
Treasury
bonds 1/
Jan.
Feb.
Mar.
Apr.
May.
Jxme
July,
Aug..
Sept,
Oct.,
Nov.,
Dec.
Jan.
Feb..
Mar..
Apr.
May..
Jime.
July.
Aug..
Sept.
Oct.
Nov..
Dec.
Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
5.74
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New Aa
nmnicipal
bonds 2/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New A a
municipal
bonds 2/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
municipal
bonds 2/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 2/
Treasury Bulletin
88
AVERAGE YIELDS OF LONG -TERM BONDS.
M.ay 1980
89
.INTERNATIONAL FINANCIAL STATISTICS^
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
Table IFS-4 shows United States Treasury nonmarketable
to official institutions and other
bonds and notes issued
residents of foreign countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve position in the International Monetary Fund.
Table IFS-5 sets forth the factors which affect the
United
States position in the International Monetary Fund.
brings together statistics on liabilities
institutions, and liquid liabilities to
other foreigners, which are used in the United States
all
balance-of-payments statistics.
weighted-average
Table lFS-6 presents a measure of
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-2
to foreign official
Table IFS-1. - U.S. Reserve Assets
(In rnilllons of dollars)
End of
calendar year
or month
Gold stock 2/
Total
reserve
assets \_l
1
Total 3/
(2)
(1)
Treasury
(3)
Special
drawing
rights 1^/ 4/
Foreign
currencies 5/
(6)
(5)
(4)
1970
14,487
11,072
0,732
1971
12,167 2/
10,206
0,132
1
1972
13,151
8/
10,487 8/
0,410 8/
1,958
8/
241
1973
14,378 9/
11,652 9/
1,567 9/
2,166 9/
8
1974
15,883
11,652
1,652
2,374
5
1975
16,226
11,599
1,599
2,335
80
1976
18,747
11,598
1,598
2,395
320
1977
19,312
11,719
1,719
2,529
18
1978
18,650
11,671
1,671
1,558
4,374
1979
851
629
100
276 1/
18,928
11,172
1,172
2,724
3,779
1979-Apr..
May..
June.
21,402.
11,418
11,354
11,323
1,418
1,354
1,323
2,602
2,624
2,670
6,285
7,059
6,049
July.
Aug..
Sept.
Oct..
Nov..
Dec.
20,023
20,023
18,534
17,994
19,261
18,928
20,962
20,840
21,448
1,290
1,259
1,228
1,194
1,112
1,172
1,172
1,172
2,690
2,689
2,725
2,659
2,705
2,724
1980- Jan.
Feb.
Mar..
Apr.
11,290
11,259
11,228
11,194
11,112
11,172
11,172
11,172
11,172
21.521
11,172
4,843
4,798
3,301
2,903
4,122
3,779
4,668
4,545
5,373
5,558
,
22,230
21,246
1,172
1,172
3,871
3,836
3,681
3,697
Reserve
position in
International
Monetary Fund
1
L
!_/
^/
..
-
;
90
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS^
Table IFS-2.
-
Selected U.B. Liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
Liabil i ties
to IMF
arising from
gold tjjansactions 1/
End of
calendar
year or
month
1<)70
10/.
1971 10/ 11/.
1972
1973
in U.S.
and
notes
able U.S.
Treasury
bonds
Nonmarke t- Other
readily
able U.S.
Treasury
marketbonds and able
notes U!
liabil-
Liabil-
tary internation-
ities
al and re-
Liabi
i
banks
6/
ities 5/
_3/
1
ties
Marketable U.S.
reported
by banks
Gov't.
bonds
in U.S.
II
v
9/
(13)
C^)
(10)
20,028
20,028
306
295
3,452
3,452
17,303
17,335
4,864
4,792
4,082
4,092
647
565
135
135
1,633
1,635
68,593
68,720
544
544
51,209
50,651
39,823
39,162
1,955
1,955
9,431
9,534
10,519
11,206
4,329
4,350
3,747
3,750
447
447
135
153
1,974
1,969
61,526
61,526
40,093
40,093
5,236
5,236
15,747
15,747
450
450
14,925
14,925
130
130
4,705
4,705
42 5
425
2,188
2,206
8,384
8,493
498
498
4,144
4,144
701
6,038
8,752
8,031
{^)
(5)
(6)
(7)
(12)
gional organizations
23,786
23,775
(3)
(11)
Nonmarke table U.S.
Treasury
bonds and
notes 8/
566
566
(2)
,769
,787
WJ
Market-
Liabilities
to nonmone-
48,152
48,103
(1)
F
Liabilities
reported
by banks
Liabilities to
other foreigners
1,363
17,985
76,816
76,823
53,196
53,203
5,059
5,059
16,339
16,339
2,222
2,222
30,575
30,367
8,882
8,991
127,432
152,468
193,827
244,204r
268,357r
80,712
91,975
126,080
156,517j
143,169t
50,461
54,956
65,822
19,976
20,648
20,443
20,970
17,387
3,604
4,583
7,650
8,981
9,972r
29,881
37,950
43.250
90,674r
78,143
6,671
11,788
32,165
35,892
37,667r
90,512
10,801
13,791
16,466
19,944
26,887r
10,100
12,814
14,736
16,020
18,560
977
1,730
2,329
3,058r
1,595
5,269
7,743
7,789
148,426i;
June.
245,678r
239,893r
237,923r
247,353r
142,471r
135,071t
138,138r
82,960r
76,734r
69,541r
71,844r
36,067
36,309
36,160
36,458
20,471
20,467
20,467
20,697
8,928
8,961
8,903
9,139
67,522r
66,196r
71,951r
78,239r
22,761
23,973
23,962
23,950
15,897
17,105
17,067
16,955
2,714
2,718
2,745
2,845
4,150
4,150
4,150
4,150
6,969
7,253
6,939
7,026
July.
Aug..
Sept.
Oct..
Nov.
Dec.
249,l32r
271,987r
267,522r
262,106r
265,048r
268,357r
141,941r
142,608r
143,656r
140,696r
135,271r
143,169r
75,233r
75,535r
76,437r
74,452r
70,779r
78,143
37,499r
38,010r
38,101r
38,157r
37,120r
37,667r
19,797
19,547
19,547
18,497
17,837
17,387
9,412
9,516
9,571r
9,590r
9,535r
9.972r
75,019r
97,102r
91,321r
88,534r
95,014r
90,512
24,279r
24,194r
24,425r
24,789r
26,528r
26,887r
17,235
17,225r
17,466r
17,741r
18,254
18,560
2,894r
2,819r
2,809r
2,898r
3,005r
3,058r
4,150
4,150
4,150
4,150
5,269
5,269
7,893
8,083
8,120
8,087
8,235r
7,789
268,726
278,409
269,336
139,628
138,598
135,285
73,614
72,705
69,760
38,148
37,884
37,780
17,434
17,384
16,784
28,365
28,970
29,002
18,617
19,181
19,130
3,311
3,352
3,435
6,437
6,437
6,437
7,287
8,367
8,227
93,642
fl20,417
1974 10/.
(^120,325
1975.
1976.
1977.
1978.
1979.
1979-Mar..
Apr.
May.
.
.
1980-Jan
Feb.
Mar.
p.
p.
12/
15,564
66,86H2/«t4,233
Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
e:
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Federally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable nonlnterest-bearing
special U.S. notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold" subscript ions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-earning
assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data.
Excludes notes issued to foreign official nonreserve agencies.
Includes debt securities of U.S. Government corporations. Federally-sponsored agencies, and private corporations.
Includes liabilities payable in dollars to foreign banks, and
liabilities payable in foreign currencies to foreign banks and to
"other foreigners."
laj/
10.432
10,625
10,961
7/
8/
9/
10/
11/
12/
60,0do"r
93,446
102,474
96,822
Includes marketable U.S. Goverrunent bonds and notes held bjf foreign
banks.
Includes nonmarketable U.S. Government bonds and notes held by
foreign banks.
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
Data on the two lines shown for this date differ because of changed
in reporting coverage*r'iFigures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to t?iose shown for the following date.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
are increased in value to retlect market exchange
rates as of December 31, 1971, as follows: U.S. Treasury certificates,
$7 million; nonmarketable U.S. Treasury bonds and notes, column 6,
$103 million and column 12, $18 million.
Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
.Preliminary
^
Revised.
May
1980
91
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.
-
U.S.
Liabilities
to
Official
Institutione of Foreign Countries,
(Tn millions of dollars)
End of
calendar year
or month
by Area
..
92
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS,
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions and Other Residents of Foreign Countries
(In millions of dollars or dollar equivalent)
End of
calendar
year or
month
Grand
total
(1)
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
3
1978.
1979
1979-Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
.
.
1980-Jan..
Feb..
Mar..
Apr. .
^[ay 1980
93
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.
-
U.S.
Position in the International Monetary Fund
Treasury Bulletin
94
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
"
May
1980
95
.CAPITAL
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935
under Treasury regulations pursuant to Executive Orders Nos.
6560 of January 15, 1934 and 10033 of February 8, 19A9, and
Reports
of 1976.
the International Investment Survey Act
are filed with Federal Reserve Banks by banks, bank holding
companies, securities brokers and dealers, and nonbanking
Statistics on the princienterprises in the United States.
pal types of data and the principal countries are then consolidated and are published in the monthly Treasury Bulletin
.
The reporting forms and itfstrrnctions 1^/ used in the Treasury International Capital (TIC) Reporting System have been
revised a number of times to meet changing conditions and to
Recent
increase the usefulness of the published statistics.
revisions to the reporting forms are part of a broad program
conducted over the past several years to ensure the adequacy
of the Treasury capital movements statistics for analysis and
policy formulation with respect to the international financial
position of the United States and on movements of capital beRevised forms
tween the United States and foreign countries.
and instructions are developed with the cooperation of other
Government agencies and the Federal Reserve System and in consultations with representatives of banks, securities firms and
nonbanking enterprises.
The most recent revisions of the TIC B-series Forms, filed
by banks and some brokers in the United States, became effective with reports as of April 30, 1978; new data series were
Substantial
introduced in the July 1978 Treasury Bulletin
revisions of the C-series Forms, filed by nonbanking enterprises, were effective with reports as of December 31, 1978;
the new data series are shown beginning with the June 1979
Major revisions of the TIC Forms that affect the
issue.
format and coverage of the current Capital Movements tables
are noted under "Description of Statistics" below.
.
Basic Definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad, and the foreign branches, subsidiaries and of f ices of
centril
United States banks and business concerns; the
governments, central banks and other of ficlal institutions of
foreign countries, wherever located; and international and
regional organizations, wherever located. The terra "foreigner" also includes persons in the United States to the ex-;
tent that they are known by reporting institutions to be acting on behalf of foreigners.
the foreign
reported opposite
data are
In general,
is
country or geographical area in which the foreigner
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
not
ownership of the assets. Reporting institutions are
expected to go beyond the addresses shown on their records,
and so may not be aware of the country of domicile of the
Furthermore U.S. liabilities arising
ultimate beneficiary.
from deposits of dollars with foreign banks are reported
generally in the Treasury statistics as liabilities to foreign
banks, whereas the liability of the foreign bank receiving the
deposit may be to foreign official institutions or residents
of another country.
,
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
international or regional classification
the appropriate
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Europe.
Geographical Classification
A number of changes in geographical classification were
introduced for most Capital Movements tables in the July 1978
issue.
Several countries formerly included in "Eastern
MOVEMENTS.
shown
Europe" and In "Other Latin American Republics" are
separately in the country list as well as a new category in
the International and Regional grouping for "Middle Eastern
Regional" in view of the proliferation of regional financial
organizations, primarily in the Arab States. The remaining
countries in the categories "Other Eastern Europe" and "Other
Western Europe" were combined into a single "Other Europe"
retitled
was
category; and the heading, "Latin America"
"Latin America and Caribbean." To the extent possible, the
statistics for earlier dates have been adjusted in accordance with the revised country stub.
Reporting Coverage
Reports are required from banks, bank holding companies
securities brokers and dealers and nonbanking
enterprises
in the United States, including the branches agencies, subsidiaries, and other affiliates in the United States of foreign firms.
Institutions that have reportable liabiHtities, claims, or securities transactions below specif led exemption levels are exempt from reporting.
,
,
Banks file reports monthly covering their dollar
liabilities to, and dollar claims on, foreigners in a number af
countries. Twice a year as of June 30 and December 31, they
also report the same liabilities and claims items with respect
~to- foreigners in countries not shown separately on the monthly
reports.
Beginning with reports due as of June 30, 1978,
banks also report quarterly their liabilities and
claims
vis a vis foreigners that are denominated in foreign
currencies.
The specified exemption level applicable to
the
monthly reports is $2 million and is based on the average
for the report dates during a six-month period,
including
There are no separate exemption
the current report date.
levels for the quarterly and semiannual reports.
Banks, securities brokers and dealers, and in some instances, nonbanking enterprises, report monthly their transactions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports are filed by exporters, importers,
industrial and commercial concerns, financial institutions
other than banks and brokers, and other nonbanking enterprises
liabilities or claims, on the six-month average
if their
Beginning December 31, 1978,
basis, are $2 million or more.
these firms also report for each month-end their U.S. dollardenominated deposit and certificate of deposit claims on banks
abroad of $10 million or more.
Description of Statistics
Section I presents data in four tables on liabilities to
Beginning
foreigners reported by banks in the United States.
April 1978, amounts due to banks' own foreign offices are shown
separately; the previous distinction between short-term and
long-term liabilities has been eliminated; there is a separation of the liabilities of the reporting banks themselves
from their custody liabilities to foreigners; and foreign
Also,
currency liabilities are only reported quarterly.
beginning April 1978, the data on liabilities are more complete by extending to securities brokers and dealers the
requirement to report certain of their own liabilities and
all of their custody liabilities to foreigners.
Table CM-I-1, showing to-tal -iiabilitles by type of foreign
holder, combines liabilities previously shown separately as
either short-term or long-term. Table CM-I-2, Parts A and B,
on foreigners' holdings of liabilities by type, shows total
Table CM-I-3
bank reported liabilities payable in dollars.
presents total liabilities by country for recent periods and
includes the long-term data previously shown separately ;wherecovering total liabilities by type and country
as CM-I-4,
includes several data items not
for the most recent month,
The liabilities
reported separately prior to April 1978.
data on supplementary countries previously presented in Table
CM-I-5 now appear in Table CM-III-1. (See Section III below. )
,
Treasury Bulletin
96
.CAPITAL
MOVEMENTS.
Section II presents the claims on foreigners reported by
banks in the United State s.
Beginning with data reported as
of the end of April 1978, banks' claims held for their own acacount are reported separa tely from claims held for their domestic customers.
The forme r are available in a monthly series
whereas the latter data are collected on a quarterly basis
only.
Also, there is no longer a breakdown available on the
long-term and short-term components of banks' claims. Maturity data are collected qu arterly on a time remaining to maturity basis as opposed to the historic original riiaturity classification.
Foreign curr ency claims are also collected only
on a quarterly basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published separately.
Table CM-II-2, showing total claims by type, is based on the
revised banking reports.
Table CM-II-3, which represents
total claims by country, merges the previously reported shortterm and long-term claims data from old CM-II-2 and CM-II-5.
New Tables CM-II-4 through CM-II-7 are based on the revised
reports and replace the previous tables which showed shortterm and long-term claims separately.
Another important change in the claims reporting, beginning with new quarterly data as of June 30, 1978, is the
adoption of abroadened concept of "foreign public borrower,"
which replaces the previous category of "foreign official
institution" to produce more meaningful information on lending
to the public sector of foreign countries.
The term "foreign public borrower" encompasses central governments
and
departments of central governments of foreign countries and
of their possessions; foreign central banks,
stabilization
funds, and exchange authorities;
corporations and
other
agencies of central governments, including development banks,
development institutions and' other agencies which are
majority-owned by the central government or its departments;
State, provincial and local governments of foreign countries
and their departments and agencies; and any intttnational or
regional organization or subordinate or affiliated
agency
thereof, created by treaty qx convention between
sovereign
states.
Section III includes two supplementary tables on U.S.
liabilities
to, and claims
on, foreigners.
Table
CM-III-1 summarizes dollar liabilities to,
and banks'
own
dollar claims on, countries and areas not regularly reported
separately.
Beginning with reports due as of June 30, 1978,
these data are collected semiannually.
Previously, the
semiannual reports were addressed to liabilities items only
and were
reported as of April and December; however, they
are now collected as of the end of June and December.
Table
CM-III-2 presents data on U.S. banks'
loans and credits to
nonbank foreigners, based on the TIC reports and on
the
raouthly Federal Reserve 2502 reports
submitted for foreign
branches of U.S. banks.
there is separation of the financial liabilities and claims
enterprises from their commercial liabilities
and claims; and items are collected on a time remaining basis
instead of the prior original maturity basis.
In addition,
the number of reporters increased somewhat as a result of a
broad canvass of prospective reporters undertaken in
late
1978.
of reporting
In
Section IV, Table CM-IV-1 combines liabilities
previously shown as either short-term or long-term in old
Table CM-IV-1; Table CM-IV-2 combines
these
shortterm and long-term liabilities by country and replaces previous Tables CM-IV-2 and CM-IV-A.
Table CM-IV-3, covering
total liabilities
by type and country for the most recent
quarter-end, includes several items not reported separately
prior to December 1978.
The tables in Section V have been extensively revised
the changes in data collection format outlined
above and the elimination of a monthly form that covered
nonbanking enterprises' liquid claims on foreigners.
Specifically,
Table CM-V-1 combines short-term and long-term
claims; Table CM-V-2 shows total claims by country and replaces former Tables CM-V-2 and CM-V-7.
Current Table CMV-3
shows
total claims
by type and country and includes
items that were not reported separately prior to end-year
1978. Tables CM-V-4,
CM-V-5 and CM-V-6 no longer appear.
to reflect
Section VI contains data on transactions in all types
of long-term domestic and
foreign securities by foreigners
as reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series; and nonmarketable U.S. Treasury bonds and notes, foreign currency
series,
which are shown in the "International Financial
Statistics" section, Table
IFS-A).
The data cover new
Issues
of securities, transactions in outs tanding issues and redemptions of securities. They include transactions executed
in
the United States for the account of foreigners, and transactions executed abroad for the account of reporting 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 securissued abroad by foreign subsidiaries of U:S. corities
porations, some of which are treated in the balance of payments as issues of U.S. corporations.
banks'
Sections IV and V, respeativeIy,'s-how tge liabiJ-itiea to,
and claims on, unaffiliated foreigners by exporters importers
industrial and commercial concerns,
financial institutions
other than banks and brokers, and other nonbanking enterprises
in the United States.
The data exclude
the
intercompany
accounts of nonbanking enterprises in the United States with
their own branches and subsidiaries abroad or with their foreign parent companies.
(Such transactions are reported by
business enterprises to the Department of Commerce on
its
direct investment forms.) The data also exc lude claims held
through banks in the United States.
Beginning with data
published in June 1979 (reported as of December 31, 1978),
,
y
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and sellers of the securities; in the case of outstanding issues, this may differ from the country of the
original issuer.
The gross figures contain some offsetting
transactions between foreigners.
The net figures for total
transactions represent transactions by foreigners with Uni ted
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 of fered for sale to Uni ted States residents but managed by
underwriters in the United States are excluded from the gross
figures.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries.
The principal
exclusions are the
intercompany capital transac tions of business enterprises in
the United States
with their own branches and subsidiaries
abroad or with their foreign parent companies, and capital
transactions of the United States Government.
Consolidated
data on all types of international capital transactions are
published by the Department of Commerce in its regular repOE*^
on the United States balance of payments.
Copies of the reporting forms and instructions may be obtained from the
Office of Statistical
Reports, Office of the Assistant Secretary for International Affairs,
Department of the
Treasury, Washington, D.C.
20220, or from Federal Reserve Banks.
Hay 1980
97
CAPITAL MOVEMENTS
Section
I
-
Liabilities
to
Table CM-I-1.
Foreigners Reported bj
-
Banks
in
the United 8t»tet
Total Liabilities by Type of Holder
,
.
98
Treasury Bulktiiy
.CAPITAL MOVEMENTS.
Section
1
-
Liabilitiea
Table CM-I-2.
to
-
Foreigners Reported by Banks in the United States
Total Liabilities by Type, Payable in Dollars
Part A
-
Foreign Countries
(In millions of dollars)
Official institutions 1/
Total
foreign
countries
End of
calendar
year
or month
Deposits
Demand
(1)
(2)
Tirae _2/
U.S.
Treas.
bills i
certificates
(3)
(4)
Other foreigners
Deposits
Time 21
U.S.
Treas.
bills 4
certificates
(6)
(7)
(8)
12,376
12,385
1,326
1,354
Other
liabilities 2/
Demand
(5)
41,044
41,086
1,652
1,652
2,554
2,554
13,367
13,367
2,307
2,307
53,684
53,706
1,620
1,327
2,504
2,039 5/
32,311
32,311
3,230
3,321
7,047
3,399 5/
850
59,205
59,204
1,591
1,591
2,880
2,880
31,453
31,453
3,998
3,998
4,658
4,658
405
405
6,558
6,941
91,389
91,297
2,951
2,951
4,257
4,167
34,656
34,656
11,205
11,302
8,248
8,231
1975
89,891
2,644
3,423
34,199
10,195
7,534
1,873
1976
104,943
3,394
2,321
37,725
11,516
9,104
2,297
12,677
10,933
2,040
1970
V
I
1971 4/ 5/.
1972 Ul
1973
197i.
/
4/
(
,
320
1,911
1,9!0
Deposits
Other
To own
liabilforeign
ities 2/ offices 3/
Demand
(9)
(10)
(11)
Time
U.S.
y
(12)
Treas,
bills «,
certificates
(13)
3,367
3,362
1,688
1,688
1,885
1,895
131
131
2,357
7,232
1,660
1,650
1,563
1,565
96
95
9,510
9,510
1,955
1,955
2,116
2,116
65
65
19,546
19,355
2,729
2,729
3,796
3,744
277
277
335
19,588
3,248
4,823
325
119
25,652
4,015
6,524
198
29,222
4,304
7,546
240
14
14
5/
232
232
1977
122,893
3,528
!,797
47,820
1978
164,217r
3,390
2,550r
67,159r
17,318r
ll,249r
l,453r
4,242
8,353
285
1979
185,396
4,724
3,071
47,666
22,681
13,262
1,663
422
9,061
54,286
5,121
8,755
382
1979-Mar...
Apr. .
May. .
June.
164,619r
158,274r
156,798r
165,114r
2,864
3,586r
3,170
3,196
2,525r
2,495r
2,571r
2,512r
59,774
51,614
43,727
46,304
17,797r
19,039r
20,072
19,832r
9,357r
10,222r
10,291r
ll,155r
l,237r
l,267r
l,228r
l,356r
425
456
508
407
6,942
7,434
8,735r
8,043
47,801r
45,056r
49,428r
55,354r
4,207
4,312
4,358
4,729
8,536
8,656
8,773
8,708
1,152
693
516
July..
Aug...
Sept..
Oct...
Nov. .
Dec...
165,563r
187,938r
182,926r
178,428r
181,74er
135,396
2,850
2,397
3,143r
2,374r
5,652
4,724
2,591r
2,308r
2,239r
l,883r
l,972r
20,367r
20,683r
20,213r
20,7e4r
I9,234r
22,581
ll,380r
ll,788r
12,466r
10,620r
12,879
13,262
l,181r
l,474r
l,641r
l,47Br
l,606r
1,663
183,860
192,541
183,894
3,745
3,700
3,926
2,289
2,347
2,393
48,864
48,234
42,655
18,717
18,423
20,787
ll,-822
1,275
1,295
1,549
347
384
406
400
451
422
533
566
675
7,550
8,207
8,515r
8,712r
9,209r
3,071
49,425
50,146
50,842
49,411
43,921
47,666
52,538r
73,325r
65,894r
65,026r
68,572r
64,286
67,797
75,181
68,935
4,661
4,602
4,439
4,778r
4,594
5,121
5,079
5,371
5,266
8,735
8,751r
8,894
8,760r
8,991
8,755
8,828
8,991
8,883
1980-Jan...
Feb. p.
Mar. p.
1/
2/
3/
4/
13,346
13,371
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other liabilities."
Data not available separately prior to April, 1978.
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date: figures on the second
line are comparable to those shown for the following date.
9,061
10,201
10,269
10,473
299
350
285
269
315
375
382
356
446
778
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
deposits are included in "Other liabilities"; certain accounts
previously classified as "official institutions" are included with
"banks"; and a number of reporting banks are included in the series
for the first time.
Preliminary.
r Revised.
99
fAay 1980
.CAPITAL MOVEMENTS.
Section
I
-
Liabilities
Table CM-I-2.
Part B
-
-
to
Foreigners Reported by Banks in the ILnited atAtaa.
Total Liabilities by Type, Payable in Dollars-Continued
Nonmonetary International and Regional Organizations
.
.
.
100
Treasury Bulletin
CAPITAL MOVEMENTSSection
I
-
to Foreigners Reported by Banks in the United State
Table CM-I-3. - Total Liabilities by Country
Liabilities
illions of dollars)
Europe
Austria
:
Belgiuin-Luxeinbourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
n.a.
Italy
Netherlands
Norway
Poland
Portugal
,
,
,
,
Sp^in
Sweden
Switzerland.
Turkey
United Kingdom.
U.S.S.R
Yugoslavia. .
Other Europe.
.
.
Total Europe.
Canada
Latin America and C.
bbean
Argentina
Bahama s
Bermuda
Brazil
British West Indies. .
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles .,
Panama
Peru
Trinidad and Tobago....
Uruguay
Venezuela
Other Latin America and
Caribbean
.
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other Asia
:
_1/
7.
Total Asia.
Africa :
Egyp*
Ghan.
Libei ia
Morocco
South Africa.
Zaire
Oil-exporting countries
Other Africa
Total Africa.
Other countries :
Australia
All other
Total other countr
Total fori ign CO
International and refiional
International
European regional
Latin American regional..
Asian regional
African regional
Middle Eastern regional..
:
Total international
and regional
Grand total.
,
May
1980
101
-CAPITAL MOVEMENTSSection
I
-
Liabilities to
Table CM-I-4.
-
Total
Foreigners Reported by Banks in the United States
Liabilities by Type and Country, as of UuA 31, 1380
Preliminary
..
.
.
'
Treasury Bulletin
102
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-1.
T otal
-
Cl aims by Type
(OLD SERIES)
(In millions of dollars)
Payable in dollars
Payable in foreign currencies
Colleo,
End of
calendar
t ions
Total
claims
year
or month
Official
Other
institut ions
for-
eigners
(V)
{2)
(6)
(5)
out-
standing
for
account of
reporting
banks and
domestic
Acceptances
made for
account
of foreigners
custoDiers(7)
Deposits
of
reporting
banks and
domestic
customers
with foreigners
Other
claims
(9)
(8)
(10)
Other
claims
(11)
11,813
6,323
775
1,934
3,614
1,733
2,854
903
466
336
12,828
12,930
12,295
12,397
6,087
6,084
764
764
2,155
2,152
3,169
3,169
1,954
2,015
3,169
3,202
1,084
1,096
534
534
352
352
181
181
1970.
13,877
13,242
5,749
623
1,956
3,170
2,389
3,985
1,118
635
352
283
1971 1/ 2/.
16,837
16,939
15,973
16,022
7,848
7,314
798
2,928 2/
2,395 2/
4,122
4,113
2,475
2,475
4,243
4,254
1,407 gj
1,979 2/
864
917
549
548
315
369
1972 1/
20,425
20,739
19,539
19,853
10,213
10,259
996
1,007
3,405
3,400
5,811
5,852
3,269
3,276
3,204
3,226
2,853
3,092
886
886
441
441
445
445
1973.
197 -i.
1975.
1976.
26,719
46,235
59,767
81,135
25,985
44,958
58,307
79,302
13,106
17,777
21,516
28,308
1,444
1,709
1,989
2,885
5,129
8,263
9,202
13,406
6,532
7,805
10,324
12,018
4,307
5,637
5,467
5,756
4,160
11,237
11,147
12,358
4,413
10,307
20,178
32,878
734
1,276
1,458
1,833
428
669
656
1,103
306
607
802
730
1077.
92,562
90,205
30,631
2,961
15,367
12,302
6,176
14,212
39,187
2,355
941
1,415
1977-Apr.
May.
June.
78,210
?0,476
82,033
76,283
78,510
80,065
26,799
27,065
26,590
2,409
2,663
2,662
12,702
13,002
12,532
11,687
11,401
11,396
6,339
6,317
6,417
12,991
13,087
13,209j
3d,154
32,041
33,848
1,927
1,966
1,968
958
864
834
969
1,101
1,133
July.
Aug..
Sept.
Oct..
Nov.
80,039
78,970
81,869
84,300
85,270
90,205
27,921
27,284
28,997
Dec..
81,874
81,085
83,812
86,507
87,357
92,562
28,183
30,631
2,536
2,759
2,792
2,896
2,889
2,961
13,829
12,967
14,310
13,961
13,665
15,367
11,556
11,558
11,894
12,112
11,629
12,302
6,352
6,200
6,025
6,005
6,045
6,176
13,478
13,610
13,698
13,768
13,462
14,212
32,288
31,877
33,149
35,557
37,580
39,187
1,835
2,114
1,944
2,207
2,086
2,/55
794
1,006
818
900
841
941
1,041
1,109
1,126
1,307
1,246
1,415
1978-Jan.
Feb..
Mar..
Apr.
94,246
93,357
98,832
98,197
91,874
91,040
96,449
95,876
29,306
29,346
32,498
32,335
3,037
3,079
3,003
3,311
13,922
14,115
16,949
16,596
12,346
12,151
12,546
12,428
6,342
6,446
6,765
6,910
42,634
41,559
43,293
42,847
2,371
2,317
2,383
2,321
940
895
948
1,034
1,432
1,422
igoS
1969 1/.
c
Note:
28,'969
806
Total claims include claims previously classified as either
"short-term" or "long-term" on the Treasury reports filed by banks.
A monthly maturity breakdown was discontinued with new reports
filed as of April 30, 1978, and the historical series has
^/
been
adjusted accordingly.^ (See .introductory text to Capital Movements
Section for discussion of changes In reporting forms and coverage.)
U
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
Table CM-II-2.
-
1,435.
1,288
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
of the U.S. agencies and branches of foreign banks on their head
offices and foreign branches which were previously reported as loans
are included in "Other claims"; and a number of reporting b*nks are
included in the series for the first time.
Total Claims by Type
(NEW SERIIiS)
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
End of calendar year
or quarter-end month
Total claims
Banks
own claims
(I)
1978-June.
Sept.
Dec.
.
1979-Mar.
June.
Sept.
Dec p
.
Note:
p
'2)
102,882
108,397
130,415
99,466
105,013
126,544
90,352
95,956
115,366
Jiti9,114
9,057
11,178
124,467
132,007
149,202
156,375
121,400
128,967
145,984
153,347
108,353
115,074
127,254
133,399
13,047
13,893
18,729
19,948
See introductory text to Capital Movements Section for discussion
of changes in reporting forms and coverage for new quarterly data
filed as of June 30, 1978.
Preliminary
(3)
Claims of
banks'
domestic
customers
Banks
own claims
(5)
-iU.
3,416
3.384
3,R7I
2,607
2.938
3,504
3,0.,7
2,591
2,519
2,607
2,43!
3,0ii0
3,218
3,0 28
Claims of
banks'
domestic
customers
(7)
476
520
612
592
May
1980
105
-CAPITAL
Section
II
-
MOVEMENTS-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-S. - Total Claims by Country
..
Treasury Bulletin
104
-CAPITAL MOVEMENTSSection
Table
Claims on Foreigners Reported by Banks
-
II
in the
United States
Total Claims on Foreigners by Type and Country Reported by Banks in the U.S. as of
CM-IM.
of banks'
Reporting banks'
banks
own
claims
Europe
Austria
Belgium-Luxembourg.
Bulgaria
Czechoslovakia
!
J
83
8
Demark
Finland
France
German Democratic Republ
Germany
,
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland.
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
165
:?2
152
204
4,07<)
"i,42 3
58
86
1,555
12U
1,410
156
412
1,62^
57S
300
612
284
597
,
Total Europe
m
352
635
1,321
104
1,06 7
550
1.2 31
19h
146
2A,067
n,987
J58
681
2 90
627
309
179
41,320
,301
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia....
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles....
Panama
Peru
Trinidad and Tobago
Uruguay,
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
,
,
.
4,687
19,S84
523
8.239
10,094
1,494
1,661
16
1,110
164
75
9,234
277
6,017
685
69
130
4,930
1,734
.
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
45
2,161
1,860
116
172
1,059
18,184
1,973
61
976
2,097
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco.
South Africa
Zaire
Other Africa
!
164
,006
Total Africa
Other countries
Australia
AH other
:
Total other countries...
Total foreign countries...
International and regional
International
European regional
Latin American regional.
Asian regional
African regional
Middle Eastern regional.
-Total international
and regional
Grand total
88
1,485
. . . ,
t*
Remaining maturity of
claims on foreign public
borrowers and unaffiliated
foreigners
More than
one year
December
Memorandum
On own
foreign
offices
payable
in foreign
currencies
Customer
liability
on acceptances
31,
d^jme
1979
M.ay 1980
105
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-5.
Banks' Own Claima, by Type
-
106
Treasury Bulletin
-CAPITAL MOVEMENTSSection II
Table CM-II-6.
Country
-
Claims on Foreigners Reported by Banks in the United Statei
Banks' Own Claims by Type and Country, Payable in Dollars, as of
Maidi 31, 1980 Preliminary
fAay 1980
107
.CAPITAL
Section
II
-
MOVEMENTS.
Claims on Foreigners Reported by Banks
Table CM-II-7.
-
in the
United States
Domestic Customers' Claims by Type
Treasury Bulletin
108
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-1.
Foreigners in
-
Dollar Liabilities
to,
and Dollar Claims on,
Countries and Areas Not Regularly Reported Separately
109
M^ay 1980
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the Umt«d Statts
Table CM-III-2.
-
Dollar
aaims on Nonbank
(Position at end of period in millions of dollars)
Foreigners
Treasury Bulletin
no
.CAPITAL MOVEMENTS.
Section IV
-
Liabilities to Foreigners
Reported by Nonbanking Business Enterprises
Table CM-IV-1.
-
Total Liabilities by Type
(In millions of dollars)
End of
calendar year
,
or quarter-end
month
in the
United States
.
May
)
111
1980
CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
in the
Reported by Nonbanking Business Enterprises
Table CM-IV-2.
-
United States
Total Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Austria
Belgiom-Luxembo
Bulgaria
Czechoslovakia.
Denmark
Finland
Fra
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Roman i a
Sp^in
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
•
n.a.
263
335
20
n.a.
259
328
21
41
61
362
21
343
n.a.
n.a.
38
334
45
394
n.a.
n.a.
38
57
13
3
9
230
n.a.
561
49
n.a.
200
449
421
276
n.a.
539
86
n.a.
173
518
475
355
597
259
616
12
7
24
24
26
520
1
1
920
664
42
38
1
201
1
143
726
269
1.023
25
34
6
15
4
n.a.
1
154
580
26
17
37
11
60
72
656
449
14
2,265
2,^97
24
123
57
n.a.
83
60
504
109
1,956
167
100
568
166
137
550
55
159
99
499
56
218
117
670
7
19
3.293
2,363
57
111
28
107
90
226
100
478
236
101
538
127
45
18
138
23
Total Europe
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles 1/...
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
!
31
125
551
454
n.a.
106
n.a.
56
211
18
14
17
225
104
507
117
183
243
17
18
337
369
335
351
116
137
135
451
151
85
180
427
16
n.a.
120
17
19
164
37
50
207
375
53
53
25
15
19
29
200
215
388
140
221
527
23
14
18
9
n.a.
86
64
115
434
165
363
83
173
430
373
378
403
17
222
101
311
Total Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
other Asia
137
93
85
2J
37
98
56
67
999
103
1,158
42
1,153
63
2
3
3
220
223
117
231
3
3
17
100
V
25
17
n.a.
1,344
1,511
184
96
90
145
114
,204
73
133
255
11
54
201
191
141
189
1,206
119
1.204
26
177
221
101
26
142
223
1,089
22
10
Total Asia
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countr es
Other Africa
37
n.a.
3
6
112
20
166
46
320
i^/
311
53
52
194
62
107
412
190
67
Total Africa.
Other countries:
ralia.
All other.
121
30
121
9,799
10,345
119
30
IS
Total other countries.
Total foreign countries.
International and regional :
International
European regional
Latin American regional..
Asian regional
African regional
Middle Eastern regional..
Total international
and regional
Grand total
DftM 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
(See
column are comparable to those shown for the following date.
introductory text to Capital Movements Section for explanation of
changes in reporting.
12,807
2/
3/
4/
*
Through December 31. 1975, Suriname included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than 5500,000.
p
n.a.
Not available.
5
384
69
Treasury Bulletin
112
-CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
Table CM-IV-3.
Reported by Nonbanking Business Enterprises
Total Liabilities by Type and Country as of
December
31,
in the
United States
1979 Preliminary
}Aay 1980
113
.CAPITAL MOVEMENTS.
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-1.
-
(.In
Total Claims by
Type
millions of dollars)
Payable in foreign currencies
Payable in dollars
End of calendar year
or quarter-end month
(1)
5,925
6,523
1969 1/.
Deposits
Total claims
Other
(5)
(2)
(3)
5,339
5,895
n.a.
n.a.
n.a.
n.a.
586
628
n.a.
n.a.
651
533
6,528
1970
8,303
8,068
7,652
7,534
n.a.
n.a.
<),09i<
9,960
8,445
9,309
n.a.
n.a.
12,529
11,642
n.a.
15,806
14,785
n.a.
17,047
15,942
n.a.
19,350
18,300
n.a.
21,298
19,880
n.a.
25,160
27,626
23,396
24,604
n.a.
9,753
30,071
27,241
12.Q75
14,266
29,398
26,495
11,871
14,624
30,072
27.407
11,987
15,420
Sept...
26,995
10,927
16,068
Dec. p.
29,664
1971 1/.
1972 1/.
1973.
1974.
1975.
1976.
1977.
1978-Dec.
U.
1979-Mar
June.
.
.
n.a.
14,851
Treasury Bulletin
114
CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-2.
-
Total Claims by Country
,
May
1980
115
-CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-3.
Total Claims by Type and Country as of
-
in the
D«:einber 31, 1979
United States
Preliminary
(Position In millions of dollars)
ConnnerciaL claims
ancial claims
Total
financial
c laims
Total
claims
C)
Europe
Austria.......
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
Franc e
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain,;
Sweden
Switzerland
Turkey
Unl ted Kingdom
U.S.S.R
Yugoslavia
Other Europe
Deposits
Total
(3)
Total
commer-
Denominated in
foreign currencies
Denominated
in dollars
Other
Total
(5)
(6)
Other
Deposi
(7)
c
Trade
receivables
laims
(8)
:
Total Europe
75
49
901
177
687
35
10
3
978
398
200
117
6
6
7
3
13
2
2
729
351
31
53
29
37
198
142
580
111
553
108
698
298
689
277
8
29
29
58
22
77
25
45
21
429
183
343
42
5,846
150
51
58
73
58
9
9
,941
357
5
37
17
136
3
96
74
378
125
269
*
33
78
905
146
60
10,335
Canada
Latin America and Caribbean
Argentina
Bahama s
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
...
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
;
183
29
2,315
2,294
28
,174
227
30
163
29
153
1,851
,766
123
810
1,867
191
170
10
83
57
123
15
86
862
54
70
564
82
41
10
154
2,174
11
153
123
9
11
23
10
69
158
23
496
48
496
48
158
10
69
138
22
472
2
474
125
159
Total Latin America and
Caribbean
5,339
Asia
China:
Ma i n 1 and
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
:
40
267
159
88
270
344
1,316
320
240
190
116
60
240
100
115
3
75
59
236
1
25
115
90
24
50
29
207
65
10
35
766
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
;
43
12
135
13
437
Total Africa
Other coi:ntries
Australia
All other
:
Total other countries
Total foreign countries
14,709
International and regional
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional...
:
Total international
and regional
Grand total
*
Less than $500,000.
14,724
375
125
236
33
837
84
.
Treasury Bulletin
116
.CAPITAL MOVEMENTS.
- TraasectioBS in Long-Term Seeuritiee by Foreigners
Reported by Banks and Brokers in the United States
Foreign Purchases and Sales of Long-Term Domestic Securities by Type
SeotioB VI
Table CM-VI-1.
-
(In millions of dollars; negative figures indicate net sales by foreigners or
a
net outflow of capital
t corporations and
Federally- sponsored agencies
U.S. Gov'
Bonds 1/
Net foreign purchases
Calendar year
or month
Foreign countries
Official Other
foreigninstitutions
ers
(1)
1970
1971
1972
1973
1974
1975
lii.
Gross
Interforeign
national
and
regional
purchase;
Gross
foreign
Gross
Net
Gross
sales
foreign
foreign
foreign
purchases purchases sales
(3)
__i4]_
_15]_
-25
130
691
2,414
634
57
4,358
2,738
3,382
8,898
25,610
39,818
32,354
1,043
2,433
3,854
6,903
17,514
16,974
27,651
41,058r
55
-41
123
1,672
3,316
-119
-22
(6)
742
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
1,263
n.a
n.a
1976
1977
1978
1,995
8,096
2,843
4,702
1979
2,813
1,781
723
309
38.245
541
5,509
1980-Jan-Mar.p
1,521
113
376
1,031
11,021
9,500
1,059
2,459
1979-Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec..,..,,
510
602
524
242
-149
298
1,033
515
92
-106
356
-791
-121
407
149
600
486
-180
-73
1,563
2,719
3,280
1,890
3,549
52
3
2,073
3,321
2,357
2,167
5,046
4,800
2,611
5,270
3,269
4,656
186
352
391
-191
486
4,216
1,930
4,538
4,379
-105
A, 129
15
3,787
3,498
3,737
2.429
3,127
3,944
500
152
1980- Jan
Feb.p...
Mar. p.
1/
. .
.
-913
277
1,497
584
681
632
1,110
527
1,357
371
-207
101
56'
-1,037.
547
481
-264
-104
5
-165
69
203
277
753
580
180
2,702
1,713
376
27
101
58
-80
-19
90
107
52
253
101
41
623
594
82
-185
Data include transactions in issues of states and municipalities.
Through December 1976, data also included transactions in issues
of U.S. Government corporations and Federally-sponsored agencies.
Gross
Net
Gross
foreign
foreign foreign
purchases
purchases purchases sales
Net
foreign
(12)
(13)
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,442
3,459
1,543
2,263
2,842
3,867
7,582
4,542
4,327
1,975
2,334r
626
731
2,188
2,790
540
3,330r
860
2,513r
ts)
1,661
3,281
465
-642
1,612
5,117
20,377
3,747
305
-472
from the United States)
Corporate and other securities
Marketable Treasury bonds and notes
183
247
95
90
190
406
n.a
n.a
4,297
4,516
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,585
3,253
956
703
1,881
1,951
1,039
756
1,202
1,467
l,125r
717r
4,969
1,400
334
300
52
206
677
24
133
142r
-26
-38
71r
241
197r
378
392
220
226
215r
207
183
599
526
189
173
245
2 50r
246
264
145
209
259
200
l,621r
22,595r
20,974r
2,144
10,240
505
95
191
557
838
596
1,025
337
155
!12
157
587
444
619
187
337
212
150
1,117
340
p
n.a.
r
2 1<J
68r
-5r
158
51
13
189
177
8,096
1,944
1,515
1,579
1,861
l,769r
2,382
2,074
2,385
1,876
2,359
1,439
1,520
1,389
1,794
l,774i
2,224
2,023
2,372
1,687
2,182
3,104
4,436
2,700
3,319
2,361
Preliminary.
Not available,
Revised.
Table CM-VI-2. Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of
a_5j_
4,678
2,753
2,575
2,420
402
409
143
430
654
350
-2
_
8,301
10,894
12,173
9,978
7,096
10,678
15,475
11,479
17,723
39
-77
399
(Ki)
Gross
foreign
sales
8,927
11,525
14,361
12,767
7,636
15,355
18,227
14,154
20,142
649
504
233
620
549
365
7
Gross
foreign
purchases
2,417
.
May
.
117
1980
MOVEMENTS-
-CAPITAL
- Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Country
Net Foreign Transactions in Maretable Treasury Bonds and Notes by
States)
Section VI
Table CM-Vl-3.
ilHons
of
doUa
s;
negative figures tndi
of capital
sales by Eoreigne
from the United
Calendar year
1990
through
Austria
Belgium-Luxembourg.
Bulgaria
Czechoslovakia
Denmark
Finland
n.s.
n.a.
23
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Sp^in
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
n.a.
2,404
55
-10
*
-15
2,880
1,599
-36
10
-383
-23
-3
-U2
236
-333
-466
27
-330
757
-235
520
166
863
8,403
-30
Total Europe
Canada
Latin America and Caribbean:
Argentina.
Bahamas. .
Bermuda.
.
zii.
British West Indies.
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles.
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries \/
Other Asia
51
2fi
24
-354
-124
4,173
377
- 1
,
544
5
-15
-198
-20
-10
-789
-1,327
-10
-25
-69
-33
-101
-1,015
Total Asia
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries ll.
Other Africa
Total Africa
Other countries:
Australia.
All other.
Total other countries.
Total foreign countries.
International and regional
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional..,
:
576
17
Total international
and regional
1,357
Grand total.
~1/
Qatar, Saudi
Includes Bahrain, Iran, Iraq, Kuwait, Oman,
States).
and the United Arab Emirates (Truclal
Includes Algeria, Gabon, Libya and Nigeria.
Preliminary.
n.a.
Not available,
Leas than $500,000.
r
Revised.
.. ..
.
.
,
.
Treasury Bulletin
118
-CAPITAL MOVEMENTS-
- Transactions in Long-Term Securities by Fort igners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bondi and Notes by Country
Section VI
Table CM-VI-4.
-
(Position at end of period in millions of dollars)
Calendar yea
Feb.
Europe
Austria
:
Belgiutn-Luxeinbourg
19
Bulgaria hL
Czechoslovakia
Denmark
Finland
Prance
German Democratic Republicl^/
Germany
Greece
Hungary !_/
Italy
Netherlands
Norway
Poland \l
n.a.
n.a.
3,168
Pot tuga 1
Romania \!
Spain.
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia. .
Other Europe,
',
100
497
Total Europe.
Canada.
Latin America and Caribbean
Argentina
Bahamas
Bermuda 1^/
Brazil
British West Indies U...
Chile
Colombia,
Cuba
Ecuador 1^/
Guatemala \J
Jamaica 1/
Mexico
Netherlands Antilles \J . .
:
,
,
n.a.
21
170
Peru
Trinidad and Tobago J_/.
Uruguay
Venezuela
Other Latin America and
Caribbean.
Total Latin America and
Caribbean
Asia :
China:
Mainland. . ,
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon 1/,
Malaysia 1/.
Pakistan T/.
Philippines.
Singapore i/.
Syria ]_/...",.
Thailand
Other Asia...
.
6,.S60
369
.
,
.
.
Total Asia,
Africa :
Egypt
Ghana \J
Liberia 1^/.
Morocco.
South Africa,
Zaire
Other Africa.
.
.
,
.
,
Total Africa.
Other coLntrie
Australia. ,
AU other..
Total other countries.
Total foreign countries....
International and regional :
International
European regional
Latin American regional..
Asian regional
African reginnal
Middle Eastern regional,.
Total International
and regional
Grand total
Note:
Dalii
repres
100
19
p
May
1980
119
CAPITAL
Section VI
MOVEMENTS
Transactions in Long-Term Securities by Foreigne/s
Reported by Banks and Brokers in the United States
Table CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In TTilUions of dollars
-
native figures indicate net sales by foreignets
ir
a
net outflow of capital
from the United States)
120
Treasury Bulletin
-CAPITAL MOVEMENTSSection VI - Transactions in Long- Term Securities by Foreigners
Reported by Banks and Brok irs in the United States
Table CM-VI-6. - Net Foreign Tranaacti ons in Domestic Stocks by Conntry
(In milli
^
,.
, .
.
1
May 1980
121
CAPITAL MOVEMENTSSectioD VI
-
Table CM-VI-7.
-
Transactions in Long-Term Securities by Foreigners Reported
by Banks and Brokers in the United States
Net Foreign Transactions in Long-Term Foreign Bonds by Country
(In millions of dollars; negative figures jpcJlcate net
s
ales by foreigners or a net outflow of capital from the United S tates)
Calendar year
1980
Mar.
through
Mar.p
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic,
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain.
Sweden
Switzerland
Turkey
Unl ted Kingdom
U.S.S.R
Yugoslavia..
Other Europe.
p
-110
-6
-13i.
-13
-114
-166
n.a.
-187
-126
-92
-12
-9
19r
12
t
n.a.
3
-315
498
-135
-448
149
29
Total Europe.
Canada.
Latin America and Caribbean :
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles.,,..
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
5
-5
60
22
Total Latin America and
Caribbean
Asia
China:
Mainland.
Taiwan. .
Hong Kong, .
India
Indonesia, .
Israel
Japan
Korea
Lebanon
Malaysia. . .
Pakistan....
Philippines.
Singapore. .
Syria
Thailand....
Other Asia..
:
17
.
-57
-203
-289r
-16
-117
-146
-2
Total Asi.
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa.
Zaire
Other Africa.
Total Africa.
Other coijntries :
Australia
All other
Total other countries.
Total foreign countries.
International and regional
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional...
:
Total interna tiona
and regional
Grand total
Preliminary.
* Less than $500,000.
Not available,
n.a.
p
r
Revised,
,
-1,023
-461
50
292
6
-942
-213
-125
2
5
-31
-148
Treasury Bulletin
122
-CAPITAL MOVEMENTS-
VI - Transactions in Long-Term Securities by Foreign
Reported by Banks and Brokers in the United States
Table CM-VI-8. - Net Foreign Tranaactions in Foreign Stocks by Country
Section
ons of dollars; negative figures indicate net sales by foreigners or
Calendar year
1980
through
Mar. p
Europe
Austria.
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France. .,..,,
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norvay
Poland
Portugal
Romania
Spain.
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe.
:
-1
-27
',
Total Europe
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
:
Co I omb la
Cuba
Ecuador
Guatemala
Jamaica,
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay.
Venezuela
Other Latin America and
Caribbean
Tptal Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
:
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries
International and regional :
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional.,.
To ta I Internationa 1
and regional
Grand total
p
*
r
Preliminary.
Less than '5500,000.
Revised.
Not available.
a
net outflow of capical
from
t
he United States)
May 1980
123
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Mudi 19S0 PrslimiDU7
Treasury Bulletin
124
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1979
illions of dollars)
.
purchases by foreigners
Gross sales by foreigners
MarketGov' t
Corp. and
Feder lUy-
ds
Stocks
lAay 1980
125
.FOREIGN CURRENCY POSITIONS.
Background
Data
have
collected
been
positions
currency
banks
of
since
1974
the
on
nonbanking
and
foreign
firms
in
the
United States, and on those of foreign branches, majority-
foreign
owned
partnerships,
majority-owned
and
foreign
subsidiaries of United States banks and nonbanking firms.
"Majority-owned
foreign
partnerships"
are
those
organized under the laws of a foreign country in which
one
nonbanking
more
or
institutions
the
in
concerns
United
own more than 50 percent
indirectly,
nonprofit
or
States,
directly
or
profit interest.
Reports cover nine major foreign exchange market currencies
"Majority-owned
and United States dollars held abroad.
corporations in which one or more nonbanking business
required
pursuant
Title
to
of
II
Reporting has been
Public
Law
amendement to the Par Value Modification Act,
93-110,
foreign
subsidiaries"
are
foreign
an
concerns or nonprofit institutions located in the United
of September
States directly or indirectly own stock with more than
21, 1973i and implementing Treasury regulations.
Statistics
50
percent of the total combined voting power of all
on the positions will be published monthly in the Treasury
classes
Bulletin
percent of the total value of all classes of stock.
beginning with data for December 1975.
,
report
The
forms
instructions
and
used
in
the
of
entitled
stock
vote,
to
more
or
than
50
Reporting Threshold
collection of bank data were revised effective with reports
as of November
for
1978,
1,
the weekly reports,
and as of
October 31. 1978 (the last business day of the month), for
The most recent revision of the nonbank
the monthly reports.
foreign currency
forms
(see below)
became effective as of
the last business day of September 1978.
on the forms,
Among the changes
the Belgian franc was deleted as a reporting
currency.
The exemption level applicable to banks and banking
institutions is $10 million equivalent.
level
applicable
to
nonbanking
The exemption
business
concerns
and
nonprofit institutions was $1 million equivalent on all
nonbank forms from March 1975 through November 1976.
was
raised
to
million
$2
equivalent
on
the
It
monthly
reports of positions held in the United States.
From
November 1976 through September 1978 the exemption level
was raised to $3 million on foreign subsidiary positions
Common Definitions and Concepts
on June 31,
1977 and for positions held in the United
States on September 30, 1978.
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
American Samoa,
Rico,
Canal
the
Zone,
Virgin Islands, and Wake Island.
locations
other
"worldwide"
than
the
Midway Island,
the
The term "foreign" means
"United
The
States",
term
to describe the sum of "United States"
is used
and "foreign" data.
Data for the United States include amounts reported by
United States including the U.S. branches and subsidiaries
of foreign nonbanking concerns, in the case of "nonbanking
and
positions",
agencies,
the
branches,
and
subsidiaries located in the United States of foreign banks
and
banking
institutions,
monthly "bank positions"
Data for "foreign
amounts
reported
partnerships
and
in
the
case
of the weekly and
,
by
branches"
"abroad"
and
majority-owned
do
reflect
not
subsidiaries
the positions of
include
majority-owned
branches,
the
States banking and nonbanking concerns.
data
report
their
entire
foreign
currency
United States dollar equivalent value is reached in any
category
of
assets,
liabilities,
exchange
contracts
bought and sold, or the net position in the currency.
In
general, exemption levels are applied to the entire firm
sole proprietorships, partnerships, and corporations in the
firms*
Firms must
position in a specified foreign currency if a specified
United
the
States and
subsidiary.
or
branches,
separately
majority-owned
each
foreign
their
foreign
to
reports
In
on
partnerships
foreign
and
majority-owned foreign subsidiaries, United States banks
and nonbanks are required
dollar
-
denominated
to report the United States
assets,
contracts bought and sold,
liabilities,
exchange
and net positions of those
branches, partnerships, and subsidiaries with reportable
positions in the specified foreign currencies.
United
of
In general,
foreign
in
branch
these
Description of Statistics
parents or
foreign parents* subsidiaries located abroad except through
Data
collected
on
the
Treasury foreign currency
foreign
forms are
published
in
the
Treasury Bulletin in nine
intercompany
The
accounts.
data
include
the
subsidiaries of a few foreign-owned U.S. based corporations.
Assets,
data
are
liabilities, and foreign exchange contract
reported
on
the
basis
of time
remaining
to
sections.
The
first
presents
section
summary
a
of
worldwide
net
reported.
Sections II through VIII each present data on
positions
in
all
of
currencies
the
maturity as of the date of the report, regardless of the
a Specified foreign currency.
original maturity of the instrument involved.
United States dollar positions of the foreign branches
means due for receipt or delivery within
days
from the date of the report.
maturing in
1
2
"Spot"
business
"Short-term" means
year or less from the date of the report.
and
subsidiaries
required
to
of
report
foreign currencies.
United
in
one
Section IX
States
or
more
presents the
firms
of
the
which
are
specified
Treasury Bulletin
126
.FOREIGN CURRENCY POSITIONS.
Section
I
-
Summary
Positions
Table FCP-I-1. - Nonbanking Firms, Positions
(In millions of foreign currency units)
Report date
i/
}Aay 1980
127
.FOREIGN CURRENCY POSITIONS.
Section
II
-
Table FCP-II-1. -
Canadian Dollar Positions
Nonbanking Firms' Positions
1/
Treasury Bulletin
128
.FOREIGN CURRENCY POSITIONS.
May
129
1980
FOREIGN CURRENCY POSITIONS
Section
III
-
French Franc Positions
Table FCP-III-1. - Nonbanking Firms' Positions
130
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section III - French Franc Positions
Table FCP-III-3. - Consolidated Monthly Bank Positions
wi
^ay
131
1980
.FOREIGN CURRENCY POSITIONS.
Section IV -
German Mark
Positions
Table FCP-IV-1. - Nonbanking Firms' Positions
Position
at end
of month
Treasury Bulletin
132
.FOREIGN CURRENCY POSITIONS.
Section IV - German Mark Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions
133
May 1980
FOREIGN CURRENCY pnsTTinMS
Section V - Italian Lira Positions
Table FCP-V-1. - Nonbanking Firms' Positions
Position
at end
of month
Treasury Bulletin
134
.FOREIGN CURRENCY POSITIONS.
Section VI - Japanese Yen Positions
Table FCP-VI-1. - Nonbanking Firms' Positions
May
135
1980
.FOREIGN CURRENCY POSITIONS.
Section VI - Japanese Yen Positions
Table FCP-VI-3. - Consolidated Monthly Bank Positions
(In millions of yen)
w
Treasury Bulletin
136
.FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VII-1.
Position
at end
of month
Swigs Franc Positions
Nonbanking Firms' Positions
May
1980
137
.FOREIGN CURRENCY POSITIONS.
Section VII - Swiss Franc Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions
w
Treasury Bulletin
138
FOREIGN CURRENCY POSITIONS
Section VIII - Sterling Positions
Table FCP-VIII-1. - Nonbanking Firms' Positions
Posi Cion
at end
of month
May
1980
139
.FX)REIGN
CURRENCY POSITIONS.
Section VIII - Sterling Positions
Table FCP-VIII-3.
-
Consolidated Monthly Bank Positions
w
140
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section IX - United States Dollar Positions Abroad
Table FCP-IX-1. - Nonbanking Firms' Foreign Subsidiaries' Positions
May
1980
141
.FOREIGN CURRENCY POSITIONS.
Section IX - United States Dollar Positions Abroad
Table FCP-IX-3. - Monthly Bank Foreign Office Positions
w
,
142
Treasury Bulletin
FOREIGN CURRENCY POSITIONS-
Footnotes
1/
Worldwide net positions on the last business day of the
6/
All current assets other than liquid assets and short-
calendar quarter of nonbanklng business concerns in the
term trade receivables, and financial assets maturing In
United States and their foreign branches and majority-
more
than
year
one
from
intracompany accounts,
receivables and Installment paper which have been sold
term trade receivables
subsidiaries.
and
before maturity,
or discounted
and stocks,
companies*
parent
U.S.
equipment)
and
(plant
assets
fixed
report
date
.
Includes
prepayments,
long-
long-term intracompany clklms
,
and other securities.
and
equipment)
Fixed assets
investment
parents'
majority-owned foreign subsidiaries
capitalized
and
bonds,
and
(pleint
investment in their majority-owned foreign subsidiaries,
the
inventories,
Excludes
partnerships
owned
in
are excluded.
leases for plant and equipment.
1/
2/
Foreign
majority-owned
and
branches
partnerships
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay-
and
ables;
subsidiaries only.
intracompany liabilities, accrued expenses, and
liabilities
V
Weekly
worldwide
institutions
branches
the
in
United States,
majority-owned
and
of
positions
net
banks and
banking
report date.
their
foreign
excluded.
and
foreign
maturing
in
more
than
one
year
from
the
Capitalized plant and equipment leases are
subsidiaries.
8/
Excludes capital assets and liabilities.
Outstanding amounts of foreign exchange which have been
contracted to be received or delivered in the future.
^/
Foreign branches and majority-owned subsidiaries only.
5/
^fonthly worldwide net positions including capital assets
Excludes spot exchange.
9/
Columns C1),(3),C5), and (7) less columns (2),(U),C6),
and (8).
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
10 /
their foreign branches and majority-owned subsidiaries.
rates
Representative
on
the
report
date.
Canadian
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
6/
Foreign branches and majority-owned subsidiaries only.
foreign units per U.S. dollar.
SECTIONS
ri
THROUGH IX
11 /
Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
1/
In
Positions of nonbanking business concerns in the United
States
their
and
branches
foreign
partnerships and subsidiaries.
and
positions
In section IX
section
X,
foreign branches and majority-owned sub-
sidiaries only.
majority-owned
12 /
Excludes capital assets and liabilities.
13/
Includes both spot and forward exchange contracts.
m/
Sum of columns (3) and
15/
Sum of columns
16 /
Sum of columns (5) and (10).
17/
See footnote 10.
18/
See footnote 11.
19/
Fixed-rate loans are reported by time remaining to final
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Includes unsettled spot foreign exchange purchase contracts,
well
as
currency,
as
deposits, negotiable and
other
readily
financial instruments maturing in
the
report date,
other
parties
accounts
and
1
and
time
(
tl)
(8).
and (9).
transferable
year or less from
intracompany claims and loans to
repayable
receivable,
demand
on
and
demand.
unaccepted
Other
trade
loans,
drafts
are
excluded.
Z/
Includes
unsettled
contracts,
spot
intracompany
foreign
liabilities,
exchange
other than
trade payables, short-term borrowings due in
less
from the report date,
long-term
debt.
Other
sales
maturity or the nearest call date, whichever is earlier,
short-term
and floating-rate loans by time remaining to the nearest
1
year or
interest-fixing date.
and the current portion of
loans,
accrued
expenses
and
20/
V
21 /
Due in
year or less; includes intracompany trade
1
receivables.
Receivables and installment paper sold or
discounted before maturity are excluded.
5/
Due
in
payables.
1
year or
less;
includes intracompany trade
Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
accounts payable are excluded.
r
n. a.
Sum of columns (3) and (6).
Revised,
Not available.
May
143
1980
FINANCIAL OPERATIONS OF
Section II
Table GA-II-1.
-
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
.
.
'
144
Treasury Bulletin
.FINANCIAL OPERATIONS OF
Section
Table GA-III-1.
-
Civil
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Service Retirement and Disability Fund
(In millions of dollars)
Receipts
Donatiions, ser-
Fiscal year
or month
1921-70.
Agencies
contributions
46
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980 (Est.).
1981 (Est.).
1979-Apr...
May...
June
.
July..
Aug. .
Sept.
Oct...
Nov.
Dec...
.
1980-Jan
Feb
Mar
Fiscal 1980
to date. .
.
^vrnployees
contributions
Federal
contributions
vice credit payments, and other
misc. receipts
Interest and
profits on
investments
..
..
..
May
,
1980
145
.FINANCIAL OPERATIONS OF
Table GA-III-2.
GOVERNMENT AGENCIES AND FUNDS
8«ctioB III - Truit Fundi
Federal Old-Age and Survivora Insurance Trust Fund
-
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Total 2/
Appropriations
3/
1937-70
T.Q
1977
1978
1979
1980 (Est.).
1981 (Est.).
1979-Apr
May
June.
.
July...
Aug. ...
Sept...
Oct
Nov
Dec...
1980-Jan
Feb
Mar
Fiscal 1980
to date.
.
Net earnings
on investments
Total 5/
1,919
616
1,672
1,273
560
546
104,029
121,163
-17
57
7,422
3,279
-830
55
i.'7,246
683
6,691
6,307
10,449
6,381
5,704
9,421
6,044
6,283
6,969
7,214
11
13
89
7,859
15,709
80
5,684
6,378
5,540
3,391
-866
-39
2,948
-644
7,964
15,783
146
8,085
8,082
8,085
6,794
11,312
6,809
6,797
8,014
7,542
-20
3,218
-783
8,100
3,214
8,225
8,022
8,133
8,152
46,084
39,955
4,680
48,791
48,238
Cons truction 8/
Reimbursement
to general
1,083
4,4M
2
72
78
81
91
478
504
567
615
745
801
194
823
7
5
2
2
83
129
13
27
15
133
108
110
n, a.
n.a.
11
5
June.
.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
Bureau of
OASI 10/
49
7
1979-Apr
May
6
12
8
7
6
4
4
32
59
95
592
16
80
50
557r
955
971
Net increase
or decrease
(-),
or from (-), FDI
FHI, and FSMI
Trust Funds
assets
5
2
.
.
32,631
1,714
2,068
2
11
4
16
12
17
4
8
3
-15
1,452
2,086
-1,969
-924
-1,691
-4,394
-3,236
2
7
6
-3,043
-9,279
1,252
2,974
-2,768
92
65
57
141
-1,578
-5,334
6,235
-2,381
1,339
-2,041
-14
-1,306
3,098
-1,417
-14
-2.707
72
1,448
Unexpended
balance
3/
n.a.
n.a.
100
93
85
80
Fiscal 1980
to date.
Investments
In
-7
83
81
1,208
1,589
1,448
Assets, end of period
Reimbursement to,
22
22
-9
783
909
982
1,212
7,938
7,993
7,999
Continued
-
87
1980-Jan
Feb
Mar
1,468
1,568
8,680
11,096
10,984
fund 9/
1980 (Est.).
1981 (Est.).
101,334
118,322
7,307
7,148
7,151
75,678
86,197
99,081
8,634
6,886
6,071
2,153
782
449
488
473
441
450
423
*
611
611
13,338
1,618
1,718
1,848
2,040
2,296
2,349
80
2,282
Administrative expenses
1937-70.
1971
1972
1973
1974
1975
1976
T.O
1977
1978
1979
5,139
613
724
99,525
111,884
8,675
10,220
5,923
17,654
3,066
3,596
4,131
4,989
5,898
6,654
1,847
7,676
7,860
Payments to Railroad Retirement
Accounts 6/
231,329
31,101
34,540
42,170
47,847
54,839
62,164
16,874
71,271
78,524
87,592
86,893
242,334
28,849
32,114
37,187
43,465
50,119
52,900
14,259
61,219
66,187
Expenditures other than investments
Fiscal year
or month
Benefit
payments
241,475
32,268
35,848
43,623
49,483
56,676
64,296
17,110
73,479
81,205
90,129
274,108
33,982
37,916
43,639
50,935
58,763
62,327
16,186
71,788
76,811
1971
1972
1973
1974
1975
1976
Deposits by
States 4/
32,631
146
Treasury Bulletin
FINANCIAL OPERATIONS OF
Section
Table GA-III-3.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Federal Disability Insurance Trust Fund
(In millions of dollars)
Hay 1980
147
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
III
-
Trust Funds
Footnotes
Table GA-III-3.
Transition Ouarter includes $27 million for vocational rehabilitation
Fiscal Year
services and $2 million for construction of buildings.
Includes $84
1977 includes $77 million for vocational rehabilitation.
million for vocational rehabilitation and $2 million for construction
of buildings for FY 1978.
5/ 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
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget es timates are based on the 1980 Budget of
the U.S. Government, released January 22, 1979.
Includes payments for military service credits as follows:
$16 mil1/
lion for each FY 1967, FY 1968, $32 million FY 1969, $16 million for
each FY 1970, 1971, $50 million FY 1972, $51 million FY 1<)73, $52 million and $3 million for interest on reimbursement of administrative and
vocal rehabilitation expenses FY 197^, $52 million military service credits for FY 19,75. Includes payments for military service credits, $90 milFY
lion for FY 1976,$103 million for FY 1977, $128 million for FY 1978.
1979 estimates include $1^2 million for military service credits.
Includes unappropriated receipts from January 1962 to June 1965.
2/
To cover employees of States and their political subdivisions under
3/
the Social Security Act (A2 U.S.C, 418).
4/
Includes payment for Vocational Rehabilitation Service beginning
FY 1966 and construction and equipment of buildings beginning FY 1967.
(45 U.S.C. 228 e (k)).
6/ For appropriate share of administrative expenses, including interest,
paid from the trust fund during the preceding fiscal year as determined by the Secretary of Health, Education, and Welfare (42 U.S.C.
Beginning July 1966 monthly reimbursements are paid to
401 (g) (1)).
~
the Social Security Administration to cover salaries and expenses
instead of the semi-annual reimbursement to FOASI.
Retirement Accounts in FY I960.
]_/ Includes $27 million paid from Railroad
8/ Excludes transactions for investments in non-Federal securities.
* Less than $500,000.
Table GA-III-2.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1980 Budget of
the U.S. Government, released January 22, 1979.
Includes transactions under the predecessor Old-Age Reserve Account.
\_/
Total includes:
$15 million transferred from general fund for
2/
administrative and other costs of benefits payable to survivors of
$35
certain World War II veterans (60 Stat» 979 and 64 Stat, 512):
million (1937-59), paid from the Railroad Retirement Accounts; beginning November 1951, small amounts in the nature of recoveries from
interest
expenditures incidental to the operations; beginning 1958,
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, $37]
million FY 1971, $351 million for FY 1972, $337 million FY 1973 and
Fiscal Year 1975
$303 million FY 1974 for benefits for the aged.
includes $140 million for military service credits and $307 million
Fiscal Year 1976 includes $157
for special benefits for the aged.
million for military service credits and $268 million for special
benefits for the aged. Fiscal Year 1977 includes $378 million for
military service credits and $236 million for special benefits for
the aged.
Fiscal Year 1978 includes $385 million for military
service credits and $228 million for special benefits for the aged.
Fiscal Year 1979 estimates include $384 million for military service
credits and $230 million for special benefits for the aged.
3/ Includes unappropriated receipts from January 1962 to June 1965,
4/ To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1950 (42 U.S.C. 418),
5/ Includes payments for vocational rehabilitation services to Federal
~
Disability Insurance Trust Fund and Socialand Rehabilitation Service.
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.
b/ Payments are made between
228e (k)).
Excludes transactions for investments in non-Federal securities.
8/ Construction and equipment of office buildings for the bureau (Public
Law 170, approved July 31, 1953 (67 Stat. 254)).
9/ 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.
10 / Salaries and expenses of the Bureau of Old-Age and Survivors Insurance 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) (D); previously
these expenses were included in reimbursements to the general fund.
Beginning July 1966 payments of salaries and expenses for Social
Security Administration are charged directly to each trust fund.
* Less than $500,000.
_?/
...
.
148
Treasury Bulletin
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-4.
-
III
-
Trust Funds
Federal Hospital Insurance Trust Fund
(In milLions of dollars)
Receipts
Fiscal year
or month
Net
Appropriations
Total
1/
1966-70
T.Q
1977
1978
18,865
6,018
6,031
8,352
11,610
12,568
13,544
3,516
15,374
18,543
14,917
4,414
4,692
6,938
9,503
10,077
10,718
2,918
12,372
14,834
1979
22,330
18,355
1980 (Est.)
1981 (Est.)
75,517
32,539
20,607
25,951
1979-Apr...
May. ..
June.
1,940
1,683
2,670
1,921
1,653
1,573
July..
Aug...
Sept..
Oct...
Nov...
Dec
1,531
1,741
2,540
1,522
1,690
2,021
1,420
1,574
2,341
1,379
1,544
1,344
1,651
1,944
3,012
1,622
1,924
1,805
1971
1972
1973
1974
1975
1976
.
.
1980-Jan...
Feb...
Mar .
Fiscal 1980
to date.
.
.
Federal
payments
Deposi ts
by States
Interest
and profits on
investments
1,403
486
534
725
1,099
1,214
1,314
448
1,276
1,844
346
180
188
196
178
66
66
64
406
608
708
770
780
103
140
146
145
12
226
1,990
868
242
2,690
3,008
1,098
1,430
251
2/
2,021
87h
551
429
499
529
6 58
944
860
871
852
13
17
13
1
494
410
193
1966-70
1971
1972
1973
1974
1975
1976
3
4
2
2
4
1
7
1
21
7
2
386
469
1
20
7
2
11
8
1
T.Q
1977
1978
1979
1980 (Est.).
1981 (Est.).
1979-Apr. ..
May.
June.
.
.
July..
Aug.
Sept..
Oct...
Nov.
Bee.
.
.
.
1980-Jan...
Feb...
Mar...
Fiscal 1980
to date.
.
2
1
871
Benefit
payments
16,187
1
5
46
513
33
Expenditures other than investments
Fiscal year
or month
298
468
7 30
11,943
5
Administrative
expense
Assets, end of period
Cons truction
crease,
or de-
crease
(-),
in
assets
Investments
Un-
expended
balance
. .....
Hay 1980
149
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-6.
-
III
-
Trait Fandi
Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)
Expenditures other than investment
Receipts
Fiscal Year
or month
Interest
and profits on
invest-
Federal
contributions
Total 1/
Benefit
payments
All
other
""""•^
1967-70
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980 (/.St.)
1981 (Est.)
1979-Apr
May
June.
.
July.
..
Aug
Sept..
Oct. ..
Nov.
Dec...
.
.
.
1980- Jan
Feb
Mar
Fiscal 1980
to date.
6,425
2,516
2,734
2,902
3,809
4,336
4,980
1,421
7,383
9,045
3,184
1,253
1,340
1,427
1,579
1,750
1,769
492
1,987
2,186
3,169
1,245
1,365
1,430
2,029
2,330
2,939
878
5,053
6,386
9,840
2,373
6,841
10,405
12.468
799
794
915
2,621
2.978
7,097
8,737
569
201
197
190
220
215
208
573
605
566
431
555
548
828
790
808
225
204
215
575
557
566
20
2
383
34
1
43
2
77
124
152
168
46
210
244
8,813
8,259
295
335
22
10,321
12,112
744
9,670
11,422
700
22
24
778
718
719
677
22
21
744
852
728
878
829
827
696
801
684
824
788
789
25
25
23
870
909
778
811
853
733
4
132
229
392
418
14
161
43
1
26
22
4,798
Expenditures other than investment-Continued
Fiscal Year
or month
1979
1980 (Est.)
1981 (Est.)
19/9-Apr....
.
Assets, end of period
Net
increase,
or de-
Administrative
expenses
1967-70
1971
1972
1973
1974
1975
1976
T.p
1977
1978
Construstion
crease
Investments
in
(-),
assets
57
57
233
191
290
13
257
1,041
1,689
481
746
1,272
1,438
1,219
1,238
2,279
3,968
1,231
1,378
1,230
1,244
2,232
4,021
554
1,026
4,994
4,974
652
689
44
84
356
5,094
5,596
4,666
4,683
4,880
691
247
287
245
409
404
528
132
475
501
265
526
166
-220
20
59
55
16
40
198
-197
-33
138r
59
56
-42
-119
45
29
4,861
4,741
4,771
-224
4,771
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates based on the 1981 Budget
of the U.S. Government, released January 28, 1980,
Includes $2 million FY 1973, $1 million FY 1974, and $1 million
FY 1975 for interest on reimbursement of administrative and vocational
rehabilitation expenses. Premiums collected for the disabled were
U
5,089
5,591
5
5
4,688
54
40
38
.
46
41
60
-12
-5
47
-52
4,924
4,825
4,688
5,M7
Fiscal 1980
to date. .
3
700
4,994
4,798
4,764
4,903r
191
-123
1980- Jan
Feb
478
-43
107
4,936
44
.
44
33
4,979
5,010
4,974
4,933
4,828
4,885
55
51
Sept.
.
expended
balance
-67
-25
-21
48
Oct
Nov.
Dec
Un-
4,734
4,708
4,901
July...
Aug
.
5,678
2,035
2,255
2,391
2,874
3,765
4,672
1,269
5,867
6,852
6,367
2,283
2,544
2,637
3,283
4,170
5,200
1,401
6,342
7,356
4,867
.
May
June.
-698
17
29
104
104
561
541
799
1,034
605
681
795
965
770
20
-136
-64
18r
-63
-83
83
83
S125 million FY 1974, $151 million FY 1975, $168 million FY 1976.
$46 million Transition Quarter, and $206 million FY 1977.
Fiscal
Year 1978 includes $245 million of premiums collected from disabled
participants. FY 1979 estimates include $258 million of premiums
collected from disabled participants.
* Less than $500,000.
r
Revised.
.
.
Treasury Bulletin
150
GOVERNMENT AGENCIES AND FUNDS
.FINANCIAL OPERATIONS OF
Section III
Table GA-III-6.
-
-
Trust Funds
Railroad Retirement Accounts
(In millions of dollars)
Expenditures other than Investments
Receipts
Fiscal year
or month
Total
1/
Appropriations
Interest
and profits on
invest-
From FOASI
and FDI
trust
funds 3/
r
All
other
ments
196^-70.
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979....
2,719
3,597
3,887
4,175
17,191
980
1,008
,189
1,411
1,489
1,525
328
1,908
1,822
2,190
1980 (Est.).
1981. (Est.).
4,440
5,043
2,395
2,950
265
ly/v-Apr. ....
May.
June
84
339
1,545
79
5
324
20
14
47
26,083
1,962
2,097
2,356
2,627
2,777
3,26r.
337
July.
Aug..
Sept.
Oct..
Nov.
Dec. .
74
366
225
64
621
226
,
1980-Jan
Feb
Mar
Fiscal 1980
to date.
.
.
27
708
208
1
247
258
262
254
274
246
5,324
626
749
802
931
1,010
1,239
849
109
82
103
31
4
250
9
231
197
194
201
73
361
223
55
9
360
212
261
14
23
385
207
10
1
1,208
1,618
1,477
1,467
1,542
2
50
2
50
313
313
3
50
JJ^
rom'
Unemployment
Trust
FuAd 4/
747
87
62
81
9
Total
5/
21,221
1,968
2,199
2,480
2,679
3,083
3,482
921
3,800
3,983
4,232
20,198
1,889
2,107
2,419
2,649
3,05?
3,448
913
3,768
3,952
4,241
4,748
5,157
4,709
5,120
353
352
350
349
349
347
376
371
375
376
378
379
376
56
6
3
2
403
379
381
J
1
Benefit
payments
385
385
385
381
381
381
2,296
2,276
.
May
1980
151
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
III
-
Trust Funds
Table GA-III-7. - Unemployment Trust Fund
(In millions of dollars)
Receipts
Railroad Unemployment Insurance
Employment Security Programs
State
accounts
Fiscal year
or month
Deposits
by
States
1936-70
74,427 10/
4,371 U/
5,498 _12/
6,725 12/
7,486
8,195
15,215
3,378
14,985
15,151
15,890
1971
1972
1973
1974
1975
1976
W
T.q
1977
1978
1979
1980 (Est.)
1981 (Est.)
1979-Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4/
5/
3/
5,366
964
1,011
1,297
1,454
1,355
1,531
371
1,875
2,600
2,907
833 11/
573
146
-9
78
5
7,878
625
3,442
1,045
fund 9/
Deposits
by
Railroad
Retirement
accounts
Retirement
accounts
7/
B/
Advances from
Rail road
General
fund
Deposits
by
Railroad
Retirement
Board
745
112
113
50
35
7
HI
3
7
51
7
7
8
537
495
487
650
639
283
3
55
15
14
14
232
256
15
503
553
655
3,274
3,729
477
878
2
39
124
19
42
215
1,170
2,885
869
2,383
335
461
1
42
2
3
161
81
20
321
646
1,411
103
194
225
6
51
40
5,491
425
1,073
108
249
412
55
1
17
All
other
ments
5,507
2,904
119
109
110
34
159
204
193
Interest
and
profits
on
invent-
13,377
14,720
1,178
3,984
544
1,517
230
.
fund
Federal
Extended
Compensation
Account
Administration
17,400
19,300
1,555
4,903
404
575
Fiscal 1980
to date.
Appropriations
Advances
from
general
Federal
Unemployment
Account
Board
180
171
1,703
1980-Jan
Feb
Mar
56,396
2,582
3,226
4,634
5,264
5,299
6,404
2,280
9,252
11,032
12,273
Employment Securi ty
Administration
Account 2/
Railroad Unemployment
Insurance Account 6/
-2
-35
38
15
-19
53
371
-31
28
22
131
10
13
6
5
1
,,'
.
152
Treasury Bulletin
GOVERNMENT AGENCIES AND FUNDS
.FINANCIAL OPERATIONS OF
Section
-
III
Trust Funds
Table GA-III-7. - Unemployment Trust
Fund—Continued
(In millions of dollars)
Expenditures other than investments
-
Continued
Railroad Unemployment Insurance
Railroad Unemployment Insurance Account ^/
Fiscal year
or month
Benefits
payments
Temporary
extended
benefit
payments
1936-70
3
,228
95
120
73
50
T.Q
1977
1978
fund
II
Repayment of advances to
Railroad
Retirement
Accounts
17/
1971
1972
1973
1974
1975
1976
Administration
747
87
62
81
9
All
General
other
fund
100
Administrative
expenses
95
2
7
2
8
1
7
7
1,7
7
218
47
180
197
9
11
226
192
11
2
9
1979
1980 (Est.)
1981 (Est.)
1979-Apr
May
June.
.
•
12
10
1
8
*
8
1
July...
Sept...
Oct
Nov.
Dec
9
1
11
1
16
.
11
1980-Jan
Feb
M,r
Fiscal 1980
21
to date.
.
1
.
.
Aug
.
12
.
13
20
19
Net
}Aay 1980
153
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Fundi
Table GA-III-8.
-
National Service Life Insurance Fund
:
154
Treasury Bulletin
.FINANCIAL OPERATIONS OF
Section
Table GA-III-9.
-
GOVERNMENT AGENCIES AND FUNDS
-
III
Trust Funds
Investments of Specified Trust Accounts
and Agency Securities by Issues, as of Mudt
in
Public Debt Securities
31, 1980
fin millions of dollars)
Investment securities
Type and rate
Payable
date
Issue
date
Federal Old-Age
and Surviors
Insurance
Trust Fund
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
7/31/80
8/15/80
1/31/81
2/15/81
5/15/82
8/15/82
11/15/82
7/31/75
8/15/74
1/31/76
2/15/74
5/15/75
8/15/75
11/17/75
2/15 /80
1/75 80
1/15 /80
8/15 /81
6/1 5/78 83
8/15 /84
5/1 5/-'5 85
5/15 /S5
1 1/15 /R6
2/15 /10
5/15 /OO
8/1 5/87
2/1 5/88
8/1 5/88 93
2/15 /93
5/8 -04
8/15 /9i.
2/15 /95
1 1/15 /98
5/1 5/14 -99
8/1 5/95 -00
8/1 5/')6 -01
5/1 5/00 -05
2/1 5/0
1/23/59
4/01/51
10/03/60
8/15/71
5/01/53
8/15/72
6/05/60
6/03/58
11/15/71
2/14/58
4/7/75
8/15/62
1/17/63
8/15/73
2/13/73
4/18/63
8/15/74
2/15/55
10/03/60
5/15/74
8/15/^5
8/16/76
5/15/^5
2/15/77
8-1/8..
8-3/8..
8-1/2..
8-5/8..
8-7/8..
10-1/2.
10-3/4.
12-3/8.
13-1/4.
(/30/80
h/ 30/30
6/30/80
6/30/80
6/30/80
6/30/80
6/30/30
6/30/80
6/30/80
6/30/80
4/01/SO
6/30/79
10/01/79
11/01/79
12/03/79
1/02/80
2/01/80
3/03/80
11/01/79
2/01/80
3/03/80
3/01/80
Bills:
4/01/80..
4/02/80..
4/29/80..
5/01/80..
6/24/80..
7/22/80..
10/14/80.
4/01/80
4/02/80
4/29/80
5/01/80
6/24/30
7/22/80
10/14/30
Various
6/30/81-92
6/30/81-90
6/30/81-91
6/30/31-89
5/30/81-93
6/30/30-94
6/30/77
6/30/75
6/30/76
6/30/74
6/30/78
6/30/79
8-1/27,
l-'i/i.
8
-1/8.
-VS.
3/6-Invest. Ser.
1/2
1/4.
3/8.
1/4.
1/4.
1/8.
1/2.
1/4.
1/4.
-1/2.
-7/8.
-1/8.
-3/4.
1/2.
1/2.
3/8.
-1/4.
-VS.
1
45
127
2
10
1
153
.065
745
449
53
50
60
32
15
21
33
14
100
113
106
33
18
100
91
552
30
15
6
50
91
22
Government a ounr series:
Certificates
7-7/87.
8
3,742
1,751
519
1,732
227
2,140
7,457
469
1,643
287
100
175
190
170
do
do
20
do
do
1,385
Bonds;
7-1/87..
7-3/8..
7-1/2..
7-5/8..
8-1/4..
8-3/4..
Total....
2,392
2,506
2,933
1,118
1,556
1,273
310
543
584
519
597
1,201
20,925
5,866
524
1,987
1,775
3,651
1,427
2,452
757
177
162
558
1,646
1,275
,688
Agency Securities:
Participation Certificates:
5.20V.
5.10
6.40
6.50
6.45
6.20
1/19/32
4/06/87
12/11/87
2/01/38
4/03/88
8/12/SS
1/19/67
4/05/67
12/11/67
1/30/68
4/08/68
8/12/68
100
50
75
Total.
Total Securities
*
Less than $500,000.
2,591
11,116
Hay
1980
155
.CUMULATIVE TABLE OF CONTENTS.
June 1979 through May 1980
Issues and page numbers
July
Aug.
Sept
Treasury financing operations.
Federal fiscal operations:
Summary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
in Federal securities (net)
Trust fund transac tions
Selected accrual data reported by Federal
agencies
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
Federal obligations
10
11
12
13
.
Account of the U.S. Treasury
Status of the Account of the U.S. Treasury
Elements of changes in Federal Reserve and tax
and loan account balances
Gold assets and liabilities of the Treasury....
:
19
18
18
19
20
21
21
22
22
23
24
25
26
23
24
24
25
27
28
25
25
26
25
25
26
26
26
29
29
30
20
17
18
22
23
24
20
21
22
17
Monetary statistics :
Currency and Coin in Circulation
Federal debt:
Surmiary of Federal debt
Computed interest charge and computed interest
rate on interest-bearing public debt
Interest-bearing public debt
Government account series
Interest-bearing securities issued by
Government agencies
Participation certificates
Maturity distribution and average length of
marketable interest-bearing public debt
Debt subject to statutory limitation
Status and application of statutory limita-tion.
Treasury holdings of securities issued by
Government corporations and other agencies...
Description of securities of Government corporations and other business-type activities
held by the Treasury
Public debt operations:
Maturity schedule of interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstanding
Offering of bills
New money financing through regular weekly
Treasury bills
Offerings of public marketable securities other
than regular weekly Treasury bills
Unmatured marketable securities issued at a
premium or discount other than advance refunding operations
Allotments by investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills
Foreign series securities (nonmarketable)
issued to official institutions of foreign
countries
Foreign currency series securities (nonmarketable) issued to official institutions of
foreign countries
Foreign currency series securities issued to
residents in foreign countries
United States savings bonds
Sales and redemptions by series, cumulative...
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods. Series E
through K
Redemption of matured and unmatured savings
•
bonds
Sales and redemptions by denominations. Series
E
and H combined
Sales by States, Series E and H combined
21
22
23
22
25
26
27
28
24
25
25
26
29
29
30
26
26
27
23
24
26
27
23
24
25
25
26
28
28
28
29
27
27
27
27
28
34
35
33
34
30
31
31
32
33
35
36
29
30
29
30
38
37
34
34
35
38
32
32
40
39
36
35
36
39
33
33
45
40
44
50
50
45
49
48
53
53
47
52
51
70
71
63
62
72
73
64
63
75
70
65
74
73
65
74
73
70
74
64
75
74
71
75
65
69
65
67
71
67
76
77
73
72
77
United States savings notes;
Sales and redemptions by periods
Treasury survey of ownership
Treasury survey
-
commercial bank ownership
33
34
45
:
Ownership of Federal securities:
Distribution by classes of investors and types
of Issues
Estimated ownership by private investors
27
79
79
80
80
79
80
75
76
69
70
74
75
70
81
71
85
75
70
71
156
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS
June 1979 through May 1980-Continued
@FedFRASER