Full text of Treasury Bulletin : May 1981
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HI
A3,
DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
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TREAS
OFFICE OF THE COMMISSIONER
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Preasury Bulletin
MAY
1981
DEPARTMENT OF THE TREASURY
WASHINGTON,
OFFICE OF THE SECRETARY
D.C.
May
1981
CONTENTS
Page
Article
VI
Treasury Financing Operations
-
FEDERAL FISCAL OPERATIONS
FFO-l.
-
Summary 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
8
FFO-5.
-
Budget Outlays by Function
FFO-6.
-
Investment Transactions of Government Accounts in Federal Securities (Net)
11
FFO-7.
-
Trust Funds Transactions
12
9
FEDERAL OBLIGATIONS
FO-l.
-
Gross Obligations Incurred Within and Outside the Federal Government by
Object Class
13
FO-2,
-
Gross Obligations Incurred Outside the Federal Government by Department or
Agency
14
FO-3.
-
Gross Obligations Incurred Outside the Federal Government, Comparative
Statement by Months
ACCOUNT OF THE
'''
TREASURY
U.S.
UST-l.
-
Status of the Account of the U.S. Treasury
21
UST-2,
-
Elements of Changes in Federal Reserve and Tax and Loan Account Balances
22
UST-3.
-
Gold Assets and Liabilities of the Treasury
23
MONETARY STATISTICS
MS-l.
-
Currency and Coin in Circulation
2^1
FEDERAL DEBT
FD-l.
-
Summary of Federal Debt
25
FD-2.
-
Computed Interest Chtfrge and Computed Interest Rate on Interest-Bearing
Pub Uc Deb t
25
FD-3.
-
Interest-Bearing Public Debt
26
FD-A.
-
Government Account Series
27
FD-5.
-
Interest-Bearing Securities Issued by Government Agencies
28
FD-6.
-
Participation Certificates
f)
FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing
Public Debt
30
FD-8.
-
Debt Subject to Statutory Limitation
30
FD-9.
-
Statps and Application of Statutory Limitation
31
FD-10.
-
Treasury Holdings of Securities
52
PUBLIC DEBT OPERATIONS
PDO-l.
-
Maturity Schedule of Interest-Bearing Marketable Public Debt Seooiltles
i'*
PDO-2.
-
Offerings of Bills
^5
PDO-3,
-
New Money Financing through Regular Weekly Treasury Bills
37
PDO-4.
-
Offerings of Public Marketable Securities
39
PDO-5,
-
Unmatured Marketable Securities Issued at
PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable
Securities
PDO-7.
-
Disposition of Public Marketable Securities
'•'
PDO-8.
-
Foreign Series Securities
50
PDO-9.
-
Foreign Currency Series Securities Issued to Residents of Foreign Countr.es....
53
a
Premium or Discount
42
'*^
^^
Treasury Bulletin
CONTENTS
UNITED STATES SAVINGS BONDS
Page
SB-l.
-
Sales and Redemptions by Series, Cumulative
54
SB-2.
-
Sales and Redemptions by Periods, All Series Combined
54
SB-3.
-
Sales and Redemptions by Periods, Scries E through K
55
SB-4.
- Redemptions of
Matured and Unmatured Savings Bonds
5?
UNITED STATES SAVINGS NOTES
SN-1,
-
Sales and Redemptions by Periods.,
,
58
OWNERSHIP OF FEDERAL SECURITIES
OFS-1,
-
Distribution of Federal Securities
59
OFS-2,
-
Estimated Ownership of Public Debt Securities
60
TREASURY SURVEY OF OWNERSHIP
TSO-1.
-
Summary of Federal Securities...
61
TSO-2,
-
Interest-Bearing Marketable Public Debt Securities by Type and Maturity
Distribution
62
TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
62
TSO-4.
-
Securities Issued by Government Agencies....,,,
64
TSO-5.
-
Securities Issued by Government-Sponsored Agencies and D.C
^^
MQ-l.
-
Treasury Bills
55
MQ-2.
-
Treasury Notes
65
MQ-3.
-
Treasury Bonds
67
Chart
-
Yield of Treasury Securities
68
AY-l.
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
69
Chart
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
70
MARKET QUOTATIONS ON TREASURY SECURITIES
AVERAGE YIELDS OF LONG-TERM BONDS
INTERNATIONAL FINANCIAL STATISTICS
IFS-l.
-
U.S. Reserve Assests
71
IFS-2.
-
Selected U.S. Liabilities to Foreigners
72
IFS-3.
-
U.S. Liabilities to Official Institutions of Foreign Countries by Area
73
IFS-4.
-
Nonmarketable U.S. Treasury Bonds and Notes Issued to Official Institutions
and other Residents of Foreign Countries
74
IFS-5.
-
U.S. Position in the International Monetary Fund
75
IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
76
May
1981
jjj
CONTENTS
CAPITAL MOVEMENTS
IIABILITIES TO FOREIGNERS REPORTED BY BANKS
P«g=
-
U.S.
CM-I-1.
-
Total Liabilities by Type of Holder
CM-I-2.
-
Totsl Liabilities by Type, Payable in Dollars
3M-1-2.
-
Total Liabilities to Nonmonetary International and Regional Organizations by Type,
Payable in Dollars - Part B
81
CM-I-3.
-
Total Liabilities by Country
82
CM-I-4.
-
Total Liabilities by Type and Country
83
79
-
Part A
80
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
CM-II-1.
-
Total Claims by Type (Old Series)
84
CM-II-2.
-
Total Claims by Type (New Series)
84
CM-II-3.
-
Total Claims by Country
ij5
CM-II-4.
-
Total Claims by Type and Country Reported by Banks in the U.S
86
CM-II-5.
-
Banks' Own Claims, by Type
87
CM-II-6.
-
Banks' Own Claims by Type and Country Payable in Dollars
88
CM-Il-7.
-
Domestic Customers* Claims by Type
89
CM-III-1.
-
Dollar Liabilities to, and Dollar Claims on. Foreigners in Countries and Areas Not
Regularly Reported Separately
9Q
CM-III-2.
-
Dollar Claims on Nonbanking Foreigners
9I
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
92
CM-IV-2.
-
Total Liabilities by Country
93
CM-IV-3.
-
Total Llabiliti<is by Type of Country
94
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
CM-V-1.
-
Total Claims, by Type
CM-V-2.
-
Total Claims, by Country
9^
CM-V-3.
-
Total Claims, by Type and Country
97
CM-Vl-1.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
93
CM-VI-2.
-
Foreign Purchases and Sales of Long-Term Foreign Securities
93
CM-VI-3.
-
Net Foreign Transactions In Marketable U.S. Treasury Bonds and Notes by Country...
99
CM-VI-4.
-
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes bv Country..
100
CM-VI-5.
-
Net Foreign Transactions in Long-Term Domestic Bonds
101
CM-VI-6.
-
Net Foreign Transactions in Domestic Stocks by Country
102
CM-VI-7.
-
Net Foreign Transactions in Long-Term Foreign Bonds by Country
103
CM-VI-8.
-
Net Foreign Transactions in Foreign Stocks by Country
104
CM-VI-9.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Date
105
CM-VI-10.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Year
106
95
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
IV
Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
*^^
Nonbanking Firms' Positions
108
-
Weekly Bank Positions
108
-
Monthly Bank Positions
108
FCP-II-1.
-
Nonbanking Firms' Positions
109
FCP-II-2.
-
Weekly Bank Positions
109
FCP-II-3.
-
Consolidated Monthly Bank Positions
FCP-I-1.
-
FCP-I-2..
FCP-I-3.
CANADIAN DOLLAR POSITIONS
110
FRENCH FRANC POSITIONS
FCP-III-1.
-
Nonbanking Firms' Positions
Ill
FCP-III-2.
-
Weekly Bank Positions
Ill
FCP-III-3.
-
Consolidated Monthly Bank Positions
112
GERMAN MARK POSITIONS
FCP-IV-1.
-
Nonbanking Firms' Positions
FCP-IV-2.
-
Weekly Bank Positions
113
FCP-IV-3.
-
Consolidated Monthly Bank Positions
Hi,
FCP-V-1.
-
Nonbanking Firms' Positions
115
FCP-V-2.
-
Weekly Bank Positions
115
FCP-VI-1.
-
Nonbanking Firms' Positions
116
FCP-VI-2.
-
Weekly Bank Positions
116
FCP-VI-3.
-
Consolidated Monthly Bank Positions
113
ITALIAN LIRA POSITIONS
JAPANESE YEN POSITIONS
117
SWISS FRANC POSITIONS
FCP-VII-1.
-
Nonbanking Firms' Positions
118
FCP-VII-2.
-
Weekly Bank Positions
118
FCP-VII-3.
-
Consolidated Monthly Bank Positions
119
FCP-VIII-1.
-
Nonbanking Firms' Positions
120
FCP-VIII-2.
-
Weekly Bank Positions
120
FCP-VIII-3.
-
Consolidated Monthly Bank Positions
121
FCP-TX-1.
-
Nonbanking Firms' Foreign Subsidiaries' Positions
122
FCP-IX-2.
-
Weekly Bank Foreign Office Positions
122
FCP-IX-3.
-
Monthly Bank Foreign Office Positions
123
STERLING POSITIONS
UNITED STATES DOLLAR
POSITIONS ABROAD
}Aay 1981
y
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-II-1.
-
Direct Sales and Repurchases of Loans
125
TRUST FUNDS
GA-III-1.
-
Civil Service Retirement and Disability Fund
126
GA-III-2.
-
Federal Old-Age and Survivors Insurance Trust Fund
127
GA-III-3.
-
Federal Disability Insurance Trust Fund
128
GA-III-4.
-
Federal Hospital Insurance Trust Fund
130
GA-III-5.
-
Federal Supplementary Medical Insurance Trust Fund
131
GA-III-6.
-
Railroad Retirement Accounts
132
GA-III-7.
-
Unemployment Trust Fund
133
GA-III-8.
-
National Service Life Insurance Fund
135
GA-III-9.
-
Investments of Specified Trust Accounts in Public Debt Securities and Agency
Securities
136
Cumulative Table of Contents
137
VI
Treasury Bulletin
Treasury Financing Operations
of 2-Year Not.
I
On
April
15
auction
S4.250
mllUon
rmillon
of
notes
$1,498 million
Notes
of
April
30,
the
Treasury
of
maturing
new cash.
Series
with
notes
April
30,
to
be
dated
Interest
were
set
after
accepted
on
to
April
on
yield
basis,
30,
raise
Into an average accepted price close to lOO.OOO.
Treasury
to which
tenders
which
translated Into an average accepted price
close to 100.000.
Tenders for the notes were received until 1:30
p.m.,
April 22. and totaled $5,209 million, of which
$4,252
million was accepted at yields ranging from 14.35%,
price
Series A-1991 will
be dated Hay
15,
These totaled $808 million.
The $4,252 million of
tenders also included $330 million of tenders
at
the average price from Federal Reserve
banks as agents for
foreign and international monetary authorities
In exchange
accepted
for securities maturing April 30, 1981,
In
In
V,
the
Nonconpetitive tenders for $1
accepted at the average price from Government accounts
and
Federal Reserve banks for their own account
in exchange for
imturing securities.
Tenders
were
received
D.
C.
Bearer notes,
notes
registered
with
as
Federal
at
the
full
banks
and
aiUlon
or less were accepted
price 99.689.
the
A coupon rate of 13-7/8Z was set on the bonds
of 2006-
on a yield basis,
will
11
and
interest
were
SI, 750 million of 10-year notes of Series
$2,000 million of 30-year bonds of 2006-11 to
refund $4,632 million of publicly held Treasury
securities
maturing May 15. and to raise $2,100 million new cash.
and
A coupon rate of 15-3/4!: was set on the notes
of Series
determination as
which
tenders
were
15.
1984, with
Interest payable semiannually on November 15 and
May 15 until maturity.
the
notes
until 1:30 p.m., EDST. May
which
15.79Z,
S3.000 million was
price
99.907.
of
5,
Series
K-1984 were received
to
yields
15.fl2Z,
ranging
price
on
November
15.
2011,
15
and
with
Kay
15
Tenders for the bonds were received until
EDST.
Hay
7,
and
totaled
1:30 p.m.,
$5,025 nilllon of which
$2,001
yields ranging from 13.851,
price
Noncompetitive tenders
for SI million or less from any one bidder were
accepted in
full at the average yield of accepted tenders, 13.99Z.
price
99.192. These totaled $333 nilUon.
addition to the $2,001 million of tenders accepted
auction process, $300 million of tenders were
the
in
accepted at the average price from Government accounts
and
Federal Reserve banks for their own account in exchange for
maturing securities.
Payment for accepted tenders In all three auctions was
required to be completed on or before May 15, 1981, in cash,
maturing securities, or other funds Immediately available to
the Treasury by that date.
the Bureau of
Tenders were received In all of
Federal Reserve banks and branches and at
Che
Public Debt,
Washington,
D.
Bearer
C.
notes and bonds, with
Interest coupons attached, and notes
and
as
bonds
registered
to
principal and Interest were
authorized to be Issued In denominations of $1,000, $5,000,
$10,000, $100,000, and $1,000,000 for the issues of 10-year
and
bonds,
and
$5,000,
$10,000,
$100,000,
and
51,000,000 for the Issue of 3-year notes.
from
52-Ueek Bills
99.838.
Nonconpetltive tenders for SI million or less were accepted
full at the average yield of accepted tenders,
15.812.
price 99.861.
These totaled $1,341 Billion.
In addition,
In
$465 million of the notes were alloted at the average
price
to
Federal
Reserve
banks
as
agents
for
foreign and
International
monetary
authorities
In
exchange
for
securities maturing May 15, 1981.
On
accepted at the average price from Government accounts and
Federal Reserve banks for their own account In
exchange for
maturing securities.
April
tenders
10
were
invited
for
approximately
S4,000 million of 36i-day Treasury bills to be dated April
23,
1981,
refund
and to mature April 22,
1982.
The issue wss to
$4,016 million of bills maturing April 23.
Tenders
were opened on April 16.
They totaled $8,192 million, of
which $4,000 million was accepted, including $216 million of
nonconw>etitlve tenders from the public and $1,378 million of
the
addition to the $3,000 million of tenders accepted
the auction
process,
$681 million of
tenders were
In
in
semiannually
The bonds of 2006-
Hay
and totaled $9,586 million of
accepted at
up
due
1981,
15.
until maturity.
notes
for
May
payable
the auctions at
to
accepted on a yield basis, the average of which
translated
Into an average accepted price close to 100.000.
The notes
of Series K-1984 will be dated Hay
15, 1981, due Kay
Tenders
dated
be
Interest
In
the
the average of which translated Into an
average accepted price close to 100.000.
100.177. up to 14.01Z, price 99.053.
Series K-1984.
after
14.561,
accepted at the average price from Government accounts
and
Federal Reserve banks for their own account In exchange
for
maturing securities.
and
On April 29 the Treasury announced that
It would sell
to
the
public
at
auction,
under
competitive
and
noncompetitive bidding, up to $3,000 million of
3-year notes
K-1984
tenders,
These totaled $415 million.
addition to the $1,750 Billion of tenders accepted
auction process.
$300 million of
tenders were
In
In
May Refundlnj^
A-1991.
the average yield of accepted
million was accepted at
authorized to be Issued In denominations of
$5,000, $10,000,
SIOO.OOO and SI. 000, 000.
of
at
Washington.
coupons attached,
principal
to
Reserve
Public Debt.
Interest
in
11 after the determination as to which tenders were
accepted
addition to the $4,252 million of tenders accepted
auction process, $261 million of tenders were
branches and at the Bureau of
notes
Noncompetitive tenders
for SI million or less from any one bidder
were accepted In
full at the average yield of accepted tenders,
14. SIX, price
99.983.
TTie
due May 15,
Tenders for the notes of Series A-1991 were received
until 1:30 p.m.. EDST. May 6, and totaled $4,538 million
of
which 81,750 million was accepted at yields ranging
from
14.46Z,
price
100.312.
up
to
14.60Z,
price
99.482.
EST.
100.253, up to 14.63X, price 99.781.
1981,
1991. with interest payable semiannually on November
15 and
May 15 until maturity.
and
31
of
of
due
1981,
October
average
the
A-1991
S2.752
to
A coupon rate of 14-
the determination as
a
and
A coupon rate of 14-1/2Z was set on the notes of
Series
after the determination as to which tenders
were
accepted on a yield basis, the average of which
translated
would
It
refund
1981,
payable
April 30 In each year until maturity.
l/2t was
that
The notes offered were
Q-1983.
1983,
announced
2-j'ear
bills
banks
issued
for
International
million was
foreign
cash.
and
at
the average price
themselves
monetary
Issued
and
as
authorities.
to Federal
International
to
agents
Federal
for
An
Reserve
foreign
additional
Reserve banks as agents
monetary
authorities
The average bank discount rate was 12.991Z.
for
and
5249
for
new
May
1981
VII
Treasary Financing Operatione-Coatinoed
13 -Week and
.Weekly Treasury
regular
of
totaled S^tt^OO nllllon.
Tliese
Bills
April
In
Issues were offered for cash
and In exchange for bills maturing In the amount of $^9,700
nllllon.
In the
tenders submitted for bills Co he maintained
accompany all
26-Ueek Bllla
Isaues
there were two Issues of
13-week series,
$4,300 million and three issues of $4,000 million.
the
In
26-week series, there were two issues of SA,300 million and
Average rates for Che new
three issues of $4,000 nllllon.
of
Che
of
the
between Che par payment submitted and the actual Issue price
as
determined
In
Mo
auction.
the
need accompany
deposit
tenders from incorporated banks and trust companies and from
responsible and recognized dealers In Investment securities
hills
for
of
be
to
on
maintained
the par amount
tenders
Annual average rate
(bank discount basis)
Department
A cash adjustment will he made for the difference
Treasury.
the
the
of
records
2
of
percent
hills applied for must accompany
unless
others,
from
bills
such
for
book-entry
A deposit of
Federal Reserve banks and branches.
issues are shown In the following table-
Date of Isaui
records
book-entry
the
on
an
express
guaranty of payment by an Incorporated hank or crust company
acconpanies the tenders.
Noncotnietltlve tenders (without stated price), usually
for $500, OOn or less from any one bidder,
30
the weighted average price of accepted competitive bids for
an issue.
for accepted tenders oust be made or completed
Payment
Treasury Bills (Other than Cggh Management Bills) - General
nn the date of Issue, in cash or ocher immediately available
funda
Treasury
competitive
their par
hi lis
and
amount
are
sold
on
and
bidding,
nonco^>et 1 C Ive
Is payable without
has Is
discount
a
for each Issue of
n-week, 26-week, and 52-week bills, are accepted in full aC
12.078
13.783
13.646
13.621
14.042
12.501
14.147
13.783
13.553
14.190
at
under
maturity
All series
interest.
in
or
a
amount
par
like
maturing on or before Chat date.
week,
52-week
and
be
not
may
bills
of
Treasury
securities
Payment for 13-week,
made
by
credit
26in
Treasury tax and loan accounts.
are Issued entirely In book-entry form In a alnlntum anount
of $10,000 and In any higher $5,000 multiple, on the records
Sonmarketable
either of the Federal Reserve banks and branches, or of the
Governments
Series
Foreign
Securities
-
Foreign
Department of the Treasury.
Dollar-denominated foreign series securities issued Co
Tenders
are
received
at
Reserve
Federal
and
banks
branches and from Individuals at the Bureau of the Public
Debt,
Washington.
$10,000.
$5,000.
Tenders
Payment
Each
over
for
tender nust
$10,000
full
par
nist
be
be
amount
for a
in
minimum of
multiples
applied
for
of
must
official
5605
f^
million.
foreign
million.
in
institutions
consisting of
series
bills.
At
totaled
April
$854
nllllon,
Redemptions during the month cotaled
the
end
securities
of
April
oucatanding
(Details are shown on page
52 .)
dollar-denominated
Cotaled
$17,974
May
1981
.FEDERAL FISCAL OPERATIONS.
Table FFO-1.
-
Summary
of
Fiical Operation!
(In nllllnns of dollar';)
of
Budset receipts and outlays
Horrowln^^ fron the public
Surplus
Fiscal' year
or
raontli
Net
or
receipts
outlays
deficit
~
~2/
(-)
Net
\l
Public
debt
securlties
Ap.ency
seeurities
(1-2)
— Federal
Investments of
Covernment accounts y
Within neneral account
of the U.S.
Total
(4+5-6)
-23,372
-14,849
-4,689
-45,188
-66,434
-12,956
-44,963
-48,839
29,131
30,881
16,918
58,953
87,244
14,269
64,139
72,705
54,975
1978
1979
1980
232,021
247,074
269,620
326,185
366,439
94,729
402,725
450,836
2/493,607
579,011
-58,961
81 ,182
1981 (Est.)
1982 (Est.)
600,279
650,336
655,173
695,297
-54,894
-44,961
n.a.
33,351
61,097
36,071
59,055
37,348
44,259
53,544
38,923
39,175
48,903
52,214
38,394
44,623
r46,459
51,237
50,198
46,702
52,409
50,755
47,289
56,304
48,049
56,202
59,099
53,969
54,217
r-1 3,108
1980-Har
Apr
Hay
June
July
Aug
Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Fiscal 1981
to date
262,234
—
t
r.insact Ions
Cash and nonotary assets (deduct)
Treasury 4/
U.*?.
''.pectal
Treasury
operating
cash
lir.itJlnv.
rights
Other
2/-2?,652
9,860
4,127
2,353
5,062
6,496
6,255
7,382
8,874
7,299
•6,884
5,575
9,593
8,860
6,558
7,908
-303
4,068
11,741
14,278
488
5,562
16,453
3,863
16,425
14,033
-1,269
216
90 3
-1,069
10
724
-1,380
-1,417
-1,649
-616
8,420
11,822
14,813
7,031
4,341
-3,514
9,243
12,181
19,685
10,051
19,442
19,275
3,009
50,853
82,913
18,507
53,516
59,106
33,641
70,515
n.a.
-18
-87
-35
-103
-83
-34
-36
-24
-28
-88
-21
-55
-29
-2,961
-1,839
2,523
4,209
-5,751
597
7,982
-4,293
-1,697
2,702
-2,930
2,453
-1,135
-6,n"9
11,802
4,632
5,350
-4,615
9,737
11,111
6,260
4,758
9,231
13,668
6,772
13,916
15,138
Cold
tranche
drawinf.
_5/
rights
(12)
(S)
20S,649
232,225
254,932
280,997
300,006
Bl,773
357,762
401,997
465,955
520,050
T.Q
1977
Innnrint;
securities
(2)
1972
1973
1974
1975
1976
f
1,079
1,668
2,068
-3,380
245
-1,570
7,246
2,579
1,690
3,340
1,732
-3,186
123
-302
-59
-267
352
-716
-186
W
Treasury Bulletin
FEDERAL FISCAL OPERATIONS.
Footnotes to Table FFO-1.
Not available.
r
Revised.
Source:
Monthly Treasury Statement of Receipts and Outlays
of the
United States Government.
Note:
Budget estimates are based on the Current Budget
Estimates FY 1982 '
released on January 15, 1981, by the Office of
Management and Budget.
For detail see Table FFO-2.
For detail see Table FFO-3.
For detail see Table FFO-6.
±/ Beginning fiscal 1975, balances "Within general account of the U.S.
Treasury" are presented in columns 9 and 13.
Represents holdings of special drawing rights,
less certificates Issued
to Federal Reserve banks.
±' Represents activity of the International Monetary Fund.
7/
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
n.a.
u
y
y
Stabilization Fund. The totals In the press release are
S493.6 billion for outlays and -S27.7 billion for the deficit.
Includes: public debt accrued Interest payable to the
public,
deposit funds, miscellaneous asset and liability accounts,
and as of
July 1974, the gold balance.
Includes: Seigniorage; Increment of gold; fiscal 1969
conversion of
certain corporations to private ownership; fiscal 1970
reclassification of Commodity Credit Corporation certificates of
interestfiscal 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 from September 17, 1974, through September
30, 1980.
For detail see Table FD-5,
May
1981
•FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Source
fTn nllHon^i nf .'nMniV)
Tncomp tnxps
''oci.T'
trl>:Gri
Fiscal year
or month
nlnvTient toxes anri contrihutlo
flet
burl
get
receipts
ulthhelH
1977
1978
1979
1980
208,649
232,225
264,932
2B0,997
300,006
81,773
357,762
401,997
465,955
520,050
1931 (Rst.)
1982 (Est.)
600,279
650,136
1972
1973
1974
1975
1976
T.Q
1980-Har
Apr
Hay
June
July
Aug
Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Fiscal 1931
to date
insiirancp
cnntrihitf iotr;
Ani*
33,351
61,097
36,071
59,055
37,34n
44,259
53,544
38,923
39,175
48,903
52,214
38,394
44,623
262,234
33,200
)/
Other
Refiinrts
(^ross
^efi'm'"!
f.'pt
nlH-a^e, HlsaSlHtv,
hospital insurance
Treasury Bulletin
FEDSBAL FISCAL 0PEBATI0N8
T«bU FPO-2.
-
Badget Beceipti by Sonrce-Continn«d
(In itllllonB of dollars)
}Aay 1981
FEDERAL FISCAL OPERATIONS
r^
O
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-8. - Bndget Ontlaye by Agency
(In millions of fiollars)
Fiscal year
or month
Legislative
The
F.xeciitivG
Jutll-
Office
braiicli
ciary
of tlie
Presirient
4n7
540
1972
197 3
1974
1975
173
183
205
284
325
85
392
435
'j25
726
779
225
976
1,049
1 , 091
1976
T.Q
1977
1978
1979
19B0
1980-:iar
Ap.riciil-
Coitmerce
turc Oepartment
Department
President
4,269
3,733
4,015
3,572
3,525
55
49
75
93
79
16
73
75
1,221
10,943
10,028
9,767
9,725
12,796
3,850
16,738
20,368
20,636
24,555
1,250
1,368
1,455
1,583
2,020
534
2,607
5,239
4,072
3,756
564
80
95
1,456
1,424
674
734
101
104
6,070
6,059
20,699
23,703
2,896
2,513
11
487
7
2 54
1,732
1,901
2,089
2,632
1,195
1,374
1,340
1,785
1,829
3,415
5,212
2,390
1,802
308
365
480
91
39
57
50
60
38
42
44
64
92
S9
inn
95
115
72
95
114
104
101
104
Fiscal 1981
to date
tlie
111
,2
in
Apr
May
June
July
Au3
Sept
Oct
Nov
nee
1981 -Jan
Feb
Mar
to
2,487
3,450
2.631
7,538
1
1901 (Est.)
19S2 (Est.)
FunHs appropriated
7
257
7
-158
1,176
702
11
a
308
617
553
854
523
647
162
6
7
3
55
9
44
65
45
10
9
17
421
340
363
283
264
283
305
241
184
227
217
1.4 53
590
Defense nop^rtncnt
Fiscal year
or nonth
Department
Knerj^y
Oepartment
1/
2/
Educ.it ion
of health
and Hunan
Services 3/
1972
1973
1974
1975
1970
75,150
T.')
1977
1978
1979
19S0
1>,81
(Est.
).
1982 (Est.).
19S0-:!ar
Apr....
May....
June. .
July...
Au^. .
.
Ilept.
.
Oct
Nov
Dec...
1981 -Jan
Keb....
Mar
Kiscal 19.S1
to date. ...
Mousin;'. and
Urban Development
Oepartnent
Interior
Departnent
2/ 4/
May
1981
FEDERAL FISCAL OPERATIONS'
Table FFO-8. - Badffot Outlays by Agency-Continued
(In nllllons of dollars)
Treasury Department
Fiscal year
or month
Justice
Depart
tnent
1972
1973
197A
1975
1976
1,
T.Q
1977
1978
1979
1980
1981 (Est.).
1982 (Est.).
1980-Mar. ...
Apr.
. .
May...
June. .
July...
Aug....
Sept. ..
Oc t
Nov. . .
Dec...
1981 -Jan
Feb....
Mar....
Fiscal 1981
to date. .
.
Labor
Depart-
State
De part-
Transportation
nepart-
Interest
on the
public
debt
Other
Environmental
Protection
ARency
8
Treasury Bulletin
FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undistributed Offsetting Receipts
(In
nllHons oF
Federal enployer contrihnt Inns Co rett ronent
Health anrf
Human Services
Fiscal year
or month
Blfi
911
1,082
1,138
294
1,152
l,2f>6
1.342
1,453
1981
(Est.)
1982 (Est.)
1,693
1,829
1980-Itar
125
Apr
119
129
126
126
133
130
128
129
128
(lay
June
July
Aug
Sept
Oct
»ov
Dec
1981-Jan
Feb
Itar
Fiscal 1981 to date
Interest
iinHs
Office of
Personnel
Defense
Departnent
flanafienent
Federal old-ap.e,
disability, and
hospital Insurance
7U1
1972
1973
1974
1975
1976
T.q
1977
1978
1979
1980
f
flollars)
141
141
141
808
Civil Service
retlrenent and
disability fund
2,01(1
Other
J^/
Total
Soldiers' and
Airnen's Hone
permanent
funri
creil it pf"
to
crnment
.-iC-i:!<ujnts
Health and Human Services
Federal old-aRe
and survivors
insurance
trust fund
Federal
dlfinhlltcy
hoBi'iCiil
insurance
trust fund
insurance
Crust fund
Federa
I
Federal
supplenentary
nedical
insurance
Crust fund
Niay 1981
.FEDERAL FISCAL OPERATIONS
Table FFO-5.
-
Budget Oatlays by Fanctions-Continatd
i!Unns
M,iv
.^l'^.
Inlv
1<ine
oF Hoi lars)
lOPn
F.Y.
fbr.
•
F.Y.
An"..
'^ef^t.
Oct.
"nv.
'Vc.
lORI
I.n.
*"eS.
'lar.
Function
Cunula-
Conpar-
tive to
aMe
H.ice
nerlort
fiscal
losn
i'
Educarlon, iral'>lnR, CTploynent, anil
social services
Outlays
Proprietary receipts fron the puStlc..
Totals
Health
Outlays
Proprietary receipts from the pnhllc..
Intr.ihuHp.etary
tranMrtlons
Total
Incone security
Outlays
Proprietary receipts fron the nuhllc.
IntrabiniKCtary transActlons
Total
Veterans henefits and services
Outlays
Proprietary receipts fron the puhllc..
Intrahuflgetary transncCtons
Total
Adwlnlstratlon of justice
Outlays
Propietary receipts from the public...
IntrahudRetary transactions
Total
General sovernnw?nt
Outlays
Proprietary receipts from Che public.,
IntrahudRctary transactions
Total
General purpose fiscal assistance
Outlays
Proprlet.trv roctepts fron the puhlfc.
Intrabuilnetary transact (nns
Total
Interest
Outlays
Proprietary receipts fron the public.
IntrabudRetary transactions
Total
2,731
-4
2,fi6i
?,5?3
-2
?,'if.T
?.iil
7,5ftA
?,S''S
2,140
'',?21
2,4^.2
l.n^n
2,fif.2
','i7n
lfi.l93
-?
-3
-ft
-4
-
-1
-1
-•
-"
-*
-4
-7
15,880
-14
2.727
2,Rf.l
?,52I
2,5fiO
2, 43-1
2,'^hn
2,595
?.147
7,
'23
',4ftl
3,n2i
2.Sf^2
l.hbh
16,186
15.365
(S,n45
5.652
5.
5,SnO
5,7'14
6,1 36
-1
S,52n
6,5Ri.
6,194
fi.IOn
7,155
4
-1
-ft36
-85n
-688
-3
-682
7,691
-4
32,n3fl
-II
-7(15
-1.397
-4,966
-4, 103
5,43?
/..Ill
5,716
5,510
5,414
5,757
32,721
?7,f>30
_*_•_*_•_•
lO.lftfl
19,273
113,873
52n
5,582
5,lfll
-4
-*
-4
-3
-2
-1
-l.?06
-558
-547
-5511
-65"
-f.f4
-5
-694
4,745
5,00^
4,n7n
i.lAfl
5,043
4,817
5,?84
rl5,«3li
-*
16,465
^47
17.145
--l,f.97
-4
16,45616,11515,150
-*
-o
-41
rl5,7n5
1
ft.
I
17
If.,
*•
3
-5
17,651
18.30?
17,-»5ft
*
_•
_•
_*
-164
-31
-40
-1,024
10,44]
_*
-142
19,540
_
'»1
-744
-31
-2,013
92.?16
_*
-1,195
17.04|
17,9'^'^
17,4«7
T-.l^l
17,2!',
IP., 04/.
IO,2<19
18.705
10.241
111,860
Oj.021
Ifl.lSI
-1
7,054
-47
t,84I
fiPl
-49
2,706
-47
800
-51
2,i05
-45
T.O?'"
-4f.
1,765
-49
7"
-55
-sn
-47
1,074
-sO
2,010
-54
1,083
-54
_•
_*
•
_
_
.
•
.]
-i
-•
_•
_]
11,821
-30]
.3
10,000
-286
-•
746
2,006
2,795
h32
1,715
:',f.50
747
2.8 59
710
3,032
1,023
1,955
1,028
11, 517
10,612
368
418
-{-»-*
400
353
350
466
340
38 3
2,357
2,282
-
_
•
_]
_*
_*
393
-5
3fl2
-
-5
-n
_ft
382
382
388
376
2,344
2,274
80]
-1
307
36 3
7
367
417
307
3f,l
400
353
350
4f,6
^Lf^
642
-15
-12
234
448
-32
-34
440
-20
405
^40
83
4ftn
f,
5
lO
-11
-l
-7
616
229
38''
47f.
413
642
M
38
3
_i
11.685
-37
520
3«R
-73
-15
-]]
-11
-9
-2 3
463
-22
-15
753
--"i
-5-11,210
-15
2,637
-116
-90
2,249
-231
-25
438
30
/.f,4
44f.
356
425
749
2,431
1,992
__..-_
l,08O
?I0
4,506
1,320
lift
08
8,37f.
-f,n
-
-
-n
-
-
-flfe
-
-3
11.151
-UU
-6,854
2'>'l
IP
^r
T^717
4.252
2
11
730
21«
"^3
,''30
r,h
150
-
-
-
-
-
-
-
'.1
1,731
23r
53
1,930
c,(^
150
l,"")"
r4,790
-130
-22
5,353
-126
-50
5,404
-104
0,086
-95
-327
5,038
-120
-315
5,304
-162
-78
4,0 57
-94
-110
5,58 5
-155
5,r,10
5,540
-?46
-1,481
6,002
-Jfi4
-lift
-3ifl
11,335
-160
-36o
6,600
-Rn
-35
-29
40,881
-1,018
-2,314
33,389
-1,017
-2,252
51,237 50,108 46,702
52,409
50,755
47,289
56,304
48,040
5f>,202
50,090
53,960
54,216
327,84]
280,001
-
1,
-1
I
--4, 5 70
Ti
-153
"'f,
<
,
-"-4, 573
r4,637
UiiiJlstributeH offsetting, receipts
Net hudf^et outlays
r
46,458
lievlseil.
*
Less clian 2500,000.
Source:
Monthly Treasury Statement nF Receipts an.) fXitlavg of the
United States Cnvernnent.
U Monthly totals may not a. I.* to cumulative due to hudrer rec lassl f Icat tons.
Treasury Bulletin
10
FEDERAL FISCAL OPERATIONS.
Table FFO-6.
-
Budget Oatlaye by Functiona
(In nllllons of Hollars)
May
June
J>ilv
Aiio.
Sept.
Fe*!.
f>ct.
rtar.
tlvR to
aSle
nerlort
fiscal
liRn
II, ^43
r932
ii.fifl'i
n,hM->
ii,f.o,i
ii.^.ift
I
T,04n
u.Rn
I7,('^s
n.fts?
12,8^0
n,
=;ft"
7C,^in
^s.i^so
}Aay 1981
^^
-^—^..^.^..^..^^^.^^^iiM FEDERAL
FISCAL OPERATIONS
^^^—^—i^_^-_^^^^^^_
Table FFO-6. - Inveatment Transactions Accounts in Federal Securities (Net)
(In millions of f^ollars^
Treasury Bulletin
12
FEDERAL FISCAL OPERATIONS.
Table FFO-7. - Trust Funds Transactions
(In millions of dollars)
Receipts In trust funds
Receipts of trust funds
Classification
(trust funds)
Trust
interf und
and proprietary
receipts
1/
Interfund
Outlays In trust funds
May
13
1981
-FEDERAL OBLIGATIONS.
are
"Obligations"
is controlled
at
to
in
the Federal Government.
the point at which
even ts- -order ,
charac terize
funds
the use of
They are recorded
the Covernment makes a
firm commitment
or services and are the first of the four
acquire goods
key
the basis on which
delivery,
payment,
con sumption --which
the acquis i t ion and use of resources.
In gen-
they consist of orders placed, contracts awarded,
eral,
vices received,
bursement "f money.
to a
action without regard to its ultimate purpose.
for
salaries
sonnel
uniform
se
t
which are based upon the nature of the trans
of categories
wages
and
compensation
,
,
for example
,
All payments
are reported as per-
whe ther the personal services are used
in current operations or in the construction of capital
ser-
and similar transactions requiring the dis-
are classified according
Obliga t ions
Federal agencies and firms
often
it ems.
do business with one
another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements.
In Table
FO-l, obligations that are incurred wi thin the Government are
stage of Covernment transactions is
The obliga tional
strategic
point
in
the impact of the Government's
gauging
operations on the national economy, since
resents
for business
employment
of labor.
f
including inventory purchases
after the Covernment places
itself
usually
distinguished
for
its order but the order
immediate pressure on the
private
from
Tables FO-2 and
3
counts
those
incurred outside the
show only those incurred outside.
first published in the September 1067 Treasury
were
Bulletin and the trust fund accounts were first published
the October
Bulletin,
adopted
1067
the
Bulletin.
Beginning with the April
pursuant
to
the recommend at ions of the President'
Table FO-l. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class,
(
.n
September
millions of dollars)
30,
in
1<)68
data are on the basis of the budget concepts
Commission on Budget Concepts.
economy
Covernment.
data for the administrative budget fund ac-
Obligation
requen tly rep-
Disbursements may not occur
months
causes
i t
firms the Government commi tment which
stimulates business investment,
and
a
1980
14
Treasury Bulletin
.FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, September 30, 1980
(In millions of dollars)
Personal services & benefits
Contractual services and supplies
Benef i ts
Classification
Personnel
compen-
Personnel
benef i ts
1/
Legislative Branch 2/
The Judiciary....
,
Executive Office of the President
Funds appropriated to the President;
International security assistance...
International development assistance
Other
Agriculture Department:
Commodity Credit Corporation
Other
Commerce Department
for
former
personnel
Travel and
transportation
of persons
Transportation of
things
Rent, communications
and
utilities
Printing
and
reproduc tion
446
13
28
483
191
19
35
3
49
Other
services
7
and
materials
62
7
25
205
4
Sup-
plies
2
855
32
I
2,314
1,164
131
81
314
54
136
25
10
75
12
10
363
512
551
224
2,463
6,7 34
5,407
9,820
8,376
10,498
595
63
Defense Department:
Military:
Departinent of the Army
Department of the Navy
Department of the Air Force
Defense agencies
15,964
15,115
12,565
1,573
Total military
45,217
Civil
Education Department
Energy Department
Health and Human Services Department..
Housing and Urban Development Dept;
Government National Mortgage
Association
Housing for the elderly or
handicapped i_l
Other
Interior Department
Justice Department
Labor Depar tmen t
State Department
Transporta tion Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
Other
Environmental Protection Agency
National Aeronautics and Space
Administration
Veterans Administration
Other independent agencies:
Export-Import Bank of D.S
General Services Administration
Small Business Administration
Tennessee Valley Authority
Other
Total
Off-budget Federal agencies 4/:
Postal Service
Rural Electrification Administration
revolving funds
Pension Benefit GraranCy
Corporation.
Total Off-budget Federal
agencies
312
359
96
I
45
11,920
651
475
229
867
682
735
412
405
52
125
628
5
1,402
672
648
124
560
29
88
3,090
398
1,572
1,331
678
348
2,428
6
15
12
281
1
113
137
6,767
1,864
82
193
283
1,118
181
214
18
I
69
14
70
9
35
50
88
3
98
80
84
42
37
169
U9
109
16
16
699
22
95
95
147
18
11
14
99
44
90
12
91
4,198
10
131
14,088
32
11
83
917
444
190
389
76
12
4,133
131
no
808
720
968
1,2 36
5
I
164
261
11.896
10
4,677
1,677
103
58,199
43,384
4,599
40
1,335
14,099
3
143
I
673
71,650
97
51
2,595
315
1,089
1,342
14,525
8,595
2,902
I
U.ay 1981
15
FEDERAL OBLIGATIONSTable FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, September 30, 1980-Continued
(In millions of dollars)
Grants and fixed charges
Acquisition of
capi tal assets
Classification
Equipment
Legislative Branch 2J
The Judiciary
Executive Office of the President
Funds appropriated to the President:
International securi ty assistance.
International development assistance
Other
Agriculture Department:
Conmodity Credit Corporation
Other
Coranerce Depar tmen t
Investments
structures
and
loans
Grants
subsidies,
and contributions
Insurance
claims
and indemni ties
Interes
and
dividends
.
81
104
Defense Department:
Military:
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies
3,199
Total military
26»320
Civil
25
Education Department
Energy Department
Health and Human Services Department..
Housing and Urban Development Dept:
Coverninent National Mortgage
Association
Housing for the elderly or
handicapped ^l
Other
Interior Department
Justice Department
Labor Department
State Department.
Transportation Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
Other
Environmental Protec tion Agency
National Aeronautics and Space
Administration
Veterans Administration
,
Other independent a gene ies:
Export- Import Bank of II. S
General Services Administration
Smai 1 Business Administration
Tennessee Val ley Authori ty
Other
Total
437
98
I
103
100
199
86
1
6 30
40
28,748
Off-budget Federal agencies U/i
Postal Service
Rural Electri fi cat ion Admin is t ration
revolving funds
Pension Benefit Guaranty
Corporation
Total Off-budget Federal
agencies
.
.
4,914
15,653
210
4 50
15,409
1,038
91
5
t
3,297
Undis tributed U.S.
obi igations
Total
gross
obligations
incurred
16
Treasury Bulletin
FEDERAL OBLIGATIONS
h
>
e
O
«
m
X
a
s
*
a
o
CO
I
O
.a
at
May
17
1981
.FEDERAL OBLIGATIONS.
"Obligations"
is controlled
at
in
the point at which
to
event5--order
characterize
eral
the Government makes a
firm commitment
,
delivery,
payment,
consumption--which
the acquisition and use of resources.
they consist of orders placed
,
vices received
They are recorded
or services and are the first of the four
acquire goods
key
the basis on which the use of funds
are
the Federal Government.
,
,
In gen-
contracts awarded
,
bursement "f money.
to a
for
salaries
sonnel
uniform set
which are based upon the nature of the trans-
action without regard to its ultimate purpose.
All payments
wages, for example, are reported as per-
and
compensa t ion, whether the personal services are used
in current
ser-
and simi lar transac tions requiring the dis-
are classified according
Obligations
of categories
operations or in the construction of capital items.
Federal agencies and firms
often
do business with one
another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements.
In Table
FO-1, obligations that are incurred wi thin the Government are
The obligational
strategic
point
s
Cage of Government transactions is a
in gauging
the impac
t
operations on the national economy, since
resents
for business
of the Government'
i t
and
employment
firms the Government commitment which
of labor.
Disbursements may not occur
months
after the Government places
itsel
usual Iv
f
causes
Tables FO-2 and
for
its order but the order
immediate pressure on the
private
counts
those
incurred outside the
data for the admin is trative budget fund ac-
first published in the September
were
the October
Bui let in,
adopted
1967
the
Bulletin.
(
,n
Treasury
Beginning with the April
Octocer 31, 1980
millions of dollars)
in
1968
data are on the basis of the budget concepts
pursuant
to
the recommendations of
the President'
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class,
l'^67
Bulletin and the Crust fund accounts were first published
Commission on Budget Concepts,
econumy.
Government.
show only those incurred outside.
3
Obligation
frequently rep-
stimulates business investment, including inventory purchases
from
distinguished
18
Treasury Bulletin
.FEDERAL OBLIGATIONSTable FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, October 31, 1980
(In
rsonal
miUi
services i benefits
Contractual services and suppl ies
Benef i Cs
Classification
Personnel
benefits
compensation
Legisla tive Branch 2_l
The Judiciary
Executive Office of the President
Funds appropriated to the President:
International security assistance.
International development assistance,
Other
Agriculture Department:
Commodi ty Credit Corporation
Other
Commerce Department
1/
Travel and
for
trans-
former
personnel
portation
of persons
Transpor-
Rent, com-
Printing
tation of
things
munications
and
reproduc tion
and
u til
i
ties
35
,
,
.
.
12
1
,
36
,
1
,
,
13
6
78
Defense Department;
Mi litary:
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies.
Total mi
li
tary
,
,
,
,
1,^30
1,626
I.A67
89
104
36
40
20
30
138
5
6
37
52
11
A, 661
1,104
Civil
Education Department
Energy Department
Health and Human Services Department,.
Housing and Urban Development Dept:
Government National Mortgage
Association
Housing for the elderly or
handicapped
Other
Interior Department
Jus t ice Department
Labor Department
State Department
Trans porta tion Department
Treasury Department;
In teres t on the publ ic debt
Interest on refunds, etc
General revenue sharing
Other
Environmental Protection Agency
National Aeronautics and Space
Administration
Veterans Administration
Other independent agencies:
Export-Import Bank of li.S
General Services Administration
Smal 1 Business Administration
Tennessee Valley Authority
Other
60
2A3
V
Total
Off-budget Federal agencies 4/:
Postal Service
Rural Elec trif ication Administration
revolving funds
Total Off-budget Federal
agencies
37
138
Ui*
41
3'-.
211
65
42A
1
59
i!
40
79
82
Other
services
Suppl ies
and
materials
M.ay 1981
19
FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, October 31, 1980-Continued
ill ions of dol lars't
20
Treasury Bulletin
FEDERAL OBLIGATIONS
nd (^
o «
^
a-
(
>-
CT'
o) CO CO
<x}
CO
o
"^
O O
May
1981
21
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 branthe
balances in the
As
ches and in tax loan accounts.
accounts at the Federal Reserve Banks become depleted, they
from thousands
funds
(Withdrawing)
are restored by calling in
of financial institutions throughout the country authorized
to maintain tax and loan accounts.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
all financial institutions whereby
customers of financial
institutions deposit with them tax payments and funds for
the purchase of Government securities.
In most
cases
the
transaction involves merely the transfer of funds from a
:ustomer's account to
thetax and loaft 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. 95-14 7, the Treasary implemented
invest a portion of its
program on November 2, 1978,
operating cash in obligations of d'epositaries maintaining tax
and loan accounts. Under the TreaS'ury Tax and Loan investment
program, depositary financial
Inst itutions select the manner
the program.
Depositaries
in whicK they will participate
depositi
ed in their tax
and
loan
that wish to retain funds
obi gat ions participate under
accounts in interest-bearing
remit the funds
the Note Option; depositaries that wish Lo
Reserve banks particto the Treasury's account at Feder. ,1
Ipate under the Remittance Option.
a
Table UST-1.
-
Thetax 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
Funds in process
1_/
through
Available funds in
dema^id accounts at:
End of
fiscal year
of collection
or month
Total
Federal
Reserve
banks
1971
1972
1973
197^
1975
1976
Treasury tax
and loan note
accounts
T.Q
1977
2,344
4,038
2,919
5,773
11,975
13,299
15,740
7,372
7,634
8,433
6,152
1,475
2,854
4,119
3,364
1978
1979
1980
16,647
6.489
4,102
4,561
4,523
3,199
Aug.
Sept
1,2 74
Other
deposi
taries 2/
139
106
3/
8,755
10,117
12,576
9,159
Federal
Reserve
Other
depositaries ^/
419
343
7,591
7
14,836
17,418
19,104
5,797
17,687
16,888
22,444
24,176
20,990
257
253
1,351
11
13,86'1
1,184
233
334
123
6,139
10,893
18,430
10,662
14,092
3,954
2,742
4,102
6,478
9,752
16,889
10.452
12.494
20.990
Oct.
Nov.
1,864
2,435
Dec,
3,062
10,814
4,791
9,243
12,678
7,226
12,305
309
500
1,351
437
755
1981-Jan.
3,038
10,879
Feb.
2,284
Mar.
Apr.
3,032
7,822
7,685
15,690
June
July
4,460
5/
Coin
currency
and coinagi
metal
441
471
586
602
54
41
19
35
752
33
136
64
275
138
7
50
30
570
632
791
36
59
61
50
47
76
30
30
833
803
791
23
776
767
23
733
13,917
739
84
735
10,106
10,717
21,150
399
542
1,842
84
751
781
13
11
35
29
293
Miscel'
laneous
items
Gold
balance
Balance in
account of
the U.S.
6/
Treasury
108
129
70
54
109
107
107
106
9,911
11,310
13,741
10,352
8,868
16,065
18,597
20,531
23,691
25,277
23,211
20,715
11,887
15,449
n
4 39
Source:
Bureau of Government Financial Operations.
1/ Effective January 7972, the Treaaury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
Will not agree with daily Treasury Statement due to rounding.
4/ Represents funds in process of collection by (a) the U.S. Treasury
y
Other
demand
accounts
187
179
117
135
252
243
276
369
235
184
147
1980- Apr.
May.
Time deposits
and other
interestbearing
demand
accounts
30
28
22
801
11,664
13,883
23,211
13,966
8,847
13,564
15.560
11,415
12,151
24,153
and (b) corrmercial banks which have been authorized to defer credit
until checks are collected.
Data prior to January 1972 included in
"miscellaneous items" columns.
_5/ Represents demand deposits in National, Foreign, and other bank depositaries previously included in time deposits.
^/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
Less than $500,000.
Treasury Bulletin
22
.ACCOUNT OF THE
Table UST-2.
-
U.S.
TREASURY.
Elements of Changes in Federal Reserve and Tax and Loan Note Account Balances
(In millions of dollars)
Credits and withdr
Federal Reserve accounts 1/
Fiscal year
or month
Tax and loan note
Proceeds from sales of securi ties
Received
directly
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
1977.
1978.
1979.
725,280
810,481
209,758
875,071
952,116
983,693
1980.
,165,226
Received
through reWithdrawals 3/
mittance optior
tax and loan
depositaries
54,068
64,047
722,427
804,282
208,434
872,627
951,209
1,047,919
1,228,895
118,710
118,508
112,853
100,591
99,651
105,840
106,187
101,664
113,694
118,880
113,970
125,531
154,213
19eO-Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
115,391
113,302
104,647
95,983
92,984
100,673
98,426
96,750
107,33'<
5,546
5,168
6,882
5,363
5,455
6,527
5,523
5,485
6,988
1981-Jan..
Feb..
Mar..
Apr.
112,932
107,198
119,121
148,202
5,924
6,018
7,158
7,439
Marketable
issues
15,683
19,375
15,812
10,571
9,072
2,897
96
93
90
79
74
76
70
85
80
81
tSa
Withdrawals
(transfers to
Federal Reserve
accounts)
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
302,496
296,809
329,555
151,721
153,345
154,920
185,669
209,267
224,412
228,877
59,367
271,033
306,334
299,475
149,317
152,900
164,545
184,874
211,545
229,090
227,494
58,105
271,787
303,901
287,585
330,940
331,739
30,959
25,779
37,241
24,436
25,582
30,345
24,784
24,966
33,285
27,555
28,172
31,066
25,875
37,334
24,526
25,661
30,419
24,860
25,036
33,370
27,745
28,249
23,017
33,605
32,580
28,941
22,387
23,283
30,934
31,059
28,918
26,109
31,306
35,724
36,630
35,804
36,711
lances
High
Federal
Reserve
Tax and
Loan Note
Accounts
Federal
Reserve
Average
Tax and
Loan Note
Accounts
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
16,647
6,489
4,102
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
5,797
17,687
16,888
1,915
1,987
3,392
5,017
4,361
9,765
11,972
13,295
16,115
16,647
16,547
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,455
6,286
8,134
17,587
5,534
1980- Apr.
May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
4,561
4,523
3,199
3,954
2,742
4,102
1,864
2,435
3;06!
13,869
5,139
10,893
6,478
9,752
16,888
10,814
4,791
9,243
5,534
4,523
5,056
4,047
4,246
4,595
4,125
4,728
1981-Jan.
Feb.
Mar.,
Apr.
3,038
2,284
3,032
4,460
10,879
7,822
7,685
16,690
4,105
4,542
4,027
5,737
17,894
13,869
10,722
12,783
9,301
9,848
17,894
15,985
10,814
11,158
11,100
10,879
11,734
16,690
3,771
Source:
Bureau of Government Financial Operations; figures are on basis
of telegraphic reports.
Figures are from the revised Dally Treasury Statement, effective
1/
July 1, 1974.
Prior data not available.
Represents transfers from Tax and Loan Note Accounts, proceeds from
2/
sales of securities other than Government Account Series, and taxes.
Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account •
Series, etc.
Special depositaries are permitted to make payment in the form of
4/
a deposit credit for the purchase price of U.S. (k>vemment securities purchased by them for their own account, or for the account
of their customers who enter subscriptions through them, when this
method of payment is permitted under the terms of the circulars
inviting subscriptions to the Issues.
V
Total
credi ts
Taxes 6/
During period
Fiscal year
or month
1980
2,578
2,849
3,314
3,270
3,104
3,366
3,675
910
3,908
3,838
2,666
1,385
107
End of period
1970
1971
1972
1973
1974
1975
1976
T.O
1977
1978
1979
Nonmarke table
issues 5/
'
'i
Federal
Reserve
Tax and
Loan Note
Accounts
397
2
894
846
1,737
800
520
2,854
1,204
1,199
67
287
118
51
2
7
73
Federal
Reserve
Tax and
Loan Note
Accounts
1,077
973
1,894
2,342
2,102
2,785
5,105
7,824
8,035
6,946
4.741
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,670
5,818
508
*
3,037
6,372
508
1,702
1,479
2,387
1,941
1,681
1,864
2,323
1,516
76
2,647
2,828
2,925
3,120
3,297
3,237
3,205
2,944
2,722
4,193
5,453
5,735
5,389
5,873
10,153
9,328
3,298
5,398
3,172
3,306
6,261
4,858
3,045
3,352
6,908
8,041
2,622
2,093
2,284
2,206
3,265
*
2,044
273
2,092
5,438
243
83
2,676
2,207
2,668
1,483
Includes United States savings bonds, savings notes, retirement plan
and tax and loss bonds.
United States savings notes first offered
for sale as of May 1, 1967 and were discontinued after June 30, 1970.
Retirement plan bonds first offered for sale as of January I, 1963;
tax and loss bonds first issued in March 1968.
Taxes eligible for credit consist of those deposited by taxpayers in
the Tax and Loan depositaries, as follows:
withheld income tax'es
beginning March 1948; taxes on employers and employees under the
Federal Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; a number of excise
taxes beginning July 1953; estimated corporation income taxes
beginning April 1967; all corporation income taxes due on or after
March 15, 1968 and FUTA taxes beginning April 1970.
Less than $500,000.
I^ay 1981
25
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
Treasury Bulletin
24
.MONETARY STATISTICS.
Table MS-1.
-
Currency and Coin
in Circulation
}Aay 1981
23
.FEDERAL DEBT.
Table FD-1.
-
Summary
i 1 1
of Federal
ions of dol
1
ars
Debt
>
nt outstandi
End of
fiscal year
or month
Securities held by:
Government accounts
Public
debt
securi-
Agency
securities
ties 1/
The publ
Public
debt
securi-
Agency
securi-
ic
2/
Public
debt
secur i-
ties
Agency
securities
8,794
9,113
10,024
9,001
9,478
9,730
8,493
7,377
10,894
11,109
12,012
10,943
11,433
11,678
10,298
8,881
7,232
11
646,371
709,138
780,425
S33,751
426,435
457,317
474,235
533,188
620,432
634,701
698,840
771,544
826,519
3,559
125,381
140,194
147,225
151,566
148,052
157,295
169,477
189,162
111,460
123,385
138,206
145,283
149,611
146,105
155,490
167,973
187,683
2,100
1,996
1,988
1,942
1,955
1,947
1,805
1,504
1,478
323,770
343,045
346,053
396,906
480,300
498,327
551,843
610,948
644,589
314,976
333,932
336,029
387,905
470,821
488,596
543,350
603,571
638,836
1980.
914,317
907,701
6,616
199,212
197,743
1,469
715,105
709,958
5,147
1980-Mar..
Apr.
May..
June.
870,444
876,914
884,788
884,381
863,451
870,009
877,917
877,614
6,993
6,905
6.871
6,768
187,814
189,653
192,176
196,385
180,328
188,168
190,693
194,904
1,487
1,485
1,483
1,481
682,630
687,260
692,611
687,997
677,123r
681,841
687,224
682,710
5,506
5,420
5,388
5,257
July.
Aug.
Sept.
Oct..
Nov..
Dec.
888,367
900,075
914,317
914,782
920,316
936,686
881,682
893,424
907,701
908,190
913,752
930,210
6,685
6,651
6,616
6,592
6,564
6,476
190,634
191,231
199,212
194,919
191,223
193,925
189,159
189,762
197,743
193,452
4/ 189,753
5/ 192,464
1,474
1,468
1,469
1,468
1,4 70
1,461
697,734
708,844
715,105
719,862
729,094
742,761
692,523
703,662
709,958
714,738
723,999
7)7,746
5,211
5,182
5,147
5,124
5,094
5,015
1981-Jan..
Feb..
Mar..
940,528
956,898
970,901
934,073
950,498
964,531
6,455
6,399
6,370
190,995
193,449
192,314
6/ 189,520
1,475
1,474
1,459
749,533
763,449
7^8,587
744,553
758,524
773,676
u,980
4,925
4,911
1972.
1973.
486, J4?
544,111
197-!..
1975.
1976.
T.O,.
1977.
1978.
1979.
6 31,S()6
.
.
y
191,974
190,855
i/
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Amounts of public debt securities outstanding have been adjusted to
1/
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
Includes holdings of Federal Reserve Banks.
^/
4/
W
6_/
Includes S15 million of Federal National Mortgage Association bonds
Includes $61 million Government Account Series and j4 million
Federal National Mortgage Association bonds.
Includes $4 million Federal National Mortgage Association bonds.
Includes $38 million of Railroad Retirement Board notes and
excludes $12 million of Federal Savings and Loan Insurance
<.<)!
Table FD-2.
Computed
-
Interest Charge and
Computed
5,7 54
t>or
.'i
t
iijn
nui
t
-.
Interest Rate on Interest-Bearing Public
Debt
ounts in millions)
End of
fiscal year
or month
1972.
1973.
1974.
1975.
1976.
T.O..
1977.
1978.
1979.
Total
interes
Computed annual interest rate
t-
bearing
public
debt 1/
425,360
Compu ted
annual
interest
charge
V
Total
interestbearing
publ ic
debt 1/
3.233
532,122
619,254
633,560
697,629
766,971
819,007
21,545
26,591
30,741
33,509
39,494
40,583
44,481
53,885
64,946
5.093
5.872
6.560
1980.
906,402
80,437
1980- Apr..
May..
June.
868,866
873,529
876,275
July.
Aug,
Sept.
Oct..
Nov.
Dec.
880,395
888,733
906,402
906,948
456, 353
4
.
1981-Jan.
Feb.
Mar.
7
6. 352
6.436
6.478
6.424
7.126
8.057
Treasury Bills
5.099
6.129
7.030
6.533
6.559
4.188
6.591
8.416
6.253
8.592
9.032
9.608
81,889
80,527
78,252
9.617
9.401
9.097
8.913
8.921
9,032
9.134
909,371
928,912
77,065
77,876
80,437
81,361
84,014
89,722
929,825
946,455
963,20-
92,012
96,283
98,980
5
9.855
10.109
10.399
10.-.05
6. 59]
6.48!
7.
388
Government
account
series 5/
Treasury
bonds
3/
5.819
5.784
5.655
7.568
10.110
9.41
Nnnmarke table
Marketable issues
6.312
6.412
6.529
7.058
7.352
4.018
4.393
4.755
5.339
5.654
7.3 56
5.811
7.066
6. 120
397
6. 587
7.
8.130
'.
10.436
9.443
8.466
10.590
10.323
9.867
13.996
13.077
11.795
9.109
9.179
9.199
8.285
3.358
8.360
9.567
9.544
9.608
9.720
10.124
10.6 79
10. 748
10.486
10.4 16
10.589
11.581
12.80 5
9.204
9.287
9.443
9.487
8.402
8.461
8.465
8.525
8.741
11.059
11.360
11.461
13.842
14.665
14.294
9.606
9.900
10. 309
153
8.803
8.914
8,918
535
138
374
387
452
487
60 1
725
968
.209
.237
6.221
6.235
5
Treasury Bulletin
26
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
or month
Total
interestbearing
publ ic
debt
Marketable
Bill
1/
Treasury
notes
Nonmarketable
Treasury
bonds
savings
bonds
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
425,360
456,353
473,238
532,122
619,254
633,560
697,629
766,971
819,007
257,202
262,971
266,575
315,606
392,581
407,663
443,508
485,155
506,693
94,648
100,061
105,019
128,569
161,198
161,505
156,091
160,936
161,378
113,419
117,840
128,419
150,257
191,758
206,319
241,692
257,865
274,242
49,135
45,071
33,137
36,779
39,626
39,839
45,724
56,355
71,073
168,158
193,382
206,663
216,516
226,673
225,897
254,121
281,816
312,314
55,921
59,418
51,921
65,482
69,733
70,752
75,411
79,798
80,440
1980
906,402
594,506
199,832
310,903
83,772
311,896
72,727
1980- Apr.
May.
June
868,866
873,529
876,275
564,869
567,560
566,735
195,296
195,387
184,684
291,831
291,532
301,455
77,741
80,641
80,596
303,997
305,968
309,539
73,889
73,247
73,072
July
880,395
888,733
906,402
906,948
909,371
928,912
576,145
583,419
594,506
599,406
605,381
623,186
191,491
199,306
199,832
202,309
208,721
216,104
302,626
300,251
310,903
311,927
311,119
321,634
82,027
83,861
83.772
85,170
85,541
85,449
304,2 50
305,314
311,896
307,542
303,989
305,726
929,825
946,455
963,207
962,779
628,482
642,905
661,142
657,906
220,423
228,972
235,315
225,849
321,176
324,540
336,505
341,052
86,883
89,393
89,323
91,006
301,343
303,550
302,065
304,873
72,968
72,853
72,727
7 2,669
72,524
72,217
71,057
70,443
70,057
69,518
Aug,
Sept.
Oct.,
Nov.
Dec.
1981-Jan..
Feb.,
Mar.,
Apr.
.
May
1981
27
.FEDERAL DEBT,
Table FD-4.
-
Government Account Series
Treasurv Bulletin
28
.FEDERAL DEBTTable FD-5.
-
Interest-Bearing Securities Issued by
Government Agencies
{In millions of dollars)
Defense
Department
End of
fiscal year
or month
Housing and Urban
Development
Department
Other independent agencies
Total
ABiount
outstanding
FaiHily
A/
h«u4WJ
and homeowner
assistance
1972
1973
197A
1975
1976
T.Q
1977
1978
1979
10,894
11,109
12,012
10,943
11,433
11,678
10,298
8,881
7,232
1980
6,616
1980-Mar.
Apr.
May.
June
6
Julx
Aug.
Sept
Oct.
Nov.
Dec.
1981-Jan.,
Feb..
Mar.
Federal
Housing
Administration
Government
National
Mortage
Association
Export-Import
Bank of the
United States
Federal
Home Loan
Bank Board
Postal
Service
Tennessee
Valley
Authority
May
1981
30
Treasury Bulletin
.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
Amount
outstanding
privately
held
Within
1
1971
1972
1973
1974
1975
1976
vear
5
20 years
vears
and over
1
-
161,863
165,978
167,869
166,862
210,382
279,782
294,595
326,674
356,501
380,530
463,717
74,803
79,509
84,041
87,150
115,677
151,723
153,203
161,329
163,819
181,883
220,084
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113,319
132,993
127,574
156,244
14,503
16,033
16,385
14,197
15,38 5
24,169
31,247
33,067
33,500
32,279
38,809
1980-:iar.
430,036
Apr.
Hay.
43'),283
433, W5
June
431,393
208,542
207,942
20<,899
196,365
137,514
142,011
140,835
147,756
40,151
40,111
36,317
39,715
July
Aug.
Sept
Oct.
Nov.
446.255
454,063
463,717
467,845
475,365
210,136
218,977
220,084
222,346
230,987
149. 21j
150,764
156,244
156,712
154,424
39,426
35,652
38,809
38,747
38,021
Dec..
492,294
1981-Jan.
Feb.
Mar,
502,248
515,178
532,800
239,697
247,958
256,007
263,208
159,585
156,845
160,163
167,226
41,175
43,969
43,382
46,786
T.O
1977
1978
1979
1980
,
6
Average length
l^/
Ray
1981
31
FEDERAL DEBT,
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C,
authority
Act, and the face amount of
of that
obligations
guaranteed as to principal and interest by the United States,
exceed
shall not
at
any
June
time.
28,
1980,
in the aggregate $^00 billion
ending
on Feb.
shall be temporarily
debt limit
outstanding
Public Law 96-286 provides Chat beginning
and
28,
The
?57b), as amend-
ed, provides that the face amount of obligations issued under
1981,
the
increased by ^525
on
Public
billion.
that
tions
Act
of June 30, 1967 (Public Law 90-19)
provides
the face amount of beneficial interests and participa-
issued under section 302
Mortgage Association Charter Act
the fiscal year
added to
1968 and
(c) of the Federal National
(12 U.S.C.
outstanding
1717 (c) during
at any time shall be
the amount otherwise taken into account
mining whether the
in
deter-
requirements of the above provisions are
met.
Part A. - Status Under Limitation,
April 30,
1981
(In millions of dollars)
Public debt subject to limit;
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal F inane ng Bank
$96^.0?6
60
7
'
Total public debt subject to limit
Other debt subject co limit:
Guaranteed debt of Government agencies
Specified participation certificates
Total other debt subject to limit
458
1,13 5
Total debt subject to limit
Statutory debt limi
^85,00
t
19,987
Balance of sta tutory debt limit
Part B. - Application of Statutory Limitation
Classification
April 30, 1981
Amount outstanding
Interest-bearing debt:
Marketable:
Bills:
Treasury
Notes:
Treasury
Bonds:
Treasury
Total marketable
Nonmarke table:
Government:
Depositary series
Foreign series:
Dollar denomina ted
Public:
Foreign currency denominated
Government account series
Investment series
R.E.A. series
State and local government series
Uni ted States individual retirement bonds
United S tates re tirement plan bonds
Uni ted States savings bonds
United States savings notes
Total nonmarketable
Total inte re St -bearing debt
Non-interest-bearing debt:
Matured debt
Other
Total non-interest-bear ing debt
Total public debt outstanding
6,437
186,979
20
43
170
69,518
Treasury Bulletin
i2
.
Table FD-10.
-
FEDERAL DEBT.
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
1972
1973
1974
1975
1976
T.O
1977
1978
1979
1980
International
Development 1/
33,939
34,237
3 5,434
44,674
53,091
57,374
66,353
85,626
105,931
Federal
Financinj
Bank
416
374
327
233
128,825
1980- Apr.
May.
June
119,653
122,196
123,515
74,009
76,009
77,408
July
125,638
126,762
128,825
130,976
133,635
132,988
78,870
80,024
82,559
83,903
85,440
87,461
139,147
139,959
143,933
146,759
88,500
90,024
94,187
96,489
Sept
Oct.
Nov.
Dec.
l»81-J«n
.
Feb.
Mar.
Apr.
Commodity
Credit
Corporation
11
602
13,466
22,413
25,884
35,418
48,078
63,836
82,559
Aug.
Federal
Home Loan
Bank Boarc
1,247
1,534
1,491
Rural
Electrification
Administration
33
fAay 1981
.FEDERAL DEBT.
Footnotes to Table FD-10
Source:
Bureau of Government Financial Operations.
Note:
These securities were Issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agencies to borrow from the Treasury.
Further detail may be found in
the 1979 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 436-442 i and the 1979 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages
560-562.
l_/
And predecBssor agencies.
Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with infcrmational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs. Agricultural Credit Insurance
2/
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
Includes securities transferred from the Reconstruction Finance
3/
U/
^/
6/
Z/
Corporation.
As of May 1980, the college housing loan program was transferred to
the Department of Education.
Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and Housing for the Elderly or Handlcappe-d.
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-Decefnber 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 Exploratidn
Administration); and the Secretary of the Treasury through
May 1964.
9/ Consists of notes Issued by the:
International Communication Agency
for informational media guaranties (see footnote 1)
Secretary of
Conmerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NOAA)
beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of helium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Author i ty) beginning December 1972 Heal th 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;
Bonnein^ille 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.
10/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
8/
;
,
;
,
Treasury Bulletin
34
.PUBLIC DEBT 0PEBATI0N8
TtbU PDO-1.
-
•
Uatnrity Schedule of Interest-Bearing Marketable Public Debt Securities Other
than Safalar Weekly and S2-Week Treasury Bills
OntBtaadiat. April 30, 1981
(In millions of rfollai
May
1981
35
.FUBUC DEBT OPERATIONS
Table PDO-2. - OfferincPB of BiDs
{Amounts in millions of dollars)
Description of new Issue
Number of
days to
matur i ty _1/
Maturity
date
Issue date
Regular weekly:
(l?-week and 26-week)
1931-Jan
fl9ai-Apr.
2
I
July
[Apr.
s
July
Apr.
15
July
Apr.
22
July
Apr.
29
July
23
23
30
30
May
5
12
Aug.
May
Aug.
19
26
Mar.
5
12
19
26
Apr.
Aug.
20
May
Is
Aug.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
2
July
Oct.
9
July
Oct.
16
July
Oct.
July
Oct.
23
22
30
July
Oct.
30
29
1
1981-Mar.
23
52-weeks
1980-Apr.
May
:
29
May
June
July
27
24
22
Aug.
Sept.
Oct.
Nov.
Dec.
19,
16
14,
6
4
1981-Jan.
2
Feb.
Mar.
29
26
26
23
Apr
Cash. management
1980-Dec.
3
31
1981 -Mar.
Apr.
9
1
Amount of
bids
tendered
Amounts of bids accepted
Total
Amount
On competitive
basis 2/
On noncompetitive
basis 3/
Amount
maturing on
issue date
of new
offering
unmatured
issues outstanding after
new issues
Treasury Bulletin
36
PUBLIC DEBT OPERATION
Table PDO-2.
On total bids accepted
Issue date
Regular weekly
1981-Jan.
:
2-
S.
15.
22.
29.
Keb.
5.
12.
19.
26.
Mar.
5.
12.,
19..
lb..
Apr.
52-weeks
2.,
-
Offerings of Bills-Continued
Niay 1981
37
.PUBLIC DEBT OPERATIONSL
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)
Description of issue
^
Treasury Bulletin
38
.PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
Bills
i'-Continued
(Dollar amounts in millions")
Description of issue
Issue
date
Maturi ty
date
Number of
Amount
of bids
tendered
Amount
of bids
accepted
days to
Average rate
of bids
accepted 1^/
(Percent)
New money
increase, or
decrease (-)
maturi ty
19B0-Dec.
Har.
June
12
11
18.
26.
Mar.
June
26
25
4,212r
4,124r
16.667
15.423
614r
90
181
6,836
5,503
4,027r
4,034r
14.992
14.032
753r
8,226
6,983
4,303r
4,253r
13.908
13.411
634r
9
91
182
7,324
6,759
4,242r
4,242r
13.601
13.185r
559r
16
16
91
182
6,492
6,844
4,332r
4,336r
15.317
14.228
722r
July
23
23
91
182
8,316
9,348
4,327r
4,326r
15.595
14.472r
731r
Apr.
July
30
30
91
182
8,643
8,816
4,338r
4,330r
15.199
14.121
756r
91
182
8,945
8,564
4,376r
4,334r
14.657
13.735
691r
91
182
9,800
7,577
4,483r
4,5G0r
15.397
14.430
l,171r
91
182
8,787
8,216
4,361r
4,343r
15.465
14.760
S7Sr
91
9,548
9,426
4,330r
4,336r
14.103
13.611
730r
May
14
Aug.
13
May
21
Aug.
20
May
28
27
June
June
Sept.
June
Sept.
June
Sept.
182
91
182
8,230
10,094
4,324
4,319
14.464
14.133
295r
10
91
182
8,365
7,694
4,318
4,375
13.997
13.427
826r
18
17
91
182
9,740
7,833
4,352
4,427
12.759
12.096
25
24
751r
91
182
8,948
7,462
4,314
4,317
12.694
12.274
790r
7,698
7,182
4,323
4,323
12.501
12.073
383
Sept.
11
July
Oct.
2
July
Oct.
9
91
182
8,197
6,645
4,332
4,327
14.150
13.783
501
8
July
Oct.
16
15
91
182
9,025
7,836
4,034
4,030
13.783
13.646
-202
July
23
22
91
132
7,523
7,101
4,033
4,039
13.534
13.621
-166
Oct.
July
Oct.
30
29
91
7,503
4,023
j,0JO
1
Source:
See Table PDO-2.
Equivalent average rate on bank discount basis,
Revised.
182
7,971
9,277
90
Aug.
r
l,438r
91
181
Aug.
y
16.334
15.609
2
May
30.
4,028r
4,038r
2
Apr.
23.
8,264
7,756
9
July
Apr.
l,2:3r
91
182
July
Apr.
12.
14.650
14.554
Apr.
July
Apr.
19.
5^,52?r
4,343r
-1'32
May
1981
39
PUBLIC DEBT OPERATIONS
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
40
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
Dollar amoants tn rallllons)
Date subscrip-
^ay
41
1981
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-4
.Source:
Note;
Bureau of the Public Debt.
All securities except KA & EO notes were sold at auction
tbruugb competitive and noncompetitive bidding.
tbe rate shown is the
equivalent average rate (bank discount basis) of accepted bids.
For
Other securities Issued at par except those sold at auction.
details of bill offerings see Table Pno-2.
From date of additional Issue In case of a reopening.
In reopenlngs the amount Issued Is In addition to the amount of
original offerings.
For securities exchanged for the new issues see Table PDO-7.
Exchange offering available to owners of nonraarketable 2-3/4%
Treasury Bonds, Investment Series 3-1975-80, dated April 1, 1951.
For further Information on the original offering see Treasury
Bulletin for April 1951, page A-l.
Yields accepted ranged from 9.66% (price 99.938) up to 9.70% (price
99.868) with the average at 9.68% (price 99.903).
Prices accepted ranged from 99.09 (yield 9.10%) down to 98.69 (yield
9.15%) with the average at 98.79 (yield 9.14%).
Yields accepted ranged from 9.75% (price 100.000) up to 9.79% (price
99.929) with the average at 9.73% (price 99.947).
Yields accepted ranged from 9.36% (price 99.296) up to 9.38% (price
99.168) with the average at 9.37% (price 99.232).
Yields accepted ranged from 9.22% (price 99.039) up to 9.24% (price
98.838) with the average at 9.23% (price 98.938).
to 1.77% (price
Yields accepted ranged from 9.75% (price 100.000)
99.964) with the average also at 9.77%.
.23% (price
Yields accepted ranged from 9.20% (price 99.866) up to
99.813) with the average at 9.22% (price 99.830).
Yields accepted ranged from 8.85% (price 100.083) up to 8.93% (price
99.819) with the average at 8.89% (price 99.950).
Yields accepted ranged from 8.78% (price 99.714) up to 8.83% (price
99.302) with the average at 8.81% (price 99.467).
Yields accepted ranged from 9.35% (price 100.045) up to 9.45% (price
99.866) with the average at 9.41% (price 99.938).
Yields accepted ranged from 9.03% (price 99.923) up to 9.07% (price
99.820) with the average at 9.06% (price 99.845).
Prices accepted ranged from 100.07 (yield 8.99%) down to 99.96
(yield 9.01%) with the average at 100.00 (yield 9.00%).
Prices accepted ranged from 102.36 (yield 8.89%) down to 101.99
(yield 8.93%) with the average at 102.13 (yield 8.92%).
Yields accepted ranged from 9.60% (price 100.045) up to 9.66% (price
99.938) with the average at 9.65% (price 99.955).
Yields accepted ranged from 9.23% (price 99.997) up to 9.27% (price
99.848) with the average at 9.25% (price 99.922).
Yields accepted ranged from 10.20% (price 99.869) up to 10.22%
(price 99.834) with the average at 10.21% (price 99.851).
Yields accepted ranged from 9.75% (price 100.000) up to 9.81% (price
99.806) with the average at 9.79% (price 99.871).
Yields accepted ranged from 10.10% (price 100.155) up to 10.25%
(price 99.013) with the average at 10.17% (price 99.620).
Yields accepted ranged from 12.55% (price 100.129) up to 12.69%
(price 99.888) with the average at 12.66% (price 99.940).
Yields accepted ranged from 11.62% (price 100.014) up to 11.64%
(price 99.958) with the average at 11.64% (price 99.958).
Yields accepted ranged from 10.70% (price 100.303) up to 10.79%
(price 99.759) with the average at 10.75% (price 100.000).
Yields accepted ranged from 10.39% (price 99.863) up to 10.48%
(price 99.045) with the average at 10.44% (price 99.407).
Yields accepted ranged from 12.18% (price 99.905) up to 12.26%
(price 99.767) with the average at 12.247 (price 99.801).
Yields accepted ranged from 10.28% (price 100.339) up to 10.49%
(price 99.532) with the average at 10.40% (price 99.898).
Yields accepted ranged from 11.42% (price 99.922) up to 11.44%
(price 99.887) with the average at 11.43% (price 99.904).
Yields accepted ranged from 10.39% (price 100.353) up to 10.60%
(price 99.681) with the average at 10.52% (price 99.936).
Yields accepted ranged from 10.58% (price 99.352) up to 10.61%
(price 99.130) with the average at 10.60% (price 99.204).
Yields accepted ranged from 11.50% (price 100.000) up to 11.53%
(price 99.948) with the average at 11.52% (price 99.965).
Yields accepted ranged from 11.87J; (price 100.014) up to 12.00%
(price 99.651) with the average at 11.98% (price 99.707).
Yields accepted ranged from 11.98% (price 99.932) up to 12.05%
(price 99.599) with the average at 12.02% (price 99.742).
Yields accepted ranged from 11.78% (price 99.754) up to 11.87%
(price 99.021) with the average at 11.84% (price 99.264).
Yields accepted ranged from 13.91% (price 99.941) up to 14.00%
(price 99.788) with the average at 13.98% (price 99.822).
Yields accepted ranged from 14.20% (price 100.443) up to 14.50%
(price 99.365) with the average at 14.39% (price 99.758).
Yields accepted ranged from 14.94% (price 100.101) up to 15.07%
(price 99.883) with the average at 15.01% (price 99.983).
Yields accepted ranged from 14.20% (price 100.149) up to 14.33%
(price 99.763) with the average at 14.29% (price 99.881).
Yields accepted ranged from 12.60% (price 100.092) up to 12.72%
(price 99.293) with the average at 12.69% (price 99.492).
Yields accepted ranged from 11.41% (price 99.939) up to 11.46%
(price 99.852) with the average at 11.44% (price 99.887).
Yields accepted ranged from 9.28% (price 99.816) up to 9.35% (price
99.623) with the average at 9.32% (price 99.706).
1/ For bill Issues, always sold at auction,
2/
3/
4/
5/
6/
7/
8/
9/
10 /
11 /
12 /
13 /
14 /
15/
16 /
17 /
18 /
19 /
20 /
21/
22/
23/
24 /
2 5/
26/
27 /
28/
29 /
30/
2!./
22/
33 /
34 /
3 5/
_36/
2?/
38 /
39 /
40/
41/
42/
43 /
44/ Price accepted ranged from 106.10 (yield 9.75%) down to 104.84
(yield 9.95%) with the average at 105.27% (yield 9.88%).
4 5 / Yields accepted ranged from 10.08% (price 99.248) up to 10.18%
(price 98.322) with the average at 10.12% (price 98.876).
46/ Yields accepted ranged from 9.29% (price 100.151) up to 9.40% (price
99.956) with the average at 9.37% (price 100.009).
47/ Yields accepted ranged from 9.56% (price 100.177) up to 9.69%
(price 99.654) with the average at 9.66% (price 99.775).
48 / Yields accepted ranged from 8.55% (price 100.135) up to 8.65% (price
99.955) with the average at 8.63% (price 99.991).
49 / Yields accepted ranged from 8.94% (price 99.785) up to 9.01% (price
99.555) with the average at 8.99% (price 99.621).
50/ Yields accepted ranged from 10.40% (price 99.813) up to 10.44%
(price 99.515) with the average at 10.42% (price 99.664).
22./ Yields accepted ranged from 8.92% (price 99.919) up to 9.00% (price
99.776) with the average at 8.97% (price 99.830).
22/ Yields accepted ranged from 9.85% (price 99.955) up to 9.90Z (price
99.818) with the average at 9.88% (price 99.873).
53/ Yields accepted ranged from 10.73% (price 100.121) up to 10.85%
(price 99.399) with the average at 10.81% (price 99.639).
54 / Prices accepted ranged from 97.40 (yield 10.66%) down to 96.18
(yield 10.80%) with the average at 96.91 (yield 10.71%).
55/ Yields accepted ranged from 11.18% (price 99.904) up to 11.26%
(price 99.765) with the average at 11.24% (price 99.799).
56/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78%
(price 99.759) with the average at 11.76% (price 99.835).
57/ Yields accepted ranged from 11.85% (price 100.043) up to 11.96%
(price 99.853) with the average at 11.93% (price 99.905).
28/ Yields accepted ranged from 12.05% (price 100.233) up to 12.15%
(price 99.923) with the average at 12.13% (price 99.985).
29/ Yields accepted ranged from 11.48% (price 100.088) up to 11.75%
(price 98.197) with the average at 11.61% (price 99.171).
60/ As a result of correcting an overstatement by a Federal Reserve Rank
of the amount of noncompetitive tenders received, the total amount
of accepted tenders was changed from 54,500 million to S4,315
million. Neither the average yield nor the amount or range of
61^/
62/
63/
64 /
65 /
66/
27/
68/
69 /
70/
71/
72/
73/
74/
7 5/
26/
JJ_/
78/
79 /
80 /
81
/
82/
83 /
84/
8 5/
•
p
competitive tenders was affected.
Yields accepted ranged from 12.19% (price 99.888) up to 12.26%
(price 99.767) with the average at 12.24% (price 99.801).
Yields accepted ranged from 13.09% (price 100.438) up to 13.40%
(price 99.592) with the average at 13.31% (price 99.837).
Yields accepted ranged from 12.95% (price 100.276) up to 13.12%
(price 99.342) with the average at 13.07% (price 99.616).
Yields accepted ranged from 12.69% (price 100.461) up to 12.87%
(price 99.090) with the average at 12.81% (price 99.543).
(price 99.941) up to 14.02%
Yields accepted ranged from 13.91%
(price 99.755) with the average at 13.99% (price 99.805).
from
13.40%
(price 100.211) up to 13.54%
Yields accepted ranged
(price 99.698) with the average at 13.52% (price 99.771).
Yields accented ranged from 15.13% (price 99.992) up to 15.18%
(price 99.908) with the average at 15.15% (price 99.958).
Yields accepted ranged from 13.93% (price 100.209) up to 14.06%
(price 99,821) with the average at 14.03% (price 99.910).
Yields accepted ranged from 12.38% (price 99.957) up to 12.50%
(price 99.407) with the average at 12.49% (price 99.453).
Yields accepted ranged from 11.77% (price 99.787) up to 11.84%
(price 99.255) with the average at 11.82% (price 99.407).
Yields accepted ranged from 13.65% (price 99.958) up to 13.71%
(price 99.856) with the average at 13.69% (price 99.890).
As a result of correcting an understatement by a Federal Reserve
Bank of the amount of competitive tenders received, the total
amounts of tenders received and accepted were Increased by SlOO
nllllnn.
The average yield was not affected.
Yields accepted ranged from 13.32% (price 99.809) up to 13.40%
(price 99.592) with the average at 13.37% (price 99.673).
Prices accepted ranged from 100.85 (yield 12.83%) down to 100.25
(yield 12.94%) with the average at 100.50 (yield 12.89%).
Prices accepted ranged from 100.81 (yield 12.63%) down to 100.26
(yield 12.70%) with the average at 100.43 (yield 12.68%).
Yields ranged from 13.94% (price 99.890) up to 14.00% (price 99.789)
with the average at 13.97% (price 99.839).
Yields ranged from 13.74% (price 99.865) up to 13.74% (price 99.610)
with the average at 13.79% (price 99.633).
Yields accepted ranged from 12.61% (price 100.026) up to 12.68%
(price 99.905) with the average at 12.65% (price 99.957).
Yields accepted ranged from 13.46% (price 99.744) up to 13.51%
(price 99.953) with the average at 13.49% (price 99.653).
Yields accepted ranged from 13.13% (price 99.870) up to 13.26%
(price 98.963) with the average at 13.21% (price 99.310).
Yields accepted ranged from 13.24% (price 100.025) up to 13.39%
(price 99.355) with the average at 13.34% (price 99.577).
Yields accepted ranged from 14.35% (price 100.253) up to 14.63%
(price 99.731) with the average at 14.51% (price 99.983).
Yields accepted ranged from 15.79% (price 99.907) up to 15.82%
(price 99.838) with the average at 15.81% (price 99.861).
Yields accepted ranged from 14.44% (price 100.312) up to 14.60%
(price 99.482) with the average at 14.56% (price 99.689).
Yields accepted ranged from 13.85% (price 100.177) up to 14.01%
(price 99.053) with the average at 13.99% (price 99.192).
Less than 5500,000.
Preliminary.
42
Treasury Bulletin
.PUBUC DEBT OPERATIONS,
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
f inane ing
1981
7-3/87.
Note
5/15/81-D
1/26/76
7-1/27.
Note
5/15/81-M
2/15/78
9-3/47.
6-3/47.
9-1/87.
Sote
Note
Note
5/31/81-T
6/30/81-J
6/30/81-U
5/31/79
6/3/77
7/2/79
9/3/87.
Note
7/31/81-V
7/31/79
8-3/87.
Note
8/15/81-N
8/15/78
9-5/87.
10-1/87.
Note
Note
Note
8/31/Sl-W
9/30/81-X
10/31/81-Y
8/31/79
10/9/79
10/31/79
12-5/8r
77.
fAay 1981
43
-PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Unmatured Marketable Secarities Issued
at
a
Premium
Other than Advance Refunding Operations-Continued
or
Discount
44
Treasury Bulletin
.PUBLIC DEBT 0PE31ATI0N8.
Table FIX>6. - Unmatured Marketable Securitiee lesued at a Premiam or Diacount
Other than Advance Refunding OpeiBtioiiB-Continaed
De
May
45
1981
-PUBLIC DEBT OPERATIONS
,
Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Descr
Treasury Bulletin
46
,
Table PDO-6.
-
PUBLIC DEBT OPERATIONS.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.
-
Other than Bills 1/
(In millions of dollars)
Issues
I^ay 1981
47
.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
48
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other than Regular Weekly Series
(In millions of dollars)
Date of
financing
Date of
maturity
Average
rate
(Percent)
1/10/78
2/7/78
1/9/79
2/6/79
3/7/78
A/4/78
5/2/78
5/30/78
6/27/78
7/25/78
3/6/79
4/3/79
5/1/79
5/29/79
6/26/79
7/24/79
8/22/78
M.ay 1981
49
.PUBLIC DEBT OPERATIONS,
Table PDO-7.
-
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Treasury Bulletin
50
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
May
51
1981
.PUBUC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nomnarketable)
Issued to Official Institutions of Foreign Countries-Continued
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign
Countries-Continued
53
fAay 1981
PUBLIC DEBT OPERATIONS.
Table
PDO-9
-
Foreign Currency Series Securities
Issued to Residents of Foreign Countries
(Dollar amounts to millions)
34
Treasury Bulletin
-UNITED STATES SAVINGS BONDSSeries E.
currently sold.
and
1980.
Series
EE
Series
and
HH
Series HH are the only savings honrls
E
has been on sale since May 1, 1941
have
been on
sale
Series A-D were sold from March
30, 1941.
1979.
1,
since
January
1,
1935 through April
Series F and R were sold from Hay 1, 1941 through
April 30, 19';2.
31,
TE and
Series H sold from June 1. through [lecember
Series
J
and
Table SB-1.
K
-
were
sold
from
May
1.
through
30.
Details of the princioal changes
1957.
interest yields, maturities,
issues,
in
the Treasury Bulletins of April
and
necember
1959,
September 1970:
and
May
and
October
the Annual
other terms appear
1951, May 1957,
1961.
June
the Treasury for fiscal years 1965 through 1977.
Sales and Redemptions by Series, Cumulative through
October
1968
and
Report of the Secretary of
1952
fin millions of dollars)
Footnotes at end of Table SB-^.
April
in
April 80, IffSO
Niay 1981
53
.UNITED STATES SAVINGS BONDS,
Table SB-3.
Sales and Redemptions by Periods, Series
E through K
Treasury Bulletin
56
-UNITED STATES SAVINGS BONDS,
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through
K— Continued
3/
(In millions of dollars)
Redemptions
Accrued
discount
Sales plus
accrued
discount
\_/
Exchange of
E bonds for
Sales
price 4/
Accrued
discount 4/
H bonds
Amount
outstanding
( interestbearing debt)
May
37
1981
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
3/
.
38
Treasury Bulletin
.UNITED STATES SAVINGS NOTES
1967
The principal terms and conditions for purchase and re-
The notes were eligible for purchase
demption and information on investment yields of savings notes
United States savings notes were on
through June 30, 1970.
by
individuals
with
,
sale
May
1,
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
Fiscal years ;
1967-69.
528
323
1970.
1971.
1972.
1973.
1974.
1975.
1976.
11
T.q..
1977.,
1978.,
1979.,
1980.
Calendar years
1967-70
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
12
25
33
28
29
35
31
24
Redemptions
Sales plus
accrued
discount
540
347
44
28
29
35
33
22
Sales
35
111
167
85
69
77
75
45
6
6
23
22
21
21
23
22
21
21
48
76
27
124
11
36
31
:
705
-3
28
29
39
25
24
23
22
21
28
29
71
74
39
25
24
82
23
35
33
52
71
22
21
19
53
42
Month :
1980- Apr
May
June
11
12
16
July.
Aug..
Sept.
Oct..
Nov.
4
Dec.
4
•1931-Jan.,
Feb.
Mar..
Apr.
3
3
3
2
2
6
10
5
_2/
Niay 1981
.OWNERSHIP OF FEDEKAL 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
outs tand ing
Nonmarke table
Marketable
1<>72
<.37,J2'1
1973
1974
1975
1976
486,247
544,131
631,385
646,379
709,138
780,425
833,751
T.Q
1977
1978
1979
425,360
456,353
473,238
532,122
619,254
633,560
697,629
766,971
819,007
111,460
123,385
138,206
145,283
149,611
146,105
155,490
167,973
187,683
Government
account series
20,080
21,229
20,475
18,353
16,640
14,619
13,886
11,379
89,536
101,248
114,921
122,752
129,202
127,409
138,816
152,031
174,248
187,665
l'i.368
Other
Public
issues
held by
Federal
Reserve
banks
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
71,356
75,022
80,485
84,749
94,446
96,427
104,715
114,764
115,458
2,056
116,657
118,825
124,003
124,515
1980
914,317
906,402
197,743
10,078
1980-Mar.
Apr.
May.
June
870,444
876,914
884,788
884,381
862,211
868,866
873,529
876,275
186,328
188,168
190,693
194,904
10,801
10,761
10,373
10,327
173,471
177,408
180,320
184,576
July
888,367
900,075
914,317
914,782
920,316
936,686
880,395
888,733
906,402
906,948
909,371
928,912
189,159
189,762
197,743
193,437
189,688
10,328
10,086
10,078
10,078
9,567
192,460
9,564
178,831
179,676
187,665
183,359
180,121
182,896
119,653
119,277
120,711
121,482
120,447
121,328
940,528
956,898
970,901
929,825
946,455
963,207
189,494
191,981
190,873
9,527
9,292
9,303
179,967
182,689
181,570
116,707
118,435
119,039
Aug.
Sept
Oct.
Nov.
Dec .
19Sl-Jan..
Feb..
Mar..
Interest-bearing public debt securities-Con.
End of
fiscal year
1972.
1973.
1974.
1975.
1976.
Held by private investors
Marketable
Nonraarke table
165,978
Matured
public
debt
and debt
bearing no
interest 2/
120,711
Agency securities
Total
outstanding
3/
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
167,869
164,862
210,382
279,782
294,595
326,674
356,501
379,856
76,566
90,078
89,686
91,708
95,415
96,433
110,750
127,733
136,010
1,076
963
997
1,067
1,179
1,142
1,211
4,573
7,512
10,894
1977.
1978.
1979.
242,545
257,947
2 54,548
302,090
375,197
391,028
437,423
484,234
515,866
12,012
10,943
10,953
11,678
10,298
8,881
7,232
2,170
2.156
2,152
2,186
2,223
2,222
2,094
1,705
1,614
8,724
8,953
9,860
8,757
8,730
9,456
8,204
7,176
5,619
1980.
587,948
463,717
124,231
1,299
6,616
1,605
5,011
T.Q..
1980-Mar..
Apr.
May.
June.
559,226
561,873
558,833
S56,856
430,036
435,284
433,184
431,893
129,191
126,589
125,648
124,963
July.
Aug..
Sept.
Oct..
Nov.
Dec.
571,673
579,693
587,948
592,029
599,235
446,2 54
454,055
463,717
467,846
475,366
615,124
623,624
636,039
653,295
492,294
.
1981-Jan..
Feb..
Mar..
502,248
515,178
532,800
Note:
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
1,241
1,14 3
1]
,109
4,388
1,339
6,993
6,905
6,871
6,768
1,621
1,620
1,619
1,617
5,572
5,285
5,252
5,151
125,419
125,638
124,231
124,183
123,869
122,830
1,288
4,691
1,299
1,242
4,381
1,297
6,685
6,651
6,616
6,592
6,564
6,476
1,610
1,604
1,605
1,618
1,609
5,075
5,048
5,011
4,974
4,955
121,376
120,861
4,249
4,043
1,324
6,455
6,399
6,370
1,617
1,596
1,595
1,595
4,859
4,849
4,804
4,775
y
2/
y
*
U
classified as agency debt. These transactions were
previously reported
as off-budget negative outlays.
Includes a nonmarketable Federal Reserve special
certificate for $2,500.
Adjusted to exclude non-interest-bearing notes issued to
the International Monetary Fund to reflect the unified budget-concept.
For detail, see Table FD- 5.
Less than $500,000.
Treasury Bulletin
60
-OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
-
Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ In blUtons of dollars)
Nonbank Investors
End of
nonth
Total
}Aay 1981
61
TREASURY SURVEY OF OWNERSHIP,
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Ciovernment, Federal agencies, Fed-
The
erally-sponaored agencies, and the District of Columbia.
banks and insurance companies included in the Sirvey currently
account for about 80 percent of all such securities held by
The similar proportion for corporations
Holdings by commercial banks distributed according tj
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks are
these institutions.
Holdings by corporate
published for June 30 and December 31.
Data were first pub-
State and local governments, 40 percent.
lished for banks and insurance companies in the May 1941 Treas-
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa-
the March 1954 Bulletin.
Table TSO-1. -Summary of Federal Securities
March 31, 1981
(Par values
-
in millions of dollars)
Held by private investors covered in Treasury Survey
Total
amount
outstanding 1/
Classification
Public debt issues
U.S. GovernTotal
ment ac-
counts and
Federal
Reserve
banks
private
investors
State and local
government
Insurance companies
savings
banks
2/
cial
banks
2/
i86
Life
437 fire,
casualty,
and
marine
178
.
pension
and loan corpogeneral and reassocla- rations
funds
tirement
tions
funds
All
other
private
investors J/
:
debt securities:
marketable
Nonmarketable 5/
Special issues
Total interest- bearing
public debt securities
Matured debt and debt
bearing no interest
128,342
181,570
532,800
120,495
80,710
4,098
963,207
309,912
653,295
80,710
4,098
1,324
Total public debt
securities
Government agnecv issues
Regular issues
Participation
certificates 6/
Total Govt, agency
securities covered in
Treasury Survey
661,142
302,065
964,531
9,095
4,163
523,106
1,324
1
309,912
654,619
2,440
198
2,242
109
135
44
215
3,067
1,338
1,729
5
24
171
169
146
4,098
9,095
:
5,507
Nonsurveyed Govt, agency
securi ti es
Total Govt, agency
securities 2^
Total Federal securities..
6,370
311,507
402,611
120,495
Memorandum:
Held bjr
6
1
,
2
30
corporate
pension
trust
funds
V
.
.
.
.
)
62
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP..
Table TSO-2.
-
March 31, 1981
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
;Far values - in millions of dollars
Held by investors covered in Treasur;,'
Total
amount
outstanding 1/
Claesification
l.S, Govern-
ment accounts and
Federal
Reserve
Surve:,-
State and local
governments
Insurance companies
5,343
commercial
banJts
barJcs
458
mutual
savings
banks
2/
178
!.76
437 fire,
casualty,
and
marine
savings
,nd loan
associations
411
corporat ior,<
general
funds
pension
and re-
Held by
all
other
investors 2/
Memorandum:
Held by
61,230
corporate
pension
tirement
funds
By t>T>g seguritv :
IsEijed by U.3. Govemioer.t:
Treasury bills
Treaeury notes
Treasury bonds
235,315
336,505
89,32 3
42,634
59,430
26,279
12,464
64,855
3,391
425
3,284
390
1,294
1,579
321,060
201,773
67,323
29,867
8,865
56,278
36,122
18,082
5,988
3,724
8.149
30,210
41,468
6,490
1,064
1,329
1,938
529
163
665
691
775
530
299
1.179
126
455
6,520
1,494
3,506
145
3,926
1,398
1,496
2,493
3,826
1,682
824
2,269
6,002
170,888
184.681
4 7,041
3.012
9,058
6,400
1,038
783
1,422
2,970
505
2,377
217.257
109,409
35,902
17,363
4,062
18,618
4,362
5,606
2,293
2,966
472
2.771
771175-
403,610
Total.
By maturity di£trl''Ut^on
Call classes (due or fir;
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
:
32,2 54
661,142
Total.
Maturity classes (fi:
maturity):
Within 1 year
1 to 5 years ......
5 .0 10 years
10 ,0 15 years ....
15 to 20 years
20 years and over.
Total
1,666
3,301
2,560
14
784
80,710
318,925
203,909
61,995
24,656
13,582
38,076
55,714
36.686
15,208
4,233
5,343
11,153
661,142
128,342
30,111
41,568
6,424
1,317
1.950
70
511
96
90
1,441
135
896
2
7,295
3,885
936
680
94
406
248
1,556
3,411
2,424
663
1,467
2.522
202
213
331
TTwr
15.233
3,775
1,733
461
273
4,006
853
7,174
1,011
810
1,390
2,037
1,079
2,768
510
296
382
144
816
SO. 710
4,330
15,515
5,898
20,640
5,638
2,228
2.177
994
3,103
9,095
Footnotes at end of Table TSO-S.
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
'Par values - in millions of dollars)
Held by investors
out stand'
iTig 1/
U.S. Government accounts and
Federal
Reserve
banks
ered
ir.
Treasury Survey
State and local
goveminents
Insurance companies
banks
2/'
458
mutual
savings
banks
2/
286
life
''^
178
fire.
casualty,
and loi
aseocii
310
general
funds
iry
Bills
Regular weekly and annual
maturlngi
Apr
May
June
July
Aug,
Sept.
Oct.
Nov.
Dec.
Feb.
Mar.
.982..
982.,
Total Treasury Bills.
Treasury Notes
9-3/4
Apr.
7-3/8
May
7-1/2
May
9-3/4
May
6-3/4
June
9-1/8
June
9-3/8
July
7-5/8
Aug.
8-3/8
Aug.
9-5/8
Aug.
6-3/4
Sept.
10-1/8
Sept.
55,326
37,871
41,995
25,491
21,522
21,474
4,009
3,963
9,031
4,684
5,265
4,684
6,441
7,407
9,039
3,700
4,445
4,669
1,097
891
1,970
682
1,168
1,124
235,315
42,634
3,013
2,020
3,893
2,542
2,514
3.057
1,071
411
3.222
2,586
353
364
2,279
1,633
2,657
1,111
1,043
1,121
278
134
535
178
359
540
421
569
4IT
356
317
266
205
2
:
12-5/a
7
7-3/4
12-1/8
7-1/4
11-3/8
11-1/2
6-l/S
13-7/8
7-7/8
15
11-3/8
7
a
9-1/4
9-3/8
8-1/4
8-5/8
8-7/8
8-1/8
9
Oct.
Nov.
Nov.
Nov.
Dec,
Dec.
Jan.
Feb.
Feb.
Mar.
MarApr.
May
May
May
May
June
June
July
Aug.
Aug.
I9ffl-S..
1981-D.
1981-M..
1981-T.1981-J..
1981-U..
1981-V..
1981-F..
1981-N..
1981-U..
1981-K.
1981-X..
1981-Y..
1981-G..
1981-B..
1981-2..
1981-L..
1981-AB.
1982-N..
1982-D..
1982-P.1982-G..
1982-Q,.
1982-R..
1982-E..
1982-A..
19a2-K..
1982-S..,
1982-H..
1982-T..,
1982-U..,
1982-B..,
1982-M..,
444
548
1,366
571
!,968
1,695
1,457
,543
1,477
.,894
i,452
:,697
1.498
,853
.,072
.,573
,613
,74
7
,556
,284
,918
.,587
181
8 36
668
646
408
523
596
121
1,893
649
192
5.7
629
770
866
1.152
774
699
1,011
691
969
1,096
1.109
1,364
602
314
806
1,175
684
814
880
494
680
463
60
550
2
54
677
496
56
1,450
1,070
1,000
1.164
1.074
983
466
516
23
30
pension
and retirement
funds
Held by
all
other
Irvestors 2/
Memorandum
Held by
61.230
corporate
pension
trust
funds
V
MtfjV
63
1981
.TREASURY SURVEY OF OWNERSHIP. March
Table TSO-3.
-
31.
1981
Interest-Bearing Marketable Public Debt Securities by Issue-Continued
(lar values - in millions of dollars)
Held by investors
Total
amount
outstandinc 1/
U.S. Govern
ment accounts and
Federal
Reserve
banks
5.343
commerbanks
2/
458
mutual
savings
bajis
2/
ered
in
Treasury Survey
Insurance corapani
*-noratMliin
State and local
governments
476
savtniTE
and loan
286
life
''^^
fire.
casualty,
and
pens ion
eneral and refund£
tire utn
funds
mar ne
i
Treasury "ote9--(Coottnued)
11-1/8
1982-V.
Aug8-3/8
1982- J..
Sept.
11-7/8
12-1/8
7-7/8
7-1/8
13-7/8
9-3/8
15-1/8
a
13-5/8
13-7/8
9-1/4
12-5/8
Sept,
Oct.
Nov.
Nov.
Nov.
Dec.
Dec.
Feb.
Jan.
Feb.
Mar.
Mar.
7-7/fi
Hay
Hay
June
11-5/8
8-7/8
U-7/8
9-1/4
9-3/4
7
9-7/8
10-1/2
7-1/4
14-1/4
9-1/4
13-1/4
8-7/8
7-1/4
13-1/4
12-1/8
14
8
13-3/8
10-3/8
14-3/8
8-1/4
9-5/8
11-3/4
13-1/2
13-3/4
7-7/8
Aug.
Aug.
Sept.
Nov.
Nov.
Dec.
Feb.
Mar.
May
May
Aug.
Aug.
Sept.
Dec.
Feb.
Mar.
Hay
Hay
Aug.
Aug.
Nov.
Feb.
May
May
Aug.
Feb.
12
May
7-5/8
12-3/8
8-1/4
8-3/4
9-1/4
10-3/4
10-3/4
Nov.
Jan.
13
May
Nov.
May
Nov.
Aug.
Nov.
1982-W..
1982-X..
1982-C..
1982-F..
1982-Y..
1982-L..
1982-2..
1983-A..
1983-M..
1983-N..
1983-D..
1983-P..
1983-C..
198 3-G..
1983-E..
1983-J..
1983-K..
198 3-F..
1983-6..
1983-L..
1983-H..
1984-A..
1984-D,.
1984-C..
1984 -C.
1984-E..
1984-B..
1984-J..
1984-F..
1984-H.,
1985-A..
1985-C..
1985-C..
1985-D..
1985-B..
1985-E..
1985-F..
1986-C..
1986-D..
1986-A..
1986-B..
1987-B.,
1987-C..
1987-A..
1988-C..
1988-A.,
1986-8.,
1989-A.,
1989-B.,
1990-A..
1990-B.,
.,120
.,823
435
780
2
1,966
1,205
>,955
',958
.,191
S438
:,930
1,600
!,573
1,618
1,123
.,285
.,670
1.802
39
365
474
350
2,157
464
439
12
750
165
851
426
1,121
3,200
284
104
1,935
221
1,438
3,928
l,91i.
531
2,863
4,662
3,369
3,620
4,203
3,792
2,539
2,719
4,837
3.293
3,087
3,188
3,460
5,219
9,515
6,238
2.472
2,387
,710
,148
,445
,628
5,779
3,762
5.701
69
500
510
390
783
349
274
1,486
284
38
290
1.665
1.379
911
1,000
973
707
675
852
911
983
1,318
956
486
1.060
1,754
1,139
459
1,942
1,18
624
tors
jA
tru::t
!Mr;df
2,672
1,277
1.193
3,n37
1,097
1,435
3,532
1,599
135
166
i/
100
119
3,704
3,476
4.328
1, '38
4,179
1,115
790
1,251
1,127
1,150
792
1,
1.853
2.050
1.649
1,262
2,107
561
1,500
681
1,074
963
1,4/
2,586
1,328
1.592
2,793
1.900
1,462
2,884
2.411
Z,352
1,748
2.822
1,601
1,503
1,717
2,128
2,662
2,696
2.944
2.416
4,833
2,839
1,530
1.139
2.187
1.657
1.584
1,508
3,051
2.285
4.381
717
722
631
727
470
563
738
593
689
708
1,014
868
200
273
575
1,783
1,08 3
190
2
H7
1,2U
322
1,158
2,010
1,686
498
616
orporate
pension
other
InveS'
LV8
310
associations
Held by
61,230
54
344
266
298
103
173
285
82
396
490
188
Exchange Series
6,741
Total Treasury Notes.
2,269
Bonds :
4-1/4
3-1/4
7
"Hay
June
Aug-
6-3/8
6-3/8
3-1/4
6-1/8
4-1/4
Feb.
Aug.
4
May
Nov.
Aug.
1975-35..,.
1978-83
1981
1982
1984
1985
1986
7-1/2
Feb.
Aug.
4-1/8
May
3-1/2
Feb.
8-1/4
7-1/4
6-3/4
7-7/8
May
1987-92
1988-93
1988-93
1989-94....
1990
1990
Aug.
Feb.
Feb.
1992
1993
1993
7
May
Aug.
1993-93
1993
1993
8-5/8
8-5/8
Nov.
Feb.
May
10-1/8
3
10-1/2
7-7/8
12-5/6
10-3/8
8-3/8
11-1/2
8
3-1/2
8-1/4
11-3/4
7-5/8
7-7/8
8-3/8
8-3/4
9-1/8
10-3/8
11-3/4
10
12-3/4
Aug,
Nov.
Feb.
Feb.
Feb.
May
May
Aug.
Nov.
Aug.
Nov.
May
F^b.
Feb.
Nov.
Aug.
Nov.
May
Nov.
Feb.
May
Nov,
1994
1994-99....
1994
1994
1995..
1995
1995-2000..
1995
1995
1995-2000..
1995
1996-2001.,
1998
2000-05
2001
2002-07
2002-07
2003-08
2003-08
2004-09
2004-09
2005-10
2005-10
2005-2010.,
Total Treasury Bonds
Total Marketable Public Debt
Securities
FootnCes at end of Table TSO-5.
955
,180
807
!,702
!,203
629
347
217
410
1,016
1,011
692
1,249
172
246
1,021
864
1,089
140
42
,91i,
1,321
422
86 3
407
890
,504
627
,501
692
,768
,509
1,010
1,414
,506
646
644
92
92
..502
409
1,503
1,504
4,662
1,482
1.575
1.541
4,246
1,501
4,249
1,495
2,103
5,230
4,606
4,201
2.647
2.987
3
209
153
226
129
710
551
2.178
4.736
1,554
265
749
1,626
725
820
805
1,121
484
9,323
26,279
373
370
165
163
250
114
598
45
207
SS2
368
1.290
982
2.277
574
1,245
1.252
248
204
145
355
1.2 58
220
315
136
1.370
961
700
1.595
1,300
486
728
1,536
1,312
1,448
755
1,004
2,641
3.204
2.754
1.620
1,632
3.559
47,041
51
247
173
2
117
490
509
520
315
64
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP.
March
31,
1981
Table TSO-4. - Securities Isiaed by Government Agencies
May
1981
63
.MARKET QUOTATIONS ON TREASURY SECURITIES,
April 30, 1981
listed include all regularly quoted public marketable secu-
Current market quotations shoun here are over-the-
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.
Table MQ-1.
Amount outstanding
(millions)
States Government are excluded.
The securities
-
Treasury
Bills
66
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES,
Table MQ-2.
-
Treasuiy Notes-Continued
April 30, 1981
May
1981
67
.MARKET QUOTATIONS ON TREASURY SECURITIES,
Table MQ-3.
-
Treasury Bonds
April 30, 1981
68
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES,
o
M.ay 1981
69
AVERAGE YIELDS OF LONG TERM BONDS.
Table AY-1.
Treasury
bonds 1/
Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
Apr.
May,
June
July
Aug.
Sept
Oct,
Nov.,
Dec,
Jan.
Feb.,
Mar.
Apr.
May.
June
July,
Aug.,
Sept
Oct.
Nov.
Dec.
6.86
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
corporate
bonds 2/
New Aa
municipal
bonde 2/
New Aa
corporate
bonds 2/
Treasury New Aa
New Aa
corporate
bonds 1/
muiicipal
bonds 2/
bonds 2/
Monthly series - averages of dally or weekly series
Treasury
bonds 1/
New Aa
ninicipal
bands 2/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
mmicipal
bonds 2/
Treasury Bulletin
70
AVERAGE YIELDS OF LONG -TERM BONDS.
Uay
1981
11
.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 payinents
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
in the International Monetary Fund,
Special Drawing Account
holdings of convertible foreign currencies, and reserve position in the International Monetary Fund.
Table IFS-5 sets forth the factors which affect the
United
States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
foreign official institutions, and liquid liabilities to
other foreigners, which are used in the United States
all
balance -of -payments statistics.
weighted-average
Table IFS-6 presents a measure of
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
to
Table IFS-1.
U.S.
Reserve Assets
(In millions of dollars)
End of
calendar year
or month
Gold stock II
Total
reserve
assets \j
Treasury
(U
Special
drawing
rights U
Foreign
currencies 5/
Reserve
posi tion in
International
Monetary Fund
1<)71
12,167
7
10,206
0,1 12
1
1<)72
13,151
8
10,487 8/
0,410 8/
1,958
1973
14,378
9
11,652 9/
1,567 9/
2,166 9/
1974
15,883
11,652
1,652
2,374
1975
16,226
11,599
1,599
2,335
80
2,212
1976
18,747
11,598
1,598
2,395
320
4,434
1977
19,312
11,719
1,719
2,629
18
4,946
1978
18,650
11,671
1,671
1,558
4,374
1,047
1979
18,956
11,172
1.172
2,724
3,807
1,253
2,610
100
8/
276 1/
585
241
465 8/
552 9/
5
1,852
1980
26,756
11,160
1,160
10,314
2,852
1980-Apr.
May.
June
21,644
21,917
21,943
11,172
11,172
11,172
1,172
1,172
1,172
3,697
3,744
3,782
5,681
5,844
5,604
1,094
1,157
1,385
July
Aug.
Sept
Oct.
Nov.
Dec.
21,845
22,691
22,994
23,967
25,673
26,756
11,172
11,172
11,168
11,163
11,162
11,160
1,172
1,172
1,168
1,163
1,162
1,160
3,842
4,009
4,007
3,939
3,954
2,610
5,421
5,946
6,154
7,194
8,735
10,134
1,410
1,564
1,665
1,671
1,822
2,852
28,316
29,686r
30,414r
11,159
11,156
11,154
11,154
1,159
1,156
1,154
1,154
3,628
5i633
10,662
11,783
11,895
11,251
3,114r
3,452r
3,5S1
I9ei-Jan.
Feb.,
Mar..
Apr.
1^/
2/
2'>,ti^K
Beginning July 1974, the IMF adopted a technique for valuing the
special drawing right (SDR) based on a weigh ted -average of exchange
selected member countries. The United
rates for the currencies of
States SDR holdings and reserve position in the IMF are also valued on
this basis beginning July 1974,
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the International Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
For corresponding labilities see Table
Fund under quota increases.
4/
W
Includes gold held by the Exchange Stabilization Fund (ESF). See
'Account of the U.S. Treasury," Table UST-3.
Includes allocations of SDRs in the Special Drawing Account in the
International Monetary Fund, plus or minus transcations in SDRs,
Allocations of SDRs on January 1 of respective years are as follows:
1970, S867 million; 1971, $717 million; 1972, $710 million; 1979,
874 million (in SDR terms); 1980, 874 million (in SDR terms); and
1981, 857 million (in SDR terms).
Includes holdings of Treasury and Federal Reserve System; beginning
November 1978, these are valued at current market exchange rates or,
where appropriate, at such other rates as may be agreed upon by the
parties to the transactions.
2,867
The United States has the right to purchase foreign currencies
equivalent to its reserve position in the Fund automatically if
needed.
Under appropriate conditions the United States could purSee
chase additional amounts related to the United States quota.
Table IFS-5.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31. 1971.
See also footnotes 3 and 4, Table IFS-4.
Total reserve assets include increase of $1,016 million resulting
from change in par value of the U.S. dollar in May 1972, consisting
of $828 million total gold stock, $822 million Treasury gold stock,
$155 million special drawing rights and $33 million reserve position
in the International Monetary Fund.
Total reserve assets include increase of $1,436 million resulting
from change in par value of the dollar on October 18, 1973, consisting of $1,165 million total gold stock, $1,157 million Treasury
gold stock, $217 million special drawing rights, and $54 million
reserve position in the International Monetary Fund.
Revised,
'
IFS-2.
2/
3,913
3,712
9/
]_/
(e)
(41
It)
(2)
V
b/
.
.
Treasury Bulletin
72
.INTERNATIONAL FINANCIAL STATISTICS;
Table IFS-2.
-
Selected U.S. Liabilities to Foreigners
(in milltons of dollars)
Liabilities to foreign countries
Official insti tut ions 2/
Liabilities
to IMF
arising from
gold transactions 1/
End of
calendar
year or
month
Liabilities
reported
by banks
in U.S.
Marketable U.S.
Treasury
bonds
and
Liabilities to
other foreigners
Nonmarke table U.S.
Treasury
bonds and
notes 4/
Other
readily
marketable
liabil-
notes 3/
(1)
W
1971
544
544
11/...
1972 10/
1973
93,642
12/
(7)
C6)
51,209
50,651
39,823
39,162
1,955
1,955
9,431
9,534
61,526
61,526
40,093
40,093
5,236
5,236
15,747
15,747
66,86112/t4,233
6/
450
450
in U.S.
(!)
(8)
(12)
9/
(13)
10,519
11,206
4,329
4,350
3,747
3,7 50
447
447
14,925
14,925
5,-130
5,130
4,705
4,705
425
425
2,188
2,206
135
153
1,974
1,969
2,764
1,363
2,222
2,222
30,575
30,367
8,832
8,991
8,384
8,493
498
498
4,144
4,144
50,461
54,956
65,822
6,671
11,788
32,165
19,976
20,648
20,443
3,604
4,583
7,650
29,881
37,950
43,250
10,801
13,791
16.466
10,100
12,814
14,736
701
977
1,730
6,038
8,752
8,031
90,998r
78,206r
35,894
37,590
20,970
17,387
9,015
9,993
59,815r
90,228r
19,992
26,967
16,070
18,642
2,327
3,056
1,595
5,269
.7,790
86,624r
41,430r
14,654
14,229i: 100,129
31,315r
68,582r
71,352r
74,926r
37,643
38,068
39,786r
16,384
16,184
15,954
11,340
11,421
12,025r
94,348r
94,315r
92,063r
28,059r
27,776r
29,124r
18,252
17,866r
19,108r
3,380r
3,473r
3,579r
6,437
6,437
6,437
8,151r
7,694r
7,931
146,498r
147,991r
149,580r
149,974r
155,916r
156,937r
77,268r
79,411r
80,203r
79,127r
84,650r
86,624
40,548r
39,803r
15,954
15,654
15,254
15,254
15,254
14,654
12,728r 92,920r
13,123r 103,729r
13,322r 93,058r
14,128r 98,013r
14,246r 100,529r
14,229r 100,129
28,135r
28,859r
29.432r
29,490r
30,960r
31,315r
18,088
18,665r
19,056r
18,874
19,854r
19,914
3,610r
3,757r
3,939r
4,179
4,669r
4,964r
6,437
6,437
6,437
6,437
6,437
6,437
7,222
6,971r
7,288
7,248r
6,864r
6,965r
155,287
154,751
162,254
«3,530
81,607
87,636
42,295
43,700
44,784
1.4,654
14,808
14,950
15,540
31,833
32,824
33,162
20,209
20,869
21,106
5,18:'
6,43^
6,437
6,437
6,529
6,662
6,812
127,432
152,468
193,827
80,712
91,975
126,080
1976
1979
244,427r
268,161r
156,e77r
143,176r
1980-Apr
May
June
264,517r
266,810r
271,809r
133,949r
137,025r
142,691r
July
Aug
Sept
Oct
Nov
Dec
274,775r
287,550r
279,358r
284,725r
294,269r
295,346r
794,022
294,645
298,898
1
1980
40,801i:
41,465r
41,766r
41,430r
14,494
14,294
Table Is based on Treasury Department d?^a and on data reported
to the Treasury Department by banks and brol -s in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Fed-
Note;
1/
(11)
'
V
16,339
16,339
1975
1976
1977
Feb. p
Mar. p
Nonmarke table U.S.
Treasury
bonds and
notes 8/
15,564 12/
120,417
120,325
19R1-Jan
Marketable U.S.
Gov t
bonds
II
5,059
5,059
76,816 . 53,196
76,823
53,203
1974 10/
I
Liabilities
reported
by banks
banks
ities 5/
(i)
(2)
Liabilities
Liabili ties
to nonmonetary international and regional organizations
erally-sponsored agencies and U.S. corporations. Table excludes
InterTiational Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-earning
assets.
Includes Bank for International Settlements
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 f-orelgn currencies to foreign banks and to
"other foreigners."
.
7/
?/
11/
12/
100,3 73
100,408
96,670
5,518
5,619
7,743
Includes marketable U.S. Government bonds and notes held by foreign
banks
Includes nonmarketable U.S. Govemfllent bonds and notes held by
foreign banks.
Principally the International Bank for Reconstruction and Developmenr,
the Inter-American Development Bank and the Asian Development Bank.
Data on the two lines shown for this date differ becau.se of changes
in reporting coverage*' 'jFigures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to t^ose shown for the following date.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
are increased in value to reflect market exchange
rates as of December 31, 1971, as follows: U.S. Treasury certificates,
$7 million; nonmarketable U.S. Treasury bonds and notes, column 6,
$103 million and column 12, $18 million.
Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and iiii— ihal alii
U.S. Treasury notes, $147 million.
Pr«llaln«ry
r
Revised.
ii
)
May
1981
73
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-S.
*
U.S.
Liabilities
to
Official
Institutions of Foreign Countries, by
Area
(In millions of dollars)
calendar year
for. ign
Western
Europe
or month
coun tries
1/
End of
Tot.
1
(
1971 3/ 4/.
1972.
1973.
1)
Latin American
and Caribbean
Republics
Other
countries
2/
(7)
(2)
,209
,651
30,010
30,134
3,980
3,980
1,414
,429
415
415
871
1
14,519
13,823
,526
,861 5/
34,197
45,764 5/
4,279
3,853
1,733
2,544
17,577
10,887
777
788
2,963
3,025
76, 816
870
76, 823
44,328
44,328
3,662
3,662
4,419
4,419
18,619
18,626
3,161
3,161
2.627
2,627
1975.
1976.
1971.
80, 712
91, 975
126, 080
45,701
45,882
70,748
93,089
85,633r
46,457r
2,983
1,893
1,742
2,408
2,412
1,897
1,782
q47
156, 877r
143, 176r
4,448
4,906
4,633
5,033
6,280
22,551
34,108
45,676
1978
1979
3,132
3,406
2,334
2,486
1,898
1980
156, 937r
81,592
1,562
5,665r
63,143r
4,123r
852r
1980-Apr...
May
June,
133, 949r
137, 025r
142, 691r
74,199r
74,204r
75,351r
1,903
2,134
2,157
5,888
5,941
5,932
47,895r
50,912r
55,675r
3,316
2,889
2,694
945r
882r
July..
Aug. .
Sept..
Oct...
146,498r
147,991r
149,5e0r
149,974r
155,916r
156,937r
78,191r
78,549r
76,967r
75,989r
30,884r
81,592
1,907
2,156
1,901
l,670r
l,393r
1,562
6,287r
6,039r
6,590r
5,996
5,707r
5,665r
56,446r
57,479r
60,3 56r
61,710r
b3,143r
2,930
3,281
3,232
3,520
3,866r
4,123r
l,267r
852r
155,287
154,751
162,254
80,434
78,334
79,974
1,174
1,089
1,437
5,443
5,228
6.353
63,066
65,034
69.236
3,973
3,948
4,089
1,197
1,118
1,165
.
Nov
.
. .
Dec .
.
.
'l981-Jan...
Feb p
Mar. p.
.
•Note:
Data represent short-term and long-term liabilities to the official institutions of foreign countries, as reported by banks in the
United States; foreign offici al holdings of marketable and nonmarketable U.S. Government securiti es with an original maturity of more
than one year except for nonm arketable notes issued to foreign official nonreserve agencies; and nvestments by foreign official reserve
agencies in debt securities o f U.S. Government corporations,
Federally-sponsored agencies. and private corporations,
Includes Bank for Internation al Settlements
1/
Includes countries in Oceania Eastern Europe and Western European
2/
dependencies in Latin America
Data on the two lines shown f or this date differ because of changes in
3/
reporting coverage. Figures on the first line are comparable in
!*_/
5^/
p
r
53,105t-
62, 7«9r
751t
496r
748r
737r
48 7r
534r
l,089r
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
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $101 million to reflect market exchange rates
as of December 31, 1971.
Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
Revised.
,
.
.
Treasury Bulletin
74
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
Payable in dollars
Grand
total
Germany
a)
(2)
Swi tzerland
(3)
Other
Europe ^/
Canada
(5)
(6)
54
42
2,640
2,840
2,540
2,540
2,100
1,650
700
1971
1972
1973
1974
1975
1976
1977
9,809 4/
15,872
15,669
16,339
19,976
20,468
20,443
7,829
14,333
14,210
14,867
18,377
19,102
19,274
5,000
11,315
11,670
12,327
16,277
16,879
17,467
573
506
1978
22,565
20,624
17,467
2,707
450
1979
22,656
17,387
16,607
630
a50
V
1980
21,091
1980-Apr.
May.
June
July,
Aug.
Sept,
Oct..
Nov..
Dec.
1961-Jan..
Feb-.
Mar..
Apr,
End of
calendar
year or
month
14,t)D4
14,607
22,821
22,621
22,391
16,384
16,184
15,954
16,007
15,807
15,807
277
277
100
100
100
22,391
22,091
21,691
21,691
21,691
21,091
15,954
15,654
15,254
15,254
15,254
14,654
15,807
15,507
15,107
15,107
15,107
14,607
47
47
100
100
100
100
100
21,091
20,931
20,731
20,731
14,654
14,494
14,294
14,294
14,607
14.447
14,247
14,247
47
47
2_l
135
135
Ray
75
1981
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
U.S.
Position in the International Monetary Fund
(
In millions of dollars)
Transactions affecting IMF holdings of dollar
during period
Calendar year
or month
U.S.
Pay-
ments of
sub-
scription in
dollars
1971
1972
1973
1974
1975
1976
1977
541
754'
1979
ings by
IMF 2/
IMF net
income
dollars
cies
(2)
Purchases
of
(5)
Repurchases
Total
change
dollars
(6)
C7)
(8)
218
-28
-47
-33
-59
-219
-572
-628
-1,073
-442
-2,078
-1,779
1,893
376
233
312
-631
-499
-1,157
-2,110
2,783
2,110
5,588
-187
5/
5/
1,350
694
721
-1,265
-466
-2,214
198U
4,090
-11
-69
19»0-Apr.
May.
June
1&5
-49
-16
-9
-36
-61
-16
July
Aug.
Sept
Oct.
Nov.
Dec.
-99
-145
-153
-171
-38
54
64
147
-111
360
4,021
,
1981-Jan.
Feb..
Mur.
Apr.
Amount
dollars
y
i4)
1,362
200
10
1978
Net
borrow-
Transactions
1/
(1)
Transaction by
other countries
with IMF
transactions with IMF
Net
gold
sales
by IMF
IMF holding
of dollars at
end of period
-425
-427
166
-228
112
-324
(9)
6
f,/
Treasury Bulletin
1(S
.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)
May
77
1981
MOVEMENTS.
.CAPITAL
Background
between the United
Data relating to capital movements
1935
States and foreign countries have been collected since
Orders Nos.
under Treasury regulations pursuant to Executive
and
6560 of January 15, 1934 and 10033 of February 8, 1949,
Reports
of 1976.
the International Investment Surirey Act
bank holding
are filed with Federal Reserve Banks by banks,
nonbanklng
companies, securities brokers and dealers, and
on
the princiStatistics
enterprises in the United States.
then conpal types of data and the principal countries are
solidated and are published in the monthly Treasury Bulletin
.
y
used in the TreaThe reporting forms and Instructions
sury International Capital (TIC) Reporting System have been
to
revised a number of times to meet changing conditions and
Recent
increase the usefulness of the published statistics.
program
broad
revisions to the reporting forms are part of a
conducted over the past several years to ensure the adequacy
analysis and
of the Treasury capital movements statistics for
policy formulation with respect to the International financial
position of the United States and an movements of capital beRevised fonns
tween the United States and foreign countries.
of other
and instructions are developed with the cooperation
Government agencies and the Federal Reserve System and in conand
firms
securities
sul tations wi th representatives of banks,
nonbanklng enterprises.
Th=most recent revisions of the TIC B-serles Forms filed
States, became effecby banks and some brokers In the United
,
1978;newdata series were
tive with reportsasof April 30,
Substantial
Introduced In the July 1978 Treasury B ulletin.
revisions of the C-series Forms, filed by nonbanklng enterprises, were effective with reportsasof December 31, 1978;
1979
the new data series are shown beginning with the June
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
institutions and individuals domiciled outside
covers all
domic i led
the United States including United States citizens
abroad, and the foreign branches, subsidiaries and of f ices of
cantril
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 term "foreigner" also Includes persons In the United States to the extent that they are known by reporting Institutions to be acting on behalf of foreigners.
,
the foreign
reported opposite
data are
In general,
is
area in which the foreigner
or geographical
country
domiciled, as shown on the records of reporting institutions.
For a nunber 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,
the
and so may not be aware of the country of domicile of
Furthermore, U.S. liabilities arising
ultimate bsneflciary.
reported
^re
banks
from deposits of dollars with foreign
generally in the Treasury statistics as liabilities to foreign
banks, whereas the llabi lity of the foreign bank receiving the
depositmay be to foreign official institutions or residents
of another country.
Data pertaining to branches ar agencies of foreign
opposite the country to
official institutions are reported
which the official institution belongs. Data pertaining to
International and regional organiaa t ions 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
were
A niraber of changes in geographical classification
Introduced for most Capital Movements tables in the July 1978
"Eastern
in
included
Several countries formerly
Issue.
shown
Europe" and in "Other Latin American Republics" are
separately in the country list as we 1 as a new category in
the International and Regional grouping for "Middle Eastern
Regional" in view of the proliferation of regional financial
organizations, primarily in the Arab States. The remaining
countries in the categories "Other Eastern Europe" and "Other
Western Europe" were combined into a single "Other Europe
retitied
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.
1
Reporting Coverage
Reports are required from banks, bank holding companies
enterprises
securities brokers and dealers, and nonbanklng
in the United States, Including the branches, agencies, subof forUnited
States
affiliates
in
the
sidiaries and other
Institutions
that have reportable liabilitieign firms.
tles, claims, or securities transactions below specif led exemption levels are exempt from reporting.
,
liaBanks file reports monthly covering their dollar
bilities to, and dollar claims on, foreigners in a number ftf
countries. Twice a year as of June 30 and December 31, they
also report the same llabili ties and c laims 1 tems with respect
to foreigners in countries not shown separately on the monthly
Beginning with reports duo as of June 30, 1978,
reports.
claims
banks also report quarterly their liabilities and
curvis-a-vis foreigners that are denominated in foreign
the
rencies.
The specified exemption level applicable to
monthly reports is $2 million and is based on the average
including
for the report dates during a six-month period,
There are no separate exemption
the current report date.
recortc.
semiannual
and
quarterly
for
the
levels
Banks, securities brokers and dealers, and In some instances nonbanklng enterprises report monthly their transactions in securities with foreigners; the applicable exemption
level is 5500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports arc filed by exporters. Importers,
industrial and commercial concerns, financial institutions
other than banks and brokers, and other nonbanklng 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 theirU.S. dollardenominated deposit and certificate of deposit claims on banks
abroad of $10 million or more.
Description of Statistics
to
Section I presents data in four tables on llabili ties
Beginning
foreigners reported by banks in the United States.
shown
April 1978, amounts due to banks' own foreign of flees are
separately; the previous distinction between short-term and
sepalong-term liabilities has been eliminated; there is a
ration of the liabilities of the reporting banks themselves
foreign
and
from their custody liabilities to foreigners;
Also,
currency liabilities are only reported quarterly.
combeginning April 1978, the data on liabilities are more
the
plete by extending to securities brokers and dealers
and
requirement to report certain of their own liabilities
all of their custody liabilities to foreigners.
foreign
Table CM-I-1, showing total llabili ties by type of
as
holder, combines liabilities previously shown separately
and B,
either short-term or long-term. Table CM- 1-2 Parts A
shows total
on foreigners' holdings of liabilities by type,
Table CM-I-3
bank reported liabilities payable in dollars.
presents total liabilities by country for recent periods and
Includes the long- term da ta previously shown separately;whereliabilities by type and country
covering total
as CM-I-4,
includes several data items not
for the most recent month,
The liabilities
reported separately prior to April 1978.
Table
data on supplementary countries previously presented in
below.)
CM-I-5 now appear In Table CM- III-l. (See Section III
,
Treasury Bulletin
78
.CAPITAL
MOVEMENTS.
Section II presents the claims on foreigners reported by
banks in the United States.
Beginning with data reported as
of the end of April 1978, banks' claims held for their own acacount are reported separately from claims held for their domestic customers.
The former are available in a monthly series
whereas the latter data are collected on a quarterly basis
only. Also, there is no longer a breakdown available on the
long-term and short-term components of banks' claims. Maturity data are collected quarterly on a time remaining to maturity basis as opposed to the historic original maturity classification.
Foreign currency claims are also collected only
on a quarterly basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published separately.
Table CM-II-2, showing total claims by type, is based on the
revised banking reports.
Table CM-II-3, which represents
total claims by country, merges the previously reported shortterm and long-term claims data 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;
provincial
State,
and local governments of foreign countries
and their departments and agencies; and any international or
regional organization or subordinate or affiliated
agency
thereof, created by treaty ^x convention between
sovereign
states.
;
,
Section III includes two supplementary tables on U.S.
banks' liabilities
to, and claims
on, foreigners.
Table
CM-III-1 summarizes dollar liabilities to, and banks'
own
dollar claims on, countries and areas not regularly reported
separately.
Beginning with reports due as of June 30, 1978,
these data are collected semiannually.
Previously, the
semiannual reports were addressed to liabilities items only
and were reported as of April and December; however, they
are now collected as of the end of June and December.
Table
CM-III-2 presents data on U.S. banks'
loans and credits to
nonbank foreigners, based on the TIC reports and on
the
monthly Federal Reserve 2502 reports submitted for foreign
Ui.o;.ches of U.S. banks.
Sections IV and V, respectively," show the liabilities 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 wi th their foreign parent companies.
(Such transactions are reported by
business enterprises to the Department of Commerce on
its
direct investment forms.) The data also exclude claims held
through banks in the United States.
Beginning with data
published in June 1979 (reported as of December 31, 1978),
,
J^/
there is separation of the financial liabilities and claims
of reporting 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.
In
Section IV, Table CM-IV-1 combines
liabilities
previously shown as either short-term or long-term in old
Table CM-IV-1; Table CM- IV- 2 combines
these
shortterm and long-term liabilities by country and replaces previous Tables CM-IV-2 and CM-IV-4.
Table CM-IV-3, covering
total liabilities
by type and country
for the most recent
quarter-end, includes several items not reported separately
prior to December 1978.
The tables in Section V have been extensively revised
to reflect
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-*,
CM-V-5 and CM-V-6 no longer appear.
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-4). The data covernew issues
of securities, transactions ip outstanding issues, and redemptions of securities. They include transactions executed
in
the United States for the account of foreigners, and transactions executed abroad for the account of reporting institutions and their domestic customers.
The 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.
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 wi th United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries.
Beginning with
data for 1969, transactions between foreigners in new issues
not off ered for sale to United States residents but managed by
underwriters in the United States are exc luded 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 transactions of business enterprises in
the United States with their own branches and subsidiaries
abroad or with their foreign parent companies, and capital
transactions of the United States Government.
Consolidated
data on all types of international capital transactions are
published by the Department of Commerce in its regular reports
on the United States balance of payments.
Copies of the reporting forms and instructions may be obtained from the Office of International Financial
Reports, Office of the Assistant Secretary for International Affairs, Department of the Treasury,
Washington, D.C,
20220, or from Federal Reserve Banks.
Ray
1981
79
CAPITAL
Section
I
-
Liabilities
to
MOVEMENTS
Foreigners Reported by Banks in the United States
Table CM-I-1.
-
Total Liabilities by Type of Holder
(In millions of dollars)
international and regional
Foreign countries
End of
calendar year
or month
Total
liabilities
Banks and other foreigner
Official institutions 1/
Payable
in dollars
Payable
in dollars
Payable
in foreign
currencies
Payable
in foreign
currencies
Payable
in dollars
(10)
<1)
56,306
L 56,331
I
1971 3/
39.823
39,162 5/
39.665
38,988 5/
158
165
14,267
14.956 5/
14,019
14.703 5/
^
2,217
2,213 4/
248
248
2,21?
2,213
1972
61,689
40,093
39,922
171
19,629
19,283
346
1,968
1,968
1973
70,535
44,233
44,105
12 7
23,587
23,117
468
2,716
2,716
96,128
53,196
53,203
53,069
53,076
12
^ 96,056
38,959
38,860
38,320
38,221
639
639
3,973
3,992
3,973
3,992
1975
96,147
50,461
50,461
39,982
39,430
552
1976
111,430
54,956
54,956
50,764
49,987
1977
127,065
65,822
55,822
57,985
57,071
19-0
169,504r
90,998r
1979
189,438r
78,206t
1980
209,045
86,624
l98UrApr-.v^
May
June..
183,676r
186,764r
189,628r
July..
Aug
Sept..
Oct...
Nov.
D«c .
f
1974 3/
.
.
1951- Jan...
Feb. p
Mar. p
Payable
in foreign
currencies
7
127
914
5.704
5,696
5,710
5,705
3,256
3,245
75,885r
71,493r
^,392r
2,621
2,607
I08,870r
I06,958r
l,912r
2,362
2,356
86,624
120,043
116,329
),7I4
2,378
2,344
68,582r
71,352
74,926r
68,582r
71,352r
74,926r
112,600r
112,181
lll,171r
llO,211r
108,454r
2,389r 8/
2,389r 8/
2,717r
2,493
3,231
3,531
2,479
3,217
3,509
19l,201r
204,648r
194,905r
I98,785r
207,547r
209,045
77,268r
79,411r
80,203r
79,127r
84,650t
86,624
77,268r
79,4llr
80,203r
79,l27r
84,650r
86,624
lll,008r
122,394r
Il2,ll4r
116,887r
120,383r
120,043
108,291r
119,677r
109,397r
114,170r
117,666t
116,329
2,717r
2,717r
2,717r
2,717r
2,717r
3,714
2,925
2,843
2,588
2,514
2,378
2,903
2,821
2,551
2,734
2,477
2,344
206,107
204,921
207,305
83,530
81,607
87,636
83,530
81,607
87,636
120,582
116,868
117,563
114,062
3,714 8/
3,714 8/
3,714 8/
1,995
2,037
1,893
1,961
2,003
1,859
)0,742r
78,206r
I09,7!)2r
I
121-,277
117,776
8/
8/
I
S/
8/
2,7-71
5
80
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
1
-
Liabilitieg
Table CM-I-2.
to
-
Foreigner* Beported bj Banke in the United Stfttaa
Total Liabilities by Type, Payable in Dollara
Part A
-
Foreign Conntriei
May
1981
81
.CAPITAL MOVEMENTS.
Section
I
Liabilities
-
Table CM-I-2.
Part B
-
-
to
Foreigners Reported by Banks in the United States
#
Total Liabilities by Type, Payable in Dollars— Continued
Nonmonetary International and Regional Organizations
(In millions of dollars)
Deposi ts
End of
calendar year
or month
Demand
Time 1/
(4)
{2'l
1971
2/
1972
1,814
73
1,968
86
192
1973
3,973
3,992
1974 2/
U.S. Treasury
bills and
certificates
139
139
111
111
1975
1976
211
Other
liabilities 1/
(5)
1,342
1,338
326
1,354
296
2,236
497
497
3,226
3,245
2,554
2,855
205
2,701
2,509
1977
3,245
231
139
706
2,169
1978
2,607
330
84
201
1,992
1979...
2,356
260
151
102
1,844
2,479
3,217
3,509
241
144
99
93
2,903
2,821
2,551
2,734
2,477
2,344
214
171
141
115
187
146
93
101
100
95
92
85
1,961
2,003
1,859
212
186
126
67
1980
85
1980- Apr
Hay
June.
July..
Aug. ..
Sept.
Oct...
Nov
Dec. ..
.
.
1981-Jan.
Feb. p
Mar. p
Note:
Principally the InternationaL Bank for Reconstruction and Development and the Inter-American Development Bank; excludes Bank for
International Settlements
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other liabilities."
.
1/
254
451
1,519
1,106
581
337
254
2„00*r
1,903
1,994
1,943
1,861
1,859
368
333
1,590
1,373
1.333
592r
644
316
71
76
1,859
1,694
1,466
2,213
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Preliminary.
Revlded.
82
Treasury Bulletin
-CAPITAL MOVEMENTSSection
I
-
Liabilities
to Foreigners Reported by Banks in the United States
Table CM-I-3. - Total Liabilities by Country
(Position at end of period in millions of dollars)
Calendar yeai
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic,
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdott
U.S.S.R
:
5U
2,780
499
456
12,256
,
9,338
74
,
,
,
,
,
,
,
,
826
103
7,778
2,416
1,273
107
332
23
3,126
18,652
318
14.617r
,
Yiigoslavia
,
Other Europe
,
2
13,105
636
56
7,808
2,361r
1,273
130
559
16
1,275
2,009
18,103
224
24,851r
82
53
54
266
4,071
3,460
10,145
670
61
7,621
2,475
1,353
122
376
31
1,514
1,755
16,952
681
6,940
Total Europe
Canada
:
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemal a
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Tr inldad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
:
,
,
,
,
,
,
,
,
621
1.141
6,086
398
1,763
,
,
,
,
,
,
,
1,600
15,296
462
1,010
ll,559r
468
2,624
13
6
425
414
371
367
97
52
76
3,479
308
2,970
363
216
231
3,825
4,212
499
4,491
383
518
202-
4,569
413
5,521
404
495
4.196
254
3,185
1,802
1,639
503
1,260
1,394
1,677
1,662
794
532
505
709
,
,
,
,
,
,
,
,
,
,
449
688
21,955
803
166
176
264
8,981
995
217
166
374
545
370
22
1/,
Total Asia
Africa
Egypt
Ghana
Liberia
Marocco
South Africa
Zaire
Oil -exporting countries 2/
Other Africa
427
7,537
286
15,322
,
,
:
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...
Grand total
732
1,219
13,341
460
3,086
13
,
Asia:
ChlQa:
Mainland
Taiwan
Total international
and regional
2,191
16,433
323
426
Total Latin America and
Caribbean
Hong Kong
Indie
Indonesia
Israel
Japan
Korea
Lebanon
Malays ia
Pak i Stan
Philippines
Singapore
Syria
Thailand
Oil-exporting coun+riea
Other Asia
1,648
6,75'3
141
33
187
,
110-
,
,525
605
1,635
617
3,243
May
83
198!
-CAPITAL MOVEMENTSSection
I
-
Foreigners Reported by Banks in the United States
Total Liabilities by Type and Country, as of March 31, 1981
Liabilitiei to
Table CH-I-4.
-
Preliminary
..
.
'
84
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
II
Banks
- Claims on Foreigners Reported by
Table CM-H-l.
in the
United States
Total Claims by Type
-
(OLD SERIES)
(In millions of dollars)
Payable in dollars
End of
calendar
Total
year
or nonth
L'laims
(1)
Official
Other
institutions
for-
336
2,155
2,152
3,169
3,169
1,954
2,015
3,169
3,202
1,084
1,096
534
534
352
352
3,170
2,389
1,118
635
352
2,928 2/
2,395 2/
4,122
4,113
475
475
4,243
4,254
1,407 2/
1,979 2/
864
917
549
548
315
996
1,007
3,405
3,400
5,811
5,852
3,269
3,276
3,204
3,226
2,853
3,092
886
441
441
445
445
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
90,205
30,631
2,961
15,367
12,302
6,176
14,212
39,187
2,355
941
1,415
80,476
82,033
78,510
80,065
27,065
26,590
2,663
2,662
13,002
12,532
11,401
11,396
6,317
6,417
13,087
13 , 209,
32,041
33,848
1,966
1,968
864
834
1,101
1,133
81,874
81,085
83,812
86,507
87,357
92,562
80,039
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
81,869
84,300
85,270
90,205
27,921
27,284
28,997
28,969
28,183
30,631
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,S55
794
1,006
818
900
941
1,041
1,109
1,126
1,307
1,246
1,415
94,246
93,357
98,832
98,197
91,874
91,040
96,449
95,876
29,306
29,346
32,498
32,335
3,037
3,079
3,003
3,311
13,922
14,115
16,949
16,596
12,346
12,151
12,546
12,428
6,342
6,446
6,765
6,910
13,592
13,689
13,892
13,783
42,634
a, 559
43,293
42,847
2,371
2,317
2,383
2,321
940
895
948
1,034
1,432
1,422
1,435
1,288
1970
13,877
13,242
5,749
623
1971 1/ 2/.
16,837
16,939
15,973
16,022
7,848
7,314
798
^:20,42'5
20,739
19,539
lQ,g53
10,213
10,259
1975
1976
25,719
^6,235
59,767
81,135
25,985
44,958
58,307
79,302
1977
92,562
'"'-Jfey...
June.
July..
Aug...
Sept..
Oct...
Feb.
.
Mar...
Apr
Note:
78,<)70
806
U,894
Total claims Include claljns previously classified as either
"short-term" or "long-term" on the Treasury reports filed by banks.
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.)
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.
-
J
181
181
369
802
730
8a
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
of the U.S. agencies and branches of foreign banks on their head
offices and foreign branches which were previously reported as loans
are included In "Other claims"; and a number of reporting banks are
Included in the series for the first time.
A monthly maturity breakdovm was discontinued vlth new reports
1/
(1^)
(11)
466
764
764
.
(10)
903
6,087
6,084
1978-Jan.
(9)
2,854
12,295
12,397
Dec...
(8)
Other
claims
1,733
12,828
12,930
Nov
Other
claims
(6)
1969 i/....
197,i
Deposits
of
reporting
banks and
domestic
customers
with foreigners
3,614
6,323
1973
,cU8tomers(7
Acceptances
made for
account
of foreigners
(5)
(4)
11,813
1972 1/
Collections
outstanding
for
account of
reporting
banks and
domestic
1,934
(3)
iii.
"12,278
1968
eigners
Payable in foreign currencies
Total Claims by Type
(freW
SERIES)
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
End of calendar year
or quarter-end month
Total claims
Claims of
Banks
own claims
Banks
own claims
banks'
domestic
customers
Claims of
banks
domestic
customers
(5)
^
1978-June.
Sept.
Dec.
103,116
108,448
130,847
99,687
105,048
126,819
90,561
95,973
115,571
9,126
9,075
11,248
3,428
3,400
4,029
2,619
2,954
3,671
809
446
358
1979-Mar..
June.
Sept.
124,727
132,503
121,562
129,330
'^0,27;.
146 ,657
154,134
13,205
14,039
1Q,31R
20,098
3,165
3,172
3,622
2,998
2,690
2,598
3,013
2,419
475
574
609
157,132
108,357
115,291
127,334
134,036
157,781
178,455
190,732
203,935
153,951
174,702
187,026
198,768
131,349
149,522
161,537
172,66'
22,602
25,180
25,489
26.106
3,831
3,753
3,706
5,16«
2,772
2,955
3,111
1,059
798
595
962
(1)
Dec.
.
1980-Har.,
June.
Sept.
Note;
(2)
See Intro'ductory text to Capltsl Movements Section for discussion
of chaa(«a In raporting foiros and coverage for new quarterly data
filed as st Aa« M, t«78.
(.3)
4,206
'7'
579
May
83
1981
-CAPITAL MOVEMENTSSection
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-O-S. - Total ClaimB by Country
(Position at rnS of period in
mlUi
Aus rla
Belgium-Luxembourg
Bolgarl
Ciechoslovakia
Deninark
Finland
Franc
CennAQ Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norvay
Poland
Portugal
Romania
Sp^ln
Sweden
Switzerland
Turkey
United Kingdom,
U.S.S.R...
Yugoslavia
Other Europe,
Total Europe
Canada
l^ttn America and Caribbean
Argentina
Bahainas
Bermuda.
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Cuati
Jamaica
Hexli
Netherlands Antilles
Pen
Trinidad and Tobago
Uruguay
Venezuel
Other Latin America and
Caribbean
Total Latin Amerlc
Caribbean
Asia:
China;
Mainland
Ta I wan
Hong Kong
Indi
Indonei
Israel
Japan.
Korea
Lebanon
Malaysia
Paki
Philippines
Singapore
Syi
Thailand
Oil-exporting countries
Other Asia
_!/
Total Asia.
Africa :
Egypt
Ghana
Liberia
Morocco
South A£
Zal
Oil-exporting counti
Other Afrii
Total Af
Australia
All other
Total other countries
Total foreign countries
International and reglona
2/
1/
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar
the United Arab Emirates (Truclal States).
Saudla Arabia
Includes
86
Treasury Bulletin
-CAPITAL MOVEMENTSSection
Table
CM-IU.
II
-
Claims on Foreigners Reported by Banks
in the
United States
Total Claims on Foreigners by Type and Country Reported by Banks in the
VS.
as of
December
31,
1980
May
87
1981
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Banks' Own Claims, by Type
(In millions o£ dollars)
Payable in dollars
Pdyable in foreign currencies
Claims on unaffiliated foreigners
calendar year
month
reporting
banks'
own
claims
One year or less
Dec
<)3,180
98,927
119,242
JJL.
J-iL.
AIL
34,652
35,868
41,890
5,321
4,692
5,428
25,102
2 7,106
35,067
19,338
20,388
23,167
11.344
12,723
14,969
2,619
1,9 54
3,671
1.092
1,385
1,795
1,528
1,568
1,876
1 7 5
7,652
8,114
10,231
11,231
11,524
12,894
36,718
37,551
39,754
47,726
6,134
7,000
7,121
6,253
31,189
34,521
38,921
34,716
23,464
25,093
27,674
29,896
15,148
16,922
19,831
18,058
2,690
2,598
3,013
2,419
1,208
1,373
1,376
994
1,482
1,225
1,63^
1.425
57,096
64,369
67,519
72,628
8,405
8,515
9,592
10,152
12,936
12,865
13,204
14,041
46
5,466
6,511
7,216
34,116
37,258
38,792
41,962
30,331
33,573
34,661
36,463
20,087
22,284
23,533
22,714
2,772
2,955
3,111
1,212
1,048
1,126
2,506
1,560
1,907
1,985
1,700
55,909
60,105
73,681
3,134
3,711
4,633
41,431
4 3,528
53,759
4,676
4,658
6,142
50,784
55,418
62,262
7,127
58
6,753
7,089
136,45=
71,639
77,740
87,5B0
86,310
1980-Mar..
June.
Sept.
Dec.
134,121
152,477
164,648
176,868
85,195
92,839
98,986
106,858
8,670
10,036
On all
Customer
liabilother
foreigner ity on
acceptances
8,094
8,620
9,928
''-'I
111,047
117,889
347
foreign banks
On foreign On all
On foreiigr Tn
11
publ ic
other
publ ic
ther
borrowers foreigner borrowers foreigners
1979-Mar..
June.
Sept.
Dec.
no,
On unaffiliated
Deposi ts
Over one year
Ui
1978-June.
Sept.
Claims
on own
foreign
offices
Remaining maturity
End of
or quarter-end
Memorandum claims items
,
3,249
4,245
5,361
5,948
6,433
,
1
54
56,683
62,551
65,805
8,2 54
4,206
88
Treasury Bulletin
-CAPITAL MOVEMENTS-
TabU
Cll-II-6.
Section II - CUima on Foreignera Reported by Banks in tbe United Statea
Banka' Own Claima by Type and Country, Payable in Dollars, as of March 31
Preliminary
tPosition in millions of doll.
Country
1981
89
}\ay 1981
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-7.
End of calendar
year or quacterend month
-
in the
United States
Domestic Customers' Claims by Type
1
Treasury Bulletin
90
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-1.
-
Dollar Liabilities
to,
and Dollar Claims
on,
Foreigners in Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars
Total liabilities
Total banks' own claims
Country
December p
Other Europe
Cyprus
Iceland
21
37
105
236
Ire land
Monaco
Other Latin America and
Caribbean
Barbados
Belize
Bolivia
Costa Rica
Dominican Republic
El Salvador
French West Indies and
French Guian?
Guyana
Haiti
Honduras
136
13S
355
301
,,,
fJicaragua
Other Africa
Ango la
Burundi
,,,,,,..,,
Cameroon.
Ethiopia, Including Eritrea..
Guinea
Ivory Coast
Kenya
Madagascar
Mauritania
Mauritius
Mozambique
Niger
Rwanda
Sudan
Tanzania
Tunisia
Uganda
Zambia
All Other
New Hebrides..
New Zealand
Papua New Guinea
U.S. Trust Territory of
the Pacific Islands
153
24
212
166
70
12
36
210
3
6
6
193
243
216
340
275
168
217
363
253
203
403
265
21
12
21
67
163
15°
Paraguay
Suriname
Other Asia
Afghanistan
Bangladesh
Brune i
Burma
,
Jordan. ......................
Kampuchea (formerly Cambodia)
Macao
Nepa
Sri Lanka
Vietnam
Yemen (Aden)
Yemen (Sana)
33
165
186
36
63
141
165
83
19
66
73
148
170
37
197
230
68
23
13
103
36
5t
11
10
26
37
18
23
27
32
23
66
79
22
16
1'
157
15
27
185
37
187
33
14
16
36
69
2 3
196
22
125
14
May
1981
91
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary LiabiUtiea and Claims Data Reported by Bank* in the United States
Table CM-III-2-
-
Dollar
CUima ok Nonbank'
Foraifners
(Position at end of period in millions of dollars)
Dollar claims of U.S. offices
End of calendar
year or month
1978-Apr. ..
May...
June.
July.
Aug.
Sept.
.
Oc t .
Nov.
Dec .
.
.
.
.
.
I'iT'J-Jan. ..
Feb...
Mar..
Apr.
May.
June.
.
.
July..
Aug,
Sept.
Oct...
Nov..
.
Dec.
.
.
1980-Jan...
Feb...
Mar...
1/
r
8,312
8,279
8,830
65,745
69,008
70,204
96,937
98,779
99,278
98.978
100,754
102,883
17,063
17,424
17,498
18,451
19,313
20,399
9,488
10,200
11,095
11,177
12,167
13,080
70,386
71.155
70,685
69,350
69,274
69,404
101,934
102,711
103,710
103,825
104,140
105,745
19,572
19,786
19,511
19,316
19,982
20,484
13,477
13,939
14,984
15,218
15,320
16,060
68,865
68,986
69,215
69,291
68,838
69,201
107,368
110,250
111,578
112,988
113,143
116,807
21,787
22,438
22,258
23,114
22,954
23,824
16,735
17,870
19,595
20,160
20,115
21,651
68,846
69,942
69,725
69,714
70,074
71.332
115,726
116,719
Il6,802r
23,083
23,293
23,601
23,497
23,598
25,070
21,851
21,806
22,225i
22,774
23,265
24,347
70,792
71,620
70,976
70,929
72,558
74,775
131,848
134,185
136,568
25,233r
2 5,739
26,806
26,811
26,865
28,769
25,458r
26,111
26,824
27,660
29,063r
28,634
75,112
76,382
77,107
77,377
78,257
79,165
135,368
135,596
28,528
28,130
28,449
26,211
78,391
79,255
125,803r
128,232
1,50,737
1981-Jan. p
Feb. p.
Federal Reserve Board data.
Preliminary,
Revised
W
16,044
16,413
17,001
90,101
93,700
96,035
Sept .
Oct...
'.
eign banks
Dollar claims of
U.S. -based banks'
major foreign
branches
W
Aug../
.
U.S. agencies &
branches of for-
())
July
Nov..
.
Dec
banks
(2)
117,200
119,421
124,192
.
U.S. -based
(1)
Apr. ..
May.
June.
.
p
Total dollar
claims on nonbank foreigners
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section IV - Liabilities to Foreigners Reported by Nonbanking' Business Enterprises in the United States
Table CM-IV-1.
-
Total Liabilities by Type
May
93
1981
-CAPITAL
Section IV
-
Liabilities to Foreigners
MOVEMENTS-
Reported by Nonbanking Business Enterprises
Table CM-IV-2.
-
in the
United Slates
Total Liabilitie8 by Country
at end uf period
Belgvuni- Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S. S.R
Yugoslavia
Other Europe
2
is
200
^21
J73
518
2t,U
2ttb
1,055
1.083
263
1.028
lOA
695
139
675
Total Europe
md Carlbbei
Latin Amer:
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles 2/.Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
^03
102
176
715
UZt,
133
276
<
•
Total Latin Amerii
Caribbean
.
.
.
and
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
267
126
<
1.091
1,288
120
Thailand
Oil-exporting countries
Other Asia
y.
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa..
Zaire
Oil-exporting
Other Africa.
:
t
.
Total Africa...
Other countries
Australia
All other
:
Total other countries.
Total foreign countries.
International and region
Interi
al
European regional
Latin American regional.
Asian regional
African regional
Middle Eastern regional....
Total international
and regional
Grand total
l^/
10,3ii5
10, 0'*^
11,085
Data in two columns shown for this date differ because of changes in
Figures in the first column are comparable in
reporting coverage.
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date. (See
introductory text to Capital Movements seLtion for explanation of
changes in reporting.)
16,9Ji.
17,349-
ie,i.41
13.628
Through December Jl. 1975, Suriname included with Netherlands Ant:
Includes Bahrain, Iran, Iraq, Kuwait, Oman. Qatar, Saudi Arabia,
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Not available.
Less than $500,000.
p Preliminary.
;
94
Treasury Bulletin
-CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
Table CM-IV-3.
-
Reported by Nonbanking Business Enterprises in the United States
Total Liabilities by Type and Country aa of
December
31,
1980
Prelimisary
May
1981
95
.CAPITAL MOVEMENTS,
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-1.
-
Total Claims by Type
(In millions of dollars)
in
the United
States
Treasury Bulletin
96
-CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-2.
-
United States
Total Claims by Country
of dollars)
end of period In milll
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
in the
992
3b8
n.a.
7
815
i.15
248
^.02
139
298
90
n.a.
433
167
598
386
475
293
499
370
390
169
398
176
297
432
186
343
386
265
525
38
36
36
4,850
5.969
150
306
46
3,105
128
,714
160
531
319
5.763
160
Total Europe
Canada
Latin America and Caribbean :
Argentina
Bahamas
Bermuda
Brazil
British Uest Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
108
6 7A
2,696
581
208
775
637
613
248
1,125
196
118
114
3,069
295
780
1,298
197
121
183
2,706
227
610
2,017
191
170
784
2,603
170
158
817
2,402
192
155
9
10
70
98
Mexico
Netherlands Antilles ]J...
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
Tha i land
Oil-exporting countriesV
Other Asia
:
Total Asia
Africa
:
Eeyp':
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries ^/
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...
:
Total international
and regional
Grand total
268
175
1,221
213
989
(.5-5
346
n.a.
n.a.
180
103
43
431
257
20
265
136
128
211
318
1.281
163
88
21
20
270
344
1,317
320
24
43
35
50
1.134
369
404
237
151
83
302
337
1,436
352
23
46
417
242
375
May
1981
91
-CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-3.
-
in the
United State«
Total Claims by Type and Country as of December 81, 19«0 Pr«llmiB«ry
..
Treasury Bulletin
98
.CAPITAL MOVEMENTS.
SectioB VI - Tranaactiena in Long-Term Securitiea by Foreignera
Reported by Banks and Brokers in the United States
Table CM-VI-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
Corporate and other securities
t corporations and
Federally- sponsored agencies
U.S. Gov'
Net foreign purchases
Calendar year
or month
Gross
Inter
foreign
national
purchases
Foreign countries
Official Other
foreigninstitutions ers
(1)
1971
1972
1973
1974
1975
1976
1977
,
'978
l-iTi
1980
(2)
3,253
4,974
1,024
688
3,459
3,316
2, .3'
41,034
4,526
5,519
2,628
51,182r
15,728
46,275r
11,387
2,544r
332
9,722r
2,839
7,178r
2,257
2,904r
1,492
5,703r
2,153
2,799
661
-185
-802
-1,195
-63
3,746
2,437r
2,436
7,484r
3,977
3,337
3,113
5,725r
443
44r
-42r
43
1,062
936r
619
892t
890r
825
-4
472
66
669r
435
996r
-104
-168
571
-222
-127
238
4,168
3,078
6,675
4,016
4,017
5,755
3,477
3,845
4,923
3,335
3,352
5,559
482
174
-29
550
209
-36
1,046
577
564
355r
324
194
302r
83r
689 r
602
157
-54
91
294
3,316
5,250
7,162
2,281
3,423
5,682
413
1,056
802
980
643
320
395
777
3,729
1,697
598
728
384
32,362
299
-745
998
664
301r
-336
1/
1,585
1,273
545
,710
,723
692
-767
1,752
681
664r
196
1,035
1,827
1,480
Feb. p..
4,297
27,651
38,310
-165
101
180
2,702
1,713
July....
Aug
Sept....
Mar . p .
(11)
2,967
4,723
5,828
8,621
5,408
5,529
5
-34r
93
104
762
865
1,404
1,084
Net
foreigr foreign
sales
purchases
(10)
69
203
277
753
-103
-63
425
l,718r
Gross
703
1,881
1,961
1,039
766
1,202
1,467
2,414
4,358
2,738
3,382
8,898
25,610
39,818
57
-231
-a99r
-677
i,759r
purchase;
(8)
(6)
(.5)
130
1980-Mar
Apr
May
June ....
Cross
foreign
Net
foreign
purchase;
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
(4)
l,908r
656
Gross
Gross
foreign
foreign
purchases sales
1,043
2,433
3,854
6,903
17,514
16,974
(3)
-119
-22
3,840r
3,354
1981-Jan
purchase:
1,661
3,281
465
-642
1,612
5,117
20.377
4,907r
4,341
Dec
regional
,672
,316
305
-472
,995
,096
,8A3
1981-Jan.-Mar
Oct
Nov
and
Gross
foreign
Net
sales
foreign
-841
57
33
147
183
239
490
294
223
332
101
742
581
144
24
849r
868
301
1,077
947
566
Data Include transactions in issues of states and municipalities.
Through December 1976, data also included transactions in Issues
of U.S. GcJvemment corporations and Federally-sponsored agencies.
p
a.
r
403
330
527
7
39
658
956
3,442
216
723
Gross
foreign
purchases
(14)
(15)
',-23
1.658
11,626
14,361
12,767
7,636
15,355
13,227
14,154
'0.145
22,781
10,894
12,173
9,978
7,096
10,678
15,475
11,479
7.723
21,123
5,358r
1,665
40,320
10,085
34,962r
8,420
(12)
(13)
2,263
2,842
3,867
7,582
4,642
4,327
1,975
2,188
2,790
540
4,678
2,753
2,675
731
354
220
251
368
326
-11
159
2
58
1
2,745
1,986
1,956
2.559
2,39C
1,728
1,966
2,400
2,800
3,301
3,329
3,920
3,588
3,701r
2,798
2,312
3,310
334
187
310
203
150
212
241
519
381
164
224
869
644r
3,110
3,505
3,569
4,438
4,457
4,345
493
600
1,060
173
205
283
624
406
636
3,422
2,718
3.945
510
344
515r
246r
Gross
foreign
sales
Preliminary,
Not available,
Revised.
Table CM-VI-2. Foreign Purchases and Sales of Long-Term Foreign Securities by Tyjie
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
or month
Net
foreign
purchases
of foreign
securities
(1)
1971
1972
1973
1974
1975
1976
1977
1978
1979
-984
-622
-818
-2,034
-6,526
-9,097
-5,506
-3,655
-4.641
1980
1981-Jan-Mar.
-2,929r
-477
1980-Mar
Apr
May
June.
.
..
19ol-Jan
Feb. p..
.
Net
foreign
purchases
(2)
-935
-1,031
-993
-2,218
-6,338
-8,774
-5,096
-4,182
-3,855
-846r
-337
22
July
Aug
Sept....
Oct
Nov
Dec
Mar
Foreign bonds
p
,
p
Preliminary
r
Revised,
13
-43
-388r
-794
-3
-288
-620
290r
-466r
-643
-547r
221r
368r
-265r
-84
-206
92r
206
-202
42
-317
2
74
-237
29
-130
Gross
foreign
purchases
(3)
1,687
1,901
1,474
1,036
2,383
4,932
8,040
Foreign stocks
Gross
foreign
sales
(A)
2,621
2,932
2,467
3,2 54
8,720
13,706
13,136
15,283
Net
foreign
purchases
(5)
-49
409
176
184
-188
-323
-410
11,101
12,672
16,527
17,069r
4,431
17,915r
4,768
1,181
1,082
1,482
1,638
1,168
1,085
1,770
2,258
-lOOr
-174
l,730r
1,374
1,231
1,651
l,254r
1,786
l,362r
l,639r
1,316
1,857
1,161
1,512
-77r
-201
-558
-341r
129
-68
1,142
1,296
1,992
1,379
1,267
2,122
527
-786
-2,084r
-140
35
13
-187
Gross
foreign
purchases
(6)
Gross
foreign
sales
(7)
1,335
2,532
1,729
1,907
1,542
1,937
2,255
3,666
4,615
1,434
2,123
1,554
1,723
1,730
2,259
2,665
3,139
7,885r
2,168
9,968r
2,308
679
402
456
495
663r
605
694
795r
927
721
696
709
763
5.401
670
442
555r
669
740r
805
1,253
l,136r
798
788
661
697
950
May
1981
99
CAPITAL MOVEMENTSSection VI - Transactions in
Table CM-VI-3.
(In
-
Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
Treasury Bulletin
100
-CAPITAL MOVEMENTS-
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Section VI
Table ClI-VI-4.
-
-
[Position 3t end of period in millions of dollars)
101
Niay 1981
-CAPITAL MOVEMENTSSection VI - Transactione in Long-Term Securities by Foreigners
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
millions of J.^ilJrs;
nt-v'iLive
iiguits indy^.U<- nr
I
£jU-i by
foirc igni^i ^^.
t
j
n-j
t
LUtllvw of cspitai
from the U nited
1981
through
Mar. p.
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
Germain Democratic Republic
Germany
Greece...
Hungary
Italy
Netherlands
Sornay
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
:
129r
212
-25
-118
-202
930
Total Europe.,
Canada
I.Bt.in
:
Amejr''-"
»nd Cftribbeem
:
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia:
China:
Mainland
Tall
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries U.
Other Asia
Total Asia.
Africa
Egypt
Ghana
Liberia
:
Itorocco
South Africa
Zaire
Oil -exporting countries
Other Africa
y
Total Africa.,
Other countries
Australia
All other
:
Total other countries.,
Total foreign countries..
Tntemational and regional
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional,,.
Total international
and regional
,
Bahrain. Iran, Iraq,
-nited Arab EmitJtes
I
'
lit.
Umsn , Qa t a
ial States).
Algeria, Gabon, Libya and Niger
i Less than S500,000.
n
,at>.
St.
lUji
Treasury Bulletin
•CAPITAL
MOVEMENTS-
- Trtnttetiooa in Loof-T«rm Sscuritiaa by Foreigners
Reported by Banke and Brokers in the United States
Tabl'e CM-VI-6. - Nat Foreif^ Tranaaeti^^ in Domeatic Stocka by Country
Sactioo VI
""
'
'
"
-.
'.
ind icate net sales by fore igners or a net outflow of ca pital fr<
'
'^
May
1981
103
-CAPITAL MOVEMENTSSection VI
-
Table CM-VI-7.
-
Transactions in Long-Te rm Secarities by Foreigners Repor ted
by Banks and Brokers in the United States
Net Foreign Transaction s in Long-Term Foreign Bonds by Country
Treasury Bulletin
104
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CU-VI-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from
tiie
United States)
May
103
1981
-CAEITAL MOVEMENTSSecurities by Foreigners
Section VI - Tranaactions in Long-Term
United States
Reported by Banks and Brokers in the
of Long-Term Securities,
Table CM-VI-9. - Foreign Purchaset and Sales
by Type and Country, During March 1981 Prallminary
by
chases by foreignei
Marketable
Treasury
4 Federal
Financing
Bank bond;
Bonds
of U.S.
Total
to
Domestic securities
Gov' t,
Corp. and
Federally-
Bonds
of U.S.
Gov'
t.
Federally
sponsored
agencies
(10)
Belgium-Luxembourg
Bulgaria
Ciechoslovakla
Derjnark
Finland
France
German Democratic Republic.
•
Germany
Greece
Hungary
Italy
Netherlands
Noruay
Poland
Portugal
Roman i a
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
ftl5
Total Europe
Canada
Latin America and Caribbean :
Argentina
Bahamas
...•
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica.,.
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
35
3^.6
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
1,756
'
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 region.
International
European regl at.
glo'
Latin America
Asian regions
African regio al.
Middle Eastern regional..
Total International
and regional...
and
otal.,
than 5500,000.
106
Treasury Bulletin
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Parcbases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1980
(In millions of dollars)
}\ay 1981
107
.FOREIGN CURRENCY POSITIONS-
Background
in
the
foreign
majority-owned
and
partnerships,
foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad.
pursuant
required
amendementto
the
Title
to
II
foreign currency
for
became effective as of
the last business day of September 1978.
Among the changes
the Belgian franc was deleted as a reporting
on the forms,
foreign
are
subsidiaries"
foreign
"Majority-owned
classes
total combined voting power of all
the
of
percent
50
entitled
stock
of
vote,
to
than
more
or
50
percent of the total value of all classes of stock.
The most recent revision of the nonbank
forms
own more than 50 percent profit interest.
indirectly,
States directly or indirectly own stock with more than
Statistics
1978 (the last business day of the month),
{see below)
or
directly
concerns or nonprofit institutions located in the United
the
in
used
instructions
and
forms
report
The
collection of bank data were revised effective with reports
as of
as of November 1, 1978, for the weekly reports, and
the monthly reports.
nonprofit
or
States,
an
beginning with data for December 1975-
October 31,
United
the
in
of September
Law 93-110,
Par Value Modification Act,
on the positions will be published monthly in the Treasury
,
institutions
concerns
nonbanking
more
or
one
corporations in which one or more nonbanking business
21, 1973, and implementing Treasury regulations.
Bulletin
those
are
organized under the laws of a foreign country in which
Reporting has been
Public
of
partnerships"
foreign
"Majority-owned
foreign
the
firms
and on those of foreign branches, majority-
United States,
owned
on
197*^
nonbanklng
and
banks
of
positions
currency
since
been collected
Data have
Reporting Threshold
The exemption level applicable to banks and banking
The exemption
institutions is $10 million equivalent.
level
applicable
concerns
business
nonbanking
to
and
nonprofit institutions was $1 million equivalent on all
It
nonbank forms from March 1975 through November 1976.
raised
was
equivalent
million
$2
to
reports of positions held
on
monthly
the
From
the United States.
in
November 1976 through September 1978 the exemption level
was raised to $3 million on foreign subsidiary positions
1977
on June 31,
ConuDon Definitions and Concepts
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
Rico,
the
American Samoa,
Zone,
Canal
The term "foreign" means
Virgin Islands, and Wake Island.
other
locations
than
the
the
Midway Island,
States",
"United
The
term
is used to describe the sum of "United States"
"worldwide"
Firms
currency
foreign
entire
their
report
must
position in a specified foreign currency if a specified
United States dollar equivalent value is reached in any
of
category
liabilities,
assets,
contracts
exchange
bought and sold, or the net position in the currency.
In
general, exemption levels are applied to the entire firm
and "foreign" data.
by
Data for the United States include amounts reported
the
sole proprietorships, partnerships, and corporations in
United States including the U.S. branches and subsidiaries
of foreign nonbanklng concerns,
the case of "nonbanking
in
or
separately
and
States
United
the
in
branch
subsidiary.
each
foreign
their
foreign
partnerships
foreign
majority-owned
branches,
to
on
reports
In
and
majority-owned foreign subsidiaries. United States banks
the United States
and
branches,
agencies,
the
and
positions".
firms'
subsidiaries located in the United States of foreign banks
and
and banking institutions, in the case of the weekly
and nonbanks are required
monthly "bank positions",
Data for "foreign branches"
branches, partnerships, and subsidiaries with reportable
amounts
reported
the
by
and
"abroad"
include
dollar
-
to report
exchange
liabilities,
assets,
dencKninated
and net positions of those
contracts bought and sold,
positions in the specified foreign currencies.
majority-owned
branches,
and majority -owned subsidiaries of United
In general, these
and nonbanking concerns.
banking
States
parents or
data do aot reflect the positions of foreign
Description of Statistics
through
foreign parents' subsidiaries located abroad except
The data Include the foreign
intercompany accounts.
collected
on
the
Treasury
forms are published
in
the
Treasury Bulletin in nine
partnerships
subsidiaries of a few foreign-owned U.S. based corporations.
Assets,
data
are
worldwide
remaining to
reported.
reported
on
the
basis
of
time
for
receipt or delivery within
days from the date of the report.
maturing in
1
2
business
"Short-term" means
year or less from the date of the report.
a
first
The
sections.
liabilities, and foreign exchange contract
maturity as of the date of the report, regardless of the
"Spot"
original maturity of the instrument involved.
means due
Data
net
presents
section
positions
foreign currency
all
in
a
summary
the
of
of
currencies
Sections II through VIII each present data on
the
Specified foreign currency. Section DC presents
United States dollar positions of the foreign branches
and
subsidiaries
required
to
foreign currencies.
United
of
report
in
one
States
or
more
firms
of
the
which
arc
specified
Treasury Bulletin
108
FOREIGN CURRENCY POSITIONS
Section
I
-
Summary
PositiooB
Table FCP-I-1. - Nonb«nking Firms' Positions
(In millions of foreign currency units)
Report
Date
y
109
lAay 1981
.FOREIGN CURRENCY POSITIONS.
Section
II
-
Table FCP-II-1.
''In
Position
Canadian Dollar Positions
-
Nonbanking Firms' Positions y
millions of Canadian dollars)
no
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section
Table FCP-II-3.
II
-
-
Canadian Dollar Positions
Consolidated Monthly Bank Positions
it/
May
1981
111
.FOREIGN CURRENCY POSITIONS.
III
-
French Franc Positions
Table FCP-III-1.
-
Nonbanking Firms' Positions
Section
(!•»
PO!
milLlone
o^.
French &^ancs)
]^/
112
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section
Table FCP-III-3.
III
-
-
French Franc Positions
Consolidated Monthly Bank Positions ^'
(In millions of French francs)
May
113
1981
-FOREIGN CURRENCY POSITIONS.
Section IV
-
German Mark Positions
Table FCP-IV-1. - Nonbanking Firms' Positional/
(In millions of marks)
Po.
114
Treasury Bulletin
-FOREIGN CURRENCY POSITIONSSection IV -
German Mark
Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions
(In millions of marks)
Balance sheet items
End
of
Maturi ty
month
Assets
^/
(1)
10,56i.
12,59 5
17,169
12,331
6,999
5,829
5,829
Total of all maturities
67,328
60,752
Summary ((7) + (8>)
68,687
6 3,203
Demand/spot
3 days-1 month
Over 1 month-3 month...
Over 3 months-6 months.
Over 6 months-1 year...
Over 1 year
9,569
18,852
13,305
10,196
6,481
11,393
12,523
19,036
11,409
7,230
5,756
6,851
Total of all maturities
69,796
62,805
Capital assets,
Sept.
(2)
Demand/spot
3 days-1 month
Over 1 month-3 months..
Over 3 months-6 months.
Over 6 months-1 year...
Over 1 year
o,i.83
lb,7tl6
14,602
8,981
6,902
Capital assets, liabilities....
Aug.
Liabilities
2,451
liabilities..
1,357
Summary {(7) + (8))
71 ,153
65,2 50
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 m3nths-6 months
Over 6 months-1 year
Over 1 year........,,,.,,,...
9,387
17,317
13,527
10,837
6,021
10,850
12,038
17,564
12,181
9,203
4,958
5,719
Total of all maturi'
67,939
61,663
Capital assets,
os
liabilities,,.
Summary ((7) + (8))
69,300
,169
(5
(6
Demand/spot
3 days -I month
Over I raonth-3 months
Over 3 months-6 months
Over 6 months-1 year
Over I year
9,461
17,284
14,942
9,984
5,850
9,970
12,327
17,714
13,104
7,746
3,917
5,135
(^
Total of all maturities
66,491
59,943
(8
Capital assets,
1,201
2,411
(9
Summary ((7) + (8))
(1
(2
(3
C
liabilities...
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months...
Over 3 months-6 months..
Over
months-1 year.,,.
Over I year
9,138
15,856
16,538
11,258
4,928
10,760
12,123
17,503
14,425
8,770
2,868
5,975
V)
Total of all maturities.
68,478
61,664
<8)
Capital assets, liabilities,.
(I)
(2)
(3)
W
m
<i
Sutnnary ((7)
+
1,213
69,691
64,091
(4)
(5)
(6)
Demand/spot.
3 days-l month
Over I month-3 months.
Over 3 month-6 months.
Over 6 months-l year..
Over 1 year
9,448
19,807
15,929
10,220
4,714
10,757
13,170
19,262
13,214
8,410
2,587
6,103
(7)
Total of all maturities
70,875
62,746
(8)
Capital assets, liabilities.
(1)
(2)
O)
(8)).
Summary ((7) + (8))
71
,q97
Net
is/
May
1981
115
.FOREIGN CURRENCY POSITIONS.
Section V
-
Italian
Table FCP-V-1.
-
Nonbanking Firms' Positions^/
Lira
(In millions of lire)
Po
Positions
Treasury Bulletin
116
.FOREIGN CURRENCY POSITIONS.
Japaaaae Tea Poaitioas
SaetioB VI
r»bU FCP-VI-1.
-
Noakaakiaf Firmi' Poiitioaa
(In millions of yen)
Po
1/
117
Niay 1981
FOREIGN CURRENCY POSITIONS,
SactioB VI
TabU FCP-VI-S.
-
-
Japaaaa* T«a PotitioBS
CeaiolidaUd Moatkly BmBk Potitieai
(In millions of yen)
A*/
118
Treasury Bulletin
-FOREIGN CURRENCY POSITIONS.
Section VII
-
Swiss Franc Positions
Table FCP-VII-1.
-
Nonbanking Firms' Positions y
May
119
1981
.FX3REIGN
Section
Table FCP-VII-3.
VII
-
CURRENCY POSITIONS.
-
Swiss Franc Positions
Consolidated Monthly
Bank Positionsis/
Treasury Bulletin
120
-FOREIGN CURRENCY POSITIONS.
Section VIII
-
Sterling Positions
Table FCP-VIII-1. - Nonbanking Firms' Positions
i/
May
121
1981
.FOREIGN CURRENCY POSITIONS.
Section VIII
Table FCP-VIII-3.
-
-
Sterling
Positions
Consolidated Monthly Bank Positionsi^/
Treasury Bulletin
122
-FOREIGN CURRENCY POSITIONS.
Section IX
Table FCP-IX-1.
-
-
United States
Positions Abroad
Nonbanking Firms' Foreign Subsidiaries
On
Position
Dollar
nillions of United States dollars)
Positions
}Aay 1981
123
-FOREIGN CURRENCY POSITIONSSection
IX
-
Table FCP-IX-3.
United States Dollar Positions Abroad
-
Monthly Bank Foreign Office Positions
fin millions of United States
dolUrs)
w
,
Treasury Bulletin
124
FOREIGN CURRENCY POSITIONa,
Fciotnjtes
1/
Vforldwide net positions on the last business day of the
^/
All current assets other than liquid assets and short-
calendar quarter of nonbanking business concerns in the
term trade receivables, and financial assets maturing in
United States and their foreign branches and majority-
more
partnerships
owned
subsidiaries.
and
than
one
year
from
Intracompany accounts,
Excludes
receivables and installment paper which have been sold
term trade receivables,
or discounted before maturity,
and stocks,
parent companies'
U.S.
fixed
assets
(plant
and
equipment)
bonds,
report
Includes
date.
prepayments,
long-
long-term Intracompany claims,
and other securities.
equipment)
and
Fixed assets
investment
parents*
majority-owned foreign subsidiaries
capitalized
and
and
(plant
Investment in their majority-owned foreign subsidiaries,
the
inventories,
in
are excluded.
leases for plant and equipment.
7/
2/
Foreign
branches
majority-owned
and
partnerships
All financial liabilities other than short-term debt and
short-term trade payables; Includes long-term trade pay-
and
ables;
subsidiaries only.
intracompany liabilities, accrued expenses, and
liabilities maturing
3/
worldwide
Weekly
Institutions
branches
the
in
positions
net
United States,
majority-owned
and
of
and
banking
report date.
their
foreign
excluded.
banks
and
foreign
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.
V
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net positions including capital assets
Excludes spot exchange.
9/
Columns (1),(3),(5), and (7) less columns (2)
,
(i4)
,
(6)
and (8).
and liabilities on the last business day of the ocnth of
banks and banking institutions In the United States and
10 /
Representative
rates
on
the
report
date.
Canadian
their foreign branches and majority-owned subsidiaries.
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
foreign units_per U.S. dollar.
SECTIONS II THROUGH IX
Positions of nonbanking business concerns in the United
States and
their
11 /
partnerships and subsidiaries.
sectionIX
In
In
positions
subsidiaries only.
tracts,
well
as
currency,
as
deposits, negotiable and
other
readily
financial Instruments maturing in
the report date,
other
parties
accounts
demand
1
and
Excludes capital assets and liabilities.
13 /
Includes both spot and forward exchange contracts.
IM/
Sum of columns (3) and
15/
Sum of columns
16 /
Sum of columns (5) and (10).
17/
See footnote 10.
16/
See footnote 11.
19/
Fixed-rate loans are reported by time remaining to final
time
transferable
year or less from
repayable
on
demand.
unaccepted
and
Other
trade
loans,
drafts
("4)
(8).
and (9).
are
excluded.
unsettled
contracts,
12 /
and intracompany claims and loans to
receivable,
Includes
section jX, foreign branches and majority-owned sub-
sidiaries only.
of foreign branches and majority-owned partnerships and
Includes unsettled spot foreign exch^ge purchase con-
Banits and banking institutions in the United States ana
their foreign branches and majority-owned subsidiaries.
branches and majority-owned
foreign
spot
intracompany
foreign
liabilities,
exchange
sales
other than short-term
trade payables, short-term borrowings due in
year or
maturity or the nearest call date, whichever is earlier,
less from the report date, and the current portion of
and floating-rate loans by time remaining to the nearest
long-term
interest-fixing date.
debt.
Other
loans,
accrued
1
expenses
and
accounts payable are excluded.
20/
discounted before maturity are excluded.
21/
Due
in
payables.
1
year or
less;
includes intracompany trade
Sum of columns (3) and (6),
Revised.
n.a. Not available.
r
5/
Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
Due In
year or less; includes Intracompany trade
1
receivables.
Receivables and installment paper sold or
May
1981
125
FINANCIAL OPERATIONS OF
Section
Table GA-II-1.
-
II
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
(In millions of dollars)
Export- Import
Bank of the
United States
Fiscal year
or month
Repurchases
1<(71.
2,548
3,045
6,257
3,903
7,829
11,666
1972.
1973.
1974.
1975.
1976.
T.Q..
1977.
1978.
1979.
305
781
330
Farmers Home
Administration
Repurchases
Housing and Urban
Development Dept,
Government
National Mortgage
Association
Repurchases
269
248
145
187
20
21
3
21
2
160
104
Repurchases
2,005
2,430
3,324
2,172
6,415
4,247
1,070
5,445
9,407
10,375
1,105
1,524
1,148
414
2,083
3,355
2,026
2,300
1,501
1,232
6,963
1,592
2,118
938
1,473
833
287
574
284
7,895
10,544
11,848
1,141
1,559
1,281
422
2,121
3,399
2,055
12,469
4,902
11,463
4,884
1980-Mar..
Apr.
May..
June.
1,345
1,849
1,490
527
504
1,345
1,849
1,490
525
502
506
July.
Aug..
Sept.
Oct..
Nov..
1,470
1,223
1,133
1,036
1,595
512
1,470
1,188
511
507
35
12
558
11
402
511
813
1,005
1,465
509
812
130
2,7 59
1980.
.
6
Dec
1981-Jan..
Feb..
Mar..
*
Leas than 5500,000.
507
508
5
14
457
580
,440
31
13
28
86
547
371
545
14
580
13
709
2,440
707
Small Business
Administration
Veterans
Administration
Repurchases
Repurchases
244
368
483
209
163
294
96
333
198
25
30
32
29
6
36
43
28
..
.
"reasury Bulletin
126
.FINANCIAL OPERATIONS OF
Section
Table GA-III-1.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Civil Service
Trust Funds
Retirement and Disability Fund
(In millions of dollars)
Fiscal year
1921-71,
1972....
1973
1974
1975
1976.,.,
T.O
1977
1978
52
197'^....
1980...,
1981 (Est.).
1982 (Est.).
1980-Apr
Hay. .
June.
.
.
July...
Aug
Sept. ..
Oct
Nov.
Dec
. .
1981-Jan
Feb
Mar
Fiscal 1981
to date
Donations service credit payments and other
misc. receipts
,
Agencies
contributio
or month
'\mployees'
contributions
Federal
contribu tions
,
Interest and
profits on
investments
May
1981
127
.FINANCIAL OPERATIONS OF
T^ble GA-III-2.
-
GOVERNMENT AGENCIES AND FUNDS
8«eti«B III - Tract Faad*
Federal Old-Age aad Survivor* Intarance Triut Fand
1/
(In millions of dollars)
Receipts
Fiscal year
or month
Appropriations
3/
1937-71
1972
1973
1974
1975
1976
T.Q
1977
1978
,
1979
,
I9fl0
1^51 ^£st.J
1982 (Est.)
1980-Apr.
May
June.
. ,
.
July...
Aug
Sept...
Oct
Nov. . .
Dec ...
.
.
198i-Jan
Feb
Mar
Fiscal 1981
to date,,,.
308 , 090
271,183
37,916
43,639
50,935
58,763
62,327
16,186
71,788
76,811
32,114
37,187
43,465
50,119
52,900
14,259
61,219
66,187
Deposits by
States it/
Expenditures other than investments
Benefit
payment s
Net earnings
on investments
20,720
3,596
4,131
4,989
5,898
6,654
1,847
7,676
7,860
8.680
14,956
1,718
1,848
2,040
2,296
2,349
80
2,282
11.229
11,854
12,718
1,231
488
473
273,743
262,430
34,540
42,170
47,847
54,839
62,164
16,874
71,271
78,524
37.592
2.153
611
611
1,919
616
35,848
43,623
49,483
56,676
64,296
17,110
73,479
81,205
90,129
1,885
557
103.227
100.614
1,()B4
542
680
122,431
142,181
119,548
138,924
441
450
423
*
86,893
75,678
100,050
119,782
130,246
9,906
12,050
6,655
86,379
105,702
115,581
9,837
8,374
7,072
3,594
-1,060
82
643
8,247
8,207
9,678
8,112
8,128
8,153
5,895
12,124
7,336
10,305
8,032
8,623
6,016
7,663
7,461
9,012
7,287
6,570
-140
4,361
-187
1,218
660
968
18
100
63
75
85
545
9,399
9,417
9,488
9,539
9,540
9,623
9,262
9,356
3,365
9,437
9,432
9,521
9,488
10,543
10,888
8,542
10,131
928
219
2,192
18
103
66
9,744
9,305
10,039
9,623
9,725
9,907
5n,2'n
57,645
8,630
-19
Payments to Railroad Retirement
Accounts 6/
5,752
128
Treasury Bulletin
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section III - Trnst Fnnds
Table GA-III-3.
-
Federal Disability Insarance Trast Fnnd
(In millions of dollars)
M.ay 1981
129
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
III
-
Trust Funds
Footnotes
Table GA-III-2.
Monthly Treasury Statement of Receipts and Outlays of the United
Source:
Budget estimates are based on the 1981 Budget of
States Covernrnent.
the U.S. Government, released January 28, 1980.
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
certain World War II veterans (60 Stat, 979 and 6^ Stat. 512):
S35
million (1937-59), paid from the Railroad Retirement Accounts; beginning November 1951, small amounts in the nature of recoveries from
expenditures incidental to the operations; beginning 1958,
interest
payments from Federal Disability Insurance Trust Fund and sale of
waste paper; $78 million for each FY 1967 and 1968, $156 million FY
1969, $78 million for each FY 1970 and FY 1971, $137 million FY 1972,
$138 million FY 1973 and $139 million FY 1974 for military service
credits; and $226 million for FY 1969, $364 million for FY 1970, $371
million FY 1971, $351 million for FY 1972, $337 million FY 1973 and
$303 million FY 1974 for benefits for the aged.
Fiscal Year 1975
includes $140 million for military service credits and $307 million
for special benef i ts for the aged.
Fiscal Year 1976 includes S157
million for military service credits and $268 million for special
benefits for the aged.
Fiscal Year 1977 includes $378 mi 1 1 ion for
mil i tar y service credi ts and $236 million for special benef i ts for
the aged.
Fiscal Year 1978 includes $385 million for military
service credits and $228 million for special benefits for the aged.
$230 million for special benefits for the aged.
FY 1980 includes $393
million for military service credits and $164 million for special benefits
for the aged.
FY 1981 and 1982 estimates include $390 and $534 million
for military service credits and $150 and $140 million for special benefits
for the aged, respectively.
W
Includes unappropriated receipts from January \^b2 to June 1965.
£/ 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 Socialanfl Rehabilitation Service.
t^/ Payments are made between the Railroad Retirement Account and Federal
Old- Age and Survivors and Federal disability so as to place those funds
in the position in which they would have been if railroad employment
after 1936 had been included in social security coverage (45 U.S.C,
228e (k)).
]_/ Excludes transactions for investments in non-Federal securities.
B/ 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 ac ts unti 1 passage of the Social
Security Act Amendments of 1956 (42 U.S.C. 401 (g) (1)); previously
these expenses were included in reimbursements to the general fund.
Beginning July 1966 payments of salaries and expenses for Social
Security Administration are charged directly to each trust fund.
* Less than $500,000.
2_/
,
Table GA-III-3.
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1981 Budget of
the U.S. Government, released January 28, 1980.
Includes payments for military service credits as follows:
$16 million for each FY 1967, FY 1968, $32 million FY 1969, $16 million for
each FY 1970, 1971, $50 million FY 1972, $51 million FY 1973, $52 million and $3 million for interest on reimbursement of administrative and
vocal rehabilitation expenses FY 1974, $52 million mili tary service credits for FY 1175. Includes payments for military service credits, $90 million for FY 1976,$103 million for FY 1977, $128 million for FY 1978, FY
$142 million for 1979, and $118 million for FY 1980. FY 1981 estimates
include $130 million and FY 1982 estimates include $168 million for
mi 1 i tary service credits
irce:
Includes unappropriated receipts from January 1962 to June 1965.
To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
Includes payment for Vocational Rehabilitation Service beginning FY 1967
FY 1966 and construction and equipment of buildings beginning FY 1967.
Transition Ouarter includes $27 million for vocational rehabilitation
services and $2 million for construction of buildings.
Fiscal Year
1977 includes $77 million for vocational rehabilitation.
Includes $84
million for vocational rehabilitation and $2 million for construction
of buildings for FY 1978.
2/ Payments are made between the Railroad Retirement Account and
Federal Old-Age and survivors and Federal disability so as to place
those funds in the position in which they would have been if railroad
employment after 1936 had been included in social security coverage
(45 U.S.C. 228 G (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.
401 (g) (1)).
Beginning July 1966 monthly reimbursements are paid to
the Social Securi ty Administration to cover salaries and expenses
instead of the semi-annual reimbursement to FOASI
]_/ Includes $27 million paid from Railroad Retirement Accounts in FY I960.
8/ Excludes transactions for Investments in non-Federal securities.
96-403 dated October 9, 1980 provided for a reallocation of Social
Security taxes between the Federal Disability Insurance Trust Fund and
the Federal Old-age Insurance Trust Fund retroactive to January 1, 1980.
Currents month activity includes the new allocation rates for October
1980 reporting and prior year adjustment from the FDI trust fund to
the FOASI trust fund.
Revised.
Less than $500,000.
9/ P.L.
,
r
*
Treasury Bulletin
130
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section III
Table GA-III-4.
-
-
Trait Faada
Federal Hospital Insarance Trust Fond
Niay 1981
131
.FINANCIAL OPERATIONS OF
Section
Table GA-III-6.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)
Fiscal Year
or month
Expenditures other than investment
Receipts
Federal
contributions
Interest
and profits on
invest-
ments
All
other
Benefit
Treasury Bulletin
132
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-6.
-
III
-
Trust Funds
Railroad Retirement Accounts
May
1981
133
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
III
Trast Funds
-
Table GA-III-7. - Unemployment Trust Fund
Hn
millions of dollars)
Receipts
Employment Security Programs
Employment Security
Administration
Account 2/
State
accounts
1/
Fiscal yea
or incnth
Deposits
by
Appropria tions
States
Advances
from
general
Federal
Unemployment
Account
Board
fund
4/
Railroad Unemployment Insutdnce
Rail road Unemp 1 oymen t
Insurance Account 6/
Federal
Extended
Compensation
Account
5/
fund 9/
Deposi ts
by
Railroad
Retire-
ment
accounts
3/
Advances from
76,798
58,978
7,330
8,195
16,215
3,378
14,986
15,161
15,890
3,226
4,634
5,264
5,299
6,404
2,289
9,252
11,032
12,273
1,011
1,297
1,454
1,355
1,531
371
1.875
2,600
2,907
1980
1981 (Est.)
1982 (Est.)
16,195
20,000
23,743
11,915
12,0UD
15,460
3.246
3,350
3,975
1980-Apr...
May...
June.
1,665
4,550
1,271
3,603
537
121
374
83
24
July..
Aug...
Sept..
Oct
Nov. .
Dec. ..
1,205
2,437
310
1,050
1,515
756
779
2,222
906
1,985
249
847
1,213
202
1972
1973
1974
1975
1976
5,498 12/
6,725 UJ
,
,
,
T.Q
1977
1978
1979
,
1981-Jan
Feb
Mar
. .
Fiscal 1981
to date.
833 11/
573
146
785
7,878
625
3,442
1,045
112
113
111
109
110
Deposits
by
Railroad
Retirement
accounts
General
fund
8/
1936-71
Administration
Railroad
Retirement
Board
profits
All
on
inven t-
other
raents
796
7,244
141
60
496
487
650
13
639
283
34
55
169
15
14
14
204
193
31
1,176
1,235
Interest
and
157
189
232
266
503
659
1,222
1,503
1,176
1,235
87
128
19
1
55
360
323
434
281
132
61
3n
954
402
606
2
139
2
29
3,655
.
Expenditures other than investments
Employment Security Programs
Fiscal year
or month
Total
13/
State accounts 1/
Uj thdrawals
by States
1936-71
67,505 10/
Employment Security Administration Account 2/
Grants
to
States
55,495
5,528
5,978
4,405
5,139
11,958
16,413
3,106
12,339
9,368
8,585
776
814
832
1,117
1,213
380
1,514
1,522
1,563
14,068
20,931
18,273
1,264
1,213
1,347
1,848
2,244
2,417
155
160
155
July..,
Aug. . ..
Sept . .
Oct...
Nov. . .
Dec...
1,490
1,366
1,518
1,376
1,130
1,532
150
1981-Jan...
1,679
1,433
1,647
140
175
185
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980.
1981 (Est.).
1982 (Est.).
1980-Apr
May
June.
Feb.
Mar
.
.
. .
Fiscal 1981
to date...
10,096
8,847
160
165
185
200
168
Payments
Keimbursements and
recoveries
to
general fund
Interest on
advances
and refunds
Salaries
and
expenses
Federal Extended Compensation Account
Temporary
extended
compensation
payments
Repayment
of advances
from general fund
_5/
Reim-
bursement
to State
accounts
1/ 46
13
25
2"^
22
34
27
27
29
30
8
34
34
34
35
16
16
19
40
43
1
3
43
32
37
1
1
35
Treasury Bulletin
134
GOVERNMENT AGENCIES AND FUNDS
.FINANCIAL OPERATIONS OF
Section
III
-
Trust Fnndi
Table GA-III-7. - Uaemployment
Tmst Fand—Continued
(In millions of dollars)
Expenditures other than investments
-
Continued
Railroad Unemployment Insurance
Administration
fund
II
Railroad Unemployment Insurance Account ^/
Fiscal year
or month
Benefits
payments
Temporary
extended
benefit
payments
Repayment of advances to
Railroad
Retirement
Accounts
General
fund
All
other
Administrative
expenses
Net
May
1981
135
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-8.
III
-
Trust Funds
National Service Life Insurance Fund
(In millions of dollars)
Receipts
fiscal year
or month
1944-71
Premiums and
other receipts
23,203
773
1972
1973
1974
1975
1976
T.O
1977
1978
1979
1980
1981 (Est.)
1982 (Est.)
1980-Apr
May
June.
.
July..,
Aug
Sept...
Oct
Nov...
Dec ...
1981-Jan...
Feb
Mar
. .
.
Fiscal 1981
to date. .
14,178
Transfers from
general and
special funds
Interest and
profits on
investments
Expenditures other
than investments
(benefits, net lending
refunds, and
dividends)
Net increase
or decrease
(-),
in
assets
Assets, end of period
Investments
Unexpended
balance
Treasury Bulletin
136
.FINANCIAL OPERATIONS OF
Section
GOVERNMENT AGENCIES AND FUNDS
III
Trust Funds
Table GA-III-9. - Investments of Specified Trust Accounts iu Public Debt Securities
and Agency Securities by Issues, as at
(Lr.
Payable
dace
Public issues:
Notes:
Soods:
"-3/4T
2/W/05-I0
7
S /1 5/81
,
3-1/4
6-3/8
4-1/4
3-1/4
6-1/8
3-1/2
8-1/4
4-1/4
6/15/78-83
4
7-1/2
7-7/8
4-1/8
8-3/4
6/i5/^-<*-*
2/15/93
5/15/89-94
8/15/94
2/15/95
11/15/98
5/15/94-99
3
3-1/2
8-1/2
7-7/8
2/15/95^00
a/15/95-00
S/15/96-01
5/15/00-05
2/15/02-07
ft-3/8..
8
8-1/4-
7-5/8
Total
Covemaent account series
Certificates^
s-a/sx
9-3/4
b.no/si
10
10-3/S
12-1/8
i2/7/a
13-1/2
Notes:
15X
Bills:
7-1/81..
7-3/3...
7-1/2...
7-5/8...
8-1/4:..
8-3/4...
9-3/4...
Total...
Agency Securities:
Participatioc Cercificatt
5.20X
5.10
6.40
6.05
6.45
6.20
,
,
,
,
,
Total
,
than
i>t^.',.':..
Outmber
31»
1980
aillions of iolU
Federal 01<3-Age
and Surviors
Insarance
Trnst Fund
Federal
Disability
Insorance
Truse Fund
Federal
Hospiul
Insurance
Trnst Fund
Federal
Supplesenta:
Medical
Insurance
Trust Fucd
Railroad
Ketlroaeni
Accounts
Unesployoent
Trust Fund
Niay 1981
137
CUMMULATIVE TABLE OF CONTENTS
JuD* 1980 through Utj 1981
Issues
Sections
Article :
Treasury financing operations
lune
July
Aug.
VI
VI
VI
Federal fiscal operations
Summary of fiscal operation
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
in Federal securities (net)
Trust fund transactions..
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
:
Federal obligations .
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
Cold assets and liabilities of the Treasury
:
?3
24
15
16
Monetary statistics
Currency and Coin In Circulation
:
Federal debt
Summary of Federal debt
Computed Interest charge and computed interest
rate on interest-bearing public debt
Interest-bearing public debt
Government account series
Interest-bearing securities Issued by
Government agencies
Participation certificates
Maturity distribution and average length of
marketable interest-bearing public debt
Debt subject to statutory limitation
Status and application of statutory limitation..
Treasury holdings of securities issued by
Government corporations and other agencies....
Description of securities of Government corporations and other business-type activities
held by the Treasury
:
Public debt operations
Maturity schedule of Interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstanding.
Offering of bills
New money financing through regular weekly
Treasury bills
,
Offerings of public marketable securities other
than regular weekly Treasury bills
Unmatured marketable securities issued at a
premium or discount other than advance refunding operations.
Allotments by Investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills
Foreign series securities (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
18
19
20
21
22
23
23
24
:
United States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all aeries
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
,
,
,
:
,
,
,
,
United States savings notes
Sales and redemptions by periods...,.
:
Ownership of Federal securities :
Distribution by classes of investors and types
of issues
Estimated ownership by private Investors
Treasury survey of ownership
Treasury survey - commercial bank ownership.
69
70
23
anrt
pajje
niimhers
,
Treasury Bulletin
138
.
CUMMULATIVE TABLE OF CONTENTS
_
June 1980 through Hay 1981-Continaed
Issues and page numbers
Sections.
Aug.
Market Quotations on Treasury securities
End-or-oiooth closing quotations
Chart - Yields of Treasury securities
Sept.
:
75
78
65
68
Average yields of long-term bonds :
Average yields of long-term Treasury, corporate
••..
and Diunlclpal bonds
Chart - Average yields of long-term Treasury,
corporate, and minlclpal bonds
Exchange Stabilization Fund
Ba lance sheet
Income and expense
:
75
76
National bank reports
Operating Income and expense, and dividends of
national banks, calendar year 1979
:
International financial statistics
U.S. reserve assets
U.S. liquid and other liabilities to foreign
official Institutions, and liquid liabilities
to all other foreigners
U.S. liquid and other liabilities to official
inatitutlona of foreign countries by area
Nonmarketable U.S. Treasury bonds and notes
Issued to official Institutions of foreign
countries
U.S. position In the International Monetary Fund
Weighted average of exchange rate changes for
the dollar
:
Capital movements :
Liabilities to foreigners reported by banks In
the United States
Claims on foreigners reported by banks In the
United States
Supplementary liabilities and claims data reported by banks in the United States
Liabilities to foreigners reported by nonbanklng
business enterprises in the U. S
Claims on foreigners reported by nonbanklng
business enterprises In the U.S
Transactions in long-term securities by foreigners reported by banks and brokers In the
United States
Foreign Currency Positions :
Summary
Canadian Dollar Positions
French Franc Positions
German Mark Positions
Italian Lira Positions
Japanese Yen Positions
Svlss Franc Positions
Sterling Positions
United States Dollar
Positions Abroad
2
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